Here is an 'interesting" suggestion re new poll on WO:

How much are you currently losing "on paper" from the ATH in your current bitcoin position (not counting the profit/loss from earlier sells)

1. less than $1K
2. between $1k and $10K
3. between $10K and 100K
3. between $100K and $1 mil
4. between $1mil and $10mil
5. between $10mil and $100mil
6. Above $100mil

Not sure if people would be honest in their answers, but am curious to see the spread anyway.
EDIT I also think that it is more interesting to measure from the ATH instead of the profit/loss since every individual buy price is different, but ATH is the same for everyone.

go on margin?
...sorry...too soon?

They say it's equal to 320,000 tons of refined Au, so more like 1%, but still, it's 2X of what was mined before (in ALL TIME).
P. Shiff is surely not happy.
Does it make Uganda the new Saudi Arabia? I doubt it.

Mr. Market is scratching it's proverbial head: "what can be a store of value"?
We already know the answer, not sure if and when they would agree en masse.
BTW, gold lost value recently, no surprise there.

Wow, mortgage is 6.28% compared with about 3.25% early in 2022.
https://www.cnbc.com/2022/06/14/30-year-mortgage-rate-surges-to-6point28percent-up-from-5point5percent-just-a-week-ago.html

btc should start shining at some point, right?

Yea, this kind of moves are always very risky.
You can't predict where the turn would be.
In fact, saying that it was 21K does not make it so.
Seems a bit "artificial".
75 points are already 'priced' in. no way they would do only 50 now.
In 6 mo my cash lump would earn 4% more or less...woo hooo.
We shall see what the price would be during and after those 6 mo.

A thought occured: M. Saylor is a giant death_wish...sorry, pal.
wtf did he (M.S) got so much on margin?
Should have just bought in cash+ a little (or none) on margin.
Now, obviously WS 'wants' to liquidate his position as they always do with all margins.

There must be a player or players behind this and it all point to one in particular...
..Who was the person who said that bitcoin cannot do transactions recently?
Where did celsius funds go?
Make your own conclusions.

covid (march 2020) was the biggest, went to 300 WMA on a wick.
average was 5.3K, went to 3.8K, so about 28% below 200 WMA.
The equivalent (on a wick) would be about 15.8K (just numbers, no prediction whatsoever).

maybe 40 leftover, but yea, pretty much so.
It's just difficult to time the trades well.
You blink and could be buying 5K above your sell.
js

right here plus minus $100

Peter Brandt is depressing....but has one valid point to consider:

in his opinion an asset that repeatedly declines more than 80% is not an investment, but speculation.
Well, 80% down from 67566.87 (highest closing vs intraday 68789.63) is $13513.
Currently, we are at about 66.7% decline from the highest closing.

So, if you subscribe to PB view, it's showtime for bitcoin to show it's mettle as an investment vehicle.
Note that I don't talk about a "store of value' because i don't think there is one, unfortunately.
I guess clean water, food, air and a powered shelter are 'stores of value', but we can't put them in a "bottle" to use when needed.

yes, those $3K/year are not very generous, lol

I always say that you have to buy in RISING market, not in dropping one.
I know that it is counterintuitive, but it is so.
Of course, timing is still tricky because you can have a temporary reprieve that could last months.

Interestingly, btc dominance is declining slightly, but it is a false signal.
it does not mean that alts are doing better, it simply means that everything is depreciating vs stablecoins.

OK, now that we are in OFFICIAL bear market in stonks, what's your opinion on ultimate stonks bottom?
I think it would be somewhere between 3337 and 2250 SP500 (completely negating the COVID bump)
At 3337 it would be a 30% decline.
At 2250 it would be a 53% decline (might take a year or two).

When SP was 3337, btc was about 10K
When SP panic dropped to 2250, btc was at 3.8K

Add to it more scarcity in btc now and we should have better outcomes than prior numbers, but it is quite sobering.
It is also entirely possible that large money people would start to "escape" from SP500 and into bitcoin.
We shall see.

I always do it in late November (for stocks), then rebuy >30 day later.
For btc or anything else-anytime is OK as long as they don't change the law for wash sales, but chances are probably zero that they would before the end of the year.
That's just me.

the product quality vs price, perhaps?  
EDIT my bad, I thought it is $400

this "psycho" is still here.....and have some unused funds.
was thinking of using them at the 'bottom' of the stock market plunge, but might put into btc instead...in due course.
Not buying the falling knives, though, although it is tempting.

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).

srsly? hardly, imho. In 2015 people were treating btc more like money, there was no planB, "store of value" (for most part), etc
Many people were just "playing" with the concept.

selling at $220 was not frown at for most of 2015.
It depends what did you sell it for.

@JJG...sucks to be me, then, lol