BTCUSDT20241227P60000
Bitcoin / Tether USD Dec 27 2024 60000.00 Put
crypto

Not panicking but doubtful of a thesis... In my world view where BTC is the best store of value it should not be 60k today...

PMI chart isn’t really relevant to our purpose. Hedgefunds are short small caps and basket stocks, and periodically they have to reposition their portfolio and derivative book. Last time (Sneeze) they would have blown up without the buy button removal. As far as BTC Dominance goes, when we have a bearish cross and downtrend it signals ALT season, cryptos other than BTC outperform and massive liquidity floods into the crypto market. We saw this during the sneeze too.

Funny thing about Strategy $Strc they sold some BTC...price drops and they buy double...

Recently AI cracked long intractable mathematical proof that it evaded the world's best mathematicians for many decades. It is not impossible, maybe not improbable, that AI or Quantum computing in the not distant fiture solves/hacks now secure storage and/or transmission mechanisms of digital currency. That reality is part of the new math and pricing for BTC.
https://www.wsj.com/tech/ai/ai-math-solves-erdos-problem-openai-c4029e84?st=ZMAHcx&reflink=desktopwebshare_permalink

I'm all for hopium, but that guy is delusional if he thinks that some LTHs haven't been selling. 
Wallets holding between 10 and 10,000 BTC collectively sold about 45,000 coins in the past week alone.

You buy BTC now, it’ll 2x in a few years. As simple as that.

Idk why I keep doing those BTC price every 15 minute prediction markets. I know it’s rigged

Whatever makes the masses think it's a good idea. After all, somewhat >1 million BTC have been already taken out of the hands of short-term investors during the last bull run. Should get easier from here.

I did a quick search for PMI and IWM, I don't think I understand enough to see the macro. Could I bother you to explain those and the BTC Dominance?

BTC's next halving is in April 2028. I'd say crypto will be ripe for accumulating in mid 2027, since the affects of the halving typically start to kick off 6-12 months after the block rewards are cut in half and scarcity starts to kick in. MON, ZCASH, SOL, are my bets for the best returns. The halving has historically seen new BTC highs, though last halving had a series of event that catapulted it to $126K such as the BTC ETF and Trumps pump. It will be interesting if the next halving can propel BTC to a new ATH without other catalysts, though I'm rather skeptical about that. But, I've never been right about shit anyways.

The Wave 1 and Wave 2 grifters have left crypto for AI leaving only dormant wallets and Boomers as the sole holders of the BTC asset class. When Microstrategy has to sell to pay the Boomers their dividends the whole enchilada is gonna implode. 

This doesn’t show BTC falling below the 200ma to 58.028 which is significant! It didn’t hold support at 60k - that’s a problem and it will need to test 57k then 53k

The stock market always takes the lead in risk assets though. When have you ever seen Bitcoin go up before the stock market does? Usually the money that flows into BTC comes from other 'risk assets' like stocks. Outflows from crypto usually go towards cash to pay debt. It's not normal that people take company sized loans to buy btc. The big money always comes from growth in the stock market

Microstrategy's basic mNAV is at 0.58, and their shareholders are tired of being diluted.
Now that enterprise mNAV has dropped below 0.99, they're running out of excuses for not selling BTC. I'm expecting a large BTC sale next month.

stop with the fcking charts already. they mean nothing. BTC will be worth millions each.

Yes, since demand for tx is soooo incredible low that we could- However not many could send coins at the same time. If 1% of the population makes a single tx BTC is clogged for 200 days.

Real. I had to make a rule that rent and food money never enters the sat calculator. Whatever is left goes into BTC, and the small bit I keep on Nexo is set to earn in BTC too. Keeps me from becoming a full ramen monk every month.

Nvidia doesn't care about gaming really and AI will be pushing gaming industry to the edge. Steam with their box already had to rise prices. Even the new console cycle and GTA release doesn't mean gaming will be on the rise. BTC is also likely to go lower towards the end of the year.

Pretty pathetic price action for BTC if this is supposed to be a bounce from the recent dump
Considering we're sitting at YTD lows, you can either view this as "that $58k floor looks damn solid!" or "the last wimpering death rattles before heading down below $58k"

Not fully regarded move, if you believe in BTC cycle still working. Can totally see crypto bros calling this a bottom and yoloing life savings. Also, Binance is losing all of Europe as not willing to comply. Someone is going to get a few new customers.