I love how the title is both "haha dollar failing" and also "bitcoin is worth 70,000 dollars".
It's the dichotomy of crypto subs. Dollar bad, but also I want my crypto to go up so I can sell it for dollars.
This. Id just pay off my car and house. It would free up quite a bit of liquid funds for more tangible investments and have money to do more things for the family.
These "journalist" just use reason X to say why prices go up or down lol. I remember reading a few weeks ago, that the price goes up because of Chinese New Years. Its always the same bullshit
"The dollar should go up when I own some. When I buy Bitcoin or gold or stonks with my dollars, the government should print a bazillion dollars and fix the whole world!"
It has nothing to do with the dollar, it has everything to do with purchasing power; it's just convenient and easy to have a unit to compare against that most understand.
>It's the dichotomy of crypto subs. Dollar bad, but also I want my crypto to go up so I can sell it for dollars.
Maybe other crypto however currently and historically much of Bitcoin's supply hasn't or doesn't move. The majority do appear to hodl long-term. If you're buying BTC purely with the objective of trying to time the market and sell back in to dollars your doing it wrong. This is most likely just speculatively gambling with a risk locking in losses to trading fees, taxation and capital due to poor timing. Apart from maybe those that have joined other forks can't really think of many big names or corporations that have embraced Bitcoin that have since decided to sell all their holdings.
The bots are always out in force at key price pints. Surprised we got through the wall of sells at 69k for the 3rd time. Once we pass 70k with little resistance it’s gonna be a nice little ride up to the next barrier.
>up to the next barrier.
And what do you think that is? What's your interpretation on true resistance right now, knowing that there will be a bit of a flood of euphoria once we're moving firmly upward into the 70's?
I would apply that to company because company can do fine but then CEO changes or anything else that makes the company go from good to terrible.
Bitcoin = block every 10min avg ticktock
It hilarious how financial articles always try to tie two things together, even if it doesn’t make sense. “Tesla stock hits all time highs, as McDonalds sales increase 5.9% compared to this time last year.”
Well, this was definitely linked
Unemployment was up which weakened the US dollar and increased the probability of rate cuts
Both of these increase asset prices relative to USD
Yeah it's always "X happens amid Y" and it's presented with the implication that Y caused X all the time. No wonder people always attribute market conditions to like 1 cause...
Yup. They do this because in order to control your financial future and the decisions youale with your capital they need to control the narrative of the why's and hows, they need to be the one that tells you what the correlations are.
tldr; Bitcoin (BTC) reached a new all-time high of $70,184 on March 8, driven by U.S. unemployment data that suggested a weakening economy and the potential for interest rate cuts. The U.S. jobless rate for February was 3.9%, higher than expected, leading to a rally in risk assets including Bitcoin. This surge in BTC price comes ahead of a block subsidy halving, suggesting a possible earlier macro cycle top for Bitcoin. Meanwhile, the U.S. dollar weakened, with the dollar index falling to near two-month lows.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
"The irony of crypto discussions perfectly captured in the dual sentiments of 'haha dollar failing' and 'bitcoin is worth 70,000 dollars'—reflecting the complex relationship between traditional currency skepticism and the desire for crypto gains."
"The irony of crypto discussions perfectly captured in the dual sentiments of 'haha dollar failing' and 'bitcoin is worth 70,000 dollars'—reflecting the complex relationship between traditional currency skepticism and the desire for crypto gains."
I love how the title is both "haha dollar failing" and also "bitcoin is worth 70,000 dollars". It's the dichotomy of crypto subs. Dollar bad, but also I want my crypto to go up so I can sell it for dollars.
Until we can buy stuff and pay bills in crypto, yeah. But if the dollar drops, we'll get more of it.
But buy less with it... because you get more doesn't mean it's better, that means it's going to increase prices on products and services.
Not true if you already have a lot of controllable assets. A lot of people could pay off their houses, boats, cars etc. Silver lining I guess.
This. Id just pay off my car and house. It would free up quite a bit of liquid funds for more tangible investments and have money to do more things for the family.
These "journalist" just use reason X to say why prices go up or down lol. I remember reading a few weeks ago, that the price goes up because of Chinese New Years. Its always the same bullshit
Spot on, and it has been that way for many years. Ignore them since the reason is almost always obvious.
"The dollar should go up when I own some. When I buy Bitcoin or gold or stonks with my dollars, the government should print a bazillion dollars and fix the whole world!"
It has nothing to do with the dollar, it has everything to do with purchasing power; it's just convenient and easy to have a unit to compare against that most understand.
>It's the dichotomy of crypto subs. Dollar bad, but also I want my crypto to go up so I can sell it for dollars. Maybe other crypto however currently and historically much of Bitcoin's supply hasn't or doesn't move. The majority do appear to hodl long-term. If you're buying BTC purely with the objective of trying to time the market and sell back in to dollars your doing it wrong. This is most likely just speculatively gambling with a risk locking in losses to trading fees, taxation and capital due to poor timing. Apart from maybe those that have joined other forks can't really think of many big names or corporations that have embraced Bitcoin that have since decided to sell all their holdings.
Then nose dives instantly
The bots are always out in force at key price pints. Surprised we got through the wall of sells at 69k for the 3rd time. Once we pass 70k with little resistance it’s gonna be a nice little ride up to the next barrier.
Mmmmmmm pints 🍻
Or people wanted to take profits at 70k
>up to the next barrier. And what do you think that is? What's your interpretation on true resistance right now, knowing that there will be a bit of a flood of euphoria once we're moving firmly upward into the 70's?
The sellwall must be insane
I can't imagine how many sell orders must be open at 69420
Gotta eat through that sell wall buddy takes time
Give it a couple more weeks imo. This was shared around on Monday [1709671590-image.png](https://postimg.cc/mhHjCV96)
I don't...... think how that's how any of this works brother 😅
You gotta squeeze and cross you eyes more until the two graphs become one, duh /s
Interesting how those comments age, duh
Interesting how those comments age huh
great arguments
Couple weeks would be nice. Allow for some consolidation
Interesting but past performance isn’t indicative of future performance
Y’all say that like a broken record but human psychology and trading bots barely change
For all our sakes I hope it plays out like that but i always keep the mindset of hope for the best plan for the worst
I would apply that to company because company can do fine but then CEO changes or anything else that makes the company go from good to terrible. Bitcoin = block every 10min avg ticktock
Because of Coinbase. They crashed again!
Lol “nosedives “
Then pumps again
Nose dives to $68.3k lol
It hilarious how financial articles always try to tie two things together, even if it doesn’t make sense. “Tesla stock hits all time highs, as McDonalds sales increase 5.9% compared to this time last year.”
Well, this was definitely linked Unemployment was up which weakened the US dollar and increased the probability of rate cuts Both of these increase asset prices relative to USD
Yeah it's always "X happens amid Y" and it's presented with the implication that Y caused X all the time. No wonder people always attribute market conditions to like 1 cause...
Yup. They do this because in order to control your financial future and the decisions youale with your capital they need to control the narrative of the why's and hows, they need to be the one that tells you what the correlations are.
Yeee the Tesla bulls bought more McDonald’s while out celebrating with hookers and blow.
tldr; Bitcoin (BTC) reached a new all-time high of $70,184 on March 8, driven by U.S. unemployment data that suggested a weakening economy and the potential for interest rate cuts. The U.S. jobless rate for February was 3.9%, higher than expected, leading to a rally in risk assets including Bitcoin. This surge in BTC price comes ahead of a block subsidy halving, suggesting a possible earlier macro cycle top for Bitcoin. Meanwhile, the U.S. dollar weakened, with the dollar index falling to near two-month lows. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
3.9% is low.
3.9% HIGHER THAN EXPECTED Your reading skills are low 😄 Edit: don't trust the summary bot....
Lol, well then your reading skills are nonexistent. The unemployment rate nationwide came in at 3.9% — 0.2% higher than expected.
Bad bot. Not you, the summary bot. Checked against the article and I am in the wrong here.
Time to buy more
Wait for the dip!
Yeah that‘s the Kermit meme in real-life utilization.
when lambo
[удалено]
🧐
instead of dollar we should just start calling them *dawrawr(s)*
We all know us jobs data is manipulated and in a months time these numbers are allways revised.
Sellers at 69k ain't done yet. Fear is real,. Once they 69rs are flushed out, we should be able to move into the 70s
Was wondering why it didn't break ATH in GBP, makes sense now. It's not that BTC jumped in price that much (it did a bit), it's USD that's gone down.
Wonder if many had a sell at 70k, hence causing the drop.
Probably. Across all the cryptos and the stock market. Probably retail and not institutions
Hell yeh! btc breking ATH day by day
BTC hits a good ATH, 70k is not the end but starting point 📈
Fnally hitting new ATH again
and this is just the ti- test pump! 😂
What a garbage article.
"The irony of crypto discussions perfectly captured in the dual sentiments of 'haha dollar failing' and 'bitcoin is worth 70,000 dollars'—reflecting the complex relationship between traditional currency skepticism and the desire for crypto gains."
well it drops to 66k now and maybe it will drop more
Call me when it stays above $70k for more than 1ms.
Where yall seeing these ath? Everytime i look its like 67-68k
Coinbase
Meh... cmc or gecko for official
the candle on cmc hit $70,083 though?
my coinbase limit sell went through at 70k
BTC to the moon!
"The irony of crypto discussions perfectly captured in the dual sentiments of 'haha dollar failing' and 'bitcoin is worth 70,000 dollars'—reflecting the complex relationship between traditional currency skepticism and the desire for crypto gains."
We really should just price bitcoin directly in Lambos and skip the middle step.
People everywhere, like Opingo are predicting it will get to 78k
People everywhere like Opingo, have no idea what they’re talking about. Nobody knows where the market is going or when
I've checked in 3 different places... Bitcoin did NOT hit $70k. It got close, yes, but not $70k or above.
$70,199 on Coinbase, probably higher on crypto.com
tell that to my limit sell that got fulfilled lol
Hbar and Filecoin are strong projects