BTCUSDT20240807C46000
Bitcoin / Tether USD Aug 7 2024 46000.00 Call
crypto

Does your crow predict BTC price action?

Way back in the early days of BTC a coworker of mine bought several coins. I don't know exactly how many, but it was a few. They were like $40 so he bought enough to pay off any crypto locker scammers. He figured if one of his friends or family fell for this scam and got their PC files locked he could pay the ransom and get the files unlocked. He never had to use them and I tried to convince him to sell them when it was $30k a share, but he held.
He got caught up in the FTX thing and lost some value over that. He got his money back, but not the appreciation of the coins. He didn't have his whole nut in there, but he still lost a good chunk of value.
If I was him I would have sold so many times already. He doesn't because he doesn't want to pay the taxes.

You did the thought problem and never gave a reply.
If you had $45k to invest would you buy bitcoin? If no, sell. If yes, keep.
I would never have bought BTC in the first place, so if I ever got some I'd sell it as fast as I could. I think Crypto is little more than a Ponzi scheme and it's bound to collapse someday. Even if I'm wrong I don't see it becoming anything other than a fringe currency. I'll pass.

How do I move to cold storage? I have some in Coinbase but most is in Robinhood, like .01 BTC.
I set up a daily buy system and just forget about it to let it stack. Am I doing it wrong?

After your first 100 BTC you can buy sats just for fun.

*tl;dr Hackers broke into Bitfinex in 2016 and stole 120,000 BTC ($75m at the time) directly from customer accounts. Law enforcement recovered 96,000 BTC in 2022, now worth $3.5bn. They returned a bulk of it back to Bitfinex. Bitfinex did not return the bitcoin to its customers, but instead provided them redeemable tokens for the value of the bitcoin at the time it was stolen. (Even worse: "Redeemable as quickly as we can.")*
I usually call people who yell "not your keys, not your coins" too alarmist. Exchanges must be held accountable. They are 100% not being held accountable. This should be a massive lawsuit to permanently determine that if bitcoin as property CAN be returned then it MUST be returned, not the value in dollars at time of loss.
You can watch the slimy Bitfinex executive explain this directly at 1hr13 in the documentary, by the way.

IMO: You stop when the sum of all your future BTC purchases fail to significantly affect the date you reach your goals.

I made a small faceless crypto channel where I break down concepts like market cycles, funding rate & beginner BTC topics in a simple way. Still improving, so feedback is welcome. Here’s my latest video. https://youtu.be/Gj98BXUH_Eg?si=9xET-xYCkHNQgf2A

Yes. Specially when Risk Assessors sends their regards. Its really fun.
Arguments here and there.
Kidding aside, it doesnt really change much. Their funds are managed as a whole, but each individual is given some level of autonomy to trade whatever they like.
There was this loud guy, although he isnt that great of a trader, his ideas were topnotch basically. He had the best ideas but just cant translate it into trading. His team basically trades what he thinks.
Its been months now, so idc. He basically said to short BTC as there were an unusual level of illiquidity in the market. Much higher than 2021 cycle. Basically his idea was even if the market can go higher, its definitely overextended on the upside, so he wanted to short it in the short term.
Unfortunately, it wasnt allowed to be played as their risk exposure at the time was too damn high.

I have mine BTC from now to my 50 . I can’t imagine me taking such a risk .2026 is a good prospect elevation for BTC rising up .No doubt

Youtubers are making up all sorts of crap to convince people to watch their videos. Bull run BTC to a million lol and I'm here laughing while people buy tops and sell bottoms

BTC 24 hour Liquidation per Coin Glass

Fixed supply cap is one of the reasons I chose to invest in both BTC and ADA. Curious what other fundamental properties you value most in these projects? I've found myself increasingly appreciating Cardano's focus on research-driven development, even if it means slower rollouts sometimes.

Keinem sagen wie viel BTC du hast.
Niemals.

Hello u/AccidentalArbitrage
[Your open trade](https://reddit.com/r/BitcoinMarkets/comments/18vebp1/bitty_bot_paper_trading_log/nqy6nx0/?context=1) has been closed due to opening a new trade. Your new trade will be opened at the exact same price with no slippage. Your trade closed at the current price of Bitcoin on Coinbase Pro, which is **$91,130.71**
You spent $5,081,970.09 cash to open this trade. You have repaid your loan of $0.00 to the Bitty Bot Bank and $5,134,001.52 has now been added to your cash balance.
You profited a total of **$52,031.43 +1.02%** Congratulations!
Your cash balance after closing this trade is $5,134,001.52
---
[You have](/message/messages/4k1gdhr) **Longed ₿1097.32493031** ($100,000,000.00 worth of BTC at the execution price of $91,130.71)
You have chosen 100X leverage: You have borrowed $99,000,000.00 from the Bitty Bot Bank and spent $1,000,000.00 from your cash balance.
**Liquidation Price: $90,219.40**
Stop Loss Price: $91,128.43 - Your cash loss will be $2,500.00 if your stop loss is triggered.
You have not set a take profit price.
After opening this trade, your remaining cash balance is $4,134,001.52
Good luck!

> The killer feature was not that it was easy to pay. It's that it decentralizes the issuance of currency and removes the rent seeking middle men.
But as it is now self evident with BTC, making it not easy to pay, has re-introduced the rent seeking middle men…

Thanks for posting your theta journey for us! I follow all your posts and look for inspiration :)
I have a question about your attached link to the trades. I see that you have BTC strike and STO strike (for instance, for RKLB stock): 90 vs 42.5 . Are these Buy To Close vs Sell To Open strikes? If yes - shouldn't they be the same? Or are these something different?

I don't specifically dislike ETH BTW or have some problem with it.
And I'm definitely not a BTC MAXIST in the sense of "arghhhhh nothing else can exist" lol.
When you say assumptions what did you mean by that out of curiosity? You've been around since BTC was $600 so ill make a presumption that you have a thorough understanding of how BTC works and that an actual protocol fork would take mass consensus, that's an immutable truth.
Lastly it's not even that we value different things, I see ETHs value I hold a good amount of it. My reply to you was really triggered by your PoW is garbage comment. Being Pow is the very thing that will keep BTC the number one store of value of any digital asset in the entire crypto sphere.
Really lastly lastly why do you hope I'm a wholecoiner 😂?
What do you care lol.
I've given more BTC away than what most people will ever hold in their life 😉.

Without the underlying factors behind “stock etf and stuff” there is no engine to fuel capitalism and bitcoin would be worthless. If you’re going to park money for 20 years and measure from prior performance, then btc may significantly outperform SPYX if its trend continues, but that is an assumption. BTC has no fundamental underlying value, is highly speculative and volatile, and cannot reliably be used as currency for this reason. If you go all in on it you are basically gambling, which either hits big or doesn’t. Good luck in your choice.

Also how likely are regulators going to allow an absolute fucking nuclear bomb hit the market to completely destabilize the entire economy? That's what MOASS is

The mechanics for MOASS exist, but realistically, how do we make it happen? Well we place reliance in RC for that, and quite frankly, a Tesla melt up is more likely than a Volkswagen squeeze. A Volkswagen style squeeze would rip apart the economy. We'll still have wildly large account balances, it'll just take longer for them to raise, and they'll have a lot more assets supporting the balance like Cash and BTC instead of shitty swap agreements needing to force the price to a specific point