BTC : Where is the bottom?

The Tether scam hasn't even imploded yet. It will at some point. Maybe after that it'll be time to get in.

1655631349093.png
 
bromster said:
So if any company in the world posts a nett loss for a financial year, do they all just throw their hands up in the air and immediately liquidate the company and give up on their entire business model?

Come on.
Click to expand...

not any company, it depends on the industry, leveraging, control over the price and many other factors

nevertheless, many fracking companies closed business when oil crashed, many mining companies also close operations when gold or the platinum price drops, so yes thats exactly what they do, liquidate and give up

I am not stating my opinion, the issue of a price floor has been brought up before.

cointelegraph.com

Bitcoin miners can take fresh 20% BTC price hit before capitulating, data shows

Bitcoin miners likely have no incentive to sell BTC at prices above $34,000, data reveals.
cointelegraph.com cointelegraph.com
 
saturnz said:
not any company, it depends on the industry, leveraging, control over the price and many other factors

nevertheless, many fracking companies closed business when oil crashed, many mining companies also close operations when gold or the platinum price drops, so yes thats exactly what they do, liquidate and give up

I am not stating my opinion, the issue of a price floor has been brought up before.

cointelegraph.com

Bitcoin miners can take fresh 20% BTC price hit before capitulating, data shows

Bitcoin miners likely have no incentive to sell BTC at prices above $34,000, data reveals.
cointelegraph.com cointelegraph.com
Click to expand...
Any miners worth their salt would have a sub $10k liquidation level. Most sub $1000.

Hash rate would likely fall if we capitulate, but they'll be back. They always come back. Look at the China ban. Hash rate was back at ATH within a few months of people literally uprooting their entire operation and moving to a new country.

I can't wait until we have mining rigs running off excess production at geothermal plants and oil fields though. We can finally put all these unpredictable overheads behind us.
 
bromster said:
So if any company in the world posts a nett loss for a financial year, do they all just throw their hands up in the air and immediately liquidate the company and give up on their entire business model?

Come on.
Click to expand...

If you can get [infinite] loans you can be saa, but if you can't get a loan/capital injection/buyout to service your debt/expenses then you eventually fold like comair.
 
Pixies said:
Not at all. If you can explain how they are independent, be my guest.
It's not all blockchain, regardless, it's DLT if you have to be petty.
Click to expand...
Your statement "it's going to go further and be integrated into government..." means something quite different if you're referring specifically to BTC or whether you're referring to crypto/ blockchain. Are you referring to the technology or a very specific thing built with that technology.
 
I've never really been into crypto - but I will be working in this space from July - I wonder if I should perhaps buy some BTC - on topic though - it seems its on an upwards trend now.
 
That brief break through 20k is likely the last sub 20k btc price in our lifetime
 
Snyper564 said:
That brief break through 20k is likely the last sub 20k btc price in our lifetime
Click to expand...
Ballsy claim in the face of a recession. You might be right, but I think we'll have a few more opportunities this year.

I've been waiting for 10k, but the fundamentals are becoming so strong, if this happens it will likely only be for a day or 2 if the economy really falls apart.

I really hope we break below 16.5k again. I'll be loading up hard on BTC and ETH
 
The thing for me that has become clear the last few years

Btc , just follows the market

Nobody buys the digital gold/limited supply narrative

Whatever the s&p500 does btc is a parrot and does the same

Here and there you may find a manipulation spike but on avg it is just another traders toy mimicking rest of the market
 
Pump today from an old Gary gensler video saying 75% of crypto isn't a security.

Dump today as government and Mt Gox coins start moving.

This market is gonna leave people with some serious PTSD
 
If ever satoshi coins move , it will get real interesting

After the 2017/2018 spike

That massive dip was brought on by 6000 btc of mt.gox being dumped

The market lost $2B market cap thanks to $0.096B coins being dumped

Market cap is a useless metric

Satoshi own over 1m coins

But logic would say if he cashes out it would be tiny amount

No sane person would destroy the market cap, like mt.gox trustee did it with a market sell

Still wonder if he had a short personally , and just used the trustee position to capitalise
 
bromster said:
Dump today as government and Mt Gox coins start moving.

This market is gonna leave people with some serious PTSD
Click to expand...
Turns out it's fake news. Glassnode confirmed nothing has moved from the wallets. It shows how much the market is leveraged. Absolute degenerates.

That was a hell of a ride. I was on a good winning streak until that carnage.

https://twitter.com/x/status/1651328114549755904
 
Seems like a lucrative model if you have lots of coins

Place a short

Make a big move of coins to exchange, profit

Later move deposit back to own wallet , rinse repeat at a later stage
 
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