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    Bitcoin Daily Discussion, January 22, 2022

    January 22, 2022

    Bitcoin Daily Discussion, January 22, 2022

    Daily Discussion, January 22, 2022

    Posted: 21 Jan 2022 09:03 PM PST

    Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

    If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

    Join us in the r/Bitcoin Chatroom!

    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
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    Every single time

    Posted: 22 Jan 2022 05:01 AM PST

    Skilled Bitcoin Veteran Hodler

    Posted: 21 Jan 2022 01:39 PM PST

    This is all

    Posted: 21 Jan 2022 04:12 PM PST

    El Salvador buys the dip again! They just just bought 410 Bitcoin more for only 15 million of dollars

    Posted: 21 Jan 2022 02:31 PM PST

    I bought Bitcoin for the first time today. Wish me luck, everyone!

    Posted: 22 Jan 2022 06:18 AM PST

    One nice thing about Dips is that the TA videos stop for a while...

    Posted: 22 Jan 2022 12:53 AM PST

    All of the 'Last chance to buy before 100K' videos have stopped coming out lately, I can't imagine why.

    If looking to past movements could really predict the future then casinos wouldn't give you cards to write down the winning roulette spins.

    How many crossing double ball-bag indicators or lagging sixty-nine day moving averages have failed to predict this wee drop in the bucket. I can't wait to see how the gaggle of click-bait shooting turd polishers justify missing this.

    Sadly they'll be back though.

    ...and that people of Quahog is what grinds my gears. Let's be careful out there.

    submitted by /u/wesleyD777
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    If Bitcoin gets to $34.5k, it'll be the 5th time I experience a ≥50% dip.

    Posted: 21 Jan 2022 08:30 PM PST

    I've experienced multiple ≥50% dips in Bitcoin:

    1st one: $6k-$3k

    2nd one: $13.8k-$6.4k

    3rd one: $10.5k-$3.8k

    4th one: $64.9k-$28.8k

    If Bitcoin gets to $34.5k, it'll be the 5th time I experience a ≥50% dip.

    What did I do every time? I bought and accumulated.

    Would I buy again? Already bought and will keep buying if we keep going lower.

    What about you anon?

    submitted by /u/Mari0805
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    Just dropping this off for the vibes

    Posted: 22 Jan 2022 05:36 AM PST

    This isn’t the first time and it won’t be the last - a visualisation

    Posted: 22 Jan 2022 05:14 AM PST

    So much for going to the moon. Do u want to upgrade your fries to a large for a dollar?

    Posted: 22 Jan 2022 05:57 AM PST

    So if everyone is buying, who is selling and driving the price down ?

    Posted: 21 Jan 2022 04:25 PM PST

    Instead of selling today I focused that nervous energy into this mess. [OC]

    Posted: 21 Jan 2022 09:32 PM PST

    Bought 560, 680, 720 - It went up to 19000. Then it went all the way down to 3200. Again it went up to 62000. And 38640 right now. I didn't exchange any of my BTC to Fiat, and I have no intention to exchange and letting the bankers control my saving. Stay strong.

    Posted: 21 Jan 2022 04:33 AM PST

    When I started buying bitcoin in 2016, I envied people that got in early 2010. But I don't envy them anymore. Because I won over the people that has made a profit in fiat, holding tight my BTC. I don't try to be rich quick, but I try to be wealthy in a long term. Moreover, I want a control over my savings and Bitcoin gave me an opportunity to do so.

    submitted by /u/SydMom
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    BTC vs ARKK ETF. Since October, they have literally been the same chart

    Posted: 22 Jan 2022 12:45 AM PST

    What HODLING looks like right now

    Posted: 21 Jan 2022 07:08 PM PST

    Next up: 4th Halving (2024)

    Posted: 21 Jan 2022 11:03 AM PST

    Wait, you guys stopped buying?

    Posted: 22 Jan 2022 05:05 AM PST

    Too all of you who's searching for an inexpensive rope and soap on amazon after checking bitcoin price this morning

    Posted: 22 Jan 2022 01:26 AM PST

    Too many people in this sub who still don’t get it

    Posted: 21 Jan 2022 11:43 AM PST

    Bitcoin wasn't made to be another Wall Street instrument, or an "investment" if you will. It was always about making sound money with predictable and fair rules. You don't make money with Bitcoin, because it is "money".

    Just like gold, first people have to believe it's a store of value, then a layer on top of it will be for transactions. There are basically two outcomes for that vision:

    1. It succeeds and Bitcoin becomes the global money system

    2. It fails and goes to zero after successive governments bans and mainstream fud

    You measure which one is more likely by things like the network value, hash rate, adoption, etc.

    Whether it is $44k or $38k or $75k is completely irrelevant. Just like whether Bitcoin was $100 or $400 few years ago is irrelevant today.

    If you don't believe in #1 and want some exposure just in case, just put 1% of your net worth in there and forget it.

    If you fully believe in #1, DCA and Hodl.

    If you want to trade in and out, Bitcoin is terrible for that. At a minimum, you will be paying trading fees and terrible spread. Just open a brokerage account and trade some stock that you feel good about.

    submitted by /u/Vegetable_Study3730
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    Three people arrested in Nepal for using bitcoin. Its illegal in Nepal.

    Posted: 21 Jan 2022 05:35 PM PST

    Bought at 60k and panicking

    Posted: 21 Jan 2022 05:20 AM PST

    ok so I was very new to crypto and a victim of thanksgiving dinner,but I need help should I sell or hold.

    ok guys I'll HODL but I cant afford to buy a lot more rn,ill just be using the DCA strategy 4 now.

    submitted by /u/Learaaa
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    Sell me this dip - make me buy the dip. In one sentence!

    Posted: 21 Jan 2022 10:00 AM PST

    Every Saturday I buy Bitcoin, today is no different.

    Posted: 22 Jan 2022 02:53 AM PST

    It's amazing the peace of mind a DCA strategy can give you in times when the market is dumping. DCA is the finance world's "set it and forget it".

    Do you DCA or do you try to time the market?

    submitted by /u/and-yada-yada-yada-
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    My average is $58k. And I am not selling until 2030. I own more than 1 btc.

    Posted: 21 Jan 2022 08:51 AM PST

    I am just posting this to make others feel better who are panicking. Trust me if you truly understand what BTC is then you won't care about short term price action. Traditionally 2014 and 2018 had negative returns for BTC and chance is 2022 will give negative returns but if you plan to hold for 4 years minimum and ideally 10 years and continue to do DCA monthly or weekly you will be just fine.

    submitted by /u/Impossible-Tap-7820
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    Long Live The Last Bull

    Posted: 21 Jan 2022 05:05 PM PST
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