Bitcoin breaks $57,000 as big buyers circle

Rueters ^ | Reuters

[NoLibZone]

SINGAPORE, Feb 27 (Reuters) - Cryptocurrency bitcoin hit a two-year high above $57,000 in Asia trade on Tuesday on signs of heavy institutional buying, while smaller rival ether topped $3,200 for the first time in two years. Bitcoin has rallied more than 10% in two sessions, helped by a Monday disclosure from crypto investor and software firm MicroStrategy (MSTR.O), opens new tab that it had recently purchased about 3,000 bitcoins for an outlay of $155 million. The original and largest cryptocurrency by market value has also been buoyed recently by the approval of bitcoin-owning exchange-traded funds (ETFs) in the United States. On Monday, trading volumes in several of the funds spiked and crypto-linked firms rallied too, in contrast to nervous broader markets.

[NoLibZone]

Bitcoin moves.

But as you know it’s those moves that offer opportunity.

I don’t have anywhere near the trading knowledge you do.

I still made significant money,

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“Bitcoin moves.”

It sure does.

I liked the “investapidia” article ... pretty clear and has a great acronym ...
POW ...proof of work
I love acronyms ....like WAM ... wild @$$ move

“halving” looks like it's designed to curb dilution, more along the lines of insider buying than a reverse split.
Upward price pressure would be expected ..
I should probably go back and check the history of the “halvings”..... or
somebody who already knows could just tell me 8-)

How far away are we from this next “halving”?

To be honest ... I still don't even understand what the heck a “bit coin “ is....
They are “mined” .... some sort of number/equation ..?
There is a limited number of them ... and they are hard to find .. but what the heck is it?
Feel free to poke fun and ridicule .... just keep poking me in the right direction.

thanks

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sorry about the double post here but
I wanted to ping jumper to my questions ...

thanks for the latitude ....

thanks guys for the info, links etc....

...... so coulda ... shoulda .... woulda....
better late then never...

now ... about that “halving” thing ... when do you think we will be seeing that?
...and the options on the etfs..?

[NoLibZone]

https://bitcoinhalving.info/

You would understand this guy.
He’s a PhD in nuclear engineering.

So he’s very good at math and statistics.

https://youtu.be/PyLdrN72MWA

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” understand this guy”

ha ha ... don’t under estimate my ability to be confused ...
pretty good chart guy there, I like the way he connected the moves to some of the other indicators.
some chart guys just sort of say ...look this line goes up ..

O NO .... IBIT 32.54 ...I’m red again ..

“I hope it goes up again .. I need to pay rent friday!”

.... yes ... I actually had a guy say that to me once ...

and hay .... that count down clock is great ... book marked

[Jumper]

If you have a coinbase account, they posed some news on the trail over who created BTC. The article describes the back story of the creation of BTC and the purposes, assumptions, of creating a limited global Asset. The claiming to be the inventor of BTC is lying - going back to 2008 the inventor(s) proclaimed they wanted no publicity or wealth from its creation.

https://www.wired.com/story/craig-wright-trial-bitcoin-royalty-testimony/

Since 2020, the network participants validating transactions have been awarded 6.25 bitcoins (BTC) for each block successfully mined.

The next halving is expected to occur in early-to-mid 2024, when the block reward will fall to 3.125. Over time, the impact of each halving will diminish as the block reward approaches one satoshi. There are 1M satoshis per BTC.

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“coinbase account, “

no ... just the etf ...so far

I still can’t figure out what a bit coin is .
If I owned a bit coin could I put it on a thumb drive?
Could I see a file name ?
What would I see on a hexadecimal scan?
It has to be a something ... if it writes to a drive... you have to be able to see it ... so what the heck is it?
what if I printed it out ..?