I agree it would cause Coinbase to crash, but their servers and client funds are separate. Your funds would be safe, you would just have to wait it out until the site goes back up. No worries.
Hijacking top level comment to point out that MSTR is now big enough for inclusion in the S&P 500.
[https://www.reddit.com/r/Bitcoin/comments/1b3cms7/microstrategy\_is\_now\_big\_enough\_to\_be\_included\_in/](https://www.reddit.com/r/Bitcoin/comments/1b3cms7/microstrategy_is_now_big_enough_to_be_included_in/)
Some random has been buying 100 bitcoin every hour for the last couple days. This is outside of the ETF.
Edit: I keep getting replies asking for proof. It is already in the replies but just to make it easierā¦
https://bitinfocharts.com/bitcoin/address/1Ay8vMC7R1UbyCCZRVULMV7iQpHSAbguJP
Saylor is selling off 5000 shares of microstrategy daily this year, this nets him from 2-5 million depending on share price. It could certainly be him.
Borrow with company bonds, sell more shares to buy BTC. Run up the price of your personal stock when BTC moons. Proceed to sell company stock and buy more person spot BTC. Legend.
dependent somber fine secretive psychotic absorbed continue dolls cow tie
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Actually, he bought about 1700 btc, yesterday. Today, he bought about 1500 btc till now.
This is the address: [https://bitinfocharts.com/bitcoin/address/1Ay8vMC7R1UbyCCZRVULMV7iQpHSAbguJP](https://bitinfocharts.com/bitcoin/address/1Ay8vMC7R1UbyCCZRVULMV7iQpHSAbguJP)
Well I think you should and I think you should carry an old school 1980s boom box on your shoulder with this just cranked up to max.
https://youtu.be/mj1dd0Kcq8A?si=RNGQN7-5Eg1O1Afh
Thatās the number Iāve heard they want to end up with, not that they have currently. It was a rumor going around a few weeks back but I havenāt heard if it was confirmed or not
Even with as much money as they have, it won't be as simple as just purchasing a single Bitcoin from an exchange. In order for them to accumulate that much, they will be going through multiple parties that want to sell as no one has the liquidity for that. As they try to accumulate, the price will only increase. They have to find the whales willing to part ways with large lump sums, which with the price and popularity increasing will be hard to do.
well if my $38 could turn into 500B I don't know if I would be happy or not.
on the one hand, thats a lot of money. on the other hand I will miss civilization...
[34] And when he had called the people unto him with his disciples also, he said unto them, Whosoever will come after me, let him deny himself, and take up his cross, and follow me.
[35] For whosoever will save his life shall lose it; but whosoever shall lose his life for my sake and the gospel's, the same shall save it.
[36] For what shall it profit a man, if he shall gain the whole world, and lose his own soul?
[37] Or what shall a man give in exchange for his soul?
[38] Whosoever therefore shall be ashamed of me and of my words in this adulterous and sinful generation; of him also shall the Son of man be ashamed, when he cometh in the glory of his Father with the holy angels.
Here it is: [https://bitinfocharts.com/bitcoin/address/1Ay8vMC7R1UbyCCZRVULMV7iQpHSAbguJP](https://bitinfocharts.com/bitcoin/address/1Ay8vMC7R1UbyCCZRVULMV7iQpHSAbguJP)
Kinda spooky too though.. no?
The point of BTC is decentralization and we are heading right back into some of the problems with the current financial system. Wealth inequality.
I mean someone buys etf, they have to go get btc to cover it. This will go on until people start thinking about profit taking and then it will level off. We'll reach an equilibrium point eventually but we're nowhere near it right now.
This last point for sure. Anyone stuck with coins on the exchange will have themselves to blame when those exchanges start doing their effed up little tricks to halt withdrawal.
Edit: grammar
Crystal balls do us no good this time. Too many factors that werenāt present in previous halvings. The ETF is approved, we dump, then get close to the ATH, all within 30 days - nobody was calling for this.
Bring on that 100k candle. Itās entirely within the realm of possibility.
How is this not the beginning of the mass adoption phase that's been discussed since the white paper was first published?
It's not a crystal ball, it's the protocol and human psychology
It is the beginning of that from the Bitcoin as a store of value perspective. Mass adoption by middle and upper class unconsciously as part of their 401k retirements. Conscious mass adoption by corporate and nation states.
It literally is different. How is hard to tell. Different good or different bad, no one knows - but it's different.
Banks, pension funds and institutions have never had easy access to the pure product like they have now with Blackrock/ETF's
Do ETF are based on X shares per BTC? They already have BTC and that price increases too.
Sorry for my ignorance. Somone said: there is no wrong question, only wrong answers
I think the idea is that mass adoption is taking place, and a lot of people want to buy through the ETFs, store it in their 401k or equivalent account or whatever. Every dollar that is sent to an ETF must be bought in Bitcoin and with the ETFs being so new, there's still much more demand than supply or selling pressure. Furthermore, people who buy ETFs usually have a buy and hold strategy, not a lot of people out there day trading ETFs (some, but not a lot).
We donāt know the buyer profile of these ETFs - is it institutional allocator types or is it traders looking to make gains in dollars? We donāt really know this.
Does anyone have a site that tracks the ETFs number of Bitcoin? I know there's that one awesome site that tracks their holdings in $ but I'm curious of the actual number they buy each day. Is the 12x mining supply still accurate cause I feel like that's from weeks ago
Investment answers on YouTube does a good job tracking what the etfs are buying.
Latest video:
https://www.youtube.com/live/fijjNK8AsE8?si=uAcXayap34hlejkn
The ETF's are collectively at .1% allocation of btc vs their total assets under management. 1% allocation is what I'm hearing for their target - so 10x more growth from here or early 2025 to reach that target. Appetite for the risk may be different by that date
We're seeing ~440M daily inflows and it's a pretty strict amount - so I am comfortable prognosticating that amount for another 10months from the ETFs
Iām a little surprised that the price is dropping at all instead of a steady climb. The math is pretty easy to understand. ETFs have to buy real BTC. There isnāt enough BTC being produced to supply the demand. Anyone selling now and hoping to buy back in will inevitably have to pay more for the same stack at a later date. Why would anyone sell unless the absolute had to or they had so much that they wanted to take a small profit now for a much bigger loss of profit days, weeks, months from now?
> Why would anyone sell unless the absolute had to or they had so much that they wanted to take a small profit now for a much bigger loss of profit days, weeks, months from now?
Ever heard of the marshmallow test? This is a perfect example of it at world.
People have all sorts of reasons to sell. For some people they have reached the point where this is life changing money. Why risk it another day if you've met your goals?
I run a retirement calculator. Right now I can hang it all up at 52. Once it drops below 50 I'll start working through liquidating. It will have done what I need it to.
Lots of BTC miners were stacking BTC during low months drawing out supply. They are now releasing them, it's not retail selling.
But yes, supply is getting choked off before the halving, will be interesting post halving when supply is already red lining
This whole thing is going to collapse as fast as it went up. Boomers are not VCs or crypto people, once they get their 2x, they will sell. They want fiat, not BTC. And they're not used to such large returns. They just want to beat the sp500 and buy a boat to retire on.
That is an interesting point that doesnāt get mentioned very often. As time passes, there is a constant transfer of wealth from anti-crypto boomers to their pro-crypto children. When a boomer dies their children cash out their stocks and are way more likely to invest in crypto. This intergenerational shift in investment preferences is going to have a huge impact on price in the future.
The 100k threshold will be an interesting one though. A LOT of OGs consider that to be their sell-point.
An omega candle wouldn't come until long after we get through that barrier.
Exactly. The OG is called an OG specifically because they havenāt sold. I donāt think they gaf if itās 100k or a million. Fiat is all but dead. Thereās very little reason to go in that direction.
Heard that. Iām not even an OG but Iām not selling either. I lived through 08 and nothing has been the same since. I donāt want some bloated bureaucrat robbing me blind every hour of the day. P2P goods and services and fuck those taxes. Iām over it. Print that fiat. Iām selling it for bitcoin
Lol what? What OG could possibly be like "yup been to 20k, then up to 60k before, now ETFs were approved and we're back to 60k again. 100k is probably the top, it'll never go above that, time to sell".
The way I see it is, if you're an OG, you probably have 1000s of BTC. Why not sell a small percentage at 100k to live? Besides, as valuable as it is, you still can't buy just anything with BTC.
I think it use to be a sell point, only with the belief it was random and not sustainable (thatās not saying that no one will sell). With the mainstream visibility and talk of btc being a true store of value, I think itās less likely people dump into fiat, it would only occur when they need it to buy something with that currency (letās say a house or lambo).
Even if itās not a 100k candle, I could imagine a 25k+ green daily candle. There is a 100% chance we see a massive supply shock, and consequently, a god candle, in the next couple months if inflows continue at even half of what they are everyday currently.
Wow. Yea it is fascinating to think that we could see supply and demand dynamics that weāve never seen before. Itās because bitcoin is the only truly scarce asset!
Suddenly when omega candle happens, itāll click in everyoneās mind why bitcoin has value. In the past I donāt think Bitcoinās ever really hit that level where thereās a complete supply shock. Exiting stuff!
You're assuming ETF buys will stay constant. As more people enter BTC, they might rise. But, as prices rise, people holding the ETF will sell, and fewer will buy.
So, who knows?
Not going to happen. Letās be real. Weāll see a smash and grab type of movement and weāll slump back into bear by end of 2025. The more we align to the idea that there are cycles of asset classes which overlap each other, the better off weāll be.
Donāt hate me Iād love to hodl way longer but Iāll need some cash this year. Iāve only ever used coinbase (not for storage of course) but if they are unreliable (due to crashing or holding my funds for a week due to irregular activity) what would be my best way to go about selling some?
Why is the assumption that "mining supply" is the main source going to ETFs? If ETFs are buying "12x the mining supply" isn't it already obvious that mining supply isn't the main factor getting input into ETFs? We're talking about the amount from retail going from 92% to 96%, that doesn't seem quite as significant as you're implying.
You donāt understand halving or supply or buying. ETFs are buying BTC, meaning they have the BTC and will keep accumulating BTC. The only losers out of this are the miners when halving happens. Not the ETFs BTC supply. And the eastern europeans and chinese mafias BTC supply is whatever they have and keep spawning somehow out of ādead walletsā
Yeah BTC will reach a $100K but not cause of your analysis or youtubers analysis. Caus eyour analysis is wrong buddy. Whatever ETFs BTCs have itās not going to disappear when halving happens lmfao. Or Xās BTC fanatics lol
Buddy, BTC has its own Web of people and you aināt one of them.
Inferring that because they buy 12x the mining supply today, they will still buy that much a couple months from now is already the silliest thing Iāve read on here today.
I feel like Iām mostly around insane people on this sub.
Who is driving the ETF buys if not the derivatives market? Won't they just slow or stop buying the same as everyone else because it's obviously overvalued and due for a correction?
If you think BlackRock, Fidelity, etc is going to just hand you ever increasing amounts of cash in some kind of free market Koom-by-ya scenario you have another thing coming.
They will collude to tank the prices.
They will manipulate the exchanges.
They will manipulate their political connections.
They will hire Taylor Swift, LeBrom James, and every other circus under the sun.
They will do anything and everything to get the asset without handing you increased amounts of cash.
And in aggregate, theyāll probably win. Just depends on if youāre still standing after. Itās gonna be an extremely hard road for anyone to survive. Your best bet is probably go live in the forest for a few years.
One more time:
Those institutions are not the ones buying, their clients are. Blackrock, Fidelity, they make money by *managing* these assets investments and charging a fee.
They dgaf if the price is high.
I mean February 24 is looking very likely to be the biggest monthly candle in Bitcoin history, does that not class as an omega candle? 18k in a month is mental, didnāt see this coming.
100k in a day would give me an omega candle, that's for sure.
Is that an Omega candle in your pants, or are just happy to see me
Both
100k an hour or we riot.
I'm more of a MARA guy
Coinbase crashed when Bitcoin went up like 4K in one day. No way they could handle a 100k candle
I agree it would cause Coinbase to crash, but their servers and client funds are separate. Your funds would be safe, you would just have to wait it out until the site goes back up. No worries.
My funds are already safe in cold storage. Idgaf about what happens to Coinbase servers š
Then why do you gaf about Coinbase period, Lol.
We need coinbase to stay up to create this mother of all candles.
Because we like the stock
If you are leaving your coins on coinbase you have plenty to worry about.
not your keys, not your coin
if i leave my coins in my own wallet how would i sell it quickly if the price goes up
Max Kesier called this the āgod candleā, fuck the moon shits going to heaven
Hijacking top level comment to point out that MSTR is now big enough for inclusion in the S&P 500. [https://www.reddit.com/r/Bitcoin/comments/1b3cms7/microstrategy\_is\_now\_big\_enough\_to\_be\_included\_in/](https://www.reddit.com/r/Bitcoin/comments/1b3cms7/microstrategy_is_now_big_enough_to_be_included_in/)
Yep OP needs to stahp, I can only get so hard
Word
Some random has been buying 100 bitcoin every hour for the last couple days. This is outside of the ETF. Edit: I keep getting replies asking for proof. It is already in the replies but just to make it easierā¦ https://bitinfocharts.com/bitcoin/address/1Ay8vMC7R1UbyCCZRVULMV7iQpHSAbguJP
dca lol
Can imagine the conversion lol 'You dca weekly? Pleb I dca hourly' š
Oh how much? 100. Sats? Nah coins.
Amateurs, I'm dcaing minutely (like decaying but opposite)
Hca?
I swear, I think itās the Walton family. I read an article a few days ago that said they had cashed out a bunch of Walmart stock.
I'm a Walton and just threw in 100. Not a Walmart though
Luke Walton?
Zat u John Boy?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Saylor is selling off 5000 shares of microstrategy daily this year, this nets him from 2-5 million depending on share price. It could certainly be him.
Borrow with company bonds, sell more shares to buy BTC. Run up the price of your personal stock when BTC moons. Proceed to sell company stock and buy more person spot BTC. Legend.
Bezos just sold $8B+ of Amazon too
I wish I could casually cash out 8 billion of stocks to throw into bitcoin
I'd be absolutely fine with just $5 million.
dependent somber fine secretive psychotic absorbed continue dolls cow tie *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
I thought it was 100 btc 3x a day. Yesterday they bought like 800 though
Actually, he bought about 1700 btc, yesterday. Today, he bought about 1500 btc till now. This is the address: [https://bitinfocharts.com/bitcoin/address/1Ay8vMC7R1UbyCCZRVULMV7iQpHSAbguJP](https://bitinfocharts.com/bitcoin/address/1Ay8vMC7R1UbyCCZRVULMV7iQpHSAbguJP)
Jesus they are buy almost 2x the daily supply before the etfs even have a chance!
yeap! Supply shock incoming!
Oh goody maybe it will start keeping up with my rent
You guys have a home?
A true bitcoiner lives in a cardboard box because they sold their house for Bitcoin
>Unspent outputs: 573 He will be fucked with that amount of UTXOs when the fees go wild ^/s
Looks like he has been buying since 2022 He also sells occasionally
Which begs the question. Why is this alleged individual re-using the same public address over and over?
Itās an exchange
Because it doesn't matter if they don't care about privacy/tracking. Could be a country. Could be a company
Yesterday he bought 100btc 15x
There's some rumours coming from Snowden that a nation is buying.
Pffff El Salvador doesn't even hide it!
russia
could be a sovereign wealth fund. qatar Ā was rumoured to buy 500 billion in btc.Ā
billion? thats half of all Bitcoin
Yes. Yes it is. I don't know what that candle will look like but I might not show up to work the next day.
Well I think you should and I think you should carry an old school 1980s boom box on your shoulder with this just cranked up to max. https://youtu.be/mj1dd0Kcq8A?si=RNGQN7-5Eg1O1Afh
Well I just found a new theme song
I play it more than Iād care to admit
yup billion (gestures pinky to lips)
Thatās the number Iāve heard they want to end up with, not that they have currently. It was a rumor going around a few weeks back but I havenāt heard if it was confirmed or not
Even with as much money as they have, it won't be as simple as just purchasing a single Bitcoin from an exchange. In order for them to accumulate that much, they will be going through multiple parties that want to sell as no one has the liquidity for that. As they try to accumulate, the price will only increase. They have to find the whales willing to part ways with large lump sums, which with the price and popularity increasing will be hard to do.
Right. I agree.
well if my $38 could turn into 500B I don't know if I would be happy or not. on the one hand, thats a lot of money. on the other hand I will miss civilization...
Google search just now came up $475B fund size for QatarĀ
That's like $150,000,000 a day. Has to be a nation state?
Snowden said a nation will later this year announce they have been buying Bitcoin.
Maybe bezos?
[34] And when he had called the people unto him with his disciples also, he said unto them, Whosoever will come after me, let him deny himself, and take up his cross, and follow me. [35] For whosoever will save his life shall lose it; but whosoever shall lose his life for my sake and the gospel's, the same shall save it. [36] For what shall it profit a man, if he shall gain the whole world, and lose his own soul? [37] Or what shall a man give in exchange for his soul? [38] Whosoever therefore shall be ashamed of me and of my words in this adulterous and sinful generation; of him also shall the Son of man be ashamed, when he cometh in the glory of his Father with the holy angels.
Where is there proof of this? Id love to see the wallet
Here it is: [https://bitinfocharts.com/bitcoin/address/1Ay8vMC7R1UbyCCZRVULMV7iQpHSAbguJP](https://bitinfocharts.com/bitcoin/address/1Ay8vMC7R1UbyCCZRVULMV7iQpHSAbguJP)
That is surreal
Its insane.. He is an ETF alone..
Kinda spooky too though.. no? The point of BTC is decentralization and we are heading right back into some of the problems with the current financial system. Wealth inequality.
Bitcoin does not solve wealth inequality. That was never the intention either
It does solve the rich eating the wealth of the poor through inflation, though. So it does have a tiny positive effect on inequality in that sense.
I wouldn't call that tiny, most of the economic problems today stem from wealthy people getting wealthier because of printable fiat money.
Being in a single address makes me think itās a government owner.
South Korea gov maybe?
Almost all purchases made through Upbit, for what itās worth. A South Korean exchange.
Probably Kim Jung Un using ExpressVPN. I believe he used Ben Shapiroās promo code to save 5% on ExpressVPN.
Ha ha the "[hide < $100 transactions](https://bitinfocharts.com/bitcoin/address/1Ay8vMC7R1UbyCCZRVULMV7iQpHSAbguJP-nodusting)" button!
Like Snowden said. Probably a a nation state most likely China.
Fine I'll buy more
Jeez alright ill join you
Dont tell my wife
never thought of the etfs having to outbid each other. gonna get š¶ļø
I mean someone buys etf, they have to go get btc to cover it. This will go on until people start thinking about profit taking and then it will level off. We'll reach an equilibrium point eventually but we're nowhere near it right now.
We are always at an equilibrium.
š
Omega š
[ŃŠ“Š°Š»ŠµŠ½Š¾]
This last point for sure. Anyone stuck with coins on the exchange will have themselves to blame when those exchanges start doing their effed up little tricks to halt withdrawal. Edit: grammar
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Crystal balls do us no good this time. Too many factors that werenāt present in previous halvings. The ETF is approved, we dump, then get close to the ATH, all within 30 days - nobody was calling for this. Bring on that 100k candle. Itās entirely within the realm of possibility.
How is this not the beginning of the mass adoption phase that's been discussed since the white paper was first published? It's not a crystal ball, it's the protocol and human psychology
It is the beginning of that from the Bitcoin as a store of value perspective. Mass adoption by middle and upper class unconsciously as part of their 401k retirements. Conscious mass adoption by corporate and nation states.
"this time is different"
Certainly is different with Bitcoin etfs. Whatās impact tougher to predict in IMHO
"institutions are here"
Sky and sun too crazy guy
It literally is different. How is hard to tell. Different good or different bad, no one knows - but it's different. Banks, pension funds and institutions have never had easy access to the pure product like they have now with Blackrock/ETF's
Do ETF are based on X shares per BTC? They already have BTC and that price increases too. Sorry for my ignorance. Somone said: there is no wrong question, only wrong answers
Not to burst your bubble. But ETFs can also sell. People holding ETFs can choose to sell and your math will invert.
I think the idea is that mass adoption is taking place, and a lot of people want to buy through the ETFs, store it in their 401k or equivalent account or whatever. Every dollar that is sent to an ETF must be bought in Bitcoin and with the ETFs being so new, there's still much more demand than supply or selling pressure. Furthermore, people who buy ETFs usually have a buy and hold strategy, not a lot of people out there day trading ETFs (some, but not a lot).
We donāt know the buyer profile of these ETFs - is it institutional allocator types or is it traders looking to make gains in dollars? We donāt really know this.
Does anyone have a site that tracks the ETFs number of Bitcoin? I know there's that one awesome site that tracks their holdings in $ but I'm curious of the actual number they buy each day. Is the 12x mining supply still accurate cause I feel like that's from weeks ago
Investment answers on YouTube does a good job tracking what the etfs are buying. Latest video: https://www.youtube.com/live/fijjNK8AsE8?si=uAcXayap34hlejkn
Yesterday it was around 345k across the 9 spot ETFs (excluding GBTC which holds around 400k). Can check updates figures in a bit
https://buybitcoinworldwide.com/treasuries/grayscale/
What does this mean for someone who holds ETFs, say iBit for example?
Number go up
I wish people had enough diamond hands to make this happen, but retail people will sell lol
As retail sells, institutional is hoovering it up
I really tried, but they offered me a million per coin, and I was hungry. I don't have the strength to hold our til a billion per coin. 2025
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Demand will eventually drop but my base case is that we're just entering a hype cycle so it'll be a while before that happens.
^ This guy ate the marshmallow before the researcher even opened the bag.
Siri whatās 1% of 36 trillion?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Weāve only seen $7 billion go into BTC ETF so far https://farside.co.uk/?p=997
Your forgetting that the ETF is being embedded in other funds. These volumes always go up because m2 supply always goes up.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
[ŃŠ“Š°Š»ŠµŠ½Š¾]
The ETF's are collectively at .1% allocation of btc vs their total assets under management. 1% allocation is what I'm hearing for their target - so 10x more growth from here or early 2025 to reach that target. Appetite for the risk may be different by that date We're seeing ~440M daily inflows and it's a pretty strict amount - so I am comfortable prognosticating that amount for another 10months from the ETFs
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Iām a little surprised that the price is dropping at all instead of a steady climb. The math is pretty easy to understand. ETFs have to buy real BTC. There isnāt enough BTC being produced to supply the demand. Anyone selling now and hoping to buy back in will inevitably have to pay more for the same stack at a later date. Why would anyone sell unless the absolute had to or they had so much that they wanted to take a small profit now for a much bigger loss of profit days, weeks, months from now?
> Why would anyone sell unless the absolute had to or they had so much that they wanted to take a small profit now for a much bigger loss of profit days, weeks, months from now? Ever heard of the marshmallow test? This is a perfect example of it at world.
People have all sorts of reasons to sell. For some people they have reached the point where this is life changing money. Why risk it another day if you've met your goals? I run a retirement calculator. Right now I can hang it all up at 52. Once it drops below 50 I'll start working through liquidating. It will have done what I need it to.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Fuck; this makes me horny.
Stop repeating click bait headlines from tabloid bitcoin magazines quoting Samson mow
Hold up, need clarification. Which is greater: Omega candle, or God candle?? Too much Moon jargon these days.
Maximum hopium
Lots of BTC miners were stacking BTC during low months drawing out supply. They are now releasing them, it's not retail selling. But yes, supply is getting choked off before the halving, will be interesting post halving when supply is already red lining
If nobody sells under a million the price will be a million tomorrow.
This whole thing is going to collapse as fast as it went up. Boomers are not VCs or crypto people, once they get their 2x, they will sell. They want fiat, not BTC. And they're not used to such large returns. They just want to beat the sp500 and buy a boat to retire on.
Most boomers are about to die
That is an interesting point that doesnāt get mentioned very often. As time passes, there is a constant transfer of wealth from anti-crypto boomers to their pro-crypto children. When a boomer dies their children cash out their stocks and are way more likely to invest in crypto. This intergenerational shift in investment preferences is going to have a huge impact on price in the future.
You think the fomo and momentum is being propped up by retail boomers? lol
The 100k threshold will be an interesting one though. A LOT of OGs consider that to be their sell-point. An omega candle wouldn't come until long after we get through that barrier.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Exactly. The OG is called an OG specifically because they havenāt sold. I donāt think they gaf if itās 100k or a million. Fiat is all but dead. Thereās very little reason to go in that direction.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Heard that. Iām not even an OG but Iām not selling either. I lived through 08 and nothing has been the same since. I donāt want some bloated bureaucrat robbing me blind every hour of the day. P2P goods and services and fuck those taxes. Iām over it. Print that fiat. Iām selling it for bitcoin
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Lol what? What OG could possibly be like "yup been to 20k, then up to 60k before, now ETFs were approved and we're back to 60k again. 100k is probably the top, it'll never go above that, time to sell".
The way I see it is, if you're an OG, you probably have 1000s of BTC. Why not sell a small percentage at 100k to live? Besides, as valuable as it is, you still can't buy just anything with BTC.
No one here has 1000ās of BTC
Pretty sure the selling point is a lot higher now or non existent.
I think it use to be a sell point, only with the belief it was random and not sustainable (thatās not saying that no one will sell). With the mainstream visibility and talk of btc being a true store of value, I think itās less likely people dump into fiat, it would only occur when they need it to buy something with that currency (letās say a house or lambo).
Ah it was 100k when I bought but times have changed and 100k would barely scratch the sides these days...
Even if itās not a 100k candle, I could imagine a 25k+ green daily candle. There is a 100% chance we see a massive supply shock, and consequently, a god candle, in the next couple months if inflows continue at even half of what they are everyday currently.
When other ETFs around the world see how much American ETFs are making in fees, oh boy š
A lot of other countries already have them lol And I don't think many markets can even compare to the USA, it's massive
I'm not sure how I would feel about a $100k candle to be completely honest.
Wow. Yea it is fascinating to think that we could see supply and demand dynamics that weāve never seen before. Itās because bitcoin is the only truly scarce asset! Suddenly when omega candle happens, itāll click in everyoneās mind why bitcoin has value. In the past I donāt think Bitcoinās ever really hit that level where thereās a complete supply shock. Exiting stuff!
Taking my badboys to the grave RIP ETERNAL BURN
Omega candle. New bullrun, new slang.
You're assuming ETF buys will stay constant. As more people enter BTC, they might rise. But, as prices rise, people holding the ETF will sell, and fewer will buy. So, who knows?
Wait til nation states/sovereign wealth funds start buying. Oman, Ethiopia, and Russia already mine Bitcoin
Dumb question, should I invest in Bitcoin or Bitcoin etf??
Not going to happen. Letās be real. Weāll see a smash and grab type of movement and weāll slump back into bear by end of 2025. The more we align to the idea that there are cycles of asset classes which overlap each other, the better off weāll be.
Donāt hate me Iād love to hodl way longer but Iāll need some cash this year. Iāve only ever used coinbase (not for storage of course) but if they are unreliable (due to crashing or holding my funds for a week due to irregular activity) what would be my best way to go about selling some?
You guys are far too bullish and it's scaring me
rain plate merciful icky ugly exultant far-flung bedroom boat bake *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Imagine leveraging $1k at 100x the day the God candle spawns... Who needs meme and alt coins anyways
Places sell orders for $500k Let the supply shock happen
I'll sell them one BTC for $1,000,000,000. Thats my final offer.
Why is the assumption that "mining supply" is the main source going to ETFs? If ETFs are buying "12x the mining supply" isn't it already obvious that mining supply isn't the main factor getting input into ETFs? We're talking about the amount from retail going from 92% to 96%, that doesn't seem quite as significant as you're implying.
Economic behavior in action....
I mean one ETF is selling to the others....
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Bezos just sold 2b worth of amazon..you never know he might be one of the buyers
Sounds like BS, but ok. I'll continue to calmly hold.
When Rolex candle?
The Halvening usually doesnāt impact for four or five months. Of course, this time could be different.
Mara sold half their BTC for operational costsā¦
Retail is not selling. Retail sell when there is bad news. There are no bad news at the moment.
yeah, because there will be no slowing down and money will flow into ETFs like this forever...
You donāt understand halving or supply or buying. ETFs are buying BTC, meaning they have the BTC and will keep accumulating BTC. The only losers out of this are the miners when halving happens. Not the ETFs BTC supply. And the eastern europeans and chinese mafias BTC supply is whatever they have and keep spawning somehow out of ādead walletsā Yeah BTC will reach a $100K but not cause of your analysis or youtubers analysis. Caus eyour analysis is wrong buddy. Whatever ETFs BTCs have itās not going to disappear when halving happens lmfao. Or Xās BTC fanatics lol Buddy, BTC has its own Web of people and you aināt one of them.
Inferring that because they buy 12x the mining supply today, they will still buy that much a couple months from now is already the silliest thing Iāve read on here today. I feel like Iām mostly around insane people on this sub.
Just DCAād another $38.88
There is potential for $250k Bitcoin within 6 months. Selling now is not wise.
HODL on!!!
Who is driving the ETF buys if not the derivatives market? Won't they just slow or stop buying the same as everyone else because it's obviously overvalued and due for a correction?
Maybe a stupid question, but is it possible there will come a time that there isn't any BTC to sell?
Everyone has a price
No. Bitcoin is infinitely divisible.
A few guys at work sold a few weeks back and were relieved to get their money back from the last cycle. I suspect there are many of this type of bozo
Things are getting too spicy for the pepper
If you think BlackRock, Fidelity, etc is going to just hand you ever increasing amounts of cash in some kind of free market Koom-by-ya scenario you have another thing coming. They will collude to tank the prices. They will manipulate the exchanges. They will manipulate their political connections. They will hire Taylor Swift, LeBrom James, and every other circus under the sun. They will do anything and everything to get the asset without handing you increased amounts of cash. And in aggregate, theyāll probably win. Just depends on if youāre still standing after. Itās gonna be an extremely hard road for anyone to survive. Your best bet is probably go live in the forest for a few years.
One more time: Those institutions are not the ones buying, their clients are. Blackrock, Fidelity, they make money by *managing* these assets investments and charging a fee. They dgaf if the price is high.
I mean February 24 is looking very likely to be the biggest monthly candle in Bitcoin history, does that not class as an omega candle? 18k in a month is mental, didnāt see this coming.
There are millions of BTC circulating. The mining supply doesn't matter.
I wont sell unless btc hits 10mm