Quote from: Torque on Today at 01:14:47 AM

Quote from: OgNasty on Today at 01:06:44 AM

Quote from: Torque on Today at 12:56:36 AM

Quote from: El duderino_ on December 05, 2023, 11:02:12 PM

Quote from: JimboToronto on December 05, 2023, 10:52:35 PM

Quote from: lightfoot on December 05, 2023, 10:48:15 PM

Jesus. Two pages of going on about GPUs and not one locomotive?

We're still a long way from CCMF.

Maybe after $60k.

Indeed we’re still in recovery mode

I think they'll first do a major bull trap (sell the ETF news), before eventually reversing course and plowing onward and upward.

I’m surprised a bull trap hasn’t occurred yet. Someone must be buying a ton of BTC right now. This is bigger than a Microstrategy buy. I would speculate a Saudi Fund or maybe a country like Argentina or even a company like Apple. I’m in full spectator mode seeing what happens next. I’ve got a Bitcoin ticker going in my house now.

A bull trap wouldn't happen until after all the ETFs get approved....so early next year.

Either that, or Gary punts again on the very first ones just to be a dick (and to benefit his shorting buddies), sending bitcoin down.

I think a bull trap can happen at any time. But I think if anything, we will see a bear trap before the ETF approval. From a whale perspective, it would make more sense to scare the shaky-hands into selling their Bitcoin just before the ETF's start boosting the Bitcoin price.

Quote from: OgNasty on December 05, 2023, 10:52:03 PM

Quote from: JimboToronto on December 05, 2023, 08:47:40 PM

Quote from: Gachapin on December 05, 2023, 07:17:10 PM

down to 30k-35k

Or up to 50k-55k.

We're still correcting from last year's steep dip.

2024 has been one big correction.

I think a lot of people don’t realize this. My personal belief is that if FTX didn’t defraud everyone out of their Bitcoin and pump everyone’s shitcoins then the price of BTC likely would have gone up as high as $140,000 and would have bottomed around $60,000. So while we may be in a bull market now, we should have never gotten this low in the first place.

Eventually we will get there, regardless of any such obstacles. It is just going to take a bit longer now. I can wait.