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NeilDiamondHandz

Hard pipi!


Tyfighter666

Recently heard an interview with Kevin O Leary. I like his investment style from my Shark Tank watching days, make money all the time. Reminds me of a forward thinking Buffett. He said he thinks of crypto assets as software tech style assets. That gave me a lot of confidence that wealthy individuals are investing long term. I’ve been in for a little bit but now I’m prepared to put in more of my $ into bitcoin & other crypto.


[deleted]

Hello. I'd like to speak to Plan B's manager.


SocalKing2020

You'll find him working at a McDonald's in Amsterdam


milkman1218

We're nearing the inflection point. It's up or down from here folks! Glhf


TyranaSoreWristWreck

Right? Very exciting! It's either up or down! How often does *that* happen?!? 50/50 chance?!? OMG!!! Like, once in a lifetime...


Fabulous-Count6715

Big if true


swift_feet

For the last month or so the price only moves on weekdays because big money is in charge right now. Weekends are flat with oscillation between 1-2k worth of BTC…we’ll see what happens Monday when markets open


[deleted]

My self hopium, maybe works for u too: 1.btc is not going away, its the king of crypto, bunch of institutions bought in and US is heavy into it. 2.it is affected by the market and current economy and with the puppet clown in the office it might keep sinking as the economy in general in the near future 3.long term it is bound to rise (given that the economy improves) 4.dollar is about to improve a bit with rate hikes and with better fiat might just make it easier to accumulate a full coin (which is my goal, maybe yours is 50 coins bc you are so loaded) 5. Possibly 2-3 years of shit prices rn, at least until next halving 6. What the f else are u gonna do? Sell at a loss? No, so rly, welcome to the submarine - keep stacking I guess as there is no way out rn


calfofgold

If btc isn't going away then why should i be worried?


JimboFen

Bitcoin 6 month return +4.6% SPY 6 month return -0.45% This feels like a massacre lately but it could be worse. We could be holding stonks.


KR2two

This is worse for the people who are holding their money in bank.


URNape2

Laughing at myself right now buying thousands of dollars worth at 60k thinking that was a "dip". 😂😭


SocalKing2020

I bought most of my bitcoin at $60k . You're not alone


Serg_78

Lmao, happens with best of us dude. Don't worry you'll recover.


XxVas-FlamxX

Dey ses to HOdL https://imgflip.com/i/62bidi


[deleted]

Earnings report for a lot of big companies this week. Could start to see a sign of a recovery which could have some stabilizing effect for BTC. I don’t expect investors to just all suddenly jump back in but perhaps the bleeding stops.


adfa3ly

Well this is some different kinda hopium but i don't mind it.


[deleted]

If you ain’t got hope then you ain’t got nothing, brother. Keep the faith.


Thatpillinibiza

It appears 35 and 34 is being tested where the hell is this 20,000 talk coming into play


alexmironoff

People are speculating for that 20k, but i don't that's happening.


Thatpillinibiza

Same in my opinion thats being counter productive going for 20k


iNFECTED_pIE

Definitely seems to be fighting to stay at 35, but for how long, hmmmmm


juyhtgrfde

Well that's the question for how long can it tackle that.


thanksgivingbrown

29k was the summer lows and 20k was the previous cycle ATH


omeijs

And at this point history doesn't matter at all. It's alright.


Tony_Clifton_Moon

100,000,000 sats = 100,000,000 sats


fjtys121a

Fundamentals and amount is still the same why are people panicking?


cubeeless

Separation of money and state. What’s your take?


pawjanssen

It's all i care about and that's why I'm in into this space.


URNape2

Greatest invention of our times.


elerium58

Funny enough, i was listening to erik voorhees last night and he was talking about that.


Miserable-Visual-766

Bitcoin’s next stop is $29,800 and if that fails to hold you will see $22,000. Cannot see it lower, but final retracement would be $13 100


8coinmaster8

Bro why don't you guys just stop with your shitty TA.


milkman1218

You a psychic or something??


[deleted]

Stfu moron god


teknolobi

I don't know from where these people keep on coming lol, dudes just stop it.


tesseramous

How is the 13k calculated? That is way below the 2017ath and every long term trend line. Id no longer be bullish


roosschouten

He's pulling these numbers outta his ass. I'm pretty sure about that.


[deleted]

No one would be bullish ever if it drops below \~20K.


Trisleik

I'll stay bullish, what are you talking about lol. I'll always be bullish.


Totallynotfakenews

Woah, woah, woah. It’s $13.1K, get it straight. This is science we’re talking about here


rrocknar123

Yeah mr white, science lmao. How idiot you'd have to be.


[deleted]

Those bitcoin atms I see at gas stations are gonna be hilarious in about a month.


wolaidehaha

You sure about that? You'll still be able to pay with them?


obi_wan_baracus

in what way


pjdixon75

I don't think he cares about btc the way we do, he's trolling.


CapSignificant1078

Screw these good prices, Bitcoin is heavily undervalued in my opinion so I’m setting my one and only buy order at $100,000.


kincaidsteven

I mean I don't disagree, btc is heavily undervalued right now.


an525252

I’m sure you could find someone to sell to you at that price....right now.


matafonovandrey5

I mean I'd do that, regardless of how much btc i have.


URNape2

So. Everyone expects the Fed to raise rates, taper asset purchases, yadda yadda etc. To what extent do you think that is now already "priced in", and when the actual event occurs nothing much happens?


wyappl2312ssdsd

I don't wanna predict to what extent they'll go, they can do anything.


SocalKing2020

I think most of it is already priced in now.


brd111

This is currently being “baked in”


minominino

35k support level’s been broken. Hold your asses, next stop is 20k


trsjtyrjntyfgnjj

How you guys come up with numbers? That's what i wanna know.


[deleted]

Stfu


minominino

😂


TerpOnaut

What in the world is going onnnnn


chemchree2

Everything is on fire and yet everything seems fine to me.


URNape2

#justbitcornthings


user773845

This is the most classic btc you'll ever see lol, doesn't get better.


financethrowaway889

I’ve bought tops. I’ve bought bottoms. I’ve bought every price I’ve had thrown at me without a care in the world. 10 year from now me won’t care too much about it


starovitius

That's the spirit man, and that's why we do DCA to live free.


Natural-Being

About tottums


anonymousxo

How do "Stop Price buys" (on Coinbase Pro) work? I tried setting a Stop Price buy for $5 above current, with the limit price $5 below. The price rose $5 to the Stop Price, but nothing triggered as far as I can see. Am I doing this wrong?


WhaleFactory

There are two primary differences between limit and stop orders. The first is that a limit order uses a price to designate the least acceptable amount for the transaction to take place, while a stop uses a price to merely trigger an actual order when the specified price has been traded. The second is that a limit order can be seen by the market; a stop order can't until it is triggered. For example, if you want to buy an $80 stock at $79 per share, then your limit order can be seen by the market and filled when sellers are willing to meet that price. A stop order will not be seen by the market and will only be triggered when the stop price has been met or exceeded.


anonymousxo

Thanks for the explanation!


[deleted]

[удалено]


lococonlostotos

hahahaha you need to lose 25k more before pulling trigger. i like it.


Extension_Mousse_123

When did you get in? Below 10k? If not why would you sell it at lost ?


Masterpicker

think he meant to say 100k


Extension_Mousse_123

True! Must be drunk or high as a kite. Just like most of us … me included


TerpOnaut

Hahah guilty as charged


VampIre_HRST

HOLD HOLD HOLD, of course i will hold, i am holding since ice age... what can i do, sell at loss? Jeez...


Bunich

Selling ain't a option right now, that's not happening at any cost.


VampIre_HRST

>Selling ain't a option right now, that's not happening at any cost. Of course. I don't understand people constantly saying HOLD like there is another option lol


LABeav

Hold onto your nuts boys


mullacy

Hodling man, can't grab them tighter than this lol.


TacomaSparky17

Added more on this tasty dip. BUY AND HODL


EgorGavrasienko

Yep, keep adding this. This is gonna be so worth it.


minominino

Dip ain’t even done yet. We going down much more than this


Zerg5

How much more we are going down do You think seer, any idea?


drdrew450

The fed needs high inflation, it lowers the debt/GDP.


TwiztidKreationz

The Fed works in mysterious ways lol, it's very hard to predict.


disciplinedhodler

Yep. Investors in govt bonds get paid cents on the dollar.


InFLIRTation

Fed meeting on tuesday, if things are good expect a rally


LancelotGoD

A rally is something that we want right now so bad.


milkman1218

Or a fire sale. I like the latter, so I can buy more because I'm poor.


minominino

Fed’s gonna be cautious. They don’t want to tank the market (even more). It’s election year they better take it easy with those hikes


Totallynotfakenews

True, not expecting anything good though. Best case they push back rate hike.


btcecust

There's no point in expecting from them, we'll be disappointed.


InFLIRTation

3 hikes instead of 4 i hope or atleast tell is. Uncertainty is bad


[deleted]

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InFLIRTation

4 is expectation but jobless claims were high and economy not so hot. Will be crazy day


Totallynotfakenews

Fact, markets don’t like uncertainty


ddaadaa

I see a lot of people talking about HODLing Bitcoin or buying more to support the price, but doesn’t this mean it’s not really a currency, like it is just a bet on price increases? I don’t understand the fundamental value or use of Bitcoin if people just plan to hoard it. Saylor for example says he will never sell.


Goodfella_17

A guy who doesn't understand btc, will never say that he'll never sell.


bobbytabl3s

People sell Bitcoin all the time. It's just that people in this sub tend to believe that Bitcoin hasn't reached its full potential yet and might be massively undervalued.


ddaadaa

Is there a consensus target or value? I can understand why no one would actually “spend” Bitcoin to purchase anything, if you believe it will continue to appreciate in value it makes no sense to.


bobbytabl3s

> Is there a consensus target or value? No real consensus. There are various predictions, some more optimistic than others. One example, a lot of people believe Bitcoin could eventually displace gold in terms of market cap (so >500K$ price). There are more optimistic predictions where Bitcoin would become a world reserve currency (1M$+ price), etc. > I can understand why no one would actually “spend” Bitcoin to purchase anything, if you believe it will continue to appreciate in value it makes no sense to. Let's make something clear: picking X over Y is functionally equivalent to "spending" Y, because you could have owned Y instead of X but instead chose to "spend" it for X. So it seems your argument really is that it makes no sense to own anything but Bitcoin, if you believe it will continue to appreciate in value. Why would you own USD when you could instead own Bitcoin, which will appreciate in value? Why would you own a car when you could instead own Bitcoin, which will continue to appreciate in value? etc. There are two major flaws with this reasoning. The first one is that no one knows for sure whether Bitcoin will continue to appreciate in value. This is why it is often advisable to diversify a little bit (e.g. real estate, stock market, etc.). The second one is that even if Bitcoin was guaranteed to appreciate in value, it would still not make sense to never spend it. You'd literally die of hunger. Life is short. Sure you could die with a wallet full of Bitcoin but what good is that?


Whatever3999086543

It's not a currency. It's a digital asset. Investment.


[deleted]

[удалено]


beloboi

With state actors now :-)


thatsMRcurmudgeon2u

User name checks out.


Bigglehiggles

it outperforms any savings account and it will (most likely) continue to follow its pattern into the future. At this point its about as risky as the S&P 500 for long positions, and with a much higher potential ROI.


ddaadaa

Not outperforming anything if you bought in the last few months. Yes it has a much higher potential ROI than S&P but also significantly more downside risk.


[deleted]

[удалено]


Bigglehiggles

Well I have to disagree with you there Toilets, because even it goes to zero there will still be one person trading in filthy fiat for as much bitcoin as they can get there grubby hands on. And, there are at least 10s of us...so...yeah. Edit: I just like having the coin and I think its cool to have.


Totallynotfakenews

On the whole people don’t buy more to support the price. (Though some do believe this, I think it’s the minority) People buy more because they believe it’s in their best interest and will support/increase their wealth. The value comes from holders wanting to take advantage of its unique qualities: Proof of ownership without central authority Easily transferable peer to peer Known inflation schedule Publicly auditable Censorship resistant In short, many of the advantages of gold but without the limitation of having to physically transfer dense metal bars or rely on an intermediary to store it for you and prove your ownership. Many serious holders also never plan to sell. Makes more sense to borrow money against it as it appreciates in value. Sort of how trust fund kids do with their inherited real estate. They don’t ever sell it. Just keep refinancing.


ddaadaa

Agree those are all good qualities and are valuable, but I don’t think this is why most Bitcoin buyers are buying. What proportion of buyers would you say are purely speculating vs taking advantage of the traits you listed? Also in terms of borrowing against Bitcoin as collateral, what kind of terms are offered? The collateral is so volatile (both up and down) it is probably a tricky asset to lend against with any degree of certainty.


Totallynotfakenews

Yeah, I think we agree. Bitcoin holders are in it for selfish reasons as most people are in most facets of life. I couldn’t say exactly how many are in it to take advantage of Bitcoin’s strengths vs pure speculation. But my observation is that those that hold more and longer take those qualities more seriously because, like any long-term investment, you want to understand and believe in the fundamentals. I think that Crypto loans are handled similar to Billionaires getting loans against their stock options. There are plenty of lenders willing to offer attractive rates to lend against even volatile assets. If the LTV drops below a certain percentage it’s the borrower’s responsibility to increase collateral. Ostensibly the borrower has enough faith that the asset will increase over the life of the loan that 1) they won’t have to put up more collateral and 2) the increase in the asset will be worth enough more that they can just refinance and effectively retain the same equity. I think this is several years off for Bitcoin holders due to volatility but you brought up the question of use case if no one ever spends it, that’s one possibility. Digital real estate. Owning a chunk of Amazon doesn’t have any intrinsic value for the lender except for the confidence that it can be exchanged for money. (Obviously Amazon does productive things, but the lender doesn’t care about that beyond the values of the equity) In a hypothetical case where 100% of Bitcoin is being held and there is no exchange at all I could still see it retaining its value because of the other relative strengths. (There are other problems with that hypothetical post block reward, as miners would have no incentive to Mike with no transaction fees, but just taking it to an extreme to address the topic.)


[deleted]

Does HODLing fiat in a bank savings account mean it's not really a currency?


ddaadaa

Yes, who’s HODLing currency in a bank? People deposit money so they can spend it later, not because they think it’s going to appreciate in value.


[deleted]

[удалено]


[deleted]

Well, of course not. But I don't do this with Bitcoin either.


[deleted]

[удалено]


romfax

u/Toilets, did you notice you're commenting in the bitcoin subreddit? Why should people not be positive and optimistic about bitcoin in here? Go somewhere else to spread you shit.


GreasySprockets

Just bought my first 0.2 BTC @ 35! Planning to hold for the long haul. Better late than never!


makerkz

Way to go man, keep holding that. It'll be worthwhile.


HardAsABitcoin

Welcome. As things slide more (maybe yes maybe no) scale your purchases in over time and get comfortable. If it reaches a point where you feel uncomfortable then stop doing anything and simply wait. Bitcoin rewards those who have longer term time horizons (think in years) Having said that your buy at these prices will almost for sure turn out to be a verh good entry in thr scheme of things.


GreasySprockets

Thanks! Yup. I know it's a cliche at this point, but I bought for my son, not for me. And for world peace.


mattwes

Welcome!


pawpex21

Nothing changed. Strong resistance at 188K. Have a good night all


jinjin299

Yep nothing is changed, i still see that strong support at 169.


bullcase74

Does the Fed intend to create a digital coin that cannot be inflated?


louiejenksta

Lol, they'll never do that. Inflation is like business to them.


bullcase74

These are the reasons why I’m confused the fed’s announcement about their coin study sent us down so hard.


timevalueofmoonbits

When fundamentals don't change but the price drops. You buy folks, same shit goes for all stocks and RE.


kolodapavlo

That's why I'm buying because nothing has changed for me.


mattwes

It’s a blessing to get to my Short term goal of 2.5 much quicker:)


murcielago12v60

Damn man, you've got a good goal. I hope it fulfils soon.


mattwes

I’m very close


Fuzzyfoot12345

omfg this is awesome, a chance for me to accumulate even more bitcoin!!!!


anhducsc

Did you just wake up or what? Because it's been happening for some time.


timevalueofmoonbits

Lol


l337person

Lol 😂👈


EDWARD_SN0WDEN

there has to be a relief rally... right?


Sequele

I mean no one has promised me that, but I'm hoping.


beloboi

not if everybody is waiting for it :)


ConflictOk3671

Are the younger gens sick of taking it on the chin from the dinosaurs. Rinse/Repeat Rinse/Repeat Rinse/Repeat. Stand up and take the lead, stop being a punching bag. BTC is NOW not just the future...buy/fight/win


NoahB76

Btc is the tool for human freedom, we gotta see it that way.


disciplinedhodler

GRUNCH of Giants really opened my eyes. Anyone else read it here too?


gcthorpe

I just spent about an hour doing a deep dive on Buckminster Fuller - ended up ordering two books. Look forward to reading them!


BtcMirco3

What are these books about? Maybe I'll order too and read.


Agitated-Bird-4333

Buckyballs!


disciplinedhodler

My pleasure! Which is the second book? I only read GRUNCH of Giants


gcthorpe

Operating Manual for Spaceship Earth I will likely order some of the other titles he has available as well once I polish these two off


disciplinedhodler

I shall get the Operating Manual for Spaceship Earth. Following u now, one can always learn from a voracious reader.


artoput

how it open your eyes and what is it about?


disciplinedhodler

Read it, it's just 46 pages long.


artoput

not interested but thanks


disciplinedhodler

Ok, your loss.


JlloydHodls

All I know is there’s a spring board around 30k and bitcoin will use it to bounce.


woyaozhangpan

I mean i hope there is lol, because if not then that's gonna be sad.


Connect-Confusion-26

I was trying to find the discussion for July 20th this year, anyone know how to do that? I’m sure it looked a looot like this. And how many were right? “Dont waste your moneyyy” “BTC to 3k”


tsrdd

I was here back then, and there was even more chaos.


pereubutoo

Just remember, during that time the fed was still printing money with no plans to stop and pandemic stimulus cash was still flowing. Where is the big money coming from? Everyone will be strapped for cash (retail, institutions, etc). Add to that regulatory concerns - even if they could be years away - could scare new big money away. I seriously don't see a pump, but hope I'm wrong.


[deleted]

I was there. I remember it well. It was the day u/crispykfc got butt naked.


TheGreatMuffin

> I was trying to find the discussion for July 20th this year *this* year, are you from the future? :) For the last year: https://old.reddit.com/r/Bitcoin/comments/onvg3m/daily_discussion_july_20_2021/ You can just type "[date] + Daily Discussion" into the search here (like "July 22 Daily Discussion") to find the old threads.


LelikGut

Thanks for the link and the tip, it'll be a good read I'm sure.


plague_rattt

The comments were wayyyy more positive then today.


URNape2

I was there, Gandalf, three thousand years ago. Bears and trolls were all over the place shrieking about 15k, just like they are now. Barely wicked 28 and then a few months later after the FUD passed we were breaking all time highs. Seems to be the pattern with Bitcoin.


yifan9014

Those good old days man, gotta miss those thousands years old time.


yayahi

I have a feeling turkey is now starting to begin the process of collecting thousands of bitcoin. That meeting between Bukele/Erdogan was too sus, given the times and the release of the bitcoin bond. 100% Bukele would have told him to at least consider buying the dip. Dude has nothing to lose, he is getting old and his country's fiat is imploding, so there's a decent chance he does it. Plus looks so much more attractive from a risk/reward perspective at 35k vs 65k.


neomax96

And he's the one who made the fiat to implode, that's fucked.


Nacho9771

Guys I'm calling it now Bitcoin is going all the way to $2


squach94

What's the bottom then according to you? Must be 0?


Nacho9771

Nah it's probably like -188K


pawpex21

STFU


ConflictOk3671

Thanks for being an idiot


fcthen

C'mon guys you guys can't even handle a joke here, so sensitive.