- Apr 5, 2012
- 4,118
- 5,085
HODL or sell bitcoin? Is it going to zero out?
willypete
Supporter
- Aug 28, 2014
- 5,520
- 10,943
Hodl
- Aug 2, 2008
- 38,876
- 14,890
Just be realistic about where it will go. That’s about it.
It’s a here to stay kind of currency at this point. It has a market cap higher than the GDP of 90% of the countries in the world.
For it to go to zero would be a economic collapse of epic proportions.
It’s a here to stay kind of currency at this point. It has a market cap higher than the GDP of 90% of the countries in the world.
For it to go to zero would be a economic collapse of epic proportions.
- May 9, 2004
- 15,309
- 19,515
- Feb 15, 2008
- 3,530
- 3,207
It's dumping, DUMPING.
You hold a bag! You hold a bag! You hold a bag!
You hold a bag! You hold a bag! You hold a bag!
- Apr 5, 2008
- 46,846
- 105,186
- Aug 6, 2012
- 66,036
- 76,501
Definitely heading to 50k
Last edited:
- Jul 20, 2012
- 5,157
- 6,128
I had some BTC ETFs in my portfolio I’m not DCA into that anymore 
I’ll just collect the divided
I’ll just collect the divided
- Jul 13, 2005
- 36,006
- 27,579
60ish seems like a good floor based on the charts
- Aug 6, 2012
- 66,036
- 76,501
Not if you look at the weekly and monthly chart
- Jul 13, 2005
- 36,006
- 27,579
What you thinking we go down to?
- Aug 6, 2012
- 66,036
- 76,501
Believe we’re headed to 50k at this point.
- Apr 20, 2022
- 2,621
- 5,856
i wonder how this will play out if Epstein was still alive and wasn't incarcerated. hmmm.
- Sep 20, 2014
- 16,533
- 24,216
- Aug 2, 2008
- 38,876
- 14,890
Obviously all the red is a larger structural issue about the economy than it is solely to crypto. Job market, gold, silver, etc. We're headed to a really rough economy coming up based on a lot of indicators. Worst part is we won't know how bad it could get until we're in it because the flow of information about how ****** the U.S. is right now isn't being properly communicated.
But you gotta hope that the market as a whole will start realizing that while cryptocurrency is huge, it will continued to be walled off, and keep hitting ceilings, and having cycles where the draw down is catastrophic until they get rid of the trope that crypto must be untouched and unregulated.
Expecting creators and investors to be the only moral compass on the safety of the market has failed and backfired so many times in crypto. With the Epstein rumors now, that will make the need to get a hold of the Wild West aspect of crypto even larger.
Part of the way to garner true mainstream participation and have it lead to continuous growth, and relative stability is to make significant compromises to lawmakers who hate crypto. You can make those compromises and still have the general nature of what crypto is supposed to be and do. But those compromises lead to outsider confidence, which eventually leads to more widespread and genuine partnerships.
One aspect would be on meme coins, and rug pulls that happen around them where it is one big ponzi scheme. *Cough* Trump *Cough*. Leaders in the space, need to start petitioning for legislation around this.
But until then, electing people who throw out dog whistles to whales and the people who don't know better is not making the market grow, it is just increasing the severity of bear markets, proving negative public opinion and makes market growth so much harder to come by.
But you gotta hope that the market as a whole will start realizing that while cryptocurrency is huge, it will continued to be walled off, and keep hitting ceilings, and having cycles where the draw down is catastrophic until they get rid of the trope that crypto must be untouched and unregulated.
Expecting creators and investors to be the only moral compass on the safety of the market has failed and backfired so many times in crypto. With the Epstein rumors now, that will make the need to get a hold of the Wild West aspect of crypto even larger.
Part of the way to garner true mainstream participation and have it lead to continuous growth, and relative stability is to make significant compromises to lawmakers who hate crypto. You can make those compromises and still have the general nature of what crypto is supposed to be and do. But those compromises lead to outsider confidence, which eventually leads to more widespread and genuine partnerships.
One aspect would be on meme coins, and rug pulls that happen around them where it is one big ponzi scheme. *Cough* Trump *Cough*. Leaders in the space, need to start petitioning for legislation around this.
But until then, electing people who throw out dog whistles to whales and the people who don't know better is not making the market grow, it is just increasing the severity of bear markets, proving negative public opinion and makes market growth so much harder to come by.
- Jan 12, 2013
- 29,103
- 41,990
Something tells me my middleman’s gonna change his usual rate of +10% for converting my Bitcoin into Paypal
- Apr 5, 2012
- 4,118
- 5,085
so HODL? The only thing i have belief in is that the big institutional investor whales keep pouring more money into it and it’s the small dime retail investors that have been selling (and some panic selling). Seems like it’ll bounce again once that cycle passes through
- Aug 24, 2013
- 3,072
- 2,130
Low key wanted it to fall more so I can scoop MSTR even cheaper
- May 9, 2004
- 15,309
- 19,515
It's the opposite
Buy/sell pressure from funds and whales dictates where BTC goes. The rest of us plebs follow accordingly.
Given the consensus is that most alts under performed in the bull I think a lot of retail shifted to trading perps rather then bag holding spot.
Perps trading was also heavily incentivised for retail with the various perp dex airdrop opportunities (HYPE, Aster, Liquid etc)
However even though most alts haven't 5-10x like they did in 2021 most people are still far better off holding spot then getting their account liq'd every 6-8 weeks.
- May 9, 2004
- 15,309
- 19,515
Have a great week guys
- May 9, 2004
- 15,309
- 19,515
- May 20, 2006
- 6,371
- 11,567
What does “true mainstream participation” actually mean or look like in your opinion?
- Aug 2, 2008
- 38,876
- 14,890
That's a long answer that would lead to dozens of back and forths. And none of what I say is accusatory of anyone in here because plenty here know more than I, but I take a different viewpoint about things. One with an extremely political lense of this.
The main point I am making is that Crypto influencers often try to paint any regulation as a bad thing. When it should be embraced. Crypto has historically and continues to be under regulated, that not a single person could accurately tell you where any of this is going outside of a lot of the big market caps won't go to zero with the exception of a catastrophic set of events. Every single bombshell scam or happening about Crypto becomes a broader narrative about the market as a whole. Which screws all of us over.
The lack of consistent regulation, that eases the minds of non-believers but also keeps diehards in the market certainty still puts a cloud on everything. The space has to play ball. This is above the pay grade of anybody here by the way, including me. A good amount needs to be compromised to ensure for steady, and predictable market growth and more widespread legitimacy. As the time goes by, and the market continues to grow, that's when the space can more accurately lobby about what's important to fight for and give up.
There's a saying that I was taught "If everything is important, then nothing is important."
Crypto-influencers have let the tenets of cryptocurrency be so absolute that it washes out all of the late adopters, and lukewarm believers. Those are the people who will carry crypto for all of us regular folk. Not Cathie Wood or Michael Saylor. They're in it regardless. And will stay in until the wheels fall off, spontaneously combust, and then gets run over by a series of 18-wheelers.
If I could adapt it to another debate, it would be the second amendment. The 2A absolutists believe that any regulation of any kind would lead to government tyranny. That there is no exception to what is written in their eyes. Yet we have violent gun crimes at a rate very few other countries have, while being the richest country in the world. The absolutism has a significant harm to the argument of the believers without them realizing it. Bitcoin has a market cap about half of Amazon's and Bitcoin is not even in the same Dimension of even being reputable. It's apples to oranges, sure. But Bitcoin having a market cap bigger than the GDP of 90% of the countries in the world, and viewed as an unstable and risky asset in many circles is a real PR problem.
Ironically, the people who hate crypto in this instance on Capitol Hill, giving in to some of their whimsies without much fight would have a significant long-term benefit.
Instead a lot of Crypto-influencers and thinkers cozied up to MAGA and Right Wing ideology because they promised things they never intended to deliver, and instead proved many of the negative things that the mainstream thinks about crypto. The 2024 Election, and many crypto-minds pushing for Trump did a significant amount of damage over the last year. It also turned off a **** ton of people from ever participating in the market as well.
tl;dr - At some point, can't fight every single attempt for those who want to heavily regulate crypto, and not expect that it has a damaging impact to cryptocurrency.
- May 9, 2004
- 15,309
- 19,515
If anything it's stablecoins /CBDC's
- May 20, 2006
- 6,371
- 11,567
While I agree that regulation would provide stability and mitigate some of the uncertainty around crypto, particularly the newer/lesser known coins. I wonder, as it relates to bitcoin specifically, if people are less concerned about regulatory guardrails and more so skeptical of its legitimacy as an asset class. And by “people” I’m referring to those who haven’t already adopted crypto in some form. Is new money waiting for regulation or do they distrust it fundamentally?
