BTCUSDT20240302P64000
Bitcoin / Tether USD Mar 2 2024 64000.00 Put
crypto

I've noticed a generational gap in BTC acceptance. I'm 65yo and it seems people my age & older are at best BTC ignorant & at worst totally against it.
I know one guy, 76yo, teaches Finance & Econ at a respected university. He's also a partner in a wealth management firm. He thinks BTC is "gambling". I get this all the time w/ the older crowd ("boomers") so often that I don't discuss it anymore w/ them.
It makes me wonder how much the $price of BTC is generationally related?

I didn't experience much BTC hate with bcash holders. More core and maxi disgust than anything which is pretty reasonable.
Why hate?

People live in their own bubbles so much that it blows my mind.
I haven’t had a “bank account” in over 5 years. All my paychecks get directly routed to stablecoin and a portion is invested out to stocks/retirement and the rest is BTC savings with a small portion of stablecoin hold for daily card transactions.
The few companies that don’t support card payments all have other alternative forms that I’ve been able to utilize and it gets easier every year.
For big purchases I’ve used BTC directly a few times and more recently borrowed against my stack for super low interest rates.
Where do you think the capital for AI was generated?

BTC +1 MSFT 100 (Weeklys) 14 AUG 26 (17) 380/355 P @6.50 (Sold: 4.80, -$170), so that I don’t only post winning trades. Below gains offset this.
BTC +1 MSFT 100 21 AUG 26 (24) 340/315 P @1.69 sold: 5.22, +68% (+3.53)
BTC +1 MSFT 100 31 JUL 26 (3) 350/330 P @1.00 sold: 3.02, +68% (+2.02)
I trust the stock and company but I don’t trust people who sell it for no reason. rules.
I still have long position and LEAP short put which is up 14.00, keeping that guy around for 🚀

Right now, BTC is dumping again

its my theory I hope to see it posted and blasted here in a few months because I am still holding my btc. however, the ability to invest in btc through etf funds shows me that we are further fractionalizing whatever BTC fund x y or z hold. additionally much of these funds holdings are further leveraged artificially inflating the number of BTC again and diluting it.
if im right its one of the greatest rope a dopes in history

Someone gotta be the bagholder who pumps our bags. BTC doesn't goto 1 mill without someone willing to be the first to pay 1 mill for it.

BTC 1x NOW Sept 85P @$1.45(+50%)

It's wild to see Crypto Twitter and Reddit filled with panic because OMG Strategy hasn't bought Bitcoin for five straight weeks.
How did we go from Bitcoin being a revolutionary, decentralized asset to prayings that a company with nothing to do with crypto buys a little more BTC?

I also have a 14 put as well I'm short with the same expire. Well see where we land after the ER tomorrow morning, will be setting 0.01 limit orders As GTC on my options to BTC to see if I can get fills with any wild swings.

2% today BTC is also where it was 5 years ago. 5 Years of gains have been wiped out. You cant just ignore that fact

BTC SMCI 8/21 33c @ 1.26 (+1.89, 6 days, cc)
STO SMCI 8/28 33c @ 1.59
Of course, there is still the deterioration of the shares to contend with if tech cannot right itself. I'm just doing what's in front of me and hoping for the best down the road, or at least diminish the disaster some.

Just stay like this for a few more months I am putting all my spare money into BTC. Every single penny since NOVEMBER.

**Source:** [https://x.com/solana/status/2082100191768031600](https://x.com/solana/status/2082100191768031600)
BREAKING: [$MSTR](https://x.com/search?q=%24MSTR&src=cashtag_click) from [@Strategy](https://x.com/Strategy) is live on Solana via [@sunrise](https://x.com/sunrise), issued by
[@Backpack](https://x.com/Backpack) Securities
https://reddit.com/link/1v8z4nz/video/6wbps8so6zfh1/player
Strategy ($MSTR) is the world's first and largest Bitcoin Treasury Company. It accumulates BTC as its primary reserve asset and also provides AI-powered enterprise analytics software.

Verify the address on [@tokens](https://x.com/tokens): [https://tokens.xyz/microstrategy?solana=MSTRdWXMeZxdE8osAQy3fA4rvTY5rgummDSMEx6U7Nz](https://tokens.xyz/microstrategy?solana=MSTRdWXMeZxdE8osAQy3fA4rvTY5rgummDSMEx6U7Nz)
https://preview.redd.it/rnthna0s6zfh1.png?width=514&format=png&auto=webp&s=c6d0eda751a2a210dabf66cef56f4e871aeca456
[$MSTR](https://x.com/search?q=%24MSTR&src=cashtag_click) is available in your favorite Solana apps

[@Raydium](https://x.com/Raydium), [@dflow](https://x.com/dflow), [@Titan\_Exchange](https://x.com/Titan_Exchange), [@phantom](https://x.com/phantom), [@JupiterExchange](https://x.com/JupiterExchange), [@fomo](https://x.com/fomo), [u/@ArcherExchange\_](https://x.com/ArcherExchange_), [kamino\_swap](https://x.com/kamino_swap), [@mayan](https://x.com/mayan) and more

Chainflip handled my 6-fig USDC→native BTC; THOR quote was uglier that day.

The face value of my money declines pretty uniformly by 3% a year.
For the vast majority of the people on the planet, the things you mention are not worth the inconvenience of use and loss risk of BTC, so I don't think they are going to inconvenience themselves to promote something they dont see value in.

This very person is also in files that haven’t been released yet and more but please go on about how much they love BTC 😒

It’s frustrating that our price is not recovering in comparison to BTC and ETH. Their low was about a month ago and are up 19% and 5% respectively while ALGO just hit a new low last night.

1. To answer your question about frequent changes in BTC price calculations: 1 BTC costs a relatively large amount and fluctuates every second; therefore, paying for goods and services in BTC is inconvenient.
2. Could you elaborate on which features you are talking about?

It takes like sub 20 seconds to do a swap on a CEX or a DEX so I don't know if one really has a speed advantage worth mentioning over the other. If anything, I can send 10k USDC to a wallet, swap it on a DEX and be done in less than a minute. I send 10k USDC to Coinbase, they don't accept is as a valid thing until a few minutes pass. When you say "faster", what actions are faster?
CEXs definitely aren't cheaper. Once you can wrap your head around a wallet, the joy of getting ripped off on a CEX generally fades. That's why DEX vs CEX volume has been growing for years in a row now.
https://swap.defillama.com/?chain=ethereum&from=0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48&tab=swap&to=0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf
At the same time $10k USDC got me 0.157X cbBTC (Coinbase's own BTC, so a third party should definitely be selling it at a worse price than Coinbase official right?) at the worst dex, Coinbase was offering me 0.153X for their cbBTC for $10k. On jup.ag, $10k gets me 136.5 SOL. On Coinbase, $10k gets me 132.8 SOL. People who have never used a DEX in their life (or have and are just lying to you about the prices offered) are just making up stuff about how much they cost to use. CEXs quote you on a spread (when you sell, they pretend the price is much lower and when you buy, they pretend the price is much higher) **and** charge fees on top of the spread.