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Looking around twitter it seems there is the possibility for a lot of BTC, that is being used for collateral, to be sold due the current shitcoin leveraged chaos that is going on. All those defi yield promises falling apart it seems.
We aren’t getting a bounce for a little while yet.
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Times like these I just don't look at the monetary value of my various wallets. I avoid looking.  Ha. I've been updating mine with each drop. Makes the bounce look better that way. When the damn bounce actually happens that is. Looks bouncing to me now. Maybe you cheered Bitcoin up. (I hope I didn’t make it sad.) its a bounce when it gets to 27k. |
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Times like these I just don't look at the monetary value of my various wallets. I avoid looking. Ha. I've been updating mine with each drop. Makes the bounce look better that way. When the damn bounce actually happens that is. |
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When U.S stock market opens Bitcoin could crater to $20k ore even below that.
More dumping ahead when FED increasing rates again later this week.
Total doom!
Yes everyone sell now before BTC price goes negative  Have you seen the mempool. Looks like they are trying. |
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When U.S stock market opens Bitcoin could crater to $20k ore even below that.
More dumping ahead when FED increasing rates again later this week.
Total doom!
I'm thinking it is more likely to bounce but that is probably only hopium. While the CPI numbers were higher than expected, core CPI was down on last month. So maybe this thing (trad market selloff) is getting a little overdone. Big maybe I know |
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Just keeps grinding down. Where are these coins coming from.
Unnatural market behaviour. My gut hunch. I was glued to the chart from May 5 until the Terra dump, watching something move the market down in neat $500 or $1000 increments whenever it wanted. Much like this, but not as fast. Hypothetically, if a highly sophisticated team of quants with >=100k BTC starting inventory borrowed as a block decided to push down the market, with continuous gentle re-buys lower of small pieces to offset higher sales of big chunks that punch through the order book and incite downward momentum, what do you think it would look like? (Needless to say, this is speculation on the speculation forum—not a statement of known facts.) It certainly doesn't look like a normal BTC dump to me either. In times past we would of just had a huge red candle by now, then a bounce. But nothing like that yet. |
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Just keeps grinding down. Where are these coins coming from.
Weak hands Well, there's a shitload more of those people remaining than I thought. |
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Just keeps grinding down. Where are these coins coming from.
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How low can you go?
I keep waiting for a bounce, but, nothing. |
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not too far from 200WMA now.
Mfers here laughed at me when I said that BTC will touch 200 WMA back in Feb. I know. Don't take it personally, nobody likes predictions like that. Question is, when your target is reached will you buy? Bought 50% of my portfolio at realized price which was 24.5k and waiting for rest 50% at 21.8k. After that, everything is a freaking bonus. Good play. Right now it looks like you're going to get it too. |
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not too far from 200WMA now.
Mfers here laughed at me when I said that BTC will touch 200 WMA back in Feb. I know. Don't take it personally, nobody likes predictions like that. Question is, when your target is reached will you buy? |
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not too far from 200WMA now.
Mempool backed up a bit too.
Nasdaq futures almost down 3%. 2.7 at the moment
EDIT: futures now down 3.5%
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There’s a lot to be pessimistic about right now in the Bitcoin market. First the UST disaster, now it seems Celsius is the next domino to fall. How far will that spread? There are rumors that Tether was invested into Celsius. Were other interest providing exchanges also exposed? Will the market be heavily dumped until these companies can afford to buy back their customer deposits? Will that trigger Saylor to sell? What about when the ETH 2.0 coins are unlocked and the mtgox coins hit the market? I’ve been saying $10K is in the near future, but seeing it play out is going to be painful.
Tether FUD again, it will never end. Things certainly look bad, but that is usually when things turn around. So we'll see how it goes over the coming weeks. Not gonna lie 10k would be upsetting to me. |
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Adjusted for the dollar’s real-world loss of value, I think that BTC must now be well below its December 2017 peak (never mind 200 WMA). What goods and services could $19k buy in December 2017? What goods and services can $28.5k buy now?
It's disingenuous to argue BTC price from its December 2017 top. Get a grip. Say what? Disingenuous? That is a rather pungent word, even if you disagree with me. Whom do you allege I am misleading, and to what end? There is a common belief that BTC can never dip below its previous 4-year cycle high. Comparisons of a subsequent crash price to the previous cycle top are not my invention, as you no doubt are aware. If such a crossing of the previous cycle top has occurred in real-value terms— not the silly mental habit of measuring all value in dollars—then that is a significant datum not only about Bitcoin, but also about the state of the financial markets generally. There might be times in which starting from the top makes sense, but not the way that you framed the matter in your earlier post, which you had also made a similar point earlier.. No need to argue about it.. because it sounds like we disagree and I already made my point.. even though you are bringing up a new point, in your later response. 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. Weren't you using their service or some similar service (about a year or two ago) and then you came into this thread and told us that we were all dummies if we weren't earning interest on our bitcoins? Never used it, just said it was an option for generating yield on your BTC. I would rather wait for banks with their government/Fed guarantees for something like that but even then I probably wouldn't do it because the rates would be shit. I was selling OTM call options, and unfortunately that has been going well. I say unfortunately because the very easy money made on that has been possible because the BTC price has been decreasing for so long. Also was only doing that on like 2% of my total holdings. holding off on that for the moment because I think strong up spikes are possible now with the amount of negative sentiment we have. Playing the spread on futures and spot was the other option but that is a no goer trade at the moment. Never did that either. |
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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. srsly? hardly, imho. I remember this thread being a desert. A lot of people had given up. maybe, but mining threads were as active as ever, maybe much more than today 'cause many people were mining with S7. I think it was the last tolerable miner as far as noise at home is concerned (S9 and later had to go to a basement, a different structure or to a separate facility). Majority or users (even back then) were not miners though. Higher lows look like a promising reversal 100k next week |
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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. 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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