Bitcoin Price Thread

[orbit23]

I was getting a little worried. Just recently the Bank of Canada announced high interest rates will most likely go for a very long time (much more than anticipated). Also big warnings of sharp downturn happening, not to mention the banks here are in worst shape they've ever been.

Sold another 10 of my BTC CALL contracts today and closed out Ethereum futures to take advantage of the day and wind down more positions at a profit.

The news posts here on funds isn't anything new. It's expected stuff that was already priced in.

I congratulate everyone who pulls money out of this trash ponzi asset.

But the ones who call for $1M bitcoin and try to sucker new people into this cult are the culprit of this mental plague.

If you admit that it's a ponzi-fueled pump and dump bubble and you are just trying to make money off of it. That's okay.

But the ideas that Bitcoin is some revolutionary idea that will make you grandiose wealth by buying at these prices is beyond asinine.

 

[semperfrosty]

I congratulate everyone who pulls money out of this trash ponzi asset.

But the ones who call for $1M bitcoin and try to sucker new people into this cult are the culprit of this mental plague.

If you admit that it's a ponzi-fueled pump and dump bubble and you are just trying to make money off of it. That's okay.

But the ideas that Bitcoin is some revolutionary idea that will make you grandiose wealth by buying at these prices is beyond asinine.

It's not for you.

Move on.

Bitcoin isnt for everybody.

 

[semperfrosty]

It's not for you.

Move on.

Bitcoin isnt for everybody.

To quote Ricky Gervais:

“That’s like going into a town square, seeing a big notice board and there’s a notice with guitar lessons, and you go, ‘But I don’t f*cking want guitar lessons!’”

Mimicks complainant dialing the number on the imagined notice and telling the person on the other end of the phone: “Are you giving guitar lessons? I don’t f*cking want any.’”

Reverting back to narrator mode, “Fine, it’s not for you then. Just walk away”

 

[long]

I congratulate everyone who pulls money out of this trash ponzi asset.

But the ones who call for $1M bitcoin and try to sucker new people into this cult are the culprit of this mental plague.

If you admit that it's a ponzi-fueled pump and dump bubble and you are just trying to make money off of it. That's okay.

But the ideas that Bitcoin is some revolutionary idea that will make you grandiose wealth by buying at these prices is beyond asinine.

I wouldn't call it a Ponzi scheme as it doesn't have a mastermind behind it who is lying to people to get new funds. I've previously called it a decentralized Ponzi scheme but now I think of it more like a multi-level marketing system. Like Amway and Melaleuca, it's here to stay. And if it's here to stay it's most likely going up as more people join the party. Party on dudes!

 

[SunTrader]

To quote Ricky Gervais:

“That’s like going into a town square, seeing a big notice board and there’s a notice with guitar lessons, and you go, ‘But I don’t f*cking want guitar lessons!’”

Mimicks complainant dialing the number on the imagined notice and telling the person on the other end of the phone: “Are you giving guitar lessons? I don’t f*cking want any.’”

Reverting back to narrator mode, “Fine, it’s not for you then. Just walk away”

Ricky is too funny.

But if everyone did that .... there would be no social media to speak of.

Make that anti-social media.

 

[Frederick Foresight]

I wouldn't call it a Ponzi scheme as it doesn't have a mastermind behind it who is lying to people to get new funds.

I get the sense that the "whales" are more or less painting the tape. If so, that makes it somewhat oligopolistic, which, just for the sake of argument, doesn't necessarily preclude a Ponzi.

 

[johnarb]

It's not for you.

Move on.

Bitcoin isnt for everybody.

orbit23 has gone mental on bitcoin and crypto, over and over telling everyone to sell before the bitcoin spot ETF's and afterwards kept going on and on and on to sell before Tether blows up

Now he's blaming people who are bullish on Bitcoin going to $1M

orbit23 is a sad troll now looking for all the buttons he can push

Bitcoin will to go $1M per btc before 2030, and by 2038 it will hit $10M per btc

It's simple math. Fidelity thinks $1B but I think it's too bullish

2028 another halving, 2032 another halving and 2036 another halving, bitcoin will be extremely extremely scarce asset

 

[orbit23]

orbit23 has gone mental on bitcoin and crypto, over and over telling everyone to sell before the bitcoin spot ETF's and afterwards kept going on and on and on to sell before Tether blows up

Now he's blaming people who are bullish on Bitcoin going to $1M

orbit23 is a sad troll now looking for all the buttons he can push

Bitcoin will to go $1M per btc before 2030, and by 2038 it will hit $10M per btc

It's simple math. Fidelity thinks $1B but I think it's too bullish

2028 another halving, 2032 another halving and 2036 another halving, bitcoin will be extremely extremely scarce asset

I DESPISE this space.

Having that said, what are some interesting meme coins at the moment?

Because what i am seeing right now is people talking about how bearish they are on meme coins. (donalt on crypto for example, and also seeing others)

But then at the same time the GME degens are eyeing meme coins.

https://twitter.com/x/status/1791145892340261175

So you have people willing to short these shitty assets, but then this retail flow can create enormous force and make big price moves on these assets that have such thin liquidity.

 

[themickey]

"NiggaButt".
LMAO

 

[maxinger]

orbit23 has gone mental on bitcoin and crypto, over and over telling everyone to sell before the bitcoin spot ETF's and afterwards kept going on and on and on to sell before Tether blows up

Now he's blaming people who are bullish on Bitcoin going to $1M

orbit23 is a sad troll now looking for all the buttons he can push

Bitcoin will to go $1M per btc before 2030, and by 2038 it will hit $10M per btc

It's simple math. Fidelity thinks $1B but I think it's too bullish

2028 another halving, 2032 another halving and 2036 another halving, bitcoin will be extremely extremely scarce asset

Come on!
Be nice to him.