BTC

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Post is by: WorstBGsystem and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1x5w7gv/cryptocom_scamm/ Anyone else experienced this: Price of BTC in there app on the chart 78k €, I sold and I was given price 73k€. 20 days later bitcoin fell down 5%, price on chart 74k€ I buy back for same money I sold earlier and I get much lower btc position… you sell high and they give you low sell rate. Scammers. Stay away !!!! *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.*

Vipu2

Security is about 50-50 depending how skills you are handling BTC and all its technicalities. But freedom to transact is 100% on self storages side. You could live in Russia or whatever other country and suddenly you dont have access to your ETF anymore for reason X or Y. When you want to do something with your "stack" of ETF BTC you will be asked many questions and take long time to do it. Want to buy something without your ID:s attached to it like VPN? Cant do that with ETF BTC

rodzm14

Best of luck and much prosperity with your 1 oz copper BTC. Not sure what youre trying to convey here but this is worth the price of 1 pz copper

izkornator

I feel for you. Proper self custody almost requires you to have a certain amount of IT knowledge yourself or by proxy with a very trusted party (son, relative, ...) A badly set up self custody solution is perhaps worse from a custody point of view than owning ETF shares in your stock account. This much I am prepared to admit. The Bitcoin ETFs are mildly poisonous to the overall ethos of Bitcoin though. Not personal security of custody but the overall network. I would not be so sure that Blackrock or Fidelity have any consideration for the best interests of the Bitcoin network in their operational strategies. I have often wondered if Blackrock (for e.g.) is really selling BTC into the market when there is a drawdown on the ETF shares. They are in a perfect place to snag BTC on the discount side of the market each time, and sell it back to ETF share buyers when demand returns. Not exactly moral behaviour IMHO but if I were them and discounted all my morals, I would do the same, or even hold onto them to co-opt the whole network gradually.

iz_raymond

Very good question. You will find out real quick why BTC will never replace Fiat bcos the community itself will treat it as form of payment

FeeParking4506

This only comes into play if you are transacting with BTC. And most folks are not transacting.

Patternhunter_dev

Bitcoiners always have that store of value in mind. On the other side, regular crypto outsiders don't even understand what Bitcoin is, friends and family around me don't have any crypto and just don't want to get into it. BTW, Jack Dorsey has Bitchat app, which uses offline mesh/Bluetooth tools to make decentralized data transfer work without the internet. The tech side is kind of solving the obstacle of sending BTC to each other off-grid. But I guess for people to actually be willing to use BTC as peer-to-peer money, its price has to become stable first, much like stablecoins without all that volatility

Xennenial

The ATH occurring before the halving was mainly due to the huge uptick in BTC ETFs and Tradfi money pouring in. In order for another ATH before the next halving, it would stand to reason that another BTC Tradfi product or trend would have to unfold.

InjectiveRocky

If you only want price exposure, an ETF makes sense. Actual BTC gives you control over your coins and lets you use them on the network, but that also means taking responsibility for security and backups.

Aggressive-Hall1913

Binance is shutting down all its mining pool and cloud hashpower services—a massive vote of no confidence in the sector. Combine that with a nearly year-long hash rate drawdown (something we’ve NEVER seen in BTC history), and it’s clear mining is facing its darkest hour. Over 95% of BTC is already mined. With the halving ~180 days away, miner revenue is about to take another brutal hit. We're fast-forwarding straight into Satoshi’s ultimate stress test: shifting miner revenue from block rewards to tx fees. The catch? Tx fees currently account for just ~1% of miner income. The shift is coming way faster than expected. But one truth remains: without miners securing transactions, Bitcoin cannot survive. ⛏️⚡️

Capable_Swordfish_30

Then network is working, it is possible to transact, but not to peg-out. This is taking way too long, but obviously they can't allow peg-outs until the 1:1 peg is restored, and there are still 600 BTC missing in the collateral side.

agnosticgnome

Hey guys. I'm just a regular dude with a lot of knowledge in computers. I do run on Linux and all kind of stuff. I'm manage networks, built dozens of computers, can debug mostly everything. Thing is, I never trusted whatever method to hold on your coins. Granted, I did not research extensively or never messed with wallets. So many horror stories, hack and what not. If I was forced to do so, I would go offline of course because but even then it's choose your poising. Major sites will always have better security than me but too much control over my shit. Offline, well... there's solid risks too. Yeah it's cool and all if you have 20K worth of BTC but large fortunes? Fuck all of this. So there's ETF and that's about it. So that's a major problem impossible to fix and then you go full circle and create BTC banks with regulations. I'm just telling what I think because people like me, we represent the mass. So that's why BTC is never going mainstream.

VettaQ

One measurement caveat on the dashboard trio: BTC.D falls for two very different reasons and only one of them is rotation. Stablecoin issuance grows the denominator, so dominance can bleed for weeks while alt USD prices go nowhere - pairing BTC.D with TOTAL3 in dollar terms rather than the ratio alone separates "capital leaving BTC" from "denominator inflation". TOTAL3 has the mirror-image flaw: new token listings keep getting added to the index, so part of its climb is supply growth rather than price appreciation. On point 2, the thin order book cuts both ways - the same thinness that prints a 100-200% expansion on the way in is the slippage you pay on the way out, and exit depth is usually worse because the momentum bots that chased the bid are already gone. The honest way to read a low-cap pump is entry depth minus exit depth, and most cycle retrospectives only measure the first one.

Awkward-Green-1653

What if quantum computing breaks all other codes? They are less safe then BTC

Honu_Daze

From my lamen understanding, you have to have 2 accounts w/ Fidelity. 1 as cash management (your interception account) & then you can open a Crypto account - as the latter requires the former for transactions. They do not permit only having a crypto account, as of this writing. BUT because I’ve come at it differently than you find yourself positioned - your BEST bets are: 1) to either head over to their sub, which they directly monitor & participate in to ask your question there 2) or better yet directly contact them & inquire - so they can provide the best & safest answer to you I began experimenting with my confidence in migrating to BTC back in 2021, shortly after Fidelity announced it would be in the crypto space. Having already been an account holder w/ Fidelity, I had gained some trust in their platform & overall the company’s ability to manage money. I then opened a crypto account through Fidelity and began to slowly stack sats. Entering into it w/ the knowledge that anything I invested I MUST be willing to never see again. After all it was a bet. All the while I furthered my education on what BTC is, how it works, and gained wisdom about this shiny “new to me” thing I was slowly rolling money into. Once enough knowledge had been gained I started minting coins (that I really wanted to not only see again, but wanted to make gains on). Its performance could not be denied, but the volatility certainly took psychological adjusting. I kept pestering Fidelity (with phone calls & on their sub) about *when* they would allow for coin transferring. As they kept hinting it was in their crypto “road map”. Inspired by my learning, I conceded to the belief of “not your keys, not your coin”. Yet the rabbit hole of learning about cold storage, pass phrases, keys doubled down w/ current & future threats w/ AGI, cold storage hacks, and the tightened security measures the latter demands, found me still keeping my BTC parked w/ Fidelity. In the last 18mo’ish Fidelity FINALLY rolled out the ability to migrate coins. As previously you’d have to liquidate your coins to fiat to move those funds. Hope this helps you. Fidelity uses cold storage for coin, and my guess is they have people who are more akamai than I w/ overlapping security protocols to keep users coins vaulted. It very well is a gamble, but my menopause brain occasionally stops me from putting my car keys in the fridge. So I have humbly recognized that I can not be fully trusted to manage actual cold storage keys/phrases and the like😂 Lastly as of this writing Fidelity does NOT allow you to assign beneficiaries to your crypto account. I have worked around this with my executor (my daughter) - who I’ve given authorized access to my fidelity accounts. On top of assigning TOD/POD in my other Fidelity accounts. So when my body dips out, she can move those coins probate-free & do as I’ve assigned her to do with them. I hope she keeps them in coin & doesn’t liquidate to fiat - but at that point it is hers & my other heirs to do what they wish with. That is if I don’t cash out & spend every last cent before i cross over to the next.😉

iLLuSion_xGen

My (big European) bank offers BTC but it isn't secured while money is secured up to €100k, you also can't transfer the BTC unless you sell it and they buy it again on an exchange so read the small letters when you buy BTC through your bank.

33halvings

Bro had almost 1 BTC and put it in a hot wallet. \*\*facepalm\*

GloryIV

I went looking. The real answer is complicated. There isn't insurance in the sense of any kind of deposit insurance. But there is the Fidelity Customer Protection Guarantee: [https://www.fidelity.com/security/customer-protection-guarantee](https://www.fidelity.com/security/customer-protection-guarantee) Under this policy Fidelity will reimburse you for losses that occur through no fault of your own. They do count it as a fault on you if you have not taken what they deem to be appropriate steps to keep the account secure and to quickly detect any losses. We're talking things like strong passwords, not sharing account access information, quickly reporting any evidence of fraud... It is unclear to me whether Fidelity is required under this policy to reimburse if they suffered a major hack involving BTC for many customers. I don't think they are required to - but I suspect they would just to preserve their reputation.

olduvai_man

Everything that's not just about BTC gets downvoted. Most of the recommended projects/bull-posts that I've seen here are for the same 2018/2021 altcoins that people are hoping will finally take off after all this time. There is vanishingly little content about newer projects and all of that has moved to X anyway. This place is mostly a ghost town and anything even resembling a coherent discussion gets downvoted and the participants just go elsewhere to chat about it.

jawni

so do people here actually follow what is happening on chain or look for new projects? Or is this sub now entirely comprised of "everything except BTC is a scam" type people?

Feralz2

This is not a problem for mass adoption, just no one bothers to make it easier than it is because people in this space are at least a little technical like most BTC holders, those who arent, they just buy the ETF. Things will get better, this is not a technology limitation, this is more of a UI problem that no one bothers to solve because the masses are not here yet, so its a catch 22, in any case, it will just get better. Dont forget 15 years ago you needed to be highly technical or need a CS degree just to send btc, how far have we come.

mediumprophecy

BTC holding up better than most alts is interesting, but I'd be cautious about assuming that automatically means another leg down for everything else. Funding, open interest and actual liquidation levels should provide more context. I follow the directional sentiment side on Moon too, and crypto is one of those markets where the crowd can change its mind extremely quickly.

FrequentBryant

The supply chain angle is what concerns me most, especially reports of tampered devices arriving before users even initialize them. I'd verify those incidents individually rather than assume every manufacturer has the same vulnerability. Moon gives exposure to Bitcoin price movements without owning BTC, but for actual cold storage I'd stick to verified firmware and trusted distribution channels.

absorbingunderdog_3

I get the appeal of earning something while waiting for the next Bitcoin rally, but the extra yield introduces custody and counterparty risks that people underestimate. Celsius and BlockFi are pretty good reminders. I use Moon for separate Bitcoin price speculation but that's different from lending out actual BTC. I'd be careful risking the underlying coins for a few percent.

ZedZeroth

> the biggest advantage of BTC, the self-custody option, is lost It's only lost for people incapable or unwilling to take advantage of that option. This is inevitable. You can't create a technology-driven automated self-governing financial network which is somehow accessible at its most fundamental layers to everyone on the planet. That's not how any technology works. The bigger point is that this option is not lost to technically-minded people, to financial institutions, nor to governments. So we have a novel financial system that entire nations (albeit not at the individual level) can use without reliance on other nations. In short, everyone *can* take advantage of self-custody, but the "part-time players" (regular folk who just want to earn and save money) will use third parties just like we all do for everything else (mechanics, doctors etc). As with all tech breakthroughs, bitcoin "matters where it matters most". It's most powerful innovations *are* available to the people most in need of it. It continues to evolve into exactly the system Satoshi intended and it will continue (albeit gradually) to change the world.

Jenna_Money

I’m looking to do something similar, but at the beach. My preference is someone who will take BTC as part of the transaction and not cashing it out first. My realtor found two that were interested, but both wanted it at a discount to account for any volatility between then and closing. Still looking at this point.

brando2131

>Lol well that makes no since then because more and more are using ETFs so that means BTC is becoming more pointless every day and the price should go to $0 eventually then since its becoming pointless (according to you). Yes... that's true... its becoming more and more pointless as time goes on. >ETFs are literally whats creating demand accumulation, all the other narratives are pretty much meh now. You are also right that demand influences prices. However that demand more or less comes from the fundamentals/utility of the thing you're investing in to begin with... It's what separates Bitcoin from baby beanies for example. You WANT Bitcoin to have utility, to be a "decentralized cryptocurrency". As soon as you have a "centralized decentralized cryptocurrency" those two words cancel each other out and you're just left with a currency thats less useful as what it started out as. >Since the ledger shit a week ago all my buddies have f\*cked cold wallets off and gone ETFs, the inflows seems to support that. Which is unfortunate, as that goes in the direction of what I said. The dream 15 years ago was a decentralized currency that was cheap, fast, easy to use, and adopted for e-commerce, all those properties aren't true anymore for Bitcoin itself. The first straw to go was it being cheap (in fees) to use, then followed e-commerce sites dropping it. The last straw being decentralization with the big adoption of ETFs as you mentioned. Bitcoin has very little going for it now.

Interesting-Gear-992

You are partly right. But the basic concept of Bitcoin is to make yourself independent from financial institutions. Otherwise, many people have lost their wealth on exchanges. You can buy ETFs in traditional banks, just like you can buy S&P500, but this is where the biggest advantage of BTC, the self-custody option, is lost.

Educational_Suit_811

Partially agree but you could make a similar argument about investing and finances. It used to be only for the finance nerds and fanatics. But over time they have made it so easy, you can login to your banks mobile app and click "buy sp500 for 10K USD" and done. Similar case with bitcoin, there are already some banks offering you to buy BTC through them. So the nerds can play with their linux machines or custom firmware hardware wallets and the regular Joes will be able to just keep trusting their bank like they always have.

thrwaway1614211

How much it increased in the past is meaningless, these times are over. As I said, my bull case is max 2x-3x in the next 5 years. All the AI plays have a way higher upside potential, because they produce something actually useful. Also the problem is BTC doesn't have any inherent properties or any inherent values. The only reason for BTC to go up is someone willing to pay more for it, there are no fundamental that bitcoin can increase like a company, which would make it more valuable. You seem to not understand what a store of value is, you want it to be stable, without any wild ups and downs, because the goal is to preserve value and wealth with close to no risk, not to necessarily increase it. So BTC is absolutely not the case for this. >When something is volatile you can actually make more money off of it than if it wasn't when selling high and buying back in low. Yes, as I said: This is speculation, not store of value. In the past btc was great for speculation due to its volatility, but these days the upward potential is just not there anymore. And this is a huge problem, because bitcoin only lives due to hype and now all the hype has shifted to AI and memory plays.

Interesting-Gear-992

This is technically correct. But the Average Joe will never initiate a transaction on Linux, on the not very user-friendly BTC Core, move the transaction data on an SD card to another offline (more than one in case of multisig) Linux-based signing laptop, then move the signed transaction data back and broadcast it. So there will never be mass adoption. If this is the only truly safe solution out in the wild, then this will remain a playground for nerds.

thrwaway1614211

What? BTC is extremely volatile and therefore a horrible store of value, only useful for short term speculation. But the thing is 5+ years ago it was worth the gamble for the huge upside potential, but nowadays this is not true anymore. In the absolute bull case we can expect a 2x in the next 5 years. This is nothing compared to the possible gains from AI plays.

BigDik6355

and QuadrigaCX, Cryptopia, BTC-e… There have been a lot of exceptions.

jekpopulous2

Any wallet with an outgoing BTC transaction has a public key that's been exposed to the network... think of it kinda like a return address when you send mail.

tenor_tymir

My BTC dies with me, for the greater good.

Responsible-Being-36

Long term gold is going to near zero (not actual zero because its used in production/fashion) Robotics/ai will enable more gold mining on earth but not large enough to crash it, but maybe reduce yoy growth a little. The big one is asteroid mining. It will happen one day likely in the next 100 years if current robotic/ai trends hold. And asteroid mining will send gold crashing down because its not rare anymore. BTC is a potential gold replacement if it succeeds the test of time because it is finite there is no more supply. I dont personally own BTC but I understand its a better asset than gold for wealth long term especially as an inheritance asset/generatioal wealth. If i was rich id only have personal wealth in gold any wealth to be handed down id have in BTC over gold.

Dramatic-Battle-9737

If BTC averages double the current price over the next 5 years, then around 5 years. If it is flat for next 2.5 years, then 2.5 years. So likely somewhere between that.

gorgonfr

We even don’t care about Fiat value. So there is no joy in BTC going up. I am just looking at my BTC stack growing. LoL.

Outrageous_Olive_489

Please show me a peer to peer accessible way to do BTC transactions that we could trust and use safely.

Expo24816

What has better than a 100% + CAGR ? What is safer than something that has almost perfect properties? As long as you buy an ETF or know what you're doing it's safe in terms of not losing it, and if you're talking about safe in terms of price action then BTC has been an extremely safe long term hold.

PizzaBoyztv

Unless USD gets printed more before BTC can go ATH again. It's just not enough market capital.

SippingInMountains

LOL. Having kids should motivate you MORE to store your hard-earned dollars in BTC.

Expo24816

Well there's a difference from just bad to quite bad now isn't there? Pretty sure the person knows the purpose of BTC too.

a18618

Same here — I stopped trying to time it and started defining it instead. My rule of thumb from backtesting: state the measurable claim up front, like BTC failing to make a new high within 18 months of the halving. Otherwise "the bull market didn't happen" is something you can only declare in hindsight, and every thread just talks past itself. Regime-following works way better when you write down what the regime actually means first.

Ok_Knowledge_4977

Don’t quite understand the logic here. Why USD has no bottom and BTC has no top? If the USD keeps loosing its purchasing power, why the USD still a dominant currency?

Omnishambles22

If you don't have conviction - sell. Everyone is looking for the Oracle answer to make them gains, but can't hold crypto for a week without whining. You said it at BTC $1000, $10000, $50000, etc. SYBAU

GloryIV

Not one penny of it. But I'm pretty sure my homeowner's policy wasn't going to cover my BTC stash if it was destroyed either... And the chance of something happening to my cold storage solution is, I think, a lot higher than something happening to Fidelity's storage solution.

GloryIV

I didn't - I moved it all. It wasn't an easy decision for me. I've been self-custody since 2018 for at least a portion of my BTC and I do very much understand all the arguments for self-custody. I think if I were younger I might have kept custody, but for me the risk of a security failure on my part and the risk of having it all just go poof if something happened to me and my family couldn't figure it out outweighs the risk of Fidelity screwing it up or the government doing something weird. The reality is that I have trusted Fidelity for decades with the bulk of my investments and adding BTC to that mix makes sense for my situation.

Gears6

Me too. I was thinking of throwing in $50 into it and buy a ton of BTC. However, I got too lazy to figure out how, and then forgot. By the time I was about to buy some, they went up to a whole $5k from $3k and I thought it was too expensive.. Then it zoomed to $20k and back down to $12k. Too high still. I recently bought some at $60k. 🤦🏽‍♂️ At least my mining operation from way back then holdings is going strong.

Gears6

> The duality of BTC 😅 There's more. When we loose money, we're upset about the nature of the BTC being irreversible, but we bought it, partly because it is irreversible.

RareVibeDelight

Not really. Bitcoin has a 21 million supply limit and people say there are approximately 4 million lost coins. The halvings just reduce how much new BTC gets created. The existing supply doesn’t disappear. So it doesn’t go to zero (that’s the misunderstanding here). Eventually around 2140, no more new Bitcoin will be mined. That’s the whole point of its scarcity. 🧡🚀

didnt_hodl

According to on-chain intelligence from Arkham Intelligence, Strategy Inc. (formerly MicroStrategy/MSTR) keeps its Bitcoin holdings across two primary custody setups: * **Coinbase Prime:** Over 327,000 BTC is held in segregated custody (or roughly 79,000 to over 327,000 BTC depending on tracked identification phases in segregated entity wallets). * **Fidelity Deposits:** Roughly 107,000 BTC is held in non-segregated/pooled omnibus custody with Fidelity along with other clients' funds. * **Additional Identified Addresses:** Arkham has periodically identified additional wallet clusters (such as an extra \~70,816 BTC batch), bringing the majority of their massive multi-hundred-thousand BTC stack (over 840,000 total BTC) onto tracked on-chain labels

Bluejumprabbit

This is normal while BTC dominance grinds up, liquidity parks in Bitcoin and alts leak until dominance rolls over. Watch the BTC.D chart, alts usually don't catch a real bid until that starts dropping.

RetiredAvocado

They can't borrow 603 BTC to fund the full liquid backing, a project no one asked for, so.. maybe.

BsdFish8

I have a coinbase and gemini card that I use, but they are just credit denominated in USD. I get BTC rewards and I pay off the balance every month, so it's a way to DCA on regular expenses.

matthegc

Bro…..you may want to look in the mirror, BTC has nothing to do with your current mental state.

bitusher

There are many ways people lose money with paper wallets besides that single example. I linked you to multiple other problems that involve loss from bitrot to importing the key instead of sweeping , to change address problems. I know of millions of dollars in BTC lost this way and have spoken to many people (at least over 20 over the years but perhaps higher because I help so many new users)

Docthndr

Caveat, I do have my own stake in $PEP. I also scrypt mine in Dutch. Without really looking what all the tokenomics and basically crypto in general. It’s all huge risk. Like Roth but all in I fund, overall for the crypto market. You get crazy swings in BTC in a day but at least money is secure without a rug pull or wanting to invest into some random project. But as small game goes, there is no great benefit for an upshot unless your whale moving hedge funds or institution. So what’s there for you and I? Because I don’t want to lose money in risk without some chance of high reward payout. It will need some POW security and long enough chain to not spoof. How many options, that you can easily get on and accumulate wealth that’s can be life changing. This group $PEP seems to be only one and I’ve been riding it for a few years - they keep showing up at the big summits (BTC,litecoin) continue to promote like Brazil. Mica compliant on T1 exchange, kraken. If you can show me another coin that’s this legit, I’ll jump ship. But I can tell you- I’m not leaving.

Good_Extension_9642

And this is one of the reasons I ONLY buy BTC ETFs now

Timespeak

The truth is nobody has a clue. Diminishing supply and increased adoption could lead to a huge rally. Or not. Choose your CAGR assuming BTC starts at $83,000: - 10% CAGR: $147,000 - 20% CAGR: $248,000 - 30% CAGR: $401,000 - 40% CAGR: $625,000 Six years of compounding. No speculative price multiples required. My base target is the 30% CAGR.

Gears6

> Ledgers were only battle tested by Ledger, who (by the way) lied to their customers: Actually, it was "battle tested" in the market, until it wasn't was really my point. Let's go back to your safe. Let's say you get notification somebody lifted it, and they immediately transferred the funds, how will it helped you that you were notified? Do you always have the phone with you? Are you always where there's mobile coverage? What if you need to travel? > Then be careful how much you invest in crypto. And, really, that sounds like you probably should be buying the ETFs instead. You get the gains without some of the risks (and there are other benefits to owning ETFs, though I'm not the one to ask about that. I'm strictly a hodler). So you believe you fully understand BTC and all the technical nuances, cryptography, and is so skilled you can review code and be 100% sure that you can spot all security issues? Oh, and that you reviewed it all? > I'm a problem solver. I think by definition all of us are, but we solve different problems i.e. our focus on what the problem is that needs to be solved is different. Anyhow, I'm more interested in how you setup your safe. Care to share more or is it too sensitive? 😁

We_DemBoys

Your relationship with BTC doesn't sound healthy. Investing shouldn't be like that. Look into the boggle head method. There's a subreddit.

mvrozanti

Why talk about it as if it's a big deal or offensive? The guy just can't stomach the volatility, that's a perfectly okay reason not to be in BTC. I'll buy cheaper because of him, bless his soul lol

ladyofnasrin

How were you able to move your BTC to fidelity? Is it easy? I’d like to move mine.

godsfist101

I get 3% BTC rewards on my purchases with my coinbase card.

iiGoodVibesii

848k Bitcoin owned by MSTR Strive's new BTC total is 33k and MSTR has the lower mnav, too.

Coleyx123

Regression is key. That's why I store my keys on a typewriter. Dapps don't load for shit, but I'm basically just printing BTC like the US prints money.

iz_raymond

BTC is an assets, not fit for currency. You will be the same people that crash out when that happen and BTC price stay stable, no more x5 x10 upside (as currency should). The same people that cry about BTC should replace Fiat are the same people who WILL NEVER use BTC as form of payment/purchase in the first place. Lol

RareVibeDelight

Whoa 😳 Bitcoin absolutely has fundamentals. Fixed supply capped at 21 million BTC Predictable issuance and halvings Decentralized, permissionless network Proof-of-Work security Global, censorship-resistant transactions Anyone can run a node and independently verify the rules No central authority can arbitrarily print more Bitcoin Price speculation and fundamentals are two different things. You can debate Bitcoin’s valuation, but claiming it has *no fundamentals* ignores the technology, monetary policy, security, and infrastructure supporting the network. That’s precisely why I run my own Bitcoin node. Don’t trust. Verify. 🧡₿🚀

jaybro57712

We pay you in Bitcoin on Glimpse (https://www.glimpse.trading/). You can forecast the future of Bitcoin price and get paid in BTC if you predict correctly.

fresheneesz

> you can have big BTC exposure without owning a single coin Ok, sure, you can have "exposure". But that's just betting on the price of bitcoin, and unless someone in the deal actually buys or sells bitcoin because of it, it has absolutely 0 effect on the price of bitcoin.

genius_retard

I just worry about over complicating things and losing access to my BTC.

genius_retard

Yeah, pretty sure I agree with you. I just worry about over complicating things and losing access to my BTC.

KernalHispanic

Search all your emails if you haven’t yet. ChatGPT can give you key words to search for. I found an old email from Slush pool (now Braiins Pool) . I logged in and saw I had like a fraction of a cent worth of BTC from 2016 haha. If you find them because of this feel free to throw a fraction my way 😭

GloryIV

Moved all of mine out of cold storage and into a Fidelity crypto account. Serious peace of mind. Fidelity can manage the security. If something happens to me, my BTC passes seamlessly to my designated beneficiary, who does not have to know anything about BTC. If I wanted to I could send the BTC right back out to my wallet very easily.

thebaldmaniac

Krak and Nexo for me. Mainly Kräk though their cashback in EUR or BTC works for me. Nexo has crypto credit and good cashback as well but the way they do conversions is not a good deal for EUR natives.

thebaldmaniac

No one is paying in crypto through crypto cards though. It's just the card provider converting the crypto to fiat, keeping the spread and paying the merchant. Until merchants actually start taking BTC or ETH or XRP or whatever, no one is actually paying with crypto. It's just a off ramp to fiat with fewer steps.

malacosa

I’m holding it because I know the only way out for the US debt is to inflate it away which mean the value of the US dollar (and likely every other fiat currency) goes down. BTC will hold its value. So I’m holding as a hedge against inflation. If you don’t like BTC, then hold gold, but it has to be physical gold.

gkibbe

I did for several years when I had to cash out to cover expenses for me and my wife moving in together. I gave her the card and kept it topped off with BTC sales

VollcommNCS

Most users aren't trying to spend crypto. Wait until protocols like Anvil take off. Get instant usdc credit lines based on the assets you hold. Lock those assets as collateral and never send assets like BTC again. Borrow against your own assets and change the whole game. Admittedly, you need to have assets to use this. So it's not going to appeal to those that need credit and have no assets. Eventually the protocol will allow all tokenized assets to work for you. The Founders Fund backed by Peter Thiel just put 5 million into Anvil Protocol last week.

xaviemb

They will learn the hard way. People who understand Bitcoin, and safely store it in Cold Storage are not impacted by Bitcoin being stolen or sold. Only those who plan to exit Bitcoin for USD care about that. When you've made it to the next level of understanding you realize BTC = BTC... and its value in USD only matters one direction (moving into it, not out).

Feriman22

I just stopped trying to guess when the bull market "should" happen. If the regime turns bullish, great. If it doesn't, that's information too. My public BTC/ETH/BNB tracker is built around that idea instead of trying to predict a date.

magus-21

Yeah, I was trying to allude to the fact that his solar was only *subsidizing* his BTC mining, which means that he was still paying for electricity. If he wanted free heating, it would've been a lot cheaper to buy a smaller solar setup and a heat pump and get the free heating that way, and he probably would've saved money.

magus-21

>The point being that if the BTC pays for your electricity, then the heating is free. Even if a heat pump is more efficient, it isn't free. At a domestic scale, BTC doesn't pay for electricity and it hasn't for years, at least not in the US.

cstobler

The point being that if the BTC pays for your electricity, then the heating is free. Even if a heat pump is more efficient, it isn't free.

Full-Astronaut7576

I would say you are getting old, and at the same time you are discovering Bitcoin. Same time but no causality.  Concerning BTC, good job. Youve reallzed lots of things. Spending is kind of useless, power, status... I really think BTC has some 'spiritual' component. I agree with some comments: just go to the gym, eat healthy, read books, be kind to others, master hobbies, save money, travel a bit... 

normandocommando

BTC is inevitable and it's just the beginning. It will become the world's money for the next few hundred years if not 1,000 yrs

EmbarrassedDingo9467

Good point, I didn't separate beta from positioning and some of this is just high-beta alts doing what they do in a flat BTC tape. The funding flip on the first bounce is a nice tell, I'll watch for that. If funding goes positive while long % stays at 75%+, that's the same crowd re-entering.

jasonslpt

BTC's sitting right on top of a big long cluster around 83.2K, with shorts stacked just above near 83.5K, so it's a tight squeeze either way. My lean is down, the 83.2K pool goes first and then the 80.1K area is the magnet. That's wrong if price reclaims and holds above 84.15K. Leverage longs parked right under price are basically a free lunch for the market. Not advice.

jasonslpt

Rotation into ADA looks nice on the chart, but it's swimming against a tape where most of the last day's alt liquidations were longs. If BTC slips through the 83.2K area, alts usually take the harder hit, so I'd want ADA to hold its breakout on that dip before trusting it. Wrong if BTC reclaims 84.15K and holds there. Somewhere a 50x ADA long is being financed by next month's rent. Not advice.

Feriman22

Separate beta from positioning first. If BTC is flat while high-beta alts bleed, part of that can just be market structure, not crowding. That's why I track BTC/ETH/BNB with a public rule-based regime system and interpret positioning inside that context.

Feriman22

Before choosing the coin, I'd look at the market regime first. I made my current BTC/ETH/BNB regime status public for exactly this kind of context. It won't tell you what to buy, but it can help decide whether going all in now or scaling in makes more sense.

ubermensch1001

They would know that you had bought a ledger but would NOT know what you have bought or are holding. Some examples of this though would be the Celsius bankruptcy case, creditors that were involved with that had their holdings on there leaked. For instance, Matt has 100 ETH and 3 BTC at time of bankruptcy, they'd be able to see how much Matt would have gotten back with distributions but would NOT know if he had sold or bought. Same here, they know you have a Ledger that you bought but for all they know you could have $100 in BTC or $1,000,000. A bigger risk, like in France, would be those who have sold and had their capital gains taxes that showed this.

Suspicious_One_825

And if is below $500k, that means everyting is fine with world economics? :D Bro, the whole purpose of BTC is to save us from world economics!

totallynotexciting

Right. That’s the actual argument. Yea if it happens it’s not good for the 99% but BTC could drastically counter that by being the ACTUAL store of value.

unknown-one

where can I find these exposed BTC keys? asking for a friend

Gears6

> That's true. Really, I should have also said that you should only trust fully open source code which has been thoroughly vetted and tested. SeedSigner's code is a perfect example. They obviously test their code, just like how Ledger tests Ledger's code. But... SeedSigner's code is also used and thus battle tested by other devs in their own work. ShieldSigner is just one example of other devs building on SeedSigner's work, and the dev behind ShieldSigner often participates in improving SeedSigner's code. Let's assume a software engineer, but there's no way in hell I'd be able to spot security issues with open source code. I'm not an expert at this particular topic, nor do I spend significant time trying to break encryptions or vulnerabilities. That's someone as a software engineer with decades of experience. So that's the one hurdle, which indicates you do have to rely on others. If you rely on others, and you say it's "battle tested", you could argue Ledgers were battle tested and used for a long time. Buying from an authorized reseller was also "battle tested". This is the weakness of a system that removes the human, and the ability to stop or withdraw transactions. Every system has it's pro's and con's. You just have to pick your poison. > Stateless. The seed & wallet aren't saved on the device, which means there's nothing on the device if thief to steals it. Doesn't that imply you have to store somewhere else, and I hope that's only in your brain. > Last, but not least, I swear by owning a safe and using home automation sensors on the safe. If my safe gets opened or moved, I instantly get notified on my phone, computer, etc. This kind of home automation is easy to set up, and it's cheap too. Aqara sensors are great. $60 total. I've not dabbled in this, and I'm interested. Tell us more oh master? 😁 I'm serious. I'd like to know more. I'm building out a home server right now (finally after wanting to do it for some time so it's kind of the perfect time), but there's a lot of work. > Self custody comes with self responsibility, so you have to think like an attacker to figure out how to avoid vulnerabilities that get people robbed. To be fair though, you alone isn't likely worth the theft of your BTC. On the other hand, if you're filthy rich then all of that may not be sufficient. Because they could surely hack your home automation and so on. Security isn't about 100% secure, as that's usually not possible. Even if you memorize it, they can still torture it out of you eventually, and even if not, one day we might invent technology that can interpret your brain sufficiently to pull it out. Point is, all of that is great, I believe you're safe. Even I don't go to any of that length, and trust my crypto to the major exchanges. > I know the above list reads like a lot of work, but really, it's not. The more you learn about what a seed phrase actually is (it's entropy) and how transactions are signed, the easier it gets to keep your Bitcoin safe. I think everything you're saying is reasonable from technical standpoint right now, but things change all the time. People out to steal your money is spends arduous amount of time, and there's whole armies of people doing it. So they will out-think us. Plenty of battle tested software have been open sourced, and is used for decades. Constantly maintained, that is vulnerable. All it took was someone to look, or have AI look.

Material_Potato8466

Kind of an odd day so far with only BTC up and none of the other majors following.

fgordiano

I do not feel happy when BTC goes down :(

Truthfullyseeker

Yes just pay me in BTC yo!