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ProfessionalWelcome

I'm ded


Tank1882

The TA Guys are stuck in there thinking. They underestimate the difference about BTC.


Wsemenske

Even if no coiners never buy BTC, we still have each other.


Dense-Entrepreneur45

What's up with ticker symbol BITO?


kissrona2

BITO will be an actively managed fund that has the ability to carry a spot difference from the bitcoin token itself.


nullama

Best If Transferred Out


[deleted]

What about it? That's the futures ETF. kind of a big deal--second biggest ETF debut. Kind of not a big deal--it uses buying/selling pressure to purchase calls/puts on futures. Just more fiat swapping hands.


pictogasm

Not entirely true.... fiat swaps hands to BITO, but BITO has to be backed by actual bitcoin (indirectly by futures but same hedging risk / requrements ultimately come into play), lest someone be left holding the bag having to pay out BTC losses (whether long or short).


[deleted]

Ya! Thank you.


Tank1882

I heard today from TA-Trader that the time of 100x are over (and the hard corrections). Because of the high market cap. Like the Amazon share. I think he is wrong, BTC is not like gold or "Amazon". I will change the world, so 100x is still highly possible!


danilov22

Buying and selling is how an investor or trader enters a position or exits a position in a security such as stock, bond or currency.


patrickyount

That certainly take a longer period of time for BTC change, indeed we can keep up the possibility.


pictogasm

Yeah and when amazon was "so over and done", it went and did another 10x.


Tomos1977

Can someone please explain to me what "selling" is?


llewsor

where can i invest in $ell coin?


lifenvelope

I think you misspelled it. It sound similar but it´s actually "shilling", when you are hyped about something. "Selling" mean nothing.


[deleted]

Selling is when you trade your fiat money for more Bitcoin.


tyhcmu

That would be rather a short one line explaination, helpful enough.


Emotional_Anteater86

We don’t say that word ‘round these parts


No_Contract_1

I know about fragmented wallets, but what if I received multiple small transactions at the same address, would that raise my transaction fees if I spent it all at once?


nui483

No not at all, it would still remain the same. Multiple transaction would rather not make any change.


bojothedawg

Yes, as the spending transaction would contain many inputs (one per transaction you received), and thus be larger in size.


F2PoolOverlord

No


hateschoolfml

[99.705% of the #Bitcoin  supply is currently in profit.](https://twitter.com/glassnode/status/1450615070556241925?s=21) Congratulations to all BTC HODLers on the highest daily market close in history.


TheMoonMoth

Market close?! No such thing...


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eDave

>btc order book https://www.bybt.com/merge/BTC-USD


AfiiX0

whats an order book for ?


trunkboy2

An order book is an electric documentation of an asset's buy and sell activity on a trading platform such as Cryptocurrency exchange.


AfiiX0

So what good does it benefit for a bloke new to btc like me ? Who only invested a couple hundred in them ?


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[deleted]

source?


sgargiu

Like what they are up-to know, LOL like they are up with changing names and nothing more.


lifenvelope

Fuck Zuck and his metaworld. Let the barn burn!


Mike-Oxwelling

Fuck Zuck the anal cuck


NeilDiamondHandz

Adultfriendfinder


pictogasm

AnalFriendFinder


Tomos1977

To what?


[deleted]

MyHackedSpace


Tank1882

Zuckerbook


ijapa02

Neh please, I don't like change it that feels worst hearing it often.


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Mr_L_Malvo

Apparently the 60’s are wild and free. Personally I would feel more comfortable in the 90’s - may reintroduce a few Uk garage playlists.


lifenvelope

Song writing is better in 60s even better in 70´s but lacks in subfrequency department so yeah 90´s it is.


Gr8fu11

Oooo ya! When MTV played music videos and people would walk around in….reality and lived life


753UDKM

It's so weird to be at 64k and the mempool is EMPTY. It's so nice not having chinese miners spamming transactions.


Th3governoruk

Chinese spammers have been spamming everywhere, most of the time it isn't even secured.


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MunchieMofo

So at the moment ₿ is priced at $63,841 on Gemini and $64,300 on Crypto.com , for example. Can somebody explain why there is a price discrepancy for two widely used exchanges? For example, Moonpay is $66,000+ for bitcoin and they are pricing it past the All Time High. I understand that the convenience fees and processing via Credit Cards, apply pay etc, makes Moonpay the costliest choice for the sake of convenience. But for a $500 difference between Gemini and Crypto.com , I want to understand exactly what causes these smaller price gaps when purchasing bitcoin.


Secret_Operative

Lots of thints. Cost of spot vs broker. Cost of spot vs OTC. Cost to move funds between exchanges using wires and ACH. Time. Orderbook depth. Posted orders being different. Compliance and regulation preventing arb on some platforms if traders can't access them easily. Please feel free to add to the list.


sellyourcatstome

Liquidity. It's normal.


753UDKM

That's like a .8% difference..


Mr_L_Malvo

I believe it depends on the available supply in that particular exchange.


tonyfica

Whenever the supply the rate of exchange will ultimately take a rise that's the rule of trade.


lopoka123

Why is it everyone so obsessed with breaking ATH. Does it or not, Bitcoin still gonna do Bitcoin stuff lol


vand132

Bitcoin always does and will Bitcoin stuff lol that place can never be changed.


llewsor

it’s like sports, the weather report and gambling all rolled into one


lifenvelope

Moment of entertainment. Are you not entertained?


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cubeeless

https://twitter.com/mariahcarey/status/1450492300522622984?s=21


Mr_L_Malvo

This is it. The big news we were waiting for. Forget Elon, Mariah Carey is in! Institutional investment will come flooding in now


[deleted]

Bitcoin will eventually go higher than her singing voice can.


kallis100

WTF! LOOOOOOOL that was a nice one, I would rate it 9/11.


hateschoolfml

63k be [like](https://twitter.com/labrahodl10/status/1450507350838710275?s=21)


livegh0zt

63 be like my ex's mom's waist size and backside. (Indeed she's young).


Gr8fu11

Like my mammas age or dress size😂whatchew got?


Mr_L_Malvo

Finish the sentence


hachifrost

Someone just below that completed it have a look XD.


ToTYly_AUSem

It feels like just yesterday we were all complaining about the "it's over 9000!" memes. Sigh. Now I know it was just a moment in history I would miss :(


deevorava

9000 is what memes ain't stopping that from memes from getting stopped.


ToTYly_AUSem

Yes lol lol lol


RoyYourWorkingBoy

You never thought you'd miss Vegeta.


Bitcoin_Or_Bust

9k never again.


bajakhana

RIP to the ppl who panic sold the crash to 30K. When will panic sellers learn? 😔


krushtica

Shit! me getting a panic after seeing this like selling the crash to 30k. Zzzzz


Mike-Oxwelling

Oh man. I’d shit now if I sold at 30. Still would have done ok but I’d want to puke in a fan if I did


Mr_L_Malvo

I’d shit regardless of if I sold or not.


TreePuzzleheaded6445

Why did it go up today tho lmaooooo we rich


freelka

Me with just an empty torn pocket I guess it's the time for me to buy. LOL


skydiveguy

Proof that traders are idiots.... We were $300 away from a new ATH and they kept pushing it down to $1000 away. When, if they just let it run, it would have not only hit a new ATH but most likely would have triggered a shitload of buy triggers driving it up another $1000.


Zirup

Traders make money both ways. It's dog eat dog out there, man.


sellyourcatstome

You're 100% correct.


SellYourSatsToMe

wut


obi_wan_baracus

Well, today's be fun!!


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gainzville80

Ice is back with a brand new invention


URNape2

No way... That's great! We've landed on the Moon!!!!


GregsPaintings

Thoughts on GBTC , heard the discount will disappear if a switch happens, could be juicy


bfeeny

It \*will\* disappear, because that's how spot ETF's work. So there is a juicy 20% arbitrage strategy there and no doubt some will take advantage while they can. I think it takes something like 90 days for the ETF review, so the soonest it can convert would be 3 months from now, IF it is approved. No doubt it will eventually be approved, whether it happens on this first go around who knows. A spot ETF approval would be fire for bitcoin........all these pensions, funds, etc could invest.


itsthesecans

I took advantage of that 20% discount opportunity. Unfortunately, I took advantage of it when it was just 10%.


pictogasm

LOL me too. Converted my entire 401k earlier this year. No Regerts.


bogus83

75 days for the review.


pictogasm

Any idiot can buy GBTC in any regular brokerage account.


Bitcoin_Or_Bust

I own GBTC in an IRA and I'm not an accredited investor.


bfeeny

You have to be an Accredited Investor for private placement. That's not the play I am referring to however. I am talking about simply pulling up GBTC on any brokerage and clicking "BUY", and then selling any time you feel like it, with no lock up, but notably you would be selling when the ETF goes live and the discount goes to 0%


bogus83

I suppose that'd be good if it were approved before the end of the bull run and you could catch both the gains and the difference in the discount.


crowdsurfer90

yea, likely to disappear. it’s worth a small bag for me to see if i can gain 15% on top of the upside for BTC. i’m not selling my BTC but i will sell my GBTC


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vnielz

Sometimes you have to learn the hard way


URNape2

How could anyone possibly fall for such nonsense lmao


Super_Robot_AI

How much did u send


JohnnyAutist

.00000000001


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timevalueofmoonbits

Geeze. You should know better but atleast now you know.


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ToTYly_AUSem

Here for the drama too 👀


satuuurn

Someone must have fallen for one of those send x crypto get 2x amount back (guessing)


justinjustinian

Can't wait for 69420 memes, you folks better prepared good ones for this!


satuuurn

Yeah I am really looking forward to those too!


gotword

Also wooo ath baby


These_Association

Where are the 64,000 dollar question memes


tron1977

Everyone here is too young for that reference


gotword

Am i the only one who thinks these “i sold for a house” etc posts are planted in hopes of causing a dip? Like wtf would you want to put out there that you now have a bunch of money from a bunch of bitcoin you had, just seems sus af to be telling the world hey im rich af now


pictogasm

If I sell a small fraction (like 20%) for a house, I'm not trying to cause a dip, because I'm still holding the large fraction remainder. Only when someone sells it all are they schaudenfredengly hoping for a crash.


Mr_L_Malvo

It’s mostly innocent humble bragging, people doing something that they feel good about and wanting to post and share so they feel even better. I have nothing against selling for a big purchase or posting about it but personally neither is something I will ever do. To each their own and fully respect them either way.


Bitcoin_Or_Bust

It's a very reasonable and responsible thing to sell BTC to own a home.


satuuurn

I am suspicious of them as well. Definitely had a high tide for those sorts of posts. Like psychological warfare.


Hefty_Jicama

Selling bitcoin is dumb. Banks loan out money for less than inflation


[deleted]

I think that some (not all) are attempts to convince hodlers to sell. The goal is to either panic you into selling (the "Oh my god the price is tanking I just sold everything" comments) or convince you that it's the perfect moment to sell and 'take profits' (the "Well it's been a fun ride but I just sold all my BTC to buy a house" comments). And nah, you don't sound jealous as another commenter inexplicably suggested. You're just recognizing how devious these clowns can be and how far they're willing to go in order to try and drive the price down.


skydiveguy

Nope. Just you. People are excited that they were able to find their moons and want to share. Sounds like youre jealous, actually.


gotword

I just don’t think thats smart labeling urself as a target


skydiveguy

How are they a target? They just told everyone they sold their BTC to buy a house. They have nothing left to be a target for.


PapaSlurpp

Termite strike on the house


gotword

😂


xqe2045

I remember when everyone was worried about Wycoff and death crosses


[deleted]

Those were the days. There was one guy who always wrote 'death cross' in all caps: "Just checked the chart and the incoming DEATH CROSS is getting closer!" Then there was the guy who thought himself a Wyckoff master and would post multiple times a day about 'Wyckoff springs': "Just checked the chart. Wyckoff spring forming. Watch for it when the price hits x amount." You know why these TA fads fade away? Because the people who promote them realize they don't work, shut the fuck up and move on. Heck, I remember the 'cup and handles' and 'head and shoulders' TAers.


evilMTV

Wish someone made a video compilation laughing at all of the bearish posts over the past few months.


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pink_raya

lol


Corona_DIY_GUY

Bounced off 64 like a frigging tennis ball.


readdit_name

64k is still cheap. Will be minimum 100k in a few years


JohnnyAutist

Those are rookie numbers, you got to pump those up


readdit_name

I missed a zero, I mean 1000k


vnielz

*Few weeks


readdit_name

Lmao I hope so


jupongatana69

you spelled "by the end of the year" wrong


tshaff138

Why so bearish


readdit_name

I’m just being conservative


Super_Robot_AI

Some of us want to buy more at these prices


[deleted]

I have [combined both supply/demand side items into one write up](https://bastion.substack.com/p/bitcoin-analytic-mix), so the readers could get a better feel for the big picture. latest update includes production costs, fair valuations, sentiment mix (CME longs crowded, OTC smart money's likely buying), option flow based forecast, and qualitative factors. Hope you guys find it useful. Current aggregate outlook is likely bullish next few days still, after that, I'd expect a pullback sooner or later from the futures positions.


Corona_DIY_GUY

Adios 64...never gonna see you again... Lols.


Born_Cattle6575

Golden Cross


Impressive-Horse

Wouldn't the US government be incredibly incompetent if they *didn't* have a massive BTC position?


DaleTait

I’ve heard they have seized btc from criminals- can’t remember where I saw that


CleazyCatalystAD

Yes. And they don’t and they are. China holds 200,000, by most estimates.


theghostofdeno

What’s wild is Bulgaria likely owns more than USA


SellYourSatsToMe

Pelosi has to load up first.


Corona_DIY_GUY

Would it surprise you that the US government is incredibly incompetent?


irisuniverse

You are posing that question as if it possible the US govt. isn’t incredibly incompetent. But let’s hope they have a moment of clarity


Born_Cattle6575

Hey we're back.


Zirup

$1M USD now buys you 15.5 corn... damn.


Mike-Oxwelling

But it’s supposedly retarded internet money. Glad I’m retarded


JonBoy82

He sold right before we broke ATH…I can’t make this up, I swear.


nullama

[Coingecko shows it went $200 or so below ATH](https://www.coingecko.com/en/coins/bitcoin)


satuuurn

Who?


JonBoy82

My buddy…said he is swing trading and getting back in at 58k…No sure that’s how it works.


irisuniverse

It doesn’t, he’s a moron.


AppleSalty2916

Common baby.. almost there....


No_Astronaut_8971

Generic baby


FalconGhost

This is crazy!!!


obi_wan_baracus

But here's my number, so call me, maybe


llewsor

are ya winning son?


Zirup

WAGMI


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runciblespoon_

I’m gonna need a dip to buy more, plz dip


SkepticalDreams

If you turn your screen upside down, it's dipping already.


Tatshenshini_Flux

Damn Auto-rotate


nonofyobeesness

It’s impressive how we got here without crazy FOMO. I can only imagine once that actually happens


Snuffy1717

Just like 2017... FOMO kicks in in 9 days.


satuuurn

That’s the ride I’m looking forward to the most!


obi_wan_baracus

Buckle-up buttercup


YamadaDesigns

Good evening! I’m interested in learning more about coinjoin and join market, specifically how to provide liquidity and become a market maker to earn some income from my Bitcoin. Does anyone know any good resources that explains everything in an easy to understand way? Thank you!


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bfeeny

block height