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Just put in a bunch of IBIT buy orders down to $40.

Was just going to try and find something like that- thanks.

Don't get me wrong, I'm heavily invested in BTC for that same reason, and I don't plan to sell anytime soon. Over time, BTC easily beats USD when it comes to value/beating inflation. Key words = over time. Was just saying if you had a 12 month horizon, I'd be cautious with BTC now. I mean...

Not giving you advice and also not suggesting that a bear market is here or otw, but understand that if we are in or entering a bear market, it can (and probably will) last longer than 12 months

Was kind of curious about this. I feel like a spot liquidation/rebound would almost certainly happen outside of U.S. market hours. Pretty sure the other big crashes have all occurred in the middle of the night (U.S. time). Not saying it isn't worth putting in some orders- especially if...

Ive got dry powder i was saving for things other than btc, but if we went down to 80k I think I'd have to use it.

Yeah I looked in to inverse Cramer. It didn't fail because Cramer was good. It failed because Cramer makes tons of quick, TV-friendly calls that aren’t meant to be traded mechanically, so trying to short everything he mentions just created a messy, high-turnover portfolio that bled costs. On...

Sure, but the guy does exist, and he is wrong most of the time, and yet he remains a supposedly credible financial source. Those are the things that boggle my mind.

Yeah, I have kind of a similar theory. I think manipulating low-info investor sentiment on behalf of whales has been his true purpose for quite a while now. I'm sure he is handsomely compensated too. So in that way, "the institution" doesn't want to see him go. And he's been such a...

Difficult to understand how he carries any credibility whatsoever. I realize he used to be a sharp market analyst but he's been so bad for so long at this point.

Was going to mention this but didn't want to go on excessively. Zero need to argue the philosophical points about whether BTC is a good store of value or not- you can just let the numbers do the talking. Since Bitcoin's launch, the dollar has LOST about 33% of its purchasing power. Since its...

Could be wrong, but my understanding is that the disparity is at least partially due to the fact that BTC’s 200DMA uses crypto exchange data, updated every day (including weekends), while IBIT’s 200DMA uses market close prices (Mon–Fri only). So IBIT's is “sparser” and often lags BTC’s...

Yeah, not a personal attack on you @Kirun but the strawman analogy is pretty apt. That's what brought me into this discussion in the first place from the main Investment thread. At this point it feels like you’re arguing against a version of the Bitcoin thesis that no one here is actually...

You’re right that governments use inflation, surveillance, and capital controls as policy tools, that’s exactly why Bitcoin has value in the first place. People hedge against tools they expect will continue, not tools they think will end. You can absolutely make BTC inconvenient, but you can’t...

This is a great argument if the world has two settings: 1. Everything stays exactly the same forever, or 2. The U.S. suffers a total system-wide collapse where the entire internet and payment rails are taken offline. But those aren’t the scenarios most Bitcoin holders are talking about. The...

The 200-day moving averages are based on different data sets?

Yeah, but the thing is, Bitcoin Cash isn't Bitcoin. It's not any more bitcoin than, say, Ethereum is. Since 2017, it’s been a separate blockchain with its own rules, miners, nodes, and ledger. I get why you would want to use something other than Bitcoin for every day monetary transactions...

https://visitpago.com/legend-of-the-lost-gold-of-dents-run/ The find would be worth about 175 million at today's prices.

Just giving you a hard time. Besides, I'm just happy we got you to acknowledge that BTC is a superior store of value. Frankly, that's as far as I'm willing to go myself. I've said on here many times I'm not sure that BTC is ever going to be "everyday money"- but I don't think it needs to be...

Tell chat gpt to make its answers more concise 😄

So funny, you're practically quoting Lyn Alden's broken money theory here. You just haven't made the last step to understanding why (based on what you yourself have said) btc is a superior store of value. To be fair it take some really smart people a long time to come around, but almost...

Me too- but they get a surprising number of things right. To an extent, it tracks that a system that makes people literally put their money where their mouth is would be more reliable than the typical talking heads, who can just push whatever narrative they want without real consequences for...

BTC bucking QQQ and following gold so far today. Going to guess it's bc the QQQ drop is being largely driven by govt shutdown fears and BTC is sovereign resistant

I mentioned Lyn Alden, she takes it one step further. Alden argues that money is ultimately an accounting system; a ledger that tracks who owes what to whom. In primitive economies, this ledger was mental or social (“I gave you a goat, you owe me a favor”). With the rise of markets, that...

Since we are on the topic, going to throw this out there: https://www.amazon.com/Broken-Money-Financial-System-Failing/dp/B0CG83QBJ6 Strong recommend. One of the best non-fiction books ive read in years. You don’t have to like BTC to enjoy it, either.

Going to say this one last thing. Happy to continue the conversation after this, but i think we should move it to the crypto thread: The idea that “Bitcoin can be restricted by governments” is true, but it’s even more true of fiat, because fiat doesn’t exist without government permission in the...

Double post

Played PF1 extensively and every version of dnd out there. Was thinking of trying PF2 myself and watched this. Found it pretty damn insightful

Ok so it sounds like our real argument is: I think BTC is sovereign resistant but not sovereign immune, and that it doesn't need to be immune to be a better currency than fiat. You think it's not sovereign resistant, and therefore it's not better than fiat. Fair?

Going to stop you right there. That's not my quote and that's not what I mean. Go back and look again. Stop changing the words in my quote lol. Dick move. Here you go, my original quote: "Because bitcoin is decentralized, it is largely beyond the reach of government manipulation." See the...

The whole "but what if the government bans it" argument has been around forever, so it's not surprising to see it, but if you're paying even a little bit of attention to the news it has never been less relevant

Don't want to get into a retarded argument, but fwiw I'm not shifting goal posts. Look back at what I said- I said BTC was "largely beyond the reach of government manipulation." What I mean is (unlike fiat), BTC is immune to a lot of the fuckery that governments can do with the fiat-based...

If your argument is that the US government is powerful enough to make pretty much any store of value useless if they want to- sure i 💯 agree. What i meant when i said it was largely beyond the reach of govt manipulation was that it records every transaction on an immutable public ledger that...

The Bitcoin blockchain is maintained by tens of thousands of nodes in more than 100 countries. It doesn’t depend on Coinbase (or any single company) to function. Not saying a government couldn't disrupt btc price action or prevent certain people from accessing their btc, but the likelihood of...

Because bitcoin is decentralized, it is largely beyond the reach of government manipulation. Because there is a hard-coded finite supply of bitcoin, it can't be inflated. Because bitcoin exists in the electronic medium, it is much easier to move and store than gold. Because of all those...

Think youre missing the point. It *is* decentralized. As far as being detached from fiat currency and the stockmarket, the selling point for BTC is that it seeks to be so. I don't think Satoshi ever suggested it had achieved that goal. Like I said, im sure you could come up with some random...

Ive never seen anyone outside Twitter crypto bot accounts say anything that stupid.

I mean 300x fwd PE is kind of hard to ignore. Just like before, Burry isn't wrong, it's just a question of timing.

Despite BTC's strides towards recognition as an inflation hedge, it still fundamentally behaves closer to a Nasdaq listing than it does to gold. In that regard, it continues to function as something of a leading indicator of tech pain (and gain).

Such a joke at this point.