BTCUSDT20240417P63500
Bitcoin / Tether USD Apr 17 2024 63500.00 Put
crypto

Dude I rate xrp, however BTC, Eth, and sol have more potential.
What exchange are you using. I ask because in the current market I would stick 50% BTC, 30% Eth, 20 sol and 10 xrp. Set a loss limit to match your tolerance level. Say 10-15% drop if cautious and sell at your tolerance level. Take profit at stages, there will be another dip, study the market and if appropriate buy back at the bottom of the dip (easier said than done) scalping seems to be where the profit is ATM. Long term storage not so sure. This is just my 2cent worth, I have xrp, but don't follow my own advice and I am running at a loss. 🤯🤯🤯

>Its seems like a very good opportunity to buy now, no?
Gauge the market greed and fear index, the more fearful it is the better..
The more frequent you heard people say BTC is dead, the better..

If you don’t control the private keys, you don’t fully control the Bitcoin. When your BTC is on an exchange, the exchange controls the keys and you only have an account balance. That can be fine for trading, but it comes with risks: the exchange can freeze withdrawals, get hacked, go bankrupt, or ask for extra verification before letting you move your funds. Self-custody means you hold the keys yourself, so you are not depending on a company to access your coins. The tradeoff is responsibility. If you lose your seed phrase or get scammed, there is no support team that can recover it.

Why sell at 120? 
There are a lot of reasons to sell at 60k.
Such as….
You invested in BTC and realize you don’t understand crypto and want to switch to an investment you understand better.
Maybe you have too much of your net worth invested. I sold BTC at 90 to rebalance down to 5% of my nw being in crypto and no more. 
Maybe they need the money? Or want to buy a good? Crypto is meant to be a currency not an investment, maybe they wanted to use currency to make a purchase, maybe they wanted to make a purchase that doesn’t accept BTC and needed to swap to fiat. 
People have stop losses. They decided they’re selling x% at a strike point and 60k is that strike they decided on.
Why ever buy or sell it? 

BTC threw out a shrek! Green🟩

Financial institutions have been trying to centralise BTC -they'd centralise 21 million of they could.
Paper BTC/ETFs are the way they get capital flows away from self custody BTC (this is where BTC has its original value and power).
Self custody of the coin is the key. And wait this out. If you're a short term profit taker BTC likely won't work for you.
You only have to look at who is buying up BTC religiously throughout every headline.

I've done a loan on Celsius managed to withdraw everything before they went luckily. Then I did a nexo one paid back easily. Then I did a defi one on sovryn to buy more BTC this I would say is the safest and best of the three I've tried.

So BTC is:
\- no currency
\- no gold
\- no hedge to inflation
So what will it be now?

It literally is though? The guy in the video can hand him 10k cash and he can go into the next store there and spend it.
How long will it take him to convert any of the 100 BTC as a completely new person into fiat that he can actually spend?
This isnt even debatable that in the case in the video it is "faster money". Ultimately the worse deal in total money worth, but he can spend it immediately

Read my post again. I said standard loan, not a BTC backed loan. Only problem would be if you can carry the payments. Your BTC would never be in jeopardy.
You could just do what Saylor did and sell a sliver to make that month's payment if you're in a pinch.
A standard loan isn't leverage. It's debt.

Another BTC maxi myth busted. Strategy seats on 10 billion usd unrealised losses. That is crap, not gold.

essentially this.
I remember following bitcoin before mining rigs were a thing. Always thought it was a joke. still do. Then BTC hit like $300/btc. then one day i decided to gamble and create a coinbase account. bank or id verification. 3 days to verify.
completely forgot about it.
a year later it was at like $1200/btc.
Played with it over a weekend. made a few hundred dollars.
ended up buying like 13 litecoins for an average of $160.
then it crashed.
never cashed out.
I check the price of litecoin about once a year.
Still never sold or bought more.
feels like its been sub-$100 waaay longer than it has been over $100.
looked at it today. lol.
would have been fun if i just stayed with bitcoin. I think i cashed out when btc hit $5k/btc.

I bought more ETH and BTC today instead of SPCX lol

Look, high inflation is damaging, but high deflation can be every bit as destructive—if not worse. And going back to a rehash of the gold standard—or the "BTC standard"—doesn't magically fix incompetent leadership, reckless fiscal policy, or dysfunctional laws and regulation. That whole "fix the money, fix the world" slogan? It's bullshit. It's an empty bumper sticker that pretends all our structural failures just vanish if the currency is hard. But here's the reality: bad governance doesn't disappear under rigid money—it fucking implodes faster. We've seen this play out again and again: the Great Depression, both World Wars, and the depression decades of the 1870s and 1890s.

Some places do already accept 0-confirmation payments, usually with the audit trail of a name, address, phone number to contact if you somehow get your transaction removed before confirmed, and also usually on lower priced items.
For me though, I consider this confirmation time comparison to be measuring not how long it takes for the equivalent of a credit card payment to be approved, but more like how long it would take to do final settlement with something like gold. Good luck doing final settlement with gold in less than 26 minutes, especially if you want to be able to do it with anyone anywhere in the world. If you want even faster forms of settlement (but not final settlement), that’s what L2 and beyond is for.
L1 settlement is analogous to gold settlement, compare BTC to gold settlement.
L2 settlement is analogous to credit card settlement, compare lightning to a credit card payment.

And I have roughly 21M BTC

I taken one through a couple cycles. The single thing that matters most: your LTV and the margin call level. Know exactly what price BTC has to hit before they call you, and assume it will get tested, because volatility always shows up. Borrow way under the max. If a platform lets you go to 70 percent LTV, that does not mean you should. Lower starting LTV is your buffer against forced liquidation.
Also read who actually holds your collateral and whether they rehypothecate it. Watch the rate too, some are fixed, some float. Done carefully it works fine. Done greedy it can wipe you out in a bad week.

In a couple of months it will be 'Aliens computers cracked the BTC Algorhythm and it only took 0.01 miliseconds, SELL NOW!'

😆🤷‍♂️ Ah yes good argument. Btw, what did BTC win exactly?

Cold storage doesn’t make sense to me. I’m not knocking it. I just don’t understand. I can buy BTC with my brokerage account. It’s insured.
Please enlighten me. Honestly. Isn’t cold storage essentially the same thing as holding cash in an envelope buried in a secret spot?