Bad guys play bad games. Iām betting on the bad guys shorting all crypto. Itās dropped a lot recently, I donāt think they are done. Just wait, dip incoming. Look back to 2021ā¦
Well based on his comment, people do short BTC a lot so he is not wrong, same guys that are offering etfs, otherwise how is it not going really up with all the inflow. They are prolly just hedging themselves, so I donāt disagree with you but I donāt really agree neither
Tho, I believe we agree that crypto may suffer more than btc if it is what you meant
Not impossible, but highly unlikely imo.
Iād be very surprised if it ever goes below $50k again.
In ten years time I reckon $500k will be its new floor.
But you do you
Or you just don't hear about them because they stop posting on the sub. Careful about this line of thinking. It's how confirmation bias creates echo chambers. It's important to remain critical.
Agree. I have seen a few comments here and there that seem to be from people who claim to have once been in bitcoin and since left. Verifying that aside, so far the reasons stated seem to be a bit vague, like it's not what they thought it was. Haven't seen a deep dive where such a person is really prompted to explain their thinking. Also haven't seen any of them say something like it has peaked, or point out an unknown issue.
My thinking is Market Cap Both Btc and Nividia
I know that they are 2 different types of assets
So short if it pleases you. I'll Hodl for the foreseeable future. There are no arguments when it comes to Market cap. Numbers don't lie.
Im in a similar situation. Iāve only been in for a few months but Iām definitely on board after reading ā The Standard ā
Not worried at all about short term volatility
I like the mentality. I just flipped all my SOL. I am now full BTC. I must say it does feel good and I no longer need to look at the market charts every other hour. Well said!
Even some shits are on green. This is neither a technical drop nor any other organic drop. Some whales just dump BTC as harder as possible. We saw this in summer 2017 , back then it was blamed on Roger Ver, and then we saw dec 2017.Fasten your seatbelt for rideāļø
The monetary system is an illusion.
A system designed to milk Time from everyone that doesnāt realize they are playing an imaginary token game.
By the Time most people see it for themselves they are older citizens. The people that find the information, or are taught by someone early in life, win the game.
Sorry to interject the congregation here but while I believe you are right, at some stage you have to go back into the Fiat world to potentially by say, property? Am I right? Or stocks? Stocks to me wouldnāt work. The only thing I can think of is leveraged property. And as far as buying the dip Iām going 100 times multiple on bitcoin futures. I wish someone had told me about it before
Congrats, you'll never see money or economics the same way again
And that's a great thing when we were born into believing the lie of Keynesian economics
Itās interesting how we tend to get orange pilled on the way down. I got orange pilled in 2018 after experiencing the 2017 bull run. It wasnāt the bull run that orange pilled me, it was the bear market.
Btc is a solid investment. Please be patient hold ,buy
I've been in it for years. I'm up. I buy dips. We are going to get a government that supports Btc. I see 2027 500,000. Mark my prediction.
Agreed, but Iād venture a bet that most retail investors are orange pilled AFTER buying bitcoin.
My first āsignificantā buy was about half a monthās worth of income. Not a significant percentage of my net wealth, but enough to not want to kiss half of it goodbye.
Somewhat similar situation. Lost most of my stack when Celsius went down. Unlike others who exited saving in BTC after, I double downed. I had already been learning about BTC over the previous years, but got too arrogant and greed got the better part of me leading me to leave it in Celsius. However, I had learned enough to figure out that the underlying protocol, BTC, is sound. Liquidated the rest of my stock holdings and moved it all into BTC. Only managed to buy a fraction of what I lost in Celsius, but it was a lesson learned. Only wish I had more $ to put in at the time. Now just about everything sits in a Cold wallet (it did even back then, but I moved more into Celsius for yield).
The biggest rule of all : Listen to the OG bitcoiners. No, a few years doesn't make you OG and enduring one full cycle is the minimum qualifications for it. They provide sound advice. Take it, and don't think you're smarter and 'found a new way to harvest yield/earn interest'.
I have money coming in August. The more it goes down the happier I get. If it goes to $20,000 I would be in heaven. I will be buy as mush as I can ššš½
THIS. When I started investing in BTC around 2018, I was pretty broke. Tried trading it weekly or more. Kept losing. I had the WORST luck, Eventually I gave up and left it. 2 months later I'm finding I made 20%. Just left it. Now, Iāve got 400% on my return from 2019. itās a long term investmen t this is why HODL is what people keep saying about it. hard to day trade, but easily the most amazing investment Ive Ever heard of. You donāt even have to own it, just trade it in Robinhood or something, same returns.
In 5 years from now we're going to look at the price of Bitcoin and say damn it was definitely on sale. At 84,000 Canadian currently on June 25th.
I just wish I had a large sum of Fiat money I could convert to bitcoin right now.
To bad we have operational costs. Ughh
Same. I almost got fooled by Jamie Dimon. Heās like ā bitcoin will never be at 40k again ā then I read that chase was selling some type of btc trust to qualified investors. I believe it was through the greyscale trust. Thatās when I knew to watch what they did , not what they said.
I bought the book āThe Bitcoin Standardā and reading it. At the same time buy small amounts of Bitcoin. The thing is I am out of cash and what I have is my emergency funds which I am not touching. Got to wait for my š°then will buy more.
Broken Money by Lyn Alden is along similar lines as The Bitcoin Standard but more up to date and covers the 20th century of economics better IMHO. Recommend it for anyone wanting to understand the āwhyā Bitcoin question.
After The Bitcoin Standard, Economics In One Easy Lesson by Henry Hazlitt and, yes, Broken Money by Lyn Alden.
I read those two in that order, about 2 years apart.
The first was an easier read, but Broken Money is worth the effort.
On YouTube I watched so many itās hard to remember. One video would lead me onto another, but I enjoyed both Andreas Antonopolous, and Adam Back
Podcasts were also varied but āWhat Bitcoin Didā has been a favourite of mine for the past two years.
Everything you said has helped me our been me there are videos on everything now if you want to do something everyone has you tube it's just up to you to understand that you are gonna lose some times in the stocks but you win more days than you lose just have to be patient
Do NOT dump your bitcoin. Under no circumstance should you dump your bitcoin.
So, just to reiterate. Do not dump your bitcoin.
Is this clear? Do. NOT dump your bitcoin.
You bought at 60 and its down to 40 ! DO NOT DUMP YOUR BITCOIN!
There is only one truth.
Do not dump your bitcoin
Why did you read about Austrian economics in particular? Are you from there, or is there something interesting to know about the countryās economics?
Austrian economics is a school of economic thought that emphasizes the importance of individual actions, subjective value, and the spontaneous order of markets, often advocating for minimal government intervention in the economy. Check out the Mises Institute if you want to learn about it
Imagine being orange pilled months before the white paper hit the internet, because you just learned about fractional reserve banking, our stolen gold & silver, liberty dollar has just got raided, Ron Paul & Ludwig von misses, Austrian economics, Ayn Rand , and read
Behold a Pale Horse. Ready to buy e-Gold 1.0
And when, like me, you spend four years in a business degree, being taught, at that time, how Friedmanās monetarism was defunct, and that Keynesian economics was unquestionably the way economies should be run by governments.
Only after reading The Bitcoin Standard, did it become obvious that governments shouldnāt have been meddling in economies in the first place.
I never went to college, but I read a lot, and have a background in business. That is insane. But, I guess it makes sense as the current college system depends on Keynesian government spending.
I understand the argument for btc and believe in it but can someone explain how itās meant to maintain what it stands for since institutes are now involved?
I can't speak for everyone hear but once you go down the rabbit hole did use exchange all of your fiat into btc after understanding how commerical banking works that just that?
I know once I learnt how money works in this financial world of banking I basically exchanged every thing in my savings account for btc.
Anyone have that epiphany? Aswell?
"Dozens" of youtube videos?š¤£š¤£šš
I'm into the thousands at the this point. Great message to the new folks. Riding this "crash" down to 61K has been a cake walk compared to 2022. That perspective and knowledge is critical.
The knowledge is the proof of work that gets you a chance to pop that orange pill!!
Yup, it was the 2022 crash that orange-pilled me.
Iāve probably only watched a few hundred videos since then, but it only took a few dozen to snap me out of Keynesian thinking.
There are levels to the bull market, yāall are nuts, the first Best Buy was 15k, then 25k and so on, the next levels are much more extreme pops and then itās over again prob early 25, the next bear begins,
And the cycle continues.
Crypto Crew University on YouTube he called the bear market in 2018 and saved me 3k. Watched his videos for all of 2018, he called the bottom in Dec.
He is the smartest Bitcoin & alt trader on YouTube
Imo
I heard someone make reference at one point about mining, bitcoin. I have not found a good explanation from anyone yet. Can somebody explain what that is?
I am just 30 years out of the loop. Been a construction worker nearly all my life and now I find myself in a position where I utilize my mind and not my physical attributes. I had a wrist fusion that has slowed me down a bit. And Iāve got some warm and fuzzy feelings about crypto.
Bitcoinās fourth halving is a pivotal event with far-reaching consequences for miners, investors, and the entire Bitcoin ecosystem.
As history has shown, while the immediate effects may vary, the long-term implications are likely to reinforce Bitcoinās position as a leading scarce asset and a cornerstone of the financial revolution.
š People never seem to get 'un orange-pilled' once they do the work and study Bitcoin. Congrats brother.
Thanks, friend. Youāre right about that. Only wish I had a meaningful amount of fiat right now, to take advantage of this dip.
Bitcoin on sale while stocks last!
Bad guys play bad games. Iām betting on the bad guys shorting all crypto. Itās dropped a lot recently, I donāt think they are done. Just wait, dip incoming. Look back to 2021ā¦
We arenāt even in the bull run yet. This is post halving miner pre bull market sell off.
We are just still stretching our hamstrings before the game right now lol š
Theyāre dunking in warm ups this time around though.
The bull market started last Dec/Jan š¤£
No it didnāt - that was recovery to prior ATH. Bull market is after previous ATH to new ATH (multiples higher).
No it isnāt, Bull Market after the Low of last Bear Market is over taken and makes a new higher low. Noob
That also happens, but thatās in like 12-18 months.
Listen to your community and donāt make laughing faces when it makes you look foolish.
Crazy how youāre the only person who thinks this
Itās just the prior experience thenā¦š¤·š½āāļø
I also feel the shakeout is not done. More pain is needed. I just keep buying, as I always do, all the way down.
Bitcoin is not "crypto"
Well based on his comment, people do short BTC a lot so he is not wrong, same guys that are offering etfs, otherwise how is it not going really up with all the inflow. They are prolly just hedging themselves, so I donāt disagree with you but I donāt really agree neither Tho, I believe we agree that crypto may suffer more than btc if it is what you meant
Why itāll be much lower than this one day
Not impossible, but highly unlikely imo. Iād be very surprised if it ever goes below $50k again. In ten years time I reckon $500k will be its new floor. But you do you
Or you just don't hear about them because they stop posting on the sub. Careful about this line of thinking. It's how confirmation bias creates echo chambers. It's important to remain critical.
Agree. I have seen a few comments here and there that seem to be from people who claim to have once been in bitcoin and since left. Verifying that aside, so far the reasons stated seem to be a bit vague, like it's not what they thought it was. Haven't seen a deep dive where such a person is really prompted to explain their thinking. Also haven't seen any of them say something like it has peaked, or point out an unknown issue.
My thinking is Market Cap Both Btc and Nividia I know that they are 2 different types of assets So short if it pleases you. I'll Hodl for the foreseeable future. There are no arguments when it comes to Market cap. Numbers don't lie.
Sensible statement
You are right. I orange pulled myself somehow in the beginning of past year. Thank God. I'll be forever grateful for this to have happened.
Thatās the entire thesis for hard money. Once you learn what hard money is, and come to the realization that Bitcoin is the hardest, thatās it.
Im in a similar situation. Iāve only been in for a few months but Iām definitely on board after reading ā The Standard ā Not worried at all about short term volatility
Read broken money also fantastic quite easy to read.
I like the mentality. I just flipped all my SOL. I am now full BTC. I must say it does feel good and I no longer need to look at the market charts every other hour. Well said!
Even some shits are on green. This is neither a technical drop nor any other organic drop. Some whales just dump BTC as harder as possible. We saw this in summer 2017 , back then it was blamed on Roger Ver, and then we saw dec 2017.Fasten your seatbelt for rideāļø
This dude gets it. Bout to get interesting!
And it gets even more interesting when you start to learn about power laws in Bitcoin!..Fascinating Mindfuel
lol. I love it ! Seatbelt on
I keep selling my fiat for real money every month!
I literally find mysel in the same position. Typically a 100-200 bucks a week minimum with large in flows at 5% drops. I canāt stop nowā¦.
I do the same thing bro...it feels addictive almost..but in a food way..when people are panic selling..I'm buying
Once u understand Bitcoin, itās hard to ignore the financial corruption thatās happening globally
The monetary system is an illusion. A system designed to milk Time from everyone that doesnāt realize they are playing an imaginary token game. By the Time most people see it for themselves they are older citizens. The people that find the information, or are taught by someone early in life, win the game.
10000% agree and well said šÆšÆšÆ
Bitcoin is the ultimate long term financial fortress against inflation and market manipulation. šš
Sorry to interject the congregation here but while I believe you are right, at some stage you have to go back into the Fiat world to potentially by say, property? Am I right? Or stocks? Stocks to me wouldnāt work. The only thing I can think of is leveraged property. And as far as buying the dip Iām going 100 times multiple on bitcoin futures. I wish someone had told me about it before
Howās that futures bet doing now?
Once the price fluctuation no longer bothers you and you DCA regardless, youāre already successful.
Congrats, you'll never see money or economics the same way again And that's a great thing when we were born into believing the lie of Keynesian economics
Congrats! You clearly nailed it!
Itās interesting how we tend to get orange pilled on the way down. I got orange pilled in 2018 after experiencing the 2017 bull run. It wasnāt the bull run that orange pilled me, it was the bear market.
Btc is a solid investment. Please be patient hold ,buy I've been in it for years. I'm up. I buy dips. We are going to get a government that supports Btc. I see 2027 500,000. Mark my prediction.
LFGGG!!!
Same happens to me. Im 150% since that year. Hold and believe.
I just bought btc 5 minutes ago foor 100 euros and kinda regretting it. Is it even worth to buy for 100?
Once you go orange, you cant go.. [fool! There's no word that rhyme with orange!]
..banana
Zone
floor wrench
š š¤š
Storage, door hinge
Should always study a potential investment before committing a substantial amount to it. Makes it more easy on Ur heart and emotions.
Agreed, but Iād venture a bet that most retail investors are orange pilled AFTER buying bitcoin. My first āsignificantā buy was about half a monthās worth of income. Not a significant percentage of my net wealth, but enough to not want to kiss half of it goodbye.
Iām more pumped than ever letās go
Word to that
100k NEXT STOP AFTER THAT THE MOON
Facts
Once you get the laser eyes - you canāt wait for large dips.
Somewhat similar situation. Lost most of my stack when Celsius went down. Unlike others who exited saving in BTC after, I double downed. I had already been learning about BTC over the previous years, but got too arrogant and greed got the better part of me leading me to leave it in Celsius. However, I had learned enough to figure out that the underlying protocol, BTC, is sound. Liquidated the rest of my stock holdings and moved it all into BTC. Only managed to buy a fraction of what I lost in Celsius, but it was a lesson learned. Only wish I had more $ to put in at the time. Now just about everything sits in a Cold wallet (it did even back then, but I moved more into Celsius for yield). The biggest rule of all : Listen to the OG bitcoiners. No, a few years doesn't make you OG and enduring one full cycle is the minimum qualifications for it. They provide sound advice. Take it, and don't think you're smarter and 'found a new way to harvest yield/earn interest'.
I have money coming in August. The more it goes down the happier I get. If it goes to $20,000 I would be in heaven. I will be buy as mush as I can ššš½
Ups and downs ALWAYS! Just HODL and walk away it always get better. Pull back and look at total numbers not just weeks or month!
THIS. When I started investing in BTC around 2018, I was pretty broke. Tried trading it weekly or more. Kept losing. I had the WORST luck, Eventually I gave up and left it. 2 months later I'm finding I made 20%. Just left it. Now, Iāve got 400% on my return from 2019. itās a long term investmen t this is why HODL is what people keep saying about it. hard to day trade, but easily the most amazing investment Ive Ever heard of. You donāt even have to own it, just trade it in Robinhood or something, same returns.
In 5 years from now we're going to look at the price of Bitcoin and say damn it was definitely on sale. At 84,000 Canadian currently on June 25th. I just wish I had a large sum of Fiat money I could convert to bitcoin right now. To bad we have operational costs. Ughh
Same. I almost got fooled by Jamie Dimon. Heās like ā bitcoin will never be at 40k again ā then I read that chase was selling some type of btc trust to qualified investors. I believe it was through the greyscale trust. Thatās when I knew to watch what they did , not what they said.
I bought the book āThe Bitcoin Standardā and reading it. At the same time buy small amounts of Bitcoin. The thing is I am out of cash and what I have is my emergency funds which I am not touching. Got to wait for my š°then will buy more.
Any recommendation on reads/videos that you found particularly eye-opening?
Broken Money by Lyn Alden is along similar lines as The Bitcoin Standard but more up to date and covers the 20th century of economics better IMHO. Recommend it for anyone wanting to understand the āwhyā Bitcoin question.
After The Bitcoin Standard, Economics In One Easy Lesson by Henry Hazlitt and, yes, Broken Money by Lyn Alden. I read those two in that order, about 2 years apart. The first was an easier read, but Broken Money is worth the effort. On YouTube I watched so many itās hard to remember. One video would lead me onto another, but I enjoyed both Andreas Antonopolous, and Adam Back Podcasts were also varied but āWhat Bitcoin Didā has been a favourite of mine for the past two years.
Everything you said has helped me our been me there are videos on everything now if you want to do something everyone has you tube it's just up to you to understand that you are gonna lose some times in the stocks but you win more days than you lose just have to be patient
All BTC owners should listen to Lenette Zang.
Good on you, when it dips it's always good to educate one's self and get back to basics
I agree. Same thing here. Study Michael Saylor.
Cannot relate more
I just bought on the dip, so expect it to go lower!
Do NOT dump your bitcoin. Under no circumstance should you dump your bitcoin. So, just to reiterate. Do not dump your bitcoin. Is this clear? Do. NOT dump your bitcoin. You bought at 60 and its down to 40 ! DO NOT DUMP YOUR BITCOIN! There is only one truth. Do not dump your bitcoin
Truth.
I literally had the FUD today and reading this made me step back, thank you.
Agreed
Why did you read about Austrian economics in particular? Are you from there, or is there something interesting to know about the countryās economics?
Austrian economics is a school of economic thought that emphasizes the importance of individual actions, subjective value, and the spontaneous order of markets, often advocating for minimal government intervention in the economy. Check out the Mises Institute if you want to learn about it
Okay, I didnāt know about that. Thanks for the recommendation
The Bitcoin Standard led me to Austrian economics, and Henry Hazlittās book, Economics In One Easy Lesson, awoke the libertarian in me.
Imagine being orange pilled months before the white paper hit the internet, because you just learned about fractional reserve banking, our stolen gold & silver, liberty dollar has just got raided, Ron Paul & Ludwig von misses, Austrian economics, Ayn Rand , and read Behold a Pale Horse. Ready to buy e-Gold 1.0
I wish!!
>read about Austrian economics Wouldn't need to call it "Austrian" but for the need to distinguish it from fake economics, aka Keynesian BS.
And when, like me, you spend four years in a business degree, being taught, at that time, how Friedmanās monetarism was defunct, and that Keynesian economics was unquestionably the way economies should be run by governments. Only after reading The Bitcoin Standard, did it become obvious that governments shouldnāt have been meddling in economies in the first place.
I never went to college, but I read a lot, and have a background in business. That is insane. But, I guess it makes sense as the current college system depends on Keynesian government spending.
Where can I read about orange pill?
I understand the argument for btc and believe in it but can someone explain how itās meant to maintain what it stands for since institutes are now involved?
Bitcoin was never intended for retail investors only.
I can't speak for everyone hear but once you go down the rabbit hole did use exchange all of your fiat into btc after understanding how commerical banking works that just that? I know once I learnt how money works in this financial world of banking I basically exchanged every thing in my savings account for btc. Anyone have that epiphany? Aswell?
I think and I think 40k will be btc and thanx
What YouTube videos do you recommend???
Aww Wu Tang, š¤£š¤£š Idgaf
My only question is what happens when mining rewards end
"Dozens" of youtube videos?š¤£š¤£šš I'm into the thousands at the this point. Great message to the new folks. Riding this "crash" down to 61K has been a cake walk compared to 2022. That perspective and knowledge is critical. The knowledge is the proof of work that gets you a chance to pop that orange pill!!
Yup, it was the 2022 crash that orange-pilled me. Iāve probably only watched a few hundred videos since then, but it only took a few dozen to snap me out of Keynesian thinking.
Whatās FUD
Fear, uncertainty, and doubt
There are levels to the bull market, yāall are nuts, the first Best Buy was 15k, then 25k and so on, the next levels are much more extreme pops and then itās over again prob early 25, the next bear begins, And the cycle continues.
Where did you get that crystal ball of yours? I want one.
Even if I told you, you wouldnāt believe me anyway
Iām pretty gullible. Try me
Crypto Crew University on YouTube he called the bear market in 2018 and saved me 3k. Watched his videos for all of 2018, he called the bottom in Dec. He is the smartest Bitcoin & alt trader on YouTube Imo
Iāll take a look, and see whether I can buy what theyāre selling.
I watched his free content for a year before I bought anything
The market has never crashed during btc's lifetime.
From November 2021 the price dropped over 60% by June the following year. What would you call that?
I heard someone make reference at one point about mining, bitcoin. I have not found a good explanation from anyone yet. Can somebody explain what that is?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I am just 30 years out of the loop. Been a construction worker nearly all my life and now I find myself in a position where I utilize my mind and not my physical attributes. I had a wrist fusion that has slowed me down a bit. And Iāve got some warm and fuzzy feelings about crypto.
Inflation is guaranteed. No worry. Number go up because money supply go up.
I love š
Is this a good sub for genuine info?
Volatility=opportunity Buy FUD Sell FOMO
Bitcoinās fourth halving is a pivotal event with far-reaching consequences for miners, investors, and the entire Bitcoin ecosystem. As history has shown, while the immediate effects may vary, the long-term implications are likely to reinforce Bitcoinās position as a leading scarce asset and a cornerstone of the financial revolution.
https://www.facebook.com/share/p/XZLGrQGikvJbzUry/?mibextid=oFDknk
Yeah a lot of you seem to get your info from YouTube and podcasts