Hey, at that—newbies who are scared that we just dipped below $25k (now bouncing towards $26k), and that there is chit-chat about $22k, should remember that some people sold Bitcoin for under $220 in early 2015. No, I did not omit any zeroes, or turn any letter-k to a zero. I wonder if the people who sold BTC at $220 feel bad now.  selling at $220 was not frown at for most of 2015. It depends what did you sell it for. At that point most sales would of been because BTC is dead. srsly? hardly, imho. I remember this thread being a desert. A lot of people had given up. |
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Hey, at that—newbies who are scared that we just dipped below $25k (now bouncing towards $26k), and that there is chit-chat about $22k, should remember that some people sold Bitcoin for under $220 in early 2015. No, I did not omit any zeroes, or turn any letter-k to a zero. I wonder if the people who sold BTC at $220 feel bad now. selling at $220 was not frown at for most of 2015. It depends what did you sell it for. At that point most sales would of been because BTC is dead. |
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I hope he (B. Cowen) is wrong, but who knows. https://www.youtube.com/watch?v=Qxbpmp3HF4EComment: why nobody take under consideration the "potential" hockey stick of adoption? TL;DR 40K at 2024 halving. Yea, not very bullish, this one. Right now 40k at 2024 doesn't seem too bad honestly, lol. How did “$9k at 2020 halving” sound to you in 2018? *shrug* Not great, but not horrible—on the face of it. Though this doesn’t allow for the USD inflation/loss of real value issues that I raised in some previous posts. “$40k in real (non CPI manipulated) pre-Covid dollars in 2024” would sound spectacular to me now! The way the dollar is going, I think that will probably mean BTC $ x00k in 2024 dollars. If we're talking 2018 6k price I think I would have been pretty ok with it. That's because I would of been going off the 2016 halving and that turned out pretty well. |
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Right now 40k at 2024 doesn't seem too bad honestly, lol.
Probably about right, always a long grind between cycle bottoms & tops. $250,000 by end of 2025! Yeah watching the video now. Never heard of the guy before but his analysis sounds good. 250k, i could handle that. Getting excitied for all the extra BTC I'll be able to accumulate over the next 2 years. |
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I hope he (B. Cowen) is wrong, but who knows. https://www.youtube.com/watch?v=Qxbpmp3HF4EComment: why nobody take under consideration the "potential" hockey stick of adoption? TL;DR 40K at 2024 halving. Yea, not very bullish, this one. Right now 40k at 2024 doesn't seem too bad honestly, lol. |
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I remember the crash to $3k in late 2019. Half a year later and it was over $12k.
Too any noobs reading this right now, take note. |
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At this rate, in a few hours we'll be hoping we stay in the 20s.
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So let's go to the 200WMA and get over with this crap...
I hear ya. This selling is relentless. Might need to take a second job at this rate. Macca's is till 24hours at some locations right? |
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Bitstamp new lows the 0.81008 BTC selling still going on on stamp... so selling doesn't seem to be finished yet... very probable a new low is coming edit: there it is  how often they selling? |
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EDIT: is it just me, or is the market trying to completely expunge ALL appreciation that accrued during COVID (in stocks, bonds and now bitcoin as well)?
Seems that way. In which case you could argue that inflation (if solely caused by stimulus) should be disappearing with each successive down move. But it's not, at least not yet anyway. EDIT: no block for an hour, there might be a bit of selling when it goes through. |
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So they froze the chain?
the coin was like 8 bucks in june 2021 cap 2 bil
then 4.37 in dec 2021. 837 mil cap
then 2.13 in april 2022 544 mil cap
then 79 cents in may 2022 182 mil cap
now 25 cents in june 2022 64 mil cap
That is their shitcoin that you could get interest payouts in rather than the coin you lent to them. What is happening with all the BTC and shitcoins people had on their platforming earning interest and how many of those coins were there. That's what I would like to know. If they sold 95m worth of BTC, who's BTC was it? theirs or their clients? Since the interest rates for BTC were always crap I figured that most of the client funds would of been in stable coins. Lots of questions around these guys. |
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All right my missing out panic settled. On the 1hr it looks like a bottom to me even if there is still no v shape recovery. Went all in at 25700. İf it goes lower, shit happens... Good night everybody.
Good luck and I hope you are right. |
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Not your keys and all that. Is this the reason for the dump  Is this the Mt. Gox of 2022? They are not big enough. At least I don't think so. |
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Not your keys and all that. Is this the reason for the dump |
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Somebody must know something we dont know. I would bet this is a small group of whales selling thousands of coins at this low price. I set a huge buy order at 20's even though I dont believe we go down that much. But then again it feels like there is no end to this dump.
US open will probably give us some better direction. But I feel this is the oh shit panic from the fact that the Fed won't be pausing soon. This also guarantees much deeper recession. Lows about to be broken, big red candle to follow no doubt. |
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...under 500 Billion market cap
Are all these sells actually real?
Aren't there quite some exchanges selling non existing coins to buy back lower?
Yeah I've always wondered who does all the selling. I mean you would think all the weak hands have dropped out of the market by now. Maybe it is larger players needing collateral for unrelated positions in other markets. |
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Nice drops
BTC down
and all major shitcoins down worse.
Do you know what the miner breakevens are at these days? about 15c/kwh for S19pro (without mininer cost amortization). many people have much less price of power. Sorry, I mean the point where miners start shutting down equipment because BTC price is too low. Big down candle in 3.....2.....1 easy to calculate from my initial numbers....at 5c/kwh, they won't until about 8.8K/btc; at 10c/kwh until 17.6K/btc. it strictly depends on their electricity supply price. they would also mine at a small loss, but only for a limited time. Yeah it's that average electricity cost of all miners that I'm curious about. Thought Phil might have an idea about that, I know he is on the low end of the scale though. From those numbers looks like below 20 there might be a bit of shutting things down then. |
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Nice drops
BTC down
and all major shitcoins down worse.
Do you know what the miner breakevens are at these days? about 15c/kwh for S19pro (without mininer cost amortization). many people have much less price of power. Sorry, I mean the point where miners start shutting down equipment because BTC price is too low. Big down candle in 3.....2.....1 |
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Nice drops
BTC down
and all major shitcoins down worse.
Do you know what the miner breakevens are at these days? |
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I'm seeing Nasdaq futures down 1.8% right now. Interesting week coming up.
well yeah i do suppose screaming towards the ground at mach 15 is "interesting," in a weird hypnotic kinda way. Thinking more of that interesting times quote myself. In other words, oh shit. |
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