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

[gib]

For Mr Anabolic..., and all the others who refused to believe...

Watch the nice little clip from 2.43 mark

[SouJerz]

GM gentlemen... Hash power preceeds price implied price at these hash level is 550k.

Have countries started mining BTC?


Keep stacking satoshis!

[gib]

GM gentlemen... Hash power preceeds price implied price at these hash level is 550k.

Have countries started mining BTC?


Keep stacking satoshis!

I would say for sure there is some state supported mining. Russia for sure. China of course. Bhutan yes we know. Iraq / Iran / North Korea for sure.

But either way, with current prices its profitable to mine, so mining will pick up for sure as a matter of economics. Where its gets interesting is when miners start frontrunning the price, such that they invest and mine even though below profit equilibirum, knowing that prices will rise over time.

[jude2]

I wish I would have listened to all of the Bitcoin naysayers the past 7+ years. LMAO

Very nice.

[IronMagazine.com]

Very nice.

I am not bragging either, it was all luck for me, I just wish I would have hung onto a lot more bitcoin.

[jude2]

I am not bragging either, it was all luck for me, I just wish I would have hung onto a lot more bitcoin.

Most of it is luck knowing when to buy or sell.  Remember hogs get slaughtered

[Notomorrow]

Fiat currency is manipulated by government through printing unlimited money. This started in the United States when they couldn't afford the Civil War anymore so they printed "greenbacks" and told soldiers to keep fighting and these pieces of paper would be worth something. Gold price is manipulated by government. Fiat currency is basically trust in government. Do you trust them?

Most assets(real estate, cars, etc.) are valued in fiat currency(dollars) and if Government can print as much as they want(like they did during covid) it's impossible to own any real wealth.

You only have two ways out of the system, invest in stocks with Monopolies(Apple, Microsoft, etc.) or Bitcoin.  There is no other way to hold a reliable, long term source of wealth that is relatively inflation proof as government creates inflation through printing money.

Bitcoin has a limited supply. You can't print it forever. Government becomes helpless.  There is no other way to have reliable, inflation proof storage of wealth.

[IronMagazine.com]

Most of it is luck knowing when to buy or sell.  Remember hogs get slaughtered

Yup, greed is always going to be a person's downfall if they allow it to take over.

[gib]

Most of it is luck knowing when to buy or sell.  Remember hogs get slaughtered

Not really. We know BTC will always go up (in fiat currency terms) over time. So, we basically know we need to buy ASAP, keep stacking and HODL (and never sell). It can't get more simple than that.

[gib]

Fiat currency is manipulated by government through printing unlimited money. This started in the United States when they couldn't afford the Civil War anymore so they printed "greenbacks" and told soldiers to keep fighting and these pieces of paper would be worth something. Gold price is manipulated by government. Fiat currency is basically trust in government. Do you trust them?

Most assets(real estate, cars, etc.) are valued in fiat currency(dollars) and if Government can print as much as they want(like they did during covid) it's impossible to own any real wealth.

You only have two ways out of the system, invest in stocks with Monopolies(Apple, Microsoft, etc.) or Bitcoin.  There is no other way to hold a reliable, long term source of wealth that is relatively inflation proof as government creates inflation through printing money.

Bitcoin has a limited supply. You can't print it forever. Government becomes helpless.  There is no other way to have reliable, inflation proof storage of wealth.

Totally correct. MSFT, APPL, GOOGLE, MSTR, AMAZON etc are great companies - but they are not "pure" defences as they can always be taxed, restricted, be broken up, make bad strategy decisions. I hold all, but over time, my BTC holdings will keep out-pacing these stocks.

[a_pupil]

I wish I would have listened to all of the Bitcoin naysayers the past 7+ years. LMAO

Damn, I'm jelly as hell lol.

Nice to see someone give some proof of their crypto millions on here.

[gib]

I think I posted as screenshot of my holdings here back around 2017. That was met at the time with a bunch of people responding that it could be fake, I could be using photoshop, etc etc. Lol...

[gib]

$105,555.55

[gib]

$106666.66
BTC is such an important asset. I can only again urge every GetBigger to get some. You will MASSIVELY regret it if you are a no-coiner a decade from now...

[affeman]

I am not bragging either, it was all luck for me, I just wish I would have hung onto a lot more bitcoin.

Congrats man, how does it feel to become a millionaire without any talent, effort, or work ethic? Does it make you happy?

[Mayday]

I think I posted as screenshot of my holdings here back around 2017. That was met at the time with a bunch of people responding that it could be fake, I could be using photoshop, etc etc. Lol...

This will always be the case because everyone here bought the exact bottom and holds millions. Just roll with it.

I’ve scrapped my rate and inflation model because of Elon.  I nailed wave 1 and the S&P to 6k+ but Elon knows how to hide inflation so I’ve built a model where I can hide it. No more oil to 130, commodities won’t catch a bid now, inflationary trade is caputski, all over red rover and anyone shorting the bond market will get wrecked.  Moving forward is going to baffle the shit out of people, it’s pretty smart.

Saylor is King. He has done it. Total legendary move. He did it.

[gib]

This will always be the case because everyone here bought the exact bottom and holds millions. Just roll with it.

Yep. The other point I tried to make at the time is that someone's actual holdings are actually irrelevant to the discussion. We should be looking at the logic of people's views, rather than how much of an asset they own (or claim to own).

Remember how angry Mr Anabolic got on this debate early on in this thread? Wonder if he is still around?

[Mayday]

Yep. The other point I tried to make at the time is that someone's actual holdings are actually irrelevant to the discussion. We should be looking at the logic of people's views, rather than how much of an asset they own (or claim to own).

Remember how angry Mr Anabolic got on this debate early on in this thread? Wonder if he is still around?

Agree.

Mr Anabolic was hell bent on US collapse from memory. Kept buying ammo. Swore the USD was dead. Mind you I bullshitted in arguments with him purely because he was an idiot and easy to box in lol. I doubt he is around. Most like him are still calling for a recession and US collapse from debt.

We all have our roles otherwise it’s rather boring. Entertainment might be the true value creation rather than monetary wealth itself 🤷

[SouJerz]

Agree.

Mr Anabolic was hell bent on US collapse from memory. Kept buying ammo. Swore the USD was dead. Mind you I bullshitted in arguments with him purely because he was an idiot and easy to box in lol. I doubt he is around. Most like him are still calling for a recession and US collapse from debt.

We all have our roles otherwise it’s rather boring. Entertainment might be the true value creation rather than monetary wealth itself 🤷

Money, so they say
Is the root of all evil today
But if you ask for a rise
It's no surprise that they're giving none away…

[affeman]

[ChristopherA]

You can't be serious

[gib]

So who bought during the little correction we are having? As always, I scooped up a little. I always have some buy orders at 10% of price, so every once in a while manage to hit some buys on volatility.

[Mayday]

Money, so they say
Is the root of all evil today
But if you ask for a rise
It's no surprise that they're giving none away…

I quite like that poem 👍

So who bought during the little correction we are having? As always, I scooped up a little. I always have some buy orders at 10% of price, so every once in a while manage to hit some buys on volatility.

I’m waiting for things to bleed more. I’m prepping for 2029 as I already have enough this cycle. Only waiting for one to drop and I’ll add. Gold pulled BTC back into line which was the failed 108k rally. So for now, Gold still calls the shots which sucks as we can’t get big prices up until that is broken.

The FUD is mental.

[affeman]

So who bought during the little correction we are having? As always, I scooped up a little. I always have some buy orders at 10% of price, so every once in a while manage to hit some buys on volatility.

 

[Mayday]

Only bull cases please.

4wk window and 3wks remain. We almost made it to 2012 before someone slapped it back to Gold.

If we want upwards, We wait for an event in this window to break the Gold correlation otherwise it’s wait for Trump to break the correlation, then 245k 🙏 

Saylor going to dilute 97%. Current market cap 81B makes his plan 2.7T market cap by end of 2029. That’d be 3.3M BTC spot if kept same-same which it won’t as its leverage driven. I’d say they are calculating 1.5M BTC spot in 2029 with the plan they have in place.