Right before my hard drive wend south I was experimenting with higher fees...  As I have said a few times I kind of want to just break even.  Though now that is laughable considering it means making a couple hundred million sats...  

But as I was saying, I had jacked the fees up a little.  and oddly, my routing was going up.  I have not yet been able to figure out how it works. Lol.  Not sure I will at this point.  On the other hand, I DO think I will know how both LND and CL can be recovered from backups... we will see.

Yes, sell all your bitcoins while still >20k and buy them back at 10k.

With regards to Celsius, I don't see the logic here. If they trade against their customers and sell customers' bitcoins to suppress price, they must hold gigantic short possition which is not possible to close on the market without causing dramatic rise in price. So, they want to confiscate customer bitcoins by liquidating customer long positions at 16k. Is that the case?

Also.. as much as I wanted this to be the bottom... I sure don't think it is acting like it is.  I want it to be V shaped.  It wants to be a dead cat.

The situation we are in is interesting.

1.  The world financial system is being demolished.  On purpose.  The boomers are either locking in their gains or giving them back, depending on their IQ.  What we are currently seeing is the USD is being made the safest place to hold value.  But it is also being massively inflated.  There are no other exit doors in the plan.  Eventually as the noose tightens value will be safe nowhere, and we will have to all fall into the loving arms of the state.  But... Bitcoin.

2.  And yet the world has, for the most part, NOT realized what bitcoin is.  That it is the only exit door out of the system as it crashes.  Some have realized, albeit early enough (too early, sort of) that we are having to go through this.  As people DO realize they will be buying for sure.  But right now BTC is just a tech stock.  And it is still risk.  It's going down with all the other risk ships.

3.  Price will equalize SOMEWHERE.  Because there ARE enough people realizing that Bitcoin is a possible safe haven that as the price drops, the very most enlightened of the herd are going to come trickling in.

We are currently sitting at what I thought was the worse case scenario, and not bouncing...  oh well. 

Thing is, we will...  that old saying about darkest before the dawn?  Seems pretty dark to me.

My thoughts exactly! I've been thinking for the last several years what is in the mind of leverage/margin traders. We know that they can't win this game, but they don't. So probably they are quite nervous, easily irritated, harboring suicidal thoughts which exacerbate each bull run, seeing how much they would have got by just hodling instead of trading. And here it is - a perfect example for that. Even his nickname shows the devastating effect of the leverage trading on the human mind. So, let him rant and spam, this is a good lesson to the newbies.

I would say, bottom is in.

- Price touching 200 WMA.
- RSI Below 40.
- Hash Ribbon gave Capitulation signal
- Bitcoin Rainbow Chart says "Basically on Fire Scale!"

Why just 66% down and not 70-80% like previous cycles?
Because of COVID 2020 crash, BTC was not able to reach it's potential ATH.

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P.S.: I am all-in.

I think at this point everyone can see price puking down below 2017 highs, with the global backdrop and all the shitcoins scams coming undone its obvious right? Maybe that means that it doesn't puke though, maybe we've all sold what we are willing to sell already. One can dream anyway.

Personally, I think we are going lower, as the Fed is not willing to back down yet. They should be though because if they don't Japan and EU central banks are fucked. The more the Fed tightens the worse it is for the rest of the globe. A reserve currency can be a bitch like that.

Peter thinks Bitcoin will go to $13,000, that's another $9,000 drop from here.

Thanks for this cut & dry analysis

$22,184 as per CMC at this time



We need to keep up the $20k barrier at any cost so make sure you invest with whatever amount you can now is the time WO and bitcoin brothers then we will have some pizza celebration afterwards smashing the bears in the face