Reddit Posts
Do you think the people affected by the historical floods over the next five days will be buying, selling, or holding BTC?
How do you monitor positions + orderbooks across DEXs, CEXs, and other platforms?
Peter Brandt Highlights Bitcoin Price Pattern Key to Keeping BTC's Bull Trend Healthy
How do the largest hodlers of BTC store thier coins?
What percent of us do you think are hodling this way, Pros and Cons. Storage
Is it a common misconception that Bitcoins gain their value from the cost of electricity required to generate them?
BTC can't turn $1 into $10 in 2024 - yes it can, over and over
MSTR or miners for leveraged play? (and how is the halving supposed to be bullish for miners??)
BlackRock Bitcoin ETF has surpassed holdings worth over $2 billion, equivalent to more than 52,000 BTC.
BlackRock Bitcoin ETF has surpassed holdings worth over $2 billion, equivalent to more than 52,000 BTC.
Don't Get Rekt in This Bull Run: Remember the 2017 "Earn" Scams?
Don't Get Rekt in This Bull Run: Remember the 2017 "Earn" Scams?
BTCMinetrix | ERC-20 | Cloud App | Stake Tokens = Mine Bitcoin | Audited | Presale Is Almost Finished | Join Before Official Launch
Reminder: Bitcoin Was Invented to Replace the Current Flawed System, Not to Be Absorbed Into It. Stop getting excited about BlackRock and Fidelity accumulating more BTC every day, and be aware of what's coming.
I LOVE BTC logo design. Feel free to use it for any purpose. Design source files are in the comments.
Bitcoin As A Power Law: why BTC is predictable over the long run
ICYF: BTC ETFs can start advertising on Google from Today.
"Traditional" Investor here looking to diversify, should I buy a lot of BTC before the halving?
Mined BTC early, trying to figure out if recovery is possible...
Crypto Reporting (US) - Bitcoin and failing to report loses; Need help to fix this
BitcoinMinetrix | ERC-20 | Cloud Mining | Stake To Mine BTC | Audited & SAFU | Jump In Before Listing
Setting up a Node on a new N100 Mini PC, What do I need to Know?
Reminder: Bitcoin Was Invented to Replace the Current Flawed System, Not to Be Absorbed Into It. Stop getting excited about BlackRock and Fidelity accumulating more BTC every day, and be aware of what's coming.
The last deadline for an Ethereum ETF approval for the SEC is in May 2024, expect a stronger pump than the months before the BTC ETF approval
My last post was deleted: I heard you guys loud and clear
Why BTC will be sideways or downward for months..
ETF's price drop explained, and why the growing optimism!
Hey are you interested in BTC investment The BTC investment is that you will have to open a btc wallet and fund it and if you have it already then you’re already a winner What you will just do is that you will use $50-$200 $100-$300 $150-$400 $300-$500 $500-$1000 $1500-$2000 $2000-$3000
If Bitcoin Didn't Exist Where Would You Put Your Capital?
Navigating the BTC Market Shake-up: Understanding Grayscale's Move and the Dynamics of Weak vs. Strong Hands
Question about ETF -- are BTC traded or do they tend to be held?
I just saw my first Bitcoin ad on basic cable tv….
Hey are you interested in BTC investment The BTC investment is that you will have to open a btc wallet and fund it and if you have it already then you’re already a winner What you will just do is that you will use $50-$200 $100-$300 $150-$400 $300-$500 $500-$1000 $1500-$2000 $2000-$3000
Saudi Arabia to Match Satoshi Nakamoto's 1Million Bitcoin!
The previous Bull Run was pretty underwhelming.
Clarification on UTXOs / what am I misunderstanding re: consolidation?
Bitcoin Mempool Ordinal / BRC-20 / DataCarrier transaction comparison?
Have you ever wondered what Albert Einstein may have said about Bitcoin?
Have you ever wondered what Albert Einstein might have said about Bitcoin?
How long did it take you to understand why BTC really matters?
Is Bitcoin Finally Finding Firm Ground as Grayscale’s BTC ETF Outflows Calm Down?
Is Bitcoin Finally Finding Firm Ground as Grayscale’s BTC ETF Outflows Calm Down?
Joe Rogan learning BTC being the best store of value in the world 10yrs ago when BTC is 900$
1 year ago I ACTUALLY lost most of my Bitcoin in a boating accident.
BitcoinMinetrix | ERC-20 | Cloud Mining | Stake Tokens = Mine Bitcoin | Audited & Safe | Presale Is Almost Finished | Join Before Listing
Bitcoin Monthly 32 - Stay up to date with what matters
Pricing All Everyday Goods in BTC, From iPhone to Houses, Will Act as an Electroshock to Your Awareness of the Bitcoin Revolution.
Finding Remote International Jobs (Freelance or Salary) That Pay In BTC
After looking into Bitcoin for 1 month and reading A LOT of posts on this Reddit I have no clue if BTC will go to the moon or go to zero.
Does the fact that Coinbase holds custody of 8 out of the 11 spot BTC ETFs pose any risk?
Mentions
> Also, such a waste of profits to have that one BTC sit thru the bear I was with you till this bit. Bitcoin is not just an investment. Where's he going to store his fiat in the meantime? I wouldn't trust banks with that much money.
He had $400k profit tied up in BTC and said it was lifechanging money for him If thats the case it’s always time to sell some even if you are giving up some upside potentially if it rallies
That is a silly explanation. You're saying something created out of thin air is valuable? So what about a million other crypto projects that are better than BTC on a technical level? BTC network is very slow, poorly optimized and expensive. And you just drop a statement that it is rare because it has 21 million total supply? Nothing is expensive or valuable because of that.
u/moroz_dev Yes, some of the BTC went to Binance Deposit addresses. https://i.postimg.cc/4djtVk6n/Btc.jpg
Amen. The amount of people in here giving financial advice to others while they themselves sit on 0.001 BTC is probably laughably high.
Nice cherry-picked stats, useless. Look at a chart of USDT market cap, priced in BTC. Use moving averages like anyone who's not retarded. Number go up.
Yes there are millions of cryptos that are not scarce, which is why Im not talking about those, just BTC. Why is gold valuable? Because it is scarce and hard to produce. The only difference with bitcoin is that btc is even harder, soon impossible, to produce. Gold is used in electronics yes, but if it were just that, it would never ever have such a high price. Stuff only has value because humans say / think it has value. And things that are hard to come by are more valuable. Dollars only have value because it is mandated even though it is infinitely printable, in the end it is also useless paper. In that sense if BTC were to replace the banking sector, it would free up an unfathomable amount of energy, resources, labour, time while also removing a large factor that extracts money from the poor and sends it to the rich (See Margin Call / The Big Short movies).
Yes there are millions of cryptos that are not scarce, which is why Im not talking about those, just btc. Why is gold valuable? Because it is scarce and hard to produce. The only difference with bitcoin is that btc is even harder, soon impossible, to produce. Gold is used in electronics yes, but if it were just that, it would never ever have such a high price. Stuff only has value because humans say / think it has value. And things that are hard to come by are more valuable. Dollars only have value because it is mandated even though it is infinitely printable, in the end it is also useless paper. In that sense if BTC were to replace the banking sector, it would free up an unfathomable amount of energy, resources, labour, time while also removing a large factor that extracts money from the poor and sends it to the rich (See Margin Call / The Big Short movies).
Even Robert Kiyosaki sold all his BTC. All these people telling us to buy because it's going to a trillion meanwhile they were selling.
My story was very similar. I was a computer science student sitting in a lab circa 2010 reading about BTC. I was broke back then, but shit for $20 I could have easily bought 15 or 20 coins. The main appeal to me WAS that it was being used for illegal activities. Insanely large volumes of money flow through that stuff. Of course, the claim of it being untracable was nice but we all know that's basically not true. Certainly not any more. Maybe if you bought in long before KYC was a thing, haven't bought since and never funneled any of it into any accounts connected to you of any kind... maybe. The reason I didn't? I knew that if it were truly what they claimed it to be, and it ended up being a scam or got cyber stolen somehow, there was no police or legal force in the world I could go too (and that somewhat remains true today). I wrestled with myself for months to take $50 and just buy in. Just to be "part of it". I didn't. I did buy in when BTC hit a little over $5000 a coin. I grabbed up around .85 coins. When it hit 10K a coin I made myself a whole coiner. Since I've been trying to get to multi coiner but even being a whole coiner is good enough really. While I wish it were more, I'm glad I have what I have. I've seen all the same crashes your talking about. I've rode through almost all of them too with my money in the till. This pull back from 126K doesn't scare me a bit.
Everyone regrets not buying BTC when it was cheaper right up until it actually is cheaper. Then they don't want it anymore.
There’s no buying pressure, and the liquidity sweep that happened during the Asian session doesn’t seem to have been enough. In the worst-case scenario, BTC could possibly reach 75k and ETH around 2.15k from here. Could be great trade setup
BTC is so very scarce you can barely find any of it for sale.... oh wait.
"Here in the real world we can correlate the BTC price almost directly with USDT supply curve" No you can't. 1/21/25 - 4/7/25: BTC -28%; USDT Mkt cap +4% 4/7/25 - 10/6/25: BTC +63%; USDT Mkt cap +23% 10/6/25 - 11/21/25: BTC -32%; USDT Mkt cap +4% Negatively correlated, then positively correlated, then negatively correlated. There is no meaningful correlation. "It's telling that your argument is that USDT **supply** has no effect on BTC price." Please point out where I argued that. I'm just poking holes (easily) in your arguments. You thought MSTR was an ETF, you don't know what you're talking about. Go back into hibernation.
I bought XRP around 0.4-0.6 range, I'm still holding onto it and I'm not sure why, it made sense in that range but now it just feels overpriced because no-one really uses the XRPL for anything (enlighten me if someone uses it other than buying memes that suck) so something big needs to happen (which it could but more uncertain than just buying BTC or ETH which have more clear reasons to buy. Also people that do use XRPL for whatever reason, apparently everyone just uses the default UNLs which effectively means the same few people validate all the transactions on the network, which isn't exactly what I would call decentralization. To me the biggest reason and why I don't buy more is because of the initial distribution of XRP and how it was all pre-mined and given to Ripple and the founders, all 100 Billion tokens (80B to Ripple, 20B to the founders). There's no reason Ripple should have so much imo....
Protip: Only BTC is worth getting into if you are new to crypto, because it has stood the test of time whereas only a very few alts have...a tiny handful of them literally. Most alts are gathering dust. BTC is where you should always be invested unless you are experienced.
MOST hard core holders don't think about BTC in terms of dollars. They bought BTC to have less dollars (or to have more BTC, or both). Some, like me, see that side of things but also do not expect everyone in the world to buy in. I think buy in will still be a small minority but still large enough that it's not going anywhere. For the folks looking at BTC as a way to stuff their pockets with USD... they get crazy hyper when the price swings radically. Most of the rest of us simply don't care at all, or even watch it day to day.
When you say “involves selling”, do you mean selling you BTC for fiat, or do you mean exchanging it for whatever you want to purchase? I’m trying to reconcile how we talk about these assets. You don’t say you “sell” dollars when you buy something, right? You just, spend them. I think a lot of the people holding bitcoin for the long haul have no intention of selling, but do intend to spend it. Though clearly not everyone, plenty are literally holding forever.
Translation: Institutions want to normalize selling BTC to them. To be clear, it's never smart to trade hard money for soft. Unless you really don't mind giving away that future potential. I guess $300k seems like a lot to OP, to each they own.
And he posts this when BTC is $85k and not $103k when he apparently claims to have done this. Definitely doesn’t scream of cope and self affirmation (begging for approval).
I assume this is after tax. Even if not, in the US anyhow most of us (even with this kind of BTC profit) fall in the 15% tax bracket. OP still put 275K in their pocket. If this thing drops to 50-60K, they literally double up their stack on house money. I never advocate for this, but following the chart they aren't in a bad place. As long as they get back in under the sell price, they're fine.
This whole post is pretty contradicting by OP. #1. If you wanted to sell and take profit, why not when it hit ATH of $126k? #2. Now it's down 40% and you sell? Especially when the overall general market is showing mild strength in uncertain times and the rate cuts + money printer is going to go off in January. #3. You're keeping 1BTC but are confident enough to sell the rest of your stack at $84k and say you're gonna buy in at $42k? If you're so confident, then sell everything, you're literally leaving money on the table. #4. The tax implications on Crypto suck unless you're in a country with no taxes on the sales. What smart money does is take out loans against their assets so they never have to part with the assets or pay taxes on the loans. I bought my $800k house with a Stock Asset loan with a lower interest rate than I would have got through a traditional mortgage broker. #5. If you're treating Bitcoin as an investment to profit from you have to approach the game MUCH differently than you have, OP. The best way to approach Bitcoin is as a long term money storage device that will outpace inflation in the long term.
People who can operate like this and detach is not the norm. If you are doing this already few times in a row you are like a Steph Curry of trading BTC. Simple as that If you are lying then fuck you big fucking time :D Pico bottom is at 37 but I agree, 40-42k sounds about right. Hopefully we get a rally back to 95 with every douchebag fomoing We are already in 9gag being made fun of so ... newspaper next week and rek shorts Congrats
Cuck lol. I bought in at 10K per. I'm up, still today, over 75K on my initial investment. I bought in with money I could absolutely afford to lose. I bought in knowing there's always a risk. If it goes to zero, I shrug my shoulders and move on. I'm out the 10K. I know people who blow that every year on booze and cigarettes. It represents a one time investment on my part, which if sold today would put over $50,000 in my pocket after taxes. BTC is higher risk / volatility... but also higher reward (at least much more so to this point) then a traditional investment asset type.
Yep Fidelity lets you buy BTC, ETH, Solana, XRP I think one more directly. Just did it last week while everything dropping.
I'm a holder, but I think most holders just want everyone to hold. Never to take profits. I'm not like that. I hold because I don't have enough BTC to take big profits. I'm happy for the guy. He's made 325k ffs.
11k BTC, How many get sold each day??? Just for context!!
I'm in since 2017, and up 3000% by simply holding. Well "simply" it actually takes a lot of convicito and willpower especially during the downturns that I've lived through several times. So your "common sense", is actually not something I agree with. And thats "following the herd", from my pont of view. I've seen way more people losing their BTC and any gains while trying to time the market, than just hodling. But holding is not for the weak.
I think I somehow deleted the last word and replaced it with another word I made up (not in any dictionary). In any case, I have access to a public address and I can see that the BTC is still there.
Sure, i agree, but BTC has already had a good run up, and is tied way more to the stock market than it used to be. Market is about to turn over, so it’s a convenient time for BTC to turn over too. Plus if you look at the stats, October looks to be about the correct time for the cycle to end (rough given that there’s never an exact date, but it follows similar patterns)
So far ETH did shit, asking myself what would happen to him if BTC go to bear. No new ATH nothing...
The BTC maxis stating Ripple Owns most of XRP, sure. But nobody knows who the fuck even invented BTC outside of plausible theory's such as a 3 letter Agency that could pull the biggest rugpull of the century.
Top was in in like October, market looks to be turning over too and BTC follows the market
If XRP keeps going down, then it won't outperform shit on the yearly chart. That percentage if decreasing fast for XRP. BTC/ETH performed much better this year. That's of course talking if everybody played it right by taking the profits near the ATH, which... Most did not (Including me).
Then what is the purpose of Bitcoin? To counter western society? Such hypocrisy, the west keeps fiat around because it needs to pay for the munition suppliers and military spending. Your BTC won’t mean shit if we go into next world war. How many Tomahawks can all the bitcoins buy? Prob not enough, so long there is conflict, there will always be need for more weapon and bought by fiat only. Your BTC might would well in an isolated island utopia.
“Buying or not depends on your risk tolerance, but splitting between major assets like BTC/ETH/XRP is a common beginner approach. Just remember the most important part: how you store your crypto matters more than what you buy. Exchanges aren’t designed for long-term holding, especially with new tax and regulatory changes coming. If you need help understanding safe storage or how to protect your assets, feel free to DM me.”
was it in your IRA? if not you gotta pay tax unless you have some losses you can harvest. IRS treats crypto profit like real estate. main reason I bought BTC in my IRA I can buy and sell as much as I please with no tax consequences unless I withdrawal.
From my personal experience and many others here can testify to the same thing, holding alts in the bearmarket is a big mistake, they tend to lose a lot more compared to BTC and they might not even reach their ATH or even your entry point ever again
He was born in 1939. I am not going to listen to him about BTC. Sorry. Just saying.
All we can do is hope and prey that our Alts don’t crash and burn. Otherwise next cycle I will only invest into BTC / ETH
Bad flex. Would have been strong of posten when Bitcoin was at $102k. Also, such a waste of profits to have that one BTC sit thru the bear
Some people think BTC is some sort of communism protocol. BTC was not designed to solve wealth inequality. End of story.
People selling right now bought btc before you probably even knew what it was.. spent pocket change and turned it into over 1 billion $ and are now offloading. Enough with the corny takes BTC is great everyone knows it. But extracting profit is necessary.
Agreed. And every single time BTC dips 20%+, there's people saying, "Don't expect to see those kinds of gains again." I just shake my head and remember the 1000%+ gains I've experienced multiple times over the past decade. You say $50K move upward in a month and yes, that's big. But it is NOT out of the question for us to see far FAR more than that in one go. People will laugh and give some kind of reason why it won't or can't. But I've heard it all from $255 Bitcoin to $1000 Bitcoin to $20k Bitcoin, $60k, $100k, $125k... Most people naysaying are people who REALLY don't want to see how bad it was to miss the boat again. I know this, because there was a time where BTC was still 4 digits and one group of people told me to buy as much as I could and another group of people told me not to and to pay off my student loans. I paid off $18k in student loans in a 5 month window instead of buying more BTC. Well, the people who told me to buy more got really REALLY wealthy. The people who told me to pay of my loans said, "Well, there was no way you could have known it would do that...and it won't happen again." Then continued to try and convince me it wouldn't happen again, even after it did two more times. The group that tried to convince me to buy more certainly DID know and the group that convinced me not to have zealously defended their decision to not buy and to convince others not to time and time again.
Perhaps they could, and 2 BTC would just be icing.
Peter Brandt expects BTC to hit $200k... in 2029.
I THINK that with coming clarity, coins without utility are going to die off. A lot will. That’s where the space is heading, right? Random shit coins like Fartcoin will fizzle away. I think BTC will obviously always be around but with tokenization coming, I think the utility altcoins will have their rise to fame. Right now though, the market although in the trillions, is not mature enough for that to happen. I think you have good coins.
I'm in US too! I can only get one maybe two grains of rice with 15 BTC.
Post is by: iTzSonicHD and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1p3bdbh/people_keep_saying_alts_always_die_only_btc_eth/ Lately I keep seeing the same comments everywhere saying the reason so many people are negative on crypto is because alts never recover and that you should just stick to BTC and ETH because they’re the only ones that have proven they bounce back every cycle. I actively DCA into SOL, SUI, LINK, and RENDER, alongside my ETH and BTC. But I’m not going to lie. All the posts about alts dying off each cycle are starting to make me overthink things. For those of you who’ve been through past cycles: Have your alts ever completely failed or never recovered? If yes, which ones? And on the flip side, which alts actually did come back strong? *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.*
Don't get over your skis BTC it hasn't sold off yet
Use an exchange to purchase BTC. Transfer immediately to a hardware wallet. Store your phrase words somewhere offline in a safe place. You only need them if you lost your hardware wallet or forgot your pin. Move money to an exchange only when you plan to sell. Once you sell, immediately move your currency off the exchange. I've bought and sold 1.5 BTC over the years without any issues at all. It's a bit scary at first, but it's not necessarily difficult. There's obviously some risk when moving money to and from an exchange... Purely because once the money is on the exchange, it's out of your hands temporarily. That's why I advise to use the exchange as sparingly as possible, and always transfer your money off the exchange immediately. The risk of the exchange doing fraud and locking you out of your money is a lot more minimal when your money is barely on it for more than an hour.
OK Tether bot It's telling that your argument is that USDT **supply** has no effect on BTC price. Even in your hypothetical world where Tether is 100% backed and **not** rigging the market with massive wash trades, it's almost axiomatic that an increase in USDT supply would increase BTC price. Here in the real world we can correlate the BTC price almost directly with USDT supply curve but I guess that's "conspiracy FUD" to your bot's coding too?
Dunno at this point this cycle can BTC go bear and alts go alt season. I expect everything 😂
ZEC/BTC chart painting a bull flag, still looks good. Accumulating here with tight stops below support
You really think we will see another 80% correction without bearish macro sentiment? Although it may line up pretty well with overall markets. Everyone is expecting a pull back now but, we could rock on to even more ridiculous valuations. I was honestly hoping for less volatility in BTC with current and future adoption. I guess that's not where the big bucks are though.
You stay in crypto long enough and you end up getting wiped out. You’re gonna bet on internet money based on bad technology that’s infested with scams, many such cases. The only “real” value in the space is BTC, and I’d argue is still way overvalued as it behaves like a risk asset still.
I remember when BTC were $40 each. I had 2 and I sold when they got to $500. I wish I hadn't.
Human psychology is undefeated. Those that understand will take advantage of this price … or 70k or 60k doesn’t matter 1 BTC is 1 BTC
i guess we wont see stable BTC sideways trading until there is crazy consolidation or until we get close to exhaustion (practical) of BTC itself.
Volume hasn't exceeded $70b every day this year, not according to Coinmarketcap or Coingecko at least. But again, that would not be sufficient to prove whatever point you're trying to make. I thought Tether truthers had gone extinct but apparently y'all were just hibernating. You could have at least worked on building a more compelling case while you were waiting for a big market move to blame on Tether. BTC up -> Tether's fault. BTC down -> Tether's fault. BTC sideways -> believe it or not, Tether's fault.
Jesus Christ I’m gonna sell my BTC
wait what? I didn't know this. You got a source? So when we retire, we can convert IBIT to BTC?
In the early days, losing your keys or your wallet was pretty common. Bitcoin was sub $100 for a time, and people cared less about their “three or four BTC”. Exchanges weren’t as sophisticated or regulated. Plus people die, they don’t share this info with their family, that’s surely a material %. I’m just guessing, but I’d speculate that like 10-20% of crypto will never “found”.
Russia is running out of ways to buy BTC to secretly exchange for goods that otherwise would be subject to sanctions.
I’m holding my little over 1 BTC. Fuck it either we all go broke or escape the matrix
>Even if you had a survey of traders to substantiate this claim There's this thing called "statistics". Look at the daily volume of BTC traded and then explain to me how it exceeds $70b at every instant of every day for the past year. Now, look at the top volumes exchanges, guess what, you've never heard of those exchanges and they're often excluded from stats because the volume is so incredible. Or, don't do anything and keep your head under the sand.
If it's not a dip, then what is it? If you zoom out to the all-time BTC chart you will see only dips and pumps. There is nothing else.
I won’t consider putting in a single dime until BTC breaks below $60K. I started selling off a percentage when ETH was at $4.2K and BTC at $115K a few weeks ago. This was when it bounced up. Why? One reason was because cryptosrus said we would have a huge rally. As you know, he’s always wrong like Kramer is wrong about stocks.
Good luck sending 0.000000000000000000000001 BTC, you cant. Even if you could, thats the same logic as saying pizza is infinite cause you can make thinner and thinner slices.
This looks like a Coinbase Bitcoin backed loan. I needed a different vehicle for winter and used it to pay for an SUV. During this last dip I got a liquidation message, but was lucky enough to be able to transfer more BTC from another wallet in time to add collateral to my loan. I'm good now to $65K but if it continues to drop I have more available. If you take out a loan, make sure you have plenty of funds to cover in case something bad happens. Best of luck
People are using USDT to trade the USD-BTC-pair, so what? It makes total sense
Tell me you don't know that 98% of BTC trading volume is for USDT without telling me you don't know that 98% of BTC trading volume is for USDT
Seems to me you understand BTC better than 99% of people!
"Most traders know that USDT wash trading has kept BTC price up for years. " Even if you had a survey of traders to substantiate this claim, that doesn't mean anything. Do traders have some special information that the rest of us don't have access to? Tether FUD gets trotted out periodically yet it remains completely theoretical and IMO is completely false. Yet you present it as fact here. First mistake. "ETFs other than MSTR are holding their prices." Huh? Are you talking about bitcoin ETFs? They're gotten crushed alongside the bitcoin price, exactly as expected and as designed. Also MSTR is not an ETF. You're grasping at straws here and making no sense.
\> has no idea what wash trading it \> regurgitates BTC Maxi talking points \> has no problem arrogantly copypasting his hubris okthxbye
Can you tell us how to see a market bottom? Because it's easy in hindsight... speaking of which - was this right now the bottom for BTC?
Someone who is a Nobel Laureate and works with mathematical models of economics should at least read the BTC whitepaper before commenting. But Oh No! Reading the whitepaper and adjusting the broken fiat model will break down everything the person believes in!
Not BTC, I am referring to their other investments.
You’re a top 1% poster and you don’t know there are more alternative assets to BTC than fiat? Mental.
Get a BTC chart and look at peaks and how long it takes to recover those peaks after a decline.
I've heard that the cost to mine 1BTC is a relatively good indicator of inherent value. Right now, that would be about $84k per coin, which would be interesting if Bitcoin bounced here and stopped it's descent.
Bitcoin has a limited supply. But there’s an infinite number of crypto currency in the world. So, there isn’t really a limit to crypto. Which is a problem that undercuts the premise of every crypto currency, BTC included.
I'm in Switzerland, and with 15 BTC, I could bribe DT with 15 BTC so that I can continue selling chocolate to the US...
BTC are for dreamers to become rich
You are young, do not stress about anything. Just live your life, save whatever you can and keep buying BTC without looking at news and charts. Of course, all this if you have already studied BTC and have conviction in it.
Nothing, I hold roundabout 1.5 BTC and I dont care about the drop. Hope it drops to 70K so i can buy more!
A lot of good advice here and some not so serious. Looking at the BTC history it is still very volatile with huge swings up and down. Given the previous crashes BTC always came back and is probably the only bitcoin people have faith in. Alt coins as well as BTC is down. So keep your BTC investment (if any) and move your alt coins to BTC. If you have time and don’t need the money simply wait for the next bull run. Could be months or a couple of years. Something to consider
My advice? Sell. I was in your shoes in 2017/2021, I decided to "HODL" because of bad advice on sites like these... and it was the worst decision ever. The bags kept getting heavier, the losses higher. Many alts never recovered, are basically dead now. I would rather have had 50% of my value (or whatever), than what it's worth now. Even after 2 cycles (8 years) with 2 new BTC ATHs, coins that are -90%. Alts are absolute SHIT to hodl. And even BTC... if you sell now, you can buy back in cheaper in the next year or so and you'll end up with more BTC than you have now. I know it really, really hurts to sell at a loss, but the "sunk cost fallacy" is REAL. It's so psychologically blinding that it makes you make bad decisions. So let's say you bought .1 BTC for 10k and now its worth 7k. You don't want to sell, because you lose 3k. Well, the question is: would you buy that same .1 BTC right now for 7k (thinking it's a good or bad deal/time to buy)? If you wouldn't buy, then it means you should sell.
I felt like it’s just another day in holding BTC
It’s the same thing tho, if you can divide a single coin infinitely. 1 BTC, 0.1 BTC, 0.01 BTC…. 0.000000000000000000000001 BTC
Exactly this! Old economics has had a harsh wake up call with the arrival of BTC.
Im still holding 100% im in the red, and it'll probably get worse. But I'm DCA'n all the way down. I dont buy the "crypto is dead forever" hoopla. I've been collecting bitcoin for years, and if i take out on a downtrend d, it always reverses on me immediately. My bags have shrunk from chasing dips many times so I just accumulate. Im currently holding BTC, SOL, and ETH and I'll just collect more with these black friday prices
Blackrock's like "All of your BTC are belong to us!"
It will go down much lower. There might be a dead cat bounce in between, but we are going to see 50-70k BTC in the next year.
At least BTC and prob ETH will recover. The rest will all fade and some new coins will take their place