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Jamie Dimon doesn't know π©
Bitcoin is a distributed system.
Even if Satoshi resurfaced, he wouldn't be able to unilaterally change Bitcoin.
Such is the power of decentralization π₯
And this guy runs the world's biggest bank π€¦ββοΈ
π€‘π
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DuckDuckGo starts going political, thatβs when it starts going downhill.
Who gets to be the judge of what βmisinformationβ constitutes?
Iβm a huge fan, but must say Iβm really put off by political interventions aka thought control.
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Think of your greatest regret.
Now multiply it by 10x.
That's what the operator of that website must be feeling now π
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> Fed cuts rates
> Bonds become less attractive
> Investors move to variable income assets
> Bitcoin pumps
Plus, October is bullish for Bitcoin π
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Buying Bitcoin for the past 2 years weekly would've returned 146% π
The Dow Jones index would've returned 14% over the same period.
Bitcoin is the fastest horse π
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The summary:
It's about playing the long game π
Enjoy the short-term dips as opportunities to buy.
Think of it this way:
Buy your Bitcoin with the mindset of holding it for 3 years.
This will make you serious money π°
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Good thing Bill Gates didn't have a means to short Bitcoin π
He would've lost a lot of money.
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All this demand could easily take Bitcoin to $1 million.
It doesn't take a lot of capital to raise Bitcoin's price.
The price at any given exchange is simply the amount of the latest trade.
This is the multiplier effect.
Bitcoin's price can rise fast π
Ride the rocket π
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You never go all in on crypto.
That would be crazy.
Because you have to stay solvent, and you have to stay sane.
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Hash rate approaching 700 EH/s π
Why is this important?
Because the more hash rate, the more secure Bitcoin is.
And a more secure currency, is worth more.
More secure is pricier π°
Bullish π
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Bitcoin has ups and downs.
A crash would be an awesome opportunity to buy low for future profits.
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Half a Bitcoin may not look impressive.
But it is.
When Bitcoin reaches $1 million.
You have a home in your pocket.
Huge win π¦Ύ
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I can't think of one person who does more good to the world than Elon Musk.
And yet, losers and mouthpieces for the left will disparage him.
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Short-sighted in that it's just fiat.
They missed the chance to embrace Bitcoin for international payments.
And start accumulating the best store of value.
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Ethereum is a sh*t coin π©
It's an obvious security.
Ethereum had an ICO and a rollback π€‘.
It has a clear command center.
It'd be crazy to not call Ethereum a security.
The SEC is right on this one.
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The real breakthrough would be if mainland Chinese investors could access those ETFs π°π
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Microsoft missing the boat on Bitcoin.
They need Bitcoin, not the other way around.
Their loss.
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This man is a winner π¦Ύ
Half a Bitcoin may not look like much.
But when Bitcoin hits $1 million,
He has a home in his pocket.
Bitcoin is victory βοΈ
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Congrats to this dude βοΈ
It may not look like much to some, but in a few years when Bitcoin hits $1M,
He'll have a home in his pocket.
Huge win π₯
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The post office doesn't like email.
Taxi drivers don't like uber.
Banksters don't like Bitcoin.
I wonder why π
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Which helps explain why Bitcoin is going sideways.
GBTC still has 600,00 Bitcoin.
It lost 25,000 Bitcoin in about a week.
At this rate, it would take 6 months to exhaust GBTC.
Till then, enjoy the discounts and stack more πβοΈ
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That's just another piece of BS.
DEI was created precisely because of leftist ideology.
But the American people decided differently.
Those employees will soon be fired, regardless of what the activist judge wants.
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What you do is far more important than how you do it.
When in doubt, zoom out. Consider whether what you're about to do moves the needleπ₯.
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I'd sell that 1 sat for the 33 BTC right away π°
Because the "rare" sat will eventually collapse to what it is: 1 sat
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This is the 4th halving.
There will be 32 halvings.
One every 4 years.
This is how early we are.
Bitcoin π
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When the WEF says good things about Bitcoin.
You know they had no choice,
and Bitcoin will skyrocket π
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This anti money laundering thing has gone so far that I'm almost thinking
F*ck this. Stop all cracking down on money laundering.
Because the price for the rest of us is too high.
And the potential for abuse is too high πΎ
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Eric Trump getting on board with Bitcoin.
The more support it gets from big names, the better for its future π
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We may be turning the ship π’
But the ship is gigantic and its inertia is enormous.
It takes years to see clear results.
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The cost of production of 1 Bitcoin post the 2024 halving is around $45,000.
It is costly to make Bitcoin.
And it has to be that way.
This is the cost of the mechanism called proof-of-work.
Proof-of-work is how the Bitcoin network, a distributed network of peers with no central authority, comes to a consensus about the state of the blockchain:
** that is which addresses own what amount of Bitcoin at any given time **
Proof-of-work is essential because it is the link between the digital world and the physical world.
Proof-of-work is what makes digital scarcity possible.
In that regard, Bitcoin is digital but it is not virtual.
Bitcoin is one of a kind.
Ride the rocket π
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Dave is wide off the mark, but not 100% wrong.
Altcoins have such a kill switch, e.g. ether, tether, USDC, litecoin. π©πͺs really.
The irony is, Dave was describing every coin except #Bitcoin π€£
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This is the fate of every fiat currency.
Some are faster, some slower.
But it's only a matter of waiting long enough.
You need Bitcoin π°
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Astronomy feels like a transcendental experience to me. It's humbling, keeps me calm and centered.
It's so fantastic it seems unreal. Yet it's all true.
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"Gold" is actually a little bearish π
The price target for Bitcoin is $2 million π°
I did the math.
This will be reached in a few years.
Bitcoin is the best investment π
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Then Bitcoin would've created its own positive feedback loop π
By destroying gold as a store of value.
And therefore grabbing a bigger piece of the store of value market.
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Imagine what happens to the price of Bitcoin in 20 days π
After the halving.
When the daily Bitcoin production is cut in half from approx. 900 to 450.
demand > supply
Price skyrockets π
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One thing Bukele absolutely can't do is confiscate #Bitcoin, if in self-custody.
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Bitcoin speaks for itself.
No need to make it mandatory.
Just make it legal tender.
ES is on the right path.
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Bitcoin is an exception.
Most things human are fuck*d up.
Bitcoin isn't.
Because it's a global, decentralized, distributed system that no human, country, or company controls.
It's the only incorruptible store of value in existence.
Can't corrupt something that is spread out in computers all over the world.
Which is why we Bitcoin.
Ride the rocket π
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Half a Bitcoin may not look impressive.
But when Bitcoin reaches $1 million.
This chad has a home in his pocket.
Winner π¦Ύ
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Bitcoin is the biggest scam that's going to $2 million in a few years π°π
That means you can retire comfortably with 1 Bitcoin.
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This legend is set for life π°
Just by believing in Bitcoin and acting on his belief.
He rode the rocket for 13 years.
Winner ππ
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Is it healthy to have 100% of your portfolio in Bitcoin?
My take is: it's not.
Start small and grow your Bitcoin allocation as your understanding and confidence grows.
Bitcoin is the best asset but it's still a volatile asset ππ
You don't want to invest too fast, have a big dip and realize that you're now financially immobile.
Those cycles can take a few years.
Remember: time in the market is your friend.
It's very hard to lose if you stay 4 to 5 years.
Bitcoin is the asymmetrical bet of a lifetime.
There's nothing with a better risk/reward profile.
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This is GBTC's adjustment from trust to spot ETF.
It'll happen for a long time because they have just under 600,000 BTC.
Not every GBTC client will convert, of course.
We'll see how long this goes.
In the meantime, Bitcoin goes sideways.
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@SenWarren explain where your $60+ million net worth came from.
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That is an enormous opportunity for Bitcoin π
With the Hong Kong spot ETF.
The ETFs give Chinese investors legal access to Bitcoin.
Filling the market gap to buy non-chinese assets.
Bitcoin prices set to skyrocket π
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Your hardware wallet does not hold your Bitcoin.
That's right.
Your Bitcoin lives in the blockchain βοΈ
The blockchain is a distributed ledger and that's where Bitcoins are.
What does a hardware wallet store, then?
A hardware wallet stores your private key.
That's the cryptographic key necessary to sign transactions and therefore move your Bitcoin.
Anyone with access to your private key, can have your Bitcoin.
Which is why it's so important to protect it.
Ride the rocket π
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Fantastic βοΈ
That's honesty right there.
A huge trust builder π€©
Kudos to @AntPoolofficial π
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Annual inflation in Argentina is 140%.
As opposed to something like 12% for the US dollar.
This Yanis guy doesn't know π©
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Bitcoin has the fundamentals set for a massive bull run π
Banks are now paying attention to Bitcoin.
The spot ETFs are the vehicle they needed.
Soon it'll be crazy to not have 5% in Bitcoin.
Enjoy the ride to the moon π
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Wondering if they're printing money to buy Bitcoin π°
Thus making their own currency worthless.
If that's indeed a nation state.
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The world needs Bitcoin.
Stable coins are good media of exchange for now, but they're also government captured.
And they're a terrible store of value, because backed by another melting ice cube, aka the US dollar.
Bitcoin is the real deal πͺ
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Common question: "What is Bitcoin ?"
One the simplest explanations I came up with:
Bitcoin is decentralized, digital money.
Like other forms of digital money, e.g. your bank account, credit card, etc, it's just numbers on a ledger.
Your balance on a ledger, like an Excel spreadsheet. But there are copies of the ledger on literally tens of thousands of computers, all over the world.
These are the big-picture properties of Bitcoin, and also what makes it different from fiat money, aka dollar, euro, yen, etc.
1β£ Bitcoin is deflationary. Your purchase power grows on the long run.
2β£ Bitcoin is permissionless. No need for banks. Anyone in the world can use it.
3β£ Bitcoin can't be seized, blocked or frozen. No one can prevent you from sending or receiving Bitcoin, whenever you want, however much you want, anywhere in the world.
That's it. Bird's eye view.
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They will soon be saying "yes" when FOMO sets is π
And then get Bitcoin at the price they deserve.
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Products and services get cheaper as productivity rises.
That's what would happen if fiat currencies weren't constantly debased.
That's what happens with Bitcoin π
Really well said, owning Bitcoin is like owning a stake in mankind's ingenuity βοΈ
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I bought my first Bitcoin to pay for a cold wallet.
There was a 10% discount for paying with Bitcoin, so I did it.
The transaction took 12 hours to clear, so it was a bit tense π
But all worked out at the end, and here I am, talking about Bitcoin.
Once you make your first transaction, you're off to the races !
Just make sure it's a small amount.
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Rumor has it that Satoshi disappeared because of Bitcoin's lead dev Gavin Andresen's meeting with the CIA.
That would be a sound reason.
Satoshi may have been spooked πΎ
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Let's see π€
A banker badmouthing an asset that removes power from the banks.
Is it any wonder π€£?
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What's the best Bitcoin buying strategy, lump sum or DCA?
Lump sum is my favoriteπ°
Because, in general, the earlier your fiat goes into Bitcoin, the better.
And for this specific point in time, when we're likely at the beginning of a bull run, lump sum works best.
What I usually do is, I wait for a good dip, something like 5-10%, and smash buy.
This also carries risk, because in waiting for a dip I may miss a quick runup.
However, if you can't lump sum, then DCA. It's also a great strategy.
Because the fundamental winning move is: time in the market. At least 4 years, and you're virtually guaranteed to win.
The two fundamental points are:
1. Go in as early as possible.
2. Hold long term.
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I'll tell you where the 2% comes from.
It's the annual amount of money printing central banks think they can get away with.
Low enough so people won't notice or care.
It's just a guess, pulled out of their a55es.
Circus world πͺπ
We're the clowns π€‘π€‘π€‘
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This anti money laundering thing has gone so far that I'm almost thinking
F*ck this. Stop all cracking down on money laundering.
Because the price for the rest of us is too high.
And the potential for abuse is too high.
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The Nobel foundation should start paying out the winners in Bitcoin π°
To enlarge the bounty,
And to set the example βοΈ
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