Yeah this is why these etfs long term will be very bullish. In the past it was very difficult holding Bitcoin and risky. Now you can easily log in to your 401k brokerage and you can buy the BTC etf.
This is why they have so many competing ads on google. These etfs want to get the word out because if someone invests in bitcoin today, they will most likely hold for a decade and supply will become even more scarse.
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Yeah I noticed that if the prices stayed the same for certain goods, the portions are almost always smaller. Usually the container is the same but the portions inside are smaller.
I noticed this when I had old boxes of some products I used to buy. The box is the same, but the Grams per box is usually slightly smaller. Very sneaky way of dealing with inflation pretty much. Leave the price the same but put less product on the inside.
Some products are worse becuase they increased prices and also shrunk the box. So you are getting 2 bad deals for the same product as before.
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I am too old and probably wouldn’t even be able to do half of these push ups a day. And even if I managed to do 100, I would probably stop after the first day.
It’s a good challenge it will keep you fit, however there should be other ways of celebrating bitcoins price if it tops $100K. I think more important is the security of your crypto. Don’t keep it on an exchange, use cold storage, watch out for scam contracts and extensions.
Imagine bitcoin hitting $100K and you get it stolen due to poor security due to SMS 2fa or some password that was reused.
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This is good for the industry because you need to realize that if they are investing millions on mining hardware it means they see a bright future for bitcoin or crypto.
All miners, especially pro miners already have the halving in mind. And they also realize that most likely the hashrate won’t decline which is what happened in the past. So if they are still investing money into the future after the halving date it means they are confident of bitcoin future performance.
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Yeah it would be great for the fed or the banks or anyone with debt to get lower interest rates but doing so is risky because inflation might come back.
Look at last months employment numbers, more than double the expected numbers and the average hourly wages went up 0.6% which is double.
Imagine what would happen to inflation if they cut rates right now? We would get double digit inflation in a year or so and interest rates would have to go even higher.
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If find that when we are in a bull market and you want it to drop further to buy, usually it never drops further but keeps going higher and higher.
If we are at the end of a bull market or bear market then every dip you see you invest more of your money but it keeps dipping and dipping. And usually it bottoms out a year later when you run out of money pretty much.
So the best decision here is just to DCA because you can’t perfectly time the market.
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It’s basically variance. Remeber how we had those 2 hour block times, well this is the opposite. Basically the average is 10 minutes but sometimes blocks can be found in seconds or hours.
I don’t think it implies anything, they are a big pool and it’s normal for them to find this many blocks so quickly. I would be more concerned if all of a sudden a new private miner appeared and started to solve 50% of all daily blocks, and we didn’t know who it was. That would be more of a concern than this.
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I think the biggest headache of mining in 2014 was that USB risers weren’t mainstream back then. You had ribbon risers and those were a big pain.
I had some low end gpus like Radeon 6870, 6950, 7850, 7870, etc and they were very profitable and didn’t use as much power as a 280x or r9 290. So I tried to use 5 of them in a single rig and due to the ribbon length it was difficult getting them mounted with each space so they didn’t over heat.
So I had one physically inside the x16 slot on the motherboard and the other were all hanging above it and there was 2 gpus that would run super hot due to the bad clearance and poor ventilation. With usb risers it would make the job so much easier but they were introduced when the market topped and everything was going downhill.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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