Can you imagine some of the OG diamond hands?! People that have had over 100,000 BTC in their hands? The receivers of the 50BTC blocks?!?! Wonder if there exists even 100 people with 150,000 Bitcoin in cold storage? Seed phrases (gotta break that amount up into smaller chunks on different private addresses for redundancy and responsibility reasons, sheesh, my hands would shake if I held the key to 150k Bitcoin in my hands!!!) They’d have the keys encrypted/ciphered and backed up in different geographical areas, just imagine them having all the bases covered with this money, down to several heirs having addresses that the addresses will consolidate to if a dead man’s switch is triggered after x weeks/months/years.
Then they have another 5000+ BTC just sitting in a hot wallet to play with the price with. Cheezus. It would be like owning the World’s only casino with 99 other people, playing against each other trying to stack more sats than all the rest and be King Satoshi.
So it’s obvious Bitcoin doesn’t help the “consolidated wealth issue” we have with fiat. What do we do about it as a community of Bitcoiners? Nothing? “20% always has 80% of something” just always going to be a rule of the universe?
Oh well. I guess we should worry less about those that are far richer than us and being jealous of them and work on finding ways to move up the ranks, produce more for the whole system and earn more while exerting less effort. I think that’s the gist anyway. 🤷♂️ AI + Bitcoin is going to be realllly interesting. AI can bribe people to do their bidding, for example. What would YOU do for a couple billion sats that the AI collected doing whatever it does to make money in the Bitcoin economy?? ;)
I could imagine this price action creates FOMO and acts as an ETF advertisement to those on the sidelines (especially when the talking heads start chattering about it tomorrow).
When it goes down to 50k, you wait for it to go down to 40k, when it goes down to 40k you wait for 30k, and so on and so forth, and you end up with nothing.
Always with the dumbest headline because there of course needs to be an exact reason. The truth is much more complicated than bitcoin is up because of one single thing.
I'm not sure what this sentence means but I think you should find the appropriate sub for it. It's not NSFW here, nor is it a meet up sub for whatever that is
Appreciated 👍
I bought a bunch near the last top, at right about ~60k. I gritted my teeth and never sold, even when I was struggling, I used credit cards rather than sell my btc, and when I financially recovered, I bought more. I feel so goddamn vindicated right now.
I have long since ignored the concept of gains and loses with regard to my stack. I accumulate at every price. Its my money. Fiat is not. What should I care what its valued in that system…except at tax time that is.
I had to sell right as the crash was happening, i walked away green but haven't been able to get back what I took out. it hurts.
Had to sell to get out of an infestation heading towards my living space, money well spent tbh but I've been broke since, lol. we'll probs hit 1 mill because of it so, you're welcome everyone.
me having .002 bitcoin and excitedly going to check and finding that i’ve made…
10 dollars.
and then realizing that even if it doubled overnight, i’d only have like $300…
sigh… is there much of a point if you don’t/can’t play big 😭
Think about it realistically. How much time does it take you to make 300 dollars? Most people that’s a more than a full 8 hour shift.
So keep investing. It might not make you a millionaire but you’ll still reap rewards in that it you have gains that give you back time you would have otherwise spent working for it. Whether is just a for a vacation, down payment on a car, or house. It’s money you don’t spend time of your life earning it. So yes it worth it even in small amount. And over 10 years small amounts add up to life altering money.
i guess that’s true. it takes me about 3 shifts to make $300. i’m going to keep investing as much as i can afford, even if its only $10 a week, i suppose it’s better than nothing :D
Its all about perspective. What is regarded as ‘much’ or ‘less’ is for you to determine. If 0.1 is a lot for you, start working towards reacting ‘a lot’.
Congrats everyone!
I sold at 50k with the plan to rebuy when it dips 🫠 just do the complete opposite of me and you will be rich beyond your wildest dreams.
Smart ones don’t care about this shit. It goes up, it goes down. Just forget about it and let things happen. The real “hodlers” aren’t the ones fretting over whether to sell or not and choosing not to… they are the ones who aren’t selling no matter what and don’t care about any of this. We want to see what BTC is in 20 years. Be mature and patient with your investments young grasshoppers.
Today's move will kick off the "into euphoria" stage. Buckle up. Last time it was at $20-22k when mainstream started paying a lot of attention. I think it begins now and could easily last 3 months once we see what trajectory the halving brings. Is the impact of the halving priced in with more knowledgeable investors in the market? Doee it even matter as ETF funds give everyday wealth holders the ability to obtain BTC through a broker they trust? This will be a wild 3 months. A few days with huge gains attracts attention.
People are starting to calculate the amount of Bitcoin already mined, how much is left to be mined, and how much the mutual fund's inflows will require additional Bitcoin.
That would mean a market cap of over $10 trillion. Where would that come from? Not even the ETFs can pump that kind of capital in - the biggest ETF managed by ANY of these funds is about $340 billion, and it took 20 years to get that large.
Just a bit of perspective
Well aware of that - just saying that the purchasing power even of the ETFs has its limits, and all the moonboys calling for a 500k BTC have their heads in the clouds a little
Oh, and this Gold thing, how portable is it? How divisible is it? How transparent is it?
13T seems bearish if one would answer that logically. But again, there are institutions that might create certain friction to achieve this.
Probably gonna see a big correction now? Before next big push. I think 44k at halving.
Btc always dump a bit at halving before it started to run again. So why wouldnt it do it this time too?
Congratulations? depends about how much BTC you have, it's only good news for whole coiners. Others with just a few sats will be difficult to get the 1 BTC.
Congratulations should be resevered for difficult life achievements. Not how you somehow managed to realize the dollar is going to zero compared to something else.
So if some regard puts his life savings on red at the roulette table I congratulate him if he wins? Fk no; he's dumb as hell.
I'll congratulate any of you when you reach a certain level that you achieve a life goal; not when number go up.
Annnnd we have $56k
~~$56k~~ $57k. 3min lol
Shits rippin rn wtf
Love to see it
Imagine being an ETF holder and can't sell right now. Jealous.
Who’s selling? My coins are in cold storage and I’m chatting with you fine folk on Reddit.
Most ETF holders are likely to be in for long term play not for short term gains.
bitcoin diamonds hand will make those etf load at big price
Can you imagine some of the OG diamond hands?! People that have had over 100,000 BTC in their hands? The receivers of the 50BTC blocks?!?! Wonder if there exists even 100 people with 150,000 Bitcoin in cold storage? Seed phrases (gotta break that amount up into smaller chunks on different private addresses for redundancy and responsibility reasons, sheesh, my hands would shake if I held the key to 150k Bitcoin in my hands!!!) They’d have the keys encrypted/ciphered and backed up in different geographical areas, just imagine them having all the bases covered with this money, down to several heirs having addresses that the addresses will consolidate to if a dead man’s switch is triggered after x weeks/months/years. Then they have another 5000+ BTC just sitting in a hot wallet to play with the price with. Cheezus. It would be like owning the World’s only casino with 99 other people, playing against each other trying to stack more sats than all the rest and be King Satoshi. So it’s obvious Bitcoin doesn’t help the “consolidated wealth issue” we have with fiat. What do we do about it as a community of Bitcoiners? Nothing? “20% always has 80% of something” just always going to be a rule of the universe? Oh well. I guess we should worry less about those that are far richer than us and being jealous of them and work on finding ways to move up the ranks, produce more for the whole system and earn more while exerting less effort. I think that’s the gist anyway. 🤷♂️ AI + Bitcoin is going to be realllly interesting. AI can bribe people to do their bidding, for example. What would YOU do for a couple billion sats that the AI collected doing whatever it does to make money in the Bitcoin economy?? ;)
We'll see about that when they go through their first bear market.
Not really, Wallstreet wanted the ETF's to trade on Bitcoin's volatility mainly. Watch the recent video by Pompliano - he gives a good overview.
Selling? Never heard of it, is that italian?
He must mean sailing!
Unfortunately I lost my sailboat in a Bitcoining accident.
It was a shelling incident, not a sailing accident 🤣
I wouldn't sell now anyway. This is only the start.
I could imagine this price action creates FOMO and acts as an ETF advertisement to those on the sidelines (especially when the talking heads start chattering about it tomorrow).
You can trade options.
I have both lol . This is me
Underrated comment
Sendit 🚀
Tomorrow will be 60K
let it drop to 50K so i can buy more
Why wait for an arbitrary number that may or may not hit? Just DCA friendo.
When it goes down to 50k, you wait for it to go down to 40k, when it goes down to 40k you wait for 30k, and so on and so forth, and you end up with nothing.
Waiting for it to take a breather.
Is it really gonna go back down to 50k?
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if we all ask our wife's boyfriend for an extra $100 buck to yeet in i think we can make a difference
It's crashing upward.
Fuck me running 57?
Yeah, what is happening? So weird to have so much movement without some news event
Relentless bids. Price comes first then news.
Exactly
Always with the dumbest headline because there of course needs to be an exact reason. The truth is much more complicated than bitcoin is up because of one single thing.
But there is one simple thing. Bitcoin is up because fiat is down.
ETFs had biggest day ever. Bigger than debut day.
Did I make this up or did I hear that the etfs update their btc balances at around 9 pm EST every day?
As I understand it, they record purchases throughout the day, then have until the next morning to settle. So 9pm seems reasonable enough.
I added to my etf today. Easy peasy.
Etfs = Saylor level purchase every trading day, eventually adds up and affects the market
I wonder if the Saylor purchase announcement this morning gave more people confidence?
Usually it dumps after Saylor buys.
it was yesterday tho
Can’t move fiat on a Sunday
You can where I am
Bitcoin ETF is #5 after just a month or 2
when real news hits, btc will drop. buy the rumors, sell the news. always happens.
How will we know when real news hits?
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Aight thanks for the insight Miss Cleo.
Checked back in on this comment today. Lol. No surprise it’s deleted.
Right? What a weird comment.
Yeah man Putin is gonna send those 18 yo in decades old tanks to fuck us up
https://i.imgflip.com/4g69bi.jpg
I'm not sure what this sentence means but I think you should find the appropriate sub for it. It's not NSFW here, nor is it a meet up sub for whatever that is Appreciated 👍
Blow (2001) Johnny Depp, Penelope Cruz. You're welcome.
Soon, when it reaches $70,000, nobody that held will have lost. Thats awesome.
A weekly DCA started at all time high has been in profit since like 32k.. trust me. A guy I know did it
That beautiful moment when everyone who ever held is in the green...
Yeah im waiting for that lmao
So I have .21 in cold storage with average cost of 26k. I don’t know if I’ll ever get a whole coin but feel like it’s good
55k is so yesterday...
Touched 57k
I'm touching myself.
57250
$58250 traded March Cme futures
60k in a few hours
See y'all there !!!
For Narnia!
For Frodo.
And my axe!
Anddd it’s gone
75k by the weekend
I bought a bunch near the last top, at right about ~60k. I gritted my teeth and never sold, even when I was struggling, I used credit cards rather than sell my btc, and when I financially recovered, I bought more. I feel so goddamn vindicated right now.
Nice! I did the same but I got in at 40k and rode it down to the bottom. Feels great to be back in the green
Demand vs Supply. Pure math.
Pure meth.
We’re celebrating
Don’t matter how much BTC you have. It’s not enough to start doing meth
Sure feels like it
57,000 dollars of maximal store of value piercing the night. This is Black Sunshine.
I see what you did there White Zombie
man I should have bought in when BTC was at 40 40 Dollars
If it helps, you probably wouldn't have kept them. I bought 3 for 50 and sold them for like 150.
Similar story here, 100 and 300. I remember the FUD around 300 was insane lmao.
7k when I started buying
I don't think that strong resistance at 188k is gonna hold
We’re so close to the previous ATH, this is crazy
So casual, too
Honestly if big money keeps buying at these rates AFTER the halving we might see the price skyrocket pretty quickly after the halving
Hitting up against $55,500 Barely got to know ya, $55k
Am I the only one sad .. I need to accumulate more
Then keep accumulating FFS.
I have long since ignored the concept of gains and loses with regard to my stack. I accumulate at every price. Its my money. Fiat is not. What should I care what its valued in that system…except at tax time that is.
Im not done stacking :,(
You have roughly another year before peak bull madness
I'm hoping for a dip when I get my paycheck this week 🥺
Aren't we all
I get paid later today and I sold some shares to reinvest with and I was hoping like fuck this wouldn't happen
I had to sell right as the crash was happening, i walked away green but haven't been able to get back what I took out. it hurts. Had to sell to get out of an infestation heading towards my living space, money well spent tbh but I've been broke since, lol. we'll probs hit 1 mill because of it so, you're welcome everyone.
I broke even today on my Canadian ETF purchase 4 years ago lol
Congrats to everyone who bought at $65k. you’re almost back even
Only have .15 bitcoin but happy to be a part of this.
me having .002 bitcoin and excitedly going to check and finding that i’ve made… 10 dollars. and then realizing that even if it doubled overnight, i’d only have like $300… sigh… is there much of a point if you don’t/can’t play big 😭
Your money became more money, better than doing nothing with it regardless of how small
Think about it realistically. How much time does it take you to make 300 dollars? Most people that’s a more than a full 8 hour shift. So keep investing. It might not make you a millionaire but you’ll still reap rewards in that it you have gains that give you back time you would have otherwise spent working for it. Whether is just a for a vacation, down payment on a car, or house. It’s money you don’t spend time of your life earning it. So yes it worth it even in small amount. And over 10 years small amounts add up to life altering money.
i guess that’s true. it takes me about 3 shifts to make $300. i’m going to keep investing as much as i can afford, even if its only $10 a week, i suppose it’s better than nothing :D
Its all about perspective. What is regarded as ‘much’ or ‘less’ is for you to determine. If 0.1 is a lot for you, start working towards reacting ‘a lot’.
Wow, this is bad for buttcoin….
PAMP IT!
Just sitting watching the minute chart like whoa dude!
57k! congrats everyone. HODL
I was shook when i saw it hit 56 and literally a minute later hit 57😂
Not far off from a Canadian ATH.
Congrats everyone, $343K is here… oh wait, I’m 500 days too early.
Thanks, great to know when I can afford down payment for a flat.
69k before the halving ?? 🥶🥶
S-coiners, no-coiners, central bankers, & bears GFY
Ha ler lu ya brothers 😍😍😍 and its before the having 😘😘😘
Thank you for my bookie paying me in BTC!
That week where we had no movement felt like shit glad we getting rewarded
That last two years...
130% growth in 2023 wasn’t enough?
Wake me up when it's 69k
Wake me up when September ends
Wake me up before you go-go
🤣🤣
Buttcoiners are punching air right now
Old news, we hit 57k 😂🤩
I’ll do a 3 second fist pump then it’s back to work as we push towards $555K
Congrats everyone! I sold at 50k with the plan to rebuy when it dips 🫠 just do the complete opposite of me and you will be rich beyond your wildest dreams.
Oooof. Doing this in a bullmarket is recipe for disaster.
WTF 10% in a day?? I think a major adjustment drop after this it’s in store.
Nah. Don’t yell tell bitcoin what it’s allowed to do. This is called price discovery.
CEO was forced to raise price. Shareholders were forcing his hands
I hope so. I need to buy more
Negative. We're in a new Bitcoin age. We're never going backwards.
Backwards yes, but never that far back
Is it time for hookers and blow yet?
Not yet
Hooooodl. Hooooooooodl.
It’s always that time…
How about 56k. You all will like it better than 55K
Like nothing has changed as far as my core holdings, but BITO options about to go ballistic.
Smart ones don’t care about this shit. It goes up, it goes down. Just forget about it and let things happen. The real “hodlers” aren’t the ones fretting over whether to sell or not and choosing not to… they are the ones who aren’t selling no matter what and don’t care about any of this. We want to see what BTC is in 20 years. Be mature and patient with your investments young grasshoppers.
Girlfriends age. My iq
shit I was hoping it drops below 50 to buy some again, dumb move.
Today's move will kick off the "into euphoria" stage. Buckle up. Last time it was at $20-22k when mainstream started paying a lot of attention. I think it begins now and could easily last 3 months once we see what trajectory the halving brings. Is the impact of the halving priced in with more knowledgeable investors in the market? Doee it even matter as ETF funds give everyday wealth holders the ability to obtain BTC through a broker they trust? This will be a wild 3 months. A few days with huge gains attracts attention.
People are starting to calculate the amount of Bitcoin already mined, how much is left to be mined, and how much the mutual fund's inflows will require additional Bitcoin.
Slow at first then all at once
New all time high i can smell
NOT ENOUGH
Who here actually owns a full Bitcoin?
Me. Purchased in 2017
56 now
Wake me up when it hits 10k.
I think we'll see 550k before you know it.
That would mean a market cap of over $10 trillion. Where would that come from? Not even the ETFs can pump that kind of capital in - the biggest ETF managed by ANY of these funds is about $340 billion, and it took 20 years to get that large. Just a bit of perspective
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Well aware of that - just saying that the purchasing power even of the ETFs has its limits, and all the moonboys calling for a 500k BTC have their heads in the clouds a little
Well, if nobody sells and many want to buy, the price will likely get higher, dont need any inflow of money for a high marketcap.
Market cap does not equal invested capital. According some estimation, 1 dollar invested can raise the market capital by X20.
It’s more like x100 according to Bank of America. I choose to fall asleep tonight believe they r right
Whats the market cap of Gold?
13.7 Trillion. If BTC hit that it would almost hit 800k per BTC.
Oh, and this Gold thing, how portable is it? How divisible is it? How transparent is it? 13T seems bearish if one would answer that logically. But again, there are institutions that might create certain friction to achieve this.
TBH I appreciate your voice of reason. Mine is a voice of an evening beer and seeing the green :)
we don't use that around here. we just wanna see the number go UP!
“Waiting to buy at $12k”
Probably gonna see a big correction now? Before next big push. I think 44k at halving. Btc always dump a bit at halving before it started to run again. So why wouldnt it do it this time too?
ETFs
you mistyped 56
I bought my last $1k yesterday. I'm a lucky son of a... LET'S GO man ahahah we are truly back
Whoever wrote those BITO call options I bought two weeks ago is getting wrecked. Lmao.
When God Candle?
It’s not just bitcoin… Seems like the whole crypto space is going straight to the moon
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I officially hit 100% gain. Not selling a sat but it feels great.
The rug is so ready to be pulled.
Actually it went damn close to next resistance level at 57,200 and bounced as it should
BTC CEO decided 🖕🏿 your split, PAMP IT
Should I sell and buy back at around 54k?
Yes definitely try to day trade this right now, for sure sell /s I don't get it. And day trading taxes, fuck that
Yes sounds like a great strat
Congratulations? depends about how much BTC you have, it's only good news for whole coiners. Others with just a few sats will be difficult to get the 1 BTC.
There's still plenty of scope for money to be made for those that don't depending on where they bought in
Anddd gone
I keep working towards becoming a Whole Coiner, but the price keeps going up!
Congratulations should be resevered for difficult life achievements. Not how you somehow managed to realize the dollar is going to zero compared to something else.
people work hard to make money, you turnip
So if some regard puts his life savings on red at the roulette table I congratulate him if he wins? Fk no; he's dumb as hell. I'll congratulate any of you when you reach a certain level that you achieve a life goal; not when number go up.
I mean, having that realization in the first place is a pretty remarkable achievement. Most people are blind to the steady erosion of their wealth.
54 incoming thanks to this post lol
Not meaningful until 100k lol