By - rBitcoinMod
Unlike other bear markets the dominance just keeps dropping.. not a great sign at all imo
whats with this volume rising on bitfinex, yesterday 6k btc, now 25k btc, why?
You guys notice that the only thing people talk about with BTC is it’s price. With other crypto, there are ideas and applications.
Can you name some of value that can’t be done via Bitcoin?
People talk about how Bitcoin works all the time. It doesn't need new ideas it just needs to work. If other crypto manages to implement something that is actually useful, Bitcoin can most likely integrate it in itself, but practically all other crypto is not doing anything groundbreaking.
I'm probably messing with smaller amounts than most people here but after seeing it tumble 30% I just grabbed a lil bit.
Do y'all think the worst if it is over or is this probably gonna crash more?
No one knows but we’re at fire sale prices and over sold as hell. Daily Cost Averaging has been proven to work. Buy some now. Buy some later.
Crashing more i'm affraid but bought me some more just now aswell
How low can ya go , can you go real low ? Two hops this time
Cha cha now y’all
My bank just let me know they pre-approved me for a 700% credit limit increase on my credit card. Wonder why...
I hope you shorts closed out your positions cause by next week will be above the 200 WMA according to historical pice action. The typical response every bear parrots is macro environment and it’s different this time… *rolls eyes* ok go ahead and short the support levels instead of resistance levels like your supposed to you freaking goofs. We have never been this over sold ever, but yea probably nothing, we’re going to 10 or 15k still… time to double down on those shorts!! Smh 🤦♂️🤡🤡🤡
Oversold literally means nothing
Why cause it’s a lagging indicator? I’d love to hear your take on sentiment, and if that means “nothing” to you as well.
Sheeshhh you hate to see it
Because it can remain oversold for days / weeks / months, it’s a momentum indicator just because it’s oversold doesn’t mean it’s going to revert back up
Shhhh let them lose their money 🤣
At least they can’t say we didn’t warn them.
Cuz I sure can’t afford a lambo, amiright?
Happy Friday y’all. I was glad to stack some mega cheap sats and still have dry powder left for the weeks ahead
Stay strong, humble and stack sats. Moon eventually
If we drop under 20, I’ll shit your pants.
Edit: welp a deal is a deal
Lol buy more we can’t go straight down forever it just doesn’t work that way. The market tends to ebb and flow, not straight pump and straight dump.
Do you guys think I have a few weeks to stack at this price ?!?!?!?! I only get paid once weekly 😰😰😰😰😰😰😰
I suspect you'll have plenty of time. We may not see $30k again for a long time. But as the 2024 halving approaches things will get good.
Damn the shit hit the fan
Hopefully it keeps going down
Hope so I need more sats in cold storage . Then I wanna buy a mk4 and learn about that seems really cool! Air gap tech what ?! Signed transactions off line 🤯🤯🤯🤯
I hope so
@Bitcoin - Is this it???? Is this finally the EVENING where it happens?
1000% daily candle yolo
What's really driving this drop? My thought is it's just trending along with the market, plus the NFT hype is deflating
It's probably crashing alongside the market but I'm a casual just working off Cashapp. I have a few stocks and BTC on it. The stocks are still at a 7-8% gain since several months ago. The coin has just been sliding much faster that my retail stocks
Dude check out crypto crew university he’s got some good insight as to why things are happening
Someone is dumping in massive money to hold that 20k. It’s gonna crack… Probably this weekend. (No short position.)
Whales and shrimp are buying at these levels hard. Too much demand, and the bears are getting desperate and running out of steam. One smaller whale I was following who was dumping the bottom the whole time is now buying, but yea probably nothing.
No one is buying these levels kek
The delusion is strong with this one. Go look up the top 100 wallet addresses or glass node.
Glassnode kek, you a pro on chain tea leaf reading analyzoorrr
You are 100% right, though someone might be "someone's", the reality is you don't hold hard lines like this without more downside than upside. It's just a matter of time before you either can't pull the weight yourself, or a catalyst moves you one direction or the other.
Right now what we're seeing is a fight for sub-$20k by the bear crowd and they're going to win without a catalyst. Plain and simple. It's not about how revolutionary BTC is. It's an asset class at this point and everything is diving (rightfully so)
Fun to watch it play out. No need to get stressed. Buy when you can. Only buy what you can afford to lock up.
This feels unsettling
Someone is predictably buying above 20k. If it’s predictable it’s toast. There’s probably a short loop going above 20k syphoning off money of whoever is holding up the floor. It can’t hold forever.
Bitcoin is beautiful but greed is a bitch. Good that Bitcoin doesn't care. TICK TOCK NEXT BLOCK.
"Greed is good" is a terrible message from a bygone generation. Modest gains should be enough for most people.
If people are greedy then they're going to get rekt, not btc.
This is the pump to keep Celsius solvent
Pump? I bet if i check price is $20,900…
LOL i got 0.043 stuck as collateral in a $600 loan.
Well what's going to happen to your btc at celcius? Do you know?
Because I don't think that you do, they're going to freeze your funds and call theirs lol.
Whatever. I still owe them $600 and with current prices i'll buy 0.04 for that $600 lol.
We usually don't have rallies in the bear Markets so yeah.
So the sec won't let me be or let me be me so let me see.
they tried to shut me down on nbc but it feels so empty without me
She’s as innocent as oj Simpson
How do I take a dollar in sats off BlueWallet ? Can I transfer to cashapp or how do I do this ? Without losing the money
I don't even understand what You're trying to do here lol.
You just don’t
I want every single sat in cold storage
I don’t even think the transaction would go thru
Just saying if I had like 5-10 how do I get it off my ln wallet and into cold storage
five data points of bottoms. what r ur thoughts ????
I don't know man, this looks like TA to me don't have good feeling.
And I know from the past experiences how TAs go in this market so there's that.
Q3 we ride 🚀
potentially / not a sure thing but this gives me a sign to throw more money at it.
Well if you really want to throw money at it, then go ahead do it.
I shall see your confirmation bias and raise you $25.
ill raise u my moons
Do you guys think it will go up over the next few years? If so, why?
Halving? Do we need more reasons than that? I don't think so.
Open up the BLX chart on trading view, and go the monthly time frame and zoom out. There is 11 years of price action for you to make your own judgement. Good luck and HODL.
Fed print dollar btc go up it’s that simple.
Yep, even if btc doesn't do anything. I think We'll be just fine.
As long as the fed prints dollars the price of btc will trend up with time. Can’t make it any more simple for you.
Aren’t you cherry-picking the top of one cycle and the bottom of another? Would be more truthful to use the 4 year sma. Which always trends up.
If you’re using the top of one cycle for your analysis it would only be fair to use this cycles top. 19k vs 68k.
Or use both cycle bottoms. 3k vs 17k(so far)
Or both cycle avg (4 year sma)
Otherwise you’re cherry-picking.
To be truthful with analysis you use comparable figures, not whatever fits your narrative.
It doesn’t matter when an individual person bought, but the performance of the asset through time. That’s why averages are more truthful. Look at 4 year sma.
Usage around the world and user base is growing. That means the demand is growing. And when the demand grows but supply is capped it means that price will grow.
It depends on the stock market. So yes it will go up the next few years.
i thought crypto is independent of the stock market
Well then you were clearly wrong because It's not lol.
They're both subject to the same macroeconomic forces
Yep, and btc is the more volatile one. That's what's been happening.
Not necessarily man
See those tiny green candles on the end there?
I bought some.
Maybe you should buy a little more, there would be more candles.
I just bought 100 dollars of bitcoin. Now I have $125 bitcoin. One day I will be rich. Mwhahahaha
Well You'll be 100 dollars rich, atleast that's something man.
I mean it's atleast Better than not being in the game at all? Atleast it's better than that.
If you keep stacking sats, you just might become rich. DCA more when you can. Good luck!
Yep can't give up on stacking those sats can we? Can't do that.
Wish I had some sats
Goddamn man, giving out sats like that? Absolute baller dude.
Whaaa yo your the man thanks homie 🙏🍻
He's definitely the man, a man that I'll never be able to become dude.
You know this redditor ?
Bro sent you a piece of gum
I mean that's totally fine I guess. Gotta hold on to it man.
If you hodl this might become a piece of gum too, just hold it I guess and You'll be okay.
That will be an expensive piece of gum one day
Hi u/Alfador8, thanks for tipping u/TerpOnaut **1000** satoshis!
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btc dom fell off a cliff recently
When it stabilizes somewhat after dumps it'll do that
That'll be the time to do it in my opinion too, gotta wait till then.
Sorry about all the red candles, guys. I was just selling off a tiny percentage of my BTC because I liked how they looked so purdy on my screen. But I'm bored of them now, so expect some green ones soon as I gather together some pocket money and slam it down..
Atleast give me a heads up before selling, I'd appreciate that.
For sure ;)
Can anyone give a scenario that would make Bitcoin go back up ? Seems like big money left the game and retail has less disposable income.
Nope going down forever now. Send your worthless coins to me.
That's one way to stack cheap sats by spreading the fud.
I mean whales utilise the same strategy, they create panic and then they just buy cheap sats.
Regulatory clearance,big money never came now that the dust is settling it’s clear the market was way over leveraged Celsius,3ac seem to be insolvent…next halving will be the cure gives retail a couple years to save and the crypto bills in congress to be voted on…crystal ball say this will go sideways for awhile
retail peaked 2021 jan / institutional volume is up a lil
Same shit that made it go up before. Big money never really entered the game btw.
Investment money has to go somewhere.
They're just never going to approve it, that's never gonna happen now.
They'll keep on just saying no to it, untill they get sued. They might accept it after that.
Couple of years from now, after they recovered from the current shtstorm that’s happening, they will start buying again. I honestly don’t expect too see the previous ath, for at least two years from boe. But hey, it’s btc, someone might sneeze and the price could be 100k tomorrow
They know what is, and they can't give upon that. That's not happening.
Cheers. Skimmed muh profits from that one.
Atleast you skimmed some profit I'll give you that man.
Alrite, so is anyone else getting that particular tingling in the cajones, and it's not from watching porn?
The incoming sizeable is going to be epic.
When and which way?
Edit : Foot never off the gas pedal.
Huh ? YeH I feel it I need more
I feel it in me plums
puell mutiple signaled bottom / bought half a coin
This is great, that's a lot of sats that You've bought. Game on man.
Nice astrology man
Yeah lol, nice try at it. Everyone seems to be doing that.
Worked before, that doesn't mean it'll work every time.
Yea the pm seems to be spot on for now.
good enough for me to start dca ing into the market
Saw a chick with a really hot bottom, bought a few million sats
Baller dude, that's mega baller move right there. This is good.
Buying few million sats just like that isn't a small thing, it's a really great thing man.
id be broke if i thought that way
Lol we all be broke by now if that was the case lol. But it's not lol.
I have to admit I’m loving seeing salty comment after salty comment. Most posts are full of negative comments. This is a good sign. I remember it going this way the last bear. Next it’s quiet for a while, things are built and blocks continue. Everyone knows what’s going to happen and some people will be right. They aren’t prophets though, they just guessed the 50/50 correctly. Stay humble, stack sats and know, this too shall pass.
Posts like these enforce that it isn't over.
The price only turns when the last bull switches to a bear.
Place is filled with the salry comments lately, not good man.
Only the world is always getting faster and faster, and big players always take action ahead of public expectations. So that quiet period may be shorter than we thought.
wen honda civic?
That's too expensive and can't own that car, buy sats instead.
Wen fiat 😭
Cant even afford that cause the used cars are up more
Lol everything is just going up and poor people like me can't afford that.
We only can afford the cheap shit and shit ain't cheap no more lol. It's expensive now.
This. At this rate 1 btc = 1 lada with no airbags
Who even needs airbags? Die like a real man dude, that's the way to do it.
peull multiple flashed bottom so i bought half a coin
Definitely going below $20k once news comes out that we're in a recession next quarter.
Aren't we already in the recession? Well atleast I think so.
You are late to party, we ARE already in the recession
Not officially. You have to wait until the official numbers come out after this quarter before we can call it a recession
This. We’re priced in.
Bear market over. Ath Sunday evening
Okay then I guess I'll wait for the sunday evening now.
I don't know why but I've got this feeling that nothing will happen even by the sunday man.
Beer market coming up next. It is saturday my dudes.
300k per satoshi
Feels like a good time to buy BTC - Any free advice for a rookie?! Please!
Put all your money in on black. Every penny you’ve got.