re: Official CryptoTalk Thread

There’s a lot of people who are breathing easy thinking we’re out of the woods. No telling what’s in store once tradfi markets open shop for the week, beginning is Asia.

This isn’t meant to be bullish or bearish. Just saying there’s a lot of factors at play and a 10% drop to ~30k feels like it would be just as easy (likely easier) to achieve than a 10% rip back to ~38k.

Everything points to nobody frickin knows

I’m genuinely expecting to wake up tomorrow either up or down 10-20% I’ll be stunned to see flat. The FUD is real unfortunately

At least the UD part, I ain’t scared!

If we can just get the China FUD permanently priced in that’ll be super neat.

What makes you think this ends with China? Cryptocurrencies in their current form do not benefit any national government. In fact recently more and more you hear them discussing crypto as real threat.

Guess we are banking on western nations not going full dystopia and believing in property rights.

At any rate, if we were to go down the road and discuss worst case scenarios, it isn’t like this is something they can effectively confiscate if you use cold storage, and in the worst case if currency is sufficiently debased people will flock to a substitute even at personal risk (ala Venezuelans using RuneScape gold as currency)

Once everybody understands bitcoin is the better alternative to gold then it will take off and replace gold. If the majority can't understand it then the space is fricked imo

If you are betting on human stupidity vs bitcoin. Human stupidity may end up winning in the end

quote:

---

Crypto will probably never be used as preferred currency for goods and services in the US in our lifetime. Hell, we still use inches and feet here... It has the potential for much greater good in the world though. It is only an opportunity and a tradable asset at this point, but the goal is to become a catalyst for global financial freedom. What’s wrong with that?

---

Im not a huge crypto pusher but bitcoin is so important to keep oppressive governments in check. If people arent smart enough to understand this then we are in trouble. There is a reason the US government is after being able to get in everyones bank feed and I can promise it isnt to help you.

There is a sizable contingent of folks who think this is a hiccup on the way to 100k.

I’m skeptical of that but 30k isn’t a terrible buy for btc anyway if you think the floor is 15-25k.

I really don’t see that. Why would you risk buying at 56k again if you think 80 is the top? It won’t even 2x.

I don’t see how there will be enough buy pressure to crack resistance. The top has to be higher if it’s gonna go past that.