RE: The Last Dump... And The Last Pump... .:. WorkerBee PH-Pool Week 259
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It is impossible to identify if this is the last pump, or the last dump, not for BTC and for sure not for Alts.
It could very well be the last dump for BTC, BTC never will see much lower lows, perhaps 70-ish, 74-ish as the bottom before it will go up gradually again, over time, gradually I mean. How many BTC holders still around to sell? How much money influx from the institutionals, who essentially just started their entrance? Who knows. And what about Alts, like HIVE? Who knows.
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As I'm expecting the "last dump", and the market usually does the opposite of my expectations, I would say that we are very close to the bottom... 😃 The second boring thing is going sideways, which could happen for the next few months, easily...
Regarding alts or HIVE, I tend to ignore and not think about... lol... 😃
This is something that I was questioning a long time ago... I think that we will come to the moment when some people will try to "count" the balances of all these "buyers", and the count will be over 21M 😃
My podcast peeps told some weeks ago that something like half of the floating BTCs were traded last year.
that's what I'm talking about... I don't know what they count as "floating BTC", but it can't be over 7-8M in a year... no way...
dont know the details either. need to catch up on some pf their latest podcast. for a few weeks I pauzed listening.