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Is this a generational bottom?
Is this a price we'll never see again, and should I be buying as much as I can?
Or is crypto over?
No one is on LULZ right now.
That proves OP point
Buy now, sell when CNBC is pumping alts
the gbtc people are about to blow up, I'd dca but really hold off until january
Gbtc is literally sueing the sec to transform Gbtc into a spot etf which means they hold the funds 100%
Saylor managed to sell 3,000 bitcoins in the last coupla' days and the price didn't much move. So there's that.
Crypto is dead cat bouncing its way to 0
Do you really believe that QT and interest raise came already through to traditional markets? Check stocks and look how inflated they still are. A fat slip in NASDAQ and BTC crashes through 14k like butter, and also don't forget about the still pending Grayscale shit that could be another black swan
Grayscale proves that BTC will be sub $10k within a month or two
The only thing that Grayscale proves is that it's shit and that only retards buy bitcoins through a trust.
Grayscale demand went to shit when Canada launched a spot etf
>Grayscale demand went to shit when Canada launched a spot etf
why?
an etf is a kosher investment that tracks the price better than a trust.
How low could we realistically go if Grayscale blows up?
grayscale isn't going to blow up, it's a simple trust with a baffling NAV divergence not explained by fees. i don't even like crypto and i'm thinking about buying grayscale.
anyone who holds their bitcoin on an exchange would be retarded to not see it and buy twice as much bitcoin exposure through grayscale.
If Grayscale had to liquidate all the underlying assets to pay back creditors? About $9k. But that is assuming nobody knows about it and Grayscale is able to dump everything without causing a panic. If the market knows in advance that they are going to dump everyone will try to frontrun Grayscale and then it would go even lower
>Check stocks and look how inflated they still are
based on which metric?
based on the metric that you are winning, lambo soon
its obvious. can fall another 30-75% over the course of 5+ years from these levels before it finds a bottom
bitcoin has never seen an bearish macro environment. 3k btc and under isnt unreasonable
bruh the real chart looks like this
what the actual fuck, i am shocked
that looks like 2003 here
What is this, inflation adjusted?
Ndx/m2
Keep in mind M2 will likely be contracting for some time so it's even more inflated when you consider how much smaller m2 will be in a couple of years
It has, briefly through goyvid. But yeah, the point stands
1000 on the nasdaq unironically and they call us the retards lol
yes once people like this come out of the woodwork is almost over, just like the 100k next week moonbois at the top
still think we got one more leg down but it will not be catastrophic
this is a generational low IQ bubble popping, even that loser Elon sold his stack
>generational bottom
Just wait until Tether get's fucked in court and can't materialize reserves or assets. Watch it all burn when shitters realize that they can't cash out en masse
I remain with my last years target of $8000-9000, but this isn't a terrible point to begin to accumulate [XMR].
Imagine not wanting to purchase into the futures largest money laundering machine.
I also have buys in at 8k. 8200 to be safe. Be patient friends
Buying BTC still feels like a rational decision, you should buy when buying seems like an absolutely retarded decision, when buying seems like you're just burning money away, when it looks so hopeless that you can't even explain to someone why would buying make any sense whatsoever, where you have to hide the fact that you're buying since you'll get nothing but ridicule for doing so.
That's when you go balls deep with your buys. Buying still doesn't feel retarded enough, although it's close to feeling stupid.
It doesn't feel as retarded because we know its gongco up, eventually.
I bought the covid low for ethereum (around 90$) and it didn’t feel retarded. I’m dcaing into btc and more eth right now and it doesn’t feel retarded. Buying more of my world etf does feel retarded tho but I know it’s the adult thing to do kek
i get your point. but this advice only works on midwits. if i was to wait until i felt totally retarded for buying i would never buy because i feel retarded 247
>Grayscale may not have real btc to back their paper btc
>Grayscale may need to liquidate their btc
I dont know about you guys, but people seem to throw two totally incompatible scenarios
If the first scenario leads to bankruptcy and them having to liquidate 70-80% of the BTC that they are supposed to be holding, that is bad enough
Shocking how the FED trained a whole generation to be buy the dip monkeys. Even LULZ autists. We're still in bubble territory in basically every asset fucking lol.
The inflation is the bubble retard, now give me my NEETbux
BEAR MARKET DIDN EVEN STARTED YET AND YOU RETARDS ARE EUPHORIC