BTC

ChocoNutty_

You can borrow against BTC without selling. Figure does crypto loans around 8.91% fixed at 50% LTV, comes up from the mortgage side. Only catch is the terms 12 months, so with a house 2-3 years out youd be refinancing before you even buy.

throwaway18032000

The best time to buy crypto was when BTC was a few cents. Or you can always invest in BTC on an investment platform.

Rortherina

I live in Brazil and earned not a lot 10 years ago. My monthly wage was 200 dolars.. I would buy 10 to 30 dolars a month in BTC... thats why after 10 years I had "only" 1 BTC. But that was a lot to me, not only for the money, but it was years of savings.

Desperate_Bath_4299

I'm sorry but u believed wrongly about BTC. What economic value proposition does it have exactly? To criminals yeah alot of value since is literally untraceable if stolen. To 'enthusiast' like yourself, lame ducks and meat fodder for the former I must say.

PeacockMamba

Also everyone whose been trading BTC for 10+ years has had swings like this. Get used to it. Use it as a learning lesson. Don’t be like me & never write down the password to your .dat file with 10+ BTC on it dating back to 2012. It’s part of the crypto game.

__redruM

Once the BTC ETFs were created self custody became obsolete. If you’re going to save at “investment” levels don’t self custody, or keep it on an exchange. Stick it safely in a brokerage account, like you would any other investment.

RealLilacCrayon

I mean sure. I would always take 10 million in BTC over usd anyday.

juggarjew

We already have that something, its called Precious metals... Buy Gold instead of BTC. At least it holds its value better than fiat and is something you can physically hold and control.

sonoskietto

Doesn't matter. Fiat is still fiat. Give me $10m in fiat. You can keep the $10m in BTC or any crypto and keep playing games 😂🤣

lekebecker

but still ,, in the end,, BTC will go to 1 millions some day!:) for they other crypto,....well...gl .lol

mrlandlord

It was weird. I bought a trezor years ago and still had some BTC on it. So over the years of updates of the trezor suite they added the passphrase functionality. When I went to send the BTC from it, the passphrase prompt came up. I gave up trying to figure out what it could be. Then did a workaround.

FoucaultCareofSelf

Ai overall, not just in one way, is really beating crypto down, hard. Would be fascinating to see where BTC and ETH would have been without AI.

Sct1787

Poxa mano, minhas condolências, isso é ruim. Especialmente agora que o BTC subiu e vai subir mais contra o real. 🙏

No-Compote-8920

If some one keeps all their $ in cash they are mentally challenged. Keep it in a bank. Multiple times my card has been skimmed and hacked I have always gotten my money back. BTC can never match that.

Glittering-Bus-5546

Was told the power of the BTC network is incredible and decentralised. 🤣 One insider with a laptop and everyone’s fck 😂

RealLilacCrayon

Something will replace fiat. Fiat is just a debt based currency that gets debased year over year. Yes BTC has issues like this but at least it has proof of work and can’t be printed freely.

Rortherina

The wallet I was using (Electrum), despite being one of the oldest in the market, had a sceurity breach that allowed hackers to change the BTC sending address in a specific type of transaction

PrizePreset

Sounds hilariously complex and you still lost everything. Good luck with “mass adoption” when even a 99.9 percentile BTC security guy still can’t hold on to it

ch7mbucket

BTC value gonna rocket soon. Believe me /S

mrlandlord

I almost lost 0.45 BTC because somehow Trezor decided I needed a passphrase. Ironically I used Electrum to just enter in my seed phrase and move my BTC to Coinbase so I could move it to fiat for a down payment on a cabin. That was the longest 10 minutes of my life. I will never again self custody. Apparently, I am not qualified. Sorry this happened to you. Hopefully someone here can help.

2peg2city

No it was withdrawn from their system, the stolen ETH and BTC are not able to be frozen. Quite a bit of thr USDT and USDC was frozen, some was used to borrow ETH and BTC before that happened

JuxtaposeLife

Demand is demand. Sentiment is important. That said, what ends a bear market isn't so much new demand, it's supply drying up (the 80% of BTC held by whales who decide "no more room to move lower" so they simply stop selling. The scarcity and printing of fiat drives Bitcoins price up organically with or without new demand. Whales stop selling and crowds rotate in... the average retail trader trading about Binance and a hack is relevant in our circles on social media, but less so for the long term trend and market forces that compel Bitcoin higher each cycle.

Forded_Fiction24

ETF's hold their BTC on exchanges. IBIT uses Coinbase as it's custodian while FBTC takes custody of its own in Fidelity. Most others use Coinbase.  So holding ETF's are no safer than the exchanges they use for their custodians. They're not SPIC or FDIC insured 

TitanicChurro

The problem is that BTC is mainstream now. Same thing happened to the internet, thus enshitification.

Abgg_Reviss

CEX hacks have no impact on actual long-term holders tbh. Most of them have their BTC in cold storage, and don't care what is going on with exchanges. We could all learn a thing or two from them, if you ask me.

TitanicChurro

That's why you only buy from the vendor. That has been the rule since I've been in BTC.

JuxtaposeLife

Key takeaway (TLDR): While Binance covers the losses, the on-chain data shows long-term Bitcoin holders barely moved. 99.94% of the 16.3M BTC held 155+ days never moved in the 12 hours after the hack. I'll update with data over the 12 hours that covers US market open (today) later. I'm sure ETFs might react, they tend to be soft money in Bitcoin. On chain data shows that Whales and LTH are acting as accumulators on this event.

I-always-argue

It levelled out at 77k. I'm not worried about BTC price, I'm worried about people not being able to withdraw their funds

__redruM

Don’t mess with Fidelity then just look into what’s available on Schwab and buy your BTC ETF there. VGT is close the QQQ, and works. My point was mostly that once the BTC ETFs are an option, it no longer makes sense to invest in BTC outside of your brokerage account.

Turdfurgsn

Reminder that the FTX collapse marked the bottom of BTC in that run Sell if your scared but I see opportunity

eltuna3636

The more BTC matures the more the ETF’s will become normalized, cold wallet guys will look like money under the mattress guys within 5 years and definitely within 10 years. I think the general groupthink of “not your keys” that’s been said throughout the BTC world over the last 10 years will become outdated dinosaur opinions when looking back with hindsight.

suspicious_Jackfruit

They have more potential wealth in BTC than ETH (about a billy in each) so I'm not really sure you understand enough to be allowed to use margin trading

ClockerXP

Well, River keeps your BTC offline so I have heard

Cryptic99

Crypto is a joke now. BTC will go to zero.

Safe-Painter-9618

FBTC looking pretty good right now. But if this keeps happening, BTC will die.

No-Setting9690

I did up until Cryptsy stole all of mine. I used LTC and BTC for many things long before they had a serious value.

Grizly2000

Been in the game since 2014. Not mad. Not 26. Think it's funny for BTC sub is now full of dollar loving bitches. Not y'all those cats talking bout why own BTC.

Radiant-Concern6391

You must not understand how big binance is. It will fully reimburse users for the $6.3 billion hack using its Secure Asset Fund for Users (SAFU, holding roughly $1 billion in Bitcoin) plus company funds. No private key leaks, and about $3 billion already frozen via partners.  The exchange maintains substantial reserves, with recent Proof of Reserves showing roughly $151–165 billion in crypto holdings and over 100% coverage ratios for major assets like BTC, ETH, and stablecoins. The loss represents only a small fraction of total reserves, enabling full coverage without impacting user balances or binance operations

Radiant-Concern6391

You must not understand how big binance is. It will fully reimburse users for the $6.3 billion hack using its Secure Asset Fund for Users (SAFU, holding roughly $1 billion in Bitcoin) plus company funds. No private key leaks, and about $3 billion already frozen via partners.  The exchange maintains substantial reserves, with recent Proof of Reserves showing roughly $151–165 billion in crypto holdings and over 100% coverage ratios for major assets like BTC, ETH, and stablecoins. The loss represents only a small fraction of total reserves, enabling full coverage without impacting user balances or binance operations

CyanDew

man that FUD dip tastes fuckin incredible. cheers to the hacker for giving us cheaper sats. just in time for Bitcoin’s birthday :) stay humble, stack sats. the thesis hasn’t changed. 0.02 BTC still puts you in the ranks of roughly 0.2% self-custodied humanity. says a lot.

pablo-york

In my opinion, it depends with your strategy. For example, if you have the conviction that BTC will hit 250K or even 1M one day and you setup in your mind that target, then DCA makes sense. Your buying without stressing about it and once it hits your target, you sell. I personally been doing it for a while and it literally just takes the emotion out of it. The crazy early days are over but it's still the easiest way to accumulate if you just want to hold long term without staring at charts all day.

__redruM

Change the BTC to Cash, pay any taxes, then send to your bank account. Open a brokerage account on Fidelity send cash to Fidelity. Buy the ticker FBTC.

marcelorojas56

How much do we expect BTC to drop?

RoyalMushroom6202

Reading these comments, I don’t think there will ever be mass adoption of BTC as long as it is so complicated to “safely” store it.

RubinatorGator

EILI5 How do i take all my crypto and convert it to a BTC ETF? Sell it then buy the ETf?

rabitibike

hyperinflation has existed in national currencies throughout history. It's nothing new. BTC is probably more stable than whatever Venezuela had a few years ago. Don't get me wrong, I agree with you. All i'm doing is pointing out that the flaws are not unique to Crypto, they exist outside as well.

d33know

oh yes pls. borrow against the house, and put it all into BTC.

Holywizy

Update: Binance now estimates the loss at about $6.3 billion, which makes it the biggest crypto hack ever (roughly 4x Bybit). TRM Labs and Chainalysis are linking it to North Korea's TraderTraitor group, the same crew the FBI blamed for Bybit, but Binance hasn't confirmed that yet. About $3B is frozen so far, Binance says it'll cover all losses from SAFU + company funds, and withdrawals are expected back in ~45 hours. BTC dropped about 4% to around $77.5k on the news. I updated the article with all of it, link is in the post above

__redruM

Stack one of the BTC ETF funds in a brokerage account. Fidelity for example.

cubeeless

BTC to $400k!

dida2010

Quote: The attacker raced the freezes by selling USDT to market makers and borrowing ETH against USDT on Aave. It now holds more than 420,000 ETH and 18,270 BTC, **about USD 2.4 billion in assets beyond any issuer's reach.** Thank you , please come again

Paratrooper2000

So, can we please dip a little more? I want ro buy some more cheap BTC...

fastfatdrops

BTC dgaf about humans, Humans gaf about BTC via emotional buy-in and exits - rollercoaster decisions from start to end.

No_Aesthetic

They're a BTC bank. That's what banks do. FDIC will only cover $250,000 per account. How many of these do you think were millionaires?

f2pool-CSR3

Everyone has their own way of acquiring BTC, mining, buying, hacking, stealing...

gordonfr_

Your dreams of becoming rich requires the acquisition of institutional money. Probably won't happen with BTC.

Negative-Disk3048

Biggest hack in crypto history preceded by an almost collapse in interest in the topic. At least BTC is in the news again.

Sweet_Coach4530

6% drop proves BTC is the best asset of all time.

transparent-one

Sold BTC for EUR, SEPA transfer went instant. About thirty minutes ago.

V3dhAa

cause another 1700 BTC is off the market forever.. its become even more scarce now 😂

Ainz0oa1Gown

BTC never got hack or broken... Exchanges did. How many times physical money got copy/hack/broken?

Sea-Push5285

Fortunately, there are plenty of people who are still sidelined or got liquidated by shorting near the cycle bottom. You can see it in market sentiment and the sheer amount of angry comments whenever prices go up across virtually every crypto subreddit and on X. If BTC drops back to the $60Ks, these people will almost certainly jump back in. At that point, it would take a lot more money to shake BTC down to $30K just to flush these new buyers out. Instead, BTC could simply have a shallow correction before taking off again, triggering massive FOMO. Eventually, these same people will end up buying at $100K because they simply can't stand the psychological pain of being left behind. The Binance cartel isn't going to let BTC dump to $40K and then pump to $180K in 2029, making everyone rich along the way.

Cauliflower-Informal

BTC down by two %. Crypto people just shrug & buy the dip

Sea-Push5285

The market could continue chopping sideways for a few more weeks, but expecting BTC to make a new low, or even dump all the way down to $60,000, seems quite unlikely. Have you forgotten how much worse sentiment and FUD were back in June compared to now? MSTR was supposedly collapsing in a death spiral, ETFs were seeing continuous outflows for weeks, longs were getting liquidated almost every single day, and pretty much everyone was convinced BTC would crash below $55K. Yet BTC still managed to consolidate around $60K for two months before suddenly pumping to $80K. More importantly, the market structure has already shifted on the weekly timeframe, looking very similar to what we saw in 2023 and 2019. There's always FUD during a bull run. All four previous cycles had it.

wallyone123

Lucky for me I’ve been out of BTC since 2020 I guess 🤷🏼‍♂️. You know you can gamble on the other 50% of crypto?

Sea-Push5285

Normally, whenever BTC pumps or dumps, it enters a sideways consolidation phase afterward. You can look at the chart yourself: these consolidation periods typically last anywhere from 2 months to over half a year. Then BTC makes another major move, either up or down, usually within 1–4 weeks, with each move ranging from 20–40%. This pattern happens in both bull and bear markets. If BTC really did front-run the bottom in both price and time (putting in its bottom at $57,000 in June rather than October), then I think corrections during this bull market should be limited to around 10–15%. Last cycle, corrections were roughly 20% on average (with the exception of the April 2025 tariff crash, which exceeded 30%). I also expect sideways consolidation periods to be significantly shorter, perhaps only 2–3 months each. Honestly, if you look at the bigger picture, the real max pain scenario is watching BTC pump while you're sitting on the sidelines because you cut your losses at $60,000 after listening to everyone predicting $40,000 in October. It gets even worse if you went heavily short, expecting to catch that final $20,000 drop. You can see how psychologically damaging an experience like this can be. It's enough to give people serious PTSD.

manuel_794629

185 BTC, defeated by the oldest exploit in crypto: "Hi, I'm support. What's your key?"

Sea-Push5285

Normally, whenever BTC pumps or dumps, it enters a sideways consolidation phase afterward. You can look at the chart yourself: these consolidation periods typically last anywhere from 2 months to over half a year. Then BTC makes another major move, either up or down, usually within 1–4 weeks, with each move ranging from 20–40%. This pattern happens in both bull and bear markets. If BTC really did front-run the bottom in both price and time (putting in its bottom at $57,000 in June rather than October), then I think corrections during this bear market should be limited to around 10–15%. Last cycle, corrections were roughly 20% on average (with the exception of the April 2025 tariff crash, which exceeded 30%). I also expect sideways consolidation periods to be significantly shorter, perhaps only 2–3 months each. Honestly, if you look at the bigger picture, the real max pain scenario is watching BTC pump while you're sitting on the sidelines because you cut your losses at $60,000 after listening to everyone predicting $40,000 in October. It gets even worse if you went heavily short, expecting to catch that final $20,000 drop. You can see how psychologically damaging an experience like this can be. It's enough to give people serious PTSD.

Sin-City-Sinner

I would hope that the majority of us here would realize that bitcoin was not hacked. Binance was hacked, which is not a cryptocurrency. It is a cryptocurrency exchange amongst other things.. It wasn’t just BTC taken either so that would mean multiple cryptocurrencies were hacked 😂

jesta030

You forgot the /s because that's exactly what happens with classic banks. And I'm not even defending BTC here.

Beatless7

BTC should took a dive and bounce.

ubermensch1001

3-6 months from now is not that far off, man. We are going to set a new all time high well before the 2028 halving. Think about it this way, November of 2022 we had the FTX crash and saw BTC at around 16k. 15 months later it was setting a new all time high in late February/early March of 2024.

Always_working_hardd

I must say I have been DCAing every day into BTC for a year now, and I am impressed with the amount I've accumulated by nibbling away. Every day.

perma_banned2025

BTC is fine

lobhater

Because BTC wasn't hacked. Silly things built on top of the technology were. The bank heist and USD analogy is good

lobhater

Those are just people who have been waiting to buy BTC at 60k and are sad they missed this boat. This affects you in no way what so ever. Unless you want to buy crypto in which case its on sale. This will be old news in a month and a non issue

wipppzi

Thanks for explaining what I already know. Doesn't matter at the end of the day. I'm not this huge crypto fanatic, I just hate U.S Dollar and the FED. Most of my money is held in silver, stocks, and cash (yes ik very counter intuitive from my argument) but like I said before, I live In the U.S and don't have an option to NOT use it. I don't care if the $2500 worth of BTC I have gets hacked because I don't buy speculative assets without knowing it could simply crash to zero without warning. Spread your assets out and invest WHAT YOU'RE WILLING TO LOSE on a speculative asset and pray it goes up. BTC has done me solid and kept me afloat for a while and I simply don't see it going away any time soon. Night bud

Knurlinger

Rely on the encryption (dices and passphrase), not on other people and the BTC are still here ;)

AidenTai

Okay, a spooked market can sell of some, sure. That's not unreasonable, especially if amounts change. But Binance didn't lose as much in the way of stablecoins as it did 'traditional' crypto, meaning if anything it would need to \*buy\* BTC and ETH to return that to its coffers. This would take time, but yeah, if Binance has assets in hard currency and needs to correct imbalances between customer holdings and its assets, it would need to buy up what the customers were holding which is missing. Ergo buy pressure. And 'non of this is federally insured' tells me you're from the US and think this would affect US customers, but this has nothing to do with the US or US customers at all.

777GUNMETALGREY

USDT is a stable coin pegged to the US dollar that is printed and has been uaed to prop up BTC price.

Wombo_Zombo

Crypto is highly speculative and scares easy. It ruins trust in the asset class FTX crash caused a 20%+ drop in BTC and bottomed that cycles bear market.

777GUNMETALGREY

USDT does the same thing to prop up your BTC price, which is in US dollars.

Sea-Push5285

I think the current situation looks quite similar to March 6, 2023, when Binance FUD was also driving the market. If the market structure has already shifted bullish on the weekly timeframe, price might be forming a local bottom. Could that be why the market isn't reacting as strongly this time? Binance allegedly got hacked for $6 billion, yet BTC only dropped around 3%. That's nothing compared to some AI stocks, which dumped more than 10% in a single overnight session.

wipppzi

I buy both, point is, the U.S Dollar is failing, and Id rather not touch it. Unfortunately I live in the U.S and have no option. You're suggesting I pay capital gains on the BTC I sell, to then pay taxes on the silver I buy, with the dollar that devalues everyday. No thanks.

sreaka

If MTGox wasn't hacked, you would've sold when BTC hit $1200

777GUNMETALGREY

Why didnt you just buy silver with your US dollars instead of BTC?

TomOttawa

And why you, people, always compare BTC with US dollar? If it’s so “superior”? lol

PsychologicalBit803

How though? If BTC got hacked how much is that ETF worth?

BulkMcHugeLarge

Worst (reasonable) case the initial amounts reported grow. Spooks market triggering sell off of crypto holdings (new or conservative investors). Binance starts selling holdings to make up customer losses from the back. This drives down BTC and others. This spooks others and fucks with balance sheets. Not 2008 levels but not great. None of this is federally insured l.

Flux1776

I don’t fully get it either. Been roaming all over looking, but I did see Ai as a suspect . Binance got smoked. I saw lots say get your coin off line. Air gapped to an old phone , then pull SIM card. Some Ppl seem spooked , others buying. BTC sympathy dumped i think abt 4k give or take my take so far , I’m novice crypto

Grizly2000

I'm not walking you through a basic of BTC community use google

Fear_Blind83

BTC wasn't affected, only shitcoins and EVM tokens were taken. The exploit was done via a smart contract.

Fear_Blind83

BTC wasn't affected, just shitcoins and EVM tokens were taken. The exploit was done via a smart contract.

AnyStatistician2535

Something like this affects the entire crypto space, unfortunately. For example, Binance has significant reserves in BTC, which they may need to sell to shore up their business now.

Fear_Blind83

BTC wasn't affected, just shitcoins and EVM tokens were taken. The exploit was done via a smart contract.

bitsteiner

BTC developers already use AI to deep review their code. They have the resources to do that, small alts not so much.

omni_wisdumb

I'm bullish too. Difference between bullish and bullshit. Will BTC 10X? Most likely, eventually. Will a bunch of other already established and safe investments 10X in the same-ish timeframe? Most likely as well.

Grizly2000

WTF upside down world dollars upvoted in a BTC sub. Physical custody down voted.

bitsteiner

Or BTC, which can't be controlled by anyone.

CttCJim

Already BTC is down under 77k