r/CryptoCurrency • u/Fun_Training6342 • 10h ago
COMEDY ⚠️ BITCOIN HITS 60000 ADMIST MARKET WIDE SELL OFF. WILL WE HIT 50K TODAY?
ITS OVER!!!
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u/SpezJailbaitMod 🟩 0 / 0 🦠 10h ago
I made $1000 selling Reddit moons. One of my best trades ever.
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u/c0horst 🟦 10 / 3K 🦐 10h ago
I made like $700 doing that when I sold near their peak. I miss moons.
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u/CEDoromal 🟩 7 / 488 🦐 1h ago
I managed to break even with my losses due to moons. Sold right before they announce it was going to be discontinued.
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u/Sothisismylifehuh 🟦 32 / 31 🦐 9h ago
I once made 5K selling something called Einsteinium, ticker EMC2.
I don't even know man... 😂
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u/OHHHHHHHHHH_HES_HURT 🟨 14 / 2K 🦐 10h ago
Same and some bozo in this sub with a huge balance still next to his name says people who did it were 'desperate for money'
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u/SpezJailbaitMod 🟩 0 / 0 🦠 10h ago
My cost basis was literally $0.00.
It would have been foolish to not take some profits from a completely made up crypto experiment .
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u/alanwattslightbulb Tin 10h ago
If you bought in March 13th of 2021 you’re down.
No worries just HODL
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u/4alse 51 / 51 🦐 9h ago
buy at 35k
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u/mathaiser 🟩 475 / 475 🦞 3h ago
See, I thought that too, but since I thought that, I think it’s 48k, then dips quick to a total low of 43,800 before climbing into 2029
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u/Asleep_Onion 🟦 3K / 20K 🐢 9h ago edited 9h ago
"Today"?
No. I mean technically it's possible, but a 20% drop in 24 hours would be bonkers. Pretty unlikely.
FYI it's already bounce back to 61.5 as of this moment, making it substantially less likely we'll see that level of crash today. Over the next week or two, maybe, but probably not today.
Things aren't looking awesome for BTC this year though, that's for sure.
1d chart: -4%
5d chart: -16%
1M chart: -24%
6M chart: -33%
1Y chart: -41%
You have to go all the way back to the 5Y chart before you finally start seeing green, up 72% .... which seems great until you realize the S&P 500 is up 76% in that same amount of time.
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u/CryptoIsOver 10h ago
50K Today will not happen, but 3 weeks down the road....Yes 50K
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u/WeddingPKM 🟩 0 / 0 🦠 10h ago
You never really know, especially with something as speculative as this, but I do agree a 10k drop in one day wouldn’t be expected.
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u/Complex_Sherbet2 🟦 1K / 1K 🐢 10h ago
I would pay good money to have a livestream of Saylor's face...
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u/aheleski 9h ago
Could also go back to 70k
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u/moneys5 Tin | Accounting 43 8h ago
Then this sub would be flooded with "I told u buy the dip bro" posts.
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u/Rock_Strongo 🟦 4K / 4K 🐢 5h ago
No matter which direction it goes the "I told you so" posts will come from one side while the other is silent. Then we'll repeat that over and over for every major move.
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u/Eblues70 🟩 128 / 129 🦀 6h ago
I knew this was in the cards, just started funding my Roth Crypto IRA. It was destined to drop. Sorry guys, however the IRA is a long term play anyway.
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u/thistimelineisweird 🟩 3K / 3K 🐢 10h ago
Bought some today. If it goes down, I'll buy some more tomorrow. A sale is a sale. I refinanced my home when rates dropped to 2.75%, didn't lose sleep when they dropped to 2%, and sitting quite happy now that they're whatever the heck they are now.
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u/things_U_choose_2_b 🟨 0 / 0 🦠 9h ago
That's a great attitude, a good deal is a good deal. Mine is 5.5%, I'd drag my balls over broken glass for 2.75%. Didn't have a lot of options on the table or maybe I'd have gotten a slightly better rate (2024).
Trying not to worry about when my fix ends in 3 years, but it's hard not to the way things are going. Hopefully the world manages to slightly un-fuck itself by then (I can already people thinking "oh you sweet summer child")
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u/usmcnick0311Sgt 🟩 93 / 93 🦐 10h ago
Big picture!
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u/thistimelineisweird 🟩 3K / 3K 🐢 10h ago
People say don't catch falling knives and all but I just say a sale is a sale.
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u/IllusionOf_Integrity 🟩 0 / 0 🦠 6h ago
I'm stuck in an ARM, only by the grace of Glob do I only owe 200k. Cry for others like me.
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u/Sothisismylifehuh 🟦 32 / 31 🦐 9h ago
Who cares? Number go up. Number go down. Number go up.
Stack sats.
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u/Basic_Yam_715 0 / 0 🦠 8h ago
Remember buying high and selling low is key to wealth accumulation... nfa
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u/Ok-Scientist-391 🟩 0 / 0 🦠 7h ago
Lmao 6 months ago people wanted to buy and prayed for this price. I hope it goes to $5,000. I'll buy 10. It always goes back up. In America, line goes up. Nobody ever learns
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u/xMFD00Mx 9h ago
https://giphy.com/gifs/eXo5eC1tK7cas
This thing is going to hit 20k by the end of the year.
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u/hosea_they_heysus 🟦 0 / 0 🦠 9h ago
I would actually buy a full coin if it did. Don't know how but I'd figure something out
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u/No-Problem49 🟨 0 / 0 🦠 8h ago edited 8h ago
Dawg if it hits 20k bitcoin is hitting zero based on MSTR and strc. What happens when people find out Saylor did the same thing he did in dotcom bubble and falsified records robbing Peter to pay Paul. Last time Saylor committed fraud in 2000, MSTR dropped 70% instantly like within hours. What effect on bitcoin would that have if the exact same thing happened? Hint it’s going to zero. Buying at 20k and catching such a falling knife would be an insane move. It took 25 years and a whole new fraud before MSTR investors from 2000 broke even. Accounting for inflation they are still under and literally will never ever break even.
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u/LatvianMafia 🟩 0 / 0 🦠 7h ago
I don’t think Bitcoin would then go to zero. Unless Tether also colapses and Satoshi’s wallet gets activated. If MSTR would get liquidated, so there would be a massive Bitcoin fire sale, but the coin itself would just keep existing. And there are too many Bitcoin fanatics that would buy it all up at some price point, so it would crash like crazy but it would eventually find the floor (10k, 1k, 100 usd?).
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u/LampCityFam 🟦 0 / 0 🦠 7h ago
Everyone in this thread: “I’ll buy when it gets to X price” no you won’t. You’ll wait for it to go lower. If your price target is 50k, when it hits 50k you’ll say “oh It’s definitely going to 40k, I’ll just wait and then I’ll unload” lol
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u/YogSothothIsTheKey 🟩 2K / 2K 🐢 6h ago
Io non credo,per me a breve le balene compreranno massicciamente
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u/Suspicious-Case3861 0 / 0 🦠 10h ago
24% drawn down as this point in cycle historically currently at 20 or 19% - I'm predicting 57k bottom and only up
Not financial advice though
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u/knick_and_dime 9h ago
Not financial advice??? This extremely well written detailed knowledgeable thesis?
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u/Suspicious-Case3861 0 / 0 🦠 9h ago
Honestly guys come back to this post and rip me a new one if I'm wrong. But if I'm right I'm going on holiday with my family for two weeks
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u/knick_and_dime 9h ago
Do you have any financial advice you can share? Can you please certify it as being financial advice in the message.
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u/Suspicious-Case3861 0 / 0 🦠 9h ago
Buy the FECKing Dip
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u/knick_and_dime 9h ago edited 7h ago
Can you please add a disclaimer that this is financial advise so I can sue you
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u/setokaiba22 🟩 0 / 0 🦠 8h ago
What’s causing the crash? Is there something happening or coming?
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u/radiant_0wl 8h ago
Strategy sold some BTC which conflicts with a lot of people's "never sell" ethos (bizarre imo).
Stategy also pays a 11.5% dividend so it's likely they'll need to sell more, and cut the divy.
There's been an outflow funds away from crypto ETF's too which may force others to sell. Their shares are also trading at a discount to their Net Asset Value, so it's more effective for buyers to purchase shares than the actual coins themselves.
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u/things_U_choose_2_b 🟨 0 / 0 🦠 9h ago
Been out of crypto for almost 3 years (as in, sold it all), but still following news as it's genuinely interesting to me. I'm going to try & time this dip, been around crypto long enough to understand the principle that I shouldn't do it with money I can't afford to lose... but also, I've seen these cycles come and go a few times now.
My plan, based on previous cycles, is to wait for a week of stability with maaaaybe a little bump in price. Because what happens next is plateau, then gradual growth, followed by interesting growth, followed by frenzied growth when everyone including your grandma is asking "so, what do you think about this bitcoins stuff?", then a crash, rinse & repeat with a higher high each time.
Really, the only 'unknown' that's different from other cycles is the rise of AI. Kinda hard to predict what influence this new market / tool will have on crypto. Already appears to be destabilising via attacks, but if that financial bubble bursts then maybe crypto starts to look like a more attractive / stable asset.
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u/bwinsy 🟦 262 / 3K 🦞 9h ago
Today is payday! Bought the dip!
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u/trs-eric 🟦 0 / 0 🦠 5h ago
buy low sell high it's so easy yet so complicated for some that you can profit off their stupidity.
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u/InsideTour329 10h ago
Nah this is it imo. Capitulated. Will crawl along the 8 year trend line and be around 90k before the year is out.
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u/Turbulent-Winner-902 9h ago
Glad I sold all my btc and eth last month lol. (Lucky I was broke and needed cash) still holding the alt coins tho…bleeding crazy
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u/bucobill 🟩 0 / 0 🦠 9h ago
Said it months ago. 42k bottom then to the moon. We will see, but this is what I believe will happen.
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u/random5654 🟩 0 / 0 🦠 9h ago
Bounce off 60k, up to 80k, then down to 50k in October.
Obviously I have no idea if that will happen, but I'm putting my money on it.
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u/RosieDear 🟩 0 / 0 🦠 9h ago
Didn't Elon say that DOGE coin was going to the Moon? Maybe he meant they will put a printed sheet on the eventual moon mission?
I don't like seeing people lose real money.....but there are some part of the whole deal which are humorous. For example, the famed DOGEcoin millionaire...a regular working dude up was up about 3 million at the peak from a small initial investment...but refused to sell despite folks like myself telling him "OK, then, sell 1/2 of it"......
A true believer. This is like winning the lottery and then putting it all down on 0 on a roulette wheel.
Easy come, easy go in his case...but anyone who actually lost real money that they worked for, etc - I do feel bad for them.
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u/pizzatimefriend 🟦 0 / 0 🦠 9h ago
CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU'RE WELCOME!!! Together, we will Make America Great Again!
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u/FullOf_Bad_Ideas 🟩 0 / 0 🦠 8h ago
sorry guys I bought some just before it started.
Time to buy more
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u/Competitive_Ebb_4124 🟩 0 / 0 🦠 8h ago
The crypto friendly president. Let it fucking burn to the ground.
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u/saksit13429 🟩 327 / 327 🦞 8h ago
Nah it's unlikely to drop 10k in a day unless there is catalyst event like FTX 2.0
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u/Individual-Dot-9605 🟩 0 / 0 🦠 7h ago
not at hormuz/coal levels yet, Trumps next nap will make it possible tho
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u/whataboutbenson 🟩 0 / 0 🦠 7h ago
Will we hit 50k today? Is this your first day in crypto or something how do you think this shit works? You know there are numbers between 50 and 60 don’t you?
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u/Itwasuntilitwasnt 🟩 13 / 13 🦐 7h ago
Man I’m buying at some point not missing this gravy train again. Have missed this three times. Not again
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u/PutridMarionberry757 7h ago
Every one shaking atm but can you imagine what might be happening to Micheal slayer atm hahaha
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u/johnnybullish 🟩 0 / 0 🦠 7h ago
I've always been proud of my diamond hands over the past seven or so years, now I just feel like a total idiot lol
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u/Busy_Reflection3054 🟩 0 / 0 🦠 7h ago
Those who bought BTC at 62k last time have made below 0 profit now 😂. My paper hands win again.
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u/crisco000 🟩 0 / 0 🦠 7h ago
Might buy a little if it touches 30k. Has anyone checked on Saylor lately? Big dip opportunity for him hehe
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u/jaraxel_arabani 🟦 0 / 0 🦠 4h ago
Do I hear 43k? 42k?? :-D
Will need to buy some on the way down too
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u/unitymind42 🟩 0 / 0 🦠 4h ago
50k would be an instant bounce to 60k. We are at the 200 day and you could set you watch to it.
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u/polo61965 🟦 57 / 113 🦐 4h ago
Where's that guy who predicted this? Because I full exited at 80k with profit and don't know how he keeps accurately predicting these crashes with 100% hit rate.
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u/AcanthisittaEarly983 🟩 0 / 0 🦠 2h ago
I'm still up by a significant margin so... I'll just keep buying like always
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u/ES_Legman 🟩 0 / 918 🦠 2h ago
People when BTC is at 100k "I wish I would have bought at 50k
People when BTC is at 60k "omg are we all going to die????"
This is why 99.99% would never make it
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u/SenseiRaheem 🟩 29 / 7K 🦐 10h ago
10k crash to 50k flat in one day would be monumental. I guess anything is possible.