BTCUSDT20240325C68000
Bitcoin / Tether USD Mar 25 2024 68000.00 Call
crypto

I'm an ETH Maxi.
But I've held BNB since 2017 at around $8 and have staked it for years. Binance is still the largest exchange in the world, with a supply of only about 139–150 million tokens - and they regularly burn more. BNB also has real utility, even though it’s centralized.
I’ve gotten plenty of downvotes here and on CC whenever I mention BNB - lol - but if you zoom out to its 2017 launch, the chart looks incredible. It's up 5x BTC the past 5 years.
I recently sold some BNB and did a free ACH withdrawal from Binance to my bank, which arrived in two business days - a little slower than Coinbase. I also have another sell order sitting at $1,040, waiting to see when it gets filled. In my opinion, BNB could rally to $1,200–1,300 in the short term, and if this bull run really has legs, I think it could even push past $2,000.

tldr; Bitcoin's exchange supply ratio on Binance has dropped to 0.029, indicating fewer coins available for trading. This coincides with the Federal Reserve's rate cut, which caused volatility and reduced perpetual futures open interest from 395K BTC to 378K BTC. Bitcoin's price remains near yearly highs, consolidating around $116.7K-$118K. Analysts highlight $116.7K and $113K as key levels to watch. The decline in leverage and exchange supply suggests a shift in market dynamics amid macroeconomic changes.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

The real question isn’t how much Bitcoin you have, it’s how much fiat your stack protects you from. Dollars are being printed into oblivion every day. If your stack wouldn’t set you up for life at $1M per BTC, you’re not done stacking. Focus on accumulating and securing Bitcoin, the only sound money in the world. Everything else is noise.

Do you think BTC dominance has topped this cycle?

No I do not think they can change something as fundamental as new supply of the asset a non-trivial portion of the market is pegged to. If anything ETFs and financial institutions holding large amounts of crypto opens up new attack vectors to create future boom/bust cycles vs. being a stabilizing factor.
These are institutions that know very well how to profit from making something collapse and BTC's natural cycle only makes that easier for them.

By lying and tricking the Code. No sorry! That was BTC Core Dev Luke about the Ordinal guys 😂😂.
In a nutshell:
- Control the most important spaces where people talk about Bitcoin.
- Slowly shift the narrative. Sow doubt about the roadmap.
- Start silencing everyone that opposes this.
- Give people feel good narratives that they will defend to their teeth if someone tells them that it is not true. Like: You can make the world a better place by running a non-PoW node from your room.
- Get all the devs of the single repository on your payroll.
- The ones that don't get on your payroll have to be ousted. Everyone makes errors, just use one and blow it up until they are out.
- Spread the narrative that everyone who build another repository with other rules to give miners a choice, is by definition attacking Bitcoin and a scammers.
- Since you can only fork away via hard fork you have to demonize it and spread soft forks as the only gospel. That gives your devs much more power over the path Bitcoin will take in the future.
- Since nobody can oppose your narrative and nobody can fork of without getting demonized you have almost full control.
- But you can't outright kill the chain. The nerds would immediately start a new one. Luckily there is a limit that was meant to be temporary, but with the control of the narrative it is easy for you to make it the most important thing in Bitcoin.
- Congrats you hijacked and crippled Bitcoin.
The long story can be read in Hijacking Bitcoin or here: medium.com/hackernoon/the-great-bitcoin-scaling-debate-a-timeline-6108081dbada

Yes. Now it can. It has a very limited choice of coins but I only own BTC.

Hands off, Amigo. Anytime your BTC goes through a company, whether store in your personal cold wallet or not, it’s no longer yours.

The way I see it, Bitcoin was the first ever proof-of-concept for a new type of financial technology, basically a public MVP. It had to be rather simple, even if Satoshi saw potential beyond what BTC was, launching anything too complex when it is a brand new technology runs the risk of the consumer market choosing to avoid it because they don't understand it, which happened anyway, but bitcoins value being based in its proof-of-work and bare bone simplicity make it approachable and over time and eventually let to adoption and adaption, and now we have today's crypto market, in under 20 years.
Now, Satoshi was smart, and forward planning by having a capped supply, meaning that eventually every single Bitcoin will be mined. Not only that, but every subsequent block gets harder to mine than the previous block. This creates a scarcity that graphs into the scaling of industry. The footprints look different, but a commercial Bitcoin mine and commercial gold mine are market parallels, each consuming vast resources in the pursuit of a comparatively tiny but immensely valuable return. That, combined with it's initial purpose that made it initially valuable, essentially turned it into crypto gold.
If BTC launched today, nobody would care, it's basically a meme/shit coin by today's standards, it **ONLY** holds it's value because it was *the* market pioneer.
So it's value comes from 2 main factors:
1. It was the pioneer, that has value. (x)
2. And in order to retain that value, it has induced dual faceted scarcity. (y)
x+y=v, where 'v' is the current market value.

“Are we watching bitcoin slowly transform into exactly the kind of sterile financial instrument it was supposed to replace?”
Yes. The space must continue to evolve if the cypherpunk ethos is going to survive amidst trad-fi investment. Saw Adam Livingston on X write something to the effect of “You and I are investing in BTC to have the privilege of watching civilization burn with a caffeinated grin on our face.”
A disgusting sentiment and one that couldn’t be further from the truth of how I feel. If this is the new generation of Bitcoiners then I want nothing to do with them. I invest to make the world a better place and watch civilization prosper.

Price activity is likely but not predictable. When a price blows beyond a price that makes people anxious, they want to see how it behaves at that price again. If it doesn't drop too far below that price again, they will feel secure at that price. I don't mean to be disparaging, but that is Technical Analysis 101.
Because you can move between more than 100 chains without ever leaving your wallet, tools like Rubic (which is often referenced in Rubic) make it simpler to swap between these well-known coins and majors like ETH or BTC.

This is an excellent answer. I would suggest accepting a wide range of cryptocurrencies for payment, people tend to hold BTC and use other coins for transactions and trading. Marketing your products directly to crypto audiences will also help you make more sales through crypto payments.
You can convert your business profits into BTC, and then use your Bitcoin stash as collateral for a loan through [Lantern.Finance](http://Lantern.Finance). Our loans do not require a credit check or any other qualifying paperwork, they are issued solely based on your crypto collateral. The loan process is easy and fast, we pay out same day or next day.
When you place a loan through us, we store your crypto collateral in insured cold storage with Bitgo. This is the perfect way to store BTC for a long term HODL strategy. We never use your collateral in any way, it just sits there and you can always view it with your BitGo wallet address.

Oh, people will still hold BTC, because they won't be able to sell when the price inevitably goes down. This built-in floor will keep it somewhat valuable. Maybe that IS the utility of not being able to transact.

$5–6K is enough to start, but don’t expect to consistently make big money right away — most beginners lose to emotions before they learn proper risk management.
I only trade crypto, and what changed the game for me was automation. I run bots on select, long-term coins (BTC, ETH, SOL, ADA, etc.) using indicators like RSI, MACD, Bollinger Bands, stochastic, etc. They execute trades 24/7, manage risk, and keep emotions out of the equation. It’s not a ‘get rich quick’ thing, but it’s consistent and frees you from staring at charts all day.
If you’re curious about how I set this up, feel free to message me — happy to share the approach

The daily trades could be the same value (fiat amount) and 1 BTC could still become 1M, that's the thing that's been happening, smaller fractions at higher prices.

The pump hasn’t kicked because you gotta zoom out to the mid-macro cycle. Every month tends to follow a rhythm:
• 1st week → pump (FOMO entry fuel).
• 2nd week → cool off.
• 3rd week → retrace / shakeout.
• 4th week → another cool off back into the regular cycle.
That pattern is what’s setting up Oct, Nov, Dec. Alt season is here, but the big FOMO run isn’t … yet. Think of this as wolf season: the smart money is stalking, not sprinting. The real chase (the mass FOMO leg) usually comes later in the cycle once BTC dominance eases and liquidity rotates.

it doesn't matter that BTC seemingly fails to do what it was originally intended to do. what matters is the utility that it serves today, which is as a store of value. that's what gives it present value, not what it was originally intended to be.
there are plenty of technologies that were originally developed for one specific use case, but which was later more widely adopted and found greater success to fulfill some other need. sms messaging, for instance. or social media platforms. qr codes. gps. the list goes on.
to dismiss a widely growing technology simply because it is not doing what it was originally designed to do is to be stuck in the past. focus on the present and the future.

LN doesn't help BTC at all. I think BTC is great at being SoV. People should use other networks for MoE.

With a 21 b cap on BTC he may be right. Limited availability creates value.

don't think in terms of USD, think it terms of BTC. Have a goal for how many BTC you want. it's value in USD doesn't matter right now, and a dip only helps you reach your BTC goal. So if you have 0.5BTC now, and your goal is to someday have 5BTC, then between now and then you hope for dips to buy more and more BTC till you hit 5.