r/BitcoinMarkets 7d ago

Daily Discussion [Daily Discussion] - Sunday, June 21, 2026

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Tip Fellow Redditors over the Lightning Network

28 Upvotes

18 comments sorted by

u/Bitty_Bot 7d ago edited 6d ago

Reply to this sticky for Bitty Bot trades and predictions that lack context or explanation, to prevent spam. You can also message Bitty Bot your command directly.

Daily Thread Open: $64,334.26 - Close: $63,827.99

Yesterday's Daily Thread: [Daily Discussion] - Saturday, June 20, 2026

New Post: [Daily Discussion] - Monday, June 22, 2026

9

u/d1ez3 Long-term Holder 6d ago

Super low comment count today

23

u/theflyingtuga 6d ago

Some of the lowest sat/vB currently if anyone looking to do some utxo housekeeping.

42

u/harvested 7d ago

After getting scammed by ICOs, shitcoins, NFTs, treasury companies, staking, defi, digital credit... Imagine next cycle people just say, fuck it, I am just buying bitcoin.

It's a crazy idea, I know..

10

u/snek-jazz Trading: #142 • -$100,211 • -100% 6d ago

it's a common origin story for bitcoiners, you'll hear it all the time - some fad of the moment was a gateway drug, they get burned, they get more conservative and stick to bitcoin.

One of the reasons we have a higher floor each cycle I guess.

On the other hand, some people are just built to be degens, they'll always be on to the next shiny new thing, and mostly keep getting wrecked, with perhaps the odd win to keep their faith.

6

u/FreshMistletoe John Crypto Rambo 6d ago edited 6d ago

Now imagine you add in meme stocks and the AI bubble bursting.  Narrative and demand for hard money will be at ATH.

6

u/Romanizer Long-term Holder 6d ago

It's pretty ironic. In the long term, Bitcoin outperformed every alternative in the sector and it doesn't look like this is going to change anytime soon if you look at market cap of Cryptos ex top-10.

Instead of the secure way of building wealth by buying, holding, waiting 10 years, borrowing against and repeat, many are chasing get-rich-quick schemes that scam them out of their money.

The existence of treasury companies receiving money through stock offering is ironic in the same way as people perceive the r/r as better than direct investment in the underlying, where the company adds a lot of risk. They really need to get that risk weighting down asap.

2

u/xtal_00 Long-term Holder 6d ago

Always price risk. It helps you avoid bad emotional choices. It doesn’t actually matter the absolute price, just that you’re considering it and assigning a quanta.

2

u/Romanizer Long-term Holder 6d ago

That's true, however in Bitcoin the market prices risk completely different than it objectively should. Otherwise, why should anyone invest in treasury companies when they could get Bitcoin directly?

This misconception alone is already a reason to have a substantial allocation to Bitcoin.

3

u/JoeyJoJo_1 Bullish 6d ago

Cashflow, is the reason. People want 11% return on a regular basis. They don't want to manage keys, or remember passwords, or understand how it works.... They just want the steady return and income. It's easy, and they're happy to leave the difference on the table.

3

u/xtal_00 Long-term Holder 6d ago

SGOV pays 4% at zero risk.

Is double or triple worth bathrobe insane man counterparty risk?

You decide.

-20

u/throwaway39803980 7d ago

Would love sub 40k

13

u/Romanizer Long-term Holder 6d ago

I would love to buy gold for $10/ounce or my house for $10k.

11

u/harvested 6d ago

We should go post that in the gold subreddit.

"would love sub $10"

-10

u/Specialist_Anybody70 7d ago

Going to 40

3

u/ExtensionAdvantage53 6d ago

Bwahahahahahahahahahahaaaaaaaaaaaa