Bitcoin Price Thread

[Specterx]

A couple crypto-related headlines:

‘I’m Prepared To Lose Everything Over Bitcoin,’ Says Trader

A prominent figure in the crypto world, known as The Bitcoin Therapist, has confessed to staking his entire fortune on Bitcoin’s success. Despite acknowledging the risk, he stated he’d rather lose everything than miss out on what he believes is the opportunity of a lifetime. Read the full article here.

‘Rich Dad Poor Dad’ Author Says Bitcoin Is The Simplest Way To Become A Millionaire

Best-selling author Robert Kiyosaki believes that Bitcoin is the simplest route to millionaire status, emphasizing its potential over entrepreneurship. He stated that making millions as an entrepreneur is hard, whereas Bitcoin does the hard work for him. Read the full article here...


This sort of stuff is characteristic of a market which has jumped the shark of hyper-bullish euphoria, and pricewise is at or near a peak of some significance. Manage risk accordingly.

 

[orbit23]

(BLOOMBERG) ........ this morning

Dollar nears high
The dollar, meanwhile, is flirting with a new 2024 high as elevated US Treasury yields and investors seeking shelter from political uncertainty in Europe flock to the world’s reserve currency. The Bloomberg Dollar Spot Index is a whisker away from levels last seen in November, while the premium paid to hedge against the US currency gaining has risen to the highest level in over a year.

Yes, the almighty dollar. It looks super strong.

it's exactly what i am saying. When people think some magical internet money coins are going to save them from dollar collapse, it's a sign of a major, major market top.

But just look at what happened all the altcoins. Down -60% to -90% from the top in March.

YET, magically, Bitcoin remains at the highs. How is this possible? I am sure the $25B of printed Tethers since March have ABSOLUTELY NOTHING to do with keeping the price up this high!

Bitcoin is a ponzi scam coin, once Tether gets unravelled it will plunge like a rock. Straight below $10K, you won't have enough time to sell.

.. But Tether is still alive and printing. So we are looking for bottom somewhere there IMO (or maybe i've been bulltrapped by the ponzi scheme as well)

Funding rates are negative/neutral (and have been for a while), there are a lot of liquidations above $70K. Disproportionate amounts compared to if price moves down.

All this market does is print Tethers to liquidate shorters and lure in retail and now the institutional buyers through ETFs.

 

[semperfrosty]

Yes, the almighty dollar. It looks super strong.

it's exactly what i am saying. When people think some magical internet money coins are going to save them from dollar collapse, it's a sign of a major, major market top.

But just look at what happened all the altcoins. Down -60% to -90% from the top in March.

YET, magically, Bitcoin remains at the highs. How is this possible? I am sure the $25B of printed Tethers since March have ABSOLUTELY NOTHING to do with keeping the price up this high!

Bitcoin is a ponzi scam coin, once Tether gets unravelled it will plunge like a rock. Straight below $10K, you won't have enough time to sell.

.. But Tether is still alive and printing. So we are looking for bottom somewhere there IMO (or maybe i've been bulltrapped by the ponzi scheme as well)

Funding rates are negative/neutral (and have been for a while), there are a lot of liquidations above $70K. Disproportionate amounts compared to if price moves down.

All this market does is print Tethers to liquidate shorters and lure in retail and now the institutional buyers through ETFs.

You didnt think it would go higher than $7000 though so its not like you even remotely know what youre talking about.

You need a disclaimer in your signature so people are aware.

 

[semperfrosty]

A couple crypto-related headlines:

‘I’m Prepared To Lose Everything Over Bitcoin,’ Says Trader

A prominent figure in the crypto world, known as The Bitcoin Therapist, has confessed to staking his entire fortune on Bitcoin’s success. Despite acknowledging the risk, he stated he’d rather lose everything than miss out on what he believes is the opportunity of a lifetime. Read the full article here.

‘Rich Dad Poor Dad’ Author Says Bitcoin Is The Simplest Way To Become A Millionaire

Best-selling author Robert Kiyosaki believes that Bitcoin is the simplest route to millionaire status, emphasizing its potential over entrepreneurship. He stated that making millions as an entrepreneur is hard, whereas Bitcoin does the hard work for him. Read the full article here...


This sort of stuff is characteristic of a market which has jumped the shark of hyper-bullish euphoria, and pricewise is at or near a peak of some significance. Manage risk accordingly.

Ever since I stopped getting my shoes shined,Ive had trouble picking market tops.

 

[Specterx]

Ever since I stopped getting my shoes shined,Ive had trouble picking market tops.

Yeah, I mean you can see these headlines and the thing keeps going up another 50-100% over 6 months. OTOH, when it comes to BTC in the current moment, there’s the added rub that bullish momentum has already died.

 

[orbit23]

'Next FTX' crypto giant Tether's ties to terrorists, trafficking to be exposed through campaign to take down 'Ponzi scheme' founded by former Disney child star | Daily Mail Online

 

[schizo]

'Next FTX' crypto giant Tether's ties to terrorists, trafficking to be exposed through campaign to take down 'Ponzi scheme' founded by former Disney child star | Daily Mail Online

Of all the articles circulating on the web, you had to go with the one by Daily Mail, eh?

So what the hell is it? Ponzi or money laundering? Next time, stick to one for crying out loud and make your case.

Also don't think I'm saying this in defense of Bitcoiners. I'm not. But just how long have you been saying this same crap about Tether? If you were at all serious about it, you should have come up with some real credible evidence by now.

 

[schizo]

Yeah, I mean you can see these headlines and the thing keeps going up another 50-100% over 6 months. OTOH, when it comes to BTC in the current moment, there’s the added rub that bullish momentum has already died.

Well, had you said this 6 months ago, maybe they would have listened. And trust me, somebody actually tried, to his detriment . Anyway, this kind of thing usually falls on deaf ears until it becomes very visible in the rearview mirror (6 months later).

 

[semperfrosty]

Yeah, I mean you can see these headlines and the thing keeps going up another 50-100% over 6 months. OTOH, when it comes to BTC in the current moment, there’s the added rub that bullish momentum has already died.

You need to trust your experience and intuition so I'm not detracting from your read.

However,I believe,its dangerous to treat Bitcoin like a stock.

Also,for what it is and its potential,its only just popped on the scene.Its also only just fallen into the laps of the big money.

Now they want it,they do what theyve always done to get it: Hold things in a range(perhaps the lack of momentum you are perceiving),fake breakouts to shake out the weak hands,move(in an instant)to the next range,repeat for 3 ranges.Dump everything at bonus time,buy up lower 2 days later,repeat the cycle.

 

[orbit23]

Of all the articles circulating on the web, you had to go with the one by Daily Mail, eh?

So what the hell is it? Ponzi or money laundering? Next time, stick to one for crying out loud and make your case.

Also don't think I'm saying this in defense of Bitcoiners. I'm not. But just how long have you been saying this same crap about Tether? If you were at all serious about it, you should have come up with some real credible evidence by now.

Home - Tether (tetheredtocorruption.com)

It's an investigation by consumer reports (whatever that is). They are advertising on TVs as well as on billboards.

May god bless these people. Those are people with a BIG heart. This is like a glimmer of light in the darkness, bringing hope for a brighter future.
Exposing the frauds in the indsutry(the entire industry). May they live long and have a happy life.

Apparently it's a multi-million dollar ad campaign. Makes me think someone has accumulated big short positions and is now aiming to crush the market.

But then again at the same time we are close to supports so i can't tell what will happen. I do believe we will eventually collapse and Bitcoin will FALL LIKE A ROCK once the entire ponzi scheme gets exposed.

But if you short you are fighting this very same beast that can just print money out of the sky at will.

Once there is the slightest doubt about the legacy markets Bitcoin is going to crash like there is no tomorrow. Take my word for it.

https://twitter.com/x/status/1803176994835664978