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re: Official CryptoTalk Thread

Posted on 6/4/25 at 12:54 pm to
Posted by finchmeister08
Member since Mar 2011
39801 posts
Posted on 6/4/25 at 12:54 pm to
quote:

Make a plan and stick to it.


i just keep buying $50 a week.
Posted by LSUregit
Member since Dec 2013
1675 posts
Posted on 6/4/25 at 1:57 pm to
quote:

i just keep buying $50 a week.


Do you do auto recurrent buys? If so from where?

I'm currently purchasing $100 per day from Swan for the past few yrs. It then automatically gets sent to my hardware wallet.

Was wondering if there are better options for recurrent daily dca buys. Anyone??
Posted by I Love Bama
Alabama
Member since Nov 2007
38431 posts
Posted on 6/6/25 at 9:07 am to
Bitcoin showing insane strength here above 100k. I would not be mad at all if we just range here for months.

I still think we see 125k by the end of July
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 6/6/25 at 9:10 am to
I think the chance we visit the 90s/high 80s increases if we don’t close the week above 104.

I agree though, the fact we’re at 104k with fear/greed in the mid 50s is pretty nuts.
Posted by beaverfever
Arkansas
Member since Jan 2008
35558 posts
Posted on 6/6/25 at 9:27 am to
I thought holding 100K was very bullish.
Posted by Jon Ham
Member since Jun 2011
29631 posts
Posted on 6/6/25 at 10:36 am to
Posted by BottomlandBrew
Member since Aug 2010
29363 posts
Posted on 6/6/25 at 12:31 pm to
I really need Matic/pol to do well. Got a heavy bag in the red.
Posted by beaverfever
Arkansas
Member since Jan 2008
35558 posts
Posted on 6/6/25 at 2:01 pm to
I think the play right now is in calls for September-December on IBIT or FBTC. The amount of buying that MSTR and MTPLF will do in that period could be staggering and I think we’ll see supply tighten up and a genuine bitcoin raging bull market take shape. Volatility is too cheap right now.
This post was edited on 6/6/25 at 2:03 pm
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 6/8/25 at 11:25 am to
Price action is a little spooky right now. I’m honestly wrestling with an exit strategy here. I still think more BTC upside is likely, but I’m getting antsy.
Posted by TechDawg2007
Bawville
Member since Nov 2007
32513 posts
Posted on 6/8/25 at 11:47 am to
What do we think bitcoin will
Hit this week?
Posted by beaverfever
Arkansas
Member since Jan 2008
35558 posts
Posted on 6/9/25 at 6:42 am to
Starting to notice a very specific technical pattern over the last few days. It's called "hard up and to the right".
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 6/9/25 at 9:56 am to
Cointelegraph has some articles about a 140k price target due to some patterns.

It’s completely reasonable and is in line with my pre-cycle expectations, but the macro environment is scaring the shite out of me.
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 6/9/25 at 4:31 pm to
A bunch of degenerates are getting liquidated. Is it happening??
Posted by beaverfever
Arkansas
Member since Jan 2008
35558 posts
Posted on 6/9/25 at 4:33 pm to
We got the shaft on the last round of price discovery. Hope this one to come is more violent.

Speaking of degens, I bought some IBIT weeklies this morning. Hope we keep this up.
This post was edited on 6/9/25 at 4:36 pm
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 6/9/25 at 5:14 pm to
Cheering for you.

This 109-112k is the final boss of price discovery IMO. We need to crack through this.
Posted by BottomlandBrew
Member since Aug 2010
29363 posts
Posted on 6/9/25 at 6:22 pm to
Btc pulled a fast one. Showed a bearish head and shoulders breakdown yesterday. Probably caught a lot of traders offsides.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82088 posts
Posted on 6/9/25 at 8:56 pm to
Bitcoin will do what it wants and technical patterns don't really matter for it, IMO of course
Posted by 98eagle
Member since Sep 2020
3147 posts
Posted on 6/9/25 at 10:58 pm to
quote:

Bitcoin will do what it wants and technical patterns don't really matter
Exactly. Bitcoin does what it always does. In the short term it is unpredictable. News and tracking technical charts are often head fakes.

What's different now in an ever increasing way is going to be an amplification of the dynamics of supply and demand. Demand has been outstripping new supply in a big way since the Bitcoin ETFs were released in January 2024.

Available Bitcoin on exchanges keeps getting lower. The lower the exchanges get, the more inclined more buyers will be compelled to hold.

At some point the exchanges will dry up and Bitcoin goes parabolic. It's just a matter of time and that's this year in my opinion.

Check out the chart below since approximately 1 year ago when available Bitcoin on exchanges had already dropped to about 3 million BTC. Available Bitcoin supply on exchanges has been in a solid downtrend since then, accelerating since November 2024. The chart ends at May 2025 with 2.4M BTC on exchanges. Today we are at 2.1M in an even more accelerated drop, practically a straight down drop at this point. This can't continue at this rate without significant Bitcoin price appreciation

This post was edited on 6/9/25 at 11:53 pm
Posted by Hateradedrink
Member since May 2023
4045 posts
Posted on 6/10/25 at 6:28 am to
Technical wasn’t spooking me, it was the low volume weekend pump. That almost always dumps once the markets open.
Posted by beaverfever
Arkansas
Member since Jan 2008
35558 posts
Posted on 6/10/25 at 6:41 am to
quote:

Technical wasn’t spooking me, it was the low volume weekend pump. That almost always dumps once the markets open.
Ive gotten owned by Sunday pumps almost every time but it seems like when it’s a steady rise all weekend off of a strong Friday, it can have legs. I’ll get burned trying to differentiate but I think there is a little nuance.
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