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Posted
1 hour ago, Nevrknow said:

Not if you bounce your IP from your burner laptop 9 times and funnel it into a shell corp with HQ's attached to an over sea bank which deposits into a numbered swiss account.

Ummm, so I read somewhere.

I thought the whole idea of Bitcoin was to remain anonymous. But the burner laptop idea works. Thanks for the tip. 😁

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I don’t invest in nonsense like Bitcoin. I’ve got all my money tied up in Upmann futures 

I'm shocked that a non-productive, speculative asset based on 1970s technology that has no uses outside of pyramid schemes and money laundering could collapse at the first sign of a recession.

Crypto is a fool's game. Buy shares in Vanderlay Industries. Latex is the way to go.

Posted
On 2/2/2026 at 3:22 PM, Gubbins said:

Time to start thinking about deploying the dry powder. I will start DCA’ing in around 70-65k. See if we can re-roll and get a 2 or 3x in the next 12 months.

I'm expecting the bottom to be in the same area but when it gets there it will likely be accompanied by a massive fear narrative and everyone will be calling for it to go lower. That is typical for bottoms. I remember last cycle bottom everyone was calling for 12k after the FTX crash. 12k never came and these who waited missed precious dca time.

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Posted

It's getting interesting. I'm hearing the ETFs have not seen massive outflows. Much of the selling coming from long term holdings. This is a pretty sharp graph, but it's got nothing on some of my stock picks. I've no ideas where this is heading in the short term. I'll think about DCA from next week I guess let's see where it's moving. We're still on a 64k$ unit from a decent holding last year. 

Might be worth buying a bitcoin miner heater!

Screenshot_20260205-232811.png.a69ad51630473225869d11444132ad46.png

 

 

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Posted

I feel like we still have more room to the bottom from here before it trades sideways for a while. Where the bottom actually lands is anyone’s guess.

Posted
17 hours ago, chasy said:

“Only losers average losers” - Paul Tudor Jones

"Be fearful when others are greedy and greedy when others are fearful" - WB. (Caveat ... "high-quality assets" ...)

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Posted

I honestly love how all advice generally cancels each other out. As seen above.

“Slow and steady wins the race” or “gotta strike while the iron’s hot”

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Posted

I started injecting some of my cash reserves when btc was in the low 65k. I'm still looking for a potential liquidation taking it lower and I'm surprised there was no fear narrative with this capitulation move. Maybe one will come if there is a liquidation. Either way, I'm looking for a confirmed bottom soon to start dca with the rest of my reserves. These are definitely interesting levels for btc and some altcoins.

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Posted
43 minutes ago, JoeyBones777 said:

I started injecting some of my cash reserves when btc was in the low 65k. I'm still looking for a potential liquidation taking it lower and I'm surprised there was no fear narrative with this capitulation move. Maybe one will come if there is a liquidation. Either way, I'm looking for a confirmed bottom soon to start dca with the rest of my reserves. These are definitely interesting levels for btc and some altcoins.

For me, anything under 70K is worth the spare change if you want to put in BTC.  It'll be back to 100K at minimum by summer.

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Posted
12 hours ago, Hammer Smokin' said:

Minimum. I mean, why not $200K? $500K? A Billion?

As long as USD is the world's reserve currency and it's backed by debt, they just won't stop printing money, so eventually Bitcoin could be worth a billion per coin, it's just that a billion dollars wouldn't be worth what it is today.

14 hours ago, BrightonCorgi said:

For me, anything under 70K is worth the spare change if you want to put in BTC.  It'll be back to 100K at minimum by summer.

If you watch Benji's video, he's suspecting we either bottom in May or in October. We've got at least 12 months of bear before the bull shall return.

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Posted
56 minutes ago, sbsbsb1 said:

Is there any disadvantage to making it easy and just buying into an ETF that holds actual Bitcoin?

There are a few fundamental differences. 

Not as many people have access to a BTC etf, we don't in the UK. You don't have access to the underlying BTC so you can't transfer BTC anywhere. If I could buy ibit in the CGT shield of an ISA over here I would. Not your keys not your BTC if you buy into that pillar. No hardware or keys to worry about makes it a lot simpler to hold. There are fees to holding an etf.

I think a lot more BTC is held by tradfi investment than was expected by this stage. 

Posted
12 minutes ago, ha_banos said:

There are a few fundamental differences. 

Not as many people have access to a BTC etf, we don't in the UK. You don't have access to the underlying BTC so you can't transfer BTC anywhere. If I could buy ibit in the CGT shield of an ISA over here I would. Not your keys not your BTC if you buy into that pillar. No hardware or keys to worry about makes it a lot simpler to hold. There are fees to holding an etf.

I think a lot more BTC is held by tradfi investment than was expected by this stage. 

Thanks for this response....so fundamental differences, but do they translate largely into disadvantages or advantages with regard to the ETF?  I'm pretty new to this stuff and don't really understand the whole digital wallet/keys, etc concept, so I'm thinking ETF is the way to go if I want to buy in during this dip?

Posted

Using an exchange to buy, sell, and safely hold bitcoin is common and not difficult.  Coinbase, Gemini, Kraken, and other platforms are easy to fund with US dollar or your favorite national currency and trade.  As for safety and wallet management, I leave it up to Gemini - nearly all customer holdings are kept in wallets in what's called cold storage, which is not accessible through the internet.  I've been using it for over 7 years now without any issue - note that I do not 'lend out' my crypto in order to receive interest payments, as this has on a few rare occasions made the crypto involved vulnerable to hacking.

ETFs are a fine way to go, too, but you'll have to pony up their annual management fees, and sometimes the buying to selling of its shares imbalances to where the price of the ETF is above the value of the crypto that it holds.

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