Having said that, I just don't see us going below $40k. Too much institutional money to prop up the price at that level.
Daaayum bro... i thought we all agreed on $45k... didn't we? 40k is a 30% correction. This level of correction would match what we saw in 2017 several times. All very normal. |
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I hope not honestly, I don't want it going parabolic again. If it does though I would prefer it to be closer to the end of the year. Yeah, we would NOT want bitcoin prices going parabolic expectedly unexpectedly in the near-term future. That would sure suck!!!!! It's not like I had not (I am sure that others, too) been stacking sats for the past over 7 years (sure time periods are going to have varied, but anyone in bitcoin for over a few years would have had time to stack some sats decently, no? - even you somac spomac - been on the forum as long as me), and I would hate for our lillie fiends to go up in value too quickly.  Don't get me wrong its fun when it does go parabolic, but those moves always lead to crashes. And crashes burn noobs hard as they are inexperienced. You can wish all that you want that such a parabolic rise does not happen, but does not seem like there is a lot that you or anyone else can do about it. I could care less either way, too, but bitcoin just seems poised for such craziness whether we like it or not and whether we get some corrections along the way that make the overall upward curve to appear more gradual because the top takes longer to play out. A nice consistent rise will be better off for the common worker (i'm pretending that they would actually buy BTC here, rather than wasting their savings on useless crap),
First of all bitcoin does not work like dat. Sure, it might not go parabolic, but it is NOT likely to get stuck here, either in order to make some kind of smooth and reasonable curve. Regarding regular peeps: Fuck them. They better get the fuck into bitcoin in some kind of stake, otherwise they are going to get front run the fuck out of by the BIG ass players that seem to be continuing to come into the space. Just like we cannot do anything about BTC's price movement, we also cannot do shit to protect regular peeps from their lil selfies in which many of them fail and refuse to actually take some actions in terms of stacking some sats or otherwise figuring out ways to get a meaningful stake in bitcoin. I want these people to be able to grow their worth at a steady rate as a fuck you to the CBs and various modern feudal lords who have been destroying the value of their labor as much as possible since time began.
Get out of here with your bleeding heart nonsense. They can still get into bitcoin at $500k or $1million and they might even still be ahead of others at that point. I have no clue beyond the various price models based on probabilities what BTC prices are going to do in the coming years, but even though it seems to be much better for regular peeps to start right now or start as soon as possible, they can still start whenever they get around to it.. whether that is at $75k, or $256k or $750k, or $1.5 million or $5million... You have no information that the happening of regular peeps to get into bitcoin much later is still not going to end up helping them out, overall - even though sure, many of us longer term HODLers realize some advantages to having had gotten into bitcoin earlier than others, but I am still going to be telling people the same fucking thing as I have been saying for the last 7 years or so, and that is get the fuck started as soon as possible and figure out your plan to get some kind of stake.. and the BTC price does not matter as much as getting the fuck started and figuring out something... we cannot hold their hands if they fail/refuse to get started accumulating bitcoin. My dream is of the wealth divide returning to the levels of the 50s.
Bitcoin helps a lot of these matters, but you cannot remove all of the hoarding behaviors of BIGGER players and have a kum-ba-ya distribution of bitcoin. Peeps have had nearly 12 years to learn about bitcoin and get into it, and sure there are some signs in recent times that they are going to get front run, but what we going to do? Not going to happen I know but that is why it is a dream.
Snap out of it, somac spomac!!!!!! Let's deal with reality rather than wishing for things that are very unlikely to happen, and we already know that bitcoin has hype cycles and peeps gotta attempt to learn about it and how to deal with such BTC price dynamics rather than wishing for some kind of situation that is not. You really are a miserable sod. |
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I hope not honestly, I don't want it going parabolic again. If it does though I would prefer it to be closer to the end of the year. Yeah, we would NOT want bitcoin prices going parabolic expectedly unexpectedly in the near-term future. That would sure suck!!!!! It's not like I had not (I am sure that others, too) been stacking sats for the past over 7 years (sure time periods are going to have varied, but anyone in bitcoin for over a few years would have had time to stack some sats decently, no? - even you somac spomac - been on the forum as long as me), and I would hate for our lillie fiends to go up in value too quickly. Don't get me wrong its fun when it does go parabolic, but those moves always lead to crashes. And crashes burn noobs hard as they are inexperienced. A nice consistent rise will be better off for the common worker (i'm pretending that they would actually buy BTC here, rather than wasting their savings on useless crap), I want these people to be able to grow their worth at a steady rate as a fuck you to the CBs and various modern feudal lords who have been destroying the value of their labor as much as possible since time began. My dream is of the wealth divide returning to the levels of the 50s. Not going to happen I know but that is why it is a dream. |
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$45k.. We reached the bottom guys... Time to fill up bags!!!
I hope so, but I think that it is a little early to make that call. The US session, will give us some better direction. The next 24 hours are critical  The first 24 years are always critical, where half way through criticalness and where doing OK imho halfway in time sure, only about 1-3% in that 24 years total price though |
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$45k.. We reached the bottom guys... Time to fill up bags!!!
I hope so, but I think that it is a little early to make that call. The US session, will give us some better direction. The next 24 hours are critical |
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I hope not honestly, I don't want it going parabolic again. If it does though I would prefer it to be closer to the end of the year. |
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And the thing just opened like a week ago right? If we think coins on exchange are low right now wait until this ETF has been around for a couple of months. |
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It's really very simple.
Buy low, sell high.
Well the price is low now, so buy buy buy.
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Just thinking, apparently there is a delay in wire transfers atm, the trend down in price could be that not enough money is getting through to the exchanges.
When this delay stops though, there will be a bit of a flood of new fiat onto the exchanges, new fiat plus low prices = up.
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Upcoming big drop to 40-41k perhaps?
Then big bounce if it does.
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Good morning WOvians. So the decline was excpected. With the massivce outflow out of the miners and the break of a triangle. The question is, is it enough or go we futher down? After the futures and options of the expires today, the bitcoin went back to normal and the sell pressure ends. The bitcoin had to be under 50k when the stuff expired, so that the masive shorters make enough profit. The game is not new. We have havy bullish news yesterday, so they will kick in when the sell pressure ends. For us cheap coins I have no idea when the sell pressure ends but if we get the same percentage correction as last time we are looking at a bottom of 39k - 41k. I'm not confident we'll get there though, coins on exchange are dropping fast and I don't see any reason for that to let up for now. The 1.9 trillion is also coming and that cannot be priced in, because they haven't actually bought yet. Same as the halving being priced in, it's not possible. I know there is talk of a global correction, but look what happend last time. That correction was a global boom. They can't stop printing, if they could they would have done it already. |
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I blame bitcoin twitter.
They jinxed it with laser eyes.
Correction. They brought on a BTC sale for us with their laser eyes. Buy! Buy! Buy! |
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Still not a lot of volume out there
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FYI if we get a 30% correction that will put us near 40k. A 30% correction is definitely possible.
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Hmm, those in the US are going to wake up do another decent BTC sale. I wonder if some of Saylor's conferrence goers will take the opportunity to load up on some, just like Tesla did last last month.
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God that is another ugly looking drop. I mean shit we are where we were 1 week ago. We're poor again  Plans for volcano base on hold. Going to have to go with plain old underwater base instead. |
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God that is another ugly looking drop. I mean shit we are where we were 1 week ago. We're poor again |
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Now 20% with no risks and a perfect hedge? ELI5
I think explaining anything to you is not a good use of my time, however, that is an investment that you might be more interested in as it is perfectly suited to those who hold fiat, rather than bitcoin, and don't want to expose themselves to the risk of capital gains or losses. the bolded part it the issue (seems to me) most here are just long term hodl mode peeps. but please explain, i wouldnt mind it. im not too bright but am good at learning from my mistakes. ive run napkin math and i almost always would have come out ahead if i straight up hodled btc instead of trying fancy stuff like that in my endeavors of the past. because it was too easy to lose compared to the almost 100% gaurentee that btc will rise over the long term. hodling is hands off, just sit back and relax mode. perfect for me. fancy stuff you have to actively watch and worry about.. nah ill pass at the moment. Well, as I said it's best to have fiat (shitcoin) for this one. Which is why I won't do it. But, basically you buy however many BTC on the spot for current price of 55000. At the exact same time you sell a future, perhaps Sep 26th for this example, for the same number of BTC at a current price of 62700. profit equals 7,700 minus fees per coin This can be done using CBOE and CME as well as many others, perhaps less reputable exchanges. The risk for this trade is couter-party only and of course opportunity cost (there is no possiblity of capital gains or losses). Not your keys not your coins. Thing is it's all about levels of risk and what you are comfortable with in the end as well as your goals. Just remember nothing is risk free. Even holding your own keys is not risk free, there are roughly 4million inaccessible coins to prove that. *Above prices are taken from Deribit. |
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Now 20% with no risks and a perfect hedge? ELI5
I think explaining anything to you is not a good use of my time, however, that is an investment that you might be more interested in as it is perfectly suited to those who hold fiat, rather than bitcoin, and don't want to expose themselves to the risk of capital gains or losses. |
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If you do this with the whole stash, then you better use even more advanced strategies using futures, etc.
planbB (or preston pysh?) is saying that hedgies are on the hook for 1.5 bil already selling futures and buying same amount of spot btc, of vice versa, I don't recall.
Apparently, it is 20% yearly return with practically no risk. It is caused by a significant contango in btc futures..
The futures strategy is no risk because it is a perfect hedge. Easily done through CBOE and CME as well. If anyone has a bunch of fiat not doing anything that they want to generate a yield on, this is a great strategy. |
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