Good morning WO! The "battle" for 60K continues, but not for long. Short-sighted daily traders don't realize what is going on and sell their last 0.0001BTC what was left from their initial 0.01BTC. However, the bigger picture is quite good with all the big investors in play. And the liquidity crisis is getting even deeper. The BTC reserve on exchanges continues its descent which started a year ago. Currently the decrease is between 25% and 33% on the various exchanges. And this is a lot! In 2 years there won't be any Bitcoins left on the exchanges, if this trend is kept. In the last 24 hours only, for example, the total reserve decreased with nearly 100K BTCs (-4% for the day). And on the biggest USA exchange it hit another low with a -10K BTCs for the day. And this happens almost every day. This is the opposite to what happened in 2017, meaning that we are at the beginning of the real mass adoption which establishes Bitcoin as the best performing asset in all times worldwide.
This! I am keeping a close eye on the on-chain analysis and also news regarding ETFs, corporate involvement, etc. Things are looking real bright right now and when this dam breaks it will break big. Could be in the next few days, if not, it won't be too long. An ETF is right around the corner, many people will (I think) plow their 401ks etc into an ETF. I've been waiting to do that for years now, just wish I could invest directly, but local laws suck. |
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Judging from the shitcoin market and the consolidation at these high levels in bitcoin for some time now, I think that we have less than 2 or 3 days before bitcoin breaks out out in a major way to the upside. I wouldn't be surprised if it happens today.
However, I've also seen before that when shitcoins go full stupid like they are right now the whole market collapses first, then bitcoin takes off, shitcoins don't. Time will tell. But one thing is certain is that shitcoins will always be shit and bitcoin will always be king. Long live the king and hodl!
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Or is that Bob's 60k sell he was talking about
That wasn't me. Not selling any more until after we break ground. Figure another couple months of corn appreciating will be worth the wait. I know I've gone back and forth on when to take some more profits, and can't really justify another sale unless it's for principled reasons at $75k, or we need more liquidity after we burn through all the fiat I've set aside for the project, already. Likely to just HODL for the next quarter, unless $75k creeps up on us sooner. A wise decision if you're not pressed for time, you'll get your sale in the 70s or higher. Once it breaks through 60 handle convincingly we'll probably be in the 70s in less than 2 days from the breakout. |
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Badger is toying with 60k again.
And immediately a $6m sell wall appears. Only after it went down from the pump though, that 6mil will probably be pulled if it goes back up. Or is that Bob's 60k sell he was talking about A third if it got eaten in nibbles. Started at 100 coins nibbled down to 70. Did the trick... slowed down the rally. Ah, missed that bit then. |
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Badger is toying with 60k again.
And immediately a $6m sell wall appears. Only after it went down from the pump though, that 6mil will probably be pulled if it goes back up. Or is that Bob's 60k sell he was talking about |
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Yeah looks like popped the 60k cherry at last. May be setting up for a run tomorrow.
The next 24 hours are critical.
Little may happen, holiday weekend is going to mean significant reduced volume, we will see though. Easter pump to 70k would be nice. |
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This high 50s area is getting tedious. And no Bitcoin, I don't want you to go down to break the tedium. Pump! damn it!
We should be mid 60s right now.
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Did she actually ever do something for Amazon or was she indeed just "an investor"? It reminds me of the Eddie Murphy Raw skit of a wife making a dollar and then wanting half of $50 million in a divorce. Fuck that shit. The girlfriend I have now wants a prenup because she knows I will never go along with ridiculous 50% figures if we were to marry and then divorce. Yeah, she did do a lot to get Amazon where it is today. In fact, she is actually a co-founder and absolutely deserves her share of the fortune. Wiki gives a good summary: In 1993, Scott and Bezos were married, and in 1994, they both left D. E. Shaw, moved to Seattle, and started Amazon. Scott was one of Amazon's first employees, and was heavily involved in Amazon's early days, working on the company's name, business plan, accounts and shipping early orders.[5][9] She also negotiated the company's first freight contract.[9] When Amazon began to succeed,[when?] Scott took a less involved role in the business, preferring to focus on her family and literary career. |
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Damn it, how to I get them to be upside down again.  |
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I'm thinking we are in a down channel on the 2hr chart, with what looks like support some where around the 49 mark, but would be down at around the 47 mark within a few days, which is what the on chain analysis guys are saying is the support level.
Good thing about down channels is they almost always break to the upside and after which there is a nice long rally.
BTFD
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I would like add that anytime is a buying opportunity, its just that dips are a good one because they can help you buy at lower prices and get more out of your money, I mean you will wait for a dip and no one will know that it is the until it has happened so the only way is to get in instead of waiting because the dip that you might've been waiting for never arrived and the prices just goes up continuously.
$52k is a good buying opportunity I and some of my friends have taken that opportunity, we have no regret it could go down further, or go up eventually tomorrow or the next day but we have high hopes that the 6 digit many experts are predicting are going to happen this year, it's part of this year's milestone, so buy with confidence when the price is dipping. Not going to say those experts are wrong, but your time horizon should be longer then end of this year. BTC is about holding for multiple years, do that and you'll be wealthly beyond your dreams. |
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Eek. If my line is right... we are in for some rough waters...
Share your lines, damnit! Scroll to the up  you're resistance is incorrect, we never went through it. Price currently at support line. On chain analysis however says that solid support is at at 47k level. |
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Jesus those of you in the US session are a bunch of scardy girly man. What's with all the selling all the time?
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Totally off-topic: I've recently discovered the following YouTube channel: Soft White UnderbellySome very powerful interviews there, from people on the fringes of society. Well worth checking out. Excellent, thank you. I will be watching some of these with my children.
Make sure to watch this one: https://youtu.be/g6igTJXcqvo?t=1471In fact, all of us should.
Can we have some fucking volatility please, this is rather boring. Go BTC go! That one is mandatory for sure |
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lmao that looks like a fucking lie  Those things are always lies |
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Totally off-topic: I've recently discovered the following YouTube channel: Soft White UnderbellySome very powerful interviews there, from people on the fringes of society. Well worth checking out. Thank you for posting that. I will be watching some of these with my children. |
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To all those concerned that they have told too many people about their Bitcoin ownership, fearnot. In 5-10 years time everyone will own Bitcoin, so you will no longer stand out from the crowd and instead will be mostly forgotten in the noise. Just give it time.
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bit of a fat finger or somthing on bitstamp. I missed seeing it live but chart looks interesting.
 It looks like some guy market bought by mistake 150 BTC, then realizing his 'mistake' he market sold incurring a loss of appr. $300K.  And that's in essence how the daily trading works  Looks exactly like that, pretty odd. |
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bit of a fat finger or somthing on bitstamp. I missed seeing it live but chart looks interesting.
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The biggest question is at what price will Microstrategy and Tesla dump their bitcoins Dump? into what exactly? USD? In case no one has been following the whole point of their purchases was to get out of USD. Why would they hold USD in their tresuaries, that particular shitcoin is being devalued at a rate that exceeds most other shitcoins out there. And being that companies can get USD for essentially free these days via debt that is backed by the FED, why they bother selling any assets for USD. |
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