Quote from: OutOfMemory on Today at 07:10:31 PM

Quote from: Volgastallion on Today at 06:45:17 PM

Quote from: LFC_Bitcoin on Today at 01:36:27 PM

Bit frustrating that we seem to be unable to stay above $100,000 for now. We will smash through it and hesd upwards new all time highs but I have to admit I am feeling a little frustrated currently.

I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.

I tend to see the full glass and what can i say.

I understand your feelings but is only a psychological number, if we see the whole picture we are surfing above the 90k from a long time so still a very good number and a super performance, every time a hit is taken the BTC only suffer a bit and very fast go up again in hours or days.

If you see in the recent developments the BTC is super strong, maybe one of he most strong "assets" of the whole world.
Deepshit AI? Dont give a fuck,
Trump trade war? Dont give a fuck

BTC remains still standing when Nvidia and other mayors assets fell apart.

What about? ...
Nope, the truth is that BTC trading price no more reflects its true value.
Nvidia (and what not) may be past similar situations, but instead overvalued (or maybe better: overpriced).
That bananas-apples comparison is meaningless.
As BTC increasingly decouples from the economic situation, it is still undervalued AND underpriced, though the undervalued part improved significantly, while price wasn't following. I mean, c'mon. If i can see this, you can see it too. This or i'm completely stupid.

You are completely stupid (your words) because you are fucking around trying to trade bitcoin even though you can see that it is undervalued.

WO guys are not new to bitcoin, so of course, we know that ongoingly if there is any kind of stop or slowing down in price momentum in one direction or the other, then various forces are going to be battling to push BTC's price to bring it down as low as possible and to keep it down as long as possible to shake out as many weak hands as can be shook. What's new? We've been here several times, and even ongoingly, but if we have been paying attention then we are not going to be losing our confidence and try to fuck around trying to trade waves (corrections) that may or may not end up happening.

Quote from: OutOfMemory on Today at 07:10:31 PM

Sure, we all can "think positive" about what's happening around Bitcoin.
I mean, what would Satoshi say to all this, watching the banks and financial elites grabbing masses of BTC without moving the price (shifting the value) while the spot market's life and liquidity is getting milked out by the same institutions? Do you think he would be positive?
I am not an evangelist, but there definitely is this ethical edge, isn't it?

Bitcoin was build for these kinds of matters, and it seems to be working out pretty well. Yeah, we have BIG players trying to play both sides and likely engaging in various kinds of fractional reserves, but they are going to get themselves into trouble if they get on the wrong side of some of their manipulation attempts.

Quote from: OutOfMemory on Today at 07:10:31 PM

EDIT: I didn't even touch that usability topic (yet)!
Oh, and where was adoption, outside of El Salvador? We're in the middle of a bullrun, come the fuck on!
Sure, WAGMI, but is that really everything to it? I don't think Bitcoin can live off greed only.

Ever since October 2023, we have not had very many extensive corrections, and surely we already know that bitcoin has historically had decently large price corrections, even during bull runs. Yeah, you can say that our correction from $74k to $49k (32%-ish) between March and August was meaningful and large, but to me comes off as a BIG so fucking what?

Now you want to suggest (cry that the sky is falling) mere on a wee widdow correction from $109k to $95k? Only 13%-ish, so far. That is nothing.. We should be able to do these kinds of corrections in our sleep.

Or maybe you think that the sky is falling because the BTC price is failing to go up as much and /or as fast as you would like it (or you believe it should) go up. That seems misplaced too... There were even several of us who had suggested a possibility of buy the rumor, sell the news, whether we want to refer to a Trump pump or not... but still BTC prices seem to be hanging in there pretty well.

Quote from: Biodom on Today at 08:34:10 PM

Quote from: serveria.com on Today at 08:12:54 PM

Quote from: LFC_Bitcoin on Today at 01:36:27 PM

Bit frustrating that we seem to be unable to stay above $100,000 for now. We will smash through it and hesd upwards new all time highs but I have to admit I am feeling a little frustrated currently.

I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.

Indeed, if we take a look at the heatmap, February should be great for Bitcoin:

My prediction: next leg up to 120-130k in February-March, 150k in Summer and a moonshot (200-250k) in November.

Right now, it "feels" like a bear market..with it's drip drip drip downwards.
Quite shocking, in fact, since that we are declining (or flat) against all expectations.
Isn't it a definition of a bear market when the ostensibly good news cause further declines instead of price increases?

Oh gawd..

You want to say that we have not been having enough UPpity, since we have not had an ATH in the past 2.5 weeks, and we have been on a steady decline for 2.5 weeks from our ATH...? Therefore we are in a bear market?

What kind of a looney world is this? Spreading depression since we have not had another ATH for 2.5 weeks, therefore we are in a bear market?

Quote from: Biodom on Today at 08:34:10 PM

That said, I am predicting nothing further, maybe it is "something" localized in time like a 'bear market" of 2020 that was severe, but lasted 2 mo or less.

Bear markets do not work like that, especially in bitcoin. Yeah, bull markets may take 3 years and have several corrections along the way... which is the 3 greens and a red framework.

I will admit that bear markets do sometimes end up coming, yet we might not be able to confirm for several months (maybe even up to 6 months) that we had actually entered into such bear market 6 months earlier.

Quote from: Biodom on Today at 08:34:10 PM

Obviously, it is too early to have a cyclical bear market as we are NOT at the end of 2025 yet.

Now you want to throw around dumbass terms to distinguish cyclical bear as compared to local bear? Why can't you just characterize where we are at as a correction and you are not sure how big of a correction that it might be?.. just seems lame when people are throwing around bear and bull and bear as if we can have a bear market within a bull market, which is just emotion-ladened doomer and gloomer kinds of thinking that seems to ONLY either be inspiring panic, or trading or some other dumb ass techniques that may well not end up working out very well for those who engage in those kinds of ways to lose their focus on accumulating bitcoin (or HODLing).

Quote from: promise444c5 on Today at 09:04:19 PM

Quote from: Biodom on Today at 08:34:10 PM

Obviously, it is too early to have a cyclical bear market as we are NOT at the end of 2025 yet.

Agreed but what about the early 2024 bull ?? Does that count early as well ??

The bull market can end at any time. There is no rule that it has to continue for 4 years merely because it did in the past.

So yeah, there will likely be a lot of dumb fucks 1) selling too many BTC too soon and/or 2) failing/refusing to continue to stack sats (and to prepare for up).

You can be one trying to play the waves or to time the market....yet since you ONLY been on the forum for around a year and a half, it seems that you should be stacking sats, unless for some reason you were able to front load your investment into bitcoin... but anyhow, guys can do whatever they want, and historically we have seen a lot of geniuses selling large portions of their stash, and this time around Michael and Larry will be thanking you for your donations to the cause.

Quote from: serveria.com on Today at 09:26:13 PM

Quote from: Biodom on Today at 08:34:10 PM

[edited out]

Weird, I don't see any signs of acbear market to be honest. Just take another looks at the heatmap. Should we start to worry? Perhaps if we'll have two red months in a row or more than 3 red months this year we should start to worry. Otherwise, everything looks normal so far.

You don't see a bear because you are rational and not just throwing out bullshit premature talking points based on 2.5 weeks of data that does not even support a bear theory anyhow... just supports a "let's get scared" for nothing theory.

Quote from: George Edward on Today at 09:46:41 PM

Quote from: Biodom on Today at 06:19:25 PM

Spot on, but what are the causes?
To me, it seems that "crypto' (apart from bitcoin) is dying or at least is in a catatonic state.
This comes back to what it's function, overall?

As I said before on multiple occasions: the second layer should have been developed on bitcoin.
Instead, not much was developed on bitcoin and everything else quickly loses relevance, maybe with one or two exceptions (or, maybe even just one and it is not the VB coin).
Inflation hedge with bitcoin and stablecoins for fast payment tx-those are ONLY two applications with large relevance right now.
DeFI could be a third app, but it is hopelessly fragmented and was banged repeatedly by the gov.
The fact that banks would soon be able to issue tokens horrifies me quite a bit.
IMHO, too much acceptance and too much integration into the "old" system gives the field as a whole a "kiss of death".

To what extent bitcoin could stay above the fray would be determined in the next 6-12 mo, imho.

.
Well DeFi and other crypto projects, you're right Bitcoin needs to solidify its role as a key player. Let’s hope for innovative developments that serve to its strengths while keeping those old systems at cove .

Funny that?

For some strange reason (maybe I am "completely stupid?" stole that one from OOM).. , bitcoin does not seem broken to me.