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?
What do we do here? Just keep buying? Wait for a pullback? Obviously not selling.
Buying Bitcoin in July of 2017 was one of, if not the best, financial decisions I ever made. Perhaps I was just lucky, but man am I glad that things turned out the way they did. Bitcoin all time high at $75k+ is wonderful. I'm excited to see the day where it enters the 6 figure territory. To the moon we go ladies and gentlemen.
Lucky to live in the timeline but not lucky to understand Bitcoin's value.
Buying Bitcoin in July of 2017 was one of, if not the best, financial decisions I ever made. Perhaps I was just lucky, but man am I glad that things turned out the way they did. Bitcoin all time high at $75k+ is wonderful. I'm excited to see the day where it enters the 6 figure territory. To the moon we go ladies and gentlemen.
Happy for you
Not exactly, when fiat is finite.
I wish I had infinite fiat to convert to finite btc.
That's Saylor's gig.
Told my son just tonight to open a Fidelity account and start buying MSTR and gave him the nutshell version. Figure between that and bitcoin(which he already started buying), if he grinds for a couple years in his early 20's he could set himself up for quite a life.
Told my son just tonight to open a Fidelity account and start buying MSTR and gave him the nutshell version. Figure between that and bitcoin(which he already started buying), if he grinds for a couple years in his early 20's he could set himself up for quite a life.
I have some MSTR but not sure why I have it instead of FBTC or whatever etf in my tax free account. Had it since pre etf and haven't bothered selling I guess. But intuitively would prefer having btc etf rather than MSTR.
I have some MSTR but not sure why I have it instead of FBTC or whatever etf in my tax free account. Had it since pre etf and haven't bothered selling I guess. But intuitively would prefer having btc etf rather than MSTR.
I also wanted to just buy the etfs but unfortunately here in the UK despite being able to buy US listed shares, we are not allowed to buy the etfs. I bought MSTR instead after watching a Saylor interview.
trading bot crypto season 2025, anyone wanna study group build one? Dm me
c++, rust, api
And I'll suck it, I promise.
It's not the time to arbitrate on the way up... just buy and hold
You have a finite amount of funds that you can hold in fiat or BTC.
All else being equal; that is, assuming it's not your full bank-roll, ignoring trading fees/time etc, assuming you are a skilled trader, etc.
You either think:
BTC is going up (at least in the short-term) and so funds are best held in BTC, or
BTC is going down short-term, and so funds are best kept in fiat
Therefore ALL funds at any time, should either be held in BTC or fiat.
So, if you're "obviously not selling", then you should be buying (holding all funds in BTC.) "Waiting for a pullback" is not buying, which is essentially the same as selling, and if you think there will be a better time to buy later, then you should sell all your BTC.
$77k
You have a finite amount of funds that you can hold in fiat or BTC.
All else being equal; that is, assuming it's not your full bank-roll, ignoring trading fees/time etc, assuming you are a skilled trader, etc.
You either think:
BTC is going up (at least in the short-term) and so funds are best held in BTC, or
BTC is going down short-term, and so funds are best kept in fiat
Therefore ALL funds at any time, should either be held in BTC or fiat.
So, if you're "obviously not selling", then you should be b
Let me know when you've figured out with certainty how the market will act in the short-term. You're playing strawman. I was simply trying to gauge thread opinion on where we go next in the short-term after the election pump. Assuming you've been in this market over the long-term, pullbacks after pumps are pretty common but also unpredictable. I won't be surprised if we keep pumping into the 80s or pull back to the 60s. My apologies that you didn't like the way I phrased it. It's not as binary as you're making it out to be.
Let me know when you've figured out with certainty how the market will act in the short-term. You're playing strawman. I was simply trying to gauge thread opinion on where we go next in the short-term after the election pump. Assuming you've been in this market over the long-term, pullbacks after pumps are pretty common but also unpredictable. I won't be surprised if we keep pumping into the 80s or pull back to the 60s. My apologies that you didn't like the way I phrased it. It's not as bi
I'm not a trader, so please take what I say with a lot of salt, but in my opinion going back into the 60's now would be not good and to me would seem somewhat bearish.
I've seen many people who have posted price targets of 150k-500k for 2025/early 2026.
I'm more thinking it will be ~115k ish. Previously in this thread I posted 80-150k range.
I don’t disagree, but that doesn’t mean it’s not possible.
Anyways, I’m mostly a long-term buy and hodler. But if I can get it at $70k instead of $78k, then I’d rather do that.
Arbitrage players regularly get pwned by buy and hold investors over a long enough time line... it's kind of an accepted reality.
that being said, anything is possible.
If you correctly hedge your arbitrage or long/short play, you may be able to come close or slightly exceed a buy and hold strategy... but that is a LOT of work and margins are razor thing for your ROI.
if you have the time to stare at the screen 24/7, then by all means go ahead.
I don’t disagree, but that doesn’t mean it’s not possible.
Anyways, I’m mostly a long-term buy and hodler. But if I can get it at $70k instead of $78k, then I’d rather do that.
It's still early of breaking out this channel. I'm not big on trading patterns and what not, but I think they are more reasonable with longer time frames and depending on how you look at the price action of the last several months to years there is a channel and a cup+handle pattern it just broke out of around ~70k, personally, if you're deciding whether or not to buy here I think you should buy and hodl at this level rather than wait until it goes to 70k.
It's been bouncing between 60k-70k for the last several months, so the time to buy was then or before then.
