Bitcoin is where narratives go to die. For 10 years, I've listened to people come in and say "im new to Bitcoin and Im here to fix it". The worst are the institutional boomer money managers. Bitcoin dgaf
Not everyone has to learn about why it is the superior asset, but everybody eventually has to capitulate to the fact that it is.
TBH Peter is a dickhole but ultimately harmless. I'll take a blowhard goldbug over a shitcoiner or trader any day of the week.
Honest question for you 2, since yall are sharp and I just randomly checked on this thread for the 2nd time this year: You own it, you've got it, it's not the stock market where there's trading involved...why really pay attention to it at all? Is there something I should be more focused on?
Why do I need to, or should, pay attention to the bitcoin market? Again, honest question. It's just sitting there, I'm not selling/trading it. Tide goes in/Tide goes out is how I see it.
What do you mean by "leverage against your coins"? Explain it to me like I'm an idiot, which I kinda am when it comes to this.
I have a lein against a very small amount of my bitcoin. I borrowed money from a bank using my bitcoin as collateral, like a HELOC.
All good. I have a lien against mine and regularly use it to afford things to fund/improve my lifestyle, so if the price goes up or down significantly it can change my spending habits or plans for the near-term. But there's a 3rd reason to pay attention to the price, and that's the fact it's the only 'scoreboard' we have to go on. Whether you think Bitcoin is a scam or a revolution the only thing we have to gauge its efficacy as digital capital is the market price. This is why I always chuckle when the haters act like the price is meaningless, and then suddenly throw a party when it dips 20% (usually after a 40% run up lol).
I absolutely thought it was a passing fad/scam/joke when it started gaining popularity, but thanks to you guys in this thread I threw a little "play money" (I had a couple of relatives who insisted on paying me, for ranch expense/tax reasons, for doing ranch chores that I would have done for free) into it. I'm glad to say I was completely wrong about it.
Price predictions are such a silly game. It's like trying to forecast the weather in five years at a specific hour and zip code. Just impossible. The only thing that really matters is the fact the US (and ergo the world) economy MUST create more monetary units to survive. They have to print or everything implodes. It's just the math. And when they print, bitcoin, as the hardest asset, absorbs it and runs. Every. Single. Time. Buy. Hold. Win.
https://river.com/content/bitcoin-custody-report-2025 In this report: An in-depth look into the bitcoin custody landscape How to determine if your exchange is secure How to decide if self-custody is right for you
