All this bickering when the question is, is this going to pop up to 120k here? Or is it going to come back down to 80k? One or the other...
.25% is not bad at all. But if you ever want to feel the real use case that Bitcoin has to offer, then a crypto exchange is where it's at. And most exchanges here in the US have strict regulation and tight security, (if you even store your coins on the exchange), and also cover lost funds that are hacked. But the thing I like most about owning my own coin is that you can instantly convert it to any other token you want. Lets say I want Solana, well then I would find a BTC/SOL trading pair and BAM! Solana will be in my wallet immediately. And this is benificial because you can be more profitable trading alt coins as well as stable coins, and you can trade 24/7 with the crypto exchanges. But do whatever you feel comfortable doing. Bitcoin is just like gold, there is more than 1 way to trade gold
Well if you are trading then clearly there is an advantage to holding bitcoin...but if you are hodling there is really no advantage at this point...especially when you factor in TFSA accounts and the liquidity if you need some cash...and no risk of loss or theft, or fing up a fork lol.. or the hassle of storing your keys. Also, what about the custodial mess when it comes to estates...how many bitcoin have been lost this way?
if we compare in proportion to previous post halvening rallys. 2016 rally had a 3056% increase with an 83% retrace. 2020 rally had a 566% increase with a 76% retrace. 2024 a 107% increase with a 70% retrace?
One Question: If $BTC will succeed in being the worldwide accepted currency, and as expected will be keeping on going up in price, and as reality is, most people have their netvalue in their Home and Car etc, so if BTC will keep on going up in price, the value of everything you own, where most of the average guy's money is, will keep going down... so what did we gain ? Are all BTC fans planning to hold BTC only, rent a house for life, lease a ferrari for life ?
The ability to stake is a good feature. Not so much with Bitcoin but almost any other alt coin including stable coins. I'm collecting 8% on Solana right now, which is amazing, there are even some storage sites offering 14% like Soil. Collecting 8% until you are ready to trade is a huge advantage.
Yeah until the next FTX scandal. No thanks. I can get way more return from dividends for equal money.