BTCUSDT20240124C43000
Bitcoin / Tether USD Jan 24 2024 43000.00 Call
crypto

Fking degens still trying to long BTC which is preventing it to rip . It wants to liquidate them on the way up lol

Sell? Never BTC.

Ah crap, this guy spouting off gonna send BTC sub 80k.

What do you mean? Stablecoin is a representative use case of altcoins, which people can use to transfer money to anywhere worldwide instantly and with little fee. Say all you want about BTC, it just cannot accomodate that use case (transaction time is longer, fee is higher). Smart contract is another use case.
I can agree that most altcoins are trashed, built to take advantages of the greedy but uninformed people. But altcoins have their very important use cases and will stay relevant because of that. It was your fault for not doing the evaluation to see what price is reasonable for one particular coin. It was also your fault to buy at the very top thinking it will go up. In that regard, coins are very similar to stocks on advanced markets.

Everyone has different reasons but considering $50B went into BTC alone when they could put money there I’d say it’ll continue to happen

You know, I actually really like this trade and that's not something I say very often in the sub. Btc is setting up for a perfect balance off the 100 week and you have multiple take profit zones if you're going to use the microstrategy options to trade it
The only question is just how high does it go? Historically, probabilities favor retest of the 50 week which is right about BTC 100K which makes a ton of sense simply because all the people would get super happy again that we have six figure BTC only to get sold into

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BTC triple topped to just under 88k. Failed to break resistance.
Bears in control tomorrow

It’s a mix if high privacy, decentralisation and programmability. There are only a handful of PoW coins out there, Bitcoin being one of them, but they each serve a different purpose and have pros and cons. Coins like BTC lack privacy, are slow and outdated, and can’t accommodate for dApps and smart contracts well, same with most other PoW coins. PoW is fundamentally stronger than PoS both in transaction verification, and achieving true decentralisation. But Ergo offers basically mix between Eth and BTC while staying true to the idea of decentralisation. On top of that you can have optional privacy which other PoW are specialised in like XMR. Fees are also low on Erg which is a massive bonus. Rosenbridge, literally bypasses needing the use for CEXs, which is a major reason why these main coins get so corrupted by VCs and market manipulators. There’s a lot more to it, and I’m not an expert like some others, but the tech is really impressive and novel. Just because there are a lot of other cryptocurrencies, don’t let that discourage you from searching for coins that are helping to expand the tech and build on the crypto ecosystem. Even though YOU might not care about the tech now, the reason why BTC is here in the first place is due to that tech, and the philosophy of it.

Yeah that’s true I guess. For me I do all my BTC buying/selling (well, rarely if ever selling) on an exchange so my transactions are all easily tracked, then move it to my cold wallet. I figure the gains will be easy enough once all the numbers are added up. lol, or maybe for the accountant at least 😄

What else do you suggest to be an a successful portfolio if you don’t mind me asking? I fully believe in BTC, and I am not going to stop DCA’ing any time soon. But I also wanna play both sides, and get myself into mainly ETF/mutual funds, etc. but basically something going to bitcoin and then also something going into a diversified portfolio working with NYSE.

Literally nothing matters at this moment but Q3 earnings. That’s REAL data and not speculation. GameStop is healthy, going to make 500 million this year. Sitting on $9,000,000,000.00 cash just before a market crash and 4710 BTC to hedge against the USD

https://preview.redd.it/8hmi0689r43g1.png?width=1822&format=png&auto=webp&s=ef8e6e147702fb870e01dc9024d1aec25795f7d2
A small symbolic achievement: I own 0.1 actual BTC, or 0.2 if you include the BTC ETFs. Bitcoin still makes up only about 3.5% of my portfolio though.

WTF. Gold's market cap is 16x that of BTC. It sounds like BTC has been underrated lately.

Just make user it's actual bitcoin and not that intentionally crippled BTC coin with no fundamentals.

don't watch in fiat money, switch to BTC value, it's less painfull lol

Potential MSTR squeeze if BTC pumps?

I didn’t buy the dip, is BTC going to go down more or just keep going up from now?

BTC mooning rn

Thank God the Burgers pumped BTC from 80K to 88K after crashing it to 80K from 126K /s