Bitcoin Price Thread

QQQ down 10% and Bitcoin May 2022 Futures (BRR) is down 25% in the last 3 trading days. So in line with the 2-3X QQQ performance continues. Interesting that ETH futures are only down 22% -- maybe NFT adds value for Ethereum.
 
Well the bargain hunters stepped in , after the flush, and news that this package will be given free to all new BTC buyers. Quite the inducement !

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nitrene said:
QQQ down 10% and Bitcoin May 2022 Futures (BRR) is down 25% in the last 3 trading days. So in line with the 2-3X QQQ performance continues. Interesting that ETH futures are only down 22% -- maybe NFT adds value for Ethereum.
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Yeah, those 4K ETH buyers sure knew what they were doing.
 
JackMorgan said:
"Compared, it looks like BTC functions as a 3x leveraged ETF to Berkshire, with a bias to the upside of almost 3x."

Quote of the century.
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Well imagine the volatility in the stock market is like rat poison because it is reacting to so much mismanagement of the US dollar. The perennial bull is like the bait, but then the bait turns out to be poisoned and your portfolio gets sick if you don't do something. Berkshire is like bait that makes you think good stock picks will prevail, only to be turned to poison by the same mismanagement of the dollar. Because BTC is correlated to Berkshire with 3x leverage and 3x bias to the upside, BTC is like rat poison squared. If you get in at the top it could almost kill your account. So you have to pick your poison now they are correlated.
 
30K is well-tested support.

it has not been broken decisively.
It will take some major event to break that support.

if it is broken decisively, the next target might be 10K, 1K, 100 ....
 
I hear theres a disturbance in the matrix as Terra and Luna devolve before our eyes into their prime components

Sludge and Wastewater

We need some of these to go to ZERO overnight . and soon
 
Good1 said:
Well imagine the volatility in the stock market is like rat poison because it is reacting to so much mismanagement of the US dollar. The perennial bull is like the bait, but then the bait turns out to be poisoned and your portfolio gets sick if you don't do something. Berkshire is like bait that makes you think good stock picks will prevail, only to be turned to poison by the same mismanagement of the dollar. Because BTC is correlated to Berkshire with 3x leverage and 3x bias to the upside, BTC is like rat poison squared. If you get in at the top it could almost kill your account. So you have to pick your poison now they are correlated.
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If you really think its correlated to BRK , without any rational reason, you can probably get a lifetime disability check. Just get some shrink to sign off on it

More likely you're just trolling , but you never know. Some people bite the heads off rats.
 
deaddog said:
19-20k more than likely; The 2017 highs.
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The bull market high of $1,400 in 2014 was not revisited by the bear market low of 2018-2020

Will the bull market high of $20,000 in 2017/18 be visited by this current bear market?

I do not think this will happen, but I'm biased

We shall see soon enough, there's still a lot of months left for 2022
 
JackMorgan said:
If you really think its correlated to BRK , without any rational reason, you can probably get a lifetime disability check. Just get some shrink to sign off on it

More likely you're just trolling , but you never know. Some people bite the heads off rats.
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What do you mean by correlated? There's high correlation and low correlation. An ETF would be high correlation. BTC is not that highly correlated, but it IS correlated in the timing of the major highs and lows. You don't want to admit that both BERK and BTC are correlated to the stock market?
 
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