$ (BTC) The Bitcoin Thread - NO SHITCOINERS ALLOWED

[ditto]

Is the $1.5 billion injection from Tesla really enough to raise the price of bitcoin by $4,000 when the market cap is $870 billion (minus $1.5 billion I guess) and 18.6 million coins exist?

Doubt that there is a paper wallet in Telsa HQ containing those coins, or that $1.5B changes hands. Most likely the have an arrangement with Gemini to let them play accounting tricks to move the book value of the coins to Telsa's balance sheet. Would love to know for real, though.

I'm not so sure about this, friend. A lot of familiar financial names have recently entered the chat.

None of those names prevented 2007.

 

[Simple Moving Average]

None of those names prevented 2007.

You are right. I'm still trying to ascertain whether the institutional entry into crypto should be interpreted as a flight-to-safety or just yet another way of fleecing muppets.

 

[HOMO FOR LIFE]

You are right. I'm still trying to ascertain whether the institutional entry into crypto should be interpreted as a flight-to-safety or just yet another way of fleecing muppets.

It's always fleecing of muppets

 

[Simple Moving Average]

It's always fleecing of muppets

Terry the Prophet (pbuh) was right. They deserve it.

 

[crapstream]

Is the bull run over?

 

[cantankerous jackalope]

Is the bull run over?

Earliest I could see the bull run being over is Q3/Q4 and we will see Bitcoin at 100k before it is over. Institutional investors coming out in droves is really making this wildly different than 2017. Lot of companies are scrambling in reaction to Musks’ announcement on Monday.

 

[HOMO FOR LIFE]

Earliest I could see the bull run being over is Q3/Q4 and we will see Bitcoin at 100k before it is over. Institutional investors coming out in droves is really making this wildly different than 2017. Lot of companies are scrambling in reaction to Musks’ announcement on Monday.

Elon is just trying to divert attention away from Tesla stock collapse

 

[IAmNotAlpharius]

https://www.coindesk.com/visa-anchorage-crypto-apis-pilot-for-banks?amp=1&__twitter_impression=true

Just in case you thought we weren't going to 100k this year.

I wonder if some banks and other institutions intend to use crypto as a collateral for loans. I’ve heard of a few apps that that supposedly do that but I haven’t looked into it much.

 

[cantankerous jackalope]

I wonder if some banks and other institutions intend to use crypto as a collateral for loans. I’ve heard of a few apps that that supposedly do that but I haven’t looked into it much.

Yes they do. I would urge anyone that has a decent amount of bitcoin (>0.1+ at this point) to not cash out and just take out a loan against it from somewhere like Celsius Network or BlockFi if you need cash.

Also in more bullish news, MasterCard is now jumping on board:

https://www.cnbc.com/2021/02/10/mastercard-to-open-up-network-to-select-cryptocurrencies.html

Elon is just trying to divert attention away from Tesla stock collapse

What about Grayscale and Microstrategy?

 

[Terrifik]

congrats

 

[ditto]

congrats

View attachment 1915742

BitPay can now process payments through Apple Pay, thanks to Mastercard getting on board with crypto.

 

[irishAzoth]

lol they better get ready for long transactions bitcoin getting clogged up in 2017 made Stripe abandon ship and others followed suit. At least Ethereum payments go through quicker

 

[AnOminous]

lol they better get ready for long transactions bitcoin getting clogged up in 2017 made Stripe abandon ship and others followed suit. At least Ethereum payments go through quicker

Ethereum is currently really congested thanks to all the decentralized finance transactions.

 

[HOMO FOR LIFE]

Ethereum is currently really congested thanks to all the decentralized finance transactions.

Jesus Christ crypto is fucking useless.

 

[ditto]

Ethereum is currently really congested thanks to all the decentralized finance transactions.

Don't worry it'll be fixed when Lightening and/or Etherium 2.0 is out... just around the corner...

 

[crapstream]

Don't worry it'll be fixed when Lightening and/or Etherium 2.0 is out... just around the corner...

Lightening is a scam by Blockstream,
Why not increase the block size and solve the congestion problem?
Blockstream wants Lightening so they can charge fees for using it.
Bitcoin Core is corrupt.

 

[ditto]

Why not increase the block size and solve the congestion problem?

Bitcoin Cash tried that and lost. Should have gone full Dogecoin and uncapped the mining rewards and at least filled that niche.

I'm long on Bitcoin SV just because in the land of the scammers might as well back the biggest one.

 

[mindlessobserver]

lol they better get ready for long transactions bitcoin getting clogged up in 2017 made Stripe abandon ship and others followed suit. At least Ethereum payments go through quicker

And with the Ethereum 2.0 update coming its going to get faster.

 

[HOMO FOR LIFE]

I bought some Bitcoin ETF.

Niggah I am gonna coon Bitcoin now.

 

[world of shit]

Is the bull run over?

Depending on your time horizon, we've been in one giant bull run since the start.