The bitcoin price between here and wherever the fuck it is going to find a bottom is completely fake and irrelevant.
Exchange owner whales can naked short with exchange/miner friend's re-hypothecated coins and non-existent fake coins for as long as they want.
The only thing they have to consider is potentially destroying their own future business (and that of their miner friends) if they push the price too low.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3387. (Read 26714331 times)
June 18, 2022, 09:42:04 AM
June 18, 2022, 09:34:30 AM
OK. It is time for a Saturday long post. All you OGs can skip over this. Because it is stuff you already know. In fact I am not sure there is ANYONE here that NEEDS to read it. Oh wait, I do. Sometimes it is good to go over the basics.
First of all... we have some sacred math we hold to like religious totems... this cAPSLOCK guy, for example has held a belief that Bitcoin has never gone lower than it's previous top in the next cycle, and yet, is that really true?
Top of April 2013 was $266.
Top of December 2013 was $1170.
Bottom of August 2015 was $160.
And I remember at the time, during the downtrend post December 2013 peak, many people could not envision the price going below 266$ because "the price never went below the last cycle high" (and despite this pattern being true at that time - unlike today, the pattern got broken).
We like to say "No one who has held bitcoin for more than 4 years has lost money." That's sort of the same thing, right Is that one true? Does it really matter? The basic gist of the idea has held. Bitcoin is super volatile and goes up and down wildly.
Some status quo economists have declared that bitcoin cannot be used as a currency because of this volatility. And to be honest, I think the jury is still firmly out on that one. To be fair I imagine there are a lot of Salvadorians, who would rather be holding their wealth in the USD version of their currency rather than BTC. And Jack Mallers, perhaps because of his boyish charm, rarely gets called out by even the most hardened maxis for basically using BTC as a USD stablecoin, and perverting the purity that the maxis have been preaching for years.
I think part of the reason for this is he sees what Bitcoin is better than ... well just about anyone. Saylor sees this too, but it makes maxis mad that they cannot fight the idea because it goes against the doctrine we have all preached for so long.
Mallers sees bitcoin as a payment network, but one built entirely on an open, trust minimized, global system that is ruled by the immutable laws of mathematics. And what he has done is hack the original idea to use Bitcoin as a way to move value from anywhere to anywhere. Users of strike don't even have to know it's Bitcoin underneath. And Strike IS introducing trust in this transaction. If I send you $20 from my studio in Dallas TX, to you on vacation in the Swiss alps to buy you a magnum of Belgian beer what happens is Strike takes the money from my account, turns it into Bitcoin, sends it to Switserland, turns it into Francs and deposits it into the your account. Basically this is Venmo, or Cash App, but interestingly the trusted third party in this case is Strike. What is different is the network Strike is using can be used by literally ANYONE on Earth with a cellphone and some data. Users trust Strike in return for the convenience of the service, and not having to think about LND, CL, or BITCOIND. But not only can I send a lightning payment from my node to your strike wallet, but I can do the opposite, AND if I want to take ALL the trust out of the equation you and I can both just use Muun.
Very few people call out Mallers for basically introducing trust and banks into the Bitcoin network. And I think I know why.
Because their arguments are stupid.
Sorry, let me say that a better way. It is often said that Bitcoin is for enemies. It is also often said that Silk Road was an early battle test in production for Bitcoin. Because if criminals can use it then it works, and works without interference. I have often said that the revolution with Bitcoin is not that you HAVE use it in a trust minimized way, but that you CAN. Mallers is using the Bitcoin network in a trust minimized way to offer a business that includes some trust that users might want to use. He gets all the benefits of the open, inclusive monetary network, and passes some of that on to you as a customer.
But no one said you have to use Strike. I don't For a host of reasons. But the point is it is impossible to build an open source ungoverned monetary network, and then tell people "you can't use it that way". See what I mean? It does not ruin Bitcoin that Mallers has figured out a way to sell something useful to people with it. As long as you can make a transaction on the base layer. As long as you can spin up a lightning node, or run a neutrino light wallet on your phone, or even a Liquid server then it is still working as intended.
But Mallers sees a value in the network that has... deep breath here... NOTHING TO DO WITH THE PRICE OF BITCOIN. His service will work 1BTC = 20 houses or 1BTC = stick of gum. As long as we can put enough digits after the decimal point we will be able to denominate the value of anything. Instead of printing more money to supply the need for commerce (the current system of the world) we just divide up this perfectly scarce asset further.
I remember when that light bulb went on for me: One hidden beauty of Bitcoin is that even though we cant change how much of it there is, we CAN keep dividing it up into more and more pieces. Some idiots have even pointed and called that inflation. Yes. Cut my pizza into 35 pieces please, because I want more! So in a way we CAN make "more Bitcoin". to satisfy the needs of a growing population, and more and more use of the asset.
Humans change how they value things. And we are evidently f*%king while we do that because there are just a hair under 8 BILLION of us now. The way the current system works is it keeps making more money so more people can have money and we will all have enough to use it. And an advantage to this system is what I mentioned up above. The planners can control the rate of creation to keep the price of milk fairly stable. Oh, and take their entirely reasonable cut for themselves and their friends.
Well... yeah. Problems there.
And that has been the argument against hard money for longer than bitcoin has been around. Without those valves the price will go up and down wildly. Velocity will decrease because people are incentivized to hold it. And so on... Therefore, Bitcoin cannot be money.
That argument has merit. Bitcoin DOES go up and down wildly. Hello? 19k? But the conclusion that it cannot be used as money because of this? Or that people won't spend it for ... reasons? That has yet to be seen. When the Federal Reserve bank took us off the gold standard we entered an imperfect, but good enough experiment of Keynesian economics. When Satoshi spun up Bitcoin he launched a completely perfect Austrian system. The fact that it exists is enough to see if the experiment will work. Never more than 21mm. But 2,100,000,000,000,000,000 (2.1E＋18) millisatoshis. Enough for every human alive to have more than 250,000,000 mSats.
The cost of the security of that unchanging number is price volatility. Period. No way around it. We are giving up that feature of the Keynesian fiat system with this experiment. This is particularly true in the bootstrapping phase. But it will ALWAYS be somewhat true. Because we will keep making more people, and other things will keep changing.
So, back to Mallers. He saw a way that Bitcoin could work and no one have to worry about that volatility. We have always known that the various advantages of alt coins would eventually be absorbed by King Daddy. And Mallers basically rendered Ripple useless in one fell swoop. And with the introduction of protocols like Taro and OmniBOLT we will see the ability for stablecoins to be issued on and transacted across the lightning network.
We purists are frightened by this. I get it... I am not sure I want to issue token on any part of the Bitcoin network. Though, it has been done before (Omni and Counterparty) and there are reasons we want this, as humans. It IS going to happen whether we like it or not. And it might not work, but it sure looks like it will.
Thing is you will not be FORCED to use it, but there are reasons many would WANT to.
Now back to the price.
What happens as Strike grows, and Cash App starts to do some of the same things by using the legacy system less and less, and doing value movement of lightning network more and more. What happens when other countries start using the lightning network whether or not it is legal tender. Africans can see why this is better than mPesa. Well as more people are using it more people will need it.
And we will need more of it.
But wait, cAPS. We can't HAVE more of it, right? Right. Not in the physical sense. But 10 satoshis weighs exactly the same as1000 satoshis, or 1 mSat. The math does the work for us. We don't need a federal reserve printing more because people NEED more and because we want to keep prices stable. We will just keep cutting the pieces smaller and smaller.
And instead of leeching value out of the pockets of the poor into the pockets of the people behind the charade, Everyone gets more value for what they hold as the system grows.
Eventually all the folks using the 2nd and 3rd layers systems will realize that it is good for them to hold some of the underlying asset themselves.
So here is the point of all those letters up there:
If Bitcoin continues to work, it MUST become more valuable. Period.
Hang in there OGs.
We are gonna be just fine.
First of all... we have some sacred math we hold to like religious totems... this cAPSLOCK guy, for example has held a belief that Bitcoin has never gone lower than it's previous top in the next cycle, and yet, is that really true?
And Bitcoin, while also down is showing fairly strong support and not doing the sort of draw down we have seen in past bears. Many are still calling for Bitcoin to do something it never has and pull back to below the last cycle's highs.
This belief seems widespread, however it is false.Top of April 2013 was $266.
Top of December 2013 was $1170.
Bottom of August 2015 was $160.
And I remember at the time, during the downtrend post December 2013 peak, many people could not envision the price going below 266$ because "the price never went below the last cycle high" (and despite this pattern being true at that time - unlike today, the pattern got broken).
We like to say "No one who has held bitcoin for more than 4 years has lost money." That's sort of the same thing, right Is that one true? Does it really matter? The basic gist of the idea has held. Bitcoin is super volatile and goes up and down wildly.
Some status quo economists have declared that bitcoin cannot be used as a currency because of this volatility. And to be honest, I think the jury is still firmly out on that one. To be fair I imagine there are a lot of Salvadorians, who would rather be holding their wealth in the USD version of their currency rather than BTC. And Jack Mallers, perhaps because of his boyish charm, rarely gets called out by even the most hardened maxis for basically using BTC as a USD stablecoin, and perverting the purity that the maxis have been preaching for years.
I think part of the reason for this is he sees what Bitcoin is better than ... well just about anyone. Saylor sees this too, but it makes maxis mad that they cannot fight the idea because it goes against the doctrine we have all preached for so long.
Mallers sees bitcoin as a payment network, but one built entirely on an open, trust minimized, global system that is ruled by the immutable laws of mathematics. And what he has done is hack the original idea to use Bitcoin as a way to move value from anywhere to anywhere. Users of strike don't even have to know it's Bitcoin underneath. And Strike IS introducing trust in this transaction. If I send you $20 from my studio in Dallas TX, to you on vacation in the Swiss alps to buy you a magnum of Belgian beer what happens is Strike takes the money from my account, turns it into Bitcoin, sends it to Switserland, turns it into Francs and deposits it into the your account. Basically this is Venmo, or Cash App, but interestingly the trusted third party in this case is Strike. What is different is the network Strike is using can be used by literally ANYONE on Earth with a cellphone and some data. Users trust Strike in return for the convenience of the service, and not having to think about LND, CL, or BITCOIND. But not only can I send a lightning payment from my node to your strike wallet, but I can do the opposite, AND if I want to take ALL the trust out of the equation you and I can both just use Muun.
Very few people call out Mallers for basically introducing trust and banks into the Bitcoin network. And I think I know why.
Because their arguments are stupid.
Sorry, let me say that a better way. It is often said that Bitcoin is for enemies. It is also often said that Silk Road was an early battle test in production for Bitcoin. Because if criminals can use it then it works, and works without interference. I have often said that the revolution with Bitcoin is not that you HAVE use it in a trust minimized way, but that you CAN. Mallers is using the Bitcoin network in a trust minimized way to offer a business that includes some trust that users might want to use. He gets all the benefits of the open, inclusive monetary network, and passes some of that on to you as a customer.
But no one said you have to use Strike. I don't For a host of reasons. But the point is it is impossible to build an open source ungoverned monetary network, and then tell people "you can't use it that way". See what I mean? It does not ruin Bitcoin that Mallers has figured out a way to sell something useful to people with it. As long as you can make a transaction on the base layer. As long as you can spin up a lightning node, or run a neutrino light wallet on your phone, or even a Liquid server then it is still working as intended.
But Mallers sees a value in the network that has... deep breath here... NOTHING TO DO WITH THE PRICE OF BITCOIN. His service will work 1BTC = 20 houses or 1BTC = stick of gum. As long as we can put enough digits after the decimal point we will be able to denominate the value of anything. Instead of printing more money to supply the need for commerce (the current system of the world) we just divide up this perfectly scarce asset further.
I remember when that light bulb went on for me: One hidden beauty of Bitcoin is that even though we cant change how much of it there is, we CAN keep dividing it up into more and more pieces. Some idiots have even pointed and called that inflation. Yes. Cut my pizza into 35 pieces please, because I want more! So in a way we CAN make "more Bitcoin". to satisfy the needs of a growing population, and more and more use of the asset.
Humans change how they value things. And we are evidently f*%king while we do that because there are just a hair under 8 BILLION of us now. The way the current system works is it keeps making more money so more people can have money and we will all have enough to use it. And an advantage to this system is what I mentioned up above. The planners can control the rate of creation to keep the price of milk fairly stable. Oh, and take their entirely reasonable cut for themselves and their friends.
Well... yeah. Problems there.
And that has been the argument against hard money for longer than bitcoin has been around. Without those valves the price will go up and down wildly. Velocity will decrease because people are incentivized to hold it. And so on... Therefore, Bitcoin cannot be money.
That argument has merit. Bitcoin DOES go up and down wildly. Hello? 19k? But the conclusion that it cannot be used as money because of this? Or that people won't spend it for ... reasons? That has yet to be seen. When the Federal Reserve bank took us off the gold standard we entered an imperfect, but good enough experiment of Keynesian economics. When Satoshi spun up Bitcoin he launched a completely perfect Austrian system. The fact that it exists is enough to see if the experiment will work. Never more than 21mm. But 2,100,000,000,000,000,000 (2.1E＋18) millisatoshis. Enough for every human alive to have more than 250,000,000 mSats.
The cost of the security of that unchanging number is price volatility. Period. No way around it. We are giving up that feature of the Keynesian fiat system with this experiment. This is particularly true in the bootstrapping phase. But it will ALWAYS be somewhat true. Because we will keep making more people, and other things will keep changing.
So, back to Mallers. He saw a way that Bitcoin could work and no one have to worry about that volatility. We have always known that the various advantages of alt coins would eventually be absorbed by King Daddy. And Mallers basically rendered Ripple useless in one fell swoop. And with the introduction of protocols like Taro and OmniBOLT we will see the ability for stablecoins to be issued on and transacted across the lightning network.
We purists are frightened by this. I get it... I am not sure I want to issue token on any part of the Bitcoin network. Though, it has been done before (Omni and Counterparty) and there are reasons we want this, as humans. It IS going to happen whether we like it or not. And it might not work, but it sure looks like it will.
Thing is you will not be FORCED to use it, but there are reasons many would WANT to.
Now back to the price.
What happens as Strike grows, and Cash App starts to do some of the same things by using the legacy system less and less, and doing value movement of lightning network more and more. What happens when other countries start using the lightning network whether or not it is legal tender. Africans can see why this is better than mPesa. Well as more people are using it more people will need it.
And we will need more of it.
But wait, cAPS. We can't HAVE more of it, right? Right. Not in the physical sense. But 10 satoshis weighs exactly the same as1000 satoshis, or 1 mSat. The math does the work for us. We don't need a federal reserve printing more because people NEED more and because we want to keep prices stable. We will just keep cutting the pieces smaller and smaller.
And instead of leeching value out of the pockets of the poor into the pockets of the people behind the charade, Everyone gets more value for what they hold as the system grows.
Eventually all the folks using the 2nd and 3rd layers systems will realize that it is good for them to hold some of the underlying asset themselves.
So here is the point of all those letters up there:
If Bitcoin continues to work, it MUST become more valuable. Period.
Hang in there OGs.
We are gonna be just fine. June 18, 2022, 09:09:16 AM
Consider selling 20-25% of my Bitcoin. Anyone else? I have this great reset theory and now they introduced the digital USD. Its going into that direction. I start to be worried BTC will end up like Luna, once the panic kicks in? Dumped to 18.6K and nobody is buying WTF.
I am in since 2013 and ever since holded BTC. Never took profits. Never sold. I would go nuts leaving this game without a cent in my pockets after 9 years
All these people writing only an idiot would sell at these levels. I remember people were saying the same at 69K while talking about 300K.
Edit: I have gone through 2 bear markets and the covid dump. But never had I felt that dark powers are involved. Unless now. Thats why my worries.
I am in since 2013 and ever since holded BTC. Never took profits. Never sold. I would go nuts leaving this game without a cent in my pockets after 9 years
All these people writing only an idiot would sell at these levels. I remember people were saying the same at 69K while talking about 300K.
Edit: I have gone through 2 bear markets and the covid dump. But never had I felt that dark powers are involved. Unless now. Thats why my worries.
For sake of argument, assume you are right (unlikely). What would you even store the value in that would not be undermined by the reset you are expecting? I'd argue there are none (perhaps gold getting closest to BTC).
At least with BTC protecting it from appropriation is most feasible out of all the options.
Next time price is at a local peak (at least above all the MAs) be sure to sell some so you won't feel like you feel today next time it happens.
Yes, physical gold bought without registration. Still possible where I currently live, if you buy slowly in smaller amounts like 1-2k a day. I dont care about gold price going up. But you can be sure these evils also have a plan for gold as well. Probably making it illegal to own or sell it by law "to protect" humanity from whatever next. Even German mass media started to write that the Euro will die soon and there is no way out.
This is no coincidence and all planned. Who would have expected a crisis the world have never seen before if you lock down the whole world to "protect" people from a cold. This was the most stupid and insane thing the world has ever seen. And 90% took a part in this and supported it. Now we have the results and it not even started yet. Here in Turkey the gas price goes up by 1 Turkish Lira almost every day. 1 liter of gasoline now costs 31 Turkish Lira while the average income is 4200 Turkish Lira and minimum rent for a effed up apartment 1500-2000 TL. 50 liters of gasoline is almost half of the income.
June 18, 2022, 09:03:27 AM
June 18, 2022, 08:50:31 AM
Also, the casino nature of the "crypto" market, leads to great volitility and the association of Bitcoin as a "tech product" has it firmly in step with the Nasdaq chart at times.
Filed under, “Teach people that Bitcoin is not a stock—Bitcoin is nothing like a stock.” It is a very large file.
Its no secret that bitcoin has been tracking the stock market latelty and becoming more and more intertwined with political and macroeconomic factors,So it may actually be beneficial to treat it as a "stock" as this will allow for better models and price predictions.
On another note: how long do yall think we can hold this 20k support,and is there any major support under it incase we break it ?
Miner support at 15-17k ranges
Question:
At what point would falling BTC price suppress hashrate sufficiently to make it difficult to reach the next difficulty adjustment?
This has been on my mind since I saw your above-quoted post. An economic attack on Bitcoin is also a security attack, and a DoS if the price can be crashed fast enough that the network grinds to a halt. If “TPTB” want to force a switch to POS, this is an interesting feature.
Explaining for newbies, not for phil: In November 2017, hostile miners attempted the Bcash “flippening”. Some Bcashers proclaimed they could make it infeasible for Bitcoin to reach the next adjustment. But Bitcoin’s economics constrained them in the direction opposite of what now concerns me. They could not afford only to mine Bcash. They tried to pump the BCH market—it went wild, spiked and then crashed. That could only work as a pump-and-dump on clueless Bcashers. The hostile miners had to return to Bitcoin, if they wanted to pay their own bills.
(Some POW altcoins have a DAA that adjusts after every block. In my casual observation, it seems a little bit unstable; and in theory, I guess it may be easier to game some ways. Maybe. I am not an expert on this question—far from it! But if there is a sudden, drastic loss of hashrate, the remaining hashrate only needs to find ~1 more block for things to begin to return to normal.)
Some miners have low enough energy costs, they could probably keep going at ridiculously low BTC prices. Flared natural gas, areas with high electricity production and low demand, etc. But I guess not those in New Jersey. How much of a % of global hashrate?
I know much of the theory here. (Including the Poisson process and its exponential distribution of arrival times. About 99% of Bitcoiners get this wrong, including many forum Legendaries.) But I have no experience with mining; and mining is in many ways an experiential thing. Especially the business side of mining. I would appreciate your insights.
Even with free energy you need to acquire the mining rigs to do the work.
Centralizing all that much rigs might become infeasible.
June 18, 2022, 08:49:41 AM
Consider selling 20-25% of my Bitcoin. Anyone else? I have this great reset theory and now they introduced the digital USD. Its going into that direction. I start to be worried BTC will end up like Luna, once the panic kicks in? Dumped to 18.6K and nobody is buying WTF.
I am in since 2013 and ever since holded BTC. Never took profits. Never sold. I would go nuts leaving this game without a cent in my pockets after 9 years
All these people writing only an idiot would sell at these levels. I remember people were saying the same at 69K while talking about 300K.
Edit: I have gone through 2 bear markets and the covid dump. But never had I felt that dark powers are involved. Unless now. Thats why my worries.
I am in since 2013 and ever since holded BTC. Never took profits. Never sold. I would go nuts leaving this game without a cent in my pockets after 9 years
All these people writing only an idiot would sell at these levels. I remember people were saying the same at 69K while talking about 300K.
Edit: I have gone through 2 bear markets and the covid dump. But never had I felt that dark powers are involved. Unless now. Thats why my worries.
For sake of argument, assume you are right (unlikely). What would you even store the value in that would not be undermined by the reset you are expecting? I'd argue there are none (perhaps gold getting closest to BTC).
At least with BTC protecting it from appropriation is most feasible out of all the options.
Next time price is at a local peak (at least above all the MAs) be sure to sell some so you won't feel like you feel today next time it happens.
June 18, 2022, 08:39:29 AM
June 18, 2022, 08:37:27 AM
Also, the casino nature of the "crypto" market, leads to great volitility and the association of Bitcoin as a "tech product" has it firmly in step with the Nasdaq chart at times.
Filed under, “Teach people that Bitcoin is not a stock—Bitcoin is nothing like a stock.” It is a very large file.
Its no secret that bitcoin has been tracking the stock market latelty and becoming more and more intertwined with political and macroeconomic factors,So it may actually be beneficial to treat it as a "stock" as this will allow for better models and price predictions.
On another note: how long do yall think we can hold this 20k support,and is there any major support under it incase we break it ?
Miner support at 15-17k ranges
Question:
At what point would falling BTC price suppress hashrate sufficiently to make it difficult to reach the next difficulty adjustment?
This has been on my mind since I saw your above-quoted post. An economic attack on Bitcoin is also a security attack, and a DoS if the price can be crashed fast enough that the network grinds to a halt. If “TPTB” want to force a switch to POS, this is an interesting feature.
Explaining for newbies, not for phil: In November 2017, hostile miners attempted the Bcash “flippening”. Some Bcashers proclaimed they could make it infeasible for Bitcoin to reach the next adjustment. But Bitcoin’s economics constrained them in the direction opposite of what now concerns me. They could not afford only to mine Bcash. They tried to pump the BCH market—it went wild, spiked and then crashed. That could only work as a pump-and-dump on clueless Bcashers. The hostile miners had to return to Bitcoin, if they wanted to pay their own bills.
(Some POW altcoins have a DAA that adjusts after every block. In my casual observation, it seems a little bit unstable; and in theory, I guess it may be easier to game some ways. Maybe. I am not an expert on this question—far from it! But if there is a sudden, drastic loss of hashrate, the remaining hashrate only needs to find ~1 more block for things to begin to return to normal.)
Some miners have low enough energy costs, they could probably keep going at ridiculously low BTC prices. Flared natural gas, areas with high electricity production and low demand, etc. But I guess not those in New Jersey. How much of a % of global hashrate?
I know much of the theory here. (Including the Poisson process and its exponential distribution of arrival times. About 99% of Bitcoiners get this wrong, including many forum Legendaries.) But I have no experience with mining; and mining is in many ways an experiential thing. Especially the business side of mining. I would appreciate your insights.
June 18, 2022, 08:31:45 AM
Observing green walls very bullish all the way to 0.
June 18, 2022, 08:21:23 AM
If these people were alive today, they would all be labeled "seditious domestic terrorists" or "insurrectionists", charged with felonies, put on trial by the Govt, and given 20 years prison sentences.
https://i.ibb.co/4PVKmgT/Domestic-terrorists-from-yesteryear.jpg
https://i.ibb.co/4PVKmgT/Domestic-terrorists-from-yesteryear.jpg
Even worse, the mass media reading progammed sheeps would go after them.
That's why the cbdc is so dangerous. They can simply freeze your money if you do anything the govt. does not want. In the current "democracy" you are allowed to protest if it fits the globalist agenda. İf you protest something that goes against them, you are a terrorist. BLM protesters burned down whole cities but was absolutely fine.
June 18, 2022, 08:05:01 AM
Consider selling 20-25% of my Bitcoin. Anyone else? I have this great reset theory and now they introduced the digital USD. Its going into that direction. I start to be worried BTC will end up like Luna, once the panic kicks in? Dumped to 18.6K and nobody is buying WTF.
I am in since 2013 and ever since holded BTC. Never took profits. Never sold. I would go nuts leaving this game without a cent in my pockets after 9 years
All these people writing only an idiot would sell at these levels. I remember people were saying the same at 69K while talking about 300K.
Edit: I have gone through 2 bear markets and the covid dump. But never had I felt that dark powers are involved. Unless now. Thats why my worries.
I am in since 2013 and ever since holded BTC. Never took profits. Never sold. I would go nuts leaving this game without a cent in my pockets after 9 years
All these people writing only an idiot would sell at these levels. I remember people were saying the same at 69K while talking about 300K.
Edit: I have gone through 2 bear markets and the covid dump. But never had I felt that dark powers are involved. Unless now. Thats why my worries.
Personally I'd rather my BTC go to fucking zero than to sell it to anyone else who can and probably will profiteer from it later.
But that's just me.
June 18, 2022, 08:04:59 AM
from 20500 to 19000 seems like microstrategy liquidation , anybody here know any news about them , follow the sound crying CEO.
In an interview yesterday he mentioned they are safe until $BTC reaches $3.7k.This may not be the most retarded post in the first 30,947 pages of the Wall Observer; but it assuredly makes the top-ten list.
June 18, 2022, 08:03:27 AM
June 18, 2022, 08:02:40 AM
If these people were alive today, they would all be labeled "seditious domestic terrorists" or "insurrectionists", charged with felonies, put on trial by the Govt, and given 20 years prison sentences.
https://i.ibb.co/4PVKmgT/Domestic-terrorists-from-yesteryear.jpg
https://i.ibb.co/4PVKmgT/Domestic-terrorists-from-yesteryear.jpg
June 18, 2022, 08:00:40 AM
from 20500 to 19000 seems like microstrategy liquidation , anybody here know any news about them , follow the sound crying CEO.
In an interview yesterday he mentioned they are safe until $BTC reaches $3.7k. June 18, 2022, 07:51:45 AM
Public Opinion On Ukraine Shifts As Europeans Back Immediate Peace Over Seeking Russian Defeat
https://www.zerohedge.com/geopolitical/public-opinion-ukraine-shifts-europeans-back-immediate-peace-over-seeking-russian
Wait till winter comes and everyone is freezing to death and unable to avoid food. My only hope is that things change before that happens.
https://www.zerohedge.com/geopolitical/public-opinion-ukraine-shifts-europeans-back-immediate-peace-over-seeking-russian
Wait till winter comes and everyone is freezing to death and unable to avoid food. My only hope is that things change before that happens.
The Russian defeat / regime change scenario was ridiculous from day 1. I don't know know if Johnson or Biden ever believed it or were just telling nonsense to distract from
the poor jobs they are doing at home.
I think regime change will also become a complete boomerang. I suspect Johnson, Biden, Macron, Rutte, Scholz and even Zelensky will be long gone when Putin is still leading the Russians.
The sanctions placed on Russia seem very reminiscent to what happened to Germany after WW1 and that didn't exactly lead to good things at all.
We are being led by complete fools but we are even more foolish to vote for those complete incapable and utter moronic short sighted imbeciles.
The ideologs just can't help themselves and have still been pushing Ukraine to join the EU recently.
What will be left of Ukraine remains to be seen. Eastern regions are gone for sure.
June 18, 2022, 07:50:31 AM
Consider selling 20-25% of my Bitcoin. Anyone else? I have this great reset theory and now they introduced the digital USD. Its going into that direction. I start to be worried BTC will end up like Luna, once the panic kicks in? Dumped to 18.6K and nobody is buying WTF.
I am in since 2013 and ever since holded BTC. Never took profits. Never sold. I would go nuts leaving this game without a cent in my pockets after 9 years
All these people writing only an idiot would sell at these levels. I remember people were saying the same at 69K while talking about 300K.
Edit: I have gone through 2 bear markets and the covid dump. But never had I felt that dark powers are involved. Unless now. Thats why my worries.
I am in since 2013 and ever since holded BTC. Never took profits. Never sold. I would go nuts leaving this game without a cent in my pockets after 9 years
All these people writing only an idiot would sell at these levels. I remember people were saying the same at 69K while talking about 300K.
Edit: I have gone through 2 bear markets and the covid dump. But never had I felt that dark powers are involved. Unless now. Thats why my worries.
Man I know it's hard, I'm in the same boat. I'm all in, probably overinvested (I don't like this term but ok) and this bear is MUCH worse than the previous one. Psychologically in the first place, because of the blowoff top missing, sea of red on the graphs, inflation, war, anxiety, overall market conditions etc etc... but, as El Dude helpfully reminded today: guys, don't mindrust! It's hard I know, but please HODL! We are the last spartans holding the line. Who else can do it if we're done?
I am all in since 2013 and pretty much did not save any money ever since because I (still) think I safed my future thanks to Bitcoin. But if this thing does a Luna, I am done. I dont work and have no other income. I never lived in luxury and dont want to. I still live like I was living pre Bitcoin. I just want my future safe and not work again till the last day of my life. I will probably wait all the way down to 10K and then consider selling some if we go that far.
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The question is do you wanna buy something in the short term or not? If the answer is no, i dont see a reason to sell. Escaping into the dollar will save you from what?
No, I dont want to buy anything. Yes, maybe physical gold, to rescue my money from couple psychopaths that want us own nothing and be happy. I am pretty emotional right now so I wait this to settle. I did not expect it really would drop below 2017/18 ATH. This is a critical level for me. I was thinking that we could see 18K but I was not expecting it. And it does not even bounce. All those 6 digits predictions were wrong so I was sure all those sub 20K predictions will fail either.
I smell the next mindrust.
Funny how people who probably entered couple months or 3-4 years ago call other who are here since 2013 a mindrust. I got called mindrust at 60k as well for wanting to sell. Sometimes I think these 300k predicters and those who scream hodl are just doing so so that they can sell.
June 18, 2022, 07:48:39 AM
holy shit, we're dead
Welcome to the party!
.. Pretzels and Eggnog are on the table in the kitchen. 
no blow and hookers?
Are you kidding? The egg nog is made from mung-bean protein isolate, canola oil and guar gum because we can't afford chicken eggs anymore.
no eggs ?? you should have taken the FED's advice
https://fredblog.stlouisfed.org/2022/06/buying-eggs-with-bitcoins/
June 18, 2022, 07:41:43 AM
holy shit, we're dead
Welcome to the party!
.. Pretzels and Eggnog are on the table in the kitchen. no blow and hookers?
Are you kidding? The egg nog is made from mung-bean protein isolate, canola oil and guar gum because we can't afford chicken eggs anymore.
June 18, 2022, 07:34:17 AM
Ding ding ding ding...
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