longhorn
BTCLonghorn_TexasHodl’Em

Can someone explain to me exactly how demand for paper bitcoin via an ETF translate to an increase in spot price on worldwide exchanges of the real thing? Doesn’t it depend on how the custodian acquires the BTC? If these big banks develop ways of increasing their holdings via buying from miners or some agreement with coinbase, can’t it result in price suppression?
Yeah blackrock has to stay in compliance, but who is watching their custodian, coinbase, making sure they are really buying spot Bitcoin on the open market?

2023-12-27 21:58:59

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Agreed. But this suppresses price of BTC yes? since I assume etf custodians are buying the BTC ahead of their listings off exchange. I have heard argument that this further “coils” the BTC price spring, but it’s tough watching fiatland faces melted while the actual valuable asset, BTC, takes a back seat.

2023-12-27 21:33:13

#btc price flat while miner stocks mooning thru roof.
This #etf is bad news for #bitcoin .
Anyone have a different view? Why would $MARA be up 857% over last year but BTC only 158%?
@npub1s5y…6q7z?

2023-12-23 15:11:03

BTC went from $0.05 to $50,000 during first 12 years with a theoretical supply of 19 million coins and a trillion dollar market cap.
Over the next 12 years, there will be even less supply assuming HODLERS, and tens of trillions of $ will want a piece of the remaining mined supply.
What will possibly happen to the price with that supply demand dynamic?

2023-12-18 21:00:36

The art of life is finding the optimal balance of low and high time preferences for oneself and his/her family.

2023-11-22 21:36:42

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Agreed. I’m a non-technical pleb who is just here for the freedom money.

2023-11-17 18:37:57

BTC pleb. Stacker of sats.

2023-11-17 18:37:54

BTC pleb. Stacker of sats.

2023-10-03 15:00:18

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How will they come for our bitcoin when the great reset happens? While we may say, “I forgot my seed phrase.” Chain analysis will make it difficult to use.

2023-10-03 14:59:13

How will they come for our bitcoin when the great reset happens?
(Too early?)

2023-09-21 14:53:51

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So many still with their heads in the sand. Hopefully as oligarchs keep committing egregious acts of tyranny like this, more will wake up. Turn ostriches into nostriches.

2023-08-26 23:13:27

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Where are you taking naps in the sun, sir?
It’s 105 here in Austin.

2023-08-16 03:54:39

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The chance may be small that these gatekeepers would refuse to honor your transaction request, but the possibility still exists. I understand today it isn’t necessary from your practical viewpoint. But, preserving the right to transact with another person without a trusted third party is a monumental feature wrapped up in privacy, sovereignty, etc. And, We already have used gold for thousands of years as a store of value. Bitcoin may be better, but again, that feature existed prior to BTC.

2023-06-21 18:40:33

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Blackrock has started buying….???

2023-04-24 17:51:54

So blue wallet lightning LNDHUB sunsetting. If I’m connected to my umbrel node, then I’m good to keep sats in the wallet? Or should I transfer off to be safe?

2023-04-08 03:42:56

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At least it’s been predictable since 1971…😂

2023-03-23 03:36:15

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Assumed it was the WH paper and coinbase Wells notice.

2023-03-17 22:01:06

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I didn’t know I was supposed to be here, but I got here as fast as I could.

2023-03-16 13:07:54

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Bankers and politicians capitalizing on the government’s ability to issue new debt and print new money win, or are the ones stealing. Uneducated plebs think the politicians are helping them by giving a little of the new money as handouts/entitlements, so politicians get re-elected. The bankers and other govt contractors (I.e. military) get rich and also kick back to politicians. The average person getting a salary or hourly wage doesn’t get any benefit, but instead is hurt.

2023-03-11 03:17:26

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Funny how coinbase doesn’t display a price chart for USDC but it does for tether…. 🧐

2023-03-10 04:13:51

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Is this 30% tax legit or just sideshow antics from POTUS to make ESG donors drool?

2023-03-10 04:11:28

So this 30% tax bs from WH on electricity. No way that can pass right? Just sideshow from POTUS to make his ESG donors drool a little?

2023-02-24 03:52:42

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Agreed. Only reason I’m running a node is umbrel and step by step raspberry pi guide for dummies. Even installing desktop wallets and verifying installation at Mac or dos prompt is not anything the average computer user is going to do.

2023-02-17 02:30:30

Imagine selling the bitcoin you bought at $20k for a 4K profit. Traders gonna trade.

2023-02-16 23:12:28

Years of “I told you so.”
SEC charges Do Kwon, Terraform with fraud in connection with Terra collapse https://www.cnbc.com/2023/02/16/sec-charges-do-kwon-with-fraud-in-connection-with-terra-collapse.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

2023-02-14 04:19:05

I’m realizing that not only am I more aware of the corruption in our world since falling down the bitcoin 🐇 🕳️ , but the corruption is also spreading and getting worse simultaneously.

2023-02-13 04:47:17

Now we know that if aliens ever actually did visit us, our leaders would chose to fire missiles at them immediately without asking questions. Great. We’re f’ed.

2023-02-05 23:42:37

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🔥 🔥 🔥

2023-02-05 04:04:56

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Hi time preference activity.

2023-01-31 23:47:45

Freedom of speech is key to any thriving civilization. Great job!