BTC

Grand-Button5819

Imagine you have 5 BTC. If the general Bitcoin thesis is right, you're going to be quite wealthy in the not so far future (10-15 years?). We're either directionally right and you're going to be wealthy anyway and that extra 20% won't make much of a difference in your lifestyle or we're wrong, Bitcoin is going to zero and 120% of zero is still zero. Now why would you **risk** **all of it** for that extra 20% that won't make a real difference? You could go from having 5 BTC to being liquidated and having 0 BTC. Imo that's greedy and quite stupid. You might get lucky, but more often than not, that's how you lose your Bitcoin. It's quite simple actually. Since there's a finite amount of BTC overall, if you put in 5 BTC and take out 6 BTC that means that someone somewhere put in 1 BTC and took out 0 BTC. That someone thought they had a good idea to make more Bitcoin as well. DCA -> cold storage -> HODL for years. This is the way. Stop trying to beat Bitcoin. It's the best performing asset so far. Is that not enough of a return for you?

AgentSmith2077

Looks fake, but I'm no expert. The printed number doesn't match any of the officially made 1000BTC bars. They all started with "1A". You can look them up here: [https://casascius.uberbills.com](https://casascius.uberbills.com)

WorldlyCaramel3793

One reason I'm confident in bagging BTC is that I believe it's never going zero

Dry_Astronomer9729

If BTC was around $50k I’d consider it

Ok_Researcher8003

More BTC for the same amount of money.

ReceptionSmall9941

That setup can work, but I’d wait for confirmation rather than front-running a neckline break on one timeframe. Watch volume and BTC trend alignment, because SOL often whipsaws hard when broader risk sentiment flips.

whodkne

I just went the loan route. But not solely for BTC. Same idea though.

olivergx

Watch out for people, throwing over another stencil of their own QR. Maybe it will be safer to buy yourself a domain that can redirect people to BTC.

Left_Entrepreneur918

Nice to know that the T-1000 can transact BTC with Skynet even after we are all dead from the holocaust

aaakasei

lol BTC>>>MSTR anyday

Concept211

Rough spot man, but you're doing the right thing by reflecting on it. Small caps are brutal - they look like 10x opportunities until they're rug pulls or slow bleeds. That's the hard lesson most of us learn the expensive way. For anyone reading this - start with established stuff like BTC and ETH. Learn how markets actually move before touching altcoins. Position sizing matters way more than picking winners. If you're new, put in what you can afford to lose and keep way too much in stables while you study. Takes time to build intuition for what's legit vs what's hype.

Past_Computer3343

No, trezor is not multisig. MS is a more sophisticated and secure way to store your BTC (no alt coins) where you have one key, someone else has another key and you can use services like Unchained or Casa that will keep a third key just in case one of the keys is lost. I think it makes sense for bigger amounts. That’s up to you to decide if it’s worth for you.

kingcakeaholic

I used paper wallets over 10 years ago. While they work, it’s not for the novice or faint of heart. There are serious risks with paper wallets that can be avoided with something like a ColdCard MK4, which I’d recommend. Also- there are tons of (sponsored) how to videos by a guy named BTC Sessions that will take you step by step on how to use the ColdCard. Highly recommended.

Sos418_tw

MEXC is a choice for Europe. They offer deep liquidity for BTC/ETH options and maintain VASP status.

kingcakeaholic

Also- plenty of how to videos on YouTube. Look for a guy named BTC Sessions and his (sponsored) how to videos to use the ColdCard

SnooEagles2610

Man… the BTC I spent on Silk Road at $250 per coin was worth every sat!

Used_Rhubarb_9265

You’re right about margin calls on the downside. On the upside though, nothing forces a change. If BTC goes from 79k to 100k, your LTV improves automatically. That means less risk of liquidation and potentially lower interest tiers depending on the lender. I’ve tested this on platforms like Nexo and the main benefit was peace of mind. The loan stays the same, but your cushion grows. It’s actually a pretty common strategy during bull runs.

LiveSlay

Nothing to be exited about. BlackRock is a gambling company. They don't buy and hold. They buy cheap and dump when price goes up. Companies like Blackrock, JP Morgan, Jane street are the reasons why BTC price is getting manipulated so much. Companies buying Btc for their balance sheet are good. Wallstreet traders are curse to Btc.

HungryLittleWombat

The truth is: no one knows. "This time is different" was said many times. Institution and ETF's impacts can cause a difference or not. I can argue either way. They bought a lot! But it's still a small percentage compared to the whole BTC stock. EFT buyers see the price of the ETF go and down on their monthly statements. How much attention do they pay to the BTC price? How many of them know of ATH let alone caring what's the latest or previous ATH? I don't know. I'll just choose a percentage drop to start to scale dca with, hoping that I'll get close to the theoretical lowest price that never happens.

watch-nerd

"start replacing fiat with BTC." Just stop. This narrative is soooo old. It's not going to happen. Even teensy and corrupt El Salvador's experiment mostly failed.

Scarab702

BTC is having diminishing gains as well as diminishing drawdowns.

prinky_muffin

You’ve basically got the mechanics right, crypto loans let you borrow cash while keeping your BTC, but there are a few key things to know. Usually, platforms like Nexo, YouHodler, or BlockFi let you borrow a percentage of your crypto’s value (the LTV, loan to value ratio), typically 50-70% for BTC. That means with $8K in BTC, borrowing $4K is doable, but borrowing closer to $6K could be risky. The main risk is price volatility. If BTC drops and your LTV exceeds the platform’s threshold, they can liquidate some of your collateral to cover the loan. Interest rates vary, on Nexo for example, you might see 5-10% depending on how much you use their token for loyalty perks, but it’s generally lower than unsecured personal loans. Compared to selling, loans avoid triggering a taxable event, but you’re exposed to market swings. Overall, it’s a handy option if you want liquidity without selling, but you have to be aware of margin calls and stay on top of your collateral ratio. Nexo, YouHodler, and a few others have been around long enough to be considered relatively safe in the CeFi space, but nothing is zero risk.

Flamboiant_Canadian

I hold Polkadot because of the Nakamoto Coefficient. As much as everyone has their own personal opinion on it, it is extremely decentralized, tech-forward, and completely open source. If I was going to put money into anything, this is it.  If I need to buy something digitally that I can't use a credit card for, I use BTC.  If I want to explore digital infrastructure, I use ETH.  Denying it's uses doesn't mean it is pointless, it's just not as valuable as everyone thinks it is (yet). 

Flamboiant_Canadian

Idk what's bullish about practically every BTC in existence being held by a few thousand different wallets? I'd wager outside of the lost/burned tokens, that a good 90% of all BTC is held by these few thousand wallets? 

MajorAnamika

The dollar can buy goods and services. Try paying your dentist or taxes with BTC or Shiba Inu or any cryptocurrency.

MajorAnamika

The article is not stating that BTC is dead, but that it is pointless. It is not used as a currency in any meaningful way, 17 years after its invention.

spirax919

We are so early its scary Imagine how high prices will go when countries start replacing fiat with BTC. Holy shit this is insane

OpticallyMosache

I'm tempted to borrow funds on my BTC at $40k.

Suspicious-Cut3237

If you are open to a CeFi option (so not multisig / self-custody), Nexo is the one I have actually used for BTC-backed borrowing. What stands out in practice is it works more like a revolving credit line than a fixed installment loan - you can tap liquidity without selling and repay whenever, but the whole game is LTV discipline. Nexo even spells out how they think about LTV and why it is the key risk variable. I treat it like this: keep LTV conservative (aim \~10-20%), assume BTC can still dump fast, and only borrow for short-term liquidity gaps. Rates are advertised as low as 2.9%, but your actual rate depends on your setup, so I would sanity-check the effective cost before drawing.

Jealous-Reindeer-610

Earn it, become part of the BTC economy , provide services or products for those in the BTC community

Dragons_Potion

Bruh, you can flip that gift card to BTC on NoOnes. Just watch out for fees, they can sneak up on you like an ex at a party. Happy trading!

Odd_Bar9513

You won’t get access to my BTC by robbing my house. My mnemonic isn’t stored here, and also the passphrase is only stored within my head. Also it has nothing to do with my cats. I appreciate your concerns, tho. I might take this down at some point.

spirax919

are you high? The mass will adopt it. BTC is the perfect currency. It will replace fiat

_Unspoken_Truth_

Learn from my mistakes, no matter how good the technology is, it doesn't matter. You're going to get your ass kicked. Take it from someone who bought about 1/3 of my current bag of DOT at $25, didn't sell at $50. I sold most of my bag at $5 which ended up being my cost basis. Same with ALGO. I bought most of my bag around $0.30, and then another huge amount at $0.08. And I'm about to sell it all in a few days for barely a profit. (Thanks staking rewards). Both projects are great technology, hell ALGO has about the fastest damn transactions on the market. And DOT is impressive too. But none of that matters if no one uses it. No one uses alts. BTC and MAYBE ETH are the only two that are worth it. Those are my only two bags I made money off of. And the only two bags I'll have left by the end of this year.

patriotgp

If you margin your current BTC and the low is lower than expected you may loose some sssets depending on how low ir goes

AldebaranCF

At this point with china and russia bringing the gold standard back and both of them banning crypto, it’s a gamble at this point. Plus with BTC being used to traffic in the Epstein files, it’s just too much, I like money but I prefer to invested in some else, morals over gains.

CoinPurloin

NYT endlessly trashes BTC and Crypto. It’s relentless.

chubs66

Yes it has. It was supposed to be digital currency. I don't know a single person that's ever bought anything with BTC. I've held for years and have never considered buying anything with it. BTC has become digital gold -- a rare thing you store because you don't trust fiat currency.

jett1964

I’m pulling for you. Keep good notes while you’re away about your life, and- if you make a killing with BTC- you can star in your own feel good movie of the week. I’m hopeful.

Both-Zucchini9290

Yes lol. And tomorrow might be too. The bigger question isn’t “when”, it’s “how consistently.” Buy when it dips? Sure. But don’t go all in. Start small, learn the cycles. I grabbed my first BTC through paybis because it let me test with a small amount without jumping through 100 hoops. That helped.

ColtAzayaka

OK, this makes a lot more sense now. If your goal is that long and is intended to benefit your children, then I would suggest you look into self custody so you can get some "wiggle room" with the taxes (or restrictions in movement/liquidity if not sold, I'm not 100% sure on US tax law when it comes to the inheritance of a 401k by adult children instead of a spouse). I would still suggest you DCA into bitcoin securely (self custody, cold storage) and leave the tried and tested to continue growth. Separate the risks and ensure they will get something. $800k in safer, diversified funds over their lifetime will yield insane results without the need for such risk. The difference between guaranteed millions and a few million more isn't worth risking a potential outcome of (next to) nothing. Also the past performance of BTC might be skewing your perception of the potential reward here.

Necessary_Flounder_7

I think people are misunderstanding the risk profile here I’m not doing some crazy 20x, 50x, or 100x degen play on Binance Because I'm only adding 2 BTC to a 5 BTC base stack, this is mathematically just 1.4x leverage

Necessary_Flounder_7

Selling triggers a taxable event. If I sell 5 BTC today, I owe 25% on the gains instantly, meaning my stack shrinks before I even try to buy back at $40k. Plus, if it doesn't hit $40k and goes up instead, I'm left behind. Borrowing against it means 0% tax, I keep my 5 BTC exposure no matter what, and I still get the leverage for the bottom

qpxa

Remember no wash sales on BTC. Harvest the losses

DC8008008

It might work out, or it might not. I would invest mostly in low fee index funds like VT or VTI, and then maybe allocate 10-20% in BTC.

azblazer007

Sucks but true. BTC only no more alt seasons coming. To many scams

_Barracuda_478

You can also look at it this way: If you had invested $2K every month for the past 4 years, you would had invested $96,000 in total, and the BTC value would today had been approx. $175,000 (approx. 2,17 BTC)

Necessary_Flounder_7

Yes, I'd say the former is a far larger risk with shitcoins rather than BTC, but the point still stands. You're spot on about using boring tradfi assets like treasuries or index funds as collateral is definitely the safest way to play this if you have the stack for it. But for those of us already balls deep in BTC, this is the trade-off we make to unlock our capital. It is absolutely a survive-every-single-minute trade. That's why I refuse to execute this without a massive 60%+ drop buffer. The tail risk of a scam wick is real, but at $22.5k, it's a risk I'm willing to eat.

longonbtc

Increasing the maximum supply of BTC would require a hard fork and that would create a new altcoin with its own separate blockchain, but only as long as some cryptocurrency miners are willing to mine this separate altcoin. Bitcoin would still exist with its own separate blockchain and nothing about bitcoin would have been changed. In fact, this has already happened many times. There have already been more than a hundred altcoins that have been created by forking off from Bitcoin.

AnnHashaway

The math checks, but most people will discount a tail risk that wipes them out. If you use the same asset as collateral (BTC) your collateral base shrinks as price goes down, as you've pointed out. The problem is the math has to math 100% of the duration of the trade. It can't be 99.99% with a two minute window where it dips below. It's game over. You can't ride out a flash dip below your liquidation price. The duration of this trade is zero. If you have other assets that are uncorrelated (in theory) to BTC, you can do something similar by borrowing against that instead. For example, if you've got $500k sitting in an index fund in your brokerage account, borrow $120k and buy the two BTC, then follow the same idea. Treasuries are even better as collateral since they are essentially pegged to the dollar value you are borrowing, but if you're this deep into BTC you probably don't trust treasuries. I'm not trying to argue your math, as its sound. Just making sure people understand they have to survive every minute of every day for the next four years. There can't be a single moment when they are underwater, even if it immediately rebounds.

OpticallyMosache

We probably do hit the 200 over the next 3-6 months. But in all the chats I've observed, there is so much liqudiity waiting for it. When the masses align on an expectation, they're usually disappointed. I still believe I'll be buying $67k some day in the future, even if I wait to buy at the 200. On its way back up, probably be DCAing and capturing $67k buys. Content doing it now. However, I'm full on native BTC. Sold the excess last year. Now I'm in the process od converting part of my retirement accounts to IBIT. Feel less neurotic watching those swing. Goal is at least 5,000 IBIT by EOY and hope for new ATH in the future. Letting it sit and in 10 years being at $500k-1M would be insane.

EarningsPal

So stupid. If you have the ability to get people to invest $328 Million with you, all you have to do is the right thing. You win. They don’t necessarily have to win either. But as long as the investment was legal and legitimate, it’s their risk. This dude could have just put $328 Million into 20% BTC/USDC, 20% BTC/USDT, 10% ETH/USDC 10% ETH/USDT, 20% Stablecoin Liquidity Pools/Lending protocols like AAVE or Morpho, and the last 20% into US Treasuries or on chain treasury tokens from legit sources. He could take a management fee of 1% of what is invested, a performance fee per year. Any year someone is up, he gets paid handsomely. Any year the customer is down, he still gets paid 1%. If he could have just lasted another 4 years, it’s likely he would be managing 400 Million doing absolutely nothing except putting money in and out of liquidity pools and generating reports to whomever asks for details. I never understand why people do t just invest the money into an index fund. Although it’s wrong to lie, the Ponzi dudes can promise massive returns and just invest in an index fund and do nothing else. Just keep talking about your proprietary research and experience. Anyone that wants their money out, pay them. They will get the market return and compare that to their other portfolio and probably have little to argue about. They will have made a profit, just not as much as they hoped. That’s investing.

Warm_Tangerine_2537

I mean there is a theoretical floor on mining cost - the acquisition and operational cost of the equipment and electricity, but I have the think the biggest cost factor is electricity usage which is largely driven by the difficulty. I suppose in a world where BTC falls and stays below the mining cost floor that would be a risk of network failure

glasser999

Indeed. I made a major buy at 15k-20k which paid off huge... all my eggs in one basket kinda deal. But I had very real fears BTC might have actually been dead lol. If it had got down to 5k...idk if ever would have come back.

Ok-Astronaut4952

Thinking the 4 year cycle will just happen forever based on really only two cycles is kind of absurd at this point. Like you said, the market has matured. The miners don’t control the supply and the flow of new mined BTC is super insignificant compared to just like strategy demand alone. It’s kind of wild to think it will just move in cycles forever even though the market is so many multiples larger than it was in the past and is completely institutionalized… Not saying I know where it’s going, it’s just crazy to assume it’ll keep happening. It’s already been pretty much invalidated by last year if you ask a lot of people

Icy-Aardvark-1158

Fair, BTC only is a clean strategy. For people who still trade alts anyway: what’s the one guardrail you’d force them to follow (position sizing, max loss per trade, liquidity threshold, no admin keys, no fresh contracts, etc.)?

Icy-Aardvark-1158

BTC only is valid. This thread is if you still trade alts

Anacra

BTC can be lost via hacks etc. That is a bigger risk than the other stuff.

EverHodl

I can tell you’re being sarcastic.. but yes, it would be very moronic to mine 1BTC in 2018 at $7,000 cost instead of buying 1.75BTC in 2018 at $7,000. The sale in 2021 would be $50,000 vs. $87,500…. a $37,500 moron tax per your example.

watch-nerd

Bro I only hold BTC for the price action. Don’t care about other ossified attributes.

goawayjoebro

I'm still young enough to go balls-in on this and if it doesn't work I can just start over. I have 0 monthly payments other than my car insurance so my entire paycheck just goes into BTC. My goal is 1 Btc by end of this year.

Icy-Aardvark-1158

BTC only is a valid strategy. But calling everything else a scam isn’t actionable.

This-Adhesiveness-52

Bear market, BTC go's down, drags all alt coins with it. Maby some new coins can do a pump and dump but that just it. BTC drags all alts down, when BTC recovers ETH will go up again but the bear markets can last a long time, the cryptonerds say untill october and they mostly right so i'm buying the dips untill october. Eth slowly dropping to 800euro and then back up to 5000euro, so i do think the money is there but it takes time and it still a long time till october. Hope it stops sooner with all the big banks and wallstreet buying but retail investors mostly return when the prices hit rock bottom -70% or -80% and we still a long way off from that. It's only -50% for now.

Zestyclose_Paint3922

The gold standard is a worn out discussion, i would encourage you to read about it in an academic way. Long story short it was impossible to guarantee world economic growth as we have it now if it wasnt abolished. About BTC reliabilty as you say it lies in intermediareis. To make it something practical it will have to depend on exchanges and exchanges as it has been proved time after time, will "dissapear" the money one way or another unless they are regulated and regulating them would just be equivalent to creating another banking ecosystem identical to the one that already exists. About governments and institutions accepting it, it is mostly again due to speculation and not so pure interests (they dont really have an use for it). I havent been able to find data regarding how much of bitcoin transactions are around illicit activities, but again, understanding how investments works in general, the numerous situations around exchanges (FTX like) already proved BTC will never be really functional without regulation, so unless there is an incredibly big black market around BTC its value would have gone to zero a long time ago. Its impossible there are enough well informed, well intentioned investors that kept enugh real money in the ecosystem with the repeating catastropees around reliability. Only people with increibly high risk acceptance and loads of real but "unusable" money could have done that (criminals).

repomies69

History doesn't always predict the future. Yeah go for it if you believe in BTC. But think about the mental effects.

lukewarsius

There is no new information. Everything there is to know about BTC is in the Whitepaper. The concept has flaws and this will not change.

AirStick24

Volatility sure means something, a LOT. Another poster pointed out, I should have a reasonable estimate on how much I am paying for something and for that exchange value not to change over night. I don't disagree with some of your above comment. Many of the sellers that tried to use BTC many years back dropped it, it didn't work. Reddit I think is one example, lol. Maybe you aren't understanding my point. It's a more a stock, if even that; definitely not a currency. All the things you listed above you can do with most assets. It's not a currency. If I can't sell BTC to the next guy for more, it becomes worthless immediately. There is no new product or tangible asset coming with it. Also, how do you protect people? It's to complicated for most. You won't gain any adoption as a currency if you don't have some regulated backing. People won't bail you out when your BTC gets lost or stolen. The value dropped a lot recently. It's hanging on because big investors can't let it fail, too much real $$ at stake. They need to convince the geenal population it will go back up to get buy in. If the general public doesn't buy back in, we will see some big dips soon. If we see a really strong market, I can see people gambling on BTC again.

North_Amphibian7779

Boomer coin Folks the youngins have moved on from crypto to prediction markets BTC is for speculation and purchasing things off the internet that may be harder to do in some places than others

Tyranin

What is Bitcoin actually promising though? Bitcoin only offers one thing in the white paper, it solves the double spend problem present in earlier digital cash systems like Wei Dai's b-money. That's it! It's an immutable peer-to-peer ledger with proof of work and it delivers on that precisely. We can interact with the ledger like a currency. "Digital gold", "Bitcoin fixes this", "backed by the people" and other phrases is just noise and not anything the system claims. 1 BTC will always be 1 out of 21 Million on the ledger. It can't be seized, inflated, or altered. What is volatile is its price in fiat terms, but that's our markets pricing it, not the protocol failing. To answer the original premise posed by OP, through this lens Bitcoin has value. If you want to expand this premise into whether market speculation has evaluated the currency correctly or not, well who are we to say?

baIIern

"nobody is talking about BTC, why is that?"

baIIern

Or maybe it's mainstream now and nobody cares. Nobody googles what BTC is because everyone knows? Retail is in Silver now or the stock market, that's where you can still make money

Mantis-Prawn

When someone publicly asked me about my 700 BTC, I would have forgotten about it too!

baIIern

You'll probably be down again in no time. Zoom out and watch BCH die over the years. The market has chosen the real BTC and you should begin to deal with it

FantasticStop2166

That’s the tax BTC pays for having zero lobby. Without a seat at the table, you’re just the meal for firms like Jane Street. HODL

PrintDoErro

I think you didn’t understand what I wrote. I pointed out that volatility doesn’t mean anything, since even some of the most traditional assets in the market also go through periods of high volatility. As for the claim that BTC doesn’t generate returns… Can I borrow money using BTC as collateral? Yes, I can. Are there market players willing to pay interest on BTC deposits? Yes, there are. Can I sell it, swap it, and even use it to buy goods and pay for services? Of course I can. Does it have no value at all? A $1.3 trillion market cap says you are absurdly wrong.

AirStick24

You are treating BTC like a stock, not a currency. Not sure I follow. Those stock you reference lose $ value, not the $ losing value itself. You made my point for me, BTC is a faux investment that isn't worth anything if you can't make real $ from it.

FTAStyling

BTC will be over 9 trillion dollars by the end of the month, get in now!

fan_of_hakiksexydays

Translation: "I'm a barholder, please be my exit liquidity for my \[insert any alt coin\]. It's totally not like any other alt coins I swear, despite being down 99% like most alt coins. It's also a "BTC killer", despite being centralized. Please hurry, as it's already crashing back down".

Glittering-Local-147

Can you imagine going to the pump today and filling up for $2 a gallon then needing to buy it for $2.30 tomorrow because gas went up? It's 2026, prices can be in real time based on any form of value. If the overall trend is appreciation then the short term fluctuations ultimately don't matter much. The larger and more mature it gets the more stable it becomes. BTC is backed by energy, time, and math.

PartSuccessful2112

In 2016 I bought cannabis seeds from Amsterdam and they were going to give me a discount to buy with bitcoin. The cost was about $130 but with discount would have been $80. I was going to transfer a couple hundred USD to BTC and keep the BTC change on coinbase but decided it was not worth the administrative effort and if my seeds got seized I would have no recourse. Not the biggest mistake of my life.

MagixTouch

Someone said the other day it’s going to 10k. I laughed a little. But in that scenario I would go into serious debt for 10 BTC.

InitialResponsible62

You talk to all of them? Do you just walk up to random neighbors and ask if they own BTC? How large is your suburb? You’re full of shit

lenissius14

Good luck! From my side, I expect to complete my first BTC (or 2, depending my job situation) before the next halving and also I expect it to bottom down to 45-50k, but still not sure of it's new ATH, my most conservative take is 150-175k

UWhuskiesRule

Yeah. The bottom might already be in a few days ago. Way better to DCA than to guess when BTC will hit a certain price.

Heebron

I searched this thread for "third" and "counter" and found nothing. Using Bitcoin requires no third party trust.(Unless you count the Internet and the massive # of nodes). It is the best capture of human energy and time yet invented. I can trade carrots for buffalo and it is only the two involved parties that settle the difference in BTC.

InitialResponsible62

Sure, point taken. But if we look at BTC, its value can drop by 25% in 2 weeks and it has. Even shitty currencies in third world countries don’t experience devaluation on that scale. Like I said, I’m fascinated by this asset class, and money can be made. But it isn’t a currency until its value becomes more stable and when it begins widely accepted by the majority of retailers, businesses, governments, people get paid in BTC etc. No insurance company or mortgage company, airline , rental car agency, IRS, etc accepts BTC as currency. Until then it’s nothing more than a fascinating highly speculative instrument backed by nothing.

luckysu888

Isn’t the value of BTC depends on someone who is willing to pay the current price of BTC? ..

ODD_Old_Dirty_Degen

It would have helped if you had actually specified the reasons for abolishing gold standard, so I could respond to them directly. Now I am left guessing whether youre referring to deflation risks, limited monetary flexibility, or something else. While you are right that parts of BTCs ecosystem isnt trustable, the issue lies with the intermediaries, not with Bitcoin itself. The code is perfectly trustable and everyone can check the code for themselve. Regarding your claim that BTC is only holding up because of illicit money: Chainalysis estimates the volume of illicit transactions about 1-2% of yearly volume. Thats not very high. BTC also got SEC approved ETFs. Companies, pension funds & governments all holding BTC. It gets more institutionalized day by day. Wouldnt have happened if its just a vehicle for illicit money transfers, dont you think?

niddess

No BTC ATM in my country

Longjumping-Row-6147

Agree 100% with what people are saying about chasing 100x - those days may be done and you are far more likely to get scammed, rekt and or just round trip your money because you dont take profit. From someone who has been there, and someone who has invested in what i consider solid coins with staying power and good fundamentals (i.e. LINK, XRP, SOL) even then your best bet over the next couple years is to stick with BTC and ETH. It is an illusion that somehow "they have gone up so much so cant possibly go up more and make me money". We have a handful of projects now that have survived bull and bear markets and a graveyard of projects that have not. Do what you want of course but if i were you I'd bolster your position in those bigger - established coins you mentioned! Good luck!

Alarming_Present_401

Get into BCH this things going parabolic over the next 6 months as BTC dies a slow death for no practical use

EnigmaAPLifestyle

Your answer isn’t really correct, and the decentralised aspect applies to any other cryptocurrency as well as to precious metals and other asset classes. The real answer to the question ’why does BTC even have value’ is actually the same as any other speculative investment: ‘Because at the moment, people believe that it does”.

Zestyclose_Paint3922

My friend, Fiat money is simply money in today’s terms. There are very explicit and technical reasons why gold standard was abolished. I seriously believe there might be som confusion around the concept from your side to think money is seriously comparable to bitcoin considering the essence of what makes money valuable (trust, conventions, real world use). BTC has proved many times in the past the ecosystem itself isn’t trustable which is te main reason that should make it valuable or not. No intrinsic value in BTC, pure speculation. I know the term confusion might sound as an insult, but I can’t think of anything else that makes you talk about fiat money the way we’re talking.

DavidLeandro01

Eu fiz vários empréstimos para comprar bitcoin. Mas diferente de você chutei o balde. Só pretendo pagar corretamente apenas um mesmo. Depois que o BTC triplicar, eu renegocio as dívidas e pago usando algum empréstimo com BTC colateralizado com muita margem de sobra. Esse ano, vou abrir uma empresa no nome de alguém, e usar o crédito dessa empresa para eu seguir minha vida normalmente ao longo dos próximos anos. Depois de uns 2-3 anos, boto essa empresa pra ir de arrasta com outros empréstimos pra comprar mais BTC. Acredito que até lá já tenho resolvido os problemas dos primeiros empréstimos. E vida que segue.

ODD_Old_Dirty_Degen

When price goes down its always manipulation and when it goes up its always organic. Could it just be that BTC is in a bear market? Just a thought...

Fun-Flatworm-7516

Hey all, PayPal just deposited $100,000 into my Bitcoin account!!! It now says I now own 1.49 BTC!!! I've never owned a full bitcoin in my life and now I have almost one and a half! Should I sell the whole thing and deposit it into my bank account or do you guys think the price will go up?

adequate_redditor

It was already like that before ETFs to some degree, but you are right. ETF buyers are in it for the money and will sell as soon as there’s uncertainty, as they do with other risk assets. This in turn impact the BTC price.

adequate_redditor

It doesn’t need to be one or the other. Gold has been doing much better than BTC for the last year or so. Not so much real estate, but during Covid there was a real estate price surge. There’s always a bull market somewhere. Investing for the long term doesn’t mean picking just one asset class.

CapitalIncome845

You're overselling this. Title should be: **Why own at least one fucking sat?** Unless you own a reasonable amount of BTC it will not change your life appreciably.

EarningsPal

Private transfers are incoming. There are blockchains they can do it already and some being launched to handle it for BTC too.