Started By
Message

re: Official CryptoTalk Thread

Posted on 5/29/25 at 6:35 pm to
Posted by beaverfever
Arkansas
Member since Jan 2008
35558 posts
Posted on 5/29/25 at 6:35 pm to
Damn it’s gonna take my job and then take my money.
Posted by beaverfever
Arkansas
Member since Jan 2008
35558 posts
Posted on 5/30/25 at 7:28 am to
Some nasty wicks the last 24 hours. This definitely feels like leveraged futures traders controlling the market at the moment.
This post was edited on 5/30/25 at 7:30 am
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 5/30/25 at 9:56 am to
Wynn got liquidated at 105k. Lots of volatility from leverage getting wiped out.

It sucks but it’s necessary for a continuation. Hopefully we hold 100k through the weekend, bullish if so.
Posted by beaverfever
Arkansas
Member since Jan 2008
35558 posts
Posted on 5/30/25 at 12:07 pm to
I agree. This is bullish long term but not that fun. You’ve gotta take the air out of the market and give people something to bid. We just gotta hope that bid keeps coming back on corrections.
This post was edited on 5/30/25 at 12:11 pm
Posted by David_DJS
Member since Aug 2005
21997 posts
Posted on 5/30/25 at 12:10 pm to
quote:

That’s my guess. 2028 is around a “cryptowinter” type time frame. 50-80 is probably too pessimistic but it’s hard to be thinking about next cycle high/lows without knowing how this one ends.

Understood and I appreciate your response. In comparison to most that participate in this thread, I'm a relative newcomer (2020) to BTC and read with interest how you guys see the market down the road.

Another question for anyone that cares to respond, and I know it's been discussed before - but am curious whether views have changed/are changing with time: is there a chance that the market for BTC has changed so substantially over the last 18 months (buyers, sellers, investment thesis) that TA based on historical norms is close to meaningless?
Posted by beaverfever
Arkansas
Member since Jan 2008
35558 posts
Posted on 5/30/25 at 2:03 pm to
I think “it’s different this time” but I’m definitely it in the minority with that opinion. There will be nasty bear markets like with any asset but 2 years on 2 years off is dead IMO. Also, people are sleeping on the ramifications of MSTR potentially getting in the S&P. That would represent a deviation from the existing path.
This post was edited on 5/30/25 at 2:05 pm
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 5/30/25 at 6:39 pm to
If anything, TA has become more useful as BTC has become more entwined with trad finance.

That said, and to your point, the applicability of older tools refined by the 4 year cycle, power laws, etc, have become more questionable and less predictable.

Some of us could probably write a thesis on this shite. I’m a retard, though, so don’t listen to anything I say.
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 5/30/25 at 7:32 pm to
I’m probably going to eat these words but it feels like we’re nearing a local floor on btc. Alts have taken an absolute dump and I don’t see coins like link going much lower.

Ergo, if alts always follow btc, btc can’t go much lower without bringing alts to their cycle low.
Posted by CatsGoneWild
Pigeon forge, Tennessee
Member since Jan 2008
14927 posts
Posted on 5/30/25 at 8:38 pm to
Man, my crypto taking a beating today
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 5/31/25 at 11:01 am to
Cointelegraph injecting alt season hopium directly into my veins

LINK
Posted by I Love Bama
Alabama
Member since Nov 2007
38431 posts
Posted on 6/1/25 at 10:57 am to
I hope you guys get it.
Posted by beaverfever
Arkansas
Member since Jan 2008
35558 posts
Posted on 6/2/25 at 12:18 pm to
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11534 posts
Posted on 6/2/25 at 3:59 pm to
This does nothing for Bitcoin's price. It is not buying Bitcoin.
Posted by beaverfever
Arkansas
Member since Jan 2008
35558 posts
Posted on 6/2/25 at 5:14 pm to
I was just sharing it because Bama had mentioned bitbonds being on the horizon.
Posted by 98eagle
Member since Sep 2020
3147 posts
Posted on 6/2/25 at 11:08 pm to
quote:

I’m probably going to eat these words but it feels like we’re nearing a local floor on btc.
I doubt that you will. Bitcoin on exchanges keeps shrinking. Plus, this month, Bitcoin just past gold for ownership in the US. 14% of Americans now own Bitcoin investments versus on 11% of Americans owning gold investments. Greg Abbott should be approving the Texas Strategic Bitcoin Reserve bill this month which allows Texas to procure Bitcoin directly for their Treasury. More states to follow as 30 more states are currently in different levels of progress on Bitcoin strategic reserve bills.

Just days ago, the Department of Labor had a rules change plus a change in their tone to plan administrators on Bitcoin and crypto from extreme caution to neutral on May 28th that is going to spur Bitcoin and crypto access in 401K plans. Fidelity has already responded that they are working on providing more Bitcoin and crypto offerings for 401Ks and IRAs.

Just a 1% reallocation in US 401K plans to include Bitcoin investment ownership will dwarf new Bitcoin supply.

We are going to see a Bitcoin supply squeeze cause significant price appreciation this year in my opinion. Bitcoin will at least double from current prices before year end, or I'll eat my words.
Posted by I Love Bama
Alabama
Member since Nov 2007
38431 posts
Posted on 6/3/25 at 7:55 am to
quote:

We are going to see a Bitcoin supply squeeze cause significant price appreciation this year in my opinion. Bitcoin will at least double from current prices before year end, or I'll eat my words.


We are going much higher but I am not sure about a double. My prediction is 150k EOY.

125K by June/July.
Posted by beaverfever
Arkansas
Member since Jan 2008
35558 posts
Posted on 6/3/25 at 6:32 pm to
The hardest part about this bitcoin cycle might be not getting restless and selling thinking that the cycle is a dud. It could be one prolonged game of chicken for the foreseeable future.
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 6/3/25 at 7:17 pm to
I just ask myself “do I think it’s more likely we end up 20k higher or 40k lower?”

If it’s the former, I hodl.
This post was edited on 6/3/25 at 7:17 pm
Posted by BottomlandBrew
Member since Aug 2010
29365 posts
Posted on 6/3/25 at 8:06 pm to
Make a plan and stick to it. I've round tripped before. I'm not doing that shite again.
Posted by Odinson
Asgard
Member since Apr 2014
2863 posts
Posted on 6/3/25 at 11:02 pm to
Global M2 money supply at ath. Btc is going much higher.
first pageprev pagePage 2208 of 2240Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram