People put money in crypto in the hope they become fiat money millionaires. There's your main problem with crypto and why it will never succeed. Its value is expressed in classic fiat money, so nobody, even 'crypto millionaires', wants the end of fiat money as they'll simply be broke again.
There must have been a door there in the wall, when I came in.
Truly gone fishing.
The purpose of any currency is to buy stuff, but if that currency is so highly volatile as BTC, than it cannot fulfill that purpose.
People invest in BTC because they were late (not their fault) in classic investement assets. BTC still promises enormous growth and especially younger investors (millenials, Gen Xers) are drawn to it because the classic assets are already taken by boomers.
Its also very tempting because with BTC you own your own keys and don't need an institution to safeguard your assets. At least until you want to cash out.
I understand that people want to make money and become more independant but I don't think BTC can replace fiat anytime soon.
"Enlightenment is man's emergence from his self-imposed nonage. Nonage is the inability to use one's own understanding without another's guidance. This nonage is self-imposed if its cause lies not in lack of understanding but in indecision and lack of courage to use one's own mind without another's guidance. Dare to know! (Sapere aude.) "Have the courage to use your own understanding," is therefore the motto of the enlightenment."
CBDCs will probably replace cash and fiat as we know it. And with all the comfort they bring, comes the social credit and surveillance shit too.
Crypto won't go away either but many shitcoins will be purged. And the more orwellian CBDCs get, the more value the remaining cryptos will have.
This is an interesting 40mins about the BTC wasting energy myth and how it's helping American and poverty stricken communities in Africa night now. I find the stuff going on in Kenya etc. pretty inspiring.
"Cramer's remarks followed the bailout of two major U.S. lenders, Silicon Valley Bank (NASDAQ:SIVB) and Signature. When asked if the stress on the banking system and the Federal Reserve strengthened Bitcoin's investment case, Cramer replied, "No"."
And that seems to have happened quite some time ago already.
So clickbait maybe?
"Enlightenment is man's emergence from his self-imposed nonage. Nonage is the inability to use one's own understanding without another's guidance. This nonage is self-imposed if its cause lies not in lack of understanding but in indecision and lack of courage to use one's own mind without another's guidance. Dare to know! (Sapere aude.) "Have the courage to use your own understanding," is therefore the motto of the enlightenment."
It's getting ridiculous now to just find straight up info or source material. I often can't find utub-free media. Someone needs to build utub-unwrapped.com for derp narration free content.
It's getting ridiculous now to just find straight up info or source material. I often can't find utub-free media. Someone needs to build utub-unwrapped.com for derp narration free content.
That's what saddens me the most about the Internet as it is now ; it has become way too hard to get past the 10 pages of copied/pasted "content" tailored to trick the search algorithm - it's become increasingly trickier to find original sources or simple original content now.
R5 5600X - 3070FE - 16GB DDR4 3600 - Asus B550 TUF Gaming Plus - BeQuiet Straight Power 11 750W - Pure Base 500DX
Its normal and annual. Just like stocks this time of year.
I wouldnt say its pump and dump.
Buy before christmas, sell after is a good option. I'm doing it. So not really a pump and dump. You need to pump it yourself (or as a group) , to do a pump&dump.
This is just buying/selling strategy like any stock at this time of year: Buy stocks/coins as the prices drop from average people selling to afford christmas/extra christmas money (they will sell a bit lower to sell 'now' and price creeps down). Sell when people that got christmas money/post holiday money want to buy coin/stocks. (they will pay a hair over to get it 'now' and price creeps up)
Tons of people that don't know stocks get dicked all the time thinking they 'heard a good tip' and no idea how to do it. And tons of of people that don't know coins do the same.
Those on the subreddit is like any very specific subreddit: Ignore them, as it's only people zealot enough for a thing, to join a specific subreddit about that thing, to talk about that specifically in its own place and say positive things (and defend it) with others that are zealot enough to join a 'group' for that thing. Majority of them are there because they are 'for' that thing. So of course opinions are going to be heavily favorable of that thing there...To me just like a cult, that doesn't have a physical meeting spot to help identify it as a cult.
Like going to the taylor swift subreddit and asking who is better: her or Rhianna. Your going to get 100% answers of 'her', and if you come out and say she is bad and over hyped..a LOT of hate.
Dont know what you expected going to a subreddit about a thing, and talking shit about that thing..
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
Bitcoin Transactions Per Day at all time low though. It are mainly the Johnny the Whale kind of btc traders doing their thing if interest gets lost, you need to pump and dump! We are now in the pump phase.... Pump pump pump
My closest friend is really big on bitcoins, he's on me all the time, "are you fucking stupid?! buy bitcoins NOW!!!!". i do have some but not a fortune.
i really like buying THINGS though, not fantasy money. what is a big take away for me when it comes to investing is that you never know what you really have until the day you sell it, that's the only point where its worth will matter. It's really not that different than lottery. With THINGS i know their worth + i can use them + it's fucking FUN to spend my money on
I've had a decent run of buying non-things (bitcoin/eth/litecoin/etc) to afford my things. It's what filled my garage with wood toys. Its paid for my table saw, CNC, laser CNC, drill press, and bandsaw. Along with my new PC racing wheel, my last PC build, and latest monitor.
It may be non-money things. But putting a little money into the non-things, pays for my hobby things
My total as of now across 4-5 base coins:
Spoiler:
I started with $300, and this is after I bought all the above listed stuff. It's not a fortune or windfall. But for starting with $300 and getting all that stuff, and still up $2800 isnt bad.
Just be a little smarter than the average crypto dabbler, and don't be greedy chasing 'lambo money' holding waiting for 100% gains to trade, and just buy/sell the 2-3% waves, adds up. I wouldn't bet my retirement on a crypto based plan. But hobby money I will risk it. At this point if I lose all $3000 of that and end at $0. I see it as I spent $300, to get $7000 worth of stuff. Win I say.
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
so they are gonna sell their gold for bitcoins ... a real rare ore for virtual trash
i cant wait for 2025 , a whole lotta people are going to unalive themselves when they think about not having sold at 100k after they wake up to when its crashed 99% overnight
crypto as a strategic reserve ... this one is going into the anals of history on level of the tulip balony
i cant wait for 2025 , a whole lotta people are going to unalive themselves when they think about not having sold at 100k after they wake up to when its crashed 99% overnight
Annnnny day now. You have been saying this since 2017.
This is like a weatherman saying every day to expect a hurricane because he has no idea how weather works. Then if one comes going "I KNEW it! I predicted this". No, he didn't. He just won a random dice roll of something with a not 0% chance of happening, happening, because he said it everyday.
So did WWII, NSync, Spice Girls, and Myspace, your point? They all lasted about 6-7 years.
Just because something shares a window of existence length with something else, in no way makes a correlation of prediction of how long other things that have existed that long so far will last.
And the tulip mania was 2 1/2 years, not 6-7. Started in the winter of 1634. Collapsed in February 1637.
Since there's a lot of movement all over, I tried to make this as digestable as possible.
I also invite you to use the source (at the bottom for this article, but also in general through a translator for great financial news.
(I use it daily and heavily recommend it as it's as as fair and balanced as I can see and although in French, you can easily use a translator )
Block 1: Key news
Crypto Summit 2025: the White House brings together industry leaders
Spoiler:
Under President Donald Trump, the first White House Crypto Summit will be held this Friday in Washington D.C., bringing together the crypto industry's leading figures and government representatives. The aim is to discuss regulation and strategies to position the US as a global leader in digital assets.
One of the key topics will be the creation of a strategic cryptocurrency reserve, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP and Cardano (ADA), although this selection is criticized by some experts. At the same time, discussions will be held on the easing of regulations, with the SEC recently dropping charges against Kraken, Coinbase and Robinhood.
Belarus plans to mine cryptocurrencies for the state
Spoiler:
President Alexander Lukashenko wants to exploit Belarus's energy surplus to mine cryptocurrencies. A new Energy Minister has been appointed to explore this opportunity and assess its profitability. Lukashenko justifies this decision by citing developments in the sector in the United States, where Donald Trump has confirmed the inclusion of cryptocurrencies in a national strategic reserve. The country plans to improve its electricity grid, already benefiting from very low energy tariffs, thanks in particular to the Belarusian nuclear power plant. This favorable context could attract private miners, a sector deemed promising according to the Deputy Minister of Energy.
Bukele defies IMF and continues bitcoin purchases
Spoiler:
Despite pressure from the International Monetary Fund (IMF), Nayib Bukele refuses to stop buying bitcoin (BTC) and reaffirms El Salvador's commitment to the cryptocurrency. Adopted in 2021, bitcoin has become El Salvador's second legal currency, attracting investment and tourists, but provoking tensions with the IMF. In December, a $1.4 billion loan was granted to the country, on condition that it restricted its purchases of BTC. However, Bukele stepped up purchases, taking the reserve to 6,100 BTC (around $530 million). Faced with the IMF's new demands, the president replied on X: “No, it's not stopping. If it didn't stop when the world ostracized us and most Bitcoiners abandoned us, it won't stop now or in the future. Proof of work > Proof of whining.”
Tether announces its first financial audit for greater transparency
Spoiler:
To improve its transparency, Tether is restructuring its management team and appointing a new CFO, Simon McWilliams, to conduct a full audit of the company.Faced with recurring criticism of Tether's lack of clarity, particularly when compared with Circle, the company wants to reassure its investors.McWilliams, with 20 years' experience in investment management, will be tasked with bringing greater transparency to USDT, the most capitalized stablecoin on the market.With $113 billion in US Treasury bonds, Tether is positioned as the 18ᵉ largest holder of US government debt.To date, USDT's capitalization stands at $142.42 billion.
Block 2: Crypto Analysis of the Week
Spoiler:
Donald Trump's election had ignited the crypto markets. A wave of optimism had swept through the industry, buoyed by hopes of a more flexible regulatory framework and a pro-Bitcoin government. Promises kept? In part. The Securities and Exchange Commission (SEC) has changed course, a crypto-friendly commissioner has been appointed, and several lawsuits against exchanges have been dropped. In his first week, Trump signed an executive order calling for a study into the creation of a national stockpile of digital assets.
But since his inauguration, the crypto market has been in freefall. And frustration is mounting. To calm the storm, Trump unleashed an explosive announcement: the imminent establishment of a strategic cryptocurrency reserve, including bitcoin, ether, but also more speculative assets such as XRP, Solana and Cardano. The immediate result: a price rebound, with over $300 billion added to market capitalization. But on Monday, the trend reversed. Why did this happen? Partly because no one really knows what Trump is promising... and more importantly, how he intends to deliver it.
A massive purchase of cryptos... or a simple sleight of hand?
Spoiler:
The US government already holds around $17 billion in bitcoin and $110 million in ethers, mostly seized from criminals. America is already bitcoin's biggest winner - and without spending a cent.
American investment funds and individuals hold more bitcoins than any other population in the world. And by a considerable margin. But that's not all: every time bitcoin rises, the US government cashes in. Why? Because the gains made by investors are taxable. When an investor resells his BTC at a capital gain, part of the profit goes directly into the government's coffers. If the asset is held for less than a year, the tax can rise to 40%. Beyond that, capital gains tax drops to 20%. But in all cases, the U.S. Treasury helps itself in the process.
This is a crucial detail in the debate over bitcoin's strategic reserve. Unlike other countries, the USA is already benefiting directly from BTC's rise, without needing to buy any. Every bull run translates into billions of dollars in tax revenue - a jackpot that Washington cashes in without risk or asset management.
So why risk public funds to buy BTC when you can simply let the market do the work... and collect the gains?
Spoiler:
The simplest option would therefore be... to touch nothing. But crypto proponents want something else: for the state to massively purchase these assets to fill this famous reserve. An idea which, seen from another angle, looks more like a bailout than an investment strategy.
If Trump goes through with his plan, he would use public funds to prop up a notoriously volatile market. In practical terms, this would amount to a massive transfer of wealth from taxpayers to crypto holders. A sort of government safety net for risky assets, an intervention that Trump himself would probably denounce if it were any other sector. Ironically, while the administration is cutting federal budgets, it is reportedly considering investing billions in digital tokens.
A dubious comparison with the strategic petroleum reserve
Spoiler:
The term “strategic cryptocurrency reserve” is an obvious com' stunt. It echoes the US Strategic Petroleum Reserve, a massive stockpile managed by the Department of Energy to guarantee the country's supply in the event of a crisis. Problem: oil is essential to the economy, whereas cryptos... In the event of an oil shock, the crude oil reserve helps maintain industrial activity and transportation. But how would a stockpile of bitcoins help in the event of a financial crisis in the current state of affairs?
Some crypto advocates point to the United States' gold and foreign currency reserves. But the comparison doesn't hold: foreign exchange reserves are there to stabilize the dollar in times of need, and gold is a vestige of the monetary system of yesteryear. Today, Fort Knox is more a historical curiosity than an economic tool. And unlike the dollar, which relies on trust and American economic power, Bitcoin was conceived as an alternative to the current monetary system, not as a support for the dollar.
The only “strategic” use of bitcoin is simply to take a “long” position on the asset at the state level and sell it later, but you could do that with any other financial asset. There's nothing unique about bitcoin (or any other crypto-asset) in this respect. On the other hand, if the US were really considering a new gold standard based on bitcoin, there would be strategic utility.
Backing the dollar with BTC, as in the past with gold, would give a whole new dimension to the strategic reserve. It would no longer be a mere hedge fund, but a major structural change in the American monetary system. An anchor for the dollar, a means of guaranteeing its long-term value.
But let's be honest: there's no indication that this is Washington's intention. For the time being, the idea of a “Crypto Strategic Reserve” looks more like a political maneuver than a monetary revolution. Nobody is talking about backing the dollar with Bitcoin. Not Trump, not his administration, not the Fed.
So, what is this reserve really for? For the moment, it's hard to see it as anything other than a market lever rather than a transformation of the financial system.
Trump remains vague about the modalities of this reserve. Some suggest selling gold to finance the purchase of cryptos. Whatever the method, one thing is certain: it would require diverting budget resources that could be used elsewhere - deficit reduction, infrastructure funding or social programs.
A poisoned gift to crypto's big money
Spoiler:
Let's be honest: this crypto reserve project is a godsend for the sector's big investors. The government's entry into the market would explode prices and enrich those who already hold massive positions in BTC, ETH, XRP, SOL or ADA. An artificial bubble created with public funds. Worse still, this project could open the door to massive corruption.
Being included in the government pool would give a colossal advantage to selected cryptos. This would encourage aggressive lobbying and conflicts of interest on a massive scale. Remember that Trump himself has a stake in the $TRUMP memecoin via World Liberty Financial. How can we be sure that the selection of assets will not be biased by financial and political pressures?
Another important point: placing BTC, ETH, ADA, SOL and XRP under the same government banner would send a mixed signal to the market. Bitcoin is not like the others.
It's the only asset of its kind with totally predictable monetary issuance, an immutable protocol and genuine decentralization. It has no CEO, no foundation to steer its evolution, and no risk of human intervention in its protocol. By associating it with other cryptos, the government dilutes its uniqueness and blurs its message.
A multi-asset cryptocurrency pool would be a strategic mistake. It would put bitcoin on the same level as much more centralized assets, with opaque governance and very different risks.
Business before politics?
Spoiler:
Trump has always been a businessman before he was a politician. This crypto reserve project is further proof of that. In theory, it's a strategic initiative. In practice, it's an attempt at large-scale market manipulation, with potentially disastrous consequences for the government's credibility.
Cryptos have gone from being a revolutionary tool against the financial system to a speculative product seeking government validation. And today, the crypto lobby is lobbying for Uncle Sam to guarantee their investments. Ironic, isn't it?
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if interest gets lost, you need to pump and dump! We are now in the pump phase.... Pump pump pump 
