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FINALLY #BITCOIN IS HEADING UP - WHY? Finally Bitcoin is going for a reversal. There are a couple of major factors driving this upward direction. 1. DAILY FLOW BY BITCOIN EFTs The graph below shows INFLOWS of Bitcoin ETF in the last 4 days. It has been positive. Each of the last 4 days shows big buys and accumulation of BTC. The last one being $73 million. 2. MINERS CAPITULATION Miners have stopped or slowed down selling BITCOIN.
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#HamstarKombat Hamster Kombat Will Apply For Guinness World Record - 200 Million members strong! Please take some time to read the article from Cointelegraph and then decide for yourself if #HamsterKombat why this Telegram-based passive crypto mining game is taking the world by storm. First read the article then join Hamster Kombat. Here is the article (cut and paste the link): https://cointelegraph.com/news/hamster-kombat-guinness-world-record-200m-users ************************************** Participate in the airdrop ... (cut and paste the link) https://t.me/hamstEr_kombat_bot/start?startapp=kentId6246103269 **************************************
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ANOTHER REASON WHY #BITCOIN IS DOWN - MT. GOX I told you in my previous post today that the Bitcoin price dump was due to the German government dumping $300 million BTC last week. They got over 50,000 BTC from a guy convicted of criminal activity. But today, the Bitcoin crash is due to the incoming Mt. Gox $9 BILLION Bitcoin Distribution! This is a repayment plan that is scheduled to happen next July. According to Coindesk, Mt. Gox, the defunct crypto exchange is supposed to return over 140,000 bitcoin to victims of the 2014 hack. The repayments will be made in bitcoin and bitcoin cash, and could possibly add selling pressure to both markets. In May, the exchange transferred more than 140,000 BTC valued at approximately $9 billion from cold wallets to an undisclosed address across 13 transactions, marking the first on-chain wallet movements in five years. According to CoinGecko data, Bitcoin prices fell from over $62,300 during early Asian trading to below $62,100 shortly after Mt. Gox's statement was released. ** This is not financial advise but for educational purposes only. Please DYOR. ***
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IM BUYING #NOT COIN. WHY?
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WHAT IS CAUSING THE #BITCOIN DROP? I suppose many are not aware of the real reason for the last few consecutive days of #Bitcoin drop. Do your research and you will find that the German government holds over $2.7 billion Bitcoin which was seized back in January. According to Arkham they sold about $300 million last week. What is very strange is that the German government did not sell OTC (over the counter) like Coinbase. Big liquidation like this would not affect much the price if sold OTC. But instead they sold on SPOT market like Binance. Hence that created the downward pressure on Bitcoin. This sudden drop also cause a bit of a panic to some BTC holders not aware of this fact. You also have Greyscale and Fidelity selling. But BlackRock is staying firm and holding on their stash of BTC. PLEASE, DONT LET THIS GET YOU FUDed out!! FUD is Fear, Uncertainty, and Doubt. The biggest wealth building opportunity is in Bitcoin folks! Many have forgotten that only a few short months ago that 11 of the biggest asset managers including BlockRock, Greyscale, Fidelity and others have been approved for SPOT Bitcoin ETF. This is epic! These managers CAN'T sell ETF without the BTF in their portfolio! They are buying almost every week. Most are done OTC. But very soon there wont be anymore BTC to but from Coinbabse! They have no choice but to but retail via SPOT on crypto exchanges like Binance. This is a fact folks!! Just HODL and DCA. Again dont get FUDed out !!
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