CRYPTO latest!!! Bitcoin crashes to 21.400!!!

wow XLM just 10 cents)))

yea its amazing.

to think my long will give me 100% profit for every 3 cents XRP goes up in price, is kinda mind blowing.
imagine if it goes to 20 cents... every 2 cents going up would be 100%

i now understand why most of the market is inflated. im sure many many people, specially the rich have some crazy longs.

havent even entered the purple zone of doom.
Tis but a scratch.
try switching it off and back on again
[imgur] [link to imgur.com (secure)]

Hache tee tee pee es

+

ccaf.io/cbeci/index


Cambridge Bitcoin Electricity Consumption index

the 'unaware' who are about to invest real hard earned money need to understand why the technology has the seeds of its own destruction within it.

Look at the graphs - at its current value the cost to mine the next block exceeds the entire value of the chain. The algorithm has hit the electric cost wall.

look at the consumption graph - it's dropped off a cliff meaning no one is mining new coin because of the cost in electricity has jumped so dramatically in relation to the number of new investors and the existing value. New investors are the only source of new money to pay the miners electricity bills.

A Bitcoin would have to be worth $100K to cover the electricity cost of mining the next block in the chain

This means the algorithm may have hit the cost-energy wall because no amount of shilling can hype it up enough to bring enough real money into the platform to jump start the mining again

It really could go to zero and NEVER be mined again.

^ never owned a single satoshi
is it any good?

I imagine that all the major banks, those that now have their money stuck in their own crypto pyramid/pump-and-dump scam, have had a meeting where they've made some kind of gentlemen's agreement not to dump it all right away, but to instead wait for some more greater fools to come around... and then dump it all on those fools.

But...

They seem to have run out of all the fools available on the planet (maybe they're hoping to find some on Mars?), but more importantly, all banks (their owners, CEOs, CFOs, and managers) are lying, cheating, backstabbing bastards... so I'm not expecting such an agreement to last for much longer.

In fact, I bet that some of the signatories of the agreement (if there is one) are already looking for a perfect way to fuck over everybody else who's signed up for it.

Like the fabled scorpion, it's just their nature... only there are no frogs here, only an ever-shakier tower of scorpions riding other scorpions, and the first one to succumb to its scorpion-y nature is going to take all of them down... which is 100% guaranteed to happen... but when?

Round and round and round she goes,
Where she stops, nobody knows!

Time for a "Smokey Yunick" to solve the energy crisis.

What goes up, must come down.

The secret is to know when to sell when it's up and when to buy back when it is down. Only idiots HODL on the way down.

sell low, buy high
thanks genius

lmao tough talk there :D

what about the people who buy the top and sell the bottom?
clearly HODLers are just HODLers and not traders.

you dip shit

man. struggling to break into the lows. it's over for the shorts.
Unless London can risk moar shorts before teatime. If Bank of England says sell, that means buy imo
[imgur] [link to imgur.com (secure)]

wow. the contrarian in me is fascinated. but why is KuCoin trending? are they all 'greater fools'

https://twitter.com/_/status/1536994632973754368

I find this tweet in 2021 from Elon Musk very weird

https://twitter.com/_/status/1415368266021842952

if we look at BTC price we just hit 20k and all previous numbers are corect

https://twitter.com/_/status/1536396825304907776

Last Edited by NOFAKE on 06/15/2022 08:49 AM

explained later:

"haha true"

[link to twitter.com (secure)]

Bitcoin, all-time high over $68.000 on Nov. 10,2021... yesterday june 14th,2022 we hit $20.000

Last Edited by NOFAKE on 06/15/2022 09:14 AM

He tweeted on july 14th last year, yesterday 14th of june we first hit on 20k

So if Elon's numbers are correct, some here will be millionaires by 14th of june next year!!! (my 5 cents)

[imgur] [link to imgur.com (secure)]

fib on log scale
approaching 78% retrace

but i think it should start from breakout of wedge
[imgur] [link to imgur.com (secure)]

The baghodlers will ignore this^

........

BTC from lowest $20.100 now $21.400,not bad at all who get it at 20k

not only that....
they have raised the weight to mine for much less sats received and then you also have fees for transfer/s...
big fees for exchange....
all of that works only for big miners with low costs and for exchanges, or for those who are in crypto from the start....
for the rest?....
big gambling for very small gain...if any....

https://twitter.com/_/status/1535963882627514370

No worries, there will be always someone who mines BTC and other crypto, if not SHTF

I think btc will pump to around 22600 today maybe even touch 23000. I also think she'll tank next month around 14-16.

Gonna put buy orders in on OP @.34, Shib @.00000585, XLM @.065 and Luna2 @.95 and Lunc @.00003950.

I'm thinking from July 4th to the early August will be really rough. Hope to captalize on it.

Could be 100% wrong...I usually am.

I'd take nibbles all the way down - if I had any fiat spare..grrr
be nice to get a fat range going down here (or down there), get this show on the road and clear out the shitcoins. I'd pretty much abandon hope below 12.5k... still hoping a range will form here until summer hols over

BTC back to 20.700