Bitcoins - about to hit $5,000 per coin today!

[Flexacon]

btc dropped to 29k on some exchanges

Some of the exchanges were down just before the markets bottomed. I couldn't even get any at 31K. Ended up buying at 32.6K

[Pray_4_War]

Im calling you out on your trump 5d level chess talk...

Largest daily outflow and inflows ever on binanace..

Bear market my ass. Wait another month or three before calling it.

I'm a long term HODLer.  I buy the dips.  It dips more...I even buy more.  The price completely shits the bed....I buy more.  I'm in this for at least the next 5 to 10 years.

The way I see it, nothing has changed.  Fiat currency is being printed to infinity while Bitcoin is limited to 21 million. 

If it starts going back up right away and continues the bull market that's all good too.  I'm not sweating any of this.

[obsidian]

I'm a long term HODLer.  I buy the dips.  It dips more...I even buy more.  The price completely shits the bed....I buy more.  I'm in this for at least the next 5 to 10 years.

The way I see it, nothing has changed.  Fiat currency is being printed to infinity while Bitcoin is limited to 21 million. 

If it starts going back up right away and continues the bull market that's all good too.  I'm not sweating any of this.

Same here. It is beyond moronic to sell when there is fear in the market. You sell when everything is looking great and you want to take some profits.

I am still dollar cost averaging by mining Ethereum. The only thing today's crash did is give me higher Ethereum yields because of all the transactions going on. I am paying under $500 for 1 ETH so it has to drop a lot before it is not profitable for me. And even then I still mine it.

[Pray_4_War]

Same here. It is beyond moronic to sell when there is fear in the market. You sell when everything is looking great and you want to take some profits.

I am still dollar cost averaging by mining Ethereum. The only thing today's crash did is give me higher Ethereum yields because of all the transactions going on. I am paying under $500 for 1 ETH so it has to drop a lot before it is not profitable for me. And even then I still mine it.

[Theoak*]

I'm a long term HODLer.  I buy the dips.  It dips more...I even buy more.  The price completely shits the bed....I buy more.  I'm in this for at least the next 5 to 10 years.

The way I see it, nothing has changed.  Fiat currency is being printed to infinity while Bitcoin is limited to 21 million. 

If it starts going back up right away and continues the bull market that's all good too.  I'm not sweating any of this.

Lesson learnt for shitcoining promotion in this thread, be it dogecoin, corgicoin, safemoon, sailormoon or whatever garbage is being shilled during a bull phase.  Bitcoin takes a dump and shitcoins get flushed. 

The bear market will come after a blow off at the top. Retracement of 70-80% this cycle is not out of the question given  the sequence of events.over the past few days.  Floor price of last bull run we can put at 3-4k.  Current trend pointing towards a 50-60k floor.  Perhaps this will be the last extremely volatile bull run btc will experience....

[robcguns]

Absolutely loving this pull back.time to buy up more link.

[Mayday]

Hey gib - apparently word is it was China driven with govt support as they were trying to liquidate a specific person (which failed).

Any thoughts on whether that might be true?

[Bindare_Dundat]

Hey gib - apparently word is it was China driven with govt support as they were trying to liquidate a specific person (which failed).

Any thoughts on whether that might be true?

The amount of conspiracy stories coming out of this is almoat as bad as the FUD stories.

[Pray_4_War]

Lesson learnt for shitcoining promotion in this thread, be it dogecoin, corgicoin, safemoon, sailormoon or whatever garbage is being shilled during a bull phase.  Bitcoin takes a dump and shitcoins get flushed. 

The bear market will come after a blow off at the top. Retracement of 70-80% this cycle is not out of the question given  the sequence of events.over the past few days.  Floor price of last bull run we can put at 3-4k.  Current trend pointing towards a 50-60k floor.  Perhaps this will be the last extremely volatile bull run btc will experience....

That's 100% what I was expecting.  I was thinking that BTC would get to around 120K by the end of the year and then take a shit. 

I hope that still going to happen but I'm no where near as confident as I was before.

I never was into the shitcoins.  It's just not a good fit for my personality.

[LurkerNoMore]

As evident from my few posts in this thread, I am not into trading/buying/selling crypto.  But just wanted to say that I heard a few people talking today that Doge went down and that SHIB is now a steal to buy.

No idea if they are correct.  Or even what they are talking about really.  Any of you hold onto these types?

[Pray_4_War]

The amount of conspiracy stories coming out of this is almoat as bad as the FUD stories.

People don't think Bitcoin be like it is, but it do.

[Bindare_Dundat]

Wow, ethereum is now even cheaper than what I sold it at my cheapest price. I can get more now then I had when I sold.

[LurkerNoMore]

What's going to happen when gazillion different crypto options hit the market?  It used to be just 3 or 4.  Then they made a TIT coin (??) and some of the newer ones are something like $0.00000000012 right now (or something like that I read)

[Bindare_Dundat]

What's going to happen when gazillion different crypto options hit the market?  It used to be just 3 or 4.  Then they made a TIT coin (??) and some of the newer ones are something like $0.00000000012 right now (or something like that I read)

There's been a ton already 

[Theoak*]

That's 100% what I was expecting.  I was thinking that BTC would get to around 120K by the end of the year and then take a shit. 

I hope that still going to happen but I'm no where near as confident as I was before.

I never was into the shitcoins.  It's just not a good fit for my personality.

2013 and 2017 bull runs.

[Pray_4_War]

2013 and 2017 bull runs.

[El Diablo Blanco]

What's going to happen when gazillion different crypto options hit the market?  It used to be just 3 or 4.  Then they made a TIT coin (??) and some of the newer ones are something like $0.00000000012 right now (or something like that I read)

Lots of people making money off of these new bullshit cryptos popping up.

[Theoak*]

Lots of people making money off of these new bullshit cryptos popping up.

 Most new entrants get greedy and think the price  will rise indefinately until the rug is pulled and they are left holding the bags.

[Flexacon]

Hey gib - apparently word is it was China driven with govt support as they were trying to liquidate a specific person (which failed).

Any thoughts on whether that might be true?

I mentioned this earlier and looked into a bit further.

The China story goes that they wanted to liquidate and bankrupt Elon. Possibly connected to him fucking with bitcoin. He caused a dip and then proceeded to buy a ton. Also the colonising of Mars is another connection. China has ambitions there too. Taking out others like Saylor would just be a nice bonus.

Elon did tweet "diamond hands" and the volumes of money/coins that came in and out of the market does make the story slightly more plausible.

There is also some funky shit going on with tether. They are trying to avoid being audited.

All in all I think this is the craziest bitcoin and crypto has got!

[obsidian]

Bindare_Dundat - you should get a laugh out of Crypto Kirby here lol! Watch him talk about Elon Musk at 21:46

[Theoak*]

I mentioned this earlier and looked into a bit further.

The China story goes that they wanted to liquidate and bankrupt Elon. Possibly connected to him fucking with bitcoin. He caused a dip and then proceeded to buy a ton. Also the colonising of Mars is another connection. China has ambitions there too. Taking out others like Saylor would just be a nice bonus.

Elon did tweet "diamond hands" and the volumes of money/coins that came in and out of the market does make the story slightly more plausible.

There is also some funky shit going on with tether. They are trying to avoid being audited.

All in all I think this is the craziest bitcoin and crypto has got!

Dont see how they can liquidate Elon or Saylor, they're  not openly trading. BtC sits on their balance  sheets. Ive heard the sellers are mostly overseas, perhaps china and buyers in this phase are North American risk managers who see an assymetrical price in an asset class thats gained acceptance. 

Very smart and sophisticated money that needs exposure and weak hands are selling  right into it.  This is the big boys game now, trade and leverage at your own risk.

[LurkerNoMore]

Lots of people making money off of these new bullshit cryptos popping up.

Sooooo....    why aren't we making a GetBig coin then?

[Flexacon]

Dont see how they can liquidate Elon or Saylor, they're  not openly trading. BtC sits on their balance  sheets. Ive heard the sellers are mostly oversees, perhaps china and buyers in this phase are North American risk managers who see an assymetrical price in an asset class thats gained acceptance. 

Very smart and sophisticated money that needs exposure and weak hands are selling  right into it.  This is the big boys game now, trade and leverage at your own risk.

That part didn't make much sense to me either, but someone posted this info last night and even gave the time and dip price fairly accurately. Who knows what Elon is doing with crypto behind closed doors.

Tesla is also getting fucked with by Michael Burry. He's taken a $500million short position against Tesla (almost half his portfolio). Wolves are circling around Elon.

There may still be another barrage coming from China against Elon.

[Bindare_Dundat]

That part didn't make much sense to me either, but someone posted this info last night and even gave the time and dip price fairly accurately. Who knows what Elon is doing with crypto behind closed doors.

Tesla is also getting fucked with by Michael Burry. He's taken a $500million short position against Tesla (almost half his portfolio). Wolves are circling around Elon.

There may still be another barrage coming from China against Elon.

Are you talking about, "the insider"?  Lol

[Bindare_Dundat]

Bindare_Dundat - you should get a laugh out of Crypto Kirby here lol! Watch him talk about Elon Musk at 21:46

I watch this guy for a laugh sometimes. He always brags about shorting bitcoin, right?  I'll check it out later