BTC

navetzz

ETH does what BTC does but more violently (goes up harder and goes down harder). However, ETH is also stuck between 1k and 5k while BTC overall goes up. To me ETH is just a buy low sell high kind of investment.

SmellyCummies

Nothing yet. I won't spend any of it until I truly need something that its out if my financial grasp. I've come close to spending some on a car. But I decided not to. Thank God I did because that car would have been around 4.5 BTC at the time. It would have eaten away at me knowing that I should have just HODLed

Interesting-Ad4163

I paid 2 BTC for some substandard stuff on the dark web. It was worth 700 cash at the time.

papa_autist

Unfortunately BTC is non-marginable on robinhood. They only support traditional regulation-T margin, stocks and ETFs are eligible. OP could sell the BTC and then buy an ETF but that would incur cap gains tax costs reducing the borrowable amount and defeating the purpose of the getting the loan.

Ammused-Muffin-6942

Just let it appreciate in value and liquidate when I’m ready to buy a sailboat. I also thought about using BTC as collateral to borrow USDC and use USDC to reinvest into ONyc and profit from the spread but I’m concerned about lending out my BTC.

mossyskeleton

3 BTC worth of party supplies.

Ok_Wrap5233

At this point if you’re investing a substantial amount and unless you’re transacting in BTC there’s no reason not to just buy an ETF through a legitimate broker. Could also help shield profits from capital gains tax in some places.

summitcreature

Does your dad pay rent in BTC? Congrats!

Dangerous-Two-280

Fidelity seems like a solid choice. I’ve been keeping an eye on my own investments too. What's your strategy for BTC?

Omniwatch

War cost money… so they print and BTC moon?

WorryDesigner8152

0.75 BTC for a laptop that died after 6 months is a double tragedy 😭

Ammused-Muffin-6942

Can consider doing the wheel method for IBIT. All premiums are just reinvested into actually BTC. I did the wheel method against SPY and reinvested into BTC. Now I just hold SPY and just sell covered calls.

Ashhh1991

Here's what I did. I sold all my individual stocks and am only invested in BTC and SPYM (SP500). Allocation depends on what you're comfortable with. You can do 50/50, or 80/20, or w/e.

NoTemperature3502

Thanks, that makes sense — looking at it as a percentage rather than a fixed amount is a better way to think about it. For context on my profile: I'm 22, long-term investor (10-20 year horizon), moderate-to-growth risk tolerance. My portfolio is mostly a core of global index ETFs with a few individual conviction stocks, and Bitcoin is a small satellite position. I'm comfortable with volatility but I'm not trying to go all-in on one asset — I've already held this BTC position through a long stretch in the red before it recovered, so I know how the swings feel. Given that, where would you put the percentage for someone like me?

oneawesomewave

No, declaration means anything at all. You'd need to prove you are able to withhold 51% attacks. Crypto like BTC and ETH are powerhouses in terms of hashpower.

Natalie_Fault3286

Interesting strategy. I like that you are being intentional about managing risk and not simply selling calls blindly. Using covered calls and cash-secured puts can definitely generate additional income, especially in a sideways or slightly bearish market. That being said, I think the biggest risk with running a wheel strategy on Bitcoin exposure is exactly what you mentioned — opportunity cost. Bitcoin is one of the few assets where large upside moves can happen very quickly, and repeatedly selling covered calls may cause you to underperform a simple buy-and-hold strategy during a strong bull market. I also like that you keep a separate BTC position that you never trade. Personally, I think that is an important distinction: having a long-term core position while using a smaller portion for income strategies. One thing I would watch closely is position sizing. Options can create a false sense of security because the premium feels like consistent income, but a single large move in BTC can erase many weeks or months of collected premiums. For someone who understands options and is disciplined, this can be a reasonable strategy. But for most long-term Bitcoin investors, simply holding a core position and avoiding unnecessary complexity may still be the better risk-adjusted approach. Curious to see how this performs over a full market cycle, especially during a strong BTC breakout.

crimeo

> Do you mean the smart contracts that get hacked about once per week? I'm not aware of ANY of the major ETH staking pools that have been hacked. Lido Finance, Rocket Pool, StakeWise, etc all have never been hacked and have multiple auditors > You're trusting the contract to allow you to get your coins back at a future date. Having confidence in open source, heavily audited code (and you can audit it yourself too) is not "trust". Trust means having some sort of blind risk or belief without evidence. Open available code has zero trust required. Or even if you do define trust that way yourself to include open source code, then guess what bucko? BTC requires "Trust" then too, by the exact same token that it's open source code that you need to believe works securely. > You absolutely do NOT have full custody when you put your ETH into one of these contracts. Entering into a contract is non-custodial. You do not give up keys, nobody else has control over your tokens except in the ways explicitly outlined in the contract, which you're fine with, since you looked at it and agreed. And these contracts do not allow anyone to go do a 51% attack or blah blah. > Got it, you're worried about a hypothetical future. A guaranteed future by basic laws of supply and demand shown to work for hundreds of years. If a coin doesn't do halvings, then it's a bit more unsure, but with halvings like bitcoin, it's blatantly obvious and guaranteed. > Energy could be purchase in Kazakhstan for pennies of what they're paying in USA, so clearly this is not about energy cost The profit margin just isn't slim enough yet. With more halvings, it is guaranteed to get slimmer, at which point you MUST go to kazakhstan at some point to literally even be able to mine without taking a loss. E.g. if the energy price difference is 4 cents per kwh between the two places, and the margin on mining is only 3 cents per kwh spent mining, then mining in the place that's 4 cents more expensive becomes impossible. Not "non preferable", *impossible*, as you would lose at least 1 cent per kwh not make any profit at all. > Yes mining gives you influence over consensus, but buying a PoW coin does NOT. So what? Again, the equivalent to staked coins is ASICs. Talking about owning PoW coins is simply off topic and has nothing to do with anything I'm saying. Who cares?

NoTemperature3502

In my portfolio, which %% should be invested in BTC and which in the rest? I really appreciate your opinion

polymath_uk_

$218k - $280k by 2030 for BTC. 

hpaynecrypto

Disclosure up front: I’m a Casa employee, so factor in my bias appropriately with this answer. I won’t pretend there aren’t other multisig providers out there (or that you can’t DIY this in Sparrow), but Casa is what I know best, so that’s what I’ll speak to. I personally use a 2-of-3 with my ledger, my phone, and the Casa Recovery Key, plus a 3-of-5 with two Ledgers, a Yubikey, my phone, and the Casa Recovery Key. Both have been running smoothly since I got started at Casa. It sounds like I was sorta like you in that I had been doing a single-sig ledger(s) setup for most of my crypto-lifetime since 2016; don't know if it was luck or me just being too silly to get hacked/compromised but thankfully I have avoided disaster (so far). Every client at Casa has a different setup, what works for one person, might not work for another. The common thread is multisig and the security habits that come with it. To paraphrase Benjamin Franklin: apologies in advance for the long-winded thread, I didn't have time to write a short one. First and foremost, I think its important to tackle Multisig vs. single-sig + passphrase (it sounds like you already are deciding/decided on multisig, but its still definitely worth highlighting some of the pitfalls of passphrase + single-sig). At Casa we emphasize multi-vendor multisig. Keys from different manufacturers mean you aren’t relying on one company’s entropy or firmware, and one bad key can’t move your funds by itself. A passphrase can work **if you treat it like a second seed phrase**, but IMO I’ve seen passphrases lock more people out than they’ve saved. A good analogy for a passphrase single-sig is basically a 2 of 2 multisig (which is super nuts to do if you think about it; one misplaced key or disaster with the passphrase and its all gone). I wrote an article the other week here on this comparison exactly (so I will save myself some words here) => [https://blog.casa.io/is-one-hardware-wallet-enough/](https://blog.casa.io/is-one-hardware-wallet-enough/) You can test a 2-of-3 multisig with Casa free for 30 days using a hardware device you already own (like a ledger) plus your mobile phone. One cool thing to callout here is during the ColdCard incident a couple months back, we had some clients that had a multisig that was entirely ColdCard wallets and no client funds were lost. All those clients did was rotate their compromised keys out while rotating in a new vendor. **How the collaborative part works for a 2 of 3:** Day to day, you sign with your phone key plus a hardware key. Casa holds one key, the Casa Key, as a backup if you lose one of yours or are on the go and need a 2nd signature. It can’t move funds by itself, and it only signs when you request it, after security checks and a waiting period. **Sparrow vs. Electrum:** One of my big selling points to come work for Casa was the idea of sovereign recovery where you can load your multisig vault into either as a watch-only wallet whenever you want. If Casa ever disappeared, you can rebuild the wallet and move your funds in Sparrow or Electrum without touching Casa software. (put some links below to read more) **Geographic distribution:** Regardless of where you go for multisig/your setup, the rule of thumb is to never keep enough keys to move funds in one place (and to generally be mindful of single points of failure, which can exist at different places in your setup). A common split is a home, your office, and a bank or private safe-deposit box. If a key is ever lost or compromised or lost, you rotate it out in the app, which creates a new vault and moves your funds over. A bank is particularly useful because if you are ever marched down to the bank involuntarily, there is probably no better place to be than a bank to grab a key and alert someone (armed guards, cameras, etc). **Inheritance:** To answer your question here quickly, Casa Inheritance is included with every paid membership. Your recipient gets a free account and requests access if something happens to you. I was on a client call this week and one of the things that the client really loved was that they could set up multiple inheritance recipients for their different vaults. So they had one recipient for their 3-key and a different one for their 5-key. Another important thing here that was REALLY important for me when I started working here was the fact this is all no-KYC. I personally pay in BTC, use a proton gibberish email, and got my vault set up that way. Additionally, for inheritance, your inheritors do not need to provide documentation either which is a big plus. (will link more about inheritance at the bottom) For me, the biggest advantage of using a service like Casa is that you can get on a call with someone on our team when you’re stuck, need help, or just reassurance. Last bit, I know you mentioned having a small amount of BTC to spend, one of the things that comes inside the Casa app (not to sound like a total shill, but I literally can speak to this option the best) is the Casa Pay key. Its a hot wallet (single sig) that you can use for everyday transactions/etc. read more about the pay key here: [https://support.casa.io/knowledge/casa-pay](https://support.casa.io/knowledge/casa-pay) If you want to do your own research, here’s where I’d personally start: * The Casa blog (lots of good nuggets here imo) => [https://blog.casa.io/](https://blog.casa.io/) * Multi-location key storage: [https://docs.casa.io/wealth-security-protocol/chosen-features/multi-location](https://docs.casa.io/wealth-security-protocol/chosen-features/multi-location) * Moving keys safely: [https://support.casa.io/knowledge/moving-to-a-new-home-and-your-casa-keys](https://support.casa.io/knowledge/moving-to-a-new-home-and-your-casa-keys) * Replacing a lost or compromised key: [https://support.casa.io/knowledge/key-rotation-replacing-a-key-in-the-casa-app](https://support.casa.io/knowledge/key-rotation-replacing-a-key-in-the-casa-app) * Sovereign Recovery with Sparrow: [https://support.casa.io/knowledge/sovereign-recovery-with-sparrow-wallet](https://support.casa.io/knowledge/sovereign-recovery-with-sparrow-wallet) * Sovereign Recovery with Electrum: [https://support.casa.io/knowledge/sovereign-recovery-for-bitcoin-vaults](https://support.casa.io/knowledge/sovereign-recovery-for-bitcoin-vaults) * Inheritance: [https://casa.io/inheritance](https://casa.io/inheritance) * My piece on entropy and multi-vendor key generation: [https://blog.casa.io/what-is-entropy-a-plain-language-guide-to-how-your-bitcoin-keys-get-made/](https://blog.casa.io/what-is-entropy-a-plain-language-guide-to-how-your-bitcoin-keys-get-made/) Hope that helps, and good luck with the migration. If there is anything I can elaborate on, just lmk and I will do my best to get back to you.

Queasy-Ride4291

You are and will continue to do so. Your rent/mortgage doesn’t take BTC. Your utilities don’t take BTC, your car doesn’t run on BTC. Your local grocery chain doesn’t have a lightning wallet. 

seckkesketch

0.1 BTC worth 0.1 BTC

Zestyclose-Dish-407

You can’t spend BTC. That’s one of the problems.

skydiveguy

I bought a Ledger from them with BTC, back when BTC was supposed to be a payment system and not a store of value.... BTC was worth about $1000 back then.... that was the most expensive Ledger ever sold.

Wu-Kang

It’s just marketing to get you to make Cash App your goto BTC app. Then they make money on the spread and fees when you buy.

jasonslpt

Prima di vendere controlla se puoi ancora scaricare lo storico ordini da Binance. Anche senza le ricevute originali, l'export delle transazioni con data e prezzo di acquisto spesso basta per dimostrare il costo medio, e cosi paghi la tassa solo sulla plusvalenza invece che sul totale. Se ETH e ancora su Binance, conviene fare lo scambio ETH/BTC li e spostare direttamente BTC. Vale la pena chiedere a un commercialista prima di muovere tutto. Non e un consiglio finanziario.

wetokebitcoins

next goal.... 0.21 BTC..... GO!

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NeatBuilder6201

you already know 1 "satoshi" is = 0.00000001 so in your example 0.000001 = 100 sats, which i'm saying we now call 100 bitcoin. we just stop calling them "sats", and instead, call them bitcoin. nobody wants to learn what a satoshi is. and they don't want to work their ass of and earn 0.00001 BTC.

Narrow_Office_656

This is funny until you imagine actually losing access to that much BTC. Self custody gives you control but the responsibility for backups and recovery is very real. I use Moon for directional Bitcoin wagers, which doesn't give me custody of actual BTC, so it's a different kind of exposure with its own risks.

No-Cauliflower6732

Everyone loves the idea of buying fear until the market actually looks terrible and suddenly nobody wants to touch it. That's why having a plan beforehand matters more than trying to call the perfect bottom. I use Moon for BTC price speculation sometimes but accumulating actual Bitcoin during drawdowns is a completely different approach.

NeatBuilder6201

no. Cashapp founder. not sure if you're trolling or what. Cashapp doesn't even use the word satoshi anywhere... you can already buy 1200 bitcoin on cashapp for 1$ (i know it's only 0.00001200 BTC)

NeatBuilder6201

that's been the standard... but the reality is the average person on earth is only going to end up with 0.00027355 BTC (a number that makes zero sense to anyone). it's realyl simple... we just call it 27,355 bitcoin and then everyone has numbers they can understand - and then we can get over the scarcity mindset that comes with working your ass off and only having 0.0001 of something.

Fearless-Sherbert-40

Spending your bitcoin is great way to prove to yourself how important this asset is. I needed a new phone back in August of 2023. I bought a pixel 6a for .01 BTC, today that phone would be worth about $900.

NeatBuilder6201

they will say they own 100 bitcoin if they have 0.000001 BTC.

asahmed7

both options have their inherent risks. I was a victim of losing my BTC on Voyager when they went bankrupt. It wasnt a large amount but it was still a decent amount that was painful to lose. The other side of the coin is self-custody and with the many hw wallets out there. Eventually a device will become end of life or unsupported from a software firmware standpoint and the manufacturer will push its successor or other new product. This is one of the things that I have now had to worry about and debated the best long term approach. I think self-custody is better but will require perpetual management and due diligence on ongoing news of updates, vulnerabilities and the eventual migration to the next platform as things become obsolete. I do worry about losing funds if having to transfer them from one wallet to the next if I cannot restore the wallet to a new device each time easily/seamlessly. This will likely be an area that will get attacked/exploited heavily in the future. There really isn't a perfect solution. You have to decide what option with the risks and ongoing activities is best for you.

veyrnox

Self-custody is not automatically the safest arrangement for every person. It replaces counterparty risk with personal operational risk. An exchange can introduce withdrawal checks and delays, but it also controls the account and creates exposure to freezes, insolvency, breaches and policy decisions. Self-custody removes that dependency, but mistakes such as exposing the recovery phrase or sending to the wrong address can be irreversible. A practical approach is to separate the risks: 1. Keep long-term BTC in a wallet that is not used for routine payments or unfamiliar services. 2. Maintain a smaller spending wallet for regular activity. 3. Verify the destination and amount independently before signing. 4. Use a small test transaction before a large transfer. 5. Keep recovery material offline in independent locations and rehearse recovery with an empty wallet. 6. Consider imposing your own delay for unusually large transfers rather than acting under urgency. The safest model depends on whether someone is more capable of managing keys and recovery securely or evaluating and accepting a custodian’s risks. Self-custody provides control, but that control comes with responsibilities that should be understood before significant funds are moved.

Blade_Runner_69

I don't mind a bit of banter, but what the fuck has this got to do with BTC 🤨

IAmSixNine

Math aint mathing. You say, Right now, anyone can buy over 1000 bitcoin for 1 dollar. No. If 1 bitcoin is going for $82K how can 1000 be purchased for 1 dollar. 1 Bitcoin (BTC) = 100,000,000 satoshis (sats) Same reason we have quarters and dimes and nickels. For those times when you need something that is less than a dollar you use pennies, nickels, dimes, quarters, half dollars.

comp21

So is another country currency that's backed by the economy of that country... If it's only spendable in that country what's it matter? The rules of BTC give it global value. Sure, a country back version of btc would give it more value than their old fiat version but it wouldn't give it more value than the globally accepted version pf BTC.

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sleepwelltonite

Yes they can. And government would have even stronger network effects as they can pass laws allowing the coin to be used as legal tender. To those saying the above is just like fiat that can be debased as government will launch BTC 2.0,3,0, that wouldn’t happen if that government also assigns 10% of their coin to their central bank at the point of inception. This gives them the strongest incentive to ensure the coin remains scarce as long as that government isn’t Venezuela.

Queasy-Ride4291

And he was chastised for actually spending BTC, and beats himself up to this very day. 

Queasy-Ride4291

It’s not an opinion, it’s a fact. It’s simple math. BTC can process a SINGLE transaction PER YEAR for 2% of the world population. Thats it. 

Queasy-Ride4291

Crazy considering BTC hasn’t even beat inflation in over half a decade. 

Ammused-Muffin-6942

Yes, after my wedding I liquidated all my Bitcoin and Ethereum positions and reinvested into equities. I sleep better without thinking about protocol exploits, depegs, and cold and hot wallet hacks. BTC and ETH were my satellite investments , not the core.

WickedDeity

Crypto or Bitcoin? Bitcoin has been going up the last couple of months. I am still up since started buying BTC. It's not my only "investment" so no need to be worried. What is stressing me is the US debt and spending situation, looming recession, and an unhinged President. Kids to if I had them.

vcaldeira

1. The global network of BTC is as important as the coded protocol. A government-implemented national network will never have a similar decentralization level. 2. Will the future code changes be community controlled or government controlled? That changes all.

ncsakira

Governments don't want limites supply they need always more money to pay salaries. Deflationary currency is bad for the economy. Basically no one uses BTC because bad money drives out good money. Is the same people spend copper coins and board gold ones , in this case fiat are the bad currency you need to get rid of and thus use for transaction usdt...

educatedstoppage5374

The difference between holding Bitcoin and actively trading its volatility gets overlooked constantly. One requires conviction and patience, the other requires a repeatable edge and strict risk controls. BTC markets on Moon are built around directional price wagers rather than accumulating coins, so the two approaches really shouldn't be evaluated the same way.

One-Equivalent7184

Weekend BTC moves can look dramatic until you compare the liquidity with normal weekday sessions. I'd be careful treating every breakout as confirmation of a bigger trend. That gets even more important with leveraged wagers like those available through Moon, since getting the general direction right doesn't help much if the position gets liquidated first.

fearlessearnings2866

A new month always brings another wave of BTC price targets, but I think watching actual liquidity and how the market reacts to news is more useful than guessing exact numbers. Moon offers wagers on Bitcoin's price movements too, although predicting a short-term candle is very different from having conviction in BTC over several years.

__redruM

Yes. Back when I did day trade though, stop losses always triggered on dips that recovered before I noticed the stop loss had executed. So when I bought back in, I had sold low and bought high. If you’re trading on leverage, maybe stop loss orders are unavoidable. But for me I could just sit on a position for a couple days or weeks until it was positive again. That’s still mostly true for BTC, but I wouldn’t trust that approach for other less popular coins.

Ok-Yesterday1384

One thing Bitcoin keeps showing is how quickly sentiment changes while the long-term supply story stays basically the same. Short-term traders and long-term holders are really playing different games. Moon's BTC price wagering falls firmly into the former category, which is worth remembering when people start mixing trading predictions with accumulation plans.

Nice_Material_2436

I think it's already there but it's impossible to confirm that with at least a next ATH and a low I'd say. Hard to say when the spirit breaks and enough people finally start realizing BTC is never again going to perform like it used to.

Nervous-Jicama8202

So you're already sitting on a pretty substantial profit, and your main concern now isn't really avoiding a loss, but protecting those gains without selling too early. I imagine that's a very different situation psychologically compared to someone who bought BTC at today's prices.

imLusky

Ahah, I'm not trying to convince anyone I'm a BTC holder! But is just something that I keep thinking about!

Party_Treacle_9440

good luck convincing the existing BTC owners to switch to it (game theory 1on1)

EthanDavis63

0.01 BTC is 1,000,000 Sats. Technically, you ARE a millionaire.

Awkward_Potential_

If money is not a good store of long term value, a better money will be. Game out what you're saying here. If dollars leak value then no one should be holding dollars. If Bitcoin is only held by people as a long term store of value,then inevitably someday more value will be stored in Bitcoin than dollars. Eventually no one will want the dollar at all, if that's correct. When more value is stored in BTC than dollars, which is the world reserve currency?

Impossible-Trash60

I'd keep the schedule boring and consistent rather than changing contributions every time sentiment flips bullish or bearish. The temptation to constantly optimize entries can defeat the whole purpose of DCA. With Moon's leveraged BTC wagers, timing and liquidation are major factors, which is a very different proposition from simple accumulation.

JimmySki6166

Every day, every hour is good to purchase BTC!

MerkleChainsaw

How long does BTC need to underperform before you think it "stops going parabolic and increases at the pace of every other financial asset"? I'm genuinely curious - not a rhetorical question. BTC has underperformed US equities on a five year horizon, though it's a bit of an unfair timeframe because BTC was coming off a local high five years ago. Would eight years of underperformance (two four year cycles) be enough?

BuyIndependent2319

Great, now your 0.2% of your way to the 50 BTC I have stored in my brain

iSnapThere4iAm

You have zero clue how any of this works. Especially the BTC network if you had to worry about how things will keep working when the last coin is minted. Seriously serious ignorant. Go read some books

viachart_app

Congrats on hitting 0.1 BTC! 🎉 That's a huge milestone. Now the real game begins: risk management and holding through the volatility. Just keep stacking and don't let short-term price action shake you out. 🚀

ChiefMetcalfe

I mean yeah 0.01 BTC is almost 1000 bucks nothing to sneeze at

__redruM

Usually just wing it. I’m not a swing or day trader. I hold for years, so I’m well above my entry level at the stop price. I have a couple orders waiting at 81,050 and 80,500 on BTC that I bought under 20k. I want to catch the October uptick, but not sell too early. If BTC gets above 85k, I’ll move them up to 83k and 83.5k

Blueberry_Dependent

How many times I've seen this question.. Wish they gave me 1BTC for each time someone asks about that 

Exceedingly

That's like saying BTCL is the same as BTC

WolfBob808

I took 50% of my portfolio and allocated thirds to STRC, STRD and STRF. Collecting my dividends regardless of price of BTC. Will get back into the asset after all the market volatility caused by the war and interest rates. Give it a try.

crazybird-thereal

Just the IA picture, tell’s me to not read this bull shit... Why you dont spend your BTC ¯\\\_(ツ)\_/¯ ? I dont know, why you dont spend money you spare yesterday on your 2 % by years saving account ¯\\\_(ツ)\_/¯ ?

Least-Dingo-2310

The market cap isnt even at 2T and i know people that think BTC is too expensive because its at 80k. "80000 is a big number. has to be a bubble."

Vvandenburg

Ich kaufe nur BTC, aber verkaufe nicht. Die Steuerfreiheit nach einem Jahr Haltefrist gibt es für einge vielleicht noch, aber dass wird dann wohl auch für alle abgeschafft. Sammle deine BTC bis zum Alter und ziehe dann in ein steuerfreundliches Land zum Leben. Wenn DE auch das einschränkt, zb durch Besteuerung von nicht-realisierten Gewinnen, fängt mein Alter per sofort an.

BitcoinMike6077

Completely normal behavior. Bitcoin is inevitably hitting $1 million so ignore the charts and buy BTC if u believe it is the future 👑

BitcoinMike6077

0.01 might not seem like a lot now but so did 0.1 back in 2020. Remember that even now BTC is still very unknown to a lot of people so owning even a little means more than you think!

Lefties_TheWorst7331

My guy BTC traded above $86K for like 24-36 hours over the past one month.. it bounced around $84K give/take slightly for the majority of it.. it's now $82K.. lol?

Antique-Land-2766

Because you can't actually "spend" BTC in any meaningful way. The adoption at the retail level is basically non-existent, you can't buy anything with it in any brick and mortar business, pay utilities etc. It's almost completely non-liquid to retail users. To do literally anything useful it has to be converted to USD first and then you're dealing with an extra taxable event on top of taking a hit from transaction fees and exchange rates

on_hype

ETH/BTC ratio is near multi-year lows. Historically, that is a mean-reversion setup, not a sell signal.

chainglance_cm

One thing in ETH’s favor that people overlook: you can earn staking yield on it, and some ETH ETFs have started passing that through. So you get paid a bit to sit through the extra volatility, which BTC holders don’t get. It doesn’t erase the risk, but it does shrink the gap.

chainglance_cm

Yeah, BTC’s sitting around $85k right now, so it’s actually down from this time last year. OP probably bought earlier than they remember, or got in sometime in 2024 when it was in the $40-60k range.

chainglance_cm

Honestly they’re just different bets. BTC is the digital gold play, and ETH is more of a bet that stuff like stablecoins and tokenized assets keeps running through Ethereum. So I’d ask yourself if your reason for buying ETH has actually changed, or if it just stings seeing it next to BTC’s 2x. Dumping whatever lagged to chase last year’s winner is how a lot of people end up buying high and selling low.

Ok_Menu_1675

Sorry, english ain’t my mother tongue so I might have misled people in the way I said that. I meant it should be “decentralized blockchain and currency” in singular because there is only one truly decentralized currency- BTC.

Backrus

Think about it, Tom Lee has bought 5% of supply and price barely moved. Without him, it's sub $1000 token. Nothing more than a premine which doesn't know what exactly it is. If you wanna gamba, just go BTC/HYPE, work out ratios, but last time I check it was something like 90/10 split. You can buy HYPE etf, and cashflow is quite easy to plug into tradfi models. Hyperliquid got integrated into Bloomberg Terminal recently, it's the defacto crypto killer app (and the only real world use case aka trading).

janjaas

After years of holding both BTC and ETH, I've sold ETH for BTC only.

Ok_Promotion_5940

Great timing 57 was basically the BTC BOTTOM

PuzzleheadedHuman

Because nobody owns a ticker. There is no registry: every exchange and data site assigns its own symbol, and anyone can deploy a token with any name and ticker in about a minute. To put numbers on it, the coin list I work on at Coinpaprika has about 12,400 active coins sharing roughly 10,000 tickers. About 1,450 tickers are used by more than one coin, which covers around 3,800 coins, close to 1 in 3. PEPE alone belongs to 18 different coins, and even BTC to 9. Quantus is a live example. Searching DEX data for the name right now turns up 10 different tokens called Quantus or Quantus Network across six chains, under at least four tickers (QTC, QUAN, QUANTUS, and one that literally uses "Quantus" as its ticker). Most have next to no trading. At most one of them can be the project's own. What actually identifies a coin is the chain plus the contract address, or, if it runs its own blockchain, the project's official docs saying where it trades. So: 1. Get the address or native-chain info from the project's own site or official account, never from a search result or a reply. 2. Match that address on the exchange or tracker you use, and ignore the ticker entirely. 3. If a "Quantus" token exists on a chain the project never mentions, treat it as unrelated until they say otherwise.

audit-content-user

Not as lump sum, let’s say you do have $5000 and wish to invest to $BTC, just divide so you be able to buy 4 times a month over period of 12 months

cryptic-chick

You’re doing exactly what you’re accusing me of doing, though. You assumed my motivation, told me to sell and move on, and now you’re using that assumption to discredit my argument. My asking for opinions on short-term price movements doesn’t mean I don’t understand Bitcoin, nor does it mean I’m going to do what everyone says here. I’m here to get perspective and you’re conflating two completely different things. My point was in response to YOUR claim that wanting to make more dollars out of BTC is missing the point. I disagree. I think most people are in it to make money, and I find the sovereignty argument conveniently invoked to justify speculation a lot of the time. You can disagree with that without making assumptions about what I understand or why I’m here.

bongosformongos

Neither did you. The adress you shared holds over 9BTC. 99% user error.

Greedy_Rabbit_1741

Yes, the BTC Lobby, that wants people to be financially free.

quintavious_danilo

ETH is not a good store of value so it will never outpace BTC. I have held both for several years and BTC is now x3 while ETH stayed more or less the same value with massive swings up and down. I’ve moved everything into BTC now and am happy with the decision.

Official_Gulp

Someone bought 3 Vintage Pokemon Cards with BTC

tenor_tymir

What did you do? Sell BTC to rotate into alts for the alt-season that never came? Just curious what made you sell and how you were able to lose money despite BTC hitting a new ATH.

tenor_tymir

BTC will always stay “on-chain”, you’re giving away your keys though when you chose to let Sberbank handle custody.

JeremyLinForever

Depends on how much the currency debases. It’s pretty hard to think in monetary units, but think of what 1 BTC can buy you today (a nice luxury car) vs. 2030, when it can buy you a house. Even if it’s priced as $5m, so long as $5m can buy you a house then you know that the value rose tremendously, irrespective of the monetary dollar value.

PsychologicalBit803

Many in these subs simply don’t ever look at selling when it’s high and buying low. I trade daily. I have spot BTC I hold. If you want the profits sell it. Can just about guarantee after midterm elections it’s going to go lower if not before. We still have a pretty good pullback coming before we start back in a bull market. I personally don’t understand the buy and never sell mentality. Take profits and buy again when it’s lower. Build more.

JeremyLinForever

We are not speculating on the asset. We are speculating on the currency debasement and every other asset in relation to BTC.

tenor_tymir

I know it’s hard to do nothing but that’s the best advice anyone can give you regarding BTC. Find a low entry and then hold as if your life depended on it. Any tinkering is going to lose you money. We’ve been there, we’ve lost money and rebuilt by doing what mankind does best: **Nothing**.

cryptic-chick

And what are you buying BTC for? Bragging rights? If anyone here says they’re only in it for sovereignty, I call bullshit. Most people buying it want their money to multiply. They have different different risk appetites, but the end goal is making money. You can believe in the philosophy AND want to get rich. Just don’t pretend the profit motive isn’t part of the equation.