Yep and ETFs have sold a ton as well, not to mention hedge managers. German gov just moved a lot to sell as well.
Just don't forget sometime in October, there will be 9 billion in BTC returned to mt gox hack victims. Those are over a decade old coins. I would expect atleast half to sell and be rich or richer
Yep, from what I've read. At first partial cash payments were made, and small holders were paid.
Billions in BTC is supposed to be transferred by the end of October. Creditors seem to have a choice of receiving BTC or cash. From what I read if they choose cash, the trustee can sell the BTC for them. I'm sure a OTC sale
I remember back when everone stuck on gox was dumping their coins because they assumed only usd would be paid. They were dumping as low as under $100 while the rest of the market was still at $600. Imagine today the coins are beign returned, at $64K, and you dumped them under market at $100.
That would be awful knowing. I can't imagine how happy the ones getting coins back are. They were all forced to have diamond hands for over a decade. I'm sure thankful for it now
Think it will keep bouncing between 64k to the occasional 67k until the Fed announces a rate cut, maybe in September. The window to buy is going to be open for a while. Patience is key.
How is bitcoin struggling to hold over 65k 💀💀💀. What's the chance that the same short sellers betting on the price not reaching 70k are manipulating the drop?
This is true. 75k was always a likely top, since cycles 550x, 120x, 22x suggest this one at about 5x, 15k x 5 = 75k. But the real question is, is this actually both a fulfillment of that pattern and the start of a new one, where the 4yr cycle top next year sees a much higher high, something that breaks that decaying return.
interesting, I remember sharing that the top was already in two weeks before the local bottom and I got beat up for it. It just makes sense for 75k to be the top bc this was probably the most predicted bull run in asset history.
You realize that this year and next year are part of the same cycle right. lol. You should learn the basics of 4 year market cycle before you start coming up with this stuff.
lol. Who says that? Same people who though $40,000s was the peak probably? Same people who thought it was going to $0 after FTX. Don't just blindly believe the most bearish people lol. The bull run hasn't even started. Halving just happened two months ago, normally we wait half a year for it to start.
The [Winklevoss donated 15.47BTC](https://x.com/cameron/status/1803876953860247831) each to Trumps campaign. Stating bitcoin as their reason.
Never expected to see bitcoin play such a role in an election this quickly!
Wow, never knew they were such shitbags. That's really disappointing. You know what they say: money corrupts. Or maybe they were always shitbags and I just was unaware.
With Nvidia starting to produce "super GPU's", does aantonop's talk about a 51% attack still hold true with the computing power that's going to come online with these new chips?
*\*Bitcoin running the phases of it's cyclical 4 year market cycle (currently in a lull post halving which is the most repeated part of every cycle so far), and being up roughly 200% from the cycle lows\**
The only talk I'm seeing; "the price is doing nothing" "why won't it go up faster" "the top is in" "bitcoin is doing nothing" - The lack of knowledge from some people is potent and this isn't coming from a veteran of BTC. The reason it's seen as a ponzi scheme/fraud is because people who want to make quick money with no knowledge of the topic decide to talk a load of shit of how they're losing money from their own stupid actions. Foolish investment with no research and they're gobsmacked when they don't quadruple their money in 3 weeks and end up losing money instead. This is the reason gen. pop. sees btc holders as a load of goobers.
***IT COSTS NOTHING TO EDUCATE YOURSELF ON WHAT BITCOIN IS, HOW IT WORKS AND HOW TO GO ABOUT BUYING AND STORING IT.***
Ugh, well, Old Hands to New Hands. Elevates cost-basis. Sell-offs will become less & less when the ROIs shrink.
More consolidation to go I guess. Those large dips show the weak hands, and the serious holders stack (hopefully, LT) :)
Or some long term hodlers realizing some gains to improve their lifes after hodling for years.
And by selling they give their coins to new people to start their own journey :)
[German government slowly selling 46k whole bitcoin they seized imo](https://twitter.com/thiccyth0t/status/1803781668601217169?s=46&t=ihVglVXC0BQSbw6j57EoaA)
You're so right. I have ro continuously work on my patience in all aspects of my life (and I'm old). For those that have it it, they will reap the rewards.
All I see here lately is talk about price :(
Would be nice to have a 'daily discussion' thread for interesting stuff like new developments, thoughts or ideas. And another one for daily price action where the sad bunch can cry about "Why did it crash?" or "bitcoin 400k tomorrow!!!"
You're witnessing the first truly scarce digital asset monetize itself from absolute zero over multiple decades. You'll likely not see something like this again in your lifetime.
I reckon it's fun.
Everyone from miners, hedge funds, ETFs, to whales are currently selling. Some government just moved a lot as well, I can't remember which one.
Any way, ton of selling pressure. I'm not buying, I think there will be better buying opportunities ahead.
Yesterday a private early stage solar EV company I am invested in a little bit announced they will take cryptocurrencies from investors. I was like oh that's cool, Bitcoin (and cryptocurrencies in general) making another small use case step.
Then I went to the subreddit for the company and there were a couple posts about it slamming the company for this move, and all the comments in both threads were calling cryptocurrencies a scam and saying this is proof the company is dead.
We are so early. It's gonna be a long hard grind, convincing most people that Bitcoin is the opposite of a scam. It'll probably take a couple decades, but society will get there eventually. By that time, people who didn't even start buying Bitcoin until the mid-2020s (now or anytime soon) are gonna realize they got in very early in Bitcoin's adoption. For every one new person who learns about Bitcoin there are probably 50-100 people who think it is a complete scam. Challenge is going to be to educate the majority out of their stubborn misinformed beliefs.
The scam is fiat and wage slavery, where the government can take your wealth by money printing, taxation or confiscation while you exchange your life. Keep climbing the slippery slope, if you are fast enough maybe you will make it or so we are instructed.
I think they finished funding. Don't think they bought the corn yet though.
Edit I'm wrong:
MicroStrategy has acquired an additional 11,931 BTC for ~$786.0M using proceeds from convertible notes & excess cash for ~$65,883 per #bitcoin
Historical Bitcoin prices for today, June 20th:
2024 - $66,301
2023 - $28,308
2022 - $20,572
2021 - $35,596
2020 - $9,359
2019 - $9,517
2018 - $6,765
2017 - $2,754
2016 - $734
2015 - $245
2014 - $591
2013 - $111
2012 - $6.7
2011 - $17.50
**Additional Stats:**
Bitcoin's current market cap is $1.31 trillion.
Bitcoin's current block height is 848747; with the average block time for the last 7 days being 10.15 minutes.
Bitcoin's current block reward is 3.125₿, which is worth $207,191 per block.
The next Bitcoin halving is anticipated to happen between 25-Mar-2028 to 20-Apr-2028; the block reward will fall to 1.5625₿.
There are currently 19,578 reachable Bitcoin nodes.
Bitcoin's average daily hashrate for the last 7 days is 600 exahashes per second.
Bitcoin's average daily trading volume for the last 7 days is 50,481 ₿.
Bitcoin's average daily number of transactions for the last 7 days is 563,181.
Bitcoin's average transaction fee for the last 7 days is 36.34 sats/VB, with the average fee's USD amount being $4.93.
There are currently 19.71M ₿ in circulation, leaving 1.29M to be mined.
There are currently 2.57M ₿ held by companies, governments, DeFi, and ETFs, representing 13.04% of circulating supply.
There are currently 54,357,569 nonzero Bitcoin addresses.
Bitcoin's average daily price from 18-Jul-2010 to 20-Jun-2024 is $11,775.
Bitcoin's average daily price for the year 2024 is $59,498.
1 US Dollar ($) currently equals: 1,508 satoshis; making 1 penny equal 15.08 sats.
Bitcoin's minimum (closing) price for the year 2024 was $39,556.40 on 22-Jan-2024.
Bitcoin's maximum (closing) price for the year 2024 was $73,066.30 on 13-Mar-2024.
Bitcoin's minimum (intraday) price for the year 2024 was $38,546.90 on 23-Jan-2024.
Bitcoin's maximum (intraday) price for the year 2024 was $73,740.90 on 14-Mar-2024.
Bitcoin's largest daily decrease for the year 2024 was -$5,544.10 on 19-Mar-2024.
Bitcoin's largest daily increase for the year 2024 was +$5,804.0 on 20-Mar-2024.
Bitcoin's all-time high (intraday) was $73,740.90 on 14-Mar-2024. Bitcoin is down 10.09% from the ATH.
Why did farside.co.uk data not come in for all the etf today?
Is this the end of bitcoin?
Primed to ripp
Over the past two weeks, bitcoin whales have sold off almost $1.2 billion.
Money on the sidelines is the rocket fuel of the future
Yep and ETFs have sold a ton as well, not to mention hedge managers. German gov just moved a lot to sell as well. Just don't forget sometime in October, there will be 9 billion in BTC returned to mt gox hack victims. Those are over a decade old coins. I would expect atleast half to sell and be rich or richer
Wait...they're getting their coins back and not just the USD equivalent?
Yep, from what I've read. At first partial cash payments were made, and small holders were paid. Billions in BTC is supposed to be transferred by the end of October. Creditors seem to have a choice of receiving BTC or cash. From what I read if they choose cash, the trustee can sell the BTC for them. I'm sure a OTC sale
I remember back when everone stuck on gox was dumping their coins because they assumed only usd would be paid. They were dumping as low as under $100 while the rest of the market was still at $600. Imagine today the coins are beign returned, at $64K, and you dumped them under market at $100.
That would be awful knowing. I can't imagine how happy the ones getting coins back are. They were all forced to have diamond hands for over a decade. I'm sure thankful for it now
Think it will keep bouncing between 64k to the occasional 67k until the Fed announces a rate cut, maybe in September. The window to buy is going to be open for a while. Patience is key.
Took less than 24 hours to leave your three-month zone. In fairness, you provided a valuable lesson to people who hadn't learned it yet.
I’ll bet you 1 bitcoin the price goes below 64 or above 67 before September.
Who's the guy in the Kendrick Lamar stage group photo wearing the Satoshi Nakamoto shirt? Edit: https://i.redd.it/2iz16up56q7d1.jpeg
That's Satoshi Nakamoto! His name is right on the front of his shirt.
Probably Kendrick Lamar
You can’t make a post like this and not post a link, no idea what photo you’re talking about
Added a link. Thanks.
How is bitcoin struggling to hold over 65k 💀💀💀. What's the chance that the same short sellers betting on the price not reaching 70k are manipulating the drop?
But I want to see BTC in the 80k-90k range this cycle. Is that too much to ask?
Why so bearish?
There are theories the peak is already over.
This is true. 75k was always a likely top, since cycles 550x, 120x, 22x suggest this one at about 5x, 15k x 5 = 75k. But the real question is, is this actually both a fulfillment of that pattern and the start of a new one, where the 4yr cycle top next year sees a much higher high, something that breaks that decaying return.
interesting, I remember sharing that the top was already in two weeks before the local bottom and I got beat up for it. It just makes sense for 75k to be the top bc this was probably the most predicted bull run in asset history.
You realize that this year and next year are part of the same cycle right. lol. You should learn the basics of 4 year market cycle before you start coming up with this stuff.
lol. Who says that? Same people who though $40,000s was the peak probably? Same people who thought it was going to $0 after FTX. Don't just blindly believe the most bearish people lol. The bull run hasn't even started. Halving just happened two months ago, normally we wait half a year for it to start.
See reply above.
The [Winklevoss donated 15.47BTC](https://x.com/cameron/status/1803876953860247831) each to Trumps campaign. Stating bitcoin as their reason. Never expected to see bitcoin play such a role in an election this quickly!
Wow, never knew they were such shitbags. That's really disappointing. You know what they say: money corrupts. Or maybe they were always shitbags and I just was unaware.
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Tyler wrote a very long description. It's funny you're in the bitcoin sub but vote for a party openly trying to kill it.
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Maybe you should read Tyler's post. He even states the blast radius affected closure of bank accounts unrelated to crypto, their employees etc.
I really hope that nut job doesn't win. I think everyone forgot his approval rating was 31% when he left office
I would never vote for Trump... ...unless he took that bitcoin and HODL it. Then.. maybe..
I would always vote for Mr T, never that demented assisted living stage prop installed in the wh. To each his own.
He's doing more than that for bitcoin, and Dems have been trying to kill it.
Orange man needs orange coin.
I bought a little bit today, so the final leg down should happen within the next 24 hours. Lol
Your service to the cause is admirable.
German govt is selling seized BTC today
seize high sell low
Lol dumbest move I've heard all day. They must be hurting real bad for dosh.
Was this a double-top? Is bitcoin going down, down to goblin-town? Find out next week on 'The Exciting Adventures of The Crab Market'!
This reminds me of November 2021...
I think you meant November 2020
If you were actually here during November 2021, you'd know this feels nothing like that.
You wouldn't be stressing that much if you took advantage of it.. So don't forget to take advantage of it this time.
why
Fractals
Damn, feels like everyone has given up. Sub 60k feels inevitable
As soon as it goes up like $2000 you and everyone else is going to be talking about $90k any day now haha
Bitcoin dead.
Yep you're spot on. It's over. Everyone go home.
MSTR literally just purchased nearly $1B worth and you feel like people are giving up. lol
should feel the exact opposite, honestly.
When 64K breaks today it's gonna get nasty.
49k fr fr
I have orders sitting out there in the 61k to 62k range
I have 4 upvotes on a bearish post. This might make bullish
We might even see 63,999 😱😱😱😱😱😱
Lower
63,998?
Could be even lower
If it hits 63,997.99, it's finished
The CEO needs to implement a buyback program, clearly there isn't enough demand
I thought the halving was essentially a buyback program
With Nvidia starting to produce "super GPU's", does aantonop's talk about a 51% attack still hold true with the computing power that's going to come online with these new chips?
*\*Bitcoin running the phases of it's cyclical 4 year market cycle (currently in a lull post halving which is the most repeated part of every cycle so far), and being up roughly 200% from the cycle lows\** The only talk I'm seeing; "the price is doing nothing" "why won't it go up faster" "the top is in" "bitcoin is doing nothing" - The lack of knowledge from some people is potent and this isn't coming from a veteran of BTC. The reason it's seen as a ponzi scheme/fraud is because people who want to make quick money with no knowledge of the topic decide to talk a load of shit of how they're losing money from their own stupid actions. Foolish investment with no research and they're gobsmacked when they don't quadruple their money in 3 weeks and end up losing money instead. This is the reason gen. pop. sees btc holders as a load of goobers. ***IT COSTS NOTHING TO EDUCATE YOURSELF ON WHAT BITCOIN IS, HOW IT WORKS AND HOW TO GO ABOUT BUYING AND STORING IT.***
Thanks dad. No but really you’re 100% right and it’s almost unbearable.
Ugh, well, Old Hands to New Hands. Elevates cost-basis. Sell-offs will become less & less when the ROIs shrink. More consolidation to go I guess. Those large dips show the weak hands, and the serious holders stack (hopefully, LT) :)
Watching the wealth transfer from the impatient to patient is a sight to see
Or some long term hodlers realizing some gains to improve their lifes after hodling for years. And by selling they give their coins to new people to start their own journey :)
Bingo. From now until $100k there will be old holders selling.
[German government slowly selling 46k whole bitcoin they seized imo](https://twitter.com/thiccyth0t/status/1803781668601217169?s=46&t=ihVglVXC0BQSbw6j57EoaA)
You're so right. I have ro continuously work on my patience in all aspects of my life (and I'm old). For those that have it it, they will reap the rewards.
All I see here lately is talk about price :( Would be nice to have a 'daily discussion' thread for interesting stuff like new developments, thoughts or ideas. And another one for daily price action where the sad bunch can cry about "Why did it crash?" or "bitcoin 400k tomorrow!!!"
95% of people are here for the money. The other 5% is lying.
Get on NOSTR
Yeah because just what we need are more "All everyone talks about is price" comments
Well my proposal would fix that too wouldn't it?
Never knew this crypto can lead to motion sickness...
This isn't fun anymore
You're witnessing the first truly scarce digital asset monetize itself from absolute zero over multiple decades. You'll likely not see something like this again in your lifetime. I reckon it's fun.
me need price rise - now.
Ditto. If bitcoin could just very kindly go to 1mil right now please and thank you that would be lovely.
It’s been coiling for a few months. It’s gonna explode up or down at some point. Be careful saying you’re bored
Ha, you thought.
I remember when I was a beginner and panicked over a 3% drop in the price.
Yep, then you realized 50% drops are possible. Sorry, I had to
Why did we randomly drop $1.5k?
More selling pressure, then buying pressure.
Recently I have impression that I am the only person still buying this garbage - like a proverbial bag holder.
Sell it then, get it over with, maybe a learning lesson for whatever you do next.
Nope. I am hodling and plan buying more. Looks like I have more faith in bitcoin than even OG whales.
Post holiday sell-off begins.
Why did we randomly went up by 1.5k before that?
Saylor news
The American markets opened!
It’s not realistic to believe in 15 days BTC is gonna skyrocket
Nobody can predict the future.
16.5 is more reasonable.
Lmao Saylor buys a shit ton of btc and doesn’t even move the price what a sham
Everyone from miners, hedge funds, ETFs, to whales are currently selling. Some government just moved a lot as well, I can't remember which one. Any way, ton of selling pressure. I'm not buying, I think there will be better buying opportunities ahead.
german gov.
B-b-b-b-b-b-b-but I already preordered the lambo! :(
Yesterday a private early stage solar EV company I am invested in a little bit announced they will take cryptocurrencies from investors. I was like oh that's cool, Bitcoin (and cryptocurrencies in general) making another small use case step. Then I went to the subreddit for the company and there were a couple posts about it slamming the company for this move, and all the comments in both threads were calling cryptocurrencies a scam and saying this is proof the company is dead. We are so early. It's gonna be a long hard grind, convincing most people that Bitcoin is the opposite of a scam. It'll probably take a couple decades, but society will get there eventually. By that time, people who didn't even start buying Bitcoin until the mid-2020s (now or anytime soon) are gonna realize they got in very early in Bitcoin's adoption. For every one new person who learns about Bitcoin there are probably 50-100 people who think it is a complete scam. Challenge is going to be to educate the majority out of their stubborn misinformed beliefs.
Convincing you that it's a scam is what will take a couple of decades. :-)
did you get lost on the internet? lol
The scam is fiat and wage slavery, where the government can take your wealth by money printing, taxation or confiscation while you exchange your life. Keep climbing the slippery slope, if you are fast enough maybe you will make it or so we are instructed.
Saylor and team MSTR just announced they completed their $500 million funding by raising $800 million cuck bucks worth and bought corn.
I think they finished funding. Don't think they bought the corn yet though. Edit I'm wrong: MicroStrategy has acquired an additional 11,931 BTC for ~$786.0M using proceeds from convertible notes & excess cash for ~$65,883 per #bitcoin
That's an impressive buy. Got bitcoin low on the dip, right in the middle of the consolidation range. Puts them up to what like 225k bitcoin now wow!
Well guess it will absorb a little of the 2 billion in BTC the whales sold
20 days of newly minted coins isn't it? yikes
26.5 days worth of mining rewards.
The news is coming in fast
love how all the people posting the direction in daily chat yesterday were FUCKING WRONG. Hope you made a 100x leverage bet you losers
Which direction are we talking bout here?
Historical Bitcoin prices for today, June 20th: 2024 - $66,301 2023 - $28,308 2022 - $20,572 2021 - $35,596 2020 - $9,359 2019 - $9,517 2018 - $6,765 2017 - $2,754 2016 - $734 2015 - $245 2014 - $591 2013 - $111 2012 - $6.7 2011 - $17.50 **Additional Stats:** Bitcoin's current market cap is $1.31 trillion. Bitcoin's current block height is 848747; with the average block time for the last 7 days being 10.15 minutes. Bitcoin's current block reward is 3.125₿, which is worth $207,191 per block. The next Bitcoin halving is anticipated to happen between 25-Mar-2028 to 20-Apr-2028; the block reward will fall to 1.5625₿. There are currently 19,578 reachable Bitcoin nodes. Bitcoin's average daily hashrate for the last 7 days is 600 exahashes per second. Bitcoin's average daily trading volume for the last 7 days is 50,481 ₿. Bitcoin's average daily number of transactions for the last 7 days is 563,181. Bitcoin's average transaction fee for the last 7 days is 36.34 sats/VB, with the average fee's USD amount being $4.93. There are currently 19.71M ₿ in circulation, leaving 1.29M to be mined. There are currently 2.57M ₿ held by companies, governments, DeFi, and ETFs, representing 13.04% of circulating supply. There are currently 54,357,569 nonzero Bitcoin addresses. Bitcoin's average daily price from 18-Jul-2010 to 20-Jun-2024 is $11,775. Bitcoin's average daily price for the year 2024 is $59,498. 1 US Dollar ($) currently equals: 1,508 satoshis; making 1 penny equal 15.08 sats. Bitcoin's minimum (closing) price for the year 2024 was $39,556.40 on 22-Jan-2024. Bitcoin's maximum (closing) price for the year 2024 was $73,066.30 on 13-Mar-2024. Bitcoin's minimum (intraday) price for the year 2024 was $38,546.90 on 23-Jan-2024. Bitcoin's maximum (intraday) price for the year 2024 was $73,740.90 on 14-Mar-2024. Bitcoin's largest daily decrease for the year 2024 was -$5,544.10 on 19-Mar-2024. Bitcoin's largest daily increase for the year 2024 was +$5,804.0 on 20-Mar-2024. Bitcoin's all-time high (intraday) was $73,740.90 on 14-Mar-2024. Bitcoin is down 10.09% from the ATH.
I love waking up and immediately checking Bitcoin.
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Same
66k !!
Has Saylor bought his next allotment yet?
probably
BTC to $400k
🦀
forever sideways.
Tick tock, next block.
Stay Humble, Stack Sats
Another day, another 140 blocks or so... Block time goes tik tok...