BTCUSDT20240514C69500
Bitcoin / Tether USD May 14 2024 69500.00 Call
crypto

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We came to a point where we call BTC at 112K a dip…

How come you’re calling BTC garbage after you just made a shit ton of money from it? It’s literally digital gold, unless you need the funds, you should just leave it in there for 6 more months and you might see a double.

What's hilarious about this is how it's basically the same interviews, articles, etc. over and over every 4 years.
Even once BTC is over a million and Saylor is still buying, we'll continue to see these rehashes lol.
Lots of people will be left behind.

There is one Bitcoin for 10 kg of Gold in the world.
Which means if Bitcoins marketcap grows to the same as Gold, 1 BTC still doesn't buy you a whole standard delivery Gold bar (around 12 kg).

It obfuscates the origin of the coins.
Everyone throws BTC in the pot, then takes it out. Its very hard to determine which reciepients is which afterwards.
Imagine each of ten people have $100 in $1 bills. And one of these people robbed a bank and the stolen serial numbers are known. They all throw the money into a bag and shuffle it well. Then each person takes our $100 of bills. It's now very difficult to know who the bank robber is based on the serial numbers.
This analogy doesn't quite hold up because bitcoin doesn't have serial numbers, just transaction IDs, and every new transaction ID is unique.

Point 4 is so accurate. I find some of the smartest people I know with the most impressive college degrees/backgrounds in traditional economics and finance are the ones that struggle the most with the understanding of bitcoin. The traditional degree and background does nothing to educate you on bitcoin. If anything, it actually hurts a future understanding of bitcoin.
Not surprised to hear you have spent 1000+ hours studying BTC and history of money. It shows in the quality of your posts. Thanks, as always, Rico.

Actually a gold eating bacteria is spreading around the globe, the so called "Silver Digger" and it makes gold super rare so people shift from BTC to buy the last gold reserves available.

He's right. BTC is better than gold. All this capital will eventually go to BTC.

Everyone knows about gold. Not everyone knows about BTC. It is underpriced already wait until
Normies find out!

I hope not because my mom is 100% BTC but I feel it in my bones

Well I did kind of a similar mistake, 40% of my wallet is in ETH and the rest is in memecoins. I’ve reached a point where I completely stopped investing more money in memes and i’m just ready to DCA in ETH for the oncoming years.. However thankfully the memes in question are doing relatively okay so hopefully I can leave with some nice profit and completely focus on the big two BTC & ETH

The thing is though, 10x is nothing compared to what it did before. Also, it's not like people didn't do 10x elsewhere. BTC is ultimately useless because it is crippled on purpose. Whether that is an actual 'feature' during a massive selloff because people can't transact, creating a price floor, remains to be seen.

This is exactly why most retail get rinsed in crypto. You’re hunting for the magic ticker that 2–3x’s while ignoring the fact that the entire space trades on Bitcoin’s leash. Alts only run when BTC allows them to. If dominance spikes or Bitcoin dumps, every “wise investment” you listed bleeds the same way.
Eighteen months isn’t short term in crypto. That’s an entire cycle. Coins you’re hyped on now might not even exist by then. Ask the people who went all-in on EOS or LUNA how “smart” their picks felt two years later.
If you want to speculate, fine, but size it like a lottery ticket. If you want actual investment, stick with BTC, ETH, or real-world assets like gold. Chasing Solana vs Sui vs AVAX is just picking which casino table to sit at. None of them will save you if your timing is wrong.
The edge isn’t the coin. It’s your framework for risk and timing. Without that, you’re just donating to whoever sells into the next hype pump.

I would consider myself very well balanced. Mostly because I have a wife who doesn’t understand how the internet router works and 2 young kids. If I didn’t have them, I’d be 95% BTC but I’m probably more like 30% now.

I'm not trying to be funny with you, and op should have said what's written on the source (below). So you definitely have a point.
> The chart shows the global money supply (M2) of the 21 major central banks, shifted 10 weeks (blue line) relative to the Bitcoin price (black line) because it has historically been a good indicator of BTC's performance.
My comment was that there was more info available on the source, which we should always check regardless.
But yes, all good

But no one selling BTC is doing so for Argentine currency

Yea, BTC is totally worth 1-2% gains per year. Good call

What stops a country from printing money and buying BTC?

Argentina should use their currency to buy BTC. All of the world's central banks can print unlimited amounts of money if they want.