BTC

DrawMurky6585

The thing I heard was that Wall Street was going to meet in January to do their annual evaluation of every company listed on NASDAQ, and because MSTR has over 50% of its holding in a single asset, they will disqualify MSTR for listing on NASDEC and delist them. This would result in massive sell-off across every entity holding BTC which the banks and treasury will then swoop in and buy BTC up at rock bottom prices. Has anyone else heard this? Can anyone confirm or discredit the thesis with credible sources?

yes_yes_no_repeat

This chart tells halving has effect on bitcoin. BTC accelerates every four years due to fixed supply costs. (Halving means, you earn half bitcoin rewards for the same costs of power than previous cycle)

myRunescapeAccount

Because you're from the UK you should consider buying BTC ETNs in your S&S ISA, this way gains are exempt from capital gains tax. If you're planning to move the BTC to your own hardware/software wallet then ignore this suggestion!

VariatCA

And you want to pick "market-open price vs market-open price" as if the weekend trading doesn't exist, and didn't reflect positive sentiment growing that let BTC get a headstart on the stock market. Surprise, it's the same big names behind Crypto's movements as it is Wall Street, unless you think they slept-in all weekend and "Retail" did $60 Billion in volume on Saturday and Sunday. From Closing Friday -> Opening today, BTC's up 5%, Nasdaq's up 2.5%, and Eth is even up +8%.

808s_and_anxiety

Absolutely see where you’re coming from, and I believe you have a valid point there, the whole crypto ecosystem is being upended by stuff like AI and heavy manipulation by various government entities, so my own observations of past patterns could absolutely be irrelevant now. It’s easy to forget just how sophisticated AI has become in just the last four years. I honestly believed that bitcoin was probably the only cryptocurrency that would ever be a “safe” investment(that term in and of itself is, of course, a myth), until some time this year, when it became more apparent that the tech will likely become capable of solving every remaining block MUCH sooner than anyone ever anticipated. It’s not there yet(if it was there would already be virtually no unmined BTC left), but it’s going to get there before anyone has time to see it happening. Again, just speculating, because honestly no one can really know at this point. I really want to believe that at least the BTC cycles are still unbreakable, which I’ve never honestly believed about any other subsequent crypto projects. I have always suspected that all the others have been susceptible to outside influence, and the biggest outside influence just happens to be bitcoin, which makes it seem like they’re all just as reliable. But as time goes on that way of looking at it seems more and more unrealistic…

RedditThrowaway-1984

Or JPM is short MSTR and hedged long BTC. Sometimes MSTR trades well above its underlying BTC value. When that happens putting on a pairs trade makes sense and is relatively low risk.

J_painter

I bought £10 worth of BTC over five years ago in a ledger I forgot about. Over that time it went as low as £3.50 and highest of £20. Looking at the chart of max time on the app made me believe that DCA is the way to go. saving cash for when it dips and not putting all your eggs in one basket to make sure you don't have to pull out at an inconvinient time is a good move. automate, forget it.

nomansapenguin

The numbers on each circle is the price. When the white line crosses the circle it means that was the price of BTC at that time. Each time the white line does one revolution of the circle it represents four years of time. The chart therefore shows the price of bitcoin since it was $1 to today. Starting at the bottom from $1 it takes four years for the white line to get back to the bottom. In those four years BTC ended up at about $700. In the next four years (next time the white line is at the bottom) BTC was about $9K. 4 years after that BTC was about $60K… etc

M2g3Tramp

Imagine a clock where the hour needle has ruler markings, 0 in the center and 10 on the outside edge. Every 10 minutes, you mark a point right under the needle for how happy you feel right now, on a scale of 0 to 10. After 12 hours, you will have graphed circularly how good you felt along time. This circular graph shows the price of BTC along time. It started at a very low price, so close to center. Then, turning clockwise, the price increased and decreased along time.  The scale along the needle is logarithmic in this case, meaning 1cm is 10x more than the previous location (instead of being a fixed value like usual). One full circle represents 4 years (instead of 12h in my example) which corresponds to the "halving" period. For more info, read up on bitcoin halving. 

dylan6091

That's not how Bitcoin works. If all the electricity everywhere in the world goes out all at once, then we can talk. But at that point, you'll have a lot bigger problems than BTC briefly going offline.

Grooveman07

Decentralised currency lol what a load of horseshit especially when referring to BTC. It’s pretty much under institutional control at this point.

MikeysOnTheMoon

ZEC still flipping BTC or we’re done with that shit finally 😂😂

VariatCA

BTC is up 5% since the price it was at Friday's closing bell. That isn't half the index's percentage-gain today, that's double.

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TheLaw-RBNT

I hate this argument. The most likely person/group to create a quantum computer strong enough to crack BTC will be a good actor. In that case most systems across the world will have time to upgrade except for BTC.

justcurious3287

I always say that if people aren't sure, they should just do BTC. Much easier.

justcurious3287

Great credit score, good job, and now you're going to ruin your life by taking out a loan to buy BTC? Don't do it. You don't need to take out a loan to buy BTC. I now own 0.07 BTC because I DCA'd in small amounts over time. I would never take out a loan to invest. Completely unnecessary.

obolli

First short was 7k+ bitcoin, he was like a quarter of the market, second was 2200 iirc you can follow the link and see it live, the loss was tiny like 50 BTC or so. and 1.2$ Loss compared to his 100 Million profit from before.

uduni

Vast majority of BTC holders self identify as either “very liberal” or “very conservative”. Centrists are only now starting to get it (because number go up) The radicals are the real ones Look up the research of Troy Cross

jstef215

Why do we assume BTC follows the trend of not touching itself? Just because it’s November?

es330td

I would love to see the day that BTC is a medium of exchange as common as the dollar. The day that happens it will cease to be a speculative asset and will be an inflation free store of value.

Empty-Entertnair-42

I'm an idiot and I will never buy BTC for more than 1$

Obvious_Interview298

FWIW I actually did something similar last week but with Horizon, not Sovana. I unlocked 165k from my home here in California and bought almost 2 BTC last week. I’ve lived here 11 years and sitting on a boatload of equity. Their structure is pretty different from what’s being debated here. My bitcoin stays completely mine and isn’t tied up as collateral, and I stay the owner of the house. They only take a share in the home's value and future appreciation. There’s no scenario where I’m forced to sell bitcoin or deal with margin calls. That was the main thing I cared about. I may make a post in a couple of months to let people in on the math and how it's going so far. Haven't seen a single post about it on Reddit yet.

GrinbeardTheCunning

I think you all get me backwards... i believe value is the result of perception, and "modern" life, as in "any kind of life that requires trade", needs a currency. so, whatever currency people agree on has value because it is perceived as valuable. any government issued currently has value because it has a government behind it enforcing it's value (duh) BTC has no government (though governance), but it's value is perceived as result of the math: infinity-over-time / 21 million, and every inflationary currency is "infinite" over time historically, every currency fails eventually, turns entirely worthless and needs to be replaced. in theory, Bitcoin will always outlast this, because it can serve as a currency in exchange for any government issued currency. so especially during that collapse, the numbers would eventually be in favor of Bitcoin (I do realise it's more complex than that on reality, but in a 10-20 year timeframe I'd expect a noisy upward movement) as was pointed out correctly, Bitcoin needs an inflationary currency to have value, since a deflationary one would grind any economy to a halt, but when the inflationary currencies fail, Bitcoin grows in value difference to gold here is that bitcoin can be used as currency, it's just not suited to be the primary one

Grand-Pea2408

Ignorant comment for clicks so I will respond! You are new to BTC or are a fool!Go ahead and sell yours and those of us with brains will buy it!!

Citizen_Kano

I was with my parents a few months ago when we were hitting ATHs, and there was something on the news about it. My dad casually asks if I had any BTC, I said yes but I won't tell him how much I have or they'll think I'm crazy

Brief-Door-610

Yeah and he neglects to mention that they refuse to allow the only one who can save the Netherlands to lead the country, Geert Wilders because the establishment politicians of the Netherlands and the EU as a whole are dead set to destroy European culture through importation of the third world, people whose beliefs are antithetical to the belief this person keeps boasting about that they have and American and our leader lacks... Women will have forced marriages soon and already they need a male escort to walk the streets... The crime statistics prove this out... Better keep stacking the BTC because the Euro nor the Dollar will be worth 💩 someday really soon... Keep complaining about America, call us what you wish, down vote us but you know our country recognizes at least some of the problems, certainly not all....

etherialist2015

In the longterm right but additionally it is adoption that is increasing, right? The graph would be completely correct if adoption is 100 %. As long as adoption is below that level BTC is also an investment because we are outperforming the inflation. Are my thoughts right there?

Antique-Worth323

Correct… someone knows what they’re talking about. I’ve used the Bitcoin blockchain and it’s awful, no question. BTC is 7TPS.. and the gas is expensive. But look at tether or Solana. SOL is 65000 transactions per second and cost pennies to send. Crypto is the future.. BTC is like the gold of crypto, is a store of value. I only used the BTC Blockchain to see for myself and it took so long I actually got nervous and checked the Hash like 20 times.

Abject-Stretch-1187

Remember losers love company. Investing in BTC really isn't about intelligence but about balls and patience. Those two traits are lacking in most people unfortunately.

DaNewChamp

Did you also have BTC stored on there? I'm in the situation now. Still waiting for my BTC

Culturedmirror

Or he found the fools to take this off his hands. Otherwise why sell, why not live off his BTC and use it for his expenses? Seems like the goal of every BTC HODLER is convert to the very fiat they claim to despise

ScooterMcWTF

Why do I care if BTC moves 0.5%? DCA in, recurring payment, You guys check charts? :D

CorOsb33

People do actually. Reading charts. Stock traders do it literally every day. Understanding volume, market sentiment, market saturation goes a tremendously long way. Stop letting people tell you BTC can’t be read.

Culturedmirror

Since BTC is down for the in year vs US dollar, does that mean the dollar has strengthened?  Gold on the other hand is up 55%, so what does that mean?

Comprehensive_Tip310

If you're "trading BTC". You've missed the plot. There is no harder, safer money than BTC. You should be measuring your entire net worth in total value in BTC. Nothing else matters. Want to trade alte, go for it, but only to further expand your total net worth measured in BTC

Antique-Worth323

BTC isn’t a stock. You can look at the chart since it’s inception and you’ll see a clear picture of its 4 year cycle

Public-Bat-8022

Yes it’s a dead cat bounce. It’ll get between 103-110, alts will run 50%+ then BTC will drop to 70s. No one knows how long it’ll accumulate before grinding back up again but initial projections suggest around April next year it could end its accumulation phase. No one has any conviction in that projection yet though bc there’s not enough data. We’ll know more by years end.

Ir0nman123

BTC is negative for the year…

PoisonGlen

Never invested or traded BTC. Instead, I got paid for my freelancing activities with BTC in 2018, around $600 worth. I held it for a couple of years and then cashed out for $2,400 during the next bullrun.

joycejmoore7

Take some collateralised loan with your BTC. Just get some alow loan-to-value ration, like 40%-50%

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Arijan101

The length and mental gymnastics some people will go through instead of seeing the simple truth is astonishing. BTC and the entire crypto market is a giant ponzi scheme, price goes down because whales are cashing in and dumping on reGarded retail investors who where duped to buy in on an empty narrative and are now exit liquidity. It's literally as simple as that.

Ok_Golf_6467

If only I had alt coins profits to stockpile BTC with 🥲

DZ-Titan

It’s not even clear we’re in a bear market. Just because it dropped 30% so quickly doesn’t mean it can’t bounce back just as quickly. The fundamentals look good, institutional adoption is only intensifying, excess leverage has been flushed out for the most part. It’s entirely plausible BTC could bounce back to over 100k and even hit 110 levels by year end.

AshliepShuqirvut

I don't get that chart, BTC did way more than that, in 2017 it was +1500% at least.

Seattleman1955

The price of BTC will probably be higher in January. The more responsible approach (since you screwed up) would be to sell now and end the problem.

Normal-Pen7922

But it must be said that BTC is increasingly influenced by politics these days

Kitchen_Image_1031

Cash is trash. 🚮  No matter what, BTC will continue to grow in asset value. We were here debating the same shit in 2017 and 2021, BTC seems to follow a liquidity cycle 🔄 and as it appears, diamond hands and whales are accumulating extremely heavy, and BTC will become so institutionalized, that it will continue to keep the rest of the world in a poor position to invest early.  Talk to 100 potential retail investors, half of them don’t know how to buy BTC. 

TraderFanFXE

Bitcoin ETFs hold BTC. They are not "paper demand", they are real demand that had a positive impact on BTC price since inception. When investors sell those ETFs, they also have an impact on BTC.

Oompa_Lipa

I sold half at $113k in the summer and waited patiently to buy back in last week and come out with an extra .1BTC. 

boristheblade223

Listen, and listen closely. There is nothing wrong with touching yourself. BTC can touch itself daily if it needs to.

NashDaypring1987

Thank you. Given this fact, then I should back up the truck at $71K. I'm trying to look at BTC from a cost angle.

PlatypusSad5827

With my current mining setup and cost to mine a whole BTC would cost me about $71k per coin. There is a lot of math to get to this point and I had to make several assumptions but I wanted to answer your actual question.

Healthy_Macaron2146

Enjoy watching BTC tank to under 25k where the whales bought it

East-Cricket6421

This guy was anti-BTC from the jump. "Isn't as strong as before" when exactly? Before it was trading at sub 100 bucks and he was telling everyone to steer clear of it?

ArtistAura7

OP- Did you purchase your BTC on Robinhood? My understanding is that you can’t transfer it off their platform. Cold storage of Bitcoin is way more important than a lot of people realize.

Morbo_69

I've felt the same way with all the glee from the BTC community talking crash to $20k so I can staxk more cheap. I get the sentiment of wishing for more at $20k but its like they don't consider the long term effects of adoption rate etc. Lots of this run has been about ETFs and pension funds and governments holding it. 80% swings aren't going to be good for that. IMHO this current 30% or whatever pullback isn't a good for an asset we're trying to frame as a store of value. Who wants to invest in a store of value that's going to crash from 125k to 80k in a month?

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timbulance

Give me one BTC or I’m pulling the pin on this grenade

Healthy_Macaron2146

People like you are why we are glad billionaires are scamming you on BTC. Good luck with your future bankruptcy.

QuiteFrankly13

The reason BTC detractors say that is because, like gold and unlike a stock in a company, BTC is not a productive asset. It doesn't produce any goods or services that generate revenue, it does not pay a dividend or income, it does not benefit from compounding interest over time. If it goes "bankrupt" it has no underlying assets that can be sold to recoup at least a fraction of investor losses. The value is purely derived by what people in the market are willing to buy or sell it for at a given moment. If you want to preserve your money, particularly relative to inflation, there are better ways to go about doing so or at the very least, less volatile ways to do so. Bitcoin is volatile, meaning the price tends to swing drastically, it trades more akin to a tech stock than it does a currency or commodity, and is highly sensitive to money supply or M2. If my money can be worth 2-20% less or more in any given day, it's not a very good store of value. Generally speaking, wealth preservation is done through either A. Beating the rate of inflation, which the stock market has done admirably or B. minimizing drawdown nd volatility which is traditionally done through fixed-income assets such as dividend paying stocks or more frequently, government treasuries and bonds. Take I bonds for example: inflation-indexed government bonds where you get a coupon return based on a base fixed rate plus an inflation rate which is set every six months based on CPI data. You're minimally guaranteed to just about match the rate of inflation (before tax), thus preserving your wealth, and that return is guaranteed by the full faith and credit of the US Department of the Treasury. Your question as to why you would want fiat currency at all is simple: it's a widely accepted medium of exchange that is not very volatile. Bitcoin is not widely accepted medium of exchange and it is highly volatile relative to other currencies. Try to pay your rent or mortgage with Bitcoin or conduct everyday business with it. It's effectively impossible. Saving a currency that is "designed" to lose value makes sense because it is liquid, it is able to be spent at a moments notice as needs arise. That's why most personal finance advice recommends a 6-12 month emergency fund held in liquid form such as a money market or high yield savings account. The point is not wealth preservation or growth, the point is liquidity. Spending a currency that is designed to lose value makes a lot more sense. Mild amounts of debasement or inflation are good for a currency because it encourages spending. Why would I spend my currency if I know it will be worth more to me in the future due to deflation than the goods or services I could buy with it now? For an asset that purports in its initial white paper to be a digital currency, the capped 21 million supply actually works against it. There is a contradiction or at the very least two extremely different schools of thought as to what BTC is among its adopters and enthusiasts. One side is the currency side, the other is the investment side. The former, including Nakamoto, envision BTC as a medium of exchange, an alternative form of currency to be used in daily purchases. The second is as an investment vehicle or growth asset. It cannot be both.

MaxxGawd

terrible idea. If you analyze this pattern in BTC you will find there are many instances where even this kind of deep pull back is NOT the local low. So the chance of us going to \~70k from here without even touching $90k is not an unlikely option. What you SHOULD do is buy SOME now, but save MOST of your capital incase it does go to 70k and then buy MORE. Sell the bounce. That's a VERY high probability set up. But going ALL IN and INTO DEBT now is terrible and is not really high probability. It's literally gambling.

es330td

I didn't say "useful" I said "need." Cryptocurrency makes existing processes easier. There is nothing it makes possible that isn't already possible. In the case you describe, you could contact someone you know to send funds who is there who could then withdraw cash and deliver it to them. Or you could send money by Western Union or some other path. The point is that there is no use case for which BTC is the only answer. I get the cross border case. I bought some digital art for my wife from someone in Switzerland and paid for it in BTC. It certainly was convenient and reduced the friction of buying Swiss Francs and going through multiple currency conversions. It could have been done; however. BTC made it easier, not possible.

AvailableMirror5982

The Rothschilds really don’t fuck with BTC it affects their global margins too much.

Wuncemoor

You really don't have a coherent thought, do you? Btc is simultaneously bad because of slow finality, but middleman who speed up the process are also bad? Sounds like you just don't like BTC and you're trying to come up with ideas to justify that belief.

CapitalIncome845

The Wealthy have been using investment loans to enhance returns for decades, probably longer. Can you afford the payment no matter what BTC/USD does? Can you avoid the urge to buy high sell low? Go for it. I did (wish I'd waited until now, but nobody has perfect timing)

es330td

YOU certainly need ore and oil if you think BTC is going to preserve your money because the global blockchain is necessary to access your holdings. It is epically hypocritical of you to answer me saying that no one needs those things when you yourself absolutely depend on them. If you are going to participate in a discussion you should at least participate in good faith.

TechnologyMinute2714

**If quantum computers existed today:** Even transferring from an old wallet to a new one would be risky. When you broadcast that transaction, your public key becomes visible. A quantum computer could crack it instantly, then send a faster transaction with a higher gas fee to steal your money while your original transfer is still sitting in the memory pool. **Currently, because quantum isn't cracking yet:** You can make that transfer safely. Since the encryption can't be broken yet, you can broadcast your key while moving to a safe wallet. By the time it matters, your old wallet is empty, so future cracking is irrelevant. **The real problem:** The issue is with old or lost wallets, like the Satoshi-era ones that hold huge amounts of coins. Since no one controls them but their public keys were revealed in past transactions onchain they are sitting ducks. Even if your own tokens were safe, someone could crack and steal Satoshi's stash and dump millions of BTC, basically nuking the price to $0.

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Proof-Law-6761

BTC is our crystals

xaviemb

Good point. Guess, I'll have to start incorporating some of those addresses into my model... I guess exchange stuff isn't as important to me (mostly because they don't publish openly what's happening... like Bitcoins blockchain does). I'm more interested in macro (long term) dynamics... for that reason. Where is BTC headed because of activity correlations. There are certainly A LOT of signals in the activity based on realized price change (profit/loss) on movements and age bands

Healthy_Macaron2146

I dont think the market will tank to 0 but BTC was never meant to reach 100k this is a bubble made to rip people off.

TechnologyMinute2714

You're right as this is a massive hurt to the "store of value" proposition of BTC, Most people consider BTC as like a digital gold but you can store your gold for millennias and it doesn't lose any value or get lost (unless physically lost obv). Just the fact that even if every active BTC investors or holder migrates and loses nothing, there are still lots of permanently already lost wallets and coins, since they are already lost and have no ways to recover, technically them being frozen or burned isn't any value loss but that's the canary in the coal mine, where does it end? if we get another way of computing in another 5-10 years that cracks again are we just going to keep burning/freezing old wallets and coins, then the whole long term store of value proposition of BTC breaks. But then again most people in this field that actively use their own wallets especially hot ones or ledgers or whatevers can migrate in 10 minutes in multi year deadlines and like you said if its a big investor or institutional investor etc, they're most likely using a custodian like Coinbase or something, i don't feel the mechanical side is an issue or a stress for the system but it's a more philosophical hurt for BTC's value proposition and the decade old "Code is Law" is no longer true.

Phylaras

People who think that BTC has value without alts have not analyzed the economy at work in the alt-market. By wrapping BTC into higher layer uses, BTC has achieved additional use cases that were previously not possible (for lending, asset backed collateral, RWAs, etc.). There isn't a simple "BTC good, Alts Bad" divide. It will be better for BTC, by far, if Alts succeed.

xaviemb

In the last hour five blocks were created and a total of 49,709.39 BTC moved. Of that a combined 8.94 coins total were older than November 24th 2021 (4yr) which took a combined realized profit of $565,230

Aggressive_Spell2314

I use Altcoins for trading. BTC is for hodling.

Skepsis93

Really? That's your argument for why BTC can never be a major asset? Also this problem is already solved. 0.00000001 BTC is called 1 Satoshi.

NashDaypring1987

Met a guy who donated some BTC to a charity years ago... He regrets it to this day :)

Expensive_Special120

How exactly is it going to be a major asset? “This item costs 0.00000000001 BTC” Rolls right off the tongue lmao.

northcasewhite

Pomp is a Moron who just says the same old stuff when asked questions. On CNBC they ask him specific questions and he goes off on his rehearsed BTC is limited in supply answer. Taleb doesn't like him: [https://x.com/nntaleb/status/1970533839798980799](https://x.com/nntaleb/status/1970533839798980799)

AxolotlRejunevator

if BTC now crashes historically +%90 now, OP would be left with a really nasty portfolio of $3~

w1ngky

That fiat money can just be printed and thats what causes inflation. Thats why your parents were able to buy a house with basically pennies ; every couple of months the fiat currency loses more value and thats why the stock market is at all time highs because it is still being measured in a fiat currency that has devalued - meaning you need more of it to make up for the lose of value but everyone just sees a bigger number so they think its good BTC was created to solve this issue being limited in supply and decentralized(not controlled by a central bank who can just print more money). The US government wants the USD to lose purchasing power so that their debt will be worth less, this is why they dont care to print more. I still feel like I havent explained these points well so I would still suggest to do your own research

jokerswild97

Right now, nearly everyone (including myself) treats it like an asset. Pay government currency, receive asset, wait for asset to increase (hopefully) in value, sell asset for government currency to live off. Some countries already adopt BTC as an accepted currency... The US is increasing daily on the number of places that accept BTC (Square accepting BTC is HUGE deal for daily adoption). One day, I really do believe we will think in terms of sats - not fiat. You're asking about BTC being "expensive" or "cheap", which is comparing BTC to a constantly devaluing currency that will eventually go to worthless if we maintain course. You're also only looking at a snapshot in time of the price. If I had to spend $100,000 in energy to get 1BTC... right now (at about $86k value), that doesn't look like a good investment. But if you do believe in BTC and are playing the long game - then you're just early, not wrong - and that $100,000 investment will grow in the coming years (likely exponentially). It's taken a long time for me to dig in and read - far longer than it should have. I won't pretend I understand everything about BTC - far from it... but I've gotten far enough along to understand the problem we're facing, and how BTC solves it. I also have yet to see a single person who actually understands BTC who doesn't believe in it - let alone provides a valid argument against it; people I consider far smarter than me. Keep reading and learning, and I believe you'll come to the same conclusion as well.

Enfant01

“Don’t forget that the price we’re talking about is fiat (the dollar). If the dollar’s M2 increases, the price will also increase. In the long run, 1 BTC = 1 BTC.

Future_Ad863

Your math seems to be off. Each BTC is 100 million sats so 100 x 21,000,000 would allow 2billion people to be sat millionaires (excluding current distribution and lost coins…etc like your description states)

NashDaypring1987

I've bee in the game since 2017.... It helps when BTC is not your only holding.

imadumbshit69

One thing: I don't believe in Strategy. It's just a company that's likely overleveraged with BTC.

ubermensch1001

I think there's a possibility of him being some sort of Wall Street plant to get into the crypto space OR he is creating the BTC reserve for the U.S government using Microstrategy.

GalaxyS25Plus

That guy is so dump 😂. If BTC goes down only 15% he will be negative with his trades.

TechnologyMinute2714

Potentially give a long deadline date like "you have 2 years to move your funds to a quantum-safe addresses" and then fork the chain at the deadline and BTC nodes stop accepting transactions from old *P2PK* addresses after that, basically making those coins frozen or burned.

cosmic_censor

The best approach is to fork the chain and have a deadline for people to migrate their wallets before you blacklist them. Otherwise, dormant wallets and lost BTC will be up for the grabs by anyone with a QC.

ubermensch1001

Bro, the whole point is that there was a data leak which revealed customers names and addresses, possibly even what they had bought/how much they had even. Could have been John Smith from London on 1st bought 2 BTC back in 2019 and this data was revealed along with his address.

NashDaypring1987

But what if it's an asset like everything else? What if BTC is not magical and a foregone conclusion? I am willing to entertain the ideal outcome. I'm also prudent enough to prepare myself for the "less than ideal outcome." If BTC becomes the world changing asset, I will do VERY WELL. If not, I should be OK too. To be honest, I hope you right and I am wrong.

thioscalrib

BTC made sense once I put money in and watched the swings hit. Checked paybis and their crypto guides too, helped me to get basics while I was grinding the market moves.

jwinterm

Hi Monad people, It seems like there is a but of new L1 malaise currently, with more recent entrants like TIA and SUI and berachain...not doing great. Do you think new technology and consensus methods are enough to drive adoption on yet another L1 and pull folks away from BTC, ETH, or even soylana (which maybe even ETH and SOL suffering the malaise)? What is the goal of the team launching this would you say? To overtake ethereum in users and market cap and usage? Or overtake Bitcoin? Or more like overtake Cardano or SOL?

Archophob

>nobody needs bitcoin. Assume, there is some evil government somewhere at the end of the world - let's say, in Canada. Also assume, there are ordinary people protestesting this government - let's say, truck drivers. Also assume i'm nowhere close to that country - maybe i'm in Europe. I read in the news that the donation account to support the protests has been frozen by the very government the protests are directed at. The truckers are getting de-banked. I might want to support them, but i have no chance to get a donation there through the traditional banking system. That's when bitcoin is incredibly useful. The protesters can set up a donation address, and no government or bank can stop me from transfering BTC to that address. Sometimes, bitcoin is *exactly* what you need.

NashDaypring1987

I understand your zeal for buying BTC but even you must admit the price of BTC in dollar terms is very volatile. Don't you want to try to buy in the most efficient way possible? You can still buy every month/day/minute take your pick... but wouldn't it make sense to buy more in some periods and less in others...

lidge7012

my mom told me she heard that BTC will crash further lol