LONG

IAmSomewhatDamaged

Kraken and CoinBase aren’t just like all of those shitty little exchanges that have been shut down over the years tho. CoinBase has been active in crypto legislation and has been around a LONG time. I understand it isn’t 100% safe though.

Self_Blumpkin

If I went by this reasoning I would have killed myself a LONG LONG time ago. I cycled through thousands of coins in the early days. Mostly spent on sites that ended with .onion. At the end of the day I can sleep because no matter what my cost basis was on those coins, I would have assuredly sold them when my investment had 10x'ed. Not only that, back then Bitcoin was Magic Internet Money. It wasn't the store of value, gold replacement, investment opportunity that is today. Bitcoin was invented to be money. I no longer think that's the case. Bitcoin is a terrible coin to use as a coin to buy a coffee, unless you like spending $40+ on a coffee. Lightning isn't there yet. Probably never will be honestly. So yeah, I could be worth a half a billion dollars today. But I also could have bought Apple stock when it was a few dollars. I didn't do that either, so I'm not going to lose sleep over that. I'm so sick of seeing posts like this. No one can tell the future.

bla_blah_bla

It depends on 1) the cost difference between your leveraged spot trade (cost of borrowing for how long plus the risk of changes in interest rate) and that for a perpetual futures contract (the funding rate which on ETH is mostly positive: that is you, as a LONG, have to pay the SHORT, for as long as the contract is open, a changing rate that depends on demand for LONG positions) 2) the risk profile of liquidation (when you get a margin call if ETH goes down and how much collateral you can/need to add to avoid being liquidated) for the 2 instruments might be slightly different. But that depends on the exchange. For small amounts, unless you're interested in the details (you should be, as an investor) the 2 instruments are probably equivalent.

ALiteralHamSandwich

Pretty sure they'll be waiting for that paycheck for a LONG time...

Alternative_Log3012

Well, to be fair, you are the one shilling a chain that is long, Long, LONG, LOOOOOOOOOOOOONG dead.

No-Building-3798

I had the same thought when it was at 20k. Think long term. If it drops 50% just add to your position. Think LONG TERM.

JerryLeeDog

It's already the TCP/IP of digital money. It succeeded. Now will just be the adoption curve of monetization, which takes a LONG time.

LastMinuteDave

The reason why I say it's not slowing down is due to the fact that there's essentially been a linear increase of holders over time. I'm not talking about a single day, I'm referring to the fact that the traction gained right now can suppose a greater movement to come should the post-halving boom truly occur with BTC and ETH. LONG TERM. This thing is gonna move.

XRP_SPARTAN

the post is about the LONG TERM. 9 months is nothing. Solana is a pretty new token.

Informal-Extent9764

Aliens could land tmrw, Russia might nuke Ukraine in a week and everything goes to shits! Anything's possible! But, when you're trading, you better have a gameplan, otherwise you'll lose your shit real fast. The best gameplan for long term so far has proven to be projecting past cycles onto the future while also allowing for variations in timelines, volatility etc. GamePlan 1. Don't go all in. Assume that black swans are possible and it could all go to shits. Invest amounts you're willing to lose! 2. Once that's established, if you're still in, assume that the bull market is not over since this is still in line with previous cycles. 20-30% dips are nothing in crypto. If you still have ammo left, buy the dip. If you're losing your shit rn, then you're not cut out to play in this market. 3. Have a clear exit plan. Mine is to start selling (slowly) once it passes 90k. In my experience those who get rekt are, 1. retailers who are new and buy the hype. 2. Those who are very arrogant thinking they can time the market or that they somehow know or understand something others don't. Those are usually the ones who do margin trades and get rekt real fast. Then they become bitter and start shitting on crypto. This market requires patience, requires humility. You can't outsmart this market, that said this market is not your enemy and is not out to get you as long as you respect it and respect the long-term cyclical nature of it. Fundamentals vs Technicals: The most fundamental thing in this market is that Blockchain technology and crypto is not going anywhere. 16 years in the bitcoin has not been hacked despite it's $1 trillion market cap. This technology is in line with printing press, internet, etc. The genie is already out the bottle. You can't put it back in. This one fundamental trumps all other fundamentals. Mt Goxs, China ban, FTX and other exchanges/funds going down, SEC hostility - just to name a few. In the grand scheme, all of these events were just a small bump in the road. The reality is that Bitcoin is ANTI-FRAGILE. The more stuff you throw at it, the stronger it gets. This is the most important fundamental. Which means IN THE LONG RUN BITCOIN IS GOING UP (disclaimer: unless aliens land or we nuke each other to stone age). That said don't try to time this market or you'll get rekt.

Payl0adZ_

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LionRivr

How is this FUD? I am pro-BTC, and this is simply not the greatest news to hear in the short-term. Whether you like it or not. It’s an actual fact. It’s a DTCC regulation with a provided source, and it’s a potential reason for the price movements we’re seeing right now. It makes clear sense to me. BITCOIN in the LONG RUN, however, is not going anywhere, regardless of what WallStreet is allowed to do with it.l or not.

DogCallCenter

First off, using a home sale is a tricky one because assuming the house has been your primary residence for 3 of the last 5 years, you get to subtract 250k (if single) or 500k (if married) from the profits tax-free. But let's use a more practical example. Pretend you make 1,000,000 LONG TERM profit in bitcoin one year, and you are SINGLE and this is the only long term gain you have. Today: * The first 44,625 you make is taxed at 0% = $0 * The next 447,674 you make is taxed at 15% = $67,151 * The remaining 552,326 you make is taxed at 20% = $110,465 Total tax = $177,616 I'm not sure what the tables look like for the Biden proposal BUT the note says: > Long-term capital gains and qualified dividends of taxpayers with taxable income of more than $1 million would be taxed at ordinary rates, with 37 percent generally being the highest rate (40.8 percent including the net investment income tax).18 The proposal would only apply to the extent that the taxpayer’s taxable income exceeds $1 million ($500,000 for married filing separately), indexed for inflation after 2024.19 The reason I used the "today" example is to remind you that the % does not apply across ALL gains. Just "gains over $X"

Yorn2

Schiff's first comments (that I could find on the Internet) on Bitcoin were when it was under $1k. Here's an actual quote: > "To me, it looks like a modern-day Tulipmania... I don’t see bitcoins as an alternative to gold. If anything, [the creators of bitcoin are] modern-day alchemists, but you can’t make gold digitally. It’s no better than a fiat currency." -- Peter Schiff, Squawk Box, November 12, 2013. Bitcoin's price at the time was ~$375. He went on in that segment to talk about how it was a "bubble". It certainly was bubbling in November of 2013, but after it flew above $1k that month, it fell slowly to $160 by mid-January 2015. It's important to note that if you would have purchased Bitcoin AT ANY POINT during this 2013-2014 bubble popping, you would still be up at least 50X on your investment today. Bitcoin then went on a huge three year accumulation before having another bubble pop below $20k in 2017. It never dropped back down to $375 again, let alone below $1k. Also, when ponzi schemes or actual bubbles pop, they don't lose value slowly, they lose value quickly. Bitcoin is different. Some say it's anti-fragile. It's unique. I don't know how someone like Schiff, that has followed Bitcoin for SO LONG that he's watched it survive not just one or two, but three bubbles would honestly think that it won't survive this fourth "bubble". Technically you could argue that this is the fourth bubble or super-cycle in the nascent cryptocurrency. But in any event, there is absolutely no explanation as to why Peter Schiff still irrationally calls Bitcoin dead or dying. There's only one explanation for why he continues to comment negatively on Bitcoin; he's being **intellectually dishonest**. I wish someone in the media or another Bitcoiner would get on stage and simply read this verbatim: "The tulip bubble didn't survive more than five years, let alone ten years, and it wasn't worldwide. Peter, you first called Bitcoin a 'Tulipmana' in November of 2013, when it was under $1k in value. For over ten years now you have called this worldwide phenomenon a 'bubble'. Isn't that at least a little disingenuous?"

throwawaysnitch4cash

Multiple copies of the same metallic cold storage wallets buried at several different locations and you're good. USBs can fail. Hardware wallets like Trezor can fail (just Google: Trezor stopped working). The ink on paper wallets can fade. But a stainless steal metal backup wallet can last a LONG time.

Ammarkoo

It is nice to see a real LONG TERM project that isn't a quick pump and dump ...Active and honest team

chetmcgee

Of course it is an issue. Saying something is “an issue” is a long long long long long LONG ways from anything close to the hyperinflation of the sort you are banking on. Bitcoin might be a good investment but it won’t because we hit hyperinflation in either of our lifetimes. The Federal Reserve is becoming more competent, not less. The dollar was proven to be the world’s safest haven during the last crisis (2008) and will prove to be so in the next one too.

analogOnly

the exchange is LONG gone.

IncubusInYourInbox

Regular banks do very much create new money every time they issue a loan. The way you are thinking about it is an outdated and discredited model - they haven't worked that way for a LONG time.

xhermanson

Enjoy the maggots. she been dead a LONG time. have fun!! lol sick fuck. necro much.

SteveW928

I won't downvote, but I don't think you understand the principals behind Bitcoin. I agree with the warning, as anything can potentially fail, so some amount of 'backup plan' or diversification is probably prudent. That said, Bitcoin is designed to be the most sound form of value storage, so unless it utterly fails - LONG TERM - it has to keep going up against fiat. This isn't speculation, it is math. What is speculation, is that more and more humans (the crucial part of economics, period), will come to recognize this, and store more of their value in Bitcoin vs other potential options.... combined with people who are speculating, and trading in/out. This does cause volatility, but as we've seen, the overall trend has been up (against fiat, which devalues over time). This doesn't mean Bitcoin is the only, or even best ***investment***. There are others which might outperform it in a given timeframe. It also doesn't mean you should only HODL Bitcoin, because some of the potential uncertainties could be devastating (no matter how valuable Bitcoin remains). For example, what if the gov't in your country goes crazy and tries to confiscate it, makes it illegal, or closes down all the on/off ramps? I think this is a real possibility in some places. You're then forced to try to move countries (not an easy thing), hide from the law/gov't, etc. For this reason, having some balance to your portfolio is a good thing, even if you'd have come out financially ahead with nearly everything in Bitcoin. No, Bitcoin is not just wild speculation.

adril85

There is no investment in negative interest, if you invested in bitcoin thinking it is an investment, the problem is there... Bitcoin is NOT an investment, you can treat it as an investment but the main purpose is a store of value, decentralized financial control of the state…. that’s it Put all ur money into bitcoin and in the LONG RUN, it gonna work rlly good for u Pay attention to LONG RUN, do not expect good results in one year or so

Sure_Ad_9590

Your position is understandable, but actually wrong. If you want to KEEP and PROTECT your money LONG TERM, BTC is the asset to buy. Not Gold, not Bonds, not S&P500, and definitely not a savings account.

IAmSomewhatDamaged

Study past cycles. That’s the best way to predict what the price could possibly “settle at” AFTER the peak of this bull run. Just know that once the bear market comes back, it will be a long, LONG period of negativity and super low sentiment. The price will be beaten down for a LONG time (a couple years even). This subreddit will become barren and people won’t be talking about Bitcoin nearly as much. Many people will even say that Bitcoin won’t ever recover (even tho it always has). The truth is, nobody knows how low it will dump after the absolute peak of this bull run. It typically starts dumping slowly over time and won’t happen immediately. Where it “settles” can be BRUTAL though (80% drops have happened in the past). I was just Googling this info and a source says that the price typically settles about a year after the peak of the bull run (not sure if that’s 100% accurate). Just study past cycles and gain as much knowledge as you can so that you’re ready!!

ecruzg

This obviously won't happen right away because there's still supply on CEX but... With the speed wall street ETF are buying at some point in time CEX will be force to buy to the people who owns it.... And wall street will pay the price to BIG miners company... This for me is the BIG PLAY LONG TERM. AND about the Monopoly and controlling the price artificially 100%

Amber_Sam

He cam back a couple of years ago and left a message at the bottom of the description: **EDIT JUNE 2022 (11 YEARS AFTER THIS VIDEO): TRADE HILL NOW DEFUNCT, GOX IS LONG DEAD, BITCOIN TO THE MOON, IGNORE SH*TCOINS AND HODL ON.**

Infamous_Network_341

What are you talking about? Everybody and their dog knows what crypto is now. Bitcoin hasn't been pennies in A LONG TIME. What's this "a few years" nonsense? None of this post makes any sense.

Tebundo

I'll buy enough for about 10 people myself on that day. DCA every dip and HODLing for a VERY LONG TIME!!!

Self_Blumpkin

If I’m not mistaken, Bitcoin already has quantum resistance. A quantum computer, accessible to all humans, is a LONG way off. I don’t know much about the nature of bitcoin’s quantum resistance but I can only imagine that it can stay ahead of the curve. It’s safe to say it won’t be broken in our lifetime. And if it’s coming down the pipeline I’m sure layers of protection will be built on top of it to secure it. I don’t know how that will affect legacy addresses though. The protection would need to be retroactive and unnecessary to opt in.

Handlermeister

This is assuming that the $8B exist in the first place, that he somehow still has access to after 20 years, AND that the funds are somehow not noticed by the Fed once he does come out of prison. (If… 20y is a LONG time.) Also, it seems that IRL consequences haven’t been thought of. Sam’s dad will be ~89yo when SBF hits the 20-year mark. His mom will be ~92yo. His younger brother, Gabe, will be 48 at this time. There’s a seriously **real** possibility that SBF comes out of prison to 2 deceased parents. His brother’s life will be near completion when he gets out… 20 years is a long time, and I can tell you NOW that even *if* SBF kept $ hidden - there is no amount that would be worth being locked up while your parents grow in their last stages of life. That’s the real punishment here

na3than

None of your concerns will happen. >Concern #1: nobody would want to run nodes to verify transactions. Yes, they will. Transaction fees will exceed the block reward subsidy LONG before 2140. > Concern #2: BTC is a deflationary currency, which means the longer you hold, it becomes the more valuable. Once all the Bitcoins that can ever exist are mined, everyone knows there won’t be any new supplies, so nobody would want to sell People aren't selling today because new coins are still coming into existence; people are selling today because they want other things more than they want the coins. Why would that be any different once all bitcoins are in circulation?

Fantastic_Cheek2561

The contrarian move is LONG Bitcoin, not short. You are a fiat conformist.

Curious_Corey

If I believe you, am I a FnIdiot? 😂 I really hope your right but I’ll be out of the market LONG before then

mdizak

I'm not overly sure about that, or at least it's a LONG way off from the AI that's currently publicly available today. For example, take a couple data centers worth of modern nvidia cards back 25 years, and have them train Chat GPT 4 on all the knowledge in the world. Then ask it how to make a drone. It wouldn't have the slightest idea how. The current LLMs just do a bunch of matrix multiplications and other tricks to predict and generate text. That's a far cry from being truly innovative with ingenuity and novell ideas.

husqyCO

Now a token pays some soulless NPC influencer to shamelessly plug their shitty project. The whole space is a joke. LONG LIVE BITCOIN...everything else can die off

Crypto_Powered

98% of the US population has already spent their Income Tax. It is LONG GONE already. Usually those in April are business owners who have to pay taxes hence why they wait until April to file. Been in the industry for 20+ years so I know the trends.

99Beers

I remember in the bear when the sub was peak LONG on matic and peak SHORT on SOL. Back then Matic marketcap was higher than SOL. Now SOL has almost 10x Matic's marketcap.

TipsyRooOfficial

ETH. I could also see LTC eventually, but that one is currently a LONG shot.

watchingbigbrother63

There have been voices trying to inform the world of the corrupt monetary system going all the way back to Thomas Jefferson and Andrew Jackson. Louis McFadden ranted on the floor of the House of Representatives that the Federal Reserve was a den of vipers and no one listened. Wright Patman, also on the floor of the House, explained the ridiculousness of our monetary system and still, no one listened. Alan Grayson, sitting in congress, asked Ben Bernanke how much money the FED had loaned foreign governments and Bernanke said "None of your business". Our current monetary system was created in 1694 when the Bank of England was chartered and given the power to create money out of thin air to buy British bonds. The fraud and corruption has compounded like interest ever since. Bitcoin was created to dislodge this ancient scam. It's going to take a LONG time and meet LOTS of resistance.

DaBoaty

Just keep DCAing and you’ll be fine! Yes, you likely missed the $16k BTC train (maybe not? 🤣), but it has a LONG way to go as far as pumping, so keep DCAing and you’ll be great! There will be people who will be just like you saying, “Damn, I missed the $69k train!”. Good luck! 🍀

According_Ad5882

this sub stopped being about the technology a LONG time ago. I haven't seen a post about lightning in months

_TheWolfOfWalmart_

This. SHED YOUR LONG TERM LOSERS and reallocate! It's important. Once I got past that mental block, I started doing much better. Who cares if you lost 50% on your hold if you move that money into a gem that does more than a 2x?

JesC929

When I bought two at $800 and it dropped to $250 for 2.5 years. Pretty stressed. $1,600 was a TON of money for me at the time. And it lost 70% of its value. Still have never sold any BTC, so needless to say I’m up and no longer stress, but that was a LONG cold winter for me, especially with my wife in my ear about what I’d recklessly done

majorpickle01

>PoW is the most trust minimized solution to consensus by a LONG shot. There's nothing even close. I don't agree, but I also see you hold the opinion strongly so I'm not going to change your mind aha. But as far as I see it, PoW works by trusting that over the long term, more hashpower will be given to pools to build fair blocks, so bad blocks will be overwritten and left as dead forks. By the same token, a PoS system like ETH works by trusting that the slashing risks for trying to post a bad block disincentivise actors, and by having multiple validators suggest blocks simultaneously then approved by attestors. I think both systems are good. PoS has the obvious weakness that if one entity holds most of the tokens, it's captured... but that's similar to BCH for example being 51% attacked because it's hash power is low. Both systems have pros and cons.

grndslm

PoW is the most trust minimized solution to consensus by a LONG shot.  There's nothing even close. Nano's whole argument against it was "only a few mining pools could 51% attack", but with decentralized mining protocols starting to be used more and more, further minimizing trust, there's literally no benefit to Nano.  Lightning can do fast & virtually free Txs, while also being MORE PRIVATE than Monero.... something not even on Nano's radar.

Lucky-Comment-66015

1. Bitcoin is a layer 1 monetary solution akin to gold. You dont transact in gold to buy stuff at the supermarket. For this use, there are layer 2 solutions like cash, layer 3 solutions like credit cards, layer 4 solutions like venmo. Bitcoin is developing and will develop all these layers in the near future. 2. Criminals were back in silk road times using it to buy drugs and all that, this happens every time less because of traceability. Everything is on chain, everything is traceable, everything is public. Fiat is used to pay for crime in order of magnitudes more than bitcoin is. 3. It was used for ransom attacks, however the blockchain makes everything much easier for law enforcement to capture bad actors. Just a few months ago, the biggest ransomware band was captured because of law enforcement's on chain analysis. Criminals are moving away from bitcoin and back to their favorite medium, cash, fiat and USD https://therecord.media/lockbit-ransomware-gang-shutdown-cybercrime-intelligence-captured 4. It's really bad for money laundering because of the reason mentioned above: traceability. Unlike fiat, everything is on chain. Criminals are every day using BTC less because law enforcement are getting better at tracking transactions which are public and imutable on the blockchain. 5. you made two arguments here. It's way too censorship resistant ( is it a bad thing that governments can't shut it down or censor it?). Second point you made was about losing your keys, irreversibility, yes it's an absolute pain and something that causes a great deal of anxiety. I believe this issue is being solved with layer 2 solutions and reliable custodial services (e.g blackrock, etc). However a good amount of people will continue to slef custody and continue to lose keys and send to wrong adresses.. 6. Bitcoin has proven to be the greatest store of value in history of assets OVER A LONG ENOUGH PERIOD OF TIME. People looking to store value should not be looking at day or month volatility but how your asset does over say a 5 year period, since you are supposed to storing, not day trading. In this regard BTC has been the best store of value there ever has been. I believe this will continue to be the case.

PopFirm5291

This cycle is the same for everyone in the past. Just bitcoin and HODL. Don't think about it. Think LONG TERM.

bitcoin_barry

Actually this is possibly not a bad idea. You will get a sense of how reckless they really are vs how cautious they really are being. Sometimes taking loans and credit is a good idea, AS LONG AS YOU HAVE YOUR FINANCES UNDER CONTROL. My cousin told me he is doing something similar, although I don't think there is any secrecy from his wife. The thing is that we've had many conversations about credit ratings, 0% interest cards and transfers, I even learned a bit from him. So I understand that he knows how to handle credit and I know he is not putting anything into bitcoin that he knows he can't pay off without bitcoin. He also has a thing he wants to pay off if he can using the appreciation of bitcoin. This is a trade, but one to improve a specific thing and something that has a fallback plan. Nuance is important, respect and understanding is also important. I still advised him that I wouldn't do it, but that I could see that he was not being overly reckless and he generally has his head on straight.

ukulele87

The truth its no one knows, if i had bought at 20k i would sell at ATH at least half, im not in the LONG run, i can wait a few years but i dont intend to hold for a decade or more. I think if you can 3x take that, wait for a dip buy and hold again and repeat. 3x,5x doesnt matter until you cash out, make sure to do it eventualy.

willjmill3

I was down for a LONG time on my ETH and BTC and now am finally green. If I cash out now, with capital gains tax, I’d probably be about even. I don’t want to be stuck bag holding again - what would y’all recommend?

SzaboSolutions

People take out debt for 70k cars , 250k boomer fart boxes homes, 100k brainwash at university. If you think bitcoin will be around, taking on debt ( AS LONG AS YOU CAN SERVICE IT) is not as dumb as it sounds… maybe if you’re a midwit, but fellow retards ( like me) and genius will understand 😝😈🧾🧾

InfoFlicker

What you wrote makes no sense. Yes, the ETFs only trade during market hours, but they follow BTC price. I guess if you are trying to day trade, an ETF doesn’t make sense, but most ETF holders are playing for a LONG position.

socalquest

Kid trader tools. Focus on the big picture. Stay LONG & STRONG BTC TO RICHES!!! GLTA!!!

Equal_Classroom_4707

Bonds expire. You cannot anticipate nor rely on a buyer creating a new contract. Despite everything you have said, do you know the term limits of every major bond group China holds in USD? Like do you understand what you're talking about.  You don't SELL a bond. It ends. It's done with. You get a new contract or do something else. If you find a new owner for the bond you fucked yourself by breaching the terms of a ... BOND. Look up bond contracts. Look up how bonds work.  The US has 200x the amount of assets in trillions, compared to the amount of US bonds China has. Japan has far more bonds.  You take LONG term bonds with a country and what happens when that country prints more money? China is making 2% on those bonds. Inflation rates have outstretched any gains they could have truly obtained elsewhere. The US essentially grants these deals with countries they perform massive trade with, it's a trade off. You get to hold the worlds reserve currency, we trade, you get to be a participant. But you also get fucked sideways, but far less fucked then if you didn't do this at all.

TelephoneSalt3361

The "severely struggle" stuff has been over...LONG...long ago...

Kinholder

You're gonna get a lot of very middle ground replies here but I was in exactly the same position you were in last cycl I'd just forgot about it expecting it to stay down longer and then realized when friends started asking me about it Imo you can still get pretty much 2x on BTC. Everyone's saying dca but that's only gonna eat into your gains. Spreading out decent chunks is probably better at this point. Dca would have been a no brainer for the last 2 years but like you said the market is awake now You could split your initial investment into 3, get your foot in the door now. Another around halving and lastly a short time after halving which will give you the best chance at a lower average if there is a pullback but I really do think ETF inflows are simply absorbing what would have been bigger pull backs Alternatives along the way would be if at any point BTC out gains your possible goals then the last dca chunk could be put into an alt Eth is still relatively behind in comparison, the first strategies could also be split between BTC eth 50/50 or whatever you decide And lastly if you're looking to get into alts but there's too many to pick from I'm not gonna shill any to you. BUT if you're trying to avoid getting instantly rugged then you could always keep yourself on an exchange that has a very well curated selection, of all the ones I'm familiar with kraken and nexo seem to have the most refined lists Again the mindset that you can get your foot in the door with a 30% lump sum can carry over to this. The next 30% around halving by then hopefully you've only seen green and your initial investment can be divided into things that you've gotten more research on in this time. And you can continue to research well into the bull market. It's a difficult point in the cycle to start off from in some ways but in other ways it's easier, if you do basic research and play your cards right then 3-5x on eth or larger alts in the next 12 months ~should~ be relatively easy AS LONG AS YOU TAKE PROFIT And you can always decide on riskier smaller alts once you're in the green. Mathematically if you divide what you got now into 3 by the time you get to spending the last 3rd your first one ~could~ be worth enough to move a bit into some smaller more risky options You'll also get a good chance to look at what's pumping and the sentiment on upcoming projects while you're waiting on the larger mcaps to get some gains And you get to skip the uncertainty of watching months long sideways charts wondering if you made the right choice Also in most places 12 month long investments qualify for lower taxes and you have barely enough time to get 12 months in and still be safely in the assumed bull market timeframe

dutchaneseskilz

Such a simple concept to have the ultimate secure reserve currency to keep score of the value you provided to the world. The famous Warren Buffet quote will apply and the transfer of wealth will be from the impatient to the patient. Most people will fail. All it takes is to hold, for a VERY LONG TIME. So simple, yet, most people won't be able to do the hard part and wall street will feast on the impatient.

SpaceFaceMistake

Here I agree, I see a dip evolving right now. BUT the techs lead to believe the bull will remain for many more MONTHS. This is also something everyone on their own need to look into the different time periods short and long and using varied Technicals analysts tools and trends to find and overlap the idea to make sure you entering or exiting or have stop loss and take profits and UPDATE the Stop LOSS regularly when in PROFIT to make for a stop loss ABOVE buy price or below sell price so you “Cant” loose. Note you MUST remember STOP LOSS drops close SLOWER and have much greater margins of loss from time it closes where profit take profits if it VOLATILITY goes up you should get even MORE than your Take Profit and same if it goes up slow to your take profit it will stop closer to the TP price set. Sorry hope you understand.  There is a lot at play here right now.   Remember 2021 and institutions were like yes let’s advertise crypto.com on major sports UFC soccer if all.. that’s NOT gone it’s more active than ever and will be pumped and funneled money while the smaller YouTubers and Influencers pump money into advertising the markets and what not for commissions and referrals etc. This season WONT be as short of a BULL run than last. Using the “4 year sections from halvings” is GOOD sometimes. But this year IS DIFFERENT. Look at all the growth in the area the space of crypto current and global adoption and the fact people will now KNOW or many will be READY NOT TO SELL OUT QUICK on LONG TERM holdings OR THEY DO AND THEY GO STABLE AND RE BUY AT BOTTOM AND RIDE IT UP AGAIN. Heck even short it if your positive.  None of this is FINACIAL ADVICE. I am not a finacial advisor and you make your own trades and decisions.  Enjoy the people who have owners crypto and have told parents to buy and get hated on go show them your balance and the % increase tell them $BTC is the 13th LARGEST currency GLOBALLY. Beating the Russian Ruple? Whatever it’s called. Yep wait for top 10!  Tell them 13 years ago this coin was worth $0.04 when large institutions took it up and made it more “real” before this it was traded and shared at prices below $0.04 USD far to as cheap as $0.005 is what I know is a price it was at before this is speciation unless you have legit screen proof or video proof. Idk I wasn’t there.. sadly. Anyhow. Te your parents and show them make them proud using crypto!!  Become a Millionaire in a year or less heck one guy did it 48 hours many do it in 7 days many more in 30 days.. millions more in 365 days. Stay strong follow the projects with good leaders and ideas that solve things and work well with others!  

jkeegan123

LONG TERM capital gains, lower taxes.

rtopete

that's huge. If you're investing horizon is short, you might want to consider having a good target to cash in some profits. if you're investing horizon is LONG.. well.... jsut HODL my man. and you'll see some serious shit.

TheCryptoAccountant1

LONG TERM SAVINGS ! stay humble, stack sats, not your keys

na3than

>This isn't a problem until 2140ish.... Wrong. The block reward subsidy will be 0.00000001 BTC in block 6929999. The block reward subsidy will be 0.00000000 BTC in block 6930000. If Bitcoin is still relevant at that time, transaction fees will be >99.999999% of the reward for block 6929999 and 100.000000% of the reward for block 6930000. If this is going to be a problem - and I don't believe it will - it will surface LONG before 2140.

spitefully_empty

Never. As long as bitcoin is alive and halving continues, bitcoin will continue as a deflanatory asset and keep going up. That is AS LONG AS bitcoin is alive. It either keeps going up forever or dies.

Average-Terrestrial

It’s ok to profit but you are lowering your potential gains every time you sell. I’m the long run you won’t have much to sell. It would be smart to reinvest, even a small amount like 60-100€ month for LONG run. Anyway act accordingly your needs, I’m not a financial advisor.

Yegpetphoto

I haven't chatted on the benefits of Harmony ONE with a non-sentient in SO LONG.

tito_807

it's i am talking to a bot, my post explicitly explain that IN THE LONG RUN returns will lower for btc while sp500 will mostly stay the same. SP500 give 7% for a century, btc will not give that in the future.

NotHappyTilUNotHappy

LINK is one of my favorite coins and I loaded up when it was between $6-$9. I've been selling on targets, but not buying enough back on the swing. It's my SUPER LONG HOLD coin now. I'm truly surprised how quickly it jumped to over $20 and has consistently stayed above ~$19 support. Hopeful to buy a bunch back at $17-18, but I'm confident it's going to jump another leg up. First world problems! I put those LINK profits into SEI at ~60¢ and that's been a beautiful beast! Another long-term hold! While I am in profit for XRP, DOGE & ATOM, I'm a little disappointed with how slowly they're farting along.

TrueDreamchaser

Great strategy and guide. Please note that OP said people looking to invest LONG TERM are best suited for his strategy. If you aren’t holding long term, you can still DCA, but set a breaking point at which you start to DCA OUT rather than IN. This is completely subjective, but find the point at which you’re fairly satisfied with the profits and wouldn’t mind seeing more, then start to follow the exact same procedure with selling. In the same manner DCAing in, protects from volatility, DCAing out does the same. Just pointing this in case you’re hoping to hold for only once cycle and then get burned because you’ve been DCAing in and never pulled out.

DogoByte

Bitcoin will go up in price forever. If you don't understand why you should really read up about Bitcoin. Reading 'the Bitcoin standard' book would be an excelent start. It will go up forever LONG TERM, but swinging up and down heavilly on the way. If you step in now, it could in theory lose 50% value in a week. And if you don't really understand Bitcoin chances are that you will panic and sell (natural reaction, I did so too in 2019) and lose money. Bitcoin has never had a lower value at any given time, than four years prior. When you invest the best way is to do this at regular intervals (eg. every month, or every week, or every day) a little bit rather than everything you have in one go. This is called 'dollar cost averaging' or DCA. Don't invest short term, but at least four years or more. If you really understand Bitcoin you will invest forever.

Fakir333

Learnt a few lessons on some alts near the top in '21. Still bag holding many in hopes to recover. But I went in big in the depths of '22/'23 on BTC and ETH. They have at this point, LONG erased my '21 mistakes.

ThokasGoldbelly

That's still not a LONG time. There is literally only one large correction per cycle lol

analogOnly

We haven't seen 80% corrections in a LONG time.

FarRazzmatazz3912

The answer to your question is far more complicated then it seems. I will try to give my personal point of view On the matter. Because, what you are asking is not if Bitcoin is going up or down, but its relationship with inflation. That is, indeed, a macroeconomic argumentation. Mainstream speaking, Bitcoin is a way of hedging against inflation, pretty much like is gold. In the relationship between inflation and bitcoin price, there is a long term and a short term. LONG-TERM: As inflation goes up ( the prices of good and services go up), Bitcoin price goes up. Because ,if the dollar it's losing its buying power, some people might turn into Bitcoin. ... Some people... It's not that just a bunch of people do that, blackrock might do that, very recent example. 1/3 of Blackrock's capital is expressed in state bonds or fixed rate paying assets, safe shit. If inflation doesn't go down, they need to turn into Bitcoin. Because the fixed rate payment is expressed in $. It's not just financial institution but business, states and people. Of course they also need to do something about inflation. Usually, the most hurt part of inflation, is the poor-ones, but that's another discussion. So now we have an idea. If inflation rises, Bitcoin prices go up. That is the long term, in the short term it's the opposite. SHORT-TERM: If what you earn is expressed in dollars, you might decide to sell some of your Bitcoins, if the inflation goes up. Because you were a rational person and you got your stacked Bitcoin to protect you from these cases ( The bitcoins stacked, grew with time). If you want to keep having your pizza night out on Saturday. That's okay because you got your Bitcoin stacked. And if inflation keeps like this, you are good to go, because your Bitcoin will keep growing. You swill sell what you earned with Bitcoin. I know that for this sub, it doesn't make sense, because you should keep buying more bitcoin no matter what. But let's forget that for a second. So in the short term, if inflation goes up, Bitcoin price goes down. this is the macroeconomic relationships. MY OPINION: My opinion... the dollar is shit. Because the entire economy relies on few people.l To understand that, you need to understand the relationship between inflation and interest rates. John Maynard Keynes are the theories that support the dollar and institutions like Fed. The Australian school might, instead, support Bitcoin. But don't miss understand, jhon Maynard didn't intend a system like this. Driven by greed and profit. Hironically speaking, Keynes was saying that a little bit of inflation is healthy and good in a fiat system. Bitcoin and the Blockchain is the revolution. an instrument that would empower people. Bitcoin could dramatically change the economy, the state would be taken out of its monetary power, which is used to finance wars. But if people don't wake up. Also Bitcoin will be used against us. PS. Yes Bitcoin is going up, but probably there will be a pull back after 2 months the halving date. Now everyone knows it, so maybe people are gonna start to sell before. But the times in history are unprecedented, it's getting dystopic, so you could say , also, that the the pull back will be very weak. Also, nobody knows.

Strong_Bug27

In 2116 all the computing power will work for 4 years (210000 blocks) just to mine 0.0777 BTC Satoshi created bitcoin knowing that he won’t be able to see all the coins mined, he was thinking LONG TERM. We have to do the same. 0.1 BTC will be generational wealth, just have to hold on to it for long enough/leave it for your family.

EirianWare

People remember 12 years from now, i will leverage x100 LONG BTC

ANMER2

Whatever happens, please update us! We all want to double our stack before the halving. There are times when it feels like a no brainer to buy and there are times when it feels like you'd be crazy not to sell. This is neither of those of times. Last time I was buying it was between 15-20k and it felt like it had dropped SO MUCH for SO LONG, and even though I thought it was going to 12-15k I still started buying sub 20. Since then it's basically been going up for 12 months so just took a small amount of profits at 42k from that trade to have some really nice real world improvements to my life. If bitcoin keeps going up I still have the majority of those buys to sell so that's great, and if it goes down I sold some and enjoyed the profits and my life is better because of it and I'll keep buying and hodling. You're buying at uncertain times, with a highly leveraged position and extortionate rates. It's a HUGE risk. Another way to think of it is this - you want to double your stack so you take the loan. There is bad recession news and all markets tank. You lose your job because your employers buisness is hit hard and no one is hiring, and Bitcoin drops more than 50%. You need to sell 100% of your bitcoin (liquid asset) and you still have an aggressive debt obligation. No bitcoin and the banks chasing you. Is it really worth it? It sounds farfetched but all these things are interconnected and the downside risk is lifechanging in the worst way.

Realistic-Jelly8133

My long term thesis is that Bitcoin doesn't fully take off until the dollar dies. Institutional adoption and the overall supply constraints of Bitcoin will make number go up in the short to medium term, but I don't think we hit escape velocity until the cracks in the dollar really start to show. And we know that they can play games with the fiat system for a LONG time. So I stack and I HODL.

Brown_Noiser

Also Fidelity has been involved in crypto for a LONG time. They started mining BTC in 2014!!

analogOnly

Personally I like FBTC because they are self custody, not relying on Coinbase Custody Trust LLC. Fidelity has also been offering BTC products for a LONG time and has some miner share as well.

psybx

The ETF approvals were priced in. Don't confuse that with the inflows being priced in, but the ETF approvals were the worst kept secret on Wall Street. Everyone knew they were coming, and traders sold the news. Combine that with GBTC converting to the ETF and people scrabbling to get their coins out of that fund, either to sell, or to transfer into other ETFs. The ETFs are a LONG term play, not a 1-2 week thing. Their impact will be seen in months and years, not days and weeks. Just wait. Most advisors will probably take 6-12 months to even starting onboarding clients into the ETFs etc. Give it time. Check back 5 years from now.

Unlikely_Emu1302

I think: When the dollar goes down, it still depends on what bitcoin does in relation, same when bitcoin goes up, so far bitcoin is volatile. it goes up, then down, then up. in comparison to the US dollar. The dollar just goes down (mostly) and over time it always has, but VERY slowly, the dollar goes down in relation to labor, and goods, so inflation happens. things cost more over time. But if the dollar dropped 50% in 1 day, and bitcoin remained unchanged, that would mean that the value of bitcoin would double, in comparison to the dollar, this should remain true even in an ETF. So if your etf is worth 10 dollars USD, and the US dollar drops by 50% your Etf would be worth 20 USD, but at that point 20$ USD would probably buy you less than what once cost 2$ because everything would change overnight. If the us dollar ever drops by 50% in one day, or anything even close to that, everything is going to change so fast, that having money in a bank, isn't going to matter at all, because our whole society will be so different, that could mean military law, zombie virus, nuclear fallout, a plague, a famine, a flood, an asteroid hits us, an alien attack, or it could be transcendence, or the invention of an energy/matter converter, free energy. A world where you don't need money, and everyone lives on a hard-drive, If the US dollar drops 50% in one day, I would assume bitcoin would not even exist, because society would collapse at least for a few generations, in fact it might turn technology back by a thousand years or more, things would remain but gasoline, and electricity would be gone. electricity for all would go out for a long time. Only the prepared ultra-rich and preppy type people would survive in similar living conditions. If the US dollar dropped 50% in one day by the end of the week it would be valueless, the US would be back in the stone age, except with guns, lots of guns, at least for awhile. There would be no food, no water, and it would be mayhem. people would be killing each other over canned foods, and bottles of water. All the US warheads would eventually go off and the whole world would be in a nuclear winter. I think its way more likely, that over a LONG period of time, the dollar will go down and bitcoin will fluctuate, and go up in comparison. If many people, and many institutions switch to bitcoin, and more and more people exchange bitcoin for stuff, bitcoin will go up, the dollar will go down, the US government will find a new way to generate money for its war machine and nothing will change for most people, some people who hold bitcoin till this happens will be rich and no one else will even notice. At some point they will be paid partially in bitcoin, and partially in USD, some people will make bitcoin, and some others USD, maybe you get paid in bitcoin change some to USD pay for things in the real world with cash or bitcoin, pay your bills in bitcoin, pay a stripper in cash, other coins will probably exist too. eventually USD wont exist and everyone will accept bitcoin derivatives, The absolute last thing you want as an investor in anything is for the dollar to drop 50% in one day, the outcome would be a dark age and you would spend the rest of your life living in an empty apocalypse world. Bullets, drugs, and water, would be the only currency. If that happens, I have been preparing my entire life wrong, I don't even have 1 bullet, There have been times where ultra inflation has happened and at the start of the week you are buying food with a wheelbarrow full of cash, and at the end of the week the money is valueless. The country is taken over by another government, and new currency is adopted, The barter system comes back," ill trade you bullets for rum, water for gasoline, " imagine that but instead of Venezuela it's the entire world, or at least the entire US, but the US pulls the strings on so much stuff, with trade, or war. The global economy is based on the USD, so many countries need it to be stable to function, The US dyeing would fuck up the whole world for a few generations maybe like 100 generations it's hard to say, like when Rome collapses because barbarians take it over, those barbarians aren't able to support the population, and 99% of people die anyways, It takes forever for a big society to build up, but just a tiny time for it to collapse, I would say were in 10 000 years of technological progress, but could lose 2000 years in less than 6 months. If you are in the upper 1% of people, nothing changes, but if you have a job, a house, a car, know what food costs, deal with your own bank account, you are going back to the stone age, with open fires, and fishing, hunting, living in groups of 150, and won't see a light bulb turn on again for the rest of your life. Things like the internet and aviation will be forgotten. Its possible we as a species have gotten this far before, and forgotten, in 10,000 years from now all that would be left is the big concrete rock base of the hover damn and the pyramids of giza. This is my thoughts not to be taken super seriously.

Brent_Forrest

Like my weiner. TOO LONG.

Rydog_78

Over the LONG run, buying will help to bring up prices. Black Rock and others buy OTC as to not create volatility in the markets. They want to buy at an agreed on set price between parties. Simply put, they cannot buy on Coinbase like you or I could. The demand for the ETF will over time help elevate prices in the next years and years but certainly not immediately as I’ve been told.

DBofficial125

I remember creating a wallet on a drive and using a faucet way back in those days. I had no idea what any of it was but a friend was really pushing the tech side of things. The pc is sadly LONG gone lol

Montana-Safari7

Everybody's investment strategy is different and so are their risk tolerances. Me, personally, I see BTC as a $100K coin, whether that is this year, next year, or in 10 years. If I was OP, and I was looking at BTC as a LONG term investment, and I had the money for a full coin now, I'd just pull the trigger now. Why wait? However, if I'm OP and I'm looking to flip it as soon as it doubles or triples, then, yes, I would just wait and see what the next few weeks or months does.

socalquest

So what? Are you a kid? Go daytrade something else. I'm LONG-TERM & STRONG 15.29 BTC. GLTA!!!

Euro347

Bitcoin has a LONG history of +- 10% days if you cant stomach it then dont invest or trade it. Its the nature of the beast. There is a super limited supply, its how it works.

Funnellboi

I'm surprised (although I shouldn't be with this sub) and how many people do not understand how ETFS work.. People disappointed the market did not pump, ETFS affect the market long term, not short term... ETFS aren't spot orders for godness sake... If theres 10b in volume, they don't go to Binance and place spot orders for people and when people sell then resell via spot orders... None of the ETF volume yesterday would have even touched the market, the BTC that would need buying at the end of the trading day is done via OTC sales with say coinbase for example.. The benefit is LONG term, these OTC sales will dry up when liquidity is removed from the whales etc, which then means they do have to buy BTC from market sales, that isn't even remotely close to being the case on day 1 ffs haha.

statoshi

There are several factors that would go into a decision to convert GBTC to a lower ETF if you're in a taxable account. * Are you going to incur a capital gain or a capital loss based upon your cost basis of your GBTC holdings? * If capital loss then it's a no-brainer to switch. * If it's a capital gain, if it's short term then you should probably hold out for long term. * If you're sitting on long term capital gains, then it becomes a question of HOW LONG you intend to hold a BTC position. If it's only a few years then the 1.5% annual fee is probably more palatable than taking a tax hit now. If you intend to hold for many years, the fee will compound and eat away far more of your holdings than a lower fee ETF and you should probably switch.

Theokyles

Yes please! nano_1gr59zy7rek93mct8yymeypydwedsuaomxhff5x1gt8aqb7skj1st8ebdzjw LONG LIVE NANO, FAST AND FREE

und3adb33f

Very happy for Cathie. She deserves to be the first; she's been pro-Bitcoin for a LONG time.

generiatricx

HAHAHAHA - AAAAAAAAAND we're down for the day by 1k now. LONG LIVE VOLATILITY!

Intelligent-Hour8077

i really do believe you are overestimating the power of bitcoin at this moment i don't have doubt that mass adoption is possible, but for me you are just preaching and you are not convicing and it is someone who wants to be convinced! Nigeria has more bitcoin usage because they have a problem with currency in their country that is the problem with your examples Nigeria have a very specific case that makes adoption stronger there and EVEN THEN the usage is still very low to consider it "mass adoption" in a online survay about 35% of the Nigerian internet users said that exchanged bitcoin, about 40% of the Nigerian population have access to internet so that's about 14% of the population that uses bitcoin (multipling this percentages) and that is in a country that adoption of bitcoin is MASSIVE in comparison to other countries there are LOTS and LOTS with countries with massive population and VERY LOW bitcoin usage because of information (India, Indonesia, Bangladesh, Brazil, México) all of then have adoption lower than Nigeria that although is not negligible it's still LOW so we still have a LONG way until mass adoption i want it to happen, but i think that information and education will have a huge role in the mass adoption movement, of course the mistakes of governments will accelerate this process but what is gonna make the difference is the steady and everyday work not the spikes and huge movements within a month

TheMysticalBaconTree

The point of DCA is to do it over LONG periods so that you get the dips too. You don’t DCA for a few months. You DCA all along the way….the ups, downs, flats, and loop-de-loops

TheDanMan007

Do yourself a favor Obtain a hardware wallet and transfer your Bitcoin to it You NEVER know when an exchange might go defunct or otherwise get “hacked” … resulting in the loss (or a YEARS LONG HOLDING) of your rightful Bitcoin With a hardware wallet, you only need to memorize or maintain secure contact with the private key that grants you access to that wallet/address I can suggest creating multiple encrypted flash drives, stored in different locations and unlocked only by you and your knowledge of the password/encryption, to store your private key/seed phrase on Under more extreme examples of Bitcoin ownership (0.03 or more), people might even have their seed phrase stored across multiple encrypted flash drives (never the entire key in one encrypted drive) which all versions of have redundancy across several accessible locations

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.

T-Shurts

Warren Buffett said buy when others are selling, and to sell when others are buying. I’ll take financial advice from that dude AAALLL DAY LONG. (Except that he’s not a fan of crypto, but I contribute that to his age and non-understanding of the foundational technology blockchain brings to things)

Umpire_State_Bldg

People in the third world are counting on you to protect Bitcoin from being co-opted by the central bankers. Also, it is in your own best LONG TERM interests to protect Bitcoin. Bitcoin made it this far with out the "help" of Wall St. criminals. Bitcoin will do fine without them. Remember this when they introduce their hard fork...

Ready_Education5326

Honestly right now, as a retail investor, looking to make some money off of BTC in the upcoming run - dont buy Bitcoin right now. Here's my thesis: What you should be doing leading in to a bull run (i.e. right now) is buying leveraged bitcoin-related assets, like the top btc mining stocks (Mara, Riot) or large publicly traded companies that have large BTC holdings (Microstrategy has almost 200,000 BTC in their Treasury, next largest is Block Inc). The math here is simple. Look at a direct investment into bitcoin as a 1:1 asset-to-profit ratio, that is to say, for every dollar that bitcoin increases in value, you will gain one dollar. If it loses one dollar in value, your investment will also go down by a dollar. Straight 1:1 ratio, super simple right? If you purchase shares in one of the upcoming btc etfs, its slightly less than 1:1 asset-to-profit ratio, maybe 1 : 0.98 lets say. This is because for every dollar that bitcoin increases, your etf share value will increase ALMOST by an equivalent dollar, minus the management fees on the ETF. So its a \*slightly\* worse return than investing in the actual asset. Now, if you instead were to buy some Microstrategy stock MSTR (which trades in fractional shares so you can buy incremental amounts) - this is a publicly traded company with 200,000 BTC on their corporate treasury and a market cap of only $10 billion, the largest BTC holdings of any publicly traded company on the planet - they have more btc on their treasury than all other public companies that hold btc in the world COMBINED. Look at the charts on trading view: when btc increases, MSTR value increases faster over a given time period - this is because the company buys bitcoin with cheap debt. It's a leveraged btc asset. So effectively, when you look at the rate of return, MSTR has an asset-to-profit ratio much higher than 1:1, more like 2:1 - as btc increases linearly in price by 100% for example, MSTR stock increases by 200% or more - twice as profitable as the bitcoin increase itself or higher. This is b/c of leverage - borrowed money - that multiplies the returns. This is how big boys make cash - leveraged profits. Alternatively, consider publicly-traded top bitcoin mining stock MARA - they have \~14,000 BTC on their treasury , which is more than 30% more than the next top BTC mining company RIOT. They are the largest pub traded btc mining stock in USA at $6billion market cap, more than x2 larger than the next largest mining company, RIOT. If you follow the charts on Trading view for BTC mining companies during bullruns - they outpace the rise in btc by MUCH MORE than MSTR - we are talking a 6x higher increase in share price than the btc price. For example, if you look at the may 2020 halving up until lets say mid 2021 - btc mining stocks like riot and mara vastly outperformed the price of bitcoin. These companies are even more heavily leveraged than MSTR. During the last bullrun, if BTC was 1:1 and MSTR is 2:1, these mining companies are getting like 5:1 returns on btc or larger. Buying stocks like MSTR or MARA have advantages over holding the actual asset BTC - they can be purchased in tax-sheltered accounts, while BTC can't. One day down the road, you will have to pay tax on your BTC profits to eventually get $CAD or $USD - whereas many tax-sheltered accounts you pay little to no taxes on capital gains on your stock holds in the account. If you sell BTC in Canada and US - you will pay capital gains tax on your BTC gains. Not sure what that is down south, but up here in Canada you are looking at 25% tax or more on crypto gains. Its crazy. Whereas I can hold shares of these companies in my tax sheltered account, and get higher returns than bitcoin, and pay no taxes on those profits. WARNING: dont get too horny over leveraged BTC assets. They can multiply the upside, giving higher returns than BTC, but if BTC crashes, your investment will go down at a HIGHER than 1:1 ratio. So the risk is much higher than the traditional asset. Personally - Im a regular dude in my 30s in Canada who has been following bitcoin for a decade. I hold the actual BTC asset in cold storage from back in the day, before I became financially literate and learned stuff like the wall of text above. This was little bits of bitcoin I bought here and there over the years, through university, while working in restaurants etc. Now that I'm a big boy with a real job, and have acquired financial knowledge under my belt and have learned about wealth creation, I've revised my strategy accordingly. I own these leveraged stocks in my tax-sheltered accounts for taxfree profits leading up to the bullrun/during the bullrun. What my strategy is, is to use these leveraged assets + tax sheltered accounts to make tax free profits during the run; selling out of these stocks mid-bull run with 100% tax free gains - then during the crash in 2026, buy the hard asset BTC dirt-cheap and stick it in to cold storage with the rest of it. Then as we approach the 2028 halving, I will do the same again - buy leveraged btc assets in tax sheltered accounts - make tax free profit - rotate those profits into actual cheap BTC during the crash of 2030 - rinse and repeat. I hope this make sense. Ultimately, its about building a strategy to maximum wealth creation during the short pre-bull/bull windows, locking in those tax free gains, and then rotating those gains into actual BTC during the inevitable crash that follows every bull run cycle. Thats the play. Just buying BTC itself, and holding through the bullrun, and then selling for 1:1 minus taxes down the road, IS NOT THE PLAY. THINK BIG PICTURE, LONG TERM. To the OP: buying mining hardware as a retail investor is actually the fastest way to lose all of your money in bitcoin. You will never make profit, You will lose what little you clearly have to invest with. Please don't do this. Explore options for buying stocks in companies with leveraged exposure in a tax-sheltered account. Go here to view which companies hold BTC in the world: https://buybitcoinworldwide.com/treasuries/#public and plan your strategy accordingly. Buying BTC 1:1 on an exchange is for the birds. Your potential for growth is stifled, there's taxes to pay, its complicated for the average user, it's much less less... this asset has been around for 15 years now, and the big dogs use leverage to make profits from assets with BTC exposure, such as the companies I listed above. They dont buy/hold/sell bitcoin itself at a 1:1 asset to profit ratio. Just my two cents. Good luck everyone in 2024/2025.

sportspadawan13

Loaded up from 29 down to 4. Glad I did but still a LONG way to go to my average of 17. Staking has gotten me over 50 DOT since May tho.