BTCUSDT20240316P69250
Bitcoin / Tether USD Mar 16 2024 69250.00 Put
crypto

Japan’s Metaplanet Surpasses 30,000 BTC with Latest Acquisition

BTC continues to climb…. Long term, so will GME

We need to start start pricing BTC as Sats per dollar, not dollars per Bitcoin.

That sneeze thing gets old. Try "If BTC sniffles..." next.

Some perspective:
It took BTC 234 days (!) of back and forth to finally break through ATH for good
https://imgur.com/a/1j81Jzo
ETH may be experiencing something comparable right now.
https://imgur.com/a/oZtwNtm
Also, remember that ETH was the laggard in every bull cycle

BNB: It’s All in the BTC Ratio

General economy for consumer is bad. On top of it, the people who are native users don't have as much BTC exposure as they should because everyone's chasing the next 100x instead of steady growth from the largest token onchain.

I kept hearing "on-chain metrics" thrown around in crypto circles like everyone knew what it meant. Whale alerts, exchange flows, MVRV ratios.it all sounded impressive but confusing. So I spent two weeks actually learning what this stuff means and testing if it's useful for everyday traders.
What I Tested
I tracked on-chain data using free tools (Glassnode basic tier, Whale Alert) for BTC and ETH over 14 days. My goal: see if these signals could actually improve my entry/exit timing compared to just watching price charts.
I focused on three main metrics:
- Exchange inflows/outflows (money moving to/from exchanges)
- Large wallet movements (whale transactions over $1M)
- Active addresses (network activity levels)
What Actually Happened
Week 1: Saw massive BTC inflow to exchanges (usually bearish). Price dropped 4% the next day. I stayed out saved myself a loss.
Week 2: Whale Alert showed three large ETH transfers to cold storage (bullish whales accumulating). I entered at $2,650. ETH pumped to $2,820 over 5 days.
But here's the kicker: I also got burned. Saw huge exchange outflows (should be bullish) but price still dropped because macro news hit. On-chain data doesn't account for external events.
What I Learned
On-chain data isn't predictive magic. it's context. It shows you what big players are doing, not what price will do tomorrow.
Exchange flows matter most during calm markets when there's major news, fundamentals override on-chain signals every time.
Free tools are enough to start. you don't need $800/month subscriptions. Whale Alert and basic Glassnode give you 80% of what matters.
Combine it with TA, don't replace iton-chain works best when it confirms what your charts are already showing.
My Honest Take
On-chain data helped me avoid one bad trade and catch one good move in two weeks. Not life-changing, but genuinely useful as an extra confirmation layer. It's like having insider info on what institutions are doing legally.
The learning curve is real though. Took me hours to understand what "MVRV ratio" actually means (it's market value vs. realized value helps spot tops/bottoms). But once you get the basics, it's powerful.
Do you track any on-chain metrics? Or does it feel like overkill for most retail traders? Curious if anyone's built a system around This?

Can someone explain to me like I’m 5 why BTC is up yet the government is shut down?

Wild how BTC blasting past 122k and still feels like normies don’t even care yet, lowkey spooky how quiet it is rn

Markets like BTC are always full of surprises, especially after enduring so much volatility. It's precisely this volatility that gives cryptocurrencies their unique appeal. The key lies in navigating these fluctuations and learning from them. But as you mentioned, is BTC starting to become a mature asset? My personal view is that BTC has indeed matured as an asset. Following Trump's second inauguration, most cryptocurrencies have shown growth—even after dips, they rebound quickly. Recently, the awakening of several dormant whales has brought heightened activity to the BTC market, triggering multiple waves of volatility. Observation shows BTC has broken through strongly, now just 0.6% away from its previous all-time high of $124,128 reached on August 14th. Within the last 24 hours, BTC peaked above $123k. I believe the reason retail enthusiasm isn't as frenzied as in 2021 is partly due to BTC's growth and the re-entry of multiple whales and large players into the market.

Crypto is all about hype and narrative. It's value has nothing to do with utility, speed and tech. It's better to heed the warnings of people who have been around for a while than to learn your lessons in crypto losing money.
In August 2024, I warned about KASPA which was pumping on the fast DAG tech, cheap, POW smart contract narrative.
**Kaspa** (August 2024)
> The reality is that if you have:
> - A tightly controlled supply
> - Limited availability and liquidity on big exchanges
> - A narrative the crypto world likes
> You can have relatively new and small marketcap coins that can continue to pump until they reach big marketcaps that are not supported by liquidity. This is exactly why you have all these new meme coins that have pumped. This exactly why you saw a coin like Nano pump to $36 in 2018 when it wasn't available on big exchanges.
> At some point reality will hit. I am not saying that Kaspa can't go much further. **I am saying that at some point it'll be time to pay the piper because Kaspa hasn't pumped based on usage, adoption or utility but rather on narrative, lack of liquidity and a tightly controlled supply.**
https://np.reddit.com/r/CryptoCurrency/comments/1f4hg0v/daily_crypto_discussion_august_30_2024_gmt0/lkp24b0/
This was very similar to the warning I issued about NANO in 2019 which did like 35X in month in January 2018 with the hype narrative of a fast DAG coin, feelessness, tech, etc.
**NANO** (June 2019)
> I really think **Dec-Jan as the perfect storm for Nano**/Raiblocks. Bitcoin had reached the peak of the bullrun and was starting to dump and people were chasing profits in every shitcoin out there with money they had just 15-20X. Also, there was constant press and news about Bitcoin high fees and slow transaction times. Suddenly you have a crypto that has zero fees and is instant. People buy it and the price only goes up because there is zero liquidity due it only being available on 2 shitty exchanges. Lack of liquidity hurts when you dump but can pump the hell out of price when there is demand.....I don't know if/when it'll take off again. But to hold a large percentage of your portfolio **hoping this will suddenly boom like it did in the perfect storm scenario is foolish.**
https://np.reddit.com/r/CryptoCurrency/comments/c1v9or/daily_discussion_june_18_2019_gmt0/erg19v5/
8 years ago, noobs were falling for the tech meme calling Bitcoin a slow dinosaur, not scalable, losing dominance on the way to becoming irrelevant. EVERY SINGLE coin people mentioned here were better than BTC has lost money over 8 years or underpeformed BTC.
> - In 20 years Bitcoin will be to crypto what AOL is now to the internet.
> - Lol—try 3-5 years.
> - I think 20 months tops
> - 20 yrs? Think 2.
> - It' ll happen sooner. The world turns faster constantly. Bitcoin is like a fat, slow dinosaur
> - Agreed. Could be months. The space is wide open for competition. Could def see ETH and BCH taking the crown.
> - Someday people will think that it'd ridiculous to pay fees and wait time to transfer money and they will buy IOTA
> - Companies will not bet on a burning piece of garbage like Bitcoin, and whatever they pick will win. I guarantee it. See: Bosch/IOTA.
> - Hmm your comment has made me think of possibly splitting my portfolio four ways - ETH, IOTA, XRP, REQ.
> - The sad fact is there are coins from 4 years ago that are better than Bitcoin, we don't even need new projects to take leaps forward.
> - Tl;dr I think your bitcoins are going to be about as valuable as your 20 hours of free internet CDs from AOL
> - In 2017 alone, Ethereum, Iota, Ripple, Vertcoin, Monero and Litecoin have all made big moves in terms of tech and adoption. What will 2018 bring? 2019? Will Bitcoin still lumber into 2020?
https://np.reddit.com/r/CryptoCurrency/comments/7kval4/in_20_years_bitcoin_will_be_to_crypto_what_aol_is/

I have a very similar strategy and I also sold some BTC in the low 90s to cover my expenses in the next 4 years. I wasn't sleeping well at night which is a signal for me to sell some and be relaxed about the price again. No regrets, just chill :-)

Been looking into $BITF and it’s not just a Bitcoin miner story anymore. These guys are basically building out digital infrastructure that lines up with two of the most bullish areas, Bitcoin and AI/data centers.
* 14 active data centers across North and South America, running on 410 MW of energized capacity with access to cheap renewable power (mainly hydro).
* They’re aggressively expanding capacity in Paraguay and Quebec. Cheap power = competitive advantage for both BTC mining and hosting future AI/data workloads.
* Data centers are becoming the new oil fields with AI demand exploding. BITF already has the infrastructure and power contracts in place.
* Trading at a fraction of the multiples that other “AI data center” plays are getting. Market still pricing them mostly as a miner.
I think this is a really good play that can pay off bigly... I have 3075 shares at the moment but looking to add more or buy some calls for 2026.

Can you buy property/cars/goods in general with BTC in your area? I sure can't, so the price in dollars matters a lot. If I want use BTC as leverage into my own currency, I'd like to know how much I get.

BTC hit all time high but not a trending topic in X... feels quieter this time.

Well, let’s not contort the arguments.
I did not say “that’s the whole point of bitcoin.”
I said “ that’s the very *incentive*.” IOW, if Country A holds asset X, then the incentive for Country B is attack / destroy the holdings of Country A.
Not to help them out. *Incentive.*.
If China stockpiles BTC, would you suggest the *incentive* for America is to help them out, support their efforts, and make their adversary richer ?

Based on these tokenomics, what are your top 3 coins? besides BTC

95%+ of all trades are bots.
People who program bots and AI bots use historical trends
Historical trends are to dump ETH when BTC goes down
Each time this happens the bots programming is reinforced
It is now a self reinforced, almost guaranteed trade

Did the company want a share of the BTC?