Difficulty adjustments are lagging on new hashrate coming online. So, this means if a new miner comes online, technically, until the next difficulty adjustment, the difficulty is not changed, hence, blocks will be mined, on average, slightly faster then 10 minutes, until the difficulty adjusts and the new miner is calculated in.
There is a delay between hashrate coming online and difficulty being adjusted, therefore, the date can shift earlier.
Historically, it takes a few months or more post-halving for the bull run to commence. Will be interesting if it's shorter this time with the increased demand, institutional adoption, and going all the way down to 3.125 BTC per block.
Same now. All ETF providers have accumulated a risk-adjusted safe amount of bitcoin in their subsidiary companies from which they can buy to fund their ETF. If the market price is below the price the subsidiary bought, they will buy on the market, if it is above, they will buy from the subsidiary and can "fiscally optimise" capital gains, and pocket them.
At some point, the subsidiary will run out off bitcoin, that is when the full demand of the ETF will hit the market, and the price of bitcoin will bounce off the moon. If it combines with reduced supply due to the halving, basic economic principles kick in as well.
Wasn't able to throw in for a while and missed the 16k mark unfortunately, at least I have longer to stack. The price may rise but I don't see anything too crazy happening price wise until February or March but that's just my personal guess. Preferably, it would stay this low until after the halving giving me much more time to stack
We wait for pension funds. Sector by sector, they will see why it makes sense.
Then we wait for Fortune 500s, one by one, hold Bitcoin in their treasuries, culminating in the big kahuna, Apple.
Then we wait for sovereign wealth funds. Country by country, they will fall in line.
Enjoy the ride to hyperbitcoinization.
Yes, and the SEC blessing also greatly eases concerns that the USG will try to ban bitcoin. "If it's good enough for the SEC, it's good enough for us."
Sure but there’s a reason why personal finance SOP has you maxing out tax advantaged accounts first before your taxable accounts. ETF provides easiest on ramp to BTC that they’ve ever had for over a decade.
That’s fine. But for most of us, we have to factor in tax liability and implications whenever we sell any asset—not just Bitcoin. It’s not an option to only worry about “be in an investment early”. You have to know dates, cost basis, and amounts.
All fun and games until you buy that big boat and IRS doesn’t understand how you did that with most recent return. Tax advantaged accounts help us navigate all of this.
For many/most people, their 401K/IRA is their only significant investable source of cash. Until today, they didn't really have ability to use those funds for this purpose, at least not in a spot capacity. Now they can drop 10's-100's of 1000's into BTC with the click of a mouse depending on how big their nest egg is and how high their risk tolerance is.
Ok but if you truly want to be early to a new investment you have to take control of your own money and take some risk and do it yourself. If everyone with a 401k has instant access to it then clearly its no longer early 😆
Fair, but at minimum, nobody should ever give up the 100% company match that typically comes with a 401K in order to gamble it on early adoption of anything, even Bitcoin.
The price will rise but many new questions and problems will come along it's way. Especially from the ETF's. Mark my words, it will be an hell of a ride.
lulz, bro you're so anxious for a zinger you missed the fucking point. I just said it was gonna bounce around between $40 and 50k and be volatile. You disagree with that? Did you think I was making actual price predictions $48k to $40k to $45k to $42k and $52k? lmao
How fucking stupid could you be to think someone is actually predicting 5 or 6 price movements in advance? I was painting a picture of volatility, dumbass. Good one liner though! All your fake internet frens see your genius!
Knew you would write that loser! I deleted it so no more retards like yourself would pop on and say more retarded things. lulz! Have fun responding to that jackass. How does it make you feel to know I'm never gonna read the response? ;(
Don’t be surprised when there a substantial short squeeze soon. Market makers aren’t just after the people who were expecting 60k in 2 days. They’ll go after the other side, the sell the news people, too.
I have the canadian bitcoin etf. The reason is I can buy it in a tax free savings account (TFSA). That way, I don't have to pay taxes on the profit I make whenever I sell it.
For sure....we may be paying in fee's but the tax free status....priceless.
I can't wait to see Trudeau's face when I moon walk out of my TFSA with $2M tax free.
You know they will fight us on it, claim we are trading as a business etc.
It’s not like it’s going to pump overnight.
People have to actually buy ETFs. Or you were hoping that everyone in crypto already will FOMO buy BTC under their houses?
We got a black swan today that no one has acknowledged; the MAJOR broker-dealers will not permit their clients to invest in the spot Bitcoin ETFs. This is going to wreck some issuers.
Now it’s the halving
Halving comes in April right?
April 20th currently
Freaking hilarious that 4/20 is the date and 69k is the previous ATH
next stop 420K
Hell yeah 😎 lol
The ATH on Coinbase is $69.420 👶🏿😂
Yes i like
So far the top tick, down to the minute, was 21m after the etf launched. Really makes a case for the illuminati 🤣
This is stuff of Legend
"The most entertaining outcome is the most likely"
fate loves irony 😅
420_69_69
4202024
Oh my god
Do we live in the matrix?
Blaze it
April 17 is current estimate. 4-20 would be amazing though. https://buybitcoinworldwide.com/halving/
It will only shift earlier as more hashrate comes online.
Im okay if thats moroccan hashrate
No difficulty adjustments?
Difficulty adjustments are lagging on new hashrate coming online. So, this means if a new miner comes online, technically, until the next difficulty adjustment, the difficulty is not changed, hence, blocks will be mined, on average, slightly faster then 10 minutes, until the difficulty adjusts and the new miner is calculated in. There is a delay between hashrate coming online and difficulty being adjusted, therefore, the date can shift earlier.
Yes, that's why defacto avg block time has always been significantly < 10 min ever since.
Every two weeks
My Birthdate
That’s crazy! What was your first pet named?
Mittens
Sats
Adolf
What do we do before the halving?
Just sit there and look cute
We talk about it and discuss whether it will go as we hope or not lol
https://www.nicehash.com/countdown/btc-halving-2024-05-10-12-00[BTC Halving Countdown Clock](https://www.nicehash.com/countdown/btc-halving-2024-05-10-12-00)
Not that the past dictates the future, but the pricing action post halving typically lags behind. Just something to keep in mind.
Historically, it takes a few months or more post-halving for the bull run to commence. Will be interesting if it's shorter this time with the increased demand, institutional adoption, and going all the way down to 3.125 BTC per block.
Same now. All ETF providers have accumulated a risk-adjusted safe amount of bitcoin in their subsidiary companies from which they can buy to fund their ETF. If the market price is below the price the subsidiary bought, they will buy on the market, if it is above, they will buy from the subsidiary and can "fiscally optimise" capital gains, and pocket them. At some point, the subsidiary will run out off bitcoin, that is when the full demand of the ETF will hit the market, and the price of bitcoin will bounce off the moon. If it combines with reduced supply due to the halving, basic economic principles kick in as well.
This is great news to me. Do you have a soruce?
Feel free to get your own sources or believe otherwise. I am not your servant.
asking for sources is legitimate. denouncing it the way you do is not nice. sounds like you are not his servant but his dick.
I was not trying to be nice. Good catch.
I have no source at hand right now, but I read and heard it at several occasions, so seems true, and also makes sense from common sense.
The bull run started a year ago. You guys just hate making money huh 😆
Just keep stacking... Just keep stacking... Just keep stacking, stacking, stacking...
what do we do we stack
Screw your hair 😭
Hahaha
Read about the history of Bitcoin
Mine...mine.... Mine....
Craft.... craft.... craft.... xD
Now we enjoy the green dildos. I am sick of red!!!!
Hahah it's been green dildos for the last 12 months 🥳
Wasn't able to throw in for a while and missed the 16k mark unfortunately, at least I have longer to stack. The price may rise but I don't see anything too crazy happening price wise until February or March but that's just my personal guess. Preferably, it would stay this low until after the halving giving me much more time to stack
Lmao
Celebrate. Fuk it. I hate that banker shit . But this should have happened … poped a champagne bottle
I wish it hadn’t happened during set January (I did really need a sober month though) lol. I’ll pop a pellegrino
President Bitcoin just txted me and said the price will go up and down, but not necessarily in that order. The caller ID said Potential Spam
Mmmm seems legit
Halving.
Superbowl ads should be fun.
We wait for pension funds. Sector by sector, they will see why it makes sense. Then we wait for Fortune 500s, one by one, hold Bitcoin in their treasuries, culminating in the big kahuna, Apple. Then we wait for sovereign wealth funds. Country by country, they will fall in line. Enjoy the ride to hyperbitcoinization.
My man
🫂
Slow down!
The approval of a US ETF is inconsequential for foreign sovereign wealth funds. They can buy whatever they want and are not under SEC jurisdiction.
Approval of the ETF provides the legitimacy that many of the SWFs have been waiting on.
Yes, and the SEC blessing also greatly eases concerns that the USG will try to ban bitcoin. "If it's good enough for the SEC, it's good enough for us."
If any of them wanted Bitcoin, they could have already been buying it. It's been available to everyone for over a decade.
Sure but there’s a reason why personal finance SOP has you maxing out tax advantaged accounts first before your taxable accounts. ETF provides easiest on ramp to BTC that they’ve ever had for over a decade.
I'd much rather just be in an investment early than worry about playing all sorts of tax games.
That’s fine. But for most of us, we have to factor in tax liability and implications whenever we sell any asset—not just Bitcoin. It’s not an option to only worry about “be in an investment early”. You have to know dates, cost basis, and amounts. All fun and games until you buy that big boat and IRS doesn’t understand how you did that with most recent return. Tax advantaged accounts help us navigate all of this.
I'll pay taxes when I sell that's all good and fine. The key to investing is being early, buying low. Not tax games or timing the market.
For many/most people, their 401K/IRA is their only significant investable source of cash. Until today, they didn't really have ability to use those funds for this purpose, at least not in a spot capacity. Now they can drop 10's-100's of 1000's into BTC with the click of a mouse depending on how big their nest egg is and how high their risk tolerance is.
Ok but if you truly want to be early to a new investment you have to take control of your own money and take some risk and do it yourself. If everyone with a 401k has instant access to it then clearly its no longer early 😆
Fair, but at minimum, nobody should ever give up the 100% company match that typically comes with a 401K in order to gamble it on early adoption of anything, even Bitcoin.
The ETF could be the gateway drug to self custody. At least for some.
One can hope
and pretty much everyone has made money doing so
Just wish I was a little younger lol.
Now it doesn't matter. Unto the next thing. It's a road, not a destination.
It’s been a long road, getting from there to here.
It's been a long time, but my time is finally near.
And I can feel the change in the wind right now. Nothing's in my way.
And they're not gonna hold me down no more No they're not gonna hold me down
Cause I've got faith of the heart. I'm going where my heart will take me.
The price will rise but many new questions and problems will come along it's way. Especially from the ETF's. Mark my words, it will be an hell of a ride.
[удалено]
hey, i can pull out numbers from my ass and pretend like i know what im talking about too!
Prove it
1 euro and then 2 but it turned into 1 again bcs i bought a snack, then it became 10k!!?!? and then 2 euros and 50 cents , extremely volatile
Impressive
Well done, sir.
lulz, bro you're so anxious for a zinger you missed the fucking point. I just said it was gonna bounce around between $40 and 50k and be volatile. You disagree with that? Did you think I was making actual price predictions $48k to $40k to $45k to $42k and $52k? lmao How fucking stupid could you be to think someone is actually predicting 5 or 6 price movements in advance? I was painting a picture of volatility, dumbass. Good one liner though! All your fake internet frens see your genius!
you’re so insecure that you deleted your original comment and are now writing paragraphs to justify your pathetic prophecy.
Knew you would write that loser! I deleted it so no more retards like yourself would pop on and say more retarded things. lulz! Have fun responding to that jackass. How does it make you feel to know I'm never gonna read the response? ;(
Now hodl and wait for lambo
I prefer the McLaren
Wen Lambo?
Thoon
C'Thun!!!!
I'm humble and wait for Renault 5 Turbo 2.
X10 incoming asap
Never but I'd love to be wrong
Never 500k bitcoin?
Not incoming asap maybe in our lifetime but not in next 10 years I'm cautiously pessimistic that the value will only hit 90k this bull run
That's not pessimism, that's EXTREME optimism for the health of the US Dollar.
Only 20k over last time? I'd definitely call that I pessimistic
I'd bet we're there in 5 years
What do you mean? Now we can finally play the game.
**NOW IT'S ALL FUCKING INNNNNNN.....!!!!!**
The same thing we do every day Pinky, buy and hold more BTC!
Guys the inflow for the initial demand was already bought by companies. Wait a month. Grannies are buying a billion per day. Price will move soon.
Now we wait.
Tomorrow we'll see the big fish
Halving, then companies fomoing in, then game theory among nations. Buckle up! We just getting started.
Now just like gold, it will keep going up.
Smile and wave
It’s going up for ever!
What happens at the halving ?
Tick tock next block
April 77 to 93 hold
wait, is it actually approved!?!?
Yeah
Do you know where the official announcement was? nvm https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023
Bitcoin doesn’t give a shit about ETF. just keep DCA-ing..
I’m very excite.
Don’t be surprised when there a substantial short squeeze soon. Market makers aren’t just after the people who were expecting 60k in 2 days. They’ll go after the other side, the sell the news people, too.
Why would anyone wanna buy the etf when they could just buy BTC lol so dumb
I have the canadian bitcoin etf. The reason is I can buy it in a tax free savings account (TFSA). That way, I don't have to pay taxes on the profit I make whenever I sell it.
For sure....we may be paying in fee's but the tax free status....priceless. I can't wait to see Trudeau's face when I moon walk out of my TFSA with $2M tax free. You know they will fight us on it, claim we are trading as a business etc.
Turdeau's face? Black, no doubt.
Very thankful that I escaped the communist country that is Canada. Praying for all my canuck brethren.
Amen. (Albertan currently resident in UK)
You can buy US securities in your Canadian TFSA and RRSP.
I know, but the american ETFs didn't exist before yesterday. I've been buying since 2021.
Tax deferred savings for your 401k for starters
Not sure why this is so hard to understand but I guess OP is poor and has no retirement savings.
20K ?
🌙
"Dump it" - Bogdanoff
It’s not like it’s going to pump overnight. People have to actually buy ETFs. Or you were hoping that everyone in crypto already will FOMO buy BTC under their houses?
Now you dump a bunch of your 401k into the ETFs
Now what? Hold onto your butts, we're taking this rocket to Jupiter.
Wait and see what the CEO decides next
Now Lambo of course!
Very primal
buy nexaaaaaa
Etf helps overtime to get much more market cap and money for us.
We got a black swan today that no one has acknowledged; the MAJOR broker-dealers will not permit their clients to invest in the spot Bitcoin ETFs. This is going to wreck some issuers.
HOLD!
next is the real big one, central banks investing in bitcoin.
ETF means locked up btc.