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?
Co-worker bought $2500 of litecoin in 2017 when btc was around 6k. He liked having dozens of one coin instead of a portion of a real one.
Still hear from him every bull run asking my thoughts on ltc.
Every time I’ve told him to move it to btc.
Look forward to hearing from him in 2028
tbf i thought litecoin would be the winner because of the horrendous fees btc has
and then I later thought bch would be the winner for the same reason
then much later in life, I realized nobody cares about actually using it as a currency
What's going on? Are we going to zero? Should I panic and sell everything? 😮
I think Bill Perkins wrote a book about this one time.
here's what people need to do.
DCA whatever amount is comfortable for you financially into bitcoin every week or month.
stop looking at the price.
touch grass and live your life.
I prefer DCA + BTFD enjoyer, but yes.
I will sell the top then lump sum rebuy deep in the bear
It will probably work right?
top feels like 199k and two years from now.
Arbitrage always works...
🙄
there's not enough liquidity to get to 500k in the short term... that's nearly a 7x from where we are and going from roughly a one trillion dollar market cap to a 9-10 trillion dollar market cap is not happening IN THE SHORT TERM in my humble O. Could it happen... yes, will it happen... doubtful.
A sane price target is 140k-250k
Can someone please answer my question. What does it mean to ape into Btc?
it means lose all perspective and call people trying to give you life saving medical care fiat cucks because they are interrupting your live stream and you're going busto in a year losing 8+ figures and will conveniently blame it all on ftx
Uuuuuuuu uuuuu uuuuu. Ahhhh ahhh ahhhh
there's not enough liquidity to get to 500k in the short term... that's nearly a 7x from where we are and going from roughly a one trillion dollar market cap to a 9-10 trillion dollar market cap is not happening IN THE SHORT TERM in my humble O. Could it happen... yes, will it happen... doubtful.
A sane price target is 140k-250k
global M2 money supply is around $80 trillion, a $10T market cap would be 12.5% of the entire world's money supply. btc could eventually get to 500k if $$$ continue being printed at this rate for the next 20 years or if we see a hyperinflation scenario but yeah not happening anytime soon.
