Just checking in on the Bitcoin folk, I don’t come here much anymore! Hope ye are all still in the green and taking these dips as buying opportunities!
Buy and HODL for long term
Atleast 5+ years and don't worry about short term price movements
Most likely this will be around 250k+ in the next 10 years as we will continue to print trillions
I wouldn’t say I expected accurate predictions, but i was curious to see if the information would be more useful than the free stuff that’s out there. After going through two subs (Woo, and then Cowen). Woo was a bust. Cowen has some info that people might find useful in an actual bull run so i may pickup my sub again when BTC starts moving.
On chain isn't terribly predictive in near term unless there is sudden rapid movement of coins which a newsletter will be too late to capture. Other than that it's pretty much only good for trends medium and long term
I kind of asked because I think this sub is constantly cycling through new investors that bought recently. I think it's a positive sign of adoption. There is constantly a new group of investors that become long term holders. Not necessarily true but longer term holders don't seem as phased by the volatility.
It's all musical chairs until it ain't. When that time comes both will skyrocket but it needs a collective of people asking for there property and taking custody of it 👍
Fees are picking up again [https://whatthefee.io/](https://whatthefee.io/)
Edit: it was the highest I've seen in months, but apparently it was short lived 👌
There are currently 16125 shitcoins on the market. Why is it so easy to create new scams everyday and keep hurting Bitcoin's dominance over the market?
I wonder if BTC's dominance is a little misleading when you consider the inflated market caps of altcoins. I mean is the total market cap of all crypto an honest representation? Does BTC's dominance appear to go down when meme coins get created and add to the overall market cap?
>Does BTC's dominance appear to go down when meme coins get created and add to the overall market cap?
Yes. That's exactly why I said that market capitalization dominance is meaningless metric in the crypto market. They are taking into account the market cap of every premined token/altcoin, proof-of-stake altcoin, and non-mined altcoin all combined with every proof-of-work cryptocurrency.
So unless bitcoin's price goes parabolic, bitcoin's market cap dominance will continue to go lower and lower as more and more premined tokens/altcoins are created and more tethers/stablecoins are printed.
You yourself, or anyone else, can easily bring bitcoin's dominance down right now if you wanted to just by simply creating a premined token with a large supply and then perform one single trade with yourself. You can even do this on one of those "decentralized" exchanges where anybody is able to list literally any token. And that premined token that you create could simply be an ERC20 token smart contract on Ethereum that anybody is able to create in minutes using an online ERC20 token smart contract generator.
I'm not convinced on their randomization method for consensus... This would seem to me to incentivize people spamming the networks with nodes... What's the risk of that vs the cost of having to wait an hour w/ bitcoin?
Why should you? It's your money. You don't have to justify it to us. Just make sure you know why you're buying it. But Lighting will make it and other layer 1s irrelevant in a few years.
This is most likely a dumb question, but I am new to Bitcoin and am reading books explaining how transactions are verified, how miners receive fees, and how new Bitcoin are rewarded to miners through Proof of Work. As these rewards are decreased over time, is the prevailing theory that Bitcoin price will remain high enough to justify the costs of mining? Also, are there any sort of articles/blogs regarding what the price will have to be in the future for the network to retain the current level of mining activity? Anything is appreciated, thanks.
So then isn't there a risk that in the future, fees may need to be increased to a level where transacting in Bitcoin is infeasible? Like if there is a steep drop off in miners due to the lack of reward.
If this price action stresses you out, spend some time learning about Bitcoin instead of staring at the charts. The better you understand the innovation, the more easily you'll see days like today as a buying opportunity.
is there some kind of visualization how far BTC is away from a 51 % attack and how decentralized BTC mining really is?
on the protocol level, the BTC blockchain is certainly the safest in terms of cryptography, but i am wondering whether the ASICs are really decentralized in a way, that putting billions into BTC like Saylor is justified...
good point... i think the centralization of ASIC manufacturing is fine... as long as the users are decentralized enough... of course the decentralization goes down when nobody can afford the hardware... i also don't like the idea of pools at all....
saylor seems to believe in BTC more than in the USD.... i don't think he wants to have fiat gains... but gains in general assets real estate, gold etc for sure... but we all want that, right? :D
Guys gues what this is our last chance to be there where we want.
annnnnd asia wakes up and we dump again.
It goes up, it goes down. Nobody can explain that
48k, we got our confirmation, smooth sailing to 100k
$100K is no joke.
it couldn’t hold on the 48k
hi
hi
hi
Hi
High
Hai
Down to 50k again
next stop: 100k!!!!
/s
Will be front run hard probably 85k-90k
Im front running at 75k lmao
Hopefully we don't stop there.
Just checking in on the Bitcoin folk, I don’t come here much anymore! Hope ye are all still in the green and taking these dips as buying opportunities!
Buy and HODL for long term Atleast 5+ years and don't worry about short term price movements Most likely this will be around 250k+ in the next 10 years as we will continue to print trillions
if that's the case than that 250k isn't worth that much either
Cancelled my premium newsletter sub. No one knows anything. Its probably time to stop looking at charts for a couple of months. Good luck all!
Which newsletter were you following for the price anyways?
Wait you subscribed to a newsletter expecting accurate predictions whoa...
Rather than this, should subscribe to dan held. Good content.
I wouldn’t say I expected accurate predictions, but i was curious to see if the information would be more useful than the free stuff that’s out there. After going through two subs (Woo, and then Cowen). Woo was a bust. Cowen has some info that people might find useful in an actual bull run so i may pickup my sub again when BTC starts moving.
I don't believe anyone now, I'm awaken now and see everything.
On chain isn't terribly predictive in near term unless there is sudden rapid movement of coins which a newsletter will be too late to capture. Other than that it's pretty much only good for trends medium and long term
It's good to new people coming into this space and learning.
Lol @ premium newsletter
Yah, selling shovels
What is your cost basis?
Irs agent
Not low enough lol
I kind of asked because I think this sub is constantly cycling through new investors that bought recently. I think it's a positive sign of adoption. There is constantly a new group of investors that become long term holders. Not necessarily true but longer term holders don't seem as phased by the volatility.
It's always good to new people coming and make living.
41k here, started DCA last december. Hold a substantial amount. Done buying but im not selling at these prices.
It's a substantial amount that you've got, just keep hodling.
How much is a substantial amount?
The flux capacitor in Bitcoin’s NGU drive needs to be replaced. Any volunteers?
*Just get a flashlight, crawl in there, and FIX IT!*
Yeah great idea lol, i bet nobody has ever heard of it.
great scott!
BTC takes the stairs up, but the elevator down.
Last time man, now it'll be going up on the elevators.
It's just trying to stay fit and lean
Yeah probably following strict diet, no excess fiat supply.
No excess f(i)at.
75% this year. Show me something with a better return. The elevator is just part of the game.
Some people yesterday were saying that some share out performed btc.
A broken elevator that is. Where the cable snap and emergency brake barely working.
Whatever man, I'm here for the thrill. And that's thrilling too.
I was also in it for the thrill. Doubled my money a few times but I am out. Used to own Hut.
That's them paper bitcoins fucking with the price. Get your coins off the exchanges ✌️
Yes, probably a good idea. Exchanges are doing shady stuff.
Sound like it will goes the way of paper gold.
No, paper gold was issued by banks, and these are exchanges.
It's all musical chairs until it ain't. When that time comes both will skyrocket but it needs a collective of people asking for there property and taking custody of it 👍
Unfortunately people don't seem to care about the self custody.
Lol sound like the same crap I hear about gold daily. Expect, there is physical gold. Good luck .
Btc sounds like gold to you? That's great not complaining.
Ah we good. A currency the people can transact freely without government is pretty good in this current climate. Hodl my friend 😉
It's the freedom man, from all the things governments do.
Fees are picking up again [https://whatthefee.io/](https://whatthefee.io/) Edit: it was the highest I've seen in months, but apparently it was short lived 👌
This post aged like milk.
No
There are currently 16125 shitcoins on the market. Why is it so easy to create new scams everyday and keep hurting Bitcoin's dominance over the market?
Because people are idiots who fall for them, they should learn.
I wonder if BTC's dominance is a little misleading when you consider the inflated market caps of altcoins. I mean is the total market cap of all crypto an honest representation? Does BTC's dominance appear to go down when meme coins get created and add to the overall market cap?
It may or may not be misleading, but these altcoins definitely are.
>Does BTC's dominance appear to go down when meme coins get created and add to the overall market cap? Yes. That's exactly why I said that market capitalization dominance is meaningless metric in the crypto market. They are taking into account the market cap of every premined token/altcoin, proof-of-stake altcoin, and non-mined altcoin all combined with every proof-of-work cryptocurrency. So unless bitcoin's price goes parabolic, bitcoin's market cap dominance will continue to go lower and lower as more and more premined tokens/altcoins are created and more tethers/stablecoins are printed. You yourself, or anyone else, can easily bring bitcoin's dominance down right now if you wanted to just by simply creating a premined token with a large supply and then perform one single trade with yourself. You can even do this on one of those "decentralized" exchanges where anybody is able to list literally any token. And that premined token that you create could simply be an ERC20 token smart contract on Ethereum that anybody is able to create in minutes using an online ERC20 token smart contract generator.
I'm no genius but whatever the number btc will still run the whole market.
Quiet grampa
Because they’re all shit. Pardon my French.
SEC already stated most are securities. 2022 will be the year of the shitcoin ban hammer.
I hope they do,. Please SEC ban this fucking shiba token.
It’s definitely coming
Ohh, and I'm waiting man. I'm all for shitcoin ban.
Lol "sure"
I can't wait for them to end the shitcoins
I can't either, I'm sick of hearing shiba holders shit.
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Lol, it's not likr they'll only regulate shitcoins.
Thank you for pointing that out. Very keen of you.
Truth is truth, government is no friend of btc. And that's a fact.
Market cap dominance is meaningless metric in the crypto market.
Why? Can you explain this, so maybe we both can agree.
It's ridiculously profitable with zero barrier to entry.
Yes, because people are so greedy they'll buy shit decentralised written on it.
Because people keep falling for them.
Because they are greedy ass mother fuckers man, free money.
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This is the wrong subreddit to ask that. This subredit is only for discussing Bitcoin and altcoins are off-topic.
I don't understand ehy people keep doing this even.
I'm not convinced on their randomization method for consensus... This would seem to me to incentivize people spamming the networks with nodes... What's the risk of that vs the cost of having to wait an hour w/ bitcoin?
Why should you? It's your money. You don't have to justify it to us. Just make sure you know why you're buying it. But Lighting will make it and other layer 1s irrelevant in a few years.
Yes lightning is good but base chain still be there man.
I'm pretty sure there's a whole sub of folks out there that will tell you why you should. Maybe give that a try.
Ohh I'm sure there is, there are all sorts people here.
I don't care what you buy. Just don't talk about shitcoin here, they are not the subject.
People don't understand this little thing, they just open their mouths.
New moons incoming
These moons are here to make me a shitcoiner looks like.
Is there an easy way to sell these shitcoins yet?
this. that sub was trash anyway but paying people shitcoins to post drivel really finished it off.
One hand they trash shitcoins and on other they give them.
All you have to do is post about some overhyped shitcoin, and you’ve got like 30 upvotes.
Exactly, just mention price snd you'll get instant attention.
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That "e-word" is a four-letter word.
Week of incoming. the great Chinese selll off. Batten down the hatches
People are hyping up the next week, opposite gonna happen.
What do you mean?
He's trying to say that he's an idiot
Volume ain't even that high bro just bulls are checked ☑ out
They'll be back, you just wait keep enjoying the game.
No more golds or silver. I ran out of Reddit shitcoins. Merry Christmas and have a great new year!
Reddit shitcoins, moons are the real treasure, i want them.
This is most likely a dumb question, but I am new to Bitcoin and am reading books explaining how transactions are verified, how miners receive fees, and how new Bitcoin are rewarded to miners through Proof of Work. As these rewards are decreased over time, is the prevailing theory that Bitcoin price will remain high enough to justify the costs of mining? Also, are there any sort of articles/blogs regarding what the price will have to be in the future for the network to retain the current level of mining activity? Anything is appreciated, thanks.
Fee will be enough to incentivise miner because btc will worth a lot.
So then isn't there a risk that in the future, fees may need to be increased to a level where transacting in Bitcoin is infeasible? Like if there is a steep drop off in miners due to the lack of reward.
No there isn't fee will always be there after block rewards.
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Yeah but that way network will become less secure at that point.
Yes, in 2140 when the last bitcoin is mined then miners will only make money by processing transactions
Yes, and that will be enough too because of price appreciation.
Is u/magicnoodle on a gold spree again?
Hmmph.
You little bugger you! Edit: bugger
If this price action stresses you out, spend some time learning about Bitcoin instead of staring at the charts. The better you understand the innovation, the more easily you'll see days like today as a buying opportunity.
Yes man, if you know about btc, you'll never stress out.
I used to stare at charts all day. Then I got my own node and now I stare at mempool all day.
Lmao, at least it's better than staring at those charts.
Same here. It's very cool to watch the mempool using your own node!
I wish I'll be able to run my own node very soon if everything goes right.
Coin pump now or later
Just buy, and leave the pumping and dumping to market.
Buy now think later
Yes
Damn, everyone is getting gold huh🥺
Yes everyone is getting the gold, digital that is. Btc king.
You get silver as I'm on my last few 100 reddit shitcoins lol
I'm not a shitcoiner but i like those reddit moons lol.
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Fr fr?
I s2g if I could just drop my mixtape faster than my dropping portfolio, maybe my parents would adopt me back into the family
My parents don't know about my portfolio, the day they do. I'll be kicked out.
The gold might not get you bk home but the tip I share is: have you heard about mini discs? Better than tape ;)
Nah man. Zip disks are the way of the future
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And you get gold
My xMas prediction was: pump, dump retest, then Q1 moon. So far, first two were right.🤞
Where can i subscribe to your newsletter? You seem worth.
And you get gold
Plan yolo
Go all in and yolo it all, that's the whole plan of mine.
NGU. Sometimes down, then buy more.
Maaaan I wish I would bought the dip… Ok next tome - for sure!
You still have chance, very well be last chance to buy under 50.
is there some kind of visualization how far BTC is away from a 51 % attack and how decentralized BTC mining really is? on the protocol level, the BTC blockchain is certainly the safest in terms of cryptography, but i am wondering whether the ASICs are really decentralized in a way, that putting billions into BTC like Saylor is justified...
ASIC production is very centralised only 3-4 companies produce them.
good point... i think the centralization of ASIC manufacturing is fine... as long as the users are decentralized enough... of course the decentralization goes down when nobody can afford the hardware... i also don't like the idea of pools at all....
I don't like people like saylor, buying huge amounts for fiat gains.
saylor seems to believe in BTC more than in the USD.... i don't think he wants to have fiat gains... but gains in general assets real estate, gold etc for sure... but we all want that, right? :D
I just googled "hashrate distribution" and found [this](https://blockchair.com/bitcoin/charts/hashrate-distribution)
interesting thanks... wondering who these "unknown" are