Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Bakkt Tuesday's numbers: Volume: 17 745 BTC ($192.84 million, +61%) (New ATH)
https://twitter.com/BakktBot/status/1306115788995260424
Remember the dissapointment of the first day with volume of several bitcoins? Well, this escalated quite fast to the levels of the biggest exchanges! And this is still unnoticed among the other 'hot' news about defi and microshares. Defi is having currently around 100 000BTC locked into smart contracts and rising of course. More and more serious investors and companies are accumulating bitcoins causing a shortage on the spot exchanges. Good times are coming and the bears know it! Of course they will fight desperately between 10K and 20K to be able to buy cheap coins as long as possible. But when the ATH is breached, the real FOMO will start. Then the SEC morons like Jay Clayton will realise that invetstors do not need their approval to invest in Bitcoin. The obstacles they've built are not applied for Bitcoin. Peeps like Clayton and Mnuchin are bastards of the fiat adultery, while we are the true heirs of the only asset that will survive and get stronger with time.
So, are there any knife catchers left trying to gain from 5 min 1-2% drops? They must be completely blinded and not being able to see the big picture. It is funny how such plankton is coming here to boast with a leverage short profit. It is like a child boasting with his 2+2=4 calculation to a professor who invented a new branch in math. I don't know to laugh or to pity such n00bs. Especially, considering that 90% of the Binance trades are of sums below 0.01 BTC. And even if they make a profit on the first trade, the second will be a loss to devour both their profit and their investment. Patetik and Haaalerius!
Requoted because of utter excellence!https://twitter.com/BakktBot/status/1306115788995260424
Remember the dissapointment of the first day with volume of several bitcoins? Well, this escalated quite fast to the levels of the biggest exchanges! And this is still unnoticed among the other 'hot' news about defi and microshares. Defi is having currently around 100 000BTC locked into smart contracts and rising of course. More and more serious investors and companies are accumulating bitcoins causing a shortage on the spot exchanges. Good times are coming and the bears know it! Of course they will fight desperately between 10K and 20K to be able to buy cheap coins as long as possible. But when the ATH is breached, the real FOMO will start. Then the SEC morons like Jay Clayton will realise that invetstors do not need their approval to invest in Bitcoin. The obstacles they've built are not applied for Bitcoin. Peeps like Clayton and Mnuchin are bastards of the fiat adultery, while we are the true heirs of the only asset that will survive and get stronger with time.
So, are there any knife catchers left trying to gain from 5 min 1-2% drops? They must be completely blinded and not being able to see the big picture. It is funny how such plankton is coming here to boast with a leverage short profit. It is like a child boasting with his 2+2=4 calculation to a professor who invented a new branch in math. I don't know to laugh or to pity such n00bs. Especially, considering that 90% of the Binance trades are of sums below 0.01 BTC. And even if they make a profit on the first trade, the second will be a loss to devour both their profit and their investment. Patetik and Haaalerius!
Now I truly understand what merits are for: they are for me to go back in time and read those excellent posts you guys make.
The Wall Observer rules
Thank you, thank you
Since this post I think one of the main institutional players Grayscale made the difference with its over 500K BTC's. The good thing about it, is that this a closed market, where buyers who don't want to be directly exposed by holding bitcoins can buy and sell. So, more and more such companies accumulate, the bigger will be the supply shortage on the spot market. This had been a sign for a big movement of the price before it actually started. Now, the trend of an increasing shortage continues, which is amazing given the current price. No wonder the dips are so small compared to the usual 40-50% crashes in 2017-2019. The reserve on all exchanges has decreased from 2.8 mil to 2.2 mil BTC's in 7 months. And another important factor IMO - the shorters on Bitmex and Okex got into troubles. Since then I can't remember even 1 bart, while before - each day at least 1 bart. Of course, now they can't do that even if they want. So the serious traders (not high leverage gamblers) can't figure out now who is buying - average USA Joes and firms with paypal, or the institutions, or both? They can't figure out what is the real price, and thus they prefer to hold longer, may be 6-12 months. And this inevitably will lead to even better times with glorious exponential bursts.
