BTCUSDT20241002C68000
Bitcoin / Tether USD Oct 2 2024 68000.00 Call
crypto

Here are some common ways people create seeds :
1) **Easiest and Free but slightly less secure than other 2 options** - in ios or android install an open source wallet like blue or green . Copy down the 12 seed words and 1 or multiple addresses . send Bitcoin to the address and after confirmed received delete the wallet . Optional - create a watch only wallet with exporting the extended public key before deleting the wallet
2) **easy but will cost ~65usd typically** - buy a hardware wallet that you use to create the paper wallet with, Copy down the 12 seed words and 1 or multiple addresses . send Bitcoin to the address and after confirmed received reset the hw wallet or don't
3) **more complicated but free** - setup a linux live usb with tails , boot into the live usb with bootloader options on your computer and stay offline , use it for a minute , start electrum that is preinstalled , backup your wallet on paper , send Bitcoin to an address associated with that wallet , confirm BTC is received in a block explorer on a separate device, reformat usb
Ideally you also export the xpub and create a watch only wallet to create unique addresses per transactions for future deposits as well

Acquired as much BTC as possible because the value has a habit of increasing. Selling as needed to fund retirement.

Strategy isn’t a Ponzi scheme. Ponzi schemes have no real assets, whereas Strategy holds a massive, fully disclosed Bitcoin treasury and uses long-dated, low-interest unsecured convertible debt, so there are no margin calls or forced-liquidation triggers. Even if Bitcoin had an extended crash and they eventually chose to sell some, they hold enough BTC to cover many, many years of dividend and debt obligations. You can call the approach aggressive or too volatile for your taste, but structurally it’s nothing like a Ponzi and operates with a responsible level of leverage. True North breaks down the math well if you want the details.

You might want to try BYDFi. I switched over during the last BTC crash just to test execution speed, and it handled surprisingly well. Orders cleared instantly even while others were freezing. It’s one of the few that actually feels optimized for volatility.

It depends where you bought. If you bought at the beginning of 2023 you can hold. BTC drops by -87%, then -84%, -75% I guess next drop could be between -70%/-65% from 126k$.
If cycle is still the same, the drop should finish in 44 weeks now

Hard to figure that out because the block size is still above 1 BTC. One block is 3.25 BTC with an average of 266,000 kilowatts/h for a solo miner (or about 61 homes in America)

Lmao the "Kim Jong-un stealing the Mona Lisa" analogy is actually perfect for explaining why Saylor's "never sell" promise is basically financial suicide

That ponzi ratio curve looking spicy AF, basically showing how they're bleeding more cash to keep the dividend illusion alive while actual BTC purchases shrink. Classic ponzi math but with extra steps and SEC filings

More upside maybe but wont ever be as scarce as BTC or accecpted as digital gold, Also I feel like BTC is more predictable while eth is a moonshot.

ASST'S value is highly dependent on BTC due to their business strategy. Positive BTC trend has the possibilityof returning it to their pre-October value of $5-$7. Combine that with a big catalyst and adding the fact that it already has a lot of attention and it could go even higher.

No, you should listen to me when it comes to BTC lol.

BTC is part of the system. It got hijacked and assimilated.

Buy $5 worth of BTC on every correction and sell it for a 2x or 3x gain. Easy money

Did you settle to USD or BTC? How much extra do you have in your pocket because you accepted bitcoin instead of card?

Lol. Key Opinion Leaders (KOLs)… most of them are calling for a bear market. BTC didn’t even manage a 2x of its 2021 ATH, and the average daily price in 2025 was still about $11k short of matching 2021 in real purchasing power. That means miners are effectively earning less, not more.

Buying the cycle means...
The cycle goes up three years and down one.
We are currently in year three of the cycle, the last month.... Aka the bull run... Where a new all time high is created in year three.
Year four BTC loses 70-80% from it's all time high of the cycle... So from 125,000.
In the four year cycle you measure it from low to low.
Buying the four year cycle means... You buy as much as you can in years one and two of the cycle.... The accumulation years.
Year three you ride the gains... If you want to sell you do so near the last quarter of the year.. this maximizes gains.
Year four you sit out... Watching it fall 70-80%.
Year 1.. hopefully you saved money by not buying year three and four... And take any gains and buy as much as you can...lump sum always beats DCA.
By buying the cycle like this... You get the cheapest BTC of the cycle... In the past it has not gone lower than the low of the cycle.
Follow Bob Loukas ... The four year journey on YouTube... He turned 100,000 into 1.3 million plus 27btc.

From Grok…
**What does the bank actually prefer?**
In practice, banks overwhelmingly prefer Bitcoin-style collateral when it’s properly structured.
Here’s why:
• With a house in 2008
• Foreclosure takes 6–24 months (state-dependent)
• Legal fees, eviction costs, property taxes, maintenance, vandalism risk
• Forced auction in a falling market → huge losses
• Carrying a non-performing loan kills their balance sheet ratios
• They end up owning a depreciating, illiquid, unique asset
• With Bitcoin collateral in 2026+ (via a proper DeFi or institutional setup)
• Collateral is in a multisig escrow or smart-contract vault
• Price drops → margin call → if borrower doesn’t top up, liquidation happens in seconds
• No court, no sheriff, no auction, no carrying costs
• Bank (or the lending protocol) sells the exact amount of BTC needed to make the loan whole, often at a small premium
• Remaining BTC (if any) is returned to the borrower
• Zero credit risk for the lender
Result: the lender almost never loses money on a properly collateralized BTC loan, while they routinely lose money on mortgage foreclosures.
So yes — banks (and every institutional lender) would much rather lend against 150%–200% over-collateralized Bitcoin than against a house. That’s why institutions like Ledn, BlockFi (pre-collapse), Mt. Gox Capital, Fidelity Digital Assets, and many CeFi/DeFi platforms already do billions in BTC-backed loans.
…and directly about your assertions about equity. I bought a $300k valued house from a bank for around $120K. It wasn’t that there was no equity for the previous owners and their HELOC, it is that the equity evaporated. With crypto, it is easier to over collateralize and to maintain the margin as well.

Really the error was believing that the 4-year cycle could be used as a predictive strategy.
A lot of people still haven't learned this yet, so they're going to get burned in the future also.
And BTC maxis haven't learned the lessons yet either.

Seems like ETH has done fairly well against other alts over the last one year? Any notable coins (non BTC) that outperformed eth. BNB, xmr, xrp come to mind. Any other?

BTC is a bit of an exception in the crypto market, but past performance does not guarantee future returns, especially now when BTC is clearly reaching its price limit and is providing ever diminishing returns (it didn't even double from its previous cycle peak of $69k).
DCA-ing into BTC near it's ATH and also everything over or close to $100k is a bad idea.

I bought 2,63 BTC in 2017 that eventually ended up on FTX for "long term storage" - learnt my lesson like the stupid bitch I was for making that decision.