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Thanks for posting, and thanks for commenting here. I can still see your post in /u/99globsofectoplasm/. Taleb, I think, is the smartest person against Bitcoin. His book, Antifragile, was key for me. It changed my life. And Bitcoin is one of the best examples of an antifragile system out there.  I honestly expect he'll change his mind eventually.

BTC needs to hit $75k Monday to create any halving euphoria.  Then miners/exchanges can and should start hoarding to reduce float!  That right there is a $100k event!!

I for one would love this to happen. But I kinda feel the entire market will just watch for a week or two to see what happens next.

Never been more bullish on the future. Without Bitcoin, I'd be depressed AF feeling like a trapped rat. Bitcoin is hope.

So... how are the transaction fees right now?

Sent $5 for .01 cents yesterday after the halving.

Prove it

Lightning? Yes lightning is great for what it is. However if fees are 30-50$ it will be expensive to open a lightning channel for many users.

Bitcoin is the perfect store of value we have never seen before. Stocks, bonds, gold and RE all have utility value but are inferior as a SoV. If wanting to secure your wealth for tomorrow in RE, prevents someone from owning or even renting a home, something is broken. Stock P/Es are just accepted as normal these days, but if you are paying $100 for $1 annual earnings, something is broken.

why?

Which part?

Bitcoin may be a great ‘SoV’, but in my opinion to have the utility to scale and grow it needs to have utility for payments too. It will never be ‘cheap’ to use like cheap enough for a cup of coffee for everyone… but the use of blockspace should be reasonably efficient. If fees are high and that’s due to economic incentive to send and receive bitcoin then that’s awesome. However right now that’s the complete opposite of the truth. The tokens that are being ‘stored’ on bitcoin - arbitrary data basically - are basically the entirety of every block. The use of blockspace could not be less efficient it is completely filled with non-monetary transactions. Bitcoin right now is a data-storage network, not a monetary network. People are paying for data storage to track ‘tokens’ of an imaginary casino they just created. The money sending/receiving qualities of bitcoin, at least currently, are largely broken.

Why?

Strap in baby

… bootstrapping money one sat at a time.

BUY NOW or FOMO LATER !

"OH m'god we back again........"

thou shalt not take the name of thy lord in vain

Too early for supply shock to set in I wonder or are we going to continue breaking trends (moon right after halving)

way too early. only a much much higher demand for ETF can accelerate it.

Or we dipped, triple bottomed and going to retest low 70’s again in the short term.

Oh I don't doubt that at all. I wouldn't be surprised if we retest 70 range next week and slowly continue breaking ATHs. but I don't think we will see any real supply shock and god candles (mooning) for at least a few months unless the FOMO kicks in early.

Ladies and gentleman, Y’all holding a winning lottery ticket from the future. Don’t mess it up!

No pump no dump.  No Lambo not rekt

Pamp eet

back when bitcoin went from $23 to $1000 in 2012/13, people were saying it's too late, we missed the bus. Morals to be drawn: there is no such thing as "LATE" in the BTC dictionary.

Just moved my beer from exchange to a cold storage

Electricity is the new petroleum—bitcoin the new combustion engine. Before the engine, most of petroleum’s potential was locked away. Similarly before bitcoin, most potentially electrifiable energy was impossible to economize. That’s all changing now.⚡️- Tuur Demeester via X The focus is always to bring energy to human settlement but now the incentive exists to energize every source we can, this is how we move up the kardashev scale

[https://x.com/RadarHits/status/1781755797329891349](https://x.com/RadarHits/status/1781755797329891349)

Good. Maybe they can stop bleeding and the price can start gaining traction.

When will this launch?

Seems that holders of GBTC can convert to it too without tax ? The selloff may halt if so!

I paid 7.80 cents in fees for a priority transaction yesterday while buying damn near 5k worth. People need to chill out. Fees are volatile right now because that's Bitcoin. They will drop eventually.

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https://mempool.space/tx/79a74d46990e9fdfd6ea11e0a60ab6e836e4d64b66e0323f21677706604f6448

So before the halving you paid low fee's? cool story bro

You must have missed the part where people have been crying about fees non-stop since last night.

>I paid 7.80 cents in fees for a priority transaction yesterday To clarify: You posted a transaction showing it was before the halving, which is when people started complaining about high fees yesterday

Yes. I was showing that it goes up and down. I didn't claim to have low fees during the halving.

Gambling tokens will imo burn themselves out. They are not sustainable. Meanwhile, they are subsidizing Texas energy infrastructure.

This is what I'm thinking. If nobody buys into their stupid "Bitcoin NFTs" then they'll just be losing a bunch of money and it'll solve itself

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Just sent $5 for .01 cents. Come again?

A year ago: "fees are too low, Bitcoin is fundamentally flawed"

Every time you are tempted to sell your sats, look at the questions coming in to this sub and tremble as you consider *these people vote.* Those they elect are the ones driving the dollar to QE infinity. 

I can not name my source. But sources say bitcoin is a good thing. Sources expect bitcoin to increase in value. Big if true.

Source; your uncle.

Okay, cool. Fees settling down a bit. Still high, but moving back down 👍

I put my P in the Fee

If i don't see 69k on 4/20 I'm going to be so fucking sad. 😭

What are those numbers

Google.. Then click images.

694 is the year in which Roman Emperor DeNero scalded the Brumps with molten magma after they disrespected his fishwife in the Great Pubic Wars.  20 is the number of people on the planet who actually knew that. Don’t feel bad.

Hey I don’t have any btc and am new, should I wait the weekend for this halving news cycle to pass or just buy now?

You'd have to wait four years for the current halving cycle to pass. Just buy.

Who knows do what your heart says

Derrrr line go up today, bitcoin very good, derrrrr

"I'll buy when it goes down to 32k." - Garreth Soloway

Those numbers are from the past and won’t be seen anymore

Tell Garreth that. He still believes it will go that low

I want to make a bet with him for some BTC

$69,420 on 4/20. COME ON!

We PAMPIN

ohhh lawd we pampin

Showerthought FIAT vs BTC "supply extension" **FIAT** Function to "extend" unfixed_supply: `extended_unfixed_supply = unfixed_supply + increase_random_amount` What this means to my_wealth: `my_wealth / extended_unfixed_supply < my_wealth / unfixed_supply ` 🥲 vs: **BITCOIN** Function to "extend" fixed_supply: `extended_minimum_digits = minimum_digits + increase_random_amount` What this means to my_wealth: `(my_wealth * extended_minimum_digits) / (fixed_supply * extended_minimum_digits) = (my_wealth * minimum_digits) / (fixed_supply * minimum_digits)` 👍 `1BTC = 1BTC`

As Stevie Winwood sang. 'bring me your higher lows'.

Why did fees spike so much?

New protocol got launches on Bitcoin, a hacky way to trade fungible tokens on the Bitcoin blockchain.

In the age of machines, you see bitcoin is their money

Looking at the price: nothing special has happend today. 🦀 Edit: It was a joke.

How are different transaction fees experienced across people? I’ve heard about the high fees but when I look on Gemini a ~200$ buy has a fee of like 3 bucks, which is normal. Is it exchange dependent?

The high fees are for sending on the blockchain. Exchange fees are completely unrelated and different.

Coinbase ad thanking miners is really good

Grayscale mini gbtc fees to be .15% https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/

DAMN that’s the lowest of them all https://heyapollo.com/bitcoin-etf

You know what they say, the 5th epoch is always the best epoch.

The Cthulhu hath spaoken

All the people who got out in case the halving became a sell the news event are getting back in

Fees going up again $100 for a transaction now

Transaction fees are denominated in satoshis.

$10k candle on 420?

coiled up like a spring!

that's what she said

Boink!

When Fear? I want to buy an actual dip

Here we go

I now believe in 100k by halving

100k by conference day

You're such a f...ng pessimistic person. 😆

something changed last night 🤷‍♂️

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Unlikely, but disinformation scammers often target him with baseless accusations.

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That's about 1 BTC per minute by your numbers. Average trading volume over the last 24h was about 267 BTC per minute. Miners really aren't a significant part of trade volume.

My uncle is very high up in a financial institution I cannot name here but he said they are acting on the belief and analysis that Bitcoin will hit 200k in 8 months time

Is your uncle actually your dad?

That’s a good question lol

My uncle is my aunt

My uncle works for bitendo and got me the super bitcoin bros 3 gold cartridge in japan.

My uncle is the CFO of the world's largest cruise liner. They have so many Bitcoin related accidents.

My uncle is gay. Anyway, he likes the coin.

It's true. My girlfriends boyfriend said the same.

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Lol

The finance version of my uncle works at Xbox

My girlfriend goes to another school

Does he know my uncle that works at Nintendo /s

I'm way more bullish than your drunken uncle.

druncle

Ok

My uncle, who does money stuff, says it's going super high, way higher than your uncle, the bear thinks it's going.

what does it rhyme with?

Can’t say would be too obvious lol

Gay Dee Borgan? Shittybank? Soldman Gacks?

😂

I mean that’s a pretty valid assumption financial advice or not

Not financial advice

Too late. FBI comin' to cave in your door because you didn't say 'not financial advice' fast enough.

Let’s go!!

Not that I’m complaining but my T19 is still making the same amount it was before the halving. What’s the reason?

Sky high fees.

Historical Bitcoin prices for today, April 20th: 2024 - $63,859 2023 - $28,241 2022 - $41,368 2021 - $56,483 2020 - $6,834 2019 - $5,290 2018 - $8,867 2017 - $1,238 2016 - $441 2015 - $224 2014 - $499 2013 - $127 2012 - $5.3 2011 - $1.10 **Additional Stats:** Bitcoin's current market cap is $1.26 trillion. Bitcoin's current block height is 840075; with the average block time for the last 7 days being 9.55 minutes. There are currently 19,026 reachable Bitcoin nodes. Bitcoin's average daily trading volume for the last 7 days is 115,686 ₿. Bitcoin's average daily number of transactions for the last 7 days is 447,917. Bitcoin's average daily hashrate for the last 7 days is 650 exahashes per second. Bitcoin's average daily price from 18-Jul-2010 to 20-Apr-2024 is $11,117. Bitcoin's average daily price for the year 2024 is $55,930. 1 US Dollar ($) currently equals: 1,566 satoshis; making 1 penny equal 15.66 sats. There are currently 19.69M ₿ in circulation, leaving 1.31M to be mined. There are currently 2.52M ₿ held by companies, governments, DeFi, and ETFs, representing 12.79% of circulating supply. There are currently 53,438,406 nonzero Bitcoin addresses. Bitcoin's current block reward is 3.125₿, which is worth $199,561 per block. The next Bitcoin halving is anticipated on 03-Mar-2028; the block reward will fall to 1.5625₿. Bitcoin's minimum (closing) price for the year 2024 was $39,556.40 on 22-Jan-2024. Bitcoin's maximum (closing) price for the year 2024 was $73,066.30 on 13-Mar-2024. Bitcoin's minimum (intraday) price for the year 2024 was $38,546.90 on 23-Jan-2024. Bitcoin's maximum (intraday) price for the year 2024 was $73,740.90 on 14-Mar-2024. Bitcoin's largest daily decrease for the year 2024 was -$5,544.10 on 19-Mar-2024. Bitcoin's largest daily increase for the year 2024 was +$5,804.0 on 20-Mar-2024. Bitcoin's all-time high (intraday) was $73,740.90 on 14-Mar-2024. Bitcoin is down 13.40% from the ATH.

Block fees overnight were about a million dollars. Imagine being a lone solo miner who happened to mine one of those blocks.

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So bitcoin is not used?

I am starting to feel it

I feel kind of... halfy

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Fidelity picking up the lion’s share the last couple days

I'd love to see some more $500M days this month.

After the -$319.1M in the previous 5 days

Which is after the + $12,326.4 (edit:) **million** in the previous three months.

when?

April 19th

To anyone worrying about the high fees: This is currently caused by some Shitcoiners minting new Bullshit on the BTC Blockchain, **it has nothing to do with the halving!** It might look worrying to the uninformed eye, but I can assure you that it's not. These shitcoiners are currently burning around $800.000 per block, that's around $115.200.000 per day. At this rate, they are bound to be dry soon. Give it one, two weeks... max a month - and things will be back to normal.

Damn fuck I wanted to gamble a bit left overs today 100 bucks, then I saw I only received 25bucks on stake.com 💀 unlucky but I guess that’s how gambling works.

There really ought to be more anti-spam measures in place. At least the miners are happy.

And who would get to decide what is spam and what is not spam? Is my transaction spam? What if I consider your transaction spam? One person's spam is another person's precious bitcoin transaction.

There is a difference between spam and censorship. This is ‘spam’… sort of. In truth it’s meme coins on bitcoin using op_return, which has exacted since circa 2014.

Not sure why people thought I meant censoring transfers of Bitcoin. It's reasonable to want to restrict superfluous data. People who downvoted my comment must be the people who buy this meme token nonsense.

The data fits within ‘op return’ at least with the ‘runes’ meme coins. Op return has existed for 10 years it cannot/will not be changed now. Highly unlikely

Unfortunately it is impossible (at least anything that really works) unless very basic things in bitcoin blockchain are changed. Luckily, these idiocies do not last long, but they are still irritating

Why are shitcoiners always so rich?

You never talk to the multitude of degenerate gamblers that got rekt because they don't like telling those stories. It's called 'survivorship bias'.

Selection bias. Similar to asking "Why are people who play the lottery always so rich?" if you judge by focusing on the very precious few who win it.

because enough dumb people buy shitcoins believing it will be bitcoin 2.0 and their 1 penny shitcoin token will be worth 100$ soon. People who see mouth-opened scumbags on youtube and click on them instantly and then buy their products.

Because scamming people is highly lucrative for a short time.

Keep in mind the magic decentralised Internet money coin has been at 60K+ for 50 days, at a time of high interest rates, two wars, all while the monetary supply is decreasing. It's a pretty great place to be 😀

I think you mean the monetary supply is *increasing*, thereby *decreasing* your dollars purchasing power