Bought some back in the $33,xxx range. Almost a 50% discount from where I sold a certain amount. Thanks for the cheap coins, paper hands.

@DylanLeClair_
A #bitcoin  dip down to it's realized price (average on-chain cost basis) is entirely possible and has been consistent with previous market bottoms in bear market cycles.

Realized price is $24.3k at the moment.

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https://twitter.com/dylanleclair_/status/1523579493926899712?s=21


@DylanLeClair_
Here is a standardized ratio between market price and realized price (market value to realized value - MVRV).

24k would be in the green zone.

Again, dips to/below realized price have historically signaled a capitulation style bear market bottom is in (or close).

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@DylanLeClair_
Going back to December, I outlined this possibility and prefaced it with the opinion that it's unlikely to occur unless a significant liquidity crises emerged in legacy markets.

Well, it looks like we're getting one.

Stay safe out there.

[3/3]
https://twitter.com/dylanleclair_/status/1523579497928617985?s=21


Finger on the trigger over the next 12 months boys. Be ready to get fiat onto exchanges.

It makes me happy knowing you could get some of your coin back. Well played man.

Almost parity



Sad Trombone

This is only temporary. It won't be long before the lender of last resort has to start their brrrrr again. I mean that is their job. After they crash everything that is.

I'm thinking lower, 20s, but their will be a temp bounce before then.

Of course, if we get even a minor muttering from any Fed members the bottom could be in at that point.

I always "got you" in what you are trying to say


Just wondering how you got there bro....and if you had any source to share, so we can all have a read on the details.


Also, when you say the exchanges, had to buy from "the FED", an amount of USD.... what does that look like?

I think this scenario is highly possible... and fits the way this cycle has gone the whole time...  That lets us have the large drawdown, but not as severe as past cycles, just as the top was not as high.  It keeps us up above the last cycle top, which has been consistent so far.

But I think a higher bottom is possible as well.

It is hard to imagine that the world stock markets are not getting crushed right now, and if so I think Bitcoin takes shrapnel.  BUT the wild card is people are also waking up to believe Bitcoin is "digital gold" So *SOME* percent of money is going to flow into it for safety, while the money that sees it as a tech stock is leaving.  That's the most interesting bit, I think.

HA!  For ages it was WHEN WILL WE HAVE PAGE PARITY?? Now it's mwaaa mwaaaaaah.