IMO

Redhaired103

I'm very pro-individual budgets in a relationship. Like a couple CAN and SHOULD have a joint account. But they should also have individual accounts and make whatever they like with their money. I consider that information private too. Not a secret, just something private. This is financially wise and IMO responsible way to go on about this. You are a couple, but you are also individuals. I get the impression the main problem here is that you didn't have a conversation like this with your wife? I think that you should. Bitcoin could be considered your own individual account/budget/investment. And note that in ANY different scenario, people ALWAYS lie. I have seen it again and again. They lie about the price of that perfume, or hide that lunch they had with their friends, or something. People should allow each other (financial) space in a marriage too.

Particular_Pop_7553

So what about Alephium? It actually is solving issues like reentrancy and MEV attacks that plague Ethereum. I don't think any other chain has touched on this. It also makes tokens themselves a native asset so you have full control over them. Uses sUTXO as well, essentially just UTXO like bitcoin but also account logic for SCs. Also custom language called Ralph which does things like explict asset approvals,built in annotations, and its syntaxs makes ralph more simple than say solidity. Did I mention it uses proof of work? So full network security of bitcoin. It also uses something called BlockFlow, which is pure atomic single step sharding which has also been abstracted away. Something to keep your eye on IMO. Fundamentally it does something different that no other chain does. Actually fix shit.

BQbaobao

Buckle up. USA done in iran for now. Iran havent closed the strait of Hormuz yet. If they were going to they would have already. But with the symbolic attack todays, its clear to me that they likely won’t at this point since they’re afraid of pissing off trump. Meanwhile tens of billions in shorts lined up for a squeezing. IMO if you arent long right now, you are going to find yourself severely offsides.

abjones97

fees and spread on normal Kraken are bad IMO, sorry Kraken Intern, Kraken Pro has better numbers in your favor.

BonjoBonfyer

Oooph…hard lesson for the OP. IMO that is a huge amount of money to put into only three cryptos . Bitcoin would have been the better one to invest in for a long term investing type Grandma. It has the history of having a long term advantage. I’m new to crypto too but I have a spouse who has invested previously. I’ve doubled my money on Bitcoin in a year. Bitcoin volatility/stability is much more easy to follow than most other cryptos.

reddituser1222222222

Agree not yet, but in the near future? I think so. As regulatory approval comes and more players shift to the blockchain/web3 space, the rest will follow. Hard to say exactly when that will happen but inevitable IMO

solomoncobb

Who's refusing to use modern medicine? We refuse to pay unaffordable prices. And what will happen? Prices will eventually go down. It is a supply and demand issue. We ate taking the route of activism, IMO. You are willingly overpaying within a broken system, and think that makes you better. You sound like a rich southern baptist who believes poor people are evil.

JustinPooDough

Depends entirely on how they acquire the bitcoin. There's no reason many cannot exist if they acquire BTC in a sustainable manor. **The other possibility:** Enough of them emerge prior to the next bear market that supply becomes the predominant driving force of price - essentially enriching all of the BTC treasury companies that already bought in. This is also possible. IMO the latter situation will eventually play out, will likely result in a massive squeeze, followed by a sell-off, and then a gradual but constant ascent back up.

respectandmanners

"the war in Iran is practically over now" Oh my, that's the hot take for the day, IMO. YMMV.

McDrains22

If you have conviction in the project/s you picked it’s only about the amount you have and the market cap. The price isn’t too important yet. IMO. Grab $1400 worth of something and watch it drop 50% with the market. Have the fundamentals of the projects changed? Usually no Especially those that built in the bear and still building. Hold and wait. I don’t know what will happen with the economy and crypto but I would rather risk what I’ve got in crypto and go for a 100X (mine will I know that’s fact iykyk and no i won’t shill it) vs having cash you might blow on a vaca or something. I say hold and pray. Many in past cycles wished they had help

m0r0_on

Fair question, as u/Boogyin1979 pointed out, core as a big development team, which reduces chances of vulnerabilities, increases output of features. Whereas Knots ia a fork of core, that has effectively one Owner and Maintainer, you can imagine what that means for security and maintenance of the software... It's a bad choice IMO

searchingtruth1

Ask yourself why, if this "tech" and the projects behind it, hasn't Amazon, Apple, Google or Microsoft been scooping up these for big$?? Those guys don't let gems slip through their fingers, ever. Also, why is there almost no independence in price action? When its green damn near every ALT project is up about the same, Red same thing but down. Too many scams n scum still, retail is broke and not coming back IMO. Not worth the risk without legit shots at 10x+ returns anymore...

ill_intents

If WW3 breaks out, I think the demand for bunkers would skyrocket. would be too late to buy a bunker at that point IMO

Typical-Green-7352

I have ice cream in the freezer at home. I am ready.  But seriously isn't that just the best thing about it? You go looking for decent counter arguments and the best you can find is shit? That's some of the best evidence you can get. Same in the buttcoin sub IMO. One of the most pro-Bitcoin books I've read is Antifragile by Nassim Taleb (2012, written in complete ignorance of Bitcoin's existence) and then later Taleb came out with a fully developed research paper explaining that Bitcoin's value is zero and it should be priced accordingly. Great guy, smart guy, independent thinker, I really respect him. But his thesis amounts to this: * bitcoin doesn't produce income * eventually the price will be zero (don't know when, but even Earth's days are numbered, right?) * anything that ends up at at zero, and doesn't pay dividends along the way, should be priced at zero today * therefore bitcoin is worth zero today Is that the best argument we can come up with? Then I'm a happy hodler.

drewshaver

I don't think either of those things is an appropriate use of governmental power. IMO, the extent that a government needs to keep some amount of money stockpiled should only be to ensure continuity in a black swan event and as a buffer between tax seasons.

StrategyComplete9982

I agree with you that number of 'retail traders' losing money is accurate. Retail trading = day trading, swing trading. In other words, buying and selling and trying to predict price action daily or weekly. You have to be very very skilled and learn how to do this, I agree. Investing is about probabilities. I, for example have a bunch of cash sitting sidelined and I am playing the probability that the same thing will happen this cycle as every other cycle (a bear year after 3 up years, we are barely even getting the 3rd up year this year). So yes, while it is possible that price runs away and never comes back down, it is just not probable and is based in no data. It is easy to say if you are already in and have been in, your strategy may be different. Someone getting in now IMO should play the strategy I outlined (DCA in the bear year)

ilouiei

IMO the 2021 run was unique cause of COVID and the distribution of stimulus checks, NFT hype, and increased retail interest because of what happened to GameStop.

dont_ban_me_please

IMO the ETF's are the reason its not falling.

ProgrammerLeast4710

John Nash IMO is Satoshi

formyburn101010

It's the OG Trojan horse. IMO. Dont kill me, crypto community...

solomoncobb

We don't worry about things like medical bankruptcy. If ever we faced medical bills that were so high and crippling that we couldn't afford them, the system would take a loss. But, we also don't borrow money, or need a credit score to live. Although, I have a good one, somehow. This would be the second time I've heard someone mention their main priority or one of them, when considering where to live the rest of their life, or how, being the cost of or distance from medical care. Which, IMO, is an insane way to look at living life. What I need to live, and what drives me, or what fears I would have about the future, or what I consider "education", and what my priorities are in life and the living of it, are probably not going to be things you'll understand. I do have a son. You CAN live independently of many of these "advancements" in civilization that turn citizens into debt slaves, still. But it is increasingly harder to do that without appearing insane to the people who've chosen to lock into 30years of debt, and wait for this carrot dangled in front of the donkey, "retirement", to begin living a life you could've been living all along if you would just find what you need to get rid of your fears. Whether it be a real working faith, like the amish, or like the Palestinian, or like the Gurus in India, or just a staunch opposition to a corrupt system that makes you sick, keeps you sick, then expects you to willingly pay when they fix something they caused with their poisons and "medicines".

dickbutt4747

IMO you're missing a key point here: banks buy US treasuries with your deposits. they then sit on those treasuries. Now they will be able to use those treasuries to mint their own stablecoins, and they will definitely do so. so it's pretty much guaranteed to pump a shitload of bank-created stablecoins into the blockchain ecosystem which will prop up bitcoin (and the rest of the market, too, but it's looking like most of the smart money is going to bitcoin). it'll be massively inflationary on basically a global scale (it's literally just banks who own treasuries now being able to magically \[and legally\] mint huge amounts of stablecoins out of thin air) but the synthetic money created by it will exert more inflationary pressure on crypto prices vs any other asset class (including goods and services) because it will exist on the blockchain -- it'll mostly be used to buy crypto, at least in the beginning. (eventually you'll probably carry a credit card linked to your bank's proprietary stablecoin, and vendors will accept that stablecoin. I think it's entirely realistic that in 10-20 years people will be willing to accept stablecoins in exchange for real estate.) the trump administration is doing this because a) they know exactly what it's going to do to crypto prices, so they're all loading up on crypto, but more importantly b) banks will be massively incentivized to buy treasuries (instead of lending to home buyers and businesses) because they can print free synthetic money with those treasuries and do whatever they want with it (like, lend it out via DeFi)...so it keeps the market for US debt strong, and interest rates on US debt low. That's the grand plan to "solve" the debt crisis. It's possible it'll work. it has the unfortunate effect that banks won't want to lend to home buyers anymore, because buying treasuries and minting stablecoins will be more attractive, so interest rates for houses will rise, while home prices are also rising due to the inflation caused by all of the synthetic dollars being minted. home ownership will be a distant dream for our children and grandchildren.

lurkinns

I trade options on crypto and normally i would enter a long trade at this level as I think that is highly attractive especially eth at around 2400. I personally think ETH should stand around 2500 however you need to look at BTC for the moment. If it goes under 103k there is a real chance that it will drop to 2300. IMO the chance of 2300 is higher than reaching 2500 atm. Keep in mind you take profit at an increase of 60$ but will take loss when it drops 120$. Risk reward is kinda off. We need to get guidance what US is doing with Iran then we can move on.

StrategyComplete9982

Not saying time it to the day or the dollar, but the 4 year cycle has been accurate thus far. IMO, wise investors use the data they have until it becomes invalidated. The cycle to theory has not been invalidated. With that said, he will have likely close to a whole year to buy at significantly discounted prices. And you pulled that 99% stat out of your ass, respectfully. You are confusing "timing" in the sense of trying to be a day trader or a swing trader with overall macroeconomic market cycle timing. The latter is not that difficult. I agree that the former, most people lose money.

AsleepVegetable3650

IMO Gamblers ruined it trying to long and short it, even though most positions get liquidated. 150k will be inevitable. Just spot buy, hodl and enjoy.

Lephturn

You are pricing everything in fiat. That’s a critical mistake IMO. It doesn’t matter what the price of bitcoin is in fiat. What I can say 100% is that fiat currency will continue to be printed (diluted, debased) in ever increasing amounts. It’s a certainty.

Aazimoxx

That's... Very unfortunate. 🫢 An expensive lesson indeed, now you'll have to hope that CMC ends up compensating losses - but even if they do, it'll probably be a long road. Sorry dude, there's no likelihood of a quick resolution IMO 🫤

wishyouwould

IMO if someone mistakenly transfers money, they should be liable for that loss, period.

sgrinavi

Some think there won't be a broad-based alt season this cycle. Best argument I've heard was that crypto has moved past the retail adoption phase and is into the institutional adoption phase and they just are not interested. IMO the top 10 to 50 (pick a number) will have a good run, but it's not going to be nuts.

Froz3n_Cornchip

Try to imagine paying back your loan for the next 3 years, including interest.. instead of DCAing BTC while it drops into a bear market… seriously think about it. You will be paying off your loan instead of taking advantage of cheaper BTC. That is gonna hurt! You want to borrow fucking 100k? This is fomo my friend. You are better off having a DCA plan IMO.

Elemental_Breakdown

Just consider how few people even own bitcoin at all! I'm not talking etfs, but have their own wallet. It's not likely to make you rich, but you see the term "store of value" being used here, which I think is the right way to look at it. Unlike physical gold, which is a total PITA to buy and sell, it's a great way to diversify. Even if it only ends up being enough for an extreme emergency, that amount definitely would cover a lot of situations if fiat lost most of its value. It's quite a bit IMO!!!

TopKekistan76

~10k USD. Current significance is marginal but does represent meaningful exposure to BTC which will in all likelihood grow in significance in the coming years. IMO .1 is the first entry tier to meaningful BTC exposure.

kendevo

Still early IMO.

Martinator92

[https://github.com/JeanLucPons/VanitySearch](https://github.com/JeanLucPons/VanitySearch) with a 1050ti you can do around 200MKeys/s, with something like a 5090 you'd probably be able to do 2-3GigaKeys/s, though it obviously benefits from more arithmetic compute than memory so those Enterprise GPUs won't help much, a stack of 16 5090s would get close to 50GKeys/s under perfect conditions IMO, and this is 6 year old software so there's probably more optimizations done, there's a more updated version here: [https://github.com/10gic/vanitygen-plusplus?tab=readme-ov-file](https://github.com/10gic/vanitygen-plusplus?tab=readme-ov-file)

Extra-Virus9958

Full bullshit Bitcoin ASICs are ultra-specialized chips that ONLY do SHA-256 hashing. That’s it. They can’t do addition, multiplication, handle RAM, or literally anything else. It’s like comparing an electric can opener to a Swiss Army knife and saying “look, the can opener is 1000x faster at opening cans!” Yeah, but that’s all it does. A modern supercomputer can execute billions of different instructions per second, run complex scientific calculations, physics simulations, machine learning… The entire Bitcoin network wouldn’t even be able to properly emulate a single CPU core due to network latency. So yeah, technically the Bitcoin network processes more TeraFLOPS… but for ONE cryptographic operation only. It’s like saying a factory that only makes bottle caps is “more productive” than a car factory because it outputs more units per hour. This impressive-looking metric means absolutely nothing in practice. It’s just basic crypto marketing to impress people who don’t understand the tech. This comparison is completely bogus IMO.

Chambana_Raptor

"Amidst the recent geopolitical turmoil, it makes sense that speculators and leverage traders are taking risk off the table." Exactly. I've said it before and I'll say it again: if you don't take profits you'll forever be a bagholder, in spirit. DCA in, DCA out. DCA back in. It's how you turn $5K into $100K in two bull markets (YMMV). BTC is a little different strategy, but my cost basis is sub-$15K -- why wouldn't I take enough out at >$100K to hedge my bets? There is upside of course, which is why I keep plenty, but Trump has a pretty likely chance to decimate the stability of the world economy sometime this year. Arguably, this is currently in progress. Devaluing the USD relative to other currencies additionally presents an opportunity for gains in traditional markets. As do the tariffs which disproportionately affect import-reliant companies with enough capital to weather 3.5 more years of idiocy. Without liquidity and diversification, any strategy is sub-optimal IMO. Happy investing, people 😁 looking forward to where it all goes so we can pretend hindsight isn't 20/20 lol

Elemental_Breakdown

This is a new space because of institutional adoption, which a lot of people longed for. We just need to be patient and wait for the next bear market, the fewer of us that are willing to pay over 100k,the more we will gain in the last year long term. I would love to see a bear market at the end of the summer while we all save up for it. Save everything you can and be patient, IMO we have about 10-29 years at most before quantum computers make us all vulnerable unless we get people working on a solution to this guaranteed way all our wallets are compromised, regardless of whether it's in cold storage or not. Buy the next bear and be ready when the quantum revolution comes to sell unless we sort out the vulnerability,

SpontaneousDream

Remember ETH maxis talking about how stablecoin growth is going to send ETH to $10k and beyond? IMO all of that value capture from stablecoins has gone to $CRCL. This is another example of why as an investor, you want to **own the** **killer app**, not the backend protocols (Tron, Ethereum, Solana, etc) that power it.

fresheneesz

Yeah, I guess I was mostly talking about the old fashioned "do it yourself" approach that too many bitcoiners have advocated. QR based communication with a hardware wallet is great. Still overrated IMO, but has very few of the traditional downsides.

ScoobaMonsta

Bullshit money grab I'd say. Anyone gullible to hand over money with the expectation it'll make them more money deserves to lose that money IMO!

Suspicious-Local-901

I understand why you would do that. But in the end, it’s all about ads IMO, so that kinda bored me out. What I can recommend in that genre is using the Fountain app to listen to podcasts

StrategyComplete9982

Its more than a dip dude. Its a predictable cycle where you have several months to get BTC discounted multiples lower. At this stage, so late in the game, where you are not going from 0 to 10000 and getting that 100x or 1000x just by holding, IMO if you are starting now, you HAVE to play the cycle unless you just have tons of cash.

elcaracter

You won't have enough to retire early, IMO. Only people make big money on bitcoin are, 1. Early investors or 2. The rich I'd look into something safe that can make you rich within those 20 or so years. My advice is to ask grok or chatgpt about kaspa. Then do some more research. I think you'll feel good about parking your hard earned money there.

rocket_beer

USD is a shitcoin IMO BTC is the real standard

throwaway214203

I really don’t think it’s going to go that big. IMO it’s like baseball cards. They hold value but few people are ready to provide the dollars for it at a moments notice. Can be used as a store of value, as an investment, even in trades. But corporations aren’t buying baseball cards. I’m ready to accept my downvotes now.

SpecialDonkey6563

It’s not the biggest impact of course. As I said it is an indirect impact. And of course there are negatives like KYC. But giving legitimacy to stablecoins indirectly gives legitimacy to Bitcoin. Overall regulation is a positive for Bitcoin IMO, even with the known negatives.

DebianDog

It should have never been near a dollar, it was all Musk pumping it. It was a meme coin made for fun and ruined IMO. I dumped all mine for BTC the first time musky mentioned it. In hindsight, not smart, but I have come to accept it. Still salty.

hukep

IMO not the best comparison. It almost look like they're both made up.

wsb_moonshot

Speculators sell off Saylor pumps for fiat. That'll eventually subside but not soon--IMO.

MichaelAischmann

Don't be naive. US military industrial complex is notorious for supplying both sides of any war. IMO there should be a law that forces the military sector to be a non profit.

ruserious2day

IMO Bitcoin, blockchain and Defi , Web3, robotics and AI are the future of industry and the financial markets. Eventually every asset you can think of will be tokenized and put on chain and trade 24/7/365 using AI agents. We have barely begun this transition but it’s coming. Today, BTCs market cap is only 10% of Gold. When it’s all done do you think it will remain that way? Still plenty of room for BTC to appreciate and time to discover the next BTC.

Cappaten

DCA till September, drop a lump. DCA till December and then drop the rest of it. This year is going to be one for the record book IMO. but September and December have always been my 2nd half markers for dumping. Nothing wrong with DCA for long term and holding that 100k only for bitcoin in the hopes you can get a "fire sale" Just make sure to get in before Jan 2028. lol

generateduser29128

Personally, I like the cartoon OP posted. The comments are overly pedantic IMO.

godofpumpkins

Yeah, but the problem here doesn’t require general-purpose reversal, just “find me a preimage with these [lots of leading 0 bits] characteristics” which doesn’t follow from the general problem being impossible due to much larger domain than range. Either way, the point is still that trying to give a layperson intuition about the mathematical properties of a complicated function is harder than mapping it (even if inaccurately) to a problem they can relate to with no background. My general approach is to start with something familiar, then explain that I took shortcuts and am happy to go deeper if they’re curious. But starting with the technically accurate thing IMO is a good recipe to get your (lay) audience’s eyes to glaze over.

theabominablewonder

“It’s not fun unless you’re balls deep” would be a better investing mantra IMO.

godofpumpkins

IMO it’s analogous enough to the actual process that it gives good intuition for laypeople who have never heard of a hash function. Interleaving a complicated “there’s this process that jumbles input data in a very unpredictable that everyone believes is hard to reverse but nobody has a proof of it” into the core explanation distracts from the core “I need to try a bunch of stuff repeatedly until my guess works” intuition, which is true in both OP’s meme and the real thing.

TheBakedGod

If you're certain it will drop below 100k (and you probably are right about that) then sell puts on IBIT. That way you collect premium in the meantime, and when it does eventually hit your strike point, you get to buy at a discount. Not a bad strategy at all IMO

Icabod14

Why would someone in their 70s with "great wealth" need/want to diversify into crypto. They already won. They should play is safe. I agree that BTC is a great investment, but no good advisor would tell old people to open a Kraken account and start playing with an asset class they don't understand. IMO.

rkquinn

IMO it is a BTC backed security that removes a lot of volatility and promises a guaranteed yield. Two things that are very attractive to the average Joe.

Fast-Builder-4741

Uex.us is awesome. I've used it for $DOG purchases and loans. If you don't hold a little $DOG, get some. I also have been with the project since the NFT mint, and this new direction is the future IMO.

bimbobandit2016

Yeah, we've been in a "greed" phase for months now. It's going to turn soon IMO. Greed phase never lasts more than 3 months unless we're getting out of a bear market

zukiplay

The cash app is my go-to. It's super easy, and fees are actually no bad, IMO.

necropuddi

He has spent tens of millions via the cfund on Cardano DeFi, but the group that managed it for him invested it very poorly (got rugged on a few of them). IMO it was a combination of poor picks and poor timing (right into the bear market). I criticized his picks at the time, and I still do, but saying he hasn't invested in Cardano DeFi is simply not true, and this is on top of what he already does with running a group of academics who continue to do good research (some of which even ETH foundation cited and used) and also developers who push through the tech upgrades (none of which is cheap). Look, there's a lot to criticize with Charles, from overpromising to being pouty and immature when someone disagrees with him, but saying he does not believe in Cardano really isn't a valid criticism.

DirtTrick3843

IMO, it’s lump sum -> DCA. If you have a lot of money saved up in a savings account or you are selling rental properties for BTC, etc., go lump sum first. And then DCA additional income at whatever basis you want. If you don’t have money saved and just go paycheck to paycheck or just starting off, of course DCA is a good option. But I just think to myself, if I can lump sum 5k right now, it would take 416 dollars a month of DCA’s for a whole year to reach 5k. With an asset like BTC, being aggressive with a big position allows you to make your move before the price goes against you, and then you can continue to build up the position through DCA. Say if I had 5k, and wanted to DCA 416 a month for a whole year, but by July 2026, the price is 350k, it would have been a lot more beneficial to just lump sum 5k right now

trifecta_nakatomi

IMO this is good, but I am into Crypto as a currency and store of value, both of which are antithetical to the volatility and speculative investing that Crypto has become. Ideally it’s a stable price with slow increases in value over long periods years to decades. I hope all speculative investors get bored and move on.

1980Phils

Sounds like the bitcoin power law would do what OP is looking for. Thats also a Fibonacci based data point set, no? And seems to be working. I personally don’t think “halving” have the same influence on prices that they did in the past. It’s all about demand and HODL now, IMO

Neat-Finger197

You’re smart, all fiat currencies eventually go to zero IMO: Read The Bitcoin Standard Buy BTC on Strike Use ColdCard or BitBox hardware wallet

olduvai_man

Kaspa had a fast emissions schedule specifically to make it easier for the public to mine the project before ASICs even came onto the market. You could mine millions without dedicated hardware in the beginning so I have zero idea what you are even talking about because it's opposite of what you are indcating. Pre-mines are just as bad as PoS IMO. Anything that doesn't have a launch/management similar to BTC is a waste of time.

scwt

IMO, it's pointless to try and predict the price like this. There are so many macroeconomic factors you're ignoring.

FFmemesandgames

Do what makes you happy. IMO you get one life. If buying a dirtbike with profit you’ve already held for a long time is what you want to do then do it!

142NonillionKelvins

IMO it would be stupid but no one here really can or should tell you what to do with your investments. You either believe in Bitcoin so hard that this type of thing would never cross your mind, or you end up selling it all for something that depreciates as fast as a dirt bike…

Medium_Change4574

Save your cash, we will go lower over the summer IMO

Rich-Stop7991

In my area power is so cheap yet if I were to mine it’s still negative profit. Just ask ChatGPT/grok to break down the costs for mining. IMO not worth it at all. Just buy bitcoin

RevenantHaunter13

Thats a possibility. I still don't believe that anything will ever beat out Bitcoin. Even with borrowing, and all of the benefits that brings, the benefits wouldn't outweigh the benefits of only using Bitcoin. I don't see a world where Bitcoin both succeeds and also becomes a secondary asset. It's a matter of, whoever has the Bitcoin, has the power. If Bitcoin becomes the world standard, then again, no one, and no entity, will ever accept fiat again as nations pile in to start accumulating. It just wouldn't be worth anything to anyone. If a nation made a currency based on Bitcoin, then that, too, would fail, people being greedy or not. The concept of using power borrowed from the future will become an anachronism, as people, companies and nations will use Bitcoin outright for spending and trade. With layer 2 solutions existing, the entire concept of money is flipped, there is no outright need to borrow. The value of the sat increases over time, thr value of everything else drops. When the US put the dollar off the gold standard, that's what started a lot of the financial problems we have. And who can stop a nation from doing the same in the future? People would be crazy to accept anything from any government anymore. Fiat is a dying concept IMO.

jonnytitanx

Because a good hardware wallet won't broadcast your private key. It's essentially a device that you can use to sign transactions without the need to input your seed phrase or private key into any app or website. IMO 'Hardware wallet' is a confusing misnomer. It should be called a signing device. Your Bitcoin is never stored anywhere except on the blockchain, your 'wallet' is more like the key you use to access it. And using a hardware 'key' to sign transactions is much safer than typing your 12/24 words somewhere.

olugbo

Scenario where everybody will cash out is never going to happen IMO. You need to remember this is a GLOBAL asset class. People from Argentina to Iraq to Mexico to Zimbabwe have access to this asset. I think people don’t really understand what’s happening here. People still thinking locally.

rkquinn

Buying dips and larger downturns more aggressively than a typical DCA is the ultimate conviction IMO.

mrjune2040

IMO you should use Coinbase or Kraken (pro versions). But if you aren’t selling anytime soon then definitely get it off Blockchain.com into your own wallet (a ledger, or otherwise Electrum etc)

mrjune2040

Read my comment reply above to the other guy. IMO don’t use Blockchain.com if you can avoid it, and do not shift from the self-custody (defi) side into their custody portion (ie don’t sign up your identity and bank info). Simply send the funds to a more reliable exchange. If it’s on the defi side and you have the private keys then it should be ok, but you’d be better off storing them on a hardware wallet, or via software like Electrum.

Western-King-6386

It's not even an interesting question to me. IMO, if someone's more intrigued by the spooky lore of a username that was never successfully doxxed than the implications of bitcoin, it indicates bitcoin hasn't clicked for them yet.

GengisKhansLeftNut

This retard is at the right place at the right time but totally missed why he is because if he knew were bitcoin is going shilling so much shitcoins for temporary gains would never have been on his agenda as it just slows down adoption and makes people think bitcoin and shitcoins are alike just at different stages. Complete idiot IMO.

Maxikaner_

Not if you’re just looking for an investment. But if you want a hedge, it’s the only option IMO

AnaHedgerow

I like Tangem. Unlike Ledger, Tangem doesn’t store or export seed phrases anywhere. The private key is generated once inside the chip, and it never leaves. Way safer IMO.

WetFartMcGeee

Don’t sleep on the USDC APY (between 4.1-4.5%) depending on the plan. It pays for itself if you keep enough cash in CB which makes sense (for some) if you park it there waiting to buy BTC dips which I was already doing anyway. If you trust CB (they don’t make it easy on themselves lol) to hold your USDC the credit card and CB One pay for themselves. Not for everyone but I’m on board to test it out since the interest easily covers the cost if you have enough cash on the platform. IMO better than just leaving it in a checking account earning nothing.

DFrost918

If Bitcoin experienced a 2011-style crash (−93.75%), the current price would fall to approximately: $4,187.50 IMO, That decline would cause a fear among newer investors driving the newer people sell, while the greed would just make the older crowd come in and buy.

Mr_Eckert

IMO emergency fund money should NOT be put into BTC. BTC is for long term savings/investment. I'm tempted to put my emergency fund into something like STRF for the yield, but the price volatility is a bit higher than I'd like. So I just keep it in a high yield savings account.

jokers_wild_card

It’s a good indicator for the past. Not so much the future, IMO.

jawni

>For Cardano, it continues to break records of crypto capabilities What records has it ever broken? And please don't say Hydra Doom, as it was done in test conditions, had technical difficulties that never allowed it post anything to the chain, and the tech is available for anyone to use right now... but no one is using it. >You have to realize, the project itself is just a framework. That's exceedingly vague. What does that mean specifically and how is it any different from others? >It has achieved nearly every goal it set to do, yes many would argue slower than expected, but it made it there. Maybe set higher goals. Like not having an empty blocks, doing at least single digit TPS, having enough throughput to support double digit TPS, have an app that actually generates revenue on the same level as apps on competing chains. Those would be good goals IMO. >Its up to the users, the global population, crypto devs, or whomever else to implement the framework they have created for use. Its not just a coin, its not just a form of payment, its much, much more. Isn't that true of most projects? >ADA surpasses every crypto doing what they all can do, just much better. In what way has it surpassed any crypto in doing... anything? >So why is it not as popular? ADA doesn't try to capture headlines. That's just not true. IOHK and CF largely operate the same as any founding/governing body and try to spark excitement for partnerships and upgrades. Why else would I have been able to list off all these things in my example: "It's gonna take off when **Leios/Midgard/Hydra/btcOS/QuantumHosky**/onchaingovernance/WhateverTheNextHypedUnderwhelmingThingIs. Stablecoins?" And which of those things are actually used today and warrant being known about? Literally just the onchain governance.

DebianDog

I have a feeling, the way the US works, that other US companies got the Govt to put pressure on Binance US for the KYC stuff. Because you are right, I had to do it like 3 times over the years (and the last one felt borderline wrong it was so detailed) and they were the only ones in the US that disabled their USD transfers. My theory is it was due to the US prosecution of CZ. (That was BS IMO) After he fell on his sword and paid the US off. The current administration liked that, and now they are all good. Unlike Coinbase and Kraken, that I also use, I have never had an issue with Binance myself.

jawni

>You missed the point, lol. EOS and Terra Luna were also doing great and were widely used and that’s why people held them. Sit tight on those coins and we’ll see. Cryptos can come and go real fast. Cardano is at least still here. EOS usage was not even in the same ballpark as what I'm talking about and Luna's usage was entirely just people parking UST on Anchor... We've also been through a bear market with all of these coins, so I'm not sure what you think is going to make them disappear all of a sudden if they're still here now. >And Dapp radar filtered for layer 1’s gets you dapps. You can sort by number of dapps (Cardano is 16) dapp volume (Cardano is 9) dapp contracts (Cardano is 25.) First off, I wouldn't filter out L2s because they are competing for the same block space and the L2/L1 distinction doesn't change anything in this context, it's just chains trying to sell blockspace regardless. If we're talking consensus or security concerns, then yeah make that distinction but when it comes to usage, filtering for that is misguided. Number of dapps is a very poor metric even if you want to assume dappradar is fully comprehensive, which I'd bet it isn't, and being in 16th place for L1s and 28th place overall is not impressive regardless. Volume is slightly better but also a very poor metric as it's easily gamed with wash trading, but even then being 9th for L1s and 16th overall with only 87m is not impressive either, especially when you consider it would need to 6x just to crack the top 10 and would take a 30x to crack the top 5. So even just listing the numerical placement is misleading because when you look at the actual figures it provides much more accurate context. The best measure, IMO, is fees or revenue generated because it's far more costly to game and is far easier to distinguish when it's genuine activity as it is dictated by the chains current usage. Basically, anyone can execute high volume trades at any time to pump volume, but it's going to be very obvious if someone is paying high fees when they don't need to. When it comes to 24H fees, this is what it looks like: Cardano: $9384 Ethereum: $1,980,000 Solana: $1,280,000 Tron: $2,400,000 Cardano barely even makes 1% of the fees its competitors make. https://defillama.com/fees?category=Chain >However much you might want to litigate how accurate these sources are, they’re certainly not so inaccurate as to suggest that what you said might be even remotely true, lol. Seems like what I said is a little more than remotely true. Lol indeed.

KateR_H0l1day

I just going to say that’s a very big stretch, more likely people lose there seed than that happening or fall for a scam, just IMO of course!

Mean-Ship-3851

People are asking for altseason for so long that I don't think all of this is manipulated, we are in the closest moment for an altseason since the beginning of the year. IMO all depends on Bitcoin and Ethereum performance right now. If ETH performs better than BTC, we will have an altseason soon. If BTC keeps going up, we are probably surf the bitcoin rally for a few weeks before it drops. The thing is, when BTC dominance drops considerably, some ALTs will pump – not all of them, not the ones everyone is expecting, but they will.

24Bayne24

I feel I’m in the same boat. I’ve been buying BTC for the last 3 years. It’s almost painful to buy BTC now at all time highs. So now I’m buy positions in trad fi because that’s where I plan on putting my profits from my alts. My main goal is to quit the 9-5. For me, that is true wealth IMO.

biophysicsguy

I have questions because you say you "needed some extra cash" but also you were "stupidly throwing away" the BTC. Did you spend on things you actually needed and BTC was your only option (i.e. you didn't have actual cash)? If so, then you shouldn't feel stupid, you used money for its intended purpose. Did you have opportunities to rebuy the Bitcoin since spending it and you chose not to? IMO that would be more of a reason for regret. One of my personal regrets is that I didn't buy more Bitcoin in December of 2022 when it was $16K. I bought some then but could've bought much more. Everyone talks about the "Pizza guy" event as a mistake but what if he rebought the 10,000 BTC a day or week later.

admin_default

Mostly agree. Aave is also essential for a balanced portfolio, IMO - largest DApp in the industry by total value locked.

jawni

Be that as it may, it doesn't really change anything or discredit my point at all. Many coin have unsustainable rallies and many coins are more robust then they were half a decade ago. And in the case of Nano, the benefits it used to offer are severely and objectively marginalized. Free txns were quite the selling point when most people were paying anywhere from $10-$100 on BTC or ETH, but with scaling solutions and newer L1's, now instead of saving $10, you're saving a fraction of a cent, and the same goes for the speed, as many chains have sub-second block times now. I've been a holder since the Raiblocks times, but it's always been a long shot and is even more of a long shot now. The biggest implication against it's success is the lack of a VC copycat IMO, if it really offered as much promise as people here seem to think(and lets be honest, outside of this subreddit, no one really is bullish on it and this subreddit is the lowest of the low when it comes to expertise), then you'd see other groups launching similar chains with major backing. Much the same way we've seen a plethora of Bitcoin forks, or EVM chains launch and even some SVM chains now too. But no one has any interest in funding a Nano competitor.

Swerve99

anything under 20 bucks is pathetic IMO

steve_b

Presumably you mean IRS (or "The Feds"), not the Federal Reserve. Some answers: 1. As you point out, if you're in the U.S., and you use one of the major services like Coinbase, the transactions are reported each year to the IRS, linked to your SSN. 2. If you were to use some service that didn't require you to supply your SSN (your Maltese exchange), at some point it has to land in a bank, which may or may not have your SSN (do anonymous bank accounts still exist? I know they're a thing of the past in Switzerland for the most part), at which point it would be reported. 3. If you avoid these, and you ever get audited in the future for other reasons, the auditor may discover that you had a lot more money moving through your lifestyle than you reported (depending on how thorough they are). Although there are limits on how far back the IRS can go to re-assess your taxes, the info I quickly googled says there is no limit if you have filed a "fraudulent" return, however that may be defined (and I'm assuming it won't be defined in your favor). Unpaid back taxes will also have penalties attached to them, as well as interest over the same period, which can result in huge bills. IMO, just pay your taxes and don't be greedy. If you keep your annual cap gains below \~300K, you're only going to be paying 15% + state rates (0-5%). For small amounts, you're not saving that much, and for large amounts, the government has more incentive to come after you, and getting hit with a giant tax + penalties and interest years later can be devastating.

piggleii

Seems like a reasonable take IMO. And I hold BTC.

Tyguy047

IMO The semi-honest middle ground thing to do would be look up the wallet and see when the last TX was and if it was a while ago do whatever but if there’s activity in the wallet then as sad as it is you should probably just let it be. And to anyone who thinks your a bad person ask them what they would do if they stumbled upon a measly $1.5 mil (give or take as of td)