1/ย  We've reached a critical inflection point in bitcoin's adoption curve.

A moment wholly unique in the history of markets.

Are you ready for what comes next? ๐Ÿ‘‡

#Bitcoin

2/ A perfect storm of demand dynamics is driving #Bitcoin price.

I think something shifted in the market -- and active investors & traders would do well to adjust their mindset.
3/ After years asleep at the wheel, institutional leaders are now jarred awake, en masse.

If they want this asset: they'll have to hustle, compete with the masses and FOMO in above ATH's.

Against a backdrop of scarcity unlike anything they've ever seen.
4/ They will buy *all* dips.

Their bots will not stop buying.

There isn't enough supply for all of them, and they know it.
5/ And the whales who accumulated much lower?

How much appetite will strong hands have to market sell, just to run stops?

In the opening hours of the greatest bull market of their lives.

In a liquidity crisis.
6/ This is why the halvening was never priced in.

This is why I think #Bitcoin goes to $35k-$40k, before a shakeout much worse than anything we've seen so far.

Iโ€™m not saying we teleport to $40k instantly.

Just small gains, pretty much every day, for many weeks.
7/ I could be wrong about this -- that's certainly happened before.

But this scenario would not be unprecedented:

This same thing happened in 2017, when #BTC broke previous ATHs after multiple tries.
8/ย  If you feel like you don't have enough exposure:

*Don't* throw risk mgmt out the window -- because we can't know for sure if I'm right.

Buy gradually -- on small pullbacks, at the weekly TWAP, BTC's time-weighted average price.

https://t.co/DSutfD4HXP
9/ย  Free tradingview indicator for checking TWAP:

https://t.co/YznxJI4E42
10/ย  How will you know when we're approaching the local top?

I will look to two metrics:

(and neither one is funding -- funding will be useless if this scenario plays out).
11/ The first is Short Term Holder MVRV, from @glassnode.

I consider this the alpha metric on-chain for finding local #BTC tops.

I want to see STH-MVRV print above a 1.5, then make lowers lows.
12/ The second is Whale Exchange Ratio.

On Gemini exchange: this metric was never wrong in 2020.

Gemini whales are #Bitcoin 's secret bellweather.

(Data from @cryptoquant_com)
13/ I'll be watching closely to see how all this plays out.

And regardless of the result - I feel grateful.

After enduring the long crypto winter, we're finally here at the beginning of something special. ๐Ÿ‘Š

More from Crypto

You are running out of time to get ahead in cryptocurrency.

You know what's coming:

๐Ÿ”บ๏ธ Regulation
๐Ÿ”บ๏ธ More shutdowns
๐Ÿ”บ๏ธ Banks deciding who gets to do business

It's time you got your own crypto wallet.

Don't know how? I'll show you.

/////THREAD\\\\\

METAMASK

What's metamask? It's a wallet. That you -- I mean YOU -- own.

You see, when you buy crypto through an exchange like CoinBase, you own it but only kind of.

If they get

๐Ÿ”บ Hacked
๐Ÿ”บ Shutdown
๐Ÿ”บ Servers crash

-- your money is STUCK.

We are gonna avoid that ๐Ÿ‘‡


First thing,

Go to

https://t.co/JXAp9o5RzJ

You can download it on your computer. It's a browser extension.

Alternatively, go to the app store on your Android or iPhone. It's there too.

As part of the setup process, you will choose a password.

More importantly though...

SEED PHRASE

As you follow the setup process, you will be given a 12-word seed phrase.

WRITE. THIS. DOWN.

Take it down and guard it like the map to Davey Jones' Locker.

THESE ARE THE ONLY WAY TO RECOVER YOUR ACCOUNT.

DO NOT LOSE.

We good? Great.

Let's continue.


Once you're all setup, your MetaMask wallet is going to look something like the picture below.

See where it says Crypto Address? That's where your actual address will be.

It'll be a random arrangement of letters, numbers, etc.

Click on it to copy to your clipboard

NEXT STEP

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Trump is gonna let the Mueller investigation end all on it's own. It's obvious. All the hysteria of the past 2 weeks about his supposed impending firing of Mueller was a distraction. He was never going to fire Mueller and he's not going to


Mueller's officially end his investigation all on his own and he's gonna say he found no evidence of Trump campaign/Russian collusion during the 2016 election.

Democrats & DNC Media are going to LITERALLY have nothing coherent to say in response to that.

Mueller's team was 100% partisan.

That's why it's brilliant. NOBODY will be able to claim this team of partisan Democrats didn't go the EXTRA 20 MILES looking for ANY evidence they could find of Trump campaign/Russian collusion during the 2016 election

They looked high.

They looked low.

They looked underneath every rock, behind every tree, into every bush.

And they found...NOTHING.

Those saying Mueller will file obstruction charges against Trump: laughable.

What documents did Trump tell the Mueller team it couldn't have? What witnesses were withheld and never interviewed?

THERE WEREN'T ANY.

Mueller got full 100% cooperation as the record will show.
I'm going to do two history threads on Ethiopia, one on its ancient history, one on its modern story (1800 to today). ๐Ÿ‡ช๐Ÿ‡น

I'll begin with the ancient history ... and it goes way back. Because modern humans - and before that, the ancestors of humans - almost certainly originated in Ethiopia. ๐Ÿ‡ช๐Ÿ‡น (sub-thread):


The first likely historical reference to Ethiopia is ancient Egyptian records of trade expeditions to the "Land of Punt" in search of gold, ebony, ivory, incense, and wild animals, starting in c 2500 BC ๐Ÿ‡ช๐Ÿ‡น


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Great article from @AsheSchow. I lived thru the 'Satanic Panic' of the 1980's/early 1990's asking myself "Has eveyrbody lost their GODDAMN MINDS?!"


The 3 big things that made the 1980's/early 1990's surreal for me.

1) Satanic Panic - satanism in the day cares ahhhh!

2) "Repressed memory" syndrome

3) Facilitated Communication [FC]

All 3 led to massive abuse.

"Therapists" -and I use the term to describe these quacks loosely - would hypnotize people & convince they they were 'reliving' past memories of Mom & Dad killing babies in Satanic rituals in the basement while they were growing up.

Other 'therapists' would badger kids until they invented stories about watching alligators eat babies dropped into a lake from a hot air balloon. Kids would deny anything happened for hours until the therapist 'broke through' and 'found' the 'truth'.

FC was a movement that started with the claim severely handicapped individuals were able to 'type' legible sentences & communicate if a 'helper' guided their hands over a keyboard.