Current Events > What's going on with Bitcoin

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pretzelcoatl
02/28/24 8:21:03 AM
#1:


Had a guild member come out of early retirement to stock up on more bitcoin about three months ago, he pretty much told everyone to buy as much as they could.

Now that I'm looking at the price, I kind of regret not doing it (even though I don't really mess with crypto)

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Board_hunter567
02/28/24 8:26:07 AM
#2:


Whales laundering their NVDA gains.

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pretzelcoatl
02/28/24 8:27:51 AM
#3:


Board_hunter567 posted...
Whales laundering their NVDA gains.
Safe to say that NVDA isn't going to stay as high as it is, to be fair
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EndOfDiscOne
02/28/24 8:29:44 AM
#4:


Its probably going to pull back hard soon, but it always goes up over the long term. Expect a new all time high this year.

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jediknight0056
02/28/24 8:33:32 AM
#5:


Bitcoin and other cryptocurrency is dead
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Board_hunter567
02/28/24 8:35:54 AM
#6:


People are going to say it's due to halving or whatever, but that's bunk considering every other crypto is also rising. Whenever the S&P 500 rallies, so does all crypto, almost as if there's a correlation, like systematic attempts to hide newfound wealth.

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EndOfDiscOne
02/28/24 8:42:15 AM
#7:


Board_hunter567 posted...
People are going to say it's due to halving or whatever, but that's bunk considering every other crypto is also rising. Whenever the S&P 500 rallies, so does all crypto, almost as if there's a correlation, like systematic attempts to hide newfound wealth.
All other crypto follow Bitcoin as well. Rarely, Ethereum will lead.

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pezzicle
02/28/24 8:44:58 AM
#8:


EndOfDiscOne posted...
All other crypto follow Bitcoin as well. Rarely, Ethereum will lead.

ya this. Discounting the halving because other crypto is going up sort of ignores all of crypto history since other things follow BTC

its following the same cycle as it has followed every window. The halving will happen. It will drop a bit before coming back up to around this level. Then it will shoot up in about a year or so (probably
to around 120k or so based on past precedent) and then will drop down and settle somewhere between where it is now and the peak.

I personally plan on selling sometime before end of 2025. I dont have a lot. About 0.5 BTC and about 3 ETH

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SilvosForever
02/28/24 8:58:43 AM
#9:


Just buy a S&P 500 total index fund like VOO a bit every week and don't check on it for 20 years - boom you're a secret millionaire congrats. Hands off, easy, as consistent as anything else.

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pretzelcoatl
02/28/24 9:10:17 AM
#10:


jediknight0056 posted...
Bitcoin and other cryptocurrency is dead
I think you're wrong, but agree to disagree
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TotallyNotAGirl
02/28/24 9:11:51 AM
#11:


jediknight0056 posted...
Bitcoin and other cryptocurrency is dead

And how many times has it died now?

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pretzelcoatl
02/28/24 9:12:10 AM
#12:


SilvosForever posted...
Just buy a S&P 500 total index fund like VOO a bit every week and don't check on it for 20 years - boom you're a secret millionaire congrats. Hands off, easy, as consistent as anything else.
I already do this between SPYG and QQQ, alongside some dividend etfs. Rarely do I buy single stocks.
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Dark_Koopatrol
02/28/24 9:12:43 AM
#13:


Suck it crypto haters
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Board_hunter567
02/28/24 9:34:42 AM
#14:


Dark_Koopatrol posted...
Suck it crypto haters
I don't deny you can't make money off it, just the reasons for it's valuation. You're also entirely too dependent on the exchanges not losing all their money which, you know, has happened.

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Anony1125
02/28/24 9:34:58 AM
#15:


SilvosForever posted...
Just buy a S&P 500 total index fund like VOO a bit every week and don't check on it for 20 years - boom you're a secret millionaire congrats. Hands off, easy, as consistent as anything else.
inb4 4% real return over the next 10 years

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DarkDoc
02/28/24 10:28:29 AM
#16:


pretzelcoatl posted...
he pretty much told everyone to buy as much as they could

That's what's going on with bitcoin.

That's all that's ever going on with bitcoin.

The entire story of bitcoin is just people telling other people to buy it. The end.
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EndOfDiscOne
02/28/24 10:28:53 AM
#17:


Damn. If this holds for 2 more days, Im up more than $100k for the month of February

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Euripides
02/28/24 10:29:43 AM
#18:


What's going on with Bitcoin?

International money laundering, just like every other day

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ssjevot
02/28/24 10:31:02 AM
#19:


TotallyNotAGirl posted...
And how many times has it died now?

Based on the topics I see here gloating about it being dead everytime it drops? Too many to count.

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Rai_Jin
02/28/24 10:31:46 AM
#20:


if you don't know exactly how the price discovery works I wouldn't invest in it.

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Luteo
02/28/24 10:36:29 AM
#21:


With AI and AGI growing and progressing people are starting to realize how important Bitcoin is.

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pezzicle
02/28/24 11:18:17 AM
#22:


Board_hunter567 posted...
You're also entirely too dependent on the exchanges not losing all their money which, you know, has happened.

what exactly does this mean? There are so many.

hold you assets in a hard wallet

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YoBlazer
02/28/24 11:21:30 AM
#23:


I sold my tiny amounts of BitCoin and Ethereum a couple days ago for about $13k. Looks like I sold to early, but I still made a large gain, so I'm happy with my yields. Probably gonna hold onto that $13k and just buy more at the next crash.

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ellis123
02/28/24 11:23:41 AM
#24:


TotallyNotAGirl posted...
And how many times has it died now?
Once: when it became clear to the average person that it was useless as a currency.

Its corpse, however, continues to be paraded around to this day.

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pezzicle
02/28/24 11:30:32 AM
#25:


ellis123 posted...
Once: when it became clear to the average person that it was useless as a currency.

Its corpse, however, continues to be paraded around to this day.

expensive corpse keeps getting more expensive


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NeonOPPAl
02/28/24 11:32:30 AM
#26:


I sold my bitcoin last month. I'm out of this >_> I'm sticking with normal investments

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pezzicle
02/28/24 11:33:13 AM
#27:


YoBlazer posted...
I sold my tiny amounts of BitCoin and Ethereum a couple days ago for about $13k. Looks like I sold to early, but I still made a large gain, so I'm happy with my yields. Probably gonna hold onto that $13k and just buy more at the next crash.

good to get out when youre comfy but thats too bad. I think itll be worth a bunch more come summer 2025. Thats my intention to sell window

maybe Im wrong but we will just have to see

I have about 55k total from an 8k initial investment


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ellis123
02/28/24 11:36:04 AM
#28:


pezzicle posted...
expensive corpse keeps getting more expensive
Just like the period where the British kept on buying mummies to eat the wrappings/have a talking piece.

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Prismsblade
02/28/24 11:39:18 AM
#29:


Literally nothing. Hell I dont think bitcoin has done anything by itself to warrant a buy ever.

Just a bunch of crypto bros buying in, inflating the stock, generating hype to cause FOMO and then cashing out.

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SilvosForever
02/28/24 11:40:13 AM
#30:


I think we are witnessing the pump before the dump. If you're up a lot, I'd consider cashing out soon.

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K181
02/28/24 11:41:01 AM
#31:


Having not googled it, I'm assuming it's either in pump mode or dump mode.

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Irregardless, for all intensive purposes, I could care less.
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Jeremy517
02/28/24 11:41:17 AM
#32:


Hundreds of millions of dollars are flowing into Bitcoin ETFs every day right now
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Mearcstapa
02/28/24 11:41:56 AM
#33:


Fucking hate bitchcoin

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after years of waiting
nothing came
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pezzicle
02/28/24 11:46:33 AM
#34:


SilvosForever posted...
I think we are witnessing the pump before the dump. If you're up a lot, I'd consider cashing out soon.

itll half.
itll drop
itll go up

this is what it does

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pretzelcoatl
02/28/24 12:00:21 PM
#35:


SilvosForever posted...
I think we are witnessing the pump before the dump. If you're up a lot, I'd consider cashing out soon.
I think it's a combination of bitcoin etfs and the upcoming halving, but pump and dump could be real
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chaos_knight
02/28/24 12:01:00 PM
#36:


Mearcstapa posted...
Fucking hate bitchcoin


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pezzicle
02/28/24 12:02:47 PM
#37:


pretzelcoatl posted...
I think it's a combination of bitcoin etfs and the upcoming halving, but pump and dump could be real

I def think its all of those things.

there has been a lot of talk about how when a halving happens there is a big jump in price so I can see people wanting to jump in

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EndOfDiscOne
02/28/24 12:10:53 PM
#38:


This is just comical now. If it actually hits a new ATH, this will be the craziest run Ive seen in my 5 years buying

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pretzelcoatl
02/28/24 12:14:18 PM
#39:


EndOfDiscOne posted...
This is just comical now. If it actually hits a new ATH, this will be the craziest run Ive seen in my 5 years buying
I think there are some waiting to dump near 65k to break even from the last run
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pezzicle
02/28/24 12:59:55 PM
#40:


pretzelcoatl posted...
I think there are some waiting to dump near 65k to break even from the last run
looks like this exact thing happened

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Yawn_Master2
02/28/24 1:02:00 PM
#41:


people here really dont understand anything about money, stocks, or crypto

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Torgo
02/28/24 1:03:54 PM
#42:


pretzelcoatl posted...
I think you're wrong, but agree to disagree

Bitcoin will live on for a little while because it's a pyramid scheme essentially, and they have targeted economically uncertain conservative men as their primary prey... not a bad group to convince of your alternate get rich quick "de-centralized" pseudo investment.

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pretzelcoatl
02/28/24 1:05:21 PM
#43:


pezzicle posted...
looks like this exact thing happened
It was obvious that it would, but I'm curious to see what it looks like in a week. My guess is this rally isn't over. Part of it is a volume dip, I know RH transactions started not going through right near the peak, seeing a lot of posts about orders pending and not filling on Twitter.
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Blue_Target
02/28/24 1:08:32 PM
#44:


sigh, i remember around 2012 when people were talking about Bitcoin here when it was about $300.

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1337toothbrush
02/28/24 1:13:49 PM
#45:


Luteo posted...
With AI and AGI growing and progressing people are starting to realize how important Bitcoin is.
Are you joking? What does bitcoin have to do with AI or AGI?

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Jeremy517
02/28/24 1:14:12 PM
#46:


pezzicle posted...
looks like this exact thing happened

No, it dumped because of Coinbase issues

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pezzicle
02/28/24 1:19:40 PM
#47:


Jeremy517 posted...
No, it dumped because of Coinbase issues
except volume is up

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Yawn_Master2
02/28/24 1:20:06 PM
#48:


I predicted over $700 for Nvidia in early January.

over $100k per bitcoin before the year is over.

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Jeremy517
02/28/24 1:25:30 PM
#49:


pezzicle posted...
except volume is up

The FUD of it having issues, not the inability to use it normally
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1337toothbrush
02/28/24 2:10:23 PM
#50:


pezzicle posted...
except volume is up
The whales can dump on the peasants using a shit exchange.

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