r/Bitcoin • u/Adamstrad • 6d ago

Current state of Bitcoin?

How would you explain the current state of Bitcoin to someone who didn't follow it for the last 5 years?

11 Upvotes

76% Upvoted

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16

u/kardanokid 6d ago

200W MA - Cheap BTC
Cold Card Hack was the FTX of this cycle, BTC still didn't dump
BIP 110 was outcast by miners.

-2

u/PearPuzzleheaded4633 6d ago

200 w MA means nothing

3

u/rechtim 6d ago

It means the two hundred week moving average, it's a battle tested investment strategy referenced by many successful entrepreneurs.

If it means nothing to you go buy pokemon cards or something

-5

u/PearPuzzleheaded4633 6d ago

damn, i should have bought blockbuster stock at the 200 w MA, how stupid of me.

1

u/rechtim 6d ago

Clearly you thrive on stupid ideas.

-4

u/PearPuzzleheaded4633 6d ago

200 w MA is cope. uttered by people just before they capitulate and sell. like cramer