#Bitcoin provides a safeguard against bank runs, despite its volatility. Its on-chain accounting ensures each coin is traceable, offering trust in its presence during times of need, provided proper self-custody procedures are followed. Its verifiability is as simple as an internet connection!
#BTC is the peaceful revolution, rooted in decentralization and cryptography. Claims of a second revolution centered on centralized coins seem misguided. While Cathie Woods' comments on this topic were disappointing, it's essential to focus on #Bitcoin's role as the base layer of money.
The potential for DeFi and NFTs is undeniable, but their success, I believe, is contingent on their integration with #BTC. Any future revolutions will still be #Bitcoin revolutions at their core.
When considering history and the fate of centralized coins, one must ask: Has a revolution ever succeeded through centralized control? Or does the pursuit of decentralized freedom ignite a successful revolution?
MicroStrategy, as the largest institutional holder of #Bitcoin, is positioned for significant growth. To surpass Apple's market cap, a 545x increase would be needed. #BTC's potential growth could help bridge this gap, particularly if Apple is slow to adopt. While my primary interest lies in spot #Bitcoin, I'd choose MicroStrategy over any spot ETF due to their substantial #BTC holdings and potential for growth. Always remember to thoroughly research before making investment decisions. My default decision is always stack more #Bitcoin.
Despite market fluctuations, #Bitcoin's performance still outpaces traditional markets like the S&P 500, Nasdaq, and Gold. This resilience, even amid positive economic news, underscores its unique value. As the market adopts a cautious stance, I advocate for a stack and see approach, valuing consistent presence in the market over attempting to time it. #BTC's decentralized nature and finite supply offer a hedge against inflation, setting it apart from other assets.
Challenge your traditional finance friends today and ask why #Bitcoin weathered the rate hike better than the S&P 500, Nasdaq, and even gold!
This was an expected rate hike, and any deviation could have been even more detrimental for traditional finance, hinting at #BTC's future potential.
Current 20-year inflation rate projections stand at 2.5%. This seems optimistic, and even in this scenario, the compounding effect would reduce the purchasing power of your dollars by around 61% by 2043. And I'm expecting worse.
#Bitcoin's inflation rate is about 1.8% now and will halve until issuance ends in 2140. Post-halving, it'll be a remarkable ~0.8%! Opt for hard money!
I've grown even more bullish on #Bitcoin given the recent interest rate news. The convergence of #BTC spot ETF dates with the halving already seemed like an ideal scenario to highlight #Bitcoin's potential. Now, with potential rate cuts on the horizon, the situation seems even more promising. I anticipate a euphoric 6 months - a year that could kickstart the next cycle.
With interest rates at their highest in my lifetime, it's clear that those who thought #BTC could only thrive in low-interest environments lacked a solid understanding of #Bitcoin. They've essentially played themselves.
The recent surge in #Bitcoin despite the Fed's 25 bps interest rate hike, which now stands at 5.5%, reflects an unshakeable confidence in #BTC . This rally, sparked by “bad news”, suggests that positive news could trigger even greater price action. With the RSI cooling off, there's room for #Bitcoin to move. The 2023 highs may not be as distant as some think, and hopefully, these affordable sats won't rush to depart.
What apps on your phone do you use to earn sats?
So far I have sMiles, #Bitcoin Magazine, Fountain, and all of the THNDR Games.
I don’t care if the rewards are huge or small, I send all rewards to my lighting wallet to be able to zap my homies on #Nostr!
Market fluctuations due to whales selling off their #Bitcoin holdings don't intimidate me. Instead, I see it as an opportunity to accumulate more #BTC at a lower cost. I appreciate those who are selling their #Bitcoin at these levels, even if they may not realize that they're enabling others, like me, to increase our #BTC holdings.
With the halving on the way; we find ourselves in the midst of unique opportunity. Obviously nothing is guaranteed, but I think it is fair to assume that the closer the halving gets without having an inverse correlation with the value of the network, the more asymmetric of a bet #Bitcoin becomes.
#BTC is on sale right now, if it dips any further I might have to increase my DCA by 50% for as long as possible. I don’t expect these cheap sats to be around for long, so I’ll take what I can get! Even if it starts out as a slow grind up it won’t take much to send the market into a frenzy for #Bitcoin.
Despite the recent dip, 70.4% of Bitcoin’s supply remains in profit, leaving 29.6% with a chance to lower average cost by accumulating more #Bitcoin.
Being in profit doesn't exclude the opportunity for further accumulation, especially considering future potential.
Monitoring the percentage of supply in profit can offer valuable insights. Historically, when 75% or more of the total supply is in profit, a downturn may be on the horizon. This scenario favors those who invest only what they can afford to lose in #BTC, as those selling are likely overexposed and unable to bear the volatility.
Consider the potential of BlackRock's spot ETF approval coinciding with the next #Bitcoin halving. Neither event is currently reflected in #BTC's price and the market doesn't seem in a hurry to adjust. Many savvy investors are accumulating #Bitcoin, while others are waiting for more signs of FOMO or NGU to join in.
Don't wait. Start saving in #BTC. Small, regular investments can add up over time. I always advocate for a gradual increase in exposure to #Bitcoin. It's like forging diamond hands for newcomers, ensuring they're not taking on more risk than they can handle.
Remember, slow and steady wins the race, which is very much how #BTC operates. Stay patient and consistent my friends!
Let's imagine a world where home-cooked meals can be bought with turds. One week, a meal costs 10 turds, the next week it's 8, and then it drops to 2. Would the perceived value of the meal decrease because it costs fewer turds? Would you start accumulating turds instead of meals?
This is a metaphor for the relationship between fiat currencies and #Bitcoin. Fiat currencies, like the turds in this analogy, can fluctuate in value, but that doesn't necessarily reflect the intrinsic value of what they can buy (the home-cooked meal).
#BTC, like the meal, has inherent value due to its utility and finite supply. The fact that we can still exchange fiat for #Bitcoin is somewhat surprising, given that while you can hold and then convert #BTC (the meal) into more fiat (turds) down the line, the reverse is only possible through exchange, historically. This highlights the unique value proposition of #Bitcoin in our modern economy.
The demand for #Bitcoin is on the rise, with more being accumulated this year than what miners have produced. The key to maintaining its value lies in self-custody. This is crucial to avoid complications arising from fractional or optional reserve practices in banks or exchanges. While self-custody requires responsibility, it's a small price to pay for peace of mind. I only hold what I can afford to lose in self-custody, as it's the only way I can guarantee my assets are held 1:1. This ensures I can fully enjoy a bull run without worrying about a third party's solvency. With a supply shock on the horizon, there's a risk of exchanges becoming greedy. Therefore, it's our responsibility to hold them accountable by withdrawing our #BTC.
One day buying #Bitcoin at $30k will be looked at like we look at people who bought under $5. It’s easy to call them lucky, but really they positioned themselves to capitalize on “luck” when it came. #Bitcoin is one of the greatest financial tools ever invented in this sense.
It's a common misconception that without a depreciating fiat currency, society would crumble. However, this overlooks the fact that civilizations have successfully used commodities and stores of value (SoVs) as a medium of exchange since their inception. These commodities, whether it was salt, gold, or livestock, had inherent value understood by everyone. This transparency eliminated the need for a third-party guarantor, like a government, to maintain trust in the currency's value. In contrast, fiat currencies are susceptible to inflation and economic policies, which can erode their value over time. Therefore, using a tangible SoV, or even a digital one like #Bitcoin, could be seen as a more efficient, transparent, and stable system, as it returns the control of money to the people, rather than a central authority.
I find the stability in #Bitcoin's narrow range intriguing. It's a period of uncertainty, yes, but it's also a prelude to potential volatility and breakout.
Rather than being pessimistic about the current situation, I view it as a balance. The support is just as strong as the resistance, and both are essential parts of the market dynamics.
Noticing a sense of caution in the air, it might be an opportunity for me to adopt a contrarian approach and be a bit more ambitious. It's all about perspective.
Wanna see my #Bitcoin model?!?!?!
*poses like a French girl*