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

[summit]

Infinite forks?

[MultiVerse]

The network has already experienced at least one major split. Bitcoin Cash (currently around $475USD) is a 2017 fork of bitcoin

[J. Barron DeJong]

Some FUD to brighten your morning.





https://foreignpolicy.com/2024/12/18...y-welch-trump/

[bobz]

It looks like Haliey speed ran the American dream: leveraging 15 minutes of Fame to create a memecoin and then rug it. Total legend.

The chance of that dumb bunny having had anything to do with this other than saying "yah okay and I get paid, right?" is basically zero.

Gotta laugh at the people screaming "rug pull! no fair!" though. They "invested" in Hawk Tuah coin; it's pretty much spelled out in advance that it was the Springtime For Hitler of assets. I guess next they'll issue a coin literally called #RUGPULL. Rug-pull is the whole point; they're just bummed that they underestimated how quickly it played out so that their mad TA skillz didn't keep them ahead of the inevitable dump.

[MakersTeleMark]

I'm sure someone has done that before, but it's "liquidity", right? Or "clearing leverage".

[J. Barron DeJong]

I'm sure someone has done that before, but it's "liquidity", right? Or "clearing leverage".

If a bank would give me an $18B loan that was backed by nothing but the (speculative) asset I was promising to purchase with that loan, I could do some nice market manipulation.

The suspicion is that fake money (Tether) is being created out of thin air, specifically so that the newly created money can be used to manipulate the price of Bitcoin. It’s no one’s real money that’s at risk there, just pure co-ordinated market manipulation.

[byates1]

I believe firmly in the legitimacy of hauktuah coin. Such great minds behind it.

[stalefish3169]

"See, I told you at 16k that BTC was going to crash."

[JimmyCarter]

“Let’s mock people who actually understand things i don’t, like markets, because they didn’t go all-in on bitcoin, while at the same time begging them to join the market and give BTC validity!”

[shera]

[J. Barron DeJong]

Should I buy in at $90k?

[The Nuclear Option]

pump, pump, pump, pump, pump, pump,
pump, pump, pump, pump, pump, pump
pump, pump, pump, pump, pump, pump
pump, pump, pump, pump, pump, pump
pump, pump, pump, pump, pump, pump

[stalefish3169]

Come on.

That’s exactly what someone who had no answers to my questions would say.

Let me simplify even further:

Why would you tell me as a potential BTC buyer that I should trust BTC more than other assets to hold the value of my savings?

Here's the thing. I don't give a fuck if you buy BTC or not. I'd prefer you short it tbh.

“Let’s mock people who actually understand things i don’t, like markets, because they didn’t go all-in on bitcoin, while at the same time begging them to join the market and give BTC validity!”

"begging"

[summit]

it's really not the time to buy BTC... wait for BTC to crash, and fund your BTC nest egg then, not now.
...
Given that we are in the middle/end of a bull run, I don't see the purpose of gaining exposure through ETF's at this point. Too hot, too late

I agree that it's the wrong time to get into BTC

I kinda hope BTC craters back to 50.. Would like to buy.

If one believes this, then why would not buy BITI (short) and then convert to BTC after it dumps? That seems like a much more confident move than gambling with alt coins whil waiting for BTC to go down?

[frorider]

Have we had an El Salvador discussion recently?

[Danno]

it was the Springtime For Hitler of assets

lolz

[byates1]

Have we had an El Salvador discussion recently?

The holy Land? TNO said he's giving up the dollar and moving there.

[Bunion 2020]

70% of BTC was originally sold for < $3500.00.

With a current value of between $90K and $ 105K that leaves a lot of room to pump.

[J. Barron DeJong]

70% of BTC was originally sold for < $3500.00.

Source?

Shera posted a link some time ago that tried to track last traded price of all bitcoin (or something similar to that).

[Bunion 2020]

https://www.statista.com/statistics/...n-circulation/

You will need to search for the prices by date and do a little extrapolation. And I am not trying to capture the last traded price, I am after what it originally cost to mint/mine.

https://finance.yahoo.com/quote/BTC-USD/history/

[J. Barron DeJong]

https://www.statista.com/statistics/...n-circulation/

You will need to search for the prices by date and do a little extrapolation. And I am not trying to capture the last traded price, I am after what it originally cost to mint/mine.

https://finance.yahoo.com/quote/BTC-USD/history/

Got it.

When shera had originally provided her link I was trying to figure out how many dollars were actually in Bitcoin. It was something like 40% of market cap at the time.

[stalefish3169]

Here ya go brosefs.

https://charts.bitbo.io/sopr/

[bennymac]

If you’re looking for that special gift for a loved one consider some of this!

[J. Barron DeJong]

Here ya go brosefs.

https://charts.bitbo.io/sopr/

If I’m understanding right, that’s not the metric I was talking about.

That’s just telling you if a given coin being sold is being sold at a gain or loss, correct?

At the time, I was looking to find out the actual purchase price of all Bitcoins in circulation, even if they weren’t being traded.

[shera]

MVRV stands for “market value to realized value.”