Quote from: Biodom on Today at 04:14:58 AM

Quote from: JayJuanGee on Today at 03:44:13 AM

Quote from: Biodom on April 02, 2025, 11:04:38 PM

OK, got to wait another 10-20 days to finish my MARA DCA.

It is the fast horse in a three horse race between bitcoin, MSTR and MARA, imho.
MARA should 10X if bitcoin 2-2.5X.
I invested and plan to invest a small amount, thou, just to see if my reading of the situation is correct.

It is not a race.

Those shitcoins are derivatives of bitcoin.

Sure, they may well outperform bitcoin, but they are based on bitcoin. If bitcoin did not exist, then those leverages on bitcoin would not exist, either.

So there could not be a race, even though purportedly, you are putting them into your investment portfolio based on such a framing of a supposed race/competition.

These are stocks. So, in you mind stocks are s-tcoins?
Yes, you can call them derivatives, sure, similarly how bitcoin options or futures are the derivatives of bitcoin.
Strictly speaking, ETFs are also kind of derivatives because they are based on bitcoin, but not bitcoin themselves.
If in any doubt, ask your ETF provider to give you back bitcoin in lieu of your bitcoin ETF stock and see what happens...nothing.

Basically, I am treating MARA as a bitcoin option that would never expire (as long as company does not go bankrupt).
Accordingly, I am investing relatively small sums..for kicks, giggles and, perhaps, an extra return that I could spend.

Still shitcoins.. and sure, they are related to this thread, so I am not going to bash you too much about that - except your assertion that bitcoin would hypothetically be in some kind of a competition with any of your chosen shitcoins.

ETFs are in a similar category. You are correct, and I don't own any ETFs. I am not opposed to owning any of the various bitcoin derivative products, and I might own some of them myself if my 401k funds were to have any of those as options from which I could choose them.... Sure, I could roll my 401k into some other kind of a service provider, yet I kind of like my current 401k, even though it is limited in what is available.

I would not mind off-setting some of my direct ownership of BTC also, so I am not opposed to anything that you are doing, except suggesting that those products are "competitors" with bitcoin. They are ultimately inferior products, even if they may well give you higher returns and also ways to leverage and/or supplement your bitcoin investment.. and I am not opposed to that, within reason.. even though surely, I might suggest that guys who keep 100% of their holdings in various third-party custodian and/or derivative products would be problematic, even though they are free to engage in such conduct with their own investment choices.

Quote from: El Donado on Today at 05:50:20 AM

Hory sheit!!!!!!!!

Don't do it.

That would be a really dumb thing El Donado... Hopefully, you are not THAT dumb. Perhaps? perhaps?

Quote from: Richy_T on Today at 05:54:47 PM

Quote from: hypebrother on Today at 05:41:02 PM

Isn't the purpose "use bitcoin" rather than drooling about making 100 billion dollars 50 years later?

Not since blocks started filling up.

I doubt that block space is the ONLY (or even a significant) reason that people are reluctant to spend their coins. There may be some hesitancy in regards to accounting, and yeah, if there were some de minimus amount (perhaps around $1k per transaction and $20k per month) that could be exempted from accounting/taxes, then that could be a step in the right direction.. but yeah, I am not sure if it would incentivize more merchants to start accepting bitcoin/.. Merchant's surely get worried about accounting matters, even though peer to peer we might not care about accounting matters, to the extent that we are able to peer to peer transact without being monitored and/or controlled... so many folks hold their bitcoin directly through third -party exchanges, too... but then what levels of direct transacting might we do with each other? Go out to eat with friends, and then one person pays with a credit card, and then the other directly pays him in bitcoin? Sell some kind of product directly to another person.. .. or even selling a good/service under the table rather than through formal accountings, getting back to merchant interactions, no?

Quote from: LFC_Bitcoin on Today at 06:57:31 PM

Quote from: Gachapin on Today at 04:07:12 PM

everybody exhausted yet?

I guess we go up for real in fall or early winter... it's gonna happen anyways

Yeah, I’m tired of reading the word ‘tariff’ to be honest.

My confidence in a sustained and healthy bull market this year has diminished. Haven’t and won’t panic sell anything though.

I sold some at over $91,000 a while back but I did have much bigger plans. They will have to wait for much higher prices though even if that is not this year.

You ready to take the other side of the bet, yet?

I know.. where we are at is not really a good feeling, except good to see Ethereum continuing to reach newer and newer lows against BTC.

It is not too common that bitcoin would still pump when a variety of other markets are dumping...and I am not saying that bitcoin is correlated in the BIG picture with various stocks and macro markets, even though in short-term intervals there does tend to be a considerable amount of correlation.. My ongoing theory is bitcoin remains uncorrelated based on its paradigm shifting attributes of being a new protocol layer, and also based on it being in its earliest of adoption phases with only around 1% of adoption, currently.

If we spike down into the $60k's we might end up getting a mindrust or two out of the matter (even if there might not be any public admissions of such).

I will admit that I will get worried to bounce down into the $60ks, and I might even consider that we are out of the bull market if we were to stay in the $60ks in any kind of an extended way. We would probably need to get into the lower $60ks for an extended period for me to agree that we are out of the bull market, and surely getting within 25% of the 200-WMA would surly be problematic from my perspective... which is currently right below $57k.... I am hoping none of these things happen, and surely right now, we are not even much greater than 25% correction from our January 20 ($109k) top, and when we got into the $76ks last month, we were ONLY 30% at that time... which is within the realm of normal bull market correction levels

Edited a wee bit... added a bit of substance to my last paragraph.