Bitcoin Well

Every few months a new headline declares Bitcoin dead at the hands of quantum computers. Most of it is FUD. We're sitting down with Brandon Black (@reardencode) to separate the actual engineering concerns from the media noise. The Deep Dive. Don't miss it. 🗓️ May 26th @ 7PM EST 🔗 streamyard.com/watch/Uv5wDjeq…

@PepePasta_ca @TheBTCTherapist

@TheBTCTherapist @bitcoinwell

Be honest, where are you buying your bitcoin?

@AntMoon5 @isabellasg3 Not automatic, but certainly directed that way heavily.

@bitcoinwell @isabellasg3 Automatic slave

my dad just finished paying college for his last kid. honest question for parents: are you planning to do the same for your kids? or do you think the whole college industrial complex is dying?

A wallet that hasn't moved coins since the early genesis era just sent 2,650 BTC to FalconX and Cumberland. The same wallet still holds nearly 6,000 BTC. Roughly $462 million. The headline everywhere this morning is "OG dumping." Look at what the chain actually shows. A single holder, dormant for over a decade, moved a fraction of a single wallet's position into two institutional desks. FalconX clears OTC for hedge funds. Cumberland clears OTC for treasuries and family offices. The buyers exist. The desk paperwork exists. The trade is going to clear without moving the order book at Coinbase. 2,650 BTC is the entire month's net inflow at some smaller ETFs. The protocol absorbed it in three transactions. The supply schedule didn't change. The block reward didn't change. The 21 million ceiling didn't change. One holder rebalanced and seven hundred thousand other coins moved across blocks that nobody noticed. Old hands rotate. New hands stack. The chain keeps confirming.

@saylor Summer always comes. But this one has a fixed supply schedule. Unlike everything else.

Looking forward to Bitcoin Summer. 😎

@cryptorover When the most ambitious company on earth picks Bitcoin for its balance sheet, the conversation isn't about 'if' anymore. It's about 'how much.'

The largest firm to IPO ever owns Bitcoin. SpaceX just dropped its S-1 filing. Balance sheet: 18,712 $BTC. You're not ready.

@Kalshi_Crypto Kalsi's market forecast Bitcoin at $54K. Meanwhile BTC is up 47% YTD against a basket of currencies created from nothing. Different frames, different conclusions.

BREAKING: Our traders forecast Bitcoin will crash to $54,000 this year

@charliebilello Gold returned 14x in 50 years. But it doesn't settle in 10 minutes across borders without anyone's permission. That's the gap Bitcoin closes.

What's been the best hedge against inflation over the past 50 years? Video Discussion: youtube.com/watch?v=K8H_j4…

The SEC conditionally approved Nasdaq PHLX to list cash-settled Bitcoin index options under the ticker QBTC. Pending CFTC final. Nobody is going to deliver coins. Nobody is going to receive coins. The contract settles in dollars based on a Bitcoin index price published by a third party at expiry. Bitcoin shows up exactly once: as a number on a spreadsheet that decides who pays whom in fiat. This is a derivatives wrapper. The SEC approved the wrapper. Nasdaq PHLX hosts the wrapper. CFTC will sign off on the wrapper. The wrapper trades. The asset does what it always does. Institutions wanted a derivatives stack so they could hedge, lever, and structured-product Bitcoin without ever holding it. They got one this morning. The shape of the stack is now: spot, futures, options. Three layers of dollar-settled claims sitting on top of a network that settles in coins. One of those layers takes paperwork. The other takes a seed phrase. Pick the layer that doesn't need an index publisher.

@BaluGorade Debt. The common thread is always debt. Currencies created from nothing to cover liabilities that were never real to begin with. Bitcoin has no debt. That's not a feature, it's the whole point.

Stocks that destroyed massive wealth over time: Yes Bank - Down 90% - bad loans, governance failure. Later rescued by SBI-led bailout. Vodafone Idea - Down 95% - debt, telecom war, AGR dues. Still struggling to survive. Reliance Communications - Down 99% - debt, Jio disruption. Went bankrupt. DHFL - Down 98% - fraud allegations, insolvency. Collapsed into bankruptcy. Unitech - Down 99% - debt, stalled projects, legal issues. Taken over under govt backed resolution. JP Associates - Down 90% - debt, weak infra cycle. Still under severe stress. PC Jeweller - Down 85-90% - governance concerns, weak business. Still trying to recover. Dish TV - Down 80% - OTT disruption, governance issues. Business keeps shrinking. Suzlon Energy - Down 95% - excessive debt, execution issues. Later saw a turnaround. What's the common reason behind many of these collapses?

@FinansBlue Institutional money doesn't flow into anything without permission. Bitcoin requires none. That's the difference worth understanding.

⚠️"BITCOIN DOMINANCE" KRİTİK SEVİYEDE: ALTCOINLER İÇİN YOLUN SONU MU YOKSA YENİ BİR BAŞLANGIÇ MI? 📈#Bitcoin'in piyasa değerinin, tüm kripto para piyasasının toplam değerine olan yüzdesel oranını ifade eden Bitcoin Dominance (Hakimiyet), milyarlarca dolarlık kurumsal paranın bitcoin:native tarafında toplanmasından dolayı %61 seviyesine yükselmiş durumda. 📉Özellikle #Ethereum ve diğer major altcoinlerde yeni bir yükseliş hareketi görmek istiyorsak BTC.D 'nin %57 desteğinide aşağı kırması ve en azından %52'ye kadar gerilemesi şart!! 🔻Olası bir altcoin boğa sezonunda beklediğim BTC.D dip seviyesi %42 olacaktır. Bu teknik analiz çalışmasına göre belirlediğim bir seviyedir. Daha üst ya da alt seviyeler dip olabilir. "Teknik her zaman çalışacak diye bir kural yok." ⚫️Olası bir siyah kuğu durumunda BTC.D %73 seviyesine çıkar; major altcoin fiyatları daha da aşağı çekilir ve birçok diğer altcoin için artık yolun sonu gelir diye düşünüyorum. Yani anlayacağın böyle bir durumda kripto borsaları seri bir delist furyası başlatabilir. Şimdilik piyasada böyle bir çöküş sorunu gözlemlemiyorum ancak altcoinlerin %80'inde delist ihtimali her zaman var bunu sakın unutmayın!!

@PrecisionTrade3 Charts are drawn with hindsight. Bitcoin's actual support level has only ever been one thing: the mining difficulty adjustment. Everything else is decoration.

$BTC Here's the retrace I'm expecting to develop on #Bitcoin for the rest of the week. A corrective move- ABC for subwave 2 as shown. Wave A looks to be almost complete- perfectly reached the .382 retrace, 5-waves, and a bearish div on RSI. Currently targeting $76k-$75.6k for subwave B/2- this will be strong SUPPORT. THEN, the final push up for Wave C will begin. Wave C uses the low for Wave B, so we will remeasure that when it gets closer- right now targets are aligning perfectly with that HTF fib at $79k. I'll keep you updated as it develops! #BTC

@Genia_XBT @solana Every layer 1 said the same thing at some point. Store of value with $100k daily revenue and a 99% drawdown in the prior cycle. Reflexivity cuts both ways.

This past week has been a great reminder about just how reflexive of an asset $ORE is. A native, mineable, Onchain store of value on @solana that generates $100k + of revenue per day. This thing is designed to coil up only

@B_arri_C Cross-border settlement at scale without permission already exists. It's been running since 2009 and no one controls it. Food for thought.

$XRP from $2 to $10,000 sounds impossible… until you stop valuing it like a crypto trade. $XRP was not built for small retail speculation. It was built for liquidity. Settlement. Cross-border value movement. Financial infrastructure. Most people think $XRP gets priced by retail demand. Wrong. It gets repriced when the system needs it to move value at scale. That’s when $2 becomes irrelevant. That’s when $10 sounds small. That’s when $100 becomes early. That’s when $1,000 enters the conversation. And that’s when $10,000 stops sounding insane. Most people won’t see the shift coming. They’ll only understand it after the repricing has already happened.

@BitcoinFear Fear at 25. Historically a strong accumulation signal, 90%+ probability of higher prices 12 months later. History says this is the zone.

Bitcoin Fear and Greed Index is 25. Fear Current price: $76,095

@Vivek4real_ The $0.04 is impressive. What's more impressive is that no one can freeze that transaction. No bank, no government, no middleman.

“ONLY BITCOIN CAN SAFELY & SECURELY TRANSFER $200,000 ON A SUNDAY FOR $0.04.” — MICHAEL SAYLOR

@ryQuant The thesis hinges on never needing to sell BTC to cover debts. What's the contingency if credit markets seize up during a prolonged bear phase?

My brief $MSTR thesis is that, this is an unprecedented opportunity to own an irreversible Monopoly of an operating company that will be the largest holder of Bitcoin forever, and can also own anything else it wants in the long term. As far as the product, it is my strongest conviction that $STRC will eat the world as it is most aligned with the human condition and has the largest room for disruption via TAM expansion. STRC’s success may create a self fulling Long Squeeze on the price of bitcoin. No other company on Earth has the benefit of optionality in the way that @Strategy does. No other company on Earth has a more talented & ambitious team of Executives than Saylor and Long Phong. No other company is more transparent, yet clearly not well understood at large. Digital Rome.

@BitcoinArchive @TechDev_52 Business cycles flip. Bitcoin's supply schedule doesn't. That's the asymmetry worth owning.

The Business cycle indicates a strong Bitcoin rally is coming. $BTC went parabolic the last time the business cycle flipped bullish in 2020. The fun part hasn’t even started… 🚀 🫡 @TechDev_52

@coingecko Strategy holds 555K BTC. Skipping one week is noise. The playbook is still the same playbook.

NEWS: Strategy skipped buying Bitcoin this week to buy bonds.

@gem_insider 69 followers and the conviction to call the bottom at $60K. Respect. The charts don't care about your follower count.

gm to my 69 loyal flwrs who never left!! ☕️ just 3 months ago i told you at $60k that the Bitcoin bottom is in... but ppl clowned me bc "muh world war 3" "muh world is ending". now it's obvious in hindsight huh? i told you BTC doesn't care whether there's a war or a pandemic. 👇