Bitcoin Price Thread

This week's opening.
It gapped down 8%.

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When there are sad faces, there will be happy faces.
 
Pekelo said:
Hedge my ass. Crypto went down with the market, as expected.
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So true. BTC -14%. No hedge at all but BTC always seem to behave as an illiquid stock. Its equivalent free float must be tiny. It's like the ARM stock which is still 90% owned by Softbank so it moves like crazy.

Wow ETH -26% what a meltdown. Imagine losing a quarter of the value in a few hours. What a disaster of an ETF launch ETHA was. Opened at $26.5 and its already down to $17, down 36% in 2 weeks.
 
nitrene said:
So true. BTC -14%. No hedge at all but BTC always seem to behave as an illiquid stock. Its equivalent free float must be tiny. It's like the ARM stock which is still 90% owned by Softbank so it moves like crazy.

Wow ETH -26% what a meltdown. Imagine losing a quarter of the value in a few hours. What a disaster of an ETF launch ETHA was. Opened at $26.5 and its already down to $17, down 36% in 2 weeks.
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No circuit breakers, 24/7/365 open markets. You're welcome




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orbit23 said:
The rats are leaving the ship.

They are selling so they will be able to pay the fines to the government and not spend a lifetime in jail.

This is just how government does business. And it's ingenious. They let the criminals and fraudsters run free to scam and rob as many people as possible. Then they impose the fines or seize the money.

Jump Trading was one of the big players in both Luna/UST and Bitcoin/Tether ponzi scheme.

It's just the same thing over and over again but people never learn. "This time is different!"
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Kudos on a good call so far.
 
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