BTCUSDT20240503C78000
Bitcoin / Tether USD May 3 2024 78000.00 Call
crypto

lol BTC is safe to receive if u do properly it’s very simple ngl

To receive BTC you need 1 thing: a wallet that generates addresses. That is it. As long as that is all, then it is completely fine.

I’m slowly DCA’ing vs trying to time the bottom. I have USDC accruing 5% while I wait. My first target is .125 and then .1 for bigger swaps. Then I’ll be at a good avg and algo amount to ride out to hopefully high numbers.
My biggest concern for the short term - I’m very worried about the Foundation dropping that unanswered DM about the whole board leaving. They have been very quiet and still sitting on 1 Billion Algo. The currents drops have been macro falling in line with BTC and ETH.

BTC's price is up 0.5% in 4 hours even though $1.5 Billion more in short-volume have been opened compared to longs. Buying pressure is still immense, and with U.S. markets closed tomorrow it could get very interesting over Thanksgiving.

I'm going dailty $20 in BTC and $20 in another one on Robinhood.

It’s all too late and over. I had the thought back then during the FTX crash, when BTC was at 18k… I was close, but I didn’t want to commit. Pretty stupid.
How am I supposed to get in at 60?

Fiat currency will continue to print, deflate in value. BTC is finite.

Yep, You can own BTC. But wtf can you buy with it in the real world?
Pizza from that hippy niche pizza store a decade ago?
Boring.
People make the value up...

How is the customer getting the cash? Is it at first fiat or is it getting converted from BTC to Fiat? If so then it is taxable.
>Nobody is using bitcoin for microtransactions in developed countries.
This was the original comment are he is right. And its because of the other comment about Capital Gains.

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Strike does loans. You can borrow 50% of your collateral. So if you need to borrow 30k, you would deposit 60k worth of BTC. You would have to add more collateral if price tanks.

It’s only bad if buying BTC is bad.

If you woult truly do that, and believe in BTC you would do this right now too. That said, dont do it ;)

No worries dude!
the best educational books for me are,
The Bitcoin standard by Saifedean ammous (this is essential reading! The BTC grail if you will!!)
Broken money - Lynn Alden
Not strictly a bitcoin book a fantastic read to better understand money in general
Mastering Bitcoin - Andreas Antonopoulos
Probably the most technical, but definitely worth a read
The Blocksize war - Johnathan Beir
A great book about the famous Blocksize war and a glimpse into the culture
Bitcoin Billionaires - Ben Mezrich.
the person who wrote Bitcoin Billionaires is the same author (Ben Mezrich) whose earlier book The Accidental Billioners was the basis for The Social Network (a great movie!)
A more laid back book but an awesome read imho!
Enjoy 😎

I have a sneaking suspicion $BTC is going to rip over thanksgiving - bought some $ASST just in case

The opposite actually, MSTR is a leveraged bet on BTC. MSTR takes on debt* to buy BTC, so it is a higher risk than just buying BTC.
During the last year, Strategy has started to sell preferred stocks to fund BTC buys. These preferred stocks give USD yield to the owner, where they have different risk profiles and so different yield amounts.
As a product of its own, I've really enjoyed the dividends of the preferreds. For MSTR, they are acquiring capital at a relatively cheap rate to how the BTC that they buy should appreciate.
If you believe BTC will always increase in value relative to USD, the benefit of MSTR is their ability to raise capital for this BTC at a lower rate and higher volume than a retail investor could.

You seem upset; I get that. These beliefs are clearly tied to your identity, so you're going to get emotional when it's challenged. Do your best to relax. Or, you know... ignore it or just say "I'm not reading all that" like you didn't read it and get embarrassed.
I understand why you were pointing to a 8:1 Ag:Au ratio. Or, at least I thought I did- historically and today, the general mining ratio is \~8:1.
Your claim about it being in the Earth's crust is of course wrong.. the actual G:S ration in the crust is somewhere \~18-19:1, we just don't mine that much.
>Not sure how or why you are a "top contributor" when you know nothing about silver.
I'm a top contributor because I focus on reality rather than fantasy, and I reason through things in a way people can follow. Most of us here at silverbugs appreciate that, since the other sub catches most of the crazies.
>Isaac Newton fixed it at around 15to1 for the bank of England well before it became an industrial metal
Which is both neat trivia, and completely irrelevant to today, given he was setting up a two-metal monetary system, which has no relationship with today's economy.. which is fiat-based. Maybe you could include BTC if you wanted. But we aren't a metal-based monetary system anymore. As I said.. most demand comes from industry. You can fantasize about gold and silver being the only forms of money all you'd like, but they aren't.
It's also closer to the actual G:S ratio in the Earth's crust, and pretty far away from your 8:1, so I'm not really sure what you hoped to prove with that.
Regardless, by your reasoning, Platinum should be more valuable than gold.. as should far rarer metals like Indium, Tellurium, Selenium, Rhenium, etc.
They aren't. Maybe you could explain that to me. (Or just ignore it and keep ranting.)
>They create infinite amounts of it on paper which completely manipulates the price.
Yes, futures markets influence spot price. No, they don’t completely override multi billion-dollar industrial demand, mine supply, investment flows, interest rates, and macro conditions.
And I never said the GSR was meaningless.. I said there was no meaningful fixed ratio, because there isn't one. The ratio itself isn't a constant.. it's a function of Gold/Silver price.

I do not have a goal on how much BTC I want to have. I just want to be in 10-20-30 years and say “yea, that was smart. Now I am way better then I would be if I would just do my 9-5 job and have my cash on the bank. You know what I mean

Bitcoin doesn’t “handle” inheritance on its own - you do.
If no one else has your keys, your coins are gone forever. That’s not a flaw, it’s part of Bitcoin’s design.
Yes, lost coins slowly make Bitcoin more scarce over time, but the effect is gradual and already priced in by the market.
If you want your BTC to outlive you, then yes -
**l**eave access in your will, or use a trusted inheritance setup (multi-sig, sealed backup, etc.).
No keys = no coins, for anyone.
#

People have been saying ETH is oil for far too long, the truth of the matter is that it’s at its current valuation the same reason bitcoin is at its current valuation, people are speculating on it similar to buying a gold coin. It’s a store of value, and doesn’t gain much of its value from any practical use.
If mass adoption comes to cryptocurrency, the Ethereum network is too old and slow to be of any substantial use. If mass adoption comes it’ll use whatever is the newest cutting edge technology. ETH and BTC will still be of value simply because enough people view them as a store of value.