Since I started paying attention to the Net Volume stats it has changed the way I see these trading charts. It always was clear to me that 'Supply is more important than Price' but it's obvious now.
https://www.bitget.com/trading-bot/spot/BTCUSDT
I may still not be doing this right. I have been drawing Sine waves on the significant price moves-- and also noting where the 'Bag' is and when the 'Money Flies', using emojis.
https://bitcointicker.co/stamp/btc/usd/30days/
To me it looks like there is still a lot of support at these all time high prices-- $117,812 is still higher than the previous ATH levels-- and 24hr volume is being driven primarily by StableCoins like USDT, and USDC. $131 billion Tether, leading $46 billion worth of BTC, followed by $33 billion worth of ETH, $22 Billion of SOL, and $14 billion of Solana. One of these things is not like the other--
--one of these things just doesn't belong. Can you tell me which thing is not like the other?
Past performance does not equal future results-- but sometimes it rhymes.
https://charts.bitbo.io/stock-to-flow/
With 994 days left until the next halving, one thing we are all wondering is, will BTC be able to make it higher than the last cycle, or will the next ATH be sold off faster than bacon on a Sunday sale?
I am grateful for these low low prices. I have been focusing on paying off debts, as the debtor is slave to the lender. I am succeeding at paying down my balance to reduce interest charges as much as possible, my priority this year. I tried to buy $100 of BTC the week before last and the machine was faulty and wouldn't read my note, so instead I bought an $18 lottery ticket. While I got my hopes up about bagging that $65 million dollar prize, both tickets were non-winners on both draws they were eligible for. I did not learn my lesson, when I last bought Lotto tickets in September 2022.
https://www.coingecko.com/en/coins/bitcoin
Lotto stands for LOSING because you mostly lose when you buy Lotto tickets. I have '1 in 33 million' odds of winning versus '1 in 264 million' of being eaten by a shark. Does winning the lotto always improve your life? No. Even if you win, you can still lose, because you have financial management costs, taxes on investments, sales tax on large purchases you'll incur, unwanted attention, and becoming estranged from friends and family. Not to mention your lifestyle changes, risks from reckless activities like jumping out of airplanes or travelling for vacations, and stress from deciding what you would even want to do with $65 million dollars.
No, it is much smarter to live within your means, to control your expenses, and to try to accumulate BTC regularly, rather than make huge bets, buy lotteries, sell your house or try find a clever way to get rich. If I simply bought BTC every single week regularly without worrying about how much it cost, I might have more Bitcoin than I do now. And remember, knowledge is the best investment.
In another 600 days will BTC sell off to new impossible lows? Or to at least lower than here, and if that happens don't be afraid to buy Satoshis at $80k or $90k because surely after 2028 we will never see those lows again. If BTC reaches $1,000,000 per coin, how much Bitcoin will you need?
And for what purpose, exactly? What are you dreams? Stay focused on your real goals.
I cant remember the last time there was a Buckminster Fuller quote i'd have related to. Thanks man.
!ALIVE