Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[JayJuanGee]

A game...PlanB suggests that btc will be at around $288K somewhere between 2020 and 2024, maybe more later, but let's focus on the $288K number.
Considering that it WOULD happen, what would be the $$ amount that you might accept right now for, say, 20% of your btc without the ability to re-buy btc or other crypto again until at least 2 years later (this condition is needed for an obvious reason):
a. 30K
b. 60K
c. 100K
d. 150K
e. 288K (that would be unrealistic, but, whatever)

My choice:
c. 100K

For me, there seems to be something wrong with your hypothetical because the only limitation is that I cannot reinvest into bitcoin or other crypto for 2 years, and therefore I am locked into not buying any more of my BTC holdings for 2 years (April 27, 2022), and if I take the deal, I can shave off 20% immediately and put into dollars.  So, I have 80% left.

And, sure, you are trying to test our resolution and conviction in regards to our belief of the stock to flow model, but I suppose part of the unrealistic aspect is that your scenario guarantees that $288k is happening somewhere between now and 2024, but since I am surely overinvested into bitcoin, anyhow, I don't mind getting an immediate and guaranteed return, now, even at the lowest level of the options - the $30k.  

So, I am thinking that the flaw of the hypothetical dilemma (inspite of the seemingly guarantee of $288k in less than 5 years.. with any exact time frame) is that there are likely a lot of other people who would be willing to get the immediate return on their BTC at even a lower price because of the guaranteed immediate return...

Jesus that lowest option is about 3.9x return on 20% of my BTC holdings, and immediately, and I am only locked into my sale for 2 years.  I am willing to do that even the lowest amount that you provided, so I think that the dilemma that you present is not very compelling because people will chose lower amounts, and your choice of $100k just seems pie in the sky greed, or lacking in really grappling with the hypothetical that you presented.

Don't get me wrong because if there is an immediate and guaranteed return of 3.9x, then I cannot see rational for NOT shaving off 20%.  I don't need higher returns, especially when guaranteed in such hypothetical.

Also, don't get me wrong about my eagerness to sell BTC because even though my regular BTC selling scenario sells bitcoin all the way up, it takes the BTC price to rise all the way up to $584k before my formula seems to have sold 20% of my BTC from my current stash, so even under my current projection of my BTC sell scenario, I don't reach those high of a percentage levels of BTC sales until $584k.

a. $30K     - 5.52%
b. $60K     - 8.75%
c. $100K     - 11.42%
d. $150K     - 13.3%
e. $288K      - 16.6%
f. $584K      - 20%

**  By the way, you (Biodom) caused me to create a new % column in my Excel spreadsheet that shows my already existing BTC/fiat projections.  That new % column seems to be a helpful thought experiment to project my current holdings and my future projections. On a fairly regular basis, once a month or sometimes more, I update those projections based on my actual BTC/fiat holdings and sometimes just trying to make the projections more realistically attached to what has been happening or what I expect to happen.  The projections of my BTC/fiat holdings plan continues to be completely incremental and does not have lump sum expectations within the projections, yet it does not stop me from employing a a lump sum change amount at any time, if I believe that the terms of employing such lump sum are agreeable (or seemingly favorable to the circumstances), whether the circumstances had come from a quick rise in the BTC price or to deal with some kind of hypothetical presentation, such as the one that you just presented, Biodom.

So maybe there is something wrong with me?  I have no problem taking 20% off right away at $30k with a guaranteed 3.9x return from today's BTC prices (of $7,700), and then I have to tweak my otherwise BTC selling plan because if I shaved off 20% with an immediate 3.9x returns, I surely would not feel like selling more BTC until the BTC price were to go up to $50k or higher... with the stipulation that I would not be able to buy any BTC back until at least April 27, 2022 or later....

My thinking with this hypothetical remains that a bird in hand is better than two in the bush, and gosh immediate 3.9x returns seems like a great deal, even given the imposed restrictions that you provide - and probably a lot of that is due to my already feeling that I am more than overinvested in BTC... but I don't have any plans to sell BIG chunks, but if I am given an immediate return, I am willing to shave some off.  

Am I getting something wrong with the hypothetical, Biodom?

[1714192658]

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[kellrobinson]

PlanB adjusted his prediction higher.
https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12


A few weeks ago Stephan Livera interviewed Nick the statistician who did the cointegration analysis.  They talk about the rubber band effect.
https://stephanlivera.com/episode/154/    Nick's website:  https://btconometrics.com/
One end of a rubber band is stuck to the model and the other end of the rubber band is attached to the price.
When the model shoots from a little less than $10k to about $100k at at the coming halving, the rubber band will be stretched tight.
This will apply an upward force to bitcoin's price, which has inertia.  The price will respond slowly at first, gradually picking up speed.
At least that's how I see it.  At the 2016 halving it took many months for the boom to gather momentum.  And eventually of course it gathered a lot of speed and price overshot the model.
Maybe something like it will happen again.

[bitebits]

I think the main difference between you and the plebs JJG, is having more than one bitcoin. New bitcoin collectors need the price of a bitcoin to be much higher to make any big consumerist dreams come true (a fancy car, bigger house).

There will likely be selling pressure between $10k and $25k of people wanting to get out or having a large stash and need to diversify. Beyond that there might be a big vacuum: high new demand but little supply.

[VB1001]

If you own 10 bitcoin you are literally a billionaire.

Few understand this.

https://twitter.com/pierre_rochard/status/1254553080319877120

[Biodom]

A game...PlanB suggests that btc will be at around $288K somewhere between 2020 and 2024, maybe more later, but let's focus on the $288K number.
Considering that it WOULD happen, what would be the $$ amount that you might accept right now for, say, 20% of your btc without the ability to re-buy btc or other crypto again until at least 2 years later (this condition is needed for an obvious reason):
a. 30K
b. 60K
c. 100K
d. 150K
e. 288K (that would be unrealistic, but, whatever)

My choice:
c. 100K

For me, there seems to be something wrong with your hypothetical because the only limitation is that I cannot reinvest into bitcoin or other crypto for 2 years, and therefore I am locked into not buying any more of my BTC holdings for 2 years (April 27, 2022), and if I take the deal, I can shave off 20% immediately and put into dollars.  So, I have 80% left.

And, sure, you are trying to test our resolution and conviction in regards to our belief of the stock to flow model, but I suppose part of the unrealistic aspect is that your scenario guarantees that $288k is happening somewhere between now and 2024, but since I am surely overinvested into bitcoin, anyhow, I don't mind getting an immediate and guaranteed return, now, even at the lowest level of the options - the $30k.  

So, I am thinking that the flaw of the hypothetical dilemma (inspite of the seemingly guarantee of $288k in less than 5 years.. with any exact time frame) is that there are likely a lot of other people who would be willing to get the immediate return on their BTC at even a lower price because of the guaranteed immediate return...

Jesus that lowest option is about 3.9x return on 20% of my BTC holdings, and immediately, and I am only locked into my sale for 2 years.  I am willing to do that even the lowest amount that you provided, so I think that the dilemma that you present is not very compelling because people will chose lower amounts, and your choice of $100k just seems pie in the sky greed, or lacking in really grappling with the hypothetical that you presented.

Don't get me wrong because if there is an immediate and guaranteed return of 3.9x, then I cannot see rational for NOT shaving off 20%.  I don't need higher returns, especially when guaranteed in such hypothetical.

Also, don't get me wrong about my eagerness to sell BTC because even though my regular BTC selling scenario sells bitcoin all the way up, it takes the BTC price to rise all the way up to $584k before my formula seems to have sold 20% of my BTC from my current stash, so even under my current projection of my BTC sell scenario, I don't reach those high of a percentage levels of BTC sales until $584k.

a. $30K     - 5.52%
b. $60K     - 8.75%
c. $100K     - 11.42%
d. $150K     - 13.3%
e. $288K      - 16.6%
f. $584K      - 20%

**  By the way, you (Biodom) caused me to create a new % column in my Excel spreadsheet that shows my already existing BTC/fiat projections.  That new % column seems to be a helpful thought experiment to project my current holdings and my future projections. On a fairly regular basis, once a month or sometimes more, I update those projections based on my actual BTC/fiat holdings and sometimes just trying to make the projections more realistically attached to what has been happening or what I expect to happen.  The projections of my BTC/fiat holdings plan continues to be completely incremental and does not have lump sum expectations within the projections, yet it does not stop me from employing a a lump sum change amount at any time, if I believe that the terms of employing such lump sum are agreeable (or seemingly favorable to the circumstances), whether the circumstances had come from a quick rise in the BTC price or to deal with some kind of hypothetical presentation, such as the one that you just presented, Biodom.

So maybe there is something wrong with me?  I have no problem taking 20% off right away at $30k with a guaranteed 3.9x return from today's BTC prices (of $7,700), and then I have to tweak my otherwise BTC selling plan because if I shaved off 20% with an immediate 3.9x returns, I surely would not feel like selling more BTC until the BTC price were to go up to $50k or higher... with the stipulation that I would not be able to buy any BTC back until at least April 27, 2022 or later....

My thinking with this hypothetical remains that a bird in hand is better than two in the bush, and gosh immediate 3.9x returns seems like a great deal, even given the imposed restrictions that you provide - and probably a lot of that is due to my already feeling that I am more than overinvested in BTC... but I don't have any plans to sell BIG chunks, but if I am given an immediate return, I am willing to shave some off.  

Am I getting something wrong with the hypothetical, Biodom?

Nothing wrong or right, I just suggested a game of hypotheticals.
I sometimes run these scenarios (if ->then), mostly for amusement, but I appreciate your analysis.
So far there were only two takers, though  

[JayJuanGee]

I think the main difference between you and the plebs JJG,

Hahahaha

I am a pleb.

is having more than one bitcoin.

O.k.  Presuming that I might possibly have more than one bitcoin, that one bitcoin is a good goal, and remember how long it had taken Mindrust to get to 2 digits?   I am not going to suggest that I am better off than him or worse of than him.. at least where he was at.  He was proud of reaching 10BTC and then either the same day or the next day, he sold everything..... Fuck.

So, yeah, depending on when we got in, we would probably create goals for ourselves, and if we are trying to be realistic, we don't overdo it, but at a certain point, we might be able to relax... kind of.. not completely, but kind of relax.

Who the hell can completely relax with such an ongoingly volatile asset that is likely NOT going to stop being volatile, and maybe there is some amount of comfort that almost every other investment has become volatile, too, in recent times, causing bitcoin to seem kind of normal... even though it is NOT normal and bitcoin continues to have way more upside volatility potential than many other investments, even though currently, it seems that there has been a lot of enthusiasm for gold, in recent times, so sure, gold might be able to outperform other assets, but that might not be asking for much, and getting a hold of physical gold or even selling it might be a nightmare, but maybe the goldbugs know how to maneuver those gold buying/selling circles.. maybe they do?  Maybe?  But there seems to be strangeness in liquidity and how you get it, sell it, and even if you have it, is anyone going to trust the purity of what you have?

New bitcoin collectors need the price of a bitcoin to be much higher to make any big consumerist dreams come true (a fancy car, bigger house).

If any of us were a new bitcoiner and just getting past our 1 bitcoin and it could take a while to reach double digits, even though double digits might not even be necessary.

Each of us just needs to work within our budget, and don't try to rush things too much.  The great upside potential of bitcoin, might inspire some folks to feel as if they need to overinvest into it, but the fact of the matter is that the asymmetric bet nature of bitcoin likely means that you do not really need to overinvest in order to still be able to compliment any quasi-diversified investing portfolio that you might have established.

Part of the reason that I proclaim to have become overinvested in BTC is because I largely reached my investment allocation target into BTC in late 2014; however, the value of my investment was bouncing between 35% and 60% of the dollar value that I had put into it, so in other words, I was then ongoingly between 40% and 65% in the red... So I continued to invest my available fiat value into BTC, which caused me to go over my authorized allocation, and then even though the BTC price went shooting up, starting in late 2015, I rethought my whole allocation situation, and my plans to cash out on the way up, and I conscientiously decided to meter down my selling on the way up plan.  I figured that I did not have to sell as much on the way up in order to still be fine with the whole risk allocation both psychologically and financially.

So, largely I have retained that perception of my own somewhat "overinvestment" status, which continues to cause me NO real preoccupation with shaving off some BTC here and there along the way, as needed  (maybe similar to a Jimbo perspective - even though Jimbo had been in one more up cycle than me, which probably contributes to causing him to be even less emotionally attached than me in regards to any need that might cause him to shave off a bit more BTC here or there).

There will likely be selling pressure between $10k and $25k of people wanting to get out or having a large stash and need to diversify. Beyond that there might be a big vacuum: high new demand but little supply.

Seems really difficult to know, but I think that if we get into the $17,500 area, there is likely to be some inability to stop the UP for a little bit of time, once getting past that area.. but there could be some severe corrections before getting above that, and sure we have to get back above $10k and even above $13,880... so we should NOT be engaged in attempting to count too many chickens before they are hatched, yet I still get the feeling that a lot of intermediary newbies will be wanting lock in some profits in the price area that you suggested - but in the end, who the fuck cares about those overly anxious profit takers anyhow, because they are always talking BIG talk like they are getting out and making a killing on their BTC, and the same thing happened between $500 and $2,500 in 2016 and 2017, and so all the anxious to make profits in those price zones have not come back.  I mean, are we going back between $500 and $2,500 so some of those overly anxious profit taking folks can buy some of their prematurely sold BTC back?  Does not seem too likely.
 
Don't get me wrong, I am NOT saying that it is a problem that there was a lot of profit taking between $500 and $2,500 and I am also not saying that it was not prudent to shave off some profits through that price zone, just for insurance of not knowing if the BTC price is going to continue to go up, but problems develop when selling too much BTC too soon rather than the fact that they shaved off some profits along the way.

Similar is going to be true in the $10k to $25k zone, as you pointed out.  

Surely, I don't see any problem with shaving off reasonable amounts, even though the BTC price is likely going to go past $25k and not really come back down.. but no problem shave a bit off a bit of profits along the way, but at the same time, it is going to be the better practice to NOT shave off so much as to NOT be prepared for UP, which is the more likely direction, even though it is going to seem unreasonable and outrageous, but there will need to be ongoing needs to prepare for up in that $10k to $25k price zone, even if we might get some pretty BIG scares in that time frame, just like we had the hardforking and related bullshit death of bitcoin scares in the $500 to $2,500 price arena in 2016 and 2017...

Remember breaking through $500 in May 2016, and then the August 2016 Bitfinex "hack" of nearly 120k BTC that so many folks considered to be a likely exchange exit scam and causing additional downward price pressures on BTC - that in the end, did not last more than a few months into October and November, and likely tricked a lot of folks out of their BTC..

Pour one out for Roach who is still (to the extent that fictional character still exists) obsessed about bitfinex(tether) causing the inevitable downfall of BTC.. and no one hardly even remembers bitfinex dominance or tether fud.. that still comes up from time to time but no one really knows what the fuck they are talking about... and why folks like Roach remain so bitter (again presuming the fictional character still exists).

But don't worry there are going to be equal or greater FUD incidents in this next round.   .. and what is the more likely scenario, prepare for plan B's stock to flow playing out without putting too many eggs in that one basket.. yeah, nothing is 100% or maybe not even much greater than 60%, but still... pee pare ur lil selfies for up (not referring to you specifically, bitebits), even if skimming a bit of profits off of your profitable BTC along our upcoming journey .

[serveria.com]

O.k.  Presuming that I might possibly have more than one bitcoin, that one bitcoin is a good goal, and remember how long it had taken Mindrust to get to 2 digits?   I am not going to suggest that I am better off than him or worse of than him.. at least where he was at.  He was proud of reaching 10BTC and then either the same day or the next day, he sold everything..... Fuck.

I'll say it again: poor Mindrust. One day he'll become popular like that bitcoin pizza guy by showing up on TV and telling his story of how he sold the bottom at ~$3800? Anyway, his story is just another hodling fuel for me. Sell now regret it later. 

[JayJuanGee]

O.k.  Presuming that I might possibly have more than one bitcoin, that one bitcoin is a good goal, and remember how long it had taken Mindrust to get to 2 digits?   I am not going to suggest that I am better off than him or worse of than him.. at least where he was at.  He was proud of reaching 10BTC and then either the same day or the next day, he sold everything..... Fuck.

I'll say it again: poor Mindrust. One day he'll become popular like that bitcoin pizza guy by showing up on TV and telling his story of how he sold the bottom at ~$3800? Anyway, his story is just another hodling fuel for me. Sell now regret it later. 

I think that he sold around $4,500, but sure, through BTC history, and even involvement in this thread, there are quite a few participating members that have gone down similar roads as him in various ways, and part of the difficulties that many of us likely continue to have with the Mindrust situation continues to be that we got to know his situation pretty well through his own voluntarily sharing of a lot of details with us....

So there is additional sadness when he had become quite convicted in the appropriateness of his behavior because he tailored his approach to his own situation (psychology and finances), while at the same time, many of us had been trying to propose alternative ways of thinking about it or alternative ways to mitigate the risk or cut some of the losses, while increasing the preparations of UP. 

So, yeah sometimes any of us can become way to focused on preparing only for one direction, and maybe that was part of his problem - too much preparing for UP, so that when DOWN came, he overcorrected by then preparing too much for DOWN, and in the end, he is the one that has to decide for himself regarding the fitting path forward and to own his own decisions... even though so many of us were asserting that he would be kicking himself if he did not buy back in and accept his mistake of selling too much at the wrong time.. and continuing too much to had been preparing for down while neglecting up.

I feel bad about continuing to go back to him as an example, but it does help a lot of us to attempt to have reference points, and stories that he had seen and we might not even agree on some of the specifics of how to act or react or what lessons to get from the situation..

[VB1001]

Now we are in a moment of transit, we are probably going to go up, trade is now risky and may be left out.
If the UP and DOWN motion won't let you sleep, you're overinvested.
They need stronger shaking to be immune.

[bitebits]

Re: Mindrust and co.

Emotional investors are and going to act emotionally. And that is probably the majority of retail investors, I am sure many more got burned playing the recent stock market volatility.

[El duderino_]

Imagine selling your $BTC two weeks before the halvening is happening DURING a global pandemic.

Some people really wanna work at McDonald's.

https://twitter.com/btc_macro/status/1254827784867688448?s=21

[serveria.com]

Imagine selling your $BTC two weeks before the halvening is happening DURING a global pandemic.

Some people really wanna work at McDonald's.

https://twitter.com/btc_macro/status/1254827784867688448?s=21

Who is she? Love that TT video...
https://mobile.twitter.com/LayahHeilpern/status/1254850714909769730

[Globb0]

I think the main difference between you and the plebs JJG,

Hahahaha

I am a pleb.

is having more than one bitcoin.

O.k.  Presuming that I might possibly have more than one bitcoin, that one bitcoin is a good goal, and remember how long it had taken Mindrust to get to 2 digits?   I am not going to suggest that I am better off than him or worse of than him.. at least where he was at.  He was proud of reaching 10BTC and then either the same day or the next day, he sold everything..... Fuck.

So, yeah, depending on when we got in, we would probably create goals for ourselves, and if we are trying to be realistic, we don't overdo it, but at a certain point, we might be able to relax... kind of.. not completely, but kind of relax.

Who the hell can completely relax with such an ongoingly volatile asset that is likely NOT going to stop being volatile, and maybe there is some amount of comfort that almost every other investment has become volatile, too, in recent times, causing bitcoin to seem kind of normal... even though it is NOT normal and bitcoin continues to have way more upside volatility potential than many other investments, even though currently, it seems that there has been a lot of enthusiasm for gold, in recent times, so sure, gold might be able to outperform other assets, but that might not be asking for much, and getting a hold of physical gold or even selling it might be a nightmare, but maybe the goldbugs know how to maneuver those gold buying/selling circles.. maybe they do?  Maybe?  But there seems to be strangeness in liquidity and how you get it, sell it, and even if you have it, is anyone going to trust the purity of what you have?

New bitcoin collectors need the price of a bitcoin to be much higher to make any big consumerist dreams come true (a fancy car, bigger house).

If any of us were a new bitcoiner and just getting past our 1 bitcoin and it could take a while to reach double digits, even though double digits might not even be necessary.

Each of us just needs to work within our budget, and don't try to rush things too much.  The great upside potential of bitcoin, might inspire some folks to feel as if they need to overinvest into it, but the fact of the matter is that the asymmetric bet nature of bitcoin likely means that you do not really need to overinvest in order to still be able to compliment any quasi-diversified investing portfolio that you might have established.

Part of the reason that I proclaim to have become overinvested in BTC is because I largely reached my investment allocation target into BTC in late 2014; however, the value of my investment was bouncing between 35% and 60% of the dollar value that I had put into it, so in other words, I was then ongoingly between 40% and 65% in the red... So I continued to invest my available fiat value into BTC, which caused me to go over my authorized allocation, and then even though the BTC price went shooting up, starting in late 2015, I rethought my whole allocation situation, and my plans to cash out on the way up, and I conscientiously decided to meter down my selling on the way up plan.  I figured that I did not have to sell as much on the way up in order to still be fine with the whole risk allocation both psychologically and financially.

So, largely I have retained that perception of my own somewhat "overinvestment" status, which continues to cause me NO real preoccupation with shaving off some BTC here and there along the way, as needed  (maybe similar to a Jimbo perspective - even though Jimbo had been in one more up cycle than me, which probably contributes to causing him to be even less emotionally attached than me in regards to any need that might cause him to shave off a bit more BTC here or there).

There will likely be selling pressure between $10k and $25k of people wanting to get out or having a large stash and need to diversify. Beyond that there might be a big vacuum: high new demand but little supply.

Seems really difficult to know, but I think that if we get into the $17,500 area, there is likely to be some inability to stop the UP for a little bit of time, once getting past that area.. but there could be some severe corrections before getting above that, and sure we have to get back above $10k and even above $13,880... so we should NOT be engaged in attempting to count too many chickens before they are hatched, yet I still get the feeling that a lot of intermediary newbies will be wanting lock in some profits in the price area that you suggested - but in the end, who the fuck cares about those overly anxious profit takers anyhow, because they are always talking BIG talk like they are getting out and making a killing on their BTC, and the same thing happened between $500 and $2,500 in 2016 and 2017, and so all the anxious to make profits in those price zones have not come back.  I mean, are we going back between $500 and $2,500 so some of those overly anxious profit taking folks can buy some of their prematurely sold BTC back?  Does not seem too likely.
 
Don't get me wrong, I am NOT saying that it is a problem that there was a lot of profit taking between $500 and $2,500 and I am also not saying that it was not prudent to shave off some profits through that price zone, just for insurance of not knowing if the BTC price is going to continue to go up, but problems develop when selling too much BTC too soon rather than the fact that they shaved off some profits along the way.

Similar is going to be true in the $10k to $25k zone, as you pointed out.  

Surely, I don't see any problem with shaving off reasonable amounts, even though the BTC price is likely going to go past $25k and not really come back down.. but no problem shave a bit off a bit of profits along the way, but at the same time, it is going to be the better practice to NOT shave off so much as to NOT be prepared for UP, which is the more likely direction, even though it is going to seem unreasonable and outrageous, but there will need to be ongoing needs to prepare for up in that $10k to $25k price zone, even if we might get some pretty BIG scares in that time frame, just like we had the hardforking and related bullshit death of bitcoin scares in the $500 to $2,500 price arena in 2016 and 2017...

Remember breaking through $500 in May 2016, and then the August 2016 Bitfinex "hack" of nearly 120k BTC that so many folks considered to be a likely exchange exit scam and causing additional downward price pressures on BTC - that in the end, did not last more than a few months into October and November, and likely tricked a lot of folks out of their BTC..

Pour one out for Roach who is still (to the extent that fictional character still exists) obsessed about bitfinex(tether) causing the inevitable downfall of BTC.. and no one hardly even remembers bitfinex dominance or tether fud.. that still comes up from time to time but no one really knows what the fuck they are talking about... and why folks like Roach remain so bitter (again presuming the fictional character still exists).

But don't worry there are going to be equal or greater FUD incidents in this next round.   .. and what is the more likely scenario, prepare for plan B's stock to flow playing out without putting too many eggs in that one basket.. yeah, nothing is 100% or maybe not even much greater than 60%, but still... pee pare ur lil selfies for up (not referring to you specifically, bitebits), even if skimming a bit of profits off of your profitable BTC along our upcoming journey .

Interesting, can you go into a bit more detail on that?

[JayJuanGee]

[edited out]

Interesting, can you go into a bit more detail on that?

I think that I wore myself out.

[bitebits]

https://www.forbes.com/sites/justinoconnell/2020/04/24/inside-blockchains-coronavirus-hiring-spree/

Kraken is preparing:

As covered in March by Forbes.com, Kraken, the San Francisco-based cryptocurrency exchange, is also hiring. The company originally planned to hire 250 people in 2020, largely due to the upcoming bitcoin halving. As coronavirus led to people looking for alternative assets, Kraken bumped that number to 350, and moved up their hiring timeline.  According to data provided by the exchange, signups grew 39.5% in March month-over-month compared with February, while average daily signups for March were up 61% compared with January.

“The traditional system seems to be completely breaking down all over the world,” said Jesse Powell, co-founder and CEO of Kraken. “So, increased customer demand is going to mean increased business for us, and it’s going to mean increased hiring.”

[Last of the V8s]

All Members.

Change in the weather for the next few days everyone.     Like most, I would imagine, I have spent time in the garden which has never had so much attention.

As far as I am aware, and I have had many phone calls and e-mails, fortunately there appears to be no one on the branch that has been affected by the virus other than inconvenience. [editor: it is a tiny rural branch]



Regards all,

Hon Sec

[LFC_Bitcoin]

Imagine selling your $BTC two weeks before the halvening is happening DURING a global pandemic.

Some people really wanna work at McDonald's.

https://twitter.com/btc_macro/status/1254827784867688448?s=21

I remember when you used to work as Mcd’s. You have come a long way young man!

[bitcoinPsycho]

Can you feel the pressure building?

I can . Big things later tbc

[El duderino_]

Can you feel the pressure building?

I can . Big things later tbc

Long/buy

[bitcoinPsycho]

Can you feel the pressure building?

I can . Big things later tbc

Long/buy

Hodl