Where are the bitcoin lovers now?

[BackInTheGame78]

Bullish structure on the daily intact, tweezer bottom, should push higher.

 

[Divorced w 3]

Bullish structure on the daily intact, tweezer bottom, should push higher.

Sold to you. Could run maybe up another 10k, but likely lose another 30k from there into the 70’s.

Longer term is a cup and handle, but all good breakouts have a pullback and this will be no different.

 

[Divorced w 3]

The Chinese issued the most debt today in a single offering in their history, 3 Trillion yuan, and importantly they did so with their 1 year rate under 1%. They haven’t issued debt under 1% since Lehman brothers collapse. After the offering, Chinese interest rates did not move.

There is a tremendous amount of central bank bond buying coming, as the US and Chinese begin to ramp up currency wars both responsively from American protectionism and also the cost of American debt service becoming unmanageable at current levels. China meanwhile is in a deflationary spiral and has major capacity to accept more monetary expansion which is being immediately deployed directly into public pockets via direct stimulus and ‘capital investment.’

Bitcoin had a good run against bonds / defacto the dollar. That’s over.

 

[BackInTheGame78]

Sold to you. Could run maybe up another 10k, but likely lose another 30k from there into the 70’s.

Longer term is a cup and handle, but all good breakouts have a pullback and this will be no different.


View attachment 13677

Of course there is going to be a pullback at some point...could even give a double top, but in terms of structure as it sits now, based on what it "should do", it should create a new high.

 

[Divorced w 3]

Of course there is going to be a pullback at some point...could even give a double top, but in terms of structure as it sits now, based on what it "should do", it should create a new high.

And at some point it will.

 

[Bible_Belt]

The elephant in the room is the over valued stock market. The recent run up over the potential of AI has a lot of parallels to the dot com boom of 2000. No one knows what crypto does when the stock market crashes, because it didn't exist during previous crashes. But eventually we're going to find out.

 

[Divorced w 3]

The elephant in the room is the over valued stock market. The recent run up over the potential of AI has a lot of parallels to the dot com boom of 2000. No one knows what crypto does when the stock market crashes, because it didn't exist during previous crashes. But eventually we're going to find out.

Bitcoin and the us markets are analogous

The better question is, given the correlation, the spread is way too tight. It would imply that in a short period, something between stocks pulling back and bitcoin taking off is likely



Viewed another way:

 

[jaygreenb]

The elephant in the room is the over valued stock market. The recent run up over the potential of AI has a lot of parallels to the dot com boom of 2000. No one knows what crypto does when the stock market crashes, because it didn't exist during previous crashes. But eventually we're going to find out.

"CRYPTO" and bitcoin are two completely different topics and assets with different attributes. Most of crypto will get washed out like every cycle. Short time price action with Bitcoin is just noise, an economic collapse wouldn't change long term trajectory. It may even speed up adoption. A lot of the stock market "overvaluation" is just devaluation of the numerator (USD) through monetary expansion. Hard to quantify too exactly what degree but majority of stock market gains outside of a handful mirrored expansion rate.

 

[Bible_Belt]

an economic collapse wouldn't change long term trajectory. It may even speed up adoption.

That is a bold statement. I don't think I agree, but there is no way of telling the future for certain. I would think of bitcoin as a luxury asset, like a jet ski. It's fun when you have the money, but the first thing you sell when your fortune reverses, like having to pay margin calls on plummeting stocks.

 

[Kiranel]

I remember when Bitcoin was all anyone could talk about, especially a few months ago when it seemed like it was just going to keep climbing. I even tried mining a little back when things were looking good, but now with the price dropping and the cost of mining getting way higher, it feels like a lot of people, including some I know, are quietly backing out. I still think the tech behind it has potential, but as for Bitcoin itself, it's hard to say if it can keep up with the market like it used to.

 

[jaygreenb]

That is a bold statement. I don't think I agree, but there is no way of telling the future for certain. I would think of bitcoin as a luxury asset, like a jet ski. It's fun when you have the money, but the first thing you sell when your fortune reverses, like having to pay margin calls on plummeting stocks.

I strongly disagree with the luxury asset allocation at this point, if anything think there is a rapidly growing group that view it as insurance to the current system and where the financial system is headed. It has crossed the chasm into a legitimate assets class, the US govt is about to add it to their strategic reserve. Not sure what else you need to see to be convinced at this point, every domino is falling that needs to. Bitcoin is probably the last thing I own that I would sell if I needed to quick liquidity in a bind, but that is anecdotal. The people who own and understand this asset have strong conviction in it and the majority isn't small money retail who are just tourists like the rest of crypto. What happens if there is collapse is of course just a best guess, as always, time will tell.

I remember when Bitcoin was all anyone could talk about, especially a few months ago when it seemed like it was just going to keep climbing. I even tried mining a little back when things were looking good, but now with the price dropping and the cost of mining getting way higher, it feels like a lot of people, including some I know, are quietly backing out. I still think the tech behind it has potential, but as for Bitcoin itself, it's hard to say if it can keep up with the market like it used to.

This is such a ridiculous take and observation lol

 

[BackInTheGame78]

I remember when Bitcoin was all anyone could talk about, especially a few months ago when it seemed like it was just going to keep climbing. I even tried mining a little back when things were looking good, but now with the price dropping and the cost of mining getting way higher, it feels like a lot of people, including some I know, are quietly backing out. I still think the tech behind it has potential, but as for Bitcoin itself, it's hard to say if it can keep up with the market like it used to.

And it's being more and more adopted by institutions and corporations and banks and governments. Even if it is behind the scenes.

Retail is meaningless. The people with the real money are the ones driving it just like they do the stock market, forex and commodities.

 

[Solomon]

The elephant in the room is the over valued stock market. The recent run up over the potential of AI has a lot of parallels to the dot com boom of 2000. No one knows what crypto does when the stock market crashes, because it didn't exist during previous crashes. But eventually we're going to find out.

My guess is if stock market crash crypto will crash initially with it but then soon thereafter crypto would go up. We are still in the beginning phases and crypto is here to stay. 2025 will be a very great year for crypto. If you in the market now,prepare to buy a mansion in 2026 with your former maxim wife. bwahhahahaahah

 

[Solomon]

"CRYPTO" and bitcoin are two completely different topics and assets with different attributes. Most of crypto will get washed out like every cycle. Short time price action with Bitcoin is just noise, an economic collapse wouldn't change long term trajectory. It may even speed up adoption. A lot of the stock market "overvaluation" is just devaluation of the numerator (USD) through monetary expansion. Hard to quantify too exactly what degree but majority of stock market gains outside of a handful mirrored expansion rate.

I agree a crash would speed up rapid adoption due to people trying to hedge. No one knows how Trumps "Tariffs" will implicate the market yet and if the tariffs are imposed expect retliation from other countries (most likely Brics)

I remember when Bitcoin was all anyone could talk about, especially a few months ago when it seemed like it was just going to keep climbing. I even tried mining a little back when things were looking good, but now with the price dropping and the cost of mining getting way higher, it feels like a lot of people, including some I know, are quietly backing out. I still think the tech behind it has potential, but as for Bitcoin itself, it's hard to say if it can keep up with the market like it used to.

Dude you trolling or you have no idea wtf you talking about, this comment sounds like it was meant to be posted in 2019 when this thread was created lmfaoooo

 

[jaygreenb]

I agree a crash would speed up rapid adoption due to people trying to hedge. No one knows how Trumps "Tariffs" will implicate the market yet and if the tariffs are imposed expect retliation from other countries (most likely Brics)



Dude you trolling or you have no idea wtf you talking about, this comment sounds like it was meant to be posted in 2019 when this thread was created lmfaoooo

It literally sounds like the first post on this thread lol

I remember a few months ago there were several posters who were talking up bitcoin like there was no tomorrow.

Now that Bitcoin has dropped to 6K and is nearing the point of no return where it costs more to mine the coins than the coins are actually worth(somewhere around 5K), they seem oddly quiet...

When something seems too good to be true it usually is. The technology itself has a lot of promise but it appears bitcoin might be extinct in the near future...

 

[Solomon]

It literally sounds like the first post on this thread lol

OP hasn't posted since 2021 wouldn't shock me if he sometimes checks this thread though imagine if he would have bought a Bitcoin at 6Kor better yet 3K when it crashed. OP would be bragging right now. OP probably won't start buying Bitcoin until it hits a million

There will come a time when a lot of people are going to be mad at themselves cause they knew about Bitcoin at 10K, 20K, 30K, or like OP even 6K (heck I had a buddy who knew about BTC at $100 cause he heard about it on Joe Rogan and ignored it) these people will loath you, since they know you got it, this is why nowadays I don't tell people shyt

 

[jaygreenb]

OP hasn't posted since 2021 wouldn't shock me if he sometimes checks this thread though imagine if he would have bought a Bitcoin at 6Kor better yet 3K when it crashed. OP would be bragging right now. OP probably won't start buying Bitcoin until it hits a million

There will come a time when a lot of people are going to be mad at themselves cause they knew about Bitcoin at 10K, 20K, 30K, or like OP even 6K (heck I had a buddy who knew about BTC at $100 cause he heard about it on Joe Rogan and ignored it) these people will loath you, since they know you got it, this is why nowadays I don't tell people shyt

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.

 

[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.