BTCUSDT20240802C68500
Bitcoin / Tether USD Aug 2 2024 68500.00 Call
crypto

This concept has been talked about by AmericanHODL often. He calls it the Bitlife crisis. To sum it up, every Bitcoiner gets to a point where they are no longer acquiring sats at the rate that they did when they first started. That being said, the is still no other place better to put your money than Bitcoin.
To me, it still makes sense to continue stacking as every dollar I put away today will be worth significantly more in the future. I am not stacking as aggressively as I was (living in a camper rent free and liquidating my life savings to buy BTC), but I continue to DCA and save in Bitcoin. My struggle now is to find balance between long term thinking and loving in the immediate to short term. There is no one size fits all answer, and it is up to you to decide what you need to prioritize within your life.
Looking to the future is admirable and great, but time is fleeting and life is about enjoying the present and sharing experiences with those you love.
~A diligent HODLer since 2020

BTC cannot go over $5.5M per BTC or it would exceed world GDP

Thanks for your views.
It seems to me that the points BCH-ers use to attack Bitcoin seem very similar to the points BSV-ers use to attack BCH.
Can you suggest any sources where I can read up more about BSV vs. BCH vs. BTC?

I get that you’re committed to the bitcoin maxi framing, but none of this changes my viewpoint. Ethereum’s monetary policy, security model, and utility are exactly why I prefer it, and I’m not interested in arguing narratives back and forth. You’re treating assumptions as immutable truth, and I’m simply not buying into that worldview. We clearly value different things in a network, and that’s fine. I hope you’re one of the few whole coiners in this sub. I could’ve bought BTC when it was $600. But i chose ETH instead when it was just over $13. And i know i made the better choice in the long run. Regardless, i hope we both exit the matrix.

What do you know, many maximalists know the sky and the limit, BTC is at the top of the chart, Fiat is between the top and 0

BSV made that claim, but it‘s a ridiculous claim to make for a chain that wants to implement financial controls, confiscate other peoples coins, censor transactions and refuses to fix bugs or make technical updates out of some puritanic view of the past.
Satoshi advocated for the economic consensus to be permanent, but never advocated for there not being technical upgrades, security fixes and maintenance.
BSV can claim all they want, just like BTC, but ultimately if their behavior does not align with Bitcoins design, they don‘t get to claim they‘re in any way closer to it than other chains.

That makes sense, but it's hard to spend money you don't "need" but could still use once it goes up. Example: If I saw my 10k BTC go to 100k, I might want to get a new car or pay off student loans, get that down payment on a condo i always wanted to get.

I use P2P on Binance to buy USDT and then convert to BTC

Can someone explain me the hate? He is referring to the broader population, that don’t understand money and value even in the broader sense, swolloing the inflation, instead of holding hard assets. If the Everyman would see the value, BTC would explode. And he is trying to explain it as much as much as humanly possible, doesn’t mean people listen, care or understand.
But I am curious what a bear market will do to strategy.

Adoption has been set back many years because of BTC dragging its feet and insisting on Lightning instead of (significantly) increasing the block size.
Back in 2015/16 banking apps were still pretty clunky but nowadays (at least in Europe) I just scan a QR code with my bank’s app, approve, and it’s done. This edge that crypto had is now virtually gone. Governments and regulators had ample time to catch up and stifle innovation (KYC all over the place) and improve the traditional banking experience for online shopping to match crypto’s.

Below are the things he tried to hide in his report. Next time use a better blocking method, dude :)
\--
This model is built to identify historically price–volume patterns and use them to estimate short-term direction in BTC. The system transforms each recent window of market data into a fixed-length representation using a **convolutional autoencoder** trained directly on the instrument’s own past behaviour.
During inference, the most recent pattern is scaled, compared against all past embeddings in the training window, and ranked by **cosine similarity**. This makes the model entirely data-driven: no indicators, no handcrafted rules, and no assumptions about trend or volatility. Its predictions come purely from the statistical recurrence of price behaviour in the underlying dataset.
The model uses a **lightweight convolutional autoencoder** to turn each price-volume pattern into a compact numerical embedding. The model looks at a fixed window of candles and compresses it into a small vector that represents the overall shape and behaviour of that pattern.

As someone who got in around 2012, it's bittersweet. The original cypherpunk vision was about financial sovereignty and censorship resistance, not institutional adoption. While mainstream acceptance validates the tech and benefits early holders financially, seeing governments and Wall Street embrace crypto feels like watching the rebels join the empire.
That said, we've still created something powerful. Even as institutions hoard BTC as a store of value, the fundamental properties of permissionless transactions remain. The real battle now is preserving the decentralized, peer-to-peer elements that made crypto revolutionary in the first place.

First of all I am a student.
Second isn't it risky. What if BTC goes to BEAR RUN. Then I will be down for \~100 days (historical 45 days).
And if someone who has money trades it, then it would be easy for him to earn profits and maintain the different phases as he has multiple income sources (assuming).

Bitcoin looks like it might be setting up for another push higher, according to a new note from BTIG. Their chief technical strategist, Jonathan Krinsky, says BTC has finally found a floor after the sharp drawdown we saw over the last few weeks. Bitcoin hit a record near $126,000 in October, then slid more than 27%, dropping into the mid-$80K range earlier this month. Krinsky argues that the selling pressure in November was driven mostly by investors rotating out of high-risk assets as AI valuations started raising red flags. But now, he thinks the technical picture for BTC has improved a lot. Bitcoin has already bounced off its recent lows and is trading back around the $90K level, up roughly 2–3% over the last few days. In his note, he pointed out that Bitcoin has historically bottomed around November 26, with strong seasonal momentum into year-end. Based on that trend and the recent reversal, he thinks BTC is poised to continue its reflex rally at least back toward $100,000. The bullish sentiment isn’t limited to BTC either crypto linked equities have been popping as well. Mining stocks like Cipher Mining (CIFR) and Terawulf (WULF) jumped more than 30% earlier this week, showing some real strength during the recent bounce. Overall, BTIG’s view is that the worst of the short-term pressure might be behind us, and Bitcoin could have room to climb again if these trends hold.
What do you guys think legit setup for a year end run, or just another temporary bounce?

lol btc community s pretty crazy tho, i feel like if it going down to a certain price many people will ready to sell their house to buy more. Personally i only buy BTC and gold. I dont like and believe in stock etf and stuff luke that

Haha, appreciate it. I’ve invested in real estate, stocks, Forex, gold, bonds, ect. But I keep coming back to BTC while selling everything else. “There is no second best” 😆

> What I got from the 2017 fork is that keeping the blocks small would basically trap original Bitcoin into a speculative asset, not being able to scale into a real currency.
Which is exactly what happened.
> threat to the control of money supply
Which is why it happened
> how having bigger blocks and faster transactions would still make it decentralized
The whole decentralization FUD by small blockers blown way out of proportion and contrary to what Satoshi said. They did this intentionally to discourage a block size increase, not because it threatens decentralization, but because it threatens BSCores control over BTC. Bitcoin was never intended to be run on Luke Jr. raspberry pi.
> Long before the network gets anywhere near as large as that, it would be safe for users to use Simplified Payment Verification (section 8) to check for double spending, which only requires having the chain of block headers, or about 12KB per day. Only people trying to create new coins would need to run network nodes. At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware. A server farm would only need to have one node on the network and the rest of the LAN connects with that one node.
>
> The bandwidth might not be as prohibitive as you think. A typical transaction would be about 400 bytes (ECC is nicely compact). Each transaction has to be broadcast twice, so lets say 1KB per transaction. Visa processed 37 billion transactions in FY2008, or an average of 100 million transactions per day. That many transactions would take 100GB of bandwidth, or the size of 12 DVD or 2 HD quality movies, or about $18 worth of bandwidth at current prices.
>
> If the network were to get that big, it would take several years, and by then, sending 2 HD movies over the Internet would probably not seem like a big deal.
— [Satoshi on server farms and SVP clients, November 3, 2008](https://satoshi.nakamotoinstitute.org/emails/cryptography/2/)
Most agreed with Satoshi there, until he vanished and the BSCorons took over, made BTC useless and guaranteed people are being herded into custodial solutions, which defeats the entire purpose of decentralization to begin with…

Yes you can bridge Bitcoin into Solana as zBTC (Zeus) and lend that. You hold zbtc on Solana which is decentralized. It's secured by staked nodes with vote authority. Not admin keys. From there you can lend on any major Solana lending protocol.
When done you can bridge back out. Not sure how more people don't know decentralized Bitcoin now trades and exists on Solana. Makes all unsafe and slow Bitcoin L2s & side chains pointless. Makes centralized wrapped BTC pointless too.

Good because they had the annual Black Friday sale as people cash out. The funny thing about bitcoin is that it's immutable math of supply versus fiat against supply, none of this fake ass "demand" bullshit the stock market uses to force winners and losers. When a stock goes to 0 its because its a scam (either the company is trash or are victims of aggressive market activities that are only legal when you have all the money). When Bitcoin goes to zero, it will be because whales emptied their wallets for some other scam. I've said it before and said it again - do the fucking math - if bitcoin ever "climbs to $250000" then the USD would be inflated beyond 100x in order to satisfy the market cap; or for the simpler simpletons, if BTC goes to $250k, the American dollar will be worthless as currency because we've developed a TRUE funny money market based on nothing and everything will either need to capitulate and join or be labeled a clown currency and go the way of Zim.

How does the reward scheme work?
Sounds good but full T&C’s not published yet as far as I can see. Seems it's going to be 1k for 0.5% BTC, 10k for 0.75%, 50k for 1%, whether that’s monthly limit / cap, yearly etc I do not know.
Uphold still best for GBP imo rn. 1% paid monthly upto max of £100 rewards, (which requires £10k spend), but 1% from start on everything, no tiers for that 1%