In other words, traders and fudsters are trying to persuade us that the fair market cap of Bitcoin is equal to eth market cap a month ago?!? Really?!? Even if 30K is breached for some time, so what? Moar buying of course!
What a joke right. I mean lets think about things for a moment. Is the constant printing of fiat currency going to stop from here on? No? well BTC will be back to its highs again in the future. It's that simple. |
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I’m gonna wake up to sub 30k aren’t I?
This sucks man, really does.
No shot, $30k will hold believe you me it's all good! I wish you were right But we are crossing it now That's how bitcoin do... A haiku for this moment... deep breaths my friends. In the end fuck it. None of us here are selling and if we have to wait another 3 years so be it. I agree... But what are we waiting for? Moon? I remember 4ish years ago... when It broke 1k, I panicked when it dropped back down a little later. Sold a bunch right at the bottom. Ended up buying ~90% of it back. That lesson was expensive, but it seems to have cured me.  It is hard to remember at times like this that Bitcoin really cannot be stopped. What's happening with China is really really bullish. And this "bitcoin is too vollitle!!!" stuff? It's a great disguise for what bitcoin really is. If it were any more obvious, well it would already be where we want it to be, and lots of us would never have had a chance. We are experiencing the pain that most people cannot handle, and it will paty off... I mean.. it kind already has, right? This is what we live through to be able to say: I know it looks easy in hindsight, but it was hard as hell living through it. That sums it all pretty well. Long term we are golden, short term just kind of sucks, but if I was a nocoiner and wanted to get in I'd be loving this dip. In fact that is how it was for me in 2013 after the 266 highs. I spent 2 full days researching Bitcoin during that rip higher and I came away convinced of its awesomeness. I opened a bitstamp account and waited for the bubble to pop. Which it did a few days later. Got my first coin under 100 and was not scared at all in buying it. There would be many out there in that situation right now, and they deserve their future gains. And in a decades time my immediate response when someone says I was lucky, will be to punch them in the face. This shit ain't easy, but it does pay off. |
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So where is the spring meant to get to with all that wyckoff bullshit?
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cheap corn under 30k
Ha. I learned from the last dip and put orders in all the way down to 21k. Let's see how bad the dippening gets. Anybody selling?
Whats the point now? PANIC!!!!! Lots of it if you mortgaged your house at $60k and there is always someone who did. Gamblers must be wiped out by now. |
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Anybody selling?
Whats the point now? |
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I’m gonna wake up to sub 30k aren’t I?
This sucks man, really does.
No shot, $30k will hold believe you me it's all good! I wish you were right But we are crossing it now That's how bitcoin do... A haiku for this moment... deep breaths my friends. In the end fuck it. None of us here are selling and if we have to wait another 3 years so be it. |
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there it is. <30k.
Next stop Saylor's break even?
Next stop page parity? Yes I forgot about that one. |
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there it is. <30k.
Next stop Saylor's break even?
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Dazzles me every time that someone, somewhere is selling at -50% from ATH
Yeah I don't get it either. But I guess 50% in BTC is like 20% in the stock market due to the volatility. |
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Almost below 30k. I guess LFC is awake to see it at least.
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Have you seen the "W" at bitcoinwisdom.io ??
Trolling at master level...
What "W" is that? |
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Not looking good for the 30k support. Hashrate keeps droping and we do not know when it will recover. Volatility could (and likely will) go over the roof if it is broken.
At least if the hash rate doesn't come back online difficulty will once again adjust and everything will be ok with the world again; the beauty of bitcoin in how it was structured. That being said I'm sure the hash rate will come online again, too much money spent on the miners themselves to just stop, I'm sure they're getting relocated to other parts of the world Of course they will come back online again. Do people think these chinese miners are just going to throw the equipment in the bin. At the very least they will sell it. I should also add that hasrate has been hovering around 100 EH/s since the latest mining ban announcement. I think that's it, they've all been shutdown now. |
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2. Many big players (Saylor et al.) are accumulating BTC like crazy. And it's not just Saylor. There must be other big players that don't want to advertise their actions. Saylor is not only a HoDLer, but has risen to be a major Bitcoin evangelist, a more pragmatic, less scientific, more digestible version of the charismatic Andreas Antonopoulos. The latter is the scientist, the former is the engineer. Both are needed, both are right. Not many people want (or can) take that role, but they can buy BTC, and they do.
I agree with most of what you wrote, but I personally don’t like that individuals accumulate so much BTC despite being distinctly bullish at the moment - because it’s known what Saylor thought about BTC back in 2013, and I can never rule it out the possibility of him changing his mind again - because he is, after all, just a man trying to make as much profit as possible. What Bitcoin needs is more decentralization, which is just the opposite of people like Saylor or Musk becoming his trademark. Decentralization of ownership of coins is not going to happen. It's against human nature, and is the reason things like comunisim came to be and the reason why they fail. That's ok though because ownership of coin is not that important in the decentralization story. Preventing control over the protocol is where decentralization matters and as we have seen recently, no matter the price, no matter the bullshit of regimes like the CCP, Bitcoin itself continues on without issue. It has and will always allow anyone, without prejudice, the ability to transact. |
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I remember reading a prediction earlier this year (but can't find it back), saying that Bitcoin would first have to drop to $30k before going back up. Well, at least we're half way there now  This is something that should make all of us very happy. $30k will not be here for very much longer, so we'd better make good use of it while we still can. I'm talking mostly about noobs, but it applies to anyone with some fiat to spare. The way I see it is this: 1. Bitcoin is practically guaranteed (math, science and all) to reach 6 digits and beyond. $1M/BTC is a perfectly normal and expected (actually inevitable) price level. Bitcoin has to reach $1M/BTC, or else it won't be able to take the position and role it's been designed to take (i.e., as the primary store of value of the world). 2. Many big players (Saylor et al.) are accumulating BTC like crazy. And it's not just Saylor. There must be other big players that don't want to advertise their actions. Saylor is not only a HoDLer, but has risen to be a major Bitcoin evangelist, a more pragmatic, less scientific, more digestible version of the charismatic Andreas Antonopoulos. The latter is the scientist, the former is the engineer. Both are needed, both are right. Not many people want (or can) take that role, but they can buy BTC, and they do. 3. Given (1), dips shouldn't worry us at all. Given (2), we should be buying any amount of BTC we can afford. Bob's degenerate buying spree of $500 a pop when he's already a multi-millionaire may seem illogical (it does/did seem like that to me too), but he knows what he's doing. It will be fun to see those $500 grow to $10k each, and beyond. tl;dr: We are going through what could be the last deep 5-digit BTFD in Bitcoin's history. Worried? See (1) above. What to do? Apply (3), sit back, relax, and enjoy your wealth growing in your sleep (good one, Warren Buffett). Wanna buy 75" TVs and shit? Go ahead, but don't cry like a little girl later on -- I'm sure those pepperonis were really tasty. Damn, that's some fucked up tl;dr as I'm referring to the main text...  Man this is a kind of bullish/hodl posting everybody needs right now. Fuck bears, fuck China! HODL! Hodl strong brethren!  + 1 million. And after I read these posts I decided to add, what I think, is an appropriate signature to my avatar. |
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It's like there is a battle going on at these levels.
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Something something buy when there is blood in the street something something Would be nice if there were more like him. |
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mempool still filling  |
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The silence of the west is demonstrating the shift in power and it's worrisome.
That silence is starting to change. Look at Australia, they couldn't suck enough CCP cock a few years ago and now they are doing a lot to piss the CCP off. |
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Prepair for total doom. One major sell-off shaking out the weakest hands on Earth.  I'm watching, and sure, current rate sucks, but look at the resistance around 30k, that's bullish to me. Hope i'm wrong. Potential bottom touched serval times now but if it beaks... Diamond Hands will prevail. I could be wrong, and it seems I am 80% of the time. But I believe that as the US wakes up they are going to buy this dip. They'll see the news for what is, fantastic news! Think about it, not only are we getting far less Chinese miners, we are also getting far less Chinese investors, this means CCP manipulation will have little to no effect in the future. Bitcoin without China means a decrease in volatility, couple this with scarce supply and we are going to see far fewer corrections. Of course we'll have slower rises, but that is not a problem. Also a majority of those levarged traders are my guess Chinese, so I expect to see far less leverage from here on. For anyone watching markets that the Chinese invest gamble in, you'll see massive booms followed by massives busts and then social issues following. When it comes to investing money, Chinese are the biggest dumbshits or all. At least historically they have been good savers but the new generation is shit at that now too. Edit: should also add this does not bode well for shitcoins. |
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