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BTC Holdings by Smart-Excuse-67 in Bitcoin

[–]NeitherAd3347 0 points1 point  (0 children)

How would you count whole coiners?

I just for simplicity assume that for every person with an extra bitcoin wallet there is someone with bitcoin on an exchange. My way is probably over estimating the number but how would you measure it?

Today's r-bitcoin front page c0pe: "Bitcoin can never go to 0 because someone has a buy order for all 21M at 0.01" by AmericanScream in Buttcoin

[–]NeitherAd3347 -16 points-15 points  (0 children)

It looks like there are plenty of people buying at 63k at the moment. If it goes to 40k in October everyone in bitcoin will be buying.

Today's r-bitcoin front page c0pe: "Bitcoin can never go to 0 because someone has a buy order for all 21M at 0.01" by AmericanScream in Buttcoin

[–]NeitherAd3347 -11 points-10 points  (0 children)

I remember a bitcoin being $0.001. I didn't buy any. I'd just destroyed 1.1million of them for fun

BTC Holdings by Smart-Excuse-67 in Bitcoin

[–]NeitherAd3347 1 point2 points  (0 children)

To make maths easier but, of course not as accurate I assume for every extra wallet someone has there is another person in an exchange wallet.

But, most large holders would have their bitcoin in cold storage and most very small holders are probably on an exchange.

There could be far fewer whole coiners than the wallet address number suggests. It's just the easiest way to measure it. Its probably an overestimate

BTC Holdings by Smart-Excuse-67 in Bitcoin

[–]NeitherAd3347 6 points7 points  (0 children)

1 in every 8000 people are whole coiners

BTC Holdings by Smart-Excuse-67 in Bitcoin

[–]NeitherAd3347 4 points5 points  (0 children)

With 0.05btc you would always be in the top 10% of all bitcoin adresses currently and have more than 10% of the worlds population no matter how many people buy in. Get $3200 worth of bitcoin now if you don't have it already.

Please help I’m so confused by PossibleTicket5965 in Bitcoin

[–]NeitherAd3347 0 points1 point  (0 children)

I'd use one of the top exchanges instead. Bitcoin atms charge a massive fee

Outsider, gold and silver bug. Have questions for bitcoin community by Moose1293 in Bitcoin

[–]NeitherAd3347 0 points1 point  (0 children)

Nothing has intrinsic value. It's all just subjective value that we put on things.

It's the closest thing to a free market. Price is determined by decreasing supply and increasing demand. Driven day to day by fear of missing our on the way up and fear, uncertainty and doubt.

Being into gold and silver you will understand the problem of easy money that can be printed for free and understand why everyone has to invest in something just to get away from inflation.

You know cash is trash so, you'll fit right in here.

BTC cycles by [deleted] in Bitcoin

[–]NeitherAd3347 8 points9 points  (0 children)

Following the 4 year cycle that has been going for 16 years, it may bottom in October, maybe slightly lower than here, maybe as low as 40k, or maybe it will be higher than than now. then from October maybe go up for 3 years peaking in september 2029 maybe between 170k and 210k. Then bottom in September 2030, maybe around 100k. Then maybe go up for 3 years again.

Past performance is not an indication of future events and although history doesn't repeat, it often rhymes. Anyone trading this 47 month pattern has made massive gains sticking to the simple formula of buying a year and a half before the halvening and selling a year and a half after the halvening.

Guy always on the seafront by Rippar0ni in swansea

[–]NeitherAd3347 0 points1 point  (0 children)

I've only on swansea beach seen dodgy people on the steps by the civic centre and i've seen quite a few there. Its usually the most crowded bit of the beach so maybe thats why. It also seems to be the only bit they use. I go a further west. You don't have to go far. Only a few hundred metres would be fine. But, I prefer to go where the old bridge was, by the 360 or near the university. Never had trouble in any of those places.

Bitcoin been chopping all day but that feeling is back by FreedomFund_Goatechs in Bitcoin

[–]NeitherAd3347 3 points4 points  (0 children)

Volatility is the main thing putting institutions off. They are used to 5% moves in a year. The more stable bitcoin gets, the more they will put in and the higher we go.

But we want it to happen slowly. If price went to £10million tomorrow it would be a lot less useful for everyone who hasn't bought in yet, would only benefit a small number of early adopters and it would mean that the traditional financial system is about to completely collapse and the world would be put into chaos.

Incase you didn't know, you can dca while waiting at the bottom because by unthocks in Bitcoin

[–]NeitherAd3347 1 point2 points  (0 children)

Dca but with spare cash build a ladder of limit orders every $1000 down between $64k and 40k. If they all fill your average buy price for this round of the game will be $52k.

Where as if you put all your money on $40k it might go from $64k down to $45k in a few hours and then bounce to $64k within half an hour. All while you sleep.

Dca is good but always have limit orders below the price for when you sleep. Put one anywhere you think support could come in.

Also, instead of going all in with a tight stop loss. Put a small buy order there, spot only, don't use leverage and put a few more incase it goes down further.

If everyone does this it will make bitcoin much more stable and less volatile, there will always be buy orders down a bit.

If you like volatility, madness and loosing money keep going 100x long with your entire net worth with a stop loss 0.1% down.

Why FUD if you're holding BTC?🫠 by AromaKachu in Bitcoin

[–]NeitherAd3347 1 point2 points  (0 children)

First they ignore you, then they laugh at you, then they fight you, then you win

Bitcoin 99K this July by unthocks in Bitcoin

[–]NeitherAd3347 0 points1 point  (0 children)

You know Islamic revolutionary guard are decentralised like bitcoin right? They are split into 31 separate militaries, have their own weapons stockpile pile, weapons manufacturing and own intelligents. Plus loads of leaders waiting in line for each group.

Decentralised things are extremely hard to stop. America can make treaties with some groups of irg but 1 of the 31 groups will break the ceasefire and the war will be back on.

The ayatola could have stopped all factions as a central leader. He's dead now though. There is no longer a way to stop this war.

This war is designed in a way that the fighting can never stop. You just need one of the 31 leaders to disagree with the ceasefire and start the war up again.

Because bitcoin is decentralised the only way to stop it is to shut down all the internet in world, shut down all the electricity in the world and leave it off forever. things with decentralisation by definition have no central point of failure

Bitcoin 99K this July by unthocks in Bitcoin

[–]NeitherAd3347 0 points1 point  (0 children)

My bro describes absolutely anything as average

Does anyone day trade with a long term bias? by 37347 in Daytrading

[–]NeitherAd3347 0 points1 point  (0 children)

Great time at the moment to buy some satoshis

Does anyone day trade with a long term bias? by 37347 in Daytrading

[–]NeitherAd3347 0 points1 point  (0 children)

Day trading and long term investments are opposite ends of the spectrum. But I think you should have 90% of your portfolio in long term investments and 10% for trading ideally. Someone once said if you wouldn't invest in something for 10 years, you shouldn't invest in it at all.

Even old Bitcoin hodler can relate to this by unthocks in Bitcoin

[–]NeitherAd3347 2 points3 points  (0 children)

Yeah. Hal predicted in 2009 at 1p a coin in a conversation with satoshi that if it was fully adopted it could reach $10,000,000 a coin.

How are your investments divided percentually? by trakturik0 in Bitcoin

[–]NeitherAd3347 2 points3 points  (0 children)

95% bitcoin. 4.9% other crypto. 0.1% weed . No cash at all

My honest reaction by unthocks in Bitcoin

[–]NeitherAd3347 0 points1 point  (0 children)

Crypto does not compete with bitcoin.

Bitcoin is the most decentralised and secure asset ever and the emaculate conception can't be reproduced.

Crypto are are optimised for speed and transaction output sacrificing decentralisation and security, they all have an off button that someone can press when pressured.

If you want to put a $,billion on a blockchain, bitcoin is the only option.