Hello!
There is a wallet that is accumulating more than 100 BTC a day. Remember that there are only 450 Bitcoin being mined each day, so this means that this wallet alone is eating 20% of the new supply.
Who is the owner of this wallet?
I don't know. It could be a cold wallet of an exchange, maybe this are not bought coins, just transferred coins. Who knows.
I bring this to the table to show you that it's very easy to suck up all the new supply. Just a few milions per day are needed to stay flat. Just imagine if there is more people buying...
Oh, it actually happened yesterday.
EFTs alone just bought 6,000 Bitcoin. Numbers are higher than I expected. It will take off soon, stay strong my friends.
Take a look at the chart:
We got 8 straight days of massive inflows. Sentiments have changed. Bullish mode activated. Last call to jump on board.
There is a lot going on right now. Altcoins are at a good entry point too. Some of them have suffered a lot with the last Bitcoin price correction. For example, Rune, one of my holdings is trading now at $4 and 4 months ago peaked at $11. If I had free cash available I would still be buying at this price.
I have focused all my efforts to paying out the mortgage, and so far it feels great. The worst part is that I can't take more skin in the game, but the peace of mind is the best feeling ever.
I hope you had a great day!
Staaaaaaaaaaaaack fast boys!
Posted Using InLeo Alpha