Leverage. I think I read that it has beta of like 1.2 vs. BTC.
Leverage and intermediate levels in the exposure to Bitcoin.
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In this case I did know I would lose money on it. I decided I didn’t want to be involved in crypto. I went against my rule and bought as the timing/potential looked too good to pass up, but then I decided to be disciplined and stay out of the asset class and sold.
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LOL, it’s natural selection, wolves eat sheep, and these sheep are very greedy so we’re not going to cry for them if they are degen enough to sell their house 
. They must be responsible when they presses the button, when we play this game, we must expect to potentially lose.
Don’t forget. MicroStrategy has still the operative business, which generates profit. This may be helpful when bitcoin dunks again.
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Executive decisions. Bitcoin is Bitcoin. MicroStrategy can change their strategy whenever they want and sell Bitcoin and/or develop other activities you might not be fond of. This can lead to both positive and negative outcomes that would differ from the fate of Bitcoin itself.
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Imagine a company who owned 1% of the shares of Amazon, and little else, valued at 3% of the market cap of Amazon.
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Did you pay to AI in Bitcoin for this picture?
always find it somewhat funny when this thread becomes a few no-coiners or doubters talking to each other, while the people that hold bitcoin just stand in the background. especially during an historic bull run.
It is. The technology is extremely solid even if simple in nature (The bitcoin white paper is about 8 pages worth of reading and it has some graphs in it even). That’s why some people saw/see value in it. Obviously it is all dependent on adoption, but any revolution depends on that.
I mean, it is? By definition every payment done in the bitcoin network is extremely secure. Depending on the metric you use it can even be considered more secure than most if not all payments you’ve done in our life (Bitcoin transactions can’t be reversed*). You can argue that it’s not a relevant metric to you or most people and I won’t necessarily disagree with that.
*Any bitcoin payment can theoretically be reversed. It’s just stupidly expensive, and most importantly orders of magnitude more expensive then what you’d stand to gain from such an “attack” so in essence it is the same as impossible. In fact many things in bitcoin are rely on basic economic principles and that was one of the first things that got me interested in bitcoin. You don’t have to rely on people acting in good faith (and growing up only cemented this as important/relevant), in fact the system is designed precisely by taking into account that bad faith actors will exist and will want to act in bad faith and then the problem goes away.
Honestly if you strip all the politics and economic opportunity from something like Bitcoin and focus on the game theory aspect + the little math that it has, it is an extremely interesting topic and I feel like most people don’t really understand/appreciate that. It is a simply genius solution to a rather complicated problem (how to make a 100% trustless transaction between 2 parties).
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Actually I didn’t mean it is not secure.
I meant why BTC network is not used to move money.
Only reason I can think of is cost of transactions. Right?
Sorry I am not familiar with these pictures. But I guess these show some transactions
If I try to summarise , there are two possible reasons to move bitcoin
- People are simply trading bitcoin like stocks. Here the transaction is mainly to buy and sell BTC
- People are actually moving value via BTC. For example if I want to move 90000 USD to you, I can just send you 1 BTC and then you can either convert it or keep it.
#1 is like Gold or NVDA shares
#2 is like Making a bank payment where I transfer value to you because maybe you offer some goods or services
So I was trying to understand how much value (either in terms of BTC or USD) is being transacted on a daily basis using BTC? Do you happen to know?
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Thanks for sharing
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btw
Feel free to browse all the blocks with the transactions on https://mempool.space/ (or better mempool cleared from shitcoins data https://mempool.guide/).
(I posted already, but if you want go further https://www.lopp.net/ for very good bitcoin and lightning network collection and https://planb.network/ to start and dig deeper)
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What are the transaction costs for these kinds of uses? Does the thunderbolt sign mean you are transacting via the lightning network?
yep, that’s my wallet of satoshi used during planb in lugano.
I can’t remember of paying any fees with it
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Do you know if the acceptance map is more or less accurate ?
Really a lot of merchants already
Pretty accurate. Never found one from the map not accepting it.
Plus in Lugano you can pay any communal invoice like taxes with Bitcoin. Further, there are some flat renters which accept bitcoin (but it’s hard to know in advance which ones). You can live in Lugano theoretically only from Bitcoin.
Have to admit, it’s just Lugano. I live few km away and here it doesn’t look that good. Found not one accepting it. I hope it will get better with the growth.
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All roads lead to Bitcoin:
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If you believe in Bitcoin, you want to own a lot.
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If you don‘t believe in Bitcoin, you want to buy some in case you‘re wrong.
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Everybody gets Bitcoin at the price they deserve.
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