BTCUSDMOVEW20201120
Bitcoin November 20 2020 Weekly MOVE Contracts
crypto

'just massively dilute existing shareholders and buy BTC bro'

Everyone likes to do this astrology chart shit and try to just point at things "in the chart" but really most of the big moves in BTC have been purely from macro economic conditions. Right now everybody is high on fed-rate-cut hopium.

No but it's the only smart one to hold.
Why would you buy anything else but BTC and maybe ETH?

BTC is not the only coin…

Who would’ve predicted BTC would be where it’s at?
ETH will surprise all the know it all’s.
I know nothing.

BTC is confined to larger purchases, not micro-transactions. I think we can agree on this.
Other tools will prevail for this. I think Pi coin might have a shot

That is great and I admit I did not take you for one that uses their BTC. And as described, the use case makes the differents
However. The throughput of BTC is so small that only 0.005% can do that at any single day. If the banks start using it, no one of us will be able to do this.

Equities... miners, developers and explorers have been ripping to the upside too, but still have a lot of upside left. Still feels like the late early innings. I'm so happy I haven't been sitting practically motionless in BTC for the last 6 months+, or worse... losing value by holding it in anything safer. Too many double baggers or more in the precious metal sector presently.

Isn't this what Strike is doing with their product? Put your BTC up as collateral and get fiat in return?
The only problem is that the LTV ratio is a lot in certain states which is why I personally haven't done it yet.

The BTC market cap was only around $60 billion at the start of that run up in 2017 though. The ETH market cap is currently around $550 billion. It’s a lot less likely to 4x in that same time frame now.

BTC price

Your account relating to BTC is literally 2yrs ago and you’re making fun of my account since 2020 lol what an idiot. You’re the trader expecting a big draw down when we’ve not even had multiple 30% corrections in a bull market that is typically common in previous cycles. 

Like someone already linked,
[FedWatch Tool](https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html) gives high 90% certainty when the dates are near. The rate cuts won't be what drives to volatility. [SEP](https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm) will. (Notice those dates with asterisk (*), that's FOMC meetings that will also release SEP)
Once they revise their inflation projection w.r.t previous SEP, then that will drives the upcoming rate cuts plan(faster cut, slower cut, or even possible hike), which in turns drives the volatility.
One such example I remember was December's 2024's SEP. The SEP told that the fed funds rate projection in 2025 was raised from 3.4 to 3.9 (and later revised back to 3.4 in March 2025 SEP) which was interpreted as 'there'll be less rate cut next year' and in turn what drove BTC/SPY/QQQ/xxxUSD market down on Dec 18 2024.

The problem is gold supply increases by ~1%/year still even though it’s been around for thousands of years. So at current market cap, there needs to be at least~$250 billion per year in buying pressure just to keep pace with new supply.
Whereas with BTC, new supply issuance is at 0.84%/year and market cap is significantly lower so only ~$19 billion per year in buying pressure is needed to keep pace with new supply. And BTC’s new supply issuance cuts in half every 4 years meaning either BTC price doubles every 4 years or the amount of buying pressure to keep pace with new supply decreases over time rather than increases over time like what occurs with gold.
The math works out infinitely more favorable for BTC as a sustainable long-term store of value, helping to explain why BTC is the fastest growing asset of all time and why it isn’t even remotely close. Gold reached a $2 trillion market cap for the first time ever in 2001 despite the fact that it’s been widely used as a store of value for thousands of years whereas BTC reached a $2 trillion market cap for the first time ever in 2024, 15 years since inception in 2009. BTC market cap will ultimately dwarf gold’s market cap and it will occur in decades, not millenia.

Aside from BTC they went profitable and are earning money. Last year they lost money each quarter. So they do something. I know then risk but still earning like 4% on a monthly cc is nice for me and worth the risk. As I said you do you. And no i wouldnt own that if not for the premiums but i like my theta game

Found the BTC maxi!

Tokens i would ever consider holding here are XRP, AVAX, ETH, SOL. I would add RENDER and AIOZ as DePIN picks. Overall, i would rate it as 6/10 because of the other holdings and lack of BTC.

A: They get paid interest
B: If you don't make your payments, they'll liquidate that BTC you used as collateral and sue you if you can't come up with the possible leftover difference.

In loss it is your BTC. When the wins coming in they call it ours

I'm pretty sure I have more BTC than you do.
The difference is I don't think the global financial system is going to run on this shit. It's just another speculative asset.