My name's Wicked โ๏ธ๐๐ป.
I'm an apple who loves art, math, programming, and Bitcoin.
Exit fiat, save in bitcoin, and take it into self custody.
Learn UTXO mgmt.
https://wickedsmartbitcoin.com/
Interesting development for the bitcoin DCAers...those who started DCAing right before or anytime after the most recent leg up (in early October 2024) is now in the red. Everyone else who started DCAing earlier than that is still in the green.
Who's selling their bitcoin? Well...if we look on chain, most of the movement over the past year has come from 1-5 year old coins.
Short term HODLers: 5.82M BTC -> 7.54M BTC
Medium term HODLers: 7.64M BTC -> 6.22M BTC
Long term HODLers: 6.12M BTC -> 6.07M BTC
Just learned that CoinMarketCap has historical snapshots all the way back to April 28, 2013...I might just have to build a crawler to go through every historical snapshot and then make an animation showing Bitcoin dominance versus the top 10 shitcoins (excluding stables).
Imagine using money whose supply you canโt personally audit.
Bitcoin's the only widely accepted form of money whose supply anyone with a $200 computer can fully verify.
This is one of the key things that sets Bitcoin apart from everything else.
Every time I upload some media to nostr, I always worry about whether I accidentally selected a personal picture that would somehow dox me instead of whatever stupid meme or animation Iโm trying to post. ๐
I'd love to see something like this happen. Total capitulation of the short term bitcoin bulls, shitcoins even more rekt, and then a strong bounce off of the 200 DMA.
At $100k bitcoin, it's crazy to think about how valuable some of these UTXOs are.
The most valuable UTXO is worth $15.6B.
75 UTXOs are worth between $1B and $10B.
1,737 UTXOs are worth between $100M and $1B.
22,342 UTXOs are worth between $10M and $100M.