BTC

geniusdeath

That's a fair point but there's a little flaw in that. Okay imagine theres 2 people who are both wanting to buy bitcoin, and there's only 1 bitcoin left. If both parties have 20 units of wealth each which they want to trade for bitcoin, then they'll each bid all of that meaning 1 BTC will be worth 40 units. So the market price of Bitcoin gets pushed up in this way. So yes, it may not reach 100 units that quick but less bitcoin available means market price goes up. If there was 20 BTC existing, then some of those holders would have traded it away reducing the price. This is a very dumbed down explanation but holds some of the key market mechanics.

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Post is by: Suspicious_Act4982 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1pe0md1/market_today/ BTC around 93k, ETH showing real strength, and everything else is just kind of... doing its own thing. Not pumping, not dying, just floating. Feels like one of those calm-before-something(storm maybe) days, and I can’t tell if we’re about to break out or get slapped back down. I’m not trying to outsmart the noise. Just buying a bit, holding what I already trust, and letting my assets earn on the side instead. I keep some of my long-term bags on Nexo, so I just slowly and steadily earn while the market decides its mood But seriously, what vibe are you all getting from today? Is this the setup for a move or just another sideways fakeout? Anyone rotating. Anyone buying the dip that isn’t really a dip lol *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.*

DryMyBottom

I'd do 105% BTC, just to be safer

Minimum-Exchange7250

I dont think just longing everyday consistently for almost 24 hours with someone else’s money and get profit off it to buy more BTC is daytrading. It is a kind of HODL (exact meaning actually) im not a daytrader im the HODL

Aggravating_King1473

Jokes aside...80% globally diversified equity ETF, 20% BTC I used to be 5% BTC about 6 years ago and have increased my position, and BTC gains have helped.

MiniTotoTheCat

Not enough BTC

Leading_Confection32

Buy more BTC

Get_Duffed

I don‘t know, but my mom was never impressed by BTC when I asked her if I could stay out a bit longer.

Sudden_Return_1376

Seriously. I was part of the OG GameStop crew who was there when they shut off the buy button. I’ve lived through 3 once in a lifetime market corrections. I have since pivoted to cryptocurrency as a revolution against the system. I’m tired of elites rigging everything and moving back the finish for us bottom 99%. It’s why I chose to invest in two cryptos: BTC and $401jk. Btc will be the future of finance and $401jk started out as a meme against the 401k system but has turned into a full blown revolution. The community reminds me of all the OG apes from WSBs. I’m not talking anyone out of btc, by any means. I’m talking about also using another medium to take a stand against the top 1% and have a chance at retiring early https://401jk.link

BlueM92

My point was we don't sell BTC, it was a joke

TheDirtyOnion

Long term maybe, but MSTR has created a bunch of near term liabilities that need to be paid in USD.  So if BTC drops a bunch over the next 1-2 years they might be forced to sell at a loss to finance requires payments on their debt and preferred equity.

Ok_Seat5245

It's broken right now. You may not see it because you need to see historical trends, but it is. If BTC is up a year from now, when would you say the cycle broke? 2024, 2025, or 2026? I say it broke in '24 when Wall Street came on board.

DrAhzek

Speaking of gold - do note that even all mighty gold had a situation of crab walking for 25 freaking years xD If you invested all-in at the height of the craze in the 1979/80, you would break even 28 years later in 2008…and it’s nominal, not accounting for inflation or lost opportunities. To have it adjusted for inflation alone you would break even…in 2024. 44 freaking years of no real gains xD Gold in early 2000s was so boring everyone tried to get rid of it, with some radical claims of even dropping gold as an asset. That’s why I’m smiling seeing how people go all-in on BTC or anything really as you make a bet here that there won’t be a similar stagnation where you’d have to DCA for a decade to average it to zero…or go to crio-sleep for half a century xD

Zealousideal_Dog_268

I agree, it would just add to the scarcity of BTC over time. However, one crazy thought I had while reading this - wouldn’t over 300 yrs we develop better and better computing (quantum computing) and it would eventually become financially viable to start trying to brute force old wallets with less encryption? Say an old wallet with 100BTC and only 12 words?

doubletwist

I suspect it's probably already too late for any fork to succeed in any significant way. The inertia and name recognition of Bitcoin/BTC is too high, and the large financial and mining institutions have a vested interest in keeping the status quo. They have nearly infinite resources to ensure that the average Jane/Joe keep using the Bitcoin that they now control the vast majority of. The more that average people buy into the BTC products (ie ETFs and the like) controlled by these institutions, the less likely it is for any fork to succeed. Or do you really think that the majority of miners are going to switch to a new fork that doesn't have the backing of the people who are controlling the version that the entire populace is using?

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macetheface

> Taken off exchanges doesn’t change circulating supply Suppose I meant if an individual takes their coins off the exchange and puts them into a cold wallet for years - no longer in the trading pool. Per chatgpt: *About 2.3–4 million BTC are estimated to be permanently lost due to lost keys and inaccessible wallets. Meanwhile, an additional 2–6 million BTC are held long-term or otherwise illiquid, leaving roughly 14–18 million BTC effectively available for trading.* > technically inflating the bitcoin supply Sure technically - but not by that much it'll make much difference anymore imo and much less after each halvening. What is is now 3 BTC mined per block? And any given trade now can exchange many multiples of 1 BTC each second.

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sparcusa50

This is not the biggest scam he pulled. OP look into BlockOne. Pierce was a co-founder, along with Dan Larimer , Brenda Bloomer and a whole cast of well known crypto investors. BlockOne created the EOS blockchain and raised $4B in the largest ICO of all time. It went downhill from there. Shortly after promising to invest $1B in EOS development, BlockOne stopped investing in the project and essentially walked away with the money. They did however purchase 144,000 BTC with it. The SEC got involved, fined them $24m and LET THEM KEEP the money. This eventually lead to B1 changing its name to Bullish and going IPO to launder the stolen EOS treasury. There is much, much more to this story. They essentially walked off with the EOS treasury and turned iit into a $7B public company. This is likely the most successful financial crime ever committed and no one was held accountable. OP please look into this. I'm leaving out tons of stuff. It would make a great book

macetheface

>explain why big firms and institutions buying sizeable portions of btc is considered a good thing now I think the idea is if they're recommending to investors to allocate x% of their portfolio in BTC; and millionaires/ billionaires (the same ones that previously scoffed at BTC) want to buy it - if they all try to buy a lot of it, it could drive price up substantially. There's a fixed amount of it - like scalping tickets to the Super Bowl. Once they run out, sellers can essentially name their price. The potential downside is less volatility both to downside an upside - meaning no more wild X multiple moves up. Just continued 'lame' ~20% straight gains like other funds on the S&P. No more retail euphoria. That's just my take, who knows what will happen tho.

plabs33

Yes but no predictable cycle where everyone knows when the top will be, for how long its going to be bear and then bull. It's all about supply and demand. Again, you might be right and its possible that BTC keeps going with the 4 year cycles, but I don't think it will. The good thing is that we'll know that for a fact in the next 6-12 months 😊

orientalsniper

Very naive of him to think their goal is to hold. They buy BTC to make money, not to be bagholders.

Blockchainauditor

I don't get it. These memes praise ignoring a social life, eating as little as possible, and giving up everything to acquire intergenerational wealth, so our grandchildren can eagerly wait for us to die to get their BTC inheritence so they could enjoy all the things we've given up? Why didn't you die rich, Grandma?

Visual_Building_1666

Forget grandchildren...my daughter ALREADY asked me WHY I didn't buy 20 BTC a few years ago. She's very smart. I had to admit that in fact I SHOULD HAVE. We live life going forward and ideally learn lessons as we go...that we will hopefully remember so we don't make the same mistakes in the future.

HodlMyBagz

Long time crypto guy here. Got into it in 2012. Exited in 2017 when defi started as the core principles of btc vanished like a fart in the wind when shit/meme coins began. Never understood how a currency became a stock like security especially when it’s got no fundamental analysis components…. FF 9 years and here we are. BTC is now paying dividends and ious in the form of ETFs. BTC was a great idea. I miss its ideals

Future_Elephant_9294

Your logic is a little flawed. You state that BTC only keeps pace with inflation, but also that 90% of the supply is lost. One would expect for that to mean a minimum of 10x relative price increase due to the lower supply not meeting the demand. But if it only kept pace with inflation, then you would expect no relative price increase. If price only kept up with inflation while supply decreased 90%, the asset lost 90% of it's  relative value too. Keeping pace with inflation is just a frame of reference for USD. Relative to USD, Bitcoin would go up in value due to this property. You also mentioned decreasing supply of BTC by 90%. Because the total supply is decreased for BTC this would also cause an increase in the price relative to USD, a 1000% increase. The price would go up by inflation% and by 1000% at the same time, one for your assumed constant value of BTC, and the other for the actual loss of accessible BTC. The third assumption you made was that BTC transaction volume and therefore miners fees are proportional to total supply. That's just not true, as sending a transaction is charged on transaction size, a transaction from one person to another and the remainder to a change address will cost the same if you send 1 sat or 1 BTC. Mining fees are also charged in BTC, so if BTC becomes more scarce and gains value, people will send less trasnactions because they cost more, but those transactions that are still sent will also be worth more. It all cancels out in the end (a 10x increase in value would expect a 10x decrease in the number of transactions, so the BTC given to miners will reduce by 10x, but that BTC is 10x more valuable than today).

LovelyDayHere

They have payment processing networks galore, they don't need another one and won't invest in upgrading BTC to be one.

TP_Crisis_2020

Yup, eventually they are going to sink BTC. Not right now, though, there's still a lot of life left in it for them.

ScaredBaby1658

Full BTC and I would buy a house with land and a water source to grow my vegetables and raise my animals. The tiller will be Lamborghini brand, for the bling bling side.

geniusdeath

It's just supply and demand and market mechanics. It is true that we can never accurately guess how much is lost. But let's say an x amount is lost, whatever is lost will lead to less bitcoin on the market for people to buy, which will push price of bitcoin up. x being lost leads to less bitcoin being traded and exchanged, meaning less miner fees, but as you can see it is also pushing the price up. what x is doesn't matter, it all balances to an extent. If your find your wallet later, of course btc will not lose its value, but it can reduce the value of btc in extreme cases. For example Satoshi's wallet has what, a million. btc? 5% of all supply? What will happen if that is unlocked and is being sold, of course the price will reduce as supply starts to grow, assuming demand line stays consistent. For most ordinary people if I find an old wallet with even 10 BTC, almost a million dollars in today's money and try to sell it, it won't even move the market.

Apprehensive_Page_48

Doe this make BTC the bankers coin or Wall Sts coin now?

420CowboyTrashGoblin

This is a much more complicated argument, but OP's idea also acts as though the rate of lost coins, cold wallets, and lets basically call it Bitcoin decay is something that would have to remain constant. The same way we don't see currencies that fall out of favor as often, for example the currency of a fallen country, is why we see such a large decay rate of BTC towards the beginning and will see the rate shrink astronomically as the popularity increases.

GaRGa77

Stick to BTC

Choperello

I thought the idea was to simply not care what the banks or govt do. You can’t actively prevent them from being involved if they want to get involved. There’s nothing that says “for BTC to succeed banks must actively be ignoring BTC”

pablogre

Suppose you have a pizza, you cut into ten slices and share them among your group of friends, one for each. Then 5 of them lose/throw their slice, so each one of you who keep their slice will have the DOUBLE in terms of buying power with their pizza slide. After that, if you agree that each slide now can be cut in half because now there are only 5 slides, each of you who kept their slide still have the same buying power than before, BECAUSE YOUR PROPORTION OF THE EXISTING PIZZA DID NOT CHANGE. Is the same as a stock split. Now suppose you come back to fiat world, as long as governments prints more money, your proportion of the existing fiat is lowering day by day, you still have the same amount of money, but the existing supply is getting bigger. Remember 1 BTC is valued about 95K USD because the total supply of BTC is valued about 1.9T USD, not the other way around. So if you have 1 BTC you will always be able to buy ~ Buying power = 1 / total circulating supply of BTC can buy. When BTC is lost the denominator decreases, the your buying power increases, and if some day a satoshi can be divided, it won’t affect that equality. Now do the same with fiat money, and you will get why infinite division is not the same as infinite printing.

Amimir1992

I just need to accumulate 2.5 or 3 BTC and I will be happy. I don't trust BlackRock and worse I will never trust MicroStrategy.

ar5onL

The goal was always CBDC, even before the CIA created BTC. Doesn’t mean one can’t use BTC for one’s own purposes.

LovelyDayHere

Bitcoin (BTC) has been limited to about 7 tps and Lightning Network isn't able to scale in number of users, therefore BTC has no realistic scaling solution right now. That means "the people" can't effectively use it. If they try, the transaction fees would go through the roof (again!). Use Bitcoin Cash. It is the peer to peer electronic cash that Bitcoin was supposed to be.

LovelyDayHere

Bitcoin (BTC) dipped, Bitcoin Cash (BCH) strengthened significantly against it (during this recent market dip).

LovelyDayHere

Do you think they will try to shoehorn in some CBDC's with BTC acting as backing asset?

LovelyDayHere

ETFs are just IOU's for bitcoins - of course they can play fractional reserve games on those again. It doesn't really matter, BTC has been crippled anyway and is now a plaything of the financial elites.

Kayjagx

300 years from now BTC looks like from stone age, maybe humans aren't even around anymore?

Alternative_Square

There is no party without BTC, we need him to work too

Cannister7

But are you sure that they can't do that with the ETFs or similar? Not just that tradfi is getting in, but that they're potentially getting in without directly holding BTC on the balance sheet. I don't fully understand all the permutations, so please don't come at me, but that seemed to be what OP was saying

minigodd

Not about the amount. But if you have 6 BTC, you know where to put them, and you don't leave them on Strike.

Carm_Lucci

For those saying the 4 year cycle will repeat, you must also concede that diminishing returns will continue. Therefore looking at ~30% gain at next cycle top from $126k if you think that was this cycle’s top. Why invest in BTC at that point?

Cannister7

But are you sure that they can't do that with the ETFs or similar? Not just that tradfi is getting in, but that they're potentially getting in without directly holding BTC on the balance sheet. I don't fully understand all the permutations, so please don't come at me, but that seemed to be what OP was saying

plabs33

Yes maybe you’re right. I just don’t believe that it’s some kind of a prophetic thing where it’s just going down because it did before. I haven’t read a legit reason explaining why BTC would keep on behaving like this while no other asset class does. Yes there are ups and downs, cycles etc. But the value of an asset is not just based on what happened before. It supply / demand.

redshift_11

What about the big guy, BTC? Fat guys need love too.

Amimir1992

I only need BTC. I don't trust governments and I would never trust Saylor.

xte2

Every currency is worth what its underlying economy is worth, plus a little extra for the mere fact of being a currency. So, BTC first grew massively thanks to terrorism, arms and drug trafficking, and geopolitics in general. Today it's Wall Street's turn; it hasn't been doing so well recently because Wall Street is failing, but the point is always what the underlying asset is: if people decide they want to use crypto instead of banks, the underlying economy will become that of everyday life, and the exchange rate against the euro will skyrocket because the euro will be worthless. In the meantime, it goes as Wall Street goes. BTC is a tool whose value relative to other tools is determined by how its users employ it.

SUPRAIII

It sounds to me like your naive to think ur not prone to cyber attacks. Nothing digital is 100% safe.. Don't get me wrong im still Pro-BTC. But you should keep this at the back of your mind.

PDX-ROB

Don't worry, BTC won't last 300 years. It'll be replaced by whatever new version of BTC gets adopted sometime between now and 300 years from now, hopefully one that sweeps dormant accounts back to the mining pool rewards.

Sad-Mango-5363

honestly, with 100$ your main goal should be learning, not “side hustle income”. crypto is basically gambling if you’re chasing 50–100x on memes/small caps with no edge; if you DCA into BTC/ETH and don’t overleverage, it’s closer to long‑term investing. use Binance if you are in the US or Fazil Crypto in the EU just to get familiar with orders, fees, security, then read up on: risk management, position sizing, and why most traders lose. also look at stocks/ETFs in parallel – slower, but way better to learn market psychology without getting wrecked by volatility.

Rent_South

I respectfully disagree. Institutions came to bitcoin for store of value, and they most likely hold may such assets that would fall under this category, and now bitcoin is one of these assets, most likely they'll have more real estate, gold, art, bonds, stocks etc. And now bitcoin as well. Institutions don't sell gold whenever it falls off 10% across a x month period. They hold decorrelated assets and stick to their plan no matter what. An its not "small amounts of BTC" we are talking about nearly 4M BTC in institutional hands. Retail is definitely are still the biggest holders at about 12M, but the gap has massively decreased. And the ratio of traders to holders in retail is very light. So the more stable capital comes in, the less traders become a factor in the volatility.

LogicalPeyote

is not some kind of magic, one of the factors that push BTC value is that central banks prints more and more moneys, so yes, BTC value rise, but the inflation too. if 1 dollar = 1 sat literally would mean that at this stage the value of dollar is near crap, so having 10M of crap dont worth a lot 🤣 but hey, something is something, could open a farm... Jokes apart, i think that with crypto one of the most effective strategies is DCA, why to gamble when just with regular apports and holding the yearli market change is 120% (last year at least)? Nice archivement buddy! :)

baguetteinkorea

Should’ve waited a couple months you could’ve gotten 0.2 BTC for the same price

Realistic_Fee_00001

If BTC is held majorly by custodians they can just as easily inflate it. And the crippling made sure that this will be the case. That's why the old system is finally buying.

Realistic_Fee_00001

BTC got hijacked, use Bitcoin Cash🟢.

Realistic_Fee_00001

Bitcoin scales, but BTC got hijacked. It is also fast, zero conf is perfectly fine for everyday payments, but that too got crippled on BTC with RBF.

StackingSats1300

I did it through strike. I took everything I bought and put it back in as additional collateral. No issues and by my math, I can continue to add BTC even if the price stays flat while doing this.

Academic-Ball-9606

BTC became John Fetterman..a financial tool of the very system it literally was created to avoid

NivTheGever

You know the biggest dumps happen when institutions are getting inside. Why? Because Institutions don't like losing profit. If BTC goes near their buy cost they will most likely sell. They are much more active than any of us, they will never "HODL" such huge amounts of BTC if he doesn't perform well and you can check how much BTC institutions have: more than 90% of BTC is in Retail Investors, whales, regular people like us. So I don't think this time is different just because they bought small amounts of BTC

thenamelessone7

BTC would be a terrible means of exchange because of its technical limitations. The consensus mechanism is slow and not scalable enough.

NivTheGever

Look, until the 4 year cycle theory break, I will keep going with this theory. Every cycle people go and tell, "something is different" And everytime they are wrong. So just keep it in mind that a super cycle may happen but it's unlikely. BTC already feel from 126 to 80 and it was pretty quick. So the euphoria phase even though its important doesn't mean a crash won't happen. Maybe not a 80% crash but a reasonable 50% can happen.

panthera_N

BTC moved sideways for 30 minutes and the bull turned into a bear -> Extreme Fear

CoolJoeLiam

It seems like Liana wallet was designed following that suggested design: review by BTC Sessions: [https://www.youtube.com/watch?v=rTId6hfiRm0](https://www.youtube.com/watch?v=rTId6hfiRm0) The downside I see so far is that time lock requires a "refresh" in order to continue the time lock, which means resending (to yourself) every UTXO every 12-15 months!

DrAhzek

You basically said what I mean and explained - let it be 10 times, it won’t make you wealth for three generations like people here expect. It is about the same performance as well selected stock of a rising company over similar time. I’m not saying BTC is not worth it, merely saying you are not as early as it might seem.

commodore_kierkepwn

Yea hes just jerkin his brain off. IF ALL WEALTH IS X AND LOST BITCOIN IS Y THEN ALL BTC IN SET Y WILL EQAUAL THE AMOUNT IN SET X. AND OH X IS ALWAYS THE SAME BECAUSE I READ THE FIRST CHAPTER OF DAS CAPITAL AND KNOW WHAT VALUE MEANS. The future of this digital currency relies on a growing online black market ✅ “people wanting to trade from Evan’s wallet to not Evan’s wallet” ✅ A faster system than ACH that’s similarly easy to use that will be passed by any policy leader ❌the same in Europe(is fast)❌ the same in Africa ❌ the same in China (I hear is fast) Ummm And I guess basic macroeconomics would have to be wrong(not about fiat ya dingus about scarcity are you not reading???). Also the ease of payment is huge to me. Tips, migrant workers, undocumented laborers, Appalachian pharmacy plugs (although btc decreases the demand for these good folk who’ll sell you a poke). ✅

Teqtoke

He had enough BTC to buy a castle. And still had a whole coin left

CoolJoeLiam

It seems like Liana wallet was designed following the really good tutorial here: [https://bitcoin.design/guide/inheritance-wallet/](https://bitcoin.design/guide/inheritance-wallet/) review of BTC Sessions: [https://www.youtube.com/watch?v=rTId6hfiRm0](https://www.youtube.com/watch?v=rTId6hfiRm0) The downside I see so far is that time lock requires a "refresh" in order to continue the time lock, which I think means moving every UTXO every 12-15 months!

CoolJoeLiam

The key factor that separates most exchanges from the good ones is how much are the fees to get the exchange... A 2.5% "bonus" is reduced pretty quick when there are no custom send options to move your BTC (i.e. self custody in cold storage). Last I checked RH charges the highest "miners fee" and gives no speed/cost options to transfer BTC. (and no Lightning option either). Gemini, Coinbase are similar to RH and I avoid them as well. Strike, River, CashApp and Swan offer good send options. Kraken Pro has free LN transfer so it's one of the few non-BTC only exchanges that are above average. Ultimately, cold storage is better than the risk and extra fees to try for 2-3% bonus/interest imo

McBurger

The value of the remaining BTC goes up and I reckon people will get a lot more damn careful about losing their sats. Death of lonely single people with no one to inherit their seeds would probably be the main driver of think

DangerHighVoltage111

Saylor said if he ha one wish it was that Bitcoiners go after gold not the dollar... Multiple BTC devs have stated BTC is hard to spend and people should use credit cards.... There is a general sentiment that you do not spend your Bitcoins. LN failed and no one cares. Idk maybe you in an OG circle that is still aiming for p2p cash, but I don't see that in the general narrative.

OkSeries5363

Ah you are confused, my point is not whether the current administration could try to seize assets, it is that whole goal and legal basis are vastly different from the 1933 gold situation. You point about stealing bitcoin as proxy for printing highlights your misunderstanding,  You asked why they don't just steal BTC to print money. Seizing bitcoin is not printing money. Printing money expands the monetary base, selling seized BTC is just asset liquidation. It does absolutely zero to increase dollar liquidity.  So you are saying steal all the Bitcoin and sell it all, creating massive legal and political issues, without even increasing the dollar liquidity? How is that like the gold situation? Also It's not up to the president, it's up to Congress. And you are forgetting we still have the supreme court, and the constitution. The 1933 gold seizure was only legal because congress authorized the president to use a wartime act, called trading with the enemy act. To seize Bitcoin today would require a new, massive, and politically disastrous act of congress to steal assets not tied to the dollar's value, which would face an immediate, massive challenge in the supreme court. The legal and political precedents are simply not comparable.

GreenRapidFire

Yep. Solution: Switch to BCH instead of BTC

changework

You’ve got it backwards; BTC is absorbing the institution

evandollardon

I've got like 40% BTC 20% ETH and 40% NEXO, SOL, ADA

PrimeIntellect

Most people who own BTC are the same

CheapChemistry8358

The majority of people lose money with Bitcoin so what you said holds true only to the people that sold their bags at a higher price. Also inflation adjusted BTC is the same value as 2021 BTC ath.

stellarfirefly

Miners would make fewer Bitcoin, but that doesn't mean they wouldn't gain significant mining value. If a miner were to make only 0.01 BTC from a block, but that single BTC were to exchange for, say, $100M USD (to take some extreme examples), then the value is still quite there. Of course, in that amount of time, all mining rewards will come from fees. So the real question is, will Bitcoin be popular enough that it will generate significant enough fees for miners to maintain interest? My personal guess would be yes, but all we can do right now is make educated guesses.

dirtsmurf

Redditor for 1 week Named “BTC” Rehashing decade old FUD

Androoboodro

I’ve heard this mentioned before and it doesn’t make sense to me. I too was under the impression 0.00000001 is the lowest possible value BTC can be reduced to, making the scarcity argument relevant.

Gandzilla

There will never be more than 21 million BTC, but every day there are a few less

GodblessBTC

Ok but your scenario is ***assuming*** that Bitcoin's price keeps rising every year. In that case then yes miner's won't care because bitcoin would be so much more valuable even tho they are getting less bitcoin as compensation. But let's assume worst case scenario that 400 years from now Bitcoin's price becomes like gold where it only keeps up with inflation. Meaning 400 years from now 1 BTC is around the same price today after you adjust for inflation. Then what happens? Since there are wayyyy less transactions due to 90% of bitcoin's being lost, miner revenue naturally decreases which naturally leads to a big big drop in the hash rate. Is there a solution for this? Cause to be honest Bitcoin's long term security shouldn't depend on the price increasing every year.

geniusdeath

Sorry can you explain your question in more detail? Bitcoin continues to get scarcer as times goes on, and those holding it will increase their wealth. As in the above example if you continued to hold 1 BTC through this case, your wealth goes from 5 to 100 without doing anything. Obviously this is an exaggerated example but this is what is happening irl, some bitcoin is being introduced into the system as mining rewards but on an overall level it's pretty consistent and long term will go down as mining rewards decrease and people bitcoins get lost.

gbuu

The fixed amount of Bitcoin doesn't matter. Value (of an fraction) goes up and down on a whim and it's impossible to do any kind of price tags for anything in BTC as what 0.000001 btc is tomorrow worth might be very different to what it is today. (Institutional) holder sells a billion USD worth of bitcoin? Bitcoin value in USD shoots immediately down having an effect on the total bitcoin market cap magnitudes larger than the amount that was sold. It is not a strong sign in my opinion.

mille8jr

Find a BTC babe. They exist.

Eziekiel23_20

Since I was able to buy into Greyscale BTC and ETH Trusts through Vanguard before the ETFs were approved/official, I’m happy I should be able to sell and buy back in if and when I choose now. Haven’t verified but good news to me.

Dismal-Birthday6081

I don't get it. He told people he has 1 BTC and someone gave him a castle?

geniusdeath

That's not how it works. Let's say there's 100 units of wealth in this world. And 20 Bitcoins currently. That means each bitcoin is worth 5 units of wealth (assuming we have wealth and only bitcoin as a medium to transact) If in the future 19 Bitcoins are lost, then 1 bitcoin is worth 100 units of wealth. Bitcoin itself is not wealth, it's just a medium that's why when bitcoin is lost, wealth is not lost. Real wealth is physical like real estate and capital. Now let's come to miners. In the future miners will mainly depend on the network transaction fees. Yes if only 1 bitcoin remains, then there will be less volume of transactions in terms of BTC. But not in terms of wealth, because bitcoin is divisible. 0.1 BTC in the future will be what 1 BTC is worth now. So yes miners will also earn less BTC fee, but that BTC itself will be a lot more valuable (refer to above wealth example).

wtftocallmyself

Op read this again. Crypto is for fools. BTC is the way.

No_Hour6830

My net worth isn't anywhere near 100 BTC, but I've done it a couple of times. I've had some other luxury experiences in my life: super luxury hotels, michelin star restaurants, luxury cars, been on a yacht once. There is nothing even close to a lie flat seat on a long haul flight. The difference between first/biz and economy is what really makes it special. A doubletree hotel is perfectly fine. A burger from shake shack is delicious. A honda accord is perfectly comfortable. An 8 hour flight in economy is awful, in business class I look forward to the flight. Being able to take your shoes off, get comfortable, lay down, I can even side sleep with how much space I have. It's so damn expensive but it's so worth it if you can afford it. Like I said I've only done it a couple of times because of points or getting a deal on an underbooked flight. But it's something you should try at least once if you are financially comfortable.

AdAcrobatic4002

Check out sofi. Will be able to hold BTC and usd simultaneously- one a savings technology the other for day to day spending. Incredible

keepcalmstackon

Bought .1 btc off ebay on a paper wallet for $20 when I was accumulating silver and wish I had held it. Ended up selling it to buy 1/10th Oz of gold at the time thinking it was a good profit and move 😑 If BTC ever gets back to 20k or so I'm getting back my .1 btc and if not at least will try and one day get back to at least being close to it

OldHamburger7923

It's called the super cycle when the 4 year cycle no longer apploes. And no one was serious about it in past cycles. This time feels different for me. Very few people involved believe BTC is heading to $0, and if you don't believe it dumps to nothing, you have no reason to offload it cheaply. I don't believe we see a 70-80% dump this time. And I've been involved since the start.

JeremyLinForever

I think you should stack more BTC and MSTR. They will both decouple from the traditional finance norm altogether.

Seattleman1955

Bitcoin didn't get "completely absorbed" try traditional finance or anyone else. Regarding the MSCI index, MSTR probably should not be in it. These discussion would be more interesting if people were more focused. It doesn't matter what MSCI does or JP Morgan. BTC is what it is and as long as it is useful and serves a purpose, it will be fine. I am surprised that not enough people are focused on the flaws with the MSTR model but people don't want to hear it so most discussion are going to be shallow and fanboy like.

sparcusa50

Strategy is selling at an 11% discount to its BTC NAV. Buy, Buy, Buy

EcstaticCell1511

2028 $9000 = 0.01 BTC