https://news.bitcoin.com/bitcoin-whales-grow-after-price-bottoms-analyst-says-coins-are-moving-to-very-strong-holders/...According to onchain statistics, bitcoin whales with a balance of more than 1,000 bitcoin are growing and the recent BTC price drop helped bolster the metric. A few days before the drop to the $28k zone, BTC prices were coasting along between $35k to 38k in USD value. The drop to $28,800 per bitcoin on Thursday, was the lowest price drop so far this year. But the dip did not last very long and Glassnode stats show that the number of addresses with more than 1,000 bitcoin has increased significantly...
...“Suddenly there’s a whole bunch of newly minted whales…. holders of 1000BTC / $32m of BTC. I’m seeing more whales coming in on this dip,”...
...Coins are moving off the market to very strong holders, the ones that keep accumulating without selling... To all HODLers: Cheers!  To all sellers: Sorry! 
|
|
|
|
Good morning Bitcoinland. Sideways 'r' us... currently $31967USD/$40728CAD (Bitcoinaverage). The winter (N. hemisphere) doldrums. Blah. Looks like it could be good food but what horrible presentation. They could have spread it out to fill the plate, separating the different foods and arranging them by shape and color. Instead they just dumped it all in a heap in the middle of the plate. So careless, so lazy. Reminds me of "Nouvelle" cuisine. What a scam that was. Cheaper ingredients, lazier preparation, smaller portions, higher price, no care in presentation. Total ripoff. Still, despite the presentation, the food looks it's probably delicious. |
|
|
|
Still on track, not scaling the peaks but solidly in the range we need.
Not bad for a "bear market".  |
|
|
|
Shouldn't that be the middle finger/toe? |
|
|
|
https://www.coindesk.com/institutions-buy-bitcoin-dips-price-volatility...the total bitcoin transactions on the network remains high, according to data from South-Korea based blockchain analytics firm CryptoQuant. However, the ratio of bitcoin transfers involving all exchanges to all bitcoins transfers network-wide has not gone up, indicating that most transactions were done through over-the-counter (OTC) deals, a preferred approach by institutional investors...
...“Only 7% of network transactions are used for exchange deposits and withdrawals,” Ki Young Jun, chief executive at CryptoQuant, said, adding that “93% of transactions in the Bitcoin network is used for non-exchange transactions like OTC deals.”...
...This “buying-the-dip” behavior by institutions such as MicroStrategy isn’t something new. A fourth-quarter market report from OKEx Insights, the research arm of crypto derivatives exchange OKEx, shows that institutional investors did not take “the-wait-and-see” approach when prices were experiencing high volatility last year...
...The recent price volatility is due to “over-leveraged” speculative traders and retail investors who found themselves “weak-handed,” according to OKEx Insights Senior Editor Adam James...
...“There is little reason to assume institutional interest in the bitcoin space will suddenly disappear in 2021,” James said, noting MicroStrategy’s new bitcoin purchase and BlackRock’s interest in bitcoin futures. “Because institutional investors tend to have longer time frames in mind when investing, they are unlikely to be phased by January’s price decrease and potentially happy to make investments at lower prices.” OTC trades... buy the dip... don't be weak-handed... longer time frames... Seems the institutional professionals think the same way we WOers do. The rich get richer and the poor get altcoins poorer.
|
|
|
|
Good morning Bitcoinland. Still stuck in the $3xxxx range... currently $30000USD/$41002CAD (Bitcoinaverage). Ho hum. I see Craig Wright aka Faketoshi once again made the news. This time for suing bitcoin.org for hosting the white paper. What an idiot. Another failed attempt by Faketoshi to steal bitcoin.   |
|
|
|
Still in top 20.
Barely. C'mon Bitcoin, time to move up. |
|
|
|
I don't know why people are killing bitcoin and the whole industry every couple of days or after every 10% dip.
Because they're noobs who don't know any better. |
|
|
|
Yes, but they may have also sold just to lock in some profits, not because of a false believe in a double spend. Don’t assume to quickly.
They sold at the bottom to lock in profits? I don't think so. They were spooked by something they didn't understand. Let the name Nextech go next to Mindrust on the no-coiner sell-at-the-bottom wall of shame. |
|
|
|
People hating on Biden over bitcoin are dumb brainwashed.
ftfy |
|
|
|
|
Good morning Bitcoinland.
Still bouncing along in the $3xxxx range... currently $32021USD/$40420CAD (Bitcoinaverage).
The buying opportunity continues.
|
|
|
|
|
Good morning Bitcoinland.
Still bouncing along in sideways consolidation in the $3xxxx range... currently $34988USD/$44425CAD (Bitcoinaverage).
The longer this goes on, the higher we go when it breaks.
Go Bitcoin go.
|
|
|
|
Hello there,
I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?
Thank you!
$15k-$16k? IMO that's unrealistic wishful thinking. If you really want to "cash" your BTC, you're probably better to wait for $100k. Even then you may see it doubling or tripling before it crashes appreciably. |
|
|
|
 Only works in the day Also, I don't know why, but I can't manage to get it to work indoors, even with the windows open! obviously the solar panel and battery need replacing; theyre worn out. its a bitch to replace though. Maybe you just need to turn the gnomon to wind it up. |
|
|
|
Gut is telling me we're going to see a massive pump above $50k within 72 hours.
Hope I'm wrong.
Hope you're right.  |
|
|
|
Good morning Bitcoinland. Still consolidating sideways in the $3xxxx range, painting a fine pennant... currently $37108USD/$47250CAD (Bitcoinaverage). Finally got my cash yesterday and bought about a fifth of a coin. Managed to get it near yesterday's bottom at around $35.5k including fee. I still hate banks though. the use of the term "crypto" is one of the reasons why "crypto" is such a scammy shitshow. "crypto" is an invalid categorization which implies shitcoins belong in the same category as bitcoin.....
only bitcoin is a fair protocol that is not owned by any individual, company, state or other entity. it is owned by its users.....
either "cryptocurrency" is a valid category and only bitcoin is in it or crypto means outright scam and bitcoin does not belong in it.
Amen. It's also like men versus animals. Yes, technically we're animals, not vegetables nor minerals. Still, there must be some distinction between mankind and wild animals. Don't call me an animal. Can you make calls, play games, or check Bitcoin prices with it?
I'm not 100% in favor for this watch but still I do love traditional watches more over sports watches or apple watches or whatever ... I wasn't referring to sports or Crapple watches. I was referring to the need for watches at all. Cellphones are pretty much de rigeur in today's world and every cellphone tells you the time, updated regularly. The only use I see for wristwatches is for decoration and I don't wear jewelry or tattoos. |
|
|
|
nice, but what time is it? Can you make calls, play games, or check Bitcoin prices with it? |
|
|
|
Gotta love it when
A thousand dollar jump up
Raises no comments
Back in 2013 when Bitcoin was worth $37, a $1 rise or fall didn't raise any eyebrows. Same thing. Yup, that's the point I was making - how far we've come. And as Arcmetal pointed out, when bitcoins are worth $370k each, $10k up or down will seem like nothing. |
|
|
|
Good morning Bitcoinland. Still bouncing along in the mid-$3xxxx range... currently $37120USD/$47433CAD (Bitcoinaverage). Only 2 hours and before my bank opens and I can get my cash. If only today's little rise could have waited a few hours longer. Did I mention that I hate banks? Gotta love it when
A thousand dollar jump up
Raises no comments
Back in 2013 when Bitcoin was worth $37, a $1 rise or fall didn't raise any eyebrows. Same thing. |
|
|
|
|
Show Posts
