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Peter Pratt
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Bitcoiner Down Under

A Quiet Revolution Is Underway

A growing number of individuals are beginning to exit traditional real estate markets and reallocate their capital into Bitcoin. What might seem like an extreme move to some is becoming a calculated shift for others.

Recent reports show a significant uptick in property investors turning to BTC as a long-term store of value:

Bitcoin Magazine - Swiss Exchange Reports Record Real Estate-to-Bitcoin Conversions

https://bitcoinmagazine.com/markets/real-estate-investors-are-flocking-to-bitcoin-in-record-numbers-says-swiss-exchange?

What’s driving this movement? Is it reckless speculation—or a rational response to shifting economic tides?

This short video raises the essential questions:

Watch Here: Why Are People Selling Real Estate for Bitcoin?

https://youtube.com/shorts/Dx5jRyTTFlo?si=AAQRzOKTpHlUoyka

Yes that's so true, many people try to time these dips applying technical analysis for an asset class behaving very differently to stocks where technical analysis cleans out a lot of people anyway. The answer is never sell your bitcoin, even Trump knows it 😂

Party Time! 100k + it is 👍🏻😀😂😀❤️

This is the BS we are putting up with in Australia. The banks steer now making it difficult to buy Bitcoin 🤷‍♂️ this is choke point down under!

https://youtu.be/xd005mPT8eA?si=sDYfg4f5hpQlJULE

Understanding the impact of your time horizon can truly revolutionize your investment strategy. When I began considering two cycles ahead, my stacking habits accelerated significantly. By extending my outlook to 20 years into the future, what might appear as tragic drawdowns to others have become invaluable opportunities for me, where discounted satoshis (sats) are plentiful. I eagerly anticipate more of these beneficial periods! With all the institutional adoption and international hash wars, the drawdowns could get smaller or start to disappear. It's true, we don't know the future—except for the fact that it brings new possibilities and opportunities. A long-term horizon is obviously a game-changer, and that's crucial to understand.

The point is, if you believe that Bitcoin is not going to $0, then it's going up forever. That's a solid investment foundation!

Stay humble and keep stacking!

Question: What is the cheapest way in Australia to buy Bitcoin and move it to my hardware wallet?

#bitcoin #btc

The #bitcoin bulls appears to be raging, #btc is on the move! 😀👍🏻

The #bitcoin bull on steroids getting ready to run #btc is one amazing story!

🌟 Dive into this eye-opening talk on #Bitcoin and discover the truth about its energy consumption. Debunk the myths and uncover why #BTC might just be the green revolution we need. Watch now! 🌱

https://youtu.be/N7szgscQ0YM?si=Zd8PGlDa2BiqsjH1

Here is another explanation

Imagine you have a special mailbox, but instead of letters, it receives digital coins called Bitcoins. Here’s how it all works:

### Bitcoin Address:

Think of a **Bitcoin address** like your home address for your digital mailbox. It’s where people can send you Bitcoins. It looks like a long string of letters and numbers, kinda like an email address but way more complicated.

### Private Key:

Now, the **private key** is like the secret key to open your mailbox. Only you have this key, and you need it to access your Bitcoins. If someone else gets your key, they can take your Bitcoins, so it's super important to keep it safe and secret.

### How It Works:

1. **Getting Bitcoins**: Someone sends Bitcoins to your address. They need to know your address, but not your private key.

2. **Using Bitcoins**: When you want to use your Bitcoins (like spending or sending them), you use your private key to open the mailbox and take out the coins.

### Example:

Imagine you get a gift card in the mail. Your address (the mailbox) tells the mail carrier where to deliver it. To use the gift card, you need the card itself (the private key). Without the card, you can't use the gift.

So, remember: Your Bitcoin address is like your home address, and the private key is the secret key that lets you access and use your Bitcoins. Keep that private key super safe!

Changing Bitcoin’s supply cap from 21 million to a higher number would require a hard fork in the Bitcoin protocol. However, this is highly unlikely for several reasons:

1. Consensus mechanism: Bitcoin’s decentralized nature means that any major change requires widespread consensus among the network’s participants (miners, nodes, developers, and users). A proposal to increase the cap would need to be agreed upon by a large majority, but this would likely face strong resistance.

2. Core principle: The 21 million Bitcoin cap is a fundamental part of Bitcoin’s design, aimed at ensuring scarcity. Many Bitcoin supporters see this as essential for preserving its value proposition as “digital gold.” Altering this could undermine trust in the system and lead to a significant loss of confidence.

3. Hard fork: A change to the Bitcoin cap would require a hard fork, meaning the creation of a new version of Bitcoin incompatible with the current one. If the new version were adopted by only a minority of participants, it could lead to the creation of a separate cryptocurrency, as happened with Bitcoin Cash in 2017.

4. Incentive structure: Miners are incentivized by block rewards and transaction fees. As Bitcoin’s block reward halves every four years, eventually transaction fees will become the main source of revenue for miners. Increasing the cap might delay the shift to a fee-based system but could also negatively affect Bitcoin’s long-term sustainability.

In short, while technically possible, changing Bitcoin’s supply cap would be a complex and controversial process that is unlikely to succeed due to philosophical and economic factors.

Yes that is right however a the job of a financial advisor is to know about all the options. 🤷‍♂️

Everyone has a choice, educate your families and friends, recommend #simplybitcoin podcasts.

I recently decided to seek professional advice on my investments, especially since I have stacked some sats. I booked an appointment with a well-known financial planner, hoping to get some insights.

Walking into his impressive office, I felt a mix of anticipation and curiosity. The walls were lined with certificates and accolades, which gave me some confidence. We exchanged pleasantries, and I soon brought up the topic of Bitcoin.

“Most financial planners don’t understand Bitcoin,” I began, watching his reaction closely. “Do you?”

His confident smile faltered. He hesitated before admitting, “I’m not very familiar with it.”

I raised an eyebrow, feeling a bit frustrated. “How can you give financial advice if you don’t understand the newest form of money?

He looked at me, speechless. The silence stretched on, and my disappointment grew. I stood up, my decision made. “I think we’re done here,” I said, walking out of the office without a backward glance.

Needless to say, I didn’t pay the bill. Instead, I took the money and purchased some Bitcoin.

Replying to Avatar SwBratcher

GM!

Good job nostr:npub1gu47n7fxfm4py48jktmu6tdqcvva4e87fntynuzzf62zxnw2e7tsc6907g and nostr:npub1vzjukpr2vrxqg2m9q3a996gpzx8qktg82vnl9jlxp7a9yawnwxfsqnx9gc team for picking up Dante Cook . I’ve always enjoyed his concise dumps of perspective. Not sure what split him from nostr:npub1tftc33ttam85wraffce62cgtvvjrmttquqlv6a0agtfm5nl4vues82xar5 but glad to see him back up and running.

Dante! What’s your npub?!

It'd will be fantastic to hear Dante again! 👍🏻