I remeber that Time very clearly and they didn’t initiate the bull market because it was already rallying however when word got out that they bought $1.5B it started a huge pump. Bascially people were copying what Elon was doing and were borrowing money to buy bitcoin and doge coin.

And when he had the SNL it marked the top of Doge. Because he didn’t pump it as people expected and when he removed the option of using bitcoin to buy teslas because it used non renewable energy the price started to decline. Then when he started to sell it got worse.

There is nothing wrong with software wallets. Many people use electrum and never had any issues. But you need to use correctly and the correct way is use it with a cold storage method.

Don’t keep your crypto on your online computer, make a key offline and use it to sign transactions and that computer Never connects to the internet. That is very safe and has been used before hardware wallets were even a thing. Just need to do hours of research to do it properly.

The longer it stays relevant the less chance it has of going extinct. Especially since we got etfs now and people are putting BTC into their long term retirement portfolio.

What will go extinct are many altcoins however. Many altcoins typically go -90% and then lose another -90% and become irrelevant and extinct. Then usually the exchange delists then coin and eventually all nodes stop and the alt coin is gone completely. Won’t happen to Bitcoin.

I’ve been hearing about this for almost 5 years pretty much. Saying that quantum computers will be cracking private keys and stealing everyone’s bitcoins.

If this was the case then no exchange would keep billions of bitcoins in a single address, but they still do. I think this poses a threat but we are at least a decade away and by then most wallets will be upgraded and have much better security.

Every cycle people think that there is going to be a massive 50% hashrate decrease because of the upcoming halving. But guess what. From what I remember the hashrate maybe went down slightly for one or two periods and then again resumed its upward trend with the halved block reward.

Many miners already know the block reward will go down. They already upgraded their equipment or they sold their equipment ahead of time because they knew it would make any finance sense to mine at a loss.

People have been calling on real estate crashes for years. Besides what happened in USA, most real estate markets around the world are very strong. Look at Canada for example. We got $2M dollar homes here which are competely run down. And they are only selling because of the area they are located in.

Luxury goods like watches already peaked in 2022 and are slowly correcting. Same with luxury cars. No longer are people paying markup for such goods as before.

If you are the only one mining like satoshi then it doesn’t matter what speed your processor is running at.

There is a block every 10 minutes on average so in a given day there is 144 blocks. Back then block reward was 50 so in total about 7200 should be produced daily.

If satoshi was the only person mining that’s how much he could mine max per day. If another person with a similar set up started to mine with satoshis, the rewards would be split between the two.

Like the above replies have said. You can post the hash but the other party wouldnt be able to verify at the moment if it’s real or not. So in the future you can post your address finally and prove your hash was true but at the moment it’s a risky take for the other party.

You need to provide the address if you want have adequate proof that the hash you provide has meaning. Because anyone can make up a bunch of random character and tell the other party that they need to just trust you that you are telling the truth, but in crypto most people want to verify and not trust.

He might be a good writer and maybe real estate investor but he is very bad at timing the markets. It’s not only crypto markets but stock markets also.

Every few months he says there is going to be some huge big crash. I understand. Economy looks like it’s about to explode due to inflation and everything. But he has been saying this for years.

This is similar to that Big Short guy who keeps saying there will be a major crash every 6 months. He predicted 2009 but since then every prediction he had was pretty much incorrect except the one during Covid.

Listen it was worthless back then. Nobody expected for bitcoin to explode like it did. It’s the same with Ethereum back in 2014. I think they had an ICO and it was like less than $1 per ETH. And a few years later in 2017 it went to $1400. So it would of been a super fast investment buying at less than $1 an ETH and selling a mere 3 years later for like 2000-3000% profit.

It’s like this with many investment. Look at Tesla when it launched. Look at Nvidia. They all would of made many people millionaires but many all sold way too early. It’s the same with bitcoin and most cryptos in general.

Yes that jobs report was a huge surprise. The average earnings was crazy high and so was the amount of jobs added. Both were way over expectations and as a result the bond market tanked.

At one point the bonds were down 4% or so which is crazy volatile for such a deep liquid market, shows how much whipsaw there is in treasuries.

I read your post twice and I am still confused what it is regarding. If you are talking about people taking risks and YOLO all their money, it’s only a small percentage of people on Wall Street bets. Most yolo all their money in some risky options and end up losing it all, the general public doesn’t do that.

But I agree with the life expectancy going down. People are not eating healthy. More and more people are over weight. Due to social media and phones, people don’t go outside. People have less contact with other humans. Yes it’s getting worse and worse.

Besides Bitcoin Cash, the rest of the forks didn’t really catch on. Many were listed on small exchanges and the forked bitcoin chains basically died off one by one.

Later in 2018 was when Bitcoin SV was forked but it was a fork of Bitcoin Cash and since one is listed on some exchanges but due to some contrevosary it was delisted on some exchanges like Binance.

But yeah those Bitcoin Pizza and Bitcoin Diamond or Bitcoin Plus all pretty much died off.

These bitcoins that they hold in the fund are not theirs. You can go to your online brokerage, buy 1 BTC worth thru IBIT with your money and they will hold it for you. They cannot just sell it without your permission. Doesn’t work that way.

Perhaps there might be some hedge fund or large trader who decides to short IBIT by borrowing from others by margin and they can market sell those and cause a price decline but this is nothing new really. This was possible with the Bitcoin futures for the past few years already.

Yeah they are competing against each other because they know that once someone buys, they will keep it for maybe 10 years and they will make great fees out of them throughout the years. So this is why they try and promote their etfs.

Because most people don’t know the difference between the various companies so if they can get you to see their ad and you go to their product info page you might decide this is the fund for you.

That’s why some are saying they will donate some of their profits for bitcoin development and other blockchain uses. They are doing this to compete so you will use their fund instead of others.

We all knew they wouldn’t cut rates in January. And most likely with the data that was released there is a small chance we see a rate cut in March.

However everyday there is something going on. Seems that banks are being hit again like they were in March 2023 and we got a huge rally in the bond market as many are expecting the fed to cut rates to save these banks. Or they will simply just restart QE like they did in 2008 and 2020.

Seems everyday there is a huge sentiment shift.

Yes it’s nice seeing the GBTC flows decline and for us to have positive flows for the rest of the etfs.

I think since we seem to be having more small bank issues like we did back in March 2023, we might see bitcoin get even more flows as more small and medium banks get seized by fdic. Seems that since the BTFP is ending that there will be more pain in the banking sectors.

People will no longer feel safe keeping their money in banks and will search for a better alternative such as bitcoin.

Most people since 2017 pretty much have learned that you cannot use the bitcoin main chain for small transactions. You can’t use it to pay for your coffee or to send a $5 to your buddy. We all moved on to ETH L2 networks or other alt coins.

The fees now are better than before. Last I checked you could get a 25sat/btye fee going, which isn’t too bad if you are sending more than 4 figures but if you are sending 2 figures or less then it doesn’t make sense. Hence why many are moving to lightning or other alternative bitcoin networks.

Etfs get terminated for many reason however most of them are due to lack of demand. There are way too many of these Bitcoin etfs so I predict in a year or two the 2-3 with the least amount of AUM will probably just close down.

Don’t think blackrocks or fidelity will however close down anytime soon since it has a large AUM and will be around for years. Remeber that Inverse Kramer ETF that launched a few years back, it closed down last week due to lack of demand. It just happens with etfs.

You should never take any loans to invest in anything because if your investment goes down in value you are losing money both ways with the principal invested plus the interest.

Borrowing money should only be used to purchase goods like homes or cars, not for speculation. Many had done this and they are in a bad financial situation. Plus there is no guarantee that Bitcoin will go up 2 years from now, so why risk it. Horrible idea.