$38M USD moved for half a penny

submitted by /u/MemoryDealers [link] [comments]

source https://www.reddit.com/r/btc/comments/ltc9g9/38m_usd_moved_for_half_a_penny/

Bitcoin Cash - You Are Being Lied To

​ It took me a while to figure this out and the turning point for me was when LTC's market-cap became greater than BCH's in the 2020 /2021 bull-run. 'This doesn't make any sense' I thought to myself . How does LTC with its lesser ongoing development have a market-cap that surpasses Bitcoin cash's ?Especially as Bitcoin cash has so many positive features , This had me searching for explanations. ......and then it dawned on me .. You see when BCH came out in 2017 it was distributed to BTC holders. A lot of the BCH tokens were also not yet in existence as they had yet to be mined; meaning that the BCH tokens available on the open market were in short supply then and still are today. As a long term trader and a practitioner of the Wyckoff Method I understand that in order to move an asset from weak hands to institutional hands you have to capitulate the assets price and keep its price action stagnant for a lengthy duration . These techniques force weak holders to release their tokens onto the open market for sale . This is what I believe is going on currently with BCH and the BCH being released is being accumulated OTC by institutional buyers and crypto whales. Accumulation via OTC also ensures that the market-cap and price of the asset does not rise until its ready to be moved up and this process is called "Mark up". Supporting this thought is the chart pattern below which is a multi year accumulation pattern https://preview.redd.it/2lj3ioqi0xj61.png?width=1644&format=png&auto=webp&s=1460c32d052a84fee0e6cfe34340e5ecfaef59c1 Another important point is most traders not do thorough research on the tokens they purchase and rather follow the crowd and buy on Hype . Institutions and Crypto whales are well aware of this and influence our purchasing decisions by moving the price of the cryptos they want purchased up, and publishing supportive media articles . For example if token XYC moves up 500% in a few months versus BCH which moves up 20% in the same time period and there are glossy articles proclaiming XYC to be a wonderful token most buyers will seek out token XYC. Now throw in a few negative articles regarding BCH and the weak hands will release it onto the open market and gladfully exchange it for token XYC. This is an example of "herd mentality" and the videos below give an example of this phenomenon, https://www.youtube.com/watch?v=_7VEWTbe5lU https://www.youtube.com/watch?v=TrTk6DsEJ2Q ​ Now I could be seriously wrong here and I am not your financial advisor , but I trust my conviction and currently most of my tokens have been switched to Bitcoin Cash. My wife is accumulating Bitcoin cash; My family , acquaintances and neighbors are accumulating Bitcoin Cash. In my opinion Bitcoin Cash is the most undervalued crypto in the top 100 crypto market and is a steal at these prices. The All Time High for Bitcoin cash is at $4000 and BCH is currently trading at 700% below that price at $480. This is a life changing price point so HODL the BCH and dont fall for the crap talk in regards to Bitcoin Cash - You are being lied to . submitted by /u/minitoxin [link] [comments]

source https://www.reddit.com/r/btc/comments/ltcw8o/bitcoin_cash_you_are_being_lied_to/

Which one of you was this?

submitted by /u/EternalScab [link] [comments]

Temporary Dip

Long time HODLer here, got in back when crypto dipped near the start of the pandemic before the halvening. Been closely observing BTC everyday since then. Crypto went down in price today because the Dow Jones dipped a little today, this is pretty standard behavior. Keep Calm and HODL On. Stimulus checks are already being sent out and received, meaning more money will be flowing into crypto, as we have seen with the first stimulus. Overall, BTC has been gaining tremendously all year long, occasional dips are expected and are actually quite healthy for growth and stability in price.

Just wanted to provide some positive outlook as it seems that some negative shorters, possibly institutional investors, are trying to discourage HODLers with very selective news when overall outlook is extremely positive. After every single halvening event after BTC's creation, there was no major "crash" until after a full year and half. Even after each "crash" BTC ended up many multiples in price from where it initially started before each halvening event. The last halvening was less than a year ago, back in May 2020, we still have a long ways to go. Check BTC's history on Coindesk if you don't believe me. History has a way of repeating itself. If you HODL long term, it will keep going up eventually. Only the HODLers will decide where BTC will go next. Don't let the day to day fluctuations get you down.

Obviously be cautious when investing in crypto, but don't be so negative unless you have truly done due diligence. Most people who are negative don't even understand the technology of blockchain, the infrastructure it provides, and the future it holds. It's not some cheap pump and dump stock, it is the next big innovative technology like EVs and smart devices. I don't necessarily recommend selling everything you own to buy in BTC, but consider at least buying some fraction of BTC. Pretty much any exchange will allow you to do this.

submitted by /u/quemeister
[link] [comments]

The latest MyNode release includes Bitcoin Whitepaper hosting on the node. This is huge fu*k you to Craig Wraight and his bullshit as now hundreds of Bitcoin full nodes host the Bitcoin Whitepaper. Love it!

submitted by /u/adsorptionspectra [link] [comments]

GOT THE FAM A WHOLE COIN

Man I'm so psyched it's working out so far, I want to shout it from the mountaintops how happy I am to have gotten a whole coin for my family but don't want to talk about it with friends and come off as braggy.....figured this would be a good place to share :D

HODL ON BROTHERS

submitted by /u/Ds7592
[link] [comments]

Promote smaller denominations. 0.01 BTC = Bitcent

We need to actively promote smaller and easier to understand BTC denominations if we want the retail investor to get interested and use bitcoin. We already have sats for 0.00000001btc, the smallest denomination, but nothing in between.

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As a community, we should be actively promoting 1million satoshis (0.01 BTC) as being a Bitcent. It makes sense to casuals, and it makes logical sense. The correct terminology is actually centi-bitcoin, but calling it a Bitcent rolls off the tongue much better.

https://en.bitcoin.it/wiki/Units

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1 Bitcent = 1 million Satoshis

1 Bitcent = 0.01 BTC

Acronym for Bitcent could be BTCe

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submitted by /u/HappyLuckBox
[link] [comments]