WTH is crypto?

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Bitcoin is one of those assets that, in my opinion, is built for the long haul. I've been holding BTC for ages, and if you look at a long-term chart, it tends to follow a pretty consistent cycle. I think of it like an investment in a long-term index fund; over time, it outperforms your typical savings account. That’s the benefit of playing the long game.

Whenever BTC dips, I add more, along with a couple of others. There are a couple I also stake. But when it comes to short-term gains, I wouldn’t use BTC or any other big-name asset unless I was confident about a specific move. It’s similar to why I wouldn’t put money in an index or single stock for a short timeframe—you need a lot more cash to see a real return, especially in the stock market. Unless you’re a “whale” with big funds or have insider info, short-term trading of large assets isn’t practical for most people including myself. But in crypto, I can make gains that I’d never see in stocks.

Today, we have a ton of tools that make researching and understanding things a lot easier. When I need to dig into a complicated question, my first stop isn’t Google anymore. I use AI (sometimes more than one) to help break down things I don’t fully understand. Plenty of times, I’ve taken posts from PhenoHunters and plugged them into ChatGPT, asking it to explain them in simple terms. I've had it create a calendar for me with a watering schedule, using my nutrient charts, timelines, and changes in mix ratios. I’ve even dictated notes to it while inspecting my plants, and I’ve had it analyze photos of them to spot any deficiencies. It’s not perfect—it’s new technology to us—but it’s already way more useful than a basic search engine. I've been testing ChatGPT's phone app which literally lets you 'talk' to a.i. and have a converstation. That's has just been tripping me out. Like an early version of star trek computer.

If you’re not big on change, I get it—new tech can be intimidating. But don’t overlook it just because it feels unfamiliar. Give it a solid try, and you might find it’s more useful than you expected, no matter what you’re trying to do from asking it about crypto, to making next weeks meal plan with full recipies or maybe even analyzing the last 20 years of your grow notes. It loves data. It will find things you did not think about.
 
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DemonTrich said:
I held it for 2 yrs. It just went down, down, down, down. Then finally up.

I made 900+ on early buy-in on shibuinu. This took 1 week
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Shib is a rare one, but that made some millionares for sure. I also got in on that when it was stupidly stupidly low. I bascially just had some small amount in my account and got tired of looking at it, so I thought.. ya know everytime that guy opens his mouth about this meme coin it goes up. So I threw it on shib and doge and forgot about it. When it skyrocketed and my alerts started going off I was seriously pissed I hadn't even thrown $100 at it because even 100 bucks would have been a damn good payday.
 
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Chefdave said:
Told my ex wife in 2010 to buy Bitcoin and hold on to it. She bought 5 bitcoins at 1050 per Bitcoin. Her 5250 investment is worth almost 500k. Wish I would have held mine.😭
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That's incredible she's held that long. The Mt. Gox hack scared me away originally. I never circled back until 2017. But I can't honestly say I would have held that long either after "x" amount of gains. So I don't dwell on it. I also didn't understand it pre-2017. Back then it was just a hunch. But I've been living it and breathing it since 2017 with 100% conviction.

I've been teaching my kids about it since they were 10. They've been buying and holding for six years now using their own money. (Birthday, Christmas, etc.) Same with my GF. I convinced her to set up weekly auto purchases. She's been accumulating for close to four years now.

I've done plenty of laps trying to convince family and friends for years to invest and tried to explain there is no better long term asset. But most remained skeptical so I've given up. Still to this day though, if anyone is willing to listen, I will always recommend buying Bitcoin with every bit of money one could spare, for a long term hold. I believe any and all money kept in a traditional savings account, retirement account, 401K, IRA, etc. should be converted to BTC. But even if someone isn't willing to take that risk, just buy a little bit weekly, whatever you can afford. Even if it's just $20/week. I firmly believe we'll see a $1M Bitcoin in the next 10 years and wouldn't be surprised to see a $10M Bitcoin in the next 20.
 
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Phylex said:
That's incredible she's held that long. The Mt. Gox hack scared me away originally. I never circled back until 2017. But I can't honestly say I would have held that long either after "x" amount of gains. So I don't dwell on it. I also didn't understand it pre-2017. Back then it was just a hunch. But I've been living it and breathing it since 2017 with 100% conviction.

I've been teaching my kids about it since they were 10. They've been buying and holding for six years now using their own money. (Birthday, Christmas, etc.) Same with my GF. I convinced her to set up weekly auto purchases. She's been accumulating for close to four years now.

I've done plenty of laps trying to convince family and friends for years to invest and tried to explain there is no better long term asset. But most remained skeptical so I've given up. Still to this day though, if anyone is willing to listen, I will always recommend buying Bitcoin with every bit of money one could spare, for a long term hold. I believe any and all money kept in a traditional savings account, retirement account, 401K, IRA, etc. should be converted to BTC. But even if someone isn't willing to take that risk, just buy a little bit weekly, whatever you can afford. Even if it's just $20/week. I firmly believe we'll see a $1M Bitcoin in the next 10 years and wouldn't be surprised to see a $10M Bitcoin in the next 20.
Click to expand...

Phylex said:
That's incredible she's held that long. The Mt. Gox hack scared me away originally. I never circled back until 2017. But I can't honestly say I would have held that long either after "x" amount of gains. So I don't dwell on it. I also didn't understand it pre-2017. Back then it was just a hunch. But I've been living it and breathing it since 2017 with 100% conviction.

I've been teaching my kids about it since they were 10. They've been buying and holding for six years now using their own money. (Birthday, Christmas, etc.) Same with my GF. I convinced her to set up weekly auto purchases. She's been accumulating for close to four years now.

I've done plenty of laps trying to convince family and friends for years to invest and tried to explain there is no better long term asset. But most remained skeptical so I've given up. Still to this day though, if anyone is willing to listen, I will always recommend buying Bitcoin with every bit of money one could spare, for a long term hold. I believe any and all money kept in a traditional savings account, retirement account, 401K, IRA, etc. should be converted to BTC. But even if someone isn't willing to take that risk, just buy a little bit weekly, whatever you can afford. Even if it's just $20/week. I firmly believe we'll see a $1M Bitcoin in the next 10 years and wouldn't be surprised to see a $10M Bitcoin in the next 20.
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Yeah I'm going to pull trigger, sell some stock and invest in Bitcoin, did a lot of research since this post, most analyst thinks it will double in 2 yrs or less.
 
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LoboGrow said:
It would likely cost you more in electricity than you would make mining right now. After the halving, only the largest mining systems are making money at it as I see it...
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I get a few of these miners in my Facebook reels section. their claims definitely seemed like too good to be true.

but yeah, I read of one place in mongolia where almost the entire coal electric plant output goes to a mining facility.
 
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