Bitcoin and Crypto Thread


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Hopefully everyone packed their bags. It looks like we are getting a rally now. People are predicting maybe one rally now, and things usually cool off in the summer and maybe a second rally at the end of the year.. but who knows, just remember to take profits


Even if we do get an alt coin season in the next few days and weeks, that doesn’t necessarily mean all of the naysayers in this thread are wrong. 90% of the guys buying cryptocurrency lose money so remember to take profits on the way up.

Edit from the article

bitcoin News Today: Bitcoin Price Surges Past $101K as U.S. Legalizes Strategic BTC Reserves and Global Adoption Rises

Binance News
4h

Verified Binance official account
AI Summary
Bitcoin breaks $101,700 as bullish regulation, ETF inflows, and trade deals fuel fresh momentum

Bitcoin (BTC) has reclaimed six-figure territory, hitting $101,707 on May 8, 2025, marking a major milestone driven by accelerating global adoption and a series of bullish U.S. policy shifts. The top cryptocurrency has rallied over 4.5% in the past 24 hours, breaking past the key psychological level of $100,000, with traders now eyeing it as a potential new support zone.

Key Highlights:

BTC price hits $101,707, boosted by U.S. crypto policy and trade optimism

Legislation passed in two U.S. states to allow Bitcoin strategic reserves

Bitcoin ETFs and institutional inflows continue to climb

U.S. banks approved to trade and custody crypto assets

Positive momentum follows Trump’s trade deal announcement with the UK

Trump’s Trade Deal and Market Surge

Bitcoin’s latest rally aligns with a new trade agreement announcement by U.S. President Donald Trump involving the United Kingdom, possibly removing the 10% blanket tariff on imports. Trump’s Truth Social post hinted at multiple upcoming deals:

“Many other deals, which are in serious stages of negotiation, to follow!”
The traditional financial markets responded immediately:

Dow Jones: +500 points

S&P 500: +1.47%

BTC/USD: Trades near $101,600

Markets are now awaiting the outcome of U.S.-China talks scheduled for May 10 in Switzerland.


Strategic Bitcoin Reserves Now Legal in U.S. States

In a landmark move, two U.S. states passed bills allowing the formation of state-level Bitcoin reserves:

Missouri’s Bill 594, passed May 8, eliminates capital gains taxes on BTC.

Another state followed suit, indicating a growing trend of Bitcoin integration into public finance.

This shift comes amid increasing recognition of Bitcoin’s value as a strategic financial asset and inflation hedge.

Regulatory Green Light: Banks & Crypto Trading

In parallel with state legislation, the Office of the Comptroller of the Currency (OCC) announced that U.S. banks can now:

Trade crypto on behalf of customers

Outsource crypto custody to licensed third parties
 
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This completely misses the point. There are numerous reasons a grid may fail, that go beyond excess power capacity, and once a grid fails bitcoin is worthless.

Only those with cash and gold will have any buying power. If the grid goes out for years, then the bitcoin will fall to zero.

Bitcoin is linked to an inherently fragile system and is one of many reasons it is an extreme risk asset. Never invest more than you can afford to lose.
Bitcoin can be sent over any communication channel , including ham radio. Grid down is no problem
 
Bitcoin can be sent over any communication channel , including ham radio. Grid down is no problem
A guy at a recent Bitcoin meetup I attended was demonstrating this Meshtastic hardware.


I got there late, so I missed most of his demo, but my understanding was that Bitcoin could transact over long-range mesh networks like this in the event the main grid is unavailable for a prolonged period. I consider this an unlikely scenario where I live, so I haven't researched it deeply, but it's nice to know it's possible.
 
If the grid goes out for years, then the bitcoin will fall to zero.
If the grid of a few countries goes down the bitcoin network will still be fine. Just get out of the country and go to a country with a functioning grid and you can use your Bitcoin just fine. Aside from that as Chance pointed out there are backups for using bitcoin if the grid is down. And if you are expecting the whole world to have no electricity and us plunging into a new dark ages then it will become a mad max scenario and you will need guns and ammo and food, etc. Physical gold may have some utility but cash would be worthless under that scenario as society would have already collapsed.
 
And if you are expecting the whole world to have no electricity and us plunging into a new dark ages then it will become a mad max scenario and you will need guns and ammo and food, etc. Physical gold may have some utility but cash would be worthless under that scenario as society would have already collapsed.

Civilization existed for thousands of years without power, it wasn't mad max. Cash will be king.
 
Civilization existed for thousands of years without power, it wasn't mad max.
Yeah but people today are very weak and soft and have little real world skills. You cannot compare people today to people 200 years ago. besides people are far less civilized now. You see in some cities in America when there are blackouts for a few hours at night people go on an absolute crime rampage.
 
Yeah but people today are very weak and soft and have little real world skills. You cannot compare people today to people 200 years ago. besides people are far less civilized now. You see in some cities in America when there are blackouts for a few hours at night people go on an absolute crime rampage.

Pretty much just Blacks, and only certain segments of them.
 
Pretty much just Blacks, and only certain segments of them.
Almost more often than not, the common negative opinions about the USA from Europe and the rest of the Anglosphere involve blaming white people for Black people's behavior. For example, you could probably sum up the whole gun control movement as "Black people commit a lot of crime with firearms, therefore we must take away white people's right to own firearms."
 
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Civilization existed for thousands of years without power, it wasn't mad max.
It was relatively stable like that and people were used to it. Not a sudden change with major dysgenics hooked on welfare.

Cash will be king, but you won't want to be around where it's REALLY needed.
You cannot compare people today to people 200 years ago. besides people are far less civilized now. You see in some cities in America when there are blackouts for a few hours at night people go on an absolute crime rampage.
Yup.

The only thing is, most estimates are that people are basically neutralized by day 3, which is fairly amazing.
 
Almost more often than not, the common negative opinions about the USA from Europe and the rest of the Anglosphere involve blaming white people for Black people's behavior. For example, you could probably sum up the whole gun control movement as "Black people commit a lot of crime with firearms, therefore we must take away white people's right to own firearms."
I believe in gun rights but at the same time I would still prefer to live in a place where I never need to worry about carrying a gun. Having a gun at home is one thing but if you live in a place where you feel the need to carry your gun with you whenever you leave the house you may want to reconsider where you live....
 
I believe in gun rights but at the same time I would still prefer to live in a place where I never need to worry about carrying a gun. Having a gun at home is one thing but if you live in a place where you feel the need to carry your gun with you whenever you leave the house you may want to reconsider where you live....
You don’t need to wear a seatbelt 99.99% of the time, until you do. I can’t think of a place where you don’t need a gun.

Even in the most secure, “safe” places, sometimes you need a gun. United 93, and American 11 come to mind.
 
You don’t need to wear a seatbelt 99.99% of the time, until you do. I can’t think of a place where you don’t need a gun.

Even in the most secure, “safe” places, sometimes you need a gun. United 93, and American 11 come to mind.
Yes but look at the statistics. In the USA your chances of dying from homicide and car accidents are about the same. In somewhere like Romania, you are 10 times more likely to die from a car accident.

But this is not true of the entire USA uniformly. In the neighborhood I live in, violent crime is almost unknown. I don't carry a gun because the chance I'll actually need it is minimal. Now if I spent a lot of time down in the city, I definitely would reconsider. But eating healthy and exercising are going to add significantly more hours to my life expectancy than carrying a gun, which also has the risk of an accidental discharge to factor in. I would also benefit more from buying a big, sturdy SUV.
 
Yes but look at the statistics. In the USA your chances of dying from homicide and car accidents are about the same. In somewhere like Romania, you are 10 times more likely to die from a car accident.

But this is not true of the entire USA uniformly. In the neighborhood I live in, violent crime is almost unknown. I don't carry a gun because the chance I'll actually need it is minimal. Now if I spent a lot of time down in the city, I definitely would reconsider. But eating healthy and exercising are going to add significantly more hours to my life expectancy than carrying a gun, which also has the risk of an accidental discharge to factor in. I would also benefit more from buying a big, sturdy SUV.
Very true that car accident is more likely. Carrying a gun is definitely not for everyone. Violent crime is only one reason though...what about other wildlife, dogs, etc? There are probably many more dog attacks than violent crime. Not to mention other wildlife depending on where you live.
 
Very true that car accident is more likely. Carrying a gun is definitely not for everyone. Violent crime is only one reason though...what about other wildlife, dogs, etc? There are probably many more dog attacks than violent crime. Not to mention other wildlife depending on where you live.
You beat me to it, firearms are simply tools. What type of tool you use largely will depend upon a given situation. More tools you have, the more useful a person you will be in general.
 
Bitcoin can be sent over any communication channel , including ham radio. Grid down is no problem...
:ROFLMAO:
A guy at a recent Bitcoin meetup I attended was demonstrating this Meshtastic hardware.

The cult is strong with these ones.

Notice how reactive to criticism the cult is?

After years of "the electricity" and internet issues being brought up by BTC skeptics all of a sudden out of thin air (((they))) have an answer to the critique. And wait for it... the answer is "ham radio"! Bwahahahahaha... In addition, all of a sudden we went from "BTC requires massive amounts of electricity," to "BTC requires no electricity."

Lets review a few more of BTC cultist bros reactionary double speak greatest hits:

1.) Critique: "The internet is a metaphor for The Matrix. When you are logged onto the internet you are literally plugged directly into The Matrix. Therefore, BTC is bluepill because it requires you to remain in The Matrix for utilization (instead of taking the redpill and escaping The Matrix).

BTC cultist bros reactionary cope: "But, no, no, no, you don't understand money, much less BTC, BTC is Anti-Matrix, it is the only way to truly be free of The Matrix because unlike everything else on the internet it cannot be hacked, stolen, lost, traced, monitored by Big Brother, or manipulated by AI and deep fakes.

2.) Critique: "A major goal of the elites is to create a cashless society. BTC falls right into this plan, and in fact was created as part of this plan by an elite team of jews using advanced AI 4D chess super computers. BTC is the very definition of cashless."

BTC cultist bros reactionary cope: "But, no, no, no, no, BTC is cash. It is the very definition of cash. I mean no, it is actually a store of value, well, yeah, and it is cash too. Anyhow, nevermind, you're too stupid to understand that BTC was invented by this one genius lone wolf asian Satori guy who only has civilizations best interest at heart and is our hero who single handedly saved humanity even though we don't know who he is and he holds a lot of the BTC but we trust him anyways."

Calling all bros... I got an Antichrist jew bridge I'd like to sell you.
 
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It's been an interesting couple of weeks for Bitcoin. I heard that there's been some conflict over Bitcoin Core and Peter Todd. Many are now moving over to Bitcoin Knots. Potential for another Bitcoin civil war similarly to 2017's civil war with the block size. Also, Monero's price has pumped from a Bitcoin whale wallet trying to buy all the sell orders from multiple exchanges. Interesting times for the whole crypto market 😁
 
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