bitcoin

Im not super rich or nothing , young buck with a dream some would say, got a house , got some crypto got my dream car , got a gf thats a nurse . I am about to sell my 370z to buy into some projects. IMHO , we will not see the bull run till 150 days after the halvin .. but I want to be ready this time. I held onto ONE last run with .06 buy in and held on and lost it all. Big ol mistake not taking profits. Don't plan on that happening again. Did you guys sell any tangible assets for crypto or made big choices that could effect your life if this doesn't work out..

Bitcoin Bull Run decisions.

Owe IRS over 50k from 2021. Looking for advice

I know Bitcoin Unlimited became the BCH full-node client. But is there a software fork of the "Bitcoin Core" client that signals a desire for larger blocks on BTC itself. Without stripping out some of the innovations that the BTC devs have actually come up with.


Here's what Satoshi had to say about raising the block size limit
Here's what Satoshi had to say about raising the block size limit
You could have a whole bunch of conditions such as:

X% of the previous Y blocks mined must have signaled for larger block sizes AND the blockheight must be over Z etc, AND transaction fees previous Y blocks must have exceed the mining rewards from the previous Y blocks.
Because I run a Full BTC, and a lightning node, and a BCH node, and a Monero node, and a Litecoin node, and a Dogecoin node. It all runs on a single server on less than $1000 worth of hardware.

I'm not a fan of the way the BCH hardfork went down. I actually think we need layer-2 scaling solutions, but at the same time, just trying to manage my lightning channels with small blocks is an absolute nightmare.

I like BCH, it's actually usable. But the whole Bitcoin economy is so fractured. You have people who don't use BCH, and you have people who don't do Lightning. Or they don't do Litecoin, or they don't do Monero. I don't HODL much BCH, it's done nothing but lose value compared to BTC, but it's actually usable.

I don't want to see another contentious hardfork like the BCH hardfork, but I want to signal my desire for larger blocks. I understand the small block arguments, but like what about 2MB? Some breathing room PLEASE, even if I know the block size increase is 3 years away. A little hope for the future of Bitcoin. $20 transaction fees are insane.

Is there some way of signaling a desire larger blocks with a software fork of Bitcoin Core kinda like the old BTC-Unlimited or BitcoinXT?

Whatever happened to client forks like BTC-Unlimited and BitcoinXT?


Bitcoin; fool me one time shame on you. Fool me twice, shame on me.

You have likely heard a version of that popular phrase at some point in your life. However, as time goes by it is becoming more and more applicable to Bitcoin. For example, let’s go back in time to 2019. We were still fresh off of the blow-off-the-top moment that concluded the bull market in 2018. Bitcoin was much less proven than it is today and there were real concerns that the death blow had finally been dealt to this market. People weren’t assuming that the market would recover like they are today.

With that said, as we progress through 2019 the market began to recover. All of a sudden Bitcoin soared back over $10k and hope was reignited in the market. Bitcoin was hungry for more and didn’t stop there, rocketing up above $13k. That is when people began to talk about us being in a bull market, that Bitcoin was officially back, and were even discussing how high the price would go. Since it reached a price of $20k in 2017, now we had our sights set on $50k, $100k, and beyond. Prices had begun to recover just enough to cause people to forget how painful the year before was, and how you should never assume anything with Bitcoin. Coincidently it was also a year before the next Bitcoin halving.


Sound familiar?

That is the exact same formula that has been playing out this year.

We are only a year removed from arguably the most painful period in Bitcoin and crypto history. However, the market began to recover. Along the way a few bullish announcements were made, specifically BlackRock’s spot ETF application, and Bitcoin jolted up to $31k. Hype returned to the market, and people were claiming Bitcoin was back. That it was only a matter of time until the ETF was approved, and it would be the catalyst that sends Bitcoin above $100k.

This could all be true. But oddly enough in the summer right before the next halving the price of Bitcoin tanked once again, causing people to lose confidence in the market once again.

It happening once in 2019 would be a nice coincidence. But now that it has happened twice, it has become a trend. With that said, in 2023 we are the lucky ones. Time and history is our friend.

As I mentioned above, Bitcoin was much less established during the last cycle. Many people hoped that it would recover someday, but there was a lot less history to hang your hope on. Fast-forwarding to 2023, we have seen this story play out time and time again. Bitcoin soars up to incredible heights, only to be brought down by FUD, or a parabolic blow-off-the-top moment. In the past, we had no idea if it would recover or not. To be honest, we still don’t. But with each day that Bitcoin is alive and producing blocks, the odds of that happening improve. Each cycle that Bitcoin survives through also improves those odds.

In 2019, after the price of BTC tanked there were lots of people who lost conviction and sold out of their positions. They just couldn’t handle more pain in this market. Little did they know that Bitcoin would soon soar up to $69k during the next cycle.

The same situation is playing out today. People were ready for the bull market to begin. Hyped about the BlackRock news, and the upcoming halving. Only for air to be let out of the balloon.

However, we all know exactly how this situation will play out next cycle. Don’t let Bitcoin fool you.

Is Bitcoin and other cryptocurrencies fooling people?

The common wisdom in here seems to be DCA into bitcoin for safe returns. My question is when do you realize those returns?

What pricepoint for bitcoin would you sell? I've seen estimates on here for 2x-10x as realistic bitcoin targets for the next bull run.

What do you expect for the next crypto winter? Will prices return to where we are now? Will the average be higher? lower?

I know this is all speculative, but in the past it seemed that a lot of people here were invested in bitcoin for the long long term. Now I'm getting the impression that more people want to realize their gains when possible, but I wanted to get a better feel for that.

Will You Cash Out During the Next Bull Run?

I was thinking about this the other day and I thought I'll ask you, just interested in your opinions.

Post what your choice is in the comments, I will read all of them.

Bitcoin is the daddy of crypto and is the most likely to be around in 5-10 years but ETH and ADA have smaller market caps so more room to grow.

I would personally choose ETH as it can still 2x or 3x in the next few years whereas BTC may not even 2x.

Anyway thanks for reading and I wish you all lot's of success in all your investments.

What would you rather have? 1 BTC, 13.8 ETH or 31,295 ADA (All worth 1 BTC)

I miss seeing people sharing the love and was hoping it would happen to me one day. Any idea if it will ever work again?

Chaintip has been down for 1 month from the bots history ;(

I looked her square in the eye and said, “it is a subpoena. To show up in court. Court. A SUBPOENA.”

Just a story from years ago when I worked at the worlds largest beverage company (rhymes with croaka-croaka) that came to mind scrolling the thread.

Same manager asked me why I was in the bathroom for 7 minutes twice a week, and my answer was simply, “I had to go to the bathroom.”

I got a subpoena my manager asked me, “is there any way you can get out of it?

Ever since RTO happened this week, people just have been leaving the office early once work is done.

People have been leaving the office once all work and meetings are done which is like around 2 pm. Heard people from other teams complaining that they were wasting more money coming into the office especially when the cost of living is higher and being remote or hybrid 2 days was helping offset that. They said that to get more time back for their day, they are just going to leave once work is slow or when there is no work to be done at all and I am going to start doing the same.

Ever since RTO happened this week, people just leave office early once work done

When I ask for guidance I get told "If you can't handle it I'll just have to hire a senior level candidate to take over."

So, am I doing senior level work then?

Threatened to be replaced by a "senior level xxxx" and I'm a junior employee.

So some background.  I make good money, more than double what my wife makes at her work.  I never throw that up because I feel we both contribute to the family in many ways.   I put in a ton of hours and she is 40 or less and has way more flexibility to take kids to appointments and things like that.

So she wanted a nice SUV (like every high end feature that exists) and I said sure, and we found what she wanted and put a huge amount down, and financed the rest.  I have two vehicles...one is an old beater truck we use for hauling things, the other is a more modest car...some features but nothing way expensive.  The SUV was very expensive...there is no chance she'd afford it without my salary contribution. 

So the other day she was on me about driving "her" vehicle when I have to run places sometimes.  And she's correct...sometimes I take the nice vehicle on a quick trip to the post office or something like that, otherwise it's hers.  Well this irritated me something fierce because I pay for the thing too.  I said something of the tune of "Listen, you'd never have a vehicle that nice without all the time and work I put in to make the salary I make, so if I want to drive it, I'm driving the damn thing."  She then let go of the argument and didn't say anything else.

I feel like a jerk because I never throw that in her face, but I was really mad that she feels that I am not entitled to use something I'm paying a lot of money for.  AITAH?

AITAH for reminding my wife who pays for our lifestyle?

I know that currently the in the MCU....The Avengers are currently not active but...still. I hope that Cap 4 ends with Sam forming a new Avengers team.

But finally to the topic at hand. Think the Lagos fight for example. The Avengers are casually taking on some terrorist that want to steel some experimental stuff...low stakes, characters bantering among each and etc (I know the scene is very important to the movie as a whole as it sparks the entire Accords conflict...but humor me for a sec)...It makes the MCU feel more alive and less static Imo.

The MCU needs the Avengers to do more casual Avenging.

So I work in an office with like 35 employees. Recently our manager put up a sign saying

“Employees are not to discuss salaries inside or outside work, if an employee has an issue with there own pay please come and see me, please sign here to show you understand.”

The first person to sign it was a complete legend. He wrote his name, his position time at the company and his full salary package including his pension contribution and annual leave.

Everyone followed his example and when the page ran out of space people put up additional pages until almost everyone had put there salary up there.

So everyone learned what everyone else was earning and it turns out some people were being taken advantage of…by a lot.

Manager put up a don’t discuss pay sign

I think the ability to grow body hair or having too much of it.

What are some examples of body shaming towards men that go unnoticed?

I look around the world and see countries that dont even know how to build side walks. Why on earth should they be entrusted to manage their own money.

Honestly I dont think theres one country capable of managing their own money, not even America.

Bitcoin is literally the solution for 8 billion people to opt out of their mismanaged, corrupt, society destroying national currency, they just dont know it yet.

Why should every country have its own money?

Now that El Salvador has accepted Bitcoin as legal tender Tesla is forced to accept bitcoin as payment.


"every economic agent must accept bitcoin as payment when offered to him by whoever acquires a good and service"

How the turntables have turned...

El Salvador accepted Bitcoin as legal tender Tesla is forced to accept bitcoin

One Year After Trudeau's Bitcoin Warning, BTC Still Beat Inflation and S&P 500

Since Canadian Prime Minister Justin Trudeau said political rival Pierre Poilievre's call for Canadians to buy bitcoin was irresponsible, the digital asset is up 15%, beating inflation and the S&P 500.

Despite Trudeau's hostility towards crypto, several Liberal Members of Parliament own digital assets.

One Year After Trudeau's Bitcoin Warning, BTC Still Beat Inflation and S&P 500

A bit over a month ago Jim Cramer advised people to sell Bitcoin. Since then Bitcoin has gone up more than 40%

Around March 12th he advised people on his show to sell Bitcoin stating he thinks Bitcoin is being manipulated and that he would sell it himself. https://news.bitcoin.com/mad-money-jim-cramer-on-btc-price-surge-i-would-sell-my-bitcoin-right-into-this-rally/

Since then, and it has been barely a month, Bitcoin's worth in USD has risen about 40%-45% and it keeps steadily increasing almost every week lately.

https://preview.redd.it/n51i3oibb8ua1.png?auto=webp&v=enabled&s=fcc69822879fd071a51119cee34ac17e54440f92

This guy seriously proves time and time again that you should not listen to him for any financial advise at all whether it's stock market or cryptos, and if anything you should do exact opposite of what he says.




A bit over a month ago Jim Cramer advised people to sell Bitcoin. 

Super groomed men that look like their beards and eyebrows are tattooed on their faces and those cat eye trends. It gives me uncanny valley feelings.

what is a beauty standard you cant believe people actually like?

Bitcoin wont just enter a bull market, it will be violently repriced seemingly overnight.

Historically (back when gold was still the foundation of money) during periods of financial crisis, economic melt downs, bank failures, and monetary system breakdowns gold would be "repriced". The price of gold in US dollars would adjust seemingly overnight to account for all the damage that was done by the crisis in order to bring back stability.

These repricings were always unexpected and violent.

The next time we experience a financial crisis it wont be gold reasserting itself and being repriced, it will be bitcoin asserting itself for the first time in human history. This will cause bitcoin to be "repriced" violently by the free market. Im talking about a repricing period of six months or less with weekly green candles of $20k $30k or even $50k.

Bitcoin will be trying to reprice to a level that brings stability back to global finance in the midst of a record breaking financial panic, and this requires a price we cannot even fathom today.

When bitcoin does assert itself as the solution to a global financial panic its repricing will happen seemingly overnight.

Bitcoin wont just enter a bull market.

It's basic supply & demand, which is the fundamentals of how anything is priced. High supply and low demand? Price goes down. Low supply and high demand? Price goes up.

For bitcoin the supply side of the equation is limited by design. There will only be 21 million bitcoin available, ever. Right now there are about 19.5 million in circulation. The bitcoin protocol was designed with a mining reward that is reduced by half every 210,000 blocks, which has been about every 4 years. This will continue until the final, 21 millionth bitcoin is mined, which is expected to be around the year 2140.

Another factor that could affect available supply is hoarding. Like how the Hunt brothers hoarded silver in the early 1980s to drive world prices up 713% in a short time period.

And the demand side? Right now the demand for bitcoin is largely driven by speculation. People aren't really buying it to use, they are betting on it, gambling that the price will soar and they will cash out as winners.

If/when bitcoin does become more useful as a currency for everyday transactions, the demand for it will rise, more people will want to use it. Then the price will likewise rise. People buying today are speculating this will happen later. Despite many attempts, it really hasn't happened widely yet.