BTCUSDT20240615C74000
Bitcoin / Tether USD Jun 15 2024 74000.00 Call
crypto

I thimk that's a lot easier to say when we can still assume those coins will never move. The moment anyone gets access to that wallet and moves *any of it* the choice suddenly becomes one between freezing or deleting the tokens or warching the market crash so hard it takes the entire Crypto economy with it.
At that point all the big money rushes for the exits the moment it becomes clear Bitcoin isn't going to do anything, or they do something to preserve market stability.
For reference that 1.1 million BTC represents about 3 months of exchange trading volume... and that's a lot of tokens being traded in big circles, it's not the actual total of all tokens that moved in 3 months.
From the best data I can find, which I admit isn't *amazing* 1.1 million BTC would represent around half of the 'active' supply over the total network. EG half of all tokens that *currently* haven't moved from their current wallet address in over 1 year.
In other words if those tokens became active suddenly the year over year supply of Bitcoin in the market would increase by around 50%, and the monthly active supply would blow up by hundreds of percent...

The only way I'd lose support for BTC is if we lost access to computers and the internet. Otherwise I'm all about those dips 

Im just waiting for BTC to drop to 10K, so i can hold some.

It’s not up to CZ… but the Bitcoin Core team has been debating what to do about inactive wallets. Do you freeze them? Burn the coins? Let hackers steal them and dump them on the market? This is something that pretty much every chain is gonna have to take action on but BTC is in the toughest spot because 20% of the supply hasn’t moved in over 10 years. That’s enough to send BTC to zero which they can’t let happen.

If someone can gain unpermitted access to Satoshi's BTC or someone else's wallet in general, crypto is dead. There's not much value in planning beyond that because there (rightfully) will be no trust in the entire thing at that point and everything will go to zero.

Most people will lose money day trading due to these reasons
https://www.reddit.com/r/BitcoinBeginners/comments/c4zpw9/what_are_the_steps_to_trading_bitcoin/erzkfmm/
https://www.youtube.com/watch?v=rMJI1_TfJnU
https://NeverTrade.org
This study shows that 97% of traders lose money
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3423101
Wiser to invest long term , stack those BTC , and use bitcoin to save money

BTC biggest threat will remain the scaling of quantum computing.

Just hold for another 4 years and swap XRP for BTC (maybe ETH), but BTC is better.

That's part of it, but I'd push on it a bit. Self custody being easier doesn't stop a central bank or a major institution from issuing claims against Bitcoin they hold, same as banks did with gold. Easier individual self custody doesn't prevent fractional reserve practices forming at the institutional layer. And honestly, you can already see the early shape of it. ETFs, custodial treasuries, lending products against BTC collateral. The capitalists are doing the necessary work of mainstream adoption, but every one of those products is a paper claim sitting on top of the real asset. The dictatorship point is real too, money leaking out is a genuine cost a government has to weigh, but that's a separate mechanism from what actually stops credit expansion on reserves.

Exactly this. Can't believe people put their entire portfolio in BTC and that there are some people on here encouraging this.

If it can help… in January 2015 after a promising business partnership went bad decided to gamble money on BTC. 25,000 usd… I thought that could never be 0 and even a 2x in a decade would have been a success. That time 1 BTC was 200 usd…

> I'm literally the person who wrote those articles but what do I know right?
😂 Well I cudos the effort.
>Yes they do, but they all have mechanisms to minimize trust, maybe read the articles to know how they work ;)
Why minimize trust when you can go no trust at all? And even easier.
>Yes because I'm not touch the chain to do these transactions.
Buy adding in a third party....
You can avoid doing a tx for a long time, but you cannot avoid it completely. And if BTC is used as settlement layer a single tx could wreck you completely. Saylor has said he expects high fees (like all BTC devs) and has no problem paying 300k per tx.
>Its been almost 10 years, your proposed changes didn't find consensus, stop coping and accept reality, either do that, or cry harder for longer.
>Again, the market, freedom tech and freedom money doesn't care about how you feel about it.
So what? BCH is the better solution so much is clear. Even clearer after 10 years. There is no amount of time where you concede a right solution to others or the market. That would be nuts.
All these bandaids all these trust introducing bullshit simply because you do not trust Satoshis decentralized trustless network and are hellbend on: "everyone" (first worlders) need to check all the things.
>The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate.

I think you miss very basic concept to assume BTC can still drop to around 12k..
Anyways, if it really happens, I m sure most of the long term holders gonna top way more.

Bla bla blah. Here we go again. Another redditor who thinks they know everything who probably doesn't have a portfolio above 20K. Go all in on BTC it's your right. B But don't talk economics when you actually don't know what you're talking about. Waiting for the market to open up on Monday to sell help. Anything to do with investing. Absolutely nothing. You don't invest to where you need to sell 24 hours a day. If you're in that position, you probably don't have a savings account or any buffer and shouldn't be investing anyway, should be focusing on a budget learning how to live below your means.
What brokerage is going through a liquority crisis? When is that ever happened to you? I guarantee you probably don't even have enough money. The brokerage doesn't give it. Damn about your little balance. That's the problem with your conspiracy theories. Thank everybody's cheating you or has something against you. You don't have enough money and most people don't to affect the bottom line brokerage.
If you want to invest in Bitcoin investment, nobody saying that Bitcoin is a bad investment. That never once came out of my mouth. What I said was going all in or having Bitcoin. Majority of your portfolio is not financial savvy. It's gambling. It's going all in. No different than when you guys are running around. I'm trying to pump AMC and GameStop.
You want to focus on fundamentals of investing then? That's great if you're to the moon and just trying to throw all your money into something to try to get rich quick. More than likely 99 percent will not make any money. As I said, investing is mostly psychological and then technical. Most people can't get past the psychological part of it because if all your money is tied into one asset or one stock and it's going down, it's going to mentally physically drain and most people will sell out a lot of loss. Again we don't know when Bitcoin is going to rise up to 12 0 200k we don't know could be years could be 5 years. Could be 10 years. So if you're going to put your money and especially $178,000 and that's all you have and the one asset that's not generating any yield that's not investing. That's just parking money and praying that it makes more

Just took a loan on my stocks to buy more BTC lol. 11% APY but it’s doable for me personally. Downside risk doesn’t outweigh upside volatility. I think BTC can reach towards the million dollar range in about 5 years.

All anyone who invests needs to understand are returns. The S&P has stomped bitcoin over the last two years and will continue to do so now that the ETFs are here. Bitcoin isn't the get rich quick pump that it once was when it was new. Remember, in crypto the bag holders always get crushed by those who sell for profits.
Nobody really cares about the cap, because it doesn't mean anything as there is a mountain of BTC and those who will always be willing to sell it. This is the same logic of collecting Labubus, how many of those do you own? Super unique, bro.
I have purchased rentals, funded a new company, invested about in the S&P, all from buying and selling bitcoin. Meanwhile you are still bag holding like a chump. BTC is going to 50k and I will buy some back, just to sell at 63k for another nice profit.

Are you generating any yield on that BTC through staking, lending, spot, perps anything?

One question is how much of the capital that left BTC went into the stock market. Another is, what would cause more money to leave BTC. My guess is that there isn't enough capital in circulation for investors to both put money into crypto and fund the AI infra build out simultaneously. So I think money is leaving BTC to do fund data centers etc. I think when AI stuff stabilizes money will go back into BTC and it will spike again. To answer the OP's question, I think i would start seriously considering buying BTC at 20k and below if I was going off of vibes only because I believe that's around what it was during the SBF bottom. But more honest is that I don't know and don't follow BTC very closely aside from getting a mild trill watching it drop because I am jealous of a friend that got rich off of it and bragged a lot. All that said it's interesting speculating about this stuff and I'd like to know more about how asset classes are correlated and how much market. And it funny to humbly admit I don't really know what I'm talking about yet, but I that I think that mean-reversion is an interesting strategy and I think that might contain the answer.

Summarising a book isn't the same as reading it but in general it talks about other currencies throughout history why they succeeded and failed it talks through bitcoin how it came to be and what it does. It then poses the argument of why BTC and not any of the other coins that exists.
It's worth a look. The audiobook makes it easy to listen to while doing other things if maybe the idea of a book focusing on economics or crypto doesn't appeal to you. I can't remember how long it is but if memory serves it's less than 10 hours. Maybe like 6 or something.

BTC still has 122 days until the bottom so................
Bitcoin Metronome - Endian Engine
google it and save your mental for the day