I've read about this epic moment in Bitcoin history, but for the first time I saw that video. Impressive! I have no doubts that all the bears will be slayed like this.  And if the bear feels bad now at 9K, imagine how bad it will feel at 100K.

coinbase - lol

Either the world's most pathehtic crash attempt or just a fatfinger 900BTC sell to $9600. Other exchanges didn't react. Someone may need one of those:

Now it's a perfect TA analysis - 100% accurate!

The longer we stay in this range 9600-9800 the better. Real investors don't want to take profits. This is evident by various markets statistics. As for the traders, we had several profit takings, or should I say stop losses. When they check the balance and see they left with 10% of their initial investment, they realize there is no point in another cut loss deal. That's why typically in a bull market, 1-2 months sideway movements with several 5-10% recoveries are followed by a 40-50% increase.

The only problem about 10K is that it is a psychological barrier. Many people just don't want to buy above 10K. It is too expensive, you know. Which always brings to my mind three young friends of mine which are IT specialists. They heard from me about Bitcoin in 2017, made their research and.... started trading eth and xrp in Binance. I warned them no to do this, but they didn't listen to me. This is descriptive about the trading skills of most traders, IMO. People who are tech savvy and think they are smart enough to make profits by trading. They don't understand that only 1% of the most experienced traders can make profits. Anyway, the increased demand like 40% per year vs 1.8% year inflation is a good premise for the next big bull run. I think we are at its very beginning. Surely, some nasty manipulators can delay it by several weeks or even months, but it is inevitable.

I don't know how glassnode counts only 30 million addresses, since only Coinbase has over 30 million customers (and blockchain over 40 million). I think glassnode counts wallets not addresses and thus each exchange with millions of users (which may not have other wallets) is counted as 1 wallet.

I don't know whether this was posted here before, but it is useful to see these estimations anyway:
https://www.buybitcoinworldwide.com/how-many-bitcoin-users/

~100 million
Number of Bitcoin Owners

~400,000
Number of Daily Bitcoin Users

~200 million
How Many Bitcoin Wallets Are There?

~53 million
Number of Bitcoin Traders

"Blockchain.com reported 31,914,414 users on January 1, 2019 and around 45 million on January 1, 2020. This is a 41% increase for the year. Interestingly, the total number of UTXO's (unspent Bitcoins) grew from 49 million on January 1, 2019 to 65 million a year later. This is an increase of 33%."

Are we still playing this old game - Sunday dump? I thought we switched to the new version - Sunday pump.

Recently: both USD to EUR and USD to Bitcoin - lolz.  I'm starting to think that Bitcoin going to a new ATH could be achieved soon just by holding parity with EUR. #escapethesystem #strongHats

Mnuchin: usd is not fake money and not used by criminals - lol

Bulgaria, my country for good or worse. The only thing which I am proud as bulgarian is that we saved our jews during the WW2 despite being allies with the germans. A country with 1340 years of history, always fighting with the giants for the right to exist. Currently, the poorest country in EU (I mean 10 times smaller salaries for the same prices of goods), with the worst corruption in all floors of the goverment, with high negative growth and with the highest mortality rate in the world! Luckily, the 3rd country in Europe with the lowest number of  covid-19 positive people from 1 million. We have several gold mines, but our country has extremely little profit from them. The reason - corrupted politicians who steal everything. Even if we were floating in oil or sitting above gold, the people would be still starving. For example, the former communists desguised as socialists drove the coutnry to a hyper-inflation in 1996, when the monthly salaries were equal to one bread.

Yes, several years ago an international criminal group was arrested with the aid of Interpol.  Rumors say that the goverment already sold their 200K bitcoins https://steemit.com/bitcoin/@j1v/200000-bitcoins-sold-recently-by-bulgarian-goverment. I am not sure about that, because seizure of computers does not mean they found the keys. The official report was that criminals operated with bitcoins and nothing more. I don't trust yellow papers and sites. The truth is that our police, government and judicary are extremely old fashioned. They can't even seize the money of phoney bankers and hazard bosses like Tsvetan Vassilev and Bojkov, who stole from the government several billions of euros. I watched every interview and I noticed that the word keys was never used. The explanations were that from the seized computers were made transactions of bitcoins. They were stupid enough to admit that nobody can get access to these bitcoins. Since I really doubt that the criminals wrote the keys on the desktop, my guess is that the bitcoins are really not in the possesion of the goverment. May be some day when the criminals are out of jail they will try to move them. But with Interpol and FBI monitoring their addresses, I think this will be nearly impossible task.

Happy BD and Cheers, dude! You are a legend!

Here goes my last merit. This is absolutely my situation. #todamars

Ok, my bad, I don't remember the rules honestly. In this case romneymoney has around 8 months to win. I would bet, however, on luckygenough56.

The first date is past, so romneymoney lost.

I really don't believe that stats from a website that is not quite functional yet. What does it mean: Unknown Mining Pool 1 Outflows? What about the known pools? And besides, the chart is wrongly interpreted: it is not outflow from 1 miner wallet, it is the total withdrawals from the pool. It is clear that the miners would sell more with the higher price but why should one miner dump the price by 10%? The price above 10K is desparately needed even for the last generation asics owners. They are even more concerned about the price than us the hodlers, trust me.

This is possible but not likely. He can buy in Bitstamp to raise the price and transfer quickly to Binance where the volume is really high and sell slowly at 10K without moving the price. The more likely scenario is this:
He buys, say 1000BTC, at Bitstamp while placing an even larger long position on Bitmex with some high leverage. On the next day he sells at Bitstamp while having a large short leverage position at Bitmex. Since Bitmex is unregulated he can manipulate the market until he's alive with no fear of being banned or sued. Unlike US derivative exchanges where CFTC investigates such manipulations and the criminals are put in jail. Moreover, the thing is that CFTC suspects the owners of Bitmex to do regularly these manipulations against their clients. But of course CFTC has no jurisdiction unless some USA citizens or institutions are involved. That's why it's been told many times here that without this cancer derivate exchange (and probably many other largely unregulated asian exchanges where KYC is a formality) Bitcoin price should have been much higher. The price should be above 100K by the end of 2021 but with such manipulations I'm not so sure it will be (much) above 20K by then. Again, until Bitmex cancer is cured, such 'crashes' like yesterday's or 12th March will appear from time to time. The cure is a strong bull market like in 2017 which may happen in 2021 but it may also be delayed to 2022 or even later. That's why it is a good thing to be mentally prepared to hold 3-4 years until the clouds are cleared. I am even determined to hold >10 years if needed to fulfil my selling plan. (And I believe by then I will not actually 'sell' for fiat but rather be able to buy real estate and everything directly with BTC.)

May be the same guy that pumped yesterday on Bitstamp to makes some profit on the unregulated Bitmex with fat long position, squeezing $125 mln shorts. It may be a different whale who squeezed $90 mln longs now, but who cares. The remaining traders are on a loss. They sold below 9.6K to buy above 10K and now to sell again at 9.5K. I really hope the way above 10K and beyond ATH to be cleared some day in the near future. Unitl then:

ouch!

I may not be MasterLuc, but this aged pretty well. Sorry for all those dumpsters that sold way below 9K. And of course, the poor mindrust. I hope he is not having a heart attack or something.   #stronghands #stronghats

Jesus Christ, 10K again! My hodlsleep will be sweet  

The largest outflows have been from:

Bitfinex (~133,000 BTC) -66.6%
BitMEX (~105,000 BTC) -35.6%
Huobi (~97,000 BTC) -24.6%
In particular, Bitfinex has seen the steepest decline, losing 66.6% of its total BTC balance since Black Thursday.


https://insights.glassnode.com/bitcoin-investors-exodus-from-major-exchanges-continues/