Bitcoin....who's gotten into it?

[byates1]

Who knows. Maybe Hal Finney had the keys and died.

[byates1]

[bennymac]

They saved up all this coverage to roll out during what’s otherwise a prolonged dry spell of crypto news…where’s Matt Damon and Tom Brady to remind us to be bold?

#winnerswin

[shera]

When it's grinding along like this I like remind myself that bitcoin has returned 2x vs SnP this year. On Jan 1, the price was $38.6k and right now it's $61.2k. Almost 50% roi.

[bennymac]

Sure has. But January 1 is no different a date than July 1 when it comes to investing - it’s an arbitrary measure. Unless you only make your investments at the very start of each year?

Hopefully you sold a bunch of Bitcoin 2 months after celebrating new years and moved it into anything that’s gone up in the last 6-7 months.

[shera]

Shrug, I'm not in the mood for trading or market timing these days. Just grinding along adding to my stack every day. And you're quite right about the dates.

[bobz]

Seeing how BTC spiked up in the first few months of this year, when it had nearly a $1T market cap to begin with, would pretty well convince me to never bet against BTC, that is, if I was inclined to bet against it to begin with.

People like you who (based on this topic) have been BTC bulls for 5 years or more have plenty justification to spike the ball. But recently? Just checked, and your +42% YTD (let's ignore that if the screen gets narrowed a little to the last 6 months, it's down 10%, and in an overall up market), while very good, is far from extraordinary. Pretty much all the chip stocks that were hot at new years are up more than that since; Taiwan Semi's almost doubled since then, all the while with a low-two-digits P/E ratio as a safety net. Again, go ahead and spike the ball. But you may want to preserve some of those gains!

[MultiVerse]

Boomers buying Bitcoin ETFs boosted the price this year. And as it turns out, perhaps surprisingly, held with diamond hands

[singlesline]

A group definitely cooperated after initial release. But it's hard for me to imagine a loosely coupled distributed group of people cooperating like that. It goes against human nature for someone not keeping a copy of the keys. If for no other reason suspicion another group member kept a copy too. It's like a prisoner's dilemma. Things like clandestine government plans, elaborate secret murder pacts, the moon landings were a hoax or whatever are really hard to keep secret because in reality minions eventually spoil the plot

I dunno, I haven't deeply researched the origins, but from what I know about software projects...I can see it being entirely possible those early wallets just weren't really kept track of. At that point, you're just playing around. You mess with stuff. You create wallets to test things, etc. It isn't like it was worth anything at that point and they had no idea if the idea would take off. There were other early crypto ideas floating around...who says bitcoin is the one that sticks?

Although I could be wrong. Or you could do all that throwaway testing on a sort of pre-release blockchain that the public never saw...and then start over from scratch at release (and still accumulate a shit ton in the early days because nobody else was mining).

edit: I'm probably wrong. Some light history reading points to it being an orchestrated launch with a "fresh" genesis block. So the initial pre-launch fuckery would have been done on a different chain.
I'm sure a lot of early players still fucked around and lost track of keys...but unless Satoshi intentionally burned them, some massively fucked up and lost the keys, or died...those are still out there.

[MultiVerse]

Yeah, very difficult for everyone involved to collectively collude to throw away all the keys to more than a million bitcoins with thousands of addresses, even if they weren't worth anything at the time. Satoshi-era Bitcoins do change hands from time to time. But none from addresses thought to belong to Satosh worth almost seventy billion dollars

[nickwm21]

The propensity of a secret to remain secret is directly inverse to the amount of people who know said secret.


Sent from my iPhone using TGR Forums

[MultiVerse]

Crypto going all in on dollarizing the planet: Stripe said individuals from more than 70 countries have used stablecoins for online transactions during the first 24 hours after allowing merchants using its platform to accept crypto payments again

https://www.bloomberg.com/news/artic...after-relaunch

[heckacali]

But, but, HODL!!?

[byates1]

I park cash in USDC. Was earning 5.2%, now 4.7.

[shera]

Big green dildo!!!!!!!!!!!!!!!

and if we can close past 66k we'll have an official uptrend.

[shera]

67k!

[skaredshtles]

67k!

Or not.

WTF kind of fuckery is this?

[byates1]

It's volatile maaannn

[skaredshtles]

It's volatile maaannn

You're not wrong, but that looks like extra-special fuckery. [emoji848]

[shera]

Shrug, we're making progress getting out of this channel.

[bobz]

You guys are missing the real action (so am I): DJT just doubled in a week.

[skaredshtles]

You guys are missing the real action (so am I): DJT just doubled in a week.

sHoUlDa bOuGhT ThE DiP!!

[yeahman]

Looking more likely he'll win.

[byates1]

Liv2ski will commit suicide

[MultiVerse]

It's now literally a 50-50 coin toss