BITCOIN Discussion..........

[Tanko]

Here is an interesting piece from the article. We're generating 900 coins/day while ETFs are buying 4000 coins/day. It gets worse after the halving.

What say you BTC gods of BMR? Give us your guess as to what BTC will be at EOY and in a few years.



The new ETFs have been purchasing a daily average of 4,000 coins since their January launch through Thursday, according to Mark Connors, head of research for crypto asset manager 3iQ.

That is considerably more than the 900 coins being created daily by the bitcoin network.

More supply problems are expected for bitcoin this year in light of the "halving" estimated to occur sometime between April 19 and 20. After that next cut the daily supply of new coins will be 450 instead of 900.

 

[raiders72001]

Here is an interesting piece from the article. We're generating 900 coins/day while ETFs are buying 4000 coins/day. It gets worse after the halving.

What say you BTC gods of BMR? Give us your guess as to what BTC will be at EOY and in a few years.



The new ETFs have been purchasing a daily average of 4,000 coins since their January launch through Thursday, according to Mark Connors, head of research for crypto asset manager 3iQ.

That is considerably more than the 900 coins being created daily by the bitcoin network.

More supply problems are expected for bitcoin this year in light of the "halving" estimated to occur sometime between April 19 and 20. After that next cut the daily supply of new coins will be 450 instead of 900.

That article says it all. Institutions are buying up more than is being created and the amount created is getting cut in half. Most retail investors haven't even jumped in yet. Monster run ahead of us.

 

[chuckythegoat2]

Here is an interesting piece from the article. We're generating 900 coins/day while ETFs are buying 4000 coins/day. It gets worse after the halving.

What say you BTC gods of BMR? Give us your guess as to what BTC will be at EOY and in a few years.



The new ETFs have been purchasing a daily average of 4,000 coins since their January launch through Thursday, according to Mark Connors, head of research for crypto asset manager 3iQ.

That is considerably more than the 900 coins being created daily by the bitcoin network.

More supply problems are expected for bitcoin this year in light of the "halving" estimated to occur sometime between April 19 and 20. After that next cut the daily supply of new coins will be 450 instead of 900.

Yes, Tank. Raiders sums it up.

I call it the Supply/Demand crunch in play. I've seen that ratio quoted even higher.

Coins on exchanges drying up. And how does that look after the Halving in 30 days?

 

[homie1975]

what J Powell says this week will affect Both stocks and bitcoin

 

[homie1975]

That 4% is great Robinhood cash account

now 5.25% Coach

 

[homie1975]

good buying opp at $65.5K range

 

[bigdaniil445]

But what does “Long Term” really mean wien?

Til death lol?!

Forever, Laura

 

[rolandcorts]

You're an idiot if you plan to hold btc forever. Ultimately you need to convert it to fiat to spend it, otherwise you're just going to be the richest guy in the cemetery.

 

[Ace7550]

You're an idiot if you plan to hold btc forever. Ultimately you need to convert it to fiat to spend it, otherwise you're just going to be the richest guy in the cemetery.

Or better yet, cut out the middle man. Buy things with bitcoin.

 

[rolandcorts]

Or better yet, cut out the middle man. Buy things with bitcoin.

Lol, like what?

 

[Ace7550]

Lol, like what?

real estate, amazon gift cards.
You don't have to look very far. It's not difficult.

 

[Tanko]

real estate, amazon gift cards.
You don't have to look very far. It's not difficult.

Do you use egifter or some other site for the gift cards?
Looking for some place reliable.

 

[Ace7550]

Do you use egifter or some other site for the gift cards?
Looking for some place reliable.

I've sold quite a bit of bitcoin for amazon gift cards on bisq. Totally anonymous. I've never had an issue.
If you don't want amazon gift cards there are other forms of payment available too.

 

[Ace7550]

Bisq - A decentralized bitcoin exchange network

Bisq is an open-source desktop application that allows you to buy and sell bitcoin in exchange for national currencies, or alternative cryptocurrencies.

bisq.network

 

[rolandcorts]

real estate, amazon gift cards.
You don't have to look very far. It's not difficult.

What % of real estate for sale would accept BTC as payment? A tiny fraction. And if you're audited, you're screwed.

Amazon gift cards? That's a form of fiat, another middleman.

These 2 things you list are just to avoid KYC. If KYC wasn't an issue you'd just be converting it to USD.

And if your BTC seriously appreciates, it will put a huge damper on what you can spend it on. $10 million worth of Amazon gift cards?

 

[mralar16]

Why is Ether dropping?

3-4 months ago my money would be that ETH outperforms BTC as in my mind it's a lot more 'due'. Now it's BACK to where it was during winter... wtf?

 

[Ace7550]

What % of real estate for sale would accept BTC as payment? A tiny fraction. And if you're audited, you're screwed.

Amazon gift cards? That's a form of fiat, another middleman.

These 2 things you list are just to avoid KYC. If KYC wasn't an issue you'd just be converting it to USD.

And if your BTC seriously appreciates, it will put a huge damper on what you can spend it on. $10 million worth of Amazon gift cards?

 

[rolandcorts]

Why is Ether dropping?

3-4 months ago my money would be that ETH outperforms BTC as in my mind it's a lot more 'due'. Now it's BACK to where it was during winter... wtf?

The mystery is why ETH has a price > 0

 

[rolandcorts]

OK guys hodl your BTC forever without any plan to ultimately convert it to goods & services.

 

[JDS]

OK guys hodl your BTC forever without any plan to ultimately convert it to goods & services.

Obviously most investors are holding it for some kind of retirement fund if you will, you seem very disgruntled overall like a person who has missed the boat one too many times.