Bitcoin fukking DESTROYED

[MinnesotaFats]

LOST all that resistance at $20k today despite US blue chips being up.

It might be the end game here

 

[Wagerallsports]

I don't think it will ever be the same

 

[MinnesotaFats]

I don't think it will ever be the same

Something is going on...there were a few players buying it all up and it appears they might be left holding the bag

 

[Enikk]

Been saying all year most want out by December 1st. The date at least one big wallet gave as a day needed for personal info.

 

[Enikk]

One bitcoin was worth 67,554 at this exact time last year

 

[BobbyFK]

One bitcoin was worth 67,554 at this exact time last year

Unbelievable the decrease in value in just one year. Do you foresee it going back up over the next year or continuing to decline?

 

[MinnesotaFats]

Unbelievable the decrease in value in just one year. Do you foresee it going back up over the next year or continuing to decline?

Where's the resistance? I mean, honestly, US blue chips are up 5% last 3 weeks....Bit is down 20%

So, it's not tied to US Equities
Not tied to the Dollar
Not tied to inflation
Not tied to bonds

Where is its "store of value"?

 

[BigJay]

I don't think it will ever be the same

Is this different than the long lull between 2019-2021 after the 2017-18 huge spike? Is there going to be a big downturn before it spikes up to six figures in a couple of years?

 

[Enikk]

I may BUY around Xmas eve. Those that don't want to hand in personal info will have already cashed out by December 1st. Other peeps may have already sold to pay for their Xmas or rushed to judgement after the December 1st drop and just want to get out. We see the hysteria all the time when things don't hold their value short-term. I think that will be an excellent time to buy low. Might not be the lowest but I will feel comfortable making that time a solid start point for investment.

 

[MinnesotaFats]

I may BUY around Xmas eve. Those that don't want to hand in personal info will have already cashed out by December 1st. Other peeps may have already sold to pay for their Xmas or rushed to judgement after the December 1st drop and just want to get out. We see the hysteria all the time when things don't hold their value short-term. I think that will be an excellent time to buy low. Might not be the lowest but I will feel comfortable making that time a solid start point for investment.

Be careful. I'd bet half the actual users are in this for the anonymous factor/ black market.

I would not be surprised to see 12500 by Xmas at this point

 

[Enikk]

Be careful. I'd bet half the actual users are in this for the anonymous factor/ black market.

I would not be surprised to see 12500 by Xmas at this point

6-9 months ago my guess would have been 8-9K after December 1st. I still will be shocked if over 10K by Xmas

 

[carolinakid]

it a wait and see for me at this pt, buying xmi calls here now as with the big push by rep winners tonite imo, it time for the blue chips to rise, plus next week on the 15th will be another push with the big news from Trump

 

[MinnesotaFats]

it a wait and see for me at this pt, buying xmi calls here now as with the big push by rep winners tonite imo, it time for the blue chips to rise, plus next week on the 15th will be another push with the big news from Trump

Easy there- the election is one thing but if you've been following my focus on the Fed- they don't have any buyers for their debt.

Looking for borderline humiliation from the Fed regarding losses and bond sakes to Asian buyers. I think both will be bad and there's the start of the global recession.

This was the jist of my argument w Tanko/ his friend from Wharton, who is bullish, yet I'd hold back....these are EXECUTIVE branch issues, the election cannot undo Biden and just how fukking bad he is and will continue to be.

 

[gauchojake]

Destroyed? Not really

 

[MinnesotaFats]

Destroyed? Not really

It was down 10% on a day US blue chips were up & the dollar weakened

 

[gauchojake]

10% crypto swings aren't really a concern are they? I thought I missed something and it was down 20-30% lol

I wouldn't worry about it. Buy the dip minny

 

[chilidog]

money's on sale, boys!

anybody that sees this as anything else has a scarcity mindset, and we all know that scared money don't make no money!

 

[BobbyFK]

That's always been my mindset. But low and sell high

 

[hazliam]

The drop hurt so bad, I don’t even wanna gamble today and just drink booze.

 

[Tanko]

Easy there- the election is one thing but if you've been following my focus on the Fed- they don't have any buyers for their debt.

Looking for borderline humiliation from the Fed regarding losses and bond sakes to Asian buyers. I think both will be bad and there's the start of the global recession.

This was the jist of my argument w Tanko/ his friend from Wharton, who is bullish, yet I'd hold back....these are EXECUTIVE branch issues, the election cannot undo Biden and just how fukking bad he is and will continue to be.

Minny, you seem to be making s#it up now. My niece from Wharton never was bullish. She just explained how inflation was not a "Biden" issue, its a worldwide issue. Stop making stuff up.