Isn't it astonishing that someone who bought $1 worth of Bitcoin in October 2010 would own $1 million in 2024?Isn't it even more absurd that someone who bought it four months earlier would own $4 million?Does anyone know exactly how Bitcoin's suppl

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Chud wk7V4K9n 11/09/26 (Mon) 10:17:07 №4330256 [Quote]

Isn't it astonishing that someone who bought $1 worth of Bitcoin in October 2010 would own $1 million in 2024?

Isn't it even more absurd that someone who bought it four months earlier would own $4 million?

Does anyone know exactly how Bitcoin's supply and demand for the US dollar was measured before the USDT coin was issued?

What exactly constitutes demand for a fiat currency? No bank or institution recognized it, yet its price reached $300.

Chud wk7V4K9n 11/09/26 (Mon) 10:19:23 №4330262 [Quote]

And yes, I used AI for the translation
don't judge me

Colorjak 11/09/26 (Mon) 10:20:31 №4330264 [Quote]

I mean you're completely correct. No comment needed

Chud r9y62zgw [VPN] 11/09/26 (Mon) 10:22:03 №4330267 [Quote]

Enough people came together and agreed that it was just to appraise it at that value therefore it's the standard price that the people who weren't there in the room for that conversation have to pay per unit. This is done for every stock (which is why stocks are mostly a meme and caring about the color of the goy squares is gay).

Chud wk7V4K9n 11/09/26 (Mon) 10:25:06 №4330274 [Quote]

>>4330264
I mean, it's weird
I searched online, even on Bitcointalk.org.
>How is the price calculated?
Well of course supply and demand saar!
How is supply and demand calculated? Before USDT, how could you say that a transaction was essentially a buy or sell order to fiat?
Bitcoin started as a decentralized currency and wasn't accepted by any exchange.
All buying and selling was done through wallets, yet the price of Bitcoin reached $300 due to price fluctuations between wallets.
There's something really strange about this.

Chud wk7V4K9n 11/09/26 (Mon) 10:28:27 №4330285 [Quote]

File: 1670550771035545 (1).jpg 📥︎ (16.4 KB, 320x310) ImgOps

>>4330267
Who are these people?
What is the underlying network of Bitcoin, and how does it determine that one transaction is a sell order and another a buy order?
If my theory is correct, buying and selling Bitcoin is easier than you might think.
I remember seeing a video of someone chink exchange and they were counting down before the dump of Bitcoin back on the cuck

Lebanigger!!DmOViibZok 49TDqwpE 11/09/26 (Mon) 10:28:52 №4330286 [Quote]

It's scarce so we arbitrarily set a price for it like all things

Chud r9y62zgw [VPN] 11/09/26 (Mon) 10:38:48 №4330303 [Quote]

>>4330285
Bitcoin's price is decided by whatever the buyer and seller can agree upon through bidding (buyer demanding he should pay his price) and asking (seller demanding a certain price be paid). The price you might see on say a search result on Google is reflected in the fluctuation of what buyers and sellers agree to trade for, but really the change in Bitcoin's value is happening boots on the ground between the traders

Chud wk7V4K9n 11/09/26 (Mon) 10:40:21 №4330306 [Quote]

>>4330303
Ok.
Now, before the exchanges, how could one simply know what is a sell or a buy order? it was only wallets transactions.
How can you tell what transaction is for a buying or selling?