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.

johnjonesnewphone

How do you know? You could miss. IMO if you plan on holding btc long term and you buy back in any cheaper at all it’s a win

flicman

If you don't think it's underperforming, then keep doing what you're doing. IMO, ETH is sound, a good project and still interesting, but this year (and before, but whatevs), it's significantly behind BTC in performance. I'm still holding, but I ain't buying till they sort out the identity crisis. I believe other real, non-meme, non-shit crypto will make my money more money in the short and medium term. When I change my mind again, I'll go back to buying ETH.

wheelzoffortune

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 hold a small position in a few, but don't really have faith in them in terms of price appreciation.

_AscendedLemon_

IMO corrections below 58k might be a bit worrying, as current mid-range channel is 72k-58k. But still above 60k so chill

jps_

fractional proof of stake. In my analysis - supported by judicial decision so far in Coinbase (although not over yet), there's a very strong argument. There's also a possibility that transition to proof of stake is writ-large problematic. IMO Ethereum appears to have been very well advised, legally, when it comes to throwing sticks in the spokes of prosecution for violation of securities laws. This does not mean that the violations have not occurred, it just means that prosecution is far from easy. As I have written elsewhere, just because an arsonist isn't prosecuted for arson doesn't mean they didn't intentionally burn down the barn.

Ok_Minimum_2576

2 years ago the price of bitcoin was at 30K today this pride is over 60K that would mean you doubled your money in two years. That’s a pretty good investment if you ask me. Also just wait until the end of this year IMO we are going to come down for a couple weeks consolidate and go back up. Idk if we will hit 100K this year though 🤷‍♂️

emyfsh201

Even though I'm not a fan of CZ, I see see this prosecution as a political persecution by the Us govt, since he was made to pay a fine and forced to step down from the company he rightfully owned, and the man has even issued a public apology admitting he made mistakes (which is an honorable thing to do btw) that IMO is a big enough punishment and good enough to serve as a deterrence to others so adding a jail term to it is quite harsh.

bigbarryb

You put too much effort into your messages. Wasted energy IMO.

Many_Revenue_6928

People that go on about studying bitcoin miss the point IMO. The fundamentals of bitcoin are really not hard to understand. The question of whether bitcoin will succeed in the long term does not depend on those fundamentals however. It depends on macro economics, politics, and human nature. You can study all of those for a hundred years and still not have any answers. Two professors of economics can argue for a week about the validity/utility of the Austrian School either at all, or in its particular application to bitcoin. But they will be no closer to the answer.

rizzobitcoin

Just a fun picture of the guy IMO. When I post Hal quotes of him running when he was young (even though the quote was taken when he was suffering ALS) no one complains :)

MostFiredUp

Solana has huge potential still IMO once it gets it outage issue fixed it's gunna be yuge

johnjonesnewphone

Not your keys not your coins. Leaving your coins on exchanges ruins the entire point of bitcoin IMO.

Low_Conclusion255

Hold your bitcoin. You only lose when you sell. It's going to go up over the next 6 to 8 months big time. Look at all the previous halving. It always goes up to all time highs after. In 2016, after the halving it went down 30% before surging to all time highs. Hang tough. It's the only way in this game or lock in your losses but IMO, you'll regret it. Trust me, I made this mistake in 2020. I had 1.5 bitcoin I purchased at 6k and sold it. In the next 30 days I would have profited about 115k.

RizzoStaxx

lol dude chill, if you’re in US I’d get a passport by foundation devices, they’re very beginner friendly. It’s the easiest way to self custody bitcoin for beginners IMO And I would buy on River or Strike as you avoid all the shit coinery.

EmuSea4963

Just remember that the price dipped temporarily after US ETFs were approved. IMO the Hong Kong ETFs will seem like a nothing-burger based solely on price action, but in the long term it's extremely bullish for BTC.

ThatChrisGuy7

IMO it’s good Russia is taking sanctions on crypto. Had they went all in and embraced it the US and others likely would have tried more to shut it down

blue_MrMoves

I would advice y'all to take a look on Shamir scheme. IMO it's the best practice to mitigate risks of losing one seed.

Mental-Guard-9806

Wrong , they need stability. They do not need more volatility. In the future if BTC becomes usable as a currency, (low transaction fee, confidence in price stability ect) then maybe there is an argument for it. Currently it would make things far worse IMO

anonymouscitizen2

Stablecoins are just government fiat over blockchain networks. Those will be succesful IMO because they do get the legal and tax benefits. I was talking about “payment coins” that are themselves a new token whose prices float freely, not stablecoins like USDT or USDC.

JashBeep

This is a stumbling block for many no-coiners, too. It's a reasonable concern and worth thinking through. I would start by questioning and challenging the justification. On what grounds? Tax evasion and criminal activity would be the likely claim. Take it a layer deeper. If that is the concern, is banning self custody wallets an appropriate course of action? IMO no. Forcing law abiding citizens into counterparty risk is not in line with broader espoused values of the USA. This isn't meant to be a complete negation of the concern or a hand wave, just the start of a framework about how to think about such an action. Next, it's worth thinking about how such a law would be enacted. Congress? Executive Order? SCOTUS? All of those parties are accountable to the people. To that end, I think any such law would not be durable. Especially as bitcoin continues to grow in other parts of the world. I am not from the USA but I would imagine a good number of people who held bitcoin in self custody would bunker down and weather the storm while lobbying for change. From a game theory point of view, there many come a time in the near future where the USA overreaches and it causes a fear-based price dip. My eyes are open to that opportunity. **Tyranny requires constant effort.** **It breaks, it leaks.** **Authority is brittle.** **Oppression is the mask of fear.**

Ranyhin

They consider it a taxable currency now and if you make profit on it, you have to get taxed. If you don't want to get taxed, you get arrested for tax evasion now. IMO it's better to just use tax loopholes like buying properties or doing something else to offset the tax you'd get, instead of trying to avoid taxes altogether - assuming self custody is a concern due to this. Then again I'm newer to bitcoin than a lot of people on here, but I use Fidelity to hold mine.

rastavibes

How would they even ban self custody? They can't confiscate it without keys. Empty threat IMO

GMCdonalds6

IoT huh? I actually messed around with a similar project (Helium) a while back. Cool idea, but the way it's all working out isn't quite there yet for me. Not hating though, these things take time, you know? More like a marathon than a sprint. For folks new to crypto, maybe CeDeFi platforms could be an option. Crypto needs some attention, not just a "set it and forget it" approach. Compounding is key for building wealth, so gotta be smart about it! "Earn interest while you HODL" - that's the magic right there. IMO Personally, I think CeDeFi platforms are a hidden gem. Maybe people are turned off because the returns aren't always crazy high, especially when everyone talks about crypto mooning. But hey, 10% a year consistently beats hoping for a 100x gain in a month, right? Plus, some folks might be nervous about centralized platforms after what happened with Celsius, BlockFi, "etc" That being said, there are some solid options out there - Big names like Nexo, Crypto(dot)com, Wirex, SwissBorg, or Yield App which is hot due to huge success with its Lauchpad debut might be worth considering to start with - Just throwing some ideas out there based on my own experience using CeFi/DeFi to make the most of my mining profits.

omg_its_dan

Makes sense. I was admittedly making an assumption based on the general posts on this sub. If you do want to sell some, it would be best to wait 12 months. IMO this is one of the worst times to sell in the macro cycle. Selling during the bear market is worse, but right now the opportunity cost of selling is extremely high given the likely price movement in the next year or two. Nothing is guaranteed of course.

theravencromwell

Bitcoin Fundamentals by Preston Pysh is the best IMO

stanley_fatmax

This sounds condescending, but it's true. People are constantly losing their self-custody bitcoin. If you're not comfortable, don't do it. As a newcomer, your risk of losing your coins is probably higher to self loss than something like Coinbase going under. This sub recommends self custody way too early IMO. That said, Coinbase and Bitcoin generally is not FDIC insured. If the business goes under and you don't hold the keys, it's just gone. It has happened many times and it'll happen again.

hash82

Not all password managers are created equal. Do your research. But the constant FUD that you can’t let a private key ever touch a computer with internet access is doing more harm than good IMO. Just have to be smart about it.

No_Jackfruit_890

Of course, this is the same with pretty much all finance media (or frankly most media) Bitcoin is a new thing, its an unproven thing, and NO ONE has any idea what is going to happen with it IMO just buy as much as you can, hold it as long as you can, and love the fact that it is a passive asset that you don't have to waste time thinking or learning about There really is no point to listening once you get in that mindset

piggleii

Yeah maybe. But it won't tank as hard IMO if that's the case seeing as there was no mania phase which you need for the market to completely implode. NFA

neen209

ONDO is a good one IMO

Seattleman1955

As do I and I agree that Bitcoin is likely to be the best asset class but the future isn't predictable to it's best, IMO, to have options.

anaxaos

Somewhat, there will be stuff that will not go to zero till end of humanity - and then it is only worthless because there is no one to buy it. Also meaning that no one can give a fuck about it being worthless, making the statement IMO useless.

px403

Also integrates well with Coinbase, which IMO has the best off-ramps for US banks.

Historical_North_669

Trouble is Lightening is awful right now and it defeats the point of Bitcoin being a decentralized peer to peer currency. IMO Bitcoin needs on-chain scaling so we can utilize the blockchain as inteded

JustinPooDough

It’s honestly best compared to gold. The mining, the fact that it’s an inflation hedge, etc. Not comparing the two though because BTC has only existed for 15 years - IMO it needs another 50 or so to prove itself as a store of value or even medium of exchange. It could still fail in this time or be replaced.

princems2

YouTube RSI Indicator. No single indicator means anything alone IMO

LewisRamilton

Nothing I guess. But that's not going to make anyone run it, it's not like every node runner runs out and updates to the latest bitcoin core every 5 minutes. I'm still running the same version I started with ~2 years ago, there's no reason to update it. If some small percentage of people downloaded and started running 'malicious code' it wouldn't affect bitcoin at all IMO. Just those people.

satoshyy

I went from a regular Strike user to Swan to now River and think it’s the best for me. No fees for recurring boys and they have no withdrawal limits even for new customers. Just a better company all around IMO

Creme-Waste

I will make an effort and go through the links: 1. This post accuses CDC of an imminent rug bc of a likeness to another product (specifically crypto credit cards). Meanwhile, today, almost every exchange offers cards in some shape or form. I guess all of the other companies offering cards are also scamming. Kris Marszalek also answers the criticism directly under the post and explains the differences between the two products (namely, the whole exchange side of things). [https://np.reddit.com/r/ethtrader/comments/6dbkui/scam\_warning\_monaco\_ico/](https://np.reddit.com/r/ethtrader/comments/6dbkui/scam_warning_monaco_ico/) 2) The second link, I assume (it has since been deleted), accused CDC of scamming because they advertised heavily. I do not understand why an advertisement would be a red flag; neither did the post expand on this. The post received 22 upvotes. Meanwhile, the most upvoted comment with 200 upvotes calls out the OP, stating, "Please provide more than just inflammatory opinion." Also, CDC clearly was not a scam. It is still here despite this post from 4 years ago, after surviving a bank run and a multi-year bear market. [https://np.reddit.com/r/CryptoCurrency/comments/6cfw8y/warning\_monaco\_scammers\_aggressively\_advertising/](https://np.reddit.com/r/CryptoCurrency/comments/6cfw8y/warning_monaco_scammers_aggressively_advertising/) 3) The third link is a comment being discontent about the MCO conversion to CRO, which is a fair opinion. But it has been since discussed why Monaco was open to potential litigation while CRO is more detached from the CEX and thus less sus. You can disagree with this assessment, but that is your own subjective value judgment. [https://np.reddit.com/r/CryptoCurrency/comments/79zyye/seems\_like\_mco\_token\_is\_now\_dead\_sad\_story/](https://np.reddit.com/r/CryptoCurrency/comments/79zyye/seems_like_mco_token_is_now_dead_sad_story/) 4) This link accused the CDC of possible scamming in the future bc some card issuer making crypto cards went under or stopped business? Idk the whole post is weird. Only 3-4 sentences concern [Crypto.com](http://crypto.com/), making assumptions (mentioning Bitconnect and that Satoshi Nakamoto would not like crypto card ICOs). Retrospectively, it was clearly wrong. CDC did not rug; it is still here with a large user base that transacts with their cards all around the world on a daily basis. [https://np.reddit.com/r/CryptoCurrency/comments/a5b4hz/let\_the\_scams\_flow\_out\_of\_the\_window\_monaco\_and/](https://np.reddit.com/r/CryptoCurrency/comments/a5b4hz/let_the_scams_flow_out_of_the_window_monaco_and/) 5) This link calls CDC a scam bc they listed DOGE and SHIB. I guess you could call this a value judgment based on dislike for meme coins, but not sure why you included it here, supposedly proving CDC is a scam. Does that mean Binance, Kraken, and Coinbase are scamming too bc they list DOGE and SHIB? [https://np.reddit.com/r/CryptoCurrency/comments/nfyhss/fuck\_you\_cryptocom\_for\_preying\_on\_newbies\_in\_this/](https://np.reddit.com/r/CryptoCurrency/comments/nfyhss/fuck_you_cryptocom_for_preying_on_newbies_in_this/) 6) This link is a bit more complex with several points bundled together, alleging scamming bc of: * a supposed delay in the distribution of cards to the US, as they were launching first in SG and progressively in other parts of the world (possible, but not relevant anymore, I assume, with hundreds of thousands of cards out there and millions of users of the CDC App globally); * rebrand to [Crypto.com](http://crypto.com/) (IMO obviously better name than Monaco... companies rebrand similar to the company from link1 rebranding to Monolith); * MCO conversion (see my comment to link 3); * and the prior business activity of the CEO Kris Marszalek (I will comment on this a bit further below to avoid repeating myself). [https://np.reddit.com/r/CryptoCurrency/comments/biaud9/monaco\_mco\_raised\_26\_million\_in\_ico\_and\_promised/](https://np.reddit.com/r/CryptoCurrency/comments/biaud9/monaco_mco_raised_26_million_in_ico_and_promised/)

Bagmasterflash

How are the commercial rights achieved? Lawpunks much more interesting IMO.

swagamoney

Thank you. That’s the thing that was missing from similar projects in the past IMO

bittenbycoin

I think this is the governments way of saying "Please use gold to do your money laundering and illegal financial transmission, because bitcoin is not quite as fungible as gold, and a lot of work for us to try and track. Gold is better for your illegal needs as it is hopeless to track. Use gold." This is going to be the most interesting court case up to now for me. I'm curious how much weight a judge will put on twitter tweets (were they sarcastic, jokey, wink wink type statements between friends), as opposed to language in contractual T&C's. I am curious whether a judge will determine bitcoin to have been invented with the idea of fungibility and it is improper for government agencies to try and break its fungibility and reduce bitcoin investors value. I an curious whether a judge will say if it is even possible for a transaction to ever be deemed "illegal", i.e. the illegality can only be whatever agreement occurred before the transaction, never the transaction itself. The judge has a lot to determine IMO because bitcoin is so different from fiat, in fact way way way too much resting on one man's opinion, Judge Richard Berman's.

thebirdthebee18

This is hard to answer since we don’t know your situation / circumstances but simply based on your liquidity, you have some room to take some risks IMO so personally would DCA or go partially in.

rose___water

Been doing that myself automatically but stopped recently when I saw how bad the spreads are and how hard it can be to pull larger amounts of savings off the exchanges. Better to deposit to a bank and buy manually IMO.

shifty_1981

Why do it in private if you can have a decent source of income. IMO the ITC site is pretty amazing tool. Better than anything else out there I've seen other than pro-only access sites. My guess is BC has made good enough $ through investing and his business that he's more risk averse than most retail buyers and thus always cautioning instead of being too much of a moon boy like most others on YT. Soloway has never sat well with me. He's on shows and shows want predictions and too often I saw those flop. I'm guessing if he had a revenue stream like BC he wouldn't be making so many predictions. Predictions get you views and invited back to shows.

Rock_Strongo

If Coinbase was going to fall they would have done so a long time ago during one of the previous 5 bear markets when there was even less adoption. At this point, they are a tech company as likely to go out of business as any other. And if they do, it won't be massive fraud unveiled overnight, it will be a slow bleed with plenty of warning. IMO of course.

Bru011

I’d split it up between a couple different locations. Shouldn’t have more than $100k anywhere IMO.

apstl88

It's not gonna happen over night, nothing good is. But IMO it is nice to know that there are projects working on L2s, EVM compatibility, even runes and ordinals. Not all solutions will be good but I am sure that some projects will emerge.

Neat_neighbourhood

Web 3 was born out of necessity and I don’t know how much of an impact it will have on the internet, but it will allow people that spend time online to actually own their virtual assets. That’s all you need to know about Web3 IMO

Seattleman1955

Better to just learn to buy when the BTC price is low(ish) and hold. If you sell when it goes up 100% you have to pay 15% in tax (20% after a certain amount) and then you have to buy in at the right point. Just hold if you don't actually need the money. In hindsight it's easy to see the top and the bottom, in reality not so much. You sell and then it continues to go up. It crashes and you think it might go down lower, it doesn't and instead goes way up. Will you actually buy then? That's not to say that there are no reasons to sell some of your Bitcoin. If you want to take some off the table to diversity or to hold cash that you need to spend during a down market, that's fine, IMO.

KateR_H0l1day

But the CDC ecosystem doesn’t have extreme spreads, you definitely don’t need to worry about that, provided you learn how to use the system! I can only talk about my own experience and I’m US based, not UK, but I believe they have the Exchange available, besides the App! So it shouldn’t really be that big of a concern actually, just IMO of course!

Squirrel_McNutz

OP I just saw by chance that today Ran from CryptoBanter named Arwaeve as his #1 high conviction play of this run. Thought i'd mention it to you. Also Virtualbacon and many other big influencers have it high on their list. IMO while we shouldn't always listen to influencers, it is a good thing because crypto is an attention economy and if the big names are backing it this will bring a lot of eyes/buyers towards it. Regardless on any of these people, Arwaeve has been my highest conviction play since like $3.5. I'm still buying it now even being almost 10x up from the prices I was initially buying it at. Mark my words, it will outperform Avalanche by multiples. !Remindme in 6 months

jawni

I think just as many people care about the tech, the only difference is that now the cash grabs aren't pretending to care about it. IMO "the market doesn't care about the tech" is just cope that people tell themselves to keep conviction in their bags when they underperform.

GoreKill_Trout

You could TRY to do that. Easier said then done. Timing the market is extremely difficult. IMO, best to take some profits when you need to pay some bills or need living expenses.

Jpotter145

>**The attack required the user to follow step by step instructions to claim the reward which ended with the victim entering their seed phrase.** Sophisicated enough to use a Ledger, but not bright enough to keep the seed on lock down or follow basic instructions included with the Ledger. IMO they literally just handed 1M to a stranger.... I'm more baffled by how do people like this even acquire that amount of money before giving it away in some non-crypto scam. [https://support.ledger.com/hc/en-us/articles/360005514233-How-to-keep-your-24-word-recovery-phrase-and-PIN-code-safe?docs=true](https://support.ledger.com/hc/en-us/articles/360005514233-How-to-keep-your-24-word-recovery-phrase-and-PIN-code-safe?docs=true)

RunningIntoWaves

This is a great response although IMO miners do have an influence on adoption rates. eg if miners are too reliant on transaction fees it will compromise Bitcoin's use case as a digital currency as transactions will be much more expensive compared to traditional currency systems.