Cryptocurrency

[scooterscot]

A BTC/USD chart that might blow your socks off

Recently the Stock to Flow indicator went vertical (the light green line). A restriction in supply was previously observed prior to the halving, nothing new there. What is striking on this occasion is just how far up it has have gone.

Either a false signal or current restriction in supply following the halving will push price up to around $180k early 2022. And that won't be the high, as you can see from chart below the S2F indicator folds over to the right to act as support on price at some point in the future, whereby a manic rally will follow. This is why I'm not concerned about my bitcoins swinging about under $20k, cause the future price action is mind blowing.

47 million millionaires in the world. They couldn't all have a single bitcoin between then.

[BR14]

why don't you take up wallpaper design?

[Zigenare]

why don't you take up wallpaper design?

Because he'd be crap at that too.

[_V_]

Recently the Stock to Flow indicator went vertical (the light green line). A restriction in supply was previously observed prior to the halving, nothing new there. What is striking on this occasion is just how far up it has have gone.

Can you please explain what the green line is and what is represents? Stock to flow indicator, never heard of it.

[Lance]

Can you please explain what the green line is and what is represents? Stock to flow indicator, never heard of it.

No. He can't.

HTH

[scooterscot]

Can you please explain what the green line is and what is represents? Stock to flow indicator, never heard of it.

"Stock to Flow Ratio is the amount of a commodity held in inventories divided by the amount produced annually. It is a measure of abundance. Gold has the highest stock to flow ratio of all commodities and as a result it should never normally remain in backwardation as there is no shortage of gold."


1800 new Bitcoins are minted or rather mined every day to satisfy the demand at the current price. In May this year that supply will drop to 900 per day until 2024 where it'll further decrease to 450 and so on...

The green line is a measure of available BTC. As with the previous halving BTC gets locked up, stored. The indicator is a marker of that.

[Lance]

Can you please explain what the green line is and what is represents? Stock to flow indicator, never heard of it.

but he can google "Stock to Flow Ratio" and paste the first answer for you

[_V_]

"Stock to Flow Ratio is the amount of a commodity held in inventories divided by the amount produced annually. It is a measure of abundance. Gold has the highest stock to flow ratio of all commodities and as a result it should never normally remain in backwardation as there is no shortage of gold."


1800 new Bitcoins are minted or rather mined every day to satisfy the demand at the current price. In May this year that supply will drop to 900 per day until 2024 where it'll further decrease to 450 and so on...

The green line is a measure of available BTC. As with the previous halving BTC gets locked up, stored. The indicator is a marker of that.

Okay, but the halving hasn't occurred yet this year, so why the sudden vertical line now?

[scooterscot]

Okay, but the halving hasn't occurred yet this year, so why the sudden vertical line now?

It is safe to say this 3rd halving is the most anticipated of any BTC halving before it. Therefore more and more people are holding it instead of trading it.

The S2F model smooths the average daily stock to an annual ratio to produce the signal. When a given day throws a wobbler in the supply versus that demanded, it shoots up.

In one of my groups we track who is exchanging bitcoin for services. Got a fascinating report last week. In short, governments, nation states are using btc on the darknet.

[Zigenare]

It is safe to say this 3rd halving is the most anticipated of any BTC halving before it. Therefore more and more people are holding it instead of trading it.

The S2F model smooths the average daily stock to an annual ratio to produce the signal. When a given day throws a wobbler in the supply versus that demanded, it shoots up.

In one of my groups we track who is exchanging bitcoin for services. Got a fascinating report last week. In short, governments, nation states are using btc on the darknet.

Of course they are. Nurse!!!