somac.
Legendary
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Activity: 2104
Merit: 1237
Never selling
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Holy shit! What a massacre! Frankly, I don't remember anything like that happening during a bull season. So, the paperhand japs are selling because their markets are f*cked, billionaires want a final squeeze and cheap coins? I. Need. Hopium. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) It's all good, don't worry. This is just another Covid crash scenario, wait till you see the price in a years time, you'll be planning which island to buy.
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ChartBuddy
Legendary
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Activity: 2296
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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![](https://bitcointalk.org/Themes/custom1/images/post/lamp.gif) |
August 05, 2024, 08:01:13 AM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F05%2F13%2Fstamptabd4c8d77ff1434356.png&t=665&c=nXv9VrDDMSywTA) ExplanationChartbuddy thanks talkimg.com
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NotATether
Legendary
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Activity: 1722
Merit: 7244
In memory of o_e_l_e_o
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Well, crashing to 52K wasn't on my bingo card. But hey at least I'm a wholecoiner now. Holy shit! What a massacre! Frankly, I don't remember anything like that happening during a bull season. So, the paperhand japs are selling because their markets are f*cked, billionaires want a final squeeze and cheap coins? I. Need. Hopium. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) It's all good, don't worry. This is just another Covid crash scenario, wait till you see the price in a years time, you'll be planning which island to buy. Scenes when Bitcoin breaks 100K in November
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DaRude
Legendary
Offline
Activity: 2881
Merit: 1864
In order to dump coins one must have coins
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2024, 08:06:46 AM |
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Holy shit! What a massacre! Frankly, I don't remember anything like that happening during a bull season. So, the paperhand japs are selling because their markets are f*cked, billionaires want a final squeeze and cheap coins? I. Need. Hopium. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) It's all good, don't worry. This is just another Covid crash scenario, wait till you see the price in a years time, you'll be planning which island to buy. The problem is that at exactly times like these bitcoin should be doing the exact opposite, going up. That's what it was made for, and not just some speculative risk off vehicle.
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OutOfMemory
Legendary
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Activity: 1666
Merit: 3312
Man who stares at charts (and stars, too...)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2024, 08:13:25 AM |
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#GM The best thing of today was me checking the price shortly after waking up. On the phone. Without my glasses. Thought i saw $61k, thought "alright..." When checking the WO an hour later: ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
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BTCaesar
Member
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Offline
Activity: 111
Merit: 23
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2024, 08:18:05 AM |
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Hop hop hop hopiummm
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BitcoinBunny
Legendary
Offline
Activity: 1540
Merit: 2766
Far, Far, Far Right Thug
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2024, 08:20:00 AM |
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Any more bright ideas, Mr Jerome Powell? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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BlackHatCoiner
Legendary
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Activity: 1638
Merit: 8101
Bitcoin is a royal fork
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Man, this is so fun, but I'm so out of cash rn.
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somac.
Legendary
Offline
Activity: 2104
Merit: 1237
Never selling
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2024, 08:25:31 AM |
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Holy shit! What a massacre! Frankly, I don't remember anything like that happening during a bull season. So, the paperhand japs are selling because their markets are f*cked, billionaires want a final squeeze and cheap coins? I. Need. Hopium. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) It's all good, don't worry. This is just another Covid crash scenario, wait till you see the price in a years time, you'll be planning which island to buy. The problem is that at exactly times like these bitcoin should be doing the exact opposite, going up. That's what it was made for, and not just some speculative risk off vehicle. I don't think it "should" be doing anything other than what it does. And it was made to be a decentralized ledger with a fixed supply which no single party can control, that's it. Despite the recent crash it is doing that just fine. I think for it to be a safe haven the market cap has to be a hell of a lot higher than it is now.
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somac.
Legendary
Offline
Activity: 2104
Merit: 1237
Never selling
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2024, 08:26:21 AM |
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Any more bright ideas, Mr Jerome Powell? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) To be fair this probably has a little more to do with the Japanese central bank.
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serveria.com
Legendary
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Activity: 2352
Merit: 1189
Privacy Servers. Since 2009.
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2024, 08:26:46 AM |
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Holy shit! What a massacre! Frankly, I don't remember anything like that happening during a bull season. So, the paperhand japs are selling because their markets are f*cked, billionaires want a final squeeze and cheap coins? I. Need. Hopium. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) It's all good, don't worry. This is just another Covid crash scenario, wait till you see the price in a years time, you'll be planning which island to buy. The problem is that at exactly times like these bitcoin should be doing the exact opposite, going up. That's what it was made for, and not just some speculative risk off vehicle. ... which means that it's not mature enough yet.... but give it some time and it will function as planned ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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BitcoinBunny
Legendary
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Activity: 1540
Merit: 2766
Far, Far, Far Right Thug
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2024, 08:38:01 AM |
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Any more bright ideas, Mr Jerome Powell? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) To be fair this probably has a little more to do with the Japanese central bank. US stock market was already crashing on Friday. He would definitely have had early access to the job data that caused that. They're just behind the curve all the time. People have been saying "we are never going to see zero percent interest rates again" I'm pretty sure that's where we will be headed towards eventually.
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somac.
Legendary
Offline
Activity: 2104
Merit: 1237
Never selling
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2024, 08:46:15 AM |
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Any more bright ideas, Mr Jerome Powell? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) To be fair this probably has a little more to do with the Japanese central bank. US stock market was already crashing on Friday. He would definitely have had early access to the job data that caused that. They're just behind the curve all the time. People have been saying "we are never going to see zero percent interest rates again" I'm pretty sure that's where we will be headed towards eventually. This Japanese thing started last week though. Powell of course has completely fucked up as well, but it's a team effort. 100% agree with you on the zero percent interest rates. In hindsight I think that will sound as stupid as the "higher for longer" crowd.
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modrobert
Sr. Member
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Offline
Activity: 385
Merit: 333
-"When the going gets weird, the weird turn pro."
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2024, 08:47:33 AM |
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Great idea, set the lifeboats (Bitcoin) on fire when the ship is sinking (other markets). Irrational people makes me tired. who is going to be the next mindrust?
Not me, but I was just thinking that. Some people will be panic selling for sure. I don’t use leverage to trade but I did consider opening a long but it’s not my thing so I didn’t. I’m balls deep in Bitcoin, more so than at any point in this cycle so I have limited fiat reserves for dip buying. If we sell off even more once US markets open or Iran starts bombing Israel then I will find the fiat from somewhere to buy a few coins. HODL the line, do not panic sell. Don’t do it publicly any way because your username will be engrained on the WO forever like dear old mindrust. Agreed, I'm balls deep in Bitcoin as well (and it's not the first time during a crash, always sucked at timing). Hmm, the surface should be around 65k USD, it's dive mode for the sub (das boot) again, back to listening for sonar pings, avoiding sink bombs and fixing leaks. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Ftalkimg.com%2Fimages%2F2024%2F08%2F05%2F5sUcj.jpeg&t=665&c=xsM_xTh0R82jMA)
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DaRude
Legendary
Offline
Activity: 2881
Merit: 1864
In order to dump coins one must have coins
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2024, 08:50:02 AM |
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Holy shit! What a massacre! Frankly, I don't remember anything like that happening during a bull season. So, the paperhand japs are selling because their markets are f*cked, billionaires want a final squeeze and cheap coins? I. Need. Hopium. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) It's all good, don't worry. This is just another Covid crash scenario, wait till you see the price in a years time, you'll be planning which island to buy. The problem is that at exactly times like these bitcoin should be doing the exact opposite, going up. That's what it was made for, and not just some speculative risk off vehicle. I don't think it "should" be doing anything other than what it does. And it was made to be a decentralized ledger with a fixed supply which no single party can control, that's it. Despite the recent crash it is doing that just fine. I think for it to be a safe haven the market cap has to be a hell of a lot higher than it is now. No one is arguing the technicals. I'm talking about perception, seems like we're still not ready and more time is needed ...
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somac.
Legendary
Offline
Activity: 2104
Merit: 1237
Never selling
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2024, 08:56:10 AM |
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Holy shit! What a massacre! Frankly, I don't remember anything like that happening during a bull season. So, the paperhand japs are selling because their markets are f*cked, billionaires want a final squeeze and cheap coins? I. Need. Hopium. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) It's all good, don't worry. This is just another Covid crash scenario, wait till you see the price in a years time, you'll be planning which island to buy. The problem is that at exactly times like these bitcoin should be doing the exact opposite, going up. That's what it was made for, and not just some speculative risk off vehicle. I don't think it "should" be doing anything other than what it does. And it was made to be a decentralized ledger with a fixed supply which no single party can control, that's it. Despite the recent crash it is doing that just fine. I think for it to be a safe haven the market cap has to be a hell of a lot higher than it is now. No one is arguing the technicals. I'm talking about perception, seems like we're still not ready and more time is needed ... People are stupid, takes a long time for them to wake up. We are the very early adopters.
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Ambatman
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Holy shit! What a massacre! Frankly, I don't remember anything like that happening during a bull season. So, the paperhand japs are selling because their markets are f*cked, billionaires want a final squeeze and cheap coins? I. Need. Hopium. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) It's all good, don't worry. This is just another Covid crash scenario, wait till you see the price in a years time, you'll be planning which island to buy. The problem is that at exactly times like these bitcoin should be doing the exact opposite, going up. That's what it was made for, and not just some speculative risk off vehicle. Unfortunately or fortunately Bitcoin exist in an environment. I can say Bitcoin is a lil unlucky this period surrounded by various instability in the environment US election, interest rates fluctuations, instability in Middle East ( https://www.google.com/amp/s/www.bbc.com/news/articles/c80xxeqel5po.amp) and not excluding the Japan Stocks record decline. It's like we heading towards a macro/Geopolitcal collapse. Many first choice during Crisis is Gold and after a lil while some starts optioning For Bitcoin Same occurred during the Covid pandemic We just have to be patient for now.
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ChartBuddy
Legendary
Offline
Activity: 2296
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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![](https://bitcointalk.org/Themes/custom1/images/post/lamp.gif) |
August 05, 2024, 09:01:16 AM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F05%2F13%2Fstamptabd4c8d77ff1434356.png&t=665&c=nXv9VrDDMSywTA) ExplanationChartbuddy thanks talkimg.com
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Gachapin
Legendary
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Activity: 1036
Merit: 2072
bitcoin retard
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2024, 09:24:06 AM |
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Ugh. Not the 50s again ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) haha now you can be happy if we stayed in the 50s ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Paashaas
Legendary
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Activity: 3518
Merit: 4566
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August 05, 2024, 09:46:44 AM |
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Congratulations German goverment for dumping their bag at the top.
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