BTC

splashhawk

As Blackrock, Wells Fargo, JPMorgan Chase, etc dump literally trillions into BTC. What planet is OP from?

Blade_Runner_69

Yes you should sell everything... And buy more BTC 👀

Scottex99

You can send most of those coins as is from Binance but most alts are dead so I wouldn’t bother. On paper best thing to do is convert all to BTC and hold, of course they could be worth €100 or €1000 in the future, nobody knows You’re not going to be rich from this at any time so I’d say the options are take your cash back now and eat the loss or hold BTC for 10 years and forget about it

Leather-Cod2129

I can’t convert to BTC. It says USDC or Euro only

MakeItMine2024

And why would you sell at this point? That’s the question.. BTC in September of 2028 will be 4-5X what it is now..

420knowledg3

Money can't buy happiness but it can buy more BTC

SafeMoonJeff

Did the same last week, Go into Binance, you can convert everything into BTC under assets it's like 2 clicks Install trust wallet and send your btc to trust wallet, that's it. Even better, If you want, go to Boulanger or Fnac and get a Ledger but trust wallet is fine for a few 250 euros Don't sell to euro or you will need to declare this to impotgouv Cheers

Worldx22

BTC is lower than a year ago. Convert everything except BTC ETH and maybe SOL to USDC. Send to Kraken. Wait. That's if you don't need the cash now.

ubermensch1001

Because at MINIMUM I'm planning on investing 50% of this capital into BTC. I would rather make one large move into one or the other instead of splitting it across 2 different chains that probably won't make much of a difference. In this case, I would just go 100% BTC.

Winterkirschenmann

Looking forward to your post in 5 years: "I sold my house without telling the family to buy 1 BTC, no regrets". jk. Congrats on the gaff!

ubermensch1001

ETH is solid, but at roughly .03 to BTC when it peaked at .085 in 2021 I don't think there are massive moves for that compared to BTC. Maybe a 2 or 2.5x compared to BTC when there is the potential for this not to happen makes want to just buy the primary asset instead.

Ashamed_Ad7508

Im just here for the guys saying „bottom signal“ so I don’t feel bad investing my last pennies into BTC.

ubermensch1001

At this point I plan on letting my ADA stack ride given how low we are right now. With that said, I don't think adding to it when I already have a lot is necessary. Really leaning towards just buying BTC from here.

Leather-Cod2129

Thanks a lot. Convert all to USDC even my BTC ETH etc. ? And whats the less stupid thing to do if i dont need those 265 euros now? convert all to BTC and wait for year? or i could loose even more? thanks

Timely-Fig2030

BTC = 1st financial blockchain ETH = 1st to implement smart contracts ICP = 1st world computer

damaged_goods420

BTC duh

Scottex99

Binance doesn’t have a MiCa licence so can’t support EU based clients yep So open an exchange elsewhere, maybe kraken, CB or Swissborg Convert all to USDC on Binance and send to the new place (probably best to do a $10 test transfer first) Then once the coins are on the new exchange, you can flip back to BTC if you want to hold for a few years Or just convert to EUR and be done with it Or if binance lets you convert to EUR and withdraw to your bank, just do it that way and skip all the above

Timely-Fig2030

Okay, then i recommend you to checkout the Internet Computer Protocol. (ICP) Everyone says it's dead, but when you look at the tech you will be sucked into the rabbit hole. This thing went from 2021 centralized pump and dump (FTX perps and seed investor dump) to a decentralized world computer, that has become truly decentralized through the NNS. Seed investors have dumped long ago and everyone is underwater. Most fail to see the potential because of it. I can see it though. There is only 1 world computer. BTC led to ETH. ETH will lead to ICP.

ubermensch1001

Bottom for ADA was most likely in after the Yoroi wallet hack, where those who were using it as a hot wallet had their funds drained. It went down to 14 cents and smaller holders have more or less completely sold off while whales have loaded up heavily. However, I already have a very large position with this and feel that it would be overexposure to continue making large moves. With that said, it's still very attractive given just how cheap it is right now. I am looking to invest 50%+ of this cash into BTC but would prefer making a large move into one or the other with SOL vs. LINK if I decide to go this route. Easiest decision would be 100% BTC, and right now that is what I'm leaning towards.

ubermensch1001

These two are just alts I'm considering but I'm also looking for suggestions. Right now I'm probably about 70% certain I want to this remaining stack of cash to be completely invested into BTC, just taking my time to consider my options here. This is going to be my last major move with crypto here for probably this cycle, once things get moving again and more bullish I'll be set to enjoy the ride.

ubermensch1001

Yeah, man, that is a very good point. I kind of see it as something more comparable to ETH now where it can slightly outperform it but not to some massive degree. For instance, ETH peaked at 5k last year while SOL was at a around $250. As I'm writing this, ETH is at just under $1900 and SOL is at $75, so to go to the highs from last year you are looking at a roughly 2.5x for ETH and a little less than a 3.5x for SOL. I'm not saying ETH or SOL are dead or won't perform well, but there may be other alts that have easier potential for large returns OR to where you may just be better off buying BTC.

maxmcleod

The house is the asset; the mortgage is the liability, and mortgage payments don’t all “become a cost”, part of each payment goes toward principal and builds equity. Borrowing against $600k of BTC may avoid realizing capital gains immediately, but it also adds interest expense and liquidation risk if BTC drops sharply.

ubermensch1001

Do you hold BTC as well or no? What you are mentioning here makes sense.

Southern-Bid4831

Solana offre de la liquidité et du rendement via le staking.Chainlink est une infrastructure sous-évaluée sous les 10 $.Une répartition 70 % BTC / 15 % SOL / 15 % LINK serait je pense pour toi la meilleure stratégie

DreadicalisedYouth

Brother... You've been stacking for 10 years and you're selling now? This has to be ragebait. You're telling me you've seen BTC go to 126k and you decided to sell it at the bottom of a bear market for 62k? I'm calling cap

ubermensch1001

Are you referring to it pumping today? I'm holding off on making any moves for a few weeks here to think about what I might want to do. I loaded up on BTC heavily in February and June at similar prices to where it is at now. I also made a large purchase of ADA earlier in the spring around these levels, not quite the bottom. I've been holding off for the last month and a half to see if we do in fact get another leg down in the fall or at least a revisit to the lows. ETH really doesn't interest me as much as BTC, I just think the potential for gains is not much better than BTC while being way more speculative. ADA easy shorter term swing trades, but like I said I already have a large position in this and didn't want to be too heavily concentrated. Sol I thought was a solid choice, which is why I'm considering it but I also don't know enough about it either.

pfchangshomelesscat

Bitcoin has been under $5,700 for less than 2 of the past 10 years. If you'd genuinely been stacking consistently for the entire 10 years, your average purchase price couldn’t realistically be that low. For example, to average $5,700 while buying 10 BTC, you'd need something like 9 BTC at $1,000 and just 1 BTC at $48,000, which is an absurdly front loaded buying pattern. Unless your purchases were overwhelmingly concentrated in the first year or so, the maths doesn't work

VendettaKarma

Chain link already greened out so BTC or SOL imo

ubermensch1001

Yeah, man, I'm honestly leaning towards going all in with this stack of cash with a BTC purchase while we are at bear market low territory around the 200 week. I'm a BTC maxi, but I also have been around long enough to be able to navigate alts for profits.

NarrowContribution87

And this is exactly why BTC and all crypto is fucking dumb. It’s not a currency if its primary value is speculative.

bananabastard

The oldest full BTC I still hold, I paid $180 for. Which stock should I have bought instead?

wheresabel

I bought a house with my early BTC and no regrets. It’s all about living life.

BecomeTheZenMaster

I know it feels mixed right now, but just think about the people (including me) that also have been buying BTC for 10 years but instead of holding lost it all on perp futures each time they bough some

Uncle-ecom

Are your kids teens yet? It would be even more painful if you're dealing with that BS as well as losing your BTC... Ask me how I know.

Pilifo006

Well, he could have used all of his money he got from selling his BTC just for a downpayment for a mansion and not buy it outright.

hodler1992

I should have read the BTC white paper in 2009 instead of going to school and begin a relationship

Accurate-Smoke8994

Now she owns 5 BTC when you guys split.

deleted-_-alt

Another comment said “you technically still have 10 BTC it’s just in house form”

deleted-_-alt

My wife hasn’t worked in almost 5 years, the BTC she buys is with my fiat lol

21drummaboi

I sold for a down payment on a house a little over a year and a half ago. At that time, I moved about an equal amount of money in my IRAs into IBIT to maintain some exposure to BTC. If you want to maintain exposure to BTC and have an IRA or self-directed 401k, that is always an option (though, in your case, I wouldn't move ~650k of your retirement funds into it).

lukef43

Haha this made me laugh because if i had 10 BTC and did the same thing...i'd probably be feeling the same way. Family life can be a drainer.

Gh0mri

Congratulations brother. You have held for so long. At some point we all have to sell. And if BTC can improve our lives, that is what is had to be done. How come the timing was now? Did you find the right house? Was is not possible to wait longer or?

cs_legend_93

Watch, in 3 months BTC will be 70% up in price because you sold.

ubfeo

Why in the f'ing world would your wife even know you had BTC ?.. Seriously guys keep that shit your secret just in case divorce stash.

ashiieyy07

Should have 0.0001 BTC in one in 5,000 bars or something and some smaller amounts as well.

BlumpTheChodak

OK, I’m totally confused and a total noob at this. Isn’t one BTC at 63K? How was your average buy price so low?

iownreddit0690

ABSOLUTELY ot could! BTC is the OG but its really NO different than an NFT! Its all backed by a "belief" that it will do something and be "worth" something! Its really just a thought that people bought into! I did, just as many others have! Does it really have any worth? Absolutely not, other than a micro group of believers

rhubear

5,700? My pricing data for Binance BTC says ca 63k.... Where do you get your pricing info? Also, why TH are you selling so low? You **should** know that crypto can dip 90%.

quietlydesperate90

I don't think anyone cares about your $1000 in BTC.

deleted-_-alt

2/3 is going back into BTC the other third is for taxes

lk1191

we haven't debunked the fact that people will always tell you this time it's different and BTC is dead during a bear cycle though..

HipOut

“Dumb ass kids and wife thing hanging around” BTC is “like a friend” Bro this is gross. Get your priorities straight

deleted-_-alt

Just like BTC you can’t predict life. I’ve been stacking for 10 years, it’s not my low it’s retails’

deleted-_-alt

Well now I have huge equity I can pull from the house to buy more BTC

deleted-_-alt

There’s something nice about not owing someone, and the new extra cash I’ll have from not paying a mortgage just increased my monthly buys. While others are paying mortgage I’ll be buying BTC

deleted-_-alt

Just like BTC you can’t predict life

deleted-_-alt

Yeah we’ll just like BTC you can’t predict life

deleted-_-alt

I’ve been buying for 10 years this isn’t my low it’s retails’. And just like BTC you can’t predict life

TenshiS

You could pay off the mortgage when BTC is back up, not at the bottom of the bear market

deleted-_-alt

People don’t realize, they’ll be paying a mortgage and I’ll be buying BTC

LaZZyBird

Graduated from BTC stacking to property stacking and being a landlord congrats

deleted-_-alt

Haha thank you, another comment said “you still have the BTC it’s just in house form now”

Top-Stepdeez

Profit is profit. You should’ve loaned against it because now you have to pay capital gains tax of 40-50%. Your 10 BTC in value is now only worth $300K in fiat post taxes.

coyote16

You've built a family, secured a home and used BTC to help you get there. You did great.

New_Mood_1819

Sell your left nut not the BTC

deleted-_-alt

Ah god wouldn’t that have been nice. Just like BTC though you can’t predict life

msb06c

I sort of know what you mean. I mean I dont even have multiple let alone double digits but when I got exposed to BTC at $400 and it was $1200 a few months later, I saw the potential and got excited. My plan was always to turn the btc into a house. After all, like you said, it’s kind of the whole point. If you don’t really use the btc for anything, it’s really nothing other than numbers on a screen and a feeling of security that if you really needed/had to, you could walk away from your job. Anyways … between life, covid, housing market, and being out of work for quite a while, my plans to purchase property in early 2020 were ultimately postponed until a few months ago. Ironically, (besides ky mortgage lender insisting that my down payment could not come from crypto proceeds, which I thought was retarded) my stock was able to buy from 2016-2020 were now inflated enough that ultimately when it was time to buy, I no longer needed the btc (plus it was “only” around 80k in April/May when I was shopping) Dude… you just bought a house for like, effectively 50k. Congrats on the insane come up. You did extremely well.

Accurate-Flow8078

Nah the average wife has no idea how much BTC is

Finflex2030

I bought BTC at around $300 and sold my last piece at $8000, and I thought I was a genius at the time 😭

deleted-_-alt

Another comment said “you still have 10 BTC just in house form”

Orbital_IV

Seriously, weddings are an abomination. What a waste of everybody’s time and money and sanity. If I spend 2 BTC on a damn wedding take out back of the shed and shoot me.

Silasurf

Rule n1 of Bitcoin hodling. NEVER TELL YOUR WIVES ABOUT YOUR BTC BAG.

Cryptogirl007

Awe, could you have kept at least one BTC for old times sake? We’re still in a bear market, so I suppose you can start stacking again for the next 10 years. But I’d probably stack in the first 2-3years, cuz BTC will likely reach $1M-$5M in about 10 years.

Silasurf

Sell the wife, im sure she was the culprit. Never sell the kids or the Bitcoin. Kids and BTC are assets, wives are the greatest liability

josecuervo9

get a collateral loan against the BTC and buy the house, pray it doesnt drop and make pay the interest

oct_prime

Sell half take the loan. Then sell the BTC in 5 years.

deleted-_-alt

The timing really sucks but just like BTC you can’t predict life

AutisticJaguar4380

Congrats on that, I truly hope that you never divorce and come to regret that decision! You used BTC for what it’s for.

Substantial_Koala_22

The point was not to lose money. Given the opportunity cost on stacking over 10years, you lost money on BTC. As you financial advisor I would advise you to sell your kids and rent out your wife. Ps: not financial advice

El0vution

Why didn’t you just collaterize the BTC for a loan to buy the house?

Known_Falcon_3102

No, don’t trade BTC for house

Veganarchyst

Everyone who sold all or tons of their BTC in the past have said they wish they hadn't, they wish they would've borrowed against it to buy it or put a down payments down instead. Then they'd still have the BTC and the house and the huge increase in value Bitcoin did since selling it so they'd have even more wealth, rather than a 1 time sale to trade for a lesser value and weaker holder a value in buying a house instead

Maleficent_Poet_7055

Sell wife and kids to buy more Bitcoin. 10BTC will be $10M in a few years, and $100M in a couple of decades.

The_BigWaveDave

It’s always been a means to an end. Congrats, you can’t raise your family and make memories in a stack of BTC. Tangible, hard assets like real estate will always be a good investment.

Argyrus777

How about sell enough for the down payment and sell little at a time as mortgage comes due. That way gives BTC to get back up

CyberCrud

This conversation is how I know we're nearing the bottom.  Happens every 4 years on clockwork.   As soon as I hear that BTC is dead, that's when I go all in. 

DontLook_Weirdo

Nft is now being used and traded for what it was meant to do and it was never meant to be exciting..that's why you don't hear about it anymore. The jpeg-hype we saw for nft is what's dead. Nft was meant to provide a digital signature, essentially. Now it's thriving in the deed and financial data world. The shit we saw was an abuse over the fact that 1:1 = $ and opportunist took advantage. Tokens with utility are being used in their use case, it's just not something that's usually tangible, so you never really see them working and that's kind of the point. BTC has its foot already set, it's not going away regardless of what people think. Ethereum is also not going away, they're actually putting up the fight against how transactions work and in our benefit so let them cook. The shit that does not survive is what shouldn't... And we all know exactly which coins they are. Crypto is not supposed to be exciting at all, trading it and betting on shit coins is what brought excitement to it.....and idk if you realize but the market is all red. No one is pumping. That's expected....just DCA on whatever fuckin project you believe in, set reasonable alerts, and go outside until then

Big80sweens

The number you are describing is physical bills of cash, there’s a lot more than $7.5T USD in existence today. The US debt is encroaching $40T… NVidia’s market cap is $5.5T, BTC could easily pass that. Just because the market cap is $7.5T doesn’t mean that amount of physical dollars were needed to buy that much BTC, it’s just how much people are willing to sell their bitcoin for resulting in the total market share hitting that number. I’m not suggesting $360k will happen in the next couple years, but it isn’t outlandish to suggest it could.

iz_raymond

Not the way of NFT, but the Dot.com. Blockchain tech will consolidate to a more useful usage case, working more in the background of other tech industries rather than in the front like currency. BTC will continue to be a widely agreed and traded digital assets, while the rest resolve to nothingness.

Quirky-Reveal-1669

My (KYC) DCA is fully automated. I have an automatic weekly fiat transfer from my bank account. The amount is some 10% more than my DCA investment. My DCA is an programmed daily purchase of BTC at the exchange (CEX). During sharper or deeper dips, I usually have some extra fiat on the CEX to buy extra BTC. Whenever my BTC amount on CEX exceeds a certain fiat value, I withdraw BTC to self-custody. This step is not automated. I try to never leave more than \~$1000 worth of BTC on CEX.

thebaronharkkonen

Altcoins are dead and have always been nonsense. BTC only. 

tekmiester

That price would mean that BTC is worth more than all the physical dollars, Euro, and Chinese Yuan in circulation combined. It can't happen unless the world economy is radically and fundamentally altered, so no, 2028 is unlikely.

GxM42

Obviously. But that’s what’s going to happen. It’s BTC or govt controlled crypto.

FamiliarMulberry8017

Could be $360k doesn't sound crazy for 2028 if the liquidity and market cycle line up, but I wouldn't be surprised if BTC overshoots it either..

nbkdk6q

BTC isn’t likely dead at all. I think that, if anything, the crypto ecosystem thins out and remaining capital concentrates into BTC for its original purpose (digital gold). Im not smart enough to know which of the smart contract platforms stand the test of time. The memes are fueled by hype, and the hype just isn’t there. I also never understood NFTs, at least not beyond what I understand about other collectibles like baseball cards (they go through really long cycles), art, wine, etc.

mathaiser

Because crypto is a scam and BTC is a miracle. He knows. BTC is entirely different from anything else out there.

LightningShiva1

Ive never said it doesn’t have any value. Thats what you assumed and only you. If I thought they did not have any value I wouldn’t be wasting my time on here. Barring few major chains most of them bs forks and ghost towns nobody uses. Compared to AI, the usecase is not even close. You can see it reflect evidently in the marketcap. Nvidia alone (1 company affiliated with AI is worth 4T$) BTC is worth 1T$. Besides if I wanted quick transfers I could also use NANO, XRP, PAXG (which is tied to gold) and Ive used them on more than few occasions. And your comment personally attacking me came across to me as kinda weird ngl. Not sure whats the need to get so defensive, you an I are not going to change the world order. Calm down.

roopert

Real world utility for fuzzy dice, candy, and ps5 trade in. Better than BTC if you think about it

desdecuando1

Porque esto es reddit. No entiendo tu punto la verdad. Simplemente no tiene sentido darle tu oro a una potencia pirata. Van a robar tú dinero es su naturaleza. Es absurdo en todos los sentidos. Talvez si lo escribiera en inglés, entenderías la ironía de tu retórica en un sub de BTC.

MonXMR

Hey there! After further investigation, there seems to be an issue with the transaction that CashApp sent you. They initially sent this Parent transaction, which includes the output you received for 0.00489635 BTC: [https://mempool.space/tx/632188193a9ea4f445891c3280707557cd8d1e694e87d1d319d2e3c0a827025d](https://mempool.space/tx/632188193a9ea4f445891c3280707557cd8d1e694e87d1d319d2e3c0a827025d) However, there is also the subsequent Child Pays For Parent (CPFP) transaction, which you see on the block explorer as being sent to OP\_RETURN: [https://mempool.space/tx/1ff8742b770f75fd16310f63033c74867278c4e6ba1b5891df7b42222e4aebc7?cpfp=true](https://mempool.space/tx/1ff8742b770f75fd16310f63033c74867278c4e6ba1b5891df7b42222e4aebc7?cpfp=true) It seems that CashApp may have messed something up, and spent the 0.00489635 BTC you received in the CPFP transaction. Have you ever tried contacting CashApp to ask them to review this further? They may have further insight to what happened with these transactions.