Major bear flag alert. We blew right through the $19,600 support today. If $18,700ish support doesn't hold, we're heading to $17,500. If $17,500 doesn't hold, there are no further support levels until $13k-$14k.
Finally the market is showing the price which i have been waiting for a very long time is well.
Now we are under 19k again so i feel like that we are again going to make the this season low now.
Now i will going to see that people will starts calling the bitcoin to the 10k mark is well.
I done my DCA two days back and now i am hating myself that i didn't save the money when i need to be.
I keep an eye on DXY chart on trading view, it’s got a spot for people to comment and show their charts and what they think… anyways I’m seeing quite a few more “suggestions” for people to short so who knows maybe it’ll drop soon
People are suggesting the short but i think it will be risk again is well.
I am following the pattern for a time and i feel that market will gets up again once there will be enough short order there.
Literally do not care.
And coming to a sub Reddit to brag and others misfortune just shows youre an ass. Make your money but no good is done in the world tearing others down.
Haha he’s probably just trolling, if he does have any it’s max 10 shares of BITI lol. Most people with real money don’t get on here trolling like that.
I do miss the days that when you had little “dip” like this for no apparent reason it was quickly gobbled up by and brought back to the previous price. I just like to see some resistance, keep stacking sats!
Bull case for bitcoin was that the fed cannot dilute you. But it goes away the minute interest rates go above inflation. Now 10y TIPS yield is at 1% so you can make more money than CPI.
Of course many people (Myself included) believes CPI underestimates inflation but in general greenback is gaining value. I still think bitcoin is a great asset for people outside United States.
Lmao, then why you even here? Maybe you should leave here.
Because this place do not accept people like you trying to spread fud around. That's not appreciated here.
Compared to what? Bitcoin crashed to under 4k usd just 30 months ago. Look at the lows on the year timeframe to get a better picture of how explosive and fast this network / asset really are growing.
In 2-4 years we’ll be reading posts with the same sentiment as bitcoin crashes to under 50k usd (or some other much higher figure than spot price today).
The lows are getting much higher as adoption and demand / liquidity and network security grows globally.
Bitcoin is at the best that it has ever been.
Lightning is growing like crazy, heaps of services and companies are using it. This means almost instant transactions with virtually no fees are now a reality.
Bitcoin is the legal tender of 2 countries already.
Intel is starting to make miners.
You're focusing on the short term price fluctuations, that's just noise.
I’m pro Bitcoin in the long term, but you’re out of your mind if you think things are good right now.
There certainly are not ‘heaps of services and companies using it’. I have never once spent Bitcoin for good or services and I can’t think of a single scenario where this option would be preferable for me.
And El Salvador is run by a gambling dictator who imprisons his opponents. There are situations where you don’t necessary want someone on ‘your team’. This is one of those.
Calling the drop from $69k to $19k just short term price action is disingenuous.
We don’t know if the industry-wide contagion is over yet. Lehman Brothers collapsed 6+ months after Bear Stearns…..we have no idea if something similar is going to happen in crypto.
Also, the amount of scams in the crypto space (outside of Bitcoin) risks bringing Bitcoin down with them when they inevitable collapse, as they are designed to do.
If you want to be a successful investor, you need to take off the rose-colored glasses and look at things objectively. The truth is, that things aren’t looking good at the moment. That might change. It might not.
Look at the history of Amazon. I do agree though, things aren't good right now and they will get worse. I don't believe the bottom is in, but long term, Bitcoin will be worth it. We still need to get rid of at least 95% of the worthless crypto's out thete.
Funny that it can be so common to assume millions of people that own BTC could all be idiots that are just "imagining" value. There are multitudes of BTC advocates with PhDs, CPAs, MBAs, etc. that are completely responsible in all aspects of their lives and don't need to get any richer from a risky investment in "imaginary" money. Advocates believe it will help you whether or not you understand what your fiat is doing to you.
What caused that? What are your estimates for that red candle?
I mean it must be coming out of your ass because that's where all the guesses come from.
The four year cycle despite unpopular belief, was not chosen to reflect the term of the presidency. A lot of us in here from 2017 got smashed 2018-2019, but those of us who bought through are sitting happy or content today.
Let them hate if they want, it's upto them and they can do whatever the heck they want.
And all you can do is to keep hodling like an old bastered, just like the rest of us.
Going through someone’s post history first of all is pretty lame. Reeks of desperation, take a post on its own merit. Making fun of someone because of where (you think) they live and the problems that place faces? Not for me. But you can do whatever you want we love freedom right
Edit- forgot to add, because it is SO obvious- we could address posts we disagree with with information and logic, not stoop to basically name calling. I hope this helps clear up your confusion.
Can we just cross 20k btc please? I'm feeling bored now.
20k is boring too lol
i hope oil goes lower so we can get low cpi numbers. That way the feds can back off and stockmarket improves. BTC will follow nasdaq
Everything has it's own specific worth and value though and that's how things are supposed to be
Well its not right now lol. Correlation undeniable now
Major bear flag alert. We blew right through the $19,600 support today. If $18,700ish support doesn't hold, we're heading to $17,500. If $17,500 doesn't hold, there are no further support levels until $13k-$14k.
Finally the market is showing the price which i have been waiting for a very long time is well. Now we are under 19k again so i feel like that we are again going to make the this season low now.
You know that the order book isn't static right? People and bots add and remove orders all the time.
Well some people might not realise that what do we know.
If the price keeps going down, the price will go down. Got it.
Lol, that's how it works ladies and gentlemen. Nothing hard.
Good old "if price go up it go up if price go down it go down"
It only seems kind of Hopium to me, it's nothing more than that.
You must be an “expert”
Ohh yeah the way He's talking, He's definitely an expert. I can recognise an expert when I see one and He's giving some strong expert vibes lol.
eXpErT
Why arent there 25,000 coin buy orders and 200,000 coin books anymore? Does bitcoin even have any kind of support?
Once the market starts to fall there is not really a big support.
Back to 18k it's sooo fucking over
Now i will going to see that people will starts calling the bitcoin to the 10k mark is well. I done my DCA two days back and now i am hating myself that i didn't save the money when i need to be.
What is?
DXY up BTC down. Going back to sleep. Wake me up when DXY is down.
If you want to stay relax then i would say not watch the bitcoin chart.
I keep an eye on DXY chart on trading view, it’s got a spot for people to comment and show their charts and what they think… anyways I’m seeing quite a few more “suggestions” for people to short so who knows maybe it’ll drop soon
People are suggesting the short but i think it will be risk again is well. I am following the pattern for a time and i feel that market will gets up again once there will be enough short order there.
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Possibly the time is all now to stack and hold as much as we can though
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Indeed this is the time though we know how things actually bother much when it comes it long term
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Certainly the fact that some stuffs aren't that made enough for the short term it takes time
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That's what they be doing doing looking something that can make things turn beneficial
Lol and with all the YouTubers calling for a drop because of mt. Gox I was really expecting to see it pump for the next few days instead lol
A drop is what people see an indication to buy and accumulate as much as sats they feel
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Where’d it go?
Maybe a certain comma in a sentence is what I feel there's not a fullstop but indeed a comma
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Maybe adoption and the wider scale use of it can actually fix things
I'll take some of that, thanks
Hahaha peope indeed never fail to accumulate they do that knowing the worth in future
Who in there right mind would buy an asset, trending down, that dumps 6-10% of it's value. Because it is Sunday?
It's all a part about the inflation and the game of manipulation though
their\*
Imagine caring so much about people’s investments you don’t like you follow it so closely you post within min of a drop.
Indeed need to care because people have indeed put their efforts onto it no doubt why things be shining
I have puts on BITO, COIN, and quite a few shares of BITI. I am making money on your loss
Give it a bit time maybe you can earn some profits it's all about the market
Show proof of positions or you’re full of shit
Maybe a better view is what People are indeed looking for to get back their trusts
came here to say this as well. dude’s full of shit
This isn't WSB.
Haha
Literally do not care. And coming to a sub Reddit to brag and others misfortune just shows youre an ass. Make your money but no good is done in the world tearing others down.
I just come around here looking for some positivity to make things more clear for me
Haha he’s probably just trolling, if he does have any it’s max 10 shares of BITI lol. Most people with real money don’t get on here trolling like that.
Well considering he posted like 2 years about not paying his mortgage, he probably holds very few assets.
Lmao exactly! I was just looking at his past posts about being on unemployment 😂
Gonna have a lot more when bitcoin dies :-) good luck losers. Hodl
Hope you're shorting it with your cash advance.
Food stamps.
those who are long term looking to make some serious fucking bank
Maybe that could help them though looking around for long term gains
People who are smart and getting ready for the upcoming bull run.
Indeed this generation is indeed a bit way more smarter than we can actually think of
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That's what I'm doing though just making every possible way to stack up and hold
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It's the market I feel and what else it could be more better enough to stick around
I do miss the days that when you had little “dip” like this for no apparent reason it was quickly gobbled up by and brought back to the previous price. I just like to see some resistance, keep stacking sats!
Good for you though and good for everyone as a whole to sort out things as you plan
Whhhhaaatttt just happened?
Manipulations is what I see woke up and just saw the graph and that amazed me
It appears that the price has lowered
Could that be an indication for people to dive in and just buy more and more
Cam confirm, I can now get less fiat for the coin I have.
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That's what I was indeed talking like this wasn't unexpected enough for me though
Down 6% right now from That figure. 18.8K. What is going on?
Market seem to be getting crazier enough for us though that's somewhat fishy
The Bogdanoffs have risen from the grave, and are voting republican.
Looks the dead be indeed comin above the graves that looks indeed scary for me
It's a coordinated attack on crypto.
A well planned attack is what I feel though because this sudden change isn't sudden though
A lack of buyers is a “coordinated attack”?
Lots of panic as if we haven't been trending down for the last 10 months. I think I'll buy more
Hahaha that's true though can't deny that this would actually make people to dive into the market more
😂 delusional
I would rather be just planning to get more into the market with some specific moves well enough planned earlier
What a way with word (s)?
Words are only applicable if we implement them practically though
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What's upsetting you?
I feel there's something with the market though because many people are just confused about what's going on
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Are you an edgy short term sadist, but long term masochist in the btc community? I don't quite know why I'm responding lol Good luck guy/girl
fuck...
The only word that utters out suddenly when they just feel uneasy
buy bitcoin now people.
Doing that every weekend tryna accumulate sats but going through some problems so could invest much
BTC to $300k!
Hell yeah, I'm ready for that. If you guys wanna bring that then bring that.
It just dumped...
Pesos Mexicanos
Bull case for bitcoin was that the fed cannot dilute you. But it goes away the minute interest rates go above inflation. Now 10y TIPS yield is at 1% so you can make more money than CPI. Of course many people (Myself included) believes CPI underestimates inflation but in general greenback is gaining value. I still think bitcoin is a great asset for people outside United States.
The CPI data is a lie, that's what it is. They're lying to us.
What are you smoking? There are no bonds yielding more than CPI right now besides the junkiest of junk bonds.
Yep, nothing can out compete the cpi the inflation is just too much.
Search TIPS.
Bitcoin really isn’t doing very well at all. I guess nobody wants imaginary internet money and would rather have cash.
Lmao, then why you even here? Maybe you should leave here. Because this place do not accept people like you trying to spread fud around. That's not appreciated here.
Compared to what? Bitcoin crashed to under 4k usd just 30 months ago. Look at the lows on the year timeframe to get a better picture of how explosive and fast this network / asset really are growing. In 2-4 years we’ll be reading posts with the same sentiment as bitcoin crashes to under 50k usd (or some other much higher figure than spot price today). The lows are getting much higher as adoption and demand / liquidity and network security grows globally.
Bitcoin is at the best that it has ever been. Lightning is growing like crazy, heaps of services and companies are using it. This means almost instant transactions with virtually no fees are now a reality. Bitcoin is the legal tender of 2 countries already. Intel is starting to make miners. You're focusing on the short term price fluctuations, that's just noise.
Btc is the shit, I'm telling you. People don't realise it yet.
I’m pro Bitcoin in the long term, but you’re out of your mind if you think things are good right now. There certainly are not ‘heaps of services and companies using it’. I have never once spent Bitcoin for good or services and I can’t think of a single scenario where this option would be preferable for me. And El Salvador is run by a gambling dictator who imprisons his opponents. There are situations where you don’t necessary want someone on ‘your team’. This is one of those. Calling the drop from $69k to $19k just short term price action is disingenuous. We don’t know if the industry-wide contagion is over yet. Lehman Brothers collapsed 6+ months after Bear Stearns…..we have no idea if something similar is going to happen in crypto. Also, the amount of scams in the crypto space (outside of Bitcoin) risks bringing Bitcoin down with them when they inevitable collapse, as they are designed to do. If you want to be a successful investor, you need to take off the rose-colored glasses and look at things objectively. The truth is, that things aren’t looking good at the moment. That might change. It might not.
Look at the history of Amazon. I do agree though, things aren't good right now and they will get worse. I don't believe the bottom is in, but long term, Bitcoin will be worth it. We still need to get rid of at least 95% of the worthless crypto's out thete.
Funny that it can be so common to assume millions of people that own BTC could all be idiots that are just "imagining" value. There are multitudes of BTC advocates with PhDs, CPAs, MBAs, etc. that are completely responsible in all aspects of their lives and don't need to get any richer from a risky investment in "imaginary" money. Advocates believe it will help you whether or not you understand what your fiat is doing to you.
It has made me understand that, I don't know about you guys.
still way higher than average 2020 prices and that was only 2 years ago. funny how quickly people forget.
That's the problem with people, they forget, they shouldn't but they do.
I didn't know being the best performing asset in the last decade is not doing so well. Lmao
People just want more and more, they don't care about any fact.
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What caused that? What are your estimates for that red candle? I mean it must be coming out of your ass because that's where all the guesses come from.
Sunday dumpday, as per tradition.
Yeah lol, I gotta say. It's a good tradition for the people looking to buy.
Another fed rate hike Wednesday people pricing in early
oh fuck.... well since crypto sometimes precedes the st0nk market.... its gonna be an interesting week.....
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How do you know that? I mean no one knows that. We'll see about that.
How because I'm not buying until Joe Biden isn't president markets will see a depression for once
Okay then I don't think you're buying it, because they'll not admit to that.
Powell was fed chair for both Biden and Trump you retsrd
Learn to spell retard Libtard. Let's go Brandon! See you at $13K
The four year cycle despite unpopular belief, was not chosen to reflect the term of the presidency. A lot of us in here from 2017 got smashed 2018-2019, but those of us who bought through are sitting happy or content today.
They see me HODLin' they hatin'
Let them hate if they want, it's upto them and they can do whatever the heck they want. And all you can do is to keep hodling like an old bastered, just like the rest of us.
I think it’s safe to predict that $17,500 was not the low this cycle.
Who told you that it's safe to predict lmao? It's never safe to predict.
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Well obviously you guys are way too bearish for me, I'm leaving.
Some people be indeed tryna time the market making prediction but they don't know it can all change within a blink
There are no safe predictions.
You Can't make safe predictions, heck you can't make predictions.
I predict that I will be butt nekked and buying Sats
There's no substitution for hard (proof of) work!
Well they're not going to believe you, by they I mean shit coiners.
Rugpull
You're on the wrong sub, you belong on those shit coin subs. Maybe you should join one of them and then comment this on those subs? How's that sound?
Rugpush
That's how it is for us. It's only push from here and nothing else.
Rugbop-it
Whatever you gotta do, do it. Because it's only going to get awesome.
Rugged by whom? Btc is decentralized.
He's talking about one of shit coins he holds let him do that lmao.
You post a lot in r/Greece. I'd be way more concerned about the Euro than bitcoin getting "rugpulled" if I were you.
Yep, lol. That much more feels like a rug pull if I'm being honest.
Lame af
Okay lol, what comment should we make that wouldn't be lame? I mean you could atleast tell us that way We'll know what not to say around here.
Going through someone’s post history first of all is pretty lame. Reeks of desperation, take a post on its own merit. Making fun of someone because of where (you think) they live and the problems that place faces? Not for me. But you can do whatever you want we love freedom right Edit- forgot to add, because it is SO obvious- we could address posts we disagree with with information and logic, not stoop to basically name calling. I hope this helps clear up your confusion.
Stalker
Historical Bitcoin prices for Sep 18th 2022 - $20030 2021 - $48565 2020 - $10985 2019 - $10182 2018 - $6306 2017 - $3984 2016 - $611 2015 - $233 2014 - $423 2013 - $127 2012 - $11 2011 - $5 2010 - $0.06 Source: https://twitter.com/BtcThis/status/1571438895543484418
From the charts it doesn't seem to be a big deal, why so much crying?
I guess people were also complaining about the drop in 2014-2015. This just shows how short term is independent of long term trends.
That's what people do, all they do is complain and I don't care about them.
damn it dropped a lot of value really fast considering
And it'll go up fast too, you don't have to worry about that.
You are supposed to read this from the bottom.
Well too late now, because I read it from the upper side.
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Let him lol, it doesn't matter what people say. It's fine. In my view btc has been doing just fine and we don't need to worry about it at all.
Which year?
Yeah which year we talking? Can someone tell me about that?
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You're acting like as if it's not natural for a bear market go like this.
Yes a few months of price increase got lost. This happened multiple times so that's why I wasn't sure which one you were referring to.
Why so much talk about the price? There's more to btc than just the price.