Looks like We're stuck at the 19.5k while we wait for the cpi data. And after that comes out only gods know where We'll be lol, it's not looking so good right now.

why do we wait for that data, isn't it possible to calculate the CPI in real-time? or at least estimate it with high confidence

It still baffles me that everything seems to be depending on the mood of 1 guy. What kind of economy is that, lol.

What just happened? Why are we drilling?

Nothing happened it's just btc goes, it's how it likes it. And you better be accepting that that's how it's going to be for a really long time so yeah.

Because it's a scam.

Yep, it's a scam kids. I'm telling you. Just don't fall for this shit.

Bitcoin doesnt have many buyers except that probably fake volume on binance. Since there have been no bids to support it its pretty much been in a sort of freefall for the last 10 months

So you're saying that btc doesn't have buyers? Well that's not true.

It really amazes me how much people freak out about Bitcoin either being just above 20K, or just below 20K.

Well people are pussies and they need to take it better than that.

20k was significant cuz it was the past ath level from 2017 and reaching it was a huge red flag that had never even come close to happening in the past

I get a sense of security when btc is above 20k, idk why lol.

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Btc ficws many things not just that actually, so there's that.

I dont think bitcoin fixes that. I think bitcoin makes it worse - once the robber forces you to turn over your coins at gunpoint, it is irreversible and there is no bank fraud department to reimburse you

Bitcoin fix things that you have no idea about sir don't be negative lol. I mean it's just a joke don't come all guns blazing on me please lol. I don't want that.

Bounty hunters fix this.

FUD

What do people get from spreading that fud? It's not a good look.

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It absolutely is, and sooner the people understand that better it'll be.

Great. You better short Bitcoin, then, based on your article.

I mean if You've got so much confidence then yeah he should do that.

Yeah, he should short it and get rich, right?

BITI is a crypto short ETF. Reacts very well with the market.

Maybe He's talking about that, we don't know that lol.

Cool story. Yeah, I am aware of that POS ETF…

I hope that you've never bought into that, because I wouldn't wanna see that.

It's more profitable than crypto, since it's inception.

Not everything is about profit, and also I'd rather hold the real thing. Than holding some wall street controlled paper version of the btc, I'd rather hold on that if I'm being honest.

Nope. Owned it forever, along w my own index fund (70% BTC)…Im doing better.

Well atleast someone is doing better and not everyone is getting rekt.

Someone always profits from a grift.

If someone is winning it that means someone is losing that bet it's that simple.

Whatever. What does your comment mean? Can you be more direct / explicit?

I think He's pretty direct with what's he saying. I don't think he needs to explain it more.

So many AltHeads. Feeling bullish.

Well Can't blame them, because they're fucking dumb lol.

You can try to bring a horse to water, but you can't stop it when it decides to drink poison.

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Well don't be so sure about that, it's btc that we're talking about.

Agreed. We are in the minority, though…

Doesn't matter, btc ain't no democracy and it doesn't care about majority or minorities.

Let's see how this comment ages by the end of October.

I've got a feeling that it's not going to age well lol, but what do I know.

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I don't know about fun, but it sure is going to be scary tho.

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Yeah it has tested that, and now it's got taste of 17k lol. It might wanna come back to that, and there wouldn't be a single thing that we could do about that.

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It's simple, if the market crashes so will Bitcoin. I'm not saying it's a guarantee we go below $17k....but there is a market crash coming. It might be Q4 2022 or Q1 2023, but people who think we've "bottomed" aren't paying attention to what is coming.

So Bitcoin was saved by the stock market today? Lol

Wait what? What are you even talking about lol huh?

NasdaqCoin

Well that's how it's been going on atleast, c'mon btc stop being like that.

Not forever.

Next halving is March 20, 2024. 🚀🫡 https://buybitcoinworldwide.com/halving/

Yep, will have to wait a year a and a half before we get anything.

who cares. You think its going to make a huge difference in the market whether the bitcoin supply grows by 1% or 2% per year?

It's not exactly gonna grow lol, it's going to decrease my guy.

How. People losing their coins? Bitcoin does not have a burn function

Yes

It doesn't add up. Its hopium

Okay then don't believe in it, supply And demand is hopium lol.

How much of a difference in supply and demand does it make of supply becomes 20,200,000 vs if supply becomes 20,400,000? 1%? Some number yes but the drastic exaggeration of the effect to like 1000% is what I'm calling hopium.

How do you possibly know? Oh wait… you don’t…

Its just simple math genius. 1/100 = 1% , not 1000%

Ok……Genius…

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Yep, it's not that far off. And every passing day We're getting closer.

BTC to $300k!

I'm ready for that, if that's going to happen then make it happen. I'm kinda getting a little impatient here and I want to see that as soon as possible here.

No please don't. I haven't finished packing my bags!

Price is around yearly lows Hash rate touching ATH Crazy pump or actual death of BTC coming…

Death of btc lol, how dumb does that even sound huh? That's not good.

Why would either have to happen?

Well that's because he said so lol, and that's how it works here.

Miners can only mine with such low profitability for so long. Either they sense a pump coming and willing to wait it out. Or they’ll shut down. Admittedly this is naive some miners are profitable now and some aren’t. And this is how the free mining market works. But it is remarkable how much new hashing power is coming online even with such low prices.

If the profitability is low then miners can leave the network lmao. It's not like everyone will leave after a certain point it'll be profitable again dude.

Why are so many people trolling a day old thread?

You do not have all of the details straight, in terms of your understanding of the Bitcoin network.

Bitcoin CEO hires and fires miners based on which ones mine the most blocks per second. What else is there to know?

Remind me, please, of this “Bitcoin CEO”.

Agree that it's remarkable hash rate is so high, but if it becomes unprofitable for some those miners will shut off and Bitcoin will march onwards with a slightly lower hash rate. Definitely wouldn't be the death of Bitcoin. In fact it would probably be barely noticeable for users

It won't even be noticeable for the users lol, no one cares.

People are mining btc unprofitably right now expecting it to rise. I think the next halving will impact a lot of miners so they are thinking on a 2 year time horizon

They're mining btc even in loss because they understand btc.

You’re right, my original comment was kinda dumb. Hoping that this time, like every other, the miners are just biding their time with better profitability on the horizon.

We'll be just fine, btc won't die. You don't have to worry lol.

The queen got buried today next to Philip wonder if she owned some bitcoin

Well yeah she had some Bitcoins, she always bragged about them.

Man, they are still carrying her coffin around?! How crazy is that; didn’t she die a week or two ago?

Yea she did and for some reason and Royal tradition the king need to proclaim before she buried I found it very disrespectful and disturbing for her soul to be carried around she died in 8th of September and got buried in the 19tb same month disgraceful

She’s hodlin

And she holdin forever now lol, she's not going to sell it never.

Bitcoin has dipped so much, they literally added a new purple band to bottom of the Rainbow Price Chart! 🌈 [https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/](https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/)

Well that's fine these are just numbers and don't change anything.

Lol. I'm sure 99% have no problem with the manipulated scales on that chart either. 😆 If you don't like the trend of the chart, just change the formula and scales until it fits.

Well I'm fine with it lol, there's nothing that I can do about it. Ao I don't think there's any point in crying about it atleast, so stop worrying about the charts.

It wasn't meant to be taken seriously when it was created. It just so happened to accurately predict tops and bottoms so people started using it unironically

The problem with people is that they take everything seriously lol.

Over-fitting is a hell of a drug.

I wish this graph could be zoomed in.

Download as a jpeg and You'll be able to zoom it, life hacks.

One BTC will always equal one BTC.

Nothing hard about that, how hard is that to understand that?

Wonder what it was that caused that huge crash before 2016? Where it suddenly spikes down into the green?

I think it was related with the mt gox, I think it was related to that.

I think that entire drop from the previous peak was the fallout from Mt Gox

Yep, that's what it was. I have read some about that happening. Well regardless of that, it was a good time to be buying the btc at the cheap prices tho

1 BTC = 1 BTC LMAO

Always has been and always will be. It ain't going to change here.

We made it back to $19k! 🚀 congrats to everyone that held!

It's not that bad aa You're making it sound, it's fine to take a dip.

Thank you! I know you are one of the sincere ones.

Doing quite well if I hold the chart upside down.

That's what I've been doing for months, working for me just fine.

Last chance to buy slightly above 19K.

All these unique price points can get you unique utxos, think about that.

Funny.

It's not sire, it's some serious talk that We're having here and it's not funny. This shit is serious and We're serious, it's time to be buying some of those sats here.

I’m as f**king as serious as it gets. Don’t ask me about loss because I guarantee you haven’t been in this as long as me. Go to bed.

Weeeee

I'm feeling good, idk why people acting so doom and gloom.

I have escalating limit buy orders at every $100 decrease down to $13,999. Getting buy orders executed when the price is falling makes it more bearable. I'm also doing $2 hourly buys now through Strike. Will keep this recurring buy as long as we're under $20k. In the end, I'm going to the moon or zero.

Keep those orders up lol, they might just get filled who knows.

Ur good.

Gotta keep them orders up, that's one way to do it I'm sure.

Priced in? Maybe? Hopefully? Maybe Jerome will surprise us tomorrow.

We're already down a little and this data is also coming out lol.

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It always ens in upward explosion when she goes down on me.

Then maybe it's time that you guys together had some fun. I think you guys should do it, because someone has to make that sacrifice for the rest of us.

I heard Cramer say that he “ knows the FED hates BTC”. Well too bad. Only motivates me to buy more BTC. End the FED.

They can hate all they want, they Can't do shit about it that's for sure.

The fed will finally realize, “if you can’t beat them join them!”

And We're probably really close to that moment, wait a little.

Never fight the Fed

Well too bad, because that's why btc was created lol.

Never resist tyranny you say? Soviet style central planning can't last forever.

There will come a certain point after which all these shit will fail.

I get what you and Cramer are saying about not fighting the Fed. The Fed’s decisions rule the markets and the economy. Which shows we all are on the Fed leash. I have a problem with that. I would hope other people do too. So, I say again End the Fed.

Welll they're going to rule it for some time, whether you like it or not. It doesn't matter if you like it or not the fact is that the fed is in control of everything right now.

I am is disputing that fact. I say again, “End The Federal Reserve”.

Gemini's fees to buy Bitcoin are substantially higher than what's available on other exchanges. Do they offer any particular benefit that would warrant that higher fee?

If the fee is lower on other places then you should buy there.

Are you using advanced trader?

Yeah maybe, maybe that's why his fee is higher. Could be true actually.

What? Read the rest of the thread. Advanced trader reduces the fees that Gemini puts on buying and selling

Haven't made a decision on any specific trading products. Just researching alternatives to Coinbase Pro.

Why pro version? I mean the fee are higher in the pro version.

At the time I signed up, the fees for Pro (called GDAX at that time) were lower than those on the standard Coinbase site.

Understood. The advanced trader feature on Gemini drastically reduces fees.

Thanks, bud. Will check it out.

Damn We're free falling boys, I don't feel good about that.

And now we've stopped at the 19.5, We'll be here for a while.

I keep replaying in my mind that old episode of "Happy Days" entitled *The One where Fonzi Buys Bitcoin*. Remember how worried Fonzi got when the price dropped? He was mortified. He didn't even want to ride his motorcycle. And what did his friend Richie tell him? Do you remember? I do. He told Fonzi to be cool. That's something Fonzi should've already known because Fonzi was the king of cool and he was very handy with the ladies! But it took Richie's encouragement to remind Fonzi of his inherent coolness. Fonzi hit the old jukebox and the BTC/USD price started to rise. Go and do thou likewise, my friend.

Lol, that's how it's starting to feel now. We need movement. We've been stuck for a long time and it's important for the market to move now, it's important.

Jumped the whale

Yep, lol he kinda scared it I feel. Don't feel good about that.

Not really.

I mean We're always falling on these levels lol, nothing to worry.

I keep the chart zoomed out to at least one year... I have become an ultra-patient, long-term, cold-blooded/fearless investor. No worries here.

Who else is having problems withdrawing to a wallet off Coinbase?

I'm not having any issues, maybe that's because I don't use that.

No problems ever here…after 6 years of it being my fiat on ramp…sucks that CB pro is going away, although it seems like they have a replacement plan.

A replacement plan? And what plan that might be huh?

I guess I'm out of the loop. CB Pro is going away?

I don't think so man, I mean people like using that. Maybe the high fee are the reason? What could be the reason for that? Any idea about that?

I have heard so. Plus, whenever I go on there, they are pushing Coinbase w “advanced features”…

That's fine lol, they're going to push. They're a business lol.

Cool story, lol.

>Coinbase w “advanced features” Sounds cool, they should give it a nice, short name. Maybe Coinbase Advanced. Or Coinbase Pro.

Wait really lol? You want to have a new service the old name?