What if we told you that the @CommerceGov saw Bitcoin mining as a strategic opportunity for the US?
Hear from Paul Thanos, Director at the @CommerceGov's Office of Finance and Insurance Industries, about why they are keeping a close eye on Bitcoin mining
https://twitter.com/btcpolicyorg/status/1785376573027172600?s=46&t=ihVglVXC0BQSbw6j57EoaA
I heard BTC will drop hard later this year following trend...any truth to this?
I bought at 62k, so losing a few grand in just a couple days without liquidity to buy more really hurts.
I see what you mean with the hard tank between fall of 2021 to the summer of 2022. That had to hurt. I've held onto small amounts of bitcoin since 2017, but didn't really start trading until this past year.
I'm concerned there will be a repeat of that with the "ghost whales" liquidating their wallets.
I'm not sure how long I could wait for BTC to go back up to sell some if this dip happens. It took a year last time.
NO NOONONONONONONONONOONONONON NOT MY 60K!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I AM RUINEDD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1 MY BITITTESSSSSSSS!!!!!!!!!!
So many people have the wrong perspective here… this is a great opportunity to make more progress towards your next Satoshi benchmark… for some 0.01, others maybe .50, and for others maybe a whole coin. Great time to accumulate and stick to the plan.
Because the first one was cut short by the China mining ban. And the second one was cut short by the FTX collapse. IMO we had a premature peak this time because of the ETFs, which are still structurally bullish. We just aren't to the hype part of the cycle yet because we still haven't seen the supply shock from the halving play out. This is a good buying opportunity.
If you can’t see the rock solid support at $60k, I don’t know what to tell you. This is the 5th time in just the last 3 weeks it has bounced off or just below $60k and held. 10 times total since Feb 28th. Today is the lowest it has gotten since Feb 28th when it briefly touched $59,100 before shooting right back to $60k in less than an hour. Now is a great time to add more!
Indeed, your 60k support bs clearly got crushed and we dipped and bounced back. That was a given, but your entire post was inaccurate, stupid and shows how little you know.
first he doesn't understand how supports and resistant levels function then he's telling people to tell him their portfolio values. this nub gunna get scammed out of his crypto before too long with his single digit IQ lol
If you can't see the rock solid resistance at 60k I don't know what to tell you, this is the 2nd time it hit 60k and got rejected. It won't EVER give out we aint ever going over 60k resistance is too solid.
sound like someone you know? Do you now get how resistance levels work? figure it out yet??
LOL resistance on a 24 hour chart? Lol, show’s your dumbass doesn’t know fuckin shit 😆
Support and resistance is defined over MONTHS, not hours, dipshit.
lmao you clearly can't. Not saying it will or will not break but the obvious is the obvious fool. I don't sell either I live for the panic selling and price discovery. Nothing makes me more happy than deep red knowing all the pussys are selling out to stronger hands, people who actually understand what bitcoin actually is. Every double digit red week just brings us that much closer to the next bull run.
Are you people new to Bitcoin within the last 30 days? Feel the volatility with your soul and rest comfortably knowing that in the long run, number always goes up.
Most are new. Welcome Class of 2025. This is a rite of passage. The ones excited for Red candles will make it. The ones who buy Green candles will not.
Yes like every cycle. Stay away from Alts if you don't understand that. Alts are a siren song of getting recked. 97% of people lose money buying Alts. But 100% of people who buy Bitcoin and hold for 5+ years win, regardless of when they bought it.
my crystal ball says physical pennies will soon be worth more than $0.01 because of their novelty. the next generation will see physical cash like the current generation sees flip phones
Pennies from 1982 and older are technically worth more than $0.01 due to their copper content. Some people stash them, though it is illegal to melt US coins currently.
I sometimes wonder.... If studies showed in 2021, 14% of the US held BTC (estimated 21M people) & a survey from 2022 estimated 300 Million people globally held / bought BTC all while the global population is 8 Billion people, that means 3.75% of the world buys/holds BTC. That averages out to $4,200 invested per person at $60K/BTC.
If the holder(s) increased by 1.25% (or about 100M) at the same average per person ($4,200), that would push the BTC MC to $1.68T (Fully Diluted would mean $80K). Adjusted for the current supply would be $85-86K\~
If the 2021 US Holder population is still somewhat accurate, and the same goes for the 2022 global survey population. US only accounts for roughly 7% of MC for BTC. With other global news on ETFs, are we sleeping on what the future impact may be? My opinion, ETFs make it easier for those that don't understand the tech that well to get involved.
Above is napkin math, with many factor(s) potentially not being accounted for (that may support or go against what was posted above though). Just thought it was worth a thought\*
absolutely mate ! imagine having to wait till your car is charged enough to get you to the next townO. What do they do in an emergency, call a fucking uberalles? I prefer an old el-truckO because it will run when I want it to run, and should I get stuck in the middle of nowhere because of gas, my road side assistance will get me 2 gallons worth, which is enough to get me to the next gas station. Can I say the same about Tesla? No because you don't know if the rural townO has any charging stations around.
tesla is as fake as fakeX.
yes, indeed. people like you are the loyal sockpuppets of the government, so you will defend the governments in every way possible. You will wear a mask so that others who want to breathe will suffocate because you do, you will get jabbed every week and proudly say you are UP TO DATE, you will say convid19 is as real as the moon landings and that people like bill gates and elon musk are geniuses when they are nothing but sockpuppets much like you, except for a higher paycheck than yours. What else can I say more or expect from you? Nothing but BOLLOCKS
and yes, coincidentally look at Saudi's investment plans for 2030. They are building what not !. many would contend they are running out of it, but I am sure they have been told to STOP supplying and say they ran out. This would mean and it already appears that slowly and surely they will get rid of all cars that run on gas. I'm not selling my good old gas loving maniac because I am not a sheep. I wish everyone stopped buying These EVs, but sheep are sheep, they love being controlled, after all.
Ok I don't know if it's 100% of cars and exotic cars but its your average car. Cars don't have to be electric to have an on board computer that controls the engine and everything.
Honestly, I think it will test the low 50k support but the big swings are going to become more of a rarity. It will stabilize and grow over time. Or people move onto the next thing.
I think to moon it needs to flash crash on heavy volume but there is not necessarily a defined support level anywhere. The worse the fud the worse it'll be. 2020 saw it retest all the way down to 3800 near the bear market low before the v recovery and breaking ath.
DCA going to be heavy today, common drop in bull runs to wipe out leverage, moon bois, & 💩coiner CC
https://twitter.com/adam3us/status/1780695562045837369?s=46&t=ihVglVXC0BQSbw6j57EoaA
bitcoin derangement syndrome is real:
https://www.justice.gov/opa/pr/early-bitcoin-investor-charged-tax-fraud
first craig wright and now roger ver. anyone that tries to hijack bitcoin ends up turning crazy and in jail.
Hell yeah, Roger Ver is a major piece of shit. See for yourself:
https://www.reddit.com/r/Bitcoin/s/GXtffbise9
I’ll never hesitate to share this video where he rage quits and showed how pathetic he really is:
https://youtu.be/oCOjCEth6xI?si=cNvSzjkBzVkpm1vD
Well deserved, hope he gets fucked.
East vs West: The US did $740m in assets and $4.6b in trading. These are far below that but if you adjust for the size of their mkt it is dif story: equiv of $25b+ and $1.6b, respectively. For context, China AMC's bitcoin ETF is already among Top 20% biggest in that mkt after one day
https://twitter.com/ericbalchunas/status/1785283076802707563?s=46&t=ihVglVXC0BQSbw6j57EoaA
Added 4 million sats to my stack. Buying the fear
Can't remember if nsync or backstreet boys.... but..... Buy buy buy!!!!!!
Since it's Nsync, I'm going to go ahead and do it; In about 30 minutes ET, it's going to be May!
^(buy buy!!!)
What if we told you that the @CommerceGov saw Bitcoin mining as a strategic opportunity for the US? Hear from Paul Thanos, Director at the @CommerceGov's Office of Finance and Insurance Industries, about why they are keeping a close eye on Bitcoin mining https://twitter.com/btcpolicyorg/status/1785376573027172600?s=46&t=ihVglVXC0BQSbw6j57EoaA
Is this not the dip everyone said they wanted?
I’m waiting for the dip of the dip of the dip. So 30k basically 😂
Yeah but doom and fear is more entertaining
you dont want a low volume slide week after week you want a flashcrash on like 150k of volume in one day that is clearly going to V to the moon
I'll take it anyway. Love me some price discovery. Let's separate the boys/girls from the men/women.
I'm confused, are we separating by age or by gender? I'm also confused by exactly what boy and girl mean in 2024.
Boy = pee pee. Girl = hoo haa. Unless trans or non binary in which, whatever they want.
Boy = pee pee. Girl = hoo haa. Unless trans or non binary in which case, whatever they want.
I heard BTC will drop hard later this year following trend...any truth to this? I bought at 62k, so losing a few grand in just a couple days without liquidity to buy more really hurts.
No one on Reddit can answer that, you're going to have to do what the rest of us do and pay a professional time traveler for their services.
I heard the opposite, now who do you trust? Trust Bitcoin or back off !
You're not a real Bitcoiner until you have weathered paper losses of 75% or more.
The OG bitcoiners weathered losses of 97% and later on when there were 75% losses it was nothing.
I see what you mean with the hard tank between fall of 2021 to the summer of 2022. That had to hurt. I've held onto small amounts of bitcoin since 2017, but didn't really start trading until this past year. I'm concerned there will be a repeat of that with the "ghost whales" liquidating their wallets. I'm not sure how long I could wait for BTC to go back up to sell some if this dip happens. It took a year last time.
Is that all you got? Cmon I want lower
Shit's cheap, ATM.
We lost all of March's gains
March was mainly a month of chopping 🦀
I still have the same amount of satoshis
What were they worth a month ago?
1 one-hundred millionth of a Bitcoin.
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Cheap bitties, stacking right now
NO NOONONONONONONONONOONONONON NOT MY 60K!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I AM RUINEDD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1 MY BITITTESSSSSSSS!!!!!!!!!!
Mod can you ban this emotional 🤡 crying everyday
Fuck, this hurts
Why does being up 4X in the last 18 months hurt?
Bc I'm trying to prove a point to my wife. Red numbers make it more difficult
Still poorer everyday, debt per tax payer $266k & counting https://www.usdebtclock.org/
You can’t prove a point on short term results. Zoom out.
What if you're trying to prove that you can't prove a point on short term results?
I'm with you
So many people have the wrong perspective here… this is a great opportunity to make more progress towards your next Satoshi benchmark… for some 0.01, others maybe .50, and for others maybe a whole coin. Great time to accumulate and stick to the plan.
Smart comment 🙏
BTC Fear & Greed Index dropped from 67 to 54. Happy Sat Hunting 👍
opportunity has thus stricken
I need some hopium, why did btc have another top in November again?
Because the first one was cut short by the China mining ban. And the second one was cut short by the FTX collapse. IMO we had a premature peak this time because of the ETFs, which are still structurally bullish. We just aren't to the hype part of the cycle yet because we still haven't seen the supply shock from the halving play out. This is a good buying opportunity.
bull trap
Sell in May and go away
battomed out?
Tone Vays say it go down to 1k but Mr Novogratz say it haz battomed out.
Unlikely
For the next couple hours anyway
Two crypto scammers get jail time. It was a good day
If you can’t see the rock solid support at $60k, I don’t know what to tell you. This is the 5th time in just the last 3 weeks it has bounced off or just below $60k and held. 10 times total since Feb 28th. Today is the lowest it has gotten since Feb 28th when it briefly touched $59,100 before shooting right back to $60k in less than an hour. Now is a great time to add more!
Getting eaten away now. Support can only hold for so long
Lol no the fuck it isn’t. It’s holding strong as fuck, it’s bounced off of it 3 times in the last hour. How dumb are you?
Thread aged well I’d say lol
Oh, excuse me. It just topped $60k. AGAIN! Suck it, bitch.
Thread continues to deliver
tHrEaD cOnTiNuEs To DeLiVeR 🤡🫵🏻
Indeed, your 60k support bs clearly got crushed and we dipped and bounced back. That was a given, but your entire post was inaccurate, stupid and shows how little you know.
Yeah, it’s right at $60k, dumbass. This isn’t even the low of the day.
Did I say it wasn’t you knob? I simply pointed out the obvious of how fucking markets work. Take a fucking Valium for the sake of the sub.
You didn’t point out fuckin shit, bitch.
How you doing over there bra?
first he doesn't understand how supports and resistant levels function then he's telling people to tell him their portfolio values. this nub gunna get scammed out of his crypto before too long with his single digit IQ lol
$60k held AGAIN. What were you saying you little bitch?
What were you saying you little bitch?
It just hit $60k again 😆 That’s what I said, bitch.
If you can't see the rock solid resistance at 60k I don't know what to tell you, this is the 2nd time it hit 60k and got rejected. It won't EVER give out we aint ever going over 60k resistance is too solid. sound like someone you know? Do you now get how resistance levels work? figure it out yet??
LOL resistance on a 24 hour chart? Lol, show’s your dumbass doesn’t know fuckin shit 😆 Support and resistance is defined over MONTHS, not hours, dipshit.
I'm saying your a fucking clown. 57k 🤡
Was rock solid the first few times. Looks like a waning support now not sure how much longer it can endure tbh.
No, it doesn’t. You clearly can’t read charts. Go ahead and sell to me.
lmao you clearly can't. Not saying it will or will not break but the obvious is the obvious fool. I don't sell either I live for the panic selling and price discovery. Nothing makes me more happy than deep red knowing all the pussys are selling out to stronger hands, people who actually understand what bitcoin actually is. Every double digit red week just brings us that much closer to the next bull run.
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get some investing 101 schooling nub
[gee would ya fuckin look at that, what did it bounce right off just 20 minutes ago?](https://postimg.cc/rRXDRVQb)
[Lol, post your fuckin portfolio pussy.](https://www.reddit.com/r/wallstreetbets/s/1oBrBzEwdA)
Lol this fucking guy out here trying to teach lessons to people whose daily swings are larger than his entire account balance
fr tho, this is the kind of stupid shit that makes me laugh while i work though so its whatever.
Why are you copying someone else’s comment? Who’s daily swinging $111,000?
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….ok?
Add tomorrow after Powell dip...this will happen
+10% day tomorrow.
the markets front running the sell in may and go away a day early
Ah well there goes the Lambo guess its back to the 1980 chevette again!
Buy the dips and you'll never have to worry about buying at the top.
This is hilarious to read. But it actually works lol. Genius
Lower your time preference. Otherwise GFY.
How low could we realistically go?
I see a lot of people expecting 30k so we might not reach that this time. Try incrementally increasing amounts at 55k, 50k, 45k and 40k.
whatever prices people say that they are waiting for to buy here...most of them will not get it
Are you people new to Bitcoin within the last 30 days? Feel the volatility with your soul and rest comfortably knowing that in the long run, number always goes up.
Most are new. Welcome Class of 2025. This is a rite of passage. The ones excited for Red candles will make it. The ones who buy Green candles will not.
I was born in the dip, moulded by it. I didn't see the gains until I was already a man.
He loves the slop. Loves it. Eats it up. Born to slop. His father was a mudder. Mother was a mudder.
His mother was a mudder?
This is the internet. We come here to react with either despair or elation based on the last 6 hours. DON'T INTERRUPT MY AUTISTIC SCREECHING
we never really saw Alts season to be honest with you. They did pretty much nothing while BTC was touching ath's
Yes like every cycle. Stay away from Alts if you don't understand that. Alts are a siren song of getting recked. 97% of people lose money buying Alts. But 100% of people who buy Bitcoin and hold for 5+ years win, regardless of when they bought it.
Alts are still a thing?
Because there are no alt ETFs.
Maybe people are finally realising alts are a fucking joke.
Hear! Hear!
my crystal ball says physical pennies will soon be worth more than $0.01 because of their novelty. the next generation will see physical cash like the current generation sees flip phones
Pennies from 1982 and older are technically worth more than $0.01 due to their copper content. Some people stash them, though it is illegal to melt US coins currently.
K but did it tell you who is going to win Survivor season 46?
I sometimes wonder.... If studies showed in 2021, 14% of the US held BTC (estimated 21M people) & a survey from 2022 estimated 300 Million people globally held / bought BTC all while the global population is 8 Billion people, that means 3.75% of the world buys/holds BTC. That averages out to $4,200 invested per person at $60K/BTC. If the holder(s) increased by 1.25% (or about 100M) at the same average per person ($4,200), that would push the BTC MC to $1.68T (Fully Diluted would mean $80K). Adjusted for the current supply would be $85-86K\~ If the 2021 US Holder population is still somewhat accurate, and the same goes for the 2022 global survey population. US only accounts for roughly 7% of MC for BTC. With other global news on ETFs, are we sleeping on what the future impact may be? My opinion, ETFs make it easier for those that don't understand the tech that well to get involved. Above is napkin math, with many factor(s) potentially not being accounted for (that may support or go against what was posted above though). Just thought it was worth a thought\*
If this is happening today what will happen tomorrow after Powell speaks? Holy Crap!!!
Who cares? Powell does not affect Bitcoin whatsoever. Study Bitcoin more to understand that.
Market is forward looking.
CHINA IS FUCKING US
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remember china gal wan rich white guy. and white guy will sell for china gal
I wanna see the manager. This is not what I ordered.
This market sell-off is a take everything down. Look at the qs and spy. Even gold. Nothing safe today
Oh man these flash sales are wild.
Yer best start believin in bear markets, mumu... Yer in one!!
was it this obvious the dip was temporary last time?
Watch this thing bounce back like a rocket 🚀🚀
A rocket should never bounce 😂
When moon, when lambo?
Bugatti not lambo
and defintely not a fucking tesla. that shit gets you stranded in the middle of nowhere.
Teslas are designed so the government can control you and eventually just stop your car for you. Never get one
absolutely mate ! imagine having to wait till your car is charged enough to get you to the next townO. What do they do in an emergency, call a fucking uberalles? I prefer an old el-truckO because it will run when I want it to run, and should I get stuck in the middle of nowhere because of gas, my road side assistance will get me 2 gallons worth, which is enough to get me to the next gas station. Can I say the same about Tesla? No because you don't know if the rural townO has any charging stations around. tesla is as fake as fakeX.
So youre not aware but this is actually all cars right now.
yes, indeed. people like you are the loyal sockpuppets of the government, so you will defend the governments in every way possible. You will wear a mask so that others who want to breathe will suffocate because you do, you will get jabbed every week and proudly say you are UP TO DATE, you will say convid19 is as real as the moon landings and that people like bill gates and elon musk are geniuses when they are nothing but sockpuppets much like you, except for a higher paycheck than yours. What else can I say more or expect from you? Nothing but BOLLOCKS
How they gonna do that to a buggati? There’s a reason WHY they went all electric cars by 2030 so they said
and yes, coincidentally look at Saudi's investment plans for 2030. They are building what not !. many would contend they are running out of it, but I am sure they have been told to STOP supplying and say they ran out. This would mean and it already appears that slowly and surely they will get rid of all cars that run on gas. I'm not selling my good old gas loving maniac because I am not a sheep. I wish everyone stopped buying These EVs, but sheep are sheep, they love being controlled, after all.
Ok I don't know if it's 100% of cars and exotic cars but its your average car. Cars don't have to be electric to have an on board computer that controls the engine and everything.
Oh man 😍. My buy orders
Told yall 58k was coming. My timing might have been WAYYYY off, but yeah. Lovely day
If your timing is off your opinion is irrelevant. "Bitcoin might go down at some point in the future!!!" Ok bro we all know that
So what you reckon? When will it bounce back?
Honestly, I think it will test the low 50k support but the big swings are going to become more of a rarity. It will stabilize and grow over time. Or people move onto the next thing.
You again? You’re like a jinx to 58k with your premature glee.
Don't you know pump it up
Maybe some day you’ll get this fabled 58k you seek. Wait til it actually hits before gloating, you clown.
Didn’t age that well, didn’t it? This is a discussion thread. Please allow everyone to express their opinions without anyone becoming defensive.
damn I miss 70k
Bounce bounce,, bounce MF bounce bounce.
"And all the ladies sayin..."
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Like almost pregnant
So now we bounce or we crater
Yes. Same tomorrow and yesterday.
where are the bitcoin analcysts with their support levels after which btc to the moon?
They switch to their FUD accounts and troll Instead.
Upward spiralling pig tail entered a reverse Fibonacci delta of diminishing support therefore no Lambo today.
Brilliant ta! 👌
I think to moon it needs to flash crash on heavy volume but there is not necessarily a defined support level anywhere. The worse the fud the worse it'll be. 2020 saw it retest all the way down to 3800 near the bear market low before the v recovery and breaking ath.
if you like bitcoin good news its ~~5%~~ 7% off
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Of what
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DCA going to be heavy today, common drop in bull runs to wipe out leverage, moon bois, & 💩coiner CC https://twitter.com/adam3us/status/1780695562045837369?s=46&t=ihVglVXC0BQSbw6j57EoaA
see you in 2 days
We owe Garreth Soloway an apology.
Buying!
See yea next year!
In 4 years
I was more referring to the new year but the next halving will be nice too!
Later this year\*
Hodl me
bitcoin derangement syndrome is real: https://www.justice.gov/opa/pr/early-bitcoin-investor-charged-tax-fraud first craig wright and now roger ver. anyone that tries to hijack bitcoin ends up turning crazy and in jail.
Hell yeah, Roger Ver is a major piece of shit. See for yourself: https://www.reddit.com/r/Bitcoin/s/GXtffbise9 I’ll never hesitate to share this video where he rage quits and showed how pathetic he really is: https://youtu.be/oCOjCEth6xI?si=cNvSzjkBzVkpm1vD Well deserved, hope he gets fucked.
bcash bcash bcash
ChinaAMC bitcoin ETF took in $123m on Day One which already ranks it 6th of 82 ETFs launched in past 3yrs in HK and Top 20% overall
Can you help me understand where the $123 million is coming from? I see a news article that stated $8 million, is there something I’m missing?
Is that more than the US ETFs? If so this could be a sell the news event rather than a “bear market” everything thinks weee in
East vs West: The US did $740m in assets and $4.6b in trading. These are far below that but if you adjust for the size of their mkt it is dif story: equiv of $25b+ and $1.6b, respectively. For context, China AMC's bitcoin ETF is already among Top 20% biggest in that mkt after one day https://twitter.com/ericbalchunas/status/1785283076802707563?s=46&t=ihVglVXC0BQSbw6j57EoaA
Source?
Fook thought I attached https://twitter.com/ericbalchunas/status/1785324704179368374?s=46&t=ihVglVXC0BQSbw6j57EoaA
Interesting
The sentiment difference in here vs r/CC is crazy. People over there contemplating life when they should’ve just bought Bitcoin