DON

EatsRats

But my retirement was based on a 8-bit image of a frog with a top hat. WHY DON’T PEOPLE SEE THE VALUE IN THIS!?

JamestotheJam

Are you nuts? It's like investing in a stock of a company who you don't know who the CEO is or what the vision will be. How can you trust someone you DON'T KNOW, with your money? It's a pyramid scheme.

mexicocitibluez

BECAUSE PEOPLE DON'T NORMALLY WALK IN A BANK AND ASK FOR 50K WITHOUT CALLING FIRST. Are you a simpleton? This dude was doing something extremely stupid (not just getting a cashiers check) so he could flex on social media. This isn't a normal thing that happens.

BoredomSurge

Just remember... DON'T SELL!

moldyjellybean

I know no one will listen but you can, just don’t buy stupid stuff. I did retire in my 30s,. I think I worked only a few year out of college parlayed my knowledge of semi conductors. I used to be in this field wrote about AMD probably 8 years ago and was buying that stock at $1.80 https://np.reddit.com/r/AMD_Stock/comments/9v1n6f/amazon_web_services_aws_pricing_amd_vs_intel/e994dka/ 4/5 years ago when NVDA was under $30 (split price) I said they really have no peer in this space and it will probably be the biggest company in the world. https://np.reddit.com/r/wallstreetbets/comments/qw9glx/im_surprised_there_isnt_more_nvda_talk_before/ https://np.reddit.com/r/wallstreetbets/comments/1bw9c8l/goldman_sachs_and_morgan_knowingly_offering_scams/ https://np.reddit.com/r/wallstreetbets/comments/1fcxevz/coreweave_the_scam_that_is_inflating_smci_and/ If I found a decent investment I’d put every bit of spare money I had to it. DON’T waste your money on consumerism. Drive an old Toyota 15+ years old but it has everything heated seats, Navi, power everything it probably runs better than new cars and I only pay liability. Don’t buy stuff, people literally throw out really nice desks, TVs, computers, workout equipment, weights at my college town every end of month and definite end of semester year. I furnished my first place all with free good stuff. Old fridge, old washer/dryer they are way better built than the new ones. Free bikes. I never really buy clothes either and when I do it’s the thrift store. No subscriptions I buy DVDs for 25 cents and watch over the air or YouTube with adblocker Nothing in my house furniture wise was bought, it was all free and it’s all really good stuff. All that money I saved in car payments/insurance, clothes furniture, subscriptions I put into AMD, NVDA, BTC etc I don’t feed these stupid subscriptions, I have a decent Toyota but I like riding my free bikes it’s great exercise and I rarely fill up the car. I think I only worked a few years ~5 years, the last few I had enough money and I’d show up 1 day a week and being financially independent I pretty much gave them the Office Space FU the 1 day I did work then in my 30s I said time was too valuable to waste working. It’s possible don’t buy stuff, the less you buy the more you can invest and if it hits. Boom you’re set no more rat race but you need a decent amount invested to make it compound to life changing money. This isn’t a brag post most people would see my 15+ yo car, my thrift store clothes and think I’m poor but I retired in my 30s and my time is all mine, no one to tell when.where to be, no alarm, I have no idea what day it is sometimes, Monday or Thursday or Saturday is all the same, just travel the world and learn.

moldyjellybean

I know no one will listen but I did retire in my 30s,. I think I worked only a few year out of college parlayed my knowledge of semi conductors. I used to be in this field wrote about AMD probably 8 years ago and was buying that stock at $1.80 https://np.reddit.com/r/AMD_Stock/comments/9v1n6f/amazon_web_services_aws_pricing_amd_vs_intel/e994dka/ 4/5 years ago when NVDA was under $30 (split price) I said they really have no peer in this space and it will probably be the biggest company in the world. https://np.reddit.com/r/wallstreetbets/comments/qw9glx/im_surprised_there_isnt_more_nvda_talk_before/ https://old.reddit.com/r/wallstreetbets/comments/1bw9c8l/goldman_sachs_and_morgan_knowingly_offering_scams/ https://www.reddit.com/r/wallstreetbets/comments/1fcxevz/coreweave_the_scam_that_is_inflating_smci_and/ If I found a decent investment I’d put every bit of spare money I had to it. DON’T waste your money on consumerism. Drive an old Toyota 15+ years old but it has everything heated seats, Navi, power everything it probably runs better than new cars and I only pay liability. Don’t buy stuff, people literally throw out really nice desks, TVs, computers, workout equipment, weights at my college town every end of month and definite end of semester year. I furnished my first place all with free good stuff. Old fridge, old washer/dryer they are way better built than the new ones. Free bikes. I never really buy clothes either and when I do it’s the thrift store. No subscriptions I buy DVDs for 25 cents and watch over the air or YouTube with adblocker Nothing in my house furniture wise was bought, it was all free and it’s all really good stuff. All that money I saved in car payments/insurance, clothes furniture, subscriptions I put into AMD, NVDA, BTC etc I don’t feed these stupid subscriptions, I have a decent Toyota but I like riding my free bikes it’s great exercise and I rarely fill up the car. I think I only worked a few years ~5 years, the last few I had enough money and I’d show up 1 day a week and being financially independent I pretty gave them the Office Space FU the 1 day I did work then in my 30s I said time was too valuable to waste working. It’s possible don’t buy stuff, the less you buy the more you can invest and if it hits. Boom you’re set no more rat race but you need a decent amount invested to make it compound to life changing money. This isn’t a brag post most people would see my 15+ yo car, my thrift store clothes and think I’m poor but I retired in my 30s and my time is all mine.

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OW1x

I guess it's humor. But just in case. YOU DON'T BELIEVE IT.

Ok-Pizza3265

Bitcoin cannot be hacked if you hold your keys. If you lose your recovery code and ledger, you lose everything. SO DON'T! In regards to devaluation of money, look no further then our own country in 1933. Devalue the currency, which raises the price of gold, (and soon btc), then in turn do a re valuation of the balance sheet to a made up figure for the future. Presto our National debt is no longer 140% of our gdp, making the debt less significant. Those that hold dollars when this happens will be broke. Do yourself a favor and go watch Mark Moss on youtube. He knows his sh*t

ElRiesgoSiempre_Vive

"Why does Fidelity have..." bitcoin? THEY FUCKING DON'T. They buy bitcoin when people buy their bitcoin ETF. They don't invest in it with their own funds at all. Why the hell is this hard to understand.

Mohammad_Noruzi

1. Trezor is good. there are other options too, which i haven't tried yet. 2. no. that email was a scam. unlike USDT, Bitcoin is not freezable/blockable. no one, including ledger, can't do shit to your Bitcoin. if that email says withdraw your Bitcoins to this wallet and shows you a bitcoin address, DON'T DO IT!!!! 3. a good cold wallet with a passphrase, so even if they managed to get your 24 word seed, they still won't be able to do shit. mind you that if you forget the passphrase, your funds will be lost forever, even if you have access to 24 word seed phrase. please learn about passphrase before using it. it's the most secure setup by far but you need to understand what you're doing.

na3than

YOU DON'T NEED TO EXPLAIN TO ME HOW BLOCK REWARDS AND THE BLOCK REWARD SUBSIDY WORK. CHECK MY COMMENT HISTORY. I KNOW WHAT I'M TALKING ABOUT. >Up to now, their compensation has been the reward of newly created coins. No, up to now their compensation has been the SUM of the block reward subsidy AND TRANSACTION FEES. You're making the common mistake of giving all the credit to the subsidy, but it has never been ALL about the subsidy. The subsidy is already 93.75% less than it was in 2009-2012, and despite that MAJOR shift in compensation, miners continue to profit and the system continues to work.

na3than

Coins not yet issued in a coinbase transaction aren't "in reserve". THEY DON'T EXIST. If you don't understand how that works I can explain it to you. I can show you EXACTLY where it happens in the Bitcoin code. You don't need to explain to me how block rewards and the block reward subsidy work. Check my comment history. I know what I'm talking about.

Tall_Run_2814

No! You're friends portfolios are crashing and their hoping suckers like you buy in to stop it. DON'T EVER TRY TO CATCH A FALLING KNIFE, YOU WILL END UP CUT. Let the market fall and find its bottom. Once it does, it'll sit there for some time. Buy then!

Volgrand

Okay, I was in the same situation some years ago. SO first question is: DO YOU NEED THIS MONEY RIGHT NOW?If the answer is "Yes": Sell now, and stop losing. It sucks, but if you need the money, accept your loses and carry on. Let's say you DON'T need the money right now. What to do? **HOLD.** I'm not a guy of "hodl" no matter what. Let me explain: Back in 2021 BTC reached 65k give or take. I sold, made profits. OH YEAH!. Then it dipped to roughly 60K, I bought again thinking (among other coins) thinking prices would keep rising... And well, they crashed. My wallets were at -80% benefit. So I decided to let it be. At the end of 2024 I started seeing some greens in my profits. And just a few months ago I sold to stablecoins, recovering my whole investment and getting profits. **SO WHAT'S MY ADVISE?** Well, I moved away from ALTs long ago. They are like chasing a golden goose. Main cryptos (BTC, ETH, XRP, ADA, etc) will certainly recover from this bear market, but it may take time. You need the money? Sell now and don't lose more. You don't need the money right now? Wait. It may recover. Or not. **Never invest money you can't afford to lose!**

Interesting-Sink-284

lol this is not how btc works. Statistically you won’t buy the bottom of any dip. Nobody knows how deep and long dip is. You need to just buy and close your eyes and hold 10Y. DON’T panic sell ever unless you have held for 10y. We are 30% down from all time high. This is good place to start buying. We will maybe go lower to 50k and stay there for 3 years or bounce from here and go to 250k nobody knows.

DiZzY_404

The crypto community is in its WORST state ever. Last time people were buzzing on platforms was when memecoins were pumping left and right and everybody was trying to scam each other. One thing I remember vividly is how at the start of the last bear market, end of 2021, it was only “BUY THE DIP!!! DON’T PAPER HAND” all the way down to 30k’s. At 48K bounce it was “we’re so back”. Since 10/10 everything is “Yeah man idk”, abysmal.

Floptacular

People DON'T pay for shit in crypto. No one should consider it a currency because it's not used as a currency, it's used as an investment. 

crazy_lolipopp

And there are still crypto "influencers" (clowns) on twitter posting "ALT SEASON IS COMING!! GLOBAL M2 MONEY SUPPLY IS EXPLODING!! QUANTITATIVE EASING IS COMING!! RATE CUTS COMING!! DON'T GET SHAKEN OUT!! 🚀🚀🚀"

teressapanic

WAIT a couple of years - DON'T SELL We've all been there

trillionSdollarstech

First it is less and decreasing, second the biggest Bitcoin mining company is bigger than 30%. https://x.com/evan_van_ness/status/1873820369376919633 : > TWO IMAGES BITCOINERS DON'T WANT YOU TO SEE > Bitcoin's centralized PoW block production versus Ethereum's decentralized PoS block production

Aware-Airport-9088

its to flush out BNB chinese bulls its bee weeks and all chinese tokens kepp spiking with BNB the DON didnt like that hehe

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Post is by: ArtisticInvestment51 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1olzi4w/i_became_a_millionaire_in_just_a_year_thanks_to/ Not here to sell you anything. Long story short: I’ve spent the last 12 months trading based on insider information(crypto,stocks) I got from a source in the dark web. The edge is real, and yes, it’s the kind of info that moves markets before headlines do. I use a clean device, no ties to personal accounts, always VPN + Tor, fresh wallets per transaction, and no emails or Discords. Zero link to my real identity. ALSO SOLID OPSEC FOR REDDIT, SO DON'T ASK ME "WHY ARE YOU ON REDDIT?" ETC. I quit my 9-5 after things started working, and I’ve been living off trading ever since. No Lambos, no flex, just a quiet, low-key life, doing what works. Go ahead. Ask me about it if you have any questions in your mind. *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.*

Angus-420

And DON’T invest in Khabib crypto, bratha! This number one bullshit.

gamezjunkie

My three words: DON'T SELL BITCOIN

curiousNava

This seems very good to me. Just consider the following: * DCA at a set time and DON'T CHANGE IT. Me: once a week, every Monday. * You just entered a bull market, consider that there will always be corrections and this shouldn't discourage you\* * Don't look at the chart, or news, things that stimulate your appetite to move your portfolio around, until the day you're supposed to make moves. Seriously, you'll have great peace of mind. * The fewer influencers you follow, the better. 3 maximum and make sure they're serious. That they combine macroeconomics and technical analysis. * \* The price doesn't matter as much as the narrative and the trend do. It's better to enter now than never. Those who wait for the correction are missing out on great opportunities. Major liquidity injection and AI in early development stage. Whether you believe it or not, this has just begun. Welcome.

glasser999

A wrench attack is always possible. You assume thieves care about your excuses. "I don't have a seed! It's in an ETF, and my broker doesn't open til Monday!" "Give me the seed." *wrench to the knee* "THERE IS NO SEED!" *wrench to the other knee* "I DON'T KNOW THE SEED! IT'S IN A SAFETY DEPOSIT BOX IN NEW HAMPSHIRE" Now you're decomposing in a dumpster because you had no seed and were a witness to your own torture.

JustStopppingBye

You do that. Ripple wasnt even invited for a very good reason, theyre irrelevant. . Chainlink won. Swift will be using chainlink to connect their legacy systems to blockchains. Chainlink are the new rails of the financial system. The FED will most likely have their own chainlink DON.

mrjune2040

Obviously DON'T dm this guy.

andys811

Send ur Wallet address because I DON'T BELIEVE YOU ool

Adept-Ad-738

If you’re not buying more, you really don’t understanding what you are buying. Can we really stop with these “I’m a 2 year old who doesn’t understand bitcoin, and I get anxious when I see it compared against FIAT” posts? The only reason you should be buying Bitcoin, is because it replaces FIAT (a CENTRALISED financial system that is inflationary / involves continuously stealing your money / which was designed to benefit the wealthy elite and control the masses), with a DECENTRALISED financial system (a financial system which has finite supply / is deflationary / creates a free market). You want to be paid in Bitcoin, you want to store your savings in Bitcoin, and you want to purchase things using Bitcoin. FIAT does not exist in a world that uses Bitcoin as its financial system. So STOP using FIAT to measure Bitcoin. Do you want to understand the difference between a decentralised / deflationary financial system? Here is the difference: A decentralised / deflationary financial system leads to a free market. Where your savings do not lose value / purchasing power over time, instead - your savings gain value / purchasing power over time. When a billionaire exists in a world which uses Bitcoin as its financial system, they can either not purchase anything (which won’t happen, because Humans have needs - i.e food), or they can spend their Bitcoin - which leads to wealth redistribution (because Bitcoin has limited supply). They cannot print Bitcoin / use their existing Bitcoin to magically create new Bitcoin. So the only way for that billionaire to regain the Bitcoin they spend is to provide VALUE to YOU. If they DON’T provide VALUE to you - over time, they will spend all their Bitcoin (wealth redistribution), and no longer be a billionaire. This is why Bitcoin / a free market / a deflationary and decentralised financial system fixes a lot of issues that were caused by a centralised financial system (FIAT)

torkildj

Hardware wallet. DON'T USE A HOT WALLET

BuyHigh_S3llLow

Although I believe bull market is potentially over and we recently hit peak. I DON'T think it will be 5 year cycles. In fact, I think it will be REVERSE. Potentially 3 year cycles. Because now that institutions are heavily involved they won't let bitcoin crash as deeply as before like 75%. Maybe 50-60% and every successful cycle after with more adoption, the crash will continue to be smaller. In each 4 year cycle so far, we have 1 bear year, 1 flat year, 1 light bull year, and 1 real bull year. With continuing adoption i think bear market will be slightly shorter given that the crash will be slightly lower and less drawn out. Flat year will also be shorter because institutions will gobble up coins on the cheap. Light bull year will also be shortened as well. So in the end it might be 3 years (9 months bear, 6 months flat, 9 month light bull, and 1 bull year).

FunnyParsnip4032

“I will try to build my cash position and just wait for the cycle end and start deploying cash into BTC when price drops below 90-80k again.” DON'T time the market, like you said, right? What if BTC never comes back to 90-80k again? You are gonna regret even more 6/7 years later. And worse, BTC may continue to 200K and you may start FOMO, and then BTC down to 90-80K, what you plan to do then?

Whole-Kaleidoscope29

Damn I started my signals group and reading this breaks my heart. I will say this however that when you get a signal DON'T BLINDLY ENTER have some common sense.

JuHustle

It always does this shit when I DON’T have cash on the sidelines

LinkMePorn69

First rule is never bet on one asset, whatever you buy. Invest only the amount you can afford to lose without getting broke. So, DON’T DO THAT💪🏻

rumi1000

This is a terrible idea. Instead, use a passphrase and back it up in steel as well but DON'T STORE IT IN THE SAME HOUSE/LOCATION. Also, put your passphrase in a password manager.

teressapanic

Look at the charts from the beginning, it always goes up. You shouldn't worry, just DON'T SELL. I was in your shoes 3 years ago and now I am fine.

cizmainbascula

Best course of action: 1. DON'T ANSWER TO ANY DMS (Although since it's in an ETF, I'm-not sure how bad can you get scammed) 2. Forget that money exist, act like it got burnt or something. Forget BTC exist. Don't check the prices, don't get emotionally involved if it dips to 5 digits. Nor if all of the sudden it's worth 2xxk. DON'T DO ANYTHING FOR AT LEAST 3-4 YEARS. Yes, you could've DCA'ed, yes you could've built a shelter for hurt puppies. It's all gone now. Move on with your life for a bit. Check the second chart here: [https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/](https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/) Or this Long term power law: [https://charts.bitbo.io/long-term-power-law/](https://charts.bitbo.io/long-term-power-law/) this is to give you an estimation of what it's possible based on the historical prices. And by no means it's a guarantee but it should filter out the noise.

wh977oqej9

You made a right decision, but it would be wiser to invest such an amount through DCA method - for both BTC and ACWI. I would divide whole 400k into let say 8 parts and be buying both ETFs every 3 months for 2 years. But you are still somehow young and in 15-20 years you will be fine. Just DON'T SELL in any cirumstance when there will be the dip, even if you will be scared.

pablox43

Right. But in the crypto world, a lot of Bitcoin people branded premine or whatever name you want to call it as a scam. For them, Bitcoin is the ONLY thing that matters. Smart contracts, Defi, decentralized identity, decentralized voting, proof of stake, sharding, etc. etc. etc. etc. For them, all the things mentioned before, DON'T MATTER. Unless is built on Bitcoin. So, having such a small brain is truly incredible.

cockypock_aioli

You gotta be such a loser to be a member of a social interest group based around something you DON'T like.

memegalerie

Hey cofounder of lendasat here - a bitcoin backed loan company. And I'm telling you with my heart: DON'T. It sounds like you're far away from the customerbase this product is meant for. Judging based on your text you are more FOMOED than actually strategic here - this is where people get burned and see their networth plummet. DCA - we will certainly see a bearmarket in a year that might put prices to the levels their at rn. Our customers usually take loans because they don't want to sell their existing stack and taking a loan if you need liquidity is definitly better than selling your btc if you can also repay the loan with your salary / other liquid assets - but in your instance here this is nothing else than buying a sportsbet and hoping it doesn't go bonkers.

Escapement_Watch

number 1 rule in btc now is DON'T TALK AOBUT BTC. It has already reached a point where it is inevitable. betting against btc now is like betting against the internet in 1995. So you only hurt yourself to talk about it. It will eventually hit 1mill then 2 then 100m etc. no need to push it onto anyone. no need to talk about it. just let it cook. You only make it harder to stack for yourself if you try to push it. Bitcoin has already MADE IT. just stop talking about it to others.

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.