Every time the price starts to recover lately and seem on the verge of a breakout, some assholes market dump a large amount of Bitcoin. The price action is so unorganic. From $115,400 to $112,400 (and going lower) in 1H Darth Maul candle.
There is neither enough time nor distance from the top in order to proclaim that anything happening now has the appearance of being less organic than it ever has.
It seems to me that nearly every single time that many of us had been so depressed about consolidation and had been screaming manipulation, then sooner or later it cannt be manipulated any more.. meaning that the price cannot be kept down anymore meaning that the longer that bitcoin exists, the more extreme the manipulation has to get in order to shake the weakhands from the trees, since there are fewer and fewer and fewer willing to sell.
I'll believe it when it happens rather than a mere 22 days after our last ATH - that is merely a blip on the radar and you seem to be just arguing what you want to see rather than reality.. which reality is that this time is no different than previous times where we had some level of pausening and/or fake out before the run.. it is just that they have to look different and/or more severe or to amp up the rhetoric (aka fud) in order to try to make them more believable.
Such a captured asset this year, its upsetting, all whilst Gold ripped to huge all time highs (now correcting) and stocks have been hitting all time highs every day seemingly, including today. Bitcoin is so weak, where are the bulls, where are the buyers?
Gosh you are pathetic !!!!!
I cannot wait to take your 100k satoshis... You really deserve it, this time.
#nohomo.~
~Of course that is an extreme example but all throughout history those in positions of power use false flags all the time to push agendas of control.
Your example is not extreme, and there are still more things to happen that are not being discussed.
Maybe they've even taken control, and they're just waiting for the right time to announce it.
that would be an exaggerated example.
You can believe whatever you like in regards to the extent to which you believe anyone controls bitcoin, or they would like to create the impression that they control it and/or they would like to try to control it... and also you can figure out how much to invest into bitcoin based on your own presumptions that may or may not be correct and have fun staying poor if you are failing/refusing to recognize the paradigm changing nature of bitcoin and at the same time wanting to plug it into known categories so you can come to simple and lame-ass explanations in regards to what you believe bitcoin to be, how it got to where it is and where you believe it might be going.
But how so? Just because I expressed my opinion, I don't believe in his potential? If this fork really happens in 2027 as he proposes, nothing will change in I believe in its potential, I just believe it should be focused on security and value transfer. Since BRC20 I already think so, and I haven't changed my opinion about its potential., and I still say again, 'it's better for me to go fishing than to be reflecting bullshit,...
but what about you, do you think it closes October above or below 114079?
I doubt that it matters very much what I think - yet since you are asking, I will see if I can come up with something which might reflect how I try to tend to think which is that none of us has hardly any clue regarding which way the BTC price is going to go in any short-term timeframe, even if we have momentum, the momentum can change fairly quickly even when it seems that it is largely unstoppable - so why does it matter that it went shooting up a wee bit more than 10% exactly on October 1, hits an ATH of $126,272 on October 6th and then went through some various extreme corrections of slightly less than 20% while then recovering to largely put us in and around the smae price that we started the month?
To the extent that we are (or at least I believe) that we remain in a bullmarket, then the odds for UP have to remain slightly hgher than the odds for down, even though for short-to-medium periods of time we might end up getting stuck in a pattern that seems to be opposite the market that we are in.. so yeah, we have been in a bullmarket since November 20222, while not necessarily realizing that we were in a bullmarket and at the same time sometimes appearing that we were not and that we had fallen out of such bull market. Why would now be any different merely because some bitcoiners are more anxiously thinking that bitcoin is on some kind of a schedule? There is even more of a motivation to fake guys out of their coins and cause them to believe the top is in when so many believe that the price has to go up on some klnd of a schedule.
There is a lot of leverage that gets liquidated if we fall back to $112K and that is also where the CME gap is... So I think it is safe to say we need to dip and remove those leveraged longs before the next leg up... Hopefully a massive leg up to short squeeze everyone at $125K.
With Polymarket now showing a 53% chance that we hit $130K by the end of the year and being found to be 95% accurate a month out... One last rally to a new ATH seems more likely than not at this point.
So thats done
Yup.
The market around Bitcoin has matured to the point where the only way it doesnt fill these CME gaps are if we absolutely rocket to the moon or have a massive crash on a weekend. There are just too many options trading for these little gaps to not fill. Looking at the heat map of leverage, it was beyond obvious that we would revisit this level.
Polymarket now showing 48% odds of reaching $130K. Truly showing how split the market is on whether or not we will see one last high this cycle.
Even though bitcoin's market is more infiltrated by traditional market manipulators and otherwise financial players, I doubt that bitcoin is even close to mature as an asset, and therefore its market is not likely to even be close to mature, either.
In other words, all kinds of surprises could happen, even though such surprises do not have to happen.
Why NVDA gap never closed?
...it got options, lol.
You may say that it is likely, but there are no guarantees.
In fact, if tomorrow (or the day after) US would announced that it revalued gold and purchased $10bil worth of btc with value from that certificate, THAT gap would never close, imho.
Just off the top of my head, there are gaps at $9,000 and $92,000 that havent filled.
By the way the current one isnt fully closed until $111,000 so we are probably going lower.
You sound
way "too sophisticated" to be correct.
Just saying.
I am not talking my book.
I am not talking my book.
I am not talking my book.By the way, if you are saying that there is a CME gap at $9k that has not gotten filled yet.. you are largely arguing against yourself, since there is no fucking way that is getting filled.
Let me see?
I could probably even give you odds on that one.
stupid captcha ...
OT: NVDA is almost 5 tril $$ market cap.
What next? 10 tril or 1 tril?
6 or 7 tril
Not too many shits given, either way.,. .. including that there surely is a bit of a distortion when it is measured against an ongoingly debasing dollar.
Hey bros just checking in.
My apologies for not scanning back. Just gonna drop a comment.
And Jay, youre gonna be proud of me. Its totally bitcoin related and not some stupid off topic asshat remark.
So Im watching all the financial advice vids in my retirement, because of course I am. I even found a couple of new ones covering bitcoin,
which were surprisingly informative and accurate. I guess the rational financial community is finally coming around when it comes to bitcoin.
My only complaint is like you Jay, I get pissed when the term crypto is conflated with bitcoin.
Anyway this Warren Buffet quote hit me..
Business schools reward complex behavior but simple behavior is more effective. If you cant explain in 30 seconds what you are investing in, you probably shouldnt own it.
Yep. it is difficult to have some kinds of lines that are straight forward in regards to what is bitcoin and why bitcoin.. even though it seems regularly there are various memes that circulate around that seem to capture various contradictions and why bitcoin, perhaps recent memes dealing debasement - but yeah, it is not easy and some explanations do not sink in for people, which might be part of the reason why historically so many bitcoiners started their explanation with digital gold and a better version of gold.. yet of course, bitcoin is not so concrete and so part of the value of money might be that it does not need to be physical like gold is - yet people are not going to automatically "get it," which might be part of the reason that Buffet is going to have fun staying poor in regards to his bitcoin perspective, even though he surely has been quite influencial in fundamental analysis circles
I thought about that. And to be honest, Im not sure I can explain bitcoin in 30 seconds to a newbie investor without said investor thinking Im delusional.
When people cannot relate their eyes glaze over so they might not really "get it" in an intuitive kind of a way... so it can be difficult to know if there might be some explanation solution(s).
I keep my mouth shut these days irl when it comes to bitcoin.
Can anyone in this here famous thread do it in thirty seconds for all the normie, phone swiping, no coiners out there who don't have a financial clue and lurk on this here famous thread??
Because I sure as hell cant.
Yep. It is a good challenge to figure out some generic ways to explain bitcoin, since it seems that many times to explain bitcoin we have to get some assessments regarding the existing knowledge and/or experiences of our given audience... in order to figure out what might resonate in terms of the ongoing loss of purchasing power of the currencies that are controlled by various central players who tend to end up abusing their trust - as Satoshi had identified that abuse of trust as a motivator for his creating, inventing, discovering bitcoin.
but anyway
GO BITCOIN
Yep. Go dee cornz.
