IMO

evilgrinz

Strike or River, several times per week IMO, Set it and forget it.

in4life

Yea, pay off debt unless you have a low-interest mortgage. That’s a guaranteed return and one that can wreck your life in the absence of the ability to pay it. I have conviction in BTC, too, and wouldn’t sell with taxes and everything, but buying BTC with bad debt is buying BTC prematurely IMO.

Beatless7

Trump broke the system. The system can not handle his debt load. Biden has done well economically, especially keeping the USD stable. Printing money can be inflationary but this is not the primary issue right now. Also, Lyn is a crypto head and likes to say stuff that supports crypto, IMO. I think her bias makes her inaccurate.

DChav5

IMO, River is the best to set up (automatic) DCA. Link below: https://apps.apple.com/app/id1536176542

emyfsh201

Well IMO, they are simply delaying it.

Double-LR

I hear you on the Doom and Gloom. I dont think you’re crazy. I do also see that there was at some point a balancing point where the “print money out of thin air” concept *could* have been held and the economy and growth and wages and COL and all the intricate parts of economy may have held together, maybe even indefinitely. IMO, that balancing point would not have been the most profitable point for individuals at the near-top of power and influence positions to be at though, therefore the scales were forcibly tipped to bring us to the max profit for the top situation we are in now. I think that I am unfortunately witnessing a problem in the economy that I have also been witnessing in my career for the last 26 years. The problem is that personal gains have been placed above everything else, and the long term effect of prioritizing in this manner means that all else gets degraded when faced off against personal gains, even validated long term certain failure will be handled as a “maybe” if it means achieving the personal gains NOW. When you get a whole country being ran in this manner, as we like to say around here… The printer go BRRRRRRRRRR. Reckless abandon, all in the name of those sweet NOW personal gains. At some point in fairly recent history in the US we stopped respecting morality, virtue, humility, compassion and respect for the long term viability of our country and started respecting only immediate and grossly magnified financial return on investment, whatever that investment may be. Oh how I wish the concept of Shareholder Primacy had been something else entirely. Long term damage concerns have been literally litigated out of existence in nearly every form of industry currently accessible by the US. I believe BTC will suffer the same fate. I am a maxi. But I’m not stupid or naive. It will work, *until it doesn’t.*

humblevladimirthegr8

To be clear, the Shamir shards are used only for backup. The single hardware wallet alone is sufficient for signing transactions. When you do backup, you would generally do so with a HW that supports Shamir (you could do it in software though that's arguably less secure). But yes if your threat model includes the hacking of a hardware wallet then you should use multisig (only makes sense for >$1m IMO)

ShittingOutPosts

The Efficient Market Hypothesis was enough for a Noble Prize. IMO, it takes a special kind of person to think they can outsmart/outperform the markets over long periods of time.

b1mm3rl1f3

Well you have fidelity predicting $1B per btc by 2038 strictly using the metcalfe’s law for projection. IMO most of us aren’t even close to being bullish enough and things could get silly real fast. I think we’re closer to hyperinflation than we think + lots of things happening in the background ie. first time in history a presidential candidate speaks at a btc conference

Sithaun_Meefase

August is when retail starts getting interest again, IMO. September is going to be fun.

mchrisoo7

If the majority is willing to buy/sell to a specific price, then it is the price. You can't value Bitcoin objectively as it corresponds with subjective values. No one is willing to sell their Bitcoins for $6k and nobody is willing to pay $600k for Bitcoin. Simple and boring but that is how it is... "If so, then how do u know how much of this price stems from real use of the coin and how much is speculation on the price?" You can't. Most of the people that are buying and holding Bitcoin currently are mainly speculating for an increase in value. Bitcoin is rarely used as money and with such a volatility and potential return it will never be used as money IMO.

Ogediah

There are plenty of privacy coins. Monero is probably the biggest and best known. Even without them though, the existence of a transaction doesn’t mean a whole lot, IMO.

Mr_Eckert

If you don't have >1BTC you have no business spending $700+ to attend the Bitcoin conference. Go to a local meet up for free if you want to connect with Bitcoiners, and spend the money you saved on sats IMO

EqualRain1779

IMO, Harris is more likely to act with conviction, one way or another.

c0horst

Not really. IMO 50-59 is the prime age to be a President. You have decades of experience, and still have the stamina to do the job. The youngest person I'd want to see as president is like... 45-50, minimum. I know 35 is the youngest allowable age, but I can't imagine a 35 year old with the experience required to handle the role.

TraditionalCourt3134

Agreed I pulled the female percentage directly from the survey. If you do a survey of hodlers only I think the gender ratio would be quite different. IMO this is one of those surveys that will be cited ad infinitum as fact regardless of the survey being highly suspect

skimminyjip

IMO there's more safety in having money and accumulating it. You can always buy shelter if you have it but investing unwisely steals it right out of your pocket. Unless I'm in an emergency the return rate on investing vs. paying off the mortgage is what I'll always be watching.

bigbadhonda

Trump isn't thinking about crypto at all. He said some stuff he was told would play well with libertarian types and that's as far as it went IMO.

absurdcriminality

Oh man, Zivoe already announced their mainnet launch for this month? Can't wait to see what kind of an impact this makes on defi and crypto in general. IMO RWA projects will unlock a ton of liquidity and bring more opportunity to crypto.

ChadInNameOnly

The ETF listing is already fully priced in. IMO we'll get a moderate rally over the next few weeks but nothing crazy

fverdeja

1. This is what I meant by interactivity. If the user if off-line for long enough, bye bye liquidity, you're getting your coins back, but you'll need to do another comitment transaction with the same or a different peer. 2. This puts us in a problem: if L2s don't commit any fees to the base chain, the security budget goes down, so it becomes easier to 51 % attack (doesn't mean that any of us will lose our coins, but say good bye to censorship resistance), if the plebs are the ones paying for miner fees, either they will have to pay what they consider unmanagable, considering that the minimum you'll be paying is a raw amount of 223 sats being that a native segwit tx at 1sat/vbyte, so that could be 2.33 $ fee in the future (we don't know that) or they will have to yet again, pivot to custodial solutions because private individuals and entities are paying a lot more that 1 sat/vbyte. I mean, yes, Lightning is cool and all, I love transacting on Lightning, but it's not THE solution for scaling Bitcoin, Ark seems more plausible IMO, since it does what Lightning does but better and it is also compatible with miner incentives. I really want to see Lighnting Channel Factories and non-interactive channels, tho.

el_rico_pavo_real

Someone said it best, IMO. Political preferences aside, any Bitcoin Treasury reserve strategy for the US is when BTC grows up.

Yogi_DMT

IMO it's just buzz. There are fundamental limits and tradeoffs at play here, LN doesn't solve anything it just shifts centralization away in favor of speed/fees. If you believe in Bitcoin because it's decentralized then LN is not for you. Also I feel like BTC is being seen more and more as an alternative to gold and not Visa. Personally I would never make a tx not on the BTC mainnet because I view BTC as my store of value and do not want to trust anyone with it.

_Dark93

Memes will be the big winners IMO. Many persons will stay focused on utility but still timely realize later this cycle that the big gains are in memes.

Defusion55

I mean when people say "supply shock" I don't think they literally mean no more BTC to buy. Past "supply shocks" were just when there was extreme demand and low supply which lead to rapid rise in price. I believe that can happen again under 1 of 2 conditions. Countries start to add BTC to their reserve balance sheets or powerhouse countries pass favorable tax laws such as single transactions under $200 USD are tax exempt etc. Either of those 2 things would cause a supply shock too 200k+ IMO. I don't think there is much else that would cause a supply shock like in the past.

Defusion55

IMO there won't be "a goal" if things play out the way we expect them to. BTC will have gone full circle by then and will be earned and spent no different than fiat, at which point people will just want to try and grow a cold storage savings no different than people try to grow a fiat savings account currently, no specific amount or I guess you could say the same as people say now "6 months worth" as an emergency fund. However perhaps it will be more than 10 years for that.

BigDeezerrr

I try to find different opinions and none have been persuasive. In terms of how Bitcoin is designed and its properties, I can find no flaws. I think the scalability question has largely been answered with layers 2s. Any bearish angle towards it is external. Governments coming together and attempting to outlaw it was the greatest threat IMO, and it seems the worm is turning there as well. Energy FUD has been thoroughly debunked and you don't even see it discussed much anymore. I think volatility and technical hurdles for a proportion of the population might slow adoption, but those are quite minor.

Tweldorian

Just like China encourages its citizen to buy gold - their reserve asset - if Trump makes Bitcoin a US reserve, I can see him encouraging Americans to buy and hold Bitcoin, as well. China and other countries will be forced to do the same, Game Theory, IMO. In this case, Trump will kick off global adoption, and the price will exit the solar system. But hey, maybe I'm being too pessimistic. BTW, I'm not American, but FJB and Warren and their anti-crypto administration.

Diamond_Brains

the other question on investing, if you can't earn bitcoin or mine it than yes you exchange monetary units (dollars) on an exchange like Coinbase or swanbitcoin or the bitcoin well , do research, IMO it doesn't matter where you get the bitcoin, just take self custody and HODL and "lose it in a boating accident", there are ways to obscure the bitcoin and your going to have to use it in the future when were on a bitcoin standard so it doesn't really matter if people know you have bitcoin, but you can hide how much you have.

Diamond_Brains

So your misunderstanding what people are telling you when they say its been answered and you can find it, you are going to have more questions and there are people who already given great answers instead of wasting everyones time because your new and want people to just tell you rather than use your intellectual curiosity and go do some research. Bitcoin is a journey you have to go through yourself and learn as much as you can because if you don't understand bitcoin your just going to lose it either through improper opsec, or you couldn't HODL against the volatility. Your here because you want to make money, im here for the revolution. to answer your question there are multiple wallets and each is pro/cons, but the "hardest/most secure" IMO is ColdCard.

bynarie

This is one of the flaws of bitcoin, IMO. No privacy.. But, it's still brilliant. If you're looking for privacy, check out monero (xmr).

RX8_MMA_420

How long do you plan on investing in BTC for? If you are from the US, use Coinbase or Kraken. Don't buy at this price IMO, you'll be buying a peak and it will most likely get at least to the low 60s before it breaks ATH. Watch the price with a widget on your phone home screen and set a buy order once you are comfortable with a price.

IcArUs362

So I'm assuming you're using MM or something similar? Before they drained it, at ANY time did you get a tx or signature request pop up for your wallet? And you're sure you never provided seed or pvt key? I'm assuming--from this small amount of info--that their app or whatever sent you a tx request to sign & you signed it assuming it was legit or something just to affirm you intended to connect to their app or whatever, but correct me if I'm wrong. I can tell you from PERSONAL experience that the 3 or so big names in crypto recovery are legit, have reasonable fees, and will sincerely try their best to get your shit back. However, the majority of them tend to focus more on situations like having lost your keys or whatever, not having your wallet drained, so they may not be able to help you with this situation. I'm sorry that happened bro. It's always painful to hear & even more painful to go through. I know you don't wanna hear this, but it's true--you will come out better for having learned from this. If you move forward & continue in the space, a hardware wallet is okay BUT it's only as good as you are with security.... You can still have your shit drained from a HW wallet if you make mistakes or get sloppy. IMO the best tactic would be to instead just be annoyingly careful with your actions (i.e. keep funds split into multiple wallets, make new wallets for all new connections & only add enough $ into that connected wallet that you need, etc). A software wallet with ultra-secure practices can be just as safe as a HW wallet with sloppy practices. __In other words, all I'm saying is just getting a HW wallet isn't a cure all / magic bullet.__ Stay safe & good luck bro!! Sending love.

newmes

As soon as I had an amount significant to me (1.0 BTC approx). If you care about the amount you have and would be upset to lose it, then it's time to spend  ~$150 on a hardware wallet IMO. 

mbdtf95

Tokens being burnt is usually a good thing of course because they're being put into a dead unreachable address, therefore circulating supply of token goes down, and theoretically worth of one coin should be higher, at least if market cap keeps following the same price. As for this 13k being burned, it's not really such a big deal IMO considering it is a token with a supply of more than 80 million IIRC, but if burns are consistent and you can burn few percent of total supply in a year let's say, that obviously would be good for coins to be deflationary instead of inflationary (supply going up)

godofleet

For sure. IMO people are unfortunately programmed by shitty fiat system(s) into thinking they can (and should) get rich quick and/or gamble on XYZ... despite their health/happiness. But in time people are going to realize the incredible savings power sound money gives them.

flsurf7

Metaverse hype will likely repeat following the next BTC->Alt Coin -> metaverse bull run. BTC is in a bullish market over the longer term, but I don't think weve seen that mind blowing bull run which were all use to. I'll bet the metaverse topic will be brought back up again. I personally have been involved in the Upland Metaverse and have seen some progress, as well as with other projects, but I don't thinks it's as big of a market that marketers may make it out to be... Most metaverses are being coded from scratch, because they're all "new" territory. It's all software based, and from what I've seen so far, it's going to take a long time to scale everything. IMO, metaverses aren't ready for millions of people... They're just not that fun, or entertaining, and often buggy. I'm glad there's a lull between hype cycles so that the development can catch up to the potential next bull run. We'll just wait and see if that happens.

nothing2Cmovealong1

These are all great questions. I am not a lawyer, so please feel free to confirm this information. I have only gone through this process a couple of times, myself and with family members. When you are deceased the Will becomes a record of the court, which is public information. Creating the trust is done by an estate lawyer and the trust creator. Original documents (legally notarized) are held by the lawyer, the trust creator and whomever the creator designates. The Trust will have a an executor(s) who will be responsible for your managing and closing the estate upon death. The executor will ensure the wishes in the Trust are performed and will close the estate upon completion. The wishes expressed in the Trust are not publicly disclosed and remain private. The executor will use the Will, Trust, Power of Attorney granted by the will / trust to act on behalf of the estate to access bank accounts, real estate, etc, etc, etc. until the estate is closed. The Trust has the required 'witnesses' upon creation, once notarized no additional witness are required for the Trust - it is then a legal document. Hope this helps.. If you are seriously considering one, it is well worth the effort to create it. IMO every person should have one to reduce the burden of death on all the survivors.

absurdcriminality

It was clear from the beginning IMO but not to everyone apparently. Dealing with finance in an unregulated environment is just crazy.

SnooMemesjellies7657

IMO we need to get away from the “BTC is a currency” trope. It’s not a currency and arguing that it is will only hurt its value proposition. The network cannot possibly handle the number of global transaction we see on a day to day basis. Using it as a global currency would simply never work

LoriLeadfoot

The world economy has run on a scarce commodity as money in the past. IMO it would require a fundamental shift in political attitudes in order to survive. Bitcoin would likely fall largely under the ownership of central banks, which would steadily buy Bitcoin and issue paper money redeemable for it. The reason for that, and not just direct use of Bitcoin by everyone, would be so that they could control the money supply. Hard money has deflationary and inflationary cycles as part of its nature: if your country has a balance of payments deficit, money flows out and causes domestic deflation. If your country maintains a balance of payments surplus, money flows in and the domestic economy experiences inflation. Central banks, once they have built up reserves of the monetary backing commodity, can adjust interest rates and engage in open market buying and selling of bonds to tighten or loosen the money supply. You may think of this as a means of helping with unemployment and inflation, but it’s really a way to protect the soundness of the money. The original purpose of central banks was to defend the gold standard, and they had no other mandates like taming inflation or managing unemployment. I think that like gold, this system will inevitably collapse, as sound money and democracy mix very poorly. The gold standard hummed along perfectly well until WWI. But it wasn’t the loose spending of the war years that killed it, it was the rapid expansion of the franchise in response to increasing labor power. Workers became more scarce, their unions became strong and politically active, and they began to make demands that ran counter to the supremacy of the gold standard. In particular, they introduced new demands for government spending that states found extremely difficult to pay for through taxation (as tax schemes were still primitive), and they demanded that central banks control interest rates to minimize unemployment, even at the expense of the gold standard. That last part was what killed the gold standard. To protect it, central banks would traditionally plunge the nation into excruciating unemployment by driving up interest rates. Now they could no longer do that. So I think it wouldn’t last long. Most societies are and always have been used to pretty loose money, and the gold standard was a relatively short-lived experiment in hard money.

ufrfrathotg

True, but it **could** also become the defacto meme coin of base, given it's a CTO with a decent distribution of holders. Not worth fading IMO

Amazing-Repeat2852

Yet— he is courting Jamie Dimond as for his cabinet (said it in his recent Bloomberg interview). Jamie is hardcore TradFi and anti-crypto. At the end of the day- this is another empty promise by Trump. IMO- this pro-crypto narrative is largely driven by the VCs since Trump has really cozied up to them for big $$ donations. Ya know— those big boys that mess with the market and dump on the retail investors constantly! Some of the Trump family have money in a few of the investments funds (Electric Capital, etc.). Interesting that they don’t have to disclose though. 🤔 Bought some influencers and bot farms to blast the message. It’s crazy to watch since I figured that the crypto community was savvy enough to see through it. At least Vitalik is calling it out….. https://vitalik.eth.limo/general/2024/07/17/procrypto.html

Dividingblades

If Bitcoin would become a global standard currency, then demand would sky rocket. Most of the money and Asset valuation would flow into Bitcoin. Printing Fiat would not be a possibility anymore as these changes would reflect on the Bitcoin price. Governments would not be able to provide the services that they previously did and our society would start to crumble. That is why we need a gradual transition to Bitcoin over time! A quick transition would be extremely problematic! IMO

knightysays

Comment 2/2 FUNDAMENTAL ANALYSIS: What's important to understand straight away regarding Tracelabs (parent company to subsidiary, Origintrail), is this was initially a food traceability project created while the founders were in university. It was developed as a kind of anti-trust/reassurance product that evolved into a supply chain management tool to provide consumers, and other companies, an ability to verify the origin, quality, compliance and procedural standards of a supply chain. Origintrail has evolved significantly since. Regarding revenue, their main product/service isn't actually AI - it's data, and the diverse revenue offerings that comes with it - data streams, data aggregation and processing, supply chain and logistics efficiencies, real time asset monitoring, real time asset verification/modification, consumer reassurance tools, industry standards & compliance solutions, financial models, data silo efficiencies, decentralized data marketplace (own/buy/sell datasets)... ...Basically, value from/monetization of data by any means possible. It also generates revenue from the publishing of assets on the DKG, but I'll elaborate further down below. Monetization within OT's eco system takes the form of "TRAC" token. TRAC is the economic currency token and is also, categorically, a utility token - meaning OT's entire ecosystem is dependant upon its versatile functionality, catering to payment/node incentives/network dispute mechanism/staking/governance (voting)/QA incentive and more). There is a second affiliated currency known as neuro (also developed by Tracelabs). This token however, is for AI functionality within the DKG. I'll elaborate: It's important to know, the DKG itself is inherently not an AI/LLM. The AI component comes from Neuro. Neuro itself is also not an LLM. Instead, Neuro is an AI component within OT's ecosystem that leverages various AI, ML and NLP models/techniques to provide advanced data processing, analysis and prediction, sentiment and anomaly detection, data classifications and natural language functionalities. Neuro is also capable of integrating any LLM (via APIs) only to enhance the functionality of the DKG and functionalities. The AI component utilises a method called dRAG, very similar to Meta's RAG in their AI model. The DKG itself is essentially just an advanced p2p graph database anchored to the blockchain, utilising distributed storage (each node on the network holds a portion of the data, contributing to a collective decentralized storage system). Data is secured via zero knowledge encryption, and can be further secured depending on preferred privacy settings and can even run/store data native on individual devices, nodes installed/running on. Companies/individuals either run their own nodes for full control over data security (securing sensitive/private information from the readily accessible), or can operate on publically available nodes, hosted by node runners. Data is uploaded to nodes as knowledge assets, owned by the key addresses used to upload data. Tracelabs/Origintrail offer a variety of services and SaaS solutions privately to prospective clients, to maximise their data intake/out-take/retention etc. An example of OT systems functioning is Perutnina Ptuj, a leading poultry manufacturer in Southeastern Europe. PP installed Kakaxi IoT devices to gather sensor information and images from one of their farms. Datasets included: Sensor Data, Geo Data, Traceability Data, Certificate Data, Production Data, Master Data, Transportation Data, Raw Data and more. By purchasing this data, retailers that sold Perutnina’s products under their private labels coulf reassure their consumers, stakeholders and authorities of compliance, high animal welfare standards and internally utilise the supply chain data to improve their own economical models. Users upload data, manually or autonomously, using the knowledge base for a small TRAC fee per knowledge assets published, use it to train their AI models, internal management, SOP's, sell it to consumers and the utilisation of semantic web 3 creates value from previously siloed data. Knowledge asset owners set rules pertaining to the asset, or grouping of assets (known as paranets). Rules including asset discoverability, permissions, licencing terms such as ownership, licencing/usage costs, node/validator reward payouts, usage restrictions etc. Essentially, the knowledge base has now replaced the previous data marketplaces that users bought and sold data on. Why blockchain? OT simply utilises blockchain as an immutable ledger for trustless data integrity, standardized encryption, scalability, interoperability between RWA's, web2 and web3, decentralized data marketplace and global node network (secure permissionless network, data discovery, asset connectivity/verifiability) etc, but again, primarily value is derived from countering anti-trust issues through a transparent and accessible blockchain (ledger) and mitigating data/information silos. Also, to answer an earlier concern, I believe there is feasibility also in decentralization. IMO, it eliminates the need for central/regulatory authorities that would otherwise present themselves as intermediaries or data aggregators - particularly within public sectors (health/infrastructure/education etc), minimising possible overheads and downtime. Tracelabs is able to offer custom services via private servers, but primary value proposition to clients is value from data integrity via blockchain (consumer, regulatory and public trust through blockchain transparency and immutability), value from semantic web3 capability efficiencies (SOP efficiencies), value from compliance/QA/risk mitigation efficiencies (SOP efficiencies), monetization of datasets and account settlement expedition. Closing thoughts as an investor: Personally, I see RWA use case clear as day with this one. I would like network to be more secure than what it currently is, but that also comes with adoption. Stellar base of partnerships and clients, and for years have had a functional, revenue generating product put to market. From a R:R perspective, what also makes this project speculatively valuable as an investment is you have two mutually exclusive markets within tech going parabolic at the same time, while market is trying to find confluence between them - a bull (AI) cycle within a bull (AI). The main factor driving the bubble is simply companies and investors trying to find confluence. If market adoption takes place and market finds it feasible, this will be immensely valuable. It is currently WELL underpriced, mostly due to lack of visibility. They rarely spend on any marketing, no DEX/CEX paid listings, no BS games or gimmicks in the telegrams or socials, just work.

SteveW928

IMO, the most simple solution would be a single-sig wallet (setup via hardware... but the hardware can be a seed-signer type device/mode, like Jade... air-gapped, no dependence on the hardware), additionally secured with a passphrase (which is part of Bitcoin spec). Then, store the seed phrase and passphrase separately. The passphrase could even be in a password wallet, or physical. A thief (unless targeted) probably wouldn't find both and put them together, and each are useless by themselves. It is pretty strong security, too, w/o the complexities of multi-sig or using a service. BUT, you'll have to be sure family members understand and remember this! It isn't all that complicated, but if they can't it is gone. Any kind of formal documentation needs to be weighed against security risks. For that amount, you should probably also (as many suggest) look into services/multi-sig solutions. Just be sure you understand the complexities involved and how that solution can fail, especially over longer time periods if not setup/backed-up correctly.

DBRiMatt

With all the new RCA's being generated, probably would have been overkill to keep updating the expressions. The expressions themselves weren't that great a feature really IMO.

slvbtc

Tony Gallipi is the founder of bitpay and is the first person to appear on this trailer. IMO he doesnt deserve to be in a documentary talking about bitcoin providing sovereignty and freedom. When you go to pay someone using bitcoin you expect to just be able to scan their QR code and pay. But if the merchant chooses to use bitpay then the person paying is forced to create a bitpay account before they can scan the QR code and pay. This goes against the ethos of bitcoin entirely. So many times i have gone to pay with bitcoin but before I can pay a bitpay wall pops up asking me to create an account with them before I can pay, so I do not buy that product because I refuse to have to create a centralised account with a centralised company just to be able to use my bitcoin. Bitpay is anti soverignty, anti permissionless and anti freedom. Bitpay want to centralise and control the world of bitcoin payments using their gateway. Bitpay on the whole is terrible for bitcoin because merchants think they are accepting bitcoin but no one will use bitpay to pay them so the merchants think there is no demand for accepting bitcoin so they stop accepting it. Anyone associated with bitpay doesnt deserve to be on a documentary talking about bitcoins properties of sovereignty and freedom.

mbdtf95

Just to add further on my rant this sub is really good about some things, like calling out on obvious scams etc..., but it also gatekeeps too much. Also, for such a highly subscribed (a lot are Reddit bots of course to make it look like their site is more active than it is) forum about crypto, userbase is just generally not diverse enough and is def a bit too circlejerky with too big of a bias on many old, almost dead-at-this-point projects which IMO is one of the main reasons it lacks more activity and doesn't attract more diverse crypto users.

serious_beach_monk

Well.. you say that... but he's talking about it being digital gold.. sounds very much like Michael Saylor, Cathie Woods, you know.. these top advocates and their specific narrative. He's not really talking about peer-to-peer and legitimate use cases that will eventually be the reason why it sees mass adoption (IMO).

ThunderEagle22

IMO Thats a positive. The more Politicians stay out of crypto, the better.

josef3110

IMO everyone that fight against verifiable IDs on messenger systems wants to ran scams or spread lies.

tzkek

The blockchain network + DeFi space is incredibly crowded. A lot of attention is given to TPS, finality, block-size, tx costs etc. but in-reality, average end users care more about accessibility than anything else. Setting up a wallet, storing a seed key or transferring tokens to the correct address are tasks far beyond the technical capabilities of many. Whichever blockchain network(s) first provide true ease of use are the networks that stand the best chance of mass adoption IMO. My questions are therefore: does the team agree that accessibility is of key importance? And, two, what is Glue doing to improve accessibility while remaining secure?

TrollsForGiggles

IMO crypto is not crypto if someone can be in charge of it

No-Mission-3100

You’re on the correct path. When you reach a number you’re not comfortable losing (loose rule these days is approx 1%). Get a hardware wallet. Keep track of all your purchases and what price BTC is at when you made those purchases for future tax use. Don’t try to get fancy with it/game the system. Your $25 a week DCA strategy is a great start to this. In the past, during face melting bull runs, I’ve reigned in my buying and began again once the price starts dipping. But these days that’s a tough call, IMO there’s no telling what the floor will be after this run so may as well keep tossing in the $25, it will likely all be easily in the green someday in the not-so-distant future, even with a dip. Welcome to the team, enjoy, and best of luck!

Extreme_Nectarine_29

There aren't many football fans that also love crypto. It's a big market oportunity IMO, specifically with how big betting market is

virus5877

I fucking hope so. The democratization of money is one of Bitcoin's top features IMO.

mdnz

If someone can retire at age 35 by selling they did pretty alright IMO.

ulptthrowaway2016

There's still another leg down to low 50s IMO

ScientificBeastMode

“Oversold” is a silly concept. The price action will tell you if the sellers are present at various levels. They were barely present below 54K, and it looks as if the only reason we even went down there was due to a liquidation of leveraged long positions. IMO it’s just supply and demand. Once the sellers stop selling as aggressively and the buyers start buying more aggressively, you will see it on the chart, and you trade into that strength. Once you see that trend reversing, reevaluate and look for the next committed move of the market, and trade with that. Simple as that.

BioRobotTch

Yeah. I read a paper recently where they showed some of the quantum attacks suggested against sha-256 are invalid. That part of the signature mechnism seems to gets stronger over time. The encrpyting with private key part is where the uncertainty is. That should be the focus of research efforts IMO. There was a paper a month or so ago which claimed to have found flaws in the lattice approach but thankfully it was found to be flawed. I reckon the end-game of this will be a lattice approach.

ProfitableCheetah

The sure have been proactive with crypto and were probably the first region with clear regulation but the Emirates and many others are right behind IMO.

Deaquire88

IMO, it's ranging. It hit the bottom of he range (went slightly lower tbf) and is now recovering. At a guess it'll push the 67-70k areas again. Then who knows, if that aligns with Q3 maybe we can see new highs.

ulptthrowaway2016

Famous last words. There's another leg down IMO, but I don't think we go below 50k now

ElPeroTonteria

Sentiment on reddit is a great indicator to retail traders mindset... Retail traders lose money. Retail is "dumb money". Inverse retail. What changed? Nothing... Just retail traders yelling at the red or green candles. IMO, BTC has been looking bullish since March 2023. Just lots of people seem to think a 15-20% dip is the end of the cycle and were all going to zero.

ulptthrowaway2016

There is another leg down still IMO, but I'm now sure the cycle isn't over

LuKeNuKuM

I've just been reading through the comments and your replies. Here's my thoughts for you. Right now you should definitely do more research, if you buy in and it drops you'll just be pissed off. If it goes up you'll sell and then it might go up some more and you'll be pissed off. If you know what it is you'll be more comfortable buying and likely holding it for a longer period. If you just want to try to make quick money then that's cool but it's little more than gambling. I appreciate you've done 5 or 6 hours but it's not enough. Bitcoin is many things to many people. It's got different uses but to many it's become a 'store of value', like gold. Remember you can't walk into a shop with some gold and buy things you need to convert the gold to cash which is widely accepted as the trading system is build around it. That's all good but what happens if you live in a country where the government think printing money will solve the people's problems? You're not going to want to save your wealth in that currency because in a decade, a year, a month, a week?! the currency will be worth less as there's more of it around. So you'd look for other places to store it, perhaps in precious metals or real estate. These stores of value have drawbacks. Securing physical things is tough so you've got to be prepared to administer and defend all that on a personal level. In richer nations there are facilities to enable your security of those items, but that comes at a cost. You can pay someone to look after your gold but do you really trust them to do that? I presume you pay fees for your stocks and shares investments and you trust that the people managing the businesses you're invested in are doing a grand job and will continue to do so? There's a lot of trust and expense needed for it all to work. The inflation rate of gold is about 1.6% a year and has been for many years. If gold goes up in price, more is produced until the price drops and production eases off again. Simple economics. Bitcoin is similar to gold but crucially it's disinflationary which means it's still inflating but the inflation rate is falling as time goes on, the process will finish around the year 2140 - at that point inflation ceases completely, all 21 million will have been mined and no more will ever exist. Bitcoin is the only asset that's 100% limited. If someone offers you something that's highly desirable, can't be inflated, needs no trust at any point, costs nothing to manage, needs no maintenance, can be split into smaller portions, can be sent very fast anywhere in the world and that you can secure with nothing more than a bunch of words... You'd likely think that sounds like someting you want a piece of. Your thoughts around it being a 'safe haven' are valid, but this is a long term view (which is the right one to have IMO). In the shorter term the price is volatile because the bulk of units are still in the hands of the relative few. One large sale or purhase can bring about a considerable swing in the price. Over time this should level out as the coins get more distributed; everyone has their price and over decades the wealth will shift around. It might shift from a store of a value to a currency as time goes on but that's a whole different conversation. Lots of people are spending it using something called the 'Lightning network', this is a fast and extremely cheap way to move value around. For example I pay my young son to pick up apples off the lawn in sats! To my mind it's primarily a store of value at the moment and that's why the DCA and HODL mentality is so strong. People are converting their inflating currency and storing the value in bitcoin. They're stomaching the rollercoaster because they believe in the long term this will be the unit of account for all value on the planet. Perhaps one day we won't value bitcoin against legacy currencies. 1 BTC will always equal 1 BTC.

bigbarryb

Follow Peter Schiff. Maybe also follow Talib Naseem. These guys will never stop predicting 0 IMO. They are too butthurt.

BilloTBaggins

Premature IMO

fresheneesz

> Banks wouldn't be stuck with a certain amount of reserves or currency, necessarily. Reserves could be added The problem with this is that you're no longer holding bitcoin. You're holding an inflationary currency. Market prices naturally decrease over time as innovation, innovation, and creative destruction push costs down for a given level of quality. In order to make prices maximally stable, you need to inflate the currency at approximately the rate of economic growth. For reference, monetary inflation of the dollar has been at about twice the rate of economic growth (until 2008 when it shot up). So theoretically, a non-inflating currency would, on average, have a rate of change in prices no faster than what the US experienced for most of the 1900s (just in the downward direction instead of upward). This might imply that maximally stable prices shouldn't be the goal, and instead the goal should be targetting the rate of economic growth. This would mean that, while people wouldn't get the benefit of appreciation of the growth of bitcoin's network, they would at least get the benefit of bitcoin's low/non-inflationary nature. Theoretically, the need to do any kind of active targetting would decrease over time and eventually become unnecessary as bitcoin itself becomes less volatile. > credit could be expanded Expanding credit, as the current financial system does, is a very harmful practice IMO. When banks lend money out, they create that money, which devalues the rest of the money in the system - basically stealing wealth from everyone who holds that currency or contracts on the basis of it. The concept of "creating credit" when there's a demand for it goes against all rationality. To a non-economist, one might think of it like creating more shoes when demand goes up. But money is not shoes. Creating more shoes doesn't make other people's shoes worse, but creating money (of a particular currency) does make everyone else's money (of that currency) worse. That externality causes deadweight losses in the economy. Now, I would argue that fractional reserve banking is different, and not in fact what our banks currently practice. I'd call what they currently do "deposit creation banking" since it really has nothing to do with reserves at all. Actual fractional reserve banking, where banks lend out existing deposits instead of creating new deposits for a loan, doesn't have this problem (mostly). This is because, even tho there is a "money multiplier" where the amount of on-paper deposits can be multiples of the true deposits, for any given dollar multiplied this way, only $1 of it can be circulating at any given moment. So in a system of bitcoin backed currency notes, it would be very important to ensure that banks actually have those reserves at all times, and notes aren't being created from thin air via deposit-creation banking. Otherwise you might just find your purchasing power evaporating just like fiat. I would personally find it very difficult to trust a bank that had a floofy variable-supply bitcoin-related derivative product used as a currency rather than using a note directly backed by bitcoin 1-to-1. > new developments in economics and finance of the kind that only arise in competitive environments Gotcha. Yeah, it does seem like there will probably need to be some period of time where more people want to use bitcoin than can be supported on chain or with lightning. The solution may have to be custodial to some degree. Federated Chaumian mints seem like a good solution there, since the custodial aspect of it is decentralized. But at some point, someone is going to create a big successful unproven-reserves IOU-bitcoin currency, and I just hope that isn't treated the same as actual bitcoin.

Similar_Scar7089

Yeah, i don't secure it as much as I would a seedphrase. An online password manager or whatever is fine IMO. Write it down, tell trusted people etc

Whiskeywonder

If tether can be frozen then it really isn’t a cryptocurrency. IMO.

YOUNG-ARDS-SURVIVOR

Right I swear most of the left can’t control their emotions which makes sense since the ads/propaganda for the left are usually targeted towards one’s emotions especially people who don’t actually look into things and look at the entire big picture IMO. Most of them can’t even have a simple disagreement without being hatful and acting crazy. Hell most of them can’t have a civil discussion about beliefs without yapping about nonsense and becoming hostile.

JustinPooDough

I'm not certain they can take the assets if they are in custody for people from other countries (ie. Canada). Their own American Citizens - sure they can. But yes, Coinbase is a massive point of failure that people glaze over. Doesn't matter if you hold your own coins if the price tanks irreparably and everyone loses confidence for good. It's a real risk IMO and the remaining decentralized network nodes and wallets don't make it better. This is also why if you go the ETF route, you should use different custodians for parts of your investment. Fidelity - for example - custodies their own coins.

JustHalfANoob

ADA and XRP have been pumping before this happened. It has nothing to do with it IMO

moonst1

If everyone got scammed or ran into problems, they wouldn't exist anymore. An annectodal experience of one user is meaningless. However, there are so many complaints and criticism about Kucoin on their sub, other crypto related forums, and crypto websites that I decided to close my account. Too risky IMO. Anyway, good luck.

Kindly_Assistance604

The question is if you did trade, what would you buy with that money? If the "new" investment is better than bitcoin, they you trade. IMO, there is nothing better than Bitcoin to invest in today.

WarmMillerLite4-2

Nobody knows for sure, but IMO (this is strictly based on my own perspective of the psychology. Not financial advice.) there are 2 ways we can go from here. If it drops significantly then there’s minimal new adoption, if any, and in time Bitcoin and crypto could become relatively flat. The alternative I see is that the cycles become larger as they have in the past and we accumulate a slightly larger community within each actual dip (not the “little” 15-30% dips) and also by appealing to different markets. I am an optimist and a bull in the long term. I’ve noticed that even financial advisors have increased their recommendations over the years from “no I don’t suggest you hold any crypto” to “maybe hold 1-2% crypto” and now it seems the average is up to 10% holding recommendations just from what I’ve heard. The full truth is if you want more of a guarantee on buying a home in your time frame you will need to assess your personal situation even if it’s just in trial and error and, if need be, be willing to work after you get out of work from a full time job. Take on gig work or whatever it may be. Bitcoin, crypto, investing in general, and day trading are not everyone’s niche. I always suggest starting either an excel file or notebook for people to track where they gain the most when they have goals and then reassessing from there. Be willing to entertain additional options along the way and make shifts as needed to succeed in your goal. 10 years is a very long time to figure it out so if you have the drive you can make it happen regardless👍

dirdirsaliba

IMO, no dca needed. I would do. 70% btc, 20% eth, 10% sol straight into the market

avance70

IMO it's better just to buy bitcoin, but depending on your investment, check out what are your chances e.g. here: https://solochance.com/

josef3110

IMO, the price was more driven by the fear that it will have an impact, rather than the selling itself.

themapwench

lol dypto spot crom Yep their legit misinformation, Its coming from inside the house...congress, senate, etc... BUT We don't have to pick from same 2 clowns again this time... another bipartisan manufactured consensus r f k Not a wasted vote, we only have to split the vote in both parties, and we all win. Check his crypto interview, or any subject for that matter... straight up most qualified AND lets dogs sleep on the bed. Just the latter might be all I need to know, considering our options. About time for us to think independently IMO, they hate that shit.

themapwench

gets it... I think blockchain being used as a broad term, like smart contract/NFT style embedded digital attributes as watermark. There are still a lot of people, perhaps not directly affected, that don't realize creative AI is basically built (learned) on plagiarism and "creative" results are just the tweaking thereof, IMO.

Abundance144

I own Bitcoin and microstrategy and Bitcoin ETFs. Totally diversified IMO.

Mattie_Kadlec

IMO crypto is more alive than ever. It’s just the online chatter that has died down a bit. It’s hard to get people excited when everyone is invested in altcoins and none of them are doing well lol

tnel77

While I agree for someone hoping to retire in the next couple years, I feel the risk with Bitcoin is next to zero for people looking to retire in 1-3 decades. Bitcoin is, IMO, a no-brainer.

Cptn_BenjaminWillard

6 million too many users, IMO.

GrixM

I would like to remind everyone that Germany transferring coins does NOT mean that they have sold those coins. Many people are saying they have already sold so many coins, celebrating the lack of dumps after selling thousands of coins, etc. Sorry to break it to you but it's possible, and IMO even likely, that the reason the price hasn't dropped in the last few days is that Germany *hasn't* actually sold a lot of coins yet, at least not in a way that has made it to the public market yet. They could have merely transferred it to their accounts on the exchanges and liquidity providers without initiating any trades. Or in the case of liquidity providers/OTC markets, which they transferred the majority of coins to, even if they have initiated trades with them, the way those services work is that it can take some time for the effects to spread throughout the market until it affects the public price.

jawni

>Yeah people keep trying to come back to that as if it’s enough to be labeled the crypto president. Because it literally is, even this amount of support is unprecedented. I honestly think if he had said "I'm ambivalent to crypto" you could even call him the crypto president, seeing as that would be a step up still. >Like how do I know he’s not going to just come out and push his own JDT coin to replace the CBDC as soon as he gets elected and calls it America first? Seems unlikely to say the least, but if we're just posing unrealistic hypotheticals than how do we know Biden doesn't outlaw crypto if reelected? Or more realistically, just launch a CBDC? >The more fluff he pushes the more sus this whole thing is. What is and isn't fluff? He met with tons of high up people in the BTC/BTC mining industry and talked with them, is that fluff? Is officially adding it to the platform fluff? I mean, he can't do anything until he gets into office, so it seems like everyone will just keep dismissing the fire until you can't see through the smoke. >If he genuinely cares or understands it would be extremely easy for him to say what policies he supports. First off, he doesn't really need to, everything besides the push to tie him to Project 2025 is going his way(and even that seems like a desperation move IMO) and his opposition is not friendly at all towards crypto. If Biden warmed to crypto than that might force his hand, but it's an absurdly low bar for Trump to clear. Secondly, it's pretty early for that, pro-crypto Trump hasn't been around for a while, crypto wasn't even mentioned in the debates either. Maybe he goes into more specifics at the conference. When it gets to the Fall, then you should be upset that he doesn't have more specifics in place.

Over-Quarter7110

Thatd be a disastrous move IMO. Hopefully they wake up and realize labeling millions of people as something like that is a losing strategy. Bitcoin should align with democratic party ideas of equality and protecting the little guy from corporate bailouts and fiat debasement.

cyger

The article states the facility is 'exceeding legal noise ordinances' which is very bad IMO. I'm all for mining but do it right!

daners101

BTC has a long way to go yet. There’s $6T sitting in money markets. Owned by investors and money managers that wanted a safe 5% the last 2 years. All of them missed out on 50% gains in the S&P / Nasdaq. Once BTC starts rolling, guess where a lot of that money will end up? IMO

emyfsh201

Agreed 💯 he understands little to nothing about crypto but he obviously has some stash and had made some profits off of it but you can't say so about our dear uncle Joe so IMO, it's a case of choosing between two necessary bad options. In reality, Biden govt hasn't done any thing Worthy of commendation for crypto aside the ETF approvals and the biased aggressive approach of Mr Genslar's SEC towards crypto, while Trump in his time said Bitcoin is a scam but turned around after seeing that there's money to be made in crypto. It's rather unfortunate that crypto has been turned into a tool to score a political point.

Accomplished_Bird166

Exactly, only critique is that it might be sooner than 50 years IMO.

apstl88

Me too. And if you take a closer look to the communities you will find the same sentiment. Ocean Protocol, Fetch and Singularity are completely into this. IMO they will create a beast.

Denny_1967

This will go higher than Flappy and Draggy IMO

throwaway92715

I think she's talking about time since the last cycle. But 144k is not actually a bad estimate IMO based on past peak to trough ratios and an estimated pattern of diminishing returns.

shaggadally

First of all I would think the possibility is decently high and second, even if the possibility is very low, it's still a lot of risk IMO. I won't try borrowing against my btc again until something more official than exchanges like Celsius, Nexus etc comes along.

Clever-Trevor-

I think it might hover but not go below 50 IMO

rayfin

I would just lump sum brother. A loan to DCA isn't smart IMO. A loan to lump sum is smart. Did that in 2022. Winning.