BTCUSDT20240512P61500
Bitcoin / Tether USD May 12 2024 61500.00 Put
crypto

Equal to gold would be fine. That’d be $1m BTC.

Who are the “market makers” you speak of? It certainly feels like there is some entity moving the price to cause maximum pain on both sides. BTC refuses to just trend in a direction for more than a couple days, but reversals are very ambiguous, like what it’s doing now. Go test the 50 in an orderly fashion dammit!

Because BTC is dead end of crypto. It never really evolves, every change is just addition to its outdated foundation. The only thing it can be is "digital gold" or whatever fanatics constantly preach. If alt's die, then crypto failed. Not that i think they will die. This time is different mainly because there are little regular people buying. Even BTC. Everyone is either broke or afraid to risk with crypto because of current economical environment.

>If that will be the case, the rest of your reasoning would seem moot,
My example expects a price increase to over $634,000 per BTC in 6.5 years just to maintain the security the same as it is today, and that could be inadequate.
Bitcoin Security is economic, Bitcoin is secure because it's more profitable to cooperate than attack, that economic incentive is dependent on many factors that can go out of balance the most obvious one is: If miners end up securing transactions that pay fees to competing networks e.g. the Lightening network, incentivizing cooperation. This fact is not considered in the protocol change to enable the LN network while limiting L1 economies of scale. It can't simply be explained away.
>he's a god or demi-god, that he could not make mistakes and what he has created cannot be modified, amended, improved
No one is implying he's special, I was just stating Satoshi's design scales L1, mitigating the need for a transaction limit. Many people don't understand the mechanism or believe it can work and just trust those in authority. Just because Bitcoin's protocol was modified to enable for profit L2 transaction layers doesn't mean Satoshi made a mistake. And much of that authority is not merit-based, but derived from when one heard about Bitcoin.
>Ultimately he knew that he was no longer needed in bitcoin because the genie was already out of the bottle, his "original" vision is no better or worse than my vision or your vision, it's up to us to realize the "common" vision.
Actually facts matter, Satoshi changed his focus, stating he was comfortable that Bitcoin's code development was in the more competent hands of Gavin Andresen. Bitcoin was not even a MIT OSS project it was a closed SourceForge project.

The shift to GIT made way for new management types, altering the project's direction. That mistake is on Gavin Andresen,
Fun fact even the licence was changed to the MIT licence - Core Developers have even removed Satoshi's contribution to the project from the copyright licence. (probably because Satoshi didn't give a concept)

24m looking to DCA into BTC in my Roth IRA. 30+ years of non taxed BTC growth is extremely enticing to me. I’m currently investing $85/month into FBTC and would like to keep that level of investment. My question is, is it better to break that $85/month to a weekly level? Or keep it monthly?
$22/week or $85/month?
Thanks for the advice!

BTC can at best do 7 transactions per second on the base layer. This is a deliberate choice to limit the size of blocks, and there has been zero effort made to improve that. Other chains have much higher throughput without any meaningful implication to decentralization. There is no technical reason not to increase this throughput, but it really doesn't matter at this point because the protocol will not be changed anymore in that respect. This has been made an essential 'feature', sometimes even claimed to make BTC more valuable! You can also completely disregard the highly flawed 2nd layer solutions because they don't address the issue when people hodl BTC in their wallet.
Now BTC has become this 'store of value’, and a lot of people are 'stacking sats’, and they have been constantly told: not your keys, not your coins! Anybody with a meaningful stack doesn't keep it on an exchange, which makes total sense, considering what BTC’s original promise was.
If the price starts to crash, there is no way the average hodler can get out of BTC because fees will be too high, and there is no way individuals will be able to compete in a fee market. The smart speculators and whales will be selling though and be taking profits. Now you could make the argument that the price will never crash again and that you could eventually sell some of your 10x'd stack, then some more at 20x, etc., but that's extremely naive. This is a game of musical chairs, and only those with big fat asses will be able to sit down. When there is no value created, value is redistributed.

Yes, both. Heavy BTC and stacking physical gold and GLDM.

Well… do you think that the few people who are billionaires now due to bitcoin have really hodl since the beginning.. well Most of them NO. They either forget about their BTC or kept looking for their keys for years. I know people who bought Btc at cents and sold it at 1$ and 2$ look what they have missed.
Being profitable in ALT meaning either you know when to exit with your profits or endure the cycles. It seems to me like when you hit 100k you were in euphoria that is the trap

That explains why there’s a 5% global adoption everyone found out and got burnt….if you’ve held BTC for a year or more and aren’t up you are lying.

Every cycle has that moment where people say “it’s too late”… and then watch Bitcoin rip another 2x, 3x, even 10x from there.
Right now, supply on exchanges is at multi-year lows, institutions are scooping up every dip, and retail hasn’t even woken up yet. The stars don’t line up like this often.
I’ve been through enough cycles to know how this plays out: the ones who hesitate end up buying way higher, and the ones who stack now ride the wave.
Call it FOMO if you want, but I’d rather feel FOMO getting in *early* than be the person staring at $150k BTC thinking “damn, I should’ve bought when it was right in front of me.”
Don’t overthink it. Stack. Hold. Zoom out. 📈

"I feel like bitcoin is getting farther away from the alternative it was created to be." - exactly the reason OGs recommend (and do themselves) stay away from it nowadays. Guess the "last phase" will happen when bitcoin is tradable at all major banks. The "security budget" problem isn't really a problem but a feature.
Money has already been transferred back from institutions to "normal people". I think this was the main purpose of BTC. Let's see how humanity will get along with it from here (or not). Buying in now serves the interests of all early(er) Adopters and only pumps their bags.

Yes, fixed amount. Regardless of the BTC price.

I am 30-35 y.o. male, working in tech. Most of my peers are interested in my audio Ray Ban metas, but nobody else owns them. I live in a HCOL area and I see people on the downtown streets wearing them occasionally.
I am generally an early adopter of tech. Most tech I buy goes on to become very mainstream: I bought an android 1.0 device in 2006 before the iPhone was released. I had noise cancelling headphones and swore by them, before airpods. I used ChatGPT 2.0 before it went mainstream in 3.0. I used research peptides a decade ago, and now they are massively popular. I installed a comma openpilot in my jeep 3 years ago so it can drive itself. I bought Ethereum in 2016. I bought BTC in 2010. I bought a galaxy VR headset at release. That one sort of flopped.
I also flopped on the rabbit r1. Otherwise I've been pretty good at jumping into new tech right before mainstream.

Just a tip: 24H graphic is worthless in BTC.

It's never a wrong time to buy BTC.
But if you want to make any short-term profit you would need to leverage it in alts. But you will certainly lose it instead so don't do that.

You’re assuming as money gets printed it’s going into BTC 😂

You spent your BTC on a service when it was worth 300. You got it full value at the time.
The 350k isn't yours. She turned that 300 into 350k by diamond handing the Bitcoin.
Maybe by accident? Maybe not. You can never know for sure.
But either way if she was just lucky or forgot about it or whatever she earned it by diamond hand no matter how she diamond handed.

BTC and ETH always dip and recover. If you believe long term, now is as good a time as any

agree with this. I'm currently on +77% gains since last year with BTC. Please avoid like a plague.

24% BTC, 10% ETH