9.3% of bitcoin issuance last quarter was absorbed by @cashapp
 users

Ron Paul is predicting a major economic crash and as host Naomi pointed out; we are no longer at the stage where we can make a lot of money but the stage where we need to protect what we have.

    “It’s not easy, hopefully the crypto market is going to help. Protecting wealth has traditionally been done by owning ‘stuff’. People will want to get out of the dollar and buy assets such as property. Some people, if they’re comfortable with it, will be buying cryptocurrencies,”

It's interesting, I hadn't seen it like that ..




Referring to:




Source: https://twitter.com/888Velvet/status/1189029370381426690

The 50/100 Week moving average is due to cross going into December. I could see us ranging into the existing channel until we get to the end of the year when this narrative picks up and we start moving towards the upside once again. There will be 6 months to go before the halving and the narrative will no doubt gain momentum as we go towards it.
As you can see, this cross has happened before the previous halving and was accompanied by a huge kick to the upside. I continue to maintain that we will see a move towards all-time highs faster than we saw in previous halving, due to better information out in the market place such as the Stock to flow model and because we already know that Litecoin moved earlier than in previous cycles when it had its halving.

“In the U.S., and other countries around the world, it is just a matter of time before we see massive disruption,’’ Tobias Adrian, the director of the IMF’s monetary and capital markets department said in an interview. “There is at least the potential that new technology might lead to a new global payment system fairly rapidly.”

2012 halving reduced the new supply by $302,400 per week.

2016 halving reduced the new supply by $8,190,000 per week.

2020 halving will reduce the new supply by $63,000,000 per week.

Making the next #Bitcoin halving the most dramatic yet.

Fidelity Digital Asset Services is rolling out its custody and trading platform to all qualified clients, after initially expecting it to launch in March.

“Fidelity started adding clients in the first quarter and is now engaged in a full rollout of its custody and trading services for digital assets — a boon to what is a fragmented and complicated industry, Ms Johnson told the FT in a rare interview.”

That face when you want to buy more corn, but have a weekend getaway planned with your partner, to Napa Valley, for Harvest Season festivities.

 

 Oh yeah, if anyone is in Napa this weekend, don't come looking for a tall, well-dressed black man, and a sporty-looking ginger.

On-chain data can show us how long someone has been holding their Bitcoin before selling

Based on ASOL, the avg coin had been held less than 30 days during the price dip

= the sell off wasn't from long term holders selling their stack

Source @glassnode


https://studio.glassnode.com/metrics?a=BTC&

Cheat sheet map of where we are in this bull market according to on-chain metrics. We're closing up the opening act of the bull market, and awaiting the middle bull market to commence.

fillippone with a valiant effort, but no cigar.

Moar:



Bonus clue: later in the day, within a couple hundred meters of the first:

Bitcoin mining difficulty has been growing 42% PER QUARTER over the last 3 years!

Difficulty is projected to grow 60% this quarter, and it was already at an all-time high when Q2 ended