BTC

bingbingMMapple

After a thousand hours BTC becomes the portfolio.

FOTW-Anton

Have a portfolio that's 2/3 in BTC and another 1/3 in ETH and alts from 2016-2017. The BTC and ETH have done well... the rest of the alts have gone to shit lol.

Amber_Sam

That's correct. **They are scammers**, telling people BTC isn't Bitcoin, despite the market deciding what Bitcoin is already in 2017. They think some kind of authority will decide. In 2017, they even believed Faketoshi created bitcoin because he sided with them.

timbulance

Gotta be careful with those tumbled BTC though.

NaiveMercury

Finally broke 58k thank God, the weekly chart on BTC looks beautiful, we're so back

timbulance

My second hand BTC is scratched and still works without warranty 🤣

Deaquire88

it does matter. Of course it matters. We're hoping it goes up. What is the benefit of BTC if it keeps moving sideways? Can you honestly you'd be happy if it moved sideways for the next 10 years?

Digital_Scarcity

Schiff for brains embarrassed himself by saying you can divide BTC a quadrillion times therefore it's not scarce. That's some retarded stuff. That makes it easier to understand why he also doesn't get that gold's monetary value is what it is only as long as we collectively decide to continue to value it as such. All monies are a belief system. This exact phenomenon also applies to the digital commodity money, Bitcoin.

Falvonator

Indirectly yes. The pending doom of the World Reserve Currency has helped me justify stacking SATs but after the new World Reserve Currency is determined through strong performance, I still don't know if I would exit the BTC game. But if we are loud enough, maybe BTC will become the next World Reserve Currency.

btc_clueless

Wait until you see the ETH chart. We are back in Dec '23... But yeah, good for BTC, it also made a higher low last week which is a good sign. Bears seem to get exhausted.

Abysskitten

Props to EL. Two years ago, countries, along with the IMF, were bemoaning their choice to start stacking BTC as a reserve. Cut to now, there's so many examples of countries legitimately considering a BTC reserve.

PopeIndigent

Technically, #BTC is cryppled. Then again, the market can stay irrational longer than you can stay solvent sometimes.

nicotinecravings

Yeah when things start going people get greedy. When people get greedy they think BTC won't give them enough returns so people go to alts. Alts will go crazy and especially memecoins go crazy

notwoke1994

Because I can make more profit from the altcoins this cycle. I need to take some profit out of this and then put the rest back into BTC in the next near market. I don't have thousands spare to just ape into it now.

fearless_overlord

To have high returns in any coin besides BTC and ETH you have to nail the entry point. Long term, BTC beats their ass, including ETH's too. So safer bet is just to stick to BTC and forget about it. Compare Top 50 now with last couple bear and bull markets and you'll see.

Citizen_Kano

BTC must've so cheap 268 years ago

Citizen_Kano

Yeah but everything other than BTC is as red as a firetruck

DiedOnTitan

Pretty sick of hearing about the price movement of Bitcoin. Whales with capital can easily manipulate the price because the availability is in short supply. If someone buys a billion dollars worth of Bitcoin on the open market, the price will go up. If someone sells a billion worth, the price will go down. Who cares? This does not impact the fundamentals at all. Bitcoiners take the long view. Hashrate is the real metric. Energy usage cannot be easily manipulated. And if we look at the amount of energy securing the Bitcoin network vs all other shitcoins combined, we see close to 95% of all the energy in the so called "crypto" world securing Bitcoin and Bitcoin alone. Run a full verification Bitcoin node and we can verify the difficulty with a single command: `$ bitcoin-cli -getinfo` `Chain: main` `Blocks: 860970` `Headers: 860970` `Verification progress: 99.9998%` `Difficulty: 92,671,576,265,161.06 #Added commas for easier reading` `Network: in 49, out 10, total 59` `Version: 270100` `Time offset (s): 0` `Proxies: n/a` `Min tx relay fee rate (BTC/kvB): 0.00001000`

wh977oqej9

But if you have picked the wrong ones or if you didn't sell them at the ATH, you are in the basement now... If you were BTC maxi then, you are at worst on break even.

AlternativeWinter

Try BTC payserver

analogOnly

Too early or too late usually pertains to a goal you have in mind. Maybe that's an amount of BTC you would like to own, or a price you had in mind to either buy or sell. Right now, we're too early for $1,000,000 BTC but we're too late for $10,000 BTC. Likewise this can be applied to BTC amounts as well but that depends on your own personal wealth and your ability to buy those BTC in a given amount of time.

PirateSKB

268 years is a long time to be holding Ergo. BTC would probably be a better bet

Dettol-tasting-menu

You know what made my day (but fully expected)? ETH/BTC -> 0.04 and continue free falling

EscortRSBoom

Depends if you hit the right altcoin at the right time. Some altcoins can give you a life time of interest in one year over BTC.

btc_clueless

Yep, these are two big ifs. Very easy to miss and not sell the top (What if it goes higher?) and then hold all the way to the bottom again. Been there done that, more than once. At least BTC is a good longterm hold, unlike alts.

RedneckHippy76

I get it, but I read somewhere that Michael Saylor recommended at least 0.1 BTC

ashinamune

It feels like BTC is getting mainstream, my co worker who doesn't know anything about investing is talking about that I should buy BTC because it went up 5% yesterday and the price will rise in 2025.

GrayersDad

I make daily purchases to minimize the impact of Bitcoin's volatility and to avoid overanalyzing whether the price will go up or down—should I buy today or wait for a dip? Buying daily is a worry-free, stress-free approach for me. I don’t buy a large amount at once, only to watch the price drop 10% and regret it, knowing I have to wait two weeks before I can buy more, uncertain if the price will still be low or if it will have gone back up by then. All I have to worry about is ensuring I have enough funds in my account for the automated daily recurring buy to happen. Another approach I take is that it's more important for my Bitcoin holdings to keep increasing than to focus on my average cost. There are times I pay more for 0.005 BTC than I did the week before, and times I pay less, but what matters is that my stack keeps growing. For proper UTXO management, once you have accumulated 0.01 BTC on an exchange, transfer it to self-custody. This 0.01 BTC amount aligns with commonly agreed-upon practices within the Bitcoin community for proper UTXO management. Lastly, continue asking questions if you're unsure about anything.

paxwax2018

Damn, those goals posts keep moving. “All transactions are bartering” is the exact opposite of the meaning of the word “barter”. “Currency is not a special thing”, yes it is, it’s the chosen mechanism of exchange in a country. No idea what your argument is after that, I drift off when “fractional reserve banking” comes up because it’s got nothing to do with anything related to BTC. Which is not currency.

N_GHTMVRE

Sure if you picked Solana or Ordinals/BRC-20 tokens on BTC, you would've outperformed BTC. Those have been the only obvious ones this run so far.

Xero-Max

This sub changed from an alt shilling ground to a BTC town. The cycle continues.

2peg2city

ETH tech pumping BTC, as always, this is good for Bitcoin

GCM1313

Too early implies parking an investment while the underlying trades sideways for a period of time during which you could have materially over performed with an alternative, zoom out BTC and that’s a tough case to make over it’s history. Never too late. Put another way, all things equal, best time was yesterday, second best is today.

BluehibiscusEmpire

The fortunes are make on the alts. They are also lost there. The investment is in BTC.

nugymmer

Um, I don't think we'll see anywhere near a 50% discount any time soon. I'd love to buy BTC for a discount, but I know that's not going to happen. All you can do is slowly buy in or wait and hope for the best.

Final_Winter7524

What bullshit. Crypto is global. And another Trump win would stir all kinds of fears and concerns across the world. No way would BTC surge just because the orange turd has been rambling about crypto a bit lately. He’d forget all about it first day in office and would focus on brown-nosing Putin and tracking teenage girls’ menstrual cycles. Also: Fed might not cut due to recession fears? My dudes, recession fears typically trigger rate cuts to help the economy. What is it, Backwards Day? 🤦‍♂️

Zombie4141

Nobody knows. Above commenter is talking about the fractional amount of the total supply. Since there can only ever be 21million BTC, .21 BTC is 100millionth of that. Obviously some people own more or less, so it’s impossible to know how many people own a specific amount.

Crypto_Powered

Kamala winning the debate, that is a joke, right? You need to stay off mainstream media because they lie to you at basically every single moment they speak. No BTC won't pump anytime soon in fact we might be in a very crazy wild ride for the next three years until the next halving.

katiecharm

BTC was first and it will be hard to topple; these are both true.  But I think it will happen in a long enough time scale 

BlazingPalm

Well, I would hope that layer 2’s are much more robust and accessible soon- that would really take the edge off. Even still, if gas fees are .01 BTC per transaction, that is a big problem. As price increases, that could be $2000-$3000 worth in gas. I guess buy miner stocks bc they would flourish with that.

hippielovegod

I have both: Bitcoins,since 2017 and Gold since 2009. And Stocks since 2002. The only part I ever buy and sell is the latter. I did once sell a fraction of BTC when it went up to 67k since I bought in at 500/piece,because I wanted a new guitar….

Satoshiman256

Exactly this. I wish I hadn't bought my shitcoins and just stuck with BTC

Strykerdude1

I dunno. BTC barely moving tonight but my bag of SUI is on 🔥

shart_leakage

It’s the people who actually have, and boast about, tens or hundreds of BTC that make me wonder wtf they are thinking.

timidpterodactyl

BTC is either for the rich or the stupid.

BlazingPalm

What? .01 BTC is worth like $580. I’d go with .001 BTC. Not a huge deal though if you have a HWW with passphrase capability. Wait for gas fee to lower, send your entire stack from main wallet to hidden and it’s all good 👍

SillyMoneyRick

What does any of this mean? I have significantly more than 0.2 BTC and have no idea.

uduni

Bro u are new to this game. If i wouldve thrown everything only into BTC i wouldve been up an additional 2500-3000%

notwoke1994

I'm only on 0.025 BTC plenty other alt coins though. Hopefully will lose a zero on my BTC someday after this cycle

DungeonVig

Trump is gonna put the biggest tariffs you’ve ever seen on BTC.

-Pruples-

50% off sale on BTC, you say?

analogOnly

I don't really know the purpose. If you wanted to transact off chain with your KYC BTC, you could. You could trade your KYC BTC for someone else's or non KYC BTC off chain. So let's say you have coin which isn't KYC'd and you wanted to purchase something illegal or just High risk. Let's say it's pretty serious, and the person or entity whom you are purchasing/trading with gets caught. All transactions are visible on the blockchain and your address would show up, now they know you exist but don't know who you are. Alternatively if it was Non-KYC they should able to take records from the CEX you used to purchase or withdraw the bitcoin, and at least relay the KYC information you initially provided, ruining your privacy of that questionable transaction.

Signal-Judgment

My guess is that his response will be that eth/BTC will converge to 0 in the long run. That ratio is looking pretty awful right now tbh.

Every_Hunt_160

Even for the last crypto bull runs (2021 and 2017), altcoins have outperformed BTC during 'alt season' 'Alt season' is even termed that way because that's the period where market share of alts go up, and alts outperform BTC as a result. That's what the 'BTC maxi' argument like to ignore.

Every_Hunt_160

Because we are in a bear market. For the last 3 bull runs, wen alt season hits majority of the top 100 alts outperform Bitcoin in terms of returns. We aren't in that stage yet so obviously if you take today's prices BTC would be outperforming/bleeding less compared to the rest. If we enter into a full blown bull market in 2025, the numbers would likely be very different.

doives

You do you. BTC can't provide the same gains ETH can provide. Unless you have hundreds of thousands to invest, the BTC ship has sailed. ETH can stil provide excellent gains, without needing that kind of starting capital.

Intrepid_Guidance_57

Ahhhh ok yes I see…. That makes sense to me now… I guess the only other curiousity I have is if the government did seize all privately owned bitcoin , how would one go about using their non KYC BTC anyway? So confusing haha 😝

Kronos5111

Really paranoid people may want to hold some as non KYC as a separate stash from their main KYC stash simply because they may believe the government could turn on its people and try and seize all privately-owned BTC similar to what happened with gold at one point. Thats the only legitimate reason I can think of aside from tax evasion

fugogugo

realizing only BTC matter is called growing up

Obvious_Bot_Acct

Buy FET. It outpaces all the other alts as BTC moves

SciPantheism

That would be the best thing to happen. It would be a massive redistribution of BTC that frankly is sorely needed.

Dizzy-Actuator3828

This keyboard does not allow you to access the bios. Are you sure you have access to your BTC always? 😅

Rich4s

Just graduated high school and I’ve put %50 of my wages into BTC (I’ll be posting a 10 year update for everyone that wants to see the results)

WR3CKONER

ICP, or its ecosystem. Or keep it simple with BTC

jgarcya

You need two accounts... Long term storage... BTC And a trading account.... I like the classics for this ... BTC, Doge,LTC, bch... If they all follow BTC... There's money to be made with these.

Dfranco123

She is ready to break out 👀 Let’s go BTC!!!

biba8163

I call them Alts because they cannot attract any capital. They are entirely dependent on the prime mover BTC going into a parabolic run and feeding off BTC profits as investors seek higher returns. Every single Alt investor and every single Alt sub talks about a Bitcoin bullrun and then their coin will do 5X, 10X, 20X. Without BTC, there is no hope. All their use cases and fundamentals are fictional hype unless BTC goes on a bullrun. > archaic and outdated The newer projects have ZERO chance. Every new project has extreme predatory tokenomics without any demand for the token. The VCs, insiders, founders all get a massive percentage of the supply, release a small fraction of it to pump up the marketcap and slowly rugpull to kingdom come until all investors eventually capitulate. The think that you don't seem to understand is BTC is just not like every other blockchain. It's not the tech. It's a monetary principle and idea that has been adopted. Money/Value is a social construct. Bitcoin has achieved that whether you like it or not. We're not going to get a new blockchain with better tech that comes around every 5 years and replaces the one that came before it. It's not the tech, BTC is a monetary social construct that has been embraced by even TradFi and Wallstreet. It is digital gold.

Clean-Wallaby3164

What does having a sore foot have to do with mining BTC? I think you have BTC confused with gold mining.

foxhound-19

I don't need it to replace the currency. Bitcoin just need to do what it does now - a good store of value that doesn't get debased over time. When I need it, I exchange it for whatever the currency it is to purchase my milk and eggs. Having the assurance that what I've earn through sweat and blood don't get diluted over time when I save it, is the best use case for BTC.

katiecharm

Calling other blockchains “alts” shows how you are a deluded BTC maxi right out the gate.  Bitcoin is but one potential blockchain; and it’s archaic and outdated.   Your argument boils down to that Bitcoin will always be the largest crypto because it’s the largest crypto, and you used a lot of words to say something profoundly stupid and you should be ashamed of yourself 

biba8163

The problem with Alts is that 99% they pump and dump and fade into obscurity. Even the most successful Alts pump but eventually lose out massively against BTC. If you look at the most successful Alts long term, you can see they ALWAYS go back to and below their initial BTC value -- here you can see the trend of where even ETH is headed for the same fate. | | Initial | High | Current | |:-----------|------------:|:------------:|:------------:| | LTC | 0.03 BTC| 0.048 BTC | 0.001 BTC | XRP | 5,594 SATS| 22,500 SATS | 940 SATS | XMR | 0.005 BTC| 0.035 BTC | 0.0029 BTC | ETH | 0.01 BTC | 0.15 BTC | 0.041 BTC   The problem with Alts is that they cannot CANNOT attract capital on their own. Even when you look at the most successful Alt ETH, you can see that it only appreciates and attracts capital after money flows into BTC and flows out seeking more profit. The entire hope of Alt appreciation comes from BTC going on a bullrun and hoping profits flow to them. - Summer 2017, ETH hits ATH of $400 after BTC hits local top of $3,000 - January 2018, ETH hits ATH of $1,400 after BTC hits cycle top of $20K - May 2021, ETH hits ATH after BTC tops out in April 2021 - Nov 2021. ETH hits ATH in December after BTC tops out in November 2021   If you look at the Grayscale Trust products for other cryptos and the ETH ETF, you can see there is practically zero interest in anything else besides BTC for TradFi. Even ETH has zero ability to attract money when BTC is not in a bullrun. | | Net Inflows | |:-----------|------------:| | BTC | +$17.04 Billion| | ETH | -$562 Million| What this leads to is a saturation point for Alts and they either dump to obscurity or in a best case scenario they continue to lose value to BTC long term.

leavesmeplease

Yeah, I get that. Chasing altcoins can seem pretty tempting for quick gains, but it’s pretty risky. A solid BTC foundation might just be the safer long-term play. Just keep an eye on the market trends and don’t get too caught up in the hype of the latest meme coin.

Humphrey-B-Bear

I've had h'ware wallets brick on me several times during updates so don't assume you won't need to reconstitute the wallet a few times. You're strategy seems very robust and certainly commendable. If I were to add one element that may be missing is "simplicity". Andreas Antonopoulos states that the chances of loosing you BTC though overly-complicated procedures is often times greater than via a simple theft. However the strategy that is right for you is the one that helps you sleep best at night so do what works for you.

Dazzling_Marzipan474

It just comes down to risk/reward. If you have like $1000 to your name to invest maybe BTC isn't for you. Getting like a 10x in 10 years won't change anything. If you hit the lottery on a 100x or 50x shit coin then it could change your life.

katiecharm

That’s the stupidest fucking thing anyone has ever said.  Plenty of blockchains have launched fairly without a premine.  Monero was one, and there are others.   And even with “an absent founder” there were plenty of assholes who lucked into vast vast fortunes of BTC by just being at the right place and right time. You’re gonna sit there and argue that Roger Ver deserved 300k bitcoins obtained nearly for free? Also Bitcoin is hardly decentralized.  All major decisions (of which there aren’t many because the dinosaur chain is a stagnant relic) are made by a core team of devs, and mining is centrally controlled by a few huge pools and farms.   There’s a thousand reasons why bitcoin may have already peaked and anyone with any common sense laughs at deluded maxis.

MrKillerKiller_

Almost all crypto will explode IF Bitcoin does. Its all BTC money that pumps the alts so once you learn how every cycle is a giant swing trade and EVERYONE sells off the top. You just have to pick your sell point and understand it always resets back so never FOMO. You can’t miss out in crypto because you just wait and it allll comes back down to you….always.

blorpianblorp

I actually fixed it just now. Kraken wallet sucks for BTC. What I did was import the secret phrase into Trust Wallet and it let me resend the transaction, went through almost instanlty

Humphrey-B-Bear

Your journey then seems a little more mature. I would however add that a 3 month period is arguably too small a window to be confident of growth. BTC has been ranging for something like 160 odd days so far this year and while we're confident it will go up eventually, no on really knows exactly when and you'd hate to buy today at $57K and then watch it range back down to $51K in December when the interest free period ends. I would continue your slow buy in with money you own today. Tortoise vesus the Hare kinda stuff.. Good luck.

PressureSouthern9233

BTC - Buy That Coin

noknockers

15 BTC > $1mil over time.

cubeeless

BTC to $400k!

Mr_Hodlerr

Do you convert alts to BTC when they pump and repeat the cycles while holding BTC?

Dramatic-Battle-9737

The thing is it will do both, repeatedly. Taking supply and demand out of it the cycle goes more miners => mining more expensive => less miners => mining less expensive => more miners … Now factor in almost and soon to be negligible supply, increasing adoption and devaluing of fiat and that is why BTC price will keep going up for a long time to come.

TexasBoyz-713

Can’t, every single electronic I own is a real-time BTC ticker

TexasBoyz-713

Depends. If you make 500k a year, yeah you can throw $50k at BTC. If it’s much lower than that, voo

Gooner_93

Maybe but still being a millionaire is still a big deal, cause they can set themselves up with a good amount of BTC, if they believe in it.

Potential_Duty9709

What is the best platform to use to store BTC ?

Scrapin-Nee

It’s vastly underperformed where I thought it would be, especially if you adjust for inflation. Lots of things to consider… Halving is far less impactful, but ETFs have bought up a lot of issuance. If republicans get in the White House expect to see Bitcoin custody/lending in banks which will affect its value. Bitcoin Dollar theory would cement BTC as the asset to perpetuate the U.S. treasury ponzi via Tether. Miners are capitulating at these hash prices, but some are being incorporated into the grid and offer priceless flexibility to grids stacked with unpredictable renewables. This need will grow and eventually you won’t be able to separate them from one another. We haven’t had another 2020 inflation spike to open more people eyes. People stop being lazy and learn when they feel pain and need a solution. 2020 was an eye opening year. Many got orange-pilled during the lockdowns when they had time to be curious. Bitcoins price is dependent on how educated the hodlers are. It’s not about the top, but where hodlers set the floor. Even if the 4 year cycle breaks and uptober never happens, it’s still the best store of value long term as fiat is designed to be debased and other assets barely keep up with inflation. Where else are you gonna store your savings? A break in the 4 year cycle would shake out the speculators/tourists and ultimately will be a good thing for long term hodlers. The U.S debt is math. Bitcoin is math. If Bitcoin can remain decentralized and secure it will do what the math says it will.(which is go up against all money which isn’t as scarce.) IMO the 2 most amazing things about Bitcoin are the absolute scarcity and the ability to monetize stranded energy that would otherwise remain wasted. Bitcoins value if not priceless is worth millions of dollars per coin in today’s dollars, but many don’t see it and it’s this information asymmetry that separate the people who benefit going forward.

Dry-Excitement-8543

I heard people like you watching BTC at 28k, trying to be smart by waiting for a drop and a lower DCA only to see BTC pump above 30k and trying to catch a train that has left the station. At today's levels, even with all the fear around the sideways movement by people who lack a long-term view, it looks silly today that anybody would care if BTC was 28k or 26k. You will be one of those people who will look silly when BTC breaks the 100k barrier.

01technowichi

> You realise “barter” means “a transaction that doesn’t use currency.” That's a silly, backwards definition. All transactions are a form of bartering. Some use currency. You are *already* trying to make currency a special thing, when it's not - it's just convenient. > It’s shit and why we invented currency as a way of abstracting away from trying to value every commodity by every other commodity. Currency is used to circumvent the coincidence of wants. A byproduct of currency is easy analysis of market conditions, captured by the relative price of goods. It's not the *reason* currency was invented. Currencies exist where markets do *not* actually capture this information, therefore it's nonsense to say that this is the reason. > BTC is not a commodity because it’s just a database entry. It has no practical use that defines its value. You think USD aren't "just a database entry?" Oh, to be young and ignorant... All modern currencies are just database entries. You can't do fractional reserve banking without that being the case. By your same logic, the USD has "no practical use that defines its value." After all, the USD is only valuable based on who is able and willing to part with things to receive it - exactly like everything *else* - and has exactly *zero* more intrinsic value than a Satoshi. You can argue that BTC is less *convenient* as a currency, because less people are willing and able to barter for it, but it is fundamentally no different than any other modern currency (fundamentally - obviously there are differences in, say, the ability to conduct fractional reserve banking or to print/inflate it).