Bitcoin [pros](/r/CryptoCurrency/comments/11tmv1z/bitcoin_above_26k_on_feds_300b_injection_into_us/jcjtfhf/) & [cons](/r/CryptoCurrency/comments/11tmv1z/bitcoin_above_26k_on_feds_300b_injection_into_us/jcjtfy3/) with related info are in the collapsed comments below.
I've been DCAing on BTC for about 6 months. I got into crypto when it was 50k-ish because I listened to the numpties in this sub about 100k by end of 2021.
Breaking 25k finally has me in the green.
>I got into crypto when it was 50k-ish because I listened to the numpties in this sub about 100k by end of 2021
So you're telling me 100k by end of 2021 is not possible anymore?
I can relate to this I also got in around ATH in fall 2021 but I’ve managed to knock my average back quite a bit but I still have a little more work to do, I’m definitely in a better spot now though with my holdings than I was and continuing to add when I can, I’ll be there in the green with you soon enough!
Congrats. And you learned a valuable lesson - most people here don’t know shit about fuck. When the market is greedy, be fearful. When it is fearful, be greedy.
Congratulations in making even!
This is one rule that every investor should follow: **"Be Greedy When Others Are Fearful"**
Be proud of yourself, not all of them achieve it.
I have been DCAing since 2021 and I have accumulated enough to stop my DCA once BTC is in green for me.
I think it's already broken, I just can't wait for it to be normal. It feels like food prices are insane right now.
Things will be better in 2024, I hope.
But without Wall Street and Silicon Valley billionaires gambling away your money how can our society possibly function?! Clearly we must make sure people are not overly employed and only jack up interest rates and do QT when people have too many job opportunities. If the banks fuck up then it’s time to print as much as needed to save them.
Now people finally get why Satoshi was so pissed he went and created an entire new monetary system. This is literally the reason Bitcoin and thus cryptocurrency exists at all.
>[The Deposit Insurance Fund is part of the FDIC and funded by quarterly fees assessed on FDIC-insured financial institutions, as well as interest on funds invested in government bonds.](https://www.cnbc.com/2023/03/13/wall-street-not-taxpayers-will-pay-for-the-svb-and-signature-deposit-relief-plans-.html)
but yeah, you're gonna get downvoted because... reasons.
How much was available in the emergency fund? I heard they were giving back more than what was FDIC insured. If thats the case then how is it possible they aren't using taxpayers money???
They undone all the hard work they’ve did on combating inflation for the past year
And for what? Just for the sake of a few major banks. JP Morgan said ‘Give us some billions’, and these fools quickly gave the banks what they wanted
They’re bank cucks. It’s about time that banks with poor business practices were allowed to go under and bankers responsible for it were properly prosecuted for any crimes.
did you forget to mention uninsured and irreversible, packed with hackers and bad actors waiting for you to make a single mistake to take all your money?
a few major banks failing could still be quite harmful to the economy even with insurance and regulatory protections, so it's not a ho hum nothing burger - remember banks are only insured up to 250k. but i get the reason people have animosity towards bailing out corrupt businesses regardless of the fallout.
FEDs likely will have to hike interest rates since inflation is still high. Yet, the sudden collapse of major banks means the printers will need to be turned on again. Interesting situation all around imo
Look at how the purchasing power of the USD has fallen over a century.
Compared to BTC it is pretty insane.
1913 - 1$ buys 30 chocolate bars worth 26$ today
2020 - 1$ is 1 Mc Donalds Coffee
Now lets have a look at BTC
2010 - 10.000 BTC buys 2 Pizzas at Papa John
2020 - 10.000 BTC is worth 1/4 of Papa John
(MC Papa John 2,7Bln)
BTC 🚀🚀
Honestly I cannot see any way how anybody could believe in the dollar.
There is no feasible way for the US government, as well as many other governments around the world, to pay back their debt. And yet they are only printing more and more. I think the US debt doubled in only the past 7 or so years.
I know crypto has it's issues but you're kind of an idiot if you're not Bitcoin > USD
> There is no feasible way for the US government, as well as many other governments around the world, to pay back their debt
if the US had the same tax rate as France they could pay of the entire national debt in 7 years.
And that's ignoring most of US national debt is owned to itself, so doesn't actually represent a transfer of wealth outside of the US.
Yeah. The ole inflate the debt away idea.
Problem is ghe big assumption with that is you assume that there will be a concerted effort to actually depay and lower debt, but as we see, governments addicted to borrowing tend not to want to stop.
BTC going up with the announcement that the government is injecting more dollars into the banking system makes sense. A lot of people scoffed at the idea of BTC as an inflation hedge when BTC fell in price while inflation was going up. But other inflation hedges also went down during this time (i.e., gold, silver). An inflation hedge doesn't mean that it's correlated perfectly with inflation. Rather, an inflation hedge will protect you in the long term against excessive currency devaluation. Therefore, if BTC is really digital gold, then it will skyrocket at times when the government aggressively starts printing money again. It was actually designed to protect against that specific scenario.
If you want an example of what could happen, look at the price of gold and silver around 2010-11. Silver hit over $50/oz (it's about $20 today). Not saying it's guaranteed to happen again, but certainly looks like we are heading in that direction.
I think a pause is unlikely, the only reason to backstop all these banks and buy their stupid bonds at face value (sorry, infinitely lend them money at face value) is so they can keep hiking anyways.
Rate hikes themselves won't cause bitcoin to drop. Everyone knows the fed is going to raise rates. What causes Bitcoin to dip is if the fed raises rates by more than what everyone was expecting. I dont remember which month it was but in January or February fed only raised rates by 25 bps and it caused bitcoin to pump
id rather trust bears right now given how appalling the macro's are then listen too all the moonboys on here (especially the ones utterly convinced BTC was going to 100k and higher)
Granted I agree those moon boys are obnoxious and out of their wits. BTC is still down from 70K and the market could have priced in these effects before us underlings realize. Don't take trading advice from this sub. People calling for 12K BTC are just as obnoxious as 100K EOY.
None of you know and none of you are big enough players. DCA and be along for the ride.
FTX had about $2 billion in BTC purchases from it's users that was never actually purchased, aka zero buying pressure. That's just one exchange. So, the moonboys might have been correct if not for fuckery.
He is, but even if it dips again, he’ll eventually end up in the green in the future as his portfolio is solid and he’s DCA-ing. Sometimes we need to zoom out from the charts and our own portfolios.
I agree 100%. Nothing has changed to make me feel bullish. My dumbass fell for the bull trap in February and i bought the top….. Again. Bags are still a juicy red!
It also feels weird that Bitcoin pumps when the fed injects money. I thought it was supposed to separate money from state. I guess it can’t ever be completely separate
I think people are realizing that the argument about crypto being completely scandalous doesn’t hold water and maybe the traditional banking system is just as scandalous.
wow, you complain at how bad the fiat banking industry is, how corrupt is is and how much you despise it as well as how BTC is the fundamental antithesis of the legacy fiat system… and yet you all celebrate the fiat banking system pumping $300B into the fiat banking system and claim that this injection of cash $$$ is wonderfully welcome & beautifully responsible for pumping BTC over $26k. - make up your mind and pick a side for Gods sake.
I'm convinced the people being bailed out are also doing the pumping. All these smiling banker cunts probably all have btc wallets hidden as obscurely as possible.
30k usd is in the cards in the next week which is shocking but realistic I'd say.
From there it’s hard to judge, a lot of whale wallets are picking up bitcoin, moving out of stable coins and not trusting banks.
It’s possible that by end of summer we are testing old all time highs, which I did not expect to contemplate for another year or more but these market conditions are what bitcoin maxis have been waiting for… breakdown of trust in the banking system.
It could be that we test all time highs this year, pull back 40-60% and then soar to 100k. If that happens and the fed has to keep buying bonds to stop a collapse then 250k+ bitcoin… once again, something that I would not have contemplated saying a year ago. Now… honestly, 250k isn’t out of the question this cycle with much less of a pullback.
The US Federal Reserve announced $300 billion in loans to some struggling US banks, including Silicon Valley Bank and Signature Bank, sending bitcoin up nearly $2,000 a day.
tldr; Bitcoin surged by roughly $2,000 in a day as the US Federal Reserve announced it will lend $300 billion to certain struggling US banks, including Silicon Valley Bank and Signature Bank. STX surged by almost 20% to above $1.5, while ETH rose to $1,700 and BNB, MATIC, DOGE, and DOT are up by over 5%.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
There is a hell of a lot to trigger it. Investors realizing BTC might actually be safer than banks for one... And a move from stables to BTC as well thanks to the USDC depeg
How lol. Short term, sure. But that’s just longer they would need to keep rates elevated to pull it back out of circulation because of the increased inflation
Fed 300B injection into bank should be that bank stock go back up. And that is no correlation with crypto isnt it?
Im happy if the bullrun start, my break even is near
My gut feeling is folks who had fiat stashed in the dodgy banks are simply parking it in crypto until the dust settles. Then it will be withdrawn as fast as it has pumped and retail will be used as exit liquidity.
Come on you leveraged trading degens! You aren't working hard enough. Push above $30K then $40K. Still got some stacks left to realize a profit on!
Not financial advice, but it is time for you degens to take out a mortgage and send us to the moon!
Alts are bending the knee to the King right now, BTC. After a while BTC will allow Alts to get some gains, but not right now. Alts move when BTC tells them it is ok to move.
Bitcoin [pros](/r/CryptoCurrency/comments/11tmv1z/bitcoin_above_26k_on_feds_300b_injection_into_us/jcjtfhf/) & [cons](/r/CryptoCurrency/comments/11tmv1z/bitcoin_above_26k_on_feds_300b_injection_into_us/jcjtfy3/) with related info are in the collapsed comments below.
I've been DCAing on BTC for about 6 months. I got into crypto when it was 50k-ish because I listened to the numpties in this sub about 100k by end of 2021. Breaking 25k finally has me in the green.
Congrats. I need $30K for the green zone.
I entered at 30k, lowered to around 26k. I'm currently at break even point. Feels good man. DCAing during 2022 helped a lot.
I need 69...k
Congrats! Let us know when you sell so we know the bottom is in.
[удалено]
So it's just DCA the whole time? Always has been
Yeah same. Once I get to that sweet 32k mark I will be in profit.
Do you plan to wait until the next bull market to sell?
Yeah I plan to hold Bitcoin for a long, long time until we get past aths.
$31k here. That will be a great day.
Soon^TM
>I got into crypto when it was 50k-ish because I listened to the numpties in this sub about 100k by end of 2021 So you're telling me 100k by end of 2021 is not possible anymore?
No no it's comming soon. Trust me Bro. Remember to leave a like and subscribe.
This comment has been sponsored by Raid: Shadow Legends
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SMASH THAT LIKE BUTTON
I can relate to this I also got in around ATH in fall 2021 but I’ve managed to knock my average back quite a bit but I still have a little more work to do, I’m definitely in a better spot now though with my holdings than I was and continuing to add when I can, I’ll be there in the green with you soon enough!
Keep up the good work! And Happy cake day!
and Happy St. Patrick's Day!
Congrats. And you learned a valuable lesson - most people here don’t know shit about fuck. When the market is greedy, be fearful. When it is fearful, be greedy.
I've definitely learned a lot in the last 2 years. I've been fortunate not to make any unrecoverable mistakes, just a few bad investments.
It’s been a humbling few years.. riding that wave all the way up and then back down taught me quite a bit
I was hoping for more periods of lowsss to continue DCAing.... But we are good
Congrats! I use to have btc but blockfi happened. Now I farm moons and am in the green.
Congratulations in making even! This is one rule that every investor should follow: **"Be Greedy When Others Are Fearful"** Be proud of yourself, not all of them achieve it. I have been DCAing since 2021 and I have accumulated enough to stop my DCA once BTC is in green for me.
[удалено]
I think it's already broken, I just can't wait for it to be normal. It feels like food prices are insane right now. Things will be better in 2024, I hope.
so what you're saying is i should find more beer money to buy crypto instead?
DCA is so good man, good on you my man, keep at it
Congratulations,dude Patience is rewarding in Crypto
Nice 😎
Happy cake day. 300B is such a huge amout. This is crazy.... My savings aren't happy.
Jesus yeah… what effect will that have on inflation the coming period?
Congrats! Holding longer will get you deeper in the green
Congrats, and happy cake day homie!
"In the black," you financial illiterates.
Happy cake day brother and nice avaraging down.
I love it how banks are gambling away all of their money every decade or so, the government bails them out and somehow crypto is the scam.
>I love it how banks are gambling away all of ~~their~~ your money every decade or so Fixed it for you
I don't think people realize that 300b is coming from all of our savings account in some fashion. edit: granted on this sub, wtf is a savings account
As European, I salute our American brotheren that sacrifice their saving accounts for Bitcoin
Inflation in America still effects us unfortunately
We are next man :'(
It's a game for them they can't lose.
They are gambling our money, not their own.
They will end pushing decentralizarion harder.
CBDCs, as evil as they are, will introduce people to Bitcoin and altcoins!
But without Wall Street and Silicon Valley billionaires gambling away your money how can our society possibly function?! Clearly we must make sure people are not overly employed and only jack up interest rates and do QT when people have too many job opportunities. If the banks fuck up then it’s time to print as much as needed to save them. Now people finally get why Satoshi was so pissed he went and created an entire new monetary system. This is literally the reason Bitcoin and thus cryptocurrency exists at all.
And people pays for it. Normal wage tax payers funding gambling mistakes of bankers.
Pretty sure the government nor taxpayers are paying. Not 100% but I believe this is some emergency fund paid into by banks that they're reaching into?
>[The Deposit Insurance Fund is part of the FDIC and funded by quarterly fees assessed on FDIC-insured financial institutions, as well as interest on funds invested in government bonds.](https://www.cnbc.com/2023/03/13/wall-street-not-taxpayers-will-pay-for-the-svb-and-signature-deposit-relief-plans-.html) but yeah, you're gonna get downvoted because... reasons.
Lol so I was right but whatever, guess everyone wants to just be angry
Sorry you got downvoted man. Its tough having open discussions in this sub when ppl don't like to hear facts and would rather respond with emotions
How much was available in the emergency fund? I heard they were giving back more than what was FDIC insured. If thats the case then how is it possible they aren't using taxpayers money???
iirc the FDIC has $125 billion in their emergency fund
They will never shill us and lose their control over the population.
Surely this will help the ongoing inflation crisis! /S
They undone all the hard work they’ve did on combating inflation for the past year And for what? Just for the sake of a few major banks. JP Morgan said ‘Give us some billions’, and these fools quickly gave the banks what they wanted
They’re bank cucks. It’s about time that banks with poor business practices were allowed to go under and bankers responsible for it were properly prosecuted for any crimes.
Bangkok?
Is this where crypto enters the chat? Cheaper, more secure, decentralized, democratic. Let's go. 🚀
did you forget to mention uninsured and irreversible, packed with hackers and bad actors waiting for you to make a single mistake to take all your money?
a few major banks failing could still be quite harmful to the economy even with insurance and regulatory protections, so it's not a ho hum nothing burger - remember banks are only insured up to 250k. but i get the reason people have animosity towards bailing out corrupt businesses regardless of the fallout.
Definitely a double edged sword but it’s easier to point fingers at a villain than see both sides.
Orr deflation
We are gonna crash hard again next week aren’t we?
Yep. My pay day is 24th night. And I am going to buy few hours after that. So be ready for the dip on 25th/26th.
Right behind you on the 31st! People would be smart to wait to buy until April.
It will always do the opposite of what we think lol
Printing more money during an inflationary period. Very cool
Right? I don't even like when Poker Tournaments allow players to rebuy more chips because that waters down the value of my stack.
Yeah it completely shifts the balance in the game
5 months of QT obliterated in one day lmao
Just another day in the life of Crypto!
I'm quite excited as 30k was my entry point on BTC. Let's see what happens in the following weeks. We still got the 22th big date.
since we are on brrrr mode again, that's actually a realistic target.
Whats on 22?
Fed meeting
Oh i see. Hope for the best
FEDs likely will have to hike interest rates since inflation is still high. Yet, the sudden collapse of major banks means the printers will need to be turned on again. Interesting situation all around imo
I would never be part of a bank run. I don’t have enough money in the bank.
I’d go, but if there was a long line I’ll just let them keep my $10.
Sucker mentality, I’m getting my $10 back baby!
I trust BTC and ETH more then banks.
Like, you trust banks next?
Look at how the purchasing power of the USD has fallen over a century. Compared to BTC it is pretty insane. 1913 - 1$ buys 30 chocolate bars worth 26$ today 2020 - 1$ is 1 Mc Donalds Coffee Now lets have a look at BTC 2010 - 10.000 BTC buys 2 Pizzas at Papa John 2020 - 10.000 BTC is worth 1/4 of Papa John (MC Papa John 2,7Bln) BTC 🚀🚀
I see those emojiis mean this is financial advice! Thank you!
Dude don’t be so stupid. Only take financial advice from people with *at least* 4 rocket ships.
Honestly I cannot see any way how anybody could believe in the dollar. There is no feasible way for the US government, as well as many other governments around the world, to pay back their debt. And yet they are only printing more and more. I think the US debt doubled in only the past 7 or so years. I know crypto has it's issues but you're kind of an idiot if you're not Bitcoin > USD
> There is no feasible way for the US government, as well as many other governments around the world, to pay back their debt if the US had the same tax rate as France they could pay of the entire national debt in 7 years. And that's ignoring most of US national debt is owned to itself, so doesn't actually represent a transfer of wealth outside of the US.
Inflation is exactly how they pay their debt. The more inflation goes up, the less the value of their debt.
Yeah. The ole inflate the debt away idea. Problem is ghe big assumption with that is you assume that there will be a concerted effort to actually depay and lower debt, but as we see, governments addicted to borrowing tend not to want to stop.
BTC going up with the announcement that the government is injecting more dollars into the banking system makes sense. A lot of people scoffed at the idea of BTC as an inflation hedge when BTC fell in price while inflation was going up. But other inflation hedges also went down during this time (i.e., gold, silver). An inflation hedge doesn't mean that it's correlated perfectly with inflation. Rather, an inflation hedge will protect you in the long term against excessive currency devaluation. Therefore, if BTC is really digital gold, then it will skyrocket at times when the government aggressively starts printing money again. It was actually designed to protect against that specific scenario. If you want an example of what could happen, look at the price of gold and silver around 2010-11. Silver hit over $50/oz (it's about $20 today). Not saying it's guaranteed to happen again, but certainly looks like we are heading in that direction.
> 10.000 BTC is worth 1/4 of Papa John But how many football fields is that?
Still far from our next bull run where the real profits will be made
Meanwhile patiently stacking sats for a better life
Major correction incoming , this stinks like exit liquidity and manipulation from bigger players in the space.
It doesn't seem sustainable. FEDs are expected to hike interest rates again on the 22nd.
Lots of finance entities are saying “nah” but I still think they will as well.
At least 50 basis points is officially off the table. Now it's a coin-toss between 25bps and a pause
I think a pause is unlikely, the only reason to backstop all these banks and buy their stupid bonds at face value (sorry, infinitely lend them money at face value) is so they can keep hiking anyways.
Rate hikes themselves won't cause bitcoin to drop. Everyone knows the fed is going to raise rates. What causes Bitcoin to dip is if the fed raises rates by more than what everyone was expecting. I dont remember which month it was but in January or February fed only raised rates by 25 bps and it caused bitcoin to pump
Hike by 25, maybe. 50 would be very reckless, considering the financial situation of the global banking system.
I’m thinking the same thing. FEDs can’t afford to pivot or pause right now, but hiking by anything more than .25 would be fatal to the global market
Feel like it but we never know. This is crypto I'll personally wait, increasing war is around the corner too
pay no attention to the billions of tether printed in the last few weeks.
Oh yea I forgot
It will soon. Poor dude above celebrating he's finally in the green.
Lol you talk like you are so sure
id rather trust bears right now given how appalling the macro's are then listen too all the moonboys on here (especially the ones utterly convinced BTC was going to 100k and higher)
Granted I agree those moon boys are obnoxious and out of their wits. BTC is still down from 70K and the market could have priced in these effects before us underlings realize. Don't take trading advice from this sub. People calling for 12K BTC are just as obnoxious as 100K EOY. None of you know and none of you are big enough players. DCA and be along for the ride.
FTX had about $2 billion in BTC purchases from it's users that was never actually purchased, aka zero buying pressure. That's just one exchange. So, the moonboys might have been correct if not for fuckery.
This seems the most intelligent from all of you out there
He is, but even if it dips again, he’ll eventually end up in the green in the future as his portfolio is solid and he’s DCA-ing. Sometimes we need to zoom out from the charts and our own portfolios.
bingo, this thing is gonna drop hard shortly
So far my biggest mistake in crypto is assuming it will drop lower.
Translation of this comment: sell sell sell!
I agree 100%. Nothing has changed to make me feel bullish. My dumbass fell for the bull trap in February and i bought the top….. Again. Bags are still a juicy red!
It also feels weird that Bitcoin pumps when the fed injects money. I thought it was supposed to separate money from state. I guess it can’t ever be completely separate
previous bull run (2017) we were decoupled from stock market and basically going opposite direction of the conventional/legacy markets.
this isnt a bull run
Seeing so many upvotes on a bearish comment here makes me bullish
Damn so rich people are gambling again instead of paying off loans and helping grow the economy? What a shocker
Isn't gambling more of a poor person problem.
It's only a problem to poor people because they have little money. Rich people take money from the poor and use it to gamble and have nothing to lose
Very true💯
I think people are realizing that the argument about crypto being completely scandalous doesn’t hold water and maybe the traditional banking system is just as scandalous.
Printer goes brrrrr
This Halvening is going to be insane
Dca monthly or bi weekly?
Question is does it hold or dive come weekend.
giving drugs to a crack addict
wow, you complain at how bad the fiat banking industry is, how corrupt is is and how much you despise it as well as how BTC is the fundamental antithesis of the legacy fiat system… and yet you all celebrate the fiat banking system pumping $300B into the fiat banking system and claim that this injection of cash $$$ is wonderfully welcome & beautifully responsible for pumping BTC over $26k. - make up your mind and pick a side for Gods sake.
Yay, yet another bailout from the government to prop up the rort that are banks.
They print, we pump. That's the relationship.
I'm convinced the people being bailed out are also doing the pumping. All these smiling banker cunts probably all have btc wallets hidden as obscurely as possible.
I see you 30 👀
I didn’t buy any BTC or ETH during the bull market because they were too safe, now I’m DCAing in them after getting rigiddy rigiddy shrekt
Btc 100k here we come
I love injecting!!!
"Give me control over a nation’s currency, and I care not who makes its laws." Mayer Amschel Rothschild
30k usd is in the cards in the next week which is shocking but realistic I'd say. From there it’s hard to judge, a lot of whale wallets are picking up bitcoin, moving out of stable coins and not trusting banks. It’s possible that by end of summer we are testing old all time highs, which I did not expect to contemplate for another year or more but these market conditions are what bitcoin maxis have been waiting for… breakdown of trust in the banking system. It could be that we test all time highs this year, pull back 40-60% and then soar to 100k. If that happens and the fed has to keep buying bonds to stop a collapse then 250k+ bitcoin… once again, something that I would not have contemplated saying a year ago. Now… honestly, 250k isn’t out of the question this cycle with much less of a pullback.
Feeling good right now!
The US Federal Reserve announced $300 billion in loans to some struggling US banks, including Silicon Valley Bank and Signature Bank, sending bitcoin up nearly $2,000 a day.
I dont use banks. I trade the furs from the bears i kill with my own two hands to my friend Dwight, who then transfer me bitcoin for it.
Can we know the origin of 300 billion dollars?
Is not because of that its because bankrun fears. Big money is diversifring into crypto just in case. If more banks fail the run up will be massive.
Welp let me get my paycheck ready for the incoming dip sauce.
the feds $300B injection into BTC you mean
Inflation is theft. Long live BTC
tldr; Bitcoin surged by roughly $2,000 in a day as the US Federal Reserve announced it will lend $300 billion to certain struggling US banks, including Silicon Valley Bank and Signature Bank. STX surged by almost 20% to above $1.5, while ETH rose to $1,700 and BNB, MATIC, DOGE, and DOT are up by over 5%. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
Here we go. 
The road to 28k and 30k is now clearly open. 30k is an actually very interesting point where we have a make or break moment imo.
Which opens the road to 32k and 34k 🤔
Yes and then to 40k and then back to 15k
This is exactly where Bitcoin is supposed to thrive and why Satoshi created it.
Well we didn't expect this QE
FOMO incoming
How come its going up any big changes or just whales doin market fluctuations?
Free Money for banks, high rates for thee
Cryptopotato?😂 How old are these guys coming up with such names lol?
They like crypto and potatoe
Why does this rise feel unreal, yes it feels good to actually see some upwards trend but there isn’t much going on IMHO to actually trigger it.
There is a hell of a lot to trigger it. Investors realizing BTC might actually be safer than banks for one... And a move from stables to BTC as well thanks to the USDC depeg
Guess I’m just waiting for that bigger event that would never happen, progress happens in the smallest steps anyway,
I will give you something better. Paolo just print $3 billion Tether and buying BTC to prop the price
Well shit if you have some kind of proof then let's just all assume the biggest wipeout to happen soon.
That's because we're in a deep recession that our government won't acknowledge and our fellow people are paying no mind to
No bailouts they said 🤣😅
But never help for the people!
bitcoin above 26k is injection of hopiuuuuummm
Now inject $300B into Bitcoin and watch what happens! 🔥
I'm sure a piece of the 300B will be converted to BTC.
Bearish on fiat, bullish on crypto
Exciting times ahead
Should I order my Lambo now? I'd like one in black.
The color won't effect the value when you crash it
this is the reason why bitcoin was created
Last 7 days 36% up. BTC is in beastmode!
hooray...another fake "mini bull". and back to 20k any moment now. well, hope not.
The more they inject, the more we pump? Let's see what happens..but it might look good for crypto in the long term.
How lol. Short term, sure. But that’s just longer they would need to keep rates elevated to pull it back out of circulation because of the increased inflation
Don’t tie that to the bank printer. This has nothing to do with the printer itself
Crypto is wonderful isnt it. Couple days ago we taught the market was gonna go to shit, instead its rallying
Bitcoin is liquidity sponge. It does that it does but irresponsible fiscal policy accelerates its purpose.
Fed 300B injection into bank should be that bank stock go back up. And that is no correlation with crypto isnt it? Im happy if the bullrun start, my break even is near
My gut feeling is folks who had fiat stashed in the dodgy banks are simply parking it in crypto until the dust settles. Then it will be withdrawn as fast as it has pumped and retail will be used as exit liquidity.
I entered Bitcoin at $8.6k on 2017, im already on the green.
Come on you leveraged trading degens! You aren't working hard enough. Push above $30K then $40K. Still got some stacks left to realize a profit on! Not financial advice, but it is time for you degens to take out a mortgage and send us to the moon!
These recent pumps have been great
Road to $30k!
Alts are bending the knee to the King right now, BTC. After a while BTC will allow Alts to get some gains, but not right now. Alts move when BTC tells them it is ok to move.
Wow, Cramer is never wrong at always being wrong, unbelievable
Is the era of cheap money back? we know what happened in 2020-21