Wekkel
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Activity: 3108
Merit: 1531
yes
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December 03, 2020, 03:38:58 PM |
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I think we bounce around 18880 to 20220 for the next 30 days.
Normally, I would tend to agree. Indicators are weakening so the rally is becoming really long in the tooth. But there apparently is relentless buying going on. Slowly but steadily. So I think it is more realistic to see $20k today than bouncing between $18880 to $20220 for the next 30 days. This time it's different. |
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xhomerx10
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Activity: 3976
Merit: 8638
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December 03, 2020, 03:47:45 PM |
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Globb0
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Activity: 2688
Merit: 2053
Free spirit
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December 03, 2020, 03:50:22 PM |
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If its true wouldn't the result be a net up? |
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Toxic2040
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Activity: 1792
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December 03, 2020, 03:55:00 PM |
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+1 WOsMerits each  -------- claw setting in on the hourly ups ahead maybe see a nice rocket launch soon looks good #dyor 1h  #stronghands |
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BitcoinGirl.Club
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Bitcoingirl 2 is downloading 💓
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December 03, 2020, 04:02:25 PM |
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20k today?  Observing @ $19,580 Fuck! |
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philipma1957
Legendary
 Online
Activity: 4256
Merit: 8594
'The right to privacy matters'
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December 03, 2020, 04:10:59 PM |
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19500 is nice if we can go sides ways for 2-3 weeks we may have a stronger rally over the jan feb 2021 time period.
if we move up and over and into 25-30k this year we will correct in jan feb 2021
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BitcoinGirl.Club
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Activity: 2912
Merit: 2773
Bitcoingirl 2 is downloading 💓
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December 03, 2020, 04:14:00 PM |
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There was one sweet December back in 2017 and this is another sweet December we have now. We still have the whole month left to celebrate.
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sirazimuth
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Activity: 3500
Merit: 3582
born once atheist
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December 03, 2020, 04:18:23 PM |
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....
I've read some utter tosh in my time, but that really takes the biscuit. A future writing pulp sci-fi beckons.
Try the P+S section.It takes the whole cookie biscuit jar, always good for a chuckle though... |
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P_Shep
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Activity: 1795
Merit: 1208
This is not OK.
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December 03, 2020, 04:38:20 PM |
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....
I've read some utter tosh in my time, but that really takes the biscuit. A future writing pulp sci-fi beckons.
Try the P+S section.It takes the whole cookie biscuit jar, always good for a chuckle though... Jesus Titty-fucking Christ!  That is exactly why I don't venture outside of this thread. |
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soullyG
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I've read some utter tosh in my time, but that really takes the biscuit. A future writing pulp sci-fi beckons.
Try the P+S section.It takes the whole cookie biscuit jar, always good for a chuckle though... Wow.. I feel dumber after just reading the thread titles |
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Globb0
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Free spirit
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December 03, 2020, 04:45:52 PM |
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What led you to the belief Globb0 was surprised? Globb0 is not surprised by this news but interested in the implication for price, surely it would mean net up since some coin is sold immediately by miners and they are buying more than that so it will be gradually draining the supply? |
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Wekkel
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Activity: 3108
Merit: 1531
yes
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December 03, 2020, 04:49:15 PM |
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Relax. It's on automatic  |
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philipma1957
Legendary
Online
Activity: 4256
Merit: 8594
'The right to privacy matters'
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December 03, 2020, 04:51:25 PM |
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What led you to the belief Globb0 was surprised? Globb0 is not surprised by this news but interested in the implication for price, surely it would mean net up since some coin is sold immediately by miners and they are buying more than that so it will be gradually draining the supply? I agree that they can move price upwards buying that way. Downside is what if they go weak handed and dump it. |
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jojo69
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Activity: 3290
Merit: 4534
diamond-handed zealot
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December 03, 2020, 04:52:09 PM |
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....
I've read some utter tosh in my time, but that really takes the biscuit. A future writing pulp sci-fi beckons.
Try the P+S section.It takes the whole cookie biscuit jar, always good for a chuckle though... Jesus Titty-fucking Christ! That is exactly why I don't venture outside of this thread.  |
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fillippone
Legendary
Online
Activity: 2296
Merit: 16451
Fully fledged Merit Cycler - Golden Feather 22-23
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December 03, 2020, 05:04:42 PM |
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<...>
What led you to the belief Globb0 was surprised?
Globb0 is not surprised by this news but interested in the implication for price, surely it would mean net up since some coin is sold immediately by miners and they are buying more than that so it will be gradually draining the supply?
<...>
I agree that they can move price upwards buying that way. Downside is what if they go weak handed and dump it.
They are not buying newly mined coins. They are buying from whales, or the 18,000,000 Bitcoin out there. The supply demand narrative is evocative, but ultimately a little bit naive. And they are forced to buy, or sell, according to flows are coming to their products. So far there have been only an accumulation of corn as the whale LOVE to give their coins to BTC to GBTC to cash in the hyuge premium without getting taxed. If ever those whales will sell their shares in GBTC, Grayscale will be forced to sell. No discretionality in GBTC head. |
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dragonvslinux
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Activity: 1708
Merit: 2213
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December 03, 2020, 05:16:01 PM
Last edit: September 10, 2023, 01:24:35 PM by dragonvslinux |
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These sorts of posts with the data provided is exactly why I visit this thread, thanks for sharing I had heard that the combination of paypal/square/greyscale purchasing was almost 2x the mined supply at the moment, but seems like greyscale are 2x on there own. Does anyone have data on paypal/square accumulation at the moment? |
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True Myth
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December 03, 2020, 05:20:59 PM |
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If ever those whales will sell their shares in GBTC, Grayscale will be forced to sell. No discretionality in GBTC head.
I'm thinking with the amount of money they are playing with and the lucrative business they have created, it's unlikely they would easily allow their customers to bail. Too much greed when it comes to money and making money. However, what do I know? I've been wrong more than once in my life. |
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FullNode
Sr. Member
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Activity: 505
Merit: 270
Don't Trust, Verify
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December 03, 2020, 05:24:33 PM |
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Wow. Paul Tudor Jones lays out a belief that Bitcoin is new gold and every sovereign nation will have a digital currency.
Starts around 6 min mark.
Remarkable comments to
@JuliaLaRoche from one of the legends of Wall Street. https://twitter.com/APompliano/status/1334531029382688778 |
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FullNode
Sr. Member
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Activity: 505
Merit: 270
Don't Trust, Verify
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December 03, 2020, 05:52:20 PM |
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Winklevoss’s Gemini Exchange Pings $200,000 to Bitcoin Devs
Gemini is among several donors to Brink, a crypto non-profit that gives grants and support to Bitcoin Core contributors.
It's given $150,000 in Bitcoin to a Bitcoin development non-profit.
It's given another $50,000 in Bitcoin to the Human Rights Foundation. https://decrypt.co/50302/winklevoss-gemini-bitcoin-developers |
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