the bossman
Superstar
Bitcoin did best when millions of average Joe's used their stimulus checks to buy a handful of satochis.

does this mean it will never reach 69k ever again since the government won't issue anymore stimulus checks?
Bitcoin did best when millions of average Joe's used their stimulus checks to buy a handful of satochis.
had ETH on autobuy every week for the past yearY'all guys stacking up on eth ?
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.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?
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 askingI 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.
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.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
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.Y'all guys stacking up on eth ?
did they give out another stimulus?
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.