FAR

pr0b0ner

Coinbase is FAR AND AWAY the most trustworthy on/off ramp and trading platform for crypto. They are the only one that's publicly traded and actually regulated by the SEC. How people throw personal info and money onto these fly by night exchanges is beyond me.

dvsbyknight

If the main goal is green energy & sustainability then sure, possibly a good plan. Have at it. However, if the main goal was profit, then you would almost certainly be better off simply buying btc with the $485k. The ROI on that would FAR outpace the returns from mining btc with cheap electricity. $485k would buy you about 7.71 btc right now. How long do you you think it would take for your miners to generate that much btc if the price of btc continues it's prior rate of growth? Also, if mining difficulty continues to increase and your mining hardware becomes obsolete every few years & you're forced to sink more cost into infrastructure? I say all this from experience. Everyone I've ever known that has tried mining, including myself, has said the same thing thing. We wish we would've just bought bitcoin with the money we spent.

AllCapNoBrake

I'm cool with no war. I'm also cool with FAR fewer people on the planet.

godofleet

And in time, all of those banks will collapse because they will inevitably gamble customer's money.... Imagine a run on the bank for bitcoin... The bank can't go to a central bank and have more money printed to bail them out... People will lose their life savings and eventually after decades or centuries of this, everyone will agree/accept that the only safe way to store your sats is to store them yourself or maybe in federations or some other shenanigans that we haven't' thought of yet. At the end of the day bitcoin is already FAR easier to use effectively than various other things every adult does with their money... If you're scared of it it's only because you don't understand it yet.

bailtail

Unfortunately, the corrupt, senile fool is by FAR the lesser of two evils.

Daisyssssmom

You have zero bitcoin SO FAR

TexasBoyz-713

Smart people: **BOUGHT IN 2022 AND ARE CURRENTLY FAR IN PROFITS**

Chytrik

The amount of bitcoin lost on exchanges that were considered ‘reputable’ is FAR larger than the amount lost due to user error with self custody. History paints that picture extremely clearly. Education to make sure you follow best practices for self custody is of course important, and it honestly isn’t that hard to do. Is there less risk with certain custodians now than ten years ago? Sure. Is there no risk? *Absolutely not.* Not even close. No way at all.

PartBobPartRick

Let’s hope they are putting more money into their lobbying. We need Crypto regulatory clarity the overreach from the SEC has gone TOO FAR

Smooth_Pianist485

Yes you will pay a fee to move your coins to your hardware wallet address, but the benefits FAR outweigh the negatives. Since you plan to hold for up to 5 years, I would DEFINITELY recommend a hardware wallet. In that amount of time you will see the entire industry change and turn over. Lenders will rise and fall. Exchanges will rise and fall. But your bitcoin will be safe and secure and growing in value. Don’t get distracted by the shiny appeal of 6.5% yield. It ain’t worth it. The Blockstream Jade is cost effective, it’s bitcoin only which makes it more secure, and it’s incredibly easy to set up and use. I highly recommend looking into it!

iraqvetx2009

bro you got like a few grand, it's FAR from "fuck you" money and always will be

Medium9

Oh I hear you. The lingo of the finance bubble kept me from going anywhere near it for the longest time as well. Especially since if you look up or ask for terms to be explaind, you just end up with 5-50 new acronyms and words that need explaining - any everyone for whom that lingo comes natural due to years of immerson just shits on you. Many fields "do" this gatekeepy type of thing (often not even intentionally), since it's just useful to have shorthands and special terms for complex things amongst your peers. But especially in the finance world, it seemed *really* hard to find actually useful and especially non-condescending answers. I am now still FAR from being "literate" and most of what is talked about in subs like r/finance sounds like broken Klingon to me, but at least I think I've gotten deep enough to understand ETFs well enough to dip my toes in. Had some crumbs of BTC since the rush a few years ago before actually understanding most of it, but was lucky and at some point able to pull out what I put in (because I needed it) at pretty much the exact time it had doubled. Left the rest as "play money" and just see what the future brings =) It's a really difficult field to break into, especially if you don't have the spare time to study it with some intensity, but still have savings you want to at least protect from inflation losses down the line.

JerryLeeDog

You will literally have no clue when to sell. Most will sell and watch it double again, or wait too long and panic sell on the way down only to watch it rebound and make them buy in higher, ten probably panic sell lower again, then buy higher again. And now with the ETFs, good fucking luck timing anything Buying and selling BTC is a fools errand. The people who have just held have done better BY FAR. Just look at a 10 year chart and ask yourself if you'd be ok to set it and forget it. After the first cycle you go though it literally wont matter. You will be very happy.

ResponsibleTooth8291

Spoken like a true libertariantard who has no fuckin clue just how many hard core lefty Bitcoiners there are. We FAR, FAR outnumber you. Suggest you read some Jason Maier

FidgetyRat

Miners migrate to where there is profit, they don’t care what is a good crypto and what isn’t. Just look at Kaspa, Raven etc, both FAR inferior to Ergo.

Clear-Job1722

I swear to god. Ive seen this exact post so many times in this subreddit. Its so annoying. Yes i could mute it but theres also sometimes some smart people. I enjoy this subreddit but these fresh bitcoin people are SO FAR BEHIND.

jarviez

I'm not saying I would move there. The American system is BY FAR better All. Saying is the CCP is more honest They straight up tell you that you don't own the land. In America although we allow more freedom of thought and believe it's a fiction for you to think you own land here. I'd still rather be in America.

bananaholster3

its 7% and SO FAR altcoins down 12% thats not normal and dont say its not correlated when its obvious

Prestigious_Long777

Reported inflation 2021 -> 2023 was ~10%. But the USD printed ? FAR MORE. Not sure on the exact number but 40-70% of all USD in circulation was printed in the past few years. The ATH adjusted for actual inflation would be closer to ~140k USD. The dollar is down to below 1% of its value compared to 1970. Bitcoin is only up like infinite % since 2009.

pushdose

I hold a significant portion of savings in BTC but I can tell you, clearing all my debts and becoming truly financially secure is BY FAR a better feeling than having some investments and savings but being saddled with debt. I hold no notes on my house, cars, and I have zero revolving debt and my financial stress is next to zero. Investing is great, but stress can actually cause health problems. If you’re not healthy, why save money? Now I’m free to use my money for my future, not having my past decisions causing me stress.

CBD4Coins

I was running a CBD for crypto business for a few months just posting to crypto subreddits, and monero was the most popular payment method people chose Y FAR. 2nd was doge lol

torvaman

cant find a single reliable source to back up that the US is using cardano to secure it's elections. Like it looks like spam from all the sources posting with the exact same title. Optim Finance wow! That gargantuan $10 million of TVL it secures, maybe one day itll pass the protocol on ethereum called stafi that has $11 million locked which currently is ranked...163rd! Wow! world moble token what the hell is this? they said they work with Starlink and that's supposed to mean some world shattering partnership? They probably pay for their services and i dont see anywhere that mentions musk or musk mentioning them. In fact, the only evidence i can find is a weird conspiracy site that is comparing photos of a car's sun roof to a car in a parking lot that might be near a satellite. WTF You are one of the shills on this website that's people burnt, everything you've cited, trying pass as knowledgeable, is hardly being used, is reported by sketchy sources, or wrong. Im actually not convinced youre not a bot because no human would actually believe this shit. Let me know what else youre buying so i can far FAR away from it.

BingBingYoureDead

None of this is accurate. >The US is a small part of the world and most countries of the world don't have taxes on spending crypto. I didn't specify the US which incidentally isn't that small. The taxed crypto world BY FAR outweighs the small humber of places which for now remain untaxed. Most of the people here are in a taxed area. This alone is beyond a massive barrier to entry. Hell I'm not even in the US. You're ignoring a MASSIVE problem here. A complete show stopper.  >Instant tx Wasn't talking about transaction speed, don't care whatsoever about that. Was talking about how long it takes a person to continually acquire, transfer, secure and finally spend. It's full circle, just use the damn money you started with instead. The whole required lengthy time consuming process. Versus say, just pulling a card or cash out of my wallet. >self-custodial. Needs education for save storage, but is already much safer than many inflating local currencies. Didn't mention custodial issues, and frankly, sorry, but no one cares much about the "self" aspect, outside of a handful. I'm fact most would consider that a big con on its own.  Education is absolutely needed though, yes, a whole hell of a lot of it, and you'll have to always stay on top of it too - all just to undertstand, safely handle, and to use crypto at a given time. For no real gain, only additional bonus risk and effort. Why bother?  >easier needs some work. But wallets are getting better. It is likely that trusting a custodian will always be "easier"  Wasn't talking about wallets. Was talking about the many complexities surrounding crypto. And how unnecessary it all is, there are far easier ways to spend my money.  >cheaper. Sub cent fees is really inexpensive and viable for most parts of the world Fees to transfer. Fees to acquire. Fees to spend. Forget the bonus volatility aspect that could also cost me dearly. Purchasing power is a total crap shoot, at best.  No one is buying into this use case, with reason. I've tried it, I know first hand exactly how this all works. Again, it's gotta be faster, more secure, easier, safer, and cheaper than already available merhods. None of which it is, not for the user. This is a fun niche way to try something strange and new out. But it's far from an actual usable scenario. This much is quite obvious.

Novel_Durian_1805

You spent $569K….SO FAR! $1 million soon! 😝

klgnew98

It's a model that Bitcoin has followed SO FAR. If you plot the price on the y-axis logarithmically and plot the time from the origin block on the x-axis logarithmically, you get what is more or less a straight price channel. Assuming the price follows this trend, you can find good buy-in and exit points and predict the maximum and minimum btc prices at a given time. There is also no guarantee that btc will CONTINUE to follow this model.

adcool95

If solana is technically full of problems, then what is Eth? Hate all you want, but the UX is FAR better on Sol than Eth. Hence the usage spike

explosiveplacard

As a software dev that pulled the code in the early(ish) days to have a look, I can assure you the code was FAR from perfect. You could tell that whoever wrote the first pass was not a full time coder. Either that, or they went out of their way to make it look like the were novice.

mossyskeleton

That's $5k USD you've got there that might find better use deployed toward something less obscure... (i.e. literally anything else) just sayin. ninja edit: I was going to leave it at that. But let me just say: I just finished the process of selling my moons a few minutes ago, and it took me like 45 minutes to jump through all of the hoops. I've been doing crypto stuff for like 10 years now. It was a ridiculous process. If you think that moons are going to hold value against other shitcoins that are FAR EASIER to deal with (once again, literally anything else), then more power to you. But my advice is to SELL THAT SHIT while the price is good. Now. Then buy something better and hold that. It's free money.

AtrocitasInterfector

that is FAR too often, once a month is ok to see if there are dips to buy, but really no need to watch it at all unless you are trying to time the market which in the long run never works

throwawaysnitch4cash

Exactly. 100K a year from a remote job in a developing nation will go SUPER FAR. That's like 300-400K in a country like the Philippines, for example. You can buy a 2 story 4bed 3bath home in Dominican Republic EACH YEAR with that kind of money. If someone can do remote work and make that kind of money, they could live like a fucking king in many parts of the world.

androidsheep92

Because it’s not guaranteed. I have hundreds of thousands unrealized from selling too early plenty of times, and I also have a FAR greater percentage of buys that just went to dust within days or weeks.

joemamma2

He's not an idiot, he's just stubborn and afraid. What if I told you there are FAR more people like him out there than people like us? Are all of them idiots because they refuse to believe too? Likely not. Even you have to agree that Bitcoin, and most crypto, requires a complete change in thinking. I don't care if it's laid out by the almighty Saylor, there is still an element of "to heck with it, let it fly". That's a mental hurdle for some. Let them be them, when it's their time, they'll come around

RiffraffRA

It's by FAR the best ETH L2, soon to be multinetwork L3 🤫

_not_quite_there_yet

Being rich makes it FAR easier to take risks. If I risk £1K to make £10K, I go hungry. If you're rich and you risk £10K to make £100K, that's a funny anecdote while you wait for the server to come and take your order.

Human-Key-7984

That's a very fair point. But I'd argue two things here, first, Bitcoin will eventually allow them to be FAR better off than they were pre-Bitcoin. Second to the point of not becoming wealthy, I do think that being an early adopter and making it legal tender at such an early time has an advantage of being able to build infrastructure, having a population that is used to Bitcoin as a currency/store of value, generating additional income (taxes) in Bitcoin, and attracting foreign investments from Bitcoin enthusiasts (individuals as well as companies), will make a difference.

MostBoringStan

Trust wallet is a closed source wallet. Never trust a closed source wallet because you don't know what kind of code is in there. There are multiple open source wallets to choose from. If you have thousands, it's time for a hardware wallet. You can get one for under $100 and be FAR safer.

Frogeyedpeas

the ratio of latest BTC\_all\_Time\_High/Previous\_All\_time\_high has been decreasing wtih EVERY cycle. This most recent cycle it was a little north of 3. Meaning BTC only TRIPLED in price compared to the previous all time high. To put it bluntly, once BTC hits it all time high a steadily decreasing percentage of capital relative to BTC market cap wants to invest in it. Now with ETFs will we see a different thing? Maybe. But when we say things like "When it goes parabolic this time" the trend SO FAR has been for it to be less than parabolic than it was last time.

ElDubardo

[Latest study shows that investing 100% in Equity is better no matter how far you are from retirement](https://www.youtube.com/watch?v=JlgMSDYnT2o). We are still FAR from general adoption of crypto. We're 1 crash away from full on adoption (aka 2008). The AI bubble burster that is coming within the next 6 years will do that.

strepac

There was already a comprehensive study showing that the banking system already in existence uses FAR more energy than bitcoin does, and in comparison if the world's economies all switched to crypto over fiat the global energy usage would go down significantly, although at the cost of MANY jobs in the banking industry which would almost disappear overnight. 🤔 Almost like the banks are lobbying for corrupt attacks against a superior technology, against the interests of society and the planet, in the interest of continuing to have control over the economy, as well as exist at all.

Ziegler517

Forget the banks, EV vehicle charging is pulling FAR MORE energy and load on the infrastructure than mining. And the administration is pushing that harder than ever.

bmanzzs

As someone who has tried DeFi on Ethereum, Polygon, Arbitrum, Optimism, Fantom, and finally Solana, I can safely say that Solana is the best and easiest experience BY FAR, followed by Fantom (cuz EVM non L2), Polygon was OK too, then Arbitrum and Optimism were horrible to interact with. Of course Ethereum was worst by a lot. Failed transactions left and right, gas fees over $10, waiting for transaction to get cancelled, attempting to "speed up" a transaction by sacrificing another 10 in gas fees. The chain felt almost unusable.

WNC_Hikestrong

Most degens want something that is cheap, fast, and easy to use. Solana fits that bill FAR better than eth. End of story. Thanks for playing.

Lazy-Entrepreneur-85

Love it! JPM Chase led by that POS Jamie Dimon. He’s been pushing the “Bitcoin used for nefarious things” for FAR too long. Mark my words, he will become a BTC bull just like that rat bastard Larry Fink.

brianddk

Basically, Read the Manual. The manuals for Ledger, Trezor, and Coldcard spell most of this stuff out already. If you read all through you will be FAR more conscious of security than most redditors.

3-ide-Raven

I asked them “are we going to have to meet every time I make a withdraw? Because I have a lot more to withdraw”. I asked if there was something I should do differently. They said definitely not NOT do a bunch of smaller withdraws because intentionally trying to fly under the SAR reporting requirements looks FAR more suspicious than what I did. Last point is that I should not have met them without an attorney present. My thing was that I wasn’t guilty of anything and I have a pretty good understanding of my rights and how to handle law enforcement, but for those who don’t, it would be pretty easy to get tripped up on their tactics and find yourself in hot water.

DistinguishedJB

Treat Bitcoin like a far far FAR better savings account. Don’t you care how much u put into your savings account at a given time?

systembreaker

Why will it be so expensive? The gains from quantum computers would far FAR outweigh their costs, even if they're hyper expensive. You could offer services like solving massive optimization problems like calculating the most efficient flight plans for the entire airline industry instead of just estimating it, or use them to host a mega neutral network for powerful AI that could then be used for things like designing new molecules for specific purposes such as medicine.

KurtiZ_TSW

DOT is the only altcoin worth looking at because they are actually decentralized in a comparable way to Bitcoin. At least, FAR more than any other altcoin. They are classed as a software, not a security, and have open governance - the protocol is complete run by the people.

DaveFinn

No problem. Sry your post got deleted even though you were asking for clarity. Let me know if you got more questions and I'll do what I can (I'm FAR from expert)

lordsamadhi

It's very different this time. In 2021, there was a lot of paper Bitcoin and most people were holding on exchanges. Today, the number of people self-custodying Bitcoin is 100x times higher. People learned to move their Bitcoin to cold-storage, and self custody is even easier today than it was in 2021. Even though people buying ETF's is not self-custody from their perspective, it is certainly more solid sitting in the vaults of these ETF's than in SBF's personal wallet. The Bitcoin isn't going to move from there. TLDR: Bitcoin at 50k today is FAR more stable and organic than Bitcoin at 50k in 2021. It has more staying power.

poorbobsarmy

No better time than now, as long as we aren't at all time highs. Don't try to guess when to enter, just start entering below previous bull run highs, and don't feel bad if it goes down, just wait until the bull run and be glad you don't have to decide to enter when your friends start asking you. Re: portfolio, the more you go down the list, the higher the risk but lower rewards, generally speaking. I've FAR outperformed btc over the years with my non-trading stack just by buying and holding the up and coming coins going into bull runs, so neo in 2017, eth in 2020, sol in 2023. Still think Sol has a long way to go but it's more risk for sure. One thing to note though is that there are usually top 10 coins that stick around to a cycle and drastically underperform. That has been xrp until now, and personally I think it's a dogshit coin since it's use case was banking basically and by now it isn't even more integrated than other options, so I wouldnt hold it. But that's just my opinion, can't really go that wrong with your portfolio imo It's of course an option to only hold btc, but it's the lowest returns so if you only hold it, better make peace with that

CapablePiglet1044

Why does the price dropping also impact network security? Also i get what you’re saying about people joining the biggest network, but only if the network is the best. For instance technically ‘the dollar’ is the biggest monetary network right now BY FAR. If you’re right about people joining the largest network just because its the largest then people should be flocking to the dollar. Therefore I don’t think its just as simple as ‘biggest network wins’, i think its more a case-by-case of which network has the best tech, and that may not always be bitcoin. Also, with your positive-feedback loop, implies a negative feedback loop whereby the price dropping and people leaving will cause more and more people to leave until bitcoin ultimately dies.

DiscoverCrypto_org

Oh geez. If you're new to this space, PLEASE. DO. NOT. FALL. FOR. THIS. SCAM. I won't say this about many projects, but HEX is just a complete and utter ponzi scheme with a thief of a founder. Stay FAR AWAY. Keep in mind, this reddit poster above (Drmotley2) spelled Ethereum "etherium." Not to be mean, but that may represent just how much this guy knows about crypto. Sorry, when someone recommends HEX, I HAVE to try to protect people from this.

ResponsibleTooth8291

Being extremely progressive in no way conflicts with the Bitcoin ethos. Its about changing the incentives to improve the world. Progressives in principle are FAR more aligned with what Bitcoin is all about than any of the politicians in the modern republican party, which at best wants to continue the trend of wealth concentration for the powerful elite 0.1% and at worst are essentially simping for an authoritarian dictator. Just because some prominent politicians who "claim" to be progressive also hate on Bitcoin doesn't mean 1) that I support them, 2) would ever vote for them, or 3) that they actually represent the progressive platform. It is worth remembering that Bitcoin, the Cypherpunks, and the modern progressive movement were all born out of the GFC and have common origins, alignment to and affinity with the Occupy Wallstreet movement. There are MANY notable progressive Bitcoiners who are among the most intelligent voices in the whole space: e.g., Margot Paez and Jason Maier. In fact, Jason Maier's book should be required reading for ALL Bitcoiners across the political spectrum. Amongst the no-coiner public, modern progressives are FAR more primed for orange pilling than just about anyone else. Problem is no one knows how to get through to them. And a bunch of right-wing and libertarian nutters bashing and hating on them as "woke" certainly doesn't help - especially when you can't even define the fucking word.

EGarrett

> no its not a strawman its all you guys ever do > > meanwhile the US economy remains the largest economy by GDP, the largest equity market BY FAR, and one of the most stable and regulated markets on the planet There is a positive relationship between a country's place on the economic freedom index and its GDP growth. >but im supposed to throw all my money into a speculative asset You shouldn't put a dime into any type of investment because you know nothing whatsoever about money, entrepreneurship, economics, stocks, monetary policy, or cryptocurrency. >i didnt read your reply You did and you saw things that were beyond your capability of responding to. So you tried to hide in ignorance. Now get the f--k away from me.

Impossible_Buglar

no its not a strawman its all you guys ever do meanwhile the US economy remains the largest economy by GDP, the largest equity market BY FAR, and one of the most stable and regulated markets on the planet but im supposed to throw all my money into a speculative asset because boohoo the US government the real evil! its pathetic stuff. i didnt read your reply btw im not interested in your conspiracy theories.

Self_Blumpkin

I should have been more specific. I know 51% isn’t a magical number. It’s the minimum needed to even start thinking about attacking. It would be FAR more damaging at like 75%, for example. I really do appreciate your input and knowledge here. It seems that I am mis-remembering a lot of how a 51% attack can be effective. I was reading about this back in 2013 when ASICs were coming onto the scene. I was a button click away from being completely scammed by butterfly labs lol. I told my father about bitcoin on a golf trip that we go on annually and I told him that if we’re going to get in, it has to be now. The coin price at the time was somewhere in the 60-80 dollar range. We were going to drop 15 grand on either a BFL ASIC (I was mining with GPUs and CPUs from 2011 to 2013. I didn’t have the faith back then, so BTC was a way for me to acquire things on the dark web. We eventually bought the coins. A fuck load of them. We made out very well but those coins didn’t make it past 2015 unfortunately. You live you learn. Again, thanks for having a rational discussion with someone who was mistaken and not calling me an idiot, dumbass, etc. conversations like this are rare on Reddit these days lol.

CrazyTillItHurts

PoS is an explicitly functioning the-rich-get-richer system. Flat out. PoW is more like old people buying lottery tickets. Luck is a huge part of the coin distribution, so while those with more money *can potentially* mine more Bitcoin than the poors, it is FAR from a guarantee, unlike PoS

Dank_Hank79

Before ETFs, people lined up to pay 2-3+% in annual management fees for mutual funds that would underperform the market and only return 5-6% annually. I'm not sweating the <1% fees on a Bitcoin ETF that has FAR more upside for the sake of being able to hold a bunch in my TFSA. As Bitcoin ETFs grow in popularity over time, the fees will get even lower due to competition- eventually Bitcoin ETFs will have the same low fees as other popular broad market ETFs: 0.1-0.2%.

StrivingPlusThriving

In cracking a seed, occurrences are independent and identically distributed, therefore more tries doesn't equal higher probabilities. Given the search space, it would be FAR more profitable and efficient to mine Bitcoin with that processing power. Check example 1 in the Wikipedia link. If you were right, it's more likely that casinos would go bankrupt during high traffic table times. They don't though. They profit more.

Starks-Technology

100% agreed. I was downvoted to hell when I called out the delusions that are paraded on this sub. You are FAR less likely to lose your crypto on Coinbase and Robinhood (which are audited REGULARLY) than you are on defi or a cold wallet.

Any-Comb4685

For 90% of people using Coinbase will be the way they go. Managing a hard wallet, having to know a secret words for restoration, understanding how crypto works is all FAR above their heads. For Bitcoin and crypto to be mainstream it needs an easy way of adoption and a 80 old grandma could understand.

ElDiabloRamon

The funny thing is - you never hear those same complainers talk about google / microsoft / amazon data cloud farms that these miners host on. The BY FAR consume million times more power than mining any bitcoin. Their whole argument is a big joke.

LeftJayed

Great example! Even with China's surveillance state that extends FAR beyond just their CBDC rollout they've failed miserably at stop their citizens from trading crypto. [https://www.wsj.com/articles/crypto-is-illegal-in-china-binance-does-90-billion-of-business-there-anyway-2a0af975](https://www.wsj.com/articles/crypto-is-illegal-in-china-binance-does-90-billion-of-business-there-anyway-2a0af975)

Sul_Haren

Trump has done FAR more bombings and drone strikes than Biden.

vinibarbosa

I don't dislike Litecoin. Definitely better than BTC. Nano is not proof-of-stake, in the usual definition of PoS. Nano has no staking. There is also no pre-mine on nano, because nano has no mining. You can't "pre-something" that doesn't exist. It's another system and must be evaluated accordingly. Yes, I love how LTC is well-adopted. Nano is also conquering some organic adoption in the past years and is more recent than Litecoin, so there is that. Nano is not a centralized shitcoin. FWIW, nano's consensus is FAR MORE DECENTRALIZED than litecoin's, but I'm not trying to make comparisons here.

TheBuff66

If I've learned anything, when everybody starts talking about a coin stay FAR away. Every single time the coin in question tanks. Maybe it sees a brief rise, but then it's a body slam to the bottom. And I actually have LTC and therefore want it to do well

ImmediateShape4204

"Performing like garbage"? Yet it's up 150% vs its low in the bear... And it did not drop as much as SOL or others ALTS in the bear... I don't think anybody smart thought ETH was dead... Especially when you so the sheer amount of capital and development going on its L1 and its many L2s. There us way more venture capital invested in Ethereum L2s than SOL or any other alt for that matter ETH/BTC is sky rocketing. Usually when that happens it can go parabolic pretty fast... In the last 2 bullmarkets, ETH/BTC went crazy on a period of 2-3 months where it eclipsed BY FAR any BTC gains. I want to hold ETH when that happens. Might converts some to BTC if the ratio gets close to last bullmarket peak, until then its ETH all the way for me.

Correct-Log5525

Lightning Network is not failing.. I use it frequently and there are TONS of companies (Lightspark, Strike, etc.) that are building on it. The idea it doesn't work is an altcoin narrative. Although false, it makes sense that this narrative would be spread because Lightning obliterates the use cases of many altcoins Also liquid is another L2 that is exploding in use.. especially with the new Aqua Wallet Inscriptions/Ordinals haven't broken Bitcoin, that's another altcoin narrative.. before it was "fees are too low, Bitcoin will lose its security budget".. now it's "fees are too high, people have to pay too much".. and yet Bitcoin keeps chugging along, it's all noise You seem fixated on the "tech" aspect and that somehow Bitcoin could be overtaken as money but then use Apple and Myspace as examples. The reason Apple is dominant is because it has network effect over its competitors (in the US at least).. Bitcoin's network effects are FAR more dominant compared to its peers than Apples are. Myspace had basically no network effects at play when it was overtaken by FB.. Bitcoin is the hardest money and the hardest money always wins. Ethereum and Solana will certainly be valuable platforms for smart contracts and development but they will never be money.. money is a $200T market, far bigger than the markets ETH and SOL are going after

jonnytitanx

Maybe try: "Kraken is my favourite exchange by FAR! Where's my money?"

Dettol-tasting-menu

In the old days when it wasn’t so valuable, people just threw bitcoin around and send them and forget about them. These days I’d say FAR less lost coins. Just look at how everyone asks about hardware wallets here.

Tropic_Tsunder

Yep. I expect Bitcoin to hit 100k. So within that expectation, I want it to stay as FAR from 100k for AS LONG AS POSSIBLE before it gets to 100k. If Bitcoin dipped to 1$ before going to 100k in a year, i could retire. But ‘unfortunately’ it only dipped to 42k so I ONLY got to DCA at a better price this week and dump a bit of extra money on it during the sale. Sounds like a win to me.

Great_Can3252

Facts are true and undisputable by nature, and what Biden has allowed to happen at our southern border is FAR WORSE than anything that the Republicans have done to this country in the last decade. Therefore you do not speak facts. You're just speaking out of fear, which is evident with the name calling.

JasonMeyers

JP was named in two other amendments so far. SEC is now examining the agreements with those two sponsors. Why didn’t Grayscale also disclose JP if they were retained? Are they choosing another AP? Is there a problem with another AP? Why was JP chosen by Blackrock? Why after all this time in registration and litigation on a matter related to a summary denial is it taking so long to finalize and disclose the existence and nature of the retention of an AP? Are you aware that ETFs are required to execute order ONLY through Prime Execution contracts? Are you also aware that Shared Surveillance Agreements were the main bottleneck for SEC to consider declaring a registration statement effective and that it required a new rule to be adopted by SEC to deal with monitoring potential price manipulation in light of a lack of order handling rules on exchanges that trade Bitcoin because NONE of them are 34 Act registered or exempt or CFTC registered or monitored? WHY IS JP MORGAN A CONSTANT NAMED AUTHORIZED PARTICIPANT IN ALL AMENDMENTS BY ALL SPONSORS SO FAR ? WHY? Can YOU answer ANY of these questions?

FordPrefect343

Obtaining 32 eth is not more difficult to obtain for the layman. Have you ever actually owned an ant miner? A BTC miner is going to run 5-10k upfront, then it will consume 30amps and is loud as fuck while generating tons of heat The "layman" would need to install two additional 15 amp breakers, run that lower to the room in question, get the outlets installed, then install a vent for the heat, while also putting up with the excessive noise. That means in addition to dropping around 10k just to start, they have additional installation costs and have to sacrifice a room in their home. Constantly consuming 30 amp will also drive your power bill up by about $350 a month. So, the upfront cost of staking is higher. However you don't need to dedicate a room in your home to it, which is completely impossible for many many folks. You don't need to upgrade hardware or deal with a massive power bill every month to keep your Validator running either. Staking with ETH is FAR more accessible than mining with BTC. If you don't think that's true you obviously haven't mined before.

Correct-Log5525

It has everything to do with the topic.. these are the main investment vectors for institutions in the US and the data shows Bitcoin is in FAR more demand than ETH

Correct-Log5525

That original statement is technically false but in all reality is fairly true.. institutional interest in ETH is FAR less than in BTC.. this isn't debatable

_TheWolfOfWalmart_

It's also determined by demand as an external force. Only the supply is an internal force that is mathematically predetermined. SO FAR, the demand has basically followed the same course every 4 years. We'll see what the future brings, but it may not be as simple as you're saying forever.

BrighamReincarnated

I hold a bunch of LTC and deeply regret it. By FAR my worse crypto investment. Been waiting for the right time to convert it to BTC - the only reason I'm holding out is that I hope it can catch some of this recent moment and have a bit of a pump so I can maximize the exchange. Am I being stupid?

Osmosith

Cosmos Hub Atom ecosystem by FAR

BobBats

TVL is a bad metric for a lot of reasons. I’m a long term eth bull but I have actually gone over to Solana and used the apps, wallets, dex’s etc. Guess what, it’s FAR SUPERIOR to the ethereum experience. People like myself are waking up to that fact. I sold some of my eth for sol two weeks ago. The subsequent price action had made my sol bag equal to my eth bag. I do not plan on rebalancing that allocation.

SmilingWithFear

[bitcoin.de](https://bitcoin.de) Best exchange BY FAR here in Germany. VERY trusted. You can´t go wrong with them. Also withdrawals are very cheap compared with other exchanges, it depends on the mempool at the moment.

Orly5757

It was a forced HODL. A lot of those people would have sold FAR cheaper.

UzItOrLuzIt

It's nice to be confident in life, but I highly suggest you at least buy a little just in case you are wrong. The risks of being wrong FAR outweigh the risks of being right. Unless of course you've never been wrong before...

panduh9228

I don't give a lot of serious replies on here. But in this case... The "buy the rumor, sell the news" camp have the right instincts but it's likely flawed execution. It's more likely to be a much slower burn than everyone is expecting re: new actual buy pressure entering. It all depends on macro econ health but most signs point to at least a couple quarters of dovish environment. BTC ripped both in price and in dominance for the "buy the rumor" part, so the "sell the news" should actually be shorting the dominance %. Hence as many have pointed out, long alts selectively. To really make filthy-rich money going forward probably requires participation. You need to have access to various markets, which includes CEX's but primarily means getting on-chain. Knowing how to safely interact with protocols, use bridges, read warning signs from ecosystems, manage exposure, be nimble with your liquidity. At this point you really need a good understanding of how LPs work, what LSDs are, how to analyze transactions on block explorers, have good backup and security measures. Being able to interpret or even write contract code is an extra plus. Participation is huge because you not only get access to things like airdrops, but you'll be reading the pulse of everything FAR better and faster. tl:dr - Buy the right alts at the right times but if you're waiting for them to hit Coinbase, you're probably the yield.

Competitive-Song-539

Dude what?? PoS is FAR better than PoW, and achieves the same thing more efficiently…. I’m so confused by your statement

Oogha

Nothing, in any of your comments aludes to anything at all about averages of any sort. You say you've made more than my total net worth, nothing about averages there, just assumptions based on nothing but ego. There are A LOT of alt coins that have FAR higher average gains than BTC, but again, the word average can only be used when comparing buy in prices and investment terms. I feel the more you talk, the less qualified you are to actually have this conversation.

Tortex_88

GTR (Ghost Trader). Tokenised hedgefund, doxxed traders trading OUT of the crypto space (forex etc). Monthly returns on the amount of tokens you hold, constant profits since conception just over a year ago. Token price is dirt cheap atm as a lot of people sold up when the chief trader used a banking instrument that meant a significant delay in dividends being paid (but FAR bigger profits). Moon boys got inpatient, tanked price. NFT's also available, but minimum investment is in the $1400 range. Moon boys need not apply. This is a long term project.

Royal-Leopard-2928

> money becomes more concentrated Money is FAR more concentrated in Bitcoin than any traditional finance market ever

RelativityCoffee

1. The Little Bitcoin Book — best introduction to bitcoin BY FAR 2. Check Your Financial Privilege — for people who want to go deeper into the financial inclusion angle 3. Mastering Bitcoin — for people who want to go deeper into the code

Krirby2

My experience briding Matic was actually pretty easy and pleasant. Took like 2 minutes and bridge looked pretty sleek, unwrapping went easily too. Had FAR worse experiences with other bridges.

Dettol-tasting-menu

Empty mempool: “security budget” is a FUD. We have far FAR too much hash rate than what’s needed to secure the network. So what if a few miners die because of competition. Difficulty adjustment will take care of the market rate of hash. Full mempool: it’s a real issue it stops bitcoin from being cheap to transact. Even opening LN channel is expensive. It dilutes bitcoin from being a P2P digital money to a slow and expensive google drive holding fucking monkey jpgs.

EarningsPal

I did it too. Losses: Several liquidations, some centralized exchange “hacks”, rug pulls, and smart contract “hacks”. You cannot put 100% into anything, especially crypto. Want to know how I learn that? Because I put 100% into something and lost it. LOL I can laugh now but I know I’d be way ahead if I wasn’t impatient. Turns out doing nothing fancy would have FAR exceeded anything I tried. Learned the hard lessons before all those other things happened. It still sucked every time but reinforced how you cannot put 100% into anything.

Human_Drive4944

Right now Sri Lanka which has a currency deviation and inflation so yeah it’s around 100%. But what I have found is that despite the “official figures” the areas in Australia I was residing have now seen a double rental and double property price situation in less than 2 years… which has resulted in other things like steel and timber also doubling in price. The inflations figures are averaged out across all items and less. But most people are exposed to rent, property prices and indirectly linked to things like steel and timber. Including the cafe where the hipster latte sipping apple iBook graphic designs and Instafluence food bloggers like to hang out… in general 100k in December 2019 bought FAR MORE of the above and more than the present December 2023… no matter how the government of the world have spun it money is, as usual, being inflated away. Just ask the Turkish, the Argentians and even the New Zealand’s are copping it in the ass right now. Essentially 20k now has the power of 10k a few years ago. That shitty block of land that was 30k is now 60k. If anything this is a correction based on the true value of assets relative to fiat.. and btc is coming along for the ride. I still think it’s overpriced it wouldn’t take much for it to nose dive again.. but it has hit a bottom of sorts.. I rely on the fact that everyday someone is loosing or forgetting btc passwords/wallets, and reducing supply so mathematically it’s destined to go up in price purely on supply and demand anyway. Only thing putting btc at risk is one of those qubit super computer things directed at cracking a single wallet.. soon as that happens I honestly thing it’s all over.. surprised the Chinese are not already doing it. Be prepared for a few whales in the next few years waking up to find those “in compromised” cold wallets emptied… and on that day inflation will be quite irrelevant. Rant over I think some logic is in there somewhere thanks for your question. ;)

SchmeepyDooDoo

The best gaming coin for a 20x is by fucking FAR $PRIME. I have a decent bag thats doubled, but its still barely top 250. Go look at some videos of what theyre doing. Its actually a super sick game and really cool concept and they can use the word AI while promoting it heh. I have a buddy inna reasonably ‘inner circle’ CT group and theres plenty of chatter about it; accumulation is still happening so decent entry still.

robeewankenobee

Not when it comes to anything ... Nothing works FAR better than anything else. Whoever believes that doesn't have a clue about this industry. Algor works better, faster, but the Only thing it always lacked was load ... i'm tired how many times I heard stuff works better than Eth and such, and when the load is half of what Eth has, they drop or suddenly it's not as fast as it was. I felt that on Cardano at 100 bn Mcap ... Algo at peak Ath in 2021 bull was at 10 bn , that's less than what a L2 has during a bear on Ethereum. Let's not get ahead of ourselves.

HBAR_10_DOLLARS

I think they dipped their toes in but they are FAR, FAR from the saturation levels them and their customers will get to. They are like 1% in right now.

Alisko2000

ATOM and it’s not even close. Don’t even waste your time staking ada or dot. ATOM has - 1) the highest APY of all 3 (literally more than 6 times higher than ada, meaning that you would have to stake ada for 6 years to earn what atom staking earns you in a single year). And also ATOM has free restaking which means those juicy APR rewards turn into an even higher APY % bc of the power of compounding. - The highest deflation of all 3 assets of you take into account both the total inflation and deflation - your staking rewards. - The most airdrops BY FAR. If you’re well known in the crypto space or on ct (crypto twitter) you probably already know this. To prove this I’ll take myself as example. A couple of months ago I had approximately $3k staked in ATOM. In the past couple of months alone i have earned NTRN, ARCH, Celestia and PYTH which were worth between $500 (ntrn) to $3k (tia). I now literally more than doubled atom staking bag + bridged some over to other chains to go for other opportunities (RNDR, ARB, and some other coins). And of course I now also earn the juicy 22% APY of staking rewards on all those juicy airdrops that I swapped for ATOM and staked!

jyoung1

If US, robinhood is by FAR the cheapest. No joke cheaper than coinbase, cash app, everything. https://robinhood.com/us/en/about/crypto/ for a comparison

XBB32

They did... But like other comments said, banks are doing FAR WORSE ! Guaranteed !