BTCUSDT20240612C66500
Bitcoin / Tether USD Jun 12 2024 66500.00 Call
crypto

How many times BTC has been declared going to the moon.

Andere zahlen für Fitness, der Bro investiert in BTC!

It depends on how much BTC you are buying. Most CEXes won't trigger the KYC procedure for smaller purchases and transfers.

Kleinen Anteil BTC fände ich logischer als die Einzelaktienwetten.

BTC update 22.06.26 - 24h Market Forecast (Wavelet Decomposition)

You know how people say: "I bought 3 bitcoins," "I invested in bitcoins," "I'm stacking satoshis," "I transferred bitcoins to my wallet," or "I mined bitcoins"? However, all of this is a misconception because no bitcoins or their fractions (satoshis) actually exist. The piggy bank is empty.
The misconception stems from a post by an unknown programmer who claimed to have invented a payment system that transfers money. But all his invention does is maintain a decentralized database over a peer-to-peer network that shows which numbers belong to which addresses.
People came to believe that this network and its underlying protocol, collectively known as Bitcoin, record an amount of money, namely these bitcoins (abbreviated as BTC), in the database. But that money is not there.
For instance, people often claim they have bought digital money, even though nothing digital exists in proportion to the assigned numbers. A person whose address is assigned the number "50" cannot show fifty files, data structures, or software products. There are no digital "bitcoin objects" that can be mined, bought, owned, moved, or used.
It is even more obvious that nothing physical exists. Despite media illustrations of metal coins stamped with the '₿' symbol and frequent claims that one is buying something comparable to collectibles or commodities, no fifty tangible units of any kind are stored or reserved for the person next to whose address stands "50."
The most common misconception, however, is that people believe they have bought something akin to fiat currencies, e-money issued by companies like PayPal, tokens, or even stocks. Yet, all of the above are instruments of liability, where the holder derives a benefit upon the fulfillment of that liability.
Stocks track a company's obligation to its shareholders. When companies decide to distribute profits, execute stock buybacks, or liquidate the business, they are legally required to make direct payments to shareholders. PayPal’s e-money and tokens, like casino chips, track the issuer's obligation to redeem them for a specified amount of fiat currency. Fiat currencies track the obligations of those who took out loans from commercial and central banks. Before repaying their loans, these debtors provide goods, services, and labor to holders of fiat currency, or, in the case of the state, the settlement of tax liabilities. If debtors default on their payments, banks seize their property, offering them at auctions to holders of fiat currency, providing them with a benefit in that way.
That unknown programmer, through his invention, does not track anyone's liability whose realization would provide a benefit to the holders of Bitcoin addresses.
Therefore, there are no bitcoins to be mined or bought. What people are actually doing is giving away electrical energy, money, goods, and services, and the Bitcoin network numerically tracks this act of gifting. Through a collective narrative and storytelling, this act is publicly misperceived as an investment or a purchase.
Centralized exchanges reinforce this misconception most aggressively by displaying the "BTC" ticker and USD side-by-side on trading interfaces. This is a visual lie, where the interface assumes that "something" stands behind the letters "BTC," just as a liability stands behind "USD."
Even critics participate in the misconception. For example, by speaking of an "overvalued currency," they assume its existence. They call the act of gifting "overvaluation," even though there is no digital, physical, or legal thing that the user has received and could value. You cannot say the price is too high when there is nothing to compare it to. Since there are only numbers in a database, the word "overvalued" makes no sense. You cannot overvalue the number 50; it is simply 50.
In short, this entire misconception boils down to people gifting existing wealth to one another in the hope that tomorrow someone else will gift them more, all while convinced they are investing in the money of the future. It will all collapse when the public realizes that this money simply does not exist.

> Is there anything else you'd suggest for this plan? What can I add?
My advice is always to diversify. Ie. don't invest just in BTC, but to other assets too like diversified stock ETF.

I’m not convinced this is the bottom yet.
I remain bullish on USDT/BTC.

You could always tumble or wash the BTC through an anonymizing currency.

While I don't think you're wrong, that seems completely counter to one of the entire points of BTC (and crypto in general). If one central bank's monetary policy affects BTC more significantly than its target currency, what does that say about these assets?

In BTC protocol a full node is a miner, making block templates to be signed by mining workers. The miner maintains consensus and votes with its mining power. And gets paid for the effort.
A "full node" without mining is a limited relay and/or blockchain seeding node. Has much less power in the network.
There are some reasons for you to run your own node.
- to increase your privacy a bit, by using your own node for SPV lookups and as relay node when initiating transactions.
- as a learning experience, understanding more of Bitcoin.
- because its fun
- as an expression of your dedication and support for the network.

Future AI will use BTC as currency is doing a lot heavy lifting in this thesis lol. Feels less like an investment case fot btc and more like fan fiction about Elon

> Bitcoin seit 2020 +1,300% lol
ja ist klar, wenn man so hart Kirschen pflückt.
Und bezogen zum Tiefstand 2021 ist BTC gerade mal +100%

If you buy anything using personal info and transfer it out of that platform there will always be proof you purchased it and a trail to follow. There's ways to remain anonymous all the way up to getting cash for your BTC but it's not something I care to share or necessarily have the complete knowledge on. You can easily read up on this more doing some quick research.

The fed were always going to be hiking at some point and this is not good for Bitcoin.
What happens during high inflationary environments? 
Risky assets such as Bitcoin get liquidated in favor of safe haven assets such as treasuries and metals.
The bottom is not in for BTC and there's still a lot of pain to come

Know your customer, basically providing personal info in order to use a service, bank, etc. Anytime a bank asks for you S.S, name, address, etc you're doing a KYC process. There's a few obvious reasons why someone wouldn't want to provide any personal info to purchase BTC.

I used to like him but now I'm concerned his plan with all that BTC when the price goes up in a few years is to simply become Blackrock and buy up everything.

So what's your opinion about BTC? Is it a scam?

Yeah that's sort of the conclusion I came to as well using the price logic. But the problem is we might see diminishing returns with Bitcoin.
Still, paying a 100k note until 2049 I end up paying what the home is worth by then. So as long as I have cheaper shelter until I'm ready to buy a home again, I should be good. Especially if buying BTC.

yeah the institutional demand is real but id be a little careful treating it as pure conviction. a lot of that ETF flow is allocators ticking a "we have some BTC exposure"