BTC

Arc_ClutchUp

Nuclear strike? Would that entail economy’s crashing, fiat to burn, and BTC adoption? Then yes I will be happy :)

tenor_tymir

Are you 18+ yet? Where are you from? There are many exchanges that will let you buy BTC as soon as you turn 18.

Background-Ad3810

I keep wondering why you chose Bitcoin? Let's say your avg was 50k, In the next run, it might reach 150k-170k, so a max of x3 of your investment. There are so many other coins with much more potential. A few that could easily go x5-x10.You can also diversify much more and spread your risk. BTC is good to accumulate and only sell for your retirement in 20-40 years. But not for short-term profits.

fan_of_hakiksexydays

BTC just needs to keep its shit together just 2 more days, and preferably stay above $81K and those long liquidations. Then it's Uptober! And we don't have to worry about any bear market anymore. October is the month that's historically more likely to be green.

AdOk1101

You may not be aware that you are misinforming the public. ADA literally implemented an enhanced version of BTC's UTXO ledger and it didn't require bespoke specialized and very expensive encryption/decryption compute hardware to achieve "secure store of value". I'll translate that for you. It means ADA does what BTC does, and does it at a much much lower cost and a much high degree of security due to the additional decentralization of ADA's network due to not having to rely on specialized compute hardware for encryption. The cost of transacting BTC will never go down, it will only go up, and it will be unpredictable. ADA will not go up, and it will always be predictable...because that's how ADA was designed. BTC wasn't designed that way....and it's another reason why it's an obsolete network protocol. Just because BTC was first doesn't mean it is the best...that's not how tech works.

AccomplishedDig4284

That's an awesome amount and keep holding but be sure you're also investing in something that allows safe and steady returns as your compounding results will be astronomical. If all you is DAC BTC you'll potentially have a huge opportunity cost and miss out on those down the road.

Electronic-Bet-5106

DCAing into BTC, ETH, and SOL. Nothing exciting.

Fall-For-October

I’ve been trying to get to 1 BTC forever. I’m at like .78 haha

AttentionDismal9632

Buying BTC and betting on its next move are different things. Credit to Moon for making that distinction clear. Your reason for buying matters more than a Reddit vote

Much-Cobbler-9511

The chill part is harder than it sounds. Moon having a play money mode is handy for keeping price guessing separate from actual BTC. Holding still comes with no guaranteed profit

Pleasant_Maybe_5523

That’s the interesting part. Price is moving, but it doesn’t feel like peak retail FOMO yet. Curious what happens to searches if BTC breaks another major level.

No-Confusion4519

Interesting way to look at it. BTC vs USD gets all the attention, but comparing it to gold gives a completely different perspective.

bearface_1379

You are rich in BTC terms, you will be wealthy in fiat terms.

soks86

Oddly that's just a few months after the BTC network started mining. Wild. Unstoppable.

AuthurPEn

Your 12k is safe buddy as of today, users with BTC can withdraw and by firday other withdrawns and P2P will be available so no need to worry

AttentionLanky94

"write me a BTC book with all the information that's already available on blogs, websites, etc. Also, tell me how to market this stupid book because I'm a total dumbass loser"

Albert14Pounds

And least we forget that our sample size is VERY small. People really like to compare against past cycles like it's a given that they will repeat and brush under the rug the variance we've already seen from cycle to cycle. IMHO with how much the BTC/crypto landscape has changed in that time it would almost be more weird if it did just continue to follow cycle patterns. You basically can't have a cycle pattern repeat exactly like it has before because otherwise it would be a sure bet to time the market based on that.

Livid_Cucumber9452

10 BTC

AmeriChino

Dumped. Still 1 BTC.

warhol2020

Better than other people that have 0 BTC

UnsersGottaGo

1. i'd hit that LOC hard first. sell enough assets to eliminate 24k LOC. 2. you own a quarter million cad in liquid assets. you are asset rich but cash poor. you don't have a liquidity problem you have an asset allocation problem. for your retirement, i'd suggest Guaranteed base layer: CPP + Pensions + OAS ~ 2100CAD/month Buffer layer: 12-24 months of cash reserve (e.g. savings, GIC ladder). if bitcoin crashes use this buffer instead of selling on a downswing. Spending BTC layer: 1btc, max plan 0.04btc withdrawl per year, replenish buffer during stronger years. legacy BTC layer: 1 btc, multisig, multiple wallets, long term hodl. TFSA: emergency/diverisification/non-btc layer to give you optionality. normally i'd be all over TFSA for retirees minimizing tax, but moving abroad and staying there (even retaining canadian tax residency) complicates how TFSA may work. Research this part becuase tax benefits of the TFSA may not be recognized by your destination country, and CRA may not even permit a tax benefit on a foreign orignated contribution to TFSA. tl;dr f bitcoin crashes 50%, OP lives off the buffer layer, and wait to sell btc for a while. get out of debt, you don't need to leverage anything. you have a stack, guaranteed streams of income, so take care of your health and i hope to hear you are on a warm beach somewhere.

Beautiful_Level_3259

The issue is the next big SPY crash won’t be a Covid V type crash. It’ll likely be a multi year depression. BTC will have to navigate that which will be interesting.

Stephamation

I dont mean this badly, but you need to educate yourself further about what BTC actually is and how it works before you buy any if you aren't even sure if you're using the term "exchange" correctly

NyynoMuk

Hence “buy, borrow, die.” Loan proceeds generally are not taxable income since they are a debt obligation, and if you can borrow at terms and rates such that BTC growth in fiat value terms is greater than that of your loan interest, you win the long game. Same as wealthy people across time leveraging assets through loans to further grow their assets. I realize the bitcoin loan industry is still in its relative infancy, but it does exist and is growing. Do whatever you can to ‘never sell your bitcoin,’ to whatever extent possible.

Original-Smell3460

107k by October is a bold call. BTC can move fast though. This might be a fun up call on Moon if the momentum keeps going

Negative-Two9250

The replies are split between waiting for a dip and calling 100k. Kinda curious where Moon’s BTC calls land on this one.

Mammoth_Eye_8198

You can answer the normal questions, but the secret backdoor stuff would wear me out too. Moon can show him what BTC is doing, but he’s gotta decide for himself whether he trusts it

tyweed220

I think they mean move to a country like Indonesia where the cost of living is a fraction of Canada. You could live 20 years off your 2 BTC in a 3rd world country easily, and probably pretty comfortably.

GMBPowerPlatformDev

Don’t sell BTC for it. If u can use fiat that you’ve saved for a home do that instead. Let the BTC appreciate As the other commenter said, you’ll thank yourself 10 years down the line for not selling, you’ll likely have enough to take out a small loan against your BTC (10% loan to value) and use that for your spend or investing in other assets

bitusher

Satoshi having 1 million BTC is a myth created by sergio which was quickly shown to be flawed and contradictory. Here is Sergio's original post - https://bitcointalk.org/index.php?topic=175996.msg1832533#msg1832533 and followup https://bitcointalk.org/index.php?topic=178629.0 Where Greg and others point out flaws in his research and how some of it is self contradictory Here is Bitmex's follow up research on the matter - https://blog.bitmex.com/satoshis-1-million-bitcoin/ >In conclusion, although there is strong evidence of a dominant miner in 2009, we think **the evidence is far less robust than many have assumed.** Although a picture is worth a thousand words, sometimes pictures can be a little misleading. Even if one is convinced, the evidence only supports the claim that the **dominant miner may have generated significantly less than a million bitcoin in our view. Perhaps 600,000 to 700,000 bitcoin** is a better estimate. >**None of the above says much about whether the dominant miner was Satoshi**, although we know Satoshi mined block 9, which we have allocated to the dominant miner in our analysis. **However this is in a slope of just 11 blocks, so it’s certainly not conclusive**. Whoever the dominant miner was, it is of course **possible the keys have been lost or discarded by now**. > The analysis is built on a logical fallacy. In any period there is going to be at least one miner who has the largest share or the steepest rate of increase in the ExtraNonce. There are also going to be at least some types slopes which do not overlap. Grouping these slopes from potentially different miners together is misleading and potentially based on flawed reasoning. Thus block 9 and genesis block was created by Satoshi 100%, and the evidence reflects he might have mined 11 blocks at least in addition to the genesis under these assumptions . This means the evidence suggests we definitely know satoshi mined 2 blocks , and likely mined 11 blocks, and that **perhaps** there was a dominant miner who mined between 600-700k bitcoin(not blocks). **There are other explanations for the extranonce pattern that do not point to a dominant miner. Simply a similar software setup can cause this.** Since there was over 5 days between the genesis block being mined and block 1 and difficulty was 1 it would be safer to assume satoshi waited for other miners to start mining before joining in . Satoshi released the code 2 months before launching Bitcoin on multiple popular mailing lists and designed the original client so multiple peers on the network must exist to produce blocks. Here are examples of at least 2 early miners mining alongside satoshi from the start https://stephanlivera.com/episode/314/ https://twitter.com/halfin/status/1110302988

bitusher

Estimates suggest 2-4 million BTC fall in these categories: 1) **Lost Bitcoins** = when owner loses his private keys or backup of keys and wallet and cannot move his UTXO 2) **Unspendable Bitcoins** = coins that cannot be spent like the 50 BTC in genesis block 3) **Burned bitcoins** = Bitcoins that are sent to a Burn address that no one has access to the private keys like 1BitcoinEaterAddressDontSendf59kuE 1CounterpartyXXXXXXXXXXXXXXXUWLpVr 1111111111111111111114oLvT2 1QLbz7JHiBTspS962RLKV8GndWFwi5j6Qr 4) **Destroy Bitcoin** = Using OP_RETURN or not redeeming all the block reward if you are a miner When any of the above happens it does not harm Bitcoin network at all, and simply acts as a charitable donation to all Bitcoin users making Bitcoin more scarce >what's the true available supply being traded on exchanges today? This is a much different question because most Bitcoin is being held in long term savings and is not available to be traded anytime soon.

urban_moss26

the amount matters less than what the rest of your finances look like . Emergency fund , debt, expenses , other savings etc. are probably more important than hitting a specific BTC number

Far_Kaleidoscope2346

carrying a four-year mean block forward basically assumes every future cycle is going to mirror the exact amplitude and duration of past halving regimes, which breaks down hard when institutional ETF flows and structural market shifts start dampening volatility. a stationary bootstrap with a shorter expected block length captures local volatility clustering and momentum way better, but it still struggles with long-duration structural regime shifts like a multi-year macro bear market paired with sticky inflation. if you're simulating a 30-year horizon, relying purely on fixed-percentage withdrawal rates without dynamic guardrails (like guyton-klinger or mvrv-adjusted spending rules) is just going to spit out ruin probabilities that are either unrealistically optimistic or overly paranoid showing the actual sequence of withdrawal paths and the depth of maximum drawdown duration is infinitely more useful for real-world planning. the major flaw in most paper monte carlo models is that they assume a frictionless, 100% liquid spot BTC stack. in reality, anyone actually living off a crypto portfolio usually holds a fragmented mix of mainnet BTC, yield-bearing EVM stables across L2s, and wrapped assets to buffer sequence risk without constantly triggering taxable events on spot sales during market dips when you try to map theoretical simulation paths onto actual live wallet execution for quarterly rebalancing, off-chain accounting gets messy fast. if you're auditing multi-asset reserves across different networks, manual checking on individual block explorers is painfully slow. i usually just toss public addys into debank, zapper, or cryptowallet-balance when I need a multi-chain wallet checker snapshot of raw liquid holdings vs locked contracts and random dust before setting the actual cash buffer size. if the model assumes $100k in liquid stables for sequence-risk protection but $20k of that is actually tied up in bridged contracts or illiquid pools, your real-world drawdown runway is way shorter than the chart suggests and that's before accounting for the execution discipline required during drawdown periods. electrum to liquidate cash for living expenses while down 60% takes serious mental stomach. are you assuming a fixed inflation-adjusted dollar withdrawal rate in your path models, or are you testing variable ceilings and floors based on on-chain valuation metrics?

Turbulent-Land-5664

This is interesting. Are you telling me STRC is paying 12%? If I did sell the BTC it would definitely be used to maxx out the TFSA and in a way that provides supplemental income. As we age we do tend to want something more reliable and less risk. It only makes sense.

perhapssergio

Try to be closer to 1 BTC at 22. Not bad tho

Burrito-Picoso

Better than 0.332, worse than 0.334. =\] Saving in BTC is never wrong. You are doing great.

Head_Work8441

You have 2 BTC and you are almost 65, Best case scenario, if you survive till you are 75 and healthy( That is the main driving factor) If you are able to walk and talk till then, and you have your memory intact, I would say your 70s will be wonderful, I am happy for you that you have 2 BTC. do not pass those onto your children, Just utilise them for your own benifit I am mid 30s, I have around 0.4 BTC, I do not plan on growing that investment as of now because of my other expenses, I am planning to keep myself healthy and survive till 2065, If in next 10 years BTC blows up and becomes a big asset type, We will win. If not, I will pull the plug and invest in something else. but for now, I dont see anything else catching up right now.

Spiritual_Toe_622

Love seeing the BTC/gold chart, the trend is undeniable even if we're still far from that 41 oz peak

Darth_Liberty

Well I've been calling bullshit on the four year cycle since I first heard it, and right now I'm continuing to call bullshit on sub $60k future BTC prices. Look, black swans - as you alluded to - can occur. But in that case it will be a Covid-style flash crash with a V-bounce, not a sustained price level. The fundamentals of BTC are just too strong to allow for sub-$60k prices. The floor has been well established as per the exceedingly solid base price trendline one can see on a BTC Power Law chart. In a world in which SPY (and numerous others) could well crash, toppling entire markets, hard assets like BTC will initially be sold off to prop up etherral fiat-based assets, but will then rapidly be reaquired by those rushing into hard assets precisely because fiat markets are cracking at the seams. BTC has been running close to the base levels for a long time now. Weak hands are largely gone and funds have CONTINUALLY been moving into the hands of longer and longer term hodlers. I stand firmly by my declaration of no further BTC prices in the $40ks and $50ks.

Cryptomuscom

Better than 0.0 BTC at any age, keep DCAing and stay humble

Impossible_Try_1985

The best thing is that you learned investing in the right asset from a young age. You don’t only own BTC now, but also a great mindset. But do not invest money you might need in short term, so you never have to sell your BTC.

jojothehodler

It's 1/100000000 of the total supply of BTC that will ever exists.

Ok-Independence6469

I had my opportunity to get about 0.3 BTC twice. I would’ve had about 0.6-0.65 BTC had I made a rational decision. Instead I chose to gamble and poof 🤣🤣

TameemJi

Most people don’t even have 0.003 BTC (\~$250). You’re doing great.

jawni

Pump and dump schemes are how I found out there were coins besides just ETH and BTC, but this was back in 2017. I was playing PUBG competitively at the time and someone from the community posted on Twitter like "isn't this shit illegal?" I joined the discord to check it out, basically it was pyramid scheme where the more people you got invited to the discord, the earlier they would tell you what coin was being pumped. I tried it once out of curiousity, put in like $10 and the coin they picked pumped but only for like 30 seconds and by the time you knew which one it was, most of the pump was already over. I imagine it works similarly now, but instead they probably just launch their own coin.

quintavious_danilo

A 50% drop is very tame in terms of BTC volatility. I suspect it’s going to go there next bear market.

salinungatha

I suggest plugging your numbers into a Bitcoin retirement calculator and seeing what options you might have. I think the best ones are based on the Power Law floor which is by no means a guarantee but historically has held. There is risk and only you know what risk holds best for you. Prima facie, you might already be good with low expenses and 2 BTC. PowerLawfloor.com/retirement Bitcoincompounding.com Satsplanner.app Charts.bitbo.io/long-term-power-law/

JSIECJ

Once quantum computing can find the keys those "dead" old wallets will be hacked and the BTC will be moved to then (hopefully) quantum resistant wallets, so they will come back in supply. How long this will take depends entirely on the innovations in quantum computing. As for cold wallets I am not entirely sure if quantum computing can break those as well, perhaps somebody else has more knowledge on this subject.

id-ltd

Theres discussion of freezing old wallets. The early encryption was not as good and soonish they will be crackable. If satoshis stack was opened up the value of BTC would plummet. So maybe at some point just reject tx with the old encryption..although I guess you could just count them as tainted so people can chose whether to accept anything that derives from them.

No-Woodpecker-6188

I would definitely sell at least one of your coins. It might recover ATH but it could also set a new low, you don’t have the luxury of all in to a high risk investment. If it was me I’d sell both, I’m all aboard BTC but not with money that I can’t afford to lose.

bobbyv137

Your number is incorrect. [20.09m BTC have been mined to-date](https://bitcoin.clarkmoody.com/dashboard/). The number of truly 'lost' will never be accurately verified. Almost every week you hear of dormant wallets from 10+ years ago 'coming back to life'. The only coins we can reliably claim as 'negated' would be Satoshi's. But some people claim if they're not wholly 'his'. If I had to put a number on it: I'd guesstimate 3m.

Vagelen_Von

Someone must give a reward to the dumpster guy for contributing to scarcity of BTC.

Right_Strength2170

Small shakeout before BTC reclaims 87k.

Wild_Opportunity6623

BTC lost the May high.

Thaddaeus_Undergrade

I'll be your friend, if you will remember me once that one BTC is worth millions

Onemoretimego1

That's the problem with trying to calculate "lost" BTC. You can measure coins that haven't moved in 10+ years, but you can't tell the difference between someone who lost the keys and someone who is just extremely committed to doing absolutely nothing. Either way those coins aren't exactly adding much sell pressure.

Protrado_com

Getting past 1 BTC is one of those milestones that probably feels completely different after years of stacking. Congrats.

Turbulent-Land-5664

Its botheringme more and more, however, the interest is 6.5% and someof that is leveraged into my BTC which has easily by far recovered the interest I have paid - and it has not always been this much. Also my car and TFSA will pay that off so it is covered. The health insurance is too prohibitive, visas can be a pain, but I can get a 1 year retirement vias where I am going, and Ive been there already and know all about that part of things.

Weary_Strawberry2679

Basically, you can identify a short squeeze in the Bitcoin market by watching for a sudden, aggressive price spike driven by massive waves of forced short liquidations and rising trading volume. Try to look for date/time correlations here: [https://www.tradingview.com/symbols/BTCUSD/?timeframe=1M](https://www.tradingview.com/symbols/BTCUSD/?timeframe=1M) (the regular BTCUSD price chart, for example around 18 September and onwards to the peak) Then look into this: [https://cryptoquant.com/asset/btc/chart/derivatives/short-liquidations?exchange=all\_exchange&symbol=all\_symbol&window=DAY&sma=0&ema=0&priceScale=log&metricScale=linear&chartStyle=column](https://cryptoquant.com/asset/btc/chart/derivatives/short-liquidations?exchange=all_exchange&symbol=all_symbol&window=DAY&sma=0&ema=0&priceScale=log&metricScale=linear&chartStyle=column) (the SHORT liquidation chart for Bitcoin over all exchanges) - you could identify a similar spike in short liquidations. Another assisting graph to look into is this: [https://www.coinglass.com/liquidations/BTC](https://www.coinglass.com/liquidations/BTC) It tells you what is the status and volume of liquidations and to which direction they point to: LONG or SHORT.

Shays_P

If you can spend it as BTC, the aus gov't doesnt have a way to track it, so it woulnt be an issue. If youre gonna cash it out though, they'll know.  I dont know where you can buy coffee with BTC in Australia though, I dont think theres too much you can realistically get. Buying $500 gift cards at a time?

neatly_brown_voltage

Sounds like the move to southeast asia is the right call if you can handle the healthcare situation there and the visa runs. 2100/month goes a lot further in places like thailand or vietnam, but you'd need to budget for flights back occasionally and maybe private insurance since provincial coverage won't follow you. The 0.00333 BTC monthly sell is basically a 25 year runway on one coin, which is not crazy at all if you think BTC trends up over that horizon. Just watch the tax side carefully, canada still wants its cut on capital gains even if you're non resident depending on how you structure your departure. Might be worth talking to a cross border accountant before you pull the trigger on leaving. Also that 24k credit line creeping up is the thing that would keep me up at night, not the BTC. If rates stay high that debt compounds fast and eats whatever you're saving by moving abroad. Maybe sell a small chunk now to kill the credit line while BTC is up near 120, then start the monthly DCA after.

ZMetrics_net

That’s totally valid. If you treat BTC purely as long-term savings and don’t care about checking the price, then this probably isn’t for you. ZMetrics is more aimed at people who like keeping an eye on the market regularly.

ZMetrics_net

Yeah, I know there are already a lot of tools like this. The idea is to keep improving ZMetrics with more useful features and build trust over time, especially around privacy and security. And yeah, I get that this is a Bitcoin subreddit, not an altcoin one. But even if you only hold BTC, the extension can still be useful as a quick way to check the price, set alerts, and eventually get a simple daily overview without opening another site.

curvyanna85

Thinking about I spend about 7 BTC a week to buying some green online back then is driving me crazy 😂 But staking the first one must feel great Happy for you you made it Achieved more in your life than most people can and will ever achieve Kudos well done my man

Worldly-Ad-1274

0.1 atm, I hope some day I reach also the 1 BTC milestone 🙏

blueboi6969

if it just BTC ur looking for STRIKE is the way to go. No fee dca and free to move inte cold storage.

MhattiBri

>BTC failed. We know, we saw it happen. The attempt at mainstream adoption was made, but then it was turned into a volatile vehicle for speculative investment -the reason why 99% of the subreddit is here- and so the places that were piloting accepting it stopped doing so.

Active_Objective8285

Still waiting for $40K? BTC clearly had other plans 😂

Hour_Flounder1405

okay it's been a while since I've been charitable. so pay attention...like you didn't last time when I was first charitable back in July can called the 57K a major hard support floor...and that turned out to be true, because I am not wrong about major swing points. ever. You don't need to know how I do this, but just understand that my only agenda here is altruism. 100 percent charity. take or leave it. I'll not be responding to any questions or requests. over the next 180 days. BTC has a 44 percent chance of touching 53K a 51 percent chance of touching 59K. a 63 percent change of hitting 74K. to the upside, a 12 percent chance of hitting 96K. a 14 percent chance of hitting 92 K. a 98 percent chance of hitting percent chance of hitting 85 K. here is your trade range: place limit buy orders from 74K down to 53K. weight them to furnish a good average entry. Take profit at 85K, and at 92K and at 96K. The likelihood of BTC marking any new significant all time high in the next 180 days is very very low. So you are now committed a range trade model. It's wide enough to make some profits, just please don't get greedy and lever up on margin. Don't use margin at all for these trades. If I have to explain that to you, then you just have not traded long enough, in which case I reiterate that you not trade on leverage....ever. not perps for this one. Just straight plain vanilla. long term. There is a macro hard floor of support that extends down to 43K and even one large tranche at 22, and below that 17K. Now this IS your risk with these trades, but probabilities hold these are nearly practically impossible to mark unless there is complete market structural failure. And then we will be talking about much more serious issues...asteroid impacts, mega quakes, nuclear war, gamma burst disuptions, alien invasion and snakes on the plane. that sort of thing. But if we assume those black swans are gonna be the doom of us anyway, what is the loss of a bitcoin trade. One needs to have perspective about risks. some are credible and others are actually impossible to manage because they represent a problem that cannot be solved. The risks I am talking about toward 43 is actually real. But below that, unlikely. So if you are really risk averse, then set your limit orders all the way down to 43. Will that happen in the next 180 days? if 43 does get marked yes, it will likely happen in the next 180 days. after that presuming bitcoin does not retrtace below the current hard floor support of 57K/53K then we should see bitcoin take off again and make the all time high again and go to 160K is pretty fast clip. you are welcome

Lord_Mythand

Depends entirely on the FED rate hike and the performance of US Tech stocks (BTC has been behaving like a tech stock)

johnpress

When bitcoin was new you could go on a website, click a button and you're get like 50 btc. Thousands of BTC on my mom's PC probably hawked for drugs over a decade ago RIP. Good job on your milestone though!

Old_Cucumber_1343

dont tell anyone IRL you own BTC, ever. it sucks. i'm going to be rich off btc too one day. but i won't tell a soul. if you want you can DM me as long as you're ok with me revealing nothing about myself, but we can celebrate together when it hits 1 million.

Eren__08

The “wake up → Fed prints money → buy Bitcoin → repeat” cycle 😂 At this point the alarm clock should just say “check BTC.”

CaltonSmith

The whole reason of BTC was to NOT exchange it with Fiat to trade Fiat for goods but to Trade BTC directly for goods. If You have to exchange it for Fiat to Trade for goods BTC failed. Or is still Not matured. However you want to Look at it.

QuickStopMaster

A friend of mine sold a bag of weed to a guy back in the day (when Bitcoin was newish). He had no idea how to use it. The guy paid him 50BTC and he's held on to it ever since.

Sin-City-Sinner

Some places are even worse, and yea that was my point to the person who said 1.0023BTC will make you rich when it goes to $1,000,000, even in the US your only walking away with 600k maybeeeeee, unless you don’t cash it out and use it wisely, but your still not rich.

Upper-Media3769

I feel you. I achieved that a few months ago. It's better to keep it private. In 10 years you don't want anyone to know your BTC balance.

Professional_Track95

Higher gain (50-100%+) when keep holding BTC. No waiting to trade on market hours.

Top-Care-8946

I am doing just like that: Buying BTC from Exchanges like Kraken and then send them directly to my hardware wallet. So far no problems. One thing what must be taken into account that exchanges may freeze accounts or decline to initiate transactions if they suspect fraud attempts. For this it's very important that KYC must be processed and passed correctly. I have tried different ways of swapping crypto using Trezor Suite and this works well. I don't spend my funds to purchase something because these transactions are taxed so my idea is just collect BTC with small amounts because it's volatility has proven that it does not have sense to buy large amount as it's market value fluctuates too much. By the way currently I have paused buying crypto and BTC at all (I don't sell either). I just watch how my balance changes and later when I decide that it's time to buy again then I will continue to stack up BTC again.

Optimal_Jump_8395

Just tell them what your BTC bag is currently worth and they'll get it... Kind of... WTF?? 😆 🤣 😂

Icy_Dragonfruit__

Keep some gold instead of moving it all into BTC. No one really knows if this is the bottom or not and having both gives you some diversification instead of going all-in on one asset.

Johnaaayyyy

I wrote down a simple system for myself assuming BTC is above all time highs and above the 60 Week EMA, I have round tripped enough investing bags to hopefully learn my lesson xD. I will sell 1/100th of my allotted stack for this cycle trade every week. When it has a weekly close below the 60 Week EMA I dump the rest. Will allow me to DCA out without much head ache for up to 100 weeks if we get a crazy bull run and still exit at a reasonable point as well. Simple, but has performed well all previous markets.

THE_CRYPTOMEEL

Sittin at a cool .02 of BTC, wish I’d never sold or gotten liquidated in October 😅

RunItupBaby

Your buddy messed up his trades and got deeper than he could handle. I mean BTC just broke new highs not too long ago pushing $126k. It will test that again and push even higher. If your not trying to day trade it and just hold onto it, you will see gains

No-Librarian9605

Step 1: never price BTC in fiat Step 2: see step 1

IAmFitzRoy

Uh?. Thats not true. Why many talk like BTC have some fixed returns somewhere?

billybobbybrownbaby

QNT volume is insane. second only behind BTC on coinbase. Congrats all long term holders.

eflatviola

Did he even say buy his stock rather than BTC?

Key_Independent_818

Wtf are you talking about? You can directly choose the mining pool. Don't comment on something you have no idea about. Kryptex streamlines everything to make it an easier experience for people. You can join a particular pool for a coin and choose to convert it automatically to BTC or mine BTC yourself. How the F is it a scam. I cashout everything month and send it to my wallet.

Cold-Dragonfruit-868

Bticoin is really the only hope for the USA to get out of debt. No way it happens at 5% interest per year. They need a 5x on bitcoin value to make a dent in that debt. In the end you are right BTC is the only hope for fiscal sovereignty of the USA.

billybobbybrownbaby

it’s either enough money to where you won’t be able to cash the crypto out without some KYC (if you’re american) or it’s not so much in which case get it in BTC and buy some gift cards

eflatviola

He is a BTC advocate not mstr advocate

tenor_tymir

Thing is if you take that money now and buy BTC, it would most certainly yield a better return than mining on free electricity

No-Masterpiece2246

Putting money in MSTR instead of BTC undermines the investment thesis he is advancing. It centralizes supply in a counterparty. And increases confiscation risk 1000x. The government could seize billions worth of Bitcoin by simply forfeiting Strategy's entire stack. So it follows that when the time comes, Saylor must do what the government tells him to do.

Lavayo

BTC was lower when everyone expected cuts at the beginning of the year, now we got a hike and it rallied, another hike this year is broadly expected. After the fed meeting the narrative shifted why BTC would rally despite or even because of hikes. Nobody knows shit, except that BTC is a hard asset in a dying system.

coolgamerboi23

So I recently sold a few roblox items on the grey market, and now I need help cashing out. paypal requires my SSN, which I dont know and dont want to give, so that leaves 3 options, BTC, ERC20, and LTC, the latter 2 I've never even heard of. Idk if there even is a way, but I figured if anyone knew it, it'd be you guys

Good_Extension_9642

OP is a decade too late, it's a cutthroat business now, you're safer just buying BTC

Gehrman_JoinsTheHunt

In 2016, people would have said the same thing about a 60% CAGR prediction over the following 10 years. But it happened. The range I gave for the next 20 years was 15-20% average annual growth. 15% would result in roughly $1.5m per bitcoin. 20% would result in $3.3m per. 20 years is a long time. I'm not an irrational hyper-BTC person, but I do think either end of that spectrum is reasonable.

JAMGlobalStudio

One underrated use case is actually **using crypto as infrastructure rather than treating it like an investment**. For example, depending on where you live, it can be useful for sending money internationally, receiving payments without relying on traditional banking rails, interacting with decentralized applications, or holding/transferring assets directly without an intermediary. If you're interested in the broader technology/business side rather than just buying coins, I’d also check out this book: [https://www.amazon.com/dp/B0HKY9JYBY](https://www.amazon.com/dp/B0HKY9JYBY) It’s not specifically a crypto book, but it covers AI systems, automation and digital business workflows, which IMO is where a lot of the interesting practical applications of decentralized tech can eventually connect. And yeah, I think your question is fair. If you're just buying BTC and staring at the chart, you're mostly treating it as an asset. The more interesting question is what problems the underlying infrastructure actually solves for you.

KeyBackRecovery

You've actually established something important here: the 18-word phrase appears to belong to the old [Blockchain.info](http://Blockchain.info) wallet, not the Mycelium wallet. Since you believe the BTC was transferred from [Blockchain.info](http://Blockchain.info) to Mycelium, I wouldn't spend too much time trying to turn those 18 words into a Mycelium seed. The two things you mentioned later are potentially much more interesting: the original HTC phone from 2014 and the 500GB disk image from the computer you were using at the time. I would preserve both exactly as they are before experimenting further. If the old phone still contains the original Mycelium installation/data, that may be much more useful than trying to reconstruct a seed phrase you may never have written down. The disk image is also worth preserving. Old wallet backups, exported keys, screenshots, notes, email archives, browser data or other wallet-related files may still exist there even if you don't remember creating them. Before modifying, updating or resetting the HTC, I'd first determine the exact phone model, Android version if possible, whether it boots, and whether the original Mycelium app/data is still present. And don't post any recovered seed words, private keys, wallet databases or backup files publicly. If you're still working on this, I'd start with the original HTC rather than the 18-word [Blockchain.info](http://Blockchain.info) recovery phrase.