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re: Will the Bitcoin selling start accelerating?
Posted on 2/17/26 at 6:42 pm to SlidellCajun
Posted on 2/17/26 at 6:42 pm to SlidellCajun
Chart broke out to the bottom. No reason to think it won’t make it to the 30s. Strong market and it’s falling as well. If the market starts a sell off, bitcoin will sell three fold.
0
Posted on 2/17/26 at 7:00 pm to UltimaParadox
If El Salvador is still buying a BTC a day than the experiment is just starting, not a failure. It will be measured in the long term and you are measuring in the short.
Posted on 2/17/26 at 8:05 pm to djrunner
quote:
El Salvador is still buying a BTC a day than the experiment is just starting, not a failure. It will be measured in the long term and you are measuring in the short
Lol what?
El Salvador said they would make BTC legal tender and issued it to everyone in the country. Then required it to be accepted by law. They rolled out millions of dollars worth of ATMs and even developed their own apps for transactions. Handing out free Bitcoin to their citizens.
After much fanfare they unveiled they would be a crypto centralized nation and pledged to build "Bitcoin City" attracting people from all over the world. They even tried to issue volcano bonds to fund their Bitcoin buying.
Flash forward a few years. Outside of the free money given out. No one used Bitcoin for any transactions, the ATMs were removed because they couldn't afford to pay for them
The volcano bonds failed, Bitcoin City never was built, and they removed Bitcoin as legal tender.
Their citizens are still beyond poor, and they have one of the worst credit ratings in the world.
Calling it just a failure is generous, it was an absolute disaster
Posted on 2/17/26 at 10:22 pm to UltimaParadox
Now if they continue to buy daily and crypto doubles or triples, or more, still a failure? I get it didn't work as legal tender, but this is not over.
Posted on 2/18/26 at 7:36 am to djrunner
quote:
Now if they continue to buy daily and crypto doubles or triples, or more, still a failure
Considering El Salvador spent almost 500 million dollars setting up the BTC structure including ATMs, apps, and more which far out weighed any profits they had in BTC before the latest market down turn.
I am sure that his country that just took out another massive loan from IMF, and its people that are suffering from extreme poverty. That diamond handing a few more years for a crypto security that generates nothing will be real helpful.
I guess one day he will sell right?
Posted on 2/23/26 at 7:40 am to UltimaParadox
Yeah that was a total failure.
There were posters here holding El Salvador in the highest regard for making the conversion but they quiet now.
Today we see more selling. Seems to me that it ought to be gaping up.
Tariff refunds. International turmoil.
Why is it going down?
There were posters here holding El Salvador in the highest regard for making the conversion but they quiet now.
Today we see more selling. Seems to me that it ought to be gaping up.
Tariff refunds. International turmoil.
Why is it going down?
Posted on 2/23/26 at 8:05 am to SlidellCajun
Bitcoin can just hurry up and be worthless so I can quit seeing red on these piece of shite ETFs in my port. I’m riding these frickers to zero and the sooner the better.
Posted on 2/23/26 at 9:06 am to djrunner
quote:
I get it didn't work as legal tender, but this is not over.
What’s not over?
Posted on 6/5/26 at 1:58 pm to Rankest
Anyone know why stupid arse bitcoin has been declining recently?
Seems like every time there’s a decline, there’s always an explanation for the decline from the Michael Saylors of the world.
On the flip side, they always have an explanation for when it goes up too.
Just curious what’s the reasoning this time, please enlighten me.
Seems like every time there’s a decline, there’s always an explanation for the decline from the Michael Saylors of the world.
On the flip side, they always have an explanation for when it goes up too.
Just curious what’s the reasoning this time, please enlighten me.
Posted on 6/5/26 at 2:17 pm to Tiger4life306
Crypto spring front ran the commercial tokenization adoption which caused a double bottom. Next leg should be head and shoulders with support at the moon.
Posted on 6/5/26 at 2:18 pm to Tiger4life306
Yeah i wouldn’t listen to Saylor. The answer is amazingly simple. There are more sellers than buyers. It’s gotta find an equilibrium.
Posted on 6/5/26 at 2:28 pm to SlidellCajun
quote:
but this is not over.
Posted on 6/5/26 at 2:45 pm to LSURussian
The Franzia futures market is going wild. Bunch of crypto moms are coming to the realization that junior may be living in the basement longer than promised.
Posted on 6/6/26 at 3:04 pm to Rankest
Imagine taking bitcoin as a currency in exchange for something and losing over 10% in the deal just because of the volatility….
Dumb
Dumb
Posted on 6/7/26 at 10:29 am to djrunner
quote:
Now if they continue to buy daily and crypto doubles or triples, or more, still a failure? I get it didn't work as legal tender, but this is not over.
Not sure if your level of economic understanding but consider the implication of a currency that is as volatile as bitcoin.
If you were using it to buy something and after your purchase, the value of the currency, shot up 10%, you’ve just lost money. Consider the opposite scenario and the retailer lost money…
It makes zero sense as a currency
A currency needs stability and bitcoin simply isn’t
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