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Started By
Message
re: BTC has reclaimed 100K!
Posted on 5/12/25 at 9:37 am to BottomlandBrew
Posted on 5/12/25 at 9:37 am to BottomlandBrew
quote:
Do not engage Slidell on bitcoin. You're wasting your breath.
k thanks for heads up. will not engage or waste my time with him on that subject moving forward.
2
Posted on 5/12/25 at 10:03 am to Fat Bastard
Dow at 42k
Where is Lakesoy7
Where is Lakesoy7
Posted on 5/12/25 at 10:05 am to Hitman67
quote:
Hopefully they have been buying and not telling us, because I believe in the near future you won't be able to buy a sizable amount at the current price. Please stop posting until you go a spend several hours studying bitcoin and where it is today so that you can update your knowledge. Thanks!
I have researched and always come to the same conclusion. It’s a fomo trade. Same with some of the greatest most accomplished financial minds of our times as well as very knowledgeable people I talk to regularly.
I’m fine owning it as a fomo only trade.
My belief is that as long as there are people like you and others, the price will continue to increase but it’ll be volatile which is exactly what we’ve seen.
Posted on 5/12/25 at 11:10 am to SlidellCajun
quote:curious what the drive thru attendant thinks when she hears the dishwasher and fry cook discussing bitcoin
as well as very knowledgeable people I talk to regularly.
Posted on 5/12/25 at 11:53 am to SuperSaint
quote:
curious what the drive thru attendant thinks when she hears the dishwasher and fry cook discussing bitcoin
lol
True.
Lots of folks out there looking for the quick buck and Bitcoin certainly seems like the path du jour.
Posted on 5/12/25 at 11:57 am to BottomlandBrew
quote:
Do not engage Slidell on bitcoin. You're wasting your breath.
Can you explain why bitcoin is down so much today when the stock market is soaring?
What’s the correlation or disconnect?
Posted on 5/12/25 at 12:20 pm to SlidellCajun
quote:
Can you explain why bitcoin is down so much today when the stock market is soaring?
What’s the correlation or disconnect?
Can you explain why gold is down today and what the correlation or disconnect is? Lol, bitcoin is up $6000 since Thursday and is open 24/7.
Posted on 5/12/25 at 12:28 pm to SlidellCajun
quote:
Can you explain why bitcoin is down so much today when the stock market is soaring?
What’s the correlation or disconnect?
It went on a 12% run in the last week. People take profits. Zoom out.
If 1.2% is "down so much" for you then you need to get out of crypto.
Posted on 5/12/25 at 12:28 pm to Hitman67
Gold has a very long track record as a safe haven for bad economic times. Not sure I agree with that but that’s the pattern. It’s sort of a ballast for a stock portfolio.
Is bitcoin similar?
If so, how?
Is bitcoin similar?
If so, how?
Posted on 5/12/25 at 12:30 pm to 03 West CoChamps
quote:
If 1.2% is "down so much" for you then you need to get out of crypto.
lol-
So you don’t know the correlation or disconnect.
I certainly will get out at some point. It’s a trade afterall.
What’s your exit point?
And what will you take in exchange for your bitcoin? USD?
This post was edited on 5/12/25 at 12:38 pm
Posted on 5/12/25 at 12:30 pm to SlidellCajun
quote:
I have researched and always come to the same conclusion. It’s a fomo trade. Same with some of the greatest most accomplished financial minds of our times as well as very knowledgeable people I talk to regularly.
I’m fine owning it as a fomo only trade.
My belief is that as long as there are people like you and others, the price will continue to increase but it’ll be volatile which is exactly what we’ve seen.
Posted on 5/12/25 at 12:52 pm to SlidellCajun
Daily RSI on bitcoin was in overbought territory. Not so on the major indexes. That's all I got. I stopped rationalizing any crypto PA long ago.
Posted on 5/12/25 at 1:30 pm to SDVTiger
quote:
Dow at 42k
Where is Lakesoy7
crying in a corner with roger the cuckler.
Posted on 5/12/25 at 4:41 pm to Hitman67
There it is, you took the bait
Posted on 5/12/25 at 5:52 pm to BottomlandBrew
quote:
Daily RSI on bitcoin was in overbought territory.
Realizing it’s all you got but how on earth does anyone know if bitcoin is overbought or oversold or just right?!
Posted on 5/12/25 at 5:54 pm to Fat Bastard
quote:
k thanks for heads up. will not engage or waste my time with him on that subject moving forward.
If I was insecure about it, I’d avoid the questions too.
But I bet the questions linger in your head…
Posted on 5/12/25 at 8:08 pm to SlidellCajun
quote:What he’s referring to is financial nihilism. Ironically, financial nihilism is a byproduct of broken money which is what Bitcoin was meant to fix.
Lots of folks out there looking for the quick buck and Bitcoin certainly seems like the path du jour.
Posted on 5/18/25 at 12:12 pm to The Egg
Hmmm
Posted on 5/18/25 at 2:25 pm to oneg8rh8r
quote:
I believe BTC could be over 250K by EOY, and MSTR near 2k.
I have said it before, BTC at 16K in Nov '22 was way riskier than 125K in June of 2025. The world has buy in now.
But why? What are people seeing that is making it move?? Ie...what news should we be looking at.
As of writing this it's at 104,500 so up ~1.5% for the day. Today's high in the 105,900+ range. So what is getting it to move is what I've been trying to figure out to feel more confident about getting in more than I have of MSTR and other ETFs that 2x it. Gold is done to 3200. Are they countering each other?? Who knows what "signs" are being watched other than "but feeling" gamble.
Posted on 5/18/25 at 3:15 pm to HagaDaga
quote:Probably the most successful ETF launch ever.
But why? What are people seeing that is making it move?? Ie...what news should we be looking at.
Bitcoin is math. Unless something breaks it, it’s on its way its to infinity relative to the dollar. I didn’t fall in love with bitcoin as an ideology. I used to actively root against it like Paradox. I’ve just got a decent mind for math and realized I was fighting gravity by betting against bitcoin.
If I can put all kinds of portfolios together with bitcoin that quantitatively smoke anything that would be put together without it then I have to assume that people with much deeper pockets than me are starting to do the same.
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