BTCUSDT20240326P72500
Bitcoin / Tether USD Mar 26 2024 72500.00 Put
crypto

Why is BTC special? Why not Doge Coin? Or sea shells? There is no intrinsic value to bitcoin. There is no use for it that is more convenient than accepted fiat, unless you want to buy drugs. If the government wants your bitcoin, they 100% can steal it, just ask Iran. Your bitcoin can be knocked off any day by a new and improved imaginary coin that doesn't take an absurd amount of computing power to maintain.

watch BTC be back to $65k when i wake up. this thing more volatile than mf

Nano is the new BTC

Native BTC > wrapped IOU every time.

July has been a grind. Price chops sideways for two days, then a wick takes out both sides of the book in ninety seconds and everything goes back to where it started. Nothing about that market rewards conviction sizing.
What changed for me is boring. Every perp position now gets its own margin allocation and I treat that number as already spent. If the trade needs more room, the answer is a smaller position, not more margin. I run four or five setups at once and none of them can reach the others. On BYDFi I set the mode per position when I open it, so the alt trades never touch the collateral behind the BTC leg.
That got tested during the wicks earlier this month. Two alt longs went to zero on the same candle. Annoying, and I was wrong on both, but the BTC position that mattered never moved and I was still in it the next morning.
The part nobody mentions is the cost. Isolated margin will take you out of trades that a shared pool would have carried through a normal retrace. I have been stopped out at the exact low twice this month on positions that recovered within the hour, and both times the pooled version of me would have survived. That is the trade I made on purpose. I would rather lose small repeatedly than explain a single overnight wipe to myself again.
If you are running one position at a time, none of this matters much. It starts mattering the moment you hold three or four uncorrelated things at once and one of them turns out to be the wrong side of a headline.

ETH is a settlement layer, a beacon chain.
If we look at ETH transaction volume, we get to about 1.5-2 million transactions daily, or 15-25 TPS, on L1.
If we take into account just L2's, that number grows to 25 *million* transactions daily. If we add in L3's, we get another 5-15 *million* transactions daily.
Pushing total *daily* transaction volume past 50 million at times.
To put this in perspective, total BTC transaction volume is sitting around 600,000-750,000, daily.
Credit where credit is due though, Solana seems to take the cake here in volume. However, this is mostly high-frequency DEX trading.

KOSPI makes BTC look like a treasury

That's nothing compared to the 2nd largest exchange globally going insolvent.  In fact, the Saylor buying helped prop up BTC for most of the year.

The big event was Saylor borrowing billions to smash buy BTC and pump it to ATHs. Thats over

I've realized over the last year that I spend an unreasonable amount of time thinking about how money moves.
Part of my income comes in fiat, part of it comes from crypto, and I've ended up running Revolut, Wise, and Keytom in parallel for longer than I'd like to admit.
Wise is still hard to beat when it comes to international transfers. If someone is paying me from another country, it usually does exactly what I need it to do with minimal friction. The downside is that it feels completely disconnected from the crypto world.
Revolut sits somewhere in the middle. I've used it for years, the app is great, and I like having traditional banking and crypto exposure in the same place. But at the end of the day, the crypto side still feels like an investment feature rather than something designed to be used. Every time I want to spend crypto, there's still an extra conversion step involved.
The interesting one for me has been Keytom. I started using it because I wanted to stop treating crypto as something separate from the rest of my finances. Being able to hold assets like BTC, ETH, or USDC and spend from the same balance feels much closer to what I thought "crypto adoption" would look like years ago.
What I've found is that none of these apps are really competing with each other directly. Wise solves international banking. Revolut solves everyday convenience. Keytom solves the crypto-to-real-world problem.
The funny part is that after years of hearing that crypto would replace traditional finance, I still find myself using a combination of both almost every day.
Maybe that's what adoption actually looks like. Not one app replacing everything else, but traditional finance and crypto slowly becoming indistinguishable from one another.
At this point, I'm less interested in which company wins and more interested in where we're headed over the next five years. The gap between crypto and traditional banking feels a lot smaller today than it did when I bought my first BTC.

It’s much easier to make more sand than it is to make more BTC. It’s also a lot easier to transport and divide BTC than sand. You’ll never know if someone sneaks up and takes a bit of your sand. There’s millions of copies of a permanent record of who has BTC and who they transferred it to.

I love BTC, and have been investing previously off and on for about 10 years... But with quantum computing progressing it will inevitably be less valuable and prone to be exploited. Happy to be wrong here if someone wants to convince me (with sources).

Your boy Saylor was a major factor in BTC going up last cycle. Now that he’s tapped out , well other tokens will outpace BTC next cycle for sure. ETH is the most likely candidate.

I shouldn’t necessarily call mine boomer even, but majority of my allocation is NFLX, NKE, ORCL, some BTC etf, TU, and DIA

La última subida de BTC explosiva a 124k fue por que se suponía que tendrían un presidente pro crypto, hasta que se dieron cuenta que el tipo no tenía ni idea.

Well by that logic you could have mined BTC and Ethereum or bought a few hundred bucks and been a billionaire now from 2014.

I’m dropping 15-20k on October 5th whatever the price is . I thought I saw somewhere that July is a good month for BTC historically . Think it runs down for a couple months to the bottom after . I only have around 5k in BTC currently . But I got some powder to fire off

why does BTC have to keep playing with my heart like this

I've been with Kraken since 2013, sold countless hundreds of BTC back then and never had issues withdrawing. Still my number one choice to this day.

Im going to make one right meow…. The BTC ETF market has diluted BTC and we will never see explosive growth the way we have in the past… ETFs mean we no longer have 21million BTC we have infinite BTC…. BTC growth will more or less track the S/P from meow on.
…. MEOW!