Feeling like a little kid waiting for his birthday. Just 48 blocks left or ~8 hours, excited!
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1BTC = 1BTC. We HODLers don't care about $ value!
I care about purchasing power. What it is denominated in I could not care less. Can it buy me a loaf of bread, a house, the moon? That is what matters.
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I truly feel sorry for those thinking with Bitcoin they hodl a penny stock. Bitcoin's future is so bright you need to wear sunglasses, and still most can't see it. Too bad.
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Post this 2020 halvening miners will cease to be the biggest sellers of Bitcoin. It'll be the dawn of the crypto exchange as the leading seller. The biggest sell pressure on Bitcoin will soon be from exchanges selling their BTC fees collected into fiat. https://twitter.com/woonomic/status/1258966521071599616?s=21BUT: When the bitcoin price doubles, and trading volume stays the same, the exchange trading fees selling pressure in bitcoin halves. Second I think over time there will be pressure on trading fees collected by the exchanges, as mentioned in one of my previous posts. 0.5% and higher is insane and not sustainable in a competitive free market environment. 1) Which exchanges extract their fees in BTC? Any? They don’t, that is the whole point.
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Use maker taker If you are not the maker, you are doing it wrong You need to be a day trader to take advantage of that. And even if you generate volume, it can’t be compared to nowadays stock market close to zero trading fees. https://pro.coinbase.com/feesFee Structure 30-day volume PRICING TIER
TAKER FEE MAKER FEE Up to $10k 0.50% 0.50%
$10k - $50k 0.35% 0.35%
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Post this 2020 halvening miners will cease to be the biggest sellers of Bitcoin. It'll be the dawn of the crypto exchange as the leading seller. The biggest sell pressure on Bitcoin will soon be from exchanges selling their BTC fees collected into fiat. https://twitter.com/woonomic/status/1258966521071599616?s=21BUT: When the bitcoin price doubles, and trading volume stays the same, the exchange trading fees selling pressure in bitcoin halves. Second I think over time there will be pressure on trading fees collected by the exchanges, as mentioned in one of my previous posts. 0.5% and higher is insane and not sustainable in a competitive free market environment.
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FTFT: [...] “the reasons for using cryptocurrencies as an escape from failing fiat will disappear when if gold becomes money again [...]”
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Interesting way of looking at Bitcoin: https://twitter.com/francispouliot_/status/1258378508860088321Bitcoin era #3: - 100% uptime - major updates 0.13 -> 0.19 - crushed Chinese mining pool cartel - crushed "vc-backed" hostile takeover - segwit, coinjoin, lightning and Liquid - full node hardware/software kits - institutional $ - 100x hashrate - 15x price - 100x daily tx value
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I was thinking an indicator of how immature the bitcoin (trading) industry still is, are the fees. Maker/Taker fees north of 0.5% are common across the exchanges. Compare that to the stock market, fees are close to zero.
There is little competition yet, but the business models of the current exchanges will be terminated once the big boys get in. Can’t see that taking a long time anymore (in a free market), there simply is too much money to be made.
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yes, did not know how to conjure it from my keyboard.
It is a perfectly normal letter located right next to the L your keyboard must be missing some keys. No, on any civilized keyboard Ö is next to L. LÖL
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You know, something I realized this evening:
If (and this is an if) my company were to order me to go back into the office, because I have bitcoins I can tell them to fuck themselves. Been thinking about this and realized that people may be asked to choose between their job and their life....
I'm glad that choice is a simple one to make. And bitcoin is a part of that. Wealth gives you the freedom to make decisions, and I can't think of a more important decision one can make.
You have ‘f*ck you money’, a powerful weapon that can be used when really needed. They say it is good for your career as well because you can say No and speak your mind. People in debt are dependent and therefore predictable silent worker bees, just as companies and banks like it.
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