IMO

reliable35

$TAO - IMO is potential the biggest game changer in crypto. Decentralised intelligence.. 128 competing sub-nets (AI projects).. with 1000s to come in future.. not all will be high quality.. but it only needs a few to succeed for this project to 10x even 100x in MC from here..

Impossible-Goal3492

Focus on the underlying technology, not the coin. Understand what blockchain tech actually is & how it will accelerate web3 and intersect with AI. As of now the biggest pillars holding up blcokchain are 1. Stablecoins/Payments 2. Real World Tokenization 3. AI DYOR on which companies are & will be disruptive in those 3 areas and that will tell you which companies will be profitable in the mid term. These are not mystical coins, these are tech start up companies that eventually will need to turn a profit to stay relebant. Based on my 5 years of research, I like Hedera the best (HBAR) as a long term hold. They give you exposure to all 3 pillars & IMO they have the best technology with arguably the smartest founder with the most impressive credentials (US Air Force/Dept of Defense) Many crypto projects will disappear just like the dot com boom when price movement is determined by actual revenue and not just hype. Focus on revenue and tream these 'coins' like real businesses - because that is what they are: web3 blockchain tech companies.

Odd-Farm270

4 year cycle is a bs explanation. You can see the choppy price action in the last few weeks. Really doubt that this bullish movement came out of nowhere to stay. Seems more like a fakeout to then continue dropping to $65-$72k IMO.

Bigdyll13

No. Would be dope, but no. Not impossible, people saying $100k are a bit optimistic IMO.

cliff_smiff

IMO the core hypothesis centers on scarcity, enforced by decentralization and game theory, as opposed to the inevitable inflation of fiat. Those who store value in Bitcoin will do better than those who use eg dollars. But, understanding the importance of this requires a wide view of history, as well as awareness that other countries do in fact exist with billions of real people in them. In my experience, westerners from cushy and prosperous countries dismiss these reasons, as they seem unable to imagine a global order where their states are not on top and they don't benefit from exploiting poorer nations. Likewise, they are unable to imagine living under oppressive governments. History shows us that things will change, eventually, it's just matter of when.

LooseSpot4597

I think he means $150k-$200k and that is the total value of 3 coins. IMO this is reasonable.

Sandharbor

What’s the point? I mean he’s right even the “legit” coins we are all basically trading coins with CEO’s at this point. There basically just unregistered stocks themselves, without needing to be audited, or file financial data, have the ability to dilute whenever they want. They can migrate tokens at will and come up with brand new tokenomics in the process.  I’m not leaving but the most profitable narrative in crypto is defi. But they act like banks and how can they really reward the token holders other than staking rewards or buying back and burning without being deemed an illegal security.  Our crypto friendly president who could’ve done something came in with his crypto friendly idea basically launching slow rugs. His coins look like any other rugged coin.  Google Ben.eth and his coin “Psyop” you could trade that chart and Trump coin chart, it looks exactly the same. Crypto stocks outperformed almost everything. IMO the safest play for crypto other than BTC is probably COIN stock and it did outperform from its market bottom, it plays every facet of the market; exchange, layer 2, crypto treasury, coin base ventures, profits off aerodrome dex, has real earnings, can’t dilute us to crap. 

ThatChrisGuy7

IMO MONADS money will flow into SOL once some of the early buyers capitulate

Purple-Wall3847

IMO, they are pointing out the history of a step decline, a climb, a leveling out, then onward and upward. Higher lows, higher highs. Without breaking out a real chart and my software, the back of the napkin art shows a possible low down to abt 80K (flame suite on lol) https://i.redd.it/9dv35nfgpg3g1.gif

50sat

Reading some of the comments and statements has caused me to look around at this and note that it's proper operation of a blockchain ecosystem. 1) Someone made a transaction that broke some rules that were already adjusted. 2) A bunch of lazy node operators got off on a fork due to an old ruleset. 3) Disagreement (fork) was resolved by moving the miners to the current ruleset for consensus. Enough miners ignoring development to cause the fork is an interesting statement about the health of the community but this is the skeleton of the process for many, if not most, extant block chains. This was good for the chain. In a tough-love, wakeup call sort of way. Whether it comprises an attack or not, laughable. I don't even pay attention to what hoskinson has to say any more because he's so contrarian he basically cockblocked an entire avenue of bitcoins evolution IMO.

DigitalHemlock

In fairness they are making money off your money in exchange for that 4% AND a banking system you use, web interface, app, ATMs, ACH payments, protections via FDIC and against theft, etc, not to mention in many cases physical locations and customer service. Not saying the amount they make vs what you get is "fair", and that crypto shouldn't change the industry, but they do provide a service that costs them money to provide so having a spread on what they make vs what they pay is at least categorically reasonable IMO.

Sandharbor

I like watching influencers for entertainment and sometimes ideas to start my own research. For every hundred coins recommended by them one might be worth it.  A lot of the recommends though are for crap with poor tokenimics, which IMO are gonna act like slow rugs while the holders get diluted on a continual basis.  As the market matures I hope to see some influencers focus more on the potential revenue streams and metrics of the coins. At the same time hope to see more protocols along with legislation figuring out a way to reward or share that revenue/profits with their holders. 

Emergency_Egg1281

What happened to the job report bump ? The market is being manipulated by the super rich. People say Trump , and i laugh cuz he ain't got that kind of cash. Im betting Bezos and 5 or 6 of his buddy's are bound and determined to not let the people make any money just to make a president they hate look bad. thats IMO.

harvested

I think the lines are already beginning to blur, but no, wouldn't a December rally to ATH be in line with the cycle? IMO a cycle break would be 2025 = flat or down, 2026 = up year or ATH.

ItsEtidorpha

It’s not a bad book, and does explain a lot about currencies since the beginning of time, monetary policy and the benefits of Bitcoin. However a lot of it is not actually about Bitcoin IMO. If you want something focused primarily on Bitcoin then I’d recommend Bitcoin One Million.

BainTrain55

IMO depends how stocks do tomorrow, we need a red day for stocks and green day for BTC to convince me still.

CyberCurrency

There are a lot of credit card companies that offer enrollment perks. Usually get $200 back after $500 in purchases. You can easily churn $1k/yr across brands. Cancellation call typically takes 5 minutes to complete. Worth the hassle, IMO

TheWaveCarver

Im not trying to be overly stubborn or discouraging, bear with me here as I think this is a worthwhile discussion. Bitcoin is seen as the future of finance but situations like this need to be handled with more elegance for it to succeed. Saying your finances will "expire" unless they are moved only supports the use of centralized custodians IMO. Maybe there is a better way. If there is literally not then maybe there is a better alternative to Bitcoin out there. And Im not shilling, I dont hold any altcoins currently.

TheWaveCarver

IMO 2 years is not nearly long enough deadline for what youre describing. These wallets could potentially be someone's life savings not a gift card

uncapchad

consumers pay in Bitcoin on the Lightning network, merchants have the option to either keep it or convert to currency or automatically convert up to 50% of their daily card sales into Bitcoin. All with zero fees until 2027. Their services include wallets and tax tracking. This is rolled out across USA and 8 other countries with more to come next year including online payments. This makes it easier for the many merchants out there who want to accept Bitcoin or already do accept it but face technical and other challenges. You see posts in this sub all the time across a variety of sizes of businesses, self-employed etc. IMO, Block wouldn't have done this if they felt the adoption level would be low. Also if they didn't feel that changes in regulations regarding taxes (in the US at least) weren't coming. According to their research, cryptocurrency payment users in the US are expected to grow by 82% by 2026.

FamousAirline9457

IMO bitcoin is at its correct price. The price drop was a well needed correction. It was way too high at 120k.

No_Knee3385

IMO, just DCA into this account over the next few decades or however long.

Calm-Comfortable3308

I think BTC is still extremely undervalued IMO

devCheckingIn

BTC.D going up means these prices aren't going to hold IMO.

Embarrassed_Boss_576

IMO, this picture is accurate: every dolt who thinks that BTC is dead (for like the 900th time), will sell and get proverbially poked in the rear. Let’s put it this way, Bitcoin thrived on numerous occasions when the entire world and powerful governments were against it. It would therefore be naïve to think that it is not slated for a comeback with all of the momentum behind it now — ranging from nation states to institutions. Common sense tells me there’s still lots of gas in the tank for this unique and valuable asset.

RossiCS_

we've seen it before, we usually have a pump on weekends and then a dump when market opens on monday. IMO we'll only see changes in price action if something changes in terms of macro - like a rate cut. As for now there is not a huge reason for the price to go up, and these little bounces are normal in such oversold levels

Beginning-Bird9591

This would be the final nail in the coffin for btc IMO.

Little-Sizzle

AWS already using PQC in several services for costumers, including cloudfront. So I imagine internally they already using it. Also they have an incredible R&D and I bet they are aware. And since they already providing services with PQC it’s easy for companies to migrate, thus more easy then to bitcoin to be quantum resistant. That’s why I don’t agree when people say oh before breaking bitcoin, banks will fail. IMO banks and other companies will just migrate easily. Bitcoin in the other hand will have its challenges if it want to become quantum resistant. (And not to talk about how will be possible to secure the satoshi wallet.) I think there is a report (from cloudflare) saying that 50% of TLS connections for public websites use PQC already.

Optimal-Cycle630

Not at this part of the cycle. Downside risk for the next 12 months exceeds upside risk IMO.  Maybe wait until end of 2026 and revisit 

Friendly-Profit-8590

His job is to talk about stocks. He’s not always gonna be right. Not trying to defend him but that’s literally his job. To get on tv and talk about stocks. IMO he’s better at talking about macro trends than anything but he can’t fill up air time doing just that.

Unusual_Pirate_2727

I do not see a bear market, I see manipulation at its finest, Money printer in USA will turn on pump incoming. IMO

RandomJoe7

No, first of all, I don't buy the "hype super cycle" bullshit ever, and never said that. Second of all, I also never said "its going to zero". So, both of your statements are wrong. What I said: BTC is, IMO, going to 50-70k in the next year, because I think the bullrun is over and multi-year bear market is coming. Nothing about this is "senstational" in one way or the other, it's just a pretty calm and collected thought when looking at the chart.

Lonsmrdr

I've been holding for the last 7 years. BCH IMO is the #1 coin that matters. It's the Bitcoin that unlike BTC that actually works!

Antique-Worth323

Bitcoin was over sold which is why we just had a MASSIVE dump and it’s holding in price. This will be the norm from here on out, just like the stock market. Bitcoin will grow in value the closer we get to 21M The halvings are what will move the needle. It’s estimated that the last new bitcoin will be mined in the year 2140 IMO

funnyh0b0

Quote: The persistence of Bitcoin poses a challenge to established economic principles. “I’m hoping it will bust,” Fama said, “because if it doesn’t, you have to start all over with monetary theory.” Well no shit. If something new comes along then you have to rethink your design of a theory hence why its a theory not a law. Also this whole argument comes from a just "poke holes at a technology I don't fully understand" which is kinda lazy IMO.

cosmicselva

Every single cycle (at a certain period in time) alts outperform the entire market cycle for a couple reasons. And every single cycle (at a certain point in time) alts fall the hardest from the entire market cycle for a couple reasons. People touting a certain narrative are only extrapolating half the information to fit their sentiment and purposely leaving out the other half of the picture. It’s noise. IMO. Alts have a scenario in which they outperform, we’re just not there currently. And people are failing to consider the big picture, only looking at what’s happening right now. It’s not surprising they’re doing so, most people are poor communicators and don’t know how to consider nuance in their belief systems.

Dr_jitsu

When it hit 124k I said "I am going to buy at 115." Then at 115 I said "gonna buy at 110"...then 105 on down. Unfortunately, can't really afford to buy more. Now (84) IMO, is a great time to buy.

arBettor

"Most traders know that USDT wash trading has kept BTC price up for years. " Even if you had a survey of traders to substantiate this claim, that doesn't mean anything. Do traders have some special information that the rest of us don't have access to? Tether FUD gets trotted out periodically yet it remains completely theoretical and IMO is completely false. Yet you present it as fact here. First mistake. "ETFs other than MSTR are holding their prices." Huh? Are you talking about bitcoin ETFs? They're gotten crushed alongside the bitcoin price, exactly as expected and as designed. Also MSTR is not an ETF. You're grasping at straws here and making no sense.

Romanizer

Yeah, the good thing about Bitcoin is that it rises back to ATH faster than most alternatives. For that, volatility is acceptable. Fresh money pouring in shouldn't be a problem as there is endless liquidity outside of Bitcoin. I think we can be sure of reaching new highs more than before, so 2x in 3-4 years would be really dramatically low IMO.

GenghisKhanSpermShot

https://preview.redd.it/2ro25j3iam2g1.png?width=1350&format=png&auto=webp&s=1f78b9e6e69e38a81028372b18c87309badb4ca2 I made this so some of you can realize we lost a 12 year uptrend channel and this time is probably different. I have never seen so many people in my 12 years of being in Bitcoin say just hodl, it will all be fine, it always goes up. Blackrock openly hyping and institutions and countries getting in is the nail int he coffin IMO but only time will tell.

Shazvox

Right now I'd classify it as a nation independent store of value. Meaning if you live in a country where you can't trust your government or banks then Bitcoin is a way for you to secure your finances against your government. If you live in a more "sane" country it is still technically a global currency free from tampering meaning you can use it to buy/sell whatever you want without having to involve banks (provided the other party provides/accepts bitcoin). It has the *potential* of being **the** global currency of earth, but there's a long way there and plenty of actors that wants to prevent that from happening. The technology is sound, so IMO it's only a matter of willingness from governments and maturity in the form of applicatiins and supporting infrastructure. In my head, it's not a question of *if* it will happen, but *when*.

HesitantInvestor0

You are too absolutist with this assessment IMO. You also got a few things wrong. This decision doesn't effect all indices, just the MSCI Global Investable Market Indexes. None of the others like NASDAQ or whatever would be changed unless they adopt the same rules. Also this wouldn't change anything for pension funds, except again those under MSCI. I'd also say this is far from the only reason Bitcoin has been dropping. Look around for a second. There are plenty of reasons including rate cut decisions, job market weakness, broader markets weakening, AI drainage leading to risk off sentiment, illiquidity, people that believe in the 4 year cycle selling, new retail being shaken easily, end of year selling, low miner profitability. I think you're way too dramatic about this one thing, which again, is only partially correct.

jasperCrow

Ehh it’s not the worst. IMO we will very likely get a recovery bounce somewhere from 95k-100k in the next few weeks, you can sell then when suckers fomo in thinking the bull market is back on.

50sat

This isn't counter to your point, really but Bitcoin, or crypto in general, exists within a system of cycles. https://en.wikipedia.org/wiki/Benner_Cycle If you're not familiar with this it's mind blowing. Being that it's generally considered an asset of some sort it's affected by cyclic pressures. Since the main sentiment about it has shifted it's been a little more fluid (IMO) as it's sort of hopped between the cycles of other asset classes a couple of times. And of course it has it's own timeline (halvings) to weigh in. Everyone that likes the stuff has a favorite cycle but yeah, if enough people just got fed up BTC or any one crypto could go to nothing in a hurry. I think we're past the point where it all vanishes without major infrastructure failure, though. Some TA (token astrology) is fun now and then :)

Dry-Caterpillar9862

I agree, it was the most boring bullrun ever. ATH before halving, didn't even reach a 2x from ATH 4 years ago. But the future looks very bright for bitcoin. IMO, this is an opportunity, not cause for despair, unless you are overextended.

Beginning_Bread_4052

Only diversify if you’re gonna put in more money. If it's just 1k, put all your eggs in one basket, it's much more effective that way. BTC and ETH are good investments, but more inclined to lean on BTC, I'm not confident enough to recommend ETH for the long term. And don't bother with XRP. It's a gamble. It will either blow up unexpectedly or (more likely) dump. Basically, not a good investment IMO

meccaleccahimeccahi

Contrary to every other comment here, I actually agree, at least mostly, with you. IMO we’re near the bottom now (around 84-85k but could go down as low as 78k) and then I expect it to go up to at least 110k but hopefully more before the 2026 bear comes out to play.

sportspadawan13

Worst bull ever IMO. No reason to buy a volatile asset that gives you the same returns as nvidia.

sportspadawan13

Yeah we are headed to 60k IMO.

The_Brem

You're right, the top was 125. Every other take is wrong IMO though.

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