BTC

malte_brigge

Got downvoted for mentioning this exact news event in another thread as one among several factors putting downward pressure on Bitcoin. > Mt. Gox still holds roughly 34,504 BTC valued at $2.43 billion. Best believe that almost every single one of those coins is going to be sold.

LibertyWithLiquidity

No, the fiat system is a sick, satanic system, nothing normal about it. Thank God for BTC!

LeftJayed

Let's just go purely off BTC's appreciation, even ignoring the first 8 years of early adoption growth, and just going off the last decade alone, BTC went from buying 0.53 ounces of gold per BTC to 14.4 ounces of gold per BTC. That's over 2,670% price appreciation against a scarce resource. Gold's market cap has roughly 4x'd since 2016, from $7.7 trillion, to $31 trillion. BTCs has nearly 100x'd. For the sake of easy math, we'll assume inflation rate roughly holds the same as it is (that's actually an overly optimistic outlook for the current global denominator; USD), at this pace, by 2036 gold market will be roughly $126 trillion. BTC will be at $129 trillion. Global GDP will be somewhere between $110-$140 trillion. Now you can argue that BTC can't possibly continue to appreciate in real terms at the same rate, to which I will concede, but counter with the USD can't possibly avoid a solvency crisis at some point within the next decade that dethrones it as the global denominator. There's a reason almost every macro economist on the planet is already personally balls deep in crypto. The writing is on the wall. Nation States will gnash their teeth and thrash against their dying light, but their fate was sealed the day the world agreed to the terms of Bretton Woods. It's not a matter of "if", but "when." Hard money has a perfect win record against FIAT currencies. The only difference between now and any other time in history, we have a form of money harder than precious metals.

nikky_bg

All the money now are flooding into stocks. I have some buy triggers for BTC and don't even bother to analyze it.

DepartmentTall4891

Theres a $49,000/BTC blessing coming soon.

antiquespaceship

I honestly feel like that with the move towards stable coins, a lot of legacy crypto including BTC seems not super useful. I’ve been dumping most of my crypto recently because I actually don’t see the use case the way that I used to.

Hot_College_1343

When BTC was 125k, people would say price would never drop below 100k as institutions would buy it up so quickly…

ubermensch1001

Yes, I'm predominantly BTC but also have positions in ETH and ADA. I was way too heavy in alts from 2018 through 2021. I exitedbfron my alt positions back then years ago, converted my ETH into Bitcoin early 2024 and didn't touch it again until spring of last year when I made a lump sum purchase at a hair under $1400. ADA I steadily accumulated tail end of 2022 through fall of 2024 and also made a large lump sum purchase very recently. However, this year I've been predominantly BTC and plan on accumulating at a comfortable rate.

No-Country-8176

Well the truth is BTC never promised to return anything and AI companies are promising trillions of dollar return. While it gonna take 10-20 year to recover expense.

Mister_Way

You said BTC is down 50%, therefore the "reduced volatility" thesis was incorrect. However, in the past, volatility was as high as -95%, so 50% is much less volatile. It will still have an extreme emotional impact on investors, but it is not nearly the same level. It must fall in half an additional 4 times to reach the old levels of volatility it used to display.

Just-Complaint-2094

Great. I have been for a year and never happier Sandisk alone has brought me 96% returns while BTC sits and does shit. I hope it skyrockets but it won’t Maybe in 2040

Illustrious-Boss9356

Everyone's talking about price, which is why I'm still less than bullish. There is a ton going on in the world as it relates to BTC: BIP-110 fiasco and risk. Quantum computing advancements. Countries shutting down the use of BTC. It being much less pseudononymous as more CEX's are working w authorities to identify wallets to create paper trails. Miners and mining pool consolidation. Hashrate stagnation/drop. Power being more competitive due to AI needs. Future security budget concerns. My worry isn't that these risks exist, there will always be risks w anything. My worry is that the MAJORITY of Bitcoiners don't know or care about these risks. That's the fact pattern I worry, and until we see some change there, I have paused my DCA. I even sold a few BTC when Saylor sold earlier this week... first time I have sold BTC in over 7 years.

ubermensch1001

I don't really give a damn about that, man, lol. My first BTC buy was in the summer of 2018, so I've been around for a while haha.

MansSearchForMeming

We've reached the stage where everyone knows about and has access to BTC. If people don't have a good reason to buy it the price is going to stagnate. We need a catalyst like real adoption by nations or more adoption by S&P500 companies.

ATLienZ777

My guy we didn’t have an alt season last season, stocks are basically trading memes now a days with easier access than crypto adoption was the biggest movement and as a person who’s been around since 2017 that hasn’t came yet and that’s why BTC is the only one carrying the weight.

little_maggie

I got out of BTC. I just want to say it seems like it's a ponzi scheme for computer geeks. What is it backed by really? No offense to computer geeks I am one myself. If I'd gotten into crypto when I first wanted to, I might even believe in it now. But I got in really late and never really made much money for myself - just bought someone else's crypto they made out of math equations a computer did for them? Ehhh --

Straight-Theory-21

Blockchain is a foundation and Crypto is definitely the future and lately I see how it apply to the Ai space with the decentralised Ai network - so like BTC best be first. I see the project [https://synapsai.live/](https://synapsai.live/) so anyone have opinion ?

leggymiku

Please point to the regulation that requires him to sell BTC to “prove it has value,” and explain why this same “regulation” doesnt apply to hedge funds and the equities they hold?

Low_Carpet9764

Literally nothing wrong with BTC, the actors around it are what suck right now

ubermensch1001

It was a joke, man, lol. I've been holding/stack BTC for a long time now but I still throw in when the opportunity presents itself. I bought aggressively in February and March when we were in the 60k range, accumulated in April and May but made a larger purchase today with this dip at under 63k.

brkinard

If you listen to him then you should sell all your BTC and leave the space like he did a few years ago. He just here to sell a paid service at this point to his gimmick indicators.

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ubermensch1001

Exactly, man. If you tune out the irrelevant short term price action, it's kind of obvious where this is going. Instead, when these idiots see a crash they panic and then start calling for ridiculous targets like a 30k BTC, etc.

GabeDef

If Saylor can crash the market selling 32 BTC, then when he buys more after the crash he caused, then sell and buy again, you’ll understand why MSTR having so many BTC is a bad idea for the whole concept of Crypto. 

MelangeBot

Thanks for the great advice OP. I will sell and come back in 4 years after MSTR has sold their 800K BTC to then buy back much more Bitcoins. That's an amazing idea. I might end up with 10x more BTC then I have today.

EstimateIll4262

My question is why is it dumping? S&P at ATH. BTC seemed to be following markets for past few years. Now it does the complete opposite?

MelangeBot

well he has no choice, he had loans to pay of and divident payments on their prefered shares. Usually the money to pay the dividents comes from selling more shares but when the price of Bitcoin goes down the price of MSTR goes down ever harder so nobody wants to buy the prefered shares till they raise the interest rates. Ofcourse to get the money for the higher interest rates they need to sell even more prefered shares which people don't want to buy because the price is going down so quick now, so then they are forced to sell Bitcoin. When they sell Bitcoins the price of MSTR goes down, which makes it harded for them to issue and sell new shares. To solve this they increase the interest rates on the prefered shares but that also means to pay these higher interest rates they need to sell more Bitcoin which lowers the price of MSTR shares ... etc etc It's the same mechanism that pumped the price of BTC and MSTR but in the other direction. It works very well in both ways.

MelangeBot

They offer prefered shares that pay ove 10% in dividents. The money to pay these dividents comes from issueing more prefered shares, and the cash they have on hand. They get cash on hand by offering more shares and by selling Bitcoin. To get people to buy the new shares they offer, they promise a 10% divident. To pay for this divident they have to sell more Bitcoin and more shares. But when they sell shares they are obligated to pay a 10% montly divident. To get the money for this they need to offer more shares and sell more Bitcoin. Since everybody knows this, everybody will reason that in the end they will be forced to sell all their BTC to pay the dividents. And since they have 800 000 BTC to sell everybody reasons that it would be smart to wait before buying more BTC till they have sold them all. So people stop buying. When people stop buying the price of Bitcoin starts going down. Then MSTR runs out of their cash so they offer more shares. But because the Bitcoin price is now going down, since they changed the psychology of the market by selling, now people are not that interested in buying their new shares. To make people interested they offer higher interest rates. 15% instead of 10%. To get the money to pay the interest they sell more Bitcoin. Since people are waiting till they are donne selling there aren't as many buyers as before so the price goes down quickly. Because the price of Bitcoin goes down the price of MSTR goes down. People don't want to touch their shares anymore! To get the money to pay their loans and divident payments they offer more shares and sell more Bitcoin. Why are people surprised the same mechanism that pumps the price of MSTR and Bitcoin as an infinite money making machine works JUST AS WELL in the other direction? The infinite money making machine is powered by the infinite money losing machine in the future. Duh. So get out now or suffer. Your call. And yes retard, I know that if everybody listens to this advice the price of BTC craters. But that's the fool's game you have been playing, know you have been playing so shut the fuck up complaining about it. Sell, short and be happy. Come back in 5 years to buy again or so.

Separate_Tangelo2495

look at btc in weekly logarithmic scale, it's reaching the channel's roof, not only that but now quantum computing is advancing as fast as AI, seems btc is deprecated, and all of cripto for that matter, even if quantum resistant tokens are created they would be nothing like BTC, totally decentralized with an uknown creator. What angers me is all of the AI investing, HOW is the marked going to move if all of retail of the entire planet is gonna be slaving for food? who is gonna buy your shit when we are all jobless but the most elite of mathematicians?!

ubermensch1001

The conditions around QT/QE and the timing of those are eerily similar to 2019/early 2020. QT ended in September 2019, December in 2025. 6 months after both we get the COVID crash and now this, I'm not saying that's the specific timing but the conditions are similar. Alts are absolutely demolished compared to BTC, just like we saw in 2020. I don't try to predict shorter term moves, but the potential to the upside is substantially greater than the potential to the downside from here. I've mostly been buying BTC this year, but I also made a large purchase on ADA. Either way, I'm looking forward to being able to continue to stack at steep discounts while the opportunity is presenting itself. Could it drop more, sure, but I'd rather make some moves than sit around holding off on buying until it hits a certain price point, which may possibly not even come to fruition.

Local_Math_5512

Your whole argument hinges on STRC dropping. MSTR has a U.S cash reserve of $900 Million yielding $360K annually through treasuries. If BTC drops to 30K and STRC drops to $80 then MSTR could sell another 32 BTC at 30K for another $920K and use that $920K USD to buy back 11,500 shares of STRC at $80 thus reducing annual dividend liability by $1.15 Million each time they do this. You're bad at math guy which is why you've brought none of it. Again. Why are you obsessed with me? Are you trying to give me head?

Known_Experience_794

Hers a micro strategy… 1) Get so big everyone pays attention to what you do 2) Sell 32BTC at ~70k and cause a bunch of panic selling 3) Buy 45BTC when the price hits the floor after completing step two 4) wait for price to recover 5) Sit back and laugh at how easy that was.

Wildwildworld123

very good! The last Hour has been the best time to grab some as long as you stay strong and hold that shit at least 18 months. Im not waiting for a possible 45k bottom. When BTC is 50% down from its all time high ill always be buying.

LornaQin

BTC nuked 17% in 3 days. Gents, ladies — welcome back to April 2024. 55K next?

Some_Bluejay4540

AI has use and application and I don’t even fully understand it. BTC for 16 years now and you still can’t go to a gas station and buy gas with it. Why buy something you can’t use and if it’s to protect against inflation then why would the coin inflate in price? Stocks go up because inflation boost their sales which trickle down to profit.

Awkward_Ant7194

I just got another 2k worth of BTC. Got my DCA down by a few thousand bucks already. Trying to get my overall cost basis down into the 70k range if possible.

Some_Bluejay4540

No one can buy anything with BTC. Companies are bailing on mining it and switching to AI scaling. If inflation makes a lawn mower go from $100 to $200 when it’s sold that makes the selling companies book higher sales. Buying stocks is and always has been a better hedge against inflation. JMO

Wildwildworld123

in my opinion, if you have any extra funds you can spend today on BTC you should buy more. Thats is as long as youre certain youre holding 18 months. Im not on the 45k October 4 year cycle bandwagon. When BTC drops more than 50% off its all time high its time to buy baby!

Nancyblouse

BTC is more like a submarine that intermittently pokes above water

Wildwildworld123

Bro, stop waiting, Sure it may hit 50K in October. nobody knows for sure. We are down like 15% in 2 days or maybe even more. Today is your day kid. I loaded up .05 yesterday and only had funds for .012 today. BTC under 65k is a steal if youre willing to hold for 18 months

JustColossus

Nobody can time this for certain obviously, but I’d definitely give BTC more time to correct before thinking about buying back in..

Wildwildworld123

normally I agree with this, but today at 10:15pm eastern standard time in the united states is probably the best day and time to start buying BTC

DecafDonLegacy

This whole Iran trying to switch over to BTC, and USA getting involved seizing wallets. Iran is now trying to offload as much Bitcoin as possible. Tied with all the other BS, like people seeing Strategy taking huge hits.

Domestic_AAA_Battery

It'll be fine. In 7 years we'll be far removed from the stuff going on today. I've said anyone getting into BTC should look at it in two lenses: Only spend/buy what you're comfortable losing Look at it in 5-10 year gaps I put a decent amount in knowing I could see $16k at some point. I honestly believe we will eventually see $200k as well. This goes up and down. Over and over and over. Things have looked worse in the past, and last year we saw $123k or so lol. It'll be fine. And if not, then it shouldn't be too bad for those that followed Rule 1.

NewChallengers_

BTC ABSOLUTELY CRASHES (...6%) 😂 this guy dont crypto

AlberGro

The end of what? BTC? The only thing that can end BTC is quantum or Saylor dumping 850k btc at once. Imagine he rages quit. Imagine he tweets “Actually this is utter shit, goodbye”.

Minimum-Wish2178

I don’t why people are not talking about this more . BTC and all other currencies have become so centralized now .Crypto has lost the whole point it for what it was created for. If the us government can just seize your crypto what makes decentralized or any better than fiat currencies.

CaptainRelevant

I’d convert 90% of it back to BTC and just wait for the next bull run, and I’m an alt guy. It could take a few years for the next run but you will get your money back. People who bought BTC at the (then) all time highs of the 2014, 2017, or 2021 and subsequently lost 60-90% of its value would have been back in the green if they held until the next bull run.

SShiney

What is a BTC Cycle for $500 Alex?

ubermensch1001

I've made the case that 2024 through 2025 was a giant protracted version of 2019 due to monetary policy, QE/QT, etc. We saw QT end in December of 2025 with alts having done nothing for years. In 2019 we saw this in September of that year. 6 months post end of QT we saw the COVID crash of March 2020 and now we are seeing something eerily similar. Basically, late 2023 through the ATH of last fall was entirely BTC driven and alts more or less just tagged along. The high we had summer of 2019 was the same. I think much of what is going on now is related to the Iran war and oil. IF that were to end or be settled in some manner in the near term, that could very well mark the bottom. I've also speculated that the tariff refund checks they talked about could be distributed this year as well, late last year I saw something about the idea of that being in late Q2 or Q3 of 2026, interestingly enough. There is a huge incentive for Trump and the republicans to get this conflict settled because of the midterms coming up in 5 months. IF they can, I could seem them giving out the tariff refunds as a stimulus check of sorts. This, in combination of oil/gas prices tanking would be hugely beneficial for them and the economy as a whole. It's obvious that they would want to run the economy hot instead of shutting it down by raising interest rates, etc. The biggest variable is the war NOT ending anytime soon, and there is a very distinct possibility of this. Either way, we don't have any control over this and only can accumulate when the opportunity presents itself. Me personally, I'm steadily buying BTC up here, anything under 80k is decent and the 60k range I'm very interested, I bought it up aggressively in February and March. These people debating if the low is in are just perma bears too scared to make a move that will ultimately buy back in out of FOMO when the market rips.

Local_Math_5512

If BTC drops that low than MSTR reaches 5% ownership of all BTC sooner, stabilizing the price, and creating an even stronger bull case.

LornaQin

Hope so. The moment BTC dips below 63K, everyone starts screaming “see you at 40K.” I’m exhausted. Every day feels like waking up to another round of bad news — exploits, dumps, chaos. Crypto is brutally cold.

randomnegativity

BTC is dead..again... Sell yours now...to me...for cheap

Bluejumprabbit

Now the market knows BTC on the balance sheet can be tapped when the structure needs it.

Shoddy_Piccolo1745

the AI crash scenario is interesting but i think BTC at 30k would get bought up so fast by institutions now

Affectionate-Bid386

Probably because in this illustration the USA dollar is sinking like the Titanic and your BTC held via MSTR is your "real asset", your lifeboat.

Panda_955

At least BTC is consistent hahaha

Thankyouclouds

Saylor buys many many millions in BTC, we stay flat. Saylor sells 2M BTC, we crash out. Make it make sense 😫

Optimal_Photo_6793

Posts like these are indicators for the OG's. We'll slide further south, further cementing the idea that BTC is dead and crypto is a scam in everyones minds. When the pain has faded and everyone has accepted crypto is dead and moved on, the markets will pump. It's happens every, single, time.

JSRelax

This is a lot like all the other btc bear markets in terms of sentiment, panic, psychology, and price action. This bear market is even predictably “right on time” if you believe in the 4 year cycle. Why are there so many people that are clutching their pearls when a bear market comes a long? Oil prices are high and going up. High oil prices lead to a “risk off” environment in markets in general. BTC does not historically do well in a risk off environment.

Ill-Sea291

Nah, Saylor don't have money to do the buying this time. He was the main reason keeping BTC high.

LostCause293

It would be pretty funny to see BTC in the 50’s again

rach2bach

Lmfao, never say never. I'm bullish af on BTC, but it's delusional to say "it'll never go to x, y, z" price because it usually can and will.

SellaPipeYO

I’m selling… all my USD for BTC.

Axe_Raider

sell BTC to buy BTC

Totallynotfakenews

Unfortunately BTC is probably just the canary in the mine for risk on investments. Kind of an everything bubble right now.

Waste-War8809

Eh... I would think more like $50k, potentially less. If the Ai stock market pulls back hard, BTC will follow. People said we wouldn't break below $65k but here we are.

Waste-War8809

How would you mine BTC with a laptop?

JohnnyStrides

Gotta sit on it for 30 days (at least in Canada) before you can do that and still claim the loss. I guess you could get fancy and buy an ETF holding BTC. But would suck to sell and watch it go up lol

DrAhzek

I see some people here struggle to see something called „Opportunity Cost”. In short - BTC is struggling to regain momentum and is as of now simply average as an investment, even mid-term. If you lose let’s say 20%, you can regain that in 6 months on semiconductors or some other hot stuff. That’s what goes in people’s mind - not wanting to freeze the assets if we can make them work consistently.

evilemprzurg

Man BTC was doing just fine until rich people got involved.

Waste-War8809

Be greedy when others are fearful... and fearful when others are greedy. Accumulate when we reach $60k... $50k... and maybe even lower. If we have an Ai stock market crash I can see BTC going down to $30k... People will say its ending and never coming back. And then out of the ashes, it will return and go back to new all time highs (maybe $200k? more?)

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Post is by: Bcom_Mod and the url/text [ ](https://goo.gl/GP6ppk)is: /r/bitcoin_com/comments/1tw8e2w/bitcoin_just_broke_a_trendline_that_has_held/ $1.35 billion in liquidations. 165 dormant wallets from 2011-2017 woke up last month and sold. The trendline that analysts have been watching for months finally gave way this week and it's worth being honest about what that means rather than either catastrophising or dismissing it. [BTC fell from just over $71,500 on June 1 to an intraday low of $65,362 on June 3. That's a 10% drop in under 72 hours.](https://news.bitcoin.com/bitcoin-sinks-to-66346-as-1-35b-in-long-liquidations-accelerate-market-selloff/) The June 2 session alone saw $1.35 billion in liquidations, the largest single-day liquidation event of 2026. Long positions accounted for $767 million of that. Total crypto market cap dropped below $2.5 trillion for the first time since mid-April. The trendline that broke is the ascending log support that connects Bitcoin's major lows going back to 2012. It held through the 2018 bear market, through the 2020 COVID crash, through the 2022 FTX collapse. Every time BTC has broken below it historically it has entered a prolonged bear phase and every time it has recovered it has gone on to new highs. The last break below it was June 2022 when BTC was around $20K. The recovery from that took about eight months. The context around the break matters. Strategy's 32 BTC sale broke a four-year HODL streak and spooked the market more than the size of the sale warranted. ETFs have bled $2.43 billion in May alone, the worst monthly outflow of 2026. And on-chain data is flashing signals that have historically appeared near cycle lows, not at the start of them. CryptoQuant's MorenoDV specifically noted that his bottom indicator is approaching the zone that has marked every major BTC floor for over a decade, but isn't there yet. The other data point worth knowing: 165 previously dormant wallets moved 5,073 BTC in May. A wallet last active in August 2010 woke up and moved 20 BTC on May 31. A 2014 wallet moved 109 BTC on June 1. These are people who have been sitting on coins for 10-15 years finally taking profit. That's not manipulation or institutional rebalancing. That's the original believers cashing out into what they presumably think is a good enough price. Which is simultaneously a vote of confidence in Bitcoin's value journey and a source of real supply pressure. K33 Research is projecting lower volume and downward price drift through August. Canary Capital expects a 50-55% total peak-to-trough decline, which with BTC already down about 48% from $126K puts the low somewhere in the $60-65K range. Benjamin Cowen had October as his base case for the cycle bottom. None of that is guaranteed. But the trendline break is real and the historical context around it is not encouraging for the short term. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

FitCompetition1804

BTC doing BTC things. Thats what’s going on.

Pale_Drink4455

People are selling probably at a loss and going to AI stocks. It’s all the rage and BTC was so yesterday’s news.

CODE_HEIST

That divergence is exactly why I would avoid treating "risk-on" as one clean bucket. BTC can trade like liquidity beta one month and like a crowded unwind the next. If equities are making highs while BTC cannot reclaim key levels, the setup has to prove itself on its own chart. For me, 65k-66k is less about predicting the bottom and more about seeing whether buyers can defend structure after losing 70k. If they cannot, the macro narrative does not matter much.

ballistic762

Spot on. A big issue is that for people using it legally, you need a fiat-off-ramp. That usually entails fees, capital gain taxes etc. pure BTC->BTC transactions just never took off at scale, even with lightning. It’s really a shame

shadowlid

Don't listen to this ass hat sell everything!!!!!!! That way it goes lower and I can get to a full BTC quicker!!!!

Oakenkai

Except they have about a year's worth of dividend in cash reserves so they don't have to sell or ATM anything for awhile. They didn't sell 32 btc because they had to, they sold it because the S&P committee gave them a checklist of what they need to see to consider MSTR into S&P 500 inclusion. One of those was to rely less on debt, which is why they bought back some of their convertible debt last month. The other was that they needed to see the 850,000 bitcoin as a productive asset. The whole "never sell" thing hurts them in the S&P committee's eyes because then the 850,000 bitcoin is effectively dead weight that can't be considered a part of their balance sheet. They sold some to prove that their model is flexible and they can sell bitcoin when needed. He said in an interview the plan is to sell bitcoin during bull runs to capture capital gains and add to their cash reserves. Everyone seems to think Strategy sold 32 BTC because they had to and were strapped for cash, but that's not why. It was a signal to show that the BTC on their balance sheet can be used productively when needed. Worst case scenario, a year from now bitcoin is still in a bear, they run out of cash and have to sell bitcoin to pay dividends, but let's say they sell 32 btc a month to cover dividends for a year in 2027-2028. That's only 396 bitcoin sold for the entire year. Far from cannabilizing their balance sheet. This also prove they can always pay the STRC dividends, so likely will continue to attract capital into STRC when people see how reliable their obligations are. You might think, but if they grow STRC then they have to pay even more dividends and sell even more bitcoin, well, the more shares of STRC that is bought, the more bitcoin they can accumulate through ATM. They will ATM STRC throughout that year and will be accumulating more bitcoin then they are selling. If bitcoin continues to be in a bear for years then sure, things could get rocky and is uncertain, no one said bitcoin was without risk and MSTR is a bet on bitcoin. So if bitcoin fails, then yeah Strategy deserves to fail, but this is r/bitcoin and I doubt many of us here really believe bitcoin will never be in bull again. With all the major banks and institutions releasing bitcoin products, why would bitcoin fail when Tradfi is now steering the ship?

SkewerSk8r

I just wish that I could have extra fiat to buy BTC... 😕

LayWhere

Wrong how? Nobody said "BTC" these are your words but you want others to own them.

Days_End

How would having <$10k BTC help you in that case? You know if QQQ drops 50% again BTC is going under $10k. If that's your fear risk you might as well buy gold.

JustStopppingBye

Is BTC partnered with DTCC too?

ubermensch1001

He's basically saying that there are people chasing gains with the AI IPOs while ignoring crypto. These people will get some sort of gains and along with liquidity from other places it will find it's way back to crypto, causing the market to rip. It's not rocket science, man, but the whole point is that the crypto market has been a ghost town for a while now and people are getting an opportunity here to accumulate at very steep discounts. The potential to the upside is enormous across the board, but there is no reason to even chase speculative nonsense. ETH was at almost 5k less than a year ago, ADA was trading at 70 cents last fall AFTER the 10/10 crash and SOL was at almost $250 last September. These prices currently are giving insane potential for easy swing trades for profit. BTC, which is my dominant focus for long term holding, is trading in a very strong support zone right now. Time to buy

ubermensch1001

It was honestly the ultimate crypto trade. To be able to have bought the lows there and literally just over a year later to have seen insane gains as we peaked in the spring of 2021. You literally could have put sticky notes of various alts on a wall, put a blind fold on and thrown a dart and whatever it landed was your pick and within a year you would have made crazy profits lol. I remember back then 10x my LTC and Bcash lol, which I sold years. ETH was insane but I later converted that to BTC and BTC is the only thing I'm still holding from back then haha. Crazy times.

Tai9ch

BTC is bad at that now, ever since the devs started ignoring the whitepaper.

_DaBau5_

no. did you read the article ? - the Treasury Department is proceeding with a "deliberate speed" as far as a strategic Bitcoin (BTC) reserve is concerned - even urged the Treasury to develop "budget-neutral" strategies to acquire more BTC

SkewerSk8r

Guys BTC is dead... for the millionth time /s

ubermensch1001

Being exit liquidity is when you are buying the tops/euphoria, not lows. Would you rather accumulate ETH here at under $1900 or BTC at 64k or just sit completely on the sidelines hoping it for further downside that may or may NOT even happen? In 2020, did it really matter if you bought BTC at 10k vs. 7k when within a year it was going to be blow past 50k? Could BTC tank to below 60k or ETH drop back down to say $1400, sure, but there's a possibility this does not happen and there is strong potential to the upside it won't matter anyway. You will never perfectly time the top or the bottom.

Low_Carpet9764

Keep 25% of them in off chance they do rocket up (you will at least get close to breaking even) and rotate rest to BTC/Eth. I had very similar fuckup late 2024 via altcoin gambling then converted pretty much all of it to Eth at 2200 and dumped that near ATH so made most of it back. You have already lost money and if I’m giving you my personal opinion those coins are dogshit, rotate all of it to BTC/Eth maybe SOL/XLM/XRP/Hedera or an Alt that’ll actually do something if you insist on being in alts. You fell for the altseason narrative (I did aswell) and picked trash, just adjust and move on

egoldbarzzz

That’s a bad stance. There’s plenty of stocks with a much higher probability of return and a better outlook in the near term. I’ve strategically reallocated away from Bitcoin, still selling at a net gain, while allocating those funds elsewhere and I’ve done so much better than just holding BTC.

CyanTurquoise

Scam coins are not BTC though. You mean pump and dumps and other cryptos, not BTC.

Dmarine999

$1M? Not without mass adoption. That may or may not ever happen if it hasn't happened by now. The use-case for BTC is stellar, but only if masses wake up and start stacking. If not, it will range up and down in perpetuity.

pieceofgodsfrey

For me it is "Is the USD denominated price >35% down and is the 24 hour F&G <15" = sell both kidneys to buy BTC

Zanthious

I bought hot soss for BTC the guy I paid just mags me it's value every year. Most expensive hotsoss I ever bought lol

HSuke

Duh, cuz he's not a good captain in SpartanKing's analogy. It's his analogy. You don't get to arbitrarily decide what it represents. The obvious choice is MS, not BTC.

devCheckingIn

Nahh. Too many algos tie Doge to BTC. Unless Elon comes in and buys a trillion's worth, not gonna happen.

SimpleAromatic2128

BTC is **never** going to sink.

HSuke

The ship is Microstrategy, not BTC.

Rare_Audience5832

AI buys all BTC and everyone cries.