Bitcoin
Bitcoin
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- drgs0
It does not look like a bullrun top because:
A) Not a top, more upside
B) Not a bullrun, but a rally, proper bullrun peak in Q3 2023
C) Bullruns as we know them from 2010s will disappear?
Halvings had big supply shock in the beginning, and halving-induced cycles made more sense back then, but as more Bitcoin is mined new halvings will have progressively diminishing effect.
Imagine sometime in 2040 99.9% of all Bitcoin is mined and a new halving has occured. What does it matter -- we practically have all the corn already? Basically, we are currently somewhere in the middle.
Or something to do with TA-awareness: bullruns are highly "advertised" and anticipated in advance, the market becomes too one-sided.
2017-bullrun was born out of misery, when 2015-2016 really seemed like the end. Maybe that's what we need?Discuss
- All will be mined around 2100, not 2040.
After that, there will be only fees to process, nothing more. If all will hold, not even fees.grafician - Will there not come a time where cost to mine outweighs cost of coin? Like gold, all the easy cheap to mine gold has gone, now it's the hard to get stuff left =shapesalad
- if you really want more gold you got to spend lots to dig it out. If oil goes up, if we switch to eco energy, we may never extract all gold.shapesalad
- same holds true for bitcoin, it's already mega expensive, the price of coin would be the only factor that determines if the last few bitcoins are mined.shapesalad
- The price will still go up, but will we still have cycles/bullruns/vola...drgs
- tilitydrgs
- All will be mined around 2100, not 2040.
- slappy1
I would recommend going back to page 1 of this thread, some gold in there.
- at least mono has been consistentinteliboy
- Sure have! My investments have outperformed Bitcoin over the same time period. Weird.monospaced
- cool ok bragger. where are all these 5,000% gains you spoke of? because btc was $10 from the start of this thread.inteliboy
- Ride ain’t over ;)monospaced
- I'm really just messing around in response to you trolling me. Of course I didn't make 5,000%.monospaced
- $10 --> $50000 is 5000% now??nb
- It’s actually 500,000%monospaced
- 100% would be $10 gain. 1,000% would be $100. 10,000% would be $1,000. 100,000% would be $10,000 gains.monospaced
- I made close to 1,000% gains, but nowhere near what Bitcoin did.monospaced
- drgs2
- Krassy3
Bitcoin sinks after Elon Musk says Tesla will not accept the digital coin for transactions
https://finance.yahoo.com/news/b…
- cryptocurrency is "decentralized" Suuuure. LOL. ONE guy posts a tweet and crypto value drops 10%.Krassy
- It’s not a conspiracy. It’s just some smart whales who sold at the peak on the news. Anyone who thinks it can go up indefinitely is a fucking clownmonospaced
- it IS decentralized.monospaced
- the concept behind it is that it's decentralized, yes, but in reality, whales like Elon Musk can manipulate the value, making it not so "decentralized"Krassy
- I think it’s naive to think that the whales are few and limited to people like Elon. There are a lot out there, and they are global. Elon is a strong voice heremonospaced
- His company’s decision (not only his, OBVIOUSLY) caused the sell. It’s not like he was the one who sold and caused this.monospaced
- if it hits 43k someone needs to d a wellness check on Michael Saylor.jonny_quest_lives
- Elon the stooge has a obsessive compulsive disorder, a megalomaniac, and is narcissistic just like Trump.utopian
- @mono "some smart whales who sold at the peak" IS a conspiracy LOLgrafician
- @utopian you mean the man changed his mind when the markets are down, Tesla needs currency and crypto is monopoly moneyz?grafician
- @grafician : no. Elon the stooge has a obsessive compulsive disorder, a megalomaniac, and is narcissistic just like Trump.utopian
- In other words, how much did you lose this time utopian? LOLgrafician
- No it isn’t. Bitcoin is at all time high. Company starts trend of rejecting Bitcoin. Sell at peak and pocket earnings to buy at lower price later.monospaced
- It’s NOT a conspiracy. It’s just people taking advantage of the Bitcoin market, which anyone can do if they want. It’s just selling on news.monospaced
- Anyone following the space knows what news like this will do to stock price. At least enough to take the bet.monospaced
- He only learned about the environmental impact now?NBQ00
- And maybe he can stop tweeting about crypto and doge coin for a while now.NBQ00
- silicon valley dumb fucks...livin in their bubble, which will highly likely go up in fire with their shitty co2 planet burning crypto shit.neverscared
- It'll be fun when he suddenly announces that "Bitcoin is green enough now"
The king-of-tech social-media personality here is the only "authority figure" withneverscared - the leeway to say that
*By saying it isn't, he crowns himself as the guy who can say that it isneverscared - bitcoin never can be green, that's why it has a limited shelf life as opposed to othersfadein11
- how folks don't think he, like everybody knew that both were on the way out and is just having fun?kingsteven
- Pump and dumppablo28
- Non-mined coins like Nano are pumpingdrgs
- inteliboy0
Wonder if the 20 week ma will hold.....
- grafician1
- BTC down 11% also dragging the entire altcoins market into even bigger loses ofcgrafician
- #dontbuytesla trending already LOL
https://twitter.com/…grafician - so this guy handed the "markets" a chance to buy the dip or something and the morons are against him now?grafician
- Number must go up... "buy the dip" is just an onboarding mechanismjonny_quest_lives
- Oh wait it's still down 12% now LOLgrafician
- Tesla’s announcement will likely just be a dip for Bitcoin. They are just one company and I doubt a lot of people were buying cars with Bitcoin.monospaced
- where lambo?renderedred
- But also this is just another "Elon Musk is not as smart/noble as people give him credit for". Dude just found out how crypto works?garbage
- nary a word about where the electricity that fuels those Teslas comes from...monNom
- In all fairness, Seattle used to get almost 90% of their electricity from hydro. Nuclear, wind, biomass and a speck of coal filled the gaps.garbage
- We're down to about 60% hydro due to drought, but still not too shabby.garbage
- lol stop pretending this was Elon musk who did this all by himself, or that he just figured out how crypto works ffsmonospaced
- This was Tesla, not Elon. They decided to stop accepting payment based on the news du jour about mining costs. It's also not a big deal.monospaced
- Are you talking to me?garbage
- Yes.monospaced
- I know it was, and know that Elon is just a mouthpiece. I was saying he himself probably had no idea because he's a spoiled rich moron that has never..garbage
- ..really had any consideration for anything other than himself.garbage
- shapesalad0
How to trade it:
- So holders of bitcoin better learn what a trend reversal is and fast, the mood is "SELL" lolgrafician
- also what legitimacy they were hoping of getting with Elon validating Bitcoin, it's gone. Elon basically told the world that Bitcoin is trash.grafician
- and while everything is in red, XRPBTC is up 3% so yeah...grafician
- it drives me nuts that i can't build a proper forecast, or see any pattern in this crap since januarysted
- NBQ004
- wait, is that bye, bye, bye or buy, buy, buy? lol_niko
- Lol nikoNBQ00
- lol nikoGuyFawkes
- haha niko!Krassy
- Here you NBQ for your lossporn: "As much as $365 billion wiped off cryptocurrency market after Tesla stops car purchases with bitcoin"grafician
- https://www.cnbc.com…grafician
- lol lossporn. Today I learned a new word innit.MrT
- @MrT here you go: https://www.reddit.c…grafician
- So it was buy buy buy after all?NBQ00
- grafician2
when it rains...
- https://gph.is/2MgVS…jonny_quest_lives
- Binance sucksGuyFawkes
- they never verified my ID, they could have made like 2 whole dollars from meGuyFawkes
- Binance USA has a bad reputation, but the global site is good.shapesalad
- Well "they" have to do something to stop crypto sucking their worthless fiat value out of the taxman's hand.shapesalad
- Hayzilla0
There is a lot of backlash against Crypto due to energy consumption and probably rightly so. I've been investing in HBAR. Not as exciting as the big guys or meme stock but something to think about guys...
- You can get some XLM or XLR as they have *some* utility in banking and are PoS platforms, but the rest is trashgrafician
- oh and some Tezos if you're still into NFTs, but that's about it when it comes to crypto
anything else is crap/scamsgrafician - As annoying as it may be... i'm 50% into Nano... elegant concept, fast, simple, no fees... and not energy drainingCalderone2000
- you can be into anything, it's your choice, but 99,99% of crypto project have zero utility, the rest is simply speculationgrafician
- and that's okay, it's okay to admit "I'm into this coin 100% for speculation" just don't try to convince other people that crypto will save the world ffsakegrafician
- ex: Dogecoin will be a hit because everybody knows it's useless and everybody buys Doge for speculationgrafician
- @Calderone2000 I don't care about those, i'm in because it seems stable, and doesn't has that hype what makes meme coins volatile as fuck.sted
- HBAR is proprietary and closed source. If you want to look at a strong project, look into Cardano. scientific approach. Best POS. Formal Methods.ESKEMA
- yep Cardano is likely going to be the one, or Eth 2.0fadein11
- Yeah, I put $500 into Cardano a couple of weeks back. I don't know all that much, but it seems to at least have the chance of being useful. Either that or ETH2hardhat
- yupfadein11
- drgs0
- greedy dudeKrassy
- He's annoyingNBQ00
- this guy bought at what 44k last time, so basically he lost some millions today
if BTC hitting 41K he will be well in the red...grafician - i think if it hits 43K the survival of his company Microstrategy becomes an issue/jonny_quest_lives
- he actually used his company's money to acquire BTC so his personal risk exposure is 0.jonny_quest_lives
- August 2020, Microstrategy announces it would make BTC its primary reserve asset. And it proceeded to buy $425m worth of bitcoin, reducing its cash reserves 90%jonny_quest_lives
- December 2020 Microstrategy announced its intention to borrow $650m to invest in yet more bitcoin...jonny_quest_lives
- well look up his personal net worth, it might be tied to the company so if the company tanks...grafician
- NBQ is already standing by with a new #lossporn video about Microstrategy this time?grafician
- It's a bit difficult to find a source that has tracked all the Microstrategy BTC purchases chronologically ...jonny_quest_lives
- but i think $43K per bitcoin is probably a huge red fllag for this company as BTC is now their primary reserve asset and they took on debt to increase theirjonny_quest_lives
- BTC holdings... back indecember 2020... also as @grafician has pointed out they seem to have bad timing when acquire more BTC... Their 2021 BTC buys have to bejonny_quest_lives
- underwater right now.jonny_quest_lives
- here you go jonny: https://decrypt.co/7…grafician
- "MicroStrategy’s Bitcoin holdings comprise 97% of its market cap of $4.76 billion."grafician
- from that article: he bought a few days ago again at $55K for $15M in CASH lolgrafician
- also he will not sell as he is a nuts at this point, all bitcoin "maximalists" are basically nutsgrafician
- Microstrategy's 1st major BTC purchase in 2020 was to take their $425 million cash reserves and buy BTC outright... Seemed crazy...jonny_quest_lives
- and according to their financials they took a $44.2 impairment on that investment.... because duh BTC is volatile... their response?jonny_quest_lives
- Take on additional $650 million in debt to buy more... Taking money you don't have acquiring a speculative asset is risky as an individual...jonny_quest_lives
- Doing that on a corporate level is at the least gross negligence and or possibly corporate fraud.jonny_quest_lives
- It's not like Microstrategy is Microsoft... By all appearances been running on fumes since the dot com era but they do employ 2000 or so people..jonny_quest_lives
- so his decisions as the majority vote holder on the Microstrategy board have consequences.jonny_quest_lives
- sted2
A Twitter user who goes by @CryptoWhale said, “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their holdings. With the amount of hate @elonmusk is getting, I wouldn’t blame him...”
- Elon bought at what 36k? Anything above that he is still well in the money.grafician
- Didn't they already sell a ton and make a killing?formed
- They sold like 10%? and made a few hundred milli yeahgrafician
- https://www.bloomber…grafician
- but Elon also has a personal stash so who knows, anyway he is still in the money, not like these other moronsgrafician
- also bitcoin was pumped between 30-60K so it might go down at least thatgrafician
- This time next year Bitcoin will be worth $.60 and doge will be worth $60k lol_niko
- I'll bet anyone all these we talk about now will go to zero once they are regulated. Eventually there will be one that lasts and is stable.formed
- this is exactly what I expected from this year, but for the time being it is done in very careful and slow steps.sted
- NBQ001
Bye Bye Bye?
- Bluejam5
- via https://twitter.com/…Bluejam
- All those coins wtf********
- Cardano and Xrp are holding their own.BH26
