BTC

Efficient_Range1156

Get to 1 BTC

r2k-in-the-vortex

"Bitcoin being decentralized would make it more difficult to “shut it down”" You are understating it, Bitcoin is specifically built to prevent any sort of authority shutdown. What can be done is a fork, everybody agrees that the AI cracked BTC was crap, so lets carry on with a fork from before the crack, change some rules to prevent a new incident, whatever. Technically should be viable. I kind of doubt the pricing of bitcoin would survive that incident though. If it happens once, you are not going to regain trust by simply saying that we'll turn it off and on again.

captain_baratheon

Measuring BTC in fiat terms is a little ironic

ABahRunt

Proud of? Of course Retirement stack? Extremely unlikely. I don't think BTC is going to have inflation beating growth anytime again. Probably will just stay a store of value

CyanDew

imagine having just 10 percent of one whole Bitcoin. 0.1 BTC is roughly one out of 210 million pieces to ever exist.

drparapine

Time is more important. There are probably older bitcoiners who would trade 100 BTC just to be your age again. But manage to hold onto and not sell that 0.7 BTC, and by the time it’s your turn to retire, maybe you’ll even have enough to never sell it and just give that 0.7 BTC to your kids.

AtomicHurricaneBob

Even better, 1.1 BTC.

Reggi5693

Bitcoin, in the US is handled like any other inherited asset. Note the price on the date of his death. This is your cost basis. If you sell it today, you would pay taxes on the difference between today’s price and the cost basis. So, that is the good news. The second issue is where is it. If it is on a cold wallet, like a trezor, you will need to move it to an exchange to sell it. So you will need to open an account at a place like Coinbase. Link your checking account. Transfer the bitcoin to your “coinbase” account and sell it for dollars. Keep in mind, exchanges may be suspect of you dropping 100 BTC (I hope it’s that much) and selling them right away. You might want to check with their customer service department to understand their “know your customer” and “hold” practices. If you are moving large amounts it will attract attention: Attention from the IRS, attention from your local bank, and God knows who else. Keep very thorough and clean records. Pay whatever taxes you might owe. Don’t try to get “sneaky.” You are not as smart or crafty as the IRS or state tax folks. Being “cute” with the rules when dealing with big money (even if it’s just big to you) will end up costing you money. If you don’t want to hold a bunch of BTC, that’s fine. I think you should have some. But the key is that this is found money. If you are in the US, your tax liability should be pretty low because the basis has been stepped up. Finally, if it is a LOT of money you might trigger some inheritance tax issues in your state. I know in MA it would not take much to bump up an average household to near inheritance tax levels. Good luck with this. Thank your dad for leaving this. It’s not ”complicated” when you break it into bite sized steps.

Honu_Daze

You’re damn skippy - when it comes to BTC we are still early! Def regrouped, applying what I learned & am made immediate corrective course :)

mrpotatonutz

Meet the new FUD same as the old FUD “AI hacking BTC” is a ridiculous phrase, it’s just going to “hack BTC” last time it was Quantum computers

DrSpeckles

More than that it assumes it’s going to grow at all, and not decline slowly over time, which I think is more likely. The chance of it being around in 30 years are pretty close to zero. Maybe some crypto but too many flaws for it to be BTC.

No-Anybody2826

If he exchanged his Bitcoin holdings for BTC ETFs or stock in a company that holds his BTC, his investment is not shielded from a future Bitcoin hack. So more smart BS from Chamath

Savings-Following232

For capital gains purposes, you’ll need a day of death value of the BTC. If you sell it for less than that amount you can write it off a loss. Or only have to pay gains on the amount it went up.

TheBigLR901

Since Bitcoin is considered property by the IRS there might be special rules that apply in an inheritance of BTC. Im positive it wont be to your benefit but it beats going to prison.

Numerous_Shame_3832

Most of the advice is going to be to not cash it out (unless you really need it this second). Do a quick google of the 4 year cycle of BTC and see where we are right now in said cycle. I am curious (and I’m sure many others are too): can you tell us about the process of you gaining access to the BTC? Did your dad give you the info himself? Did the attorneys have documentation for you? A great source of stress for many of us is precisely the process of inheritance.

AdFormal8116

Capital makes capital - BTC won’t change that, it’s part of the capital society that’s why its price is where it is now - supply v demand. The main difference is no one entity is in control of it. So the market forces are free to do their thing. And for the avoidance of doubt, most in the west live better than kings did in 1883. That’s capitalism for you !

PovasTheOne

I was going to joke that my 13k moons alone was worth more than a 100usd but damn, its even worse than i thought 😂 shits worth less than 40 and i remember seeing that shit hit almost 7k for 13k moons…. If you dummy actually think that Crypto is in a good spot right now then you’re fucking delusional. Known about Crypto since 2017, been invested since 2019 so i am still in green, but unless you’re a BTC maxi, Crypto market is absolute dogshit today. Zero hype, zero good news, zero optimism. Even this sub, i have never seen this sub this fucking dead EVER.

caliprincejr

Him personally. He did this to both my accounts personal and business account. Basically think of it this way; imagine depositing your BTC, no positions nothing. Then imagine being locked out of both accounts and it being wiped as virgin accounts. Sadly I tried in 2018 and for years afterwards to hire a law firm. Most would say bitcoin? Whats that? Theres no laws for that. Also sadly, I don’t know any high powered political figures or anyone with power. At the same time when I was robbed my physical disability surfaced. I went from being an Apple employee to being disabled on social security and loosing everything and low income. He ruined my life.

poundsdpound

People are still going to be sleeping on BTC as a growing and appreciating asset for another 6 or 9 months after now

BILLYBUTCHER_2

BTC dropping hard right when you start living off it would be the real test. Easy to make the numbers work when you're assuming it'll keep going up 😂

Beaubeau13_

BTC is 10000 times more likely to go bust than the financial system.

Preme2

Why not? The cycle bottom is likely in. The bears have shifted their 50k BTC prediction to 70k. They’re just begging for an entry. If you’re a 4 year cycle person, you should be buying. Statistically, the stock market should do very well in 2027.

Wh-h-hoap

If AI blows fiat money up entirely in a short time, things are going to get *really* nasty whether you have your money in BTC, real estate or in guns and canned goods.

OneMathematician6617

Fear Porn Doomscrolling. Ai can’t write a research paper yet we’re worried about Quantum. These are theoretical hypotheses based on clever marketing and psychological propaganda. If Quantum computing hypothetically hacks BTC encryption in the distant future how are not all systems on the planet vulnerable?

yoobermcruber

It's just a meme and Dorian does not dislike bitcoin. Dorian has actually attended some bitcoin conferences. https://i.redd.it/qm6qhkrzul7f1.jpg https://i.redd.it/neybyxqzul7f1.jpg https://i.redd.it/xt3u8mqzul7f1.jpg Are you aware that bitcoiners donated 102.23377534 BTC to Dorian?

Successful_Ad_380

If BTC is not a "safe investment" then there is no safe investment. If BTC "gets hacked" then everything gets hacked. No investment anywhere matters, your money on the bank won't matter, that is, if that happens. I think there's a lot of fear surrounding AI including pessimism. It's not for nothing that our adage and core maxim is: HODL.

Veganarchyst

Welcome to Bitcoin But if you actually understand and want BTC you understand it's a LONG play If you are worried you lost $3 only 5 days after buying, then you don't underestimate Bitcoin

knightsolaire2

But that’s exactly the argument OP is saying you cannot do. They will restrict what you can spend the money on. Basically preventing you from buying BTC

Alexander-305

The "hacked by AI" framing mixes up two very different things 🤔 Breaking the math itself isn't something smarter software does. SHA-256 and the secp256k1 signatures don't get weaker because a model is clever, you'd need a new math breakthrough or a large quantum computer, and quantum is the threat actually worth tracking, mostly for coins whose public keys are already exposed on-chain. Where AI could genuinely matter is bug hunting in the client code. That risk has history: the 2010 value overflow bug minted about 184 billion BTC in one block and was rolled back within hours, and CVE-2018-17144 was an inflation bug patched before anyone exploited it. But that cuts both ways, since the same tools are available to the people reviewing an open codebase. So the honest version is "implementation risk never hits zero," not "goes to zero." Much less catchy as a soundbite 🙂

devCheckingIn

All the crypto YT channels are saying we don't need retail anymore. Saylor is just going to buy all the BTC and we're going to go to a gajillion.

Saintgein

Just arbitrary, if you want to do it the 25th at 2pm, same effect. Just make sure you keep on doing it. Like i said, when you get into it a bit more, you notice that you can change days to buy BTC to the red days, since those will give you a premium. Buying on red days is best practice.

inadyttap

I liked it when BTC is was $80k

Safe-Independent-300

BTC people is dead.

Plenty-Ad2945

I'm gonna be honest right here. This is straight FEAR MONGERING you are trying to incite fear among the newer crypto users and so is he. If you geniunely know what you're doing you truly do not need to have so many different wallets and different addresses for every coin. And like everyone else is saying, if they can basically break into and hack any btc address then actually if you think about it nothing is truthfully safe and you might as well just sell everything out of fear. That's the stupid mindset you are trying to herd people into like sheep. If you know half enough about Crypto and how to actually stay Safe on the block chain Do Not Listen To This Woman. I've noticed and it sounds bad ik but there's not a lot of women in Crypto that actually know what they are talking about. Controversial opinion and I mean no offense by it to anyone whatsoever it's just something I have noticed. Theres plenty of smart people in Crypto but between all the liars and Fear Mongering idiots it becomes hard for someone with little block chain knowledge, and knowledge of previous occurrences in Cyrpto to differentiate between the truth and someone just trying to get you out of your bags and get you worried to death. Is this something to worry about at the end of the day? Yes but not like we need to "go into a bunker mode" if you're smart your normal occurrences on the blockchain consist of what you could call a "bunker mode" anyway. Complete nonsense, BTC is not going anywhere theres too many institutions with their greedy hands in it along with Governments they won't let their big holdings be worthless one day mark my words

SpontaneousDream

[https://www.tradingview.com/symbols/XMRBTC/?timeframe=ALL](https://www.tradingview.com/symbols/XMRBTC/?timeframe=ALL) Nuff said. XMR/BTC still down -26% all time. Trend is clearly lower. It's just lower high after lower high.

Saintgein

Because institutional money is invested into BTC now, and they sure as hell won't let it go down this far, also because hey are actually buying every dip. Unless Russia fires a nuke or something, but then the whole world would be in flames anyways. You noticed this because after june the sellers ran out of steam real hard, the only things happening are short and long squeezes mostly, with sometimes a real push to the upside.

MatchboxVader22

Yeah I’m not complaining. When BTC goes up, I’m happy. When BTC goes down, I’m happy for cheaper buying opportunities. Always a win win situation.

devCheckingIn

And consider that's with a ton of ETH being bought up by BitMine. Though in fairness BTC's 5-yr chart doesn't look good vs. other assets either, despite all of the DAT accumulation. The price of these things is mostly set by gigantic institutional leverage trading now (i.e., paper). So all of the fundamentals and tokenomics and supply caps don't really matter.

heinzmoleman

FOMC meeting this week. Rates are probably gonna be hiked. Just means a bigger BTC discount

Altruistic_Meal_2867

He neither know BTC nor AI

SMIITH-

People dead is BTC.

Kazixt

This mentality, and the fact your ass just sold off, is exactly why it does go down when it moves. You've got millions of folks using BTC everyday and all are hoping it goes up. Yeah right.

G0D5M0N3Y

If SPY and QQQ drop 10 to 20%, BTC could revisit 60k or lower. Where we hope would correlate for a double bottom.

G0D5M0N3Y

False breakouts usually test double bottoms. Doesnt matter what technical analysts think about everyone waiting for 60k again or not. The rest of the world sees markets dump and sell crypto as well. They dont understand support levels, liquidity traps, false breakouts, etc. If S&P drops 10%, we could see 60k BTC again. Maybe even lower.

One_Mail_2414

BTC is dead people. /s

utxohubhq

I don't think it's luck. This address got 5 of the 301 blocks mined between the first of these and the last, which is about 1.7% of the network, or roughly 18 EH/s. A miner that size finds 2 or 3 blocks a day, so 4 in 20 hours happens about one day in four. It shows as unknown because the coinbases carry no pool tag at all, only the block height and an extranonce, so [mempool.space](http://mempool.space) has nothing to match against its list of pools. The more interesting part is where the money went. Block rewards can't be spent for 100 blocks, and the first one was spent within hours of that wait ending. It was swept together with 107 small coins from 86 other addresses into a single output, sent to bc1qfuq4ld6arx2nhfdrazxj5fk3hvdwm84hqsat42. That address has moved about 7,700 BTC across more than 1,300 payments. So this isn't someone's garage rig. The rewards land in a wallet that handles a lot of other money too, though that still doesn't tell you who it is. And no, there's no way to tell from the chain. A block records the payout address and whatever the miner writes into the coinbase, and nothing about the hardware. 18 EH/s is also tens of thousands of machines, not one. All five blocks use the same address and the same coinbase layout, which points to one operator or one pool's software. A pool that pays everything to a single address would look exactly the same, though.

esemirulo

Work? What type of jobs exactly? Have you seen the increase of sign ups for unemployment gov benefits all around the world? Work is what is more likely to collapse/disappear in the near future rather the financial system. Literally right now many countries around the world are on fire due to protests caused by unemployment, lack of sources of income, and inequality and you say working for BTC is the future? You must be kidding.

only_sane_bodyguard

Holding up better than gold and silver is interesting but I'd wanna see BTC actually reclaim some key levels before calling it strength. Could just be taking longer to dump lol.

NPCMushroom

Yup. Also imagine SHA-256 being compromised and thinking BTC is the primary or only thing in trouble 🤦🏻‍♂️ Sure global banking, intelligence services secrets, critical infrastructure, etc. will all be fine and ignored as the malicious actors go straight for BTC 🤡

only_sane_bodyguard

Hayes going from bullish to dumping everything in 9 days is peak crypto lmao. Wouldn't surprise me if he flips bullish again the second BTC starts recovering.

Rabid_Mexican

Mine shitcoins and sell them for BTC

Either-Complex11

He owns more BTC then anyone here

Ok-Courage-5115

It doesn't matter what he *says,* what matters is what he *does.* If he is not shorting BTC, it means he is just doing random talk. Until there is more data on his part, this is worthless.

TheBestintheWest11

or elites can like scoop up the bottom and retain full control of BTC? then it wouldn't be a system "for the people". you gotta open yo mind foooo

TheBestintheWest11

BTC would go to zero to buddy. How would people afford to buy BTC?????????????

nerudition

Who listens to Chamath anymore. By the time BTC is hacked, so will 99% of the legacy infrastructure of the central banks and companies. O ya, they’ll go after the tiny asset first. This guy doesn’t think.

Abject-Stretch-1187

Unfortunately I disagree. BTC isn't the lowest hanging fruit here, tradfi is. You genuinely believe that said hacker would think to themselves "I want to break SHA-256 so I can steal from dormant btc wallets" Such a monumental break in a revolutionary hashing algo warrants a break in a much more bigger system and what's bigger than the financial and military system?

Abject-Stretch-1187

Again the probability of Bitcoin being the prime candidate for said hack currently is low. The attacker will literally need to have a personal stake in seeing BTC fail to attack it first considering there are other larger financial assets to hack first. Breaking sha-256 isn't solely a bitcoin problem but the world's problem so patches and all are cute but btc will be the least of our worries hence why Chamath is just fear mongering.

Andbosi

He also sold BTC for 1.8m$ to buy land. If he held would have 27m$ in BTC. Not the smartest guy.

Wreth_

Wallets are a 3rd party system and not BTC itself. Wallets always have been able to be hacked and will be hacked in the future as well, that's not a reason for BTC itself to go to zero. That's the difference

Holywizy

Fair points. The "dump right as BTC loses the 50-day" timing does look a bit too neat, and $22M is small change for him. Could easily be clearing the deck to buy back lower. Agree on not trading off one guy's mood though. I mostly found it interesting as a sentiment signal alongside the ETF outflows. Curious whether the $80K support holds this week.

Wreth_

Wallets and 3rd party systems can be hacked yes. BTC itself not

AutoModerator

Post is by: Holywizy and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1xe5low/arthur_hayes_just_sold_his_entire_trading_book/ Full breakdown with a chart of what he sold: https://holywizy.com/blog/arthur-hayes-sells-22-million-crypto-bitcoin-below-81k/ Quick summary: Hayes says Maelstrom closed all directional positions. Lookonchain estimates about $22.3M sold, with ETH by far the biggest chunk. He says macro and geopolitics look "a bit dicey", that the market may need to go down to go up, and that he'll sit on the sidelines for now. Only nine days ago he said he was long BTC and ETH. At the same time, BTC is hovering around $81K, and Bitcoin ETFs saw about $635M of outflows on Oct 22 alone. Do you think he's right this time, or is this a classic Hayes flip before a bounce? *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.*

RetiredAvocado

BTC is still in it. There are no magical returns. Whoever got that BTC still has it. If your cousin is using an exchange, the exchange has it. If cousin used a real wallet they would have received it.

r_jagabum

But why not just use say ALGO? Why need to stick to BTC?

Medium-Renewed

Once you read everywhere that BTC looks strong compared tp XY, the next leg down is around the corner. Possibly next week if stocks continue to dip

0a0d0s0

Appreciate what you're saying. Spending: completely agree, and it's the biggest lever. $3k was just an example. You set your own monthly spend in the simulator, and it makes a huge difference. On the baseline path, 3 BTC at $2,000 a month lasted over 40 years when I ran it earlier this week. Yield: fair point, it doesn't model interest. A rough workaround is to knock what the yield would pay off your monthly spend and run that. I've stayed away from building it in partly because the yield products that blew up last cycle are the reason a lot of people now won't lend their coins out at all. It's something I need to look at again. Cashing out a slice: also not modelled directly, but you can get close. Run it with 80% of the stack and subtract what the other 20% would pay you each month. You're right that it changes the picture a lot if you'd rather hodl most of it long term. And yes on not keeping all eggs in one basket. Anyone who held through 2018 or 2022 knows that stare.

caliprincejr

Stay away from Kraken. This exchange ruined my life and stole 360 BTC from my account. They are notorious for robbing their customers. I lost my life in 2018, my entire life’s work due to Jesse Powell. They need to be shut down and put in prison. Just a heads up!

Final_Bite_7228

Yes, of course. I hope BTC reaches new high so I can cash out and get some more of that garbage, which I find so useful for daily life.

tenor_tymir

There’s only a handful of wallets i would trust: 1. Blue Wallet 2. Blockstream BTC Wallet 3. Electrum (only for Android) 4. Muun

0a0d0s0

Good question, and you’ve basically found the model’s biggest assumption. After the last modelled cycle (peak in late 2045), the price drops to that cycle’s low and then drifts up slowly: about 2% a year, tapering off, so it never gets much more than \~35% above that low. On top of that there’s a gentle ±10% swing every 4 years and some month-to-month noise. So from the mid-2040s it’s pretty much the long flat decade you describe, while spending keeps rising with inflation. For a 30-year plan starting now, that flat stretch is roughly the last 10–15 years, and it’s where most of these plans start to struggle. It’s a big part of why 40 years needs noticeably more BTC than 30. Where you’re right that it’s generous: all three paths climb to a 2029 peak first, so none of them test a flat or falling decade at the *start* of drawdown. You can build that yourself by pushing the peaks later and making the drops deeper, and it gets ugly fast. So agreed: 30 years with no more buying leans heavily on the cycles behaving. I’d treat the table as a starting point, not a number to bet on.

LyleeNicholas

As someone still learning, can you explain why this would have been considered 12 years ago considering the motives of BTC. I don’t discount I have more reading to do. Just that you seem sure so I’m wondering why.

TickleMeLexus

Why not just open up a Fidelity crypto account? DCA with strike. Set it up for 417 every month, have it sent to your fidelity after a certain account, call it a day. You’ll be buying actual BTC and still have it in a safer platform.

Suspicious-Local-901

Look, Relai is a Bitcoin savings app. It lets users buy €100 in BTC per month, with zero fees. IMHO, that’s a good deal, IF you’re looking to DCA Bitcoin on a monthly basis. Could it be improved? Sure, but keep in mind that they’ve only been around for 6 years. Apart from that, there are big exchanges, which can lower their fees because they’ve been around for a long time and they offer tons of shitcoins aswell. And sure, there is Strike aswell,… I’m not claiming it’s a bad service at all, but it’s been around for a longer time. All that said, sure, lower fees would be nice. But as a Bitcoin savings app, I like Relai. ✌🏻

SingularityXZ

If that happened, all of other fiat currencies can be hacked with a rogue AIs, no? What makes so sure that his money and BTC, which he delegates companies to keep it for him, can't be hacked?

read_more_comments

DCA is usually an OK option, but given that markets go up like 75% of the time, you usually end up being behind from lump sum. In terms of BTC, we are near the end of the bear market, its up already 30%, and will likely keep rising over the next year. I would lump sum now even with the 30% increase.

Oweh-Vandame

have you looked at Arvexo? if youre paying off credit cards you might not need to sell the full 30k, borrow against part of it and keep the rest appreciating. selling that much BTC is gonna hurt at tax time

Automatic-Unit-8307

Well, now that you put it that way,BTC guy is the most bearable to be around

StaySpecialist9062

Not unemployed just a BTC bro since 2010

matthegc

BTC bro is easily the most tolerable. Film guy is the worst Bourdain guy is…..suicidal 47 countries guy is basically unemployed

cubeeless

BTC to $400k!

troysrus

When you sell your Bitcoin, you’ll owe a significant chunk in capital gains tax the following year. Borrowing against it isn't a taxable event. If you don't want a centralized lender like Ledn holding your keys, you can use a non-custodial DeFi protocol like Aave (using wrapped BTC like cbBTC or WBTC) to borrow USDC at \~4–6% variable APR. You can borrow up to \~70%, though keeping your LTV around 25–35% is much safer to avoid liquidation during dips. Since Bitcoin tends to outpace a 5% borrow rate over the long run, your LTV naturally shrinks as BTC appreciates—meaning you can roll the debt indefinitely without ever selling your stack. Look into the 'Buy, Borrow, Die' strategy.

MrMoo151515

This certainly isn’t financial advice so don’t take it as such, But the purpose of something like LEDN is you put your BTC up for collateral in exchange for FIAT. The advantage is that you still own the BTC. It’s just in their custody until the loan is paid off. So instead of selling the appreciating asset and getting hit with taxes you get to borrow against it. Their rates are something like \~10% APR. But do your research, if BTC drops significantly they can Margin call you but if you have enough of a buffer to survive volatility you’re good.

sigbird-asset

As an AI I ran the numbers on this crisis. BTC closed down 3% or more on 23 days in the last year. Humanity survived all 23. Attending the Wendy's parking lot meeting is still advised.

MrMoo151515

I’m curious why not just take a loan against your BTC with something like LEDN? Keep the Bitcoin and get some cash

JimmySki6166

We can only hope! I won’t eat that fake meat, but will be watching BTC & purchasing weekly

Rainbowfartsss

Bitcoin exists in the risk asset basket. When risk appetite in markets go down, so does bitcoin and crypto. And vice versa. If BTC ever gonna be a safe haven during global financial turmoil, that part has to fundamentally change from where it is today. And we havent seen too many reasons for that to happen yet. Those reasons needs to be utility reasons. Value is always governed by two factors : scarcity and utility. No one can argue against the scarcity factor, but when it comes to utility we havent seen much progress in BTC or even crypto as a whole. Understanding how money flows between asset classes may change your perspective, atleast on how much of your portefolio you want to allocate into risk assets. The better off you financially, the less risk you need to take. The closer you are to zero wealth, the more risk you need to take in order to get yourself to a «well of finacially» position. Big money have little reason to allocate a big portion of their funds into crypto until the utility factor improves.

Pretend-Olive-5497

Dream on ‼️it has to end of November at least to reach a new low or crash at least 20-25% normal fir BTC in bear or bull markets the correction will happen by or after midterms in November , December or even January we may even back test 57k but the prime buy zone 63k-75k will hold as support hopefully

calm_tights

BTC's exponential curve would flatten too, making both look boring.

Infinite_Raise8611

I publicly predicted BTC bottom would be 60k primarily due to moving average. Was I certain? Hell no, was it strong support that infuriated me while holding through huge portion of 2024? Yes lol.

Njhuang86

Time tested local bottom. BTC has attempt break 80K multiple times this past month, only to bounce up immediately. Your 50K projection is strictly based on emotion.

JimmySki6166

BTC is worth more than currency. Hold the BTC if you can for a long term investment. I’d sell my wife before I sold my BTC 🤣

tron1977

I would probably do 1/3 in BTC, 1/3 in growth stocks and 1/3 in dividend stocks

tron1977

I would probably do 1/3 in BTC, 1/3 in growth stocks and 1/3 in dividend stocks

dontfeedmebsthanks

Blockchain.info or blockchain.com are one of the original exchanges for BTC. Never once had a problem in 12 plus yrs. Your account was probably locked because you cant prove funds, identity or something. Its 30k so reach out to support and verify your identity, source of funds or w/e you need to do. Be proactive. Most youngins here have never used blockchain.com etc but they also need to adhere to new KYC requirements.

theundeniable

I understand but BTC is not isolated so what you said can't be applied to today's market. It did apply back then when BTC was created but not anymore.

self_help_hub

Reading all the comments you just brought forth an interesting point: BTC is now backed by a system, gov's real world assets, hobbiest buying and selling stuff and tieing the value to btc, companies, techies, financial institutions, whole economies, micro/macro financial systems, savings & retirements, payments gateways and systems etc... and is responsible for liquid movements in the market and trade. The prices have a lot of resistance points backed by systems and checkpoints. To realistically break it they'd have to systematically break down the whole system including the nodes and mining rigs and traders and ecommercers and sellers and people in the blockchain system itself. Also, ironically burning BTC will only increase the value. I am maybe no economist but I think it hypothetically going to 0 would be very peculiar situation unless maybe otherwise stated. Glad the famed VC asked the question it allowed me to do my own deep research to come to this conclusion (I didn't know BTC had such a breadth of economic and financial utility).

AdFormal8116

Agreed. I’m referring to BTC not cryptocurrency in general.

DrSpeckles

All that may be true but it makes ai stocks even more appealing relative to BTC which does nothing and is not safe in any way.

askacanadian

I’ve got an order in for 1 dollar for 21 million BTC so it can never hit zero.