I think we need more consolidation in the 8k area now, than we had in 2017.

It would not be a problem if it go sidelines for some days.

These are addresses, not wallets. This article is misleading.

You cant track wallets.

The problem is Bitmex. Even if a bearwhale sell for 6k, and price recovers back to 7k, he will have profit from gambling with derivatives.

We were expecting a 30% drop for a correction.

It happened, but it lasted for only some minutes, which confirms we are still in a bull market.

The bears got out of their cave and are parading in the streets, drunk and screaming victory. Funny.

Cost-average is the best solution for that. If you buy small quantities periodically, the loss on correction is covered by previous acquisitions.

Yes, but this halvening-centric model is very conservative.

We need to consider the institutional money, and the acceleration it would bring. Jbreher posted about a $133k target in march 2020, I cant find his post right now.

This chart shows we are not going below 6k anymore.

The expansion phase looks like a mini-bull market, and the reaccumulation is sidelined.

The whales do swaps between bitcoin and the major altcoins, that is, ethereum, litecoin, dash, monero and ripple. From these they do swaps with the other altcoins, and from these back to bitcoin.

The swaps are probably timed between the whales. In altcoin markets is very common to have pump and dump groups, which are very restricted (those from discord are scams). The money these groups make on the altcoin markets flows back to bitcoin, increasing its price while the alts go down. Then they repeat the process.

This can only work in bull markets, as in bear markets they would need to sell leased coins, or deal with derivatives, and only a few exchanges allows that.

Thats why Im not a fanatical maximalist. Although I only hold bitcoin and a few litecoin, Im not going to dismiss the altcoins for their use.

WTF this picture cant be real.

Warren Buffet is a "legend" to the fiat overlords, and as such, they will advertise him as a "guru" to cuck investors which are the majority in the stock markets.

Nothing of what he says have any weight with me. He is the owner of Walmart which is a network of shops in the US that pays low wages. Only cuckolds will hold him as a role model.

Actually I call anyone who is against crypto, but is into stocks and bonds, as a cuckold investor. The cuckolatry for Wall Street is strong, so the fiat overlords dont need to do too much advertising for their "gurus", the "guru" only need to open his mouth and his religious followers will praise him as a sect master dispensing wisdom.

In my country its very popular the category of state treasure bonds, where the cuck invest heavily in his own torturers. The money is locked in the fund, and the cuck can only take it back after some 5-10 years. Its like the cattle praising the butcher, very bizarre to see.

You found one possible value for bitcoin, if its adopted as currency.

Two days is not enough to say its "unable to breach".

Thats the problem with these shorters: they want bitcoin to rise very quick, so that they can cash out their profits in fiat as soon as possible.

Bitcoin is doing fine. The 8k level is stable. If it stays there for at least two weeks, the price can go easily to 10k.

I believe some whales are doing swaps with Ripple.

Nothing to worry about. Soon the money returns to Bitcoin.

Veja que o bitcoin está valendo 33 mil reais. Se você vender um bitcoin inteiro numa exchange brasileira, terá que pagar 15% de imposto sobre 3 mil, ou seja, terá que preencher uma DARF no valor de 450 reais e pagar no banco. Além disso, terá que fazer uma declaração de RF, mesmo que esteja desempregado e não tenha renda alguma.

Agora, se você manter o fiat na exchange por uma semana, tiver uma queda de 10%, e você recomprar o bitcoin por 29,7 mil reais, enquanto embolsa os 3,3 mil restantes, a exchange vai reportar uma movimentação de 62,7 mil reais, e você terá que pagar 15% de imposto sobre 32,7 mil reais, o que dá 4,9 mil reais. Ou seja, o Estado vai tomar os 3,3 mil que você está sacando, e você ainda vai dever 1,6 mil reais de imposto.

Gostou? Não esqueça de votar nas próximas eleições.

 

Looking at the price right now, Im starting to doubt we will see a correction at 8k. It looks like its trying to break 8k in a upwards swing. If it breaks we could easily be at 10k in a matter of hours.

If OTC is lacking sellers, institutions can only buy in the exchanges, which is one more reason to go up.

Better r0ach start buying bitcoin now, so he can have all the gold he want in the future.