Bitcoin - Battle of the Bears and Bulls

Surprising result so far...

Would be interesting to see if sentiment is so bearish with a couple hundred votes

Pinned

TY for the green!

Oh look Crypto are going down, watch the GLP experts come out off the woods.

Funny how we don't see them when it's going up LOL.

It's true value is zero since it produces nothing and its only worth comes from being able to sell it to a greater fool.

However with wash trading and tether et al stablecoins, it's able to have the "appearance" of value..

Well.. until your exchange exit scams for lack of liquidity and pulls a Mt gox or celcius.

No one actually uses it as currency. Digital beanie babies is a more apropo nomenclature.

because it's a spin doctors game of virtual grabass

That aimed at me? I post when it's up or down...since 2017

No no lol. It's just a general comment that whenever crypto go down, this site get filled with comments like :

AHAHAH we told you it's all a scam, it's going to zero !

Then when it's going up, it all quiet.

[link to www.zerohedge.com (secure)]

That's not true.
It's official legal tender now in El Salvador.

Home Depot, Overstock, and a few other big places take it. Amazon has hired someone to study how they could use it.

I recall a Bitcoin village,a open air market of sorts that sprang up at a tech festival - you could even use it to buy coffee.

200mil of longs liquidated in past 24h

This guy's been pretty good at calling trends lately



Last Edited by We Are Slaves on 08/19/2022 08:11 AM

What's with the Juan stars? no-coiners?

Bitcoin is outdated technology, and is gonna be fazed out over time. So is Ethereum, which is slow and expensive to use.

Its going to 9 to 10 thousand.

Perhaps, perhaps not...some hedging in BTC is logical either way imo...especially with potential reserve currency inflation.

ETH's been good to me, but i've never really been into it...agree for it's high cost of use

Its too fuckung slow to use as a currency. Its old tech. Bitcoin is the Model T.

all the coins will crash.. the dollar will crash and all other fake monies will crash

If it goes under 17500 in this trend...maybe

Up or down is fine by me :)

Theta Token / Theta Network can do everything that Ethereum can do, only much faster and much less expensive.



Last Edited by Butch DeFeo on 08/19/2022 09:50 AM

And mining is inefficient and uses too much electricity.

Staking is replacing mining, BIG TIME.

Slow, rising tide: like all investments

Long term, BTC very low right now

BTC has been tracking directly against the USD. When the USD strengthens, BTC falls and when it weakens, BTC rises. It was doing well until the Fed minutes. Now that it’s clear that more hikes are coming, BTC falling again…

Bitcoin is DOA.

what it does short term doesnt matter much.

at $21k the miners are losing $5-8 billion collectively per year and the loss doubles in early 2024.

[link to broward.ghost.io (secure)]

it's simple math. Bitcoin can't continue unless
price reaches $40k soon and then $80k in 2024.

.

That might not last long :

No good reason to buy fake Bitcoin BTC.

It's already practically worthless, people just haven't realized it yet.

It might not go to zero but there's no real value.

Because it can't scale and therefore has no real utilities like the rest of the bullshit "crypto."

Yeah i heard good things about Theta, grabbed some last year

the "rally" of the past month was pure sucker ploy
by the whales. they bought in at strategic moments
to lure bystanders into a panic rally, which has now
fizzled out. I said so a month ago, Ive seen the
same game in stocks.

.

12,000 here we come