DON

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.

Expert-Detective-525

Yeh, DON'T BE EARLY, BE RIGHT. Get in a proper project that builds and don't just bounce from phase to phase. You will unfortunately get wrecked 9/10 times

RonPaulWasR1ght

That's called leverage. Bad idea. For one simple reason - what if the price of Bitcoin drops faster than you can repay the loan, and the lender demands additional collateral or they will sell your Bitcoin? You lose control over your assets and future. DON'T. DO. THAT. Sell the Bitcoin, raise the needed cash. Get back in when ready/able. Don't take chances.

Analystic_Dan

⚠️ SCAMMER ALERT ⚠️ This link is not the true link of MEXC. DON’T CLICK ‼️

Enough-Essay5393

I always had my doubts about this because I believed that if it was THIS easy to make THIS much money, then most people would be rich. But for the past 6-8 months, people I work with have been trading with CBEX and PCX and actually MAKING a profit. So now I just said f'it and I invested in NT Mdi. And tonight, word on the block is, that the platform no longer exists. Listen guys, I put my entire life savings into this, which means odds are, this is the last post I will ever make in my life. This world can be kind and cruel. And when one doesn't happen, it indulges the other. If I'm going out, then I'm going out my own way. For whoever is reading this, my parting advice is, never forget the NUMBER 1 rule in crypto. "DON'T INVEST WHAT YOU CAN'T AFGORD TO LOSE.!!!"

owa00

Manufacturing isn't coming back to the US, and people just need to accept that. The only way it comes back if it's HEAVILY subsidized by the government, and that's not necessarily a bad thing for certain things related to national security. The thing is you're not going to beat out China/Japan/Korea's manufacturing infrastructure or logistics. Semiconductor is a lost cause unless the US invests something like a trillion dollars to rebuild the semi-infrastructure. I've worked in semi and chemical manufacturing so I'm a bit more tuned into those supply chains and manufacturing needs. You also DON'T want certain industries in this country. Some of the semiconductor raw materials and industries are VERY nasty. There's a reason we let China poison their land so we don't have to fuck up ours. You're also not going to beat their low cost of labor. The only way for us to decrease those costs is to cut regulation and just accept that we're going to poison our country and kill way more people in industry. If that's the kind of manufacturing you want into the US then sure, go nuts on tarrifs just make sure you have a good healthcare system to account for your black lung and cancer...oh wait...

Ok_Score9113

What I like to do for everything I’ve always bought, be it stocks or bitcoin, is weighted DCA. Meaning I’m always buying regularly but I adjust the amount based on how far it is from its high. When something keeps making ATHs, I’m just buying the bare minimum every day / week / month. When it’s, say 10% or more from the high, I’m doing a little more etc. Those bits that I DON’T invest when we’re nearer to the highs, I keep aside in cash for buying when prices fall. I find it gives me great peace of mind because I know I’m never going to miss a crash but I’m also going to ride the waves up too

Nyanzerfaust

It's one of the best hot wallets out there but DON'T keep you funds there. I use it for small payments or transfers but that's all. Get a cold wallet with a new seed asap.

oOSchwippiOo

At this point, I am asking what language we are speaking. IF YOU DON'T UNDERSTAND PLEASE go to the ...

radiocrime

The spread on strike is much, much better. (If you buy at $80,000 on Coinbase, the spread will be around $1,000+ which means you get your coins at $81,000+, if you buy from Strike, the spread is $200-$300 so you’ll get your coins at $80,200). Also, if you choose to DCA, (dollar cost average, where you set up recurring auto-buys for whatever amount once a day, or once a week, it once a month, or whatever), after the first week there are no fees charged to you. If you just buy whenever you decide you want to buy, the fee structure is a lot better. Also, if you are moving your bitcoin off exchange and into cold storage (which is ABSOLUTELY what you should be doing, never keep your bitcoin on an exchange!) then there is a free transfer option so that you don’t have to pay a transaction fee (as long as you’re cool waiting up to 24 hours for the transaction to go through). So yeah, sorry about the long, wordy reply, but I love Strike, I love their company and their founder is really cool and super intelligent. You should watch interviews with him. He’ll teach you so much about bitcoin just by listening to him talk about it. His name is Jack Mallers. You should look him up. Long story short: buy a cold storage wallet (I use a Trezor Safe 5), learn about self custody, create an account at strike, stack sats and stay humble! Oh, and DON’T SELL! This is not a “get rich quick” scheme, this is a fundamental change in his money works and is truly the future of money. Hold this asset for at least 5 years, preferably longer, and you WILL become wealthy. Your future self will thank you.

bodog9696

Why do crypto communities continually preach "HODL/DON'T SELL" to others invested in the same asset? If an individual chooses to HODL & "NOT SELL", that's the individual's prerogative. Why does any individual care what others opt to do with their assets?! In my experience, it's unique to cryptocurrency. I never see TSLA or AAPL shareholders concerned with how others manage their shares.

PhillyNJMusicMan

Overall, since 2010, It topped off at $1800-1900 around 2011 and, after dipping for YEARS, took nearly a whole decade just to get back in that neighborhood again. It's only been the last couple years that it's actually started performing the way it should've been that entire time as an asset. The reason for all of that is the paper gold on portfolios, uncertainty of the actual supply, and the fact that all makes it so easy to manipulate price wise. Do I prefer physical gold? Absolutely, if I were going to own it, but the sad part is that the paper gold and manipulation to the quoted supply/price hurts gold regardless of whether you own it just on a portfolio or physically. I think it's also been manipulated even more recently by the banks just to stay higher than Bitcoin, so, for all of those reasons... I DON'T TRUST GOLD ANYMORE. With Bitcoin and Real Estate, I see no reason to have gold. It's the inferior asset of those 3, in my opinion. If you own all 3 is that a bad thing? Nahh of course not, but you better own Bitcoin and/or real estate first if you're smart.

mrestiaux

Guy none of us know lmao. It’s hilarious when people come in here and ask “How much money will I make?”. Bitcoin isn’t about making money quickly. It was at one point but not anymore. It’s a long term investment that you should only buy into if you believe in it. It’s volatile as fuck, and none of us truly know how high or low it goes. Set a DCA plan, start buying, and try not to stare at the price. Also, DON’T SELL! If you ask Saylor though, Bitcoin will be at a million in the next 10 years.

Vassago_21

Basically write a small book with a very detailed list of instructions on how to handle the bitcoin and explanations of the basics in as clear text as you can with as simple text as possible without oversimplifying. It should have warnings like "DO NOT SHARE SEED PHRASE WITH ANYONE YOU DON'T 10000% TRUST" and "BE CAREFUL WHO YOU SEND IT TO AND DO YOUR RESEARCH BEFORE SENDING" at the very start so they won't try to do that while looking for answers. It should also have a list of contacts for people who you FULLY trust to help your family deal with the bitcoin when you die. If no such persons exist, then instead make a set of rules for asking advice from forums (stuff like "don't share seed/private key", "be wary of tricks" and "reveal only strictly necessary info"). Put the last word of your seed phrase in an envelope that is given to your heir according to your will. The rest of the seed phrase should be in a safe along with the book of instructions. The keys of which only your heir and you have. This guarantees it's fully secure until the time is right. At least that's what I'd do in your position.

hiyallitsme

Remember to stay safe and VERIFY, DON’T TRUST!

Left_Fisherman_920

Seems everyone on BTC sub under 30 jumps at any excitement and posts. We already know adoption is coming. We already know the price will be in the 6 digits. We already know it’s supposed to replace fiat or be a store of asset. We already know layers and nodes and all that hoopla. It’s priced in. Tell us something we DON’T know.

SmoothGoing

DON'T send it someone else. Send to yourself and there is no lie.

skillmattic

WE DON'T GAMBLE, WE WORK...FOR OUR BAGS! Inevitably we will rise to the top! LFG!

HODL_monk

I'm not sure how this coin 'hedges freedom', in fact, I'm not sure what it does (as a crypto) at all, besides being a non-IPO IPO that lets a corporation dump its free pile of coin on retail, but gives 0 rights to the 'shareholders'. I suppose if I owned it, it might make sense to wait for a pump to dump it, but I DON'T see the rationale for buying it in the first place, unless you got an airdrop or something. It just has ZERO actual use case, and despite all the lying press releases, literally no one actually uses it for anything, besides fund raising, or pretending to test it for some future use that never happens.

Blkout50

Oh yeah they can! BTC was designed to be decentralized, that means DON’T let the Government control it. Once they get their tentacles in, it is all over!

Excellent_Diamond319

THEY DON’T KNOW SHIT, just hold and accumulate my guy

etherd0t

There was a study, people are more inclined to: HOLD onto hypothetical gains they DON'T have. and GIVE upon actual holdings they DO have. So that explains why TP on bullish trend is harder than selling-off on a bear trend, i.e. greed and fear

etherd0t

There was a study, people are more inclined to: HOLD on hypothetical gains they DON'T have. than GIVE upon actual holdings they DO have. So that explains why TP on bullish trend is harder than selling-off on a bear trend, i.e. hope vs fear

Gammataichi

For starters, DON’T TELL ANYONE, anything about the amount of money you have, not even the people you know irl (friends, family, etc.). Definitely seek a financial advisor so that you can manage having a lot of money. Don’t buy flashy items or flex on social media. Buy a new place to live (or pretend to struggle until you find a better job) and eat quality food.

KSims1868

Yes, it was a dating app. And now that I’m reading and looking more into it, I’m understanding that I was about to fall victim to a scam. I’m just glad I felt that twinge at the back of my neck telling me NO…DON’T do it!!

Dunglebat

GUYS I DON’t know WHAT TO DO EVERYBODY HATES ME AND I LOVE BITCOIN

PressureSouthern9233

I DON’T KNOW is what it should say on Trump’s red hat.

EyeofOscar

Well you're preaching to the choir, I don't think highly of BTC day traders. They actually DON'T like or value Bitcoin as a serious asset, otherwise they wouldn't use it just for their shitty gambles. Hodlers are the only ones to understand BTC. In the end everyone will get BTC for the price they deserve.

Anonymoushipopotomus

Billionaires do not get to be billionaires by doing things the right way. They are going to do everything they can to maximize their profits, and regulation is a joke. They DON’T even want regulations on our fucking drinking water. This is further going to reduce confidence in crypto and induce instability.

1acht7

I wonder what the YouTube influencers (idiots) are saying now? After all their hype "to the moon" or "guys get ready big things after coming" or 'bullmarket" or "crypto president" BULLSHIT! BUNCH OF CLOWNS THAT DON'T KNOW SHIT. Then desperate people buy these idiots courses. So messed up. (no I did not and never will and wish everyone would stop supporting these clowns)

sushnagege

YOU DON’T GET IT AND YOU ARE SO VERY WRONG. Here’s why: The concerns about Bitcoin’s future once the block reward reaches zero misunderstand how Bitcoin’s mechanics work. The transition from mining rewards to transaction fees has been anticipated and is built into Bitcoin’s design. As demand for Bitcoin increases, so does the need for block space, which will drive transaction fees higher. Miners will continue to be incentivized to secure the network because the value of Bitcoin itself will rise as more people adopt it, increasing the overall transaction volume. Additionally, Bitcoin’s difficulty adjustment mechanism ensures that as the number of miners decreases, the difficulty of mining also adjusts downward, keeping the network secure. This process has been in place since Bitcoin’s creation and ensures that the system remains resilient even when fewer miners participate. Concerns about security and centralization are based on the assumption that demand for Bitcoin will not increase, which is highly unlikely. As institutional adoption grows and more people transact in Bitcoin, the demand for space on the blockchain will increase, keeping miners engaged. The decentralized nature of Bitcoin, its global infrastructure, and the expanding use cases will continue to make it resistant to centralization attempts. Finally, Bitcoin is adaptable. Its open-source nature means that it can evolve with the times, and scaling solutions like the Lightning Network are already being implemented to help Bitcoin handle a higher transaction load. Bitcoin isn’t static, and its design ensures it will thrive long-term, even as the block reward decreases. The idea of a “security death spiral” ignores the fact that Bitcoin’s scarcity, decentralized security, and growing adoption will continue to drive demand and keep miners incentivized to secure the network.

Cats7204

DON'T go all in on it, you're doing fine, keep stacking sats, keep getting more SP500 shares, and you'll be good. Not a financial expert but I really wouldn't go higher than a 50/50 distribution.

DUZZIARROI_THE_BLACK

Two words for you-Cash flow.... If I were you I will keep DCA during this downturn. Yes the downturn can lasts for probably 3-6 months but you better DCA now rather than being a pu.ssy and did nothing. Next,stick to long term investing, Bitcoin should be 80% and above of your crypto portfolio. And I won't be so unwise to go for crypto portfolio only,must have some stock ETF, dividend ETF,bond,gold,etc. DON'T USE LEVERAGE,as long as you don't use leverage you have nothing to fear of. For now living below your means.

developer_mamba

But see please this is where I'm confused, and as Michael Saylor said, you'll never stop learning about Bitcoin. The thing I don't understand, is **how would I even buy those 2 houses?** And again to anyone who sees this comment, **I AM NOT TRYING TO SEEM UNGRATEFUL. I'm blessed to have a good job and family and health and everything** but with my DCA and extreme investments in bitcoin, say I make 200k a year on paper (I don't, but let's just say I do), after the year is only after paying bills and saving this is what the end of the year likely looks like: Bitcoin: 160k Rest to My Self: 20k (These numbers are wrong but just putting into perspective what I've been doing and why 90% of my net worth is bitcoin) Yeah I could def buy those things with bitcoin, but it's an oxymoron because everyone keeps saying "DON'T SELL THE BITCOIN". And even if say in the future houses can now be exchanged for bitcoin, I think I've been mislead to believe you should never even move the bitcoin. It's like why is MicroStrategy buying all the bitcoin they have if they never plan to use it for anything?

developer_mamba

It's not that I'm whining because truth be told I'm truly grateful to even be in this position. It's really more so just a state of confusion that I've been having with what the end goal for not only myself but other bitcoin maxis as well. Everyone says "DON'T SELL BITCOIN" no matter what, but if that's the case... why keep it? Because the way I see it is that people are buying it to just borrow against it similar to billionaires with their stocks, but then someone else incurs the debt that's owed. Correct me if I'm wrong please because I am open to learning

sks143

No, they flood the market with noise and shitcoins so people DON’T invest in Bitcoin. Bitcoin can’t be centralized. Can’t you see the current system is failing. Bitcoin is the alternative.

Heatsincebirth

In six months every one of these trades will be in profit, perhaps waaayyy up... Don't worry. At least you are buying. DON'T SELL, HODL!

HowBoutDemCowboys88

From my experience, if you can afford to lose that money DON’T SELL. Welcome to the world of cryptocurrency.

wBeeze

I've always been in this crypto space for the long game. Each cycle, the big dogs move up, then back down a bit... Goes dormant for an uncertain amount of time, then boom sparks back to life. If it's time to stop checking everyday, then so be it. It gets said all the time but there are always people who think the rules don't apply to them... DON'T PUT MONEY IN CRYPTO THAT YOU AREN'T PREPARED TO LOSE.

EyeofOscar

- Jealousy: they secretely wish they had been in on it in 2011 despite what they claim - Ignorance: They know nothing about what is bitcoin, how it works, why it's valuable. They just think of it as gamble video game money for crime because media says so. - Love for domestication: believe it or not a lot of humans DON'T want to be free because they don't trust themselves to decide what the right thing to do will be. The fact they are given a frame by their central bank, even if it means impoverishment in the long run is comforting for them. Inflate me harder daddy

bigmikey69er

Oh, DON’T give strangers from the internet access to my wallet, I’ve had this all wrong the whole time. Thanks!

SleepyLizard22

it must be just coincidence price drop after cme open lmao. BUT BRO CRYPTO HAVE HIGHER VOLUME WE DON'T CARE AMERICAN MARKET CRYPTO BEST LMAO my ass

tldrthestoryofmylife

AIN'T NO PARTY LIKE A CARDANO PARTY 'CUZ A CARDANO PARTY DON'T STOP [and incur downtime]

ElonaMusk212

Let me be as clear as possible: River does NOT want your bitcoin!!!!! They encourage self custody! Im sure they would like you to buy your bitcoin through them....but they DON'T want to hold it! \*\*Good prices btw...no recurring purchase fees\*\*\*

bingbingMMapple

Don’t have time to read every response. But.. the correct answer, which I hope some others have responded similarly, is to do nothing. You wait, you study Bitcoin, you study the history of money, you enjoy life, you learn, you laugh, you love. What you DON’T do, is sell your Bitcoin. Congratulations are in order, sir! You officially have a fuckton more Bitcoin than some multi-millionaire who has zero Bitcoin. You are in the lead!

Designer_Speech8942

I would recommend splitting your BTC up and putting it into multiple cold wallets if you are going to hold it for 5+ years. If you buy a Tangem or Ledger, to maximize security, buy it directly from the company’s website and avoid third-party sellers like Amazon or eBay. The peace of mind is worth the extra few bucks you’ll spend. Learn about seed phrases (DON’T type/save them on your computer) and get a safe deposit box. Good luck!

DBRiMatt

Maybe set a Calender alert for 6 months saying "DON'T DO IT"... xD

MSTR_Baeten

What do you honestly think will happen when all of China’s aging workforce retires and they don’t (THEY DON’T) have the young people to replace that gap? 20% of China’s population will be retiring in the next decade. 300 million people. Youth unemployment at record high levels (and yes that includes sweatshop work). Lmfao. They will be the first country to feel the brunt of lower replacement levels MMW

Business_Accident576

First and foremost, welcome to the roller coaster Five golden rules of crypto investment Rule 1 >> invest nothing that you're not willing to lose Imagine this: somebody offers you a million dollars to cut off one of your legs; you get to choose which one! Don't accept the PROMISE of a million, if you DON'T FEEL HAPPY about choosing which leg will be cut off Rule 2 >> don't be fooled by the hype a few become millionaires overnight because millions lose their legs gambling for the millions Rule 3 >> set out a plan, and stick to it Investment is like brushing your teeth; you do it for the future, when you're old and grey, you keep doing it twice a day, forever, NOT JUST ONE DAY! It requires patience, discipline, conviction Rule 4 >> do as much research as your can Listen to everyone, believe no-one (not even me); Rule 5 >> don't be daft (DBD) EGO & GREED = guaranteed failure - easy does it best In time, from small seeds, grow tall trees God luck 🤞

Oddworld777

That’s literally the point. So Again, I think the point of DCA is being missed. The point of using DCA is BECAUSE you don’t know what it’s going to be in November or at any time for that matter. Your first and second point are akin to timing the market. If your risk appetite dictates that is your strategy then that’s fine, but in no way does that invalidate DCA. Your point beginning “it’s illogical to think…” is off target again because you’re whiffing on where I directly said to extrapolate over a year. If you need me to do a full year example to help, then just ask and I can take the time to example out a year on a month or week basis. “You buy it, it can crash. OR You buy it, it rockets.” Yes. Again. That’s literally the point of a risk mitigation strategy. You DON’T know what’s going to happen. If you’re risk aggressive, fine gamble and buy all at once and try to time the market. If you’re risk averse or risk moderate, you use a risk mitigation strategy. If you buy your entire bag at a high and it crashes then your losses are all from that single high. If you bought bits over a full year of price points then your losses are less exposed to market volatility because you have a stepped basis that averages to a lower amount than getting in on a high. The inverse is also true. If you take a gamble and time it right and buy at a low and it rockets then great, all your gains are from that low and inherently higher. If you DCA over a full year of price points then your gains may not be as high because you have a stepped basis that averages to the average over the year. But you didn’t have to take on excessive risk. The entire point is that you DONT know what’s going to happen so if you buy incrementally over the period then you mitigate losses if it crashes at the sacrifice of higher gains if it rockets. You buy over multiple instances so you aren’t worrying about timing the market. Your average cost will approximate the assets average cost over the same time period (with a margin dependent on the period recurrence of your purchase). To review: The strategy you’re implying is: You buy six widgets at $5K Because You thought it was worth it, but you inherently don’t know what will happen. It goes up to $10K? Congrats your gamble paid off and your net gain is $30K. It goes down to $1K? Oooh ouch, your gamble was wrong. Your net loss is $24K. DCA to risk mitigate: You buy the equivalent of 6 widgets over the course of a year. Ex1 - my Unit cost average comes out higher than you buying at $5K. My unit cost average is $6K: It went up to $10K? Amazing. My net gain is $24k. It dropped to $1K? Ouch. My net loss is $30K. Ex2 - My unit cost average comes out lower than you buying at $5K. My unit cost average is $3K. It went up to $10k? Great. My net gain is $42K. It dropped to $1K? Ouch, but My net loss is only $12K. It insulated from more drastic losses at the expense of higher gains. The secondary advantage is, assuming we both hold till YE, you are locked at $5K/widget no matter what happens. I can continually watch market trends and decide to keep buying (dilute my per unit weight) or stop buying at any point (hold an average cost I’m comfortable with). Given, you or I could choose to sell at any point, but then we’re talking about different horizons which I already mentioned above. Look, I’m honestly trying to help you understand at this point. I deal with risk, MTM, derivative valuation, and unrealized G/L literally as part of my profession. I’m happy to answer any question, but you just saying DCA is just because people don’t have money to buy a coin is obtuse and reductive.

Void_Sloth

I already answered the question, you just don't know how to read. THEY DON'T NEED TO BEAT ESCROW. They can sell all their holdings in 55 months if don't understand that is to short a time period then to are a moron.

kirtash93

If you want to be rich, inverse r/cc. Financial advice: DON'T buy MOON and DONUT

BitBoyX

Now they just need to say, "BUT DON'T FORGET TO SELL AGAIN ON WEDNESDAY" and everyone is rich.😂

Scarab702

It's riskier to watch from the sidelines not investing and saving in BTC than to be invested in BTC, even if you are 100% invested. You're doing the right thing just be prepared to see your net worth drop but DON'T SELL at a loss! Have a low time preference and you will be great.

Forward-Budget-1980

Late 2021 early 2022 bitcoin was in the upper $60,000s, and all of the media was saying the bull run would never end… It was down to $30Ks in the spring, $20K by June… by February 2023 it was about $16K… It follows a 4 year cycle… If it plays out the same as it has been for a while now, that crash could start from sometime late this year to somewhere in the first month of next year (give or take a month)… We have seen other sectors follow a cycle of bear markets, to bull runs, to crashes back to bear in a somewhat consistent time frame then experience some sort of catalyst, change, or reach maturity then break out of that cycle to run up for decades. It might be more likely than not that BTC and crypto does the same at some point. I would imagine that a major catalyst would be pro-crypto regulatory changes in the U.S. that might lead to that bull-run that just keeps on going. That said, we’re already in the home stretch of the bull run and just at the beginning of this administration, with a lot of things already in motion, not to mention some serious uncertainty with threats of tariffs and all these other factors before any of those regulatory changes have taken place, and the impacts of major changes may take a while to be seen… So I’m 99% certain there will be a crash again. And this is what I hear from crypto experts I believe to be reliable sources. The pattern has consistently been that each cycle, the very bottom of the 4 year cycle is higher than the bottom of the previous 4 year cycle, and the very top of the cycle is higher than the previous top of the cycle (higher lows and higher highs every 4 year). So it would quite possibly still work out and be super beneficial in the long run to have all of your money in Bitcoin as long as you aren’t reckless spenders… That said… if you start this process now? Where we currently are in the cycle? This cycle might go to $150K-$250K if the regulation changes do manage to have some positive impact. I’m 99% positive it won’t be enough to avoid another crash, but MAYBE enough for $BTC to break $200K. If you switch all to Bitcoin, your moving what you have over at ~$100K BTC, then however often you get paid, your moving it into Bitcoin, paying for it while it’s at $100K, $110K, $125K, $150K, $200K… Then the crash happens… Previous low was ~$15K, and it’ll be higher then that, but there are a lot of areas of support it may land on that are way lower, but still above $15K. Last cycle, Bitcoin fell 75%-80%… I think it will at least drop 60% this time. So after buying it with all of your income and all you have, from $100K to $200K, then Bitcoin drops down to $30K-$80K??? If you have plenty to your name? That may not be an issue and you’ll see the rewards next bull run. Otherwise I would wait to start moving your money over after it crashes at lease 40-50%, and into the bear market, or even just wait until the beginning of 2027. That way your average purchasing price will start as low as possible. Or you could even do that for now, start moving back to cash piece by piece after BTC passes $150K or $175K, or whatever you’re willing to push your risk to… Then hold until well into the crash, and start all in down near bottom. EXTRA DETAILS: DON’T LISTEN TO MAINSTREAM MEDIA OR JUST ANY “CRYPTO EXPERT” ON YOUTUBE… During and just after the crash, mainstream media will be talking about it like it’s the apocalypse… Crypto’s a sham… Etc… Bear market is when you will hear the least about crypto from mainstream media… At the end of the apocalyptic coverage, into when no one is saying anything about it is the best time to purchase if you are a cyclical investor… This is when all the institutional investors will be buying heavily… When the bull market first starts, the news mentions it more here and there and it’s still good buying times… By the end of the bull run, media will be shouting “don’t miss out! You’ll never have this chance again! Prices won’t come back down!” Which is when the institutional investors are just waiting for new buyers to pump the prices up further before pulling the rug out from under them which starts the crash… So just be aware, you’ll see a point where “crypto experts” start jumping in telling everybody “yes, that coin you just bought after it’s already done 100x in the prior month definitely is going make you rich because you’re so smart!” because people love the confirmation bias (they’ll boo anyone warning them about what’s going to actually happen)… Mainstream media will tell you it’s not going to end and you’re missing out if you don’t buy, which is to help institutional investors… DONT BUY THAT! If Bitcoin is at $200K or something like that, and you need to not have all of your liquid assets drop by 60-80%, then that’ll be time to move some of it out of BTC… Sorry for the ramble… These are just the things I wish I had gotten through my head first go around…

Particular_Lab_151

In 5 mins ETH will be above 2700$, I DON'T HAVE 5 MINS

Goodness_Beast

Adding an extra word you mentioned is called "passphrase" and yes, it's an additional step of security to safeguard your coin. But what you said before that is incorrect about "knowing what wallet". If someone find your seed words and you DON'T have passphrase, your coins are essentially gone.

Racecarlock

It's almost like a bunch of people have been indirectly but intentionally trained to "buy the dip" and "prove the haters wrong", thereby creating an endless supply of pumps and bubbles. Which, you know, doesn't mean you DON'T make money on it, but I'm betting those exchanges really enjoy the influx of GAS fees when that happens. What's the old casino saying? "The house always wins." Anyways, have fun at the poker table. Despite my cynicism, I hope you do win and cash out big. I never enjoy hearing about people getting ripped off.

1of21million

no, it's the game theory of it, the genie is already out of the bottle. if they DON'T create an SBR China and every other country that adopts will be enriched while USA falls behind.

Legitimate_Cry_5194

DON'T sell alts now. You don't sell alts at a 4 year BTC dominance peak. I am a BTC maxi, which imo is the last destination of a serious crypto investor, but alts will recover and they will eat away some of BTC's dominance. The way this cycle is unfolding I don't think there will be a full blown crazy altseason like previous cycles and although i believe BTC's dominance will reach the mid 40's, i don't see it going lower than that. But still, all alts are severely undervalued and oversold right now and they will not stay in those low levels for long.

MisterRobertParr

Anything Trump or Musk does that just happens to benefit you too, is just a coincidence. Don and Elon do only what's best for them, and their cronies. *THEY DON'T REALLY CARE ABOUT YOU.*

Sundance37

And that is actually fine. I don’t want the next evolution to come from banks anyways. If they want to provide security for a fee, they should be able to charge for that. In return, we get an even larger pool of the population that is even more risk averse a chance to gain exposure to the asset. And we can gain another giant leap into mainstream. When bitcoin becomes popular even for people that DON’T believe the philosophy, that still won’t change the actual philosophy. The best part about Bitcoin is that greed is the ultimate educator.

gameison007

Maybe I'm wrong here, BUT MY CONCERN WOULD BE THAT IF TRUMP DOES GET A NATIONAL RESERVE OF BITCOIN THE ONLY WAY HE CAN GET HIS HANDS ON IT IS WHEN PEOPLE SELL IT AND THEY HAVE TO PAY CAPITAL GAINS TAXES ON IT AND THAT HE WOULD PROBABLY INCREASE THE CAPITAL GAINS TAX ON IT. I DON'T TRUST TRUMP 🧐🤔

analyticnomad1

Dude you link isn't proof of anything. No one knows the future. NO ONE KNOWS THE FUTURE. For every link saying one thing there are 100 saying the opposite. Make your own moves. That's the only way. "And your opinion on Elon Musk fucking with the US Treasury?" Again, I DON'TGIVE A FUCK. It's YOU who gets scared at everything. Not me. I didn't care about narrative when Biden was asleep at the wheel, and I don't give a fuck now. You are a sheep. Stop being a sheep. Fuck.

radiocrime

That window is closing FAST… Stack as hard and as fast as you possibly can. The window for sub $100k bitcoin is rapidly closing. We may go into a bear market in the next year or two, but it may be a lot more mild than other bear markets due to a lot of factors, but either way, DON’T SELL! Stack as much as you can, as fast as you can, because you can see how scarce the asset is becoming, and people smarter than you or me are buying this stuff WEEKLY by the billions, so eventually that price is going to go nuts. Don’t worry about anyone else’s stack, don’t stop buying once you reach a “goal”, rather, think of it as trading your old shitty money for fantastically valuable money that will make you wealthier than you can imagine. All you have to do is keep buying, transfer it into self custody (a hardware wallet; DO NOT hold on an exchange!) and DON’T SELL… Your future self is going to thank you. Enjoy the ride, my friend! 🙏🏻

gameison007

All I can say is governments always get a cut of EVERYTHING and I mean everything. You spend $10 at Walmart you get taxed 10%,, you cash in some Bitcoin you then get slammed with capital gains taxes. MAYBE I'M WRONG BUT I WOULDN'T PUT IT PAST TRUMP TO INCREASE THE CAPITAL GAINS TAXES ON CRYPTO. And then he will use that tax money for his own damn greedy agenda. I JUST DON'T TRUST HIM 😤

canada11235813

Right, that's the usual response. Now, given that you inherently trust Bitcoin's encryption, can you explain to me why you wouldn't trust iCloud encryption, Notes encryption, Excel encryption? In this simple example, you'd tell me Bitcoin is uncrackable. If so, my version is uncrackable cubed. Everyone says DON'T STORE IT IN DIGITAL FORM but, why not if it's far safer than Bitcoin itself? Anyone that can crack through my infrastructure could much more easily just decrypt the private key from my public key.

canada11235813

Everyone says DON'T DO IT, but I don't see any counterarguments. Even if you could get your hands on the file, it'd take billions of years to crack. Billions squared, in my particular case. I have one of those metal-engraving things... it's still sitting here, unused... because I was thinking ahead... to whom would I trust it? It'll wind up in some desk drawer, where some grandkid will find it and take it to school for show and tell or who knows what. How is a physical object outside of my control anywhere near as safe? The wallet has a passphrase, of course. To be honest, that on its own is probably good enough. The passphrase is only used if the wallet.dat is damaged or gone. I'm looking at all these people in CA that lost their BTC in the fires; they had backups and off-site backups, and all of it went up in flames.

AdamFitri2005

Whatever you do, DON'T LEVERAGE TRADE EVER

aFungible

You have a few options (NO FINANCIAL ADVICE). From least risky to most risky: 1. Make monthly payments to mortgage by liquidating your bitcoin (instead of all at once). This will make you pay mortgage and also enjoy any upside, while smoothing out any downside. 2. Liquidate 1.5 bitcoin to pay your mortgage. 3. Take a partial loan on bitcoin to pay off mortage (note, your debt shifts to bitcoin mortgage). DON'T TRUST any centralized entity for loans. Many are scams. Decentralized loans may be more trustworthy, but you need to well understand how this works. Sorry for your loss, and good luck.

Carampolo

PLEASE DON'T KEEP YOUR STACK ON COINBASE. Just use it if you want to sell a part.

Generationhodl

"To double the current price, it won't take double the money invested in the market to reach it." That is true but it depends on some factors. IF (big IF) the supply gets lower and people DON'T sell, then yes, you can reach higher prices with much lower money invested. When bitcoin starts climbing new highs, like 120k, 130k and more, there will be a lot of new sellers who want to sell there. So the amount left on exchanges could suddenly increase again and people start selling , new coins coming out of cold storage and get moved to exchanges, creating selling pressure and the price will hold or fall down. I just want to be realistic here, I'm totally positive and sure that bitcoin WILL reach 500k and 1 Million in the future, but saying it will reach these numbers in a timeframe of 1-4 years is just crazy. If I would be REALLY REALLY bullish, then 400k in 2029 maybe. But I guess time will tell, and this time I really say I wish to be wrong, ofc, but I suspect that we won't see much higher numbers than around 200k this bull run. the only way I would see a 500k-1Mil Bitcoin in a timeframe of 1-4 years would be real REAL FOMO from several big nations starting to buy bitcoin in a huuuge way, and I just don't see that coming so fast. Yes USA will buy bitcoin, but probably for a few million, just like some other countries. right now I just don't see states suddenly buying BILLIONS of Bitcoin (in $ terms) out of FOMO.

DellaMorte_X

It IS public. It is OLD news. YOU DON’T EVEN KNOW WHOM YOUR OWN SATOSHI IS!!!! When are they gonna dump their coins? This post and others like it are en embarrassment to humanity.

MorePower1337

>If alts were not intended to be decentralized money, they wouldn't need a value for their tokens, and wouldn't be listed on exchanges. They wouldn't be used for defi casinos or rugpull meme coins, or as centralized ledgers.  Wrong, again, you don't know enough to be talking so confidently. If they're a gas token for CCIP or Oracles that bring data onchain, they will have a value due to demand for them as the only way to pay node operators in the DON. As great as it is, Bitcoin cannot do anything like that and was never intended to, so there WILL be (and already are...) other cryptos that fill that space. Bitcoin is useless for smart contracts for anything except possibly as payment. Get it out of your head that blockchain is only for "decentralized money". You're living 15 years in the past.

polymath_uk

Don't take my word for it. I think you could install a good secure wallet app like trezor suite on a secure Linux system and simply enter the words after selecting recover a wallet backup. Your BTC should then just appear. DON'T DO THIS UNTIL OTHER BETTER QUALIFIED PEOPLE SAY SO. 

Aware-Refuse7375

Second rule of bitcoin is… YOU DON’T TALK ABOUT BITCOIN

justmitch92

even on christmas the chads are here so spread some love and some positive energy. we are from around the world but with Anarchy we are the same. We have the same goal. Produced by fear of past rug pulls. But here it's different. We have no Dev. We are Community driven 100%. Everyone works for his bag. Even today, on christmas because nobody can't stop this movement! WE DON'T FUCK AROUND! Merry Christmas loyal Anarchists!

CercaQua

A lot of people show yhis graph but I have a different one. I DON'T UNDERSTAND THIS ONE. thanks for saying that. I doubt about my money supply chart that I have on trading view

ThriceHawk

I wouldn't remove either, but honestly I'd remove ETH before LINK. The largest financial institutions, SWIFT, etc. are all using Chainlink to be able to connect to any chain. Whether they use ETH, AVAX, XRP, etc... they'll still always be using LINK. Crypto is massively dependent on DON's and there isn't another coming close to Chainlink so far.

MacPooPum

Trading is never safe. You WILL LOSE YOUR MONEY. if you want to make money then invest in something you believe in and keep it there. I've never ever sold at a lower price I bought in at. Like I said I don't trade or try to time the market. I have price targets for eth that I will take profits at. My emotions don't play a roll in my dca in or out strategy. Also always invest money you're willing to lose it mitigate the emotional side of things. Cuz come the bear market and your bags are 50-90% down you're going to want to sell. DON'T. I'm still holding a couple of coins that are STILL down 50%+ from when I bought in. Looking at you LRC. but I won't sell. I was sold on the project and I'm sticking to it.

ArtifexR

From a 4AM tweet: "IT WOULD BE A SHAME IF CHAIRMAN POW WERE NEAR A WINDOw. JEREMY WHERE'S MY DIET COKE. NO DON'T TYPE THAT."

Quiet-Tackle-5993

DON’T BUY BONDS, CDs, or ETFs. DON’T EVEN *THINK* ABOUT BUYING INDIVIDUAL STOCKS! IDIOT! ALSO DONT BUY A HOME TO LIVE IN UNLESS YOU CAN BUY IT OUTRIGHT WITH CASH. DUMMY!! Fuck this guy. I’d love to be a boomer like him (not really) that has a few million to just dump only into mutual funds and not have to worry about actually investing smartly. Also, if you only own mutual funds and nothing else, you don’t want 50% of them to be ‘aggressive growth’ and ‘international’, if you’re trying to be a ‘conservative’ investor like this numbskull. Also, why are mutual funds ok but not ETFs? Wtf?

ImSoHungryRightMao

Hi I'm r/cc. DON'T give me all your Bitcoin. :D

ScoobaMonsta

All meme coins are scams. If you don't want to get scammed, DON'T BUY MEME COINS. Its really as simple as that.

Legitimate_Cry_5194

If you didn't have 5 figures left I wouldn't be harsh. But since you have 5 figures I'll just say that you gambled and you lost, like 100% of gamblers, nothing noteworthy to make a post about it. Try to cure your gambling addiction because the $40K today is going to be your 5 figures tomorrow. DON'T try to earn this money back by more crypto gambling, you'll make another post soon where you'll post about trying to deal with suicide thoughts instead of trying to deal with thoughts of being useless.

Crazy_Tooth1858

Stack stats. Stop being a pussy. JFC 3/4 of people in crypto are the exact reason for the line "DON'T PITCH THE BITCH".

IndubitablePrognosis

Also **MANY CHARITIES ACCEPT VENMO, AND VENMO HAS BITCOIN**. You can send yourself Bitcoin to your Venmo, then donate via the charity's Venmo address. \* THIS IS SET UP TO NOTIFY THEM IF THEY DON'T HAVE BITCOIN, SO THEY CAN START ACCEPTING IT \* They have 30 days to accept your donation and if they don't then they don't get the donation!

Amber_Sam

>Raspberry Pi is a 3rd party that you cannot trust Let me guess. A Ledger ~~user~~ shill pretending the risk of using a shitcoin, not fully open source, not air gapped wallet is similar to using Seedsigner. Being air-gapped device means, you DON'T HAVE TO TRUST. While exploring Seedsigner, have also look at Krux. Awesome little devices.

HaikuHaiku

If you have less that $20,000 in btc, then i think it's ok not to mention it, depending on your financial situation. If you have like $3 million in btc and you DON'T mention it, then maybe your marriage isn't exactly about trust and communication...

ADottore8533

MULTI TIP: DO NOT go to any computer store. DO NOT hire any specialist. DON'T trust anyone. DO NOT share information. DON'T believe any DM. DO NOT click on any link. DO NOT connect that computer to the internet. Make a backup as soon as possible. Read carefully all the advice they give you. Always remember the steps you are taking in the process, if necessary, take notes. Try to remember the places you moved through at that time and look for them to try to get some information that may be useful to you. Take your time to do things right, control anxiety and nervousness. Greetings, good luck and fortune.

grndslm

Of course you can have zero fees if you POINT to the middleman. Bitcoin is Internet money because you DON'T identify who the middleman is. This is called Trust Minimization, which is the Holy Grail -- a system that removes human decision making entirely in storing & transferring value. Nano will never be "money" because of this one, simple reason.

Lez0fire

That's a very bad way to see it... How many people do you think have 10x their portfolio since January 2023? It's way less than you think, in fact, most people DON'T outperform bitcoin, and bitcoin is 6x from there. And you think you'd casually catch the best play in crypto at the bottom and you'd be chilling with 500k at the top? You're delusional bro.

BlackjointnerD

There's only two options here. Either #XRP is about to launch to Mars as a result of USD liquidity flooding into the ecosystem via $RLUSD, or #Ripple is about to rug the market. Which doesnt make sense because there entire business DEPENDS ON THE LEDGER. Here's the thing. They have won the SEC lawsuit in regards to getting the clarity for XRP they wanted. Plus the next administration has pretty much all but said the case will get dropped by them and they will prioritize American companies. They have been pried opened, interrogated, and investigated to death at this point and survived all the scrutiny and befriended every important institution and regulater in the world. Getting the #RLUSD approved also speaks volumes to the state of Ripple's relationship with NY state financial regulators. THE BEST IN THE BUSINESS. GLOBALLY!! So why would a company, that's now a decade old, and made inroads with nearly a thousand major financial institutions, who's just received the legal greenlight to launch their own digital version of the US dollar. Let me repeat myself, RIPPLE, A PRIVATE INSTITUTION, RECEIVED GOVERNMENT APPROVAL, TO LEGALLY PRINT US TENDER!!!!! Why would an entity that has just become the equivalent of a hybrid between the US Federal Reserve & US Treasury want to, let alone need to, rug pull anyone? THEY CAN PRINT MONEY. LEGALLY! THEY DON'T NEED YOURS!!!! And let's not forget the most convenient "coincidence" in the entire #crypto space. That being, that in 1988 the economist discussed a Bitcoin-like global digital currency, just 2 months after David Schwartz filed a patent depicting a decentralized validation network very similar to blockchain.

Fisk_i_brallan

I was -25% a few hours ago on my cryptos and at -3% atm, steady going up again. Point is, what I tell people on reddit means little to nothing, I am a few days in to this, and even if I have traded stocks for years I wouldnt give advice on how you should invest your money. Some people here started today, and still tell others what to do or not like they know something. Study the market, make educated guesses while accepting that you don’t know shit about what will happen in a few years, or in an hour, but DON’T listen to me, or any other version of me on reddit.