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Started By
Message
re: BTC has reclaimed 100K!
Posted on 5/11/25 at 7:14 am to Buck_Rogers
Posted on 5/11/25 at 7:14 am to Buck_Rogers
quote:
By definition, "holding it" would decrease supply.
Exactly
There is no government that I am aware of that’s buying it.
Think about this- if the US wanted, it could buy all of the bitcoin. Then what?
2
Posted on 5/11/25 at 8:11 am to SlidellCajun
quote:
Think about this- if the US wanted, it could buy all of the bitcoin. Then what?
Not possible in my opinion. The US government could keep trying their hardest to buy up all of the available Bitcoin supply on exchanges, and maybe some direct sell of Bitcoin from some whales, but this would just cause Bitcoin to go hyper parabolic.
There are 100 million Satoshis per Bitcoin. So if the US government or any collection of entities were actively trying to buy up all of the available Bitcoin, the law of supply and demand will keep them in check and make that essentially impossible since Bitcoin is divisible to such a massive extent. Such effort would only drive Bitcoin's price so astronomically high, that worst case we would be at the point where there is significantly more talk about investing in Satoshis instead of Bitcoin.
Think about what would happen if it were announced, laws were passed, and/or detected that the US government wanted to buy all Bitcoin. The price immediately goes parabolic.
This post was edited on 5/11/25 at 8:19 am
Posted on 5/11/25 at 8:25 am to 98eagle
quote:This. No offense to Slidell but “Buying all the btc” is something someone might say if they hadn’t done their homework on the topic. It would be easier to buy every non-BTC asset in the world.
Not possible in my opinion. The US government could keep trying their hardest to buy up all of the available Bitcoin supply on exchanges, and maybe some direct sell of Bitcoin from some whales, but this would just cause Bitcoin to go hyper parabolic.
Posted on 5/11/25 at 8:35 am to beaverfever
Lots of action the last 24 hours for a weekend.
Posted on 5/11/25 at 9:19 am to 98eagle
quote:
Think about what would happen if it were announced, laws were passed, and/or detected that the US government wanted to buy all Bitcoin. The price immediately goes parabolic.
If the US government bought it all, (and they could have when it crashed) held it in reserve, why would YOU want to own it?
I certainly wouldn’t want to own it.
Imo, the US government does not want bitcoin usage competing either the USD. If they ever feel as though it’s a legit threat to the USD, they will squash it.
Posted on 5/11/25 at 9:39 am to beaverfever
My friends are all money minded people like me. But we still have friends and family that are reluctant. We try to convince them to simply obtain .2 BTC, today it is only about 20K. It's a 1-time purchase, then just sit tight.
Most on this forum have money, and like me have lost way more than that in a single day when shite goes sideways.
A good analogy is $500- and $1000-dollar bills in the late 60's. Yes, it was expensive to obtain, people held them, some sought them out. Since then, you haven't talked about it as the denomination as it is rare and too large.
BTC in the near future, will be unattainable to the 99% of people. It will exceed 10M dollars.
You will know of BTC, but it won't be used as a reference. At that point Satoshi's will be the denomination that is more attainable and more in tune to exchange for things of value as it would be about .10 cents / Satoshi.
Most on this forum have money, and like me have lost way more than that in a single day when shite goes sideways.
A good analogy is $500- and $1000-dollar bills in the late 60's. Yes, it was expensive to obtain, people held them, some sought them out. Since then, you haven't talked about it as the denomination as it is rare and too large.
BTC in the near future, will be unattainable to the 99% of people. It will exceed 10M dollars.
You will know of BTC, but it won't be used as a reference. At that point Satoshi's will be the denomination that is more attainable and more in tune to exchange for things of value as it would be about .10 cents / Satoshi.
Posted on 5/11/25 at 9:54 am to oneg8rh8r
BTC maxi's (countries, ETF's, MSTR, most personal investors) aren't and won't selli, that is why the US gov. or anyone else COULDN'T buy ALL the BTC.
When you hear of ETF's outflows... that is people selling their shares, not the ETF's selling their BTC.
There will be more financial products in the very near future that will allow you to stake or lend you BTC and earn dividends.
When you hear of ETF's outflows... that is people selling their shares, not the ETF's selling their BTC.
There will be more financial products in the very near future that will allow you to stake or lend you BTC and earn dividends.
Posted on 5/11/25 at 10:21 am to SlidellCajun
quote:
If the US government bought it all, (and they could have when it crashed) held it in reserve, why would YOU want to own it?
I certainly wouldn’t want to own it.
That's laughable. I really wish the government would try to buy all of the currently available Bitcoin on the exchanges. I might even transfer a few of my Bitcoin to Coinbase and put them up for sale starting at $10M to see if they want them that bad
quote:
Imo, the US government does not want bitcoin usage competing either the USD. If they ever feel as though it’s a legit threat to the USD, they will squash it.
Do you even know what percent of voters and congressmen and their families already own Bitcoin now? Do you know how many Crypto PACs there are and how much money they have spent and are spending now to replace anti Crypto congressmen? I would tell you but you need to do your own research. Bitcoin is not going anywhere. Even if some House and Senate reps wanted to ban Bitcoin they can't get enough votes and would be primaried.
This post was edited on 5/11/25 at 10:23 am
Posted on 5/11/25 at 10:49 am to 98eagle
quote:
Do you know how many Crypto PACs there are and how much money they have spent and are spending now to replace anti Crypto congressmen?
They were by far the largest spenders in the last election cycle and that should give anyone pause.
quote:
Even if some House and Senate reps wanted to ban Bitcoin they can't get enough votes and would be primaried.
Unfortunately for crypto Bros, Trump's outward facing crypto business pushing meme coins has united some previously lobbied in Congress.
Just like at the recent rejection of the stable coin bill which was pretty low hanging fruit. I think Trump himself had turned Congress against the crypto agenda.
Posted on 5/11/25 at 11:04 am to SlidellCajun
quote:
Think about this- if the US wanted, it could buy all of the bitcoin. Then what?
Japanese economy is trying ti figure out the answer to your question
Posted on 5/11/25 at 7:07 pm to 98eagle
quote:
Do you even know what percent of voters and congressmen and their families already own Bitcoin now?
No and it doesn’t matter.
The USD is the mist powerful currency on the planet and the US is very proud of it. It’s remained a very stable currency. Trillions of it are moved around the world at incredible speeds.
There is ZERO chance that the US will allow Bitcoin to replace it
Posted on 5/11/25 at 9:01 pm to SlidellCajun
quote:Agreed, it won't replace it
There is ZERO chance that the US will allow Bitcoin to replace it
Posted on 5/11/25 at 10:35 pm to SlidellCajun
quote:
SlidellCajun
Thanks for warning us that the US Government is a potential threat to Bitcoin. All investments have risks. I'm still betting big time on Bitcoin. Its worked out very well for me so far.
Posted on 5/12/25 at 2:06 am to 98eagle
105k
DO I SMELL SOMETHING COOKING OR WHAT
DO I SMELL SOMETHING COOKING OR WHAT
Posted on 5/12/25 at 6:26 am to The Egg
quote:It's very possible you might smell a breakout on the fire.
DO I SMELL SOMETHING COOKING OR WHAT
Bitcoin Shorts Face $1.5B Liquidation With $115K in the Crosshairs
Posted on 5/12/25 at 7:32 am to 98eagle
quote:
Thanks for warning us that the US Government is a potential threat to Bitcoin. All investments have risks. I'm still betting big time on Bitcoin. Its worked out very well for me so far
Just go in with eyes wide open and honesty about why you’re buying it.
I bought strictly as a fomo trade based on the fact that it’s got people enamored for various reasons.
It’s got limited usage. I don’t see it replacing the USD.
It’s purely a fomo trade for me.
Posted on 5/12/25 at 8:39 am to TigerTatorTots
quote:
Agreed, it won't replace it
I don't think anyone is saying it will replace it. But Stable-coins are buying a huge chunk of bonds to where you can make the case crypto will be backing the dollar.
Posted on 5/12/25 at 9:12 am to SlidellCajun
Dude, 2020 wants their talking points back. You are far to confident in your outdated beliefs. No one is talking about bitcoin replacing the dollar today, but if you don't understand that the dollar is in trouble, then you aren't paying attention. The US couldn't buy all the bitcoin because all the bitcoin isn't available for sale. People all over the world have been stacking. Hopefully they have been buying and not telling us, because I believe in the near future you won't be able to buy a sizable amount at the current price. Please stop posting until you go a spend several hours studying bitcoin and where it is today so that you can update your knowledge. Thanks!
Posted on 5/12/25 at 9:14 am to 03 West CoChamps
quote:Despite how many times we tell this to Slidell though he will not take in that information and will continue assuming we think it will replace the USD.
I don't think anyone is saying it will replace it.
Posted on 5/12/25 at 9:15 am to Hitman67
Do not engage Slidell on bitcoin. You're wasting your breath.
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