@johnarb where's all the cheerleading? This could be a continuation if price breaks out to aths....if not then I'll see you in October.
I'm not very familiar with Ric Edelman, but I was watching a YouTube podcast on bitcoin earlier and it was mentioned he's a very well respected investment manager Mr Edelman is recommending up to 40% allocation to bitcoin (crypto) now, which is much higher than 1% as he said in the past
Why are you sharing this nonsense? It's the opposite...it's more like 1% now lol. The time to allocate 40% to bitcoin was circa 2017-2018 before or after the runup... Same $78,400 investment (40% of $196K net worth avg) if bitcoin doubles in price: Price|BTC|Value $8K|9.8 BTC|$2,136,400 $109K|0.7193 BTC|$156,807
When I made bitcoin transactions before 2017, I've sent 5 btc's in 1 transaction without hesitation nowadays, if I have to transfer 1 or more btc, depending on where the final destination of the, the most amount would be 0.25 btc, this could involve intermediary wallet addresses I control, for privacy and security words that don't mean to anyone else, but in simple terms, 1 btc transfer could take several hours, due to confirmations (number of blocks) requirements of counterparties 2 bitcoin could easily take a couple of days, as life happens, i.e. family plans, meals, sleep, etc So if a whale performs a 10,000 btc in one transaction, no test transactions beforehand, it means he/she has a lot more bitcoin in 2011, I do not believe the wallet addresses supported change addresses, tl;dr warning, if this was me, I'd sweep the private key (or send the whole amount) to one of the latest versions of Bitcoin core and start sending splitting out to 1,000 btc utxos per address or 500 btc worth mentioning that it's been discussed in the past since I came into bitcoin that there is a possibility of a bit-flip during a bitcoin transaction, which means a private key may become corrupted, and the bitcoin lost forever which is why it makes sense to not have too much bitcoin utxo amount in any single address bit-flip theory is not something I've actually heard has happened tl;dr, $1B+ bitcoin transaction, who could it be, worth very little in 2011, never touched, perhaps this guy?
Just more reason to shift everything into ETFs. Holding raw Bitcoin gives you all the risk — lost wallets, forgotten seed phrases, hacks, bit flips — with none of the practical benefits. Meanwhile, Bitcoin ETFs offer: Seamless trading Built-in tax reporting Broker-level protection Full compatibility with estate planning and registered accounts So what’s the actual upside to self-custody? Don’t say “Not your keys, not your coin.” If the government wants it, they'll get it — whether through an unrealized gains tax like Denmark or an Executive Order 6102-style seizure. You’re taking on all the risk for a false sense of security.
OMG... yes... it could be Ross... makes total sense. When I saw it, I always worry about some kind of quantum attack. It makes sense to go after these initial coins because they probably are lost anyway. But you also don't want to touch Satoshi's known coins because that would create too much panic. The bit flip thing happens from what I hear up in space. Astronauts experience it, and I think these days, their computers are shielded, but it is possible for that high energy particle to make it down to earth and flip that bit on a storage device down here.
Attacking old legacy addresses makes sense, because some may have been generated using very weak entropy methods or none at all, of example, there were bitcoin stored in the address that the private key is 1, or 888, or some very low numbers, There was a website that could generate private keys using simple phrases, a chorus from a song, or a saying, and again those bitcoin were easily swept from those addresses There are still active scripts out there running on a VPS or home server that are watching these addresses ready to sweep any bitcoin that is transferred to those addresses cosmic rays or a neutrinos could easily penetrate the atmosphere but they are not supposed to interact with atoms but who knows a sudden burst of energy on a single transistor could flip the 0 to 1 or vice versa? I remember those discussions which I thought these people must have thousands of bitcoin because they were that paranoid, anyway some of the risk mitigation efforts involved using ECC memory which were used on server hardware, but they were cheap to buy, corporations discard them for waste and sell them by the pallets All I wanted was to have 210 bitcoin to make myself be 1 in a million that will ever exist which might as well have been 1000 since $21,000 and higher was not possible, but then when I looked back, shoot, maybe I could have borrowed that, family, friends, credit cards, personal loans, whatever means, if only I believed in bitcoin then as much as I do now... of course I could have done it if I invested 1-2 bitcoin during eth pre-sale