DON

A_Ripple_To_A_Wave

I 100% agree, it is your own fault. Ignorance isn't a valid argument. I should be charging for this advice, but I'm in a good mood and don't want anyone else to suffer the same fate as Bob. Prenup, prenup, PRENUP!! Now for a story. There once was this guy named Bob. He met a girl and fell in love, got married, and had two kids. Life was great. So Bob thought. IMO Bob was doing what every partner should do. Supporting his partner while she got her education and helping her become the best version of herself that she wanted to be. The whole time assuming his wife would/was doing the same for him. To make this short, Bob's wife got her education and within months of graduating got caught cheating because she thought she had become better than and had outgrown Bob. Bob lost more than half of everything. His castle, his queen, his kids, and a boatload of money. Bob never imagined this would ever happen. The last meeting with my lawyer. I mean Bob's last meeting with Bob's lawyer to pay his final bill. Bob's lawyer asked what Bob had learned going forward and Bob said prenup.... and the lawyer said Smart man. DON'T BE BOB!!! Don't worry it ends with a happy ending. Bob found a new girl, discussed a prenup when they first met, and they were in love. She agreed she would sign it. It was fair and also protected her equally. Bob got his house back, has his kids living with him full-time, and travels regularly. Life is good again but this time Bob's protected and so is Bob's new partner. Prenups should be automatic, it doesn't mean you don't love each other. It just protects everyone involved and saves a ton of money in the end. Make it while you're in love and then if it ever does go sideways you know what it will all look like. Almost no need for a lawyer. If your partner refuses to sign. Huge red flag and move on to the next one.

Partyboycrypto

You DON’T Sell the Bitcoin You HODL The Bitcoin

MaximumStudent1839

> Any general strategies or rookie mistakes I should avoid? DON'T GET MIDCURVED TRAPPED INTO BUYING COINS FOR REVENUE or UTILITY!!!! I REPEAT! DON'T DO IT! You need to buy tokens perceived as a store of value (SoV) by their holders. The best example is BTC. The ETH community is now slowly shaping itself as a competitor SoV. > also explore altcoins? Careful. A lot of alts scoff at the idea of SoV. They also have shit tokenomics. You need DYOR. Most simply can't be SoVs because their dev teams need to constantly sell a large % of supply to keep their lights on. There is one TRUE FUNDAMENTAL about TOKEN PRICE. It is about FLOW! Prices go up when holders are more reluctant to sell, and new buyers want to come and stay to build wealth with the token. This advice is not "ideologically" driven. It is just pure experience-driven. I can give you tons of recent examples to justify what I am saying. So why SoV over revenue or utility? The simplest answer is that crypto is a pretty pathetic asset class when it comes to producing revenue or "utility" to get new buyers to come and stay. However, assets with some legacy, as seen as SoV, tend to get longer retention for their holder base. This reduces structural sell pressure. To be concrete, let me give you examples. Hyperliquid is so far the top revenue chain. But then, its revenue multiple is at 47 - the higher the number, the worse the asset is at producing revenue for its price. Go to any FinTech company in TradFi, and you will get even better multiples easily. You might think, isn't crypto a nascent asset class? Shouldn't I discount multiples if I can get better revenue growth? Well, Hyperliquid's valuation is already at Nasdaq's market capitalization - it is already big. What about revenue growth? Their entire community has pivoted to find more inflow than growth, aka get buyers from institutions and stablecoin issuers, rather than driving revenue growth. Why don't they focus on revenue growth? It is because it is VERY HARD! Nearly all of crypto revenue comes from fees paid by ppl wanting to gamble on crypto short-term. The game cannibalizes its niche customer base over time and requires attention investment that regular ppl can't afford. So why not "utility" tokens? It is because nearly all crypto utilities are tied to a user base holding crypto. > I’m not looking to gamble my savings away,  SoV tokens are the only thing you can buy and forget over time, and have good odds of winning.

rgnet1

This is such a bad take. A smartphone is an indispensable tool in modern society that gets everyday use for multiple hours. Whether you get the most expensive, latest phone, or a cheaper used one, is an entirely different topic. But what you DON'T do is say "I will own absolutely nothing, just bitcoin." Bitcoin is both a phenomenal long-term asset to hold and has the ability to be transferred peer-to-peer, unlike a company stock, bond, or other traditional financial instrument. Hopefully, one day bitcoin is used as a replacement for money entirely. But in either use case, you don't say, "do I hold my wealth or do I buy a phone?" Many items we need depreciate over time, or get consumed entirely!

ChaoticDad21

Something tells me you DON'T think that's ok.

coojw

It seems that where we differ in understanding is on what bitcoin is, and the inevitable result based on what it is. Let me clarify. Most retail, and even many accredited investors think Bitcoin is an investment, akin to stocks, or commodities. It really isn't. Its Money. Not just any kind of money, its hard money. In fact, its the hardest money known to man at this time. Its harder than our previous hard money, gold. Now the average person doesn't even know the significance of this, which is fine. The economic laws will take place regardless. Value always seeks out the best store of value. Bitcoin is the best store of value in existence, but the vast majority of people haven't caught on to that yet. Bitcoin is still in its adolescence. We haven't even reached its first supply shock. This is the core of what most people miss though, and its because most people have no financial education. Even people who are financially savvy don't often understand what I'm about to share. Let me lay it out simply: The reason the dollar is failing is because it's not money, its a currency. A nuance many people don't understand the significance of. Currencies can transfer value within an economy, but they DON'T store value over long periods of time. Only money can do that. Gold is a money, Bitcoin is a money, The Dollar is a currency. Properties of money: *• a medium of exchange* *• a unit of account* *• portable* *• durable* *• divisible* *• fungible* *• a store of value (scarcity - aka how finite it is)* Gold beats bitcoin on durability only. Gold will exist after humanity & all its technology has turned to dust. However Bitcoin only needs to last as long as our technology lasts, which it is programmed to do, which makes it good enough on durability. Every other property, Bitcoin beats gold. Especially on scarcity, which is the most important property related to storing value long term. If any 1 of these properties is missing from a "money" it becomes a currency. The dollar is missing scarcity because it is printed infinitely, diluting all other dollars in the system. Another way to view it is, Gold & Bitcoin are both Layer 0 monetary technologies (which are considered as a base), and other technologies (layer 1's) like the dollar can be built on top of them. We did this when we used the dollar as a claim for physical gold, but in 1971 we lost that link, forever making the dollar "baseless". So it is paramount to understand that value is leaked out of every monetary asset humanity has access to (even gold because it isnt finite), EXCEPT bitcoin. Value always seeks the highest and best store of value. It will take time but it will find Bitcoin. It will take time for Bitcoin to mature (we are currently between 3% & 4% world adoption), and it will take time for people to learn what Bitcoin is and does for them. This will happen, but mostly by people following people who are making large amounts of money fast just by holding bitcoin. I'm not talking about what we've seen in the last 2 cycles of bitcoin, but closer to what happened in the first cycles of bitcoin, once the supply shocks start occurring.

satankober

DON'T!! Haven't you seen the news lately? You have no idea how evil this country is!

Tall_Run_2814

Don’t ever some new/unheard of exchange. Even in the 1% chance it is legit they will file for bankruptcy and you’ll lose your money. I’ve seen it happen countless times over the years in crypto. Stick with the platforms that’s are well known, regulated and DON’T offer “guaranteed returns”

konidias

FOMO FOMO FOMO! ACT NOW WHILE SUPPLIES LAST! DON'T MISS OUT ON THIS AMAZING DEAL! YOU HAVE 60 SECONDS TO DECIDE! Yeah... you're definitely selling me that BTC isn't just a pyramid scheme with this post.

AutoModerator

Post is by: Whore4Horology and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1n5lt15/phantomhyperliquid_stole_2200_in_fees/ I need to put this out there because this is robbery, plain and simple. I exited two BTC short trades on Phantom’s perp platform (via Hyperliquid). When I closed: Trade 1 was up over $1,300 in profit Fees: $1,148.73 - Final PNL shown? +$234 Trade 2 was up over $2,000 profit Fees: $1,115.37 - Final PNL shown? +$897 So instead of walking away with $3,300 in real profit, Hyperliquid’s fee structure scalped away over $2,200 of it, leaving me with barely a third of what I actually earned. And the worst part? The UI doesn’t even show the gross profit vs. the fee deduction. It just spits out the “post-fee” number like I only made a couple hundred bucks. That’s extremely deceptive. Perp trading is already high risk. But to make thousands on trades and watch Phantom/Hyperliquid claw it all back in fees? That’s not trading, it’s getting mugged. If you’re considering Phantom perps: DON’T!You’re not only competing against the market, you’re competing against Phantom and Hyperliquid’s fee engine…and they’re guaranteed to win. Screenshots attached for proof. This is absolutely disgusting and I’ll never use their perps again. *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.*

Byizo

I write in really big letters on my drive “DON’T PANIC!”

nnahorski

Honestly, the longer I hold the easier it is to not pay attention to the day to day price. My bi-monthly DCA fires off on the 15th and last day of every month without me even thinking about it, as does my purchase of stock ETFs. It’s all automated precisely so I DON’T think about it until I retire.

Sp3ctre18

I'm just finding out about this so excuse any relevant ignorance, but especially you guys who managed to get your claim in, please consider expressing your concern for other holders and the dissatisfaction about the tiny window of only 2 months - and that was an extension from 1 month? Lots of us surely stopped following Terra's SMS. And if they couldn't run a simple Twitter search to DM or email people who admitted Terra holdings (like me), that just means it was always an intent of low effort to compensate victims. I could afford to lose what I did but it doesn't excuse this behavior, and what it might be like for others. Anyway, thanks for the telegram group and thanks to others for mentioning the other lawsuits. Feel free to let me know if there's a good reason why I have a bad take here, because I AM JUST NOW trying to read all about this, stores of people submitting claims, etc., so I apologize for my ignorance - but it's really hard to see. I DON'T exactly remember but BlockFi, Celsius, they had about the same window or maybe even longer - but they had our emails! Anyone who truly wants to compensate Terraform Labs' victims has to make some effort to find them.

AdhesivenessAlert279

DON'T panic, keep your BTC, you will thank me on October this year. Hold on untill then, by that time sell it. I have seen this kind of fluctuation for 100 times.

na3than

> we can use the power law to buy near bottoms always, given the accuracy of the power law? We can? Great. When and at what price will the next bottom be? > If we know for certain that it’ll eventually trend near or close to under $100K eventually why not wait? We DON'T know that for certain. IF you believe the resistance and support lines drawn on the power law chart - which are based on past performance - describe the can predict future support and resistance, all you get from those bands is a reasonable assurance that the price on date X is *likely to be between Y.support and Y.resistance*. it doesn't tell you "it’ll eventually trend near or close to under $100K". > The current floor using the power law is $40K meaning the next bear market will be somewhere near that so why not just wait? No, it doesn't mean that. IF you believe the power law chart and IF we were in a bear market NOW, you would expect the bottom of the bear market to be NO LOWER THAN $40k. But we're not in a bear market, so why would you expect that price? Unless you know WHEN the next bear market will happen, you can't use the support line to make ANY prediction about price.

Staking_Cry_724

DO NOT ANSWER TO ANY DM, THEY ALL JUST WANT TO SCAM YOU. DO NOT INSERT YOUR SEEDPHRASE ANYWHERE DON'T SHARE IT WITH ANYBODY, DON'T ALLOW ANYONE REMOTE ACCESS TO YOUR PC, CONTACT A PROFESSIONAL RECOVERY SERVICE LIKE [novasapien.com](http://novasapien.com) .

ashamedskibiti

I think you cashed out a little early, but that’s fine if you needed the money more than the bitcoin. Personally I would keep enough fiat cash in had for personal reasons and never ever sell the bitcoin! It’s not worth it! This cycle will without a doubt see $140,000 or even $250,000! I know this would be the absolute max price and anything can happen, but I’m just pointing out why you DON’T SELL and just BUY MORE!

Boazmcding

Get a air tapped cold wallet. Store it there and chill. Buy when you can and HODL. KEEP YOUR SEED IN A SAFE PLACE. DON'T TALK ABOUT YOUR HOLDINGS WITH ANYONE.

parakite

Simplest is to just hold. You or I don't know when will be the next bear or bull market. Take today: are we at a local top, at a bull market top, or Bitcoin will go 5x ( to $600k) in next 1-2 years. WE DON"T KNOW. What we do know is that Bitcoin WILL be the world currency, which will be bought by central banks and nations, and as such its target price is NORTH of $10 million per coin. So hold for 8-12 years, and you can still do a 100x in your invested money.

303Murphy

What makes me comfortable about the automatic recurring buys is that I DON’T feel the ups and downs. I used to care a lot if the price moved fast in either direction but now I know I’m either making money on what I have or getting a better deal on what I’m buying. I highly recommend automating everything, but you do you.

Pacman_Frog

It is. HOWEVER. Cold Storage, Delft custody is the best option. And DON'T go telling people you just hit a Bitcoin jackpot because you will become a target.

ctrails_r_real

It is crazy that people STILL DON'T GET that investment companies like Blackrack ARE NOT buying btc for themself - their thousands of customers are adding it to their portfolio. And they can and will sell

MaximumStudent1839

> I'll probably end my life in two days DON'T FUCKING DO IT! There are always better opportunities in life! Crypto is essentially an unproductive asset class. In consequence, all its "yield" is just inflation! Run AWAY if any asset promises you anything greater than a fixed 10% APR. You might catch a high APR on stables for a day or two, but it's unlikely to last more than a few months. If it is more than multiple months, it is like a Kujira rug in the waiting.

Exact-Ostrich-4520

Yeah because you DON’T sell your Bitcoin! I just want to live long enough to prove Dave Ramsey wrong!

wkw3

"The first sensible thing anyone has said to me all day." ``` ...despite its many glaring (and occasionally fatal) inaccuracies, the Hitchhiker's Guide to the Galaxy itself has outsold the Encyclopedia Galactica because it is slightly cheaper, and because it has the words 'DON'T PANIC' in large, friendly letters on the cover. ```

scottymac1824

Token Launch in coming DON'T FADE!!!!!

Itchy_Influence5737

And whatever you do, DON'T SAY CANDLEJACK!

New-Sky-9867

Look, dumbass: that's if you DON'T MAKE A PAYMENT. Are you 12? Why can't you comprehend how COMPLETELY different that is from a Bitcoin loan from the unregulated market. If your car value drops and you're still making payments, YOU KEEP YOUR CAR. If your home value drops and you're still making payments, YOJ KEEP YOUR HOUSE. Now pay fucking attention because I know your brain isn't working: With the way BTC loans are structured, if the value of BTC drops and you're still making payments, YOU LOSE ALM OF YOUR COLLATERAL BITCOIN. Do you see how fucking stupid you'd have to be to take out a loan right now by putting up your Bitcoin?

jonasmurdock

For anybody gritting their teeth at this concept, know that there are some of us for whom this would be a DREAM. I would give so much to travel back to the 2021 dip with hindsight. That being said, I'm grateful to have the lesson I gained from it: DON'T SELL BTC.

MichaelAischmann

What's on the cover of the The Hitchhiker's Guide to the Galaxy in big friendly letters? DON'T PANIC

Joshua3109

Stick to the top few coins man. Eth for "safest" but lowest gains. Personally I'd go for Avax like you mentioned. Sell half at old all time high and a percentage every bit after that. DON'T HOLD 100% OF THE BAG AFTER OLD ATH

JASMY-XRP

I buy on Coinbase, have been buying for years with issues on deposits or withdrawls! Not saying it’s the safest way to buy, but I’ve never had an issue and because I use the App so much I have Advanced and the fees are next to nothing! My advice would be to just start! I read a quote today that said, “YOU DON’T PLAN FOR YOUR FUTURE, YOU PLAN YOUR DAILY ACTIONS AND THOSE ACTIONS SHAPE YOUR FUTURE!”

weigelf

DON'T RESPOND/LISTEN TO ANY DM'S ABOUT THIS. THEY'RE SCAMMERS. Like others have said, thoroughly understand how to properly set up a cold wallet. Once you set it up, transfer a small amount first to ensure you're doing it correctly. Don't let anyone know you have crypto, or at least, don't tell anyone how much you hold

Fulhse069

Oh in that case yucaan but on coinbase nd move to your own wallet for safe storage. DON'T LOSE YOUR SEED PHRASE!

PerpetualEscapements

Trump’s cult followers already KNOW he is a CRIMINAL. They just DON’T CARE.

jarviez

The answer is DON'T. Be a son/brother, not an evangelist. Do they already show an interest in investing or money management? If not, then they are not the right audience. Better to just stack your own ways and be prepared to help them financially in the future.

AmbotnimoP

This subreddit is immune to any discussions straying away too far from either "bullish af" or "DIAMOND HANDS GUYS PLEASE DON'T SELL".

Cowboy_Auctioneer

Alright I’ll give it a shot -blockchain good at security -smart contracts good and performing financial tasks -both blockchains and smart contracts can’t connect to external data sources or communicate/transact with other blockchains and tradition systems within the banking/financial system -Chainlink solves this via Decentralized Oracle networks (DON’s) and Cross chain interoperability (CCIP) -Example: imagine J.P. Morgan interacting with the avax network which has another party wanted to transact with the two but they’re from the solana network. -Chainlink allows them to complete the transaction simultaneously and seamlessly without each party having to create or be a part of each others blockchain -the future of tradfi and defi is Chainlinked via chainlink Hope I explained it

Cowboy_Auctioneer

Alright I’ll give it a shot -blockchain good at security -smart contracts good and performing financial tasks -both blockchains and smart contracts can’t connect to external data sources or communicate/transact with other blockchains and tradition systems within the banking/financial system -Chainlink solves this via Decentralized Oracle networks (DON’s) and Cross chain interoperable (CCIP) -Example: imagine J.P. Morgan interacting with the avax network with has another party wanted to transact with the two but they’re from the solana network. -Chainlink allows them to complete the transaction simultaneously and seamlessly without each party having to create or be a part of each others blockchain -the future of tradfi and defi is Chainlinked via chainlink Hope I explained it

XLinkJoker

DON’T Sell the whole thing !! Imo Bitcoin is only worth selling to improve your living situation, transferring it into dollars & buying junk is the worst thing you can possibly do.

jarviez

Sounds like you might have just set up a wallet, but not actually bought any Bitcoin to put in it. You said you couldn't remember if you linked your bank to it or not. Well if you didn't, then you probably didn't buy. And if you did link your bank to it then maybe you still didn't go through with it and actually buy. It's a shame you can't find that seed phrase, because without it you won't be able to set that same wallet up again and check the balance. Without the seeds phrase, you will never know, and no one will be able to help you. If you do ever stumble across the seed phrase, remember DON'T SHOW IT TO ANYONE. Anyone smart enough to help you recover your wallet, even just to check the balance, is smart enough to steal the Bitcoin out of it.

VariatCA

Even when the markets were climbing, all you were doing in here was crying "DON'T TRUST THE PUMP, BURGERS CAN'T BE TRUSTED". You must have the most finicky crap-coins available on the market lol.

Fun-Caterpillar-1169

I'm reading everyone's comments and they are right that assets make you money and keep you well off. Bitcoin has blown up and I had a very small amount a long time ago. Sold it to pay of debts that would have affected other people not just myself. I was happy to do it. If I had held on to it well it would have been a nice little chuck of change to live off of given Bitcoin at 200k. Still I am not tripping on it because I didn't really have a lot and had to do what I had to do. I also still hold other Crypto and just say to myself well they might blow up into wild houses and make me a nice chunk of change. My main point is how much Bitcoin do you have? If your selling 60% to fund a TWO WEEK international vacation. It sounds like a little chunk of change BUT in reality you don't really have a lot of Bitcoin. ALSO with your situation the real point is "surviving" you have no work and guessing you have bills ... I don't know if your wife works and contributes, but I'll assume she works and helps pay stuff since your not working. In reality you might need that Bitcoin to just survive your (like other have said) not really in the position to spend 60% of all you have. I just wanted to really stay focused to one point lets be a little honest you DON'T HOLD A LOT OF BITCOIN.....some people here are saying you'll be "well off in the future for a hundred trips" and get "rich" well I know Bitcoins value is going way up BUT given the small amount you have its not going to be life ending if with your situation you have to do what you have to do and some Bitcoin gets sold. Bitcoin at $200k is amazing I still think its going to be some time till you see Bitcoin at like $400k....so wait all that time just to double the value of the small amount you hold now. That's my point, some would say its very mute point but I think it still matters ..... wouldn't it be nice if we were talking about you even holding 2 Bitcoins....but obviously we are not. People don't want to take what I just said because they are real believers that Botcoin is going to the moon. Some people in there comments talk like they think Bitcoin will get $600k or way more and your small amount will be worth something. Well I don't think Bitcoin is growing to those levels anytime soon AND ANOTHER HONEST THING you don't know if the whole thing could eat shit faster then you would ever imagine. It could happen for a variety of reasons. Its finance, economics(which might look good being Bitcoin is world economics) and digital(I still say the system could brake or just lose favor). Many things can happen. I don't want to say given your situation and what it takes to day trade successfully without stress or with less stress that its smart to sell 60% or a chunk of what you do have saved to make your wife happy because it might make your life hard or of course make it so you have not much capital to day trade with. BUT it might be worth it to consider taking some of what you have and make your wife happy. Some people said do something of a lower expense and that sounds like a ok decision. Consider doing something OR if you want, in the wild life we live, do the international trip to make your wife happy. Find a deal somewhere to make the costs less on that 60% of your Bitcoin. Maybe somehow bring it down to 30% and plan to work in the future to get that all back. But you do that to give what your wife wants and make the family happy. STILL have a plan to make sure your future can be ok as well. Lastly....I don't think you will ever get rid of that pit in your stomach when day trading as your only livable income. It just sounds like you don't have a lot of Bitcoin or savings so day trading when its tight is always going to keep that pit in your stomach. WISH YOU THE BEST MAN AND HOPE YOU/WIFE ARE HAPPY.

RalphMakesItWork

DON’T BUY SPOT BTC NOW! The price is way too high for spot trades, but I personally suggest buying contracts. As long as you understand the risk/reward ratios and your positions, you bear much less risks than buying spots. I learnt it [here](https://www.amazon.com/No-Nonsense-Cryptocurrency-Investing-Concepts-Beginner-ebook/dp/B0FGZ57659)

BTCwarrior

What is the purpose of money? What can you buy directly with Bitcoin? You sell Bitcoin to improve the quality of your life. If you DON'T do this, you are a moron. Don't be in a cult.

YogurtCloset3335

But it does matter what the DON'T do, such as fucking with Defi, harassing crypto founders, and arbitrarily calling things a security like Gensler did.

guinogueiraj

Yes, I told him, I already explained, I mentioned the gold. The issue is, as I already said: PEOPLE WILL ALWAYS RIDICULATE WHAT THEY DON'T UNDERSTAND.

oneawesomewave

I always sell the. "DON'T SELL" threads pop up on Reddit. Has worked for 10 years. Just didn't hit the ratio yet.

rodmandirect

The time stamp for his BTC talk is 41:04. I DON'T appreciate their reservations - they'll be continuing to kick themselves for a long time because of these reservations.

mrjune2040

DON’T trade futures full stop. Don’t leverage, don’t day trade, don’t buy memecoins. It’s all just gambling in one form or another. Just buy and hold BTC and a few other quality assets.

MichaelAischmann

Fine. Here's my advice. DON'T think about what could generate fiat for you. Think about what you'd like to use, what has utility for you, what could be beneficial for your life. If you want the next person to buy it from you for more money, you gotta understand why. I own ETH because I use DeFi. I own AAVE because I use the protocol and have a personal interest in the governance of the protocol.

BlackjointnerD

Bruh how do you even go back 6 years on somebody's comments 😂😂 When XRP moons very obviously, people like you are going to go into a depression. There will be no excuses. You saw them sit at the table with everybody important and still somehow faded it. You will hate yourself forever. You literally don't understand traditional finance. There's a reason why the nostro Vostro point is made because it is OBSOLETE. It makes zero sense for it to exist when crypto and stablecoins are around. YOU DON'T NEED MARKET MAKERS ANYMORE. You just issue your own stablecoins from your reserves on the public blockchain and create liquidity pools for both ends to generate yield from your own transactions that auto route through XRPL They actually solved the liquidity management problem for interbank markets and such. Being an international business making payments in 160+ currencies no longer has to have all that complexity and cost versus programmatic FX conversion and real time settlement which enables real time accounting. Ripple seriously only needs to capture a small percentage of the interbank settlements markets to make XRP flip BTC with major integration as a neutral intermediary asset. No more specialized central counter parties that market make for hedging and settlement. XRP has no counterparty. So cash settled FX futures and contracts are done with counterparty and settlement risks. Same with cash equivalent corporate debt and retail securities. With Ripple trades happen instantly and programmatically versus convoluted multi day schemes to manage risk like netting positions within the same asset class, using payment-versus-payment systems, and clearing derivatives through a central counterparty.

belle-4

You truly DON’T understand the value of your bitcoin investment. Keep it. Add to it and don’t ever sell it. Stake it. Borrow against, but never sell it. I don’t think you’ve been watching the right videos. Go to YouTube and watch videos by Mark Moss, Jeff Booth, and of course, the legendary Michael Saylor. Do you think micro strategies, being the fastest growing stock in the country is doing something wrong by borrowing against the company and buying all the bitcoin it can? Obviously I’m very pro bitcoin. I wish I had bought in long ago. You’re going to really regret this if you sell. CEOs of Fidelity investments are saying it will go to 200,000 this year. Please don’t be foolish.

Ikki_The_Phoenix

Learn this sink in "DON'T MOTHERFUCKING MARRY YOUR BAGS"

Cold-Operation-4974

this is why americans DON'T bitcoin. the powers that be created a very useful metric... the dollar index, which measures the value of the dollar against a basket of other currencies. As long as the dollar performs better than the rest of the basket... the dollar *appears strong* this is what the financial media and politicians  then call "a strong dollar"  and americans continue believing inflation is a periodic thing that affects eggs for a few months because joe biden and pfizer and the devil poisoned the chickens so there are no eggs.

Tunnel_M

DON’T DO IT. The marginal increase in BTC right now isn’t worth the risk. Wait it out till the next bear market. Then you can probably afford 2 bitcoins. Now you’re just holding out for a 20-30% gain with the possibility of losing if you hold till the bear. Wait for a better R:R

Comprehensive-Emu398

You know something very important about an idea like this is that you DON’T have to do the payments out of your own pocket, meaning you can sell bit by bit the stack you get with it (paying taxes and all), and by the time the loan is due you are probably going to be left off with something around 0.5 to 0.75 btc, for free, literally. By doing this you can take an infinite amount of loans, as long as they are 8 years plus in term. The catch is that if you lose the BTC because of poor key management (you are obviously not going to keep your coins in an exchange doing this) your life is ruined.

SpontaneousDream

This whole take is just insane to me. It sounds like you're just...*okay* with holding a coin that is obviously losing whatever dominance it had and is obviously being repriced lower by the market. Look at any metric. TVL, DAU, stablecoins, revenue, etc. Ethereum is competing with numerous L1s and they are all eating Ethereum market share in pretty much every category. This doesn't even mention the fact that there are *zero* buybacks of ETH and a "burn" mechanism that is so insigificant that it doesn't even get talked about anymore (you know, because L2s have effectively vampired all the revenue from the L1 while paying nearly nothing. Hence, essentially 0 burn- in fact, ETH is inflationary). Comparing Ethereum, a *protocol* that has been reduced to just being a backend for value-extractive dapps/L2s, to a *company* like Amazon is comical. I can't even with the mental gymnastics. Please tell me more about what Ethereum devs will do (assuming they even get all this speculative, anticipated future usage you're talking about and don't continue losing it all to competitors). Just magically turn up the fees and expect ETH staking yields to go through the roof and price will recover? And simply pray the L2s don't leave or users don't leave for literally any cheaper competitor? Or are you honestly just pinning all your hopes on "blob scaling and the L1 scaling 100x"- which again, **DON'T MATTER** when your coin has essentially zero buybacks and burns. The issues are twofold: 1. All revenue has been given away to L2s. 2. ETH has no buybacks and a negligible burn mechanism. At the end of the day, you are stuck holding and staking a coin for a measly 2.7%, while taking on a LOT of downside risk, losing a LOT of value against BTC, and making a LOT of assumptions about future usage- and of course the two MAJOR issues above. >Again, your whole argument here is basically "bUt LoOk At ThE pRiCe ChArT" which really says a lot and means that your take will probably age like milk. Yea, NO SHIT. Price matters dude. It is literally the most important thing. You think people would be investing and buying Bitcoin for it's decentralization, supply limit, divisibility, and all these othe properties if the price just slowly bled to 0? Of course not. No one is here for the tech, no one is going to hold a losing coin because of xyz blobs or scaling or whatever nonsense buzzwords Vitalik, Lubin, or any ETH devs come up with, and the fact that you even mention that ETH apparently has more upside than Bitcoin provies my point. Price is why we are all here.

CoastalVA

No one is going to read an xrp zombies rant. I'm just hoping that I help out some people that are new to crypto and fall for that hype. DON'T BE FOOLED INTO BUYING XRP

Icy_Acanthisitta_345

DON’T TELL HER SH*T!!!! It’ll be the BIGGEST MISTAKE of your life and perhaps even the end to your marriage. DON’T DO IT!!

Maleficent_Shake_15

Omfg IM CUMMING hyrumppffffff ****bites lip***** ohhhhhhhh mmmmmmmm dont touch me! Don't touch me! DON'T TOUCH MEEEE! OK OK OK punch me in the fucking face!

JustStopppingBye

There’s nothing to discuss. It’s not easier (whatever this means), more decentralized or more accurate lol Chainlinks DON is larger (1000+), independently operated, and economically incentivized to stay honest. Chainlink is also more decentralized in how oracle data is sourced and delivered. Evident in the fact they control 68% of the oracle market and work with institutions like Swift, DTCC and JP Morgan. Chainlink is already dominating the market, how can you have your money on something that’s already failed lol

Elemental_Breakdown

DON'T BUY EITHER I am experienced with physical precious metals, and specifically those with numismatic value besides. Many ancient silver It's really hard to find a reputable buyer, you are never going to get more than - 10% spot even on decent coins (unless highly collectible). Don't get me wrong, I have learned a LOT about history by collecting ancient coins and made a lot more than most bitcoin short term trades, but buying bars is a losing strategy. Honestly have 5X profits on ammo vs precious metals in a 10 year time frame. All this bitcoin obsession is a given because of the reddit we are on, but having a piece of property, a proper collection of self defense tools/ammo, even things like a ghillie suit, a generator that is able to work on multiple fuel sources, learning to use a recurve or learning to be proficient with a longbow and recurve and making my own arrows were higher on my list of priorities than stocks and bitcoin. Because now I have no doubts about feeding my family and protecting my family and close tribe, and learning to identify local mushrooms and edibles where you are costs nothing at and is fu nnnnnnnnnnnn. Money is nothing if you can't survive a month with no power at the atm or computer. Let's assume society is just fine, it's still going to be a TON OF FUN to learn self reliance and you will learn to do without a lot of stuff which will allow more stacking when the bear market strolls down the road in 14-16 months.

GreedyScumbag

> But banks are smart, they keep backup for debts data DON'T RUIN FIGHT CLUB

AtaPlays

The other side erupts the war. We keep DCA no matter what happens. I missed a DCA streak, but I stand by double the amount to fill yesterday's streak. Lump sum? DON'T AS ALWAYS.

hawtdiggitydawgg

I think people miss the point a little with the pizza guy and money they “lose” spending bitcoin. ANY money YOU spend that you DON’T put in bitcoin is lost bitcoin! If you spend cash on a $20 pizza or $60,000 car, it’s ALL missed bitcoin opportunity. Obviously we need to eat and you need to enjoy your life and not be just a curmudgeon saver. there isn’t a real difference in spending USD cash vs bitcoin, it is ALL lost Bitcoin opportunity.

jonnytitanx

No. It's a scam where they get you to send your funds to a wallet or device that they control. DON'T DO IT.

NiGhTShR0uD

It goes without saying, DON'T SPEAK TO ANYONE ABOUT YOUR CRYPTO PORTFOLIO. Discuss price and projects if you want to, but never discuss or confirm holdings.

partymsl

As a pretty simple rule guys... DON'T SCAN RANDOM QR CODES

Immal1

BUT HOW MAN 😔😔😔 I just want to change my life for the better BUT I DON'T HAVE INSIDER INFO

GapeJelly

Whatever THEY do, we DON'T do. Whatever they DON'T do, we DO. Checkersmate.

No-Tackle-8652

getting congested at 10 tps in 2025 is embarrassing. Ethereum, the oldest smart contract chain (which should be the slowest) averages 15 tps if you DON'T count transactions within transactions. And if you did count transactions within transactions for Ethereum it'd be averaging at least 30 tps (vs Cardano's MAX 10 tps) Even if Cardano blocks are 100% full, the chain can't generate enough fees to sustain itself through fee revenue. You can go through every single Cardano epoch and never find one where fees make up more than 5% of SPO rewards. To say scaling was completed when the chain will literally die from lack of fees if max TPS doesn't increase by 20x is such an insane lie.

hughkuhn

Reason number 784 as to why you DON'T BRAG ABOUT YOUR BAG. 🤫🤐

Mr_Moon_1987

Death by milk and honey - look it up. Wait! DON’T look it up!!

idliketoseethat

\*Stands on wooden stool twirling his hat while speaking in a loud voice to his audience... LADIES AND GENTLEMEN! I did not come here to make you laugh. I came here to sell you something. I want you to pay particular attention because the amazing Master Tool Corporation, a subsidiary of Fly By Night Industries has entrusted who , ME (points finger at audience) to show you the handiest and dandiest kitchen tool you have ever seen and DON'T YA WANTA KNOW HOW IT WORKS?!

Fun-Suspect5932

Get hardware wallet first DON'T HOLD ON EXCHANGE

dormango

Headline should be: DON’T CLICK ON LINKS

krobson17

Guy 1: dude, guess you should have bought bitcoin, it’s at $109k. Guy 2: YOU TOLD ME NOT TO BUY BITCOIN! YOU SPECIFICALLY SAID DON’T BUY BITCOIN! Guy 1: no I did not, I said I would wait until it drops

Django_McFly

*I'm going to go long. So long that if prices go up, I'll get totally wrecked.* **Wait, but in long you want the price to go up. Why would you set it up where if the dream happens, you get wrecked?** *YOU DON'T GET TO TELL ME HOW TO LIVE MY LIFE!!* Typical crypto investor's thought process.

na3than

You used generative AI to create a graph that is factually incorrect. DON'T DO THIS. Mark my words: historians will recognize this decade as the beginning of the death of information.

Federal-Rhubarb-3831

Yes, that guy is wealthy and is quite well-spoken My point is if you absolutely DON’T need to buy a house then I say don’t risk it revealing your BTC holdings to the bank

Lez0fire

with the cost of living at the moment 1 million doesn't seem enough to retire on if you live in the US, Australia, UK, Ireland, Canada, New Zeland, Luxembourg, Netherlands, Norway, Denmark, Iceland, Singapore, Hong Kong, Monaco and that's it. If you DON'T live in those countries, you can easily retire with 1 million.

Sunnnn7

Just One word: DON'T!!! If you want to buy alt coin, do it, but with other money that you can afford to loose. Don't sell BTC for altcoins. NEVER.

Sad-Boysenberry-277

Check out emperorBitcoin advices on X + learncrypto .com for the basics. DON'T INVEST NOW, as you said, you cannot fulfill your necessities, even if you invest in the good coin, you're not in a state of mind to leverage it efficiently.

hrdnox

Beginning to believe that this is exactly what the powers that be DON'T want...? It is incredibly strange that more "representatives" are not pushing very hard for answers re: Fort Knox, add to that the apparent questions about the 200k Bitcoin we were supposedly holding?? I still haven't heard a definitive answer on that mystery...you say "auditable"?? Well someone's got to have the will to DO the audit. If not it's same shit, different day in America.

drunkmax00va

You have no idea what you are talking about. Right now you already store all shitcoin data on blockchain, because they MUST be stored. By allowing no limit on OP_RETURN all those shitcoin data can be stored on OP_RETURN and those DON'T need to be stored at all

BazookaJay

"Hi, mortgage company...do you accept "feels bad" as payment for my house? You DON'T?!"

RepresentativeAct868

Great idea, I have a little more than 0.1 and I just started in December. I also started with Cash App, I ordered the Ellipal titan 2.0 cold wallet last week, it arrived a few days ago, it even came with steel plates to store my seed phrase on. It came with everything except for a microSD card adapter so I’m unable to format it to FAT32 until I get one and then I’m transferring it over. I can’t wait to get it off of Cash app. All I keep thinking is “not your keys not your crypto”. I definitely recommend the cold storage wallet I mentioned above, it’s super easy to use and has a big touch screen as well. As everyone else mentioned make sure you order yours straight from the manufacturer. DON’T try to save money ordering elsewhere. I’d also do it ASAP. I personally shouldn’t have waited as long as I did to order mine, I’m happy that I finally did though.

SergiDD

Bro, if I'm being honest, people with experience in crypto have been scammed and made bad decisions, but that's the path to learning, my friend! 💯 Always remember the guy who bought pizzas and spent a ton of Bitcoins, making them the most expensive pizzas in history! 🤯 Trust me, bro. It could have been worse! EVERY DAY IS A NEW OPPORTUNITY TO START OVER, DON'T GIVE UP! 💪🏽 Greetings from a remote corner of Spain 😉🤙🏽

BaadMike

The "DON'T SELL *any* of it just because 'life stuff happened'" is ABSOLUTELY the best advice anyone can give. Long story short, fresh out of high school, I bought into my company's employee stock purchase plan (15% of my paycheck). Received a little over $2k worth of stock after a year. I had a few "life stuff happened" moments but never touched the stock, ever. I pretended it wasn't there. I mean, what would I have done if I never bought into the plan to begin with? I dealt with my life issues as if I owned nothing. 5 years later, and my $2k in stock was now worth over $50k. Fast forward another 30 years, and you can probably imagine. I have used this philosophy most of my entire adult life, and let's just say all these new terms (diamond hands, hodl, etc.) have always been a way of life for me. If you are younger, time is on your side. Follow this person's advice and deal with your life as if you own nothing. I have seen friend after friend run into financial issues and "borrow" from their investments only to have another financial issue that needs rescuing, and the money never gets returned. Sock it away and forget you even have it. When the time comes, you will be glad you did. Just make sure you live long enough to enjoy what you saved (i.e. stay healthy). The hardest part now is actually spending money, and because I've led such a happy, fruitful, and frugal life, I don't feel the need to spend on stupid shit. At one point, I wanted to buy a boat. My dad used to say a boat is a hole in the water into which you throw money. My wife said we don't need a boat. All we need is access to a boat, so we made friends with people who have boats and offer to pay for the entire day. 100% of the fuel (for the boat and their pulling vehicle), bait, drinks, and food whenever we go out. It costs between $200 and $600 for a day on the water, which seems expensive, but I don't have to make boat payments, maintain it, buy tires for the trailer, buy a vehicle big enough to haul it, get it all insured, etc. All I do is cover the cost of the day. Let's just say I never have a hard time getting an invite to go fishing. Sorry for the long, drawn-out post. I'm just very passionate about this advice.

radiocrime

Welcome to the club, fellow Bitcoin Maxi. This is the best thing you could’ve done for your future self. Just remember to keep pouring as much garbage fiat as you can into BTC as you carry on hodling over the years because the window of sub $100k BTC is closing fast! Oh, and I’m sure you know this, but DON’T SELL *any* of it just because “life stuff happened” or you had to “fix your broken down car” etc etc! Pretend that this money doesn’t exist anymore. Put it away in cold storage and consider that money spent. I’ve been buying BTC for 8 years, and have made my own mistakes early on and see it ask the time in this sub where people just dip into their stash because of “life stuff” and they have the intention to replace it again when it dips in price, but that shit never works out man. Congrats! Stay humble and stack sats, my friend. 🙏🏻

Psychological-Break9

There is no such thing as DCA more or less depending on price. DCA is so that you DON’T change the amount you invest depending on market price. You are missing the whole point of DCA.

Shaykh_Hadi

That would be a bit of a failure tbh. You’re talking about the top this year. MAYBE we get to a top of $250k. This cycle though? No, we are going much higher before the next halving in 2028. The top you’re predicting will have nothing at all to do with Congress buying Bitcoin. That’s pre-programmed essentially and a hyperbolic top is inevitable. Last cycle we had a suppressed top thanks to China and FTX amongst others. It was supposed to go above 100k. So I’m not buying this 7 years to reach 100k narrative you’re suggesting. It took 7 years, yes, but that is due to deliberate price suppression by FTX and their subsequent collapse. Again, 2021 was a fluke. Overall, your analysis is incredibly bearish and would only happen if we DON’T get the kind of adoption you’re suggesting.

TheMajesticPrincess

Yes obviously??? Crypto for 99% of people is for speculation and not active use. There's a reason we track Web3 statistics with things like Active Wallets and Total Value Locked, instead of "smart contracts written" or "DApps Built" (because almost no one does those). If I had an asset, which I know is being outcompeted for speed, which I know has a highly volatile price movement, and you gave me the chance to sell it for nearly three times what I brought it for, I would bite your hand off and give you a blowjob. If this person had sold their $1395 ETH at over $3K, they'd have had the chance to rebuy it again this past month at basically the same price, with three times the capital they put in! I can't stress enough how rare it is to be able to buy something, make a huge gain, and then buy it for the same price as you did originally, it's basically unique to crypto. Crypto charts DON'T trade like stocks, they don't move generally upwards, or even move in business based bouncy waves (eg up when earnings are up, down when stores close), they move in huge mega spikes and then year long gutters. Even BTC isn't a neat 45 degree angle! Most small cap cryptos have a huge mega spike when they launch and then stay low basically forever afterwards (I promise you, go look at the bottom Market Caps on Coinbase)

HarmonyFlame

Rich people are rich because they DON’T think like you’re thinking actually. Essentially you’re saying to buy when “its trading” which means buy high. lol no that’s actually not how to invest.

This-Location3034

Don’t look at it for a decade. Work as little as possible during that time. Log in and cash out during the bull run in your 40s. DON’T FORGET YOUR PRIVATE KEYS 🤣

cstrovn

get this forever in your head: WE DON'T KNOW. If we knew for sure the price within even a minute that would be enough to get us billionaires.

MiracleHere

DON'T BUY EVERYTHING RIGHT AWAY! Buy 10k of bitcoin periodically as you see fit, I'd suggest you buying weekly for 4 months. That way you would avoid any risk of any crash or fluctuations that may hurt your initial investment. Study how bitcoin cold wallets work. They are the best for you and you get to truly own your bitcoins. I'd recomend you use Cake Wallet, I think it allows buying it with fiat, but any cold wallet software would work. You can also use a CEX (like Coinbase), buy bitcoin and then withdraw them to your cold wallet.

CunningStunt_1

>Cool bro you ignored all 3 of my questions YOU DON'T USE PUNCTUATION. YOU TRY AND REREAD YOUR POSTS. ABSOLUTE WALL OF WAFFLE. >Looks like you’re a complete dumbass That explains it. Your American. >I hope chainlink makes you rich tho I also will invest in it That's three times now you mentioned paying of debts or 'getting rich'. How old are you?

grey-doc

No the best use case for Bitcoin is the no-use case. Namely the storing of wealth that you DON'T want to use (or lose) across decades and generations. The more people catch on to this, the fewer sell, and the faster the price rises in a stabilizing pattern. Bitcoin is a replacement for money and the first use of money is settling debts and the second is storing the time value of work. Neither of these use cases involves point of sale transactions.