Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.
Whats happening with bitcoin?
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It looks like a normal day to me
Like in the good old days!
I dunno. Bought the dip - as always
What’s the difference between a dip and a falling knife?
Zoom out
This isn’t a falling knife. A falling knife is 66k to 16k. This is barely a dip
One stabby other naisu 😎
Just keep buying the falling knife and youre good
‘Good buy’ and ‘good bye’
It's a day ending in -day.
yup
If anything this is profit taking by the WSB degen crowd.
Long term upward trend should still continue about a week from now.
People should also realize that as we get more inflows from the ETF volatility will decrease. Fund managers with set allocations will sell/buy as the pump/dump crowd tries to manipulate the price. It's actually a good thing in the long run.
This looks like classic buy the rumor sell the news
Exactly.
Why not… buy the rumor buy the news though?
That sounds plausible. I imagine there were a lot of people who always intended to sell after ETF. Initially that was my intent back in September when I bought in, but I decided a while back that either way I'm in for the long haul.
Yeah I’m pretty sure it will stabilize and recover next week. People who bought into the “buy the rumor and sell the news” are taking profits, people who bought at the top and suffered losses yesterday are dumping for a loss.
Unfortunately it seems like BTC and related products are going to be even more violative for a few days. Hopefully things normalize and recover some next week now that the hype around ETFs dies down
Nothing wrong with taking profits. We can then use those profits to re-enter the market and increase our holdings at a discount while also getting some new sneakers and a fat bag of tendies
It's a dangerous game going forward towards 2025 though.
Taxes my guy, taxes
This is exactly what I did except I'm not buying anything but the dip. Waiting to see how far it drops before I get back in with the initial investment+ profits.... Wash rinse repeat
We going below 40k friend.
You spelled 30k wrong
Ceo of btc lowered the prices to make it more affordable.
What a great guy he is
News came in and got sold.
You both wrong, its Blackrock paperhanding already, 1 day was too much volatility for them.
BTC stock split
BTC dividend day
Reverse split.
Jennifer Aniston is selling Bitcoins for only $10, according to a video.
They plan to layoff employees , will help out its bottom line
Corporate restructuring
Printed more btcs to cover this months payroll and executive bonuses
ceo strategy is 5% discount sale after holidays!
I heard he had a serious conversation with that 4chan guy beforehand.
It doesn’t help that there’s problems with the BTC 737 Max that was created from the last fork.
Open door policy
PUMP N DUMP💀💀🤣
😆😆😆
I….. believe you…
It’s going down as you can see
It is also moving towards the right. I expect this trend will continue.
Wake me up when it goes left.
Wake me up when september ends.
Hey, you. You're finally awake. You were trying to cross the border, right?
I'll be gone till November
That shit happened on daylights savings and tripped me the fuck out
It also is displaying a more reddish hue than before
Hello I am a Bachelor in Physics. I would like to confirm that dt > 0
Turn your phone upside down #bigbrain
And it's doing it quite rapidly
Thank you all for your brilliant insightful technical analysis
Calm down guys, this happened because I bought yesterday.
Next time tell us, i bought 3 days ago and could've used the warning⚠️
WHERE THE FUCK IS MY LAMBO?!
Have you looked outside yet today?
Yes, all I see is a 1980 yellow ford pinto
No I think it was me, I managed to buy the absolute top and two seconds later the dip began.
I will fight you for the right!
Nah it was me. I fomo'd in a few thou at 48k.
Living up to the name 🫡
Can all of you stop taking taking credit for Cramers work everyone knows it’s going down because he said it’d go up
BTC is now dead.
/s
This is true. My dad works for BTC, and they are planning to lay everyone off.
true, the US government controls it now. BTC is just another big stock now.
Haha are serious?
Yes, BTC CEO just told me.
😂
Sell pressure from GBTC.
Should not have needed to scroll this far down to finally see an analysis opinion. I love the jokes but this sub lacks actual analysis.
The sub is kinda trash, I really only come here for the LOLs when the price goes down.
Fools
Yupp
Looks to be a classic moving to the right scenerio.
Best tech analysis I've read in years, gonna copy it.
I prefer when it moves to the left honestly. Memes are better whenever that happens.
If you're invested in Bitcoin, you should be prepared for as much as a 30% swing at any time. $46k to $44k is noise.
I'm buying the dip FUCK YALL
I'm cool if it drops another 10K or so then I'll buy the dip
I'm counting on it. Ppl here think btc would explode with these lame ETF's, but we know better.
2025 is where it is, and always has been, at. So gimme those dips and lets shake some paperhand newbies.
yup, there was a big jump in 2019 and some people thought "this is it!" but it was too soon after the 2018 crash.
it's not that there's a pattern, but that people need time to A. secure liquid capital, B. forget the woes of the past, and C. see a little momentum that excites them.
this recent doubling just mirrors 2019's "it's not dead!" rally.
but it isn't the big spike.
I approve of this. Our support is technically down near 30-33k
The resistance at 48k was expected and hit perfectly
This isn’t a dip
Shits on sale bros! Buy!
Selling news if I had to guess, remind me in 3 months
Yup. Same shit. New cycle. Wait until they see the month surrounding the halving. Hoping for a pull back near 30k. We will see tho.
Oh boy I’d love for us to pull back that much. I’d put a nice chunk of change in around those prices.
Where were you when it was at 18k?
Poor
150% up in a year and people freaking out about a lil profit taking. My goodness
When in doubt, select 3m or 1yr chart to see where we have come.
I find a 15 second window really calms my nerves...
Comment deleted by user
And the 1sec chart is for when you run out of cocaine
maybe a 10y chart
Dips are for buying not crying
First rodeo?
There are lots of dynamics at play. Just focus on the long term: ETF likely to bring more inflows over the next few years and the halving is in April which will reduce the supply. Not much more you need to know
The halving will reduce the rate of the supply increase. The supply of BTC will continue increasing for the next 100 years.
But you left out the growing demand.
Everyone panic sell!!!!!
Been holding since 2016, but this convinced me to sell right now.
But high sell low
If only someone had warned us things might be volatile for a while.
I see buying opportunities.
This isn’t even a 5% price movement, everyone needs to grow a pair of balls. Chill children
Same story that destroys the noobs profits every time. They buy then 2 days later sell at a loss in a panic and the whales scoop up their coins. You cannot help these people. Just accept they will always lose.
Just passed 5% lol
You should see how people react to 1-5% swings on /biz/. Never seen the words "pump" and "dump" misused so often. Must be a lot of new people in the game.
Edit: spelling.
Overleveraged bitches say wha?
Turn your screen upside down, problem solved.
Still goes down bud
Or move to Australia
Its over. The ETFs killed it. Time to wrap it up and go home.
There are regularly dips as much as 50% during past bull markets. This is nothing to worry about
Bitcoin go up Bitcoin go down
Sometimes maybe good Sometimes maybe shit
Oh no! It looks like we've retraced back to *checks notes* the price of BTC 4 days ago
Bitcoin is introducing all them etf newbs to the party
A few days ago people were spreading FOMO that this is the last day you could buy BTC 🤣🤣
It’s because you touch yourself at night
Grayscale selling
Exactly what it looked like it was going to do;
Hit the resistance at ~48k and drop to build more market structure
Our support is technically down near $30-33k. I could only dream it gets that low...
I wouldn’t hate if bitcoin nuked to 20k, all these new bitcoiners would gain an appreciation for it and I could double up my bag again
I’d drain my 401k if we went to $20k
And to think it was at 20k last year this time, wish I would've bought more than I have now. Won't make that same mistake again
I will be making all new mistakes myself.
it's been 12 days since 2024 and we are still not millionaires. so people are giving up.
No worries, it will go even lower
Did you forget to say “weeee!!!”
The market has been driven up in the last few months in anticipation of the EFT - the ETF is here - the profits are being realized...
Business as usual
China banned bitcoin again?
Oh no, it’s sunk to levels not seen for… 11 days
Priced in. Retracing before the halving. This always happens. Every. Single. Time. We will see the 30s again. Post halving, we will go on another run the second half of the year.
Keep stacking.
2025 has always been the goal. I'm counting on another big dip, and I'll be ready to buy.
Welcome to Wallstreet manipulation. Now that there is an ETF. They can buy Bitcoin on the exchanges. Short Bitcoin ETF then dump Bitcoin on the exchange. It's a free money machine.
Exactly, all the ETF did was make it easier for Wall Street to manipulate the crypto market like they have been manipulating and shorting the stock market. Congrats 👏 Wall Street is now all in on the game & manipulation
It's doing what it's always done: "be unpredictable".
I almost feel sorry for OP, who's clearly a noob. One does not ask these questions.
I'm still showing we're up 1% for the week, 8% for the month, and 135% for the year. You gotta chill out and zoom out a little lol.
Hedge funds are naked short selling btc etfs to help bolster the feds usd shitcoin.
OMG BTC is dead once again!
Please dip back to 17k so I can buy in 😌 thanks
Give it a week. A lot of money shifting around.
$50k very very soon.
Yeeeeeeeeees... finaly here comes 12k.
I’m buying in at $120 personally.
I'm gonna wait until 8k to buy back in. Unless it actually gets to 8k, in which case I'll be too scared to buy in, so I'll wait for 4k.
That’s exactly what I said when it went back down to 16k. 20k was my all in price, then 16k hit and I was like “nah it’s going way lower”. Never bought in and here we are.
So many newbies
Getting set up for a buy!
Sorry my bad. Every time I buy bitcoin I stop the high run.
Correction because big boys fix the profits after overexcitement about ETFs approval. There are no fundamental reasons why bitcoin should drop. Bull market will start soon.
Watching price drop and buying more.
gensler talking shit about bitcoin on cnbc earlier today
I feel like you might be new OP, so here is something to know about crypto:
Going up or down ~10% in 1 day is something normal in crypto.
Going up or down ~30% in 1 week is also normal in crypto.
When people say the crypto market is highly volatile, this is what is mean by that. If you believe in the asset, have done your due dilligence, have compared with other assets, understand the crypto market, have a basic understanding & experience in the crypto market, invest what you are willing to lose, and have a plan. You'll be fine
People are pumping and dumping. It all comes back to the approval of the ETFs. The thinking behind it is new capital would come in and raise the price. As people take profits off the table, the price goes down.
Mooning through the earth I guess… don’t care never selling
You know, if everyone would just buy and set a limit sale at a higher price, the price would only go up. But, Everyone would have to do it.
To me it looks like the price of a singular bitcoin is decrasing or at least has decreased in the past 2hrs
Jim Cramer, was it you?
Correction, as many intelligent people are selling right now, people that are buying with fomo learn their first lesson
The good news is Jim Cramer is probably saying sell
Found the ETF guy!
Why worry now?
BTC preformed well and was worth holding without the ETF approval. Now 11 ETF need BTC supply.
A new amount of BTC must now sit in these funds, worldwide.
Now retirement accounts, tax free money, can sit in BTC. The amount of new money that could never have gone into BTC can not go into BTC without having to learn anything.
*Buys more sats*
It's on sale! Buy some! I know i did
That’s called “the dip”
Normal day to me after a News Event . It will drop Even more but i only know shit hodl since 2013
You must be new here. Patience young grasshopper.
Just bought a bit more, I always like a discount.
It's because I bought @ 48k so now I will have to buy again
It’s called a “buy signal”
oh no it’s all the way down to where it was a cpl days ago!! 😱
Wall Street has entered the chat
The whales sold and got they money back. Then they gone rebuy it again at a lower price 🤷
It’s just the name of the game not everyone is holding til it reaches a million.
U know what they say when everyone’s buying ur selling. Don’t be too greedy and get ur bag.
Right now they prob profited or broke even, and buying the dip while yall are holding on wondering what’s happening.
Because,..I bought a ton of ETF yesterday
Do the Bartman
Sell the news. Whales are not done accumulating
I can't see anything. Oh wait! I am on the monthly timeline...
First time?
It’s making blocks every ten minutes.
The harder they'll come. The harder they'll fall.
Everyone was waiting for a god candle and they forgot that candles melt.
CEO sold some of their shares
Getting dumped on…
It’s over. This is the first Forever End of Bitcoin for 2024. Look forward to many more.
People are just taking profits now, instead of when we're on the moon.
My sincere apologies, I should have let y'all know I bought yesterday
Time to buy at a discount. Don't leverage. DCA + HODL.
I made a big buy so this always happens.
Buy the rumour sell the news is what’s happening
A buying opportunity
It's as if it's hard to predict macroeconomic events! Omg! What a surprise!!
They sold the ETF news, everyone bought it and now reality kicks in.
Here come the Newbies.
Hit the top, sold the top, drop, dead cat bounce, new top
SELL! SELL! SELL! 💥📉💣🚒 BTC IS GOING DOWN! 💥💥💥
You guys got rugged by the SEC 😆
The suckers are holding the bag
When an ETF is trading at a premium to its underlying value, authorized participants may sell short the ETF during the day while simultaneously buying the underlying securities. At the end of the day, the authorized participant will deliver the creation basket of securities to the ETF in exchange for ETF shares that they use to cover their short sales. The authorized participant will receive a profit from having paid less for the underlying securities than it received for the ETF shares. The additional supply of ETF shares also should help bring the ETF share price back in line with its underlying value.
People shorting the ETF?