This is why we Bitcoin. Coinmetrics released a series of charts showing the rolling drawdown from respective shitcoin highs compared to Bitcoin from 2010 to 2020.
There are very few exceptions - and most of the lauded crapcoins are significantly under water.

I hate being right on the downside. We've breached my prior target of 8800 in 24 hours, so I must move my target lower.
Just so you understand the bigger picture, here's a Monthly chart with a large triangle I've been looking at, attached below.
This means to me that my worst case is a lower target of 7000. Its my theory we oscillate in this pattern until after the halving. So, a bit of a roller coaster ahead, I'm afraid.

Even though I don't like Jack Dorsey, this comment made me laugh.

Too funny, Bitmex trolls The Times with a Bitcoin Anniversary message that contains the hash of the genesis block:

@402PaymentRequired If you liked that, you'll love "Balanced Trader" - its a combo of Parabolic Trav and Richard Heart. It makes me laugh every damn time I see it:

Some people have to do things the hard way. This amused me.

update - his Bitmex account is frozen, so this trade is mostly theoretical at this point. Tone is looking for lower action (see chart) to an approx target of ~4270 based on a chart pattern. Interesting that he's aligned with my prior thinking on magnitude. His protective buy stop would be at 5750. Watching it progress.

One further post on - mining it right now is a losing proposition. It should be interesting to see how far into the red is willing to go to protect their BCH bags. Check out this quick spreadsheet. Its even worse now, with Bitcoin over 2 times more profitable to mine:

When someone asks you, "What is a shitcoin" just show them this chart:

"Don't worry guys, I'm just going to redirect your hashpower at a coin I want to mine."

Some more shennanigans. Big transfers to wallets prior to the fork. Is preparing his mega-dump? Here's an image purporting to outline the wallet in question. A total of 590k BCH has moved. Fun times 😎

To all the Twitter people, here's the chart of what you've enabled. Being monetized and turning it into profit is why Dorsey loves people who won't embrace alternatives. Feel proud of yourself? Stop being a product and use

Oh, if anyone thought that wasn't a biased front - here's the proof. Senior software engineer at Coinbase is an active contributor to

Outside of their orchestrated and miner-colluded "stress tests", here's a view of the transaction highway --

@Tulipan81 Points out that Antpool is mining more empty blocks than anyone. 6th column from the left in Green. is a snake.

Every time I think has hit a new low, he breaks out the shovel and keeps on digging. Look at this intentionally misleading garbage. If anyone wants to know why Bitcoiners detest Ver, this is exactly why. is being pumped by an outright liar and scammer.

The bottom is in. If you recall, they top-ticked perfectly with a "BUY" recco. 😎

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