BTC

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Post is by: marshallxfogtown and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/1x29sbq/how_do_we_feel_about_cbbtc_and_wbtc/ So I recently sold some of my profit on my BTC investment, it was not much, but it was 25% of my BTC holdings because I was up over 30%. Now I've got this USDC sitting earning interest in Aave, learning about DeFi, and have been noticing i could keep my "BTC" on chain and save money in swap fee's, and potentially trade the swings in BTC price for a lot cheaper than if I were to use Thorchain for native BTC swaps... I've been enjoying keeping my BTC self custody and have avoided introducing it to any CEX's so far since acquiring it, so I just wanted to get the publics current opinion on holding cbBTC or WBTC for my purposes, especially if it is only 25% of my BTC holdings.. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

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Post is by: EmbarrassedDingo9467 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1x29gyc/btc_bounced_and_fg_is_back_in_greed_64_but_alt/ Snapshot from Bybit perps this morning (\~07:50 UTC). Long % is by account (L/S ratio): \- MNT: 83% long \- HBAR: 80% long \- XRP: 79% long (L/S 3.81), funding +0.0021% \- JTO: 74% long \- ETH: 71% long (L/S 2.50), funding +0.0004% \- BTC: 63% long (L/S 1.70), funding -0.0011% What stands out to me: BTC bounced from \~80.4k to \~82.7k, but BTC funding is still slightly negative. So the crowd is long by headcount, but the money isn't paying up to hold it. On alts, positioning is much more one-sided than on BTC. Historically, when retail is this lopsided on alts while BTC funding stays flat, I've seen it resolve with a flush before continuation more often than not, but that's my experience, not a rule. Is anyone else seeing the same skew on other exchanges? Do you treat high long % as a contrarian signal or ignore it? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

DrRayNay

I bought my fake ID using BTC in the dark web when I entered college in 2010. With that money I would of not needed any college.

Final_Bite_7228

But BTC will always go up!

EmbarrassedDingo9467

Checked what derivatives are doing on this. BTC funding on Bybit is basically flat at -0.0008%, OI barely moved (-0.02% in the last hour) and ~63% of accounts are long. If traders were really front-running a government dump, I'd expect funding to go clearly negative and shorts to pile in. That's not what the data shows, so far it looks like noise. Has anyone checked on-chain whether the coins actually hit an exchange?

usersince2007

I was not a criminal when the FBI took BTC-E. They stole 80% of my coins.

ImADiene

quick question, is it allowed to use a non-custodial on-ramp like moonpay to buy something like BTC and immediatly atomic swap it to XMR? i have read conflicting info on if this is likely to earn you a ban/restrictions and finCEN issues. itd would be for a small amt of money like 2-300 USD. im in the us btw

usersince2007

I paid for my vasectomy with Bitcoin in Turkey. Dr. Was very happy being paid in BTC

janjaas

Yes, crypto is not for me anymore. After 8 years, I’ve come to a conclusion that crypto is mostly for gamblers. But. Bitcoin is not crypto. I’ve become Bitcoin maxi, converted all alts into BTC. BTC is my retirement fund that will hopefully allow me to retire a bit earlier and provide extra bandwidth to enjoy life. Hope it works out the way I’ve imagined.

TerribleUsername437

For real. Like what can you even buy in BTC? No one accepts it as a form of payment. Some small niche shops that did during the blockchain boom have also stopped. If you want to buy something, you have to exchange it for local currency anyway which again brings you under the government's mandates. I think all it is useful for is to diversify your portfolio a bit or to take payments from international clients if you are outside US. Then again, you would need to immediately exchange it for FIAT to use it.

alxkwl

What would possess someone with $6.6M in BTC to purchase a hardware wallet from a reseller vs the actual manufacturer?

Congenital0ptimist

Just remember that nobody in their right mind ever wants their debt (mortgage, biz, whatever) to be denominated in units of a scarce resource (gold, BTC).

immersive-matthew

Some other betting platform is going to bet poly market BTC prediction is wrong and add yet another needless layer.

michaelv-565

Could the rest of the portfolio cover spending if BTC were sharply down when you needed to start withdrawals?

Feriman22

I just stopped trying to predict the "future" of the market and started focusing on the current regime instead. That’s also why I made the current BTC/ETH/BNB regime from my own rule-based system public. It gives me something objective to react to instead of guessing.

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Post is by: Sad_Experience_2516 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1x24bew/us_moves_1b_in_bitcoin_dump_or_reserve/ The US government reportedly moved around $1B in BTC linked to the Bitfinex hack. Some believe it’s a potential sell-off, while others think it’s just a custody transfer or part of the restitution process. Personally, I think the bigger question is how much BTC the government can legally keep in its strategic reserve. What do you guys think? Bullish, bearish, or just noise? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

TheVillainInThisGame

I sold 13 BTC a few months later :')

UrbanGrower187

Seen BTC pump and dump 30% ina single day so I donno it’s strange what people think may think

Educational-Hold-699

The crazy part is that selling at $550 probably felt like a perfectly reasonable decision back then. Nobody was looking at that transaction thinking "yeah, this will be worth a fortune someday." Still, seeing 4.27 BTC on one line hurts more than it should 💀

moop44

The days of mining LTC to trsde for BTC to trade for fiat to buy beer were the glory days.

Serenaded

I like Litecoin and it would probably be one of the cryptos I would invest in after ETH, XMR and BTC. But I'm currently not buying into any projects, just more safer and easier money to be made in stocks. So saying this, it wouldn't suprirse me in the slightest if LTC suddenly melted faces with a pump. It's extremely overlooked while being one of the most stable, oldest coins that actually achieves what it set out to do. It has all the hallmarks of something that could 20x. Still not buying into crypto though, not in this economy.

ihatearguingonline

I agree with those BTC criticisms, but if we're looking for a coin that takes BTC's best characteristics (fair launch, fixed supply, strong PoW security/decentralization), and combines them with next gen speed/scalability/low fees, then KAS is the obvious choice. LTC really is an obsolete dino coin at this stage. Zcash is similarly obsolete (XMR is still the coin of choice for the dark web), but due to its small market cap it was a good candidate for market manipulation. Small but recognizable. Claims to be fairly launched even though it has a 20% dev tax. There's a chance LTC will be artificially boosted in a similar manner, but I doubt it. It's already so big that it's much harder to give it enough momentum for escape velocity like they did with zcash.

lite_hause

got it. most litecoiners like bitcoin and own some, too. LTC and BTC are the only two cryptos I care about. They’ve always worked hand in hand and LTC’s privacy feature is interesting

Awkward_Potential_

I mean, BTC. But I'll trade other shit for cycles. Right now ZEC is the trade.

Initial_Note_5987

I can add BTC GoMining Token USDT or USDC but all my funds for it are held on their app before being loaded onto the card

finepnutty

Bitcoin trades with the market, if market goes down 25% BTC will be down 50%

ihatearguingonline

Here's the issue: LTC has no moat whatsoever. It's not the best at anything. If you want the most trusted store of value you go with BTC. If you want a next gen, fully scalable, fast PoW chain, you go with KAS. LTC sits in this awkward middle ground where it's inherited good tokenomics but no compelling reason that people should expect others to keep investing in this technology.

FitCompetition1804

Before I actually educated myself and started stacking for real this February, I bought some BTC on Moonpay via Trust Wallet (lol) to pay for IPTV service and a few other subscriptions years back.

cocacola0102

Basically in the same position. Have a couple of hardware wallets I bought 3 years ago, so probably fine given if they weren't I'd likely have been drained long ago. But the risk is out there. If one of them were to break (leaving me only one hardware device I can 'trust') I'd have to have a serious think about what to do...probably involving moving a decent amount to a CEX and/or reducing my overall crypto position substantially. Honestly surprised BTC hasn't tanked on this news.

rocket_beer

bc it’s not the right time to spend them yet USD is still the world reserve currency Once BTC is, then it will be useful in that way

Alyanah22

Let’s see how BTC performs in the coming weeks.

Mindless-Apricot-235

I bought a SSD on Amazon with BTC when BTC was ~$130. Guess how much is the SSD worth now.

Wellyeahso

How did you find a roofing company that would accepting BTC?

Wellyeahso

How did you find these properties for sale for BTC?

JunkBondJunkie

The other person the best BTC he bought.

Homelanderthe7

Why only BTC? You can buy any shitcoin and sell tax free after one year.

bigcoumbe

Strike You need about 2X the amount of BTC to protect yourself from liquidation but there’s lots of options.

truecakesnake

Finally, some old-school Satoshi-era BTC in motion!

Pristine-Bat-4258

4.27 BTC for 550 dollars, that phone screen crack is probably from throwing it after seeing today prices

Good_Extension_9642

I heard someone bought a compromised ledger wallet from a third party, then bought 60 BTC at the bear market, now he had over 1 million and it just got drained 😬

Beneficial_Bad2490

Seeing 4.27 BTC priced at $128.70 each is a uniquely painful screenshot now

dj_destroyer

4.27 BTC is like half a million Canadian dollars...

No_Fuel4693

In jurisdictions where BTC attracts CGT, and every withdrawal is treated as a 'disposal' event, it makes little sense to transact with it, so most just HODL or trade. Transacting in BTConly works in places where there's no-KYC, and/or no CGT tracking (or you're willing to skirt around those two).

Stereo-Gito

I would too but tax laws and most of the things I buy don't accept BTC so I am not going out of my way 

Mr_Mojobaggins

Just sold my first BTC and along with trade in bought a Porsche Cayenne GTS.

papa_autist

Yeah you can buy it, but I was saying the BTC holding amounts can't be leveraged for a margin loan.

MrDryGuy_

"The address spent 200 BTC across two transactions in August 2015, another 100 BTC in December 2017 and 249 BTC in March 2018. The separate 100.02 BTC payment from July 2010 remained unspent throughout."... Nothing to see here ..

jojorabbit11

Meanwhile is a BTC life insurance company completely on the bitcoin standard 🤯

Left_Entrepreneur918

You don’t think AI agents haven’t been tasked with probing BTC code yet? It’s proven unless you have 51% there isn’t a way to crack it. Quantum is the only vulnerability

navetzz

ETH does what BTC does but more violently (goes up harder and goes down harder). However, ETH is also stuck between 1k and 5k while BTC overall goes up. To me ETH is just a buy low sell high kind of investment.

SmellyCummies

Nothing yet. I won't spend any of it until I truly need something that its out if my financial grasp. I've come close to spending some on a car. But I decided not to. Thank God I did because that car would have been around 4.5 BTC at the time. It would have eaten away at me knowing that I should have just HODLed

Interesting-Ad4163

I paid 2 BTC for some substandard stuff on the dark web. It was worth 700 cash at the time.

papa_autist

Unfortunately BTC is non-marginable on robinhood. They only support traditional regulation-T margin, stocks and ETFs are eligible. OP could sell the BTC and then buy an ETF but that would incur cap gains tax costs reducing the borrowable amount and defeating the purpose of the getting the loan.

Ammused-Muffin-6942

Just let it appreciate in value and liquidate when I’m ready to buy a sailboat. I also thought about using BTC as collateral to borrow USDC and use USDC to reinvest into ONyc and profit from the spread but I’m concerned about lending out my BTC.

mossyskeleton

3 BTC worth of party supplies.

Ok_Wrap5233

At this point if you’re investing a substantial amount and unless you’re transacting in BTC there’s no reason not to just buy an ETF through a legitimate broker. Could also help shield profits from capital gains tax in some places.

summitcreature

Does your dad pay rent in BTC? Congrats!

Dangerous-Two-280

Fidelity seems like a solid choice. I’ve been keeping an eye on my own investments too. What's your strategy for BTC?

Omniwatch

War cost money… so they print and BTC moon?

WorryDesigner8152

0.75 BTC for a laptop that died after 6 months is a double tragedy 😭

Ammused-Muffin-6942

Can consider doing the wheel method for IBIT. All premiums are just reinvested into actually BTC. I did the wheel method against SPY and reinvested into BTC. Now I just hold SPY and just sell covered calls.

Ashhh1991

Here's what I did. I sold all my individual stocks and am only invested in BTC and SPYM (SP500). Allocation depends on what you're comfortable with. You can do 50/50, or 80/20, or w/e.

NoTemperature3502

Thanks, that makes sense — looking at it as a percentage rather than a fixed amount is a better way to think about it. For context on my profile: I'm 22, long-term investor (10-20 year horizon), moderate-to-growth risk tolerance. My portfolio is mostly a core of global index ETFs with a few individual conviction stocks, and Bitcoin is a small satellite position. I'm comfortable with volatility but I'm not trying to go all-in on one asset — I've already held this BTC position through a long stretch in the red before it recovered, so I know how the swings feel. Given that, where would you put the percentage for someone like me?

oneawesomewave

No, declaration means anything at all. You'd need to prove you are able to withhold 51% attacks. Crypto like BTC and ETH are powerhouses in terms of hashpower.

Natalie_Fault3286

Interesting strategy. I like that you are being intentional about managing risk and not simply selling calls blindly. Using covered calls and cash-secured puts can definitely generate additional income, especially in a sideways or slightly bearish market. That being said, I think the biggest risk with running a wheel strategy on Bitcoin exposure is exactly what you mentioned — opportunity cost. Bitcoin is one of the few assets where large upside moves can happen very quickly, and repeatedly selling covered calls may cause you to underperform a simple buy-and-hold strategy during a strong bull market. I also like that you keep a separate BTC position that you never trade. Personally, I think that is an important distinction: having a long-term core position while using a smaller portion for income strategies. One thing I would watch closely is position sizing. Options can create a false sense of security because the premium feels like consistent income, but a single large move in BTC can erase many weeks or months of collected premiums. For someone who understands options and is disciplined, this can be a reasonable strategy. But for most long-term Bitcoin investors, simply holding a core position and avoiding unnecessary complexity may still be the better risk-adjusted approach. Curious to see how this performs over a full market cycle, especially during a strong BTC breakout.

crimeo

> Do you mean the smart contracts that get hacked about once per week? I'm not aware of ANY of the major ETH staking pools that have been hacked. Lido Finance, Rocket Pool, StakeWise, etc all have never been hacked and have multiple auditors > You're trusting the contract to allow you to get your coins back at a future date. Having confidence in open source, heavily audited code (and you can audit it yourself too) is not "trust". Trust means having some sort of blind risk or belief without evidence. Open available code has zero trust required. Or even if you do define trust that way yourself to include open source code, then guess what bucko? BTC requires "Trust" then too, by the exact same token that it's open source code that you need to believe works securely. > You absolutely do NOT have full custody when you put your ETH into one of these contracts. Entering into a contract is non-custodial. You do not give up keys, nobody else has control over your tokens except in the ways explicitly outlined in the contract, which you're fine with, since you looked at it and agreed. And these contracts do not allow anyone to go do a 51% attack or blah blah. > Got it, you're worried about a hypothetical future. A guaranteed future by basic laws of supply and demand shown to work for hundreds of years. If a coin doesn't do halvings, then it's a bit more unsure, but with halvings like bitcoin, it's blatantly obvious and guaranteed. > Energy could be purchase in Kazakhstan for pennies of what they're paying in USA, so clearly this is not about energy cost The profit margin just isn't slim enough yet. With more halvings, it is guaranteed to get slimmer, at which point you MUST go to kazakhstan at some point to literally even be able to mine without taking a loss. E.g. if the energy price difference is 4 cents per kwh between the two places, and the margin on mining is only 3 cents per kwh spent mining, then mining in the place that's 4 cents more expensive becomes impossible. Not "non preferable", *impossible*, as you would lose at least 1 cent per kwh not make any profit at all. > Yes mining gives you influence over consensus, but buying a PoW coin does NOT. So what? Again, the equivalent to staked coins is ASICs. Talking about owning PoW coins is simply off topic and has nothing to do with anything I'm saying. Who cares?

NoTemperature3502

In my portfolio, which %% should be invested in BTC and which in the rest? I really appreciate your opinion

polymath_uk_

$218k - $280k by 2030 for BTC. 

hpaynecrypto

Disclosure up front: I’m a Casa employee, so factor in my bias appropriately with this answer. I won’t pretend there aren’t other multisig providers out there (or that you can’t DIY this in Sparrow), but Casa is what I know best, so that’s what I’ll speak to. I personally use a 2-of-3 with my ledger, my phone, and the Casa Recovery Key, plus a 3-of-5 with two Ledgers, a Yubikey, my phone, and the Casa Recovery Key. Both have been running smoothly since I got started at Casa. It sounds like I was sorta like you in that I had been doing a single-sig ledger(s) setup for most of my crypto-lifetime since 2016; don't know if it was luck or me just being too silly to get hacked/compromised but thankfully I have avoided disaster (so far). Every client at Casa has a different setup, what works for one person, might not work for another. The common thread is multisig and the security habits that come with it. To paraphrase Benjamin Franklin: apologies in advance for the long-winded thread, I didn't have time to write a short one. First and foremost, I think its important to tackle Multisig vs. single-sig + passphrase (it sounds like you already are deciding/decided on multisig, but its still definitely worth highlighting some of the pitfalls of passphrase + single-sig). At Casa we emphasize multi-vendor multisig. Keys from different manufacturers mean you aren’t relying on one company’s entropy or firmware, and one bad key can’t move your funds by itself. A passphrase can work **if you treat it like a second seed phrase**, but IMO I’ve seen passphrases lock more people out than they’ve saved. A good analogy for a passphrase single-sig is basically a 2 of 2 multisig (which is super nuts to do if you think about it; one misplaced key or disaster with the passphrase and its all gone). I wrote an article the other week here on this comparison exactly (so I will save myself some words here) => [https://blog.casa.io/is-one-hardware-wallet-enough/](https://blog.casa.io/is-one-hardware-wallet-enough/) You can test a 2-of-3 multisig with Casa free for 30 days using a hardware device you already own (like a ledger) plus your mobile phone. One cool thing to callout here is during the ColdCard incident a couple months back, we had some clients that had a multisig that was entirely ColdCard wallets and no client funds were lost. All those clients did was rotate their compromised keys out while rotating in a new vendor. **How the collaborative part works for a 2 of 3:** Day to day, you sign with your phone key plus a hardware key. Casa holds one key, the Casa Key, as a backup if you lose one of yours or are on the go and need a 2nd signature. It can’t move funds by itself, and it only signs when you request it, after security checks and a waiting period. **Sparrow vs. Electrum:** One of my big selling points to come work for Casa was the idea of sovereign recovery where you can load your multisig vault into either as a watch-only wallet whenever you want. If Casa ever disappeared, you can rebuild the wallet and move your funds in Sparrow or Electrum without touching Casa software. (put some links below to read more) **Geographic distribution:** Regardless of where you go for multisig/your setup, the rule of thumb is to never keep enough keys to move funds in one place (and to generally be mindful of single points of failure, which can exist at different places in your setup). A common split is a home, your office, and a bank or private safe-deposit box. If a key is ever lost or compromised or lost, you rotate it out in the app, which creates a new vault and moves your funds over. A bank is particularly useful because if you are ever marched down to the bank involuntarily, there is probably no better place to be than a bank to grab a key and alert someone (armed guards, cameras, etc). **Inheritance:** To answer your question here quickly, Casa Inheritance is included with every paid membership. Your recipient gets a free account and requests access if something happens to you. I was on a client call this week and one of the things that the client really loved was that they could set up multiple inheritance recipients for their different vaults. So they had one recipient for their 3-key and a different one for their 5-key. Another important thing here that was REALLY important for me when I started working here was the fact this is all no-KYC. I personally pay in BTC, use a proton gibberish email, and got my vault set up that way. Additionally, for inheritance, your inheritors do not need to provide documentation either which is a big plus. (will link more about inheritance at the bottom) For me, the biggest advantage of using a service like Casa is that you can get on a call with someone on our team when you’re stuck, need help, or just reassurance. Last bit, I know you mentioned having a small amount of BTC to spend, one of the things that comes inside the Casa app (not to sound like a total shill, but I literally can speak to this option the best) is the Casa Pay key. Its a hot wallet (single sig) that you can use for everyday transactions/etc. read more about the pay key here: [https://support.casa.io/knowledge/casa-pay](https://support.casa.io/knowledge/casa-pay) If you want to do your own research, here’s where I’d personally start: * The Casa blog (lots of good nuggets here imo) => [https://blog.casa.io/](https://blog.casa.io/) * Multi-location key storage: [https://docs.casa.io/wealth-security-protocol/chosen-features/multi-location](https://docs.casa.io/wealth-security-protocol/chosen-features/multi-location) * Moving keys safely: [https://support.casa.io/knowledge/moving-to-a-new-home-and-your-casa-keys](https://support.casa.io/knowledge/moving-to-a-new-home-and-your-casa-keys) * Replacing a lost or compromised key: [https://support.casa.io/knowledge/key-rotation-replacing-a-key-in-the-casa-app](https://support.casa.io/knowledge/key-rotation-replacing-a-key-in-the-casa-app) * Sovereign Recovery with Sparrow: [https://support.casa.io/knowledge/sovereign-recovery-with-sparrow-wallet](https://support.casa.io/knowledge/sovereign-recovery-with-sparrow-wallet) * Sovereign Recovery with Electrum: [https://support.casa.io/knowledge/sovereign-recovery-for-bitcoin-vaults](https://support.casa.io/knowledge/sovereign-recovery-for-bitcoin-vaults) * Inheritance: [https://casa.io/inheritance](https://casa.io/inheritance) * My piece on entropy and multi-vendor key generation: [https://blog.casa.io/what-is-entropy-a-plain-language-guide-to-how-your-bitcoin-keys-get-made/](https://blog.casa.io/what-is-entropy-a-plain-language-guide-to-how-your-bitcoin-keys-get-made/) Hope that helps, and good luck with the migration. If there is anything I can elaborate on, just lmk and I will do my best to get back to you.

Queasy-Ride4291

You are and will continue to do so. Your rent/mortgage doesn’t take BTC. Your utilities don’t take BTC, your car doesn’t run on BTC. Your local grocery chain doesn’t have a lightning wallet. 

seckkesketch

0.1 BTC worth 0.1 BTC

Zestyclose-Dish-407

You can’t spend BTC. That’s one of the problems.

skydiveguy

I bought a Ledger from them with BTC, back when BTC was supposed to be a payment system and not a store of value.... BTC was worth about $1000 back then.... that was the most expensive Ledger ever sold.

Wu-Kang

It’s just marketing to get you to make Cash App your goto BTC app. Then they make money on the spread and fees when you buy.

jasonslpt

Prima di vendere controlla se puoi ancora scaricare lo storico ordini da Binance. Anche senza le ricevute originali, l'export delle transazioni con data e prezzo di acquisto spesso basta per dimostrare il costo medio, e cosi paghi la tassa solo sulla plusvalenza invece che sul totale. Se ETH e ancora su Binance, conviene fare lo scambio ETH/BTC li e spostare direttamente BTC. Vale la pena chiedere a un commercialista prima di muovere tutto. Non e un consiglio finanziario.

wetokebitcoins

next goal.... 0.21 BTC..... GO!

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Post is by: MussleGeeYem and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1x1qnus/is_bitcoin_likely_to_have_a_big_upside_downside/ Bitcoin is now trading at the high 82's. My cousin told me that because Bitcoin had a flash crash on 10-10-2025 (going down from 122k to 105k), he predicted that because tomorrow is the 1 year anniversary of the flash crash (which he cited as the end of the bull market last year even though there is more to it because Trump announced 100% tariffs on China last year, so hence the crypto market crashed), Bitcoin may do the opposite and instead, be parabolic, rising like 15-20% or something to 100k, but who knows how reliable his predictions were. My cousin (31M) stated that Bitcoin would go up between 1-5 June 2026 and I should long. Turned out, BTC went down and because I shorted, I earned a lot of money. He also predicted that on 14 May 2026, Bitcoin would crash from 79 to 76k only for it to bounce up to 82k. Most absurdly, he told me late on 19 August 2026 to short Ethereum at 2250 and set the limit to 2100 (ETH only went down as far as 2225 and after 22 August, ETH never touched below 2375 and went above 2700 on some days). He shorted Bitcoin on late 19 August 2026 when Bitcoin is at 69k and is still holding it unhedged, hoping for a drawdown despite the fact since 22 August 2026, Bitcoin never went below 75k on any day and has touched 87k. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

NeatBuilder6201

you already know 1 "satoshi" is = 0.00000001 so in your example 0.000001 = 100 sats, which i'm saying we now call 100 bitcoin. we just stop calling them "sats", and instead, call them bitcoin. nobody wants to learn what a satoshi is. and they don't want to work their ass of and earn 0.00001 BTC.

Narrow_Office_656

This is funny until you imagine actually losing access to that much BTC. Self custody gives you control but the responsibility for backups and recovery is very real. I use Moon for directional Bitcoin wagers, which doesn't give me custody of actual BTC, so it's a different kind of exposure with its own risks.

No-Cauliflower6732

Everyone loves the idea of buying fear until the market actually looks terrible and suddenly nobody wants to touch it. That's why having a plan beforehand matters more than trying to call the perfect bottom. I use Moon for BTC price speculation sometimes but accumulating actual Bitcoin during drawdowns is a completely different approach.

NeatBuilder6201

no. Cashapp founder. not sure if you're trolling or what. Cashapp doesn't even use the word satoshi anywhere... you can already buy 1200 bitcoin on cashapp for 1$ (i know it's only 0.00001200 BTC)

NeatBuilder6201

that's been the standard... but the reality is the average person on earth is only going to end up with 0.00027355 BTC (a number that makes zero sense to anyone). it's realyl simple... we just call it 27,355 bitcoin and then everyone has numbers they can understand - and then we can get over the scarcity mindset that comes with working your ass off and only having 0.0001 of something.

Fearless-Sherbert-40

Spending your bitcoin is great way to prove to yourself how important this asset is. I needed a new phone back in August of 2023. I bought a pixel 6a for .01 BTC, today that phone would be worth about $900.

NeatBuilder6201

they will say they own 100 bitcoin if they have 0.000001 BTC.

asahmed7

both options have their inherent risks. I was a victim of losing my BTC on Voyager when they went bankrupt. It wasnt a large amount but it was still a decent amount that was painful to lose. The other side of the coin is self-custody and with the many hw wallets out there. Eventually a device will become end of life or unsupported from a software firmware standpoint and the manufacturer will push its successor or other new product. This is one of the things that I have now had to worry about and debated the best long term approach. I think self-custody is better but will require perpetual management and due diligence on ongoing news of updates, vulnerabilities and the eventual migration to the next platform as things become obsolete. I do worry about losing funds if having to transfer them from one wallet to the next if I cannot restore the wallet to a new device each time easily/seamlessly. This will likely be an area that will get attacked/exploited heavily in the future. There really isn't a perfect solution. You have to decide what option with the risks and ongoing activities is best for you.

veyrnox

Self-custody is not automatically the safest arrangement for every person. It replaces counterparty risk with personal operational risk. An exchange can introduce withdrawal checks and delays, but it also controls the account and creates exposure to freezes, insolvency, breaches and policy decisions. Self-custody removes that dependency, but mistakes such as exposing the recovery phrase or sending to the wrong address can be irreversible. A practical approach is to separate the risks: 1. Keep long-term BTC in a wallet that is not used for routine payments or unfamiliar services. 2. Maintain a smaller spending wallet for regular activity. 3. Verify the destination and amount independently before signing. 4. Use a small test transaction before a large transfer. 5. Keep recovery material offline in independent locations and rehearse recovery with an empty wallet. 6. Consider imposing your own delay for unusually large transfers rather than acting under urgency. The safest model depends on whether someone is more capable of managing keys and recovery securely or evaluating and accepting a custodian’s risks. Self-custody provides control, but that control comes with responsibilities that should be understood before significant funds are moved.

Blade_Runner_69

I don't mind a bit of banter, but what the fuck has this got to do with BTC 🤨

IAmSixNine

Math aint mathing. You say, Right now, anyone can buy over 1000 bitcoin for 1 dollar. No. If 1 bitcoin is going for $82K how can 1000 be purchased for 1 dollar. 1 Bitcoin (BTC) = 100,000,000 satoshis (sats) Same reason we have quarters and dimes and nickels. For those times when you need something that is less than a dollar you use pennies, nickels, dimes, quarters, half dollars.

comp21

So is another country currency that's backed by the economy of that country... If it's only spendable in that country what's it matter? The rules of BTC give it global value. Sure, a country back version of btc would give it more value than their old fiat version but it wouldn't give it more value than the globally accepted version pf BTC.

AutoModerator

Post is by: Alarmed_Yesterday515 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1x1og4e/why_i_dont_use_a_cold_wallet/ Honestly, my biggest fear with cold wallets isn’t getting hacked. It’s getting scammed and sending my own BTC to the wrong address. Once you hit send, it’s game over. And don’t even get me started on the headache of storing a seed phrase safely. At least with an exchange, if you enable withdrawal delays, you might have a day or two to realize you screwed up and stop the withdrawal. Yeah, exchanges can get hacked or go bankrupt. I get it. But self-custody has its own risks, and I don’t think it’s automatically the safest option for everyone. Would you rather trust yourself 100% or have an extra layer of protection from an exchange? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

sleepwelltonite

Yes they can. And government would have even stronger network effects as they can pass laws allowing the coin to be used as legal tender. To those saying the above is just like fiat that can be debased as government will launch BTC 2.0,3,0, that wouldn’t happen if that government also assigns 10% of their coin to their central bank at the point of inception. This gives them the strongest incentive to ensure the coin remains scarce as long as that government isn’t Venezuela.

Queasy-Ride4291

And he was chastised for actually spending BTC, and beats himself up to this very day. 

Queasy-Ride4291

It’s not an opinion, it’s a fact. It’s simple math. BTC can process a SINGLE transaction PER YEAR for 2% of the world population. Thats it. 

Queasy-Ride4291

Crazy considering BTC hasn’t even beat inflation in over half a decade. 

Ammused-Muffin-6942

Yes, after my wedding I liquidated all my Bitcoin and Ethereum positions and reinvested into equities. I sleep better without thinking about protocol exploits, depegs, and cold and hot wallet hacks. BTC and ETH were my satellite investments , not the core.

WickedDeity

Crypto or Bitcoin? Bitcoin has been going up the last couple of months. I am still up since started buying BTC. It's not my only "investment" so no need to be worried. What is stressing me is the US debt and spending situation, looming recession, and an unhinged President. Kids to if I had them.

vcaldeira

1. The global network of BTC is as important as the coded protocol. A government-implemented national network will never have a similar decentralization level. 2. Will the future code changes be community controlled or government controlled? That changes all.

ncsakira

Governments don't want limites supply they need always more money to pay salaries. Deflationary currency is bad for the economy. Basically no one uses BTC because bad money drives out good money. Is the same people spend copper coins and board gold ones , in this case fiat are the bad currency you need to get rid of and thus use for transaction usdt...

educatedstoppage5374

The difference between holding Bitcoin and actively trading its volatility gets overlooked constantly. One requires conviction and patience, the other requires a repeatable edge and strict risk controls. BTC markets on Moon are built around directional price wagers rather than accumulating coins, so the two approaches really shouldn't be evaluated the same way.

One-Equivalent7184

Weekend BTC moves can look dramatic until you compare the liquidity with normal weekday sessions. I'd be careful treating every breakout as confirmation of a bigger trend. That gets even more important with leveraged wagers like those available through Moon, since getting the general direction right doesn't help much if the position gets liquidated first.