Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4763. (Read 26609723 times)

Not a bad idea, I'll order one. Thanks.

Explanation

Drunk and uncontrollably…..

What can a dude say ?

Of course dude, we know you're too much of a gentleman to flood this room with dick pics.
On the other hand, a simple yellow parabola... 

It wasn’t a dick pick…
That’s why he’s disappointed,
our village fool “JJG”.




#haiku #nohomo #J/K etc

Willy Woo
@woonomic
https://twitter.com/woonomic/status/1437366337626468352?s=21
I posted this map of the BTC supply distribution, but many asked "but what does this mean?".

Well, it says quite a lot, this is the whole ecosystem talking to us. Since people didn't see what I though was in plain sight, I'll break it down and add a bit more colour.

👇



Supply Distribution of Bitcoin update.

Whales added recently. Minnows continue to stack. 10-1000 BTC holders mainly flat.

Reserves held publicly reducing (mainly exchanges and ETFs reducing while corporates adding).
https://twitter.com/woonomic/status/1436886237130878977?s=21



Willy Woo
@woonomic
1) Most importantly.

Bitcoin continues to distribute coins evenly. Publicly held and retail entities continue to gain more control of the supply while whales are reducing their control.

Remember the gold standard failed as a monetary standard due to centralisation of the supply




Willy Woo
@woonomic
2) Retail drives macro cycles. When retail stack their sats at an increased rate, like they are doing right now, it's the fundamentals saying we are in the middle of a bull market.

I repeat; middle of a bull market. Traders in disbelief 2 months ago when this data was shown.

https://twitter.com/woonomic/status/1437366348481400833?s=21



Willy Woo
@woonomic
3) Whales think coins are cheap right now.

Whales are opportunists. They're in a decade long diversification plan selling into every bull market having made their money.

But they do take the opportunity to buy when they see a strong rally ahead, like right now.

https://twitter.com/woonomic/status/1437366354768662532?s=21



Willy Woo
@woonomic
4) Publicly held coins show bullishness.

Corporates are long term holds, they are increasing.

Speculative inventories at exchanges are depleting as long term buyers step in.

ETFs remain flat, mainly because of the colossal GBTC fee (6600 BTC fees deducted and sold since Feb).

https://twitter.com/woonomic/status/1437366359784972293?s=21



Willy Woo
@woonomic
Data sources below.

On-chain forensics: @glassnode
ETFs: @glassnode & @woonomic
Corporates: @woonomic (via company reporting)
https://twitter.com/woonomic/status/1437366362305818629?s=21



TL;DR
We are going higher this year: much higher.

This could be a thing, especially if other governments follow the lead.

https://bitcoinmagazine.com/culture/el-salvador-to-exempt-foreigner-investors-from-tax-on-bitcoin-price-gains

She's on the (n+1)th  fakeout. What a tease.

+1 WOsMerit



We don't want to know
Especially not a photo
So says JJG



#haiku

Explanation

https://twitter.com/bitcoinmagazine/status/1437358005868240903?s=21

This is the way

Shoes are pretty. I have a bunch of them, some even from 10 years ago and are still as new. They hodl you for a very long time. But I wouldn't recommend starting to wear them all the sudden. U need a learning curve from snickers.    

The problem with Nikey's or Puma's or wtf brand of low life no-coiner you buy, they will ruin your feet on the long term because they are made to shape the feet in a manner that would make you look bad in the leather ones. So, wonky feet are a no-no for the leather version, because you will eventually need custom made shoes if you got distorted feet.   

When Golden Cross?

No doubt some coins have outperformed bitcoin in terms of profits and returns like for example if you have invested the $1200 stimulus check in various altcoins vs bitcoin then the return was somewhat like this

Bitcoin - $12-$13k
ETH - $27-$30k
Doge - $121k

But this was just normal thing because bitcoin prices are way too much to move heavily compared with the market cap as i have also said previously.Same thing happened with investors as they found the other shitcoins more lucrative and thought they would gain more profits from them instead of holding bitcoin.They converted their btc or invested in such coins in the hype and then end up losing all as those meme coins don't stand a firm future and the whales cash out profits and market started dumping and they do not have any btc and have shitcoins left with them only with no growth chances.

But bitcoin always bounced back like in the past and will continue the same pace even if dips to bottom support barriers so holders don't have to worry about it in long term.Comparing the past bitcoin returns with other coins would make much sense as in hype most of the scam coins are pumped and then they disappear with your funds.Bitcoin comes with security and profits of your funds which other coins don't guarantee you.

Explanation

Bitcoin WO poetry

Explanation

Market waiting mode,
Something is brewing I think…
Apple announcements??

Woke up to check the bitcoin price

Let's be honest...

Explanation