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r/Bitcoin

Logo of telegram channel r_bitcoin — r/Bitcoin R
Logo of telegram channel r_bitcoin — r/Bitcoin
Channel address: @r_bitcoin
Categories: Cryptocurrencies
Language: English
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Subscribers: 502
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r/Bitcoin

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The latest Messages 3

2023-04-19 02:37:22 Strike CEO: "I'm headed to D.C. to discuss why the Lightning Network is the open, inclusive, equitable payment innovation the world needs"..."It's time for the U.S. to embrace Bitcoin & Lightning"
https://twitter.com/BitcoinMagazine/status/1648414672205365254?s=20

https://redd.it/12r51ue
@r_bitcoin
18 views23:37
Open / Comment
2023-04-19 01:41:15
The power of DCA
https://redd.it/12qzwuk
@r_bitcoin
24 views22:41
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2023-04-18 23:40:02
At the toronto embassy. Let's get citizenship eh?
https://redd.it/12qx9ki
@r_bitcoin
38 views20:40
Open / Comment
2023-04-18 22:41:27
Once I understood Bitcoin, the news stopped being interesting
https://redd.it/12qypef
@r_bitcoin
41 views19:41
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2023-04-18 21:37:29
Who did this ?
https://redd.it/12qx1fq
@r_bitcoin
41 views18:37
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2023-04-18 20:40:28
Banks are getting obliviated
https://redd.it/12qp5ig
@r_bitcoin
48 views17:40
Open / Comment
2023-04-18 19:40:30 This is brilliant. Someone setup a fund for sending every member of the US Congress a copy of The Bitcoin Standard. And you can pay in sats! I think it's asked exceeded the goal, but I'm sure more can't hurt.
https://geyser.fund/project/orangepillappsaifedean

https://redd.it/12qmydh
@r_bitcoin
53 views16:40
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2023-04-18 18:37:30
Bitcoin is good for the environment
https://redd.it/12qko46
@r_bitcoin
50 views15:37
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2023-04-18 17:40:53 BEHOLD - Future bitcoin prices in fiat revealed!!!

Since about 90% of the posts here relate to bitcoin's least interesting attribute (ie: fiat price), I thought I'd provide some highly valuable technical analysis that I've compiled after years of in-depth research.

My method involves a complex open source system that analyzes supply and demand for the world's first and only truly scarce digital asset. It takes into account all possible black swan events, government bans, alt coins, hard forks, media FUD, etc.



Bitcoin fiat price and fiat value over time

Visualizations are made via MS paint. Fiat/bitcoin is represented by the orange line and the left axis, while fiat value (ie: purchasing power) is represented on the right axis and via the green line.

Since lines can be confusing, I will point out a few key takeaways.

First, you'll note that bitcoin's fiat value varies greatly over the short term, but appears to only increase over the long term. The signal here is undeniable but unfortunately, the AI model I used wasn't able to provide units for the time axis. Sadly, the best guidance also appears to be the hardest, namely to just buy and hold. Conversely, your odds of getting fiat rich quickly appear to be minimized the shorter your time horizon is.

Second, we see that fiat value itself is less variable but trending toward zero over time. Those looking to get fiat rich may wish to revisit this strategy as their purchasing power seems to only be eroding over time.

A common question I see is whether now is a good time to buy bitcoin. This is a tough one based on the training data set. Since there is a 100% chance that bitcoin will gain in value over the long term and a 100% chance that fiat value is going to zero, it is really important to do your own research on this topic. If you decide that bitcoin isn't right for you, you may be looking to get fiat rich quickly, and in that case, you should probably not buy bitcoin. A post-hoc analysis also revealed a significant inverse relationship between looking to get fiat rich quickly and intelligence, but that will be explored in more depth in posts to follow.

https://redd.it/12qmd0l
@r_bitcoin
48 views14:40
Open / Comment
2023-04-18 16:42:23
The more posts I read in this subreddit the more I understand this meme…
https://redd.it/12qlwr7
@r_bitcoin
45 views13:42
Open / Comment