BTC

Cordomver

I would stick to BTC personally. But if you really want to, just take DOGE. Its the most main stream among the meme coins, and I guess the least risky while it offers similar upside in case somehow memes pick up steam again.

jongard

Meme coins are mostly dead. Stick to BTC.

gtwooh

I’ve lost the keys to my wallet and I can post the address here if anyone wants to burn BTC

crossoverXYZ

The longer I'm in this space the more I've converged on a boring strategy: heavy allocation to BTC and ETH, small allocation to things I've actually researched deeply (not just seen shilled), and never investing more than I'd genuinely be fine losing. The people I know who've done best over multiple cycles are the patient ones with strong conviction, not the ones constantly rotating into the newest narrative. Execution discipline beats intelligence in this market almost every time.

CrypToInvsTor

That's why You Buy Both BTC and Algorand is Quantum Proof. Thank me Later.

CryptoMemeEdu

The hardest lesson in crypto isn't about charts or tech — it's emotional discipline. Buying at the top and panic-selling at the bottom is probably the most expensive mistake you can make, and almost everyone does it at least once. What helped me: stop looking at USD value. Look at BTC/ETH ratios instead. If your stack grows in crypto terms, you're winning even when the dollar chart looks rough. Time in the market > timing the market, cliché as it is.

TheSturdyBear

You never know what’s going behind closed doors. But I thought it was fun to ask AI A few possibilities strike me as more likely than others: The coins weren’t actually worth $8.2M to the owner. If the wallet belonged to someone who lost part of the key, had a compromised setup, or was involved in some legal/estate situation, burning them could serve a purpose other than maximizing value. A cryptographic proof or statement. Bitcoin has a culture of “proof by burning.” Destroying coins proves you controlled them. It’s an expensive flex, but people have done smaller versions before. If the owner is extremely wealthy, 107 BTC may not be life-changing. Security or privacy reasons. Imagine someone from the early Bitcoin era who doesn’t want old wallets connected to them. Burning the coins creates a permanent, public record that they’re gone and can’t be seized, inherited, hacked, or claimed..

Longjumping-Link-455

Hmm in my experience it's really easy. What are all these steps? My experience send some BTC to my wallet, other person has a QR code and done.

blackjackn

Continuing to DCA into BTC ETFs is not a bad idea at all. Of course, look into self-custody. I have tax advantaged and fully taxable brokerage accounts with Fidelity holding IBIT, FBTC, and MSBT. No trading or management fees. Most of my Bitcoin is real Bitcoin in a multisig wallet but I wanted to have it in my tax advantaged accounts like you and some in a taxable account as a small hedge against my self custody. If and when I sell, I'll sell the etfs first for easy tax reporting. There's the ETF expense ratios that you mentioned to keep in mind but I find those negligible compared to how much I think BTC will appreciate on a 10-20 year time horizon. Id also look into MSBT, the new etf. It has the lowest expense ratio. But even with expense ratios, I think spreads and trading fees (if any) are lower when trading etfs versus trading Bitcoin on centralized exchanges. Perhaps that might make the expense ratios worth it but I havent really thought that out.

beambot

150 Bitcoin worth...? The OP mentioned a deposit worth 150 BTC. There's no way they're letting him transfer before settling such a massive sum

SpontaneousDream

It makes millions of dollars *every single day* and something like 97% of that money programatically buys spot Hype. It's the best tokenomics in crypto, by far. Also its the only coin making new ATHs against everything (BTC, ETH, USD, etc).

nsbhq

BTC is all that matters.

Lehcen

**Stick to the plan, mate. Same boat here: 2 BTC in registered, rest in cold storage. Accumulating hard until Oct 2026, then everything goes to XEQT. Hoping BTC hits 250k CAD post-halving so I can sell and dump it all into XEQT. Rinse and repeat. Good luck to us!**

wolfofone

Time in the market > timing the market. Just because BTC has performed certain ways in the past is no guarantee it will do the same in the future. Your doubts and mentioning the recent price drops also suggests that you may not have an asset allocation that allows you to sleep well at night. Develop a written investment policy statement based on Schwab's ethos of core and explore. The majority of your portfolio should be well diveraified index funds. A small percentage of BTC to tilt towards BTC since youre already getting some minor exposure from companies that hold it is fine. As for BTC ETFs I think it is a good way to expose yourself to BTC price and I would much rather you invest in an ETF at a reputable discount brokerage with SIPC coverage than buying and keeping coins on a BTC exchange especially when people seem to always find and use the sketchiest looking exchanges ever lol. If you get into BTC beyond the price appreciation I would say looking into self custody is the best idea but you need to be willing to do the work to do it correctly and protecting your BTC is then all on you with no safety net but also no expense ratios and management fees.

Original-Read-6475

Lol sure. It could barely even reach its 2021 cycle peak during the 2025 bull market. For 2029 I predict a cycle top value of ~$4900. Look at the ETH/BTC chart and then tell me this coin has any value.

ETNZ2021

I thought BTC was virtually unhackable?

ChangeYourFate_

Let’s see if BTC dom levels and if these moves continue we could be at the beginning of that one mythic thing 👀

Charming-Chloe

**Lmao nah, I don’t see tankers in the Strait of Hormuz asking for BTC anytime soon they still want cash, not crypto vibes.**

devCheckingIn

Nobody knows. We could have a wild bull run starting tomorrow or BTC could end up trading like gold and silver and need 30 years to reach ATH again. The only pattern that seems to hold is that the bull runs are weaker and weaker.

Obvious-Setting-2021

2.5 btc. I sold it all at 104k. I’m currently worth 2.5M. Real estate did it for me but BTC helped. 

Obvious-Setting-2021

Agree. I’m very diversified.  I own BTC. $MSTR. $STRC. $MARA. $IBIT. Very well diversified. 

Fro3en_Cornchip

BTC is literally doing what it’s always done. How is this unexpected? Stop trying to find an explanation for it, price doesn’t always follow narrative.

devCheckingIn

The Morgan Stanley BTC ETF *finally* recorded its first outflow today.

northcasewhite

In the FT article they said BTC was the Hormuz fee: [https://archive.is/FQTK0](https://archive.is/FQTK0)

Btcmot

I used Bitcoin to buy lunch at Steak n Shake. They are all set up and operating! I wish i coukd share a picture. I dont know how. They stamp the BTC on the burgers! Very nice

buzzyfairy

I DCA because I don't know how much further it will go down (and maybe it won't). You think I should instead lump sum when it reaches 50k? What if it never does? I DCA exactly to not time the market. The plan is to consistently DCA until BTC reaches 100k (or should I reduce that target amount? Unclear). Then DCA out when it has been 15 to 18 months after halving. Hopefully it reaches at least 200k, I am aiming to be out fully at 240k... As for the attribution of my portfolio, why 35-30% would be bad? As of today, about 50% is in SP500, 15% spreaded out in other ETFs.

ThreeTonChonker

If dummies didn’t sell low, smart people couldn’t buy low. If smart people didn’t sell high, dummies couldn’t buy high. The macro and meta around Bitcoin hasn’t changed. The quantum stuff is the same bullshit FUD we’ve been hearing for a decade. There’s no SBF con man actively ripping people off and destroying the market. The charts go up and the charts go down, just like any asset. The tough thing is understanding your own psychology enough to say, “The last time the market was up/down, I was worried it would never go back up or down. But of course it did.” At the end of the day, what matters most is setting up your life so you can hold an asset like BTC without being affected by bear markets or spending a single second of your life worrying about it all. One day it will go back up and then the next day it will go back down.

JarOfNightmares

> retired. I always laugh when I see crypto clowns claiming this; virtually every person in /r/cc is somehow magically retired. Nobody works here! I, on the other hand, am *actually* retired, and it's directly due to my horrific ignorance of crypto. I am so terrible with crypto that I cashed out my first set of bags during the 2021 run and bought my first home as a millennial. Then, I dumped my second set of bags when BTC hit 96k, and paid that house off and grabbed another one. The evidence is in my comment history, and in these celebratory documents I just received in the mail only a few days ago: * [Paid promissory note](https://imgur.com/a/Qv9RKDY) * [Deed of full reconveyance](https://imgur.com/a/5WWzR0L) I have been a member of this sub for a very long time; I watched all the Trumpanzee idiots flood in and get wrecked to shit, and I occasionally enjoy visiting to see if any of them have any regrets. I've met a lot of rock-bottom-stupid people here, but you definitely take the cake by tacitly arguing that the behavior of high-risk asset classes (and by extension, the stock market to which they're strongly correlated) have "nothing to do with Donald Trump." What a *fucking idiot*, LMAO.

markphillips401

Tangem for crypto. Tapsigners for BTC.

FrontLifeguard1962

Someone was going to get access to the BTC and they wanted to prevent.. maybe wife or government

omg_its_dan

Buying and holding almost always outperforms these overly complex strategies trying to time the market. You may be able to do it profitably but the large majority of people are better off with a simpler approach. Personally I would only ever buy the BTC ETF if it’s the only option (eg retirement). With post tax money I’d only ever buy the real thing and self custody.

Joe_Smith_Reddit

This is a huge problem in the face of the quantum computer threat. One of the strongest narratives around BTC has been its role as a long-term store of value. Now, that may become more uncertain. First, who wants to take the risk of millions of legacy BTC being released into the supply by a quantum computing actor? Second, will the unparalleled security (so far) of the network be matched by a new and — by necessity — less time-tested, quantum-resistant protocol? I think the BTC community should try to reach a consensus FAST. If something moves from Satoshi’s wallet before upgrades and consensus are reached, it will be a disaster. Even worse, the key point is that it doesn’t really matter when quantum computers with the required capabilities will appear. They will. Big money doesn’t like future uncertainty, even if it’s years or decades away.

No_Fortune_1176

Exactly this bc I hold BTC and spend USDT through Oobit. Dollar today dollar tomorrow and no taxable event worth worrying about on a dollar peg

BillNye69

Since May 2021, BTC and ETH in my port. No growth

Asleep_Emphasis69

that's actually pretty spicy...so many degen institutions that will load up on perps tied to BTC

krakensupport

The scepticism is well warranted - would expect nothing less 🫡 Bitcoin Vault is non-custodial. Your BTC sits in a self-custodial embedded wallet; we don't hold it! You can also export the wallet's private key at any time. Read more [here](https://support.kraken.com/articles/bitcoin-vault) if you're so inclined, and feel free to fire away with any questions. Dray from Kraken Support 🐙

krakensupport

The scepticism is well warranted - would expect nothing less 🫡 Bitcoin Vault is non-custodial and your BTC sits in a self-custodial embedded wallet **-** we don't hold it! You can also export the wallet's private key at any time. Read more [here](https://support.kraken.com/articles/bitcoin-vault) if you're so inclined, and feel free to fire away with any questions. Dray from Kraken Support 🐙

Aswan2000

Thanks for doing another AMA. * 1. Theoretically, additional channels (to new peers) scale the number of routes available through your node superliearly. I noticed that that seems toholds true for me in practice, but I wonder if you noticed diminishing returns at some point. I have a relatively large node myself with 100+ channels but nowhere near the capacity you have. * 2. You have mutiple channel of 1BTC+ size. Do those channels actually route large (i.e. 10M+) payments on a regular basis, or is this more of a buffer for many payments in case the route increases in attractiveness at any time? * 3. How do you evaluate new potential peers? How do decide on channel size to open? * 4. How do you know when to replace a channel with a larger sized one? Or do you prefer to open a 2nd channel instead? * 5. You said in another reply that you started using LNDg after 6 months. Do you still use LNDg for rebalancing? * 6. What do you think is the optimal interval for adjusting fees? * 7. How much of running a profitable/attractive node do you think is attributed to node age? I noticed that an older, less well maintained node of mine is still doing relatively well compared to my newer, better maintained, better connected node. * 8. How important do you think node reputation/route reputation is? I know it factors into LNDs mission control decisions, but I am not sure how impactful it is; i.e. do you think rebalancing at 0 margin is worth it to keep up reputation with other nodes? Basically, do you have and tips/strategies for increasing/maintaining reputation or if its even worth it?

platysnipper

It's a negative snowball - money is going to the AI trade so BTC goes down, then since it goes down while most of the rest of the market is going up folks start to lose faith and sell more.

KCConnor

This is atrocious. The same cloud of taint could be applied by me via a court decision, on Satoshi's million BTC wallet. Could be Satoshi planned to leave his coins dormant for an heir X years later, and the heir received access to the wallet at the appropriate time. But because I've now got a US court decision, that heir is obliged to fight for those funds, despite having cryptography on his side (and not on the plaintiff's!)... and WITHOUT the benefit of use of those funds to fund the fight.

2TJay

Do t do it.Sell 50 percent BTC /Eth Nasdaq done about 245 percent last 8 years but that included about 125 percent last 5 years. Interesting am I the bagholder

Affectionate_Use_179

It dips every 4 years around this time of the year til October. I will be moving my stable coins to BTC Oct 1st like I do every 4 years.

fan_of_hakiksexydays

You realize that only means more people buying derivative contracts instead of buying BTC. And perpetuals are not like regular futures. There are no actual sales or deliveries of the underlying.

Veganarchyst

NOTHING has beaten BTC growth You can follow the heard and take your profits and money out of BTC and dump it in regular financial things and dump it into some sh!tcoin ai gamble like everyone is But, as always happens, it's a scam and when the multiple bubbles burst, all the people will be left holding the bag and losing all their funds Since Bitcoin means nothing to you and you are only interesting in "price go up", it is almost guaranteed you will lose everything as you bounce around to find "the next best thing" because what you decided to invest in after BTC doesn't bring what you were hoping Everything's goes to zero against Bitcoin But hey, it takes all the little people selling their Bitcoin to blackrock and strategy and the ultra rich for them to aquire all the Bitcoin and to keep making the highest profits of all time This is the worst of times to sell But humans are absolutely terrible at understanding what is best to do for themselves

Invisible-Pepper349

Long term I still think BTC is the safer play, but ETH has more actual network utility. Only annoying thing is fees when activity spikes...think I’ve nearly paid more in gas than the deposit itself using ETH primarily on crypto casino͏ sites like St͏ake, Roo͏bet and my favourite Ace͏bet...

safetaxio

Great breakdown — this is one of the most underused strategies in crypto. One thing worth adding for anyone trying it: the gain you realize *counts as taxable income itself*, so it can push you up through the bracket. You don't get to sell unlimited BTC at 0% — only the portion that keeps your taxable income under the threshold stays at 0%, and anything above gets taxed at 15%. So the real move is calculating exactly how much you can sell before you cross the line. Also worth flagging the numbers shift each year — for 2025 the 0% threshold is $48,350 (single) / $96,700 (married filing jointly), a bit higher than the 2024 figures. And as you said, state taxes are a whole separate layer. This is basically what we built SafeTax for — modeling exactly how much you can realize before tipping into the next bracket. Always run the math before year-end.

BigDipper0720

Stocks have intrinsic value. BTC doesn't. Therefore, BTC becomes a source of funds to buy stocks in a bull market

Unfair-Ad-5479

Lmfao posts like this... 🤦‍♂️ People who have read the white paper, who have dove deep into research about technicals and who have invested time into learning and navigating the network do not make posts like this. Those people have been waiting and are happy for dumping prices to stack more sats. Stay humble and lower your time preference. I recommend reading up on bitcoin and investing time into the tech and fundamental issues with fiat and government. Stay away from hype influencers and other garbage. Once you see and understand the exit from the hamster wheel.... none of this shit matters at all. 1 BTC = 1 BTC

Necessary-Swan-5764

24/7 CME trading is lowkey huge for BTC. Weekend gap traders in shambles now. Market probably gets way less goofy on Mondays from here lol

SheepSurfz

Anyway your math was wrong. 6 months for 0.01 is indeed 0.0017BTC (rounded up) per month, but at that rate accumulation to 1 coin would take roughly 588 months, or better put, 49 years.

Short_Thanks8901

Rootstock's structural framing is correct: infrastructure, location, and scale eliminate most miners from the hyperscaler path. The pivot is a top-10 public-company story. Their answer for everyone else is active treasury management: lending markets, collateralized facilities, LTV management. That's one path, and it's real. The conversation skips a third option: non-Tier-IV AI workloads. Training-checkpoint runs, batch inference, spot compute, render farms, ZK proving. These tolerate 95-97% uptime, run on 10G uplinks rather than InfiniBand mesh, need selective high-density pods rather than whole-site liquid cooling. Capex delta is $300-800K per MW, not $3-5M. The customer isn't Microsoft. It's an AI startup, research lab, or render-market reseller paying $0.30-0.80 per GPU-hour. For a 50-200MW operator, this path closes when Path A doesn't, and it doesn't require selling BTC to fund the buildout. Treasury management and the middle-AI path are complements, not substitutes. The operators who come out of this cycle stronger will run both.

Medium_Change4574

AI coins wanna run but BTC always drags them down

brianmonarch

Well, I’m definitely coming off smarter just by grammar and spelling alone. Wow. Take a second and look at what you wrote. I’m only pointing this out because you’re talking down to me rather than having a civil debate. And usually people who can’t be nice and just talk facts, don’t know what they are talking about. They get defensive and have to say how intelligent they are, how their chakra is better…. and get on their soapbox and act like they are an educator of some type. It just shows your ego is out of whack. Ask your favorite LLM whether XRP has outperformed bitcoin in the last two years and get back to me. Here’s a shortcut for you… It has. And it’s probably going to continue to do so. What kind of return are you hoping to get on BTC? Do you think it’s going to 1 million dollars this cycle? Or are you more levelheaded and think it’s probably going to get to 200 to 250K? Which is like a 3X or so. You don’t think the best alt coins are going to do better than a 3X? Hey you might be right. Only time will tell. I’m not a fortuneteller. But I definitely think you’re wrong. But that’s a great thing. We don’t have to agree with each other. But when you talk down to people, it makes you look weak. I know it feels the opposite when you’re doing it. But nobody with facts needs to get up and grandstand the way you do. The great thing is these posts will still be here after we see what happens. We can come back and chat. :) Good luck!

IndustrialPuppetTwo

BTC has for the most part done nothing but go up since 2018 with a few down cycles of course. But over all the trend is up so IDK how you could be worth the same since then unless you lost a lot on shitcoins.

smellyfingernail

The market is underreacting to Saylor and Microstrategy being insolvent and having to start selling BTC to pay their dividends. Much lower from here

Big_Comfortable4256

How many BTC did you generate in that time, and how much was spent?

BaseOk280

S&P right now. A few months ago, gold & silver. BTC had its moment last year. It will come around again soon

Electrical-Value-673

Which is? BTC had a bit of momentum on its side lately.

painfuldrp

Everyone chasing the AI bubble. You should be happy BTC isn’t going up when people are chasing risky things

Electrical-Value-673

Of course, but look at stocks. And BTC is not only US.

devCheckingIn

I read MSTR has transferred some BTC to Coinbase? 😨

EdgeQuiet2199

I think a lot of people assume whales are all waiting for some magic number, but after a certain point wealth changes how you think. If someone has been holding since the early days, they probably don’t need to sell everything at once. Some will take profits gradually, some will borrow against their BTC, and some genuinely seem more interested in seeing Bitcoin succeed than squeezing out every last dollar.

stoop1

Would you need to put the BTC on an exchange to borrow against it?

PANIC-BTC

Wall Street has the power now. BlackRock alone holds more BTC than most countries. They don't need to write code; they fund whoever does.

ReleaseMuted1776

This is why I just buy BTC and go outside. You guys are stressing over 10% pumps while being down 80%.

Odd-Orange-5122

So what's the play then? Just hold BTC and ETH and cry?

Itur_ad_Astra

Counterintuitively, this is when I turn bullish. All that stock money will go *somewhere*. Most of it will of course be bonds, but the crypto market is so dry, that it needs 0.1% of the stock money to flow into it in order to start going up, induce FOMO, and go parabolic. Of course, BTC might be at $35K by the time this starts happening.

ShoddyExperience3579

This cycle feels different. In 2021, the money came from retail stimulus checks and a flood of new, clueless users. Now, the money is coming from ETFs and institutions that are only interested in BTC. They aren’t going to rotate into something called ‘POPCAT-USDT’. The retail liquidity that fueled the last altseason is mostly gone, either rekt or just exhausted. So what we're left with is a bunch of old holders hoping for a bailout pump, and a smaller group of degens trading the short-term narratives. It's a trader's market, not an investor's market for most alts....

Itur_ad_Astra

Reasons crypto will crash hard in two days: - Duh, it's a Sunday. - Last opportunity to sell in May and go away. - War still ongoing, Trump usually threatens escalation on weekends in order to play the market. - The monthly candle closes, BTC is already significantly in the red. - Institutions are unloading *billions* in crypto ETFs on the hands on retail. Daily. - Saylor has stopped buying and might start selling on Monday. - Funding rates have gone way up, indicating that retail is heavily long. Again. I'm suspecting a repeat of 10/10 on 5/31. 20% Crash for BTC, 30-70% Crash for Alts. Get ready.

Anda-Tamarua

I’ll take altseason seriously when ETH/BTC stops looking like it needs therapy. Until then, every random alt pump is just rotation, not resurrection.

WickedDeity

Ummmm Why? I see BTC as a store of value. Hold BTC and use fiat when need to buy things. Stop paying life on hard mode.

Expensive-Paint-9490

The main problem is that cryptocurrencies are easily manipulated (because of low loquidity and lack of regulations). This makes altcoins, even ETH, disproportionately more risky vs their potential larger gains. It means that BTC has a better investment profile overall. It won't make you rich in few years, not anymore.

Lavayo

Some sold at 100k. But there are still many left that hodl forever. Or burn the BTC as seen recently.

PuzzleheadedEyeball

Agree- with Salyer saying "they might sell" and other permabull BTC types getting out it is clear AI is the golden child and crypto is exit liquidity

Known_Click

Terrible take, BTC pretty high chances to go up again vs memecoins that will most likely stay dead forever. Don’t try to time the market with BTC.

devCheckingIn

No sense holding BTC through a bear market either.

jeremiahcp

How were they going to get BTC in a box?

Double_Software829

May I ask, did you solo mine or pool? And how much BTC did you walk away with from mining?

2shyofa3sum

BTC "price analysis" YouTube videos = mind cancer

TheBigLT77

2.5%… so they can lend your BTC out to shorts. Nope.

jc456_

It's BTC. Always will be.

MaximumFlower8302

You're definitely not missing anything: this topic gets dangerously undersold, especially by platforms that profit from people ignoring the downside. Celsius and BlockFi weren't black swans. They were predictable failures for anyone who understood custodian risk. That's why the "living without selling" discussion needs to separate two very different things: 1. Custodial lending (you hand over keys) insane risk, we've seen the tombstone. 2. Non-custodial / overcollateralized credit lines (you retain control, smart contract manages LTV) different risk profile, but still not risk-free. Your point about a 50% crash is spot on. If you borrow at 30% LTV and BTC drops 50%, you're suddenly at 60% LTV - dangerously close to liquidation on many platforms. The only real protection is borrowing so little that even a brutal drawdown doesn't trigger a margin call. Which defeats the purpose for anyone trying to actually "live off it." I've heard about Clapp Finance - they do a credit line model where interest accrues only on what you draw, no fixed repayment schedule. But honestly, even with the best structure, the math you ran in your calculator doesn't lie: you need a massive cushion, and that cushion is just capital that isn't working for you. So no, you're not alone. This is underexplored because it's uncomfortable - it forces people to admit that "never sell" and "borrow cheaply" are often incompatible unless you're overcollateralized to the point of inefficiency. One genuine question: in your calculator, what LTV and what crash depth did you model as the "this is still safe" threshold? Curious where your numbers landed.

devCheckingIn

Yeah I'm going to see if Fidelity offers an inverse BTC ETF and rotate the profits from my mining stocks into that. Hopefully it won't backfire on me lol.

ChangeNOW_Community

ETH, BTC, DOGE don’t move in isolation , they move based on where risk appetite concentrates, not past drawdowns

devCheckingIn

IBIT continues to shed BTC relentlessly.

a2ztimes

they are also quoting 3 million per BTC by 2049

NashDaypring1987

I am in a similar situation. I bought the dip.... it just kept on dipping more 😞 Luckily, BTC is a sizeable position but not my entire portfolio. I learned this new rule of buying BTC.... I only buy when the price is 50% than the latest all time high. So, I don't plan to buy again until $63k or less. Don't forget to take profits when new all time high's come again. No need to sell all. Just take little bits of profits when you have it.

Pyroll2206

The day you start something is also the best day to do it. Though dont forget about the actual economy macro-micro, where BTC stand as of now, what is your actual investment level, what are your goal, your budget

mdeevy

Hey guys, ive got a cold wallet that no one has the keys to. Feel free to send your BTC there, let's watch the world burn! Lol.

Salty-Ad6128

BTC to 100k

FromThePits

Bought in 2019 around $5000. Hodled through 3 drawdowns over 50%. Endurance paid of multiple times with valuation over $73,500 today. No worries. BTC is a long game

Fuzzy-Combination808

As a fellow 2021 holder, do NOT sleep on the tax implications of spending BTC directly. Every coffee you buy is technically a capital gains tax event. If you want the absolute easiest way without moving funds back to a CEX, look into **Self-Custody cards (like MetaMask Card / Gnosis Pay)** or **Crypto-backed credit cards (like Nexo)** where you borrow against your BTC instead of selling it. Just keep in mind that pure BTC mainnet spending isn't a thing due to gas/speed, so you’ll likely need to hold some stables (USDC) or wrapped assets on an L2/EVM chain to link with those cards. It’s still 10x better than the old 'convert-and-wait-3-days-for-withdrawal' nightmare.

Some_Tax2898

When I first bought, 1 BTC was worth $12,400. Later, it dropped to $3,800, and I bought whenever I had the chance. My average price probably reached somewhere between $7,500 and $8,000.

piggleii

Kraken is proud to announce Alex Mashinsky as head of BTC Vault Strategy & Management.

CodyEngel

He said nothing about using wrapped BTC he listed wrapping as one of the issues in a list of issues that are really just "this is how you convert from one protocol to another".

CodyEngel

You're complaining about Crypto as a whole. It's incredibly easy and quick to send BTC from one address to another. What's not easy is when BTC needs to first convert to ETH or SOL or another protocol first. I don't disagree with the pain point buts it's also not for BTC to solve either.

Roaring_lion_

I don’t think we’re actually that far apart. My point wasn’t “BTC perfect, everything else fake.” My point was that BTC has the cleanest decentralization argument: no issuer, no CEO, no foundation roadmap, no VC cap table, no stablecoin dependency, and very limited ability for insiders to change the rules. XMR is probably one of the better counterexamples because it actually has real utility: privacy. I’ll give you that. But privacy and decentralization are not the same thing. A project can be private and still depend on a smaller dev community, mining structure, liquidity chokepoints, exchange access, and regulatory pressure points. So XMR doesn’t really refute the argument. It proves the point: the list of projects that even deserve to be in the “actually decentralized” conversation is tiny.

brianmonarch

Yeah, keep the oldest coin that is the least green and has the least efficient tech out there. When utility matters, and I believe it will…. I bet you’ll change your tune. You sound like a bitcoin maximize that is stuck in an echo chamber. Don’t get me wrong. I don’t think BTC will die. It has a store of value now. But that’s all it has. It will never be used for its tech. Other coins 100% will (and are) be used that way.

benitoblanco888

future you will probably regret using BTC for everyday purchases for lost gains and tax implications. just use Coinbase or Gemini credit cards, collect the BTC each purchase, pay the balance monthly, and let the BTC (and dollar equivalent) grow over time. have you learned nothing in the past 5 years? the winning move is to stack and hold, and I have yet to see a legitimate and convincing counter-argument to that strategy.

panthera_N

Many people increase their investment capital by using margin leverage, pledging BTC as collateral, and borrowing additional BTC from CEX to increase profits when BTC prices rise. CEX borrows money from lenders and lends it to others at a higher interest rate, profiting from the difference.