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The stock market is halted premarket, but crypto is still trading.
Crypto markets are the true free markets. Open 24/7, with global supply/demand dynamics. Plus on chain analysis gives the flows and movement of coins. That’s probably why BTC price is a precursor to the traditional markets that are closed nights/weekend/holidays.
So at the halving the price of btc doubles within 6 mo or is the fair value that doubles within 6 mo ?
Seems insane that if we are at 70k at this halving next month. we would be at 140k by eoy which sounds insane but maybe i am not understanding it correctly?
Bitcoin supply is not being halved. Its the mining reward that is being halved
not sure what to make of this standard chartered news. are they legit? they went from 100 to 150 very quickly.
Here’s the actual use of Bitcoin:How low will this dip go 🤔
Here’s the actual use of Bitcoin:
“UnitedHealthcare didn’t answer questions about whether it paid a ransom. But experts at the cybersecurity companies Recorded Future and Tenable pointed to a bitcoin wallet that received a payment of more than $22 million Friday. The companies say the wallet, which was viewed by NBC News, belonged to Alphv. Wired first reported the news.”
Patients struggle to get lifesaving medication after cyberattack on a major health care company
The attack on Change Healthcare has upended the lives and work of patients, doctors and pharmacists because of outages in systems used for medical billing and insurance claims.www.nbcnews.com
Nope, just trying to buy my kid’s medicine but the system is down because bitcoin-facilitated Russian ransomware hackers made them shut down the network.senator warren is this you?
Mate the alternative would be that the ransom would be paid with laundered cash or a different crypto. You really believe that there would be no black hatters attacking healthcare systems with 0 netsec if btc didn’t exist?Nope, just trying to buy my kid’s medicine but the system is down because bitcoin-facilitated Russian ransomware hackers made them shut down the network.
No one can name a use for Bitcoin, but there is one, crime.
Nope, just trying to buy my kid’s medicine but the system is down because bitcoin-facilitated Russian ransomware hackers made them shut down the network.
No one can name a use for Bitcoin, but there is one, crime.
True, but real currency has non-crime functions.Crime happens with fiat too.
Was it though? Was this happening in 2012-2016 with regularity like it does now? They would just pull 20 million in cash and just drop it off somewhere? Or 'launder' it and transmit it via a wire using the existing banking system?Mate the alternative would be that the ransom would be paid with laundered cash or a different crypto. You really believe that there would be no black hatters attacking healthcare systems with 0 netsec if btc didn’t exist?
It’s far more likely that this wallet will be blacklisted by most exchanges and used for identification/tracking. But in this case in the public eye on chain rather than privately. Unlike most big money movement that can’t be tracked at all by the public and is just subject to good ol’ public reporting
True, but real currency has non-crime functions.
You know what functions they have. Also, diamonds are closer to crypto since they have perceived value mostly due to artificial scarcity, but at least diamonds are pretty.What functions do gold and diamonds have?
Were ransomware attacks happening in 2012-2016? Yes in fact that’s when they were fairly commonly covered in the media. It was 2016 or 17 that wannacry hit the NHS I believe.Was it though? Was this happening in 2012-2016 with regularity like it does now? They would just pull 20 million in cash and just drop it off somewhere? Or 'launder' it and transmit it via a wire using the existing banking system?
I don't think anybody is actually saying it'll go to zero. That would surprise me.I wish someone will give the date that Bitcoin is going to 0. This thread is going on it’s 4th year and no one has as yet. We’re still talking about Russian hackers, used for only crime and government bans. Y’all are funny. lol
Didn’t they demand payment in Bitcoin?Were ransomware attacks happening in 2012-2016? Yes in fact that’s when they were fairly commonly covered in the media. It was 2016 or 17 that wannacry hit the NHS I believe.
I’m not sure how anyone could comment on regularity given most of these attacks and ransoms are aggressively swept under the rug
You know what functions they have. Also, diamonds are closer to crypto since they have perceived value mostly due to artificial scarcity, but at least diamonds are pretty.
Love for crypto probably overlaps with belief in conspiracy theories. You want to feel like you have special knowledge other people don’t have. Being in a conspiracy group or crypto makes you feel special. I get it.
Thank you papa Powell
Rates didn't move though?
Exactly what a conspiracy theorist would say /sNah, I don't have any special knowledge. I know I'm an idiot. But I'm pretty sure BTC isn't going anywhere, it'll keep going up long term.
Because it is a risk asset, bitcoin behaves like all other risk assets (like AI and other growth stocks). Cheap money or the promise of cheap money means the value goes up.
they said will cut rates later this yearRates didn't move though?
Just saw on Reddit… apparently 5 BILLION in shorts was liquidated today 😁
Guess not? But we’re talking about people who willingly chose to short the greatest performing asset in human history, so…BTC went from 73k to 61k and they didn't close out? Were they expecting it to go to zero?
This article says 151 million. That's a lot different than 5 billion.
Bitcoin Rallies Post-Fed Rate Announcement, Shorts Worth $151.69M Liquidated – Market Updates Bitcoin News
The valuation of bitcoin (BTC) tapped the $68,000 mark merely 17 hours following its dip to $60,760 per unit.news.bitcoin.com
Guess not? But we’re talking about people who willingly chose to short the greatest performing asset in human history, so…
1.How do you balance between potentially selling this bull run if we see price action 150-200k vs the mere fact that is happening as proof we are only going higher from there to say 300-400k range in 2028-2030? Maybe sell just enough so you have your cost basis back and let the rest ride?
1.How do you balance between potentially selling this bull run if we see price action 150-200k vs the mere fact that is happening as proof we are only going higher from there to say 300-400k range in 2028-2030? Maybe sell just enough so you have your cost basis back and let the rest ride?
2. Direct has always been ahead of the times and he's already not selling anything major until the 2028-2030 cycle so that has given me pause in this process.
3. I feel more and more convinced that in 10 years we will be in the 500k+ range.
I’d like to take some profits this year (Q4) and keep some in. I feel confident that we’ll be over 100k by then, but a lot can happen between now and then.1.How do you balance between potentially selling this bull run if we see price action 150-200k vs the mere fact that is happening as proof we are only going higher from there to say 300-400k range in 2028-2030? Maybe sell just enough so you have your cost basis back and let the rest ride?
2. Direct has always been ahead of the times and he's already not selling anything major until the 2028-2030 cycle so that has given me pause in this process.
3. I feel more and more convinced that in 10 years we will be in the 500k+ range.
I don't have a dog in this crypto fight, but where'd you get the $500K figure? Drew a line on the chart and thought number go up?3. I feel more and more convinced that in 10 years we will be in the 500k+ range.
I don't have a dog in this crypto fight, but where's you get the $500K figure? Drew a line on the chart and thought number go up?
At $500K that'd put the (eventual) 21 million bitcoins around $10T.
All the gold ever mined in the history of humanity is worth something like $13T.
I'm not saying that can't or won't happen; I'm agnostic on bitcoin prices in the future. But does that really make sense or seem plausible to you?
I don't have a dog in this crypto fight, but where'd you get the $500K figure? Drew a line on the chart and thought number go up?
At $500K that'd put the (eventual) 21 million bitcoins around $10T.
All the gold ever mined in the history of humanity is worth something like $13T.
I'm not saying that can't or won't happen; I'm agnostic on bitcoin prices in the future. But does that really make sense or seem plausible to you?
Well, it's up infinity percent over the last 50 years since it didn't exist then.hard to bet against something thats up a million percent over 15 years. Once it became clear it wasn't getting banned in states and larry fink got the sec to approve the ETFs its way past the point of going away. I'd argue it's stronger than ever and gets touted on fox and cnbc to almost an annoying degree. All your millenial, gen z, and whatever comes next are obsessed with tech and smart phones and as the boomer money goes to them it will go into digital assets. Metcalf's law seems to be working so let's see in the next 12-18 mo if we get into 150 ish numbers things may happen even quicker than we expect.
And that's why I think the OP's thesis is bull****.The whole point of it is to overtake gold lol. That’s why they call it digital gold. Have you ever watched a Michael saylor interview in its entirety?
And that's why I think the OP's thesis is bull****.
I've no doubt people will make and lose fortunes speculating on its price movement, but this future where it replaces gold of all things is a naive fantasy.
I'm just trying to figure out which of you are the realistic and risk tolerant speculators looking to make some money, and which of you are the true believers. Idle curiosity is all. I don't need or want bitcoin.
Well, it's up infinity percent over the last 50 years since it didn't exist then.
And sure, insert aphorism about markets being irrational longer than people can remain solvent, and it's certainly possible that exuberance and FOMOs can drive any asset to ridiculous levels. For a while. Sometimes a long while.
What I'm asking, specifically, is if you think it's plausible that bitcoin will achieve valuations that would result in a market cap approaching or exceeding gold - and if that makes sense to you.
Our OP's oft repeated "thesis" is that bitcoin is the currency and value store asset of the future, so I guess maybe he thinks it'll surpass gold. Do you believe it also, or are you just in it to speculate on an irrational market?
He also said “in 10 years” but you’re still thinking in 2024 dollars. Forget crypto, imagine how much that gold market cap is going to inflate between now and 2034. Or if you’re not a fan of gold, imagine how much your house is going to be worth in 2034. That’s (partly) how you get to a $500k BTC.I don't have a dog in this crypto fight, but where'd you get the $500K figure? Drew a line on the chart and thought number go up?
At $500K that'd put the (eventual) 21 million bitcoins around $10T.
All the gold ever mined in the history of humanity is worth something like $13T.
I'm not saying that can't or won't happen; I'm agnostic on bitcoin prices in the future. But does that really make sense or seem plausible to you?