BTC

Always_working_hardd

I talked to my friend about crypto about 2 years ago. He is now hodling 11 BTC.

Aggressive-Bull-BTC

I was about to tell you to sell everything, but it would be selfish of me. The most difficult thing you already did that was buying sats, you don't have to fear if the price of BTC falls 5, 10 or 20 thousand dollars. Rejoice, it is an opportunity to buy cheaper. Your only mission is to buy and stack. No matter what happens in the streets or what you hear in the news or in the newspapers.Your only purpose as Bitcoiner is to buy and stack everything you can every month. Do it for 13 years in a row and your version of the future will be grateful to you.

Potential-Reporter66

Well, you’re on the right road talking about the (constant) devaluation of the dollar. I don’t think that BTC is the only road though. Have you ever tried discussing other ways of hedging against dollar devaluation? I know BTC is the topic here but it’s a good way to throw in BTC as a hedge with other instruments. If you can at least convince them strongly on dollar devaluation then you’re more than halfway there I’d say and at least a kind of seed is planted.

Grenadejumper221

easy son, BTC has a way punishing trash talk on both sort and long ends.

Renowned_Molecule

Still green over here. But I don’t buy BTC or ETH.

AshliepShuqirvut

I'm up 10x though, but people expect BTC to perform good, no one saw NVDA coming.

rhazux

The most OP could pay to uncle sam is 37% and that's short term gains within the last year. The worst case scenario is that OP sold 8 BTC for about 125k each and bought them for 75k earlier this year. So the gain is 50k per coin, or 400k total. Which comes out to $148k in taxes. If OP's cost basis is $0 because they bought 8 BTC when they were basically worthless, then the entire $1m would be taxed as long term capital gains, which tops out at 20%. So the worst case there is that OP pays $200k in taxes. Your point about a future 10x is fair but OP wants to cash out some/all. That's their choice. Telling them lies helps no one.

Harimusi

Who hasn‘t BTC falling down has no BTC going up😁

Potential-Reporter66

Just debate with them and ask them what they do instead. Compare the results of what they’ve done and what you’ve done and how steady that pathway is. Maybe you don’t understand well enough why you’re invested in BTC (and maybe you are). Maybe there needs to be a rational basis for it. The concern isn’t really about what they do with their money but what you do with yours and how your money performs. If it performs well, then you’re right. If you’re right, then you’re more convincing. If they aren’t convinced, the move on to the next. Mormon missionaries get rejected all the time but they keep on keepin’ on.

Ok-Act-705

If I were to remove BTC and XRP from my portfolio I’m a little below break even

cizmainbascula

Neither does BTC

Future_Elephant_9294

Taxes only require proof when you're audited, you can file whatever you want, but should file exactly what happened. If you bought 0.01 BTC at 100k, you would claim exactly that, 0.01 "shares" of BTC priced at 100k for a cost basis of 1k. This would be attached on a "1040 Schedule D" attachment to your return which itemizes your capital gains and losses for the year. For your own records you could write a receipt yourself just for bookkeeping. ("I bought 0.01 BTC for 1k on xyz date" is good enough). Your cost basis is always what you pay, not what the market says it was worth at the time of the transaction. If you paid only $1 for 1 BTC tomorrow, your cost basis would be $1, and when you sell for more than $1 you would have to pay taxes on all the profits (price you sold minus price you paid, so the value minus $1). There's no confirmation for the value, your claim is that confirmation and your submission of the taxes is your affirmation that it is correct. Should you be audited and they look up the historical price at the time of your purchase, if it's close I don't think there will be an issue. If you claim to have paid 2x or 3x the value at the time, you might be questioned or even have the basis stepped down to the fair market value at the time of purchase because it looks sketchy.

rhazux

If you sell $1000 BTC right now, that's about 0.00001108 BTC. You go back through your purchases, in order from earliest to latest, and mark down how much you paid for the first 0.00001108 BTC that you bought. Those purchases become your cost basis. You're not discerning whether 0.00000800 of what you sold was actually from a recent transaction or from earlier buys. It's just 800 sats. The same as any other 800 sats in your BTC wallet. And where/when the other sats came into your wallet doesn't matter either. Think of it like a brokerage account. Say you put in $500 each month, and do this for 10 years. You sell $10,000 in stocks. You do a similar thing here: $10000 today is worth, say, 34 shares. So you go back through your purchases, starting with the earliest, and figure out how much the first 34 shares cost. But as far as the brokerage goes, they didn't necessarily sell the first 34 shares that you had in your account. They just sold 34 shares. Perhaps the exact shares sold came from this year. It doesn't really matter. 34 shares = 34 shares. The order you got them in only matters for determining your cost basis to compute taxes.

maincoonpower

Anything Trump touches goes to shit Every one of his ‘amazing businesses’ no longer exist Now he’s been buying up BTC being a bitcoin treasury company in DJT and his son’s American Bitcoin ABTC. When he started buying you should have been selling.

Toksikoladei

It has, the inflated price it's currently at is due to those people jumping on the wagon. Otherwise it would have stayed $1. I never saved any BTC and never thought it would go up in price like it did tbh. It had absolutely zero use outside of the darknet for buying drugs on silkroad and markets that came after. Then it started to slowly find value outside that.

redditor1221221

Your top holding should be BTC.

redditor1221221

Everything but BTC is trash.

ChaoticDad21

Everything but BTC is trash

Interesting-Sink-284

Doing well dumped most of my alts and mostly own BTC and you only lose if you sell. Keep in mind Alt coins carry enormous risk and can always go to 0. And remember if BTC goes to 0 most alts will also. BTC is the alt to fiat. How should an alt to and alt even work sounds like lots of risk to me. BTC maxi is the only way to go.

Potential-Reporter66

There are memecoins you could do this with and it’s not cooler than owning 0.000000054 BTC.

1214

I think it's the mental part of 1 BTC being almost 6 figures. I think the industry would succeed even more, if price was based on Satoshi's rather than being based on Bitcoin price. Because if the average Joe wants to invest $5000, it sounds so much better to say "I just purchased 5.4 million Satoshi's" vs "I just purchased .054 BTC" - they are both the same in terms of value, but one sounds so much more appealing.

DeRpY_CUCUMBER

Despite the perma bulls thinking, Bitcoin will never replace the dollar. What does that mean? All BTC is is a store of value with a lot of volatility. Lots of people prefer to slow and steady in their investments and aren't dreaming of getting rich from it.

Dangerous_Walk9239

I really wonder if people really have 1k + BTC…… How many people in 2011 did the deed and bought a fuck ton and now are multi millionaires

tornavec

BTC won't see further growth until quantum-resistant safeguards are implemented.

VariatCA

Depends on your risk tolerance and potential room for growth. Legally you can buy some of both though lol, and devote the "risk" portion of your port contribution to ETH. Similar to how a Crypto portfolio "should" consist mainly of BTC to minimize risk compared to alts, you usually "should" have a bigger percentage of an investment port devoted to safer assets. I laddered down on ETH because -50% from ATH still has a ton of room to run. Eth just gets bullied to hell & back when BTC suffers lol.

kishkosh23

My experience with Bitpanda (EU) was terrible. Even though I was verified and had been their client since 2016, they asked where the coins came from when I deposited them back from cold wallett. Ok, I showed them that I bought them on Bitpanda, but that was not enough, I had to prove that the money I used in 2017 to buy BTC was ‘legally’ mine.. 8 yrs after the purchase. So I had to send them bank account statements proving that I had ‘enough’ income.. without that my BTC would have not been showing up on my Bitpanda account. To avoid the same horror with the bank, I wrote on advance to my Belgian Bank that I will receive a bigger amount from Bitpanda cause I am taking profit from investments. The lady at the local branch panicked, sent my email up to’ compliance’, then they asked for all my crypto transactions etc, only to write at the end “that I cannot repatriate the money to my Crelan account’. No explanations were given. It did not matter that Bitpanda had all EU licences and that I was full time employed receiving good amounts of money every month to the same bank account and that I also founded my crypto purchases form that account. That was the time when I decided to send back 1/3 of BTC to cold storage and sell for stable coins instead of fiat. Now I am looking into crypto card services where they also give you an IBAN account to make transfers from. I am done with exchanges and start to loose faith in BTC because real BTC economy is not in sight and cashing out can be effectively banned at any time. In the EU we are almost there imo

Aaata-

You cannot be that delusional? Cash out while you can. Its over, the cycle is obviously finished, we are going to 40-45k, BTC won't print another ATH for 4 years.

OutaWild

Wolf of All Streets, Macro Monday podcast or YT, bunch of smart guys that look at how the macro economy impacts BTC and Crypto, they don’t all agree so you get both sides. Worth a listen

Macbethad01

I wish I could have had the attitude about BTC that you do back when I had my first coins... I mined BTC back long ago when it was easy in a mining pool earned about 66 BTC in about a 18 months to 2 year period it was just a fun thing to do ( yes that long ago) . In some of that I also participated in the btc faucets that were everywhere that even if you held those until now would be worth while. Sadly when overstock.com first accepted BTC I was a mad man on a shopping spree I bought all kinds of garbage and spent every coin I had minus whatever says I had left. Looking at the price of BTC over the years makes me sick to my stomach. If I even held on to it until the first run to 20k it would have honestly changed my entire life. Now I hesitate to even look at it. Knowing full well I'd be chilling in the double digit millions with very modest $20 a week DCA.

Kapgun97

But I would say, why spend Bitcoin whose value will increase over time? I’d rather spend fiat whose value decreases over time. I don’t wanna be pizza guy who paid 10 satoshis for something and then in 5 years the value drastically changes and I could have bought a car. There still needs to be better exchange currency. You could have BTC be the backing of things, but I just don’t see it being practical to use as everyday currency. Not until the volatility subsides. Will that ever happen? Most holders hope not. I like BTC…I just like thinking of practicality. Food for thought, just wondering your take.

North-Exchange5899

So basically, it’s liquidity driving BTC, not the headlines. Makes sense.

guyletibro

What if tomorrow we see BTC at 120k again?

Ok_Field_8860

Well BTC in and of itself is a speculative asset - meaning it (BTC specifically - not a reference to all crypto) has no inherent value outside of what someone in the future will pay for it. So it requires a marketing team to upkeep it at the values it’s seen lately. And the sub doesn’t like negative marketing that could hurt the BTC or MSTR price.

Global_Set_5913

What are the two best apps to use for buying BTC/Cryptocurrencies?

AutoModerator

Post is by: guyletibro and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1p1sng7/arthur_hayes_cofounder_of_bitmex_has_just/ According to him, the fall in $BTC is not linked to headlines, politics, or ETFs, but to liquidity: the dollar is becoming scarce, and the market is beginning to feel it. ETF flows have created an illusion of institutional demand, but once these flows dissipate, Bitcoin reflects true liquidity conditions. Without new liquidity injections from the Treasury or the Fed, the crypto market could freeze, pushing $BTC towards $80,000–$85,000. But if monetary easing resumes, whether in the US or China, the bull run could restart very quickly. Otherwise, we could see one last correction before takeoff. You can use Bitget's GetAgent to set up your strategies and conduct in-depth research on Bitcoin. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Ok_Field_8860

Some complexity here. But - in theory - Current mNAV is 1.16. Market Cap is $53B and debt (including preferreds) at $16B. So - if BTC price increases 25%. Assuming mNAV sticks at 1.16, market cap will grow to $71B - and if they take on no more debt (I know, but for the purpose of this example) that means their stock price grows 32%. Works in reverse as well. BTC loses 25% stock drops 32%. Now MSTR challenge is they have interest/dividends on their debt. They don’t want to sell BTC to pay it - so let’s assume their debt grows 10% to cover that interest. Now, a 25% growth in BTC only yields a 29% growth in MSTR. But here’s the kicker. A 25% loss in BTC yields a 35% loss to stock price. Where’s the break even - it’s if BTC grows at the same rate as their debt. So at 10% BTC growth the stock grows 10% as well. It’s a leverage play against BTC - so has all the volatility of BTC and then some. Another interesting tidbit. Because the mNAV is above 1 - assuming it does not change. When MSTR adds debt (and uses 100% of it) to buy BTC - in theory the stock price would increase with no increase in BTC price. Very nominal - like 1% change on 25% increase in debt. Anyways. This math is why MSTR trades above a 1.0 mNAV - and why (in theory) if they use all new debt to buy BTC it won’t decrease common stock holder value. Due to debt - common stock holder value grows (or shrinks) faster than BTC. Because the debt has interest, which we are assuming will increase their debt over time even without raising more for BTC the leverage on the upside is lower than the leverage on the downside. Meaning BTC going down hurts stock more than BTC going up helps it (by a few percentage points). Beyond this math - you must also trust the people managing the BTC and money - and Saylor has given reason in the past to be untrustworthy. One of those high risk high reward situations. If we had a crystal ball and knew whether risk or reward side was higher - we’d be rich. Alas.

mrlandlord

When you sell BTC to buy an asset and continue to DCA for the last 5 years, it’s all noise. Yay, I get more. It’s way less stressful .

FilmInternational954

Exactly. Has to be. At these prices there can’t be enough retail able to absorb these amounts of BTC, even collectively. Who’s buying now has to be entities with very deep pockets… that’s why I think once they’re done buying they’re gonna let the bulls out the ranch… and that’s gonna be fun! 🤣

OkTax4468

I don’t know why people on here that have never used Morpho are giving others advice. Yes LTV is 86% BUT depending on how much BTC you’re holding you do NOT get fully liquidated. Morpho is a unique protocol in the sense that you don’t get liquidated fully. If you reach the threshold, a portion of your bitcoin is sold to make your loan healthy again. ~80% LTV

OkTax4468

I don’t know why people on here that have never used Morpho are giving others advice. Yes LTV is 86% BUT depending on how much BTC you’re holding you do NOT get fully liquidated. Morpho is a unique protocol in the sense that you don’t get liquidated fully. If you reach the threshold, a portion of your bitcoin is sold to make your loan healthy again. ~80% LTV

OkTax4468

I don’t know why people on here that have never used Morpho are giving others advice. Yes LTV is 86% BUT depending on how much BTC you’re holding you do NOT get fully liquidated. Morpho is a unique protocol in the sense that you don’t get liquidated fully. If you reach the threshold, a portion of your bitcoin is sold to make your loan healthy again. ~80% LTV

OkTax4468

I don’t know why people on here that have never used Morpho are giving others advice. Yes LTV is 86% BUT depending on how much BTC you’re holding you do NOT get fully liquidated. Morpho is a unique protocol in the sense that you don’t get liquidated fully. If you reach the threshold, a portion of your bitcoin is sold to make your loan healthy again. ~80% LTV.

BoringPrinciple2542

That is the thing though… they haven’t. Sats per share appears to be much lower than it was previously. Investor exposure to BTC is being diluted like a homeopathic medication. Total BTC holdings have done a 5x but common stock shares outstanding have skyrocketed from just under 10mil to almost 300mil.

Forsaken_Spare_3713

Talk of 200000 BTC and million

82_AK

Bought way above $110K but not too much and still have some fiat to DCA. That was my first step into crypto \\ Bitcoin and seems it was wrong time. Always wanted to know how old timers who made their first bough (this is important) at around $69K back in November 2021 felt when they saw the price plunged to $15K one year later. (They could buy x4.5 more for the same money). Also, what was their reason to keep holding BTC and not losing the faith after such a huge price drop.

lovemyhawks

Tax evasion memes aside. The logic simple answer would be to say you bought x amount of BTC for $1000 and then sold that x amount for $1200 resulting in $200 of capital gains (if you held over 1 year, it's long-term, otherwise short-term which is taxed as regular income). However, I believe it's far more complicated than that. If you haven't filed taxes on any BTC gains/losses yet, then you need to establish a filing method (i.e. FIFO, LIFO, etc.). Tracking this manually is a bitch so I recommend Koinly to import all wallet transactions. It's free to import all the wallets & transactions to see an overview of overall gains/losses both short and long term, but it's a paid feature to generate forms to submit with your tax return. The cost depends on the # of transactions for the calendar year you're submitting taxes for. I'm not affiliated with Koinly whatsoever. I've used their service for my recent return and it made life a lot easier.

marcok36

But Eric Trump said BTC will close at $250k in Q4 and Trump is a crypto president.

JohnBITbigcoin

EVERY SELLER IN HISTORY REGRETS SELLING BITCOIN @ SOME POINT ITS JUST A METTER OF WHEN ..... I MAKE GOOD MONEY AT MY NEW JOB & CAN GET EVERYTHING I NEED & IF NOT HAVE 13.55 TO 14 BTC I CAN COLLSTERALIZE WITHOUT TAXES & UTILIZE INSTAMT 7 FIGURES IN LIQUIDITY SO YOU MADE THE WRONG MOVE & NOW SRE BSCK AT MERCY OF FIAT DEVALUING MONEY & ABOUT TO SEE BITCOIN MAKES ITS PARABOLIC RUN ..... Bottom is 85g and top is over 200g *( local)

Playful_Judge_9942

Let me ask you if there price goes lower will you lose sleep over it? If so I recommend selling and never buying BTC again. This is not the asset for you. We could be going into a bear market, a bull market, both or just going sideways for awhile. You'll get a lot of predictions from the Internet but no one can be certain what the next BTC move will be. Regardless of what BTC does next historically it has always rewarded long term (4 years+) holders. If you can handle the volatility just ride the waves. If you can't handle it like I said above then this is not the asset for you.

wkndatbernardus

Ha, you missed the whole point of BTC.

Budget_Eye5861

The real cycle Been doing BTC since 2013 Found cycle in 2019 Every time I deviate from the cycle I get screwed You would be wise to pay attention

AdventurousBrush7255

Been watching this level for a while; if BTC can’t hold $88K, wouldn’t be surprised to see us test 70-75K next. Best tip: don’t try to catch a falling knife here. I’m keeping risk super tight and waiting for a real bounce before jumping in. Anyone else watching this move?

imprimis2

I’m talking about their customers, the people buying the BTC via ETFs off of them. They are the ones worried about the AI bubble. They don’t understand bitcoin they just assume anything tech related is AI bubble related.

Legitimate_Cry_5194

I got completely out of the market last week too, and sold my last chunk of leftover crypto. Invested 135K, got out with 409K. It could have been 550K if Ethereum didn't fuck me up for good, this decisions rotating some BTC to Ether still hurt like hell. But anyway, it went well for a 4 year investment. I fear the bull market is coming to its end and we probably have already seen the peak of the cycle. We might get a final last push December-January though, but i doubt we will. A bigger correction is long overdue.

70InternationalTAll

There's a few reasons. #1. Fees have changed over the past 5+ years and I moved from exchange to exchange to get overall lower fees or take advantage of promotions they used to run. #2. You get referral benefits that vary by exchange. Once those benefits stopped or change ai looked elsewhere to do my referring through (I've helped probably 300+ people by BTC) over the past 10 years. #3. Each exchange has something different that I like, Strike is the best for DCA and auto converting your paycheck (IMO). BitUnix is the best Futures trader and decent for fulfilling tight limit orders. OKX and Kraken have great UIs and offered good incentives on referrals. #4. I keep around 50% of my BTC on exchanges, and the other 50% in cold storage to limit my risk. So if I can spread that 50% of exchange held BTC across 4 different platforms it helps me mitigate risk that much more.

NonVideBunt

BTC maxis incoming!

Adept-Ad-738

Current financial system, centralised and is inflationary / controlled by corrupt people. Bitcoin is transparent, decentralised and deflationary. What this means - is that you’re money does not evaporate over time, no one controls the financial system (decentralised), and you can’t print new BTC (which would devalue everyone else’s BTC / is quite literally a form of theft). And as it is transparent (all transactions are visible), it draws awareness to financial corruption very quickly (incentivising good behaviour). This ends up creating an economy that uses a “value” based financial system / creates a free market, where price is determined by simply by supply and demand. It also leads to better wealth equality (since corrupt people can no longer print money and give it to themselves / perform other financial corruption). So when you replace the current system with a system such as above - you fix a lot of the sources of inequality, which flow down to other areas - for example, controlling the media (a source of lies / control / propaganda etc), poverty (literally caused by inequality / people being exploited), a lot of war (usually war comes about because a corrupt individual wants more money / power, so they sacrifice the citizens they are meant to *leading* to acquire more territory). I could go on, but it’s really not hard to see how financial corruption / inequality cause a significant portion of global problems. Bitcoin won’t solve all problems, but it will take a massive leap towards solving a good portion of them

sgrinavi

I move a fairly large sum off CB in .25 BTC increments without issue. Just make sure your KYC is up to date.

Exact-Neighborhood-7

Same comment as the past 10 years : BEAR RUN >> BTC IS DEAD WE ARE ALL DOOMED SELL BULL RUN >> BTC IS THE FUTURE WE WILL BE RICH BUY I would say to any newbies that it would be one of the only time a psychologist would tell you to live in the past and not the present !!!

Impossible_Exit1864

This is how twisted everything is. It’s mind boggling. There is no wasted energy in BTC. All energy is used to CREATE something unique.

VariatCA

BTC's starting to get pretty far away from my next laddered buy-order lol. Something tells me I can *probably* sleep soundly knowing the email notification from it triggering won't wake me up at night.

Pristine_Kangaroo527

You’re quite simple minded if you think you can say BTC has topped at this point.

bitusher

>Do you live in the U.S No > being a taxable event? there are multiple ways to spend BTC in the USA both legally and illegally to avoid cap gains . I already mentioned one of the methods in this topic >If you don’t live in the U.S. I’m also curious how your tax system works in this regard. My country doesn't have a clear policy on bitcoin and even if they did they would not be able to enforce anything

dk2014neverforgetok

I did the same too. Over the longterm BTC beats fiat. Too simple maths. Even at 20% per annum cost, BTC greatly outcompetes that

chance_waters

Here is a GPT reply for you when I don't ask GPT for confirmation bias of your theory "That take is… extremely common, and extremely wrong. Here’s the clean, correct way to understand it: Divisibility ≠ Increasing Supply 1. Total supply is about units, not decimal places. Bitcoin has a hard-capped supply of 21,000,000 BTC, enforced at the protocol level. Making BTC divisible into 100 million satoshis each does not increase supply any more than cutting a pizza into more slices gives you more pizza. 1 BTC = 100,000,000 sats 21M BTC = 2.1 quadrillion sats Still the same total value, just smaller pieces. If divisibility changed supply, then: USD becoming divisible to 1/100th (cents) would’ve “increased the money supply.” Gold becoming divisible down to microns would “inflate” gold. That’s not how supply works. 2. Money supply only increases when new units are created. Changing divisibility does not create new units. The number of satoshis was fixed on day one. Even if Bitcoin someday added more decimal places (unlikely, but theoretically possible), it still wouldn’t create additional BTC—just allow for smaller units. Example: If a bar of gold is chopped into 10 pieces instead of 5, you don’t magically own more gold. You just have more smaller units representing the same total weight. 3. Divisibility is necessary for everyday use. Divisibility is what allows: micropayments broad price discovery universal accessibility Without divisibility, fungible assets become unwieldy. Nobody claims stocks “inflate” when a brokerage allows fractional shares. 4. The “infinite divisibility = inflation” argument confuses units of account with monetary base. The monetary base of Bitcoin (21M BTC) never changes. Divisibility simply affects the unit of account—the level of granularity you can express value with. It’s purely a numerical representation, not a supply change. 5. If their argument were true, Bitcoin would be infinitely inflationary — even though every sat is accounted for. The Reddit commenter’s logic implies: Halving a satoshi into two sub-sats = inflation Doubling decimals = inflation Changing display precision = inflation That would mean inflation is independent of monetary expansion, which is absurd. It collapses immediately once you ask them: Where did the new BTC come from? They can’t answer, because none were created. The simple analogy you can use to shut this down: “Divisibility changes how finely you can measure the money, not how much money exists. A ruler with more millimetres still has the same length.” Mic drop. If you want, I can help you craft a short, lethal reply for Reddit—either polite, condescending, or nuclear." Go start a fresh GPT chat and ask it in plain terms if dividing the units of measurement used for something increases its supply.

destinationexmo

If I had to guess it has a lot to do with a lot of the Crypto Crack downs that are going on and/or new regulations coming into place. It has privacy features that make it easier to obfuscate transaction details for legit reasons but also for those who want, nefarious reasons. The sad reality is there will always be a % of bad actors using Crypto and it does create a market. XLM was the go too for a long time but if you paid attention to it over the last year you will see many exchanges started to delist it due to a lot of regulatory and governmental pressures. When an illegal crypto case was traced to a monero conversion and exchanges subpoenaed for information the exchanges couldn't always provide the information so they were fined or threatened and thus forced to delist monero or tighten their AML. I can't say for sure but I suspect we will see something similar happen to Zcash at some point. I don't think it's a coincidence There is strong BTC <> Zcash conversions taking place and it's currently easier to cash out of Zcash than XLM.

Stoic_Nut

BTC fan fiction is crazy 😂

dk2014neverforgetok

I’ve been doing this for years since 2020. I’ve accumulated more BTC because of it. I plan to do it this month for 1 more BTC. No ragrets!

VariatCA

The performance of a bunch of dead, unsupported "projects", funny dog meme coins and blatant scamcoins doesn't interest me in the least. Nor should they be some sort of overall barometer for the one asset (BTC) that actually drives adoption for its own myriad of specific reasons distinguishable from every other crypto. And cycling back to several comments in the chain above: >Meanwhile, Bitcoin is the single worst performing world class asset in the post-halving year of 2025 Aside from this 6-week dip that temporarily facilitates your position, Bitcoin was doing absolutely fine by its own right, even with its defining volatility.

bj2183

What I can't understand is why merchants have to manually opt in for accepting BTC--that's ridiculous. All merchants should accept BTC by default and have it settled in USD. If they want to opt out or settle in BTC they can do that manually. If Square added a new credit card network, like a new Visa, they would turn it on automatically network wide and the merchant would never know, they don't need to know, other than that USD is being credited to their account. Further, LN apps like Phoenix allow for NFC, which is much more frictionless than QR codes. The merchant doesn't even know what payment method you're using in the back end. Sigh, some day, still so early.

AgnewTheModHamster

BTC for everyday pyrchases, no, larger purchases like a new computer, yes, for microtransactions, stablcoins and legacy altcoins work cheaper and quicker.

LegitimateApple413

0.1 BTC is the new “whole” bitcoin

Simple_Caterpillar21

Hopefully BTC goes to 60k or less

lamb123

Printing increases the total monetary base. Divisibility increases the total number of spendable units. They are different mechanisms — but both increase supply, just measured differently. A fixed BTC cap doesn’t stop the number of economic units from growing as divisibility increases. When something becomes more valuable, we divide it to allow more people to hold and spend it. “The dollar.” That is supply expansion in the functional monetary sense, even if the nominal cap doesn’t change.

Calm-Professional103

What’s holding you back?  Thorwallet for one has a debit card available to Canadians that you can fund with BTC. At worst you can put your spending money in Bitcoin on Shakepay, convert back to CAD when you want to spend and use their debit card. Who cares what the other guy wants to get paid in as long as you don’t have to hold anything other than BTC?

Apart_Contract3337

If BTC reach 1m, many will regret not buying at 88k

Calm-Professional103

Maybe not day-to-day but certainly weekly.  Actually, you don’t need merchants to adopt BTC to live on a personal bitcoin standard. There are options that are available to convert your bitcoin to fiat at the point of sale. The merchant gets paid in what he chooses to get paid in while you don’t have to hold any fiat to pay him. 

chance_waters

No, it isn't. They can fork the chain, in which case you still have your original BTC, which will remain supported. BCH existing doesn't erase BTC.

Narrow-Bee-8354

I continue to stand with my view. Long term (7 + years) BTC is inevitable. Over the next two years, anyone’s guess

donjoe0

So? It can be ironic and valid at the same time. The last cycle and the entire functioning of the old cycles can both be over, no problem. Institutionals have flooded the space this cycle and are driving Bitcoin like traditional assets now. This really is unprecedented. And miners and their halvings are at the lowest impact they've ever had, since there's so little BTC left to mine now, and this impact will get even smaller next time. If you need to see 4 full years of old-cycle-incompatible behaviors before you will throw out that concept, go ahead and wait for all I care.

AgnewTheModHamster

I don't believe this is an ordinary market cycle for BTC, or the sector, we didn't have DATs and ETFs last cycle. That being said, great exit at a likely cycle top, but I doubt corrects any further than $59, CME unfilled settle gap and previous cycle ATH. Saylor's DCA will be critical to watch for an over correction.

These-Fortune3126

The traditional finance system, even only their digital operations, consume far more resources (or at least money) to maintain than the BTC network.

VariatCA

"Bitcoin is crypto" implying that its performance, network strength, global adoption & security, and ownership decentralization is **anything** like the rest of the alts, memes, shitcoins and scams floating around is completely laughable. Especially in the context of performance throughout the year, as alongside BTC you could count the number of Alts on one hand that have even come close to emulating its recoveries and stability. I also *did* mention the YtD and 1Y performance while also tossing in the strength of its performance from April lows... but go ahead and label it "dishonest".

Rawflsauce69

In your post you say the "FUD is wack but also BTC will go lower" /face palm Aka stop the Fud guys but also I will partake. Smfh Think that's enough Internet for me today.

PsychologicalBit803

How bad do the BTC haters want their idiotic predictions to FINALLY come true? “I told everyone years ago”. Meanwhile I’m loving the 25% off sale! Keep stacking….

BoratOhtani

My step dad just opened a RobinHood account and invested in BTC and XRP after my step brothers urged him. Then my mom asked me if she should invest as well and if she can double her money in a month That’s my top signal You do you

Formal_Mulberry9035

Top comment. At the beginning of my BTC journey too I’d just want to hold it. Now I’m very happy to immediately replace what I spend. We also generally get discounts when using BTC.

seltzershark

On my 3rd cycle and immune to anything but BTC (and my 5% degen gamble coins) and I am thrilled to have a fire sale on BTC for as long as it lasts

xbriannova

First things first. It is questionable if Bitcoin will return to a price of US$40k. I used to think that Bitcoin will drop down to the US$60k level, but that estimation is predicated on Bitcoin going higher than US$126k. I think the real answer is somewhere in between. The tools I use are the Fibonacci Retracement, SMA, particularly the 364 weeks MA, which predicts the absolute bottom price. Bitcoin is less volatile these days, so I think this makes sense. Secondly, loans. I've taken loans before to buy crypto, so you've found the right person to talk about it. Back in the day, I'd take small micro-loans, not loans of 40k though. There are smaller and newer banks in my country that offers microloans that have flexible repayment schemes. I would take loans of S$5000 at a time, and I did it only twice. The flexible repayment bit is important because it allows you to dodge most of the interest by paying it back quickly. That said, I don't think a 40k loan with instalments of 100/mth is favourable. The interest will eat away at your profits. If you're able to buy the bottom and sell the top confidently, this is not an issue. It will be a huge issue though if you make mistakes - basically, you can't afford to earn too little profits or make losses. The bar will be set higher. So my suggestion is this: fund your investments out of your own pocket. Only take loans at small amounts, at low enough interest, and with flexible repayment scheme if possible. Looking at the economy, the US fed rate is going down, so that could lead to loans with lower interest rates. Be patient and monitor interest rates. You'll have time anyway. \--- If it is any use to you, I'll tell you about my plans. I've done well enough this cycle. Not ideal thanks to altcoin underperformance, but I've made decent money. At this point, I've sold everything, shaved off a huge amount of the money to buy property and earn passive income, so I'm semi-retired. However, that doesn't leave much for reinvestment into crypto (mainly BTC). My goal in the next cycle is to reach millionaire status. I have only 31% of the funds I need to achieve this, by my estimation. Next year, I can make up for 20% of it through my own pocket. My plan is similar to yours, just on a smaller scale. I will be taking loans the moment Bitcoin reaches its bottom price. I can take the $5000 flexible loan, as well as $10k loans which allows me to repay in advance for a fee. I've been monitoring some loan offers and their interest rates are really getting low. That brings me up to 66% of the capital I need for my plan. The rest can come from me DCAing as the next cycle progresses. I can even taken more loans if my risk appetite allows it.

seltzershark

Fair distribution? Bro what? This thing is a baby chain lol. 9bil is literally 0% of BTC… this shit is another pump and dump. You will all end up in BTC (and XRP) only

angelwolf71885

When the reward per block falls below 0.5 BTC you will see a sharp bull but then a plateau as it will be much more difficult to mine a new whole coin

VariatCA

Are you talking about Bitcoin, or "Crypto" which lets you shift to alts/memes/shitcoins performance? Because your entire argument and position is fueled by this current downtrend. Just 6 weeks ago, BTC was +34.5% YtD (+67% against the April lows), and was slightly over +100% on the 1-year frame. It approached relative highs in both July, August *and* October, leaving multiple opportunities to not only secure profit at these levels but also to buy back cheaper and ride the wave up once again.

bitusher

>Spending Bitcoin is a taxable event. depends upon the country and even in countries like the USA you can simulate LIFO accounting with specific ID and spend and replace to avoid a cap gains event as one of many methods people avoid paying taxes when they spend BTC

Major-Rabbit1252

I mean historically, this is fine? Everyone says “BTC is volatile” and then panics when it corrects or drops steeply.

lntruder

Gold is time-tested alternative to cash not BTC

VariatCA

More that people are relieved that NVDA absolutely nailed the mark, Futures are breathing a gigantic wave of relief tonight, and BTC a bit over +3% from today's low at the moment.

Intelligent_Can_6388

Don’t take out debt for BTC lol. Nobody can predict anything with this. Just DCA or occasionally lump sum when you can. My gosh

MaximumStudent1839

> etf != instutituonal This point is not emphasized enough. We observed a prolonged period of BTC trading sideways while the ETF inflow increased. Retail holders were moving their spot BTC positions into ETF during the period. Many of them are probably four-year cycle believers. So now they are dumping to time the bottom in 2026.

biba8163

> If ETH recovers to that ratio It'll never happen. I've tried to explain this many times to people who are new to crypto > If you think 0.04 BTC is low, the ETH/BTC ratio is going to feel like getting kicked in the nuts over and over again over the long term as the ratio falls below 0.01 and goes lower and lower. > Long term ALL Alts follow the same trend and fall below the initial BTC value they started at. Pretty much all the older Alts, even the most successful fall below this value. ETH is also trending long term to fall below this value. People talk about historic trends, patterns and cycles but this has been the only 1 undisputed and unbroken pattern for 14 years. > | | 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 > https://np.reddit.com/r/CryptoCurrency/comments/1fgzm3z/daily_crypto_discussion_september_15_2024_gmt0/ln9jvct/

Dark_Raiden_

NIVIDIAs earnings will have alleviated the "AI bubble" narrative, at least for some time. People will forget about that episode very shortly. I cant see how this is not good news for BTC. Thats one less thing to worry about. The price has broken everyone's spirit here.