FAR

__Ken_Adams__

>Did you make a profit operating them? For a while, yes. Being early was the key. There were good profits for the first several years, but eventually the market became saturated and the large operators were deploying new machines at a ridiculous pace. It was like they were solely focused on expanding without doing any research on whether the customer base was also growing and able to sustain it (it wasn't). They were cannabalising their own business as well as suffocating the smaller operators like myself, but I also think this may have been intentional. It's the Amazon model. Operate at a loss until you've driven out all the small players. >Would you recommend someone purchase the Bitcoin ATM machine? Not today. The only way to be profitable with these now is at scale (20+ machines), and maybe not even then. Most people don't realize how much overhead there is. >What was the biggest headache to owning/operating? The biggest headache *BY FAR* was compliance. That fits into what I was saying about overhead, but also time & headache. We are considered money services businesses (MSBs) & the requirements for staying compliant & in favor with daddy government are extensive & expensive. >You say that you owned them in the past so guessing it wasn’t a great business. It was for a while (2016-2020), but the insane regulatory pressure sucked the fun out of it, as well as a saturated market that nuked profits.

Chytrik

You are ‘standing by’ terrible, uninformed advice. A seed phrase is not like a password, it requires FAR more entropy to work properly. Humans are bad at entropy generation. End of story.

TexasBoyz-713

Worst year since 2018 so far… **SO FAR**

BoringPrinciple2542

I can see you are very emotional. Let’s start with the comparison: The mentioned companies priced themselves below the break-even price. Why? In order to achieve market penetration via reduced pricing. My reason for comparison is that things like the Avalanche9000 upgrade made it cheaper to run L1/subnet validators and the reason for this move was to offer cheaper pricing with the goal of underscoring competition. Your explanation of Uber subsidizing prices shows you understand this concept. It seems you cannot understand the difference between reducing validator fees versus token price so let me simplify it for you: previously each subnet validator needed 2k avax which is around $36k at current prices. This was updated to 1.33 AVAX/month. So now you can pay approximately $16.32/month instead of a $36k down payment…. Do you understand how this is more attractive to users of Avalanche L1s? If you don’t it is ok. You don’t need to get embarrassed and throw another tantrum. Just say “I’m confused” and I’ll break it down in simpler terms for you. Developers do in fact pay less. FAR less. Likewise gas fees are reduced… this was a primary goal of the Octane upgrade (ACP-176). Not sure why you are making assertions about things you can’t understand but if you stop people won’t laugh at you as much. Now you ask if “if low tome price was the strategy” and the answer is that as earlier, you are not actually reading what I wrote. I said that the strategy was cost efficiency in order to build market share which necessitates prioritizing cheap costs for devs over high token prices. The AVAX team could easily implement changes that create more token demand and increase their price by manipulating the supply but this would come at the expense of reducing adoption. Hence my statement that the team is prioritizing adoption over price. Are you still following along? Moving onto inflation, not only is adjustment absolutely possible it is required to have an apples-to-apples discussion. I was explaining the price as it relates to marketcap. Since circulating supply is essentially doubled today the price would be halved if the market cap stayed flat. Adjusting to compare price with equal supply helps understand the affects of scheduled inflation vs market sentiment. From here it looks like you had a meltdown where you attempted (poorly I might add) to put words in my mouth. I again e courage you to read my statements until you actually know what I said and then feel free to attempt a discussion. I’m not gonna bother trying to address each point in your ramble about things you think I said because you didn’t take the time to actually read.

Illustrious-Boss9356

The tangible world output is it gives people an option to put their capital into a vehicle that (at least so far) can store it without losing their purchasing power to fiat debasement as well as be transmissible fairly easily. The Federal Reserve System of the US control the USD, of which 70%+ of all global financial assets are denominated in. Would you rather have a small group of men controlling 70% of all wealth or a mathematical ruleset that is secured by the greatest amount of decentralized computing power ever assembled? As an American, I think we've built by FAR the best financial system the world has ever seem. But that doesn't mean alternative systems shouldn't get to compete. If anything, I hope it becomes an arms race which ends up improving both systems. We already saw US stock exchange improve settlement timing from T+2 to T+1 this year. NASDAQ just announced 7 days a week trading hours. Crypto can be good for BOTH systems.

seraph321

The same experts constantly say you don't buy bitcoin for the short term. You should always assume you will hold for at least four years. You should NOT need that money during that time. Yes, people will guess about various price points at various times, but they always know these are pure guesses and they are FAR more confident about the longterm. If you're disappointed after one year, that's on you.

SpendHefty6066

Multisig is far FAR preferable to splitting the seed.

SpendHefty6066

Multisig is far FAR preferable to splitting the seed.

Virtual-Baseball-297

Crashed to 80k SO FAR

pigeonwiggle

every time it crashes, people buy thinking it's a dip. if they knew it was a bear they could expect it to drop further before buying. 2022's crash from 65k had people buying in at 50 and 40. ...and 30. ...and 20k... it went as low as 16k before the slow road back up. 2023 was checkered with hopeful climbs to the 20s and subsequent slips back to 18k as people were trying to sell whatever little bit they could to make out with SOMETHING. this will be no different. the economy is not in a good place - and the working class is growing more desperate than they've been for a long time. unemployment is on the rise (1 in 20 americans are unemployed) this means some are yolo'ing into crypto now that the price has dropped but others are selling to secure something liquid to ride out the next year or 3 on hoping maybe to get back in in a few years before the next bull. but the price has only dropped a third of it's worth. each bitcoin crash so far has been FAR more devastating. from 18k to 4k in 2018. from 65k to 16k in 2022. basically 80% losses from all time highs. by this metric you might expect bitcoin to crash from 125k back to the 30k range. IF this is true, you probably shouldn't start buying until it drops under, say, 50k. but is it true? or does everyone expect you to choose Scissors, so they're picking Rock?

Hot_Philosopher3199

Bitcoin CAN go to zero. Maybe the chances are very low, but there is that possibility. Those that say it can't have been educated on this Subreddit alone. Protect yourself and take some off the top over time. But also don't be so orange-pilled to think BTC is the only investment worth your time. I invest in disruptive tech and it has FAR outperformed BTC for the past 2 years.

Fuumers

What a brain rotted post or artificially selected axis and then vomit analysis. OI is till 30 billion, which is admittedly less then 40 billion but still FAR from "very little leverage".

BoringPrinciple2542

A lot of people are blowing smoke up your ass. A decade is a long time. Bitcoin has done well SO FAR. Bitcoin has the advantage of reputation and first mover advantage; however, it is laughably slow at processing transactions, hilariously expensive in terms of gas fees, and is incapable of much of what later tokens can do. BTC is a dinosaur and while it has a great track record it is almost 20 years behind the times. BTC is probably the safest bet in crypto at the moment if you want to dip your toes in without too much risk. That said, it’s very possible that BTC could be a bygone relic in 10 years. That’s just the way the world works. Remember IBM? Tower Records? Blockbuster? Things come and go. Almost anything (not counting memecoins) is arguably a “better” cryptocurrency but nothing has really caught the same traction yet. In terms of making money; there is no such thing as “better” just different risk/reward ratios. Historically, BTC has been a great choice but that’s because we are looking back in hindsight. It was always incredibly risky (hence the high returns) but has done well for several years. This does not guarantee future performance though. There are other cryptos that have much greater chances of magnifying your investment (percent change is the impoetant metric here) but they involve much more speculation. The best advice you can really get is to have a diversified portfolio and include Bitcoin and possibly other top tokens as part of a broader investment plan.

oodoodoopoopoo

I've been around long enough to remember people saying the same thing about btc hitting 10k and 100k. You can still find the posts and comments in this very subreddit. They were wrong, as are you now. Yeah, shit costs more, but the meteoric rise of bitcoin has far, FAR outpaced inflation in any first world country.

evalerk

I’ll never be a 100 millionaire because I’ll quit far, FAR before I make that much money.

OutlandishnessLimp25

Many people forget about so much of the costs of buying a house. I’m not saying it can’t work, but 9/10 times people don’t make nearly the amount they think they will. Remember when you sell it, you as the seller are paying 5-6% to the agents. Additionally, you’re taking on all liability which can be a crapshoot. Furthermore, property taxes, mortgage interest—which is heavily front loaded the first 10 years (if you do a traditional 30 yr). Unless you’re *very* certain you’ll be there 10+ years or you’re a family man and it’s important for the stability of your family/kids school(s) —-I almost never advocate to buying a home** ** assuming those dollars will be put to better use in equities or bitcoin which FAR outperform housing as an asset class —-and it’s not even close, particularly over a 10+ year period. Also: https://ibb.co/qWtxfmF Good luck!

Blunderpunk_

I have a hard number. If anh investment I make goes from $100 to $1,000,000, that shits getting cashed out. Sure it has potential to grow more, but I have needs. Like needing a house, a reliable car, etc. Once all my basic needs are taken care of, whatever is left can go back into investments. But as much as people want to pretend like $1 Mil won't carry you for long, it absolutely will. $1M can do much more for you in your youth than when you're older. You have time, and energy. You just need money, and you can go live your life, love expirences, travel if you want, use some to find hobbies and interests to find yourself and live a rich life. Sure you can save money for retirement, but what's retirement worth if you slave an unfulfilling life just to wait out death when medical bills are sapping away your investments you worked for so hard for and you are too old to do all the things you would if you were just a little younger? Yeah, saving for retirement is good, and important. But securing the vast majority of your life using $1M in your 20's id FAR more effective than saving it until you're old af. Don't be wreckless, don't spend all your money on a supercar or superficial bullshit. Just spend it on securing your needs, and exploring life.

False-Negotiation-17

Ask yourself this, assuming you have done your research on bitcoin and live in the US, if 0.01 bitcoin is \~$900 will $900 is fiat change your life in a decade? Or will it depreciate at the rate it has over the past decade and every decade before? The point I'm trying to make is 0.01 btc will probably not change your life alone but it will appreciate compared to it's fiat currency value. You are better off holding your $900 in a mutual fund but you are FAR better off holding 0.01btc than $900. Even further you are better off not worrying about the fiat price of bitcoin and start purchasing it on a regular basis. Do this for 10 years and if I'm wrong I will send you $900.

RosieDear

But a 20% return in Buffets stock over 30 years - per year - is not too good to be true. An 80% return on Google stock in the past year is not too good to be true. I say it's fairly safe - not that it will be repeated, but given the number of businesses they are involved in, that's pretty safe. For the truly conservative, an S&P index fund has been about 12% per year lately....some might say too good to be true, as it is FAR above inflation.

PudgyAxolotl

The bear market is just starting lol, bottom is FAR from here

Seeker_of_Time

Agreed. And every single time BTC dips 20%+, there's people saying, "Don't expect to see those kinds of gains again." I just shake my head and remember the 1000%+ gains I've experienced multiple times over the past decade. You say $50K move upward in a month and yes, that's big. But it is NOT out of the question for us to see far FAR more than that in one go. People will laugh and give some kind of reason why it won't or can't. But I've heard it all from $255 Bitcoin to $1000 Bitcoin to $20k Bitcoin, $60k, $100k, $125k... Most people naysaying are people who REALLY don't want to see how bad it was to miss the boat again. I know this, because there was a time where BTC was still 4 digits and one group of people told me to buy as much as I could and another group of people told me not to and to pay off my student loans. I paid off $18k in student loans in a 5 month window instead of buying more BTC. Well, the people who told me to buy more got really REALLY wealthy. The people who told me to pay of my loans said, "Well, there was no way you could have known it would do that...and it won't happen again." Then continued to try and convince me it wouldn't happen again, even after it did two more times. The group that tried to convince me to buy more certainly DID know and the group that convinced me not to have zealously defended their decision to not buy and to convince others not to time and time again.

Wulph421

I'll be the first to admit I'm naive, but is there any possibility that the "cap" or currency available to mine is a trick? A lie to make it seem "scarce?" Would be FAR from the first time that's used to hype one's investment

awezumsaws

Most oversold SO FAR

Zigxy

Yeah, they thought the movement of his coins meant something What folks need to understand is that MSTR only has one option: Full throttle forward. They are by FAR the largest source of buy pressure for BTC. As soon as MSTR stops injecting billions with their massive buys… or even worse, starts selling, then prices will drop.

Saylor_Moonboi

Even as a Bitcoin and stock lover, I think the inflation fear is overblown, at least in the NEAR term, and both stocks and Bitcoin are overvalued. Now in the LONG term, the debt and deficits are unsustainable, and SOMETHING will happen to unwind this issue, and if that thing is inflation, and most people think it will be, it will make assets far more valuable than they are now. Think December 2017. Was Bitcoin overvalued at $20,000 ? Yes, but only for THAT near term, of course, a little while after the covid moneyprinter madness hit, $20,000 a Bitcoin was a screaming bargain, and I think we are in a similar place now. Everything financial comes in cycles, first comes the greed, then the fear, but then the greed comes back harder, and the line keeps going up in the long term. Bitcoin will never deliver the returns it once did, because new asset classes only cost $0.003 each once in their life, and that time has passed. The stock market is clearly overvalued, or AI will reach the singularity and the human race will go full post-scarcity. Of the two, I'm thinking overvalued is FAR more likely. Even when tech has changed the world for the better, think railroads, there were also massive bubbles in the market at the same time. The rich are ALWAYS getting richer, that is just how investing works, that is ALWAYS how investing works, which is why people that can defer pleasure usually do far better financially than the rest of us. The old industrial middle class, where one good factory job could support an entire family, and you could buy your starter home for 3 grapes, is ALSO gone, like that $0.003 Bitcoin. That was a historical anomaly created by rapid technological change and the destruction of Europe in WW 2. The reality of this interconnected world is that there is just far too much skilled and unskilled labor to earn a decent wage in a normal job anymore. The only way to live well in overpriced America is to either save your pennies and invest to generate your spending money, move to some cheap-o third world country, or be some kind of business owner or influencer. Thinking that you will graduate high school and be able to support anything more than an outdoor cat is just wishful thinking nowadays. :(

Lina-Inverse

Because it is significantly harder than you seem to realise. In order to create a trading bot that is profitable. * You need to fully understand risk management and have strong real time risk monitoring systems. * You need to be able to code. * You need to be a **profitable** trader with a system that can easily be transitioned to a systemic system. * You need a strong understanding maths/statistics. If you don't have have all four of these things then all a trading bot will do is make you lose money faster. Most people don't even have a single one of these prerequisites.. especially risk management which is by FAR the most important.

Lina-Inverse

not really true. leverage trading btc 2x is FAR less risky than spot trading **any** altcoin and has much higher returns. Beta neutral or long short strategies that are long btc, short muliple altcoins can easily use leverage and be far less risky than being 1x long any altcoin.

godofleet

>Gtfo out of here with that weak ass argument. lol, are you 12? the reality is simple: bitcoin's price remains FAR more than the "worthless" that huge swaths of the public still perceive it to be... you say bitcoin is in "dangerous territory" ... i'm saying, it's exactly the opposite of that, it's in the same territory it's always been in: It's not fiat. OP didn't gloat or brag, they simply celebrated a short term price movement... You know, that thing that makes up the long-term value... You say its not post worthy? Well guess what... it was for them, and plenty of other people. if anything wasn't post worthy here it was your toxicity, fear and ignorance... "dangerous territory" my ass... grow a pair.

Tittitwisted

The system is a farce. Look at how they spend FAR more money than they extract from us. They tax the house you bought and paid for to the point you can't afford to live in it anymore. But what for? It's not like it really paid for anything because the govt spent that money a decade ago already. It's all a game that I wish we could all agree to stop playing. Imagine how much real control we would have again if we just told those clowns NO. We are not paying you to throw our hard earned money away. What are you even spending it on? Oh black projects that we can't see... Oh on foreign countries we are too poor to visit for ourselves. It's time we just stop paying some form of tax. I vote property tax. But at least half of us have to do it though. The jails aren't big enough

sakaloko

Swing trading all the way, sometimes as shitcoin here and there that makes sense, mostly hodl The best metric BY FAR is inversing npcs, whenever the majority of dumbasses risk losing/lose money by doing something really stupid you just go the opposite way Also inverse their market sentiment, fear was 30~ when btc was at around 106, lmfao, imagine fearing the market during rate cuts and approaching QE, npcs can't be more moronic than that

I_Hate_Reddit_69420

If they wanted to do this they would probably use cloud mining, else they would need to buy the mining infrastructure to do so which would be FAR more money than the state $70.000 If they use cloud mining it will by definition not be anonymous. So yeah if they buy millions of infrastructure to be able to solo mine this block anonymously, sure, they would be possible. Still wouldn’t negate any of the other things I said. Why would anyone waste millions on this? Extremely far fetched idea.

Positive-Theory_

The need for hardware wallets that have a self erasure feature if the pin is entered too many times. User error is a FAR greater concern than hackers or thieves. Keeping seed phrases that can be input into any hardware wallet to access your funds without a password is just as insecure as keeping the raw private key but with more steps of pointless complexity.

Saylor_Moonboi

Its FAR more than just trusting the custodian, you have to trust the GOVERNMENT to not shut it down and seize the gold, for money laundering, or some other rando government excuse. Relevant example, Peter Schiff's own BANK was shutdown several YEARS ago, for, ironically or not, money laundering accusations. This bank ALSO allowed the storage of money in the form of tokenized gold. No one with money OR gold in that bank has ever received any money or gold back, all the assets remain held by Puerto Rico's bank trust administrator, who has no knowledge of banking, and just collects fees sitting on the assets. Sounds very similar to the Celsius bankruptcy, in how its being administered, that is, like a scam. Which is why you don't want some third party storing your gold, or Bitcoin, or anything else, if you can avoid it, or unless there is some legal protection built in, which of course, there is not, unless its fiat in a government bank.

fistfucker07

What are you basing “decentralization “ on? Token Dispersal? Number of wallets? Validators? Nodes? Because proof of STAKE is literally the AMOUNT OF POWER YOU CONTROL. Meaning, a large enough STAKE could CENTRALIZE the power to control which transactions happen and on what order. That is SO FAR AWAY from decentralized it’s a joke. It is the APPEARANCE of decentralization, but the functions of centralization. Btc mining is owned by two major companies across the world. THIS IS NOT DECENTRALIZED.

TheGoonSquad612

JFC the level of naivety. This is, by FAR, the calmest Bitcoin and crypto have ever been.

mrjune2040

There is FAR LESS noise than back then, it's not even close. And price movements are less dramatic in percentage terms, I suggest that you check out the bitcoin volatility index for proof of that.

BeginningMost6014

I buy only the ETF. I trust Fidelity FAR more than exchanges or myself with a cold wallet.

BeginningMost6014

I buy on the ETF. I trust Fidelity FAR more than exchanges or myself with a cold wallet.

Fellatio_Lover

Ive been holding since $800 and haven’t sold. I got over this hurdle because I understood how bitcoin worked and how money worked. Its an incorruptible ledger. The higher the hash-rate goes, the more secure the network, the greater its value. Yes its money and yes its a store of value. We all understand why these are valuable ideas bjt ill also throw out there that a bitcoin denominated world will benefit the wealthy FAR more than the little guy. Itll help protect vast sums of wealth, preserve it at very little to no risk. Its value grows with more people who use and work for it.

TopComprehensive4016

Those are FAR less likely than the mistakes someone can make when they store their own coins.

German_PotatoSoup

No you don’t. Having lived in both the US and Canada, you can get service FAR faster than in Canada, and the care quality is higher too. Yes it’s expensive but there is a good reason why.

KiNg-MaK3R

So many people are so close. But bitcoin is like seeing a 2001 Honda civic when it’s still 1803 and everyone is still riding horses. It’s so different and breaks so many rules you thought were unbreakable that many people can’t believe what it really is. Which is the best money humans have ever create BY FAR. Our children won’t believe we had a chance to buy a whole Bitcoin. Like buying a block of real estate in a major city. Like of course you would…

BitcoinBaller420

This is the path for so many people, including me. Gotta pay your dues taking losses in shitcoins while you study bitcoin and eventually understand the truth... there is only one coin that will be monetized in the end. The rest will trade at their utility values for executing code, which aren't zero, but are FAR below their current prices. Welcome to the club OP, and congratulations.

DocInABox33

No I’m not someone trying to get you to buy my course so nice try. Why is it so hard for you to understand that the comments are saying there was a FAR BETTER way to achieve everything you said and STILL keep your BTC which is just a vessel for personal wealth. I can see clearly you didn’t read anything I wrote which was objective and data driven so I’ll stop. Hopefully other people don’t fall into this trap of homeownership and keep the banks happy. You seriously need a crash course on personal finance to get you to understand, far beyond the scope of this public forum. 🤷‍♂️

DarkLunch_

Exactly that! I’ve find that a lot of luxury items work the same way. In university I used to wear Gucci trainers and people thought I was loaded. But when I sold them, I got more than I bought them for, even being worn. Essentially, they were the cheapest shoes I ever owned by FAR.

Cyberfury

Cool story. It really is. There is another angle however: Your bitcoin would have increased in value FAR FASTER and FAR LONGER then a stack of bricks you bought with them will ever do. I'm just saying. ;;)

Conflictingview

>About 3% of the world claims to hold at least some Bitcoin. 3% of PC usage was in the late 70s when the Apple II was dominant. I doubt that 3% of the world's population holds some bitcoin, but I don't know. However, your idea about PC ownership is FAR, FAR off base. [In 1979, 535,000 PCs were sold](https://pegasus3d.com/total_share.html). World Population was 4.4 billion. In other words, 0.01% of the world had access to a PC. If we're being fair and say that PCs are used for about 5 years, you don't get to 3% of the world having access to a PC until **1995.**

Lalph-Rauren

To me this is a sign that the community is diamond handed, ready for the next big pump. This will go FAR beyond the ATH of $284M. Don’t fade $KENDU 👀

ProprietaryIsSpyware

Coldcard by FAR

SolanaToTheMooon

Here we go again lol this is another top indicator going off - when they start questioning Tether lol LITERALLY EVERY CYCLE SO FAR

IAmSomewhatDamaged

Getting back to you late, but it has worked out pretty well so far. My portfolio is something like… 65% Bitcoin, 15% Ethereum, and about 20% split up between Cardano, Solana, XRP, and a couple other shitcoins that I should’ve never bought to begin with lol. While I mostly stuck to my DCA strategy, I also bought random (bigger) chunks of BTC and ETH here and there when the price dumped hard during the Bear Market. I would also make random $50 to $100 purchases of other Alts, but not as often. I am FAR in the green with my BTC (I own close to 1/3 of a coin) and Ethereum (I own a little over 4). Cardano, Solana, and XRP are currently in the green pretty well (but not as much). The couple of SHITCOINS that I own are the only ones that are still in the red. A few of them are down pretty bad, which is pulling my portfolio down (overall) a bit too much for my liking. Overall, my portfolio is up around 2x. Im happy with that for only 3 years. If I JUST stuck to Bitcoin and Ethereum (like I SHOULD HAVE DONE ALL ALONG), I would probably be up 3x or 4x overall… but we live and we learn. Bitcoin and a little Ethereum are going to be my main long-term investments, and I’ll probably dump most of my other Alts if we ever get that damn Alt Season this cycle lol. I’ll probably hold on to a little Solana, Cardano, and XRP long-term as well, but I’ll be selling the majority of them if/when we go parabolic this cycle. Stick to fucking Bitcoin… and MAYBE a little bit of Ethereum as a hedge. It will save you so much time and pain lol.

Dapper-Detail-2143

I could be wrong, but I thought the potential market cap could FAR exceed $20T.  I thought it was around $500T if BTC truly became the world reserve currency and forced people to stop monetizing real estate/SP500/Bonds/etc as savings accounts? 

allstarmode1

'I found The cost of 4 Bitcoins in British Pounds today is **£334,067.10** and so 1 is 83,516£ exactly - so THIS GIVES THE HIGEST EXCHANGE SO FAR , I think? so comparing to [theabominablewonder](https://www.reddit.com/user/theabominablewonder/) user above - I have change my mind to 'Strike - probably and can start soon ?

bloke-of-blokes

I'm 43 I started crypto when I turned 41 Befoe that I hadn't done shit for investing. I can promise you this though. Having fin in your 40s, and having money, as long as you have your health.... Is FAR FAR FAR FAR FAR 100X FAR SUPERIOR to doing it in your 20s. Go have fun. Just not "live in Dubai" or "buy a new. BMW to impress everyone" kind of fun. Its not too Hard. The fact that you're stacking sats puts you ahead of 99% as it is

BicycleOfLife

I used to hold a lot of CRO because they were a good off and on ramp. Their card was really really good. Now Venmo is the best on and off ramp BY FAR. Never need to use CRO ever again. And neither should any of us.

FarBad1864

It’s about $126,360, so he is technically right SO FAR

Sad_Jackfruit4636

Look at it this way, conservatively you should have 2.27M in the bank within 10 years, and maybe even less. That is FAR more than most people in their mid-late 30s have in their retirement accounts at that age - or even any age. Lol If you aren't looking to retire on it anytime soon and plan to continue working, investing elsewhere, and smartly hold it for a while, you will be fine.

Luuigi

So funny to me that people are so excited about eth ath - going by inflation we are FAR from it

allthatyouare

Someone said in another thread, this is the biggest mistake of your life SO FAR. And that gave me so much peace. We mess up or don’t know better — and once we do, we learn.

Knicks-in-7

I made a terrible mistake in keeping my bitcoin on BlockFi, and I don’t even want to get into what happened with them, but they sold my bitcoin at this price then gave me a fraction of what I had on there. That’s my worst mistake, and as someone else in the comments said… SO FAR.

seraph321

If rent is about the same as the mortgage payment, then actually owning the house is FAR more expensive. The mortgage payment is only a part of it, there’s insurance, maintenance, taxes, etc. I would honestly suggest renting a simple modest place, continue to keep your eye on the housing market, but let your investments work for you. Keep your options more open. Personally, I think there’s more freedom and less worry when renting. You can more easily move, your capital can be more diversified, you don’t have debt hanging over you, you don’t have the concern of sudden maintenance issues. I’m 45 and have happily been renting my whole adult life, only recently thinking about buying. If I had bought when I first technically could have in my 20s, I would likely never have moved across the country when I did (it was super easy to do), and I probably never would have moved to Australia either. Everything good about my life in the past 20 years would have been much less likely to happen.

decadearray

Pretty shitty, but in 20 years, the pain of not buying now will be far, FAR worse.

twinchell

Worst mistake in your life SO FAR

BABABOYE5000

What signs? Practically all the signs of wellbeing, healthcare, life expectancy is at all time high, stuff like violent crime, infant mortality, is at all time low. If you consume main stream media they paint a picture that the world is on fire, but historically it's been FAR worse than we have it now, yet the world didn't end.

sportingpool

memecoins, shitcoins. got just about as much or little utility as any other coin. but this potential is neatly hidden behind those monikers there are a number of names/prices that wont fly. all the zero dot zero zero zero nonsense is out: pepe, bonk, penguin, floki. fartcoin and trump are BY FAR the best bets there. name, price and marketcap-upside (1bn/2bn) all check out. and most important thing: they are being dismisssed, laughed at, called out

DMVhelpdesk

You guys act like good debt can’t be used as an instrument to grow wealth. Naturally my gains (FAR!) outweigh my outstanding balance. I maintain plenty in cash to sustain downturns. Been at this for six years. Iron stomach. Welcome the volatility. My encouragement for others is to consider it, but calculatedly and in a manner that is measured for their repayment obligation.

Disastrous_Week3046

Lol, what a shockingly dumb take. Conservative states are BY FAR the poorest and least educated in the entire country. By a very wide margin. Hence why the northeast and California have the wealthiest states.

cudakid210

Are you seriously arguing that all of these posters are all curating their feeds, *except* the pudgy stuff?! It is FAR more likely that the multimillion dollar franchise is engaging in immoral marketing practices, than it is that the 40+ pudgy-boosting accounts all exhibit the same totally random curation behavior.

AlternativeWonder471

It's all a game of shifting money. Debt it issued so that the masses can have instant gratification, and purchase investments, but in return, are bound to work to pay it off. If they get too depressed or struggle too much, governments can give free money away to get people back to work, or increase money supply. Without debt, FAR more people would choose not to work, or not work as much. Not sure if bitcoin is any better because while this sucks for us working 9-5's, the system does work. It's almost a miracle that first world countries are the way they are. You look at what it takes to build a city and keep it functioning smoothly, it's nuts that we pull that off. Having a currency that can't be printed sounds great, but it could actually be a disaster if/when things go south and we don't have tools to fix it.

ApexMM

bitcoin maxis big mad made FAR more off of my eth investments than bitcoin

BallSmashingForever

HAHAHAHAHAHAHAH your assessment is SO FAR off I can't even bring a reply.

Due-Candy-8929

Percentage matters FAR more than price : If you invest $1000 in BTC at $116,584.40 and BTC goes to $150K your profit is $287 or If you invest $1000 In XRP at $3.30 and XRP goes to $5 Your profit is $515 For BTC to match that $515 profit it would have to hit $176.67k

Lazzz3T

Don’t listen to the party poopers. You’re not going to get rich this year or next year with that but putting it to use TODAY gets you ahead of the general population by FAR. That’s all I know. I put money into XRP and a few bucks into meme coins for sh*ts and g*ggles

__Ken_Adams__

Biometric data is treated differently than memorized data, from a legal standpoint. A court can issue a warrant for your voice, fingerprints, etc. They can force you to use your biometric data to unlock your phone and any other protected space locked behind biometric data. They *cannot* issue a warrant for the contents of your mind, like passwords. They *cannot* force you to use your pin, pattern or password to unlock your phone or any other space locked behind a pin, pattern or password. For this reason, from a privacy & protection from governments perspective, passwords are *FAR* superior. And for this reason, people should not be using biometric data to lock/unlock their phones.

Ruzhyo04

Solana is centralized in comparison to Ethereum. Solana is FAR more decentralized than your average company, but that’s not the same thing as being actually decentralized, IE capable of resisting nation-state level coordinated attacks. Solana also has gone down like 10 times in the last 4 years, while Ethereum has 100% uptime for its entire 10 year life span. And Solana while very fast for an L1, is not built to scale as far as Ethereum can with its purpose built L2 infrastructure. If you imagine just 10 million daily users, Solana as-is cannot provide for them. And only a handful of datacenters on earth are built to accommodate that level of bandwidth, so only a select few could run a validator. While Ethereum with L2s and L3s could scale to billions of users in a relatively short time frame, while still being able to be validated from home.

PatMu5tard

People will jump on me for this, but you asked for a suggestion! Keeta $KTA is the best play BY FAR this cycle. L1 backed by ex-Google CEO Eric Schmidt (Who invested $20m into the company). The network has been in production since 2022, but the coin was only released a few months ago. It has been in testnet for the last 2-3 months. Kraken listing goes live on 5th August, Mainnet coming in the next few weeks. OKX listing seems to be coming soon too as they used Keeta as an example to showcase their trading app in a recent video on X, but this is not confirmed yet. Stress test was validated by Chainspect and confirmed 11 million TPS. I was sceptical at first as everyone is of new coins, but it has the potential to be a top 10 coin very quickly after Mainnet release. Only $400m mcap right now. I full ported to Keeta when I researched it. Do a bit a research on it and see what you think.

PatMu5tard

Keeta $KTA is the best play BY FAR this cycle. L1 backed by ex-Google CEO Eric Schmidt (Who invested $20m into the company, not the coin). Kraken listing goes live on 5th August, Mainnet coming in the next few weeks, 11m TPS. Look into it, I was sceptical at first as everyone is of new coins, but it has the potential to be a top 10 coin very quickly after Mainnet release. Only $400m mcap right now

CorOsb33

With all due respect, you gotta take your blinders off. Let me explain. I love BTC. Love it. It has helped do exactly what I mentioned above. So what if I pay taxes forever? I'm with you. I don't think people should have to pay taxes on paid off homes. However, I save a ton of money not having a mortgage. My taxes on my house are $7500/year which comes to $625/month. My mortgage before was $3500/month. I now have a monthly surplus of almost $2900/month. Guess what I do with it? I pour a lot of it into BTC and other investments. So the money now have FAR outweighs what I spend on taxes. BY FAR. On top of that, because I own my property outright, I am able to buy more rentals by leveraging the equity I own on my home. I'm playing with house money. Literally. Think about that. I can purchase property with zero cash because I own my home outright and I can leverage the equity to do it. Did you know you can legally pay $0 taxes on rental properties if you do your taxes right? $0. Say that again. No other assets can do that. Real Estate is a gangster game if you learn how to do it right.

mrjune2040

A boom and bust (deep) recession is FAR more likely to happen if they lower rates too fast. The only guys calling for sharp rate cuts are the simplistic section of crypto bros that want their bags pumped asap.

GoldmezAddams

Yes, for advanced users. A normie who is asking this question is FAR more likely to burn themselves generating their own entropy than they are to get rugged by their wallet manufacturer.

Available_Win5204

You can always tell it's some desperate bitcoin maxi bullshit when they try to slip "bitcoin" into the title that has nothing to do with it specifically. This report doesn't mention Bitcoin once as far as I can tell, and from a quick read it seems FAR more bullish for Ethereum than BTC. Bitcoin is being left behind because DeFi, whether you care about it or not, is where all of the high finance activity will be focused.

Colours-Numbers

i think little of YNH the dissolution of fiat is FAR more impactful than the adoption of CCs, CBDCs, stablecoins whatever

Odd_Science5770

How is this even a question... Anyone with half a brain would stay FAR away from XRP, and other alts, really.

mrjune2040

‘We both know why’- I genuinely don’t dude, and you are BY FAR the weirdest poster I’ve ever experienced in this sub. Whoever hurt you in life, whatever gap you’re trying to fill, this ain’t it. You’re literally so far up your own asshole Roger Ver would be proud.

Fun-Sundae4060

I’m not saying it won’t break, I’m saying it hasn’t broken because everything is lining FAR too well with the cycle lines I’ve already plotted and the data is also lining up way too well. If things aren’t lining up, then I’d be second guessing the cycle this time around. But I have no reason to at this moment.

yellowdart654

Worst financial decision of your life -- SO FAR.

SonOfObed89

Worst financial decision of my life **SO FAR!** FTFY

radiocrime

I used Coinbase for years (been buying since 2018) and never had any problems with them. However, a year ago I switched to Strike because the owner (Jack Mallers) is amazing, smart, fair, and a true advocate for Bitcoin. It’s a Bitcoin only platform (stay away from shitcoins anyway!) and it has far better fees, free transfers )to cold storage for instance) and the spread is FAR better than Coinbase. In a nutshell, congrats on your buy, keep buying and keep learning about Bitcoin. That knowledge will serve you well in a tumultuous market. And check out Strike as an exchange. They are fantastic!

Massive_D-dog

certainly FAR more than you

jetter23

It took them awhile to get correct - but they are the cleanest trading instrument I've ever seen. They respect my model to a T - its insane. FUCK a whole lotta trading the cracked out NQ - the fact BTC is outside the traditional financial system and FAR AWAY from options (which is what drives markets now) - its been life fucking changing.

reddituserxxxxxxx7

Man idk, personally I feel like (PERSONALLY) if you can just hold as long as possible, I mean, until retirement age, for me, 30 years, I think it’s just gonna keep crashing and growing crashing and growing while getting more and more stable. My mindset is put a small amount every week, if in 30 years it’s at 0, big whoop. So every week I skipped Chipotle or eating out once or twice and put it into bitcoin, a fun gamble and I enjoyed the culture and watching things unfold, a crazy time in history. No big deal. Best case scenario, BTC is at $1,000,000 or FAR more. Either way. I’m holding for 30 years idc if it goes to NOTHING. It’s a risk. Yes. If I lose hey it was a fun fucking ride, missed out on a few overpriced eating out moments (don’t care) i.e 50-200$ week. (Yes I know that money can grow in stocks again idc, it’s fun money). If I win, i’m sitting on a lot of dough and proud I didn’t let crashes and waves psyche me out. That’s how I see it.

AbjectFee5982

You do know it can buy FAR OVER 21 MILLION for "liquidity" Using bullet swaps, ETFs and "bulletshares" .. a type of ETF

CasualRedditObserver

Let me put it this way. Air molecules are "randomly" distributed throughout the room you are in. Those air molecules also move "randomly" as they bounce around. There are many, many, many distributions of those molecules that result in there being enough oxygen molecules next to your breathing holes that you can survive. There are FAR less distributions of the exact same quantities of each molecule type that result in all the oxygen molecules being together in one corner of the room such that you suddenly asphyxiate and die. The ONLY reason you can breath is because you haven't randomly encountered one of those highly unlikely "possibilities". In my understanding of the word "possible", it really isn't possible (in human terms) for a person to asphyxiate simply due to an unfortunate random distribution of oxygen molecules in a room that has adequate overall oxygen. Sure, if you use enough zeros in your decimal, you could calculate a non-zero mathematical probability of that asphyxiation, but a reasonable person isn't realistically going to consider that to be a "possibility". As humans, when we say something is "impossible", we rarely (if ever) distinguish between a probability of exactly ZERO and a very, very, very small mathematical probability.

DSCN__034

Have you ever considered selling MSTR call spreads against IBIT? I've owned IBIT since conception and have added more with the dips. It is still a small percentage of my net worth. I've been selling MSTR call spreads for income, making my Bitcoin allocation an income holding (albeit small). The call spreads are FAR OTM and have never been close to being assigned. It turns out the call skew in MSTR is healthy enough to be profitable.

MichaelAischmann

Two thirds of the market are BTC. That alone limits use among the crypto people. Sure my 99% is exaggerated to make the point but I still think there is FAR to much speculation in the market. Utility is secondary at best.

Lazzz3T

Bro where the fuck do u live 6-12 months for a job??! Let me guess, you get Starbucks every morning too!? In all seriousness 100k goes FAR especially if you’re not in north America where expenses are bloated. OP should go to Taiwan or Vietnam or Thailand and live like a king for years on 100k usd

DoontGiveHimTheStick

Lol you think the federal reserve is stealing from citizens? Are you a teenager? We operate an inflation based economy purposely and transparently. Inflation twists the balance sheet, got the world out of debt after ww2 reconstruction, and benefits asset holders, including homeowners and stockholders to a huge degree. Inflation is just another economic tool. Again, the automated limit on bitcoin creation is why its price has surged to over $100k, and if goods were priced in bitcoin then prices would perpetually deflate. This is FAR more complicated than whatever conspiracy you are creating in your mind, and the currency could still easily be controlled, just by the handful of individuals and companies (many foreign) who hold a majority of bitcoin, instead of a democratically elected government and related institutions.

SpontaneousDream

Uhh you do realize Trump admin has been FAR more receptive and open to pretty much all crypto right? Especially BTC. So what if they rug pulled.

PheelGoodInc

This is FAR more scary than bitcoin treasury companies.

TheMoonMoth

> Provable scare just like gold. What a load of shit. Proving the scarcity of gold is nearly impossible. Proving the gold bar you hold in your hand is actually gold is difficult. Verifying your Bitcoin takes 30 seconds. Proving the scarcity takes a bit more (set up node, verify with the consensus) but not much. Bitcoin's utility FAR exceeds golds.