I just hate his lies and hypocrisy. Didn’t know how much fossil fuel energy Bitcoin used - lie.
Won’t use Bitcoin as payment method for Tesla cars but will buy and keep Bitcoin for propping up dismissal financial results (hypocrisy).
And does anyone know how many cars were sold using Bitcoin as the payment method?
Why Bitcoin fell so far after the tweet is a mystery. Most know its a store of value not currency
1 Like
Yes, he really is a genius in so many ways. His greatest fault, though, is his failure to appreciate the wide-ranging affects of his whimsical, impulsive nature. When you have 49 million followers on Twitter who follow your every shrug and smirk you best be careful what you say because it can instantly turn into a promotion.
2 Likes
Yes I am pretty sure there is old money behind this control-every-move-of-the-internet blockchain project.
1 Like
True, but seeing him in interviews, he’s definitely got that socially awkward nerd thing going on. Possibly even on the spectrum. Someone can be a genius and not be able to recognize the social impact they possess.
There’s simply no need for him to manipulate markets. He’s got more money than anyone could spend in 100 lifetimes, even without cashing out his Tesla holdings. He’s still got his PayPal money, SpaceX, Neural Net, Boring Co, etc.
That’s what I thought, until my economist friend said he didn’t believe it was that simple.
EDIT: Also, from a psychological perspective, greed has no limits.
3 Likes
Cardano On Fire !!! Good climb from Ada !!! I do not know where it could go after the smart contracts that are coming in August, but the third square of the coinmarket is within reach !!!
2 Likes
This is Sascha’s own very special Chicken Technical Analysis. Bitcoin price “corrections” like we are seeing now can certainly be scary, but from what I can tell, this bull run is almost an exact copy of the previous one. Thoughts?
EDIT: For reasons I don’t understand and haven’t looked into, my chart and its implied predictions seem to correspond very well with Plan B’s S2F model. (https://twitter.com/100trillionUSD)
4 Likes
The flat Wyckoff pattern at the top has never been seen before in the history of BTC. We have been forming new trading patterns and I don’t think looking back at the history is as relevant as before. The trading volume is more institutional now than in the previous bull runs.
1 Like
Looks like a bubble pop. Would not be surprised to see it fall back to under EUR 10,000
1 Like
Was this really all precipitated by Musk’s tweet, or is there something else going on here.
Because, if it is, the whole “store of the value” thing, based on utility, feels a bit shaky to me. More like “store of speculation”.
2 Likes
It was a bit of a disappointing boom, if it has popped already. It didn’t feel nearly as toppy as last time.
2 Likes
There are different players moving price than last bull run. The main fundament remain and I do not expect to see price drop much more less than $40k. China ban and Elon tweet were just trigger of bigger correction.
2 Likes
If indeed those hands pumping the price have the capability to do so, they’ll be back. There’s monies to be made.
Anyone getting any good stink bid hits today? Just got XMR at EUR 142 at 47% off the price 24 hours ago.
1 Like
Could not have imagined anything this nasty this early tbh. I think Bitcoin wants its dominance back that’s for sure. That’s one chart worth looking at.
No this is out of the blue. But I always have some cash on exchanges in bids at outrageous prices… could always go lower, but I feel like there is no way there isn’t going to be a pretty vicious (maybe dead cat though) rebound here… -47% daily candle in a solid coin like xmr is ridiculous.
2 Likes
Hard to buy some if you do not have cash on exchange already.
1 Like