Bitcoin and Crypto Thread

[Based_Christian_Dude]

Just go to Matthew Kratter's BTC university and learn something there, since none of you want to learn here.

I already saw his videos on Monero. Most of his arguments against Monero for Bitcoin is because it was first, has a higher price in fiat, and the usual store of value. Comically, I even remember one Bitcoin mining video of him saying there should be an ASIC in everyone's home, not realizing everyone already has a computer CPU available. Another one was when he was whining about the government on-chain surveillance. If you read the comments on his Odysee mirror of his YouTube Monero videos, people rightfully call him out for cucking out for Bitcoin.

Here's more info on the FUD against Monero that Bitcoin bros like to criticize on:
https://sethforprivacy.com/posts/dispelling-monero-fud/

You lads are falling for the wrong coin. Even with the store of value arguement, what makes Monero inferior as a storing for wealth?

 

[scorpion]

Keep digging deeper.

You do know that the Bank of International Settlements "allows" BTC as a reserve asset as of 1 Jan 2025, don't you?

It doesn't take much to put two and two together.

I hadn't heard of this, so I looked it up. Unlike you, however, I actually bothered to read more than just the headline. Rather than this rule being some sort of Bitcoin/crypto endorsement, what it actually entails is the BIS putting a strict limit on banks' exposure to crypto. Far from encouraging banks from getting involved with crypto, the BIS is prophylactically attempting to limit the traditional banking system's vulnerability to any contagion from the crypto space. Here is the report you can read for yourself.

They designate crypto assets as falling into group 1 (stablecoins or other "pegged" cryptos) and group 2 (unbacked cryptos like Bitcoin and Ethereum).

Group 2 exposure limit: A bank’s total exposure to Group 2 crypto assets must not exceed 2%of the bank’s Tier 1 capital and should generally be lower than 1%. Banks breaching the 1% limit will apply the more conservative Group 2b capital treatment to the amount by which the limit is exceeded. Breaching the 2% limit will result in the whole of Group 2 exposures being subject to the Group 2b capital treatment.

They also require that group 2 crypto assets carry a risk weighting of 1250%, which is essentially a rating of how risky the asset is (i.e. U.S. Treasury bonds are risk weighted at 0%, mortgage loans at 50%, publicly traded stock at 300%). A higher risk weighting requires a commensurately higher level of capital reserves that the bank must maintain on its books. A risk weighting of 1250% is comically high, essentially the worst form of unsecured debt possible. Imagine if you bought an unpaid loan from a crackhead currently serving a 20 year prison sentence and you're in the ballpark. That's how credible the BIS views Bitcoin as far as being a reserve asset.

In other words, these rules are designed to heavily discourage banks from getting involved in crypto.

 

[Blade Runner]

It only makes sense if you get out at the right time.

No, it's better at every 4 year period also. We've literally proven it, but the naysayers cultishly hate math, figures, statistical analysis, etc.

Now, can someone tell me why BTC went so crazy recently? Was it trump winning?

Read the last 40 pages. Sorry that we had to correct people so many times. Not chance's and my fault, though.

I already saw his videos on Monero. Most of his arguments against Monero for Bitcoin is because it was first, has a higher price in fiat, and the usual store of value.

Bloat and the fact that as a matter of fact, people don't hold value in it. that's not debatable. I was never against Monero, but like everything else, it turns out that indeed, "there is no second best."

In other words, these rules are designed to heavily discourage banks from getting involved in crypto.

... yet they are allowing some adoption of them now, vs. not "allowing" it before.

And as you know, our thesis anyway is that it doesn't matter. But we've already told you that, like countless other things you try to spin as being bad. Greater adoption! No, here's how it is bad. It is funny to read what you post it's so contradictory.

 

[Lonewolf1968]

Now, can someone tell me why BTC went so crazy recently? Was it trump winning?

Technically, it seems like the halving is the main catalyst of this type of runs each 4 years. Purple is current market cycle ROI from each bear market bottom. It kinda syncs perfectly with the others. Also, BTC ETF inflows, some alleged nation states that are buying and institutional fomo, and Trump winning gives us free way. Keep in mind as well that each cycle has diminishing returns, so if we did 20x last cycle from the bottom, I bet we're going 10x this one if we're lucky. DYOR.

 

[PurpleUrkel]

... the Bank of International Settlements "allows" BTC as a reserve asset as of 1 Jan 2025...

It doesn't take much to put two and two together.

Yes, which means BTC is in the process of jumping the JQ shark. The "underground," "untraceable," "government-free," rebel spirit of BTC is being co-opted and adopted by governnents and large financial institutions. This is not a positive development, but an ominous sign. When The Man starts singing the praises of The Underground it's time to cut and run.

My theory is that BTC is a long-game 5D chess scam invented by the usual suspects. There is no way that some Asian guy "Satoshi" single-handedly got this thing going. BTC is a huge military grade super computer generated project. There is no way that civillian computers generated BTC. The jew's US dollar/NASDAQ/401K scam was running it's life course via The Noticing and so they found a better way to fleece the working classes of the world, one that gives them bigger gains, faster. In addition, They've baked into the BTC cake the ability to manipulate the price of BTC in a way that makes insider trading on Wall Street look like childs play. The jews new system of usury (BTC) actually gives them the ability to predict (control) the price of BTC days and weeks in advance. They can literally say to themselves, "On Wednesday at 2pm lets take BTC from 75K to 100K."

(((They))) give the public big BTC gains to build public confidence, and once there is a sufficient number of gambling addicted normie suckers on board they'll pull away the football and tank the price. And knowing the jews, this is a years, if not decades long-game plan which makes it almost undetectable to the immediate gratification mindset of the average normie.

Or something like that... one thing's for sure, when it comes to bitcoin, something is rotten in the state of Denmark.

 

[expectation]

The party is over guys. Time to sell.

 

[eradicator]

The bull run is basically here. I sold all of my meme coins including the ones I mentioned last week, the upcoming weeks and months will focus on utility coins

I loaded up on Tectum, alph, aitech, and sui

But honestly I’d suggest selling all meme coins and buying whichever utility coin you are hot on

Good luck, remember to take profits. 90% of retail lose money on crypto

 

[Wutang]

Been holding my UAT for a while and I'll be looking to offload them in the next 1-3 months. Bought around 20,000 units when it was floating around the 20 cent range. I think I'll keep some around though in case it starts getting close to $1 again.

 

[chance vought]

I am trying to diversify what cash I hold. I have bought some gold, some btc, some of it is in real cash in an envelope.

I have been very impressed by what the small amount of BTC I hold has done so far, I've tripled my money but it strikes me as just a game in the same way as stock market is. It only makes sense if you get out at the right time.

Time will tell, I certainly wouldn't be all in on it but I will increase the amount of money I have in it to play with.

Also, in the real mad max scenario of an EMP strike or nuclear war, your BTC is worthless. Guns and ammo will be the currency then. I have also diversified into that.

Ymmv

Now, can someone tell me why BTC went so crazy recently? Was it trump winning?

 

[chance vought]

I already saw his videos on Monero. Most of his arguments against Monero for Bitcoin is because it was first, has a higher price in fiat, and the usual store of value. Comically, I even remember one Bitcoin mining video of him saying there should be an ASIC in everyone's home, not realizing everyone already has a computer CPU available. Another one was when he was whining about the government on-chain surveillance. If you read the comments on his Odysee mirror of his YouTube Monero videos, people rightfully call him out for cucking out for Bitcoin.

Here's more info on the FUD against Monero that Bitcoin bros like to criticize on:
https://sethforprivacy.com/posts/dispelling-monero-fud/

You lads are falling for the wrong coin. Even with the store of value arguement, what makes Monero inferior as a storing for wealth?

Any day now….right?

 

[SkiPro]

Read the last 40 pages. Sorry that we had to correct people so many times. Not chance's and my fault, though.

Tough to do that with you guys shouting at each other over and over.

 

[chance vought]

Tough to do that with you guys shouting at each other over and over.

Michael Saylor has proven that a speculative attack on Fiat currencies is highly profitable. Other companies, around the world, are copying the MSTR playbook. Fiat is guaranteed to lose value, forever. What is the ultimate short sell on Fiat?

All the while, nation-states, first El Salvador and Bhutan, but very soon a G20, will start buying Bitcoin to defend their currency. Here comes the “suddenly” phase of gradually, then suddenly. Everyone here telling you to take profits, is probably wrong. 12 months from now, even if Bitcoin was $1 million, I will not be selling a single Satoshi. Do your own research.

https://bitcoinmagazine.com/business/the-next-microstrategy-japanese-public-company-is-buying-bitcoin

 

[scorpion]

Mark my words, MSTR is going to blow up spectacularly.

Michael Saylor has proven that a speculative attack on Fiat currencies is highly profitable.

Michael Saylor has proven that he can artificially inflate the value of his company's stock by borrowing money and using it to buy Bitcoin, and that a certain amount of people are dumb enough to buy said stock at a premium to the price of just buying Bitcoin themselves, because reasons. And as I previously pointed out to you, the fact that lenders are giving him the money to do this is not an endorsement of Bitcoin or of his strategy - they're basically selling him the rope he's using to gradually hang himself because they are making money off the stock's volatility. They don't care about the long term value of MSTR or BTC.

Other companies, around the world, are copying the MSTR playbook.

If anything, this will only serve to hasten the collapse of this ridiculous trend, as MSTR loses whatever unique luster it has now. Soon people will begin coming back to their senses and realize that companies don't actually make money by holding assets, they make money by engaging in profitable operations.

“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.”
― Charles MacKay, Extraordinary Popular Delusions and the Madness of Crowds

 

[chance vought]

Mark my words, MSTR is going to blow up spectacularly.

Your predictions are non-falsifiable.
Put some numbers down, if you are so sure...WHEN will it blow up, what year? If I'm long gone when that happens, so what? When will people realize that bitcoin is a scam, when will the value of bitcoin reflect its actual value of $0. Until you can put a date on it, or some number, ANY NUMBER!!! If hash rate falls to XXX EH/s...give me something!!! I predict you are going to die, and eventually the Earth will be swallowed by the Sun, as it becomes a red giant star.

With no concrete target/date/number - we can never test your hypothesis.

Bitcoin is going up forever, is mine. $100k soon, then $1M, then $10M.

You will be saying the same thing when we get to $100M. "One day, everyone will wake up and realize they've been had!"

Michael Saylor has proven that he can artificially inflate the value of his company's stock by borrowing money and using it to buy Bitcoin, and that a certain amount of people are dumb enough to buy said stock at a premium to the price of just buying Bitcoin themselves, because reasons. And as I previously pointed out to you, the fact that lenders are giving him the money to do this is not an endorsement of Bitcoin or of his strategy - they're basically selling him the rope he's using to gradually hang himself because they are making money off the stock's volatility. They don't care about the long term value of MSTR or BTC.

Seems odd that institutions would buy something that they think has no value...or even pay more for something than they think it is worth!

If anything, this will only serve to hasten the collapse of this ridiculous trend, as MSTR loses whatever unique luster it has now. Soon people will begin coming back to their senses and realize that companies don't actually make money by holding assets, they make money by engaging in profitable operations.

What is the most profitable thing you can do, in a fiat economy? Not providing goods and services...its financial engineering. See the world as it is, not how you think it should be.

 

[KulturedKaveman]

I’m going to admit I’m not a genius on the topic but isn’t Bitcoin Doge etc just Fiat Jr? I mean it gets its valued based on speculation. Just like the dollar pound yen etc. does anyone have honest backed money anymore? What actually backs Bitcoin?

 

[chance vought]

I’m going to admit I’m not a genius on the topic but isn’t Bitcoin Doge etc just Fiat Jr? I mean it gets its valued based on speculation. Just like the dollar pound yen etc. does anyone have honest backed money anymore? What actually backs Bitcoin?

ETH, Doge, etc etc is fiat jr.

Bitcoin stands alone.

What backs Bitcoin?

The same thing that backs gold.

 

[scorpion]

Your predictions are non-falsifiable.
Put some numbers down, if you are so sure...WHEN will it blow up, what year? If I'm long gone when that happens, so what? When will people realize that bitcoin is a scam, when will the value of bitcoin reflect its actual value of $0. Until you can put a date on it, or some number, ANY NUMBER!!! If hash rate falls to XXX EH/s...give me something!!! I predict you are going to die, and eventually the Earth will be swallowed by the Sun, as it becomes a red giant star.

With no concrete target/date/number - we can never test your hypothesis.

It's obviously impossible to predict the future, much less with perfect accuracy. But I'd be very surprised if MSTR survives for another year without imploding at the rate things are going.

Seems odd that institutions would buy something that they think has no value...or even pay more for something than they think it is worth!

For the third time, the institutions buying MSTR's convertible debt are not long MSTR or BTC, they are long on the volatility of MSTR stock. See your point below about financial engineering? These are people who are actually good at playing that game.

What is the most profitable thing you can do, in a fiat economy? Not providing goods and services...its financial engineering. See the world as it is, not how you think it should be.

As I pointed out long ago, Bitcoin maxis don't actually want to do away with the entrenched financial elite, they want to become the new financial elite themselves. Their problem isn't really with the nature of the financial system, it's that they aren't its primary beneficiaries.

What actually backs Bitcoin?

Bitcoin is backed by its network of miners, but more accurately it's backed by a shared faith in the idea of Bitcoin itself. In this regard it is something of a faith-based currency. It has value because millions of people believe it has value. That's it. Bitcoin maxis like to crow about how Bitcoin's value stems from the ability to transact across borders or safeguard money against fiat inflation or government confiscation, etc... but all of these properties are also possessed by other cryptos. The only thing - literally the only thing - that separates Bitcoin from everything else is its brand name and the position it enjoys due to its first mover advantage. It has value because a lot of people believe it's valuable. The moment that a lot of people decide it's no longer valuable, well... it will be completely worthless. Because it doesn't actually do anything.

 

[chance vought]

My answer was: What backs Bitcoin? the same thing that backs gold.

Bitcoin miners do not back gold.

I wanted to use the Socratic method. If I give the answer, it will not spark the same intellectual curiosity that I hope @KulturedKaveman has.

So, @KulturedKaveman if you can figure out what backs gold, you will know what backs bitcoin, and will understand more about money than 99.9% of people.

 

[GoodShepherd]

I’m going to admit I’m not a genius on the topic but isn’t Bitcoin Doge etc just Fiat Jr? I mean it gets its valued based on speculation. Just like the dollar pound yen etc. does anyone have honest backed money anymore? What actually backs Bitcoin?

The same reason why gold has value, its a rare precious metal that doesnt corrode, it can probably last until the 2nd coming of Christ, bitcoin is the digital version of gold, yes its just numbers on a screen but not infinate numbers its finite so its also rare like gold

 

[eradicator]

I’m not even sure what you people are arguing about

Xmr stellar partnered with Franklin templeton and Mastercard last week. I wonder how their chart looks.



I’ll state the obvious: if you bought earlier then good job. Don’t ape in right now on xmr

Tectum looks ready to explode. If their system really can lower the fees of existing blockchains, it will freaking explode



Aitech is heating up. They have created a large data center in Romania for ai, especially crypto ai. It is hot right now



One month chart


No idea what all of you are even arguing about