BTC Possible future areas of redistribution and accumulation
I don't post much here, but made this for some kid who is trying to learn. Mostly Wyckoff (why isn't that an option?), Fibonacci Levels informing an Ellliot wave that makes it look like BTC will go a bit lower, or that this is a larger scale ABC correction.
I don't know, do what you want but I'm waiting to buy (some) around 35k (in light of new information) 45k.
Ultimately I think the floor is 32k, which would be great, because then we could stock up before the next "bull run" (hate that term, srry wall street jockeys).
Every time you ask yourself, "is btc dead", go check your wallet and see if someone stole any of it. It's unlikely. The price of BTC doesn't matter, because it works. Doesn't matter if it's $1 per btc or $100k per btc or whatever. You can use it to send money and, assuming the recipient is either also collecting BTC
Whether they're using it to trade altcoins, or can convert it to local fiat somehow (I just have a Coinbase debit card, though I'm considering opening an account at a few other exchanges so I can have more debit cards just in case the money I moved from my wallet to my Coinbase to use the debit card - we're talking small amounts like $5000, somehow gets held up), it works. It does what it's supposed to do. It's as if the entire world was on the gold standard, the world had no more gold to be found/mined, and I was standing right next to you - except I'm across the world and not standing next to you.
Most exchanges are also extremely low-fee to move BTC to some other altcoin. I've been using DOGE to send money to people who accept and are able to convert DOGE to BTC. You can make a limit order somewhere right near market so you pay less in fees (or even cover your fees if there are one) for making the trade and then converting it, or just convert it with the convert button, depending on how your exchange works. You can also use it to mitigate tx fees, although those remain relatively low depending on the amount you're sending. Use whatever is fast enough and has low enough tx fees, along with wallet security, for your transaction.
Want to send $10,000,000? The TX fee on a BTC transaction will be negligible. Want to send $1000? Maybe convert it to something else. Want to send $1000? Convert accordingly.
Anyways there's the chart with some stuff hidden so use the element list (i forget the name) button on the side to see the hidden layers for some insight into where I came up with these numbers. And no, I didn't just make this chart. I actually placed a buy and a trailing stop right after and it crashed as I was asleep. Oh well, can't win em all.
I don't know, do what you want but I'm waiting to buy (some) around 35k (in light of new information) 45k.
Ultimately I think the floor is 32k, which would be great, because then we could stock up before the next "bull run" (hate that term, srry wall street jockeys).
Every time you ask yourself, "is btc dead", go check your wallet and see if someone stole any of it. It's unlikely. The price of BTC doesn't matter, because it works. Doesn't matter if it's $1 per btc or $100k per btc or whatever. You can use it to send money and, assuming the recipient is either also collecting BTC
Whether they're using it to trade altcoins, or can convert it to local fiat somehow (I just have a Coinbase debit card, though I'm considering opening an account at a few other exchanges so I can have more debit cards just in case the money I moved from my wallet to my Coinbase to use the debit card - we're talking small amounts like $5000, somehow gets held up), it works. It does what it's supposed to do. It's as if the entire world was on the gold standard, the world had no more gold to be found/mined, and I was standing right next to you - except I'm across the world and not standing next to you.
Most exchanges are also extremely low-fee to move BTC to some other altcoin. I've been using DOGE to send money to people who accept and are able to convert DOGE to BTC. You can make a limit order somewhere right near market so you pay less in fees (or even cover your fees if there are one) for making the trade and then converting it, or just convert it with the convert button, depending on how your exchange works. You can also use it to mitigate tx fees, although those remain relatively low depending on the amount you're sending. Use whatever is fast enough and has low enough tx fees, along with wallet security, for your transaction.
Want to send $10,000,000? The TX fee on a BTC transaction will be negligible. Want to send $1000? Maybe convert it to something else. Want to send $1000? Convert accordingly.
Anyways there's the chart with some stuff hidden so use the element list (i forget the name) button on the side to see the hidden layers for some insight into where I came up with these numbers. And no, I didn't just make this chart. I actually placed a buy and a trailing stop right after and it crashed as I was asleep. Oh well, can't win em all.
This will only work for so long for them with BTC, given the limited max supply and increase in awareness, so I believe they are loading up while they can, slowly but surely.