BTCUSDT20240513P65250
Bitcoin / Tether USD May 13 2024 65250.00 Put
crypto

To your point on crypto moving wealth, I’d agree with you on many coins, but billionaires are rolling billions into BTC as if their life depended on it. That shows something, unsure what. My gut feels it might be the USD confidence is floundering, and those with billions of them don’t want to be stuck holding them.

It really comes down to risk tolerance and conviction. Big winners usually require sitting through rough drawdowns (look at BTC, AAPL, TSLA. All the big hitters see multiple -60%+ drawdowns), which most people can’t stomach.
That’s why trimming as others have suggested when you start losing conviction, but also not being afraid to add on the way up is key. Funny enough, most people DCA into losers but rarely into winners.

There is a collectables line. That's a 28 mil improvement from BTC.

By the way, you compared BTC to visa here:
Remember, Visa does so while procesing **3,000 times** more tnxs per second than BTC does.
How do you propose to scale BTC to this level, while remaining comparable fees?
If your going to comapre the two, don't cut things out.

Respectfully, please don't use chat GPT to write your replies.
>blocks come every \~10 minutes on average, just as designed. If you want instant settlement for small spends, that’s exactly what Lightning is for, and it’s been running live for years.
This is slow.
It's even slower when you consider that's for the first confirmation- final confirmation doesn't occur until five or six, so that's a full hour. It's even slower if you consider that small tnx's might not make the first few blocks.
As for LN- I have an inherent distrust of off-chain layer 2's, for all the usual reasons. Secondly- BTC isn't the only chain with L2's.
As of toda,y the average fee is 0.61 USD
[https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3y](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3y)
Nonetheless, I'll concede the broader point about it being cheaper than I thought. That's fair. Nonetheless, it can be lower.

It looks like BTC is correctly valued by this metric?

It is a value only for the pinions who will buy this price while it is not sold your BTC has a value of 0 in your pocket.
And in 2025 BTC is used for something other than buying drugs, second-hand Ukrainian weapons or renting children for a night... or still not?
This too will one day have to be asked to the BTC holder.

Yet still people try to win by pumping their hard earned cash into BTC. Imagine if that money glowed to BTC instead of scam coins.

Id be rich. Haha me and the boys bought $5k of BTC back in 2016. Something like 12 bitcoin i think. Yeah well guess where we spent it 🤣

Just started 100% in BTC, DCA 470 USD weekly for 10 years. After finishing studies in 2 years i'll DCA a world index as well for safety.

Jupiter DEX (decentralized exchange) on solana chain with phantom wallet (chrome extension and iPhone app), very fast and cheap to transact. Phantom is free.
Uniswap DEX with metamask wallet browser extension on Eth.
Sol is like eth but faster and cheaper. But eth is decentralized and immutable and solana is more centralized.
They both are great and have their use cases. I’m long eth and sol long term
There may be better ways, but I think these are great.
EDIT:
Buying the official wrapped BTC on the chain you are using is an easy way to switch between ETH and BTC holdings while staying decentralized. It’s an ERC20, not actual bitcoin, but can always be traded for the equivalent BTC price at the time it is sold paid out in ETH. Buying actual BTC with ETH is a lot harder

According to your chart the price is pretty much where it should be lol. But I’m not sure it’s scaled properly, the ones posted earlier looked different and the M2 went up to like 140k on BTC scale

85% BTC / 15% Cash/HYSA/Time Deposits
I only rebalance every time Bitcoin risk metric goes above 0.9-0.95

Its the BTC

Comparing to BTC makes no sense. 99% of cryptos ever conceived lost 99% to Bitcoin (and often even 100%...). It has ~60% of total crypto market cap, with 10k+ cryptos being actively traded and listed on CMC.
Now, if you take the above into account, LTC looks absolutely great.

Isn’t it the BTC?

I'm from a 3rd world country and I think it's pretty delusional to estimate $10,000 per person in the world saved in BTC.

Tell those who say this to look at the BTC chart since 2022.

Germany never paid money for the BTC they dumped, unlike Saylor and others who actually bought theirs. They'll handle their BTC differently.
Bitcoin was designed to be decentralized... if retail is worried about corporations and governments accumulating too much, the answer is simple: start stacking some yourself.

this is the only sane reply, 100% agree. Remember FTX? 10dollar Solana and 10k BTC AND NOBODY WANTED IT