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Posted on 12/15/24 at 8:39 pm to beaverfever
Agree. I don't see a lot of resistance to Bitcoin going up.
I saw an article today where PlanB said his Stock to Flow model is right on track and he predicts Bitcoin will AVERAGE $500K in 2025 primarily between $250K to $1M per BTC through the year. If that is correct there will be many more multi millionaires join the club.
I saw an article today where PlanB said his Stock to Flow model is right on track and he predicts Bitcoin will AVERAGE $500K in 2025 primarily between $250K to $1M per BTC through the year. If that is correct there will be many more multi millionaires join the club.
Posted on 12/15/24 at 8:54 pm to 98eagle
Can you link that?
Posted on 12/15/24 at 9:08 pm to Gaggle
Posted on 12/15/24 at 9:21 pm to Gaggle
quote:
Can you link that?
Here's the article in the link below. Scroll down in the article until you see the picture with a black background with white text. That is a tweet from PlanB with his predictions all checked off with a green checkmark coming true. The last prediction is Bitcoin's average 2025 price ($500K) and range ($250K to $1M). There is other text to read above that tweet which appears to be from 12/7/24.
Trump may use Bitcoin as US reserve asset on 'day one' — How high will BTC price go?
Posted on 12/15/24 at 9:33 pm to 98eagle
Danke
Posted on 12/15/24 at 9:40 pm to 98eagle
Is there some kind of news that got BTC to go into the 105-106k range today?
I don't get the 24/7 trading, so trying to understand how to see the triggers. I get it's volitale but people aren't stupid at these amounts either. So wondering. Especially going into the end of the year, so wondering if tax selloff is in the hopper soon.
BTW - when is "start of the day" for BTC? I have btc-usd on my watchlist, so say it says it's up x% on the day what time was that reset at...GMT? TIA.
I don't get the 24/7 trading, so trying to understand how to see the triggers. I get it's volitale but people aren't stupid at these amounts either. So wondering. Especially going into the end of the year, so wondering if tax selloff is in the hopper soon.
BTW - when is "start of the day" for BTC? I have btc-usd on my watchlist, so say it says it's up x% on the day what time was that reset at...GMT? TIA.
Posted on 12/15/24 at 9:48 pm to CE Tiger
quote:
The 21m cap comes from the block reward starting at 50 and then halving every 210,000 blocks. Satoshi coded blocks to take 10 mins usually to mine so every 4 years the bitcoin block reward halves. This results in no bitcoin left in about 2140 and 21m bitcoins in circulation. So yeah it's because it's coded in.
What stops someone from making a new coin with the same cap? Would people go to that one? Just asking/learning.
Posted on 12/15/24 at 9:56 pm to HagaDaga
quote:
Is there some kind of news that got BTC to go into the 105-106k range today?
There's so much news, but perhaps a good portion was the news that MicroStrategy is joining the Nasdaq 100. It is the first ever Bitcoin centric company in the Nasdaq 100.
quote:
Especially going into the end of the year, so wondering if tax selloff is in the hopper soon.
There wouldn't be tax selloff pressure with Bitcoin directly. Everybody holding Bitcoin now is in profit. Selling means they will owe taxes.
quote:
BTW - when is "start of the day" for BTC? I have btc-usd on my watchlist, so say it says it's up x% on the day what time was that reset at...GMT? TIA.
Bitcoin trades 24 x 7. The start of the day is probably different per country and based on time zone. Most likely in the US it is the Eastern time zone at 12AM midnight. So Yahoo Finance and CoinMarketCap most likely go with this 24 hour period based on Eastern time
However, when you watch a business news channel on TV in the US and it shows Bitcoin is up or down X%, I believe that is from market close of the prior trading day. So if Bitcoin is up 5% on a Monday afternoon, that means it is up 5% from market close 4PM Eastern on the prior Friday.
If I am wrong about the above, someone please correct me.
This post was edited on 12/15/24 at 10:00 pm
Posted on 12/15/24 at 10:15 pm to 98eagle
Thanks. I figured there was a lot of news on something worldwide like this. I have some MSTR so that's some good info on the NASDAQ 100. Thx.
Makes sense on the BTC taxes, though I'm assuming ETFs and other plays like MSTR will see some sell off. Though maybe not as much with trump wining as if Harris would have. Though I don't know if my buy in is low enough to handle an end of yr/qtr dump.
Ok yeah I watch Yahoo and was leaning GMT but midnight et could make sense.
The tv version though is a bit confusing so I'll keep that in mind. Thanks again.
Makes sense on the BTC taxes, though I'm assuming ETFs and other plays like MSTR will see some sell off. Though maybe not as much with trump wining as if Harris would have. Though I don't know if my buy in is low enough to handle an end of yr/qtr dump.
Ok yeah I watch Yahoo and was leaning GMT but midnight et could make sense.
The tv version though is a bit confusing so I'll keep that in mind. Thanks again.
Posted on 12/15/24 at 10:16 pm to 98eagle
Where does Saylor buy his BTC?
Where does Coinbase get theirs?
Where does Coinbase get theirs?
Posted on 12/15/24 at 10:18 pm to HagaDaga
Remember Sunday afternoon here is Monday morning in Asia
Posted on 12/15/24 at 10:31 pm to Billy Blanks
quote:
Where does Saylor buy his BTC?
Likely Saylor personally and Microstrategy buy their Bitcoin from different exchanges, Coinbase and Binance included, plus any off market deals they can get from miners or whales.
quote:
Where does Coinbase get theirs?
Coinbase has many options where to source Bitcoin from miners or any Bitcoin exchange such as their own exchange GDAX.
Posted on 12/15/24 at 10:39 pm to 98eagle
Would be wild if they restricted his account. 
Posted on 12/15/24 at 11:29 pm to Gaggle
quote:
Remember Sunday afternoon here is Monday morning in Asia
Right. Why I'm trying to figure out the days starting point. Like the below is what Yahoo says. I'm guessing UTC is GMT so why I was thinking that's the reset and the below example of 2.35% is from that point.
Bitcoin USD (BTC-USD)
104,779.03
+2,410.20
(+2.35%)
As of 5:22:00 AM UTC. Market Open.
Data provided by
Posted on 12/16/24 at 5:16 am to 98eagle
quote:Isn’t that guy’s track record terrible? I think his original S2F model said we’d already be at a million. I did hear that he'd nailed his last couple of predictions so maybe he just needed a fresh start. The only model I’ve ever given any credence to is Giovanni’s Power Law model.
I saw an article today where PlanB said his Stock to Flow model is right on track and he predicts Bitcoin will AVERAGE $500K in 2025 primarily between $250K to $1M per BTC through the year. If that is correct there will be many more multi millionaires join the club.
This post was edited on 12/16/24 at 5:25 am
Posted on 12/16/24 at 5:36 am to beaverfever
I'm ready to see our first post 100k rally. Hope we don't dip below our previous high of ~103,900.
Posted on 12/16/24 at 6:18 am to HagaDaga
quote:
when is "start of the day" for BTC? I have btc-usd on my watchlist, so say it says it's up x% on the day what time was that reset at...GMT? TIA.
Yes, GMT is the official close/open, so if you're on God's time, it's 6 pm CST.
Posted on 12/16/24 at 7:06 am to BottomlandBrew
quote:
Yes, GMT is the official close/open, so if you're on God's time, it's 6 pm CST.
thanks. 
Posted on 12/16/24 at 7:13 am to beaverfever
quote:
Isn’t that guy’s track record terrible?
Are there any trustworthy middle of the road non-bias people that aren't either cheerleaders trying to hype it up to increase their positions or the 'doom and gloomers' wanting to have their "I told you so" moments?
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