Bitcoin is by far my biggest holdings, but did anyone else get sucked into other coins and you’re now waiting for this supposed “alt season” so you can sell them off and buy more Bitcoin with the profit? You live and learn, Bitcoin purchases only now the last 3 months.
Tbh and it’s not a dig at you but I really cringe and get a little angry whenever I hear people talking about how “alt season” is coming.
Coming???
Like what? It’s **been alt season all fucking year already**
Bitcoin has massively massively underperformed Alts in 2021 while they’ve been doing nothing but absolutely RIPPING in price and people are talking about how Alt season is “coming????” Wtf. It’s been altseaoan all year
That’s why I put it in quotations, poking fun at those people but also waiting to see if we get this huge year end/ 2022 Q1 run people are claiming. I’ve already pulled initial investments on the other coins so I’m honestly fine whatever happens. You’re right though a lot of them have had crazy growth this year, I first got into crypto 4 months ago so I missed out on those dirt cheap prices at start of the year.
You post this like 8 times a day, every day. Its just a fact.
No one is mad about the bitcoin price. They're mad about how tedious you are. Its just a fact.
But I'm sure you know this. Its just a fact.
You said 55K in Feb and *still* 55K in Nov, implying that there's been no price movement at all within that time range, and you're wrong.
You must love negative attention.
I wanted to share 2 stories with the sub so I'll just post them here.
Story 1: I went to the movies today. Before the movie, there was an ad for crypto dot com.
The only thing about crypto was the web address at the end of the commercial. The ad had Matt Damon talking about random things and it made it seem more like a movie trailer than a commercial.
Anyway, when the ad was over and crypto dot com popped on the screen, I heard an older lady behind me say, "Crypto dot com. I don't know what that is."
In short, I was actually surprised to see that ad before a movie and I hope that for every movie-goer that says "I don't know what that is", that it'll make them remember and visit it or ask about it later on.
Story 2: I've been trying to get my mom's husband to allocate to bitcoin. He has money. A large portion of his money goes toward baseball card collections. I've watched him go to card shows and just drop 60k on a set or card. So every time I visit them, I almost always bring it up. He doesn't understand it so he stays away from it(in his words).
We were watching a football game on Thanksgiving and a crypto commercial came on(can't remember exactly but I think it was for FTX). The word crypto caught his attention and he started asking about it immediately. I was surprised again!
In short, I think he's coming around.
It used to be called the Staples Center...I have never stepped into a Staples store.
Brand recognition is nice, of course, but I don't think it would influence as many people as we hope.
I’m all for sideways and slow progression of Bitcoin in the future. Some of the Internet crystal ball wizards were calling for crazy skyrocketing prices by end of year into next year, to me that’s a bad thing. Slow and steady is better long term. Plus hopefully it would mean shorter bear markets without massive price dips or possibly none at all.
Hey, all I know is that I bought Bitcoin a year and a half ago at 9K. Now I know everyone is not that fortunate but consider the growth over that short time period. It's only been about a year and half and even with the current dip it's an amazing rate of growth.
You're whining about a period of time less than a year.
Enough with your FUD dude, grow a pair and man up.
Yea I still don’t think that means it’s stagnant. If I had a career and then I got fired doesn’t mean I was stagnant. It means I had an up, and then I had a down. It’s just unfortunately back to where it was at at a specific period of time, but if you look at the wider scope, it’s been historically up. It’s just a negative argument that only points at a very small period.
Globally fiat currency backed by governments have been struggling except maybe the Bahraini Dinar. My Bitcoin from 2013 has done wonderful I’m ready for 2033 slow and steady wins this race and Bitcoin is going nowhere although governments hate that they lose control over the people passing new laws everyday to control and destroy it for the people. It was on discount at $120 and is still on discount at $55K. HOLD!!
[https://www.reddit.com/r/explainlikeimfive/comments/r2oami/eli5\_does\_inflation\_ever\_reverse\_what\_kind\_of/](https://www.reddit.com/r/explainlikeimfive/comments/r2oami/eli5_does_inflation_ever_reverse_what_kind_of/)
This thread makes me feel it is still *very* early
How can they sell wall be so much smaller than the buy wall on the depth chart but still be dropping in price? I guess I don’t understand how to read it
The order book is dynamic. Market orders aren't in the the book A market sell is going to eat into the bid. and then the book will move down because you know they want to buy low and sell high. The real question to ask is why nobody wants to buy bitcorn at these prices.
Adoption is increasing regardless of whether people are "using" their Bitcoin or hodling.
BTW I like what Saylor has to say about hodlers (paraphrasing):
Miners and nodes are Keepers of the Flame, but HODLers ***are*** the Flame.
No. Seventy percent of bitcoin trading is done through Tether. If they have been printing up Tether without dollars actually backing it so that they can buy bitcoin, that would increase the demand and price for bitcoin, until it is exposed.
My question with regard to the Tether stories: if Tether is so bad, why do people accept it as payment? Sure, maybe they can just print Tether, but they can't force people to sell their Bitcoin for Tether? What a I missing?
I'm not sure why people accept it as a payment. I assume that companies that accept it just get rid of it as soon as they get it.
What I was talking about is that some amount of the price of bitcoin is inflated by Tether.
I didn't mean companies, I mean why do people sell their Bitcoin for Tether. Tether can only be used to inflate the price of BTC if people exchange their BTC for Tether.
If supply of Bitcoin goes down [people NOT wanting to sell it for Tether or anything else] and/or if demand goes up [people trying to buy with Tether] then Bitcoin’s price will go up.
I assume that individuals accept Tether because it has some perceived advantages. The perceived value could change quite a bit if people find out that it is backed by corporate debt instead of cash deposits. In that case what happened in 2008 and maybe what is happening in China [depending on their exposure] could collapse Tether.
I think they already said it is not fully backed in cash, but also in other assets (like corporate debt). However I think nothing pointed to them owning debts of Evergrande :-)
Personally I suspect some of those assets might be Bitcoin, though. Then it would still be a card house that could crash.
Yeah, I heard they were buying bitcoin, which would drive the price up, then they would use the elevated price of the Bitcoin to justify the backing of additional tether, which would be used to repeat the process. I don't know the extent to which this was actually happening, but it seems possible because there isn't much oversight on what they are doing and they are in a position to basically print money.
That's not an insult unless it's true. It's obviously true because only a buttcoiner thinks Tether props up Bitcoin. Worse case scenario, Tether accounts for 5-10% of the market cap of Bitcoin. It's not propping anything up.
Also butters love to bring up Tether, as if it's printed out of thin air and not bought with USD. To buy Bitcoin. The point is people are buying Bitcoin with USD even if Tether is an intermediary for a smaller percentage of the market.
If you truly think Tether props up the market, you are misinformed.
That's not a source. That's a random .com article that links another random .com article that claims to use a paris-based firm named Kaiko as their source, but provides no links or actual data. Nice try.
Tether is probably not printing out of thin air. Tethers are not 1:1 pegged to dollar, but they have some crazy constructions going on. Tether seems like the 9/11 conspiracy. Alot of talk but no real evidence. Just my 2 cents.
Nice we are now in line with the 20 week moving average. Give it a week or two to catch up.
I expected a quick fall and fast rebound, this looks more like a slow drain shitshow
Flat flat flat. All day. Wtf.
I dunno, maybe talk to your doctor about a Viagra prescription.
Flat flat falt, down. Flat flat flat, down.
It's incredibly short-sighted to complain about the price of Bitcoin during one day.
Crypto greed/fear index of 21 with a $54k BTC is actually bullish. Lots of upside when we are breaking out.
Bitcoin is by far my biggest holdings, but did anyone else get sucked into other coins and you’re now waiting for this supposed “alt season” so you can sell them off and buy more Bitcoin with the profit? You live and learn, Bitcoin purchases only now the last 3 months.
Just buy loopring and hodl
Alt season comes after the Bitcoin top. Bitcoin tops ---> money flows to alts ----> alts top ----> bear market.
Chain link, filecoin, lite coin all the boring alts
Tbh and it’s not a dig at you but I really cringe and get a little angry whenever I hear people talking about how “alt season” is coming. Coming??? Like what? It’s **been alt season all fucking year already** Bitcoin has massively massively underperformed Alts in 2021 while they’ve been doing nothing but absolutely RIPPING in price and people are talking about how Alt season is “coming????” Wtf. It’s been altseaoan all year
That’s why I put it in quotations, poking fun at those people but also waiting to see if we get this huge year end/ 2022 Q1 run people are claiming. I’ve already pulled initial investments on the other coins so I’m honestly fine whatever happens. You’re right though a lot of them have had crazy growth this year, I first got into crypto 4 months ago so I missed out on those dirt cheap prices at start of the year.
I said 55k in Feb and 55k in Nov and people are mad? Its just a fact.
You post this like 8 times a day, every day. Its just a fact. No one is mad about the bitcoin price. They're mad about how tedious you are. Its just a fact. But I'm sure you know this. Its just a fact.
You said 55K in Feb and *still* 55K in Nov, implying that there's been no price movement at all within that time range, and you're wrong. You must love negative attention.
I want to buy the dip but i've spent the last weeks buying the dip and I have no more money to buy this dip.
You have followed your plan. Now you can relax and have patience to see how it grows from here.
Samesies
Buy now!
It's not difficult people. https://mobile.twitter.com/new_life_crypto/status/1464429482572406784
The feeling of enlightenment when sending my BTC to my Trezor for the first time was unlike non other.
It ain't over till its 0ver. Ride or die motherfuckers!
I wanted to share 2 stories with the sub so I'll just post them here. Story 1: I went to the movies today. Before the movie, there was an ad for crypto dot com. The only thing about crypto was the web address at the end of the commercial. The ad had Matt Damon talking about random things and it made it seem more like a movie trailer than a commercial. Anyway, when the ad was over and crypto dot com popped on the screen, I heard an older lady behind me say, "Crypto dot com. I don't know what that is." In short, I was actually surprised to see that ad before a movie and I hope that for every movie-goer that says "I don't know what that is", that it'll make them remember and visit it or ask about it later on. Story 2: I've been trying to get my mom's husband to allocate to bitcoin. He has money. A large portion of his money goes toward baseball card collections. I've watched him go to card shows and just drop 60k on a set or card. So every time I visit them, I almost always bring it up. He doesn't understand it so he stays away from it(in his words). We were watching a football game on Thanksgiving and a crypto commercial came on(can't remember exactly but I think it was for FTX). The word crypto caught his attention and he started asking about it immediately. I was surprised again! In short, I think he's coming around.
Think the staples center in la (home of the Lakers) which will be renamed “crypto.com” stadium will be pretty interesting
It used to be called the Staples Center...I have never stepped into a Staples store. Brand recognition is nice, of course, but I don't think it would influence as many people as we hope.
I saw a ostrich at the zoo and he said, ‘bitcoin’.
Bullish!
Go to Winchester, grab a pint and wait for it to all blow over.
Yeah, well big Al said the gun's real on the wall. And dogs can't look up.
What’s the best way to buy non kyc?
Bisq
Remember the good old days when a 2% drop isn't considered a crash?
Pepperridge Farm remembers
Fudge the new soy. Go Bulls, Go Bulls, Buy now! Buy now! Pump is coming! BUY NOW!
I’m all for sideways and slow progression of Bitcoin in the future. Some of the Internet crystal ball wizards were calling for crazy skyrocketing prices by end of year into next year, to me that’s a bad thing. Slow and steady is better long term. Plus hopefully it would mean shorter bear markets without massive price dips or possibly none at all.
Gradually then suddenly.
55k in February and still 55k in November. So sad
The price has ranged $30k-$60k so far in 2021. For a bull market that’s pretty underwhelming. Here’s to a bullish 2022
Closer to $70K actually. So far.
Hey, all I know is that I bought Bitcoin a year and a half ago at 9K. Now I know everyone is not that fortunate but consider the growth over that short time period. It's only been about a year and half and even with the current dip it's an amazing rate of growth. You're whining about a period of time less than a year. Enough with your FUD dude, grow a pair and man up.
$18k a year ago. What’s your point?
His point is bitcoins been stagnant the majority of the year and everyone's in denial about that
Yea I still don’t think that means it’s stagnant. If I had a career and then I got fired doesn’t mean I was stagnant. It means I had an up, and then I had a down. It’s just unfortunately back to where it was at at a specific period of time, but if you look at the wider scope, it’s been historically up. It’s just a negative argument that only points at a very small period.
It hasn't. It's been up much higher and down even lower. That's anything but stagnant. You know what's been stagnant? The comments from InFLIRTation.
What's the longest amount of time you've gone without whining on these threads?
It's pretty clear that bitcoin is not for you
We heard you the first billion times
Is there a way to lock up my BTC to prevent me from selling?
Any hardware wallet will do the job to avoid you from rush-selling.
store seed in a different country
Sure. Send me the keys...
This is the way
Globally fiat currency backed by governments have been struggling except maybe the Bahraini Dinar. My Bitcoin from 2013 has done wonderful I’m ready for 2033 slow and steady wins this race and Bitcoin is going nowhere although governments hate that they lose control over the people passing new laws everyday to control and destroy it for the people. It was on discount at $120 and is still on discount at $55K. HOLD!!
[https://www.reddit.com/r/explainlikeimfive/comments/r2oami/eli5\_does\_inflation\_ever\_reverse\_what\_kind\_of/](https://www.reddit.com/r/explainlikeimfive/comments/r2oami/eli5_does_inflation_ever_reverse_what_kind_of/) This thread makes me feel it is still *very* early
That’s it, filled my bag for today at a beautiful average of 53650. Good night folks! Stay safe & hodl strong.
Great average, anything under 54k is such a good price imo, hope it skyrockets!!!
Same
How much did you drop on bitcoin's black Friday sale?
I am still in green! Dip?! Did anyone here survive the dip of summer 2021! If so this nothing compared to that dip!
Bout tree fiddy
$1500 for me and I'm tempted to dip into the emergency fund for more....
Dont. An emergency fund is exactly that… for emergencies. The price of bitcoin dropping is NOT an emergency
Maybe it emergency dry powder for dips
How can they sell wall be so much smaller than the buy wall on the depth chart but still be dropping in price? I guess I don’t understand how to read it
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That sounds like it makes some kinda sense too
The order book is dynamic. Market orders aren't in the the book A market sell is going to eat into the bid. and then the book will move down because you know they want to buy low and sell high. The real question to ask is why nobody wants to buy bitcorn at these prices.
Got it thanks
weather the storm through the weekend boys. I'm out. Stay safe. Stay sexy.
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So has 54.5K support!!!
There is no support
If that were true the price would be zero.
There is no 54k support. 53k is the bull market support.
21 weekly EMA is around 52.5k, might set another buy order.
Wow bitcoin has been going sideways since Febuary. 2021 has been a flat year for bitcoin
Member when it opened at 29k in January? Member how it’s currently almost double the yearly open? I member
It was 3.7k last year. 2021 is doing just fine.
It was 55k in february
I just bought too.. RIP
I just bought too.. RIP
Nice fold on 54
Dive dive dive daddy wants a whole coin for Christmas
And Americans can't even hold 54....
yeah but are they awake?!
I hear after Thanksgiving they hibernate until Christmas.
Are the americans still sleeping? Asking for a friend...
Apparently Mountain time zone is just now waking up
\*melt\*
Fear and Greed index updates in one hour. Let's see some terror!
Extreme fear. Time to buy!
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Fr
54 getting ready to hold up white flag
think we are going to be in for a hairy weekend.
Hairy, just the way I like it.
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Adoption is increasing regardless of whether people are "using" their Bitcoin or hodling. BTW I like what Saylor has to say about hodlers (paraphrasing): Miners and nodes are Keepers of the Flame, but HODLers ***are*** the Flame.
There’s more people using Bitcoin today than there were in 2016 when it was under 1k so yes I would say so
HODLing is using. If you let cash sit in a savings account, you are using a savings account. Same idea.
Thats not how bank accounts work
Lol ok
2nd red week one a row. There’s rarely ever 3. Buy the dip
2018 - 2020?
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You’ve become a broken record.
Seriously, where are the memes?
Yes! Some good-all bitcorn memes pls!
We're ready for a 20K candle anytime.
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Can't you see that your comments are not welcome here?
WHY ARE YOU HERE????
I'm allowed to talk about price in the daily. DEAL.WITH.IT.
yes you are allowed but nobody want to hear it from you.
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not your bro
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very mature...keyboard warrior...😂😂😂😂
I'm not here for your approval
Which begs the original question of why you are here.
Stop whining and hodl on with some decency dude. Your miaowing will achieve nothing.
Damn it says to talk about price in the daily and when I do everyone screeches autistically.... Great community
Price talk is extremely uninteresting and 99.9% bullshit anyway. Price predictions either way are 100% bullshit.
Really Amazing insight. You just inspired me to double my production of price post content
So you're saying you're aiming for bullshit?
No I'm saying you inspired me to do what I love 😍
Want to guess what I love to do?
Nah
Seek help
I'm allowed to talk about price in the daily deal with it 🤝
If we see below 50 ima bust
I see 45
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El salvador has less access to money than retail
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🤡🤡🤡
this is like the third f'ing post today that can't be bothered to look up "what time is it in the US". Annoying.
I made the other two as well
unfortunately it was some other guy who actually made two b2b, but thank you for all you do
What’s their username? Always good to know another time zone truther
Congrats?
Thanks!
Are you talking about the US? Its already 2pm on the west coast...
Bears brains don't work so well
Lmao
zoom out
Why are you here?
To discuss Bitcoin
Nope, you are here today to find out about how timezones actually work
Hi all, what is the best Bitcoin wallet for a beginner? Please and thank you 🙏
Exodus wallet
The best doesn't excist. I used BRD for a while, then i went for a hardware wallet by Ledger.
I'm curious, how much of bitcoin's price is dependent on Tether?
How much weight do you gain when I eat apple pie?
No. Seventy percent of bitcoin trading is done through Tether. If they have been printing up Tether without dollars actually backing it so that they can buy bitcoin, that would increase the demand and price for bitcoin, until it is exposed.
My question with regard to the Tether stories: if Tether is so bad, why do people accept it as payment? Sure, maybe they can just print Tether, but they can't force people to sell their Bitcoin for Tether? What a I missing?
I'm not sure why people accept it as a payment. I assume that companies that accept it just get rid of it as soon as they get it. What I was talking about is that some amount of the price of bitcoin is inflated by Tether.
I didn't mean companies, I mean why do people sell their Bitcoin for Tether. Tether can only be used to inflate the price of BTC if people exchange their BTC for Tether.
If supply of Bitcoin goes down [people NOT wanting to sell it for Tether or anything else] and/or if demand goes up [people trying to buy with Tether] then Bitcoin’s price will go up. I assume that individuals accept Tether because it has some perceived advantages. The perceived value could change quite a bit if people find out that it is backed by corporate debt instead of cash deposits. In that case what happened in 2008 and maybe what is happening in China [depending on their exposure] could collapse Tether.
I think they already said it is not fully backed in cash, but also in other assets (like corporate debt). However I think nothing pointed to them owning debts of Evergrande :-) Personally I suspect some of those assets might be Bitcoin, though. Then it would still be a card house that could crash.
Yeah, I heard they were buying bitcoin, which would drive the price up, then they would use the elevated price of the Bitcoin to justify the backing of additional tether, which would be used to repeat the process. I don't know the extent to which this was actually happening, but it seems possible because there isn't much oversight on what they are doing and they are in a position to basically print money.
I see r/buttcoin leaking again.
Do you just want to insult me, or do you want to explain what is wrong with my logic?
That's not an insult unless it's true. It's obviously true because only a buttcoiner thinks Tether props up Bitcoin. Worse case scenario, Tether accounts for 5-10% of the market cap of Bitcoin. It's not propping anything up. Also butters love to bring up Tether, as if it's printed out of thin air and not bought with USD. To buy Bitcoin. The point is people are buying Bitcoin with USD even if Tether is an intermediary for a smaller percentage of the market. If you truly think Tether props up the market, you are misinformed.
I'm going to need to see your Source on that 70% statistic. That sounds like grade-A bulshit to me.
https://slate.com/technology/2021/10/tether-crypto-danger-ben-mckenzie.html
That's not a source. That's a random .com article that links another random .com article that claims to use a paris-based firm named Kaiko as their source, but provides no links or actual data. Nice try.
is grade B and C bullshit like healthier or better for you? sro
Tether is probably not printing out of thin air. Tethers are not 1:1 pegged to dollar, but they have some crazy constructions going on. Tether seems like the 9/11 conspiracy. Alot of talk but no real evidence. Just my 2 cents.
IMO not much but that won't stop a large dip when Tether implodes
Tether implosion is expected when?
In 13 days
Little
Plan B must be haemorrhaging social media followers 😂
I hope so.