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orderbook getting pretty compressed over on stamp now
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Observing @ $43,620 🤣
Who is selling?
A bunch of cowards. Mempool is also starting to fill up again over the last few hours, I imagine that is all the sellers. |
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Any guesses when this stops. Never. I think a 38% decline in the 2017 run was the biggest pullback, it would have to go below 39k to exceed that. It will. The real question is have institutions soured on investing in BTC? I guess we won't know that for a few weeks. We already know. They have. lol, you're consistent I'll give you that. |
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Any guesses when this stops. I think a 38% decline in the 2017 run was the biggest pullback, it would have to go below 39k to exceed that.
Wish I knew if it would get there or not, but there is a lot of panic out there right now so I have no idea. The real question is have institutions soured on investing in BTC? I guess we won't know that for a few weeks.
If we are going into a drawn out bear market, I must say it sucks to have one so soon. I still think that we will get some more strength towards the end of the year because nothing has actually changed, governments and CBs are still doing what they do best and they can't stop now.
HODL!!
EDIT: perhaps we should update the poll to a price related one.
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Bad Elon! Bad DOGE!
Next tweet: Tesla sold Bitcoin 🤣 I think everyone knows he sold already. Inflows day before his twitter post, and the fact that his Tesla venture is going to shit in China. He needed the money to suppress the poor performance of Telsa last quarter and needs it again for this quarter. |
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The more I think about it... the more I think Elongate is really really positive for the corn.
We can't lose. No matter what Elon does it will benefit Bitcoin, I think.
If he continues to promote Doge it could be quite the detour for folks, but ultimately he will fail. Because whatever centralizing thing he does will just drive people into the arms of bitcoin.
He could turn out to be quite the enemy of Bitcoin too... now that the community has publicly embarrassed him. I do not know what he does under those circumstances.
But overall I see this as probably being a net plus.
I'm thinking same, but we'll take some time getting through it. He'll probably just move on and ignore it soon enough, when narsacistic types get exposed they usually put the blame on somthing other then them and just disappear. To do otherwise would continue to expose how much of a god they aren't, and their ego is not set up for that. |
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So...Musk tweet is like the Silk Road bust of 2013?
OGs know what I'm talking about...
hope so |
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Bitcoin will survive Elon Fudsk clearly.
But what staggers me is that someone with that platform basically doesn't seem to care about his own customers, many of who I would have thought would be hodlers.
He may suffer from bipolar. But that is no excuse to behave like an imbecile. I know for a fact the latter is not a common symptom at all.
If he's really autistic, then he may not be exactly brimming with empathy. He's a sociopath as well, like all of those who destroy others lives to their own advantage. No empathy, is part of the job for these people. |
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Awesome, looks like we are ridding ourselves of Musk. This is a very good thing, just like when ver, wright, et al. removed themselves.
With Musk gone a lot of the weak hands will vanish. My only concern is how this kind of thing will be viewed when it comes time to granting a US ETF and also how it will be viewed by large investors/institutions.
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When you look at it in a positive way, it's good that he is out at an early stage.
Before, we have this what we call shaky hands that would sell with a little dump. Elon is one of them.
I hope he does sell everything he got. Bring it back to circulation and let new investors have their chance to hold a precious coin.
Bitcoin market will feel the dump that he will do but it can recover in just a short amount of time. No doubt.
Yes its good getting this socipathic piece of shit out of bitcoin. I'd say he already sold all Teslas/his coins the day before he made the first negative comment. There was a large inbound transaction to the exchanges that day, and being that Tesla has trouble making an income I'd say he realised he needed the profit to cover for that. |
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Bitcoins going down and I don't think I'd put any money in to Bitcoin right now. Instead I would put all in ETH, ADA and Matic this is how I survive in this red. will see you later once I feel positive about BTC.
Check this chart then tell me if you still think that is a good idea. https://www.blockchaincenter.net/altcoin-season-index/ |
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I keep wondering about this high fee transactions that are happening on the network. There are blocks now where the lowest fee transaction includes 1 sat per byte, and then in the same block a transaction with a fee for over 400 sat per byte. Here's one that is for 253.3 sat per byte https://mempool.space/address/1KSoAS6MyfWRL4vbwgKh7aL8NvHDUwMaHCIt goes like this 1KSoAS6MyfWRL4vbwgKh7aL8NvHDUwMaHC > 1JhzBwS5MddyPGp1vzycbS77ZdL33omWcn 253.3 sat/vB 1JhzBwS5MddyPGp1vzycbS77ZdL33omWcn > 18y9TtMgtmaUvpCHheEsX5rS9kpewrMtrq 30.5 sat/vB 18y9TtMgtmaUvpCHheEsX5rS9kpewrMtrq > 1FoLkDAPyPcXBt2CHGdfZwcJkwBbhA4gC6 30.1 sat/vB 1FoLkDAPyPcXBt2CHGdfZwcJkwBbhA4gC6 > 1LRCG6VhtNrt27meshkhEYbbPpyY8fDAzy 30.4 sat/vB 1LRCG6VhtNrt27meshkhEYbbPpyY8fDAzy > 1NYm9oCuG5q1qr7rDkMutkD7228oZjc2Mk 253.3 sat/vB 1NYm9oCuG5q1qr7rDkMutkD7228oZjc2Mk > 13orzphdpZATfviQHFKXqBNnWCK9oynw2D 253.3 sat/vB 13orzphdpZATfviQHFKXqBNnWCK9oynw2D > 15FtnxGCxcU2TLL2M9crmwknRFEgVvMaS6 30.1 sat/vB Now thing about those transactions are they are all done in the same block but with those varying fees. This has to be done by the same person/organization, but what for? and why send like that from address to address in the same block? wouldn't a batch transaction make more sense? |
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meh, spoke to soon maybe.
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Shitcoin market showing some very early signs (could just be noise) of topping out I reckon. Eth downwards movement over the last 24 hours is double BTC and Doge doing same. I see there are a few pumps still going on in other coins, but same thing happened in 2018, BTC topped first, followed by ETH, and then these stragglers eventually went down.
As I said this could just be noise, but at the moment it is something. Also probably means we are in for that several months of no new ATH, though I still think that this is a 2013 type bull rather than 2017.
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40k € barrier broken for the third time on the 1H chart (soon after $50k got broken). Looks like there will be a DOWNity (for ants) before the big UPpity resumes before the end of May, taking us to a new ATH. Yes, I know this post is dumb and doesn't say much...
Where's Bob?
Price always goes down on the weekend, so expected. Let's just hope the UPpity actually resumes. |
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Drivel
With each post, not only do you demostrate what a terrible human you are. But also how much of a retard you actually are. You should speak... doom and gloomer. 
Drivel
With each post, not only do you demostrate what a terrible human you are. But also how much of a retard you actually are. bad behavior-check doesn't know how markets work-check likes to call people names-check Conclusion-@JJG is Bender reincarnate. https://youtu.be/ln4rfYh7ng0?t=77At least you know how to stay topical, and stick to the issues. rrrrriiiiiigghhhhttt? It is a fact that bitcoin price is under-performing since Feb. What caused it? Will it continue or turn around? What would cause such turn around? Instead of examining these points, you attack the source, as usual, as if you want everyone to be silent about and if everyone stays silent it would get better somehow. It could get better, but only if alts get smashed soon, otherwise we would bleed down to maybe 32-35% and then the situation can become unstable (multi-polar). My btc % is much higher than 40% market weighting, so I would be not be a happy camper if btc further declines in dominance and/or in price, yet I have no plans to sell. Why? Because I believe that we might turn around at some point, could be soon or by the year end. I never sold any btc for alts, but their proportion in my portfolio (bought using fiat) has arisen in this cycle quite significantly for a simple reason-a gigantic outperformance (so far). Not naming any names since it is OT here. I don't chase and try to buy low or very low. All my alt buys were done before the end of 2020, most either in 2019 or even earlier. In 2021 I am only stacking btc sats via mining and small size random buys and slowly selling some alts, but even so, each sell was not at the highs, admittedly, so I slowed those sells down for time being. Are you going to tell me that selling alts and buying btc is somehow impure (like you told Phil)? What a wierd suggestion, pal! He doesn't like that people accrue BTC via way of shitcoins, either mined or purchased. He prefers his no doubt superior strategy (in his mixed up mind) of selling BTC every time it goes a little higher in order to stack more fiat. Those of us who continue to the accrue BTC and not sell ever, are disliked for some reason that is unable to be undersood, because there is no understanding crazy. |
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Drivel
With each post, not only do you demostrate what a terrible human you are. But also how much of a retard you actually are. |
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How does he leave the biggest shitcoins and their "CEOs" off the list though? Vitalik Buterin --> ETH Changpeng Zhao (CZ) --> Binance Coin Charles Hoskinson --> Cardano And what do all these people have in common? Massive sociopathic traits. Who didn't show any socipoathic traits? Satoshi. |
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I guess another relevant question is, when dominance hit 32% last cycle, what turned it around?
Mostly a very sharp drop in xerp, then continuing drop in both VBcoin and xerp. So a thought. The reason for the (hopefully) increase back up in dominance this time will be that Musk will no longer have any effect on BTC, proving again that no single megalomaniac can bend BTC to his will. This in itself will encourage money back into BTC, because its stability and resilience has once again been proven. Just like when Ver finally relieved us of his presence. The market now being reminded that Doge/ETH are in complete control by a single fail point (individual) will discourage further investment. The doge coin followers are going to get everything they asked, just like when any populace elects a megalomaniac, narcissistic, dictator to rule over them. |
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Everyone says that CMC dominance is irrelevant since it also includes stablecoins. Yet, whatever params you use, there has been a sharp decline in btc dominance from the end of December 2020 (72%) to now (40%). https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/IMHO, this has to reverse within a week or two, otherwise it would be difficult to recover and we would move (regrettably for me) from one hegemon (bitcoin) to a multi-polar crypto world. It is not a popular possibility around here and my largely btc position would affect my worth (or the lack of it), but someone needs to point out that this scenario is possible. TLDR; a bear market starting in 1-2 wk to smash alts or a true multi-polar crypto world is coming. Btc ETF approval could swing the balance back in btc favor, but I don't see anything else doing it, judging by the current dynamics. Off course CMC is relevant. Perception is everything to retail traders, they don't work on actual analysis, and CMC is one reason we are losing/lost them. I leave the computer for 10 hours, check price when I get back BTC is lower and shitcoins are higher. Zero retail interest in BTC. All time low dominance is at 32% will we get there? As you say, unless we see a major market crash that is not just aimed at BTC, we will take out those lows. With so many extra shitcoins this time its hard not to take out the lows honestly. The real question though is does ETH flip BTC? if so, that is a psychological hit that will deeply scare. For 10 years now BTC has been attacked at all levels by all relevant authorities and charlatans, the shitcoins encounter none of this, it's amazing we have held on so long. Will these forces of evil finally win? History shows time and time again how retarded the sheeple are, the sheeple always seem to go along with those who want to hurt them, so long term it's not promising. I hold out hope though that BTC pulls through and retains it's dominance. It is after all the coin that created the market, the only coin released for pure good intentions to make the world a better place, rather than to enrich the founders like every other shitcoin. EDIT: I guess another relevant question is, when dominance hit 32% last cycle, what turned it around? |
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