Bitcoin
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- drgs0
- Why do you keep posting these charts when it barely ever turns out that way :)NBQ00
- For the one time he’s right!shapesalad
- ...and then down to.......formed
- ...and then up to......inteliboy
- Kitty cat, I'm always where the money's atdrgs
- ....and down until it comes close to zero....long way to fall from hereformed
- I think that it will play out like this. Last week markets closed green except BTC. I'm thinking it's waiting for a double dip to bounce up,Beeswax
- Resting at support line for almost 3 weeks now, and the longer it holds, the more bullish the outcome
https://i.imgur.com/…drgs
- drgs0
- Add a nice vertical line to nothing soonformed
- better invest is carbon capture tech companies... if they dont rise we all fall.. and little karmic redemption for the cryptobros tooneverscared
- so you missed the head and shoulders thengrafician
- Pray emojishapesalad
- neverscared1
the reason why people think crypto is 95% scams and garbage and most crypto people are assholes is because crypto is 95% scams and garbage and most crypto people are assholes
https://twitter.com/BillyM2k/sta…
former doge coin owner... he also said it an inherently right wing thing once i think
- ...just like dotcom era...and we see how that ended. We're nowhere near any bottom.formed
- depends for whom... 50% or how many have now negative invested ...neverscared
- neverscared0
- Desperation and pressure are settling in. Any of these "managers" that don't roll with the tide will be out of a job.formed
- shapesalad-2
MicroStrategies share price:
You see that spike over the 2000 year? That was the Dot Com Bubble.
You see that spike 2nd spike to the right of the chart? That was Feb 2021, a rally after a few months of stimi cheques being cashed into Robinhood to buy BTC, with a sprinkling of peak meme stock mania...
I wish I'd looked at this chart earlier, I'm now thinking TULIPS when I think Bitcoin/Crypto. And Saylor - I can't stand him, he makes a decent point in the most boring long winded way - but it's very mono sided. It's a slice of thinking. It's not macro. It is indeed 'micro' 'strategy'....
Back in 2011, I had free electricity in my apartment, for around 5 years. I remember in 2011 seeing this bitcoin thread here in QBN and thinking "Oh I could mine bitcoin with my free electricity" I did a little googling one evening... the whole wallet software and mining stuff just seemed a bit nerdy and not really Mac friendly. So I didn't do or think much more about it.
Then in 2013 as bitcoin reach $1k I was thinking, oh.. missed that one, but should I get in? I couldn't get past the thinking that if you buy 1 Bitcoin, you will only ever have 1 Bitcoin as it doesn't pay a dividend, it's only worth what the next person is willing to pay for it. Then MT Gox happened and I thought, yep... dodgy as fuck.
Then 2020 happened... and all the dollar printing got me thinking limited supply Bitcoin is the answer. Raoul Pauls interviews pushed me into thinking, ok lets get some. I did, and it went up. So I got more. Great all good.
But now.. hearing Peter Zeihan call it a dumpster fire, hearing Maverick of Wall St call it Tulips has had me double checking my thinking... If I didn't have any money in bitcoin would I buy now? ... No.
I have money in bitcoin and it's sitting on a 40% loss... do I wed myself to the thesis of limited supply, deflationary, potential potential potential.. or do I cut my loss and get out asap before it drops massively alongside the S&P500.
Looking at Saylors chart.. I think I see my answer.
Crypto is Tulips. It's a niche. It's peaked. NFTs too. It's all downhill from here. It won't die, the overall tech, blockchains, digital transfer, non-fungible... all of that is great.. but it's not mobile phones, it's not the internet, how can it follow metcalfe's law to mass adoption?
- $100k btc. $500k btc. How? Family offices and hedge funds? How can they justify the zero yield on it?shapesalad
- As soon as it reaches $100k, or $500k - that will be a spike. A blow off top. And it'll come crashing back down. What is there to hold it above that value?shapesalad
- Limited supply? But if you get limited demand you get limited value. It only works if everyone wants some, and why do we want some? it's tulip mania.shapesalad
- Stocks - you see the potential of future company growth, or companies are paying out dividends as they cruise at a stable size and profit. Makes sense.shapesalad
- Yup. *POOF*formed
- Like clockwork, this tulip sentiment is parroted every time bitcoin is doing anything. Far more predictable than the market itself.inteliboy
- The entire market is in dire straits btw. BTC is being kinda boring if anything.inteliboy
- This is how Bitcoin dies -- not by going to zero, but by losing volatility, becoming boringdrgs
- Something in crypto will survive, but 99.9% needs to completely die, a la dotcom. Anyone that couldn't see this coming was in lala land.formed
- It's over people. Just send them to me, and I will keep them as a souvenir.Sandder
- no golden city with a big logo in the centre in el salvador then.. who would have seen it coming..neverscared
- drgs0
Bitcoin supports log support, I think it's a good place to buy.
Some old charts I made before I got tempted by the dark paths of bullish fractals:
https://www.tradingview.com/char…
https://www.tradingview.com/char…Discuss
- Why do people keep expecting crypto to act like a stock when all it's manipulated...
Crypto has no real world valuegrafician - It's literally somebody at some Blackrock calling somebody in crypto, price goes up they sell price goes down they buy and repeat - for fucking years :))grafician
- I posted a lot in this thread and the other crypto thread, nfts...same shit, you guys keep going, the definition of crazy...grafician
- Bitcoin keeps goingdrgs
- ☉ ‿ ⚆grafician
- bro were at the level irl when somebody is mentioning crypto or bitcoin we're leaving the fucking table :))
that cringegrafician - Do you want to be right or do you want to make moneydrgs
- Ain't nowhere near done going *POOF*! There's barely a wound. You need carnage before anything is 'real'.formed
- $1-1000 seems slightly reasonable to me.formed
- It's been an underwhelming bull run and an underwhelming bear market to match it, there are no more cyclesdrgs
- We've only begun to see the downtrend. And that's just history saying we have a long way to go. Crypto is no different than meme stocks.formed
- Why do people keep expecting crypto to act like a stock when all it's manipulated...
- NBQ00-1
Really good documentary in case you haven’t seen
- This is why I prefer YouTube, those channels where one person talks, no music, no 'thud-boom' SFX to over dramatize an actually interesting narrative.shapesalad
- jonny_quest_lives-1
Nayib Bukele removes laser eyes and bitcoin from his twitter profile.
- shapesalad0
Quite the case for BTC:
- yuekit0
El Salvador's President Bukele reveals plans for "Bitcoin City"
Bitcoin City is said to have 0% income, capital gains, property, payroll, and municipal taxes, as well as 0% CO2 emissions. The location is meant to be near La Unión, a small Salvadoran city.
Bukele followed up with another set of pictures detailing four landmarks to be scattered through the city, one of which looks to be a gigantic bitcoin. Bukele then clarified that Bitcoin City would not be golden. The color choice was simply a design decision from the architect.
Bukele also announced on Tuesday that his government had bought 500 bitcoins, its largest purchase of the cryptocurrency to date.
- And all the streets and buildings are made of gold?NBQ00
- ^I know, it's hard to read and process more than the first sentence.uan
- Nice to see Jonah Hill keeping an eye on things.Hayzilla
- uan, I was being sarcastic.NBQ00
- At least living in a city is better for the environment compared to living in suburbs.shapesalad
- another shitty dubai-a-likehans_glib
- buyin' the dip bigtime.microkorg
- Bitcoin or UAE dirham?shapesalad
- damn this is dull.. like some esoteric anti-intelligence project .. everybody with a little understanding of city building and architecture must be appalled.neverscared
- applying that straight line geometry on that topology ... i can see uneducated fools falling for this.neverscared
- is that an airport under a glas dome ? how can they take off ?neverscared
- the bitcoin logo in the center... u could just ask speer to put a swastika there...neverscared
- one of the dumbest PR-Stunts in history..neverscared
- Meanwhile the country has shitty schools, no hospitals updates and other project this dumb ass dictator promised...Salarrue
- Also where would they get the monies from to fund this mega-city? lol, what a fucking joke.NBQ00
- Calm your fucking tits, neverscared. Folk in architecture or engineering will see this for exactly what it is - a 3D printed situationsplan on a contour mesh.face_melter
- No-one is getting mad apart from you. I suppose you're going to start ragging on the building heights and the residential sqm?face_melter
- Well, maybe not a situationsplan - skiss plan. Anyway. I make these all the time, no-one thinks it is how the projects will look eventually.face_melter
- i´am not getting mad .. i just say its a bad pr stunt for idiots with a lack of architectural substance... if any idiot builds this hexagon its a downfall forneverscared
- the discipline... imagine le corbusier build a crap like this in chandigarh or niemayr in brasil..neverscared
- or that logo in the center of the city ...lol what a flippin shit.neverscared
- they dont have any money its just a dictator wanna be a megalomaniac show off..neverscared
- is this why the price of coffee is going up?aliastime
- the difference between this Dictator and the bordering dictator (Daniel Ortega) is his ideology can actually convert the shit hole country into a livable one.hotroddy
- sure .. with his hustle and crypto goin tits up he is converting into the mega shithole... they can build the airport with seashells now..neverscared
- tether is gonna finish it... then hes gonna build shitcoin city ...neverscared
- This “president” is a douche. LolKrassy
- Is this a city for ants? They need to make those buildings at least three times bigger_niko
- they made it according to the brain size of the dictator... thats why its so small.neverscared
- ever heard of Le Corbusier's 'Plan Voisin' from 1925 neverscared?uan
- Their plan to fund it is that they will harness the power of a nearby volcano to mine more Bitcoins.yuekit
- https://www.cnbc.com…yuekit
- Came here only to say, the architect is the brother-in-law of Carlos Slim...Miesfan
- of course i not only heard of it i also studied it.. very different.. much more green space around the build volumes and no swastika like logo in the centre..neverscared
- no useless lines in a hexagon shape with zero sense except some branding pr dumbness.neverscared
- lets hope u are able to see the differences uan otherwise i must be concerned about your understanding of city building... also probably not smartneverscared
- to put this in comparison with curbo with a little office who hasn´t build much to nothing with the grand.. he also had no thing for dictators.neverscared
- this is very close to speer and gigallghtyears aways from corbu..neverscared
- What happens when a PR shill runs a country. https://www.dezeen.c…neverscared
- Krassy4
Coinbase warning that bankruptcy could wipe out user funds
- LolNBQ00
- Fucking hell, the stock was over $360 since it’s IPO not long ago and now in $50’s, WTFNBQ00
- What else is newdrgs
- gambling platform gambling with others' moneyKrassy
- There's going to be a run on the exchange! lolMondoMorphic
- I had Coinbase stock last year. It's about the only thing I gave up on and sold.CyBrainX
- the crypto markets are a ponzi scheme, unless you have your crypto in a cold wallet you don't really have anythingspot13
- f you think the fall in Bitcoin & crypto prices now is bad just wait till when Tether (USDT) eventually collapses. a 90% fallneverscared
- jonny_quest_lives1
$27,643.80 10:04 PST
- $26,818 10:16pm PSTjonny_quest_lives
- Are you looking at BTCUSDT pair? USDT = 0.955 USD; so the real price was down to 25300drgs
- Krassy2
If the world’s leading cryptocurrency drops below $21,000, Michael Saylor’s MicroStrategy will be forced to pay up
- for whole that primitive slogans he constantly yells. i would like to c him fall on his whacko head.neverscared
- Market Rebellion
@MarketRebels
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38m
#Bitcoin is now below $MSTR MicroStrategy’s average purchase price of $30,700grafician - Margin calls in 3....2....grafician
- yea no, if it hits 21k Saylor's reserve pockets are lined to buy more btcinteliboy
- "As far as where bitcoin needs to fall, we took out the loan at a 25% loan-to-value, the margin call occurs [at] 50% loan-to-value.jonny_quest_lives
- So essentially, bitcoin needs to cut in half or around $21,000 before we'd have a margin call," -MicroStrategy CFO Phone Lejonny_quest_lives
- How Michael Saylor managed to position his company into the center of two economic bubbles is stupefying... The club's ugly lights are flickering on...jonny_quest_lives
- Time to stumble home.jonny_quest_lives
- how people couldn't see this coming is shocking...all bubbles pop and we are just getting startedformed
- ^ this
not even arguing with the rest over this anymoregrafician - has to go to 3k or something for microstrategy to be in troubleinteliboy
- no, the average price for Saylor is around $30K under that he will be margin called
BTC rn is $31191grafician - I hope it falls below $5K and this cunt bankrupt into oblivion.NBQ00
- "Microstrategy faces a margin call if Bitcoin falls below $21,000 $MSTR"grafician
- "I too can put bullshit internet article comments in quotes"inteliboy
- drgs2
- NBQ001
Under 30K. Hasn't been there in a long while.
- The last few months I've been paid in BTC, twice a month...not exchanged any.. now sitting on a hefty pay cut LOL. Oh well. it was fun while it lastedshapesalad
- Anyone know if their local McD's is hiring?shapesalad