I think BTC is going to retest the 200 week moving average around $69,000.
If it breaks below that, I’ll increase my daily DCA purchase. If the 20 week MA crosses below the 200 week MA, I’ll increase it even more. Last time that happened was almost 4 years ago in 2022. That was our last opportunity to buy below $20,000. Those days are long gone, but similarly, I think anything under $70,000 is going to become increasingly rare, especially as we approach the next halving.
Obviously past performance doesn’t not indicate future results, but unless you believe that this bear market will do a better job of finally killing Bitcoin than the previous ones, buying at these levels could turn out to be a good idea.
Not financial advice. Just my thoughts.
I will never eliminate the uncertainty of life. Therefore it’s more beneficial to train myself to believe that whatever happens, I will overcome it. Simply because I have managed to overcome everything that has happened so far. That’s my evidence.
I don’t understand why people hate on income investing, yes there are taxes involved for collecting dividends but there are also taxes involved for collecting a salary.
If I tell someone I make an extra $10k per year from dividends they say what about the taxes?
If I tell them I got a $10k raise at work they say congratulations.
I would prefer to own my income and pay taxes, than depend on a job for that income, and still pay taxes.
You will work until you die unless you can find a way to use what little money you may have to buy income generating assets.
Stocks, real estate, crypto, there’s a million opinions out there on which is best. I don’t care what you pick, that’s for your own research. If you’re paralyzed by indecision, start with stocks. It’s not scary to learn new things.
Bottom line: If you do not OWN something that PAYS you, figure out how to change that ASAP.
The loudest haters are the ones with something to lose or something to sell. Of course a guy who cofounded draft kings and now sits on the board of directors for the company is going to go after a disruptive competitor.
It’s pretty obvious they’re all building prediction markets because they see where the money is moving and they’re trying to avoid getting left behind. Why would I place fixed bets in a sportsbook when I can literally just play the market as it stands in any given moment? It’s more fun to trade momentum than to wait around for final outcomes.
It’s just like how Facebook/Instagram made reels to compete with TikTok. If you can’t beat them, join them before your customer base realizes there could be a better alternative.
Maybe it’s just a me thing but I feel like I need a week off of work just to catch up on all the things I need to do, but even if I had a week off, there’s no way I’m wasting that at home doing chores. So when does anyone find the time to do anything?
I really enjoy playing golf, great way to forget about the rest of the world for a few hours. I’ve got a hyperactive mind to begin with, so the few hours of mental silence does me a lot of good.
54 holes on the calendar for the holiday weekend, should be a good one!
I totally understand why people want to achieve financial independence.
The idea of having enough money to live without needing a job is intoxicating.
The problem is too many people are just trying to skip to the good part.
Working on financial independence when you haven’t achieved financial security is like trying to build a house from the top-down, there’s nothing to stand on.
Secure the basics.
1. Build a budget.
2. Establish an emergency fund.
3. Eliminate credit card debt.
There’s no reason to worry about anything else until those things are handled.
The pursuit of financial independence isn’t going anywhere.
I know a lot of people try to make us feel like we’re behind. That we’re going to miss out on our only chance to live happily ever after if we don’t act now (and buy their course).
The truth is we all have our own timelines. Different ages, different priorities, separate journeys.
It’s ok to be where you are, it’s not ok to stay there. Take the steps to secure your foundation, use that foundation to build your dream, and then use your dream to help someone else achieve theirs.
I’m trying to find alignment in my life. I want to find myself at the intersection of what I’m good at, what people will pay for, and what I genuinely enjoy.
I’ve found ways to dance around 1 or 2 of those things, but I have yet to achieve the trifecta. A perfect harmony of passion, purpose and the means to live it out.
That deep down feeling of discontent is my signal that I haven’t found it yet. Even if it takes some time to figure it out, it’s the most worthwhile pursuit I can think of. Even if I never succeed, I owe it to myself to try.
I picked up my max allotment, felt a little dumb for doing so considering how long the wait will be with no real guarantees the demand will be there. However after seeing that a lot of people didn’t buy even 1 let alone their max, I’m hoping there will be an opportunity for a decent flip. I’m still holding sealed comics for the same reason.
It feels like we’re approaching an era of exponentials.
News cycles, AI, fintech, tokenization, personal finance, macroeconomics. The pace at which things are happening is faster than most of us can comprehend. There’s a constant sense of urgency to keep up or fall behind in every area of human life. It feels as if time itself is beginning to blur. I often find myself a bit overwhelmed with it all.
But despite those feelings, I can’t help but think, what a time to be alive. So much opportunity, so many ways it can go right. There is always something new to learn, and it’s never been easier to do so.
Since the opportunities and information are in an infinite supply these days, I want to learn to better manage my finite resources. Time and attention.
There are a million things I can pick up my phone and do, and just as many ways that I can spend my day. But there’s only so much time and so much attention a single person can commit to anything.
So what do you do? The answer can’t be nothing. Exponentials work in both directions. If you’re not getting better, you’re getting worse, because everyone else out there is getting better.
I don’t have any answers at the moment, and I definitely don’t claim to be an expert on anything. I’m just another human screaming into the void of the internet, just to see what might come back.
$25k? Probably not in this economy, but if ETH were to hit $10k+ I bet someone would pull the trigger. Kudos to him though, you’ll never get what you don’t ask for 🤷🏻���️ I use a similar technique in my eBay store, if I want to get $120 for an item I might list it for $150 that way when the best offer for $125 rolls in everyone gets a win. But every now and then the item gets purchased at the higher price, just reminds me to continue to think bigger and avoid those self imposed limiting beliefs.
@T1MLivingston I love to hear that. Also hear me when I say I’m not trying to be yet another voice in your opposition. I agree with some of your points. But I can feel the anguish building in you through the screen. Take care of yourself, enjoy the time with mom!
Does anyone actively keep a journal? If so, please share the where/what/when/why/how you do it.
I’ve kept a very basic bullet journal in a spreadsheet off and on the last several years, but I think I might be interested in changing it up.