BTC

Comfortable-Show8784

That's what I think about shitcoins as well. BTC and ETH are solid projects, they are here to stay.

wurstdadurst

Whats his Wallet address? Has anyone seen the 7002 BTC transaction?

gamethesystem1

It’s weird to me how obsessed this sub is with self-custody. Is it some kind of a libertarian thing. I’m pretty comfortable lending si è of my BTC and making a decent return. Ymmv

CBJ_TechGov

Bitcoin does not exist in a bubble. Crypto exchanges can flood the market with off-chain BTC and literally suck value out of on-chain BTC. Coinbase, for example, appears to have sold nearly 2 million off-chain BTC positions (according to their Q2 2022 FORM 10-Q), which I fully believe to be the source of the drop in market price over the past year. The laws of supply and demand are factual. If exchanges have control of supply (which they appear to have), then they control market price. Which means, when you go to use your BTC you'll have less value to spend.

coinfeeds-bot

tldr; Grayscale Bitcoin Trust (GBTC) is trading at a 35.18% discount compared to the value of its underlying assets. The $12.55 billion closed-end trust currently holds 3.12% of the total Bitcoin supply, or over 640,000 BTC. GBTC shares cannot be destroyed or created based on fluctuating demand, which explains its heavily discounted prices. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Vegas_42

I don't get the y-axis. It looks like there was an ath around November 21 when BTC traded at $69k. Please elaborate.

TomatilloFabulous602

DCA day today. My regular dose of ETH, BTC, ATOM and MATIC. Keep accumulatin

CBJ_TechGov

Bitcoin cannot fix anything until crypto exchanges are prevented from selling off-chain BTC and sinking BTC market price.

CBJ_TechGov

I'll feel better about BTC when crypto exchanges are prevented from flooding the market with off-chain BTC.

CBJ_TechGov

Crypto exchanges appear to be doing the exact same thing by flooding the market with off-chain BTC. Ironically, Bitcoin was created for the precise purpose of storing value that cannot be devalued, and now crypto exchanges have figured out a way to devalue Bitcoin. Go figure...

TarkovReddit0r

DOT x ATOM feel like the best side bets next to BTC/ETH

anonymouscitizen2

Because those are paper shares, not Bitcoin. Theres no redemption facility to turn Grayscale shares back into BTC and theres a TWO PERCENT management fee. It’s ridiculous and it is clear the SEC doesn’t want to approve a BTC ETF so it’s just a money pit. Bitcoin goes in and never comes back out (for you)

Nooodles__

Make a plan to take profits in the bull-run (like when BTC hits 100k, sell half etc.) and stick to it so you make sure you don’t HODL through the bull market back into the bear.

gordonLunar

Got in in 2013 Cashed out luckily before the crash (needed the money). I think things will come around... Could be 2 years, but I am thinking sooner. With BTC, there is a wycoff accumulation taking place, the institutions are buy coins now imo, and will pump it higher at some point. There's money to be made, so they are gonna make it.

DB_a

Same day my paycheck comes to my bank account i put 200$ in BTC, ETH and Algo. Diversify it and some low cap coins hopefully they will boom. But 80% are those 3 coins. Been doing that for 2 years now and can't wait for the next bear market to accumulate more.

DefiantHamster

Skip the cro and aada. Drop the ckb to $500 and just lump sum it now(its not something to dca just a gamble). Cut eth in half. Now split the 5.5 between more BTC and Cosmos ecosystem(and split that between a bag of ATOM, juno, osmo, and secret for airdrops). Of the 2.75k in Cosmos at least half as ATOM. Just my opinion though!

TripTryad

Nothing wrong with alts, but Im very skeptical of buying them in the depths of the bear. In past bear markets it was better to DCA into BTC because the dominance eventually rose on all alts tremendously. You could then flip the btc into far more of those alts than you could buying them outright in the bear market. Then ride the altseason to extreme highs. Who knows if it will play out the same though.

inadyttap

buying altcoins might not be a good idea as some would say that the BTC bottom is not in yet.

reversenotation

ETH and BTC are good, not keen on CRO or CKB - not sure what AADA is?

Rmarch024

Set an automatic investment every week or 2 weeks of like 10% of your check. Even if it’s only 10 bucks over 5-6 months that’s 50-100 bucks and you didn’t even have to do anything. If you can have an amount set aside for big dips in coins like BTC/ETH. Even if the dips keep coming right now is a great time to DCA and accumulate.

EatMaTesticles

My 10k€ DCA plan for the next 6 months: 3k€ BTC 2k€ ETH 2k€ CRO 1,5k€ CKB 1,5k€ AADA What do you think?

CBJ_TechGov

Thank you. I'm pretty sure this could be proved out empirically using 10-K/Q data over the past year or two and historic market price data. Here are some additional thoughts some additional thoughts from another post: The solution to this problem is simple. Legislation must be passed to make selling non-existent coins illegal. In other words, if the total BTC holdings of all Coinbase customers is 2,500,000 BTC, then Coinbase must be required to hold at least 2,500,000 BTC (actual on-chain BTC) in their on-chain wallet. When that happens, the market price of BTC will exceed USD$60,000. I believe that to be an absolute fact."

nomorebonks

It will on ICP - just like BTC will.

jesuzombieapocalypse

>history will repeat Eeeeh after last year seeing everyone copy/paste the 2017 bull market to predict a 250k BTC, and then copy/pasting the 2018 crash right after this last one to predict a 10k BTC, I’m extremely dubious of “this thing happened last time so something like it has to this time”. That last bull market didn’t look any cycle before it. And this is coming from someone who uses TA but outside of patterns like diminishing returns with growing market cap that can’t really be avoided no matter what the asset is, I think cycle patterns are more or less out the window at this point.

BoomLazerbeamed

I'm just a random dude on the internet but imo DCA into ETH or BTC right now isn't a bad strat. Buying cones that are / will offer real yield isn't a bad idea either. Granted it may take a long time for those coins to pump since we are still in a bear market.

astockstonk

ETH has gotten massively ahead of where it should be in comparison to BTC with the merge hype. The reality is that is probably still has harder to fall against BTC before things even out.

Nailsonchalkboard3

I'm not selling my BTC for cheap, are you? 77% hasn't moved in over a year. Big banks are accumulating, notice the price action?

Double-LR

So that’s a wire transfer? Where I am, the US, if I use account transfer or a debit card to on-ramp fiat there is a 3 day period where I can’t transfer BTC off the exchange. Cashapp is immediate though, for me in my location. But the CB app says that a wire transfer would have no wait. I think I am starting to see that the method used to on ramp funds is where the delay in immediate custody comes from.

CBJ_TechGov

So there are no "missing bitcoins". Every single bitcoin is still where it will always be, on the bitcoin blockchain. I refer to these coins as on-chain bitcoins. They are actual bitcoin on the bitcoin blockchain. The problem I am describing has to do with off-chain bitcoins. Off-chain bitcoins are coins (or bitcoin "positions") that ARE NOT backed by an actual on-chain bitcoin, only a promise by crypto exchanges to give you an on-chain bitcoin upon request. So the point I am making does not have anything to do with misappropriation of on-chain bitcoin by crypto exchanges (or anyone else). The point I am making is that PRICE has been massively and negatively impacted (some might even call it flat-out price manipulation) by crypto exchanges flooding the market with non-existent bitcoin (or "off-chain bitcoin"). The laws of supply and demand determine market price. No sane person disputes this fact. And what crypto exchanges are doing give them near-total control of supply, which also means near-total control of market price. Why would they do that? There's likely many reasons, but here is one possibility: Let's pretend that John finally sees the light and decides to buy two (2) bitcoin when the "market price" in USD was $60,000. So all in, John sends USD$120,000 to his crypto exchange account (we'll call the exchange "Coinhole") and executes a trade to exchange USD$120,000 for 2 BTC. The trade executes and John sees 2 BTC in his Coinhole wallet. But John does not have any on-chain (or "real") BTC at this point. John effectively has an IOU from Coinhole that promises to provide John with on-chain BTC upon request. Coinhole has a pretty savy team of fintech folk and they understand the nature of Joe Sixpack investors, like John. Since Coinhole has an unlimited supply of off-chain BTC, they begin to sell more and more, which floods the market and drives the market price of BTC to USD$20,000. John freaks out and dumps his two off-chain bitcoin at USD$20,000... a total loss of USD$80,000. Coinhole is elated as it just earned USD$80,000. In the above scenario there were never any real, or "on-chain" bitcoin involved. However, every single REAL or on-chain bitcoin was impacted by a drop in market price. The above is exactly what happens when the the Fed devalues USD. Each dollar hold less value than it did before... inflation. Both USD and bitcoin are only "stores of value". They hold value like a glass holds liquid. If someone, like the Fed or crypto exchanges, add empty glasses (i.e., additional USD or off-chain bitoin) to the market (which they are actively doing) the total **Value** that exists in that market is divided into more and more glasses. Therefore each glass, or bitcoin, now contains less value. Everyone knows that this is the case with the Fed and USD. There is no disputing it. Ironically, Bitcoin was created for the precise reason to solve this problem. Is it happening with crypto exchanges too? Look at Coinbase SEC filings, FORMS 10-Q/K and see for yourself. I'm not asking anyone to take my word for it... see for yourself. It appears to me that Coinbase has sold approximately 2,000,000 off-chain bitcoin positions. If this is true, it fully explains the drop from approximately $60k to approximately $20k. The solution to this problem is simple. Legislation must be passed to make selling non-existent coins illegal. In other words, if the total BTC holdings of all Coinbase customers is 2,500,000 BTC, then Coinbase must be required to hold at least 2,500,000 BTC (actual on-chain BTC) in their on-chain wallet. When that happens, the market price of BTC will exceed USD$60,000. I believe that to be an absolute fact.

Blueberry_Dependent

I am in the UK and as far as I know you pay tax when you sell but not when you hodl. When you sell your assets you pay tax on the amount of gain. I understand it like this for example let's say I bought 1 BTC for 20k then it goes to 60k I sell and pay tax on my 40k profit. For me taxes on crypto are robbery! Actually taxes in general put by different countries. Its a complex manner and government doesn't make it easier for the ordinary people like us.

RiceDogo

OH MY GOOOOOD YOU HAVE .1 BTC OH MY GOOOOOOD WE HAVE ANOTHER MICHAEL J. SAYLOR/ELON MUSK RIGHT HERE WHOOOOOOOOOOAAAAAAAAAAAWWWWHOOOOOW BTC WILL SKYROCKET OR DROP BECAUSE OF THIS WHOOOAAAAAW \--- Not one single cell in my body actually cares, if you want to post it just post it. Only LOSERS will try to make a big fuss of something that has been posted on Reddit or wherever.

0xCozzi

They know exactly what they’re doing, price per BTC really won’t bother them, it’s the amount of BTC they have they’ll be focused on.

pmbuttsonly

$1000k BTC by end of *month* -OP

futurenotion

For me, I am taking about 17% of my income and putting it into crypto. From there, I am putting 75% into coins, and 25% into DeFi. Within the coins (75%): - BTC: 70% - ETH: 20% - ????: 10% DeFi tokens (25%): - ????: 100% I may be adjusting my plan slightly between the three coins. Still not sure which would be my third coin to choose. My DeFi token, I know which one. This is just my method. Open to hear what others are doing.

DeeDot11

I reckon the bottom for the moon/karma ratio will be near to the BTC bottom! A funny but decent proxy of retail interest

Home_Improvment

I'm getting as much BTC as I can while saving some cash in case of an emergency. Hopefully I'll be able to sale that BTC during a bull run in the next couple years for profit.

Double-LR

Not withdrawal. It’s the on-ramp wait that sucks. If I account transfer or debit card transfer it takes three days for the cash to be funded to Coinbase, they will let me buy BTC immediate but they won’t let me transfer it off the exchange until the debit/account transfer clears. It sucks basically. It’s also a piece of info that CB really doesn’t exactly put in big bold type on the buy tab in the app. Of course.

OpticallyMosache

He needs that ego to be motivated. I don't mind that he thinks he's in a movie. The innovation is wonderful to see, even if it is only an attempt. People want BTC as their savings account. We just need an easy way to convert to whatever currency and spend.

mybed54

Yep I expect the macro problems in the world today to be solved by 2024-2025 which coincides with the BTC halving. Mega bull market incoming then

OpticallyMosache

I buy $2/hr BTC when it's under $20k and $1/hr when it's over $20k. I also have $2k of limit orders escalating from $17,999 to $14,999. I add $250 to my limit order bag once a month. I bought about $10k of ETH just to hold long term in case it is the long term superior altcoin.

vpuri90

I’m using a strategy I developed that helps you switch crypto holdings every week depending on the momentum of top 20 crypto currency by market cap. The good part is it puts your allocations in top 3 currency this not putting all the eggs in one basket. The strategy is here: https://www.shutswealth.com/crypto-1/ That being said, it’s still crypto. It prevents higher drawdowns, example ETH, BTC has drawdown of 82% in last 18 months, where as the strategy has a drawdown of 68%. But it’s still 68%, which is on the higher side compared to other kind of investment

Alpha3K

r/wallstreetbets x r/CryptoCurrency buying Microstrategy and BTC because Microstrategy is heavily shorted. Mark my words.

diskowmoskow

What do you think gives value to BTC? ASICS and energy costs?

Flaky_Protection7634

BNB/BTC pair hitting an ATH lmaoooo. Guess I’ll be shorting BNB down to fucking hell

RookXPY

I think that's a good strategy, but everyone needs to make their own decisions. I've learned more from each cycle and think that should be the attitude. Listen to all, follow none. IMO I never want to get completely out, because I never know if/when crypto has its own "IPhone" moment, for lack of a better term. My plan of unloading half this cycle when it started looking like a blowoff top was spoiled by the BTC rounded double top on the price chart and the Celsius situation. But, I also make a plan for a worst case scenario (which actually happened, lol) having been in crypto for a long time now. I don't mind waiting around for the next bull run where I take what I learned from this one and do a better job. All markets work by moving value from the emotional and impatient to the rational and patient.

Blueberry_Dependent

I invest in many project involving gaming and NFT. BTC is definitely one of the most important for me but other projects have future too. Metaverse will be big in the future. Basically diversify my portfolio for more gains.

pacman147

Since you're in high school, I imagine the level of risk you can take will differ from many here. I don't see any harm in looking at alt-coins but most people will tell you to go with BTC/ETH and large cap coins first to establish a good habit of not yolo'ing your money away on a dog themed coin. However... in the financial world and as someone who knows a lot of finance bros, BTC and ETH are still very high risk assets. You will be laughed at if you meet any financial analysts and tell them you hold BTC and ETH mainly because they are "low-risk."

DBRiMatt

I'll keep buying BTC, ETH and BNB so long as it decreases my average buy cost

ILikePracticalGifts

Actually it could be the opposite. BTC not moving means literally nothing besides more price volatility.

lingordrone

Actually during the entire time (about a month) that I had the Kraken account I have never deposited BTC to Kraken. Only deposited USD via ACH, bought BTC successfully on 9/2, and tried to on 9/20 which precipitated this.

Ventoffmychest

Bought in BTC at 60k. Kept investing every "drop" until 34k. Then it dropped below 34k I stopped buying. I'm just gonna let that sit until I get my money back (maybe with a little extra) and I'm out.

Savagethrash

LTC isn't losing any hash if Doge goes POS. Doge can't go on its own. That's why it's merge mined. LTC miners been around for a long time now, longer than Doge and they will remain after Doge as well. LTC offers more functionality, security and privacy than Doge. It's one of the safest long term holds alongside BTC in the space.

Odysseus_Lannister

1. Buy BTC/ETH every 2 weeks. 2. Shitpost here daily. 3. ??? 4. Profit eventually.

jesuzombieapocalypse

Half my spare money, 30% BTC, 30% ETH, 40% everything else. If I was starting with a million I’d probably go with more of the first two but since I’m not, I’m making a little heavier of a bet on alts than I’d suggest someone else to do. But the way I buy I *absolutely* would recommend for anyone: Limit buys 1% above support levels, with the buy amount increasing the lower the price goes. That’s how I “DCA”, just like a regular automatic DCA you can set it and forget it, but your average price is *much* better since you have a 0% chance of having unlucky timing and buying a local top.

pyritejet

Always dollar cost average into blue chips. Mostly BTC and ETH. 30 percent can go to altcoins

jchenn14

Crypto is not an investment, don’t view it as a security where you can somehow 50x return and get rich. It’s one of the most volatile asset classes. Honestly, considering you have a part time job, focus on putting more money in ETFs for now. Maybe even inverse ETFs that are going to perform well as the economy tightens up. i.e SQQQ, SOXS. The reason there isn’t an investing program for crypto is because it’s not based on enough inherent signals like stocks. These days it fluctuates based on a lot of regulation outcomes, and international activity. Right now I hold $80k combined ETH, BTC, SOLANA. I’ve been down like 30% since that huge dive in June. I’m not doing anything but holding. I don’t DCA much anymore simply because it’s a lot easier to trade on inverse leverage ETFs and a few meme stocks like BBBY and APRN. Crypto needs more time, and for someone that doesn’t have a lot of risk capital, I’d recommend to avoid putting too much into it. Investment strategy and crypto don’t go together, at least not yet.

Dfranco123

I would just buy a 5,000 put on SPY & buy .5 of BTC for now wait 2-3 months and buy another half of BTC. KEEP the other half in cash just in case.

Dfranco123

BTC & ETH if you want to be straightforward ATOM & MATIC if you want more of a risk

iored

Wen 1 BTC=1 TRILLION?

nova_uk

For me personally I invest in a little bit of everything, BTC, ETH, MATIC, ADA, DOGE, SHIB, AMP and ALGO are my main ones but I’ll pick up some others for sure.

inadyttap

DCA 1000 every month into BTC

CacheValue

Simpsons 5 ​ BTC ETH DOGE LTC ??? (FileCoin I think)

kingofthejaffacakes

Pleased for you. But I'm still frowning. Ask yourself: - would you have posted if this were 1 BTC? (I'm gonna assume no) - is it possible for BTC price to X10 in the future? (I'm gonna say yes) Then in the future this post becomes one you wouldn't have made today.

inadyttap

$100k BTC still in play this year! /s

Hudds83

Your investing strategy should be what makes sense to you personally. Having 50/50 BTC and ETH makes sense to some people but it won't make sense to others. I sold all my BTC last October and decided to invest in projects building for future utility. A lot riskier but bigger pay offs and more time to build my bag. This certainly isn't for everyone but it's my choosen strategy.

Re_LE_Vant_UN

Alright so I have 30k cash ready to deploy. (Don't worry it's not everything I have, I'm in my mid 40s). I want to be safeish about this but I'm also okay holding until it's in profit If I mess up the timing. Here's the question: If you were going to try to get in nowish then out real quick with BTC when inevitably we have a relief rally, would you do lump sum after the dust settles in SPY next week (probably), or would you just DCA? Those on the DCA front, how many weeks are you thinking? Trying to scalp about 20% gains then get out with this cash. Thoughts?

TruthSeeekeer

Don’t think you can go wrong with DCA into BTC and ETH

astockstonk

It does have a major impact if they get into financial trouble and have to liquidate 130k BTC. Imagine what would have happened if Celsius would have been liquidated.

EdgeLord19941

Every month I see what money I have left and divide it into saving/stocks/crypto. For crypto it goes 90% BTC and 10% for moonshots. I don't try to time just buy monthly when paycheck arrives

Monochromous

Imagine if even half of the crypto asset class's schizophrenic ideations come true. Migration of the entire derivatives markets to crypto, adoption of select currencies for near-instant settlement by the banking industry, real estate NFTs, web 3.0 concepts, smart contracts filling a superior and automated role for agreements that require entire high-paying jobs right now, etc. The value proposition of crypto is insane and definitely can be argued to be a multi-trillion industry in value. It will be more interesting to see how BTC dominance and the digital gold narrative stands the test of time, but it's not really that far-fetched. BTC has proven what it is and what it does and manages what those are quite well.

jesuzombieapocalypse

“Pay no attention to the fact that even the slowest chains settle exponentially faster than the legacy banking system” I think the first thing to actually go away because of crypto might be wire transfers. Sure, BTC and ETH still take longer to see money in your wallet than PayPal or Zelle, but unlike those if you send something at 3am on Saturday it’s 100% settled once you see the funds. Wire transfers though, that shit’s like the telegram. Takes ridiculously long and costs more than I’ve seen ETH even when gas was as high as I’ve ever seen it.

Diamondphalanges756

Yep, they raised their earn rate to 6.5% for BTC so I moved my BTC over there. About 3 months later they pull this. No doubt they knew what they were doing - increasing earn rates to attract as much $$ as possible, then locking up said funds. This dude better do prison time.

astockstonk

Centralizing BTC and exposing us all to liquidation risk if his company gets into trouble

mbrochh

Govs can and will regulate this and just say that if you participate in LN or BTC as a node, you need some kind of stupid money license.

OneThatNoseOne

It takes some serious balls to predict that you're going to make yourself super rich with all rhe BTC he bought

JustDownInTheMines

Wonder when they'll hit 1% of BTC supply

Elean0rZ

Not to suggest that flaring excess natural gas (etc) is bad, but using up excess is not the same as not creating excess in the first place. That is, doing this might slow the rate of additional environmental damage but it doesn't "heal" the environment. And, regardless of the increment of environmental damage being done, there's still ultimately a question of cost/benefit vs. alternatives. (Not anti-BTC or even PoW in general--just noting that there's self-serving framing of the issues on both sides of the debate.)

BrotherAmazing

There’s no way to “have it on my wallet immediately” unless you exist in a universe that can violate causality. I’m *guessing* that’s bot what you mean and your real problem is on-ramping from fiat to BTC and the delays that happen in the background with the fiat transfer to a centralized exchange (for example) taking days to settle? Some people have recommended Strike, Cash App, robosats, etc., but I see you seem to like CB for the lower fees but don’t like waiting 2 - 3 days for the fiat deposit to settle (CB isn’t “slow”, it’s the financial system they are built on that is “slow” and they are unwilling to take on extra risk for low fees and risk someone withdrawing a bitcoin then reversing the deposit before it settles!). Anyway, what’s wrong with a little saving and planning? Don’t keep 100% of your money in fiat at all times and then have to “scramble” when you need BTC. Have some BTC and maybe USDC in your H/W wallet all the time, and when you start to see that balance get low, on-ramp more well before you need it there. You can convert USDC to BTC and withdraw from CEX/DEX “immediately” since it was already on-ramped.

BrotherAmazing

There’s no way to “have it on my wallet immediately” unless you exist in a universe that can violate causality. I’m *guessing* (but not sure) your real problem is on-ramping from fiat to BTC and the delays that happen in the background with the fiat transfer to a centralized exchange (for example) taking days to settle? Some people have recommended Strike, Cash App, robosats, etc., but I see you seem to like CB for the lower fees but don’t like waiting 2 - 3 days for the fiat deposit to settle (CB isn’t “slow”, it’s the financial system they are built on that is “slow” and they are unwilling to take on extra risk for low fees and risk someone withdrawing a bitcoin then reversing the deposit before it settles!). Anyway, what’s wrong with a little saving and planning? Don’t keep 100% of your money in fiat at all times and then have to “scramble” when you need BTC. Have some BTC and maybe USDC in your H/W wallet all the time, and when you start to see that balance get low, on-ramp more well before you need it there. You can convert USDC to BTC and withdraw from CEX/DEX “immediately” since it was already on-ramped.

bl4ckj4ck1

Banks is trying to make people perceive BTC as a speculative very risky asset because they know BTC is a real threat to their system. You don't like banks? Start using BTC as it was intended by Satoshi.

daBiggaFigga

It is different. This is cryptos first global recession. Also, the granddaddy of them all, BTC, hasn’t hedged against inflation as it was designed. We are in new territory. Much different from previous winters, like 2018. Plan accordingly. Be safe.

Odysseus_Lannister

If you think BTC is gonna get to $10 trillion cap over the next 10 years then that’s cool- he has a very public dog in this fight for his own reputation. If you’re a regular person no one know ls what your buy prices are or how much you’re down/up. It’s different when you’re a public figure with a lot riding on it. I’ll stay on the crypto coaster but I don’t have millions of dollars or my livelihood riding on it, but thanks for the advice there big guy.

sporobolus_sp

BTC $100K Eoy

x2c3v4b5

Exactly. Price action is literally the most boring part out of any type of BTC-related discussions. As soon as someone starts talking to me about the value of BTC from a fiat currency frame of reference, I just shut off my brain because BTC’s value is so much more than what it is worth when measured from that specific perspective (in my opinion). Most North Americans truly have no clue how valuable BTC is as they have had the luxury of growing up in a land that has a relatively robust government and robust financial infrastructure for over a few hundred years.

Odysseus_Lannister

Most of us don’t have a massive company and have publicly invested tens of millions of dollars into BTC, but I hear what you’re saying lol