Bitcoin Price Thread

[deaddog]

Baby steps DD.

Lets learn to live without 'pig shit retard' first and then go from there.

I missed that, must be someone I have on ignore. Probably my friend John.
Can you imagine ET without name calling.
How will you make your point without cursing out the poster you disagree with?

 

[deaddog]

So tell me @Frederick Foresight or @deaddog, what is the strategy going forward?

I've never owned a bond but the investors I know who have a portion of their investments in bonds don't put the entire bond allocation in the 10 year then wait ten years to cash it in. They ladder in and out every year. Rince and repeat.
If I knew I needed cash a year from now for a major purchase I would buy a moneymarket fund or term deposit to guarantee that I had that amount fo cash availabke when I needed it. I certainly would not buy bitcoin because I don't know where it will be trading a year from now.

 

[ElCubano]

Gotta play the long game. Its been a 350% rise from the lows at 16k. And I really do think that now, there is lots of trickery going on by the traditional financial market. This consolidation for months has been rough, but Bitcoin isn't about making money or getting a good return, its about a fundamental change every aspect of life to be honest.

The past few decades have been all about splurging. This cannot go on forever, and it dies this decade. Never mind that the entire financial system is gonna change, but even how people behave will change.

Think of it like this. When you're 20 and have your whole life ahead of you, you're chasing your hopes and dreams and think you're invisible. Then as you age, you naturally start to look at things differently. You can't be as idealistic, but have to be more realistic. You get a better sense of what you want and also what is possible. By the time you're 60, you're likely just trying to stay alive!

The fiat world is coming to an end, just like the teenager has to eventually face the responsibilities of an adult. There is no choice, it just happens. You get older and people expect more from you.

So now that endless money printing and debasement is on the way out, people will have to learn to live in a world with hard money. Everything about life will change and if people aren't ready for it, or accept it, the transition will be that much more difficult.

I’m in it baby… thanks to @johnarb. I was in the 255 plus % . Now a touch lower.

edit : 216% currently

 

[johnarb]

How much would $100k invested in BTC on March of 2024, just 4 months ago, be worth today? said bondholder would shit his pants.

The post from semperfrosty that started the whole thing specifically talks about an alternative Store-of-Value for the bond investors

According to all the bond experts, there has been a bubble in bond for many years, but when it popped, the ET bond apologists say it is hindsight

The words bubble and risk-free are contradictory

The ET bond apologists would explain that if you purchased a US 10yr treasury with 50 basis points in 2020 that there is no loss as long as you hold to maturity

Then why is there a secondary market for it?

It seems like a very bad investment, 50 basis points per year for 10 years but the current US 10yr treasury will give you more than 8x interest comparatively speaking

With inflation so high, it was and is one of the worst investments to have your money locked in for the next 5.5 years

But the bond apologists will say you will get your money back $100k in 5.5 years, just do not take a loss and sell it now

If a bond investor is looking to put $100k today in a newly-issued 10yr treasury with an interest rate of 4.30%, how safe would that be?

Clearly it is not risk-free as the Fed promised rate-cuts with none delivered so far, what if inflation starts to go up again and the Fed is forced to raise interest rate instead of cutting

Would that be hindsight?

No, it means there is a risk and ET bond apologists calling government bonds as risk-free are lying

Investors will figure it out. The $130 Trillion of money invested in bonds will figure it out. There is no risk-free investment

On a related note, MSTR has issued convertible notes 3 times in the last 5 months and they have been oversubscribed every single time even though the interest rate is less than 1% and much lower than US Treasuries

ET bond apologists take note

 

[johnarb]

After tormenting the Bitcoiners for years, unbothered by any words and seemed to revel on triggering others...

The one thing that really hurt Frederick the most is if you asked him the current price of a newly-issued 10yr treasury purchased in 2020 at 50 bips interest

lmao

 

[johnarb]

The post from semperfrosty that started the whole thing specifically talks about an alternative Store-of-Value for the bond investors

According to all the bond experts, there has been a bubble in bond for many years, but when it popped, the ET bond apologists say it is hindsight

The words bubble and risk-free are contradictory

The ET bond apologists would explain that if you purchased a US 10yr treasury with 50 basis points in 2020 that there is no loss as long as you hold to maturity

Then why is there a secondary market for it?

It seems like a very bad investment, 50 basis points per year for 10 years but the current US 10yr treasury will give you more than 8x interest comparatively speaking

With inflation so high, it was and is one of the worst investments to have your money locked in for the next 5.5 years

But the bond apologists will say you will get your money back $100k in 5.5 years, just do not take a loss and sell it now

If a bond investor is looking to put $100k today in a newly-issued 10yr treasury with an interest rate of 4.30%, how safe would that be?

Clearly it is not risk-free as the Fed promised rate-cuts with none delivered so far, what if inflation starts to go up again and the Fed is forced to raise interest rate instead of cutting

Would that be hindsight?

No, it means there is a risk and ET bond apologists calling government bonds as risk-free are lying

Investors will figure it out. The $130 Trillion of money invested in bonds will figure it out. There is no risk-free investment

On a related note, MSTR has issued convertible notes 3 times in the last 5 months and they have been oversubscribed every single time even though the interest rate is less than 1% and much lower than US Treasuries

ET bond apologists take note

I offer my apologies, I was taking a shortcut

ET bond apologists = ET posters who defend bonds as investments

And to tie this to the Bitcoin price thread...

(government) bond investors are exactly the type of investors who will get hurt by central bank fiat debasement

Bitcoin fixes this

 

[wxytrader]

I posted this scribble on Mar26 and it turned out to be a roadmap of price since then.


View attachment 342970

Are we seriously just going to ignore this amazing feat? I can keep re-posting this until I get my kudos.

 

[deaddog]

Are we seriously just going to ignore this amazing feat? I can keep re-posting this until I get my kudos.

If you had traded your call, your account would be giving you the kudo's you desire.

 

[wxytrader]

If you had traded your call, your account would be giving you the kudo's you desire.

I looked into puts but I think they were expensive...anybody have historical data so we can backwards engineer?

Oh yeah now I remember the spreads were ridonculous. Here is a similar scenario just not as long for the July26 BITO 20 strike...BITX the same. Even if you eat it, now your break even is 18.98

Look how price has to move to make any money lol...what a racket.
10 BITO Jul26 $20 puts @ .79

 

[schizo]

This will be a hard pill to swallow for some of you, but be prepared for 50K. Not saying that's a certainty, but the probability is high, considering that we've traded down to 56K once already.