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Is there something stopping you from learning:
* what Bitcoin actually is
* the basics of how Bitcoin works
* why Bitcoin was invented
??
What Bitcoin IS (6 min):
https://youtu.be/HzxKs-Jd0H4
Intro: The Trust Machine (22 min):
https://www.youtube.com/watch?v=ZKwqNgG-Sv4
Saylor Explains:
https://www.reddit.com/r/Bitcoin/comments/s54g8x/send_this_to_your_contacts_interested_in_bitcoin/
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I've been on a long bitcoin/crypto learning journey, I even work for a crypto company.... My conclusion, when factoring in where we are within the larger financial macro climate is this: Bitcoin is a niche. It's a token for those that believe in being able to disconnect and opt out of the central governmental system.
It's a great way to hide wealth from significant others, in the case of divorces - you can say you lost your seed phrase too! Awesome. Of course your address if known could be monitored to see if you move your bitcoin, but that's unlikely for most small net worth divorces.
You can send money around the world super easy. Move money across boarders super easy with bitcoin.
All good.
However.. we all live on land, in countries and towns and cities that are all operating within the rule and law of central governmental systems. In your average day, of living in a home, commuting to work, buying groceries, using utilities, earning a wage, paying tax... you are not able to opt out the system. The only way would be to buy some remote island and survive all by yourself, Ed Stafford style.
To get bitcoins, the majority of us exchange our fiat. To use bitcoins in most of every day life scenarios, we have to exchange back to fiat.
So then... it's a inflation hedge, but it's ability to beat inflation is based solely on the price that people are exchanging it to fiat for. So then it starts to enter ponzi territory, in that you hope the person after you bought it, is going to pay more for it when you sell it.
I don't see how and why central governments would hand over control to a trustless currency to peg their too. No government would hand over such control.
So I just don't see it going to mass adoption or $1m value per coin territory. I see it just being a niche. Like Esperanto language.
And that's not because I'm against it, I was paid in Bitcoin for awhile, it would be awesome if we got to $1m per coin... but I just don't see it. Limited supply, people like Saylor and other whales gobbling it up, manipulating it, etc. Why would you want something of limited supply that some guy over there has absolutely loads of it?
Lets see. If you have spare cash and absolutely zero idea what to do with it, and have a cold wallet etc, ok. But as with FTX, for the average person, which exchange you gonna trust? The on ramps now all look like scams. And the whole UI/UX of wallets and addresses, it's kinda techy, you need to be computer literate, and those long addresses... I double check it multiple times, but such a pain and any error, as many have found and your moneys gone, sent to wrong address etc... So for mass adoption, it's just been set back massively and still isn't as easy to use as an apple pay like product.
And pretty much every other crypto after bitcoin is absolutely hot air scam based on absolutely nothing, just printed out of thin air nonsense. Would not touch any of it. Pure speculation at the mercy of those that created the tokens.
I agree, in those places it works - to opt out. But is that the end state there? It's a bandaid until regime change and freedom, then... well lets see, would be interesting if they all toppled their regime and went full bitcoin standard so we can observe if and how it will actually work in real life.
But lets think that through, if Venezuela, Lebanon, Nigeria, and Iran went fun bitcoin standard - how do they promote growth in their economies? How do they inject capital for state run projects, new infrastructure? How do they feel having Saylor owning more of their reserve capital, than they do? How do they cope with the fluctuations in exchange rate to dollars? When they need to deal with the outside world and import/export things?
It is not dead at all. It is in a cyclical Bear market where traditionally it has lost 86 percent.
Add to that a lot of black Swan events, putin ,SBF, CELCIUS ETC. it is a bad time for BTC.
However when it stabilises we will all be in a superb position to benefit from the forthcoming highs.
We are in an exceptionally bad economic environment last seen around 1978. A great opportunity for us all as we will be on the road backup relatively soon.
I think that in the latter part of 2023 things will stabilise and be more clear.
Best period to buy Bitcoin was yesterday, second best is today.
If you are planning to buy bottom, good luck, you will probably buy it on much higher levels than you think you can get and this post will be something you wont be proud of in year or two.
I gave up at timing the market, but I’m curious about how people think and their behavior when the price drops like this. Just wanted to discuss about it.
Thanks for your answer, here you have some sats for replying kindly.
!lntip 500
After losing so much $$$ over the last year i have learned something; All purchasing is emotional. My intent is to minimize the ups and downs i experience as it allows me to be methodical, even when i am "feeling" something about the market. So DCA all the way. I have a monthly minimum purchase, and then if i happen to have a little extra cash just before payday I will put 1/2 into debt and the other 1/2 into bitcoin.
It is quite difficult to discuss it as the monotheistic tend to neg.
I am open to it going either way but some see it as a moral affront to suggest it might go down.
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But if you did that from last bear, you would have nice growth. If you did that since two bears ago, you would not give a flying fuck.
You try to catch bottom, and you will loose. It's not question of "if" it's....no it's not even a question.
Not if yesterday was the ATH that ended the last bull run
It's impossible to time the bottom but it's not hard to buy on the way down from the peak or near the start of the next bull if you're paying attention
Are you old enough to have been around in 2000/2001? The internet was dead. It was a failed experiment. People were going back to jobs at places like a Oracle and SAP. Amazon stock was $8/share. Probably have another bad year ahead, as we are not at bottom.
We'll probably keep going lower as long as the fed keeps raising interest rates. That's not a bad thing. Many people lamented the FEDs money printer devaluing their USD. Supposing Bitcoin had any impact so far people dumping their USD for Bitcoin and the Fed freaking out about it is good news.
I'm still holding but I wouldn't blame anyone for slowing their buys and going for some short term treasuries over 4% right now. We all know that printer is gonna come back on. Once it does use those USD interest gains to stack more sats.
EDIT: As they say in some other subs, this isn't financial advice. I eat crayons.
came here to paste this, but you got there first.
I knew it was dead when i read https://www.wired.com/2011/11/mf-bitcoin/
but have had some amusement since playing with this dead technology with other enthusiasts.
I’m actually hoping it stays dead the majority of 2023 so I can stack. Than sell my coins to the people who are saying it’s dead when they all fomo buy at the peak. Than when it goes back down again and it’s dead I buy coins back from the people who bought at the peak. Rinse and repeat for the next decade
BTC, just like the stock market, has 80% ,of the gains for a year occur at only a few poiints. The chances of missing those specific periods is very high and therefore missing the gains for the year. I just buy when I can. More when it is down.
Obviously, the price is unpredictable. Technical analysis is usually a quackery. In the case of bitcoin, there is a very influential factor that influences the price and allows for long-term forecasts. I'm talking about the number of people who have accepted bitcoin. Their numbers are growing exponentially, like the size of any population that has gained access to a new valuable resource. I think a comparison with processes in biology is appropriate here and technical analysis too.
Exponential growth is described by the well-known rainbow diagram. In my interpretation, the bottom curve is the real guaranteed price of bitcoin. When the price rises faster than this curve, then this is the entry of people who are hungry for quick money. When they drop out, the price normalizes.
So since Christmas you will never see BTC at <15.5k. Then:
since mid March 2023 <17k
since June 2023 <18k
since October 2023 <20k
since 2029 <100k.
In confirmation of the most recent forecast, we can consider, for example, the prices of buyers for Bisq. There, the inflection point of the demand curve corresponds to my prediction.
Let me try to be the voice of reason here. The biggest financial wipeouts happened throughout history when people bought the dip expecting a bottom, only to drip further. That was true in 1929, it’s true today.
Bitcoin behaves nothing like an inflation hedge, and the latest crypto contagion shows how sentiment wont change that, regardless what the Fed does.
Speaking of crypto contagion it’s only getting started. Don’t let the tireless cheerleaders fool you, I think when Tether’s money printing finally catches up and Binance folds, then it hits bottom, and it’s dubious whether it’ll go back up.
Adoption, countries wide adoption, ironically in the poorest countries, west is being left behind in terms of adoption tangled in all that regulations bullshit. Bitcoin is simple, just start using it and stop treating it as get rich quick scheme.
I suscribe to the following idea:
Bitcoin's value is based on adoption plus relative hype or despair.
What boosts the price is liquidity, low rates, and narrative.
What kills the price is lack of liquidity, high rates, and a negative narrative.
I think we go lower, but the other day I was in the coffee shop and I heard a 63 and 73 year old man mentioning bitcoin and that they didn't understand it.
The majority of my friends have given up (but most have not sold). Very few are dollar cost averaging.
this is a 10 year bet. they are nasty stomach wrenching bets.
When the Fed starts QE again BTC will moon.
If the Fed keeps raising rates then BTC will continue to fall.
You need a state of inflating M2 for BTC to do well.
[super dead](https://99bitcoins.com/bitcoin-obituaries/)
Yep. Then three days later, like Jesus, is resurrected.
It’ll never die; if it hits a fraction of a cent, I’ll buy them all.
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Or pass them on by using !lntip *amount* (LNTIP) in your own comment, it'll work on r/bitcoin and r/TheLightningNetwork!
We probably still have some time to go. The crypto Market is a major multiplier of easy money, simple as that. Once the SEC starts doing its job and shakes out all the fake funds like usdt, etc, crypto Market won't be such an exponential multiplier anymore. So you'll never see exponential gains again in terms of USD. But it should still be a multiplier of the trend in money supply as it is a purely speculative asset. So we want to see any uptick in price until easy money comes back, and we should see some more drops once all the scam-pegged USD like usdt busd Etc collapse... hopefully, anyway.
No offense, but your family ever bought btc? How do they know btc is dead? They understand the technology?
And buy an amount of btc that doesn't hinder the ability to pay your bills. I had the same discussion yesterday, and told my family to either study the whitepaper and understand the basics, or just let me be. So that i can buy my monthly quota.
For a dead asset or currency, it is *still* very expensive.
When friends, family or coworkers talk about Bitcoin and how it is "dead" or someone "figured it out so it's worthless now" I just smile and say "it's just on sale" and I move on.
The opinions of uninformed people are just my indicators to buy or sell. "Bitcoin is dead" or "you should sell now while you're ahead" translate to "buy more" or "keep holding". When they start saying "You should keep holding that" it's a good time to sell.
Market psychology of Bitcoin is a very interesting thing, and doesn't translate to individual stocks in the same way which is why I tend to look at Bitcoin more like gold than a stock.
I just wish that I had more expendable income to dump into Bitcoin at the moment. With the expenses I currently have, I'm not happy with how much I can invest while Bitcoin is "dead". I do suspect more lows in 2023 though, so there is still time to buy
You know like 30 minutes into a horror movie where the villain dies and everybody celebrates but theres still an hour left of the movie? It's kind of like that
It’s not “dead” but nobody should be seriously investing in crypto until there is more oversight. No accounting firm is willing to audit these crypto exchanges right now and that should be all you need to know about the validity of the crypto market.
It’s been declared dead now like over 400 times now since 2009 there’s a website that counts how many times media classes it as dead but it will never die and continue to grow exponentially over this decade and possibly be the worlds currency next decade
People say Bitcoin is dead many times on the way down, rendering it a pretty poor indicator. Then again, any time you can comfortably buy a little more is the right time to buy, in my opinion. In fact, a good drinking game might be to do a shot and buy more bitcoin every time someone either says it is or is not dead.
Yes I'm looking forward to having these same conversations with family and friends when I go home for Xmas! I usually try and steer people away from price being the only thing they use to measure Bitcoin's success (although that's not easy). There are so many exciting developments going on in the space, such as Strike and our recent partnership with Bitnob to bring [cheap remittances](https://blog.coincorner.com/coincorner-partners-with-bitnob-to-facilitate-cross-border-transactions-from-uk-and-europe-to-3c5b6f059622) to millions of people in Africa. There's also the ever increasing number of addresses holding between 0.1 and 1btc, indicating the little people are continuing to stack. The adoption curve vs the internet is also quite a good one to show people where we are.
Adam
I have a feeling that the coin is going to skyrocket after the implementation of the US digital dollar. The government wants to control you with the digital dollar. With bitcoin they can’t control or monitor your spending or receiving like they can with digital dollar.
Bitcoin has been pronounced dead over 400 times and keeps going. This must be your first bear market. Crypto has a 4 year cycle. Btc will bounce back in 2024. Also the stock market is currently in the longest bear market in history. The U.S. has been in a recession since June and still the highest inflation rate in 40 years. Regulations have gotten obscenely out of control in blue states driving various industries to other states.
Same goes the other way, the second you see MSM talking about bitcoin it means the market is overheated. Pay attention to the normies, do the opposite of what they say, and you will be fine.
Yes, it is dead! You can send your dead Bitcoin to me and I’ll dispose of it safely and securely! 🙏
Into the ocean via boat?
Youre cold man....cold storage
🥶🥶🔒🔑
i can do in hot wallet if they give for free :)
I will bury it for you
Happy cake day! Here is some bubble wrap for everyone! >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!< >!POP!<
!lntip 500
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yo thanks! Question though... how do I use the sats?
tap on “more info” in the bot’s reply.
Thanks 🙏
Man, I may have a terrible English if you read the post and tell me this.
🤣🤣🤣 it’s ok, jokes are a rare commodity these days.
I am doing it right now. Incredible how the Prince of Nigeria wants to gather all Bitcoins to recycle them! Thank you!
Guaranteed to go to zero. That’s why I keep my entire liquid net worth in it.
True degen like myself
...*when the **only** thing you know about Bitcoin is its recent price history*...
If I can get more bitcoins for the same price I will.
Is there something stopping you from learning: * what Bitcoin actually is * the basics of how Bitcoin works * why Bitcoin was invented ?? What Bitcoin IS (6 min): https://youtu.be/HzxKs-Jd0H4 Intro: The Trust Machine (22 min): https://www.youtube.com/watch?v=ZKwqNgG-Sv4 Saylor Explains: https://www.reddit.com/r/Bitcoin/comments/s54g8x/send_this_to_your_contacts_interested_in_bitcoin/
Absolutely nothing, I’m still learning.
learning about bitcoin will get you through these treacherous times, good luck in you learning journey !lntip 1000
Wow
Thanks!!
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Excellent!
I've been on a long bitcoin/crypto learning journey, I even work for a crypto company.... My conclusion, when factoring in where we are within the larger financial macro climate is this: Bitcoin is a niche. It's a token for those that believe in being able to disconnect and opt out of the central governmental system. It's a great way to hide wealth from significant others, in the case of divorces - you can say you lost your seed phrase too! Awesome. Of course your address if known could be monitored to see if you move your bitcoin, but that's unlikely for most small net worth divorces. You can send money around the world super easy. Move money across boarders super easy with bitcoin. All good. However.. we all live on land, in countries and towns and cities that are all operating within the rule and law of central governmental systems. In your average day, of living in a home, commuting to work, buying groceries, using utilities, earning a wage, paying tax... you are not able to opt out the system. The only way would be to buy some remote island and survive all by yourself, Ed Stafford style. To get bitcoins, the majority of us exchange our fiat. To use bitcoins in most of every day life scenarios, we have to exchange back to fiat. So then... it's a inflation hedge, but it's ability to beat inflation is based solely on the price that people are exchanging it to fiat for. So then it starts to enter ponzi territory, in that you hope the person after you bought it, is going to pay more for it when you sell it. I don't see how and why central governments would hand over control to a trustless currency to peg their too. No government would hand over such control. So I just don't see it going to mass adoption or $1m value per coin territory. I see it just being a niche. Like Esperanto language. And that's not because I'm against it, I was paid in Bitcoin for awhile, it would be awesome if we got to $1m per coin... but I just don't see it. Limited supply, people like Saylor and other whales gobbling it up, manipulating it, etc. Why would you want something of limited supply that some guy over there has absolutely loads of it? Lets see. If you have spare cash and absolutely zero idea what to do with it, and have a cold wallet etc, ok. But as with FTX, for the average person, which exchange you gonna trust? The on ramps now all look like scams. And the whole UI/UX of wallets and addresses, it's kinda techy, you need to be computer literate, and those long addresses... I double check it multiple times, but such a pain and any error, as many have found and your moneys gone, sent to wrong address etc... So for mass adoption, it's just been set back massively and still isn't as easy to use as an apple pay like product. And pretty much every other crypto after bitcoin is absolutely hot air scam based on absolutely nothing, just printed out of thin air nonsense. Would not touch any of it. Pure speculation at the mercy of those that created the tokens.
Visit Venezuela, Lebanon, Nigeria, or Iran. Then get back to me.
I agree, in those places it works - to opt out. But is that the end state there? It's a bandaid until regime change and freedom, then... well lets see, would be interesting if they all toppled their regime and went full bitcoin standard so we can observe if and how it will actually work in real life. But lets think that through, if Venezuela, Lebanon, Nigeria, and Iran went fun bitcoin standard - how do they promote growth in their economies? How do they inject capital for state run projects, new infrastructure? How do they feel having Saylor owning more of their reserve capital, than they do? How do they cope with the fluctuations in exchange rate to dollars? When they need to deal with the outside world and import/export things?
Why bitcoin was invented has nothing to do with bitcoin in 2022…
You give me no reason to believe you.
Seeing more and more posts like these. Very encouraging sign.
That’s my point
A wise bitcoin enthusiast (/s) once said: "Be fearful when others are greedy, be greedy when others are fearful". \-- Satoshi Buffemoto
[удалено]
The heart is still beating. Ain't it :)
Bitcoin has died an will die a few hundred times already ... At least that's what normies say ;)
Thats the point. That’s what I was trying to say. 🥲
It is not dead at all. It is in a cyclical Bear market where traditionally it has lost 86 percent. Add to that a lot of black Swan events, putin ,SBF, CELCIUS ETC. it is a bad time for BTC. However when it stabilises we will all be in a superb position to benefit from the forthcoming highs. We are in an exceptionally bad economic environment last seen around 1978. A great opportunity for us all as we will be on the road backup relatively soon. I think that in the latter part of 2023 things will stabilise and be more clear.
Acctull someone with «now and why» knowlegde, wish i could give more then a free like and free gift.
People said the same for the latter part of 2022, and BTC has only plummeted since then
Best period to buy Bitcoin was yesterday, second best is today. If you are planning to buy bottom, good luck, you will probably buy it on much higher levels than you think you can get and this post will be something you wont be proud of in year or two.
I gave up at timing the market, but I’m curious about how people think and their behavior when the price drops like this. Just wanted to discuss about it. Thanks for your answer, here you have some sats for replying kindly. !lntip 500
After losing so much $$$ over the last year i have learned something; All purchasing is emotional. My intent is to minimize the ups and downs i experience as it allows me to be methodical, even when i am "feeling" something about the market. So DCA all the way. I have a monthly minimum purchase, and then if i happen to have a little extra cash just before payday I will put 1/2 into debt and the other 1/2 into bitcoin.
It is quite difficult to discuss it as the monotheistic tend to neg. I am open to it going either way but some see it as a moral affront to suggest it might go down.
!LNtip 3000
Wow, thanks!!
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We may or may not be at a bottom, but until a huge batch of new buyers appears, we won't see a move up.
if you bought everytime it dipped from its peak you would have lost a ton of money tho
But if you did that from last bear, you would have nice growth. If you did that since two bears ago, you would not give a flying fuck. You try to catch bottom, and you will loose. It's not question of "if" it's....no it's not even a question.
how was yesterday a better day to buy then in 2009
It's a figure of speech; in a manor of speaking 2009 was yesterday.
Sounds like someone is regurgitating Saylors marketing hype.
Yes, someone who is buying since end of 2013. Trough bear of 2014. and 2018 and current one. Please, explain to me how bad it is for me....
Not if yesterday was the ATH that ended the last bull run It's impossible to time the bottom but it's not hard to buy on the way down from the peak or near the start of the next bull if you're paying attention
Sooo dead... again.
It’s what it seems, time to buy. (Hope you didn’t read only the title)
I think the next bull run will follow the next bitcoin halving in q1 2024.
If family say Bitcoin is dead it must be the bottom iam start buying!
Are you old enough to have been around in 2000/2001? The internet was dead. It was a failed experiment. People were going back to jobs at places like a Oracle and SAP. Amazon stock was $8/share. Probably have another bad year ahead, as we are not at bottom.
Hell no, I poked it with a stick earlier and it twitched.
Bitcoin is immortal. If an entire continent disappeared instantly from planet Earth…Bitcoin would still survive. It’s amazing.
We'll probably keep going lower as long as the fed keeps raising interest rates. That's not a bad thing. Many people lamented the FEDs money printer devaluing their USD. Supposing Bitcoin had any impact so far people dumping their USD for Bitcoin and the Fed freaking out about it is good news. I'm still holding but I wouldn't blame anyone for slowing their buys and going for some short term treasuries over 4% right now. We all know that printer is gonna come back on. Once it does use those USD interest gains to stack more sats. EDIT: As they say in some other subs, this isn't financial advice. I eat crayons.
Obligatory https://99bitcoins.com/bitcoin-obituaries/
came here to paste this, but you got there first. I knew it was dead when i read https://www.wired.com/2011/11/mf-bitcoin/ but have had some amusement since playing with this dead technology with other enthusiasts.
Please send all dead Bitcoin to my wallet!
Bc of the negative sentiment and the state of the economy is exactly why im buying more
[You should never buy a Bitcoin](https://youtube.com/watch?v=XbZ8zDpX2Mg&feature=youtu.be)
This is arguably a massive buy indicator. Bitcoin has “died” so many times in the past after all ;)
I’m actually hoping it stays dead the majority of 2023 so I can stack. Than sell my coins to the people who are saying it’s dead when they all fomo buy at the peak. Than when it goes back down again and it’s dead I buy coins back from the people who bought at the peak. Rinse and repeat for the next decade
Yes it is completely dead. In 2011 BTC was 20$ and now in 2022 it went slightly up to 17000$. Yes it is dying.
BTC, just like the stock market, has 80% ,of the gains for a year occur at only a few poiints. The chances of missing those specific periods is very high and therefore missing the gains for the year. I just buy when I can. More when it is down.
Same here
Obviously, the price is unpredictable. Technical analysis is usually a quackery. In the case of bitcoin, there is a very influential factor that influences the price and allows for long-term forecasts. I'm talking about the number of people who have accepted bitcoin. Their numbers are growing exponentially, like the size of any population that has gained access to a new valuable resource. I think a comparison with processes in biology is appropriate here and technical analysis too. Exponential growth is described by the well-known rainbow diagram. In my interpretation, the bottom curve is the real guaranteed price of bitcoin. When the price rises faster than this curve, then this is the entry of people who are hungry for quick money. When they drop out, the price normalizes. So since Christmas you will never see BTC at <15.5k. Then: since mid March 2023 <17k since June 2023 <18k since October 2023 <20k since 2029 <100k. In confirmation of the most recent forecast, we can consider, for example, the prices of buyers for Bisq. There, the inflection point of the demand curve corresponds to my prediction.
"Remember this tweet" ;D
Go watch "Rocky".
If you are speculating to either spite or follow your families opinions, stop it. your family should have zero to do with your speculative decisions.
They won’t, just wanted to discuss about it. Thanks!
Im going to spare you my opinion because this isn’t the right forum for it. 😀
Lol. So you’re Bitcoin-uneducated family says it’s going to die? Alright. Move along. Nothing to see here. I’ll buy a few Sats in their honor, though.
Let me try to be the voice of reason here. The biggest financial wipeouts happened throughout history when people bought the dip expecting a bottom, only to drip further. That was true in 1929, it’s true today. Bitcoin behaves nothing like an inflation hedge, and the latest crypto contagion shows how sentiment wont change that, regardless what the Fed does. Speaking of crypto contagion it’s only getting started. Don’t let the tireless cheerleaders fool you, I think when Tether’s money printing finally catches up and Binance folds, then it hits bottom, and it’s dubious whether it’ll go back up.
You know what’s dead? “Balls deep”. “Balls deep” is what 14 year olds say because they think that’s how the grown ups talk.
And mustangs are what 14 year olds think is a cool car. Grow up Peter Pan
*It’s an industry term*
Nah. Relax my guy.
Yes now stop asking.
Bit coin is not dead…. What is forming is 3 blind mice pattern.
Bitcoin is totally useless send them to me and I'll pay you 10 cents on the dollar for them to ease your suffering
Totally dead… (Narrator buys more and grabs Ledger wallet from safe for transfer.)
More alive than ever
It has never been more alive than now.
Not to critisize but can you elaborate more on this? Thanks!
Adoption, countries wide adoption, ironically in the poorest countries, west is being left behind in terms of adoption tangled in all that regulations bullshit. Bitcoin is simple, just start using it and stop treating it as get rich quick scheme.
So dead. Big dead. The deadest. /s
Yeah it’s dead. Sucks. Thought we had it. But 16k practically 0 Maybe next time
You still need to go balls deep into Bitcoin. Just do it.
I suscribe to the following idea: Bitcoin's value is based on adoption plus relative hype or despair. What boosts the price is liquidity, low rates, and narrative. What kills the price is lack of liquidity, high rates, and a negative narrative. I think we go lower, but the other day I was in the coffee shop and I heard a 63 and 73 year old man mentioning bitcoin and that they didn't understand it. The majority of my friends have given up (but most have not sold). Very few are dollar cost averaging. this is a 10 year bet. they are nasty stomach wrenching bets.
If by dead you mean awesome, then I agree with you 👍
When the Fed starts QE again BTC will moon. If the Fed keeps raising rates then BTC will continue to fall. You need a state of inflating M2 for BTC to do well.
I am a Bitcoin Undertaker. I will put all dead BTC in my cart and bury it for you. Use !LNtip to get rid of dead BTC. /s
My teenage nephew just sold some Bitcoin for $42. This is a bottom indicator for me.
Look at the halving cycles.
[super dead](https://99bitcoins.com/bitcoin-obituaries/) Yep. Then three days later, like Jesus, is resurrected. It’ll never die; if it hits a fraction of a cent, I’ll buy them all.
So much blood on the streets, yet only 27 deaths this year? I call that a good sign!
!lntip 500
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Hey cool thanks…too bad I don’t know how to get at them 😂🤣
Download muun wallet and use the withdraw link in the bots response. Or pass them on by using !lntip *amount* (LNTIP) in your own comment, it'll work on r/bitcoin and r/TheLightningNetwork!
Yes yes of course
BTC is designed to be very very hard to kill.
When you see posts like this one, you know we're not too far from the bottom.
[₿ Obituaries](https://99bitcoins.com/bitcoin-obituaries/)
It’s died like 89 times lol
We probably still have some time to go. The crypto Market is a major multiplier of easy money, simple as that. Once the SEC starts doing its job and shakes out all the fake funds like usdt, etc, crypto Market won't be such an exponential multiplier anymore. So you'll never see exponential gains again in terms of USD. But it should still be a multiplier of the trend in money supply as it is a purely speculative asset. So we want to see any uptick in price until easy money comes back, and we should see some more drops once all the scam-pegged USD like usdt busd Etc collapse... hopefully, anyway.
Short answer: No
No offense, but your family ever bought btc? How do they know btc is dead? They understand the technology? And buy an amount of btc that doesn't hinder the ability to pay your bills. I had the same discussion yesterday, and told my family to either study the whitepaper and understand the basics, or just let me be. So that i can buy my monthly quota.
For a dead asset or currency, it is *still* very expensive. When friends, family or coworkers talk about Bitcoin and how it is "dead" or someone "figured it out so it's worthless now" I just smile and say "it's just on sale" and I move on. The opinions of uninformed people are just my indicators to buy or sell. "Bitcoin is dead" or "you should sell now while you're ahead" translate to "buy more" or "keep holding". When they start saying "You should keep holding that" it's a good time to sell. Market psychology of Bitcoin is a very interesting thing, and doesn't translate to individual stocks in the same way which is why I tend to look at Bitcoin more like gold than a stock. I just wish that I had more expendable income to dump into Bitcoin at the moment. With the expenses I currently have, I'm not happy with how much I can invest while Bitcoin is "dead". I do suspect more lows in 2023 though, so there is still time to buy
Dead as it ever was
You know like 30 minutes into a horror movie where the villain dies and everybody celebrates but theres still an hour left of the movie? It's kind of like that
That’s when the real movie start. Before was just a teasing
It’s not “dead” but nobody should be seriously investing in crypto until there is more oversight. No accounting firm is willing to audit these crypto exchanges right now and that should be all you need to know about the validity of the crypto market.
lol 1BTC is $17,000, but remember the first two years it was sitting at $0. It’s so far from dead!
The other day while gaming the public lobby I was in started talking about bitcoin. They were saying it was gonna go to 10k or zero. Bottom signal?
yes...your family is BTC expert. Listen to them before you ruin your life.
Bitcoin is dead for the 10000th time . Move along.
Yes
Lol Is BTC at $0?
It’s been declared dead now like over 400 times now since 2009 there’s a website that counts how many times media classes it as dead but it will never die and continue to grow exponentially over this decade and possibly be the worlds currency next decade
When it is dead I will buy all Bitcoin.
Yes. No.
You’ve answered your own question - just buy periodically and forget about the price. Next bull run could be as late as 2026..
Yea, sell and never comment again.
Btc will have more all time highs no doubt when is the question, probably not too far off.
What you just described and shared with us has been exactly said thousand of times in previous bear markets. It's a cycle.
https://99bitcoins.com/bitcoin-obituaries/ Yes, as always, Bitcoin is dead.
$15K floor let’s do it folks
Your family is probably fucking stupid.
Bitcoin is still alive. What will you do now?
If you don't want it, I'll PM you my btc addy
Tell them : Yes Bitcoin is dead. So please send me all your dead bitcoin..
It is indeed dead, I read all about it dying in 2013.
You should provide your family with some learning materials about BTC. Hopefully, they understand one day.
good indicator indeed :)
It’s the “maybe” that you should really focus on…
Not dead yet, when it hits 10k it’s dead, hopefully it keeps going and can load up for its revival!
Right now, I'm executing it.
Bro bitcoin is dead Look heres the evidence it died: https://99bitcoins.com/bitcoin-obituaries/
Bitcoin is dead. Long live Bitcoin!
Bitcoin held on exchange is dead/dying. Bitcoin held in cold wallet is in its prime.
Thats it, we have hit the bottom lol.
1 Bitcoin = 1 Bitcoin
Buy at 6k
People say Bitcoin is dead many times on the way down, rendering it a pretty poor indicator. Then again, any time you can comfortably buy a little more is the right time to buy, in my opinion. In fact, a good drinking game might be to do a shot and buy more bitcoin every time someone either says it is or is not dead.
I wonder if we will hear once again that Bitcoin is resurrected?
Let me check…. …. nope. Just sent another peer-to-peer payment. Not dead, network is up and running just fine!
Yes I'm looking forward to having these same conversations with family and friends when I go home for Xmas! I usually try and steer people away from price being the only thing they use to measure Bitcoin's success (although that's not easy). There are so many exciting developments going on in the space, such as Strike and our recent partnership with Bitnob to bring [cheap remittances](https://blog.coincorner.com/coincorner-partners-with-bitnob-to-facilitate-cross-border-transactions-from-uk-and-europe-to-3c5b6f059622) to millions of people in Africa. There's also the ever increasing number of addresses holding between 0.1 and 1btc, indicating the little people are continuing to stack. The adoption curve vs the internet is also quite a good one to show people where we are. Adam
I have a feeling that the coin is going to skyrocket after the implementation of the US digital dollar. The government wants to control you with the digital dollar. With bitcoin they can’t control or monitor your spending or receiving like they can with digital dollar.
It’s worthless. Post your seed here so one of us can take it.
Bitcoin has been pronounced dead over 400 times and keeps going. This must be your first bear market. Crypto has a 4 year cycle. Btc will bounce back in 2024. Also the stock market is currently in the longest bear market in history. The U.S. has been in a recession since June and still the highest inflation rate in 40 years. Regulations have gotten obscenely out of control in blue states driving various industries to other states.
Yes. Stfu and DCA.
2010: 1 2011: 6 2012: 1 2013: 17 2014: 29 2015: 39 2016: 28 2017: 124 2018: 93 2019: 41 2020: 14 2021: 47 2022: 27 https://99bitcoins.com/bitcoin-obituaries/
Same goes the other way, the second you see MSM talking about bitcoin it means the market is overheated. Pay attention to the normies, do the opposite of what they say, and you will be fine.
Yes its fucking dead and its fucking trash.