BTCUSDT20221202P15500
Bitcoin / Tether USD Dec 2 2022 15500.00 Put
crypto

Congrats! :)
Def take a very long and clear minded look at your ultimate plan. Can you afford it lose this money? Can you afford to DCA and if so in what increments. Set up automation.
Do you have a cold storage wallet? Vital to proper storage for Bitcoin. Especially if you’re HODL’ing because this is a very high conviction, long game.
I have some building that goes to cold storage, but am considering doing all I do contribute to my BTC ETF holding. But that’s a personal matter, as well as some tax advantages and needed CSW upgrade.
Do your best to do automation things you can afford, don’t check everyday/follow specific news about BTC etc. you’ll drive yourself crazy!
Wishing you and everyone the best of luck!

The one which makes me money. I don't know why memecoins are frowned upon. BTC the biggest meme coin in the space is praised heavily..

We all know BTC will hit 100k again, so why worry?

💯...ETHs tokenomics are already solid. Nothing to fix...
if supply grew over 5% a year I would agree but its currently growing under 2% a year while adoption is growing rapidly.
There is also a % of Eth lost per year. May be small but every year there will be people that pass away without a plan or just lose access.
If people think under 2% supply increase is causing too much sell pressure they need to
compare BTC...supply growth may be similar to ETH but on top of that there is a BTC energy/miner upgrade sell pressure from mining. That cost paid in BTC is much higher than the 2% supply growth.
Eth should focus on big picture...there is a lot of adoption coming, under 2% supply growth is healthy, DATs and stakers making 2.5 to 3% rewards incentivises holding ETH.
Lets continue to incentivise holders and focus on adoption!!

About 4.54 million Bitcoin addresses currently hold at least 0.1 BTC. So we just narrowed down your number from 210 to less than 4.5M

Got my first 0.005 BTC today!

>I wanted something that allowed me to see the true value in BTC in my spending habits
If so, why are the US dollar values in big black numbers, but the Bitcoin values are in little tiny pale gold numbers, under the US dollar values. Seems like it should be the other way around if you want people to start thinking in sats instead of dollars.

So your own net worth may or may not exceed $7k (depending on how much BTC you have, and regardless of your intent to HODL). But the question was why you claim that more than 99% of the population has a net worth below $7k.

1 year and BTC is getting raped by inflation whereas gold and silver aren't. This was my arguement. They're truly hedge against inflation because during geopolitical instability people flocked to precious metals

"He probably meant $7,000 in savings"
I spent maybe 10K on my car. It's worth 2K now
I live in an apartment. I'm on retirement
The only 'savings' I have is in BTC, My retirement fund
I'm HODLing

the coinbase custody piece is the real finding here, not the fork mechanics. \~80% of US ETF assets in one custodian. when their operating procedure decides which chain is "bitcoin," that's a meaningful centralization dependency regardless of whether any specific fork succeeds.
near-term: BTC dropped \~3% this week from $66k. hard to pin that on fork anxiety when miner support is near zero. macro positioning explains more of the move.
longer-term worth watching: ETFs defaulting to "incumbent chain, no contest" will probably always land right. but "the network decided" and "coinbase and blackrock agreed it was obvious" are different things, even when they reach the same answer.

Hey everyone,
I'm a solo developer and Bitcoin Maxi, and I built Compass after being frustrated with two things: my own spending habits and how other personal finance don't factor it in net worth/spending.
I've always seen USD as kinda worthless and I tend to spend it almost with ease versus when I see Bitcoin. Also, apps like Rocket Money didn't make it easy for me to truly track my Bitcoin holdings since you have to enter the value manually and with Bitcoin that number of course changes. I wanted something that allowed me to see the true value in BTC in my spending habits to help me slow down and something that Bitcoiners were complaining about in other finance apps where you have to babysit the balance of your Bitcoin wallet.
So I built the thing they and myself actually wanted.
**Better**
Compass just knows. Your net worth, your spending, and your goals are all priced in Bitcoin by default, and the Bitcoin part updates itself. You never type a balance again. Expenses from years ago use the price that Bitcoin was then and it's always up to date with current day prices for today when it comes to measuring.
**A few things I tried hard to get right:**
Your Bitcoin balance updates on its own. **YOU NEVER HAVE TO ENTER ANY PRIVATE KEY** and I knew that **security was a huge thing when working on the app.** You can either just enter the manual balance or the public read only address and it just watches and auto updates the balance. This gives me more accuracy when checking my balance.
Every purchase shows up in sats. For example, A $47 dinner lands as 73,194 sats or $2500 in rent is 3,893,293 sats / 0.4 BTC. Four categories: Bitcoin, Necessary, Discretionary, and Wasteful to easily categorize your spending. You have to spend money. Rent, groceries, kids. The point of holding Bitcoin was never to die with it. So instead of guilt, every purchase just shows you what it did to your goal's completion date. So like if your goal is to get to 1 BTC and you're spending a lot in wasteful, it will show you how many days you are behind to your goal.
**Technical:**
I made the app available on mobile, web, and desktop. **The desktop app has no account and no server. Nothing to sign up for, everything encrypted on your own machine.** This is what most people have liked but you have the option to look at it on all devices with sync which is still encrypted in DB. I've also opened source the compass-core that runs the app for the encryption, xpub, and conversions. Linked it in this post
**Cost:**
I'm doing a current deal right now for just $60 one time purchase for LIFETIME. You can pay in Bitcoin or USD. I think if we want to drive adoption of Bitcoin, I think it's important we start actually using it and this is your chance to as well.
I'd genuinely love your feedback, especially if you've been stacking for a while and have quietly given up on your finance app ever understanding it: long-time holders, self-custody people, anyone who already converts prices to sats in their head. Tell me what's missing or what feels clunky. I read every comment.
Thanks for reading, and I really appreciate any thoughts.
iOS App: [https://apps.apple.com/my/app/compass-bitcoin-finance-app/id6776933441](https://apps.apple.com/my/app/compass-bitcoin-finance-app/id6776933441)
Website: [https://compassbtc.app/overview](https://compassbtc.app/overview)
Source (the Bitcoin core): [https://github.com/HRZN-BTC/compass-core](https://github.com/HRZN-BTC/compass-core)
Demo: [https://www.youtube.com/watch?v=BuRxwfyRaTE&t=10s](https://www.youtube.com/watch?v=BuRxwfyRaTE&t=10s)
This is the best app for Bitcoiners

I’ve played around with other stuff, but it all ended up back to BTC.

this lines up with what the ETH structure is showing too. price pulled back right into the retest zone of a level that already broke out, not fresh weakness, just the market giving the move back before continuing
if this were actually crypto specific you'd expect alts leading the selloff since they're usually first to break on bad news. instead BTC's holding up and dominance is climbing, which is exactly the signature of risk-off money leaving everything at once rather than crypto getting hit on its own

Exactly, man. The reality is that the Bitcoin rich list is giving numbers that are reasonably close to the actual holders. The overwhelming majority of people who "own" Bitcoin mostly likely have it on an exchange, an ETF or maybe on something like robinhood, and this also is a broad encompassing term for anyone holding crypto. Most of these people also own relatively modest amounts as well, not many are going to have 5 or 6 figures locked away.
The people that are actually going out and buying wallets to lock BTC into cold storage are in the minority. Also, I could totally see why someone with say .15 or .3 would just have it all on one wallet, it really doesn't make sense for them to juggle multiple wallets and needing to worry more about security, losing seeds, etc. In fact, I'd actually say that you are probably safer with FEWER wallets/addresses than more because of user error. Hell, supposedly Trump has 2 wallets, and he has way more than 99% of people using self custody.

MSTR followed the price of BTC. SPCX has what… hopes and prayers?

Hey everyone,
I’ve been developing a custom risk-management system in Python connected via API to trade crypto futures, and I wanted to share the logic and performance stats from today's session.
Instead of focusing purely on signal entry, the core architecture revolves around **defensive trade management**:
* **TP1 Trigger:** Once the price hits Take Profit 1, an asynchronous request instantly modifies the active order, moving the Stop Loss (SL) to **Break-Even** to eliminate downside risk on the remaining position.
* **TP2 Target:** The remaining portion of the trade runs towards the main target.
* **Initial SL:** If the market reverses before reaching TP1, the initial SL cleanly cuts the trade.
# Today's Session Performance Stats:
I ran telemetry tracking across various crypto pairs (Longs and Shorts). Here is how the risk distribution looked:
* **Main Target (TP2) Hit:** 14 events
* **TP1 Secured (Moved to Break-Even):** 51 events
* **Initial Stop Loss Hit:** 22 events
# Example Log Output:
Plaintext
🟢 RISK DESK TP1 REACHED (LONG) | Asset: BTCUSDT | Price: 64262.8 | SL shifted to Break-Even
🎯 RISK DESK MAIN TARGET TP2 (LONG) | Asset: ZECUSDT
🛑 RISK DESK STOP LOSS (SHORT) | Asset: EULUSDT

If anyone is building similar websocket/API handlers for Bybit or experimenting with dynamic SL shifts in Python, I’d love to compare notes or discuss how you handle API rate limits during high volatility.

If you were to hold CRO from 4 years ago congrats you're down 89%, if you held BTC congrats you would be up 36%. CROFAM is in denial, sell the scam and buy something with bulls, BTC and XLM good options.

I lowkey regret how much time and money I dumped into alts over the years, wish I just bought BTC the whole time

Who said I'm a BTC maxi? The conversation here was about BTC though and you cherry picked gold and silver price / time frames for whatever reason and I was just pointing that it proved nothing.