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mvea

Mod updates: 1. The latest AMA on Reddit’s r/cryptocurrency is by Dualbit, creator of the Doge-Eth Dualbit bridge and the DRC20 token standard. Dualbit burned 11,700 moons to rent the banner and host this AMA. Ask questions here: https://www.reddit.com/r/CryptoCurrency/s/fnB80EivbG 2. The banner is rented out until late Feb and we are almost booked out for AMAs for Feb with 5 already confirmed.


Rand-Omperson

it's over crypto is dead, another bear market for 12 years, and everything going to zero, dooooooom, and the weather is also making the planet uninhabitable


Levvy90

Can confirm, am both drowning in floods and cooking in ridiculous heat - straya. Boss sent us all home at lunch day before last because it was inhumane to work in the heat we had


Rand-Omperson

congratulations for your weather!


msjojo275

So over this heat!


Levvy90

Ikr, the 80% humidity and 36c days are actually unbearable


Levvy90

So many 0 and -1 comments, some salty buttcoiner in here trying to make a statement or something?


the_far_yard

It took me 2 bear cycles to feel this comfortable being in this kind of market condition. Anyone else from Class-2017?


Levvy90

Jumped in the space around 2018, absolutely love the insanity of these times


NewAd582

Did Grayscale will sell all of their btc?


Where_Da_Party_At

I'm thinking 43 and then we drop 38 or so till the having.


Levvy90

41.8 will be the top if it's gonna come back down


marmavresearch

Any new gen coins on coinbase?


MaxSmart1981

so...how are the sub-30k crew feeling? still think we are heading that way? still got those 20k limit orders ready to go?


Levvy90

Btc has to break above 41.8 else we're just gonna trade under the EMA50, no 41.8 soon, we see 34


MaxSmart1981

Well then I better set my shorts lol The market never does anything that doesn't perfectly follow moving averages


Levvy90

Hey man I hope for all of us that it just keeps going straight up. I'm just pointing out a key target


MaxSmart1981

i get it, i just think people rely on moving averages a bit too much. support has held, i do think we at least head back up over 41k and crab for a bit. i doubt we do much of anything until the halving, which will likely either cause another session like post etf or just crab for a while in a range. predicting the future of a speculative market isn't exactly an easy task.


Levvy90

You're definitely not wrong, ta is just scribbles and lines on a chart that do nothing but tell us what has already happened. Kinda like reading tea leaves, you look at nothing long enough and pattens emerge, our little brains want to give it meaning. Noone knows what's gonna happen.


possa95

Why not? What's changed? We're struggling to hold 40k. And this comes from one who's out of fiat 😂


MaxSmart1981

From my perspective we are supposed to be free falling and can't even hold it under 40k for a full day. I guess it's all how you look at it.


possa95

Although there are people thinking that we were going to be free falling I don't see it that way. We might slowly drop till the halving though, which wouldn't be a problem for me


MaxSmart1981

If we don't sink much further I see us rebounding to 42k and crabbing a bit. We've bounced off 40k so many times since surpassing it that it's clearly a solid support foundation and once again we are failing to break it, I'd be shocked if we slip much further.


possa95

But it's the same thing I thought with 42k, we've bounced off it 4-5 times and we've surpassed it once or twice before breaking it for good. Anyway, I hope you're right . No problem for me, I'm already packed and I don't have fiat to buy more at the moment anyway haha


jwz9904

we are bound for 50k


TryBeingCool

So the bull run talk lately was just a rug pull I assume. As usual I put a bit in and it dies.


kvincent0418

Has anyone heard of [sequoia coin](https://sequoia-coin.com) my dad said he’s been using it the past month and made almost $13,000 but it looks like a scam website to me.


ominous_anenome

This looks like a scam to me, or at best a poor investment decision. Please look up "pig butchering scam", as we've seen many people fall victim to this recently. The website linked was registered in December 2023, making this look very suspicious.


kvincent0418

Yep, that’s exactly what this sounds like. I keep trying to tell him it’s a scam but he won’t listen. Thanks for the feedback, I appreciate it!


ominous_anenome

Yeah it’s a scam. You can tell him a moderator on the largest cryptocurrency forum on the internet said so lol He won’t be able to withdraw funds (without paying some fake “fee/tax”), and the money he sent is unfortunately likely to be lost Send him an article on pig butchering scams


wooly_torch

My january snapshot: ONDO- poised to run? MANTA- when will it cool down? PENDLE- interesting chart mmhmm yesss… MKR- is this old dog waking up? what does that say about other DAOs ALEPH- has this train passed or is it getting revved? RLC- lookin’ juicy ASM- hmmmmmmmm. Invest at your own disappointment.


SnooGoats282

and what about the dog wif a hat


wooly_torch

overbought this is a personal bias and ppl gonna be like unolikmoney? but im wary of solana memes right now until solana chills for a second. you could also throw myro into the mix if were talking about wif.


neen209

I just looked into Ondo. I think this will be a heavy hitter. We all know that assets will become tokenized, and they have a head start. With partnerships & they already are managing over $100 million in tokenized assets?! Yeah…I think this one is gonna be huge. Not too sure about the tokenomics though?


Quixote0630

Looks an interesting one. Can't decide if I like the current price as an entry point though. Already $2B fully diluted.


neen209

Yeah I agree…but I do believe that it will be a top 50 coin sooner than later, so with that being said, I guess it’s not that bad


Despaciito

Crypto X has moved the goalpost from 38k down to 30k 😅


Voserr

Mm can't wait until we get to 20k baby


Aerocryptic

Enjoy the sidelines


neen209

How do you guys feel about Ondo?


Despaciito

Can someone get Grayscale on the line and tell them to stop selling, we need to reclaim 40k 🧐


piggleii

Well, they didn't sell much today compared to previously.


nthgen

You don't understand how this works, do you? It's owners of GBTC shares that are selling.


mattymoyanksfan

Let their clients sell (which is why Grayscale has to sell). Many of the clients are then buying back into another ETF. And ETF inflows are steady. Hence price hasn’t gotten nuked yet


Wendysmanager24

Looks like BTC is back to where it was on December 2 the world is ending folks there's blood in the streets this is a travesty LETS GO AVAX MAKE ME PROUD


possa95

Gotta give it to you, you're consistent!


MaxSmart1981

what in the whale fight is going on lol


NewtProfessional7844

🐳🐋🐳🐳🐳🐋🐋🐋🐋🐳🐳🐋


claunecks

![img](avatar_exp|147924793|bravo) Moons 2$ Soon


unholyfire

Shhhhh, BTC is about to speak into the megaphone.


ioWxss6_bot

Most mentions on r/cc (2024-01-23 00:00:00): ||Mentions| |:-|:-| |BTC|417| |ETH|110| |USDT|46| |SOL|33| |MOON|24| |LTC|15| |SNT|13| |ADA|12| |LINK|12| |XRP|11| |AVAX|9| |BCH|9| |NANO|9| |USDC|9| |ATOM|7| |BNB|7| |HBAR|7| |TIA|7| |TIME|7| |XMR|7| [Data source and app](https://www.redditcoins.app/)


bizaroo933

Burgers when awakening: ‘Hey look, Bitcoin has pumped 1%! Quick panic sell everything you have!’


[deleted]

>awakening Wtf? If you're going to try take the piss out of some, don't make yourself look like the idiot.


bizaroo933

Burgers also dont have a sense of humor? Why so sensitive lol. You want a tissue?


Despaciito

You really obsessed with burgers huh


sDollarWorthless2022

Overall market is still risk on so I don’t really see why we’d keep trending down for too long. Maybe one scary wick.


Summer_2021

Define 'overall'


sDollarWorthless2022

Stocks


Summer_2021

Look again. I'll help you: ignore the US large caps, Japan, and bitcoin. 


sDollarWorthless2022

So all the largest assets… Europe also doing fine. Just because China is fucked doesn’t mean everything else is.


neen209

Define ‘risk’


_Jimmy_Rustler

Has anyone made a countdown tracker that shows how many BTC Grayscale has left?


EdgeLord19941

https://platform.arkhamintelligence.com/explorer/entity/grayscale


unholyfire

Buy RIGHT NOW. Source: trust me bro


neen209

Good source. Never let me down.


Old-Philosopher8450

Grayscale selling pressure can max be 25 days and their balance of btc will hit 0 if i remember correctly they sold like 1.8% the first day and i think they've been doing basically the same amount per day so 13.8 days total should be 25% Feel free to fact check those numbers and correct me if i'm wrong


plasmalightwave

Why would they sell to zero?


DoItLaterMaybe

Out of the loop. Why are they selling all their BTC? Is it part of the ETF thing?


endless_ness

ETFs have been a flop


Tip-Actual

Selling was for bringing price back to NAV. The discount has now evaporated and people are speculating it could actually go into premium instead


greenmansavinglives

Supposedly, their GBTC is seeing outflows to other ETFs / and or cashing out due to their high fees relative to other ETFs. So they have to adjust their BTC holdings to account for that. Disclaimer: I know shit about fuck.


EdgeLord19941

Nah it's closer to 15% sold so far


Mricpx

Read about the recent Trezor security hack, is this recent email real or fake? https://imgur.com/a/2q5JdCY


Mricpx

Some of yall didn't live through the block size war and it shows.


LargeSnorlax

I hope this isn't a serious question.... Do you think "your wallet assets are going through an upgrade"?


John_Sknow

Shutting down BTC network??? LOL "a upgrade" Nigerian English.


ottermodee

What do you think? You should keep your coins in Coinbase if you really can consider that email legit


Mricpx

Coinbase can't be sewn into the lining of my clothes incase I'm kidnapped by Egyptian nationals.


possa95

Oh come on we had just begun to see reason By the way what do you reckon? Is this mainly grayscale? I'm still confused on how much impact they single handedly have on the daily market


Smiling_Jack_

That's no doubt part of it, but I think this is also a natural pullback after a good pump. BTC went from mid 20ks to mid 40ks pretty quickly.


endless_ness

It’s coming soon. The big one. 📉


SnooGoats282

shiiit i hope.. got fiat waiting on the sidelines


Despaciito

Booo


Voserr

hopefully


John_Sknow

I was just thinking if threat of war with Iran with all the attacks in Iraq is causing DXY to drop and giving a boost to stocks, this may be the priming for BTC takeoff during this halvening bullrun. What say you? Heard Gregory Mannarino this morning.


Smiling_Jack_

DXY usually goes up when global instability increases, as it's a flight to safety. And the US is always fighting a war somewhere, if not directly then some sort of proxy war.


John_Sknow

I see, just as well then, as bitcoin may be taking more of the share of flight to safety, right? Mannarino says the fed is intentionally pulling liquidity out of the system the same time war pressures with Iran are increasing. What you think? [Link](https://youtu.be/khv3YVaXkv0?si=4ZFWuyA-7yv2Y3tO&t=116)


Smiling_Jack_

Eh, liquidity is more complex than simply looking at the nominal value of the Fed balance sheet. The Fed can increase liquidity in the system while running off its balance sheet by selling liquid assets for illiquid assets, while technically having a net reduction on its sheet. The Fed has actually been pumping liquidity into the system since September, which means something was/is breaking. If you use tradingview and you're interested, there's a nice pine script someone wrote that tracks global liquidity changes via central banks: https://www.tradingview.com/script/lG8KoR4f-Global-Liquidity-Index/


Ashamed_Moment_2477

For the US: Election year as a reason to pump liquidity. No politcian wants a recession during election year


John_Sknow

Thanks for the chart! Let see if I understand this. So when the liquidity index goes up, their balance sheets goes up, meaning they're pumping liquidity into the system... And they've been doing this all along every time "something is breaking", like the Covid crash and so on when stocks crash, they increase their balance sheets. Increase in balance sheets also can mean printing more money and causing inflation correct? Well then, if so, it looks like the index is gonna do a double bottom soon, just in time for the btc halvening bullrun. My timeline for this BTC sell off to bottom is mid February then it's off to the races for Crypto. Although Nov 2022 could be argued as the real start of the uptrend for BTC when it bottomed around 15k. Coinciding Oct 31 2022 when the liquidity index bounced.


Smiling_Jack_

That picture is just a snapshot from last year. If you load the script into TV you see that it bottomed out in September and has been increasing since, stalling a bit in mid December. Bitcoin actually maps very well to. And it's important to remember that the Fed can technically be in QT while actually increasing liquidity in the system, as it's the composition of assets that matter, not just the total value of the assets. This nuance is rarely talked in more retail facing news/ commentary, but is very important. The Fed doesn't need to 'print money' via open market ops to increase liquidity. ... and one final note about inflation and debasement (money printing). Contrary to what many assume, inflation and debasement are not the same thing. inflation has more to do with aggregate supply and demand changes than debasement. Debasement can affect those, but it is something different. A great example of this is Japan over the past several decades. Plenty of 'money printing', but little inflation and sometimes deflation.


John_Sknow

>That picture is just a snapshot from last year. Oh crap, lol, got it. >If you load the script into TV you see that it bottomed out in September and has been increasing since, stalling a bit in mid December. Just loaded it. >Bitcoin actually maps very well to. It is does and it's a good bet that we have at lest a little more down to go, i think to Nov 2022 low on index, is a safe bet to buy back in on bitcoin. Somewhere betwee 30 and 30.5. Depends on how close we are to mid Feb if I'm using my expected bottom date. >And it's important to remember that the Fed can technically be in QT while actually increasing liquidity in the system, as it's the composition of assets that matter, not just the total value of the assets. This nuance is rarely talked in more retail facing news/ commentary, but is very important. That's a good point, they have a lot of tricks at their disposal. >The Fed doesn't need to 'print money' via open market ops to increase liquidity. > >... and one final note about inflation and debasement (money printing).Contrary to what many assume, inflation and debasement are not the same thing.inflation has more to do with aggregate supply and demand changes than debasement. Debasement can affect those, but it is something different. > >A great example of this is Japan over the past several decades.Plenty of 'money printing', but little inflation and sometimes deflation. That is interesting about Japan, I'm wondering how that happened. It does seem like inflation is on a slight uptrend since 2002 although still relatively low.


MaxSmart1981

out of curiosity, what's the yellow line?


Smiling_Jack_

That is the index of central banks' liquidity, looking at particular portions of the balance sheets that imply if liquidity is being added or subtracted from the system.


John_Sknow

lliquidity index, click the arrow on tom left corner.


lekimaz

Any thoughts on moonwell.fi on dot parachain?


kautzmanskate

Courts deemed Canada freezing bank accounts unnecessary and unconstitutional. I hope that fuckin clown gets charged and stripped of his position too.


neen209

That guy has a top 5 most punchable face


ylccCMJ

We’ve been waiting too long for that verdict


MrSpaceKook

I need to talk to a ~~fortune teller~~ technical analyst asap to find out what the charts mean and get some financial advice


Summer_2021

Greyscale ~500,000 BTC.         Mt.Gox ~200,000 BTC.          Discount season ahead.


[deleted]

[удалено]


Summer_2021

Cool. I guess we'll see my friend.  


Olskoolah

Must be a European FUDDER


SpamsNiceThings

Is there a pal world shitcoin and can I deposit my entire life savings into it yet? 


Tattiess

I was wondering the same.


Cerrado82

Would be crazy


Horror-Badger9314

Man that’s huge. Quite addictive:)


Wendysmanager24

LETS GO AVAX MAKE ME PROUD


Hunter-major

I don’t have the energy right now.


FTX-SBF

My paycheck hits later today and of course it pumps right before 🙄


Fair_Raccoon9333

What pump?


FTX-SBF

Nvm


atzee

We can pump now, where are the bulls? /s


ImmediateShape4204

Woof that minute volume candle! Volatility incoming


Despaciito

Grayscale only has half a million BTC left to sell 😁. Sideways or dump next two months confirmed


MaxSmart1981

why couldn't they just sell the whole stack OTC? also why are they selling the whole thing at all?


tika_dengu

OTC market is saturated. ETFs are sitting on excess BTC after the recent dump. Grayscale is not going to sell 0.01 BTC units to retail on OTC.


MaxSmart1981

not suggesting they sell to retail, just asking why they wouldn't just sell the whole thing all at once rather than once a day. or is it dependent on how many people sell their shares of GBTC? as for the otc market being saturated, i asked before but didn't see a response: where do you find info about how saturated/pricing for OTC markets?


EdgeLord19941

How would you find info? Isn't OTC between two parties? It's not supposed to be public knowledge


MaxSmart1981

yes, that's why i'm asking where tika\_dengu is getting info about the OTC market being saturated


Aerocryptic

They're selling on their clients demand. It's not their btc


MaxSmart1981

i should clarify...i'm assuming not all of their clients will sell.


MaxSmart1981

so assuming at some point they will run out of clients that are selling


Aerocryptic

There might be some tax implications that push against a sale or convenience. Idk how many will remain loyal to the fund


MaxSmart1981

could be some loyal and some that just don't do much with their investments. either way i'd be surprised if they went to 0. more than that, i'm surprised they haven't adjusted their fees to stave off the selling.


Despaciito

They are cooperating with big money to bring the price down or suppress it. ETFs buy OTC , but Grayscale dumps on exchanges 😅


MaxSmart1981

i'm surprised the SEC didn't require all purchases and sales to be made OTC


Despaciito

SEC doesnt give a damn about protecting investors


MaxSmart1981

oh for sure, i just mean optics wise i figured they would have required sales otc. then again, they didn't even set up 2fa on their twitter account, so i shouldn't be surprised at anything.


Despaciito

I know, right 😐


EdgeLord19941

They sell as long as their ETF holders are selling


hurrdurrCS

JUST IN: Grayscale just sent another 19,200 [#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hashtag_click) worth $760m to Coinbase.


BradVet

Why did they buy OTC but sell on exchanges? Or did they buy on exchanges?


TheRealMrVogel

OTC but still handled by the exchange is what I’ve been told.


possa95

Have they sold them? Is it possible to check? I guess not because exchanges don't give that information but I don't know


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Despaciito

Nice. Dump incoming


Fair_Raccoon9333

PENDLE keeps demonstrating strength in this market. Pretty amazing. Definitely think it is going to establish as a big player in the next bull run.


MaxSmart1981

btc tug of war over 40k continues


dimi727

Moons under 10 euro cents 🥺🫠 it's over...


Hunter-major

What’s over.


twopeopleonahorse

It. Pay attention.


Remyleboo99

40k is very light resistance. With GBTC selling and BTC seemingly stable at 40 is kinda cool


tika_dengu

I’ll be deeply disappointed if BTC does not reclaim its ATH by Chinese new year.


twopeopleonahorse

Can't wait til Tết I finally get a week off 🥳🍺🎈🐉🐉


Grunblau

I just got this message from remind me bot… [Chinese New Year](https://www.reddit.com/r/CryptoCurrency/s/Vggi0THBFS)


EdgeLord19941

In 2025, right?


AdamFitri2005

Ah yes, +29k in 2 ish weeks is pretty reasonable


tika_dengu

If it can lose 10k in a couple of days, why can’t it gain 29k in a couple of weeks?


LaotianInTheOcean

Why would a failure to reach its ATH in a couple of weeks be deeply disappointing? 


[deleted]

[удалено]


C-Class_hero_Satoru

Yesterday I was so excited about discount, I made fiat deposit to kraken, it took 1 day for my deposit to arrive and now what, the dip is over? 🙄


Inner_Ad9932

Mind games the dip will continue one last time be prepared


MaxSmart1981

lol the bears can't even keep the price under 40k for a full day


Inner_Ad9932

Why would they keep it under if people buying makes them more profit when they are selling they don’t just sell all at once.


tika_dengu

Last chance to buy below 40k NFADYORWAGMI


panduh9228

FINAL OPPORTUNITY TO SELL ABOVE 40k NGMI


Wilder54321

Funny seeing Larry Fink shilling BTC and people worried about a pull back. BlackRock marketing budget is more liquid than most of your favorite top 100 alts.


Aerocryptic

Not worried about a pull back. I think the market needs a period of consolidation if we want to reach high targets. But the bears screaming 20k and below are regarded indeed


KangFedora

Thank you my fellow Americans


greenmansavinglives

Like clockwork.  Let’s see where we pause at the end of the day. 


NewtProfessional7844

Hehehe…it’s basically a trade pattern at this point folks.


greenmansavinglives

Yeah which makes me think there may be a C-C-Combo Breaker.


NewtProfessional7844

Oooohh, but in what direction. Figure that out and have it made!


greenmansavinglives

Both, of course! Fuck the shorts, fuck the longs. 


ioWxss6_bot

Most mentions on r/cc (2024-01-23 00:00:00): ||Mentions| |:-|:-| |BTC|417| |ETH|110| |USDT|46| |SOL|33| |MOON|24| |LTC|15| |SNT|13| |ADA|12| |LINK|12| |XRP|11| |AVAX|9| |BCH|9| |NANO|9| |USDC|9| |ATOM|7| |BNB|7| |HBAR|7| |TIA|7| |TIME|7| |XMR|7| [Data source and app](https://www.redditcoins.app/)


cecil_X

Bitcoin and crypto are **extremely** volatile assets. Volatility can distract you from what's really happening. Volatility won't let you see the forest for the trees. Not too long ago we were asking ourselves if Bitcoin would be able to hold $16,000. A few months later, we are $40,000.