BTCUSDT20240829P58250
Bitcoin / Tether USD Aug 29 2024 58250.00 Put
crypto

WBD, BTC Sessions, Rajat Soni and Luke Broyles.

Why not just buy BTC?

Sir- Im not "acting" like anything. Its night and day between the concensus systems.
Factually anyone can mine Bitcoin-and well ask ppl in Venezuela what they were doing when their economy collapsed.
You are incorrect on POS as th token holders dont just "ose" their stake. If they did it wouldnt be POS anymore.
I feel you are havng a hard time grasping what POW is. DOesnt matter if the mining (at this time) is dominated by industrial operations. If the day ever came when those "industrial operations" did not mine BTC- guess what? The blockchain can still go on.
Whereas in POS- when the stakeholders are gone- the blockchain is gone. Poof. With BTC its virtually impossible for that to happen. You also seem to be stuck on "energy" which POS requires the same.

Have I been using this wrong? When I buy BTC with Revolut I’m charged a 1.49% fee? I just read it and it says crypto ‘exchange’ has no fees. Am I getting charged because I’m ’trading’ it. What’s the difference? I put the gbp in directly from my banking app, then go to crypto tab and click buy BTC. Should I be doing it differently to avoid the fee?

Eventually, most of it becomes tiresome. BTC Sessions, The Bitcoin Way, and TFTC do good long form content though. Not moonboy shit, fundamentals, technology, and freedom focussed.

!p BTC

Good for you, but this is currently not possible for many people.
And let me ask you, what unit of account does your grocer use? Does he charge the same amount of BTC every month or does it move with its price?
Imagine a working class family trying to make this work.

Local produce provider and local grocer accepts BTC, I work freelance and take payment in BTC, house is paid off. 
I don’t need to rely on centralized govt or institutions to live my life.

Considering how nearly every moment of 2025 has been economically unpredictable and wrought with uncertainty even while BTC pushed to new ATH's in half the months of the year... was a 150k prediction that's only 19% farther above the 126k ATH really that extravagant?

“I don’t have the slightest interest in gold. I like understanding what works and what doesn’t in human systems. To me that’s not optional; that’s a moral obligation. If you’re capable of understanding the world, you have a moral obligation to become rational. And I don’t see how you become rational hoarding gold. Even if it works, you’re a jerk.” - Charlie Munger
You kind of already know why it will never be a value investment based off the fact you mention it doesn’t generate cash flows. And your thesis is based off a pretty massive leap that it will become the new gold.
BTC by nature is designed to be a new form of currency that is meant to mitigate the risks of fiat currency devaluation. I think Satoshi literally called out the inability to trust central banks as being part of the reason he created BTC. So in that sense, sure it could be the new gold. But until it is widely used as a currency (ie actually used in day to day transactions) then it is completely unproven.
I would also like to tell you to use extreme caution in your prompts with any LLM when doing “research” like this. In your prompt you tell it that BTC will outperform, that it is used for transactions, that there will be institutional adoption, etc. Please know that the way these LLM’s are trained means that they will tailor their response, so you’re getting back something that will just feed into your confirmation bias while sounding like it considered all the options. Your prompt should be more along the lines of “act like a financial analyst and find me the floor value of BTC. Provide sources and ask clarifying questions as needed”.
And just to repeat the main point of all this - it doesn’t generate ANY cash flows. So it will never be considered value investing. I am sure it will increase and decrease many more times before we get to the endgame. But nobody knows where that endgame will be. And research how to prompt LLM’s to harness their full power and avoid answers that just subtly feed into your existing biases.
Sorry for the rant.

It's objectively scarce. There will only ever be 21m BTC. Now BTC being valuable is purely subjective and decided by the market.

Others might tell you not to sell and you might want to listen to advice. But it REALLY depends on your current financial situation and whether you need that money or not.
Whats the worst case? Bitcoin goes down by another 20-30k AND you need to pull that money out.
Bad case is also if you wait for 6 months and pull out at similar 90k price or you wait 12 months and you pull out at the exact same price as you bought ie. 120k
It's not that bad to take a loss now and pull out at 90k IF you need the money in the next 6-12 months.
Best case indeed - keep BTC and keep investing more IF you can affors that ie. won't need to pull out in 6-12 months.

If BTC and ETH had same number of transactions being submitted, BTC would be much more expensive. But very few people want to transact directly on BTC nowadays (I think most transactions happen offchain on CEXes and such now?) and it’s a concern within their community.
But along similar lines, people who say Ethereum has high fees would be surprised by how low fees are right now. Not that many transactions on L1 anymore. Transactions have moved to L2s, and L1 gas limit has doubled too!

Just treat it like an investment, if you truly try the Bitcoin standard and go 100% on your income to BTC you’re at the whims of leveraged traders and Trump tweets

If 1 BTC is $1 million in 10 years, 0.01 BTC will still only be $10,000. Nice to have, but absolutely not life changing for anyone in the developed world.

I had a really interesting conversation with chatgpt in terms of the intrinsic value plus margin of safety of bitcoin. Where I asked if a bear market were to arrive, and my thesis is bitcoin will one day become the digital version of gold, at what price would btc be reasonable to be defined as cheap enough to buy.
This is my prompt:
Bitcoin doesn’t have intrinsic value in the traditional value investing sense because it produces no cash flow, but it has grown into a globally adopted commodity held by institutions and used in transactions. If I believe Bitcoin will eventually become the digital version of gold, I want to approach it as if it were a value asset and find a “floor value” or “margin of safety” price.
Right now Bitcoin still trades like a high-beta risk asset and often leads moves in the equity market, but the long-term thesis is that it will outperform the S&P 500 until it reaches its “digital gold” end state.
Given the current environment in late 2025, rising mining costs, institutional adoption, and the possibility that an AI-tech bubble could burst and drag Bitcoin with it, what would be the realistic bottom price or “value-style dip buying” level for Bitcoin today?
I want the answer based on miner economics, institutional cost basis, and historical drawdown behavior, not hype.
This is ChatGPT response:
Bitcoin as a Value-Style Asset (Dec 2025)
Bitcoin doesn’t have intrinsic value in the traditional sense, but you can approximate a “valuation floor” by looking at mining economics, institutional cost bases, and historical drawdowns. This gives a practical framework similar to value investing.
1. Miner Cost Floor
Mining difficulty and energy costs in 2025 put the global breakeven for large miners around $70,000. BTC rarely stays below miner breakeven for long because miner capitulation forces difficulty adjustments. This acts as the economic anchor.
2. Institutional Cost Basis
Major ETF issuers and corporate buyers generally hold BTC in the $80,000–$90,000 range. This zone tends to attract long-term accumulation, since it sits above miner cost and matches the range where institutions have historically added exposure.
3. Historical Drawdowns
Deep bear-market lows have historically been 75–85% below cycle peaks. If the next peak lands around $140,000–$160,000, an 80% drawdown implies a panic bottom near $30,000–$35,000. This is not sustainable, but it represents the classic overshoot that happens in major crashes.
4. AI-Tech Bubble Burst Scenario
If an AI bubble unwinds and risk assets sell off, BTC likely behaves as a high-beta asset. A severe crash could take BTC to $30,000–$35,000 briefly, stabilize around $45,000–$60,000, and then recover back toward the $70,000–$90,000 zone where long-term buyers re-enter.
Summary
Miner floor: $70,000
Institutional accumulation: $80,000–$90,000
Margin-of-safety dip: $30,000–$35,000
Extreme liquidation low: $25,000–$30,000

The risk is BTC still doing nothing for a while and that means a whole lot of nothing for BTCI as well.

My opinion is someone who endorsed Bitcoin want to selling up price and re-create BTC ATM cash machine to makes BTC has utilities token or for money laundering for some reason, Like if you won a huge amount of money from Casino, probably the best thing you can do fo cross border payment and safety to keep your money is, BTC

I keep reading that BTC transactions are supposed to be pretty expensive — often $10 or more for a normal transaction.
I just made one myself and it cost well under $1 and was confirmed quickly.
Did something change? I can’t really find much information about it. According to the tools I checked, my fee was completely normal — so why are BTC transactions considered expensive?
Is there a clear 1:1 comparison with Ethereum that could help me understand this better?

Oh? You’ve been waiting for a bunch of mouth breathing, inbred, silver spoon fucks to show up and manipulate BTC for their personal gain?
Cool.