BTC

Far_Significance1669

BTC is on sale!! (Huge discount) :)

mando_number5

Don’t tell me it costs BTC to play

PrinceWhoPromes

BTC: down -5.12%

Polishzebracamel

I've played this game many times, came to the a reasonable conclusion. STX. Why? Currently at .3 it can go to $3, because it's already done it, that's a simple argument. It's a coin that actually does something, earns yields on BTC. They are expanding to funds now. So a fund that's mandated to hold BTC can still earn interest on it. Simple idea.

CSMasterClass

Ah, the Honda Civic numerere. But this still does not give a measure of volatility --- though it gives us a number. Not many people use this measure, but it is not so different from either the BigMac index or the Gin and Tonic index. Usins your index, which is more sensitive Gold or BTC.

4-1Good-79

You can keep your BTC and use it as collateral to borrow USDC

crimeo

You're replying to a thread about a decentralization focused narrative, that does NOT consider BTC the most decentralized, but are complaining about opposite narratives? If, every time you see the right narrative directly in front of you, you ignore it and complain about how the narrative isn't that, then it seems like you're committed to never recognizing the possibility of being wrong.

JoeOpus

Screw Robinhood. Can’t believe ppl still use it. And $25m, great. That moved BTC’s price 0.0000000000000000000000000000000001

OkDeer4213

Same thing happened to me. Bought 1BTC for 5k. Panic sold during the pandemic. Had to buy it back at 10k. HODL ever since!

MathHelper2428

Price to buy the WDW ticket increased 3500% over 55 years. Price to buy BTC increased 13,486% over 10 years.... Glad the cost of WDW hasnt inflated nearly as crazy as BTC.

throwaway12three4

Umm... Have you met this friend in person? Reason I ask is because the more you explain the situation it sounds like a scam in the making. Sure, it might be legit but why would someone venmo it to you, then you pay him? sounds like a bunch of hoops. Also, why can he not get Venmo himself? or have the other person send BTC direct to him? or have the other person pay him in a way that he can accept? If the Venmo transaction you received turns out to be illegitimate and you already sent the BTC out, you could be on the hook for those funds. Just sounds kinda sketch.

tenor_tymir

Brokers like Kraken typically offer two options: either you choose the simple method ("Convert"), where you exchange your funds directly for BTC, or you use the broker's trading platform (the "Pro" version), which allows you to use various order types and view the order book. The convenient "Convert" feature always entails higher fees, whereas the trading platform ("Pro") offers lower fees but requires a bit more expertise. However, it is not rocket science: you simply place a "limit order" in the order book, specifying the price at which the order should be executed. This allows you to control "slippage" and ensure you acquire the BTC at your desired price. Conversely, if you place a "market order" instead of a limit order, there is a risk that the order will be executed at a higher price rather than the current market rate.

MrMoo151515

I’ve held it in self custody for a little over a year now. I really only did it because people said to do it. I got caught up in the coldcard entropy scare. I didn’t lose my BTC but I also only had 1 hardware wallet (mk4) at the time and really had no where to turn to so I dumped it all onto my brokerage. After the dust settled I bought some new wallets. And I’m limited to how much I can withdraw at a time. Daily limits, weekly limits, monthly limits. They’ve even temporarily frozen my account and took a bunch of phone calls for them to unfreeze it because I kept withdrawing my max daily/weekly limit. Mother fuckers will happily accept my BTC without restriction but the second I want it back in custody it’s a fight. I’m still withdrawing each week trying to get it all back. This was the click for me. This was the real world if I want my money I have to beg for it moment.

VivaLaBiome

Very simple solution --- buy stocks correlated with BTC. MSTR, BIT, ETHA or whatever. You don't need to own crypto to be directly exposed to it.

lobhater

Anyone know of a subreddit that has interesting discussions about BTC or the tech around it? Instead of just why the price changes every 15 minutes

AutoModerator

Post is by: GreatBreadfruit8139 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1x04bpo/this_crypto_bot_is_29_in_8_days_while_btc_did_16/ This one is getting tempting.. PSTE 8H · PSAR 12H Bot.. +29.1% BTC.. +1.6% ETH.. -0.88% Max DD.. -0.08% Age.. 7 days Trades.. 5 The strategy is already frozen.. now we just watch what happens. Maybe it collapses next week.. maybe after 50 trades everyone says they wish they had started forward-testing it earlier. Someone already copied it into their own Paper account. Would you copy it now?.. or wait for more evidence? [https://app.labnarrative.com/league/pste-8h-psar-12h-2b170599](https://app.labnarrative.com/league/pste-8h-psar-12h-2b170599) Paper/simulated trading only.. very early sample. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

locotx

Bro, get a loan off your BTC . . 12-year, average interest rate about 12% . . just work to pay off the interest asap . . .then in a year pay off the interest and any extra principal and refinance. I believe that's how the whole "never sell your BTC" and "borrow against your asset" thing works.

SAAGASolve

Well BTC hasn't even begun to synergize with the rest of the economy. >Giovanni Santostasi found power-law behaviour manifest in bitcoin over its fifteen year life. That my friend, is called anecdotal sampling. >If Geoffrey West's predictions about power-laws apply I sincerely doubt they do.

dou8le8u88le

Gold and the stock market are both approaching cycle lows later this year, could be very interesting if money rotates out of them and into BTC. But I’m not counting on it.

Archophob

google Gemini thinks the S-curve will flatten once we reach 1-5 million $/BTC in the late 2030ies.

ParagonSaint

Do you have an exit price? How high this cycle are you looking to cash out on BTC and ETH? Obviously no one can time the top but if you’ve been around a decade what’s your advice on “taking profit” for this next cycle/bull?

ippleing

Exit liquidity for the Epsteins. You'll start seeing more articles now from outlets about BTC being 200k by next year.

ippleing

Brothers, I've been in BTC since 2016. EVERY SINGLE TIME I started seeing articles like this from the financial industry it's always followed by a collapse. EVERY TIME there's a breakout it happens silently when NOBODY expects it. This time is no different, tread carefully, don't fall for the FOMO.

VeterinarianFun2455

bond market sell off continues risk assets sell off to cover losses. this is short term as the high bond market sell off increases the bond prices and then the fed has to step in with QE or some alternative aka printing money. HODL, and HODL hard because this is going to be a boon for the the larger BTC community.

BlitheringBloke

$1 per hour. DCA weekly on each Monday'. $168 each week. Regardless of the current fiat to BTC rate is.

BetterFunny6883

You mean selling 0.09 BTC not 0.9 BTC, that's an obvious typo. I'd say never sell your BTC ever

MinimalGravitas

> ETH whales who participated in ICO are praying that something will keep the chain alive (decentralisation, NFT cults, 99th L2 chain) so they can finally break even on their ETH/BTC entry. During the ICO 1 BTC got you 1,000 ETH. Now 1 BTC is worth about 32 ETH... so they are up over 30x on their ETH/BTC entry. > the whole cryptocurrency industry is gathered around "who has more TPS" and "who has more ETFs approved" and adoption One of the biggest conferences in the Ethereum calendar is the Cypherpunk Congress, happening in Mumbai in about 4 weeks (starts 2nd of November) As well as the usual names from Ethereum like Vitalik and Justin Drake, speakers have also included some of the original cypherpunks like David Chaum and Richard Stallman; Isabell Fernandes and Roger Dingledine from the TOR foundation; privacy whistleblowers like Chelsea Manning; Electronic Frontier Foundation director Eva Galperin, etc etc.

MrRoidsen

Except you don’t use BTC to buy things, you only use fake money aka fiat to buy things

EveliqTrace

Der Absturz sieht im Chart spektakulär aus, aber „Marktmanipulation“ ist damit noch nicht bewiesen. Der heutige BTC-Rückgang fällt mit mehreren Faktoren zusammen: steigenden Renditen, stärkerem Dollar, höheren Ölpreisen, einer erneuten Ablehnung bei rund 87.000 USD und einer größeren Liquidationskaskade. Interessant sind allerdings Berichte über mehrere neu angelegte Wallets, die kurz vor dem Rückgang stark gehebelte BTC-Shorts eröffneten. Aber auch hier gilt: **AUFFÄLLIGES TIMING ≠ KAUSALITÄT** **PROFITABLER SHORT ≠ MANIPULATION BEWIESEN** **KORRELATION ≠ KOORDINATION** Entscheidend wäre die nächste Evidenzstufe: Gibt es belastbare Hinweise auf koordinierte Orders, Informationsvorsprung oder eine gezielte Beeinflussung des Marktes? Bis dahin bleibt „Manipulation“ eine Hypothese -kein Befund.

CompetitiveAppeal663

If you’re selling .9 BTC for $8k, I’m sure you will find a buyer who will drive the fiat to your house.

francesco1-panico

Però ti é costato 0.2 BTC

xaviemb

Some people just can't help themselves... shorting a provably scarce and secure thing while the world prints fiat is the epitome of reckless gambling. Eventually they will be the fuel that rockets BTC higher. DCA and chill. Let's the children gamble in the meantime.

ir88ed

It's just another day. The price of BTC in USD will fluctuate.

Ok_Earth_9634

be way more comfortable selling a little than borrowing against BTC during a move like this

eToroTeam

The divergence with equities stands out more than the liquidation number. Nasdaq at a record while BTC struggles to hold $84K suggests this isn't simply a broad risk-off move. If that continues, the question becomes what crypto-specific demand is missing right now, especially with ETH ETF flows already turning negative.

Driftmier54

Sell it all. BTC to zero. You heard it here first.  I will take one for the team and buy your BTC for 50k

xXMrGoodKat

It may sound complicated at first, but before worrying too much about charts, prices, or finding the perfect entry, or Holding....I think the first thing you should do is structure yourself financially. **1. Get your regular finances in order first.** Separate the money you actually need from the money you're willing to invest. Have money for your normal monthly expenses, some savings, and IDEALLY an emergency fund. Bitcoin is volatile, so you don't want to be forced to sell BTC during a bad market just because your car broke down or you suddenly need cash. The money going into BTC should be money you can realistically leave alone for years if necessary. **2. Decide how much risk you're actually comfortable with.** Don't invest an amount that will have you checking the price every 10 minutes or panicking when BTC drops 20–30%. Bitcoin has had much larger drawdowns historically. Decide beforehand what percentage of your savings/investments you're comfortable exposing to BTC. **3. Don't put all your eggs in one basket.** That applies both to your investments and to how you store your Bitcoin. You don't necessarily need everything you own concentrated in BTC, and as your BTC position becomes significant, think about whether you really want 100% of it sitting in one place. You might eventually have traditional investments, cash, BTC, etc. And within your BTC holdings, you might keep a small amount accessible while putting your long-term holdings into proper cold storage. **4. Learn storage BEFORE you accumulate a large amount.** At the beginning, keeping a small amount on a reputable exchange while you're learning isn't the end of the world. But if you're planning to accumulate BTC long term, learn what self-custody actually means. Learn about hardware wallets, seed phrases, backups, passphrases, and recovery procedures. Most importantly, understand that self-custody gives you control, but it also gives you responsibility. If you lose your keys or expose your seed phrase, there may be nobody who can reverse the mistake. Don't rush into complicated wallet setups you don't fully understand either. Simple and secure is better than sophisticated and confusing. **5. Take security seriously from day one.** Use a unique password, 2FA, secure email, and be extremely suspicious of links, DMs, "support agents," giveaways, and people offering to help you with your wallet. Never give anyone your seed phrase. Never type it into a random website. And don't advertise publicly how much BTC you own. As your holdings grow, your security should grow with them. **6. Keep records of where your BTC came from.** This is something beginners don't think about enough. Keep records of your purchases, dates, amounts, prices/cost basis, exchange statements, wallet transfers, and transaction IDs. Moving BTC from an exchange to your own wallet isn't the same thing as selling it, but years later you may need to demonstrate where those coins came from and what you originally paid. Good records can save you a massive headache later. BIGT TIME! **7. Learn taxes, AML/KYC BEFORE you need it.** People spend years learning how to buy BTC and almost no time learning how they're eventually going to turn some of it back into dollars. If BTC becomes worth substantially more someday and you want to cash out, understand capital-gains taxes, exchange KYC requirements, AML/source-of-funds checks, withdrawal limits, and how your bank handles large transfers. A legitimate large withdrawal can still generate questions from an exchange or financial institution. That's another reason to preserve a clean history showing how you acquired the BTC. Don't wait until you're trying to cash out a large amount to figure all of this out. **8. Have an investment plan instead of reacting emotionally.** Decide whether you're DCAing, buying larger corrections, or using some combination of both. Decide roughly how much you're willing to invest per month/year and what would cause you to stop buying. You don't need to predict every top and bottom. Having rules helps prevent FOMO when BTC is pumping and panic when it's falling. **9. Think about your exit plan even if you're a long-term holder.** "HODL" doesn't mean you can't have a plan. Maybe your goal is to hold for 10+ years. Maybe someday you'll sell 10–20%, recover your original investment, buy a house, or gradually take profits. You don't have to know the exact price today, but you should understand what you're actually investing *for*. Basically: **Finances → risk → buying strategy → storage → security → records → taxes/AML → exit strategy.** Once you build that foundation, Bitcoin becomes much less overwhelming.

Thathitfromthe80s

Yep I do this all the time and only have like .8 BTC. Every time it spikes up I just shave off $500-$1000 and then pick it back up with the same amount but for more sats. The longer you’re in the easier it is to read “inappropriate spikes up”. It’s like brushing my teeth at this point just a fun little habit with low risk to my overall holdings. It’s how I’ll get to full coin by spending nothing more.

Large-Cress900

That's the part that got my attention too. I'd just be careful with “never touching the coins” — the sats are still locked in a Lightning HTLC during the trade.What I find interesting is that you don't deposit BTC into a conventional exchange account and receive an internal balance. The coordinator has a role, but it's a very different trust model from a custodial exchange

Tripleforty1

Yet here y'all are not measuring BTC against Fiat but actually trading it against Fiat currency. The idea of an decentralized currency is great but don't act like BTC is that because it ain't.

AutoModerator

Post is by: Brooks944M and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1wztzeg/btc_reclaimed_86k_then_slid_under_84k_within_days/ Recap of the last few days, because the price action has been... interesting. **BTC:** The September jobs report on Oct 2 was far weaker than expected (29K added vs roughly 90K forecast), which cut expectations of a Fed rate hike this month. BTC pushed back above $86K, a level it had not seen between January and about two weeks ago, and opened Oct 5 near $86.5K. Late Oct 6 it slipped under $84K, with a low around $83.6K, as oil jumped after Iran stepped up attacks on tankers in the Strait of Hormuz. Brent went above $101 and Treasury yields and the dollar rose with it. **Liquidations:** CoinGlass shows about $556M in total crypto liquidations over 24 hours, with $487M of that from longs. Futures open interest is still well below its record, so this does not look like a market at peak leverage. It looks more like crowded longs getting flushed on the way down. **ETH:** It broke out of the roughly $2,600 range it had held since Sept 24 and reached about $2,747 on Oct 2. It is back around $2,600 today. US spot ETH ETFs have posted net outflows every session since Sept 30, including about $202M on Oct 6, after roughly $690M of inflows the week ending Sept 25. **Everything else:** Smaller tokens fell harder, with the CoinDesk 80 down nearly 4% over 24 hours and layer-2 tokens leading losses. BTC dominance was about 57% as of Oct 2. Robinhood put $25M of bitcoin on its balance sheet this morning. The Nasdaq hit a record high on Oct 2, so equities and crypto are not moving in the same direction right now. What I keep coming back to is that a day like this is mostly forced selling, not people changing their minds about their holdings. In a market like this I would rather borrow against my coins than sell them if I need liquidity on a platform like nexo or kraken. Selling is a taxable event in a lot of places, and buying back later means re-entering at whatever price the market gives you. Borrowing keeps the position open. It is not free money, though. If you run a high LTV, a day like today is exactly how you get liquidated. Anyone borrowing should sit well below the liquidation threshold and leave real room for a sharp drop. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

CorfranGoch

TL:DR - Internet bad. BTC is Internet. So BTC bad. But Jesus redeems so bad=good. Therefore BTC good. That pretty much sums up Christianity. You can twist it to justify any bullshit you happen to like the look of.

Realistic_Fee_00001

Bitcoin is and will always be about p2p cash. What BTC does is something else and frankly not very interesting these days. It's mainly about gambling for more broken fiat money.

Medium-Renewed

My crystal ball says 30-40% while BTC pulls back to form a higher low

ComfortablePlace7674

BTC barely needs to move before overleveraged positions start getting liquidated

hodler1992

Market correlation?? This whole market is rigged lol. That has nothing to do with education since even the upmove of BTC is completely irrational. I'm a long time hodler and usually do not care about any shortterm noise. But as I have watched charts at the exact moment this red candle hit and was gone literally a second later I was wondering what could trigger such a move on all alts together it would take many billions and how is that not manipulation in the end. Completely unimaginable in the stocks market

Intelligence_kiwi_

Update: 7 Oct SGT for anyone interested, BTC had a pretty aggressive drop today so I added a bit more around the $86.5k and $84.9k range. Still continuing my daily DCA as usual

hodler1992

No I'm not and it is of course true that alts are following BTC but I'm talking about a simultaneous red candle in the exact same second which lasted only for moments.

maternoeslovo

I wholeheartedly agree that crypto has to be decentralised as it initially was designed. But at this point the whole cryptocurrency industry is gathered around "who has more TPS" and "who has more ETFs approved" and adoption (read: large funds acquired large portions of supply) rather than being decentralised. The whole narrative was hijacked. BTC narrative shifting from "new money" to "store of value" was narrative hijack. If 2-3 mining entities aligned BTC can be hijacked entirely, yet we consider it the most decentralised. I'm not even trying to be contrarian, that's just how it is. ETH whales who participated in ICO are praying that something will keep the chain alive (decentralisation, NFT cults, 99th L2 chain) so they can finally break even on their ETH/BTC entry. wrt to rug pulls, as a person who ran multiple projects (memes and not) with less than 2% of supply concentrated in my hands I guarantee you Newton's laws and theories have more to do with price action and project's success/failure than decentralisation.

Feriman22

I run FerimanEdge, a small Discord community focused on rule-based BTC, ETH and BNB market analytics. There's free Public Access with delayed updates and publicly tracked outcomes. No copy trading or automated execution. Might be relevant if you're looking for data-driven market context rather than hype.

Main_Dragon_1999

BTC hasn‘t fixed anything so far. It’s just another opportunity for hackers to get paid.

basketbun

As long as money supply inflates equities inflate at around the same rate, BTC more because of the finite supply

pickin-n_grinnin

Are you asking why BTC trading inside a range? Lol

Acceptable-Leek1546

If a 2% draw down is gonna wipe you out, you were already dead. BTC moves up and down 2% daily.

sarleknumtop

If you have money that you don’t need then buy BTC and forget it for the next 10-15 yrs. Nobody can guarantee but you may be grateful one day. Just don’t check every day how it’s going

Bilatsibagya

Yes sell BTC now at 84k it's probably dumping to 76k-78k you can buy more down there. Not financial advice though

L4gsp1k3

If you want ny honest opinion, then BTC can't never be the solo or currency as the Fiat system. I'm here for the lambo. If you want to understand why I think that BTC can't never replace any fiat currency is because of its scarcity.

Bilatsibagya

Let BTC drop low so i can buy more

khufuboi

Better to Get a loan on yours BTC

Mascho__

Now imagine compound in BTC

5hukl3

I hold BTC, but people are coping hard about mass adoption and "fixing the world" it's been 15 years since BTC was invented and its clear it'll never become a currency. It has become just another speculative asset, one with even less restrictions... Gone are the cyberpunk days of BTC, banking the unbanked and all that. BTC is just a high risk high reward store of value.

slavikthedancer

He needs BTC at @ 150k to buy xbox

No-Eagle-547

I know we all want BTC to pump but this is objectively terrible news. Think about the reasons why this happened in the first place. It wasn't to make BTC more legitimate

No-Eagle-547

If you buy BTC on an exchange, you can move it to self custody. Therefore, it's real BTC you're buying on an exchange as long as you're buying spot

ZealousidealTap9756

Try to search about DCA. You can use it in BTC. I'm also using this strategy and it works for me for my long term investment

FatherSun

BTC Is on sale!??! I’m loading up

TonsilsDeep

Range trading... There's no need to go into detail. Happens all the time for BTC. The "only up" era isn't back yet. Have patience.

OutlawLazerRoboGeek

I mean, there's some chatter about a new plague in the Far East... Although BTC had a pretty good run while the last one was cooking, after a rocky start during the early chaos days. 

CutFabulous1178

I prefer BTC in a Bear Market More Chads

WarthogOpen7003

To be clear. This is a Venmo issue not BTC.

Accomplished-Eye5567

I like using bitcoin collateralized lending for cases like this. You get immediate cash without selling your BTC. If you’re in a position to do it and have some cash reserve to protect your loan from liquidation, I’d consider that. If you need to sell BTC with no KYC on a DEX, I’d recommend an aggregator like leodex to find routes with no KYC and swapping from any wallet (like your ledger or any others). Good luck with the car 🙏

Archer_solace

I'm not sure why you're getting flak this has been happening since the "legitimization" of BTC.

HankScorpio2020

If you are DCAing, you get more BTC per pull now. Congratulations! If you are not, ask yourself why you aren't, and start.

freedomforallergo

1 BTC = 1 BTC Why isn't it going up? /s

Ok_Macaron4447

Can confirm, I’m the CEO of BTC

duboilburner

Looks like some dollar strengthening to me. Check it vs. DXY index. Partly mechanical repricing due to dollar strength but then it gets compounded by traders supercharging the move when they see such a dip starting. Dollar has actually been strengthening while Bitcoin has also been going up since early September, but DXY is breaking out to new highs from the recent trend. Just enough to start maybe forcing a mechanical repricing lower due to relative dollar strength. Whether or not this trend continues for very long is hard to say. I'm not really a currency guy, I just try to find correlations that help explain certain market moves, when the DXY makes bigger moves, it does seem to have a reasonable correlation with stocks and bitcoin having a mechanical repricing. When the dollar weakens significantly, assets need to reprice higher in a hurry. When the dollar strengthens significantly, the opposite. Things reprice lower. Not a 1:1 correlation, but certainly the stronger moves in DXY you can see the opposite happening in stocks and BTC.

ThunderBurrn

Hence we're still early! In the future like in many sci-fi movies, BTC can be solo currency, but that would be ironic as it'll then be among just the HODLers and all these Blackrock types defeating the original purpose of BTC that Satoshi envisioned. I mean don't think we'd be able to go the Gamestop route anytime... But just be happy that we can be among those HODlers, early adopters in the long run... Maybe?

jim9162

Down less than 2%? What even is this post, did you just discover BTC yesterday?

lobhater

You can turn BTC to fiat in a second. But unless you already have a coinbase debit card or something it takes a day or two to get the funds into your checking account to be able to spend it

DyehuthyTV

Basically, he is saying that a good part of the performance of Bitcoin depends on derivatives (leverage!) LOL! *This is not the first time this narrative has been heard: "Bitcoin’s performance is caused by the level of leverage (derivatives) that has"* Here, specifically, he is arguing that the increase in these derivatives has caused Bitcoin's CAGR against the US dollar (BTC/USD) to "fall or decline". He doesn’t put the fall of Gold’s CAGR in comparison (vs), curious. Derivatives too? Oh, this is only when Gold doesn’t rise in 10 years :P (e,g; 2011 to 2020). When Gold goes up, Gold derivatives and ETFs disappear, making it the "best asset in the world" :P Here there is no "suppression or manipulation", kkk * When Gold goes up is Macro, when Gold goes down is derivatives, ETFs and "price supression" * When Bitcoin goes up or down, only derivatives, no Macro drivers (*monetary policy, FX market, etc*) here, for Bitcoin :P Just "derivatives" is all the reason, always! kkk I know he understands the macro, but it might be that Bitcoin’s performance is a bit annoying for some people :P

TooTall_ToFall

BTC CEO is handing out discounts

Echo0455

I can sell my BTC in 1 second. It’s the exchange that takes hours, if not days to approve a transaction.

Alfador8

> Luke attributes the CAGR slowdown of BTC/USD to derivatives 😴 typical! "speculative asset, only moved by leverage, bla bla bla!" I don't think this is what Luke believes, based on many interviews I've heard him on. I think he would argue that sophisticated, institutional capital uses derivatives to hedge their positions, which reduces volatility in both directions, which reduces CAGR. 

throwaway12three4

No. Just a Fidelity joint crypto account. I sent my bitcoin to the account in a couple different transactions. They show my BTC holding and I can transfer the coins out at any time.

MrMoo151515

But that won’t work in a free market that’s not under the thumb of inflation. What you’ll have is a vast world of competition. Competition of new ideas and value competing for their place in the market. These entrepreneurs and middle class businesses aren’t looking for ways to cut costs, or find cheaper ingredients, or serve less food, or build cheaper furniture. Technology is deflationary. Competition is deflationary. Under a fixed money supply, prices have to fall. There will always be supply and demand putting pressure on prices , but the free market will always decide what the right price is. Milk guy might want to raise his price because he wants a new fancy toy. But Milk guy number 2 down the block offers milk at the old price. And milk guy number 3 just started a fancy new farm with organic free pasture cows. And every purchase of 10 milks gets you 1 free milk. But wait! Milk guy number 4 has a slightly higher price but it gets delivered right to your door step with a dozen eggs as a bonus. In a truly free market, you have companies competing with eachother which drives better value, for a better price. And people will innovate to constantly make things easier to produce. The same goes for Kia. New competition will enter the scene. New technology makes automotive production easier while simultaneously building better quality cars. And every other industry submits to the same demands of the free market. Provide the BEST value for the BEST price or people will go find it elsewhere. So, Milk guy number 1 actually realizes there’s no need to raise his prices. In fact he probably has the ability to drop his prices. Because what he’s actually experiencing is his purchasing power increase over time. He’s not stuck in the rat race of trying to keep his head above water. His hard work of milking cows and storing that time in BTC is continuously expanding what he can obtain. Abundance if you will. The second you add inflation. Even with the most innovative and well intentioned entrepreneurs, they are forced to continuously look at costs, budgets, labour, raw materials. They need to find ways to make cheaper quality products to stay competitive. Shrinkflation. And everyone suffers because of it.

outoftownMD

You are correct. I have less than 100BTC.

BlazingPalm

Appreciate you, but regarding govt, religion and BTC: https://youtu.be/GHUql3OC\_uU?is=wloHCbCyy2Ba8pgZ

Interesting-Heat-112

Hey, my liquid BTC is perfectly safe protected by that Jade Plus 😂

madladchad3

People who say this is so weird.. Because you cant pay your bills or buy groceries in BTC? Just because you own a lot of gold or stocks or real estate to combat inflation/capitalism doesnt mean that you can pay for shit with assets lol…

Lopsided_Shoulder_41

Se o governo sabe q o BTC é seu, vc é burro, seleção natural acontecendo apenas.

lobhater

I would offer you 11k for .9 BTC and would meet you at a police station with cash in hand this very moment

devCheckingIn

Tom Lee is calling for $500k BTC and $50k ETH this cycle. Tom Lee has never been wrong on this stuff, has he? 🤔

Driftmier54

I think you mean 0.09 BTC. 

dj_destroyer

You wrote .9 -- I'm like whoever's offering you $8k for .9 BTC... well lets just say I would offer you $10k lol

LazyTech8315

If you have a trusted friend, you could sell them the BTC and keep the exchanges out of it.

Ashamed-Bird9035

Depends how much you spend, man. In Bali or something with local lifestyle maybe $1500 a month is comfortable, but if you want western food and good internet for the Airbnb stuff can easily double that. So maybe $2k/month times 12 is $24k year, then you need like $600k if following the 4% rule. But BTC so volatile, hard to predict price in 10 years. I would stack sats and maybe diversify a little later, not all eggs in one basket. The Airbnb part could offset costs too if you pick right location.

Intelligence_kiwi_

Yeah exactly. BTC has had some brutal drawdowns historically, so I wouldn’t be shocked by another big one That’s why I’d rather keep DCAing than try to guess the exact bottom. If it drops hard, I’ll probably add a bit more. BTC also isn’t my only investment, so I’m comfortable just sticking to the plan and letting it play out long term 🫡

ButterflyOk5723

Looking at the BTC history 30k to 40k won't surprise me! I thought one time from 60k down to 15k . So keep on doing it!

Intelligence_kiwi_

Appreciate it 🙏 My average is somewhere in the 70s. I mostly DCA, with the occasional lump sum whenever bad news causes a harder BTC sell-off. I try not to overthink the exact bottom and just stay consistent

OccasionalXerophile

BTC short term target 100k