It is the high value usecase that governments wont perfectly be able to censor that isnt choked off by fees or affected by bitcoins lack of scalability. bullish. it creates a floor.

There is so much risk with btc, gold is just pure. Central banks hold gold and not btc and masses will perfer gold over btc. I am not saying I am 100% sure gold>btc I just believe so.

Prepare yourselves now, if we lose 6400, ie drop to around 5.8/5.9k, then we are going to drop much lower! We prob will retest 6.3/6.4k again but it won't go higher, it will drop so hard after that!

5k soon!

People will prefer btc in a few years time, it might take longer, perhaps in 10 years, all the better because when they do start buying btc, my bags will be full.

Metals are only good as a hedge for a meltdown. As soon as it's over, that' when you should sell all your gold and buy stocks again. Which will be very soon imo.

Stocks do much better than gold after the crash is over. BTC will do even better imo.

Gold does well when we are crashing, it simply crashes less hard and it moons while the markets sort themselves out, but once the markets get going again, they are far more profitable than gold!

you are ignoring the trillions of dollars that were just printed,and the crash has just begun

Whats your definition of moon? I cant see how gold can ever be a more profitable investment for the next 12 months over btc

Good luck guys, I hope btc goes to the moon but I believe gold will go andromeda

look at the last 12 months gold > btc

y i am looking from 5k to 7k and gold from 1284 to 1724 even without post halving boom btc is superior for holding and day to day trade and i cant see this changing in the next 12 months

Gold is up 35%, btc is up 33% yoy without the swings

Is there an idiots guide to buying, holding and selling BTC for someone who hasn't touched crypto? I guess I am mainly looking for a trusted site to buy, hold and sell. I know I can google it, but I'd rather have the opinion of 2+2ers than total randos on the internet.

For smaller amounts, CashApp is easy.

For bigger amounts, choose a wallet: https://bitcoin.org/en/choose-your-wallet

And then buy from an exchange like Coinbase or Gemini.

No you can't just google it will get scammed. But buy small amounts you plan on accidentally losing until you start to understand it. Id think if you are american coinbase is the best place to start (and of course you can't just trust me on that). Its not too difficult but there are extra steps than a simple online purchase.

Coinbase

Kraken or Cashapp in the US. I personally like Bitstamp for Europe.

Buy some at first. If it's a meaningful amount you want to start looking to custody it yourself. Exchanges have a long history of hacks and are honeypots or the owners could just outright take your BTC. The beauty of BTC is that you can take control over your own BTC very easily. But make sure to do your own research. It's probably best to start looking at hardware wallets like Trezor/Ledger (both beginner friendly). Buy one, do your research in the mean time and enjoy the ride!

I've got a feeling this stimulus is going to put a little pep in bitcoins step. Especially with a lot of shorts out there. Funding has been negative on bitmex for a long time now. Could see a serious squeeze.

I think the drop to $3800 was the front side of a major whipsaw type movement that BTC has done many times before. Whipsaw is where it goes up or down in an extreme movement and then heads towards the other end of the extreme.

Why do I ever come back here. WTF does this mean?

New Microsoft patent for digital currency rewards:
https://patentscope2.wipo.int/search...PCTDESCRIPTION

The two parts I found interesting:

Currently 12.5 BTC are introduced into the supply every 10 minutes which miners receive as the miner reward for solving a block transaction. In May, the miner reward will be reduced to 6.25 BTC which cuts the amount of BTC miners make in half.

To make up for this loss in revenue miners are expected to upgrade their equipment to increase the number of rewards they receive. This is expected to cause a difficulty adjustment increase for mining.

So while the supply of bitcoin is decreasing, which would increase the price if demand remains the same, Eddy is speculating that miners will be selling off so many coins to pay for new equipment, increases in electricity costs and to make up for decreases in BTC revenue that the price of bitcoin will fall after the halving.

So miners cant sell coins before the halving in anticipation of this?

Miner selling to buy new equipment would equal a fraction of 1 weeks worth of trading volume anyway.

It's talk like this that shows how clueless people are. WHY THE **** WOULD THEY WAIT TO UPGRADE MINING EQUIPMENT??? If they have such a great chip they can buy that they wanted, they would buy it now and make even MORE MONEY BEFORE THE HALVING.

What genius thinks it would be a good idea to wait until mining becomes way less profitable to upgrade equipment?

Do you actually think most people are competent at their job.
I bet à decent % of Miners are mining at a loss depending on bitcoin pumping not to go broke pre halving. The halving will be a blood bath

Ya, a lot of people are spending $7800 to mine one BTC when they could just buy one for $7200. Yes, this makes sense also.. once again USE COMMON SENSE!

If you want to gamble on a pump, you don't keep mining at a loss hoping price will rise. You just buy BTC.

you're ignoring human psyche

imagine you have 50k worth of machines hooked up in iceland, you don't just scrap that at a moment's notice, people with skin in the game have very expensive equipment they invested a lot of time in setting up in the proper locations

maybe they turn the machines off and look at leasing/selling them but they just shutter an operation like that because of what may be a temporary losing situation

"blood bath" is a meme being propagated by calving ayre. Actually what I call a reverse euphemism. Its made to sound bad but when you ask the person to replace the phrase with what they mean will happen its not at all what it seems to imply. What do you mean by blood bath?

You haven't really made a counter point saying they can just turn their miners off. In regard to leasing or selling its not really a counter point either and the seller has to be able to expect profit as well.

There is the caveat though that if you cannot purchase bitcoins via a method that is viable for your wants (ie privacy or being disconnected with any economy that sells them) then mining at a loss might make sense. North Korea could be an example.