the reason bitcoin is “crashing” right now is because it is the global thermometer and the world is on fire

Replies (67)

 brisceaux's avatar
brisceaux 10 months ago
I'm gonna warm myself by that fire and calmly dca.
Constantin's avatar
Constantin 10 months ago
I don't know the reason/s but I take the gift with both hands and thank for it.
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npub19986...5gu9 10 months ago
IMO it's because not enough people are DCAing bitcoin into self custody coupled with tradfi convincing Main St that their ETFs, stocks, and CEX #btc IOUs are the same thing as self custody #bitcoin. IMO it's also possible and maybe even probable that the new administration is coordinating this price decline with his crypto Summit bros because "naTIonal Security" since their value proposition of their fiat system is directly challenged by a runaway #bitcoin fiat price. The of and of course as you've mentioned the economy is 💩 so some HODLers may be sadly selling their #FreedomMoney to get by. Regardless though I think that Bitcoin still wins as long as enough of us continue to push forward with the dollar cost averaging into self-custody approach as to ultimately separate State and currency! 💪
I agree! Traditional finance is crashing by throwing the United States into a possible recession caused mainly by tariffs. The various unresolved wars and indeed the evasing between Russia and Europe bring Bitcoin to a moment of fragility. I think the gold will rise again...
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npub1ah3a...l76e 10 months ago
Monero ia also a thermometer and it's rising on the ratio against ETH and BTC.
Izzi Jacob's avatar
Izzi Jacob 10 months ago
Makes no sense because the Bitcoin network is not correlated to anything
HolySats's avatar
HolySats 10 months ago
I WANT ALL UPPERCASE ODELL BACK.
why was it going up last november then? was the world a peaceful happy place?
will's avatar
will 10 months ago
more of a barometer I’d say
n0>1's avatar
n0>1 10 months ago
I can only imagine the moment up energy building up. This is wild.
Is it crashing or have the elites printed so much money that in order to get what you need you have to sell for more liquidity to try and front run them before they front run you? My prediction is that it stops at 38k to 32k and then it's going to 170k 250k then back to to 58k then up again. Not because I know anything but that's what the all time non log looks like to me. Since I'm broke I'll try to gather some every time that I can regardless of price but I won't be cutting my Fiat throat. Just a small percentage of my earnings dca.
ODELL's avatar ODELL
the reason bitcoin is “crashing” right now is because it is the global thermometer and the world is on fire
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Reading about Joseph Louis François Bertrand’s differentiation model at the moment. I read that in some cases, law of demand goes up when there is a point of difference and differentiation, no matter what the price is. if fixed supply creates scarcity, which can drive up demand, but can’t demand be based on the protocol too. Just thinking out loud…
dagwood's avatar
dagwood 9 months ago
It's maybe just smouldering a little rn.
You don’t sell what you want to sell, you sell what you can sell. That’s why Bitcoin gets dumped when markets are highly levered. Imagine a 24/7 marketplace for liquidity. It’s wonderful.
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nobody 9 months ago
It’s all a damn set up. Trump sets up the Bitcoin Strategic Reserve and BAM!!!! Tesla too. Is there a reason it’s down as mush as it is? The empire has struck back!
Bitcoin falls to 130 thousand au$ "Omg you guys Bitcoin is crashing" What? No fucking wonder the market is so volatile, so many idiots freaking out and selling now because they think it's a crash. Yes the USA government and some Central bakers are trying to destroy Bitcoin and dumping to try and devalue it. That doesn't mean it's crashing, it just means that corrupt bankers are wasting their own money to try to stop Bitcoin gaining value, and what happens when they run out of btc to dump? It'll regain value and all their market manipulation will be for nothing if they don't reinvest
I believe that even in a turbulent scenario, it won’t take long for an even more powerful value for Bitcoin to be uncovered. Today it is no longer just the early adopters who are in the circuit; but large conglomerates.
star girl's avatar
star girl 9 months ago
if only—that metaphor—made ANY SENSE.
Pan Hodl's avatar
Pan Hodl 9 months ago
Tariff is just a smoke Deglobalization is the real bomb!