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?
Both Presidents will print mind numbing amounts. That money eventually ends up invested into assets and inflating asset prices over the following 12-16 months.
China also has a $1.2T stimulus bazooka about to launch. Possibly more if Trump wins.
Bullish either way but with Trump we may get some sort of US Gov't buying or game theory playing out.
yes, of course...long term trajectory
but why up so much in the last week or so was more what i am asking and if that is just moving in tandem with trump winning
yes, of course...long term trajectory
but why up so much in the last week or so was more what i am asking and if that is just moving in tandem with trump winning
No one knows. Lots of people (analysts, influencers) will posit all sorts of theories. Here's one: The bull run usually starts in earnest ~6 months after the halving, which occurred on April 19. Here's another: Uptober—i.e., historically, BTC pumps during the month of October. Here's another: Israel's retaliation against Iran was contained and proportionate, lessening the likelihood of a full-scale war between them. Here's another: China is about to begin $1.4 trillion of quantitative easing.
None of these explanations has anything to do with the (misguided?) perception that a Trump victory is a foregone conclusion.
Saylor going full bull-tard. I think buying MSTR at its current premium to NAV (2.5x) will have questionable returns if you hold through the bear market, but if it turns into a discount to NAV again in the next bear market like it did in late 2022 - early 2023 it’s probably worth backing up the truck in your IRA’s and HSA’s.
where's the 'tard' part?
eggs in a basket?
you mean Moby-Dick...
Price is all over the place today.
Depending on the results of the election is looks like ATH or -15%.
Congrats to all hodlers, especially those with the intelligence, vision and commitment to have been holding for over a decade.
What on earth is Microstrategy going to do tomorrow. Surely it will end up in the S&P in the next 12 months.
I have a close friend who has north of 5B AUM directly who is/was stressing hard on this election waiting for the results to figure out where he needed to park it. My next move is to convince him he needs bitcoin exposure on all of his balance sheets. He already knows of and has a little bitcoin, the big picture just hasn't clicked yet.
The future of America is now orange, it appears. In more ways than one. I think I'm changing careers guys.
Boom+
Cubes having an absolute meltdown right now.
Moon, baby, moon.
Isnt Cuban pro bitcoin? I vaguely remember him giving $100 free on voyager a while ago
😀
so we sell the news and buy anything below 55k before january 1st ?
after that you never see anything below 80-90k ever ?
tooth got finally clubber.
he lost.
0O
his a freakn billionaires lol.
you think trump at the helm will hurt billionaires ???
Have you been paying attention at all for the last 2-3 months?
He’s mostly a crypto LARP and famously said he would rather have bananas than Bitcoin circa 2019.
