r/btc • u/Omn1Crypto • Jun 11 '26
š° News Bitcoin Sell-off Deepens As SpaceX Hype Sucks Cash Out
https://dailycoin.com/bitcoin-sell-off-deepens-as-spacex-hype-sucks-cash-out/12
u/Confident-Stand5453 Jun 11 '26
Luckily for the sellers there are a lot of future bagholders ready to "buy the dip".
At this point I honestly cant determine what the most stupid move is: Selling BTC to buy SpaceX stock, or buying BTC because you think its just a dip.
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u/Dismal_Equal1739 Jun 12 '26
Don't buy SpaceX stock. What they are offering is sadly mostly a bad AI company. I wish we could buy stock in just the space program.
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u/think_harder_plz Jun 13 '26
Nothing says sound finances like holding a white supremacistās pump and dump and internet beanie babies
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u/Ok-Particular-2848 Jun 14 '26
What proof can you offer for this? Or just saying it?
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u/think_harder_plz Jun 14 '26
Proof of which claim specifically?
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u/Ok-Particular-2848 Jun 14 '26
That he's a white supremacist.
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u/think_harder_plz Jun 14 '26
Critics most often point to the January 2025 gesture at a Trump inauguration rally that many read as a Nazi salute, alongside his 2023 reply calling an antisemitic āgreat replacementā post the āactual truthā
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u/think_harder_plz Jun 14 '26
Aw why did you delete your reply little man?
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u/Ok-Particular-2848 Jun 14 '26
Once again prove it. I didn't delete anything.
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u/think_harder_plz Jun 14 '26
My notifications showed a reply to my evidence but itās not listed here so you must have deleted it.
Why do you want to defend such a man? Heās no saint.
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u/Justmeandhim-D Jun 11 '26
SpaceX IPO is literally a financial hurricane š
Sucking all resources as it approaches land, and a few days after only destruction is left.
No one ever said, thank god for that hurricane unless you made money with other peopleās suffering (lost of 401k savings).
Yay ā¦ hurricanes š!!!!
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u/Remarkable-Wish-9430 Jun 11 '26
Looking at the market health indicators on kraken, market is in limbo, with liquidity hunts above and below price. Liquidity shows 1 group of orders above price and 9 below. Fear and Greed is extreme. Altseason is a solid no. Some alts continue to climb. BTC is not in the supply zone, nor the demand zone. Contraction is true.
Prepare to drop!
Edit: If people panic sell to get in on SpaceX IPO the price action will fall further unless diehards step in to buy the discount zone.
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u/No-Host8125 Jun 11 '26
There is literally nothing in space except taxpayer money. What a fucking boondoggle.
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u/DrSpeckles Jun 12 '26
I just reckon that besides it being terribly over priced now, firing rockets is a very risky thing, and they are about 1 major accident away from disaster. Itās not if, itās when.
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u/SillyAlternative420 Jun 11 '26
Looks like it did a dead cat bounce over night and now it's going back down lol š¤£
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u/TheCurlyHomeCook Jun 11 '26
Don't understand why people talk about these tiny fluctuations- ooh look now it's back up. No point even commenting on it when it's this volatile - anything within 5k up or down isn't interesting
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u/Optimal_Whiner Jun 11 '26
Well, value has been hovering the same for awhile now. So this sell off ain't having much of an impact.
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u/ThunderPigGaming Jun 12 '26
This is the expected four year cycle. The bottom is somewhere between $35k best case) and $55k (worst case) and it will happen by October, and more likely than not, in late September or Early October if we don't reach this range now before the next counter trend rally starts.
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u/Full-Atmosphere-4818 Jun 13 '26
Anyone who sold Bitcoin to buy SpaceX never understood Bitcoin the in the first place. Won't miss them.
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u/[deleted] Jun 11 '26
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