Believe it or not, this kind of "more solid dump" is good for the price in the long (in this cycle) term. As much fun as a continuous ATH is, the reality is that price overheating "too much too fast" usually ends bad.
This is -perfectly- FINE.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1019. (Read 26710999 times)
March 15, 2024, 10:07:17 AM
March 15, 2024, 10:06:16 AM
We hit current price (~$68k) back on March 4th. Since then, in those 10 days while price didn't change ETFs scooped up BTC66k while only BTC9k were mined, meaning BTC57k were cashed out and sodled to ETFs, which i'm sure they're thankful for. As long as ETFs are taking in more than ~BTC400/day there's only one way this can go.
March 15, 2024, 10:01:19 AM
March 15, 2024, 09:55:30 AM
It currently costs 8 BTC to buy a property in Portugal to get a golden retirement visa.
This is a big change from last year at about 25 BTC for a large part of the year.
Once it costs around 0.5 BTC I'm off and going to enjoy better year round weather.
#LifeGoals
Edit: terrible maths...
This is a big change from last year at about 25 BTC for a large part of the year.
Once it costs around 0.5 BTC I'm off and going to enjoy better year round weather.
#LifeGoals
Edit: terrible maths...
March 15, 2024, 09:52:31 AM
corn is on sale today get yours.
March 15, 2024, 09:03:25 AM
March 15, 2024, 08:39:53 AM
Come on Saylor, buy another couple of billions worth.
He'll be on it soon, another $525 million raised. Looks like he will end up owning 1% of the total supply ever.... what a fucking gigachad
https://twitter.com/saylor/status/1768608774900633983
March 15, 2024, 08:23:02 AM
Pre-halving crash to sub $60k ore even $50k initiated.
Love those calls from you
Been off the whole rally
Hoping for another misser
Meanwhile been hitting the CrossFit daily and hard
March 15, 2024, 08:15:02 AM
Making my own shit coin. Craig Wrong With Hat.
The ticker will be SHITE.
It's gonna go to the moon ya'll.
The ticker will be SHITE.
It's gonna go to the moon ya'll.
shaddup and take my money already!!!!!!!!
March 15, 2024, 08:05:49 AM
Making my own shit coin. Craig Wrong With Hat.
The ticker will be SHITE.
It's gonna go to the moon ya'll.
The ticker will be SHITE.
It's gonna go to the moon ya'll.
March 15, 2024, 08:01:19 AM
March 15, 2024, 07:37:46 AM
What the hell is going on with these dumps? An effort by certain forces to keep the price low or just normal selling? Seems kind of orchestrated to me, 2 decent recoveries then smackdowns, I haven't seen that kind of price action for a while. I guess it could just be all the degen future traders. Anyway clearing out the weak hands around the former ATH is probably a good thing.
Pretty sure this is "usual" selling, the momentum has slowed down since $60K/March, around $800m long liquidations in past two days, and now wicked off 20 DMA around $66K, which is basically the first level of real support (and hasn't been testing since late Feb when price bounced off it). Price still looks bullish above $60K, even if there could be concern over a fake-out high at that level, it's too early to tell.
I think sometimes we forget that even in late 2020, after reaching close to ATH, there was still a couple of weeks of consolidation and wicks to the downside (upto -16%, similar to last week), especially when in considerably overbought territory like we were back then and are still in now. Would of been better to see the correction prior to new ATH rather than after, but you get what you're given.
Otherwise seems very reasonable and appropriate for ATH leverage traders to get rekt
Ever notice how with every dip the MSM tries to attribute it to some news?
So what's this dip? The news that Craig Wrong is not Satoshi?
So what's this dip? The news that Craig Wrong is not Satoshi?
Would have thought this would be good news to be honest!
March 15, 2024, 07:32:34 AM
Come on Saylor, buy another couple of billions worth.
March 15, 2024, 07:26:36 AM
March 15, 2024, 07:03:25 AM
March 15, 2024, 06:13:44 AM
Nothing terrible happened, a completely normal correction that will only slightly delay a new ATH. If someone is looking for reasons, these seem logical :
Quote from: https://www.coindesk.com/markets/2024/03/15/bitcoin-tumbles-to-67k-as-asia-begins-trading-day/
Data from CoinGlass shows that over $100 million in long positions have been wiped out over the last 12 hours, while $167 million in longs have been liquidated over the last 24 hours. Other assets like gold and Wall Street's tech-heavy index Nasdaq have also come under pressure this week.
March 15, 2024, 06:01:16 AM
March 15, 2024, 05:42:17 AM
Pre-halving crash to sub $60k ore even $50k initiated.
March 15, 2024, 05:24:45 AM
Oh well, it was fun whilst it lasted boys....
I'm phoning Peter Schiff from the esteemed Schiff Gold immediately and asking him which old man boomer rubbish bin I should waste my money on.
I'm phoning Peter Schiff from the esteemed Schiff Gold immediately and asking him which old man boomer rubbish bin I should waste my money on.
March 15, 2024, 05:17:54 AM
Yes Yes this is the Bitcoin I know and love. Bring it on 
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