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?
Making a run at 68k
Has Haralabos ever indicated how much BTC he owns as I know he has given a load of interviews?
Does it make any sense currently miners aren’t doing well because halving coming and people think (wrongly) we are near the top for bitcoin price ?
I got a feeling many will cry when Bitcoin breach 80-90k ?
Haralobob and Micon probably have *at least* 500M between them, and there are surely quite a few old poker pros that are 9 figure whales now.
Poker community easily into the billions.
Has Haralabos ever indicated how much BTC he owns as I know he has given a load of interviews?
He’s a billionaire. On UpOnly he kinda gave it away when they asked him about buying an NBA team. He went all in when btc dipped to 3800 sold everything he had. Blitz told him he was foolish to do so, look who’s laughing now lol.
Back in BigPokerSunday’s Bob did say his networth was less than 9figs. (PokerRoad years, Huff hosting)
Does anyone have a take on MSTR? I know they bought a ton of BTC at avg of 30k but don't really understand why it goes up multiples more than BTC does.
Are their other businesses real? I just know Saylor is a billionaire now but he seems like a bit of a huckster.
MSTR is essentially a leveraged BTC fund with a small software business attached. Saylor uses the cash flows, debt and share offerings and dumps it all into BTC. I think he's going to keep levering up.
Does it make any sense currently miners aren’t doing well because halving coming and people think (wrongly) we are near the top for bitcoin price ?
I got a feeling many will cry when Bitcoin breach 80-90k ?
I had to dump my miners as I've got no clue what's up with this market. MSTR and chill
Maybe lot of you knew about it but I didn’t …
If only I knew about it I would have bought at that time …
At what time, Feb. 8, 2024?
Fundstrat's Tom Lee, who is a regular guest on CNBC, gave a presentation in 2018 in which he recommended a 2% (conservative) or 5% (aggressive) portfolio allocation to BTC. See the last minute of https://www.youtube.com/watch?v=GGberGnx....
This idea has been discussed for many years and will only gain more adherents in the future.
I disagree. I remember what I felt like in May 2021 and again in November 2021. I'm normally fairly discreet and private, but I could not contain myself from sharing the size of my crypto portfolio with half a dozen friends and family members. That was euphoria, and I don't feel anything like that now. We're still 7 weeks away from the halving; it feels very early in this bull cycle to me.
Yes, it's euphoric in the sense that it feels like this is just the beginning... that the price action is pretty unprecedented from previous cycles given that we're a stones throw away from ATH and about a month away from halving. I don't know what to expect this year/next year. My thoughts of how 2024 were going to go this early in the year has really been blown out of the water this last month or so.
Going to take the under on $150k this year.
Would be happy to be wrong, but this price action is clearly over heated imo.
Wen dip?
Grabbed this the other day on a solid rec from bitcoin land. A glimpse into our near-future where the fiat-rich get absolutely wrecked over a couple generations:
Let’s ****ing go crackheads
At what time, Feb. 8, 2024?
Fundstrat's Tom Lee, who is a regular guest on CNBC, gave a presentation in 2018 in which he recommended a 2% (conservative) or 5% (aggressive) portfolio allocation to BTC. See the last minute of https://www.youtube.com/watch?v=GGberGnx....
This idea has been discussed for many years and will only gain more adherents in the future.
Yes of course but it actuallly happened as a mainstream big fund like fidelity so I think it is pretty significant .
Especially in a conservative fund , gaining from bonds allocation/fix income not equity .
'Dune announced' is also the top of the first 20k leg up.
Are they going to make movies for books 2 and 3? I don't know how they would do that.
How much demand do you guys think the resumed bull market will add to more Bitcoin mining operations? Do you think the demand for GPUs for mining will be like 2016, 2017 again?
