1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

cobra

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If this is it I wouldn't even call this a bullrun (I'm bullshytting of course cause an over 10x from last year at the bottom is crazy) this is trash compared to 2017
what is interesting is that if the top is already in...

it topped on April 14 which is the exact same day Coinbase IPOed
 

Professor Emeritus

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Exposing that its no different than DOGE w a pump tweet
Pump/dump can be performed with any asset. Whales pump/dump stocks all the time. Trump was famous for it until people started ignoring him cause it was the same shyt every time.

The difference is that the overall movement on stocks is a lot smaller because there's typically transparency and a degree of knowledge regarding their underlying value. That means fewer people pay attention to the pumping/dumping as they know they can ride it out in the long term due to the underlying value of the stock.

Bitcoin is closer to a stock cause many buyers are betting on its long-term functional value, but it's still a lot more volatile cause so much of its value depends on group opinion of its worth rather than on something clearly measurable and predictable.

DOGE is in another category altogether cause its value lays solely on groupthink. There's no particular reason for that groupthink to last long term so there's no guarantee that you can ride out the losses and bet on long-term value. Any drop could turn into a final blow and you're left with nothing.
 

null

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Crazy how much effect Musk has over the crypto world.

when you think about it, it's amazing how much power memes have in crypto.

coins (and billions) can move on the basis of a good meme.

at least elon exists.. memes largely don't even have that.

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the deviation from the norm is more extreme than in the run-up to the great depression.
 
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