[pablo222]

I don’t know bud.

It’s got a better shot of going under $10,000 than going 100,000

How is the Bitcoin Cash bag treating you?

[boscokid]

Turns out SBR was just doing us a huge favor by not letting us spend points on Bitcoin when it was at 65k.

Salud Opti!

[homie1975]

I don’t know bud.

It’s got a better shot of going under $10,000 than going 100,000

near term, Yes, long term No.

[k13]

100k in a 100 years...?

[icon]

100k in a 100 years...?

$1000000 in 1000000 years!!

[Orbison]

Another name that I'll throw out there = Saylor. Wow, he had all the answers when it was running good. Listen closely to how his interviews have changed. He's still talking big. Only difference is that he's changed his time horizons.

probably thinks he can pull of another accounting scheme

[Accrued Interest]

Pretty surprising to see bitcoin tanking now even without the stock market being down. People are underwater on average now so panic selling is coming in. Most likely goes to $10,000 at this point. People can't afford to lose any more.

Going to need a big stock market rally to turn it around.

[Accrued Interest]

Salud, Raider. Appreciate your thoughts.

Another name that I'll throw out there = Saylor. Wow, he had all the answers when it was running good. Listen closely to how his interviews have changed. He's still talking big. Only difference is that he's changed his time horizons.

Looking in the rear-view mirror is actually a terrible way to invest. That's similar to the Cathy Wood ARK investing.

My new hero on investing strategy is Kirian "Deso Games" van Hest. If for no other reason...he's admitted to past struggles, which include him trying to kill himself at least 3x.

van Hest called Raoul Paul a "charlatan" and Cathy Wood an "even bigger idiot." LOL

Back to Celsius. The Mashinsky thing really is a classic scheme. Doesn't matter if it's BTC or USD:
1) Pump up the sale. Push it hard. Induce investment.
2) Dylan Leclair summed up his strategy the best. Leclair called it taking a "Tail Risk", which is a perfect description.

I'm sure Mashinsky truly thought there was a 2% chance of BTC dropping to 20,000 this quickly. Is he holding $12Bill in gold reserves to pay back customers? LOL, no he isn't.

Saylor was getting called at $20,000 which gives the potential of collapse selling now. That is probably the reason for the downturn today. People want to get out in front of margin calls.

[Orbison]

Q: If someone is effectively SHORTING BTC...what asset would one be holding on the other side?

if you're Saylor? collateralized BTC

normal person? probably gold or silver to eventually cover with

[puckk]

Hello bulls,
How’s morale?

this was ur sell signal

[icon]

People want to get out

[ChuckyTheGoat]

if you're Saylor? collateralized BTC

normal person? probably gold or silver to eventually cover with

I think so, Orby. ONLY problem with that logic is that...Peter Schiff would have to be RIGHT.

Gold reserves (and Silver at some multiple of Gold) are the buzz on world economics. Putin (surely) loves the idea of crippling the USA.

[shadymcgrady]

Hello bulls,
How’s morale?

Staring down castration

[homie1975]

Staring down castration

I'm just going to keep buying on the way down to keep the average cost low.

Come to Papa.

[paranoyd androyd]

Looks like we're heading to 15,000 very soon.

[paranoyd androyd]

Most of the bagholders gone now.

[icon]

"Hold On for Dear Life"

[flyingillini]

Looks like we're heading to 15,000 very soon.

I see it going to 5-10k range and never recovering.

[ChuckyTheGoat]

if you're Saylor? collateralized BTC

normal person? probably gold or silver to eventually cover with

Orby, got a real-life example to follow. Of course, there's a lot of chatter on this board. One topic we've covered is Silver price.

Specifically, look at Physical silver price vs the Spot price. Live example:
*Ag spot price for 90% silver dime = $1.57.
https://www.coinflation.com/coins/19...ime-Value.html

How are Silver dimes doing on live re-sale? Look at this Ebay lot:
https://www.ebay.com/itm/39411134308...u&LH_Auction=1
*Hasn't closed yet. Bid price already at $118.50 (on 10 Bids).

Add in tax/shipping. That's already a 67% markup over spot. Will that ratio approach 2.00:1?

[Arky]

I use to have quite a bit in Celsius but got tired of their 24 hour wait when white listing a new address. One day, I just pulled it all out and dispersed it. Never was a Mashinsky fan boy. Guy used to do weekly AMA's (still does?) which kinda sends out a vibe I didn't really like. Attention ho? Salesman? At any rate, glad I don't use Celsius anymore...

Crypto.com is still holding up although they have drastically nerfed their Earn program, staking yields and cash back. They planned this a few months ago and it started June 1 so "good timing" for them. One can still earn a lot of CRO through various means......

Not going to make predictions but still have faith in the long game.... Sometimes, it's healthy just to not sweat it and ride it out.... Coulda have taken some whopping profits back in late March but that doesn't matter now...

[raiders72001]

I see it going to 5-10k range and never recovering.

Way too many very rich people with financial interests in bitcoin for it to die in the near future.

[raiders72001]

I use to have quite a bit in Celsius but got tired of their 24 hour wait when white listing a new address. One day, I just pulled it all out and dispersed it. Never was a Mashinsky fan boy. Guy used to do weekly AMA's (still does?) which kinda sends out a vibe I didn't really like. Attention ho? Salesman? At any rate, glad I don't use Celsius anymore...

Crypto.com is still holding up although they have drastically nerfed their Earn program, staking yields and cash back. They planned this a few months ago and it started June 1 so "good timing" for them. One can still earn a lot of CRO through various means......

Not going to make predictions but still have faith in the long game.... Sometimes, it's healthy just to not sweat it and ride it out.... Coulda have taken some whopping profits back in late March but that doesn't matter now...

wow, that was a great move. A lot of people got rekt.

[pavyracer]

Wait a few more weeks until it goes to 10,000. Every 2 weels it drops 10,000 for the last 3 months. You never bet against a trend.

It may not take 2 weeks to go down to 10,000. It's already at 17,500 on weekend. A ton of funds are liquidating their possessions due to margin calls.

Keep your cash handy and wait. It's nose diving.

[jjgold]

Lol losers keep buying!!!

[Arky]

wow, that was a great move. A lot of people got rekt.

Celsius has to release their hold at some time and give the people back their crypto, don't they? They got caught with their pants down and need to make it right before they go to jail... It will be interesting to see what develops on that front....

[Arky]

Lol losers keep buying!!!

You're not a long term guy are you? Blood in the streets and all that?

[Optional]

I don’t know bud.

It’s got a better shot of going under $10,000 than going 100,000

Sure, it's 8.5 k off 10k and over 80k away from 100k... so yeah.

But why would any HODLer care if they remain confident it will go past 100k.

[ChuckyTheGoat]

Lol losers keep buying!!!

Goldy, give me a live horse-play for tonite. Thx, bud.

[jjgold]

No I am out

Not worth it anymore

Long term stocks will be way better and safer

You're not a long term guy are you? Blood in the streets and all that?

[Optional]

I'm just going to keep buying on the way down to keep the average cost low.

Come to Papa.

Amazes me people repeat the buy on hype and sell on panic stupidity every time there is a financial downturn and simply don't look back at the last half dozen big ones and see that doing what you are doing has worked out within just a year or two every time.

I guess the types that "want out" on lows make us more money long term at least.

[homie1975]

You're not a long term guy are you? Blood in the streets and all that?

there it is -- one of my favorite sayings: when there is blood in the streets, BUT, even if it is your own blood !!!

[Arky]

No I am out

Not worth it anymore

Long term stocks will be way better and safer

You were singing the same thing 4 years ago when the bear market kicked in. Bitcoin eventually worked it's way to 65K. Too bad you missed out.

The stock market will have a big surprise one day.... But at least you're "safe" in the short term.

[themike78]

Another huge loss for bitcoin today. It should hit zero by Wednesday.

[themike78]

No I am out

Not worth it anymore

Long term stocks will be way better and safer

True

[ThaTopMoron]

i bought more bitcoin at 18k

hasn't been this low since it propelled past 17k and finally flew past 20k into price discovery like a year and a half ago