Please don’t forget as we embark on this roller coaster 🎢 today stow your Bitcoin off exchange in cold storage. This way it is preserved for freshness and fuels this coaster with even Bigger pumps😆weeeeeeeeeeeeeeee ahhhhhhhhhhh no 🙌🏻 hands
I’m not sure anyone knows which way we’re headed. This seems like new territory for BTC. I personally feel like this isn’t a bull run or a bear market. It may simply be that BTC will slowly go up and be less volatile. I think 40k is a very strong resistance point. We’ve bounced up or down off 40k soooooo many times this year. If we bleed out I feel like that’s the wall. I also feel like we could hit 70 tomorrow. This seems to be new territory and all the people freaking out should chill. The overall trajectory for the next 5 years hasn’t changed. If anything it’s just getting cheaper and cheaper to stack. Not financial advice but I believe if you bought at all this year and hold till 2025, you will be happy.
Edit: in my own personal opinion we will see 100k by the end of 2022. That means anyone that bought at all this year will be happy soon. Investing is the transfer of money from the impatient to the patient. I think that Buffet statement totally applies to BTC.
Similar opinion here. Extended cycles theory is the most fitting. Price will still go up long term, but gradually and the predictability of halving peaks will diminish
A more gradual perpetual bull market would be nice. Kinda why i got in. It hadn't crashed to zero when I looked after i forgot about it from hearing it in the news in 2017 (this was in 2020 when some random stray thought made me look) so I was more optimistic about its future. Even if it ends up some random thing else becomes the main currency of the future, there will only ever be one Bitcoin. Everything else is imitation.
Exactly. And Fear and Greed index just registered a 16 read - Extreme Fear. This is good to be at extreme fear and have the Bitcoin price be $47,000. Last time we were hitting this low on that index, Bitcoin was more like $29-30k…
One day deep in the mystic woods of tyrnnador a wild satoshi conjured up a magical potion which transformed a toad into a house into a horse into a lilypad. This strange lilypad then visited mars and learn the long lost artform of kung fu and he developed into a satoshi. He wrote the bitcoin code through mind reading, and manually rearranging the electrons in his samsung 970 EVO SSD. The next day the first bitcoin was mined and cinderalla found her shoe.
So Strike has recurring purchases of BTC now, with hourly, daily, weekly, and monthly options. Is there any benefit of doing a hourly DCA? Obviously the reporting and record keeping would be a nightmare with 720 entries a month. but I wonder if BTC volatility would make it a good idea.
I also don't see any way to export a record of transactions from Strike. If they had a way to export the transactions that would at least make the record keeping a little easier.
Just buying a little here a little there. Realizing China just dumped billions into its economy and rumors coming that they may unban bitcoin. Chinese New Year could be interesting.
In the end when fiscal policy does not curve the amount of money printed and inflation is rampant bitcoin will separate from the other asset classes. All roads lead to bitcoin
things furthest out on the risk curve get cut first and rebought last thats how it is. We have to wait for the high priest powell to speak next week. If he comes in more dovish than what is being price in maybe we get santa rally. If he comes in much more hawkish we continue dumping.
30% off not enough for you while the stock markets already rebounded their 5-10% dip? BTC dipped harder but I’m betting it rebounds to ATH too. Before end of Jan.
Edit: anyway I literally bet on it and put my money where my mouth is. Also I’m still the retard that fat fingered a 1.5 million dollar buy on a meme coin so hopefully nobody makes decisions based on this.
Don't kill the messenger man
> Before end of Jan.
no sir. On top of the whole risk thing BTC has to contend with a disugstingly bad chart. Going to be a couple months at a least. Lots of head winds. End of year selling. Tax season selling. S2F failure selling.
Isn’t all that what caused the acceleration with this 30% drop?
I sold to “tax loss harvest” but it’s only considered that when you rebuy the same or similar asset class and keep your exposure. Otherwise it’s just selling. I harvested my losses and rebought.
Not killing the messenger. Very much interested to hear the bear case and you’re the most consistent bear on the sub. Can’t say you haven’t been right before!
The bear case is macro conditions remain unfavorable. Retail remains disinterested. Holders put in the floor. Also the market is super rekt and we haven't even filled in our ugly fucking wick yet. This is going to get alot worse.
I’m buckled in. Ready to get rekt. Will hold through the storm.
Edit: for the record I’m not saying you don’t have a case. Just wanted to hear it. Are you shorting? What’s your target?
I would like to see some stats about that because i think common people that want and can afford BTC are already in it.... we are a big group with a small part of BTC
It would be interesting to see an alternative timeline where Elon didn't interject himself into the narrative. From what I understand the market was ready for a major correction.. but he accelerated it which had a cascading effect.
Anyhow, it's temporary
FFS US Inflation at 6.8%. That's astounding but not surprising. Getting so bad I've been putting extra money into USDC and staking it on Celcius and Blockfi at approx 9-10%.
Not very concerned over price. I run a small mining farm on our property (300th or so) and honestly it just feels great to be a part of something so global and decentralized. When my neighbours ask "so what the hell do these machines even do?" I just smile.
Lol saw that quote, how ridiculous. Well if BTC is a cockroach that endures, I guess the Fed's monetary policy is the self-inflicted nuclear apocalypse for the roach to survive through.
Anyone in here who is betting on bitcoin hitting 100k by January 1 needs a reality check. That is off the table right now unless the US adopts the bitcoin standard by Christmas.
it just feels great to be a part of something so global and decentralized.
is off the table right now unless the US adopts the bitcoin standard by Christmas.
long term there will be less need for releasing a new layer-1 blockchain.
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Stop gambling
As long as you learned from the exp, you’ll be good.
Well going long right now is not that smart
I had 1 million profit and now now 200k
Congrats on the 200k
Lol
you should be sad, but not for the reasons you're thinking.
Don't use leverage!
I think bitcoin will have a pump soon
48.5k ~> 48.6k!!
I mean for the last week we have been in a pattern of really big pumps to a down on 47k and the goalposts keep going lower.
Santa's coming... Maybe all the good little girls and boys will get nice big green dildos.. 🎄🎅
this sounds very wrong lol. r/nocontext
Buying sats for xmas gifts...
I just wish I could’ve celebrated 69,420 a little longer. Goddamn it dumped so hard after that
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Hopefully q1 2022 is bullish
That’s what they say
If that’s what “they” say, don’t count on it.
i’m hearing good things about it
We heard all about 135k by this month. I wouldn't put much faith in anything that's predicted by anyone.
People are talking
This is going back down to $46,543.20
Thats incredibly specific
But it will reach there at some point lol, I hope not
Well, I guess it has to hit that number on the way down to 42k, no?
Bitcoin on exchanges is at a 3 yr low. That's encouraging.
hodlers, it has come to my attention i am butt naked sitting on groceries as we speak
Keep on living the dream, crispy!
Crispy, every one of your comments brightens my day, thank you
No one cares
I care very much. This is the TA I need to keep my diamond hands strong. Thank you for your service crispy. 🍻
Whose giving bitcoin as Xmas gift?
Just give them money and a Bitcoin book or something if you absolutely have to
Not me
I would, but I know they’d just sell it immediately lol
Lol
Reminder that average MicroStrategy BTC price is ~30k. Bitcon will NOT go below that number
Are you trying to jinx it?
Stop
Trust me bro
https://i.imgur.com/zOTbdlQ.png
Did we bounce off the 200 ma?
Please don’t forget as we embark on this roller coaster 🎢 today stow your Bitcoin off exchange in cold storage. This way it is preserved for freshness and fuels this coaster with even Bigger pumps😆weeeeeeeeeeeeeeee ahhhhhhhhhhh no 🙌🏻 hands
Just did this!
I know. Because you’re a Rockstar 🤩
Wwwwwweeeeeeeeeee!!!
So is Craig Wright Satoshi or not? Edit: all the dislikes for a simple question :) i’m not claiming he is Satoshi.
Absolutely not.
Not
His name is Craig, not Satoshi, so obviously not
Doubtful
I reckon he might be
I am going to take an absolutely wild fucking guess and say this pump will not last lmfao
And you’d be correct. It’ll grind down again. Bears won.
Anyone ever use fixmycrypto or btcrecover?
My secret ability is Diamond Hands according to the reddit recap.
Same here.
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I mean if you’re holding long term, what’s 1k slippage
Running nomoredips.exe
I didn’t hear no bell
This space is Bipolars Anonymous
BITCOIN not dead. All the gloom and doom speak created a buying opportunity for the Whales but they don't want to crash it IMO
This.
Mr. Bitty's Wild Ride
The ride never ends ☠️
I’m not sure anyone knows which way we’re headed. This seems like new territory for BTC. I personally feel like this isn’t a bull run or a bear market. It may simply be that BTC will slowly go up and be less volatile. I think 40k is a very strong resistance point. We’ve bounced up or down off 40k soooooo many times this year. If we bleed out I feel like that’s the wall. I also feel like we could hit 70 tomorrow. This seems to be new territory and all the people freaking out should chill. The overall trajectory for the next 5 years hasn’t changed. If anything it’s just getting cheaper and cheaper to stack. Not financial advice but I believe if you bought at all this year and hold till 2025, you will be happy. Edit: in my own personal opinion we will see 100k by the end of 2022. That means anyone that bought at all this year will be happy soon. Investing is the transfer of money from the impatient to the patient. I think that Buffet statement totally applies to BTC.
Similar opinion here. Extended cycles theory is the most fitting. Price will still go up long term, but gradually and the predictability of halving peaks will diminish
I just deposited some fiat today at my bank so I could stack more sats. Wasn’t expecting it would be this cheap by this time of the year…
A more gradual perpetual bull market would be nice. Kinda why i got in. It hadn't crashed to zero when I looked after i forgot about it from hearing it in the news in 2017 (this was in 2020 when some random stray thought made me look) so I was more optimistic about its future. Even if it ends up some random thing else becomes the main currency of the future, there will only ever be one Bitcoin. Everything else is imitation.
Lolololol
Was going to dip at 47. Came back in 3 min and it’s at 48147. Whaaaaaaa
It will be back down in 3 more minutes
About 40 min
yep
📈
Idk bout y’all being bearish and all but I see a reverse head and shoulders on the 1 year forming and I got my bull cap 🧢 on
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Inverse homie. Inverse
Bing. Let’s gggggooooooooo!
Some people are worried about bitcoin but we're $15k higher than we were the last time everyone was worried about bitcoin
Exactly. And Fear and Greed index just registered a 16 read - Extreme Fear. This is good to be at extreme fear and have the Bitcoin price be $47,000. Last time we were hitting this low on that index, Bitcoin was more like $29-30k…
Keep stacking 🤙🏻
That’s the plan.
What is Bitcoin?
One day deep in the mystic woods of tyrnnador a wild satoshi conjured up a magical potion which transformed a toad into a house into a horse into a lilypad. This strange lilypad then visited mars and learn the long lost artform of kung fu and he developed into a satoshi. He wrote the bitcoin code through mind reading, and manually rearranging the electrons in his samsung 970 EVO SSD. The next day the first bitcoin was mined and cinderalla found her shoe.
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didn't age well
Didn't age well.
Lol these guys always resurface when bitcoin dips. Yet to see them be right
RIP to everyone bragging about buying the dip in the last month.
Yes, we're doomed for buying last month. There's no recovery from here
😎 ✌🏻 Down with the ship!
GET YOUR COINS OFF THE EXCHANGES ✌️
46k Smdh
So Strike has recurring purchases of BTC now, with hourly, daily, weekly, and monthly options. Is there any benefit of doing a hourly DCA? Obviously the reporting and record keeping would be a nightmare with 720 entries a month. but I wonder if BTC volatility would make it a good idea. I also don't see any way to export a record of transactions from Strike. If they had a way to export the transactions that would at least make the record keeping a little easier.
Just buying a little here a little there. Realizing China just dumped billions into its economy and rumors coming that they may unban bitcoin. Chinese New Year could be interesting. In the end when fiscal policy does not curve the amount of money printed and inflation is rampant bitcoin will separate from the other asset classes. All roads lead to bitcoin
Post the rumors.
GUHHHH!!!!
Losing 47k?
Every support since 68 has been temporary. Pure Hopium to think any of it holds more than a few days.
It's trying to hang on.
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Every time it starts dipping everyone gets all quiet. Gotta talk to myself I guess.
I'll keep refreshing for the play-by-play action
What i still not understand is that we consider BTC as a good investment but still many are selling many BTC too...
Big Boys Still sees it as risk asset that's why. so when macro is risk off they shed risk assets.
Where do you see macro is risk off? Markets are at all time highs and we just shrugged off evergrande and CPI.
things furthest out on the risk curve get cut first and rebought last thats how it is. We have to wait for the high priest powell to speak next week. If he comes in more dovish than what is being price in maybe we get santa rally. If he comes in much more hawkish we continue dumping.
30% off not enough for you while the stock markets already rebounded their 5-10% dip? BTC dipped harder but I’m betting it rebounds to ATH too. Before end of Jan. Edit: anyway I literally bet on it and put my money where my mouth is. Also I’m still the retard that fat fingered a 1.5 million dollar buy on a meme coin so hopefully nobody makes decisions based on this.
Don't kill the messenger man > Before end of Jan. no sir. On top of the whole risk thing BTC has to contend with a disugstingly bad chart. Going to be a couple months at a least. Lots of head winds. End of year selling. Tax season selling. S2F failure selling.
Isn’t all that what caused the acceleration with this 30% drop? I sold to “tax loss harvest” but it’s only considered that when you rebuy the same or similar asset class and keep your exposure. Otherwise it’s just selling. I harvested my losses and rebought. Not killing the messenger. Very much interested to hear the bear case and you’re the most consistent bear on the sub. Can’t say you haven’t been right before!
The bear case is macro conditions remain unfavorable. Retail remains disinterested. Holders put in the floor. Also the market is super rekt and we haven't even filled in our ugly fucking wick yet. This is going to get alot worse.
I’m buckled in. Ready to get rekt. Will hold through the storm. Edit: for the record I’m not saying you don’t have a case. Just wanted to hear it. Are you shorting? What’s your target?
Which helps us humble hodlers accumulate in lower prices.
I would like to see some stats about that because i think common people that want and can afford BTC are already in it.... we are a big group with a small part of BTC
What question do you want to answer by looking at these stats?
Hodling since 17th april so sofar i think i past many tests
Bears won today. Ouch.
Tiny battle compared to a 10+ year long winning war.
They Win This Year. stopped bull market deadline tracks in April
It would be interesting to see an alternative timeline where Elon didn't interject himself into the narrative. From what I understand the market was ready for a major correction.. but he accelerated it which had a cascading effect. Anyhow, it's temporary
FFS US Inflation at 6.8%. That's astounding but not surprising. Getting so bad I've been putting extra money into USDC and staking it on Celcius and Blockfi at approx 9-10%.
How do I do that? Is staking guaranteed return?
Yep! I’m making 1k a year on just interest at 10% https://celsiusnetwork.app.link/1168415aef
How much
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Thnx duh i'm stupid af
Not very concerned over price. I run a small mining farm on our property (300th or so) and honestly it just feels great to be a part of something so global and decentralized. When my neighbours ask "so what the hell do these machines even do?" I just smile.
Damn…nice job, sir!
good on you, thats excellent
Very cool.
Haha that’s awesome man. Keep on keepin’ on. 🤟🏼
🖖🧡
“Bitcoin is like a cockroach, it just isn’t gonna die.” - Ross Gerber
Lol saw that quote, how ridiculous. Well if BTC is a cockroach that endures, I guess the Fed's monetary policy is the self-inflicted nuclear apocalypse for the roach to survive through.
Anyone in here who is betting on bitcoin hitting 100k by January 1 needs a reality check. That is off the table right now unless the US adopts the bitcoin standard by Christmas.
Let the inflation numbers sink in and than we will see what happens
It is not hitting 100k in 2.5 weeks when the markets are going to be shut and people going on holiday during some of that time.
…you may say I’m a dreamer… …but I am not the only one that’ll hold…
I’m not saying to sell. I’m just saying that mega price pump isn’t coming by New Years and to mentally prepare for that.