Detailed word for a n00b like myself please thx
And don’t be to toxic, have read WO’s can get a bit when we DIP
+1 WOsMerit
puhleeeeease Goose...dont make me laugh
a noob...no...just no..you graduated long ago my friend
as for as toxicity...well...no comment
as for prognostication and voodoo charts...its amazing simple imho, and you already know what to do....hodl muthafuka
On a serious note...with a woeful lack of irreverence imo... what I actually think is that we might see some consolidation(read dip) over the next month or two but come Q3 and Q4 and well into '22 the Bull will continue to be dominant
I general like to steer away from specifics and focus more on the general trend...it suits my personal time frames as far as accumulation and distribution goes...
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-snipped-
Satoshi is gone for good. If he wanted to cash out, he'd have cashed out already. If he wanted to reassure the world that those coins are gone, he'd burn them by moving them to some known black hole address.
Nooooooo! Satoshi would not spam the UTXO set.
PSA: Never use burn addresses! They are bad for Bitcoin, bad for nodes, bad for scalability. If you want to destroy bitcoins, place them in the amount field of an
OP_RETURN output. That is unspendable, according to consensus rules; thus, the output is pruned from the UTXO set. Auditors of Bitcoin’s supply typically also subtract
OP_RETURN amounts from Bitcoin’s supply cap.
The UTXO set size is one of Bitcoin’s biggest scalability issues
(so to speak). Please don’t make it worse by polluting the UTXO set with bloat that nodes will need to track forever and forever. Be environmentally responsible!
See how
I irrevocably destroyed one satoshi in a sane and responsible way (
txid 000000000fdf0c61...).
Nulli..I like this post
+1 WOsMerit
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Apart from TA, on-chain analysts suggest this is the bottom as well, such as CryptoQuant, Glassnode and Willy Woo.
We might not have seen the absolute bottom yet, but I bet this price below $50,000 is going to be short lived.
And just to add to all of this good TA...
If we take the TA out of the equation and just go by sentiment alone:
1. Average Joe public participation is still low, and overall volume extremely low.
2. Didn't see anything "parabolic" happen with Bitcoin. There was no blow-off top moment.
3. If the Coinbase IPO was the big "sell on the news" moment, then it was the absolute lamest moment in Bitcoin's entire trading history. Everyone knew it was coming months prior.
4. Whale traders in bear markets plan on short/dumping for a least 24-30 months straight after a top (unless we have a double top within the same year). I can't even fathom this happening right now with all the bullish announcements still to come.
So I think anyone selling it all rn is going to be woefully out of position and sad over the next 6-12 months.
+1 WOsMerit