Bitcoin Down

[Pink24]

Bitcoin seems to be on a non stop drop.

It's dropped a massive £12,000 in the last week or so.

Panic setting in yet, sweats?

Elon didn't help but the top was tested. This was the inevitable outcome. I think it will continue to drop, maybe as much as another 10k and then static bullshit for years.

[trevesty]

According to people who profit off of BTC rising, it is the future.

[JSWENSON]

Originally Posted by trevesty

According to people who profit off of BTC rising, it is the future.

According to the people crying about it it will never hit $100, $200, $500, $1000, $5000, $10,000, etc etc etc. Just buy some already and quit being angry about it.

[Sergio]

Time to buy

[LetterTwenty7]

Originally Posted by Pink24

Panic setting in yet, sweats?

For people who want to buy and hold for X years, this is good news. There is no reason to panic unless you want to cash out and buy a house right now, for instance. At least that is how I look at it.

[CAHEK]

Elon Pump bought at 35k USD i believe , he is not loosing anything. Made some money on his investment , better then put in bank account and getting zero interest.

Bitcoin will be never used for paying regular things , it will be used mostly for storing wealth like bank account and getting some returns back)

There is big pullback in crypto and everyone moved into silver and gold. Inflation is allready here.

[Alex BongaCash]

Biggest amount of short positions now on the market for the last year

[nikki99]

[Tasty1]

41.000/42.000 is big resistance, i advised a few weeks ago to buy on this dip This is a point where it can go up fast, or more down in my opinion. They are fighting to keep the Bull market alive this week, if it closes under around 46.000 next sunday we are official in a bear market. If you want to be sure, wait till it choose a direction before buying.

Going sideways is best, than we can make most with other coins.

Elon Musk is just stupid and goes for his own billions. Dumping bitcoin from tesla 2 weeks before his announcement that it isn't green and promoting doge, that is equal not sustainable and being mined. Maybe he forgot what 'mining' was. And than someone tricked him in retweeting a message so people thought he supported that message. Musk is a clown, Tesla only runs on tax money where the stockholders profit from and taxpayers paying for. Nothing Green about a Tesla.

[verybadsanta]

Just bought a bit more while the price is good )

[CAHEK]

China cracking down on crypto currency. Not good news. Down 10 % in single day lol

[The Porn Nerd]

Down over 30% since its' recent high of $61,000.

So I am down 31% as of this writing. HODL for dear life y'all!

[Biggie Smalls Web Writing]

My guess, it can go even lower, down to 35k before it reaches 65-70k but not before fall.

[adultchatpay]

Market is all red at the moment, good time to buy your favorite crypto.

[Sergio]

Originally Posted by adultchatpay

Market is all red at the moment, good time to buy your favorite crypto.

Or wait, it will go more down

[manilaagent]

A good time to buy .

[adultchatpay]

Originally Posted by Sergio

Or wait, it will go more down

true, i am waiting for it to go down a little bit more and gonna buy a small amount of ETH

[NicoleGrey]

These are great opportunities to add more bitcoin to your portfolio.

[jscott]

Anyone scared right now probably shouldn't be investing, especially in crypto.

Now is the time to buy. Even though it'll probably drop more, you have to accept that you're not going to time the bottom exactly.

[Webster01]

Originally Posted by jscott

Now is the time to buy.

If the dip doesn´t stop for BTC the others go more down as well tomorrow and maybe Friday. It´s a good idea to wait with buying...

[Holy Damage]

[Pink24]

I agree. I'd give it another week or so. This bad boy is going down down down.

[Webster01]

Damn... it goes real deep down now!

[CAHEK]

I told before BTC will crash. Buying now its like catching falling knife. Let it settle first.

[CaptainHowdy]

Isn't that what Bitcoin do ? ?

[adultchatpay]

damn, down to around $35k now. ETH is at $2.3k from $4k couple of days ago.

[nikki99]

I lost everything

[trevesty]

Originally Posted by JSWENSON

According to the people crying about it it will never hit $100, $200, $500, $1000, $5000, $10,000, etc etc etc. Just buy some already and quit being angry about it.

I've never said any of that, and I do own some. I find it remarkably silly to have an emotional attachment to a commodity, but thanks for projecting.

[lezinterracial]

it will all be okay. History repeats itself.

[Ferus]

https://cryptowhalex.medium.com/here...n-a0acbf90440e

Read the part about Michael Saylor

[jscott]

Originally Posted by Ferus

cryptowhalex.medium.com/heres-why-institutions-are-slowly-losing-confidence-in-bitcoin-a0acbf90440e

Read the part about Michael Saylor

Garbage article from CryptoWhale a known scammer.

[Ferus]

Originally Posted by jscott

Garbage article from CryptoWhale a known scammer.

His statements about Michael Saylor are backed by facts - dont care about their agenda, persona or history - just facts.

That said, I'm not saying Bitcoin is going up or down - just referring to the stories.

[jscott]

Originally Posted by Ferus

His statements about Michael Saylor are backed by facts

Saylor accused but never indicted. If you have problem with real frauds you need to star ragging on Wells Fargo, HSBC, JP Morgain and the rest. (edit: Saylor openly talks about that situation in some interviews, check those)

This CryptoWhale is probably Bitfinexed, guy spends all his days trying to FUD Bitcoin. Look what he says about Tether: "Tether caused the bull run"

To anyone reading the article, check the other articles he writes, all aims to FUD, scams, lawsuits, lies & attacks to anything related to BTC.

[jscott]

Originally Posted by Ferus

His statements about Michael Saylor are backed by facts - dont care about their agenda, persona or history - just facts.

That said, I'm not saying Bitcoin is going up or down - just referring to the stories.

Fact is, Saylor/MSTR have not sold Bitcoin. He says they never have, and fact is they never have

from this:

To keep Michael Saylor’s promises (lies) of “never selling Bitcoin for hundreds of years”, and protect their companies image, they are using a deceptive tactic to offload their Bitcoin holdings near the peak.
They’re using their reserves to pay directors with Bitcoin (who will later sell, and convert it to cash), so they can avoid filing their sell orders with SEC, and the public. Another genius, but deceptive move.

1. where's proof of this?
2. does this mean he's selling or not?

You have to remember, some of these Crypto dudes hate BTC and want it to fall , in hopes their shitcoin can take its place, this guy is exactly that.

[Ferus]

Originally Posted by jscott

Fact is, Saylor/MSTR have not sold Bitcoin. He says they never have, and fact is they never have

Saylor/MSTR might not have "SOLD" bitcoin, but you can see the statement where they are paing their own Board of Directors in Bitcoin instead of Dollars, and that is the same as selling, dont you agree?

[jscott]

They're not forcing their employees to be paid in Bitcoin.

It's a pro-adoption move. "Want to be paid in BTC or cash?" They're heavily invested in BTC ofc they're going to push adoption, first with their own company/employees.

[jscott]

... every single post on the scammy/CryptoWhale medium page is negative about Bitcoin/crypto, except one promoting Dogecoin

[Ferus]

Originally Posted by jscott

They're not forcing their employees to be paid in Bitcoin.

It's a pro-adoption move. "Want to be paid in BTC or cash?" They're heavily invested in BTC ofc they're going to push adoption, first with their own company/employees.

So you dont agree? or how am I to understand your reply? How is that not selling Bitcoin when you trade Dollars for Bitcoin?

You dont have to agree, I'm just genuinely curious about how you see it

[jscott]

Selling would be to exit their position on BTC and take profit.

Offering employees to be paid in BTC (who may or may not take BTC) is an attempt to push adoption.

[Ferus]

Originally Posted by jscott

Selling would be to exit their position on BTC and take profit.

Offering employees to be paid in BTC (who may or may not take BTC) is an attempt to push adoption.

They are not employees, but that is a minor details, so lets skip that.

But they are using Bitcoin from their investment to pay the Board of Directors.

If they bought new Bitcoin to pay the Board of Directors, then I would agree with you, but right now they are eating their own stock.

Source is their own website:
https://www.microstrategy.com/en/inv...ees-in-bitcoin


Edit: I take it back
I'm leaving my original statement, because I want it to be transparent.
The document now reads "At the time of payment, the fees will be converted from USD into bitcoin by the payment processor"

I dont know who the "payment processor" is - dont know if its internal or external, so I dont have facts to cover the claim.

[LeMeLiN]

ist not surprising its cant be up everyday .

[SekobA]

It cant go up all the time.. Its up or dawn..
Logic.. You invest wait for a momwnt when it goes above your investment and sale it to enjoy the interest

Never wait the top of the spiral

[nikki99]

going down again

[CaptainHowdy]

Originally Posted by nikki99

going down again

I love when things go down . . . especially (or essentially) girls (and t-girls),

[juicydiva]

A 100% drop and i may think of some 25$ investing in it

[Sergio]

In the opinion of a trader friend of mine, it will fall to 10k by September, and then it will start to grow again and reach 100k

[VRPdommy]

Originally Posted by Pink24

Bitcoin seems to be on a non stop drop.

It's dropped a massive £12,000 in the last week or so.

Panic setting in yet, sweats?

Elon didn't help but the top was tested. This was the inevitable outcome. I think it will continue to drop, maybe as much as another 10k and then static bullshit for years.

While everyone has someone to blame for massive swings (most complaints are on the drop), this will never be viable until...

The people buying it are using it for spending and not as a investment instrument or hiding transactions !

Everyone is investing in it as a good faith it will be exchanged for things in good faith backed by nothing more.
At the same time, not many are using it in good faith for exchange of goods and services.
Faith in what ? Buy it so others can keep from loosing on their investment ?
Until this changes, your 'investments are always at complete risk'.

[jscott]

Originally Posted by VRPdommy

While everyone has someone to blame for massive swings (most complaints are on the drop), this will never be viable until...

The people buying it are using it for spending and not as a investment instrument !

That's what super awesome about Bitcoin, BTC is finite so its properties are superior to gold, AND it can be used as instant transfer for cheap. It's a tool to be used by each person as they wish.

Protect your time/value against the inflation theft, SoV (store of value)
or
Use as means of payment, value transfer on-chain (today I was paying $0.30 cents for quick txns) or Lightning/Liquid for instant/free (with a little more work)

[CaptainHowdy]

Originally Posted by Sergio

In the opinion of a trader friend of mine, it will fall to 10k by September, and then it will start to grow again and reach 100k

[CaptainHowdy]