BTC

_speedoflight_

OP is a certified BTC investor

H8ckt1v1st

I buy many services with BTC, dinner, electric bill, utilities, etc. Hotels, etc. HODL is a different topic

MF_Price

You're not the only one, but you are definitely in the minority. I can't think of a reason to spend BTC unless you're getting paid in BTC. For me, aside from the fact that I would just rather have the BTC than the fiat, I don't want to have to account for every single transaction as a taxable event. How do you manage it?

EdwardPotatoHand

I have my BTC savings account which im holding for retirement, then i have a shorter term btc account thats hot, that i have as an emergency fund ready to go if i need it..

jermtnman

I hear ya, that’s true in my case as well. Things are getting better though and there are getting to be more and more businesses accepting BTC all the time, If the use case is what you’re looking for other than just wealth preservation from not being diluted like fiat.

zante2033

They mean BTC will fork to a shit coin form, perhaps many times, in the name of security.

Gnasher01

I’m buying £200 a week till I have 1 bitcoin. Currently have 0.082 OF BTC.

Present_Let2487

Having to think about capital gains every time you spend BTC does make it harder to use as everyday money. A small, consistent exemption for ordinary purchases would make more sense than treating every coffee purchase like an investment sale.

RevenantHaunter13

If the CIA had created BTC, you wouldn't see people being able to use it in an uncensored way, and also, people wouldn't be able to be anonymous at all. If you're smart, they can't get you.

RetiredAvocado

There's no reason to use closed source Exodus. No reason to move lots of BTC to your phone hot wallet. No reason to use a device that came out 8 years ago. Especially if it's malfunctioning with pin entry. Trezor Suit ain't perfect but works fine.

Easymacsauce

Block stream Jade if BTC only.

aggravatingperusal0

The obituary count is basically a cycle indicator now. Every time this meme comes back, the BTC board on Moon starts getting interesting again. Same funeral, new candles.

jermtnman

Peer to peer doesn’t have dollars as a go between. Or peer to a business that takes BTC as payment.

ediblefrederick5

It would take a real global use case plus years of trust, not just faster tech. Until then BTC still sets the mood, and the cleanest Moon calls usually show up when dominance and price move together.

quackjoseph987

That chart says more than a thousand inflation debates. When USD EGP keeps climbing, even a simple BTC direction on Moon starts feeling like a live read on local currency confidence.

Ferdo306

I'm balls deep into crypto But I don't know a single person using crypto on a daily basis. As opposed to LLMs which everyone uses including my 70y old mom. To be fair, she also holds BTC and ETH so perhaps she's not a benchmark

HideousPairing7

The tribal stuff got old years ago. When BTC starts moving, a clean Moon call gets both camps staring at the same candles anyway.

Citizen_Kano

On BTC

NothingxGood

$1 million BTC late 2030s. Take it to the bank - I mean hardware wallet. I’ll be blasphemous and also mention that Strategy and Strive will be unbelievably successful as well.

FuckTwelvee

Nah, lemme know where I can pay bills or buy goods with BTC. I’ll wait. Actually keep waiting.

Aggravating-Map-293

I have a hard time understanding why the cycle is still relevant. The numbers around BTC sales are bigger than the annual block reward now. Shouldn't that make the cycle dead?

Veganarchyst

You need to hold for at least 10 years 2 years is rather pointless to look at selling Also, borrow, don't sell You will regret losing your BTC for a single impulse sale

cryptokeyhole

Not much brewing from what our node sees (disclosure: this is the CryptoKeyhole account, we run an on-chain data site). Total fees on Saturday were 2.01 BTC, the second-lowest full day in the last 40, and the median fee per transaction has been about 18 sats on most days since the 19th vs 39-42 sats the week before. The mempool did fill up a bit today, around 44k txs vs 36k yesterday, but its median fee rate is still only about 0.13 sat/vB, so it's mostly cheap transactions waiting rather than a fee spike.

Darkpriest667

The problem with the paper trading is we know how many there are, we know every address. If the trades start showing as more than the actual number of BTC available questions will be asked of those institutions. Technically it's already happening with the longs and shorts -- lucky for us the gamblers have been liquidated a significantly higher rate than their regular stock market liquidations.

L4gsp1k3

China alone will not kill BTC, but if the whole world regulates BTC and restrictions will eventually make it so difficult to exchange it to fiat, that it will exist as a collectible with value way lower than now. BTC is dead in China, you can't exchange it to the RMB directly

daily-trader-365

Yes , dead, now there is millions in synthetic BTC because of futures and options

Admirable_Wolf5207

Agreed think midterms and invalidation of 4. Yr cycle bottom theory will be catalyst for next move up both are ankle weights on BTC rn

Darkpriest667

As long as individuals buy, move it off of the exchanges, and hold it the price will continue to rise. It's a simple math equation of scarcity, Sure the big institutions can buy and sell in larger volumes in single strokes, but the slow steady adoption of individuals will continue to make the asset more scarce. Scarcity and decentralized validation of transactions and wallets is the entire principle behind BTC. They cannot change that. God help them if they ever sell and that volume gets eaten up by individuals. They won't be able to buy low again.

Alexander-305

I don't think it's dead, but I think the halving is a much weaker driver than it used to be 🤔 The supply math explains it. The April 2024 halving cut the block reward from 6.25 to 3.125 BTC, and with well over 90% of all coins already mined, each new halving removes a smaller slice of fresh supply than the one before. The 2012 and 2016 cuts hit a market where new issuance was a big share of daily flow. Now one day of spot ETF inflows or outflows can dwarf a day of miner issuance. So what's left of the "cycle" is mostly a liquidity and positioning cycle: rates and dollar liquidity, leverage building up in perps, then a flush. That can still look like boom and bust, it just won't keep to a neat 4-year calendar. What I'd watch instead of halving dates: - Funding and open interest, because crowded leverage is what turns a top into a crash. - ETF and stablecoin flows, since that's where new money shows up now. - Macro liquidity, since BTC has traded more and more like a high-beta macro asset. If anything, cycles probably get longer and flatter rather than disappearing 📉📈

tenor_tymir

Sure, we’ll see how bad it really is. It might lead to BTC crashing to 200k.

tenor_tymir

Don’t underestimate human greed. The halving event, even though a nothing burger, has people thinking the price is going to go up, so roughly a year prior, people start to buy in up until the halving date. Crypto media is inevitably going to push the halving narrative because they have nothing else to report than BTC is doing what it is doing, blocking along like the champ that it is. People are going to buy, sell off, buy again and then sell off again, landing us at the end of 2029 at another steep decline of 40–50%. I’m not saying that’s what’s gonna happen, but that’s what’s gonna happen.

Historical_Task_7100

see your point, and I agree that Bitcoin’s use for large, cross-border payments is far more relevant than buying coffee. But there’s still a major obstacle: taxation. In many jurisdictions, spending appreciated BTC can trigger a taxable capital gain, even when you’re simply using it to buy a car or real estate. So you could end up owing tax just for using the asset as money. In my country, for example, the tax on crypto gains increased from 10% to 16% in 2026. It is still managable but... My concern is that as governments face growing fiscal pressure, the tax burden on realizing gains could increase further, making people less willing to spend BTC and more inclined to hold it. That creates friction for the very payment use case you’re describing.

kgsphinx

The responses here clearly show people genuinely don’t understand the way Bitcoin works, either SHA 256 or ECC private keys. SHA256 has demonstrated a reliability to serve as a hashing algorithm. It distributes values evenly over a 256 bit space when fed a set of input bits, and it is not reversible. It’s an egg scrambler and it does it nice and consistently. It is certified to do this, and if there was a problem, that wouldn’t crack Bitcoin. It would only make mining it a little unfair for people who didn’t know the hack. The reversal of public to private keys is large discrete log problem that people theoretically believe is possible with quantum computing. I assume Chamath is saying AI will help advance quantum computing somehow. BTC uses the secp256k1 elliptic curve. It would currently take 2 to the 128th power ECC computations to guess a private key from a public key. Even parallelizing this with a billion CPUs that could do a billion ECC computations per second, it would take 11 trillion years to crack a key. Will quantum crack Bitcoin soon? Probably not, if you paid attention to the last OP\_NEXT conference. Not to mention every quantum related company that I’ve seen has either pushed off its goals several years or gone bankrupt.

Blackfish69

That’s fine and dandy. My point is that if that is the only way to $1mil you’re really limited to cheering on the end of the modern world. I disagree that that’s a requirement for a pricey BTC. Also, a much better runout if it doesn’t play out like that.

Enough-Possession-70

You bought your first Satoshis and you now got 4839. That's not even 1 milliBTC (mBTC), its just 0,0048 mBTC (1 mBTC = 0.001 BTC) #NotAddingMoreIsntAnOption

JimmySki6166

Have never used BTC for any transaction, just purchase and hold. I’m trying to accumulate as much as possible to pass onto my daughter, so she doesn’t struggle after I’m gone

beershoes767

Not really. If BTC chops sideways for the next 2 years you would have doubled your $$ in xbci

HeyItsTimT

Sure, but the same argument can be made for the dollar. 1USD=1USD just like 1BTC=1BTC. We don’t think of the dollar in this way until you look at its purchasing power over time. The dollar has always gone down, and BTC will continue to trend up.

Icy-Chemical6699

As it’s always been it’s up to the people to decide what they will accept as payment…BTC value comes from the expectation of worth…the 99% of people just want to be able to go to the store and live in their own home and take the kids to Disney or whatever it is they do for fun…early btc value was captured from illicit markets like drugs and as the idea of internet money became more normalized average people were buying it and that investment risk paid off to the moon. Big money hears and starts to takes notice bc that’s their game. They start hedging and governments want their piece so they start creating regulation…it snowballs from here. It’s a store of value,a payment system, but most of all it’s acting like an inflation exit strategy… it’s ledgered and now with kyc, controlled enough to let the government take it /track it / manipulate it - to the best of their ability…but since it’s world wide it’s making all the controlling bodies of the world fight on the same playing field…the only way btc looses is if the trust /faith is broken…maybe quantum, maybe satoshi coins start moving, maybe Elon decides he wants to ruin saylor and goes to war on btc…anything is possible but it seems way more likely that AI demands digital and blockchain is here to stay. As always, it pays to be first and btc is the Xerox of digital currency

MrMoo151515

You’re absolutely correct and I agree with you. If the end game of BTC remains a store of value and an investment vehicle to be paper’d over in the existing credit system or some other alternative it will fail. You see it all over the place. People will cherry pick all of the properties of BTC that makes it sound money and then go on to explain why that makes it a good asset class or investment vehicle. It’s quite contradictory. The most important metric in Bitcoin is Adoption. And unfortunately the biggest initial adoption metric is number go up in terms of Fiat. Bitcoin adoption isn’t just the amount of people that own it. It’s the amount of people that own it and use it. The amount of businesses that receive it. The bigger that number gets the better. Ideally we reach past the fulcrum point where people want to earn in BTC. And companies preferred to be paid in BTC. The world where everyone earns, spends, and saves in BTC is a bumpy road as it will be met with insane amounts of resistance. So unfortunately, adoption is number one metric. Biggest driver of adoption is number go up. It will take a long time for the FIAT credit system to run its course, and people will get “rich” along the way utilizing BTC as an investment vehicle for more FIAT, but eventually those games will run dry as well which will push people towards the real purpose of BTC and not the games on top of it.

jojowhitesox

I'm in my 50s, man. I've been holding for over a decade. BTC is not my retirement fund. It was meant for a wild investment separate from my 401k and other savings. Investments are meant to be realized eventually...and that what I do. Sitting on an investment that has increased significantly to the day you die does you no good. Is saving for the future important? Absolutely. But so is living life.

VettaQ

Three observations is not a distribution. Conditioning on 'exactly 535 days before the halving' selects three points on one asset's price path, and a median of n=3 is just the middle of those three numbers - it carries no dispersion information at all. The way to test the halving-cycle claim is to define it before looking: pick the window, the decision rule, and then count how many 535-day windows in BTC's full history rose over the following stretch - there are thousands of overlapping ones, most tied to no halving at all. If the pattern only shows up when the window is anchored to halvings and not to arbitrary dates in a similar trend regime, that is a finding. Otherwise it is a story about three numbers. It also helps to separate the two claims being made: 'higher by halving day' is a weakly testable path check, while '\~$228K' is a level extrapolation, which is not a statistic at all - just arithmetic on a median of three.

MintTrappe

cracking BTC's cryptography and/or getting access to the 1M+ BTC in long-inactive wallets with exposed public keys

TheBigLR901

Ask your favorite AI. The step-up in cost basis on inherited BTC may be a huge plus in some cases. IRS also treats any BTC as long term investment when you receive, could be lower tax during a taxable event. If it was from a retirement account there are different rules not to your favor. Also could be considered part of the estate and taxed, but only if the estate is over $15M.

Historical_Task_7100

I’m heavily invested in BTC and believe in the thesis far beyond speculation. I haven’t sold a single sat since around 2019. I’ve only added through lump sums and consistent DCA. That said, I honestly don’t find either of those endgame scenarios plausible: universal adoption as a form of payment alongside fiat, or Bitcoin completely replacing fiat currencies. I think its role could evolve into something else entirely, particularly as a global, neutral, scarce asset and a store of value outside the traditional financial system. And I agree that 2028 is an arbitrary horizon to judge that thesis by.

enpoopification_of_R

You've been in the game for a while. How often have you used BTC as a currency/to buy things during that time?

IlbColdOnes

Bullish that BTC will outperform other asset classes by exactly 80x over next 10 years. Thank you,

RealLilacCrayon

Someone said the 3$ missing is fees but that may not be true. Stop thinking about dollars. If you have Btc then check how much you bought. 350usd is roughly 0.00437 BTC. That’s how much you have. It’s like saying you bought 100k worth of a car and now you only own 70k worth of a car. You bought a car, and you still have that car. Its value changed.

FuckTwelvee

Keep waiting on BTC as a universal payment.

rexaruin

My prognosis: it will outperform the stock market (index funds, not all individual stocks) and real estate over the next 10 years. I sold my rental property last year to buy BTC-adjacent assets. That’s how bullish I am. Real estate in particular I think is going to go through a rough 5-6 years. Flat to declining appreciation and rent growth. COVID basically sped up 10 years of appreciation into 2, it needs to come back down to reality. No crash, but slooooow to no growth for the next 5-6 years. Basically, income has to increase enough to make current housing prices affordable with normal interest rates, that’s going to take years. As for long term BTC, we have never had a fixed supply commodity in history. I expect some massive price swings, but it’s going to take longer than people expect (20+ years) to really catch on and become mainstream.

kevin-creates

Just watch... Chamath will be yet another BTC Mega-Bear to eat his words in a few more years and look even more like a fool than he does today, spouting this nonsense on podcasts. I'm actually surprised that Peter didn't push back more on him. Peter is a pretty big bull on BTC as far as I know. Am I wrong? Funny to have this podcast come out the same week JP Morgan Chase released their report on BTC and their 180-degree about-face.

Dapper_Broccoli_1643

The government backs those. Bitcoin is not backed by anything. So if ur BTC is stolen u can never get it back. With a bank you can.

Sprunklefunzel

Bitcoin has no top because FIAT has no bottom. So yeah... divided between wanting my BTC bag to appreciate, but sad that it probably means lots of poor people who had no way to save up in hard assets will get wiped out. Bullish with caveats I guess?

Ok-Neighborhood-15

BTC is old bro, new technology is right on the way. Remember my words.

tenor_tymir

20BTC easily turns into generational wealth in the next 20 years.

tenor_tymir

You think with 99% supply in circulation and the US building a strategic BTC reserve, it has *not* matured yet?

JimmySki6166

I agree! I purchased 20 BTC in 2020, been holding ever since and adding to it weekly! I’ve been up and down like you said, but never under the price I purchased for. I’ll pass them on to my daughter!!

tenor_tymir

I’m 100% in BTC, it’s my retirement. Meaning, yes, I am super bullish. BTC is the only asset i can understand, the stock market is illogical and fraudulent.

braamdepace

Lots of places you can use a BTC credit card.

TheRadishBros

Every 4 years the block reward for mining BTC halves.

cipherjones

If I bought a $80,000 worth of S&P the first time BTC popped 80k I would have $102,000 right now. I would have half a million in 2039. At the current bitcoin price action for the past half decade it would only be $180,000. So gambling.

Ok-Neighborhood-15

I'm from the future and BTC is dead in 10 years. Thank me later

Aggravating_Wrap6763

There will be individual stock that will outperform BTC, but these will eventually subside. BTC will have a longer lifespan than probably most individual stocks.

Legitimate-Net-7744

I believe that Bitcoin will you give 2x more returns than stock market over every 4years for next 2 cycles. With Sp500 you 2x your money every 7years. It means I hope to 4x BTC during those 7 years. 4x gives my good early retirement option.

Sudden_Onions

They also said it's too volatile to be recommended as part of an investment portfolio. Here's what I don't understand about their analysis. They seem to be suggesting that BTC will become a more attractive safe harbour due to global uncertainty elsewhere. I haven't looked into the nuts and bolts of that, but I'd hazard a guess that they're predicting trouble in the stock market if/when the AI bubble bursts and we realise we don't the equivalent of Google, Ask Jeeves and Yahoo for AI. On top of that governments are trying to cut their debt levels which is making bonds less attractive. If you can't put your money in bonds or stocks, where do you put it? BTC ought to be one of the answers to that question. So, if JPM are correct, why isnt the price steadily rising already? Is this just too long term for the market? Is there money to be made on other investments before making that switch?

Forded_Fiction24

I'm very bullish on bitcoin that doesn't mean I don't see the advantage of diversification.  Bitcoin is a long-term play. Short to medium term volatility is unpredictable. Individual equities are a lot more predictable and transparent with quarterly earnings reports along with fundamentals that can be tracked and educated guesses can be a little more accurate. For this reason I invest in equities over the short to medium term and then take profits on gains and rotate them into BTC for the long haul.  Ironically, I hold much more Bitcoin now because I didn't just invest in Bitcoin. I fund my Bitcoin through profit taking on other assets. Holding only Bitcoin is financially limiting due to this reason. Different investments have different time horizons for return on that investment and we all know Bitcoin is a longer term investment.  I've spent some back in 2021, wiped out my debt. I've continued buying since then restocking what I sold for cheaper, and the rest I'm holding either for a retirement or to pass to my kids

Crowdfundingprojects

70% all NW very bullish. But that may be either due to early investment or calculated retention of the NW in BTC. I am assuming you are entirely comfortable at the moment with that part being BTC. Do you have a fix sell ceiling you intend to sell your non-inheritance portion at?

Fangletron

What do you mean eventually?  All the systems that are being used for hot or cold are being hacked or have been hacked.  Now the hack he is talking about is allegedly only possible by Quantum in 2030 so that means the Believers need to harden BTC asap.  How’s that going? Also, the Great Hack will come first.  The Great Hack will take out all institutional investing, local payment systems and underlying global internet network in general.  This will decimate financial and business systems for months or longer.  

Hazys

For me is trying to withdraw back my initial investment on BTC. Once I get back. The rest still inside my BTC wallet are just Free money , money working for me. Cross my fingers I can hit the target. Of course I can no need withdraw. As I still have money elsewhere to spend for daily need , bills etc. Have to depend along the way. As we never know the future.

AutoModerator

Post is by: sylsau and the url/text [ ](https://goo.gl/GP6ppk)is: https://inbitcoinwetrust.substack.com/p/the-quantum-clock-just-jumped-forward **The Quantum Clock Just Jumped Forward—And Nobody’s Talking About It.** 🚨💻 While the public debate over quantum computing "FUD" went to sleep, the mathematics of attacking Bitcoin’s cryptography did something unexpected: It didn’t just creep forward. **It sprinted.** 🏃‍♂️💨 Over the course of 2026, a quiet convergence of frontier cryptography and autonomous AI coding agents has completely slashed the mathematical requirements for breaking `secp256k1` (Bitcoin’s elliptic curve). **Here’s the wild reality of the Quantum vs. Bitcoin race:** 1️⃣ **The Algorithmic Crash:** Modern estimates used to state that breaking Bitcoin’s cryptography would take \~2,300 logical (error-corrected) qubits. Google optimized that to 1,175. In the latest ECDSA(.)fail study by Jieyi Long, AI agents helped push that requirement **below 900 logical qubits**. 📉 2️⃣ **The Hardware Promise:** IonQ’s recent full-stack analysis estimated that breaking a Bitcoin private key would take roughly 20,000 physical qubits. Yet, IonQ’s official roadmap targets 20,000 physical qubits and 1,600 logical qubits by **2028**. 🗓️ *Yes, just two years away.* **Is this the end of Bitcoin? No.** A corporate roadmap is not an active cryptanalytic weapon, and continuous 26-day fault-tolerant runs across 20,000 fragile qubits remain a massive engineering challenge that traditional titans like IBM and Google estimate will take until 2033+. **BUT, we can no longer ignore the speed of the math.** Because upgrading a decentralized, multi-trillion-dollar protocol without causing panic takes 5 to 7 years, the clock is ticking for Bitcoiners to begin preparing. I just broke down: 👉 Why AI and open-source research slashed the math in months. 👉 The "Physical vs. Logical" qubit gap & the real danger of IonQ’s 2028 timeline. 👉 Why modern hashed addresses (`bc1q`) are safe—but 6.9 MILLION BTC are sitting in an exposed bullseye. 👉 The roadmap to a post-quantum Bitcoin (and what you should do with your own keys right now). **Don't panic—get informed.** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Hazys

Better buy now. Last time I still a noob only know how to play , having fun never know about BTC. I already miss the boat. Thus this time I will not. Those in early 2000 into BTC already profit a lot.

Ok_Knowledge_4977

I think the bombing of Iran is about to start hence BTC is dipping over the weekends?

baked_jake

all I do is stuff my self custodial wallets with BTC and sleep easy

tenor_tymir

Depends on what crypto you’re trying to move? If it’s BTC you have some good choices with Blue Wallet, Blockstream BTC Wallet or Electrum (for Android only). If it’s about shitcoins, I would not trust a single hot wallet out there, the attack surface is huge when connected to the internet.

maxglan123

I don't think it's luck. This address got 5 of the 301 blocks mined between the first of these and the last, which is about 1.7% of the network, or roughly 18 EH/s. A miner that size finds 2 or 3 blocks a day, so 4 in 20 hours happens about one day in four. It shows as unknown because the coinbases carry no pool tag at all, only the block height and an extranonce, so [mempool.space](http://mempool.space/) has nothing to match against its list of pools. The more interesting part is where the money went. Block rewards can't be spent for 100 blocks, and the first one was spent within hours of that wait ending. It was swept together with 107 small coins from 86 other addresses into a single output, sent to bc1qfuq4ld6arx2nhfdrazxj5fk3hvdwm84hqsat42. That address has moved about 7,700 BTC across more than 1,300 payments. So this isn't someone's garage rig. The rewards land in a wallet that handles a lot of other money too, though that still doesn't tell you who it is. And no, there's no way to tell from the chain. A block records the payout address and whatever the miner writes into the coinbase, and nothing about the hardware. 18 EH/s is also tens of thousands of machines, not one. All five blocks use the same address and the same coinbase layout, which points to one operator or one pool's software. A pool that pays everything to a single address would look exactly the same, though.

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Post is by: sylsau and the url/text [ ](https://goo.gl/GP6ppk)is: https://i.redd.it/0jyi9g1v2kxh1.jpeg **Bitcoin is 535 days from the halving.** The last 3 times BTC was exactly here, it was higher by the halving day. Every time. * 2015: +185% * 2018: +100% * 2022: +222% Median: +185%. **From $80K, that’s \~$228K by April 2028.** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

0a0d0s0

Good points, and the growth one is fair. Even the Conservative preset gets to $1M by 2045, so all three presets assume Bitcoin keeps growing. You can type your own peak prices in though, so I ran your pessimistic cases. $3k a month for 30 years: Keeps swinging 50% but never goes above today’s price: about 36 BTC Swings but only tracks inflation: about 25 BTC Baseline preset: about 3.5 BTC So yes, the whole answer depends on growth. That’s probably the most useful thing anyone can take from it. On expenses, it does raise spending every year with inflation (2.75% by default, and you can change it), but you’re right that it doesn’t model a jump in medical costs later in life. The best you can do today is plan with a higher spend or a higher inflation rate.

SingularityXZ

Kids, to flex how rich you are, always buy BTC at the top and sell at bottom. This is a mystic art that has passed down to generations in secret societies.

Rainbowfartsss

All assets works as a escape from FIAT. Thats how its always been. For the rich, money has always been viewed as a medium of exchange. That is not a new thing that BTC brought to life.

BowDown2No1ButCrypto

I would also like to first give you my condolences on the loss of your father OP! Now to the advice on what to do with your newly inherited BTC. Listen to this redditor right here! This person has given you the most solid advice anyone could possibly give you. Me personally, I'd hold onto the BTC for the long-term! I don't know your age, but if you can hold onto it for at least the next 5-15 years, you'll have something that'll increase in value and be worth much more than US dollars even more valuable than it already currently is! Let's say if you have $100K worth of BTC right now, in 5-15 years it could be worth $500K-$1 million dollars. Your father was a very smart man, and I'm sure he was trying to set you up to be much wealthier than you currently are, and if he was still here and was able to give you the best advice, he'd tell you exactly what this person has just told you. I encourage you to do some research on the past, present, and future of BTC! Best of luck to you OP.😉🫡🙏

Romanizer

I am not Satoshi so that's not my concern. However, it's not wallet but wallets. Around 20,000 wallets with 50 BTC each. If we assume that a cryptographically relevant quantum computer is able to crack one key per day, that would take 60 years. Assuming they don't do anything else with it and the governments of the world believe they won't crack their encrypted communication.

EarningsPal

Don’t worry, that Indian billionaire just said ai will hack BTC and it will go to zero. That is the buy signal.

Sin-City-Sinner

And like I said, I have been banned from this Sub for talking about other assets, but what I said was not even bad and there were plenty of other people making comments that were more descriptive than mine but hey, it’s the number one BTC Sub so I just follow the rules. I don’t have to understand why they are. I just follow them because I appreciate being a part of this community.

Nidcron

I don't like doing stocks on my own, I'd rather buy and hold which is what drew me to BTC. I'll let some other guy take some fees to trade my stocks, otherwise I'll just hold them bags.

SomeonesSecondary

I faintly remember doing that many many moons ago when I thought BTC was just a stock that goes up and down…

JackofDiamonds732

Big BTC believer here. Butttt, If the system collapses you’re gonna need bullets more than any kind of currency

ellis1884uk

Well my 6 and 2yr old both have 21 BTC each, so you tell me…

Occams_ElectricRazor

No matter what you do, when you send the first transaction, make sure it's a VERY small number to make sure it goes through and you did everything correctly. I've heard of people sending all of their BTC in the first transaction and mis typing the address and it's gone forever. 

Efficient_Range1156

Get to 1 BTC

r2k-in-the-vortex

"Bitcoin being decentralized would make it more difficult to “shut it down”" You are understating it, Bitcoin is specifically built to prevent any sort of authority shutdown. What can be done is a fork, everybody agrees that the AI cracked BTC was crap, so lets carry on with a fork from before the crack, change some rules to prevent a new incident, whatever. Technically should be viable. I kind of doubt the pricing of bitcoin would survive that incident though. If it happens once, you are not going to regain trust by simply saying that we'll turn it off and on again.

captain_baratheon

Measuring BTC in fiat terms is a little ironic

ABahRunt

Proud of? Of course Retirement stack? Extremely unlikely. I don't think BTC is going to have inflation beating growth anytime again. Probably will just stay a store of value

CyanDew

imagine having just 10 percent of one whole Bitcoin. 0.1 BTC is roughly one out of 210 million pieces to ever exist.

drparapine

Time is more important. There are probably older bitcoiners who would trade 100 BTC just to be your age again. But manage to hold onto and not sell that 0.7 BTC, and by the time it’s your turn to retire, maybe you’ll even have enough to never sell it and just give that 0.7 BTC to your kids.

AtomicHurricaneBob

Even better, 1.1 BTC.

Reggi5693

Bitcoin, in the US is handled like any other inherited asset. Note the price on the date of his death. This is your cost basis. If you sell it today, you would pay taxes on the difference between today’s price and the cost basis. So, that is the good news. The second issue is where is it. If it is on a cold wallet, like a trezor, you will need to move it to an exchange to sell it. So you will need to open an account at a place like Coinbase. Link your checking account. Transfer the bitcoin to your “coinbase” account and sell it for dollars. Keep in mind, exchanges may be suspect of you dropping 100 BTC (I hope it’s that much) and selling them right away. You might want to check with their customer service department to understand their “know your customer” and “hold” practices. If you are moving large amounts it will attract attention: Attention from the IRS, attention from your local bank, and God knows who else. Keep very thorough and clean records. Pay whatever taxes you might owe. Don’t try to get “sneaky.” You are not as smart or crafty as the IRS or state tax folks. Being “cute” with the rules when dealing with big money (even if it’s just big to you) will end up costing you money. If you don’t want to hold a bunch of BTC, that’s fine. I think you should have some. But the key is that this is found money. If you are in the US, your tax liability should be pretty low because the basis has been stepped up. Finally, if it is a LOT of money you might trigger some inheritance tax issues in your state. I know in MA it would not take much to bump up an average household to near inheritance tax levels. Good luck with this. Thank your dad for leaving this. It’s not ”complicated” when you break it into bite sized steps.

Honu_Daze

You’re damn skippy - when it comes to BTC we are still early! Def regrouped, applying what I learned & am made immediate corrective course :)

mrpotatonutz

Meet the new FUD same as the old FUD “AI hacking BTC” is a ridiculous phrase, it’s just going to “hack BTC” last time it was Quantum computers

DrSpeckles

More than that it assumes it’s going to grow at all, and not decline slowly over time, which I think is more likely. The chance of it being around in 30 years are pretty close to zero. Maybe some crypto but too many flaws for it to be BTC.

No-Anybody2826

If he exchanged his Bitcoin holdings for BTC ETFs or stock in a company that holds his BTC, his investment is not shielded from a future Bitcoin hack. So more smart BS from Chamath