Quote from: DVlog on Today at 01:29:55 PM

Quote from: bitcoinPsycho on Today at 12:36:16 PM

https://finbold.com/bitcoin-population-surges-with-record-numbers-of-holders-of-1-btc/
"The number of addresses holding at least one Bitcoin (BTC) has reached a new all-time high of 1,013,414"

I think after the next bull run only institutional investors will be able to hold a full Bitcoin. The price will be out of reach for most of the retail investors.

It is already getting quite difficult for newbie normies to hold a whole bitcoin, and there is likely a need for a bit of persistence for many newbie normies to get their investment portfolio to such a place in which they are able to feel comfortable holding a whole bitcoin.

If you have an investment portfolio that has $100k, then surely devoting nearly 1/3 towards bitcoin holding seems a bit much for a newbie normie.. so maybe those who have investment portfolios that are more than $300k might feel comfortable to allocate 10% towards bitcoin, and even since about mid-to-late-2020, I have been proclaiming that anywhere between 1% and 25% allocation into bitcoin is an o.k. amount of an allocation, and even a person who might have an investment portfolio that is around $300k, it could take him/her a bit of time to get their 1% to 25% allocation into bitcoin, and I frequently proclaim that many folks do not like to engage in sales of any of their assets in order to allocate towards something new like bitcoin, so maybe some folks with $300k-ish investment portfolios might have some spare change floating around, but it seems that the more likely path would be to just to start to dedicate extra cashflows into bitcoin, and even if they might be able to purchase a bit more than $2k per month into bitcoin, it still might not get them to 1 bitcoin in a year and a half.. that is if BTC prices stay somewhere in the ballpark where they currently are for the next year or year and a half, which surely does not seem to be too likely.

Quote from: Lucius on Today at 02:15:46 PM

Quote from: DVlog on Today at 01:29:55 PM

I think after the next bull run only institutional investors will be able to hold a full Bitcoin. The price will be out of reach for most of the retail investors.

Do you think everyone will sell to institutional investors? I don't agree that it will be like that, because plan B is to not sell BTC even when they offer us some crazy amounts for it.

That does not make any sense. Why would you hold your BTC merely for the sake of it and pray that your holding it is in your interest because it causes the price to go up...

Sure, I get that in accordance with Gresham's law, it is not problematic to be selling your less valuable forms of cash/assets first (prior to your selling your bitcoin).. but that still ONLY justifies hanging onto your bitcoin until you run out of other kinds of cash/assets to spend because it does not do any good to suffer without food and lodging, or alternatively without hookers, lambos and blow, merely because you are trying to defer gratification for the mere sake of it and in the mean time you overly suffer in the process.

Quote from: Lucius on Today at 02:15:46 PM

Besides, if you can use BTC to pay for services and goods, the question arises, why sell?

Newsbreak: (or would it be Protip?):.. using bitcoin to buy goods/services has the same effect as if you were selling your BTC... #just so you know some of dee basic idears

Quote from: philipma1957 on Today at 03:28:12 PM

Quote from: Hueristic on Today at 02:15:57 PM

Quote from: philipma1957 on Today at 02:12:27 PM

Quote from: El duderino_ on Today at 11:06:36 AM

Quote from: nutildah on Today at 07:46:55 AM

$35k in 5 days confirmed

Couldn’t sent 35 to support
Was at 25 max already
Roll Eyes

I gave him the other 25 you are covered.

So $50k confirmed?

yep but by my birthday Jan 2024 and close to 65-75 by the ½ ing

Doesn't sound overly unreasonable, even though new ATHs have not tended to come until after the halvenings - but at the same time, king daddy is not restricted to having to exactly follow any kind of historical pattern.... just because...

I am not really sure what to say.. except maybe to lean on the historical pattern to be more likely than to have an earlier breach to the upside of the ATH.. yet for sure, there is pretty strong persuasiveness to the ideas that the BTC price has been largely and overly suppressed, including but not limited to a lower than expected top in late 2021 and also a lower than expected bottom in 2022, including spending a decent amount of time significantly below the 200-week moving average for nearly 8 months.. so several of those factors could justify that the ATH is reached earlier than the fractal patterns of the earlier cycles.

Quote from: philipma1957 on Today at 04:51:07 PM

Quote from: LFC_Bitcoin on Today at 04:44:15 PM

Observing $29,699…..nice!

Surely it’s time we hit another yearly high soon. You would expect seller exhaustion to show shortly. I feel like a bear slaying god candle will be arriving before we end the year. The halving is not too far away, Bitcoin Spot ETF’s will hopefully be a reality before the halving also.

Just send it please

we are now at 29.7k so lets do

$33,333.33 and .......

Whatever happened to $10k daily candles? Maybe we are due for a $20k daily candle.? And if it is not exactly daily, within a reasonable amount of time.

Maybe we have to get back up above $40k before $10k daily candles start to seem reasonable/feasible.. and maybe we have to get close or into new ATH territories before $20k daily-ish candles start to become "a thing."