As the 'E' in P/E stands for 'Earnings,' no. P/E is a metric typically used to measure the valuation of businesses, primarily for pricing equity securities.

There are a variety of other metrics used to look at Bitcoin fundamentals, though at the end of the day a lot of the fundamental analysis of Bitcoin ends up being indirect, looking instead at fiat liquidity factors, and overall risk appetite given performance expectations of other sectors based on their overall backdrop. With bitcoin specific metrics people look at things like how much of the total supply has moved or hasn't moved recently, and of course, where we're at in the halving sequence when it comes to mining. Overall energy supply could play a factor as well, though to the best of my knowledge this is a smallerpart of things aside from massive events such as when China banned mining.

This is all more complicated than what a simple P/E is though. I like to often look at it in terms of fiat cost of bitcoin * 21 M/global population to give myself some perspective.

Right now, that's 21,000,000/8,200,000,000*$89,169.00, for a total of $228.36 for each person's equal share of the hardest money on the planet. Draw your own conclusions with that sort of data...

It's also worth remembering that some people ARE traders.

But just because you use an asset, money, or contract doesn't mean you have to trade it. And that trading IS a profession, a skill, and something you can absolutely hurt yourself doing.

It's also something very prevalent in the fiat world where saving isn't a real option because the money itself is a melting ice cube.

Fwiw, it's worth remembering that a skillful market of traders can bring some smoothness to otherwise jagged price movements particularly as changing fundamentals bring about broader shifts in valuation. If you were able to buy at 75k between 60k and 90k you likely have some traders to thank. Some of whom may very well have lost money in providing that service to you, though perhaps others who did not, but were more interested in focusing on those short term price moves.

They're a wild bunch to watch work, but I'm glad not to be one of them.

Phew, you almost helped them make more money. Dodged a bullet.

Next time use zap.stream 😉

You'd be recreating the Bitcoin Fountain circa 2009 with an orders of magnitude lower payout, which is fitting.

It'd be tough without some hoops to avoid abuse. I get my 'free' sats from sMiles, Ember, and ZBD -- sMiles being the fewest hoops to jump through, Ember being the most lucrative, and ZBD also being a Lightning wallet...

Lol.

I bought a bit of bitcoin in 2012, and then had some years in the desert making use of it for cash and messing around with ethereum -- took awhile to see proof of stake for what it was, and I hadn't been familiar with the WEF. But #Nostr has reaffirmed my faith in #OrangeLife, and I'm stacking diligently.

Markets tend to get ahead of themselves and have pullbacks, especially when you have institutional traders with momentum based algos inthe mix. Now, 'crash' is a big word, and the last one did seem bigger than most of bitcoin's previous pullbacks for a few reasons (FTX et al, massive COVID stimulus, etc).

I don't think we should necessarily expect such a huge crash this time, but things don't go up in a straight line.

When you get 5 hours of sleep ahead of a 10 hour day and just can't pick which source of caffeine to go with...

#yerbamate

#matcha

#coffeechain

This is the best reason to care about price IMO: it puts running your own #Lightning node within reach of far more #plebs who don't have a full #BTC (yet) to throw in for liquidity.

'Prosperity:

The brave and generous

have the best lives.

They're seldom sorry.

The unwise man

is always worried,

fears favors to repay'

-Hávamál

In 70 AD, Nero was, I believe for the first time in history, deliberately debasing currency through coin clipping. His mark on the coins was required for them to be considered money, and unlike before, was the real determinant over what it was worth, rather than the weight of the metal it was made of.

And yea, if you're not familiar, 666 refers to Nero by way of Gematria, a form of qabalistic numerology. Specifically, to Neron Caesar as it would have been rendered in Hebrew.

Currency debasement leads to a predictable set of consequences, which look very similar across history, even if the specific technology that gets used in each episode varies a bit.

If I were trying to get cute about price I might try an Ichimoku Clouds chart alongside an RSI chart, mostly because it's what I'm most comfortable with in general. They'll tell you perhaps more about the fiat side of the equation than Bitcoin though. Bitcoin itself is tricky because prices are set at the margin, and once little enough Bitcoin is floating around because it's all been snatched up by hodlers, there's no telling how quickly it can jump up, seemingly out of nowhere. These events seem to be incredibly hard to predict. If an S&P500 company tomorrow decides to start throwing a sizable chunk of BTC on their balance sheet it would likely dry up a lot of supply very quickly, as it's really just incredibly early still, for however much you may feel like you missed the glory days in the 2010's. At the end of the day, if you divide 21 million Bitcoin by 8 billion people on Earth and then multiply it by $76,000 (the fiat price of bitcoin at time of this writing) you get just about $200 -- let that sink in.

There are probably people who have watched these dynamics better than I have who could offer some insight into measuring how much bitcoin is "live" at any time and, in combination with some of the other dynamics, really give you a decent system to work with. But the chances of a black swan (or what's the word when it's an unexpected bullish phenomenon? a white swan?) event throwing your whole system out the window because everything's surging would likely always be pretty high, at least at this stage in the game. Recall that two months ago today we were around $54k.

At the end of the day what should likely shape your decision here are two factors: your outlook on global fiat liquidity dynamics in the relatively short term (<1 year - 3 years) as well as the overall outlook for Bitcoin to the extent you can really project this (with examples being outlook for regulatory changes, large government liquidations following seizures, or large institutions/governments adopting Bitcoin as a treasury asset or legal tender).

Personally I tend not to have the patience for all this. But it's an interesting thing to try to work out. You'll have to decide for yourself of course whether the risk of missing out on upside or the risk of buying a near term top is your bigger fear.

I bought Bitcoin years prior, but Nostr definitely solidified some principles and got me resolved to ditch my Ethereum. It's nice if people pick up Bitcoin the right way first, but Nostr makes it easier to share all of the potential pitfalls that so many of us already hit so others don't have to.

Definitely not necessary to go this order. Nostr is a lot more accessible in a matter of a couple minutes. Even if you're using an awful KYC exchange and sending a bank wire to fund your purchases it's likely going to take you a few hours to actually buy some bitcoin, unless you're given a hardware wallet and are nearby a bitcoin ATM.

Besides, come to Nostr first, get a lightning wallet, and you'll likely end up getting zapped at least a few sats to start your stack anyway.

If anything the signs are more useful than ever, now that people might finally be going "welp, time to learn about this butt coin that orange guy on TV is talking about..." The universe really has a sense of humor given that our first bitcoin president is also our only orange president I'm aware of...

I miss $140. Though it is nice not needing to go get a Moneygram to send cash to BitInstant and have them transfer it to MtGox just to buy some BTC...

I'd run that by an accountant, just to be sure you're right there. It LOOKS like that 0% rate is for people whose total taxable income for the year is $44,625 or less. I assume you have other income.

But I'm literally just reading this article from Fox Business and am definitely not qualified to give tax advice. Just make sure you're not setting yourself up for unforeseen costs. https://www.foxbusiness.com/money/how-you-can-pay-0-tax-rate-capital-gains

They tend to be a bit idealistic, but there's something to work with based on mutual aid and non-aggression principles. The disagreement on the use of a state is where we tend to reach impasse.

I'd say this, but also playing to the libertarian angles besides just the Federal Reserve. The hawkish factions within the GOP are certainly there and powerful, but there's more to Ron Paul's influence besides just "End the Fed."

I don't see it going very far in the executive branch at the Federal level, but start chipping away at the local offices and other down-ballot positions, network with the community at town meetings and campaign events, and you'll start to see that influence grow, especially when dealing with chameleons like Trump, or just generally otherwise ambivalent politicians who have their own pet agendas but are otherwise flexible when it comes to rounding up votes.

I agree ending the Fed is the best long term policy move, but I'm not comfortable with the idea of suggesting that we can't also do something about the people being bombed this week, this month, or this year, and that we can only address the next generation.

Also worth noting, sort of on a side note, is that UNRWA USA absolutely accepts bitcoin (as well as some shitcoins, if you know anyone who you've recently orange pilled that could do well with a wallet cleanse). As we see for ourselves in the Bitcoin space here, we don't need to wait for the death of fiat to enjoy some benefits of sound money today.

There are criminal charges against him outstanding, which he's only not faced because he's stayed outside of the reach of the American "justice" system in Russia. https://www.justice.gov/opa/pr/united-states-obtains-final-judgment-and-permanent-injunction-against-edward-snowden