Boomer BTC holders thread

All of the altcoins are constantly shilled. This thread is for the boomers to rise up. Where are my majority bitcoin holders at? Anyone 100% BTC here? I'm personally 75% BTC, 20% ETH, and 5% CRO for the rewards on the card. Anyone else rocking mostly BTC here? Seems like everyone's looking for the next bitcoin, when the original hasn't even fully left the station.

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100% btc here what do you wanna know

what does btc actually even do? its totally not needed

>Seems like everyone's looking for the next bitcoin, when the original hasn't even fully left the station.
Ethereum is where EVERYTHING in crypto is happening. And Bitcoin is currently 4.7x marketcap of ETH. And you think BTC is relatively undervalued?

This is why I don't trust Ethereum. How much of it does Vitalik hold? Theres no total supply there.

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Nice. Do you ever have an interest to hold other coins as well for diversification? I've diversified some just in case, but BTC will always hold a special spot in my heart.

I do get tempted to dive into more alts from time to time, but Austrian economics is what brought me here and will likely keep me here long term. Its hard to move away from BTC with that mindset.

> what does btc do?
It solves the hash problem, which is a very serious problem, not as bad as the meth problem perhaps but still very bad especially if kids get their hands on it.
I once had a friend who thought he turned into an orange and tried to peel himself, so watch out, it's not as safe as they say.

Personally I agree that ETH is undervalued which is why I have a bag. For me though, I feel like I will always take profits from dabbling in alt coins by cashing out into BTC.

Nah not really, I considered Link but im sceptical about its actual use case so I decided against it and stuck with the big daddy

>Theres no total supply there.
Just like with gold. Total supply is unknown. It's scarcity that matters. Staking will further accentuate it. Ethereum is looking more like digital gold every day.
Unrelated, but for your own good, don't use CoinMarketCap. They are doing all the wrong moves recently. You are making yourself look bad as well.

No eth is digital oil, you buy it in order to use it to make more money. btc is digital gold, you buy it to sit on it like an old dragon.

I'm interested in becoming a validator, but I do worry about the longterm sustainability of the model when DeFi projects can offer much more lucrative investment vehicles than supporting the base layer through running a validator node. I would assume the network would adjust accordingly to increase reward rates for validators to encourage more participation, but it will never have the flashy returns of some of these early DeFi projects.

Personally as a mostly BTC investor, I would love to see projects like Ren succeed so the worlds come a bit closer together.

100% ETH here

Btc will never be above 12k anymore. No one will use btc and it will end like Altavista, lycos, MySpace, tamagochi, atari, Amiga and AOL. It goes to 0. No use case just an old boomer shitcoin.

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Nice. Any plans on staking when its available?

Token not needed

Staking ETH in the base protocol will have the lowest APY on the entire platform because it is the lowest risk option. But if too many people choose to stake in DeFi, the rewards of PoS will get higher and lure some back. All staking/yield farming adhere to the rules of risk and reward. It's a self regulating market.
Low risk/low yield is what big money is after. Hedge funds, exchanges, whales... they would rather take 2-4% APY staking on PoS with just the risk of ETH failing, rather than yield farm in DeFi for 4-10% APY with the risk of ETH failing and also the risk of the contract failing.

The early DeFi yields of 1000% APY lasted only for a few weeks and mostly for projects that had no audits. Big money will rarely touch that. DeFi will last, but the mania won't.

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legit - thanks user. good perspective. I'll likely be staking at least some of my stack. Seems like the least risky option even with the smaller returns.

>Boomer BTC holders thread
Do you mean actual boomers?
Or Millennials & the occasional GenX "lol anyone born before 1995 is old" boomers?

My dad is a legit boomer, said he wanted to buy some Bitcoin a few months back. I told him how but I don't know whether he ever did.
I suspect there are exceptionally few (actual) boomers holding BTC.

Bitcoin is the boomer coin because it's going to black hold boomer cash once it reach $1T market cap and has enough liquidity for boomers to fomo in.

nope - metaphorical boomer. Im only 33

if you think bitcoin still needs shilling in 2020 you live under a rock

Yup, will probably wait until that before selling any

Same here. I really gave it a chance but i thought through the whole defi and smart contract hype and came to the conclusion that it's massively overestimated. Companies won't simply deploy self executing contracts. A few lines of code cannot replace clearing. It would need lawyers and negotiations before, basically for the same reasons clearing is needed today. These issues are not black and white, they're grey, and that's where you need clearing. For me issues where smart contracts could be applied can already be handled by company interfaces and programs, no need to buy prefinflated tokens for on chain requests.

Alt coins are scams retards

Your comparison of a storage of wealth with outdated corporate internet applications may not be appropriate. My comparison to you as a person would be a stone ager advocating against these shiny rocks some people have began to exchange food for because you can't eat them.

I'm keeping 1 entire bitcoin just for sentimental reasons even if wont really be used in future.

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This. Germanfag here. We have a regulated exchange now available since some weeks, boomers don't need a wallet to invest and their holdings are insured against "hacking". I see lots of upside due to boomer fundings coming in.

About
10:1:1:1
BTC:stonks:metals: shitcoins

This post made me erect

I’m all in
shitcoins can be used to increase sats networth, but that’s basically the only purpose they exists
Imagine bagholding shitcoins over the long term, even ETH which is kind shitcoin and scam/ico/yield/defi/meme enabler is 75% down from ATH, why people cannot see this?
In the long term everything goes back into BTC

I swap all my gains for WBTC

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What, eth is totally overvalued and unusable at this point due to gas.