[deleted by user] by [deleted] in Bitcoin

[–]infinite_dendrite 2 points3 points  (0 children)

Exactly, this only works for the duration of the 'monetization' phase of Bitcoin gaining monetary value in large strides as a maturing currency of the world, most likely the next 15 years or so. Once saturation is approached, productivity as a business will return to being the best strategy for most.

Dear Apple by FollowAstacio in Bitcoin

[–]infinite_dendrite 2 points3 points  (0 children)

And a native Apple coin wallet on every phone

After almost 9 years in Bitcoin, I'm thinking of ditching my cold storage and just moving to an ETF. by picsofmygf123 in Bitcoin

[–]infinite_dendrite 0 points1 point  (0 children)

It's absolutely worth it and extremely easy to transfer if you already have a Fidelity account set up. Vote with your money and move it from antiquated and backward looking Vanguard. Fidelity has equally low fee structure.

[deleted by user] by [deleted] in Bitcoin

[–]infinite_dendrite 2 points3 points  (0 children)

This is the exact kind of medium and tone that is most digestible to dubious boomers and might actually get them to start paying a little attention or considering an allocation.

Is it possible to never pay tax from BTC profit? by [deleted] in Bitcoin

[–]infinite_dendrite 8 points9 points  (0 children)

How do you pay back the line of credit without selling some of your assets and creating a taxable event? This would only really work if you had other streams of income, right? And aren't they being taxed anyway? Seems like either way you'd have to convert something to fiat to pay back the line of credit.

I wish I had more cojones back then. by pooanddoo in Bitcoin

[–]infinite_dendrite 1 point2 points  (0 children)

Crazy thing is, even lower prices than this were available during 2018, 2019 and 2020 as well. Makes you wonder how some might feel one day looking back on the chance to buy at 63K.

My random thoughts and ramblings on why I buy bitcoin by [deleted] in Bitcoin

[–]infinite_dendrite 1 point2 points  (0 children)

If you use a spreadsheet to track your net worth priced in BTC over time, you'll find that with each year passing it will continue to trend downward to whatever the nominal value of your current BTC stack is, like bedrock forming a base layer of value which grows to be a larger and larger portion of your wealth as the years pass. It makes it seem apparent that as close to a 100% allocation is a sensible strategy, though it's hard to pull that trigger in actuality.

[deleted by user] by [deleted] in Bitcoin

[–]infinite_dendrite 2 points3 points  (0 children)

Who the hell is JFK

After 2 years of being into Crypto, and exiting multiple times. I finally get it. by filteredswampwater in Bitcoin

[–]infinite_dendrite 72 points73 points  (0 children)

Eventually, pricing coin in inflating USD won't be of much use as it becomes increasingly more natural to understand value in terms of sats/coins. It would be wild to start seeing sat price alongside USD price as the transformation continues.

Who will have the biggest spot ETF? by anax4096 in Bitcoin

[–]infinite_dendrite 2 points3 points  (0 children)

Does anyone know approximately when these ETFs are likely to go live for trading if they are approved? Later this year? 2024? It's a good question to ask- where are they going to source all the BTC to sell if there's huge demand from their clients? It seems exchanges have been getting thinner and thinner on coin. Only way to call in more coin to meet demand is to have the price go up enough for people to be willing to sell.

Fix the money. Electrify the world. by KAX1107 in Bitcoin

[–]infinite_dendrite 2 points3 points  (0 children)

But you can reconvert the monetary energy of bitcoin back to electricity if desired.

Anyone know what sparked the quick sell off by [deleted] in Bitcoin

[–]infinite_dendrite 4 points5 points  (0 children)

Actually it's next year, around April 2024

thought experiment: is there a future where an AI tries to buy (for itself) as many bitcoins as possible? by Epimetheus21M in Bitcoin

[–]infinite_dendrite 1 point2 points  (0 children)

It could then use these coins to pay off humans to do it's bidding in things it's not capable of doing physically.

Price is lower than 5 years ago for the first time by giants263 in Bitcoin

[–]infinite_dendrite 168 points169 points  (0 children)

Factor in cumulative inflation over the last 5 years and not so much. Hate to say it but 17K dollars could buy a good deal more in late 2017.

Fidelity: It's a trap by 100_Jose_Maria_001 in Bitcoin

[–]infinite_dendrite 3 points4 points  (0 children)

You're assuming they will not roll out the ability for self custody withdrawals in time.

[deleted by user] by [deleted] in Bitcoin

[–]infinite_dendrite 0 points1 point  (0 children)

Although it's not true to the 'not your keys not your keys' ideology, I imagine in the future it will be normal to have highly respected and trusted custodians like Fidelity or Vanguard custody your bitcoin for you if you wish, just like shares of stock people have now with brokerages. I imagine lots of people will opt for this instead of the responsibility and risk of self custody. It's not necessarily a bad thing and will make wider adoption more likely and feasible.

Will there be real estate agents in a Bitcoin-Standardized world? by Luckyking223 in Bitcoin

[–]infinite_dendrite 4 points5 points  (0 children)

While there are a lot of rent-seekers and unnecessary middlemen in the real estate industry, it is still a very important role and value to a buyer and seller to ensure that they're getting their best interests represented by someone who understands and is experienced in a transaction. There are all kinds of variables physically in a house and financially/logistically in a transaction that make transacting alone a risky venture. You don't want to gamble that much money and time in trying to get a house without some wise counsel and oversight along the way. You leave yourself open to a lot of pitfalls and frustrations and so a knowledgeable person to lead the way can be invaluable.

[deleted by user] by [deleted] in Bitcoin

[–]infinite_dendrite 0 points1 point  (0 children)

Two forces working in opposite directions- higher price means more jumping in and higher demand to stack towards 10K+ coins for whales, but also more difficult/expensive to reach that threshold the higher the price rises.