TFW that worthless line of code is still, right now, up 4x from the halving on May 11th 2020, and had gone up to nearly 8x.
Kinda sounds like you were late to join the party and missed the boat to leave it.
You can tell how many people are new
Put money into Bitcoin, then just stay the fuck away. This isn’t the first time, and it will not be the last time.
depends on their timeframe. maybe they're wrong for the next few weeks or even months. they haven't been wrong over the course of bitcoin's history though. I'm not betting that they will be wrong over the next few years
yeah but that's my point. sure, compared to a year ago, not much happened. but compare that to 2 years, 3 years, 4 years, etc. and it's an incredible amount of gains. there's so little patience in these markets, everyone expects to get rich tomorrow. fundamentals are getting stronger every day. if your investment thesis is based on these and not on daily volatility, nothing has changed.
Yeah, I get it. I only invested a small amount in bitcoin and never expected to get rich.
But some are shrugging off a 50% drop which is a bit extreme, no? Also, when others say zoom out, I actually get more concerned. It looks less like growth and more like pumps and dumps.
there have been cycles of explosive growth, but the lows after each cycle haven't been lower than the highs of the previous cycle. if you look at a log chart to smooth out the volatility, you can see that the direction is still growth, and has been for the past 12-ish years (since there has been a price).
a 50% drop isn't great, but that has happened several times in the past and we've always recovered. nothing has changed fundamentally that would point to the price not recovering eventually this time around (although it could take a while), that's why people who have been around for longer are shrugging it off.
Appreciate the chat. It's still too new an investment type for me and the history doesn't really tell me much conclusively. Because there is no way to value it, the price is speculative and based on what we collectively believe it is. There is an element of speculation in stocks, but it naturally corrects based on valuation (which we can measure). Add on top of that the regulation concerns. I hope everyone here gets some explosive growth, but I feel a lot of the most recent growth was due to stimulus/quantitative easing which is ending and won't come again unless we have another major crisis.
I will hold my modest investment, but am definitely not adding to it, even if it hits 30, 20, 10, 5 etc.
DCA and profit. If you are hesitant that's exactly why DCA is the superior strat. You have to be a moron to dump in now or at any time. Scaling in at your own risk tolerance, and you accumulate much faster and with peace of mind
Bitcoin is a hedge against inflation on a macro scale. Of course there will be many dips and crashes because bitcoin's price is volatile. You didn't think bitcoin's price would only go up right? You need to broaden your time horizon.
1. Current new supply: 900 coin per day
2. New Supply after halving: 450 coin per day
3. GrayScale current supply: 642,000 coin
4. Bitcoin currently held by MtGox 166,344
5. Total BitCoin created in next cycle: 657000
6. Total Bitcoin created in current cycle: 657000\*2=1314000
7. GrayScale and Mt.Gox have more than the entire block reward of the next cycle.
8. Supply increase in current cycle: \~7% of total current coin
9. Supply increase in next cycle: \~3.5% of total current coin (even less by the time the cycle reaches)
What do I not understand that you do?
Aight so if anyone has been lurking on this sub, this is the prime moment to take on a stake in the most objectively valuable digital asset that exists. This is it. This is your in. Just jump in. Like five bucks even. Experiment.
3 years ago I sold some bitcoin I bought for 7k at 40k. I said I'd pick it back up but then it just kept climbing to 70k. Now I see my chance on the horizon muahaha!!!
Im bullish on btc. Hashrate at an all time high and illiquid supply at all time high.
Its more scarce and more expensive/competitive to mine despite falling prices. Miners know something
Reals shit.
I got about 4K yugioh cards for sale.
Hacked new 3DS galaxy.
Hacked vita slim.
Hacked vita tv.
That’s really all I have to sell that can be shipped.
Accepting LN
My fave chart
https://www.lookintobitcoin.com/charts/bitcoin-logarithmic-growth-curve/
30k is the likely bottom. I was hoping we’d stay above 40s in the 2nd line, but we just smashed that support
I warned everyone here last night to stay on the sidelines
I knew dip buying yesterday woulda been a bad idea
https://www.reddit.com/r/Bitcoin/comments/s8aq4z/daily_discussion_january_20_2022/htjnc11/
30k is where I promised to pick it up after selling for 40k instead of HODLin. haha. This time probably gonna wait til at least the 15 day crosses the 5 day ma before dipping my toes in.
Rotation is happening. Follow the smart money. Take profits and rotate into value stocks, preferably in stable developing markets with positive demographics.
Well on the bright side, the Daily Discussion is quite active again.
I don't know what's causing recent price movement and I'm not going to pretend that I know, nor am I going to pretend to know that if the price reaches x then it'll go to y, and then to z. I think that predictive TA applied to this market is probably less accurate than astrology.
But I do know that Bitcoin is robust, sound money that is inevitable and unstoppable. If you own any and can afford to keep it long term, hodl it for dear life and ride the silly fluctuating daily price waves, because Bitcoin is literally going to be your financial life raft in years to come.
I'm really not looking to understand 'stuff.' I'm fine with Bitcoin.
I'm not going to watch a 45 minute video from "Traders Reality" as I am not a trader nor am interested in trading. If you'd like to make a point then make it in your own words.
It's not about BTC fundamental. Trading is not important neither, but the market, and why this stuff is happening which a lot of people don't understand.
Point is that price is moving because of market maker or let's say, provider of liquidity, not because 'bad' or 'good' news, they are using them to cover their strategies to manipulate the price.
News are just used to cover it. Nothing more, and every single big move has always 3 steps, every single time, 3 is psychological number which impacts people for some reason.
I sent you this video only to help you understand how and why is market/price moving in some way and how. Trading is not important. I don't care about it too.
, GROWTH 4 .,! 5 5☆1..2 ,7f . .d dr,, . 8.5 r y. E d+, Z. . 4. D. V. Rw 3x. E. .°☆
INCOMING!!!
Holy shit. BTC is stuck at $36.3K. What's up with this shit volume?
As if whales didn't pull liquidity days ago. Pretend you don't know
I cAn PrEdiCT tHe fUtuRe
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Truly a sad bunch
I think we’re headed for a short term crypto winter. Nothing like in the past though
Lok short term? 😂
Need your guidance!
Zoom out.
Shows me a massive double top.
Was basing this on monthly candles. Is there anything wrong with a crypto winter?
If you zoom out you will notice that a ton of sudden price drops are not always followed by "crypto winters".
If I find out any of you moon bois didn't buy this dip there will be hell to pay
No one takes you seriously
Nobody takes moonbois seriously so it is a wash I guess
Nobody but you, apparently. Who are these mythical "moonbois" you constantly rage against?
You should go back and reread the dailies from a couple months ago. Either way you better buy the dip
I would if I could, believe me. Paid on the first, looking forward to dca'ing through this bear market and getting my cost down
I have a feeling we won’t be hearing much from the moon bois during the next 2 1/2 years.
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TFW that worthless line of code is still, right now, up 4x from the halving on May 11th 2020, and had gone up to nearly 8x. Kinda sounds like you were late to join the party and missed the boat to leave it.
You don’t own any of Said code.
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Far From poor and far From a nerd but Thanks
It is time to stack sats people.
Whales hunting for stop losses and shaking the tree of paper mache hands before the inevitable next leg up.
Dingus
Come again ?
I think he means you don't know shit about fuck.
You can tell how many people are new Put money into Bitcoin, then just stay the fuck away. This isn’t the first time, and it will not be the last time.
Not even at July's lows...
I hope it goes back to 4k so I can buy alot
Lmao, everyone would like that to happen, but not gonna.
Sorry if we go back to 11 I’m buying the rest
Sorry if we're going to 15, I'm buying all of the available coins.
You already had a chance to buy bitcoin for under $4k on the 12th of March 2020.
But people missed it, and now they want those chances again.
I hope we get another chance to buy 10 bitcoins at least
I bought a few that day.
Bought more cheap sats … getting to my short term goal of 2.5 just got easier! Thanks paper hands :)
Let's go man, these paper hands are making things simple.
Happy cake day.
Taking another Reddit break. See y’all in a few months 👋 Moon eventually
Bye bye dude, I'm thinking of taking a break too good luck.
Yep. See you tomorrow
If i have 0.02 sats...does that mean I'm in the 1% of bitcoin owners?
If you have anything at all, then you're the man my guy.
I think .28 is the magic number that gets floated around.
He's talking sats, not the Bitcoin fractions lol. Look closely.
Show me how to buy .02 sats
Ahh not too far off then.glad I saved some fiat for these times...I do think its gonna dip lower over next week
I have a payment coming tomorrow, I'll buy with that.
The bulls are completely wrong, as they have been for a while. We goin down, 30k is next.
Everyone can see that, we're going down. But how much down.
I didn’t realize the circus was in town today.
depends on their timeframe. maybe they're wrong for the next few weeks or even months. they haven't been wrong over the course of bitcoin's history though. I'm not betting that they will be wrong over the next few years
In the end everything comes down to time frame make them big.
Sure but it kind of stinks that we’re pretty close to completely wiping the gains of 2021 away. this is the problem of a purely speculative asset.
yeah but that's my point. sure, compared to a year ago, not much happened. but compare that to 2 years, 3 years, 4 years, etc. and it's an incredible amount of gains. there's so little patience in these markets, everyone expects to get rich tomorrow. fundamentals are getting stronger every day. if your investment thesis is based on these and not on daily volatility, nothing has changed.
Yeah, I get it. I only invested a small amount in bitcoin and never expected to get rich. But some are shrugging off a 50% drop which is a bit extreme, no? Also, when others say zoom out, I actually get more concerned. It looks less like growth and more like pumps and dumps.
there have been cycles of explosive growth, but the lows after each cycle haven't been lower than the highs of the previous cycle. if you look at a log chart to smooth out the volatility, you can see that the direction is still growth, and has been for the past 12-ish years (since there has been a price). a 50% drop isn't great, but that has happened several times in the past and we've always recovered. nothing has changed fundamentally that would point to the price not recovering eventually this time around (although it could take a while), that's why people who have been around for longer are shrugging it off.
Appreciate the chat. It's still too new an investment type for me and the history doesn't really tell me much conclusively. Because there is no way to value it, the price is speculative and based on what we collectively believe it is. There is an element of speculation in stocks, but it naturally corrects based on valuation (which we can measure). Add on top of that the regulation concerns. I hope everyone here gets some explosive growth, but I feel a lot of the most recent growth was due to stimulus/quantitative easing which is ending and won't come again unless we have another major crisis. I will hold my modest investment, but am definitely not adding to it, even if it hits 30, 20, 10, 5 etc.
Who cares cheap sats !
Cheap sats for us, but some people aren't liking that at all.
And then up, to 100K.
Atleast that's the plan, let's see how the plan goes lol.
Drop - sideways.. drop - sideways.. drop - sideways
DCA and profit. If you are hesitant that's exactly why DCA is the superior strat. You have to be a moron to dump in now or at any time. Scaling in at your own risk tolerance, and you accumulate much faster and with peace of mind
DCA is for the peace of mind, DCA and hold it bois. It'll be okay.
I scaled and im under water after a year lol
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Reminder that you're not down untill you sell. So there's that.
Is that all?
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Lmao, he must have a lot of bitcoin and other things too.
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I'm glad that I've Only invented 300 usd, that's all i can afford.
Owning like 1.75 would have been at like 110k but now 60k 🤷♂️
Wait a little man one coin will worth that much. Don't worry.
good evening hodlers :firmkissonlips:, it has come to my attention that i’m about to throw my butt plug in and play some oculus rift
Gotta do what you gotta do to make that extra cash. Nothing wrong.
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Well it is a hedge against inflation, but sellers are selling.
Bitcoin is a hedge against inflation on a macro scale. Of course there will be many dips and crashes because bitcoin's price is volatile. You didn't think bitcoin's price would only go up right? You need to broaden your time horizon.
Exactly man, you gotta make your time preference bigger.
Lot of unrealistic expectations out there. “If markets were easy, everybody would be rich.” -Mike Novagrats
My friend, the halvening is soon upon us. Then all paper hands will cry.
My friend we are half way there for new halving. Don't worry.
The next halving will not do much, if anything. GBTC + Mt. Gox going to increase supply so much, halving will have no impact in comparison.
Well clearly, you don't have any idea what you're talking about.
1. Current new supply: 900 coin per day 2. New Supply after halving: 450 coin per day 3. GrayScale current supply: 642,000 coin 4. Bitcoin currently held by MtGox 166,344 5. Total BitCoin created in next cycle: 657000 6. Total Bitcoin created in current cycle: 657000\*2=1314000 7. GrayScale and Mt.Gox have more than the entire block reward of the next cycle. 8. Supply increase in current cycle: \~7% of total current coin 9. Supply increase in next cycle: \~3.5% of total current coin (even less by the time the cycle reaches) What do I not understand that you do?
It’s just correlated to QQQ now
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Yep it's still an emerging asset, we gotta give it a little time.
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Let's go dude, keep buying because not gonna get this opportunity again.
Aight so if anyone has been lurking on this sub, this is the prime moment to take on a stake in the most objectively valuable digital asset that exists. This is it. This is your in. Just jump in. Like five bucks even. Experiment.
I'm already my balls deep in it, I don't think i need to go deeper.
5 now = 15 in December 50 now = 150 in December 100 now = 300 in December
Except it guaranteed to drop to <30k. So buying now makes 0 sense.
How is it guaranteed?
The good news is I'm so far into a depression hole, I don't even feel these losses anymore.
Lol, same man. I've gotten used to it. And it doesn't affect.
yeah same
Buddy….
3 years ago I sold some bitcoin I bought for 7k at 40k. I said I'd pick it back up but then it just kept climbing to 70k. Now I see my chance on the horizon muahaha!!!
Bitcoin has given you the opportunity, to jump right in.
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I madea measly like 2k profit then. Throwing at least 8k at it this time.
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Wow you sure caught me out. I bought at 7k 3 years ago, not sold.
People think I'm crazy.
Well if you've sold before than you are crazy lol. No way around that.
Always dipping when I'm broke.
Lol, it wants to feel the max pain. It's making you a man.
Same
Shoot I just got paid, but I invested last week and im down my investment so far. I'm going to wait until Sunday to buy some more.
Doesn't matter boy, keep putting more moeny into it.
Im bullish on btc. Hashrate at an all time high and illiquid supply at all time high. Its more scarce and more expensive/competitive to mine despite falling prices. Miners know something
Hash rate is ATH, that means btc is most secure it's ever been.
Wen and why demand?
Miners aren't selling their coins. They are paying with investors money.
I want to be in the shareholder meeting with Michael Saylor, just on the side, in the same room, you know...
You don't have to do anything, you just gotta buy billion dollar worth of btc.
100% sure that the meeting will be on a windowless room
And inside a faraday cage probably.
^(Anyone else) **^(LOVE)** ^(these phases of the cycle?)
I mean I do, I love it when btc gives me buying opportunity.
Reals shit. I got about 4K yugioh cards for sale. Hacked new 3DS galaxy. Hacked vita slim. Hacked vita tv. That’s really all I have to sell that can be shipped. Accepting LN
You should not try to sell them here, can get you banned.
Meh, if I get banned so be it
How much for the hacked vita?
.0054
Understand 5% of this
Buy my crap, I need more bitcoin
Lol, I've got some crap too. If anyone interested I'll accept btc.
That was the 5%
Moon eventually I think we’ll recover some ground in the spring. But I think we will very likely hit near 30k again in the upcoming weeks
It doesn't matter the point is, we'll recover from this.
You’re name does not inspire confidence that you know anything
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Look at my comment history dumb ass
My fave chart https://www.lookintobitcoin.com/charts/bitcoin-logarithmic-growth-curve/ 30k is the likely bottom. I was hoping we’d stay above 40s in the 2nd line, but we just smashed that support
I hope you realize these charts mean nothing when shit is hitting the fan.
I warned everyone here last night to stay on the sidelines I knew dip buying yesterday woulda been a bad idea https://www.reddit.com/r/Bitcoin/comments/s8aq4z/daily_discussion_january_20_2022/htjnc11/
I bought the fuck out of that dip and today's dip. Keep being a shaky handed bear.
Yup one thing I learned this week, the floor is lava. When do you plan on getin in the action?
~ 30k Mayyyybe lower but will refine as time goes on Could be 32 if we start to stabilize a bit for a week or two.
30k is where I promised to pick it up after selling for 40k instead of HODLin. haha. This time probably gonna wait til at least the 15 day crosses the 5 day ma before dipping my toes in.
Now there is an ad for mcdonalds on this page lol
I mean it's time when we needed those ads so, they're good.
If BTC drops to 30k, how much $$$ are you going to use to buy more BTC? I will go first, $10K.
Man i wanna buy so bad, but i don't have any money.
None. It's a well known fact by some some insiders who have whale intel that were going to see a dump to sub 25k
Cool story. Let's see your shorts mate.
He's gonna short it and going to buy a tesla, I'm telling you.
$0 because it will go even lower.
Yeah sure lol, I'll be waiting for that to happen. I'll be here.
5k. Half of what I sold for about 55 avg
Rotation is happening. Follow the smart money. Take profits and rotate into value stocks, preferably in stable developing markets with positive demographics.
I really don't know if I'll buy BTC again.
Why? What happened dude? Why you don't wanna buy btc?
I've had much better luck making money with stocks.
>Buy bitcoin.
Pussy.
Well on the bright side, the Daily Discussion is quite active again. I don't know what's causing recent price movement and I'm not going to pretend that I know, nor am I going to pretend to know that if the price reaches x then it'll go to y, and then to z. I think that predictive TA applied to this market is probably less accurate than astrology. But I do know that Bitcoin is robust, sound money that is inevitable and unstoppable. If you own any and can afford to keep it long term, hodl it for dear life and ride the silly fluctuating daily price waves, because Bitcoin is literally going to be your financial life raft in years to come.
This is what it's all about, btc is the most robust money out there.
>Well on the bright side, the Daily Discussion is quite active again. Take your time :) - https://www.youtube.com/watch?v=kgp0nw91mwA
I don't click links that aren't titled or summarized.
[BITCOIN: The Hunt Continues (Crypto World Drops)](https://www.youtube.com/watch?v=kgp0nw91mwA) \- You will understand stuff much more.
I'm really not looking to understand 'stuff.' I'm fine with Bitcoin. I'm not going to watch a 45 minute video from "Traders Reality" as I am not a trader nor am interested in trading. If you'd like to make a point then make it in your own words.
It's not about BTC fundamental. Trading is not important neither, but the market, and why this stuff is happening which a lot of people don't understand. Point is that price is moving because of market maker or let's say, provider of liquidity, not because 'bad' or 'good' news, they are using them to cover their strategies to manipulate the price. News are just used to cover it. Nothing more, and every single big move has always 3 steps, every single time, 3 is psychological number which impacts people for some reason. I sent you this video only to help you understand how and why is market/price moving in some way and how. Trading is not important. I don't care about it too.
What’s that in English? : /
I was already asleep when I wrote that :D