BITCOIN

Scottex99

Lets call it $60k.

ETF inflow numbers are very good, which is the main narrative right now.

Paves the way for ETH versions too in the future, which can only be a good thing.

Surprisingly high prices across the board pre halvening. I'd expect they should drop down before that event and then a possible very big rally afterwards.

AND retail fomo hasn't really appeared from what I've seen either, they are always last in the door anyway

MeteredOut

MeteredOut said:

It used to be that we'd have to check a finance sites to see if BTC was trending down or up. Now I just need to check on those sites to see if its gone down, and know it's gone up if there's a notification of a post to this thread.

Such is the weird and wonderful world of crypto

 

Scottex99

Yeah funny, it’s a Bitcoin thread so maybe…. I can talk about the Bitcoin price? Hit 60k now 

originator

MeteredOut said:

MeteredOut said:

It used to be that we'd have to check a finance sites to see if BTC was trending down or up. Now I just need to check on those sites to see if its gone down, and know it's gone up if there's a notification of a post to this thread.

Such is the weird and wonderful world of crypto

 

curious, would bullion by post be classed as a finance site? That's where I have always checked the rise and fall of bitcoin and it appears to be in real time.....

MeteredOut

Scottex99 said:

Yeah funny, it’s a Bitcoin thread so maybe…. I can talk about the Bitcoin price? Hit 60k now 

I just find it amusing that in a world where the proponents of crypto tout it as a technology that is going to change the world, its the prices changes that drive so much of discussion.  

EDIT: Not scientific, but ChatGPT says this (based on a model that is a few years old).

You
If you were to review an online forum about bitcoin, what percentage of the chat would be about the price rather than anything else?

ChatGPT

It's difficult to provide an exact percentage without specific data, as the composition of discussions can vary widely depending on the forum, its members, and current events. However, in many online forums about Bitcoin, discussions about price tend to dominate, especially during periods of significant price fluctuations or when there is increased media attention on Bitcoin's price movements.

That said, there are usually still substantial discussions about the underlying technology, such as blockchain technology, mining, scalability, security, and various developments within the Bitcoin ecosystem. The proportion of price-related discussions versus technology-related discussions may vary from forum to forum and can also depend on factors like the overall sentiment of the market at any given time.

A rough estimate might be that discussions about price make up a significant portion, perhaps around 60-70%, while discussions about the underlying technology and other aspects of Bitcoin make up the remaining 30-40%. However, this is just a general estimate and could vary widely depending on the specific forum and circumstances.

Scottex99

61K.........

Scottex99

MeteredOut said:

Scottex99 said:

Yeah funny, it’s a Bitcoin thread so maybe…. I can talk about the Bitcoin price? Hit 60k now 

I just find it amusing that in a world where the proponents of crypto tout it as a technology that is going to change the world, its the prices changes that drive so much of discussion.  

EDIT: Not scientific, but ChatGPT says this (based on a model that is a few years old).

You
If you were to review an online forum about bitcoin, what percentage of the chat would be about the price rather than anything else?

ChatGPT

It's difficult to provide an exact percentage without specific data, as the composition of discussions can vary widely depending on the forum, its members, and current events. However, in many online forums about Bitcoin, discussions about price tend to dominate, especially during periods of significant price fluctuations or when there is increased media attention on Bitcoin's price movements.

That said, there are usually still substantial discussions about the underlying technology, such as blockchain technology, mining, scalability, security, and various developments within the Bitcoin ecosystem. The proportion of price-related discussions versus technology-related discussions may vary from forum to forum and can also depend on factors like the overall sentiment of the market at any given time.

A rough estimate might be that discussions about price make up a significant portion, perhaps around 60-70%, while discussions about the underlying technology and other aspects of Bitcoin make up the remaining 30-40%. However, this is just a general estimate and could vary widely depending on the specific forum and circumstances.

It's a good answer actually. As you might expect from a super smart computer.

Is it a currency, a commodity, a store of value, a new technology about to conquer the financial world?

Could be all, could be none I guess.

Digital gold for me right now and the narrative why it's going up in value is one that makes sense, right now. Hence I'm posting about the price and have been since $20k or whatever it was 300 pages ago.

Some Blockchain being a global settlement layer is a long way off imo but the tech is new and some very smart people are building new things every day. 

MeteredOut

Scottex99 said:

61K.........

Scottex99 said:

MeteredOut said:

Scottex99 said:

Yeah funny, it’s a Bitcoin thread so maybe…. I can talk about the Bitcoin price? Hit 60k now 

I just find it amusing that in a world where the proponents of crypto tout it as a technology that is going to change the world, its the prices changes that drive so much of discussion.  

EDIT: Not scientific, but ChatGPT says this (based on a model that is a few years old).

You
If you were to review an online forum about bitcoin, what percentage of the chat would be about the price rather than anything else?

ChatGPT

It's difficult to provide an exact percentage without specific data, as the composition of discussions can vary widely depending on the forum, its members, and current events. However, in many online forums about Bitcoin, discussions about price tend to dominate, especially during periods of significant price fluctuations or when there is increased media attention on Bitcoin's price movements.

That said, there are usually still substantial discussions about the underlying technology, such as blockchain technology, mining, scalability, security, and various developments within the Bitcoin ecosystem. The proportion of price-related discussions versus technology-related discussions may vary from forum to forum and can also depend on factors like the overall sentiment of the market at any given time.

A rough estimate might be that discussions about price make up a significant portion, perhaps around 60-70%, while discussions about the underlying technology and other aspects of Bitcoin make up the remaining 30-40%. However, this is just a general estimate and could vary widely depending on the specific forum and circumstances.

It's a good answer actually. As you might expect from a super smart computer.

Is it a currency, a commodity, a store of value, a new technology about to conquer the financial world?

Could be all, could be none I guess.

Digital gold for me right now and the narrative why it's going up in value is one that makes sense, right now. Hence I'm posting about the price and have been since $20k or whatever it was 300 pages ago.

Some Blockchain being a global settlement layer is a long way off imo but the tech is new and some very smart people are building new things every day. 

These questions are what I find interesting about crypto. But, I guess it takes effort to really understand it, and its a lot simpler/easier to talk about the price, and for those that want to gamble invest, it's probably a better opportunity that the horses.

silvercue

Just a few % from all time high!

Ahead of schedule too.  

Halving still not until April.  Could see $100k this year

joep2

It’s still not backed by anything, unlike Meta which has millions of user profiles.