BTCUSDT20240411P69000
Bitcoin / Tether USD Apr 11 2024 69000.00 Put
crypto

One of the few people I know personally that i recommended to get into BTC, around 2017, that ended up actually losing money somehow was a boomer(I believe he’s 61). Dude bought like 20k worth of BTC and sold for a massive loss in 2020.
He’s very jaded towards it all because of his own actions.

Millennials are the largest home owning generation right now, but will be surpassed by Gen Z at this rate, so that probably isn't a critical factor.
They likely just don't understand BTC, and they are probably conflating stablecoins with all crypto, where there is a ton of gambling. Plus many will see an asset that went from pennies to $120k back to $60k, and if they are in retirement they want stability and not volatile assets.

The prospect of $200k BTC in the next cycle. People are greedy, the 4-year-cycle is an easy enough narrative to ignite a new bull run. Many won’t want to miss out on this opportunity, even if they make just a few bucks, they are going to pour their money in eventually.

>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"
Ever thought he might be right, and you might be wrong?

No, it is a Bitcoin sub that doesn't censor discussion. The bCash sub is r/bitcoincash.
That said. BTC is in a sad state and bCash is lightyears ahead in all technical aspects.

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.

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