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Morons..... https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174605781
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174605781
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Locate March 18th
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.
June 1st
re : That diagonal (AND 2021 high) AND "Distribution" AND OG 's
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174577931
16,666, 2021 nigh, FOMC, CPI
Excellent reporting! Thanks AP!
Cheers
BITCOIN XRP WOW! Be ready to watch this thing fly 🪡
BITCOIN Fireworks in July 🎆🎇 🤗 woohoooooooooooooooo
THE FUTURE OF BITCOIN 🏦
BREAKING: Donald Trump vows to end Joe Biden's ‘war on crypto’
Bitcoin
Now before you say anything…
We aren’t here to pick sides.
Who you vote for is up to you, we’re just presenting the facts.
During a recent speech, Trump promised to end Biden’s “war on crypto”.
Here’s what he had to say:
“I will end Joe Biden’s war on crypto and we will ensure that the future of crypto and the future of Bitcoin, will be made in America, we’re going to keep it right here, and a lot of it is going to be done right here in Florida,”
Donald Trump
With comments like these, Trump is clearly winning the support of the crypto community.
Saylor tweet
BUT…
According to reports from Bitcoin Magazine, the Biden administration is also set to attend a Bitcoin roundtable with key congress officials in DC.
The roundtable is expected to feature officials from the Biden Administration, House, Senate, and American businessman Mark Cuban.
“The primary objective of this meeting is to strategize on how to keep Bitcoin and blockchain innovation in the United States."
Bitcoin Magazine
Here’s the interesting part though.
According to the report, this meeting is seen as a response to Trumps recent endorsements of the Bitcoin industry.
Every single day the Bitcoin/crypto political debate continues to heat up. 🔥
Either way this is very bullish for the future of crypto.
We’ll keep you updated.
THE FUTURE OF BITCOIN 🏦
BREAKING: Donald Trump vows to end Joe Biden's ‘war on crypto’
Bitcoin
Now before you say anything…
We aren’t here to pick sides.
Who you vote for is up to you, we’re just presenting the facts.
During a recent speech, Trump promised to end Biden’s “war on crypto”.
Here’s what he had to say:
“I will end Joe Biden’s war on crypto and we will ensure that the future of crypto and the future of Bitcoin, will be made in America, we’re going to keep it right here, and a lot of it is going to be done right here in Florida,”
Donald Trump
With comments like these, Trump is clearly winning the support of the crypto community.
Saylor tweet
BUT…
According to reports from Bitcoin Magazine, the Biden administration is also set to attend a Bitcoin roundtable with key congress officials in DC.
The roundtable is expected to feature officials from the Biden Administration, House, Senate, and American businessman Mark Cuban.
“The primary objective of this meeting is to strategize on how to keep Bitcoin and blockchain innovation in the United States."
Bitcoin Magazine
Here’s the interesting part though.
According to the report, this meeting is seen as a response to Trumps recent endorsements of the Bitcoin industry.
Every single day the Bitcoin/crypto political debate continues to heat up. 🔥
Either way this is very bullish for the future of crypto.
We’ll keep you updated.
BITCOIN Three Dog Night JOY TO THE WORLD ☝️🤑🌪️🚀 🌊🏄♂️ 🖕$100K TARGET
I agree with your comment.
Vast swings if $10k or so have not been witnessed for quite some time.
An interesting ratio would be the percentage of selling at levels by OGs of their long positions with price increases to correlate to current selling as a comparable indicator.
Nice, seems like the so called corrections these days are a drop from 69K to 66K or high 65's. Not much of a drop as far as I'm concerned.
The days of a 10K drop ARE OVER!
Worth a read…
The Daily Hodl
Here’s What’s Driving the Current Bitcoin (BTC) Correction, According to On-Chain Analyst Willy Woo
Henry Kanapi June 16, 2024
Popular on-chain analyst Willy Woo is breaking down the drivers powering the current Bitcoin (BTC) drawdown.
Woo tells his 1.1 million followers on the social media platform X that Bitcoin OGs, or early, long-term BTC holders, are heavily unloading their stacks.
The analyst shares a chart showing that BTC’s coin days destroyed metric is on a steep rise, suggesting that long-dormant coins are moving, possibly to crypto exchanges where they could be sold on the open market.
“First, let me tell you who is selling. The OGs. They are selling. They have more BTC than all the ETFs (exchange-traded funds) put together… 10x more. And they sell into every bull market. This pattern is as old as the Genesis block.”
Image
Source: Willy Woo/X
While long-term holders offload some of their Bitcoin, Woo says that the selling is being exacerbated by the futures markets or what he calls paper BTC.
“Paper BTC has flooded the market since 2017. Futures markets. If you wanted to buy BTC, it used to be you had to buy real BTC. You can now buy paper BTC. Thus a no-coiner can sell you that paper. Together you have made a synthetic BTC.
That would-be demand for BTC gets diverted to paper BTC, fulfilled by counter traders who have no BTC to sell, they just have USD to back their bet.
In the old days, BTC would go on an exponential run because the only sellers were a trickle from the OGs and an even smaller amount from miners with their newly mined coins. Today the magic of paper BTC is what you want to watch.”
Woo shares a chart showing that while the supply of spot market BTC has been on a long-term downtrend, the supply of paper BTC appears to be witnessing an uptick.
“The 2022 bear market was dictated by a flood of paper BTC when spot holders didn’t really sell. In this current bull, I have marked where paper increased, these were times when the price didn’t rally. We are in one of these right now.”
Image
Source: Willy Woo/X
At time of writing, Bitcoin is worth $66,286.
Hey AP. I just followed you. Thanks for not saying “Bonk Bonk”
So True, and Thanks 💯
You’re Way Cool 😎 Buddy!
Wait till interest rates start to drop!
Post this!
Bitcoin will be going to a GO GO!!!
Cheers! 🍻
Your welcome, cheers
Limited supply, continuing demand, printing presses that never cease, unrest around the world, interest rates will drop sooner or later and then Earth vs. The Flying Saucers!! 🛸 Just having some fun for the morons (not You AP, Weed Kick and some friends here) on where we are heading over time. Thanks for the 2 articles! Enjoy the weekend! 👍🏻
WALLET CHECK 📈
Today we’ll be taking a look at the number of addresses with a non-zero balance.
It provides a high level overview of the Bitcoin network’s user base/activity.
Keep in mind though, one wallet does not equal one user. A user can have many wallets.
What matters here is the trend of the chart.
Increasing number of addresses: increasing adoption levels 📈
Decreasing number of addresses: indicates users are selling their entire balance or consolidating wallets 📉
onchain
And notice how this chart has always been trending upwards?
A clear sign that the Bitcoin Network has expanded every single year.
As of today there are 53,108,054 addresses with a positive balance.
Two weeks ago this metric was at 52,708,344 wallets.
That’s an increase of +399,710 wallets. 😱
An absolutely MASSIVE increase.
Simple takeaway from this data:
Bitcoin adoption continues to grow, and 2024 marks the start of the ‘institutional era’.
15 years into its existence and the network is still expanding every single year.
Bullish. 🐂
BITCOIN VS REAL ESTATE 🏡
Bitcoin is going to $1 million over the next 10 years.
So why would you invest in real estate?
That’s the latest out from Fred Krueger.
Fred Krueger
Fred Krueger is a very successful entrepreneur & investor.
In his latest interview, Krueger made it very clear why Bitcoin is the better investment over real estate.
But first, Fred broke down where he sees Bitcoin going over the next 20 years.
“I think most of the gains on Bitcoin are going to happen over the next 20 years.”
Fred Krueger
Krueger then gave some rough price targets:
“We get to $1 million a coin within 10 years. I think we get to $10 million a coin within 20 years.”
Fred Krueger
If Bitcoin were to reach $1 million per coin in 10 years, that would put the market cap at ~$20.87 trillion.
And at $10 million a coin, the market cap would be ~$209.96 trillion.
(these calculations account for new Bitcoin entering the supply over 20 years)
With these numbers in mind, Krueger has a very simple take on Bitcoin vs Real Estate:
“Bitcoin will outperform real estate by quite a wide range.”
Fred Krueger
And for people that are looking at buying their first house, this is what Krueger has to say:
“If I were you, I might just wait a little bit. I would say a smarter idea would be to rent and put some money in Bitcoin for 4 or 5 years.”
Fred Krueger
Now let’s take a look at some charts to see if Bitcoin really is better than real estate…
(spoiler alert, it is)
The chart below shows how much Bitcoin (orange) is required to purchase an average home in the United States.
Notice how the amount of Bitcoin required has always been trending downwards.
US house price vs BTC
United States Average House Price in Fiat (Green) and BTC (orange)
And it’s the exact same story in the United Kingdom.
UK house price btc
United Kingdom Average House Price in Fiat (Green) and BTC (orange)
The trend is clear.
Over the last 15 years, Bitcoin has been the superior long-term investment compared to real estate.
Will that trend continue? 🤷♂️
Fred seems to think so and so do we.
wow so now BTC bumpkins just making stuff up when the core of every move in crypto past 2 days actually comes from FOMC. I didnt see any statistics in that blurb or blob of words. Insane world.
Bitcoin Crashes To $65,000, Expert Unpacks Drivers Of Crypto Market Bloodbath
https://ih.advfn.com/stock-market/COIN/BTCUSD/crypto-news/94048509/bitcoin-crashes-to-65-000-expert-unpacks-drivers
2 months PRE-COVID
JAN 2024
66,666 CPI FOMC TNX
SUKU SHIBA DOGE BONK BONK $80,000 Target ☝️🤑🌪️🚀
.
You’re welcome AP
Doesn’t matter what you buy right now stocks crypto soon as you buy they’re selling it off🫲😎🫱 🌊🏄♂️ ☀️ DJ Jazzy SUMMERTIME
Looks like BTC bucked the fed for a day, but seems still under the thumb of something. what could that be?
Great and enlightening posts my friend!
Lol guess its ripping soon. Kid you've become the greatest ihub contrian indicator lmao! You kind of embarrassing yourself
So we have a blockchain product being shorted by a non blockchain product. Vote RFK jr this corruption goes bye bye.
Things are not looking good. Everything looks ugly like your face and the fact nobody likes you but yes it looks like the chart is broken.
Status = FRAGILE
Yes.....Y'know ;
Unlike many around this joint - I ain't gonna mislead and BS my face off just because I'm holding it (them)......
I'm going to report what I see / sense occuring, just to hear whether or not anyone sees and senses the same thing.
June 1st ;
Others, they "PUMP", believing that they need to DEFEND thier investment !
As tho (if) posting here MIGHT AFFECT Bitcoins' price !
That 66,666 there had better darned hold
66,666, 2021 high
Post - FOMC CPI Fanning downwards eh ?
Even thru 66,666
WHY ?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174576132
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174577931
64,000 could be the next stop ........IF this current Fan Line fails to hold
Summary
EXCHANGE BALANCES PLUMMETING 📉
Today we’ll be taking a look at the amount of Bitcoin available for sale on exchanges.
Here’s how to interpret this metric:
Decreasing exchange balances: Bullish indicator as it signals a shift towards long-term holding 🐂
Increasing exchange balances: Bearish indicator as coins being transferred to exchanges are more likely to be sold 🐻
onchain
Currently there is only 2,298,129 Bitcoin available for sale on exchanges.
That’s ~11.66% of the entire circulating supply.
And it’s plummeting. 📉
Over the last two weeks, exchange balances have dropped by 34,159 Bitcoin. (~$2.30 billion)
This metric is super simple:
Less Bitcoin on exchanges = Less Bitcoin available for sale
There just isn’t that much BTC available for sale. And it’s decreasing every single week.
And eventually, there won’t be any Bitcoin left to buy… 🚀
WE’RE STILL EARLY 📈
Is Bitcoin undervalued?
Well, billionaire investor Bill Miller IV seems to think so…
bmiller4
For those not familiar with Miller, he’s the CIO and Chairman at Miller Value Partners.
And he’s been accumulating Bitcoin for over a decade, even publishing a blog post titled “A Value Investor’s Case for… Bitcoin?!” back in 2015 when Bitcoin was just ~$230.
But recently, Miller published another blog post titled “Why I’m Still Betting on Bitcoin”.
Let’s see what he has to say.
Miller starts the blog post with the following:
“I believe Bitcoin today is still significantly undervalued and that the world is likely in the early stages of a secular shift around how humans think about capital and its governance.”
Bill Miller IV
Miller then explains that humans are notoriously bad at understanding the potential of new technologies.
“This gap is especially wide for groundbreaking concepts of an epistemic nature – that is, inventions that change the way we think about and relate to information and each other. It also explains why NVIDIA, Google and Meta have generated outsized returns relative to other stocks.”
Bill Miller IV
And Bitcoin is unlike anything we’ve ever seen before:
“The promise of Bitcoin is simple – namely, that changes in someone’s purchasing power should not be controlled by an authority tied to the circumstances of one’s birth.”
Bill Miller IV
Unfortunately, Miller didn’t give any price predictions in this blog post.
But he did say the following:
“My view is that it’s many multiples of its current $1.5 trillion market capitalization in a world of fiat governance systems fast approaching one quadrillion dollars of capital.”
Bill Miller IV
Bitcoin still only represents a fraction of the worlds total capital…
Bill closed out the blog post with this powerful message:
“I believe that continuing to ignore Bitcoin will serve those who do it over the next decade as well as it has over the past one – not well.”
Bill Miller IV
It’s still early. 😎
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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
===========================================
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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