Bitcoin and Crypto Thread

[chance vought]

. But seems like there are talks about Micro Strategy (MSTR) accumulation-risk, forcing them to suffer a margin-call in case price goes under certain amount.

Actually no. ALL of Strategy's BTC is unencumbered. There cannot be a margin call on it.

As far as accumulation risk: I think "plebs" have bought as much as they can. Only 0.1% of the population is capable of comprehending bitcoin. 99.9% of people will not be self sovereign bitcoiners, nor will it matter much to them.

Companies, Institutions, Banks, and Nation states will buy the remaining bitcoin, NOT individuals....the supply of individuals capable of understanding it has been exhausted.

Just as most people think of their fiat derivative fractional reserve rehypothecated federal reserve notes as "money", they will be completely unaware of the bitcoin backed money that takes over. I believe it will be a volatility stripped derivative of bitcoin like Strategy's STRC. Not forever, but during the transition period from a fiat standard to a bitcoin standard.

 

[chance vought]

Smart.

I think if you were to put money into Bitcoin then you need to have 100% conviction like chance vought. It's either all-in or nothing. Either Bitcoin will be the new monetary standard or it will be worthless. If you trade it short-term then you are likely to lose money.

Personally I think Bitcoin is garbage but I follow the price moves because I am fascinated by the crypto markets.

I think allocation should match conviction.

If there is a 1% chance I am right...shouldn't you have a 1% allocation?

 

[Judoka]

I think allocation should match conviction.

If there is a 1% chance I am right...shouldn't you have a 1% allocation?

I think crypto is different. We are talking about a speculative, non-income producing asset. The true-believers like yourself don't believe it's a speculation but rather the future of money. And that's my main point when I said it's all or nothing.

If you aren't 100% convinced about Bitcoin then the Bitcoiners would tell you to do more research. On the Bitcoin subreddit it seems like the majority of members have an investment portfolio of at least 50% Bitcoin. Many of those members are essentially all-in.

I suppose it's possible to have a smaller allocation but those people would likely sell at the first downturn.

 

[Blade Runner]

Companies, Institutions, Banks, and Nation states will buy the remaining bitcoin, NOT individuals....the supply of individuals capable of understanding it has been exhausted.

Indeed. Most practically have been priced out anyway, because they self sabotage in their thoughts.

The truth is, the mark has to come and fool many, and that also means many people are generally incapable of understanding certain things, and still others truly don't want to (they lack wisdom and other gifts). It already has (cov shot). When the dookie hits the fan, the control grid and programmable features will come full circle to start the majorly restrictive surveillance state. People will dislike that, but there won't be much for them to do since they let the false god and doting mother government take care of so much, for so long. Just for their pockets personally, or for their feelings about being a "good person" or neighbor by suggesting you can be good in supporting violence to take money from some and give to others.

It'll also be somewhat comedic when as cash continues to vanish, it'll also be debased so much that the bills/physical cash that people may have even been "mattressed" will be fairly useless in purchasing power because they won't be high enough denominations to matter. Another win for BTC.

 

[PurpleUrkel]

Another win for BTC.

Bitcoin is dead. Bottom dropping out below 73K today. All forecasts wrong. Bitcoin Bros have no idea what they're talking about and freely admit that nobody understands it. This is a feature, not a bug. Occams Razor applies, the simplest explanation requiring the fewest assumptions is most likely to be true. Bitcoin is a scam because it cannot be easily explained.

Get out now, you've already lost 53K per coin since October, if you would have listened to me in January 2025 and cashed out you'd be up 27K per coin right now and you wouldn't be in this situation of sleepless nights that you are currently experiencing. You're a gambling addict with no exit strategy. You did this to yourself. I forgive you.

1/6/25:

Great, you hit 100K. Now what? Cash that shit in...

 

[chance vought]

Bitcoin is dead. Bottom dropping out below 73K today. All forecasts wrong. Bitcoin Bros have no idea what they're talking about and freely admit that nobody understands it. This is a feature, not a bug. Occams Razor applies, the simplest explanation requiring the fewest assumptions is most likely to be true. Bitcoin is a scam because it cannot be easily explained.

Get out now, you've already lost 53K per coin since October, if you would have listened to me in January 2025 and cashed out you'd be up 27K per coin right now and you wouldn't be in this situation of sleepless nights that you are currently experiencing. You're a gambling addict with no exit strategy. You did this to yourself. I forgive you.

1/6/25:

death number 478? this might be it guys...

https://99bitcoins.com/bitcoin-obituaries/

I won't be "cashing in" for slave shekels