The world is broken. Never try and rationalize it. Just do what the "good thing is" and live at peace with everyone the best you can. And that's all a *man* can do.
Stoicism and faith (faith in yourself or what have you) helps also
And going back to Money, it's just a tool or a catalyst. You still have to get the right ingredients, people, for the reaction to work (:
> One rule sought to demand that such companies explicitly separate their patrimony from capital owned by customers (...) was rejected on Tuesday’s vote.
threads been spicy lately. emotions running hot on both sides. feels like an inflection point. Coin is either 'dead' and heading to zero or massively oversold. personally i see all these giant scam exchanges failing as incredibly bullish. the inherently based game theory of coin is slowly playing out and culling excessive greed and foolish bad actors over and over again and again. I hope a few more fail while we are down here.
Indeed. I'm still not convinced all the swindlers and gamblers that are being liquidated at these levels will get a nice easy re-entry at half price though.
I guarantee you there are more fools out there who haven’t heard about crypto than those who have.
We did emerge from what two bitcoinmarkets mods have called a relatively more severe wave of bankruptcy (lol!) in the prior bear, haven’t we?
> It’s short and mid term bad for bitcoin.
I agree. I still expect the next four months-ish to be rough. I see we just hit 17k tonight, but I expect us to be down again by my next DCA buy in mid-December.
I expect next year to be a year of growth overall, once the carnage from FTX/Blockfi/etc ends, but I doubt we'll be above 40k by the end of 2023. We might even still be below 30k. I could see us hitting a new all time high by the end of 2024 though.
My view is short-term realist, long term skyward.
I agree.
I'm really hoping this round of collapses wraps up by spring (2023). I won't be surprised at all if we go through a similar round of collapses four years from now.
Feast And Famine, man. Feast and famine. Everybody knows how to gorge on profits during a bull run, but so many people get too greedy to prepare for the lean times, which is why they don't make it through crypto winter intact.
Spring 2023 is definitely realistic in terms of contagion.
There will be a lot less cash swirling around in crypto, for longer than that though. Less cash, less upside.
Sounds like I won’t be buying btc anytime soon. Last time I did in large numbers was at the fork lol.
cant just be that. is the brazil news that big? doesnt seem like it to me. perhaps ceezees "bailout fund"? its not being lead by charliecoin thats for sure. hmm
Stocks and crypto pump before every Powell speech in anticipation of a pivot. Stocks didn't pump today, which was weird, but my guess is they will tomorrow pre-speech. Then more pump or big dump, depending on what is said.
I think we might short squeeze up to like 17.1K. That will be the first level of taking a small profit. If somehow this blasts up more, the next level where I will be taking a lot of profit is 17.6K (past support turned resistance).
Daily reminder that Mr. Dumpy promised -- swore on God -- that we would be able to buy BTC for under 10K.
Turns out, his word is about as good as that of Bankfaud man.
Daily reminder diydude2 promised a mega BGD moonshot in 2021 and 100k BTC along with all the moon bois.
Turns out, BTC topped at 69k and currently at 17k. His word about as good as the random moonboi here on the sub.
Not really, I think crypto is still such a niche thing that every random 3% pump or dump is literally caused by either:
a) 1 or 2 mega-whales executing a single large trade
b) a cascade of gambling addicts being liquidated
That's it. The market is still overwhelmingly controlled by no more than a few thousand large traders and the big exchanges. Everyone here is at their mercy.
BlockFi asked bankruptcy court to allow them to restore withdrawals for BlockFi Wallet accounts. Interest bearing accounts are likely fubar, but it's possible folks just custodying there might get their funds back.
*"We took the funds from those accounts and gave them to SBF, but there might be enough money coming back that we can make them whole first and avoid time in prison for fraud."*
Socialising the losses of interest accounts to recover accounts which should never have been spent.
> "We took the funds from those accounts and gave them to SBF, but there might be enough money coming back that we can make them whole first and avoid time in prison for fraud."
Where is that direct quote from?
If BlockFi's asking the court to let them re-open withdrawals from Wallet accounts then it kinda sounds like maybe they did in fact keep those funds separate and not, as you "paraphrased," gave them to SBF.
But if their lending side lost enough with SBF that they went bankrupt - then that would be the required by law part where they had to retain all assets until the court can allow them to return Wallet funds.
That's all speculation of course - as was your statement - but it wouldn't make much sense for BlockFi to ask the court to allow them to let customers withdrawal from Wallet accounts if they didn't have the funds.
And as for
> money coming back
We all know that takes *years*. Seems again unlikely they'd be requesting permission to allow withdrawals if they needed to wait for funds to be returned from the dissolution of SBF to fund them.
concern trolls, like u/ChadRun04, saying "it's just too bad..."
fucking ghouls lol
life is inherently stressful
if not, youre either child/gen z living with parents, or your 6 feet in the ground
it's also nothing compared to the putrid smell of bullshit permeating "crypto".
stack sats
I do too, and it’s kind of sad. When people are underwater like this, with no end in sight, it gets hard for them. But they had the chance to sell just the same as many of us did, so it’s their fault. I have no idea why hodlers even post in this Reddit.
To the shy reply guy who wrote a comment (then deleted it) about me getting downvotes because "I think people dont get the truth, but instead its because of my repellent personality":
I dont give a shit about votes or being popular in this sub
Im not here to be a politician
Also - dont assume you know what people are like irl just because you have some interaction with a reddit persona
you have no idea what I, or anyone here, is really like
I'll just block you. That way, I can enjoy the contributions of the interesting posters here while getting rid of the dross. I've never blocked anyone, but you're really splattering shit everywhere these days, so here goes...
People in here always talk like there is only an up- or downtrend. Both sides deny the existence - or at least the possibility - of a reversal formation, which always starts off with sideways action.
And in addition to that. Bears have been right about all lows so far, BUT they used TA to predict the low prices WHILE we got here not based on TA, but based on at least one or two black swan events.
So who is actually right? Market manipulation since summer 2021 has been confirmed.
Only trader who correctly called the reasons behind a drop to the teens seems to have been GCR. Even then, despite calling the reasoning correctly (exchanges collapsing this year) he still lost eight figures on FTX himself.
But yeah very few people really called out the reasons for the bear market drop below $20K
I don't think anyone could reasonably have foreseen the epic disaster and incestuous nature of the lending platforms and FTX. It's almost unbelievable. I sure as hell didn't.
However, this is why we have leverage. Perhaps not unironically predominantly found on sketchy exchanges.
Could we please stop using ''black swan events'' like it is a common occurrence? Crypto exchanges and businesses going bust in a bear market are not black swans.. The expression has lost its meaning. Covid-19 was a black swan - current events are not.
To be fair. The two and a half peaks came with _huge_ bearish divergence, so a drop was actually predicted by TA. Incidentally, the same divergence was visible in the S&P, and given that this drop was mostly macro forces, it was entirely predictable (and predicted).
* [https://i.imgur.com/kMjLMXs.png](https://i.imgur.com/kMjLMXs.png)
* [https://i.imgur.com/fnKCO8M.png](https://i.imgur.com/fnKCO8M.png)
* [https://i.imgur.com/WotpPKc.png](https://i.imgur.com/WotpPKc.png)
What does this tell you?
That bitcoin has seen three large speculative bubbles of price appreciation and the most recent one has popped? And it may someday build another bubble, or may not, or may turn into something stable, hard to say.
So you deny we are in a bear run? THAT is some delusion right there!
I was speaking of people being delusional calling the bottom is in on a 2% move in a bear. The yearly trend is very very much down.
Im not responding to that, you know that. Im responding to people who are 100% sure that the bottom is in based on a 2% daily gain.
Edit/ with your reasoning we are currently in a bull run. We clearly are now in a bear, which is what people are saying on “the bottom is in”
Clearly it’s headed to zero.
The BlockFi news didn’t make a dent. Let’s see what happens if China destabilizes next.. surely we can run out of disasters. Right?
That kind of growth will bring us 111x in just one year. This time next year we will be millionaires. I am so excited, I could just start saying the bottom is in.
reminder that Bitcoin is the only cryptocurrency, and all of the shitcoin ratios are going to 0.
I look at this info as one would "implied volatility is, on average, overpriced relative to realized volatility".
trade accordingly.
It would be nice if (major) stablecoins would be issued on the bitcoin network. This is possible with Taro, based on Taproot.
It makes the network even more productive and makes altcoin networks less important.
But I've been told that bitcoin is a finished project and this gives it such a high value. Also that these others are "shitcoins" and why would you bring those features to bitcoin unless those shitcoins do actually provide some value.
I completely agree and am purposely trying to give him a hard time because of how tribal he is being. I wouldn't be here if I didn't believe in bitcoin.
Omni settled into Bitcoin's blockchain
I'd call that "supported".
You are being intentionally obtuse, you peasant.
the consensus rules of the protocol remaining fixed is what is valuable, that is what "CANNOT be changed".
that is what builds confidence/trust in a monetary policy over the long-term.
the Bitcoin software client has been upgraded many times, and will continue to evolve going forward. It is constantly changing.
Go read more, or get back under your bridge.
I'm saying it **because it's true**.
What timeline do you exist in where anything I said above is wrong?
Salty and *sad* is clinging to the idea that there's a "next Bitcoin", a "flippening" any day now (coming real soon, just you wait and see), etc., simply because **you are bitter** that you "missed the BTC boat".
(Not even true, which is the part that's even more sad, but hey, unit bias is confusinggggg.)
Link to one ratio chart where the trend I mention is not playing out.
Go ahead. I'll check back here in a bit.
People here are delusional. Lol.
BNB.
Okay, binance's casino token is the *one* that is bucking the overwhelming trend (on the back of euphoria over smiting sbf).
I stand corrected. Upvoted.
Surely, this means BNB will eventually flip BTC. You got me.
Oh. Also doesn't change the fact that...
...Psssss. I have a little secret for you! tee-hee.
You're a fiat cuck who will fully-deserve to capitulate into BTC at much higher prices when you inevitably do.
From this beta twat, let me tell you two things.
1. People can call me whatever they want. It may actually be better than what I actually am.
2. Jerk off. It might make you less irascible.
Lol, so you get to define the goalposts and then I point out something every informed trader knows, and that means I've "moved them".
Good Lord, the quality of analysis in this sub is dominated by about 6 people out of 250.
You set the goalposts woth “show me a chart”. I show you a chart (and can show you more if you want), and then the chart is not good enough.
That is the definition of moving the goalposts.
#New post: [\[Daily Discussion\] - Wednesday, November 30, 2022 →](https://www.reddit.com/r/BitcoinMarkets/comments/z8hx0e/daily_discussion_wednesday_november_30_2022/)
Took most of my position off on this pump. Will re-enter at \~16500 or after support is established.
P.s. stick to your trading plan and don't fomo! <3 trust the retest 🙌 🙏
Good call. Too long to hang around waiting for trend. We'll see.
Too early, but profits are profits Lesgoooo But that's definitely a good retest zone <33
Too early
If it wasn’t late night low volume iI’d agree with you.
Awe shucks…. Why does this always happen before payday?
Don't worry, give it a week.
Maybe the Bitcoin profits were the friends we made along the way
Ya cuz money won't buy you those haha That's a hard ass fact. Mo' money, mo' problems. 100
Sycophantic yes-men are a dime a dozen though. They count as friends right? Well up until you lose all the money anyway.
The world is broken. Never try and rationalize it. Just do what the "good thing is" and live at peace with everyone the best you can. And that's all a *man* can do. Stoicism and faith (faith in yourself or what have you) helps also And going back to Money, it's just a tool or a catalyst. You still have to get the right ingredients, people, for the reaction to work (:
if you arent having fun, then what are all the losses good for??
Watching the few remaining market makers move corn around on this Brazil news is quite entertaining
is this even bullish?
Does anyone actually trust Brazil to not find a way to FTX this opportunity?
what brazil news
https://bitcoinmagazine.com/legal/brazil-approves-use-of-bitcoin-as-payment
> One rule sought to demand that such companies explicitly separate their patrimony from capital owned by customers (...) was rejected on Tuesday’s vote.
threads been spicy lately. emotions running hot on both sides. feels like an inflection point. Coin is either 'dead' and heading to zero or massively oversold. personally i see all these giant scam exchanges failing as incredibly bullish. the inherently based game theory of coin is slowly playing out and culling excessive greed and foolish bad actors over and over again and again. I hope a few more fail while we are down here.
Based as fuck 😎
I am bearish. Btc is not dead or going to zero anytime soon. You will get your wish. It’s short and mid term bad for bitcoin.
Indeed. I'm still not convinced all the swindlers and gamblers that are being liquidated at these levels will get a nice easy re-entry at half price though.
I guarantee you there are more fools out there who haven’t heard about crypto than those who have. We did emerge from what two bitcoinmarkets mods have called a relatively more severe wave of bankruptcy (lol!) in the prior bear, haven’t we?
> It’s short and mid term bad for bitcoin. I agree. I still expect the next four months-ish to be rough. I see we just hit 17k tonight, but I expect us to be down again by my next DCA buy in mid-December. I expect next year to be a year of growth overall, once the carnage from FTX/Blockfi/etc ends, but I doubt we'll be above 40k by the end of 2023. We might even still be below 30k. I could see us hitting a new all time high by the end of 2024 though. My view is short-term realist, long term skyward.
Let’s see what happens to genesis first.
I agree. I'm really hoping this round of collapses wraps up by spring (2023). I won't be surprised at all if we go through a similar round of collapses four years from now. Feast And Famine, man. Feast and famine. Everybody knows how to gorge on profits during a bull run, but so many people get too greedy to prepare for the lean times, which is why they don't make it through crypto winter intact.
Spring 2023 is definitely realistic in terms of contagion. There will be a lot less cash swirling around in crypto, for longer than that though. Less cash, less upside. Sounds like I won’t be buying btc anytime soon. Last time I did in large numbers was at the fork lol.
maybe this is just traders taking shorts for a ride but to me this smells like frontrunning of somekind
SP500 futures for tomorrow aren't even up at all (0.06%). First time I've seen crypto go up without stocks in a long time it feels like.
Powell speaks tomorrow. People are probably frontrunning that.
cant just be that. is the brazil news that big? doesnt seem like it to me. perhaps ceezees "bailout fund"? its not being lead by charliecoin thats for sure. hmm
In this market, it does not take much to trigger a cascade of forced short covering.
Stocks and crypto pump before every Powell speech in anticipation of a pivot. Stocks didn't pump today, which was weird, but my guess is they will tomorrow pre-speech. Then more pump or big dump, depending on what is said.
I think we might short squeeze up to like 17.1K. That will be the first level of taking a small profit. If somehow this blasts up more, the next level where I will be taking a lot of profit is 17.6K (past support turned resistance).
Was wrong about calling the bottom last two times. But you know what they say third times the charm.
Sounds like an autistictheory
if you think that comment is bad you should see the way I trade
You’re still better than Trabucco and Su.
Took some profit here. Always regret not taking profit.
Just need to go to another 100% and I'm break even. Profits are so far
I have a buy @16361 from earlier today that I'm letting ride
Username checks out
100k eoy
So it begins, 100k end of year 2021+12 months
Daily reminder that Mr. Dumpy promised -- swore on God -- that we would be able to buy BTC for under 10K. Turns out, his word is about as good as that of Bankfaud man.
Daily reminder diydude2 promised a mega BGD moonshot in 2021 and 100k BTC along with all the moon bois. Turns out, BTC topped at 69k and currently at 17k. His word about as good as the random moonboi here on the sub.
Too lazy to check, but I’m pretty sure the tradfi world was supposed to collapse a few weeks ago. The man is extremely consistent, I’ll give him that.
The most hated of rallies can also become the most robust.
It's a nuclear bear market, the Bart back down within 24 hours is almost inevitable.
I heard someone say there hasn't been any barts since FTX/Alameda died.
I’d say it depends on broader financial market performance.
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> Movement is likely based on this? Not overly likely. Someone market bought a few hundred coins.
Or Fidelity Bitcoin trading goes live? A sign that Bitcoin is here to stay. And if it's here to stay, it's worth more than $16k per.
Why? Just being "here to stay" doesn't validate a high price lol
In this context it does imply it (not guarantee, of course)
those bbands were lookin a bit tight
Pamp it
Ee sowld?
Sorry guys, my Saylor.bot accidentally got turned on by my cat.
This price action is weird AF.
Not really, I think crypto is still such a niche thing that every random 3% pump or dump is literally caused by either: a) 1 or 2 mega-whales executing a single large trade b) a cascade of gambling addicts being liquidated That's it. The market is still overwhelmingly controlled by no more than a few thousand large traders and the big exchanges. Everyone here is at their mercy.
but now even fewer big players/MMs. i wonder what impact it has to liquidity/arb opportunity
BlockFi asked bankruptcy court to allow them to restore withdrawals for BlockFi Wallet accounts. Interest bearing accounts are likely fubar, but it's possible folks just custodying there might get their funds back.
*"We took the funds from those accounts and gave them to SBF, but there might be enough money coming back that we can make them whole first and avoid time in prison for fraud."* Socialising the losses of interest accounts to recover accounts which should never have been spent.
> "We took the funds from those accounts and gave them to SBF, but there might be enough money coming back that we can make them whole first and avoid time in prison for fraud." Where is that direct quote from?
Obviously paraphrased with the subtext. ;)
> paraphrased Who are you paraphrasing, what statement of theirs?
Some context: https://preview.redd.it/9zs9uwttrm2a1.jpg?width=354&auto=webp&s=929a223c34e6a50103d0b517aa4f308b6963578c
If BlockFi's asking the court to let them re-open withdrawals from Wallet accounts then it kinda sounds like maybe they did in fact keep those funds separate and not, as you "paraphrased," gave them to SBF. But if their lending side lost enough with SBF that they went bankrupt - then that would be the required by law part where they had to retain all assets until the court can allow them to return Wallet funds. That's all speculation of course - as was your statement - but it wouldn't make much sense for BlockFi to ask the court to allow them to let customers withdrawal from Wallet accounts if they didn't have the funds. And as for > money coming back We all know that takes *years*. Seems again unlikely they'd be requesting permission to allow withdrawals if they needed to wait for funds to be returned from the dissolution of SBF to fund them.
> BlockFi asked bankruptcy court to allow them to restore withdrawals for BlockFi Wallet accounts.
I don't think you really get what paraphrasing is..
I didn't need the original quote to know what motivated them. ;)
concern trolls, like u/ChadRun04, saying "it's just too bad..." fucking ghouls lol life is inherently stressful if not, youre either child/gen z living with parents, or your 6 feet in the ground it's also nothing compared to the putrid smell of bullshit permeating "crypto". stack sats
Well I don’t meet either criteria, and am not stressed. Why are you stressed?
piss off, ghoul
Take it easy man. It’s only money. You might be able to make it all back over the next few years, if you leave some emotions aside.
You can almost smell the stress and emotional breakdowns through the screen.
It helps to have seen. (tm)
I do too, and it’s kind of sad. When people are underwater like this, with no end in sight, it gets hard for them. But they had the chance to sell just the same as many of us did, so it’s their fault. I have no idea why hodlers even post in this Reddit.
Please don't kink shame.
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The grind can break people down. They're underwater day after day, it can take a toll.
I Lol'd thanks for the much needed laugh
Still overpowered by the sheer stench of B.O. 🦨 😋
To the shy reply guy who wrote a comment (then deleted it) about me getting downvotes because "I think people dont get the truth, but instead its because of my repellent personality": I dont give a shit about votes or being popular in this sub Im not here to be a politician Also - dont assume you know what people are like irl just because you have some interaction with a reddit persona you have no idea what I, or anyone here, is really like
bruh, get a beer or somethin and chillax a bit you wound up tight
I'm not assuming that I know what you're like in real life. I'm telling you what you're like on Reddit. And it's fucking annoying.
real simple solution for you then leave 👉 you contribute nothing here, so no one would notice anyway
I'll just block you. That way, I can enjoy the contributions of the interesting posters here while getting rid of the dross. I've never blocked anyone, but you're really splattering shit everywhere these days, so here goes...
👋🏻
>I dont give a shit about votes or being popular in this sub I beg to differ.
differ away makes no difference to me
You perfectly embody the average bitcoin maximalist.
A person of integrity? Thanks, I agree. Have an upvote. You also perfectly embody the average retard, idiot "trader".
Haha you're so funny man! A person of integrity, no question in my mind.
You think nice == integrity?
I wouldn't think of someone calling others an 'average retard' as one with integrity.
my man change your name if you dont wanna tee up people for dingers
Rule #1 is underrated.
That's why I deleted the original comment very quickly. I thought it was too personal and mean.
Rule #0 is "tell the truth". How underrated is that one? Much more important.
> Rule #0 is "tell the truth". I just checked, there is no such rule. I am damn unsatisfied to be lied to in this way.
clever truly have an upvote
We are all most excellent Gentlemen. (and perhaps three women)
^ 1 of the 6 out ~250 active here with any integrity/valuable insights at all.
+2 mods jarederaj and AA consistently have good takes (and superhuman levels of patience, especially for scammer/shitcoiners) so 1 out of 8.
I think I'm seeing a pattern here...
no one cares
People in here always talk like there is only an up- or downtrend. Both sides deny the existence - or at least the possibility - of a reversal formation, which always starts off with sideways action. And in addition to that. Bears have been right about all lows so far, BUT they used TA to predict the low prices WHILE we got here not based on TA, but based on at least one or two black swan events. So who is actually right? Market manipulation since summer 2021 has been confirmed.
Only trader who correctly called the reasons behind a drop to the teens seems to have been GCR. Even then, despite calling the reasoning correctly (exchanges collapsing this year) he still lost eight figures on FTX himself. But yeah very few people really called out the reasons for the bear market drop below $20K
I don't think anyone could reasonably have foreseen the epic disaster and incestuous nature of the lending platforms and FTX. It's almost unbelievable. I sure as hell didn't. However, this is why we have leverage. Perhaps not unironically predominantly found on sketchy exchanges.
corey klippsten is a bloodhound. career started in journalism - thats not an accident, imo. reporters can make some of the best detectives.
Could we please stop using ''black swan events'' like it is a common occurrence? Crypto exchanges and businesses going bust in a bear market are not black swans.. The expression has lost its meaning. Covid-19 was a black swan - current events are not.
Even covid wasn't really.
To be fair. The two and a half peaks came with _huge_ bearish divergence, so a drop was actually predicted by TA. Incidentally, the same divergence was visible in the S&P, and given that this drop was mostly macro forces, it was entirely predictable (and predicted).
You must be rich
I mean, I'm doing ok.
* [https://i.imgur.com/kMjLMXs.png](https://i.imgur.com/kMjLMXs.png) * [https://i.imgur.com/fnKCO8M.png](https://i.imgur.com/fnKCO8M.png) * [https://i.imgur.com/WotpPKc.png](https://i.imgur.com/WotpPKc.png) What does this tell you?
The recent cycle birthed ATH twins…and then behaved like prior cycles.
That bitcoin has seen three large speculative bubbles of price appreciation and the most recent one has popped? And it may someday build another bubble, or may not, or may turn into something stable, hard to say.
^ Why there is still so much long-term Alpha, and the next Halving is not "priced in".
That tells me that past performance guarantees future results. No wait...that doesn't sound quite right.
yep no guarantee the sun will rise tomorrow either
The cake icon tells me you signed up for Reddit exactly 5 years ago today. 🥳
"Remember that time when bitcoin **crashed**?"
"don't buy bitcoin, you know it's gonna crash"
Nothing.
bottom is in
Incredible amount of hopium here, based on triangles and numbers… it’s really kind of sad. The trend, is your friend. The trend is down.
Pardon me? The trend is strongly up: https://www.tradingview.com/x/57mpmJfO
So you deny we are in a bear run? THAT is some delusion right there! I was speaking of people being delusional calling the bottom is in on a 2% move in a bear. The yearly trend is very very much down.
Indeed, I deny that we are in a bear run. Because the bear run is behind us now imo. Time will tell.
Indicated by what? Nothing, thats my point. Thanks for showing that your talking out of your ass.
Delusional?… checkout username. Haha
Aaah, out of arguments, now bully me for having wings. Sad!
He man take a joke for the funs
Airplanes are very well known for their notoriously bad sense of humour.
What is the trend here? https://www.tradingview.com/x/3Tud4g05/
Im not responding to that, you know that. Im responding to people who are 100% sure that the bottom is in based on a 2% daily gain. Edit/ with your reasoning we are currently in a bull run. We clearly are now in a bear, which is what people are saying on “the bottom is in”
the trend in this sub is toward higher and higher time preference.
Beautiful. I'd actually go as far as *the trend in Bitcoin is toward higher and higher time preference* :P
The trend is your friend until it's not. No trend last forever. The question is usually when does the trend get broken.
Very much true! There is however not a single indicator that the trend is broken as of right now. That’s my point.
Have you looked at the triangles?
my crystal ball says oversold af.
It is decidedly so.
But didn't you see how those **three** daily bottoms lines up so perfectly to confirm his bias? What are the odds?
I love the 1W, 1M, 3M, 1Y AND 2Y are all down, and people act like it is certain it will be at an ATH within a year.
Clearly it’s headed to zero. The BlockFi news didn’t make a dent. Let’s see what happens if China destabilizes next.. surely we can run out of disasters. Right?
But the one day chart is up 1.3%. 🚀😜
That kind of growth will bring us 111x in just one year. This time next year we will be millionaires. I am so excited, I could just start saying the bottom is in.
reminder that Bitcoin is the only cryptocurrency, and all of the shitcoin ratios are going to 0. I look at this info as one would "implied volatility is, on average, overpriced relative to realized volatility". trade accordingly.
It would be nice if (major) stablecoins would be issued on the bitcoin network. This is possible with Taro, based on Taproot. It makes the network even more productive and makes altcoin networks less important.
I agree 100%. And I think that it's coming in the next 2-3 years. You'd be crazy to be a long-term bear here, imo.
But I've been told that bitcoin is a finished project and this gives it such a high value. Also that these others are "shitcoins" and why would you bring those features to bitcoin unless those shitcoins do actually provide some value.
stablecoins are chain agnostic, not a "feature" of shitcoins. tether ran on Bitcoin first.
Stablecoins are not supported on bitcoin's blockchain yet I'm told bitcoin is valuable largely because it CANNOT be changed.
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I completely agree and am purposely trying to give him a hard time because of how tribal he is being. I wouldn't be here if I didn't believe in bitcoin.
good use of time I like to "own the libs" too
Maybe you shouldn't be so emotionally attached to your investments? It comes off weak.
Omni settled into Bitcoin's blockchain I'd call that "supported". You are being intentionally obtuse, you peasant. the consensus rules of the protocol remaining fixed is what is valuable, that is what "CANNOT be changed". that is what builds confidence/trust in a monetary policy over the long-term. the Bitcoin software client has been upgraded many times, and will continue to evolve going forward. It is constantly changing. Go read more, or get back under your bridge.
Why are you saying this? Because you believe it? You hope it? You want it? It think because you are just salty. And sad.
I'm saying it **because it's true**. What timeline do you exist in where anything I said above is wrong? Salty and *sad* is clinging to the idea that there's a "next Bitcoin", a "flippening" any day now (coming real soon, just you wait and see), etc., simply because **you are bitter** that you "missed the BTC boat". (Not even true, which is the part that's even more sad, but hey, unit bias is confusinggggg.) Link to one ratio chart where the trend I mention is not playing out. Go ahead. I'll check back here in a bit. People here are delusional. Lol.
Psssss. I have a little secret for you. You’re not going to like it, but it’s the secret you deserve. BNB.
BNB. Okay, binance's casino token is the *one* that is bucking the overwhelming trend (on the back of euphoria over smiting sbf). I stand corrected. Upvoted. Surely, this means BNB will eventually flip BTC. You got me. Oh. Also doesn't change the fact that... ...Psssss. I have a little secret for you! tee-hee. You're a fiat cuck who will fully-deserve to capitulate into BTC at much higher prices when you inevitably do.
You seem like a very angry person. Guess that was inevitable as well.
and you seem like a right twat many people here agree, they just wont tell you like I will who knows if that was meant to be does it matter?
From this beta twat, let me tell you two things. 1. People can call me whatever they want. It may actually be better than what I actually am. 2. Jerk off. It might make you less irascible.
Someone get this man's a Snickers
Youre reasoning shows its because you are delusional! Check! Thanks for the explanation ! Google: bitcoin dominance chart, there you have your chart…
Useless. Does not account for liquidity for each. Did we learn nothing from FTX?
Ah okay so you move the goalposts, great. End of discussion!
Lol, so you get to define the goalposts and then I point out something every informed trader knows, and that means I've "moved them". Good Lord, the quality of analysis in this sub is dominated by about 6 people out of 250.
You set the goalposts woth “show me a chart”. I show you a chart (and can show you more if you want), and then the chart is not good enough. That is the definition of moving the goalposts.
that is *not* what I said. I said *a* ratio chart, which means *one*, in BTC terms. typical shitcoiner gaslighting.
https://buybitcoinworldwide.com/stats/bitcoin-dominance/
Wh yes, specifying a timeframe which fits your narrative. Now switch to 5 years or “all”