Bitcoin Price Thread

orbit23 · Dec 2, 2024

Careful what you wish for...

If Tether fraud gets busted we will be below $10k in a flash...

johnarb · Dec 2, 2024

mstr and mara are buying as much bitcoin as available for sale... and Blackrock and other bitcoin spot etf's are also buying a lot of bitcoin

I think mstr will announce another convertible debt this week or next to buy more bitcoin, based on the value and debt ratio of their bitcoin treasury, NFA

BKR88 · Dec 2, 2024

orbit23 said:
prepare for the apocalyptic rug pull... back to $70K before you know
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"Apocalyptic rug pull"?
A retracement to the 73K area would be a welcome pullback to add.

SunTrader · Dec 2, 2024

NoahA said:
I think there is a huge bit of nuance here. Right now, most of the very recent immigrants who are staying in hotels of free and given free phones and food are the biggest drain. Yes, there are many more established immigrants who work shit jobs for minimum wage, and even less money if you include farm workers, so these people contribute to making life better for all Americans. But I think right now, there are far too many doing absolutely nothing. Maybe a good majority want to work, but its at the expense of locals who can't get into the workforce themselves.

I honestly think there is no need for immigration. What a country needs to find is a way to be self sufficient. If you only rely on young people coming in, at some point, those young people get old, and now need services themselves. You're just pushing the can down the road. A country needs to focus on striking the right balance. If people don't want to have children, you find out why and fix that. Its obviously expensive to raise children, but the answer isn't to important young adults. In fact, its kind of sad that locals who think about the costs involved with having children choose not to, but then some immigrant comes in with 5 and all of those are supported by the system as the expense of the responsible local who thought it would be too expensive.
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Right now, right. But the history of this country was being built by immigrants. Look to Japan seeing what self-sufficiency does to a country. And look to our past what isolationism, nowadays packaged as MAGA, did to us.

semperfrosty · Dec 2, 2024

BKR88 said:
"Apocalyptic rug pull"?
A retracement to the 73K area would be a welcome pullback to add.

View attachment 355452
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Exactly.

TheMordy · Dec 2, 2024

orbit23 said:
And then towards the end of December or perhaps more likely in January Tether executives get arrested, Tether depegs and bitcoin drops -90% in an instant.
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No, everyone will have convert their Tether to BTC in an instant = BTC flash bomb to 300k...

orbit23 · Dec 2, 2024

TheMordy said:
No, everyone will have convert their Tether to BTC in an instant = BTC flash bomb to 300k...
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to 300k what?

chuck cheese tokens?

johnarb · Dec 2, 2024

Selling pressure.... temporary

orbit23 · Dec 3, 2024

Here comes the dump. While you all are cheering, you are getting dumped on by the government

johnarb · Dec 3, 2024

orbit23 said:
Here comes the dump. While you all are cheering, you are getting dumped on by the government
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Still above $90k