I’m not bullish on Bitcoin. I’m bearish on USD. I’m not buying Bitcoin. I’m selling USD. Bitcoin is how I plan to protect myself from inflation, economic uncertainty, and corruption within the financial system.

I'm not bullish on Bitcoin. I'm bearish on USD. I'm not buying Bitcoin. I'm selling USD. Bitcoin is how I plan to protect myself from inflation, economic uncertainty, and corruption within the financial system. submitted by /u/Smilinmong
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Bitcoin – The Currency of the Internet

The difficulty drop coming with the next block (about -15%) is the second biggest, bitcoin has ever seen. The biggest was 2011/10/31 (-18%), after which the price doubled within two months. 15 months later price found itself 20-folded.

The difficulty drop coming with the next block (about -15%) is the second biggest, bitcoin has ever seen. The biggest was 2011/10/31 (-18%), after which the price doubled within two months. 15 months later price found itself 20-folded. submitted by /u/castorfromtheva
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Bitcoin – The Currency of the Internet

BTC price should close at $5000 within next two days

I am a long term investor, who developed a price predictor model couple of years back. I stopped using it during the 2017 rally (because just buy, right?). Last couple of days made me pull it up again. I backtested my logic on BTC price since 2011. Results seem to show high level of accuracy. So posting this prediction on reddit just to claim bragging rights, I guess. I will share the model if this prediction is correct. I also bought 1 BTC just now.

I know there are smarter people than me who can probably do a better job predicting prices. I am not indicating that bear market is over, just that next couple of days should be good. Exact price close should be around $ 5118.

submitted by /u/nolaughingzone
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Bitcoin – The Currency of the Internet

If the USD continues to expand at its current decade-long pace there will be more US cents than Satoshis within the next ten years.

Currently there are about $ 0.008 of US M2 money stock per Sat (~$ 14,000,000,000,000 / 1,700,000,000,000,000 Sats)

If the US M2 stock continues to expand at around 6%/yr like it has for the past decade we should achieve 1 US cent per Sat within the next ten years, with my current estimate falling just before the halvening-after-next that occurs in 2025/2026.

Current monetary inflation rates for each are USD ~6% / Sats ~4%.

Here is a chart of US M2 money stock growth since 1980, provided by the Federal Reserve Bank of St. Louis.

https://fred.stlouisfed.org/series/M2

submitted by /u/gta3uzi
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Bitcoin – The Currency of the Internet