Olivia
Online
Bitcoin Bulletin
@BTCBulletinPod
Your top source for Bitcoin news, updates, and analysis. Stacking Sats together every Wednesday. This is not financial advice. #Bitcoin only.
Florida's Space Coast
Joined July 2021
118 Following
109 Followers
1.8K Posts
Happy Bitcoin Sign Guy Day!
Nine years ago today Janet Yellen suffered the ‘Buy Bitcoin’ photobomb.
Pretty cool!
BITAXE SOLO MINER HITS THE JACKPOT
A single Bitaxe ASIC miner with just one chip found Bitcoin block 957,382 yesterday, earning the full 3.1382 BTC block reward, worth about $200,580.
The miner was hashing at roughly 1 TH/s with no overclocking and was the only device on the address. Mining through Public Pool, which charges 0% fees, the operator kept 100% of the block subsidy and transaction fees.
The winning share reached 294.14T difficulty, more than 2.2x the 133.87T required to solve the block.
At 1 TH/s, the odds of finding a block are roughly 1 in 16,000 years on average, making this an extraordinarily rare event. Even so, the daily odds are still estimated to be about 53 times better than buying a single Powerball ticket.
Whether the bottom is in or not there are a lot of ways this bitcoin bear market has rhymed with previous cycles. We put this bear market into perspective on today's episode of the Bitcoin Bulletin Podcast, as well as make our 259th weekly bitcoin DCA purchase. https://t.co/L8eWX9Qt8Y
ROFL. But, in all seriousness Bitcoin was $33k on July 2nd 2021. That is still a pretty solid gain even if it is disappointing by Bitcoin standards.
Now is the time to double down your efforts to Orange Pill your no-coiner friends and family. We talk about why on this episode of the Bitcoin Bulletin Podcast. https://t.co/RExhOPc7AQ
We are less than a month away from the Bitcoin Bulletin's 5th Anniversary! Our first episode was July 25th, 2021 - our first weekly Bitcoin DCA episode followed 3 days later. My how time flies! Tick tock, next block...
Bitcoin is a REVOLUTION.
It is much more than number go up. It is an invention which can free humankind from the long sad history of monetary debasement, which empowers few and taxes everyone else. In a fiat system the wrong people win. We all pay for it. It is unjust and unfair. Throughout all of human history we never had a monetary standard that did not dilute over time. Now we do. Those of us who are partisans and are fighting for it understand the stakes. Freedom, fairness, prosperity, less war, etc.
Unsound money is the issue of our age. Currently few see it, but this will change. This Fourth Turning is well on its way and the monetary issue will be resolved.
As I observe the current Bitcoin landscape and the attacks on its leaders i am reminded of the opening of Thomas Paine's second writing, The American Crisis. Written in December 1776 after Washington had gotten his ass kicked on Long Island and retreated from Brooklyn and through New Jersey, Paine wrote:
"These are the times that try men's souls. The summer soldier and the sunshine patriot will, in the crisis, shrink from the service of their country: but he that stands by it now, deserves the love and thanks of man and woman. Tyranny, like hell, is not easily conquered; yet we have the consolation with us, that the harder the conflict, the more glorious the triumph. What we obtain too cheap, we esteem to lightly: it is dearness only that gives everything its value."
Sound money has to win. Sound money will win. History will be kind to sound money partisans. This is about a lot more than number go up. Don't forget why we are in this fight. Spread the word. The system they run is evil. We know the antidote. Time is on our side.
Remember when BitcoinT.I.N.A. went from toxic maxi to seller when Bitcoin dropped below $20k in 2022? This is what capitulation looks like. Who will be our crash out this cycle?
When I was a kid I wanted to be rich. I just couldn’t ever make it happen with dollars. It wasn’t until I bought the commodity hope that I started doing better for myself. Once I realized it was working I bought more.
The IRS called it property and once I understood they’d never be able to touch my property I bought more.
I realized the government couldn’t stop it and couldn’t join it even if they wanted to so I bought more.
I’ve been using it as P2P money so I buy 2x more than I spend.
It’s become obvious that every four years there’s a mass retardation event so I’m buying more.
Bitcoin is a lot of things but most importantly it’s freedom.
Who the hell doesn’t want more of that?
Episode #274 Bitcoin Capitulation where we also make our 257th weekly Bitcoin DCA purchase is now available to listen on your favorite podcast apps. https://t.co/wXjIaEx1X9
Happy Fathers Day to all the Bitcoiners doing the second most important job in the world! Don't forget to stack Sats for your children, and call your dad (if you are lucky enough to be able to do so).
If history rhymes (and drawdowns continue to soften) we would see Bitcoin bottom out between $34,000 to $38,000 some time around October.
How long after a Bitcoin ATH does the bear market actually bottom?
History gives a surprisingly consistent answer.
The previous Bitcoin Halving Cycles each had a number of "Black Swan" events that caused significant pullbacks - and the cycle low.
Building conviction and ignoring distractions is the subject of the latest episode of the Bitcoin Bulletin Podcast. We also make our 256th weekly Bitcoin DCA purchase. https://t.co/sYwvZfhiLE
@GoodbeansThe Happy Father's Day to all the dads in Bitcoin Country!
It is once again DCA Wednesday, and every $1 you exchange for Bitcoin will currently purchase you 1,518 Satoshis.
Few
Paper Bitcoin products, AI stocks, and now SpaceX are all draining money away from Bitcoin. THIS is why it didn't feel like we had the euphoria phase. The euphoria was for MSTR, STRC, and now SPCX. Not judging, just explaining.
The previous Bitcoin Halving Cycles each had a number of "Black Swan" events that caused significant pullbacks - and the cycle low.
When viewed from cycle low, Bitcoin was rhyming really well with the 2017 Bull Run until the end of January.
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