💡 I summarize and explain Bitcoin for beginners.
🎯 I cut through the filler, fluff and BS
🚀 Follow me for intuitive Bitcoin education and practical formulas.
@BTC_Archive
Jamie Dimon doesn't know 💩
Bitcoin is a distributed system.
Even if Satoshi resurfaced, he wouldn't be able to unilaterally change Bitcoin.
Such is the power of decentralization 💥
And this guy runs the world's biggest bank 🤦♂️
🤡🌎
@yegg
DuckDuckGo starts going political, that’s when it starts going downhill.
Who gets to be the judge of what “misinformation” constitutes?
I’m a huge fan, but must say I’m really put off by political interventions aka thought control.
@Vivek4real_
Buying Bitcoin for the past 2 years weekly would've returned 146% 📈
The Dow Jones index would've returned 14% over the same period.
Bitcoin is the fastest horse 🚀
@Ashcryptoreal
The summary:
It's about playing the long game 📈
Enjoy the short-term dips as opportunities to buy.
Think of it this way:
Buy your Bitcoin with the mindset of holding it for 3 years.
This will make you serious money 💰
@TheCryptoLark
All this demand could easily take Bitcoin to $1 million.
It doesn't take a lot of capital to raise Bitcoin's price.
The price at any given exchange is simply the amount of the latest trade.
This is the multiplier effect.
Bitcoin's price can rise fast 📈
Ride the rocket 🚀
@BTC_Archive
Hash rate approaching 700 EH/s 🚀
Why is this important?
Because the more hash rate, the more secure Bitcoin is.
And a more secure currency, is worth more.
More secure is pricier 💰
Bullish 🚀
@RadarHits
Short-sighted in that it's just fiat.
They missed the chance to embrace Bitcoin for international payments.
And start accumulating the best store of value.
@RadarHits
@JSeyff
Ethereum is a sh*t coin 💩
It's an obvious security.
Ethereum had an ICO and a rollback 🤡.
It has a clear command center.
It'd be crazy to not call Ethereum a security.
The SEC is right on this one.
@BitcoinMagazine
This man is a winner 🦾
Half a Bitcoin may not look like much.
But when Bitcoin hits $1 million,
He has a home in his pocket.
Bitcoin is victory ✌️
@Vivek4real_
Congrats to this dude ✌️
It may not look like much to some, but in a few years when Bitcoin hits $1M,
He'll have a home in his pocket.
Huge win 💥
@BitPaine
Which helps explain why Bitcoin is going sideways.
GBTC still has 600,00 Bitcoin.
It lost 25,000 Bitcoin in about a week.
At this rate, it would take 6 months to exhaust GBTC.
Till then, enjoy the discounts and stack more 😃✌️
@BitcoinMagazine
@SamouraiWallet
This anti money laundering thing has gone so far that I'm almost thinking
F*ck this. Stop all cracking down on money laundering.
Because the price for the rest of us is too high.
And the potential for abuse is too high 👾
@danieleripoll
@DaveRamsey
Dave is wide off the mark, but not 100% wrong.
Altcoins have such a kill switch, e.g. ether, tether, USDC, litecoin. 💩🪙s really.
The irony is, Dave was describing every coin except
#Bitcoin
🤣
The cost of production of 1 Bitcoin post the 2024 halving is around $45,000.
It is costly to make Bitcoin.
And it has to be that way.
This is the cost of the mechanism called proof-of-work.
Proof-of-work is how the Bitcoin network, a distributed network of peers with no
@BitcoinMagazine
This is the fate of every fiat currency.
Some are faster, some slower.
But it's only a matter of waiting long enough.
You need Bitcoin 💰
@waitbutwhy
Astronomy feels like a transcendental experience to me. It's humbling, keeps me calm and centered.
It's so fantastic it seems unreal. Yet it's all true.
@BitcoinMagazine
"Gold" is actually a little bearish 😁
The price target for Bitcoin is $2 million 💰
I did the math.
This will be reached in a few years.
Bitcoin is the best investment 📈
@Breedlove22
Then Bitcoin would've created its own positive feedback loop 🚀
By destroying gold as a store of value.
And therefore grabbing a bigger piece of the store of value market.
@BitcoinMagazine
@GayatriPC_
Imagine what happens to the price of Bitcoin in 20 days 📈
After the halving.
When the daily Bitcoin production is cut in half from approx. 900 to 450.
demand > supply
Price skyrockets 🚀
Bitcoin is an exception.
Most things human are fuck*d up.
Bitcoin isn't.
Because it's a global, decentralized, distributed system that no human, country, or company controls.
It's the only incorruptible store of value in existence.
Can't corrupt something that is spread out
@BitcoinNewsCom
This is GBTC's adjustment from trust to spot ETF.
It'll happen for a long time because they have just under 600,000 BTC.
Not every GBTC client will convert, of course.
We'll see how long this goes.
In the meantime, Bitcoin goes sideways.
@EricBalchunas
@LynAldenContact
@RebeccaSin_SK
That is an enormous opportunity for Bitcoin 🚀
With the Hong Kong spot ETF.
The ETFs give Chinese investors legal access to Bitcoin.
Filling the market gap to buy non-chinese assets.
Bitcoin prices set to skyrocket 📈
Your hardware wallet does not hold your Bitcoin.
That's right.
Your Bitcoin lives in the blockchain ⛓️
The blockchain is a distributed ledger and that's where Bitcoins are.
What does a hardware wallet store, then?
A hardware wallet stores your private key.
That's the
@BTC_Archive
Bitcoin has the fundamentals set for a massive bull run 📈
Banks are now paying attention to Bitcoin.
The spot ETFs are the vehicle they needed.
Soon it'll be crazy to not have 5% in Bitcoin.
Enjoy the ride to the moon 🚀
@RadarHits
The world needs Bitcoin.
Stable coins are good media of exchange for now, but they're also government captured.
And they're a terrible store of value, because backed by another melting ice cube, aka the US dollar.
Bitcoin is the real deal 🪙
Common question: "What is Bitcoin ?"
One the simplest explanations I came up with:
Bitcoin is decentralized, digital money.
Like other forms of digital money, e.g. your bank account, credit card, etc, it's just numbers on a ledger.
Your balance on a ledger, like an
@danieleripoll
Products and services get cheaper as productivity rises.
That's what would happen if fiat currencies weren't constantly debased.
That's what happens with Bitcoin 📈
Really well said, owning Bitcoin is like owning a stake in mankind's ingenuity ✌️
@thomas_fahrer
I'll tell you where the 2% comes from.
It's the annual amount of money printing central banks think they can get away with.
Low enough so people won't notice or care.
It's just a guess, pulled out of their a55es.
Circus world 🎪🌎
We're the clowns 🤡🤡🤡
@BitcoinMagazine
Rumor has it that Satoshi disappeared because of Bitcoin's lead dev Gavin Andresen's meeting with the CIA.
That would be a sound reason.
Satoshi may have been spooked 👾
@DocumentingBTC
@CynthiaMLummis
Bitcoin mining is a variable and controllable load.
Said load can be turned off during periods of high demand,
And turned on during periods of low demand.
Thus balancing the grid's supply and demand.
This makes energy demand stable and predictable.
Thus making the
@TheBTCTherapist
They want you to be:
1. A servant to corporations for 40 years.
2. An indentured servant for 30 years.
3. Dependent on the State as much as possible.
So they have leverage over you.
Bitcoin offers respite.
@CoinDesk
@cheyenneligon
@nikhileshde
This anti money laundering thing has gone so far that I'm almost thinking
F*ck this. Stop all cracking down on money laundering.
Because the price for the rest of us is too high.
And the potential for abuse is too high.
@TheCryptoLark
The ETFs will take Bitcoin over the 2021 ATH 🚀
If there's a correction, it should be brief.
It'll actually be a blessing to sideliners or Bitcoiners who would like to stack more 🍀
That's if a dip that big happens.
I don't believe it after ETF approvals.
@dvassallo
That's indeed the best. Here are my favorites, in order of priority. I start with
#1
, and if that's not possible, I work down the list.
#1
eliminate.
#2
automate.
#3
Pareto it.
#4
pick a good default and stick to it.
#5
outsource.
The 1 reason Bitcoin could reach $1 million in 2-3 years, for beginners
It's important to know this reason because it'll help inform your investment decisions.
This is the reason:
Even if Bitcoin captured only 2% of the world's total market for store of value, it'd reach $1
@BritishHodl
Some believe that the price might fall in the short term.
In a sell-the-news event, aka traders realizing profits.
Good for us, great opportunity to stack 😀💰
@BTC_for_Freedom
People don't realize how much bigger than
#Bitcoin
the outside money supply is.
It doesn't take that much money inflow to move Bitcoin's price by a lot.
It's like a gigantic reservoir trying to fill a small cup.
@maxkeiser
Meaning that Tether itself acknowledges that Bitcoin is the reference currency.
It's only a matter of time until others do.
Bitcoin 📈
Ride the rocket 🚀
@MartyBent
When you hear government officials deride Bitcoin, understand this is the subtext:
Bitcoin matters.
Otherwise they wouldn't be talking about it.
@BitcoinNewsCom
@ecb
The post office doesn't like email.
Bank tellers don't like online banking.
Central bankers don't like Bitcoin.
Is it any wonder 😂 ?
Simple explanation of Bitcoin UTXOs – and why they matter.
A UTXO is Bitcoin transaction output. That is, any number of sats that you receive from a transaction.
Think of it as your Bitcoin balance for a transaction: the amount of sats that were sent minus the transaction fee.
@BTC_Archive
@JSeyff
Grayscale's selloff is clearly slowing down 📉
Which is why we're seeing higher Bitcoin prices this week.
Grayscale outflows approx. cancel out Fidelity's inflows.
Leaving all the other ETFs combined as inflows.
Bullish 🚀
@thomas_fahrer
87 years looks like an inordinate amount of time ⌛️
But think about it, it fits a human life span.
The takeaway is, you can't trust fiat for long term wealth preservation 📉
Think retirement, for example.
@pete_rizzo_
You don't take Bitcoin investment advice from people who clearly haven't put in the hours to understand it.
And so many investment pundits haven't.
They may be extremely successful on their domains,
but Bitcoin is a different animal.
Ride the rocket 🚀