First the energy concerns and now here comes terrorist and criminals using Bitcoin concerns, i expect another crash.

Flipping back bullish from here, bought at 42.9k yesterday and just now at 40.8k

Note the big volume spikes forcing the price lower. That means big holders are dumping. Is musk getting out? Is Cathie getting out? Are miners getting out now that China says bitcon is not real money? At this rate, only the little guy baghodlers will be left. So sad to see so many taken in by this ponzi. Blockchain is a great tool, but it is not for making play money. If used by a central bank for money, then it is okay. But not to make anonymous computer programmers into billionaires.

You're an old man who wears white socks with loafers and doesn't have the fainted clue about Bitcoin. You post so much ignorant nonsense. You're the biggest muppet posting in this thread, and that's quite an achievement.

That's not the point. Average value gives you some baseline for conceptualizing something you normally aren't used to imaging at a scale. It's like using a basketball and a pin to show how big the sun and earth are, and placing them a scaled distance apart. Most people will fail miserably when they guess relative sizes of these things.

All shitcoins are scams, yes. But there are reasons why one is worth more than another. Having something that is immutable without massive expense, one that no one is in control, globally distributed is better than say a random shitcoin I just made and hold myself.

Land is less finite than Bitcoin. More land is being created all the time. Skyscrapers create new "land" stacked on top of each other. Beanie babies do not cost anything to produce more of. Bitcoin cannot be inflated in supply.


LOL you are still falling for China FUD. For those of us who have been here since the start of this thread, hearing the same FUD over and over again is quite hilarious.

Have fun staying poor.

Moonbois shifting to salt (vs victory party at 60k) must be time for a solid bounce. Would expect a return to 52+ here

Ive been off the forum for a while. Do the bitcoin doomers only come out when the price is falling or is it always like this?

The little guy bagholders are much richer then you. Many of us were little guy bagholders and have millions now. So sad to see you pass on such an opportunity.

Well in all fairness if the stock market dropped 35% in a week there'd be some doomers in the stock trading threads also.

How many people/whales have limit buys at 40k. Should be interesting tbh

Congratz to toothsayer for his short. Should have followed his advice

China didn't ban anything just now. In fact nothing has changed since their 2017 ban. This was just very sloppy journalism from Reuters.

https://cryptonews.com/news/another-...hina-10358.htm

https://www.theblockcrypto.com/linke...zations-crypto

Can I have an acre of dust in Wyoming please?

As someone else pointed out land isn’t all that scarce if we are looking at it from the perspective of people need to live somewhere since skyscrapers and multi-floor apartment complexes are a thing.

Again saying 1 BTC is equal to 1 square mile of land is silly since there are people who don’t want to own land and everyone buys stuff that isn’t land. I brought up random consumer goods because if BTC was the only currency some would use it to buy land while others bought a bunch of goods and maybe some land.

I wouldn’t say land or BTC are good stores of value. However, even if you disagree and think both are going stores of value this is still a silly thought experiment and saying BTC is undervalued because there is only x amount of land in the world is beyond silly. If water levels receded or we learn that Mars is safe to live on and the inhabitable land triples that means (in your thought exercise) the value of BTC is now cut by 67% which again is silly to say these things are related.

Me too I shorted them

Good writeup on Tether: https://www.reddit.com/r/badeconomic..._ponzi_scheme/

You seem very salty. Is it knowing you could have sold a full 60% higher than the current price?

Meanwhile, I'm riding the pozni wave on my short - remember the guys who were so deluded you never thought I'd go green? Good times. Musk has made me a small fortune on Tesla with his tweets but I never thought he'd make me money on bitcoin as well. Long live the Musk pozzing:

Tooth making fortunes fake shorting.

What’s wrong with tether? It’s up 300% in market cap ytd. Great gainz and great store of value. Give it time, it might easily make it to number 1 in a couple months.

let's not pretend you've made millions on BTC

Why would we want such a currency even if it was possible?

not enough fear / panic to turn bullish yet, although it depends how quickly you are ready to sell on spikes

doge clearly shows all crypto are shitcoins and the only difference is marketing

You never went green tho

I got pretty lucky and sold all my non NFT related crypto near the top

I think this is a short term bottom though

https://twitter.com/PeterSchiff/stat...180565506?s=20

Fixed my post.

Holy **** freefall, $32K with a $1000 spread. Cucks getting liquidated left right and center. Shorts are printing money like crazy. Bitcoin is bringing down the whole market as the loser retail ponzi implodes. Trillion dollar supposed "store of value" down 45% in 10 days because some coked up loser tweeted his opinion on bitcoin. You can't make this stuff up.

BagHODLers drowning in a pozni wave emanating from Elon Musk.

Just got more at 33