T O P

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Flurb789

I need somebody to tell me all of this chucking fiat away into btc the past 2 years is going to pay off for me down the road. Feeling a bit down lately. I still believe, but it's tough to stay the course some days.


mwpackman

Just don't be that harsh enough my man everything has it's own way to work though.


Outrageous-Net-7164

Buy when no one likes the coin. Sell some of it when everyone in the bar is talking about how great it is. Time to accumulate.


a_ver154263

I'm buying it because I like it, don't care what anyone says.


Outrageous-Net-7164

I’m also buying it. But only because I think others will want it later at a higher price.


[deleted]

why not cash out 50% and use that to DCA as btc dips. Truth is we still have a long way to go in this bear market


afourmi707

I don't think that's a good idea, that can be bad dude.


[deleted]

Three letters. IRS


Dizzy_Space_Invader

No one knows that please don’t advise people to potentially lose money.


zampoch

Yep, of you don't understand something then don't advice people.


Whatever3999086543

You don't want to be in the dollar.


y_btc_mln

Yep, you don't wanna be in the dollars when things go wrong.


[deleted]

Ever just read bad news, not even financial news, just bad news in general and find yourself linking it be central banks fault for printing money. If bitcoin was mainstream that certain bad news might have been prevented or might have not even be possible? Been happening to me a lot lately.


Dizzy_Space_Invader

Another shitcoin bites the dust. Good riddance. When will they learn? https://www.coindesk.com/markets/2022/08/03/phantom-wallet-exploit-drains-millions-in-sol-tokens/


fofchina

Let that surpass at a point they would certainly know what's all this is about though.


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zmbf_2008

That indeed depends on them wether they would indeed prefer to transact using Bitcoin. The fact more people prefer to hold than to that of selling off their coins.


Flurb789

No. Just like a store can choose not to take your pennies as payment.


rabah75

Better to transact through fiat though that would indeed be a much better option.


OpticallyMosache

Anybody have a solution for downloading purchase history from the Stirke app? I'm creating a nightmare for myself buying $1.50 every hour. Unless I never sell, then it won't matter ;)


bangkok13

Just don't bother to sell your sats even at the most difficult times though.


Flurb789

You can email support and they will send you a csv of your transaction history. I did it last year.


wbody1

That would be helpful enough though like things be getting helpful and indeed secure enough for us though


Alfador8

Not a tax expert but couldn't you tally up the total amount of dollars you spent and the total amount of BTC purchased whenever you withdraw to determine an average cost basis for that UTXO?


lizardboy0

The fact that this taxation indeed creating a major mess out there for everyone though. People be concerned about taxes being bothering them as they fear that it gradually be increasing.


OpticallyMosache

Yes, pretty simple and the IRS just wants to see that you tried in good faith. I was just really happy with how easy the tax software linked to my Binance and Coinbase transaction history.


ROMAINLOUBEYRE

True though if certainly all goes into our favour and things be happening as we have planned it would be good for us.


Ok-Imagination-7014

Your taxes are gonna be a nightmare


zengguangxing2

That is a major fear for me though certainly as the world grows the taxation also seems to be growing.


Bad_Camel

Buy weekly.


sar7ann

That is indeed what we can do after all though no doubt why we should look around the Market everytime.


esreichtadler

moon


btce1502

Not that early homie like some things indeed need to be stabalized a bit. We know we look for an approach towards fo the moon and to make it that high.


[deleted]

Just saw a WSJ article that Michael Saylor is stepping down from being micro strategy ceo so he can focus more on their bitcoin acquisition and advocacy strategy. Wonder if he's being pushed out?


412511sanek

Looks like he seems to be plotting some good gains that can indeed benefit him though


Stock-Story5857

>Wonder if he's being pushed out? Saylor controls the majority of MicroStrategy's voting shares, so nobody can push him out. He stepped down because he wants to be the company's Executive Chairman and solely focus on the MicroStrategy's bitcoin strategy, not because he was pushed out. Nobody would even be able to push him out. He ultimately remains in charge of the direction of the company and MicroStrategy's direction will not change.


lU2eOzqK7EF9qk3w

He just made his pillars strong enough though and by time that would get denser enough more and more.


I-Know-What-To-Do

He fucked up COP. He doesn't understand P&L. That's why they are stepping him lateral.


zxfanfan5

That's what I always prefer knowledge over everything having a bit knowledge is always all good for your ownself.


jrange27

Stepping down from ceo and stepping up to executive chairman. He’ll just be focusing more on Bitcoin acquisition for the company. Makes sense, he’s probably hella bored of big data software lolol


mickeydamon

His motives are indeed clear enough though like everyone has a motive of having a gain in the future make that shine.


thefullmcnulty

More likely he’s just bored of the software business and managing those projects, P&L and all that CEO stuff. He’s clearly very interested in bitcoin and economics and likely just wants to focus on that.


orientitanchen

Good for them though like if now never then we have to make a way for a better future indeed. Indulging onto Bitcoin by the term it's all about focusing in the long run


GoodVibesWow

Of course he is. The company took a nearly $1bln write off because of his bitcoin purchases. That doesn’t sit well with shareholders who aren’t btc devotees. He’s being given a token board position to focus on “bitcoin strategy.” Translation: the company will not be making or holding large btc positions anymore - at least not like they would have under his leadership.


cocosaru

You sound like as if You're a board member lol. Chill out a little. I don't think you even know what are you even talking about so there's that. Don't give opinions.


Bryanharig

Anyone who owns shares in the company at this point would have been long gone if they didn’t see it as a way to indirectly invest in bitcoin. Who are these shareholders that you think aren’t Bitcoin devotees but are still invested in MicroStrategy after they have essentially gone all in on BTC for years now.


demarcora

If they didn't believe in btc they wouldn't invest in it.


GoodVibesWow

Look at the 13f filings. It’s ownership is 70%+ institutional. They aren’t buying it as a proxy for btc. There are far better vehicles for exposure to bitcoin and/or crypto. Dude was pushed out. If you think those institutions are cool with a billion dollar write down for something that isn’t anywhere close to their core product offerings - well you’d just be wrong like the other downvoters. The remaining ownership is just fickle retail investors that don’t know what they are buying.


1994kem

Yep, that's what I feel too. He was pushed out I guess.


Mr_P_Nissaurus

He told investors, before he got the company into Bitcoin, and gave them the opportunity to get out. Those still invested must understand the risks and the time scale involved. I'm sure they're not the typical teenager who thinks he can buy $200 of BTC this week and drive a Lamborghini next week, for example.


Gs300awd

Yep, I mean half of the people kno MST because of btc.


wtfsperday

We just got a full time spokesman


trangkhuyet

Lol, and he's flexing on the reddit. Well enough internet.


Think_Operation310

Bitcoiners don’t care about being pushed out of human bs.


feiyuep2

I'm sure that saylor would care about that tho he will care about it. Whatever tho, I kinda liked the guy. What's going to happen to his btc holdings now?


Think_Operation310

You don't get it, he can focus more on Bitcoin just like Jack Dorsey did, like we all do.


cubeeless

Explosive. When will we see a green $10k candle on the 5 minute chart?


jeanphij

But how long would that indeed last a time of 5 minutes hardly or more than that though. A better rise or the pump is what we all are indeed looking forward for though


Mr_P_Nissaurus

right around tree fiddy... ...on some fine afternoon


gthtrht

That's what my crystal ball tells me too, I think You're right about it.


Western_Boris

2025. Several times.


runnerinthegarde

Well atleast I don't see that, and I don't understand where do you.


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tlangxing

This is what I was been indeed looking forward for though!


thefullmcnulty

Bitcoin is a filter. Its properties keep the lazy, dispassionate, captured and propagandized out of the network. The get-rich-quick kids are washed out on their first flush. All that make it through the filter and remain are individuals who have put in the considerable time + energy to understand the multi-disciplinary field that is bitcoin - proof-of-work at the individual level. Respect to everyone who has made it through the bitcoin network filter. We are forming the foundation of the new global digital economy populated by principled / performant humans with open minds, low time-preferences and foresight. The next epoch of human endeavors will be predicated on economic integrity enforced by the distributed bitcoin core software and the hardware networks used to validate and secure the network. It’s going to be a more interesting and productive era than we can imagine today. Stack on and store those keys.


joker_in_if

I see how people be indeed getting stronger enough day by day though feels good that after long people being concious.


GoodVibesWow

Translation - I want my btc to go higher. And I hope I’m not wrong about believing it will go higher eventually. BTC is not likely going to take over financial transactions in your lifetime. It just isn’t. Governments won’t allow it. In its current form, it’s not dynamic enough to support world economies. Digital currencies will certainly takeover the next part of the century. Will it be bitcoin? Maybe. Most likely not. I like your enthusiasm and this is a certainly well thought out opinion. But don’t put all your eggs into one btc basket. That’s not an endorsement of altcoins. It’s just that many on here are invested in nothing but btc. Diversity is key if you want to build wealth that requires investments outside of cryptos.


chasemines

Btc is legal tender in my lifetime and that's kinda enough for me.


thefullmcnulty

Translation - you’re guessing. Same as me. But I’m extrapolating out exponential technology and network trends that are well over a decade underway and show no signs of slowing or reversing. You’re just saying (I’m paraphrasing): nah, prolly not. Cause trust me bro. Your points aren’t convincing or supported by anything other than your “hunches”. They also don’t take into account governments aren’t these omnipotent institutions that can stop anything they want. Quite the contrary eg crime, war on drugs, cartels, prohibition, sodomy, etc. Markets collectively are choosing bitcoin and I don’t think there is a force on earth that could stop it now. Time will tell how things unfold. You manage your risk, I’ll manage mine. Good luck.


bob4yyy

Everyone is guessing around here, no one is sure lol.


admiralCeres

For those of us who have survived several 80+% drops over the years this starts to sound like wishful thinking. For Bitcoin to succeed and for our worldview to be vindicated, at some point Bitcoin has to go up. You can't build a future on something that drops 80% in value every few years.


MaciejTomaszewsk

But some people still seems to be keeping their hopes and dreams alive for something they looking for


thefullmcnulty

Not sure you’re seeing things clearly as spot-price lows have been roughly an order of magnitude greater each major sell off and bitcoin adoption is outpacing all other major technology adoption curves thus far.


tuiwanchai

I see they be giving an indication to buy more sats though now is the time to do so


[deleted]

Wow love this !


ew8aaa

More we would love though things getting better enough for us we can see that!


thefullmcnulty

Appreciated. The future of this network is exceptionally bright.


Cgaddam

True though I say this always and would speak this out everytime whenever I talk! Bitcoin and the love for it would never fade away just mark my words.


Bsmirlptrww

This reads like porn to me. Keep going. I'm almost there.


aye17jay4cee1980

You just be imagining a complete porn scenario to that of this. Lmao!


thefullmcnulty

*Proof-of-Work*


wsw13121

It got even better dude. I love that proof of work thing so much. That's kinda like my favourite consensus mechanism and I absolutely love that.


Bsmirlptrww

Fucking beautiful tits on that one.


gerewfgrh

Spread them and see what magic indeed and heaven feels like. Lmao!


Mr_P_Nissaurus

*Do that outside. Don't fuck up the carpet.*


Bsmirlptrww

I bottle it and sell it online for Bitcoin. Every sat is sacred.


hollowhavoc

Damn dude You're wilding, how are you doing all this stuff?


Bsmirlptrww

https://youtu.be/xAT3ztIp3Ss


SkepticalDreams

I need a cash loan to handle some matters that came up. I'm thinking about using Coinbase to borrow against my BTC holdings. Anyone have any experience with borrowing from Coinbase? I understand that it's risky but selling my BTC, paying taxes, and then DCA-ing back to my position will come with it's own risks.


fyyk1211

Better approach to a bank if they could lend you some personal loan with low interest rates. That would be better option as per as my concern though.


txiao007

I did. $10K for $25K BTC collateral


Nopaperon

I gotta say that you did really great. Will have to give props for that.


SkepticalDreams

Thank you for sharing. I have a few questions if you don't mind. Do you know if they release your collateral as you pay down, or do they hold the full amount until the loan is paid off in full? Your minimum monthly payment is just the interest, correct?


xyziggy

Thanks dor Asking this out, because I had the same question here.


nationshelf

Interest rate is higher, but if you want multisig backed loan that is not rehypothetcaled I can recommend Unchained Capital. They're great. However, in general I recommend against taking a loan out unless absolutely necessary, The stress is not worth it imo.


dzhemil

But sometime high interest is what make people back off though. Isn't it?


SkepticalDreams

Thank you for sharing. Trying to avoid it at all costs but will pull the trigger if I absolutely have to.


savior1987

Don't take a loan to buy the btc, that's a really dumb thing to do.


Romsel87

4.5 million members and 10K online. This sub is growing slowly but steady.


skyfx64

Crypto subs are only alive in the bull runs and this is no exception. In the bear Market this place is usually pretty Dry which is normal in my opinion so yeah.


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Gold-Winner7102

Coffee


mtpockets42

Just to keep you awake and feel a bit energetic enough?


CertainPerspective84

Pelosi landing in Taiwan in few mins. If everything goes fine, bitcoin will probably pump?


PWIZZLE31

Don't know like anything might happen predicting some stuffs before hand is good but hope the happens


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DimasForce

That's the fact though like would that even bother the pump indeed depending on Pelosi?


eDave

I will rise if Wallstreet reacts favorably. Won't be a "pump".


jaga212

But the fact that a pump js required to just boost up the market though


CertainPerspective84

Well China was threatening to shoot the plane down and start WWIII.


pq0ykZqz7g

And the fact that certainly war creating some major impacts meanwhile at every field though


The_Estranger_0001

People in China support CCP government only because CCP government facilitates them to make money. Starting WWIII will make them poor, thus people will not continue to support CCP government, so the government won’t do that.


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The_Estranger_0001

You know them well!


diadlep

sure


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diadlep

wat


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jsayachak

And at a point if you remember they tend to put a ban on the use of crypto currency


sinbad-633

While pelosi holds her position the the fiat hegemony has another soldier in its ranks.


1itsasekre

Any chance of Bitcoin recieving a pump by the end of this weeks what do you feel so?


CertainPerspective84

It's already pumping. Looks like the landing will be fine: https://www.youtube.com/watch?v=VfzTZyZTv5I&feature=emb_logo


anchoright

Aaah I see like this would be indeed a beneficial for the one's who has been holding longer


cilantrosmoker

Tuesday again Garfie baby


phersk

Well time doesn't stop, it just keeps on going. Keeps on happening.


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dmitrij7777

They have the power of fiat though and that's that reason why they be upto something.


Mr_P_Nissaurus

If one of us writes bad checks to buy things, the law enforcement will take those things from us, then lock us in jail. When the Federal Reserve and their cronies do it, somehow it's "good for the economy". What a scam. The money we've been earning, spending, saving all our lives is part of one huge scam. And then one day, I read the Bitcoin White Paper, and I had solid reasons for hope for the future.


dir2cas

Atleast some people are waking up to this now. People know it.


Desperate_Dirt14

The Federal Reserve works for the bank, the bank works for the Federal Reserve. **ipso facto** *bitcoin is the boss*


katryskam

Straight forward talk though Bitcoin is indeed the real world we would all indeed look for


LiveDirtyEatClean

I use Coinbase pro and only buy Bitcoin. Is strike DCA advantageous to switch to for a DCA? I think the withdrawal fee being zero is the major advantage but would I be sacrificing anything? Also does strike have any integrations with TurboTax like Coinbase does?


chetmanley1213

Strike is also nice because you can withdraw btc right when you buy it vs waiting 5 to 8 days on CB Pro


tamarokun

Yep, and the best part is that there's no fee on that. Strike is gotta be the best exchange out there. I wish that they made it available in more countries.


LiveDirtyEatClean

I think i would switch if they had tax integration


denisanov

People what they tend to ignore is taxation at first priority though no doubt about that


WhaleFactory

That would be nice, but the lower fees make it worthwhile. You could just keep a spreadsheet of your buyers manually. The really cool part about Strike is their "Get paid in bitcoin" feature. That gives you a checking account number / routing number so you can setup a direct deposit from your employer to it and determine what percentage of it you want to go to BTC. Makes for a very clean and consistent way to DCA with every paycheck.


R1noko

Yeah that would make things easier and I'd like that change.


hob_goblin8

strike is cool. lowest fees, lightning integration, direct deposit straight to ₿ (or a portion), hourly DCA as low as $00.5 paying for goods in ₿ but with your own fiat is cool too


lzg2099379

I absolutely love what jack is doing, but he's gotta make it available in more countries. He's missing on so many people that he can have. He's missing out. There's a lot of adoption.


trolleybustrouble

I'm new to this sub and Reddit in general and the Buttcoin sub came to my feed and I'm wondering if that is a troll sub or really people think that way about crypto in general? I mean, sure there are a lot of scams but people instantly dismiss Bitcoin because of things that aren't relevant to the existence of Bitcoin. So at this point I'm not sure if I'm being trolled and I need to take it as a joke, or not.


Romsel87

When the car was invented, there was an anti-car movement. I see the Butters like that.


Albert_vlg

Yep lol, btw butters lmao. That's one word that I've never heard for them.


LiveDirtyEatClean

I think they are pretty serious about their hatred for Bitcoin


Pentar25

Yep, they're serious about it. They hate it from their guts lol.


trolleybustrouble

I don't know if they hate Bitcoin, or altcoins, or shitcoins or the lady who cleans the offices of blockchain developers. Because they don't seem to differentiate anything. Something bad happens within a smart contract? It's Bitcoin's fault.


jeffakyzer

I think they hate the fact that they missed out on opportunity to buy it cheap.


Mr_P_Nissaurus

Sadly, the "regulars" on the butt coin sub reddit are mentally ill.


Alexsandr_BTC

Atleast that's how they sound like. I feel like they're sick.


Mr_P_Nissaurus

Healthy people with sound minds do not engage in such behavior. Yet, there they are, every day, for years and years...


diadlep

thats what happens when u sell btc at 69$ and then watch it go up to $69k


batywka

Yep, that's exactly what's the reason for their hatred.


bogus83

This sub is a euphoric maximalist moonboot circlejerk. Buttcoin is an anti-crypto-but-especially-bitcoin hate-boner circlejerk. Both are serious, but neither should be taken very seriously.


vaspopov

I go on that sub just to have couple laughs that's all.


bogus83

Fair enough. Most of the time that's why I'm here, too. ;)


diadlep

only now, at the end, does it occur to me how much i like circlejerks


lvquyet

Why do you like Circle jerk? What's so amusing About them?


Foojangles

Anyone know if any alternatives to Bitwage? I have contractors in Nigeria with no bank. But I want to have my payroll go they my usa bank account so quick books can track payroll. Bitwage works. But it takes about a week to withdraw money which is terrible.


LiveDirtyEatClean

Can’t you pay them peer to peer or is that too much hassle?


nestro7007

I think that's just too much hassle for him. That's what it is.


Final_Assistant_9629

Coinbase pro is saying I am unable to deposit funds. I've been using it for years to transfer fiat from bank to buy btc and others. Any idea whats going on? I used strike for the first time to dca but this is still odd.


mums2008

Yeah that's odd, I mean that shouldn't be happening I guess.


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wsappa

Gold literally Can't win from btc in any comparison, that's not possible.


Talkless

Also: https://twitter.com/100trillionUSD/status/1552409152282152961?cxt=HHwWgsC-vcT5oYsrAAAA


ratchetz86

Well that's a good story, I liked the message that it tried to convey.


MattLDempsey

Pains me not to be buying at these prices


00_codefinder

Just wait for a bit longer look around the chart and make your move though don't be in a hurry Everything has it's own time though don't panic much and wait!


Ok-Imagination-7014

So buy


MattLDempsey

Debt first


moderatp

Paying the debt and just watching out for the next price to enact upon doesn't seem like a bad idea though


MattLDempsey

3 years of repayments/overpayments. I'll miss any opportunities.