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HOW BITCOIN AVOIDS DEBASEMENT
Bitcoin offers a permanent solution to this issue. Its supply is capped at 21 million, a number that is hard-coded and safeguarded by proof-of-work mining and a decentralized network of nodes. Thanks to its decentralized nature, no single entity or government can control Bitcoin’s issuance or governance. Furthermore, its inherent scarcity makes it resilient to the inflationary pressures that are typically seen with traditional fiat currencies.
As a distributed system, Bitcoin users can ensure that the supply never deviates from the predetermined supply cap by running the software that downloads and validates the entire transactional ledger. By verifying every transaction in Bitcoin’s history, where every coin came from and where it went, users can be absolutely sure that the supply has not been debased and no coins were created that should not have been.
Full node software like this for Bitcoin is essentially a counterfeiting detection machine that anyone can run. It guarantees the supply is intact, that coins being spent were properly authorized, and no funny business is happening. Any Bitcoin wallet software can also ensure that no one can restrict your access to your own money.
In times of economic uncertainty, or when central banks engage in extensive money printing, investors often turn to assets like gold and bitcoin for their store-of-value properties. As time progresses, there’s potential for people to recognize Bitcoin not just as a store of value, but as the next evolution of money.
https://www.zerohedge.com/crypto/bitcoin-has-no-top-because-fiat-has-no-bottom-understanding-monetary-debasement
Support level next is 40.01, Resistance is 44.88. moving averages all say buy, Oscillators are mostly Neutral to Sell.
Hello IBIT good bye GBTC, management fees...
https://www.etf.com/sections/news/spot-bitcoin-etf-inflows-hit-one-day-high-over-1b
Bitcoin Has 6 Months Until ETF "Liquidity Crisis"
Ki: Bitcoin bears “can’t win” while ETF flows continue
Bitcoin as an institutional investment allocation is only just getting started, industry participants have said, as United States-based spot Bitcoin exchange-traded funds (ETFs) gain momentum.
Now holding nearly $30 billion, they have become the most successful ETF launch in history.
Mar 14, 2024
https://www.zerohedge.com/crypto/bitcoin-has-6-months-until-etf-liquidity-crisis
https://cms.zerohedge.com/s3/files/inline-images/bitcoin%20holdings.jpg?itok=OEw9bcvD
YEP.........but you have to check continually......+/- about .20¢.....but so far its pretty close......it serves no purpose other than to 'check' IBIT vs BTC
So 1 share of IBIT roughly equates to .0005697 of 1 BTC
IBIT Nears 200K Bitcoins With Latest Purchase
https://finance.yahoo.com/news/ibit-nears-200k-bitcoins-latest-120000649.html?fr=sycsrp_catchall
Wall Street big boys now own over 4% of the global supply of BTC
good group here!......I used to be really kean on IHUB back when! got fed up the arm chair quarterbacks with no skin in the game
multiply it......btc price x .0005697.......and you'll come up with the IBIT price +/- .20¢ or so.........i'm gonna be in it a while and sometimes i wont be at my computer and its a good way to double check pricing
Gotcha so dividing IBIT price by BTC to come up with the multiplier
Squid.........I used the multiplier to make sure that movement is on an equal basis........0005697 is the multiplier .......right now using 72,561 x 0005697 = 41.33 and the actual is 41.48.....and that's close enough for me.....lets use 100,000 x .0005697=56.97.........using 150,000x .0005697=85.45.......or thereabouts........again, close enough for me.....I think that muliplier is carried out more numbers than i care to put in......lol .00056975625 or whatever......
looks like a bunch of pinky players sometimes
ok thanks......we'll put it on the calendar
SEC pushes back decision to open up options trading on spot Bitcoin ETFs
https://cointelegraph.com/news/sec-delays-spot-bitcoin-etf-options-trading-decision
Mike too many whackos in crypto. I just float, and won’t be telling anyone my trades. I will say this ETF is one of the more safer ones. Never ever throw your pearls among swine, lest they trample on them.
lol, old age has taken its toll, somewhat..........you've been in this for a while?
I like the way u think Mike. It’s a good sign of good investment wisdom. If u don’t have tools u may end up like the fools.
The multiplier for IBIT is .0005697 x BTC price of 68,895....+/- .20¢ and you'll get IBIT price
actually if you want to carry it out all the way its : .00056975625
gonna be here for a while, thanks......hopefully, they'll have options up the road, too
ok we're in there, first buys 38.88 avg........hopefully, my kids & grandkids will cash out, lol
Will my bitcoin get erased during a solar flare or EMP?
call it 38.79 so far, BTC 68k.
some folks just pump, i am a technical and fundamental guy, crypto folks dont like anyone that understands either, they always post abstract useless info. Im glad this board is not full of them, and like it small.
55% in 5 weeks, I'm happy with the entry point thanks.
What's odd is your buddy doesn't know the difference between a futures ETF and a spot ETF maybe you can fill him in.
Relatively overvalued? That's not how open ended funds work, it's called trading at a premium. A few reasons why it currently trades at a premium
but I'm sure you know that
Not sure how you can correlate the # of posts here to interest in IBIT, check out how much Bitcoin BlackRock owns.
Have fun trolling, lmao
Hey.....Excellent trade entry there Snr. Squidster but
Wow......Only 79 posts on IBIT Board thus far. and almost all of 'em just only by you an the trunkster ?......
Why, shouldn't that strike one as being rather odd ?
Anyways, this is what IBIT would look like if it had a longer history
But what I don't get is........
Shouldn't thoses ETF's currently be hovering slightly BELOW Bitcoins' ATH ?
I wonder if it's possible for the ETF's to become "relatively" overvalued.........
Or relatively "over-pumped".......
Judging fro the lack of posters here on this board AND the low volume seen in the Canadian Spot , neither of the SEEM ro be overly flushed with investor interest....
If YKWIM
.
The correlation between IBIT and BTC will get closer to 1.0 as IBIT gets older.
https://portfolioslab.com/tools/stock-comparison/IBIT/BTC-USD
call it 38.9 so far, BTC 68.8k.
BlackRock and Fidelity Capitalize on FOMO From Bitcoin ETF Mania
https://finance.yahoo.com/news/blackrock-fidelity-capitalize-fomo-bitcoin-133000061.html
Soon to be the largest spot bitcoin ETF
https://seekingalpha.com/news/4074824-blackrocks-spot-bitcoin-etf-exceeds-10b-in-aum
🤘🤘🤘
Jumped in 30 days ago IBIT transferring wealth, to me.
Luv it!
32.6 so far today, BTC 57.25k
beware of sources, bias is extreme in BTC world. https://www.msn.com/en-us/money/markets/are-retail-investors-interested-in-crypto-jpmorgan-findings-differ-from-google-s/ar-BB1iMx95?ocid=msedgdhp&pc=U531&cvid=1f00fbf1ceef48479687ff239332d338&ei=13
However, this analysis stands in stark contrast to observations of surprisingly low public interest levels, as indicated by Google search trends.
According to Trevor Filter, co-founder of digital payments platform Flexa, retail investors tend to have more opportunities when the use cases become more clear.
Also be prepared when in any markets or own coins or ETFs, cyber attacks can make it difficult to use what you own or get what you need. this applies to banks as well. https://www.zerohedge.com/geopolitical/whos-behind-cyber-attacks
IBET and crypto bets....RTFs are a trade people, watch BTC futures, its everything you need to know about where IBIT and crypto as a whole are going. dont follow crypto news sites, they are completely bias. ETFs are a transfer of wealth, if you trade them you can score with them. monday should be a gap up for IBIT, trade well and you can retire long before 30 years in the market.
FYI, IBIT is not a way to buy bit coin, you can never settle you shares, or redeem with BTC, its a trading tool.
30 yrs of reading prospectus has served me and my clients well. Just keeping it real which is why I provide links in my posts.
Would be nice if all would educate themselves prior to posting especially those posting as an authority figure on IBIT. Start here:
https://www.blackrock.com/us/individual/products/333011/ishares-bitcoin-trust
https://www.investors.com/news/bitcoin-etfs-keep-almost-all-their-eggs-in-one-basket-is-that-a-bad-thing/
Read the prospectus "Backed by bitcoin held by the Bitcoin Custodian on behalf of the Trust"
https://www.ishares.com/us/library/stream-document?stream=reg&product=IUS-IBIT-J&shareClass=NA&documentId=2212465&iframeUrlOverride=%2Fus%2Fliterature%2Fprospectus%2Fp-ishares-bitcoin-trust-12-31.pdf pg.2
Good luck
Use ur 30 years of knowledge, u can do it, start with any commodity, work back to ETFs, IBIT is the same. If u can’t figure it out, that’s ok, u will see it sooner or later.
What do futures have to do with IBIT?
U done stalking me u clown? Guess not.
IBIT or other, U better do some homework on futures.
If IBIT and BTC go up and down the same exact percent that's a direct correlation.
WTF?
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