Interesting, thanks for the info. Sounds like the best way to short btc, though I doubt I'd ever want to.

TikTok girls were the sign for sure.

Probably a majority. I was very careful this run based on what happened in 2017. Took profits along the way. When Tom Dwan started tweeting about NFTs i knew this **** was gonna pop.

We're just getting started guys.

I was weary about cryptos for a long time when it was in it's infancy but given that big finance is backing crypto 100% for now and even investing in blockchain projects, I don't think this is going anywhere anytime soon. You can now cash out cryptos via credit cards provided by exchanges, visa is piloting crypto settlements in stablecoins, ripple is working with the largest bank in egypt for transfers, some exchanges offer virtual bank accounts in Europe in your name, so less of a chance your bank will mess with you etc.

People are sensitive to the China ban (a major crypto market + the largest mining location of cryptos) + weird avalanches from over-leverage / derivative liquidations, but I don't see cryptos going anywhere anytime soon.

If you ever tried to transfer ETH to external wallets you know this is ridiculously expensive and BTC even more so, so proof of stake coins with low fees will probably take over, but cryptos are here to stay and I don't think BTC is going away anytime soon unless you see the support of big finance of cryptos as some high level pump and dump scheme.

10 year gold chart, quite swingy as well: (I don't see it as "digital gold" btw.)

Me? Nice? I don't think many have said that.

I quite enjoy the discounted prices in the immediate and I don't think it discredits much at all.

In fact, the china fud + musk drama, only makes it much easier to mask the dip to the general public.

Instead, we get to hide the fact of people being overleveraged and the shaking out of noobies in which some lost a fortune.

I do have a question though and I'm sure many are loving to know. What is your exit price on your "short"? You seem confident it's going to go to an extremely low price. I'd hate to see you come back in and say later you sold when it goes back up.

actually he was bullish again by the time you posted

imagine being in his cult and having to look at your ape merch after being liquidated

Sure like any bubble if you got in early and sold near the top you made out great. Of course those profits come from people who bought in at 60k+. Just because it's still up overall doesn't mean a lot of people won't lose a ***"load of money. Lots of people made big money on crap dotcom stocks back in the day also, as long as they sold soon enough.

Thread is so bearish, time to refi another building to buy btc.. too bad it takes months x.x

The sentiment on reddit really doesn't resemble the bottom of the last crash. We're still in the HODLERS UNITE Phase, people seem pretty emboldened. Lots of people quadrupling down here with debt, calling this as the absolute bottom. Everyone's got their own system, but for me there looks like plenty more downside.

I'd like to take a big swing at this when it's time. Hardest part will be the discipline to not shitcoin too much once they're down 95%.

When I started seeing articles like these on industry sites, I knew BTC was in trouble. For reference it was 58k on 5/3 when the "gods" one was published.

"How we became gods" and talking about a "limitless experience" is cult speak.

https://bitcoinmagazine.com/culture/...we-became-gods

https://bitcoinmagazine.com/culture/...ess-experience

Am i the only one thinking the whales are trying to shake out the altcoin speculators in order for another massive Bitcoin pump? Bitcoin dominance went from 70% to as low as 40%, i could see it happening but i also could just see us entering a bear market.

All this news leads up perfectly to Elon announcing a solution to the energy problem. Especially if you believe Bitcoin was created by the same A.I. Elon's working for.

Never forget.

The stone cold top.

I still agree theskillz statement.

The end of the 2018 bull market had a 50% crash just like this one. Then it dead cat bounced a few times eventually reaching its bottom of about 18% ATH (approx $3500).

We may see an $11,000 if it plays like this.

We may see. The odds? Not very good.

Everyone always wants things to play out exactly like it did the previous cycle. So it won’t.

Biggest potential driver of resumed bull market remains inflation. Nobody is going to want to hold cash pretty soon.

You are gonna have a miserable life if you stake your future on this prediction.

Pure nonsense cult meme #532: You won't want to hold cash soon!

Guess the crash isn't done if people are still convincing themselves of silly stuff like this. Pro tip: Nobody is going to want hold bitcoin pretty soon. Inflation might be 5%-10%/year worst case; bitcoin lost 45% in 12 days.

This one hasn't felt as frothy/insane as 2017 was (the runup was a lot larger and longer; bitcoin went from fringe to 24/7 on CNBC), which is why the 50% is worrying. The amount of money at stake ($250 billion vs a trillion) is also a lot larger in real world terms which makes the drop that much more "ouch" for the long term bulls.

who the hell is considering the inflation rate when pondering whether their re-entry point is $20k or $10k?

lol

So, divulge. What's the exit strategy for your "short"?

Going on a feel eh?

ts,

congrats on your fake short. When did the price hit 15k tho?

for anyone not keeping score at home and wondering how tooth's fake short transpired here is the rundown. he allegedly levered up to make an "inviolable" 6% on a -1.1% move from 44k to 43.5k, but didn't get liquidated on the run-up to 65k after closing his paper trade but letting his "real money" (lol) trade ride.

FEB 8, 2021
MAR 18, 2021
MAR 18, 2021
MAR 18, 2021
MAR 18, 2021
MAR 18, 2021
*** crickets ***

MAR 20, 2021
MAY 13, 2021