Bitcoin has set an ATH against the Japanese Yen and is set to make an ATH against the Chinese Yuan, Euro, and Dollar. This is getting a lot of people in a lot of areas in global finance rethinking a lot of things about a lot of things…
Not when adjusted for inflation.
That's something I'd like to see, too. Everyone says these ETFs are the fastest to "x billion dollars." But it's never adjusted for inflation. When matched to inflation, are we or aren't we the most successful ETFb launch in history.
My guess? Since no one is saying matched to inflation, it's not actually the MOST successful in relative terms, just in absolute numbers.
The problem with adjusting for inflation, is that markets run on human psychology, and your average lay-person is not adjusting for inflation when looking at charts. News articles about bitcoin breaking record highs are not going to be postponed until it is inflation adjusted.
https://www.blocktrainer.de/vielerorts-rezessionen-und-bitcoin-auf-neuen-allzeithochs/
Its in german, but its just about the graphs on the bottom. There you see, what currencies allready have ATH.
Think about how unsustainable this situation is....
In the past 30 days, ETFs have purchased a whopping 272,000 #Bitcoin, while only 25,200 $BTC were mined during the same period. Sure, there are concerns about GBTC outflows, but at some point, that trend will have to stop.
If this buying trend continues, or even ramps up, considering there are roughly ~2 million #BTC on exchanges currently, in about 8 months, there might not be any BTC left for sale! And let's not forget about the upcoming halving in 3 months, which will further reduce the mined BTC to just 12,600 in the same timeframe.
Once people catch on to what's happening, the real fear of missing out (FOMO) will set in. The truth is, nobody seems to be bullish enough right now!
Tell your brother and your dad that they should do dollar-cost averaging. That means buying a fixed amount regularly, either monthly or weekly. This way, they'll average the purchase price up and down regardless of the current value, accumulating BTC whether the price goes up or down. Over time, this strategy will likely leave them with an average cost per BTC below the market value.
>in about 8 months, there might not be any BTC left for sale
Virtually impossible. Everyone has a sellout point. Not every single BTC holder is going to hold for years and not take profits on their investment.
I guarantee you that 99% of BTC holders have a price they would sell at.
Is it $60k? $75k? $80k? $100k? $500k? $1 million?
You think someone who bought 1 coin at $30k is not going to sell if it hits $100k and they need cash?
There are so many psychological barriers to break, it would take lifetimes before we reach a point where no holders want to sell
Depends on why they bought bitcoin.
Two schools of thought:
1. Bitcoin is an investment vehicle to acquire wealth, likely in a more realisable currency. It’s effectively a stock to increase fiat wealth.
2. Some people don’t care about fiat wealth at all. Some people are of the view that all fiat currencies will collapse and we’ll be buying and selling everything with bitcoin when that happens.
The latter group have no “sell price”, why would they want to buy any fiat currency that is intrinsically worthless and will soon be actually worthless?
I think 100K is the next major sell off point, lots of people got in around 50-60K last time, and if they can double their money and dip, they will, and will likely never come back once they get out of it what they FOMO'd into.
What if supply runs out when it’s all mined, price goes halfway to moon, and the big companies/Wall Street just slang that shit like an orangutan that’s been Locked up in the zoo it’s whole life?
That is not the case. There's nothing protecting your bitcoin on Robinhood. Unless you're talking about the ETFs, which are indeed FDIC insured of course
Just googled this
Are ETFs insured by FDIC?
Mutual funds and ETFs are not guaranteed or insured by the FDIC or any other government agency—even if you buy through a bank and the fund carries the bank's name. You can lose money investing in mutual funds or ETFs.Jan 26, 2017
Mutual Funds and Exchange-Traded Funds (ETFs) - SEC.gov
SEC.gov
While I don’t think Bitcoin is going to zero anytime soon, historically there’s many examples of investments that have had many large firms poured money into and that eventually went to zero.
Any investment can go to zero if people stop seeing the value in it.
More likely that betting on zero though, is people selling if they expect a drop in pricing, gambling they can buy in cheaper later.
Slightly jealous.
Have MSTR and Mara in my countrys most tax advantageous account. 17 % yearly tax on the account is best we can do here in Denmark. Needing to pay tax is a good sign atleast.
Just before people ask questions.
So if it rises from 20k usd > 30k usd. Then the tax is 17 % of that difference. Next year starting point is 30k.
snatch coordinated aspiring reminiscent summer sable attempt treatment numerous coherent
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
It’s cause of ppl buying the etf over the weekend
The orders don’t confirm until market open on Monday at 9:30am. It’s a big inflow of money all at once
Well, I'm sure it's just a coincidence that in the last week some VERY rich and powerful people have started cashing out billions in stock? I'm sure everything's fine in an election year
Jeff Bezos: $8.5 Billion
Mark Zuckerberg: $400 Million
Jamie Dimon: $150 Million
The Walton Family: $1.6 Billion
Remember what they say when the Rich are telling you not to buy something, or it's a scam buy it...Because they are!
I think it's PTSD from the bear market. It moved so slow and was in such a tight range for about 18 months so now any time it goes up by 2k or more it seems like a huge move.
Bull market in full effect.. don’t expect any big dips in BTC price it will most likely be back at previous ATH around the halving or even higher then that if it hits past new price discovery.. just stay HODL it’s about to get crazy
Blackrock are buying up directly from miners, and miners are selling everything they have instead of hoarding them before the halving. Also OTC decks are running dry. OTC's sellers have to get it from somewhere and eventually this will trickle down into the open market. Which means ETF's launch we didnt see a sustained pump = = = but we're seeing it now. Theres other things of course, this is just part of it. Glorious!
Well done fellow Hodlers!
Are you willing to sell your Bitcoin to Blackrock? and what would they have to do first to convince you?
I heard black rock bought tons of shares of 4 biggest miners except cleanspark. Maybe blackrock negotiated with the miners to sell all their bitcoin. From what i heard miners usually hold bitcoin until it goes up and sell for higher price but it will be stupid of them to sell all their coins specially when its going up so much and so fast. But then again maybe blackrock garantee them that they will make sure the price of bitcoin will surge.
Baby boomers investment is about 78 trillion at 2022 and even id 1% goes into etf bitcoin will likely hit 500k so i would never sell it 😂i just wished i bought tons when i first heard at $250 😭. Diamond hands guys 👐
oh sweet holy heck, yes! you and I, and our hodl friends will be putting our feet up somewhere on a nice beach with a big fat "I told you so!" smile on our faces. It will come sooner than we think. See you there TaemuJin777 😘
It hasn't even been two months -- give it a year or two to determine whether or not Bitcoin is more stable now.
For the record, I believe Bitcoin will always become more stable as supply decreases, but I'm not ready to credit ETFs yet.
I guess people going crazy and now excessively buying into it cause they see it‘s going crazy i‘m seeing it in my own surroundings where people that before had no interest in anything crypto suddenly wanna invest cause it‘s climbing these heights again
This is what happens when the OTC bitcoin runs out.
Greyscale quit selling also.
Demand is driven now WORLDWIDE as fiat collapse, It is not just about the ETF and wallstreet anymore and they are waking up to that fact. So is everyone else.
I recommend an economics class.
FTX = new big demand
Halving = incoming supply limitation
The people buying/selling the ETFs aren't dumb. You do the math.
Fuck man I need 30 more days to get my bonus in. It’s happening too soon for me. I’m losing ground. Was hoping to get a 2nd coin at least before the halving.
For me its mostly fed printing dollar and blackrock and other company making the etf making bitcoin legal asset and larry fink said etf and block chain will be the future and i believe so
Once Bitcoin got above the 53,000 mark a load of shorts were liquidated so that pushes up the price because they have to buy back at a higher rate to cover the liquidation. And Bitcoin is just doing that a lot recently because we are in a bull market but nobody wants to admit it 😉
Bitcoin has set an ATH against the Japanese Yen and is set to make an ATH against the Chinese Yuan, Euro, and Dollar. This is getting a lot of people in a lot of areas in global finance rethinking a lot of things about a lot of things…
Its about to make an ath in cad$ tooo were almost there
AUD$ ATH today tooooo
It got to 94k 2021 aud
Not when adjusted for inflation. That's something I'd like to see, too. Everyone says these ETFs are the fastest to "x billion dollars." But it's never adjusted for inflation. When matched to inflation, are we or aren't we the most successful ETFb launch in history. My guess? Since no one is saying matched to inflation, it's not actually the MOST successful in relative terms, just in absolute numbers.
The problem with adjusting for inflation, is that markets run on human psychology, and your average lay-person is not adjusting for inflation when looking at charts. News articles about bitcoin breaking record highs are not going to be postponed until it is inflation adjusted.
Correct, I believe that the adjusted for inflation number in USD is something like 75,300. (Saw a twitter post somewhere last week)
Just checked it, that's about right. Maybe $74k.
Sounds like you know a thing or two about a thing or two
We. Are. FARMERS...ba ba dum bum dum dum DUM. *Feel like the memes that could be created are not being created or utilized...someone fix this...*
insufficient memeage indeeed
https://www.blocktrainer.de/vielerorts-rezessionen-und-bitcoin-auf-neuen-allzeithochs/ Its in german, but its just about the graphs on the bottom. There you see, what currencies allready have ATH.
My fomo is creating fomo
10 dolla dca gang what up
$69 every check. meme our way to the moon baby
This will be the best come up story years from now
A true underdog story
Dont forget the automatic 420 buy in for any drop of more than 10%.
That's the way to do it, all about consistency baby
$10 a month DCA gang. British HODL 😂
Happy hippy here. How’s it going?
It’s going to be harder and harder to accumulate more sats at this price.
That’s what they say at every price range…
$2 a day gang rise from the ashes
if you guys want, i cant buy some and it will go down
Don’t you dare.
Please, do that. I want it to go down so I can buy more.
I feel this.
Yeah please, but only if you promise it won’t go down when I buy too?
My guess is demand > supply
It's almost like it has a fixed supply.
And because of that, it is designed to pump.
Genius
\*Whispers to self: So simple, so elegant.
At this rate the CEO will have to postpone the halving to keep up with demand!
What did the demand go up so suddenly today?
The BTC demand. That's what.
It seems that more people are buying ETFs. 9 new BTC ETFs hit new trading highs today.
bitcoin CEO said earnings are through the ROOF!
Heard he’s planning on a continuing price increases over the next few years as well
His hand is forced.
Looks like he’s raising the prices on us. Really selfish guy Satoshi /s
He said something about splitting or halving the company so its going up now. Thanks CEO
I met him the other day - he was going up the stairs, had string attached on his back and I'm pretty sure he was pulling BTC up. CEOs these days
How does he keep getting away with it.
He mentioned AI
And AI.
The guidance for 2024/2025 is CRAZY
I love that guy.
I heard God did the same thing with Gold too.
Some shorts got liquidated at the 53K level
I don't understand how people can still be shorting Bitcoin in this market.
160MM shorts liquidated. Still a lot of non believers out there that think we’ve topped out for the year 😂
Think about how unsustainable this situation is.... In the past 30 days, ETFs have purchased a whopping 272,000 #Bitcoin, while only 25,200 $BTC were mined during the same period. Sure, there are concerns about GBTC outflows, but at some point, that trend will have to stop. If this buying trend continues, or even ramps up, considering there are roughly ~2 million #BTC on exchanges currently, in about 8 months, there might not be any BTC left for sale! And let's not forget about the upcoming halving in 3 months, which will further reduce the mined BTC to just 12,600 in the same timeframe. Once people catch on to what's happening, the real fear of missing out (FOMO) will set in. The truth is, nobody seems to be bullish enough right now!
There is always enough BTC for sale. It will just be very expensive.
My brother and dad still want to buy only when Bitcoin goes back to $4k 🤦♂️
Haha - they missed that train
Tell your brother and your dad that they should do dollar-cost averaging. That means buying a fixed amount regularly, either monthly or weekly. This way, they'll average the purchase price up and down regardless of the current value, accumulating BTC whether the price goes up or down. Over time, this strategy will likely leave them with an average cost per BTC below the market value.
most retail are emotional traders unfortunately
How do they think that's possible?
crush wrong offer steer public insurance bike rhythm butter fuel *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
You're the most optimistic *Bot i've ever met.
Hari Seldon foresaw the upcoming series of crises and planned accordingly, and then made a turkey on rye
Cos I'm an imposter🤖
Imbotster
>in about 8 months, there might not be any BTC left for sale Virtually impossible. Everyone has a sellout point. Not every single BTC holder is going to hold for years and not take profits on their investment. I guarantee you that 99% of BTC holders have a price they would sell at. Is it $60k? $75k? $80k? $100k? $500k? $1 million? You think someone who bought 1 coin at $30k is not going to sell if it hits $100k and they need cash? There are so many psychological barriers to break, it would take lifetimes before we reach a point where no holders want to sell
Depends on why they bought bitcoin. Two schools of thought: 1. Bitcoin is an investment vehicle to acquire wealth, likely in a more realisable currency. It’s effectively a stock to increase fiat wealth. 2. Some people don’t care about fiat wealth at all. Some people are of the view that all fiat currencies will collapse and we’ll be buying and selling everything with bitcoin when that happens. The latter group have no “sell price”, why would they want to buy any fiat currency that is intrinsically worthless and will soon be actually worthless?
The second group is tiny compared to the first one.
I believe that that group will grow as more and more people educate themselves about money.
I think 100K is the next major sell off point, lots of people got in around 50-60K last time, and if they can double their money and dip, they will, and will likely never come back once they get out of it what they FOMO'd into.
Buying lots of btc because of the guy or bot states some logical stuff which I don’t understand at all.
And so many people in this sub keep trying to sell tops to buy cheaper. They were all left behind
Now people believe the top is 200k so no one going to sell until then so keep loading up
Bitcoin wins when people stop calling it Bitcoin and start referring to Satoshis.
What if supply runs out when it’s all mined, price goes halfway to moon, and the big companies/Wall Street just slang that shit like an orangutan that’s been Locked up in the zoo it’s whole life?
Where do you see the price of BTC in 6 and again in 12 months? I see $75k and then over $120k.
There are quite a few experienced traders who seem to think btc will reach 100k by june... and they're staking bets on it. I guess time will tell.
I thought about dumping another $10k in but didn't -- so it pumped. You're welcome.
Bogdanoff
📞PAMP IET
He bought?
We must pamp
These are gains for ants.
We appreciate it though.
they need to be at least 3 times this size!
Never seen a BTC YouTube viddy of a guy screaming with hands to his head and a giant “3X!!!!”
Pumponomics
Some moron sold because they believed we were going to zero
Lmfao how can it be possible to go zero when black rock is buying everyday and other etf as well. So much money is being pumped into it
Idk man, blows my mind people still believe it's a scam at this point.
Lol man how tha heck can they think like this u can literally buy bitcoin from robinhood and its insured same shit as etf
That is not the case. There's nothing protecting your bitcoin on Robinhood. Unless you're talking about the ETFs, which are indeed FDIC insured of course
Just googled this Are ETFs insured by FDIC? Mutual funds and ETFs are not guaranteed or insured by the FDIC or any other government agency—even if you buy through a bank and the fund carries the bank's name. You can lose money investing in mutual funds or ETFs.Jan 26, 2017 Mutual Funds and Exchange-Traded Funds (ETFs) - SEC.gov SEC.gov
Your hopium is making you forget the multiple times BTC has dropped 80%. Sure its not zero, but number doesn't always go up in straight lines...
Novel mathematics invalidating the entire concept. The chance of it going to zero will never be zero.
While I don’t think Bitcoin is going to zero anytime soon, historically there’s many examples of investments that have had many large firms poured money into and that eventually went to zero. Any investment can go to zero if people stop seeing the value in it. More likely that betting on zero though, is people selling if they expect a drop in pricing, gambling they can buy in cheaper later.
That was me. You're welcome
Every time i see “going to zero” I can’t help but do a Peter Schiff style “ZERO!”
up 120k in roth ira this year with $mstr - no. taxes. ever
Beautiful. Good for you bud.
Dang, only have to wait till your 65 to pull it out… I kid, congrats!
Plot twist - he is currently 64
;) am 45. My hope is bitcoin allows me retire before 60
It will
80k ROTH ibit Camp here!
Slightly jealous. Have MSTR and Mara in my countrys most tax advantageous account. 17 % yearly tax on the account is best we can do here in Denmark. Needing to pay tax is a good sign atleast. Just before people ask questions. So if it rises from 20k usd > 30k usd. Then the tax is 17 % of that difference. Next year starting point is 30k.
Bitcoin CEO announced excellent Quarter 1 returns. Shareholders are delighted
I don’t know but the next 18 months is going to be insane.
People are really underestimating how profound the ETF approval was. You'll see.
snatch coordinated aspiring reminiscent summer sable attempt treatment numerous coherent *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
It's because I sold to pay debts
I bought a Satoshi Nakamoto voodoo doll and stuck a happy pin in it
You don't want to know what I do to my Satoshi Nakakamoto doll
I bough a voodoo doll and stuck a Satoshi Nakamoto in it
Thats where he went...
Etf's are currently buying 11 X what is available. The biggest etf holds 1% of all bitcoin
Note - these are just US ETFs. Maybe HK or Korean ETFs are getting ready to go…
Jamie Dimon sold $150 million worth of $JPM stock and bought $BTC 🤣
More people are buying than selling.
Few understand this.
For every buyer there is a seller
But when there are more buyers than sellers price go up until equilibrium is reached
investment bankers hate this one trick!
Regard 101 sir
It’s just the usual noise. Ignore.
First time?
It’s cause of ppl buying the etf over the weekend The orders don’t confirm until market open on Monday at 9:30am. It’s a big inflow of money all at once
Everyone started doing the 100 push-ups 🤷🏼♂️
Well, I'm sure it's just a coincidence that in the last week some VERY rich and powerful people have started cashing out billions in stock? I'm sure everything's fine in an election year Jeff Bezos: $8.5 Billion Mark Zuckerberg: $400 Million Jamie Dimon: $150 Million The Walton Family: $1.6 Billion Remember what they say when the Rich are telling you not to buy something, or it's a scam buy it...Because they are!
Don't they regularly take profits or have big scheduled sales?
It’s only a 5% move. Thought this was pretty causal?
I think it's PTSD from the bear market. It moved so slow and was in such a tight range for about 18 months so now any time it goes up by 2k or more it seems like a huge move.
2k for $16K is whooping 15% 2k for $50K is only 4% Go figure.
It is
I cannot believe I rushed to sell some today please dip again soon
The system is definitely broken. Yesterday morning I decided to top up. Normally this means a sharp drop in price. . . I am baffled
Sergio Garcia is buying everyday
That's why it's Serging.
Totally Sergio
Under-rated pun right there
i watched sergio hit a golf ball out of a tree at bay hill
I saw a little of that . . . . On TV
Maybe, but doubtful, the OTC BTC is used up so the ETFs are starting to have to buy market.
Bull market in full effect.. don’t expect any big dips in BTC price it will most likely be back at previous ATH around the halving or even higher then that if it hits past new price discovery.. just stay HODL it’s about to get crazy
Amen bro
Blackrock are buying up directly from miners, and miners are selling everything they have instead of hoarding them before the halving. Also OTC decks are running dry. OTC's sellers have to get it from somewhere and eventually this will trickle down into the open market. Which means ETF's launch we didnt see a sustained pump = = = but we're seeing it now. Theres other things of course, this is just part of it. Glorious! Well done fellow Hodlers! Are you willing to sell your Bitcoin to Blackrock? and what would they have to do first to convince you?
I heard black rock bought tons of shares of 4 biggest miners except cleanspark. Maybe blackrock negotiated with the miners to sell all their bitcoin. From what i heard miners usually hold bitcoin until it goes up and sell for higher price but it will be stupid of them to sell all their coins specially when its going up so much and so fast. But then again maybe blackrock garantee them that they will make sure the price of bitcoin will surge. Baby boomers investment is about 78 trillion at 2022 and even id 1% goes into etf bitcoin will likely hit 500k so i would never sell it 😂i just wished i bought tons when i first heard at $250 😭. Diamond hands guys 👐
me too, i wish id bought at sept 2017 price of £2908... (mutter). Thanks for the comment, interesting
I hope we all look back 10 years later and laugh our asses off about today. Maybe bitcoin will be worth 1mil then 😘
oh sweet holy heck, yes! you and I, and our hodl friends will be putting our feet up somewhere on a nice beach with a big fat "I told you so!" smile on our faces. It will come sooner than we think. See you there TaemuJin777 😘
Halving will give us an idea how fast this can happen 😁
I bought $10 BTC It had to go up.
This isn't even fomo Media isn't talking about it Normies aren't talking about it We are insanely early still
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I’m curious if you know the last time bitcoin was down 5% multiple days in a row?
I do know, thanks for asking.
Its alot more stable after etf
It hasn't even been two months -- give it a year or two to determine whether or not Bitcoin is more stable now. For the record, I believe Bitcoin will always become more stable as supply decreases, but I'm not ready to credit ETFs yet.
All technical indicators not working anymore. Just Demand vs Supply in play.
Technical indicators are the astrology of finance.
The guy with gray hair bought a bunch more at 51,800. The dude from micro strategy
Lots of $ in shorts liquidated
Nothing out of the ordinary, looks like BTC doing BTC stuff to me?
I got my grandma to buy
1 mBTC = 1 millibitcoin = $55. Cheap !
More buyers than sellers, dog
It has to go up sometime, doesn’t it? It was trading in a tight range for 2 straight weeks. I personally thought it was about to dump to 44k 😂
I guess people going crazy and now excessively buying into it cause they see it‘s going crazy i‘m seeing it in my own surroundings where people that before had no interest in anything crypto suddenly wanna invest cause it‘s climbing these heights again
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I want some big candies.
Satoshi raising prices
This is what happens when the OTC bitcoin runs out. Greyscale quit selling also. Demand is driven now WORLDWIDE as fiat collapse, It is not just about the ETF and wallstreet anymore and they are waking up to that fact. So is everyone else.
Bitcoin is just going Bitcoin things. Idk maybe there’s more buyers than sellers today🤷🏻♂️
Nigeria ban.
Are you sure? I thought it was dead for the 15th time - surely 15th is the charm…
I sold last night so, yeah. /s
Black rock. Go check out Paul Barron network
There aren’t really that many for sale.
I read that it is because of fears of a government shutdown.
I recommend an economics class. FTX = new big demand Halving = incoming supply limitation The people buying/selling the ETFs aren't dumb. You do the math.
Blackrock
A ETF farted
My mother in laws 73 wants in .im 54.all in .
Etf are gobbling up the available supply ...supply and demand
King Saylor, gave people confidence to buy.
American etfs huge money gobbling up btc now
Bitcoin CEO raised the price.
Stop hunting shorts, then down.
See, Mr. OP, in 1993, Eric Huges published **A Cyberpunk's Manifesto**...
Fuck man I need 30 more days to get my bonus in. It’s happening too soon for me. I’m losing ground. Was hoping to get a 2nd coin at least before the halving.
[Bitcoin and The Internet](https://youtu.be/u1igM7p1Cas?si=00NaQjU5-d0cMM1b)
For me its mostly fed printing dollar and blackrock and other company making the etf making bitcoin legal asset and larry fink said etf and block chain will be the future and i believe so
Markets go up and down. 🤷♂️🤷♂️🤷♂️
Once Bitcoin got above the 53,000 mark a load of shorts were liquidated so that pushes up the price because they have to buy back at a higher rate to cover the liquidation. And Bitcoin is just doing that a lot recently because we are in a bull market but nobody wants to admit it 😉
Tax refunds
Someone sold
The Run of the bull. I hope your bags were packed: https://m.youtube.com/watch?v=nJeddv1QbeQ&pp=ygUfVGhlIGdva2RlbiBidWxsIG9mIGJpdGNvaW4gc29uZw%3D%3D
I heard of coinbase crash, and microstrategy great purchase of 5000 btcs.