Bitcoins - digital currency
Bitcoin is a peer-to-peer digital currency. Peer-to-peer (P2P) means that there is no central authority to issue new money or keep track of transactions. Instead, these tasks are managed collectively by the nodes of the network. Advantages:
- Bitcoins can be sent easily through the Internet, without having to trust middlemen.
- Transactions are designed to be computationally prohibitive to reverse.
- Be safe from instability caused by fractional reserve banking and central banks. The limited inflation of the Bitcoin system’s money supply is distributed evenly (by CPU power) throughout the network, not monopolized by banks.
Total size 5,811,700 BTC
or 4,585,431 USD
or 3,545,137 EUR
or 133,094,323 RUB
or 3,849 ounces of gold
Any value to this idea or will it never work?
59!
Sold a little bit early. This stuff just makes me nervous. Helping me pay off my house though.
In at 17000 out at 35k and rest at 50k lol
60k!
61k
58k Gang in shambles.
and it's just starting...
there is literally more than 500 million dollars... PER DAY... of net inflows of capital.
ETF’s gobbling up 10x the daily supply
At this rate the prior ATH will be breached before the halving which has never happened before.
Price already broke below a prior ATH (20k in 2017) when bottoming at 15.6k in December 2022, so a cycle of firsts on multiple fronts.
Crazy stuff. 62.5k
$69,420 before the halving? :shocked:
Wow, this is insane!
Probably been asked many times, bit what's the recommended wallet, not for spending.
Trezor - used open source, so this is good?
Ledger - private keys may be accessible?
Anything 100% air gapped is the way to go, right?
What is the most user friendly?
Trezor is great. Get some steel to store your seed.
K, I was thinking that too.
Is it common practice to get several Wallets to reduce risk? But then than increases other risks/losses I suppose.
Wow, this is insane!
Probably been asked many times, bit what's the recommended wallet, not for spending.
Trezor - used open source, so this is good?
Ledger - private keys may be accessible?
Anything 100% air gapped is the way to go, right?
What is the most user friendly?
https://coldcard.com/ for just btc
Thanks housenuts
Coinbase: funds are safu
4
Just went all in at the 63,717.50 peak figuring it can only continue to go up and it instantly goes down 4 k. Now I gotta sell at loss fml
Kiss that hundro goodbye.
Name checks out
Any knowledge on why the miners all **** the bed today while BTC was pumping?
The consensus opinion on what is driving this has to be the ETF, right?
After that what would come 2nd....general market frothiness in high beta assets or the halving?
so etf then 1 of those 2 in order?
The consensus opinion on what is driving this has to be the ETF, right?
After that what would come 2nd....general market frothiness in high beta assets or the halving?
so etf then 1 of those 2 in order?
It's like they say in real estate, What are the top 3 factors in determining the value of a property? Location, location, location.
What are the top 3 reasons BTC is pumping right now? ETFs, ETFs, ETFs.
You might throw in shorts getting wrecked, or anticipation of the halving, or the Fed's expected pivot (from raising interest rates to lowering them), but I don't think any of these reasons comes close to the importance of ETFs gobbling up >10x the new supply each day.
This is more my opinion than a consensus opinion. I've been a BTC investor for 6+ years, and price action is extremely volatile. On any given day, you can google "Why is BTC pumping/dumping today?" and see a variety of theories. Many of these are merely associations with no proven causal relationship.
For example, earlier today the price of BTC dropped ~5% in ~25 minutes. Around the same time, Coinbase was experiencing some technical issues that prevented some users from seeing their balances and trading. Some observers speculated that the temporary Coinbase outage caused the sharp price drop. Is this explanation accurate? I have no idea.
