BTCUSDT20240316C79250
Bitcoin / Tether USD Mar 16 2024 79250.00 Call
crypto

Inflation is going crazy still, job markets are trashed and unemployment is up. Tariffs effects are expected to hit soon. I pulled out of everything but BTC.

📊CURRENT RAINBOW CHART 🟠$BTC

Tbh if we get to that point where is cheap enough to make gold using fusion or something, then neither BTC, gold or any currency really matter anymore, it will be post scarcity and that means that humanity won

Well you cant have it as payment system when only ~1% of the population holds BTC (not talking about shitcoins) and when nobody else is onboard the crypto train. Adoption takes time since most boomers and millionaires holding the money would be reluctant to acknowledge the shift. We can argue if Btc has value but then again only if more people shift to use crypto for day to day activity can we say that it has failed as a payment system. As of now people are using it has a hedge .. very much like gold. But sure you never know what happens next.

That spike in 2014 (when I first heard about BTC and dismissed it as a bubble) is basically indistinguishable now when you look at the all time chart.

But in that case BTC really is just bad as a money. It stores value alright, but for trading it ain't that great.

If O could easily pay the school loan every month I would keep the BTC and pay the loan off later. (THIS IS NOT FINANCIAL ADVICE)

“Altseason” is even more pathetic when you consider two of the ten largest altcoins by market cap are stablecoins.
[Real BTC dominance (minus stablecoins)](https://charts.bitbo.io/bitcoin-dominance/) is currently at 70.1% and has only gotten as low as 69.3% this year.
In 2018 it got as low as 42.2%. In 2021 it got as low as 55.5%. Following the trendline, real BTC dominance should bottom out at ~68.8% this time around.
As time passes it becomes increasingly obvious that all altcoins are headed to zero when priced in absolutely scarce BTC so it makes sense that each altseason is weaker than the last. Altseason might be close to over if it isn’t over already.

Oh yes they do. The BTC sub is filled with people begging for affirmation. Just like this stupid meme in this thread. BTC will eventually just be some commodity like gold. Nothing special.

Lol we've been hearing this nonsense *literally* for YEARS.
How long will it take for people to realize that Ethereum can succeed while ETH the token continues to decline in value?
Look at ETH/BTC. Nuff said.

I bought 3 BTC when they were 100 dollars each. Sold them when thr price was 400... Atleast i made profit.

Good points, but the real hurdle for BTC as a pricing unit is its volatility - merchants can’t peg goods if price swings 5–10% in a day. In the U.S., most of us see BTC more as a store of value, kinda like “digital gold,” until adoption + stability improve. Long term, layer-2s and broader usage could make day-to-day pricing way more practical.

Three minutes of gold mining today - equals three minutes of goldmining by the end of the century +/-
Three minutes of BTC mining today - equals almost three years by the end of the century
They are not the same, by a longshot.
BTC is going to dwarf gold as a store of value in our lifetime.

LoL, you are so out of context as you are speaking with a BTC maximalist

Keep dreaming they keep printing doge daily it will not be profitable.
There is no limit to the number of Dogecoins that can be "printed" (created through mining) because Dogecoin has no maximum supply limit; instead, it is an inflationary cryptocurrency with approximately 5.2 billion new coins added to the supply each year. New Dogecoins are continuously created as a 10,000 DOGE reward for each block mined, which typically occurs about every minute.
Bitcoin was designed to have a maximum supply of 21 million BTC, creating a disinflationary currency to oppose the features of fiat currencies. Through halvings, the rate that new BTC are mined and enter the market slows down over time, and the last satoshi (sat) will be mined in 2140.
Hopefully you can read facts to understand why this is not a wise decision.

Their listing on The Block increased their BTC holdings from 69 to 6944 late last week, but still lists the merger as pending. A PR confirming the holding should have a huge impact on share price.
https://www.theblock.co/treasuries
Millennial Management LLC disclosed a %6 holding on the 18th.
https://www.stocktitan.net/sec-filings/ASST/schedule-13g-strive-inc-sec-filing-c3266f462c39.html
Jane Street Capitol disclosed %9.9 holding yesterday.
https://www.stocktitan.net/sec-filings/ASST/schedule-13g-strive-inc-sec-filing-213e31885de4.html
Lots of other institutional support behind this one.https://fintel.io/so/us/asst

It just measures the last 90 days and if X percent of coins have outperformed BTC if it is like the Blockchain  Center one.  BTC has been so mild it isn’t difficult to outperform it.

Bitcoin does not generate income. It will never solve the equation of generational wealth. At a certain point in the not so distant future, it will barely outpace inflation and behave more like gold whether you like it or not.
Propper investing by that time, will become the only way to achive generational wealth and keep it that way. To own companies that produce something that people with money (regardless if its BTC or USD) need to buy and have a profit.

Hardship of pricing goods and services in BTC

Better sticking with crypto. Your saying to sell the asset that has done the best, and move the money to an asset class that has historically performed worse than BTC, where the logic in that. It's like saying your driving a Porche but might move to a Fiat 500 because you think it might eventually go faster.