BTC

Sideways_X1

It's a game of keeping your wealth safe and maximizing return. With the numbers people hope to get out of AI, the rosy-eyed 20% CAGR of BTC gets passed over for triple digit gains in AI tools, companies, or chips. Plus a lot of people got on the BTC hype train, regular users still are getting taken in scams, and you've got people like trump actively laundering money through his family coins and companies, making the world of crypto just as shady as many feared. To most people crypto and BTC are no different. Bitcoin struggles in a world with many countries are happy to print unlimited money, and have zero inventive to increase adoption beyond long term greed. Buy BTC and it may go up to some amount eventually. Buy a stake in a semiconductor business and they keep having customers want more newer faster ones every 18 months at generally increasing prices. No one has to have bitcoin, but they effectively have to have a computer or a phone just to have a hope at making a living wage. Not the whole picture and I still believe it's got value in the long term, but it's not nearly as sexy as it once was for people who already have enough to provide for a generation or two.

Redditmau5

Even if they bought a ton of coins they wouldn't tell anyone and the rich buy OTC so it'd be off chain and wouldn't affect the price except for scarcity, but now companies like Microstrategy and ETFs can paper trade it essentially creating so many paper BTC that the scarcity is hardly affected also. I'm not saying it won't happen but if/when it does it'll be too late and the price will moon when paper scarcity runs thin.

Abject-Stretch-1187

Again what is beneficial is sometimes hard and could certainly prevent adoption. Unfortunately there isn’t a good solution to fixing inflation besides moving onto a sound fixed money like BTC but the requirement is that there’s a bit of learning curve and interim solutions like ETFs because the alternative is to do nothing and have inflation wipe out everyone’s savings. You just have to choose your risk.

AdEuphoric5133

If OP decides to go along the justice path, this will most certainly be long and hard, but that is his only shot at ever getting compensated. The bad thing is that, if if he receives damages, this will be in USD. Even if the 0.79 BTC are worth 200k$ when the trial is over, OP will only get about 50k USD, which is what the BTC are worth today

Abject-Stretch-1187

Yah it’s looking like the seed was pre-filled. But it’s all speculation at this point. Funny thing is that I used to have BTC on a single sig cold card a few years ago but decided to send it to my multi-sig instead and it was a MK3, I just use that MK3 now as a signer for the multisig 

zRoyalStar

my exchange must have my BTC, how can i lose it if i dont have it

Gooner_93

This is the kind of thing that scares me! I have a ledger so not affected but how are we supposed to feel safe when things like this can happen? Just look at the tangem incident where they leaked peoples seedphrase in a log file... People bought the coldcard to keep their BTC safe and instead it got drained due to some exploit. WTF.

ParfaitQuick8426

The thing you should look at is the halving cycles. 2020-2024-2028-2032 etc. There's a small, then a big spike. You're good for now. BTC takes off in the year 2028 for the initial halving and then in 2029 for the bigger spike because of the halving..Currently, we're in 2026. The next supported spike is 2028 and 2029, which will start a new Bull Cycle.

Abject-Stretch-1187

Okay. To confirm you’re saying that BTC in 2033-36 won’t be above the current price today? 

malacosa

Instead of taking a mortgage, I’d DCA in using the money you would be spending ON the mortgage. You’ll be investing money that would be going to interest instead. If you can afford a mortgage payment now, it’s foolish to give some of that money to the bank as interest JUST to have 1 BTC now. DCA is the way and protects you from the pain of buying at a local high only to see BTC plummet to the point you have to sell.

Individual-Stuff-842

Yea I learned about it roughly a year ago. Not sure how they’re able to get all your gains in BTC to be tax free, but apparently they have something set up with the government to make it happen.

bitusher

https://blog.coinkite.com/coldcard-mk3-seed-generation-warning/ An exploit , likely a flaw in rng generation with lower entropy in firmware but waiting on more details from investigation, has allowed an attacker to drain what appears 562 BTC from many Cold Card MK3 wallets https://mempool.space/address/bc1qq85v2c926eg6pgxhwp6q7lf6cnsz80qs3fcu9r This doesn't seem to have effected MK4 or MK5 users thus far so those HW wallets are likely safe , multisig, or if you used an extended passphrase like our FAQ has always recommended. Thus if you setup a single sig wallet with Cold Card MK3, first do not panic as that is when mistakes will happen. Ideally setup a new seed on a second hardware wallet that is not an MK3 and move your bitcoin over with an onchain transaction. Do not send your bitcoin to a hot wallet or an exchange that lacks secure U2F/FIDO 2fa If you lack a second hardware wallet than create a extended passphrase and move your btc to a new address within that account as a temporary measure. https://coldcard.com/docs/passphrase/ Please be aware that extended passphrases should be 1) 6-8 random words (not found as a phrase or in movies or literature) 2) stored separately than your seed words and written down at least once 3) written exactly as entered . Capitalization and white space matters. Any slight deviation in the extended passphrase will show a new wallet with a 0 balance so its important you write it down and test it exactly . Again do not panic or rush , but read about using the passphrase feature or new wallet

Abject-Stretch-1187

Yup I’m down as well. What are your conditions? BTC not being here in 10yrs and not beating inflation?

fan_of_hakiksexydays

Well, I'm one of the guys who has been telling people since 2023 that even in the most bullish scenario the 2025 ATH would unlikely go any higher than $130K-$150K, but the reality would likely fall just short of that. Most people expected something above $150K. But they were definitely right about the ATH being in October 2025. Despite some people saying "if everyone thinks BTC will hit an ATH around October 2025, then it will absolutely not happen". I wonder where those guys are now lol.

Abject-Stretch-1187

It may be very likely that BTC doesn’t replace fiat however it is guaranteed that fiat will lose value and those vehicles/assets you bought will be worthless in the grand scheme of things considering they’ll still be priced in worthless fiat. You will have to pray that whatever ends up replacing fiat is something you have a whole lot of because what you have by default aren’t money. So you’re equally gambling thinking you aren’t sir/maam.  What I know is that fiat will collapse and BTC IS the only form of money free from the pitfalls that inflicts fiat and every asset denominated in it. I don’t think you’ve thought your position through whereas I have hence why I buy BTC especially given it is a 24/7 global asset with no restrictions, I can’t say the same for your diversified portfolio. 

brkinard

Your getting fooled if you think we are going that low.....alts are doing fine, BTC.D flat for a year. Everyone thinks we are going to set a new low in October which means it absolutely will not happen. I bet we are above 90K by October.

paperlevel

This was a large scale operation: 594 BTC stolen at the same time. Largest holder lost 30 BTC. [https://atlas21.com/594-bitcoin-drained-15-minutes-theft/](https://atlas21.com/594-bitcoin-drained-15-minutes-theft/)

HalcyoNighT

No crypto has gained more value over BTC in the last 5 years. Just buy BTC man. You can buy your ETH and SOL on the side but your main has to be BTC. Nothing is ever getting the jump over BTC.

jazz_king_seb

BTC is dead

themrgq

Monero doing what I had hoped. BTC definitely isn't

Vegetable-Rabbit7503

Do you think they would have taken your BTC if you had done everything the same but had a passphrase?

Real_Dimension6322

october is right before midterms - i expect there to be shooting in the streets - assassination attempts by a crazed don -- and then, if dems win, thats good for country, but is it even good for BTC? - i dunno --

HungryInstruction451

Base trying to get it to BTC or eth https://preview.redd.it/isf8npvnxfgh1.jpeg?width=1080&format=pjpg&auto=webp&s=6eac024660f8ea8e8efa91684e135d6d0349a284

23gradfnord

We can meet at a bank, and I’ll sell you Bitcoin. I charge an 8% premium on amounts of 0.5 BTC or more. The minimum fee is €2,000.

Mountain_Quote1566

Pure HODL. I am not sure how to time BTC even if I try.

ConsequenceFew6931

OP I ran your timeline through Opus 5. Here is what it had to say: My bet is the SD card, and specifically that it carried more than he thinks it did. The reasoning that moves me most is timing. That wallet held real money continuously since March 2025 — 0.65 BTC sitting there untouched for ten months, with more added in November and December. An attacker holding those keys before January 2026 would almost certainly have swept it then. The only thing that changed in the wallet’s state was the restore. So whatever happened, it happened in that January 2026 sequence. Inside that sequence, the seed existed in four places: the paper, his fingers on the mk4, the mk4’s secure element, and the SD card. The first three are hard to attack remotely. The SD card is the only one that went into a networked computer — a computer he was, at that same moment, downloading wallet software onto. He believes he exported an xpub-only file. But that card had been sitting in the baggie with the paper seed since 2021, and SD cards don’t securely delete: anything written to it during the original 2021 setup and later removed is usually still recoverable. An infostealer or a trojanized Sparrow build doesn’t politely read only the file you clicked — it images the volume. Rough weighting of how I’d bet: **• \~45%** — compromised host (fake/unverified Sparrow update, or a pre-existing stealer on that machine) harvesting seed material off the 2021 SD card **• \~20%** — something he genuinely doesn’t remember or hasn’t mentioned; these accounts are almost always incomplete, and the real cause often surfaces three days later in the comments **• \~15%** — tampered mk4 (he never says where he bought them, unlike the mk3s which he sourced direct from Coinkite) **• \~15%** — physical compromise of the paper, timed coincidentally **• \~5%** — everything else The six-month delay is consistent with all of these, incidentally. Harvested keys typically go into a batch, get sold, and get swept whenever someone works through the queue — the lag is normal, not evidence against.

Flix1

I know youre being sarcastic and I share the sentiment. However, its undeniable that if you bought BTC in the second half of mid term years and sold in q4 of post halving years you'd be doing incredibly well. It kind of is that simple it seems. And so far this cycle, bitcoin is still on queue with this pattern. Nothing has changed yet.

omjagvarensked

But what happens if the etf gets it's BTC stolen? Then it just effects more people right?

Myozthirirn

BTC has already lost.

reddit4485

https://www.odaily.news/en/newsflash/505304 Another story: Odaily Planet Daily News According to Bitcoin News monitoring, approximately 594 BTC from 500 addresses were transferred within 25 minutes on Thursday, worth about $38 million, with the funds subsequently consolidated into another wallet. All affected holdings used single-signature addresses, with balances ranging from approximately 0.15 to 0.26 BTC, and many UTXOs had been dormant for years. Early speculation centered on Coldcard, as at least one victim used that device. Coldcard CEO NVK denied the existence of a device-wide vulnerability, stating that the user may have imported a seed that had previously been compromised or was weak, and noted that the transfers involved keys from different wallets. Jameson Lopp indicated that another victim only lost a portion of their UTXOs, not their entire wallet balance, which may suggest exposure of individual private keys rather than a full seed compromise. At present, the coordinated transfer event is confirmed, but the source remains unknown, with no evidence yet of a Coldcard RNG flaw, supply chain vulnerability, or a failure in Bitcoin cryptography.

reddit4485

Crap, this could be big! Just published on Binance: https://www.binance.com/en/square/post/07-30-2026-coldcard-ceo-denies-wallet-wide-vulnerability-after-594-btc-transfer-from-500-addresses-350415380442897 **Coldcard CEO Denies Wallet-Wide Vulnerability After 594 BTC Transfer From 500 Addresses** About 594 BTC were transferred from 500 addresses within 25 minutes on Thursday, and the funds were later consolidated into another wallet. According to Odaily, the affected holdings used single-signature addresses with balances ranging from about 0.15 BTC to 0.26 BTC, and many UTXOs had been inactive for years. Early speculation focused on Coldcard because at least one affected user had used the device. Coldcard CEO NVK denied a device-wide flaw and said the user may have imported a previously leaked or weakened seed, adding that the transfer involved keys from different wallets.

IArtificialRobotI

LOL you should look at the S&P dow Jones crypto index. BTC nowhere in sight. Its like saying the TCP/IP protocol is all the internet needs.... so unbelievably naive

AutoModerator

Post is by: Sebvansky and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1vb5wwx/is_auction_market_theory_relevant_when_trading/ Is AMT relevant when trading (scalping, intraday) BTC perp ? Do you use it ? (especially when price is ranging). *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.*

MCL-Jonathan

Congrats bro! Huge milestone, **0.5 BTC is absolutely not “nothing.”** That’s half of a mathematically scarce asset with only 21 million ever available. Keep DCA-ing through the bear market, but don’t assume any future bull run is guaranteed on a specific date. Focus on the process, protect your stack by taking it off exchanges and moving it into a cold/hardware wallet, and work steadily toward 1 BTC. You’re already further ahead than most people will ever be. [Bitcoin Bear Market DCA Playbook](https://youtu.be/JXvr49ECTuo)

Known-Application106

Honestly it's wild that they're name-dropping Satoshi in official speeches now. Like it or not, BTC forced regulators to wake up. But until the Clarity Act actually passes it's all talk — we've been hearing "regulatory clarity soon" for years. DCA and self-custody is the only real strategy until the rules are set in stone.

satoshi1022

No, the tech and future-use means nothing outside of a niche group of nerdy hopefuls. Look at how BTC is treated. Everyone wanted market indexes for it, everyone wants govt intervention to help legitimize it, everyone uses it as a investment commodity. All of which are directly opposite of why it was created. If anything else ever gains enough traction (which won't happen unless Bitcoin dies 100% and many years go by first) the same exact bullshit will happen to it. All this future-use and technology talk is utter bullshit. You can gamble and hope to time some shit on to the moon, but you're more than likely going to lose your pants in the process. Bitcoin became the opposite of why it was created. It's another greedy commodity controlled by those with more money and power than us. The tech behind it means nothing to the market. Sorry if this is dramatic and depressing but if you've been around Bitcoin since the days it was a few dollars or less, you'd have the same outlook.

quintavious_danilo

They might get lucky reporting earnings directly into a BTC upswing. Huge loss on the FASB accounting. Sell-off is going to be negligible tho.

dj_destroyer

For someone with 0.5 BTC, it's not a big deal. But for someone with billions of dollars, there's no faster/cheaper/safer way to send those billions around the world. It's the biggest, strongest, fastest global monetary network that is also decentralized, trustless, open source, fungible, etc. If you don't think that has value then in the words of Satoshi: "I don't have time to try to convince you, sorry."

unbeatable-rate

With such a volatile asset, that’s hard for me to do. Do you for sure think BTC will out earn 6.5% or whatever the mortgage rate is? Yes, it likely will but what if it tanks, can you hold it for years?

quintavious_danilo

Ether.fi gives you 3% cashback in USDC. That’s the most I know of for a free plan. Usually I take the USDC and buy BTC at the end of each month. I used to use the Bybit.eu 2% BTC cashback card, but they cut it down to 1% as if recently so I’m now with Ether.fi

pricklypierre13

Given there are over 500 transactions and the minimum moved across all of them is 0.15 BTC means there was a computational cost to this attack.

feltusen

Reserve asset lol. Care to go more into that? Some countries has bought BTC and other coins and thats about it. El Salvador had a time were it was legal tender, that didnt work so even they stopped. Less and less countries are buying it, trend is heavily downwards. Iran used crypto to avoid sanctions, not sure if it was BTC, some sources say so, but those sources are not very reliable. But sure it has been used for illegal activities such as avoiding sanctions, but using BTC for that is stupid, its a very bad privacy coin

JimmySki6166

BTC is the best asset you can purchase in my opinion. I first Purchased it a little under 40k, and have been purchasing about 1k per week since then. Will go to my daughter one day!!

DesertDissident

With credit cards, it's less you "get your money back" so much as being absolved of the obligation to pay a debt you didn't take on (or credited for future debt if you overpaid). That is trust in the CC system more than it's trust in the currency. It's entirely possible to invent a CC backed by BTC instead of another fiat currency. However, your bank is lending out the overwhelming majority of your deposits which risks an epic liquidity crisis that you either lose directly or gets "solved" by the government by printing money. In the USA, there is FDIC insurance but that only covers about 1.5% of the total liability (hence the "too big to fail" bailouts because FDIC is far more frail than people realize). You may not lose your money in the bank in denominated terms (apart from shady fees) but the buying power is being continuously debased by a government-controlled central bank. It's true that the value of BTC drops sometimes too, but it trends upward over time because it is deflationary instead of inflationary (with volatility largely due to the a relatively small adoption rate when compared to government currencies). Of course larger, more established systems benefit from more users (more consumer products, less volatility) but I still trust cryptographically protected P2P networks more than I trust bankers and politicians in the long term.

Designer-Beginning16

At this point, a 10% daily move (up) is easier in Mag 7 stocks than in Bitcoin. That’s how cooked price action is with all synthetic BTC products around.

abhicoinexpansion

Bitcoin definitely has the strongest track record. I'm curious though—do you see any sectors outside of BTC that could still have long-term utility, even if most projects don't survive?

abhicoinexpansion

That's probably the simplest strategy to stick with. Do you think that changes at all during different market cycles, or do you stay with BTC and ETH regardless?

abhicoinexpansion

That's probably the simplest strategy to stick with. Do you think that changes at all during different market cycles, or do you stay with BTC and ETH regardless?

nickelaus

How was this done back in the day? In 2011 I had 24 BTC stolen (to geometrically dividing addresses). I had foolishly left them in the default wallet location on a Windows box after mining for a month. I always wondered if it was some Windows zero-day vulnerability that some MS rogue employee took advantage of or (more likely) a regular virus which we contracted visiting blogs

Survivaleast

ETH, BTC. Viable projects have come and gone. Started and pivoted, rose and fell. Many years ago I may have thrown a bunch of project names that mean very little now. “Yah bro check out Link, XTZ, XRP, Algo and Cardano.” The truth and fact of the matter, is that there is ETH and there is BTC. Then there is the game of musical chairs of projects struggling to be relevant among 24,990 other pointless coins. The sooner people come to terms with that reality, the better the market will become.

MarioWilson122

Well, before you could invest in just about anything, but nowadays you have to be very careful with plays, and even then it might not work out well. So just know, if you don't get into just BTC, then it's basically a gamble nowadays. But we'll have to see how the next one plays out. Who knows? It might be more like previous runs with Trump out of office. So it might be worth the gamble for some. Even still, it's probably still best to mostly hold BTC.

DiamondHandsDarrell

Coinbase 4% BTC back. 10k monthly spend limit on 4%,after 10k it's 2% for everything else

Good_Extension_9642

A 51k mistake 😬 that's why I only buy BTC ETF now

Good_Extension_9642

And this is why I only buy BTC ETF now!

Important-Level6672

BTC is secure but yet the top 10 biggest financial thefts are all crypto related with the highest being 1.5 billion. Keep in Mind BTC only been around a fraction of the time fiat has https://www.visualcapitalist.com/sp/ranked-the-10-biggest-digital-heists-in01/ All this “it was the users fault” only goes a long way. BTC network it self is secure but it’s a major pain in the ass to secure it

MidEastBeast

Just FYI, 916 BTC left to solve. Insane number

Gareth_loves_dogs

Congratulations, I recently (end of last year) taught myself everything I possibly could about BTC. I've been consuming butocin knowledge every single day since about last September. Sitting at just over 0.5BTC, stupidly bought in around end of November with most of my powder, when I didn't fully understand the cycles. Onwards and upwards, but I have no intentions on quitting buying. Now is a great time to buy. Get your self storage sorted straight off the bat too.

Important-Level6672

You physically can’t federally back BTC unless you give fed power to print more. You can’t have both.

RetiredAvocado

What it seems OP is saying their other BTC is OK, though based on same seed in both wallets. Only new btc added 5 times over last year was sent from a single address. [https://www.reddit.com/r/Bitcoin/comments/1vatgl4/comment/p0pfuxh/](https://www.reddit.com/r/Bitcoin/comments/1vatgl4/comment/p0pfuxh/) [https://www.reddit.com/r/Bitcoin/comments/1vatgl4/comment/p0o8vw5/](https://www.reddit.com/r/Bitcoin/comments/1vatgl4/comment/p0o8vw5/)

Immediate_Banana_216

BTC, Eth, Solana. Everything is a waste

caco101

Only invest in BTC & PAXG , for the rest only trade with them.

Kylynator124

Mainly BTC and ETH with some XRP as well. Nothing else imo

rotating_pebble

"So no, it isn't madness to put everything into BTC as most of the world already puts their eggs in one basket." This is a terrible metric. Most of the world is poor and will end up working into their 60s, possibly even 70s.

Dependent_Code7796

Who said anything about US? Get out of your bubble, the world is a big place. The point of it all is that 3.5% is available at many places around the world currently. Regardless, a 6% loan is still cheap to fund BTC purchases in a bear market

Old-Committee944

For me its mostly BTC and ETH, then maybe few strong L1 or RWA projects. Trying to catch every new narrative is how you end up with 30 random bags and no idea why you even bought them lol.

yefuck

Don’t. There saved you some money and your educated on the subject. Buy BTC forget you bought it, wait.

Abject-Stretch-1187

That's a pessimistic view on the average person and it is wrong. You know why? We as a species would have perished a long time ago if we on average are incapable of being educated/learned. Being educated is literally what has kept our species alive so I don't agree with that point unfortunately as it is counter to history. I don't see it as investing all of my wealth in one asset, I see it as saving in an asset that has the least risk relative to all other assets. This is a first world kind of view to think going all in in btc is somehow madness. In Nigeria here, there are people who put all of their savings in the usd and nothing else and no one thinks it is madness precisely because there's an illusion that the usd isn't susceptible to the same pitfalls as their national currencies plus they can't have exposure to the different asset classes in the west and this is true for most of the world's population. So no, it isn't madness to put everything into BTC as most of the world already puts their eggs in one basket. Now how risky is the basket you choose, that comes down to accessibility and education and this is why nothing comes close to BTC no matter how much you try to spin it.

No-Masterpiece2246

Also maybe because BTC is a hedge fund toy now

Specialist_Trust4945

That teaches everybody to not trust software (especially closed source software) with their money. Guys... take your sweet time, flip a coin 12\*24 times and you'll have your 24 words seed phrase. Also, that kind of makes me happy. Everybody is so keen to blindly trust hardware wallet while these vulnerabilities again prove that a properly airgapped software wallet with "DIY" ways to create a seed phrase such as the coin or dice methods is much safer. I often wrote about it here, but I always get downvoted to oblivion because everybody has a hardware fetish for whatever reason - and then they ignore basic OpSec. These people are much better off with a BTC ETN or something.

Abject-Stretch-1187

And if they do care about theft then educating them about the larger theft is just as crucial rather than looking for recourse from a decentralized system(something you should’ve known before getting into it)  I’m not misunderstanding you, I know your position(average person including you seeks solace in recourse in the event of loss/theft) I’m just telling you it is misguided because whether you get recourse or not from petty theft, you’re still being stolen from. This is not difficult to grasp. There are safe practices littered on the internet with BTC security and this is why most BTC in self custody not been stolen. Why do I need to have my money in anything else? 

ContentBlackberry0

How did all of those BTC move in 15 minutes? That’s one key question it’s beyond just one person cold card being compromised. Funny I see Tangem being more secure after all of these posts.

Abject-Stretch-1187

Then you don’t know the average person then. Would you decide not to live in a house just because it has no home insurance? I’m from Nigeria, the consumer protections in the west doesn’t extend to folks where I’m from and yet Nigerians have one of the highest rates of BTC buys and custody, how do you explain this phenomena? 

Specialist_Trust4945

Exactly. That's what makes me think they abused some sort of vulnerability (whether a Coldcard one or whatever else): they didn't broadcast the TXs until they had enough private keys controlling a BTC amount they were happy with. If there is in fact a vulnerability somewhere they will scramble to fix it but it's too late now for stolen coins.

89xred

Yes, I agree. I hold BTC and believe in it, but still don't think it will ever come close to replacing FIAT. I just think the average person would choose consumer protection over the advantages that BTC offers.

DangerHighVoltage111

>Worthless trinkets are not a rEvoLuTiON. You essentially have useless counterfeit Pokemon cards. >Bitcoin is, and will always be, the revolution. Bcash exists as a basic IQ test to trick the dumbest people in this space. That's an absolute braindead take from a foaming at the mouth fiat Maxi. For starters, IF we want p2p cash we absolutely should try different things and see which one works best. In crypto as a whole this is overshadowed by everyone just cheerleading for their bags. Second, BCH is Bitcoin and it is objectively a better p2p cash system than BTC. Branding stupidity or heavy bags is why most people refuse to admit that. BTC stopped being the revolution when it refused to scale. Now BTC has lead dancers like this: https://i.imgur.com/iW7m615.jpeg

Abject-Stretch-1187

Again if theft is what you genuinely care about, you won’t be larping about stolen BTC considering it is smaller than ones which aren’t stolen and it is decreasing with time but instead you will be worried about purchasing power that is stolen with no recourse and it only increases with time. Also I don’t care about your gains, we’re not the same as I’m not some fiat merchant buddy. 

Abject-Stretch-1187

Bitcoin isn’t some entity that sits down to address these issues. You can either be responsible for your wealth by learning safe practices(there are tons and more self custodied BTC have been safe than not) or you can rely on the existing systems that dangles consumer protection in your face while stealing the value from you simultaneously. It’s about trade off, you choose. 

Abject-Stretch-1187

Or perhaps you need to think better. How does consumer protection actually protect them from inflation which is theft? You don’t care about financial protection, you just want to larp and give credit to a system that has stolen way more from its citizens than scammers have stolen people’s BTC. 

Abject-Stretch-1187

Most stolen BTC is as a result of human error and not something inherent to the hw or bitcoin blockchain. The banking system isn’t exempt from human error so we can’t eliminate human error. There are tons of research, videos, books on safe practices but people don’t want to learn about it and then when they make an error, they start to look outwards rather than inwards. There are way more self custodied BTC than not so that means the issue has been addressed, human error is something we can only fix via education whether it being about the current banking system or be it Bitcoin.

JustBe-Chillin

Sorry for the loss. Timeline of events. 2021 Purchases Coldcard hardware wallet. Generates the seed phrase himself. Everything is right. The seed phrase never goes digital (photo, saved in notes etc) Buys BTC and sends to that address. It's been dormant for over 4 years. Then in January 2025 you bought another cold card and inputs the seed phrase he generated back in 2021 , That doesn't have any digital footprint other than the day it was generated and written down on a piece of paper. Then all of a sudden on the 30 July 2026 someone has hacked the wallet and sent the BTC elsewhere. Why not sell at the 120K peak ? It was over 100K then ? Doesn't add up. Let's sat the scammer has had access since since 2025. Is there no activity logs from login access ? Surely he accessed back in 2025 to know it worked ? So give the scammer the idea that he's access all this time since 2025 - given the original seed phrase never went digital something in the new system circuit is compromised. Either the cold card is compromised or the function of "restoring" over "Generating a new address" Theres no explanation other than the cold card itself, if you and ONLY you has had access to the seed phrase. Did you enter it into your mobile phone ? Have you downloaded any apps that could have a backdoor keylogger from 2025 ? Like a APK ove a playstore app?

89xred

Crazy thought, what if BTC addresses some severe issues with the FIAT system, but it's lack of regulatory oversight makes it an unattractive currency for an actual replacement for it. Maybe people would just rather accept an inflationary model, where you lose a little bit every year, but when someone steals money from your account their is recourse to get it back and you don't get absolutely fucked by one mistake.

Narf234

It’s 17 but nice job rounding up. Mature in a very practical sense. Does the average person know how to use, store, manage BTC? Do they even know what it is? Heck, the average person does not understand high school economics. I mean, even high school kids who pass high school economics are vaguely aware of how economics works.

Abject-Stretch-1187

Catastrophizing theft is just a poor rationale. What matters is the rate/percentage of theft. In BTC that rate has dropped drastically over the years because of better solutions to prevent your BTC from being stolen. This is no different than even the banking system you like, theft was a common thing in the early stages of banking and dwindled over the years. For every BTC stolen, there are tons that are safe from theft, people just harp/larp on the few that were stolen. Here’s a fact, there are more BTC in self custody than out of self custody, so this point that it won’t be adopted by people because of theft is complete nonsense. You just focus so much on the few BTC stolen like the traditional banking system isn’t currently stealing from you year over year. 

Narf234

I think it was a smart move. BTC is not mature enough **yet** to be an end all be all currency. Making it compulsory for businesses to accept it was draconian. I think a reasonable government should listen to the concerns of the people and adjust accordingly. Sneaking in the word abandon is disingenuous. An expert like you should know that dropping the requirement was a part of the recent IMF agreement. El Salvador hasn’t abandoned BTC and the treasury still invests in the asset. I do not agree with your claim that BTC has made their problems…however you define that, worse. Did that pass or do we need to keep up the Turing test?

weatheredrabbit

Look, i work in cybersecurity and started using BTC back in 2013… i know BTC, social engineering, and phishing real well. And I agree with you. BTC isn’t for everybody, and I’ll be honest, I would never convert my pension in crypto. BTC was created to decentralize the currency from a state or government. It succeeds in that. But what it does is also put the entirety of the risk on the user. Its security is crazy good, but when 100% on the risk is again on the user, one single point of failure compromises everything. A bank prevents that. This “holding your hand” can be good or bad, depending on you personally. In the end I believe it’s up to the user, pros and cons considered.

DangerHighVoltage111

> I'm talking about it's value priced in BTC. > > It was a 99% permanent drop in value that will absolutely never recover. > So what? Did you think a sound money revolution would be a walk in the park where you would get rich doing nothing? The opposition has unlimited money to prop up any controlled opposition. > This is a prime example of the most useless, worthless shit coin in existence. It's the Bitcoin that is free and uncrippled to follow the original goal: Sound money for everyone. BTC has long given up on this and is full assimilated with custodians and IOUs. You can join the sound money revolution and fight, or you can take the bribe and stay in prison.

mbingtx

At least it was 6+ BTC

gizram84

I'm talking about it's value priced in BTC. It was a 99% permanent drop in value that will absolutely never recover. This is a prime example of the most useless, worthless shit coin in existence.

MinimalistMindset35

Hot wallet or exchange? Why wasn’t your BTC on a hardware wallet with a passcode? It’s 2026, we have been telling y’all for 16 years how to protect your Bitcoin. Reddit is full of tips why don’t y’all ever listen when we tell you not to leave crypto in hot wallets or on exchanges?

quantum_simpleton

Well then, what is your opinion of the forst country that implemented BTC as a currency had to abandon/ back in less than 3 years. The impacts of which made their problems significantly worse, especially in debt/credit.

Abject-Stretch-1187

Again you like the fact that there’s recourse in the traditional banking system and you’re highlighting people losing thousands from their BTC stolen and there’s no recourse. You’re making a comparative judgement that one is better than the other and I’m telling you that if theft is what you care about then choosing the current system over BTC shows me that you don’t care about genuine theft and that you just dislike BTC and this is why I don’t believe you’re intelligent in this regard. 

Prestigious_Rod6969

Tell that to bro who just had china or north kores take his BTC

Abject-Stretch-1187

It all revolves around acceptance or rejection of self sovereignty. Anyone who chooses ETFs are literally saying I have recourse in the event of loss hence the insurance. Because not holding your keys isn’t enough, I need to make sure if you (etf provider) loses my BTC, you’ll make me whole. 

DangerHighVoltage111

> Holy shit, there are still people talking about bcash? Yep, the number is actually growing. >I can't imagine living through that permanent 95% price drop and still holding. You have to imagine it because almost nobody experienced it like that. Most bCashers are OGs they got their Bitcoin Cash at sub $100. And newer basher also got their bCash also much lower prices. The 95% drop vs BTC is mostly talked about by fiat maxis. P2p casher look at the tech and how to use it.

rotating_pebble

I never said that investing in bitcoin was an indicator of intelligence. You said that I was a hater of BTC, which is far from the truth, so I explained my history with bitcoin to you. Look, you seem to be taking this quite personally, I'm just trying to help you. You are under absolutely no obligation to follow my advice and I wish you the best of luck. I'm not sure what your point about inflation stealing value from people has to do with bitcoin having a lack of recoverability. People value _safety and predictability_ when it comes to thsir money, which is what traditional banking still massively triumphs in over bitcoin.

unvac

I do not live in America... I live in the United Kingdom, which has some of the strictest laws and regulations around AML, KYC, and BTC.

Bilatsibagya

Expect multiple BTC shakeouts: 50K → 45K → 40K. Weak hands will sell. Stay ready.

Narf234

Got it, skin in the game being in finance. Since 2022 when they adopted BTC, El Salvador has seen GDP growth of around 3-4%, great growth in tourism, inflation spike…in line with the rest of the world, credit rating has improved, public finances have improved…am I missing something? Seems like they are humming along just fine.

NonVideBunt

BTC is great if you want to underperform the market. Anyone getting in within the last couple years will have abysmal returns. But they will have BTC ! 😂😂

Abject-Stretch-1187

I don’t give two shits about when you’ve been in the space or bought BTC, it is not an indicator of intelligence. Respond to my comment. How does the gov plan on making people whole from all of the value they’ve stolen over the decades? Unless you don’t believe they’ve stolen purchasing power from people? Which would explain a lot about you.