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How I justify purchasing above $1,000 (self.Bitcoin)

spoonfednonsense が 投稿

When nearing an ATH of any commodity or stock, I always get nervous about buying the top, and having to watch as my money is continually worth less.

So far my experience with Bitcoin is just the opposite,.

Now that Bitcoin is once again near it's ATH, I begin to have to justify my purchases in my mind. I spend extra cash that I do not put in the bank, and instead would be spending on food/drinks/experiences.

But I have eaten a lot of food, drank many drinks, and experienced plenty.

Today I was going to go snowboarding with a friend. But my friend cancelled because he was sick.

Lift tickets ~$90 Gas ~$5 Lunch/Dinner Out ~$15-40

~$110-145

Instead, I will now purchase some $100 in BTC and a steak/wine combo dinner.

So now I can comfortably go to my local ATM, and purchase BTC at a 10% premium, without feeling mentally guilty.

To Infinity and Beyond!

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トップ新着論争中古い順Q&A

[–]Dax_Bearredditor for 1 month [スコア非表示]  (4子コメント)

A likely rejected ETF application could drop BTC below the $1k ... no?

[–]Bitcoin-FTW [スコア非表示]  (0子コメント)

Any number of things could drop the price below $1k. I would even argue right now that if nothing at all happened in the bitcoin space over the next couple weeks, we could flirt with $900-$950 again just to test our lower bound of this range.

That doesn't mean buying at $1000 is a bad idea though. At least not if you aren't planning to sell anytime too soon.

[–]cqv [スコア非表示]  (1子コメント)

When it is so likely to get rejected, how would it have a big impact when it gets actually rejected?

[–]Dax_Bearredditor for 1 month [スコア非表示]  (0子コメント)

I suspect ... those speculating on ETF success withdrawing for speculating elsewhere, along with other's profit taking.

[–]dellintelbitcoin [スコア非表示]  (0子コメント)

The question is wether bitcoin price is driven by speculators or by actual demand. By actual demand i mean people who buy and use it, and dont just hold it because they think the price will go up. If bitcoin is more a speculative asset, then a ETF no could be devastating. But if bitcoin is used for something, and thats what driving the price, then a ETF no wont affect price much :P Thats what im thinking.

[–]jackcoolds [スコア非表示]  (1子コメント)

Buying from ATM is not smart, your losing money from fees

[–]spoonfednonsense[S] [スコア非表示]  (0子コメント)

I only use cash I cannot place in the bank.

Also it's KYC free.

[–]moleccc [スコア非表示]  (0子コメント)

and old ATH has always been a good time to buy BTC, historically.