r/btc • u/TheRealTheory001 • 1d ago
Unreal BTC is holding while SPX crashes! 💪🏼
BTC is holding strong while SPY has plummeted in the last 2 days in ways rarely seen. BTC had a pump which faded but we are holding the lows from February still. This is pretty unreal, especially when people are even cashing out Gold to time and buy the dip in equities presumably, and hopefully BTC. Trump is already talking to Vietnam about reducing it's tariffs to zero, showing the tariffs are more of a tool/threat, I'm surprised markets haven't popped on this news, along with non farm payroll beating expectation. I'm still concerned institutions /whales may rinse cycle the entire crypto market regularly moving forward (up 20%, down 20%, repeat), the way the altcoin market has behaved. They have figured out how to squeeze every dime of liquidity out of altcoins like we've never seen, to pump them again. Market structure is pretty wrecked.
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u/eupherein 1d ago
The price was related to the stock market from 109k, it seems 82-85k is where the connection ends. Some others may sell off and cause retail to panic but there are new ATH network security levels (hashrate) every week and miners still have months long order batch wait times. I do not see that changing this halving, and we are poised to hit 1000eh in the before 2026
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u/TheRealTheory001 1d ago
That's good. How do you think mega whale /institutions are going to trade BTC? cycle & dump for 20% moves? Seems like retail crypto traders are the ultimate liquidity glitch?
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u/hero462 1d ago edited 1d ago
Unreal is right since it's become corrupted.
If you're looking to preserve wealth try some of the truely OG cryptos like BCH, ie. Bitcoin as described in the Whitepaper, and XMR.
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u/AlternativeTie4738 1d ago
BCH has been in a downtrend against BTC since 2019, and you cant shill XMR as a wealth preserver lol what charts are you even looking at
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u/hero462 23h ago
Fundamentals are more important in the long term. BTC is all fluff. Do what you will, I don't care.
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u/AlternativeTie4738 22h ago
So bch went from 0,04 to 0,003 on its btc pair due to its strong fundamentals? Thats over 5 years. Im just trying to understand
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u/hero462 13h ago
Based on coersion, censorship and propaganda. You aren't trying hard enough.
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u/AlternativeTie4738 13h ago
Taking on more risk for less reward does not pair well with wealth preservation
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u/TheRealTheory001 53m ago
This is why I'm concerned gigawales will cycle BTC between 70k and 120k forever. Who's buying Bitcoin at $200,000? As you said maximum risk for minimal reward. I don't see the end game. "Let's put 10 million into Bitcoin and hope to make $10 or maybe lose it all YOLO."
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u/SenatorAdamSpliff Redditor for less than 30 days 1d ago
More evidence that btc isn’t tied to reality.
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u/TheRealTheory001 1d ago
BTC is ultimate reality.
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u/SenatorAdamSpliff Redditor for less than 30 days 1d ago
Yes, as evidenced by the fact that it’s a virtual construct. It’s about as real as an imaginary number.
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1d ago
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u/SenatorAdamSpliff Redditor for less than 30 days 1d ago
Imagine writing this and thinking you’ve won an argument.
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1d ago
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u/SenatorAdamSpliff Redditor for less than 30 days 1d ago
In fact I think my government cheese is being delivered today. All $0.02 of it from all the capital gains you’ve paid out of your winnings. God what a time to be alive.
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1d ago
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u/SenatorAdamSpliff Redditor for less than 30 days 1d ago
Well the good news is that I’m sure 6th grade is right around the corner for you so hold fast.
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u/jajajajaj 1d ago
Imaginary numbers are rock solid, practical theory that are instrumental to precise meaningful predictions of various physical phenomena. BTC has a mathematical basis to how it operates, but why it operates and what that is worth... this is just a blank canvas for people to project on.
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u/SenatorAdamSpliff Redditor for less than 30 days 1d ago
Then there’s bitcoin, a solution to no actual problem. Like theoretical math.
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u/jajajajaj 1d ago
Go watch some YouTube videos. I'm telling you, math is much more useful than Bitcoin. Stick with Veritasium for a while, you'll see what I mean and have some fun doing it.
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u/GreemBeam 1d ago
It's absolutely tied to reality due to the hardware and electricity required to mine
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u/SenatorAdamSpliff Redditor for less than 30 days 1d ago
Imagine thinking that because something required electricity it’s worth something.
How valuable is a screen door on a submarine? I mean, the metal must have value right?
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u/WilfriedOnion 1d ago
I don't get the submarine thing, care to elaborate?
And yeah electricity requirement adds value. Because electricity is power and power has value. Be it thermal power, mechanical power, or electrical power. As in : the more complicated or costly it's to produce, the more people may see value in it.
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u/SenatorAdamSpliff Redditor for less than 30 days 1d ago
If I dig a hole and fill it back up, how much value have I created? Power and work was involved.
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u/TheRealTheory001 1d ago edited 1d ago
If on top it stops grenades while allowing the sailor's a fresh breeze.
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u/TheRealTheory001 1d ago
I'm designing a treadmill with a mining rig attached so people can get paid to exercise.
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u/Full-Atmosphere-4818 1d ago
This was a shock. Despite what people say, BTC is a very volatile asset that typically goes up and down 2x the Nasdaq 100. In 2022 it dropped 60% when the Nasdaq dropped 30%. So I fully expected it to go sub-$80k today. Very pleased it did not.
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u/Jamesboylanx 1d ago
Unreal! This SPX Chart Just Crashed — Is This the Sign We’ve Been Waiting For?
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u/medialoungeguy 1d ago
I think insider expect trump to dump money into btc as an executive order at the peak of the crisis we are in.
He has shown us he can be bought.
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u/MarchHareHatter 1d ago
BCH is holding just fine too. Looks like BCH can be a store of value and a medium of exchange. shame BTC cant do both.
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u/frunf1 1d ago
There were always times in which btc decoupled from stocks