IMO

mangoatcow

When Bitcoin hits 1 million USD, 100 sats will equal 1.00 USD, so basically sats will be pennies. Measuring prices in sats at that point will be similar to using the Indian Rupee now (1 USD = 86 INR). IMO still awkward, but 1.4 billion people are doing it now so it's not unpossible.

buckbuckyyy

The timing of this whole thing was quite off IMO

BigDeezerrr

He built a website that other people sold things on. He never sold any illegal drugs. By your logic Zuckerberg is responsible for anything illegal that's ever happened on Facebook. Ross broke laws on the books. He was smeared with false and unprosecuted allegations then given an unjustifiable sentence for his actions. It was a miscarriage of justice IMO.

jabroneous

Such a baby! And this is where my big conundrum is trying to figure out how much of my $ to move into BTC. It’s still a relatively big risk IMO. And I’ve got a mortgage to pay, kids to feed and put thru college, etc. But there’s huge reward at stake here, so I know there is a “right” amount to risk.

Few-Barber-7228

With $100 you can't diversivication your portfolio and with those amount is better to buy Micro cap (Big risk-big reward) than Big cap (Low risk-low reward). Try $RFD or #REFUND on ETH. This is good investment IMO. Right know we are sitting at 5M MarketCap and $RFD I think found his bottom. In this bullrun when ETH found price discovery, microcap can jump the price 10x to 50x even 100x. $RFD is already more than 1,5 year and the owner is BIG WHALE on ETH by the nickname BLURR.ETH. Do your research on X, I think this is really good investment with this bullrun 💯!!! NFA GOODLUCK 🤝

mbdtf95

I have no idea how google can just host all the scam ads on their sites, never vet them properly, just get money from scam advertisers and then face no legal/financial repercussions for it? If a trillion dollar cannot find enough personnel to properly vet all the ads that they approve to put on their sites and profit from, IMO they should be sued for billions. Not to mention they're actively doing everything they can lately to stop adblockers. So they want us to stop using adblockers, and then they can feed us scam ads and greatly profit from, and face no repercussions for it, how?

mastermilian

Saying they're careless is harsh IMO. I think "not vigilant" is probably a better way to describe it. There are so many vectors of attack these days - keyloggers, clipboard trojans, poison addresses, hacks, buggy/fraudulent contracts, social engineering, email/phone calls The list goes on. It just takes a momentary lapse in concentration to fall victim to one of these attempts. People say that they'd never fall victim to any of these types of attacks but in the heat of the moment, people have. It's important to be vigilant at all times and that can be tiring.

No-Guide58

TL;DR Still just get 'em while you can. Agree that the majority of wealth is owned by the elite. However, it is up to the individual to determine their own distribution of wealth. It is not easy to swallow, and it is not systemically easy to get rich by any means, and it is getting harder. But truly, innovators and early adopters always end up being "the rich." When later down the road, the less inventive, less proactive population wants to begrudgingly muddle around at the bottom throwing hate at those above for making correct calls and reaping the rewards for making the best go of it and adding value to the market with what in hindsight seems like not risk but ease. Crypto--BTC--could be looked at as a paradigm shift in the "new" most popular valuable asset that the rich hold. But when you think of it, look at how many regular old folks have recently changed their own lives and become millionaires, securing generational wealth by simply taking calculated risks in owning BTC early on. Governments, Inst., and the elite are not necessarily early adopters but have the capital to buy high and have started to accelerate that movement, which is why the price is where it is today and also means today's price is fair. Same with Land and GOLD, IMO--hate me if you want. But I still stick with the fact that an individual can determine their own distribution by deciding to buy today, tomorrow, and whenever else they can before the rest of the big players get in. It will never be worthless if folks hold it and sell it. I know I missed my opportunity for a larger distribution. I don't kick myself, I buy what I can. The more of us that do that stake a place at the table. Thanks for the interaction.

btrpb

If you are connecting your main wallet to dexes you are asking to get drained IMO. If you why to fuck about setvup two wallets. Any wallet that connects to any form of contact is inviting risk.

No-Guide58

BlackRock should have an isolated sliver in there. IMO

hitma-n

IMO, Everything you mentioned has intrinsic value. Gold and Silver - You can create beautiful jewelry and ornaments out of it. Gold especially is indestructible and glamorous. Silver is also extremely durable. Both are corrosion resistant to a varying degree. Stocks - Letting you own a piece of a company that can be bought or sold is an intrinsic value by itself. Without stocks, I don’t know of other ways where you can own a piece of a company. You can’t go to Nvdia or Apple HQ and tell them “I want a piece of this company so let me buy that corner office at far end of the hallway”. But a stock allows you to buy it. Bitcoin - A decentralized network where it allows you to transfer money without a government approval is its intrinsic value. Its proof of work mechanism which allows the digital world to connect to the physical world is its intrinsic value. Energy-backed mining is its intrinsic value. Its 21 Million supply cap so that it is anti-inflationary is its intrinsic value. Its ability to run by nodes and not a centralized company or an individual is its intrinsic value. A node can exit and enter any time in the timeline and still can participate in the network by verifying the history of blockchain without needing to trust is its intrinsic value. Enabling you to become your own bank by merely holding a set of 12/24 words is its intrinsic value.

Street-Technology-93

I’m not sure comparing it to gold is a strong argument. Gold investment is considered bad my many as well. Stocks are a direct result of market output. The btc discussion centers on future use as currency and broad validating adoption like ETFs, IMO. Anyway, if Coinbase would stop locking my account, I’d be buying more right now!

The_Vibe_is_Eternal

IMO. Internet computer (they are Amazon web services for web3). XRP will probably do good long term. Ondo finance (RWA backed by blackrock, def will be around). I also like DOT I think the new update is huge

Weallshityouknow

Face it, Bitcoin wont 'melt faces' anymore unless you jumped in a while ago. 10x or even 20x is exactly that - a very good investment. Too many people dipping in and expecting their 500 dollars is the key to infinate wealth. Those days are gone IMO...I don't hold any and feel I missed out during my research phase about 13 years ago ( think a Love film documentary back then made me aware). These days, yes I missed out in hindsight but nothing will make me jump in at todays price no matter how much hype or prediction. Unless you have a spare 10k to forget about and 5+ years spare to leave it untouched and hope for the best...sorry thats not me or many of these posts I see expecting the 500$ they have jumped onboard with to change their lives. I have no hate towards anyone on this, fair play to anyone going for it or not, free choice! I have been lurking for a while and feel a massive % of you guys are already on top of the world anyway and you made a ton, can speculate and do whatever you want as you made the mint already so its just fun and congrats. Everyone else should realise this is not an infinate money glitch anymore and you will really have to have balls, bet big to even touch your lambo or speedboat ot whatever it is you lot are due. Good luck everyone

Froz3n_Cornchip

Don’t be fooled though, still IMO there will be a bear crash. Greedy people will want their profits and cheaper BTC.

gishlich

There are a lot of ways they could keep it hidden who owns their bitcoin, if they were motivated. But IMO if you think the government is going to sell gold for btc and not figure out how to keep it regulated and the price going up like they have been doing with gold and the economy I think you’re crazy. And taming bitcoin, outside of whale shit, idk. On the other hand, this would be a great way to get people to buy bitcoin *right now,* if you were so motivated. I’m not convinced the president elect isn’t just pumping someone’s bags right now. He isn’t someone who always says he is going to do something because he is going to do it.

HesitantInvestor0

I agree with this for the most part. Maybe not buying hard from top to bottom, but on weakness like we had in 2022, starting an allocation around 30k or so down to 16k was IMO better than trying to time the bottom perfectly. People generally recommend waiting for a strong reversal before accumulating, but in super volatile assets I find by the time the strong bounce has happened, you would have been ahead by buying on the way down. It's also easier buying on the way down than to buy after a 100% bounce. Obviously buying at 30k in 2023 was a good decision, but it's tough to stomach knowing it was just at 16k months prior.

HesitantInvestor0

That is absolutely not a safe assumption. It could happen, but mining is one of the most capital intensive industries you could think of, and that tends to be bad for shareholders. A few reasons: * Hashrate growth of the network has miners taking a smaller and smaller portion of the pie * Halving every four years cuts revenue in half * Equipment is expensive and becomes obsolete quickly * THE BIG KAHOONA! - This means insane dilution of shareholders The last point is just a consequence of the first three points. But go look at the mining companies and outstanding shares over time. Go look at what Mara's market cap (or any of them) was at the peak of the 2021 bull run and compare to share price. Now notice that while their market caps are 2-5x higher, their share price is down 70-80% in most cases. Miners might squeeze. If they do, exit your position as fast as you can because it doesn't last. Personal Experience: holding and adding to miners through the last bull run, bear market, and until today. I stopped adding a while back and decided to allocate to Bitcoin directly instead. It's been the best decision I could have made. Luckily over the years I always maintained a higher allocation to Bitcoin and now also to ETFs. My miner exposure is around 10% of my total Bitcoin exposure and... I wish it was zero. All that said, my expectation is that at my point of selling my remaining miner exposure, I'll probably be able to nab a 2-3x. In that time, buying Bitcoin directly would certainly have gotten me more gains, with less volatility, and incurring less risk. Lastly (sorry this is long) the risk/reward of buying miners now is actually pretty good. Not as good as buying at bear market lows, but better than it's been over the last year or so IMO.

no_choice99

You can stop it. 51 percent attack is far stretched but not out of reach for the richest countries. Exploit an unknown vulnerability either in the code or the system itself. You can't claim there is none, just like that. Slowly taking control over its Github developpment and either create several hard forks over time so people split more and more until it becomes less popular. Wouldn't kill it per se, but would make it less popular than its contenders. And of course other ways I haven't thought of. But claiming to understand that it cannot be stopped is wrong, IMO.

chichris

Sure, but it’s still the most user friendly (besides Tamdem) and great for beginners. Ledger Live is really solid to boot. No ledger wallet has been hacked so a lot of this is over blown IMO.

Shorta126

IMO this is the best way right now.The points you collect make up for the fees. And you hold more Bitcoin riding the upswings. That means you hold more through the downswings too. You can always switch back to fiat cash flow until it passes.

Kindly-Wolf6919

You'd be better buying the crypto directly IMO. Being a solo miner isn't as fun as you'd think and joining a pool might not be worth the cost to set up and maintain. Either DCA or invest in companies that do BTC mining or something. Mining is extremely competitive now.

kilo6ronen

IMO you’re correct. And I did just that the other day

Individual_Star6042

Expect this current dip to last through Christmas then things will start heating up early January. Fill your bags now IMO.

PolicyWonka

Ted Cruz isn’t exactly well liked even within the Republican Caucus. Do you actually believe that he’s got a crypto mining rig? When it comes to politics, Crypto will just bring less accountability and more corruption IMO. I think that’s pretty clear judging by the types of politicians who are even engaging at the moment.

Helpful_Policy_9696

IMO the last quote is really the only thing that matters in the whole video: "It might make sense just to get some in case it catches on." - Satoshi Everything else is just hoopla. Its currency and if people believe in it then it has value. Personally, while I think crypto and decentralized currency is the future, I don't necessarily believe bitcoin specifically is that future (though it is mutable so it always has a chance). But the probability that it has value, and gains value, going forward over the next couple decades is extremely high. Buying some and dedicating a portion of your retirement to it is a smart move.

Quirky_Highlight

If buying Bitcoin is what you want to do with the money, and you plan to hold, I don't see why you shouldn't go ahead. It is entirely possible we will see a bounce downward over the next month or so, but hardly guaranteed, it could easily go the other way as well. IMO as long as you are clear on what you want to do and how to do it, I say go for it.

ItsAlwaysSunnyInCali

Total fee depends on the coin, total amount, and the exchange you are using but it's pretty low IMO. I recently transferred BTC from Coinbase to Trezor device and the fee was around 0.015% of the amount I transferred.

Joe_From_Kokomo

I could write a book on all the problems with CSV file importing into Koinly.  They refused last tax year to help us by sharing their CVS master file template info- the basic breakdown of how their software expects your CSV file fields to be formatted for their software to correctly parse it and import all your buys, sells, etc. This caused my wife and I many, many, many extra hours of stress and hassle, as even the Koinly 2 minute Youtube cartoon examples don't actually work if you try them. We wanted only a simple composite template CSV (text) file example so we could import buys, sells, rewards, all in one file and they refused to share it.  As an IT software support analyst, I was stunned that they did this. Luckily, we eventually figured out that their software imports BitStamp's CSV files, so we ended up using a BitStamp CSV file as a master template to get old long ago Bittrex trades entered.  Which meant the difference between entering hundreds of trades in one file, or one at a time individually. Zero help from Koinly. They left us high and dry, which sucks IMO.

dr_betz

I’ve thought about it. But I use wealthsimple which charges 2% on each buy and sell. So now I need a 5% swing to make 1%, so not worth the risk IMO.

DHalps2323

IMO, I think that BTC is going to go back up soon. See the $100k mark as more of a psychological number. Then the hype train with talks of US Strategic BTC Reserve (SBR) and European Union talking SBR, plus states like Ohio, Texas, Pennsylvania, etc talking SBR... Many took distributions and profits when it reached ATH levels. Then the rate cuts went the other way as the cuts increased the value of the USD. Plus, Powell made comments saying the fed cannot not hold BTC. Overall, in many ways BTC like the stock market ebbs and flows on emotions & sentiment. What is interesting is that currently, we are at all time highs for STH (Short Term Holders) of BTC. Typically STH supply increases during bull runs and it is at an all-time high in the past 40 months (since last halving). LINK: [https://pbs.twimg.com/media/GfUp1nlbsAAyuq0?format=jpg&name=large](https://pbs.twimg.com/media/GfUp1nlbsAAyuq0?format=jpg&name=large) As far as increasing, I see a pump on/around 1/20/25 when Trump takes officially takes office, or shortly after he takes office. If not for the SBR, for the changes in regulation and the new regime that will be friendlier to crypto. Right now, for the next month I think BTC may go up and down but will not change too much. The BTC Power Law chart puts BTC at about $99,400 on the linear progression line, so we are not that far off from that... I see support levels at $98k, $95k, $91k... Did a quick Fib retracement chart over past 3-6 months and key levels look to be around $97k then $89,900 then around $84k. What I mean by "key levels" is if the market drops strongly then most likely these are the next levels/amounts that it will go to (ex: if see a big drop from $97k then $90k is most likely next level). I really do not see it dropping below $90k... If it does then it could go down to about $84-85k but I really do not see that right now... I could be wrong though as I am not an expert. There's a very interesting chart I saw that overlays the past BTC cycles on top of one another. It is interesting to see how each BTC cycle is fairly similar... LINK: [https://pbs.twimg.com/media/GfSGettagAA7x5h?format=jpg&name=4096x4096](https://pbs.twimg.com/media/GfSGettagAA7x5h?format=jpg&name=4096x4096) Again, I am not a financial expert.

External_Currency_11

IMO the hardest barrier to bitcoin understanding is to stop thinking about bitcoin in dollars. You don’t “buy” bitcoin or “sell” for dollars. You don’t buy money. You earn it, so what you are really doing is exchanging money. No different than if you travel to another country. It’s the reason why capital gains tax is so ludicrous, but don’t get me started. I personally don’t believe that the volatility in the exchange rate will last forever. How long it takes to even out is a question no one really knows. It’s volatile today because Bitcoin is an asset worth $100T+ in market cap trading at around $2T. So basic math says at around $5M per coin it should be way more stable to price change, but at that price you have to wonder if the dollar even exists anymore. As they say, 1 bitcoin = 1 bitcoin. Your job is to stack as much discounted future money as you can because exchanging the worlds best money for a dying money seems pretty stupid to me. Your goal should be to retire your bloodline from the working class for eternity.

Amber_Sam

ETF is a bad option, IMO. You want to buy bitcoin and store in your own wallet. I've never used these two, get Strike instead.

Gloomy_MTTime420

I was joking about the baseball cards. What do you mean it’s always *ON CHAIN*? And why are you shouting that? No, it isn’t a rock that we extract from the ground, but it is theoretical monetary concept that, as you noted, uses proof of work and that immense energy to validate each block with cryptography that until now has been proven secure. I always like to remember what Michael Saylor says in his talks about seashells once being the monetary currency of ancient civilizations. We have to remember that. Currency debasement and the reliance on the credit standard, not the gold standard, is what’s driving this IMO. People steal gold. People steal other “stores of value” like cars, artwork, prized baseball cards haha, but nothing is infallible. It’s not reasonable to thing no one is going to move $BTC around. That’s the equivalent of thinking no one will ever sells their shares of the Mag7 companies. Everyone has different financial needs than you and it seems that is a myopic view of things and how fluid markets work. If you look at the shareholders of all the mining companies (that have made it AND are profitable), the large equity groups like Blackrock have positions. That tells me that eventually all the mining companies will get absorbed into Blackrock type portfolios, which then will make those assets available to the markets and governments of the world through instruments like the $BTC ETF. *I invested in the miners a couple years ago and gave up because it’s felt like investing in gas stations but not the oil company itself.

MichaelAischmann

IMO, BTC is neither at nor near its peak. I also don't believe you'll ever see BTC below 60k again. You've seen what happens to alt heavy portfolios.

Background-Peace-580

This project is shit, just a lot of hopium from the sleazy Scott and his shenanigans. The narratives are great but straight bs IMO. Tesla, with national, geo mining, with xyo integration to mine doge..... just read his tweets and you will see how much he destroyed xyo fir example. Now he is milking his way into retail pockets with natix

ec265

What makes a chain more competitive? This is a dangerously false narrative IMO The only advantage new chains can offer is L1 speed, but (a) every iteration comes at the expense of decentralisation and (b) it’s shortsighted to not understand that Ethereum is scaling both L1 and L2 Ethereum is far more Lindy and has network effects that cannot be replicated by a new chain TradFi ‘trusts’ ETH and a shiny new alt-L1 offering 10 million TPS isn’t going to change that - what is important is having a credibly neutral base layer for settlement https://ethereumadoption.com

hodler3k

It's a crypto debit card. Before swiping you will transfer crypto of your choice instantly to fiat at time of transaction. I know that kind of stuff gets lots of hate here, but if the masses start using crypto they will want a familiar way to spend it. Like it or not this is the most likely way of the future for crypto, IMO.

McTeezy353

Because this is the final form of crypto. We are all here for the money. 🤷 IMO it’ll be btc and memecoins.

PunxAlwaysWin45

I just doing math and asking questions about estimates.... I have my side. I just think the estimating on her part is a bit high. Its going to help sure, but thats because bitcoin will outlast the US government as we know it IMO.

scooterbike1968

BTC only has value because it’s the criminals’ currency IMO.

Constant_Falcon_2175

Given the clear popularity of the BTC ETF products, had the SEC approved these type of products years ago would the fraud we saw at FTX and other places been greatly reduced. IMO many people would have likely used these ETFs as opposed to exchanges to get their BTC exposure.

MusaRilban

Yeah there is no nuance here at all. Either you're with the hive mind or you're a rapist racist loser hater traitor. Idk man shit irks me. I like X but it's a bit bitty/spammy .. can't curate it as well as Reddit IMO. There needs to be a competitor in the forum space soon.

Jazzlike_Ad_5225

IMO, btc is def a candidate for long term investment. This is just me: I would just trade btc or other well performning assets instead of going all out during a bull. For long term, I plan to wait until bear market to dollar cost average in. investing in ETH is a bit tricky since if other alts get more attention (competitive new layer 1), it struggles. I would be cautious to invest in any alts long term: I would have to do a lot of research PLUS try to predict what the next hype is. the latter is easier said then done due to the dilution problem. Just in the past two months, rotations have been unpredictable, moving from memes to ai to dino coins (those existed since the previous cycles) to defi, etc. now, some memes are dying while one or two are standing out. the inconsistency is insane compared to the previous cycles. some seasoned crypto playes are even forecasting that buy and hold approach might not work as it has in the past due to the massive amount of coins entering the market. Unfortunately, crypto is an attention driven market. Fundamentals are important only if a short-term trend focuses on coins with fundamental values. Next thing you know, most capitals are poured into memes. For the meantime, in order to at least find some sort of trend, looking at the total mc and dominance charts might help to spot overall trend and predict short term drops. At least some basic technical analysis ability is a must: total market cap, btc price / dominance, alt mc/dominance excluding btc/eth/usdt, usdt dominance, defi mc / dominance, etc. In terms of this cycle's hype, paying attention to what Trump's World Liberty is buying might help: so far, aave, link, eth, and one more (can't remember at the moment). also, with the upcoming new regulation clarity re crypto, the landscape change might prompt new hypes. this cycle def keeps me on my toes.

Creme-Waste

I will make an effort and go through the links. 1. This post accuses CDC of an imminent rug bc of a likeness to another product (specifically crypto credit cards). Meanwhile, today, almost every exchange offers cards in some shape or form. I guess all of the other companies offering cards are also scamming. Kris Marszalek also answers the criticism directly under the post and explains the differences between the two products (namely, the whole exchange side of things). 2) The second link, I assume (it has since been deleted), accused CDC of scamming because they advertised heavily. I do not understand why an advertisement would be a red flag; neither did the post expand on this. The post received 22 upvotes. Meanwhile, the most upvoted comment with 200 upvotes calls out the OP, stating, "Please provide more than just inflammatory opinion." Also, CDC clearly was not a scam. It is still here despite this post from 4 years ago, after surviving a bank run and a multi-year bear market. 3) The third link is a comment being discontent about the MCO conversion to CRO, which is a fair opinion. But it has been since discussed why Monaco was open to potential litigation while CRO is more detached from the CEX and thus less sus. You can disagree with this assessment, but that is your own subjective value judgment. 4) This link accused the CDC of possible scamming in the future bc some card issuer making crypto cards went under or stopped business? Idk the whole post is weird. Only 3-4 sentences concern [Crypto.com](http://crypto.com/), making assumptions (mentioning Bitconnect and that Satoshi Nakamoto would not like crypto card ICOs). Retrospectively, it was clearly wrong. CDC did not rug; it is still here with a large user base that transacts with their cards all around the world on a daily basis. 5) This link calls CDC a scam bc they listed DOGE and SHIB. I guess you could call this a value judgment based on dislike for meme coins, but not sure why you included it here, supposedly proving CDC is a scam. Does that mean Binance, Kraken, and Coinbase are scamming too bc they list DOGE and SHIB? 6) This link is a bit more complex with several points bundled together, alleging scamming bc of: * a supposed delay in the distribution of cards to the US, as they were launching first in SG and progressively in other parts of the world (possible, but not relevant anymore, I assume, with hundreds of thousands of cards out there and millions of users of the CDC App globally); * rebrand to [Crypto.com](http://crypto.com/) (IMO obviously better name than Monaco... companies rebrand similar to the company from link1 rebranding to Monolith); * MCO conversion (see my comment to link 3); * and the prior business activity of the CEO Kris Marszalek (I will comment on this a bit further below to avoid repeating myself).

blackwoodify

You will definitely see Bitcoin below $70k again IMO. That's probably the trigger that I would start accumulating again.

compute_fail_24

IMO cycle begins at the halving, not the top.

Creme-Waste

I will make an effort and go through the links. 1) This post accuses CDC of an imminent rug bc of a likeness to another product (specifically crypto credit cards). Meanwhile, today, almost every exchange offers cards in some shape or form. I guess all of the other companies offering cards are also scamming. Kris Marszalek also answers the criticism directly under the post and explains the differences between the two products (namely, the whole exchange side of things). 2) The second link, I assume (it has since been deleted), accused CDC of scamming because they advertised heavily. I do not understand why an advertisement would be a red flag; neither did the post expand on this. The post received 22 upvotes. Meanwhile, the most upvoted comment with 200 upvotes calls out the OP, stating, "Please provide more than just inflammatory opinion." Also, CDC clearly was not a scam. It is still here despite this post from 4 years ago, after surviving a bank run and a multi-year bear market. 3) The third link is a comment being discontent about the MCO conversion to CRO, which is a fair opinion. But it has been since discussed why Monaco was open to potential litigation while CRO is more detached from the CEX and thus less sus. You can disagree with this assessment, but that is your own subjective value judgment. 4) This link accused the CDC of possible scamming in the future bc some card issuer making crypto cards went under or stopped business? Idk the whole post is weird. Only 3-4 sentences concern [Crypto.com](http://crypto.com/), making assumptions (mentioning Bitconnect and that Satoshi Nakamoto would not like crypto card ICOs). Retrospectively, it was clearly wrong. CDC did not rug; it is still here with a large user base that transacts with their cards all around the world on a daily basis. 5) This link calls CDC a scam bc they listed DOGE and SHIB. I guess you could call this a value judgment based on dislike for meme coins, but not sure why you included it here, supposedly proving CDC is a scam. Does that mean Binance, Kraken, and Coinbase are scamming too bc they list DOGE and SHIB? 6) This link is a bit more complex with several points bundled together, alleging scamming bc of: * a supposed delay in the distribution of cards to the US, as they were launching first in SG and progressively in other parts of the world (possible, but not relevant anymore, I assume, with hundreds of thousands of cards out there and millions of users of the CDC App globally); * rebrand to [Crypto.com](http://crypto.com/) (IMO obviously better name than Monaco... companies rebrand similar to the company from link1 rebranding to Monolith); * MCO conversion (see my comment to link 3); * and the prior business activity of the CEO Kris Marszalek (I will comment on this a bit further below to avoid repeating myself).

The_Realist01

IMO it’s due to market size. If stocks or RE drop 20%, that’s equivalent of a year or two of USA GDP being destroyed. If Bitcoin or crypto drops 20%? It’s the equivalent of a 4 week federal government shut down.

_----OoO----_

IMO this is another bull run dip and not a major correction.

DHalps2323

So he’s using the Fibonacci retracement/extension… The issue there is the original dots or starting points… For example, I’ve seen ppl look at these too far out or too zoomed in… So he is basing his chart of those original dots when they could be different on another chart using Fib retracement/extension… Then he’s saying next spot is $166,754 but totally neglecting the fact that this dip would need to drop back to his $71,591 retracement first, bc with the Fibonacci retracement when it drops so far it goes down to the next retracement level… then it could do back up to $108,308… and then from there if it shows a consistent breakout it’ll go up to $166,754… Then there’s Elliot wave theory, there’s market cycles, and then power law theory, and etc etc etc etc… This guys chart and post is bologna IMO.

Background-Peace-580

Everything is following the path, IMO. every time we said this is different but at the end is always the same A to B path, just with different colours and narrations

Daniblitz

It seems a lot, but the average for stocks over the last 100 years is something like 6.5 or 7%, for example if you include dividends for s&p500 it would be over 10% YOY. But it's not really all \*real\* growth, because they have been printing more and more money each year, and the scale that the value is measured in (for example USD) is worth less and less. So, 7% growth YOY is not at all far fetched IMO, if you account for inflation at say 4%, that's only a 3% real growth which is not at all far fetched considering advances in AI and tech etc. The much harder and more uncertain thing about that prediction is the remaining 20% YOY capture for their \*base\* case! you can look at the US debt (here for example: [https://www.usdebtclock.org/](https://www.usdebtclock.org/) ). US national debt 2024 is 36T, but in 2004 it was 8T, that's over 7% YOY. 1980 it was 1T, which over the 44 year period is 8.5% YOY; i feel so bad for two of my friends who saved all their money since their late teens in regular bank saving accounts, and are still renting, watching their hard earned money get devalued each year, but too risk averse to even invest in regular index funds :/

Tarkoleppa

We all know this to be true, in between it can be rough to. Don't believe this was such a bad timing though, didn't buy at the cycle's top IMO, much more room to run next year.

kakashihokage

because literally every other asset has intrinsic value. You buy a stock you own a piece of a company that produces revenue and maybe provides dividends, you buy some gold the gold has value as jewelry and in industry such as electronics, you buy commodities such as wheat that wheat can be eaten. Yes they can be speculated on but they have value underlying that speculation as well. IMO we are well beyond speculating on crypto, crypto is not going to change the world in the ways we imagined. Yes it's changed the way many store their funds, which is cool I use it as a store of value. But virtually all of the projects that formed as companies such as the ICOs have utterly failed to achieve any real world adoption for their intended use case. The entire market is simply buy some coins and hope more people buy behind you so you can dump on them. It's just a known ponzi scheme. Get in and get out before you get dumped on. The market has become SO saturated by these worthless coins literally hundreds a day and being assigned valuations in the millions it's 100% unsustainable. These "cycles" are nothing more than whales manipulating certain coins up like bitcoin, eth, xrp, doge, getting people to fomo in which produces a bubble and then retail comes in to push the price higher and then the whales dump on them and we fall back to earth, then whales buy up the retail panic selling and the cycle repeats. it's all planned out with retail getting screwed EVERY time.

pink_tshirt

Kind of feel sorry for her. IMO she got taken advantage of. On the part of the spectrum are the idiots who actually invested in it.

MichaelAischmann

Because it is an excellent settlement asset, especially for parties that do not trust each other. Take two countries that don't like each other. Do you think one is comfortable exchanging goods & services in exchange for the paper money the other one prints? Probably not. In such cases physical gold is often used as final settlement. Now what if these countries are on opposite sides of the globe. Physical gold is much more difficult & expensive to move around the globe than Bitcoin. Bitcoin is impartial, Bitcoin is neutral. That & the fact that BTC is already called "digital gold". It has many desirable properties of gold with the added benefit of being transferable online. IMO that warrants a higher mc than gold.

Dear-Zone293

The island itself is pretty minging IMO

MichaelAischmann

PEPE will not revolutionize finance/crypto/web3. It is a product of pure speculation and hype. IMO people should just switch to something with a purpose.

FGTRTDtrades

My alt bags are feeling sexy AF even after this dip. Just a good buying opportunity IMO

Macnamera

Every time crypto moves from 1 point to another, there's a potential for a fee. From the exchange to the self-custody wallet: that will depend on the exchange. Good exchanges will charge anywhere from nothing up to the current transaction fee cost on the bitcoin network. You can see the current transaction fee of the bitcoin network here: [https://mempool.space/](https://mempool.space/) Sometimes an exchange uses some sort of algorithm to determine the network fee to charge you, but it "should" never really be "extortionate amounts" unless there's very high congestion... in the last 6 months or so it's been about $1 USD, or 1,000 sats to 10,000 sats, with exceptions in very high congestion moments. IMO if your exchange is charging what you consider to be too much and you're trying to figure out the root cause, your exchange would be the primary factor at this point. Once the BTC is in your custody, moving it anywhere (for example to another wallet, or back to an exchange) the fee will be up to YOU. Yes, YOU choose. A good wallet software will let you choose, at least. However, if you reference the mempool, what you need to consider is the transaction fee is like a bid at an auction to get added into the next block. If you put a bid in too low, no miners will pick up your transaction and it'll just sit there (technically indefinitely). This could be the deeper "why" that an exchange claims as the reason for their high fees, but is more likely to be a charade or incompetence IMO. Use the mempool site to see historic fees, highs and lows in a block, etc. To answer your question about sending crypto from your wallet to your bank account... I don't mean to be rude but bitcoin is not USD and your bank will only hold USD for you. You have to sell your bitcoin first.

vinny_conswego

Its the best measure across all good sold, from eggs to cars to real estate, IMO.

Mappel7676

I was reading the release and said to myself, "So basically, they offered you a seat at the table. IMO, if they're going all the way to San Salvador to talk to you, then you're doing something right. But, aren't they using volcanoes to help mine? What happens to any bitcoin mined after this agreement?

Asabovesobelwo

Great coin I’m glad I invested considering the crash on the stock market, community backed projects are the safest bets at the moment IMO Don’t give your money to these big corporations apple alphabet etc. trust in your peers and pump BBC to the moon

TheShocker1119

Not to sound rude, but what did you expect to happen when all the big institutions came in and bought majority of tokens. Now they play the exact same game they play with the traditional markets. The more money you have the more influence you have over the markets. I mean just look at DOGE & Elon as the most obvious token. This has been something I've been contending with as the reason I got into crypto was for the transparency, decentralization, and security through cryptography while following an algorithmic pattern & having control over my own money without having it stored in a bank. I still enjoy green days and have my targets set to take profits but crypto needs an imagine change as most people associate it with memes, scams, worthless digital art, & gambling, while a lot of us use this as a vehicle for a storage of value & are looking at the actual tokens that provide real world use cases that add value to our current economic climate. I still don't understand why hold hundreds of thousands or millions of a token that is 4 to 5 tenths of a penny & mathematically will never hit a dollar. If it takes 500k of the token you own to buy 1 loaf of bread IMO this is a terrible vehicle to store your funds in what in normal economic terms this would be called hyperinflation.

3rdPlaceTrophy

If quantum becomes an issue and not just FUD, then it won’t just be bitcoin affected. It’ll take down traditional systems like banking, government, healthcare, etc. and at that point it really doesn’t matter where you store your money or your private information because it’s all hackable. Security adapts and this will be no different IMO. As long as it’s hypothetical, it’s FUD.

MayorDepression

Nah, focus on BTC if you're investing long-term, IMO. I'm 95% BTC and 5% ETH. Do you, though.

billbrock1958

Hey, we only have one planet earth, so hard to put numbers on these things. And I've done enough one-year projections in my life to know the value of 21-year projections. Assume global net worth = 1 quadrillion, or about $125,000 per capita for each of 8 billion. Assume 4% real growth (pretty darn optimistic IMO) => that gets you to 2.3 quadrillion in (2023 dollars) in 2045 BTC 2021 "market cap" = $2 trillion (it's complicated because of lost + Satoshi wallets, I know) Assume 4% inflation. BTC 2045 "market cap" = $2T x (1.29-1.04)\^21, or about $217T \*in today's dollars\* 217T / 2.3Q = 9.4%. Such a forecast assumes that BTC essentially replaces M2 in the USA, EU, China, India....the world. A \*real\* return over this 21-year period of 10x (BTC with a market cap of $20T in 2024 dollars) would be spectacular. That would be about 11.6% per annum. BTC as "digital gold" is a much more reasonable prospect. 0.9% of global wealth is not shabby. I think even this reduced prediction is overoptimistic. It's not stopping me from buying BTC in moderation at $100,000

CommercialTheory111

If you are looking for long term winners I suggest you look in the direct of tokens implementing AI, those with strong support or unique application. IMO Dot had its time & there are new kids on the block. Crypto is always evolving, find new technologies DYOR. I could mention a few good AI projects but I have zero need to promote any.

jesus_does_crossfit

I sold 2 BTC at the 2022 EOY lows. When ETFs hit, I started trading 2x leveraged ETF shares for BTC and ETH (both 2x long and 2x inverse) and have realized $70k gains so far this year and counting. There are ways to be not greedy and not have to be a HODLer either. Little and often makes much.. HODLing carries an "opportunity cost" IMO

Tron_Passant

IMO if we hold 100K today we are in great shape

Accomplished_Bag8

That's why bitcoin isn't good at being a currency IMO A store of value like no other however. Gold 2.0. It does a phenomenal job of that.

_Tangent_Universe

IMO It’s more about investment- borrowing money to build a new factory becomes far more difficult because your debt will grow by the deflation rate plus the interest rate charged - all while your income falls as prices fall. Even if you don’t need to take on debt, the opportunity cost of investing has to beat the rate at which the money appreciates, so even investing without debt slows.

jawni

Your post doesn't really mention the tech at all and makes multiple mentions of trading strategies, so it's kind of hard to tell what you're looking for. I'm just gonna copypaste my comment from a similar thread yesterday: >I know that the subreddit must be full of valuable information and knowledgeable people who can offer insights and advice. lol no this subreddit is honestly the worst place If I were you I'd skim through some of the yearly reports put out by the crypto industry and then take a look at specific parts that interest you and keep note of the different emerging narratives, important people and projects/events that have taken place so far. Then go to the official links for whatever that might be and they will have the resources you're looking for. https://messari.io/report/the-crypto-theses-2025 https://resources.messari.io/pdf/crypto-theses-for-2024.pdf https://resources.messari.io/pdf/messari-report-crypto-theses-for-2023.pdf https://messari.io/pdf/messari-report-crypto-theses-for-2022.pdf https://messari.io/pdf/messari-report-crypto-theses-for-2021.pdf https://messari.io/pdf/crypto-theses-for-2020.pdf Messari has the best free reports IMO but there are plenty of others: https://a16zcrypto.com/posts/article/state-of-crypto-report-2024/ https://www.coingecko.com/research/publications/2024-q3-crypto-report (CoinGecko does it quarterly) https://www.binance.com/en/research/analysis/full-year-2023-and-themes-for-2024 (last years from Binance)

SolFire2024

I really like Rodney, the My Crypto Journey guy. He’s pretty open about what is and is not working for him. He launched $DADDY on base as a tutorial and it became a real thing. Worth listening to IMO

goochborg

I guess it depends on how you want to trade. Personally, I looked at the BTC I held in 2017 and kick myself because it'd be worth 150k more if I didn't cash out when I did. Sure, it wasn't a huge number then but holding would have ultimately made me more. So I bought back in at 99, and if it loses 70% of it's value, it would suck, but I'll just wait a few more years. It will bounce back. I look at this as more of a medium term investment. Trying to trade it day by day seems like much more risk than the hold, but I'm sure some people have success there. Same with stock options.... You can hit it big but 90% of folks are losers. I'd just keep adding, and try to do that in a dip. in 6 months you can be down 60-70%... Dont sell then. Just hold on, and buy more IMO.

Wonderful_Fun543

Spray and pray is for sub-machineguns, Over-dilution is what you are proposing here OP. Not a great strategy IMO, buy you gotta do you OP! Good luck!

RedneckHippy76

Not too late. Less Moon Shot potential but still a wise move IMO ##NFA Limited amount available, maybe there are more lucrative deals out there but BTC will be solid. 🇺🇸🦅

EndSmugnorance

IMO it’s not a good time to invest. I would NOT recommend crypto as an investment to uninformed family/friends while it’s at all-time-highs.

ThatChrisGuy7

IMO huge down spike incoming. If you wanna try to time it, go ahead. But -20 or 30%

TheseusTheFearless

Yes and AOL was once the largest provider of online services. I think you missed my point. It clear that eth is the largest because it got in first but it's now one of the worst because of its debilitating gas fees and old tech. The parallels between AOL and ETH are clear and I think the price is only just beginning to reflect that. Eth will continue to bleed to other layer 1 cryptos. IMO it will still rise but while losing market share.

Fun-Technology-1371

BTC getting a false start on the ETF fomo or the election results, whichever you wanna attribute it to made this cycle a little weirder than the previous 3. This time BTC broke before the halving so the alts g