prediction:
Bitcoin will range between 80k and 100k for the next months
I've got buy orders at 81111
the dollars in those orders get interest in Bitcoin at river https://river.com/signup?r=PZ5DAOQ2
Here’s how skepticism toward Bitcoin today parallels the critiques against Amazon in 1995:
1. Online Shopping → Bitcoin Adoption
Amazon: People doubted consumers would embrace online shopping.
Bitcoin: Critics argue mainstream users won’t adopt Bitcoin for payments or as a store of value.
2. Book Market Challenges → Use Case Viability
Amazon: Established players (e.g., Barnes & Noble) were dominant, and books had low profit margins.
Bitcoin: Fiat currencies dominate, and Bitcoin’s transaction speed, fees, and volatility make it impractical for daily use.
3. Unproven Model → Unclear Long-Term Value
Amazon: A growth-over-profit model was seen as unsustainable.
Bitcoin: Critics question whether Bitcoin is a bubble, citing energy costs and lack of intrinsic value.
4. Small Online Retail Market → Limited Market Adoption
Amazon: Few internet users and low trust in e-commerce hindered growth.
Bitcoin: Bitcoin adoption is limited to niche groups, with many unfamiliar or mistrusting of it.
5. Competition → Other Cryptocurrencies and Centralized Systems
Amazon: Competitors could easily replicate e-commerce platforms.
Bitcoin: Thousands of alternative cryptocurrencies and central bank digital currencies (CBDCs) challenge its dominance.
6. Dot-Com Skepticism → Crypto Skepticism
Amazon: Many believed internet businesses were speculative and doomed to fail.
Bitcoin: Critics see Bitcoin and crypto as a speculative fad, vulnerable to regulation and collapse.
Bitcoin faces challenges similar to Amazon’s early days but could follow a similar trajectory of overcoming doubts through innovation and adoption.
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Amazon went public on May 15, 1997, at an initial price of $18 per share. Investing $1,000 at that time would have purchased approximately 55.56 shares. Considering stock splits and price appreciation, those shares would be worth over $10 million today.
El Salvador has 5946 Bitcoin at 32ixEdVJWo3kmvJGMTZq5jAQVZZeuwnqzo https://bitinfocharts.com/bitcoin/address/32ixEdVJWo3kmvJGMTZq5jAQVZZeuwnqzo
this is worth $556.4 million today
they have 6 million people living there
that's $92.67 of Bitcoin per person
or .001 btc per person
they buy 1 Bitcoin a day:, (pretty conservative)
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America would need 334,000 to catch up
the feds have 200k Bitcoin, taken from silk road. (poor guy is still in jail)
if Trump pardons him (doubtful), he won't return the coins (no way)
so the strategic reserve needs another 134k Bitcoin. a measly 13 billion dollars?
or maybe Trump just nationalizes microstrategy
good morning
91,500 is crashing but crash a lot and we're all going to die
or just maybe it'll stay between 80 and 100 for the next 6 months creating plenty of buy opportunities
Jordan always seems angry about something
he need's a chill pill
I don't know about that man cuz there are only so many three letter domains and you can't make any more really at least not anymore.com ones
Bitcoin was in the 92,000s earlier
it's crashing and we're all going to die a horrible painful death
I have buy orders at 81,000 which will only work if it stays in a range for six or seven months like it just did earlier this year
crashing down to 94k
omg
we're all going to die
probably lyn Alden
experiments keep me young
100 trillion dollars per Bitcoin
https://www.zerohedge.com/political/us-blacklists-29-chinese-companies-over-forced-labor
Here’s those Chinese people you think are so much better off now.
p China is run by evil people for sure but they would be even worse off without Walmart who lifted hundreds of millions of them out of poverty
I just put in a buy order at 8111 for Bitcoin
it's unlikely to hit, maybe 30% chance
but in the meantime on the river I get interest in Bitcoin on the dollars as they sit there at three and a half percent or something
https://river.com/signup?r=PZ5DAOQ2
if it breaks above 100 convincingly I will immediately flip and pile in
prior time I did this I ended up buying when it went up above 74k
the time before that I got a whole bunch of 52k
balsey move
betting against Michael saylor seems like a bad plan for sure
it's a hideous crash and we're all going to die
I think other CEOs are asshats but just in private
if satoshi's bitcoins moved, how far would the price drop?
I love half of Elon
the part that makes cool stuff, rockets and cars