BTC

fredws

When in doubt, zoom out or SELL IT I LOVES SOME JUICY BTC DISCOUNT

ThirdHuman

This is the way! Take out credit, sell your house, withdraw your 401k. Failing to buy more BTC is the only way to lose. Good things happen to those who trust in BTC. :)

Government_is_AFK

long term, I use OpenSea for swapping and holding both BTC and ETH. what’s nice is you can switch tokens across chains inside your wallet whenever you want, no waiting for an exchange to process withdrawal, so it’s flexible if you change plans.

V33X_Intelligence

I did this EXACT thing and missed $16K to $30K because I was waiting for '$2K lower.'Spoiler: It never came. Here's what changed it for me - I started tracking what actual profitable traders do (not YouTube, real whale wallets with verified on-chain P&L). **The ones making money don't time perfect entries. They time exits.** They buy in 3-4 chunks over a week, stop looking at the chart, and sell when everyone else is greedy (F&G Index 90 Right now F&G is at 9 (Extreme Fear). Historically, BTC has been higher 30 days later EVERY time it hit this level. Not most times. Every time. Your gut is fighting 100% historical accuracy. Just saying hope everything worked out

Potential_Duty9709

BTC IS DONZO ,strategy will be bankrupt before 2028, banks won’t bail out the company ,I don’t fall for the trap

nomoney110

Gold also looks like a double top and then a major correction. I hope BTC doesn't go along with that.

Own_Captain_3716

I used to have a ton of ETH but decided to get out last cycle. To me if BTC fails the whole crypto market collapses

macetheface

Was the article written by Peter Schiff. No bias there.... The economy has been shit as evidenced by ISM/PMI. Any 'high' risk on investments will be neutered. And BTC still managed to make an ATH. People just have the expectation that it will top on euphoria because it did in the past and if it doesn't that means it has failed. lol ISM/PMI has just started climbing above 50 (good), let's see what BTC will do this year.

biba8163

I like a lot of people who have been posting here for years got a lot of free money from moons. I can't even imagine the type of bank the mods made. There has been a lot of risk free, free money in crypto for those with common sense. Of course, there is no free lunch. Someone always has to pay for this. And its always the people buying the free worthless tokens being handed out. > I think I got 40K moons in the first distribution. Then almost 10K the next few rounds Watched it for a bit and I think got somewhere around ~0.20 BTC off them. Back end of 2021, I watched Moons skyrocket for a bit. > But it was still free ~0.20 BTC. I always choose free BTC. There are always massive dumps, saturation points, liquidity issues, thin volume, etc with these tokens. > Call me a maxi or whatever but collected UNI, ARB, etc airdrops and got decent amounts of free BTC. Collected MYST tokens during 2017 ICO hype where they were testing decentralized VPN and got BTC for those running nodes. Used to get BAT rewards when they gave out a decent amount to see what the hype was about. Exchanged for BTC. Other random things like buying and holding EOS for a bit when it was doing air drops for some stake sharing token. > Probably close to ~0.5 free BTC since 2017 and the BTC ratio/sats value of everything has gone waaaay down. https://np.reddit.com/r/CryptoCurrency/comments/1hw627m/daily_crypto_discussion_january_8_2025_gmt0/m5zcx99/

High_Contact_

Something like 90% of all transaction for BTC are off chain on an exchange. Most people even those who have BTC don’t do p2p transactions. 

Blade_Runner_69

Oh shit.... Don't you just hate it when you misplace 22 BTC 😅

jbiroliro

Be ready for long bear years, there won’t be a hype like the POTUS chilling BTC

bitski44

HODL. There's a tool I use called Never Sell Your Bitcoin that has a lending calculator. The whole idea is you never sell, and if you ever need cash you borrow against your BTC instead. Worth checking out at [https://neversellyourbitcoin.live](https://neversellyourbitcoin.live) to see how your $4k could grow over time.

JDo3

The CashApp guy has waived all fees. Plus I use the round up process to buy small amounts everyday. Spend $2.49 on an item and buy $.51 on BTC. Works pretty well. Then every few months I move the BTC to a cold wallet with keys.

coinfeeds-bot

tldr; Governments globally hold 646,681 BTC, valued at $42.9 billion, representing 3.08% of Bitcoin's total supply. The United States leads with 328,372 BTC, followed by China with 190,000 BTC, and the UK with 61,245 BTC. These top three nations control 89.6% of government-held Bitcoin. Bhutan, with 5,600 BTC, exemplifies a focused digital asset strategy. This concentration highlights the significant role of a few governments in shaping the sovereign Bitcoin ecosystem within its capped monetary framework. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

baIIern

Uh, 30 BTC from illegal business! We'll confiscate these 25 BTC in no time. Now there's 22 BTC in our custody. Aaaand it's gone

Blueberry_Dependent

Interesting. So you prefer the ETFs more or a self custody of a real BTC ?

BABABOYE5000

> bitcoin is supposed to be Guys, you need to get your "supposed to's" out of your reasoning. I've been in the markets for like 7 years now, in stocks and in crypto and i've seen dumps, rips and the way media reports on it. Whatever the fuck they claim as the latest reason for X crash or Y pump is just a bunch of buzzword fishing and sentiment forcing. Having used medium copilot plan, i'm pretty sure AI is here to stay(even though it might be overvalued vs book value, it's pricing in insane growth) and it will revolutioanize a lot of things, since most people work with the free chatgpt model and have no idea what AI can pull off. It's early, raw and scary, but those tools are insanely powerful. BTC is no longer a little pet project in some private wallets battling for $500,000 market cap equity, it's now a global asset that banks buy for funds, which get rebalanced. Tech and bitcoin/crypto are already correlated by nature, because they both share a lot infrastructure. Nvda produces graphics cards which are important for bitcoin/crypto, and is also important to AI. So it stands to reason that BTC will be impacted by AI and tech, and they're all quite related, which will be reflected in the market.

Interesting-Cow-1652

> Must be a dogshit script I’d like to see you figure out how to write a better script that projects alts trending up on their BTC pairs and generates the most accurate possible best fit line if you think this one so bad. Come on, go ahead and show me. > if it misses HYPE which is in top 20. Close to ATH against BTC. Yeah I’ll add that one in there. It pulls most of the alt data from CoinMetrics. > And MATIC is down 90%+ against BTC ever since it changed name to POL in 2024. I’ll double check the MATIC one. If there’s a name change, it can screw up the results.

thinkingperson

Seems like they hodl all the way till July last year. According to Gemini ... heaviest selling was last year Sep Oct 2025, which is smarter than many others ... like say, Germany? lol |Time Period|Estimated BTC Sold|Approx. Value (USD)|Primary Reason| |:-|:-|:-|:-| |2019 – 2023|Minimal / None|$0|Accumulation phase (Mining started).| |July 2025|\~513 BTC|\~$62 Million|Profit-taking during Bitcoin's rally past $120k.| |Sept – Oct 2025|\~5,000+ BTC|\~$400+ Million|"Heavy selling" period to fund Gedu/Jigmeling sites.| |Jan – Feb 2026|\~300+ BTC|\~$29 Million|Strategic sales for "Mindfulness City" funding.| |Total Sold|\~7,600+ BTC|\~$600M - $800M|Total estimated revenue realized.|

Accomplished_Iron914

And just think they could have lived in their car and bought BTC at rock bottom prices

Purple-Piano700

Luckylove is right about everything. First of all, who says BTC will go to 50k? Someone who does DCA shouldn't even be asking that question. In your situation, you should tell yourself: either you continue DCA as if nothing's wrong, or you pause it and restart it if it goes to 50k (or even less). But the goal isn't to sell now... Basically, if you're doing DCA, it's for a longer-term strategy. When it's at 300k or 400k, you'll look back on your loss with regret. You want to take a risk that will make you lose money and increase your stress.

Revolutionary-Rub103

It can't go to 0 because I got a buy order at 0.01 for 21 million BTC

TheRicFlairDrip

is this a reverse psychology attempt to pump BTC?

novak-sl

I mean not really pretending, I know it will be a loss but instead of -33% effective loss it would be -8% loss. Anyways if/when it goes bellow 50k im buying a whole BTC, I just want to get more for what I already put in

Realistic_Fee_00001

Only as a footnote because Saylor and his BTC following changed the narrative to make gold the enemy. It has nothing to do with my main point that p2p cash that people hold themselves makes them immune against printing units. Why do you think gold is the enemy?

RecklessStallion9999

Bitcoin was envisioned and created as an alternative monetary system that would replace standard money that loses its value every year due to inflation. The fact that only 21 million Bitcoins will ever exist, and the fact there’s also denominations of 1 Bitcoin (1 BTC consists of 100 million sats) means that ultimately at some point in the future it may become a real currency that people use. It’s a store of value that cannot be fumbled with, and so it’s possible that in 10-15 years traditional banks will be in the game and will be able to offer lines of credit with your BTC as collateral.

Low_Cryptographer549

If you truly hope you're both wrong then wtf are you doing in BTC? Those of us who actually believe in the asset class are beaming at the prospect of cheap BTC..

Simke11

Tell me you are bagholding without telling me you are bagholding. You probably fell for "supercycle", "BTC to 250k" or whatever other BS was being sold to the masses by big holders needing exit liquidity. I on the other hand played the supposedly non existent cycle, bought BTC during bear in '22/'23, and sold in September for a nice profit, at a price almost double to what it is now. And I will play the same game again. Also, do not underestimate psychology of the market. It is a primary driver for price of speculative assets.

Wrong_Customer4671

It's still up about 40% over 5 years though. Now the S&P is up 79% in 5 years but at least BTC isn't down.

RecklessStallion9999

How long have you been in BTC? Since last year? I’ve been here for around 6 years, monitoring for the last 8, and I have stopped believing that I can really “think” what’s going to happen with its price. Moreover, it’s a finite asset. It will become scarcer, and at some point it will be more than something you can exchange for standard money that loses its value. Take the unrealised loss (which will become unrealised gain in time), store it in a cold wallet, and start DCAing now.

rummaging-through

Might be completely wrong but I’d be very surprised if the King was selling anything in BTC

digitaljamesoliver

Better to take some profit now than regret later They still hold 5,600 BTC anyway.

coinfeeds-bot

tldr; On February 12, 2026, Bhutan's government sold 100 BTC, valued at $6.77 million, as part of a three-week selling streak. The transaction was conducted through QCP Capital, using a tiered liquidation strategy to minimize market impact. Bhutan's remaining Bitcoin reserves stand at approximately 5,600 BTC, worth $371.57 million, managed through Druk Holding & Investments. The sales likely aim to fund infrastructure projects or bolster reserves, showcasing Bhutan's strategic approach to digital asset management. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

voxcon

See, the point most of these "treasury companies" seem to miss is, that price is not only driven by scarcity. It's also driven by demand. A transaction system where the vast majority of the value tranfser medium is arbitrarily locked away by institutional investors, won't lead to infinite price increase. At some point the value transfer medium becomes useless to people who want to use it they way it was intended. Therefore, demand diminishes. Those people will look for alternatives that work and will loose interest in that "non-functioning" value transfer method. To keep it short: if everybody locks away their BTC and hopes prices go up, this breaks the demand aspect of the value equation. This is what we're currently seeing. And as long as institutional investors don't start selling, this won't reverse in the long run.

Sensitive_Company104

It dose not matter at what price you bought. The financial situation in US is getting worse by day. Very soon We will see dollar to lose its power as dominant currency. That is when BTC and crypto in general will hit ATH on daily basis. Forget about what BTC price is right now. That is focusing on wrong thing. Once American financial system collapses then BTC will be valued to $1000K or perhaps even higher.

Bronshtein

I get that there are no guarantees - which is why I'm apprehensive. But I do think there is some value of the power law. It was officially publicized in 2018. So it's not like it's a completely retrofitted in-sample model. For 8 years, it's held pretty stable. You can also look at BTC rolling volatility (at 1m or 3m or whatever), volatility is trending down. The first drawdowns were 90%, then 80%, then 75% etc. Which would also make sense in general with how assets behave as market cap increases. I think if BTC did hit 10k, it would probably be in a scenario which its dying entirely. Btw I fully believe 10k is in the realm of possibility, but I just don't think its probable.

No_Toe710

Buy a rent house. Use your BTC as collateral to renovate and fund the upgrades. Pay off BTC loan with the improved cashflow. Refinance your appreciated rent house at higher valuation. Rinse repeat.

MariachiArchery

This is a terrible comparison. Coinbase has *reserves* dude. *Billions* of dollars, BTC, ETH, USDC... whatever, in *reserve.* Like, they have it, in their custody. FTX didn't invest, they stole. They didn't have reserves.

Nick700

BTC $8,000 for 5+ years

GreenStretch

I did last spring, sold a number of alts into BTC which I still have. Sold my larger alt positions into fiat.

jayvm01

I'm selling all my BTC shares before the stock goes to zero

ATRenko

Similar to how I buy BTC

Acidom

Please mention when in the future and at what price BTC needs to be for this liquidation to occur please!

SameWeekend13

Reddits been saying 50K for such a long time now. Truly waiting for 50K BTC

EtherealAriels

It's the BTC sell off after the fall

SomewhereBusiness503

Yeah, I agree. I was FOMOing into other coins in the hope that they would jump more, and that did happen in 2017 and 2021, but this cycle, only BTC was the king (mostly because of institutional and countries adoption). Although I still believe that coins like SOL, POL, ADA, would do a 3x if they reach their previous ATHs.

watch-nerd

If ETH goes to 50k and BTC goes to 200K I still win because I'm 60% long.

brewmasterlite

So I’ve been DCAing into BTC the last couple of months and it just feels likes I’m throwing money into a fire.🔥 hopefully this works out long term

cdgsyn1

I just DCA and go about my day. I have BTC in my portfolio I purchased for $2,300 all the way up to $102,000. Why stress it?

Illustrious_Way3898

And I hope your levels never happen. Why should yours hit when bulls missed their levels?! I don’t even like BTC but I hope it never goes below $60k.

watch-nerd

To the contrary. My shorts are up. My average BTC price is $45k, so I'm still in the green and making money on the way down before I buy more.

Illustrious_Way3898

Hopefully your post and strategy was a complete waste of time and you buy nothing. You deserve to pay a lot more because of your greed. I want to see you ape into BTC at $200k. Or ETH at $50k.

Illustrious_Way3898

You may wait and it never goes that low. Why should you be so special? Many wanted $150k BTC which never happened. Now you want 38k BTC which might also not happen. It goes both ways!

noviwu97

Must be a crappy script if it misses HYPE which is in top 20. Close to ATH against BTC.

0piates

I mean yeah I DCA on the way down. Stop buying when it goes up. This makes my average price lower but never the exact low. Started DCA BTC in 2020 and average is about $50K and average for ETH is about $1900. I’ve also bought BTC at 25K and ETH at $1400, these are just my averages. DCA in and DCA out. You’ll never make insane multiples but “safer” strategy.

Puzzled_Cookie778

4000 BTC at 40K? Whale alert

Crazy_names

Just hold onto it. Make sure you really understand how it is being stored, how to access it, and store information it smartly e.g. not on a computer, stored where it won't be lost or destroyed. Dint reply to DMs from this sub, they are all scammers. Take some time to learn about self-storage and the advantages/pitfalls thereof. But just hold onto it for now. Dont worry about how many dollars its worth, 1BTC = 1BTC. Don't check the price every 5 minutes. When you actually understand BTC you can make a more informed decision about whether to gold or sell, but historically you are statistically more likely to regret selling or losing you BTC than holding onto it.

jett1964

Is that about (3) BTC these days?

mrestiaux

Posts like this are made in incredibly poor taste. No one cares how much you’re buying. You can just say DCA is the way or something. You don’t need to show how much BTC you have and are buying, in fact, you shouldn’t.

Cold_Respond_7656

That’s incorrect ETF name & symbol Fee Grayscale Bitcoin Mini Trust (BTC) 0.15% Franklin Templeton Digital Holdings Trust (EZBC) 0.19% Bitwise Bitcoin ETF (BITB) 0.20% VanEck Bitcoin Trust (HODL) 0.20%* Ark 21Shares Bitcoin ETF (ARKB) 0.21% iShares Bitcoin Trust (IBIT) 0.25% Fidelity Wise Origin Bitcoin Fund (FBTC) 0.25% WisdomTree Bitcoin Fund (BTCW) 0.25% Invesco Galaxy Bitcoin ETF (BTCO) 0.25% CoinShares Bitcoin ETF (BRRR) 0.25% Hashdex Bitcoin ETF (DEFI) 0.25% Grayscale Bitcoin Trust (GBTC) 1.50%

KCConnor

I'm fairly sure it's going lower than $40K. Easy way to get it to just collapse. Take advantage of the BIP110 controversy, upload something salacious into the blockchain, and pump it to the news anonymously in September (when BIP110 mining conformity is expected to coalesce). You'll have 4-digit BTC by October. Given how horrifically derivative/futures/leverage traders have degenerately traded during this bull run, there's no reason there won't be an equally degenerate bear trader willing to do whatever it takes to temporarily devalue the asset.

khai0001

Most most, it's too early to say. But if you had to bet on one, bet on adoption - BTC.

jmeador42

If you’re buying BTC for its fiat denominated price you’re doing it wrong.

Nick-Jerr

He’s stealing information from Stock Moe on YouTube. He posted a video today called “mother of all short squeezes” for BTC

Radiant_Selection-

Remember when eth was going to flip BTC? … remember when it was going to 10k?

Low_Badger_9430

My uncle thinks the BTC 4 yr cycle has flipped. 3yrs down, 1 up... hello 2028 😊

Pretty-Badger-7852

I think people are realizing that BTC was put together by some of the most evil people on the planet and that could very well be the reason it and the entire market is tanking?

TheMaharishiEffect

I'm long term holding. I do understand BTC but got freaked out when someone explained to me the diminishing returns theory an how we won't even see $200k BTC next cycle

Beneficial_Major9999

The clock is ticking on Saylor and his 1 $billion dollar debt payment due end of 2027…. if btc is 40k at that point, BTC in trouble because no one will refinance his debt that’s MASSIVELY underwater and more than likely he will be dumping BTC

whimsical-crack-rock

it’s ⁠0.00000461 BTC

ChrisConquest

I'm too smart to fall for that, I think it may only be 30 cents still not too sure, at least this is what chatgpt said: "It looks like you’re viewing your balance on **Kraken**. Here’s what those numbers mean: * **$0.3048** → The current USD value of your crypto * **0.00000461 BTC** → The actual amount of Bitcoin you own * **$0.3048 Available** → The amount you can currently trade or withdraw (none is locked) So basically, you have **0.00000461 BTC**, worth about **30 cents USD**, and all of it is available to use.

Specific_Essay6041

Just my personal feeling of it being manipulated more and more by big corporations and government. Seems very risky but that risk could make you significant gains or losses, but for real I am not a die hard or have done extensive studies on BTC like others that know way more than me. I’ve listened to the Bitcoin Standard but for me it’s not worth it to invest a lot of my money. I’m getting to old and closer to retirement (10 yrs) to be gambling. If I had millions laying around, why not… It’s easy to get convinced it’s the perfect hard and sound money by the pundits but I’m not sure

asherlevi

Because people don’t want to wait 3 years to profit. Your money can be growing elsewhere while BTC goes nowhere for years.

SM-

That means BTC will go to around 30k ish, which is doubtful

Illustrious_Cat1339

You financed your car before you remembered these bitcoins. Obviously you arent in dire need of them. Selling them RIGHT NOW is a terrible idea when BTC will very likely shoot back up to 80k-90k soon.

Sharkhous

You forgot to include the image of the guys who forgot where their hard drives are or what their password is. I bought 50BTC from a welsh man back in 2011 because I liked cryptography and the idea but had neither the mathematical skill nor the computing power to get my own. The growth of those BTC is over 66,000% but they're now just background radiation

burnaboj

whatever you do.. don‘t listen to the people in your DM‘s offering their „help“. if you have your current bank information linked to your kraken account, you can simply sell your BTC and withdraw your money

Numerous_Ruin_4947

ETH has been in the red for 12 out of the last 15 months! And 17 out of the last 23. ETH has been in a bear market for much longer than BTC. It had a cursed third cycle - similar to what XRP experienced when the SEC sued. Bitcoin has been fairly sheltered. Now it is being tested by gold and silver, and there's the looming quantum threat. Along with the shrinking security budget. Meanwhile ETH's staked supply has increased to almost 37 million ETH. So it's security budget improved, even as the price declined.

defeater33

ETH or BTC. Buy now while at lows. Use monthly candle stick chart.

defeater33

Buy the dip on the monthly candle chart. Only buy ETH or BTC. Be very careful about picking bottom for any other alts, and only put small amounts in them.

MikaelAbou

You dont expect BTC to go up more than 10% a year?

Quirky-Reveal-1669

Thanks for your valuable input! Yes, I agree, Liquid-BTC is an interesting option. To answer your last question: exchanges will do whatever their EU Overlords demand from them (and more) to keep their license to operate.

Icy_Cryptographer417

Whole coiner here. Might have to sell 0.1 BTC to pay bills. Only if I have to.

ilouiei

I have almost 2 BTC at 103k entry price, I’m still chilling.

Kurosaki56843

If (and this is a big if) the monthly payment is truly manageable even in a worst-case scenario, then taking a loan in the $30K-$40K range is a smart move. Imho using depreciating fiat to acquire a scarce asset is how good investment decisions are made. If you can comfortably service the installments regardless of price action, you are effectively converting fixed, eroding currency into an asset with long-term upside potential. Plus you are not taking a loan to fund a vacation, a car you cannot afford, or to pretend you have money just so you can post about it on social media. You are investing with the explicit goal of generating a return. Businesses borrow to invest all the time. The key difference between smart leverage and stupidity is cash flow discipline and risk awareness. And if you want to optimize further, you can keep that BTC productive instead of idle. Platforms like Nexo allow you to earn on your BTC in BTC, which can help offset part of the loan cost while you hold for the next cycle highs. It is not for everyone, but strategic leverage at deep cycle discounts (when structured responsibly) is historically where gains are made.

Numerous_Ruin_4947

Why do you have to *do* something with ETH? Why can’t you just hold it like gold, silver, or Bitcoin because you believe it will be worth more in the future? People forget that the dollar constantly loses value. ETH traded for under $1 ten years ago. Obviously, it has gained enormously relative to the dollar - so why would that suddenly stop? Ethereum still has strong fundamentals. Posts like yours highlight why ETH has lagged BTC. People keep asking, “What are you going to *use* it for?” as if an asset must have day-to-day utility before it’s allowed to be a store of value.

trelayner

The BTC on-chain fee is currently 0.05 USD do you actually worry about spending five cents too much?

Dry-Doctor-2756

The problem isn’t the volatility folks. That’s normal. The problem is nobody seems to at least entertain the possibility that BTC might never make big moves like it did in the past ever again. So even if it does go to $1mil if it takes 2000 years that’s not good. And you can’t always use the argument “but it went up a gazillion times and fast” Yes it was a historical run and a once in a millennia opportunity in the past 15years. But people or some people care about it right now and from this moment on. Some people got in later and they do expect some up % otherwise they are better off investing in something else. It’s crazy to me how much the past is used to justify present conditions. “Oh but it went up 10488484% until X years ago” Well have you noticed how the big boys piled in? That changed everything. The only thing that didn’t change is the “$1mil will come soon” attitude. Maybe institutions want BTC at 5K and go slowly from there adjusting it like the stock market. Oh yes, you should look at BTC vs stock market to see how closely related they are now. That’s no coincidence. Anyway. Rant over.

Redditfortheloss

Last two bear markets were actually different, though. Way more interest in BTC products (both short and long) exposure by ETFs, and also treasury companies acquiring.  I think everyone is waiting for sub 50k but imo, it doesn’t get there unless it’s a trap (which this current move is looking more like).  Still holding some miner puts, just in case it does fall, though. 

CryptoCircle_

All these questions lead to a much more complex discussion, I think the best thing would be to personally inquire about which wallet suits you better, whether it is Revolut or Binance (the most popular), and the same discussion about the investments you want to make. Many have very divided opinions, the safest is BTC, but if you are also interested in others that have a much higher chance of making 10x or 100x, it would be better to do your own research, not just listen to 2 or 3 opinions.

Best_Friendship_6550

Hahahahaha. It will definitely go that low. Check previous BTC bear seasons. The only doubt i have is the $40K but for $50K i’m 99% sure 👍

YourScienceGuy

That would be beautiful. I would love to see $16k BTC again.

Whitey_29

Kim Jon un’s father is satoshi. Kim holds the most BTC, he also worked with do kwon on terra and im also full of shit

BodybuilderWorried30

What concerns me is that there is a minimum BTC price relative to energy prices that is needed for Miners be in profitable. With big mining operators with cheap energy access that is around 40k, others 50k. Bellow that they cannot sell BTC at a profit. And when all big miners go bankrupt, i fear a price collapse would be inevitable.

HugeLarry

If you trust yourself 100% and want full control with all the responsibility that entails, then go for full self custody. However that’s not the only reasonable or “real” option for all people. It’s true that the risk of self-custody user error is higher than third-party custodial risk for some people. If those people want BTC exposure as an investment, and if they trust their financial institutions, then why shouldn’t they own BTC through an ETF or through their financial institutions keeping custody on their behalf? It’s worth mentioning that exchanges aren’t the only custodians available. For example, Fidelity can now custody BTC, and although there’s risk with any custodian, I think it’s silly to claim that Fidelity is just as risky as any random crypto exchange. A lot of the people who want BTC exposure and don’t want to deal with self custody probably already have a bunch of assets with companies like Fidelity, so it’s a natural step for them. My view is that self custody, third-party custody, and the ETFs are not mutually exclusive, and that the ideal distribution across those depends on each person’s specific circumstances. Splitting BTC across those methods can be advantageous because it removes any single point of failure. If you screw up and lose your keys, at least you still have some BTC in ETFs or third-party custody. Similarly, if your custodian tanks or your government tries to seize assets, you still have your self-custody BTC. Another important consideration is that the ETFs have big tax advantages when held in retirement accounts. Logically, I agree with “Not your keys, not your coins”, but of course “Lose your keys, not your coins” is also true. Taking a broad view, our whole society is still based on trust. Trust between people. Trust between entities, etc. I’m a big fan of how BTC can be used in a totally trustless way, but I also think it’s reasonable to say that some people might want to trust other people / companies to take care of BTC on their behalf. Yes, they are taking a risk, but we’re all taking different risks all the time, and we all have to decide which ones we can live with. \--- Note: This response is largely copy/paste from another thread I commented on which ended up getting removed. Now I've found a new home for it!

BeachedinToronto

That was quite a rant. Not a lot of it makes sense. What if you already own the television? It is an investment. People care about what the price does. If you already own a lot of the investment and you are not buying more (diversification) then you are not excited for cheaper prices/dips as you maybe don't want another buying opportunity. Not everyone wants to keep stacking sats with everything they have. Wall Street and soon most banks will be all in on Stablecoins. Bitcoin will never be permitted to be anything but a store of value now. The lack of volatility in Stable coins exploits one of Bitcoins many weaknesses. Who wants to pay with bitcoin when it can lose 50% of its value in 4 months? Soon stablecoins/tokenization will be the next big thing fueling more gambling/more stock speculation and far less people will move into or consider Bitcoin. I was excited about ETF adoption and Treasuries but I am now beginning to think that the whole BTC adoption is slowing dramatically.

LetterheadLimp

The thesis has massively changed. It’s contextually linked to tech sector and what AI has done to the tech sector. AI is fantastic. Also it’s carved up how people look at the tech sector. Buzz words don’t work anymore. Saying we are a buzz word AI buzzword isn’t going to keep a company going anymore. A lot of AI companies also failed hard-core and were totally not profitable. So that kind of killed the love of buzzwords. Unfortunately, things like black chain and digital assets fall under those buzzwords. So all I’m saying is now BTC has to stand it by itself. The only thing going for it now is digital asset management in the financial sector. Of course they can always cash those bitcoins out to save themselves and go back to cash. They are all feeling the same pressure however it’s millions of times worse for them. So the thesis has changed. Unfortunately, curtains were pulled around the other moving parts of BTC and then investors sold a thesis that isn’t telling the whole story.

mystcalone624

So I have been in crypto since 2012 and for the last 14 years I have seen these three or four year cycles. They have all been the same in this regard, people panic selling on the crash and people texting me to ask me if they should buy on the bull run. Both are terrible ideas, when people are saying crypto is dead and everything is going to zero you should load up. When we are in a bull run you are too late unless you plan to sell within that cycle. People were asking me if BTC was a good investment at $200, 2000, 20k, 50k, 100k etc.. it is and always will be. If you look at its performance against traditional assets it obliterated these other assets even with these insane swings. So if you believe that 60k is a bad buy, sell it and I will buy yours. It makes no difference if we are at the bottom or not because we know it was up near 120k so worst case I will double my money but in reality probably triple or more. Also to your last point in my opinion and this is me guessing, the long cycles are going to be shortened significantly. The reason is because EFT and institutions hold so much crypto that these cycles are going to be much shorter. I also believe this is an artificial dump to make people panic because you aren't seeing these same instructions dumping coins and these companies have asset managers. That's not to say it can't happen, just that it hasn't happened.

Best_Friendship_6550

Nope. I only deposit USDT when the order is close to the next target. Example i have only $2000 in the exchange account waiting to hit the $60K target. If it hit then i withdraw the BTC and deposit another $2000 for the $52K target.