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💥💥💥 ‘Bitcoin Fixes This’: #Bitcoiners Take Aim at Berkshire Hathaway Amid Stock Glitch
Bitcoin enthusiasts had a laugh at Berkshire Hathaway CEO Warren Buffett on Monday after his company seemingly plummeted 99% in value.
At 9:49 am ET, Berkshire’s class A shares (BRK.A) nosedived from $621,000 to just $185, causing the New York Stock Exchange (NYSE) to temporarily halt trading. The dramatic drop was due to a technical glitch at the NYSE, affecting other major companies like the Bank of Montreal (BMO). The issue was resolved within a few hours, and BRK.A ended the day up 0.59%.
The massive red candle was ironic for Buffett, a Bitcoin critic who called crypto "rat poison squared" in 2018. Since then, BRK.A is up 114%, while Bitcoin has soared 600%. “Who’s the rat poison now, eh,” tweeted Blockstream CEO Adam Back.
Buffett’s late vice-chairman Charlie Munger was equally critical of crypto, calling Bitcoin a “stupid” and “evil” investment likely to “go to zero.”
“This is not a crypto rug pull; this is Berkshire Hathaway,” tweeted WallStreetBets. Many joked about Buffett’s temporary net worth wipeout and the brief investment opportunity. “Finally, I have a chance to acquire Warren Buffett,” quipped Tron founder Justin Sun.
“If you bought $500 of Berkshire Hathaway 10 minutes ago, it would now be worth over $2 million,” tweeted crypto meme account “greg” after the stock rebounded. “Let that sink in.”
Crypto exchange Kraken and whistleblower Edward Snowden highlighted that Bitcoin trading can’t be halted like BRK.A was. “Bitcoin fixes this,” Snowden tweeted.
While the Bitcoin network operates 24/7, centralized exchanges have frequently halted Bitcoin trading and withdrawals, sometimes indefinitely. Price glitches also occur, such as a BTC flash crash below $9,000 on #BitMEX two months ago.
Buffett didn’t address the sudden Berkshire crash, but meme accounts had a field day, putting words in his mouth reminiscent of previous crypto catastrophes.
Source - decrypt.co
#CryptoTrends2024 #BinanceSquareTalks
Bitcoin enthusiasts had a laugh at Berkshire Hathaway CEO Warren Buffett on Monday after his company seemingly plummeted 99% in value.
At 9:49 am ET, Berkshire’s class A shares (BRK.A) nosedived from $621,000 to just $185, causing the New York Stock Exchange (NYSE) to temporarily halt trading. The dramatic drop was due to a technical glitch at the NYSE, affecting other major companies like the Bank of Montreal (BMO). The issue was resolved within a few hours, and BRK.A ended the day up 0.59%.
The massive red candle was ironic for Buffett, a Bitcoin critic who called crypto "rat poison squared" in 2018. Since then, BRK.A is up 114%, while Bitcoin has soared 600%. “Who’s the rat poison now, eh,” tweeted Blockstream CEO Adam Back.
Buffett’s late vice-chairman Charlie Munger was equally critical of crypto, calling Bitcoin a “stupid” and “evil” investment likely to “go to zero.”
“This is not a crypto rug pull; this is Berkshire Hathaway,” tweeted WallStreetBets. Many joked about Buffett’s temporary net worth wipeout and the brief investment opportunity. “Finally, I have a chance to acquire Warren Buffett,” quipped Tron founder Justin Sun.
“If you bought $500 of Berkshire Hathaway 10 minutes ago, it would now be worth over $2 million,” tweeted crypto meme account “greg” after the stock rebounded. “Let that sink in.”
Crypto exchange Kraken and whistleblower Edward Snowden highlighted that Bitcoin trading can’t be halted like BRK.A was. “Bitcoin fixes this,” Snowden tweeted.
While the Bitcoin network operates 24/7, centralized exchanges have frequently halted Bitcoin trading and withdrawals, sometimes indefinitely. Price glitches also occur, such as a BTC flash crash below $9,000 on #BitMEX two months ago.
Buffett didn’t address the sudden Berkshire crash, but meme accounts had a field day, putting words in his mouth reminiscent of previous crypto catastrophes.
Source - decrypt.co
#CryptoTrends2024 #BinanceSquareTalks
One last nuke, then we enter the Anger - Depression phase, when market is not going up for some time.
2023 will be the year of market depression, sideways mostly.
#Bitcoiners #Binance $SOL #BTCUSDT #BUSD #BTC
2023 will be the year of market depression, sideways mostly.
#Bitcoiners #Binance $SOL #BTCUSDT #BUSD #BTC
Top Crypto Social Engagements According to LunarCrush
1- #Bitcoiners $BTC
2- #Ethereum $ETH
3- #Solana $SOL
4- #Dogecoin $DOGE
5- #AxieInfinity $AXS
6- #BinanceCoin $BNB
#bnbgreenfield
1- #Bitcoiners $BTC
2- #Ethereum $ETH
3- #Solana $SOL
4- #Dogecoin $DOGE
5- #AxieInfinity $AXS
6- #BinanceCoin $BNB
#bnbgreenfield
🔶️😇 👋 #Bitcoiners
#Bitcoin is a technology that will achieve monetary velocity not through debt, but through divisibility.
🙋♀️☢️
#Bitcoin is a technology that will achieve monetary velocity not through debt, but through divisibility.
🙋♀️☢️
European Union Limits Cash Purchases and Increases Scrutiny on Crypto Transactions
#Crypto #News #Bitcoiners
#Crypto #News #Bitcoiners
🔶️😇 GM #Bitcoiners
make the days count ✨️ talk to a no coiner and tell them about #bitcoin
we all had to start from somewhere
🙋♀️☢️
make the days count ✨️ talk to a no coiner and tell them about #bitcoin
we all had to start from somewhere
🙋♀️☢️
#Bitcoin Fighting at Resistance level.
What Next…?
#Crypto #Bitcoiners #Binance #BTCUSDT #Cryptosignal
What Next…?
#Crypto #Bitcoiners #Binance #BTCUSDT #Cryptosignal
TA: Bitcoin Dominance (BTC.D) Continues To Rise, Raising Concerns For Altcoin Performance
The Bitcoin dominance index (BTC.D) is demonstrating signs of strength and appears to be targeting the range resistance level at 48.4%.
Long term range
BTC.D has been confined within a trading range of 39% to 48.4% since May 2021, and the price has validated both the support and resistance levels of this range on several occasions.
Following a bounce back from the 39% region on September 9, 2022, BTC.D established a bullish structure and broke above the midpoint of the range. This indicates that it will likely continue to move towards the range resistance level at 48.4%. The weekly RSI supports this possibility, as it approaches the overbought zone and slopes upward.
BTC.D weekly chart. Source: TradingView
Breakout above strong resistance
Additionally, technical analysis from the daily chart reveals a similar bullish signal. Rates have been trading within an ascending parallel channel since September 9, which is a corrective pattern that typically leads to breakdowns. However, the price broke out above the channel and confirmed it as support afterwards, indicating an impulsive upward movement.
The price then surged and broke through the critical resistance area at 43.6%-44.7%, formed by horizontal resistance and the 0.5-0.618 Fib retracement resistance area. This move signals a 100% retracement, suggesting that the price will continue to rise up to 48.4%.
BTC.D daily chart. Source: TradingView
Overall, it is highly likely that BTC.D will continue its upward movement and rally to 48.4%. As BTC.D represents Bitcoin dominance over the cryptocurrency market, this could impact the performance of altcoins, which are likely to continue to underperform against Bitcoin.
#BTC #bitcoin #Bitcoiners #Binance #crypto2023
This article was republished from azcoinnews.com
Long term range
BTC.D has been confined within a trading range of 39% to 48.4% since May 2021, and the price has validated both the support and resistance levels of this range on several occasions.
Following a bounce back from the 39% region on September 9, 2022, BTC.D established a bullish structure and broke above the midpoint of the range. This indicates that it will likely continue to move towards the range resistance level at 48.4%. The weekly RSI supports this possibility, as it approaches the overbought zone and slopes upward.
BTC.D weekly chart. Source: TradingView
Breakout above strong resistance
Additionally, technical analysis from the daily chart reveals a similar bullish signal. Rates have been trading within an ascending parallel channel since September 9, which is a corrective pattern that typically leads to breakdowns. However, the price broke out above the channel and confirmed it as support afterwards, indicating an impulsive upward movement.
The price then surged and broke through the critical resistance area at 43.6%-44.7%, formed by horizontal resistance and the 0.5-0.618 Fib retracement resistance area. This move signals a 100% retracement, suggesting that the price will continue to rise up to 48.4%.
BTC.D daily chart. Source: TradingView
Overall, it is highly likely that BTC.D will continue its upward movement and rally to 48.4%. As BTC.D represents Bitcoin dominance over the cryptocurrency market, this could impact the performance of altcoins, which are likely to continue to underperform against Bitcoin.
#BTC #bitcoin #Bitcoiners #Binance #crypto2023
This article was republished from azcoinnews.com
How does #litecoin compare to say a project like $SOL ?
Well, Solana's price a year ago today was $39.75. Today Sol is trading at $23.60. Down 40% from its price a year ago, to the day.
Okay, maybe an anomaly? What about $MATIC
A year ago it traded at $0.87. Today, it's trading at $0.69. Down 20% from its price last year, to the day.
Price action after a halving is typically parabolic.
Thesis is, $BTC doesn't have a marketing team, founder doing rounds in the media etc.
It is the purest money on the face of the earth. It has a finite supply, and growing demand/adoption globally. It's mathematically sound.
The halving of a proof of work coin is a MAJOR price action catalyst that needs no explaining.
Trust the process, this time won't be any different for #Bitcoiners . 🤞
8 months to go. Time will tell!
Well, Solana's price a year ago today was $39.75. Today Sol is trading at $23.60. Down 40% from its price a year ago, to the day.
Okay, maybe an anomaly? What about $MATIC
A year ago it traded at $0.87. Today, it's trading at $0.69. Down 20% from its price last year, to the day.
Price action after a halving is typically parabolic.
Thesis is, $BTC doesn't have a marketing team, founder doing rounds in the media etc.
It is the purest money on the face of the earth. It has a finite supply, and growing demand/adoption globally. It's mathematically sound.
The halving of a proof of work coin is a MAJOR price action catalyst that needs no explaining.
Trust the process, this time won't be any different for #Bitcoiners . 🤞
8 months to go. Time will tell!
🔨 #Bitcoin #miners see a significant boost in earnings as #transaction fees reach a record-breaking $184 million in Q2 2023, surpassing the total from the previous year.
#crypto2023 $BTC #Bitcoiners
#crypto2023 $BTC #Bitcoiners
🥇TOP SIGNAL 🥇
GTC/USDT
#GTC is showing a strong bullish indication in its daily RSI as well as 3day RSI.
Entry Price- 1.33
1st TP 1.44
2nd TP1.56
©3rd TP - 1.68#
follow me for more signal #feedfeverchallenge #Bitcoiners #BTC #BNB
GTC/USDT
#GTC is showing a strong bullish indication in its daily RSI as well as 3day RSI.
Entry Price- 1.33
1st TP 1.44
2nd TP1.56
©3rd TP - 1.68#
follow me for more signal #feedfeverchallenge #Bitcoiners #BTC #BNB
📊 The #price surge in #bitcoin has propelled 77.6% of holders into profitable territory.
📈 Breaking the $30k mark, this represents the highest profitability level witnessed throughout the year, according to Into The Block.
$BTC #crypto2023 #Bitcoiners
📈 Breaking the $30k mark, this represents the highest profitability level witnessed throughout the year, according to Into The Block.
$BTC #crypto2023 #Bitcoiners
#Bitcoiners in #Argentina prepare to form the world's largest human #B
The human "B" will be seen from the air and send a message to the world about Bitcoin.
#BTC #bitcoin
The human "B" will be seen from the air and send a message to the world about Bitcoin.
#BTC #bitcoin
BREAKING: #MicroStrategy has acquired an additional 12,333 $BTC for ~$347.0 million at an average price of $28,136 per #BTC
#crypto2023 #bitcoin #Bitcoiners
#crypto2023 #bitcoin #Bitcoiners
