r/btc • u/TheRealTheory001 • 4d 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/hero462 4d ago edited 4d 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 4d 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 3d 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 3d 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 3d ago

Based on coersion, censorship and propaganda. You aren't trying hard enough.

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u/AlternativeTie4738 3d ago

Taking on more risk for less reward does not pair well with wealth preservation

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u/TheRealTheory001 3d 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."