You know what would actually be scary? If Bitcoin never has another real bear market; no more chances to stack stupid cheap sats. I’m not interested in timing the market anyway, and I don’t even have 80,000 BTC yet…which, in my opinion, is a good benchmark stacking goal, but if I did have that much, I’d probably be even less tempted to mess around or try my luck trading it. At that point, my biggest concern wouldn’t be price action…it would be security, and that seems to be the case with this recent massive transaction. The coins were moved from a legacy address format to a modern one, signaling a likely upgrade in security and an intent to hold long term. That’s about as based as it gets.

I sure don’t, but I also wasn’t smart enough to think of this question, SOMEONE GET THIS MAN A LINK

Is it? That makes me feel cool then 😎

I’ve been thinking about that 80,000 BTC transaction. At first, it didn’t strike me as major news, just another large movement on chain. But it’s clearly making headlines now. What kept tripping me up was the age of the wallet: was it from 2011, making it 14 years old, or from 2014, making it 11? Either way, it dawned on me that this is a rare, once in a century type of event, just due to the sheer age and size involved. That said, I don’t care whose coins they were or where they went. My satoshis are safe and sound in self custody, and my address is always ready, whether the universe decides to send me 8 sats or 80,000 BTC by some wild accident.

It bothers me that we don’t know, but I guess that’s part of the beauty of Bitcoin🥲

Agreed, I don’t think it had been touched since 2011, but my conviction is unfazed

Good point, I believe it was just moved and people worry that it could be too sell or was a sale? I don’t think people know and that’s half of why people think it’s such a big deal, is it fair to say that the only difference between coins being sold and moved is what occurs on the outside world? Sorry if my post was misleading, I wish I could say it was on purpose to farm engagement, but my brain is too smoov🫤😆 Happy Independence Day!🎆🎇

If I had the money to buy 80,000 BTC, I’d do it in a heartbeat. There’s no reason to panic over large transactions like the one we saw today; the market absorbed it smoothly. In fact, I ended up stacking sats at a slight discount compared to what I expected this week. It feels like everyone’s discounting Bitcoin lately. I don’t care who their mistress is: if she knew they were running around on Bitcoin, she’d be pissed. In her mind, she’s Bitcoin’s favorite maxi. That delusion runs deep. Bitcoin’s first love triangle. The longer my time horizon stretches, the more optimistic I become. As humans, it’s easy to get caught up in daily price action, but the truly bullish signals from this cycle might not be fully appreciated until a few cycles down the road…or maybe they’ll materialize even faster than I imagine. Moments like these remind me that Bitcoin isn’t just a price chart: it’s a meeting point for wildly different groups. It’s the balance point between them. Winter hardened maxis don’t flinch at a dip like this, but some have already dominoed into selling their corn. Bitcoin didn’t panic; people did, and to me, what didn’t happen today says far more than what did.

I’ll forgive you this time, just don’t let it happen again… Haha jk I really like how you framed it, your logic, and I don’t disagree with your reasoning.

Great reply!