BTC

tenor_tymir

Aright, where is the iso code in use? Where is BTC called XBT?

Ikeelu

Why do people act like they know better than anyone else? It's his best educated guess. He has been saying October will be the bottom for awhile. Will it? Wait and see. Anyways praising or hating him is just silly. At the end of the day BTC does what BTC wants. We are all speculating its worth of the future. He's not a BTC hater, why do people treat him as such for thinking the bottom is not yet put in because you hope its not true? That doesn't mean it won't go up. For me, it doesnt matter if it bottoms in October or not, my forecast for BTC is long term.

Icy_Box_7224

Nunchuck sells an expensive solution to this. There is a deadman switch that sets in motion automatic notifications and dispersals of BTC.

Reasonable_Band1536

You either have conviction or you don’t. If you’re spending this much time trying to time the bottom, I suggest day trading. At least there’s more stocks options to choose from rather than limiting yourself to BTC. First you DCA your way until you hit one coin and then you surpass one coin and continue.

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Post is by: T_sauce9112 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1wkqzuq/ive_been_trying_to_break_my_btc_thesis_since/ Since apparently using AI for research means you just typed “is BTC going down?” into ChatGPT and copied the answer This comes as result of being mocked and ridiculed and taken down for my methods, so here is the complete break down. This analysis didn't start yesterday. I've been building it since August. At this point I've probably used around 250 prompts researching it, questioning it, changing it and trying to break it. It originally started with me questioning whether the bottom was actually in and whether everyone calling for straight up was getting ahead of themselves. From there it turned into looking at the 4 year cycle, previous BTC corrections, left/right translated cycles, Elliott structure, RSI divergences across multiple timeframes, moving averages, Bollinger bands, volume, support/resistance and what previous BTC bottoms actually looked like. Then I started tying macro into it. Fed policy, rate expectations, 2Y/10Y yields, inflation, jobs, oil, diesel/crack spreads, Japan/BOJ and the carry trade, VIX, credit spreads and what normally starts breaking BEFORE risk assets really get hit. Then ETFs and positioning. ETF inflows/outflows, OI, funding, longs vs shorts, liquidation levels, CME gaps, Coinbase premium, spot vs perp activity, CVD, whale activity and on-chain buying/selling. I wasn't just asking AI to prove me right either. A huge amount of the prompts were basically me saying attack this, find out why I'm wrong, find the bullish argument, look for something we're missing, compare it to previous cycles, check another market, check another timeframe, rerun the numbers. That's how the thesis kept evolving. And that's exactly why I started questioning this latest giant green candle. BTC broke down to around 74.8k and instead of continuing lower it completely reversed and eventually ripped from around 77k to 81k+. So instead of saying “well I'm bearish so the pump must be fake,” we dug into what actually happened. Around $178M in BTC shorts got liquidated compared to only around $8M in longs. One of the biggest hours had roughly $171M in liquidations with around 95% being shorts. Futures OI jumped from around $51.2B to $56.4B in a day. Large Binance perp trades showed around $5.71B aggressive buying vs $5.15B selling. Coinbase premium was negative around -9.5bps while offshore derivatives were heavily involved. And BTC basically ran through liquidation levels from 78k, 79k, 80k and into 81k before stopping right under the same 82k area we've been watching. Then volume dried up. That doesn't prove manipulation. I can't tell you who pressed the first buy button or what their intentions were. But it definitely gives me a reason to question everyone looking at one giant green candle and automatically calling it organic bullish demand. That's how I've been using AI. Not “tell me what to think.” More like having a research assistant that I can ask 200 follow up questions, make it check another market, AT LIGHTNING SPEED, attack my argument, compare historical data, look underneath price action and then change the thesis when something doesn't make sense. If you disagree with the analysis that's perfectly fine. Give me the data and I'll look at it. But “you used AI” isn't a counterargument. TLDR: What's actually on the table now? 82-85k is still the major resistance area I've been watching. If BTC rejects up here and loses 80k, then 78k/77k, I'm watching 75k again. But another wick to 74-75k isn't enough anymore. We've already seen BTC do that and rip all the way back. For the real bearish confirmation I want to see BTC break 74-75k, fail to reclaim it and actually ACCEPT below it. Then I'm looking at 72k-70k, and if 70k fails the deeper target is still 65-68k. The other side is simple too. If BTC breaks through 82-85k, holds it, retests it and buyers actually defend it as support, then my bearish thesis is in trouble. Sustained acceptance above 85k and I have to admit the setup I was looking for didn't happen. Until one of those things happens I think BTC is basically fighting inside a giant 75k to 82-85k range. I'm not pretending I know which side wins. I'm using every tool available to me to figure it out before everyone else does. Thats what the institutions do... *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.*

Medium-Renewed

Not just solana, alts in general have a nice little rally. But with BTC at resistance, shit could hit the fan again rather quickly

Legitimate_Cry_5194

Oh, you predict the short term price movement of BTC, what a legend. You know, if we put our gains (or losses) from crypto next to each other it would be you that would feel a little more humble, but I have no interest at all to do that. I understand a lot from a little, take or leave my advice 😉. Reality will humble you anyway, you can't escape this one.

T_sauce9112

Look at my previous posts where I predicted BTC would go down to 75k. Read that and go take a seat. I'm not on here for validation, I'm on her to spread knowledge U dont want it? There's the door respectfully. No one is is successful is on here spreading negativity and bashing other posters. Let me see u post some of your work...I'll wait

Clchalbaud

Y’all come on these forums asking some real foolish questions to dudes trying to short the stock and make a quick buck off your fear. They have no clue what’s going to happen either. They want your money, and they want you scared. Stop asking questions that not even an oracle could answer. You should’ve bought when it was in the $80s. Now, as I write this, we’re just under $154. Go with your gut and your own intuition. BTC is a rare, finite commodity. What do you think happens as more and more people and institutions want exposure to something with a fixed supply? Think for yourself. Stop looking to strangers on a forum to predict the future for you.

tenor_tymir

Why is XBT BTC?

Alfador8

I don't watch him (or any "crypto influencer") but from what I've gathered he's one of the main proponents of the idea that bitcoin's price will bottom in October. I think some of the current hate at least is from people dumb enough to make BTC buy/sell decisions based on YouTube videos that are now feeling left behind by the current price action.

Matterhorne89

I wouldn’t call him a grifter. He’s always been honest in saying he doesn’t have a Chrystal ball. He’s just looked at how BTC has behaved historically and uses its history to speculate how we could be moving in the future. And he’s always said at some point BTC will change its behaviour, but so far it’s maintained it’s 4 year cycles

NerdgirlfromTX

BTC is my apocalypse money since PQC hasn’t been implemented yet really I just hold mine. At the end of the world comes my money might be obsolete and I figure bitcoin would probably work lol once PQC is implemented I might cash mine out.

unvac

Exactly. People here seem to have a memory span of about three candles. BTC pumps 3–5% and suddenly everyone’s talking like a new bull market has been confirmed, completely forgetting the 20–40% drawdown that came before it. Then it drops 10% in a day and the same people act shocked, as if Bitcoin hasn’t been doing this for years. Short-term price action is mostly noise. A green candle doesn’t automatically mean trend reversal, just like one red candle doesn’t mean Bitcoin is dead. If your entire thesis changes every time the hourly chart changes colour, you probably never had a thesis to begin with. That’s the difference between having conviction and just reacting emotionally to whatever the chart did that afternoon.

T_sauce9112

Funny story, I had 10k in 2012. I sat down and asked my self, should I put it all in BTC or gold ans silver. I chose gold and silver 🤣🤣🤣 I prosmised I will Never make that mistake again...

GlitteringPut3650

You would still be liquidating BTC if you pay a mortgage with it. It sounds nice, but it’s the same thing as you selling BTC yourself and using that cash to pay your mortgage

Dehyak

I basically do, but I do get curious whenever BTC moves. But I know, for me, I’m buying now and until the end of this year. Ignoring it until 2029, then sell

mrjune2040

Cycles are absolute bullshit purported by bullshiters. NOBODY can extrapolate out any kind of pattern/projection based on a limited dataset of high volume trading of a young asset class that barely goes past ten years (because no, the MtGox and BTC-e years don’t count, liquidity was still laughable).

UrbanGrower187

You’re proving my point by continuing to debate the wording instead of the argument. 😂 “Vast majority” isn’t some extraordinary absolute claim it means **most people**, not everyone. Given that the vast majority of the world owns zero BTC, saying I own more BTC than the vast majority of people is simply context for why I don’t need to take ridiculous additional risk to prove I’m bullish. You can call it a flex if you want. That doesn’t change the argument: **being confident in an investment does not mean rational risk management suddenly stops applying.** And yes, language matters which is why changing the subject from my investment argument to whether you personally liked my word choice isn’t actually a rebuttal. 😂

DerpSkeeZy

I mean to each their own but objectively we haven't made a higher high yet. Once we break above 83k (the May high) that's the time to get hyper-bullish. In either case, BTC is in a win-win scenario right now. **Either the 4 year cycle goes like people want/expect and we can accumulate more for the low or we are in a bull market and going higher.** Pointless argument at this point in time.

ImMaury

Many exchanges don’t support lightning, and you gotta buy BTC in the first place

unperson

Can you show me one instance of “everyone looking at that giant BTC candle and screaming”? You’re cringe bro. No wonder your ai is also cringe.

Abject-Stretch-1187

Don’t worry buddy, the bottom will wait just for you and your cyclist friends. This sounds so much like disbelief. You do realize that cycles were meant to be broken right? And while they’re breaking, they often don’t feel like they’re breaking in the moment. Smart people recognize the breakage in real time while regards stick their head in sand claiming it’ll break in the future but not while it’s breaking in front of their eyes. What else do you need to see happen before you consider the possibility that it is breaking right now? ATH? You also do know that BTC has a bigger chance of closing this year in green than falling to 40k right?

ImMaury

Maybe saving like $1 on BTC fees

TheRicFlairDrip

Clarity doesnt even directly affect BTC

gringovato

When I'm on the fence one thing I find is just do half of what I was thinking. It eases the psychological burden. BTW I'm holding bags since 90k. The only signal I've seen work is when expectations, such as this case w/ the clarity act. Everyone was expecting BTC to fall if the act didn't pass (which as always going to be the case, for now).

HorsedickGoldstein

I’d stick with BTC and ETH

Project_Demosthenes_

Just dca BTC and spx

BetterFunny6883

So think about it again, see the block reward by 2036 will touch 0.39 BTC per block mined and tommone that it will take around $100k of more worth of electricity so you see where the math is going....if still not convinced then watch this full first and do your own homework: https://youtu.be/hqoagNBtIps

ikkiyikki

Yeah OP, I know that coming here slinging this kind of talk gets you cold stares but, yeah, you basically nailed it. If BTC was even a fraction of what it was supposed to be we'd be well ahead of where we are by now. I think what this stagnation really means is that there's a lot of people not willing to sell and a lot of other people not willing to buy with this net result. Every so often some players try to shake things up looking to see which side blinks first, gets bored and taps out.

riseandride69

and is this "everyone who is looking at that giant green BTC candle and screaming" in the same room with us?

Easy_Reflection_9128

What I am holding is sol, link, xrp, avax These are relatively safe coins. But best is to put in BTC for beginners

Good_Extension_9642

Funny how every single time BTC starts pumping people get FOMO but never when it's dumping

LavoP

ETH probably. BTC is safest but it’s not good if you want to actually enter and learn about crypto. ETH is the right way to get into crypto applications, adoption, and tech.

compute_fail_24

I hold some GME still but I replaced much of it for BTC. Cohen is a shady guy. I believe in BTC and I think GME is an interesting gamble

Sastroprawiro

Don't get me wrong, I like BTC, but more as a store of value because in the end it will outperform and increase in value more than LTC would ever be. So, LTC to p(l)ay or send money to fam abroad, and BTC to hold. Until when? I dunno, my kids may decide...

Exact-Ad-8325

Noted: Rent a car, all in BTC

Walla_Walla_26

Just use good ole cashola and don’t touch that BTC. You have too much invested my man

pjb1999

My report says $2M BTC so...

cjdangles

There is no correct answer besides BTC. The alt coin game is so old and stale at this point. The only people left swimming in the alt coin pool are scammers and delusional idiots.

tenor_tymir

How much of that is BTC now ?

ThePredictorHQ

Shorting BTC is basically paying tuition to the market.

Sastroprawiro

I see BTC as an investment (you buy and you keep) like gold. And LTC as a payment asset (you buy and you spend it) like...well...digidollars. It's not the silver to BTC like a lot of cryptonatians are saying. But hey, I can't predict the future and this is what I see right now :)

Reach_Beyond

Eventually everyone who owns a whole BTC will have their own wiki page.

StPeir

Not by shorting BTC….. I mean considering the jump yesterday I assume we can thank all the shorts for the cascade of liquidation that pushed it higher. I would call that the “Find out” phase.

Thatworkedoutgreat

All the money flowing into BTC had been from parties hoping for 100x+ gains. Those days are over and since there is no real added business value from BTC it will slowly dry out from now on.

texannebraskan214

Yes dump everything into BTC! It is only going up until it goes down then up and down.

DasRedBeard87

Some years ago I got a scam email, not BTC related, and I immediately knew what it was. Out of curiosity I emailed back asking how often this shit works and they actually replied "You'd be surprised" so they're probably making a decent payday from these. I mean there's still people questioning why bother with a cold wallet.

AeonPeter

BTC + SPX6900, but do your due diligence before buying anything or listening to anyone.

Competitive_Cook_939

Why not do this at BTC 60k brother

Interesting-Gear-992

This is a popular saying. :) If we look at history, it is usually worth buying on Monday evening (UTC), weekend increases usually fall back on Monday. But this is not a golden rule, anything can happen. If you plan to hold it for the long term, then it doesn't matter when you buy. It is psychologically difficult if they fall back after buying, it happened to me many times. But in this case, remember that that BTC is already there and it is yours, and that is what really matters.

Interesting-Gear-992

The best day to buy BTC is yesterday. The second best is today.

GoldParticular3093

My advice is sell everything you have (House, PC , phone, appliances, your mother's jewelry) to buy more BTC

WeGottaTalkAboutYT

Just but BTC

Awkward_Potential_

I've already returned my initial investment back to BTC. House money at this point. 

MIP_PL

That was my point. Measuring BTC value using magic printer paper money also known as fed notes is the wrong way to begin with. The right way is “how much stuff will I be able to buy with 1 BTC in five years”

Original-Assistant-8

He is saying dev community recognizes and is working on it. But he also noted "there is no CEO to make a decision on approach and set a date to get it done". Which is why when retail discusses it generally is just pushed aside with short sighted arguments like: "If it can crack wallets, we'll have bigger problems with other systems" Thankfully there are upgrade solutions and standards, which are already being planned or implemented in critical systems. Regardless of what, when and how people think quantum threat will play out, the general consensus is the risk must be removed no matter how unlikely some believe it may be. And a wait and see approach is unacceptable. So now we have systems worldwide looking at how to migrate. My take is solutions that play in that space have guaranteed demand. Qanplatform has the only blockchain based tech I'm aware of offering innovation for this new market - enabling quantum-safe "designated survivor" keys to be used once Elliptic Curve Cryptography becomes obsolete in practice. I know btc holders get mad anytime someone discusses other potential blockchain utility. Even if it is a different market. Unlike holders of most coins discussing quantum risk, I don't think we need Qday panic, nor do I think it helps utilty coins if Bitcoin fails to navigate the quantum threat. I think it's best if BTC addresses this in an orderly fashion. The more people discuss now, the easier it is to gain consensus on tough decisions and hopefully make for a slow migration process.

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Post is by: SmartFlow_ICT and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1wkfsgy/ethusd_smt_divergence_with_btc_midterm_correction/ Hey everyone, sharing my ETH analysis using ICT & Smart Money Concepts. Hope it helps someone. 📊 Bias: Bearish (mid-term correction within a bullish trend) Reasoning: Yesterday, crypto markets saw a sharp pump. Now the market is due for a correction. Ethereum has formed an SMT divergence with Bitcoin: ETH made a higher high, but BTC failed to take its major high. This signals weakness and a potential pullback. Price is currently in the Premium zone, above the 0.25 Fibonacci level (2593.78). The 1H Order Block sits around 2445 – 2434, which aligns with the 100% Fibonacci level. This is our ultimate correction target. Key Levels: \- Resistance / Invalidation: 2662.15 \- Current Price: \~2615 \- Support 1 (0.25 Fib): 2593.78 \- Support 2 (50% Fib): 2543.44 \- Support 3 (0.75 Fib): 2493.10 \- 1H Order Block / Target: 2445 – 2434 Trade Plan (Short): \- Entry: 2625 – 2645 (on pullback + M5/M15 MSS) \- Stop Loss: above 2662 (or 2675 conservative) \- TP1: 2593 \- TP2: 2543 \- TP3: 2493 \- TP4: 2445 – 2434 Confluence: ✅ SMT divergence with BTC (ETH higher high, BTC failed) ✅ Price in Premium zone (above 0.25 Fib) ✅ Mid-term correction within a bullish trend ✅ 1H Order Block as final target ✅ Clear bearish MSS on LTF for entry Invalidation: A close above 2662 with a strong body and BTC making a new high would cancel the bearish scenario. Note: This is a mid-term correction within a bullish trend. After the correction completes, I'll be looking for buy opportunities from the discount zone. Disclaimer: This is educational analysis, not financial advice. You are fully responsible for your own trading decisions. Happy to discuss in the comments if anyone has questions. *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.*

Significant_Phase467

I put very little into Bitcoin. Yeah sure its gonna move, but BTC is gonna have some serious diminishing returns as it grows.

Ju-June

Everybody has been a Bitcoin noob at some point. I don’t understand what you would want for them, to stay out of the BTC world? In my opinion, our community puts too much value on seniority.

wallyone123

200k BTC. $1 CRO. $AUD

Thick-Ad5921

Canada. I know of 3 people in my social circle that regularily stack sats. I have tried to encourage people to stidy Bitcoin. They think this magic internet money is complicated and risky. There is some really good Canadian Bitcoin content on youtube. BTC Sessions, Canadian Bitcoiners Podcast, Maple Bitcoin. There are some slivers of economic discomfort in Canada but most people are doing fine. We have banks, credit cards, debit cards easily available so the true purpose of Bitcoin has yet to be discovered.

SendMe10USDLinkInBio

Or the 4 year cycle Or BTC to the moon Hodl I will never sell Etc etc. I believe in Bitcoin but people here make a religion out of it.

Kevino_007

I think low volume" is a bad description for this move. The Sep 18 candle did about $76.3k -> $81.1k (+6.1%) with ~83.96k BTC volume in the dataset from investing. Com. Compared to ~42k on Sep 17, ~53k Sep 16 and ~74k Sep 15. So volume of the breakout day was bout 2× the previous day and clearly above average for those recent days.

DD4LIFE8

I use a combo of Coinbase and KCEX. Coinbase to deposit or withdraw the money to my bank account and for Coinbase to track taxes. I buy USDC on CB which is free, transfer it to KCEX which is free, sell it for USDT on KCEX for free. Buy what I want on KCEX for free (spot) and KCEX has free transfer fees as well. I do the reverse when I want to sell which is also all free. So send your BTC to KCEX. Sell it for USDT, buy USDC and send it to Coinbase. Sell the USDC and withdraw it to your bank account. It’s all free besides whatever fees you may be charged to transfer the BTC from your wallet.

sheeeeeeeeei

Seems like a trick question but if you zoom out far enough you start to get scared that dark money and dark enterprises can do whatever they want to BTC and you start petting your precious little FIAT hoping it does a Yorkie backflip so you can give it a treat

Cold_Respond_7656

The cockiness of these posts when you know damn well how volatile BTC is, is just asking for it

richardto4321

No, you certainly cannot tell how many people own how many coins based on addresses. ETFs make it even harder because they don't trade 24/7 and the actual on-chain BTC doesn't get moved immediately, so those adresses are always lagging behind. I'm saying the fact that one person could own multiple addresses makes it more likely that less people actually own 1 Bitcoin compared to what the number of addresses show. That's also not taking into account lost keys. The only thing we could say for certain is there can't be more people with 1 Bitcoin than the total number of coins mined minus "lost" coins.

JGdc12

Reddit user SANcapITY makes a bold prediction, says BTC will reach 16.7 million per coin at a point in the future yet to specified by means to be determined

sheeeeeeeeei

Goat has a stronger ROI than BTC. Goatcoin incoming? Is that the proper sentiment? Lol ;)

No_Fuel4693

You're right, but it doesn't work in practise like that until the price remains largely stable compared to other currencies - which it never will IMO. Think of it like this. I'm a US seller of goods. My customer is in AUS. The transaction is for $100USD. How much is that in BTC? Well it depends on timing right? So I can say, 'send me $100USD in BTC', but the customer then needs to find an exchange rate for that from one of many exchanges, get a BTC value, then buy that BTC in local currency $AUD, then transfer it. There are a lot of variables in the time that that happens. Prices in both currencies fluctuate and I as the seller, have to rely on my customers interpretation of what $100USD of BTC actually is. Sure we would have saved transaction and exchange fees etc but its still not a clean exchange. It works but it's not perfect. I think this is where stable coins have value. Customer can quickly buy and send $100USDC for minimal fees and when I'm ready I can exchange that out for fiat or BTC as needed. They wear the exchange rate on their end ($Aud > USDC) and i wear it on the other end (USDC to BTC/USD).

MacMuthafukinDre

Let’s just stop posting positive vibes. It seems BTC is doing best when sentiment is bad and shorts load up. Once these type of posts come up, it drops.

Eastern_Primary_4446

🚨 CryptoLookout — BTC/USDC • Coinbase Unusual volume Current price: 81249.83 • Volume: 12066.037974 • Target volume: 5000.00 The useful condition being monitored is now true. Reminder: every 1h while the condition remains true

terp_studios

Yeah but only temporarily. Why does no one realize that if his coins move, ***there still are only 21million BTC and nothing has changed.***

Illustrious-Option-9

The thing is that for BTC to go down you don't need any trigger. It's enough to not happen anything and BTC will slowly bleed to sub $50k and more.  Whenever a positive news is published, like today, BTC will make some waves enthusiastically, before returning to its inevitable long-term continuous decline.

DankShibe

Bear market is over unless black swan . Bottom was July 2026 and reversal was in August . But no bull market until 2028 . Sideways bullish from now on until the halving I suppose . Alts have higher chance to run than BTC right now because no altseason has happened in the last cycle.

SpanglerBQ

Indeed, anything could happen. However, when BTC seems nearly immune to any amount of bad news (Coldcard hack, rate hike, Clarity fail), that's a very bullish sign to me.

Used-Height-2670

Trump will announce he is Satoshi and all BTC belongs to him and no one else

sheeeeeeeeei

Honestly, respect. Did you buy in at 2015 or 2012? Jk lol. I’m slightly jealous of those who bought in at 2015. That’s when I got my first job. And i definitely considered buying BTC. Life just didn’t work out financially perfect because of regular life stress. There are still ways to make money and grow your BTC stash. I’m a sucker for a good attractive USD balance, but I know BTC is slightly more valuable at any given moment.

sheeeeeeeeei

Dawg. If you work at a currency exchange and are a BTC enthusiast, you are in prime real estate for a “change” to see how things work. You could strap a go pro to your head and make a huge documentary

sheeeeeeeeei

It’s not that far off. Remember this, humans value familiarity. We like round numbers. As long as BTC doesn’t give round numbers consistently, none of the “plebs” will buy in. We have so much time. The race is against the institutions, probably. Even then, there will be infighting inside institutions.

sheeeeeeeeei

Lovely comment… I’d ask a question but we are all against the corrupt inflationary system so it’s all the same. I’ve been a BTC enthusiast since 2012 never purchased a single sat until recently as a joke and I could have used my early knowledge as leverage with the little capital I had. Now I’m working 20x harder or more just to know I’ll never be comfortable. BTC frees those who buy in, not those who procrastinate. I can attest this. I’m not even bitter about it. I’m actually kinda happy with my pattern recognition. I read the whole white papers in 2012 and I was like “nah I’ll have at least 7 more years to get it at $30-100.” Yeah fucking right. Worst mistake of my life but I have barely enough to live for to not really worry about it at all.

birdpooponu2

BTC always does the opposite of expected to fool the fools.

Neither_Advisor_7836

BTC flipping the bird at the corrupt bank owned idiots in our American government. BTC no one controls

na3than

It doesn't make that so, nor does it make it not so. There's not enough information to make a conclusion. According to [Bitcoin Rich List](https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html) there are, right now, 972,130 addresses holding 1 or more BTC. That doesn't mean there are at least 972,130 PEOPLE holding 1 or more BTC, because obviously a person can control more than one of those 1BTC addresses. 972,130 is the maximum number of people *who hold 1 or more BTC in one address*. But there are also more than 1,396,086 Bitcoin in addresses holding *less than* 1 BTC, so it's possible that nearly 1.4 million people hold 1 BTC each, spread across multiple UTXOs. 1,396,086 is the maximum number of people who hold up to 1 BTC *spread across multiple addresses*. All we can say definitively is that the number of persons who hold at least 1 Bitcoin is greater than 1* and less than 2,368,216. \* Yes, greater than 1, not greater than 0. I know I have 1 and I know that I don't have the rest, so the true number is definitely greater than 1.

Bright-Ad-4072

Normally when rates go up in a major economy it means investors can obtain a higher risk free rate of return and therefore not invest in alternative assets such at BTC for a higher return. However, a lot of major economies are levereged to the hilt these days meaning that rate hikes are actually increasing their servicing cost of their massive debts. So in effect, interest rate increases are basically making investors question the creditworthiness of countries themselves!!. A recent example of this is the UK where the concern lay in issuing new debt of 20 and 30 year maturity with current interest rates. The relevant bodies stopped issuing the longer term debt due to concerns about servicing the debt in future years

Narf234

I hope the price goes up or down so I can buy more BTC. I feel bad for people who identify as bull or bear because they’ll miss out on opportunities that dollar cost averaging brings.

oh_soo_swagless

Yes. Nothing stops this train. BTC doesn't give a rats ass about Clarity Act.

RunItupBaby

BTC has always been bullish

sheeeeeeeeei

Is that what happened? I’ve heard about similar situations. If you have a chunk of coin, it could be hard to offload it for fiat. Nobody tends to want BTC at the ATH. Gotta create incentives for the population to breed more fomoers I guess

sheeeeeeeeei

I find it funny that people say they can day trade BTC when transactions take 10 minutes to settle lol. Well, maybe they can. But I know that’s not what you’re talking about. And this whole conversation can be applied 1:1 to mining benefits (incentives to secure the chain blah blah blah) but in reality the chain can still be attacked if not enough people participate. I wonder if there are any anti gamblers out there who are bitcoin enthusiasts who consider mining to be gambling. It’s like throwing a full court shot. But it happens quite often. Maybe even less than every 13 minutes….

twoiseight

You're just personifying BTC with the traits of its investors.

Legitimate_Form5449

BTC to fiat? havent met anyone who culd do that yet

eyeofodin3

Today is quadruple witching. Any correlation with BTC price action in the past?

Otherwise-Tomato-788

Isn’t this the whole point of BTC?

Grunblau

Would you rather they use a BRIC or neutral BTC?

DeepSpaceDesperado

Because BTC is inevitable

LionRivr

BTC goes up if inflation Rate hike means there’s inflation. Rate cuts means there will be inflation.

HornyHippopotamus

Chat GPT says A few things are driving it. The Fed just raised rates 25 bps, but that hike was largely anticipated, so crypto is getting a **post-Fed relief rally** rather than another selloff. At the same time, traders who were short BTC are getting squeezed: reports show roughly **$180M+ in short liquidations**, which creates forced buying and can accelerate a move like today’s

biophysicsguy

Ten years ago you could buy about 100 loaves of bread for 1 BTC. Currently you can buy about 16,000 loaves (at $5 per loaf) for 1 BTC. You think in the future the purchasing power of BTC will drop to 840 loaves? That’s pretty bearish.