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re: Official CryptoTalk Thread

Posted on 5/9/25 at 1:05 pm to
Posted by Chorizo chang
Statesboro
Member since Feb 2022
800 posts
Posted on 5/9/25 at 1:05 pm to
Does anyone know the contents of the GENIUS Act that failed in the senate (thanks Rand) yesterday? And is there a fair chance an amended version makes it through soon. Im assuming that David Sacks had a heavy hand in it

Grok says it was primarily centered around stable coin regulatory framework. How big of a blow even is that to the market?
This post was edited on 5/9/25 at 1:10 pm
Posted by I Love Bama
Alabama
Member since Nov 2007
38431 posts
Posted on 5/9/25 at 1:17 pm to
quote:

Is this y'all's first cycle in BTC/crypto?


Lol. No.
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 5/9/25 at 1:23 pm to
No. It takes 2~ cycles for people to make good money IMO, unless you have good coaching/research/luck.
Posted by 03 West CoChamps
Member since Sep 2024
697 posts
Posted on 5/9/25 at 1:36 pm to
quote:


No. It takes 2~ cycles for people to make good money IMO, unless you have good coaching/research/luck.


I agree. I've been casually following/ charting since 2017.
Posted by 98eagle
Member since Sep 2020
3147 posts
Posted on 5/9/25 at 4:10 pm to
Been in since 2016.
This post was edited on 5/9/25 at 9:46 pm
Posted by TechDawg2007
Bawville
Member since Nov 2007
32513 posts
Posted on 5/10/25 at 10:13 am to
How are we feeling g about the Trump coin?
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 5/10/25 at 6:53 pm to
It’s funny, I think most of us talking charts and shite have been in crypto since 16/17
Posted by 03 West CoChamps
Member since Sep 2024
697 posts
Posted on 5/10/25 at 8:59 pm to
ETH having a weekend. I hate being an ETH maxi but I think it is evidence that there will be a cycle outside of BTC.
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 5/10/25 at 9:01 pm to
It is and there will be.

We are so close to cascading liquidations on BTC. Just need a good week here.
Posted by 03 West CoChamps
Member since Sep 2024
697 posts
Posted on 5/12/25 at 12:31 pm to
Bears last fight before next leg up is what this week probably becomes. Inside liquidity down around 98k. Bears need to push it under that. My complete guess is BTC holds 100k as support and pushes off to a test of 108k again.
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 5/12/25 at 3:52 pm to
This feels like a little de-risking for cpi week/arbitrage from the dollar gains.

Hoping to crack 106k after CPI.
Posted by beaverfever
Arkansas
Member since Jan 2008
35558 posts
Posted on 5/12/25 at 4:01 pm to
Yeah I don’t buy today’s price action. I’ve seen this movie before. Bout to go higher IMO.
Posted by BottomlandBrew
Member since Aug 2010
29365 posts
Posted on 5/12/25 at 7:33 pm to
TIL I learned the crypto thread has been anchored at the bottom of the page for god knows how long.

I'd been wondering where the thread was, but never scrolled down far enough to see it. Bottom pinned posts are the worst.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82088 posts
Posted on 5/12/25 at 9:19 pm to
I hate that its pinned at the bottom. I always forget it exists now. Usually seeing it pop back up to the top with a new post is what prompted me to open it
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 5/13/25 at 8:55 am to
Little bit of clarity here.

Price action 100k-106k is noise.

It wouldn’t surprise me if we swept the 20day EMA at 97k before continuing on, but that’s not guaranteed.

If we break 106k, we’re probably on the way to break 109k, which would then complete a price target at 130k.


Depending on timing and macro environment, I may book BTC profits at 130k. It’s likely I’d be leaving money on the table but I’d prefer to sell on the uptrend rather than the downtrend.
Posted by I Love Bama
Alabama
Member since Nov 2007
38431 posts
Posted on 5/13/25 at 4:45 pm to
I want to circle back to the alt coin guys.

This is the current money in bitcoin.

LINK

Retail has no interest in BTC.

Where does the money for alts come from?

Posted by BottomlandBrew
Member since Aug 2010
29365 posts
Posted on 5/13/25 at 5:21 pm to
Could have been people cycling out of BTC at dominance highs to buy alts? It's a smart trade, and retail is freer to do it. I don't think that explains the entire retail drop on his chart, but it could account for a little to a lot of it.

The other story on his first chart is regulatory framework has been clarified for businesses to buy and hold.

His second chart is still very positive for BTC when you look at total ownership and not just YTD buy/selling.
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 5/13/25 at 5:42 pm to
I’m not sure what your point is, but it seemed to hinge entirely on some pretty strong assumptions.
Posted by beaverfever
Arkansas
Member since Jan 2008
35558 posts
Posted on 5/13/25 at 6:28 pm to
quote:

His second chart is still very positive for BTC when you look at total ownership and not just YTD buy/selling.
The first chart isn’t very meaningful honestly. All it shows is that early adopters with massive stacks need to diversify.
Posted by 03 West CoChamps
Member since Sep 2024
697 posts
Posted on 5/13/25 at 7:54 pm to
I’m not even sure what that chart is showing. The numbers equal out right? So institutions and governments are buying from wallets on exchanges that aren’t registered to institutions or governments so they call them “individuals?” It literally says nothing.

Retail hasn’t even shown up yet. When ETH breaks ATH I would imagine retails shows up and they won’t be buying BTC because they are priced out.
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