BTCUSDT20240229C63000
Bitcoin / Tether USD Feb 29 2024 63000.00 Call
crypto

Congrats! 0.1 BTC is a great milestone. The next interesting journey is not only accumulating more, but also learning how to properly secure what you already own.

Monero or Lightning network BTC

For a closing next week, I would treat timing and source-of-funds as the first filter, not APR.

Before choosing Ledn, Morpho/Coinbase, or Unchained, ask the title company/lender whether loan proceeds backed by Bitcoin are acceptable, what documentation they need, and whether the cash has to be seasoned. A cheaper Bitcoin-backed loan is useless if the fiat arrives fast but underwriting rejects the source.

After that I’d compare the ugly-day terms: starting LTV, margin-call level, cure period, automatic vs manual liquidation, custody/rehypothecation, and how quickly you can add collateral. For a house down payment, I’d size it so a bad BTC week does not put the closing and the stack at risk.

I’m running a bit of a psychological experiment on myself, and I’m curious if anyone else has tried something similar.
A little background: I’m 6’4”. As a teenager, I was pretty overweight. During high school I got sick, took up cross-country running, and leaned out. In my 20s I stayed in decent shape, but by my 30s the weight slowly came back. At my heaviest I hit 272 pounds.
In 2021, I went keto and lost 55 pounds in about five months. I got down to 212 pounds and was honestly in the best shape of my life. Fast-forward to today, and I’m hovering around 225-230 pounds. I’d like to lose another 25-30 pounds.
Here’s the experiment.
We all know processed foods today are engineered to be incredibly appealing. Food companies spend enormous amounts of money studying consumer behavior, psychology, flavor, packaging, marketing—basically everything they can to get us to buy and eat more. I’m not saying it’s some grand conspiracy; it’s just business. But I’ve realized I’m pretty susceptible to those impulse purchases.
So recently, whenever I find myself standing in front of a bag of chips, granola, candy, or some other processed snack that I don’t actually need, I stop, look at the price, open my Bitcoin app, and buy that exact dollar amount of BTC instead.
My hope is that over the next six months I can slowly rewire my brain. Instead of getting a short-lived dopamine hit from food that doesn’t move me toward my goals, I redirect that impulse toward something that aligns with my long-term goals.
I fully recognize that an impulse buy is still an impulse buy, and Bitcoin is obviously a volatile asset. I’m not pretending this is some guaranteed financial strategy. But if the alternative was spending that money on junk food anyway, I’d rather own a little more Bitcoin. Best case, I lose weight while stacking sats. Worst case, Bitcoin drops and I keep buying over time while still improving my health.
Has anyone else intentionally redirected an unhealthy habit into buying Bitcoin—or investing in general? Maybe replacing gambling, drinking, smoking, or some other impulse with stacking sats?
I’m less interested in whether Bitcoin goes up or down and more interested in whether this kind of habit substitution actually changes behavior over the long run.

MSTR bagholders be like: "Saturn entered Aquarius, $150k BTC confirmed."

> HM Revenue & Customs (HMRC) considers swapping one crypto asset for another (BTC -》USDT) a taxable disposal
Is this different in other countries?

You can also use a centralized exchange like Coinbase/Binance for lower slippage, or if you strictly want DEXs, sell BTC for WBTC first, but cross-chain bridges like Thorchain are usually the go-to for native-to-native swaps

Well there is the budget neutral way to acquire BTC

>Replying to you is pointless
It is not, I respond very well to good arguments.
>Obviously you wanted a gotcha but I’m not really wanting to go back and forth with you.
No, that is just you, feeling pressured by arguments.
>I do store my sats in cold storage.
Your cold storage is a good start, but if you can't spend self custodial it is useless you gain no freedom. Like a prisoner that owns his cell, but still has no freedom to go anywhere. BTCs 4 tps do not allow the 99% to spend self custodial.
>Ok than let’s go beyond bitcoin itself, what would you suggest storing wealth long term?
Either invest it so it can be productive, this is what helps society the most or store it in sound money. Sound money is money that has throughput and can be used without a third party. BTC has throughout at max for the 1%.
> Name me another asset that accomplishing these things?
Bitcoin Cash. Plus it scales.

Good to see ETH massively outperform BTC 💪
Grandpa is a nasty polluting mfer, time to move on.

CME Group FedWatch saying 68.5% chance that FOMC will hold rates instead of hike on Wednesday. That's a bump up of about 7% over night.
Reuters stating that BOJ is predicted to hold rates in Japan on Friday. No fear of Yen carry trade unwind in the immediate term.
US-Iran peace talks supposedly going in the right direction.
ETHBTC back above the 200 day and BTC still holding above the 200 week.
Is Macro setting the environment for some continued upside?? Find out later on *None of This BS Makes Sense Anymore*.

Bitcoin (BTC) is the canary in the coal mine for the quantum computing threat

There will only ever be 21 million coins generated. 20 million coins have already been minted. Every time a portion of a BTC is used for payments or put into a wallet, the supply diminishes. It will be very hard to purchase once everyone is holding etc. exchanges won’t have the supply they have now to see either! Just watch the situation unfold!

the moment i exchange a bowl of noodle for 20btc... when the noodle shops say they accepted bitcoin.... i farmed a few because there is people actually wanted bitcoin. but unfortunately my hands is not strong i sold them too early when i think its their peak :( (oh yea when BTC basically worth pennies/nothing that time)

i heard 100k is a good entry price for BTC just wait a bit more

is buying BTC on random days a bad habit

Should have sold the bicycle for BTC.

Depends on how much time you have. A bigger BTC exposure is going to get there quicker I suppose.

\* BTC, ETH and BCH.

I believe that BTC and ETH still have to retest lower prices, we still have an opportunity to buy back at good prices... although there is not much liquidity!