BTC

Unlucky-Hair-6165

I sympathize, I had worked up to 5 BTC worth around $100 each from online gambling and lost them all the same way. That’s worth a house now.

Beautiful-Narwhal690

Nobody needs BTC to begin with. It doesn't facilitate transactions. It doesn't make life easier. It's all copium.

pablo_in_blood

Yeah I don’t track it at all lol. To me it speaks to an earlier-stage Bitcoiner mindset where you’re still fundamentally thinking about BTC in terms of dollar value & ‘profit.’ The only number that matters to me at present is the number of BTC. The rest is just noise.

aaashryver

I think there's still some life left for BTC to try and break 80k again and it will drag alts

Murky_Citron_1799

Who hold the BTC?

Few_Shock8255

I’d split it by use case BTC for holding, ETH feels more like a roadmap bet. For spending I just use a small USDT balance through Oobit and leave the BTC stack alone

Few_Shock8255

I’d split it by use case BTC for holding, ETH feels more like a roadmap bet. For spending I just use a small USDT balance through Oobit and leave the BTC stack alone

Nathaniel_Sparky500

I don't "hate" alts, I like the ones that actually do things (I am a huge proponent of Monero), I just don't think shit/meme coins are anything other than vector for scams and losing money. If you made money from them great, I don't think that is ethically any difference than investing in BTC, unless you're staging rug pulls.

Belgiannator

It's the exact same thing as with BTC that determines the outcome: patience and speculation.  Not a big deal you hate alts, but if you're mature you should be able to admit there's real difference. Only the volatility. 

Neat_Piglet_1637

Nunca venda seus BTC…

BuyIndependent2319

The only proof I have is block 5497 which I mined. I remembered the public key and the time it was mined, that’s how I know. In a state of psychotic bliss I added 2 small transactions back in 2014 with extra BTC I had from a trade. More BTC burned.

SusSusan_Oylerf378

Contrasting BTC and your house is ridiculous

MusicalBonsai

Your narrow window analysis doesn’t include the fact that the ATH this last cycle was reached before the halving, a first in BTC history. Patterns don’t repeat exactly.

No_Balls_No_Glory

September has historically been the worst month for BTC. But could this time be different..

gihkal

I think BTC has a future. I simply don't believe the individual I replied to. And their price estimate is ridiculous.

BuyIndependent2319

If my memory serves me correctly, there was a website in 2009 where it said 1 BTC = 0.001 BTC, or something to that effect

Radiant_Setting9172

ATH before the halving, indeed, but also cycle top well below investors’ expectations and also well below previous performances from past cycles (even considering diminishing returns/losses formula). QT made a difference, BTC cannot stay indifferent to different market conditions. Time will tell if it will get back to “normal” or not in QE times 🤝🏻

Generationhodl

I love it when people don't even read the article thats linked in this thread. "BlackRock's IBIT has processed more than $5 billion of direct Bitcoin-to-ETF conversions after lowering the minimum transaction size from $25 million to $1 million." "BlackRock has helped move more than $5 billion of directly held Bitcoin into its [iShares Bitcoin Trust](https://www.ccn.com/news/crypto/ibit-options-volume-record-bitcoin-call-options/) (IBIT), strengthening Wall Street's grip on an asset originally designed to operate outside the traditional financial system. The shift allows large holders to exchange BTC for ETF shares without first selling their coins for cash."

Astropin

Total bullshit...you couldn't buy Bitcoin anywhere from anyone in 2009. The 1st "monetary transaction" happened in 2010 when Laszlo bought 2 large pizzas for 10,000 BTC (May 22 2010....AKA "Pizza Day")

Infamous-Elk-5086

Oh ok, I was worried you just refused every cold storage. I'm glad you were able to withdraw your BTC in time and didn't lose anything!

tadnarosix

Sorry, my previous reply contained a typo and I deleted it at the same time that you replied to it. Luke is changing the proof-of-work algorithm to BLAKE2b, which is the same PoW algo as Siаcоin. Bitcoin miners are not ready to mine Lukecoin but there are some people ready to mine Lukecoin because BLAKE2b ASICs are already sold out. Luke wanted a PoW algo that was already used by an altcoin so that there would be a large amount of ASICs that already exist and ready to mine Lukecoin. He chose multiple altcoin PoW algos as options and he used a testnet4 block hash as the random beacon to pick which one to use. This was an interesting selection method considering that it's possible to manipulate this selection process by simply mining blocks with the right hash because mining a testnet4 block has a trivial cost. So Luke or somebody else could have forced a specific PoW algo to be chosen by just mining a testnet4 block with a specific last byte in the block hash. When Zcаѕh devs did something similar for a trusted setup, they used the block hash of a specific Bitcoin block in the future, and they specified that the block hash would in turn be re-hаshed 2⁴² times¹ to ensure that absolutely nobody could possibly pick the value in advance. Luke's faulty method of "randomly" selecting a proof-of-work algorithm leaves us with two possibilities. Either Luke is incompetent. Or the PoW algo selection process was a sham to enable Luke to pick a specific proof-of-work algorithm while making the selection appear random. Knowing the proof-of-work algorithm ahead of time would enable someone to buy a bunch of BLAKE2b ASIC's cheaply ahead of time. It would also enable them to "instamine" a bunch of lukecoins due to the low difficulty that Lukecoin will be launching with on September 1st. You could cheaply mine a bunch of lukecoins and then exchange them for BTC with fools who believe that Lukecoin is "the real Bitcoin" and that they're getting a great deal.

gihkal

Where was the BTC held? With the owner and the wallet monitored by the lender? Or the lender held it so they can disappear with everyones Bitcoin?

angelwolf71885

Thanks for your donation to the cause “ Stone Man “ you are an even bigger hero then the person who ordered 2 pizzas and paid in BTC also the guy who lost his HDD in a dump legends

usedmattress85

It really. He clearly said $83-85k which is true. I’m overall bullish on BTC and MAYBE the bottom is in, but there is strong possibility that we sweep the lows again in Q4. Pretending that’s not possible is idiotic.

tadnarosix

Luke is changing the proof-of-work algorithm to BLAKE2b, which is the same PoW algo as Siаcoin. Bitcoin miners are not ready to mine Lukecoin but there are obviously some people ready to mine Lukecoin because BLAKE2b miners are already sold out. Luke wanted a PoW algo that was already used by an altcoin so that there would be a large amount of ASICs that already exist and ready to mine Lukecoin. He chose multiple altcoin PoW algos as options and he used a testnet4 block hash as the random beacon to pick which one to use. This was an interesting selection method considering that it's possible to manipulate this selection process by simply mining blocks with the right hash because mining a testnet4 block has a trivial cost. So Luke or somebody else could have forced a specific PoW algo to be chosen by just mining a testnet4 block with a specific last byte in the block hash. When Zcаsh devs did something similar for a trusted setup, they used the block hash of a specific Bitcoin block in the future, and they specified that the block hash would in turn be re-hashed 2⁴² times¹ to ensure that absolutely nobody could possibly pick the value in advance. Luke's faulty method of "randomly" selecting a proof-of-work algorithm leaves us with two possibilities. Either Luke is incompetent. Or the PoW algo selection process was a sham to enable Luke to pick a specific proof-of-work algorithm while making the selection appear random. Knowing the proof-of-work algorithm ahead of time would enable someone to buy a bunch of BLAKE2b ASIC's cheaply ahead of time. It would also enable them to "instamine" a bunch of Lukecoins due to the low difficulty that Lukecoin will be launching with on September 1st. You could cheaply mine a bunch of Lukecoins and then exchange them for BTC with fools who think Lukecoin is "the real Bitcoin" and that they're getting a great deal.

JimmySki6166

Is there a guarantee your BTC is returned at current market value?

JimmySki6166

I’ve been purchasing BTC every week for the past 4 years and will continue to do so. Have never cashed any in, nor will I. Investing for generational wealth!

Beautiful_Level_3259

Exactly this. Everyone I see is talking about the big bull run starting now and that everyone who didn’t buy in the 60s is an idiot. Hopefully they keep that same energy if BTC retraces in the 40s

para1131_F33L

6 month BTC chart.

sylsau

**Bitcoin just entered the U.S. mortgage system.** And the wild part? **The borrower didn’t have to sell the Bitcoin.** BTC became collateral. The house got financed. The Bitcoin exposure stayed intact. This is bigger than “buying a house with Bitcoin.” It’s Bitcoin evolving from an asset you own into **monetary property you can borrow against**. That changes the game.

xaviemb

Rich people stay that way by never selling things of value (assets)... you don't sell your house to live... you shouldn't sell your BTC to live... you should plan accordingly to have cash flow so you don't have to sell your house to live (or your Bitcoin)... protect it like it's the house over your futures head. It is your future financial security. Bitcoin is teaching people to stop treating assets as something to trade for stuff... and instead something to stack and then borrow against later for living.

International_Long60

Exactly and I just matched the numbers in the picture with Sosovalue BTC ETF chart, and it seems like lookonchain shared the same numbers that are for 08/25 with some twisted words.

YourWifeHouse

There was a very recent article about bitcoin mining cost per BTC, takes it around 80k per BTC: [**https://www.simplemining.io/insights/post/bitcoin-mining-cost-2026**](https://www.simplemining.io/insights/post/bitcoin-mining-cost-2026) So, given the market price right now, it seems like it might go higher, I could be wrong though.

SeriousGains

1. You’re actually quite ignorant of my experience. Your assumption is simply a projection of your own lack of first-hand knowledge. 2. Just because “a few ppl” did something doesn’t make it a justified reason. 3. 8999 BTC at the time of the post was around $650, not a once in a lifetime fortune. If you want to measure by opportunity cost, then everyone who had $650 and a means to buy BTC but didn’t experienced the same loss.

Velvet_Samurai

Roughly 20% Probably more than I would prefer but I got in early and my basis is so freaking low I really can't do much about it. Not interested in selling, but I really am not buying any more. I have a small list of alts I buy a bit of, but haven't bought BTC or ETH in years.

BuyIndependent2319

Niice. All I did was buy BTC for use with Silk Road back then when it was only $15, never for investing, and look how I turned out.

uhohsusan

Well, the BTC and ETH ETFs ate up a lot of retailer volume. Plus didn’t help the last bullrun was Meme coin season that hosed noobs who are aren’t coming back. Trust everyone who has been in crypto for longer than 4 years have been ripped off, rugged or hacked. I quit crypto in disgust every few yrs, but then get lured back in bc CeFi is worse w less upside.

Clean_Difficulty_225

It's just a tool to have in your tool belt. Like anything, you can't just purely use one tool and expect that advantage to continue to exist over time. It is most effective when used in conjunction with other data points, e.g. fundamental analysis, other forms of technical analysis, etc. FWIW, in my humble opinion, BTC already terminated its final wave 5 for this cycle and the next macro price target is much, much, much lower (talking sub $1k here, if not full liquidation).

theincognito66

You're making them permanent because you're declaring they are. Accept the things we cannot control. Learn to identify the things you can control and change your behavior if you're causing unnecessary harm to yourself. I thought BTC was a scam back in 2011. I could have been rich too. But I don't bother myself about what 19 year old stoner version of myself was doing. I've been stacking since 2020 and hope my stash will be substantial enough.

SolonEunomia

BTC is not a currency. Money is an institution of law.

KadoStratify

Imagine thinking a \~0.8% portfolio trim for standard business ops/tax harvesting means "giving up," right before they aggressively bought back even more at the dip. They still hold over 840,000 BTC.

BuyIndependent2319

Your right, I should have asked for 25000 BTC for that price

BuyIndependent2319

Somehow I think this is all punishment because I didn’t listen to the voice telling me to buy 1500 BTC. Had I done that I might have chosen the other narrative that I should invest in Bitcoin for the long term because in my mind I knew that it would be a big thing. I think a time traveler from the future contacted me and that’s how I found out about it.

oneawesomewave

You can make peace with yourself if you stop telling yourself and others fairy tales. You would have made something like $500 and felt like a financial genius or something. Then, as BTC kept climbing, you would have felt even more miserable because you thought you were a genius, only to realize that you were just a gambler like everybody else. How does that taste? Surely, you would have started telling yourself that it would eventually drop to zero and constantly checking the price charts. With every bear market, you would have felt some sort of happiness, barely enough to fill the inner void. And then despair and anger whenever the bull market returned. Then, at some point, you would have found r/Buttcoin. And that’s where you would be sitting now, yelling at people you don’t know. Much like now, only on the other side. You didn’t lose a chance. You just missed it. And you would have lost it over and over and over again because you simply weren’t dedicated enough to actually hold on to it. So stop telling yourself lies and buy whatever you like to buy.

PrettyQuick

If your in Euros like me its always the other way around thinking im rich whenever i see a BTC post at 80k

derbyfan1

# Looking for $1000000 worth of BTC to test my wallet. Hey everyone! I previously asked for around $3 because I thought I needed that much to experiment with crypto. I recently found out that even a much smaller amount is enough for basic testing. Would anyone be willing to send me $1000000 worth of BTC so I can test receiving and sending it from my Trust Wallet? No pressure at all if you don't want to. I just want to learn how it works. Thanks! 🙏 [](https://www.reddit.com/r/CryptoCurrency/?f=flair_name%3A%22TECHNOLOGY%22)

BlazingPalm

Hate the low-effort AI, but the concept that is now coming online is quite exciting: BTC-backed mortgage loans with no liquidation. As long as you service the loan, your collateral remains. This is huge for big hodlers and those who believe in the asymmetrical nature of BTC and the outsized gains that are possible over longer time periods, say 20 years! Let’s say strong inflation persists and BTC has 10x over 10 years. You could potentially pay off the loan early and still retain 80-90% of your now massive stack. If BTC disappoints, well, you just stick to plan A.

filenotfounderror

You could always join r/buttcoin with all the other people who knew about BTC but are angry they never bought in.

Alive-Material4405

Move it into the your own Roth account using Fidelity. Then you can buy SPOT BTC, MSTR, ASST. 1/3 each. Hold for 10 years... retire.[](https://www.fidelity.com/retirement/roth-ira)

Good_Extension_9642

But what makes you think if you would have gotten the 1500 BTC your inner voice wouldn't have said "sell" as soon as it crossed the 100 or 1000 price

BuyIndependent2319

The voice speaking to me was my girlfriend in college, that I gave my heart to. I didn’t listen to her plea to just buy 1500 BTC.

Academic_Audience407

ETH will surpass BTC in the near future. SOL as well.

rgnet1

Yeah, the other critical thing to know with bitcoin is that ALL btc sitting at a single address MUST be accounted for in a transaction. Meaning, if you have 10 BTC on a SINGLE address and you want to send 6 BTC to someone else, the transaction must be: 6 BTC -> destination address 4 BTC -> "change" address Sometimes, wallet software would set the "change" address right back to the origin address. So while the net result is the origin address just deducted 6 BTC from its balance, a true ledger transaction occurs of "-10 BTC, +4 BTC". This would have been great for Stone Man. But for privacy purposes, the default bitcoin wallet behavior is for the remaining BTC to be sent to a NEW change address generated automatically by the wallet. There is no technical difference between a "receive" address and "change" address. And there's the problem. His back up wallet file was made before the change address was generated. So his 8,999 BTC change went to an address that was never backed up and lost when he shut down his impermanent Linux distro. This is probably the de facto case study of why heurodeterministic (HD) wallets were later invented. 12 seed words could be remembered and they would always derive the same receive and change addresses. No wallet file backups needed, no random addresses generated on the fly that would be unrecoverable if the wallet file was not backed up.

Difficult_Letter_607

You do not mate. And you shouldn't think about that nonsense. Most people whom did what you were intended to do were the ones who sold BTC at 0,50€/btc and bought again at 2,00$/btc and sold at 2,50$/btc. This loop which did not make them rich. Bitcoin were only life changing for the ones who bought or mined it for the play and completely forgot about it... until one day searching their PC they find out about those old adresses for BTC and voi lá, rich!

BuyIndependent2319

The thing was if I had just listened to the inner voice and just bought 1500 BTC I would have been at peace with myself, not constantly arguing. And it might have given me guidance of what to do, when to sell. It wouldn’t have been done out of greed

AlternativeToday279

We all carry those moments, like a stone in the pocket. The 50 BTC one stings different because it was already in your hand.

No_Community7021

"Why do people..." is never a good opening because we all are people and say different things. I for one have no clue about what's gonna happen but just hopes BTC keeps evolving and allowing us to have some fun and earn some money for long time.

Sufficient_Show1

I have which I wont sell untill I see BTC at atleast 500K, Lol

TheBigLR901

Thats a BTC buy signal

BuyIndependent2319

Life is absolutely horrible, miserable for me. I brought this all on myself too. All because I stupidly thought the entire Bitcoin community hated me. I pace around the clock and I’m ruminating constantly. I sometimes wonder even if I got my 1500 BTC somehow would I finally stop pacing or was this all tied to this one decision of “doing something I wasn’t supposed to do” or asking for more than the 1500

BuyIndependent2319

Yeah I know what you mean, even though I kind of knew it would take off. I didn’t buy any because I thought that I was “greedy” to want so much money in the future. Looking back though, I didn’t have to want so much. 1500 BTC would have definitely been acceptable.

__Ken_Adams__

You could run the entire global economy on 1 bitcoin. Lost coins is not a problem. >given enough time there will only be a few holders left What is this statement? This assumes no new buyers/adopters. BTC is changing hands & flowing into new holders all the time.

Puzzleheaded_Card_71

Don’t. Like others said it’s a vestige of the past. That said SOL, ETH and a few others have good to great metrics in terms of actual users, TVL, daily transactions, etc. Nothing wrong with some exposure to them and If you want to gamble, have fun. Even a dead chain like cardano can see a 10% burst when btc starts to run - but I wouldnt go hard into any old coin other than BTC, SOL, ETH.

ProfessorSevere9214

Too many of these instances where thousands of BTC are just forever lost from the supply. Its actually a really bad concern for BTC market in general

ilovemydognacho

I am proud of my whole 1 BTC

Amins66

Stupid people will be departed from their BTC - history repeats

BrainGamer_

Been DCAing directly into my hard wallet with Relai for half a decade now and the BTC actually going into my wallet is +- 1% of the € value of the bank transfer at that time. There have been some outliers with -5% up to +2% but the vast majority is around -1%.

ccoinmintcc

Currency is a widely accepted economic instrument used to exchange goods and services, measure value, and store purchasing power. US Dollar = People trust the country and its financial system, therefore they are willing to accept the US dollar. BTC = People trust the publicly available technical rules and network consensus, therefore they are willing to accept BTC.

Queasy-Ride4291

Next Cold Card stolen BTC story in 10 years….Time Lock. With classic Reddit headlines such as “I can’t believe it, my Bitcoin was stolen 10 years ago and I didn’t even Know!” And “Time Lock Made me Feel Safe for a Decade, Little Did I Know….” and “Went to Finally Retire and Found Out my BTC was Stolen 20 years Ago!”

Legitimate_Cry_5194

In crypto, 100%. Which means in BTC 100%. In cash i keep a generous budget to cover my expenses until the end of 2029.

Stunning-Chipmunk243

Wait, I thought the house you financed was the collateral? Let's say I have $500,000 in BTC and I borrow against it taking a loan of $400,000. The next day BTC plummets and your $500,000 is only worth $200,000, what then ? Does the bank repossess the house or force you to come up with the difference in collateral with either cash or something else?

xtexm

BTC won’t be the pipe dream everyone thinks if we keep handing over ownership to institutional capital. People get too cocky when number goes up, thinking they can borrow against it, and outsmart everyone. Most people today still choose $10k over 100 bitcoin (literally ask anyone on the streets). Having very small amount(s) of BTC that you self custody is way more powerful than someone taking the risk of borrowing against a large sum of sats. It can be done, but you introduce counterparty risk. Remember the goal is to get YOU in debt. Theres *not* enough *money* to repay the *interest* on the *debt*. I’m afraid it will be an awakening call when people get rich in fiat terms, take on more debt, start trying to outsmart or outperform BTC chasing dollars. Some people do live in a BTC standard, but they earn, spend, and save in BTC.

iScreem1

That companies and people are using their hardware for AI doesn't affect the BTC price. It isn't any news anyways, there is a bunch of people renting their gigs for AI use.

Horror_Office_5737

Yeah I’m pretty much seeing the same thing. The greed number is probably the bit I’m watching most 65 isn’t extreme, but coming down from 74 while BTC dominance is just chopping around makes me think there’s still a lot of uncertainty. I think the shakeout before another proper move is a pretty reasonable call. The weekly close will probably tell us a lot more than what happens over the next few hours.

dj_destroyer

The worst part is most times when you lose money, the pain eventually fades. But because of "number go up technology", losing Bitcoin continues to sting forever and sometimes gets worst over time lol I lost 0.2 BTC to Quadriga in late 2018, which at the time was basically a rounding error or "dust". Now, it's worth a car. One day, it'll be worth a home.

MakCapital

Yes and crypto isn't just BTC. There's nothing wrong with using existing solutions to trade certain assets for goods/services and there's also nothing wrong with taking existing traditional assets and moving them on blockchain rails as tokens. Everything becomes crypto. Everything gets tokenized. Everything then starts as tokens. Obvious for years.

Hitachi22

LTC/BTC hit a new all time low. Dead shitcoin 

Realistic0ptimist

I think it’s also age based. When I was in my mid 20’s one of the first things I did was buy a whole bitcoin when it was at the 6k range with my savings from my big boy job I had been scrapping Pennies together for 7-8 months. Ended up moving from BTC to LTC which was a minor mistake but…As I got older and my priorities and risk profile changed I took my holdings and bought a house. Had I still been holding on I would have an account worth the same amount as my current home equity but I actually get to live in a house now

Systemonly69

Looks like 60K BTC is incoming.

ShlimmyWhimmy

How do you do that? Just go to a bank ask for a say 15k personal loan and say i got 15k of BTC I'd use against the loan??

hpaynecrypto

TLDR: Every self-custody setup has pro's and con's. No matter which way you end up going, its important to enter it with your eyes open to the potential failure points and do your best to anticipate/mitigate them. I first and foremost want to disclose I am a Casa employee (our whole business is multisigs). Its also important for me also to call out that "wallet" is a huge misnomer in this space and really all a wallets job is this: Generate entropy for your seed & sign transactions. IMO some of the more "fancy" wallets that have bluetooth, etc etc are just more points of failure (I might just be a boomer though). People always think "higher number from wallet manufacturer = better", I think the simpler, the better. When it comes to steel plates and washers, I am a fan of those BUT only if they can be sealed in an opaque tamper-proof bag so you can know that no one has come along, snapped a picture and walked away (you would be surprised at the # of housekeepers, ex-partners, etc do this to get back). With anything, there is always a subjective bias and I will try to present both sides here as objectively as possible. One recommendation I tell anyone who asks me at Casa when trying to understand what setup they should run, I ask them if they multiplied their assets value by 10, what kind of security would they want to protect a stack that size (I am bearish on fiat in general). I will put my general recommendation as to what size of stack I think each setup really is equipped to handle here; NFA, dyor, etc etc. **Single-sig:** **(0-0.25 BTC)** **Good:** \- Only have to manage one device \- SUPER easy to get up and going (this can also be a con) \- Lot of options **Not so good:** \- You are relying on the entropy from that manufacturer to be good. (and YES you could roll your own dice, and do all of that self-custody security p\*rn, but like, lets be real, the average person probably will not do this) \- If that device breaks (I have seen this SO many times) or is lost and you did not backup your seedphrase, you are cooked. \- If you forget the password to your device (weirdly enough I have also seen this happen) and have not backed up your seedphrase, most devices wipe or lock out after X number of wrong entries. \- Inheritance is "managable" if you can somehow get someone you trust the seed and believe they will not leak / lose / heist your coins. Personally, I do not trust anyone else with that information / to execute on implementing it if I wasn't there to guide them. \- Vulnerable to natural/political disasters (if a fire rips through and cooks the device + seedphrase, big problem) For some flavor on this, I ran like 6 or so single-sigs for probably most of my early crypto career (started in 2016) and just spread my funds somewhat evenly across all those wallets. The only problem with that is if one device is compromised/lost, you lose 1/n parts of your stack. For some, that is an acceptable risk given size/risk posture/etc, as it's better than losing 100% of it. As I have gotten older and the stacks have grown in fiat value (and hardware wallet vendors have begun doing more dubious things), the negatives listed above has become more of a concern to me. \_\_\_ **Single-sig with Passphrase:** **(0-0.5 BTC) <= I want to put 0 BTC due to how many people I have seen lose funds from forgetting their passphrase and being locked out of their stacks forever.** I call this the 2/2 multisig because if you lose one or the other, you are cooked. **Good:** \- Only have to manage one device \- Lots of options \- You can ensure entropy protecting your funds is \*slightly\* more robust through the passphrase **Not so good:** \- A "secure" passphrase isnt just one word. It's more like 8 words. Lots of folks set too weak of a passphrase to really matter OR set a super long one and then don't treat it with the same protections as a seedphrase. \- Inheritance is pretty much same risks/issues as mentioned for the single sig BUT you are also counting on someone to remember your passphrase as well (and know how to restore your wallet) \- Same vulnerabilities as above re: political/natural disasters. \_\_\_ **2-of-3 multisig:** **(0.5-1 BTC)** Most basic multisignature wallet setup. **Good:** \- Multivendor exposure on your keys (not going to name names of Hardware wallet vendors who have recently let us down). This also means you are not reliant on the entropy of just one key HOWEVER if a key does have bad entropy, it should be rotated out as soon as possible. \- You can geographically distribute keys (helps against natural/political disasters) \- You can set one up in Sparrow if you are technically inclined and if you need someone to help you, there are lots of companies out there who can \- Inheritance can be easier as you can just give your dad one key, and then have the other (and the wallet descriptor) given to him by your lawyer/etc if you pass, and then he can open and move your funds (as long as he knows what to do) **Not so good:** \- **Lots of potential footguns:** Not saving your wallet descriptor as well as your three keys when setting it up, losing two keys (ex: you lose a key and your dad loses the key you give him) \- Inheritance is still somewhat tricky but managable (I would argue more managable than a single-sig since you could literally give a lawyer a key and there is no way they could access your funds before you die). **3-of-5 multisig:** **(1 BTC+)** Probably the largest # multisignature wallet setup I could recommend without sounding insane. I know a couple people who have a x/10 (or higher) multisigs, and imo thats just too much to be even considered reasonable for the everyday person (myself included, and I literally work at a multisig company). **Good:** \- Multivendor exposure on your keys \- LOTS of redundancy \- You can geographically distribute keys \- You can set one up in Sparrow (or use other companies) \- Inheritance is super slick in that now you can give two keys to two different people, and migrate that as a single point of failure (and they still wouldn't be able to move funds) **Not so good:** \- More keys to manage \- If you DIY, same footgun comment as above re: descriptors, etc Looking at the clock now, I realize I spent a lot more time writing this than anticipated so somewhat cutting this short (might do a pt.2 later when I get some more time). OP, I hope this was helpful and I wish you the best on your self-custody journey.

rafaleeteenijsje

I invest for couple of years in BTC and by long investigating i choose alt coin Near Protocol ( that is personal) , i also buy etf stock. I give 50% to stock and 30% btc and 20 % alt coin. So far in couple of years i am nice in green. I think hopefully i will have good amount when i retire. At my age i will be not a milionair but it is better tot give amount in btc then to bank imo.

Efficient_Range1156

They all own BTC

Efficient_Range1156

You stopped at 1 BTC?

PreferenceOk2716

BlackRock’s IBIT has reportedly processed $5B+ in direct Bitcoin-to-ETF conversions. These let large holders move BTC into ETF shares instead of selling it first. BlackRock also lowered the minimum conversion size from $25M to $1M, making the process accessible to a much broader group of wealthy/institutional holders.

H8ckt1v1st

Rule no 1. Never disclose your BTC holdings. Period.

IndustrialPuppetTwo

The only crypto in my portfolio is BTC and that's about 15% total now that it's down from the ATH.

UrbanGrower187

Yeah man! Like pretty Ute most ppl in the group buy BTC so this post seems like it fits the narrative. Good for you for buying some! I buy some as well every day. Has worked out great for myself kinda confused how ppl actually loose on BTC when you buy everyday for the last 5-6 years there is just so many gains. But the trick is found is buying everyday so you don’t miss any price point opportunities.

Careless-Neck5405

long time ago we played a counterstrike 1.6 tournament and ended on 3rd place. 1. place was 500 Euro giftcard for the whole team (100 per person) 2. place was 5 steelseries-headsets 3. place were 300 BTC (i think at that time was around 80-100 euro for 300 btc. nobody from us wanted it because we were still tilted we lost the semifinals and also, nobody knew what to do with it so we gave it back to the organisation of the LAN for some free hotdogs + icetea for whole team. now i want it back

Alien69Flow

Alguna DAO en BTC?

DomesticatedVagabond

No technically as new currency can enter circulation when governments/banks print it. With BTC the supply of money is fixed but divisible as much as people want. What that actually offers in terms of usefulness I suppose is up to interpretation, but for most people BTC is solely a speculative investment. For others, BTC can act as 'safe-haven' when world markets look sour. Otherwise it's to obfuscate transactions, although given most people are buying via exchanges their transactions can be followed anyway

Background_Item8659

Check out [https://www.solosatoshi.com/product/bitaxe-gamma/](https://www.solosatoshi.com/product/bitaxe-gamma/) \- It's < $100 and you'll get to learn mining. It's unlikely to ever actually find any bitcoin if you are solo mining because it's not powerful enough, but it's a lot like playing the lottery. You could win some day and get a full 3.13 BTC block payout. Mostly it's just fun to learn and it helps decentralize the network a bit.

OmegaLabs1

The 77p is not a scam, it is just the exchange rate having a mood swing between when the invoice was made and when your transaction confirmed. Merchants quote you a BTC amount that is valid for a few minutes and after that whatever they get is whatever the market says. Most payment processors bake a spread into the quote for exactly this reason, so they usually end up slightly ahead, not behind. Your job as the payer is only to send the exact BTC amount they asked for. You did, so the order is settled from their side. Where people actually get burned is sending a slightly smaller BTC amount than quoted, because then the payment is underpaid and it sits in limbo until support manually fixes it. Congratulations, you have now learned more about foreign exchange than most people who use a debit card abroad.

RealLilacCrayon

They didn’t receive any cash. They received Bitcoin. They asked for 0.0012728 BTC and that’s what they got. Imagine instead they asked to be paid 10 grams of gold. The value of gold can go up or down after you send 10 grams of gold and it’s irrelevant. They asked to be paid in gold.

brandond111

I'm so thankful to have got into BTC when I did.... I'd have lost everything too. These old boys paved the way

tadnarosix

Luke is hard forking on September 1st to launch an altcoin with a different proof-of-work algorithm than Bitcoin and a smaller max block size than Bitcoin. His new altcoin will have its own blockchain. Luke decided to name his altcoin "Bitcoin". To be more specific, he actually claims that his altcoin is the real Bitcoin. He also claims that BTC is the altcoin. Whenever Luke has said "Bitcoin" in the last few weeks and in the future going forward, he is referring to his altcoin. Whenever Luke is actually talking about the real Bitcoin he refers to it as scamcoin or other silly names.

macetheface

Why not? It's the inverse of USD which functions as a payment tool. BTC is still in price discovery but each cycle it's (seemingly) fluctuating less and less. Could reach relative parity within a few more cycles and you don't get much wild movement anymore. No reason it can't be used for payments - already being done in some countries.

RedwaterCam

Zero I sold out when BTC hit like 85k the first time. Best decision I ever made. Don’t hold the bag boys.

NonVideBunt

BTC is down massively from all time high, stock market at all time highs. Anything other than BTC has literally tanked. Those of you 50% or more into crypto are smoking crack.

filenotfounderror

I thinknot was more like He had all in coins in wallet A He made a backup of wallet A, lets call it A1 Then he made a transaction from A which sent his coins to wallet B (1 btc) and wallet C (8999 BTC) Then he closed and wiped everything and realized later he doesn't have any backup or way to access B or C. Only A1