BTC

idrinkforbadges

News hasn't been twisted and exaggerated by mainstream media yet. People may panic after headlines like, "Bitcoin Hacked, 594 BTC Lost So Far..."

Euphoric_Vehicle4201

Hopefully, we can still see $10,000 worth of BTC.

Hour_Literature_1305

they are not in BTC, they have no money invested... they want you broke and then they feel apart of it.

ConcernSquare2474

How do you know it’s the users who are moving the BTC and not hackers stealing en mass. Since the exploit is exposed, everyone and their mother will vibe code his/her angle to try to get some BTC out of this mess.

SellAffectionate9670

Not quite - Mk3 did use onboard RNG, but Coinkite thinks that RNG was weaker/more predictable on certain firmware (4.0.1–5.0.3), not that it skipped randomness entirely. 594 BTC got swept from old Mk3 seeds because of it. Mk4/Q/Mk5 use different hardware and aren't affected.

Lord_Gudda

Targeting 50k before major long. Got a nice entry at 58k and took 75% profits form this summer rally but in the red right now on my BTC long (just a few 100$) Been shorting ALTs since november and that has been really profitable (348%)

tnethacker

Also the previous post of someone losing 0.7 BTC from cold card was just here.

Lily-0516

How long have you been involved in the BTC market?

Good_Extension_9642

And that's why I only buy BTC ETF to avoid this

SpareEconomy1849

Yep, 594 BTC so far

ElderMight

According to block's report, all coldcard models are vulnerable. MK4's RNG at least had a reseed that makes it harder to hack than MK3, so you have some time. I would move your BTC as quickly and carefully as you can.

slash_networkboy

Sorry, didn't mean to imply you're anti BTC, I do however think you're a bit cowboy about the space. Hell AML/KYC and OFAC monitoring as well as tracking politically exposed persons are all examples of regulations. I feel there should be better clarity around these points as well as on and off ramps to fiat. I understand how people utterly hate that idea but if you control the exchange to fiat you can slowly clamp down on bad actors, it won't happen overnight, but just like tightening banking requirements and what was required for access to SWIFT cleaned up a lot of banking problems the same can be done for BTC.

omni_wisdumb

Give me one example of a regulation? I don't think you know anything about how hacking works. I also never said I was against BTC. Like I said, I've been in the space since 2011. I just simply said the industry has changed a LOT since back then and it's basically a completely different use case and ecosystem now. And then sprinkled in some advice that people shouldn't expect parabolic movements anymore.

slash_networkboy

So since we can't have perfection we shouldn't bother with anything? I strongly disagree. I am a huge proponent of BTC. I paid for my truck back when it was $100/coin... (Yes there is some lament about that). Those huge hacks would be made incredibly more difficult and harder to profit from with better regulation.

Gooner_93

"Block’s engineering and security team found another set of transactions that could be a part of the Coldcard drain. We’re still working to vet these completely, but given the situation, we feel it’s important to share early. There are 695 earlier transactions with the same full fingerprint that transactions in the known set had. These transactions moved another 488.10957948 BTC. If this is part of the same attack, it’d bring the total to 1,082.58680432 BTC." Looks like 488btc was drained before the 594btc that was reported. Wow.

HarryhHazza

Respectfully, it sounds like you don't really know what you're doing. I would recommend not doing anything today - your BTC is in no way affected by this exploit. Take the time over the next couple of days to learn about self-custody and improve your own setup (PP, multisig etc.). There will be more exploits in the future, and you want to be safe.

Hiddendisclaimer1

Reading this and just now got an X notification that coinkite users may be at risk. 594 BTC theft. Sorry OP 😔

nuttedpre

The whole point of BTC is that you can't call up a lawyer or judge and reverse transactions. Sorry bro

PirateHunterZoro252

I am in a simar situation. I have mk4 & didn't roll dice. I do have 5 wallets though. So I was able to move my funds to another wallet. I reset my cold card and genrated a new seed phrase via dice roll and added a passphrase. In your case i would move to an exchange. After you have confirmed that there is no more BTC in your cold card i would reset the device and generate a new sesd phrase via dice roll. And also include a pass phrase. But if you feel like seld custody is too much, in my opinion an exchange holding it for you is ok. An exchange like River would be my recommendation.

omni_wisdumb

I don't think you understand the difference between traceability or transactions versus traceability of ownership (aka KYC). BTC also cannot actually offer full traceability of transactions because it can be obfuscated using various techniques (such as converting into untraceable coins, or layering). How do you think these huge hacks that are in the $100s of millions or even $Billions are gotten away with? What regulations will do in this space is just screw over the average person, and at that point they might as well just stick to traditional banking and stocks.

nuttedpre

17 years of Bitcoin, billions of investment and hype, and it has proved exactly three use cases: 1. Buy BTC, wait a bit, and sell to a sucker for more dollars than you bought it for. 2. Vehicle to scam people and then eventually exchange for actual money. 3. Money Laundering. You went for Use Case 1 but ended up in on the wrong side of Use Case 2. Sorry. Not the first nor the last.

slash_networkboy

You still need regulations, particularly around AML. There's really no new tech needed either. BTC supports full traceability of money movement.

NiceM2

Address leak is dangerous. Arent people known to have BTC in France (based on their tax returns) getting burglarized and kidnapped for their keys?

daphonzy

I generated my seed on an earlier firmware version, and *added* dice rolls. No passphrase. Not affected yet. But I’ll likely move my BTC back to exchange in the near-term…

0100000101101000

Restore the seed phrase on any hardware wallet and move the BTC

brkinard

Don't remember everyone claiming top was in back in October. Most people were apathetic to to ATH price. I agree with you on BTC, a massive rotation out of BTC is coming.

Huntingtonbeach88

Anither reason etfs are viable for many. People are afraid to invest when their $ can be gone so easily. Fidelity doesn’t get hacked, no seeds to remember. BTC can’t be just for apocalyptic scenarios!

axb90

Deny whatever you want, there is an exploit for seedphrases generated with mk2/mk3, simple as and people lost their crypto. Coldcard, you owe people a total of 594 BTC, simple.

AdEuphoric5133

[https://blog.coinkite.com/coldcard-mk3-seed-generation-warning/](https://blog.coinkite.com/coldcard-mk3-seed-generation-warning/) Coldcard acknowledging the issue be like : "Out of an abundance of caution" When your client just lost 594 BTC because of a mistake you made, acknowledging the issue is not "abundance of caution", it is the least you can do. This company is a joke. Guys who use a Coldcard, make yourself a favor and buy a new hardware wallet

Temporary-Pen8316

with the AI costs skyrocketing, mining being ever more expensive for BTC, and quantum computing biting at the heels of integrity, I wonder how we could see a bull run in anything and SOONER than 2029. I say more consolidation and collapse of a once good thing..If all the miners just stopped mining bitcoin does that trigger some kind of unlocking code that just gives it away? Would bitcoin just start to become worthless either way if no one can outpace quantum computing hacks?

carrotpilgrim

BTC has no intrinsic value. It requires an active market of buyers/sellers and users of BTC transacting and hence needing security of transactions to define its value. If a few rich people bought all available coins, they'd eventually have no value as everyone would move on to something else as their digital gold of choice.

riseandride69

Yep, the purpose of BTC is to be drained from a wallet thru no fault of the owner?

omni_wisdumb

I wrote a long as reply but I accidentally closed my app, and I'm not going to write it all out again. Basically. I've been in this space since 2011. It's mostly just bs market manipulation now, projects and visions don't mean anything and everyone knows it. Satoshi left bc it had already gone away from his vision way back then. People should invest 5-10% of their portfolio into crypto (not meme coins, have a separate gambling portfolio if these your thing), and expect it to grow more linearly like equities now. People wack off to the idea if more regulation, banking KYC, gov/elite control & hoarding, and seem to love that a single person can shift it by 10% with one post. The market is still tiny, BTC is almost worth as much as Elon. So sure, we can still be "early" but it can also just fizzle out. Maybe it stays #1 or maybe some new tech takes it place. Either way, just because it did ~140,220,000X from the original $0.0009 doesn't mean it will even do another 50x in our lifetime. But who knows. Some AI related stocks have done 30-50x in the last year. Market manipulation has clearly become openly accepted in stocks now, so maybe big money will just stick to that now. Quantum may break it (your bank can update their system, and use 2FA), and it's still open to powerful entities doing 50%+ attacks. Whether people want to admit it or not, crypto (not saying just BTC) is used to transfer illicit funds. For the average person, I think it's foolish to store life changing money into it. There are better investments. But if your thing is to still ape into it chasing a 10-100x Lamborghini life, then go for it.

Sideways_X1

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

Redditmau5

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

Abject-Stretch-1187

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

AdEuphoric5133

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

Abject-Stretch-1187

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

zRoyalStar

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

Gooner_93

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

ParfaitQuick8426

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

Abject-Stretch-1187

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

malacosa

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

Individual-Stuff-842

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

bitusher

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

Abject-Stretch-1187

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

fan_of_hakiksexydays

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

Abject-Stretch-1187

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

brkinard

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

paperlevel

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

HalcyoNighT

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

jazz_king_seb

BTC is dead

themrgq

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

Vegetable-Rabbit7503

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

Real_Dimension6322

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

HungryInstruction451

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

23gradfnord

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

Mountain_Quote1566

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

ConsequenceFew6931

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

Flix1

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

omjagvarensked

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

Myozthirirn

BTC has already lost.

reddit4485

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

reddit4485

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

IArtificialRobotI

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

AutoModerator

Post is by: Sebvansky and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1vb5wwx/is_auction_market_theory_relevant_when_trading/ Is AMT relevant when trading (scalping, intraday) BTC perp ? Do you use it ? (especially when price is ranging). *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

MCL-Jonathan

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

Known-Application106

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

satoshi1022

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

quintavious_danilo

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

dj_destroyer

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

unbeatable-rate

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

quintavious_danilo

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

pricklypierre13

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

feltusen

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

JimmySki6166

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

DesertDissident

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

Designer-Beginning16

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

abhicoinexpansion

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

abhicoinexpansion

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

abhicoinexpansion

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

nickelaus

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

Survivaleast

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

MarioWilson122

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

DiamondHandsDarrell

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

Good_Extension_9642

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

Good_Extension_9642

And this is why I only buy BTC ETF now!

Important-Level6672

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

MidEastBeast

Just FYI, 916 BTC left to solve. Insane number

Gareth_loves_dogs

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

Important-Level6672

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

RetiredAvocado

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

Immediate_Banana_216

BTC, Eth, Solana. Everything is a waste

caco101

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

Kylynator124

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

rotating_pebble

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

Dependent_Code7796

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

Old-Committee944

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

yefuck

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

Abject-Stretch-1187

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