BTC

Confident_Section568

Hahaha silver is being manipulated more then BTC

Clubbingcubs

I believe it's USD dropping and dragging BTC down with it

XertonOne

The BTC “market” has become as rigged as any other. So don’t complain about the obvious if you think it was created for this.

coinfeeds-bot

tldr; Bitcoin (BTC) faces potential price volatility as December begins, with a recent 5% drop and predictions of a crash to $50,000. Analysts cite market liquidity issues and historical trends suggesting bearishness may persist. November saw BTC's worst monthly performance since 2018, with a 17.7% decline. Stablecoin reserves on Binance hit record highs, indicating potential buying power for a market turnaround. Meanwhile, macroeconomic factors, including inflation data and Japan's financial stability, add uncertainty to Bitcoin's trajectory. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Late-Ad-2845

So true i knew Times where BTC was Like 16k in 2022. BTC ist King, that ist one lesson from this Bullrun. Alts are perfekt for Trading imo. If you want to hold without headache for lets say 10years, Just buy BTC.

blaziken8x

Price of BTC literally doubles since 2024 and people are like "This is bullshit, where is the bullmarket" (don't even get me started on gold lol, it's just hilarious how much it moved). If people are too impatient to double their money in 1-2 years, how are they supposed to be patient enough to 5x their money.

TheDirtyOnion

What happens when the Democrats thrash the Republicans in the elections next year? Think they might be angry about BTC backers funding Trump's campaign?

LeadershipSingle5785

Hope you won’t regret trading your BTC for a rabbit when Bitcoin hits 10 million., lol

KO9

Ok you convinced me. I'm dumping my BTC into Hermes bags

churito69

Unless you have a DIRECT link to the project's owners (I don't mean chatting in a Telegram group), you shouldn't expect to make serious money from an early project. MOST are not legitimate, OR the people involved will be the only ones who make money. BTC / ETH / SOL are all valid long-term projects with a history. ALL crypto follows BTC. No one can guarantee ANYTHING. We don't know what will move the market; this recent crash, no one anticipated as much movement. HOWEVER, if you get in now on BTC, it is at a long-term look, down from $124k to sub $90k, there seems to be a lot of available movement up. IF you believe it should return over $124k (I think it should), I think 30%+

matt7882

I think it's a very bullish sign. If I only had more money I would buy more BTC, because I feel it will go up a lot.

cl3ft

If you assume you won't want to settle the loan until late 2029 BTC backed loans are actually very expensive. Most are upwards of 11% per annum even when 100% collateralized and you're compounding that interest the whole time. This is not a great return unless you believe next bullrun will kick this one's arse by a large degree.

TurkishBitcoiner

BTC and all the U.S stock market is red today due to the japan announcing they might hike the rents in december, since japan always had 0 or negative rates, the fact it is 0.5% rn, and they are considering hiking it caused panic.

Cat1nthesack

Depends on your speculation thesis. If you believe BTC will set a new all time high eventually (even when it is in a couple of years), it is not a bad time to buy some BTC. If not then yes, expensive as fuck. 

Permtacular

Taxes. Don't want to give anything to the IRS so someday I'll take a loan out on my BTC.

giottus

BlackRock Bitcoin ETF records 114 million dollars in net outflows as volatility spikes The market is getting shaky again. BlackRock’s spot Bitcoin ETF just saw 114 million dollars in net outflows, suggesting investors are pulling back while price swings remain high. What it signals: • institutions are taking risk off the table • volatility is making even big players cautious • outflows don’t mean bearish long term, but short term sentiment is clearly weak Even with BTC showing recovery attempts, large ETF movements like this usually reflect uncertainty rather than conviction.

Right-Avocado3870

I don't know where there are good ways to short BTC that don't eat you alive on fees or involve exchanges I wouldn't trust. What do you think is the best way to short it?

DOG-ZILLA

You must be new here.  BTC has been “done” since the year 1842. 

unthocks

Taxation isn’t tied to the currency. Govs already tax income, property, imports, etc. no matter what asset you hold. You can get paid in BTC, gold, or bananas — you’re still taxed in fiat. Bitcoin fixes money, not fiscal policy.

Itslittlealexhorn

Dude, your strategy is guaranteed to not sell at the top since you're already selling all the way up without having any idea where the top is. And if there's a flash crash you're buying all the way to the bottom. Your strategy is guaranteed to make money as long as BTC swings up and down around your 60k number. Problem is that you pulled that number out of your ass. If BTC rises above your high point you have zero exposure to any upside and that's exactly what has happened every time so far. In other words: if you "run out" of BTC when it hits 110k, what do you do when it hits 125k? 150k? Do you buy back in or do you stay out of the market and hope for it to crash low enough so your buy orders execute? That may never happen again and at that point you're just watching from the side lines. Bottom line: Don't try to be clever and time the market without timing the market. There are major market participants that are much smarter than you or I, who have basically unlimited funds and technical resources and the only way that you can guarantee to not lose against them is to not make any decision at all. Just hold. If you run out at 110k then you're not in the market anymore. What happens when it hits 125k? Do you go back in at a loss? In this case you would've been saved by the bell. Sure you're not exposed to any downward risk, but you're not exposed to the upside either

Mazoku-chan

How would you tax someone with BTC in order to pay for public expenses?

Dziabadu

Yes, computer newspaper I had been buying, back in a day they gave away 5BTC to anyone who bought it

DryMyBottom

will BTC crash even more when americans wake up, what di you think?

Right_Disk8071

BTC only

tekina7

This redenomination is not about hiding inflation, but removing those zeroes will cut down on inconvenience and infra costs of running the entire structure. Same with Bitcoin where daily spends are denominated in Satoshis for convenience. X Satoshis in transaction is way simpler than saying 0.0000X BTC

inlaguna

Except if you understood Bitcoin it was obvious what would happen. You can whine all you want, but it was obvious. All you had to understand was p2p and the fact that there is NO WAY there would NOT be truly digitcal money at some point in the near future. Yeah, I've been in BTC since year one, mined with cpu, gpu, fpga and asic.

Comfortable-Half5165

With $20, focus on learning and safety first. You can try buying BNB or BTC on spot, but treat it as practice, not a way to make quick money. Tools like LIFE Wallet can help you safely manage and explore crypto.

Simke11

All of those things can and probably will affect BTC. But the fact is if MSTR does capitulate and sell some of its holdings it will have by far the biggest impact.

Simke11

Now that Saylor has publicly said what may make them sell their BTC, he's painted a target on his back.

Famous-Highlight8906

This model suggests an **extremely bullish** outlook for BTC in 2026, predicting it will hit the **$1 million USD** mark

FreeBoss2824

Bitcoin isn't a hedge against inflation or a commodity backing for currency. It's humanity's first technology that transforms energy into unforgeable digital scarcity with absolute mathematical certainty. Gold was our best attempt at anti-entropic money for 5,000 years, it doesn't decay, can't be printed easily, and maintains relative scarcity. But gold still inflates about 2% annually through mining, requires physical trust and storage, and can be confiscated or diluted by new discoveries. Bitcoin completes what gold started. It takes the most fundamental resource in the universe (energy) and crystallizes it into monetary hardness that increases over time through halvings, with supply inflation trending to absolute zero. The hyperinflation question misses the point. Fiat doesn't need to hyperinflate for Bitcoin to win. It just needs to keep doing what it's designed to do, ie lose purchasing power at 2-3% annually while Bitcoin's supply inflation drops toward zero. By 2060, only 26.8 BTC will be mined per month. For miners to earn what they earn today ($1.15B/month), Bitcoin needs to be worth $40M-$120M per coin. That's not speculation, that's network security math. Either BTC reaches these prices, transaction fees explode to compensate, or the network becomes insecure. The halvings don't negotiate. On the "market cap is too high" argument it means you're thinking about Bitcoin like it's Apple stock. It's not. Market cap is a meaningless metric for a monetary network. Gold is $13 trillion and you can't send it over the internet. Global real estate is $330 trillion denominated in depreciating fiat. Derivatives markets are over $1 quadrillion in notional value built on infinitely printable currencies. If Bitcoin becomes the global settlement layer for value, which is literally what it's engineered to be, you're measuring the wrong thing ie market cap. The protocol doesn't care who owns the coins. What matters is that the monetary rules are enforced by thermodynamics, not by institutions. People will need Bitcoin to opt out of governments that are debasing their labor into worthlessness. The ones who understand energy and scarcity stack sats now. The ones who don't will learn the hard way, this is what pains me the most. The inevitability thesis isn't about Bitcoin replacing dollars tomorrow. If civilization wants to expand beyond Earth needs a monetary system that isn't tied to political borders, can't be inflated by decree, and settles in energy rather than trust. But yeah, asking these questions will illicit some interesting perspectives, we need more of this to really nut out what's happening here.

RomanticDepressive

Honestly it almost makes sense to invest in XMR since it’s much easier to double than BTC, it has a tiny market cap

CoffeeAlternative647

Bro, when BTC farts every shitcoin meltdown like diarrhea in toddler legs. Stop leveraging, stop playing ball with shorts and longs, stop believiing you'll moonshot with shitcoins. Delusion

TeaGroundbreaking306

BTC and it ain’t close

noviwu97

you repaid your loan by buying BTC with $32k, so now you have 48k USDC and you can take all of your BTC that's worth 40k. So your current portfolio is 88k

tesla_owner_1337

Sir, 1 BTC = 1 BTC, I'm not sure what math you learned but you might wanna go back to school 

Mazoku-chan

1 BTC today =/= 1 BTC tomorrow or yesterday.

sukachups

2019 was date when Tether told they hold around 3/4 reserves in cash equivalent (stocks, btc etc). 6 years have passed and still no audit, no clue how much Tether has issued out of thin air. EU has banned usdT, but it is still the most dominant (60+%). Lately we see that at some weekends there have been like 2 billions Tether issued. Whatever the value of BTC is, there has been saying 1BTC=1BTC. More accurate conversion of today would be 1BTC = 0.8 BTC

pet2pet1993

Meanwhile Monero stands at > $400, recoding XMR/BTC ratio ATH at ~ 0.0048. Financial privacy is fundamental human right.

Itur_ad_Astra

This is not 2017 anymore. You can dump crypto at any price (yes, even BTC) and if you wait for a while you'll be able to buy lower.

Novice89

No way BTC drops to 30k. Don’t get me wrong, if it did I would be ecstatic! Honestly I’d be over the moon for 40k, but realistically I think maybe around 50k or a little less will be the low in a year or two. Hope I’m wrong and you’re right though because 30k would be an absolute STEAL

Substantial_Monk_918

This is so true. In the past it was the "yen carry trade" that was very profitable that they suddenly had to unwind. Now it's BTC. But in the end it's just people looking for an explanation to something they cant understand and literally has not explanation other than market manipulation.

BHING26

If the clue is ETF, then the answer is pretty clea.r. The only cryptos with approved ETFs on wallS street are BTC and ETH.. Those two have the best chance of surviving the next 5+ yrs... The rest I don't know

SimbaTheWeasel

BTC on a discount. *Delicious*

Laughingboy14

Starting to think BTC might be dead for a short while...

tesla_owner_1337

nope. 1 BTC = 1 BTC 

nugymmer

No, the useful crypto was...just not that attractive for a very specific reason. It explains why SOL went up so much, but LINK didn't. It also explains why HBAR didn't either. The market READS into these cryptos, they will SEE that the developers hold a LOT of tokens, and they will realise that there is going to be a ceiling on the price (but sadly, no floor, as we all know and understand). The market KNOWS. Markets are actually smarter than most people realise, because markets are literally...people...people who think, feel and have knowledge and experience about stuff where money can be made - including alt coins. They know that the price upside potential on stuff like LINK and HBAR is capped until either an absolutely monstrous black swan event occurs or until the developers release and unlock all the tokens. They are not going to do that, obviously, so the price will stagnate until it happens. Or not. It's why my next foray into crypto is going to be solely BTC and nothing else, because, once again, the market KNOWS that BTC is SCARCE. Very, very scarce. 21m coins, probably several million that are out of circulation, so the real figure could be 17 or 18m...that's not a lot of coins. That's a scarce asset. And the market...well, it simply knows. And it responds accordingly. And I'm part of that market that will be buying once I am satisfied that we are not going to see any more downward pressure, and will start DCA even before that, because I know trying to time things never works unless you are lucky.

Complex-Photo-973

Simpson predicts BTC to go infinite

Expensive-Shelter-80

Bought 100 when they were $100 ea, eventually forgot about it due to life, and eventually wound up losing the key to the paper wallet. Eventually remembered about buying BTC when BTC was around 16K might've heard it in the news. Chalked up losing the wallet as karma which is definitely fitting to say the least lol Started buying alt coins, cause I felt like I missed the boat with BTC (lost $100). Or that I wanted BTC to fail because I was angry at myself for not being more careful with it/mindful. Also it was too easy to fall into the it's just a scam boat when surrounded by alts, and that helped cloud my judgement (Mind you still never invested into BTC again at this point) eventually stopped buying alts after a ez $100 loss. And never looked back 50k BTC I doubled down on the it's a scam and it's gonna fail, even though I bought early on I still fell into fud. Finally, seeing BTC at 100k is the world taunting me like you still haven't learned, and it's safe to say I'm stacking now. But man what a hell of a journey. I'd honestly be interested in others point of view of them finally having the conviction to buy and hodl

bdemon40

Yeah, BTC was around $37,000 on this day in 2023. Zoom out.

PaymentFlo

Bitcoin never becomes “too expensive” because it’s divisible into 100M sats, people just switch how they measure it. The real barrier to everyday use isn’t the price level, it’s volatility: you can’t run a normal economy when savings can swing 20% in a day. That’s why most adoption trends point toward stablecoins for spending and BTC as long-term savings, like digital gold. If Bitcoin ever stabilizes at global scale, the “house deposit suddenly doubled” problem goes away naturally.

Aazimoxx

That'll get him like $150k of BTC for his 200k lol

VariatCA

Today was an absolute short-position feeding frenzy into low weekend volume the millisecond the Nikkei opened. The long liquidations didn't help at all either. But from the time shit hit the fan until now, shorts outmuscled longs by over $4 Billion, and were pouring in at nearly *$100M a minute*. They've been thirsty and trying to hunt BTC all week, and just needed a reason to throw everything at it before a real recovery could get a foothold.

1111joey1111

.... and this is the problem with BTC. Its value is tied so closely to a few billionaire interests (and their whims/needs). That's actually WORSE than fiat currency, because at least with that... there are deeper protections (as it's more intricately interwoven throughout society and the world).

Electrical_Main_4253

Buying large amounts of BTC with no KYC is tricky because most fiat on-ramps legally require it, so the only realistic paths are: Use P2P platforms that allow self-custody trades, meetups, or OTC desks that don’t force full verification, but always stay safe and verify the seller. Or buy smaller chunks across multiple non-custodial routes and then consolidate. Once you already have crypto, swapping into BTC without KYC is easy through RocketX since it’s fully wallet-based but getting fiat → BTC in large size will always come with limits and risk.

Electrical_Main_4253

If you want safety, go BTC. If you want solid long-term upside, go ETH. If you want faster growth and more volatility, go SOL. And yeah, you can swap into all three easily through RocketX.

VariatCA

Hardly any of them appreciate the fact that the success of their altcoins/memecoins depends on BTC's continued strength and adoption. They recognize no difference between their CEO-operated centralized memecoin and Bitcoin's vast decentralized-ownership network. If they did... they might actually add some to their crypto port in the first place.

FromThePits

Correct, I charge. 8 BTC just for setting up a cold wallet. If you discount the time going into creating a unique distribution method.. The money that the printhouse charge to make exclusive stationary and envelopes.. The creation of an adfree website.. Including taking time of work to travel to the other side of the planet to assist setting up a personalized Greek Chain.. All while offering everyone, including yourself to get it all for free, if you do your own printing.. So yes 0.8 BTC "just" to set up a cold wallet. Serious question Sherbert. What would you charge?

riscten

The rate is relative. Bitcoin isn't worth $86K more than the USD is worth 0.000012 BTC

GetFunkinGood

I had to sell my BTC at 115 to pay bills. Loving this dip to start restacking. One of my few well timed trades of my lifetime

monkeysnipe

That bag can actually sell for 20% higher price in a year time. Also, you simply don’t know OP’s NW, could be in the multiple millions by now, not everyone in this sub owns 0.2BTC and hopes it goes to 5M in 2030…

ecnecn

Whales and big investment firms - for whatever reason - got greedy around $105k and placed extreme leveraged long positions (10x) ... and held them till $115k ...then paid premiums / margins to keep them when BTC lost price stability and went down (because they expected it to be a short time decrease) - this spiral went on and on... paying premium after premium to keep ther mega leveraged longs alive... in the meantime ... normal people have less and less money and normal people cannout invest infinite..

ivan971

Of course the market is the issue. Asian markets have nuked BTC price by 4k+ in less than 1 hour twice now in the last 2 weeks.

SilverbackViking

He has no money to add ETH 😂🔥 I personally think green will be a wash trade! Sell Bitcoin purchased at higher prices and then buy the dip when everyone panics and says "omg Saylor is selling!" He can claim a tax loss AND increase BTC per share, his stated goal is find anyway to increase BTC per share.

beachandbyte

A poorly leveraged BTC ETF is all I really see. It trading above NAV is an anomaly. Not that it can't continue to trade above NAV but usually you would find things trading above NAV where the actual strategy had some level of difficulty in implementation or just getting the equity or assets as a retail trader is difficult or impossible. If the market decides not to pay a premium at some point (which is the reasonable position), it's only real value is whatever BTC it has. Your basically paying a premium per $ of BTC, and for your generosity get a TON of counter party risk. I don't understand the bet at all, as what advantage does he have by being a "bigger player", if anything he is now more vulnerable, and can't move or protect positions with any real level of agility. Any move he takes to protect his position will likely further hurt his position, as it makes the news etc. As a small player you can take on actual leverage, exit and enter positions with ease with no effect on the market. If bitcoin makes some massive move in overnight, you can just stop our or exit a position. It would take bitcoin going to ZERO for you to lose all your money. Basically I can't think of ANY reason someone would choose to buy some MSTR vs just buying some bitcoin.

Positive_Rope2951

I recently performed this service for a friend of mine. I converted his bag of fiat to BTC over a 2-year period. Then I took him to the dairy Queen for a soft serve ice cream cone. He ate it and had a stroke and died. 😔

Mazoku-chan

1 BTC today might be 0.01 BTC in the future.

longonbtc

It doesn't matter who created Bitcoin or who Satoshi is. Satoshi has no control over the Bitcoin protocol. We know that Bitcoin came from decades of cypherpunks' work trying to create cryptographic digital money. Increasing the maximum supply of BTC would require a hard fork and that would create a new altcoin with its own separate blockchain, but only as long as some cryptocurrency miners are willing to mine this separate altcoin. Bitcoin would still exist with its own separate blockchain and nothing about Bitcoin would have been changed. In fact, this has already happened many times. There have already been more than a hundred altcoins that have been created by forking off from Bitcoin.

anon-187101

if you believe in diminishing returns *and* -70-80% bear markets forever, then BTC has to go to 0 over time - that's just math for the record, I *don't* believe that will happen so either returns are not truly diminishing, or bear markets won't be as severe - can't have both and still have BTC be a growing asset 

PaymentFlo

Bitcoin doesn’t really become “too expensive”, it just gets measured in sats the same way dollars get measured in cents. The real issue isn’t price level, it’s volatility: you can’t use something as day-to-day money if it can swing 10–20% overnight. That’s why most real-world adoption uses stablecoins for spending and BTC for long-term savings. If Bitcoin ever stabilizes at scale, then the “house deposit panic” scenario disappears.

Humphrey-B-Bear

Apologies, my original wording was poorly chosen (see edit). What I meant was that the 4 year cycles may no longer apply. As for denying there is no such cycle and calling it astrology. I completely disagree. It's very clear that in the past, for whatever reason BTC was following a 4 year (perhaps linked to the helvening) pattern. How else do you explain a recurring pattern that remained consistent for 12 years? One last point re cycles and market dynamic's. Again, it is widely acknowledged that once you pass the previous all time high (after a sustained bear market), like it or not, you've started the next cycle and entered a bull market scenario.

inShambles3749

No need I don't care about Bitcoin going down I care about retarded fascist Fucks ruining global economy. BTC goes only up. Alts though. Wasted a shit ton of time

bamboojerky

I had a video card, a very powerful video card. Was going to mine BTC but got caught up playing Wow Wrath of the lich King

PaymentFlo

Interesting breakdown, the real story here isn’t Strategy’s “sell trigger,” it’s how concentrated BTC ownership has become. When a few mega-holders control liquidity, market stability depends more on corporate balance sheets than retail sentiment. That’s not bearish, but it is a shift away from the original peer-to-peer vision. The big question is whether Bitcoin’s decentralization can survive institutional-scale decision making.

Complex-Photo-973

Imagine Elon starts BTC treasury company!

Complex-Photo-973

Imagine Elon starts BTC treasury company!

anon-187101

there is no "law of diminishing returns", lmao that's the point, do the simple math: BTC +500% BTC -80% BTC +250% BTC -80% BTC +125% BTC -80% . . . you tell me - if this sequence continues, how does BTC avoid going to $0?

WickedDeity

Fuck you are stupid... I am not denying there are scammers doing that. Why would anyone trade BTC for gift cards? Unless at a 90% premium?

anon-187101

>That’s a bull run your forgetting that we crashed -78% in 2022 much of the "bull run" you're counting was mostly re-basing from the previous bear  also look at 2013, 2017, and even 2021 if your frame of reference is the absolute bottom of each bear market to the absolute peak - compare those %s, this "cycle" hasn't even been close >So don’t be surprised if 2026 is -60% year I would absolutely be surprised if BTC trades $35k in 2026 that's way too deep a discount given the fact that we didn't even 2x the previous ATH in 2021 you can't expect: 1) BTC to be so predictable with "cycles", markets don't just give away free money like that, and 2) that bull markets "should" weaken over time, but bear markets will be nearly as brutal as always - that would mathematically imply that BTC -> 0

pop-1988

MSTR trades at a premium to its Bitcoin stash because shareholders set the price in expectation of BTC price growth. It follows that if the price doesn't grow, eventually this optimism diminishes Even so, if they can't raise funds to buy more, the main effect is that they stop buying more Then they may need to sell to fund their borrowing costs, but they'd only need to sell a tiny fraction of the stash - unless the price falls a long way, maybe below $2000. If it falls that far, nobody cares whether they hoard or sell, or how much they sell

invalid404

Is it? 1.85% +0.04 It doesn't look like it's done much the past week, nor does it look like it's moved greatly the past 5 years. It's up over that time, but still seems low. It doesn't seem like this is why BTC fell. Not sure why so many upvotes for this comment.

dimi727

the only ones that are winning are the people that bought/stole BTC in those years and went to prison for 15 years.

Rajking777

Lambo when BTC hit 300k next ATH I calculated trend it might be possible

WickedDeity

Huh? Is your argument if I am willing to buy BTC with cow shit there will be sellers? Repeat after me... No one wants gift cards. Is this the sock puppet account of the OP?

Easik

I don't think you have a very good grasp on money or the value of things. Gold isn't a limited resource. Gold has value because people say it has value. Gold has value because it costs money to mine it. The gold used in electronics and other products is fairly insignificant and not a real driver of price via supply/demand mechanics. I'm not sure why you would compare it to gold. If you can't understand the objective fact that BTC has a supply cap of 21m, then I can't help you understand. It's like arguing with someone that doesn't think 1+1 is 2. There isn't a common ground for us to build any sort of understanding. You aren't smart enough to understand it seems.

NHLBigFan

Now I see why BTC dropped today.

Oren_Lester

It's a bit stupid comparison. It's her teeth, for her it's very valuable , she will pay a fortune to maintain and treat them. BTC is like everyone's teeth if I stay with teeth as analogy

104MAS

Looks like BTC is back under 90k again

twscho

My thought is what will the world be like in the years ahead when you want to sell that BTC? You may not be able to sell your coins without KYC. The world may be on one system, you know Big Brother! They may want to know how you got it. Sounds like a bag of worms!

VariatCA

In a vacuum (pretend no other buyers/sellers/shorts/longs/etc, aside from the person buying your short-sale), a Short-position can only affect the price for a limited time. Closing your short requires buying the asset back at spot price. Pretend you opened a $1 Billion short, you would drop the price down to wherever the market's order book could bear. Suddenly you're in a ton of "profit", right? Well to close, you now need to *buy that same amount of BTC back*, and are at the mercy of the order books on the way back up. If those people who bought your short aren't interested in selling at these prices, closing your short could theoretically lose you money depending on available/willing sellers.

Seattleman1955

It always helps to be logical. The rich getting richer (how would they not) has no bearing on BTC being sound money. It's money, not a product. If you aren't fairly well off, that doesn't mean the "system is rigged". BTC isn't meant to be some magic to help poor people become rich people.

Impossible-Clock-576

I thought this was digital gold. Golds ripping why can’t BTC

VariatCA

Many of them are algo-traded to generally follow BTC's movements. For most alts, their liquidity is also pinned to an underlying crypto-asset like BTC or ETH, hence the value of that altcoin will naturally drop/rise just as a consequence of BTC/ETH rising or falling in price. It's a simplistic reason for why alts will drop much harder than BTC on the way down, they get hammered twice.

PMmeuroneweirdtrick

Yeah I think so too. I bought the dip on that day, made a nice profit but then liquidated most of my positions. Buying BTC sub 85 but otherwise sitting on the sidelines.

VariatCA

Just another $1 Billion in shorts opened within 5 minutes of each other there, outpacing longs 2:1, nothing to see here... It's such a completely aggressive offensive against BTC it's honestly ridiculous. The short-pressure absolutely dwarfs the difference in buy/sell "natural" trading volume being recorded.

Ladlow

Everything follows BTC these days. Institutional money plus bots trading.

DrEtatstician

Is it the intense amount of short players putting a lot of pressure on BTC ?!!

DeFi_Ry

I started buying dips when Russia invaded Ukraine.....at like $40k BTC fell to $15.5k This feels the same. I'd take a break if I were you 

Dependent_Knee1802

Ahh reminded me when I bought $100 worth of BTC back in 2018 on Gemini cuz a coworker brought it up to me about how he used BTC to pay for a down payment on his house. I'm like damn I want a house! Long story short forgot about it until when lockdowns started and I started investing for fun. With all the hype around investments I remembered about the crypto I had bought a few years back. The $100 soared to about $1000! I think price was shy around 60k when I sold it. I didn't care though because to me I made money! I was thrilled! I didn't know crap about it yet somehow it made me money?? Perspective is a hell of subject that people don't bring up enough.

_TheWolfOfWalmart_

Better than a loss! I still did really well overall, but damn... could've just put it all in BTC when my alts were overheated and been able to retire. It was still cheap then.