Bitcoins - about to hit $5,000 per coin today!

[gib]

Halving #4 is upon us...

A little article from Kraken.

We’re about two weeks out from the next Bitcoin halving, and you might be wondering, "How will it affect crypto and the bitcoins I hold?" It's a great question. Our answer: Relax — the halving won't directly impact any of your existing bitcoin holdings.

The halving simply reduces the reward that miners receive for mining blocks by 50%.

How the 2024 ‘Halving’ Could Impact Bitcoin

We did a little digging around in the numbers, and the data suggests it has taken around 406* days for prices to peak after a halving.

Mega Important Disclaimer: Past performance does not guarantee future results. While many believe halvings drive these rallies, other factors are at play and future outcomes remain uncertain.

Bitcoin halvings
Halving #1 - November 2012
While scientists were busy finding the Higgs-Boson particle at CERN, by November 2012 Bitcoin was beginning to find its feet in the financial jungle. With 11 million bitcoins in circulation, the first halving cut the block reward for miners from 50 BTC to 25 BTC.

Exactly one year later (November 28, 2013), bitcoin was up 7,431%.

Halving #2 - July 2016
As the Pokémon GO craze began sweeping the world, by July 2016 Bitcoin was gaining broader traction as a mainstream financial tool. The second halving of block rewards from 25 BTC to 12.5 BTC was met with increased anticipation.

After the event, prices surged again. By July 9, 2017, exactly one year after this halving, prices had increased by 279%.

Halving #3 - May 2020
Bitcoin’s third halving coincided with the global pandemic, making it a unique test for the leading cryptocurrency. With block rewards cut to 6.25 BTC, many were wondering if prices would continue the historic post-halving trend.

By May 11, 2021—exactly one year after this halving—bitcoin’s price had increased by 539%, showcasing its resilience even during turbulent economic times.

So there you have it, Bitcoin halvings in a nutshell.

[Amerian Muscle]

I feel so much regret for not buying bitcoin years ago. At least now I have one  "whole coin"
How do people sleep at night with all this regret? I cant sleep at all thinking about how I ruined my life by not buying bitcoin earlier. Its all over 

[loco]

I feel so much regret for not buying bitcoin years ago. At least now I have one  "whole coin"
How do people sleep at night with all this regret? I cant sleep at all thinking about how I ruined my life by not buying bitcoin earlier. Its all over 

How do you feel about not investing in an S&P 500 Index fund years ago?  How about Apple stock?  How about not buying real estate cheap in 2010?

It's easy to look back and have regrets, but nobody knew what was going to happen.  You could have just as easily lost all your money to bitcoin.  Just forget the past and move forward.

[obsidian]

I feel so much regret for not buying bitcoin years ago. At least now I have one  "whole coin"
How do people sleep at night with all this regret? I cant sleep at all thinking about how I ruined my life by not buying bitcoin earlier. Its all over 

You're just going to drive yourself nuts. In a perfect world we all make fantastic investments and become millionaires / billionaires.

Besides mining Ethereum, I spent around $12,500 on cryptos in 2017/2018. I looked at the charts. Instead all my dumb purchases, if I had just taken that money and bought BNB at $2 in 2017, I would have had 6,250 BNB. BNB is right now at $614, not far from its ATH price. 6,250 x $614 = $3,837,500

BNB would have been the best purchase of all in December 2017. Not BTC, ETH, Doge, or any other.

[obsidian]

How do you feel about not investing in an S&P 500 Index fund years ago?  How about Apple stock?  How about not buying real estate cheap in 2010?

It's easy to look back and have regrets, but nobody knew what was going to happen.  You could have just as easily lost all your money to bitcoin.  Just forget the past and move forward.

One poor bastard mined around 7000 BTC. He or his wife accidentally recycled the hard drive that contained his wallet / keys. All down the drain. Now that guy must feel like absolute shit. The higher BTC's price goes the worse he will feel.

EDIT: IT was 8000 BTC. That's worth over $500 million now!

https://www.theguardian.com/technology/2022/aug/02/man-hopes-ai-and-robot-dogs-will-help-recover-150m-in-bitcoin-from-landfill

[Mayday]

One poor bastard mined around 7000 BTC. He or his wife accidentally recycled the hard drive that contained his wallet / keys. All down the drain. Now that guy must feel like absolute shit. The higher BTC's price goes the worse he will feel.

EDIT: IT was 8000 BTC. That's worth over $500 million now!

https://www.theguardian.com/technology/2022/aug/02/man-hopes-ai-and-robot-dogs-will-help-recover-150m-in-bitcoin-from-landfill

Don’t buy paper gold because it’s not real
Don’t buy real gold because it’s counterfeit
Buy Bitcoin but don’t keep it on an exchange because they’ll steal it
Buy Bitcoin but don’t deposit it for yield because not your keys

Buy Bitcoin and keep it on cold storage where it’s nice and safe……

The highest odds of losing something is when it is in your own possession. Maxis know this and push it to plebs in the hope they lose their coins. Back in 2021 maxis were tweeting about deaths of holders and how their coins were forever lost in supply. Those maxis are still around today.

[obsidian]

Don’t buy paper gold because it’s not real
Don’t buy real gold because it’s counterfeit
Buy Bitcoin but don’t keep it on an exchange because they’ll steal it
Buy Bitcoin but don’t deposit it for yield because not your keys

Buy Bitcoin and keep it on cold storage where it’s nice and safe……

The highest odds of losing something is when it is in your own possession. Maxis know this and push it to plebs in the hope they lose their coins. Back in 2021 maxis were tweeting about deaths of holders and how their coins were forever lost in supply. Those maxis are still around today.

Lol, yes. Moral of the story is you're gonna lose it either way. So far I have been very lucky with Coinbase and Binance. I was tempted to go with Celsius  because of their higher rates but ended up never following through. Glad I did not.

[SouJerz]

You're just going to drive yourself nuts. In a perfect world we all make fantastic investments and become millionaires / billionaires.

Besides mining Ethereum, I spent around $12,500 on cryptos in 2017/2018. I looked at the charts. Instead all my dumb purchases, if I had just taken that money and bought BNB at $2 in 2017, I would have had 6,250 BNB. BNB is right now at $614, not far from its ATH price. 6,250 x $614 = $3,837,500

BNB would have been the best purchase of all in December 2017. Not BTC, ETH, Doge, or any other.

My friend had 1000 ethereum at a price of 16 dollars each and sold them all at a price of 80. Talk about bummer.

[gib]

Don’t buy paper gold because it’s not real
Don’t buy real gold because it’s counterfeit
Buy Bitcoin but don’t keep it on an exchange because they’ll steal it
Buy Bitcoin but don’t deposit it for yield because not your keys

Buy Bitcoin and keep it on cold storage where it’s nice and safe……

The highest odds of losing something is when it is in your own possession. Maxis know this and push it to plebs in the hope they lose their coins. Back in 2021 maxis were tweeting about deaths of holders and how their coins were forever lost in supply. Those maxis are still around today.

Wow - what a great post MarDay!

I must say, all my gold is real, physical gold. (I did have gold previously in a gold ETF which was delisted and liquidated below NAV - so, lesson learned).

I am hoping my gold is real gold, but agree, counterfeiting is a risk. I bought from a very reputable dealer.

I have only small amounts on BTC on various regulated exchanges, and also a little in ETFs and with MSTR. Vast amount of my sats are in cold storage.

[gib]

I feel so much regret for not buying bitcoin years ago. At least now I have one  "whole coin"
How do people sleep at night with all this regret? I cant sleep at all thinking about how I ruined my life by not buying bitcoin earlier. Its all over 

Dude, if you are wholecoiner now, well done to you. You are set for life, so long as you keep that coin.

I was encouraging this when the price was 3K. Its hard to imagine what is ahead, but there will be a huge societal difference between wholecoiners and everyone else. BTC will be at 1m before you know it, and all those who still have the chance now will really regret it if they don't act soon to get those increasingly precious sats...

[SouJerz]

Dude, if you are wholecoiner now, well done to you. You are set for life, so long as you keep that coin.

I was encouraging this when the price was 3K. Its hard to imagine what is ahead, but there will be a huge societal difference between wholecoiners and everyone else. BTC will be at 1m before you know it, and all those who still have the chance now will really regret it if they don't act soon to get those increasingly precious sats...

https://www.benzinga.com/amp/content/37902973

3.8 million a coin according to Cathy Wood potentially by 2030.
She is leading the hype train, wonder how many she owns. If she could only get everyone with AUM to invest 1-3% into BTC.

[gib]

https://www.benzinga.com/amp/content/37902973

3.8 million a coin according to Cathy Wood potentially by 2030.
She is leading the hype train, wonder how many she owns. If she could only get everyone with AUM to invest 1-3% into BTC.

Hard to predict the exact date, but we do know with great likelihood that is will happen, both as a function of demand, adoption, and fiat currency appreciation. We are sooooo early in this - anyone and any family who is a whole coiner will in the future be in an elite class of society.

[Amerian Muscle]

I dont think that 1 million or even 3 million net worth will be more than middle class in 2030. If we have a steep correction I will try to buy more.

[SouJerz]

I dont think that 1 million or even 3 million net worth will be more than middle class in 2030. If we have a steep correction I will try to buy more.

Just copy people smarter than you.  Buy dips. Continue to dollar cost average.  If you believe it’s going to 1 million or even 3.8 million than 70,000 a coin is far away from that number.  So just keep chipping away.  I like the good old monthly buy at whatever number is comfortable for you and then scoop up dips with bigger injections and don’t be scared it it starts dipping back to 20k be excited it’s on sale.

[gib]

Just copy people smarter than you.  Buy dips. Continue to dollar cost average.  If you believe it’s going to 1 million or even 3.8 million than 70,000 a coin is far away from that number.  So just keep chipping away.  I like the good old monthly buy at whatever number is comfortable for you and then scoop up dips with bigger injections and don’t be scared it it starts dipping back to 20k be excited it’s on sale.

Fully agree.

[Flexacon]

Just copy people smarter than you.  Buy dips. Continue to dollar cost average.  If you believe it’s going to 1 million or even 3.8 million than 70,000 a coin is far away from that number.  So just keep chipping away.  I like the good old monthly buy at whatever number is comfortable for you and then scoop up dips with bigger injections and don’t be scared it it starts dipping back to 20k be excited it’s on sale.

There is an unknown buyer out there that has been buying 100 BTC a day since late 2022. Should be very interesting if they are ever revealed.

[gib]

SOME SERIOUS SHIT GOING DOWN TODAY.

Word is the SEC is about to come down HARD on ETH and indeed all "alts".

So, if you are in any alt right now for investment gain purposes, you should be VERY WORRIED. (And I have to say it - "I told you so".

If you are in BTC, you should be very happy. We might not get as much of a dip, but the total market correction still provides us a great opportunity to grab the only crypto asset that has been blessed by both the SEC and corporate America at a cheaper price. And we know that long term, BTC will attract far more investment as people realise the problems and risks with alts.

[Flexacon]

SOME SERIOUS SHIT GOING DOWN TODAY.

Word is the SEC is about to come down HARD on ETH and indeed all "alts".

So, if you are in any alt right now for investment gain purposes, you should be VERY WORRIED. (And I have to say it - "I told you so".

If you are in BTC, you should be very happy. We might not get as much of a dip, but the total market correction still provides us a great opportunity to grab the only crypto asset that has been blessed by both the SEC and corporate America at a cheaper price. And we know that long term, BTC will attract far more investment as people realise the problems and risks with alts.

It's old news. They already sent wells notices to some big defi projects. How did their XRP case go, their Grayscale case? They already had their coinbase wallet case thrown out. How did them labelling SOL a security go for SOL? Is it dead?

The SEC is nothing but a joke now, market doesn't care any more.

[gib]

There is some merit in what you say.

BTC at least is unstoppable, and it is already now broadly accepted. There is no turning back.

No other "alt" / unregistered security has been approved for an ETF.

Actions against exchanges enabling the sale of such unregistered securities is ongoing. Lets see where any litigation goes, ore perhaps the exchanges voluntarily comply. I would expect negotiations with Coinbase are ongoing ""We gave you BTC and US legitimacy. But now, it's your turn to stop with the shitcoinery.

And the market does care. Look at how prices moved today. If you are a large institutional investor (or even a small retail investor). Are you going to want to put your money into areas of unknown risk? Or into areas of certainty and clear upside?

[Flexacon]

And the market does care. Look at how prices moved today. If you are a large institutional investor (or even a small retail investor). Are you going to want to put your money into areas of unknown risk? Or into areas of certainty and clear upside?

It's not just ALTs and shitcoin dumpings. Markets are dumping across the board. BTC, SPX, and even gold is dumping.

Are the all dumping too because the SEC is taking action against ETH, coinbase and Defi? No. As I said this is old news. And shouldn't BTC  be pumping if ETH and ALTs are gonna be annihilated? It's dropped as low as 8% from it's high today. (Check the Middle East situation for the news/optics for things dumping))

Also you haven't taken into account on-chain type of investors in crypto (retail including devs who do this more seriously and on a more full time basis). Buying in areas of "unknown risk" is a huge part of their trading strategy as it's historically proven to be an incredibly profitable strategy.

[Mayday]

Wearing everybody down again.

I don’t believe in DCA or dip buying.

Hey I wonder if any of the BTC maxis consider that after Gold peaked it entered a 20yr bear market despite inflation continuing the entire time?

[Flexacon]

Wearing everybody down again.

I don’t believe in DCA or dip buying.

Hey I wonder if any of the BTC maxis consider that after Gold peaked it entered a 20yr bear market despite inflation continuing the entire time?

I bought this dip (not BTC or ETH) bought PYTH at $0.60 and staked it away on multiple wallets.

A similar 20 year/long term bear market or as I'd rather call it "stability and consolidation after a blow off top" for BTC is actually the desired outcome (maxis may say otherwise).. The debate is more around how soon that happens.

Same with the question when does tradfi truly gain control of BTC price action. Both probably happen at some point, but I'm not seeing it in this cycle. No need to decide now though. Let's see where we are later in the year. Bitcoin could be stuck around 50K or it could be over 100K plus,. As off now most models show BTC is sitting at fair value and that's one of the reasons I'm hesitant to say it's had it bullrun blow off top.

[gib]

Wearing everybody down again.

I don’t believe in DCA or dip buying.

Hey I wonder if any of the BTC maxis consider that after Gold peaked it entered a 20yr bear market despite inflation continuing the entire time?

If you are suggesting BTC has entered a "consolidation period", you are way off. Consolidation of BTC occurs when we have both saturated global adoption, AND when fiat money no longer devalues.

We are at less than 1% global adoption. And fiat money will always devalue. So, whilst BTC's volatility may reduce over time, it literally is "going up for ever"...

[SouJerz]

Wearing everybody down again.

I don’t believe in DCA or dip buying.

Hey I wonder if any of the BTC maxis consider that after Gold peaked it entered a 20yr bear market despite inflation continuing the entire time?

I wonder how many people realized that BTC would go from 5k to 70k?

[Amerian Muscle]

is it safe to keep bitcoin on coinbase long term?