Bitcoin price discussion and analysis

[Trendnomics]

Man this crash is good watching (reading #bitcoin) ??.

The memes are not gonna save anyone.

 

[frugal.rock]

This my opinion only, but all my charting, trading and life experience ( gg being greedy and gg being fearful ) tells me that BCN will drop below $US 34,000 and go further to $US 24,000 or $US 14,000 within the next week.

My memory of ballpark calcs I did a few years ago would put the current cost in electricity (Western country) to mine a bitcoin at around USD $20k to $24k each.
So, once it gets to "cost" levels, if all else stays the same, it's all pile in again, no?

When you say "here" @grah33 , I can't see where your hand is at...
Are you patting a Chihuahua?
Because that's about where I expect it to go....

think it's gonna rise from here ,anyone?

 

[Trendnomics]

Strange that there are so many people now being emotional over "fiat" currency losses....

You are still HODL'ing the same amount of crypto currency - to the mooooon baby!

 

[over9k]

Elon is still at it

 

[qldfrog]

I

Strange that there are so many people now being emotional over "fiat" currency losses....

You are still HODL'ing the same amount of crypto currency - to the mooooon baby!

Just now my cash in the bank is higher more due to btc than my share systems..and did zip work on btc.whereas my hourly rate for system building must be negative after electricity bill?
Btc is freedom, and no satisfaction seing it crushed alongside democracy, sciences , independant thinking in a world where even Orwell's nighmare seems benign.

 

[qldfrog]

Was a nice dream.rip

 

[moXJO]

View attachment 124755View attachment 124754

Elon is still at it

Elon trying to save his reputation. It was bad timing on his part but his tweet is perceived by "dumb money" to have crashed the market.
Hope the grifter loses billions and keeps getting sht on.

 

[moXJO]

Strange that there are so many people now being emotional over "fiat" currency losses....

You are still HODL'ing the same amount of crypto currency - to the mooooon baby!

I'm super pissed that this cycle is over. 4 years between drinks sucks.
We still have stock and housing market crashes to go yet, so back to pissy returns in the future.

Crypto was just insane gains.

 

[Trendnomics]

Btc is freedom, and no satisfaction seing it crushed alongside democracy, sciences , independant thinking in a world where even Orwell's nighmare seems benign.

We still have stock and housing market crashes to go yet, so back to pissy returns in the future.

Crypto currencies to me are sirens (LINK) - risky distractions from trading assets with real intrinsic value.

Blockchain technology definitely here to stay - can't say so much for all the coins.

 

[againsthegrain]

Always wanted to use this quote, feels like it fits the situation

 

[Garpal Gumnut]

I have told Elon that a line is the shortest distance between two points.

This was his reply.



You guys probably don't remember Howard Hughes. Richest man in his day. Mad as a cut snake.

Elon is in danger of not being allowed follow me on Twitter if he doesn't see a Nut Doc.

His DM's are even worse than his posts.

Then there is BTC. Next stop ??????

gg

 

[moXJO]

Crypto currencies to me are sirens (LINK) - risky distractions from trading assets with real intrinsic value.

Blockchain technology definitely here to stay - can't say so much for all the coins.

All I see are herd greed/fear trading. Stocks are institutional playgrounds. Little guys got rich off crypto.

I think this meme captured the whole crypto world to a T at the moment. From rich to "Do you want fries with that"





Or this one

 

[over9k]

I guess it would depend on when you bought

 

[moXJO]

So gas prices on eth are right down. Activity is low as everyone sits tight to see which way this is going. Now because activity is low it can dump with little volume. But I'm thinking the fear is dissipating. News cycle is important from here.

 

[moXJO]

I guess it would depend on when you bought

A lot of late bloomers got rekt.

Oh the memes

 

[matty77]

If this bull run is over.. and it probably is.

This time I did a lot better then the last one, managed to bag a few 3000% gains, got everything I originally put in out including for tax while still having about 70% left in..

At one point last year I was 80% in the hole from original investment.

Didn't achieve my goal in regards to increasing my BTC holdings though, but hopefully if the price continues to drop might be some opportunities later.

If we just had another month of BULL would have been better as I wanted to be out before new financial year anyway.

Biggest lesson I learnt was - take profits. That's a hard lesson and one I still struggle with...

 

[grah33]

Elon is still holding though

 

[grah33]

My memory of ballpark calcs I did a few years ago would put the current cost in electricity (Western country) to mine a bitcoin at around USD $20k to $24k each.
So, once it gets to "cost" levels, if all else stays the same, it's all pile in again, no?

When you say "here" @grah33 , I can't see where your hand is at...
Are you patting a Chihuahua?
Because that's about where I expect it to go....

then down u expect it to go.

 

[grah33]

the people who missed out on the run are probably quite happy

 

[over9k]

You've seen my posts about RIOT. There's plenty of money to be made