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47 sats \ 8 replies \ @Aardvark 7h \ parent \ on: Most comments wins 👀 meta
Remember when we used to talk about bitcoin on SN. Those were nice times.
Speaking of. How long do you think were going to crab around in the 80s? I'm guessing were going to see a lot of stagnation until the tarrifs become a known entity at the very least...
fuck knows.
Told a friend today, while shaking my head in disbelief, that it's pretty incomprehensible to me that we're not in the 500k range. Stars couldn't have been better aligned, yet -- critters.
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I'll admit that I fall into the "cheap sats" mindset from time to time, but honestly, it's a bit shocking. There's 21 states still deciding whether or not to make a SBR. The US government is trying to find ways to buy bitcoin. There's more and more institutional adoption every day.
My honest guess is that there's just a metric fuck ton of bitcoin out there still that got bought dirt cheap. It's going to take a while to absorb all of that cheap bitcoin.
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Or Chinese selling. Or market manipulation. Or we're just wrong about all of this.
I dunno, nothing makes sense
Plus: why is it always on Sunday afternoon/evenings that we get this asinine drop-off-a-cliff falls?
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would you say the real-world conditions for bitcoin (institutions, adoption, educational products, regime change, global insecurity, continued sanctions regime, money supply etc etc) is only 30% more bullish than a year ago?
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If you would have told me all of this a year ago I'd have guessed way over 80k. Hell, we were at 110k not too long ago and it was moving pretty fast too.
I honestly can't guess exactly why we're sitting in the 80s but I think it can't stay this low forever. Something is going to give eventually.