Imagine having nearly 30 more halvings to go and thinking $27k is the top.
Next quarter starts in 14 days...
1 btc clearly.
Yep, got that from a relative some time ago.
Bitcoin is cheap as long as its market cap is less than gold's. $250k btc? Extremely cheap.
Extremely improbable is an understatement.
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And interestingly enough, I saw that thread a few days ago and led me to research Bitcoin Unlimited. Needless to say, I was left unimpressed. That guy seems like Great Value Craig Wright honestly.
One big argument is that bitcoins security model will fail as miners rewards go down to nothing.
Take a look at this Twitter account: I think he has some valid points:
https://twitter.com/justin_bons/status/1635999496273375233?s=46&t=qOLQLqpQ9WSeRIM3gD4ssw
Let's say bitcoin gets to $1M a coin in 2140 after all block rewards have been exhausted. The current fees we're seeing now are .2 btc (one recent block just had 3+ btc in fees). At $1M per coin, the $200k reward would be substantial more than the 6.25 + .2 (~$175k) that the reward is today. I don't think BTC's price going to $1M per coin is outlandish by any means. In fact, it's probable in my opinion. So, I understand the security budget concerns, I just don't necessarily put that much stock into them.
Are these out for purchase? I was looking at setting up a second wallet and these looked intriguing.
Almost guaranteed to be the remnants of a local 5k.
A self-fulfilling prophecy loop to hyperbitcoinization.
I figured out a way to up my DCA. Got an end of year stacking goal to hit. 🙏
I never fully understood why they'd have a bunch of ultra violent and sexual movies available to watch for in flight movies. I usually just read instead.
Looking forward to the day my relative that told me "bitcoin is a scam" because "the company that controls it is making tons of money" a couple Thanksgivings ago has to eat some humble pie.
Bitcoin is the monetary good. Lightning protocol is a payments technology?
All the while, bitcoin hashrate is going crazy.
Nope.