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

[Spike]

spent the rest of my BTC on some anabolics and igf- invest in yourself when the market bottoms out

[deadz]

ALL gamblers eventually lose.

[Thin Lizzy]

Strong late reversal.

[Thin Lizzy]

That’s been happening since the start of the downturn. When the market breaks support or an implied support level: 100/200 day moving average, S&P 4000, and others, it goes back an forth a few times. It’s a way for the Market Makers to work traders. But, the end result so far has been new lows::

[Mayday]

That’s been happening since the start of the downturn. When the market breaks support or an implied support level: 100/200 day moving average, S&P 4000, and others, it goes back an forth a few times. It’s a way for the Market Makers to work traders. But, the end result so far has been new lows::

I woke up at 230am, checked US market, bloodbath, back to sleep and wake up at 630am, checked US market, green, LoL.

Tesla getting some hate, it’s got a loooong way back to 2020 price. If you can’t build anything you can’t deliver anything you can’t invoice anything but hey, we’re all gunna have an electric car each during WW3. Tesla share price should absolutely get smashed to oblivion, send to $165, send Apple to Hades aswell.

BTC wick becomes the future daily close, 25.5k to be a new daily grind soon. 19k doesn’t look so bad if we’re at 25k daily price—> Death by a thousand paper cuts.

Monkey virus starting to trend on prison island media. The WHO have all the power now. Certainly feels like a deflationary event type of setup going to happen here. March 2020 repeat?

[Flexacon]

Still think Eth will flip Btc market cap?

Seems like every month an "Eth killer" is propping  up taking a piece  of the pie.

Yet not one coin  has come close to challenging BTC as store of value. Slowly but surely btc is solving scalability and smart contracts on layer 2.

Funny quote I seen the other day "Eth is the mother asshole from where all shitcoins are birthed from.

Basically Bitcoin wants to be a bit more like Ethereum and Ethereum wants to be a bit more like Bitcoin.

[Flexacon]

Remember the coinbase FUD last week. Coinbase founder who sold shares during it's IPO peak and through most of last year just bought it all back during the dip. Expecting more of this in the markets.

https://us.yahoo.com/finance/news/coinbase-co-founder-fred-ehrsam-162250113.html

[Thin Lizzy]

Remember the coinbase FUD last week. Coinbase founder who sold shares during it's IPO peak and through most of last year just bought it all back during the dip. Expecting more of this in the markets.

https://us.yahoo.com/finance/news/coinbase-co-founder-fred-ehrsam-162250113.html

Another scam, as if an 80% drop is a “Dip.” 😂😂


Coinbase Co-Founder Fred Ehrsam Buys the Dip,

https://finance.yahoo.com/news/coinbase-co-founder-fred-ehrsam-162250113.html

[Theoak*]

Luna promised 20% on staked UST?

Here is another shit coin that I've called a scam from the outset promising 40% APY.

[Thin Lizzy]

That the financial media is still pimping this dog tells you we still have more way to go down.

[Humble Narcissist]

Why do people sell when it is tanking?

[Thin Lizzy]

Snap getting raped after hours.  FB and Goog getting hit as well.

[Grape Ape]

Why do people sell when it is tanking?

To limit losses and have capital to buy it back.

[Theoak*]

Down she goes.

[Humble Narcissist]

To limit losses and have capital to buy it back.

Sell low and buy high is a terrible strategy unless poverty is the goal.

[Grape Ape]

Sell low and buy high is a terrible strategy unless poverty is the goal.

The idea is to sell low and buy lower, not high.

[Mayday]

Snap getting raped after hours.  FB and Goog getting hit as well.

Everyone gunna get hit with the axe.

US Money Supply is flat 5 months into this year. Pretty amazing it’s holding up which suggests liquidity is still here but being parked outside of markets.

UK PMI got released and was 15% under the forecast. It went 59 then 58 then 51, fucking wrecking ball. The key level is 48, below that it’s straight to Hades.


Just like inflation was under forecasted, deflation will also be under forecasted and the speed under estimated. US futures already red but still, we haven’t seen a break below the lows. We need to seep that sell off.

[El Diablo Blanco]

Has Bitcoin hit $5k yet? This thread title might hold true in the near future.

[Mayday]

Finally alts starting to bleed with ETH leading the charge.

Broken below the previous low so range bottom is 0.05 which is approx 1,650.

[El Diablo Blanco]

Without $5 trillion is free government cash, how will crypto go back up to the pandemic peaks?

Answer: it won’t ever until free cash is sent out to the masses again.

[GymnJuice]

Without $5 trillion is free government cash, how will crypto go back up to the pandemic peaks?

Answer: it won’t ever until free cash is sent out to the masses again.

Do you think if there is rampant inflation more people might look into it as an alternative method of payments for day to day things? I don't use it but I could see that happening.

[Thin Lizzy]

Perhaps at some point in the future but currently it’s way too volatile.

[El Diablo Blanco]

Do you think if there is rampant inflation more people might look into it as an alternative method of payments for day to day things? I don't use it but I could see that happening.

Nope. Not at this rate.  Spending is going to go down big time as rates continue going up.  It’s a shift in balance. 

[deadz]

This thread is hilarious. Wannabes, losers and dreamers thinking bitcoin, bitcoin, bitcoin. LOL!!

[Thin Lizzy]

This thread is hilarious. Wannabes, losers and dreamers thinking bitcoin, bitcoin, bitcoin. LOL!!

Some of us saw the scam:

Wall Street has always been a casino. Speculative schemes have been going on  before our grandparents were born.

You might be right but it smells like a pump and dump to me. My GUESS is that it eventually crashes AGAIN, goes back into the doldrums, and we don’t hear from the bitcoin bugs for a while.