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Blatant in your face Wall Street corruption put a bottom in BTC this morning
"People are flocking to Coinbase after leaving Robinhood, which introduced limitations on various securities" ......
"People are flocking to Coinbase after leaving Robinhood, which introduced limitations on various securities"
— Brian Roemmele (@BrianRoemmele) January 28, 2021
The shift as I predicted has started. pic.twitter.com/8HUEdBKR4s
i just re-bought some here this morning
The interference/restrictions by brokers on stock order flow are going to bring in a new wave of buyers into BTC shortly
Looks like it's halted ... shorts are trapped here
AG has the largest short position in the entire precious metals sector ... will take a few days to cover
Shorts scrambling to cover their record level short position before the Activist crowd shows up
"Bitcoin" is in the process of overtaking "Gold" in Google searches .....
#Bitcoin has overtaken gold for Google search amounts. pic.twitter.com/m06u6rnzdD
— Documenting ₿itcoin 📄 (@DocumentingBTC) January 19, 2021
"Bitcoin" is in the process of overtaking "Gold" in Google searches .....
#Bitcoin has overtaken gold for Google search amounts. pic.twitter.com/m06u6rnzdD
— Documenting ₿itcoin 📄 (@DocumentingBTC) January 19, 2021
Give it another 6 months and the PayPal volume will double from here
Former Canadian Prime Minister names Bitcoin as possible reserve currency .....
https://bit-news.ch/2021/01/former-canadian-prime-minister-names-bitcoin-as-possible-reserve-currency/
Crypto exchange warns of potential Bitcoin shortage .....
Former Canadian Prime Minister names Bitcoin as possible reserve currency .....
https://bit-news.ch/2021/01/former-canadian-prime-minister-names-bitcoin-as-possible-reserve-currency/
Former Canadian Prime Minister names Bitcoin as possible reserve currency .....
https://bit-news.ch/2021/01/former-canadian-prime-minister-names-bitcoin-as-possible-reserve-currency/
Former Treasury Sec. Larry Summers on Bitcoin .....
https://twitter.com/NeilJacobs/status/1350932001625415681
Pump not even need at this point ... increasing demand and low fixed mining supply taking care of price action ......
Following the May 2020 Bitcoin halfing, only aprx. 900 new BTC Coins are now minted every day, however, demand for BTC coins has skyrocketed over the past few months, influenced heavily by the accelerated societal shift to online life/commerce due to Covid ... in just the past few months, demand for Bitcoin has grown to vastly outstrip the supply of new BTC coins hitting the market, for example, just the top 3 entities alone buying Bitcoin are now consuming aprox. 2.28 times more than the number of new BTC coins being minted each day ......
> BTC Demand From Just The Top 3 BTC Buyers ......
------------------------------------------------------------------
* PayPal is consuming aprox. 70% of the new supply of BTC being minted
* CashApp is consuming aprox. 40% of the new supply of BTC being minted
* GrayScale is consuming aprox. 118% of the new supply of BTC being minted
..... just the 3 above mentioned entities alone are now consuming aprox. 228% of the new supply of BTC coins being minted ... which has created a major demand crunch on the remaining BTC coins for the rest of the global buyer marketplace.
While Covid has destroyed many different types of businesses and industries, and fundamentally shifted the way every industry on the planet works; Covid has dramatically accelerated the rate of Bitcoin adoption forward by multiple years within just a matter of months ... Bitcoin is one of the assest classes benefiting the most from the realignment of the world in a post Covid era.
I think BTC is going to finish it's consolidation north of $20k due to the huge shifts occurring in the BTC supply/demand market ... which'd bode well for the BTC co's ... things could go very hot if BTC makes a charge north of $50k.
=====================================================================
***** BTC COIN SUPPLY/DEMAND FUNDAMENTALS......
Following the May 2020 Bitcoin halfing, only aprx. 900 new BTC Coins are now minted every day, however, demand for BTC coins has skyrocketed over the past few months, influenced heavily by the accelerated societal shift to online life/commerce due to Covid ... in just the past few months, demand for Bitcoin has grown to vastly outstrip the supply of new BTC coins hitting the market, for example, just the top 3 entities alone buying Bitcoin are now consuming aprox. 2.18 times more than the number of new BTC coins being minted each day ......
> BTC Demand From Just The Top 3 BTC Buyers ......
------------------------------------------------------------------
* PayPal is consuming aprox. 70% of the new supply of BTC being minted
* CashApp is consuming aprox. 40% of the new supply of BTC being minted
* GrayScale is consuming aprox. 118% of the new supply of BTC being minted
..... just the 3 above mentioned entities alone are now consuming aprox. 218% of the new supply of BTC coins being minted ... which has created major demand crunch on the remaining BTC coins for the rest of the global buyer marketplace
While Covid has destroyed many different types of businesses and industries, and fundamentally shifted the way every industry on the planet works; Covid has dramatically accelerated the rate of Bitcoin adoption forward by multiple years within months
Daily chart looks constructive too ... but Weekly Chart provides the clues on the larger picture.
Lease documents are complex documents with around 40 clauses, could be a "buy out" clause in the lease .... i don't really care ... price action is what counts in this arena.
Anyone who's traded Penny Stocks long enough learns that Penny Stocks are about price action, not fundamentals.
This week's candle closed above last weeks, with a closing this week on the better half of strength ... which is pretty good considering BTC consolidated all week ... price also within a couple whiskers of making ATH's ... continued BTC price action strength might give this one a strong push percentage wise ...
https://schrts.co/vurmXiVy
Weekly candles looking constructive
BTC Coin supply/demand fundamentals ......
Following the May 2020 Bitcoin halfing, only aprx. 900 new BTC Coins are now minted every day, however, demand for BTC coins has skyrocketed over the past few months, influenced heavily by the accelerated societal shift to online life/commerce due to Covid ... in just the past few months, demand for Bitcoin has grown to vastly outstrip the supply of new BTC coins hitting the market, for example, just the top 3 entities alone buying Bitcoin are now consuming aprox. 2.18 times more than the number of new BTC coins being minted each day ......
Just The Top 3 Entities Buying BTC Coins ......
------------------------------------------------------------------
* PayPal is consuming aprox. 70% of the new supply of BTC being minted
* CashApp is consuming aprox. 40% of the new supply of BTC being minted
* GrayScale is consuming aprox. 118% of the new supply of BTC being minted
..... just the 3 above mentioned entities alone are now consuming aprox. 218% of the new supply of BTC coins being minted ... which has created major demand crunch on the remaining BTC coins for the rest of the global buyer marketplace
While Covid has destroyed many different types of businesses and industries, and fundamentally shifted the way every industry on the planet works; Covid has dramatically accelerated the rate of Bitcoin adoption forward by multiple years within months
2crsi financing program .....
* Financing from 2 to 5 years
* You're not the owner of the hardware
* When the contract is over, you give the server back, or you can keep renting it for a longer period .....
https://2crsi.com/finance-by-2crsi/
Even if Bitcoin consolidates to $20k ... the margins are still extremely good at $6k per coin in electricity costs
Something we may be seeing more of soon in the Bitcoin news cycle; news that Bitcoin may be seeing shortages on exchanges due to mass global adoption and ultra strong demand ....
Crypto trading volumes running 25x times higher than same time last year at eToro exchange .....
"In just the last 11 days, eToro has opened 380,000 new accounts, and its crypto-trading volume is running 25 times higher than the same period in 2020" .....
https://www.bloomberg.com/news/articles/2021-01-13/bitcoin-btc-usd-etoro-warns-investors-it-may-limit-buy-orders-this-weekend
RE; Apparently ... a shortage of Bitcoin on the exchanges may be developing due to strong demand .....
In a newly published report, crypto investment firm Pantera Capital says a Bitcoin shortage is at the heart of the recent price surge and that the majority of newly minted BTC is being scooped up by PayPal ... the payment processor alone is snatching up roughly 70% of all the new BTC put into circulation ....
https://cointelegraph.com/news/bitcoin-shortage-is-real-and-paypal-is-the-cause-pantera-capital-claims
Apparently ... a shortage of Bitcoin on the exchanges may be developing due to strong demand .....
The Wall Street media narrative is a possible Yield Curve steepening bias in the FED minutes today ... which in theory is supposed to lead to a increase in nominal US Dollar value ... the problem for the FED is; the US economy is essentially toast (earnings have been savaged), and rising yields will sink the Titanic even quicker - hence the stock market sell-off end of day today
Big news out folks ... Buffett has just entered the P.M. market for the first time in 23 years ...
https://www.bloomberg.com/news/articles/2020-08-14/buffett-s-gold-averse-berkshire-jumps-into-a-big-bullion-miner
The lack of retail participation in MXSG & it's underperformance to Gold is signalling; people staying out of MXSG because they don't want to get dumped on/diluted by the Toxic Diluters ...
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=mxsg&time=8&startdate=1%2F4%2F1999&enddate=8%2F8%2F2020&freq=1&compidx=aaaaa%3A0&comptemptext=gld&comp=gld&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&x=34&y=13&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12
As of the 3rd delivery intent day of Aug, there are now 39,912 contracts delivered in the COMEX August gold contract, representing 124 tonnes ... an increase of 22 tons in just 2 days ...
As of third delivery intent day, there are now 39,912 contracts delivered in the COMEX August gold contract, representing 124 tonnes of gold in COMEX vaults. https://t.co/xWfSem2pak
— BullionStar (@BullionStar) August 4, 2020
BTC weekly chart just barely getting going ... weekly charts better for trend analysis because they remove the daily noise ...
http://schrts.co/MJiKherY
Higher lows on the weekly ... increasing volume ... rising RSI in low 50's ... MACD lines close to flipping positive ... 40 mil. float ... Bitcoin now in rising trend ...
http://schrts.co/tQxugwAV
Yes ... i live in Canada ... both Abcourt & Starcore are producers ... both have lagged the Seniors ... people are starting to look further down the food chain now; ie: Abcourt out-performed every major today with a +20% today - and market may re-price it soon for a $2k Gold price ... both have US listings, but the CDN exchange is several times more liquid.
Another Jr. producer that's lagged is Starcore Intl ... it's starting to get a bit of volume - 19 cents CDN, and low market cap, and low OS ... Canadian based Jr. producer with producing mine in Mexico ... SAM on TSX
Abcourt Mines has been left behind ... but is starting to get some volume ... a Canadian Jr. producer at current price of 15 cents CDN ... not a moose pasture play ... and just starting to break out of a 8 year downtrend consolidation ... ABI on the TSXV