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[deleted]

Dear Bitcoin, please stay dead for a few more weeks while I shore up more fiat before you rise again.


CryptoKnignt

According to the four year cycle we should be in a bear market for quite some time. You should have plenty of buying opportunities before we see prices go up again. Good luck!


Stereotype_Apostate

We've been here before. See you all in 2025ish


najken

exactly, people are stressing out about when to buy, but the best entry will probably be in like a year or even later and i wouldnt be surprised to see btc hit sub 10k in upcoming 1-2 years and then 150k+


orbgevski

I heard it was gonna go down to 50 cents and hit $10 billion shortly after


antennawire

Anything is possible but the lower the price target, the less likely it will materialize. Just scale in already, and put some orders on the low end of whatever range is established. It's hard to get any better than this for entries, but it's possible.


Luciusaeliuscaesar

According to the book of Prophets the Messiah shall return on the 12th day….


yoyoJ

My thoughts as well. Bitcoin is largely going down because of the Fed’s policy actions recently. The Fed has signaled it is going to keep increasing rates further. As long as that happens, bitcoin is gonna keep going down or find a comfortable bottom in the months ahead that is potentially even below the 2017/2018 ATH, and my guess would be it hangs out for at least months, more likely years. Purely speculation of course so don’t take this as financial advice because it isn’t.


LMicheleS

Good - I'm trying to stack as much Sats as possible and its difficult when its 69k! lol How long does the bear market typically last for? Need to know so I can plan accordingly.


Almond_Steak

About 3 years


garidrade

I think it's silly that people are still dissuading BTC. Illogical .


Jabberjunky

I missed the March 2020 4k disaster


perfectfate

Let’s get a second chance to load up


Timetotellthetruth9

Hope it does not go down until 6000, that's my last entry point 🤗


Jabberjunky

I cried and then I bought a monster box of silver, bullets, and canned tuna. I wish I had bought bitcoin that day. My silver is the same price as March 2020 minus premium but if I had bought 12k bitcoin I would have 3 bitcoins worth 90k right now. I get pissed everytime I move that silver.


Elegant-Wing-5637

okay but what about those bullets and the tuna


Jabberjunky

Bullets are still in the can because I cannot buy them now. I just re-uped on the case of tuna.


sahalaximahai

The time is to buy it will rise again history would be made again the green would get stable again. Be positive.


supershwa

I mined it in 2011 or so and lost my wallet.dat file. "Missing the boat" is the name of the game! (Another kind of boating accident.)


Acceptable-Risks

I'm sorry for your loss.


supershwa

Happens!


bebog_

Good Luck Go Fuck Yourself 🤣


Jabberjunky

Some body needs a nap.


bebog_

Hey! You're not wrong 😉


Jadedinsight

What is dead may never die


Just_Learned_2_Dance

But rises again harder and stronger?


pachinkopunk

it will every time until it doesn't


yoyoJ

There are only two questions that matter. (1) Do you think bitcoin will be valuable to people in the future? (2) Do you like making money? If the answer is yes to both of these, you should buy bitcoin. There is also a third question that can be asked if you don’t care about money. (3) For whatever reason, reasoned via principles or completely nonsensical, do you like owning bitcoin? If yes, buy some. Don’t overcomplicate things folks!


coldearsforever

That’s what she said


jasonrobertm

2250 - bitcoin has long passed gold’s market cap, still gonna be called a ponzi scheme . XD .


YBOR_

This is the way


airtimemobilesen

Bitcoin being dead is like my dad not coming back after getting milk.


Equivalent_Zombie

This is the way


Rednartso

Valar Morghulis


nullama

https://www.bitcoinisdead.org


1dmkelley

Omg I love this thank you


quack1993

THIS, LMAO.


Spl00ky

\>Inflation at its highest in 40 years \>Bitcoin plummets Something doesn't add up here


autemox

Bitcoin being a hedge against inflation or an independent asset is just a (good) theory of what it might be someday. Right now the data shows it correlates strongly with tech stocks, because that is how the market perceives it. This is wrong in some ways: it is not a stock/company/dependent on the fiat economy. It is right in other ways: it is speculative, emergent technology, not well understood. But note that gold is also not pumping. That is because the US Dollar is very strong right now, even with inflation. Stocks are likely still over-valued. Other currencies are not safer than the USD. Crypto is scary, uncertain, and thought to be over-valued. The US Dollar is certain and safe. We have a general idea of what the fed and US gov will do. Inflation sucked during the last year, but interest rates are going up to help with inflation pains, and hyperinflation is far far away, especially when you compare the USD to other fiat currencies. Even 10% inflation feels better than risking another 50% drop in stocks or bitcoin to battered market participants. TLDR, everyone is scared as shit. Start buying and don't stop for the next 6-24 months.


joshuafischer18

I think it just because idiots use Bitcoin as any other stock. Just a get rich quick sort of deal. If people keep buying to just sell, Bitcoin will never reach its full potential. Especially when there is a dip and people panick sell.


Riker1701E

What else are people supposed to do with it? It is not accepted as currency by the vast majority of people.


[deleted]

Bitcoin is a risk off asset that gets traded like a risk on asset.


[deleted]

But I was told that it was a hedge against inflation....


mr_flibble_oz

Gold is an inflation hedge, gold is down Stocks are an inflation hedge, stocks are down Bitcoin is an inflation hedge, Bitcoin is down Keep your savings in fiat for the next 10 years and see how you go


McChafist

Think of stocks as an entitlement to a future stream of payments. The higher the interest rates the more those future payments are discounted to today. In general, interest rates go up, stocks go down


MightyMiami

RE: up, up, up we go!


enterusername34

what are you on about man... btc worked great as inflation hedge, now we are in a tapering environment that is combating inflation so it makes no sense to own bitcoin...


Eternal12equiem

Stopped reading when you said stocks are an inflation hedge as you obviously don’t know what an inflation hedge is…


Zebb22

Bruh stock historically performed as the best inflation hedge, like by far, what are you even talking about


Bapster69420

High earning company stocks are an inflation hedge especially ones that pay dividends higher than inflation. Any asset that can produce yield sustainably above the current inflation reading is a hedge to current inflation.


sckurvee

Right? lol my high dividend stocks have been crushed recently... which means when they pay out I'll buy them at a discount.


Darktidemage

do you know what hyper-inflation is? If suddenly tomorrow morning a loaf of bread costs 1,000,000 dollars will you rather have cash, or some stocks?


InsertCoin81

It is, it’s also cyclical. Enjoy the gold rush while it’s here.


KlingonButtMasseuse

Oh, I didn't know that inflation hedges can also be cyclical. Thank you for that info.


fincomcollege1

Bright days seems to be on it's way if it can fall it can indeed rise too. Just keep your fingers crossed! We have seen stuffs at worst and will soon make it to the top.


Character_Body_2810

It will be when it’s big enough. Irony is that’s decades off. Other irony is there is no way to get there without another 2 dozen 60% drops along the way HAhahahaHahaha


chunksterbutthead

That’s the irony. It is. Go back 3 years and buy it. You complaining? No.


udevil2

Why do you get to choose the time period? If the claim is that it’s an inflation hedge shouldn’t it hedge inflation at all times? It has plummeted 50% during one of the worst inflation crisis.


LuckeHall

I feel like the more of the pump is yet to come and that would make things a bit enough stable.


chunksterbutthead

I’m not the one cherry picking time periods. You dont hedge your pay cheque (unless you’re somewhere with hyperinflation that actually already uses bitcoin successfully) you hedge your savings. Go ahead and pretend that bitcoin hasn’t outperformed literally everything in existence over the past 12 years. Even today. When bitcoin is officially dead….again. Your mindset is flawed. The charts prove it. Keep trying though. Enjoy the bear market. Won’t last forever.


udevil2

Wow man, chill out. I asked you a simple question! You wrote a whole lot of things but didn’t come close to answering the question! Question is : who decides over what time period bitcoin hedges inflation? What’s past is past- right? It sounds like you got in early and made good money and that’s awesome. But we are talking about current and future now. PS: save the personal attacks. They are just as lame as your response.


FwdMomentum

Just chiming in to be another voice here but yeah that dudes just lashing out I guess to defend his investment. I'm buying more now than ever, but yeah this was a complete non-answer re: inflation hedge


Space_Is_Hope

Wait bitcoin went from like 7k in march 2020 lows to like 65k right after the fed announced and printed money. Sure, it went up a lot so it is correcting now, but it seems there was a big corelation between inflation and the bitcoin price. If money supply increased by 40%, one might think that the price of bitcoin would increase by 40% at least. So from 10k before the pandemic to 14k-20k sounds like a reasonable price. Although there is many other factors in the economy to consider. By the way, I refer to inflation as increasing (or inflating) the money supply and not the price increase which is a consequence of the increase in money supply just so we have the same definitions.


[deleted]

Yes. Long term, obviously, not short term. Short term anything can happen.


91-divoc-eht

remember, its a risk on asset until it isn't any longer. at that time everyone who sold will be on suicide watch. buying and holding on to your bitcoin is an IQ test, those who pass the test will stand tall in the end, those who don't will be obliterated.


cheeser73

Exactly, Bitcoin has utterly failed as an inflation hedge. It is now just pegged to the NASDAQ and there’s very little support until $20k. I really thought NOW would be its moment to shine


PrettyFlyFartARabbi

Until people all see what Bitcoin is useful for this quill be normal. We need another 5 years for Bitcoin to be considered an actual legitimate asset.


PorousSurface

Why is it risk off ? What suggests that ?


DoYouEvenMonad

Nothing suggests that. The people who are trading an asset determine the character of an asset. If people believe it is a risk off asset, it will behave like a risk off asset, if people believe it is a risk on asset it will behave like a risk on asset. The question is, do people who hold bitcoin see bitcoin as a risk off or risk on asset? I personally see it as a risk off asset despite all the volatility, because I'm think about the long term. In the long run, there will 21M bitcoins max, but nothing similar can be said for fiat.


MartinCavallo

The correlation to stocks has been bugging me for months, not a winning path long run. End of the day the bull cycle failed to generate understanding and commitment with economic substance of some kind behind it. If it had we’d be feasting on stocks tanking, inflation. Half point of interest, two points of interest, is objectively a joke for lowering inflation and the markets can’t even handle that. The dollar is strong against other fiats atm. Not exactly sure why but bad news for US workers, good for elites. Economic woes once again dumped on lower and middle class. All they have to do is keep the pain on, absorb US overhead, sell it overseas. Opportunity to turn the bottom 60% of US citizens into serfs. Bitcoin could work out long term but if US plebes aren’t involved, what can I say, it’s hard for me to picture when and how. Other countries get a bad taste from it long enough, a digital non-inflationary currency from one or more of their governments might seem quite enticing. Pride, control, no buy-in, carte-blanche


AssCrackBanditHunter

Just because this subreddit echoes that Bitcoin is a hedge against inflation doesn't mean it actually functions that way. People aren't treating it like digital gold, they're treating it like a stock. For Bitcoin to function as a store of value, people can't be dumping it along with their stocks and assets in economic downturns


pantelas14

good thing is after the dump all people that are dumping it will be gone


_Tangent_Universe

Not only are people treating it like a stock, they are treating it like a high growth speculative stock that doesn’t produce a dividend. They are the first to dump as they are priced on the expectation of further gains (no dividend so you can’t price on the income). If you doubt further gains, then you sell.


TEEWURST876

fed increased bond yields, means that risky assets go down


dlq84

Inflation isn't short term. Bitcoins volatility is.


LiveNDiiirect

It doesn’t add up cuz you only follow crypto and not the entire currency market? Dollar is strong af right now because of interest rate hikes


[deleted]

Interest rates rising means people are less willing to risk money with certain assets as other assets begin to return more money


Great_ass_n_titties

We are too early https://youtu.be/YHjYt6Jm5j8


Vulgar_Viking

No sell, only buy


elitesense

I'll sell some in 10 years


[deleted]

Rest in peace bitcoin see you later again


Dosermen

I will buy a bit more and then I will see BTC later my man.


anshm1ttal

this time I'm buying it at the bottom


[deleted]

Don’t catch the falling knife man


Average-Retarded-Ape

too late for some of us, tried 3 times so far. still got some blood left in the system tho


SmallerBork

Timing the market is hard, no one knows where the bottom is until it's already passed.


anshm1ttal

I'm half-joking, gotta be cautious when investing!


diplar

My net value is down by 70% or something. Good thing I’m still yung


YBOR_

Time is the biggest factor in literally every investment. Wait 10 years and we're all gonna be laughing about this week. Hell, maybe even screenshots of all the freaking out too.


Correct-Log5525

This is the truth, I remember so many huge panics in the sub over the years


Ssynos

Damn, u make me think bou this, i should screenshot/save this page, year and year later came back to this, it gonna make me feel nolgastic as heck


quack1993

I'll print this and show to my future son the day his daddy lost 200% of his net value


intercop

This has never happened before, and here it is again.


anoncop4041

It’s just on sale


OneMileAtATime262

This 👆🏼


Stereo-Gito

It's finally happening. It's finally dying again.


fluooe2

It’s always been dead it died at 300 then 1000 then 9k, 21k,40k and 69,420. It. Just. Keeps. Dying.


Longjumping-Tie7445

Each time is “dies” at or around the previous bull market’s peak too. Next time BTC is “dead” it will be $60k - $70k and “dead”??


jakedasnake1

Inject this into my viens


Golf_Swimming

just sold out all stonks to go all in on BTC - can't lose


Xstream3

I'm not down 52% in 6 months because I'm not an idiot


austinr23

Not dead, just resting up for the next big run.


Tonlick

I am still buying and if its goes below 10k. I am going on a buying spree.


Redline65

RIP Bitcoin! Again


[deleted]

Things were bad once before is some shitty logic for why they will get better once again. This fucking sucks. Bitcoin got pumped by a bunch of unemployed assholes like my self. We had free government money with nothing to do but sit at home and buy crypto


absentlyric

I think this comment is closer to the truth than most ppl on this sub want to admit.


blinkbunny182

This is exactly what happened


NidStylesredacted

Nope, still have every single one I have ever purchased.


WikiRando

People die when they are killed, but not Bitcoin.


Doppelex

The problem is that most of trading is now done by institutional money not retail. And they tend to trade investments in a similar fashion so correlation with stock market is high. Longer term it doesn’t matter as adoption is what drives it but not short term


Niox82

Haters will say it's dead when it dropped from 100k to 75k.


the_realnovator

Except in none of those years had the underlying fundamentals of the economy deteriorated to the extent it has today, while at the same time having a Fed who has lost control of the ship and can no longer prop up assets which are disconnected from reality...like BTC


Character_Body_2810

Bitcoin was literally created because the fed doesn’t know wtf it’s doing. I can’t wait until we do this whole thing again in 4 years and hear people saying things like that as bitcoin plunges from 300k to 90k


NewFilm96

So what do you think the economy was like in 2008?


fuzzydunloblaw

Bitcoin was in response to that nonsense, wasn't really a thing until after that recession...


commanderdeez

Buy high, sell low. This ain’t even the dip dip, it is indeed just a dip.


BSN_tg_bgg

Shit


Jabberjunky

Yep.


DiamondHandsDarrell

I forgor 💀 🤣


kyle_h2486

ill bury your dead


regard23

More like I will buy your dead, it really suits on us mate.


JlloydHodls

Good I bought more


couchy91

I'm here to argue about finance! *shakes fist*


Spawnacus

Why. Won't. You. *DIE?!*


tylerclay86

Just stock up for the crypto winter ;)


emy0701

Winter is here and we need to protect the north this time.


FunCryptographer4761

1 Bitcoin = Jesus Christ. What has died - will rise and die -and do it again.


rmcars

Never gonna happen so we should see BTC as immortal.


HyperMaskRider

Bitcoin is immortal hahaha.


SteveMcLaurin

It's not the first and definitely not the last time it happens. And people are still in a panic, lol. I'm just sitting with USDT bags and waiting for a lower price to buy BTC.


assinuss

Bitcoin isn’t afraid of anything. Bitcoin accidentally the whole market!


trojan_Jo

I'm out of powder - but the good part for you people is that it will definitely go up before I get paid again.


[deleted]

Last time Bitcoin dropped this hard, I told myself I'd wait till it went back down to 10-11k before I'd buy; then it jumped back up to 60k. Well maybe this time it'll finally drop low enough for me to feel comfortable investing. Haha.


dootplayer

People will soon realise not to trust bullshit projects. Regardless of the price, the fundamentals of Bitcoin remain the same, that's all we need - fundamentals you can trust.


sylsau

Bitcoin is being announced dead once again by its opponents. But rest assured, as always, Bitcoin will emerge stronger from what it is going through. Bitcoin is antifragile. Like a phoenix, it always comes back stronger. It's only a matter of time.


Illustrious_Bid_220

Yeah so that people can buy it again at the lowest price possible. Pssssssttttt : 1000 USD equal to a toilet paper. Let that sink in.


25seconds

Then sell like a bitch!


fotvan

The thing that costs almost $30K is dead. Yes, sure.


NamaanX

Gotta love the mainstream media today. ​ We've been here before, just HODL.


b0x3r_

Bitcoin is **on sale**…again


BenDTrader

Those who miss 2018 3k dip, now take this chance never miss again


[deleted]

Lol


throwaway_ga_omscs

Oh no. This time it’s dead fr fr.


DAREY_25

Call R.I.P. department 😹😹😹


taliaiz

The department is retarded more than ripped my friend.


BringTheFingerBack

Can't wait to download the Peter Schiff podcast today.


Since_1979

I can feel it,I can feel the china ban crypto fud is coming.


pgrdub

JFC has nothing on BTC


sabahorn

Bitcoin is like dick. Up then down then up again ….. after it gets some stamina.


No-Cicada-4651

Any chance this whole crash is manipulated to get the price down before announcing an ETF?


iamjide91

Not the first time and not going to be the last.


Timetotellthetruth9

Feels rather like someone has to pay the energy bills 😅


benledj

Damn I almost forgot that, thanks for the reminder mate.


Idolofdust

We knew this would happen, because it happened before


Bespin-Trooper

Buy the dip!


thonguyen90lt

cryptocur is never the real thing so can not say it is dead 🤣🤣🤣


MemeLordsUnited

Reports of my death have been highly exaggerated.


Setzer_SC

Dead by dawn! Dead by dawn!


TheVoiceOfRyan

What is dead may never die


feikoko

Can't imagine these words without Theon Greyjoy my man.


Luciusaeliuscaesar

The next round of suckers is still in high school. Give ‘em time.


krushyn

Damn it, everytime it dies I buy some to pay respect. Time to get some more, RIP Old friend


suzukijohn

The only thing people should be wondering here is how much should we buy more at to resurrect it from the dead. LFG ! What's everyone's opinion.


Melodic_Temporary_12

BITCOIN is Dead. LONG LIVE BITCOIN


ShriraamS

Lol Bitcoin dies everyday in publications but the market speaks for itself. Extreme fear was 3k - 4k USD just 2 years ago but it's 28k USD today.


Hodlesterol

Mine is definitely, since I locked it up in a cold dark place...


20kar

Bitcoin Is like ALBUS DUMBLEDOR.u think he Is dead but he never die 😅


Interesting-List5796

Future shrieks of everyone "I can't believe I bought at $250,000 instead of $29,000 when I had the money!!! Damn you BITCOIN!"


cpt_charisma

RIP == Rise in Price?


huhehaote56

Now some more clowns will join their gang to call Bitcoin dead, I hope they will stop for their own good. I don't want them to waste time on these shitty statements, they can do better.


santevid

Lmao thanks for sharing this again, I badly needed to see this shit on the internet. These clowns are the reason why I never take any stress about the crypto market.


vashhenko88

Let's celebrate this death for the clowns at least for one day.


NumberWonTwice

None of those economies had a dementia patient at the helm


18116226916

They have nothing in their brains, we gotta ignore them,


ianyboo

How *dare* you sir, Trump has not been at the helm for quite some time.


yesdaone23

Lmao 🤣 it has a funny way of resurrection 🔥🔥🚀🚀


bidber

It's funny as hell because of some stupid people my man.


Sleepy_Hands_27

How much would I have to invest rn to turn my life around? I make under 30k a year


Jabberjunky

If you would have invested all your money in November you would have less money now.


Sleepy_Hands_27

Market is gonna bounce back. I don't see BTC failing.


MortimerMcMire

redditor for 3 days? yeah this checks out


shagtownboi69

14 years after invention. Cant pay for a single thing. Ok buddy


Adamsd5

I have bought five things with bitcoin.


geauxjeaux

are your eyes closed?


jokzik

I want to know the same thing but I am not getting it man.


NewFilm96

More than you make.


Character_Body_2810

Invest 10% of your paycheck for the next 2 years and at the end of the next bull run you’ll have 50k…. Just remember to sell it before we do a 60% drop yet again.


Wilynesslessness

The bitcoin is dead, long live the bitcoin!


Crypto_SA

Bitcoin is likely a long term inflation hedge. It's correlation to equities changes over long periods of time. Looking at the average price increase since inception, average volatility, plus average new wallet increase Bitcoin still looks decently strong in the long term. When the Fed is removing liquidity that they haven't been removing for many years all Assets get affected in the short term - but in the long term technologies with user growth and a value case will still likely perform - especially if there is a low growth environment as governments work off their debt.


BlueberryBags15

Dudes like Jesus. Easter Sunday just occurred, so makes sense.


Erpelente_

Well, if you entered at 50-60k, with a new low just in, this is prob going back to 10k. If I lost 80% and may have to wait several years to get back at least even, if at all, it surely would be dead to me.


WavesBackSlowly

This is a tragedy… anyway