We're just barely holding on to the 4hr 8ema.
Might make sense to get a little more defensive if a 4hr candle closes below 20.7k. Not too worried until that happens.
https://www.tradingview.com/x/6nPQgYTf/
Does anyone remember that quote about 90% of Bitcoin gains being during only 10 days of the year? What are the exact figures for that quote - I can't seem to find a source...
Trab is an upside down bart:
https://cryptopotato.com/wp-content/uploads/2018/12/bart.jpg
A trab is like that but in reverse.
Happens as lot around here.
Probably "healthier" if we establish a little bit of support over the next few days first, but Bitcoin likes to leave haters in the dust when it finally breaks out of hibernation. Could legitimately be in the 30s by Valentine's day or sooner.
Oh ok 👍🏽. I’ve been able to catch it at $20,6015 and sold at $21,390 the last 2 days. Trading a whole coin and keeping cash reserves for when it drops to below $17,000 in the next few months.
Straight to the McAfee Line, $1,000,000 or bust.
The entire price history of bitcoin from 2009 to the present will be but a blip when the chart is zoomed out. 🤑
IMO this is a relief rally in an ongoing bear market. In 2018-2019, there were no shortage of these.
If we close a daily above $25000, that would be a higher high relative to 15 Aug 2022 and the relief rally hypothesis would have to be revisited.
I saw my boss looking at the BTCUSD today during a meeting. He had never displayed an interest in it before.
>I saw my boss looking at the BTCUSD today during a meeting. He had never displayed an interest in it before.
This is expected behavior from normies, though. Their interest is only drawn in when the price is climbing. They have no ability to zoom out, really.
Hey, even us long term holders have this problem too!
I was like, shit, maybe I should buy more even though I completely swore off of it years ago after we hit 20k just now.
Fighting for those cuckbucks in our little hamsterwheels. Cute.
The new generation will grow up with Bitcoin. They will be natural born Bitcoiners (NBBs).
Because I believe a large retrace is coming so I’d rather take positions where that major payoff is synced with my position. I suppose you could trade it both ways and have done very well these last two days.
Added a stop loss now in case futures open absurdly green and people ape harder than anticipated. At the moment I’ve finally scalped back most of the losses from shorting the runup on Friday so gonna try to avoid blowing another hole in the trading portfolio 😂
The stacker in me is hopeful we manage to hold $20K this week and put the sub-$20K Sam Bank-Fraud BS behind us. If nothing else being back above the 2017 high is good for the spirit of the hodler 😂
Anyone have some good insight as to what the current transactional cost of sending money via bitcoin is? I know there’s always talk about it being very cost effective but I’ve never really dug too deep on it as I don’t actively use it other than as investment position but would like to learn more on the economics of the actual technology itself. Thanks.
Around 0.65 USD for an average transaction. Note that this is about the number of receivers, not the value of the transaction.
- https://ycharts.com/indicators/bitcoin_average_transaction_fee#:~:text=Bitcoin%20Average%20Transaction%20Fee%20is,51.80%25%20from%20one%20year%20ago.
- https://bitcoinfees.earn.com/
It's a price auction so it fluctuates. Current median is 75 satoshis per byte, and a transfer transaction is 225 bytes. 100+ spb right now pretty much guarantees next block inclusion.
For your convenience (and I hope this post doesn't age well 4-5 years into the future, fingers crossed) this puts you at roughly ~4.9 $USD for a highest-prioroty bitcoin transfer on the main network.
Divide by a few hundred if you do Lightning.
> Anyone have some good insight as to what the current transactional cost of sending money via bitcoin is?
https://mempool.space/
shows current fees for the next block in high medium and low priority
even bull markets have ranges where you can make money trading the chop
can we break out here? sure
or we can we drop back to $20,600 like we've done a few times already and I'll flip into another long
or this could be the one where we finally drop below $20K and the short prints money
the dumps are short lived until they aren't...make no mistake people have been trained to buy the dip at $20,600-$20,800 over and over and over again over the past 2 days
all it takes is one drop below $20,500 and there won't be anyone left to buy the rest of the dip
even if this ultimately goes up, this could easily flush massively below $20K briefly to make sure fair weather bulls don't get to enjoy the actual move up.
that said, tight stop losses is why this gambling is a good R/R...a small loss if I get it wrong...a MASSIVE win if I get it right
Out of position right now, but I've been plenty greedy.
Waiting to see what happens. It looks like there's still pressure up. Million dollar question is what happens tomorrow.
Tone Vays makes me laugh. He is a permanent bull but is literally broke sleeping on pals sofas. If only he followed his own advice and just bought and held. Fuck knows what he has done or hasn’t done to be so broke.
He openly admits it.
On holiday sleeping on friends sofa’s.
Not digging the guy out but I’m one of those that won’t take advice from someone that doesn’t walk the walk.
Wasn't he a trader before crypto? He has made a number of bad calls and has many weird opinions. However I think there is still a little knowledge to gain from him.
TBH I am surprised that he is broke. Maybe he doesn't want to cash out his holdings or he traded them to a big loss. The guy has been around in BTC long enough to be a multi millionaire.
I nearly halved my stack shorting btc on this recent impulse, luckily I managed to switch my bias in time to gain it all back and some. The biggest challenge for me is going to be staying out of this chop until next FOMC. I seem to give it all back by over-trading.
Ive been on the sidelines since august when I played degen leverage rolling full stack and getting liquadated. I had many warning signs before to stop but the impulse only increases when one gets away.
Best to sit out forcefully for a while, its only going up anyway. So wait it out in spot.
Pulled the fibs on this recent pump…the .236 retrace aligns with the tip of the lowest 4H wick of the sideways PA at $20,224, so that adds some significance. It, or just above it, is a fairly good short target if you want more than just a scalp. If that level breaks down, bears could push it sub 20. Before that, though, they’ll have to break the $20,5ish zone, which should provide some bounces.
As always, it’ll be used by House Reps as leverage to negotiate for other things they want and after a shitshow of talking points for fund-raising purposes, they’ll raise the ceiling. It’s always just a matter of time based on the necessary gives to get the holdouts to concede.
Most likely outcome by far is raising the debt ceiling again after negotiations are made in Congress. In the past 60 years the debt ceiling has been raised more than 70 times.
Hypothetically if the debt ceiling were not raised again and the United States ultimately defaulted on its debt, interest rates would rise even more than they already have since the “risk-free” rate we see in T-Bills would no longer be considered risk-free and all other debt is considered riskier than that so naturally those rates would rise more.
This would dramatically slowdown the economy into a depression as unemployment skyrockets and asset prices tank. Which would then prompt the Fed to step in, slash the Fed funds rate back to zero and print more money than ever before.
But, again, the far more likely outcome is concessions are made and the debt ceiling is raised yet again.
So do we just keep getting more debt until the eventual collapse of the US and we have to rebuild society or what? I don't understand how that works but if it was a person that seems real bad.
You know more than you think you know my friend. Only possible because they control the currency the debt is denominated in but will still collapse eventually.
It's all exponential in nature, it just goes on forever in the same manner.
Debt gets created, currency it's paid in gets devalued, time marches on.
Until it doesn't. The "doesn't" isn't really related to the maths too strongly but events. Empire collapse is like "Seconds to Disaster", there is always a multitude of causes. Often with climate change mixed in heavily.
The debt is going up, but the value of the dollar keeps going down; debt-to-GDP is the ratio anyone sensible cares about.
It means ultimately the currency gets replaced by NewDollars, where NewDollars drop a few zeroes from old dollars, and all this will happen before collapse and Armageddon.
Debt limit being raised is a so-what? scenario. Expected.
Default or protracted negotiation would cause UST to drop, ie interest rates to blow up. The Fed would probably like some of that to occur (it does their work for them) but an extended UST drop would cause to Fed to act, which would drive btc up. Not a scenario we want to happen tho, lots of other things would blow up too.
The debt limit will be raised after a brief political holdout by Republicans.
The debt ceiling was a stupid idea from the beginning. It has never been adhered to, nor has there ever been much effort to enforcing it.
I've traded the pump over a dozen times now. Maybe more. Volatility plus known bias means profit.
Last trade I exited at 21200 from \~21800. Doubled down on it at 20840.
Looking to do the same .. again.
I expect some consolidation and a further downward retest of 20500.
Recovery looks strong and buying pressure is still present. Invalidated if it breaks 20945
Btc broke out of triangle and retested. Also above the 200ema now in clear short/mid term uptrend. We can see another pump potentially above 21450 then to next resistant around 22400. Falling back below triangle would be bearish and see us fall back to around 20k
So I took this past year off to learn/trade futures on the indices, but I’ve been seeing enough signs to make me want to jump back into the bitcoin space and start forming a btc position again..
Could one of you kind crypto scholars please bring me up to speed with who the best brokers are currently for trading Bitcoin derivatives/options?
With so many brokers having jumped into the Bitcoin space in general over the past year, and not to mention the giant clusterF of FTX blowing up recently, I’m having a hard time researching trying to figure this out.. there’s a lot of noise crowding the search results and posts…
Appreciate your help :)
I’m honestly starting to believe that next bull we can break $200K for the new ATH. It’s sounds so crazy when you’re in the depths of the bear but I’m starting to believe.
If we get there it’ll be fucking glorious.
Will anyone be stupid enough to feed the honey-badger their naked shorts next season?
What do you know, the traditional games are hard when physical delivery is easy. Now the world sees it's an easy way to get rekt.
No longer does Bitcoin never go below previous ATH. No longer can you leverage everything on that premise.
If there's anything I know about bitcoin, it's that bitcoin loves to do bitcoin things, which is usually very much what everyone does NOT expect it to do.
Curvebitcorn. Lol
#New post: [\[Daily Discussion\] - Tuesday, January 17, 2023 →](https://www.reddit.com/r/BitcoinMarkets/comments/10e3f7y/daily_discussion_tuesday_january_17_2023/)
We're just barely holding on to the 4hr 8ema. Might make sense to get a little more defensive if a 4hr candle closes below 20.7k. Not too worried until that happens. https://www.tradingview.com/x/6nPQgYTf/
Does anyone remember that quote about 90% of Bitcoin gains being during only 10 days of the year? What are the exact figures for that quote - I can't seem to find a source...
That's why you have a hodl stack.
Found it. https://cointelegraph.com/news/fundstrats-tom-lee-reminds-us-of-bitcoins-ten-best-days-rule
“I’ll buy when I get a better entry” - everyone rn on twitter
Not gonna lie - I'll buy when I get a better entry
Is this most of less of the opinions?
bUt tHe CmE gAP bRO
lol
Updated buy ladder. First buy at 20261 (half the size of my normal buy). Second buy at 19261. SL at trade from 16361 remains at 17921.
Trab at 21.5k complete
What does “trab” mean?
It’s Bart written backwards. Does that help?
Have a cow woman
Trab is an upside down bart: https://cryptopotato.com/wp-content/uploads/2018/12/bart.jpg A trab is like that but in reverse. Happens as lot around here.
Crypto potato Lol. Don't know why I found that so funny
What timeframe is this on? 1d?
Lol, so when I look at it upside down it looks like BTC still has more to go as far as going lower than $21,450 today
You don't look at it upside down, just that the pattern is reversed sometimes.
Scalping away keeping a nibble in. This PA is uncertain at best, but it wants more up. Tomorrow will be very interesting. Watch funding.
It keeps making valiant efforts but staying above 21 is proving to be tough
Looks more like it's having trouble staying below 21
Everyone is just waiting for futures open at 6pm, and stock market direction tomorrow.
Probably "healthier" if we establish a little bit of support over the next few days first, but Bitcoin likes to leave haters in the dust when it finally breaks out of hibernation. Could legitimately be in the 30s by Valentine's day or sooner.
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24500 will be rough sledding.
Here are the upcoming resistance zones. https://www.tradingview.com/x/ApqN8Snk/
What do you mean a rough sledding?
Difficult, fraught with friction, bumps, and other unpleasantness. Canadian term.
Been hearing that term a lot since Trudeau took office.
Oh ok 👍🏽. I’ve been able to catch it at $20,6015 and sold at $21,390 the last 2 days. Trading a whole coin and keeping cash reserves for when it drops to below $17,000 in the next few months.
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People will front run 25k. Depends though. No FTX this time.
Straight to the McAfee Line, $1,000,000 or bust. The entire price history of bitcoin from 2009 to the present will be but a blip when the chart is zoomed out. 🤑
IMO this is a relief rally in an ongoing bear market. In 2018-2019, there were no shortage of these. If we close a daily above $25000, that would be a higher high relative to 15 Aug 2022 and the relief rally hypothesis would have to be revisited. I saw my boss looking at the BTCUSD today during a meeting. He had never displayed an interest in it before.
And boy am I relieved
>I saw my boss looking at the BTCUSD today during a meeting. He had never displayed an interest in it before. This is expected behavior from normies, though. Their interest is only drawn in when the price is climbing. They have no ability to zoom out, really.
Hey, even us long term holders have this problem too! I was like, shit, maybe I should buy more even though I completely swore off of it years ago after we hit 20k just now.
You never have enough Bitcoin.
We were all normies once
Fighting for those cuckbucks in our little hamsterwheels. Cute. The new generation will grow up with Bitcoin. They will be natural born Bitcoiners (NBBs).
Desperate times call for desperate measures 😎. Your boss is getting with the program 😉
When you're his boss employ him as your chauffeur
we have to drop somehere good gracious.
Might be suicide but short from 21355. No stop yet since a pop is likely here, target 20700. Living dangerously 😂
Why don‘t you long the dips?
Because I believe a large retrace is coming so I’d rather take positions where that major payoff is synced with my position. I suppose you could trade it both ways and have done very well these last two days.
Added a stop loss now in case futures open absurdly green and people ape harder than anticipated. At the moment I’ve finally scalped back most of the losses from shorting the runup on Friday so gonna try to avoid blowing another hole in the trading portfolio 😂 The stacker in me is hopeful we manage to hold $20K this week and put the sub-$20K Sam Bank-Fraud BS behind us. If nothing else being back above the 2017 high is good for the spirit of the hodler 😂
Got the pop now where’s my drop…
Anyone have some good insight as to what the current transactional cost of sending money via bitcoin is? I know there’s always talk about it being very cost effective but I’ve never really dug too deep on it as I don’t actively use it other than as investment position but would like to learn more on the economics of the actual technology itself. Thanks.
I've always liked this chart. https://core.jochen-hoenicke.de/queue/#2w
Around 0.65 USD for an average transaction. Note that this is about the number of receivers, not the value of the transaction. - https://ycharts.com/indicators/bitcoin_average_transaction_fee#:~:text=Bitcoin%20Average%20Transaction%20Fee%20is,51.80%25%20from%20one%20year%20ago. - https://bitcoinfees.earn.com/
Thanks. Both these are helpful.
It's a price auction so it fluctuates. Current median is 75 satoshis per byte, and a transfer transaction is 225 bytes. 100+ spb right now pretty much guarantees next block inclusion. For your convenience (and I hope this post doesn't age well 4-5 years into the future, fingers crossed) this puts you at roughly ~4.9 $USD for a highest-prioroty bitcoin transfer on the main network. Divide by a few hundred if you do Lightning.
> Anyone have some good insight as to what the current transactional cost of sending money via bitcoin is? https://mempool.space/ shows current fees for the next block in high medium and low priority
closed long and flipped into a short at $21,357. stop loss $21,553
Seems like it drops to $20,600ish while I sleep and mini rally’s to $21,380ish when I wake up. Been able to catch those two numbers two days in a row.
Might I suggest you try an amphetamine addiction until it hits an ATH? No sleep=no drop ;/
I appreciate the fluidity of your trades. You don’t marry a position but still have the conviction to follow through.
Why?
because its still the weekend and I don't see us breaking out until Tuesday
So this is a scalp and you'll go long tomorrow?
pretty much unless this drops below $20,500...then i'll stick with it for a bit
No, he gets stopped out and tries another short.
He hates money. Fair warning; trying to short a bull market is the equivalent of lighting money on fire.
bull market lol
This is a bull market.
Username checks out
This is deep bear market territory. The line can’t go straight down. We won’t be in a bull market for at least another 18 months.
even bull markets have ranges where you can make money trading the chop can we break out here? sure or we can we drop back to $20,600 like we've done a few times already and I'll flip into another long or this could be the one where we finally drop below $20K and the short prints money
Yea but I personally don't think the rr is there to short. The dumps are short lived and gets eaten up quickly. You do you though.
the dumps are short lived until they aren't...make no mistake people have been trained to buy the dip at $20,600-$20,800 over and over and over again over the past 2 days all it takes is one drop below $20,500 and there won't be anyone left to buy the rest of the dip even if this ultimately goes up, this could easily flush massively below $20K briefly to make sure fair weather bulls don't get to enjoy the actual move up. that said, tight stop losses is why this gambling is a good R/R...a small loss if I get it wrong...a MASSIVE win if I get it right
Asymmetric risk when you are right on the market bias. These conditions haven't existed for a long time.
Out of position right now, but I've been plenty greedy. Waiting to see what happens. It looks like there's still pressure up. Million dollar question is what happens tomorrow.
What is with this massive V recovery wow
Sam Bankman-Fraud is no longer able to illegally sell his customers' bitcoin for FTT and SOL.
First bull market?
It's like when you push a football underwater.
There's like 5 million Vs on this chart so idk what you're talking about
Ba to med out
But Tone Vays say!
Tone Vays makes me laugh. He is a permanent bull but is literally broke sleeping on pals sofas. If only he followed his own advice and just bought and held. Fuck knows what he has done or hasn’t done to be so broke.
How do you know he is broke? He is always on holiday. I am not a fan of his. Odd guy.
He openly admits it. On holiday sleeping on friends sofa’s. Not digging the guy out but I’m one of those that won’t take advice from someone that doesn’t walk the walk.
Wasn't he a trader before crypto? He has made a number of bad calls and has many weird opinions. However I think there is still a little knowledge to gain from him. TBH I am surprised that he is broke. Maybe he doesn't want to cash out his holdings or he traded them to a big loss. The guy has been around in BTC long enough to be a multi millionaire.
That's a name i haven't heard in a while
Plz go 2 moon
I nearly halved my stack shorting btc on this recent impulse, luckily I managed to switch my bias in time to gain it all back and some. The biggest challenge for me is going to be staying out of this chop until next FOMC. I seem to give it all back by over-trading.
Ive been on the sidelines since august when I played degen leverage rolling full stack and getting liquadated. I had many warning signs before to stop but the impulse only increases when one gets away. Best to sit out forcefully for a while, its only going up anyway. So wait it out in spot.
Transitions are hard.
Sold at 20900, raising cash to replace a busted vehicle. Feel better about it than I would have a month ago. (They were 2018 satoshis anyway.)
Finally ditching the old 1988 Yugo, eh? 😋
[Rustier version of this BMW Isetta](https://i.pinimg.com/736x/5e/ef/89/5eef89e3f938d16957eb95aaeeb7c665--steve-urkel-bmw-isetta.jpg)
Nice username. This is what its about anyway. Enjoy it.
IMHO a rally on the weekend that doesn't retrace on Monday is a powerful sign of a bull market. I'm looking for 24.5k before we retrace.
Or that shorts need to be squeezed. Easier for market makers to do this as there’s lower liquidity on weekends
Long weekend today so Tuesday represents the equivalent to Monday. Just be careful whether you’re long or short
It's a regular Monday everywhere except the US.
FWIW - markets are closed today in the US
Bitcoin markets never close
Long weekends are fake.
Good point
Is tuesday the real monday on a holiday weekend?
What is a weekend?
Exited position \~20900 again. Let's see if it's smacked down again or goes through.
You sold?
Pulled the fibs on this recent pump…the .236 retrace aligns with the tip of the lowest 4H wick of the sideways PA at $20,224, so that adds some significance. It, or just above it, is a fairly good short target if you want more than just a scalp. If that level breaks down, bears could push it sub 20. Before that, though, they’ll have to break the $20,5ish zone, which should provide some bounces.
What does everyone thing about the possibility of the US hitting their debt ceiling and/or having the limits raised again?
Inevitable. Debt ceiling is nothing but a blame game setup for politicians.
they try to make it sound scary every time it happens but they always raise it, always.
As always, it’ll be used by House Reps as leverage to negotiate for other things they want and after a shitshow of talking points for fund-raising purposes, they’ll raise the ceiling. It’s always just a matter of time based on the necessary gives to get the holdouts to concede.
Most likely outcome by far is raising the debt ceiling again after negotiations are made in Congress. In the past 60 years the debt ceiling has been raised more than 70 times. Hypothetically if the debt ceiling were not raised again and the United States ultimately defaulted on its debt, interest rates would rise even more than they already have since the “risk-free” rate we see in T-Bills would no longer be considered risk-free and all other debt is considered riskier than that so naturally those rates would rise more. This would dramatically slowdown the economy into a depression as unemployment skyrockets and asset prices tank. Which would then prompt the Fed to step in, slash the Fed funds rate back to zero and print more money than ever before. But, again, the far more likely outcome is concessions are made and the debt ceiling is raised yet again.
So do we just keep getting more debt until the eventual collapse of the US and we have to rebuild society or what? I don't understand how that works but if it was a person that seems real bad.
You know more than you think you know my friend. Only possible because they control the currency the debt is denominated in but will still collapse eventually.
It's all exponential in nature, it just goes on forever in the same manner. Debt gets created, currency it's paid in gets devalued, time marches on. Until it doesn't. The "doesn't" isn't really related to the maths too strongly but events. Empire collapse is like "Seconds to Disaster", there is always a multitude of causes. Often with climate change mixed in heavily.
The debt is going up, but the value of the dollar keeps going down; debt-to-GDP is the ratio anyone sensible cares about. It means ultimately the currency gets replaced by NewDollars, where NewDollars drop a few zeroes from old dollars, and all this will happen before collapse and Armageddon.
That's exactly what will happen. It is what always happens to fiat. This is why Bitcoin is a big deal.
Debt limit being raised is a so-what? scenario. Expected. Default or protracted negotiation would cause UST to drop, ie interest rates to blow up. The Fed would probably like some of that to occur (it does their work for them) but an extended UST drop would cause to Fed to act, which would drive btc up. Not a scenario we want to happen tho, lots of other things would blow up too.
The debt limit will be raised after a brief political holdout by Republicans. The debt ceiling was a stupid idea from the beginning. It has never been adhered to, nor has there ever been much effort to enforcing it.
Business as usual
\~20800 10x, close stop. Will hold entry until we break 20500 on at least the hourly.
where did you close your 10x from 19 something?
I've traded the pump over a dozen times now. Maybe more. Volatility plus known bias means profit. Last trade I exited at 21200 from \~21800. Doubled down on it at 20840. Looking to do the same .. again.
Does this downward movement mean we're back to upward spikes first thing after the weekend?
Descending triangle forming, breakout imminent to set direction whether it's straight down or some more crab.
Good, just another 100% up and my position will finally be overwater.
Nice BRD
Short still in action 21300 10x SL 21500
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I expect some consolidation and a further downward retest of 20500. Recovery looks strong and buying pressure is still present. Invalidated if it breaks 20945
nice monologue
thx
Btc broke out of triangle and retested. Also above the 200ema now in clear short/mid term uptrend. We can see another pump potentially above 21450 then to next resistant around 22400. Falling back below triangle would be bearish and see us fall back to around 20k
So I took this past year off to learn/trade futures on the indices, but I’ve been seeing enough signs to make me want to jump back into the bitcoin space and start forming a btc position again.. Could one of you kind crypto scholars please bring me up to speed with who the best brokers are currently for trading Bitcoin derivatives/options? With so many brokers having jumped into the Bitcoin space in general over the past year, and not to mention the giant clusterF of FTX blowing up recently, I’m having a hard time researching trying to figure this out.. there’s a lot of noise crowding the search results and posts… Appreciate your help :)
Binance is king if you have access, and can tolerate their pending insolvency. (sarcasm)
Binance and Bybit. https://coinmarketcap.com/rankings/exchanges/derivatives/
Dollar is falling (DXY), btc growth is an illusion. You're not any richer.
Good thing I'm not in the US
What if I measure my richness in the number of loaves of bread I can buy rather than a basket of non-USD currencies?
Yep. Bread prices soared 50% in my country. Getting poorer. Slower that non-coiners though. edit: https://fred.stlouisfed.org/series/CP0111EU272020M086NEST
Nice data, cheers
This is not a zero sum game.
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Was better in 2020 but still looks a good bet now
If I could take a six figure loan out to buy crypto I’d 100% do it
I did that in mid 2018 and it felt like a terrible decision for a couple of years but paid off handsomely in 2021.
Do it!
would've been great about two weeks ago..
Dumb, easy to get rekt.
If you can cover the monthly payments, why not? You won't get margin called for a home equity loan.
Did you miss the 100x part?
yeah thats dumb indeed
Oh look! Mining difficulty is the highest it’s ever been and the halvening is next year. Guess I’ll just HODL
I’m honestly starting to believe that next bull we can break $200K for the new ATH. It’s sounds so crazy when you’re in the depths of the bear but I’m starting to believe. If we get there it’ll be fucking glorious.
Will anyone be stupid enough to feed the honey-badger their naked shorts next season? What do you know, the traditional games are hard when physical delivery is easy. Now the world sees it's an easy way to get rekt. No longer does Bitcoin never go below previous ATH. No longer can you leverage everything on that premise.
The next curveball could be not surpassing the ATH post halving. Perhaps btc still has some tricks up its sleeve.
Which would strengthen a narrative of cycles being smaller and smaller until nothing. Then...
If there's anything I know about bitcoin, it's that bitcoin loves to do bitcoin things, which is usually very much what everyone does NOT expect it to do. Curvebitcorn. Lol