Who is selling at $40K? I have a hunch... We know the sellers are whales from the stabbing price action. We know they're sitting at 40K, and we know that's twice the size of 20K. Based on this, my guess is that the sellers are the hedge funds that ...

The 2021 Bitcoin supply shortage

I got some lines in the water...

The 2021 Bitcoin supply shortage

One thing has become clear... we got sellers at $40K!!! image Meaning, we might not make it to $50K for a while. The fight to break $40K will probably look something like the fight for $20K... image

The 2021 Bitcoin supply shortage

Interesting that it's the first thing we ever both liked. You've come a long way since your XRP days.

BSV mystery buyer doubles market cap

Just thinking here, how can one truly understand Bitcoin if they don't know that Craig Wright is Satoshi? And how long will it take for the hedge funds to figure it out?

BSV mystery buyer doubles market cap

Buckle up we're back on the gas!!!

The 2021 Bitcoin supply shortage

If the Skybridge Chairman says it, must be right! image It's been a mixed bag since I said that^. I definitely wouldn't say the rally is over, but it does feels like we're getting near the top. Just look at this volatility! We're ...

The 2021 Bitcoin supply shortage

Took a nice bounce off $30K. image The next couple days will say a lot about this rally. If we go right back to $40K it's back to the supply shortage model... but if it hangs around $35K, or goes lower, that probably means the rally is over and ...

The 2021 Bitcoin supply shortage

I think this $33K price level blows a hole in the supply shortage theory. image I'm feeling lucky that I was able to sell some in the 40's.

The 2021 Bitcoin supply shortage

Looks like it was just a mid-sized buyer, buying around 5,000 coins in a tight window. Price will probably settle back down. Not the rally we've been waiting for, but we'll take the blip.

BSV mystery buyer doubles market cap

Or not.

BSV mystery buyer doubles market cap

Two hours until the buyer comes back.

BSV mystery buyer doubles market cap

Yup, exactly the median situation I was modeling.

The 2021 Bitcoin supply shortage

All we have in trading is our assumptions! You're a good guy too NKPMG, and I've seen you post your assumptions around here for many years. A lot were right, and a lot were ridiculous, but I trust you profited more when you ...

The 2021 Bitcoin supply shortage

When BSV market cap passes BCH, The Wrightening has begun.

BSV mystery buyer doubles market cap

When CW unleashes this $40B it's gunna be one hellofa show. Get your BSV while it's in the three digits!

BSV mystery buyer doubles market cap

They were holding $10K bitcoin for so long that $20K looked like a hell of a deal. And too much risk was on the table, they had to lighten up. Miners are businesses so I'm assuming they act like it. But yeah I could be wrong about all this. If we ...

The 2021 Bitcoin supply shortage