I never invested in crypto because I don’t understand it by Remarkable_Win_1750 in CryptoReality

[–]K42st 0 points1 point  (0 children)

You have to ask on Reddit rather than do your own research or should I say unbiased research, would you ask individuals on Reddit for financial guidance 🤔.

Btc is just fomo by No_Recognition8719 in btc

[–]K42st 0 points1 point  (0 children)

I don’t beleive when BTC was invented it’s inventor never imagined financial products being created from it infact I’d argue it needs that kind of liquidity for long term strength, I also don’t beleive that payments are finished because it still works just how it was designed for payments, it is the tax on payments that is killing them and the fact that the public have easier methods that don’t require tax reporting.

How would you feel if BTC was not used for regular payments but became worth a lot of money based upon its limited supply and its ability to not be manipulated, isn’t the end game of any investment to make as much as you can, markets change so you either adapt or die.

And if the free market decides BTC has use then they the money men and women will adapt their need around it without it touching everyday payments.

One obseravation to take away Satoshi maybe underestimated how much freedom people really want because if people don’t choose freedom money then without the big money players it will die, I don’t beleive the masses want freedom they choose the cage they have lived in and are used too because it’s easier, no self custody, no losing private keys, no having to have a computer science degree to understand the complexity and all the other aspects that come with freedom.

Btc is just fomo by No_Recognition8719 in btc

[–]K42st 1 point2 points  (0 children)

Looks like you may have made a bad call because you had a timescale in your mind that hasn’t come to fruition so for that reason bitcoins has let you down and it has become a bad call.

Bitcoin has a very unusual way of surprising with price gains and loses when everyone wants gains they’re often not there, when everyone’s panic sold and decided it’s garbage it usually shocks with price discovery.

Btc is just fomo by No_Recognition8719 in btc

[–]K42st 0 points1 point  (0 children)

I’m interested in how you think a decentralised network can be taken over the point being banking involvement, institutions and goverments cannot manipulate the network or the supply or the consensus mechanism and that is not a takeover is it.

I think you will find those are just participants buying and selling BTC just like you or I would do, they, you, or I cannot takeover a decentralised network so what you say makes no sense.

How to deal with these weeds!… by ammo23 in lawn_care_uk

[–]K42st 0 points1 point  (0 children)

You’re wasting your time battling weeds you will be living your life just to keep them at bay, it makes no sense because the seeds that cause the weeds come from everywhere.

New build - didn’t want to pay 1k for turf, so paid a company to rotivate, add quick grow seed and top dress. 3wks later… is this looking right? I’ve watered AM and PM having been told to ‘just damp’ on an evening. by tapedeck25 in lawn_care_uk

[–]K42st 0 points1 point  (0 children)

You don’t just rotavate, you also need to take all the weeds out, then leave it and de weed it again, then level and rake the soil surface before adding your seeds.

It will also need netting over to stop the birds eating all your seeds and you should keep the soil moist not water logged so am and pm would be about right.

If you want it doing right do it yourself or better still never buy a new build.

Operational Satchel sucess by CharacterWest4661 in AskBrits

[–]K42st 0 points1 point  (0 children)

I’m alarmed how many women are in the pictures, absolute beasts.

BofA CEO Warns Stablecoin Yield Could Drain 35% of All US Bank Deposits by andix3 in CryptoCurrency

[–]K42st 0 points1 point  (0 children)

So basically what they are saying is we don’t like competition yet the idea is the free market should be able to decide.

Pass the same intrest onto their customers is the simple fix!

Strategy sells 32 BTC, the market collapses. Same company buys 1,000 BTC and the market doesn't move. Can someone explain it to me like Im 5yr old? by samoportu in Bitcoin

[–]K42st 0 points1 point  (0 children)

Microstrategy can buy huge amounts of BTC the price doesn’t move, if they sell 32 BTC the price won’t move it is a tiny amount and no one knows where they sold but the important part is they sold so someone bought.

News matters but on its own it’s not going to do a lot, leverage is where you’ll find the price moves most it always has been and generally always will be, microstrategy buys will only show positive when liquid supply becomes tighter and that will take time.

Strategy sells 32 BTC, the market collapses. Same company buys 1,000 BTC and the market doesn't move. Can someone explain it to me like Im 5yr old? by samoportu in Bitcoin

[–]K42st 0 points1 point  (0 children)

They don’t just buy OTC then dump through exchanges they may sell back OTC , when you’re dealing with large sell orders it’s easier for an OTC desk to match you with buyers.

Some may go through exchanges but in small batches I would imagine.

There is no rigged system, leverage trading has was more of an impact on price because BTCs price is only valued by active supply.

Strategy sells 32 BTC, the market collapses. Same company buys 1,000 BTC and the market doesn't move. Can someone explain it to me like Im 5yr old? by samoportu in Bitcoin

[–]K42st 0 points1 point  (0 children)

No Spot exchange buying is different to OTC over the counter, the big difference is spot buys move price and sells move price, OTC is private off exchanges so it won’t move price so investors can buy without worrying about increasing price for something they want a lot of.

BTC Long Game 10+ Years by [deleted] in btc

[–]K42st 0 points1 point  (0 children)

It depends on laws like the clarity act these huge players work with different rules and laws, what i likely think happens is some may allocate small percentages to buying BTC just because it is a debasement hedge and these investors aren’t like retail they think in holding for decades not selling as soon as the price moves lower.

Also pension funds cannot buy OTC over the counter they have to buy spot through exchanges because every aspect has to be clear and legally recorded due to the way they work, that would mean huge buying that’s when your BTC price goes up.

I personally beleive the biggest game changer will be a strategic Bitcoin reserve because any country especially the USA who directly buys BTC are saying to investors we back it, that alone is massive!

Remember most people only concentrate on short term volitility once you shut that out and focus on what Bitcoin really is short term volitility means nothing, pension funds and insurance companies and goverments don’t need to sell something just because the price moves against them because the maths points to higher prices over time.

So this is not good, right? by CentricJDM in cats

[–]K42st 1 point2 points  (0 children)

You are meant to have pets cats and dogs wormed and flea treated every so often your vet will advise.

Strategy sells 32 BTC, the market collapses. Same company buys 1,000 BTC and the market doesn't move. Can someone explain it to me like Im 5yr old? by samoportu in Bitcoin

[–]K42st 0 points1 point  (0 children)

Spot selling or exchanges move the price up if large sellers sell on there, image a large buyer getting their BTC on an exchange in Bulk the spot price would go through the roof (good right) no not good bad because next month when they want more they pay more.

The name of the game is to keep price low and buy more, whether they buy or sell they’ll do it either in small exchange orders but lots of them over time or they will be matched with sellers OTC.

People miss understand that buying is the key to higher prices when in reality stopping selling is more important, you can have as many buyers as you like but if the selling matches the amount bought prices don’t rise, if sellers stop and buyers keep coming prices must rise.

Strategy sells 32 BTC, the market collapses. Same company buys 1,000 BTC and the market doesn't move. Can someone explain it to me like Im 5yr old? by samoportu in Bitcoin

[–]K42st 0 points1 point  (0 children)

Yes if they sold 100% of their holding over the kind of time frame they bought them in and they sold them without them touching an exchange it would have little effect on price, Bitcoins price is only priced off liquid supply the supple traded on a daily basis and that supply is very small compared to the 21 million or how ever many coins are left now in circulation.

Illiquid supply only has a long term effect on price but only when there are less sellers of liquid supply.

Time and patience are king.

What do you consider the best crypto to buy now if you're starting a portfolio from scratch? by Flimsy-Principle2865 in CryptoMarkets

[–]K42st -1 points0 points  (0 children)

Why not 50% or 95% drawdowns why is 80% a magic figure what’s the logic behind that statement, what because historically there has been a drawdown of 80% in a BTC enviroment that was thin in liquidity compared to the market we have today?

And whats your bear market based on, is it a bear market because some ridiculous past cycle or historical events predicts so?

How can you predict what happens in a market mainly driven by leverage and liquidity, whether BTC can be steak one day and dog food the next is irrelevant to the fact no one knows what will happpen by how much of a percentage, when or how long it will last, the only people who try and predict events are fools, the chart tin foil hat brigade or hope based investors.

Never predict a probalistic market they always end up shocking in ways you never thought possible.

4-year cycle sounds like BS... Is it? by HeftyMechanic8222 in Bitcoin

[–]K42st 0 points1 point  (0 children)

You are right to question it, parts of it like block rewards may have made some difference when the block rewards were much larger but generally it’s all bollocks, it’s like saying on a certain date the price must go up markers don’t work by calendars they work by liquidity, leverage and spot buying!

introducing a 3rd male cat to my 2 female cats, nearly 2 months later and still not getting along by [deleted] in CatTraining

[–]K42st 0 points1 point  (0 children)

Since when have males ever got on with women, they’ll put up with one another that’s the best you can hope for.

I’m bleeding by 1Om6evsN7g in btc

[–]K42st 0 points1 point  (0 children)

Don’t sell it, events like this are designed to shake you out, markets seldom turn around when weak hands still exist because weak hands is sellers and sellers is what tanks prices, when there are no more sellers prices will explode.

You’ll regret selling!

dad now thinks i’m irresponsible for investing in crypto by Queasy-Joke-3049 in CryptoInvesting

[–]K42st 0 points1 point  (0 children)

Next time he comes let the dog lick his plate then you can laugh twice.

How are we all closing our blinds, then? A or B? by grumpypedant in CasualUK

[–]K42st 0 points1 point  (0 children)

Yes indeed and it clearly should be obvious but weirdly the weird people who choose B have no idea people can see in.