The recent decline in Bitcoin’s value, reaching its lowest point since Donald Trump took office, has generated significant interest and concern among investors and the general public alike. This substantial drop, as reported by BBC, likely contributed to an increase in search queries related to the Bitcoin price as individuals sought to understand the reasons behind the decline and assess the implications for their investments.
Additionally, news regarding Bitcoin’s treasury strategy revealing a staggering $12.4 billion loss in the fourth quarter has amplified concerns within the cryptocurrency market. Although the source indicates that Michael Saylor reassured investors not to panic, such a significant loss raises questions about the stability of Bitcoin and its future trajectory. This situation has likely driven many to seek out the latest information and analysis, resulting in a surge of searches focused on the current price of Bitcoin.
The combination of these two news signals—a dramatic drop in value and substantial financial losses within a major Bitcoin strategy—has created a climate of uncertainty. Consequently, many individuals are turning to search engines to find real-time updates and expert insights regarding the Bitcoin price, fueling the high volume of searches.
Watch the Moment
Internet Reacts
G
Honestly it’s pretty crazy to see .42 BTC for 28k.
E
Wait till it goes lower.
H
Be careful though. I was waiting for it to hit 13k. Ended up pulling the plug and going in at 30K, when I could’ve had 16k for weeks.
A
I’ve noticed this pattern. You have plenty of time to buy when it’s in the doldrums. I’m waiting until it gets boring to buy back in. Buy when it’s boring, sell when it’s exciting.
S
I wouldn’t be surprised it it hits between 40k-60K
M
i’m aiming for 45k, might go lower, but for me 45k is enough to buy 1 or 2.
G
Purchased too @ 69 420 for 0.42 BTC. 42 is a sign, 69 & 420 for the lol haha. I know too it can go lower (And I think it will, perhaps even in the 30k zone) but we’ll see ! (Sold previously @ 122k 😂)
U
I was thinking about doing a limit order like this lmao
G
I did, I preferred not to go watch it live 😂 With the money made when I sold … I try to pump guys lol
M
This is absolutely bonkers
N
I got some of the $15k last cycle and why I just turn off the prices. still up 500% or so from that buy. I have a good job so until I don’t I’m not even looking at the prices as this is just a retirement account.
U
Conviction helps, but price levels have a way of humbling people short term. Bitcoin can move far past what feels reasonable in either direction, even with a solid long term view. As long as the position size fits your risk tolerance, the noise matters less. Curious how you think about downside if the market tests patience first.
V
It’s what I can see. Even if it got crashed I still have hope and it’s just a small amount if invested as of now. I alreday hold near to 4 BTC in exodus which I bought back in 2022.
G
You have 4BTC sitting in a hot wallet…? That is literally insane. May I suggest moving that to cold storage before you get hacked and lose everything? Especially if you’re going to broadcast what you have and your lack of security on places like reddit..
V
Ya. Glad some one said it. I know the risk ,but just kept it there.
J
That’s wild, why tho? Do you connect it to defi sites like Thor swap or garden finance?
V
Didn’t connected to any of one. But I’m planning to transfer it to cold storage.
J
That’s the best idea and try to keep it low, people will see you as a target if you give all this info. “The five dollar wrench attack” is still the most useful. Keep your BTC safe! And keep yourself safe!
B
Don’t plan Just do.
C
Not OP, I usually DCA biweekly but now I bought ~$5k worth lump I have a steady income and also a long enough horizon that I don’t care about short term swings
P
Lmao pulled 53k out of your arse
H
Anytime I see anybody try use mental gymnastics and astrological signs to speculate the price of any Crypto makes me shake my head. Crypto does what it wants to do when it wants to do it. By all means, buy it, but it’s gambling and that’s it.
R
Seriously, in the past couple months on this sub I think I’ve read it’s not going below $100k or 90k or 80k or 70k and then some additional excuses as to why it did. I guess the guy who said the bottom will be 61 or 62k still has a shot at being right.
R
Could you please explain what exactly it means when people say crypto does what crypto wants. Would that not be applicable to any asset such as stocks? Isn’t it all a matter of market supply and demand? Am I missing something?
G
He is also pulling that out of his arse.
R
I’ve seen so many people say this, but can someone make it make sense?
S
imo it just means it can go up down, sideways whatever and no one knows, also I just remembered wolf of wall street by saying this
R
“It’s fairy dust. It’s not on the fucking elemental chart.”
L
* [Mark Hanna](https://www.imdb.com/name/nm0000190/?ref_=ttch_qu): Number one rule of Wall Street. Nobody – and I don’t care if you’re Warren Buffet or if you’re Jimmy Buffet – nobody knows if a stock is going to go up, down, sideways or in circles. You know what a fugazi is? * [Jordan Belfort](https://www.imdb.com/name/nm0000138/?ref_=ttch_qu): Fugayzi, it’s a fake. * [Mark Hanna](https://www.imdb.com/name/nm0000190/?ref_=ttch_qu): Fugayzi, fugazi. It’s a whazy. It’s a woozie. It’s fairy dust. It doesn’t exist. It’s never landed. It is no matter. It’s not on the elemental chart. It’s not fucking real.
L
Most stocks (except meme stocks like Tesla game stop etc) are based on the fundamentals of a company. How much money it makes and how much money its expected to make based on economic trends. It’s somewhat possible retrospectively to make sense of stock price moves. Crypto is weird, it’s just people speculating on it, it doesn’t have intrinsic value besides what other people think of it so you are trying to predict a global hive mind . There are also shadowy big players that can move the market in nefarious ways. No one can say even retrospectively why crypto does what it does month to month . There are plenty of story’s but none of them hold up. The idea that someone knows it won’t go Below a certain number is laughable. No body knows what it will do
D
I’ll try.. crypto, hate it or love it, is 80% held in the hands of about 7to10 people. It doesn’t do anything unless it’s dictated. Imagine that 80 percent of a product is controlled making it scarce. Think of a certain diamond consortium. Now you can control the price. Issue a bunch and the price goes down, control the flow and pricing goes up. Sell a bunch, but not massively as the product tops you depress the price while accumulating wealth. Buy back, what you sold, as the price crashes to half you suddenly tighten the market before any other people can react. Now the price bounces back up and you have everything you started with plus other people’s money. Now, why turn an investment into something that reacts like a human? Why humanize the market or crypto? Because it’s an excuse for being manipulated. If people say that the markets have a mind then they remove the consequences of their loss of money and control. The market moves on specifics but random occurrence is a better excuse for loss than outright ignorance. So it’s basically self protection from the obvious fact that they were manipulated into loss. It’s the whim of the market.
Q
Stocks entitle the owner to a share of the company’s future profits and/or sale price if it gets bought. So the price of a stock should represent the market’s best guess of the (risk weighted) net present value of all future profits – this is why when companies beat market expectations of earnings, their shares tend to go up, and when they don’t beat their shares tend to go down – the market changes the price as estimates of future earnints change. This means that stocks have some inherent value – if the value of a stock goes too low because of some irrationality in the market, such that it is valued below the net present value of future earnings, rational investors will buy it because they can expect to make a profit from those earnings, regardless of the market price. Bitcoin, on the other hand, represents a claim against nothing except the future price of bitcoin. A bitcoin will never generate earnings – the only way to make money on bitcoin is to sell it for more than you bought it for. So the price is entirely dictated by how many people want to own it, which could change at any time. It is a collectible, not a stake against some future cash flow.
L
Crypto has no earnings reports. We are at the whims of the whales and the wind.
S
Crypto does what the whales want it to do
H
It is market supply and demand, but for stocks the demand is at least based on something. Microsoft saying that half of their future cloud business is AI crap makes investors wary, so the stock drops. Meanwhile, crypto just goes up and down for the dumbest reasons. Global tension? Crypto drops. Why? Wtf does global tension have to do with crypto? Then you get articles saying that they expect Bitcoin to go to X dollars by the end of the year. Cool, what’s that based on? AI created sentences that makes it seem someone knows what they are talking about when all of that is made up. Companies hold stockholder meetings and discuss financials and what the future holds. You can figure out the demand of a stock based on the direction of the company. Now do crypto, what are people basing their estimates on?
D
You’re not missing anything. Whenever there is uncertainty, it will go down like everything else. I attributed this downward trend to the announcement of the new fed lackey. No one knows exactly what he’s going to do, so that created uncertainty. I’m no expert and don’t claim to be. That is just what I observed.
K
It does what market makers want. Crypto is not human but rather controlled by a couple humans who use stories, algorithms, fear and greed to take your money much like a slot machine. House always wins type shit bruh
M
He has been manipulated so much by the pump and dump bots out there to be deep into this get rich quick scheme fantasy, the user actually wholeheartedly believes crypto has some sort of intrinsic value above 0. In this explicit case, the value he has arbitrarily assigned is 53k USD.
T
this post looks like it was written by AI lmao
O
Maybe a joke because jim kramer said it won’t fall under 73k
S
The last major downturn lasted ~400 days and retraced 75% from the highs, this new downtrend from the high is only ~130 days in, and there’s plenty of downside remaining, patience.
F
Which major downward trend took 400 days? Nevermind, got it
S
From early November 2021 to late December 2022.
F
Yea, thanks, binance chart skipped some months for some reason
D
Giant balls. Beautiful giant diamond balls.
V
Bitcoin balls
G
Satoshi pubes.
B
i agree i dont see it breaching 53,146.19 lol
S
So that is where you set your limit order. Haha
D
should have waited another week and you’d have 1 entire bitcoin
Additional Sources:
BBC – Bitcoin falls to lowest value since Trump took office
dlnews.com – Bitcoin treasury Strategy posts $12.4b Q4 loss but Saylor tells investors not to panic
