Reddit Posts
I still think around $60k is the floor... what do you think?
BTC is back at the ATH of the previous cycle, and an important gist on my mind...
64k ATH saw a 75% drop to 16k.. Will 124k ATH see a 75% drop to 31k?
r/Bitcoin mods are preventing the Bitcoin community from information that may or may not be useful to Satoshi Proper.
What is going on this week? What is your play - hold, sell, buy - what are you targeting most?
Bitcoin Gamma Exposure Turns Negative Near $67K: Dealers May Amplify Swings
Are leveraged BTC longs getting liquidated like dominoes right now?
Alguno sabe porque el BTC está bajando tanto y debería de esperar porque va a subir?
BTC 67,438 美元：现在是否是一个值得关注的买入机会？ 从过去五年的走势来看，比特币经历了多轮上涨与回调。 目前价格已经从高点明显回落，我认为这个位置值得开始关注。 我的思路是： 分批布局，不急于一次性买入。 保留现金，应对后续可能出现的下跌。 关注宏观环境和市场流动性的变化。 你们认为，67,000 美元附近是一个值得逐步布局的区域，还是调整还没有结束？ 欢迎交流。
I fully expected this - but for the surprise rally of the last ATH I would still be good.
Apparently All the BTC Was On a Grounded plane today 😂
There is No “Reason” Only Cycles
JP Morgan is buying the DIP when you are freaking out
LocalCoinSwap in person cash trades in Germany – anyone have experience?
Sticking to the plan. DCA + limit orders during the dip. How are you handling this correction?
Bitcoin is on its sixth red week in a row. I've had an AI trading real money through the last four. Here's every week next to just holding.
Why you shouldn’t buy a house when you can buy Bitcoin 👇🏼
Bitcoin under $70K and ETH under $2K for the first time since August. Bounce next week or new lows?
Bitcoin self-custody is great, but what about moving BTC around?
POV: My BTC portfolio finally let me buy a Lambo in 2026
Guy predicted BTC going back to the 73k level in September. Will his 140k prediction play out? 👀
Crypto is so dead that the price is crashing without anybody making posts about it here. Btc at 66k and dropping.
First timers and lurkers, this is your chance to buy BTC
Got into the Bitcoin Puzzle lately—finally found a browser WebGPU solver that actually saves your progress. Anyone else messing around with this?
Quick hits of Quantum related events as Multiple projects push for 2027 upgrades.
In 2014 a Bitcoin educator sent 30 cents to the brain wallet "Satoshi Nakamoto" on video, it was spent in the same block, a day before the video was published.
I waited weeks for a BTC entry. Now that it's almost here, I'm reconsidering the trade.
Revolution Mining said my KYC failed and I couldn’t withdraw my Bitcoin mining payouts
Bitcoin isn't performing well recently. But this too shall pass...
I'm drowning in debt and could really use a little help.
2^256 is just such an inconceivably large number
I built an interactive tool that shows what happens when you invest monthly into crypto, for past and future
MARA sold 13,597 BTC to pay off loans and says more sales are coming. Does that worry anyone?
BTC just ate a $50M+ sell cascade down to $72,800 in the last 24 hours, and degens are STILL paying +9.5% APR funding to long into a $121.7M ask wall.
My family argues BTC vs gold every week. Is there anywhere that shows what the market actually expects for both?
We are the 500 BTC inside a laptop a dad gave to his son
I don’t have 500 BTC. But I did stay at a Holiday Inn Express last night.
Cycle bottoms before the last 3 mature halvings landed roughly 513–542 days earlier (average ~528)
A Bitcoin Miner Sold 3,374 BTC and Kept Just 32. Now AI Pays the Rent.
BTC is sitting at major support, but the market structure remains bearish
My dad just old me he might have 500 Bitcoin somewhere on an old laptop he lost, I think I need therapy.
BTC Consolidating... What to do??
Jensen Huang’s coming out tanked my crypto portfolio
What do you think will be the impact of quantum computers on Bitcoin's price?
LNbits urges Bitcoin Lightning server operators to shut down immediately
A Finnish home swapped district heating for a Bitcoin miner
For people who are unmarried, how easy would it be for your family members to gain access to your BTC after you die?
In March 2012, hackers broke into the hosting company Linode and drained about 46,000 #Bitcoin from Bitcoinica and other accounts. How ?
Am I crazy for thinking Bitcoin could benefit from an AI selloff?
The $6.34 Billion Wake-Up Call: Why Every Place You Store Your Money Is Under Siege, and How to Survive the Custody Crisis.
Quantum Resistant BTC-transactions Without New Cryptography?
BlackRock's IBIT holders sold 56,800 BTC near $63K in June, then bought 78,000 back near $77,600. Their average cost is $81,136 a coin, so they're about 6.5% under water now.
BTC on track for a 5th straight red week, weekly close tonight. What's your plan?
My BTC prediction from 3 months ago. Let’s see how it holds up
Most people outside of the bitcoin echo chamber don't know anything about bitcoin. They would rather have $10k instead of 100 BTC. Most don't have a clue what the prіce is. Many people can't even do elementary math.
Most people outside of the bitcoin echo chamber don't know anything about bitcoin. They would rather have $10k instead of 100 BTC. Most don't have a clue what the price is. Many people can't even do elementary math.
In November 2010, two Bitcoin blocks accidentally repeated transaction IDs from earlier blocks.
I tracked the BTC calls of 5 big crypto accounts for 3 months. Here's how they did
Mentions
A chunk of that $2.35B BTC outflow is the basis trade coming off, not people losing faith. Those desks sat long spot and short perp for the funding, and with funding negative now they're closing both legs, so the ETF selling and the vanishing perp bid hit at the same time.
For a long time I was a Bitcoin enthusiast. But I'm not gonna lie, in the last year I have realized that BTC is kind of a pathetic investment.
The “I’m scared for the stock market on Monday” comments are funny SPY is up 12% in the last year. BTC is down 35% in the same timeframe. The stock market doesn’t care what BTC is doing anymore.
I'm not telling you to speculate. I'm saying just look at the chart. It's all volatile swings up and down. Trade those swings and profit. Of course, you should keep a core holding of BTC and keep DCAing long term. But when it's dropping like this, below the 200 moving average, you should BUY WAY MORE and hold that until people get euphoric in a year or two, then sell. It's the way this weird market game works, my friend. It is flat over a 5 year time period, like you said. And realizing that can be disheartening until you realize you could have bought around the previous cycle low (17k - 30k) and sold the cycle top (over 100k roughly) and made out like a bandit. That doesn't require exact cycle timing... just be aware of moving averages and market sentiment and then act. When people on reddit are whining, BUY. When people on Reddit are celebrating, be cautious and consider selling. Do you know how dumb the average person is? You make money in volatile markets like this off of stupid people. Don't let their primate emotions sway you.
There was a time when BTC was Above $60k And everyone was optimistic, hopeful and well estatic.
It looks to me like Binance is selling their BTC to cover their losses. Next up is MSTR
BTC under 50k is a buy for me
The reason being Billionaires will not like to be short time investors in something which does not move enough once 4 year cycle is completed, i.e. it moves up then false down rather than an ever growing asset which would led billionaires divert their funds to BTC instead of treasury bonds which yields 5% (guaranteed) versus BTC which is volatile. Hoping to see BTC at 21 Million a coin before GTA 7 🔥💥
I mean, I am myself in Semiconductors, holding hoping for them to rise, so I hope you guys do make it too as I know the feeling. But unfortunately, I am no so certain that BTC will ever go back to ATHs, I just struggle to see the value in it, 5 years of holding and losing money can't be a good investment, no matter what, it's a terrible value proposition. Too many things in the future adding fear: AI, hacks, new digital currencies by big governments... It's tough. But I wish you guys do recover your money.
Comments like these remind me of how ignorant westerners really are. Yeah you’re 100% correct please sell your BTC.
BTC never moons after such a dramatic drop. It crashes, goes sideways for a few weeks, then it will moon.
Not scared at all. I was actually disappointed when it bounced off of 58k. I knew there there was no way that could be the bottom. I want to buy cheaper BTC, and you should too!
Wait till GTA VI release and it will bounce back to 70k+. Crazy unrelated events like this is the reason why BTC is unpredictable.
UNI and SQL are new to me. Would you mind sharing what makes you bullish on them? I really appreciate the insight, like I said I haven't been in since 2021. As Ive just been liquidated my precious metals (gold/silver) that I've been stacking since 2021 when I exited crypto entirely, but blindly just put it in BTC starting back in January as I thought 80k was a-okay. So I was super stoked for the rebound a month or two ago. Was not expecting a two week tragedy to wipe it all back out after rebounding slowly but surely the entire year.
Everyone who bought in the past 2 years is underwater on their BTC.
Just sell already I want cheaper BTC
Holding onto my spot for now. If we get a dead cat bounce I'm selling some. We entered capitulation imo. Saving the remaining capital for unde 60k BTC and 1550 ETH if they happen
Funny how we know that currency does not appreciate, but DIGITAL currency does. Bitcoin will not die but its potential as a get-rich-quick scheme is over. You will do way better at this point putting your money into treasuries. Even if BTC doubles in five years, that is likely to happen with an index fund - **way** more likely.
Yes I requested 200 shares but if it’s like spacex ipo I probably won’t get more than 50. My plan is to sell within the first week for profit, I dont care about 6month ban. I’m gonna then take that money, add more money buy BTC (or mstr- haven’t decided) after 2-3 weeks of ipo
A podcast I listened to said it was telling when people stopped calling it “cryptocurrency” and just started calling it “crypto.” What use case is there for these tokens other than to buy the dip and cross your fingers that the number will go up? Which is what I just did only to see another crash coming. Which I only spent a few bucks on BTC, but if all it’s going to be is some trading commodity, your average joe isn’t going to give a damn so long as they’re working to put food on the table.
Years ago, that might have been a possibility. But today, you'd have to be completely delusional to believe that, considering the sheer number of institutions involved and holding BTC. As long as BlackRock holds, we're good.
As every year Black Friday sale for BTC isn't disappointing.
Only??? Rookie numbers. We can get into the negatives. BTC should be sub-10k. We can do it everyone. Sell everything you got
The next BTC bull run will begin after Strategy is liquidated
That would dumb. At that point, just like last time, you gotta say, oh well, I missed out and decide if/when you will sell or just hold. It will likely come back below $100k even if it hits say $175k next cycle peak. I sold 25% a year ago between 80k-90k and I’ll wait for sub 50k to buy this time. If it doesn’t go below that, oh well, I missed out. You can’t look at this like you’re gonna make life changing money because that’s a huge risk and it’s very likely you won’t. I mean, let’s say you own .25 of a Bitcoin and it goes to a million dollars eventually. That’s decent money but by then inflation will be worse and it’s still not enough to retire off of or anything. That time has passed unless you want to gamble and throw a lot of money in but I’m not that confident in anything to do so myself. I’d rather take my chances with VOO and buy some BTC for fun money if it does hit a million one day. Figure I’ve got maybe 40 more years or so f life left to wait and find out lol
I was robbed by Mashinsky and Celsius. Licked my wounds, wrote down that lesson, and started stacking again. Made another rookie mistake during FTX scandal. I sold when BTC was in the $40K (at a slight loss) thinking that it will go lower into the $20K, it never did. Licked my wounds again and been buying here and there ever since. Just surpassed the 2 coin mark and I’m grateful. Every now and then, I think about where I would be if that crook Mashinsky wasn’t born and it guts me. It was a very expensive lesson on counterparty risk. Three valuable lessons … not your keys not your coins … 1 BTC = 1 BTC … time in the market is better than timing the market. HODL on my friend.
Any macro shocks, institutions derisk by dumping high beta assets - with BTC ETFs being in place
The queue will be much longer if BTC heads towards realized price.
What's the odds Binance conveniently announces that it's replenished its "SAFU" fund when BTC hits 60k?
I’m very green from my BTC, but I’ve several others very red, such as my MSTR & MSTY, but time to buy some more MSTR come Monday morning 🤷♀️
Not to my face, but I would bet that they did loll. Ngl, I was even wondering myself if I would get the retest or if there was just too much momentum (that can happen). I leaned on the principle that it was better for it to run without me than to enter on a fear of missing out. Part of what helped was seeing that in the past, BTC had retraced 100% before taking off like a rocket.
Yes and 100 USD invested in the S&P index + dividends is worth 650 USD today. Invested in the QQQ index would have yielded 1130 USD as of today. Now take that same 100 USD in 2013 and spread evenly among the 5 FAANG companies yields 2600 USD as of today. The BTC is the only investment crowd wants to convince you that it is either buy BTC or hold actual cash. BTC sycophants pedal in false dichotomy fallacy syndrome. I for one keep some BTC in the portfolio but spread risk and potential gain across different asset classes.
You don’t consider COVID a black swan event? BTC has nothing but bad news and apathy going for it. No new investor narrative, no medium of exchange, and the store of value story has evaporated. 5.5 years with zero return. I agree this is new territory, and I think people who are buying into the cycles bullshit are going to be surprised to the downside.
By that logic, you will have missed out on making a SHIT tonne of money 10ish years. Here is its use in case it wasn't clear: Its an alternative way to invest your money, and its a mature product. There is the whole limited supply thing too etc. etc. People like to put their money into many things to spread their risk and balance their returns. BTC is a very mature product now, many big players are heavily invested in it. That's it - don't read any deeper into it. It doesn't need any other uses except "The world has bought into it as an asset that people collectively believe is worth something". That is basically how USD and other currencies work.
Oooof. BTC is clearly failing and dying. Anyone who just wants to throw theirs away, DM me and I'll give you an address to send them to.
That’s my point … unless we see a Sunday recovery in BTC it will definitely be under pressure … no rush to DCA
An additional issue is lack of liquidity. The money that went into IPOs this year is more than double the amount that went into IPOs the past 5 years. With so much money off the table there isn't as much available for BTC & crypto. Especially with crypto being such a risk-on asset. https://preview.redd.it/7wfqmtbl0o1i1.jpeg?width=1403&format=pjpg&auto=webp&s=f3542665379f0bb3760b5dbd44978e521bebe768
Beneath my feet. But fpr the price of BTC. This Ran... Just the beginning. A lot... I mean A LOT nore roon to go
you’ve bought BTC around/slightly below the 200 week moving average. some people would kill for an opportunity to buy at these levels. historically it hasn’t been a bad bet so, just don’t panic when it drops 20%
I think OP is referring to BTC Losing 11k in the past 3 days , not predicting it will be worth 11k in 3 days
BTC just hit the POC on a HVN on Daily. Likely to halt downward crash soon. I'd think about buying at VAL. This is it. That's where you buy. No volumes = rejection zone. BTC struggled to go lower than this previously as well. Super strong level.
Of course that is what it means /s. I'm in the game since mid 2017, seeing this kind of growth, you don't really get mad... But I've seen too many "BTC is going down" posts along the years, lets just say. So I'm just telling how it is, like I've always done, and never been wrong. "Keep dreaming".
Calling it a bull trap fits the numbers. BTC's high on OKX spot was about 87.4k in the last 60 days and it's around 63.4k now, roughly -27%, with -6.6% in the last 24h alone. What I'd watch before calling a bottom is the derivatives side: BTC perp funding only just flipped slightly negative (about -0.004%/8h) and OI on OKX is still around $2.1B, so leverage hasn't really been flushed. Capitulation lows usually come with a big OI drop and deeply negative funding, not this. 59k is plausible if that flush is still ahead.
Need to wait for Monday open to see how the bitcoin ETFs react … looking to see more downside on BTC 🤷🏻♂️
What if BTC won't reach $52K? I mean current price is good enough for DCAing.
What if BTC won't reach $52K? I mean current price is good enough for DCAing.
I'm 10% BTC, 30% trad funds, rest is real estate.
It might fall to 40k, but that's ok. Just stop looking everyday and come back in a few years. It will probably be over 100k. Remember, 1 BTC = 1 BTC.
This is the way, don't worry about the price just set auto buys. Fiat is always going down BTC is always going up.
I’m 50% BTC and 50% MSTR. Conviction is high but feeling the pain right now, not gonna lie.
Anybody with an such gleefully celebrating whilst not having the balls to post to OP with a counter prediction or shorting BTC should STFU or predict now.
Good news is I always wanted to own a full 1 BTC. (Have .22 so far). I'll be able to scoop the other.78 at like 10k at this pace next weekend
Well that astrology is paying out in full. Told everyone to sell in Nov 2025 and wait till after midterms to buy back in. Closed part of my short yesterday and used the profits to make my first BTC purchase since last Nov yesterday at $67.5k and have a shit ton of dry powder I plan to slowly DCA in over the next month or two.
Kids with credit cards will be selling up their 0.0008% of BTC soon & this market will tank. Leverage on the large scale is even worse
Tether goes brr in a year, new ATH coming. I'm a believer in crypto (not BTC necessarily, but not against it), but even it it fails and goes to 0, it will have a massive bull run first.
Well, last year national debt was 38T with BTC peaking at 126k. This year we're at 40T national debt and BTC is down almost 50%. So I'm not sure how correlated they really are.
BTC wasn't going straight to next cycle's ATH this year, far better to have this chance to buy even more than just have a glimpse of fake hope with BTC reaching the 100s
\^ i agree 100%. BTC is a hedge against inflation. Folks laugh when i say that but its so true
ITS totally over, BTC will go to zero. Panic sell everything and freak the f*ck out. /s
As long as dollars keep getting printed, BTC will continue to be worth more. Trump wants to print money to give it to his buddies. Democrats want to print money for social services. It’s a BTC win-win.
Be honest: Will we ever get back to 100k again, or is it over? What exactly needs to happen for BTC to pump again without you and the other bears here screaming "bull trap"?
BTC is about 2% of my overall portfolio
I went crazy hard on BTC in 2022 when I was 23, now that I’m a bit older with a slightly lower risk tolerance I’ve been buying ETFs and just holding what BTC I bought back then
85% stock market. 15% BTC. Was more 50/50 a couple years ago.
"I AM HODLING I type d that tyitle twice because I knew it was wrong the first time. Still wrong. w/e. GF's out at a lesbian bar, BTC crashing WHY AM I HOLDING? I'LL TELL YOU WHY. It's because I'm a bad trader and I KNOW I'M A BAD TRADER. Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a millino bucks sure no problem bro. Likewise the weak hands are like OH NO IT'S GOING DOWN I'M GONNA SELL he he he and then they're like OH GOD MY ASSHOLE when the SMART traders who KNOW WHAT THE FUCK THEY'RE DOING buy back in but you know what? I'm not part of that group. When the traders buy back in I'm already part of the market capital so GUESS WHO YOU'RE CHEATING day traders NOT ME~! Those taunt threads saying "OHH YOU SHOULD HAVE SOLD" YEAH NO SHIT. NO SHIT I SHOULD HAVE SOLD. I SHOULD HAVE SOLD MOMENTS BEFORE EVERY SELL AND BOUGHT MOMENTS BEFORE EVERY BUY BUT YOU KNOW WHAT NOT EVERYBODY IS AS COOL AS YOU. You only sell in a bear market if you are a good day trader or an illusioned noob. The people inbetween hold. In a zero-sum game such as this, traders can only take your money if you sell."
exactly, people were muttering all this to the moon jargon over the past 3-4 months when BTC elevated in July after a downward trend. Now they're shifting to 2028. lol.
I did not invest 50k....I took a 300 cash advance on a cap 1 card and loaded it to bodog...I proced ed to double down several times until I had 35 or 40k very lucky run at live blackjack and roulette...then I decided no more doubling down and proceeded to withdraw in BTC and left 2 or 3k in to play with over the next 15 minutes I canceled said withdrawal and proceeded to gamble away the 40k in about 10 minutes
Honestly, I was hoping to see 60K at least because August rally was so rapid and I literally had to chance to buy. However, didn't really believe BTC come back again and here we are. Now the question is whether we really bottomed in at 57K in June or there will be even more blood in November-December. I'm buying but running out of gunpowder. :sad:
Patterns exist ...until they don't. Drawing one kind of exponential line on a graph and saying *it must continue* is basically the equivalent of seeing animal shapes in clouds and believing it means something as another commenter said. But hey, if you believe this pattern to be gods holy truth then it would suggest that one BTC would be worth something like 100 million USD in 2070 or so. 1500x, or about 150 000% return in 45 years guaranteed by the one almighty line on the graph is a pretty good deal if true
TBF, there are some really valid use cases. It's just that most of them involve illegal activities or getting around financial sanctions. Monero would be better, but lots of it (maybe even most, still) gets done in BTC. Plus, it can be good for moving money internationally for individuals. The, like, 12 people who need to do that consistently would probably benefit from doing it in crypto.
BTC is heading to below 60K (I'm not saying it will happen) and who know may be Ben Cowen right and sometime in Q4 it will reach realized price which is 53K. And this after heaps of YT morons claimed in September that it bottomed in.
Seeing BTC dip toward $65K with ETH around $1.8K, the liquidation headlines look more like leverage getting flushed than proof of a clean bottom. I'd watch whether spot demand and flows stabilize over the next few sessions, along with the weekly close, before drawing a bigger trend conclusion. Choppy markets are a good reminder not to let leverage decide your timeline.
A 75% BTC correction is definitely possible, but connecting it to a planned global blackout is a stretch. Governments have been recommending emergency supplies for decades. That doesn’t mean they know something we don’t. Also, diminishing returns don’t automatically guarantee diminishing crashes. If BTC drops to $31K, most alts will get absolutely destroyed, and many probably won’t recover. The funny part is, if we actually had a global power grid collapse, checking your crypto portfolio would probably be the least of your worries 😂 I’d watch liquidity, leverage and macro conditions before worrying about Netflix predicting the next bear market.
Big facts. I’m not going to lie i almost fell for this bull trap too. BTC was goin parabolic in October i honestly believed we bottomed.
What does Jensen Huang even have to do with BTC?
Not saying i know what the market will do but BTC is literally free falling right now. Theres a good chance we make a new low
When everyone in BTC is in a bad mood....that's when I know it's time to buy....When everyone in BTC is in a good mood....I am in a good mood too.
I have a feeling we make a new low. Binance (biggest crypto CEX) being hacked and all this noise of Jensen being forced to resign is bringing BTC down. Equities crypto GOLD all crashing
As opposed to BTC, which has lost 50% in the last 12 months
So the real world tangible use of gold makes it worth $3800 per ounce? Gold's current asking price is based on it being a store of value, not because it can be used in electronics. People like you who say gold has tangible use honestly infuriate me because you're arguing against yourself and can't even understand that. Why aren't people buying wedding rings made of gold anymore? Because it's value as a STORE of value is far greater than its value as a tangible use item. So in that case it's subject to the same conversations as BTC. It's highly speculative and people buy it looking to sell it for more to the next person that comes along. Hence why there are websites all over that allow you to buy golden eagle 1oz coins, gold bars etc. are those being bought to get melted down into your electronics? No, they are being bought as a speculative investment and hedge against inflation.
Ok what do you mean by this? "But no exchange or miner has that." Example, If there's only 5 miners that in total, sum up to 51%, then it's a lot easier to do it. The trend is clear, concentration of BTC held by intermediaries and consolidation of miners.
It sounds like “time value of money” and “opportunity cost” are foreign concepts to people who can’t acknowledge that BTC has underperformed a boring, far less volatile basket of assets for 3 out of the past 5 years. You can put any kind of narrative you want on that, but those are the facts. Most investors don’t see that as a positive 🤷♂️
The numbers are accurate but all they really demonstrate is the risk of buying at ATHs during the euphoria stage. Smart money sold when BTC was >$100k last year. Dumb money bought in at the top and now they’re being punished for it. I think they’ll make their money back eventually, but they will need to wait. That’s just how it goes in this game. If your time horizon is strictly 5 years then Bitcoin may not be the best option for you.
The numbers are accurate but all they really demonstrate is the risk of buying at ATHs during the euphoria stage. Smart money sold when BTC was >$100k last year. Dumb money bought in at the top and now they’re being punished for it. I think they’ll make their money back eventually, but they will need to wait. That’s just how it goes in this game. If your time horizon is strictly 5 years then Bitcoin may not be the best option for you.
LOL. Why not the two year? **Total Cumulative Return.** BT declined by **$21,872.54** per coin, representing a **-25.02%**cumulative drop over the two years. **Annualized Return (CAGR).** Smoothed across the 2-year timeframe, the investment compounded at **-13.41%** per year. BTC is not an investment vehicle. It’s a meme. A way for people to swap something between each other that has no value. I am extremely happy I invested such a minuscule portion of my portfolio in it because watching five years go by with nothing to show for it when productive assets like stocks compounded tremendously and will continue to do so since they are productive assets. If it goes to zero don’t count me as one who would be surprised by such a development
I got lucky....I only had put about 1-2% in and ONLY due to Trump and COVID (bought some Gold too). I ended up making money - quite a bit, actually. Like "can buy a new car" money. But that's because I sold chunks when it went up...they I bought a little of Fidelity GTC fund and made a few quick bucks.... Not to say I would have lost much if I held....but once I truly realized what was being done (how folks were getting scammed thru cc and so on), I'm out. I enjoy the stories, tho. My car sales guy...his dad was a local ISP and someone paid him 250 BTC WAY back....maybe for a years modem access to the web. He sold them at < $100 apiece.
Check this out. If you would have put your life's savings in BTC just five years ago.... You'd have ~4% return on investment. Just think about that. Btc really is the future huh!!!/s
Hahahahaha the OGs of crypto are still in profit and they know its just another test so they dont bother. All the people speaking about “life destroying” and “crypto not working” that are complaining here are either 18 year old kids who learned about crypto last 2-3 years or people hodling 200,000 BTC trying to create more panic so they can buy more hahahaha
BTC decided to give me a chance to buy, so that is exactly when i am doing!
Just holding in usdc, getting a tiny little 5-6% weekly interest bump from that. I hated cold storage, just seemed so….clunky and problematic. Didn’t think risky but obviously we all now know it’s that too. I’m just in Coinbase. Just converted BTC—->USDC and held there. I have the debit visa tied to it and also and the credit card visa. I deployed some $ to buy equities within Coinbase too, which they offer a lot of different stocks to buy.
It's down 31% for "general consumer goods". If this is compared to say.. housing.. its down 54%. If it's compared to BTC (point of this sub) it's down 56% to 99%+.
I see what you're saying but it is something that is finite. Such as the comparison that it's the digital gold. I was always very bullish on LTC since I saw that as the way you would purchase things such as your coffee at Starbucks or what not, then BTC is like your savings account that has engaged interest over time. Interesting take though where people lose an interest in it from an investment standpoint. That being said, one of my ones that I'm bullish on like LINK it's really investing in the technology of smart contracts. Oracle made a huge investment in it. I also think JP Morgan Chase wealth Management now offering cryptocurrency as assets to manage and have their clients invest in will drive up the price of the market as a whole. And then the irony is I left Chase not only after locking my money up, but they have a zero tolerance policy with cryptocurrency so you can't buy it. I actually believe me depositing funds into my account from my crypto exchange is what created the final straw for them to put me in that AML review for 90 days. And then they get to make their interest on my money since it's locked up for 90 days as well, so they get Best of both worlds.
Sometimes I'm glad I left BTC and the community behind me. Love the tech, the community really consists of 12 year olds with 2 brain cells.