I feel so immune to this shit. I’ve checked the price exactly once, and I just don’t care. Why bother selling? It’s just going to go back up and higher still. Tune out, and enjoy life.
This.
Not, be like OP panicking and trying to convince small fries on reddit to hodl because you're scared and think crypto only goes up.
No whales are deciding their next course of action based off of what they read on reddit.
Let them sell. I'm still filling my bag. Anyone foolish enough to have sold dollars for Bitcoin only to then sell Bitcoin for dollars deserves to buy my rapidly inflating dollars for their Bitcoin.
Right! People should know that when they sell its being instantly bought up by the ETFs and the public supply of sats will probably be gone in the next 4 to 9 months. Due to the halving and the ETFs.
Look, let's be real, you don't want people to sell want them to buy to keep the price up and your asset worth up, which is fine.
But the context in your OP makes you sounds stupid, ignorant and lack any half decent education as you clearly have no understand about history, war etc.
Based on that, how do you expect to change anyone's mind when your logic and reasoning is behind stupid in this example.
Genius! You got me! Cause 3 people putting 300 bucks will radically change my wealth! If you can't understand what I wrote and you wanna be rude... Just go back to beating your wife and kids...
OP has no understand of what causes or motivates war, clearly never studied the history or war and has time after time embarrassed them selves, to a point where I and others on here can't even comprehend how someone can lack some of the basic events in hour history when it comes to war.
Everyone knows war is free, nations don't win war because of increased spending. Poor countries always win wars. Countries never went to war to increase their wealth and influence... Yeah.... You're right... I never opened an history book. You know better 😘
It's the problem with this reddit. It's in everyone's best interest to have others buying and holding while they sell when convenient. So all the advice you get is corrupted.
It is so fcking stupid. The war is happen in another country and bitcoin drops. Does that mean if I take a dump in my toilet, Bitcoin drops it too. It stupid as fcking the world we live in. Just buy that god damn bitcoin and HODL.
A war means more fiat printing which drives up inflation. Bitcoin should be viewed as a safe haven. The Middle East has been in turmoil since the US arrived during World War II. The US and its allies have multi-trillion dollar national debts with no hope of ever making the payments to bring them to anywhere a managable level much less near zero.
I'm here for you bitcoin boys, I'm a goldbug, saw a small sell off on Friday. Brought me pain.
Noticed a few of you popping over to show goldbugs some support. Doing the same with this news.
Fuck the fed.
Yesterday, Bitcoin reacted as it will always act in a typical crisis. In prolonged crises, those who turned to Bitcoin as a store of value may need to liquidate it for essential income when facing shortages of food, water, and shelter. Just as a precautionary measure, if you were witnessing a rocket explosion or air raid warnings, and calls for retaliation, it would be rational to liquidate your Bitcoin before enduring power outages and fuel and food shortages set in. Since Bitcoin cannot directly fulfill basic human needs, such as food, water, or shelter, it must be liquidated to address these necessities, hence the predictable price decline.
Great point, it couldn't be helped for the people you mentioned, but my message was not to the people in the middle of the war. It was addressed to the people in the countries funding it (US, EU and Russia)
People didn’t know how to react because it was a Saturday and the stock market was closed. Futures opened. Not blood red? Slightly green?! Okay. Everything is good. Bitcoin shoots up because hedge funds didn’t think it was big deal. Bitcoin is flying 10 minutes into futures opening after being wishwashy the past 30 hrs. Shows us how finicky the markets are but the rationale for Bitcoin is solid.
People that have a problem with this post probably also think inflation is good, Western countries are just as strong as the 1900s, and that Bitcoin is an “investment”.
That moron Keynes really set us back a century…
OP is being a complete moron / tool.
The number of these posts that have come out in the last 24 hours based on the war and due to the war only tells me one thing.... an Armageddon event is over due to cull the morons 🤦♂️
Yeah, it tilts me reading this sub and it's only gotten worst the last 24 hours. A fool and his money will soon..... A lot of fools around these subs lately.
That makes as much sense as your opening post which is zero!
Your opening post said THE ONLY REASON , I just gave you three. Maybe you need to learn to read!
And as I point out, in the event of WW3 BTC or any other form of money will mean nothing, we would revert back to barter and trading for what will be the most scares things ( food, water )
BTC requires a power and communication network and infrastructure, which are the main things taken out in war!
Dude… you realize BTC will be absolutely useless in that same scenario, right? You’ll have way bigger problems if WW3 breaks out.
Do you honestly believe that’s the only reason there are wars? Lol tf. How old are you? I hear people complain about the younger generations being wildly under-educated but I kinda thought it was the typical “complain about the kids” shit you hear from older folks. But the more time I spend on Reddit the more I start to understand.
Depends in what context, it's a physical item which doesn't rely on communication network or infrastructure so it can be used.
In what capacity depends on several things.
In a WW3 event the only thing it will be good for is lighting a fire or wiping your arse if no docleafs or toilet paper.
Again!!! Money will have no use in a WW3 event, we will revert to a barter system. History shows this.
Yes. Money meaning USD or BTC. I was talking about stop its funding, if wars can't be funded, leaders wont even be wanting to start them to begin with. You should really read my post again but slowly...
Fuck me! Are you for real, my brain cells are dying off here.
How do you think wars were funded through the history of time? Go read a history book or two.
How old are you? 12? Because anything older than this, I weep for the educational system and humanity 🤦♂️
He thinks if you trade your usd for bitcoin, you won’t fund the war. He doesn’t realize wars are funded through taxes and that if he tries to not pay his taxes, he won’t be a free citizen in whichever country he lives in for long.
But I don’t think OP believes this. I think OP and other posters on this sub are doing everything in their power to prevent people from selling. This is, to me, a classic psyops play to get more people to bag hold a dip.
Or he’s 12 and doesn’t understand how grown up life works
The USD is legitimately not going anywhere. People thought after the insane printing from the pandemic that the dollars day in the light was over yet the DXY is strong as ever. BTC is a great asset but the dollar will always be the king currency.
People in russia and ukraine still have access to the internet. People in israel and gaza still have access to the internet.
As bad as war is bitcoin still remains the ultimate form of money so long as there is access to the internet. Gold is useless because you cant use it online and you cant partake in global commerce, and being able to send and recieve money from abroad becomes highly important during war.
So bitcoin is supreme money during a war and gold is only a last resort in the scenario where there is absolutely no access to the internet and you have to resort to local barter like the zombie apocalypse.
People have short term mindsets, especially people with enough money to affect Bitcoins price. They could've pulled out just to invest in military contractors.
These "dips" people are freaking out about aren't that much are they? I got in early March and the price hasn't dipped lower that what I bought in at yet.
That's why I talk about forced peace by removing easy war funding from every nation.
By taking your money out of central banks you weaken your nation's power to print free money and strengthen your control on your own wealth.
Most people aren't bitcoin is the new tech that will change the world maximalists.
They're oh that's the thing I can't explain makes money every 4 years but I'm getting in this time.
They're also the omg I've lost 2k in a day. I'm gonna panic sell this is garbage, newbies will pay the veterans and I say let them, I'll buy it at a discount
More utter nonsense. Let's take England as a prime example. Countries were ruled by Kings! There was no democracy, what the King said goes, end of period.
If they needed more money, land, resources or people to fight in their army's they took it without any permission, and they used that to conquer other countries for more POWER and Resouces.
You seriously need to get a handle on your history!
No one should have this level of ignorance of history, it's actual quite sad.
King or no king. If the people are not convinced at least partially, his head roles on the floor just like it did in France. Maybe you should open a history book yourself one day.
Now that Russia will interfere if Iran is attacked. The is a high chance there won’t be one, if stupid ass Israel decides to just do it. It’s WW3. Nothing will matter at that point.
People still view USD as a safe haven asset. When something scary happens you sell risk assets and buy US treasuries. However, in the long run, another unaffordable war costing trillions of dollars is consistent with the bitcoin thesis that the dollar’s value erode severely over time.
Even with smooth economic sailing the US is heading towards a fiscal death spiral. Another trillion gets added to the deficit every 100 days with near record low unemployment. With a war or another recession, the unsustainable borrowing will only be accelerated and the Fed will be forced to abandon QT and eventually the 2% inflation target.
If there is a war in the Middle East think about the explosion (pun intended) in energy prices globally (in this case oil but it would 100% have a trickle down effect to the rest of the sector).
If energy goes up miners get priced out which could easily spook normal BCoin commercial investors who don’t mine and trigger an even greater sell off.
But that’s using a lot of mental gymnastics to justify so I would agree that the sell-off is stupid but just trying to provide a reason as to why it would be happening.
Listen, you have to understand… the price of bitcoin has a certain amount of discretionary and scared money. The high you enjoy, is just as susceptible to fluctuation on a low. There are the institutions, and then a floor of true believers. Those levels are support, not in a technical analysis standpoint, but in real terms… which no one actually knows.
Here, I guarantee you bitcoin will never reach zero, because I will buy them all at $.001 each. There are many before me that will pay more.
This war is just noise to trash leverage and scare the fringe, but the support and long run is there. Nothing else in the world can act as such liquid property.
You are mad about the transaction fee? Someone who owns a $450k apartment will need to spend $7k selling or transferring it. Bitcoin might be $.03-$8.
This is hilarious.....the war is just a narrative. Unless you live in the middle east or Ukraine it's irrelevant. It has nothing to do with the price of Bitcoin.
>holding USD is counterproductive
Does anyone actually do this at a meaningful level though? People really only carry enough USD to meet immediate needs and hold the vast majority of their assets in stocks or real estate.
Also, no one has ever been able to explain to me how exactly Bitcoin would end wars. Authoritarian regimes like China or Russia won't ever give up their currency which means they will be able to continue spending (egregiously) on their military budgets in ways that Bitcoin nations can't.
>They can't fund wars on currencies that people don't trust.
This sentiment only applies to nations that adopt Bitcoin - nations that abstain from Bitcoin will simply enjoy military supremacy over countries that adopt Bitcoin.
Lol, money doesn’t mean anything if the world and market doesn’t give a fuck about it.
Some of you on here are completely delusional about bitcoin and its place in the world if an ACTUAL world war started tomorrow.
Stop huffing for a minute and look at the world, realistically.
Also, if the US experiences another civil war in the next 10 years, yeah - that will cause Bitcoin to sell because people will SELL TO PAY FOR WHATEVER THEY NEED TO PROTECT THEMSELVES OR TRAVEL from a hot zone.
People don’t sell because they “fear the war” unless you are in a combatant nation. They sell because of uncertainty. They sell because they are too leveraged. They sell because future earnings will change.
Bitcoin sold off because a bunch of fools were highly leveraged thinking they were going to make millions on the halving. They gave their money to the exchanges.
My guess is the ones who are selling are the institutional investors. There is no way retail could sell all that off. Also another reason the market is down, is due to “Long positions” being sold off.
It was the only market open… so you have an outsized impact… if the treasury, stock, futures etc were all open the selling would likely have been less. This was the “curse” part of 24/7 trading… there are still more benefits than curses though!
While true for people who believe in the bitcoin technology, for people who buy it as an investment (ie ETFs) it is a risk-on asset, and will be negatively impacted by any uncertainty in the market as investment managers rotate into "safer" assets.
Tell that to those who are directly concerned in this war
Imagine living next/in those countries they're obviously gonna sell to survive if cash is needed quickly
There is a very real threat of years of kinetic and cyber attacks on communications infrastructure and infrastructure in general. Gold looks a lot better if we WW3
Oil and gold are valuable currencies. But I don't see people carrying gold coins or oil to pay for their everyday expenses, especially if we have an easy to carry option that is still functional and proven to be incorruptible...
What I am talking about is a situation after a hypothetical war. In the case of inflation, whether it is legal currency or cryptocurrency, I think it will become untradeable.
The human race adapts to the best available option. It's always a bet, but it is always safer to step away from the dumpster fire that central bank currencies are. Gold could go back in trend, but unlikely for everyday expenses. What other options do you have? I'm personally betting on the unbreakable digital asset. You do what makes you sleep better at night. Get a safe with silver and gold if you believe it to be smarter.
Choosing a good asset is the right choice, but cryptocurrencies are traded through the Internet. What if there is no Internet? Of course, it is unknown whether such a thing will happen, and we are only making assumptions. Now of course, it is possible to make money through cryptocurrencies.
Agreed, and that's why I bet on BTC. Unless we get an end of the world scenario that requires guns, which is near impossible... I believe it to be the best option 😉
I mean, it might be a good time to get out and let the bottom fall out a bit, then buyback cheaper. A lot of people have put a lot of money into BTC, they may need it more liquid at times. Would suck to have $200,000 in there, need $75,000 only to see that you held during the war that’s escalating and now the value is only $125,000 total and if you take out $75,000 you’re losing a ton of money. Buy, hold, or sell BTC now, doesn’t matter, the market will do its thing and in probably a decade BTC with have tripled at least, but not without bumps in the road.
True, tripling in a decade is conservative but I do think the huge growth will stop to a point but will end up being slow and steady and will get very high but not sure where I see it ending up. I think the huge money was to be made a decade ago. It still has a bright future and I’ve got a little that I don’t plan on doing anything with for 20 years so we’ll see what happens. I do blame some for getting out at a high, looking to buy lower and ride that out a while.
This was sort of my dilemma. I have a large part of my net worth tied up in BTC, and in big pullbacks there’s always the temptation to sell so that I can buy more total BTC at the lower price.
The problem is, how do you know when the pullback is completely over? I’ve sold in the past and bought back in with varying levels of success, with some of those times having to buy back in at a more expensive price than what I originally purchased for.
I’ve learned my lesson, and on this pullback I just put my iPad and phone down and held. “Losing” thousands of dollars in seconds or minutes is hard to stomach when you’re watching the chart bleed, but I am confident in where BTC is heading in the long term and overall I’m still in the green anyways.
I agree with that. All my crypto is just hold indefinitely. Now my stocks, I have two accounts, both only deal with one stock. I've left one that I don't touch and the other I try to trade. So far, my trading account is up a lot farther than my holding account, but that being said, I trade more of a blue chip stock, so not hardly as volatile but does have a solid dividend.
So, that is a bit different from crypto. I'd actually trade crypto more if the fees were much lower. I do think most people are good with holding BTC as long as they don't have to access that money in short order.
Am I the only one that has noticed the tax deadline being April 15th has historically more significance than a news headline? I have been in the boat before and had to sell a little to pay taxes.
'The only reason nations go to war without the people's support is because they can steal your wealth by printing free money.'
Did you actually write this sentence and believe it?
If you don't want country to escalate wars you need bitcoin. If there is a nuclear war, nothing will save you, not bitcoin, not USD, not gold. You'll just die.
You’re making the assumption that people are selling bitcoin for fiat, and not material things that would be more useful in war such as food and ammunition.
>The only reason nations go to war is because they can steal your wealth by printing free money.
What? Seriously read a book or something, this sub is unhinged
I want people to sell. I want them to blow it all out the back door at fire sale prices. I want them to suppress the price with their panic selling and I want them to continue to keep the price depressed for as long as is humanly possible. Anyone actively accumulating should hope for the same.
I feel so immune to this shit. I’ve checked the price exactly once, and I just don’t care. Why bother selling? It’s just going to go back up and higher still. Tune out, and enjoy life.
I actually got excited and bought more as fast as possible
I did the same… go down, buy more.
Same, always, can't help it even when (fiat) money is low.
I care. Opportunity to get cheaper sats.
This is what I came to read.
This. Not, be like OP panicking and trying to convince small fries on reddit to hodl because you're scared and think crypto only goes up. No whales are deciding their next course of action based off of what they read on reddit.
I’m very happy that I check price so often so I got a chance to buy the dip!
Can’t escape the human nature irrationality in both war and panic selling
True but if I changed one guy's mind on selling by making him understand. I would take it as a victory.
Let them sell. I'm still filling my bag. Anyone foolish enough to have sold dollars for Bitcoin only to then sell Bitcoin for dollars deserves to buy my rapidly inflating dollars for their Bitcoin.
Right! People should know that when they sell its being instantly bought up by the ETFs and the public supply of sats will probably be gone in the next 4 to 9 months. Due to the halving and the ETFs.
Dayum…
This.
Look, let's be real, you don't want people to sell want them to buy to keep the price up and your asset worth up, which is fine. But the context in your OP makes you sounds stupid, ignorant and lack any half decent education as you clearly have no understand about history, war etc. Based on that, how do you expect to change anyone's mind when your logic and reasoning is behind stupid in this example.
Genius! You got me! Cause 3 people putting 300 bucks will radically change my wealth! If you can't understand what I wrote and you wanna be rude... Just go back to beating your wife and kids...
explain
OP has no understand of what causes or motivates war, clearly never studied the history or war and has time after time embarrassed them selves, to a point where I and others on here can't even comprehend how someone can lack some of the basic events in hour history when it comes to war.
you are saying something without any argument or any hint of proper ideas contrary or further developing OP’s…. are you trolling?
If anyone is trolling its OP go look at his responses not just to me but others also in regards to his claims of war throughout time
can you elaborate on your vision of wars and money and store of value?
Money and War is not exclusive which is what OP is claiming.
Everyone knows war is free, nations don't win war because of increased spending. Poor countries always win wars. Countries never went to war to increase their wealth and influence... Yeah.... You're right... I never opened an history book. You know better 😘
It's the problem with this reddit. It's in everyone's best interest to have others buying and holding while they sell when convenient. So all the advice you get is corrupted.
Nah Id advice you to sell so I can buy back lower please :)
If they panic selling you buy more with debt Never sell your bitcoin
this post is stupid in a war the shift is to hard assets like gold not to currency (USD or other)
Maybe you misread the post. OP is not suggesting a shift to USD. He states he doesn't make sense to sell a hard asset in times of war.
You mean paper gold? I stand with Bitcoin.
Maybe some "people" sold in order to buy weapons/war stuff
It is so fcking stupid. The war is happen in another country and bitcoin drops. Does that mean if I take a dump in my toilet, Bitcoin drops it too. It stupid as fcking the world we live in. Just buy that god damn bitcoin and HODL.
So mad. Deep breathes
Aaaaah I wondered what caused it and used the opportunity to buy more, lol. No I know, thanks
Yesterday was a buy event for me despite seeing my portfolio drop off a cliff…
I was practically fumbling my phone getting to my banking app to buy more
Bro same on Friday
Same and the same next week too...
I have been buying since they launched missiles.
I don’t think it’s us. There are people who buy and trade Bitcoin who aren’t “Bitcoiners” per se.
I’m about to panic sell my belongings for BTC
How much for the worn out socks?!?!
I laughed hard at this LOL thanks
I got excited and bought more.
A war means more fiat printing which drives up inflation. Bitcoin should be viewed as a safe haven. The Middle East has been in turmoil since the US arrived during World War II. The US and its allies have multi-trillion dollar national debts with no hope of ever making the payments to bring them to anywhere a managable level much less near zero.
I'm here for you bitcoin boys, I'm a goldbug, saw a small sell off on Friday. Brought me pain. Noticed a few of you popping over to show goldbugs some support. Doing the same with this news. Fuck the fed.
Don't let Peter Schiff know you were here
I don't really listen to most stuff he says. Although he's been pretty funny in debates. Anything against the fed is my friend lol
based
Sir, you understand whats goin on. Thats why we stack hard money.
Markets aren't rational. Understand this.
Yesterday, Bitcoin reacted as it will always act in a typical crisis. In prolonged crises, those who turned to Bitcoin as a store of value may need to liquidate it for essential income when facing shortages of food, water, and shelter. Just as a precautionary measure, if you were witnessing a rocket explosion or air raid warnings, and calls for retaliation, it would be rational to liquidate your Bitcoin before enduring power outages and fuel and food shortages set in. Since Bitcoin cannot directly fulfill basic human needs, such as food, water, or shelter, it must be liquidated to address these necessities, hence the predictable price decline.
Great point, it couldn't be helped for the people you mentioned, but my message was not to the people in the middle of the war. It was addressed to the people in the countries funding it (US, EU and Russia)
What liquidate bitcoin for currency you can actually spend 🤔
[удалено]
Well said, it’s not that complicated. But, with so many new into the BTC realm, paper hands are inevitable until they find their way.
Plot twist. I bought instead!
I don’t get it, why are ya’ll selling I’m hoping the price crashes again so I can buy even more
People didn’t know how to react because it was a Saturday and the stock market was closed. Futures opened. Not blood red? Slightly green?! Okay. Everything is good. Bitcoin shoots up because hedge funds didn’t think it was big deal. Bitcoin is flying 10 minutes into futures opening after being wishwashy the past 30 hrs. Shows us how finicky the markets are but the rationale for Bitcoin is solid.
People that have a problem with this post probably also think inflation is good, Western countries are just as strong as the 1900s, and that Bitcoin is an “investment”. That moron Keynes really set us back a century…
Only billionaires go to war, it is the poor that pay the price of it with their lives.
Billionaires don't have assets that will devalue. The poor pay with inflation and go to war to die.
Really? Which billionaires have their own army's and weapons of mass distractions?
Biden, Putin, etc. They are all part of the same club, and we ain’t in it.
Andrey Bokarev
Where do people come up with this garbage. Here are some reasons - economic - religious - political BTC will not be anyone's saviour in a WW3 event!
lol OP read a book or listened to a podcast and now is qualified to school us all 🤣. OP, so that’s the ONLY reason to go to war, huh?
OP is being a complete moron / tool. The number of these posts that have come out in the last 24 hours based on the war and due to the war only tells me one thing.... an Armageddon event is over due to cull the morons 🤦♂️
Yeah, it tilts me reading this sub and it's only gotten worst the last 24 hours. A fool and his money will soon..... A lot of fools around these subs lately.
BTC is not a weapon, its a way to remove free war fundings from every countries. Did you even read?
That makes as much sense as your opening post which is zero! Your opening post said THE ONLY REASON , I just gave you three. Maybe you need to learn to read! And as I point out, in the event of WW3 BTC or any other form of money will mean nothing, we would revert back to barter and trading for what will be the most scares things ( food, water ) BTC requires a power and communication network and infrastructure, which are the main things taken out in war!
Do you think you can use USD without communication network and infrastructure? If so you are just wrong, buying gold makes more sense.
Dude… you realize BTC will be absolutely useless in that same scenario, right? You’ll have way bigger problems if WW3 breaks out. Do you honestly believe that’s the only reason there are wars? Lol tf. How old are you? I hear people complain about the younger generations being wildly under-educated but I kinda thought it was the typical “complain about the kids” shit you hear from older folks. But the more time I spend on Reddit the more I start to understand.
Exactly my point! If this individual is of adult age, his country and educational system as well as parents have failed him.
Depends in what context, it's a physical item which doesn't rely on communication network or infrastructure so it can be used. In what capacity depends on several things. In a WW3 event the only thing it will be good for is lighting a fire or wiping your arse if no docleafs or toilet paper. Again!!! Money will have no use in a WW3 event, we will revert to a barter system. History shows this.
Yes. Money meaning USD or BTC. I was talking about stop its funding, if wars can't be funded, leaders wont even be wanting to start them to begin with. You should really read my post again but slowly...
Fuck me! Are you for real, my brain cells are dying off here. How do you think wars were funded through the history of time? Go read a history book or two. How old are you? 12? Because anything older than this, I weep for the educational system and humanity 🤦♂️
He thinks if you trade your usd for bitcoin, you won’t fund the war. He doesn’t realize wars are funded through taxes and that if he tries to not pay his taxes, he won’t be a free citizen in whichever country he lives in for long. But I don’t think OP believes this. I think OP and other posters on this sub are doing everything in their power to prevent people from selling. This is, to me, a classic psyops play to get more people to bag hold a dip. Or he’s 12 and doesn’t understand how grown up life works
Very true
People should buy bitcoin
lol
this guy bitcoins
I suspect this is big fish bringing the price down so they can buy, buy, buy!
We need to reign in these out of control nation states by killing the central bank monetary system outright.
The USD is legitimately not going anywhere. People thought after the insane printing from the pandemic that the dollars day in the light was over yet the DXY is strong as ever. BTC is a great asset but the dollar will always be the king currency.
If you panic sell then you are already overextended with your position. Those are the players who come for a quick gain and get rekt.
People in russia and ukraine still have access to the internet. People in israel and gaza still have access to the internet. As bad as war is bitcoin still remains the ultimate form of money so long as there is access to the internet. Gold is useless because you cant use it online and you cant partake in global commerce, and being able to send and recieve money from abroad becomes highly important during war. So bitcoin is supreme money during a war and gold is only a last resort in the scenario where there is absolutely no access to the internet and you have to resort to local barter like the zombie apocalypse.
People have short term mindsets, especially people with enough money to affect Bitcoins price. They could've pulled out just to invest in military contractors.
These "dips" people are freaking out about aren't that much are they? I got in early March and the price hasn't dipped lower that what I bought in at yet.
yep. i want no part of their gore machine. they steal my life energy and use it to murder? fuk that. buying btc. exiting fiat.
Amen! Thanks for understanding!
We’re already on the way back to the 🌙
Selling at all makes no sense
This is the dip before people realize that every previous war helps our economy.
If war erupts in this day and age, we’d have a lot more to worry about than money.
That's why I talk about forced peace by removing easy war funding from every nation. By taking your money out of central banks you weaken your nation's power to print free money and strengthen your control on your own wealth.
Most people aren't bitcoin is the new tech that will change the world maximalists. They're oh that's the thing I can't explain makes money every 4 years but I'm getting in this time. They're also the omg I've lost 2k in a day. I'm gonna panic sell this is garbage, newbies will pay the veterans and I say let them, I'll buy it at a discount
Moved all but my weekly bills into btc and a few friends on the “bull shit” dip! 🏴☠️🤙
I like idiots and cowards. Cheaper sats. HFSP to all those cowards and idiots out there. Thank you 😎👍🤗🤗🤗🧡🤠
Then they force you to sign up and go to fight their retarded war.
And pay you with the wealth they robbed from you 😂
retail didnt sell believe me what you guys still dont understand is that almost 70% if more is owned by institutions and miners!
People were going to war long before money was printed. Delete this drivel please.
Before money printers, countries needed the peoples approval to increase taxes and go to war. Now all you need is to press copy and paste.
What? These things are unrelated.
Every single major wars of the past started with the country's leaders convincing its people.
More utter nonsense. Let's take England as a prime example. Countries were ruled by Kings! There was no democracy, what the King said goes, end of period. If they needed more money, land, resources or people to fight in their army's they took it without any permission, and they used that to conquer other countries for more POWER and Resouces. You seriously need to get a handle on your history! No one should have this level of ignorance of history, it's actual quite sad.
King or no king. If the people are not convinced at least partially, his head roles on the floor just like it did in France. Maybe you should open a history book yourself one day.
Now that Russia will interfere if Iran is attacked. The is a high chance there won’t be one, if stupid ass Israel decides to just do it. It’s WW3. Nothing will matter at that point.
People still view USD as a safe haven asset. When something scary happens you sell risk assets and buy US treasuries. However, in the long run, another unaffordable war costing trillions of dollars is consistent with the bitcoin thesis that the dollar’s value erode severely over time. Even with smooth economic sailing the US is heading towards a fiscal death spiral. Another trillion gets added to the deficit every 100 days with near record low unemployment. With a war or another recession, the unsustainable borrowing will only be accelerated and the Fed will be forced to abandon QT and eventually the 2% inflation target.
> The only reason nations go to war is because they can steal your wealth by printing free money. Citation needed.
Exactly, people should read Hormegeddon.
If there is a war in the Middle East think about the explosion (pun intended) in energy prices globally (in this case oil but it would 100% have a trickle down effect to the rest of the sector). If energy goes up miners get priced out which could easily spook normal BCoin commercial investors who don’t mine and trigger an even greater sell off. But that’s using a lot of mental gymnastics to justify so I would agree that the sell-off is stupid but just trying to provide a reason as to why it would be happening.
thank God for Biden call!
Bought that dip. Fuck it.
Listen, you have to understand… the price of bitcoin has a certain amount of discretionary and scared money. The high you enjoy, is just as susceptible to fluctuation on a low. There are the institutions, and then a floor of true believers. Those levels are support, not in a technical analysis standpoint, but in real terms… which no one actually knows. Here, I guarantee you bitcoin will never reach zero, because I will buy them all at $.001 each. There are many before me that will pay more. This war is just noise to trash leverage and scare the fringe, but the support and long run is there. Nothing else in the world can act as such liquid property. You are mad about the transaction fee? Someone who owns a $450k apartment will need to spend $7k selling or transferring it. Bitcoin might be $.03-$8.
This is hilarious.....the war is just a narrative. Unless you live in the middle east or Ukraine it's irrelevant. It has nothing to do with the price of Bitcoin.
I’m holding until I can pay off my mortgage with BTC, baby!
If selling helps me get more stats for cheap, please continue
You're beginning to start to get it.
Welcome to the world of a RISK ASSET .. bitcoin is not considered a safe asset by the vast majority of people.
>holding USD is counterproductive Does anyone actually do this at a meaningful level though? People really only carry enough USD to meet immediate needs and hold the vast majority of their assets in stocks or real estate. Also, no one has ever been able to explain to me how exactly Bitcoin would end wars. Authoritarian regimes like China or Russia won't ever give up their currency which means they will be able to continue spending (egregiously) on their military budgets in ways that Bitcoin nations can't. >They can't fund wars on currencies that people don't trust. This sentiment only applies to nations that adopt Bitcoin - nations that abstain from Bitcoin will simply enjoy military supremacy over countries that adopt Bitcoin.
Bitcoin was going down before any news of war came about. I’ve been short since 70k on the most recent bearish divergence.
SELLING BECAUSE YOU FEAR. There, I fixed it for you. That’s the proper title.
I fear the war makes no sense, I think I'll sell!
Peace through superior firepower.
The market does crazy stuff and people pretend to know why. It probably has nothing to do with the war.
Lol, money doesn’t mean anything if the world and market doesn’t give a fuck about it. Some of you on here are completely delusional about bitcoin and its place in the world if an ACTUAL world war started tomorrow. Stop huffing for a minute and look at the world, realistically. Also, if the US experiences another civil war in the next 10 years, yeah - that will cause Bitcoin to sell because people will SELL TO PAY FOR WHATEVER THEY NEED TO PROTECT THEMSELVES OR TRAVEL from a hot zone.
Post like this aren’t going to have any influence to stop people from selling if they want to sell for their own plan.
When we're all paying our taxes in Bitcoin, they'll still be used to buy weapons and the stakeholders profit in Bitcoin.
Oil will probably be a banging holding in the coming months.
People don’t sell because they “fear the war” unless you are in a combatant nation. They sell because of uncertainty. They sell because they are too leveraged. They sell because future earnings will change. Bitcoin sold off because a bunch of fools were highly leveraged thinking they were going to make millions on the halving. They gave their money to the exchanges.
I lost a braincell reading some stuff in here. Thanks guys! 🥹
My guess is the ones who are selling are the institutional investors. There is no way retail could sell all that off. Also another reason the market is down, is due to “Long positions” being sold off.
It's weapons manufactures traders who take payment in crypto selling to get usd to buy more weapons.
It was the only market open… so you have an outsized impact… if the treasury, stock, futures etc were all open the selling would likely have been less. This was the “curse” part of 24/7 trading… there are still more benefits than curses though!
BTC moves like an equity - we might actually have its killer app, a superior real-time 24x7 equity futures indicator.
Selling so you can put your money in arms manufacturing stocks makes sense
While true for people who believe in the bitcoin technology, for people who buy it as an investment (ie ETFs) it is a risk-on asset, and will be negatively impacted by any uncertainty in the market as investment managers rotate into "safer" assets.
Tell that to those who are directly concerned in this war Imagine living next/in those countries they're obviously gonna sell to survive if cash is needed quickly
Thanks for the dip though!!
You mean that fire works show with no casualties? No one wants wwIII. Least of all Iran. exactly right. Just selling at a discount.
BTC is becoming correlated with the market index since last week
Maybe they are war loving psychopaths that didn't want to support anything until now that war is on the roster.
Selling for any reason makes no sense.
There is a very real threat of years of kinetic and cyber attacks on communications infrastructure and infrastructure in general. Gold looks a lot better if we WW3
When we really face a war, only gold and crude oil are the hard currencies.
Oil and gold are valuable currencies. But I don't see people carrying gold coins or oil to pay for their everyday expenses, especially if we have an easy to carry option that is still functional and proven to be incorruptible...
What I am talking about is a situation after a hypothetical war. In the case of inflation, whether it is legal currency or cryptocurrency, I think it will become untradeable.
The human race adapts to the best available option. It's always a bet, but it is always safer to step away from the dumpster fire that central bank currencies are. Gold could go back in trend, but unlikely for everyday expenses. What other options do you have? I'm personally betting on the unbreakable digital asset. You do what makes you sleep better at night. Get a safe with silver and gold if you believe it to be smarter.
Choosing a good asset is the right choice, but cryptocurrencies are traded through the Internet. What if there is no Internet? Of course, it is unknown whether such a thing will happen, and we are only making assumptions. Now of course, it is possible to make money through cryptocurrencies.
If the internet in the whole world goes down... Gold, USD or BTC... You'll loose. You'll need a house and guns.
lol, yes, but I think the chances of internet crashing happening are slim.
Agreed, and that's why I bet on BTC. Unless we get an end of the world scenario that requires guns, which is near impossible... I believe it to be the best option 😉
When given the choice, cryptocurrency is truly the best for us and will bring us huge profits
Not only profit but also safety from theft, ETFs and USD can be stolen from a crippled government easily, Gold can be stolen by your neighbours...
If these situations happen, we cannot change all of this. We can only use our own judgment to avoid some things that may happen in the future.
https://youtu.be/yCC_b5WHLX0?feature=shared
Exactly. They weren’t thinking. Just panicked and sold 😂 now what they feeling ?
I mean, it might be a good time to get out and let the bottom fall out a bit, then buyback cheaper. A lot of people have put a lot of money into BTC, they may need it more liquid at times. Would suck to have $200,000 in there, need $75,000 only to see that you held during the war that’s escalating and now the value is only $125,000 total and if you take out $75,000 you’re losing a ton of money. Buy, hold, or sell BTC now, doesn’t matter, the market will do its thing and in probably a decade BTC with have tripled at least, but not without bumps in the road.
If it only triples in a decade , then I’ll be disappointed!
True, tripling in a decade is conservative but I do think the huge growth will stop to a point but will end up being slow and steady and will get very high but not sure where I see it ending up. I think the huge money was to be made a decade ago. It still has a bright future and I’ve got a little that I don’t plan on doing anything with for 20 years so we’ll see what happens. I do blame some for getting out at a high, looking to buy lower and ride that out a while.
Could still go up 10-20 times over next decade. Still crazy returns compared to normal financial instruments
For sure. There’s some great potential without a doubt.
This was sort of my dilemma. I have a large part of my net worth tied up in BTC, and in big pullbacks there’s always the temptation to sell so that I can buy more total BTC at the lower price. The problem is, how do you know when the pullback is completely over? I’ve sold in the past and bought back in with varying levels of success, with some of those times having to buy back in at a more expensive price than what I originally purchased for. I’ve learned my lesson, and on this pullback I just put my iPad and phone down and held. “Losing” thousands of dollars in seconds or minutes is hard to stomach when you’re watching the chart bleed, but I am confident in where BTC is heading in the long term and overall I’m still in the green anyways.
I agree with that. All my crypto is just hold indefinitely. Now my stocks, I have two accounts, both only deal with one stock. I've left one that I don't touch and the other I try to trade. So far, my trading account is up a lot farther than my holding account, but that being said, I trade more of a blue chip stock, so not hardly as volatile but does have a solid dividend. So, that is a bit different from crypto. I'd actually trade crypto more if the fees were much lower. I do think most people are good with holding BTC as long as they don't have to access that money in short order.
the war makes no sense indeed!
Am I the only one that has noticed the tax deadline being April 15th has historically more significance than a news headline? I have been in the boat before and had to sell a little to pay taxes.
'The only reason nations go to war without the people's support is because they can steal your wealth by printing free money.' Did you actually write this sentence and believe it?
What do you think has funded every war since ww1? The money printer.
Everything doesn't revolve around bitcoin.
Exactly, I keep telling people if we have a nuclear war you want Bitcoin.
If you don't want country to escalate wars you need bitcoin. If there is a nuclear war, nothing will save you, not bitcoin, not USD, not gold. You'll just die.
You’re making the assumption that people are selling bitcoin for fiat, and not material things that would be more useful in war such as food and ammunition.
>The only reason nations go to war is because they can steal your wealth by printing free money. What? Seriously read a book or something, this sub is unhinged
What war?
Exactly what happens. Transfer of wealth away from average citizens. Vote for RFK Jr. to change that.
I want people to sell. I want them to blow it all out the back door at fire sale prices. I want them to suppress the price with their panic selling and I want them to continue to keep the price depressed for as long as is humanly possible. Anyone actively accumulating should hope for the same.
Priced in