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

[Theoak*]

Elon tweets Tesla never sold all their BTC. Stimulus cheques incoming (shout out to stimulus poster guy who has been shouting about that for months)

I can see it going even higher before dumping hard. Dump could even happen by next Friday

How timely, has a meeting with Saylor, Saylor announces another 500mill purchase and Elon comes out with a tweet how he will be accepting btc in the future and hasn't  sold.

[Mayday]

Elon tweets Tesla never sold all their BTC. Stimulus cheques incoming (shout out to stimulus poster guy who has been shouting about that for months)

I can see it going even higher before dumping hard. Dump could even happen by next Friday

The pump just now was a couple of candles where institutions pumped the very bottom and retail buyers aped in right at the top.

Strong resistance is at 38.9k which is where it’s at now. Notice Volume dropped way off, retail buyers now trapped right at the top with no volume and a heap of shorts below which weren’t liquidated and institutions now an easy 5% in margin, holding loads of coins and with open short positions.

Twitter says it’s a short squeeze. I say more likely a nuke to sub 30k.

[Theoak*]

I know what you're angling for though, so I'll save you time. I say when BTC gets banned and you respond with "that's what's so great about it. It exists outside government control, can't stop people using it etc etc".

So now you've  gone from reading  the market to perfection to reading my thoughts in the event of a black swan scenario?  I make no excuses for if/when btc dies.  I  hope everyone here makes fuck you money, regardless of their strategy.  Salty.......not even if btc dumped to 11k.

[Flexacon]

The pump just now was a couple of candles where institutions pumped the very bottom and retail buyers aped in right at the top.

Strong resistance is at 38.9k which is where it’s at now. Notice Volume dropped way off, retail buyers now trapped right at the top with no volume and a heap of shorts below which weren’t liquidated and institutions now an easy 5% in margin, holding loads of coins and with open short positions.

Twitter says it’s a short squeeze. I say more likely a nuke to sub 30k.

I've not gone looking at charts or anything directly for a while now, but yeah it does seem to have stalled around 39k.

I'm not ruling out a short squeeze, but not from here. It's more likely after the dump.

[Flexacon]

So now you've  gone from reading  the market to perfection to reading my thoughts in the event of a black swan scenario?  I make no excuses for if/when btc dies.  I  hope everyone here makes fuck you money, regardless of their strategy.  Salty.......not even if btc dumped to 11k.

I've never said you were salty. I have said you were menstruating though 

It's all good man. If you didn't notice I didn't call you out when I had a pop at maxi attitudes on here. You're doing your thing and I respect that.

I've called out people who came in here to troll when BTC crashed and I called out people who came in here to hype trash like ETC, so I have no agenda other than against idiots. Maybe I just need to stop calling people out 

[IroNat]

That somebody is me, and I DCA weekly  ~ 800-1k weekly using yield platforms. Really, im earning and not cashing out. My passive stream of income doesnt go into BTC.  A fool? Time will tell....

You damn dummy!

[Mayday]

.

[Flexacon]

Bitcoin is like that fighter who takes punch after punch and continues to move forward.

In fact, it's opponent could pull out a 38(pistol) from his waistband and shoot center mast and Bitcoin would probably crouch forward and wince a little bit but ultimately would stand back up and continue ahead.

So bitcoin is a Marvel superhero?

[SOMEPARTS]

So bitcoin is a Marvel superhero?

More like Nate Diaz.

[SOMEPARTS]

This is de ja vu. Ive purcashed at the bottom,mid and top of every bullcycle since 2013.  We all go through those thoughts, I always attained for a whole number I would hodl and the rest would traded, experiment with. I remember the feeling those red candles dropping by $10-$50 at a time. Gut wrenching, still held.

 Then time passed and those candles became $100-200 increments. Years went on and $500-$1000.  By that time, life changing money was given to me only to be ripped away.

Enter 2017 where $1000-2000 candles were the norm through out the year with a subsequent drop of  ~$16000 from ATH. Never sold!

2021 $10000-20000 candles are the norm now and the impact of these dramatic rises and falls have a far lesser impact on my emotional well being. Because time in the market beats timing the market.  You think by 2025 when these candles break up and down by 50-75k that im going to flinch a muscle?

See for every bullphase and bearmarket their are new participants entering the space, those left over from the last phase hodl strong and understand the game while new guys make their bones. We all lose, some learn and adapt......others time the market, take.their gains oay 30-50% CGT only to enter back into the market at a higher  price.

2025 is an eternity from now with this horse already in line for the tech glue factory.

The outflow in crypto when real economics start to show weakness will be breathtaking.

[polychronopolous]

So bitcoin is a Marvel superhero?

I never was a big comic book reader but the closest comparison I could make would be like Wolverine

[gib]

Bitcoin has a mini rally and now the fanboys are back feeling like champions. Some of them clowns like poly act like borderline cultists. Gib, seems like a nice guy, but he gave himself up on here a few years. Bitcoin looked dead and he pretty much owned up to acting the part of a shill.

Lol, will not sure that I entirely agree with that. But yes, I was bullish on BTC last cycle. When you own BTC, you are incentivized to ensure others adopt it, become aware of it, and ideally purchase some of it. And yes I did sell at around the 15K mark suring that last cycle. Not because I didn't believe in BTC's long term potential, but because the rate of the increase seemed too sharp in the short term.

This time around, I plan to HODL long term, and I believe 2025 will be another stellar year, regardless at what happens in between. Having said  that, if I saw obvious signs of a manic sort term bubble, who knows, at a certain point I would need to reconsider my HODL. So, for example, eg BTC goes in a gradual rise to 500K over the next 5 years, I would likely HODL. If it got to 400K by the end of this year on the other hand, I might be tempted to sell, even though my long term outlook remains.

[gib]

You don't have to be that smart.  It's more control of emotions combined with common sense, experience, and gut feelings.

I dont consider bitcoin or whatever variation you call it to be investing.  It's speculating.

In this case, perhaps currency speculation, like speculating in dollars or yen.

Bitcoin is supposed to be currency, right?

Investing is a long-term activity.  You invest in an education for example.

Speculating is looking for a quick score.  Nothing wrong with it as long as you understand the game.

Somebody mentioned DCAing into bitcoin every month like bitcoin was a stock index fund.  That's foolish.  Someone with no understanding of the game.

It's the Greater Fool Theory in action.  A game of hot potato.  The Quick or the Dead.

I agree with most of this, but I would say that "speculating" can be both a long term or a short term activity. Its quite feasible to take a long term view on BTC, with the speculation being that in the long term it will gain significant value and adoption, regardless of short term sentiment shifts along the way...

[Mayday]

Muh short position at 38.9k……..

[gib]

US markets awakening. Will be interesting to see how things play out today as they get into the action...

[Mayday]

US markets awakening. Will be interesting to see how things play out today as they get into the action...

[Flexacon]

Muh short position at 38.9k……..

I'm starting to lean towards this being a bear market now too as I'm struggling to see where the money will come from to reach another ATH so soon. This looks more like a wait and see for me now

I've long believed that hidden institutional money caused this years pumps and they must have been involved in sell off that caused the crash. I figured they would eventually buy back in big, but I'm not so sure now.

I've come across this.

Hedge funds could basically park their money in crypto  as it was accepted as liquidity on their balance books. They could also collect some really nice gains by staking. May 4th this all changed. It looks like since that date crypto holdings were considered an asset. Coincidence a big crash followed shortly after that? For now I don't believe institutions have the same incentives to buy back in (I have some other nice confirmation bias, but it's pretty boring)

https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-802-Approval-Notice.pdf

[SOMEPARTS]

This guy, hahaha....making billions per tweet.


"Bitcoin’s price surged after Tesla CEO Elon Musk said Sunday the electric vehicle maker could accept bitcoin transactions again in future."

"Musk said Sunday that Tesla will resume allowing bitcoin transactions “when there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend.” 


https://www.cnbc.com/2021/06/14/bitcoin-btc-soars-after-musk-says-tesla-could-accept-the-crypto-again.html

[Griffith]

Volume is still quite low.

[a_pupil]

This guy, hahaha....making billions per tweet.


"Bitcoin’s price surged after Tesla CEO Elon Musk said Sunday the electric vehicle maker could accept bitcoin transactions again in future."

"Musk said Sunday that Tesla will resume allowing bitcoin transactions “when there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend.” 


https://www.cnbc.com/2021/06/14/bitcoin-btc-soars-after-musk-says-tesla-could-accept-the-crypto-again.html

Crypto is a meme right now. LARPing "investors" getting cucked by turbo incels like elon musk.

[Bindare_Dundat]

Sticking to my plan, selling everything again between 42k and 52k. That'll most likely be the end of this run this year.

[IroNat]

This guy, hahaha....making billions per tweet.


"Bitcoin’s price surged after Tesla CEO Elon Musk said Sunday the electric vehicle maker could accept bitcoin transactions again in future."

"Musk said Sunday that Tesla will resume allowing bitcoin transactions “when there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend.” 


https://www.cnbc.com/2021/06/14/bitcoin-btc-soars-after-musk-says-tesla-could-accept-the-crypto-again.html

Meanwhile he's shooting off rockets that fill the atmosphere with carcinogenic pollutants because he cares about the human race.

[Flexacon]

Elon has given us some lolz, but are people still falling for it? He's tweets aren't what's causing a $trillion to crash out of the market, he is just a distraction. This cycles version of John McAfee.

[Flexacon]

2025 is an eternity from now with this horse already in line for the tech glue factory.

The outflow in crypto when real economics start to show weakness will be breathtaking.

This is a really great point. The evidence from March 2020 points to crypto being a huge liability in an economic meltdown.

Although there doesn't seem to be much in the way of a safe haven right now. You know things are pretty bad when Buffett buys Apple stock as a safe place to keep his money.

[OneMoreRep]

This is a really great point. The evidence from March 2020 points to crypto being a huge liability in an economic meltdown.

Although there doesn't seem to be much in the way of a safe haven right now. You know things are pretty bad when Buffett buys Apple stock as a safe place to keep his money.

I still think Real Estate (properties but also including land assets) is the safest haven. It's the best hedge against inflation and economic collapse, as people still need a place to live and there is a finite supply of land available to build/inhabit in.

Crypto has a world of potential, but we might not yet be in that world. It could very well take a total collapse of the US Economic system (looking to have a high potential at this point) to set the stage for a decentralized form of currency that can connect the "unheard" masses and get the greedy hands of the central banks out of the finances of the average person and business.

"1"