Thread:
Bitcoin at 35k is it over?
05-28-2021, 04:46 PM
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#31
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Originally Posted By Nonsense916⏩
I'm hoping that the market will recover, but that is hope.Is it over or is thus the time to throw 20k into it
Ded srs
Ded srs
Many investors, traders, and noobs who entered the market are scared. IMO it's going to take an a lot of bullish news to restore trust, and for them to come back. A LOT of people got liquidated.
Rationally, I hope people have taken profits.
Irrationally, I refuse to sell.
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05-28-2021, 04:48 PM
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#32
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i dont really know but my a week ago or so my friend was up 2.7 million USD from a investment of only 10k USD 2 years ago. this was in a altcoin though (Telcoin). he did not cash out but he is still up about 1.5 millions dollars now
05-28-2021, 04:52 PM
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#33
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nah, the longs who've been in since pre-2015 levels are long because they know almost everything there is to know about basic blockchain tech and how the space is evolving with decentralized apps and peer to peer smart contracts that will eventually comprise a major market in the corporate supply and inventory chain.
I'm not exactly sure where its going, but by the sound of it, there are only a handful of major networks and many of the top tokens are on the Ethereum network. And each network is like its own server that optimizes transactions involving the compatible cryptocurrency. It's basically like internet browsers/operating systems integrated into one on the blockchain and this why coincels refer to the tech as internet 2.0
I'm not exactly sure where its going, but by the sound of it, there are only a handful of major networks and many of the top tokens are on the Ethereum network. And each network is like its own server that optimizes transactions involving the compatible cryptocurrency. It's basically like internet browsers/operating systems integrated into one on the blockchain and this why coincels refer to the tech as internet 2.0
05-28-2021, 05:18 PM
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#34
Originally Posted By BetaAsPhuck⏩
When something trades at a level lower like bitcoin is, a lot of people are underwater. We hear about how btc is up how many thousand % but what gets ignored is how a lot of more recent investors didn't buy in at low prices. That's what propelled it up. Tons of people bought when bitcoin was over 40k. I feel like a lot of what we've seen over the last few days is people saying to themselves "if it gets back up to 40k, I'm dumping"I'm hoping that the market will recover, but that is hope.
Many investors, traders, and noobs who entered the market are scared. IMO it's going to take an a lot of bullish news to restore trust, and for them to come back. A LOT of people got liquidated.
Rationally, I hope people have taken profits.
Irrationally, I refuse to sell.
Many investors, traders, and noobs who entered the market are scared. IMO it's going to take an a lot of bullish news to restore trust, and for them to come back. A LOT of people got liquidated.
Rationally, I hope people have taken profits.
Irrationally, I refuse to sell.
05-28-2021, 06:38 PM
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#35
05-28-2021, 06:42 PM
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#36
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Originally Posted By rootcon⏩
Probably a good analysis.When something trades at a level lower like bitcoin is, a lot of people are underwater. We hear about how btc is up how many thousand % but what gets ignored is how a lot of more recent investors didn't buy in at low prices. That's what propelled it up. Tons of people bought when bitcoin was over 40k. I feel like a lot of what we've seen over the last few days is people saying to themselves "if it gets back up to 40k, I'm dumping"
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05-28-2021, 06:43 PM
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#37
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Originally Posted By AdamSMW⏩
My man.It will go back up, when it goes low, it's time to invest, not in BTC too,ETH is a much better choice.
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Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
05-28-2021, 06:47 PM
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#38
- elterrible987
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lol at not buying the dip
take out a reverse mortgage and all in on bitcoin at 35k dew it now. its breaking 100k by october
take out a reverse mortgage and all in on bitcoin at 35k dew it now. its breaking 100k by october
05-28-2021, 07:02 PM
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#39
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Originally Posted By MotorCityCobra⏩
Holy ****, again, you are officially beyond annoying.i dont really know but my a week ago or so my friend was up 2.7 million USD from a investment of only 10k USD 2 years ago. this was in a altcoin though (Telcoin). he did not cash out but he is still up about 1.5 millions dollars now
Just STFU already.
05-28-2021, 07:19 PM
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#40
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LOL.
My co-worker's friend went absolutely stupid and completely wiped out his savings. He said he was genuinely worried that his cousin would do something stupid.
Coincells on serious suicide watch. (100% srs).
If you know any, just make sure they don't do something stupid. Already a number of coincells who literally roped in the last month, and likely more to come as BTC continues to crash to shiit
My co-worker's friend went absolutely stupid and completely wiped out his savings. He said he was genuinely worried that his cousin would do something stupid.
Coincells on serious suicide watch. (100% srs).
If you know any, just make sure they don't do something stupid. Already a number of coincells who literally roped in the last month, and likely more to come as BTC continues to crash to shiit
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05-28-2021, 07:23 PM
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#41
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Don't CATCH a falling knife I know you COINcels think you're GENIUSES with your DCA but PLEASE don't go FULL retarded WAIT for it to FALL and PICK it UP like SOMEBODY with two BRAIN cells to rub together. Could hit sub 20k IN all HONESTY.
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05-28-2021, 07:25 PM
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#42
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Originally Posted By Realclout⏩
Das it mane SRS.Don't CATCH a falling knife I know you COINcels think you're GENIUSES with your DCA but PLEASE don't go FULL retarded WAIT for it to FALL and PICK it UP like SOMEBODY with two BRAIN cells to rub together. Could hit sub 20k IN all HONESTY.
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05-28-2021, 07:36 PM
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#43
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Originally Posted By DrFeeIGood⏩
Good chart.... Repped. REITS would return basically 10 % per year....interdasting. SFH's though doesn't include the pay down of the mortgage and cash flow from rentals.Wut. Maybe a REIT. I think land has been the worst real estate choice you can make REIT>commercial>single family>land
My point was just bitcoin is total total gambling. Land can be cheap, and at least hold it's value and you HAVE somethign
Just trying hard to not be a fat sack-o-chit.
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05-28-2021, 07:37 PM
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#44
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Originally Posted By Nonsense916⏩
We all gonna MAKE it BOYO!Das it mane SRS.
Das it mane SRS.
Would take that 20k and GET a nice piece of land a nice piece of property maybe YOLO some options while you wait MIGHT even have MORE then 20k to use WHEN it's time to BUY again.
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05-28-2021, 07:41 PM
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#45
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Originally Posted By Realclout⏩
Brah paradise CA is the only place that has 20k lots and they aren’t even an acreWe all gonna MAKE it BOYO!
Das it mane SRS.
Would take that 20k and GET a nice piece of land a nice piece of property maybe YOLO some options while you wait MIGHT even have MORE then 20k to use WHEN it's time to BUY again.
Das it mane SRS.
Would take that 20k and GET a nice piece of land a nice piece of property maybe YOLO some options while you wait MIGHT even have MORE then 20k to use WHEN it's time to BUY again.
Losers let it happen, winners make it happen.
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05-28-2021, 07:46 PM
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#46
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Coincells copping hard in this thread. Just buy the DIP brahhhh. To the moon brahhhhhh. It'll go back uppppp brahhhh. Don't sell brahhhh. Get Ponzi Schemed lololol.
Inb4 negs from angry Coincell holders.
Inb4 negs from angry Coincell holders.
05-28-2021, 07:50 PM
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#47
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Originally Posted By whitepaper⏩
You're retarded if you rope yourself because it dropped significantly. You should've known it's a volatile fuking investment.LOL.
My co-worker's friend went absolutely stupid and completely wiped out his savings. He said he was genuinely worried that his cousin would do something stupid.
Coincells on serious suicide watch. (100% srs).
If you know any, just make sure they don't do something stupid. Already a number of coincells who literally roped in the last month, and likely more to come as BTC continues to crash to shiit
My co-worker's friend went absolutely stupid and completely wiped out his savings. He said he was genuinely worried that his cousin would do something stupid.
Coincells on serious suicide watch. (100% srs).
If you know any, just make sure they don't do something stupid. Already a number of coincells who literally roped in the last month, and likely more to come as BTC continues to crash to shiit
And just lol if don't plan to hold at least a few years when you make your investment. Wtf were these dudes thinking.
05-28-2021, 07:52 PM
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#48
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Originally Posted By Nonsense916⏩
Those are for people who want a custom house not investors I wouldn't advise buying less the 2-3 acres IT would't be worth it for a developer to buy such a SMALL amount of land YOU'd be stuck BAG holding. I mean MAYBE, If there is alot of DEVELOPMENT and custom BUILDS happening you could MAYBE upSELL it to some YUPPIE family for their DREAM home but I guess your BEST bet would be YOLO some options WHILE you wait to buy in again MORE money can't hurt BETTER then sitting on your handsBrah paradise CA is the only place that has 20k lots and they aren’t even an acre
Gotta KEEP hustling CUZ.
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05-28-2021, 07:53 PM
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#49
So we gonna make this kind of thread Everytime Bitcoin dips?
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05-28-2021, 08:03 PM
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#50
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Originally Posted By Realclout⏩
The whole point of DCA is to avoid doing things like trying to catch a falling knife.Don't CATCH a falling knife I know you COINcels think you're GENIUSES with your DCA but PLEASE don't go FULL retarded WAIT for it to FALL and PICK it UP like SOMEBODY with two BRAIN cells to rub together. Could hit sub 20k IN all HONESTY.
I don't know if you know what DCA is. It's a long term investment strategy, irrespective of bear or bull markets. You DCA for 5 to 20 year investments, not for making quick flips.
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Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
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05-28-2021, 08:15 PM
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#51
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Lol at concells in here that can't afford real investments like rental units.
Just buy the dip brah
Why is it still dipping
Lol just bought more
It dipped again
At least I didn't spend 50k down-payment on a building that makes me 30k year. Gonna be driving a lambo soon
I blew my life savings on bitcoin. Why is this happening
Just buy the dip brah
Why is it still dipping
Lol just bought more
It dipped again
At least I didn't spend 50k down-payment on a building that makes me 30k year. Gonna be driving a lambo soon
I blew my life savings on bitcoin. Why is this happening
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05-28-2021, 08:33 PM
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#52
Originally Posted By Baylorballs⏩
Crypto will collapse along with the dollar if that happens, because it isn't real, it isn't backed by anything. There is no Bitcoin corporation, no physical presence, it isn't backed by any governments or anything that actually exists. It's only value is what people will pay for it in US dollars lol, and there is no use for it without it being sold for that. There is nothing you can use it for without people paying dollars for it, and it's worthless without that dollar value, just a bunch of 1's and 0's on the internet.Good chart.... Repped. REITS would return basically 10 % per year....interdasting. SFH's though doesn't include the pay down of the mortgage and cash flow from rentals.
My point was just bitcoin is total total gambling. Land can be cheap, and at least hold it's value and you HAVE somethign
My point was just bitcoin is total total gambling. Land can be cheap, and at least hold it's value and you HAVE somethign
05-29-2021, 10:32 AM
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#53
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Originally Posted By Nonsense916⏩
you know how they say its time to sell when even the shoe shine boy tells you to buy?Is it over or is thus the time to throw 20k into it
Ded srs
Ded srs
you're the misc shoe shine boy. 34k now. Go get your shine box
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05-29-2021, 10:34 AM
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#54
Originally Posted By swoleyo⏩
But what if some of us coincells actually do have real investments? Like rental units, apartment complex, and we still buying the dips?Lol at concells in here that can't afford real investments like rental units.
Just buy the dip brah
Why is it still dipping
Lol just bought more
It dipped again
At least I didn't spend 50k down-payment on a building that makes me 30k year. Gonna be driving a lambo soon
I blew my life savings on bitcoin. Why is this happening
Just buy the dip brah
Why is it still dipping
Lol just bought more
It dipped again
At least I didn't spend 50k down-payment on a building that makes me 30k year. Gonna be driving a lambo soon
I blew my life savings on bitcoin. Why is this happening
05-29-2021, 10:36 AM
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#55
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Originally Posted By taskmob⏩
These types of comments/threads are constant both with bitcoin and with stocksSo we gonna make this kind of thread Everytime Bitcoin dips?
"Huehuehue told you it was gonna bomb have fun bagholders"
*10mins later*
"Hope you *******s bought the dip, lambos to the moon"
Rinse and repeat
05-29-2021, 10:41 AM
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#56
Originally Posted By Destor⏩
what color is your lambo today? I mean your bus.These types of comments/threads are constant both with bitcoin and with stocks
"Huehuehue told you it was gonna bomb have fun bagholders"
*10mins later*
"Hope you *******s bought the dip, lambos to the moon"
Rinse and repeat
"Huehuehue told you it was gonna bomb have fun bagholders"
*10mins later*
"Hope you *******s bought the dip, lambos to the moon"
Rinse and repeat
05-29-2021, 10:41 AM
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#57
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Originally Posted By samsbolton⏩
you know how they say its time to sell when even the shoe shine boy tells you to buy?
you're the misc shoe shine boy. 34k now. Go get your shine box
you're the misc shoe shine boy. 34k now. Go get your shine box
Originally Posted By Nonsense916⏩
Is it over or is thus the time to throw 20k into it
Ded srs
Ded srs
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Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
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05-29-2021, 10:43 AM
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#58
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Originally Posted By samsbolton⏩
you know how they say its time to sell when even the shoe shine boy tells you to buy?
you're the misc shoe shine boy. 34k now. Go get your shine box
you're the misc shoe shine boy. 34k now. Go get your shine box
Losers let it happen, winners make it happen.
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05-29-2021, 10:47 AM
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#59
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Here to help those scared, coming from someone who seen the crypto market in 2013 at a 10b Market cap. Worth the read.
Back in 2013 I remember when institutions bought it would be the next step. We are still incredibly early with 1-2% penetration rate. It's easy to sway sentiment and manipulate the crypto markets. They know they can shake out retail traders and the whales and institutions will buy back and leave retail chasing higher once again (2013, 2017 retail FOMO).
Just buy and HODL, especially BTC. If you DCA into it every paycheck you will outperform S&P 500 and FAANG. Forget all the noise. 99% of alt coins won't be around for next cycle (equivalent to the 2001 internet crash). Don't have paper hands and sell BTC that's like buying Amazon in 2001 for $60 and selling at $30. Imagine if you just held. Bitcoin is the fastest horse in the race, its growing on an annual basis of 200% a year, and even if that rate gets cut in half at 100%, find me one investment class that will beat that.
Being in crypto in 2013 ill admit I cared about the price, made many mistakes, lost crypto leaving it on an exchange. Every single year people claim "missing the boat" etc. You won't care what prices you bought when BTC is 500k-1m each. This dip in 2025 and 2029 will be a spec on the chart (as is the case in 2017, and 2013) just zoom out.
There will only ever be 21m Bitcoins. 18.7M in circulation leaving 90% mined. Last BTC will be mined in 2140. Owning just 0.28 BTC will put you in the top 1% (yes as little as 0.28) but many want a full BTC.
18.7M circulating
1M owned by Satoshi (never sold never will)
1.7M owned by known institutions
2M owned by whales
Estimated 2M-6M lost forever
Anywhere between 10-13M BTC is available today. That number shrinks each day. Especially every 4 year halving charts. Bitcoin follows Stock to Flow chart perfectly (Plan B on twitter). It only inflates at 1.8% a year similar to gold, but has 10x more value, since gold isn't easily divisible and transferable or portable.
Yes owning 1 BTC is a big deal (it can be subdivided by 100m satoshis), and is the hardest asset money class the world has ever seen. Bitcoin still has flaws in terms of instantenous and free transactions, but that will be built in over time. Adoption shows us at 1995-1997 in terms of internet adoption. Many people thought computers, internet and email will be irrelevant yet billions use it today. Over 3B people have smart phones yet no bank accounts. Bitcoin can change that right away. Including DeFi and being your own bank. It's completely revolutionary.
Every Fiat currency has collapsed (check history). Every reserve currency has collapsed (US dollar will be no different but may take another decade or two). Mass money printing and central banks will lead to that downfall. the US dollar has lost 99% of its purchasing power in the last century. I can go on and on. I hope someone finds this useful and buys and hold. You'll thank yourself in the future.
Back in 2013 I remember when institutions bought it would be the next step. We are still incredibly early with 1-2% penetration rate. It's easy to sway sentiment and manipulate the crypto markets. They know they can shake out retail traders and the whales and institutions will buy back and leave retail chasing higher once again (2013, 2017 retail FOMO).
Just buy and HODL, especially BTC. If you DCA into it every paycheck you will outperform S&P 500 and FAANG. Forget all the noise. 99% of alt coins won't be around for next cycle (equivalent to the 2001 internet crash). Don't have paper hands and sell BTC that's like buying Amazon in 2001 for $60 and selling at $30. Imagine if you just held. Bitcoin is the fastest horse in the race, its growing on an annual basis of 200% a year, and even if that rate gets cut in half at 100%, find me one investment class that will beat that.
Being in crypto in 2013 ill admit I cared about the price, made many mistakes, lost crypto leaving it on an exchange. Every single year people claim "missing the boat" etc. You won't care what prices you bought when BTC is 500k-1m each. This dip in 2025 and 2029 will be a spec on the chart (as is the case in 2017, and 2013) just zoom out.
There will only ever be 21m Bitcoins. 18.7M in circulation leaving 90% mined. Last BTC will be mined in 2140. Owning just 0.28 BTC will put you in the top 1% (yes as little as 0.28) but many want a full BTC.
18.7M circulating
1M owned by Satoshi (never sold never will)
1.7M owned by known institutions
2M owned by whales
Estimated 2M-6M lost forever
Anywhere between 10-13M BTC is available today. That number shrinks each day. Especially every 4 year halving charts. Bitcoin follows Stock to Flow chart perfectly (Plan B on twitter). It only inflates at 1.8% a year similar to gold, but has 10x more value, since gold isn't easily divisible and transferable or portable.
Yes owning 1 BTC is a big deal (it can be subdivided by 100m satoshis), and is the hardest asset money class the world has ever seen. Bitcoin still has flaws in terms of instantenous and free transactions, but that will be built in over time. Adoption shows us at 1995-1997 in terms of internet adoption. Many people thought computers, internet and email will be irrelevant yet billions use it today. Over 3B people have smart phones yet no bank accounts. Bitcoin can change that right away. Including DeFi and being your own bank. It's completely revolutionary.
Every Fiat currency has collapsed (check history). Every reserve currency has collapsed (US dollar will be no different but may take another decade or two). Mass money printing and central banks will lead to that downfall. the US dollar has lost 99% of its purchasing power in the last century. I can go on and on. I hope someone finds this useful and buys and hold. You'll thank yourself in the future.
05-29-2021, 10:58 AM
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#60
- DrFeeIGood
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- DrFeeIGood
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To be fair, you have to have a very high IQ to understand Bitcoin. Its future applications are extremely subtle, and without a solid grasp of computing and economics most of its possible functions will go over a typical investor’s head. There’s also Sitoshis’s free market outlook, which is deftly woven into his creation- his personal philosophy draws heavily from Robert Malthus, for instance.
The shills understand this stuff; they have the intellectual capacity to truly appreciate the depths of this coin, to realise that it is not just speculation - it says something deep about LIFE. As a consequence people who dislike Bitcoin truly ARE idiots- of course they wouldn’t appreciate, for instance, the brilliance in Satoshi’s brilliant programming method - the “Blockchain,” which itself is a cryptic reference to Haber and Stornetta's Merkle trees. I’m smirking right now just imagining one of those addlepated simpletons scratching their heads in confusion as our lord and savior's genius wit unfolds itself on their computer screens. What fools.. how I pity them.
The shills understand this stuff; they have the intellectual capacity to truly appreciate the depths of this coin, to realise that it is not just speculation - it says something deep about LIFE. As a consequence people who dislike Bitcoin truly ARE idiots- of course they wouldn’t appreciate, for instance, the brilliance in Satoshi’s brilliant programming method - the “Blockchain,” which itself is a cryptic reference to Haber and Stornetta's Merkle trees. I’m smirking right now just imagining one of those addlepated simpletons scratching their heads in confusion as our lord and savior's genius wit unfolds itself on their computer screens. What fools.. how I pity them.
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