Bitcoin price 040124
Bitcoin fell -3.6% to $43,653
since my last update three days ago.
https://bitcointicker.co/stamp/btc/usd/3days/
Latest Block: 824,431
"A total of 1,105.11 BTC ($48,263,398) were sent in the block with the average transaction being 0.3908 BTC ($17,067.40). Unknown earned a total reward of 6.25 BTC $272,956. The reward consisted of a base reward of 6.25 BTC $272,956 with an additional 0.6634 BTC ($28,972.65) reward paid as fees of the 2,828 transactions which were included in the block."
There were some highs this week
https://bitcointicker.co/stamp/btc/usd/7days/
so some lows are expected.
https://bitcointicker.co/stamp/btc/usd/3Mth/
The past 3 months has been a ride, but a quiet one at that.
The Mayer Multiple is 1.35 Today
https://charts.bitbo.io/mayermultiple/
The price of BTC on July 1st, 2022 was $19,407, and today it is $43,705.
93% of all the BTC have been mined already, just 1,409,788 BTC remain to be mined until the end of the century. After the next halving this April there will only be 1,312,500 BTC remaining. For 8 billion people, this is 0.00016406(25) <- Sixteen thousand four hundred six point two five satoshis, each. $7.16 USD today. Each person on Earth can have their piece of the Bitcoin pie for pocket change.
CoinMarkets.Today shows us that BTC is 49.2% of crypto market cap today.
https://coinmarkets.today/
16,406 units of Bitcoin: Peer-to-Peer Electronic Cash. "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution"
We are not supposed to be 'selling it' for currency, it is supposed to be the currency.
Once the Block Rewards finish, the miners are expected to survive on fees alone.
This will be a problem for the people of 2140 to solve.
Imagine being on Mars waiting for your transaction to confirm!
https://bitcointicker.co/stamp/btc/usd/1hr/
At $43,733 USD, this is still the price discovery phase where buyers and sellers aren't sure how much their Satoshis are really worth. Are they $43,795? Or $43,563? Basically 0.1% change this hour means its finding equilibrium, you can find your strategic entries and profitable exits if you have patience. Or you can HODL like me, and just Watch what is going on.
https://bitcointicker.co/stamp/btc/usd/AllTime/
Is Bitcoin worth $196? Is it worth $67,533?
Or is it worth $43,768 USD? Is it worth $437,680?
Will BTC reach a Million Dollars by 2027?
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