BTC

MK2809

BTC to drop more now to keep the Inverse Cramer alive?

Needsupgrade

In other words BTC is non-fungible , a critical property for becoming money.  Needs base layer anonymity. 

JSt3ttr

Lmao no if by store of value you mean reserve currency then no. Reserve currencies are usually negatively correlated to the economy where BTC doesn’t trade like its fundamentals would suggest it should. It trades like a high beta equity.

Swieter

I was thinking something similar. There needs to be perspective. 0.25 BTC buys a lot more today than it did a year or two years ago. So we need to see some relationship here to fiat or something else.

rjm101

> This is not an essential as I already have a car which runs perfectly well, I just fancied an upgrade. I think you answered your own question here. It's a luxury. I would go even further and ask do you need your current car? If you live in or around London probably not and so you could probably get to 0.23 BTC.

MitchCumStains

Starting several years ago, I have often wondered how this distrubution problem (IMO) could be solved. If 1 guy holds 10,000 BTC, but its not super valuable because of a lack of distribution...would he be willing to cough up 90% to the general public (like UBI) so that BTC could fully take off? Could the return be woth it? Could it make BTC increase in percieved value by 100x of all the whales did this?

RizzoStaxx

Depends on how bad you need to car. You’ll probably be able to buy a nicer car if you save in BTC for a year

OderWieOderWatJunge

If you find a wallet with 1,000 BTC, yes.

DaVirus

Traditional investment that you top up regularly, right? So if you have been doing the same with BTC, you would be up at least 2x. It's a great advertisement if people don't try and time it.

Fajarsis

BTC doesn't have any 'account' it only has 'address(es)" and private key thus cannot be 'frozen' by anyone. Virtual/custodial wallet and/or exchange account can be frozen by respective administrator / management. It will be quite stupid for Kim Jong Un and friends to store their asset on custodial wallet and/or exchange.

Rooftop720

Put money on BTC then buy 2 cars when price hits 100k and up

CMB3-37

That’s the best summary of this broken 2024/25 bull run I’ve seen. This cycle will go down in crypto history as the worst bull cycle ever, alt season never eventuated, & BTC stagnated.

Wakafon

I sold both my cars to invest in BTC with the money left over from cargobike purchase. What is big money for you ? With the current price of BTC, you are still looking to 2x your investment.

MasterWizardDelRey

I've recognized BTC as my own personal SoV, don't know 'bout the rest

solomonsatoshi

Most here still dont understand the Chinese CBDC Yuan is more likely to replace the USD than BTC.

Lazy_Revenue_5342

I’d keep 3 months liquid barely beating inflation with a HYSA , because hopefully the emergency is just job loss and with hustle, finding SOME work in 90 days is doable. If I’m out of commission then I’d use credit cards to cover months 4-6 and then use the BTC to pay it. Hopefully 6 is all I’d need to bounce back so I only sell and pay taxes on what I USE rather than estimate and sell more sats than needed

joecool42069

In the U.S.? Any time you send BTC to a wallet you don't own(or custodial) is a taxable event.

Vic_CalBear

Figure Lending offers ETH and BTC-secured loans, but with a hefty 16% APR 

RiddyD

Guys can you reassure me that BTC will make me rich please

screechingeagle82

Drive a shit box. Add BTC.

Enderbeany

You’re only a few years out from being able to create actually collateralized cash flow with your BTC…and you can use that to pay for your car without selling the BTC. It’s a bigger game - grab the asset that appreciates - not the one that depreciates.

These_Analysis7274

You can have two cars if you invest it in BTC 🚗 💨

Bong_Banditto

The car is a depreciating asset, Bitcoin appreciates. You could buy the BTC, then borrow against your BTC to buy a car for 3.5k at a 50% Ltv, or to be safer borrow 2k for a healthier collateral ratio. If you have a car already it is much better to put the money to work

Yodel_And_Hodl_Mode

The halving isn't a switch that flips to make the price go up. The halving is the cutting of the block reward in half. When the halving happens, it only affects one person - literally just one person: the miner who won only half as much Bitcoin as he would have won before the halving. One person. Ten minutes later, it affects a second person. Ten minutes later, a third. I'm going to say this again because it's really important to understand: The halving isn't a switch that flips to make the price go up. It usually takes close to 6 months for cutting the block reward in half to effect the market, causing the price to rise. **The Price Of Bitcoin And The Level Of The Lake** Picture the market for Bitcoin as if it's a giant lake. Buyers take water out, and sellers dump water in. But there's also a river constantly flowing into the lake. In this analogy, the river is a steady flow of newly mined coins entering the market. The price of Bitcoin is where supply meets demand. The price is a balance of how much sellers want for their coins, and how much buyers are willing to pay to get 'em. The supply includes that river of new coins created every ten minutes by the block reward which eventually the market when miners sell. Dam up a river and the level of the lake it feeds into will eventually drop. But it takes a while for the effect to be noticed, because the effect of the dam is tiny at first but it builds up over time. Once every four years, the Halving cuts the flow of that river of new coins in half, which means even if demand for Bitcoin stays flat, there won't be enough coins for sale to meet that same level of demand. At first, cutting the block reward from 6.25 BTC to 3.125 BTC is such a small change that it makes no difference. But do the math on how many coins per day the halving takes away from the incoming supply of new coins. 3.125 less Bitcoin every ten minutes. That's 18.75 less Bitcoin every hour. That means 450 less Bitcoin every day. Over six months, that means 82,350 less Bitcoin entering the supply, compared to before the halving. Over time, the supply of coins for sale drops because fewer Bitcoin are being created since the block reward was cut in half. At first, the halving has no effect on the market, except for hype and misguided news stories. But after a while, the effect of cutting the block reward in half builds up. There won't be enough coins for sale to meet demand even if demand stays flat. Thus, the price will rise, even if demand doesn't. This is known as a Supply Shock. It's why the halving of the block reward doesn't have an immediate effect on the price of Bitcoin. Instead, the halving causes the price to rise five or six months later. **And The Best Part?** The best part of everything I just said is that it doesn't take into account the number of big players coming into the market, competing to buy coins at a time when fewer new coins are being created due to the halving of the block reward.

Mr_Hodlerr

ETF inflows, I heard Wisconsin state is buying $100 million worth Blackrock BTC ETFs

rizzobitcoin

I use Bitcoin for payments when I can. In fact, I pay the contractors who help me research these posts in BTC

genius_retard

You need to learn about UTXOs, how transaction fees are calculated, and why buying many small amounts of BTC can cost you a lot when it comes time to spend them.

jawni

CalSTRS, *just for educators*, is twice as big and CalPERS is 3x as big. And for additional perspective, add those two together and that's 2/3's of Bitcoin's market cap. Meaning that if both of those entities wanted just **1%** exposure to Bitcoin, they would have to buy almost $8,000,000,000 in BTC or .66% of the entire circulating supply. There is literally only enough BTC in the world for about 100-200 entities to do that, Saylor/MSTR is already one of them.

guestquest88

I wish I bought more BTC, but don't we all... All those charts are almost identical, the difference is the rate of return on them.

guestquest88

I got DOT and AVAX. I gotta say those "major" moves on DOT over the past 12 months, don't make me too happy. Shit got beat by BTC alone lol

omg_its_dan

Relative to the amount of goods and services that it can buy. How do you measure the value of USD today? It’ll keep “going up” because everything will continue to get cheaper when priced in BTC.

Less-Ad-4564

Theyre accumulating BTC like never before yet the price is still hovering around 60k

Mattie_Kadlec

Yes, November 8-9 in Maribor. This should be an action-packed conference considering that NiceHash should also reveal a new BTC payment option.

xSpAcEX7

yes bro. I missed my opportunity in 2017 when I bought my first car. Imagine if I bought BTC instead.

frostyjulian

One look at the abilities of a DAO combined with the fact that NO ONE is using them properly shows me that almost all as in 99.9% of all crypto is complete BS. It's the 0.1% that is spectacular. The real crypto world is basically BTC, ETH and less than 5 cryptos in the top 1000 that are nothing more than ok ideas when they were created, bad ideas now, and useless in the future, with none of the them besides the two I mentioned in the top 20.

GetBent1990

Stocks are profit --- BTC is life... I am up ALOOOOTTT because of the meme stocks right now. BTC can settle and go when it needs to

inkandpaperguy

Have more consideration future TripsterX, rather than listening to the urges of current TripsterX. Buy the BTC.

21millones

Buying a car that you don't need is throwing your money away. Buy BTC, even if it went to zero, you would be in the same situation.

Intrepid-Cat9213

Right. I measure dollars by how much rent they cover and how many apples they buy. BTC would be the same way

Mental_Platform_5680

BTC makes the moves the rest follow. The ETH and SOL charts are almost identical I don’t think your diversified if it’s just doing the same as papa BTC

Yok_Mu_Beni_Siken

Portfolio was 100% BTC until a few weeks ago, exited at 62k. Should have done that above 70k, but meh, can't time em all.

ButterMilkSleezus

Oh, it's fine. I don't worry about it that much. The only thing that annoys me, is that you have to fight hard to get that number of BTC back.

Karl_Mad

We need more fresh blood, so exactly buy BTC:)

Good_Extension_9642

"I now decided to buy each one of my children 10 BTC....thoughts? 🤣

ButterMilkSleezus

I took out a bit of BTC to buy a PC months ago. In my wallet I can see withdraws and deposits. The €2800 I took out, is now worth €6600. :'( Meanwhile the PC is going down in price by the day. I'm having fun with the PC though.

Yok_Mu_Beni_Siken

Oooh ETH/BTC hit a new low of 0.047 today I've missed that. Downhill since 2017.

Yok_Mu_Beni_Siken

This time it's different™. BTC is dead, please disperse, nothing to see here.

lazydogee

Like buying BTC is not fueled by greed in the first place… ok buddy

RevJohnHancock

And what’s even better is — it isn’t going to always be at that low price point. If I’m about to impulse buy, say, a new monitor on sale for $100 despite having several fine, working monitors already….well, that means I say no to the monitor and buy $100 in BTC. The rationale being that if I have the money to waste on a new monitor, it’d be of much better value to me to put the equivalent btc into my bag. 0.05 is a good, conservative estimate though….and it’ll feel even better when I crush through it if I set it as my goal. Thanks for that!

CletusVanDayum

At this point, a new car is a luxury. If you don't think you'll NEED a different car within a year, buy the BTC.

jahchatelier

Money IS historically and by definition a debt asset. All money. Its sole purpose is to extinguish debt, it is NOT defined by the characteristic of being a medium of exchange. Debt is levied as punishment for crimes, thus money is used to establish law and order, and the sole purpose of taxes is to establish a currency so everyone has the means to extinguish debt. Taxes are not to raise capital (as evidenced by our ability to print it out of thin air). It is actually the case that many people think they understand money when what they really have is an intuitive and incorrect understanding. Most of the trash that the BTC community says about fiat is incorrect and a red herring.

BHN1618

BTC is just a tool to transfer purchasing power from things that depreciate to something that we hope will appreciate.

jony_be

This is what BTC does. When your savings appreciate you reflect on what you want vs what you need. Instead of buying cheap shit, you save for quality stuff. AND you don't need to go into debt. Hold on that car, and in 10 years you'll be asking yourself "why should I buy a car when I can save for a house" NFA, do what makes you happy

jollylikearodger

1. OK, that has nothing to do with anything. It doesn't make BTC a unit of account. We don't measure anything in terms of gold, rice, silver, or cattle. Sometimes in prisons, or in the past in prisons, people measure in cigarettes, but that still has nothing to do with anything. 2. You've got it completely backwards. You have to have people demanding BTC for payment instead of USD for that to happen. BTC has to he much more stable and a unit of account before that happens. If vendors are accepting blades of grass for payment, I'm grabbing handfuls of grass and keeping my USD (Greshams law)

skydiver19

Well think of it this way, a car is a depreciating asset over time. So spending a lot of money on a new car when you already have one many would say is a stupid thing. BTC has more chance of going up in value than any car, unless it was a collectors item of course 😁 So go with the BTC based on what you've already said.

Alarming_Run_4691

Buy BTC nfa

skydiver19

As you pointed out you don't need the new car you already have one which is fine. However if it was a situation where you are saving for something you need within a timeframe then you should never really put money in to something like BTC or Stocks and Shares since when it comes to actually needing the money, it could be worth a lot less, forcing you to sell for a loss. So if you don't need the money go for it, but if you do need it by an X date thats not far out then don't.

swampjester

>I already have a car which runs perfectly well, I just fancied an upgrade. Sell the car you already have, buy BTC, and walk everywhere.

livinthatfinlife

Question for all the pros here. What happens to the functional use of BTC if mining isn’t profitable and nobody mines. Can BTC function without mining demand?

Highly-Aggressive

BTC going Lambo sooo....

GoElastic

Good, i can get then plenty more BTC.

FlyHealthy1714

That is what I fully expect to happen...that governments will create (they're already working on it) and fully implement their own digital currency and at same moment make any crypto like BTC Illegal (not legal tender). I'm talking about China and USA. Getting paid by government, paying property tax, paying utility bills, buying gas or electricity, going to big box retailers ...all transactions...will be via government digital currency. I see this unfolding. Am I off base?

waferselamat

BTC one and only, hell yeah!!!

Able_Security_3479

Lever up, try to transfer it all or sell it all. Short the fuck out of $COIN, sell the shorts on the dip, buy BTC with newly generated fiat wealth. 😎

BlueCheesePuffs

Get BTC. This is not financial advice.

Classic33x

Makes no difference if ur buying with btc or cash. Spending cash on miners creates the opportunity cost of not buying BTC with said cash

Mattie_Kadlec

Time is flying in crypto. Crazy to think that BTC has been around for 15 years already as well.

Prestigious_Long777

To all the smart asses in the comment section. All Coinbase withdrawals > 10.000$ need to be manually accepted / reviewed. There is no way OP could have withdrawn the BTC to cold storage. He could have tried, but I think they’d regard that as attempted theft and he’d be in a shitstorm of legal trouble.

proXtu

Postpone the car and invest in your future (BTC). Low time preference FTW!

call-the-wizards

That's just your arbitrary opinion on what BTC should be, which I don't agree with. BTC was *never intended* as a way to pay for coffee or sandwiches. You can read all of satoshi's emails and he never says this. His goal, and others who worked on cryptocurrency, was an alternative form of payment free from government control. That's it. If you *can* buy coffee or sandwiches with it, that's a bonus. People who realize why government control of currency is a problem understand BTC has inherent value even if it costs net resources to mine. And then people like you who do not understand why that is a problem don't understand why it has net value and think the value has to come from 'obtaining profit.'

call-the-wizards

Why do people like you keep trying to tell us what we're thinking in our own heads? I've been hodling for 10 years. I had plenty of opportunities to cash out at a handsome profit but I didn't, and won't. Do I want the dollar value of btc to go up? Of course I do. Not because I want to sell, but because the dollar value going up makes BTC stronger and fiat weaker. Ultimately BTC becoming the dominant form of money benefits everyone, even those who don't like BTC, because it means money becomes more decentralized, more global, and less able to be manipulated by greedy governments. I don't care how many lambos I can buy with BTC because lambos suck. The important thing I care about is preserving what I've worked hard to obtain, and BTC is the best way of doing that.

Miserable_System_410

How would it affect the BTC’s future if the miners incentives are not attractive ?

GrandWazoo0

Yes they will pay higher prices, but if they want it, institutions will have almost all the BTC.

call-the-wizards

Farmland: You are only allowed to 'own' land at the pleasure of the state. It can be taken away from you if the state changes or another country invades or maybe just the good old mob decides to gang up on you and drive you out of town. In a lot of countries you *literally* can't own land and can only take out long-term leases. Oil: Do you personally own a tanker? No? Then the 'oil' you're buying is just a token on a piece of paper. If you do own a tanker, congrats, now you have to pay the equivalent of the cost of the oil every 2-5 years in ownership costs for the tanker. Precious metals: 95% of their value is speculative. Can easily be stolen. If you're storing it in a vault then, again, all you own is a piece of paper. How is this unplugging yourself from the matrix? BTC has the benefits of precious metals (can't be counterfeit) but none of the downsides. You custody it yourself. Can't easily be stolen from you if you use basic precautions. Etc. The funniest thing is that this person is talking about going against a 'system' yet is promoting the very core things that that system wants you to invest in.

RevJohnHancock

Thank you! Do you think it’s something you could see yourself doing? In order for me to stay disciplined, I have to open my app and buy the BTC at the moment I am having the impulse to buy the drivel in front of me at the store. This way, a). the impulse is satisfied and b). I don’t forget to buy the sat by waiting to until I get home. It’s gonna be an interesting ride, and I predict I’ll be a pretty happy camper in 5 years, though I still won’t sell. I consider the fiat that bought the bitcoin spent, plus I’ve already built up a large rainy day fund as well, so even in an emergency, I don’t have to sell my BTC. Now, I may buy something with my BTC to support a vendor who accepts it, but in that case, I would immediately replace by selling more fiat for the amount of bitcoin I just spent. Thoughts on these ideas?

Rino-Sensei

Now that you talk about it, what would happen to BTC if all miners stop mining ? Won’t that be the start of a crash ?

harvested

Um, unless you already had that 5 BTC in your account before this error. You will need to give that money back.

BLUFFground

Hi guys. Coinbase closed the account of my parents and sent their founds to Wyoming, USA (we are Spanish citizens living in Spain). I would appreciate exposure to the post I created in the Coinbase subreddit. Thanks in advance. [https://www.reddit.com/r/CoinBase/comments/1crm3n7/my\_coinbase\_nightmare\_funds\_gone/](https://www.reddit.com/r/CoinBase/comments/1crm3n7/my_coinbase_nightmare_funds_gone/) [https://twitter.com/BTC\_Spain\_/status/1790379403408470146](https://twitter.com/BTC_Spain_/status/1790379403408470146)

RevJohnHancock

Thanks. To me, it’s a permutation of the “for the price of your daily coffee, you can have [insert variable]” idea. Now, it’s “for the price of that worthless impulse buy that gives 2.5 seconds of instant gratification, I can own X amount of BTC at current market rate.” Seems like a wise idea. My dollars are buying less and less at the stores of the southeastern US. I already DCA as well. I also bought a large (to me) investment when price was 21768, so I’m pretty happy with my position. I’ve been in this space since 2017 (right before the crash of 2017), but tried to diversify with other altcoins and lost my ass. Lost money in Celsius, too. Got most of it back. Now I’m all bitcoin from here on out. I’ve learned my lesson hard the hard way.

Retail_Degenerate

If you had “the gall”? You had the gall to cash out 5 BTC and transfer the funds to your bank

kneebeards

My burning question for a while is what's stopping the government from making it illegal to own BTC directly so they can monopolize and then just start a new gold standard with Bitcoin then fiat the fuck out of it? I'm about 1/3 of the way through the Bitcoin Standard

MoarStu

When you lose 0.8 BTC it’s your problem. When you lose 8000 BTC it’s CB’s problem.

_TheWolfOfWalmart_

Oh absolutely, it'll take a while to play out. You've got the right idea, accumulate alts that are in the gutter but only ones that still look overall strong versus BTC since the bear market.

mbuchanan1107

Not true. The transaction came from his wallet address. He can prove it was sent to his wallet and because of that it is his BTC. He should have sold a hell of a lot more than 5 though 😂

Rydog_78

There’s only about a million plus BTC to be issued over the next 100+ years correct. So banks will have to eventually buy it from people or corporations like Saylor at higher prices.

KeepBitcoinFree_org

Ahhh, back and BTC was Bitcoin and was actually useful. Now it’s ruined with high fees, slow confirmations and custodial side-chains.

Ajax_ZQN

BTC price in USD at the time of this post = ca US$36,500, ie +70% increase since then. In the meantime gold is up +28% while the purchasing power of the US$ has declined -10.5% due to inflation.

Halo22B

FFS, dude, how about a cursory review of the topic you're looking to debate. Go do a 2min read on the Hunt Brothers and that was back in the 80's. All that being said, any market can be manipulated but at what cost to the manipulator?. Only government with the printing press has unlimited cash reserves and even they can't be too obvious or they risk the loss of confidence which leads to hyperinflation. But remember too BTC is finite. Oil or gold goes to 100k a unit, Elon will be mining Mars. Bitcoin going to 10million a coin won't bring on anymore production. The smart play is to HODL.

karma_hit_my_dogma

I have moved BTC to the same wallet address a few times and withdrew once. Safe to send more BTC to it or am I pushing my luck with it being swiped?

Ceasko

A lot of miners selling their last rewards from 6.25 BTC every 10 minute era

Hot_Assumption4481

Since I got into Bitcoin I always heard the stories of people losing keys and so I took note and said "that will never be me". I also heard people gambling on shitcoins and said "that will never be me". Then came the mining craze. I spent 1 BTC that I broke my balls and ass to get and bought 3 machines that were around 15k USD apiece. Made back .3 or .4 in the process, dealt with more headaches and uncertainty because Compass is a sketchy shitty company. And those machines are virtually worthless to run. To me, getting into mining was my "gambling on shitcoins" moment. Lesson fucking learned. Stay humble, stack sats. Simple words, complex interpretation.

GGAllinzGhost

There is only one thing better to hold than BTC...and that's gold.

xBrodoFraggins

Ok, so if I'm understanding it correctly, when silver and gold are traded on the market, it's not really changing hands a lot of the time, just numbers in a computer. So there's not always confirmation on the amounts actually being stored and is easier to manipulate. Whereas with BTC, the transactions are always on the blockchain, so you can't sell BTC that doesn't actually exist. The ETFs don't enable it too much because they still have to buy BTC in proportion to their shares. So it's not gold and silver ETFs causing their markets to be manipulated, but the actual commodity markets themselves due to the inconvenience of transporting heavy metals.

zombrex2311

People weren't kidding when they said to allocate your money to BTC instead of alts, well too late now. Just gotta ride the wave.

PaperCrane828

I mined with compass over the exact same time frame and something about your numbers seems off... you only got back 0.2 BTC with 0.7 BTC in electricity costs? My miners with compass returned \~ 150% on electricity costs... i.e. if I paid $500 one month I received \~$1250 in BTC. This includes TONS of downtime and other BS that compass is known for

GrandWazoo0

Institutions absolutely can win against the population. You probably don’t like it. I don’t like it. But they can gobble up BTC and they can hold a lot longer than normal people.

Archophob

buy those fake BTC, withdraw them to your wallet. If you get them, they were real, if not, sue the vendor. Assets can only be faked if they are stashed away in some depot at some exchange. Assets in your wallet cannot be faked.

Financial_Design_801

The State of Wisconsin Investment Board reports the following positions: BlackRock Bitcoin ETF: $99,167,688 (2,450,400 shares) Grayscale BTC: $63,687,310 (1,013,000 shares) This is a small part of a massive public investment fund (total value of all positions in the 13F filing is $37.8 billion). But the long-term importance cannot be overstated. https://twitter.com/macroscope17/status/1790394649120559570?s=46&t=ihVglVXC0BQSbw6j57EoaA

Live-Wrap-4592

These are great questions that are all answered by the ETFs that have approval, on the fund page. Naked shorting of BTC isn’t just risky because the price goes up, it’s risky because it’s fraud always, and it’s a lot more transparent with a blockchain

Halo22B

Your original post indicated shorting the ETF, now it's actual BTC shorts, which is it? You referenced silver, be aware silver is almost never settled in the actual metal (hey George plz send us a hundred tons of the shiny) it is settled in dollars. BTC is easily settled in BTC, ETF settlement IS in dollars but they still must hold the underlying so definitely much harder to manipulate.