BTCUSDT20240528C73500
Bitcoin / Tether USD May 28 2024 73500.00 Call
crypto

Smart money stacking while others panic. BTC ain’t dead yet.

I was given $500 in BTC, I need the cash, how can I cash this without going through a broker?

Myspace is a centralized company that can win or fail dependent upon its management.
Bitcoin is a protocol and open source form of global money that doesn't depend upon any single company or country to survive or thrive
>whereas the perceived value of Bitcoin is dependent on the exact same factors, but for the network’s willingness to exchange liquid fiat currency for Bitcoin and vice versa.
This is untrue as it makes 2 false assumptions
1) That bitcoin is only a speculative asset which is untrue . Bitcoin is very useful money that can do things that fiat can't do. Bitcoin is a timestamping ledger and a smart contract protocol and payment rail. It can fail in one or multiple of these things and still be a tremendous success.
2) You are assuming that we need to sell Bitcoin for fiat which is also untrue. I spend my bitcoin directly with many merchants, many of who do not sell their btc for fiat. Additionally bitcoin has other trading pairs like BTC/GOLD or BTC/altcoins.
> people realized the social value of MySpace usage was tied purely to the network effects
The fall of myspace has nothing to do with people thinking that its value only was associated with its network effects (which is also untrue) . Better competitors like facebook led to the decline (not death) of myspace. myspace still exists even today.
>network effects of a tech product that was no longer trendy,
The network effects of money are different than the network effects of a social media website:
1) When you are a bitcoin user you are directly invested in it so have strong incentives to stay with bitcoin and secure it unlike myspace where almost all users were not stock investors as well
2) Bitcoin has billions of dollars in physical infrastructure like ASICs that cannot be repurposed for anything but hashing double rounds of SHA256
3) Money depends upon the network effects of millions of users and merchants to accept and use it and they cannot so easily retrain , change POS systems , and switch to another currency like you could with myspace. You need to continue to accept the currency because your clients expect to pay you in the currency and you will lose revenue if you all of a sudden stop accepting the currency.

Here's some new and data recently to help back your calls.
*** Current News (1 to 7 days) ***
- 3.2 trillion market cryptocurrency cap exceeded
- $90,000 k Bitcoin - Gold (perspective)
- $3,000 k ETH - Silver (perspective)
China/USA trade tariff deal
Russia/Ukraine war peace deal
Artificial Intelligence AI:
- Nvidia down $195 -> $170 20th-25th November - Remember Deep Seek fears from China competitor
- Nvidia challenged by Google Gemini buyers from Meta data centers
- Big 7 AI are opening up more companies and this will not continue to be the only 7 in this stock market
Federal rate cut: December 10th:
- November rate cut no effect on cryptocurrency
- USA bonds backing BTC
- Cheat Sheet in 11/26 (Greater > 6.5 trillion is the number)
- Jobs
- Cartels were liquidated last week and during the month of November - Drop 30%
- China #3 worldwide miners of cryptocurrency - China eyeing opening the ban since 2021
- Russia open for cryptocurrency
- Russia sold bags to pay bills - can't pay soldiers
Public moves:
- Andrew Tate liquidated 700k+
- Baron Trump longs opened 50m+
- Garrett Jin longs opened 200m+
Imagine the people NOT showing their cards in poker? How many of these people are you or connected to your investments?
- Michael Saylor holding even at a close 74k topple and explains the 12 year cycle not 4 year
- Tommy Lee holding ETH on the dump
- Robert Kiyosaki is not a crypto investor - A real estate mogul yes, not crypto, he sold
- JPMorgan Chase - Bitcoin bond
What have you seen in the past 1 to 7 days. Ask yourself? Ask your team? Time to invest or sellout? Watch those %'s and gains or loses. It's showing a lot of data.

GoMining’s Black Friday event is live from **27–29 November**, and this year the stackable discounts are unusually strong.
Here’s what you can combine right now:
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4. Use **BLACKFRIDAY15** to upgrade your miner’s hashrate 15% cheaper
Why this weekend matters:
• Hardware prices are lower than usual
• Upgrades are temporarily discounted
• Market is quiet → cheaper entry for long-term miners
• TH you buy today mines BTC every day, regardless of price
If you're new and want help comparing efficiencies, understanding TH/day payouts, or planning upgrades, feel free to ask. Happy to share real numbers and answer questions.

The coins on that wallet are considered as not accessible or lost. So they count as burned.
Keeping that in mind (and for easy math) let's say he has 1M BTC on there.
That would mean there will only ever be 20M BTC available.
The whole MC is calculated with that in mind.
If that wallet ever moves 1 coin; the whole of BTC would crash because there would suddenly be 1M of them available as "extra" supply that wasn't supposed to be available.
Would BTC recover? I think so, yes. But I can't know for sure.
It'll take a loooong while and I have no idea what the bottom would/could be in this case.
Someone correct me if I'm wrong.

1 Bitcoin is always 1 Bitcoin. Just like an ounce of gold= ounce of gold.
>Gold has shown it is a far better instrument than $BTC.
In what way? Bitcoin as a transactional asset has way more utility than gold. Although highly speculative ( as it's a nascent market ) it has our performed gold beyond measure. I don't deny gold has value but Bitcoin is proving to be a mighty strong contender.

Since BTC is your nickname, that’s a very forward demand

We’re Are Entering The Everything Up Stage $BTC $GBTC

***Lights a bowl***
🥣
$$$ buys more BTC$$$

I'm aware of that.
What surprises me is that if you're so confident BTC price is going down that much, why start DCAing right now. Just wait for the bottom.
I'm personally DCAing both, BTC and BTCI and will continue to do so since I don't know (and also IDC) what the price is going to do. That's why people DCA, isn't it?

So go all in a massively leveraged short position, and then move a single BTC from that wallet to an exchange?

I would stay ETH. Upside potential is more than BTC and it follows BTC

If that BTC ever moves in any amount, bitcoin will take a significant hit.
The assumption we all have is the creator did so in god faith and that those funds are inaccessible.

The instant that wallet moves any BTC the market tanks lol

10% of your port for moon shot gambling alts. Reconcile yourself to the fact that most of these plays will lose.
Crypto majors for the rest of the 90%. BTC, ETH, SOL in a 23:5:1 ratio.

Take 100 BTC for myself, long market x1000 leverage and announce massive burn 😂

Sats are the fractions of BTC.
To put it another way, Sats are to bitcoin what cents are to the dollar.

**ALL HAIL THE ETERNAL CRAB**
⭐ 📉 📈 🌊 📈 📉 ⭐
📉 🌌 📉 📈 📉 🌌 📉
📈 📉 📈 🐋 📈 📉 📈
🌊 📈 🐋 🦀 🐋 📈 🌊
📈 📉 📈 🐋 📈 📉 📈
📉 🌌 📉 📈 📉 🌌 📉
⭐ 📉 📈 🌊 📈 📉 ⭐
**$1000--------$3039--------$5000**
**2021----------2025----------∞**
*The effect of a halving on BTC price: 2x.*
*The effect of a triple halving on ETH price: CRAB.*
*The effect of an ETF on BTC price: 2x.*
*The effect of an ETF on ETH price: CRAB.*
*The effect of DATs on BTC price: 2x.*
*The effect of DATs on ETH price: CRAB.*

BNB, BTC, ETH, SOL