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bitcoins

Remember that it can go down just as fast as it went up, it's all driven by perception and perception can change.

I know that panthera has been a fan of it and never wavered from his support, I have no problem with that, but it's fortunes that drives it.
 
Just treat it like anything else that's volatile, meaning, don't put your whole life savings into it, and you're all good.
 
Technically, everyone that owns btc from yesterday, or prior, is happy. But, if you look at the max time chart, entering all the way to the right is a really hard sell.
 
byke said:
Just treat it like anything else that's volatile, meaning, don't put your whole life savings into it, and you're all good.
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I bet less than 1% on bitcoin.

It’s now more than half of my holdings.

Rebalancing seems shortsighted.
 
Everyone doing manual things has to see their own strategy through I imagine.

Last big high a couple years ago saw the price drop to a quarter of what it was. If we see a profit taking sale like that again, I'll put a little in.
 
Mabrouk said:
Bitcoin is at $4000 now :wow
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Blankpage said:
7 years ago Bitcoin was $0.06
A $10,000 investment would now be $722M.

Its fun to play with the numbers however when the general public starts paying attention its often too late.

dotcombubbleburst.jpg
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:(

Man, if I'd bought even just a bit back then....
 
Bitcoin is completely based on mathematics and cryptographic principles. At bitcoins core is sha-256 which is used for securing the network and miners use it to batch transactions making double spending impossible. The supply is also driven by mathematics. The mining process halves the reward every 4 years creating declining inflation on a diminishing issuance schedule through the next 100 years until there is no inflation. If you want me to post up some of the equations I can.
This thread has been around for almost 8 years. Education is a good thing. Put in 10 hours and you will be intrigued. Put in 100 hours and you may make a small investment. Put in 1000 hours and you will be convinced that bitcoin is the best invention since the internet.
 
Bitcoin utilizes mathematics and cryptography, but it actually represents itself and perception of it's value.

Panthera, I know that you've been a proponent of bitcoin and that it's had it's ups and downs and you've stuck with it all along, I applaud your commitment but please don't try to make it into more than it is.
 
panthera said:
Bitcoin is completely based on mathematics and cryptographic principles. At bitcoins core is sha-256 which is used for securing the network and miners use it to batch transactions making double spending impossible. The supply is also driven by mathematics. The mining process halves the reward every 4 years creating declining inflation on a diminishing issuance schedule through the next 100 years until there is no inflation. If you want me to post up some of the equations I can.
This thread has been around for almost 8 years. Education is a good thing. Put in 10 hours and you will be intrigued. Put in 100 hours and you may make a small investment. Put in 1000 hours and you will be convinced that bitcoin is the best invention since the internet.
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If you can post the math that projects 250K by end of year, I'd love to see it. Trouble is, different people use different math, based on which theories and predictions they believe. That's why different analysts come up with different predictions. Just doing a quick browse, I see analysts predicting anywhere between 110-200K by eoy.

A year ago Bitcoin "influencer" Thomas Young said we'd be at 131K by now. Nope.
 
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More good news...


President Donald Trump has signed a Executive Order titled “Strengthening American Leadership in Digital Financial Technology.” The directive lays out a bold vision for bolstering the United States’ position in the global digital asset economy—most notably embracing open blockchain networks like Bitcoin while flatly prohibiting the development of Central Bank Digital Currencies (CBDCs).

A Major Shift Toward Bitcoin​

At the core of the order is an explicit policy to support the responsible growth and use of digital assets, championing citizens’ right to access and utilize open public blockchain networks without interference. For Bitcoin enthusiasts, this represents a monumental endorsement from the highest levels of government. The Executive Order stipulates that no lawful activity on these decentralized networks should be censored, while also clarifying that individuals must be permitted to develop software, maintain self-custody of digital assets, and participate in mining or transaction validation.
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Reli said:
If you can post the math that projects 250K by end of year, I'd love to see it. Trouble is, different people use different math, based on which theories and predictions they believe. That's why different analysts come up with different predictions. Just doing a quick browse, I see analysts predicting anywhere between 110-200K by eoy.

A year ago Bitcoin "influencer" Thomas Young said we'd be at 131K by now. Nope.
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A year ago we were at 40k. Today we're at 106k. He seems pretty close in his prognostication to me, but YMMV.
 
You may want to create a thread in the PF and move your remarks there, I suspect it will be fairly active.
 
Climber said:
You may want to create a thread in the PF and move your remarks there, I suspect it will be fairly active.
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I don't believe observing on a government action and its likely impact to bitcoin to be a political discussion of the merits of such an action, so I'll leave it here for now. I agree that there could be good political debate to be had, but it doesn't interest me. Feel free to do so. ;)
 
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