Future of Bitcoin

You know being able to tell when the market “turns bearish” is a very valuable skill, and most people can’t do it. It’s easy to look at a historical chart to know. But no automatic method of stop loss beats holding the asset through thick and thin.

very true. it’s just a feeling… and it feels very bullish at moment. I have some kind of a stop loss on most of the coins, but very wide. We’ll see.

it’s hard to define inflation for something you can hardly spend to buy things with.
If we assume interest rates are a proxy for inflation the fact that someone is giving out 6% on crypto “savings accounts” doesn’t looks good, but the counterparty risk play a big role on that probably.

There’s also the point of limited supply of BTC, but I start to think that this is being bypassed simply by creating new cryptos every other day…the whole crypto market as a whole seems to be on a money-printing spree right now.

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That’s more than 6000 coins purchased in two days :exploding_head:

And as the guy is commenting, that’s only Canada, let’s see how it goes when we have the first US etf with Blackrock.

What’s interesting is that it trades at a premium, so people don’t value holding coins directly, I wonder what this says about the technology :slight_smile:

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How do you know? Is there any good data for it?

Nothing :man_shrugging:

People prefers convenience and are ready to pay a premium for it, nothing new about that. Same rational with all ETFs.

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You don’t pay a premium for ETFs. Imagine what rebalance costs would occure if you manually follow an index.

So why a gold etf?

Etf means nothing about the btc technology.

One can’t compare BTC with XRP. 2 totally different beasts.

The main difference is that absolutely zero BTC has been premined before genesis block. Niet, nada!
Bitcoin’s launch has even been announced months before the actual d-day which means that anybody had the chance to start mining it from the get go. So they can’t attack Bitcoin for the same reasons as XRP.

If BTC gets banned, it would be purely for some political reasons. But IMHO, it’s already too late.

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What about the 1 Million BTC that are believed to belong to Satoshi in different wallets?

It’s not premined though, just mined at a time when it was easy.

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This.

We can of course theorise on the reasons behind or the potential danger of these wallets. Still not premined though.

But I can find one great utility of these 1 million dormant BTC for the whole ecosystem: Proving that Craig Wright is not Satoshi Nakamoto! :smile:

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This dude is radical. He brings lawsuits to people who claim that he isn’t Satoshi. But you’re right… just show us how you make one transaction on these early accounts and it’s enough proof…

I would never accept my salary to be defined and paid with something so volatile.

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That’s a great news, it will be bring more transparency to USDT (and stablecoins in general), and shows that tether was not used to manipulate BTC, contrary to some speculations.

Bitcoin crashed… to levels of last week

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Right before I get my salary in these coming days :sleepy: I guess I will not have time to buy the dip…