BTCUSDT20240927C55000
Bitcoin / Tether USD Sep 27 2024 55000.00 Call
crypto

A new product? If you think they’re focusing any energy on their loss producing software biz, you’re crazy. BTC isn’t a product. It’s a holding.

We are honestly in a weird time where interest rates are going down, so you want to find a good place to invest your money. But every asset from gold to stocks to BTC is still pretty expensive and it’s a tough ask to invest when you can get hammered by a trump tweet.
I honestly don’t know where to put my money right now.

Not yet.. Micro, Blackrock, and other whales will have majority ownership of BTC. Then what? No different.

That volume is considerably low for BTC. Have you looked at IBKR?
The as another person mentioned, DEX exchanges like Uniswap are your best bet.

I'd bet even more would be wiped out of BTC claimed $200K too 🤯 /s

BTC sneeze. Alts bleed.

I'm still in data collection. My strategies are sound. I'm fine tuning now so it takes a while to get a good sample size. I basically have 3 different strategies for the 3 coins but each strategy is geared towards each coins tendencies eg like Solana is more volatile than BTC and ETH. My plan is to lock down my crypto engines then join a prop firm to fund bc I want it compounding. Crypto is going to fund my future builds. My endgame goal is have equity options really being main revenue driver. I'm all integrated with brokers l have a good Azure VM so the infrastructure is sound.

We have no idea how much cash they have set aside to cover their shorts. Look at this one for example. His short was to be liquidated at 91k, then 94k, then 99k but he kept adding liquidity.
[BTC whale](https://hypurrscan.io/address/0x5D2F4460Ac3514AdA79f5D9838916E508Ab39Bb7)

No doubt BTC is risky and speculative, and its price is substantially inflated by that. I'm certainly not going to argue it's definitely a good investment.
At the same time it's odd to say it has ZERO utility and ZERO intrinsic value, as if that invalidates its premise. Or perhaps that misses the point, because it puts the focus on intrinsic value as if that's the threshold for being valuable at all. What is intrinsic value? Does gold have intrinsic value? Does fiat currency? The value of any financial entity ultimately lies in the degree to which we're confident it will do what it says it will. For real-world economies and currencies, that relates to the underlying regulatory/political/military structures that back and secure them. Remove those, and the pieces of paper are worth essentially nothing. For gold it relates first to its shininess, later and more significantly to its scarcity, and much more recently to certain practical use-cases in tech, dentistry, etc. Discover the motherlode, mine an asteroid, or develop a superior material for tech applications, and gold's value will plummet.
In BTC's case, it's the most reliable *decentralized* means we currently have to *securely* and *trustlessly* send *provably scarce* units of digital value around the planet from user to user, and that's thanks to the very real network infrastructure that secures its ledger. To put it another way, we can be highly confident--relatively more confident than with other similar decentralized trustless networks--that when we send units of digital value around on the BTC network, they will go where they were directed and be there when we come back for them later. Whether that's worth $100K/BTC is very much open to debate, but it's not worth nothing. It's used and provides non-zero utility, and therefore non-zero value, to its users every day.
BTC is backed by something real--its physical network and its ledger--and it provides something real--its reliable, actually-used function as a means of moving digital value around. In that sense you can argue it has intrinsic value as much as you can argue the same for e.g. fiat. But more generally, intrinsic value simply isn't the only kind of value that's, well, valuable. BTC doesn't need other features to be useful. You don't need to be able to eat it or make jewelry with it. It's a digital asset, reliably proving digital scarcity, and securely moving units of digital value across borders. That's it, and you can argue it isn't "enough", but it's definitely something.

If I were those guys, I would put an SL if I had a short on BTC.

ADA, XRP, ETH, MOG, and of course BTC. But regardless everything is down right now so its a perfect time to buy. Most people are trying to cost average right now becausethey bought in at a higherprice than it is currently. If you just stepped in right now and bought a few thousand from a couple different coins like the ones I mentioned you would be in a great position.

That's why prison was the best option for early BTC buyers, "forced HODL" for the win lol.

JPMorgan Chase debanks you as well, while simultaneously offering crypto ETFs...
This is the new playbook to completely neuter crypto. That's why Satoshis Bitcoin, peer to peer electronic cash and an end-to-end crypto economy matters.
> It has been quaintly said, 'that the reason why money can not be followed is, because it has no ear-mark': but this is not true. The true reason is, upon account of the currency of it: it can not be recovered after it has passed in currency. So, in case of money stolen, the true owner can not recover it, after it has been paid away fairly and honestly upon a valuable and bona fide consideration: but before money has passed in currency, an action may be brought for the money itself.
— [Miller v Race (1758)](http://www.commonlii.org/uk/cases/EngR/1758/8.pdf)
This ruling is a keystone precedent establishing the fungability of money. It recognizes that the value of money lies in its utility, and that this takes precedent over the injury sustained by plaintiff, even when the money in question can undoubtedly be traced to plaintiff.
Governments have been busy chipping away at financial autonomy. Satoshi created Bitcoin for the purpose of financial autonomy... precisely to fix governments doing that.
The reason we're here in this situation today, is because Bitcoin was hijacked/sabotaged in 2017 when BTC forked off Bitcoin to become a custodialized cripplecoin. With widespread adoption as it existed prior to that, whatever banks would do would matter far less, and they would be far more hesitant to do it too.
There is a real Bitcoin, and it‘s the one that does this:
> **Bitcoin: A Peer-to-Peer Electronic Cash System**
>
> A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution. Digital signatures provide part of the solution, but the main
benefits are lost if a trusted third party is still required to prevent double-spending.
>
> What is needed is an electronic payment system based on cryptographic proof instead of trust,
allowing any two willing parties to transact directly with each other without the need for a trusted
third party.
— [Satoshis Bitcoin Whitepaper, October 31, 2008](https://bitcoin.org/bitcoin.pdf)
Should have never been ignored and neglected.

Im sure more in longs will be wiped out if BTC hits 80k

Orange = BTC, Green = ETH.

Yes, he has the same amount of btc valued less. Hence he has less BTC than what he could have in prior dates.
If he has now less than before, he lost money.
GL and HF, owned.

He has the same amount of BTC today that he did before when it was worth more USD. Nothing has changed except the exchange rate.
I should have known better than to argue with a 12-year-old noob. Have a nice day.

Every single XMR i've bought since I used to drone on about it here way earlier in the year is in profit. It's not a fabulous profit, but being up double - almost triple is still pretty good imo since i've been buying for around 3 years or so. I stopped buying after it started rallying though
Most of my other alts are okay (lots did bad, but most were either moonshots or just secondary investments), and my BTC stash is okay as well. What did you buy that knocked you down 60%?

I misunderstood your comment. OP is saying BTC is the best ETF and with that context you are suggesting it also has the lowest expense ratio, which is inaccurate when compared to the rest of the ETFs that exist (outside of BTC).

That has less to do with blackrocks revenues from it than you think.
Appreciation has certainly driven engagement. If BTC took a huge dive I bet engagement would as well. This recent dip doesn't count as a huge dive yet.