BTCUSDT20240208C46000
Bitcoin / Tether USD Feb 8 2024 46000.00 Call
crypto

Before I ask GetAgent, let me ask you, having the understanding that Satoshi still holds the highest amount of BTC, what if he decides to sell? we are all cooked or what?

JPMorgan really thought they could kneecap MSTR and nobody would notice.
They thought Bitcoin people were still asleep, still obedient, still grateful to beg for “permission” from legacy banks that survived 2008 by getting bailed out like failed casinos.
Nah.
If a bank takes hostile shots at the companies you believe in, you don’t reward them with your business.
YOU WALK.
You move your capital, your brokerage accounts, and your attention to platforms that don’t actively spit in your face.
Nobody is telling anyone what to buy or sell.
Nobody is coordinating anything.
This is way simpler than that.
It’s called personal sovereignty.
If a megabank behaves like a political actor instead of a neutral financial institution, then investors have every right to take their portfolios somewhere else, somewhere that doesn’t treat Bitcoin-aligned companies like a threat.
You want to support MSTR, BTC, or any company building a better financial system?
Then keep your assets with brokerages that actually respect the future and don’t wage shadow campaigns against it.
Legacy institutions don’t get to sabotage innovation on Friday, then ask for your business on Monday.
Move where you’re respected.
Move where your capital isn’t collateral in somebody else’s agenda.
Move where your choices matter.
JPMorgan made their position clear.
Now investors get to make theirs.
BOYCOTT JPMORGAN.

The price of BTC will probably be higher in January. The more responsible approach (since you screwed up) would be to sell now and end the problem.

I don't get that chart, BTC did way more than that, in 2017 it was +1500% at least.

Cash is trash. 🚮  No matter what, BTC will continue to grow in asset value. We were here debating the same shit in 2017 and 2021, BTC seems to follow a liquidity cycle 🔄 and as it appears, diamond hands and whales are accumulating extremely heavy, and BTC will become so institutionalized, that it will continue to keep the rest of the world in a poor position to invest early.  Talk to 100 potential retail investors, half of them don’t know how to buy BTC. 

Bitcoin ETFs hold BTC. They are not "paper demand", they are real demand that had a positive impact on BTC price since inception. When investors sell those ETFs, they also have an impact on BTC.

Thank you. Given this fact, then I should back up the truck at $71K. I'm trying to look at BTC from a cost angle.

Listen, and listen closely. There is nothing wrong with touching yourself. BTC can touch itself daily if it needs to.

With my current mining setup and cost to mine a whole BTC would cost me about $71k per coin. There is a lot of math to get to this point and I had to make several assumptions but I wanted to answer your actual question.

I've felt the same way with all the glee from the BTC community talking crash to $20k so I can staxk more cheap. I get the sentiment of wishing for more at $20k but its like they don't consider the long term effects of adoption rate etc. Lots of this run has been about ETFs and pension funds and governments holding it. 80% swings aren't going to be good for that. IMHO this current 30% or whatever pullback isn't a good for an asset we're trying to frame as a store of value. Who wants to invest in a store of value that's going to crash from 125k to 80k in a month?

OP- Did you purchase your BTC on Robinhood? My understanding is that you can’t transfer it off their platform. Cold storage of Bitcoin is way more important than a lot of people realize.

Looking at the recent volatility and the failure to sustain momentum, I believe the core problem isn't regulation or macroeconomics, but two internal issues that eroded trust and liquidity: Paper Bitcoin and the Toxic Culture of FOMO Leverage.
The Cancer of "Paper Bitcoin"
"Paper Bitcoin" refers to the massive amount of synthetic exposure (ETFs, centralized exchange balances, futures contracts, etc.) that represent BTC ownership without actually removing coins from the circulating supply.
The Problem: When institutions or exchanges offer these products, they create billions in demand on paper, but this demand doesn't necessarily translate into coins being permanently taken out of circulation (especially if they use fractional reserve or re-hypothecation).
The Liquidity Drain: As soon as the price dips, these massive "paper" positions are the first to be liquidated or sold by institutions prioritizing risk management. This creates immense, concentrated sell pressure that the retail market simply cannot absorb, artificially destroying bull run momentum built on genuine, self-custody demand.
The Irony: We celebrate institutional adoption (like ETFs), but in reality, this adoption creates a highly leveraged, easily disposable form of Bitcoin that actively works against the "number go up" narrative during pullbacks.

You may not be that bearish on BTC; however, there's always a risk that Saylor will dilute the stock to buy more BTC when BTC is down.

Don‘t worry too much, the market is usually clueless and just trucks on bidding useless things higher, that‘s how BTC remains at the top (for now).

Give me one BTC or I’m pulling the pin on this grenade

Ok this is a bit out there, so Monday morning quarterbacking.
What if Bitcoin Cash, instead of warring with Bitcoin Core on block size, advocated being layer one for BTC? Offering wallets with a wrapped BTC option that was transferred over the BCH network. I think the bitcoin.com wallet came the closest to this strategy but early on, swapping from BTC to BCH wasn't always easy, was a taxable event, and DEX options were blocked for US users.
However if the bitcoin.com wallet offered wrapped BTC in a seamless way, perhaps it would have taken off.

BTC HOOD 100p for .54 from 1.55. Thanks /u/RampagingDeer for this one from Friday's thread.

damn up 9%

i sold a 300/295p 12/26 exp on 11/18 for 1.13, looks like i'm up just under 50% on that. probably BTC that one today.

People like you are why we are glad billionaires are scamming you on BTC.
Good luck with your future bankruptcy.

Absolute stun.
perfectly summed.
theyre "troll" or "doge" or "pepe" or "mink"
but in the end they all have no usecase beyond tax reductions and rug pulls..
and totally Fu***ng stink.
if all that capital moved to smarter places,
we'd all be walking around with happy smiling faces ;)
Rhydyn un yn.
Viva la BTC.