Quote from: WatChe on November 28, 2022, 05:14:07 AM

Quote from: philipma1957 on November 28, 2022, 12:15:40 AM

Grabbed a piece today on top of the dca .
, dca is on friday.

A right move at the right time.
Good luck.

I don't know about that.

You gotta take the whole thing into account, and I really doubt that we have enough information for that.

Quote from: Rehan Zakir on November 28, 2022, 04:05:24 PM

Bitcoin millionaire wallets drop 80% in year of BTC price bear market

Well? If we are talking about entry-level millionaire status at spot price, then that would have been around 14.5 BTC when the BTC price was $69k, and currently entry level millionaire status, at spot price would be around 62.5 BTC..

Sure, there are some other ways to measure millionaire status besides merely looking at spot price - and then there are ways to consider the same question of the BTC price in March 2020 got down to $3,850, so spot price millionaire status would have been around 260 BTC at that time.

And in that regard, the entry level millionaire in March 2020 may well have gotten up to nearly $18 million in November 2021, but now that same person with around 269 BTC would merely be at $4.3 million currently...

So, yes a lot of fluctuation - especially for someone who just HODLs the same quantity of BTC and does nothing besides HODL them.. which well might be a pretty rare person... though there are quire a few of us who do some variation that largely amounts to mostly accumulate and HODL... but not easy to speak for everyone or to overly generalize.

Quote from: Rehan Zakir on November 28, 2022, 04:05:24 PM

In yet another indication of how far the crypto market has fallen since Bitcoins last all-time highs,

Why is "the crypto market" relevant?

Quote from: Rehan Zakir on November 28, 2022, 04:05:24 PM

Bitcoin millionaires have been seriously feeling the pinch.

Fair enough.

Quote from: Rehan Zakir on November 28, 2022, 04:05:24 PM

Glassnode, which tracks multiple cohorts of BTC wallets, confirms that as of Nov. 25, there were 23,245 with a balance worth over $1 million.

Contrast that with the scene from Nov. 8, 2021, when the tally hit its peak as BTC/USD approached its latest $69,000 all-time high then, there were 112,898 millionaire wallets.

Sounds like a BIG SO WHAT? to me.

Quote from: Rehan Zakir on November 28, 2022, 04:05:24 PM

Information source: https://cointelegraph.com/news/bitcoin-millionaire-wallets-drop-80-in-year-of-btc-price-bear-market

Another BIG SO WHAT? Without some kind of context, or point, that's not really saying anything.

Quote from: Inwestour on November 28, 2022, 04:24:04 PM

Quote from: Hueristic on November 27, 2022, 08:00:47 PM

The point is CZ is a snake and he is trying to show how all funds are safu with sleight of hand akin to craig wrong signature scam.

CZ is the one who started all this your funds are not backed that started the dominos and as I pointed out a few days earlier he had this all ready to go while he tried to goad armstrong into calling him out.

But Jesse Powell (Kraken CEO) is not a fool and a true cypherpunk Idealist who has had his books open and audited for years is calling him out on his little maneuvers.

I do agree it is cool to see some info being provided but now is the time to pressure that snake into FULL Disclosure.

Especially since he is the one who started it and apparently thinks he has all his dominos lined up.
https://www.youtube.com/watch?v=DelF6zEHXpE

It is obvious that he prepared well for this since he started it all himself, but his problem is that CZ considers himself too smart and therefore started a game in which he may not be able to survive. I see in him only cunning and greed, and these are not the best character traits. He wants to show a beautiful picture in which everyone would believe, but there are many people who are smarter than him and see and understand everything. Yes, he is cunning and perhaps he will cause a lot of trouble to everyone who trusts to his exchange, but he is definitely not smarter and hi will need to answer for every act.

From what are you basing your information? Have you ever seen or heard an interview with CZ? I doubt that he is even close to as evil as you are making him out to be.

Quote from: Toxic2040 on November 28, 2022, 07:36:06 PM

the noon wall report at 11:36am

ahead one third...take those combers on the bow lads
see what other flotsam washes ashore this week
likely to see increasing volatility imho

dyor

D

W

stronghands

I thought that we already had three capitulations.

In your first chart, above, you are talking about a fourth one.. not a third one. Tongue

Even though you are not showing it.. like I am describing it.

Like this:

1st capitulation from upper $30ks to lower $30ks

2nd capitulation from upper $20ks to lower $20ks.

3rd capitulation... from $20k-ish down to $15.5k.. so far...

You are expecting that a 4th capitulation down to $11.9k-ish could happen.. - it appears... Cry