BTC so where to now?

So with BTC now once again below 60k where to now?

It looks to me to have decisively fallen below the 200wma – historically that could suggest we are within 10-20% of the bottom, which would take it to the mid upper 40’s around $47k, just dipping below 50k, which seems reasonable if this was a normal cycle.

But is this a normal cycle? We haven’t even had the trigger for the capitulation sell off yet, it has just been a slow relentless grind all the way down from $120k to $60k.

Then there is this guy…


Michael Saylor lost $6bn in a day back in the tech wreck of 2000, which adjusted for inflation I reckon he would be approaching again today, albeit over a longer time frame, having lost $16bn of value since October last year…. but as he still holds another $64bn in Bitcoin through ‘Strategy’ the possibility still exists that he could beat his previous record.

There must still be some true believers out there? Robert? Peachy? Is Saylor still the Messiah or is he just a very naughty boy?

Where to now? What’s the play? HODL for longer or get the hell out of Dodge?

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LSWCHP

BTC to zero eventually, I reckon. There just seems to be too much dodginess about it, and eventually everybody involved will have had enough, and there will be a rush for the exits.

In the meantime, fortunes will no doubt be made and lost

A Fly In Your Ointment

Indeed.
new cryptos can be ‘printed’ ad-infinitude and no amount of artificial limitation will compensate for limitations imposed by nature.

robert2013

I thought 65k would be the bottom so I am out. I think the market wants to test Saylor. Strategy holds ~840000 BTC. It’s around 5% of all bitcoin if you take out the estimated number of lost coins. On any measure this is a huge risk. Not only because a forced sale will tank the BTC price, but also because the value of the BTC holdings dwarfs the value of Strategy’s software business. The dividend requirements of STRC and STRK are the part that could trigger forced sales. Understanding exactly how those work is beyond my interest and possibly my ability. It seems to me that you should not hold BTC in a falling market unless you understand how those things work.

The long term future of bitcoin is unclear now. It is not for everyday transactions. It’s slow, expensive, and not private. Stablecoins are faster and cheaper and will no longer primarily be used to provide USD liquidity to BTC markets. They are taking over cross border transfers. Zcash and monero offer privacy. BTC’s decentralisation and public ledger are advantages that remain, but who really needs to pay a premium for decentralisation? Which leaves its fixed supply, making it arguably a harder form of money than gold.

My view for some years has been that BTC is ideal money for central banks and for intergovernmental transfers. With BTC, governments don’t have to trust one another, can see the source of every bit of BTC, and don’t have to ship gold bars which can meet trouble in transit. However, for this to happen the BTC price needs to be big enough and liquid enough to support transactions of very high value. I used to think it was inevitable, but I’m not sure now because because of the other coins that have overtaken BTC in speed, cost and privacy.

It’s too early IMO to call the BTC cycle dead. I expect the cycle to continue to follow the halvings but with less than 1 million BTC still mineable, it’s not the halvings that are causing the cycle directly. It’s more like an echo of halvings past embedded in market dynamics. BTC could reach up to $150k IMO.

robert2013

Trump and Bessent are setting up USD stablecoins to ensure USD dominance persists. They’re not so interested in Bitcoin, but they don’t mind it.

SoylentGreen

I am not a financial planner this is not financial advice. I played with BTC through the ETFs and sold after moving house. This was my only foray into BTC and I absorbed a lot of media from the ideologues to nepotism babies who didn’t want to do any work and still feel more important than everyone else. During that time I came across Michael Howell who posited that BTC was a liquidity pool, as global liquidity is high so too is the BTC price. He now fears global liquidity is tapped out. Make of that what you will.

https://youtu.be/CDK7G4lTKII?si=BbPqJosn90vSo6PO

A Fly In Your Ointment

BTC,
meh

A Fly In Your Ointment

farken immos tearing up the fabric of the culture.

Must be a poojeet or a negro, eh?

Mr [Simon] Carman has now been charged with murder and burying, concealing, moving or destroying a body to conceal the death or cause of death, and offences relating to taking a minor for indecent purposes.

robert2013

Why don’t you start a Facebook page to catalogue your list of crimes. Nobody gives a shit here.

A Fly In Your Ointment

But wait, this is the tradition youse types created and nourished. I’m just trying to assimilate.

stagmal

it’s over for shitcon imo. there might be one more cycle in this piece of shit but people are starting to wake up to how retarded this “asset” is. at least with AI data centres you get a chatbot you can write porno fan fics with from all the electricity you waste, with crypto you don’t get anything.

robert2013

That’s an obvious and tired argument that’s been dealt with many times elsewhere.

stagmal

Load up then, nobody knows who is going to be right. if this isnt the last cycle there is money to be made

A Fly In Your Ointment

After all, I am a leading national intellect and a successful national-interest policymaker at the highest level.

Just in case fifteen years of my truth-telling on this blog are not enough to convince you of the veracity of the above…

A moron.
His “truth telling” is an indusputible argument to the contrary.

This is the same guy that got the housing crash wrong at every turn for the past 16 years right…?

robert2013

That passage was way OTT.

Aussie Soy Boy

He’s a raving lunatic on heavy drugs. I don’t believe any of it

Aussie Soy Boy

This is going to stick to Leitho who was an upstanding bloke

A Fly In Your Ointment

It is an outrageous story, hence likely plausible in a nutshell. I trust not one single .gov.au employee or the laws to be bona fide,
but the amount of fluff Llewdo put in his tales is the size of a small Galaxy.
A moron, with an imagination though

robert2013
stagmal

I feel bad for him he seems like he’s been in a terrible place for years. He always seemed big league sloshed out in those podcasts he used to do

SoylentGreen

His remark in his post “we barely even drink” stood out to me…

A Fly In Your Ointment

we barely even drink”

That came juxtaposed to

we don’t abuse substances

As if booze is the only substance

Life.on.Zolof

A Fly In Your Ointment

I feel bad for all those whom he vehemently dissuaded from buying their home BC crash is just 18 months away.

Aussie Soy Boy

He’s completely flipped out. He would have been heavily abusing booze and prescription or illicit drugs in the past, and now he’s past the point of no return he’s on the anti psychotic medication. He’s done. I dealt with someone like this in the past. Same ramblings, same paranoia, same persecution complex. Some of it maybe true but let’s face facts all of this can be tracked on computers, there’s an audit log, they can check out cctv. Hopefully they take his kids away from him. Unfortunately for the other guys Leitho and Gunna, this druggie Dave is the admin to the site. Who would even have money in their fund at this point lol. They need to be shut down. It’s hard to feel sorry for him he was such an a-hole to anyone that defied him

A Fly In Your Ointment

Verbose Gunna is just a less psychotic version of Llewdo.
Bleato is a NPC in the whole story.
All in all…. when their Super fund goes tits up, predictably, Llewdo may be exculpated based on his mental condition. A silverline?

robert2013

It’s starting to look as if the men in white will be knocking soon, but he did provide quite a bit of detail about how the VIC computer system was compromised. I work in a public service role and I know people in others, albeit not in VIC. In my opinion there is no systematic management. It’s all dependent on the individual staff. Periods of high staff turnover result in system failure. New recruits struggle to get it working, but with little documentation and insufficient training, they never really get on top of things…imagine this happening for decades. This is a consequence of career politicians (the uniparty), mostly BA or LLB grads, running the show for too long. It would not surprise me if what DLS said about the MARAM (?) system was true. However, if doesn’t appear in the court reports it didn’t happen. I’ll hold my judgement until then.

The90kwbeast

USD $50k is next still IMO

A Fly In Your Ointment

Resist Tyranny!

What these people are doing is Sizyphian
Youse types always like watching clamping down on people who think for themselves, those who do not toe in to “higher power” youse toe in. Those who do not dwell in quiet desperation.

https://www.news.com.au/lifestyle/health/health-problems/resist-tyranny-nsw-gp-suspended-in-pandemic-calls-out-witch-hunt-promises-war/news-story/159d961605f6d753864f80d086e87ae3

A Fly In Your Ointment

11000 lose their super. $1,1bil

50 colonial cents bet that EmBee’s super fund is nearby, pending a wipeout of all the 12 members. Llewd and legally insane fund managers cannot be prosecuted.

https://www.news.com.au/finance/money/financial-misconduct-victim-fund-missing-170m-amid-claim-spike/news-story/4c2dee3bff21ca42e2316a82da5e7a62

robert2013

Part 5 from DLS.

https://www.macrobusiness.com.au/2026/07/rise-and-rise-of-the-weaponised-social-worker/

hard to believe, but it has been noted before that truth is stranger than fiction by better minds than mine.

DictatorDavid

You just have to turn on the news and see a state or federal politician presser. They love to be flanked by 6 middle age women all wearing ridiculous glasses and do nothing but stand there and nod with a sour look on their faces. They always look like the biggest cunts. Fuck I can’t stand it hahaha

robert2013

Question for you: seeing what you see now, would you partner with a woman if you didn’t already have one?

A Fly In Your Ointment

🤮☝️

A Fly In Your Ointment

If that non-sequitur makes you sleep better, then so be it.
Unimaginative online idiots are the last persona I’d discuss my family matters, despite your darting… I just don’t drag my family through cesspool sediment you’ve made this place.

Given the onset of women hate puke, should we rename EZFKA to MGTOW/Incel dot com?

A Fly In Your Ointment

Yep sure Spewie. That’s why I Spew incel women hate at every opportunity.

Unimaginative idiot

A Fly In Your Ointment

Yep, Sure thing Spewie, whatever you spew, no one doubts.Every post has several instances of you claiming that. Why so often?

Tnx for “pity” me, LOL. Unimaginative, as usual.

A Fly In Your Ointment

Bollocks, I did not claim anything. Of all the people here only you ever mentioned how supreme you are bc a family from which you project how lonely and pity others are.
*
I do regular remind you of your words that there’s a family which sometimes let’s you be near them whilst they watch a romcom.
Your words!

A Fly In Your Ointment

Tl;dr
But you did not blame jews so kudos, that’s an improvement.

Roberto, you asked and here’s why ezfka.com is doomed to die.
It is turned into incel diatribe Spewing fiesta with every women hate shyte like above.

A Fly In Your Ointment

Dream on… tl;dr
Diatribe stinks the moment the page is opened.

I’m sure women agree with you.
It may take a black eye but eventually the bitch deserved it, eh?

A Fly In Your Ointment

Not even Yankees call them selves indigenous and yet they created a world empire so have an absolute roight to claim that title.

But kudos for not mentioning Jews and Freudian slipping the label on Abos as true indigenous people.

But let’s see…. you claim that indigenous should integrate and assimilate into colonisators culture to retain their “indigenousness”?
LOL, Spewie at his best.
If your intellect is leading in your culture, no wonder this cuntry is flucked at every turn. I begin to believe that youse would’ve flucked it long time ago and much faster if it was not for wogs and now slopes and poojeets saving it. A farken cognitive dissonance to say this.

A Fly In Your Ointment

But let’s see…. you claim that indigenous should integrate and assimilate into colonisators culture to retain their “indigenousness”?

😆😆😂😂
Tnx for a round of laugh.

A Fly In Your Ointment

For a jew hater you’re underwhelmingly un/mis informed. It’s the jews who funded colonisation and set business foundation to this cuntry. Youse were just the metaphorical bricklayers. Brickies don’t claim every house they ever built as their own, eh?
Ofcourse all wogs value own ethnicity, only an idiot would not. Poms are worse.
I know plethora of voluntary migrants from England to Aus who refuse bogan culture and don’t mix with youse types. They find you more repugnant than all others combined.
The part to which you’re oblivious despite the obvious is that it is **your** “culture” which is repugnant to the rest (even more to poms), not the Australian culture. Youse types think bc you bear some similarly with Aussie culture that it is the same. Alas… the dunny time is over….so your time is up…

Lavrentiy Beria

Testify
https://m.youtube.com/shorts/KLsHeqt9yOE
First world country…

A Fly In Your Ointment

99% of the voters will not understand implications leading to that. Not one iota of it.
.
Investment properties are like Browndo. Because Browndo has electrolytes, it’s good for you! We need more investment properties and more immigration to sustain “the value of RE only goes up”… and that’s what polies give them.