BTCUSDT20240419C78000
Bitcoin / Tether USD Apr 19 2024 78000.00 Call
crypto

A man I know irl in his 70's has the most BTC of anyone I know of...

true. about .1% of wealth is in BTC.

Based on a 5% allocation of the global M2 money supply The value of 1 BTC should = c. $200k So even at an extremely conservative level BTC is currently undervalued. Even in the last run my highest sell targets were at $180k based on this principle.
At the opposite end of the extreme If BTC were accepted as the standard for global wealth it would be worth c. $27mil. - IMHO, the longer BTC survives the more realistic this figure becomes.
Layer two networks could even allow for sub satoshi level trading to make everyday purchasing viable.
The technology is there all it requires is adoption.

Let's think about BTC. Year later.

I'm a teenager and I don't have much money rn since I have everything in the bank and I can't access the cash(it's not a lot but it would have been nice to use it for BTC)
But since Bitcoin entered the bear circle I started accumulating 100$ at the time(as soon as I got the money through presents or working), now I have 100/200$ to spend but should I buy now or just wait a bit longer for the price to come down? What would you do in my situation?
P.s. everything I've accumulated is in my cold wallet and I've reached 0,016btc
Thanks

I didn't know Satoshi was mining BTC in the '90s. 😄

Halvings raise the floor on the cost of BTC production
and that floor has been reliable support for price
that's why Halvings are anything but an "obsolete factor"

You're getting downvoted, but I agree with you. I have a ton of silver, but that's only possible because of my other investments in the market, real estate, BTC, etc.
Its a store of wealth, not an investment.

Its simple really
Don't invest money you can't afford to lose
Is something we have all learnt
If people need to convince other people to invest then it will turn put to be a bad investment is something else we have learnt.
I am 68 most of my friends have BTC or at least know if it.
Why, if I t a good investment do people feel the need to convince others, is it because if they are wrong they don't want to be alone?
Just like shares I tell people I have invested, I dont try to convince them they should too, they will ask if they want to know

Can we get BTC down below 59K and keep it there, please?

Slowly but surely will get there, BTC is 1 percent of my portfolio, just DCA'ing on the chance that it achieves all the uses it can one day

>**Value rarity,**
>**Forget about Parity,**
>**Act with Clarity.**
~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap

calling it "all time lows" that was a bad choice of my words. BTC is 50% below the ATH of $126K not at all time lows.

Don't compare BTC to Automobiles, that is dishonest. Compare it to other fintech products or internet based techs instead. BTC is doing absolutely terrible in that regard. Venmo or similiar products, contactless credit cards, smartphone payment systems, IoT and other products have had genuine adoption. Bitcoin is older and these modern payment systems raced right past Bitcoin. In the European union you can safely transfer up to a billion euro at a time cross borders with SEPA transfers for less than 3 euros.
BTC can't compete in its field.

Take a look at AI adoption, Smartphone adoption, SoMe adoption etc. They are much much faster than Bitcoin or any other crypto.

For reference, it took over 50 years for the Automobile to become popularized. BTC far exceeds the adoption rate of even the Internet.

You need to stop playing with things like BTC and buy undervalued/oversold companies that make real things and make real money. There's no secret sauce that's going to come from playing with charts/tarot cards. Look for bad news to hit companies with good management. As Warren Buffet said, companies with fixable problems.

“Bitcoin performs poorly in a bear market”. And AI underperforms during its respective bear market. Guess what? AI is overbought and high risk. BTC is oversold and low risk. The play in the coming months is clear

> 
He thinks BTC is "gambling"
Because it is

No offense, but the current system benefits 65 plus. BTC is the off ramp for Millennials and Gen Z to get out of it.

BCH runs at less than 1% BTC hashrate. Arbitrarily raising block size isn't an advancement. It is a lazy solution that forces centralization by pricing out node operators. Light years ahead as it bleeds to nothing against BTC 🤣. Echo echo echo