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63,483 !......Let's Go Baby NOW !
Do Or Die Time.......LoL
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174419715
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* Just LOOK at that Wedge on the left *.......
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Everybody’s getting sucked into selling i’m surprised it didn’t fall faster☝️😎🖕🏖️⛱️🌊🛥️
Bitcoin price today: Drops to $63.6K amid substantial ETF outflows, strong dollar
https://www.investing.com/news/cryptocurrency-news/bitcoin-price-today-drops-to-636k-amid-substantial-etf-outflows-strong-dollar-3491919
"...BlackRock’s IBIT, the largest ETF by assets, was the only product to see net inflows, gaining $1 million. Other ETFs saw no significant net inflow or outflow activity..."
Hedge funds are shorting Bitcoin like never before.
Hedge funds are shorting #Bitcoin like never before.
— Kyledoops (@kyledoops) June 9, 2024
By shorting futures and snapping up ETF spots, they're setting the stage for a price explosion when those shorts close. pic.twitter.com/JJCnxAe3bt
BITCOIN EXCHANGE BALANCES ⚖️
Let’s check in again on the amount of Bitcoin available on exchanges.
If you’re new around here, here’s how to understand this metric:
If we are seeing less & less Bitcoin on exchanges: this is bullish & bodes well for crypto prices 🐂
If we are seeing more & more Bitcoin on exchanges: this is bearish and is generally a red flag for prices 🚩
onchain
2 weeks ago, there were 2,314,416 Bitcoin available on exchanges.
And now that number has fallen to 2,307,119 BTC.
That’s a decrease of 7,297 BTC. ($466 million at current prices)
Bitcoin being withdrawn from exchanges indicates it’s being held for the long-term.
That Bitcoin is no longer available for sale.
Right now, only ~11.70% of the entire supply of Bitcoin is available on exchanges.
This is decreasing consistently, week after week. 📉
Despite poor price action over the past 2 months, if this trend continues, prices inevitably have to go higher.
Decreasing supply with all else being equal = higher prices. 📈
Quad OPEX today, its the largest ever. around 5 Trillion dollars will move around by the time its done.
HOW CAN YOU NOT BE BULLISH? 🤔
The crypto industry has seen an insane amount of progress over the last decade.
And it’s only the beginning…
That’s the latest message out from Jeremy Allaire.
jallaire1
If you haven’t heard of Jeremy, he’s the founder and CEO of Circle. (the company behind the second largest stablecoin, USDC)
In a recent Twitter post, Jeremy explained why he’s “more bullish” than ever before.
Jeremy has been building Circle for the past 11 years, so he’s seen a lot change.
Here’s what he had to say about the early days of crypto:
“In 2013… Any affiliation with Bitcoin or crypto was viewed as highly fringe, probably illegal, and for most technologists, a largely uninteresting technology development. Back then, the technology was extremely limited, slow, expensive and complex to operate.”
Jeremy Allaire
Back then, no one wanted to associate with crypto.
Banks, accounting and audit firms, insurance companies, regulators etc. all stayed clear of the space.
The media pushed the narrative that crypto was only used by criminals. (Silk Road saga)
But now?
Things have changed:
“It’s totally and utterly extraordinary where we are at now. And, as I like to say often, we are truly only in the very early stages of the adoption of crypto in the world, which makes me insanely bullish today, given how far we’ve come in the past decade.”
Jeremy Allaire
Here’s a quick list of some of the major developments of the last 10 years:
Digital assets are now an accepted part of the emerging global financial system 🌎
Bitcoin has become one of the largest and most important alternative investment assets on the planet 🗺️
The biggest asset managers in the world now offer investment products for both Bitcoin & and soon to be Ethereum 🏦
Crypto has become a global political issue 🗽
Stablecoins have exploded in scale and use 💥
“The scale of all of this right now is truly astounding compared to where we were a decade ago. Like prior waves of open internet infrastructure, this wave is growing, and is coming on stronger every day and every week… We’re still in the VERY EARLY STAGES in the adoption of crypto. That’s insanely bullish.”
Jeremy Allaire
If you zoom out and look at how much the digital asset industry has changed over the last 10 years…
How can you not be extremely bullish? 🤷♂️
SAYLOR WON’T STOP BUYING BTC 🏦
BREAKING: MicroStrategy completes $800M note offering to buy more Bitcoin
bitcoin
Remember a couple of days ago when MicroStrategy announced a private offering of convertible senior notes?
They’ve now completed that offering, raising ~$800 million.
Any guesses what they did with it? 😂
No prizes for: Buy more Bitcoin.
Yesterday, MicroStrategy announced they purchased an additional 11,931 BTC for ~$786 million.
This brings MicroStrategy’s total holdings to 226,331 BTC, acquired for ~$8.33 billion at an average price of $36,798 per coin.
saylor tweet
MicroStrategy has never sold any of its Bitcoin.
Checkout yesterday’s newsletter for a break down on why Saylor has 100% conviction in Bitcoin.
mstr btc
Literally the definition of all-in.
If the ETF's are done buying and now just trading it some support is lost imo.
Crucial Juncture - Do Or Die
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174629095
IHub stops providing (detailed) charts
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No more LIVE Bitcoin Under Microscope Analysis such as the example displayed below here now huh ?......
Yes, that is correct......
IHub HAS CEASED to supply Bitcoin charts
Sorry for the inconvenience
We just felt it was a very appropriate time, to STOP making things crystal clear.
We hope you'll understand.
Oh, we DO !
The Great Crypto Shell Game......by IHub 2024
Bitcoin 66,666
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Thanks AP!
Those “21” Rules of Saylor I saw the other day as well. They were excellent and he’s Fantastic! I believe most all would benefit reading what you presented and also going on X and watching the presentation he made.
Cheers
WHEN TO SELL YOUR BITCOIN 💲
It’s the question everyone has to ask themselves at some point:
When do you sell your Bitcoin?
$100,000? $1 million? $10 million?
According to Michael Saylor:
You do not sell your Bitcoin.
saylor1
Bitcoin Prague 2024 just wrapped up last week.
The highlight of the event was a keynote by Michael Saylor titled: 21 Rules of Bitcoin.
The entire talk was a masterclass. Although we can’t cover all 21 rules of Bitcoin, some of the best were:
Rule 5: Bitcoin is the only game in the casino that we can all win
Rule 8: Everyone gets Bitcoin at the price they deserve
Rule 10: Tickets to escape the Matrix are priced in Bitcoin
However, 1 rule in particular, stood above the rest:
Rule 20: You do not sell your Bitcoin
Michael Saylor
Here’s how Saylor broke it down:
“Bitcoin has been going up 50% a year, for the past 4 years. Every time you sold it, you gave up the best performing asset in the world to buy what?”
Michael Saylor
Put even more simply:
“Diversification is selling the winner to buy the loser.”
Michael Saylor
Keep in mind, Michael Saylor didn’t just make his money from building a successful company.
He’s also a ridiculously successful investor. Saylor made ~$500 million from early investments in Apple, Amazon, Facebook & Google.
Rule 20 will serve you well.
From the Block…
MicroStrategy buys additional 11,931 bitcoin for $786 million
by James Hunt
COMPANIES
• June 20, 2024, 9:32AM EDT
Published 1 minute earlier on
UPDATED: June 20, 2024, 12:18PM EDT
Share
The Block Michael Saylor
Quick Take
MicroStrategy has purchased another 11,931 BTC for approximately $786 million at an average price of $65,883 per bitcoin.
The latest acquisition follows the completion of an $800 million convertible note offering and takes MicroStrategy’s total holdings to 226,331 BTC.
Business intelligence firm and corporate bitcoin holder MicroStrategy acquired an additional 11,931
BTC -0.061%
for approximately $786 million at an average price of $65,883 per bitcoin between April 27 and June 19, according to a filing on Thursday.
The company now holds 226,331 BTC, worth roughly $14.9 billion. MicroStrategy’s total holdings were bought at an average price of $36,798 per bitcoin, a cost of around $8.33 billion, inclusive of fees and expenses, according to the company's founder and executive chairman Michael Saylor.
MicroStrategy’s latest bitcoin purchase follows its acquisition of 9,245 BTC for $623 million in March, followed by two smaller purchases, which took the firm’s holdings over 1% of the total 21 million bitcoin supply for the first time.
MicroStrategy’s share price was up 2.4% in pre-market trading Thursday morning at $1,505, according to TradingView. The stock is down 2% over the past month but has gained 112% year-to-date.
As of Tuesday's close, its market capitalization was $26.06 billion, and its enterprise value was $29.6 billion, according to data from Yahoo Finance.
Bitcoin is currently trading for $66,009, according to The Block's bitcoin price page, up 1.4% over the past 24 hours.
MicroStrategy completes $800 million convertible note offering
The latest acquisition follows the firm’s completion of a private offering of convertible senior notes, which included a 2.25% coupon and an approximately 35% conversion premium over the U.S. composite volume weighted average price of MicroStrategy’s class A common stock, according to the filing.
MicroStrategy originally proposed a $500 million offering on June 13, which was later upsized to $800 million amid a positive reception in the marketplace, the firm said. Net proceeds from the offering totaled approximately $786 million, used to fund the bitcoin acquisitions alongside excess cash.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
TOKENS MENTIONED IN THIS ARTICLE
BTC
-0.061%
Yeah, accept in March of 2009 Spooze hit 666 for intraday low, and it’s been going up since. I hate the sign but is the inflection up or down for BTC. Strange daze. Lest we not forget tomorrow is biggest OPEX ever.
BITCOIN XRP Computer Age pushed the button $80k target
BITCOIN XRP NVDA SMCI Destination Earth Jam On Revenge ☝️🤑💰💰💰💰💰💰💰 Wikki Wikki😉
BITCOIN XRP SMCI Cybotron - Clear
BITCOIN XRP💰💰💰🏦🚀🚀🚀🚀🚀🧊🧊ICE ICE BABY
BITCOIN XRP NVDA SMCI Imagine Dragons Radioactive 🖕🤑🖕
OHTL Res BO
OHTL Res BO
Actions speak louder than words
https://dailyhodl.com/2024/06/20/bitcoin-miner-capitulation-could-trigger-massive-btc-rally-says-willy-woo-but-theres-a-catch/
Bitcoin Miner Capitulation Could Trigger Massive BTC Rally, Says Willy Woo
Woo tells his 1.1 million followers on the social media platform X to look for compressions in Bitcoin hash ribbons
when thinking about when to buy and hold.
Almost seems like my analysis is sharper than his !.....Guy doesn't even MENTION this ;
.
.
You feel lucky punk?
You’re welcome and Cheers back at ya Buddy!
ENTER SANDMAN💰💰💰💰💰💰🏦 🏖️🏝️⛱️
BITCOIN XRP 🏦☝️🤑💰💰💰💰💰💰💰Imagine Dragon - THUNDER $80K Target in a blink
Agree AP! Great Post! Thanks!
BITCOIN XRP🏦🖕😎🖕 Vance Joy RIPTIDE $80K TARGET
Lol you sound like 12 y muhamuhahahaha idiot
THIS IS WHEN YOU BUY 🧠
The last 2 months of crypto have been somewhat… boring. 😴
2 months of choppy price action has every losing their minds.
But according to macro experts Raoul Pal & Julien Bittel, this period is completely normal.
It’s also the time to buy.
rj1
Raoul Pal & Julien Bittel together write Global Macro Investor.
Global Macro Investor is a financial research service that has one of the best track records of all time.
So, they know their stuff.
With everyone flipping out over recent price action, Julien pointed out something important.
So far, price action has been fairly typical.
Jbittel1
The current cycle is very closely mirroring the 2016 - 2017 cycle.
boringzone
Raoul then pointed out that now is a good entry point if you’re looking to top-up positions:
rtweet21
Finally, Raoul dropped a piece of advice.
Just don’t check your portfolio during periods of corrections:
rtweet1
In all seriousness - these boring periods is what will determine your success as an investor.
If you can:
Not get bored 😴
Not get distracted 🙄
Keep a long-term time horizon ⌛
You will be rewarded. 🎁
DO OR DIE - CRUCIAL JUNCTURE - HOLIDAY trw - Bedtime
Aprox.
PS ; What Hongkong has been doing is nothing short of remarkable
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Index&symb=hangseng&x=51&y=12&time=18&startdate=1%2F4%2F1999&enddate=7%2F10%2F2024&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
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A few of the levels which I've discussed at great length........MOST of them ad nauseum ;
Holiday trw, Do Or Die = Time To Buy ;
That low of today may have been...... "The (Do Or Die) Time To Buy".......Holiday tomorrow !????
Wow.......Just Super-Pathetic (Holiday-Based ?) Manipulation !
Now you tell me ; Just WHAT kind of professional asset manager,
TRULY would WANT to go ANYWHERE'S NEAR this (grossly manipulated) thang .....(with thier clients' money) ?
Nonetheless having said that - Holy-smokes.....Thiing is sure at QUITE a support level NOW !......
One which will sure NEED to Hold......Boy.......Or ELSE !
CRUCIAL Juncture (once again)
Currently 64,923 - Down 0.33 %
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BITCOIN ALERT
* Important Note About © & Anonymity ===>
"... A lot of people mistakenly believe that Tor Onion Networking is "all about anonymity" - which is incorrect, since it also includes:
...none of which are the same as "anonymity", but all of which are valuable qualities to add to secure communications. ... "
Bitcoin git repository (mirrors upstream branches+tags) is now available through a TorV3 hidden service at===>
http://nxshomzlgqmwfwhcnyvbznyrybh3gotlfgis7wkv7iur2yj2rarlhiad(.)onion/git/bitcoin.git
https://gitlab.com/bitcoin
While we love Bitcoins here, and believe they will continue to ascend to new heighs!!! We will soon be offering stock and smart contract
suggestions that we beileve could grow much like Bitcoins have!!Please keep in mind that Bitcoins were on my watch list when
they were trading for just pennies! Feel free to boardmark here & sign up for our email list!
*****
============================================
X-\(((-_-)))/-X
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Resources * NEWS * TRADE GROUPS + CRAZY FUN ZONE ::::>>>> https://www.fsf.org/resources/
________________________________________________________________________________________________________________________
Disclaimer:
Bitcoins are a volatile market in the early stages. It is risky investment money into Bitcoin, stocks, and any investments mentioned here! Nobody here is a finanical adviser.
Never buy, sell or hold based on anything said by myself or anyone here.
Always do your own DD and research!!!!! I take no responsibility for your gains nor losses!!!!
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(((((~*~THE ORIGINAL~*~))))))
100% GRASSROOTS SUPPORT
<3<3 Spread da BTC Love!! ====> weee
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