IMO

Acrobatic_Dish6963

Darkest before dawn I think that there's going to be lots of turmoil and pain before real society-changing technological breakthroughs happen. IMO lots of indicators are showing that we're right on the cusp of a technological explosion.

L0rd_Sh4p3r

Weekends IMO, price tends to dip and less volume.

Clatz

IMO you've got about $40 in coins that have any sort of future. Bitcoin, Eth, and Chain link.

bluesmaker

I kinda do something similar, but with one major difference. The majority of your money goes into bitcoin and Eth. All the other coins are just a side thing. Learn about the 4 year cycle. The cycle may be slowly changing but the principal seems to hold still. So, bitcoin may have already hit it's high for this cycle, and altcoins may see major gains. Some people will confidently claim the altcoin season is already over. Some may claim the opposite. It's difficult to predict what will happen. IMO, people are best off being patient and waiting a couple of years for bitcoin to drop in price and then you buy a lot. But just consistently buying it may be better since you don't know when it's price will change. It's very difficult to get good information on what is a good coin or not. People have lots of opinions and they are mostly shit or biased. Like when pepe first came around, I had a feeling pepe was going to blow up, but when I made I post to ask about how to buy it (it was a question about using coinbase wallet), I had people being shitheads about it. Then some months later it turns out I was right, it did blow up. And it has continued to do pretty well. (besides the point, but fucking coinbase wallet had some tech issue that ate several transactions when I tried to buy it, so I didn't get any at that point). However, with the exception of a handful like Eth, most altcoins are really bad. Meme coins like pepe or doge are not wise to hold as a long term investment. Likewise, even the more "legit" altcoins may not be worth holding onto either. They describe their purpose and importance with a slew of buzzwords, and unless you follow their development closely, developments in the tech area they address, and have knowledge and judgement that goes far beyond what you will find on this sub, the alts are not great to invest a lot in. So, focus on bitcoin. Or bitcoin and Eth.

Available_Win5204

"Alt season" is a terrible thing IMO. Alts randomly skyrocketing generally means the market is completely irrational (more than it already is) and that an impending crash is coming because people are throwing money at projects indiscriminately. I hope we never see another 2021-style alt season.

JimFay

The arguments for gold are very similar to Bitcoin’s. Gold has an advantage in that it has thousands of years in history and has proven itself to be a reliable and somewhat steady store of value. The price of gold has been surging lately which is not surprising considering all that has been happening in the macro economy and the looming threats to our financial wellbeing. History aside, bitcoin shares all these strengths with additional benefits such as better security, portability, divisibility, transaction speed and decentralization. But bitcoin’s biggest advantage IMO, is that we’re still early in BTC’s adoption curve. As more people, institutions, corporations and governments adopt bitcoin, even on a small scale, demand will continue to increase, sending the price higher, attracting more investors, creating a possibly endless feedback loop that transfers all wealth into bitcoin. I don’t think it’s a bad idea to diversify into gold, but if I had to choose just one, the choice is easy. Bitcoin.

choicehunter

As someone who has talked to many family and friends about it, and even convinced several people to be pretty excited about it, I will give you my advice. Treat it the exact same way that you would treat a conversation about religion or politics with someone who you don't know what their religion or their political affiliation or beliefs are. Cuz in the end, a conversation about Bitcoin or any other worldview topic is basically the exact same thing. If you avoid discussing religion and politics at all costs with everybody, then don't bring up Bitcoin to people either. If you are going to preach and shove your Bitcoin opinions down other people's throats non-consensually, then please don't even bother talking to anybody about Bitcoin. But if you can have casual conversations with them without them feeling like you're trying to convert them, then go for it. In fact, rather than starting out, telling them how excited you are about Bitcoin, maybe start by asking them questions about what they think. Give them a chance to elaborate on their thoughts. If people think you're willing to listen to them about something they will often tell you. If they are the type of person who is afraid to say the wrong thing or wants to know what you think, first, they might hedge their response so that they can say one way or the other after they get a feel for what your leaning is. If you get the feel they are trying to avoid the topic like somebody would with religion, then you should mostly drop it and move on to something else, but if you get the feel that they are just hedging because they aren't sure whether you are pro or against the topic, then consider indicating what area you lean toward without being immediately and definitively overwhelming about it. They may then mirror in that direction, and depending on their response, it will tell you how firmly you can continue. Just be respectful about it. Don't come off as a jerk. Don't come off pushy or preachy. Make it a conversation instead of a lecture. For me, the real estate people are really easy to convince. I discuss with them some of the past experience I've had with real estate, including return on investment with equity in different cases, versus cash flow (I find that some states have real estate go up more in equity but have lower cash flow, and some other places. The equity doesn't increase as much, the cash flow is better), but either way, It seems fairly easy to show them the investment percentage increases versus the average expectation for Bitcoin. In a lot of cases, real estate is a pretty good deal if you're looking at 10% compounding, but that's also the average rate of increase for the S&P 500. In a lot of ways that's basically like the minimum standard. If bitcoins, 4-year cycle average even continues to decrease the ROI percentage every cycle for a while, I believe it's still going to outperform the S&P 500 and real estate investments. Granted with both stocks and real estate you can do some crazy stuff with debt leverage multiples. But that also comes with a lot of added risk. For somebody open to a discussion of return on investment, and being familiar with property and equity of some kind, it's pretty easy to have a discussion about Bitcoin as property and equity. Then you are speaking their language within their existing realm of experience and interest. If you can then elaborate on the differences between upkeep costs, all the better. I would kind of avoid the whole topic of it's early or we're so early or get in early. Those are all complete red flag ponzi scam phrases and concepts that make a lot of ethical and risk averse people strongly hesitate to even consider the asset. Don't make it about being or get rich quick scheme. Make it about being the Apex property, like buying property in Manhattan. The value and demand will always increase and go up. The equity in that property will outpace housing and the S&P 500 on average (IMO, not financial advice), Especially for long-term perspectives like a lot of people with real estate have and serial entrepreneurs think. But don't get me wrong, a good entrepreneur can definitely outpace Bitcoin returns by a ginormous amount. But that kind of success takes a special kind of person. And yes, I know people who have turned $70,000 of startup Capital into a small business equity with a valuation over $6 million in just 6 years or so. So 85x ROI? Yeah, you could do that with Bitcoin in the early days, and you'll probably still be able to do it with Bitcoin even now if you hold it long enough, but I doubt Bitcoin is going to 85x in the next 5-6 years. It's not impossible, but it's unlikely. So yeah, entrepreneurship can definitely always have the potential to outperform Bitcoin, But a lot of guys who own assets like real estate and other kinds of equity, will understand if given enough time and information and explained in their terms. And not everyone's going to be interested in it and that's okay. Just please do not ever shove your world view in someone's face, including your excitement for Bitcoin. Just keep reminding yourself that to people who don't know as much about it as you, to them, it can seem like you are trying to talk to them about your religion or your opposite politics. If you keep that in mind and remember to respect that they don't currently share your same worldview, it will go a long way to helping you have a reasonable and more respectful conversation about it So you aren't some overzealous preacher or lecturer that they won't appreciate. If you make it an actual conversation and let them have some time to talk, it will go a lot better. In that case, yes go ahead and talk to them. If they send signals that they are not interested or uncomfortable, drop it or change the subject, don't push it.

Gronkkkkk

End 2025 IMO… just wait ultil LTH reach euphoria in the NUPL

Available_Win5204

If you look at nearly all of the bitcoin "articles" this type of narrative is present. Everything is spun to try and create fomo, and to downplay other coins. IMO it's a bit telling that it is so desperate. Why would you need to spin things so hard if the asset was truly desirable?

Self_Blumpkin

This should not have been possible on an AAA chain like monero. That’s the point trying to be made here. It’s not like Monero is some Solana shitcoin… this is monero. THE privacy coin. Because of this, it will likely not be trusted in the future. And you’re asking about why Monero isn’t succeeding while ETH is? ETH has the cleanest track record a coin could ask for IMO. That is what people want and need. You will NEVER see a bank invest in a coin with a questionable technical past with reorgs happening in 2025, 11 years after the coin was introduced. Most coins are one massive attack away from obscurity. A successful attack on BTC or ETH would set the crypto movement back a decade.

Relative-Message-706

I believe BTC is just the beginning of cryptocurrency - and that most "alt-coins" are undervalued in comparison. Why? Because from my assessment, many other cryptocurrencies realistically have more utility than BTC - they just have significantly more circulating supply. I think ETH is the real Silver to BTC's gold. There is more of it - therefore it's less valuable - but it's also more useful than gold, so there is value. Then you have something like SOL which is (IMO) the Bronze to ETHs silver - same logic, it's more useful than silver but also more common than silver. I suppose you could apply that sort of logic to just about any cryptocurrency. Your "silver" and "bronze" may differ - or you may categorize them as other useful, but not as valuable tangible assets.

admin_default

Indeed - history is still being written. The important thing for any tech platform is to win the market first. Traders fixating on fee revenue maximization is very misguided, IMO - it’s too early. If Ethereum had tried to squeeze profit now, they could have killed the industry for a decade. Institutions are just starting to adopt. And the only thing that matters right now is that they overwhelmingly choose to build on Ethereum.

Accurate-Data-7006

IMO less than 1.5 years we will see a 300k bitcoin

A_Ripple_To_A_Wave

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

Lower-Cloud8191

We are still early until Bitcoin is no longer considered a speculative asset IMO. Once there is an established use case beyond a store of value then it will be mainstream

legoless12

How many rate cuts do you think are already priced in? September almost certainly is IMO.

jackfirefish

Bad take IMO. Having a home free and clear is a big deal of stress relief and a huge step forward towards being in a "f-you money" situation. Get laid off? Got fired? Not nearly as stressful as a paid off home. In regards to property taxes, there is a huge movement currently to get rid of this, with FL leading the way. Despite this, property taxes are much easier to pay vs. a mortgage every month. If you have enough money to "cash out" to buy a home, you can park 100k in a 4% interest account, and have the interest alone pay for your property taxes and probably a couple utility bills as well.

Dubb18

No. IMO follow the institutional money for the "safer" bet. Yes, I know there is no such thing as a safe bet. SOL and AVAX are getting ETFs at some point in the coming months. As much as this goes against one of the core principles of crypto ideologues, institutional buying is what is driving the prices this time around. ETF approval will lead to additional institutional buying pressure. There are companies that cannot buy crypto directly due to investor rules, so they do it through ETFs. When the US gains better regulation clarity from Congress (expected by end of year), then that will lead to more money flowing into the sector. Exactly where and how high things go from here is all speculative. A lot different from several years ago since there are millions of different crypto out there now. Several years ago, good news led the increase of everything. That may or may not be the case now.

SeveralOcelot2250

Congrats and good decision IMO. Owning your own home becomes harder every year and is really not a good investment if you need a bank to lend you money at an extortionate rate. I used mine to buy land and build my own house. No mortgage, no stress. Feels good!

HesitantInvestor0

I think looking at species and extinction risk compared with age is a good comparison. A species that lasts a million years is 50% less likely to go extinct than a species that just originated. This can be viewed through the lens of certain technologies as well. In both cases, animals and technology, the question amounts to adaptability. Since Bitcoin is open source, it in theory has a better chance of adapting. That said, Bitcoin isn’t all that old. It’s got a long road ahead before it reaches the imbedded status of other protocols. As it grows in size and usefulness, it will be less prone to obsolescence, but that will take a lot of foresight and hard work. I say all that because IMO the way to think about the price is a function of Bitcoin remaining relevant, stable, secure, etc. If it can do those things, the price will likely continue to rise. The only other thing to keep in mind is that the timeframes become more and more stretched in all likelihood. If it reaches a million in the next decade, it might take a decade more for it to reach two million or three million. Most likely scenario: Bitcoin adapts, allocations grow, volatility declines, CAGR slows down. If that scenario plays out, I’d say Bitcoin becomes more likely to continue growing, but at a slower pace. Your question focuses too much on price and not even on time IMO, so it’s difficult to answer succinctly.

ImNotDex

IMO wait 2 - 3 years when everyone starts selling again, best time to buy.

MichaelAischmann

No, crypto still is the future. Digital, global & censorship resistant. If we knew what the best pick is, we'd all be rich. IMO you could still go for what you used to have. Pick things with a long term perspective & best of luck.

magiky13

fiat is more of a religion than btc IMO

Jay10826

IMO you've done pretty well so far. But don't screw up now by buying at 115k. If (when) it drops to 80k, then buy.

Coldshalamov

IMO you shouldn’t sell until not a human alive knows what a dollar is.

jormor4

Litecoin (LTC) and Monero (XMR) LTC has wider acceptance and is similar enough to BTC that people feel it’s relatively safe and simple. XMR is probably the best example of digital cash because it’s private by default. There are some Neither of these are instant, but they have a good balance of the best factors for payments IMO. I hold both, support both, and feel they’re both undervalued. I feel these are both truly here to stay but LTC is the safer option to hold because it’s less likely for large governments to try and ban its use or attack the network.

electricZeel

At my county college, the PHD economics professor agrees with me. We Find the prospect of "difficulty induced blockchain lockup" to be an obvious effect in markets without the capability for inflation, even if one unit can be infinitely divided... From the beginning bitcoin was designed to be a bubble, and like all bubbles it will pop. The bitcoin difficulty rate's scaling behavior was designed to enforce this, IMO Humans are always looking for the fastest, cheapest and best way of doing something and eventually new innovations, still unseen today will appear in new projects and attract new capital. The beauty in all this, is that the possibility for massive amounts of wealth from BTC to be instantaneously moved into other crypto coins. This will bring about another generation of crypto-millionaires and then the process repeats. All abord the hype train! Chooo Chooo. IMO BTC has more in common with the lottery and gambling then it does with reserve currencies and trading. The spirit of bitcoin is in financial decentralization, you get to be your own bank. That's what drew me in. Today, its really-obvious that bitcoin's price is being fixed by the few companies that hold large quantities or mine it.

Alfador8

I agree with everything you said. I don't think we'll ever be in a bitcoin only world. The question is more a thought exercise, IMO. Taken to the logical extreme, how does bitcoin impact war waging? I think my answer was accurate. You're right though, that the benefits of a flexible money supply, and the control money printers give to states is too powerful to go away. From Bitcoin's perspective, there will always be more fiat monetary units chasing the same number of sats, so it will always go up over the long term. That's why I hodl.

btc_set_me_free

He's just been around for a while, got right a handful of times, has a degree in nuclear physics (or something like that). He used to be better IMO before he started pushing his own platform. Haven't watched him in years.

MichaelAischmann

IMO, the question is always what to do with the cash. Idle fiat will lose value. Only sell if you have alternative investment plans or want to use the money.

JAGEX_WHY

No doubt. And thus the "a broken clock is right twice a day", because the OP is using AI technology poorly to get a based answer: invest in BTC. I'm just questioning the OP's rationale for using *and posting* Grok AI at all. IMO just because it agreed with him lol.

pakovm

IMO there are better Los than Spark, but Spark might be with us for a while for sure, but there's something that Spark has now which is called "Unilateral exit", if Spark ceases to exit you will still be able to withdraw your funds to the Bitcoin blockchain.

CampHot5917

IMO it’s to late if u wanted to do that why wait until things are pumping?

j4c0p

Uniswap/1inch for ETH. DEX with native coins - Chainflip Thorchain Near via Thorswap (just pick route you like) IMO whole space is moving already in DEX direction, CEXes are just fiat on/offramps

nix239

IMO, this is just the beginning. Will probably keep rising due to interest rate cuts until after thanksgiving.

netflix-ceo

Exactly, Nearcaster is much better since its closer IMO

JakyGuard_Solflare

IMO it is possible that eth will be trading at 7k at some point by the end of this year or q1 next year

GenBlk

IMO yes, keep DCA'ing for the next couple month.

Away-Cake-5566

"a lot of profit" is enough to retire on?  u need to provide more details. its important to know if youre all in on shitcoins (yes SOL is a shitcoin) or if youre just in btc or btc/eth. IMO btc is what you should save in because theres nothing else that compares when it comes to counterparty risk. the downside volatility is no longer there compared to before when we didnt have a pro crypto administration. i wouldnt diversify into stocks or physical goods because they are all inferior compared to a truly non custodial digital asset. just loan against your btc tax free for living expenses as you need them. selling crypto is stupid move.

BananaLlamaNuts

I would argue that this actually hurts Bitcoin adoption. It may help reduce supply, but normies are terrified of the UX of crypto -- rightfully so IMO

HesitantInvestor0

I have watched and read him. I wouldn't say he has outwardly expressed what was claimed here at all. From what I gather, he seems to mostly support a relatively free system with guardrails, which is reasonable. He also thinks that the ancient Greek system was preferable to outright democracy, which I also agree with. The current system obviously doesn't work in America and the west at large. The problem with his views IMO is that we don't have the same caliber of leadership that the Greeks had at their peak. Politicians are neither smart nor wise, so unless we can incentivize competent leadership, his views are too idealistic for my taste.

McTeezy353

IMO max price in our lifetimes will be 35 million. Just doing rough math on the amount of btc in possession of the US govt and what the price would need to be to pay off the national debt. Just a thought.

Suspicious-Local-901

If it’s the legit app of that platform, sure, it’s safe. But when looking for Bitcoin, I suggest apps like Relai or Strike. Because they come with a self custody (hot wallet), which is better than platforms IMO.

Bluebird-9641

You're right on IMO, when I heard about the DOGE ETF and the random cleaning company that announced a DOGE treasury strategy I just laughed and shook my head.

jebix666

I bought a place 16 years ago, in that time I saw rent go crazy while my mortgage maybe went up $100 in those years. If you are going to live in it, its basically rent control but when you leave you get some money as well hopefully(assuming the market does not crash). Best to invest in both IMO.

okalex

IMO hashrate is not a good measure of anything, unless you're a miner. It's just a reflection of how profitable it is to mine. So if the price rises, chips get cheaper per hash, or energy gets cheaper, then it makes sense to bring more hashing power online. And since chips are still getting more efficient and more densely packed, hashrate is going to continue to rise along with it.

KiNg-MaK3R

Yeah, both books try to give you a little bit of history before going into bitcoin. It’s worth getting the history IMO.

MichaelAischmann

Bitcoin dominance has been dropping for almost 3 months now. IMO the alt season has already started.

MichaelAischmann

According to CME, 90% expect 25bps & 10% expect 50bps. IMO, 25bps are priced in. Anything else (no cut or 50bps) would trigger a significant market reaction. Data will be released in 7d 4h 30m.

33NoBody33

IMO here comes alt season and im loading up on AI coins like $LA

semanticweb

In case of hesab pay, they use custodial wallets so that the individuals need not manage the addresses. Hesab pay is using blockchain to keep their IT infra simple and easily maintainable in the long term. I think organisations with similar aspirations and part humanitarian councils will certainly be attracted to this product as it may make accounting easier. IMO it is a B2B product.

OneDigitNumber

the perfect entry is very rare. most of the time you either get stopped out or locked out. stop losses ironically cause more losses than they prevent IMO. you have to be comfortable being underwater for some time on a trade. this means not risking more than you are comfortable with. it sounds like you are risking more than you are comfortable with, and maybe also trading on too low of a timeframe (the lower the TF the more noise). this also means choosing what to buy wisely, so you feel comfortable enough holding it underwater for some time when it inevitably happens.

jclaslie

True, unless you’re doing whale-size trades, the fee structure can sting a bit. That’s one area where dYdX is still way ahead IMO

Ok-Sympathy9768

I was late to the party… so, I remember trying to buy 100 bitcoins because it might be worth something someday and there was a chance you could possibly retire on it (but my bank flagged me from transferring money to an exchange ) and shortly after it skyrocketed to 20k…I would have sold half of it for sure … after that the goal was getting 21 bitcoins and you would be set for life someday ( like in 10 or 15 years)… looking back this gives me some insight into where bitcoin will be heading as an investment/ hedge to stay ahead of the inflation curve… if a person hodled 100 bitcoins for 12 years years or so, yes they could have easily have retired IMO.. 21 coins at price of 2-5k each.. at the very least it would be considered a good investment at this point in time.. moving forward I do not believe there is going to be huge spikes in price…. It will be a more gradual rise, but still stay ahead of the inflation curve.

StrongKnee420

Official gold reserves in the US are 760 billion. US debt is 35 trillion... it barely covers 6 months of interest if it even exists. So yeah, it would be nice, but it doesn't matter. So IMO, given how small the reserves are in relation to the debt I'd say it is almost a red herring to go after a gold audit. A more pressing matter is how much of the US armed forces (as in the force projection that backs up the USD) that actually works. The USN don't even have enough supplies to fight the worlds poorest non-country (South Yemen). This would mean that there is no muscle backing up the USD and the threats of the empire.

BTC_is_waterproof

It is. And this speech is also anti-Bitcoin IMO

Dear_Flower_4733

Bitcoin and Gold both have market caps in the trillions. IMO where people get confused is they think they’re still gonna make bank on Bitcoin. Bitcoin is a good investment but it’s not going to change your life like it would’ve if you invested 12 years ago. So yeah you can increase your money but if you want to actually make any real life changing money investing in Bitcoin at this point it would have to be futures trading and that’s a risky game to play

skr_replicator

Research any coin you want to invest in deeply, try to support only some that actually look useful and a good idea. Before that you might want to stay in bitcoin, and even then unless you feel lie a risky innovative investor, bitcoin should still be the biggest part of the portfolio. Don't impulsive buy or sell everything at once. DCA is a far better strategy, and IMO even nicer strategy is a biased DCA where you pause buying when it's going up, and resume when it falls at least 10%, and the opposite for selling. And definitely switch any price charts you look at to logarithmic and zoom out as far as you can go, ideally to see the entire history in one picture. This will revel the 4-year cycle to you, allowing to do even better buying and selling strategy, you might then increase the buying when it falls to level that looks like extrapolated bottom, and increase selling when it rises to level that looks like the extrapolated top. Hint: right now, bitcoin looks like it's near such a top. How? Go to [tradingview](https://www.tradingview.com/chart/?symbol=COINBASE%3ABTCUSD), on the top left switch to 1 Week, or 1 Month, on the bottom right under the little gear, turn on Logarithmic and Auto. And then point at the chart and scroll down until you see it all.

FrenchieCrew732

I’m in the same boat. IMO don’t do it.

HerpTurtleDoo

Bitcoin Treasury companies are the new Alt/Shit coins, IMO. They are acting much more like shit coins this bull run then anything else, and when bitcoin goes into bear season, they are going to burn. Good luck to anyone trying to time the top.

MichaelAischmann

First understand why you want magic internet money. More fiat should not be the sole reason imo. I own a few cryptocurrencies in a self custody wallet because I don't like the idea that banks or governments can simply freeze & seize everything I have in my accounts. If I want to support the opposition, that is my right. If I want to support Wikileaks, that is my right. I don't like the idea that others have full control of what is supposedly mine. Then you should ask yourself what you want to do with your crypto. Simply hold it for a potential sale in the future or do you want to become active creating NFTs or using it in decentralized applications. IMO the most significant metric that determines the value development of digital assets is the M2 money supply. I don't like trading much. Time in the market often beats timing the market & holding is way less stressful.

OrangePillar

Use an extended passphrase, but keep some on the non-passphrase wallet in case of something like what you’re talking about happening. Exchanges get hacked and there are a lot of social engineering scams that make it easier to lose your bitcoin if you keep it on an exchange. IMO, your risk of losing it on an exchange is higher than being held at gunpoint.

word-dragon

Well, re: edit 2 - self-custody means you are the custodian. It's not really that hard to get it right - a little education and care. But if you can't do that, you can use exchanges which are more paternalistic (good news, bad news, which you can find elsewhere in reddit). They are much like your bank in some ways - they make a line in their spreadsheet which represents what they owe you from their wad of coin, and gamble the wad and possibly charge fees to cover expenses and feed their stockholders. The main difference is not a lot of regulation on the exchanges, and generally not insured if they go bust. Many countries have government backed insurance for banks to some level, and a lot of regulations to keep them from having to use it! I would add, this doesn't really save you from the $5 wrench attack. Once its sent, its gone, whether from your cold wallet or an exchange. Pretty much true of gold, as well. Four things to self-custody, IMO: 1. Keep your seed phrase (and your passphrase, if any) a secret. This means generate it in private - no open cameras, don't talk in front of Alexa or her friends, stamp it on metal, test that you have it right and lock it away in durable storage. Don't talk to your friends about it. 2. Do remember that your timeframe is decades (or at least until you are ready to (see #3 or) cash out, and the value may grow enough to turn it from a hobby into a large asset, so you have to get it right from the start, and probably review every few years - technology changes, you learn things, and the amount you are protecting also may change. Don't talk to your friends about it. 3. Make plans for how it will get passed to your heirs, or used in the event you become incapacitated. If you are in your twenties, you can't even imagine who your heirs might be in 30-40 years. Many people here will tell you how to use technology (multisig for example) to get around inheritance. Firstly, in most jurisdictions, this isn't even legal - when you die, all of your assets become part of your estate. It's not legal for anyone to grab your coin any more than to walk away with cash or stock certificates in your safe. Even if the person you want to get it is the one to grab, you are possibly putting your heir(s) in the middle of an ugly family legal dispute. Secondly. its hard to predict now what your inheritance and inheritors will be if and when. The legal process for inheritance is slow, and arcane, but it usually tries to get it right, based on your intent. Don't talk to your friends about it. 4. Don't engage any services which want to store, preserve or otherwise get your private keys. If they get on line in any way (even a photo in your cloud), they should be considered lost. Really, really, don't talk to your friends about it.

Strange_Director_621

This - IMO, the banking system is at risk before Bitcoin.

StandardMacaron5575

Less than 21 million Bitcoin available (7 billion humans) Hodl'ers and gonna hodl. Bankers, Corporations and whole countries realize this scarcity and ability to store and move across borders is a good way to store and secure wealth. It is the USD that is the reason for Bitcoin, it is not sane to put your faith in this any longer. IMO

MichaelAischmann

Been in this market for nearly six years now & definitely have outperformed inflation. IMO the market hasn’t really decided if BTC is risk on or off. That’s why at an event of uncertainty, weak hands sell. It drops initially but 2 months after the event it usually has outperformed most other assets.

Negative_Salt_4599

Bitcoin is separate from crypto IMO. Is Michael Saylor buying up crypto. Is Larry Fink buying up crypto now. They’re buying up BTC and ETH.. Mainly BTC..

xte2

Mh, ça n'a pas beaucoup de sens comme stratégie selon moi parce que toutes les cryptos sont extrêmement corrélées au bitcoin, bien sûr, elles n'ont pas exactement la même évolution, mais la corrélation est très forte. Diversifier sur des cryptos naissantes que l'on pense avoir des caractéristiques intéressantes en y mettant des miettes et en voyant où elles vont après peu de temps a du sens, sachant que sur 10, 9 on perd et 1 fera quelque chose. Acheter sur les montagnes russes en comptant que l'amplitude de l'oscillation soit supérieure à celle du BTC peut avoir du sens, mais rien de tout cela n'est à long terme. Le BTC est opéré par beaucoup, il n'y a pas de fondateur connu, changer est un processus incertain et démocratique par la force des choses, il a une garantie, les autres sont semi-centralisées pour une raison ou une autre, donc à court terme elles ont un sens spéculatif, mais les garder immobiles est inutile. ----- Mh, it doesn't make much sense as a strategy IMO, because all cryptocurrencies are extremely correlated to Bitcoin. Of course, they don't have exactly the same trend, but the correlation is very strong. Diversifying into nascent cryptos that are thought to have interesting characteristics, putting in small amounts and seeing where they go after a short while makes sense, knowing that you'll lose on 9 and one will do something. Buying a few rollercoasters, counting on the amplitude of the oscillation being greater than BTC might make sense, but none of the above is long-term. BTC is operated by many; there's no known founder. Changing it is an uncertain and inherently democratic process; it's a guarantee. The others are semi-centralised for one reason or another, so in the short term they make speculative sense, but keeping them idle there is useless and needless risky.

Own-Profile5541

I say bitcoin hits 200k before Christmas. We're on the doorstep of a bull run the likes of which the world has never seen. There's never been real world usage on this scale. There's never been institutional buying and usage. Ever. IMO. The prices are being artificially held down while whales and institutions continue to stock up. Its not possible that so much bitcoin has been bought up and there price is where it is. It makes no sense mathematically. Bull run over? No. It has not started. Mark my words.

DepthHorror9528

I got both. Safe 5 is my favourite because it feels like great quality in your hand, and super easy to use with nice touch UI. Coldcard is technically better but IMO feels more technical to use and I don't use the overkill features like air gap. Your hww is not going to be hacked through your USB cable.

Strange-Weather8725

So it's like a small bank or a human btc-ATM? Not really a step in the right direction IMO.

Neat-Finger197

This is a great post. Not that you need me or anyone else to agree with you, but IMO you executed a perfect financial strategy for yourself and your family. Bitcoin gives us optionality in life—to be able to do what we want to do at a day and time of our choosing. Simply put: it’s a savings technology. We can’t save in dollars anymore, so people look to harder assets to save ie gold, real estate, Bitcoin. A Stoic would say happiness is being content with enough, and you sir appear to have nailed life for yourself and your family, well played.

JjyKs

I was attending a local Lan Party (Assembly in Finland) in late July of 2009, between the usual exhibitors, there was this hippie with rastas looking guy with a foldable table and a TV with some graphs (difficulty I assume?) in it. The dude pulled me and my friend aside and started telling us about next big thing, asked us what kind of PCs we had and said that we could get multiple bitcoins per week with them. I asked him what kind of value they would have and the dude said that currently nothing, but in the future I would thank him. Ofc that sounded really scammy, install some random software and let it use my machine so I just laughed it off. Only good thing with this is, that I'd most likely just buy a pizza or something with them as soon as possible. Would IMO feel a lot more terrible to use potentially hundred million for a pizza, than not even having the coins to start with. Damn you hippie guy, never forget and hopefully you hodled your bitcoins.

chazmusst

IMO this is very risky from a personal security standpoint.

allthatyouare

coming from a mix of places IMO: people cashing out of second homes or using HELOCs, tradfi investors finally buying, and millennials seeing it as the only way forward, profit-taking from AI stocks, global demand in places where local currencies are collapsing. It’s not one single wave — it’s all of these hitting at once

Capt_Roger_Murdock

>Scaling L1 will make it cheaper and easier to store larger amounts of spam as well. >We really need to focus on update that make L2s better. IMO, this is an *extremely* (and dangerously) misguided view for the reasons outlined in [this post](https://np.reddit.com/r/btc/comments/1bzjz5i/layers/).

Capt_Roger_Murdock

IMO, this is an *extremely* (and dangerously) misguided view for the reasons outlined in [this post](https://old.reddit.com/r/btc/comments/1bzjz5i/layers/).

TimeFishing278

IMO, most are here to Hodl BTC, not cash in at this moment. So buying when the price is lower nets you more Sats for the same price than when the price is higher.

Tobias_Riep0r

This time next year everything will be cheaper than today IMO. But for 2030 sure it’s not a bad idea

Quinquangular

This is the bitcoin sub. Of course people here will say yes. You ask anywhere else, people mind say it’s ill advised. It all depends on your risk profile and appetite. IMO, get a home.

_TheWolfOfWalmart_

This is probably going to cause a run up into the upcoming FOMC meeting IMO.

TripTryad

Well, historically you wouldnt sell before the cut announcement, you would sell into the rally that usually happens when the rate cut is announced, but make sure you sold before the dump that follows. It usually spikes, THEN it goes down. I don't recommend this though. IMO there's still no way to know if this time will be different, so be careful.

hawkeye224

So yearly return of 8%, worse than SP500? I don’t think so. I think either bitcoin falters and goes to almost 0, or significantly outperforms and goes to millions. Extrapolating performance of the last 5 years IMO does not make sense

GIGAbtcHodl

Institutions are buying BTC at such paces, it should not be that volatile anymore IMO

oh_le_S

IMO Mediocre data will seal the deal on a rate cut by the Federal Reserve in twelve days. A slightly better-than-expected figure will not derail this forecast, while reassuring the state of the US economy. Only extremes would pose a problem: very poor figures would raise fears of a recession (but would revive the possibility of faster monetary easing, which would not displease the equity markets), while very favorable figures could call into question the rate cut.

Ark3tech

The fact that you can keep a 16 year old daughter's attention about Bitcoin is more impressive IMO.

tomsmac

What I feel is a LOT more dangerous is that the last two times the Federal Reserve lowered interest rates the 2 year and the 10 year didn’t not participate and in fact retail rates increased. Im confident that this will repeat however this time it’ll be on steroids. We’re about to see the mother of all stagflation IMO.

Internal-Marzipan313

IMO 6102 was just wealth transfer from the poor to the already rich class. Because the rich very likely were exempt from 6102 in the first place, as they are shielded behind walls of lawyers, accountants and nation state protection by owning houses/passports in other countries. VS the poor who hoarded gold and were cash poor asset rich and had zero protection. It costs IRS etc too much to chase a billionaire and pay for forensic accounting vs the low hanging fruit, especially when the low hanging fruit have hoarded an asset that is seized. In a crypto scenario it would likely go down via "your keys or jail" followed by, whilst in jail, "your keys or I beat you with this $5 socket wrench" and again the rich would be protected and the normal people would hand it over. You could only escape if the government didn't have transaction history, i.e. you're still holding **mined or faucet coins** and haven't sold any of them. People seem to think governments wouldn't do this but we have 1st world governments sending people to jail for multiple years for tweeting opinions right now.

ThriceHawk

Just start with BTC/ETH/LINK. BTC is king, and ETH/LINK are otherwise the most adopted projects in the space. You could branch out with SOL, HBAR, AAVE... but starting to dollar cost average into the first 3 I listed is, IMO, the safest bet for 80-90% of your portfolio.

LOLNerd91

I completely agree that Bitcoin was created by a secret intelligence agency. The same agency that faked the moon landings, faked COVID, and false flagged the 9/11 towers. I’m here for survival, this is what makes Bitcoin the SAFEST BET IMO. I’ve put 75% of my worth into bitcoin. Because I know it is one day going to be the global gold standard propped up by the NSA, and I will have enough to retire on. If you can’t fight the system, go with it.

No-Wish-4737

I have spent a lot of time (for work) in Indonesia and Thailand. I am a westerner FYI. If you are going to move there you will never own a house, or much, foreigners cannot own property in full, so you could live the baller life, but I would stick to Flores island (Catholic) or Jakarta. IMO Bali has been very played out, although I could most certainly spend some more time in Ubud, that place is sweet!

Bay_Brah

Very conservative take here IMO. Sure the S&P has more historical information but it's propped up and could do anything in 30 years. Factoring for inflation and taxes, the rate of return is pretty questionable for most. I also have climate concerns on a 30 year timeline; the economy is a contrivance that can only thrive so much if the environment is in peril. To each his own though, as they say.

jekpopulous2

USDC has their collateral in safer assets. Tether is also mostly backed by reliable assets like US treasury bonds but also have a little collateral scattered around things like Chinese real estate which makes people nervous. I’m personally not worried. People have been saying Tether is going to collapse since I got into the space in 2015 and it never happens. You also have to realize that Tether generates about $14B / year from fees and interest on reserves. Even if they took on some bad collateral they have an insane war chest that could be used to cover it. So yeah… USDC is slightly safer but IMO Tether is fine. I’m not especially concerned about holding either of them.

IAmSomewhatDamaged

I have some Doge and a couple other little shitcoins from last cycle, but I’m just gonna be dumping them as soon as possible lol. There aren’t very many Altcoins that are actually worth a shit IMO. In recent days, I stick to Alt projects like Ethereum, Cardano, Solana, XRP, Chainlink, and MAYBE a little HBAR and Polkadot… but I’m DONE with memecoins. I may be missing a couple good Alts, but that’s off the top of my head.

jalps1

I've given opendimes and satscards from coinkite to people as gifts in the past. I think they're hard for newbies to use, but opendimes are pretty cool IMO

callebbb

Oh yeah, a 10x of my savings is totally useless! /s The haters are probably nocoiners, and they just wanna shit on people that save in an asset that appreciates. I will admit, some of the hyperbole around generational wealth is pretty braindead. That being said, if you could take 111k today, buy a whole coin, and sell it 17 years from now for $13million, that’s generational wealth IMO. I could easily grow that, never “work” 9-5 again, and find myself with more money for heirs than when I started. So it’s not all hyperbole.

Few_Response_7028

For your facebook marketplace, that's quite easy, just offer an address. for the website, the reality is that its pretty complicated and more challenging than most people on this thread let on. for a truly hands off solution you need lightning with liquidity management, you will need to hire a developer to integrate this into your shop. IMO, it's pretty tough out there for small businesses integrating lightning. I couldn't justify it with my new web application, but plan to do it in the future when the barriers are lower.

Bitter-Sprinkles5430

I appreciate this is not a serious post, but I'd be interested in seeing a real-estate to BTC index of some description. $ value doesn't tell the whole story IMO.

Starfish_Croissant

Rate cuts will exacerbate the inflation problems. Unfortunately, they are pretty critical for RE Developers at this point. There is no easy way out IMO. Don’t raise rates and RE Developers (commercial and residential) start to slow down even more or fold, which ripples through the economy in big ways, and inflation still goes up because of tariffs. Cut rates, RE developers are happy and projects get unstuck and start to move again….as cheap money drives inflation. Meanwhile, consumers are making other arrangements to replace our exports (farm goods), we are not set up to manufacture anymore and that is not a quick fix, we are WAY behind the 8-ball on energy production increases (moving backward), and infrastructure has been at a standstill for 20 years because public money is funneled into pet projects in Washington instead. I don’t personally see a way out of this where we in the U.S. are not left behind, or playing intense catchup for the next 10-20 years to stay in the game.

GIGAbtcHodl

Economist Alex Krüger is super confident we're not at the end of the cycle, predicting a crypto reversal soon. He points out altcoins are stabilizing and expects volatility until the FOMC meeting mid-September, with the real bull run possibly continuing into 2026. We also believe that traditional cycles are over, it won't be this volatile in the future as it used to be IMO