IMO

canadianragweed

I thinks it's unlikely that the market cap goes much below 1 trillion. I sold very little BTC this cycle, my cost basis is pretty low so I'm just gonna die and give it to the kids for step up in cost basis. I already sold all tax lots over 10k. Anyways, to answer your question, I'm kind of chilling. About 35% net worth in cash and precious metals excluding my homestead. The S&P is pretty overvalued IMO, P/B P/S P/E Cap to GDP all at ATHs. It may rock on another 2 years but, I'll just wait.

trimbandit

This. I did about 25x in the last 8 years. I'd be a fool to think it would do 25x in the next eight years. Still worth getting into in the 2026 bear IMO, but we didn't even double in the last 4 years from the previous cycle ATH at 69k to this cycle ATH at 125k.

Bullissimo

Usually bottom is around the last ATH which was around 65K. So I expect 55K-60K to be a candidate as a new bear bottom. In 2018 the ATH was 20K and in 2022 we hit bear bottom at 16K. But IMO we could first see another retest of 100K after we drop to about 80K.

I_argue_for_funsies

There was a saas type service I used in 2015? that sold mining contracts. If I recall correctly, it was $300 and it ran until it was no longer profitable which was about 6 months. (Basically hash power increases on chain and erases profit margins) I want to say it was genesis mining but it doesnt matter. I was skeptical because the feedback was one of 2 things.... 1) If they made money with the hash power, they'd just mine it themselves and 2) Just use the money to buy the coin. But because it was difficult to get $$$ into crypto at the time, it made sense for me to use dollars to buy the hashpower contract. I received daily payouts until I didnt due to hash/difficulty increase. I didnt quite receive $300 back so buying it would have given me the highest return, but I just held it in my wallet and still ended up being a good investment. TLDR - If you cant just buy the coin you want, there is value in mining if you expect it to increase in the long term. Dont expect to get back what you put in IMO.

cosmicselva

IMO no. 2026 will be an insanely bullish year for crypto when liquidity gets to flowing through the economy.

justcurious3287

IMO, yes. I look up top cryptocurrencies lists, or best cryptocurrencies list, and they show up often. They also both have a huge market cap and good real-world utility. BTC and ETH are the best, but XRP and SOL are both runners up, IMO.

HateFaridge

Major improvement - yes. Top 4 contender - no. Difficult not to improve on 15th, but a long way off being a top 4 challenger IMO.

FnAardvark

Where are all of the people that said we would drop below 103k, or 100k, or 98k, or 90k? We're in a massive downtrend that hasn't been broken yet and every time we get a tiny green candle, somone like you calls the bottom. IMO you're being just as ridiculous as anyone else making price predictions.

Impossible-Weight852

You sir are a genius. I was warning people not to FOMO in at 100K+. Took a little bit off myself, but not quite as good as you. My plan was to start unloading at 140K, but we never got there. Thought we could at least 2x previous halving peak. IMO, future returns are going to disappoint most people. You need to accumulate after massive sell off and dump after halving event.

70InternationalTAll

There's a few reasons. #1. Fees have changed over the past 5+ years and I moved from exchange to exchange to get overall lower fees or take advantage of promotions they used to run. #2. You get referral benefits that vary by exchange. Once those benefits stopped or change ai looked elsewhere to do my referring through (I've helped probably 300+ people by BTC) over the past 10 years. #3. Each exchange has something different that I like, Strike is the best for DCA and auto converting your paycheck (IMO). BitUnix is the best Futures trader and decent for fulfilling tight limit orders. OKX and Kraken have great UIs and offered good incentives on referrals. #4. I keep around 50% of my BTC on exchanges, and the other 50% in cold storage to limit my risk. So if I can spread that 50% of exchange held BTC across 4 different platforms it helps me mitigate risk that much more.

Grand-Button5819

I have no idea where this is going next and my guess is neither does anyone else. 🤷‍♂️ IMO timing the market is more a matter of luck than of skill. Have you read "Fooled by randomness" by Taleb?

slash_networkboy

There are tools that will link transactions on the chain (from address to address) and make a nice spreadsheet. There are also lists of addresses that are known bad, not sure that all those are public though. BUT if I'm trying to transact $1m, spending a couple grand to make sure it's going to go smoothly is acceptable IMO.

financeguruIB

Bear market bottom - $40k IMO.

bestjaegerpilot

for sure the "bitcoin as a meme" narrative has died, aka, the typical bitcoin investor is looking elsewhere but... IMO bitcoin is in a transition period where it's becoming more like an institutional product---so i don't think it's dead and it's for sure coming back. $50k is too low when it has so much institutional support

justcurious3287

Yes, definitely. No matter what else I buy, BTC is a must-have staple in my portfolio. It's non-negotiable, IMO.

Revolutionary-Cup78

Shiny logos associated with it. Decent tech. IMO it is overhyped, but may be personal bias given it has been (by far) my worst performer

Scionic94

No one knows for certain. IMO when in doubt hodl and forget about the market for a while. FWIW I’ve been buying here 🤷‍♂️

anon-187101

January 2018 - March 2020 was rough as well. IMO, the best period from a risk-adjusted standpoint in the past 8 years was April 2020 - April 2021.

penty

IMO, most proponents of the 4 year cycles are hodlers. We hold THROUGHOUT the whole cycle. We remember all the 'no more cycles' hype every , well, cycle.

TheWaveCarver

IMO everyone will be worse off now that crypto is here.

Nexuskies

If you’re committed and stay long term (10-20 years) that will be your pension sorted. Bitcoin is early IMO imagine what it might be in 10years, nobody knows the user case so invest in your future not next year .

justcurious3287

This. IMO, the big money is in the volatility. I thrive on it.

cogvancouver

i sold at 104k about a year ago... i won't get into all my reasoning but I'm fairly confident it'll drop drastically at some point, although I do think it will go up in the long term. I would consider buying at 70 but truthfully I'm waiting for 50-60k.. I don't think itlll stay there but i do expect it to crash there at some point then rise back up. if I'm wrong, I don't mind missing out. im a little more risk averse now and did good with my first purchase. I am not super enthusiastic about the timeline for bitcoin to get to 200k+ i think this is gonna be a longer road with plenty of drops to buy. 100k is a steep price IMO and not sustainable currently with all the unknowns.

50sat

Nah just because we don't take advantage of them doesn't mean they don't have useful capabilities. There's lots of interesting and useful tech in crypto. The markets on the other hand are purely speculative. It's well understood, I think, that the 'degen' space exists and is the predominant face of crypto. Just as it is, tbh with stocks. If you are a trader talking with other traders about markets, it's all about the monetary speculation. If it helps any with the larger perspective - mainstream finance is moving towards ETH a lot faster than ETH is moving towards mainstream finance. On the simplest level, the token is just one more asset for traditional markets. But more and more of traditional investing is moving towards blockchain/tokenization. We'll still be joking about the price of ETH when we're remembering the fall of the dollar. IMO.

vullkunn

The cycle is very much alive, IMO. It’s a feature, not a bug! I look at ETFs as a whale/retail hybrid. Have they impacted the cycle, probably. The question is how do they act? During this bear market we entered, a lot of retail are buying/DCA’ing, while a lot of whales are selling. ETFs seem to be mixed. They can tip the scales and give us “higher-lows,” but I do not think they are big enough to completely invalidate the cycle. Note the ATH in Oct almost perfectly aligns with past cycles.

Major-Rabbit1252

He doesn’t understand what we’re investing in. His brain is in “charts” mode, which is laughable in such a ridiculously volatile and random space We’re investing in the potential for blockchain to be used by most, if not all, financial institutions. Quick google search shows how real this push is. Assuming that the world of finance will not head towards increased speed and efficiency is pretty wild IMO. Anything can happen, but LINK has a non-negotiable place in the future world of modern finance

Suspicious-Local-901

IMO it’s best to DCA all the way down / all the way up. Since you mention €, you could set up a DCA-plan with Relai. ✌🏻

Darryl_444

Late 2026 should be the lowest point of Bitcoin's 4 year cycle. IMO we are at the 4th peak now, since it started. 2013, 2017, 2021, 2025. Look at a long-term chart. Switch to log scale to make the early years more visible. Not a guarantee, but it's worked out for me in the past.

GermGerm001

So true. A lot of people don’t understand that blockchains are basically 22nd century standard tech, circuit boards with severs. The only way to tell if something is real in a world trending towards AI, is the smart contract process of a blockchains. Its continued communal use proves is authenticity and accuracy. IMO the true problem is the applications of it, is lagging behind the monetary real life effect. Not to mention to disrupt the any enterprise customer market, has been and will take years. At some point hospitals will be running on blockchains. (to some degree) The dummies reading this I’m implying hospitals will have their own crypto currencies 😂

tomsmac

IMO that was a huge mistake. ETH has massive competition that is not only cheaper but MUCH faster. I have zero doubt that it’ll soon see sub <$800.

InfiniteLobster580

Quantum predatory practices have to some extent placed a "clock" on this, IMO. Hopefully quantum computing can be the solution for the problem that it will inevitably create.

Maconi

It’s the worst I’ve seen and I’ve been around since 2013. To be fair, crypto has stagnated since 2020. It’s like everyone cashed out with ETH ICOs in 2017 and things haven’t been the same since. Ignoring all of that, BTC was made in response to the 2008 recession, meaning it hasn’t existed during a real economic downturn (where TradFi has a long sustained bear market). This could just be the result of the impending TradFi economic downturn. Crypto is looking like it will follow (which would mean it fails one of its original purposes IMO).

gmehta7

Ngl - lost some faith before, but seem the bounce back to many times & I have learned. Bitcoin rebalances, excited for the dip to DCA in more. The lower it falls the more sats one can accumulate 🤷‍♂️, if you believe nothing to worry about - IMO

jerkaderka

Half the issue here is these exchanged have so much working capital that they can manipulate the market and liquidate as needed. IMO it's not even fair, but that's the world we live in. Binance is a good example of manipulation. There should be law that exchanges can do this to the market. But wtf do I know.

Aromatic-Ad7987

Nice, thanks. You asked about Utility, and Hedera Hbar IMO has it for miles. AO many applications/use cases other highlights being quantum resistant and carbon neutral LINK - Chainlink is another. Whatever happens in crypto Chainlink will survive as its being utilized by most other crypto at this point for one app or another. Its not glamorous but its utility.

RandomJoe7

A cycle pattern can repeat, but that doesn't mean it will yield the same returns (100x, 10x etc...). Those things are not mutually exclusive. Looking at the chart, it's looking very similar to the past and looks like bear market is coming. However, IMO, it will be flatter than in the past (in both directions, less of a drop than in the past, but also less of gains in the next cycle top).

PoeCollector

Sure, my point is things have value to you in terms of their utility to you, as far as you know. Like if you didn't know a certain mushroom was edible, you wouldn't value it as food. In the same way, people who don't understand bitcoin don't see the use of it. The term "intrinsic" is kind of unhelpful when discussing economics, IMO.

1111Rudy1111

Does anyone else hope it goes that low or lower? If you believe in BTC any price drop is a temporary discount IMO. I only think about 2035 & beyond.

Woland_Szyderca

IMO now is good moment to buy. Sure better that about two weeks ago. If you want to hodl coins there always be a good time. And remember don't panic sell on dips, price will go up sooner or later

Glittering-Praline59

You need to buy when sentiment is weak. It's weaker now then a few months ago, but IMO not weak enough. There's still an underlying buy the dip mentality, which shows that we are not in a bear market truly. When YOU stop feeling the urge to buy, is when I would buy.

Ajfox1974

IMO, Stable coin, backed by bitcoin, is far more likely to become a global payment system than bitcoin itself.

Royal_Cod_6088

And then the 50-yr Treasuries come out (which would be smart IMO). Refi all the debt possible into longer term Treasury and minimize debt service.

JoeSchmoe314159

IMO it will have one more big burst to about 150/160 before dropping to 70 just before the next halving

Putrid-Past-3366

IMO we need a few more details before any personalized recommendations can be made, but here's a jumping off point. --- You ask if you should take profits, and say you've already taken 500% profit on whatever lucky coin you bought. So, we can assume you sold your entire bag, then bought back in — with an updated buying power of $25,000. First, given the current market state, and the fact that it sounds like you got lucky with your initial investment, it could be pertinent to de-risk your current position... but we'll circle back to that. Couple questions and general thoughts — ⋗ Do you have any debt with above a 4-5% interest rate? Do you have any good debt? Debt can be good, but in my experience, most people asking a question like this haven't found an opportunity to cross the threshold from bad to good. Learn about it, and consider ways you can leverage it in your life. It is one of the keys to financial freedom. ⋗ What's your job, and is that what you want to do for the rest of your life? $25k could be enough to work fewer hours/part time while going (back) to school or to take a run at turning a side hustle into a occupation. More likely than not, you're going to spend more time working and sleeping than anything else. Take the time necessary to find something you enjoy, and don't settle for less. ⋗ What are your mid and long term goals? What is your current life situation? Recommendations for someone who's married, hoping to buy a house, just had/about to have kids vs someone single, looking to move somewhere new to go back to school. --- IMO your thinking should all kind of revolve around/circle back to; are you happy/comfortable where you're at and what kind of impact could $20,000 make in your life/future. --- The market looks like it has more downside, but I personally think the four year cycle is dead and that the price action we are seeing is an argument that Bitcoin is maturing as an asset. However, you don't want to get caught up trying to catch the first 25-40% of a potentially parabolic trend reversal, only to buy in early and lose 30-40% or more of your gains. It's all manipulated. If you think it's the bottom, it's probably not. So again, never deploy all of your capital at once. My best advice for re-entry is to be patient and wait for confluence between BTC followed by ETH/SOL/BNB all bouncing from major support zones, paired with BTC dominance moving decisively below 59%. Buy in waves and try not to get emotional when you see a big green 4hr candle. Remember, the market is just patient people, taking money from impatient people. --- As far as what you should buy... If it were me, I would probably move 20-50% of it into stocks, but I'll stick to the crypto. Long-term, you have to understand that Bitcoin is king. You can take collateralized loans out against, and never sell. IMO, that gives it the most financial utility of any crypto, currently. That being said, I think that (years) down the road, others could follow suit. Looking beyond Bitcoin, I would allocate a large percentage of your portfolio to top 10 coins with proven utility — 60-80% — Eth, Sol, Bnb, Link, and whatever else you believe in. I like Solana. The traffic, money, and rwa all seem to be going that way, but it was also $8 only a few rotations aroud the sun ago... You can do whatever you want with the remainder. I'm sure you'll get all sorts of recommendations from other jackasses; like me, who have too many opinions. I'll check back if this post gets any comments.

Wonderful_Fun543

Mount Gox, FTX for the why... "Wallet" is a bit of a misnomer, "offline key sign/storage device" is what is is. Firmware updates are semi frequent, so locking away for years may present issues, though a seed is a seed so recovery always exists. The only reason not to own one IMO would be either low capital portfolio (not worth the expense), skill barriers to usage (total noob), highly active traders with little/no dex usage. Possession is nine tenths of the law.

Head-End-5909

Do you DCA monthly vs daily or weekly? The shorter the DCA interval, the more it smooths out volatility, IMO. I DCA weekly (because I’m nowhere close to $1K/month), but set limit orders for larger buys.

electriccars

At most sell half, don't sell everything. We're not going to enter a bear market anytime soon IMO.

Lilkongt

the fear indicator is a useful tool. However, you have to understand if the fear that others are undergoing is rational or irrational. IMO fear is rational as 4 year cycle is coming to a close. However, we only truly find out in hindsight. There is no single predictive tool and you shouldn’t fool yourself into thinking there is

Sandharbor

I think the space is always evolving. 21’ almost all alts had a day, 24’ select alts and select narratives had their day.  Playing for future bull runs I think I’d focus on projects that are taking in good fees, tokens are fully or close to fully circulating, and the protocol is burning a percentage of fees. All those IMO indicate real use and an ability to reward token holders.  You’re already seeing this with certain defi projects, be interesting to see if it spills over into other narratives. To me a token that offers only governance with a low circulating supply and high inflation isn’t attractive. Crypto stocks are also a place to look. Only a few alts outperformed BTC this cycle where as many  stocks did.  Otherwise DCA(dollar cost average) into BTC is a beginner friendly strategy. 

GIGAbtcHodl

based on the looks, IMO it might go even lower, the momentum is there. But you never know... 50/50 chance

Agent_Love

I have an average buy cost of $100,000 and continue to DCA every month with the full expectation of being seriously negative (-30%+) at some point over the next 5 years. That said, I expect to have 10x my money in the next 20 years. IMO, invest as much money in Bitcoin as you are okay with blowing. I used to have a gambling problem, not I just buy bitcoin every time I want to make a bet. I don’t care what my the price looks like until we are at 1M+.

Chemfreak

Good mentality. IMO, while I don't give investment advice, when badgered by family members my honest criteria for them was: 1. Please only put money in that you can afford to see go to $0 without ruining your life. 2. Be prepared to hold for 5 years no matter how much you "lose" I have several friends (5 of us total) who invested with me in 2017. Somehow all of them except myself and my brother sold for basically break even after holding several years. Pretty insane to see originally believe in the thesis (or so I thought they did), see it go high, see it crash to below their cost basis, then see it rebound and sell at their original cost, and call me stupid for continuing to hold :D. It is way harder than you think to hold through an entire "cycle", so best just go in with clear intentions to hold through the lows for a long time, otherwise it's probably not the right risk/reward for you.

Rav_3d

IMO 98,240 is a critical level to hold. If it goes below there for any length of time, this thing is broken in the short-term and could head down to 91K quickly. I originally thought 99K would be support, but apparently I was wrong...

SureshAlokam

IMO, the price is getting stabilized at around 102K, also it won't crash overnight with all the institutional buying - Suresh Alokam

GIGAbtcHodl

It's being used as a reserve at some countries, as a treasury for public companies... IMO it would be a hard task to go back to 0.

GIGAbtcHodl

It's always what if.. Nobody knows the answer. But IMO if you DCA, the uncertain times will come and pass with less pressure

DiddysAfterparty

I own a business and was in a similar situation about how/where to invest. Having 6 figures invested in MAG7 and I am young no kids yet thus wanted higher risk tolerance. Averaged 15%-20% in MAG7 over a few years but felt like there was opportunity cost of no crypto was something I’d regret. So I cut 1/2 my SP and Mag 7 into crypto. I rushed to get 1 BTC as soon as I could and now DCA. You only spending $5k is crazy on 20k. Live your life brother 💀. I do recommend to grab a coin as soon as possible and DCA what you can. I mean BTC has averaged 40-50% over last 10 years, and we’re entering mid term year, with Trump as presy and he will turn the money printers on. Especially with new fed chair, the liquidity will be crazy over a 3 year time horizon IMO. Get TREZOR BTC only wallet. Easy and most secure. Good luck. I’d jump at the current 103k price btw.

schizophrenicbugs

There was a 40%+ drop in a single day in 2021, and that still wasn't a bear market as we went on to hit a new all time high about 2-3 months later. Given Bitcoin's volatility, I don't think we can decipher bear market levels via price alone. It should be a combination of price + longevity of a drawdown IMO.

Lion-Exciting

FBTC is a Roth IRA. It’s worth the .25% annual fee IMO.

demet123

No one knows what bitcoin is going to do. Four year cycles are possibly done now that the block rewards are getting relatively small and the market cap relatively large. Personally I think there is still some life left in this bull cycle and also that any draw downs won’t be as severe as in past. Better to go all in now IMO and ride it out. “Time in the market is better than timing the market”. I’d rather have exposure to what we all believe is an appreciating asset, than lose that opportunity trying to gain a few extra percentage points. In the long run it won’t matter that much if you bought at 100k, 75k or 150k.

Seattleman1955

It's 1% so yeah 2% to buy and sell. That don't charge to transfer in or out, they have institutional grade storage. It doesn't take months to transfer out. The rules are basically just government money laundering rules that apply most everywhere. I'd never transfer to Coinbase to store. You can sell for a little less there. I'd much rather use Fidelity now than Coinbase. If you are actually trading BTC then Fidelity may not be the best choice but for everyone else, it's great compared to most everywhere else. If the fee is too much, but IBIT but then you don't have BTC that you can transfer out if you want to. You'd have to sell and pay capital gains. Fidelity has finally in these last couple of months got a good crypto set up, IMO.

never_safe_for_life

No it won’t. People will accumulate bitcoin because they notice it outpaces inflation. Over time they’ll realize it’s a safe store of value. No need to risk their savings on the stock market just to beat inflation. Once it becomes common enough, it will naturally start being used for trade. Everyone will know what it is and want some, so merchants will take it. IMO there’s no need to wring pearls about MoR. It’ll happen naturally. And Bitcoin won’t fail without it because its use case as a non-debaseable currency is solid.

kironet996

gonna be sell the news for sure IMO, the whole 5.8% move up on BTC we recently had was because of the news about shutdown ending "soon".

penty

IMO believing\knowing there are cycles let's a person steel themselves to HOLD during the downs. Don't play the timing game.. just hold.

silvanosthumb

IMO, people are better off using cashback cards and using the cash to buy BTC yourself. The tax situation can get messy if you're getting a bunch of small BTC rewards.

OneDigitNumber

You can always just wait for the next bear market and see if people still feel the same, if you don't mind possibly missing out. It's not a terrible idea. More likely than not SPX will be a multi cycle coin IMO.

Major-Rabbit1252

Do daily man. It’s the best DCA plan IMO. Catches every price fluctuation. Absolutely 0 timing components needed. I do mine for 5AM every morning so that I wake up with a little more than I had before going to bed If it’s $110k today and then $100k tomorrow, I’m buying both to average things out. As opposed to $500 on a day it’s $115k and then another $500 30 days later when the price could be (??)

Major-Rabbit1252

I’d do daily tbh. Why not? On strike (for BTC) your fees are waived after a week of DCA. Daily helps to capture the volatility the best IMO, decreasing some risk Best part is, you can still meet your $500/month target. $16.50/day should do it if my math is correct $500 one time per month carries some risk, as we can see some ridiculous price shifts in a months time and $500 is a pretty substantial sum. Not to mention fees

GIGAbtcHodl

It should be, and IMO much earlier than that

Material-Statement50

I think it 2030 it will be around $500k. The soonest it will reach $1M is 2035. Getting to $1M in 2030 is overly optimistic IMO

IndependentCod3330

security and ownership. IMO it's best to get your assets off the exchange asap. Great place to buy, not so great to hold.

kironet996

*"These kinds of people go live in Dubai and they think they are untouchable"* Dubai is probably the worst place to hide IMO. There are constant news about how people are get trafficked or killed there. I'm not even gonna talk about slaves in Dubai living in "Labour Camps".

DisabledScientist

IMO, NVDA is a better long term hold than bitcoin and has been for a long time.

djscoox

Do you guys think it's a good thing that so much bitcoin is owned by a few individuals? Personally I think it's a double-edged sword. It can be viewed as "if Black Rock is interested, it must be good", but large actors can also manipulate the market at their will. I feel Bitcoin no longer represents what it was once design to do: rival the banking system and enable people to take care of their own finances. This is IMO where a coin like Monero shines, because you don't know who's has how much, unless they tell, and then you don't really know for sure because anyone can manufacture a fake screenshot of their wallet balance. Market manipulation is possible only if you can flaunt your wad.

Elean0rZ

Hot or cold, IMO the bigger problem is "wallet". almost all noobs, and frankly quite a lot of more experienced folks who should know better, think their assets are actually held "on" or "in" their wallets--that's the case with physical cash and wallets, so the terminology brings the same idea to mind. That's why you end with, say, folks putting their Ledger in the safety deposit box but backing up their keys in a .txt file on their computer. I think Ledger's name change is a great idea, but it should extend to all crypto "wallets".

GIGAbtcHodl

IMO in finances rush should never be considered... DCA and chill

NoGoldDiggers

How can it be an indicator for the top when he said he wants to enter next year during a bear market? IMO we aren’t at the top yet. One more pump over the next few months then bear market will follow after.

Tridoc99

Ok maybe the term “brand” is not technically correct, but tattooing any currency symbol is silly. IMO of course. You do you.

AU-n-Time

In the next 5 years or close to it, we will see a $500,000+ BTC and yet again we will hear the crying from the doubters and skeptics. 100% yearly growth is an awesome return. I understand that is speculation but if you stay in equities where do you think that is going? IMO, the safest asset and best opportunity for the best returns are Bitcoin hands down. BTC is just flat out the best asset in every aspect. The best ALWAYS wins the race at the end of the day. Don't deviate from that conviction, continue to invest in the best asset ever seen in history and build financial freedom for yourself and family.

JohnnyStrides

Seems so with all the ETFs and intuitional holdings (and funds being locked down outside of trading hours) but it also seems like the days of insane runs are probably over. Less volatility sure, but also less upside IMO.

Sandharbor

I believe in all I mentioned long term operationally, with most skepticism at SYRUP, but them and ONDO are really the only two pure RWA plays I brought up. Pure notable RWA plays are hard to come by IMO.  Price wise almost all will get slaughtered in the depths of a crypto bear especially the two pure RWA plays I mentioned. I personally diversify and DCA, so I wouldn’t try to pick the best one that’s not my style. 

Head-End-5909

I could address all those, but it’s a nonproductive use of time. You have every right to your opinions and I’m not here to change your mind. Will just say, IMO, it’s overly simplistic. Of course, you’ll disagree as is your right.

Head-End-5909

I could address all those, but it’s a nonproductive use of my time. You have every right to your opinions and I’m not here to debate that. Will just say, IMO, it’s overly simplistic. Of course, you’ll disagree as is your right.

Icy-Soup-7071

IMO Bitcoin isn't an ideal currency... A certain amount of inflation is necessary just from a distribution standard... Bitcoin is Hyper-deflationary because it can be lost and never recovered. This cripples a debt based society... You would have to move to a completely debt free society but then progress is massively stifled as you need to save in order to grow... Which ethically makes sense. Bitcoin is more of a symbol/representation for sounder money. I've always stood on the thought of equivalising CGT/Dividends and Trust taxes in-line with income taxes (I'm from the UK so my ideas are largely biased towards solutions for our tax system) if not extremely high above certain numbers and possibly even a wealth tax. COMBINED WITH. Radical idea but a currency burn to stabilize inflation. I mean a LITERAL BURN. Take the money off the 1% and literally burn it, its the only way a high tax on the top 1% wont result in consumer purchasing power decreasing. Ultimately any attempt to equivalise wealth and income distribution just leads to the working and middle class suffering... Unless you simultaneously improve their purchasing power. Stable currency whilst the rest of the world continues to inflate results in more foreign investment and cheaper consumer supply and trade. Its not fully thought out yet and I'm still playing with the thought perspective would love some discourse on this.

TheUnholyMoly

Gold supply is increasing more rapidly as technology improves. I don't think it's a lack of trust in gold, BTC is just the better asset IMO

Laakhesis

Doesn't need to really IMO. Bitcoin just need to close < $103k, above 50W MA.

schizophrenicbugs

Yeah for sure! I knew that's what you were getting at 🫡 Honestly, absurdism is the best philosophy to lead your life by IMO.

xNextu2137

Well bitcoin also has inflation, we know what the fixed supply will be in the end but that's a long way There's coins out there without any inflation though so this post makes sense, just not with Bitcoin IMO

Head-End-5909

I’m sure many here will offer specific suggestions, so I’ll just give you a guideline so you can research. You’ve got the DCA on Coinbase already. Next is researching self-custody via cold hardware wallet. I learned by watching many YouTube videos and reading web articles. If you continue to accumulate, at some point you’ll most likely have more than one wallet (wallet diversification). Determine your needs, whether you are just going to stack bitcoin or other tokens, whether you want to access via smart phone (android vs iOS) and/or computer. Whether you plan on carrying it with you or just keep it at home. Look for a wallet that suits your needs. Learn about seed phrases (more important than your wallet) and learn how to securely store your seed phrase (extremely important). If you lose your seed phrase or someone gets a copy, you can lose all your assets. Hint: Never store digitally anywhere- no typing, no photos. Write it down, test to make sure you write it correctly. Stamp onto stainless steel- paper burns, disintegrates, and ink fades. No need to immediately stamp, just make plans to. There’s a cheap DIY methods (stainless steel washers - see YouTube) or commercial products (too expensive, IMO). Security store, away from your hardware wallet. No one official will **ever** ask for your seed phrase, never give to anyone - ever! If you ever lose it, transfer all assets back to Coinbase, reset your wallet and recreate new with new seed phrase, then transfer assets back from Coinbase. It’s fine to get your wallet before fully understanding seed phrases, just don’t put it off. Videos easily explain how to transfer from Coinbase to/from wallet. Hint: Always transfer a small test amount to any new wallet before transferring the rest, else you can lose your assets. Avoid transacting with your wallet (buys, swaps, anything that involves a smart contract) to limit its risk exposure. Storing on Coinbase is just fine until you feel comfortable with self-custody. Don’t try to learn it all at once, take your time. Think I spent ~3 months. Also learn about all the crazy scams out there to avoid them - dusting, address poisoning. For Bitcoin, learn about UTXO and UTXO management. These can wait until after you self-custody.

andytobbles

Eh IMO with sentiment at all time lows like this and Bitcoin trying to find structure above the 50 before the weekly close this Sunday it screams major rebound.

namieorange

IMO some big player is buying. Saw a Big purchase before it started pumping, and then a few 5M purchases out of nowhere. Maybe Yonnatan tweet calling out Binance touched some nerve in some T1 exchanges

Jonathan_Goetsch

If you want something that “just works,” try Backpack/IronWallet. IMO both are modern, clean, and support multiple chains without the headache. Trust Wallet is fine, but I’ve had minor sync issues on mobile now and then. GL

karbonator

Bitcoin IMO

SilverbackViking

Dude FFS 😂🤷 Crypto people have seen multiple 90% crashes, multiple 1929 style crashes. This is just a pull back in a bull market IMO, this bull run hasn't even seen any kind of "overheating" yet. Certainly not time to sell when essentially 100% of sentiment is sell and the bull market is over, extreme fear readings, low RSI. Give it a few more weeks when liquidity conditions improve, US Government opens and Central Bank stop reducing their balance sheet (due early Dec) and we'll start working on that final bull pump IMO. Now cue 90% crash 😂🔥 Buy the fear, sell the greed.

Full_Muffin7930

That's interesting. Do you think it's a coincidence, given the recent pardon? CZ seems to be aligned with the Trump administration, else why pardon. I don't take Trump for a schemer with a grand plan ("I don't even know who he is" lmao) , but the people around him are smart enough to know there's enormous potential in using crypto currency and bitcoin as a tool to transfer power from the economic (dollar based) establishment to whoever holds crypto.  That's what I think is happening. In the face of (deliberate) inflation and uncertainty, a decentralized store of value with a permanently fixed supply and enormous backing via energy spend starts to look more and more rational. And when there's very little actual left to buy on the spot market, real demand will have explosive price impacts IMO. 

iwakan

How is it a strawman argument? I am not putting other arguments in your mouth. I am simply saying that the arguments that you did make, are false. No, I am not going to watch your video. Sorry but I am 99.9% sure it is the same goldbug/bitcoiner narratives I have heard a million times before, and I do not want to spend time on that. From the description I'm guessing that it asserts that "money" is only a store of value and not what people use to transact, what that what people transact with is called "currency" instead. Nonsense. A primary function of money, in any sound definition, is being used to pay for stuff. Store of value is only one of several potential functions of money and not even the most important of those functions IMO. A simply dictionary lookup for the word "money" will back me up on that, and I will not let some youtube video gaslight me into thinking that the dictionary is wrong.

tmoney9990

It’s about to drop again.. green to red candle.. watch. But, we are close to a bottom IMO

iwakan

I'm sure some people have asserted the same thing before bitcoin, like goldbugs or whatever, but they are not an authority on money, either. No, the most important (and IMO only) property of money is simply "that it's actually used as money". A criteria which bitcoin ironically fails. And fiat passes.

RandomJoe7

That's not the "logic" I am drawing from it. I'm not saying BTC will do good in future because it did good now. I'm looking at the whole market since the last 3 cycles and can see a pattern of alts becoming less relevant, and BTC keeping its relevancy in comparison. Reasons for alts becoming less relevant are a plenty: many have been burned by them, there's now a multitude of alts compared to old cycles, meaning they're all trying to get a piece of the "same" pie, making them all individually less relevant/valuable, people realising more and more that they don't really solve a real world problem, etc. Can there still be some alts that perform well and even become huge and here to stay? Sure, definitely. But overall, alts have been losing in relevancy, and IMO will continue to do so.

Purple-Wall3847

First Q I would ask myself is.. Do I really have "extra money",? I.e. I/we have nearly zero debt and an emergency fund that covers 3mos of expenses in the case of an extreme emergency? IMO if there is a choice between being debt-free with an emergency fund, no mortgage, rent, car payment, credit card balances etc. (I use 6-8% interest as the rule of thumb on debt) and hold a full BTC, I'd rather be debt free with some backup cash.