- Joined
- Jan 4, 2019
all that Hodl is finally paying off boys!!!
$ (BTC) The Bitcoin Thread - NO SHITCOINERS ALLOWED
- Thread starter CrunkLord420
- Start date
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- Sep 1, 2016
- Joined
- Feb 22, 2015
- Joined
- Jun 28, 2020
r/buttcoin is becoming funnier to read as bitcoin climbs to new highs.
For a subreddit that was made to mock bitcoin when it was still less than a dollar, you'd think they would stop for a moment and wonder if they were wrong
For a subreddit that was made to mock bitcoin when it was still less than a dollar, you'd think they would stop for a moment and wonder if they were wrong
- Joined
- Sep 1, 2016
- Joined
- Nov 12, 2019
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- Sep 1, 2016
Hope people are consistently updating their stop-losses. Dump's gotta be coming any minute now... right? If not tomorrow, I'm guessing something Monday morning when New York traders start their work day (I've noticed pumps/dumps often happen around 3-4am Pacific on Mondays, depending on weekend activity)
It appears we've just crossed a trendline that goes all the way back to 2012 that we've been below since Oct/Nov 2019. (I do grant that the right end could be bent up a hair and the line would still be valid, and we'd be just yet to cross it, but I've had these lines here for almost two years, except the bottom one that was added in March)
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- Joined
- Dec 17, 2019
Every 4 years the coin rises and then the next 3 years are a downward trend because people start selling this shit off. The coin was worth the same in December 2013 as it was in like april 2020. If you miss out, save up and buy in 2024
- Joined
- Sep 1, 2016
WTF are you talking about. It was worth $1000 in Dec 2013 and $7000 in April 2020. Even if 2013 was a typo, it was worth $1000 in Dec 2016 as well (Dec 2013 was peak until 2017, with a drop to $200 in between).
It does seem to have established a four year cycle, but it's the year after top that's shit. 2017 previous peak, 2018 shit the bed, 2019 and 2020 clawed back, 2021 has potential to be bonkers, and 2022 will possibly crash again. But if it follows the trend, the 2022 crash won't bring it down to where it is today. 2018 low after crash was about $3200, which was only first reached in June 2017 before the Dec 2017 spike.
If someone's missed out up until now, they might want to wait to see if the pump of the last couple days has a mini-crash, but 2022 likely won't be cheaper than today.
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- Joined
- Dec 17, 2019
I messed up the years trying to copypasta myself. Yes 2013 to 2016 was the example i was using.
Another bad thing is how bitcoin is now backed by thether which is a cryptocoin that functions like the dollar. And supposedly this firm has 30 billion in US dollars to match to a coin in its thether. If the SEC fucks them like they did ripple this whole thing goes boom.
hawaianlapulapu
kiwifarms.net
- Joined
- Jul 10, 2020
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- Jun 28, 2020
Saw this on biz and it made me wonder how filthy rich some of the old /g/ posters became.
I saw another one of some guy predicting an 8K bitcoin. Guess it's just a question of if they had the balls to hold through all of those big swings over the years
I saw another one of some guy predicting an 8K bitcoin. Guess it's just a question of if they had the balls to hold through all of those big swings over the years
- Joined
- Sep 1, 2016
If you had 1000 coins and saw the rise from $10 to $8000, I'd think you wouldnt be inclined to cash out all at once.
Ive barely got a minuscule fraction of that and i might sell a bit end of next year if it hits $50-70k, but I wont be "cashing out" (except maybe for trading purposes if the 2022 crash looks imminent, and even then I'd probably lean toward a leveraged short). I'm not really joking about holding until a satoshi = a penny (and four years after that it might just = a dollar).
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- Joined
- Jun 28, 2020
I think I'm gonna offload some at 30 and then most around 50.
Might keep some just incase reality stops making sense, and this shit actually goes to 1 million a pop.
- Joined
- Sep 1, 2016
"I think I'm gonna offload some at $30.00 and then most around $50.00.
"Might keep some just incase reality stops making sense, and this shit actually goes to $1 thousand a pop."
This isn't reality.
This is Clown World.
ETA: new ATH tonight.
"Might keep some just incase reality stops making sense, and this shit actually goes to $1 thousand a pop."
This isn't reality.
This is Clown World.
ETA: new ATH tonight.
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Marvel Cinematic Universe
kiwifarms.net
- Joined
- Aug 27, 2019
This seems more like a celebratory bull run due to the fact that the boomers didn't die off en-masse to COVID-19. There's enormous greed happening at the moment, this shit is all over normie news. Unfortunately I think we're going to see a repeat of 2017-2018 where the inevitable sell-off occurs as a lot of retards have made back about 400% of their investments from the crash in March and want to cash out.
This will leave the boomers holding the bag (again) and will cause a panic sell-off. I hate to be a doomsayer but I'm trying to live in reality where 99% of BTC purchases are made purely from greed and with zero knowledge of the blockchain
This will leave the boomers holding the bag (again) and will cause a panic sell-off. I hate to be a doomsayer but I'm trying to live in reality where 99% of BTC purchases are made purely from greed and with zero knowledge of the blockchain
- Joined
- Sep 1, 2016
Cryptos R Us did a recent video talking about how institutions (I believe PayPal was mentioned in particular) are buying more than is being mined, like any "new" bitcoin is gobbled up before it even hits the market. Lots of huge chunks going out of the CoinBase wallet presumably to OTC purchases. Theres surely some boomer retail FOMO, but big money is buying in to hedge against inflation.
There will be a crash. Some are predicting 30% in the next couple months. But hopefully any really major crash (I acknowledge 30% is significant) will follow the 4 year cycle and hit end of 2021/start of 2022.
If you look at 2017, there were major 20-30%+ dips on the way to $20k (June $3000 to July $1800, Sep 2 $4900 to Sep 15 $3000, Nov 8 $6500 to Nov 12 $5500, Nov 29 had a high of $11,400 and low of $9200). On a macro scale, last cycle had $20k to $3k to $14k to $4k [sort of artificial due to covid crashing all markets] to $28k+; previous cycle had $250 to $60 to $1200 to $200 to $20k. All the recent ~8% dips have been gobbled up and overcome in a matter of a day or two.
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defturetemo
kiwifarms.net
- Joined
- Jul 8, 2020
- Joined
- Dec 17, 2019
it really is a movie style plot too. a genuis drug dealer collects his bitcoins back in 2015 when it was $200, immedately gets sent to prison for some other bullshit. 6 years later is finally released, finds his old hard drive, realizes he just became a milionaire.
on a sidenote, still to this day the only darknet marketplace to not be shut down by the feds and effectively won was Agora and possibly dream.
I'm still holding strong on the fact that Tether is the key to all this. Ripple is basically expereicining no growth because people think the feds will fuck them in the ass soon. and Tether is fighting off lawsuits as we speak.
For those not in the know, Tether is essentially backing all the rest of the crypto, acting as US dollars. the company behind it swears they have reserve USD to match the crypto being made, but they basically would have to somehow be raising a billion dollars every other week, which not even well known high value companies can do. and because of this blatant fraud people are pretty sure that once the government finally busts open the books, it will effectively destroy the entire market. imagine a 99% value loss.
on a sidenote, still to this day the only darknet marketplace to not be shut down by the feds and effectively won was Agora and possibly dream.
I'm still holding strong on the fact that Tether is the key to all this. Ripple is basically expereicining no growth because people think the feds will fuck them in the ass soon. and Tether is fighting off lawsuits as we speak.
For those not in the know, Tether is essentially backing all the rest of the crypto, acting as US dollars. the company behind it swears they have reserve USD to match the crypto being made, but they basically would have to somehow be raising a billion dollars every other week, which not even well known high value companies can do. and because of this blatant fraud people are pretty sure that once the government finally busts open the books, it will effectively destroy the entire market. imagine a 99% value loss.