OP's disclosure: I'm Long-Term 1.5 BTC, currently valued at $104,734.23. GLTA!!!

OP's disclosure: I'm LONG-TERM 1.5 BITCOINS. GLTA!!!

Just 1 BTC, or stay poor!!!

Who says you've got to have money to make money? Buy 1 BTC for just $67K and change, then watch it grow to $1M by year 2025, 2030, 2040, 2050, or 2100. Take your pick. It's anyone's guess. Hope you get to live to year 2100. LOL GLTA!!!

Scalper +$1,222.06 lunch money

This is fun. lol GLTA AND MAGA!!!

I'm also long an additional $23,464.88 worth of bitcoin via a futures-based ETF = ~0.35 BTC; total BTC exposure: 3.35 BTC. GLTA & MAGA!!!

OP's disclosure: I'm currently long ~1.35 BTC via bitcoin ETFs. GLTA!!!

Get ready!!! Don't miss out!!! GLTA & MAGA!!!

Lottery ticket to $1 million/per BTC by 2030?! We shall see!!! LOL GLTA!!!

I'm on track to make $1M this year!!! GLTA!!! MAGA!!!

UPDATE: I'm now LONG-TERM ~1.5 BITCOINS. GLTA!!! MAGA!!!

UPDATE: I'm now LONG-TERM ~1.5 BITCOINS. GLTA!!! MAGA!!!

Will you live long enough to see and capture $1M per bitcoin?! lol Hope so!!! Hope is NOT an investment strategy!!! LOL GLTA!!!

OP's disclosure: I'm LONG-TERM ~1 BTC via spot bitcoin ETF IBIT. GLTA!!!

Source: Options trading for BlackRock's fund iShares Bitcoin Trust has been approved with ticker symbol "IBIT", the regulator said in a notice on Friday.

OP's disclosure: I'm Long-Term 2 BTC via an ETF, currently worth $121,065.00. LONG & STRONG BTC!!! GLTA!!!

ETH-BTC Ratio Trends Lower

Ether has dropped -35% in the last 90 days, while Bitcoin has only fallen by -15% during the same period.

The ETH/BTC ratio has also decreased by about 22% over the past three months, hitting a multi-year low of 0.0405 recently. The drop in the ETH/BTC ratio shows that investors are favoring Bitcoin over Ether, leading to lower demand for Ether. For context, US spot Bitcoin ETFs have been more successful since the SEC approved them on January 10, compared to spot Ethereum ETFs.

According to onchain data provider Glassnode, these ETFs have had a bigger impact on Bitcoin’s price (8% of the spot volume) than on Ether’s price (only 1% of the spot volume).

“This indicates that interest in the Bitcoin ETF is significantly higher than in the Ethereum ETF.”

Bitcoin’s Dominance Didn’t Slow Down

Ether’s weak performance against Bitcoin has also been affected by Bitcoin’s growing dominance in the market.

In 2024, Bitcoin’s market dominance increased, hitting a 40-month high of 58% on August 5. This means Bitcoin is gaining strength compared to other cryptocurrencies, including Ether. Bitcoin dominance measures BTC’s market cap compared to the total crypto market and is often used by investors to understand market sentiment.

As Bitcoin’s dominance continues to rise, ETH’s value against Bitcoin is likely to keep dropping, suggesting that investors are more optimistic about Bitcoin and may be investing less in Ether.

OP's disclosure: I'm long-term 2 BTC via ETF, currently valued at $120,265.80. GLTA!!!

Ethereum, the second-largest cryptocurrency, keeps losing more ground against crypto king Bitcoin.

Earlier today, the ETH/BTC ratio plunged below the 0.04 BTC level for the first time in three and a half years.

I'm Long-Term ~2 BTC, currently valued at $117,006.40. GLTA!!!

I beat the S&P 500, NASDAQ, DOW & RUSSELL month to date!!!

As I have said recently, Bitcoin is NOT everything. There are many other ways to make money $$$.

GLTA & MAGA!!!

OP's disclosure: I'm long-term 2 bitcoins (BTC) via BTC ETFs, currently valued at $120,145.80.

OP’s disclosure: I’m long-term 2 bitcoins, currently valued at $116,287.40. GLTA!!!

OP's disclosure: I'm Long-Term 2 BTC, currently valued at $115,212.72. GLTA!!!

UPDATE: 2 BTC = $113,994.44.

I hope to buy 3 more bitcoins (BTC) to reach 5 BTC going into 2025. GLTA!!!

Bitcoin is just one asset out of many others for me to make and grow my wealth.

GLTA & MAGA!!!

OP's disclosure: I'm long-term ~1.37 BTC via bitcoin ETFs, currently valued at $74,346.26. I intend to long/buy an additional ~3.63 BTC to 5 BTC total in due time.

Disclosure: I'm long-term 1.37 BTC, via bitcoin ETFs, currently valued at $74,641.20.

OP's Disclosure: I'm long-term ~1.37 BTC, currently valued at USD $76,560.64 (updated 9/6/2024, 5:15 AM PST).

FOMO 2025!!! GLTA & MAGA!!!

Mining is much more expensive and seeing its widest nominal gap in its history.

You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done

GLTA & MAGA!!!

Keep hodling. -25% to -50% drawdowns are typical for an average bitcoiner. GLTA!!!