If YOU would like to be on a CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.
Thanks! For it - or ag'in it, it'll be a wild ride.
Posted on 03/31/2021 3:09:13 PM PDT by aMorePerfectUnion
Ki Young Ju, chief executive of on-chain insights platform CryptoQuant, says that it’s time to go all-in on Bitcoin.
In a new tweet, Ki Young Ju tells his 124,600 followers that he believes the time has come for him to put all his chips into the world’s largest cryptocurrency.
To support his bullish call, Ki Young Ju points to the correlation between the price of Bitcoin and the stablecoins ratio, a metric that divides BTC reserves by all stablecoin reserves stored in exchanges. According to the CryptoQuant executive, a plummeting stablecoin ratio indicates that Bitcoin and the broader crypto market may be gearing up for the next leg up.
“The crypto market is getting better in terms of supply/demand. Relatively many stablecoins across all exchanges thanks to the rise of USDC. BTC holdings are decreasing fast. Here’s the ratio that BTC holdings in USD divided by stablecoins holdings across all exchanges.”
(Excerpt) Read more at dailyhodl.com ...
If YOU would like to be on a CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.
Thanks! For it - or ag'in it, it'll be a wild ride.
PING!
"On top of the plunging stablecoins ratio, Ki Young Ju says that the stablecoin market is flashing buy signals.“For all stablecoins, Number of issuing event is increasing Number of redeeming event is decreasing
And stablecoins circulating supply & exchange holdings hit an all-time high yesterday. Fewer people cashing out, more people buying stablecoins through fiat to purchase crypto. It’s bullish.”
Because the big guys want out now?
I have this $1,000,0000 monopoly empire I’ll trade for a few bitcoin...
You got it.
Sell when they say buy and buy when they say sell.
Because the big guys want out now?
—
Ding, ding!
Bitcoin is beginning to smell like tulips to me.
Tulip mania on steroids and raised to an exponential level.
Will the last person stuck with Bitcoin please turn out the lights as they leave the building.
This is vaporware, no matter how many encryptions are bound up to protect what is essentially wish and hope.
Hi, is it okay to join this group in regards to all things BitCoin?
I hope to move beyond just Bitcoin to the other coins, mining, etc...
BUT the reactions here to Bitcoin are so entertaining, I have posted BTC articles!
If anything, it tells you we are not in a bubble. The level of skeptics is still too high.
{Tulip_Mania * Steroids} ^3 + (hopium * wishfullness * Musical_Chairs)
Result:
It’s not a panic if you’re the first one out the door.
We love our Chinese overlords in the CCP for making all these bitcoins for us to sell to fools and make us lots of money.
“Bitcoin is beginning to smell like tulips to me.”
More than a little doubtful IMHO. It’s going to be up and go up more.
Wish I knew about it sooner.
People were saying that at $1,000, 5,000, 10k, 20k, 30k, 50k, 60k....
And they will be saying it at 80k, 100k...
Imagine what happens if our internet systems suddenly get taken out for even a day.
Sam G, it would not matter. You would have to take out worldwide internet and even then, the data is stored on distributed computers worldwide. When the internet was back up, you could see what you own. You always owned it.
(my probably imperfect understanding...)
Gold is too inflated and easy to manipulate, and most trades are in certificates and not actual bullion. Cryptocurrencies offer a standard that expose the overprinted fiat currencies, including the U.S. dollar.
The tulip talk is gonna look pretty dumb when Bitcoin is pushing half a million.
2024 it halves again then it takes off.
You know, the number of obituaries written for Bitcoin has been growing every single year... which says there is still lots of skepticism.
Reminds me of my dad’s skepticism of the internet companies when they began.
I suspect if/when it gets to the $500k area there will also be skeptics and those proclaiming its death.
And I suspect it will not get there without serious corrections...
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