Bitcoin Thread 2 Satoshi

ugh, how repetitive and boring these kind of headlines have become over the past 7-8 years:
www.coindesk.com

Bitcoin (BTC) Price Dips Below $98K as Strong U.S. Economic Data Leads to $300M Bullish Crypto Liquidations

Bitcoin (BTC) fell more than 4% with major altcoins including ETH and SOL dropping 6%-9%. Behind the move were renewed cycle highs in U.S. bond yields following stronger than expected economic data.
www.coindesk.com www.coindesk.com

"strong" US economic data which is always overstated and gets seasonally adjusted downward all the time is yet again apparently the catalyst for a crypto dip

suddenly less interest rate cuts expected due to this fake "strong" data

$300 million in liquidations also apparently move the downward momentum ... of a $2 trillion market?!?
 
didn't event notice R2m got cracked for the first time on Friday evening

1737265527740.png


guess Hannes got tired of all that edging from December :ROFL:
1737265829672.png
 
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Are you guys selling today or hedging that tomorrow will springboard BTC even further?
 
A3@MBB said:
Are you guys selling today or hedging that tomorrow will springboard BTC even further?
Click to expand...

Holding.

Not sure if you have seen but Trump launched his own meme coin (3 days before he takes office ) which now has a market cap of 14 billions.


You can't mae this stuff up, I think we are going so much Higher Trump is going boost his own brands and Crypto / Stock markets are just scoreboards for Trump and he loves winning!
 
L-Dog said:
Holding.

Not sure if you have seen but Trump launched his own meme coin (3 days before he takes office ) which now has a market cap of 14 billions.


You can't mae this stuff up, I think we are going so much Higher Trump is going boost his own brands and Crypto / Stock markets are just scoreboards for Trump and he loves winning!
Click to expand...
Yes, I saw that. Hence my question.

Tinfoil hat me thinks Trump is recouping campaign monies and cashing in on the momentum of BTC / Trump pro BTC support.
My crystal ball sees mid-week fall of BTC to low $90's and Trump$ dump will to follow.
 
A3@MBB said:
Yes, I saw that. Hence my question.

Tinfoil hat me thinks Trump is recouping campaign monies and cashing in on the momentum of BTC / Trump pro BTC support.
My crystal ball sees mid-week fall of BTC to low $90's and Trump$ dump will to follow.
Click to expand...

I highly doubt that but not impossible, Trump is here for the long term (2-4 years) if he cashes out it will be way higher
 
The response was on point.

I would have added that "currency" evolves.
Hundreds / thousands of years ago, currency was whatever you could trade, meat, veg, crops, etc.
Then Gold and silver became the standard currency.
Then respective coins and notes, which carried a value backed by gold.
This even evolved into "plastic" with Credit cards and Debit cards, which again have evolved into contactless payments (obviously backed by currency value)...
All these systems have evolved from the predecessor.

In my opinion, this is exactly what crypto is / will become.
Granted there are several types of Crypto, the 2 most well known being Utility and meme's.
Trade memes if you're in it to make some short term money/wealth.
Buy and hodl Utility Crypto if you want to generate, generational wealth.
 
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NarrowBandFtw said:
so today's BS random explanation for the dip is the classic: "long liquidations"

liquidations of $770m across the entire crypto space apparently can move a $3.5 trillion market

s-u-r-e ... S-U-R-E

edit: no wait, now it is Chinese AI's fault
www.coindesk.com

Crypto Daybook Americas: China's DeepSeek Sends Bitcoin (BTC) Price, AI Tokens, Stocks Tumbling

The day ahead in crypto: Jan. 27, 2025
www.coindesk.com www.coindesk.com

ffs why don't they just write: "we have no f-ing idea, soz"
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BTC doing what BTC does... no explanation needed...
 
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