Milu Posted February 18 Posted February 18 3 hours ago, UK said: Yea, well...nobody is perfect:))). But how does all these stable coins (or even crypto USD one day) bodes for BTC? It should be somewhat negative? Or not? I see them as two different things. Stablecoin is a digital version of the dollar or euro. As it is pegged to a fiat currency it will be steadily debased in the same manner. Bitcoin serves the purpose of maintaining/growing wealth over long term, stablecoin maintains wealth over short term but guaranteed to lose value long term due to debasement.
TwoCitiesCapital Posted February 18 Posted February 18 8 hours ago, UK said: Yea, well...nobody is perfect:))). But how does all these stable coins (or even crypto USD one day) bodes for BTC? It should be somewhat negative? Or not? I disagree. Stablecoins don't compete with BTC, and Stablecoin companies like Tether and Circle use profits to buy a ton of BTC.
UK Posted February 18 Posted February 18 1 minute ago, TwoCitiesCapital said: I disagree. Stablecoins don't compete with BTC, and Stablecoin companies like Tether and Circle use profits to buy a ton of BTC. Thanks, this was more a question on my part, should have phrased differently:)
Dave86ch Posted February 19 Posted February 19 15 hours ago, TwoCitiesCapital said: I disagree. Stablecoins don't compete with BTC, and Stablecoin companies like Tether and Circle use profits to buy a ton of BTC. Ardoino and Armstrong understand Bitcoin’s value proposition.
Dave86ch Posted February 20 Posted February 20 On 2/12/2026 at 2:19 AM, jfan said: Instead of debating the merits, morals, and economic theories of bitcoin, it might be useful to look at what the network is actually doing, since the data is visible to all for analysis (and for those with software skills, verifiable). The following charts are from Block. https://www.theblock.co/data/on-chain-metrics/bitcoin This shows the transaction counts on the network. The counts are not going up exponentially, but meandering around 10 - 12.5M over the last 3 years, up from 7.5 to 10M 3 years prior to that. Block time has been stable at ~ 10 minutes. So likely more capacity to process more transaction volumes. The number of active addresses doing transactions on the network has plateaued at ~ 20M each month. The number of new addresses coming online with a transaction has stepped down from prior years, averaging ~ 10 million each month over past 1.5 years. So in aggregate, this suggests that # of active layer 1 users, has decelerated. The $USD denominated transaction volume is slowly climbing, but far lower than in 2021 and 2022, but this is likely similar to other markets during this time period. There is alot more transaction volume ($) relative to pre 2020. This volume is all on-chain, so it doesn't include off-chain activity such as derivatives or BTC-related ETFs and stock activity. Not on this picture, but the # of addresses with >0.1 BTC (less than 1 BTC) and > 1 BTC (less than 10BTC) have plateaued since 2023 at ~ 4.5M and 1M addresses. Those with > 10 BTC (less than 100 BTC) have plateaued since 2017 at 150K addresses. Those with > 1000 BTC have plateaued since 2019 at ~ 2K addresses. ~ 70% of BTC supply has been active in the past 5 years, 50% in the past 3, and 35% in the past year. This suggest the turnover is pretty slow, at least, relative to stocks, which I believe the average holding period is < 1 year. These 2 graphs show the daily $ volumes of the ETFs and On-Chain activity, with the ETFs dwarfing the daily volume on-chain. So it appears to me that the ETFs have reduced the on-chain activity which might be a partial explanation why the network fees have stagnated. The current average fee to transact on-chain is ~ $0.65 USD/transaction. This is cheaper than my "discount broker". It seems to me there is a choke point at the on and off-ramps from the fiat world to the crypto world.
Fly Posted February 20 Posted February 20 14 hours ago, Dave86ch said: Insane volume. Is adoption closer than we think?
Dave86ch Posted February 21 Posted February 21 (edited) 12 hours ago, Fly said: Insane volume. Is adoption closer than we think? No idea, but many developers are building many interesting things. PlebQR is a good example: you can just scan a Thailand QR code and the app finds a buyer for your Bitcoin in order to pay in baht. In my opinion, the problem is mostly that society is slow in understanding how beneficial a native, self-custodial asset based on a protocol like Bitcoin can be. I imagine an agent will leverage Lightning or Cashu at some point. Edited February 21 by Dave86ch
SharperDingaan Posted February 21 Posted February 21 Look at the BTC options and futures markets. Total open interest at about the same number of days in the monthly contract. Compare over prior periods .... The most liquid way of shorting BTC/ETH is via these instruments ... so if you want to see what the treasuries and ETF's are actually doing SD
UK Posted February 22 Posted February 22 https://www.reuters.com/markets/on-the-money/why-this-30-year-old-swapped-cash-crypto-2026-02-19/ While roughly a quarter of Americans have tried using cryptocurrencies for purchases and investments, younger generations show far more enthusiasm: 42% of Gen Z respondents and 34% of millennials say they’ve used a stablecoin, according to a July survey of 2,000 Americans conducted by The Motley Fool Of those who do use it, 40% of millennials prioritize crypto for travel and large purchases, according to a 2025 Bitget Wallet Onchain Report, while 39% of Gen Z prefer using it for gaming, and 35% for gifting and daily spending.
Milu Posted February 22 Posted February 22 1 hour ago, UK said: https://www.reuters.com/markets/on-the-money/why-this-30-year-old-swapped-cash-crypto-2026-02-19/ While roughly a quarter of Americans have tried using cryptocurrencies for purchases and investments, younger generations show far more enthusiasm: 42% of Gen Z respondents and 34% of millennials say they’ve used a stablecoin, according to a July survey of 2,000 Americans conducted by The Motley Fool Of those who do use it, 40% of millennials prioritize crypto for travel and large purchases, according to a 2025 Bitget Wallet Onchain Report, while 39% of Gen Z prefer using it for gaming, and 35% for gifting and daily spending. Cryptocurrency is mostly seen as a normal thing by the younger generation. One of the big bull cases is that over time as wealth gets inherited by the younger generation they won’t have the same concerns/fears as the older generations on allocating a reasonable percentage of wealth to bitcoin or ethereum.
SharperDingaan Posted February 22 Posted February 22 (edited) Useful to keep context in mind. Lots of people looking for a 'story' at the moment; tell me what to think, and where the price is going! Everyone throwing sh1te at the wall, and hoping for something to stick ... Everyday users are primarily those in 2nd/3rd world countries where inflation, banking, and corruption are a problem. Local coin in local applications, wealth stored in wallet balances, or 'things', not BTC-ETF. Motley Crew is looking primarily at 'rich' people (vs the 2nd/3rd world), and those based in NA/Europe. Not quite the same thing! It is pretty clear that the price of BTC is biased downward. Small BTC Treasuries have already begun selling off their entire reserves (Coin Telegraph), and hash difficulty has been raised 15%. Higher prices largely depend upon the US opening the money tap to pay for the upcoming Iran war (inflation), and creditors swallowing more USD debt (Fed not having to buy it) ...... the same creditors that are not fully rolling over existing maturities. BTC priced in USD looks great .... just not so much in the other currencies! At present, there is little reason to buy and lots of reason to simply let the industry shake out. Nothing prevents buying bullion ... the long standing alternative . Obviously .... not what the industry is trying to sell. Hence the fear, and prayer for something to work. SD Edited February 22 by SharperDingaan
gfp Posted February 22 Posted February 22 4 hours ago, SharperDingaan said: and hash difficulty has been raised 15% Isn't this just un-doing the Feb. 2025 drop in the hash rate from the winter storm in the US Northeast with a late Feb 2025 normalization now that everybody's power is turned back on?
73 Reds Posted February 22 Posted February 22 8 hours ago, UK said: https://www.reuters.com/markets/on-the-money/why-this-30-year-old-swapped-cash-crypto-2026-02-19/ While roughly a quarter of Americans have tried using cryptocurrencies for purchases and investments, younger generations show far more enthusiasm: 42% of Gen Z respondents and 34% of millennials say they’ve used a stablecoin, according to a July survey of 2,000 Americans conducted by The Motley Fool Of those who do use it, 40% of millennials prioritize crypto for travel and large purchases, according to a 2025 Bitget Wallet Onchain Report, while 39% of Gen Z prefer using it for gaming, and 35% for gifting and daily spending. Not surprising that someone who works for a blockchain/crypto company uses a crypto credit card. But I'd really like to know the source of "a quarter of Americans have tried using crypto for purchases and investments".
UK Posted February 22 Posted February 22 (edited) 1 hour ago, 73 Reds said: Not surprising that someone who works for a blockchain/crypto company uses a crypto credit card. But I'd really like to know the source of "a quarter of Americans have tried using crypto for purchases and investments". Yea, well, I do not know, I myself do not see much of such usage:), but again, nobody uses for transactions gold either. And Bitcoin even seems in many ways superior to it. So if you accept it as a digital gold alternative, you could begin see some rationale for its value. The main problems with BTC are all these technological/safety/disruption aspects, everyone seems so sure about, but for a person like me likelly impossible to fully understand. Edited February 22 by UK
73 Reds Posted February 22 Posted February 22 1 hour ago, UK said: Yea, well, I do not know, I myself do not see much of such usage:), but again, nobody uses for transactions gold either. And Bitcoin even seems in many ways superior to it. So if you accept it as a digital gold alternative, you could begin see some rationale for its value. The main problems with BTC are all these technological/safety/disruption aspects, everyone seems so sure about, but for a person like me likelly impossible to fully understand. Yeah, but we've discussed the fact that gold has more uses and doesn't need to be used for transactions at all. .What else is BTC good for?
Milu Posted February 22 Posted February 22 8 hours ago, SharperDingaan said: At present, there is little reason to buy Wouldn’t this make it a somewhat opportune time to buy then if one believes in the long term viability of the technology. When the market psychology shifts and everybody sees lots of reasons to buy a lot of the growth will have already occurred. For example many people see loads of reasons to buy gold now that it’s at 5k, but saw little reason a few years back when it was sub 2000.
73 Reds Posted February 22 Posted February 22 4 minutes ago, Milu said: Wouldn’t this make it a somewhat opportune time to buy then if one believes in the long term viability of the technology. When the market psychology shifts and everybody sees lots of reasons to buy a lot of the growth will have already occurred. For example many people see loads of reasons to buy gold now that it’s at 5k, but saw little reason a few years back when it was sub 2000. Could it be that a better iteration of digital currency is coming?
SharperDingaan Posted February 22 Posted February 22 (edited) 6 hours ago, gfp said: Isn't this just un-doing the Feb. 2025 drop in the hash rate from the winter storm in the US Northeast with a late Feb 2025 normalization now that everybody's power is turned back on? It just indicates that there is more CPU power on line, and faster processing. To maintain the target 10 minutes the hash calculation has to be more complex. SD Edited February 22 by SharperDingaan
SharperDingaan Posted February 22 Posted February 22 2 hours ago, Milu said: Wouldn’t this make it a somewhat opportune time to buy then if one believes in the long term viability of the technology. When the market psychology shifts and everybody sees lots of reasons to buy a lot of the growth will have already occurred. For example many people see loads of reasons to buy gold now that it’s at 5k, but saw little reason a few years back when it was sub 2000. There is a fairly good possibility this drops below 60K. We're still believers ... but if we can save 10%+ on our cost by simply waiting, it 's foolish not to let the opportunity develop SD
Milu Posted February 22 Posted February 22 12 minutes ago, SharperDingaan said: There is a fairly good possibility this drops below 60K. We're still believers ... but if we can save 10%+ on our cost by simply waiting, it 's foolish not to let the opportunity develop SD Depends on your time horizon I suppose. I already hold a decent amount bought in 2020, so my cost basis is around 8,000 a bitcoin. I’m not trading the asset so it’s just a long term hold for me. If it gets to 500k plus over the next decade then it doesn’t matter too much to me if I got some at 70k or wait a bit and get some at below 60k. Obviously if trading it over the short term then waiting for more defined entry and exit points might make sense but that’s not what I’m doing or would have any skill at.
Milu Posted February 22 Posted February 22 2 hours ago, 73 Reds said: Could it be that a better iteration of digital currency is coming? Sure, can never rule anything out. I’m firmly in the digital gold camp of bitcoin folk, so I wouldn’t be intending to use bitcoin for currency style transactions. Stablecoins are much better suited for that.
gfp Posted February 22 Posted February 22 1 hour ago, SharperDingaan said: It just indicates that there is more CPU power on line, and faster processing. To maintain the target 10 minutes the hash calculation has to be more complex. SD right. My point was that they just made it easier two weeks ago and now they are adjusting it back. Maybe it got 2% more difficult. But not 15%.
SharperDingaan Posted February 23 Posted February 23 9 hours ago, gfp said: right. My point was that they just made it easier two weeks ago and now they are adjusting it back. Maybe it got 2% more difficult. But not 15%. 2 weeks ago there was less CPU on line overall; but it came back with more/faster CPU power. A Bitdeer with slower processing exited and someone with faster processing stepped in; hash difficulty rose to compensate for the faster speed. SD
wachtwoord Posted February 23 Posted February 23 On 2/22/2026 at 2:36 PM, gfp said: Isn't this just un-doing the Feb. 2025 drop in the hash rate from the winter storm in the US Northeast with a late Feb 2025 normalization now that everybody's power is turned back on? https://www.coinwarz.com/mining/bitcoin/difficulty-chart
UK Posted February 24 Posted February 24 https://youtu.be/w8yqjRqy-vM?t=1862&si=R4-jpOisLChLI1wk Banking the unbanked AI agents!:)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now