Future of Bitcoin

Lol like if the shrimps in this forum can move the price of BTC :sweat_smile: :rofl:

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I think you might not know but there are many discord groups where this is exactly what is being tried. To buy coins in tandem.

If retail investors can move the price or not is different topic. But this is what the promoters of BTC like Saylor are promoting on daily basis with quotes like following -:

  • get in now it’s early days
  • Get in before price hits 1M
  • You only need 0.1 BTC
  • Selling BTC for house is like selling real asset for fake asset
  • BTC is demonetising real estate
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Requires solid strategy and lots of discipline. not saying it cant be done.
But this is not a strategy for the average joe

Yes true, like every cycle. 2020-2021 was BTC to 100k, dimond hands, pay a tesla with bitcoin, it’s the supercycle etc. This time it probably won’t change, at a point we’ll find a top, and BTC will crash ~50% (or more/less who knows). Volatility decreases over time but we should’nt become religious and not take profits. Like a said the goal is to take profit to buy more BTC.

The key is to stay focus and rational. And have a plan. :bulb:

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The average joe is the exit liquidity :thinking: :face_with_peeking_eye:

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Paycheck from fiat mining job. Today I was exit liquidity. As I was last month… and the month before… :joy:

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Buy the dip!!

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Ain’t no room for worry, altcoins are about to bang going into 2025 - according to “each time’s the same” theory :smiley:

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I give up. After 2h of discussion about Bitcoin to convince someone, I give up. You shouldn’t have any. Just don’t. cheers

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Dont try to convince people, its pointless and ultimately leads to rejection .
Better act as a knowledgeable ressource in case somebody is truly interested in learning more…

https://bitcoinmagazine.com/takes/heres-how-to-talk-about-bitcoin-at-the-thanksgiving-table

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As knowledge gives power, I don’t mind to keep it for myself if no one is asking. I usually don’t force others to learn something, unless it’s our children, of course. Otherwise if people prefer to stay ignorant, I don’t mind. This gives me an advantage on the intellectual side, which is getting more important as I am becoming older. Might sound snobbish, but it is a pragmatic approach that makes my life simpler.

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Agree.
The combination of “talked about Bitcoin 2yrs ago with him” and price near 100k lead to the talk. With the price increase, the amount of conversations I participate (voluntary or not) increase proportionally.

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Each time it goes up I just share this gif on my instagram stories to get the non-believers more jealous :laughing:

Leonardo Dicaprio Cheers GIF - Leonardo Dicaprio Cheers The Great Gatsby - Discover & Share GIFs

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Bitcoin Is Dead - Every time Bitcoin has been declared ‘dead’

Anyway, that was just for fun.

I was lucky to put a modest amount into the IBIT ETF before the recent run up of the BTC price. When I then read that options on the ETF were also being introduced I was very interested and became even more enthusiastic when I saw the high premiums (I was specifically looking at writing far out of the money put options and taking those premiums to purchase more IBIT ETF units).

When submitting the order to UBS I got a clear message that UBS does not (yet) support IBIT ETF options. WTF?

So then set up an IBKR account, transferred some money in for the margin commitment, filled in the cumbersome forms, etc. and here as well: they don’t support it (for customers in Switzerland). WTF?

Why is this? What’s the way around it?

Why do you say this? I’m far from an expert on BTC, but…

Reduced supply

  • smaller halvings
  • less ROI from mining
  • people losing their wallets

Increased demand

  • ETF’s
  • Mass market interest in BTC
  • Better regulatory framework

Isn’t convincing more people one of the main ways the price could keep going up?

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Or are people being convinced because the price is going up?

VIAC support IBIT.

You can also buy MSTR in IBKR which can be viewed as a kind of BTC proxy.

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I do have already the iShares Bitcoin Trust with max 5%. But you mean a different investment in VIAC. Didn’t find the MSTR or fund in the list. Can you drop a link or official name please?

Hadn’t thought of using Microstrategy as a proxy but looking at it more closely I’m not convinced:

"As of December 4, 2024, MicroStrategy Incorporated (MSTR) holds approximately 402,100 bitcoins, acquired at a total cost of $23.4 billion, averaging $58,263 per bitcoin.

With Bitcoin trading around $95,666, the current market value of these holdings is about $38.4 billion.

MicroStrategy’s market capitalization stands at approximately $89.61 billion.

This indicates that the company’s Bitcoin assets constitute roughly 43% of its total market value."

I don’t want that exposure to their non-BTC business.

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