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[–]deejeta 1410 points1411 points  (176 children)

Good job paperhands in handing over a finite resource to your future crypto overlords.

[–]HanditoSupremeRedditor for 6 months. 322 points323 points  (112 children)

There is still plenty of BTC out there for us to buy into Overlord status if we try

[–]explision 248 points249 points  (105 children)

The thing is , every day that passes and every BTC we get closer to the final 21 million being mined, the more impossible it will become for the average investor to even get close to owning 0.5 BTC

[–][deleted] 243 points244 points  (42 children)

Just wait, in 5 years a post like this will be mind-blowing… plebs casually talking about accumulating half of a bitcoin… impossible!

[–]explision 142 points143 points  (29 children)

Yeah lol. I mean if you look at the rainbow chart and see peak price, we are talking well above 400k. Low price is 40-70k. The average investor doesn't even have 20-35k to invest into half a BTC. Soon owning 1 BTC will only be for old-school holders or whales

[–][deleted] 50 points51 points  (19 children)

Haven’t seen the rainbow chart getting much love lately, will always be one of my favorites

[–]explision 27 points28 points  (18 children)

I look at it here and there, just to see in which price range we are currently in + calculating what my BTC could be worth, if i keep holding until like 2025

[–][deleted] 48 points49 points  (16 children)

Just checked it here: Bitcoin Rainbow Chart

[–]Jigsaw314 16 points17 points  (4 children)

I don't understand the red section, what is this "sell"? Aren't we just HODLing until we die?

[–]TamifluKing716Tin 11 points12 points  (1 child)

We HODL until we die, then our kids inherit it and HODL until they die. HODL forever and then some

[–]gupbieeGold | QC: CC 70 | WSB 10 | r/Stocks 32 10 points11 points  (1 child)

It depends on your philosophy. If you're able to I would suggest selling some when you think it's topped out. Secure profits and then buy back in at the dip. Helps lower the risk of your investments

[–]Blooberino 24 points25 points  (5 children)

According to the logarithmic chart they derived the rainbow from, BTC should've hit 100k last week.

[–]SxQuadroPlatinum | QC: CC 304, ETH 182 | TraderSubs 182 35 points36 points  (2 children)

According to my calculations, BTC will hit $200k tomorrow

[–]RichardWigglsPlatinum | QC: CC 100 2 points3 points  (1 child)

Where do you see that? When I click the yellow band at July 16th 2021 it says like $43k

[–]Mr_YUPPlatinum | QC: CC 34, BTC 20, BNB 16 | r/WSB 81 7 points8 points  (4 children)

That chart is just such an incredible thing but it always seems to show that BTC won't be worth over 1 million each like some people are saying.

[–]eetaylog 8 points9 points  (0 children)

It's in Log scale. The $1million mark is a lot nearer than you might think.

For reference, $500k would put btc at the same market cap as gold. Nothing to sneeze at.

[–][deleted] 8 points9 points  (1 child)

I don’t think bitcoin will hit a mill for Atleast another 10 years. We gotta see mass global adoption for that to happen. Well see it but I honestly think it wouldn’t be until the 2030s. I would love to be wrong and rich though

[–]MotherfuckinRanjitGold | QC: CC 34, BTC 19 12 points13 points  (1 child)

Just like buying land in Manhattan back in the old days

[–]bphaseSilver | QC: BTC 40 | CRO 27 | Hardware 347 18 points19 points  (5 children)

Already next to impossible for like 99% of the population (in the world, not the US), probably more. And that's without taking into account the total amount of bitcoins and the price going up massively if everyone wanted to accumulate half a bitcoin now.

The theoretical maximum is like 0.5% of the world's population owning half a bitcoin, but that's also very impossible due to the uneven distribution and lost coins.

[–]Sulfron 8 points9 points  (4 children)

Crazy how there are 1000s of Bitcoins just lost…

[–]bphaseSilver | QC: BTC 40 | CRO 27 | Hardware 347 12 points13 points  (3 children)

Probably millions... millions of bitcoins... lost forever.

[–][deleted] 5 points6 points  (1 child)

The estimate is 4 million last place I read

[–]Sulfron 2 points3 points  (0 children)

That’s crazy…

[–]jrrfolkienTin 12 points13 points  (36 children)

Edit: Moved to Lemmy

[–]seinkTin 6 points7 points  (5 children)

The thing is , every day that passes and every BTC we get closer to the final 21 million being mined, the more impossible it will become for the average investor to even get close to owning 0.5 BTC

Thats the whole fucking point or do you want to circle back to a system of official people printing paper that increases the supply in a controlled way?

[–]johnny_fives_555 2 points3 points  (0 children)

yarp.

[–]AJRollonTin 4 points5 points  (3 children)

I honestly think this is exactly how alt coins, with dedicated devs, utility, exposure and adequate security will thrive.

We can already see this with Ethereum.

Or there'll be coins very similar to Bitcoin. We already see this in monero.

I think with these options, it is possible it could bring Bitcoin closer to alt coins, or alt coins to bitcoins' value. (Heavily developed, useful and marketed ones)

[–]ross_stTin | Buttcoin 518 3 points4 points  (2 children)

Try convincing a Bitcoin maxi that there's any other kind of acceptable security for a blockchain than a constant stream of burnt out GPUs and PSUs. You'll never do it.

[–]rPoliticModsRGonksRedditor for 2 months. 3 points4 points  (0 children)

The remaining coins to be mined which will take over one hundred years?

[–]DrudgelAll I want for Christmas is 1 BTC 27 points28 points  (1 child)

And if you just believe

[–]DumbestBoy 2 points3 points  (0 children)

I haven’t sold any and kept buying. overlord in the making I suppose.

[–]LargeSnorlax 49 points50 points  (7 children)

Banks and Companies laugh whenever retail sells and snap it up at the bottom - They watch carefully and have people monitoring for huge dips like when it went to 29k.

[–]AProfileToMakePost 34 points35 points  (5 children)

“People” lol

[–]DrudgelAll I want for Christmas is 1 BTC 24 points25 points  (3 children)

Trading bots are people too!

[–]bumpkin_Yeeter 12 points13 points  (0 children)

Shit like this is what pisses me off when I still here "ugh it needs to dip so I can finally buy in!". No motherfucker, last time it dipped you freaked out and either didn't buy or sold everything you had. Stick to trading SPY if you cant handle volatility

[–]AyyvacadoPlatinum | QC: CC 65, BTC 17 | r/Prog. 12 20 points21 points  (14 children)

The cool thing about crypto is you can literally just stop believing in it overnight by refusing to partake and now the whales have a bunch of worthless 1's and 0's

[–]eetaylog 20 points21 points  (2 children)

You might be able to stop believing in it, but it would take 99.9% of the crypto community to have the same mindset for it to be a worthless bunch of 1's and 0's.

Same could be said for literally any other speculative market.

[–]theciaskaelie 4 points5 points  (0 children)

yeah and if only a few whales own any of it then that community its useful in is pretty damn small.

[–]Nagax456Tin 11 points12 points  (0 children)

As a whale I like to thank all the paper handers

[–]ToddissuchSilver | QC: CC 435, Coinbase 20 | TRX 8 | ExchSubs 20 1 point2 points  (0 children)

We need Captain Ahab to thin out the whale population

[–]coinfeeds-botApproved CC Bot 206 points207 points  (30 children)

tldr; Crytpo analytics firm Santiment says Bitcoin whales are rapidly accumulating more of the flagship cryptocurrency. Large Bitcoin holders, or those who hold 100 to 10,000 coins, have added 130,000 BTC to their wallets in the past four weeks. Santiment is tracking key events that might have instigated Bitcoin’s latest rally.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

[–]Livid_Yam 93 points94 points  (16 children)

Do you guys think the bot gets pleasure whenever someone comments "good bot"

[–]reverendrambo 49 points50 points  (10 children)

I always appreciate it when someone tells me good bot, so I'm sure they do too

[–]Livid_Yam 53 points54 points  (4 children)

Good Bot

[–]virusamongusSilver | QC: CC 454 | VET 78 | Unpop.Opin. 35 23 points24 points  (3 children)

Good good bot bot

[–]DrudgelAll I want for Christmas is 1 BTC 6 points7 points  (2 children)

amogus

[–]wishiwererobotTin 3 points4 points  (1 child)

The blue usernames throw me off because that's usually what the OP is. Was confused for a second how there were two.

[–]mynameisblanked 4 points5 points  (3 children)

How often do people tell you good bot?

[–]reverendrambo 5 points6 points  (2 children)

Not often enough

[–]boq 2 points3 points  (0 children)

If you think that our consciousness is an emergent phenomenon caused by complex physical interactions, then it's not so outlandish to think that perhaps all physical interactions cause some sort of consciousness to emerge, however simple or crude it may be. So I'm going to respond with a solid "maybe."

If you want to know more about this idea, you can look up panpsychism or integrated information theory.

[–]SafelyoptimizedRedditor for 2 months. 552 points553 points  (117 children)

Be like whales,buy the dips while everyone panic sells

[–]AgentMouse 239 points240 points  (61 children)

Be greedy when others are fearful.

[–]Livid_Yam 78 points79 points  (46 children)

Whales know exactly what they're doing.

[–]forthemotherrussiaPlatinum | QC: CC 1002 46 points47 points  (44 children)

Sir, how can I become a whale?

[–]portablebiscuitBronze | QC: CC 18 | PoliticalHumor 47 44 points45 points  (17 children)

Evolution

[–]DrudgelAll I want for Christmas is 1 BTC 16 points17 points  (16 children)

And determination

[–][deleted] 30 points31 points  (14 children)

They're joking, but it's true. You kind of have to evolve as a person, because there is a mindset to the movements in the market that are common for everyone who is succesfull in trading the swings of the market. You have to achieve that, and that takes determination to not give up even though you fail, which you will do a lot. The saying "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" is not just something people say, it's actually the core idea of the mindset you need to be in. A mindset which very few are able to follow and which can't be learned, but rather discovered.

[–]Upstairs_Tip_8959Platinum | QC: SOL 18, CC 113 | WSB 16 21 points22 points  (9 children)

Very true, but to become a whale you need to be loaded to begin with.

The easiest way to make a million is to already have a few million to begin with.

[–]bcyc 23 points24 points  (2 children)

By having a lot of money in the first place.

[–]901bass 2 points3 points  (1 child)

This is actually the way 😂

[–]AProfileToMakePost 9 points10 points  (2 children)

First you have to stop fucking selling

[–]LanskiiiiPlatinum | QC: CC 51 | Accounting 18 7 points8 points  (3 children)

Close your blowhole and blow really hard. Some previous experience is required.

[–]DrekomirTin 30 points31 points  (5 children)

Famous last words of Walrus Buffet

[–]tehcnicalTin | CC critic 10 points11 points  (4 children)

I'm a bit of a marine biologist myself

[–]DrudgelAll I want for Christmas is 1 BTC 2 points3 points  (0 children)

Hello fellow crypto investors

[–][deleted] 2 points3 points  (0 children)

I like sea food a lot

[–]Spy_v_Spy_FreakshowTin 1 point2 points  (1 child)

The sea was angry that day, my friends, like an old man trying to return soup at a deli

[–]_nkultra_ 1 point2 points  (0 children)

Titleist

[–]Littlejake11Gold | QC: CC 137 12 points13 points  (0 children)

When there is fear, DCA on the way down. When there is greed, take profits on the way up.

[–][deleted] 4 points5 points  (0 children)

Be others when fearful are greedy.

[–]HanditoSupremeRedditor for 6 months. 4 points5 points  (0 children)

But what do I do when I am “others”? I wasn’t prepared for this!

[–]Moby-S-DickPlatinum | 4 months old | QC: CC 693 2 points3 points  (0 children)

What if my friends are also whales

[–]ultron290196 48 points49 points  (15 children)

And sell when everyone is shouting "To the moon 🚀"

[–]Moby-S-DickPlatinum | 4 months old | QC: CC 693 11 points12 points  (13 children)

You guys can just follow my wallet

[–]ThemakingofChadRedditor for 4 months. 5 points6 points  (3 children)

User name checks out.

[–]Moby-S-DickPlatinum | 4 months old | QC: CC 693 3 points4 points  (2 children)

I can only assume yours does too

[–]Martian_Xenophile 4 points5 points  (0 children)

Mine does. Your species is adorable.

[–]ThemakingofChadRedditor for 4 months. 1 point2 points  (0 children)

I hope so. Been working on improving myself a lot this last year.

[–]Raaaaafi 11 points12 points  (8 children)

In all seriousness for a second. Can you actually imagine being one of the whales, knowing you have a shitton of BTC already, selling some because you know worst case if they are lost or gone you still have enough, best case you'll acquire more? I mean, more of the rarest asset on earth with the most solid and hardest fundamentals ever known to mankind. It's literally insane how whales keep scooping up more and more.

[–][deleted] 65 points66 points  (6 children)

more of the rarest asset on earth

Sir, there are 21 million BTC. There is only one of you. You, sir, are the rarest asset on this earth :)

[–]Raaaaafi 23 points24 points  (3 children)

You don't know how much I needed to hear this today. Thank you. Wow. It's a shame upvotes are limited to one per comment, comments and people like you deserve more. Have some moons instead.

[–]throwaway_clonePlatinum | QC: CC 495 | CelsiusNet. 12 7 points8 points  (1 child)

On the other hand, we're all unique and special. Just like everybody else

[–][deleted] 2 points3 points  (0 children)

it hurt itself in its confusion

[–]Madrizzle1 1 point2 points  (0 children)

Wholesome

[–]Moby-S-DickPlatinum | 4 months old | QC: CC 693 2 points3 points  (0 children)

Truth, I can only hope to get to the size of a newborn killer whale cub in my lifetime

[–]z6joker9Silver | QC: CC 72, ETH 20 | NANO 107 | Apple 44 1 point2 points  (0 children)

So, today?

[–]niloonyPlatinum | QC: CC 1193 14 points15 points  (15 children)

People like to say that misplaced FUD is driving prices down but they don't act on that opinion by buying when things get really bad.

[–]ValarMorgulosTin | Politics 13 23 points24 points  (10 children)

It's hard to know where the bottom is with FUD. I thought ETH would go below 1700, so I waited, and it only briefly got close, then shot back up. It's definitely a challenge to pick the right price point.

[–]DazingF1Shitcoins galore 13 points14 points  (7 children)

It went from $1700 to $2300 just a month ago. Just because we are now in the green compared to a week ago doesn't mean we haven't seen the worst yet.

This is why you take profits during a bullrun and DCA back in during times like these.

[–]CryptoBombastic 7 points8 points  (3 children)

People are so funny, they see a green candle and think they bought the dip. It's people like those that need to witness a bear market in orde to get their cryptocherry popped and see this space for what it is.

[–]DazingF1Shitcoins galore 5 points6 points  (1 child)

It triggers the same part of the brain as gambling does which is why people look at it as a game. Crypto, or stocks, can be absolutely exhilarating if you get lucky, but this is why I have a trading account that's only 5-10% of my portfolio and any decent profit I make with that either flows over to my long term wallets or I withdraw it to my bank account for some extra spending money.

[–]Life_Date_4929 1 point2 points  (0 children)

Any particular trading strategies you care to share? Most of my coins are hodling but I have been playing with trading with a small percentage of alt coins and curious to learn more.

[–]DevinologyTin 1 point2 points  (2 children)

I mean, sure, everybody knows that but the challenge with any market is predicting when those turns will occur.

[–]kdawg8888Tin | WSB 6 2 points3 points  (0 children)

I've stopped trying to buy the bottom. Is it low? Like, really low? Ok, I'm grabbing some

I did that for the past couple months. Probably should have bought more, but I was also prepared for further dips

[–]gilmeye 6 points7 points  (1 child)

My bank disagree. Something about "you don't have that kind of money "

[–]CliffordTheDragon 4 points5 points  (0 children)

Be wealthy when others are struggling

[–]w_savageCrypto is my personality. 4 points5 points  (1 child)

or at the very least, just don't sell.

[–][deleted] 1 point2 points  (0 children)

This...the whale becomes a whale from mystery over emotion. A loss for them feels less so than to a...well...non-whale

[–]reverendrambo 4 points5 points  (0 children)

Instructions unclear, swimming towards Sydney.

[–]tranceology3 2 points3 points  (0 children)

When whales buy the dip they make the price go up. When we buy the dip, it dips more.

[–]Sage2050Bronze | Politics 105 2 points3 points  (0 children)

"be rich"

ok let me get right on that

[–]MuffinfedsCrypto Knight 1 point2 points  (0 children)

Whale 101

[–]sick-of-this123Platinum | QC: CC 999 | LRC 5 238 points239 points  (23 children)

I contributed about 20 dollars to this. Yeah I'm a whale alright

[–]TheGiftOf_Jericho 4 points5 points  (0 children)

Get a load of mr money bags over here

[–]505hySilver | QC: CC 506, ETH 88 | BANANO 38 | MiningSubs 78 4 points5 points  (0 children)

Fat shrimp

[–]xsanchez21 3 points4 points  (0 children)

At least you are ahead of millions of people that own 0 bitcoin.

[–]Obito_DOS3Platinum | QC: CC 151 2 points3 points  (0 children)

Whale hello there!

[–]Vinc3dPlatinum | QC: CC 289 1 point2 points  (0 children)

Look at you splashing around with Moby!

[–]discipconsistTin 1 point2 points  (0 children)

HA! Small Fry! Just contribute $51!

[–]youeffohhh 83 points84 points  (4 children)

I didn't realise your mother was a bitcoin investor 🐋

[–]RedOneMonster 55 points56 points  (1 child)

I increased my position by over 50% while this sub was whining about going to $20k 😂 Be greedy when others are fearful

[–]GoatblortSilver | QC: CC 619 | BANANO 33[S] 102 points103 points  (15 children)

It was only ever about control. Unless you were a YOLO back in 2011 you won’t be able to reach institutional levels of wealth from your starting position.

But that’s okay!

Do your best. Secure your future. Ride that hump like the little barnacle you are.

[–]LightninHookerSilver | QC: CC 940, DOT 15 | BANANO 85 55 points56 points  (7 children)

Plenty of yolo options since 2011 and an outstanding amount of chances of making a shitload of money with crazy returns only since 2019.
Still people won't buy the dip "because it will dip more"

[–]DubiousSpeculationRedditor for 4 months. 26 points27 points  (6 children)

Seriously anyone thinking we are early for btc is delusional. We are just in time. No x10000 from here but still decent gains. Alts is where it's at now.

[–]SeaOfGreenTradesPlatinum | QC: CC 241 | DayTrading 8 | Science 15 15 points16 points  (4 children)

Youre right

Think about parabolic jumps. At 60k btc was a trillion asset.

600k it becomes 10T, 6m its 100T. Thats more than world.wide annual gdp.

Weve done about all the parabolic jumpong we can do.

[–]anlskjdfiajelfSilver | QC: CC 26, DOGE 26 | r/SSB 27 | Superstonk 200 5 points6 points  (2 children)

My goal is 500k to equal the marketcap of gold and then we take it from there.

So I'll take the 10x gain or so, it totally still has room for a 10x. 100x I'm not so sure about lmfao, alts are where it's at indeed, but the way I see it btc is almost a free 10x, I definitely still want some.

[–]SeaOfGreenTradesPlatinum | QC: CC 241 | DayTrading 8 | Science 15 3 points4 points  (1 child)

Oh no doubt it can and will make 1 more jump.

My point was, we wont see continual jumps beyond that.

.01 .1 1 10 100 1k 10k 100k. 7.5 jumps down. Maybe 1.5 to go. Maybe 2.5.

[–]CouchPotatoFaminePlatinum | QC: CC 120 6 points7 points  (0 children)

I'm a pimple on a barnacle's wart.

[–][deleted] 4 points5 points  (1 child)

Ride that hump like the little barnacle you are.

I'm honored you think I'm as big as a barnacle :)

[–]mrmilkmanPlatinum | QC: CC 158 | r/SSB 12 | Politics 23 2 points3 points  (1 child)

Some profit is still much better than no profit. A little goes a long way for regular people.

[–]NotyourregularthrowPlatinum | QC: CC 808 78 points79 points  (36 children)

Honestly, too much in the hands of a few whales is a little dangerous.

[–][deleted] 38 points39 points  (4 children)

Yeah, pretty soon they are going to dump to cash in and crash the market. So they can buy in again. Wash, rinse, repeat. There goes the little guys money.

[–]valuemodstck-123Platinum | QC: CC 392 6 points7 points  (0 children)

This was my issue with whales. It gives them a lot of power in the crypto market.

[–]DATY4944 5 points6 points  (1 child)

Just don't sell low..

[–]DeviMon1 42 points43 points  (2 children)

Well this is less than 1% of BTC marketcap so it's not THAT much. It's still billions though.

[–]virusamongusSilver | QC: CC 454 | VET 78 | Unpop.Opin. 35 14 points15 points  (0 children)

We've also seen it doesn't take a huge (by their standards) sell to cause some panic and a cascading effect, especially if you time it right

[–]penmaggotsBronze | GMEJungle 35 | Superstonk 197 7 points8 points  (0 children)

It's a lot. Market cap doesn't matter. It's about liquidity on the exchange. And people actively trading. Normal people won't day trade so they have no control over the price despite what the market cap is. The only thing that would matter is holding a majority monetary position while trading on the exchange. Then you can dictate price movement up or down. And it doesn't even have to be a big exchange, they're all connected to a certain extent to prevent arbitrage, not to mention they all trade the same way via algorithm. But even then it doesn't matter as they trade in millions and millions of fractional shares to bring the price up or down. The only price that matters is the last sale price. The crypto you are buying is from them. The crypto you are selling is bought from them. They move the price to do the opposite of what you do so that it's always buy low sell high. Always. It's the same panic algorithm that trades stocks. They want everyone to paper hands or diamond hands depending on where they can make the most money. Normal people will always be left holding the bag.

[–]DeckerRBronze | Politics 42 2 points3 points  (2 children)

You do understand that this is how crypto works, right?

People like to tout less regulation of a currency as somehow being a good thing for the little guy. Its the opposite. Whales are going to control more and more, then be able to simply make a tweet and gain 5% value instantly.

Monetary regulations protect you. Without regulation it would be 6 guys with everything, and everyone else holding their worthless shitcoin.

And you are not one of those 6...

[–]-kekik- 8 points9 points  (0 children)

Only if I had this kind of money

[–]Boring_Ad4003 23 points24 points  (13 children)

Let's say bitcoin gets to 100k

What happens to the price if all whales decides they had enough and sell their entire bags?

[–][deleted] 20 points21 points  (1 child)

A hypothetical like that would never truly occur

Chain reaction panic sell-offs can happen, and then those with conviction will scoop up at the lower price

Example, the March 2020 coronavirus crash from 9k to 4.5k, and the subsequent accumulation phase for 6 months afterwards

[–]DramzaPlatinum | QC: CC 244 8 points9 points  (0 children)

Whales are not bulltards who think it will go up forever, they will wait for the top and then sell most of their stack to the bulltards, then dump the price.

[–]niloonyPlatinum | QC: CC 1193 5 points6 points  (2 children)

Hopefully by that time wall street is comfortable enough with it that it's just a % of their portfolios they maintain. Unlikely to be a rush for the door. Though it does tie it even more to broader share market collapses etc.

[–]EarningsPal 9 points10 points  (0 children)

The broader market is flashing so many signs things are not as they seem.

Interest rates at historic lows

Record amount of fiat printed

Stock market PE ratio at historical highs

Bonds increasing while stocks still increase

Zombie companies + companies running a net loss has reached 2001 and 2008 levels.

During global pandemic and shut down, record unemployment, the market rallied to record levels. Billionaires earned more money in a pandemic than positive economic growth times.

Record housing and car prices, global shortages, cyber attacks, used car prices are increasing yoy.

Economic fall out across several countries

More stimulus plans

[–]Too_raw90 35 points36 points  (15 children)

Way to make me feel small.

[–]Everfury 4 points5 points  (0 children)

Breaking News: I Could Only Afford $200 of Bitcoin in Just 14 Days

[–]ledonskim754Bronze 4 points5 points  (1 child)

Don't panic, just buy a dips. Simple.

[–]ArtofZedPlatinum | QC: CC 785 | CRO 15 | ExchSubs 15 4 points5 points  (1 child)

They are talking about my 100€ ive thrown into bitcoin

[–]ElevenFall 4 points5 points  (4 children)

Forgive my simple mind but I find it ironic that bitcoin's purpose was to "decentralize" ie. take away bank/govt control over the currency...

And yet here we are, whales hold majority of the coins?

[–]deathtoluckyPlatinum | QC: CC 1008, ETH 26 | TraderSubs 26 5 points6 points  (2 children)

And then there’s me just trying to accumulate 1 BTC

[–]usmclvsop 3 points4 points  (0 children)

Feels like I'm trying to catch a falling knife. Think it'd take 12 years at my current DCA to accumulate 1 BTC -and that assumes the price stays flat.

[–]RaptureRIddleyWalkerTin 4 points5 points  (0 children)

Must be fucking nice

[–]JeanBonJoviPlatinum | QC: CC 522 | Unpop.Opin. 52 2 points3 points  (0 children)

We are plankton in the whales teeth

[–]DiateryPlatinum | QC: CC 536 | Technology 14 2 points3 points  (0 children)

I feel like a chipmunk in a tornado

[–]Obito_DOS3Platinum | QC: CC 151 2 points3 points  (2 children)

The Wyckoff is playing out as intended!

[–]Above-Majestic1776Silver | QC: CC 179 | r/CMS 46 2 points3 points  (1 child)

The institutions that are now gobbling up Bitcoin and adopting it are what bitcoin was created to go against!!

[–]squintysmiles 2 points3 points  (0 children)

Guess it didn’t work then?

[–]roote14Tin 2 points3 points  (0 children)

I loaded up another .005 BTC’s myself.
Ballin!!

[–]motorboatingurmomBronze | QC: CC 19 | WSB 49 3 points4 points  (8 children)

Crypto: Everything you hate about the current system but ten times worse....but backed by hopes and dreams of the rubes getting rich.

[–]BloodyfoxxTin 1 point2 points  (0 children)

It has always been like that for the last few years.

[–]moneymachine109Platinum | QC: CC 52 1 point2 points  (0 children)

just my weekly dca

[–]musthavebeenbunniesTin 1 point2 points  (0 children)

Hodl and pray.

[–]Embarrassed_Cow_5255Platinum | QC: CC 719 1 point2 points  (0 children)

Thats Slayor from multiple accounts.

[–]Some_wonBronze | QC: CC 16 1 point2 points  (0 children)

In a world full of sharks you need to learn to swim like whales.

[–]mucasahin 1 point2 points  (0 children)

Good job whales. We have to know how to be whale. I'm loser whale right know though.

[–]user_name1983 1 point2 points  (0 children)

Another pump and dump.

[–]AnticomunachosRedditor for 1 month. 1 point2 points  (0 children)

Billionaires realising bitcoin is deflationary and finite. They will only become richer.

[–]AmIMyungsooYetBronze | QC: CC 15 | r/AMD 50 1 point2 points  (0 children)

these sorts of annoucements confuse me, if someones acquiring that much btc then someone is selling the same amount. Are the market implications that if it's an exchange selling the btc, their reserves are getting smaller?

[–]Stone_Hands_SamPlatinum | QC: CC 23 1 point2 points  (0 children)

I don't really want to hear complaints about how just a few people have all the bitcoins, especially in the future.

Weve all known about Bitcoin for years now. And now I've watched firsthand how many of the dumb people sell their bitcoins to the smart people at precisely the wrong times.

No bitch to me