man i wish this all time high thingie hurries up and happens, i need to sleep tonight
I was asleep when it happened, I had already done an allnighter the previous night I couldn't do 2 in a row.
The reason I didn't sleep before is that I'm rethinking my short term plans in light of this price action...
Waking up at night to take a piss
3 choppers passed
And no I’m not dreaming
I guess this is the experience you will be having soon
The mempool has started creeping up a bit over the last week. This is pretty typical after a price increase as people move coins to exchanges. Elevated levels of interest I’m sure play a role as well. The ETFs are running the show right now, otherwise I would say we’ll see some consolidation and a return to a falling mempool before another big leg up. We’ll see though. ETFs are back sucking up BTC in 6 more hours.
In case you didn't notice, tomorrow it's D-Day for Blackrock's first Shitcoin Spot ETF at the SEC.
When i watch the BTC/ETH creeping upwards slowly, i guess some speculative folks are trying to get a share of ETH from part of their BTC in anticipation of a stronger move, following whichever statement from the SEC. If the SEC decides against the ETF, which i think is quite likely, those people will lose quite some amount of their BTC stack, when Ether goes down after the (imo, good) news. Some will be waiting for a sell-the-news event in case of positive confirmation etc. you know the story.
I also think the Ethereum spot ETF won't be happening now at least this year, I support Chervinsky analysis, once ETH ETF spot is approved now another group will pop out to request for ETF for another coin and the cycle will continue. I wonder what do these guys see in Ethereum, that would make SEC accept their request, also I think that the fact that Ethereum as an infinite number of supply is a red flag in the long run. Though I might be wrong since I don't really know much about the Ethereum Blockchain
4k was exactly 4 years ago...
Time flies when you are having fun.
The last 4 years have been pretty good, relatively speaking, especially for any of us who had been in bitcoin and/or mostly established our position prior to 4 years ago.
On the other hand, anyone who might have had established their position at the top of the 2017 market and did not buy more BTC, those guys might have had suffered a bit in 2022, but if they continued to buy the whole time since 2017, they would be sitting quite pretty right now.
Even if a person from 2017 ONLY invested
$100 per week over the last 7 years, he would have had invested right around $36,600 and he would have had accumulated right around 4.4623 bitcoin (currently valued at $306k, so profits on paper currently nearly 8.5x in profits). Who's going to be complaining about those kinds of numbers for the BTC accumulator/HODLer?
Sometimes I wish If I could have been among those who knew the truth about bitcoin investment early around 2017 but I'm far from that and its quite unfortunate especially when you were holding onto some falsehood knowledge but I Thank God I can see things crystal clear now.
Though I can't accumulate more as you all but I hope in 20 years time I will be like you old folks speaking about bitcoin and I guess others will also view me as an earlier investor then
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