BTCUSDT20240321C71750
Bitcoin / Tether USD Mar 21 2024 71750.00 Call
crypto

What you’re saying doesn’t jive. You mentioned “no money, no BTC”. That’s not how it works. The deposit goes in as cash and you have to convert it to BTC. To me , this implies you’re bullshitting.

ADA/BTC near all time lows and at the same price from like 8 years ago.
How anyone can hold this shitcoin is beyond me.

and still BTC over 100k and counting

Dovu... you're going to trade BTC for DOVU? 🤦‍♂️

Inflation is going crazy still, job markets are trashed and unemployment is up. Tariffs effects are expected to hit soon. I pulled out of everything but BTC.

Wrong
Gold is a store of value, but is obviously useless today as a medium of exchange as it's not practical to pay for a coffee with a tiny fraction of a gram of gold
Store of value first. Then, when more merchants realise that it's a good store of value and still has a lot of upside, then they'll want to collect it as payment. So then we have medium of exchange
This is basic BTC economics. Create the store of value with the excellent technology basis (the large network of easy-to-run nodes, Lightning, Ark Protocol, Cashu, Fedimint, Nostr zaps...), so that all users (merchants and consumers) are easily about to onboard after they understand

It really hasn't been going both ways for the last 4 years. Just watch any memecoin compared to BTC

📊CURRENT RAINBOW CHART 🟠$BTC

Tbh if we get to that point where is cheap enough to make gold using fusion or something, then neither BTC, gold or any currency really matter anymore, it will be post scarcity and that means that humanity won

Well you cant have it as payment system when only ~1% of the population holds BTC (not talking about shitcoins) and when nobody else is onboard the crypto train. Adoption takes time since most boomers and millionaires holding the money would be reluctant to acknowledge the shift. We can argue if Btc has value but then again only if more people shift to use crypto for day to day activity can we say that it has failed as a payment system. As of now people are using it has a hedge .. very much like gold. But sure you never know what happens next.

That spike in 2014 (when I first heard about BTC and dismissed it as a bubble) is basically indistinguishable now when you look at the all time chart.

But in that case BTC really is just bad as a money. It stores value alright, but for trading it ain't that great.

If O could easily pay the school loan every month I would keep the BTC and pay the loan off later. (THIS IS NOT FINANCIAL ADVICE)

“Altseason” is even more pathetic when you consider two of the ten largest altcoins by market cap are stablecoins.
[Real BTC dominance (minus stablecoins)](https://charts.bitbo.io/bitcoin-dominance/) is currently at 70.1% and has only gotten as low as 69.3% this year.
In 2018 it got as low as 42.2%. In 2021 it got as low as 55.5%. Following the trendline, real BTC dominance should bottom out at ~68.8% this time around.
As time passes it becomes increasingly obvious that all altcoins are headed to zero when priced in absolutely scarce BTC so it makes sense that each altseason is weaker than the last. Altseason might be close to over if it isn’t over already.

Oh yes they do. The BTC sub is filled with people begging for affirmation. Just like this stupid meme in this thread. BTC will eventually just be some commodity like gold. Nothing special.

Lol we've been hearing this nonsense *literally* for YEARS.
How long will it take for people to realize that Ethereum can succeed while ETH the token continues to decline in value?
Look at ETH/BTC. Nuff said.

I bought 3 BTC when they were 100 dollars each. Sold them when thr price was 400... Atleast i made profit.

Good points, but the real hurdle for BTC as a pricing unit is its volatility - merchants can’t peg goods if price swings 5–10% in a day. In the U.S., most of us see BTC more as a store of value, kinda like “digital gold,” until adoption + stability improve. Long term, layer-2s and broader usage could make day-to-day pricing way more practical.

Three minutes of gold mining today - equals three minutes of goldmining by the end of the century +/-
Three minutes of BTC mining today - equals almost three years by the end of the century
They are not the same, by a longshot.
BTC is going to dwarf gold as a store of value in our lifetime.

LoL, you are so out of context as you are speaking with a BTC maximalist