GM

Get another

Morning Granny

The state the world is in is sad. Just sad.

What you mean ?

The realization… #bitcoin

While a critical problem in our society, I think most people are focused on personal affordability problems. Would likely get traction if you highlighted how the system is set up to keep people coming back and how it an elaborate way for private prisons to extract maximum dollars from the state and it see prisoners as a commodity that should be grown like corn and not healed and rehabilitated and the returned to contributing members of society.

Bitcoin's price fluctuates around $90,000, with block updates showing consistent mining fees. Despite a current Fear & Greed Index of 23 indicating extreme fear, discussions in the Bitcoin community remain vibrant, emphasizing education and the cryptocurrency's potential for freedom. #Bitcoin #studybitcoin

Couple things today:

Lots of adoption and on chain news to digest through

Let’s skip all that for fundaments

Hash Rate is 1.01 ZHs most secure the network has ever been, in 2021 at ath price Hashrate was 185 EHs….

Exchange supply is lower, more custodied on exchange wallets as well, hard metric to get accurate but falling nonetheless

#bitcoin price…. Remember price is a reflection of Marketcap and Marketcap is made up of Market orders

Aka the order book

If your exchange doesn’t have an orderbook, it doesn’t add to the Marketcap, you’re doing the scarcity option

Binance and Bybit have the order books nicely monopolized with price oracles owned by Binance, Coin Marketcap is owned by Binance, bitfinex also have an orderbook hence why whales play games there

What does not add to Marketcap is:

Saylor

ETFs

You

Me

Companies

Sovereign funds and alike

Trust me, a billionaire isn’t opening the bybit app and sending tether to the platform to buy bitcoin at multiple prices and play the retail market

They’re buying off chain and not effecting the Marketcap

Liquidity is piling in at about 92k…. And there isn’t enough bitcoin to service that price

Marketcap buys are inevitable as last case resort

If you want bitcoin, as we saw Metaplanet do a couple months back, they had to buy 5k above spot, which then we moved up to 126k shortly after

Just remember your buys don’t effect price directly if not on order book

Your buys affect the price VIOLENTLY…. Your job is: make Bitcoin scarce

Make it hard to buy

You’re against the finest investors on the planet now wanting what you have at a poultry 92 k

The world is going on chain right now

Marketcap buys become the only option

I have no idea who still 100 x longs and shorts, but holy fukkwow the gambling community have tonnes of free cash…. And they’ve been losing all year, it’s endless the amounts of 100 x they can do…. This is whales only way to manipulate

Soon there isn’t enough bitcoin to bet on….. now that’s a fun one… that has to be a multiplier

Do you really think that every immigrant who came to the US during the gold rush cleared customs at the port of NY and applied for residency?