In Bitcoin We Trust?

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All of which points to inflation not far down the road. Traditionally, this is a prospect that would have triggered an increase in demand for store-of-value commodities such as precious metals. However, technology has come to the rescue with an increasingly compelling commodity called bitcoin, a cryptocurrency based on a fundamental principle: its supply is finite and it has already been issued at a very high rate. That gives it a fundamental advantage in terms of trust over either tradicional currencies or stablecoins based on baskets of coins or assets which, as we have already seen, are very unstable.

There are more and more important players in the economy, from companies like Tesla, Square, China’s Meitu and many others; banks like Citi, Goldman Sachs, JPMorgan; investors like Guggenheim or Paul Tudor Jones; or insurers like MassMutual, which have decided to take positions in bitcoins or offer them to their clients as a critical hedge against the possible devaluation of the dollar. This has encouraged a large number of companies to buy bitcoins, which in turn has sent the value of the cryptocurrency soaring. Let’s see what happens if a country decides to buy bitcoin en masse.

It’s very hard to predict where the post-pandemic economy is going, but there seems to be a growing consensus that bitcoin will play a big role in establishing its direction of travel. The reality is that there are no more truths or lies about economics anymore. To all intents and purposes, and particularly in the post-pandemic context, the bitcoin is a far more valuable asset to gold, silver, the dollar or the euro. A fact that many people, regrettably, have yet to understand.

https://www.forbes.com/sites/enriquedans/2021/03/11/in-bitcoin-wetrust/?sh=7d4ee25d2a07

I can't remember why I put bitcoinbunny on my ignore list, but may be this double posting was one of the reasons.

Peter Schiff
@PeterSchiff

My son @SpencerKSchiff went all in on #Bitcoin on the last drop below $50k. 100% of his portfolio is now in Bitcoin. He sold the last of his #silver stocks to raise the cash. If my own son is this brainwashed imagine how vulnerable most kids are. He's HODLing to infinity or bust.

https://twitter.com/PeterSchiff/status/1369695876726276106


Israeli Pension Giant Put $100M Into Grayscale Bitcoin Trust: Report
https://www.coindesk.com/israeli-pension-giant-put-100m-into-grayscale-bitcoin-trust-report

TOP DEFINITION
NgU
Acronym for “Number go Up”. This is the technology employed by Bitcoin (orange coin) to make everyone, who understands freedom money, rich as fuck.
The fact that the federal reserve literally prints USD at an exponential pace, while bitcoin has a capped supply of 21 million equals NgU!
by Voltzroad December 20, 2020
https://www.urbandictionary.com/define.php?term=NgU

NEW YORK--(BUSINESS WIRE)--Digital Currency Group, Inc. (“DCG”), the parent company of Grayscale Investments, LLC, has authorized the purchase by DCG of up to $250 million worth of shares of Grayscale Bitcoin Trust (OTCQX: GBTC). DCG plans to use cash on hand to fund the purchases and will make the purchases on the open market, at management’s discretion, in compliance with Rule 10b-18 under the Securities Exchange Act of 1934 (the “Exchange Act”).

https://www.businesswire.com/news/home/20210310005273/en/Digital-Currency-Group-Announces-Plan-to-Purchase-Shares-of-Grayscale-Bitcoin-Trust-OTCQX-GBTC#.YEjD8q1nkYU.twitter

To be honest, everyone is surprised by the impotency of the bears in the last 12 months. I doubt that they are capable of causing a sideways movement. Even now we are in an exponential growth and nobody except some delusional skinny bears is selling at these prices. The 2 minor corrections are simply because of the market overheating. Nothing more than that, at least for now.

No, actually he meant the usual shitcoiners house:

I've been thinking about the price tag BTC/$ we are so used to. Instead, why not consider the reverse $/BTC? I mean at some point in the beginning it was 1$ for 1BTC. Year after year, the $ was losing its position to the current 1$ for 0.00002BTC. The pace with wich the $ loses 0's after the decimal separator is ridiculous. Then why some fat neck bansters are still trying to frighten the hodlers that BTC can go to 0? On what grounds - that there were several big corrections on the way, which are not even visible on the chart if we zoom out? Isn't it obvious that the reverse is way more probable - that the $ is going to add many more 0's after the decimal separator in the near future? And if there is any danger, it is for the fiat lovers - yes, it is possible that Bitcoin will dominate one day in such a way, that a (huge) number of 0's would be added in a matter of each hour. Now, that's the clapback to the fat banksters! And they should be frightened, not us the hodlers!

Hi guys, I will tell you a true story from Bulgaria's history. It is one of the most inspirational feats which reminds me of the battle of Bitcoin for retaining key resistances (turned to support) like 10K in the Summer of 2020.

Today google is with the flag of Bulgaria. It is because 3 March is the Day of Liberation of Bulgaria from the Ottoman Dominion which lasted for nearly 500 years. During that time bulgarians were oppressed, women raped, no culture, no science, no delevoped cities. After several failed uprisings, Russian's king decided to help their little christian brother (the russian language is derivative from the Bulgarian language). Russia declared a war to the Ottoman Empire. However, during the war, there were several extremely dramatic battles known as The Battle of Shipka Pass. It consisted of four battles that were fought between the Russian Empire, aided by Bulgarian volunteers known as opalchentsi (an old bulgarian word meaning someone who openly and fearlessly stands up against the enemy), and the Ottoman Empire for control over the vital Shipka Pass during the Russo-Turkish War (1877–1878). The crucial moment came in August 1877, when a group of 5,000 Bulgarian volunteers and 2,500 Russian troops repulsed an attack against the peak by a nearly 40,000 strong Ottoman army. In just over two weeks Gourko had captured three important mountain passes but the main army was held up the day after Shipka Pass fell in the Siege of Pleven. Thus the defence of the pass was left to Bulgarian volunteers. Although they finished their munitions, the opulchenci continued the fight throwing stones and dead bodies against the waves of turkish army climbing the hill. After several days of fight, the relief came in the form of cavalry with two men sitting on each horse. The Ottoman Army made two major attempts to retake the pass in 1877, but was unsuccessful, as the Bulgarian volunteers were able to hold the pass against this overwhelming force, playing an important role in the war. And there were several more battles for Shipka Pass all of them won by the bulgarians.

https://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Fepicenter.bg%2Farticle%2FBitkata-za-Shipka-reshava-izhoda-vav-voynata-za-Osvobozhdenieto-na-Balgariya-%2F191057%2F11%2F0

https://en.wikipedia.org/wiki/Battle_of_Shipka_Pass

"bla bla bla  ... All things considered, it’s time to clear the way for Bitcoin ETFs."  
https://www.bloomberg.com/opinion/articles/2021-03-02/personal-finance-bitcoin-tips-scales-in-favor-of-a-u-s-etf

Will this be the year the first ETF is approved?

"Imagine how much more perilous a Bitcoin ETF will seem when the price climbs to $100,000 or more, and how much louder the clamor will be from investors ready to pile into an ETF when it’s finally available."

I guess the news for the ETF with a potential of trillions USD investments, on top of 100K+ price, will be quite a show to watch

When honey badger destroys in a day all bear attacks from the last week:

My calculations show that the correction from 58 400 to 43 000 is 26.3%. This doesn't even qualify for a significant 30%+ correction! And the claim that this is the end of the bull cycle is too premature and quite bearish. The support down to 40K looks pretty solid compared to the sell pressure, if we look at the depth charts of the main exchanges (even Bitstamp). So most probably we are going sideways for some time before resuming the bull run. My bullish expectations are 150-168K at the end of June and 333K-400K at the end of the year. The worst I can imagine for this year is half of the latter prices, i.e. 84K in June and 168K at the end of the year. However, we are on the track for the first scenario, and these 2 little corrections only improve the chances for that. #provenbymathandscience

Why is this lunatic mentioned  here at all? He is zero, nobody, nocoiner - a shadow of an evil spirit who lost his chance to get rich and seeking someone to believe in him. His name should be erased from all articles and books related to Bitcoin. It is like writing an article about a great monarch and including a paragraph about some imbecile in a lunatic asylum claiming to be him. His name and initials are not worthy of this epic forum as well.

The Canadian #Bitcoin ETF now holds more than 10,000 BTC.

https://twitter.com/glassnode/status/1365225362859429893

Good morning (or whatever part of the day is for you) WO! I am in the mood of buying cheap coins too. I've just bought 0.45BTC at 45-46K. My laser eyes are focused on 300-400K this year.  

Only 994BTC left to 500K. In a few months Elon will tweet again "In retrospect, it was inevitable".

May be this is some pathetic bear trying to scare the n00bs. With daily low at $44846 it is only 23% from the last ath. Way too far from the last (and only) 30% dump in 21 Jan for 11 months. A dump for ants for sure.