Compared to what was dropped on the market via Galaxy Digital recently (80,000 BTC) it is still small. The 80,000 BTC only moved the ticker down USD 4k. So 80,000 BTC IN from an inactive wallet and 23,000 OUT. Liquidity is still up. This shows that the BTC market is maturing and will become even more resilient to these actions.

Maybe they do - but I buy most things I need when on special - over many years this adds up. As the saying goes “ Look after the pennies and the pounds will look after themselves”. This is lost on most younger people today as many have lived in a world of plenty and instant gratification built by their forebears.

Duh! They’ve been doing this for decades. Their money is not made by selling cards but through finance, optional extras, car protection, servicing at the dealership. Extended warranties now being offered are quite often tied to dealership servicing and not actually related to the quality and reliability of the vehicle (which is implied by the manufacturer providing long warranties).

Not really - just a drop in the ocean.

I agree. Real money has value in itself. #btc #btc #bitcoin #money I see Bitcoin in the same light as when I travel to another country - say Japan. When I see a product to buy, like a cup of coffee, I do a mental calculation between my base fiat currency and Japanese Yen, then decide if it is expensive, reasonable price or cheap. In some case I may not buy based on this conversion. So I only look at Bitcoin / USD as an exchange rate. My preferred currency, Bitcoin, is improving in value each day!!! I have to use less and less sats to buy real life goods, like food, etc.

Fascinating. Bitcoin last went above 2.4 in early 2021 and has rarely gone anywhere near the magical 2.4 in its life. Accordingly, Bitcoin has been in the sweet spot most of its life - which may actually be the case as it continues to climb to reach its price maturity. 1.19 is nothing special, given it was sub 1.0 in March 25. Notwithstanding, Bitcoin is indicating a downward trend after its most recent jump. So I agree be patient and be prepared for a lower price - especially when the US revalues gold:-) (a trigger not pulled since 1973).

Wish you the best in your endeavours. I expect, if your council is much like other Local Government Authorities worldwide, they will just debate the matter to death ardor put in place processes and procedures that make things harder for the good people of Bedford. Sounds much like a “Bank of Dave” challenge. Glad I emigrated many years ago.

Bitcoin Resilient with big sell!!! #bitcoin #money #crypto-currency Bitcoin shows resilience to Galaxy Digital sale of approximately 9 months mining production of BTC in a few days. Prices dropped by about 4% as the market consumed the released BTC. This market action and results indicates a maturing product, which will require a lot of selling pressure to bring the price down significantly in the future. Admittedly, the total sale was only about 0.065% of world BTC supply BUT that represents the equivalent of 16.72 trillion of the World’s estimated money supply expressed in USD (or about 50% of the US Government debt).

Update on above! Figured it out - Tx Fee being reported was not affecting my balance only reflecting the cost of sending paid by the sender. NOT A SCAM …

Scam Crypto Coindrop #crypto #scam #xrp #xrp #ripple #ledger #coindrop I’m interested in community feedback on the following. I have noticed recently that some of my wallets are receiving very small coin drops of crypto (FREE - Yeah!!); however, the wallet I am using (Ledger - soon to be decommissioned) is also charging a fee greater than the coin drop amount. So the net result is my balance decreases marginally each time - we are talking less than $0.01 - but it annoying. My questions are: 1. Can it be stopped - as the address is on the blockchain - zeroing the wallet and starting another seems possible but I suspect it is like trying to avoid SPAM e-mail by changing e-mail addresses. 2. Is there another method where a wallet can reject certain incoming transactions. The crypto concerned is XRP (Ripple). BTW I am giving up on Ledger after many years due to its closed source code and more modern alternatives where I do not need a magnifying glass to read the small screen (Yes. I know there is Ledger Flex - more like a phone).

Bitcoin update - as I see it #bitcoin #moneysupply Just short note today … keep your powder dry if you are looking to enter the BTC market or stack more. A quick analysis of the recent two bumps in BTC indicates that the first was probably triggered by the Relative Strength Index (RSI) dropping to around 40% (BTC pricing also being at sub USD 100k). The second times well with the End of Financial Year for many countries (30 June), where investor exit losing positions to realise tax losses. At that point the Global Net Liquidity jumped some USD 300 trillion within 48hrs. Starting on 1 July that money had to find a new home - Bitcoin was one place plus other more traditional investments. The Global Net Liquidity has now gone (plus some). What’s the bottom line … IMHO I expect the BTC price to slowly pull back. Expecting a revisit to USD 115k and (maybe hoping) for closer to USD 110k.