Thoughts on BTC?
Who here owns btc? Large amount of your net worth? When you selling?
I own a good bit, think we'll go to $200k this year. Halving hasn't happened yet
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I personally do own some btc. Have owned it on and off and in more or less amounts for some time now. It’s always been an amount though that if it went away completely like a market crash or wallet hack etc., it wouldn’t make much of a difference though in terms of my overall portfolio. I like the asset. I don’t have any current plans to sell. Times in past when I sold was when I needed the money for a more pressing purpose like living expenses or the like. Best wishes
What's the best way to short this pig?
coinbase stock, basically trades like btc
If its just Bitcoin you want to short I would prefer to go for shorting MicroStrategy actually. MicroStrategy holds bitcoin as a speculative investment and it has a beta correlation of roughly 1.5 . Coinbase actually doesn't hold bitcoin as a speculative investment it holds it as a product... it makes most of its profit via transacting, transferring, and custodying crypto for the plebs who don't know how to use a wallet. As such Coinbase has a lower beta correlation to bitcoin than MicroStategy.
If it was just general crypto or something other than bitcoin that you wanted to short (like ETH or the general Bitcoin Top 100 index)... Coinbase would be a better bet because Micro doesn't own any other cryptos but Bitcoin.
If you wanted to bet on government influence with crypto or something without much risk.... I'd consider holding or shorting Coinbase bonds. Bought a bit myself when they were trading at 50% under par back in 2022.
Please find a way to short BTC and do it. It seems fair that people who don’t understand something and criticize it with so much certainty should pay some sort of price for being wrong
Sell naked Microstrategy call options
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Opinions are diverse, ranging from bullish sentiments to reservations about its long-term viability. While some highlight its store of value, others express concerns about regulatory uncertainties. Engaging with these perspectives, I find the ongoing dialogue intriguing. Personally, I recognize BTC's significance
Do you always talk like this?
For sure agree, alt-coins with a better technical and use case is way better, the value of a cyrpto isnt just in storage but also use of purchasing for drugs online or private, untaxed and ease of transactions rates. I personally back ETH or USDT over BTC.
Any currency can be used for storage or trading. It depends on its own value. There is no absolute possibility. If it is only used for trading or transfer, it will not be affected in any way.
It’s interesting to hear about your thoughts on Bitcoin, especially given its halving cycle, which usually has an impact on its price because it reduces the rate at which new Bitcoins are issued in the future, resulting in a reduction in supply, which could theoretically drive prices higher if demand remains the same or increases.
bump
Judging by how Bitcoin is used, it may turn into the currency for unofficial work. It could become as big as the dollar and may even surpass it, but I don’t think it will ever be official—at least not in the next 10 years
Let's see how Trump sets up his policies. If he continues on the path of crypto and BTC with the support of Coinbase and Blackrock et al, we could be in for a long crypto summer. Yeah, because with reasonable legitimacy, crypto adoption could snowball and become even a more important economy.
Secular trend. Inflation hedge. Record money printing. Risk asset. Up only I'm afraid.
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I own a decent amount of BTC as well, and it's definitely a significant portion of my net worth. I'm planning to hold through the halving since I think it could drive prices higher. Not sure about $200k this year, but I wouldn’t be surprised to see a strong rally as we get closer to the event!
All I know is how to trade it against the dollar. BTCUSD rocks.
That's true, you trade by yourself
I own about 13,000 shares of IBIT. With that amount, not interested in owning BTC directly given concerns about how to properly custody it.
I think BTC will hit $150K + this year, but I’ll hold it for the next 10 years and slowly add to my position
Does it mean you have been keeping bitcoin for years
Bitcoin's general outlook remains bullish, driven by several key factors
1. Institutional Adoption Spot BTC ETFs are attracting significant inflows, signaling strong demand from traditional investors. This could provide long-term price support.
2. Halving Effect The next BTC halving (expected in April 2024) will reduce miner rewards, historically leading to supply shocks and bullish price action in the months that follow.
3. Macroeconomic Conditions If the Federal Reserve signals rate cuts or looser monetary policies, Bitcoin could benefit as a hedge against inflation and fiat devaluation.
4. OnChain Metrics Increasing accumulation by whales and long-term holders suggests confidence in BTC’s long-term value.
5. Market Cycles Historically, BTC has followed four-year cycles, with post-halving years often leading to significant price surges.
While short term volatility is inevitable, the long-term trajectory appears bullish, with potential for new all time highs in 2024-2025. However, always consider external risks like regulatory changes and sudden macroeconomic shifts.
Are you thinking about trading, investing, or just keeping an eye on the market?
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