Quote from: Sayeds56 on Today at 11:52:06 AM

Quote from: somac. on Today at 10:27:05 AM

Quote from: AlcoHoDL on Today at 10:17:28 AM

40k € barrier broken for the third time on the 1H chart (soon after $50k got broken). Looks like there will be a DOWNity (for ants) before the big UPpity resumes before the end of May, taking us to a new ATH. Yes, I know this post is dumb and doesn't say much...

Where's Bob?

Price always goes down on the weekend, so expected. Let's just hope the UPpity actually resumes.

Absolutely right. Price goes down on Saturday but on Sunday evening price recovery starts.

https://www.longhash.com/en/news/3438/Monday-Lows-and-Sunday-Highs:-Bitcoin-Price-Patterns-By-Day-and-Hour

It tends to be dangerous to become too reliant on these kinds of supposed patterns even if they can be shown on charts, because they may well persist for a while and then when they do the opposite, such opposite may well come in a quite violent way that causes some folks who had been relying on such supposed patterns to get reckt as fuck, including losing any historical gain that they might have made from such and also taking the principle of a sufficient number of them that it is so easy... like a kitty cat toying with a mouse... and you overly reliant pattern traders are not the kitty cats... so you better protect ur lil selfies from getting trapped (or over exposed) in such scenarios/expectations.

Quote from: shahzadafzal on Today at 12:54:48 PM

Can we apply this philosophy to Bitcoin Community .... “UBUNTU - I am because we are”.

No.

Bitcoin no does not work like dat.

Bitcoin is built upon presumptions of competition and greed, and sure there are a decent number of instances of participants such as developers cooperating, but mining, market share, attacking the network, creating of competing shitcoins to print money and things like that do not presume cooperation but instead seem to cause bitcoin to become stronger from various kinds of competition.. including some of the intense FUD spreading and market cycles that cause the stronger hands to stay focus and allow for the redistribution of coins from the weaker to the stronger hands.

Quote from: cAPSLOCK on Today at 03:32:15 PM

Quote from: El duderino_ on Today at 08:03:03 AM

Quote from: Biodom on May 14, 2021, 11:05:57 PM

Everyone says that CMC dominance is irrelevant since it also includes stablecoins.
Yet, whatever params you use, there has been a sharp decline in btc dominance from the end of December 2020 (72%) to now (40%).

https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/

IMHO, this has to reverse within a week or two, otherwise it would be difficult to recover and we would move (regrettably for me) from one hegemon (bitcoin) to a multi-polar crypto world.
It is not a popular possibility around here and my largely btc position would affect my worth (or the lack of it), but someone needs to point out that this scenario is possible.

TLDR; a bear market starting in 1-2 wk to smash alts or a true multi-polar crypto world is coming. Btc ETF approval could swing the balance back in btc favor, but I don't see anything else doing it, judging by the current dynamics.

I mainly see business as usual tbh.... dips like always.... I also have a “largely btc position” like 98% of my cryptos.... not gonna change that though...

The "it's different this time", and "bitcoin will not survive this" narratives are STRONG, currently.

Exactly!!!!!!!

there are definite needs to ramp up the attacks and spread bullshit in even more convincing ways in order to attain some weak hand shakening success. Does not really seem different to me this time, because whenever we are going through a correction and feeling that it is lasting longer than expected, the impending doom of bitcoin does feel "real" at the time of going through it... We mostly forget the feelings of the past corrections because we can see and verify how they turned out.. which we cannot really accomplish with a great degree of confidence while we are going through such contemporary corrections.