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29% up on HNST in 2 days. Only put in 18k.

This stock will likely double in the next 6 months
 
https://www.foxbusiness.com/money/...uces-bill-implement-strategic-bitcoin-reserve


Exclusive: President-elect Donald Trump’s proposal to create a national bitcoin reserve is gaining traction across the country as several states are now weighing plans to implement their own cryptocurrency reserves, FOX Business has learned.

The prospect of Trump’s return to the White House has sparked Pennsylvania lawmakers to introduce legislation that would enable the state’s treasury to hold the world’s largest digital asset on its balance sheet as part of a broader movement to recognize bitcoin as a store of value. The legislation comes as pro-crypto Republican Sen. Cynthia Lummis of Wyoming says she's hoping to push through her own bitcoin reserve bill on the national level during the first 100 days of Trump's presidency.

Optimism that Trump, who takes office again in January, will fulfill his promises to make the U.S. the "crypto capital of the planet" and bitcoin a "permanent national asset" has made its price surge 20% in the week since his victory, reaching an all-time high of more than $93,000 per token and a market cap of over $1.8 trillion. This makes bitcoin the world’s seventh-largest asset behind gold and five U.S. tech giants, including Nvidia, Apple, Microsoft, Amazon and Google.

The new bill, called the Pennsylvania Bitcoin Strategic Reserve Act, introduced in the Pennsylvania House of Representatives on Thursday, is the first of its kind and would allow the state’s treasury to allocate up to 10% of its roughly $7 billion state funds into bitcoin as a way to help combat inflation and diversify its investments beyond traditional assets like bonds and cash reserves.

"The Pennsylvania Bitcoin Strategic Reserve Act is a visionary step toward securing our state’s financial future," Republican Pennsylvania state Rep. Mike Cabell, the bill’s sponsor, told FOX Business. "By integrating Bitcoin into our reserves, we’re not only protecting Pennsylvania from inflation’s relentless impact but also positioning our state as a leader in financial resilience and innovation."

The strategic reserve act is the second piece of crypto-related legislation to go in front of the state legislature this year. Last month, the state’s House passed a bill to protect residents’ rights to self-custody digital assets and ensure their ability to use bitcoin as a payment method. FOX Business was first to report on the Bitcoin Rights bill that's slated to move on to the Republican-led Senate in the coming weeks and, if passed, onto Gov. Josh Shapiro’s desk for signing.

The advocacy group that helped Pennsylvania lawmakers craft the Bitcoin Rights bill, Satoshi Action Fund, is also behind the new strategic reserve bill. The group’s main goal is to help to mainstream bitcoin at the state level, and it has so far succeeded in helping write and pass bitcoin-related legislation in twenty-one states. Its founder, Dennis Porter, is hoping the strong bipartisan support garnered on the October rights bill will be a bellwether for how the strategic reserve bill will be received.
"The Bitcoin Rights bill sailed through the Democrat-led House with a majority of 176 votes to 26," Porter said. "With public support and interest in Bitcoin at an all-time high, we expect both bills to be passed and hopefully signed into law next year."

Cabell echoed this sentiment, saying he's aiming to get the bill on the House floor at the start of the next legislative session, which begins January 7.

Porter tells FOX Business the strategic reserve act is expected to serve as a model for other states looking to integrate digital assets into their investment portfolios and says that SAF is currently in talks with 10 other states to implement similar legislation.

If the bill is passed into law, Pennsylvania would become the first state to hold bitcoin directly on its balance sheet, marking the first step in what could become a shift towards digital assets playing a bigger role in the economic strategy of state governments.

"This legislation sends a clear message: Pennsylvania is ready to embrace bold, modern solutions to safeguard economic prosperity for generations to come," Cabell said.





Game Theory amongst the States is starting.
 
Any of you got wealthy from BTC or crypto? If so, since you don't need to work for money, what do you plan to do for the rest of your life?
 
AD04 said:
Any of you got wealthy from BTC or crypto? If so, since you don't need to work for money, what do you plan to do for the rest of your life?
Click to expand...

You would have to define "wealthy" for alot of the posters here. Like what is wealthy now if you include the crypto in their investments. Is it 2.5, 5m, 7.5, or 10m+. Age also matters. Someone who is 35-40 and has 5m is ahead of someone who is 50 with 7.5-10m bc thats an insane amount to have in that younger age plus the growth moving forward.
 
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finalpsychyear said:
You would have to define "wealthy" for alot of the posters here. Like what is wealthy now if you include the crypto in their investments. Is it 2.5, 5m, 7.5, or 10m+. Age also matters. Someone who is 35-40 and has 5m is ahead of someone who is 50 with 7.5-10m bc thats an insane amount to have in that younger age plus the growth moving forward.
Click to expand...


Wealthy is subjective. Better translation is someone who no longer has to work for money and can sustain their lifestyle.

I don’t want to implement absolute barriers as I want as many people who qualify to chime in.
 
AD04 said:
Wealthy is subjective. Better translation is someone who no longer has to work for money and can sustain their lifestyle.

I don’t want to implement absolute barriers as I want as many people who qualify to chime in.
Click to expand...

I don't think anyone here has hit the quit my job and go sail in tahiti type of numbers thats sub 50 yo based on crypto thus far. However, I think a small bit could in theory quit work and maintain their lifestyle a la 3-4% rule range but that's different from oh **** my dogwif coin went up 1000x money.

But if your talking gettin gains where someone doesn't even need to think about working longer, in a field of mostly gas docs on here, where you can walk away from making 1m+ doing locums we are talking 10m-15m for starters and i dont think anyone would post that or ever be seen here again if they hit those figures but i'd be curious as well.
 
finalpsychyear said:
I don't think anyone here has hit the quit my job and go sail in tahiti type of numbers thats sub 50 yo based on crypto thus far. However, I think a small bit could in theory quit work and maintain their lifestyle a la 3-4% rule range but that's different from oh **** my dogwif coin went up 1000x money.

But if your talking gettin gains where someone doesn't even need to think about working longer, in a field of mostly gas docs on here, where you can walk away from making 1m+ doing locums we are talking 10m-15m for starters and i dont think anyone would post that or ever be seen here again if they hit those figures but i'd be curious as well.
Click to expand...

Regarding having 8-figures or more, I think it could be done in any specialty, even pediatrics. Even our specialty. Capability to growth wealth is more important than earning capacity after $1 million in net worth. I mentioned before how I would have been richer as APRN rather than physician. This is due to compounding over longer period of time. That is also why I'm certain a newly minted neurosurgeon will never catch up to my net worth. Not only will he have to beat my income, he'll have to beat my wealth gains. YTD, I'm up around 95% without factoring contributions for the year.

Anyways, here is a good x post on what happens to people who make it big -- existential crisis:

x.com

x.com x.com
 
AD04 said:
Regarding having 8-figures or more, I think it could be done in any specialty, even pediatrics. Even our specialty. Capability to growth wealth is more important than earning capacity after $1 million in net worth. I mentioned before how I would have been richer as APRN rather than physician. This is due to compounding over longer period of time. That is also why I'm certain a newly minted neurosurgeon will never catch up to my net worth. Not only will he have to beat my income, he'll have to beat my wealth gains. YTD, I'm up around 95% without factoring contributions for the year.

Anyways, here is a good x post on what happens to people who make it big -- existential crisis:

x.com

x.com x.com
Click to expand...
Interesting read. Thanks. Luckily, for me i have tons of hobbies and would keep a little work regardless of the financial situation due to having some structure.

Happy for your success. I measure mine based on a swr. I always thought the 4% rule was too aggressive for a retirement sub 45 so i aimed for 2%. Could be in reach even if diminishing returns this cycle gives us half the previous cycle gains. Would drop 60 hr/wk to 20-24 max.
 
finalpsychyear said:
I don't think anyone here has hit the quit my job and go sail in tahiti type of numbers thats sub 50 yo based on crypto thus far. However, I think a small bit could in theory quit work and maintain their lifestyle a la 3-4% rule range but that's different from oh **** my dogwif coin went up 1000x money.

But if your talking gettin gains where someone doesn't even need to think about working longer, in a field of mostly gas docs on here, where you can walk away from making 1m+ doing locums we are talking 10m-15m for starters and i dont think anyone would post that or ever be seen here again if they hit those figures but i'd be curious as well.
Click to expand...
While they may not be in this thread I have quite a few friends from undergrad and medical school who moved to tax havens after 2021. Alas they’re slowly trickling back to reality. Fast money always goes pretty fast too. If they were more mature with their gains they could probably be still living their island lives. I think the numbers you state are pretty spot on
 
kb1900 said:
While they may not be in this thread I have quite a few friends from undergrad and medical school who moved to tax havens after 2021. Alas they’re slowly trickling back to reality. Fast money always goes pretty fast too. If they were more mature with their gains they could probably be still living their island lives. I think the numbers you state are pretty spot on
Click to expand...

The montage buy high and sell low is also another common error. Diamond hands are pretty rare these days of instant gratification at your finger tips. Call me cheap but I refuse to do any uber eats non sense or pizza delievery unless inebriated. I typically drive the 5 min to pick up the pizza or numerous food places nearby. Its also just so much faster.
 
Earlier this year the thought of SOL flipping ETH was crazy. Now it is only a 3.3x away from happening.
 
mentos said:
Earlier this year the thought of SOL flipping ETH was crazy. Now it is only a 3.3x away from happening.
Click to expand...


i started saying this earlier this year due to SOL being faster and cheaper and will be the retail chain of choice. But ETH maxis jumped on this thread and called me dumb lol. Look at the overall yearly returns between the two. You have performed horribly if youev been only holding ETH all year
 
sevo00 said:
i started saying this earlier this year due to SOL being faster and cheaper and will be the retail chain of choice. But ETH maxis jumped on this thread and called me dumb lol. Look at the overall yearly returns between the two. You have performed horribly if youev been only holding ETH all year
Click to expand...

ETH fees are still atrocious. SOL is so cheap.
 
finalpsychyear said:
Yeah i can't cry too hard ive had eth since 1000 and considered flipping into sol when it was at 20 but the person who usually gives me solid advice convinced me not too. Small bag but eth will still go to previous ATH by cycle end so i dont really care probably will swap it out then. Big bag of MSTR just passed 1 year hold same guy told me to buy 1 year ago so i can't be that mad since that thing is out of control and likely going much higher next year.

So i've tried to give myself a few routes to get to part time: Just need one of (tesla, btc, mstr) to double and hope it happens between 2025-2029. Call me crazy but I think all 3 have a fair shot by 2029 from current levels which i would then go from FT to 1/4 in that crazy scenerio and a new chapter in life would emerge possibly. Maybe Im asking for a lot here. Time will tell.
Click to expand...

My bet is that ETH blows the top off of everything else eventually (~10 years). I'll probably still go part-time just to fill the days, but I have a lot of hobbies to catch up on. I'll repost this when it does (or if it goes to zero).
 
anaesthetic said:
My bet is that ETH blows the top off of everything else eventually (~10 years). I'll probably still go part-time just to fill the days, but I have a lot of hobbies to catch up on. I'll repost this when it does (or if it goes to zero).
Click to expand...
Most of the crypto bros on YT aren't fans of ETH. Slow and expensive are the main complaints against it. Solana is the ETH killer.
I just unstaked my ETH, as I plan to buy more BTC and SOL with the proceeds.
 
Direct Laryngoscopy said:
100K around the corner. I’m looking at getting into an ETH position. Looks oversold and over hated. lol
Click to expand...

Too much hate on ETH saying its trapped in range. Its doing exactly what its always done though at this point in the market cycles. Expect a decent breakout in the months to come.


200.gif
 
finalpsychyear said:
Too much hate on ETH saying its trapped in range. Its doing exactly what its always done though at this point in the market cycles. Expect a decent breakout in the months to come.


200.gif
Click to expand...

It gets hate cause every other coin has been pumping. SOL, XRP, ADA. And of course all the memes.
 
mentos said:
It gets hate cause every other coin has been pumping. SOL, XRP, ADA. And of course all the memes.
Click to expand...
The way people are talking about ETH right now reminds me A LOT of how people were talking about ADA earlier this year… it was supposedly “dead”.

Now ADA is up 140% in the past month, and it’s hot again. I’m expecting ETH to get its “turn” to pump too, and I’ll be really surprised if it doesn’t.
 
Z-Qualizer said:
The way people are talking about ETH right now reminds me A LOT of how people were talking about ADA earlier this year… it was supposedly “dead”.

Now ADA is up 140% in the past month, and it’s hot again. I’m expecting ETH to get its “turn” to pump too, and I’ll be really surprised if it doesn’t.
Click to expand...
My ADA bag is only down 55% now LoL. It was previously down 80-90% all year.
 
sevoflurane said:
Yo.... you bitcoin dudes crushing it.
I have a partner that is very heavy bitcoin for many years... he likes expensive things that go fast.
Maclaren next maybe... haha.
Good for you guys. Happy for you all.
Click to expand...

The real climax is the 2028 cyle imo. Right now is light foreplay with a super hottie who's more into you then you are. She'll turn into a 24/7 nymphomanic if you just hold onto her a little bit longer. Then you may not ever wanna let her go..

Sexy Hot Girl GIF
 
finalpsychyear said:
The real climax is the 2028 cyle imo. Right now is light foreplay with a super hottie who's more into you then you are. She'll turn into a 24/7 nymphomanic if you just hold onto her a little bit longer. Then you may not ever wanna let her go..

Sexy Hot Girl GIF
Click to expand...

Are you holding until 2028?
 
Update: sold 1.4 BTC last night @ $98,556

So in less than 3 years I turned $45,944 into $137,978 (a 3x before taxes).

I still have almost 2.5 BTC in play. I plan to sell *some* more in 2025 at a (hopefully) much higher price 🤞
 
Z-Qualizer said:
Update: sold 1.4 BTC last night @ $98,556

So in less than 3 years I turned $45,944 into $137,978 (a 3x before taxes).

I still have almost 2.5 BTC in play. I plan to sell *some* more in 2025 at a (hopefully) much higher price 🤞
Click to expand...

I respect your decision and congratulate you on profit. Of course if someone has sometehing they want and need the liquidity then they gotta do it.

Keep in mind the following

11/22/2016---> 745-----> 3 months later 50% gain
11/22/2020 ---> 18,100 --> 3 months later 100% gain
11/22/2024----> $99,000----> 3 months later ???

Those gains were not top range either. Unlesss somebody needs the money I would hold here fellas and if you can till 2028 EOY when u can borrow against it. NFA. Consider this advice a circa xmas 2028 early gift today that will have you in tears of joy for every xmas then and after..
 
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finalpsychyear said:
I respect your decision and congratulate you on profit. Of course if someone has sometehing they want and need the liquidity then they gotta do it.

Keep in mind the following

11/22/2016---> 745-----> 3 months later 50% gain
11/22/2020 ---> 18,100 --> 3 months later 100% gain
11/22/2024----> $99,000----> 3 months later ???

Those gains were not top range either. Unlesss somebody needs the money I would hold here fellas and if you can till 2028 EOY when u can borrow against it. NFA.
Click to expand...

Do you think the ETF will disrupt this cycle or have little to no effect?
 
mentos said:
Do you think the ETF will disrupt this cycle or have little to no effect?
Click to expand...

imo cycles continue but drawdowns less. if we get something unsuually high then even with a drawdown your at close to 6 fig btc. If your lucky enuf to get a drawdown in the 70-80 range better have some $ to buy it. Bullish things i thought wouldn't happen till 4-8 yrs from now are in play.
 
finalpsychyear said:
I respect your decision and congratulate you on profit. Of course if someone has sometehing they want and need the liquidity then they gotta do it.

Keep in mind the following

11/22/2016---> 745-----> 3 months later 50% gain
11/22/2020 ---> 18,100 --> 3 months later 100% gain
11/22/2024----> $99,000----> 3 months later ???

Those gains were not top range either. Unlesss somebody needs the money I would hold here fellas and if you can till 2028 EOY when u can borrow against it. NFA.
Click to expand...
I genuinely appreciate your input. Trust me, it was very difficult to pull the trigger and actually press the sell button.

This was also only about 36% of my total BTC holdings, so I still have a sizable chunk for the (hopefully) amazing gains to come in 3+ months. Plus ETH holdings, which hopefully do the same 🤞

The profits I made last night will go toward the down payment on my next house - and there’s one on the market right now that I really like. I even texted my realtor first thing this AM to let her know I’m “back in the game” 😁
 
Direct Laryngoscopy said:
We might be in a gamma squeeze. Microstrategy is presently financially engineering a massive run. And others are catching on.
Click to expand...

Imagine saylor convinicing microsoft board in mid dec meeting. Btc at or above 100k has a big psychological effect and it could sway it. That would be a massive domino effect into the mag 7.
 
Z-Qualizer said:
Update: sold 1.4 BTC last night @ $98,556

So in less than 3 years I turned $45,944 into $137,978 (a 3x before taxes).

I still have almost 2.5 BTC in play. I plan to sell *some* more in 2025 at a (hopefully) much higher price 🤞
Click to expand...

Congrats man. There does seem to be a lot of euphoria right now. I'm used to seeing big drops whenever people get excited LoL. Hopefully the pump continues well into next year.
 
mentos said:
Congrats man. There does seem to be a lot of euphoria right now. I'm used to seeing big drops whenever people get excited LoL. Hopefully the pump continues well into next year.
Click to expand...
Thanks man… hopefully there’s a big ETH pump coming too that we can BOTH celebrate 🤞
 
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