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

the bossman

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Bitcoin did best when millions of average Joe's used their stimulus checks to buy a handful of satochis.
:ohhh:so how did it do so well in 2017 when there were no stimulus checks? or the bull run before that?

does this mean it will never reach 69k ever again since the government won't issue anymore stimulus checks?
 

Cakebatter

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:ohhh:so how did it do so well in 2017 when there were no stimulus checks? or the bull run before that?

does this mean it will never reach 69k ever again since the government won't issue anymore stimulus checks?
I think you read more into my comment then what was actually there. Compare the BTC's market cap between 2018 and 2021. There were more owners in 2021 despite a significantly higher price point. You can say it was easier access with exchanges like Binance and Coinbase, but it impossible to deny the rush of liquidity into consumers pockets during lockdowns.
 

the bossman

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I think you read more into my comment then what was actually there. Compare the BTC's market cap between 2018 and 2021. There were more owners in 2021 despite a significantly higher price point. You can say it was easier access with exchanges like Binance and Coinbase, but it impossible to deny the rush of liquidity into consumers pockets during lockdowns.
There's more owners with more ways to get into the market and more people (and now more institutions) coming into the space. This is the trend that's been going every year. And of course stimulus checks played a role in the last bullrun. I've seen this pointed out like now that the checks are done, bitcoin is done. So without stimulus checks you never see it touching 69k again? is what I'm asking
 

Cakebatter

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There's more owners with more ways to get into the market and more people (and now more institutions) coming into the space. This is the trend that's been going every year. And of course stimulus checks played a role in the last bullrun. I've seen this pointed out like now that the checks are done, bitcoin is done. So without stimulus checks you never see it touching 69k again? is what I'm asking
BTC can absolutely push $70k. The barrier will be the upcoming recession. Folks will be in survival mode, so everyone but the elite will be selling off assets, and risk assets get sold first.
 

JJ Lions

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Y'all guys stacking up on eth ?
I was/trying to. Reading all these predictions about it going down again got me hesitating. Last 24hours it's up another 14% and up 42% over last week. I really believe this will jump even more after the merge, so trying to stack. I was really buying a lot when it was under 1,000, so my average buy price on that is now $1,099.79, and 15% of my portfolio. So right now, I'm up almost 40% on that one.

Got my Bitcoin Avg. buy price down to $23,332.17 and about 20% of my portfolio. So, I'm happy with that one, only 5% away from being green. So, that's an easy one.

MATIC up 175% over the last 30 days, damn.

My portfolio all green thru the 1hr, 1day, 7day, 30day

Might hit more ADA and DOT, since only up about 7% over last 30days, the lowest of what I have.
 
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JJ Lions

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I wonder if the psychology of this will be fukking with people in the future when we're back in a bull market.

Knowing you could have gotten it at a lower price and then in the future when the prices are higher, seeing how low they can go pretty quickly.

Of course availability of funds play a part. Been buying some like Bitcoin every day and then a little more when it drops but in future, strict DCA

Look at MATIC, in the last 30 days it was as low as 0.32, now 0.95, almost 3x in a month.
 

mannyrs13

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did they give out another stimulus? :dahell:


don't know where all this money coming from. ETC aka ethereum classic is up 85% past 7 days. did they say that it was part of the merge or being converted to eth?

hopefully it's not all that leveraged trading that some people are into. might turn ugly for some if that's the case and things go bad.
 

JJ Lions

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did they give out another stimulus? :dahell:


don't know where all this money coming from. ETC aka ethereum classic is up 85% past 7 days. did they say that it was part of the merge or being converted to eth?

hopefully it's not all that leveraged trading that some people are into. might turn ugly for some if that's the case and things go bad.

Maybe, the recent jump is due to this:

"Tech stocks are largely in the green on Monday, as investors appear to bet that the Federal Reserve will be less aggressive against inflation than feared."

Coinbase pops 9% as cryptocurrencies like bitcoin and ether rally

"Ethereum comprises roughly 30% of Coinbase’s trading volume, while Bitcoin amounts to about 21%, according to CoinMarketCap data."
 

mannyrs13

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I'm sure those numbers have gone up in the second quarter. And from Israel at the top to the Netherlands, 11 of those top 15 share something in common. Can even add Slovenia at 17.
 
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