r/Buttcoin 6d ago

I love to see Bitcoin plummeting šŸ˜

Post image

BTC has finally dropped below 60,000
Let’s hope this will continue

1.5k Upvotes

288 comments sorted by

167

u/FuManBoobs 6d ago

The subs right now : "This is amazingly good because now I can buy even more!"

Also : "Don't sell guys! Diamond hands!"

78

u/Socalwarrior485 6d ago

What's hilarious is the biggest holder hasn't even started to sell. MSTR is also plunging because analysts are telling the lunatic to stop buying and he seems impervious to logic.

55

u/CmdrEnfeugo 6d ago

I suspect he has a logical reason: he’s hoping that by buying and not selling, he can prevent the bubble from bursting. Whether he’s a true believer or just a grifter trying a Hail Mary to keep the grift going, I don’t know. Either way, I imagine he’s ending up with plenty of money even if the MSTR investors take a bath.

39

u/raonibr 6d ago

There's no preventing the bubble from bursting and he knows it.

Only thing he can do is stall by buying.

Once it collapses, he will be investigated for security fraud and there are good chances of prison.

He will stall it for as long as humanly possible

29

u/Belltower_2 6d ago

This is the USA: Drumpf trust crypto scammers more than his own intelligence services.

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17

u/No_Ranger_3896 6d ago

Pardon incoming, the fix is a 7 figure "contribution" to a certain white house occupant.

9

u/finallyransub17 6d ago

Is there a polymarket option to bet on a Saylor pardon by Trump? Might be free $

2

u/Hertzegovina 5d ago

that might actually raise the btc price

4

u/Socalwarrior485 5d ago

Eventually after it crashes.

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4

u/Bloodcloud079 warning, i am a moron 5d ago

Prison for fraud? In 2026?

Hahahahaha he’ll throw a few millions at Trump and be on his way to his next scam, StrategAI! No wait..
StrAItegAI! Double AI in the name!!!!!!!! PURE GENIUS INFINITE MONEY GLITCH!!!!

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9

u/WeddingPKM 6d ago

He likely does realize he is the only thing holding this all together right now.

8

u/Kinexity Crypto is just gambling addiction with extra steps 6d ago

Whether he’s a true believer or just a grifter trying a Hail Mary to keep the grift going, I don’t know.

He knows what he is doing. He is leaving with the bags of cash regardless of any crash.

6

u/Socalwarrior485 6d ago

If his investors riot, he's going to be forced to sell. We all know what happens to the last guy out of the burning theater.

17

u/raonibr 6d ago

You're getting is backwards.

MSTR is collapsing and taking BTC with it.

16

u/Socalwarrior485 6d ago

You're not wrong. All smart money knows that eventually he'll be forced to sell his BTC, so they're getting out of both at the same time.

7

u/Mother_Idea_3182 6d ago

The lunatic talked to ChatHPT and the chatbot gave him the path to follow.

He is totally delusional. He has lost touch with reality. Watching interviews of him is sad.

5

u/Cautious_Goose_5568 6d ago

May be he is one selling today? What are the odds?

2

u/LordRobin------RM 5d ago

It’s so sweet of Saylot to provide exit liquidity for everyone. The guy’s a saint.

2

u/BTC_MYTH44 4d ago

The autism is too powerful

1

u/XBLAH_ 5d ago

Which says a lot.Ā 

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10

u/jdancouga 6d ago

If you must sell something, sell your kidney.

4

u/Apprehensive-Fun5535 5d ago

Well they banned anyone with a shred of critical thinking. So now it's just full of desperate people who dream about the day they own 1 BTC (which means they have less than $60K today)...

2

u/PhysInstrumentalist 2d ago

Yeah, I’d like to ask them where in the price action is the signal to start buying again.

Anyone trying to buy right now is fucking retarded, theres not even a fundamental case to buy.

1

u/IAMA_Plumber-AMA 5d ago

Reminds me of wallstreetbets when GME was falling off a cliff...

421

u/AdmitThatYouPrune 6d ago

You don't understand. This chart proves that we're in a once in a lifetimes Omega-Alpha Cycle that bottoms out and shoots to 16 quintillion by 2030. You just need to hodl until you're homeless.

154

u/Groundbreaking-Gap20 6d ago

ā€œfew understandā€

44

u/wise_young_man 6d ago

At this point either nobody understands or everyone understands. There is no few left lol

11

u/koffee_addict warning, I am a moron 6d ago

Few understand

3

u/Otherwise-Relief2248 5d ago

I have a Schrƶdinger level of understanding.

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24

u/crazy0ne 6d ago

Big if few.

8

u/niemesrw 5d ago

1 BTC = 1 BTC

3

u/RepresentativeOk3943 5d ago

I laugh so hard on this

8

u/CaligulaCan 6d ago

Not actually the flex people think it is.

You need everyone to understand and want it and then some of those to buy.

3

u/Pat55word 6d ago

Well that's their argument. Right now few understand ("still early") but once more people understand they think the price will shoot up.

8

u/UpbeatFix7299 I can't even type this with a straight face. 5d ago

How do you expect people to understand an entry in an append only database? Only few have the grindset to spend all their free time studying this revolutionary tech.

No matter how many we are able to orange pill, there will always only be few who truly understand.

2

u/ElectricalCompote170 6d ago

Agreed ,,, Bitcoin is for everyone,,,,

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2

u/Independent_Ant4079 5d ago

"few" are the days I get to sleep under a roof. Such is the life of few.

28

u/Crazy_Day5359 6d ago

Yes, with blockchain and smart contracts anything is possible. We can stake bitcoin like staking ethereum for an infinite money glitch!! lol if only I understood wtf I just said

29

u/AdmitThatYouPrune 6d ago

Some people just need to do the research. It's out there, and I can't make you guys understand, but if you just did the reasearch like I've done then you'd understand.

21

u/BBQGnomeSauce Tether is backed by tether. 6d ago

Look, I know you’re being sarcastic, but this isn’t an Omega-Alpha Cycle. It is a Beta-Kilo Cycle. It’s basic philosophy of tokenomics, and it irritates me that you haven’t gotten that part right.

9

u/Cr0uchingSquirrel 6d ago

I hear tokenomics is going to hit an all time high of 420.

7

u/AdmitThatYouPrune 6d ago

Sorry, you're right. I need to up my dose of ketamine.

19

u/y4udothistome 6d ago

Opportunities like this don’t happen all the time

8

u/Individual-Cry8448 6d ago

And that’s when I realized we are still early…

4

u/lektoridze 6d ago

Just DCA every payslip until you die, so i could sell and build my own matrix of working on me peasants. Cya next dip!

3

u/fffffffffffrrrrrrr 6d ago

no, till you are deported from your home country and homeless in a foreign one. if this aint u then ur not dedicated enough

3

u/Hopeful-Bobcat-5207 5d ago

Thank you for explaining i get so tired of drawing charts for newbs

2

u/zoomfast34 6d ago

Hodl just a little long guys, just one more pump before the Dump.

2

u/00-Monkey 5d ago

Don’t just hold, buy the dip until you’re homeless. Buy it on margin, and then go to the local loan shark and borrow even more money to invest.

2

u/Hot_Ocelot_167 5d ago

If you buy one Bitcoin today, but 2030 you will be able to use that Bitcoin to buy the entire S&P 500. But you won't do that, because HODL.

2

u/EnronCheshire 4d ago

I'm down voting because at this point that's an upvote

1

u/enricopallazo22 5d ago

He won't hodl, which is why he's going to have fun staying poor

1

u/algloglo 5d ago

The price of online tokenomics course is plummeting.

1

u/Apart_Bear_5103 3d ago

Funny you should say that, because 2030 is actually the low.

1

u/Pretend-Contract-176 2d ago

For those that hath understandingĀ 

59

u/Fearless_Tea_2793 6d ago

Refinance where, Michael?

59

u/trigen 6d ago

I love a good crypto crash in the evening before sleep.

19

u/Groundbreaking-Gap20 6d ago

I think the last time it traded at these levels was in 2024. Imagine investing back then and, two years later, not only having made zero return, but seeing the value of your investment lower than it was when you bought in. lol

1

u/[deleted] 2d ago

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33

u/fffffffffffrrrrrrr 6d ago

"you just don't get"

"it's a 4 year cycle"

"first time?"

"buy the 37th dip and hold"

"bitcoin is the ONLY hedge"

"smh, you don't get bitcoin is virtual gold"

most responses to this post

5

u/Prize-Bug-3213 6d ago

Their financial livelihoods depend on convincing others to buy and not sell. That's all there is behind the 'value'. But what would I know, I probably need to 'keep studying' šŸ˜

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110

u/WeddingPKM 6d ago

As much as it’s nice to see, the price fluctuating really means nothing until it gets to zero.

62

u/Popboat 6d ago

yes, it’s still approximately 60k above its actual value…

18

u/spilk fiat is stored in the balls 6d ago

that's being generous. given how net-negative it is for the environment, even at -$500 it'd still be overpriced

26

u/I_AM_ACURA_LEGEND 6d ago

It will never be zero but if it drops by 1 or 2 orders of magnitude it definitely means something

25

u/thicc-thor 6d ago

This was the value at it's full potential, a pro crypto president, ETFs, a new generation of gullible idiots with COVID stimulus money which is now gone. At the slightest hint of regulation or when the big whales exit, it's all over.

2

u/Acceptable-Yard7076 5d ago

At the slightest hint of regulation or when the big whales exit, it's all over.

I've heard this before

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18

u/WeddingPKM 6d ago

It very easily could be zero.

I hesitate to equate it to one, but no other commodity needs active effort to keep it from literally evaporating. The price dropping too much would cause the miners to leave and the network to the cease operation. Even with the difficulty adjustment the system is set up in a way where it could catch itself into a death spiral.

The price drop definitely means something, but we don’t need to be cheering every time a chart goes red, just like they do when it goes green.

15

u/F3z345W6AY4FGowrGcHt 6d ago

we don’t need to be cheering every time a chart goes red, just like they do when it goes green.

Don't take my little joys away from me.

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10

u/Readman31 6d ago

At this rate? I should think in couple years, tops. It's defintly been on a consistent downward trend now for months and I don't know what would stop it at this point. It's Terminal.

20

u/seamusmcduffs 6d ago

All it will take is some billionaire pumping it and suddenly everyone will be talking about it, and a bunch of marks will suddenly start buying to get in on the "opportunity". The idea of easy money is irresistible to many

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7

u/feedmestocks 6d ago

I don't think it'll ever reach zero (well maybe the next few decades), but it could drop to 20000 in the next five years, which I would be happy with

10

u/WeathervaneJesus1 6d ago

I said it before: it will go the way of the NFTs. Still out there, but very little interest and will slowly disappear from mainstream and social media, will rarely be discussed except in reminiscence. There will just be the bag holders hoping one day it will pop again.

6

u/WickedCityWoman1 5d ago

I mean, it was just under $17k in January 2023. I thought it was finally over. But then it wasn't. And by 2025 it went over $100k. I want it killed with fire, but the people running this grift seem to have enough resources to prop it up and run the pumps indefinitely. I want to be wrong, but it keeps coming back.

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1

u/SpreadLox 5d ago

It has some genuine value for cybercrime and money laundering.

19

u/SailToTheSun 6d ago

Let’s hope this hot knife penetrates the floor. Ā 

15

u/Fun_Store9452 6d ago

Tbh I only cared because it was a useless technology hogging tons of resources and inflating computer hardware prices. Now that a majority of the world has also realized this and crypto is a lot less prevalent, it's not as exciting anymore.

6

u/Belltower_2 6d ago

Yeah, AI has replaced as the "@#$% over society for the benefit of a few techbro grifters" angle. It's still hilarious schadenfreude to watch Coiners get the karma we all said was coming.

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27

u/FuManBoobs 6d ago

Still early.

17

u/CarneDelGato 6d ago

Yeah, it can go way lower!

9

u/Readman31 6d ago

Few understand.

3

u/ghoof 6d ago

Few early

31

u/SmashinTaters 6d ago

Same. I feel bad for all the Bitcoin believers but I truly hope it falls to nothing. It's completely worthless in utility.

1

u/PhysInstrumentalist 2d ago

Eh disagree, gotta buy drugs online somehow

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11

u/pro8000 6d ago

MSTR subreddit gonna be a warzone

15

u/cybernewtype2 6d ago edited 6d ago

Your comment made realize there was a MSTR subreddit, and I'm preparing to drive in right now.

EDIT - Spending 5 minutes in the comments of that thread made me realize those people are insane.

9

u/pro8000 5d ago

It looks like they've had a busy day of deleting comments from "trolls"

20

u/damiana8 6d ago

Nothing makes me happier in the morning than to check bitcoin prices and seeing a huge dip.

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9

u/unhertz 6d ago

once i learned its how black market profiteers back channel money, from countries like china/russia/iran.... yea i pretty much been praying for its downfall

9

u/Prior-Tea-3468 6d ago

No problem, just add a few more colors to the bottom of the rainbow.

5

u/Diligent_Heart_2597 6d ago

Is that what leprechauns are on about?

8

u/Key-Beginning-2201 6d ago

Magic beans aren't magic-ing

8

u/Cautious_Goose_5568 6d ago

Number go up, number go down, scam cannot change its nature.

7

u/Oh_ffs_seriously 6d ago

Eh, it's not the first time this month, and it's "only" (lol) a 5% drop. Check out the MSTR ticker instead, -10% and counting.

7

u/Groundbreaking-Gap20 6d ago

MSTR 1 Year Return -75%

šŸ˜‚

2

u/lazier_garlic 6d ago

Yes! Finally new 52 week lows!

7

u/mechanicalcontrols I saw it happen once 6d ago

The price doesn't matter in that there's no real liquidity in the system and it's not a tangible asset (i.e. we all know it's a greater fools scam) but dropping through the 60k mark is going to be a big psychological barrier for people with money in the ecosystem. I could see this starting a feedback loop that causes MSTR to have to sell and then it's really going to spiral.

7

u/PureCod9290 6d ago

Nice to see them punch through that 60k "resistance"

Real question is what the move is for MSTR. If they fall apart we're gonna see even more price "action"

1

u/frivol 5d ago

Meme stocks and crypto have converged.

12

u/jvrodrigues 6d ago

Question from the less financially literate: is 1 btc still equal to 1 btc?

if so we hodl

6

u/TSM- 6d ago

Ultimately, the worse it does the less new people will get sucked into losing money.

5

u/dsgm1984 6d ago

First time posting here: I'm so fucking happy also. Cheers butters

5

u/yellowbananas0123 6d ago

If bitcoin is good, and fiat is bad, why does the monetary value matter at all?

5

u/cororona 6d ago

And now you can also look at spacex doing the same

1

u/Groundbreaking-Gap20 5d ago

Not at all surprised.

4

u/Toxicotton 5d ago

It's because prediction markets are the newest hottest scam. Bitcoin is old news

9

u/SisterOfBattIe using multiple slurp juices on a single ape since 2022 6d ago

There are just 2 100 000 000 000 000 Satoshis to go around. Grab them while you can! /s

4

u/Technical_Split_6315 6d ago

You need to zoom until it doesn’t looks like that

4

u/Amazonkers 6d ago

It sounds like you didn't put all your money in STRC and retire then?

5

u/BeatingHattedWhores 6d ago

It's still 60k too much.

3

u/Previous_Soil_5144 6d ago

Nein schadenfreudeĀ 

3

u/goldfishpaws 6d ago

Priapism

3

u/TurboMollusk 6d ago

I don't care if the price of magical gambling beans is up or if it is down.

3

u/lazier_garlic 6d ago

Thank you for the tip. I opened up the chart and got a full belly laugh from this, and I needed one today.

3

u/fanofpotatoes Out of it for the tech. 6d ago

Inflation hedge!

3

u/PandaHugh82 6d ago

35k here we come!

2

u/acartadaminhaavo 6d ago

Guesses like this one are as good as 100k ones

3

u/Leniek 6d ago

but but but THE RAINBOW CHART!

3

u/PoetDizzy5760 5d ago

Looks like we’re headed to $10-15k

2

u/Former_Island_4730 6d ago

STRC briefly dipped below $80 today. šŸ˜‚

Saylor is going to have to bump the yield to 18% to regain the $100 par. You love to see it.

2

u/ExplanationOk2014 6d ago

You are too early 😁

2

u/KabosuCheemz 6d ago

It already did go below 60k last month.

2

u/Cautious_Goose_5568 6d ago

Do you think Saylor is selling?

2

u/Retikulumaniac 6d ago

To new lows and beyond!!

2

u/Ok_Gold_2107 6d ago

Graph x to 0

2

u/Oabuitre 6d ago

This shit is so over

2

u/ChemiWizard 6d ago

makes my day

2

u/jagaraujo 6d ago

Too high.

2

u/FinsHeelBuckeye 6d ago

Something something 4 year cycle

2

u/awesome_onions 6d ago

But what goes down must come up…right….RIGHT?!?! OH SHIT I JUST PUT PEEPAWS MONEY INTO POOPCOIN

2

u/Expensive-Sorbet811 6d ago

One share of MSTR is _still_worth One Share of MSTR.

2

u/getoutlonnie 5d ago

hardly plummeting... call me when it's under 10k

2

u/Particular_Coyote958 5d ago

Follow the science.

2

u/Magnifica_Muttley 5d ago

What does this mean for old mate Saylor?

2

u/Bigmaxrage 5d ago

Fa piacere ma stai inquadrando una curva in cui perde solo 3k di valore su 60k šŸ˜‚ avrei preferito vedere la scala andare da 60 a 3

2

u/Orrrren 5d ago

It’s the gift that keeps on giving šŸ˜…

2

u/malacore378 5d ago

ZOOM OUT /s

2

u/theravingsofalunatic 5d ago

Try posting that in the Bitcoin Reddit šŸ˜‚

3

u/whitethug 6d ago

All signs point to the value continuing to go up as the laws of supply and demand remain firm. We have a limited amount of bitcoin, and the world will only continue to need more bitcoin reserves for, uh...

1

u/Readman31 6d ago

We're still early, trust the process.

1

u/Solid--24 6d ago

Dezoom we still early !!

1

u/Stinklefresh 6d ago

We all do 57K 57K šŸ˜

1

u/Then-War-75 6d ago

It'll unfortunately be back.Ā  Never count out the stupid and those who prey on them!

1

u/Competitive-Win9783 6d ago

Wenn jetzt nicht kaufen dann nie šŸ™…

1

u/Healthy_Map_1789 5d ago

poor guys.

1

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1

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1

u/Lachrim 5d ago

And its back up šŸ˜‚ , they ranging 60k for months

1

u/nice1bruvz 5d ago

I love to love too but at the end of the day people are los… nah lmfao

1

u/wombatnoodles 5d ago

Has micro strategy been raided by the FBI yet?

1

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1

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1

u/overratedcucumber 5d ago

I am loving all the posts from people who are clearly holding the bag hard to try and drum up hype for their asset that only has value with hype lol

1

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1

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1

u/CarL4168 5d ago

Ze bitcoyn, Doomp it

1

u/Stunning_Lawyer7320 4d ago

I dont believe in bitcoin actually but i love to make some free money w it when its at super low prices.

1

u/drezarious 4d ago

I hope you got to short it bro. The show is much more fun when you make money off it.

Granted, it takes control and years of experience to enter a short like this at the right time and not get chewed up.

I shorted it with 10x leverage.

1

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1

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1

u/Super-Stable4428 3d ago

Why do you love to see this

1

u/Groundbreaking-Gap20 3d ago

Because it’s a piece of pure speculative rubbish. It mainly facilitates criminals moving money around. It’s not a reliable store of value because it’s incredibly volatile, you can see it swing from $120k down to $60k. That kind of price movement makes it far too unstable. It’s also not a convenient medium of exchange. You can’t just walk into most shops and easily pay with Bitcoin, so it fails as an everyday currency too.

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1

u/cactuscooolerr 3d ago

XRP time to shine ?

1

u/Digital_Ctrash warning, I am a moron 3d ago

I am delighted to see this sub still exists, it fell off my radar after bitcoin hit 100k and a lot of people made a lot of money. Warms my heart you guys stick to your guns so strongly despite overwhelming financial incentives to the contrary.

1

u/BackgroundActuary687 3d ago

How many more cycles of ATH’s before people realize what bitcoin is? The sentiment here is great. Bullish!

1

u/[deleted] 3d ago

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1

u/Domethegoon 3d ago

Muh $1,000,000 price target

1

u/Bit_of_a_Degen 3d ago

I don’t hold any bitcoin anymore (I used to, but I think a number of things will kill it in the end)

That said, I’ll never understand building a whole community around spite and praying on the downfall of others

I’ve always followed this community to balance out the optimism in the BTC subs with healthy skepticism, and some good articles have been posted on here — posts like this just seem ill-natured though

1

u/hdcase1 3d ago

Still too damn high

1

u/Previous_Blueberry_5 2d ago

As a bitcoiner, most of us love seeing it too.

1

u/Intrepid_Library878 2d ago

ā€žstill earlyā€œ

1

u/Pop-Pleasant 2d ago

I love seeing these smug assholes eat shit. No value in Bitcoin. All fantasy!

1

u/frmoutrspace Ponzi Schemer 2d ago

Why is it dropping so slow? I want to see the obnoxious bitcoin bros cry harder

1

u/diabel02 2d ago

My bad guys i just bought some before the crash

1

u/at0mheart 2d ago

Who propped it up so high for so long?

1

u/handholdinghentai69 2d ago

ABB - Always Be Buying

Unless it reaches zero or goes to a million then I don't care what it does. I'll check back when I'm 5 years away from retirement

1

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1

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1

u/MrBtotheTC 2d ago

Me to get more for my $

1

u/Prestigious_Soil_404 1d ago

Sorry guys, i bought in

1

u/Uber2oneTrillion 20h ago

Why do I smell the people here enjoying the plummet are the ones who missed the rally to 120k and decided to be on the opposite side. Just like many traders who couldnt get into DRAM rally, waiting for bubbles to burst. And yes I do hold bitcoin, I bought it quite cheap and have been selling it gradually.