HODL’ers cheat sheet. #Bitcoin

One year passed like it was yesterday.... Time to update the graph..

This time it's with much more information thanks to TheRationalRoot.

See the three big Circles? Halving followed by Peaks and then Bottoms but forth part is no labeled? May be that's for us to interpreted. If you look closely, to me it's almost gradually spreading lines except for the first halving cycle of course that was the maturing stage. But after two halves somehow it's clear this line will be almost straight with a peak or two that might be touching $100k circle.

Although the current line is closer to $10k but look closely, see image 2 that small bulge can easily push BTC to the outer line of $100k. Again this graph is not for the price prediction in the near future, so don't take it literally.

More I'm loving the pie names just look at it in a sequence Hope, Calm, Optimism, Belief, Intermission, Trill, Euphoria, Complacency, Denial, Panic, Capitulation,  Depression, Enduring, Stagnation, Disbelief, Doubt.

In the meantime we have passed Panic and Capitulation and now we are entering the Depression and Enduring stage and I can feel the end of Depression is going to Enduring.

"A picture is worth a thousand words" so it's open for you to interpret.

Last but not the least... Bull market 2024 is confirmed.

Let's march to Q1'23!"


This has to be in Fullscreen view.

Image 2


https://twitter.com/therationalroot/status/1606702975422021632

In a very short period of time, the possibility to get to a full #Bitcoin will completely disappear for 99.99% of the people on planet Earth. At $36,000, it's already priced out most of the world in terms of a full #BTC.

Think about this. One #BTC used to cost $1, then $10, than $100, then $1,000 and then $10,000. Next up is $100,000, then $1,000,000.

How do I know this? Because every 4 years (one full cycle), #Bitcoin adds a zero. This is not opinion. It's fact. See image below. 

Look at the right hand side of the spiral around the 3 o'clock point. Look carefully and you'll see that every full loop or spiral, #BTC adds a zero to the last "1" digit number it previously achieved. Each full spiral equals 4 years. Next up, $100,000. Are you ready?

Leverton was the former CEO of Hut 8.

Leverton stated:

    “We are excited to move forward and continue growing, with a pipeline of greenfield and brownfield opportunities, integration across the mining value chain, leading operational leverage and expertise, and diverse and uncorrelated fiat revenue streams.”

Asher Genoot, President of New Hut, emphasized the new company’s focus on efficiency that would strategically position it for the upcoming BTC halving.

Genoot remarked:

    “New Hut is laser-focused on driving efficiency and improvement across our spectrum of operations to ensure that we are well positioned and uniquely nimble as we approach the halving and beyond.”

In September, Hut 8 obtained definitive approval to merge with USBTC from the Canadian Supreme Court of British Columbia after initiating the development in February.

Every day appears to bring us closer to a Bitcoin Exchange-Traded Funds (ETF) with financial institutes, including BlackRock and Fidelity Investments, currently in the midst of submitting applications to the Security and Exchange Commission (SEC).

According to minutes published yesterday, representatives from BlackRock and Nasdaq met with the SEC on November 20th, 2023, to discuss a revised proposal.

And while SEC chairman Gary Gensler said this week he would not “pre-judge” any proposal, this feels the closest a spot Bitcoin ETF has come to reality in all of the years it has been discussed, with some analysts predicting a verdict in January 2024.