This is a reasonable explanation
But what is not simple to explain is why is it happening so fast. Did USD really lose 1000% value in 15 years?
To summarize the thread, from April 2020 to November 2024, Bitcoin’s value increased by approximately 1200%. Considering this significant growth, it might be time to close this thread and initiate a new one titled “How to add some healthy exposure to my VWRL portfolio, just in case…”
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I repeat myself but can really recommend the book “the bitcoin standard”
The first chapters are basically history of money. How fiat works and some issues wih that. You will basically not hear much about bitcoin until the very end. And then it just makes sense…
The author is professor, phd from columbia, master LSE. The writing is down to earth. Sometimes a bit radical for my taste and some personal opinions one might not share, but generally content is top notch.
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btw. you can read it for free (allowed by saifedean ammous)… google it. I paid though… support.
I also bought the hard cover. Basically i only take time during holidays to read full books
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Same, a must read.
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I bought the book today and look forward to reading it.
Can someone explain to me why BTC rallied and ETH didn’t (at least not that much)?
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coz eth is a scam
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Bitcoin is truely decentralized.
All the other coins are controlled by a few people who benefit greatly in loading of their stack in peak markets. ETH is basically controlled by the foundation.
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Take the squiggly lines from both graphs and you have what really is happening
Not sure if you meant this seriously, but you (as a Swiss resident) don’t have to pay transaction fees, since you don’t have to use Bitcoin. Paying your taxes is not optional.
This is a potential problem with many financial assets, not just BTC.
Even just 1 person can manipulate prices – Recall the pump scheme Elon Musk did on TSLA stock tweeting “Tesla private at $420. Funding secured.” – Many similar cases with short sellers claiming x,y,z about a stock just to tank it temporarily (which causes further panic selling). Although something most here won’t care about if they are DCA’ing VT.
Sastoshi’s wallet could move a bunch of BTC and that would be a massive rug, and likely be the end of it because it would cause a lot of panic / loss of integrity.
(I’m pretty sure the transaction fee “rewards” are larger than the mined coins “rewards” now - EDIT – NOPE; I was wrong – as @ThriftySquirrel pointed out in post 2483:
https://charts.bitbo.io/fees-percent-of-reward/
Will there be incentive by miners to maintain the network integrity (from potential attacks) in the future? Maybe a risk would be that the transaction fees become too expensive for mass adoption… I don’t really know, but I would think this would be determined well before the last coin is mined in ~ 2140.
Also what further regulations will come into play (and it seems the USA will be very crypto friendly for at least the next 4 years)
What also remains to be proven is if it will be used widely as “cash” (fiat) or a “store of value” (gold), or will it end up being another tulip mania.
They aren’t
We were discussing that just a few commenra above and I even shared a link. The sum of transaction fees are still a fraction of the block reward, even after the halving
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That’s true
Such things can happen with any asset. However since BTC is less regulated as of now, it can have more chances.
Having said that, I don’t know if such collusion actually happens in BTC trading or not.
For example -: Saylor is saying he would be raising 40 billion to invest in Bitcoin. One can say he is doing so because he believes in it. But what if this is being done to create a shortage of supply to push the price even higher?
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Wanna some Sunday Bitcoin shill…
(a bit too US centric for my gusto, but 49m$/btc by 2045 is)
So it converts to following
BTC market cap = 1029 trillion USD by 2045
And where would all this money come from ?
I don’t know, but have some idea…
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@Abs_max Saylor is definitely saying it to create a shortage of supply but he probably also believes in it, so both can be true at the same time. At the end of the day he wants to raise 21 billion $ for his company, and tell you to get in before everyone else does.
@stojano interesting, thanks for posting it. the forks clanking at the start while people scarf down his shill was just great 
- Also I wonder why he says that bitcoin isn’t subject to tax?
Does it make any sense to own some MSTR vs just owning BTC directly? Sounds like he is leveraging. Maybe it could be useful if you wanted some exposure in a tax advantaged account or are too worried about holding too much in your own cold storage?
I’m to dumb to grasp all the Wall Street sorcery. I’ll stay with the original not your keys/not your coins. I just hope, he keeps his promise that he’ll never sell again.
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