>>60959901

For lurkers popular demoralization threads include:

- 1 million dollars is literally nothing
- 1 bitcoin is literally nothing
- I ONLY earn $100,000+ a year
- pictures of 6 figure portfolios claiming they are "in hell"

and many other tactics. Time for a reality check:

- 1 million dollars is life changing money, to almost anyone.

- 1 bitcoin is extremely rare, only 1 in 10,000 people own a full bitcoin

- $100,000+ a year is a dream to a lot of people. Most people on this board claiming they earn 6 figures, don't. It is a sad larp to try and impress people they don't know on the internet.

- If you have a 6 figure portfolio and claim you're "in hell" you are utterly deluded beyond comprehension. People who have no money and are living paycheck to paycheck are the ones in hell.

If you are in 3, 4 or 5 figures, don't be demoralized by these cunts.

Thanks for listening to my yap session.

Here's why that's a good thing:

Nobody likes to see BTC hitting a wall and getting rejected, but this cools off the RSI and prevents it from overheating. If we blasted straight to 130K, the RSI would melt and we'd likely see a huge correction. A slow grind upwards is better than a flash pump and crash.

>>60622953

Liquidation cascade. At 120K, hundreds of millions in shorts got liquidated, sending the price shooting up to 121K. Once it hit there, a bunch of sell orders were filled. Creating this spiky looking chart.

>>60596067

>I don't think you're right, but I also won't take the time to look up the facts

Ok buddy, since you're a lazy ass, I'll do it for you:

May 22nd 2025: Bitcoin rallies to a new all time high, 112K. Volume: $60 billion

December 17th 2024: Bitcoin rallies to a new all time high, 108K. Volume: $110 billion

March 11th 2024: Bitcoin rallies to a new all time high, 73K. Volume: $65 billion

There are many more examples, these are just a few. By the way, I want bitcoin to blast off and do well, I've been holding for 3 years now. I'm just showing you historically that we need high volume to eliminate enough sell orders to break the wall and go into price discovery.

>>60595633

cryptofag here. Correct. They're great for upside volatility, but once we get a deep correction and bear market, they're going to fuck the market badly. Lots of them will go bankrupt.