Bitcoin Cracks $5000

[The Northbreather]

Fed conjures up free money and adds to system.

Extra dollars make their way into stocks (as planned) and crypto (not as planned ).

Chinese goverment tired of dollars starts stockpiling gold.

Chinese people adopt bitcoin/crypto.

Gold backed Chinese yuan reserve currency rumored.

Bitcoin touted as gold alternative or replacement.

Chinese government bans crypto.

After Davos meeting 4 major banks collude to announce ban on crypto purchases during hit piece onslaught.

Shitstorm

 

[timosman]

Fed conjures up free money and adds to system.

Extra dollars make their way into stocks (as planned) and crypto (not as planned ).

Chinese goverment tired of dollars starts stockpiling gold.

Chinese people adopt bitcoin/crypto.

Gold backed Chinese yuan reserve currency rumored.

Bitcoin touted as gold alternative or replacement.

Chinese government bans crypto.

Shitstorm

We have overestimated the power of the network.

 

[TheTexan]

Ban. My best buddy died.

The loss of a hero is always tragic.

I hope they fixed whatever mechanical malfunction that caused it.

 

[The Northbreather]

The loss of a hero is always tragic.

I hope they fixed whatever mechanical malfunction that caused it.

Non U.S. fuel likley

 

[dannno]

Non U.S. fuel likley

 

[AuH20]

What would stop the US or China from setting up straw buyers to pump up crypto, knowing full well the ensuing fear on the pullback would ultimately tear the markets apart? Look, the US or China uses a front to purchase large amounts of U.S. treasuries in Belgium. This is fact.

It sounds crazy at face value, but these are the type of preemptive moves that keep the status quo. China has it's hands full trying to criminalize crypto and they have had little success. Destroying the profit incentive is probably the better play.

 

[AuH20]

Think about this. In a little more than a month, we have gone from 800 billion market cap at peak down to 200 billion. It smells fishy with that type of mass injection in late Dec and then the abrupt pullback. I smell gov or central bank actors.

 

[Mordan]

bought 30% of a new position at 6.8k

 

[Mordan]

Think about this. In a little more than a month, we have gone from 800 billion market cap at peak down to 200 billion. It smells fishy with that type of mass injection in late Dec and then the abrupt pullback. I smell gov or central bank actors.

yea. LISTEN> I KNOW FOR A FACT A SWISS BANK TRADER IS LOADING UP RIGHT NOW.

i am buying.

 

[Schifference]

bought 30% of a new position at 6.8k

Is 6.8k a good price? Is this the best time to buy?

 

[Mordan]

I am scaling in. Bought a 1/4 position at 7k and another at 6700 and will do 6400 and 6k if those get hit.

exact same buy entry as a banker who is setting up a crypto desk in June.

 

[Mordan]

Is 6.8k a good price? Is this the best time to buy?

it was given to me by an insider.. i guess he made me a favor.. but it helps him as well.

only bought 30% of my free cash.. buying more in 1 week if it goes below 6k.

if stock market collapses... all bets are off.

 

[Schifference]

I am happy I didn't buy in at 19k.

 

[Zippyjuan]

Chart of the day:

 

[r3volution 3.0]

What a stable and useful currency..

 

[Dark_Horse_Rider]

$ 8236.00

 

[devil21]

yea. LISTEN> I KNOW FOR A FACT A SWISS BANK TRADER IS LOADING UP RIGHT NOW.

i am buying.

There's a Nigerian Prince joke in here somewhere.

 

[Mordan]

There's a Nigerian Prince joke in here somewhere.

you didn't buy....

 

[devil21]

you didn't buy....

For the record, the first time you told me to buy bitcoin on this thread it was about $7500. It's been substantially lower than that recently and is barely higher right now. Only if I had participated in dumping at the high would there have been any benefit whatsoever to buying when you advised. I'm not a trader any way. My market timing generally sucks and I'm ok admitting that. I'm always early on my moves. Such is the fate of the non-sucker.

 

[dannno]

For the record, the first time you told me to buy bitcoin on this thread it was about $7500. It's been substantially lower than that recently and is barely higher right now. Only if I had participated in dumping at the high would there have been any benefit whatsoever to buying when you advised. I'm not a trader any way. My market timing generally sucks and I'm ok admitting that.

This forum has been telling you to buy bitcoin since it was around $1.

If you had spent $15 you could have bought a lambo.