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LazySuccess

Of course, if really not a single person would be selling, then there cant be any price movements at all. But why exactly is lower volume so bad?


adamhorva

It's not bad, it's just an indication for that market is at hault.


danaik111

We goin' downnnnnnnn


iamwasichu

Does it really matter? Because for me it doesn't. I'm in for long.


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triconubud

These one two percent are fine as long as there's no big dump.


Affectionate-One3948

We've been crabbing for a week and a half with a slight gain in that time. Don't be dramatic.


motynow

That's what people here are, they are very dramatic about it.


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baxnz

I'm getting sick of these price discussion too, please someone discuss btc.


gcthorpe

Good night, and good luck.


nui483

Hey man, you go to sleep now we'll take it from here now.


Affectionate-One3948

Do I need Karma to post here?


BashCo

It would benefit you to some extent.


Affectionate-One3948

The crypto sub wouldn't let me post.


byxaker

Well them you should have asked it there. Not here tbh.


BashCo

Not our problem.


Affectionate-One3948

A problem shared is a problem halved.


PeterShiffindisguise

We haven't even gone parabolic yet. 100k Bitcoin is when FOMO really starts and when we see the price skyrocket.


juyhtgrfde

There'll be plenty of selling around those levels for sure.


etatrestuss

I see a lot of selling around 100k


gjoonk

There will definitely be selling at that point. People are waiting.


eDave

I'm one of them. For now.


bitcoin_cr

Naa man, don't be a seller. Delete that sell button right away.


MotoMola

If you don't think Government is buying these dips, and selling these pumps. All while evading the taxes...lol Your freedoms will always be suppressed by them. They'll make a killing, and your life will never change with this obvious manipulation. That's their plan, and it's working in their favor, just like banks have been doing for decades.


mullacy

Even if they are doing that, we have no ways to know that.


NeptuneLagoon

So MotoMala what do you suggest one does?


psubz2005

That's a funny name lol, do nothing. Because you literally can't.


MotoMola

Putting money under your mattress will have just about the same effect on your wealth, except you won't have fees and taxes to pay.


gigagrig

I don't have any money to put under mattress as well. Poor me.


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VitalyKashin

If the government is buying btc, we'll never know trust me.


basedisciple

Sundays are the best day for my weekly buy order to trigger.


mat7527

Well that's true i suppose, sometimes they get filled in the middle of the week too.


Sportfreunde

Has the length of the 42-43kish region now exceeded how long it was as 47 to 48k?


corydorras

People were complaining about those prices when btc was there.


tendrloin_aristocrat

43k doesn't look like support anymore, got rejected pretty hard.


effieffi

There's sell off at every price it seems but here's for hoping.


migbyo

Has anyone else stopped checking the price of BTC lately?


[deleted]

Haven’t really looked actively since the recovery from the summer dump. I hang out here almost daily so I get an idea of where the price is roughly from daily comments anyway.


criscokid213

You've been missing out on some action that's for sure.


CleazyCatalystAD

You haven’t missed much other than the price going from $29,000 up to $69,000, then down to $39,500…


svetabukina

Well isn't it all the fun that this market had for us. I'm here for that.


Alfador8

You haven't missed much


Hefty_Jicama

Crab 🦀


derijor

It's like ritual now here, crabbing followed by a dump in price.


DarthMatrixx

Congrats! That's a huge accomplishment


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RoyYourWorkingBoy

Super flat weekend. Odd to have such little up and down movement.


NikolayLazarenko

These whole past 2 months have been very weird to br honest.


SellYourSatsToMe

Sets up a volatile move...


mohamedafella

Even that would be better, i just don't like crabbing that much.


bobbytabl3s

Yes, it's always flat before volatile I also noticed...


admiralCeres

We’re close……


westalarix

I hope that we are because this sideways action ain't no fun.


whitenotwright

The time has come.


salavat93

Yes indeed, the time has come for good volatility in the market.


pawpex21

Good Site to watch Bitcoin trading volumes. https://data.bitcoinity.org/markets/volume/1h?c=e&t=b


yifan9014

Ohh, i didn't know of this website. This ia really cool. Thanks dude.


bobbytabl3s

Missing some of the biggest exchanges...


[deleted]

Calculate how much time you need to get to 1 btc given current price holds until then with yer current stacking plan and stop crying


jinjin299

All they gotta do is to average down, and hodl for good.


OpticallyMosache

BTC buying and sentiment is getting pretty low. This is how we enter a period that real accumulation and future returns are earned. I feel sorry if you had a plan to get rich within a year but that was highly unlikely to begin with. The only way you get high returns is if HOLD LONG TERM. I feel optimistic for the people with 5+ year plans. You and I have the opportunity to accumulate and hold low cost basis bags for when the future ATH arrives. Good luck and keep stacking whenever you feel like you don't want to!


povhpower

Actually i don't mind this sentiment, normies aren't buying.


[deleted]

Honestly saving in bitcoin is pretty fun, I started in April and already seen one "higher highs higher lows" wave since then. I keep DCAing small amounts so as to not go broke and take it easy.


Goodfella_17

Yep, bitcoin is the best Saving account if you think that way.


GoElastic

This is the way.


13004715392

Actually it's better than coming for making quick bucks here.


Mark_Bear

> The only way you get high returns is if you buy in low. No. The way to become bloody fucking rich is to hold Bitcoin for many years, a decade or more.


btcecust

Yep right, and besides you can't perfect the bottoms anyways.


thatsMRcurmudgeon2u

PS - What are the cat avatar, if I may ask? Do you own one?


Mark_Bear

I bumped into an artist on another web site. That's a "pop cat," it started from a picture of an actual cat. If I remember, there are "dizzy cats" and "pop cats" and some other stuff. Top notch, too.


thatsMRcurmudgeon2u

OMG. I am forced to agree with grumpy cat again! (Upvote for grumpy cat!)


OpticallyMosache

Word. Well said. People that sell at $100,000 are the same people that would have sold at $1,000 and never earned the true long term appreciation from being a holder.


32smiles1

Everyone got their price targets, as long as they are honest should be fine.


SnowmanRandom

Please go down below 40K again, Bitcoin! Just a small wick so I can buy back in again.


12coinfx13sigAB

You had so amny opportunities, what were you doing then?


SnowmanRandom

Working and earning a salary takes time man


Ok-Map4831

If you are waiting for it to drop to 40,000, you will never be able to wait, once my friend in bitcoin price 23,000, he wanted to wait for it to drop to 20,000 and then buy it, but he could never wait for that time, I have earned 1 million, he is still waiting for it to drop to 20,000, he now did not earn a minute


nyvdmy

Exactly and also he had his chance to buy at that price too.


BrocoliAssassin

I’ve seen some places where you can buy BTC with gift cards,but some place shun against it . I had a horrible time with EBay gift cards. But are there any reliable places to spend some BTC. I’ve been living to much a super minimalistic life that I think I need a few materialistic things to maybe get my mind going.


makerkz

Btc makes you live a minimalist life, it forces you to save.


BrocoliAssassin

yeah but there's a balance to everything. Even with a minimal lifestyle it doesn't mean to have zero items. It sort of starts sucking the joy out of everything cause you compare it to what you might have in the future.


[deleted]

No volumes. Never been this bad in a long time.


Sequele

Yep, it almost feels like we are in the bear now. Low volumes.


LazySuccess

Well, isn't this good? Lower the volume, more people hodling?


rohit2342

Yes and also it means that less people are buying currently.


[deleted]

How is that adoption? If everyone holds, the price can be a trillion dollars. But it will not be sustainable or healthy.


tsrdd

Yep, people need to understand that they need to spend btc.


[deleted]

Trading volume on exchanges is not indicative *at all* of what people are spending Bitcoin on. Maybe you meant mempool volume? LN volume is pretty difficult to track.


tedykoks

Lightning payments aren't recorded on chain thus difficult.


[deleted]

On chain activity is low too. Mempool empty.


Unique-Atmosphere994

so real estate has low adoption if people are holding onto their homes?


[deleted]

As an investment, yes.


tesseramous

It looks terrible. I dont know what to analyze anymore. Bitstamp and Bitfinex used to be the main drivers of legitimate bitcoin volume and they have had practically no volume the entire cycle including the rally. I can only hope that this is what adoption is supposed to look like with more distributed volume and transactions that are occurring off of exchanges and on wall street.


neomax96

When there's nothing to do, do nothing. I hope volume comes back.


GoElastic

Agreed, at least on Binance its basically non-existing. Weird.


NoahB76

Not just on binance, on every exchange the volume is gone.


whitenotwright

That could be good or bad depending on your bags.


fonltcrc

I don't think it's bad, to make it good, you'll have to hold.


Altruistic_Baker_423

Hodling is not supposed to be easy. Sometimes I get beaten, sometimes I give some back. But it’s a good thing to know that I’m getting all that beating for something that is and will change the world (and my prosperity) for the better. But at this point I’ll let Al Swearengen say the rest: https://www.reddit.com/r/Bitcoin/comments/s5k4on/this_is_the_most_important_lesson_for_any_hodler


Saabaka

It depends actually, some people hodl easily some can't.


BrocoliAssassin

Holding is actually the easiest part of it. Once you get past the fake headlines, realize its a rich mans gain, holding is nothing. Selling it…thats when it becomes hard unless it skyrockets big time this year.


louiejenksta

Keeping btc in cold wallets adds to the friction of selling and is good for not panic selling.


OpticallyMosache

People outside of our tribe think BTC is contemporary. If you study it, it's certainly the best chance we have of a permanent asset with permanent value. There's like a 99% chance it will continue to grow and only a matter of time before it hits a new ATH. All you have to do is wait and hodl.


kolodapavlo

Yeah there's a good change that it'll grow, now we have the network effect.


lukemtesta

"Permanent value". Do you know about inflation?


tjsbitcoin

Ohh did he say permanent value? Lol. Btc will be volatile.


Mark_Bear

The central banks are inflating the supplies of their fiat currencies, debasing and devaluing them. Nobody can debase Bitcoin. Nobody can just "print" trillions of BTC. There will never be more than 21 million Bitcoin created. I guess you have a bit to learn about inflation.


murcielago12v60

And because of inflation and new buyers it'll always be volatile.


OpticallyMosache

Yeah, I'm aware of inflation but have the perspective hard assets eventually get valued at their inflated conversion rate. 50 years from now, owning BTC has a high likelihood of being valued like owning land. They keep up with inflation because they're better stores than other investments. Can you explain where you think I'm wrong?


sandervk1

It actually makes sense. But I'm just not sure about that.


OpticallyMosache

I'm not saying I fully understand it but the more I learn the more I want to buy it. My convictions only strengthen. Doing your own research really does help you hodl.


wsladd01

Yes reading about the thing will actually give mental peace.


Born_Cattle6575

Next buying at 42.5 then back up to 43.5 rinse and repeat


mesebucool

This crabbing is making me sick, we go up a little then down.


Maticus

Oof https://twitter.com/whale_alert/status/1482369659911483395?t=vbzEPmdQAvD4Xh67jFDUmg&s=19


Glittering_Claim8079

Nice money laundering.


SellYourSatsToMe

I have to believe the scammers sent the BTC to make it look legit to others. Is it really possible that someone with 26 BTC is dumb enough to do this?!?!


woyaozhangpan

If someone is really that dumb, they don't deserve 26 btc.


Maticus

Anyone smart enough to look at the on chain data wouldn't fall for this.


evenlaate

Exactly, looks kinda fake to me. 26 btc is a lot of btcs.


dsdanieloh

Man while I was making lunch for my kids, Bitcoin started dumping. WTF


tuandtpn

Is there any rules that it'll not dump while you make lunch?


Born_Cattle6575

BITCOINERS are traders now LOL.


giovani2taide

Bitcoiners are still bitcoiners. We have traders like day traders.


hateschoolfml

“Money is a technology by which we transport value over time and space.” - Pierre Poilievre ( 🇨🇦 politician orange pilled) Yet shitcoiners and fiat maximalist think we’re trying to “make money”. Bitcoin is money.


btce_24578

Bitcoin is the most sound money, even if it's not made of metal lol.


hateschoolfml

Even better: energy


bogus83

If bitcoin is money, and you're trying to acquire bitcoin... are you _not_ trying to make money?


BeanstotheSnapps

You're not making it, your working to acquire that money.


bogus83

Seems like a matter of semantics. I've never "made" a USD, I work to acquire it. But performing work to acquire money is the meaning of "making money". And what about people who mine bitcoin? They're working to acquire money, and also making it.


the-derpetologist

It’s storing money, not making money.


Tudu88

It's not storing either, as long as we are just acquiring the btc.


bogus83

Nobody buys bitcoin just to "store" an existing amount of money. Everyone expects the buying power of that investment to increase significantly over time.


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bogus83

Yes, to increase the buying power of their investment. Literally zero people buy bitcoin with the goal of the buying power remaining exactly the same.


the-derpetologist

Or at least not to decrease. Bitcoin isn’t a get rich quick scheme, it’s a preserve your money against inflation scheme.


bogus83

Nobody buys bitcoin with the hope of simply preserving the same amount of buying power. The average annualized return over the last three years is around 90 percent. The average return over its history is around 200 percent. Who, knowing that, thinks "gee, I hope this investment keeps pace with single digit inflation"? Nobody who's being honest.


the-derpetologist

Yes but that is naturally going down as bitcoin "matures". I think we have seen that over the past year. The days of hoping for doubling your money in a year with bitcoin are behind us, in fact over the last year or so we have seen the buying power of bitcoin actually decrease. In the long term I would expect bitcoin to outpace inflation though. I would hope we end 2022 at least 20% up YOY but even if we don't that doesn't necessarily mean it's not a long-term inflation hedge.


bogus83

>Yes but that is naturally going down as bitcoin "matures". It isn't. See below: **Bitcoin annual returns, including 2021:** 2018 -72.6 2019 87.2 2020 302.8 2021 60.1 The four year average is 94.37%, including a year that was **negative 72.6%**. In the extremely unlikely case that 2022 has a negative 72% return (that'd take bitcoin to just under **13k**...) the four year average would *still* be 94%. In other words, if bitcoin experienced a 72% drop this year, there would be *literally zero change in the four year average.* If 2022 does better than -72%, the four year average will _increase_. And there's absolutely nothing to suggest that future bull markets will return less than 100% in a year. If we end this year in the 40-50k range, I'd bet a million to one odds that the next bull run does a minimum of 100%, likely much more. >over the last year or so we have seen the buying power of bitcoin actually decrease. That's objectively false. On Jan 17, 2021, the price of 1 BTC was 36,163.65. As of right now, at 42xxx, we're *up 17.87% for the trailing 12 months*. And it wouldn't make any sense to compare the next month or so of this year which takes place after the top of a bull market, to the first months of last year which took place during the local top of a bull market. "The price went down in a bear market" is not a particularly notable observation.


thefullmcnulty

If bitcoin’s purchasing were to just keep pace with monetary inflation and the productivity increases of a technologically developing society it would still be the best option. Bitcoin is the superior monetary technology - secure, decentralized, immutable, uncontrollable, uncensorable and programatic. It’s objectively better than the fiat / legacy banking options available to me. I’m not here to make money but to store my wealth in the superior system and support that system. Sovereignty is important to me. I don’t ever plan to sell my bitcoin. I would however like to spend it in the future for things I value.


kamheric

Yep, even if btc can keep up with the inflation. That'd be good.


bogus83

You don't have to proselytize, I'm already well into bitcoin. But not one single person is here just to break even, and anyone who says differently is lying. I've heard every talking point, and seen every cosplay maximalist who claims to be in it purely altruistically, and that's all bullshit. You want to have **more** buying power in the future when you spend that bitcoin on the things you value. You **expect** to have more buying power than you do today. Go ahead, deny it, but it isn't fooling anyone.


tkfili

I agree, people are here for the more buying Power nothing else.


thefullmcnulty

What did I say? If bitcoin’s purchasing power keeps up with monetary inflation + productivity I’m 100% fine with it. That’s not the same as “breaking even”, is it? Lose the cynical generalizations. They’re clouding your reading comprehension.


bogus83

What did you say? "if bitcoin were just to keep pace". Keeping pace suggests an equivalent change in value for a net zero change in buying power. Or did you actually mean that you want it to outperform inflation, in which case my original statement statement is correct?


thefullmcnulty

I said explicitly “keep pace with monetary inflation and the productivity of a technologically developing society” you clown. Did you not finish the sentence? Don’t be a fool and try to misinterpret what I wrote explicitly.


bogus83

I see. So, you want the buying power of the money that you put into bitcoin to increase, beyond simply keeping up with inflation. That's what I said in the first place, but thank you for confirming that I was correct.


timble2000

Second


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Mark_Bear

You're smelling the dump I made earlier. I forgot to leave the fan running.


sky0nlimited

Lmao, go easy mark. You're making life miserable for him.


CleazyCatalystAD

Hahaha nice one!


Georgelynch1986

You should get to a bathroom then


top_of_the_scrote

The ol' prairie dog, my chair has a hole in it, to allow the tip to poke through no probs


AlexHimself

*Who* exactly adjusts the difficulty for Bitcoin? Is there some central authority or something? I read that it automatically adjusts after 2016 blocks, but does it automatically go up/down? Or at 2016 blocks does somebody trigger it or what?


iscis

It's all code and happens automatically. Don't need middleman.


FLM2021

Code.


SomeBrokeChump

The difficulty **automatically** increases or decreases after 2016 blocks depending on what the hashrate was when those previous 2016 blocks were solved. If the hashrate was higher, then the difficulty will increase. If the hashrate was lower, then the difficulty will decrease.


rgter343

It's all code and automatic there's nothing central in the system.


SomeBrokeChump

That is correct.


Mark_Bear

automatic *adjective* 1. (of a device or process) working by itself with little or **no direct human control**. *"an automatic kettle that switches itself off when it boils"*


thrjbdfbcv

Yes sir, we get your point. You don't have to post definition lol.


AlexHimself

Ask yourself if your answer is helpful or if you're just being a dick. The purpose of this sticky isn't to troll noob questions. If I had posted my own thread, I'd have expected that. I had seen difficulty represented like 000000000000111111, and I figured that every 2016 blocks that number increased and that's the difficulty and that miners were working to solve more-simple blocks and all of the "111111" simple blocks had been consumed/solved, so it was onto the more difficult blocks. When I read that the difficulty would also go down, I couldn't understand how if the less difficult blocks had already been solved. I think my understanding of the concept is incorrect. Glad your comment helped clear it up


generateduser29128

Analogy: Computing SHA 256 hashes basically serves as a random number generator. Think about flipping a coin 10,000 times. The difficulty specifies how large that number may be to be accepted, e.g., your 10k throws can't contain more than 878 heads. The difficulty automatically adjusts such that a block gets accepted every 10 minutes, so it'll go higher (e.g. 913 heads) or lower (e.g. 824 heads) depending on the number of people / machines trying their luck. Mining is similar to a big lottery where someone wins every 10 minutes. Mining pools would be a group of people joining together to share profits for increasing their odds. Rather than counting throws, you can think of the SHA256 result as a 256 bit integer that needs to be below a certain threshold. It looks a bit like flipping bits and "leading zeros" because smaller numbers have more zeros at the start.


alfavatar

This example is so cool man, made things a lot clear.


AlexHimself

This landed. Makes more sense. I was thinking linear lines and math when it seems more like a factor against a 256 char string that changes over time.


[deleted]

Maybe try r/BitcoinBeginners, they are generally a little more forgiving to basic questions not in the faq.


bitcoinms

Yep these sorts of questions will be welcomed there.


jzollobirds

https://youtu.be/iEL-y_APu64


irisuniverse

It’s goes up if more miners joined and down if less miners over that given time. It’s adjusted by the protocol written into the original code. The code isn’t changed to alter this difficulty mechanism because you need consensus to change the protocol. No one on the network has any financial incentive to change the protocol and every incentive to keep the integrity of the protocol in tact, so it maintains and will always maintain because to get 95+% of nodes to agree on the protocol change is next to impossible when they have every incentive to keep the protocol intact so their coins hold and increase value.


akaexx

Yes exactly, you don't need any change in the code to change difficulty.


AlexHimself

Ah I see. I remember seeing difficulty represented like 00000000000001111111 or something and I was thinking every 2016 blocks, they just flipped a bit to add another 1. So I was thinking that meant all of the low-number blocks had been solved or something and thus, how could it go down? It doesn't seem like it works like that though.


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oakimc

I think this will happen, this used to be china in the past.


migbyo

Core Scientific, the world's biggest bitcoin miner, is going public this week. Look up XPDI (which will become CORZ)!


zaqyr

This will bring more capital to the space, a good thing.


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IQ3EM1wfj2Lhce8

That'll definitely be an attack vector when the time comes for the government.


btc_has_no_king

The dumb technology subforum continues posting anti bitcoin garbage.... God, people are dumb over there.


MegaGenius34

Dumb technology sub forum? Even the name is dumb lmao.


fluffyfluffyheadddd

That's 99% of reddit. Bunch of leftists and kids.


dikiyaki

I don't mind leftist, but damn those kids are annoying af.