week still has 3 days left

Until the youth see the need, BTC pain will continue.

I am so tired of this shit. Can’t remember it being a worse time to be a bitcoiner since I have been in this space since 2017. Everything else at all time highs and bitcoin which is the asset that is supposed to protect our purchasing power is just down only. Everyone else with wealth to hold assets is getting rich and we are sitting here with our dicks in our hand looking like morons At least in past dumps there was a reason for the dump like shitcoin shops collapsing… Why are we dumping this time?

My conspiracy is that Iran was a bigger buyer and miner than we thought.

This one, meanwhile, was caused by a collapse of testicular fortitude.

Bottom is near…

But how does that explain price dumping? No longer have demand and buy pressure because they no longer have access to buy/mine bitcoin? If anything wouldn’t they want to buy/mine more bitcoin now?

Bunch of babies around here, worst time ever? Bitcoin is on fire sale and everyone is complaining, get it together guys, zoom out.

They likely can't mine at scale because of infrastructure damage, and much of their available energy and resources need to be diverted toward the war. Yes, Bitcoin can bypass financial sanctions, but that doesn't necessarily mean they're accumulating it. More likely, they're spending it as soon as they receive it. War doesn't allow nations to save, it forces them to spend. And when Bitcoin is sent to another country to get around transaction, who's to say those counterparties aren't immediately selling it? If those recipients are converting Bitcoin back into fiat, and there isn't enough buy-side demand to absorb the supply, the fiat price falls. In that scenario, the Bitcoin network continues functioning exactly as designed, but the market price still dumps because the marginal flow is overwhelmingly sell-side.

Makes sense Need more humble sats stackers and I don’t know where we are going to find them at this point