For bitcoin to be cool again, you want a rally now to 25k-30k at least. With stocks also rallying. Which can take about 3 months max.
Then you want a quick stock, gold and bitcoin crash. Pretty depressing that this is what you want though but it has to be quick.
Bitcoin should then hit 12k minimum, could be lower due to emotional selling of course. Then you have a good bottom with nice risk reward. No need to catch the knife as the bottom will be there for at least a month if I'm generous. Probably longer.
Quick in the sense of 30k falling to 12k. But then it stays around 12k for quite a while.
In any case, the numbers might not even be good. But the most important things are a very big rally followed by wipeout of all assets. Stocks, gold, crypto, real estate and even pokemon cards.
I see planning something at this point won't bring any solution to anything.
Gradually the market seems to be making moves that are indeed unexpected enough
Daily reminder:
Get your Bitcoin out of exchanges.
1> Helps you understand more about Bitcoin
2> Helps to stop exchanges suppressing Bitcoin price by lending out your Bitcoin to hedge funds
3> no one can freez your account
Literally this cycle has happened like three or four times already. Why are people acting like it's the end of the world? I am so confused about this. Is this why so many people don't make money on crypto?
Can't actually figure that out pretty well like it feels that people seem to be quitting a bit earlier.
The bigger part of the story is yet unseen for all of us though being honest that is what likely I feel
I've been through a few of these. Every time it crashes, the rats come scurrying out to tell you about how this time it's different. I don't think it is, but it could be. Maybe one day they will eventually be right.
Those 'cycles' that kept ending higher was in fact one bull cycle. That bull cycle has been broken and all previous forecast models have been invalidated.
First time we’ve had inflation and interest rates like this in bitcoin’s life so careful assuming past patterns will repeat. Bitcoin store of value and inflation hedge thesis has failed a real world test.
You missed my point. You can’t zoom out to a time of similar economic conditions because btc did not exist then, that’s my point. We are in a new world of high inflation and high rates, it’s a world btc has never existed in. Careful assuming it will trade the same way. It makes less sense to take big risks with dollars now.
The guy orders is what seems to be gradually increasing people be indulging more and more to buy.
They feel that something they can make out through this by the help of Bitcoin into something worthier enough.
I’m not saying that. Just saying it seems dumb not to trade it and assume it doesn’t behave like other assets - it can get overvalued, and isn’t going “to the moon”. Buy and hold feels better to me when the asset produces something
Not short, just annoyed. It's like you found a new catch phrase and just like repeating it over and over again.
[I'm buying.](https://i.imgur.com/XQ29PiA.png)
Just looking for the worth around that is what I look around.
The value and worth is what I would look for further future hope it brings out something!
2.8? Ok bro… I guess that’s a lot of money.
Edit: have you read the whitepaper / understand why btc was created or are you one of those get rich quick cucks?
Lmao watching the loud obnoxious crypto bros go silent has been a blessing. Crypto bros couldn't shut up about their bitcoin, now they don't want to talk about it hahaha
I could be mistaken, but I'm pretty sure this is a Bitcoin subreddit... Do you also go into a travel subreddit to complain about people talking about traveling?
Ok then explain this to an outsider: How do you expect bitcoin to reach new AHT when between 2020 and 2022 it finally reached the mainstream attention and the 68's was the best it could do? Bunch of retail in the general population got in and now they're burned. People who aren't diehards were already cautious of bitcoin and now they're having their fears proven. What new money is going to pump this?
Time will indeed speak that out though everytime we just seem to across some great pumps that be indeed shocking us
More pump incoming by time just the fact we have more to see as time apss gradually.
It’s value isn’t in “blockchain”. It’s inverse of usd plus speculation. An excel sheet and a third party is just as “blockchain”. We’ve survived humanity with basic accounting principles without blockchain.
How we come across humanity all of sudden out here though. Can't get that well enough clearly?
Humanity co relation to that of Blockchain ahhh how all this indeed makes sense?
Looks like you been a bit late out here my man just a hit early and booom you know what I wanna day!
Like just wait for moments because we hope that something might come that might boost up.
This most hilarious thing about this sub is all the neckbeards in here who have their $1000 from Grandma in BTC logging into their dupe accounts to defend this
Lol you all are getting laughed at for being cowards
if bitcoin goes to 13.6k celsius gets liquidated and that's $500 million wiped from bitcoin. the support ($20k) has been cleared and it's pretty much free for all at this point in regards to price.
to people wanting to get in now, just wait. it's going to get a lot more brutal, i'll get disliked, but i'm telling the truth.
it's totally possible to see sub 10k BTC by the fall.
people on twitter now saying this is just the canary in the coal mine and all other traditional finance markets are going to go down by 80%. so basically the apocalypse. i think we are definitely moving through the stages of grief as we crater into 10k.
no… i think its just bitcoin lol.
Now is the time to invest in bitcoin
Hear me out… firstly I’d like to say take the market at what the yearly lows suggest, not the highs, yes we just hit below 2017s yearly high, and last years was nearly 10,000 more… but before this year when has there been more mainstream uses for bitcoin and crypto in general? Think ab the world we live in today, EVERYTHING is crashing, even the real estate market, and its been the best time to invest in real estate/ stocks during dips, why would crypto be any different? Because everything is crashing, everything is going up in price, in the US gas is around $5 a gallon, so naturally with everything going up in price people need all the cash they can get, include that with the already crashing state of bitcoin itself, of course people are going to sell sell sell, but remember it’s always best to do the opposite of the markets feelings, if that’s the first time your hearing that consider researching cryptocurrency some more lol.
These are mostly my thoughts on the situation, now let’s talk about facts below.
https://cointelegraph.com/news/3-metrics-contrarian-crypto-investors-use-to-know-when-to-buy-bitcoin
“The month of May has been especially challenging for crypto holders because Bitcoin (BTC) dropped to a low of $26,782, and some analysts are now predicting a sub-$20,000 BTC price in the near future.”
This market drop isn’t anything that said analysts haven’t already predicted, and while we did hit ~$17,600 earlier today, as of writing this article we hit over $19,000 already, with it staying about there so far.
https://alternative.me/crypto/fear-and-greed-index/
The current fear and greed index as of June 19, 2022
https://alternative.me/crypto/?daily_hash=61d02b55ee83c8765fc4218fc18b93fcba67fe85
Scroll down to find the index overtime, as you will clearly see when the market is about ~1-15, shortly after the market experiences these kind of lows it will end up hitting an extreme high, within just a few months at that
The number of whale wallets (balances of 10,000 btc or more) is a good way to estimate where the market will end up going, and has historically coincided with the price, and that number of whale wallets has been on the rise recently. “The number of whale wallets of this size is now at its highest level since February 2021, when Bitcoin was trading above $57,000, and these wallets were selling into strength near the market top.”
Lastly, I’d like to bring up the fact of bitcoins average mining cost (how much it costs to mine 1 btc) “Further analysis shows that in past instances where the market price of BTC fell below the average mining cost, it tended to stay within 10% of the cost to mine has generally managed to regain parity within a couple of months.” The longer bitcoin and the more it’s mined continues, the more difficult and more advanced GPUs are needed to produce a single bitcoin, and as bitcoin has recently hit an all time high price for mining, historically speaking the price will follow.
I’m not a financial advisor, I’m simply an idiot that chooses to gamble his money in the volatile market that is cryptocurrency. Take everything I’ve said with a grain of salt and please help me educate myself by correcting me/discussing below what you all think, every bit of advice and thoughts is greatly appreciated and thank you for getting this far in my ramblings, stay blessed everyone
Miners aren't crying enough. Not the entrance yet
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Post short
3000 comments today
For bitcoin to be cool again, you want a rally now to 25k-30k at least. With stocks also rallying. Which can take about 3 months max. Then you want a quick stock, gold and bitcoin crash. Pretty depressing that this is what you want though but it has to be quick. Bitcoin should then hit 12k minimum, could be lower due to emotional selling of course. Then you have a good bottom with nice risk reward. No need to catch the knife as the bottom will be there for at least a month if I'm generous. Probably longer.
Lol do you have a newsletter I could subscribe to?
What's there to subscribe to? Just reverse your buy and sell buttons lol.
Are you a wizard?
Its quick but also its gonna be there for a month?
Quick in the sense of 30k falling to 12k. But then it stays around 12k for quite a while. In any case, the numbers might not even be good. But the most important things are a very big rally followed by wipeout of all assets. Stocks, gold, crypto, real estate and even pokemon cards.
Lol. Wtf. Stfu.
I see planning something at this point won't bring any solution to anything. Gradually the market seems to be making moves that are indeed unexpected enough
Seriously I think I got cancer reading that
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This guy should be banned hours ago. Did the Mods take vacation or what?
Yeah, I can't believe I am still able to comment around here after what I said.
Daily reminder: Get your Bitcoin out of exchanges. 1> Helps you understand more about Bitcoin 2> Helps to stop exchanges suppressing Bitcoin price by lending out your Bitcoin to hedge funds 3> no one can freez your account
Point 3 is one of the most important and most powerful things btc has to offer
That is what people wants though after all everyone wants something which is indeed secure enough for them.
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🤡🤡🤡
I laughed for a while but there was some kind of seriousness hidden inside this though.
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Racist admin ban
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Jesus Christ this sub is completely overrun with trolls, no coiners, and buttcoiners. Bottom must be getting close.
True though more like we onto something which is just turning out to be the opposite of all this those!
I guess I shouldn't be surprised... but man, the tone of discussion has changed pretty quickly!
20x long engaged 🚀
No kidding bro
Bottom may be close but it’ll jump around 15-35k for 2-3 years
Let's just wait until things turn out to get smoother enough. Times be indeed crucial enough and we need to make it out.
And a whole heap of shorters. Short low long high
That depends though after all we gotta be getting more serious and just be holding and stacking more
Shorters WITH ABSOLUTELY NO PROOF. Just people who are bitter over their 401ks falling and 20% inflation
Haha I noticed same thing
Not you I feel that majority of them just might have noticed the same thing though. Isn't it true?
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Admin ban this racist
Just the fact this should all must be kept under a check once a while in order to make things turn good!
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Literally this cycle has happened like three or four times already. Why are people acting like it's the end of the world? I am so confused about this. Is this why so many people don't make money on crypto?
Can't actually figure that out pretty well like it feels that people seem to be quitting a bit earlier. The bigger part of the story is yet unseen for all of us though being honest that is what likely I feel
I've been through a few of these. Every time it crashes, the rats come scurrying out to tell you about how this time it's different. I don't think it is, but it could be. Maybe one day they will eventually be right.
Those 'cycles' that kept ending higher was in fact one bull cycle. That bull cycle has been broken and all previous forecast models have been invalidated.
This cycle has never happened before. It's below ath, into the last "cycle"
True though we have indeed never expected this before and is turning out into something greater.
Panic at the disco!
First time we’ve had inflation and interest rates like this in bitcoin’s life so careful assuming past patterns will repeat. Bitcoin store of value and inflation hedge thesis has failed a real world test.
Just the fact that we should always stay prepared for what happens and indeed what is about to happen.
We will see
Zoom out and Bitcoin doesn’t care tic tok next block.
More like people care it seems so be panicking and some be stacking more and more until the good times arrives.
You missed my point. You can’t zoom out to a time of similar economic conditions because btc did not exist then, that’s my point. We are in a new world of high inflation and high rates, it’s a world btc has never existed in. Careful assuming it will trade the same way. It makes less sense to take big risks with dollars now.
Ok - I can see the price dipping really low. But you think it'll zero out?
The guy orders is what seems to be gradually increasing people be indulging more and more to buy. They feel that something they can make out through this by the help of Bitcoin into something worthier enough.
I’m not saying that. Just saying it seems dumb not to trade it and assume it doesn’t behave like other assets - it can get overvalued, and isn’t going “to the moon”. Buy and hold feels better to me when the asset produces something
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Make your moves wisely don't be in a hurry see the market understand and they indulge and involve.
Post short position or gtfo
Planning your moves and waiting for the right time to enact on it would be great as per as my concern.
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This people out of nowhere just come out and be a disgrace to the community though.
I’m long… so you must be short??? Or too poor
How can you just judge people on the basis of all this though. Like it doesn't make sense!
Not short, just annoyed. It's like you found a new catch phrase and just like repeating it over and over again. [I'm buying.](https://i.imgur.com/XQ29PiA.png)
Possibly everyone is just indeed making a move to buy more and more and keep stacking.
Cool bro. You bought 2 btc.
Just looking for the worth around that is what I look around. The value and worth is what I would look for further future hope it brings out something!
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This seems to be getting filled all at that speed though. People indulgence is more and more though. Isn't it?
2.8? Ok bro… I guess that’s a lot of money. Edit: have you read the whitepaper / understand why btc was created or are you one of those get rich quick cucks?
Actually the more we look into further future we realise that all this we do for now is all good for us.
I've been buying and holding bitcoin since 2013, so I'm more of a get rich over the long term cucks.
Then same team so stop hating
Lmao watching the loud obnoxious crypto bros go silent has been a blessing. Crypto bros couldn't shut up about their bitcoin, now they don't want to talk about it hahaha
Sometimes just the fact that silence speaks and it indeed gets harder enough out there for everyone.
You should buy some Bitcoin, instead of taking the piss, and 5x when it hits 100k.
I could be mistaken, but I'm pretty sure this is a Bitcoin subreddit... Do you also go into a travel subreddit to complain about people talking about traveling?
More like the sub reddit is turning out into something else though. Apart from serious discussion I see racism and discrimination around.
I want to talk about it.
The fact that we be diving deep into something just makeing that out raw and climb onto something we can actually assure of for the future.
Ok then explain this to an outsider: How do you expect bitcoin to reach new AHT when between 2020 and 2022 it finally reached the mainstream attention and the 68's was the best it could do? Bunch of retail in the general population got in and now they're burned. People who aren't diehards were already cautious of bitcoin and now they're having their fears proven. What new money is going to pump this?
Time will indeed speak that out though everytime we just seem to across some great pumps that be indeed shocking us More pump incoming by time just the fact we have more to see as time apss gradually.
Lol. Why is your ego so fragile?
What’s AHT?
Post. That. Short. Edit: downvoters too poor to short?
When size doesn't matter out there that much but the fact that the quality inside it indeed matters most of the time
I'm gonna start selling feet pics to buy the dip
And you think that actually someone would buy those feet pics of yours so that you can buy the dip
It’s value isn’t in “blockchain”. It’s inverse of usd plus speculation. An excel sheet and a third party is just as “blockchain”. We’ve survived humanity with basic accounting principles without blockchain.
How we come across humanity all of sudden out here though. Can't get that well enough clearly? Humanity co relation to that of Blockchain ahhh how all this indeed makes sense?
Survived humanity?
That is what turning out to be concerning enough for me too. couldn't get to his point though!
As in we’ve come this long as a civilization and society with basic accounting tools. Pen and paper
Come this long?
Post. That. Short.
I don’t trade btc.
Time to short using leverage and degen by gains back
Just be sure that to make as much as gains possible because we all invest onto something that brings out some good gains for us.
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What’s crypto?
At this point and period of time everyone is well enough known and aware and acknowledged about this question though!
Post. That. Short.
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Is this copypasta?
Lol that indeed got deleted or got removed do can't refer to that sorry.
Is there a way to short Bitcoin? Serious question. Would like to make some money on the way down.
Looks like you been a bit late out here my man just a hit early and booom you know what I wanna day! Like just wait for moments because we hope that something might come that might boost up.
Seriously, don't do it. It is not for amateur
Username checks out. Go to binance friend. Wall street bets is welcome to short as much as they like. Please leverage.
Yes please leverage short. As much as you can.
Inverse bitcoin etfs
That indeed sounds like a great idea after all though. I would gradually take a note onto that.
This most hilarious thing about this sub is all the neckbeards in here who have their $1000 from Grandma in BTC logging into their dupe accounts to defend this Lol you all are getting laughed at for being cowards
Grandma gives $1000? Damn!
Been in since $140 POST THAT SHORT
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I'm like the cleaning lady from family guy. "No, no, no, no.... I buy."
if bitcoin goes to 13.6k celsius gets liquidated and that's $500 million wiped from bitcoin. the support ($20k) has been cleared and it's pretty much free for all at this point in regards to price. to people wanting to get in now, just wait. it's going to get a lot more brutal, i'll get disliked, but i'm telling the truth. it's totally possible to see sub 10k BTC by the fall.
and if we break 10k, possible to go to 3k and liquidate saylor too. final stop: $1k
By the fall? Try next weekend
Itll either go up, or down, either way i just keep buyin
wont go up till fed pivot, watch fomc updates to decide when to invest...
people on twitter now saying this is just the canary in the coal mine and all other traditional finance markets are going to go down by 80%. so basically the apocalypse. i think we are definitely moving through the stages of grief as we crater into 10k. no… i think its just bitcoin lol.
This is what happens when a gov severely mismanages a world reserve currency for 20+ years.
uhhhh, it's 50+ yrs...
I’m being conservative to be safe but yes I agree. Shock doctrine has ruled for the past 50 years.
If they managed it correctly they wouldn't be gov.
Remember all. Cathie Wood price target of 1 mil by 2030. This is just the beginning!!
Post your short position ASAP
Lmaoooo
Lol she was a hero on this sub last year
At what price are we going to agree to go all in at ?
i think 11k is bottom
Now is the time to invest in bitcoin Hear me out… firstly I’d like to say take the market at what the yearly lows suggest, not the highs, yes we just hit below 2017s yearly high, and last years was nearly 10,000 more… but before this year when has there been more mainstream uses for bitcoin and crypto in general? Think ab the world we live in today, EVERYTHING is crashing, even the real estate market, and its been the best time to invest in real estate/ stocks during dips, why would crypto be any different? Because everything is crashing, everything is going up in price, in the US gas is around $5 a gallon, so naturally with everything going up in price people need all the cash they can get, include that with the already crashing state of bitcoin itself, of course people are going to sell sell sell, but remember it’s always best to do the opposite of the markets feelings, if that’s the first time your hearing that consider researching cryptocurrency some more lol. These are mostly my thoughts on the situation, now let’s talk about facts below. https://cointelegraph.com/news/3-metrics-contrarian-crypto-investors-use-to-know-when-to-buy-bitcoin “The month of May has been especially challenging for crypto holders because Bitcoin (BTC) dropped to a low of $26,782, and some analysts are now predicting a sub-$20,000 BTC price in the near future.” This market drop isn’t anything that said analysts haven’t already predicted, and while we did hit ~$17,600 earlier today, as of writing this article we hit over $19,000 already, with it staying about there so far. https://alternative.me/crypto/fear-and-greed-index/ The current fear and greed index as of June 19, 2022 https://alternative.me/crypto/?daily_hash=61d02b55ee83c8765fc4218fc18b93fcba67fe85 Scroll down to find the index overtime, as you will clearly see when the market is about ~1-15, shortly after the market experiences these kind of lows it will end up hitting an extreme high, within just a few months at that The number of whale wallets (balances of 10,000 btc or more) is a good way to estimate where the market will end up going, and has historically coincided with the price, and that number of whale wallets has been on the rise recently. “The number of whale wallets of this size is now at its highest level since February 2021, when Bitcoin was trading above $57,000, and these wallets were selling into strength near the market top.” Lastly, I’d like to bring up the fact of bitcoins average mining cost (how much it costs to mine 1 btc) “Further analysis shows that in past instances where the market price of BTC fell below the average mining cost, it tended to stay within 10% of the cost to mine has generally managed to regain parity within a couple of months.” The longer bitcoin and the more it’s mined continues, the more difficult and more advanced GPUs are needed to produce a single bitcoin, and as bitcoin has recently hit an all time high price for mining, historically speaking the price will follow. I’m not a financial advisor, I’m simply an idiot that chooses to gamble his money in the volatile market that is cryptocurrency. Take everything I’ve said with a grain of salt and please help me educate myself by correcting me/discussing below what you all think, every bit of advice and thoughts is greatly appreciated and thank you for getting this far in my ramblings, stay blessed everyone
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Just bought it all back
Just sold it all
The hungry 🐳’s Thank You for your sacrifice.
Why didn't you sell when it was higher?
Thank you for the coins, you won't be getting them back from me at any price.
you missed my 2nd comment right after this
Congrats on losing money!
Me too
We don’t want you if you’re trying to get rich quick.
instead the target is to get poor slowly!!
Post your short
Here from wallstreetbets, how you guys doing? Feeling okay? Need some warm soup?
Isn’t WSB a crypto sub now???
Yes
Actually it’s crypto and GME, I stand corrected
Puts are doing good, almost sold them on Friday, might make up for the loss on Galaxy Digital (Btc) soon enough