again!

Tumbling back down I assume?

Gonna be volatile thru April

Hit an all time high, halves in April, should expect it to dip a little more before then.

What do you mean "halves"?

Like loses half its value?

Similar to stock splitting

Hopefully we are in a sub wave correction with another push to around 95k before halving...Then a major wave 4 correction to about 60k and then big push for wave 5 to 150k area.....

Help me out as I am ignorant about a lot of this stuff

I sold my bitcoin about where it is now, missing the peak by about 3 weeks, after buying it too high several years ago. Made minor profit ( had I been buying a $100 or so every week as my financial advisor suggested I would have been in a lot better position!)

When would one suggest would be the time to buy back in? When it peaked in 2021 around $64k it dropped briefly to the $30k’s then ran up again to around $63k before starting a gradual decline that lasted for 2 years before coming to recent highs.

Is this gonna repeat again? Last time I bought it was just before the second peak after it had dipped and there was talk of a big “run up” to around the $75-$100k mark. Then it went to $17k/a coin

It will until it doesn't. Guessing when it will or won't come back is a fool's errand IMO.

Ignorant on this subject as well. How can a Bitcoin split? Dont people own partials anyway? Can or has gold/silver split?

A Bitcoin is a unit of nothing. After the halving it will be half of a unit of nothing.

Some of us slightly older ones can remember a market crash or two. I remember October 19th 1987 like it was yesterday. I remember folks saying something like “Its all gone.” It wasn’t actually “all” gone, but mostly.

With Bitcoin, since it was units of nothing to start with, after the next crash it will still be nothing, just smaller units of nothing.

I’ve read a lot of financial articles over the years where they refer to market tops as like a bunch of investors in a theatre fire with a small door. Most of the patrons of that theater won’t make it out of the door.

Each stock, ETF, etc. can be considered to be it’s own theatre. Therefore when the Bitcoin Theatre catches fire, when it is all burned down there won’t be a tangible loss because there was nothing tangible to start with. These days after a big fire there will be people on TV saying “It’s all gone.” After the Bitcoin Theater fire Bitcoiners won’t be able to say “It’s all gone” because nothing is lost. It was nothing to start with, so it will still be nothing. I guess they can say nothing is left because nothing from nothing is still nothing.

I was working at Shearson Lehman Hutton downtown Dallas at the time, one of the leading stock brokerage firms, as an assistant, while getting my undergrad at SMU. So I saw "Black Monday" melt down firsthand, a lot was learned from that. 1) What computer base trading can do, that is what drove the crash, computers out of control selling. 2) Unlike the crash of 1929, where investors wanted to buy but didn't have the money because they lost it, Allen Greenspan Chairman of the federal reserve, stepped in and provided liquidity to the markets, lending money to banks/investors wanting to buy at record low prices. My economics professor at the time was VP of Dallas Federal reserve, he loved talking about it. I do believe over time, as we better understand the market, we will see less and less volatility, and risk of a crash is less and less over time as a result.

In regard to bitcoin, I think it has its place as a currency and will be around forever, but that is all it is, a currency, not an investment. It does not generate revenue and profit, it has gone up in value as the market is figuring out its value, but I suspect, long term, it will look like all other currencies (USD to Bitcoin, USD to Euro, USD to Pound Sterling, etc....) which will go up and down and up and down...but pretty much stay flat over time, like all currencies do.

Bitcoin is not a currency.

The coin is used to move currency for buying and selling circumventing the banking system.

The perceived value is what trades for buying and selling the coins. The coin itself is only worth what a buyer is willing to pay.

Bitcoin isn’t splitting. The halving refers to how much bitcoin the miners get for cracking a block. There are huge mining farms that mine bitcoin and the amount they get for each time they crack a block is getting cut in half, which in theory makes it more valuable because it is harder to get.

It's a cryptocurrency, by definition.

Correct…. An encrypted coin that moves currency outside the banking system….

It’s a digital currency. Don’t over think it.

I have read it more than once that the IRS will sooner or later crack down on unreported gains. I know a guy that cashed out of a large sum of Ethereum to pay some bills. I seriously doubt anything was declared. Crazy Elizabeth Warren has mentioned taxation numerous times.