My long standing theory is that the price is becoming more detached from the value because of the constant outflow of coins from exchanges. The market cap is so high these days that if we were to measure value by the % of total fiat money invested in the space and account for inflation, we would easily be at 50k right now. To check it, just take one of the biggest exchanges like Bitfinex and check how much coins you need to sell in order to move the price. For instance, the coins needed to drop the price of Bitcoin by 5k usd (around 10% of total price) was just ~11k BTC. 500 million USD is enough to cause a crash on a 800 billion market cap asset. What do you think would have happened if someone dropped a bomb of 10 billion USD in coins on spot exchanges? We'd probably go below 30k instantly. Would that mean Bitcoin is worth 25k USD or something like that? Of course not! It would only mean that there's not enough liquidity on exchanges to support such big trades in such a short time.

Remember guys, price pumps and crashes are not a representation of value, but a trend on exchanges. They are only showing what people who trade on spot exchanges are doing and should concern you only if you're trading or planning to move from BTC to another investment.

Can that phone call really be classified as a war crime? I've watched the video and he clearly says that her son is dead because he was killed by artillery fire. They did not execute him as a POW or anything like that, just found the phone next to a corpse.
Why are they doing it? Because families of Russians who went to Ukraine usually support their actions. They think their kids are fighting for their country, which isn't true. They're invading another country for nothing, because there's nothing to gain for that but maybe medals and promotions if they manage to come back safe. We know most of them don't come back, so it's not even a risk worthy reward for these guys. They used to call families to tell them their children are dead to counter Russian propaganda that used to bury dead soldiers in mass graves and lie to the families that they're still fighting, but as we can see some Ukrainians are starting to lose their temper and taunt victims and their families. I don't support such actions, but this is far from being a war crime if you ask me.

That's right. Bitcoin is doing much better than it used to in the face of bad news and declining economy. Just compare how bad it was doing after the 2018 top and this was mainly negativity induced by people who got burned buying BTC after it had risen by more than 12x in 6 months. Now we're facing problems we haven't seen for the last 10 years and Bitcoin is still only about 40% down from the top. Sellers are evidently exhausted as every dip since January forms a higher low. There's a very high chance we won't see the 20k low that was predicted as the bottom of the bear market, long before bitcoin went to it's all time high.

I keep saying that whenever people wait for us to go to a certain level, we don't reach it. People were waiting for 1k in 2019 - never happened, they waited for 80-100k range last year - same thing. They've been waiting for 20k ever since we went from 60k back to 30 last year.

They were even nice enough to include options for people who would be willing to trade 75 million USD a month Like that kind of people would even touch a service like that. When you have 50 mill or something like that, you don't try to multiply it using ponzi schemes, just buy safe stocks or bonds and satisfy all your needs with 5% a year.

All cloud mining companies want to take advantage of you. Even if they are legit they will make you take all the risk, like that legit company in Iceland was doing. They had their TOS written in a way that allowed them to stop paying you and liquidate your contract when it became unprofitable, so if you paid x USD for a 2 year contract and 1 year later difficulty suddenly rose so much that you weren't making money, they were cancelling the contract and did not have to bother with you for another year, while keeping the money.

I love it when warm countries adopt Bitcoin. Gives me an opportunity to choose when I finally decide to leave cold Europe for a better, friendlier climate.
I'm pretty sure other countries are watching it closely and gathering teams of analysts to tell them if it's a good idea. Big, prosperous countries will be scared of doing something like that but poor countries don't have much to lose, they might as well dip their toes.

I was thinking on celebrating when we hit 100k for BTC, so maybe I'll just do a tour around all the countries where Bitcoin is a legal tender? What do you think? 

That's of course true, but the idea is similar to "what if all the altcoins disappeared?"

The result would be that some altcoin investors would leave the space because they're only interested in their own projects. I can't imagine someone who buys NFT's to suddenly switch to bitcoin once these are gone. This is just an example of the mentality of some altcoiners. They think their project is the best (like Roger Ver with his BCH and faketoshi with his SV) and they'd rather leave the space or start doing something else once there's no altcoins.

Anyway, price of Bitcoin would go up if that happened somehow, but the total market cap of the space would drop by a lot.

Why are you always looking to change the subject? Can't justify Putin's actions with some solid arguments so your only line of defense is attacking other countries.
Does the fact that Serbs And Chechens were executing prisoners by cutting their throats make Russians more humane, because they at least shoot them in the head and then give them a proper burial in a mass grave, instead of leaving them on the streets? Oh wait, scratch that, instead of burning them and using their fat to make soap, like Germans in Poland.

This thread is not about the USA, or Serbs, or Iraq, or Germany, but about Russia and Ukraine.

It looks like the S&P took us down along with it. As for the Do Kwon the savior, I don't expect him to go in too fast. For a person who is buing 1 billion USD worth of Bitcoin, 100 USD up or down makes a hell of a difference. Right now some people are trying hard to push the price down and you could see that by the dumps every time the price went near the 47k range, which means someone is unloading a lot of coins at that level. Of course it doesn't mean Kwon's statement was a fake, he is in fact buying and I'm pretty sure he will continue, but that doesn't mean ha has to do it this week, or next week. All we know he could keep waiting for someone to dump it back to 40k and then buy again.

There's so little coins on exchanges these days that a 100 million USD buy can takes us up 10% and completely nullify the last 2 days of price decline. Imagine that 100 million is what some stock investors are spending in a day and this means +5% for Bitcoin. This shows how small and prone to manipulation this market is, so keep ignoring anything up to 10% because this could be just a few people trying to play you.

How about you stop trolling and enjoy the best performing asset in the world?
Bitcoin is outperforming S&P500 so I don't know what "crashing" you're talking about.

As for garbage, how about you check some of the shitcoins. BTC is doing just fine compared to them.

Want to shut it down? You'd have to shut down the Internet first.

Are Saylor and Kwon are fighting for the position of the biggest holder?
Makes me wonder if they're buying spot because looking at the volume, a mere 1000 bitcoin trade can easily mean 5% up or down for bitcoin. If they were to buy spot at one time we'd be at 50k right now. Either they are splitting the orders into very small trades like 100 BTC each, or buying OTC.

For bitcoin to go crazy right now we just need some big company to invest 1% on spot in a single trade, pretty much like Musk and Tesla did last year and we'd have a new rally towards ATH. Sooner or later it's going to happen.

IMO this was a war crime and the West will condemn it, but the question is: will they have the balls to go all the way and isolate Russia? For instance, Burger King and many other Western companies continue to operate there. Countries like Hungary still support Russia and help them finance their war. Is this going to change after this genocide? I doubt it.


Those thousands of people who got beaten and thrown in jail at anti-war protests did not want the genocide to happen and would not want you to put them in the same group along with people from the street polls.

We are still in a long term uptrend. If you don't see it just zoom out a bit. It's funny that people see only the most recent price action and ignore the rest.
OP asked when the "recent decline" is going to end. What recent decline, we are in fact recovering as we speak with the recent lows being 34k USD and current price sitting between 44k and 48k. This looks to me like there's no decline anymore, especially that in the longer time frame we've managed to secure a higher low (from the sub 30k in July)

When are we going to reach a new high? It's hard to say because the war and economic tensions are working against us. Bitcoin is not independent from other assets and currencies.

Maybe they'll poison him. He likes it when people get poisoned.
https://www.youtube.com/watch?v=iiXCM6J7tbY

Jokes aside, there's still a chance someone will decide to settle with the West and get rid of Putin to take his place, but for that to happen he's going to need the support of the people. For now people are still in shock and fed propaganda, but if enough of their sons and brothers die, maybe enough of them will want this war to end.

It would be very easy to appease the crowd if someone were to hand Putin over to be judged as a war criminal and at the same time make all the services come back to Russia. Give people bread and circuses.

I have used one and the fees are fine. In my area there's a number of them and one that I've used a few times has 3% transaction fee, which is fine, especially that it doesn't require any KYC up to 1k EUR and you can sell BTC for cash straight away. There are cheaper ways to sell cryptocurrencies, but they require you to set up full account, go through KYC, have a bank account linked and so on. For me privacy is worth that additional 1% or 2% fee.

Or until they say the examiners set up the bodies themselves. The most common response of Kremlin is attacking the attacker with the same words, saying "it wasn't us, it was you".

The massacre was initiated in NKVD chief Lavrentiy Beria's proposal to Joseph Stalin to execute all captive members of the Polish officer corps, which was approved by the Soviet Politburo led by Stalin.[1] Of the total killed, about 8,000 were officers imprisoned during the 1939 Soviet invasion of Poland, another 6,000 were police officers, and the remaining 8,000 were Polish intelligentsia the Soviets deemed to be intelligence agents and gendarmes, spies and saboteurs, former landowners, factory owners and officials "intelligence agents and gendarmes, spies and saboteurs, former landowners, factory owners and officials".[2] The Polish Army officer class was representative of the multi-ethnic Polish state; the murdered included ethnic Poles, Ukrainians, Belarusians, and Jews including the chief Rabbi of the Polish Army, Baruch Steinberg.[3]

The government of Nazi Germany announced the discovery of mass graves in the Katyn Forest in April 1943
The USSR claimed the Nazis had killed the victims, and it continued to deny responsibility for the massacres until 1990, when it officially acknowledged and condemned the killings by the NKVD, as well as the subsequent cover-up by the Soviet government.
https://en.wikipedia.org/wiki/Katyn_massacre

80 years have passed and Russians are doing the same exact thing. Same people, same mentality, different times.

Mining makes no sense to me. You'll be taking a huge risk and putting in a lot of work to set it up.
For it to be worth my time I'd need almost free power like they had in Iraq back when Saddam was still alive. Buying an abandoned power plant like some miners did could also work
The biggest risk is that something can go wrong like your miners can catch fire or be stolen. With small margins like the miners are pulling it's just not worth the time and money of a person who has less than 500k USD to spend.

It's easy to become an enemy of Russia. They made a list of "unfriendly countries" and on the list we have:
Australia, Canada, All of the EU, Iceland, Monaco, Montenegro, New Zealand, Norway, Taiwan, San Marino, Singapore, South Korea, Switzerland, UK and of course US.

All you have to do is condemn the invasion of Ukraine and you're the enemy.

BTW, Ukraine is also listed as "unfriendly"


You're repeating pure Russian propaganda. Those scientists who you're quoting got their scripts straight from the KGB.
The fact that Russia is constantly aiming at restoring its borders from the time of the Soviet Union does not mean that other countries feel the same. As a matter of fact, Russia actively attacked Polish border by sending its agents to Belarus in order to create a fake refugee crisis. Some of the people who were captured trying to cross Polish border from Belarus stated that they flew to Moscow by planes and were then moved by buses to Belarus and told that if they manage to cross the border they will be accepted in the EU and be able to freely travel to Germany and France. This was done to focus Western NATO on the border with Belarus instead of Ukraine. There are even videos of soldiers cutting Polish border fences and aiming laser beams at border patrols to blind them and provoke to use force.

I've seen reports of Russian trolls who were Spreading lies in EU countries, telling people that Ukrainian refugees will take their jobs and Ukrainian women will take their husbands
At the same time Russians were forcing Ukrainians to fight against their countrymen, moving people to Russia by force and then leaving them to freeze in buses, attacking humanitarian corridors and Red Cross warehouses.

Saying that countries who are helping Ukraine are doing it because they secretly want to attack it and annex is such a stupid and baseless claim that only those idiots who worked in Russian web brigades in Ghana could make it up.

I'd dump all my LTC, preferably for BTC, but if you're afraid for some unknown reason, you'll do better exiting into fiat and waiting for a BTC dip than holding LTC. That's my opinion, yo do what want, but I'm quite sure LTC is never going to achieve anything without BTC going to the moon first. If BTC dies, LTC will die. BTC goes big like 100k USD, LTC will probably pump some, but less.
It's unfortunate because most coins did good last year, including LTC and it was a great time to get rid of all the weak coins that only follow bitcoin's bull markets with worse results.

Please explain how they'd do it.

Russia and Belarus stated that marching into Ukraine would be a declaration of war. It would be a much easier decision if there were no nuclear weapons because Russia cannot match NATO in conventional warfare, but nobody wants those idiots to start using bio weapons and nukes and render whole Europe uninhabitable.


That's too long. Russia would run out of juice long before that. You have to remember that the economy is one thing, but there's also fighting spirit, which Russians always had when defending, but rarely when attacking. Many people in Russia think it's not their war and as time goes by and life gets harder there's going to be more and more of them, until finally all who wanted to fight will be dead and the rest will rather migrate than die fighting abroad for nothing.

Not that huge if you really go deep into chain analysis. We are facing the biggest outflow of bitcoins from exchanges, we are also facing an increase in held coins. The amount of coins on exchanges is at its all time low and the hash power and number of coins held for over 3 months are both at all time highs.
Knowing that and seeing past bull markets where we went from 1k usd to 20k in 1 year, or the last 2 years where we were at the lows of 4k USD and went to 60k in 1 year, is it that improbable that we could go to 200k after the next halving? This would be only 3x last year's ATH. In 2021 we've made it to 3x 2017 ATH. 3 years is a long time.