BTC

dmelt253

Yep, just like the last 3 or 4 times this happened, BTC is TOAST

Cold-Gene-1987

Sold some BTC last year to cover my rent, now I’m accumulating again to pay my rent in 2029.

RevolutionaryCost59

Thank you. I just bought some BTC

kidflashonnikes

So this is my take on this topic. I work at one of the big 3 AI companies - and there are things happening behind the scenes that people are not even aware - I’m talking stuff that would make you question everything. I can absolutely assure you - rich powerful people know what these things are - and word travels fast - the results are tangible and will be arriving in 2027 big time. That is why they are selling crypto and buying AI compute things. BTC TBH just dead

kshucker

Just hold. I’ve got it all staked so I’ll earn more SOL over time. Been in Solana since 2020 when it was a few bucks. I’m aware of how the crypto cycles work due to getting into BTC early. Thought I caught the downside trend of Solana but then the Iran stuff happened which pushed the price down, then the current Saylor stuff pushed it down further. All out of my hands but I’m confident it’ll reach the price that I got into during the bull run. It was all crypto I mined from not putting any actual fiat into it so I’m technically still positive?

samsimon123

i cannot imagine (almost impossible) if BTC dumps to $20K, USDT collapses, and economy crisis (AI bubble collapses etc) Michael Saylor would be the LOST guy ever in history!

Suitable_Acadia_190

Borrowing against your Bitcoin instead of selling it. You keep the asset, unlock liquidity, and if BTC goes up you still benefit from the appreciation. Selling would end that upside permanently.

Upstairs-Ant-3917

I think it'll go down to $40,000. Bitcoin peaked around $125k, and major bear markets have historically seen drawdowns of 70–85% from cycle highs. A move to $40k would only be about a 68% decline, which is actually relatively mild by historical standards. Especially now that BTC is a more mature asset, with tighter liquidity and reduced speculative demand, I think that 40 is a reasonable bottom. Of course, I'm still DCA'ing my way in.

tj78492

Cardano dumping and Charles taking a break, SOL in the dumps, Bankless selling ETH, Saylor selling BTC, ZEC exploited... this is a shit show

HeyItsMeMrBoss

A loooooot of people who say "long term investment" had delusions of grandeur and thought that meant " back to 100k in a week". This isn't a BTC specific issue.

azdcaz

“DUMPED” a whole 32 BTC that they telegraphed they’d sell for tax reasons during the earnings call and said they’d buy back more. The travesty of selling 0.0001% of their bitcoin. How will anyone recover?!

OldHamburger7923

Personally I think stocks are due for a dump, when that happens BTC will dump further. If it happened now, we could see sub 50k to 30k. But it is hard to estimate because BTC could bounce back to 70k before stocks dump.

UrbanGrower187

*One more sat, then one more two,* *Stacking little pieces, that’s what I do.* *Rain or shine, red or green,* *BTC grows behind the scene.* *Others chase the latest craze,* *I keep stacking through the days.* *Tick by tick, my pile will stay,* *Just a little more BTC each day.* ₿

DeeperThanClovis

Definitely agree that the unit has to shift to Sats. BTC focused Exchanges like Swan and River should change their display to start.

Hertzegovina

”Maybe BTC explodes in an economic collapse since everyone is expecting the opposite.” exactly the kind of insightful analysis one can expect from a crypto bro.

RosieDear

My guess - is that if you sold in the time period of 2017-2020 and invested that in a general Index fund, you'd be WAY ahead of the game (your money would have over doubled). If you sold in the same time period and invested in well known and relatively low risk high tech stocks like google, Nvidia, apple, etc - take what you'd have gotten for the BTC and multiply it by about 12X and that's what you'd have today. So, if we were talking 250K worth of BTC in 2019, the later would mean you'd have 3 million. Those who just sat on the BTC? They'd be anywhere from about a negative 25% return to a plus 30% return. Factually the stock market scenarios are far superior, but I can't imagine that you would be either bragging or proud that you left that much money on the table????? I've done stupid things like selling my TSLA shares I bought in 2012 when I only tripled my money.....(I think it would be worth 100X what it was or more)....I can admit it. I also bought and sold Apple from 1984 onwards...at least a dozen times. If I would have held onto my shares...even from the mid or late 1990's, I'd be flying Private Jets (net jets). I'm happy with what I made....but I'm not going to sit here and brag about making 10 or 100X less than I could have! The thing is - the shares of all these companies I owned was "mad money". I didn't need to sell them....didn't need the money. Human nature....made it so I was happy with my returns.

carsonthecarsinogen

The lift raft is BTC when this was originally made. OP reposted it when BTC / strat was down and Saylor was selling BTC, suggesting he was bailing on BTC (the ship).

carsonthecarsinogen

The lift raft is BTC when this was originally made. OP reposted it when BTC / strat was down and Saylor was selling BTC, suggesting he was bailing on BTC (the ship).

DrEtatstician

Here is the reality , the liquid money is draining into hot ETFs like DRAM, whether we like it or not , the rotation is in full Swing . Nothing to do with BTC . My guess is that we might see low 50’s pretty soon and I am prepared for that event , further another narrative that’s killing is 2021-2026 , it’s no growth and we could have invested in S&P and that’s trending discussion which is not helping

StockJournalist9103

You can invest in stocks and shares in companies that specialise in AI, so the suggestion more towards AI is less investment in crypto/BTC.

ATLienZ777

Yea lol that’s great but BTC was what 29k- peak 69k it went above the 100k’s this year lol some people like to hodl and those people came up the most lol

BitingArmadillo

Interesting how the price barely moves when he buys thousands of BTC, but takes a nose dive when he sells 32.

Dangerous-Bed-5885

ETH typically performs better than BTC but hasn’t this cycle. Also ETH has MANY developers leaving this year to join other crypto projects. ETH founder has sold about 600,000 of the 700,000 ETH he was holding lol I don’t know what you heard but ETH is having a bad cycle this time around compared to previous cycles. I would stay far away from ETH. It’s slowly dying.

Relative-Rise1657

What is the link between BTC and AI? I don't get it.

GlockenspielVentura

That's actually very insightful. The ai stock market pulling back could trigger the BTC bottom, and then a lot of GPU power will go back to mining BTC since it will become more profitable than AI again and trigger the next bull.

Significant-Funny420

I think all the people that truely believe in BTC, don't come to places like this subreddit. I'm one more "why is it dropping" post away from leaving.

BigSur-Bigfoot

I just hit one BTC yesterday after starting my first by @ $120,000. Was a brutal DCA down

66NickS

That’s one of the things about social media, you can choose to use it how you want. It’s a media for being social/engaging socially. Want to post selfies and family pics? Great, have at it. Want to discuss BTC and other investment guidance, go for it. Want to use it to raise awareness for a service or product you offer? More power to you.

No_Fortune_1176

Option 3 all day. I run this exact setup through Oobit and BTC stays where it is, USDT handles the daily spending. Tap at any Visa merchant and done. No reason to touch your BTC for groceries

Quick-Scientist-3187

Could you see him crashing/destroying BTC? What could stop him from cashing out & selling everything when/if BTC hits 200/300k🤔

Available-Ostrich191

Option 3 all day. I run this exact setup through Oobit and BTC stays where it is, USDT handles the daily spending. Tap at any Visa merchant and done. No reason to touch your BTC for groceries

Weedler

Exactly, there is always the tiny unrealistic fear that this time the breaks dont work and it will slam into the ground. Same with BTC

ubermensch1001

Well, my read on that was right so it makes sense to me. Litecoin isn't even in the top 20 anymore. It wouldn't go to 0, but it could just linger around $40 to $60 or so indefinitely. This is a huge reason why most people would be better off just buying BTC, most alts are trash and for those that aren't the volatility isn't worth it compared to just stacking sats.

Lavayo

I think it will go similar to the dotcom bubble. AI is here to stay. Many products are useful and will change society. Hopefuly for the better, maybe for worse but they will (and do) change the way we live. There is still massive hype, overbought companies and bloated valuations. There will be a crash, when the dust settles an industry will form that no one can imagine living without in 20 years. Thats the reason big tech invests that much, the one that invests less has a higher chance to be on the losing side. In all of this BTC is the only digital asset that can't be copied, faked or taken over by AI.

ubermensch1001

I'm not too familiar with online gambling, but it would make sense for them to use that because of how cheap it is to send/transfer. What other crypto projects do they use besides that and obviously BTC?

jeremiahcp

What do you mean, no one is talking? You fuckers won't shut up about this dipshit selling 32 BTC.

Amqo-BCN

Selling IA stocks to buy BTC here

willofscott

Kiyosaki disregard, Cuban disregard, The to use “dump” is to FUD In your own words… Saylor sold 32 BTC just to show he could, thats like 2.5 million dollars, like .00000001% of anything, they don’t need 2.5 million they have billions coming constantly. He sold 32 and turned around and buys 1000’s everytime, I believe days after he sold 32. It was to get that out of the way, it shows MSTR has more strength… being they can if need be - sell alittle to get through any difficult times, it’s actually really bullish. It protects the ones buying STRC which is the money flow for buying bitcoin. Anything which promotes STRC sales is bullish for BTC. Watch your accidental FUD, not needed. The other two guys, who cares about them, both just want to be in the lime light.

toddgak

This is a great reason to lower the price. You don't want this amount of liquidity pouring water on a real bull run at ATH. The people who are going to sell Gox BTC will sell at any price.

DoingItForEli

Bitcoin hasn’t actually been through a bonafide market crash. It was born in the wake of one, survived covid and which was bad but not quite market crash, but has never really been around for “the big one.” A correction is coming, nobody knows when, and a lot of bears are starting to make a lot of sense. Who knows. Maybe BTC explodes in an economic collapse since everyone is expecting the opposite.

No_Perception_1930

Then I guess BTC to zero will be the least of my problems...

NetflixSux247

Not as low as where BTC is going...

devCheckingIn

Honestly... who knows. If it just follows cycle theory then yeah, maybe this time next year we're on an up-trend but who knows when we'll see BTC at $100k again. Could be 2-3 years. Could also depend on the macro environment, economy, etc. which, frankly, doesn't look favorable at all for risk assets. Then again there can be any number of white swan events along the way too.

Interesting_Loss_907

There’s only 1 genesis block, & the 50 BTC block reward is un-spendable. But I get your point. None of the coins from the blocks mined in January 2009 have moved iirc. We know SN mined Block 9 at least since he sent coins from that address to HF. (Or HF sent to himself?). I agree HF is likely to have been part of a SN team.

rajface

BTC used to trade for quarters and now that it’s “crashed” to $50,000 it’s dead? Has nobody looked at a 10 year chart?

Rock_Strongo

If MSTR continues to sell it will become less and less impactful on price over time. The only reason it triggered a dip this time (if you believe that was a catalyst for this ~8% drop) is because it's their first time selling in a while. Certainly not because 32 BTC is enough to make any difference either direction.

Warrlock608

What I find crazy is people are going to pile into the space x IPO, but won't touch BTC at $60k. I personally am dumping every spare cent I have into DCA right now. I bought at $30k, 120k, and everything in between I see no reason to be selling here.

buckminster_fuller

BTC may only growth when its a response against the system, the big players dropping out could be the remergence of decentralized ownership.

Spicyocto

It’s because most people here probably bought at 120k and wanted to retire on BTC in the next 12 months lol

Lavayo

You only got half of it right. This bubble sees worth in buying BTC, esp. at low prices, true. But EVERYONE should think twice about buying a Stock with a RSI of 99. The whole "BTC produces nothing" debate is a bit of a red herring here at best only relevant to one half of my point.

AppropriateSpite7137

The halving is one of the main drivers of Bitcoin’s cycle. By reducing the supply of new BTC, it increases scarcity. As demand grows and more people accumulate, prices tend to rise. Historically, major bull runs have often occurred 12–18 months after the halving, and the cycle has repeated several times.

WorldlyAd8433

Yeah who cares when it represents this. People are overthinking it, BTC should stay 5% maximum.

Denniszi

He "dumped" 32 BTC, thats 0,0039% of their holdings.... 0,0039 of for example 10.000$ is 0.39$.... People just sell because he said he never sell its not about amount or price,just the fact that he did.

TheresNoSecondBest

That was quite the jump from "the money isn't broken." >So how do you propose you buy something with BTC without converting it to fiat first? https://youtu.be/Tlhvnpi2ukA >Or is the entire world going to ditch fiat completely and just use BTC? Thousands of vendors already do. It's gonna take a while until the rest catches on.

Abject-Stretch-1187

Yah didn’t think I would get anything substantive as a reply from you lol Value only has to be useful for something tangible? I’m guess electricity or the internet are pretty useless then considering they are not tangible in the slightest. Don’t worry, you’ll keep coping watching BTC go from 1T to 30T and beyond. 

Elean0rZ

Notwithstanding, in the context of blockchain tech there's a very specific technical distinction between "coins" and "tokens". Bitcoin is the former. Whatever one might think about BTC or Saylor, there's still no excuse for using an incorrect term when reporting on it, any more than it would be OK to describe MSTR as a bond.

AWantedHero

Wow cool. Must be what it felt like when BTC was first released and a handful of peeps got to experience it 253fa9f08938b8b855e35776a3e3b496bcd1924dfea97ebece657b6319f36a95

Nemozoli

Sounds fishy... Bitconneeeeect came into being long after BTC was $1k (I remember Carlos Matos...), so how did you get only $15k on a minimum of $25k investment? I bought when BTC was around $2500-3000 in 2017. Bitconnect came later than that.

EnderSword

They're pretty correlated, but BTC does show outperformance in general.

jeremiahcp

Dump all but BTC, and SOL, put most of the money in BTC and some in SOL.

Crivos

It’s a FUD campaign to drive BTC price down before the clarity act passes and sends the price of bitcoin up.

Nemozoli

Buying anything other than Bitcoin. I suffered from when I sold almost 3 BTC for shitcoins in 2018, thinking the ride was over and anything is now better than that old dilapidated, outdated Bitcoin that cannot even... (insert shill quote). Learned my lesson, never shitcoining ever again.

juice06870

Everting is more expensive now. Interest rates are high. People don’t have a lot of money to spare to buy BTC. People who invested more than they should have need to sell to use the money to pay bills and exist. When times get tough the speculative assets are first to sell.

Titiflex

Fking hell man getting tired of the *sold 32 BTC* guys the guy still has 800.000 more!!!! Wtf…

bouldering_fan

1T propped up by a couple rich guys is not impressive to me. I'd be more curious what the liquidity of the market is. Value defined as "useful for something tangible" is absolutely questionable. BTC unfortunately failed spectacularly in most cases.

blaziken8x

It is how everyone starts, "BTC is too expensive", so they buy a couple of alts and some shitcoins for hopium. Still, you'll probably double your money if BTC gets back to 120k.

popoppopcorn

Emotional people with more money on the line than they can afford to lose. Happens every single time when BTC dips hard. I think a whole lot of people are larping conviction on here to try and convince themselves they are making a good decision. I just buy every week I can afford it. No way 126k was the final all time high for BTC, so it's only a matter of time and I have a lot of time.

MinimumRight3911

I use the same would i buy today test and its brutal but it works. At Merehead we actually had to formalize this for our treasury because devs kept holding dead tokens from 2021. My personal rule is if i havent thought about the project in 3 months its a bag not a hold. the borrowing thing is spot on too, i only collateralize BTC and ETH because i know i want them in 5 years. Everything else i should have sold already. The hardest part is just clicking sell and accepting the loss, but every time ive done it the money went into something better

SeaworthinessDry269

That plus the fact that he was relying on new shares to pay for dividends. It only works if the BTC keeps appreciating.

tootapple

Could argue charlatans support BTC

isamu999

I have a couple of questions regarding Hyperliquid. 1)Do they allow you to stake your BTC, wrapped or otherwise? 2)Do they have any option to on-board from fiat to crypto anonymously and without KYC? If not, any plans to?

TheConvincingSavant

The fundamentals of BTC have not changed. However, what has changed is that as of today, there has never been a time with more adoption of BTC and blockchain across a myriad of industries. Large financial institutions have purchased billions of BTC and the US Congress is even voting on legislation around the space. Hardly the sign of something that is dying.

Western-Source710

Facts, keep stackin. BTC ain't for you if you can't hold for a few years and ride out the weather. I've gotten margin/maintenance calls and I continue doubling the fuck down.

Mooks79

That’s true, I’m so uninterested in the value of MSTR I defaulted to BTC. But you could take a similar date with the launch of public availability of MSTR shares (obviously adjusting the date and window accordingly).

icozepp

We all know that hacking Bitcoin itself is theoretically close to impossible, and if that ever happened, there would probably be much bigger global problems anyway. But what I keep wondering is: what happens if governments, pushed by banks or monetary interests, don’t try to kill BTC technically, but instead make it practically unusable? For example, banning or heavily restricting CEXes, making fiat on/off ramps extremely difficult, imposing massive taxes, or restricting merchants and institutions from interacting with it. BTC could still “exist,” but if converting, spending, or legally using it becomes a nightmare, doesn’t that represent a major long-term risk people underestimate?

HSuke

I'm not concerned with them going completely bankrupt to the point MSTR is worth $0. I'm concerned with a slow downward spiral that begins 1 week from now. STRC is down so much that we aren't going to see much ATM this month. What if there is no STRC ATM this month during the ex-div week? If there is no ATM, MSTR is going to take a huge hit. And then they'll need to sell either MSTR or BTC in 4 weeks, which will drop the price even more due to negative news. The cash reserves are far too small already. MSTR bulls have had ATM for so long that they've forgotten what it's like to have no revenue.

RoughOk287

Sell all, buy only BTC

Lavayo

Largely agree with you, except people still own risky assets. How anyone can buy micron with a RSI of 99 instead of BTC near the 200 WMA goes beyond me. IMO one of the two has far more risk and it's not what the market is doing right now. SpaceX IPO is similar.

BoatyFace101

Drop everything except BTC rn imo.... We're in a bear market and we're gonna go lower. Alts will bleeeeeeeeed

baIIern

He means 50-60k BTC price

baIIern

Looks like a list of this sub's darlings 😅 not a good sign though. Why only 50 cents of BTC

DontChewCoke

Reading this while lurking BTC since 2010 feels weird

alien-fr

It's actually time to buy not sell. I don't even care for BTC but the rhetoric has publicly flipped to bearish... Usually a bullish sign lol

No_Entry_9357

I never owned Bitcoin and supported the Charlie Munger thesis and so on. Today I bought for the first time of my life. Just to be fair I bought top 10 crypto ETP massively weighted towards BTC.

Remarkable_Scheme888

If youre going to own crypto - buy BTC. Crypto is already gambling so going to anything other then BTC, ETH and MAYBE SOL/XRP (those are still WAY below BTC/ETH) is just degenerate gambling. BTC is king. If you want to play in Crypto most money should be in BTC

burningETH

The BTC will be the most valuable asset in this wallet 8 years from now

Mooks79

You need to use common dates for both. It makes no sense to choose different dates. But as it wouldn’t be easy to use a common date that isn’t near to some specific event for one or both, you’d probably do a few. For example, you could choose the around 2012/2013 as this is when BTC was a bit more mainstream and accessible to most people (ie large exchanges existed) and then do the min/max/mean 5 year return from then to now using a 5 year sliding window. Ditto S&P 500.

phdonme

If BTC hit 1mil each; that would be 3x all total currency in the world. It would trigger widespread hyper inflation. Wiping out purchasing power, savings and debt and would absolutely wiped out, including fixed rates. Massive hoarding would ensue leading to supply shortages of all materials. Then you're talking about the collapse of energy supply infrastructure. It will completely halt and destabilize all economies. Leading to its own inevitable crash. Thi is basic econ stuff. Your Bitcoin might be worth it million dollars but a loaf of bread would cost you the equivalent of $10,000. What's the point?

LongLonMan

Problem is he now has preferreds and other dividend instruments he has to pay on. The stock fundamentally is built off BTC growth to support equity raises, which is not happening.

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Abject-Stretch-1187

“Stay there for about a year” okay buddy. BTC has never stayed at a bottom for a yr in its history so no idea what you’re on about. That’s not how bottoms in most markets work. 

Temporary_Lie_7164

If u bought BTC at like 40k. It feels like a good investment up 50% but u basically waited years to achieve that. The NASDAQ is up a lot more than that.

powerguy134

The first bitcoin transaction in history: Satoshi Nakamoto sent 10 BTC to Hal Finney circa 2009.

Ecstatic-Rent7862

Madami na competition btc ngayon like AI na ang IPO for public investment is next year na kaya wag ka mag-all in kay BTC remember dati madaming nawala sa money markets during dot com bubble Amazon lang ang startup stock na nagsurvive nun Sa kin may tinitingnan lang ako parameters sa weekly timeframe para malaman kung stable pa dn si btc if makarecover pa dn from bear market despite na may AI na. Kaya din may bear market may naglilipat ng funds from crypto to AI 1. Dapat dumaan ng oversold at retest ng oversold sa weekly 2. Nasa Middle bollinger band sa weekly 3. Nagsurpass sa lahat ng EMA sa weekly including 50 100 200 4. May bullish FVG sa weekly malapit sa mga mid Bollinger band at lahat ng EMAs sa weekly Pag lahat yan pasok dun ako magstart ng DCA. So sa 62k btc ngayon hindi pa kasi I dont like catching falling knives mauubos lang pondo ko Isa pa Wala pa nga sa 60 percent drop si btc considering may AI IPO pa next year at may ongoing war sa middle east. Sobrang taas pa din ng langis. Considering those and the data below Hindi pa ngayon wise magDCA COVID crash (2020): ~-63% 2018 bear market: ~-84% 2022 bear market: ~-77% Worst crash ever (2011): ~-93% So from ATH eto ang computation ng percentage ng mga drop $125k → $50k = -60% drop pa lang, eh 62k pa nga lang si btc as of this writing $125k → $30k = -76% $125k → $20k = -84% Pero ako I'm willing to buy kahit 70k btc Basta pasok yung apat na bullets ko sa taas. Yan same reason bat di ako bumili nung previous drop sa 59k bago 80k. Simula pa lang ng confirmation ng bear market for btc. Sobra dami na bullish nung 59k to 80k Sabi aabot pa daw 90k. Ngayon andami na naman nagsasabi buy the dip na. Pero pag mas bumaba naman sasabihin pa mga tao mas may idrodrop pa, at lagi silang Mali dun kc yun na pala bottom pero gusto pa nila mas mababa. Sa ngayon naman bumibili agad kasi ayaw maiwan kahit ngayon pa lang nagsisimulang iaccept ng lahat na bear market na. Same story pandemic days ganyan na. So pag madami nang exhausted na buyer at mas madami nang ayaw pa din bumili malamang tapos na bottom Pero now lahat gusto agad bumili kasi takot maiwan. That's for me.

Moist_Candle_2721

So how do you propose you buy something with BTC without converting it to fiat first? Or is the entire world going to ditch fiat completely and just use BTC?

A1JX52rentner

This only works if you can show the actual forced-selling mechanism. “BTC goes down, therefore MSTR must dump its Bitcoin” is not enough. Where is the margin call? Where is the covenant? Where is the redemption right that forces them to sell? MSTR is not FTX or Celsius. There are no depositors withdrawing coins. Most of the financing is long-dated equity/convertible/preferred capital. A falling BTC price can make the equity ugly, sure, but “ugly” is not the same thing as “automatic bankruptcy”. The bear case needs more than “empty box” rhetoric. It needs to explain the specific path from BTC drawdown → forced liquidation → insolvency. Otherwise you’re just saying “I don’t like the structure.”

Outrageous-Camp-259

Good for me! Now, panic more, i want more BTC.

usa2a

On Strategy.com right now: * USD Months of Dividend Coverage: 6.3 * BTC Years of Dividend Coverage: 31.5 So wow, MSTR can cover their dividend obligations for 32 years! Except what happens when they start dipping into those "BTC Years" selling more BTC to pay obligations when the "USD Months" run out? The value of BTC drops. This means they have to sell a larger quantity of it to meet the same dollar amount obligations. That makes it drop more. It is a negative feedback loop as powerful as the positive feedback loop that got them to this point (buy more BTC -> price goes up -> share price rises -> sell more shares -> buy more BTC), except it can unwind at a rate that is out of their control. Anybody who thinks that would actually last "31.5" years is bonkers especially as we just saw them sell 32 BTC and immediately crash the price. Only 843,674 to go, liquidity should hold up great! Their great financial innovation is STRC, which they adjust the interest rate on to keep it pegged to $100. They can always back that up because of their bitcoin stockpile! You know what else worked a LOT like that? A little stablecoin/unstablecoin pairing called TerraUSD and Luna.

Mohowl_

How about he mined so many coins under different wallets, that he has sold, and just left the Satoshi one alone to prove his point about BTC? Is that possible?

JohnSnowHenry

Well I always put just 5% each month on BTC because of the fomo… I really don’t think it’s something that gives real value so I’m not expecting much (still a lot better than all other cryptos).