This works for me   Lisa: Cheer up, Dad. Did you know the Chinese use the same word for 'crisis' as they do for 'opportunity'? Homer: Yes. Crisitunity. |
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YEAH I may go for $200 more in a few minutes as I will be off line for 2 days in terms of buying ability.
Do that or set a few buy orders perhaps |
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Bargain Boyz would like to thank the bears and weak hands for these cheap coins. Good to see you back. |
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Looks a lot like 2018 and that means get ready for rising difficulty and dropping prices.
Indeed. The 4-year cycle didn't play out exactly like the previous 2, but it certainly rhymed. No reason to expect we won't see a long slide down to $10K over the next 2-3 years as a result. I hope not, but that can't be ignored. For now, I'm on capitulation watch. So far the volume on this drop below $40K is less than the volume that dropped us below $50K, so I'm not sure we've seen the bottom yet. The dead cat bounce will hopefully get us back up to retest $50K and give some people an opportunity to do some cashing out, but that might be a pipe dream. My hopes are that we jump back above $53K on some good news and can resume the upward rise. My thoughts are telling me we'll see a sub $30K Bitcoin before the bleeding stops, and then likely a slow bleed that could potentially last years as value is extracted from Bitcoin by those who are overextended to that asset class (probably all of us). Actually, I think there is a reason to not see the price get down to 10k and that is that LTHs didn't sell as many coins to newbs during the upswing and that they already hold a high level of the coins again at this level. To get to 10k would require a fairly large capitulation of LTHs, but, what we are seeing now is that they are actually modestly buying coins again at these levels. I'd also say that the decrease in volume on this drop is for the exact reason I mentioned above, LTHs are not selling, and STHs did not get their hands on as many coins to sell compared to 2017. |
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As always buying the dip, we've seen how market been a downer but it always goes back up stronger. $20k is what I'm expect to dip with this rally but who knows actually? No one could know what's next but at least I'm not a noob investor anymore being paranoid over -50% correction, I've seen worst.
Buy the dip of course, but also constantly buy at regular intervals for as long as you have an income. Take a look at this calculator and see what would have happened if you had DCA for the last 5 years. https://dcabtc.com/ |
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Do I remortgage my house now or wait for a bit? Start the process perhaps. |
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My dudes, open Telegram on your phones and enable Automatic Translation in the context menu.
Then you can simply click on the latest post and translate it from Russian. Easy-peasy.
Hy этo пyть нa 30к. Taм cидит бoльшaя нeдeльнaя пoддepжкa. A тaм пocмoтpим.
Ho вы видитe, двoйнoй тoп и тaкoe мoщнoe cнижeниe... И дивepгeнция мaкд нa нeдeльныx нaмeкaeт, чтo пaдeниe бyдeт эпичecким. Имeннo этo я имeл ввидy 4 дeкaбpя, зaпocтив этoт мeм.
C дpyгoй cтopoны, я нe пoнимaю. Инфляция жe выxoдит из-пoд кoнтpoля, этo виднo нeвoopyжённым глaзoм. Кaк мoжeт битoк в тaкиx ycлoвияx дoлгocpoчнo пaдaть? Toгдa пoлyчaeтcя вcё-тaки инфляция пoд кoнтpoлeм. Этo FED шлaнгoм пpикидывaeтcя...
Well, it's a 30k way. There sits a lot of weekly support. And we'll see.
But you see, the double top and such a massive decline... And the weekly MACD divergence hints that the fall will be epic. That's what I meant on December 4th when I posted this meme.
On the other hand, I don't understand. Inflation is getting out of control, it can be seen with the naked eye. How can the cue ball fall in such conditions for a long time? Then inflation is still under control. This FED is pretending to be a hose...
Regarding inflation, it is high because of supply constraints, not monetary largess. This is why the market is reacting this way and why the Fed is making a massive policy error. The market knows it is a policy error hence the sell off. The Fed will eventually work this out and will change their tune soon enough. |
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Raoul Pal is an even bigger imbecile than I thought he was after he started his nonsense ETH to $40K shite 4-5 months ago:  He has 1 BTC? Literally less than 99% of us in WO? Why did ANY crypto Youtuber ever invite this absolute fraud onto their channels? He never believed in BTC at all it seems to me. He is more concerned with being liked on Twitter / YouTube. What a fucking douche. There's lots of these people. They're the kind who would of sided with the Nazis because it was a good trade. |
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Blood on the streets yet?
I think that happens over the weekend |
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I wonder if there has been much LTH selling during this drop?
Looks like we'll be getting that drop down to 30k this weekend. Things are looking brutal.
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Bond market and other measures signally a massive policy error by the Fed here. Which it is because this inflation we are seeing is from supply issues rather than then the free money sloshing around. I expect we'll hear some softer words from the Fed next week.
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At this moment BTC is not even 2x since the all time high of 2017
But its 10 times higher than its lows after that. DCA as long as you have an income and everything is fine. |
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Is the market bled out yet?
Many "want" $30k, we're still $8k above that.
It doesn't look like a real "buyers capitulation" yet (like 2019) and the daily isn't closed yet, too.
There's still room for downity, but after that this short bear market should be done.
Fuck derivatives, by the way!
Well, 8k fall ain't too difficult, but it feels like we are near a bottom and same for traditional markets. Might have to stop looking at the price for a while though, maybe that bottom willl come in then. |
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I am somewhat dubious about the Glassnode conclusions: 1. they assume that every transaction is associated with a buy/sell action - clearly this is not true 2. they ignore exchange holdings when calculating LTH vs STH 3. they (obviously) cannot see the specifics of exchange buys and sells (as they are off-chain); 4. exchange volumes are highly likely to include the same coins changing hands multiple times - its not a one buy and then move off exchange type activity Accordingly while I think it is very interesting it is easy to read too much into it. Well yes, but your not looking for perfect accuracy you're looking for consistency in the data over long time frames. This is what gives it relevance, and the chart posted matches up nicely with their other data saying retail did not move in strongly on the increase to 69k and LTHs did not unload coins in great numbers. |
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Well, the events described in this post happened. There was a short/long squeeze on the market and a further drop in prices below significant support levels: Is there any good reason that the steady rise/recovery of mining difficulty is not visible at all in the latest evolution of the price? I mean that we're almost back to all-times-high-difficulty and nobody seem to care. It makes me think that this movement could be a trap, but maybe it's just my hopes talking. Zoom out on the chart, and you'll see that it is indeed a trap. The monetary system is designed to have constant inflation (not deflation i.e it's not possible to suffer a great depression), this means that long-term asset prices must go up. Take the S&P500, look at the last 30 years and imagine you bought every week no matter what the price was. >99% of those buys would be in massive profit right now. The system is designed for up and up only long-term, buy regularly every week for decades and retire with craploads of money. |
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Prepair for a possible max pain weekend dump to $35k and a wick to $30k.
Possible, but I think that would depend on how the traditonal markets do tonight. And I think it is important to note that the main indexes are at key support. The market already knows that we have more than 4 rate hikes coming this year with cessation of all QE. It's possible that everything is near or at being fully priced in and the thing with rate hike cycles is that they are not actually bad for the markets. The bad part is what we have already had, and history shows that after that is done, markets go up with interest rates. |
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C'mon Bitcon, you know, do something...  Anyways, where're Saylor's and Bukele's BTFD announcements? Right about time to buy the dip, girls!  Probably blown their wads already on all the previous dips down from 69k. |
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Any bets on where this is going to end? Need to change the poll.
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Enough daily fake outs  Same shit that was happening in the high 40s a few weeks ago. What surprises me about this dip is that apparently there was very little new retail that bought from May to Nov last year. That move was made by LTH, and vast majority of that was not sold, and infact they LTH are buying again. So who is doing the selling to keep dropping the price, has spot buying/selling been made completely redundant now and these moves are purely from the futures markets? Had to look up LTH..... and that is be called yours truly.. (trying to keep the secret going somewhat, It's long term holders)......even though I am ONLY buying modestly... .,. and ONLY upon the price going down each $1k... been buying since around $59k (maybe even $60k.. can't remember-- it was so long ago).. then sold a few when we bounced from $41k back up to $52k-ish.. and then back to buying again.. down to $39k.. just had one more buy order triggered.... Next comes $38k, then $37k, then $36k.. etc etc... I suppose that all of those count, even though not really considered to be a lot.., at least relatively speaking.. even though it has b een adding up to a higher BTC balance than I used to have at these prices previously... When were we here? Around early August on the way back up from $28,800, no? and also briefly touched upon these $39ks in mid-September too, no? Hate to reward the bears with the BTC price going down.. but what can any of us do, except wait for the momentum to change back to UPpity.. at some point.. hopefully its coming. Hate to have some dweeb like Biodom saying I told you so... hahahahahaha.. or worse yet Raja_MBZ or proudhon or even billynocoiner... there are gradations, of course... and surely prefer UPpity and punishing the bears as much as possible.. but if there is froth needing to be purged.. so be it.. who are we (or should I say "I") to say? Gonna be crying all day long.. while buying every $1k that the price goes down, until running out of money.. crying the whole time...  I hear ya. |
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