MASSIVE FUCKING HAPPENING
500K BTC WENT DORMANT THE MONTH OF MARCH
I REPEAT 500K BTC WENT TOTALLY DORMANT THE LAST MONTH.
YES YOU HEAR THAT RIGHT HODLERS LEFT 500K MORE BTC TO SLEEP DORMANT FOR MORE THAN 365 DAYS DURING THE LAST INSANE 30 DAYS.
And if the prediction is right next month 800K , YES 800K BTC WILL GO DORMANT DURING APRIL
Better get that citadel reserve now or it will be too late.
I am not memeing at current rate 800k coins will go dormant this month and 3M in may.
Also i forgot the source
Seems legitimate. Anyone else bought up when it plummeted? Our time to profit
Holy fuck
Nice find OP
Retard here, this is good?
7 transactions per second
What is dormant?
Is there an opcode that designates coins as dormant? Is it a protocol defined in the white paper?
Probably miners who will sell at the top to collect profit
Cheers to all my fellow hodlers
I'm not going back to 'plebbit' any time soon
It doesn't mean anything. Those coins could dump in a moment's notice (not like they could, the book is too thin kek)
I’m a retard. What does this mean? Is corn gonna moon?
yes it's practically forced to. it's the same game that was played in both past bullruns - restrict the supply and hope the rising price brings in buying interest.
if buyers never come at least i'm bagholding with good company like jack dorsey and whoever else holds those 17 million coins.
>What is dormant?
Coins not moved for 365+ days
After the halving 360k coins will be mined PER YEAR and here we had 500k coins going to sleep in the worse month for financial markets since 1929
IT'S ULTRA BULLISH.
No this are coins last moved 365 days ago.
Based
It's more than will be mined after halving in just one month for fucks sake , i may add the worse month financially since 1929 and still 500k btc went to sleep.
800k will go dormant this week and 3m in may , meanwhile post halving 360k will be mined per year.
This is massively bullish.
> whale send coin to exchange
> sell them
> cashout
> faggots who bought them from keep them on the exchange
> exchange move them to cold wallet
> WOW SO MANY BTC WENT DORMANT GUYS
It's not really bullish. Bitcoin still has the same problem it had last year and the year before that. If there's no interest, there's no interest. It doesn't matter if you lock the whole damn supply up
Exchanges cold wallets still move , if they are not moving and they have an increase of dormant coins is becuase their users also have an increase of dormant coins.
Grayscale itself has 300k+ coins now.
Billions per second on layer 2, which is the only intelligent way to scale
>lightning
Seriously nigger? This is the best you got?
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
compared to fiat currencies whose problems keep surmounting
It is the most fundamentally bullish asset in the history of the world. If you can't see it you don't deserve to make it
they probably got corona'd :(
7 transactions per second
Have you actually used it?
Why would I? When bitcoin works I don't need it and when bitcoin doesn't work the price is crashing so I'm selling.
intelligent people use Bitcoin (BSV), where everything works as intended on the first layer, so you don't need the dysfunctional garbage BTC is using to cope
so according to this link
>bitinfocharts.com
there's now 17.5 M btc which have not moved in over 1 year, am I reading this right ?
so that mean that less than 1M coin have moved in the last year you the year where btc went from 4k to 14k then back to 6k .... and this is supposed to be bullish ?
also isn't this shit supposed to be a currency ?
You're doing it wrong.
No one wants lightning. This isn't an opinion but a simple matter of fact. The amount of bitcoin tied up in lightning is pitifully small and the channel growth is pathetic. At any time 99.999% of bitcoin going through the first layer.
corona is 100% for sure hoax means created opportunity for grabbers Trump already wrote billion $ checks to solve nothing problem from our tax payers pockets.
You think to tps matters? It doesn't. The killer app here is getting rich and therefore Bitcoin will pump forever. And even if tps does matter, lightning has you covered. If Bitcoin fails the whole crypto space fails. Nobody is going to give a fuck about some new coin with a high tps when they have to pay capital gains tax to the IRS for every purchase anyway. Plus you sacrifice all the opportunity cost of spending a brand new asset class with massive appreciation potential. We already learned this lesson with Bitcoin pizza guy 10 years ago but apparently it still hasn't sank in
after the halving shit is going to explode isnt it? its being kept down due to price supression right?
holy shit shut the fuck up lmfao
>The killer app here is getting rich and therefore Bitcoin will pump forever
Doesn't make sense
>If bitcoin fails the whole crypto space fails
Which could happen. Your meme currency isn't some protected class retard
>The rest
The fanciful delusions of someone still clinging to the idea of becoming a millionaire off of investing $1000.
You have no idea what you're talking about. The lightning balance you see is for public nodes that advertise channels. Every single major wallet these days uses unadvertised private channels that don't show up in that calculation
>You think to tps matters? It doesn't. The killer app here is getting rich and therefore Bitcoin will pump forever.
literally describing a ponzi
hop you don't rune out of sucker and don't forget the higher the price the more sucker you need to sustain it ;)
5M not moved since 2016
14.05M not moved for the last 365 days.
>so that mean that less than 1M coin have moved in the last year you the year where btc went from 4k to 14k then back to 6k
Has nothing to do with volume , it simply meassures coins that went to sleep.
The rest of coins in circulation even tough they are less and less are moving more and more volume.
In fact btc volume is on the average 4x the one of the ath.
coinmarketcap.com
>and this is supposed to be bullish ?
Extremly bullish because it means people trust this more than fiat, since people in fiat are moving to PMs or real estate , meanwhile colossal ammounts of btc are going dormant which means their owners trust it as a currency.
If they exist in private channels then how do you know any appreciable amount is moving through them?
>your face when
What's the point of even using it? It's not secure. There are no businesses that are using Lightning.
99% of bitcoin volume is fake. Get with the times
Then the entire crypto asset class is doomed so you shouldn't even be posting here. Nobody gives a flying fuck about transactions.
Imagine a toilet paper frenzy but for Bitcoin, and you were too smart to have bought in early. Good for you!!
>Then the entire crypto asset class is doomed
Defeatism isn't an argument, moonboy.
BlockStream Kikechain LMAO
Fuck you all.
Welcome to crypto dumbass. You admit we aren't here for payments so tps doesn't matter. We all need to band together behind Bitcoin which is the only realistic chance we have to make it. Instead we are fragmented and shilling startup shitcoins to each other when we should be concentrating our capital in Bitcoin and getting more people to buy in
>dude pump my bags please!!
kek
>3M in May
lol but I’ll be dead by then * cool coof coof *
so it's a completely useless asset who's value is based on nothing but speculation, and somehow it's guaranteed to moon even tho money can be made by crashing the price ...
My bags are light as a feather because I actually see this shit clearly. What shitcoins are you holding?
People are quickly quickly fucking realizing that this abysmal price is about 10x too cheap. seriously guys, you need to get at least one for the citadel.
THIS
support the cause!!
Its value is the magnetic appeal it has in attracting people wanting to get rich. It will have multiple cycles of this until everyone is in and price appreciation slows. The game theory is designed for it to pump forever. Don't underestimate greed, we are still very early. Its the must bullish thing on planet Earth.
Can't wait to meet you at the citadel frens.
who's that freaky fucker
For all you doubters, imagine you wake up one day and see the biggest green dildo ever. Then another. Then another. And you have been following this shit forever but too smart and logical to buy in. Muh tps, muh fees. It doesn't matter anymore because now you are left behind. All your friends know you're a fucking nerd that goes to Yas Forums so they ask you if you already have some. No, you're holding biz memecoins. Now you feel emotion for the first time. Its fomo, so you buy. You and everyone else on Earth all the way to 1 million per coin.
>Its value is the magnetic appeal it has in attracting people wanting to get rich.
so it's a ponzi scheme
> Don't underestimate greed, we are still very early. Its the must bullish thing on planet Earth.
you seems to forget that peoples will actually cash out, especially if they're only in for the gains, what happen when the balance of money coming in and the one coming out is tipped in the wrong way ?
because it's clearly happening right now, despise record low number of btc in circulation the price has yet to reach new high
a guy you don't want to meet in the dark streets of russia
what does that even mean?
Record low number of btc in circulation was when satoshi released the Genesis block. We are record high right now obviously. Because you don't even understand that, anything you say is immediately invalidated
>so it's a ponzi scheme
BTC is not a ponzi scheme , ponzi schemes work on selling something like shares to a growing ammount of people.
Bitcoin has a lower ammount of shares so to speak.
If you want a ponzi look at the stock markets this days.
fred.stlouisfed.org
or at fiat currency
Is .7 enough for the citadel? I have 25 ETH so could sell some of that into BTC but I figured if BTC moons so will ETH. Thoughts?
My cock can only get so hard dudes
what if those coins belong to governments?
Turning 1000 into millions is a dream but turning 1000 into 10k or 50k is basically life changing for someone who makes that in a year
I think the hopium curve and bull cases (nascent currency) are valid overall. If we're going by what happened in the past there's always strategic stories placed in the media whenever the bull run is cleared to start.
For bear scenarios even the hyperwave theory makes more sense than permabear to 0 theory. To get to that breaking point - exchanges and successful traders keep liquidating small traders. Big money dumps their BTC for real money and never buy back in. By the time small traders capitulate, the big traders together with the exchanges can wash trade the supply they control up. As long as miners are profitable - the difficulty adjusts etc., there'll always be a niche case for btc and potential for wash trades up once enough of the supply is controlled.