BTC

Original-Assistant-8

Same reply I gave to another The OpenAI news solving math problems that humans had not certainly leads to uncertainty and doubt. Not sure I'm at the fear stage- I think transitioning to post quantum cryptography with crypto agility will allow systems to stay ahead of it. And that includes BTC. I think solutions are there but have to make some tougher decisions and get moving

Original-Assistant-8

The OpenAI news solving math problems that humans had not certainly leads to uncertainty and doubt. Not sure I'm at the fear stage- I think transitioning to post quantum cryptography with crypto agility will allow systems to stay ahead of it. And that includes BTC. I think solutions are there but have to make some tougher decisions and get moving

MerkleChainsaw

Right now I don't have any long term crypto investments. I started in 2017, though only with a small investment so I've done very well but I'm not retired or anything. In earlier years the logic was basically "crypto is up a lot, good time to sell" or "crypto is down a lot, good time to buy". Unfortunately I think the logic is now reversed, for BTC at least. Nobody believes it's going to morph to be electronic cash anymore or a stable store of value, so the driving narrative for the typical boomer investing in ETFs is just "hold long term through the swings and BTC always goes up". It's important for BTC to keep that narrative alive. So basically if BTC doubles over the next year I'll feel a lot better about it, but at a time I don't want to buy. If BTC halves over the next year I'll feel much worse about it, but at a time I don't want to sell. This is the reverse of how it used to be, and makes me want to stay out. I do have an algotrading bot that makes day trades, but that's unrelated to my longer term outlook.

ippleing

No. Your claims back up my original points. When there's hype it never pans out for reasons. 'Whales flushed out shorts' 'Whales flushed out longs' 'Levered longs got wiped out' 'Levered shorts got wiped out' *brokerage firm*: 'BTC to reach $240k by August' Never a brokerage firm hyping downward action. Don't try and time the market, just buy and forget about it.

xcrunner2414

I had multiple BTC being held as collateral on the platform called Abra. I saw an email much later after it was sent by the platform that they were shutting down, and anybody who still had outstanding loans needed to pay them off ASAP to get their collateral back. I was very nervous that I wouldn’t get my BTC back.

hoppeeness

The fact that gold is dropping and BTC isn’t rising is a bad macro sign. If BTC isn’t taking the place of some of gold then BTC has no use case. Most gold price is paper gold anyway which is more equivalent to BTC, especially when it’s tokenized.

Fear_Blind83

Coinbase Prime custody Billions of dollars worth of BTC for some of the largest institutions including Michael Saylor's Strategy and BlackRock ETF etc..

kimmagandss

One thing I found notable about BYDFi’s latest campaign is the temporary increase in futures leverage for BTC and ETH. The maximum of 500x is an aggressive level that experienced traders may want to investigate. It also means the margin for error becomes much smaller when the market turns unexpectedly. Looking at liquidation rules and other trading conditions should come first.

Reasonable_Band1536

How are you going to pay the loan back without a job lined up? Selling BTC affords you the chance to not have to pay anything except taxes. I would imagine the loan would cost more with interest.

seusicha

Both can definitely be true in many ways. You can die next week. Bitcoin can stay in the $100k range for the best décadas (and I doubt you'll own a trillion dólares by then). BTC Will hit a New ATH, I'm pretty sure. But logically that makes no Sense.

hodler1992

Yeah 20% BTC 80% SATSs

hodler1992

2-3 red days within the sideway movement and people are questioning BTC again 🤣

No-Wrap3568

I assume you're a beginner. With that in mind here's all that you should look for in a wallet:- 1) EAL 6+ secure element 2) More than one source of TRNG, so that what happened with coldcard doesn't happen again 3) No single point of failure, managing a seedphrase is nightmare for most people, I was no exception. Best option would be a Shamir's Secret Sharing enabled wallet, the best solution as of now 4) A BTC-only firmware if you don't trade in shitcoins, reduces the surface area for unwanted attacks. 5) Native-Inheritance support if you're not too young and if you don't hold a big amount. Make sure you don't skip your own research, before buying, spend some time understanding how cold wallets works, what breaks them and what to avoid. HODL for life!

TheBestintheWest11

is this why BTC dropped 2 percent? if true, they definitely gona dump.

Significant_Grab_173

You work extra, you neglect all your other gaming/party/fast food monthly expenses, you DCA every month / week / day the same amount you can afford to invest and potentialy lose, you get deeper into bitcoin, you stop looking at the chart, you sacrifice a little bit more than you thought you would at first and finally you get to 0.1 BTC... in that exact order :) Good luck!

SuchTrezorVeryCrypto

At 0.01 BTC there's no wrong answer, but the risks on each side aren't quite what they first look like. On the exchange. Risks include insolvency or fraud (Mt. Gox, FTX), account freezes, KYC or regulatory problems, and hacks. Large exchanges have handled these better in recent years, but "not your keys, not your coins" is true. It's a counterparty risk you can't control or fully see into. For a small amount you're DCAing into, many people accept it as a temporary holding spot. On self-custody. The biggest risk usually isn't hackers or wallet companies. It's you: a lost seed phrase, a backup that was never tested, a typo in a written word, a passphrase you forget, malware on a machine you thought was clean, or heirs who can't access anything. Far more Bitcoin has been lost to user error than stolen from well-run exchanges. That's the real cost of the added complexity you mentioned.

anon1999666

I’ve seen this sub say BTC will have its time when big tech crashes lol. If big tech crashes like it did in 23 then BTC will be testing 20k again

Present_Let2487

BTC 840k before GTA 7?

lost_on_the_chain

I permanently lost 9 BTC. Doing my part to help with scarcity 😂

TestPsychological477

BTC is not money, as it’s lacking a power to enforce it. To make actual money, there has to be a state that forces its validity upon the society it has command over. It’s pretty obvious: there’s plenty of ppl who, by not owning money, are seperated from wealth and it’s in their interest to go against what power money gives to its owners (ie. buying/owning goods, labour, land). Thinking you can just make some sort of fantasy currency that can work as real money is delusional for that reason.

Icy_Dragonfruit__

0.1 BTC is a solid milestone. The consistency behind stacking it matters more than the number. 👏

n3w1ight

Someone willing to pay 84k USD for 1 BTC. Yet it is seemingly dead.

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Post is by: qqAzo and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1x0kl1r/i_built_a_trading_bot_for_my_momentum_board/ I have had my Crypto trading system live for almost three months now. What did I learn? At the moment my super solid 1.800x back tested strategy is performing almost on spot as just holding BTC. A main reason for this is that BTC usually moves the rest of the market. However there have been periods where my trading bot has been 5-10% above BTC in overall return over the period. One key here is that BTC is a first mover often when the bull market changes. The others follow hard in later periods of the market. (and are we even in a bull market yet?) Can you beat a buy and hold strategy? That is my optimal - and my opinion ii is possible with a few simple rules. You need a set of rules to follow and be consistent. I have made this website (for free) to showcase that you easily can beat the market overall if you allow yourself for a couple of a tools. Hereby a few tips from my side when trading the Crypto market. 1) You need to know what **Regime** you're in. Are we in a bear/bull or sideways? For this I use a HMM model to define Risk on / off. 2) You need to have clear rules on **what you trade** and why. My rule is top 15 with good liquidity. The more you include the higher the variance you accept. I think everything below top 25 in Crypto is moonshots and if you bet on 10 different in top 100. You'll be better off just buying top 15. My research has also proved this - random walk - survivorship free. In the past 3 years I 10x my investment vs 3x from BTC. If I picked top 100 I could do 25x but at a drawdown of 4x. So the risk is simply too high and can only be mitigated by hard diversification pushing it down to around 12x. 3) Rebalance and adjust to the market. It's important to not stick around in losers and hope for a turn around. Stuff usually goes against the market for a reason - and it usually follow through. 4) **Don't expect the Crypto market to move as the stock market**. Correlation is a lot higher in Crypto compared to the stock market. You don't have a seperation between sectors yet - everything moves up - everything moves down. (more or less) These recommendations are based on backtesting and studying the Crypto market since birth. My 2 cents on the Crypto market. Enjoy or destroy :) [https://koryu.io/](https://koryu.io/) *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.*

crimeo

There is no sense in which "PoS is printed in the system" and PoW isn't. PoW is "printed in the system" just as much. There WILL be X many coins minted in the next year, period, whether the hash rate is staggeringly huge, or whether it's one guy's iphone. That is internally decided ahead of time, exactly the same as PoS. And in both cases, the distribution of who gets the internally defined number of coins is entirely decided by who was rich before already in the fiat system. In PoW, the already-rich can afford most of the ASICs. In PoS, the already-rich can afford most of the staking coins. Same exact thing. > the door reopens for whoever can produce energy cheaper. This provides no actual benefit, and is in fact a massive **weakness** of PoW. Because "who can produce electricity cheapest" is only certain geographical regions. The narrower the margins, the fewer the regions, and those few regions have limited governments controlling them. Sooner or later, 1 or 2 governments will be able to pass laws that govern all PoW miners. So they will become de facto controllers of BTC or any other PoW coin. PoS is immune to this huge flaw, since staking is equally efficient everywhere.

SuspiciousMorning639

The interesting part to me isn't really the price action, it's how many different pieces are starting to connect around LTC at the same time. Institutional products, payment infrastructure, DeFi and even a corporate treasury move is a pretty wide range. Makes me wonder whether LTC is quietly getting more utility while everyone is still mostly looking at BTC and ETH. BYDFi recently expanded its BTC/ETH futures offering too, so I'm curious whether we'll see more attention shift toward established altcoins as liquidity grows.

shortprisoner227

Bitcoin history is wild when you think about it. Before Mt. Gox there was no real exchange, so prices were basically whatever two people agreed on in a forum DM or IRC chat. Mid July 2010 makes sense because that's when there was actually a market price instead of just "hey I'll send you 500 BTC for a pizza." Even then liquidity was tiny, like a few trades a day. PayPal was probably the easiest way but also super risky since chargebacks meant you could lose both the coins and the cash. Early adopters really had to trust strangers on the internet, which is kinda funny for a trustless system.

Icy_Dragonfruit__

If you’re new, start small and DCA rather than trying to time the perfect entry. Learn BTC first, then decide between holding BTC directly or using an ETF.

audit-content-user

You can transfer all your bitcoins to me as no use to you! I am happy to receive for free, deal? Terms and conditions: minimum 5 $BTC per transaction

ZealousidealTap9756

It's funny how many times I've read this and BTC is still alive

maymanmaven

You think BTC retracement stops at 82-83k? And I’m not telling you to actively trade. For me, a move from 60-ish to 86k is more than enough to take profit and wait for a retrace. That’s all I want to say

Medium-Renewed

I won't cause I was about to break-even with some altcoins haha. But it will be great to load up some BTC!

SAAGASolve

A blockchain is market infrastructure. I thin there is going to be one, as historically that is how things have run. Market infra allows you to make currencies, and yes, AI Bots will be making their own currencies and equities, and to do that, they will need BTC.

kennymac6969

I'm in the US and last time I checked you couldn't withdraw BTC. Did that change or was I wrong? Since then I've completely moved away from Venmo credit card because of this.

Remote-Basket-8676

I invested heavily in RE....if i put that money in BTC at the same time, if could've bought way more RE. Screw that trad, "Ill be rich by the time my dick doesnt work" bullshit

Polishzebracamel

1st, there has to be another alt coin season. Just has to happen, won't do it on its own. 3$ can happen on that alone. Other alt coins won't get you 10x even if that happens and that's the point of your original post, no special catalyst,just actual 10x price movement. If actual funds adapt the narrative of earning yield on the held BTC. STX is the best vehicle for that, there is competition,but STX is the original. That's the $3+ story

neo-crypto

You don't get the point of having BTC then! Sorry.

gmakhs

You can hold BTC as BTC on your own wallet and government will never know ......

lefthandedbucket

It could go to $40k, or $20k, or $450k, but it doesn't matter - it's about how many BTC you have, not what BTC is worth against the USD.

cicada_eater

tbh i think people focus way too much on the 21m number lol personally i’d rather see how BTC handles the mining side long term. if i was a miner, i’d want fees to become a much bigger part of my income as the rewards keep shrinking. 2140 is basically irrelevant to me lol. the next few halvings are where shit gets interesting.

Hodl4BlastOff

STX is an interesting one. The BTC yield/institutional angle caught my attention. What do you think is the biggest catalyst that gets it back to $3?

c0dyharris

It is the traditional system now. BTC was cooler before ETFS and governments got in. Lost the plot

rorowhat

Of course you can't time the top, specially during a bull run when everyday it's going up by 10% or more. He kept selling it as the price kept getting higher and higher, classic DCA. He also worked at coinbase where he got it listed, back when coimbase only listed BTC, Eth and Litecoin. While he was DCA at the bull market, he was also telling people to hodle. You do you, but Litecoin is gone, it's not even on the top 10. Charlie killed the vibe, like it or not.

Far_Significance1669

BTC is on sale!! (Huge discount) :)

mando_number5

Don’t tell me it costs BTC to play

PrinceWhoPromes

BTC: down -5.12%

Polishzebracamel

I've played this game many times, came to the a reasonable conclusion. STX. Why? Currently at .3 it can go to $3, because it's already done it, that's a simple argument. It's a coin that actually does something, earns yields on BTC. They are expanding to funds now. So a fund that's mandated to hold BTC can still earn interest on it. Simple idea.

CSMasterClass

Ah, the Honda Civic numerere. But this still does not give a measure of volatility --- though it gives us a number. Not many people use this measure, but it is not so different from either the BigMac index or the Gin and Tonic index. Usins your index, which is more sensitive Gold or BTC.

4-1Good-79

You can keep your BTC and use it as collateral to borrow USDC

crimeo

You're replying to a thread about a decentralization focused narrative, that does NOT consider BTC the most decentralized, but are complaining about opposite narratives? If, every time you see the right narrative directly in front of you, you ignore it and complain about how the narrative isn't that, then it seems like you're committed to never recognizing the possibility of being wrong.

JoeOpus

Screw Robinhood. Can’t believe ppl still use it. And $25m, great. That moved BTC’s price 0.0000000000000000000000000000000001

OkDeer4213

Same thing happened to me. Bought 1BTC for 5k. Panic sold during the pandemic. Had to buy it back at 10k. HODL ever since!

MathHelper2428

Price to buy the WDW ticket increased 3500% over 55 years. Price to buy BTC increased 13,486% over 10 years.... Glad the cost of WDW hasnt inflated nearly as crazy as BTC.

throwaway12three4

Umm... Have you met this friend in person? Reason I ask is because the more you explain the situation it sounds like a scam in the making. Sure, it might be legit but why would someone venmo it to you, then you pay him? sounds like a bunch of hoops. Also, why can he not get Venmo himself? or have the other person send BTC direct to him? or have the other person pay him in a way that he can accept? If the Venmo transaction you received turns out to be illegitimate and you already sent the BTC out, you could be on the hook for those funds. Just sounds kinda sketch.

tenor_tymir

Brokers like Kraken typically offer two options: either you choose the simple method ("Convert"), where you exchange your funds directly for BTC, or you use the broker's trading platform (the "Pro" version), which allows you to use various order types and view the order book. The convenient "Convert" feature always entails higher fees, whereas the trading platform ("Pro") offers lower fees but requires a bit more expertise. However, it is not rocket science: you simply place a "limit order" in the order book, specifying the price at which the order should be executed. This allows you to control "slippage" and ensure you acquire the BTC at your desired price. Conversely, if you place a "market order" instead of a limit order, there is a risk that the order will be executed at a higher price rather than the current market rate.

MrMoo151515

I’ve held it in self custody for a little over a year now. I really only did it because people said to do it. I got caught up in the coldcard entropy scare. I didn’t lose my BTC but I also only had 1 hardware wallet (mk4) at the time and really had no where to turn to so I dumped it all onto my brokerage. After the dust settled I bought some new wallets. And I’m limited to how much I can withdraw at a time. Daily limits, weekly limits, monthly limits. They’ve even temporarily frozen my account and took a bunch of phone calls for them to unfreeze it because I kept withdrawing my max daily/weekly limit. Mother fuckers will happily accept my BTC without restriction but the second I want it back in custody it’s a fight. I’m still withdrawing each week trying to get it all back. This was the click for me. This was the real world if I want my money I have to beg for it moment.

VivaLaBiome

Very simple solution --- buy stocks correlated with BTC. MSTR, BIT, ETHA or whatever. You don't need to own crypto to be directly exposed to it.

lobhater

Anyone know of a subreddit that has interesting discussions about BTC or the tech around it? Instead of just why the price changes every 15 minutes

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Post is by: GreatBreadfruit8139 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1x04bpo/this_crypto_bot_is_29_in_8_days_while_btc_did_16/ This one is getting tempting.. PSTE 8H · PSAR 12H Bot.. +29.1% BTC.. +1.6% ETH.. -0.88% Max DD.. -0.08% Age.. 7 days Trades.. 5 The strategy is already frozen.. now we just watch what happens. Maybe it collapses next week.. maybe after 50 trades everyone says they wish they had started forward-testing it earlier. Someone already copied it into their own Paper account. Would you copy it now?.. or wait for more evidence? [https://app.labnarrative.com/league/pste-8h-psar-12h-2b170599](https://app.labnarrative.com/league/pste-8h-psar-12h-2b170599) Paper/simulated trading only.. very early sample. *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.*

locotx

Bro, get a loan off your BTC . . 12-year, average interest rate about 12% . . just work to pay off the interest asap . . .then in a year pay off the interest and any extra principal and refinance. I believe that's how the whole "never sell your BTC" and "borrow against your asset" thing works.

SAAGASolve

Well BTC hasn't even begun to synergize with the rest of the economy. >Giovanni Santostasi found power-law behaviour manifest in bitcoin over its fifteen year life. That my friend, is called anecdotal sampling. >If Geoffrey West's predictions about power-laws apply I sincerely doubt they do.

dou8le8u88le

Gold and the stock market are both approaching cycle lows later this year, could be very interesting if money rotates out of them and into BTC. But I’m not counting on it.

Archophob

google Gemini thinks the S-curve will flatten once we reach 1-5 million $/BTC in the late 2030ies.

ParagonSaint

Do you have an exit price? How high this cycle are you looking to cash out on BTC and ETH? Obviously no one can time the top but if you’ve been around a decade what’s your advice on “taking profit” for this next cycle/bull?

ippleing

Exit liquidity for the Epsteins. You'll start seeing more articles now from outlets about BTC being 200k by next year.

ippleing

Brothers, I've been in BTC since 2016. EVERY SINGLE TIME I started seeing articles like this from the financial industry it's always followed by a collapse. EVERY TIME there's a breakout it happens silently when NOBODY expects it. This time is no different, tread carefully, don't fall for the FOMO.

VeterinarianFun2455

bond market sell off continues risk assets sell off to cover losses. this is short term as the high bond market sell off increases the bond prices and then the fed has to step in with QE or some alternative aka printing money. HODL, and HODL hard because this is going to be a boon for the the larger BTC community.

BlitheringBloke

$1 per hour. DCA weekly on each Monday'. $168 each week. Regardless of the current fiat to BTC rate is.

BetterFunny6883

You mean selling 0.09 BTC not 0.9 BTC, that's an obvious typo. I'd say never sell your BTC ever

MinimalGravitas

> ETH whales who participated in ICO are praying that something will keep the chain alive (decentralisation, NFT cults, 99th L2 chain) so they can finally break even on their ETH/BTC entry. During the ICO 1 BTC got you 1,000 ETH. Now 1 BTC is worth about 32 ETH... so they are up over 30x on their ETH/BTC entry. > the whole cryptocurrency industry is gathered around "who has more TPS" and "who has more ETFs approved" and adoption One of the biggest conferences in the Ethereum calendar is the Cypherpunk Congress, happening in Mumbai in about 4 weeks (starts 2nd of November) As well as the usual names from Ethereum like Vitalik and Justin Drake, speakers have also included some of the original cypherpunks like David Chaum and Richard Stallman; Isabell Fernandes and Roger Dingledine from the TOR foundation; privacy whistleblowers like Chelsea Manning; Electronic Frontier Foundation director Eva Galperin, etc etc.

MrRoidsen

Except you don’t use BTC to buy things, you only use fake money aka fiat to buy things

EveliqTrace

Der Absturz sieht im Chart spektakulär aus, aber „Marktmanipulation“ ist damit noch nicht bewiesen. Der heutige BTC-Rückgang fällt mit mehreren Faktoren zusammen: steigenden Renditen, stärkerem Dollar, höheren Ölpreisen, einer erneuten Ablehnung bei rund 87.000 USD und einer größeren Liquidationskaskade. Interessant sind allerdings Berichte über mehrere neu angelegte Wallets, die kurz vor dem Rückgang stark gehebelte BTC-Shorts eröffneten. Aber auch hier gilt: **AUFFÄLLIGES TIMING ≠ KAUSALITÄT** **PROFITABLER SHORT ≠ MANIPULATION BEWIESEN** **KORRELATION ≠ KOORDINATION** Entscheidend wäre die nächste Evidenzstufe: Gibt es belastbare Hinweise auf koordinierte Orders, Informationsvorsprung oder eine gezielte Beeinflussung des Marktes? Bis dahin bleibt „Manipulation“ eine Hypothese -kein Befund.

CompetitiveAppeal663

If you’re selling .9 BTC for $8k, I’m sure you will find a buyer who will drive the fiat to your house.

francesco1-panico

Però ti é costato 0.2 BTC

xaviemb

Some people just can't help themselves... shorting a provably scarce and secure thing while the world prints fiat is the epitome of reckless gambling. Eventually they will be the fuel that rockets BTC higher. DCA and chill. Let's the children gamble in the meantime.

ir88ed

It's just another day. The price of BTC in USD will fluctuate.

Ok_Earth_9634

be way more comfortable selling a little than borrowing against BTC during a move like this

eToroTeam

The divergence with equities stands out more than the liquidation number. Nasdaq at a record while BTC struggles to hold $84K suggests this isn't simply a broad risk-off move. If that continues, the question becomes what crypto-specific demand is missing right now, especially with ETH ETF flows already turning negative.

Driftmier54

Sell it all. BTC to zero. You heard it here first.  I will take one for the team and buy your BTC for 50k

xXMrGoodKat

It may sound complicated at first, but before worrying too much about charts, prices, or finding the perfect entry, or Holding....I think the first thing you should do is structure yourself financially. **1. Get your regular finances in order first.** Separate the money you actually need from the money you're willing to invest. Have money for your normal monthly expenses, some savings, and IDEALLY an emergency fund. Bitcoin is volatile, so you don't want to be forced to sell BTC during a bad market just because your car broke down or you suddenly need cash. The money going into BTC should be money you can realistically leave alone for years if necessary. **2. Decide how much risk you're actually comfortable with.** Don't invest an amount that will have you checking the price every 10 minutes or panicking when BTC drops 20–30%. Bitcoin has had much larger drawdowns historically. Decide beforehand what percentage of your savings/investments you're comfortable exposing to BTC. **3. Don't put all your eggs in one basket.** That applies both to your investments and to how you store your Bitcoin. You don't necessarily need everything you own concentrated in BTC, and as your BTC position becomes significant, think about whether you really want 100% of it sitting in one place. You might eventually have traditional investments, cash, BTC, etc. And within your BTC holdings, you might keep a small amount accessible while putting your long-term holdings into proper cold storage. **4. Learn storage BEFORE you accumulate a large amount.** At the beginning, keeping a small amount on a reputable exchange while you're learning isn't the end of the world. But if you're planning to accumulate BTC long term, learn what self-custody actually means. Learn about hardware wallets, seed phrases, backups, passphrases, and recovery procedures. Most importantly, understand that self-custody gives you control, but it also gives you responsibility. If you lose your keys or expose your seed phrase, there may be nobody who can reverse the mistake. Don't rush into complicated wallet setups you don't fully understand either. Simple and secure is better than sophisticated and confusing. **5. Take security seriously from day one.** Use a unique password, 2FA, secure email, and be extremely suspicious of links, DMs, "support agents," giveaways, and people offering to help you with your wallet. Never give anyone your seed phrase. Never type it into a random website. And don't advertise publicly how much BTC you own. As your holdings grow, your security should grow with them. **6. Keep records of where your BTC came from.** This is something beginners don't think about enough. Keep records of your purchases, dates, amounts, prices/cost basis, exchange statements, wallet transfers, and transaction IDs. Moving BTC from an exchange to your own wallet isn't the same thing as selling it, but years later you may need to demonstrate where those coins came from and what you originally paid. Good records can save you a massive headache later. BIGT TIME! **7. Learn taxes, AML/KYC BEFORE you need it.** People spend years learning how to buy BTC and almost no time learning how they're eventually going to turn some of it back into dollars. If BTC becomes worth substantially more someday and you want to cash out, understand capital-gains taxes, exchange KYC requirements, AML/source-of-funds checks, withdrawal limits, and how your bank handles large transfers. A legitimate large withdrawal can still generate questions from an exchange or financial institution. That's another reason to preserve a clean history showing how you acquired the BTC. Don't wait until you're trying to cash out a large amount to figure all of this out. **8. Have an investment plan instead of reacting emotionally.** Decide whether you're DCAing, buying larger corrections, or using some combination of both. Decide roughly how much you're willing to invest per month/year and what would cause you to stop buying. You don't need to predict every top and bottom. Having rules helps prevent FOMO when BTC is pumping and panic when it's falling. **9. Think about your exit plan even if you're a long-term holder.** "HODL" doesn't mean you can't have a plan. Maybe your goal is to hold for 10+ years. Maybe someday you'll sell 10–20%, recover your original investment, buy a house, or gradually take profits. You don't have to know the exact price today, but you should understand what you're actually investing *for*. Basically: **Finances → risk → buying strategy → storage → security → records → taxes/AML → exit strategy.** Once you build that foundation, Bitcoin becomes much less overwhelming.

Thathitfromthe80s

Yep I do this all the time and only have like .8 BTC. Every time it spikes up I just shave off $500-$1000 and then pick it back up with the same amount but for more sats. The longer you’re in the easier it is to read “inappropriate spikes up”. It’s like brushing my teeth at this point just a fun little habit with low risk to my overall holdings. It’s how I’ll get to full coin by spending nothing more.

Large-Cress900

That's the part that got my attention too. I'd just be careful with “never touching the coins” — the sats are still locked in a Lightning HTLC during the trade.What I find interesting is that you don't deposit BTC into a conventional exchange account and receive an internal balance. The coordinator has a role, but it's a very different trust model from a custodial exchange

Tripleforty1

Yet here y'all are not measuring BTC against Fiat but actually trading it against Fiat currency. The idea of an decentralized currency is great but don't act like BTC is that because it ain't.

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Post is by: Brooks944M and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1wztzeg/btc_reclaimed_86k_then_slid_under_84k_within_days/ Recap of the last few days, because the price action has been... interesting. **BTC:** The September jobs report on Oct 2 was far weaker than expected (29K added vs roughly 90K forecast), which cut expectations of a Fed rate hike this month. BTC pushed back above $86K, a level it had not seen between January and about two weeks ago, and opened Oct 5 near $86.5K. Late Oct 6 it slipped under $84K, with a low around $83.6K, as oil jumped after Iran stepped up attacks on tankers in the Strait of Hormuz. Brent went above $101 and Treasury yields and the dollar rose with it. **Liquidations:** CoinGlass shows about $556M in total crypto liquidations over 24 hours, with $487M of that from longs. Futures open interest is still well below its record, so this does not look like a market at peak leverage. It looks more like crowded longs getting flushed on the way down. **ETH:** It broke out of the roughly $2,600 range it had held since Sept 24 and reached about $2,747 on Oct 2. It is back around $2,600 today. US spot ETH ETFs have posted net outflows every session since Sept 30, including about $202M on Oct 6, after roughly $690M of inflows the week ending Sept 25. **Everything else:** Smaller tokens fell harder, with the CoinDesk 80 down nearly 4% over 24 hours and layer-2 tokens leading losses. BTC dominance was about 57% as of Oct 2. Robinhood put $25M of bitcoin on its balance sheet this morning. The Nasdaq hit a record high on Oct 2, so equities and crypto are not moving in the same direction right now. What I keep coming back to is that a day like this is mostly forced selling, not people changing their minds about their holdings. In a market like this I would rather borrow against my coins than sell them if I need liquidity on a platform like nexo or kraken. Selling is a taxable event in a lot of places, and buying back later means re-entering at whatever price the market gives you. Borrowing keeps the position open. It is not free money, though. If you run a high LTV, a day like today is exactly how you get liquidated. Anyone borrowing should sit well below the liquidation threshold and leave real room for a sharp drop. *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.*

CorfranGoch

TL:DR - Internet bad. BTC is Internet. So BTC bad. But Jesus redeems so bad=good. Therefore BTC good. That pretty much sums up Christianity. You can twist it to justify any bullshit you happen to like the look of.

Realistic_Fee_00001

Bitcoin is and will always be about p2p cash. What BTC does is something else and frankly not very interesting these days. It's mainly about gambling for more broken fiat money.

Medium-Renewed

My crystal ball says 30-40% while BTC pulls back to form a higher low

ComfortablePlace7674

BTC barely needs to move before overleveraged positions start getting liquidated

hodler1992

Market correlation?? This whole market is rigged lol. That has nothing to do with education since even the upmove of BTC is completely irrational. I'm a long time hodler and usually do not care about any shortterm noise. But as I have watched charts at the exact moment this red candle hit and was gone literally a second later I was wondering what could trigger such a move on all alts together it would take many billions and how is that not manipulation in the end. Completely unimaginable in the stocks market

Intelligence_kiwi_

Update: 7 Oct SGT for anyone interested, BTC had a pretty aggressive drop today so I added a bit more around the $86.5k and $84.9k range. Still continuing my daily DCA as usual

hodler1992

No I'm not and it is of course true that alts are following BTC but I'm talking about a simultaneous red candle in the exact same second which lasted only for moments.

maternoeslovo

I wholeheartedly agree that crypto has to be decentralised as it initially was designed. But at this point the whole cryptocurrency industry is gathered around "who has more TPS" and "who has more ETFs approved" and adoption (read: large funds acquired large portions of supply) rather than being decentralised. The whole narrative was hijacked. BTC narrative shifting from "new money" to "store of value" was narrative hijack. If 2-3 mining entities aligned BTC can be hijacked entirely, yet we consider it the most decentralised. I'm not even trying to be contrarian, that's just how it is. ETH whales who participated in ICO are praying that something will keep the chain alive (decentralisation, NFT cults, 99th L2 chain) so they can finally break even on their ETH/BTC entry. wrt to rug pulls, as a person who ran multiple projects (memes and not) with less than 2% of supply concentrated in my hands I guarantee you Newton's laws and theories have more to do with price action and project's success/failure than decentralisation.

Feriman22

I run FerimanEdge, a small Discord community focused on rule-based BTC, ETH and BNB market analytics. There's free Public Access with delayed updates and publicly tracked outcomes. No copy trading or automated execution. Might be relevant if you're looking for data-driven market context rather than hype.

Main_Dragon_1999

BTC hasn‘t fixed anything so far. It’s just another opportunity for hackers to get paid.

basketbun

As long as money supply inflates equities inflate at around the same rate, BTC more because of the finite supply

pickin-n_grinnin

Are you asking why BTC trading inside a range? Lol

Acceptable-Leek1546

If a 2% draw down is gonna wipe you out, you were already dead. BTC moves up and down 2% daily.

sarleknumtop

If you have money that you don’t need then buy BTC and forget it for the next 10-15 yrs. Nobody can guarantee but you may be grateful one day. Just don’t check every day how it’s going

Bilatsibagya

Yes sell BTC now at 84k it's probably dumping to 76k-78k you can buy more down there. Not financial advice though

L4gsp1k3

If you want ny honest opinion, then BTC can't never be the solo or currency as the Fiat system. I'm here for the lambo. If you want to understand why I think that BTC can't never replace any fiat currency is because of its scarcity.

Bilatsibagya

Let BTC drop low so i can buy more