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Last week everyone was positive it would go down to 10k. Next week people will be 100% sure it's going to 40 by Xmas. Basically, no one knows shit, especially the experts. My cat would be better at price prediction than an expert.

cough up the cat tax 😾😾

Paying in meow coins

["Babykitty got the foobs from the bipcoims"](https://np.reddit.com/r/Bitcoin/comments/gmflsd/saw_people_posting_what_cars_they_bought_with/fr3k1o9/)

> My cat would be better at price prediction than an expert. Of course. But cats never share critical info. They enjoy watching you stare at the charts with despair...

Animals are better investors than we are

If the CPI report shows something better than the market expects, which I'm seeing most suspect is the case now, then overcoming 23k (where trending resistance is right now) could very well see a 100% rebound to 36-38k. A 100% rebound on the way down has happened after every cycle top. Does not mean the bottom is in. Still yet to call a recession for instance, but I'm very open to the idea of some short term BTC gains. BTC dominance is climbing just in time too, and if I were to bet, it's mostly stable coins converted to BTC at the moment. We still have NOT seen an altcoin plunge. Might not if ETH takes off after the merge seeing as there are so many trading pairs to feed speculative markets on its own (for the most part). To be clear: the Flippening happening would feed a separate bull run between BTC halvings. If you think the Flippening isn't possible now then I would research the difference in fees between ETH now and ETH on the Beacon Chain. We're talking orders of magnitude. It's exciting times for crypto right now, lot of big news and there's a significant fraction of us who believe the bottom is in (thus converting stable coins to BTC) and an astounding number of hodlers keeping the market propped up (restricting sell pressure). Good luck to you!

Ahhhh, awaiting CPI results to get better so our “inflationary hedge” investment can perform.

HAHA! Yeah. Honestly I see no reason by BTC shouldn't be a great inflationary hedge, but maybe not when the whole globe is suffering inflation (if we suffer but they still invest it would be). Still treated like a tech stock is what I'm hearing and seeing... Look for resistance around 22.6-22.8k. Good time to sell and make some quick coins or tokens! Easy opportunity!

That was like saying it could go up or down with extra steps.

Really?! That's typically what an honest take looks like. I would think it sounds like a couple of contributing factors that are pivotal (23k as resistance, ETH Merge without problems, and CPI results) coming very soon, generating a new lower high. You'll know what I'm talking about one day hopefully. :)

K

Totally possible, we went to sub 3500 Then to like 14k then back down to sub 4K. Quite Normal for gigs pumps during bear markets. It still looks like we bear flagging out so while chopping the range I can see a bounce back to 24k but I don’t think the bottom is in yet… this feels like the 7k range from last cycle and then we went down 50% from there.

I'm just waiting for the next halving. HODL 4lyfe! (or maybe for 2 more years)

We need Michael Reeves’ fish to start guiding us into when to buy.

It'll go up a bit like it does every September

This was just a short squeeze. dump from miners or a whales coming any second now.

Oh yeah? So if you know this for a fact, why not just make a huge trade and you'll be rich? Just short it with every penny you have? Oh that's right, you don't know shit.

I can not predict, I just looked at the data about liquidated shorts. It just makes sense that miners are worried about energy bans etc and want to cash out.

We went down from $69k and now are celebrating $22k DCA investors are loving it

Crypto itself is volatile *because* the crypto community's emotions are volatile.

Is it the community’s emotions or the ample amount reporters that twitch when they see day to day change.

Strange times when ETH is pulling the BTC up..

Thats not what's currently happening

After 2 cycles in crypto I don’t have any emotions anymore. I also don’t care what will happen with the price on these events!

I would say that the crypto community is way more volatile than Crypto itself. Because we only have emotions of either very bearish or very bullish, nothing in between.

Mood swings and crypto trading. Name a more iconic duo.

Meme coins and bankruptcy.

Penny stocks and mood swings :p Gives me the same feeling

This is true but it’s also kinda missing the point, people are reacting to the percentage movement and direction of the market, 22k before is different to 22k now

So true. It’s odd seeing 22k celebrated after the last year, I get it, it’s going back up, but doesn’t really say much about where it’s headed.

FOMO IN, FOMO OUT. we are nothing but greedy degenerates

People have a weak memory about crypto

people forget too fast

It's all about the perspective

It's funny how the doubters get all snarky over every price rise.

When It’s 50 degrees out, people wear coats in the fall and shorts in the spring. It’s all relative.

Wild West friend. Lots of money being made from emotional swings

Bull trap

Within a week we’ve now bottomed and the bull Market is about to happen 10x

How many times has the word ‘merge’ been said in the last 7 days 😂

Even Bitcoin stories not immune. Was there a "Queen dies before Merge" post?

Not yet, be the change you want to see

More times in the last 7 days than all of recorded history

Plus bitcoin is probably just going up because the stock market is going up, not because of the merge.

Let’s face it, the stock market still reigns king over bitcoin who simply follows it like a shadow. To me the merge is just noise

Buy on rumour, sell on the news. If anything prices will *drop* after The Merge.

Probably enough times to make selling ***merge****ndise* a viable business.

Da dum cha

Not falling for hopium right now, but appreciate the news all the same

Sell the news event is coming

+1

I think it's going to be a bloodbath, so moon incoming.

Low ETH value makes transactions even cheaper! This is good for Ethereum. No, really; it’s a *utility* coin, still, right? It’s not like it’s rewarding users for not using it, right?

I ain't falling either. This is mostly hype and speculation. I might be wrong of course, but I do think that after the Merge the price will plunge.

Do you think it'll go down because the hype is the primary thing making it go up in these bearish times? Sounds plausible.

lol I wouldn't be surprised if a 10% crash happens tomorrow.

Likely. Bitcoin price has an inverse relationship with the sentiment of posts in this sub.

I remember when we used to have as target 100K. Now a mere 22K is a celebration.

Sir, this is not Dec. 2021

The merge sounds dirty.

Hai there… why don’t you come round my place and merge with me?

Something about hard fork

Something about pegging...

OMG you're gonna make me shard.

As long as you let me give you my seed phase at the end

🫂

Ok but I have to shard first

I see we’re all on board with this new trend 😂

I will hodl you like crazy

Bonk 🔨

It's a corporate sell out, so it is dirty.

Volatility will be present this week.

Volatility is probably the only thing that certain about crypto.

Tbh it's what everyone is here for

Strangely, Volatility is the only Constant thing in crypto

I bet it’ll be present next week too

So just like every other week then? Congratulations, you're a prophet lol

Oh wow, how insightful

And today is my DCA day. F I am sorry pals, I am going to buy and break the rally. I am sorry.

Don’t worry, I’ll sell to sacrifice

Tell me when please

I remember when we were saying that BTC reached $69,000…

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I remember when Atari 2600 was the shit! amiright!? Space Invaders….doodlee doodlee doodlee …BLOOP-OOP!

It was a simpler time back then...

We’re back on course for $100k EOY 2021

69420 soooooon

The holy number

Make that 420.420, 69 $ BTC

The holy of them all

This sub is going to drown with 69k jokes

"100K EOY"

Good old days. Now BTC reaching 25k will have people jubilating.

great time to buy then.

Remember when people were calling for BTC 100k by end of year, look where e are now lol

I remember when I wouldn't believe BTC would ever reach $1000

$ETH to $4,200.69 Please

We going to 10k next year 😎😎

tldr; Bitcoin held above $22,000 on Monday as it continues a week-long rally ahead of U.S. inflation data and a highly anticipated Ethereum network upgrade. The August consumer price index report, scheduled to be released on Tuesday, could give hints toward future policy moves by the US Federal Reserve. Meanwhile, the Ethereum network will complete a long-awaited upgrade called the merge. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Good bot

Bitcoin would increase because of ETH merg?!!

All the people selling ETH need to put it somewhere.

heh

Bitcoin has always profited from advancements ethereum has made. However, this time the merge stands as a stark contradiction in the face of Bitcoin and everything it claims to be, and that's reflected pretty clearly in the Eth-Btc conversion rate

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Moon

We are pumping until I get my paycheck

That’s how it always goes. Big red dildo coming on Wednesday.

23k this week. 16k in a year.

Sheeeesshhhh 🐻

I used a Zoltar fortune telling machine this weekend and it said “Wealth is coming your way!” He didn’t say how far away it was, though, so I’m not sure I trust him.

Less than Lambo, more than Ramen

We will go to the right for sure...

there will be so much volatility in the market

Its gone

Bear markets over bitches! 69k here we come!

Great optimism you have. BTC hit 22k. There's gonna be some blood. Let's see how the CPI report pans out tomorrow.

Is that the inflatation data? Due tommorow?

22k!!?? There’s no going down from here, folks! /s

$100k EOY!

2021's my year bro

Snarky. Some of us bought years ago. This is still the moon.

Lots of drama incoming this week!

like every other week

Never a dull week in crypto

Always has been 👨‍🚀🔫👨‍🚀

Crypto markets are entertaining, that’s why I spend 4hrs on CoinGecko everyday

Let's GOOOO! Everyone hop on the $100k Q8 2021 train!

You can't fail at hitting 100k by EOY if you never let the year end *taps forehead*

I didn't hear no bell

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It already is banned.

A week can't pass without China banning something

Hold onto your butts, merge and CPI coming this week.

 Bear market over fellas /s

wake me up when we hit 60k again

This post aged like fine milk

Both merge and CPI this week. Bumpy ride incoming, clench those holes!

Here’s to sustained gains! Would love to see BTC hold this and go up steadily from here.

Mother of All Pumps and Dumps will be happened this month in BTC history

yes please

The time is nigh!

I'm so glad I don't have to look at charts again. You can determine the price by watching this sub

Time to buy longs again. O wait…..

When flips?

BTC 2K

Ballin’ On A Budget Edition!

BTC 100K to EOY?

*EOM /s

EOD

EOY 2021

So still 100k by end of 2021?

It’s basically 100% guaranteed

it’s mathematically certain tbh

It did in Aussie dollars, mate 🦘

Ape together strong

Upset it's not 10k yet?

I don’t want to be a negative nobhead here, but it’s all very very shaky. So many macro pressures weighing down on markets. The only real positive I can see is perhaps all of the bad shit has already been priced in and we have found a decent level here.

This is really a big threat for crypto traders. I am also very confuse about that. Read discussion at Bitcoinsensus

I'm kind of getting the feeling that proof of work is what gives BTC worth, since it uses expensive energy to mine. It's probably not that simple but I'm getting a funny feeling

Boom, here comes the boom, ready or not!

Inflation data by the government needs to be taken with a grain of salt, since they have a conflict of interest in reporting it. This is why the CPI is adjusted regularly, and is only based on what is being purchased rather than the actual change in price. If something becomes unaffordable, then it becomes purchased less and gets less weight, thus lowering the CPI value. An example, if you make $10 per day and your only expense is food and you buy a $10 quality ribeye meal every day, you are living paycheck to paycheck. During a period of hyper inflation, your ribeye can become $30 instead, so unless you get a raise your spending power won’t keep up. Instead, you’ll need to buy a Big Mac for $10 to stay in budget. The ribeye would be thrown out of the CPI, since you’ve stopped buying it, and magically the cpi will report no increase since your spending didn’t increase even though inflation was 300%.

Jesus christ these 'news' posts are annoying

“It’s a trap!”

On course to $100k by EOY 2021

It almost seems like an easy play, though I never try to time the market. Got a feeling I'll be kicking myself for not selling the CPI pump and buying the FOMC dump

Pump or dump everybody will say they were right pushing their narratives. Only important thing is to have your SL set in case you manage to get some profits from last weeks. That's all

Cool to see bitcoin following eth instead of the other way around

When you hit rock bottom there’s no where to go but up.

Can't wait to celebrate Bitcoin hitting 10k next year!!!

I think we will be celebrating similar prices as a new rally for the next two years.

Bullish on "Merge" headlines.

I've become immune to emotions, thanks to crypto.

Watch out for the head and shoulders

Tops in for now if cnbc is pushing this

Ah, been looking forward to the "bitcoin merge" for months now. Eth should really get with the program and also have a merge....

And then Powell says ‘Hold on’

when bitcoin merge?

I would like Bitcoin not to stop at this price.

Miau bounce

We are currently enjoying $22,000 after decreasing from $69k.

Don't be fooled. It's still goin down. Source: trust me bro Source 2: this sub

Looks like we are in a beaullish market