james22

I've no idea what the top might be, or even if there'll be another cycle. I'll trim when there are no catalysts upcoming or (more likely) because I've no reason to keep playing.

The ETFs really changed everything for me.

The tragedy of old age is not that one is old, but that one is young. Oscar Wilde

No, though that's where establishment/Chamber of Commerce/Country Club Republicans reside. Conservatives naturally reside in the River.

I appreciate it, Buckeye, thanks. Thing is, I don't expect anyone here to approach bitcoin neutrally. Everyone here begins with the assumption it's "rat poison squared." And so anyone advocating for it either somehow profits from doing so or is dangerously naive (and so dangerous to others). I can only promise you I truly do not care if anyone here invests in bitcoin. Leaves more for me.

You were questioning the motives and character of the advocates (ho, scumbags), Buckeye. My response (a meme) was actually pretty civil, no?

Exactly And why I'm here, rather than a more bitcoin-friendly forum.

I disagree. It's mostly a Trump rally (if not wholly). Observers will note disagreement is not uncommon among bitcoiners.

If you believe history predictive, you might look at how the gold ETFs performed after they were introduced.

Like the catalysts I mentioned above, this is something that you'd know if you did the reading. Spoon feeding you this answer will only prompt the next question.

What percent of investors have ever heard of SAB 121 and/or the FASB accounting change? Zero would be far, far closer than 1%. That's an informational advantage. There's a reason bitcoin is a Trump trade: https://cryptobriefing.com/trumps-crypto-agenda-presidency/

Outlandish? 1. Bitcoin regulation (allowing bank holding) and 2. US strategic asset reserve. Since November 2021, the three prudential banking regulators – the Federal Reserve, the Federal Deposit Insurance Corporation, and the Department of the Treasury's Office of the Comptroller of the Currency – have discouraged banks from holding actual bitcoin in their balance sheets or providing crypto custody services. https://www.forbes.com/sites/digital-assets/2024/11/13/big-banks-likely-gained-more-than-1-billion-from-bitcoin/ That is changing/will change. "The GOP's commitment to clear crypto regulations and making bitcoin a strategic reserve asset is set to be a game-changer for industry growth," Jean-Marie Mognetti, the chief executive of alternative asset manager CoinShares, said in emailed comments alongside a report. https://www.forbes.com/sites/digital-assets/2024/11/07/a-trump-us-strategic-bitcoin-reserve-game-changer-is-suddenly-hurtling-toward-the-bitcoin-price/ 3. Nation-state (game theory) adoption. 4. Institutional adoption.

I've never been a tracking position fan, but if a sliver incents you to further study, then take a tracking position. Otherwise, you've time to study (again, we're early).

Bitcoin regulation (allowing bank holding), US strategic asset reserve, nation-state (game theory) and institutional adoption, fomo, etc. We're still early.

All you need is a little information advantage. And that's easy with bitcoin. Because so many are absolutely convinced the value of the whole network is zero.

Sure, that's why it's called a trap.

Since BTC can be lost, supply can only always be ever more limited (<21M).

But it's also possible it just won't click for you. It doesn't for everyone.

Probably the easiest: If you believe bitcoin is digital gold, divide gold's $18T market cap by 21M. Otherwise, consider adoption curves. But really, life changing wealth requires some effort. And the risk of wasted effort. Read this thread and the MSTR one as well. You'll see many of us were skeptics first. (I first thought I'd piggy-back Blackrock believing they'd build a market as they did for ESG.) Then look to Twitter/X. That's were the best discussion is now.

X100 It's like reading an x-ray. It doesn't mean anything unless you've done the work And no one can explain it to you. There is no short-cut.

On the off-chance you are sincere . . . And setting aside the insanity of believing me getting anyone here to buy bitcoin would somehow register in my wallet . . . Your blinding assumption that bitcoin has no intrinsic value is your error, Buckeye. It is what leads you to believe there can be no real argument for its adoption. You think me a snake oil salesman because snake oil can only be sold by snake oil salesman. But I'm not promising investment returns to the unsophisticated (or holding a gun to anyone's head). I'm making the argument that bitcoin has value. And so it'll naturally be adopted as understanding of that value grows (and invest returns will follow from that). You think any of these technologies needed to be "sold"? You needn't "sell" a better mousetrap. The world will beat a path to your door. Understand the bitcoin network is a real thing: