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?
Life is getting exciting. My latest venture is that I'm a door to door window salesman and will be entering the WSOP main event in July. I haven't really been in the Bitcoin thread in awhile or have been thinking about bitcoin that much, but I've been hodling, waiting for the halving for some time. Still planning to sell a small bit once we reach $93k (the sun is 93 million miles away from the earth), but will continue to hodl the majority to the moon. I've transfered all my Shiba Inu and Kucoin shares to Eth a few months back. I'll be unloading my Eth in small quantities in the following years. Bitcoin is the true sovereign.
I hope things have been going good for you as well.
Swongs.
Gonna be real sick when its 150k -> 205k -> 110k
It ain’t over until the fat lady sing
66k
Not news to most posters in here, but I’m sure enough lurkers could benefit from this video.
69.7
Very definitive rejection of 70k
Filing all these new ATH's under the "allegedly happened" category.
Binance future data shows that after Bitcoin broke through the all-time high of US$70,330, it quickly fell to US$67,600. Within an hour, the amount of liquidation across the entire network was close to US$100 million.
DePIN is the new buzzword for those looking at alts. They should do well.
https://www.coingecko.com/en/categories/...
Nvidia conference starts March 17th. This will help AI.
https://cryptoslate.com/cryptos/ai
Betcoin for those keeping balance in BTC or ETH. They added poker. Rare for them to do KYC.
I don't claim to know anything about stocks but COIN is hot.
Snowden says we'll find out a government has been buying.
Secret wallet buying 100 BTC a day since Nov 2022 has over 51,000 BTC now.
Saudi/UAE buying BTC with today's over printed USD ponzi bucks. Drive price of sats up before re-pricing oil in sats. Force every country to buy BTC for oil after they front ran everyone.
The rumor is that Qatar recently started buying BTC.
Trying out 70K again tonight it seems.
I guess we are hitting 80k this week.
$200k top is my prediction although that could take a little time.
All the bullish sentiment means now is the time to sell.
Buy again after the crash when everyone says it sucks.
F
S
At 20k I kept thinking "surely it can't be as easy as buying now and waiting for the halving for the next bull run like clockwork, or everyone would be buying now"
I'm tempted to think similarly about it going to 100k+ now and I have to remind myself that yes, it's actually that easy.
Leading up to the ETF approval, what kind of predictions/estimates were being made for the quantity of bitcoin that ETF custodians would purchase? Has reality outpaced those predictions? Trying to understand how much (if any) the near/medium term outlook on bitcoin has changed since early Jan as a result of the ETFs.
Leading up to the ETF approval, what kind of predictions/estimates were being made for the quantity of bitcoin that ETF custodians would purchase? Has reality outpaced those predictions? Trying to understand how much (if any) the near/medium term outlook on bitcoin has changed since early Jan as a result of the ETFs.
there weren't any projections beyond knowing what the total assets under control of each of these issuers... I don't even think the ETF issuers know how pervasive the buying would be.
Blackrock has 10 Trillion of assets under management... Fidelity probably has 12 Trillion. Perhaps they will limit exposuer to 5% maximum as a fiduciary even though Blackrock did the math in 2022 and recommends that the optimum exposuer to BTC in a portfolio is +85% versus ALL OTHER ASSETS, including real estate, Gold, and Stocks/Bonds.
[URL="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4042239"]Asset Allocation with Crypto: Application of Preferences for Positive Skewness
Posted: 2 Apr 2022
Andrew Ang
BlackRock, Inc
Tom Morris
BlackRock, Inc
raffaele savi
BlackRock, Inc
Date Written: February 22, 2022[/URL]
this probably takes into account the optimal Sharp Ratio for risk versus Reward.
US wars and sanctions on countries seems to be uniting Russia, China and Iran. It is clear these countries will want to dump the dollar to weaken US influence and bring out their own currency among the BRICS. Saudi Arabia also might want to get oil traded in another currency. This has all got to be majorily bullish for Crypto. It looks like they want to use an independent payment system based on technology such as blockchain.
All the bullish sentiment means now is the time to sell.
Buy again after the crash when everyone says it sucks.
Have Fun Selling! 😀
At 20k I kept thinking "surely it can't be as easy as buying now and waiting for the halving for the next bull run like clockwork, or everyone would be buying now"
I'm tempted to think similarly about it going to 100k+ now and I have to remind myself that yes, it's actually that easy.
I have had similar thoughts in the recent past. I'm glad I bought some more BTC during the crypto winter, and HODL'd most of it. The importance of patience in the world of investing cannot be overstated - although with BTC, one doesn't need to be as patient as with "normal" investing.
Anyway, thanks everyone, especially the regular posters, for keeping this thread going. Y'all have helped me make better decisions. ♥
