Bitcoin price 160924

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Bitcoin reached $60k yesterday so it's not surprising to see it drop a bit.

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Testing $57k, most people still don't have enough BTC.
0.1 BTC is $5,789.218 USD today, but at 1m is just 100k.

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If I want 100,000/year for the next 60 years of my life, I need $6,000,000, or 103.7 BTC. If the price of Bitcoin reaches 1m, then I only need 6 BTC or $347,353.08 today. So how can I get $350k USD?

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I need 20 million views on a monetized youtube account, or 70 million streams on Spotify. If I could earn an extra 30k per month then in one year I could buy 6 Bitcoins.

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But how much will a BTC be in one year? $200k? $600k?

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[historyBTC270721b1] Will history repeat? When BTC rose to 63k and fell to 29k, I asked.


I bought some BTC last December when it was $39,555.00 USD/BTC, but in Canadian it was
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$61,890.64 CAD !!

https://peakd.com/bitcoin/@darkflame/i-just-bought-some-bitcoin

Today BTC is $57,892.18 USD or $78,653.71 CAD, so the smallest amount of BTC you'll want to buy today is 0.001 BTC, for $79 plus fees. What a deal! One day, this will be.

Every $10 of BTC bought in 2019 is now worth $500.

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Did history repeat? That unexpected double-top in late 2021 wiped out a lot of people.

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https://bitcointicker.co/stamp/btc/usd/AllTime/

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Since August 2023 the price has just gone up.

Support is also rising after the last Dip to 49k in August 2024.

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https://www.bitget.com/trading-bot/spot/BTCUSDT

$57,839 USD on 160924

Do your own research, these are just observations over time.


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12 comments
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Bitcoin had a very nice pop today.

I’m hoping we hit $100,000 soon.

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Agreed I think we all might be surprised in the coming weeks. I gotta get to the BTC machine today!

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(Edited)

Happy I’m earning lots of Bitcoin with a few good faucets and my little BitAxe Miner running on 10 watts of power. Built here in Canada.

https://d-central.tech/product/the-bitaxe/Ref/offgrid

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