BTCUSDT20240208C41500
Bitcoin / Tether USD Feb 8 2024 41500.00 Call
crypto

My uncle is in his late 60s. Smart guy, bought a decent chunk of BTC back in 2013 and just left it in cold storage. To him, it's his retirement safety net and proof he was right about sound money.
Last month I was helping him get his paperwork in order, and we had to figure out how to actually pass this on to my cousin (his 24-year-old son).
That’s when it hit me. My cousin doesn’t care about Austrian economics, the halving, or fiat debasement. He’s drowning in student loans and trying to save for a house. To my uncle, that BTC is pristine collateral. To my cousin, it’s basically a lottery ticket that solves his immediate, real-world problems.
When that transfer eventually happens, a lot of those coins are probably getting sold. Not because he’s a "paper hand" or doesn't believe in the tech, but because he has real life stuff to pay for.
We spend so much time in this sub talking about institutional adoption, ETFs, and "never selling," but we kind of ignore the demographic reality. A massive amount of early adopter BTC is going to change hands in the next 10-20 years. The heirs inheriting it won't have the same psychological anchor or conviction as the people who bought at $100 or $1,000.
I'm not selling a single sat. Long term thesis is intact for me. But it made me realize that "HODLing" is often just a phase in someone's financial life cycle, not a permanent personality trait.
Curious how you guys are actually handling this.
If you’ve been around a while, how are you structuring your inheritance so your kids don't just dump it all at once or get scammed trying to access it?
And if you’re younger, be honest: if you inherited 5 BTC tomorrow, are you holding it forever, or are you selling a chunk to buy a house or pay off debt?

Not sure. I lost faith in BTC when it decoupled from the tech bull run even with all the ETF and institutional adoption.
People cite the four year cycle being a catalyst for the recent price drop, but it could also be AI stocks taking up market liquidity.
That being said it could easily hit another ATH. Clarity act and more crypto friendly legalisation could be crucial

No 1 knows 💩 F
TEMU 🔮 DON'T WORK
Will alt 💩coins climb when BTC finally does? Historical YES, but is it guaranteed. NO
Again no one knows anything.
Alts will be dead if this 💩 doesn't turn around in the near future.
Only time will tell.

Thanks, I hope this works for y’all tho, but Im not really optimistic about anything other than BTC/(maybe)ETH.

Nah I’ll take ratio gains whenever I can get them. We gained .02 or so and held it for a while now. Theres catching up to do before people cycle into BTC again

I want a strong BTC and stronger ETH

last thing you want near these lows. A strong BTC is a sign that crypto n general is strong. This rising ratio near lows with low volume is not good at all.

Don't worry they won't buy now, when BTC is cheap, they'll buy in a few years when it's at 150k (but you are correct that they will panic sell when it drops)

And Trump will ruin everything with one post on X. BTC is -55% from ATH. Buy it now and you’ve got a safe 2-3x. Come back in 2 years and you’ll have better returns than 99% of investors.
We could have a bull run next year according to the cycles, but a global financial crisis is hanging over us and we don’t know when it’ll hit. Worst-case scenario is we get the BTC bottom this September/October and the crisis finally hits the following year, dragging BTC even lower.
My strategy is that I’m buying BTC right now on the dip, 50/60% off the top, and I don’t give a f\*\*\* whether it’s a bear or bull market. If it’s cheaper a year from now, I’ll buy more.

Bitcoin on the Lightning Network or Bitcoin on the Liquid Network would be the next Bitcoin. There’s also wrapped versions of bitcoin like WBTC and cbBTC on multiple chains.
Both Monero and Zcash have done well because they offer wallets that use privacy by default. Litecoin requires you to do a little bit of extra work to make privacy happen and the average user isn’t articulate enough to make that happen.
Address for the record I do have Litecoin and I don’t have any Monero or Zcash. If I owned a Time Machine, I would not have bought any of it though. I would just stick with bitcoin and defi coins pegged to the price of bitcoin.
I noticed you can buy litecoin on Fidelity. You can transfer it also. Might be a great option for someone that chooses to not use a hardware wallet.
Over the next 10 years I don’t see LTC/BTC price returning to where it was when Charlie Lee sold.

I purchase BTC weekly and will keep doing so. Generational wealth for my family! You can never have enough. Only will be 21 million ever available. And many have been lost in wallets, or spent, and that will only increase the price and decrease the available supply!

4% cash back in the form of BTC

If it's your BTC then only you can move it. You do have your private keys right?

Und wer Bitcoin gekauft hätte vor 15 Jahren… blablah 😁
Meine ersten 60 BTC haben mal 50€ gekostet.
PS es ist nie zu spät

Same answer as always:
1) get enough BTC that if people here are right, you’ll be rich
2) buy a house
3) get enough stocks that if the people here are wrong, you’ll be rich
4) the rest to BTC

For sure. Who created BTC again?

I bought BTC when it was 90.000$
I have spent about 25K USD, and since then I have not touched it. It was supposed to be left for retirement.

BTC.

DCA and average down.. BTC probably won't get much cheaper than it currently is. People are expecting the 4 year cycle to play out and it's getting front ran before the expected October low of this "4 year cycle". And if the 4 year cycle holds true, next year is going to be absolutely juicy. STRC should return to par soon, and MSTR has increased their cash position to secure STRC and/or possibly buy up more BTC with it. Just DCA and let it bring that average down!

Hell no. Just stick with ETFs. BTC is a horrible investment