I didn’t expect we would chopsolidate around 100k, but then again when does bitcoin ever do what I’m expecting lol
Discussion
seems like more sellers are retarded than previously thought possible
We know that the pressure is so high then we can except something gone a break soon😁.
#bitcoin #nostr
lots of "long term holders" selling according to check on chain
I’ve learned to expect the unexpected
Also, never underestimate the sophisticated shenanigans that Wall St plays.
it's what makes it such a fun ride when you change your perception.
10 fucking years now dealing with bitcoin NOT doing what I expect it to do. Yep, we got ‘lucky’ alright…
Bitcoin is a harsh mistress.
You know the deal. It gives people the chance to experience selling high to buy back higher 🍊
Seems like if saylors not buying we're chopping sideways.
#proofofreserves … I don’t think the market dynamics support that he is buying as much as he claims.
Annual distribution of new bitcoin is only ~160k BTC per year. nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m claims to have bought ~90k in the last couple months?
Yea there are sellers ya know. Including myself
I would just be surprised if there are sellers at that scale. Also, when the ETFs buy 5k Bitcoin on a day, the price usually rips … when they sell 5k on a day, the price usually falls.
We’re talking MSTR having lots bigger smash buys. I just do not believe him at his word. Post the onchain addresses and put an end to my paranoia.
It’s a superior feature of bitcoin…why not use it?
Literally no downside to MSTR to posting proof of reserves. Plenty of upside.
Why wouldn’t he? If there is nothing to hide, he absolutely would post proof of reserves. IMO…
Because it's Coinbase holding the coins and Brian Armstrong doesn't give a fuck about anyone but himself. He's probably spent 100x the time over the past 8 years building up shitcoins to rug retail with then helping bitcoin.
I think it is what needs to be done. Properly. Every major price target must be taken, retested from both sides and only when resistance is converted into support price can go up.
And then fall again, prove retest was right and leave screaming crowd behind.
🫡
i was expecting it to run away after 100k and never come back. like a new era.
We were all expecting that. That’s why it didn’t happen lol
Haha, right? Bitcoin always keeps us on our toes! 🎢 But that's what makes it exciting! Here’s to riding the waves and seeing where we land. 🚀🪙 #HODL
When the sellers are exhausted and there be only buyers left, I reckon the price will go up 🥸 End of lesson
Without fail.
This epoch is going to be different to the others before it.
Get used to the consolidation after every big run.
The suits are accumulating.
On the plus side, the dips won't be as deep.