The spreads are too high on btc atms
I think the local meetup idea is a good one. Find a popular watering hole and start inviting people there to have a drink and talk bitcoin. Ask those already in there if they want to learn more. Show them how easy it is to setup a wallet. Send them some sats. Stress the importance of holding your own keys. Stress the importance of preserving your purchasing power in the hardest money ever created. Do this X times a month. Once you buildup a regular crew, ask the manager of the watering hole if they would consider taking payment in bitcoin. Cheers!
Each block in the blockchain contains a group of verified transactions.
Ask merchants if they will accept bitcoin/lightning for their goods
Been listening to DJ Static and Professor Groove since I stumbled upon the WEFUNK radio station in iTunes.
For the #funk #soul #hiphop fans, check out #wefunkradio
As the old saying goes…not your keys, not your coins!
What could the dollar price of #bitcoin over the next 10 years look like with a 50% CAGR?
CAGR, or Compound Annual Growth Rate, is usually used to determine the average growth rate of an asset per year.
Let's conservatively set CAGR at 50% per year and a starting price from this year of $55,000 per bitcoin. See the links below as to why 50% is conservative.
Year 1 (2024): $55,000 x 1.5 = $82,500
Year 2 (2025): $82,500 x 1.5 = $123,750
Year 3 (2026): $123,750 x 1.5 = $185,625
Year 4 (2027): $185,625 x 1.5 = $278,438
Year 5 (2028): $278,438 x 1.5 = $417,657
Year 6 (2029): $417,657 x 1.5 = $626,485
Year 7 (2030): $626,485 x 1.5 = $939,727
Year 8 (2031): $939,727 x 1.5 = $1,409,590
Year 9 (2032): $1,409,590 x 1.5 = $2,114,385
Year 10 (2033): $2,114,385 x 1.5 = $3,171,577
https://casebitcoin.com/charts reports a bitcoin CAGR of 155% over the last 5 years.
https://curvo.eu/backtest/en/market-index/bitcoin?currency=usd reports a bitcoin CAGR of 102% over the last 12 years.
https://bitcoinroi.com/cagr/ reports a bitcoin CAGR over 1 to 13 year grouping span (low of 26%, high of 115%, average of 71%)
https://cointelegraph.com/news/bitcoin-s-compound-annual-growth-is-an-unheard-of-200-cagr from 2021 reports a 10 year bitcoin CAGR of 196%
Are we not bullish enough?
People see the big dollar value of $61,892 and think they can’t afford to buy bitcoin.
In reality, you can buy bitcoin without spending thousands of dollars.
Essentially yes.
From my dollar example:
$1 = 1612 sats = 0.00001612 BTC
Don’t be intimidated by the price of 1 #Bitcoin. ($61,892)
I know I’m mainly preaching to the choir on #nostr but it’s crucial for those who are beginning the journey.
You don’t need to buy a “full” bitcoin to participate.
Satoshis are the smallest unit of bitcoin and there are 100,000,000 satoshis or “sats” in 1 Bitcoin.
$1 = 1612 sats
Start stacking those sats today!
Why #Bitcoin ?
It’s decentralized.
No central authority. No CEO. No “person in charge”. Anyone can opt in to participate on the network.
Why #bitcoin ?
It’s transparent.
Anyone can audit the public code. Anyone can confirm current circulating supply. Anyone can see the block reward schedule for the next 116 years. Anyone can use a block explorer to see every transaction ever made since the genesis block.
Why #bitcoin ?
It's permissionless.
Anyone can create a wallet, connect a node, start mining and send or receive a bitcoin transaction.
No financial institutions or governments required.