Willy Woo
@willywoo
I do numbers, mainly #Bitcoin# related. I only post here, all other channels including Telegram are scams.
338 Following 1.2M Followers
Sobering numbers
1.57M BTC lost via self custody
1.51M BTC lost on exchanges
PSA to Kiwi Bitcoiners, one of my portfolio companies Stacked (formerly LightningPay) is giving away $20 of BTC to people who sign up to stack sats. It's hands down the easiest way for Kiwis to stack BTC in NZ.
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PSA to Kiwi Bitcoiners, one of my portfolio companies Stacked (formerly LightningPay) is giving away $20 of BTC to people who sign up to stack sats. It's hands down the easiest way for Kiwis to stack BTC in NZ.
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The next test for BTC is cleanly breaking the cost basis of recent investors (79k).
I give it 30% odds on doing this on this attempt. After that, if BTC manages to hold this price level above 65k and not break down, then the chances of a structural bottom increases significantly.
BTC is currently attempting a bottom, but all the pieces are not yet in place, the next 3-6 weeks will be telling.
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3 things happen at the end of bear markets.
1) price cleanly breaks the cost basis of recent investors (circles).
2) idle smoking of hopium gives way to rabid clicking of the BUY button chasing the price
3) this raises the cost basis (red line transitions to green)
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3 things happen at the end of bear markets.
1) price cleanly breaks the cost basis of recent investors (circles).
2) idle smoking of hopium gives way to rabid clicking of the BUY button chasing the price
3) this raises the cost basis (red line transitions to green)
Show more
12 YR TREND BROKEN.
BTC should be a valued a LOT HIGHER relative to gold.
Should be. IT'S NOT.
The valuation trend broke down once QUANTUM came into awareness.
Don't read this post if you want to stay high on hopium instead of seeing things as they are.
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