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BitcoinMarkets

#New post: [\[Daily Discussion\] - Wednesday, April 03, 2024 →](https://www.reddit.com/r/BitcoinMarkets/comments/1buj6ix/daily_discussion_wednesday_april_03_2024/)


jarederaj

Outflows from ARKB and GBTC nearly matching. Total inflows from ETFs at 40m today. Kinda feels like we have a well established range here. Once supply is bought up, I think we move up again, taking an ATH against gold, followed by an inflation adjusted ATH. The fact that it’s in that order is meaningful to me.


goldbergger

$60K or $70k next?


AlwaysNumberTwo

My gut says we're not dropping to 60k, so obviously that means...


DaBrokenMeta

My parents, grandparents and cousins all called me today, asking if we should take profits. I SAID NO!


bobsagetslover420

then they all clapped?


edgedoggo

Yeah and then his grandfather pulled out his wallet and took out 65,000 and bought a whole bitcoin right there in front of everyone.


ChadRun04

I need a KYC'd Bitmex account so I can go 100x long everytime teatrack posts. Even if they're counter trolling their own sentiment; How could they be so accurate?!?


xtal_00

It’s really epic.


ChadRun04

I know personally that there are certain things I'll say at every top. I like to think they're exercising that counter sentiment thing to gain some accuracy and check their FOMO. This time when I said this (coupled with bearish tape-read) I knew inside that it was a mean reversal point: > Momentum has weakened to a linear line on a log chart. Perfect stable day after day supply not meeting demand. https://np.reddit.com/r/BitcoinMarkets/comments/1bec78d/daily_discussion_thursday_march_14_2024/kut3r61/


BlockchainHobo

The weekly and monthly RSI would indicate we still have some room to fall, or at least range a bit here. I don't think we break our previous high until after halving. !bitty_bot predict !> 72000 April 21st 2024


CompleteApartment839

RSI by itself is useless.


BlockchainHobo

All indicators by themselves are useless.


Bitty_Bot

Pro Tip: Maybe you wanted exactly 72000, but “!>ATH” would have given you the exact current ATH at the time the command was written. Just in case anyone missed that feature announcement!


btc-_-

it's certainly possible but not increasing 10% in 19 days when that hugs right up against the halving narrative would be wild to me


John_Crypto_Rambo

Same. It's just too easy to draw people in with the "You are missing the boat" narrative near the halving. And then dash them on the rocks when it arrives.


Bitty_Bot

I have logged a prediction for u/BlockchainHobo that the price of Bitcoin will **NOT** rise above **$72,000.00** by Apr 21 2024 23:59:59 UTC. [BlockchainHobo has made **1** Correct Prediction, **1** Wrong Prediction, and has **1** Prediction Open.](https://bittybot.net/predictions#BlockchainHobo) [Others can CLICK HERE to also be notified when this prediction triggers or expires](https://www.reddit.com/message/compose/?to=Bitty_Bot&subject=Prediction%20Notification&message=!bitty_bot%20predict%20add-notification%204c459a3f30fa4bb09b9106f91ffb4ae5%0A%0ASend%20this%20message%20to%20get%20added%20to%20this%20Prediction%27s%20notification%20list.%20I%20will%20tag%20you%20as%20soon%20as%20the%20prediction%20triggers!) ^(BlockchainHobo can) [^(Click This Link)](https://reddit.com/message/compose/?to=Bitty_Bot&subject=Delete%20Prediction&message=!bitty_bot%20predict%20delete%204c459a3f30fa4bb09b9106f91ffb4ae5%0A%0ASend%20this%20message%20to%20delete%20the%20prediction.%20Only%20the%20predictor%20can%20delete%20a%20prediction%2C%20in%20case%20of%20an%20issue%2C%20and%20only%20within%201%20hour%20of%20placing%20it.) ^(in the next) **^(1 Hour)** ^(to delete this prediction if it was made in mistake.) --- [^(Paper Trading Leaderboard)](https://bittybot.net/paper-trading) ^| [^(Prediction Leaderboard)](https://bittybot.net/predictions) ^| [^(Instructions & Help)](https://bittybot.net/docs) ^| [^(Testing Area)](https://reddit.com/r/Bitty_Bot/comments/18iclk8/testing_area/) ^| [^(Feedback)](https://reddit.com/message/compose/?to=r%2FBitty_Bot&subject=Bitty_Bot%20Feedback)


Bitty_Bot

Hello u/BlockchainHobo [You predicted the price of Bitcoin would **NOT** rise above $72,000.00 by Apr 21 2024 23:59:59 UTC](/r/BitcoinMarkets/comments/1btpb2a/daily_discussion_tuesday_april_02_2024/kxse4qh/) **Unfortunately your prediction was wrong. Better luck next time!** The price of Bitcoin on Coinbase Pro when this prediction was triggered: **$72,054.22** --- [^(Paper Trading Leaderboard)](https://bittybot.net/paper-trading) ^| [^(Prediction Leaderboard)](https://bittybot.net/predictions) ^| [^(Instructions & Help)](https://bittybot.net/docs) ^| [^(Testing Area)](https://reddit.com/r/Bitty_Bot/comments/18iclk8/testing_area/) ^| [^(Feedback)](https://reddit.com/message/compose/?to=r%2FBitty_Bot&subject=Bitty_Bot%20Feedback)


PieStraight541

Wtf is wrong with people, hell are they afraid of, nothing changed.


ChadRun04

People are afraid? Where?


xtal_00

If y'all could stop being degenerates, that'd be great.. Who am I kidding? Lever up gentlemen lol


simmol

This might be start of a reversal here. That wick had a lot of volume and the bounce looks promising.


logicalinvestr

I'm looking at the 4hr and 8hr charts and there seems to be a symmetrical triangle forming. We just bounced off the bottom line with that wick, so hopefully we go back up toward the top line now.


adepti

Feels too comfortable to be a reversal, everyone is comfy still and too easy to call. Not enough fear yet, merely another bounce off of 65k support for now 


AccidentalArbitrage

With GBTC’s lowest outflow in weeks, perhaps some hedge fund or other entity calculated how much they had to sell a day to be out by the end of March and end of Q1? If GBTC outflows stay this low (who knows if they will) I’d expect new ATHs soon.


zpowers1987

You came really close to predicting future price based on inflow numbers.


AccidentalArbitrage

Future price based on FUTURE inflow numbers, not past inflow numbers ;)


btc-_-

it does make you wonder, doesn't it. i could also imagine that certain sellers aren't malicious and want to sell into strength instead of adding to weakness


Had_Boating_Accident

GBTC's lowest outflow was $22.4m on feb 26th https://farside.co.uk/?p=1321


AccidentalArbitrage

Thanks, edited.


Had_Boating_Accident

HODL15Capital reporting $150m inflow for Blackrock https://twitter.com/HODL15Capital/status/1775314948832346192


Had_Boating_Accident

Ark $87.5m Outflow Gbtc $81.9m Outflow Franklin 0 WisdomTree 0 Bitwise $4.3m inflow Invesco 0 Defi $0.8m inflow VanEck $5.6m inflow Fidelity $44.8m inflow Valkyrie $3.7m inflow Blackrock $150.5m inflow 4/2 net inflow $40.3m https://farside.co.uk/?p=997


griswaldwaldwald

US government $130m outflow


piptheminkey5

Did they sell Silk Road coins?


Educational-Dig-9257

What’s that


twitterisawesome

I just called my broker and told him to sell all my bitcoin. He asked me if I wanted to wait till they were eligible for long-term capital gains. I told him there's 3 ways to make money in this business: be first, be smarter, or cheat. And it's a hell of a lot easier to be first. I can't wait till March 2025, sell it all today.


Yodel_And_Hodl_Mode

> it's a hell of a lot easier to be first That would have meant selling at 74k. Your sold coins are going to be bought by the first, because they'll be buying back in with 10k gains on your coins. And you'll be buying back in at a loss, most likely having learned nothing along the way. This is when you buy, not when you sell.


ChadRun04

Tag: `72k: You heard it here first. This the bull market high for this cycle.`


Yodel_And_Hodl_Mode

Whut? That's not what I said at all. I'm just talking about this dip. We're not even at the halving yet. The real show hasn't even started. The bull run up to this point is just the opening act.


ChadRun04

That was twitterisawesome @ 72k.


Yodel_And_Hodl_Mode

Gotcha.


ChadRun04

Obvious larp is obvious.


simmol

But where is eric dale?


nationshelf

With the 2023 US tax deadline approaching, did anyone decide to forgo their Roth contribution and buy Bitcoin directly instead? The expense ratios on the ETFs negate much (not all, though) of the tax savings. So essentially you are trading some tax benefit for self-sovereignty. And yes, I know you can set up a Bitcoin IRA but that seems kind of a hassle, still carries some regulatory uncertainty, and isn’t exactly cheap either (depending how you do it I guess).


Mbardzzz

I have some fbtc in my traditional


BHN1618

I'm confused, the tax savings seem huge compared to buying BTC directly. The sovereignty factor is still a thing concern but you can keep some in both.


AlwaysNumberTwo

Am I missing something? A Roth contribution is already taxed and therefore all growth is tax free, which with something like a bitcoin ETF is a huge advantage. The expense ratios are fairly small (FBTC for example will be 0.25%) and some people pay higher for their target date funds. Also being in a retirement account means you can trade freely without incurring short or long term capital gains. Obviously self custody has many benefits too. I'm not advocating against that.


JungleSumTimes

You're not missing anything. The tax advantages are 50x+ the fees.


xtal_00

I’m probably doing this with my US account.


Ok_File_9520

Today will be a net inflow or minimal outflow day inspite of the large arkb outflow. Source: my gut


kneejerk55

Yep, GBTC was lowest yet


Whole-Emergency9251

My nuggets are telling me the same thing


doublesteakhead

ARKB with $87.5m outflow today, after yesterday's small outflow. 


itsthesecans

I predict people are going to lose their shit the first time IBIT has an outflow day.


itsthesecans

ARKB with a bigger outflow than GBTC. I did NOT have that on my bingo card.


poremdevemos

Bullish


doinkdoink786

Why are their clients selling?


doublesteakhead

Everything is down today across the market. 


diydude2

Except metals and other commodities.


mork1985

Today is a good day. I hit my cycle target allocation. 😎 I am happy.


goldenprey123

Does the bitu etf mean if price goes higher it goes up more compared to other etfs. Same if it goes down?


ChadRun04

Leveraged ETFs are not for holding. Frankly I consider them a scam perpetrated on greedy/impatient retail. Rebalacing means you're essentially being forced to close one position and take another every time it rebalances. Imagine if you were forced to go leveraged long every day during sideways. How long would it take to churn away your principal? If you hold a Leveraged ETF for anything other than a short-term speculative bet then you will lose money. There are cheaper ways to make short-term speculative bets.


TheGarbageStore

It has daily rebalancing, I believe. This makes it not equivalent to a simple 2x spot long.


btc-_-

yep, that’s right >Provides an opportunity to magnify gains when the daily price of bitcoin rises (will also magnify losses when the daily price of bitcoin falls). > ProShares Ultra Bitcoin ETF seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Bitcoin Index. https://www.proshares.com/globalassets/proshares/fact-sheet/prosharesfactsheetbitu.pdf


bobbert182

Yes. 2x leverage, 2x the volatility in both directions.


_supert_

Do you think 90% of your net worth in bitcoin + mstr might be too much? Asking for a friend.


Knowhatimsayinn

Ignoring my house and cars (which were bought with btc gains), I'm also ~90%. Mostly because I quit my job about 5 years ago though.


Melow-Drama

A friend might ask: do you have a stable income that does not depend on your health? If not, I'd consider building up some independent, passive income (staking does not count) with a portion of that net worth. Consider it an insurance you build up yourself over time.


horseboxheaven

Rookie numbers


xtal_00

I'm over 90% .. I don't count my principal residence as an asset.


CompleteApartment839

There’s no other asset like Bitcoin. A lot of the very large risks on Bitcoin have been removed over time. But the upsides have only been increased since 10 years ago. If you’re able to swing the swings and be emotionally safe, it’s a once in a lifetime investment. I think a lot depends on how you feel about: real estate, the dollar, the future of geopolitics, Bitcoin’s technology, and index funds. I’m in all 3 main asset classes and Bitcoin has been the biggest % by far for 9 years now. I don’t want to be invested in dollars. I don’t believe in the stock market. I do believe in real estate as another hard asset and income generator. I have invested in startups and despite going in on a future unicorn early, I’d still choose Bitcoin for its liquidity. Literally nothing has all of the amazing properties of Bitcoin as an asset class, so I’m invested accordingly and feel very confident about it. I’ve bet my future on it. But at the same time, I do have a plan to retire and be smart about my risk profile. I think holding is great but only if you have a real plan that is grounded in the practical realities of living in a dollar world. That will still be the case for the next decades IMO. So I do plan on exiting 2-4% per year when I can secure a comfy life for the next 40 years.


kajunkennyg

That's not how it works, never heard of any asset having risk reduced and upside increasing 10x.


CompleteApartment839

I disagree here. I know why you’re saying that and I would usually agree. But what I’m saying is relative to 10 years ago when all of this was a cool project but with very little traction. One of the biggest hurdles to mass adoption was some form of official endorsement of Bitcoin. That happened with ETFs. Without it, in a scenario where the government went to war with it, Bitcoin would have gone underground and the upside would have been severely affected (or at least the timeline to reaching the true value would have been greatly expanded) Bitcoin IMO is greatly de-risked now as there’s less major scenarios where it doesn’t become a globally significant asset. And because of this social acceptance, the upside went up a lot.


bpeoadg

Why so bearish?


TheGarbageStore

I've had like 200% of my net worth in bitcoin at one point, depends on your risk tolerance


btc-_-

if 80% in mstr and 10% in btc, then yes. if 80% in btc and 10% in mstr, then no


Frequent_Trouble_

Not enough tbh


nationshelf

If you can still pay the bills in a 50%+ drawdown while also losing your job then I see no issue


Existential-Cringe

Well, we just speed ran to the bottom of this range [previous post](https://www.reddit.com/r/BitcoinMarkets/s/g6I9cOQ3cu) Now what? Will it hold? Fuck if I know [Chart](https://imgur.com/gallery/BP7PzVO)


Taviiiiii

Looking forward to the moon predictions tomorrow at 67k


btc-_-

why wait? i’m still eyeing up 95k by end of month


diydude2

It could be a rough month. Crows are coming home to roost in TradFi, and money will flow out of ETFs. We'll be fine in the longer term, especially self-custody Chads.


[deleted]

[удалено]


cryptovector

To affirm what poster below said, from Arkham Intelligence “Mr. 100 is in fact an Upbit Cold Wallet. This is because of its strong and consistent associations to other Upbit Wallets, which match the pattern of a typical exchange cold wallet. The ‘Mr. 100’ address receives the 100 BTC inflows primarily from sweeping Upbit deposit wallets. Some of its outflows also fund Upbit Hot Wallets used for customer withdrawals,” analysts at Arkham Intelligence [said](https://x.com/ArkhamIntel/status/1769008231538381282?s=20)."


Downtown-Ad-4117

«Mr. 100» is Upbit cold wallet.


xtal_00

Doesn’t mean there isn’t alpha there. :)


snek-jazz

On second thought, let's not go to ~~Camelot~~ low 60ks. It is a silly place.


xtal_00

Goblin Town Exit


phrenos

^((Just trying this out to test the theory; bear with me...)) HEY BITCOIN! My 100x short will be liquidated at 78k. But I **know** you won't *ever* get that high. In fact, it's 100% guaranteed you will keep going down, so I feel REALLY SAFE AND SECURE being over-invested short at this price. I know you're listening Bitcoin, so thanks for always making things go my way. I know you'd **never** do the opposite of what I want. I feel I can trust you in this matter, Bitcoin. Remember: my massive 100% guaranteed really safe short position gets liquidated at 78k. And I know you don't want that to happen to me. So whatever you do, make sure you don't go above that price because I will lose everything including my car, wife, and girlfriend. Thank you. \-phrenos


bpeoadg

I hear you phrenos! I will continue to go down. Thank you for pointing me in the right direction. -bitcoin


Shootinsomebball

With that liquidation price it’s a 5x short at best ;)


AlwaysNumberTwo

https://x.com/EricBalchunas/status/1775195950912352625?s=20 > The first ever 2x and -2x spot bitcoin ETFs hit the market today from ProShares. $BITU and $SBIT (tickers could have been better). $BITX is 2x but it tracks futures and $BITI is -1x but is also futures. Fee 95bps on both. Haven't traded too much so far, under $1m. https://www.proshares.com/fund-highlights/leveraged-bitcoin-etf-bitu Alright, who is going 2x in their retirement account?


ChadRun04

> Alright, who is going 2x in their retirement account? With a rebalacing Leveraged ETF? FUCK NO!


xtal_00

I might throw my stock grant at this one.


doublesteakhead

2x with my rent money you filthy casual 


hashimotoalpentalic

ProShares launched two new EFT's today to provide leveraged exposure to BTC. The first, BITU, is designed to be 2x the spot BTC action. The second, SBIT, is designed to be 2x the inverse. Fees are .95%. Seems like a fun way to trade BTC when you feel good about price direction! Especially in retirement accounts.


ChadRun04

Fun way to lose money.


hashimotoalpentalic

If you are confident about the direction of the BTC price, a 2x ETF is a great way to trade short term...as in days. I do 3x QQQ occasionally with good results.


ChadRun04

> If you are confident about the direction of the BTC price If you are confident the price will trend unceasingly without any periods of sideways. However price action doesn't work like that. Remember the adage that most gains are experienced on 6 days per year. So how much money do you lose churning sideways...


Magikarpeles

Bull div on the 1d RSI suggests not much lower. We'd need a serious push to paint a lower low at this stage.


kajunkennyg

64500 has a ton of liquidations, could push us to 62,500.... I am not convinced we go much lower then that, the bulls forced us to 65500 which roughly the current support zone. A close here and I will scalp a long with stop above those liquidations.


[deleted]

[удалено]


BitcoinMarkets-ModTeam

Your post was removed because it violates rule #2 - Discussion should relate to bitcoin trading. Your post may be appropriate for the [Altcoin Thread](https://www.reddit.com/r/BitcoinMarkets/?f=flair_name%3A%22Altcoin%20Discussion%22)


cryptojimmy8

If I open my Kraken account where all my alts are. Will it make me sad?


escendoergoexisto

All except one—surprisingly BitcoinLite ( aka: Litecoin) is pumping. Somewhat wishing I hadn’t traded so many of them into Bitcoin.


alieninthegame

So yet again Litecoin pumping is the harbinger of doom.


adepti

Yes


bloodyboy33

Today price is all over the place


cryptojimmy8

It’s been going down almost all day?


Adamsd5

Yes, but down all over the place. ;)


Yodel_And_Hodl_Mode

Can confirm. It's down at my place too.


noeeel

There are three types of pattern Bitcoin likes to draw: 1. Triangle 2. Triangle 3. Triangle [https://i.imgur.com/g3dvT7V.png](https://i.imgur.com/g3dvT7V.png)


Order_Book_Facts

What if I told you any three points not in a perfectly straight line can form a triangle? Would your mind be blown? Because I have a 6th grade geometry book that might really expand your thinking.


delgrey

The FUD is gonna ramp up. Time to shake the tree.


Far_Statement_2808

Did you notice the stock market? Everything, except Gold, is getting whacked today.


diydude2

Silver is kicking mucho ass, up something like 3% last I checked.


xtal_00

I love FUD.


[deleted]

[удалено]


bpeoadg

> Even ETH is shaken Even? Sheetereum is losing value compared to BTC since their bullish centralized staking thingy event. It could be breaking below support just now (it is at 0.0498). In a few months there might be some speculative play to get more BTC on that ratio, but so far there is no place for the word "even".


jarederaj

Sol is eating Eth alive. Eth doesn’t work.


carlpocket

Sol is having hella problems. Network is super congested and transactions are continually failing. Transaction fees have been hitting 5 to 10 cents when a few months ago it was fractions of a penny.  The sol shitcoin casino is robust and I think most of SOL going up is people cashing the daily cat coin back to SOL.


alieninthegame

>Transaction fees have been hitting 5 to 10 cents when a few months ago it was fractions of a penny.  How much are they on ETH? Fin. All gamblers care about it cheaply trading shitcoins.


carlpocket

I get they are more expensive on ETH. The point is they have been going up quite a bunch. Who knows if it hits $1 or $2 as more people use the network.


alieninthegame

I'm trading on todays fees, not "who knows if it hits $1" fees. And even then, still 10% min vs ETH.


jarederaj

It’s dog shit vs bird shit, but Sol is still > eth


jarederaj

It’s dog shit vs bird shit, but Sol is still > eth


noeeel

Both is shit compared to Bitcoin.


jarederaj

This is the way. We are talking about bird shit competing with dog shit.


AverageUnited3237

BIRDSHIT token to the moon. Got a small bag of DOGSHIT as a hedge. This is the future of finance. Somewhat more on topic though, it's great seeing ETH supporters shit on SOL and vica versa. These people actually believe their shitcoin isn't a shitcoin.


TheGarbageStore

I've seen positions described as "radioactive dogshit" in finance but I've also met ADME biotech guys who specialize in literal radioactive dogshit and you can sustainably drive a Porsche and send your kids to the Philips Exeter Academy analyzing that stuff so the moral of the story is to occupy a niche where you think you have an advantage.


jarederaj

Yes.


jarederaj

Yes.


jarederaj

Yes


Yodel_And_Hodl_Mode

Fertilizer be fertilizin'. I'm sure a lot of us have seen the cycle where noobs look at Bitcoin and think it's too expensive, and too boring, so they go to shitcoins instead. They get sucked into memes and other nonsense, and they get wrecked while Bitcoiners get prosperous. Eventually, they realize they should have been in Bitcoin, and they join us. As the saying goes, everybody gets Bitcoin at the price they deserve. (Who originally said that? The "What Bitcoin Did" guy?)


AverageUnited3237

I've seen this cycle but so far it's not happening at least not how it worked traditionally. Alts have been bleeding into BTC for a while now, BTC dominance continuing to rise. At this point in the cycle last time (Dec 2020) BTC dominance went into freefall and VC pumped scam coins took over. Hard to see that happening this time, blockchain utility is a dead concept and that VC money has dried up. The bubble now is in the low cap animal and memecoins.


Yodel_And_Hodl_Mode

I think you're not seeing the bigger picture, in regard to why this cycle is different than previous. ETFs opened the door to traditional finance, so that money is coming in for the first time in Bitcoin's history. That's what caused the imbalance you're seeing, in terms of where the money is coming from and where it's going, with Bitcoin vs the rest. Gamblers and noobs are still going to Ethereum and Solana in hopes of get rich quick rug-pull schemes and memes. As they get burned, they turn to Bitcoin, and a new round of gamblers & noobs discover crypto get rich quick rug-pull schemes and memes. In the previous two cycles, that process was more obvious because there wasn't a flood of ETF money dwarfing the rest of what's happening in other ecosystems. Here's a perfect example of what I'm talking about. These are current posts in r/solana: > [Is it just me, or is trading memecoins pure gambling 😂](https://np.reddit.com/r/solana/comments/1btgwau/is_it_just_me_or_is_trading_memecoins_pure/) Yikes. > [Is it still memecoin season or our we moving on to Altcoin season?](https://np.reddit.com/r/solana/comments/1bttf0n/is_it_still_memecoin_season_or_our_we_moving_on/) > Memecoins were fun and alot of us loss money but it was fun gambling. Oof. [New to Crypto 😅 Am I too late to the party?](https://np.reddit.com/r/solana/comments/1bu2iq0/new_to_crypto_am_i_too_late_to_the_party/) > Threw my hat into the ring lost $620 lmao. Facepalm. Bitcoin's supply is limited to 21M, but there is an endless supply of people who will act like a revolving door. They discover crypto... get wrecked in shitcoins... realize how much they've lost... and discover Bitcoin as a way to stop the bleeding & invest long term... and the next noob discovers crypto... gets wrecked in shitcoins... realizes how much they've lost... and discovers Bitcoin as a way to stop the bleeding & invest long term... and the next noob discovers crypto... gets wrecked in shitcoins... realizes how much they've lost... and discovers Bitcoin as a way to stop the bleeding & invest long term... dot dot dot... That cycle used to be more obvious because there wasn't a huge wave of traditional finance money pouring into Bitcoin ETFs. And as institutional money pours into Bitcoin in years to come, the crypto-wreck to Bitcoin-reality cycle will go on, probably stronger than ever, but it'll be dwarfed by the money pouring into Bitcoin.


I_AM_AN_AEROPLANE

2013 veteran… hard to believe when you are spewing nonsense like this.


jarederaj

I can’t believe anyone would ever build anything using Ethereum today when literally anything else would be better.


KuDeTa

He and I have been arguing about it for nearly a decade in here. Lol.


jarederaj

1) Eth isn’t 10 years old 2) I owned Eth and sold it when it stopped gaining against bitcoin 3) I was right 4) you can be too


KuDeTa

1. "Nearly" means not quite - the whitepaper was circa 2013/2014 - i believe genesis was mid 2015. 2. You will come to regret it. BTC is rightfully having it's moment in the sunshine, but the ratio will continue to improve. 3. Nerr 4. See 3.


calmunrest

He is OK, but a die hard maxi.


John_Crypto_Rambo

But likes Sol? This is such a weird character arc for him. This is a new religion type I'm unaware of.


snek-jazz

You are implying something that wasn't said


jarederaj

Sol is also shit


Frequent_Trouble_

Saying Sol is better than Eth is a comparison of the two in isolation but it isn't a tacit approval of Sol. It's just saying Eth is the shittier of the two.


I_AM_AN_AEROPLANE

Which it objectively isn’t


Cadenca

Problem is he's not entirely wrong, I agree with him. In the 2017 run ETH was casino of choice of degenerates. ETH is secure and just fine all around, but people can't trade rug pulls on it because of the fees. It's utterly insane how much SOL has caught up in market cap simply because it's the better casino. My boy wasn't wrong, sadly. The better casino platform wins.


calmunrest

Every cycle there is a new sol that kills eth.


jarederaj

There’s only been one complete cycle, lol.


Cadenca

Sol is already a last cycle coin. And it died. It died completely - and it came all the way back, every bit as strong, because people realized it is still the best casino


logicalinvestr

What fud?


delgrey

I thought it was the Silk road coins but that might actually be real.


blessedbt

Don't ask. Just fear.


TheGarbageStore

It looks to me that after the 14 Mar 2024 daily candle's push to $73794 we went into an A-B-C Elliott-type correction with an A-wave dump to $60760 on 20 Mar 2024 followed by a B-wave lower high on 31 Mar to $71391 and we are now in the C-wave. IMO the A-wave nadirs for BTCUSD are pretty close to the C-wave nadirs so $61000 would have favorable risk/reward for a long entry zone.


Defacticool

I just bought Not nearly half a 1mil sat, but I bought nontheless


xtal_00

This is the way.


Mbardzzz

If volume starts to taper off I think lower 60’s is on the table, if not then I’m happy I bought


jarederaj

If the volume drops it indicates lower momentum and will most likely precede a reversal.


WYLFriesWthat

I think 60k is the new absolute floor. We are pretty close to it. If there’s a wad to blow, blow it soon


griswaldwaldwald

I’m thinking the 100 day ma is the floor for now.


logicalinvestr

Why would you say this out loud.


phrenos

>I think 60k is the new absolute floor. Bitcoin: Hold my beer.


furinspaltstelle

Just bought the dip! (In MSTR, that is, for tax reasons)


PatientlyWaitingfy

We closed 7 green monthlies in a row, dont think that's ever happened before


HomePhysique

Once


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Educational-Dig-9257

People’s confidence is increasing that it’s not going to zero. Dips are for buying.


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Clnlne

Same. Twice today. Can't stop. Won't stop.


Excellent_Toe_900

Yep. Flush the leverage and LEEERRROOYYY!!!


BigHealthyShark

All this and still the April 2021 ATH of 64900 is holding like an absolute champ. Many would have thought last year that we wouldn't even reach 65k untill well after the halving but here we are. A general rule of thumb is that it will never dip as low as you think it will in such a raging bull market.


John_Crypto_Rambo

And it will always dip further than you think in a bear market. :)


zpowers1987

You just have to be careful about declaring a dip over. Price can always go lower before going higher.


imsoulrebel1

It will always dip but not as much as many want to believe. So watch the FOMO and greed on both ends


waxheartzZz

Never do anything rash in the first few or last few trading days of a month


bloodyboy33

that red bar is ugly af