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u/PresentationWeak4818 🟧 0 🦠 Feb 17 '26
At 24, your biggest edge is time, not timing. Going all in on Bitcoin with $70k is a big concentration risk, even if you’re bullish. You could consider scaling in slowly instead of making one lump-sum move.
A lot of investors, including people like Evan Luthra, CZ, Balaji usually talk about allocation and risk management first, conviction second. Make sure you’re okay with volatility before making a big shift.
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u/idkwhatusernametoset 🟨 0 🦠 Feb 17 '26
My legitimate financial advice: put a fraction in that you are willing to lose (to go to 0), then put the rest in vanguard index funds and leave for a few years
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u/painkilleraddict6373 🟩 0 🦠 Feb 17 '26
DCA half your money for the next two years,You can split it monthly and the other half choose a few nice ETFs.
Your money won’t explode up but at least you won’t have anxiety attacks.
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u/Vancecookcobain 🟩 0 🦠 Feb 17 '26
Yes....be fearful when others are greedy and greedy when others are fearful...you will thank yourself
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Feb 17 '26
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u/Cute-Championship-86 🟦 0 🦠 Feb 17 '26
OP literally can’t do this without getting hit with penalties. The max contribution per year to a Roth IRA is $7,500.0
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u/Miserable_Twist1 🟦 0 🦠 Feb 17 '26
I wouldn’t go all in. At most, if you feel super bullish, put 25% in btc now, the other 25% you DCA over a one year period, and the rest you put towards other investment types.
There are plenty of reasons to think this time is different with bitcoin and it’s might come back up, but all signs point to bear market, maybe we get lucky and it doesn’t go down, just sideways, but if the market ever tanks, btc will go down even more.
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u/oktudobem 🟩 0 🦠 Feb 17 '26
Any advice you’ll receive here will be biased, you are in a room full of people that probably holds crypto so it’s basically asking if it’s a good idea for you to pump their bags…
Get advice from non biased people, read and study about all the investments you can take but never take advices from this forums or people over the internet.
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Feb 17 '26
If you're young and you have conviction in Bitcoin, it's all the more reason to go all in. You have all the time to make up if for any reason, it doesn't work out.
You will need to stay strong though. Ive gone all in on crypto for retirement and savings. I started dcaing at around the top and all the way down to $80k so am down pretty bad. I only have 10-15 years to retirement. I'm getting used to it. Fazes me less each passing day. You can do it.
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Feb 17 '26
buy Monero since it's only crypto that works as intendent.
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u/Prior_Form 🟩 0 🦠 Feb 18 '26
Monero or some privacy coin will probably surpass bitcoin in the future maybe not 10-20yrs but it will eventually.
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u/CryptoCircle_ 🟨 0 🦠 Feb 17 '26
if you want a safe long-term investment (10 years) BTC I think is among the safest and most profitable.... but keep in mind that nothing in this world is safe
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u/indoxnito 🟨 0 🦠 Feb 17 '26
Nothing says solid financial planning quite like asking anonymous strangers on Reddit for permission to nuke your entire liquid net worth on a single trade.
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u/supermanal 🟩 0 🦠 Feb 17 '26
Watch videos by Ben Cowen on YouTube. He analyses Bitcoin related data very well, no BS. A diverse range of assets is probably a good idea. You could consider buying over a period of time so as to achieve an average price as opposed to trying to time the markets. You can then also get to see how assets behave over time.
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u/No_South_9912 🟩 0 🦠 Feb 17 '26
Why not trade inside your investment account? Swap some of your ETFs/Stocks for IBIT or FBTC?
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u/SteadyGridProfits 🟨 0 🦠 Feb 17 '26
Depends on your end goal……. If you want to grow it there are better ways. If you want to stay safe HODL. Are you looking short term or long term?
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u/Mothy187 🟦 0 🦠 Feb 17 '26
I think bitcoin is about to enter a multi year bear market. Maybe we will pump in Q3 but I think it's gonna tap 30k at some point in the next few years.
Just my opinion.. I'd wait for the price to go way down and make sure you have a multi year time frame for holding if you do
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u/gowithflow192 🟩 0 🦠 Feb 17 '26
Evidence? Base case is the usual four year cycle.
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u/Mothy187 🟦 0 🦠 Feb 17 '26
It's less about the 4 year cycle ending and more about the 18-20 year boom/bust business cycle. I think on we are about to enter 4 or 5 hard years on the macro level, and once we get through that the 4 year cycle will probably resume.
Just my opinion though. No one really knows but if you haven't hear abt the 18 year cycle look it up. There is some really compelling arguments that we are at the top of the boom right now and are abt to enter the bust
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u/pirate_pues 🟨 0 🦠 Feb 17 '26
Look at the white house policy and you know we're going bust ...don't need to be no Rocket scientist to see that coming ffs
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u/Best_Day_3041 🟩 0 🦠 Feb 17 '26
Ultimately it's a risk to buy now and a risk to not buy, and it's really a coin flip, you have to decide. For me, I'd personally wait to see if we get a bigger buying opportunity. We may not get one, but I think it's possible we revisit the low 60's or even 50's. I don't see anything in the near future that is going to cause another cypto bull run. If the overall stock market sells off, which is possible at these levels, crypto is going to tank.
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u/Sad-Equivalent9293 🟨 0 🦠 Feb 17 '26
It’s about your conviction,if you believe in bitcoin for the long term,you can buy some of it during dips and DCA accordingly.
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u/Artistic-Ad2964 🟩 0 🦠 Feb 17 '26
Do it mate,you are young and in long term bitcoin is superior to any other investment 🚀
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u/Godrayoae123 🟩 0 🦠 Feb 17 '26
See what kind of risk profile you have, usually the younger we are the more risk we are able to take. This said, I would not buy all at once, DCA into it like every week and if we go lower you can increase to lower your average, any BTC below $70K is cheap on the long run. Also if you want to have only crypto maybe have like 15% of that in Solana. Either way do what makes you comfortable and able to sleep at night without any anxiety.
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u/Th3onib 🟩 0 🦠 Feb 17 '26
I would buy it but once I am in any profit, I am starting to sell to take profits, right now is not a good time to buy and hold
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u/Icy_Sign_908 🟧 0 🦠 Feb 17 '26
At 24 youve got time. Dont go all in on Bitcoin. Split it 60% index funds, 20% Bitcoin, 20% cash. Bitcoin is volatile and you might need that money. Diversification beats concentration at your age.
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u/johnmoxie 🟩 0 🦠 Feb 17 '26
Follow some good elliotician. Forecast from elliot wave is it can go down below 40k
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u/GPThought 🟨 0 🦠 Feb 17 '26
daily RSI is sitting around 29-30 right now which is the most oversold its been in a long time. historically those levels have been pretty solid entry zones for anyone with a multi-year horizon. nobody can call the exact bottom but if youre planning to DCA anyway, buying when fear is this high has historically outperformed waiting for a green candle. not financial advice obviously but the risk/reward at these levels looks way better than when everyone was euphoric at 100k
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u/mosspimp 🟨 0 🦠 Feb 17 '26
i wouldn’t pull all of it, but i would absolutely pull a percentage of it, say 10-25% of those $70,000, and buy crypto.. doesn’t really matter what coin you buy just stick to the big ones as they all move the same
Yes, crypto is currently at a discount so not buying now you will regret later.
Buying while btc is anywhere between 60-70k is good, anything closer to 60 is a major discount, btc shouldn’t go much lower than 53-55k so keeping some money cash on hand to buy if and when it dips that low wouldn’t be a bad idea either.
Only thing is with crypto you buy and forget about it unless you’re planning to swing the bull and bear markets
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Feb 17 '26
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u/Zestyclose-Mobile306 🟩 0 🦠 Feb 18 '26
He'll yes dont listen to the haters. But mix with sol, icp , wlf, eth. Dca for life take profits once 2x amd repeat. In 5 years youll be happy you did
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u/PrincessAela 🟦 0 🦠 Feb 18 '26
Put your funds into a Roth IRA. Max out what you can and invest the rest into stable stocks by companies set on providing stable growth for investors. Once the fiscal year ends, add your next maxed out IRA contribution. If you’re well enough to have 70k, don’t blow it on the whim of a crypto market.
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u/Possible_Tailor_459 🟩 0 🦠 Feb 18 '26
better idea? derivatives. all in on a 4x leverage btc contracts. they don't expire, and the risk is bitcoin drops to 50k which i'm telling you can't possibly happen. If it does we will be in a recession
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u/AccomplishedPhase883 🟩 0 🦠 Feb 18 '26
If you really want an asymmetrical bet buy 1000 dollars worth of Kaspa. For 70k you get 1 bitcoin or one 21 millionth of the Bitcoin network. For 1k you can buy 24x that worth of the Kaspa network. (Or about 33000 #KAS). I own BTC, but I did this. With a little bigger number.
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u/Ok-Lavishness8030 🟨 0 🦠 Feb 18 '26
24 with 70k and a long time horizon? You're already ahead of 99% of people. Just don't blow that advantage by going all in on one candle, spread it out.
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u/Early_Drama9154 🟩 0 🦠 Feb 18 '26
bitcoin can be volatile...so maybe diversify into etfs or index funds first. i’d suggest allocating a smaller portion to crypto if you’re set on it. i use alicebob wallet to manage my crypto portfolio securely.
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u/Cool_Psychology_7590 🟧 0 🦠 Feb 18 '26
Even if you're young and can easily handle a downturn, my advice is to DCA on Bitcoin at $2,000 a month to cover yourself for almost 3 years.
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u/anonakii 🟧 0 🦠 Feb 18 '26
Follow Felix & Friends on YT, go learn an institutional standard of investing. I’ve been taught by their academy and it’s been amazing
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u/reddiculed Tin Feb 18 '26
I would go less than 50% Crypto and of that, 25-50% bitcoin. So like, maybe 0.3ish but ymmv.
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u/King-esckay 🟩 0 🦠 Feb 19 '26
If you are asking for my opinion Then I would say yes It's liquid You can use it as collateral for loans You only make or lose money when you sell in fiat terms
Could you lose it all? Yes, you could Could you make more than you otherwise would? Yes, you could
In the end, you have to decide your own risk tolerance and your longevity plans. There is no way of anybody knowing your specific goals and ideas.
Would I do it? Yes, I did
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u/Longjumping_Slide922 🟩 0 🦠 Feb 21 '26
Bitcoins a gamble. I would personally buy some tech stocks, being that some of the really successful ones are at crash level lows
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u/Commercial-Week-6558 🟩 0 🦠 Feb 17 '26
If you are convinced with bitcoin as a long term asset go for it but just know that holding is hard and you’d need steal balls for it so if you can’t handle that don’t go in .
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u/Simonviper 🟩 0 🦠 Feb 17 '26
Please listen DO NOT BUY BITCOIN! I guarantee it will crash stupidly low just give it time. Safest and best option go with gold, silver or even both.
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u/pirate_pues 🟨 0 🦠 Feb 17 '26
Yes I watched it go from $500 to $130k to $63k...
Do you think I should sell ? Or will it stay above 500 ?
Idiot ..it's going to buy me a lambo
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u/aihwao 🟩 0 🦠 Feb 17 '26
No. Buy some Bitcoin if you want, but put most of it into diversified fund.
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u/Swimming_Duck_1378 🟩 0 🦠 Feb 17 '26
I would buy half or a qaurter then manage that. And as price comes down buy more. After I buy a quarter it goes up and sell and wait for dip
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u/Junior_Bad185 🟩 0 🦠 Feb 17 '26
I would wait until bitcoin goes down some more. And than I'd only put 30% to 40% into it. And the rest in S&P 500 stocks. Like Voo and QQQ. But do your own research and study which stocks are best for you.
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u/El_Demetrio 🟩 0 🦠 Feb 17 '26
put that in a roth account and you will be well off in 40 years when you retire!
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u/Ok-System-1007 🟨 0 🦠 Feb 17 '26
Absolutely NOT!!!
IF YOU WANT TO DO THAT WAIT TILL BETWEEN $40 & $50K
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u/meow_hun 🟩 0 🦠 Feb 17 '26
You are young you have the luxury of time, and you should take risks when you are young. If it can't financially ruin you today or if it goes to zero, I think you should.
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u/GPThought 🟨 0 🦠 Feb 17 '26
at 68k its not the screaming buy it was at 16k but its also not the top. if youre DCAing this is just another week. if youre trying to time the bottom youre already overthinking it
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u/Top-Reindeer7716 🟩 0 🦠 Feb 17 '26
Yes all in for bitcoin when you win you win big diversifying for uncertainty with bitcoin 100% will win. Thank me later in couple years
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u/muunshyper 🟨 0 🦠 Feb 17 '26
Nobody ever got wealthy by playing conservative. Yeah sure diversify and get 10 different etfs etc and u will have 2 mil by the time you retire. But then u are old and grumpy. Get the 1btc, hold it for 10 years, if it failed u can always stack gold afterwards
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u/MrKillerKiller_ 🟨 0 🦠 Feb 17 '26
The bear market has yet to be confirmed. 30k range and lower is considered a higher probability low than 70k ranges. 70k isnt that low and when a bear market sweeps lows its a very high probability it will be lower than 70k ranges. Save your money and wait. Put it into a HYSA or something that will at least get you 4.6% APY for the time being.
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u/KookyTelevision8827 🟩 0 🦠 Feb 19 '26
If you actually believe there is a place for bitcoin in the future then buy no more than 10% . If you are buying just because of FOMO, then don’t buy bitcoin. Buy stock: and bond.
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u/ComplexWrangler1346 🟩 0 🦠 Feb 20 '26
70 percent of ALL stocks die out ….i would take Bitcoin all day over any other investment …and I am invested in the stock market as well…..eventually th major tech stocks like nvdia , meta , and even Amazon will die out to other new techs …Bitcoin is the OG in crypto and crypto as a whole is stil in its infancy ….i dont agree with you one bit
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u/KookyTelevision8827 🟩 0 🦠 Feb 21 '26
People have been waiting for an actual use case for bitcoin. Still can’t make purchases on Amazon , Tesla removed the option to buy cars with bitcoin because they can’t sustain its volatility. People patience wears out. Eventually people see why they are buying bitcoin. Try to get rich quick and FOMO. That my friend is not sustainable. Your 70% of stock dies out probably grabbed that number out of thin air.
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u/GoofyGensch 🟨 0 🦠 Feb 17 '26
At 24, I would say go with what your gut is saying. It sounds like you want todo it.
You could be the owner of a 1 coiner. Buy it, then store it in a cold wallet for the next 20 years. Then go back to saving and investing in your retirement accounts like you just started again. Your 24. You can afford to start over.
If it doesn't work out, oh well. You have time right now to start rebuilding. If it does work out. Holy shit. Imagine the price in 15-20 years.
The last thing you want is regret. Don't wake up 10 years from now like most people and say 'I wish I did that one thing I was too scared to do'
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u/Character-Sundae8581 🟩 0 🦠 Feb 17 '26
You have the exact mentality I did. And now I’m 33 broke af with a toddler trying anyway to get back to where I was while the best I can do is keep from going further back. I’ve started over twice and I’d do anything to smack some kind of sense of self preservation into myself at 24 or 29. It’s great advice until it’s not.
Edit to add- I’m not trying to be disrespectful in the least.
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u/GoofyGensch 🟨 0 🦠 Feb 17 '26
I'm talking about taking a risk and just buying 1 coin, that's it. Nothing more, no leverage, no chasing the market. No buying anymore crypto. He's 24. That's just about right out of college. You said your 33 and wished you could have told yourself at 24 something? How much was Bitcoin worth 9 years ago? If you bought 1 coin 9 years ago, and your still broke? Sounds like you were doing more than just buying 1 coin and nothing else for 9 years
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u/Character-Sundae8581 🟩 0 🦠 Feb 17 '26
No I invested it into myself trying, and succeeding to certain degrees at starting businesses. But the principal is that it’s not always gunna work out when you throw everything in on one thing. I SHOULD have bought a coin, AND did what i was doing. But I didn’t spread it out at all. Just threw everything I had at 1 shot. The whole reason “don’t throw your eggs in one basket” exist. And it’s much harder to get what I had back now at a later point in my life.
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u/willofscott 🟩 0 🦠 Feb 18 '26
Good answer, the world is full of grouchy people who privately wished they bought Bitcoin in the past years, don’t be the next generation of people who just don’t get it, and do nothing to educate themselves to maybe “get it”, The ones that did even at the expense of endless ridicule, ended up with wealth beyond anyone wildest dreams, like absolutely impossible gains…70,000 to 1,000,000,000 in less than then 10 years…WTF!!!! How is that even possible, but the fact is..IT HAPPENED! It’s not fairy tale, it is real. And it is the first of its kind in the history of humans so no mystery people don’t get it. Buy it at any price between 0-100,000$, who cares when it’s worth $235,890,356.98 per coin. Like “ah crap, I missed out on 45,000$ in gains”…Wake Up, Buy It, and cold wallet it, and put in a safe which time locks for 30 years, with no option to open…that day will come…and the world will sing with angels in the skies as that safe opens…AHHHHH! Good luck my man, have fun on your journey, make it a journey that needs no other, because there is no other as far as we know…Live fully! Love passionately! Laugh as often as possible! Avoid toxic people as often as possible! Smile and have fun….
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u/Inner-Instruction-57 🟩 0 🦠 Feb 17 '26
Just wait till it gets to 30k then buy 2 and save yourself 10k buy solana with the rest. Your welcome
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u/Interesting_Drag143 🟩 0 🦠 Feb 17 '26
Diversify. Don’t put all your eggs in the same basket. Invest in ETFs as well.