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

[IroNat]

Guess that money in my back account from trading and investing in crypto was a waste of time. Thanks. Appreciate your input.

No, you are a smart one who took profits.  I commend you sir.

[Flexacon]

Guess that money in my back account from trading and investing in crypto was a waste of time. Thanks. Appreciate your input.

A month back he was acting salty about kids trading "meme" stocks. I pointed out that market dynamics haven't finished playing out there. A month later those stocks have gone up 100% to 500%. I made coin there too, he was just salty. Meanwhile he pops up in here trying to make himself feel better because bitcoin crashed and he thinks we lost money. It's lost on him that he doesn't fully grasp what's actually going on with crypto and what people are actually investing in. Lol at the powerball and getting hit by lightning comparisons.

It's everyone else that's wrong and they're making money through sheer luck. IroNats always right, but doesn't make money. I see now why he's salty. Has nothing to do with him being clueless or at best past it.

[Theoak*]

I def agree with a lot of this regarding blockchain as being useful, but once widely used and more standardized will there be profit in it for small investors/will there be a need to raise capital?

The recovery of Bitcoin ransom is a big reason for the fall IMO...FBI accessed the "private key" - as I've said before BTC is port based and can easily be blocked/tracked/accessed at the ISP level.

https://www.cnbc.com/2021/06/08/bitcoin-btc-price-slides-as-us-seizes-most-of-colonial-ransom.html

Btc was not hacked. Ransom hackers used a rented cloud server. FBI got a subpoena and took control of it and recovered coins. That's it.

[Theoak*]

How many Getbig millionaires so far from crypto?

Since 1950usd.

[IRON CROSS]

How many Getbig millionaires so far from crypto?

Remember that song from the 1971 film Fidler on the Roof ...............

[a_pupil]

We need Mr Anabolic back for the banter lol. When his time came to gloat he's stuck on a business trip in dubai, india.

[Mayday]

How many Getbig millionaires so far from crypto?

Not me. I drank Hopium Satan water. Still, buying a new car with the profit (after tax) so i came out miles better than most. I learn fast though and living through it gives perspective and context.

once 30k order book is rug pulled it’s daylight to 18k with future downside risk to 12k.

I don’t think we stop at 25k. Straight to 18k. Maybe inside the next 5 days.

[El Diablo Blanco]

Is the ponzi scheme dying out or is there one last push?  Seems no news helps.  Coinbase adding Doge made it go down.  People that it would be a huge lift for it.

[Coffeed]

Is the ponzi scheme dying out or is there one last push?  Seems no news helps.  Coinbase adding Doge made it go down.  People that it would be a huge lift for it.

It's a store of value though...

[Theoak*]

Is the ponzi scheme dying out or is there one last push?  Seems no news helps.  Coinbase adding Doge made it go down.  People that it would be a huge lift for it.

Its dead for the 416th time.

https://99bitcoins.com/bitcoin-obituaries/

[Flexacon]

Is the ponzi scheme dying out or is there one last push?  Seems no news helps.  Coinbase adding Doge made it go down.  People that it would be a huge lift for it.

Doge went up something like 25% after landing on coinbase. Bitcoin however continued bleeding and that dropped Doge back down.

Doge will only pop once bitcoin starts popping. If you're waiting for  $1 Doge, you'll probably need bitcoin to hit an all time high first ($65k plus)

[Mayday]

Is the ponzi scheme dying out or is there one last push?  Seems no news helps.  Coinbase adding Doge made it go down.  People that it would be a huge lift for it.

Bear market now, Nothing abnormal to be honest.

People just refuse to believe it’s fucked after being promised 300k by December. Need to quickly know when the battle is lost otherwise be slaughtered yelling ‘diamond hands of peace’. Hi

Bitcoin won’t turn around until every single holder is squeezed of life. Saylor being squeezed but Twitter idiots think his 1.6B is bullish.

[Mayday]

It's a store of value though...

It is.

It stored 64,500 6 weeks ago and today it stores 32,000 

[Theoak*]

Not me. I drank Hopium Satan water. Still, buying a new car with the profit (after tax) so i came out miles better than most. I learn fast though and living through it gives perspective and context.

once 30k order book is rug pulled it’s daylight to 18k with future downside risk to 12k.

I don’t think we stop at 25k. Straight to 18k. Maybe inside the next 5 days.

Btc has never dropped below a previous Bull runs ATH. Do you think this time is different?

[Mayday]

Btc has never dropped below a previous Bull runs ATH. Do you think this time is different?

ATH has had 70%-85% drop every single time. 50% - rally - 50% hence half 38k gets you 19k which is where the CME futures gap just happens to be and in-line with 70% drop.

65k peak
Best case 70% - 19.6k
Worst case 85% - 9.8k

Agree it has never seen a pullback to previous ATH. Problem is look at our run up and we didn’t take a single breath from 19k to 30k. It bottoms at large support areas because that’s where the buy walls are.

Look at 2017 and the first major bottom was 7k post peak, now look to the run up and you see 7k was major support. No different to now.

If we believe ‘can’t go lower than previous ATH’ and negate the chart support zones then the argument should be 30k holds and isn’t broken. Saylor raised 1.6B of junk bonds to create that 30k wall.

do they save MSTr or punish him?

[Flexacon]

Bear market now, Nothing abnormal to be honest.

People just refuse to believe it’s fucked after being promised 300k by December. Need to quickly know when the battle is lost otherwise be slaughtered yelling ‘diamond hands of peace’. Hi

Bitcoin won’t turn around until every single holder is squeezed of life. Saylor being squeezed but Twitter idiots think his 1.6B is bullish.

Strong 180 turn from a month ago when I told you that you were being far too optimistic and you came out with "your mum" jokes. Now look at you. Lmao.

Don't let your emotions get the better of you and we'll all make it.

[Mayday]

Strong 180 turn from a month ago when I told you that you were being far too optimistic and you came out with "your mum" jokes. Now look at you. Lmao.

Don't let your emotions get the better of you and we'll all make it.

You are a good sanity check against what I think as we are most often aligned.

We have 5-7 days for it to bottom out and see where we stand.

Ideally 30k holds.

[Mayday]

Who wants to bet Tesla sold?

31k buy. HoDL?

[Theoak*]

El Salvador has officially passed the bill that makes bitcoin legal tender in the country.

[gib]

Paraguay may be next...

[gib]

It is.

It stored 64,500 6 weeks ago and today it stores 32,000 

Yet up 300% YoY.

[Flexacon]

Who wants to bet Tesla sold?

31k buy. HoDL?

As I said I believe Tesla and many other institutional holders who bought above the current price have it in their best interests to sell. But they will almost certainly buy straight back in.

The question is do they do this gradually so we see a slow BTC bleed or do they orchestrate and sell together to flash crash the price. The latter will hurt a lot of people, but offers a great opportunity to buy back in!

[Mayday]

As I said I believe Tesla and many other institutional holders who bought above the current price have it in their best interests to sell. But they will almost certainly buy straight back in.

The question is do they do this gradually so we see a slow BTC bleed or do they orchestrate and sell together to flash crash the price. The latter will hurt a lot of people, but offers a great opportunity to buy back in!

Tesla is out already my friend

Heaps of institutions already dumped.

Where do you think the 50% dump came from?  Retail hasn’t priced it in yet.

PS my Mum joke was awesome. I had a chuckle, just meant to be light hearted. Apologies if it came across as having a go.

[Mayday]

Yet up 300% YoY.

Awesome if you bought for 10k. Are you ok to go back to 0% gain and wait 1-2yrs?

I’m not being mean here. I am trying to get you lot to ask yourself the hard questions and know what your plan is because I can ask painful questions to really get you lot thinking.

Alt are starting to unwind vs BTC. Tesla is out.

everyone is waiting on a bailout from El Salvador people and Saylor to get it to 300k.

[Theoak*]

Paraguay may be next...

I have a real good feeling its ETH turn next to be legally tenderised. Then Cardano, of course lets not leave out Doge and then we still have 192 more countries who can choose from various shit coins.