Roughly 17.8 mil btc mined. who knows how many are lost. 60 percent haven't moved in a year, so that leaves 7.1 mil available. Even having 1 btc will be a huge fucking deal in the years to come
People tend to forget the last part of the cycle is normally the most violent. BTC went from 3k to 20k in 93 days and went from 300 to 1400 in 60 days. Insane
Thread incoming on why you shouldn’t be panicking here and buying instead. And I don’t care if it goes a bit lower. Low 30s is phenomenal value for Bitcoin
@WClementeIII
So far we’ve had this
1. Cme BTC futures at 2017 top
2. COIN April 2021 top
3. Futures etf nov 2021 top
4. Cme eth futures ethbtc top dec 2021
5. Short BTC etf at bottom
I think 3ac is running a psyop on eth. bearish publicly when they were accumulating eth in the late fall. and when they were done they flipped bullish publicly. now they are outwardly pushing eth strongly, and are prob scaling out. They will flip bear publicly when done selling
Times 4hr rsi has been oversold since the 4k drop and bull run started. be bearish at your own peril. Worst case we get a 4hr bull div and you buy that
It is beyond frustrating that BTC dumps on these high cpi prints. The currency that is actively being debased to hell gets piled into. So ready for this paradigm to be over. Make it make sense again
Energy producers have an incredible opportunity to lead the US out of the monetary mess it has gotten itself into by incorporating bitcoin mining into their operations and holding bitcoin as a treasury asset.
They can force the issue of a Bitcoin Standard.
In theory we are at the stage of the cycle where retail is entering alts and whales are offloading into the liquidity. Once they are done they won’t support the price. Alts then fall. Retail them enters BTC. Basically I think retail is just entering. Smart money phase is over
Despite the hacks of LinkedIn, Facebook and Experian . . . Twitter wants me to upload my passport and or driver's license to them . . . which when they are hacked would put my identification online as well
BTC is going to run so hard and fast off its bottom once it gets going. Holder base is super strong, a lot of coins have changed hands below 30k. Above that people will need to chase into an illiquid sell side. BTC also will have the bull case in a stagfl or high inf environment
The goal for anyone is owning 1 Bitcoin. If you own 1 BTC you will own more than the average person who is currently a millionaire in the world. That includes million dollar houses. A lot more than 21
Mil of those around the world. Btc is scarce as hell
I think Bitcoin demonetizes most of the other protocols in 5-10 years. This is just my opinion and no idea if I’m right but that’s where I stand. I’ve been back and forth on this issue several times, and owned a lot of shitcoins. All trend to zero over time
Imo there’s a real chance the 4 year cycle is done. Basically it was created by the issuance cycle, miners, and human emotion. Now we have less issuance than ever, miners that are holding (similar how companies hold their own stock), and more users that want to hold (stack sats)
Under the hood, a large accumulation is happening. Once BTC breaks 65k for good it can go to 200-250k pretty easily without even being a bubble. That would just be standard adoption based on the supply demand imbalances. A bubble would be 400-600k imo
would you shit? BTC has extreme macro tailwinds with inflation and the fact the fed can't raise rates or let the spx fall bc debt/gdp is too high. i could see this playing out followed by a possible longer bear market if the need for an inflation hedge is lessoned.
In the future they will try to control every aspect of your life. They will do this by using cbdcs. “Sorry if you don’t get the vax your spending is restricted. Sorry if you don’t eat this way your wallet is suspended”. Wake the fuck up people. Buy bitcoin and opt out of this