Bitcoin Price Thread

Just bounced hard off the 2017 high.

Screenshot_20220613_224517.png


Significant?
 
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If I recall, 21000 was a significant number for Michael Saylor's Microstrategy. But he just posted laser eyes.


His lightning eyes wouldn't influence my decision.
Even if he has a halo & a third eye, it wouldn't influence my decision.

It is not a significant support/resistance line.
 
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https://finance.yahoo.com/video/crypto-short-sellers-rake-nearly-200016381.html
Crypto short-sellers rake in nearly $4 billion amid sell-off


https://finance.yahoo.com/m/19369f01-8e1e-3cfc-84d4-60555203fe4a/days-after-celsius-paused.html
Days after Celsius paused withdrawals, another crypto lender Babel Finance followed suit


https://finance.yahoo.com/m/d15e3fe7-5064-3c55-aea3-468acb867a04/crypto-bank-runs-are.html
https://finance.yahoo.com/m/d15e3fe7-5064-3c55-aea3-468acb867a04/crypto-bank-runs-are.html


I agree:

Crypto's are really a safe vault for future and will protect you against inflation.

You can transfer money in seconds, but you have to be fast to change it for fiat currencies as crypto's can lose 10-20% in seconds too.

ROFLMAO
 
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https://fortune.com/2022/05/04/michael-saylor-microstrategy-margin-call-bitcoin/

A Bitcoin margin call. If the world’s leading cryptocurrency drops below $21,000, Michael Saylor’s MicroStrategy will be forced to pay up

Well, we went under $19,000.

MicroStrategy’s stock is down roughly 85% from its February 2021 all-time high closing price of over $1,000 per share.

Saylor:"But again, we're talking about $21,000 before we get to a point where there needs to be more margin or more collateral contributors. So I think we're in a pretty comfortable place where we are right now."


I have the impression that the pretty comfortable place changed a bit. But Saylor is not the only one with a small problem.
 
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Im confident that all the fine people who have been pimping and touting crypto , will come to your bankruptcy proceeding.

Such a fine and sincere crowd.
 
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