OP

Laziestest

Still no concrete answer on "what service is this" by OP. This post seems more for karma farming or for research than anything else.

AFriend827

Not agreeing with the OP at all, just saying this because I see comments like this a lot. It seems anything well-written or standard essay-style writing is attributed to ChatGPT and it’s crazy.  1. Is the assumption that people are now illiterate without AI?  2. If someone does indeed use AI to help organize their own thoughts and points in a concise manner, are we saying it wrote it for them or it aided in their writing?  If I am at my computer, I tend to write everything myself. If I’m on my phone, I tend to write freely and then prompt ChatGPT to help me format my short notes and basically act as a more dynamic Grammarly.  I guess I don’t see what’s wrong with that if the points and argument are still the authors. 

skydiver19

Amazing idea, if OP doesn't need a car to travel to work to earn a living. Moron!

OldNScared

Perhaps the OP meant that selling houses with BTC the main currency advertised and accepted was coming soon. Even if not the case, any talk of BTC that gets other people talking is good for BTC. I mean look at this post, right? We have a speculative expert like you grace us with your opinion.

Jebusura

Seriously. OP loses his cool over speculation over future prices, only to go in to speculate the price of an AI house build on sand that would get washed away next high tide. Christ 🙄

Ill_Personality_3705

Pro TA from OP! I guess it will go in a direction, but thats my humble opinion

Zwetzak69

Price of houses will increase as well (of course not as rapid as BTC, since it'll forever outpace inflation), but before we see anything like this - at least for a house like *this* - we're still 2 full decades away from it. But I get what you're trying to say OP and I can't wait until it happens. We'll be rich beyond our wildest imagination if BTC keeps following the Power Law.

Good_Extension_9642

Hey OP, there are plenty of YouTube videos explaining how to transfer crypto to a cold wallet, and no, it's better to buy on an exchange and then when you have a "decent " amount transfer to the wallet

derbyfan1

Maybe because OP opposes where / how his taxes are spent... And wants to do something about it.

amk1357910

Sell the ETH but keep some - like 5-10 procent and buy SOL. Just my theory but you decide OP 😉

thenorwegian

I lurk here. Not really a bitcoin fan but see some interesting stuff here. OP in general just seems like an asshole pushing their interests on someone.

True-Whereas6812

OP: I am also a late coiner, I had vaguely heard about bitcoin in like 2014 or so, but used to make fun of it. Finally bought my first sats 7 years later in 2021, when the price was at $46k. I have persevered in buying ever since then, and accumulated 328,000,000 sats. Once I got in, I have only bought and never sold. So, start stacking now, and if you persevere you will soon go from 4,000,000 sats to 50,000,000 or 100,000,000 sats As to what it will all be worth in 10 or more years, that’s anyone’s guess, but here is my 2 cents. I think that if the price in 10 years is higher than today, then it will be significantly higher - at least 5x higher. Otherwise, it will be significantly lower if the public loses interest for some reason - like 10-20x lower. I don’t think it will stagnate around $100k per BTC, one way or another.

Unbalanced_Acctnt

I’m not going to speak for OP, but the North Korea example seems a bit extreme.😁 I won’t likely sell mine as long as I am working because my job supplies enough fiat to support our family and to set aside funds for retirement. Some of those funds are used to purchase additional Bitcoin. It makes sense to utilize fiat for immediate needs while holding Bitcoin since fiat purchasing decreases annually due to inflation and debasement while Bitcoin holds its value over time ( disclaimer: if you hold at least 4 years😁). Since I have a longer time horizon that 4 years, I believe holding Bitcoin is a better option than holding cash. When I think of financial freedom, I believe that Bitcoin will position our family to separate ourselves somewhat from the fiat system that allows central banks to continually devalue currency to suit their needs at the expense of working people and families.

Covetoast

Crypto warming will prevent the dramatic, 50-70%, downswings in the next crypto winter (at least for bitcoin). Depending on where we settle in at for the ATH we may never drop below where we are right now during the next downturn. Nobody really knows. OP, just buy & then DCA whether we go higher, lower, or both.

TheOnlyVibemaster

I don’t think that’s what OP meant, that’s true though. You don’t own it if someone else holds it.

kyleleblanc

I feel you OP, my experience has been largely the same. Merry Christmas! 🎄

johnnyBuz

Tbh, there’s been one instance in the last 75 years that the S&P 500 returned 20%+ for three consecutive years. The average return the third year is 12%, and if you remove the one outlier it falls all the way to 6%. While the rigor of his analysis may be nonexistent, there is virtually no scenario where Bitcoin does not outperform equity returns in 2025. The problem for OP is that he sold at the end of 2024 so owes the tax hit in April 2025 which is compounded further by the fact that the Bitcoin bull market will peak in less than 12 months, so if he decides to sell again next year he will owe short-term capital gains on the Bitcoin gain. It’ll probably still work out better than simply holding the S&P 500, but with a little better planning he could have simply sold his stocks in September, loaded up the Bitcoin dump to 55k, and likely been locked into long-term capital gains by the time the market peaks next year. Either way, good luck OP.

trucker-123

Bitcoin was like a really niche hobby back in 2010/2011. The fact that it it 0.30 USD, the Twitter OP probably felt like it was a good time to sell and you can't blame him for that. Who knew that Bitcoin would blow up to what it is today. I bought Bitcoin back in 2014 but not much of it, and I still hold onto the majority of what I bought back in 2014. I bought it at the peak in 2014 when the price was around $1K USD. Even when I bought it in 2014, my wildest and most optimistic forecast was a 20x return. Never did I think I would hit the 20x return within 4 years when it hit 20K USD in 2017/2018, nevermind the 100x return based on the price now. Nobody knows the future and obviously, the Twitter OP never knew it would hit $8 USD.

Every_Hunt_160

OP is probably a boomer or a stonks bro to consider this as a ‘rally’

johnnyBuz

“Is there a point to saving in a 60-80% CAGR asset?!?!!!” That is what you are asking OP.

Rube777

Yeah, it’s gone up like 200% in less than 2 months, it’s not exactly invisible….lol. I’m with the OP though. I used to own a lot, but got out a few years ago (with decent profit). The more I looked at the fundamentals the more I thought it was bullshit. 100% pre-mined nuff said

Responsible-Pace-243

Ok, i’m not sure about the profits and loss parts, but the difference is that one is a stock while the other is the crypto itself. As you saw in OP’s post, his average cost for 1 Bitcoin STOCK is $53.77. 1 Bitcoin crypto today would cost upwards of 90K USD.

InstitutionalUsage

“And its brigade-like current community.” You’ve proved OP’s point. Congrats.

InstitutionalUsage

The only logical, genuine discussion post I’ve seen on this sub in recent weeks. Kudos to OP for trying to initiate some discussion and debate versus mindlessly hyping.

WR3CKONER

Damn right it is XRP is the total opposite. I think it’s all hype and agree with OP the bubble will pop but who knows it’s crypto we’ll see what happens I wish all investors the best of luck.

Every_Hunt_160

OP in shambles after being embarrassed by your reply

filbertmorris

This is what keeps dumb people from starting their DCA. Don't listen to dumb shit like this, OP.

Mojo819

I have the same one as OP and it’s been a good experience so far

SmoothGoing

OP does not have a mnemonic.

br-02

Oh, OP is American.

142NonillionKelvins

Lmao what a moron OP is

StatisticalMan

You missed the context. The context is if governments ended up larger than exchanges and miners today. That would involves governments buying litterally million of Bitcoins which would indicate a SHIFT from what status quo today. Not saying that will happen it was the prior OP question.

ofyellow

Referring to the last sentence of the OP

Sector__7

Tell me you don’t know what you’re talking about without telling me you don’t know what you’re talking about. There’s no “new color” as OP posted the original (old) rainbow chart which has the purple. The updated rainbow chart doesn’t have the purple. Go to the below link and you’ll see the original (old) rainbow chart at the top and the updated rainbow chart below it. [https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/](https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/) BTW, I prefer to reference the power law chart below as it’s easier to understand the trajectory of where bitcoin is going. [https://charts.bitbo.io/long-term-power-law/](https://charts.bitbo.io/long-term-power-law/)

IndianaGeoff

Don't worry. That train is going nowhere, just like the OP's point.

CheekiTits

Well said. I genuinely can’t believe OP thinks the whole fucking market conspired against him over $3k lol. Cmon man.

Laukess

If you don’t own any, why would you give it credibility by saying you do? If OP does own some, why ask r/bitcoin what they would answer? I would hope most people would call it an obvious grift with insiders that are bad actors, but you never know with this sub-reddit.

TheGiftOf_Jericho

It's not how it seems in the screenshots, he's playing with the bot, I had to look it up. Seems OP is spreading misinfo

Crazy_names

I find this to be a strawman argument. I usually rebut by asking "how much gold do you have in your pocket?" Zero. And even "how many dollars do you have in your wallet?" Maybe a few bucks to a few hundred bucks depending on the person. But the point is most money is stored digitally in a bank account or a gold holding account. I know 1 person who actually stores his own gold, silver, and platinum in coins and bullion. But if you (the hypothetical "you" not OP specifically) argue that bitcoin is subpar because you don't put it in your greasy palm then you could say the same about dollars and gold. Try going to you bank and pulling $5k out of your account. You will get questioned and put on a watch list in many countries.

RobinDutchOfficial

Somewhere right now someone is also reading this at home in their study/office room while hanging on the walls around them or in their general home are paintings hanging on the walls they paid 10 - 100 bitcoins for even at today's price point. Likely reading off a monitor /desptop computer possibly which contains encrypted keys to their online digital art/ nft's they paid what the OP paid for his food (back then) but now the nft's value might be higher thsb every physical peice of art on the walls of this hypothetical scenario I've discribed. None of it can be eaten and it's value might be near to nothing comparatively to today's market. It's all speculative and imagined but accepted as real. It's far more "real" than the American fiat dollar created solely by the ilusionary maJik that is fractional reserve banking alone. Especially when one accepts the fact that the greenback fiat dollar has 93% less buying power today than only just 100 years ago. It's a scary world of future possibilities to thing of especially when the all-time eoicly high us debt is mainly owned by the emerging new probable future super power that is China. And even weirder or exponentially Unknow future possibilities when you also consider China's various and difrent policies pertaining to crypto currencies, specifically bitcoin. When the market cap of gold (which is supposed to reflect all know supply is a VERY VERY liquid number being that's China just announced over a couple hundreds of yes TONS of just discover veils (so did South Africa)... And then there's bitcoin with its capped 21 supply. If you read this far. Lol What I'm trying to say is "buckle in cause it's gonna get weird" Yes much much weirder than it already is. I think things are going to get so weird that OPs post will seem normal at times. If it's even possible to comprehend.

pythosynthesis

This is actually really crap financial advice. People do not know how to control their emotions and if Bitcoin experiences a severe, ~30% drawdown, like it did ALWAYS in past bull runs, the chance of OP selling at significant loss is very close to certainty. You do not put all your money in a volatile instrument as Bitcoin, absolutely not, if you're not ready for the volatility. Someone who just got an inheritance is not ready.

vremains

I don't know I recommended Bitcoin as an investment one year ago on this very sub and got downvoted because OP was only looking for a one-two year investment and everyone said Bitcoin is only for 5+ years... I also got downvoted for bringing up the halving and the 4 year cycle 🤷‍♂️. Not everybody listens to good advice, even right here 😅

chickinflickin

Are you the OP?

Interesting_Loss_907

Seriously. OP is wasting his time. He should just tell his co-worker he’s not discussing it further & best of luck to him.

Kehmor

The thing about TA is that the people who are good at it (largely) will not tell you about it because why would they? That said I used to follow one guy who nailed it way more than he missed and shared details on targets and stop losses as well as the wallet he traded with. Sadly the account has gone quiet, and I never took action on his calls because of the same scepticism you had. But hard agree; don't use leverage OP. If you have to ask about it, you shouldn't be using it. Maybe after a few years of actual study (not just reading tweets).

kyleleblanc

Hi OP, If I could suggest any one thing it would be the following. [Jack Mallers “Intro to Bitcoin” at Bitcoin Atlantis 2024](https://m.youtube.com/watch?v=d7ID3fKAFQM) I’ve watched and listened to countless videos and podcasts over the last 6 years but nothing has hit nearly as hard as this presentation. Seriously, set aside 45 minutes and prepare to have your mind blown at least a few times. Merry Christmas / Happy Holidays. 🎄 Cheers! 🍻

Dry_Dentist_665

To Answer OP, /u[MeMyself159](https://www.reddit.com/user/MeMyself159/), I'm not sure where everyone is getting their information from. >I have come across comments that suggest that unless a Bitcoin Core full node is used for verifying your own transactions it provides no value to the overall network. >Can anyone explain why this is a true or false statement? This is **false**—a Bitcoin Core full node provides significant value to the network even if it’s not used for verifying your own transactions. Here’s why: 1. **Enforcing Consensus Rules**: Full nodes validate blocks and transactions according to Bitcoin’s protocol. They ensure that miners cannot include invalid blocks or transactions, acting as gatekeepers for the network. 2. **Decentralization**: The more full nodes there are, the harder it is for any single entity (or group of entities) to exert control over the network. This strengthens Bitcoin’s resistance to centralization and censorship. 3. **Propagation of Valid Data**: Full nodes propagate only valid blocks and transactions across the network, ensuring that invalid data doesn’t spread. 4. **Network Integrity**: Full nodes protect against attacks like double-spending by rejecting invalid transactions and blocks. This maintains trust in the Bitcoin network. While using your full node to verify your personal transactions enhances your sovereignty, the act of running a node contributes to Bitcoin’s decentralization, security, and integrity for everyone. That’s why full nodes are a critical part of the network’s infrastructure, even if they aren’t tied to individual wallets.

MrQ01

Okay so the wallet sells. There's a sudden selling force - is it because there is a shift in market sentiment? Perhaps some extremely bad news for bitcoin that's now made is a less value asset? No. It's just one person who's decided to sell some bitcoin. All the use cases currently floating around regarding Bitcoin still stand - except that it's now much cheaper, and an already known existential threat to market value has weakened. "What if"? OP, your question belongs in r/BitcoinBeginners because everybody is fully aware of this "what if" when they enter bitcoin. These 99% investors have made bitcoin the fastest growing asset class in the world - the "what if Satoshi sells" is already a known risk. If he "suddenly" sells, now we have cheap Bitcoin due to market irrationality. Satoshi's stash can inflate the liquid supply by.... 5%. You're making a big deal over a potentially sudden 5% increase in supply.

Generationhodl

"If you can't feed and shelter your kids its a pretty big deal." You can't be serious ? He would have got another job and just rent something, like millions of people do today. You act like selling his house did mean that he lost all his skills to work and earn money. "People lose their families over gambles that don't pay off." Thats only the case when they use DEBT to buy stuff or when they can't pay their DEBT anymore. We have millions of people buying real estate with DEBT they pay off with their work. Do you think this is not risky at all? If you lose your job then your family does also have a problem. But it looks like that guy in the OP Post did not have any debt and sold his house to buy BTC.

EitherInvestment

No one seems to have even read the article (including OP), which specifically does mention it

EitherInvestment

By ‘they’ are you referring to the article you linked in your OP? If so, it specifically mentions exactly that

MrQ01

Why did Satoshi hide his public identity ? Because of posts like this. Bitcoin is completely decentralised, and so if that's to be the case "spiritually", then Satoshi's identity should be completely irrelevant to everyone. If this wallet holder decides to spend their money then so what - it's nobody else' business. But as per this post, society deems it not to be irrelevant. They want to know who Satoshi is because they feel that their identity, opinions, thoughts and plans are relevant to Bitcoin. >What will happen to his wallet, assuming that he is an individual, owner of the golden btc wallet, what will happen to his wallet if he dies/died already ? >What will happen to those BTC kept if the wallet is lost forever ? OP - the above and most of the questions you are asking are self-explanatory and have a non-ambiguous answer - the wallet remains dormant. What else would supposedly suddenly happen? But again, we're all here try to make it mysterious and rhetorical - turning irrelevant factors into relevant factors. And if people think they are relevant, then Satoshi's true identity will influence people's view of what is supposed to be a decentralised currency with no main leader. Personally I don't know why Satoshi chose to remain a mystery. But it's clear that humanity is not mature enough to distinguish the creator's identity AND their actions as being irrelevant. All Satoshi can do (if indeed he is the owner of the wallet) is transfer his Bitcoin to somewhere else, or give ownership of the wallet to someone else. As is "his" right. If you need to know the identity of the creator/ wallet owners then a decentralised asset class like Bitcoin isn't for you.

Efficient_Culture569

True. But you confused OP by adding Laura at the end without context.

DHalps2323

Huh? Show me the word “bank” in the OP? What are you even saying? Looks like you came on here to make pointless arguments. This is ridiculous and dumb… and going nowhere and accomplishing nothing.

MaximumStudent1839

Saying a bank should have FDIC insured funds is changing the goal post, wtf? The OP post said it is not likely from banks but you argued “regulatory clarity” would change it. You are the one changing the topic by confusing other financial institutions/funds as banks.

CipherScarlatti

"Yeah Safemoon is the best to invest in. Trust me." - OP

user_name_checks_out

> By running a node > > * You contribute towards network decentralization. The more nodes in the network, the harder it becomes for malicious actors to attack or control the system. (i.e. 51% attack) This is not true, and this is exactly the misinformation that OP is trying to understand. Running a node just for the sake of it does not contribute to decentralization, and it does not help to protect against a sybil attack.

Lee911123

hindsight is 2020, it’s easy to look back and think of it as a longterm mistake, but without people like OP bitcoin wouldnt be as big as it is right now

nichnotnick

OP gets me

anonymuscular

Why isn't anyone addressing the fact that if OP were to go to the authorities, the wallet would be seized? They are not trying to avoid the government to evade taxes. They are avoiding the government because the crypto is not theirs, but they'd like to keep it. Try to go and pay taxes on a suitcase you found buried in your backyard with 10kg of gold.

anonymuscular

I think OP is talking about hiding the crypto not because they want to avoid taxes, but because "finders keepers" is not a real thing in modern society. Once you go to the authorities with the crypto you found in this abandoned wallet, they will seize it (as they should) because it does not belong to you.

wuzidru

NFA – My portfolio is diversified according to a specific percentage structure, which I will not disclose. However, here’s what I’ve been accumulating over the past 12–24 months and intend to carry into 2025: L2s: $ARB, $STRK, $ZK and $OP New L1s: $SUI and $APT DeFi: $DYDX & $GMX PS: + some allocations into $ZRO and Wormhole $W

StatisticalMan

No the OP wants to know the secret methods to hide wealth from the govt so he can avoid paying taxes that are the safest and the answer is there are none. If you are fine with paying your taxes use any major exchange. I have sold six figures worth on all of them without issue. Seven figures would be a non-issue as well. Eight or nine figures likely going to want to use an OTC service like coinbase otc. If you are trying to hide a litteral billion dollars in wealth from the government you will lose. $200 you sell to your buddy down the street sure but not a billion fucking dollars.

NoRecommendation9108

Might as well DCA in the top 10 forever OP. You would never lost

Unusual-Grocery-8578

You aren’t wrong in sentiment, but you are definitely missing the point. OP wants to know which practical methods of converting to fiat currency are the safest. Or which exchanges are the most trustworthy. I feel like a lot of us would like to know that.

Froz3n_Cornchip

OP no disrespect but if you are asking this question here I recommend learning more about BTC. Especially if you already hold some, keep learning until the orange pill takes effect.

tied_laces

OP..define traceable. You may have a different understanding.

CronosDF

Was OP legit about this business opportunity or like ??? Need an update

eckstuhc

the original list of special characters was provided by OP in another post, but a second run was done with hashcat's built in list: !"#$%&'()*+,-./:;<=>?@[\]^_`{|}~)

Citizen_Kano

OP has $87 worth of BTC, split across 3 cold wallets for safety

noviwu97

The people OP targets unfortunately never visit reddit

WeeniePops

Seriously OP, I don't understand why you posted this. This is like a Buttcoiner's post who lacks a fundamental understanding of the network. if I buy a Ferrari and my neighbor who I hate also buys a Ferrari, that does not ruin the car for me. Maybe if he bought Ferrari as a company he could ruin it, but that is damn near impossible. The government owning Bitcoin has fuckall to do with the Bitcoin I personally own. If anything, I got in in first and now they're dumbasses are helping to pump my bags. Ya snooze ya lose.

Apprehensive_Cap9657

OP clearly missed bitconnect

pizzabirthrite

OP is a liar, claims $50 but really paid 2 bird coins and some cartoon bills with a queen.

SkiZer0

OP also wants you guys to not stub your toes.

Bastion55420

Not OP but I can answer. 1. Yes those transactions in the red chain are gone and never happened as far as the other nodes are concerned. 2. Yes the entire block content is published in clear text. The other nodes can then very quickly verify that your block is actually valid. They just run the SHA function with the block content you published and check that their hash matches yours. Otherwise you could just make up a „valid“ hash. It is also necessary for the block content to be public clear text because otherwise your bitcoin wouldn‘t even exist. They only exist in the transaction content in a block. When you install a wallet, the only thing it does to display your balance is to look at all the blocks and add or subract the content of every transaction it can find for that address.

Lookralphsbak

OP, make sure you read up on UTXOs, if you're not familiar.

MatchboxVader22

I’d delete the screenshot, OP. That’s a lot of Bitcoin that you’re showing that you have just sitting around online.

Snailtrooper

If OP chooses to what’s the problem

SaltyFlamingo0

OP doesn't care. Don't!! be\_evil... Doesn't matter, we care!

fanzakh

Don't waste your time for a pure hypothetical. You even wrote more than OP did...

Efficient_Culture569

Is OP Rustin for real?

TheGreatMuffin

OP"s idea with using different wallets for different coins might still be of value on regards to privacy. If he wants to keep UTXOs truly separate, using different wallets prevents mixing up change outputs or other user errors. But in order to take advantage of that, other privacy best practices need to be followed too (avoiding KYC platforms, utilizing your own full node etc).

TomorrowSalty3187

I used Chase with Coinbase, Strike , river and others. No issues here. OP is BS.

SmoothGoing

My guess is OP just wanted to say "hedge" but commonly it's seen as keeping up with inflation. I.e. reduce purchasing power loss vs keeping fiat in the bank.

B52fortheCrazies

The government using BTC != The government controlling BTC. Seems like a simple concept that the OP missed.

athomasflynn

I think it's hysterical that OP thinks these two positions are contradictory or hypocritical. They're not. It's not. There's no conflict here.

mikedi12

OP doesn’t get game theory. Keep buying PEPE

Trick-daddy-420

I mean, it's good to take profits. My average BTC price is around $30,000/BTC so I've been in pretty decent profits since we passed $40,000 lol would be dumb not to sell a little bit after being in 200% profits. I paid off a credit card and a couple other things and am in a much better spot from selling just a little bit of my BTC and alt coins. We're talking 5-7% of my total holdings. I'm still holding plenty to reap the benefits if we pump more. This isn't necessarily directed at OP but it's a noob mentality to think in absolutes when it comes to selling or buying. Buy a little bit when it dumps and sell a little bit when you're in good profits but never sell everything and also never use all your cash at once to buy. If you just follow these simple rules and long term hodl, you will likely do well in crypto.

Abysskitten

I've seen some hopium in my time, but this is a new level... Imagine... Thanks for that mega hit OP.