BTCUSDT20240825P57500
Bitcoin / Tether USD Aug 25 2024 57500.00 Put
crypto

I keep reading that BTC transactions are supposed to be pretty expensive — often $10 or more for a normal transaction.
I just made one myself and it cost well under $1 and was confirmed quickly.
Did something change? I can’t really find much information about it. According to the tools I checked, my fee was completely normal — so why are BTC transactions considered expensive?
Is there a clear 1:1 comparison with Ethereum that could help me understand this better?

Oh? You’ve been waiting for a bunch of mouth breathing, inbred, silver spoon fucks to show up and manipulate BTC for their personal gain?
Cool.

So, BTC $100K EOY 2025?

I feel this way average cost $22,000 I been buying since 2019 and I only aggressively buy on dips I started buying Tesla about 1.5 years ago it has also played out will for me. I will still accumulate BTC because I believe it’s just going up for ever. But now I do accumulate other assets.

BTC to 250k 🤑

The new mandala chart BTC

I dont think it’s a gamble.
I’ve been in crypto for 12 years now and seen it explode, and it’s here to stay.
I can see how you can call it a gamble, but here’s the thing. Crypto is global, and has access to ALL of the worlds funds. It’s power lies in its global network, and ability to harvest wealth from ALL currencies.
Literally every single currency on this earth is fake funny money, that’s always being printed. Crypto has a set limited supply, and access to all that fake funny money. It will eventually absorb all of that, and be a true global store of value. BTC is already in the process.
Also, I think most shitcoins will fail. But the top 50 have a chance

There were people saying BTC would be 150k by now. 🤣

Scared to figure out that what ever information you feed it will tell you the same, you are wrong, selling BTC is the last resort and there are many many other solution they will employ before.
It's hard being wrong when your ego is in the way.

In 10 years BTC will either be on track to hit 1 million or it’ll be worthless… no between

That's pretty much the point I was hoping to make. The inherent risks in opting for a crypto-portfolio full of only altcoins and memecoins. The general health and success of both of those subsects of crypto rely on confidence in Bitcoin.
Even though it wasn't bad news concerning crypto specifically, this last year has still been chock-full of economic uncertainty and turmoil which leaves a speculative tech-asset like Crypto stuck in bouts of turmoil. BTC's fluctuations, dips & spikes, shaky ATH rejections in multiple different months, etc have all taken their toll on alts/memes for the last year.
It's not just "crypto boomer-talk" when people suggest that a good portion of one's portfolio should contain Bitcoin. It's because of its track record for having the least volatility and long-term resilience.

Why would you sell real gold for "digital gold"? BTC is great, I got in super early and it's made me a ton of money. But I also hold a ton of gold and silver. 
Crypto still has a glaring weakness, in that it is digital. Solar flare, emp, nuclear war, attack on our power grid, etc. 
There are a ton of scenarios where the entire crypto system gets crippled or destroyed. 
Gold is the bedrock hedge store of wealth. 
You have both. Don't 100% into either. 

I think that window was open until mid 2017 when BSCore slammed it shut and the mass exodus of users due to adoption running into the wall of the blocksize limit and the subsequent price collapse from 16k to 3k occurred. This double whammy (seeing BTC grind to a halt and stop working with exorbitant fees, slow and unreliable transactions and the loss of value) clearly communicated to the entire world, crypto was a joke.
BCH would‘ve had a chance to maybe wedge it back open if it had not lost the ticker. But then, we where still struggling with several characters inside BCH that also tried to destroy it. So really, by the time BTC got the ticker, it was all over. History had moved on and crypto became irrelevant.
BSCore squandered the maybe one and only chance crypto ever had to be real world relevant in the way Satoshi intended it to.

I thought I'd seen something where there was an experimental community or country that even had BTC ATMs, and all of the local businesses will BTC /Satoshi as a means of payment for goods and services.
I certainly understand the complications o is rubbing a localized economy with such a model, particularly for the people spending it, and then watching that same "Pizza" become a thousand dollar pie the following week so to speak, but if that was the case, or would also mean their holdings would be as valuable as they were in their accounts.
I suspect managing a "crypto economy" would be tricky to manage as the basis for a micro or macroeconomic model (vs some other "somewhat stable" commodity (li like AU or something (not Fiat) aside from it's sheer trade or exchange value....I just don't know how that would work.
I imagine it would have to happen on a much larger scale and there would have to be some controls in place over the total trading volume of the BTC that the country or community could make globally as a large scale holder.
Like some kind of process or price lock (where it's value only changes periodically and no matter what, remains stable in between cycles or something). Just speculation here, but being an economy on a currency that's value fluctuates wildly and unpredictably might be challenging to say the least! 😂

Def BTC

As if the world can’t just up and decide BTC is useless overnight at any moment

Not high enough though. The block reward halves every four years while inflation keeps rising. Miners’ bills don’t shrink - energy, hardware, maintenance, and infrastructure all get more expensive.
Back in 2021 the reward was 6.25 BTC and the ATH was around $69k. Even if you simply doubled the price to account for the halving, you’d expect something like $138k. But BTC never came close.
That means miners are getting squeezed harder each cycle. And without miners, Bitcoin’s security model breaks down. If $126k was the cycle top, that’s a flashing warning sign for Bitcoin’s long-term sustainability.

Best Bitcoin ETF goes to BTC.

I bought some shares of IREN. I like that they mine BTC but don’t hold any. They sell it to the bitcoin bros as soon as it’s mined and let those suckers fund their AI infrastructure build. 40k per coin mining cost on average. 
I’m not convinced the AI bubble is popped. Infrastructure for rent is still gonna be a hot item. I think a bit of good news and all three are gonna rip upward and destroy your puts.

I predict BTC will decline roughly 70-80% I'm 2026...
Am I a genius when it does? No.
Because it's year four of the four year cycle, and that's what it does... And has done for the last three 4 year cycles.