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 20:58:59

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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 20:33:13

#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 14:11:03

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 20:00:36

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

2023-12-18 19:59:57

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Indeed. The art of life is finding the optimal balance for oneself.

2023-11-22 20:36:42

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

2023-11-17 17:37:57

BTC pleb. Stacker of sats.

2023-11-17 17:37:55

BTC pleb. Stacker of sats.

2023-11-17 17:37:54

BTC pleb. Stacker of sats.

2023-11-17 17:37:53

BTC pleb. Stacker of sats.

2023-11-17 17:37:52

BTC pleb. Stacker of sats.

2023-10-03 13:00:18

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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 12:59:13

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

2023-09-21 12:53:51

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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 21:13:27

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

2023-08-18 01:15:01

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Which is why the price won’t stay down for long.

2023-08-16 01:54:39

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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 16:40:33

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Blackrock has started buying….???

2023-06-21 16:39:53

Looks like Blackrock has started buying.

2023-06-02 02:00:06

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Not crazy. Life is lived in the details. But when you miss your exit, be thankful you have a car to drive. When you pick the slow line at store, remember to be thankful for a full cart of food. Easily said, I know. Gratefulness is practiced and learned. Stay humble out there! Cheers, brother!

2023-04-24 15:51:54

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 01:42:56

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At least it’s been predictable since 1971…😂

2023-04-04 23:36:53

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In some ways, the Roman’s were more civilized than we are.

2023-04-04 23:36:27

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Apparently, tax rate levied by ancient Roman Empire to fund the armies was 2%.

2023-03-24 13:04:04

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The feeling never goes away.
(Well, maybe if you’re an OG from 2012 or something you feel like have enough.)

2023-03-23 02:42:04

“I don’t have enough bitcoin” meme really starting to take a new meaning for me.

2023-03-23 02:36:15

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Assumed it was the WH paper and coinbase Wells notice.

2023-03-17 21:01:06

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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 12:08:59

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The narrative is breaking.

2023-03-16 12:07:54

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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 02:17:26

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

2023-03-10 14:23:32

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View on taxing electricity usage for bitcoin mining? Could it possibly be a win for bitcoin because govt would view it as a source of revenue? Benefit greatest number of people, Even those who don’t acknowledge it’s value.

2023-03-10 03:14:48

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

2023-03-10 03:13:51

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

2023-03-10 03:13:01

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

2023-03-10 03:11:28

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?

2023-02-25 02:11:10

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Yes, and they all are subpar calorie choices, IMO. 😂

2023-02-24 02:52:42

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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.

2023-02-21 02:55:35

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Man, if this isn’t coincidence, I’m actually sort of terrified.

2023-02-21 02:52:52

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Infuriating. But About par for the WH course.

2023-02-20 01:56:51

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Not surprising the Aussies and Kiwi’s are the first to run with opened arms deeper in this dystopian government nightmare.

2023-02-17 17:54:57

When did Natalie Brunel become a FOX news host?!!

2023-02-17 01:30:30

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

2023-02-16 22:12:28

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 03:19:05

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 12:22:11

“Soon Americans may not be able to afford to buy a car even with a government subsidy. Then they will have no choice but to use mass transit or dust off their old 10-speed bike.”
-from article “The Climate Crusaders are coming for EV Cars Too” -CNBC
You will live in a shoebox, own nothing, eat bugs, and we don’t give a shit if you’re happy or not.

2023-02-13 12:14:45

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I see what you did there. 😎

2023-02-13 03:47:17

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.

2023-02-13 02:35:51

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This is getting absurd. Is the average American buying this bs?

2023-02-13 02:34:49

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“These men are coward, Donny”

2023-02-12 20:15:25

So pumped to see what #Nostr will mature into. Adoption is already 🔥

2023-02-12 20:14:28

You’ll work forever and eat bugs
https://apple.news/A04BTlJPCQUCcO2ZiAydRJw

2023-02-08 02:50:34

GN #plebs and stack harder, or GFY!