It’s pretty clear now Bitcoin’s officially on the Moon... with a market cap over a trillion, it’s right up there with the biggest stocks.
This is what folks have been dreaming about for generations, some waiting patiently, some not so much.
No other crypto has hit this milestone yet everything else is still stuck on Earth, or at least under its gravitational pull. It wouldn’t shock anyone if an altcoin just crashed down to zero.
We’re in a fascinating time. Let’s give it some recognition.
There are two kinds of Bitcoin investors, but both have reasons to celebrate:
1) The pioneers who jumped in back in 2009-2010 when Bitcoin was basically free and held on until it hit 100k USD they’re the true stars of Bitcoin’s rise.
2) Then you’ve got the later investors they stumbled into crypto, gradually figuring things out: first, they learned about "Bitcoin", then they started with small amounts, later they put in more serious cash, and finally, they realized Bitcoin’s true value and took advantage of that.
For the first group, the big win was the massive profit. For the second group, profit’s nice too (even random newbies could make bank with Bitcoin from 2009 to now), but the real growth was in understanding and that’s been like a mirror reflecting back at them.
Looking past just personal gain, this 16-year journey has taught us one big lesson: we know now that crypto assets exist and have potential.
Bitcoin has made it to the Moon. What’s it like? :P
19 replies 131 views
vault_alphaHero Member
Posts: 363 · Reputation: 2228
#2Aug 2, 2021, 05:49 PM
Are you for real? A poetry, right? It looks as if you are living in the future right now. Bitcoin has rose indeed, but it has dropped also from its ATH, so, no moon anywhere.
But hopefully, the next challenge buklsih launch should take higher than the current ATH.
No, I am talking about the big picture not pennies (120k, 80k or 160k is basically the same in this context).
The Bitcoin target value is achieved
https://falkvinge.net/2013/03/06/the-target-value-for-bitcoin-is-not-some-50-or-100-it-is-100000-to-1000000/
yield_moonFull Member
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#4Aug 5, 2021, 03:32 AM
Well it certainly doesnt feel like Bitcoin is on the moon right now to me. Were literally below the 2021 cycle high, when you take inflation in to account.
Equities are at all time highs, precious metals had a generational run and Bitcoin is struggling. I hope for much better in the years to come.
Its being that way for some good years now and the thing is, nobody really cares very much about that. How could you when, it doesnt mean you own that much or at least a Bitcoin. Still, its a place we use to mark the progress Bitcoin has made in a short time, compared to how long it took stocks and other niche of business to make that mark.
Yes, three-quarters (three orders of magnitude) of the journey had already been completed by the end of 2017.
The last quarter of the journey has been so smooth that I didn't even notice the moment we quietly entered the station in December 2024. But the fact is the fact.
Yes, we arrived at the station at the end of 2024. That doesn't make that fact any less important.
That's not true. You've been told that several times already.
Stop making a fool of yourself, will you?
But the OP has to come here to tell us what we supposedly hadnt realised. We can see the stock market hitting new highs whilst Bitcoin is going through the most disappointing cycle in its entire history.
You should have started the thread then, not now.
I expect much more from bitcoin, its not even mooning yet. With a new all time high, it could be said that bitcoin is on the moon but that could take longer than now.
The stock market is blooming but that is a different case with bitcoin, so how do you explain that bitcoin is on the moon?
We all know that the price of Bitcoin will be expensive and will go to the moon, so when it becomes more expensive, maybe we will feel a little excited, but we will not be surprised because I believe that the price of Bitcoin will definitely skyrocket. Because its demand is increasing but the supply will never increase, there is a fixed supply of 25 million Bitcoins, which is totally fixed. So it will not really surprise us if the price of Bitcoin skyrockets. But those who do not believe in Bitcoin or are not very worried about the future of Bitcoin, maybe they will regret it and at the same time those who do not buy Bitcoin now and hold it will regret it a lot at that time. But I will definitely feel good because I believe that this is going to happen.
Honestly, Bitcoin reaching this level despite all the global uncertainty, wars, inflation, economic struggles and political tensions shows how far Bitcoin has come over the years. Even with markets reacting negatively to global events and sudden announcements from world leaders, Bitcoin has still managed to stay strong and attract serious attention from investors and institutions. What makes it even more interesting is that many people once thought Bitcoin would disappear after every big crash, but today it is being compared with some of the biggest assets and companies in the world. Thats why long term holders probably feel proud seeing something that started as a small idea grow into a global financial asset.
Yes, it has been a great journey ! During the 16 years period from January 3, 2009 to December 5, 2024 the BTC price increased ca 100 000 000x fold: one satoshi at the end equals one Bitcoin at the beginning.
If we divide this 100 000 000x journey into pre-falkvinge 10 000x and post-falkvinge 10 000x and concentrate our attention to the last - because most of us had not heard the keyword Bitcoin before the post-falkvinge era - then we can divide this 10 000x fold journey into four quarters.
The first quarter ended on April 1, 2013 with BTC achieving 100 usd (1 year and 10 months from 10 usd), the second quarter ended on November 27, 2013 with BTC achieving 1000 usd (8 months form 100 usd), the third quarter ended on November 28, 2017 with BTC achieving 10 000 usd (4 years from 1000 usd) and the last quarter ended December 5, 2014 (7 years from 10 000 usd).
As we can see, achieving 10x with BTC has taken 8 months to 7 years.
Not yet for now, we're in a bear and that mooning will take years again for us to see. The basis is the last ATH of 2026 which was $126k.
Anything that's more than or higher than that price is a sign that it's doing pretty well. But to see that it's not yet back there, that moon won't happen yet.
I like the enthusiasm though and if it's compared to the past years pre-halving(2024) and bull run of the past years, it looks better.
Yes, I should have started this topic on December 5, 2024. Sorry for the delay. The only justification could be that the situation is basically the same as 1.5 years ago and therefore the point of my topic is still relevant.
maxi_alphaFull Member
Posts: 40 · Reputation: 289
#15Aug 9, 2021, 01:09 PM
It is true that the price of Bitcoin will skyrocket, because the demand for Bitcoin is increasing but its supply is not increasing, which is why the price of Bitcoin is rising. However, the possibility of the price of Bitcoin dropping to zero is very low, which would not surprise me if the price of Bitcoin skyrockets, because the further we move into the future, the more we will see the price of Bitcoin rising.
Because people around the world are now becoming more and more attracted to Bitcoin, the price of Bitcoin will increase more in the future and its use is also increasing day by day.
As a matter of fact bitcoin has always been on the moon, because it is the only reason why we all have cryptocurrency and also discuss about it, once you eliminate bitcoin then there is no other thing left in crypto, this is why there is more opportunities to discover about bitcoin adoption the moment you begin to gain more insights on how you could apply it used on diverse applications, to make you profitable.
vault_alphaHero Member
Posts: 363 · Reputation: 2228
#17Aug 9, 2021, 10:09 PM
Sure, I'm fully aware of what you mean, but how you painted it as if it has arrived there was the reason for my reply, especially why I likened your post to a poetry.
Well, Bitcoin can reach all those prices tagged by the link you added, but it's not gonna be as quick as many of you think, as a lot of time, I mean decades, is still needed.
viper_blockSenior Member
Posts: 205 · Reputation: 1216
#18Aug 11, 2021, 07:23 AM
Yes, this is a very interesting moment but the price is not
Bitcoin will go to Jupiter and not just to the Moon and that only a matters of time.
The feelings will be tremendous seeing Bitcoin breaks the last ATH but we need to wait for a while as the price now still at a low price. But although the price is at a low, we can buy and hodl till the time comes.
Everything is just going to take it own time and eventually, bitcoin will get to where it's meant to be and that's the moon. We've seen bitcoin remained stable for a long time, we've also seen bitcoin going down consistently for a longer time and eventually, there's always a bull that puts an end to it which is what will play out at the end of what we're currently witnessing.
Two things is involved for investors. If the price is down, buy the DIP and when the price is up, don't be afraid to continue doing your DCA. In the long run, only those that where able to take advantage of moments like this will stand to share positive insight of how far they've gone.
Come on Op what's your excitement that's triggering this news because I don't find any market signal that's soaring bitcoin prices to the moon according to your information. And besides market conditions is currently looking bearish.
Bitcoin on it own potentials is valued beyond comparison with any AltCoins be it in the evaluations of their global adoptions, market capitalizations and their potentials purposed as store of values.
And as the Topmost valuable crypto currency it has also played good store of global assets to be among first 10 of top global assets despites regulation barriers.
I can only say at this time that bitcoin is resilience.
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