dont put more than you can afford to lose. Either it goes 4x or 8x from here or it goes to ZERO from here. Time for BAT to show life or die for good. Some other dinosaur alts to keep an eye on - DOGE.

Ye you shouldn’t care if it dips 20%. If you do, you’re invested too heavily.

Exactly.

Would this regulation really affect bitcoin much? I mean it just means the US will fall behind other countries, and Asia/Europe will dominate.

Did we just start a double top?

Ah come on, it's either a small dip on the way to new heights or a lesson learned. We've all been through it.

Lots of alt bruhs/neets on crypto twitter got cocky, alts may have a higher beta than BTC most of the time but that also means if BTC sneezes, alts get crushed.

Even though I hold more ETH and erc20 based defi tokens than I do BTC, I can't help but enjoy obnoxious ETH maxis get crushed. The hubris post beacon chain staking threshold and $600 was unbearable.

That's true, but as long as it was a good time who cares. And even better times will come, they always do for us hustling supermoggers.

gonna wait and see if btc breaches ath again before buying back in.

Pretty impressive dump -15%.

Don't know man but you seem a little depressed. Lighten up bro, it's not the end of the world.

Fuk bruh bout to lose all my xrp gains lol

Prob ganna keep holdin.. its just 100$ I put in there

Flash backs from the covid crash

Might even buy more xrp rite now

Had buys of 1.5 btc at 16.4 and 1.5btc at 16.5, one at 16.1 that didn't hit. We'll see where we go from here.

Always remember theres a million different triggers to drop crypto. Remember that laws and regulations will become stricter around the world and that this is a bearish factor that idiots often forget about. The EU could come up with new strict laws tomorrow for all we know.

Some well respected university or other entity could come out tomorrow with a well written research paper on why bitcoin sucks, like princeton has done before lmao. There´s a million different triggers. Satoshi could sell or a big big hack could happen. Miners could get regulated next week and have their doors kicked down by the government. All it takes is one big trigger and the market could drop a lot more than it did today, consider yourself lucky. Bitcoin has already been exposed as not robust, the research is right in front of peoples faces, but they like to ignore it.

>On the Instability of Bitcoin Without the Block Reward
https://www.cs.princeton.edu/~arvind...mining_CCS.pdf
The most in-depth paper written on bitcoin EVER
Princeton university

>Beyond the doomsday
economics of “proof-of work” in cryptocurrencies
Monetary and Economic Department
https://www.bis.org/publ/work765.pdf

********************/block-digest-memp...ar-33823c2e984

https://news.bitcoin.com/analyst-150...ver-circulate/



Also reminder that 99% of cryptos are in a insanely overvalued bubble. But idiots like buying tops
I´m just waiting for the next trigger to happen, it will happen at some point. Some early whales will start to sell and people will eventually start to question bitcoin more and more leading to a drop in confidence. Bitcoin is not meant to make it truly big, because it has bad fundamentals.

Same man financially ruined. Why did I ever buy LINK 3 years ago.

Wow some prediction that. Must have been many thousands of hours of technical analysis

Wow some criticism that. Must have taken you thousands of years as a vampire to come up with that.

Also, BTC definitely could go up or down from here.

A moment of silence...

that was one of the largest btc WICKs. Regained almost 7% after the drop pretty fast.

Did almost 3x ATR easily on that one. Currently looks like this move might end up being a massive stop hunt.

Exited the short from 17.5 ..

This zone might take some time to resolve..

This just in: Compound lost its DAI/USDC price peg. Stables ballooned out to $1.30 due to centralized oracle price feed resulting in $100m liquidated.

Shorting Compound could be the play here especially if it intends to issue more tokens to compensate users.

Current price: $106

You’re being trolled.

I think a few people were expecting an initial pull back at 20k before running up. I feel like this was that pull back although we never officially hit 20k. Think closest we got was 19600 or something like.

Either way, I think for people that were looking to get in later than they should have... THIS is the time to buy over the weekend. Just my guess, I could be wrong.

Thankfully took some profits this time.

Ready for the next wave. I ain’t fkkin leavin.

literally never gets old because it's always relevant. theres ALWAYS someone jumping in at the top.

You just advised them to jump in in your last post lol

This year was my first foray into crypto, bought in during the summer, just sold it all this morning for a few grand profit. I think it's going down from here and I'll get back in next year. Maybe I panic sold like a total noob, maybe I made a good decision, who knows.

Bitcoin has made a textbook double top though. Some would say that is pretty bearish. If it doesn´t recover soon lmao, it´s over. But we will see, anything can happen.

If anyone wanted to kill bitcoin, they could do it now. Put it big sell order after big sell order and people will start panicking. Once confidence in bitcoin is lost, it will be a bloodbath. And it doesn´t have that many chances left.



"It ought to have gone to zero after 2017, but it has been pumped and re-inflated by tether and other stablecoins, just as the stock market has been pumped and re-inflated by Q. E. My reasons for thinking as I do:

1) Tether is widely believed to be responsible for the 2017 crypto pump (its own founder admitted this suspicion to Jordan Belforthttps://www.youtube.com/watch?v=Xzpqxqbq0Jg).

2) Tether now has 10x the mcap that it did during the March crash, when BTC crashed to $4000, and also has a 40 billion per annum printing-rate. The only time when tether was ever audited was 2018, and yet even then it was found to be backed only by “75% cash and cash equivalents.” The truth is, tether is probably “backed” by the very BTC which it is printed out of thin air to buy.

3) BTC volume is only 5% of what it was in 2017, and Google searches for Bitcoin are in the gutter. This shows that retail interest is low, and almost all BTC is going into tether's hands (as DesoGames explains herehttps://www.youtube.com/watch?v=qzDjJ-SrojY).

4) BTC is completely worthless as a currency.https://blog.plan99.net/the-resoluti...i=a80dff4c0636In 2017, you had $100 fees and 3-day transaction times when sending BTC. Even if the Lightning Network were implemented, only 0.1% of the world population could use BTC.

5) The only way to use BTC as a currency is to go through Blockstream's second-layer solutions (like the LN), which track and trace everything you do. BTC also tracks you forever on a pseudonymous ledger, hence why the BTC Twitter hackers were caught within days of cashing out. Physical gold and silver coins are therefore superior for privacy to BTC."


6) Solutions like BCH are not the answer, since, the larger the block-size, the greater the centralization. To the point where you might as well simply keep your gold in a vault and use a gold-backed crypto instead, because that is no more centralized than what you will inevitably have with something like BCH or BSV. Kinesis (allocated gold on the Blockchain) does everything which BCH claims to do (banking the unbanked, 24/7 transactions, making microtransactions, etc.).https://www.youtube.com/watch?v=5Q9aYYluRA0[Embed]

7) Satoshi is really Adam Back, the head of Blockstream.https://www.youtube.com/watch?v=XfcvX0P1b5g[Embed] Blockstream is controlled by the banks and the Bilderberg Group.

8) Bullion banks are bidding up the price of Bitcoin on the futures exchanges at the same time as they are suppressing the price of gold, as Rob Kientz shows. (https://youtu.be/Bq9SblPW-6w) [Embed]

9) Promotion of BTC in the mainstream media is unrelenting, showing that they completely back it. The MSM, of course, is controlled by the bankers.

10) Russia, China, and the other eastern countries have been accumulating gold to issue gold-backed currencies after the reset, not crypto. They already have enough gold reserves to do this. The eastern countries are where the real production is, so, if they don't take BTC, BTC is good for nothing.

11) Gold-backed currencies in the modern banking system would work with perfect efficiency, whereas no crypto can function as a currency for more than a minuscule fraction of the world population.

12) Money must represent savings, i. e. what is useful for production and industry; otherwise, no country has any reason to take it as an equivalent exchange for their goods and commodities. But crypto stores no intrinsic value. After the reset, then, BTC will go to zero when priced in gold (as Alasdair Macleod says).

13) Crypto has enormous intrinsic disadvantages when compared to gold. If you have gold in a vault, you are protected from the following: Being tortured out of your life-savings within ten minutes; losing them to memory-loss; dementia; a thoughtless mistake when making transactions; a key-logger or other hack; burglary (extremely rare with respect to private vaults); a fire; a hardware failure. BTC also, as I have said, lacks the privacy of gold and silver coins, and is fundamentally unusable as a currency. Whereas digital gold on the Blockchain (Kinesis) or gold-backed currencies in the banking system are perfect as currencies.


Also lol at Peter Schiff dismanteling Bitcoin on his twitter. Love that dude. He has some good point in his latest tweets. When the whales begin to sell their btc, who is gonna take the opposite side of that trade? Retail investors will get phucked if whales begin selling. Retail don´t have billions of dollars to buy up those sell orders.

"Die for good"

21.4m users and ad buys increasing every month. Im sure some TA means the death of a multi billion dollar business.

Yeah once XRP pulled to 50 cents not fuking 70 lmao.

This dump is suspicious in my opinion, but then again so was the spike so i'm not gonna sell even now. I was waiting for XRP and ETH to hit $1.00 and $1,000 Respectively and that's where i'll continue to wait if it takes another year of accumulation. If I sold today, and XRP bounces off .40 cents and moons to $1.00 I would consider roping, so i'm just gonna pretend like this pump never happened and stick to my game plan. Never have to worry about FOMO'ing or panic selling if you stick to your hard entry and exit points. I'll start accumulating XRP under .40 cents and ETH under $400
also this.

I bought XRP at 0.47. So prepare for another 25% drop.

You always gotta expect corrections, just need them to hold key supports. If BTC stays above $15k it’s a pretty good correction.