PlanB

In the chart you see at what price level each of the total 18.7M BTC was last moved.

So what happened in May? Weak hands sold ~1M BTC in May at $30k-35k .. which they bought in April at $55k-60k: a staggering ~$20B loss. The good news: these 1M #bitcoin are in strong hands now.

https://twitter.com/100trillionUSD/status/1396609082111504386

Good morning, WO OG! The recovery is underway and it seems pretty solid. The next 2 weeks will be critical.  

So far bears have failed to dump the price below 30K twice this week. Come on bears, is this all you've got?  

Well, the trend followers achieved another 10% loss, but apart from them nobody is selling. They don't even look at the depth charts, I even doubt that they know what a depth chart is  This dump is doomed to fail and we will be back above 50K in no time.

The good thing about the latest crash: The n00bs that thought there is a faster way to get richer with shitcoins now learned the lesson the hard way: Bitcoin will recover soon, while shitcoins will tank further. May be after 3-5 years some shitcoin will recover, but 99% chances are that your shitcoin won't. This is the newest harvest of shitbagholders. The same applies for the BTC/fiat trend followers. Let me tell your problem, morons. You value fiat way too much, so you prefer to sell screaming like little girls just to "save" 5% of your fiat. And then you are going to lose even that by trading shitcoins. The true BTC hodlers value BTC way more than fiat, so they will never sell everything. This is the biggest mistake one can do. The right question is what exactly you will achieve by selling the last 10% of your stash? If you plan to buy back lower will it matter so much? This is insanity! Some cunt here (I forgot his nick) boasted he sold everything at 50K. That means he bited his nails for 4 months while the price was at 60K+. Now he is gloating that the price is lower, but he is not buying back because he believes the price will fall to a certain number. This number will get lower and lower with the time in his greedy mind, until the price shoots up beyond 50K and that guy remains with the rusty pipe. And while we will celebrate 100K, 500K, 1mil, etc., he will slowly turn into the next mindurst, r0ach and proudhon. Nobody can bear such pain in the soul and remain sane.

Good morning WO! I see that we are 20%+ the bottom, which is a good sign. I think that what we've seen in the last week is not a logical part of the market dynamics. On the contrary, this was a heavily manipulated well coordinated dump using high leverage shorts on bitmex, aided by some unfortunate FUD like Moron's tweets and the chinese winnie the poohs fake news. We know that each time Bitcoin is rising, the chinese communists are reiterating for a millionth time the ban narrative in a desparate but doomed attempt to save the communist yuan. They are so desparate that they are creating millions of fake facebook accounts to advertise the digital yuan. It is quite fun for me to report any add as misleading each time I see it (10+ times per day).

So now the big quiestion is what will happen next. How far the derivate manipulations will go (including CME, which are more subtle, but still present)? I don't want to make assumptions in that direction, since this is only a matter of manipulations, not the real thing. Sooner or later the fiat liquidity will punish the leveraged shorts attempts and wipe out all bitcoins of their owners to 0. Even in 2017 after the 70% dump from the ATH there was a 2x recovery from 6K to 12K. But then most people thought that 20K was not a legit price because it stayed only a couple of days after some weird pump from 10K to 20K. And around 12K a huge amount of weak hodler bitcoins flooded the exchanges which made the price to tank further.

Now the situation is much different. Everyone saw that the price stayed around 60K for months, so it is quite doable and sustainable. The average Joe is still dreaming for a whole coin, so any price lower thatn 30K will be short lived. Moreover, if we look at the log chart with the two 2x parallel lines, we see that the bottom price at the end of 2021 is $25600 and in 2022 - $51200, which can happen only in a severe bear market! This is a contradiction, because it will mean that somewhere in between we will return into the bull market. Since this dump is short lived and not fueled by the weaker hodlers like in 2018, I think that the chances of returning to the bull market in the next few months, even weeks are bigger than in 2022. And that will resemble 2013 double top market. If it happens in 2021 the top price would be around 150-200K+. If it happens in 2022, it would be 300-400K+.

I guess we are in the bold part now. I really don't know why practically every big recovery which I've witnessed so far follows that patter. I guess the answer is the infinite pain of the trend followers losing their last satoshis. RIP morons. Strong hands as always - rejoice, the path to 100K and beyond is wide open!  

Some bitmex shittery again. I was scrolling twitter and bitmex signal showed up for 4 000 000 contracts sold. Then the price went to the sold point. It is pretty obvious that the price can't go up in the last few months because of these bitmex wankers. Hopefully they will be liquidated by some whale pretty soon.

Nothing dramatic has happened. Yes, the dip can be called a crash, but I don't think that it will have a negative impact on the bull market. I still think we are on the way to 100K this summer. Hopefully this dump is caused by  Moron Musk. He may be selling his coins on a loss now. I'm sure he feels no shame or guilt, since he is an aspburger imbecile. But we need to get rid of this cancer as soon as possible. Anyway, from my observations since 2017 any daily 30% crash is finished when there is a 25%+ recovery. In our case we need to get to 37.5K to be safe. And in several days something like a double bottom around 33K-35K will seal the end of the correction. And during the writing this has happened, so cheers, we are out and free to go up! I hope for no double bottom this time

Today's dump reminds me so much of 15 Jul 2017 dump to $1800, which was 38% correction from the previous ATH $29 000. But contrary to the expectations, the bull run didn't finish there. From the bottom the price went up to 19800 (which is 11x) in just 6 months. So, it is possible to make 11x from 38.5K in 6 monts. That would be 423K. I can live with that  

I just woke up to see we dipped to $40 300. I gotta confess that my plans for buying mining equipment failed (I blame UK covid variant for that), and I took the decision to take back 1.17BTC around $40 600. So now, I am better prepared for the next massive bull run. Thanks Moron Musk!   I already cashed out enough for my retirement, so cheers mates! My next sells will be in the 333K-600K area, some day, very soon I hope! And the newly mined coins I will perhaps sell around 120K, to be completely honest. With the current pace, I mine with a profit 6x than my monthly salary, so that would mean 18x at 120K. Life is good  

Edit. I see that the dip continues. I knew that it will dip below 40K but I wasn't sure for how long and will I have time to buy. Anyway, I expect a rebound coming soon. 25%+ recovery in one day or something.

In the past many arrogant people used Bitcoin to get rich and then turned against it with their own shitcoin. But all they could do is to influence the weak-minded and cause temporary dumps. Bitcoin survived all of this and like God punished severely those narcisist semi-humans with severe losses and bankruptcy. Now it is not different. The richest man in the world quickly turned against Bitcoin thinking he is so great, he can manipulate it forever. Guess what - Bitcoin is greater than this clown trying to promote a shitcoin that is not related to him and even the lame developer thinks he is not normal. Believe me, I have suffered a lot from an 'aspburger' fake  friend for many years. Those people are narcisit, self-absorbed, egotistical with no empathy, simpathy, self-humor and many other senses the normal people have. They look like humans, talk like humans, but are not humans. Such people think they are saviours of the world and at the same time if someone dies in front of their eyes, they will laugh and continue what they are doing with no feeling of pain or sympathy. Study Greta Thunberg's behaviour if you don't know such people. And finally, the worst thing is that they are the very definition of hypocrites. Doing always the opposite of what they are saying. So, the sooner this hypocrite billionaire gets out of his position in Bitcoin, the better. Honey badger doen't give a f..k and 100K+ will fall soon!

I laughed so hard at the last post of Musk. Now, he is officially gone full retard/imbecile. Paypal, seriously? With millions accounts blocked on the whim of the owners, is this the best example for a "good" centralized money transfer? Jesus Christ, save this imbecile from his own money! Let them burn to 0 with doggystyle. Too bad for his semi-idiotic projects, which are just a bit better than investing in sport.

It is the most logical thing to happen, but... The new SEC Chairman is a complete bafoon (although well informed about the blockchain technology). He is behaving like the previous Chairman with regulation and manipulation whinings. The first ETF they refused was around $900 price. The next $5000, then $10 000,..., $60 000. Let them refuse ETF up to 100K, 300K, etc. Honey badger doesn't give a f..k. But it will be ironic to allow an ETF when all institutions have positions in Bitcoin already and at prices above gold's.

My prediction: $81 777.

Reason: Of course this is a SOMA prediction. Anything can happen, even continuation of the falling wedge down to 40K area in the next month. But I feel that the next scenario is what WILL happen:

The last crash caused by Elon's tweet removed most of the hidden liquidity in terms of BTC's (i.e. not placed in the books), which belonged to the trend followers - the weakest hands. This finished a pattern known as a falling wedge inside a bull run, so we can expect an upward breakout in the next month. This time Bitcoin will fly past the 60K "resistance" like a knife through butter. The average Joes will be encouraged by this and will join the ride. May be around 82K there will be some 25% pullback (whales cashing out for villas and yachts), hence the number I've chosen. I expect 100K to be broken this summer. Like 150K+ top with a pullback to 120K. And by the end of the year 333K+.

P.S. And of course, thanks dude! You are an inspiration and a blessing to all of us!

I have a strong gut feeling that the next attempt to break the 60K resistance will be successful. For some 100K may look mind blowing, but not for me. A 6-7x from the last ATH in the next 6-7 months is what I'm preparing for.  It is completely doable, and honey badger did this so many times in the past years, that I feel obliged to think seriously about it. This is not a fake bulltard post, I just warn everyone including myself not to get caught in the 100K hysteria and expecting it as a top of this bull run. The decision of selling bitcoins is the most serious decision of our lives and we can't afford average Joes' beliefs to affect it in any way. I hope I have the guts to wait at least to 333K and not sell anything until then. Then I personally will have to sell some part for some life changing things, like moving to another country and starting a new life. The rest will remain in bitcoins for my eventual posterity.

P.S. I am used to dissapointments, so even if many more attempts to break the 60K are not successful in the next months and years, I will remain happy and waiting patiently to what I believe will happen some day.

I will mention Elon Musk for the last time in this post. I started doubting his sanity when he made very controvesrial statements about Covid-19. He quickly gained the title CovidIdiot. Later he admitted he has asperger disease. The same as the infamous Greta Thunberg. It seems they both share the same views regarding saving the planet. A few months ago, I started reading more about asperger syndrom and I discovered that a good, but a very annoying friend of mine has the same symptoms toghether with a bipolar disorder. He looks almost normal, but has some stubborn habits and is unable to understand sarcasm and how his behaviour hurts other people. At the same time he has both a poor working memory and ability to learn by heart hundreds of pages of his favourite novels. Go figure! So on the one hand he looks clever, but on the other is an imbecile. The same can be applied for Musk. His habits, naming of the child, delusions about covid, and now Bitcoin are completely expected from such a guy. He is complete n00b regarding blockchain and never tasted the bitterness of shitcoins going to 0 because of devs exit scam. What he can't understand is that the doggystyle shit may turn into an exit scam at any moment or at least suffer 95% crash. Then his battery car will be priced as a child's toy. And really, are bitcoin miners building plants on coals? Of course, no! So these plants will work regardless bitcoin. And besides miners prefer to use green energy which is cheaper in many regions. But the aspeger guy is an imbecile in some respects. You can't change him  

10,000 #Bitcoin just flowed out from Coinbase. We are one step closer yet again.

https://twitter.com/caprioleio/status/1392785852493963265

Speaking of accumulation, this is 2/3 of the 3 hours dump to 46K. It is easier to shake the weak hands than taking an icecream from a child these days