What is the catalyst in your mind for it to go back to 65k+? You say "hopefully" which makes me think you're just hoping it goes back up without any real thesis as to why it will. Is there any other thesis besides "fiat bad" (something we've heard from gold bugs for decades), or "scarcity" (having only 21 million of something only matters if that thing is valuable).

I do not want BTC to crash as it will negatively impact the overall markets and economy... but on the flip side I'd love to see scam outfits like Microstrat and Riot BC go bust. Kinda funny that Saylor talked Elon into investing in BTC, and now Elon is indirectly causing Saylor's holdings to plunge. Seems fair as Saylor is a huckster of the worst kind.

i’m not a maxi but pretty humorous daily rants from a maxi in tel aviv.

You don't need a single thing to pinpoint for a ponzi to collapse. Madoff's ponzi collapsed when the financial crisis hit and he got too many redemption requests. He wasn't outed as a fraud until it became clear he could never possibly deliver on the client requests for their funds. But it was really the financial collapse that ended his ponzi, not that he got outed as a fraud.

Regardless ponzis collapse for all sorts of reasons and often with no specific event to pinpoint. The fact that BTC price has collapsed and recovered before is not evidence that the ponzi can never collapse completely. Ponzis operate on greed and psychology and they can turn on a dime. Yes of course you can make big money on a ponzi, like all ponzis the profits come from those who got in at the end.

BTC fan, bought plenty all the way from 10-60, not worried about this dip

This stuff right here is why 80% of average citizens have no interest messing around with BTC. A tweet or a billionaire's eye twitch causes this kind of drop? Of the other 20%, 10% understand what is happening and will stay in regardless. The other 10% is getting burned by coming in late and/or trying to time it for a little profit. And many no-coiners are also scared that government attacks are inevitable as well. You only need to look at the non-questioning way most of the public went along with masking, "vaccines", shutting down small businesses and schools, and gobbling up stimulus crumbs to know they also are resigned to preferring the "security" of govt-backed fiat.

Paragraph above is generally representative of my thoughts but mostly presented for discussion. (yes I wear masks and got the vax) I understand the pros of BTC and believe it SHOULD continue ascending skyward. But I don't for some of the above and other reasons.

Products don't need to move tick for tick with the news for it to be valid market mover
People that think its going below 30k should probably sell at 45k. That's a significant percent. I also suggested people take profits on the way up and keep some dry powder but I suspect that type of thinking sounds ridiculous when you have moon mentality

Personally I think this gets below 30k this summer but I also believe musk tweets are inconsequential to this move (BTC not doge) and something like tether is far more of a concern

would be nice to have a 44k short position right about now

I shorted btc, I’m gonna jump back in when it’s 40k hopefully

Is it true 95 % of bitcoin is owned by 2% of owners or is that false?

https://www.google.com/search?q=Is+i...obile&ie=UTF-8

2% of addresses so an exchange gets counted as 1 address. Just quick Googling, don't know any numbers.

...............

the StopElon coin has just been issued - it involves a plan to wrest control of Tesla from Musk - using the growth of the coin to buy shares in Tesla - it is an attempt to stop Musk's manipulation of currencies

another coin recently issued, the F***Elon coin has become so popular that its market cap increased by millions in a few hours

as Alice once said, "it just gets curiorser and curioser"




https://wccftech.com/stopelon-coin-e...rom-elon-musk/



*

coming on

Got in at 47, I should have believed in you, chychy.

Too early though he is slowly becoming the Donald Trump of the tech space.

Could use a good bloodbath to cleanse the weak hands out and unfroth the shitcoin market. I wouldn't mind seeing us get down to the low 30s again. Certainly will back the truck up if it happens.

Never seen somebody take a victory lap on a fake position when it gets back to breakeven. First time for everything. Stop engaging with him.

Musk became this way slowly? He’s been this way the entire time. I can’t even pronounce his latest child’s name, he’s on like his 4th marriage, he endorsed Kanye for president, he tweeted COVID misinformation.

I wish him all the best but I don’t think he’s the greatest leader.

Yeah, BTC never really got out of that 50-60 range and stayed well supported, think it's underpriced for the year, but could see some dips that really hurt things like ETH that are hype magnets with no substance. I'd be thrilled with 30K BTC and <1k ETH.

damn.. I made 0 money with my own prediction @51,300

I don't think the disparity is that extreme.

You Can look at BTC HODL wave charts, crypto exchange balances, paypal/cash app daily in flows, miner balances/outflows, number of new addresses, etc. using tools like glassnode to potentially debunk the numbers you gave, but even then you can't prove anything with complete certainty.

lol

+1

One can believe in blockchain technology without believing most/all individual cryptocurrencies necessarily have any value.

Blockchain combined with POW allow unforgeable costliness to exist on a digital network. If you want to participate on one of these networks with all the other billions of people on earth you have to pay the price of the token set by supply/demand and network hash rate. Keep in mind that without a high hash rate a network won't be secure thereby giving the tokens little value.

The creator(s) of bitcoin knew exactly what they were doing with every little detail. The genius behind it is often overlooked and taken for granted.

Pretty much exactly that. I'm just some idiot with more dollars than sense. Bitcoin go brrr.

Riot I though is a legit mining company (and valuable at that as most of the capacity is in China). How is it a scam?