IMO

dvsbyknight

No. I keep the bulk in cold storage & a small amount in a hot wallet on my phone for easy spending & just refill that occasionally when it gets low. The decision on whether to keep small balances of alts in cold storage is just based on weighing convenience VS risk. I don't sweat small balances being in a hot wallet, but what constitutes "small balances" will be different for everyone. $1,000 may be trivial for one person but really significant for another. Cold storage is ideal but (the reputable) hot wallets are still pretty secure. The only truly terrible place to store it is on a custodial wallet. IMO, the security improvement when going from a custodial wallet to a hot wallet is enormous, whereas going from hot wallet to cold storage is still significant but not as significant as the former. On a scale of 1 to 10 I'd put custodial wallets at 2, hot wallets at 7, hardware wallets at 9 & true cold storage at 10.

Tall_Candidate_8088

It's not 90% but it's such a high number that your point is still relevant. The FEDs QE and liquidity policy is not literally "printing" money so it's best not to describe it like that. I'm not sure if "lost" is the right word either, a voluntary retreat from globalization has been happening for over a decade. We are further along that road than you imagine IMO.

DarkPhoenix1127

Nah not really if you have it stored properly IMO.

ske66

IMO, keep most of your money in “safe” crypto currencies like Eth, Btc, Ada, maybe Sol, and invest 10-20% in riskier stuff. Eth and Btc will still 3-5x

F0rtysxity

I agree with him and IMO that is Bitcoin's biggest con. In theory we want a strong government to represent our (the people's) interests and regulate businesses, elite and foreign interests. Unfortunately our government currently doesn't function as such. At least that is why I stay interested in Bitcoin. Because I don't trust our government.

athomasflynn

People said the same thing when they invaded Ukraine, but here we are. It's a superficial analysis of the situation. I actually want over there for a good portion of 2023 to help out and see it for myself and IMO, if Russia tests NATO it will cause a dip like the initial invasion and that's about it. Maybe not even that much. Russia just isn't a big enough player in the global economy for them to crash it. They'd need to use a tactical nuke to do more than slow things down for a month or two.

Amfj231

Powsche has to much strength behind it to fail IMO. Community is top tear. The content, merch etc that the people are turning out are 2nd to none. They are active and creating something different over there. One of the guys even has a Powsche Podcast. And they are welcoming and inviting to all. My favorite part is that there is a communicated road map and expectations. Most coins it's just buy and hold till lord knows when. Powsche had a plan. Burn a Tesla at $50M MC. Burn a Lambo at $100M MC. Launch to billion+. Check it out. You won't be disappointed

Corbimos

Coldcard for the win. Passport wallet is also good. Don't use the same manufacturer for your wallet software and wallet hardware. Use open-source or source viewable products. I like coldcard and Sparrow wallet. You can use Sparrow with trezor as well. I prefer to go with hardware that focuses on bitcoin only. IMO, trezor wastes to many resources on shitcoins.

Chihabrc

That's great, I learnt ALGO is also quantum resistant like QAN. IMO ALGO still has a really huge future ahead

porpoisebuilt2

Anyone bought normal shares before….of course. How much paperwork and bollocks do you receive in the mail or email. I found it quite astonishing, hence why I have, and still am, a fan of crypto projects that will help make a better system of economics….seeing as it is the worlds greatest addiction (money). With all the regulations over centuries, financial collapses have still occurred and financial instruments have been made up as if they were from that show ‘I dream of a Jeanie’. Fractional reserve, and interest, coupled with inflation, not back by gold since Nixon, well, IMO it’s only a matter of time

bigbarryb

Ultimately everything is priced by markets. Unless the government attempts to price fix something, everything is priced naturally based on supply and demand. So what you're really asking is: why is there demand? For people who discover it for the first time, often that demand comes from media coverage of price movements. People want a piece of the action, even if they don't get it. Many of us later try to understand it and as we understand what it is, we also start to understand what our money is NOT. There are many reasons to want to invest in Bitcoin, be it future projections of how the money will empower you and give you access to a broader market, maybe due to moral reasons like realising you are actually opting out of paying for war, or maybe due to price projection after learning so many things that enforce your price prediction. The desire to stick to bitcoin and want to save it and NOT spend it or "cash it out" means that Bitcoin gets a lot of demand. I think there are still a LOT of traders which is one of the reasons why it is so volatile, but either way, I don't think anyone gets it from being told, we have to find out for ourselves and then find out what resonates with us. I will say, the fact that so many people stay for many different reasons is very good IMO.

Sharlach

Glad i'm not the only one. I saw mt. Gox and FTX and knew both were a shitshow waiting to happen. I genuinely think the people that parked their money in both are just gullible rubes with poor judgement. All the weird interviews and behavior from both of the CEO's should have been a massive red flag to everyone, IMO. How you can trust companies like those over Coinbase and Brian Armstrong, I'll never understand.

Kraker58

Not a trip, moving. Also Bitcoin! not Crypto. Using Bitcoin is a challenge, and im excited to experiment its use! No problem there, but it seems cool IMO! Any solutions or tools to add to help? im open to all avenues for success and use :)

No-Pilot5559

Sentiment is far too high for me to be buying IMO. I don’t make any moves until this sub is a ghost town, then I start to dabble. To each their own

Haunting-Student-756

Sorry your brother passed. You are fortunate for his sacrifice. IMO Selling BTC is for losers. Don’t be a loser:

AstroRoverToday

You’re basically asking how to commit a felony … and by posting about it here you’re proving willfulness. Not the best strategy IMO.

Mediocre_Horror_194

What do you mean? We had 7 green months in a row. From 17k-72k in 7 months. Quite fast IMO

endless_ness

they are lucky to be getting anything IMO. Really shouldn't complain

backafterdeleting

IMO the best use of a node is to point your wallet at, so you can always use a personally validated chain rather than someone elses. The second best use is to open it up to others who trust your node more than they trust whatever wallet dev's node they would've been using.

Thick_Expression_796

I’m using Robin Hood to accept it here at my body shop. I’m new to accepting crypto and it’s a simple process threw Robin Hood. IMO 🤷‍♂️

The_TerribleGamer

Easy to see why he would start using it. With countries like Canada restricting bank accounts and the multiple state AGs trying their best to bankrupt him, crypto is the one thing they can't control as long as it's kept in a personal wallet and he refuses to give up the key. He won't go all in our anything. Likely he will sell it as soon as it comes in, but he can protect the identities of people who donate to him by taking crypto. So many of his followers are on watchlist for nonsense reasons. It just adds another layer for those watching to unravel before getting someone's identity. IMO

parkranger2000

The problem is we have no mechanism to fairly distribute productivity gains. AI and other technological advancements will create massive productivity gains but all the benefit will be funneled to the top .1% and the masses will suffer the downside (job loss). Most likely outcome IMO is voters demand more entitlements (stimmy checks, UBI, social safety net) which govt funds through more debt monetization and the debt and inflation keep climbing. I’m borrowing liberally from Jeff booths book The Price of Tomorrow. Technology is deflationary but we don’t feel it because money printer go brrrr

SpecialDonkey6563

The problem with raising rates that high now is the debt is much greater than when Reagan was President. The interest on the debt would swamp the budget. No way the Fed would allow that. There really is no answer IMO.

Chihabrc

Its really impressive seeing that crypto adoption has started in Africa, IMO I think the next big move might be the whole of Europe adopting crypto payment

4ss0

Shhh, don't say it out loud!  Seems all people just pretend was not intended as p2p cash only because it's not feasible at the moment and there is no solution for now (yes, lightning network is not as brilliant as it should).  IMO it should be and a solution must be find. Real adoption of such disruptive system must come from people using it daily. Otherwise forget to see 1M for btc... Why should someone buy even 100$ if can't use it. Why accept a payment? Only big players can use it? = no adoption  I'm very sorry to say so, but this will be the truth.  Bitcoin has become what is it now only because there was this idea in mind (at least in 2013 when I discover it). Now it's all pure fantasy finance (ETF, nations, "store of value"... ) 

Neat-Finger197

In a marketplace of monies, the hardest money always wins. This is why the ‘gold standard’ has existed for 5,000 years. IMO, stop worrying about the price. “Down the road” financial rails will exist where you can safely borrow against that 1 BTC (or fractions of it) you’re hoping to acquire. You think people that own Manhattan real estate sell? Heck no, they borrow against it.

notdroidyoulooking4

👍🏽 Also hasn’t collecting preceded store of value which preceded medium of exchange for found items that became money historically (feathers, glass beads, silver, gold, etc). Not sure if we have historical proof, but it would make logical sense IMO!for that to be the progression. But in a world with govt and fiat, I wouldn’t expect btc to be a common payment method unless there were advantages for both buyer and seller.

analogOnly

I think it's better to have a tattoo of something less obvious like the bitcoin halving formula instead. IMO putting a bitcoin tattoo on yourself is like putting a target on your back.

ts_wrathchild

Bitcoin is essentially feature complete. Using it at the base level cannot be dumbed down any more without compromising security, IMO, and any BIP proposed that compromises security in the name of user friendliness will be swiftly disregarded by the network. The QOL features come at L2 & L3. This means lightning nodes ran by your bank, who holds your Bitcoin, who issues a card that allows spending of said Bitcoin, whereby transactions execute via lightning. Things need to happen outside of the network first before this becomes reality, but this is what mass adoption looks like, and is the destiny of the network.

Inside_Lifeguard6706

Never. ETH curently has some advantages over BTC but they are all going to fade away with BTC L2 solutions like upcoming Sovryn's Bitcoin OS and other familiar projects. Then all the good things of ETH will be also be available on BTC. Number of alts will get smaller and btc will only get bigger. IMO

Many-Blueberry968

20mb is perhaps excessive, but a size increase is logical sooner or later. IMO fees are intended to replace newly generated rewards for the miners, and with the last halving we will start to see blocks where fee>3.25btc. This may work with a $60k bitcoin and 1MB+3MB(segwit), but if price dramatically rises over time (eg: 250k), then fees may become high and the need to increase blocksize may become more apparent in order to reduce the demand and resultant fees. Ps: mining entities benefit from the fees resulting from full blocks, so expect them to resist an increase

HesitantInvestor0

NDAX is a good one IMO. Super simple interface, bare bones style. That's the style I like. The spread is low, good security.

TankSpecialist8857

Every photo and piece of media you see online will have an on-chain component in the next 10 years IMO

Superb-Cantaloupe-78

If he gets re elected, it will be his last mandate. So he'll do whatever he feels like doing without pressure. But I also understand why you would like Trump more than the half dead thing you currently got... Having only those 2 options is kind of sad tho. They should both retire IMO.

Good_East_580

Spot bitcoin ETFs hold the actual bitcoin. You may be referring to bitcoin future ETFs. ETFs are easy to trade in and out of. They are also IMO the safest place to hold bitcoin other than cold storage. This is speculation at the moment but financial institutions will give fiat loans with bitcoin ETF collateral. At the end of the day though not your keys not your cheese. And you’ve gotta pay the ETF fees.

fuck-fascism

I’m on the Gemini card train too. Best reward card put there IMO. They also have local deals for specific local businesses that give an extra % on top of the normal cash reward. Couple places I am a regular at are on there - bonus. Some online shopping bonuses too.

ARoundForEveryone

I'm not sure that answers my question. u/Definite0, and possibly u/PreventableMan, seem to think that Bitcoin is a shitcoin. And I'm not sure if that's because of what Bitcoin *is*, or because of *who* said it was a good investment, or *when* the claim was made that it was a good investment. I don't know...that's kinda what I'm asking. If this guy shills shitcoins, yet he's here on video shilling Bitcoin, does that make Bitcoin a shitcoin? Or, more likely IMO, does it mean that this guy (in addition to shilling shitcoins) also had some legitimate insight and prescience, and knew (felt) that Bitcoin was legitimately going to skyrocket in value (while being a technically solid idea and programatically sound)? Put another way, if this guy is a shitcoin shiller, but he's shilling Bitcoin...does that mean that he's also a non-shitcoin shiller, or does it mean that Bitcoin is a shitcoin?

Mattie_Kadlec

IMO the biggest problems in Web3 now are UX and low/fragmented liquidity. While multichain compatibility can’t do much for UX right now, it will allow non-EVM chains to communicate with other blockchains, meaning that liquidity could start flowing between them. This would make all liquidity in crypto accessible on almost all blockchains.

BigDeezerrr

I bought a little now in case it doesn't drop, but have some fiat waiting in case it does. Much easier and less stressful IMO.

hanoteaujv

It's always good to diversify IMO. Diversifying into blockchain projects like AVAX, INJ and QANX. The latter just launched its quantum resistance testnet yesterday.

DC600A

>While the hype may drive initial interest in tokenization, its true value lies in its utility—the ability to address real-world challenges and streamline financial transactions. By striking a balance between excitement and practicality, tokenization can pave the way for a more transparent, efficient, and inclusive financial ecosystem. Well-said. It is true that people often look for short-term gains and that leads to huge hype that doesn't match utility and falls short of expectation. That's why the true test of any project is its long-term utility and how it can traverse the web2 and the web3. I am a big believer in Oasis because it is pioneering smart privacy - something that can enhance account abstraction, decetealized and responsible AI, DeFi, SocialFi, GameFi, data NFTs, etc and help web2 users adopt web3 easily. The USP of Oasis, IMO, is how it puts privacy first but not compromising compliance, thereby creating a balance of customizable, compliant privacy. Use cases will come and ecosystem will grow when there is a strong underlying technology in place that will remain relevant always, and not just during bull cycles or responding to hype.

Seattleman1955

$68 million is nothing. I don't know what Bitcoin could get to by the first quarter of 2025 but the more moderate it is, the better for the long-term, IMO. If we get to $100k this summer then we may get to $200k sometime in 2025. If we get to $100k in December and then hit $300 in March 2025 we will have a huge crash in April 2025. I'd rather go up 20% at a time and then give up half of that gain each time (temporarily) and build a strong base along the way. If that's the case, due to slowing growing interest in the new ETFs (for example) then we could keep going up for the next two years. We could get to $400k that way and when it does correct it might go to $150k and quickly go to $200k and then go sideways for a year. Or it could go up to $300k suddenly in one months and crash to $50 k a month later. I'd prefer the slightly slower approach with more support building along the way.

papii_chulo

I was laid off in August 2022 when my game studio closed. I applied every day and didn't find a job till January 2023. If you personally feel that a month off will let you reset yourself and put you in a better spot mentally and physically then go for it. If you just want to take a few months off just because and bs around then absolutely don't do that. A few months won't make the job hunt any better might as well just deal with it now and get it over with. IMO

dou8le8u88le

Risky move IMO. If the ETFs pick up again you’ll regret it.

Fer200786

I will keep the BTC Sir. Better to start from now looking for a new job. That’s the right decision IMO!

HesitantInvestor0

Is the issue not really just tax laws at the end of the day? Is it feasible to use Bitcoin for payments if the government is going to make every single transaction a taxable event for both the buyer and the seller? That's the part that is killing off the use case for payments IMO.

Johan544

I think there's one more leg up left, which might take BTC to $100k and above (my target is $150k at most, I don't think we'll be seeing $200k BTC this cycle). To be completely honest with you, I don't expect an alt-season comparable to the previous ones. Those who were around in 2017 and 2021 remember how *every* single altcoin skyrocketed during alt-season, but I don't think that's gonna happen this time around. Too many protocols, too many coins, too many narratives. I think meme coins and AI coins are going to be the primary beneficiaries of an alt szn. All the other coins, including dino coins, will *vastly* underperform IMO.

BrawndoCrave

BTC’s history over the last ten years doesn’t support this narrative. Overlay BTC and the stock market (which is a decent indicator for the economy) and you’ll see that BTC does well when the market is on a bull run and tanks when the market is on a decline. In a general sense, and with some exception, it acts like an amplifier of whatever direction the stock market is heading. Happened in late 2018, 2020, 2022, and again in 2023. There’s no evidence to support the theory that if the US economy tanks then BTC serves as a fail safe. If anything, BTC history tells us that if the economy tanks, so too will BTC. Something else fundamentally would need to change for this to not be the case, like a formal adoption by the govt, which I wouldn’t hold my breath for. If the economy gets to the point where the whole system is collapsing, people won’t be buying internet money nor will they probably even have electricity as everyone defaults on their bills and/or utility providers shut down. They’ll be buying guns, food, and gold. BTC success case depends on a society that has its core needs met, which it does for now. If that stops, so does BTC IMO. Again, I hold BTC. But our scenarios for what it needs to be a success are quite different.

K42st

Finding someone as savvy as your are in most cases is a big ask and trusting someone is an even bigger ask, this is still IMO one of Bitcoins issues.

MaximumStudent1839

Even then you will end up shutting down a lot of archival nodes. How will you force full nodes to delete historical states? How do you force them not to process it for other reasons? IMO, privacy should really be enforced at the protocol level. Slap stick via arbitrary laws is just asinine when the protocol treats the entire thing as an open book.

Jeremy_Thursday

A compromised personal computer could lead to loss of funds for a wallet you setup yourself. A well time SIM swap could lead to loss of funds on a CEX account. The best mitigation IMO is setup a wallet on a brand new computer. Then just keep the seed phrase via pen/paper as a physical copy protected via safety deposit box. Send money from CEX to wallet address and pray USDT doesn't become insolvent in the next 3 years. But personally I'd just ask for a different escrow arrangement. I don't really see the point of being forced to hold your own million on crypto (especially since you control it anyways). Get the vibe this is Step-1 for multi-part scam.

InstallDowndate

Already a lot of Meme coins on BTC. ORDI is probably the largest with a $800M market cap. A bunch of other Memes on BRC-20 that have been around since last year. Merlin chain has a handful of them as well. Runes was built specifically for Meme coin on Bitcoin and has a ton already, some with huge market caps of 100s of Ms. As far as the idea that BTC has a larger market cap then ETH so there is more liquidity for memes coins, which I have also heard a lot, I don’t think it’s really the case. Most people holding BTC are not going to be any more likely to part with their BTC for meme coins, just because it’s on BTC chain. IMO.

Mistermind_9

He tried the profitability argument, which was actually the right choice for this audience IMO. Americans just wanna have more money. Give them what they want. What do you think how many of the audience really care about the living standards in third world countries? I don't think this argument would have convinced them at all unfortunately.

DonahueJ89

The fact that BTC is generally valued in USD tells me it has a long way to go. If or when the dollar crashes there will be a window of opportunity that will be interesting to watch. It is, however, a Pascal's wager IMO. If true it would be a mistake to not get a little now, as it will be worth much more later. If false and you've wasted a little now, you really won't have lost much. Seems like a no-brainer.

CryptoScamee42069

I sincerely doubt it. Not that I don’t think BTC could be a reliable reserve, just that the premise of governments relinquishing their stranglehold on money creation is a pipe dream IMO. The far more likely scenario, whether you like it or not, is a CBDC of some kind.

Intrepid_Fox-237

No doubt that the USD will lose the status of reserve currency. I predict that the next step is either a basket of reserve currencies, including the dollar, or the move to a NATO digital currency... both scenarios would likely avoid hyperinflation, IMO.

Odd_Monk_132

I take them off the exchange and store in cold storage. A "wallet" isn't a product it's a random number. My cold storage wallet is a metal plate with the seed words and a few addresses in a text file. The best wallet software IMO is Sparrow and Specter, followed by Blue Wallet and Nunchuk on mobile.

KoreanJesusFTW

> I fail to see the hypocrisy or the point. People from everywhere have diverse views. Loving US but disliking The FED Reserve is VERY American, IMO. US Gov screwd us all trying to hurt bad actors with sanctions using the dollar. Most Bitcoiners are anti-war and Libertarian by nature from my experience. I dont think it benefits the US at all to be involved with Ukraine or Israel conflicts. US geopolitics is a huge discussion. Buying a project with super a high whale concentration is stupid for sure, but hypocrisy? IDK man. Crypto bros are pretty diverse. Exactly. One can absolutely love a car but hate the fact that it runs on petrol.

RookXPY

While I know this is the consensus opinion on the matter and makes some logical sense, I am not convinced an end to the existing financial system means an end to civilization. And while I do think people are really really stupid, I don't think they immediately start stealing from each other and settling every dispute with a gunfight just because there isn't a central authority anymore. At this point the financial/political system is so corrupt IMO it is akin to going back to the early 1900s and saying Chicago would completely fall apart without the Capone family providing protection to all the local businesses. No one can see the future, but it generally doesn't look anything like what the crowd expects, they are really really stupid.

metahipster1984

It's time for 80-85k IMO. My body is Reggie

Wrong_Sock_1059

The main thing here IMO is that people are comparing bitcoin to regular currencies when they do not have the same function at all. Bitcoin is mainly an investment, while currency such as USD is for trade. Inflation forces people to use their money or invest into something that beats inflation. While Bitcoin is in a permanent upward draft (essentially deflation), which causes people to never use it and just hoard it, which is what is further preventing it from actually being used for anything. And if it ever was to start being broadly used as a currency, i.e. for trade, it would start being susceptible to inflation too, as Bitcoin is not backed up by anything.

sker13559

I fail to see the hypocrisy or the point. People from everywhere have diverse views. Loving US but disliking The FED Reserve is VERY American, IMO. US Gov screwd us all trying to hurt bad actors with sanctions using the dollar. Most Bitcoiners are anti-war and Libertarian by nature from my experience. I dont think it benefits the US at all to be involved with Ukraine or Israel conflicts. US geopolitics is a huge discussion. Buying a project with super a high whale concentration is stupid for sure, but hypocrisy? IDK man. Crypto bros are pretty diverse.

nickneuman

We (at Casa) built a solution for this that IMO is the right balance between security in life and recoverability after death. 3 keys protect your bitcoin: one on your phone, one on a hardware wallet, one held by Casa. You need 2 of them to spend. Through the Casa app you share the encrypted mobile key with a Recipient that you designate. When you pass away, they can request access to your vault in the app. Starts a 6 month timer, at the end of which they can use the mobile key and the Casa key to move assets. Takes less than 5 min to set up with a non-technical Recipient, and if you're already using a hardware wallet you don't need any extra hardware to set up Casa. Available globally. [casa.io/inheritance](http://casa.io/inheritance) for more info.

RizzoStaxx

True it’s the fairest way IMO

Kingjames23X6

It’s gonna go back into the 50s IMO before the real having effect: I think it could get down to 52 STATS STATS, people who sold at 57 should of never gotten into bitcoin in the first place

HesitantInvestor0

What are you talking about? If Bitcoin reaches a billion then a sat will be worth 10 bucks. Trust me, if Bitcoin is at a billion, there won't be a single thing on earth you can buy for under 10 bucks anyway. You are somehow capping a sat at a dollar, which just makes no sense at all. In the end you probably don't have to worry about this problem anyway. A billion dollar Bitcoin is a foolish though IMO.

Alfador8

Lightning works great. I use it daily on nostr. It isn't a be all end all solution because to own LN BTC non-custodially you still need an on chain footprint, but it works great for small purchases/tipping. Download Primal and check out nostr for a nice simple implementation. I think the main reason you're not seeing it used "in real life" is the same reason you don't see bitcoin payments in general: there's a huge opportunity cost in spending bitcoin. Most people who currently hold it expect it to increase in value, so why would they spend it? Eventually bitcoin will reach its total addressable market and stabilize in price, and *then* people will be more willing to part with their sats. We're *at least* a decade away from that (IMO two or three decades) but it's good that the infrastructure is being built now.

FallingReign

I’m not into Bitcoin because it’s a replacement for gold. Gold can be valuable, Bitcoin can be valuable. But find me any currency that is tangible and valuable. IMO It’s more likely I’ll walk into a store that accepts Bitcoin than Gold as a form of payment.

142NonillionKelvins

I disagree. When that many people agree with you, it’s just going to be very difficult to buy it with dollars because it will be recognized as the most valuable asset known to man. You’ll have to instead trade something of much higher value for it. IMO that’s going to end up being scarce resources that people can’t live without.

pullupman

Copy/Paste and then verify the first 4 and last 4 characters of the address you are sending too. That's more than enough to circumvent address poisoning. In most cases the address you are sending to is either your own private wallet, back to the exchange or a third party via QR code. It's not nearly as unsafe as some people think it is if you are using widely accepted tools, wallets, and exchanges IMO.

R4ID

>I just find myself feeling like what’s the point in hanging out with them anymore. Are they not your friends? >I feel like I’m kind of on like a different level now. ? get ur first taste of money and you instantly change? >Plus a lot of the time they don’t even understand stuff like liquidity pools, market, cap, staking, etc.. so it’s hard to talk to them anymore. they have different interests then you, shocking. >I’m just curious if you guys went through something similar and if you institute something like a net-worth cut off when it comes to old friends or something like that? You should be using your knowledge to Life your Day ones out of the gutter, Not look down on them and squash them. IMO ur friends are better off without someone with a clearly toxic mindset like yourself. you deserve to be alone.

Leather_Movie4056

To encourage others but it’s manipulation—want more to join. My prob is I ca by a $10 stock and it is more likely to double than a $60k. So it seems people don’t clearly understand the risks and lost opportunity costs unless trading it. Even then 10-30% in a stock is much more safe IMO vs unstable crypto. Show me more proof that it’s is more safe before I take that kind of risk

pr0b0ner

Thanks for posting the link, but IMO that specific graph is useless. It's relating to is the stock market generally, not the stock market when i's down. That's the comparison I'm talking about. Sure, when the stock market is up, BTC can be all over the place: up, down, even. But when the stock market is down, BTC is one direction, down. Sure, there are probably small exceptions to the rule for a few days where BTC makes small percentage gains, but I'm talking larger market conditions. If the stock market goes into a recession in the near future, BTC ABSOLUTELY will as well.

pr0b0ner

Honestly I don't know why you're asking this question here. IMO this is a US economy question, not a crypto bullrun question. By all crypto metrics we should be on the cusp of a huge price increase over the next 6 months. From a fully crypto perspective, you'd be an idiot to sell now. From an economic perspective, however, I honestly have no clue. I've been absolutely wracking my head over this the past week. If the economy can sustain/grow, I think the bullrun is still on. If the economy falters, I think we're done for. Then, who knows what!? We're in uncharted waters. Economists are saying that newest indicators are nuanced, but actually pretty good. Investors don't seem convinced. These folks have a lot to lose by admitting there's something wrong. Ive been convinced of a crash for 6+ months and feel we're closer than ever. Im HOPING to eek out some gains over the next few months and run for the hills.

diamondodavo

I know some crypto “players” and it’s usually bull. Bitcoin et al aren’t buy and hold assets, they’re for trading IMO. And buying naughty stuff on dark/deep web. One of my pals told recently that all his assets are in gold and BTC. Good for you I said. The alternative asset class regulator in U.K. doesn’t even cover crypto, it’s PE, real estate and other real assets.

apstl88

I can understand the temptation. I am thinking about it as well but still waiting for them to deploy that patch that they were announced to happen in May. I'm also waiting for the DegenDestilery to launch their token soon. People who didn't get the major ones during the last 2 year period are already pretty late, IMO.

peaceAdmirer

After losing 72 million, having back 62 million would be a great relief. I would give the remainder as a bounty and would use 50 million of what I have in real world assets like real estate and physical gold. The biggest mistake the victim had was having too much money in crypto space IMO...

pr0b0ner

Yeah, but macroeconomic influences play a HUGE part of this equation, especially in this cluster fuck of a market. I'm petrified, trying to figure out if I should completely divest to avoid the (IMO) inevitable market drop, or stand strong and grab the (hopefully) upside still left in the market.

ConnorCink

IMO if you do the work to publish a block you can censor/publish any tx you like. But having a pool that gives you the option to do this is why Ocean is great

Additional_Band451

China already banned it years ago and was IMO the main reason that put a brutal halt to the previous cycle rally… Also, although China and Russia are large countries, they are far from being ALL major governments

YamsForEveryone

1. Bitcoin. 2. Ethereum. 3. Solano IMO.

giddyup281

On chrome, the banner disappears if you scroll two lines lower. Also, it does not show on any post, just the main page. IMO, permanent is the way to go (and to be fair to the project renting the banner). Maybe make it on the left or right side, as a part of sub rules or whatever).

FoolHooligan

hasn't crashed enough IMO

whatsaburneraccount

I've been buying this for the past month+ every time we dip below 0.75. Once it bases over $1, it's going to double or triple really quickly IMO

kingryan824

If you wanna take profits, buy some COIN, or MSTR, or the miners. Don’t sell the underlying asset IMO. Stack the underlying and never sell, and trade the BTC derivatives

letsdrinktothat

What's important as far as I'm concerned is to have a strategy, and stick to it. DCA in when your strategy tells you to, DCA out when your strategy tells you to, and hold when your strategy tells you to. IMO that will serve you a lot better than flip-flopping around based on random guesses (and that's all they are) about what the price is going to do next.

ThatChrisGuy7

IMO great buy in point. Actually no way we’re done with this bull cycle

PablovsPeanut

Actual gold will be decent as well as silver. IMO BTC will be the best. No one can time it perfect because the best time to buy was obviously last cycle and that will always be the answer. From looking at past empires when they fall they fall hard and fast. The US is acting like an empire in decline.

generateduser29128

Physical theft is almost never the issue. 99.9% of all reports about coins on a Trezor being gone are because users entered the seed words into malicious software. For some Electrum reports it looks like there were actual Software issues. Anyways, IMO a cold wallet is worth it just for peace of mind.

Hot_Significance_256

Just checked. Yeah you’re right. 90% cash equivalents is not good IMO. USDC also has more reserves than liabilities and they are exclusively cash and cash equivalents

htbroer

IMO, crypto hasn't been around long enough to assume there are "cycles" as in "an underlying law". There are historic developments of the prices, that's all.

undeadkarlmarx

Reddit threads like this one, saying it's "on sale" etc. All bullshit. When it's *really* on sale all the degens are just confused and traumatized. IMO all the people who were loading up on the ETF launch at $42-43k have yet to be adequately punished, and I consider no price above that range to be a sale.

dumbasPL

Litecoin for every day payments, Montero for anonymous payments, USDT for stable coin payments, Bitcoin for everything that doesn't support Litecoin yet. Everything else is kinda redundant, pointless, and often a scam IMO. Using crypto for its intended purpose, as a currency, to pay for goods/services is the only realistic use case, all the other NFTs and what not are just an over hyped nothing burger.

Native_Pineapple

IMO it’s all risk based. Bitcoin is technically a high risk asset compared to stocks/commodities due to its volatility. Now, there is an argument to counter this with risk adjusted returns, but that’s a different topic. Other crypto assets are even more volatile and even higher risk, so if the general feeling is that the economy isn’t looking good, investors, or more so, smart investors, tend to reduce their risk and put their money into less volatile assets/sit on cash. This causes some panic and the gamblers say “it’s going to zero” and panic sell everything.

Zaitobu

Just came in to say that there is a thread right now on the sub: "Is Crypto 99% overhyped scam?" It is really worth a read. Some interesting and articulate discussion that everyone here would benefit from taking the time to read IMO.

Hsiang7

>IMO privacy coins, in general, will never see the amount of popularity that other cryptos have found because (sadly) most people don't care about privacy. I agree 100%. I've never understood the hype around Moreno for this reason. Privacy coins are so niche and only appeal to a handful of paranoid people that are always worried about the government seeing their transactions etc. The truth is, unless you're doing something illegal with your money or doesn't matter if the government or anyone else can see your transactions, so privacy coins are irrelevant for everyone except people involved with illegal activities. That's why they will never be a good investment.

Alfador8

Because the first one was cut short by the China mining ban. And the second one was cut short by the FTX collapse. IMO we had a premature peak this time because of the ETFs, which are still structurally bullish. We just aren't to the hype part of the cycle yet because we still haven't seen the supply shock from the halving play out.

JeffreyDollarz

Diamond Standard just migrated from Eth to Hedera. Tokenizing on Hedera will eventually take off, IMO.

RookXPY

There was a time when Bitcoin was a completely centralized coin too. It was also the BEST time to buy it and learn to use it. There are some projects that are honestly trying to decentralize while allowing for things that are not economically feasible on the Bitcoin blockchain (Smart Contracts, NFTs, Voting, etc.). I, like everyone else, have my opinions on which ones I would like to see win and which ones I think will have the most price appreciation in the shorter run. But, The truth is that over time the free market will decide the long term winners like it has already done with Bitcoin and the "digital gold" use case. Crypto is the last actual free market left for your average person. And IMO more choices (ie. freedom) are better, even though that comes hand in hand with rug pulls, scams, and centralized VC garbage. Most people seem to like the idea of freedom until the time comes to take responsibility for their own choices and learn from them. Those people would be better served if they just purchased Bitcoin and learned how to self custody it before doing anything else.

apstl88

It's not possible for some people to zoom out. It's way more easier to panic and call things dead. The pre and post halving periods are not gonna be the same or even similar and using last one as a reference is not wise, IMO. Market conditions are not the same, pretty much nothin is the same. I cannot say that I'm perfectly calm right now but I am far from panic, and yes, I will be getting more stuff during times like these because I believe that there are some projects worth investing in. I won't stop buying LINK and DIA because whatever happens, oracles are still going to be the important part of this industry. I'm going with SOL as well, and I believe that they will be able to solve the problems that they are facing right now. Memes on Base are still doing pretty much fine. BRETT and ROCK are on a discount... It seems to me that some people don't wanna be involved in their own investments.