Yesterday the Spot #Bitcoin ETFs had a positive inflow of 6,158 $BTC.
#BITCOIN BULL FLAG IN THE MAKING...
TG: @Rajatsonitrades
#Bitcoin
After $BTC reached it's ATH in 2017, the correction lasted 21 days. After that, we saw a parabolic rally.
After $BTC reached it's ATH in 2020, the correction lasted 21 days. After that, we saw a parabolic rally.
Same scenario in 2024?
1 week left... ticktock.⏰👀
Unsuccessful traders believe that the market is manipulated and use it as an excuse.
Successful traders know the market is manipulated, and learn how to play the game.
Different mindsets.
TG: @Rajatsonitrades
Governments and banks can't regulate #Bitcoin
They just want us to think they can so we don't buy any
TG: @Rajatsonitrades
My goal with #Bitcoin is complete time, location, and financial freedom.
This means I won't have to rely on a paycheck to feed my family.
I can easily trade some of my Bitcoin after I've accumulated enough to sustain my lifestyle.
If I don't want to trade any of my Bitcoin, I'll continue being productive to earn an income to pay for my expenses.
Eg. Work a job, build a business, etc.
You can also choose to borrow against your Bitcoin BUT you can lose EVERYTHING if you choose to do this.
I don't plan to do this any time soon (or at all) because Bitcoin is insanely volatile.
If you borrow against 20% of your holdings and the price drops more than 80%, you could lose your entire stack.
#Bitcoin is the best store of value for EVERYONE, not just rich people.
Anyone can save any amount of money in Bitcoin and expect to maintain or increase their purchasing power if they have a 4+ year time horizon.
You don't need - 70,000 USD to buy Bitcoin - you can buy some for $1.
TG: @Rajatsonitrades
I used to hate Bitcoiners until I realized they were trying to help me.
When I looked at #Bitcoin with an open mind, I was able to ask questions and figure out how broken the legacy financial system is.
USD-denominated assets are just a way to satisfy people who don't want to be stolen from via inflation.
Not everyone can own these assets though...
There are people around the world who save in US Dollars but cannot purchase stocks or prime real estate.
I used to LOVE index funds - the 10% return seemed almost too good to be true, especially when compounded for 30 years!
The truth is that your cost of living is rising a lot faster than you think, but the increase is being hidden from you.
Inflation is said to be 2%, but the true rate of monetary debasement is much higher than most people think.
The S&P 500 is an index fund that tracks the top 500 companies in the US.
It's said to be a great inflation hedge...
But the S&P 500 barely keeps up with the increase in the global money supply (the amount of money being borrowed/printed and added to the economy).
This means people who are investing in stocks are ALSO being stolen from, but at a much slower pace than holding cash.
Anyone who doesn't invest in index funds or other assets will have all of their money taken away from them because there's no limit to how much money can be printed by governments.
Let's say you save $1M in your bank account and it's 1% of the total money supply today of $100M.
Tomorrow, your government could easily print $100M and debase your savings to leave you with 0.5% of the money supply.
Your government would then use this freshly borrowed/printed money to pay for spending that isn't covered by tax revenues.
This means your savings are losing value over time - your wealth is being extracted by your elected leaders!
Governments don't print or borrow 100% of the money supply overnight.
They do it slowly enough to keep the average person from questioning the system, but fast enough to keep that same person on the money treadmill as long as possible.
Companies try to transfer the cost of inflation in raw materials to their customers, but there's a limit to this.
If prices rise too much, customers start switching brands.
To keep prices low, companies produce products with lower-quality ingredients and materials or smaller packages disguised to look and taste like they always did.
Have you noticed that whole foods have gotten more expensive and the things we buy break a lot faster?
All of this is a result of governments extracting value from our savings by constantly issuing more money, and corporations trying to maintain profits.
If you don't realize how the legacy financial system steals from you, you will never figure out that Bitcoin is the solution to all of your money problems.
Bitcoin works by being completely transparent and making monetary debasement impossible.
You can figure out exactly how many Bitcoin are currently circulating by seeing which block we are currently on.
Nobody can predict how many units of a fiat currency will exist at any point in the future.
The current financial system is designed to keep most people working to generate income for the rest of their lives.
Bitcoin is designed to provide freedom to anyone who wants it.
#Bitcoin shorts are going to get rekt as usual over the long term
It may take a month or two... but that's OK.
More time to accumulate at their expense.
#Bitcoin shorts are going to get rekt as usual over the long term
It may take a month or two... but that's OK.
More time to accumulate at their expense.
This is very interesting
Every country with a stable financial system will offer #Bitcoin ETFs eventually
Some people can't wrap their heads around the fact that #Bitcoin 's value will eventually be higher than the US national GDP.
The internet is used globally.
How much would the internet be worth if we assigned a US dollar value to it today?
Bitcoin can/will be used around the world as a store of value.
Why would its value be limited to a single country's GDP?
Bitcoin will be worth more than all of the *wealth* that exists in the entire world today.
Why?
Because currently the wealth is spread out amongst hundreds or even thousands of "assets."
Since Bitcoin is the best money, it will absorb a lot of the monetary value of every other asset.
The only value left in other goods/services will be utility value and sentimental value.
To make numbers very simple:
There are something like 144 million houses in the US alone.
Today, a house is worth 6-7 Bitcoin and a house is ~500K.
Just based on this alone, 1 Bitcoin should be worth 6-7 houses in the US, or 3.5 million USD
But this isn't how Bitcoin's price goes up...
Bitcoin is different from other assets because you can't create more than the 21,000,000 supply limit.
19.6 million coins are ALREADY HELD BY PEOPLE who may never let go or won't let go until we reach much higher prices (because Bitcoin is undervalued right now).
A lot of these coins are lost and will NEVER be recovered.
If we have a total supply of 17 million coins, how much will each one be worth?
It's human nature to want whole numbers (eg. owning 1 Bitcoin).
Some of the wealthiest people in the world won't pay attention to this until it's millions of dollars...
How much will they be willing to pay to own one Bitcoin?
What will they be willing to sell to own fractions of Bitcoin?
I think houses will eventually be worth 0.01 BTC.
Cars will be 0.0005 BTC.
A week of groceries will cost 0.000001 BTC.
Eventually, 1 BTC will be $100,000,000+, meaning it has a $2.1 quadrillion+ market cap.
Don't wait until the price is much higher to start paying attention.
Once we reach certain levels, the price will never come back down again.
At this point, Bitcoin will have the attention of a certain level of investor who will never sell, no matter how high the price goes.
Reminder:
You can buy fractions of #Bitcoin
1 Bitcoin = 100,000,000 Satoshis
This is like dollars and cents
1 dollar = 100 cents
If you have 0.1 dollars, you have 10 cents
Similarly, if you have 0.0003 Bitcoin, you have 30,000 Satoshis
When you buy Bitcoin, you are converting your dollars into (or SELLING them for) Bitcoin
Some popular conversion rates:
1 Bitcoin = 69,800 USD
1 USD = 0.00001432 BTC (1432 Sats)
1 Bitcoin = 64,128 Euro
1 Euro = 0.00001558 BTC (1558 Sats)
1 Bitcoin = 94,431 Canadian Dollars
1 CAD = 0.0001059 BTC (1059 Sats)
1 Bitcoin = 55,100 Pounds
1 Pound = 0.00001814 BTC (1814 Sats)
1 Bitcoin = 502,254 Yuan
1 Yuan = 0.00000199 BTC (199 Sats)
1 Bitcoin = 10,532,668 Yen
1 Yen = 0.0000009 BTC (10 Sats)
Blackrock's #Bitcoin ETF now holds 243,627 BTC, up 501 from yesterday.
I think this decreased buying pressure from $IBIT customers is temporary and will resume to previous levels soon enough.
900 BTC are issued per day. Around April 20, this will drop to 450.
Blackrock clients bought ~60% of the amount of BTC that was produced.
Blackrock's #Bitcoin ETF now holds 243,627 BTC, up 501 from yesterday.
I think this decreased buying pressure from $IBIT customers is temporary and will resume to previous levels soon enough.
900 BTC are issued per day. Around April 20, this will drop to 450.
Blackrock clients bought ~60% of the amount of BTC that was produced.
If a financial adviser doesn't understand how #Bitcoin works, I wouldn't trust ANY of their advice.
How do I know that they didn't skip other crucial areas of knowledge as well?
If a financial adviser doesn't understand how #Bitcoin works, I wouldn't trust ANY of their advice.
How do I know that they didn't skip other crucial areas of knowledge as well?
Most people have NO allocation to #Bitcoin .
93.6% of coins have already been issued and are in circulation already.
Over the next 20 years, 99% of the world will be fighting to get even a small piece of the pie.
This is the way 👏🏼
If you can't wrap your head around #Bitcoin, it's fine.
Diversify with a small amount.
I don't want my real estate and stock investor followers to be poor in the coming years.
Bitcoin is the only real exit from the fiat Ponzi scheme.
Everything else can be stolen from you, either through taxes or confiscation.
TG: @Rajatsonitrades
Something like 1% of the world owns #Bitcoin
Probably less than 0.1% truly understand what they own