BTC

Wendysmanager24

Here we are ON THE BRINK of reaching NEW ALL TIME HIGHS folks. The bears were wrong yet again, and after many months of crabbing and establishing a new foundation near the ATHs of the last cycle we broke through to 100k and are witnessing history unfold right before our eyes We are in a POST ETF POST HALVING POST RATE CUT POST ELECTION world with all uncertaintirs of this year resolved. What an absolute tremendous time to be ALL IN on crypto instead of being a sidelined bear Thank you JPOW PATRON SAINT of the economy BULLS WIN AGAIN BTC 200K EOY AVAX TO 400

Infernoswelt

If you manage to pull this off, can I have 1 BTC? 1FTEUwgeDw8W3s9xJLyFsC4CcYkmWCrZHx

Glum-Departure-8912

Grouping everything expect BTC into a “bad investment” bucket isnt really logical. Depending on the coins it is possible they are viable investments from a risk/reward standpoint.

AlabamaHaole

Facts. 2017 was my first bull run and I lost money . During the last bull run I switched to 90%BTC and I was able to weather the bear market while still stacking. I don't see the need to gamble with alts.

jetylee

Yea "wrapping" is what you do when you are using two chains, like DOGE and ETH(based) chains.... like BTC and Wrapped BTC. Something like DOGE I think you can just stick with DOGE and use a DOGE wallet.

elephantLYFE-games

“Who will rug pull BTC” - this statement shows you don’t not understand how Bitcoin works. It’s all open source. I suggest you read the white paper. Check/verify for yourself. Even if the largest wallet liquidated immediately on the US market, do you think that stop the demand?

EarlobeOfEternalDoom

Breaking news: BTC price fluctuates

winterbird93

Not necessarily. If BTC pumps enough so that corrections don’t go past 100k level, market could regain confidence in alts

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UhOhhh02

It’s not FUD, I still think we’ve plenty of months of bull left. But BTC straight up with no correction is not good for alts, and it’s clearly showing

DontLook_Weirdo

The easiest way Ive understood it is: Bitcoin is your investment. Shit/Meme coins are for gambling. Alt coins are for *collectors* lol (jk) but it does seem that they're more for access, funding the projects the coin is meant for, or minor transactions. I'm serious about BTC, but I do dabble in shit and alt, for fun and the minor runs they can have.

UhOhhh02

Alts are still weak, most have only recovered half the dip versus BTC. Alts are not going to go on a parabolic run until BTC retests lower levels. Need to rip the bandaid off with a BTC correction, then dominance flows to alts on the next run up. There’s nothing but cliff below BTC right now, so market is afraid of pumping alts until the inevitable dip happens. Most people here are bullish to a fault, a correction is good for alts during a bull after the initial pain

icedank

Bearishly low. If game theory kicks in and we see countries and companies take up BTC as a reserve asset, you’re looking at million plus.

DrEtatstician

Who knows she may be multi millionaire . This market is a gamble show but I agree with cryptos BTC is the only reliable investment

tabben

I always have pondered that theres probably some criminal(s) out there that went to jail around that time with BTC on them somewhere that didnt get found and around this time they are released and are instantly multimillionaires..

Evening-Abies-4679

Wow! Shareholders of Amazon have asked their board to buy BTC.

Accurate_Sir625

3 years ago I put in 1% of my portfolio. Today it has become 11.3%. So, let's say I had $100,000. I invested $1000 in BTC. So, my original $99,000 has become $131,000. But the $1000 in BTC became $11,300. Investing 1% in BTC grew my money by $10,000. If I had invested 10% as Fidelity now recommends, the $10,000 would have become $113,000 nearly doubling my bag. Small risk, huge reward.

winterbird93

XRP flipped USDT again, but BTC.D is still above 55%. Alts seem mostly recovered but might take a couple days to regain full strength. Still hoping for a slingshot Christmas market to launch us into 2025!

pgbabse

Or [btc-e](https://en.m.wikipedia.org/wiki/BTC-e)

NiGhTShR0uD

I do agree with your AI and gaming narrative beliefs and really hope that if you do get some profits, that you'll roll them over partially into BTC/ETH and stables for when the bear returns. You'll want to do both because 1) you don't know whether the current price will be higher or lower than the bear low and 2) it's always good to have free liquidity in case of a flash crash. Good luck, do proper research, don't fall for the memes.

No-Boysenberry4800

https://www.no.com/ Really a BTC website… but don’t understand a single word…

badelectricity

Imo, the token is only a buy if you believe in the long term outlook for AAVE, which I honestly do. I’ve only got like 3-4% of my portfolio in it, and while I plan on selling everything except a little BTC this cycle, I’d be content to buy back in the bear and then just park my tokens in the security staking protocol and forget about them for the next decade. Theoretically it would be enough to make long term staking worth it, but not enough of my portfolio that I’d feel like I was “missing out on gains” cuz super long term investments are best left untouched imo, and I predict that the crypto cycle won’t be quite as volatile/swing-tradeable as the years go by and the market matures. That said, when AAVE moves in price, it really moves.

Opeel99

It has helped, yes I retired, paid mortgage off. Using saving ATM and keep some crypto$ in a couple of wallets. My biggest vice was the darkweb markets where we used to buy weed for btc :-) Had a couple of holidays paid for with BTC, Cuba and Florida.. Now just waiting for 6 figures to turn to 7,8,9 etc My mindset has changed over the years and now I will hodl until companies and institutions accept crypto$ as payment rather then exchange them for fiat.. Been in crypto since 2015ish

eckstuhc

Unchained was monthly interest-only payments with a balloon of principle at the end, and Ledn is only a balloon payment (principle + interest) by the end of the term. Both lenders were 12-month loans, allowed early payment without penalty, and allow access to capital once LTV is reduced (as BTC price goes up). 11% is high, but remember to consider both traditional lending rates as well as the gain on the underlying. Most of my loans started with BTC is the 60’s or so. The math isn’t exactly equal, but BTC from 60k to 67k in one years time would basically mean a 0% lending rate. Even better if you used that loan to buy more BTC. (Understandably things can go bad quick in the other direction though) When we hit 100k, I shaved off some profit, paid back roughly half the debt, and restructured. I plan to check out both companies again in the future, as I think regulations right now are not great (new loans through Unchained must be “non-personal” and through an LLC, Ledn is moving toward that too).

Mors03

The BTC guy looks amazing😂 I'll buy one they aren't that expensive either

Pablito-010

You're right ETH is the silver of Crypto. L1 too expensive L2 is clunky. BTC for store of value and SOL for playing around in DEFI.

WeeniePops

Honestly never a bad idea to take profits into BTC or ETH, unless we're in a bear market.

BranJacobs

What utility? The niche of neutral hard money is fully captured by Bitcoin. Everything else in the crypto space is garbage. The story of OP's wife captures the ENTIRE reason for new crypto projects. "AWWW shucks, I missed the rocket ship of Bitcoin so I'll just get DUMPED on by this other project." Fun part is, it doesn't matter what coin OP's lady bought. Whoever launched the coin is almost certainly selling their scam coin for BTC or their local currency.

CanadianCompSciGuy

IMO the best thing to do is to write down the amount invested, and the current price of whatever she bought, along with the current price of BTC. Store this writing somewhere public and somewhere safe. Nothing in life will be as valuable as that piece of paper, which you will be able to point to for years to come. "I told you so." Immortalized. Might be worth getting copies, laminated and framed. IMO, worth far more than a few grand. I still have the notebook where my sister told me to sell BTC at $12,500. I don't always bring it up....just when she starts thinking she's a lot smarter than she is. : )

After_Flower_8355

900 in BTC and 100 in altcoin. If altcoin dumps you break even with BTC up 10%. If altcoin pumps you’re golden still.

magias

At some future point, BTC will be able to be spent directly. No need to cash out. Swap 1 BTC for a house by the beach

Objective_Digit

> the supply cap trends asymptotically toward zero. > the number of XMR that are produced from tail emission are at a fixed rate. at a certain point, it becomes an entirely negligible increase in supply. Like hundredths of a percent. > it's an entirely fair tradeoff in return for securing miner incentives forever. people hone in on BTC having block rewards for the next ~150 years or so, but as a practical matter they become significantly less than fees in about 20. it will be very interesting to see what happens to the hash rate around that time. > in any case, the tail emission has to be one of the most constantly tired debate points from people who don't really understand it. it's a good idea, and it's an improvement. In other words it's a different design, so it's not Bitcoin. >also lol @ the no transparency comment. He seemed to care about government bail outs as we can see from the message in the Genesis block. Imagine how governments would use Monero to hide all their dirty deeds. And claiming it's what Bitcoin was supposed to be is the kind of stuff that scammers would say. Monero is not Bitcoin.

Neonbelly22

Fun fact, if BTC does the same thing next 15 years, 1 BTC will equal 1e12 lol

ozera202

So BTC absorbs all the profit from the dump the other day …. Niceeee . I hope all you bears got wrecked

Such_Welcome6114

Does anyone remember when you could earn BTC or Hyper coin from playing on CSGO community servers... if I didnt sell, I could've literally bought a house by playing games. cheers mom.

kode_dtecht

good point! selling at anytime can really hurt you in long term too - borrowing in BTC terms instead may be a better way to stave off the taxes until the very end. You seem like you've really put some thought into this topic, can we chat? will DM

LemonJunior7658

Have you considered putting 50 in BTC and 50 in usdc? If the price goes up yay. If the price goes down (significantly enough) you transfer what is saved in usdc to BTC. Cuz that shit will be all over the place over the next 25 years, however there is still plenty of time for you to save money with crypto. It's a little more difficult to make life changing money fast in crypto. You can invest in alts but the risk and the volatility is crazy. If you are just starting your crypto journey now, it is definitely at a high, and it may go higher for a bit, but there will be times when it goes lower and there may be times when it goes catastrophically lower in one day/week/month. Just be careful. Don't invest more than you can loose. Be patient with buying quantities and times. It is VERY easy to get rekt, but the longer you are in the market the more success you will have. Just practice and take baby steps.

Accurate_Sir625

Well, there are still few investments out there that offer 150%/year upside. I did it the hard way, investing monthly for 35 years, at 10%-15% /year. I only discovered BTC 3 years ago. Put in $10k. If you got 100% every year, you would have $5M in 10 years. Maybe it won't be 100%. If it's 50%, you still have nearly $400k after 10 years.

Jolly_Cold_2845

Just buy what you can buy now and when BTC runs up 100% fron current levels then you’d be retired

McBurger

the supply cap trends asymptotically toward zero. the number of XMR that are produced from tail emission are at a fixed rate. at a certain point, it becomes an entirely negligible increase in supply. Like hundredths of a percent. it's an entirely fair tradeoff in return for securing miner incentives forever. people hone in on BTC having block rewards for the next ~150 years or so, but as a practical matter they become significantly less than fees in about 20. it will be very interesting to see what happens to the hash rate around that time. in any case, the tail emission has to be one of the most constantly tired debate points from people who don't really understand it. it's a good idea, and it's an improvement. also lol @ the no transparency comment. Monero is what Bitcoin was supposed to be.

UseMoreHops

A common choice. I wouldnt feel right about making a suggestion. It really is a crap shoot IMO. Most of my money is in BTC.

Resident_Violinist_4

If you had $1,000 are you going to put it in BTC right now or some altcoin? BTC makes it to 120k and you have 1200 bucks. You put it in an altcoin BTC makes it to 120k and you are more likely to double up.

Resident_Violinist_4

Yes but that's extremely disingenuous for people in the short term. BTC has done a 5.5 x at best since 16k bottom two and a half years ago. You got crap coins that are doing 5x and a few weeks or 10x 20x you name it. Sure they may not ever make it to their all time high from my cycle, but the multiples are very real and you can definitely use altcoins to gain on bitcoin.

Rent_South

Lots of potential reason why. Of course its shortsighted because they have 70 billion USD in fiat on which they are bleeding capital. Just putting 1% of that sum would offset some of the bleeding. And would be a drop in the bucket compared to bitcoin liquidity. For us its a shame, not because they would push the price up with their buys, but because it would show other companies that even a "traditional" behemoth like MSFT greenlights BTC which would further accelerate the game theory already in motion.  Their reasons not to adopt are simple, MSFT is a Magnificient 7 staple, its a stock you invest in when you want stable growth that correlates with US growth. Bitcoin is whole other beast. 

Midnightsun24c

Just also have allocations to conventional investments like stock index funds (VTI/VXUS) and maybe even bonds (VGIT/BND) as well to have a well diversified portfolio. Diversification is the *only* free lunch in investing. Bitcoin is fairly speculative and may go on to do very well, but it's not worth going 100% **all in** on anything. People who have been 100% BTC before this run up will tell you they feel super smart for not being diversified, but that's only in retrospect that we don't know what the future holds. Dollar cost average into these assets for years and years and you'll likely be okay as long as you didn't Yolo everything or try to "time" the markets.

Betterjake

Semi bad advice. I would recommend 0.01 minimum BTC per withdrawal to cold storage. This is a good UTXO management to avoid a ton of small UTXOs that would be expensive to move in the future.

crazybebi

So couple of things, obviously this is all my opinion and i politely invite anyone to discuss or Point out why im wrong! Overall, the thesis of roughly 4 years cycles is imho intact for Most people. Noone knows if or how much it will Go down but Thats what Most people work with. So get familiar with the cycles. Note its kinda how it played out until now, therefore imho Most people Take that into Account, therefore its kinda the base thesis. Obviously that doesnt mean it will always be Like that but we have to start somewhere. BTC is the King, the Rest of the market follows. Since you Said you know youre quite Late but still for think about Holding Xrp for longier than this run entering now i thought its worth mentioning. Crypto is mostly based on Hype, best example is XRP Right now, people Are freaking delusional imho. During hype, youll See coin x everywhere over Social Media, everybody making Price predictions that Are Even more laughable than the one before. Respect the Pump, its good to Ride it but crucial to Take Profits. So assuming cycles Are still intact, its just a pretty Bad idea to Ride things down. Your Capital will just be locked for years and youll have many better opportunities to get in for the next cycle than now.IMHO. So imho for someone new its Best to now maybe get BTC longterm and treat all alts as shortterm. In the end in a Bull market most rise. By selling next year in Profit, youll get Skin in the Game, get experiece and a Little Capital to allocate in the Next Bear market. Bear markets Are the time you wanna do your Research and set up your Portfolio for the Next run. Oh and try to keep the Noise down. Every YouTuber has an opinion, every Person on the Internet has. Theyre worthless unless you can verify them on your own. What im actually trying to say: BTC has a unique standing, therefore its the safest.

AlabamaHaole

By that logic BTC has already gone up about 5x from it's low. Are you saying it's over?

DarrinEagle

That's possible, and banks like BONY are getting set up to do that. But that doesn't seem to be MSTR's strength and it doesn't use MSTR's own BTC.

AlabamaHaole

Lol, wut??? BTC has literally been climbing out of the cellar for over a year now. What do you mean by too fast?

Quixote0630

I'm not a huge fan of ETH, but really do think it's the next play. Rolled some of my Bitcoin profits into it this week to get some exposure. ETF inflows are increasing, even outpacing BTC, and I think the big players will be preparing to roll profits too. When BTC dominance collapses, ETH will fly.

kirtash93

Now all of them suddenly love BTC.

DarrinEagle

Will retire very comfortably at BTC=150K. Got in Sept 2021. Yeah I've earned this. Looking into charitable remainder trusts to shelter gains, dual citizenship, expatriation, etc. At a certain level those things make sense. YMMV.

FunkySamy

For the safest bet (as "safe" as crypto can be): BTC, ETH, tho I tend to prefer BTC This cycle, memecoins are exceptionally strong, PEPE for example was almost unphased by the last drop, but there is no telling where they will be in a few years If you believe in the current narrative that American complient cryptos will be tax free, go with one of these, you already mentioned HBAR for example I believe Binance is too big to fail at this point, at least not without draging the entirety of crypto down with it so BNB is also something that should still be around in 10 years But in the end, honestly, if you just want to hold for 10 years and forget about it, BTC still seems to be your safest bet, yeah some coins will outperform it but you don't know which, and most will bleed so heavily against it in a bear market that just holding BTC would've been more worth it. If you plan on taking a more active role, holding alts over short term and taking profits into BTC can be a great way to increase your BTC stack, but don't try not to get to clever because when it comes crashing down, it happens fast.

MatchboxVader22

My big brother who was telling me about it BTC years ago is retiring this year. He was telling me to buy it up around 500-1000 per coin. He’s retiring 15 years earlier now. It’s one of those times I’m mad at being a stubborn younger brother and not listening lol but oh well.

Quokky-Axolotl7388

TBF, the problem with this is that BTC has so far behaved in 4 years cycles, that usually are in the form of Accumulation-Growth-Bubble-Crash. So while in Growth and Bubble years it is easy to "sell enough" to lock $60K of gains, it is more difficult or impossible based on your entry level to do so in crash and accumulation years. Some people think that BTC value will stabilize over time, and there are signs that support this, but nobody really can predict the future. So you are really looking at potential retirement on a 10y timescale at minimum based on your entry level and aggressiveness in investment. In practice, you have to survive your first cycle or two before you can even think of retiring. BTW, we are entering a bubble year in 2025.

wooly_torch

See, we all knew it was going to pump again. You know why? Because that would’ve been the most anticlimatic bull run of all time, and if BTC fell down to like 27k in a couple days, politicians and bankers would come out of the woodworks hot headed AF and ready for blood. So hold on tight - we ain’t even made it to the new year.

Obvious_Profit1656

BTC and BNB, ETH not so much yet, it's yet to be seen if it can deliver satisfacfionary gains, the ceiling grows sunstancially as Bitcoin runs away with sats.

BrawndoCrave

Was exactly my thought. Should just spend fiat. Otherwise you gotta replenish your BTC right after.

cphh85

I think he meant, taking out a bit while the rest increase in value. Kinda like a dividend when BTC goes up.

Shiznoz222

So, which asset in the USD vs BTC scenario would enable them to grow their operations long term more effectively? (Considering inflation)

onebtcisonebtc

BTC is liquid. People buy, people sell all the time.

SpacePanda2176

Convert to BTC or maybe like half so she can see the performance difference? I messed with shitcoins early on, we all learn sometime. Take it as a crypto lesson and grow in your knowledge together!

tranceology3

Why not just buy as much BTC as you could... lol

Acrobatic_Middle3296

My DCA into crypto ended in early 2023. I am mostly a BTC/ETH person, but I also dabble with other alts. But in crypto winter, I do all my DCA to just BTC. Only \~10% of my total investments are in crypto at any given time. And I do wish I more aggressively bought the dip with buy the dip funds, but I did stay consistent with DCA funds for the most part. An image of some of my buys is attached. https://i.redd.it/pycbodpdba6e1.gif This isn't a DCA of all my alts or across various CEXs, as that will be hard to follow. And I don't hold BTC in an exchange, I just buy them on exchanges.

Clear_Indication1426

I think that's the general consensus yes and what I am planning to do. I think I will take out majority of alts by this stage and only leave little bags and my BTC in. Then potentially another build up towards the end of 2025 before entering the next bear 2026. But who really knows!

No-Put7619

Incorrect. You can easily send BTC bought using Cash App to another wallet address. I've done it several times myself.

Rshellnizzle

Um no I sell for luxury items, however BTC is my last asset that I sell if I must so it’s ultimately very little that is sold.

StatisticalMan

Your money is gone. The window for filing a claim against the government is likely closed but even if it wasn't and you won you likely would only be compensated that cash value of the coins on the day of the seizure. The US sells seized assets all the time. Even if you could win you aren't going to get back "your coins" nor would you be entitled to current cash value. Just ask the thousands of people in the various exchange failures over the years. The claim is based on dollar amount at the time of the event. Yes it sucks but you are going to mentally destroy yourself by thinking you are still owed 6 BTC and keeping up with that regardless of how high the price of Bitcoin goes.

Designer_Speech8942

What passive income? Correct me if I’m wrong, but you can’t stake BTC.

Rydog_78

I remember reading that BTC was a 3rd place prize in a competition way back.

Frapa2a

Honestly, if I had 50BTC since 2012 on an exchange that closed in 2014, I wouldn't have waited until 2024 to take care of it. For me, it's just accounts created a long time ago on Reddit to come and scam nice people or people attracted by a possible sharing of the "loot". Before there were the Nigerian princes, now there are the BTC billionaires who need a little help to unlock their fortune.

dwoj206

So.... diversify? There's crypto strategies that include diversifying into 100+ Alts with the allocation assigned for "everything that isn't BTC/ETH". This is the reason why.

user_namee007

BTC

NationalBitcoin

Basically I’ve been DCAing ~125 a week into the market since mid 2020. In 2022 I “bought the dip” and went heavy at 31k, and equally as heavy at 19k creating a solid 25k average. (I converted most my holdings to BTC) “be greedy, when others are fearful.” My plan was to chill on interest, but I started to DCA til 100k once Germany sold. now we’re letting it do its thing again and generate passive income.

bbatardo

May be a stupid question, but does anyone know what the miners might do with their BTC? Holding is great, but at some point will they sell for realized gains or will they leverage it into a business? I get MicroStrategy's model, but I don't get it exactly for miners.

Rshellnizzle

I sell a little here and there but not just BTC it’s a mix, I actually sell very little BTC and I am still actively buying it.

kode_dtecht

Congratz! You’re not liquidating BTC though right? It’s more a peace of mind thing?

RoastedRhino

It was May 16, 2012. I bought them on bitmarket.eu, which basically was just a platform to make sellers and buyers meet. The email I received said (In Italian) “Hai acquistato 5 BTC per 19.55 EUR (3.91 EUR per 1 BTC).” And gave me a Swedish IBAN to wire the money to. Bitmarket.eu stopped operating. Maybe I can still find the bitcoin address… there is not much proof besides that. In any case my story was short lived :) my dear wife told me that it was not a good idea and it was probably illegal, so I sold my 20 btc not long after that. I later found some that I didn’t sell. I sold some to buy a small car and I still have 0.5 btc that I am not planning to sell any time soon.

Rshellnizzle

I retired 10 years ago at the age of 37, not because of BTC but it certainly has helped me to live a very carefree lifestyle.

kode_dtecht

Got it! You don’t mind income portions being in the markets as long as you have the rest of your BTC locked up, makes sense!

baby_oil773

Youre asking BTC sub if BTC will help you in the future...

Key_Friendship_6767

BTC ☀️

kode_dtecht

Have you had to liquidate in the past or nah? I think you’re in good hands for the next cycle - best to borrow in case you’re not though, I’m BTC terms so you don’t get liquidated

Leading_Bet4937

I’m not sure what you mean, but my BTC stays in cold storage until far in the future…or at least until it’s untaxed (hoping) and can be rolled into MSTR/MSTY. I’m already making more income doing this than I ever did at my job, and all indications are that Saylor will continue to generate Bitcoin yield and create volatility. Both are characteristics I love

KateR_H0l1day

I’ve numerous coins and zero BTC, some have done better, some I expect to do better in 2025. However, I have BTC-ETF and also MSTR, I’d recommend MSTR as something to look at if you like BTC, but as always do your own research 🧐.

NiGhTShR0uD

I remember chatting to a friend about BTC when it was $500 and they laughed at how someone would spend money on magic Internet beans. Life was hard back then, still is, but we slap ourselves for not trying to put even a little away at the time.

_TheWolfOfWalmart_

When it looks like the bear is back, I'll be putting a lot of it in the bank and the rest of it as USDT/USDC on my hardware wallet. Then buy back BTC (and only BTC) when I think we're around the bottom.

Potential_Duty9709

Buying on Cash app does not let you control the BTC it’s basically a IOU, I would think about finding a exchange where you can purchase , and than transfer to a wallet where you have actual control on the wallet. Cash app has pretty high fees compared to other exchanges, some have suggested that when sending from cash app they cannot get it off .