$ (BTC) The Bitcoin Thread - NO SHITCOINERS ALLOWED

[Freya]

Only have .02

 

[Homegrown Homophobia]

Only have .02

That's 0.02 more than probably about what 90-95% of the world holds. You're .02 ahead of the rest of everyone with the game.

 

[The Repeated Meme]

So the bitcoin market is finally back at where it was during it's all-time high back in March. I wish I had waited a bit longer to sell off some of my assets but I still made a decent amount of money. I'm going to patiently wait until another steep drop before re-investing.

I use blockfi to trade and accrue interest on my crypto assets, I can't recommend it enough. Here is my referral link if anyone is interested.

Only have .02

Same, but this is after I sold the majority of my bitcoin.

 

[Treasure Champs]

So the bitcoin market is finally back at where it was during it's all-time high back in March. I wish I had waited a bit longer to sell off some of my assets but I still made a decent amount of money. I'm going to patiently wait until another steep drop before re-investing.

I stumbled into BTC trying to figure out how to donate to Dear Feeder in March. I didn't realize I was buying it at a big high (and then I couldn't get it out of the platform it was on anyway, so I had to route a different crypto to the Farms). Luckily, the BTC has gone back up enough for me to sell off the stuff I bought expensively, plus enough profit for a pizza, AND I now know enough to hang on to the cheaper BTC I bought a few months later.

Not really a strategy that will make me a millionaire, but I'm pleased about what I learned.

 

[The Repeated Meme]

That's 0.02 more than probably about what 90-95% of the world holds. You're .02 ahead of the rest of everyone with the game.

Bitcoin is so expensive right now it's hard to imagine it getting even higher, but it will probably happen, albeit slowly. I can't wait to dive back into trading once the market goes down.

 

[Dutch Courage]

As I noted before, the days of turning twenty bucks into twenty thousand are well behind us.

But long-term? Assuming nothing fundamental changes in a bad way, like crypto being banned in America or Europe (which seems unlikely today, the first day a BTC-futures ETF trades on NYSE/ARCA, ticker is BITO), six figures is inevitable. Today, we have nudged into $64K terrain, and $65K sets a new record. Those holding .02 right now have about $1280, give or take. It's not impossible that such a stake will be worth $10K before decade's end, which will surely beat inflation and the S&P.

I'm done with my predictions for this thread; I was mostly interested in alerting onlookers about what seemed an imminent recovery. Job done, I just hold and wait like everyone else. I believe it will go up from here.

There will be further scary drops in the future. But the first one was 80%, the next one was 55%, and the next one will be about 30% and the one after that will be 20%. As more institutional investors and tech companies buy in, volatility will decrease (and eventually, BTC will become as moribund as the stock market). But by then, there will be other opportunities in other investments.

I'm not a sage, not a genius, not a psychic, and not a pump and dumper. I'm just very confident in the law of supply and demand, pure and simple. I'm holding a six-digits figure in dollar value right now and still buying. Sell? Not for me, not yet. Keep this thought in mind: if everybody owned one single bitcoin, there would be 7.5 billion people without any. Think some of them will want in? I do. And that is why the price is doing what it does.

 

[Yuri_]

This bullrun has been somewhat of a letdown. Though I believe we're about to see the next leg up in the entire market after BTC breaks its ATH, I still think it's going to be lackluster compared to the mania of 2017.

In 2017, practically everything was doing a 100x at the least. Now it seems like everything did a 5-10x by default, and all of the crazy 10000x+ pumps are concentrated almost exclusively in retarded animalcoins

Picrel just from today

 

[Give Them Enough Rope]

All-time high.

 

[Akashic Retard]

So the bitcoin market is finally back at where it was during it's all-time high back in March. I wish I had waited a bit longer to sell off some of my assets but I still made a decent amount of money. I'm going to patiently wait until another steep drop before re-investing.

I use blockfi to trade and accrue interest on my crypto assets, I can't recommend it enough. Here is my referral link if anyone is interested.

Same, but this is after I sold the majority of my bitcoin.

I use ledn.io and get 6% on BTC and 9% on USDC. Also, stop shillling your referral link, everyone has heard of blockfi.

This bullrun has been somewhat of a letdown. Though I believe we're about to see the next leg up in the entire market after BTC breaks its ATH, I still think it's going to be lackluster compared to the mania of 2017.

In 2017, practically everything was doing a 100x at the least. Now it seems like everything did a 5-10x by default, and all of the crazy 10000x+ pumps are concentrated almost exclusively in exceptional animalcoins

Picrel just from today
View attachment 2640962

True alt season hasn't even started yet. When BTC reaches blow-off top tons of money will flow into alts. The gains you've seen in alts right now are preliminary.


celebratory meme for breaking ATH:

 

[melty]

I'm happy to see it reach ath without Elon Musk getting involved

 

[Lupin The Turd]

I got in super late, like earlier this year. But I only bought dips. I only have 0.003, and invested a total of $130 cad, but I've made 100 so far and that feels good. I've considered buying into the hype but I feel I'd get burned.

 

[The Repeated Meme]

stop shillling your referral link

I posted it one time.

Also damn those are pretty competitive rates. I'd consider switching if I didn't also have a credit card with blockfi.

Plus I'm just used to it, and their app is really good.

 

[Akashic Retard]

I posted it one time.

Also damn those are pretty competitive rates. I'd consider switching if I didn't also have a credit card with blockfi.

I forgive you regardless. I am in a similar situation with Nexo in that I have a loan with Nexo, so I can't take all my collateral out right now. I plan on transitioning to ledn entirely once I take some profits in this current run-up. I assume they will be lowering their rates at some point though, just like Blockfi and Nexo did. The beauty of it is that, assuming you aren't in a situation like we are, it's very easy to send your BTC to different platforms to chase rates, and they are all in heavy competition with each other. Hell, once I get comfortable with the value of my holdings and the counterparty risk isn't as scary, I will likely wrap my bitcoin and farm yield with it on a defi protocol. You can get ~11% for wrapped BTC on sushiswap.

Edit: for people that care, Ledn has the most comprehensive KYC I have ever seen. I had to do the face scan thing, submit my ID, and submit a proof of address which I have never had to do before for a crypto account.

 

[Divine right to rule]

Are we all going to make it?

 

[twozero]

Generally quite bullish for BTC recently, not so much for increased regs on crypto in general though.

Based Bitcoin is unironically cheaper to transfer value with than ETH at this point, and has been for a long while now. Vitalik's pre-mined scam BTFO again? (inb4 use fruit-rollups or some other spastic ETH L2).

Sparrow Wallet is also a phenomenal Bitcoin-only wallet for Desktop, btw, and has implemented Samourai Wallet's zerolink Whirlpool. Give desktop mixing a go, very comfy.

Finally, reminder to always hold your own keys and run your own node over Tor. Giving your BTC to someone to rehypothecate it for ~4% APY is a simple route to getting cucked.

 

[AnOminous]

Generally quite bullish for BTC recently, not so much for increased regs on crypto in general though.

One good thing about cryptos in general is any regulations that can't wipe it out entirely globally overnight more or less just make it more valuable by dropping supply. If that happens in a country with lots of mining done on stolen electricity (hi China), all the better. We don't really ever want a cartel that can do a 51% attack in some kind of fucked up Dr. Evil level scheme to wreck it entirely.

 

[Orange Rhymer]

TL;DR
Shitcoin rugpulls are a government conspiracy to ban BTC (and all crypto)
not enforcing = passive encouragement

With the absolute deluge of Rugpulling shitcoins-
been thinkin'....

If was an authoritarian government entity that controlled a fiat currency:
-losing value to alternate currencies
-suffering inflation due to unprecedented 'money printer go brrr'
-pushing Keynesian theory to it's absolute breaking point
-resulting in unprecedented 'shortages' (read: unfilled orders) of real commodities

I would encourage (directly or indirectly) production of fraudulent 'altcoins'.
After the umpteenth PumpnDump, the enraged citizenry would BEG the SEC/FTC/FBI for strict controls on cypto. Most likely a complete ban.

(in the meantime, business is great at CIA headquarters. NFTs are the new money laundering vehicle. That cheap Taliban heroin aint gonna traffic itself)

 

[AnOminous]

TL;DR
Shitcoin rugpulls are a government conspiracy to ban BTC (and all crypto)
not enforcing = passive encouragement

I think it's more that they actually have short or long positions in various currencies and pull shit to manipulate the prices. Especially the Chinese.

 

[Akashic Retard]

Saw this on twitter and thought it was worth sharing here.

 

[Akashic Retard]

Bigbrain says bitcoin is fascist and libertarian at the same time, as well as the "sequel to January 6th"