This is my first bull market

For those that care, I decided to run some numbers. There's a lot of talk about how #Bitcoin doesn't reach a new all time high until $80,777.14 but this is incorrect... The actual number is $77,067.00 approximately and here's why:

In 2021 #Btc was at $69,420 with a supply of roughly 18,869,653 coins. That's a market cap of 1.309T.

Today #btc is at $76,500 with a supply of 19,777,839 coins. Market cap of 1.513T. There's 4.81% more coins issued today than in 2021.

If you take the $80,777.14 times the old supply you get 1.524T. Which means we're only .012T market cap away from what it would have been in 2021. 1.524T divided by 19,777,839 coins today is a price of $77,067. You MUST include the inflation of the #btc supply as well.

We all know Bitcoin has a fixed END supply, but until that is reached the number of coins is still inflating. You can't just look at the monetary inflation of dollars.

Hope this helps because we're REALLY close to that true all time high number.

GM Nostr 🌞

Remember, you don't have to have an opinion on everything.

Google heavy donater to Kamala so no surprise

Never forget rule 11 in the game monopoly 👌

#Bitcoin

DAYLIGHT SAVINGS IS A SCAM.

Peak dumb ass scam retardation. Canada does not have ZIP codes.

opa

A man with two watches is never sure what time it is. A man with one watch always knows what time it is.

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Awesome, thank you. I promise to zap all the sats received on this note. Starting right away...

#newtonostr

Just finished setting up lightning address for the first time. And also nostr verification.

Can someone pls zap me like 10 sats so that I can use them to zap someone else, and thereby get a feel & hang of what it's like to receive and send zaps.

May be this is too much of an ask for a first note, and not sure if this note will even be seen by anyone as I happen to have only one follower - but still trying.

Apologies if this is not good nostr manners to ask for money right at the start :)

They're giving, not requesting?

#AskNostr - how does one make the annoying lightning invoices #spam stop? I've blocked and muted but still they come.

Brilliant. Just don't get too carried away.

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