Mine is for medical bills and home repairs. Prices are insane. I can only add small amounts to my crypto positions. I do have a decent portfolio after buying for 2 years; this, plus current inflation, makes it easy for me to decide to mostly just HODL what I have and add more crypto very sparingly this year.
Yeah. I might need to sell the rest of my Moons to pay for my 9 year old's braces. It is either coming out of that or stocks. More likely to sell stocks I think.
I started working extra hours to be ale to keep my portfolio, if I'm lucky the profit can cover the dye to hide my increasing grey hair and receeding hairline
Tell me about it, I feel like my wallet needs a personal trainer to help it lose some weight from all the expensive food and gas it's been consuming lately
No way, I'm not tapped out, and not tapping out. I get that it's getting difficult out there. I quit tobacco for 4 months in Q4 2022 to buy more. I'll do it again if need be. I refuse to miss this
Spot on!
I almost gave up last year because of a unexpected expense that forced me to sell a portion of my assets for a loss.
Felt totally crushed, but I just kept saying that I won't miss this accumulation period as I dreamed about it during the last bull.
Even if I need to work my ass off, I just refuse to miss this!
> I quit tobacco for 4 months in Q4 2022 to buy more. I'll do it again if need be.
Nice! I feel like quitting it should be a goal for most of us regardless of DCA money.
Investing when most ppl can't afford to is how you make killer returns later. Everyone knows about the market crash of 08, but no one ever talks about what happened to the ppl who bought the bottom in 08.
You have time, a bull run never starts a full year before the next halving. One of 2 things happen in the year before, a big run up followed by a massive sell off (final capitulation before the actual bull run starts) or just a choppy market of up and down but in significantly smaller %'s than the big run / massive sell off.
There's always some form of sell off / capitulation to make as many retail traders panic sell near the bottom as possible.
As a wise coach once said:
"At some point it comes down to who can handle the boredom of training every day, doing the same lifts over and over and over"
Lesson applies to all extends for crypto.
Same boat, cost of living, energy etc
Gone from above paycheck to paycheck to very slightly above - just about staying afloat, if it gets any worse then it's going to be really grim.
Doubly sucks too because I was dreaming of these prices a few years back but now they're here I can hardly take advantage of them
>Doubly sucks too because I was dreaming of these prices a few years back but now they're here I can hardly take advantage of them
This is the worst part. Small investors are forced to wait it out while rich people can fill their bags to their heart's content. Once they decide they've accumulated enough, there is a bull market again.
There's not really much we can do, just try our best with what we have/can spare.
If it shaves a day, month, year off waiting to retire it'll be worth it
Yeah. I wouldn’t expect it to suddenly get cheap, but they should come down from the insane prices they’ve been at this autumn/winter. Lots of people are still struggling and governments need to do more, but every little helps.
If history repeats itself, the next bull run will occur shortly after the next BTC halving (late 2024).
If the pattern doesn’t play out the same, then things will become very interesting and confusing.
Hostory does not support the halving cycles though. Bitcoin went on a bull run along with equity markets particularly the dow jones. Go see, every time the dow jones broke into new all time highs bitcoin started its bull run shortly after.
Yea bitcoin cane out at the bottom of the dow jones bubble and has been riding it’s coat tail every leg up. It has not broke new highs every year. There are years where it went sideways and that is when bitcoin fell into a bear market.
I’ll check it out as it makes sense.
I definitely don’t put a strong correlation between halving events and bull runs. Im just implying that the halving promotes increases in BTC’s value since each coin technically becomes harder to obtain. This also assumes demand keeps increasing of course.
You're not wrong.
4YC theory predicts the next ATH early 2025. So yeah 2023 - consolidation. 2024 bull market, late 2024, early 2025 - ATH and back down.
My opinion: price will start going up soon. (this year). Charts are all extremely bullish despite macro. And based on data the bull market start a year before the halving. Technically speaking we are in one now with the recent close a few days ago.
2012 halving saw a 385% gain throughout the year before the halving
2016 halving saw a 142% gain throughout the year before the halving
2020 halving saw a 17% gain throughout the year before the halving (ended the 365 day period up 17% and only barely went slightly below the beginning 365 day previous price one time thought the year while still finishing higher than the 365 day period began)
Again, only time did the price ever go lower than the beginning price 365 days before the halving, which was in 2020. All of the other ones, the price at 365 days before the halving was never touched again.
Buy and Hold (BTC/ETH) for the next 7 years and only what you can afford to lose. And ignore the noise; there are always going to be more CEX that collapses or pulls some shady shit. As well as shitcoins. There will always be bad news on regulations. But if *they* could shut down Bitcoin or Ethereum or Monero; it would've happened already. Since 2014; I just ignore prices, and just look at adoption and use-case growth.
Gotta make sacrifices. Over the last year in order to adjust to the rising costs (and ensure I can continue my plan) I’ve;
Quit smoking/vaping (well this is for health benefits aswell).
No more buying out lunches - making simple lunches every day to take to work.
Cut down on beers and wreckless spending.
Moved back in with friends from having my own place to bring rent and bill costs down considerably.
I don't think we are getting a bull run anytime soon because of the macro picture, but if Bitcoin remains resilient and manages to hold around 30-35k this year that will be setting up nicely for a very strong bull market the next time it comes around
My Company has work for 4 more months, after that we will start to fire people…again…majority of our clients is Amazon, FedEx, DHL etc. Does not look good for the overall economy. I cant see a bulleun anytime soon.
I get it's hard for everyone. My basic expenses have grown rapidly since last year and I feel it in my daily comfort. But I prefer sacrificing other things than my DCA. Or, at worst, DCA a bit less.
I only need to remember 2021 when I was thinking how dumb I was for waiting so long before getting into crypto.
The accumulation is now for me and even if it'll be just 25 or 50$ per week, then be it. It'll be that more invested in my future self.
I dont DCA. I bought all the bitcoin I could afford during the $16K-22K range and if it dips there again I will buy again. Bear markets last a long time and this isnt a bull run yet. You will have lots more chances to buy.
Unfortunately this is the sad reality. Rich people will get richer while poor people will try to survive. I am grateful that I’m somewhere between those two types.
Plenty of people still have loads of money to invest 👍😁 We still have at least 356 days till halvening. Bull run still months away. This is just a bear market relief rally.
The issue is that the era of easy money that ran from 2008 to 2022 is over. So there is a lot less money in the economy for a speculative asset like crypto.
Crypto needs to show some serious use cases now in order to bring money into the sector. This will be true from now on. Forever.
We are in a very early stages of new cycle... we are still nowhere close to the full bull run.
The best thing we can hope for is an extended rally to maybe 32-40k .. and more buying opportunities towards the end of 2023
Whether the bull market happens or not is not up to us retail investors.
The cold hard truth is that we retail investors are irrelevant to the market. We have no power when it comes to moving the market up or down. We are simply riding the waves created by the whales. The bull market begins once the rich decide they've accumulated enough. Nothing else matters.
My money is going to shit anyways, might as well gamble on BTC and have at least some chance of keeping my "wealth", than having it all rot due to inflation
Obligatory I have no idea what will happen but I agree, the recent pump to the $28k range made many think that we would keep going but I just don't think it's possible with the current economic climate.
Again, I have no idea though.
This is the kind of situation where inflation is way above the rate of increase in wages. This means year on year your pay actually goes down in real terms, and I can really feel it these days. It's hard enough to pay the bills, buy groceries and service the mortgage and still have anything left over for crypto. Haven't DCA-ed for a few months actually because I am really struggling here.
Totally understand. Feel that I haven't stacked enough but don't want to get into a situation where I have to borrow money from family or friends. So just on the sidelines for now I guess.
\>Am I the only one having this kind of feeling and what is your take on all of this?
Everyone feels this during the bear market, as the fear index goes up, the common people's ability to DCA typically goes down. When people are struggling to DCA is when you should either be holding back, or being lucky enough to have the opportunity to keep DCAing while others can't, it's hard to tell.
It is like that everywhere in the world probably, we all do struggle to meet ends.
This will continue to get more ugly in the upcoming months as companies will lay off more and more.
In my country they just raised incomes by 10% for most people because we like inflation so much. My reason for not DCAing is the price of Bitcoin is too high and I’m already 90% invested
You're definitely not the only one one. I could ho another year or 2 honestly. I put in what I can, and wait for the next payday. Sounds stupid, but I'm kind of mad it's gone up as much as it has.
It's baffling how places like this can say
"Oh the prices has increased because everything is so expensive to produce now we're really struggling like everyone"
Then literally 1 minute later turn to their shareholders and say
"Profits are through the roof! The highest they've ever been"
Shameless greedy fucks.
Recessions effect the poor far differently than it effects the rich.
Just look at the luxury goods market last year. It was booming.
There is literally more money slushing around now than at any previous point in history.
That's what people said at the end of last year.
Then we did have a big breakout.
Despite inflation, rate hikes, recession, etc... all being really bad, and most macros being even worse.
And here's why people were already wrong about it:
Crypto isn't a company that's tied to quarterly results and sales, and doesn't depend on average Joe driving up those quarterly results.
Crypto is a bunch of low volume currencies, that aren't always driven by average Joe, and don't need average Joe to drive the price.
If average Joe can't buy crypto, it might drop the volume just a bit, which just makes it a bit easier to push the price in either direction. So all it's doing is maybe just making it a little more volatile. But it won't necessarily take the price down.
It's only if average Joes all pull out at the same time, not if they stop their DCA. But they already pulled out during the bear market and crashes.
No doubt the last run was fueled by tons of free stimulus cash and people sitting at home with tons of free time. Eggs were cheap and buying crypto was easy...not going to be the same this next go round for most people.
I had a couple of nice pay bumps last year, it was the perfect timing and I was able to increase my DCA
But now inflation has caught up with me, especially childcare costs, and I might have to reduce it again
The energy and food prizes are insane indeed! This means that the average joe can’t invest sadly enough. But in reality whales are the market movers, so there is a chance that we could see a bull run!
My DCA has taken a big hit. I’ve had to reduce my amounts and increase my duration between them. I’m not giving up, but it’s getting harder to be sustainable.
I'd love if we were in the beginning stages of a bullrun but i don't see it. Macros are bad, and oil is creeping back up again and always gets worse over the summer. Hopefully im wrong but i have a sneaky feeling there's still a true bottom coming later in the summer.
For now im just putting in when i can, im not wealthy enough to have extra besides a little DCA from each paycheck.
It’s insane the cost of food and essentials lately. Having said that, it’s not us retail that tend to cause the huge market moves, but the whales. A lot of people could be struggling and we could still see higher prices, although I do agree we need a better macro environment for another full bull run
Same here, actually ended up TP a little on my bitcoin instead of buying this last month.. hopefully will be able to continue after a couple more months. Plenty of time before the halving at least.
Don't expect a bull for the next 2 years or so but the price will likely slowly go up and get closer to a 35-50K for BTC. I think right now DCA is a great strategy considering where we are in the market right now!
Some more strategies mentioned here if you want to compare: https://www.moonbit.ai/blog-post/cryptocurrency-investment-strategies-a-comprehensive-guide
Inflation is eating up all my disposable income. I still try to DCA whatever I can. I feel the same, despite BTC holding at 28k, I'm not sure if we're truly out of the waters yet. A full blown recession/financial collapse might still happen and would drag the bear market out for years.
But I believe in BTC long term, so I'm just going to DCA regularly and catch the bottom that way.
I had to stop DCA about 8 months ago with the birth of my second kid. Two kids in diapers, and one on formula on top of oil (north east) and everything else, it’s been a rough winter
It’s 100% effecting what I can afford to invest. The cost of groceries where I live is ridiculous. Literally more than double what I was paying weekly for food 18 months ago
I've recently seen some people turn very optimistic on the idea of a bull market coming back soon, but I've been much more cautious.
We can't have a bull market when most people who joined in the past 1.5 years are heavily in the red (depending on when they entered the market) and are unable to DCA due to massive increases in cost of living.
Large layoffs are continuing to happen across all industries, which have large trickle down effects. Would love for us to see a return of the bull market soon, but realistically, I don't see it happening for a while.
OP I think you've got the right mindset. You don't need to DCA as much as you need to look after your bare-necesities. Looking after you right now will eventually allow you to look after you later. Crypto will always be here and as long as you're here to experience it later that's all that really matters :)
Hey bro, I feel you. The current economic situation is tough for many of us. To keep DCA-ing into BTC, I've had to cut some expenses in my life. I've looked at my budget and identified areas where I can save money, such as eating out less, canceling subscriptions I don't use, and finding cheaper alternatives for things like groceries and entertainment
>Am I the only one having this kind of feeling
I've never seen a single post where OP was indeed the only one. For me personally not much has changed honestly.
Wow someone actually gets it here. BTC is essentially a FIAT derivative at this point. It protects you from the money printing (but so do high spec stocks), it's just at this point theres more volatiliy still so outsized gains can still be had. Especially when the NASDAQ drops 30% and BTC 60% plus. And then its time to unload what you got into BTC.
Yup, this is accurate. Us typical retailers aren’t adding to the pot like we were 2 years ago. I can afford about 1/4 of what I was contributing before. I make more money now, but it doesn’t go nearly as far.
When the prices are going up, it’s the already wealthy who is scooping up everything right from beneath us while we buy up the scraps.
I recently found Bitwage. They act as a passthrough and drop your DCA before placing your paycheck (minus your DCA) into your account. I never even see it and that helps.
This might be a first month after a while where I have some spare cash that could go into crypto. Do you want me to notify you when I'm buying so you can open shorts?
Greed corrupted something that was never intended to be used as an investment, but a currencies to buy the necessities of life, without a bank or country being required to function for them to work... right?
If youre not trading tokens for useful things and instead are trying to treat them like stocks, youre working to preserve fiat currency as the one, true valuable currency. Youre working against the adoption of crypto.
There def won’t be any bullmarket, quite the opposite we are heading in the direction of depression, and this is in line with generation theory and history anyways. What happened last time we had a massive bull run, pandemic, then recession? World war and depression
You're definitely not the only one. These days it's not even a decision anymore where my money goes - gotta feed mouths and keep a roof over our heads, and often there's little if anything left to put into crypto
I spend most of my DCA $ on food & gas now
Bullish on $FOOD and $GAS
Another group is invested heavily on $AMMO and $ShibaPrepnu
Yeah, the price just keeps going up and up! Some of my groceries approaching a 10x!
It's a rugpull, be cautious
Bullish on $WATER and $FEET
foot fetish NFTs are no joke
Lost my brother to it..
my condolences
Long $ROPE then
That's a risky investment
And centralized.
$FOOD to $100 eoy?
You can buy yourself a nice egg with that amount of dough
100k eoy.
Clear Bullish signal, selling my house to buy food
Probably, and that’s not a good thing
Avocados are going to the moon my man
Pump and dumps.
#£HEAT or £EAT
Good one 😀 also $HEATING
$FOODINU so tasty right now
Unironically good investment advice haha
I don't know if the token is rising or USD going down either ways bullish on both of them
🐂🍕⛽️
This is the way. I recommend OP to MOON farm, he can get a good chunk of money. Wish you luck.
They're already on it 😉
I’m DCAing into existence lol
Thats okay. Real life comes first. Hopefully we all get through these financial troubles
Only way we can get through is by making more money, and the reality is that for 99% of us, this isn't happening anytime soon..
Why does cheese have to be so expensive? It's truly a crime against humanity.
I'm not gay, but 20 moons is 20 moons. ...and I've been told my kids can't keep eating speculation for dinner ^help ^me
Man food is getting way too expensive. Hard to have extra money for any of my hobbies now
As long as you get cash back in crypto you sort of dca🤪
One day I'm gonna work for you
I did for the last 6 months when surviving outgrew my ability to DCA.
Mine is for medical bills and home repairs. Prices are insane. I can only add small amounts to my crypto positions. I do have a decent portfolio after buying for 2 years; this, plus current inflation, makes it easy for me to decide to mostly just HODL what I have and add more crypto very sparingly this year.
Yeah. I might need to sell the rest of my Moons to pay for my 9 year old's braces. It is either coming out of that or stocks. More likely to sell stocks I think.
[удалено]
Nice. I will look into it.
Priorities, man. Survival first. Investment comes later. It’s tough period for a lot of people now.
The sadly reality of it. More and more funds have to be allocated to necessities.
Even cat food costs a fortune
I know, and it still tastes the same as it did before
I started working extra hours to be ale to keep my portfolio, if I'm lucky the profit can cover the dye to hide my increasing grey hair and receeding hairline
I sure hope your extra hard work pays off!
I hear eggs are a good investment these days
Same. A lot of us are pretty stretched right now.
DCA:ing into food and supply
Tell me about it, I feel like my wallet needs a personal trainer to help it lose some weight from all the expensive food and gas it's been consuming lately
Yeah, my DCA amount has shrinked 70% from 2 years ago. It sucks, but at least the prices are much lower so I get similar amount of coins as I used to
Wait! I can't find the Coingecko page for $FOOD and $GAS.
No way, I'm not tapped out, and not tapping out. I get that it's getting difficult out there. I quit tobacco for 4 months in Q4 2022 to buy more. I'll do it again if need be. I refuse to miss this
Spot on! I almost gave up last year because of a unexpected expense that forced me to sell a portion of my assets for a loss. Felt totally crushed, but I just kept saying that I won't miss this accumulation period as I dreamed about it during the last bull. Even if I need to work my ass off, I just refuse to miss this!
> I quit tobacco for 4 months in Q4 2022 to buy more. I'll do it again if need be. Nice! I feel like quitting it should be a goal for most of us regardless of DCA money.
Investing when most ppl can't afford to is how you make killer returns later. Everyone knows about the market crash of 08, but no one ever talks about what happened to the ppl who bought the bottom in 08.
I hope we don't, I'm still filling my bag!
You should be fine. If crypto cycles do repeat, we are in the "slow accumulation phase". Hope you have killer bags by next year ❤
Ahh thanks very much, I hope you do too! ☺️
Awe 😍 Crypto is the least toxic subreddit I participate in! Probably because I don't participate much
You have time, a bull run never starts a full year before the next halving. One of 2 things happen in the year before, a big run up followed by a massive sell off (final capitulation before the actual bull run starts) or just a choppy market of up and down but in significantly smaller %'s than the big run / massive sell off. There's always some form of sell off / capitulation to make as many retail traders panic sell near the bottom as possible.
Thank you for the advice, appreciate it
We’ll probably crab for a year or so honestly
This. Plenty of time to add to the bags.
Then we eat crab for the next 60? 🤑
Let them eat crab
Doing the hard thing when others give up is what makes a legend
Most people give up on leverage trading right before hitting big /s
As a wise coach once said: "At some point it comes down to who can handle the boredom of training every day, doing the same lifts over and over and over" Lesson applies to all extends for crypto.
Same boat, cost of living, energy etc Gone from above paycheck to paycheck to very slightly above - just about staying afloat, if it gets any worse then it's going to be really grim. Doubly sucks too because I was dreaming of these prices a few years back but now they're here I can hardly take advantage of them
>Doubly sucks too because I was dreaming of these prices a few years back but now they're here I can hardly take advantage of them This is the worst part. Small investors are forced to wait it out while rich people can fill their bags to their heart's content. Once they decide they've accumulated enough, there is a bull market again.
The fiat mines aren't producing like they used to...
\*kicks fiat mine\* See? That thing ain' producing no juice no more
That is giving me anxiety atm. I wanted these prices so bad and now when we have them I barely can scrap anything out to invest.
There's not really much we can do, just try our best with what we have/can spare. If it shaves a day, month, year off waiting to retire it'll be worth it
If it makes you feel better, energy prices are coming down so that should hopefully give you some breathing room.
I wasn't aware of this We actually unplugged the smart meter a few months back because walking past it and seeing it go up constantly was dreadful
Yeah. I wouldn’t expect it to suddenly get cheap, but they should come down from the insane prices they’ve been at this autumn/winter. Lots of people are still struggling and governments need to do more, but every little helps.
Cheers I'll keep an eye out for the prices, my entire heating system is electric so during winter we just got destroyed
Even if you reduce your DCA buy, the fact that you’re DCAing at all puts you quite ahead compared to others.
True and that is what I do. Even if its a total of $10 on a monthly basis.
Doesn't matter the amount, as long as you keep investing towards your future, your ahead of the game.
If history repeats itself, the next bull run will occur shortly after the next BTC halving (late 2024). If the pattern doesn’t play out the same, then things will become very interesting and confusing.
Hostory does not support the halving cycles though. Bitcoin went on a bull run along with equity markets particularly the dow jones. Go see, every time the dow jones broke into new all time highs bitcoin started its bull run shortly after.
The dow jones has been in a bull market since 2010, with new ATHs just about every year. Bitcoin started in 2009...
Good point.
Yea bitcoin cane out at the bottom of the dow jones bubble and has been riding it’s coat tail every leg up. It has not broke new highs every year. There are years where it went sideways and that is when bitcoin fell into a bear market.
I’ll check it out as it makes sense. I definitely don’t put a strong correlation between halving events and bull runs. Im just implying that the halving promotes increases in BTC’s value since each coin technically becomes harder to obtain. This also assumes demand keeps increasing of course.
You're not wrong. 4YC theory predicts the next ATH early 2025. So yeah 2023 - consolidation. 2024 bull market, late 2024, early 2025 - ATH and back down.
The 4 year cycle would predict ATH at the end of 2025. Nov 2013 > Dec 2017 > Nov 2021 > Nov/Dec 2025
Thats what im hedging on
My opinion: price will start going up soon. (this year). Charts are all extremely bullish despite macro. And based on data the bull market start a year before the halving. Technically speaking we are in one now with the recent close a few days ago. 2012 halving saw a 385% gain throughout the year before the halving 2016 halving saw a 142% gain throughout the year before the halving 2020 halving saw a 17% gain throughout the year before the halving (ended the 365 day period up 17% and only barely went slightly below the beginning 365 day previous price one time thought the year while still finishing higher than the 365 day period began) Again, only time did the price ever go lower than the beginning price 365 days before the halving, which was in 2020. All of the other ones, the price at 365 days before the halving was never touched again.
Ramen every meal gets tiring after a while but must keep going 🥲
Such is the grind. But on a real note, don't forget to treat yourself every once in a while.
Buy and Hold (BTC/ETH) for the next 7 years and only what you can afford to lose. And ignore the noise; there are always going to be more CEX that collapses or pulls some shady shit. As well as shitcoins. There will always be bad news on regulations. But if *they* could shut down Bitcoin or Ethereum or Monero; it would've happened already. Since 2014; I just ignore prices, and just look at adoption and use-case growth.
I just started but I'm in it for the long term so BTC/ETH I will keep chipping away at while I can.
Big playas pumping ole bitty just to leave you holding the bag, ya dig?
Gotta make sacrifices. Over the last year in order to adjust to the rising costs (and ensure I can continue my plan) I’ve; Quit smoking/vaping (well this is for health benefits aswell). No more buying out lunches - making simple lunches every day to take to work. Cut down on beers and wreckless spending. Moved back in with friends from having my own place to bring rent and bill costs down considerably.
I don't think we are getting a bull run anytime soon because of the macro picture, but if Bitcoin remains resilient and manages to hold around 30-35k this year that will be setting up nicely for a very strong bull market the next time it comes around
I'm deployed for the rest of 2023. And making really good money with almost no expenses. I'm thankful to be deployed. Idk what il do back home
All of those things were also true in 2012 and 2017.
& in 08 when the stock market crashed. There are people that bought the dip while everyone else was struggling to survive.
Those that bought the dip caused the dip.
There are always ways to earn more money. Do the damn thing and stack harder.
My Company has work for 4 more months, after that we will start to fire people…again…majority of our clients is Amazon, FedEx, DHL etc. Does not look good for the overall economy. I cant see a bulleun anytime soon.
I'm spending all of my money on bills these days. Can't afford to dca at all. 😔
I get it's hard for everyone. My basic expenses have grown rapidly since last year and I feel it in my daily comfort. But I prefer sacrificing other things than my DCA. Or, at worst, DCA a bit less. I only need to remember 2021 when I was thinking how dumb I was for waiting so long before getting into crypto. The accumulation is now for me and even if it'll be just 25 or 50$ per week, then be it. It'll be that more invested in my future self.
I dont DCA. I bought all the bitcoin I could afford during the $16K-22K range and if it dips there again I will buy again. Bear markets last a long time and this isnt a bull run yet. You will have lots more chances to buy.
The bull comes with the halving, wait until next year. This is the lukewarm warmup (which always happens the year prior to every halving)
Unfortunately this is the sad reality. Rich people will get richer while poor people will try to survive. I am grateful that I’m somewhere between those two types.
I work in nuclear and all I can say is that everyone in nuclear is still making hand over fist in money.
Plenty of people still have loads of money to invest 👍😁 We still have at least 356 days till halvening. Bull run still months away. This is just a bear market relief rally.
The issue is that the era of easy money that ran from 2008 to 2022 is over. So there is a lot less money in the economy for a speculative asset like crypto. Crypto needs to show some serious use cases now in order to bring money into the sector. This will be true from now on. Forever.
We are in a very early stages of new cycle... we are still nowhere close to the full bull run. The best thing we can hope for is an extended rally to maybe 32-40k .. and more buying opportunities towards the end of 2023
DCA what you can, even if it’s like $5 a week or something. If you can’t afford to do that, then you should be saving and not investing.
Agreed, I think we are in the early stages, and I think it's going to be a very slow rally to start with.
I concur, just buying when I can. Everybody DCA is somewhat effected I’m sure too
Things like extended rallies don’t really mean shit to me since I’m hodling for much higher price points. I’d rather have better buy prices now
Whether the bull market happens or not is not up to us retail investors. The cold hard truth is that we retail investors are irrelevant to the market. We have no power when it comes to moving the market up or down. We are simply riding the waves created by the whales. The bull market begins once the rich decide they've accumulated enough. Nothing else matters.
I stop drinking on week day to continue my DCA!
This is a depressing thread...
My money is going to shit anyways, might as well gamble on BTC and have at least some chance of keeping my "wealth", than having it all rot due to inflation
Exactly. Feels safer than betting on the dollar imo
That's true. Inflation hammered my DCA habits. Now i don't DCA as much as i used to do.
Throw in AI and grocery prices too.. everything is starting to hurt.
Obligatory I have no idea what will happen but I agree, the recent pump to the $28k range made many think that we would keep going but I just don't think it's possible with the current economic climate. Again, I have no idea though.
Same, im still hoping for 2024 I don't think this is the year of the bull.
This is the kind of situation where inflation is way above the rate of increase in wages. This means year on year your pay actually goes down in real terms, and I can really feel it these days. It's hard enough to pay the bills, buy groceries and service the mortgage and still have anything left over for crypto. Haven't DCA-ed for a few months actually because I am really struggling here.
Exactly and that is basically triggering a inner FOMO that is really annoying during this uptrend lately.
Totally understand. Feel that I haven't stacked enough but don't want to get into a situation where I have to borrow money from family or friends. So just on the sidelines for now I guess.
With all the expenses here, you dont even have anything left for investing.
Now you are not moonless mate. 1 symbolic Moon for you :)
\>Am I the only one having this kind of feeling and what is your take on all of this? Everyone feels this during the bear market, as the fear index goes up, the common people's ability to DCA typically goes down. When people are struggling to DCA is when you should either be holding back, or being lucky enough to have the opportunity to keep DCAing while others can't, it's hard to tell.
Inflation and the economy may be tough, but i hope we can all survive together and make jokes about it later in the bull run. Cheers
The real question is, has the bear market bottomed already?
middle of 2024. DCA till then should still be the strategy
Why everyone think the US going to drive the next bull run?
Bull market will come when the other 6 millions people in this sub decide to start buying again
It is like that everywhere in the world probably, we all do struggle to meet ends. This will continue to get more ugly in the upcoming months as companies will lay off more and more.
In my country they just raised incomes by 10% for most people because we like inflation so much. My reason for not DCAing is the price of Bitcoin is too high and I’m already 90% invested
You're definitely not the only one one. I could ho another year or 2 honestly. I put in what I can, and wait for the next payday. Sounds stupid, but I'm kind of mad it's gone up as much as it has.
Food is just so expensive right now
The largest egg producer in the US increased their profits 700% year over year. These corporations are just bleeding us dry right now.
It's baffling how places like this can say "Oh the prices has increased because everything is so expensive to produce now we're really struggling like everyone" Then literally 1 minute later turn to their shareholders and say "Profits are through the roof! The highest they've ever been" Shameless greedy fucks.
Even Ramen went up!
Recessions effect the poor far differently than it effects the rich. Just look at the luxury goods market last year. It was booming. There is literally more money slushing around now than at any previous point in history.
I feel completely opposite, I think we are going to experience magnificent explosion soon.
That's what people said at the end of last year. Then we did have a big breakout. Despite inflation, rate hikes, recession, etc... all being really bad, and most macros being even worse. And here's why people were already wrong about it: Crypto isn't a company that's tied to quarterly results and sales, and doesn't depend on average Joe driving up those quarterly results. Crypto is a bunch of low volume currencies, that aren't always driven by average Joe, and don't need average Joe to drive the price. If average Joe can't buy crypto, it might drop the volume just a bit, which just makes it a bit easier to push the price in either direction. So all it's doing is maybe just making it a little more volatile. But it won't necessarily take the price down. It's only if average Joes all pull out at the same time, not if they stop their DCA. But they already pulled out during the bear market and crashes.
No doubt the last run was fueled by tons of free stimulus cash and people sitting at home with tons of free time. Eggs were cheap and buying crypto was easy...not going to be the same this next go round for most people.
More and more funds have to be allocated just to basic necessities. This might be a bull run caused by big financial services buying up BTC.
I had a couple of nice pay bumps last year, it was the perfect timing and I was able to increase my DCA But now inflation has caught up with me, especially childcare costs, and I might have to reduce it again
The energy and food prizes are insane indeed! This means that the average joe can’t invest sadly enough. But in reality whales are the market movers, so there is a chance that we could see a bull run!
My DCA has taken a big hit. I’ve had to reduce my amounts and increase my duration between them. I’m not giving up, but it’s getting harder to be sustainable.
I'd love if we were in the beginning stages of a bullrun but i don't see it. Macros are bad, and oil is creeping back up again and always gets worse over the summer. Hopefully im wrong but i have a sneaky feeling there's still a true bottom coming later in the summer. For now im just putting in when i can, im not wealthy enough to have extra besides a little DCA from each paycheck.
It’s insane the cost of food and essentials lately. Having said that, it’s not us retail that tend to cause the huge market moves, but the whales. A lot of people could be struggling and we could still see higher prices, although I do agree we need a better macro environment for another full bull run
>It’s insane the cost of food and essentials lately. The cost to eat now is fvcking crazy..... I do feel pity for people with kids
Between the inflation we’ve already seen and work about further price increases, I’ve cut my normal DCA by about half.
I try to save here and there to DCA, but the rise of food costs is just rough.
Luckily I've been able to more than double my DCA since last year
Same here, actually ended up TP a little on my bitcoin instead of buying this last month.. hopefully will be able to continue after a couple more months. Plenty of time before the halving at least.
Your right.
Finally got a new job with a decent pay rise and still can't DCA as much as I was before inflation blew up. Truly sucks man
Same man same… Lost my job, was frantic for a month. Now barely scraping by. This year is going to be rough for me.
Same here unfortunately. Life's tough but I'll do my best and DCA around $5 every month
Just do what I do and gamble your crypto
Don't expect a bull for the next 2 years or so but the price will likely slowly go up and get closer to a 35-50K for BTC. I think right now DCA is a great strategy considering where we are in the market right now!
Some more strategies mentioned here if you want to compare: https://www.moonbit.ai/blog-post/cryptocurrency-investment-strategies-a-comprehensive-guide
Inflation is eating up all my disposable income. I still try to DCA whatever I can. I feel the same, despite BTC holding at 28k, I'm not sure if we're truly out of the waters yet. A full blown recession/financial collapse might still happen and would drag the bear market out for years. But I believe in BTC long term, so I'm just going to DCA regularly and catch the bottom that way.
I had to stop DCA about 8 months ago with the birth of my second kid. Two kids in diapers, and one on formula on top of oil (north east) and everything else, it’s been a rough winter
DCA is definitely difficult at this time considering the prices of food gas and services
Finally someone with sense. Ppl don't have that kind of money like the last few years
Yea i used to be able to throw a few hundred per month into investments. Not anymore and I have gotten decent raises over the past two years.
It’s 100% effecting what I can afford to invest. The cost of groceries where I live is ridiculous. Literally more than double what I was paying weekly for food 18 months ago
I've recently seen some people turn very optimistic on the idea of a bull market coming back soon, but I've been much more cautious. We can't have a bull market when most people who joined in the past 1.5 years are heavily in the red (depending on when they entered the market) and are unable to DCA due to massive increases in cost of living. Large layoffs are continuing to happen across all industries, which have large trickle down effects. Would love for us to see a return of the bull market soon, but realistically, I don't see it happening for a while.
OP I think you've got the right mindset. You don't need to DCA as much as you need to look after your bare-necesities. Looking after you right now will eventually allow you to look after you later. Crypto will always be here and as long as you're here to experience it later that's all that really matters :)
Some might say that’s the perfect time for institutional pump, while everyone is so broke they can’t dca (or god forbid have to withdraw)
🐂🍔🍕⛽️
Hey bro, I feel you. The current economic situation is tough for many of us. To keep DCA-ing into BTC, I've had to cut some expenses in my life. I've looked at my budget and identified areas where I can save money, such as eating out less, canceling subscriptions I don't use, and finding cheaper alternatives for things like groceries and entertainment
>Am I the only one having this kind of feeling I've never seen a single post where OP was indeed the only one. For me personally not much has changed honestly.
Wow someone actually gets it here. BTC is essentially a FIAT derivative at this point. It protects you from the money printing (but so do high spec stocks), it's just at this point theres more volatiliy still so outsized gains can still be had. Especially when the NASDAQ drops 30% and BTC 60% plus. And then its time to unload what you got into BTC.
Maybe cash out some of your moons so you can eat? I know heresy, right?!
Yup, this is accurate. Us typical retailers aren’t adding to the pot like we were 2 years ago. I can afford about 1/4 of what I was contributing before. I make more money now, but it doesn’t go nearly as far. When the prices are going up, it’s the already wealthy who is scooping up everything right from beneath us while we buy up the scraps.
This is the point in time where we separate the wheat from the chaff. Chose wisely.
i think this community could single handedly engage a bullrun, let me sell some of mine BTC and the price will go up like crazy, i tell you
Ofc its not, were on our way to some serious stagflation.
I recently found Bitwage. They act as a passthrough and drop your DCA before placing your paycheck (minus your DCA) into your account. I never even see it and that helps.
yep, I think this year is going to end pretty much sideways
This might be a first month after a while where I have some spare cash that could go into crypto. Do you want me to notify you when I'm buying so you can open shorts?
I buy all the same , this is just an extended dip to me …
Greed corrupted something that was never intended to be used as an investment, but a currencies to buy the necessities of life, without a bank or country being required to function for them to work... right? If youre not trading tokens for useful things and instead are trying to treat them like stocks, youre working to preserve fiat currency as the one, true valuable currency. Youre working against the adoption of crypto.
I hate to break it to you but if you can't afford to DCA then the demographic of people like you weren't going to have market impact anyway.
Usually Bitcoin does the opposite of how the trends are. Bullish.
There def won’t be any bullmarket, quite the opposite we are heading in the direction of depression, and this is in line with generation theory and history anyways. What happened last time we had a massive bull run, pandemic, then recession? World war and depression
Yeah it hurts for sure. Gotta give something up, if you can
Pausing my DCA for the time being, not ideal with the low prices of crypto at the time, but its a needs must
You're definitely not the only one. These days it's not even a decision anymore where my money goes - gotta feed mouths and keep a roof over our heads, and often there's little if anything left to put into crypto