Where are the bitcoin lovers now?

[Solomon]

Getting constant notifications that this thread was being used and being reminded probably drove him off the site lol Oh I'm sure there is going to be a growing resentment from people who never got involved and were vocally against it and danced on its grave. I've noticed a common theme with these types, massive egos who are unable to just admit they were wrong. There really is no excuse for anyone at this point to at least not look into it further to try and get a basic understanding.

I saw a thread on another forum where people where calling Bitcoin a scam and such, there were a couple people saying it if Blackrock is buying it how can it be a scam? it's truly mind blowing a lotof people argue against Bitcoin based on ignorance and 3rd party biased. It goes to show you how many people run with what they heard on the news or something but don't delve deeper to do their own research

One thing I really valued that I have learned over the years and continue to learn is that you have to do the research it takes time and effort but it's the reason why a lot of us in this thread will be wealthy in the near future

 

[BackInTheGame78]

Fvcking send it

 

[Divorced w 3]

BTC looks poised to run up here.

 

[Divorced w 3]

I scooped some Jan 10, 360 MSTR calls at 17.40, Lord give me strength

 

[Divorced w 3]

MSTR Tracker - Real-time MicroStrategy Bitcoin Analytics

Track MicroStrategy's Bitcoin holdings with interactive charts and metrics. Monitor NAV premium, cost basis performance, and BTC per share in real-time.

www.mstr-tracker.com

 

[Divorced w 3]

If BTC > 104k end of day, this may be get some serious traction.

 

[Divorced w 3]

I scooped some Jan 10, 360 MSTR calls at 17.40, Lord give me strength

It has come in a touch but at the height of it, I was 60% on debit in two hours, which is just bananas. What a time to be alive.

 

[Divorced w 3]

MSTR Tracker - Real-time MicroStrategy Bitcoin Analytics

Track MicroStrategy's Bitcoin holdings with interactive charts and metrics. Monitor NAV premium, cost basis performance, and BTC per share in real-time.

www.mstr-tracker.com

So this site is really good. It has a regression analysis which plots the NAV premium at around 2.65x, which depending on where the price lands (now, for instance) would value MSTR 500 (spot 380 at the time).

 

[jaygreenb]

I saw a thread on another forum where people where calling Bitcoin a scam and such, there were a couple people saying it if Blackrock is buying it how can it be a scam? it's truly mind blowing a lotof people argue against Bitcoin based on ignorance and 3rd party biased. It goes to show you how many people run with what they heard on the news or something but don't delve deeper to do their own research

One thing I really valued that I have learned over the years and continue to learn is that you have to do the research it takes time and effort but it's the reason why a lot of us in this thread will be wealthy in the near future

Right, you have to put the time in, there is really no shortcut to wrapping your head around it since it is a completely new concept that experience in other industries does not translate well. Even if you do participate, if you skip the education part you are most likely going to get washed out with one of the million landmines in the industry. I definitely took my lumps first cycle, funny now but was pretty painful in the moment. The difference is when someone actually learns from their mistakes, adjusts and sticks around. Most are just not willing to do that. We are in a very fortunate position now.

 

[Divorced w 3]

I scooped some Jan 10, 360 MSTR calls at 17.40, Lord give me strength

Sold these and moved into the March series. Not that anyone cares, but I am not going to hide when things don’t work.

 

[Fortune_favors_the_bold]

My brain is completely desensitize to such volatility, I've been through so much sh1t in the last years that my blood is completely cold.
I will either get wealthy this way or will come up with something else to do it or do it more.

I could have a swat team ramming my front door only to dress up and leave with calm from the back door without breaking a sweat even if I noticed in that moment my girlfriend cheating.

 

[Solomon]

Good to see markets bullish again after the Inflation report BTC over 100K and XRP making waves.
Jan 20th and beyond is going to be very interesting

 

[Fortune_favors_the_bold]

Good to see markets bullish again after the Inflation report BTC over 100K and XRP making waves.
Jan 20th and beyond is going to be very interesting

If they fix ukraine and middle east and no other sh1t emerges, we could have an amazing 2025 in terms of price action..

 

[BackInTheGame78]

Good to see markets bullish again after the Inflation report BTC over 100K and XRP making waves.
Jan 20th and beyond is going to be very interesting

Never broke structure on the daily, it's remained bullish.

Theoretically this should push us to a higher high since we have a higher low.

 

[sangheilios]

Good to see markets bullish again after the Inflation report BTC over 100K and XRP making waves.
Jan 20th and beyond is going to be very interesting

If they fix ukraine and middle east and no other sh1t emerges, we could have an amazing 2025 in terms of price action..

@jaygreenb

As far as I'm concerned, the bearishness of the market we saw in December through this month of January 2025 was to be expected. The crypto market was absolutely on fire back in November of 2024 post election and naturally needed to cool off. I've honestly tuned the market out for over a month now, as I knew it wouldn't be worth paying attention to for at least a couple months.

As for recent bullish price action, I think a lot of it is simply based off of hype surrounding the inauguration in a few days. People act like this cycle is "different" but it's honestly played out eerily similar to what we saw in 2018-2020, let alone even the cycle prior to that. Now, when this cycle is going to really see peak euphoria no one really knows, it could be spring of this year or maybe not even until the fall of 2025. I would just be prepared to adjust to either scenario.

@Fortune_favors_the_bold

I agree with this sentiment and that major events like that can definitely be huge catalysts with regards to price action, the COVID lockdowns are the best recent example for sure. Overall though, the crypto asset class is very resilient and while it may be reactive at times to bad news, it will continue to go back on track.

@Solomon

I think XRP and BTC have already had the vast majority of their big gains this cycle. I'd honestly be very surprised to see BTC do a 2x from here, though as a holder I have absolutely no issues if I am incorrect here lol. However, ETH is still well below 4k and at cycle lows with regards to it's BTC pairing. We are still very early and there is a lot of room for alts to rise from here, in fact you could even argue that alt coin season still isn't even here. Basically, have plans to take profits and stick with it.

 

[BackInTheGame78]

@jaygreenb

As far as I'm concerned, the bearishness of the market we saw in December through this month of January 2025 was to be expected. The crypto market was absolutely on fire back in November of 2024 post election and naturally needed to cool off. I've honestly tuned the market out for over a month now, as I knew it wouldn't be worth paying attention to for at least a couple months.

As for recent bullish price action, I think a lot of it is simply based off of hype surrounding the inauguration in a few days. People act like this cycle is "different" but it's honestly played out eerily similar to what we saw in 2018-2020, let alone even the cycle prior to that. Now, when this cycle is going to really see peak euphoria no one really knows, it could be spring of this year or maybe not even until the fall of 2025. I would just be prepared to adjust to either scenario.

@Fortune_favors_the_bold

I agree with this sentiment and that major events like that can definitely be huge catalysts with regards to price action, the COVID lockdowns are the best recent example for sure. Overall though, the crypto asset class is very resilient and while it may be reactive at times to bad news, it will continue to go back on track.

@Solomon

I think XRP and BTC have already had the vast majority of their big gains this cycle. I'd honestly be very surprised to see BTC do a 2x from here, though as a holder I have absolutely no issues if I am incorrect here lol. However, ETH is still well below 4k and at cycle lows with regards to it's BTC pairing. We are still very early and there is a lot of room for alts to rise from here, in fact you could even argue that alt coin season still isn't even here. Basically, have plans to take profits and stick with it.

What we saw wasn't bearish.

To be bearish, it must break structure and set a lower high followed by a lower low.

So far all we have is a higher high and a higher low on the daily.

This was simply a healthy, normal correction to free up more liquidity for an assumed push higher.

Falling prices do not indicate bearishness necessarily, just like rising prices do not necessarily indicate bullishness.

 

[sangheilios]

What we saw wasn't bearish.

To be bearish, it must break structure and set a lower high followed by a lower low.

So far all we have is a higher high and a higher low on the daily.

This was simply a healthy, normal correction to free up more liquidity for an assumed push higher.

Falling prices do not indicate bearishness necessarily, just like rising prices do not necessarily indicate bullishness.

Brah, a correction like we saw in December is "bearish" in the sense that the markets are showing weakness, selling off, etc. It doesn't mean that it's over or that we were going to 10k lol. What we saw April through the fall was a very drawn out period of bearishness.

Not sure where you are reading that.

 

[BackInTheGame78]

Brah, a correction like we saw in December is "bearish" in the sense that the markets are showing weakness, selling off, etc. It doesn't mean that it's over or that we were going to 10k lol. What we saw April through the fall was a very drawn out period of bearishness.

Not sure where you are reading that.

Again, to show weakness it must break structure to the downside. Anything else is just interplay between the swing high and the swing low and doesn't mean anything.

Breaking internal structure is not meaningful in anyway. It must break external structure.

When you have a bottoming tail as long as there was on the daily chart a few days ago that sure does not say weakness to me.

 

[sangheilios]

Again, to show weakness it must break structure to the downside. Anything else is just interplay between the swing high and the swing low and doesn't mean anything.

Breaking internal structure is not meaningful in anyway. It must break external structure.

When you have a bottoming tail as long as there was on the daily chart a few days ago that sure does not say weakness to me.

Are you seriously arguing with me simply because of how I worded my posts? I literally said that the market was due for a cooling off/correction after the smoke show we saw in November. Not sure where you are reading into this.

 

[Divorced w 3]

Never broke structure on the daily, it's remained bullish.

Theoretically this should push us to a higher high since we have a higher low.

150 coming