Reddit Posts
My condolences to ColdCard victims - spurs a paper wallet question.
I am so glad I moved all my BTC to exchanges years ago, after a nearly a decade of stress with cold storage.
I am so glad I moved all my BTC to exchanges years ago, after a nearly a decade of stress with cold storage.
PSA: the Coldcard exploit is likely tax deductible
Victim of the Coldcard. Years of DCA Bitcoin gone overnight
Is holding BTC in cold wallet like trezor or ledger still okay?
Do you guys see now why maybe it’s never been such a bad idea to hold your BTC thru Robinhood after all?
A third ColdCard hack has been reported. Another 207 BTC stolen. 1,367 BTC total, and climbing.
Will the Coldcard hack be the bottom of this bear market?
Is Ledger Trezor and Tangem safe?
Now is a good time to share my slides on how to secure your BTC
Based on current prices, which token do you think is most likely to 3x next bull run? I asked chatgpt and it gave me this list, do you agree?
The Coldcard situation is nothing new: Cake Wallet (a hot wallet) also had an entropy issue in 2020/2021, resulting in 550 BTC being stolen
From 1 TH to 5 PH: GoMining now competes with ASIC hosters on price — while offering far more flexibility
Why is BTC maximalism still the default take here?
From 1 TH to 5 PH: GoMining now competes with ASIC hosters on price — while offering far more flexibility
I Just Sold So It Will Skyrocket Shortly. Congrats Holders.
8 years of stacking, gone. I think it's time to move on.
🟠 U.S. government holds 328,372 BTC (~$19.8B), far ahead of the UK 61,245 BTC and UAE 20,703 BTC.
The sad truth is that all this stolen BTC from ColdCard event will probably never be recovered
How to protect against potential vulnerabilies using hardware wallets?
So how safe is my BTC stored on my Trezor hardware wallet bought directly from Trezor?
The Coldcard fiasco will likely be cited in every BTC ETF pitch
Coldcard multi-sig wallets that have never spent.
Tested how Koinly handles messy exchange↔wallet transfers. It linked 3 out of 24. I'm kind of shocked.
Donald Trump is the worst thing to happen to crypto!
I am going to be a contrarian. It's okay to buy the ETF.
The Bitcoin Entropy Nightmare: ColdCard Vulnerability Analysis Report. Critical Vulnerability in ColdCard Wallets: The $38 Million Crisis.
If Coldcard acknowledged the seed generation flaw, shouldn’t they reimburse users who lost BTC?
What's your experience swapping on Trezor Suite?
Best wallet for newbies or those without tech / dev understanding
COLDCARD, CLN disclosures, zk proof of reserves - Bitcoin Optech Newsletter #416
Is there a final number of how much BTC was stolen from the Coldcard hack?
AI might have helped hackers steal $38M in bitcoin
Now that Coldcard is exploitable, where to transfer bitcoin?
ETH ETFs are pulling ahead of BTC ETFs on institutional money right now
Strategy's Q2 $8.2B loss confirms the STRC problem we found in our Q2 crypto industry report
BTC is around $64k but miners are still getting paid like it isn’t
BTC is around $64k but miners are still getting paid like it isn’t
IS DOGECOIN EVER COIN BACK TO 0.5 USD ?
BTC USDT Long Signal – 31 July 2026
BTC USDT Long Signal – 31 July 2026
ETF money came back. BTC still barely moved
Glad to see so many moving to safety tonight in the onchain data!
Strategy creates and updates 10+ new metrics after its older metrics no longer meet its goals and narratives
BTC is coiling tighter than a spring – here’s my hourly setup (July 31 AM)
BTC now the DEFAULT payment method on all square invoices
BTC options were very bullish into month end. Price didn’t follow
Traders who short BTC for last 3 quarters, how well do you make so far?
Coldcard MK3 vulnerability just got announced. In one of coldcards older firmware(4.0.1) updates the wallet was using weak entropy for seedphrase generation. Over $38 million in BTC stolen. Coldcard confirmed this on their X page. If you use a coldcard id play it safe and move your BTC asap.
If BTC is worth so much, why don't the rich buy all the available BTC?
Coldcard CEO Denies Wallet-Wide Vulnerability After 594 BTC Transfer From 500 Addresses
How do you personally handle moving larger amounts of Bitcoin between wallets?
Is Auction Market Theory relevant when trading BTC perp (or crypto in general) ?
With 25,000+ cryptocurrencies out there, how do you decide what to invest in?
Have you guys struggled with Crypto-to-cash conversion somehow?
zkPoH: Zero-Knowledge Proof-of-Hodl — Prove You Own Bitcoin Without Revealing a Single Address.
Satoshi Nakamoto, July 29, 2020. Price of 1 $BTC is $0.06
Mentions
Brilliant response. Now I totally believe BTC is worth the money.
Actually. I take this back and downvoted myself. You make a good point. Mt. Gox and some other exchanges aren’t longstanding legit financial institutions like fidelity. I mean, people hold millions of dollars with them. Anyone have legit counterpoints to holding your BTC with a financial institution like this?
cash out a % at least and pay some bills…..this is the only way my broke ass is 800% up all time in crypto…. I never got to the scale of hodln BTC more than 1-2 years then spread the cheese out between paper/multi sig/hardware/hotwallets/ETF and pray
Well for example El salvador has BTC as legal tender
90% of retail feels the same. Self-Custody as been preached for over a decade. Now that’s not even safe? Nah, bro most are out and definitely aren’t coming back. The mainstream window is closed. Beast chance was right after the pandemic when everyone had stimulus to invest. BTC, SOL & ETH will be the last ones standing. Everything else that has any value will be because people have lost keys, passwords, etc. there’s a lot there. The thrives, grifters, rug pullers & fake influencers ruined this space. Just like they’re ruining everything else. It’s just over.
First off, my sincere condolences to everyone affected from this event. This deep dive from Dusty Daemon, Bitcoin lightning developer provides everyone who works in this space securing BTC with stark analysis and wrapup. As a coldcard user myself, I am lucky enough to have gone the paranoid route, so no loss, but yesterday was a real fire with lots of casualties. I hear a class action lawsuit is in the works. This was not an accident. [https://insider.btcpp.dev/p/when-randombytes-runs-but-doesnt](https://insider.btcpp.dev/p/when-randombytes-runs-but-doesnt)
People suck. I personally don't buy BTC as I just don't invest in crypto, but I am first and foremost a human and have empathy for people who did all the right security things and STILL got robbed. I really hope Coinkite is held accountable and hope people are made whole again after this mess.
Keep your cold card, the chip has unique signature, you will need this at some stage to prove who you are & what was stolen. BTC is traceable, so the address it went to can be found. The US government has no problem finding and confiscating bad actors BTC. The hacker appears to not have been overly sophisticated from what I have heard/read over the last 2 days. Contact the Coldcard people and let them know that you are one of their victims. That’s my 2 cents worth of advice
Why would people use some alternative to the very common ledger or trezor? I have 65 BTC in my ledger securely stored since 2018 and never had any issues with it. Why use anything else?
Thats fair, and my point wasn't too valid because back then everyone was just trying to make BTC work and find ways of holding onto it. The tech was still evolving. But BTC is a majorly traded asset on every major exchange in the world with major companies and funds leveraged into it. Completely different story than 2012.
All eyes on they BTC address. Imagine having all that bitcoin and can’t do anything with it? The irony is unreal
This hurts to read. Cold card was a gold standard and recommended by pretty much everyone, esp BTC maxis. The only reason I didn’t migrate to CC at the time was because ledger was more user friendly
I have half a mind to start a public donation wallet where we as a community can donate a small amount of Bitcoin to and hopefully help the real verifiable victims recover some/most of their Bitcoin. This would go a long way in showing the community can actually help each other out and stand behind self-custody, especially since there is no legal system of protection here. Make no mistake about it, this will hurt self-custody/adoption in a very bad way long-term. Personally, I think it *should* be a major public influencer in the space who pushed ColdCard sponsorships (think of a Natalie Brunell, Mathew Kratter, BTC Sessions, etc.) or Coinkite themselves trying to right the situation. It's not a public admission of anything, it's about coming together. It needs to be someone public who we all know and can all go after if they take the money and run. It needs to be a public address we can all track and it needs to be held in a way that can withstand a $5 wrench attack. It also needs to be done in a way where we can prove the real victims somehow (all this is above my pay-grade or knowledge). Ideally, it should be a multi-sig between multiple influencers or companies, something. I'm sure they can all collaborate and figure something out. In my opinion this is the only way to really right this ship. The reason I didn't care about this during the exchanges collapsing last cycle was because it was objectively against the community advice given out. But because this was, for all intent and purposes, "the right thing to do" and yet people still got fucked over, it's going to have very serious ramifications going forward.
Man people really forget what Mt Gox felt like until it happen again. I had a friend who lost everything there, like 50 BTC when it was worth nothing. Now that would be millions. He still cant talk about crypto without getting angry. And the thing is nobody sees it coming. Everyone think their exchange is too big to fail until suddenly it isnt. You sleep good until the day you dont.
damn this sucks....I never even heard of Coldcard before. Take solace in knowing you are still early with BTC. And we are in a bear market. so you have about 2 more years of sideways chop to dca back in.
I'm just trying to help and get the word out. I was a huge BTC Cold wallet guys, I didn't trust anyone for a long time.
Consumer protection regulations are not tyranny— it’s responsible governance. Claiming otherwise is immature and as a result, it’s not surpassing that someone so naive gets scammed. Keep your coins with reputable institutions (like Fidelity that holds actual BTC) and avoid these scams all together.
I think this is pointless risk when BTC is one of the worst performing assets in the world in the 5 year chart. Buy literally any stock or index and outperform it.
No it's not. You can't even USE your BTC if you want to if you buy an ETF. This is such bullshit.
You realize that all those coldcard BTC would have been safe if those people just set up a passphrase, right?
I trust in BTC but what would happen to BTC if the hacker sold all of it? Genuinely curious.
I understand this sentiment but far far more BTC has been lost on exchanges. If all you want is price exposure then yes you could just buy an ETF.
I keep getting scam e-mails from someone pretending to be Ledger. I never owned one but they're telling me my wallet isn't safe. Its obviously some way to scam, they got my email from some BTC wallet or site I was on, most likely.
So I get not being able to deduct unrealized profit, however let’s look at the flipside and say I bought BTC at 100k and it was taken in this Coldcard mess at 60k. Which dollar amount would I bet able to deduct?
Using Coinbase funds for online poker and against their tos, they will freeze your account and it will be very difficult to get your funds. It happened to me for this exact reason, it happened roughly a year ago and I still don’t have my funds. I’d delete this reddit thread and consider relocating the BTC
well this is simultaneously the best and worst news i've gotten all week lost about 0.4 BTC from a wallet i've barely touched since 2019, been going back and forth on whether to even bother with the tax angle. the basis vs value thing hurts but at least it's something curious if anyone here has actually gone through the 4684 process for crypto theft before, my CPA looked at me like i had three heads when i mentioned it
I know the feeling of being wiped out. You always bounce back faster because of what you learned along the way. Go HARD. Even if not into BTC, invest a lot to Get back a chunk. Do something extra.
Why do you need one? I had BTC inside a wallet in an isolated Linux, never a problem, never trusting third party companies. BtC has not changed in over a decade. The wallets from the past still work. There is no need to modern stuff.
That’s a very unintelligent comment, sir. The impact of this hack is like a drop in the ocean. Currently .00006% of all BTC was stolen. The price barely changed.
Actually being sick and dying is a lot fucking different than losing your BTC…a lot worse if you ask anyone normal😂
This why I have my BTC on two cold wallets and one DEX
I have not looked at r/Buttcoin, but do people over there not realize BTC is not the problem here? It is CoinKite who created the Coldcard wallet.
This person is probably referring to asset classes, like stocks, bonds, commodities, precious metals, real estate, etc., Not other crypto assets. (And don't give me "BTC in not crypto," is is. You're allowed to say "it's better than all other crypto," but it IS a cryptocurrency, by definition).
They're mouth breathing idiots. If you don't think mass adoption is imminent, 1 BTC will be 1/21 millionth of global wealth, and everyone will be transacting in BTC any day now, you aren't allowed in their safe space.
Who said a coldcard or what ever hatdware is safer? when I used to own BTC 2 years ago. We were clear that the security comes from you, not from an exhange or device. My setup was an eletron wallet inside a Linux in complete isolation. I managed the keys externally. The more fancy you store it the more layers for failure it contains.
Couldn't this end up being kind of a problem for BTC as a practical currency? It sounds kind of.... suboptimal for the end user? Aren't good systems meant to be operable for everyone and accessible to the lowest common denominator? I don't really know that much about BTC but from an outsider's POV this looks like a lot of a hassle for what's essentially in my mind "just a currency".
Apenas compre usdt e se quiser se expor ao BTC compre ETFs. Seja feliz. Pra que perder tempo com justificativas se você está certo da sua posição?
If you already have BTC and ETH in a cold wallet, the safest thing is to move them to a regulated exchange where you have passed KYC. If you decide use Coinbase or other exchange, is the most standard option for cash-out to USD: you send from your cold wallet, sell to USD and withdraw to your bank. I think to Robinhood works, but is more limited and less used for large withdrawals. If the amount is high, first make a small test transfer and activate 2FA before moving everything.
This. I don't think that BTC is a good investment - and to b brutally honest it's financially reckless to park your entire net worth into it regardless of all this, but still: speculative assets have their place. If people lose their money it should be because the thesis on the asset failed, not because they were robbed. It's really awful, honestly.
Eh, I think this goes both ways... Maybe if "normies" hadn't spent years calling the bitcoin community stupid there would have been more goodwill and the bitcoin community wouldn't have reciprocated. These days it doesn't surprise me to see Buttcoin gloat when BTC is down or BTC gloat when BTC is up. It's definitely not a one-way street.
Absolutely. I’m just glad that you weren’t all in on BTC like some folks. Maybe later you’ll get some comfort out of the fact that you are diversified and don’t lose everything.
BTC was never alive. It was always a dumb idea to be used for anything other than as a currency.
We’re still waiting for a mass exchange or provider meltdown of newsworthy proportions, then the BTC is ded headlines. That’s when we’ll know for sure for sure the bottom is in.
Agreed. And if you’re buying an ETF via a tad sheltered account like a TFSA then there’s more potential savings in the future if BTC increases and you decide to sell.
I think I’m going to do the same. I can’t handle the stress of potentially having my BTC stolen even though I use cold storage. I’m not tech savvy either and simply can’t be online enough to keep up with what’s happening with BTC.
It was only the garbage people on that subreddit, Foundation Passport wallets have always been better for BTC Maxis
You did what you were conditioned to do and thought you were protecting your BTC. Bad luck, my guy. I’d take a beat, then slowly start to re-invest a small portion of your new investments into BTC. 10-15% tops. Spread it around different wallets. You got burned and it stinks but not your fault. Sooner you get back to business as usual, sooner you can start rebuilding.
Equities are inherently only ever denominated in the native dollar on the exchange it is listed on. As such, equities are subject to the same failures as the currency collapses of its own countries. Buying a BTC ETF at Schwab may prevent this, but in the future if Bitcoin gets too scarce, don’t be surprised if the brokerage force liquidate you to give you fair value at the time of liquidation, but goes on to a historic 100x bull run with you holding funds beforehand. There are pros and cons to both self-custody and institutional custody.
How exactly is a refugee with no ID and no bank account supposed to cash out Bitcoin? No bank. No KYC exchange. Most Bitcoin ATMs require ID. So where do the dollars come from? "Just use Bitcoin" skips the hardest part: turning it into something you can actually spend. Without someone willing to buy your BTC for cash, it's just numbers on a screen. Bitcoin isn't a magic solution for the unbanked. It simply shifts the problem.
If they were built to be Bitcoin only, were they not a BTC maxi company?
You asked why someone would still buy bitcoin despite the potential for theft. Im not arguing that holding BTC is as safe as a bank. Neither is a home safe or a leather wallet.
People want mass bitcoin adoption, but lets be real bitcoin is a technical thing and most people aren't technical. I have never had any desire for OTS cold storage, for me it is trivial to create my own completely secure and random cold storage without trusting anyone, but people want easy solutions and don't want to fully understand. Also I have no desire to victim blame, I can't imagine what people are going through but BTC **IS** a volatile asset, it always will be, and you shouldn't but your freaking life savings in it it should be part of a diversified portfolio. Bitcoinaggedon could happen anyday.
Might as mile just buy a BTC etf at Schwab at this point. More secure. Unfortunately at that point you might as while buy equities that have higher potential for growth over the next few years.
I used to hold my BTC in a ledger and it was constant stress. I'm okay just using a bitcoin ETF now. I get the whole not your crypto not your key argument but I'm also just here to trade it.
The only difference if the bank loses your money and it wasn't you who gave the NIP, they will reimburse you, the OP simply doesn't have that same guarantee. The 3+BTC is forever gone.
Same way criminals get away with stolen money. Whitewash it little by little over time off market. Sell it privately for FIAT to many customers, the more it moves the more untraceable it gets. It starts with criminals selling discounted BTC to other criminals, which they pay for criminal things with. The BTC just moves around in anonymous wallets, never touching exchanges or KYC wallets. After it's spread several chains in every direction, it's such an unentangle web that it can go back on exchanges because it'll be impossible to consolidate and verify the origin of each satoshi unless there is a report to authorities. And at that point the current owner isn't really responsible for who had it 30 moves ago.
The silver lining to all of this, OP, is that Bitcoin is still inherently highly desirable and wanted. So for anybody to tell you to give up, or anybody telling you that Bitcoin is going to zero because of this, has no clue. If there people that managed to get hacked from Mt. Gox by leaving all their coins there back then can walk away and continue stacking after, they would still be in a far better off position than if they were to exit the space completely and instead invest in an index fund, or other commodity, or other asset class. I hate seeing people affected by this. The best course of action is to keep going, because at the end of the day people still want BTC, hackers, individuals, and instructions alike.
Dumb question - when you buy 1 BTC worth of ETF - does the ETF actually buy bitcoin to match it? And if so, could the ETF still crumble if there was a breach like ColdCard? Just wondering if it is safer after all
The security of a hardware wallet isn't just about holding BTC. It's about holding *and* accessing. You can use a paper wallet (making sure you follow all the proper steps to ensure you don't put your keys on a computer, or a USB (I assume you mean encrypted, otherwise as soon as you plug it in your keys are now possibly exposed). But then when it's time to access your bitcoin and send it somewhere, you're still putting your keys at risk. Yes, a person who is very technically sound can take the steps and make sure everything is safe. But a beginner is going to screw that up almost every time. Spending $70 or whatever on a simple wallet is so much easier and less risky. Now you can easily send your bitcoin without going through the steps to protect your keys every single time you want to do it. You just plug it in, click a few things, and done.
What's hilarious about this take is assuming that "4 digits" or it's BTC equivalent is actually going to be secure going forward with the advances in computing power...
Doesn't change the fact that BTC is being constantly proved to be not safe. Even when u hardware store the coins it can poof and ur sol but I guess at least it beat inflation right?
Coldcard encryption is not broken, yet BTC is gone 3 waves of attacks, and likely different actors now. Once the word was out that Coldcard used a weak RNG, they started perfecting the attack and found more and more wallets The bug was in the code that was available for 5 years, no human reviewer found it. Chinese LLM found it. That's the threat Quantum is a complete joke. It is an expensive and failed physics experiment. All they do is ask for more gov funding and then they factor number 15 into multiples of 3 and 5, after 30 years of research. The real threat, and we are witnessing it live, is AI. Just ask Coldcard users
Wow, I lost two BTC a while back and have not told anyone - embarrassed, angry and feeling stupid. I went back to what I know and understand - no load Vanguard index funds. Never going back.
The underlying technology is what *truly* matters, not the arbitrary fiat-denominated number bitcoin happens to be at any given day. 1 BTC = 1 BTC. Now and forever. That’s the point. It holds the same intrinsic value at $10, $10,000, or $1,000,000.
If BTC dropped to $1, I can guarantee you that EVEN IF I don’t hold, somewhere in the entire world will try and arbitrage the price of a mined Bitcoin on the protocol, that somewhere in the entire world there will be institutions or a very wealth individual you don’t even know about being the buyer of last resort and buying as much as they can. Seems like nothing I say can change your mind, so your best bet is to sell that minute amount of Bitcoin ETF you have and throw it into SpaceX, you’d probably commit more time to learning about that company more than you rode the hype on Bitcoin in 2021 anyway my friend.
How did/will the thieves sell all that BTC? Slowly over p2p swap so nobody notices? is it easier to sell BTC without KYC outside the US?
Very true. There is a reason people moved away from money under the mattress and trying to bring it back is not a solution. It's all fun and games when you have a little money on the side, but once that fund really grows, the whole passphrase, wallet, no insurance, no room for error anxiety quickly outweighs just a full hands off, fully safe, managed service where the responsibility is someone elses. The optics of this robbery is extremely bad. Who do you trust when BTC community consensus fails this hard, and the holy grail of storage just poofs your money? People will say, you trust yourself... But do you really trust yourself to make the best judgements at every step and every detail, when one tiny wrong step can set your net worth back 10 years?
They can only do that for small losses. They cannot do that if they lost 200,000 BTC.
At best, AT BEST, you may be made whole in nominal dollar terms. But a failing exchange may never be able to make you whole in BTC terms.
Serious question for you, IF BTC dropped to $1, would you still hold? More accurately, what price point, if any, gets you to change your mind? None? If so, then my comment wasn’t an insult, it would be true.
"We got also MSTR no longer buying BTC, even selling some, and being forced to dilute its shares. MSTR's BTC holdings are still bigger than the entire market cap of Luna and FTX at their peak. Why does it feel like history is rhyming so much once again." You pointed out things in crypto that have nothing do with MSTR and said history is rhyming.... You're waiting for the next shoe to drop and think it's going to be MSTR when the things they are doing is exactly why it won't be them. They've built up enough reserves to cover their obligations and taken the hit on their narratives that were unsustainable. My point is there's nothing there to blow up like Luna and FTX anymore.
Categories are useful for research, but I’d build the portfolio around risk budgets, not category quotas. For each holding, ask: What job does it do? How much total downside can it create? How correlated is it with the rest during a crash? What would invalidate the thesis? A portfolio of BTC, ETH, SOL and several L1s can look diversified while remaining one correlated bet. I’d cap each speculative position, stress-test -20% / -50% / -75%, and rebalance on written thresholds rather than narratives. Categories tell you what you own. Concentration and correlation tell you whether the portfolio survives.
Agree that BTC is not to blame, but it is unfortunate that the protocol is pristine while the best-in-class attempts to implement the protocol have failed so miserably.
Me. Pissing in the cheerios that is. Not plundering peoples BTC on the high seas of the interwebs. My grammar might give him a stroke I reckon.
I’ve been drained as well, so, legitimacy assumed, I feel and you’re not alone. But I’ve gotta ask; so this happened to you, you hit wallet refresh, reality sets in…and you…come post in the BTC sub with your experience and end it owning despair and asking for information as you have Nnnooooo idea what possibly could’ve gone wrong? Did you just happen to mention you were using a coldcard to strengthen the belief you did everything to be secure? No one should be kicked while they’re down…but as a newly made no-coiner (and yes all that’s available is conjecture) who knows the feel, scrutiny is a natural increase in my perception and discourse.
This is how I feel. I don’t even have a ton of BTC but it would hurt like hell to lose what I have. Using a Jade Plus. And had set up a passphrase But this just makes me very paranoid
Sorry to hear that. I held mine on a Ledger wallet for 3 years and I was always paranoid I’d be hacked or lose it all. I sold it all and put it into index funds so no longer a worry though, I just didn’t believe in BTC anymore.
I'm not sure why people still have hopium for BTC. Last 5 years do not even outperform S&P500. Timing, I know, but still.
Do you actually do transactions? Or are you a HODL for eternity person? If you don't actually use your coins, a hardware wallet isn't very useful. It's purpose is to sign tx's offline. If you aren't singing tx's, it's pointless. I don't ever use my bitcoin, it just sits there. There are a dozen other coins that are far better for day to day business that I actually use. I store my BTC with no device, its just a seed phrase and an address. Years and years ago when I bought BTC I downloaded a mobile wallet, secured the seed phrase, sent my BTC to the wallet, deleted the app, and wiped the phone. People have given me shit for not using a hardware wallet for 10 years now, but my Bitcoin is still safe.
This is the kinda propaganda to shift the narrative away from self storage and towards giving BlackRock your BTC via an ETF.
Uh still using ledger. Never received a scam letters BTC still ther e
What address are the coins being moved to? I'm curious how someone is going to move that many BTC or convert it to fiat without being busted.
not quite sure what you mean by that. Whoever or whomever did this could be anywhere. My point is everything is on-chain and nobody has seen the coins move since they were stolen. Congratulations to whoever did this - they effectively made this BTC unusable.
This is so mess up. Don’t leave your BTC in the exchange was the talking point for the last 5 years and now this.
If Coinbase’s BTC got hacked the price of BTC would fall so substantially that it wouldn’t even matter if yours was safe.
It will be lower. Complete guesses, but something like $95K for BTC and $3500 for ETH. Maybe in 2028.
That's because the adoption you have in your mind is unrealistic, the entire world isn't ever going to switch and use Bitcoin and that's just the truth. Thousands of "standard" people own BTC as well. What happened didn't make BTC more dangerous than it already was. The internet is public, people can view and abuse anything and always have been able to
r/Bitcoin 2mo ago Omniknight111 Finally i have 1.3BTC! Its been a long time staking and bought more recently, i have 1.3btc to my name . Same-Negotiation52 • 2mo ago Congrats! What platform did you use for staking? Omniknight111 OP • 2mo ago I dont. I use kraken pro to buy
Man. BTC could use some regulation. 😂
Does this mean selling your bitcoin, then buying an etf like fidelity BTC with the same amount?
Unchained holder here. When setting up my 2 MK4s (FML) their documentation advised AGAINST dice rolls (once again, FML) They are providing support by allowing impacted holders like me to use their tool which will use MARA Slipstream, helping to avoid getting front-run on my TX to move my coins to a new vault. I’m currently traveling and won’t have access to my wallets for 7 more days. Currently my vault has never spent, but as soon as I move the coin I will be vulnerable to a front-run. I plan to use slipstream and am considering getting out of the BTC game all-together. Aside from the CC-clusterfuck Unchained has been pretty good to deal with.
Here's a famous one. https://en.wikipedia.org/wiki/Mt._Gox 744,408 BTC. Not your keys, not your coin.
Damn BTC really be testing our patience and love 😭
Glad you got them back bro, this is real shitty. I got Trezor 5 BTC only, I haven’t moved anything yet from my 2021 ledger nano s. I’m hesitant because Trezor uses a new 20 word seed generator but it sounds cool, supports multisig and is open source.
Oh I'm aware, just answering why and saying if BTC was a staked asset it would be a 100% no brainer. Like I said I am considering it highly if/when I become a wholecoiner. Keeping whole coins there and fractions liquid in my cold wallet.
Yes, I agree. Sold all my BTC (small amount) and never going back again unless it's widely adopted (highly doubt it at this point). People saying use dice or passphrase is missing the point. No implementation is perfect and in the future a vulnerability in the passphrase implementation or something similar could become an attack vector again. There are many things to figure out before a cryptocurrency can be widely adopted and I don't see it happening soon. I wish it was successful but I think BTC failed.