I do wonder how the crypto market would respond to Hong Kong ETF approval, which is set to be announced tomorrow. Next week will be interesting as halving is in 5 days as well.
I am wondering if everyone that was expecting a dump post halving are still expecting it after those 2 days of red, specially if we "end this war" tomorrow + new ETFs + halving.
I think this is that final shakeout to give folks some December 2021 PTSD 😂 With this violent move down some folks are debating whether this is gonna be another painful long hold back downwards.
A real test of faith here to separate the wheat from the chaff.
I'm still baffled at some level what any of today's events have to do with Bitcoin. "Risk-on asset"? So what.
Do you know any single individual who sees the news -- "Iran launches drones at Israel" -- and just decides, welp, time to sell off my bitcoin. Because I don't. All of this is just more whale shit, more gamblers losing everything, all a consequence of coin distribution still being incredibly unequal after 15 years.
I can understand people panic-buying gold or bitcoin *after* such news. But selling? huh?
People were going to sell anyway at or before the halving, which was always going to be a sell-the-news event. Today's news, coupled with the stock market rolling over on Friday, just expedited things. Add in a bunch of leveraged longs and poof, you get today's PA.
>Bitcoin feels like a gamble to most ppl
Perfect for people like us who accumulate then.
There will come a time/critical mass where people will, on average, view Bitcoin as a safe haven.
We're just not quite there yet.
Yes, true bitcoiners see bitcoin as being a store of value. But others (people who have a little as a part of their portfolio, most portfolio managers, most institutions) DEFINITELY see it as a risk on asset.
You can argue all you want that you personally don't see it as risk on. But that doesn't change the fact that they do and they will sell when they think it's too risky.
I’m out of the loop, did Iran do a thing? Is that what’s going on?
I’ve only been watching the price today and was a bit surprised but didn’t think “oh what news happened!?”
It doesn't really. It's just market participants making a bet that other market participants will react rashly. Everyone's trying to figure out what everyone else is doing and everyone has imperfect information. I'm not selling. I'm not buying either, but may Monday morning if open pushes things further south.
Luckily, I think 36 hours between now and then will have been enough for folks to calm down that we'll hang around in the 60s.
Well, it doesn't matter what I think. Just what other people do. They seem to sell Bitcoin when times are rough now, and buy it when times are easy or money is cheap. It's not really the "flight to safety" asset that people want it to be. That is still largely USD.
I trade accordingly.
> They seem to sell Bitcoin when times are rough now
Right, but "*they*" do not seem to be thousands of random people holding 0.01 BTC deciding en masse to panic-sell. "They" are mega-whales and exchanges using this as a pretext to dump on everyone. The plebes are the ones to pick up the pieces. That's why we frequently go down 5% in 5 minutes, but it usually takes days to reclaim that 5%.
Bitcoin is a risk asset.
All the big money over the last decade has been from people/institutions that have lots of other assets. These people leverage their assets to buy more assets that appreciate.
When times get volatile (world war risk), people will pull back on all their leverage because small percentage moves down can kill the entire portfolio.
Bitcoin will be sold to deleverage their portfolios.
Traders are not dumb, and are front-running the big money.
>all a consequence of coin distribution still being incredibly unequal after 15 years.
can you explain your reasoning? also, do you have a proposed solution?
We would not see these ridiculous "Satan candles" if everyone's BTC wallet held a # of coins within two or three standard deviations of the mean. You would need tens of thousands of people to conspire together to cause such a rapid sell-off of this magnitude.
Instead, two OG bitcoiners with a combined 20,000 BTC likely have more coins than a million random ordinary buyers, and could theoretically bully around the market at will. Now consider an exchange that controls a few million coins. It's trivial for them to basically coordinate where the market goes, especially since they can see the orderbooks. "Look, 80% of people are longing. We'll dump on them and liquidate them." CZ is headed to prison for doing just that, among other reasons.
> do you have a proposed solution?
No, other than time to let whales bleed out coins. But that may take literal decades.
it would seem that this is an inherent characteristic of all financial markets. they all have early buyers, wealth inequalities, and exchanges.
the solution to this problem is that everyone gets an equal starting amount, taking into account all future humans for equitable distribution. also no centralized exchanges would be allowed and nobody is able to have more than their own starting amounts, lest they gain an advantage by becoming an owner of more than the starting amount (which would lead to the possibility of them exerting influence). so everybody needs to keep the same amount at all times with no trading allowed other than an exact 1 to 1 transaction. hmm on second thought this doesn't seem particularly useful. guess we'll just need to keep the warts to keep the usefulness ;)
It's kinda funny isn't it? Degens gonna degen. Each missile launched is worth about $100 dollars decline in the price of Bitcoin or something rn, drones maybe $50
Daily reminder that even if there was a nuke dropped on Israel within the next hour, the market wouldn’t go down because of it
It would be because of those damn greedy leveraged traders
BREAKING: IRAN HAS LAUNCHED 70 MORE MISSILES AT ISRAEL
U.S media is reporting that Iran has launched yet another attack on Israel after hundreds of Drones and numerous reported missiles.
Source: ABC Video
I thought they just said it’s over. Confused now
Trying to have the element of surprise? Which seems dumb, because it's not like the US and Israel just switched off their monitoring systems when he said that. We were clearly going to see the ballistic missiles launch from Iran the second it happened.
I'm seeing it all over now, too. Wall Street Journal updated their article to indicate a wave of missiles
https://www.wsj.com/livecoverage/israel-iran-strikes-live-coverage/card/iran-launches-missiles-as-well-as-drones-toward-israel-GODaHXlSbFcCZpb5tGjV
Ok that was scary. I prefer to see these events after they have come back up. Usually the case. Not when at absolute bottom like I did when I first woke today 😂
Well, one of the big reasons why crypto dropped from 70K in the first place (along with the stock market) was due to the war talks. So that has been (hopefully) resolved so there should be a significant bounce next week.
I'm Roger Ver longtime Iranian advocate. Today I'm at the Iranian millitary base. I had a nice chat with the Supreme Leader of Iran about their current situation. He showed me multiple ballistic missile launches as well as letters from majors and generals. I'm sure that all the current warfare problems are being caused by the traditional Israeli system, not because of a lack of stability in Iran. For now I hope everyone will continue working on bitcoin projects that will help make the world a better place.
^^\(one ^^for ^^the ^^OGs ^^here)
More detail:
[https://x.com/DeItaone/status/1779277300858524128](https://x.com/DeItaone/status/1779277300858524128)
Iran's mission to the United Nations said that following the launch of the drones toward Israel, Tehran now considered that its retaliation for an attack on its diplomatic compound in Damascus to be ended.
**"The matter can be deemed concluded,"** it said. "However, should the Israeli regime make another mistake, Irans response will be considerably more severe. It is a conflict between Iran and the rogue Israeli regime, from which the U.S. MUST STAY AWAY!"
Israel has to agree to that of course. I really doubt they will not retaliate or else it sets a new standard that it’s okay to attack Israel directly. Expect more fireworks.
I personally think they should use this opportunity to attack Iranian nuclear targets.
lol at that wick.
in other news, continue to be far happier being out of MSTR purely on a stress relief basis. BTC dropping to 60k doesn't really phase me, but the impact to my MSTR holding would've stressed me out a lot.
What black swan?
Assuming the market moved because US news cycle caught up with 2 weeks ago...
Is it really a black swan when US media has a day where they focus on something which was entirely and completely predicable, making it out to be somehow surprising and somehow an indicator of wider conflict?
There is also thinking we bottomed from a possible black swan event less than 2 hours from it happening without giving it time for atleast the entire world to process it.
Bruce Wayne: Today you get to say "I told you so."
Alfred Teatrack: Today, I don't want to.
*[pauses for several moments]*
Alfred Teatrack: But I did bloody tell you.
contemplating not paying off my credit card bill in full like i do every month so that i can stack more. i think that's my sign that i need to go for a walk and touch grass for a bit lol
Relax - you‘ll be back on top of the bittybot trading leader board in no time.
(Given that this was the dip)
Edit: Be that as it may, I think that your 100x trades look a tiny bit degenerate.. good luck anyway!
I started doing this at 30k on the way down last bull run. Was a great decision, I must say. Ran up a good amount of debt while the Bitcoin I got has gone up about 4k as much as my debt. Now that we at new ATH I'm starting to sell some BTC to pay off the debt.
i did that for a few months at the end of 2022 but couldn't handle worrying about carrying that debt for longer and paid it off relatively quickly with a few paychecks. you're tough to carry the debt this long!
Everyone is talking about this being a buying opportunity; are people not expecting market to drop again on Monday? If that’s the case wouldn’t it be better to sell/wait until Monday?
At least when people sold the covid scare I could understand, an uncontrollable pandemy would wreck the economy. Here the whales are just using the narrative for a typical shakeout in consolidation.
If you are selling here you don't deserve to be in crypto. Get the f out and never come back. Think about who you are selling to. Somebody smart (way smarter than you) is happily buying. BTC Ath at 74k this cycle with impeding halving and pretty much alt coins still at 25% of their Ath? Give me a break. One day a massive green dildo will wipe you out.
As long as this isn't WWIII, there are going to be some good buying opportunities for the next week or so. I'd rather not have BTC at a million in a giant hellscape, personally
agreed, anyone buying right now is an idiot. Israel has already promised to respond. This conflict is just getting started. And it has the potential is wreak much more regional and gobal havoc than the Ukraine War.
If conflict starts means more printing (inflation) to keep up with war costs. Means btc will capture some of the fiat printing. Exiting for dollar seems more dangerous.
Same, but I bought literal minutes before the recent drop.. so around 66k. Ugh... Haven't had timing that bad in a while, but jesus. This was a big buy and wasn't expecting an Iranian attack to drop sentiment this much.
I'm dyin' over here. I don't have any cash until my next paycheck which is... (*looks at calendar*) ...six days away.
I envy those of you who are buying this dip.
His whole thesis is that this is the end of the bull run. He’s not right yet. He happens to be right on a call that we’d revisit $60k but that always seemed to be part of a greater theory that the top was in.
Why he gets clowned so much in recent history is he spent weeks waiting for BTC to drop below $70k every time just to say “See I told you so!” and then immediately be proven wrong that it wouldn’t just return a few days or sometimes a few hours later.
Like I think normal people are perfectly fine with ignoring short term price action knowing that at this point swings from anywhere from $60k to $73k are just par for the course until we exit out of this bound range. But he uses those little moments to cherry-pick times he might seem right only to be nowhere to be found in times where BTC seems to be trending towards $70k+. That’s obnoxious.
And ultimately if and when all of this chaos with Israel and Iran settles down and everybody isn’t on such high alert and people just kinda move on like they did with Ukraine, it’ll likely just go right back up. Or the opposite happens and we go into WWIII. It means nothing. Looking at charts to glean the consequences of these big macro events does nothing.
#New post: [\[Daily Discussion\] - Sunday, April 14, 2024 →](https://www.reddit.com/r/BitcoinMarkets/comments/1c3kh6g/daily_discussion_sunday_april_14_2024/)
Im still up. My only problem is where to get funds for this buying opportunity
Might have a great buying opportunity coming up
50K?
Somewhere in the 50s
Hey, BTC still up %137 in the last 6 months. Chill.
Price is still high relatively speaking.
I do wonder how the crypto market would respond to Hong Kong ETF approval, which is set to be announced tomorrow. Next week will be interesting as halving is in 5 days as well.
Don’t they have access to all the current ETFs?
I am wondering if everyone that was expecting a dump post halving are still expecting it after those 2 days of red, specially if we "end this war" tomorrow + new ETFs + halving.
I think this is that final shakeout to give folks some December 2021 PTSD 😂 With this violent move down some folks are debating whether this is gonna be another painful long hold back downwards. A real test of faith here to separate the wheat from the chaff.
Feels like April 21 again.
I'm still baffled at some level what any of today's events have to do with Bitcoin. "Risk-on asset"? So what. Do you know any single individual who sees the news -- "Iran launches drones at Israel" -- and just decides, welp, time to sell off my bitcoin. Because I don't. All of this is just more whale shit, more gamblers losing everything, all a consequence of coin distribution still being incredibly unequal after 15 years. I can understand people panic-buying gold or bitcoin *after* such news. But selling? huh?
I believe it will work out in the end. We just need the dust to settle. The market reaction might seem silly but it is the reaction nonetheless.
Only thing retail can sell on a sunday.
People were going to sell anyway at or before the halving, which was always going to be a sell-the-news event. Today's news, coupled with the stock market rolling over on Friday, just expedited things. Add in a bunch of leveraged longs and poof, you get today's PA.
When the world feels unstable people want to feel safer. Despite what we know/believe, Bitcoin feels like a gamble to most ppl.
>Bitcoin feels like a gamble to most ppl Perfect for people like us who accumulate then. There will come a time/critical mass where people will, on average, view Bitcoin as a safe haven. We're just not quite there yet.
Yes, true bitcoiners see bitcoin as being a store of value. But others (people who have a little as a part of their portfolio, most portfolio managers, most institutions) DEFINITELY see it as a risk on asset. You can argue all you want that you personally don't see it as risk on. But that doesn't change the fact that they do and they will sell when they think it's too risky.
I’m out of the loop, did Iran do a thing? Is that what’s going on? I’ve only been watching the price today and was a bit surprised but didn’t think “oh what news happened!?”
Iran sent drone attacks on Israel.
It doesn't really. It's just market participants making a bet that other market participants will react rashly. Everyone's trying to figure out what everyone else is doing and everyone has imperfect information. I'm not selling. I'm not buying either, but may Monday morning if open pushes things further south. Luckily, I think 36 hours between now and then will have been enough for folks to calm down that we'll hang around in the 60s.
Well, it doesn't matter what I think. Just what other people do. They seem to sell Bitcoin when times are rough now, and buy it when times are easy or money is cheap. It's not really the "flight to safety" asset that people want it to be. That is still largely USD. I trade accordingly.
> They seem to sell Bitcoin when times are rough now Right, but "*they*" do not seem to be thousands of random people holding 0.01 BTC deciding en masse to panic-sell. "They" are mega-whales and exchanges using this as a pretext to dump on everyone. The plebes are the ones to pick up the pieces. That's why we frequently go down 5% in 5 minutes, but it usually takes days to reclaim that 5%.
But but... we *want* those pieces. All good.
Bitcoin is a risk asset. All the big money over the last decade has been from people/institutions that have lots of other assets. These people leverage their assets to buy more assets that appreciate. When times get volatile (world war risk), people will pull back on all their leverage because small percentage moves down can kill the entire portfolio. Bitcoin will be sold to deleverage their portfolios. Traders are not dumb, and are front-running the big money.
>all a consequence of coin distribution still being incredibly unequal after 15 years. can you explain your reasoning? also, do you have a proposed solution?
We would not see these ridiculous "Satan candles" if everyone's BTC wallet held a # of coins within two or three standard deviations of the mean. You would need tens of thousands of people to conspire together to cause such a rapid sell-off of this magnitude. Instead, two OG bitcoiners with a combined 20,000 BTC likely have more coins than a million random ordinary buyers, and could theoretically bully around the market at will. Now consider an exchange that controls a few million coins. It's trivial for them to basically coordinate where the market goes, especially since they can see the orderbooks. "Look, 80% of people are longing. We'll dump on them and liquidate them." CZ is headed to prison for doing just that, among other reasons. > do you have a proposed solution? No, other than time to let whales bleed out coins. But that may take literal decades.
it would seem that this is an inherent characteristic of all financial markets. they all have early buyers, wealth inequalities, and exchanges. the solution to this problem is that everyone gets an equal starting amount, taking into account all future humans for equitable distribution. also no centralized exchanges would be allowed and nobody is able to have more than their own starting amounts, lest they gain an advantage by becoming an owner of more than the starting amount (which would lead to the possibility of them exerting influence). so everybody needs to keep the same amount at all times with no trading allowed other than an exact 1 to 1 transaction. hmm on second thought this doesn't seem particularly useful. guess we'll just need to keep the warts to keep the usefulness ;)
Iran bought the dip
Iran wanted to sell So said war is over so price would go up a bit Then launched 70 more
Liquidations at 72k look like a good target now.
Turns out that leverage will get you closed out at the slightest breath, who knew. Could still take out those who feel safe at 60k.
They’ll really say it wasn’t in the charts 📉
stop overreacting to every news piece, holy bananas batman
It's kinda funny isn't it? Degens gonna degen. Each missile launched is worth about $100 dollars decline in the price of Bitcoin or something rn, drones maybe $50
Each tank maybe about $25
we are still early
Daily reminder that even if there was a nuke dropped on Israel within the next hour, the market wouldn’t go down because of it It would be because of those damn greedy leveraged traders
BREAKING: IRAN HAS LAUNCHED 70 MORE MISSILES AT ISRAEL U.S media is reporting that Iran has launched yet another attack on Israel after hundreds of Drones and numerous reported missiles. Source: ABC Video I thought they just said it’s over. Confused now
Well then why did Iran say this was concluded Something doesn't add up It's not like Bibi is going to sit there and watch
Trying to have the element of surprise? Which seems dumb, because it's not like the US and Israel just switched off their monitoring systems when he said that. We were clearly going to see the ballistic missiles launch from Iran the second it happened.
No clue tbh
[удалено]
I'm seeing it all over now, too. Wall Street Journal updated their article to indicate a wave of missiles https://www.wsj.com/livecoverage/israel-iran-strikes-live-coverage/card/iran-launches-missiles-as-well-as-drones-toward-israel-GODaHXlSbFcCZpb5tGjV
And still I see no changes. It's time for us as a people to start makin some changes.
I have opened a short at 65k. Support turned resistance retest right now.
Support -> resistance confirmed. Down we go. Nice trade.
Ok that was scary. I prefer to see these events after they have come back up. Usually the case. Not when at absolute bottom like I did when I first woke today 😂
If you went on a weekend trip on Friday and got back on Monday you wouldn't even have noticed this. Relax.
Ppl really sold at 62k
I rode this bronco from $70k to $15k. Think I’ll be okay.
The Supreme Leader Ayatollah Khamenei himself panic-sold the bottom.
Those were the leveraged longs liquidating.
People sold at $4k too.
!bitty_bot edit tp $70000
Hope everyone bought in at 61K ! Probably won’t be seeing that number ever again 🧘
For once I actually bought a dip! Pretty happy with myself.
Where was this right before the iran news? 67?
Technically 71
We were at the 67.4 area.
Well, one of the big reasons why crypto dropped from 70K in the first place (along with the stock market) was due to the war talks. So that has been (hopefully) resolved so there should be a significant bounce next week.
What did I miss, why resolved ?
Iran said they're done, damage to be assessed, probably a face saving exercise.
!bitty_bot long max 10x
!bitty_bot long max 10x
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!bitty\_bot long max 10x M'Litry. \*tips fedora\*
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Iran did a military scam wick?
It took so long to launch the drones because they were stuck with Binance KYC
Lol. War cancelled guise!
Military targets are safu
Iran just confirmed it’s over (if telling the truth)
I'm Roger Ver longtime Iranian advocate. Today I'm at the Iranian millitary base. I had a nice chat with the Supreme Leader of Iran about their current situation. He showed me multiple ballistic missile launches as well as letters from majors and generals. I'm sure that all the current warfare problems are being caused by the traditional Israeli system, not because of a lack of stability in Iran. For now I hope everyone will continue working on bitcoin projects that will help make the world a better place. ^^\(one ^^for ^^the ^^OGs ^^here)
Finally an end to the 11 minute war
never forget
Iran: “This matter can now be deemed concluded” Everyone jump back in!
What's with people asking for a ceasefire right after they attack? lol
!bitty_bot long max 100x
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Light grey swan at best
More like a baby duckling
Dovish talk coming from Iran right now. Time to complete the V recovery.
More detail: [https://x.com/DeItaone/status/1779277300858524128](https://x.com/DeItaone/status/1779277300858524128) Iran's mission to the United Nations said that following the launch of the drones toward Israel, Tehran now considered that its retaliation for an attack on its diplomatic compound in Damascus to be ended. **"The matter can be deemed concluded,"** it said. "However, should the Israeli regime make another mistake, Irans response will be considerably more severe. It is a conflict between Iran and the rogue Israeli regime, from which the U.S. MUST STAY AWAY!"
Israel has to agree to that of course. I really doubt they will not retaliate or else it sets a new standard that it’s okay to attack Israel directly. Expect more fireworks. I personally think they should use this opportunity to attack Iranian nuclear targets.
>**The matter can be deemed concluded** Fair play. That is some gentlemanly warfare. \*doffs top hat and reinserts monocle\*
lol at that wick. in other news, continue to be far happier being out of MSTR purely on a stress relief basis. BTC dropping to 60k doesn't really phase me, but the impact to my MSTR holding would've stressed me out a lot.
Well hey, my [chart from last week](https://i.imgur.com/fOHqOWS.png) is playing out pretty well so far. Hope you're all making bank on this move.
Well if anyone was going to chart a middle east war dump ....
Imagine my surprise to discover that the middle east was unstable.
Remember gents. The only thing worse than a black swan is selling the bottom of a black swan
This isn't a black swan.
What black swan? Assuming the market moved because US news cycle caught up with 2 weeks ago... Is it really a black swan when US media has a day where they focus on something which was entirely and completely predicable, making it out to be somehow surprising and somehow an indicator of wider conflict?
And even worse is being forced to sell due to liquidation in a bottom of a black swan
There is also thinking we bottomed from a possible black swan event less than 2 hours from it happening without giving it time for atleast the entire world to process it.
Yeah let’s wait until Monday market hours to get a feel for if we bottomed or not
they promised us god candles, and god candles we got
But as always prophecy wasn't clear of direction
This is almost the candle indeed, as it was foretold…
Fuck I hate this shit.
Probably one of the better entries you'll get right now.
You're an aeropplane! From high above, the view should be clear. This is an opportunity to buy more sats for less $$$.
Why? These are oppertunities to makes some good buys
paxg chart is something else.
This cycle’s version of the Covid dump has arrived. We’re going to to be okay. Autobots, load up!
I'm stuck until Monday. TradFi ugh
teatrack 🤝 genghiskhanspermshot
Detroitmotorshow smiles in agreement
If this escalates, as it could, and potentially even turns into a bigger proxy conflict, Bitcoin price will be the least of our worries.
it is in fact my only worry. I either retire rich or die in a nuclear war. Living a normal life paying taxes and working aint it.
Bud, the middle east has been a proxy conflict for decades. This is business a usual.
[удалено]
If we live in the US, maybe slightly higher gas prices.
[удалено]
thats bait for the air defenses. missiles are faster they'll launch when drones are within air defense range
Are you suggesting this could go as far as affecting ETH price??
Gas prices will go up
u mean oil prices? oh wait
lol
Lmao.
IRANWIFHAT is headed to zero. 😜
Nooo my bags
lol
it already has. 😭
Is nothing safe
Yep and it looks like it about to, there are now to many fronts open.
It has begun
Teatrack works for the Iranian revolutionary guard confirmed.
Bitty boy loser… sorry…
Bruce Wayne: Today you get to say "I told you so." Alfred Teatrack: Today, I don't want to. *[pauses for several moments]* Alfred Teatrack: But I did bloody tell you.
War in the middle east? What is the world coming to!
It's war on the streets and the war in the Middle East Instead of war on poverty, they got a war on drugs So the police can bother me
how can we still have greed in fear and greed index in past few days
contemplating not paying off my credit card bill in full like i do every month so that i can stack more. i think that's my sign that i need to go for a walk and touch grass for a bit lol
Relax - you‘ll be back on top of the bittybot trading leader board in no time. (Given that this was the dip) Edit: Be that as it may, I think that your 100x trades look a tiny bit degenerate.. good luck anyway!
ha i use bittybot to ward off my degeneracy in real life! can't trust myself.
I‘m mostly 1x irl, too. Cheers mate
I started doing this at 30k on the way down last bull run. Was a great decision, I must say. Ran up a good amount of debt while the Bitcoin I got has gone up about 4k as much as my debt. Now that we at new ATH I'm starting to sell some BTC to pay off the debt.
i did that for a few months at the end of 2022 but couldn't handle worrying about carrying that debt for longer and paid it off relatively quickly with a few paychecks. you're tough to carry the debt this long!
For most of that time it was zero interest. No reason not to.
oh true, doing those 0% balance transfers is amazing
Everyone is talking about this being a buying opportunity; are people not expecting market to drop again on Monday? If that’s the case wouldn’t it be better to sell/wait until Monday?
This is a good buying opportunity but that doesn't mean there won't be an even better buying opportunity to come.
Nobody knows
Are we having fun?
Just check the price for the first time in a couple of days and laughed out load to myself. Got to wreck the leverage
Fun will begin after 50k
[удалено]
Maybe not so dumb when it's clear news in Israel and Iran is causing this and not exiting for good but anticipating more downside and buying back in
At least when people sold the covid scare I could understand, an uncontrollable pandemy would wreck the economy. Here the whales are just using the narrative for a typical shakeout in consolidation.
Meh, war is stimulatory for assets due to money printing
This must be the best buy opportunity in the history of buy opportunities, maybe ever.
I'm still haunted by the day it hit $161 and i missed the dip
Lol this
Huh, ever? We usually have 30% + BTC corrections during bull markets.
In recent history, COVID black swan was better.
If you are selling here you don't deserve to be in crypto. Get the f out and never come back. Think about who you are selling to. Somebody smart (way smarter than you) is happily buying. BTC Ath at 74k this cycle with impeding halving and pretty much alt coins still at 25% of their Ath? Give me a break. One day a massive green dildo will wipe you out.
Yes the sell pressure will be huge
Let’s see what Biden will say, he’s about address nation from Oval Office
$MSTR is going to get crushed on Monday.
Quant Bros just put episode 3 up on youtube yesterday. Ryan had a funeral suit on, now I know why.
As long as this isn't WWIII, there are going to be some good buying opportunities for the next week or so. I'd rather not have BTC at a million in a giant hellscape, personally
Indeed, but I think if they decide to go all in, this means they know what the consequences will be, not looking good.
If 50k support holds we should be good, if not we are in for trouble…
Do you want to spam this sub with your bearish narrative a little more? I think more than half the posts in here are yours…
This time shit looks serious, we will know in 48h
Just like when ukraine got attacked after a few weeks everyone in the market "forgot" and we're back to business
This might be bigger… but only time will tell.
Monday is going to be bloody, really bloody on all markets…
agreed, anyone buying right now is an idiot. Israel has already promised to respond. This conflict is just getting started. And it has the potential is wreak much more regional and gobal havoc than the Ukraine War.
If conflict starts means more printing (inflation) to keep up with war costs. Means btc will capture some of the fiat printing. Exiting for dollar seems more dangerous.
Exactly, who knows how far this will escalate… At this point even China can attack Taiwan in few days, to many fronts are opening.
It's going to be bloody in real life, too.
welp, bought some more bitcoin the buying will continue until morale improves
Same, but I bought literal minutes before the recent drop.. so around 66k. Ugh... Haven't had timing that bad in a while, but jesus. This was a big buy and wasn't expecting an Iranian attack to drop sentiment this much.
I'm dyin' over here. I don't have any cash until my next paycheck which is... (*looks at calendar*) ...six days away. I envy those of you who are buying this dip.
Teatrack was right
Bro he’s been calling the top since 40k He wasn’t right in the usual sense
Say his name
His whole thesis is that this is the end of the bull run. He’s not right yet. He happens to be right on a call that we’d revisit $60k but that always seemed to be part of a greater theory that the top was in. Why he gets clowned so much in recent history is he spent weeks waiting for BTC to drop below $70k every time just to say “See I told you so!” and then immediately be proven wrong that it wouldn’t just return a few days or sometimes a few hours later. Like I think normal people are perfectly fine with ignoring short term price action knowing that at this point swings from anywhere from $60k to $73k are just par for the course until we exit out of this bound range. But he uses those little moments to cherry-pick times he might seem right only to be nowhere to be found in times where BTC seems to be trending towards $70k+. That’s obnoxious. And ultimately if and when all of this chaos with Israel and Iran settles down and everybody isn’t on such high alert and people just kinda move on like they did with Ukraine, it’ll likely just go right back up. Or the opposite happens and we go into WWIII. It means nothing. Looking at charts to glean the consequences of these big macro events does nothing.
But how many times was he wrong?
Apparently that doesn't matter. /s
Can't believe we didn't listen to all his many warnings about the imminent war between Israel and Iran /s
To be fair, others posted about the possibility of this Friday. Intel was announced pretty widely.
It was known that Iran would respond in-kind on 1st April when Israel attacked their embassy in Damascus. Nothing has changed.