SO

Just1_More

OPs post history... trying SO HARD to find a fatal flaw with Bitcoin. I wonder if they'll have the "Ahhh ha" moment soon.

illcrx

YOU ARE SO LUCKY, you have $80k. Pay the fucking thing off and be done with it. But let it go up a bit before the end of THIS year, how much are you going to owe this year?

Gigiinjo

SO that is not good. With having so much BTCs can they actually manipulate with BTC price? ​ In my logic that is not what BTC and crypto is for.

thec4nman

My average is 25$, you can’t beat that. I expected SO MUCH MORE

heal_thyself_

You know your stuff. SO based on your comments, you've considered that 6m btc are lost for good and the real moveable amount is like 13.5m? And what this implicates? I'm not testing you like I have some secret, I'm genuinely curious on your thoughts.

Stinkpretzel

Yeah this is going to get existing and I'm SO ready

Rice-Fragrant

The federal reserve did research on this and concluded that the COLLEGE PREMIUM NO LONGER EXISTS. It was a very big thing back in the 1900s-1950s to have a college degree… after about 1970s it became more common and now today THE STANDARDS ARE SO LOW than some college graduates need remedial training.

DontDieSenpai

It's too narrow a perspective IMO. Yes, bitcoin *can* function as a medium of exchange, but it is SO much MORE than mere currency. \-It functions as a SoV. \-It functions as a ledger. \-It functions as a hedge against economic uncertainty. \-It can function as a smart contract. \-It can perform the function of international settlement. Bitcoin is being developed in layers. Lightning is a tool on the second layer that helps bitcoin to scale to better serve the medium of exchange function. With lightning, the transaction fees are miniscule, and the transactions are much, much faster than at the base layer. You wouldn't want to use the base layer to perform transactions in a bitcoin-based economy for several reasons, such as transaction fees and speed. With widespread adoption, the base layer would best serve the function of settlement, and layer 2 solutions such as Lightning would best serve the function of a medium of exchange. To conclude the ONLY function bitcoin performs is, "Transferring BTC/sats from one address to another" misses the mark.

ColonelVirus

Yea we spent a couple of thousand setting up mining rigs. Back then GPUs were the only option. I had a top of the range gaming rig at the time and would use it whilst I was at school and sleeping. It was SO easy to farm them XD. Then they did that halving thing that made it much harder. Yea I'm gutted. It's like 100m-500m lost at the top end. Just don't really think about it. XD. Gotta take it as a 'shit happens' moment. Tried a few other coins after but nothing really stuck. So I just left the game.

Professional-Time-50

SO you just like many others. You picked something that was not an initial winner or simply didn't get the initial hype out of the gate. It does not make it a bad coin or a poor performer at all. There is literally dozens of top coins and you can't own them all, or you will have so little of them that even if few go up 3-5x it won't make that much of a difference in your overall portfolio value. So, what most do is buy few they feel good about and wait for them to flourish. In a real bull run all coins catch up, in a bull run wanna be things might not catch up till later. If this is not the bull run yet, then you will have a chances to buy SOL and others at better prices, but what you don't want to do is chase coins that do well. Its a perfect buying high and selling low loosing scenario since you are selling those that have not go up yet, but really could as they catch up and you're buying those that already had a run and their returns from here on are limited and more likely to come down in price as people take profits. DO NOT DO IT. Patience is the key for crypto markets and it will be rewarded.

heal_thyself_

>BTC will have a top pretty much the same as the 2021 high because of his '5.3 theory' a theory that the percentage that btc increased over the last 2 circles from the cylcle low was the previous percentage divided by 5.3 I watched this a few times. Let me say that he could very well be correct and probably knows much more than me. But lets start with a much wiser theory: "No one knows what bitcoin will do". Its important to note that he's looking back and noticing patterns. First he's noticing that a schostatic RSI crossover is indicating when the bull market begins. He's not the first person by any means to use some RSI to try to predict the market turning, its very common and useful. He notices that when this cross over happens, BTC has printed a 38% (i think monthly?) candle the last 3 cycles. That includes this current cycle. Its interesting. So the main problem I have is that he gets his 5.3 from literally one data point set, not even two data point sets. He simply says bull market gain of 7420% (2015) / 1400% = 5.3 (2019). That's it. It seems like a very bold assumption to say that the next bull market will only rise 1400%/5.3=264% because you found this magic number of 5.3. The whole point of a non-linear regression model is to see an increase/decrease in the RATE of change. Assuming you can "just take the previous percentage increase and divide by 5.3 seems elementary. What's funny is that I made my own non-linear regression model surrounding the percentage increase in the bull markets from the time of the halvings. But I can at least claim that I used 3 data sets based on the last 3 halvings. My model shows that the 2025 bull market will 5.1x from the time of the 2024 halving. My model also predicts a halving price of 36k. So 180k bull run top. I don't think this is wrong, I know its wrong, as all models are. The problem with all of this micro analysis is that 1) we only have 15 years of historical data at best. 2) it doesn't take into account any macro analysis. My own macro analysis: Last bull market we had certain exchanges dumping BTC, the china mining ban, and a bad outlook for government regulation of bitcoin and cryptocurrencies in general. We really DON'T know how parabolic a bull run could still be. We just don't. Now we have more clarity around BTC in the USA government, possible ETF coming, bad actors going to jail. The ETF solves a huge problem for bitcoin, namely, self custody. Yes, all of the people here will spout "not your keys not your coins". I don't care. People with millions of dollars don't want to keep a USB drive in their closet and memorize 24 words. They just won't do that. They WILL click a button on their brokerage account, however. The number of bitcoin in circulation is probably 13.5 million, not 19.5 million, due to lost coins. I actually don't think the market cap of bitcoin is 718B, I think its more like 496B due to this fact. So the total market cap of bitcoin is 496B, lets say 500B. Lets just call gold marketcap 13T. That means bitcoin would have to 26x to hit the market cap of gold. SO for bitcoin to hit the marketcap of gold, each bitcoin would have to be worth $958,000 USD per coin. So IMO, essentially when one BTC=1M USD, we will have reached the market cap of gold, and not any sooner. Self custody is a big problem that is about to be solved in a regulated way, for a new asset class that has performed exceptionally well and people want exposure to, and many money managers are saying "get off of zero" or "at least allocate 1% to bitcoin". The idea to allocate "1-5% to bitcoin" will go mainstream. This will have huge implications and gradually increase. It was never a mainstream idea as far as I know, to "allocate 1-5% to gold". The writing is on the wall.

Professional-Time-50

Use what ever rational you want, to buy the coins you like. ETFs for BTC and ETH are just a beginning, there will be plenty more for SOL, ADA and many others just around the corner. For now Solana seems to be the pick of the hour but no one knows how the market will unravel down the road. The next big thing even in the next bull run might just get invented next month and put Solana on the side lines. No one knows. SOL has as much chance of being $80-$100 in next few months as it has to be $10-$30, before the main event. SO make your bets and stick to your conviction. What any of us thinks makes no difference. Do your thing.

Sadistica6

Shit, gotta admit I missed movement like this,It's like being able to breathe again.Do we got some crazy ass open options on the CME coming up,crazy ass volatility is expected. Sentiment is good,inflows are coming in but can bulls actually take the options??Strictly for traders,What's the play long or short? I can't imagine going short right now but it is crypto and I've seen shit right out of the blue before.Im long with 2x leverage right now through and through.Got ballsy and went for the 2x.PlusbIve been playing strike options on CDC and killing it, small contracts but it adds up. SO Whatcha TAKE??

DivinityInsanity

Haven't posted here in a while... Had to sell my BTC at 27k to buy a new car. Since then I've gotten the money again, but I'll only be able to buy 40% less BTC than I had. I am so salty about this. Fortunately it was BTC I originally bought at 16k, so I shouldn't complain too much, but still. It am SO butthurt.

--kenpachi--

happened to me. not coma but totally forgotten about it. my SO about to reformat the old PC and asked what files are these. turns out to be some wallet info from a very old miner circa back then and after much hard work, managed to retrieve the wallet. about 0.6 btc still in there. not bad at all.

UseHerNameGotIt

Lmfao this^ I bought Btc TONS at $600 when my friend introduced me…. I had 2 when it shot to $1200 over night and I sold SO FUCKING QUICK (I had to buy / sell on this sketchy exchange on D/W- I honestly thought something happened and it was a fuck up) then like not even a month later I believe it was having a tug of war with gold

Injoker11

Yeah, I don't hold any bitcoin. I bet on the idea of Satoshi, and Bitcoin has failed to achieve that. Simple. It's just digital gold now. People say, "well, but it's not proof of work". SO FUCKING WHAT. Satoshi never cared about proof-of-work (it was just the first trial), he cared about p2p digital payments. The only thing he wanted to create was a system that allows me in the Europe to send money to my wife in Thailand without some annoying shitty banks in between, and instant and without fees. Which crypto is doing that? Which crypto wants to achieve that goal? SOLANA! THEY ARE REPLACING VISA FOR FUCK SAKE. CAN NO ONE SEE? Is everyone fucking blind?

Professional-Time-50

Those that do not follow Crypto closely did not know about Binance and its troubles. So to them is still a bad news day. Record fines, record personal charges against the owner. Together with yesterdays charges against Kraken, which could also result in a massive fine and already pending charges against Coinbase and one news piles on top of another to create a negative picture. Just wait till the mainstream media gets going on FUD, it will have an impact and we will see a trickle down till things settle. SO people will talk and it they will digest the news and some will sale to take profits especially after the run up in prices we had in Oct. Then everything will settle, people will forget about crypto for Holidays and things will open up down but hot and heavy after the EFTs approval in Jan.

Blankcoffers

It's funny you say that..look at Liquid networks block explorer. Almost all of their blocks are empty. Usually 1-2 transactions per block. L2's are more promising (IMO) than sidechains. In all reality though, I wish they would just fix up the base layer from a scalability standpoint. SO much wasted data bloat on the ends of transactions.

Professional-Time-50

Ok so to make that 15k you actually have to sell. People selling today in this environment is very unlikely since everyone expects a price rise do to ETFs approval in Jan. Very few, unless day trading, are taking profits at this point in the game. You don't put a million dollars to gamble it in crypto unless you have many more millions so once again, 15k is not much for someone in that position. You can't compare to what it means to other people, because they are not the millionaire in question. I love it how you distribute peoples money among their family just because you might do so. How do you know that the family of the millionaire are not billionaires. Its a silly argument. You are right every thing is a matter of prospective and a regular person does not have a prospective of a millionaire and vice versa. SO all we can say is what does 1.5% mean to ourselves based on money we have invested in crypto, not someone else. To me 1.5% is not a celebration and I bet if you asked anyone here if they get excited about 1.5% move in the market they would strong way NO.

Professional-Time-50

SO best case scenario is that they have things ready within month or two and start offering the ETFs. Saying that, we have just gone through an 80% price collapse in BTC. Its fresh in peoples minds and it does not instill great amount of confidence in new investors. Second of all, to apply for the ETFs you had to have the underlining security already in your custody. They have to sell out most of the original issued units before they think of getting more and dipping back into the crypto pool and that could take some time, offering a chance for cooling period. IF during that time you see significant BTC pull back, for those that are buying right away, it could mean 30-50% of price decline that might leave a sour taste in those that just entered the crypto market for the first time. Also the popularity of the ETFs is highly over stated. They have been available in Canada for couple of years and the asset under management is actually pretty dismal. 1.2 billion for the largest and oldest of them and 1/5 of that for the ETH based ETF. I know Canada has about 1/10 the population of US but you can buy Canadian ETFs with many brokers in US yet they are not that popular. Another point would be that only hand full of the 12 applications are BTC spot ETFs. Many are crypto ETFs that hold nothing but corporate stocks of companies that deal in crypto space and many won't know the difference or will trust the companies more then decentralized currencies. I think this might very well be buy the news sell the event scenario. But I would also not be surprised if they get delayed again. The 90% agreement in crypto community that the approval is a done deal is really not based on anything other than SEC willingness to simply look at some more information closely and ask for clarifications. No insider ever confirmed that the decision was close to approval by any means. Its almost like someone started the narrative of 90% assurance and everyone keep repeating it as in a factual news. We could have about 2 years till top of the next bull market judging on timing of previous cycles. That means a lot could happen bad and good between now and next major leg up. I expect a very nice pull back in price in the mean time and have been commenting and posting about it extensively.

StackingSats1300

That's why i said multi sig and left in directions. My SO had no idea what we have, but she knows where it is and where my directions are if i get hit by a bus. And she knows the password without knowing she knows it, so... I'm unnecessary for transition.

eudezet

I don’t understand people’s obsession with this ghoul. Just because she spits some pro-crypto narratives, doesn’t mean she isn’t an evil hag. She’s a hedge fund shill who voted against market transparency and stricter regulation at every opportunity. Every single vote on anything that would reduce institutional obfuscation was met with a „no”, with reasoning coming down to „it isn’t needed”. Crown jewel of those was „more regulation isn’t needed because regulators should work with the tools they have”. Spoken by a fucking regulator. SHE ISN’T ON YOUR SIDE, PEOPLE. SHE’S USING CRYPTO TO SHIT ON GENSLER SO THAT SHE CAN ULTIMATELY REPLACE HIM AND PUSH SHIT THAT’S BENEFICIAL TO INSTITUTIONS.

TheGovernorTTV

SO, I really have to subscribe to "PRO" to see my TXID no matter the app or web site? I don't even see an option to go to the "Legacy" version mentioned above...

Professional-Time-50

Yes and NO. I got a nice nest egg and would like to put part of the retirement funds into play in crypto space, but I also realize that volatility is insane so would like to get the benefits of more frequent trades. I can only use ETFs for those funds in Canada. If I withdraw my registered account into cash now to use it at an exchange I will pay taxes like nothing else or they are locked in an not accessable for me to draw on till I'm 55. So it has less to do with how I trade and more to do with a limitation of the funds usage itself. They simply can't be used at an exchange as regular fiat at this time without getting thousands of dollars of tax penalty. SO its a catch 22. You can day trade them without worrying about taxes till you actually retire and start drawing income from them, but you are limited to 8 hour window per day, which makes it difficult to catch the dips and rallies. So yes, frustrating.

ScientificBeastMode

The problem with this analysis is that it completely ignores the fact that HOLY SHIT THE TRUST IS TRADING AT A 500% PREMIUM!! The implication is that SO MANY INSTITUTIONS want exposure to Solana so fucking badly that they are willing to pay a 500% premium just to have that exposure, because they simply don’t have the option of buying SOL itself. That’s insane. That means Wall Street is extremely bullish on Solana, and they are willing to bet lots of money on the fact that the SOL price will eventually exceed the premium price they paid for the trust asset. So while it’s true that the market is making this trade, they are essentially just validating that insanely bullish institutional bet.

DecoupledPilot

SO I entered my seed on metamask and it tells me its a empty ethereum address. I am very confused now. Are my 13k moons gone?

Professional-Time-50

The values maybe if we are very very lucky, but the timing we need to look at more closely. Once we get over last ATH the rest of appreciation goes pretty damn fast after that since most become believers by then and crypto takes off. It usually takes 8 to 12 months till we crash again after that point of exceeding previous ATH. SO that would mean we need to wait for 68k till end of next year. Is that reasonable wait? It is if we have a major crash in between but its not if we see it much sooner. I think the crash due to recession maybe in the cards and then with 68k end of next year and 220k end of 2025 and by end of 2026 we are hitting new lows after the crash since its a 4 years cycle. Who knows it could work.

foxbat56

I don't even think I've come close to doing it justice either. There are going to be SO many micro-services out there that are interacting and transacting with extremely infrequent human intervention. We're going to get a lot of efficiency out of it and quality of life I believe has the potential to explode globally.

Professional-Time-50

I have never claimed to be a day trader. I'm long on all my positions. I have never, once called a trade, suitable for a in and out approach so how can you say that based on those calls you made or loss money, when I never done those calls. Is like a twilight zone episode, talking to you. I called short term decline on SOL when we were at $58, for those that wanted to get in at lower prices, me included, this is how this whole things started. Since that call it hit $51.32 before a rebound and I bought in with an average price of just over $52 so about 10% discount from the time of the call. SO I called and executed and saved money on the entry, exactly as planned. What is your argument here that SOL rebounded in a meantime? I also called that yesterday before it tackled the $57 resistance saying that if the bulls prevail, it could go up over $60 again but it will not last there very long, which we will see in next few days. If your argument is that in a mean time you successfully day traded the ups and downs then great, it was not my call to do those trades at all, but during volatility which I called for you can of course day trade successfully. I also understand very well higher lows and higher highs. BTC just had a higher low with this dip (barely but it did end up higher) , that is why I said (look at my comments from yesterday) that we could see one more upside over $40k as a result of a rebound from here but, the chance of larger correction from that point is very very likely therefore I will plan for entries at 33k and 30k. You actually got excited about the 33k in your reply and stated to you could see that, which would definitely brake the lower highs trend and therefore be more likely to revers the last month up trend. I also said that if I'm wrong, that is ok since I'm already in the market for a good positions. So I didn't prophesize anything other then, suggested on the movements and how I'm preparing for those movements. So I am not going bearish as you stated above I'm simply ready for bearish scenario which is definitely not ruled out.

Kugel

if you are seriously using a scenario where society has collapsed because the government is seizing all your assets...your job, your home, your car, your access to internet or electricity, will all get seized just as easily. if this apocalypse is what you are suggesting, the government will just throw you in jail and end your life anyways. seizing your bitcoin wont even matter at that point. God forbid the government doesnt collapse, then this is a great option with no other drawbacks. hackers cant empty a registered account, they are government insured against fraud. so again, unless the government has collapse this is impossible. And if your only critique of fidelity is that "the government might collapse" then that sounds like a pretty safe asset. im hardpressed to think of anything else that is SO secure that its only threat is the actual end of society. If the government is still functioning normally in the near future, you have lost bitcoin you could have otherwise earned. you will owe taxes to the government and have fewer bitcoin than had you bought an ETF in a roth IRA. so unless the government collapses, you will have missed out on some bitcoin and given that to the government for nothing. and everyone who didnt listen is better off than you. you have been warned. risk management goes both ways

Nagemasu

a maximalist is someone who holds extreme views and opinions, usually political. SO in this sense they hold extreme views about Bitcoin, it's usually the people you see screaming that "bitcoin is not crypto!" or calling every other crypto a shitcoin without entertaining the idea that something *could* ever be better than better. Also see: see this subs mods.

Kugel

right? everyone here says holding bitcoin with fidelity is risky because the government might collapse. thats such a weird argument. i cant think of very many assets that are SO secure, the ONLY threat is a literal collapse of society. that makes fidelity seem really secure actually if THATS the only downside lol. And everyone here who is anti government and you cant trust the big banks etc etc, yet they are actively losing bitcoin gains to taxes which are paid to fund the government these white knights are fighting? seems to me like avoiding taxes on your bitcoin gains is right in line with the bitcoin agenda. everyone who holds bitcoin in cold storage WILL have less bitcoin and WILL fund the government with taxes more than someone with fidelity bitcoin in a tax advantaged account lol. and unless society collapse, its basically a no brainer. If the people here are really worried about iminent collapse of the government, they really should be investing in bunkers overseas, food stores and gold since bitcoin will be useless once society collapses anyways.

Full-Function-8427

LMAO WE ARE SO BACK. Your points are not valid at all. Im too bored to argue back maybe go learn about TVL more u dumbo

Crypto-Wizards

I have the same with TheBigOne exchange. Changed my phone line and they refuse even after proving I own the line. 100 emails and they just say KYC was never done. thats it the final word is always the same. SO AVOID THEM !

Professional-Time-50

It is very common to buy the rumours and sell the news/announcements. SO what you telling me we will see light increase in prices for the rest of the year and then a major pull back. I just predicted that today. Market resent around New Years eve little before or little after depending on the timing of the SEC news.

Professional-Time-50

Smart money is taking profits from SOL and putting it into another major player like MATIC where price increase is not as big of a news as BTC would have. SO its an opportunity to suck in the plebs, since they only follow the trends, into already existing rally without effecting the rest of the market. Once they have nice run up in price around $1.00 they will exist leave you all hanging with the loss. Welcome to crypto spring.

AscendedRegard

Dude was on the sidelines when watching those huge pumps and wants to drag the noobs down with him. WE ARE SO BACK

Just1_More

You've been proven wrong by multiple people. I have provided links proving you wrong. There is nothing more to be discussed. I could provide SO MANY links backing my (and everyone else's here) stance on this matter. Your response is, "Everyone but me is wrong." We're done here mate

benhammy

Read Jeff Booth’s The Price of Tomorrow and revisit your thinking. Prices _should_ be falling because we’re getting more efficient, more productive, and more automated via technology. That should be making everything cheaper. And yet there are many products and services where prices are artificially inflated because our money is artificially inflated. With a deflationary currency, prices on everything fall to their marginal cost of production. A house ceases to be a store of value, because people will only be willing to pay the cost it took to produce it, because they’re not going to waste their sats on an overvalued asset. Not only does that get more houses into the hands of more people, it reprices our time and energy into only focusing on things that move the economy and society forward. Because the places that people WILL be willing to spend more sats are on productive and innovative enhancements. If you flipped a switch overnight, yes. A lot of things would break. There’d be entire swaths of the economy that instantly become worthless. However that’s not what’s happening. Right now, the bet in favor of Bitcoin is SO asymmetric that most bitcoiners are going to hodl for a long time. But everyone has a price they’re willing to sell their money for goods and services. Especially in an economy where you are rewarded by being innovative and productive. The Keynesian lie that you’re assuming at the base level of your argument seems to be that “we need to force people to spend, otherwise they’ll hoard their wealth and society will collapse” but that only applies in a closed Keynesian system. An entirely deflationary economy would have different rules and assumptions.

Over-West-5050

We are currently in the disbelief stage. SO many sour attitudes around here even with the recent price action. People gonna wait for new lows then fomo in at ATH.

shittybtcmemes

btw have fun staying poor no coiners. I own a shit ton of bitty I TOLD YOU SO at 3k 6k 9k. You guys should have gotten in sooner. Your fault. Last but not least, IM RICH BITCHHHHHHHHH!

SmotheringPoster

How the hell has GAS GOT SO HIGH? following fuel prices it seems hahahah

jkeegan123

This is kindof like the Gamestop thing. Traditional market people are SO MAD that this is happening after we predicted that it would happen, just like Gamestop. They naysay and hate BTC talking about how it's fake, no value, nothing behind it ... but really they're just mad that all of their control API's have been disabled. They have every API exploited on the FIAT currency, but they have no control over this and it's killing them.

1nfinitus

Those ETH comments yesterday aged SO quickly

1nfinitus

Hahaha this aged SO quickly

ChilliOnMyWilly

Lets....go? I have lay dormant for SO LONG

noburnyet

Hey hey hey everybody, My name is Carlos Matos and I am coming from New York City, Let me tell you guys that I am SO EXCITED, I am SO HAPPY I am really so thrilled to be right now! Sharing this amazing, glorious, SUPER and EXCITING moment of my life with all of you guys—and let me tell you that we are really changing the WORLD as we know it. The WORLD is not anymore the way it used to be, mm mm MM, NO NO It sounds like this to me. You do you but I will stay far away from it

Professional-Kiwi144

Plot twist….**SO DO I!!!**

Altruistic_Duck3485

wow grats man! Havent seen a leverage success story in a while! Mostly because everyone is SO against it and shuns it constantly.

edislucky

Agree, and to reiterate. There are SO many whole coiners. Anyone I know who has a Rolex also has at least 1 bitcoin. It's just buying another Rolex but with better earning potential. As British said on his YouTube, when Saylor made his first ever BTC purchase with his own money (for his company bought any) he bought 10,000BTC. The rich are the ones buying up all the coins, not the mass $10 DCA gang making Reddit posts.

socalmikester

"see- im big in crypto, and its gonna blow up, so be ready!" this bank is gonna stack SO many sats!

chris_ots

Yeah, that's why you don't post dumb brainless meta comments like "LOL CANT BELIEVE I HAD TO SCROOOOOOL SO FAR"

dtlars

Pay off my SO's life-saving surgery, my mortgage and the money I stole, er I mean borrowed, to buy btc in the first place

SuccotashComplete

My SO is incredibly risk intolerant so she often makes poor investing decisions. She was against me buying NVIDIA which is up nearly 400% since I bought it. She was against buying ibrx which is up 90% since I bought it. She was against bitcoin which is up, well let’s just say a lot since I started buying it I love her but this is not her arena. Some people just don’t know how to gauge risk/reward and only like certainty

lordsamadhi

Yea see, that's what I'm talking about. People think they understand Tesla is so much more than that. The supercharger network alone is more valuable than the cars, imo. But no one ever talks about that. My Tesla has 103k miles on it and never had an issue. No belts, no oil... only tires. It's the best car I've ever had. But, as I said, the cars are a small part of it.... the part normies only talk about. AI, charging networks, solar, batteries, robotics, insurance.... these are what make Tesla valuable. Sorry, not trying to be condescending. It's just the same concept with Bitcoin. People think it's just digital money, and they kiss SO MUCH of the bigger picture. Maybe they hear people like me talk about it, but they don't understand what we're saying. Bitcoin and Tesla have a lot in common. They're both way bigger than people realize. And average people think they understand it.

ChuckDeBongo

He was SO correct! That’s exactly what is happening now. Banks (at least in the UK) are starting to refuse customers spending money at Crypto exchanges. They are telling customers how they can spend their money!

SunnyDayShadowboxer

If you can't have honest financial discussions with your SO... they aren't your other half.

philjk93

Depends on whether you have children together or not and how close you are (I know marriage should mean you are close enough to trust your SO but that isn't always the reality we live in these days) it's sad that I even have to say this, that said yes If you are with someone that you have mutual trust and love for then you invest in each others future and you want the best for them too.

Somebody__Online

I share a bank account with my SO. They know about my stocks crypto securities and all equity holdings. We are a team, they are my partner. I do not keep secrets from them, they do not from me. We have been together 16 years now. Here’s to the next 16

Aerogelatina

Me and SO have personal ACCs but we do TA and manage our stuff kinda together.

lordchickenburger

SO LONG and never be again be mentioned in this sub

Fragrant_Smile_2067

Wow....the way you just scripted out what IS going to be the rest of his life is SO serious. Let's take a closer look at what just happened: he's gonna spend the best years of his life living in a toilet. This is so unbelievably devastating that his mind likely isn't even able to comprehend the magnitude of what just happened and we can call it all sorts of different things and look at it all sorts of different ways but what happened today is this man just lost his entire life and any pieces that will remain will only be tiny little depressing shambles that aren't even worth anything and in many ways are actually worse than being left with nothing. This is so damn serious. If the universe approached me tonight and explained to me that a mistake was made and that the entire executive staff of the universe is SO SORRY but due to a mistake that was made, I'm going to have to begin living SBF's life active immediately, and that unfortunately, that is all that can be done for me. And that they were all excited to at least have the ability to offer me something, rather than nothing, so I will at least have something that somewhat resembles a life. I would tell the Universal staff thanks but no thanks and that we can go ahead and shut down my game of life right now because aint no way I'm gonna grab a James Patterson book and get nice and comfy on a mattress as thick as one sheet of construction paper inside of a brick room that is essentially a dirty toilet for the next 30 years - you've got to be fucking kidding me with these kinds of sentences I mean just shoot the motherfucker instead I mean goddamn its SO DAMN serious! And I mean hey man, cant be fucking around with billions of other peoples dollars and then say "whooops...my bad everybody' - damn, I bet he never thought this was going to cost him his entire life, OMG just imagine the mental pressure he's under right now because he likely figured that while yes it is true that he royally fucked up and yes, he's definitely in some trouble for sure, but come now, I mean Stanford, his connections, his innocent persona, and that hairstyle are surely gonna all blend together into an upper class shield that will protect him from years of dirty prison time, I mean cmon lets get real, there's no way he's gonna get that outcome, no possible way - is possibly what he might have been thinking.....my guess is that this is so extreme that most of him hasn't even accepted that this has even happened as of yet. He's likely thinking that a mistake was made somewhere, surely he's not really gonna have to do like 20 years or more in the joint. Wow, I'm so unbelievably happy that I'm not facing a life situation of that magnitude. Never again will he even be able to sit on even your standard, basic cushion....wow. Cant be playin around with other peoples money is gonna be the decades long message here....

BigTimeButNotReally

They'd have to spend SO much buying and running ASICS and everyone would see them doing it. The second they had a real attack, Bitcoin's value goes to zero. And all those ASICS become useless. All that money wasted on an attack. And EVEN IF that looks like a possibility, don't you think the Bitcoin's devs would code a patch to lock them out? Every free node in existence switches to that version, and the government's ASICS are still useless.

JamesBondMI6007

Part 1: Vol. 1, No. 2, August 2023 THE JOURNAL OF DIGITAL ASSETS CBDCs: Pros and Cons A comprehensive list and discussion of the advantages and disadvantages of central bank digital currency Patrick Schueffel (P. Schueffel is adjunct professor at the School of Management Fribourg, HES-SO, 1700 Fribourg, Switzerland (e-mail: patrick.schueffel@hefr.ch). Received April 12, 2023; revised, July 12, 2023; accepted, July 15, 2023; published: August 8, 2023 49 ISSN:2951-5181 DOI:10.23164/journal.230808.000004 Patrick Schueffel holds a doctorate degree in business administration from the University of Reading, UK and further postgraduate degrees in business administration from Henley Business School, UK, the Norwegian School of Economics, Norway, and the University of Mannheim, Germany. Currently he is an adjunct professor at the School of Management Fribourg, Switzerland.) ABSTRACT Central bank digital currencies (CBDCs) have the potential to fundamentally alter the current monetary system. Potentially they could bring about a whole range of advantages compared to the status quo, yet they could also introduce a host of disadvantages. This text provides a comprehensive list of the pros and cons of CBDC along with a description of every single positive or negative outcome. Finally, it weighs the benefits and drawbacks of this new form of legal tender against each other. Keywords: CBDC, central bank digital currency, central bank, monetary policy, legal tender, currency I. INTRODUCTION Central bank digital currencies (CBDCs) are electronic versions of fiat currencies, issued and backed by central banks [1]. As those legal tenders are solely issued and administered on a digital ledger and no longer exist in the form of notes and coins they are referred to as central bank digital currencies. The consumers will hold this CBDC in a digital wallet, an app that is installed on an electronic device such as a smartphone, tablet or PC. Using the wallet app, the user will then be able to execute transactions and make payments at the physical point of sale or on the Web. Moreover, CBDC is highly likely to be programmable. Its digital nature will be highly suitable for a digital setting such as the Web and payments will be automatically executed should certain parameters be met. In this way payments and transactions can be automated to the highest possible degree. With the advancement of technology, the concept of CBDCs has gained traction in recent years, as they have the potential to provide several benefits such as financial inclusion, convenience, and no counterparty risk with commercial banks. However, they also come with certain disadvantages, such as compromised data privacy and regulatory challenges. This text will provide a comprehensive overview of the advantages and disadvantages of CBDCs compared to currently existing monetary system. II. BACKGROUND A CBDC is managed by a central bank using a digital ledger. Hence, one single entity, the central bank, has control over the issuance and subsequent administration of this new type of currency. By contrast physical cash is also issued by a central bank, yet the bookkeeping of the currency as well as its management is executed by numerous parties, respectively middlemen, such as banks, businesses, and consumers. Ultimately the bearer of cash is also the custodian of the currency and may or may not keep track of it. The bookkeeping itself can also vary widely, ranging from the meticulous bookkeeping of bank tellers to pocket money being kept in a piggy bank. Should CBDC be introduced, the currently existing form of money issuance as well as accountancy will undergo a significant qualitative change: the central bank will not only be able to issue or redeem digital central bank money upon a keystroke, but it will also be able to keep track of any transaction conducted subsequently. Any payment from one party to another can be logged on a digital ledger. Should CBDC entirely replace cash, any transaction will be traceable, and any cash could be become programmable. As mentioned, CBDCs will not only lead to a greater degree of centralization and control of legal tender, but also to disintermediation, new data archiving capabilities, and programmability. These characteristics will bring along several advantages. Those are laid out in the following table and described in subsequent sections, first on a societal level, then on an individual level.

Chonk-de-chonk

Crypto has SO MUCH more utility than stocks, though. Defi allows for everyone to contribute to liquidity instead of relying on market makers. You can send them easily to someone else. You can exchange them directly, easily use them as collateral on a loan, or spend it on benefits in an ecosystem you support. Crypto is FAR more than number-go-up, it's a completely new, innovative, and internet native way to interact with finance.

YaBoyDJP

I mean it’s like a couple cents on a few? I’ve seen quotes of 2.5% transaction fee; but idk if compared to my other exchanges I’m getting a better deal at the end of the day For instance; Wealthsimple charges an outrageous amount for crypto and buys it back very low. It’s more expensive than most to send off the exchange and for the longest time you didn’t even actually “have” the token. You just had “0.2 eth” that they held and wouldn’t move for you. Another app, takes E transfer. They charge LITERALLY like $300CAN more per whole Bitcoin (so it’s literally such a small fee you don’t even notice it) sell back is about 5% but they have really cheap transfer fee’s and offer a WIDE variety of tokens from SO many different chains.

btcliberty101

I thinks it is but not with credit. With loans, you can have Let's say 35k and you buy 1 bitcoin. You have interest and a payment per month. With the money getting devalued, it will become easier to repay that dept. If you take you loans for 10 years for exemple, you will pay maybe half of 35k of interest. BUT what will be the price of bitcoin in 10 years? My guess us pretty high, like minimum 500k. SO i think it's worth it because i don't mind paying ~55k on a 10 years basis for having a return of 500k. Now, it depends on what your risk tolerence is and how hard you believed on bitcoin. For me, it is the only things I believe in.

shittybtcmemes

SO the real question here is why would you guys wait ?

maynardstaint

Lol. You’re SO ignorant. they buy the Btc. They sell the etf. They MUST hold the Btc in trust. It’s ok. You’re just wrong.

Historical_Tell_8869

I don’t really understand this concept thrn. I thought (naively?) Reddit was a multi topic chat source where you could go to do the exact thing this person is doing, asking the so called experts on the various topics for some basic friendly advice. It didn’t seem like a hard line question ti me where they wanted a black and white answer if ‘Keoo 457 in fiat and buy the rest in btc. When you day DO YOUR OWN research that’s a super overwhelming task ti tackle, I’m almost 50 and a charge nurse in emergency, meaning not daft or slow on the uptake if concepts but this is especially daunting since there are SO many sources to get said research from that this source feels like the most friendly, and honest since the answers are coming from regular people not financial advisors who would have a much different stance. Of course you shouldn’t spend all your money on something you could lose but common, the way crypto is ramped up its way too tempting to not buy a tiny slice of the money pie in the iff chance you could fluke out and make a good east profit. If the questions annoy you why not just NOT answer? Or refer to said ‘beginner’ chat in the first place versus making someone feel dumb for doing the exact thing every one of you did when you first started. Typing in caps and saying it’s not appropriate to ask such questions how would a person even know THAT until they were informed? This is a massive pool of overlapping details and it’s hard to decipher where exactly to land your question. I honestly just watched the doc on the GameStop and heard how people raves about Reddit and how tight it is as far as being a community and helpful but all I’m seeing is more of these kind of answers. It makes me afraid to ask anything yet it’s the equivalent of you coming into my area of expertise and asking me basic questions about medications or something I see as super simple not that I’ve been working for 20 years at it but back in the beginning I had no clue. Is there some kind of Reddit etiquette that a person is supposed to read so they don’t piss people off so easily by being an average human and making a simple mistake? Honest question unless the reality is people with more experience are jerky and have no time or patience for the newbies?

heal_thyself_

It's an honest question. I own what's probably considered allot of GBTC in retirement account and decent amount of BTC in cold storage. If I'm being honest, I'm probably trying to hold the actual BTC because selling it will have tax implications, whereas I can trade out of GBTC fairly easily with 0 tax implications. I knew I should have sold my GBTC in Oct-Nov of 2021 but I was waiting for 120k BTC price. SO I was left holding through the bear market and the huge discount bullshit and only now am I approaching break even there in my GBTC holdings. I'm absolutely looking to offload some of this GBTC in 2025 when we expect the bull market. I was thinking of DCA'ing out over 2025 as an option, that way I don't need to time anything perfectly. In contrast to everyone else who seems to be snake bitten from this last bull market and bear market, I'm a moon boy. I think you will hear "super cycle" allot in 2025 as the price of BTC goes 5-10x the April 2024 halving price well into the 2025 bull market. Not only that, I think if BTC price is higher at the time of the halving (think 60k-100k), you will see an even BIGGER multiplier for the bull market. To understand why, you need to understand the FOMO that will occur. I like to now say "only 3 things in life are certain: death, taxes, and FOMO". Consider this. While many of us could be facing the question of "do we sell for life changing money" as bitcoin may approach numbers like 200k, 300k, 400k. The other side of the equation could have a perfect storm brewing. An ETF, pressure from blackrock and fidelity to the old timers who want BTC exposure. As BTC goes to 200k, 300k, 400k, the million dollar question is going to be getting asked on the airwaves. Not only that, you could have Fidelity, Blackrock, Grayscale, Ark, fighting over the limited bitcoin supply for their ETFs. The FOMO could be sexual and violent. But keep in mind, what goes up will come down. Bitcoin will keep doing what bitcoin does. If I'm being honest, and I may be alone but I personally think BTC could hit 1m USD in 2025, I'd have to consider selling my cold storage bitcoin even with the tax implications. This would be with the intention of DCA'ing back in in 2026/2027/2028.

benditbackwards

Yes excuse you! I like how you just dismiss the issue of the gravity well, "Granted those mining units aren't in outer space but you can see where this may be headed." Hey I'm I'm as optimistic and bullish about bitcoin like the next guy, but when you SEEM to imply that mining excess renewable resources here on earth, to mining bitcoin with solar in space is just a small step difference; this is the same bullshit disillusion spread by SpaceX about putting humans on Mars. Ain't gonna happen, because of the gravity well, the amount of energy / cost you have to expend to push stuff up into orbit you are losing from the get go. The only reason SpaceX is launching satellites into LOE, is 1) they keep falling from the sky 2) They are heavily subsidized! SO if you want to launch bitcoin miners AND the solar equipment to power these miners.. remember, each S19 consumes ALOT of watts, that means ALOT of solar panels, which means weight which means costs! Who is going to subsidize those costs?? Not to mention if you are in LOE these things will be falling out of orbit on a regular basis.. something SpaceX doesn't seem to readily admit, also your bitcoin miners will be consuming a much larger foot print in space, you'll have all the sky watchers complaining to you about visual pollution. All those links you sent here.. I don't see any ACTUAL hardware, it costs very little to make computer graphics.. computer graphics don't prove anything! Spacebelt, spacechain.. all just pie in the sky, bullshit projects that will NEVER happen, because economics.. Remember we are trying to put an end to all this nonsense money printing and get back to sound money. Sound money will NOT green light useless, profitless projects like what you are proposing... sorry to burst yer bubble

Kumomax1911

It's just software. Software that an entire global digital financial system depends on. Software that's sort of turning into an Internet when you consider the infinite number of layer 2's and side chains. It'll always need upgrades, and those upgrades or "changes" will continue to be shipped if this software wants to stay relevant. We already have SO MUCH to improve when you consider scalability, data availability, sharding, storage, baked in stake delegation, and even privacy through ZK proofs or optional private pools based on ZK proofs. Just wait until Blobs is all people can talk about, and this wouldn't be possible unless Ethereum continues to change. There is definitely no end in sight for Ethereum's roadmap. This isn't Bitcoin. It isn't trying to simply be a store of value. Something Bitcoin has already perfected. It's software that adapts to always changing financial needs, and that makes Ethereum awesome!

Mudb0ne_jr

I just got off jail and all I hear is bitcoin is freedom from everyone. I have no type of bank account I’m not even allowed to open after serving time. I CAN A GOOD Samaritan HELP ME SO THE FREEDOM??? I just created wallet. Any amount is a blessing ❤️❤️❤️. #BTCFORLIFE. 1Ma2qkj6XXbrcXStMNTjroRkbFoqpLXgdL

Impressive-Horse

Nothing like the euphoria of a good old fashioned Bitcoin rally. WE'RE SO BACK!

Master-Piccolo-4588

Crypto rises when marginal capital inflow into the markets are happening. You cannot foresee this. Nice try of MS, but they are talking BS because all of them came SO late to the table during the pandemic with all the compliance and governance measures which had to be taken first that they now talk about a new bullrun so that they can harvest on their huge investments made. Bad enough. Not gonna happen.

codece

Yeah I'm not sure but I think the time period is part of the issue, it's only an 8 year window. Also I know that the most expensive part of egg production is by far the cost of chicken feed, it's like 40-50% of the cost. The top two components of chicken feed are corn and soybean meal, and corn and soybean farmers are the two largest recipients of federal farm subsidies in the US. SO, if the majority of your costs can remain steady, even if artificially so thanks to government subsidies, I'd guess you'd have a better shot of resisting inflation.

DaddyDarko87

THATS FUCKING BULLSHIT IM SO FUCKING PISSED. $0.04 fucking a MOONS!? FUCK Reddit. First my fuckin coins, now my MOONS, just so these greedy cunts can rerelease “gold”!?!?!!?

kellnoidiii

Shut up beta soldier scammer. You SO knows enough to mine, but didn't tell you what kind of miners they are? Now you sold them on the phone to a friend? Lol.