Nobody Knows What (Bitcoin) Prices Do, Take 2 (Bitcoin Magazine, JB) \ stacker news ~econ

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Nobody Knows What (Bitcoin) Prices Do, Take 2 (Bitcoin Magazine, JB)bitcoinmagazine.com/markets/bitcoin-price-drops-again-and-nope-its-still-not-because-of-the-fed

665 sats \ 9 comments \ @denlillaapan 25 Aug econ

A lil sneak-peak... out on bitcoinmagazine.com in an hour or whatever.
(cuz I gotta run and ain't hanging out on SN on the fly -- literally)

Lots of snark, worth your time.

More interesting/terrifying is that it keeps falling afterwards, hitting new lows. Our most scoop-like explanation is that all of these shitcos — of which Mr. Bailey, the owner of BTC Inc, runs one, having recently incinerated some $41 million — gobbling up all these coins during the spring couldn’t hold on to them and are now burping them back out again; some, in liquidation-infested red candles, and others in slow, grindy, time-weighted price.

A little schtick on David there, too, so Car is happy.

"Altogether pathetic. We need Bitcoiners rich and flourishing, not impoverished and distraught.""Altogether pathetic. We need Bitcoiners rich and flourishing, not impoverished and distraught."

Bitcoin price therapy out. See you all in Hong Kong for Bitcoin Asia.

psst, if you're in HK this week, hmu.

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69 sats \ 3 replies \ @SimpleStacker 25 Aug

We publish these bitcoin price articles because you search for them and click on them and read them. You vote with your eyeballs as much as with your dollars. If you want better journalism, be the change you want to see in the world — read the good stuff instead of the fast-food trash with macroeconomic shelf life of a half-eaten apple (the fruit, not $APPL!).

@denlillaapan really taking it out on his own readers

36 sats \ 2 replies \ @denlillaapan OP 25 Aug

Pretty much.

Got some internal shite for that, but whatever. Gotta have spine

12 sats \ 1 reply \ @siggy47 25 Aug

Gotta do it. It gives BM more credibility

36 sats \ 0 replies \ @denlillaapan OP 25 Aug

Here, aaaaat your service!

33 sats \ 1 reply \ @Undisciplined 25 Aug

So, it’s a lot of margin covering?

Seems like we might see more of that, with how much leverage is out there right now.