Where Have All the Buyers Gone

Public Service Announcement

Real quick, be sure to read through today’s insight because we have a FREE gift for everyone today! Around the office, we call her MONA. Where Have All the Buyers Gone

Charlie Morris from ByteTree recently posed the question, “What do silver, Tesla, emerging markets, junk bonds, and bitcoin have in common?”

His answer, “They are traded by speculators.”

We couldn’t agree more… and we would argue nothing has changed since the summer of the ICO. For those not around in 2017, junkies were clawing their way through forums fiending for their next hit. The rush of turning $10,000 to six-figures in a matter of days was euphoric. Unfortunately, a few months into 2018 the euphoria wore off and speculators were left hooked wanting more.

Fast forward three years and billions, if not trillions, lines of code later… Speculators are the main resident in crypto. It’s just how it is. There is nothing wrong with it. After all, the scene is still in its infancy with a massive upside.

However, there is an issue with speculators being the dominant player in the Bitcoin. Which is demand needs to grow. Remember, Bitcoin has inflation. Every 10 minutes new supply is minted and added to supply. This is why demand needs to consistently grow with it just for prices to remain unchanged.

Now the thinking three years ago was usage and adoption would pick up by now. 2020 was the year. Friends and family would be using crypto without even knowing they were. Creating consistent and growing demand to take prices to historic highs.

Today we look forward to next month’s halving event where the rate of new supply gets chopped in half. Many believe prices will rocket higher ahead of time or soon after. You might even be reading this thinking we will give our opinion on whether the price will rise or fall. Well, we are sorry to disappoint you. At Jarvis Labs, we don’t think it matters. That’s because if the halving pushes prices higher or lower we will continue to rip thousands from the market each week. Hunting Trophy Fish

Earlier we referenced Charlie Morris from ByteTree. If you’ve never check them out, go ahead and do so… we’ll wait. It’s essentially a real-time network health tracker. The team over there tracks Bitcoin demand, transaction, miner wallets, and many other statistics in order to gauge the health of the network. They then disseminate this information freely on their website.

We mention this in order to explain why we at Jarvis Labs differ. We track value on the network. Specifically, how much value is flowing, who’s moving it, where’s it going, and most importantly, what does it mean for Bitcoin’s price tomorrow.

We take this information and cram it through our Artificial Intelligence/Machine Learning algorithm Bloodhound, Jarvis. Through Jarvis, we can uncover the trophy fish speculators – The Market Makers. Why? Because through years of building Jarvis we’ve learned Market Makers drive the market. So in order to know what Bitcoin’s price will be tomorrow, we track their covert army crawl movements across the blockchain. Then pair it up with years of data to decode their habits.

It’s why we aren’t too worried if the halving leaves price unchanged… Because we follow the most influential class of speculators and front them at their own game.

If you want to learn more be sure to reach out to Ben on Telegram. He can get you set up with Jarvis, churning out a profit while you sleep.

Getting back to the Market Influencers for a minute… Here’s one of them.

Notice the white arrows, they represent the last 5 movements of this particular wallet in relation to Bitcoin’s price. As you can see, they send Bitcoin to exchanges at opportune times.

We pair this wallet up with the rest of his or her wolf pack and suddenly the bigger picture emerges. One of the wallets of the wolf pack is Pablo, a wallet we shined the light on a few weeks ago… One we are tracking today as he prepares his next move. In case you were wondering, Pablo, is no longer shuffling. He’s poised and ready. As is Jarvis. The market is made of speculators and tracking them is what we do at Jarvis Labs. Through our bot, we make money while asleep. Come join us. MONA To those that made it this far, we have a special gift for you today! It’s your personal Bitmex Trading Assistant, MONA.

MONA monitors your BitMEX trades, balances, and sets price alerts from your mobile device, laptop, or desktop from anywhere in the world. You can get your free copy today @Mona_jarvis_bot on Telegram. Be sure to also join our Telegram to get occasional market updates. Until next time, we’re on the scent…