Some really interesting perspectives here.

Part of what I see dividing people's opinions is whether BTC is perceived as a store or a value or currency. As a currency I definitely think pricing in sats makes more sense than a chocolate bar being priced as a tiny fraction of a bitcoin.

To those that say surely people don't think 1 btc is the smallest value, I can assure you that they do. I actually hazard a guess that if 1 BTC gets to $1million (hopefully it will!) and you randomly stopped people in the street and ask people how much money you need to buy "some" bitcoin, they say you'd need to be a millionaire. I think we crypto bro's often forget how alien this all still is to the masses.

People I speak to outside of the crypto community aren't even aware that there are small demoninations of BTC, so I have had people actually tell me they can't afford to buy it (because they can't afford $100k).

I agree that within crypto circles, degens just want a massive bag of anything, but human psychology must play a role here and often people chrish having a large quantity of something rather than a small quantity of something even if the value is the same.

satoshi is one of Bitcoin units and you can make a chart with any of Bitcoin units, it's not big matter. The fact behind this is the same, reflection of Bitcoin price through different units.

The following chart is Satoshi per dollar which is an inverse chart of $ per satoshi chart. Instead of showing how much does 1 satoshi cost, it show us an inverse information: how many satoshis one $ can buy over time.
https://charts.bitbo.io/satoshi-per-dollar/
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Thanks for sharing the chart, really interesting!

I guess what this got me thinking about is whether it's really a problem that people feel "out priced" when considering buying bitcoin because the price of 1 BTC is just so high. It feels like the idea of pricing in sats is like a stock split.

Personally I feel that retail would love to be able to show that they hold a really big bag of sats rather than a tiny bag of BTC.

I heard recently that's there's a proposal to start pricing Bitcoin not in the cost of 1 BTC but in 1 satoshi. The idea being to make it seem much cheaper to stack bitcoin.

If my math is correct, it would cost $0.00106 per satoshi, making feel very easy to think about staking sats. Heck, with $100 you could buy 94,339.62 sats! AMAZING!!!

Or is it? What is an insitution wants to buy $1billion of bitcoin. How many sats is that???

I kind of like the idea for making it seem affordable for retail to jump in but not sure it's practical.

Do you think pricing by sats is a good idea?

I still think SOL will outperform ETH from here, but maybe that's justr recency bias. If you consider how much SOL has moved since it's low its going to be one of the best performers of this cycle. Maybe ETH now has a run but it won't outperform SOL's culmulative performance this cycle.

I do hope ETH has a rip soon for all those ethereum fans who stuck with it, but the layers 2's have just stripped value from the L1 so for it to perform really well I think they need to be talking about some new tech for L1 otherwise it's just a junkyward of L2's that no ones wants to use.

The institutional side is definitely interesting, with ETH being well trusted in past, but I wonder if that's shifted a bit now? If institutions now trust SOL as much as ETH then I think ETH could be toast!

Aren't everyone's crypto stories this crazy? It's such a wild ride honestly.

I feel like my story within crypto is not that wild, but if I told my friends (who know nothing about crypto) the full ride I've been on over the years - the massive portfolio highs and lows, the stress, the euphoria etc I think they definitely WOULD be floored!

Every crypto trader/investor has a film about them waiting to happen. We're all like 10x the wolf of wallstreet  

You've certainly taken the "not your keys not your crypto" thing to the next level!

I have a ledger but the repsonsibility scares me to death tbh so I still hold coins on an exchange too, which i know is terrible but I'd never forgive myself if I became one of those stories of a lost private key or password and losing everything I worked so hard for!

I'll be interested to see what others say here. What you've done seems sensible for sure, I just couldnt do it personally!

BTW I know what you mean about the freedom it gives you. I love the idea that BTC is the only currency that can be held and secured in the mind

Retirement shortens your life so for me financial freedom is not about stopping "work" altogether, but instead doing something I enjoy and something meaningful.

(4 hour workweek folks will know what i mean)

I agree with you in terms of Bitcoin and major alts (esp ETH and Sol) but what about the other alts and shitcoins? I can't see institutions buying those.

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I also invested a little in altcoin and thought that making profit from it is as easy as previous cycles, but it is not. I realize that altcoins are having quite a hard time . Many people even predict that we will not have an altcoin season  , what do you think ?
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I think we will get an altcoin season but there's just SO MANY altcoins now and so many different narratives that it won't be as explosive as the last one. I hope I'm wrong of course!

I guess typical retail behaviour is to arrive late and be exit liquidity for the OGs!

I have a theory that retail may not ape in this cycle as much as they did in the last one.

Last bull run we had covid boredom (people sat at home with nothing to do) + a LOT of stimulus = a lot of new money flowing into crypto, especially alts.

This time we have the institutions of course, and I don't underestimate how big that could be for Bitcoin this cycle (although it could be more "slow and steady" than face-melting gains).

But it feels like retail are still licking their wounds from the last cycle and less likely to join the fun time round.

What do you think?

I think for BTC it doesn't really matter too much, but for alts we might not see the kind of returns everyone's expecting.

I've had an eye on Ondo, I certainly think it will do quite well.

A market cap over $1b makes me sceptical though. I know it could still go higher, but when you start getting to that size I feel I need to be 100% sure that the token will outperform SOL, or even BTC. Bitcoin might not do many more Xs from here Sol probably will so why take the risk on $1b+ coins that may not even beat Sol?

I'm not a Sol maxi btw. I tend to choose only a small number of the top coins then I look waaaaay down the list at the micro caps where I think I can get 100x return. The middle ground for me just isn't worth it.

Try on pancakeswap and exchange for USDT. That will work if there's a little of liquidity on there.

People aren't really "using" bitcoin and probably never will. As a currency it sucks, but long-term holding as a store of value is where it excels. Everyone should be aiming to just hold a as much as they can afford for as long as possible.

I'm in UK and we definitely know how divisive Trump is.

Having battled so long against the anti-crypto regime it's just refreshing to see a Presidential candidate attend an actual Bitcoin event. His promises for crypto are worthless and will probably lead to nothing, but even if he is very "pro-bitcoin" president, it won't kill bitcoin. Money is now flowing in from institutions, pensions etc making it a protected asset.

It's definitely not a good strategy but I'd say marginally better than gambling.

I made a huge return on a shitcoin in the last cycle, but admittedly I was very lucky and have been unable to replicate the same success since. Building wealth over time with good assets will win out 99 times out of a hundred. That means sticking with the best-quality coins only.

There is something we can do my friend - hold Bitcoin! 

To be fair, holding just about any asset (other than fiat currency) will do the job, but some assets will move much faster than others. I choose to hold BTC and some tech stocks as the fastest moving horses in the race against debasement.

If you mean shorter-term weakening of the dollar then it'll happen later this year. However, if you mean the TOTAL collapse of the dollar then probably won't happen for a long time (decades). It's inevitable that it WILL happen due to money printing and debasement, but it will play out of a very long period of time and suddenly it will collapse as the world loses confidence in it a reserve currency.

Things already looking shaky in the US. Stocks have been hammered this year (if the exclude the magnificent 7). Even without China/Taiwan rate cuts are coming, which means money printing soon too.