I really consider it a smart move without too much risk...
The fall into the 400s lasted a loooong time. If you held, you eventually made out but I think there were a lot of people lost heart and sold. Remember, everything looks easy in retrospect.
I guess it depends on the definition: I'd say owning Bitcoin means owning owning your keys. Considering there are only 53,218,057 funded Bitcoin addresses (based on yesterday's data), and considering many Bitcoin owners have more than one funded address, there are far less than 50 million Bitcoin owners worldwide. On the other hand, if I use a broker to buy shares of a certain company, I can say I own shares of that company. So I guess (by now) it's okay to say you own Bitcoin when you "have" some on an exchange or ETF. By that definition, 1 in 6 or 7 sounds plausible.
There is some nuanced perspectives about ownership. The conclusion I've come to is that if you own it if you can keep it. This is possible for Bitcoin like nothing else.
See also the "If buying isn't owning, piracy isn't stealing" discussion.
About the White House plans, any small move toward clearer rules or tax breaks will always cause some reaction in the market. But removing capital gains taxes on Bitcoin completely?...... That is probably just wishful thinking. It would be a huge deal, but honestly, taxes are one of the few tools the government still uses to control crypto. If they make any changes, it will likely be small adjustments, not a full removal.
Too much to hope for but it would likely release a huge load of spending into the economy.
Definitely a good few days for BTC. My no coiner friends are in shambles still waiting for it to go to zero. Those who listened to me years ago are very happy
Turns out the monkey-brain urge to point and laugh at the potential failure of those who are doing better is not a good financial planning tool.
Buddy only captures the BTC price on the hour so that does not really say very much about what happened with the price throughout the hour... even though there is information about the order books and the walls throughout the hour (or at least that's what I think those chart buddy lines mean).
Correct. In fact he does not even capture the actual price, just the order books. This is why he doesn't have an ATH because the value never goes through his digital neurons. Though I'm sure I could add it if I put a little effort in.
If the whole world is under debt then who is the lender?
We've probably never heard their names. It's how they stay rich.
Perhaps the biggest unsolved mystery of human history.
@jojo69 proposed an answer to that. May be it's correct.
I wonder if AI may be able to provide us with an answer one day. I think there are several gaps in our understanding, either put there deliberately or just blind spots what evolution has put there to allow us to continue. However, even the very limited LLMs that we're currently being served are heavily tinkered with because their owners become unhappy with the output.
Are you 100% certain the p2p issue cannot be fixed? I get the volatility has been a problem but it seems that it has decreased over time and might continue to decrease as more and more adoption happens. Fees and confirmation latency are the main issues currently as I understand it?
And whatever happened to the optimism for layer 2 solutions? Or atomic swaps between compatible blockchains? I do not mind swapping Bitcoin for Monero for all my microtransactional needs. Hell, I would even go for Litecoin. Even if that's just a work-around until we get a better solution.
Volatility is not really the issue. The unpredictability of transaction fees is. It's a shame because p2p really is the killer application for adoption and decoupling from financial markets.
He is 94 years old, age can make someone not follow new technologies. He was very wrong.
He was a fair bit younger at the time but he did not understand the technology and had lots of other good investments so what he did was right for him. He won't be suffering.
Of course, all the asset stripping he did back in the day, not so good but that's another story.
Wish I could feel happy about the ATH. Dad died. Police came to tell me they found him in his apartment after residents called in because of a smell. Happened while I was on vacation in Italy. I really don't know what to feel, just keeping myself distracted.
It's a tough thing. Just don't feel guilty about however you feel. We all handle things differently.
Yep, this one works. What language/lib are you using to generate the images, by the way?
It's Perl and GD, basically. There are many fine languages out there but Perl has just about any library you could want and half my projects seem to involve copying an old project and repurposing parts of the code.
Strange, i get a "access denied" message when opening the URL using a browser. I would have assumed an empty page on missing parameters. Maybe Geoblocked?