Bitcoins - about to hit $5,000 per coin today!

[unwieldy]

Losing tons of money in alts drove me nearly to suicide

[Flexacon]

I don't have a sell price target. Only a buy price target. I will start my buys at 75k

My 75k buys hit. Send it back to ATH 

[gib]

Losing tons of money in alts drove me nearly to suicide

Damn, that is sad to hear. I had a friend who had 10m in alts last cycle peak, which fell to around 630K at its low point. He was also, super depressed and considered suicide - even went to counselling. (He made it all back, and then some, doing some crazy and lucky trades). I sympathize as I saw what he went through. It impacted him seriously for around 2 years until be bounced back.

Look, if you truly have conviction, like Obsidian with ETH etc, then you hold, and be prepared to go down with the ship. But if you don't really know what you bought in the first place, Fartcoin, doggie coin, kitty coin, trump coin, or whatever bullshit scam coin - I think you either entirely mentally write it all off, and mentally move on. Or, you be done with it, rip the bandaid off, put all into BTC, and then just DCA into BTC every month from now onwards...

Suicide is never the solution. Reach out to a friend and talk this through. The is more to life than alt tokens, and you can always re-start the wealth accumulation journey (and of course you can't do that if you are no longer here with us).

[unwieldy]

Damn, that is sad to hear. I had a friend who had 10m in alts last cycle peak, which fell to around 630K at its low point. He was also, super depressed and considered suicide - even went to counselling. (He made it all back, and then some, doing some crazy and lucky trades). I sympathize as I saw what he went through. It impacted him seriously for around 2 years until be bounced back.

Look, if you truly have conviction, like Obsidian with ETH etc, then you hold, and be prepared to go down with the ship. But if you don't really know what you bought in the first place, Fartcoin, doggie coin, kitty coin, trump coin, or whatever bullshit scam coin - I think you either entirely mentally write it all off, and mentally move on. Or, you be done with it, rip the bandaid off, put all into BTC, and then just DCA into BTC every month from now onwards...

Suicide is never the solution. Reach out to a friend and talk this through. The is more to life than alt tokens, and you can always re-start the wealth accumulation journey (and of course you can't do that if you are no longer here with us).

They are too far gone (the alts). Hoping for a miracle pump on one of them for which an order is open long term, the rest of them are fucked and long gone. Just holding my 1 BTC and praying it will one day cancel out my huge losses. That's my plan.

I appreciate your concern, but don't worry those deep valleys are far behind me, I did manage to stay above water and not lose my home. And everything is well now cashflow wise to survive further (assuming ai layoffs dont wipe me out within 10 years). Just very huge regrets I try not to think about everyday.

[gib]

Just holding my 1 BTC and praying it will one day cancel out my huge losses. That's my plan.

Hodl for life. You are in a unique position with being a wholecoiner. That will, over time, put you in a very unique and powerful position. Will take time, and will be ups and downs along the way. But if you could look 10 years into the future, you will be thanking your past self from back in 2026...

[loco]

[loco]

While precious metals have seen wild swings, bitcoin — once pitched as a form of “digital gold” and considered an alternative store of value — has languished this year amid heightened geopolitical uncertainty. The world’s largest cryptocurrency by market value is down roughly 10% this year, struggling to gain traction after closing slightly in the red for 2025.

https://www.yahoo.com/finance/news/precious-metals-swing-bitcoin-tumbles-153119945.html

[Flexacon]

While precious metals have seen wild swings, bitcoin — once pitched as a form of “digital gold” and considered an alternative store of value — has languished this year amid heightened geopolitical uncertainty. The world’s largest cryptocurrency by market value is down roughly 10% this year, struggling to gain traction after closing slightly in the red for 2025.

https://www.yahoo.com/finance/news/precious-metals-swing-bitcoin-tumbles-153119945.html

Bitcoin narratives are just, narratives. Bitcoin has been moving in 4 year cycles, so looking at how it performed in just 2025 is pointless.

Also bitcoin under performing other asset classes during certain periods is a feature not a bug. The bitcoin bear market is what leads to huge over performance when things turn more bullish (after leverage is wiped out and liquidity enters the system) Being able to take advantage of that and buy during bitcoin bear markets is the easiest free money glitch out there.

[Brenda Steunbeer]

Some publicly traded companies companies have bought billions of such fantasy "coins". When the decline continues, it can spiral out of hand.
Often there also is borrowed money involved, lots of it. Banks can get very nervous when values keep dropping and they demand more collateral.
If that's not possible digital "coins" will have to be sold, increasing the losses.
Which can result in more sell orders, etc etc

Only bitcoin might imo be worth the gamble, but only after a severe crash.
And never use borrowed money to buy crypto.

(Forget about all altcoins, they are even more crap and 99% will go down the toilet)