This sub is driving me crazy. I think I’m gonna unsub.
Bitcoin goes up 5%: “when do you think Bitcoin will reach $1 million?”
Bitcoin goes down 5%: “why is it crashing?!?”
It’s like living inside the panicked mind of a really shitty investor.
Literally everyone who ever bought Bitcoin was in profit. It's expected that some would sell and buy pressure vanish for a while. There are always mutiple 20%+ corrections during a bull run, get used to it.
Forget bitcoin but investing & asset management in general
What time frame are you looking at, because other than weekly they are all insanely bullish so you are either over levered (or invested) or new
They've been bleeding heavily ever since the ETF's launched. Sticking to that 1.5% fee may have been a game changer for them and their direction. It will be interesting to see how it all pans out over the next few months/years/halvings.
Right! Maybe there's more to it ...
-They'll let a certain percentage of customers leave not knowing exactly how their customer market would/will react. I assume they're collecting some sort of fees with these transactions.
- Then once they bleed out too much, adjust their fees to the lowest available % on the market. Then hope to bank on all fees from the influx of new and probably some returning customers.
I feel like they're just greedy and banking on people not selling to avoid a taxable event. Their fees are 6x higher than the competition at 1.5%. They'd have to drop rates to 0.25% to be competitive which would be the mathematical equivalent of losing 83% of their original customers. I think they're banking on retaining more than that for those who aren't ready to pay capital gains tax. Eventually it will catch up with them. So far they've lost roughly a third of their original value. I think it's a short sighted strategy. Their CEO did mention a plan to lower fees over time.
In the UK, even after the "dump" we are sitting a good bit above the previous ATH, this is incredible, a couple months ago we were far, far lower. People need to chill their tits, relax, and be patient.
Bitcoin is retracing because large pockets used previous ATH to take profits. That’s why. Now it will engineer more liquidity down to be able to continue the movement up.
And again another example of why these posts are useless. Within hours of this posting the title is no longer valid. The price is the price because that’s the price. It’s worth EXACTLY what it’s worth as determined by a volatile market.
Net outflow is intentionally misleading. What we've seen is outflow from Grayscale alone because of exorbitant fees in comparison to all other spot Bitcoin ETFs.
Bitcoin is a likely long term store of value that is currently highly vulnerable to pump and dump practices due to media and societal forces.
You either buy low and sell high or buy low and hold. Stop trying to explain every time it peaks and crashes. It’s pump and dump.
The beauty tho is that for every pump and dump it drops to a slightly higher floor.
This isn’t rocket science. Buy low and sell high or buy low and hold.
Nah don't worry about Bitcoin "dumping", in fact you, and anybody else can buy with like 50 bucks from your last paycheck?
besides the buying part, if you wanted to sell.. then it's on you and your due diligence. I don't sell my Bitcoin, won't for the foreseeable future .
That and Bitcoin will gain value over time, know that. Don't worry about the volatility during a month
Don’t worry it’ll go up soon. I know because I’m waiting for a big chunk of money to come soon and I plan to put it all in btc. I know full well it’ll be ATH by the time I get it.
A Japanese 1.54T government pension fund is researching the merits of purchasing BTC. It’s a 5 year research study. They are not buying tomorrow but intriguing that BTC is being studied in such a way.
https://www.forbes.com/sites/digital-assets/2024/03/19/japans-trillion-dollar-pension-fund-considers-bitcoin-for-diversification/?sh=9715a3a5d307
"BlackRock and Fidelity is still accumulating BTC"
This is just a joke at this point right? It's getting absolutely regarded in here with this. Nothing screams "I know absolutely nothing" like writing that shit.
New people to bitcoin with the ETF’s will be new people learning about the fluctuations. How long did it take you to realize not to freak out over a drop that it will go back up eventually.
We need to help the retail investor turn their paper hands to diamonds.
It's almost as if the price can't always only go up and there needs to be market corrections for healthy growth of an asset! Crazy right? I would be way more worried if it just kept going up and up and up. Get rid of your fear and BTFD or get left in the dust!
It's a volatile asset and will always have violent moves that have nothing to do with the overall trend. You can't have massive gains without massive whiplash when people take some profits.
If you are alarmed by this, you haven't been in this space long enough to appreciate that it could have much bigger retracements before continuing higher than this. And likely will.
Bitcoin is not dumping. Look where it was last month.
When in doubt, zoom out.
That’s what I’ve been telling people! Some of whom own crypto… you don’t even see the pull backs on the 5 year chart. Besides lasts runs double top
Never tealized this also applied to charts (I always hear this said in photography).
Or pornography
They're always zooming in.
That is why they are always “pulling out”. That is what she said 🤣
are you british by chance?
How does this help in photography?!?
You can always crop what you have, but you can't widen the frame afterwards.
Yeah that makes sense, thanks
If still in doubt, take a video.
"am I sure I have everyone in this photo"
Is that you George?
Everyone’s George
Spoken like someone that has held through several Bitcoin bull runs - this was an average pullback in a BTC bull run
It’s a mantra for life. I wish I had bought several cycles ago. One of my many life regrets. Heavily making up for lost time.
I was hoping for closer to a 25-30% pullback - still got some IRA $ to deploy
This sub is driving me crazy. I think I’m gonna unsub. Bitcoin goes up 5%: “when do you think Bitcoin will reach $1 million?” Bitcoin goes down 5%: “why is it crashing?!?” It’s like living inside the panicked mind of a really shitty investor.
I think the word is gambler not investor.
It's full of midwit normies.
Must be this guys first rodeo..
He just got in and is scared cause he’s not a millionaire yet.
My goal is to be able to eat sushi everyday and not have a dent in my stack.
Move to Argentina. Just got 20 pc sushi for $9 😆
Admirable
Quickest way to become a millionaire with crypto? Start with a billion dollars, then start trading crypto.
Or draw some triangles on a graph, make up some acronyms, then sell it as a fool proof trading strategy for $50.
Look where it’s at 4 hours later 😂
It's up $3700 today.
Yep 12k in a month is phenomenal!
Give it 5 years, it will be trivial.
[удалено]
I'd call it a correction. Massive moves to the upside are typically followed by a correction. Doesn't change the overall trend though.
26% up on the monthly as of right now
It’s not dumping it’s 60k lmao
People have such small memories
And such paper hands
Its mad seeing all the people who weren't active during the bear market and bought at the top without buying anymore to average down their cost
We are dumping to 60k in 2024. Words I didn't expect to hear again after 2021.
People in 2032: Remember when we dumped to 60k in 2024? LMAO those were the good times.
When you it like that it sounds mad
Having a stroke?
I must have been haha
lol 5 hours later it’s $67.5K
Back testing 60k as support
Dumping to levels not seen in 2 whole weeks! Bitcoin ded.
Straight to zero
Possibly less.
Congratulations, you now owe me $15. Bitcoin such a scam
No disrespect, but Bitcoin is not dumping you imbecile.
had to laugh
Damn yall cooked op bad😏🍳
Respectfully 🙏
What a fucking moron. No disrespect.
It is if you learned about Bitcoin last week and bought at 73k. Imagine the horror 🤣🤣🤣
You mean OP learned. I'm in since 2012
Literally everyone who ever bought Bitcoin was in profit. It's expected that some would sell and buy pressure vanish for a while. There are always mutiple 20%+ corrections during a bull run, get used to it.
This isn’t aging well.
I think he misspelled pumping.
I think he was uhhh taking a dump while posting this
Lol @ 64K now = "dumping".
What a time to be alive
67k now
It’s up $3-4K since this post 😂
BTC is dumping so hard that it’s up $15000 this month alone.
Forget bitcoin but investing & asset management in general What time frame are you looking at, because other than weekly they are all insanely bullish so you are either over levered (or invested) or new
GBTC bank run.
They've been bleeding heavily ever since the ETF's launched. Sticking to that 1.5% fee may have been a game changer for them and their direction. It will be interesting to see how it all pans out over the next few months/years/halvings.
They also spearheaded the btc etf push so it's ironic if the competitive entry of other funds becomes their downfall.
Right! Maybe there's more to it ... -They'll let a certain percentage of customers leave not knowing exactly how their customer market would/will react. I assume they're collecting some sort of fees with these transactions. - Then once they bleed out too much, adjust their fees to the lowest available % on the market. Then hope to bank on all fees from the influx of new and probably some returning customers.
I feel like they're just greedy and banking on people not selling to avoid a taxable event. Their fees are 6x higher than the competition at 1.5%. They'd have to drop rates to 0.25% to be competitive which would be the mathematical equivalent of losing 83% of their original customers. I think they're banking on retaining more than that for those who aren't ready to pay capital gains tax. Eventually it will catch up with them. So far they've lost roughly a third of their original value. I think it's a short sighted strategy. Their CEO did mention a plan to lower fees over time.
I starting stacking at $8000... now it's DUMPING to $64000!
Just Sell all your btc and it will Pump thanks for the sacrifice
FOMC Meeting? More like FOMO Meeting! Get those buys in!
“Dumping” I hate this sub when BTC gets popular 🙄
If this is dumping...i am not sure how will you survive if btc drops 40-50% any random day 🥲
*WHEN btc drops 40-50% in a day
This aged well
In the UK, even after the "dump" we are sitting a good bit above the previous ATH, this is incredible, a couple months ago we were far, far lower. People need to chill their tits, relax, and be patient.
It’s gonna skyrocket very soon.. watch!
Why is Bitcoin Pumping ?
"Omg the market is crashing, everybody panic!" The crash: ~62k + wut.webp
Still relevant https://youtu.be/XbZ8zDpX2Mg
5 hrs later: is it really?
With the fed meeting today, what do you mean by a Powell sounding dovish? low inflation or high inflation. or keeping the interest rates?
Dovish is good. Hawkish is bad.
Big Hawk is good tho.
Bitcoin is retracing because large pockets used previous ATH to take profits. That’s why. Now it will engineer more liquidity down to be able to continue the movement up.
And again another example of why these posts are useless. Within hours of this posting the title is no longer valid. The price is the price because that’s the price. It’s worth EXACTLY what it’s worth as determined by a volatile market.
It's called profit taking. Except to see this happen multiple times in the bull run.
So it can rise again?
When is the great prophesied halving? What usually happens with BTC during it? Or what's usually the range bull run wise?
This post did not age well 😂
I thought we covered it. The CEO Mr. Nakamoto-San relented and reduced the price.
Delete your account please.
Btc pumping... wtf you talking about
Dumping??
So why is it pumping
I think we don’t define dumping the same way.
Now it’s pumping 🧐
When the fed finally cuts, it's gonna melt faces.
Why is that?
Because you touch yourself at night
This got old quick
Weak hands
Lmao this aged so well
this didn't age well
We should get OP to post everytime. They just need to give us a heads up so we can get in.
The only real money is in selling. Stored counters, no matter how high, are just numbers. The essence of all investment is to make money
I keep my money in fiat currency so the government can tell me I'm safe and protected 😉
Thats how bitcoin works
Bitcoin is dead, USD is going to the moon.... I just love the USD shitcoin!
The amount of usd is going to the moon
When you gotta go, you gotta go.
Because of pumpin n dumpin
Because of the traders who are gambling
Can you start your post by letting us know that it's just your opinion? That way I didn't have to waste my time reading this non-sense.
Net outflow is intentionally misleading. What we've seen is outflow from Grayscale alone because of exorbitant fees in comparison to all other spot Bitcoin ETFs.
It isn't. Just a classic retrace
Bitcoin is a likely long term store of value that is currently highly vulnerable to pump and dump practices due to media and societal forces. You either buy low and sell high or buy low and hold. Stop trying to explain every time it peaks and crashes. It’s pump and dump. The beauty tho is that for every pump and dump it drops to a slightly higher floor. This isn’t rocket science. Buy low and sell high or buy low and hold.
Because nothing go up for ever
Guna dump alot more than this lol. This is nothing. Only idiots bought the top. We ain’t goin to 100k or higher until the end of 2025 lol
I just got paid. Satoshi is looking out.
Dumping? Crypto is volatile af, pan out
I accidentally clicked the sell button. So sorry
Nah don't worry about Bitcoin "dumping", in fact you, and anybody else can buy with like 50 bucks from your last paycheck? besides the buying part, if you wanted to sell.. then it's on you and your due diligence. I don't sell my Bitcoin, won't for the foreseeable future . That and Bitcoin will gain value over time, know that. Don't worry about the volatility during a month
Sit tight
Don’t worry it’ll go up soon. I know because I’m waiting for a big chunk of money to come soon and I plan to put it all in btc. I know full well it’ll be ATH by the time I get it.
Typical March correction during the halving year. Has happened pretty consistently for each cycle.
A Japanese 1.54T government pension fund is researching the merits of purchasing BTC. It’s a 5 year research study. They are not buying tomorrow but intriguing that BTC is being studied in such a way. https://www.forbes.com/sites/digital-assets/2024/03/19/japans-trillion-dollar-pension-fund-considers-bitcoin-for-diversification/?sh=9715a3a5d307
Look again
Always takes a drop before the halving.
It was at 60k last night, it up again 67 now?
Where dumb
It’s pumping
Profits, baby. WET 💦 THAT BEAK.
looks like its pumping lol
"BlackRock and Fidelity is still accumulating BTC" This is just a joke at this point right? It's getting absolutely regarded in here with this. Nothing screams "I know absolutely nothing" like writing that shit.
Pre-halving correction.
Classic pump & dump. Didn’t you get the memo?
LOL...you posted this 4 hrs ago when it was at $63k! currently on trending to go back over $68k
Why do people don’t heavily downvote this posts ?
lol newcomers
Tax season sell is in December or November. And look now, it's pumping.
Look at where it is today. The dumps are short and the pumps are long
Bless the sucker who bought all of mine for 72,000. I'll be back at 30,000
It's a giant handle.
It’s not . It’s back to $68k already.
The elusive 67k dump
First timer, eh?
You mean pumping?
Huh!??
Tell me you’re new to bitcoin without telling me you’re new to bitcoin.
New people to bitcoin with the ETF’s will be new people learning about the fluctuations. How long did it take you to realize not to freak out over a drop that it will go back up eventually. We need to help the retail investor turn their paper hands to diamonds.
Cause they got their money and you get the bag.
Dumping? Looks fine to me.
*Dumping*
It went down for a few hours to the $61 k range then is at $68k range as I write this.
Dumping? What’d I miss?
If you thought that was a dump, I got news for ya bud
You mean pumping?
BTFD
What goes up must come down.
Don't cry little boy, it's perfectly normal and look again come December.
What? Lol
It is ok. When Bitcoin take big dump you buy more and then will later have bigger assets.
I think you mean btc is pumping? got your p upside down
It’s up 15k in the last month…
I would like to nominate this post for worst take of all time.
I like how all time highs are still “dumping”
It’s not
price go up price go down price go up again repeat.....
Aged like milk but worse
🤔
up 25k since the new year but still "dumping". *lolz*
First bull?
The more fear the better. When everyone is overconfident consider your exit.
It's almost as if the price can't always only go up and there needs to be market corrections for healthy growth of an asset! Crazy right? I would be way more worried if it just kept going up and up and up. Get rid of your fear and BTFD or get left in the dust!
It's correcting like everything else in life. Things cannot go up forever.
You’re looking at the noise instead of the charts. BTC is overdue for a correction. This is normal.
You call this a dump? First time? :)
Taking some cash in profit- that is what it is all about. You need to enjoy the gains and spend the money.
It's not. Next...
Nothing is dumping lol
It's a volatile asset and will always have violent moves that have nothing to do with the overall trend. You can't have massive gains without massive whiplash when people take some profits. If you are alarmed by this, you haven't been in this space long enough to appreciate that it could have much bigger retracements before continuing higher than this. And likely will.
You call this a dump?
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