$ (BTC) The Bitcoin Thread - NO SHITCOINERS ALLOWED

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Henry V said:
What do you guys think is causing this crypto crash?
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Solana lost 40% because 40% of all trade was just memecoin scams, most of the other blockchain besides btc are more or less the same. Then there's tether which is backed by nothing and a literal musical chairs scheme to pump btc up. Then there's the inflation numbers which are not great and that means cheap money for "investment" (aka: crypto gambling) might not be coming back.
 
TheCuntler said:
Is there a reason for the dip?
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Michael Saylor and all the politicians trying to start BTC reserves needed the price to go down so made a few nice calls. They dumped all their ETH too since people like Trump and Larry Fink gotta buy the dip.

So far it's been nothing but down, down, down ever since Trump was inaugurated. Interesting that the price of bitcoin on the day Biden was inaugurated was $35,553.55 and on his last day in office was $102,608.98 and in just 6 weeks we're down almost 14%. All of this despite state and national bitcoin reserves popping up everywhere, the SEC dropping or settling lawsuits against Coinbase and other exchanges, and mostly good news everywhere.
 
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Save the Loli said:
So far it's been nothing but down, down, down ever since Trump was inaugurated. Interesting that the price of bitcoin on the day Biden was inaugurated was $35,553.55 and on his last day in office was $102,608.98 and in just 6 weeks we're down almost 14%. All of this despite state and national bitcoin reserves popping up everywhere, the SEC dropping or settling lawsuits against Coinbase and other exchanges, and mostly good news everywhere.
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Yeah, something fucky is ging on. The memecoin bullshittery definetly didn't help, but it seems to disconnected from btc to create such a reaction, but who knows. Especially when, like you mentioned, many positive things are happening in the crypto space.

Memecoins are a poison for everything crypto.
 
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Save the Loli said:
So far it's been nothing but down, down, down ever since Trump was inaugurated. Interesting that the price of bitcoin on the day Biden was inaugurated was $35,553.55 and on his last day in office was $102,608.98
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Don't forget it crashed to 16k (thanks FTX) during Biden's term and barely limped back up to 70k-ish through the duration (thanks operation chokepoint 2.0). Trump was most certainly the cause of all the recent all time highs. But the reality that Trump isn't quite the magic-BTC-number-go-up-president people thought he would be is why we crabbed for so long. That and the normal manipulation by the OTC buying mega whales. This current dump, however, is market wide. Not just crypto. This smells of a shake out so that the ultra wealthy can get in on some cheap everything.
 
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OH NO NIGGER AHHAHAHA
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broke 81k lol I do find this entertaining

Edit broke 80k LMAO even

edit 79k muhahaha
 
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