BTC

Saibazz

Right now BTC is around $78K, after recently reaching about $82.2K. Reuters noted that a sustained break above roughly $82.8K could open the way toward $90K

MundiKing

They def did give me $4985. I had nothing in the exchange prior to the transaction, Transfered $5k from my bank acct, and used every penny to buy BTC. And I took the BTC spot price from 2 other exchanges and multiplied by the amount of BTC I bought to make sure the exchange rate was showing correctly. They may have skimmed $1-2 on the bid-ask but it’s virtually nothing at that amount of money and I had $4985 worth of BTC when the transaction was completed. Coinbase is a sham and rips everyone off terribly bro. I’ve been doing this a long time.

Interesting_Loss_907

Just did a very quick test on a Prospective *Buy* only. Did not use Coinbase advanced, and did not use Kraken pro. Just used standard for each. (on Coinbase advanced you generally use limit orders only to buy and sell, and I wanted this to be apples to apples.) Current central spot market BTC price as of this moment: $78,450-ish Entered a small Buy order on each app for $400 worth of BTC. I did not complete the buy on either app, so admittedly we do not know the final, bottom line cost. However, this is interesting: For USD 400.00 3 minutes ago: Kraken 0.004975 BTC ($79,605) Coinbase 0.005047 BTC ($79,241) So Kraken here had a significantly higher bid offer spread as their ask price for BTC was more than $1100 over the central spot market price, while the Coinbase spread was a bit better, and their ask price is only about $750 over the central spot market price. IDK the amount of the transaction fee for either as I did not go confirm the order on either at the moment.

Fun-Analysis-182

Exactly right. Bitcoin's own chain and rules were never touched, the bug was entirely in Liquid, a separate federated sidechain running its own software. The real BTC only moved because Liquid's code got tricked into approving a withdrawal that looked valid to it.

Interesting_Loss_907

IDK. Good to know, & I’ll try Kraken again to test it. To know Kraken’s spread you would have to simultaneously try to sell $5K worth of BTC & see what price they would give you for selling your BTC. I’m certain of one thing: they would not pay you 4.985K for your 5K worth of BTC at the central market spot price. But definitely it’s worth doing a test like that and to try it out both on Coinbase and Kraken simultaneously (without going through with the transactions, you would not have a true test of the bottom line cost, but you could at least gauge the bid offer spread on each exchange at the same moment.) when I did that, they were definitely about the same. Now I do use Coinbase advanced, and it seems to be priced better than using Coinbase standard. But I think you’ll find for each of those exchanges that the bid ask spread on BTC market price right now is around $1K+ apart.

Numerous_Ruin_4947

The collectible argument does not make Bitcoin unique. I treat every crypto asset in my portfolio as a collectible: I hold it because it is scarce and I expect its value to rise. Bitcoin was simply the first crypto to capture enormous mindshare. That explains its current advantage; it does not make that advantage permanent or exclusive. Bitcoin is constantly mentioned by the media, which reinforces its dominance. I want Ethereum and other assets to receive comparable attention. When legislation such as the CLARITY Act concerns the broader crypto industry, Bitcoin should not automatically dominate the conversation. I do not own BTC, so watching everything wait for Bitcoin to rise does nothing for me. Zcash’s use case did not suddenly improve when its price began massively outperforming Bitcoin. What changed was demand, scarcity perception, attention and momentum. That is my point: use case alone does not determine price. And no, using an asset does not necessarily mean selling it - usage can create demand through fees, staking, collateral and other mechanisms. But usage still does not guarantee appreciation. A heavily used asset can stagnate if demand is matched by selling, while a collectible with limited practical utility can soar when buyers outnumber willing sellers. Price ultimately depends on supply and demand, not merely whether someone can list a “use case.”

ProgrammerNo3139

Haha, how much BTC do you have?

Unlisted_User69420

If/when I pass 1.0BTC i’ll probably move some/most to cold storage. Diversify heheh

luddiangflart

I like this perspective because it shows how easy it is to underestimate how long BTC can spend grinding through a cycle. Longer rounding bottoms would make sense as the market matures, but I wouldnt treat the pattern as a clock. Im just stacking sats, keeping dry powder, and letting time do its thing. Hope patience pays off again.

tegaetivewate

I think Bitcoin would survive a major global disruption better than most crypto, but the weak link is still electricity, internet access, and functioning mining infrastructure. Nodes can come back online and reconcile later, so temporary outages arent fatal. In that sense, self custody and geographic decentralization are a pretty solid hedge, even if BTC obviously cant solve the underlying crisis.

ArtichokeOwn6685

Yea when alt and mem coins became mainstream. 99 percent of alts will fall to BTC and good luck finding that 1 percent

molicechinogy3

For me the best strategy is boring: DCA into BTC and ETH, keep a small slice for higher risk stuff, and never invest money I might need soon. I also take profits in chunks instead of trying to nail the exact top. Staying consistent and surviving bad markets has worked way better for me than chasing every new narrative.

ContentBlackberry0

You can just keep like $1k or so on an exchange then send to your wallet. Every year or so consolidate by sending the BTC back to yourself

DiamondHandsDarrell

So now we have all this BTC and you want us to sell and pay taxes on gains when I can just hold AND buy a house???

studiopixie_ldn

As a BTC Maxi, do you stake your Bitcoin anywhere, if so which places are the best?

neverenoughammo

I stopped randomly buying guns. I just buy ammo mostly.22LR for keeping my skill sharp with practicing other than that yeah I keep repricing everything in bitcoin in my head and seeing what else I can save on to buy more BTC.

thrifty-ananas

I don’t buy it on an exchange, I have a service where I do a bank transfer and they send me BTC at my address.

No-Masterpiece2246

2019 take. Every coin EXCEPT BTC is pumping

No-Masterpiece2246

BTC backed mortgage sounds like precisely the type of shit Bitcoin was designed to get away from. This debt pyramid doesn't need to get any bigger.

No-Masterpiece2246

But on the flipside, the global monetary order is being disrupted as we speak. Fiat electronic currencies are in a crisis, and trust in banking is at lows. Central banks print like wildfire and inflation is running away. That's why gold is almost $5k/oz still. Crypto may be overvalued, but every day it gains more users. This increases network effect, which increases the utility of crypto. Mainstream acceptance also creates more trust. Each time governments and the bankers convulse and try to limit crypto adoption, they create more pain for normal people who just want to make money and life comfortably spending what they've earned. Ramping up all of these identity features to banking is making it worse and worse to use. Who wants to do biometrics and have their face scanned every time they buy something? It's idiotic. But this is their vision which is being enacted in China, EU, and USA. Crypto represents and alternative. Bitcoin BTC is probably capped out at $100k since Wall Street is now speculating on it and more or less controlling the price. When they profit they lessen opportunity for other investors and hamper the coin from having more organic growth. That's why other coins like SOL, ETH, XMR and BCH are running.

King-esckay

You are missing nothing I have done this twice now As I said though this time maybe a bit slower And naturally it may not happen at all. I may have to sell some of my holdings The advantage is more in what you buy I buy business assets or pay business expenses those things are tax deductible or come off the bottom line. Right now with the amount of interst I have paid BTC would need to be at 390k for me to use interest only to repay the loan Each month though as I buy more BTC the price it has to reach gets less Loan interest is also tax deductible if it used for investing purposes This morning the hot water for the office stopped working and I borrowed another 6k USD transferred 8k AUD to my bank Which increases the amount that BTC would need to rise for interest only to cover the loan The loan itself has a high interest rate but no repayment schedule which both helps and hinders because interest charged componds but cash flow is easier ro manage without forced payments.

lovechia93

Been holding SPX6900 for a while and I'm still here. Technically a meme coin, sure, but at this point it feels more like a social movement: one dead simple thesis (hold until we flip the stock market) and a community that never gets tired of repeating it. I was convinced long before the bear, and the bear only confirmed it: it held where others folded. You can't buy that with marketing. The onchain metrics back it up too: supply is accumulating faster and with a higher share of diamond hands than BTC and ETH showed at the same age. Could still go to zero like anything here, but the conviction of the base is hard to ignore.

brandon0809

When everyone thinks BTC is going to go down, it goes up, whenever one thinks it’s going up, it’s going down. I’ve learned the inverse investing on BTC is the way forward, it’s almost like the market is being manipulated to shake those people put constantly.

No-Spread-5650

Buying any crypto outside of BTC or Ethereum. Although I made good money on DOGE a while back.

Izautrin

"One mistake, and you've made a mistake." And you made it twice. The first, bc1q0c6rj9..., isn't in my dataset. Not one of the 35,189 addresses in the published CSV. I never listed it, so you called the research flawed over an address I never touched. The second, bc1q34vfdu..., is mine, with exactly two transactions on-chain: 0.26555205 BTC in on 2021-04-30, the same amount out on 2021-05-11. That's the drain, in 2021. The 2026 activity you're tracing sits on the addresses that received those coins afterward, not on this one. You followed the money forward and blamed the wrong hop. You went hunting through my data to call it flawed and got both wrong. That tells me more about the intent than about the data.

MundiKing

Interesting. I’ve always paid close attention to the unannounced fee that’s skimmed on the bid-ask, and it has always been practically nonexistent for me in Kraken. With Coinbase, the bid-ask skimming was always larger than the announced fee for my transactions. I recently bought exactly $5k usd worth of BTC in Kraken. The transaction netted me exactly $4,985 in BTC. The last time I made a purchase that size in coinbase, I netted less than $4900. Maybe it’s bc I’m using Kraken Pro instead of the regular version. Not sure, but the fee difference is substantial.

No-Masterpiece2246

Mostly dumb people fall for ad hominem critique. Douchebags can be factually accurate, and often are. You're likely emotionally indoctrinated into the BTC cult. The truth hurts.

lambdasintheoutfield

BTC be catching people lackin since 2010. People need to load up their bags.

HSuke

I'm not sure what there is to be impressed by. The lessons are super short and basic. There are plenty of free crypto lessons online already that go over topics in more detail. It's just a gateway to advertise for their virtual BTC mining product. You pay $21.99/TH for a 1 TH entry level miner. And the way your purchase these is by buying one of their NFTs that represents a purchase contract. I'm certainly not touching this. https://academy.gomining.com/articles/gomining-vs-cloud-mining

FillaChill

Real adoption isn't paying for coffee with BTC. It's people holding USDT on L2s so their monthly salary doesn't melt by 20% before rent is due

Legrosbelge

BTC =/= crypto

Xennenial

I wouldn't say that it dies from here, but if it dips hard from here before we get back into a bull run I wouldn't be surprised. While I think eventually we get back to new all time highs, the short term price action could easily be negative. I keep my crypto activity simple, I buy the bear markets and sell the bull. If BTC dips hard from here I buy, it it keeps pumping I'll wait patiently until the time is right to sell.

Olivia_878

It looks like the BTC sitting in my cold wallet is starting to get restless.

MakotoBIST

Bro 99% of the people in crypto are here to make money by dumping the ponzi on the next buyer. And BTC is proving to the ignorant why deflation+no rules is terrible and regulations are put there exactly to protect the average investor. Something that finance knows for decades. The tech is good tho in theory.

Unlucky-Dish5368

Dude, a few months ago BTC was about double the price -.-

Mr_Hodlerr

Before a dip to take out the easy longs? BTC has never been that nice

Interesting_Loss_907

No, because there is no “agreed price”. For a small retail amounts like we all have experience buying or selling, yes there is an average central market spot price. But even then it’s not a fixed price. It will fluctuate every second, and any exchange handling it will have a bid offer spread so they will quote you a higher price if you want to buy BTC, and a lower price, typically around 1.5% lower price if you want to sell BTC for $. In the example being discussed above, if a billionaire were to sell off 100,000 BTC over the course of a few weeks, driving the spot market price down, your question is whether he can’t simply re-buy all of it at the lower price. The answer is very clearly no. Even a basic understanding of economics 101 would help you understand why not. For example: let’s say the average spot market price for BTC was $80,000 when he started selling off his 100,000 BTC, & say he manages to unload that entire volume over the course of 3 weeks, driving the spot market price down to around $62,000. Now let’s say he wants to buy back 100,000 BTC. He will end up paying a much higher price than $62,000. Just because that happens to be the average price in the market at that moment, does not mean that it’s an “agreed price” for that large volume of coins, unless there were enough sellers at that price to make that additional supply readily available for him to buy. He could put in a buy order for that volume, but there would almost certainly not be enough available supply at that price. Holders would quickly notice the increasing demand and those willing to sell would put in sell orders at higher prices along the way. The market price would continue to rise as long as he continues to buy & accumulate the very large volume of coins.

yapel

It's bearish for Bitcoin, all else being equal. Lower money velocity is disinflationary and increases the real value of money, reducing the monetary-debasement case for BTC. The caveat is that it could also push the Fed toward easier monetary policy, which would be bullish. tl;dr: Bearish in isolation, potentially bullish through the policy response.

Intrinsic-Cope

I hear you man. It has gone soft. I do think there are people out there who still have that cypherpunk spirit but stopped bothering because they feel like the dream fizzled out once the suits got their hands on Bitcoin. Understandable. I feel the same way. It’s damn hard in this industry to have a productive conversation about what you want to build when every reply is either from someone looking for a quick pump (most of crypto now) or someone who’s become so cynical about crypto that they’re closed off to new ideas. So yeah, as a btc og myself, I've come to realize the only way to restore crypto to its cypherpunk roots is to be part of something that you can actually help shape and build with other people who know want the same thing. I could care less about a coin's utility at this point. The utility grift is done. So now, I'm looking for longterm games with longterm people. I want to be part of something where the holders are so passionate about what they hold, that selling the asset feels like selling a piece of their own soul, as odd as that might sound. THAT is how BTC made it this far. To fix crypto, imo, we need to build a NEW digital network state and learn from the mistakes of BTC so that the suits don't get their hands on this one.

Capable_Swordfish_30

It is not, there is a transparent open-source algorithm to peg-depeg coins un such a way that it would guarantee the 1:1 collateral in BTC. It just happened to contain a bug.

AgreeableAd1903

Store of value and speculation I think it will go higher and higher i doubt it will go to zero but crypto especially BTC gets rid of the weak holders historically due to it volatility. I dont see a use case for maybe another 10 years as far as main stream usage, and BTC wont be the currency that will be use rather a different more optimized one.

FirstAmendmentIsDead

The initial theft occurred because they got the victim to open a Remote Desktop client and then they stole his private keys from Bitcoin Core. Who the FUCK stores over 4000BTC in a hot wallet on a PC???

Mysterious_Big_4582

man this hits close to home, i'm in a similar boat with currency going nuts here. i just hold USDT too, it's basically my savings account now. the idea of spending BTC for a coffee feels insane when it could be worth double next year binance card is nice for cashback but i mostly just park everything and forget about it. the inflation is so bad that even doing nothing in stablecoin feels like winning i think the "dollar bank account" thing is probably everywhere where local money is unreliable, not just LATAM. when your own currency betrays you, you find a workaround real quick

coffee_is_fun

The industry degenerated into Mazoni's Artist's Shit and Cattelan's Comedian. The industry part of it wasn't about fixing finance. Let's replay a bit of the last few cycles. 2017 was selling the idea that rich people are rich because accredited investors already have money, can buy into IPOs and rip off the general public by flipping to them in subsequent rounds. ICOs being for unaccredited investors. That narrative got people betting on napkin math, whitepapers and founder narratives. Everyone's a VC. 2021 was yield farming. Far more complicated. So it degenerated into NFTs and animal coins. Some legit looking projects too, but Binance ran away with those and made walled garden, LARP versions to siphon financial support to the knockoffs and kept a lot of interesting projects on the ground. The NFTs were interesting but they quickly crossed from a way to use virtualized scarcity to solve for duplication issues in digitizing tradfi and economics to art jokes. 2025 calcified crypto as a shitcoin casino. We were back to www wild west types of degeneracy with people hard scamming, selling themselves in borderline criminal (sometimes criminal) ways. It was just BTC and a few platforms that made it easy for anyone to mint a meme coin. Unrelated to the Solana hell, we saw Polymarket rise as a killer app. 2025 made fighting for crypto's reputation impossible. So did 2021 with the animal coins and things like BAND vs LINK, PancakeSwap vs Uniswap, Venus Protocol vs AAVE. People forget, but 2021-2022 was when it went off the rails. There were legitimate looking projects rising from the ashes of 2017-2018. But the collective we went with spring breaker tier champagne popping at the knockoffs, NFTs and the meme coins. Crypto is not going to loudly revolutionize anything at this point. It is a tool to be worked with if its the right solution to emergent problems. We have digital gold, peer to peer gambling, turing complete ledgers, oracles to connect chains and offchains, etc. I'll point at individual technologies when they make sense to include in a solution. I'll hope the infrastructure and expertise are there to pick up the pieces if a finance catastrophe plays out. But I can't evangelize it without acknowledging a lot of bullshit in the past decade.

ihatearguingonline

It looks exactly like BTC in its early days. When a network is small it is more susceptible to speculation induced volatility. When the network grows it is much better at absorbing the volatility. KAS' only obstacle is time/understanding. It is better BTC. Monero and zcash also have their place

ihatearguingonline

It's not just "belief". Scarcity is hard coded into BTC and as long as there is consistent demand this will inevitably make it rise along with inflation. It's a fair unit of account that can't be artificially diluted by a politician's whims

ihatearguingonline

And stocks outperforming BTC recently doesn't mean shit. BTC is doing its job overall but of course money will flow around chasing the next best thing. Be patient and zoom out

ihatearguingonline

Sounds like you acknowledge crypto has utility so I don't know why you feel I was targeting you with the "limited understanding" bit 😂. You kind of outed yourself there. Price appreciation based on sound money principles (primarily scarcity) is a very important function. It's digital property rights. Huge for any country with bad inflation (every country, but especially more corrupt ones). You're right that BTC isn't used for much else other than SOV. KAS retains BTC's desirable qualities (scarcity, fair launch, security/decentralization through PoW), and combines them with next gen L1 capabilities (fast, low fees, and smart contract capabilities). I know people can't help but cringe whenever an alt is shilled but some will inevitably rise to the top and find market fit.

unknowngloomth

BTC got crushed by a boring stock like Nvidia and XOM for the last 5 years rois wise tho BTC got shilled by a president publicly. Anyways, people aren't using BTC for anything other than price appreciation. "Limited understanding" hahahaha. I hold BTC myself bought at 16k. But I just hold for the sake of making money and send money to a sanctioned country like Russia. But I swap BTC for Monero and use Monero for it as Monero is the only coin in the space which truly stuck with its crypto principles.

No-Confusion4519

I’d rebalance with new money first and only sell if BTC stays way above my limit after considering the tax hit.

DiamondHandsDarrell

What happened? It's all there. Via coinbase (not exclusively, but they're making it easy) you can get a BTC backed mortgage. If that isn't at least partially done I'd the success we wanted to see, then I don't know what it looks like. Too much dilution with other crypto to give confidence to every day people. If they don't trust in BTC they're not going to trust in anything else.

ihatearguingonline

You are projecting based on your limited understanding. That is a major motivating factor yes. But digital property rights could have a tremendously positive impact on the world. Inflation is a runaway train and essential utilities like housing are being overbought as a hedge against it. If people understand that fairly launched currencies like BTC and KAS are truly scarce and secure, they can divert property investments, dramatically lowering costs long term. Gold already does this to some degree but it has major accessibility and usability concerns compared to well designed cryptocurrencies. And yes degenerate gamblers will speculate on them, causing volatility. But as the networks mature the volatility gets absorbed. Look at what's already happened with BTC compared to most alts.

jongolfpro

This is ridiculous. This was not a spam or bot post but a legitimate question for Coinbase users and the BTC community.

unknowngloomth

That's because crypto is a scam. Except some coins like Monero. The rest is just a massive scam BTC included..

WizardBoy808

Large scale BTC trades are often done OTC (over the counter) with a 3rd party middle man

JimmySki6166

I retired from BTC, I know enough about it!

Lavayo

Again, I'm talking about BTC only. It's a monetary network with open source code. That's it. There is no back door, there is no hidden agenda. If anything it could be coopted by malicious players. It may normalize the use of digital payment, but that would happen too without BTC. It's near to impossible for the main chain just being "shut off" to push CBDCs. BTC is the antithesis to CBDCs no one that has hashpower in the BTC network has incentive to use them instead. And if they do, their place will be filled by others they want to stay with BTC. Users can chose which chain survives and make sure it does.

poop-dolla

I’m pretty sure these “incentives” that only exist in your head are only applicable to an ideal world where everyone acts the exact way you want them to act. In that world, why not just do away with currency all together and go full socialist? Anyway, over here in the real world, it just doesn’t work the way it does in your head. We don’t live in a utopia, and we won’t live in a utopia if all currencies besides BTC disappeared.

Imaginary_Sentence75

The ones refusing to sell off would probably interest me the most. If BTC and the rest of the sector are getting hit and something liquid keeps absorbing it without really breaking, there is clearly a reason sellers are not getting the reaction you would normally expect. I have started noticing that kind of relative strength more when looking through Moon too. The quiet chart can sometimes tell you more than the one already making the obvious move.

Curious_Play9741

This is probably the most correct answer, could be $1M, could be zero...coud be $BTC_3.6 quantum or something else.

poop-dolla

It’s really not hard to see how that would be the opposite of a large group of nodes shooting themselves in the foot. Let’s say a majority of nodes come together as a group and they collectively own X% of BTC. If they expect to collectively mine greater than X% of new BTC with the expanded supply, then they’d come out ahead financially. Now of course I don’t think that’s a likely thing to happen, but it’s a pretty easy concept to understand for how it could be beneficial to do for the nodes voting for it.

mickeyDisneyMouse

After 5 years in BTC I've realized that the key driver of price is actually just supply and demand and all the models are not really that good. If there is fear and people are not buying or are dumping (including long term holders selling like in this cycle), the prices will drop. If people are bullish and want to buy BTC in droves like they were pre-halving and with ETF launches, the prices will go up.

poop-dolla

> Bitcoin would end all war and conflict on this planet until the end of time. That’s now officially the craziest claim I’ve ever heard anyone make about BTC.

KeyPresent5929

Not allowing withdrawal could also mean they don’t have the real version of the underlying asset, ie. they have a paper version of the underlying asset, for example, an ETF. The paper version is phunny money, until it’s redeemed in kind. In effect, while your balance may say you have BTC, you don’t. It’s only paper or a journal entry.

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Post is by: Existing_Lock_3803 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1waspse/i_think_the_coins_that_refuse_to_move_are_more/ I’ve started keeping a small list of coins that should be moving but just aren’t. Not dead coins. Stuff with decent liquidity that normally reacts when BTC moves or when its sector starts running. If BTC has a strong day and one of them barely responds, I mark it. Same thing if everything sells off and one coin just sits there. I actually noticed this first while comparing a few names on Moon. The ones doing almost nothing ended up being more interesting than the obvious movers. What’s been interesting is the weak reactions have actually been more useful to me than the big candles. A coin ignoring a good market has saved me from a few longs, and one that refuses to dump while everything around it is getting smoked usually gets my attention pretty fast. I used to only look for confirmation through movement. Now I’m starting to think the lack of a reaction is sometimes the cleaner signal. *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.*

PsyOmega

1BTC is worth 1BTC One BTC is worth 1 in 21 millionths a global economy. Hope this helps.

HumbleLearner69

Never, BTC ans ETH holdings are partially being transferred to ZEC because of privacy and the limit supply

Fansyy

Hey, I've made a tool that explains BTC concepts here [here](https://wtfisbtc.lol) Check it out if u want :)

joethecrow23

I like BTC and gold. I like silver too.

HappyKick2706

Saving money that you need in 2 years in BTC is quite risky. Could double or could halve

absurdcriminality

Crypto has changed so much, and I feel like we aren't even aware of just how much. Taking out a loan using your BTC miner as collateral. Try saying that to someone 10 years ago lol

MrFlare2025

Mate it was down bad this morning. Dont be fooled by the dead cat bounce it will be back below 3c by the weekend just watch I've been in crypto sonce the beginning. Nothing touches BTC and ETH 

Late_Independent3100

I was in kaspa as well till I found SPX6900 and read about it , I believe this is the closest we can get to what BTC initially was , I am reading more about it and observing the community I believe this is something to look at .

motavader

It's only going to be that useful if it's integrated into all of the purchase chains such that you don't have to convert from BTC back into fiat. That includes stores and producers buying their goods in BTC at the same time. Right now so much is still dependent on purchasing in the US dollar. On top of that even those small BTC transactions are still subject to taxable events. We seriously need legislation that exempts smaller BTC purchases from those reporting requirements

CoinGate_Gift_Cards

The simplest mental model is: Bitcoin lives on the ledger, not in the wallet. The wallet stores the keys. Sending BTC means signing a transaction that changes which keys are allowed to spend specific amounts. Nodes verify it, miners confirm it, and the blockchain records the new ownership conditions

vlal97

What other asset is even close to BTCs price even in a bear? Zoom out dude, its a perpetual bull cycle. The price of BTC just depends how much money they print and send to markets which is highly manipulated. Also the OTC market doesnt affect price.

quintavious_danilo

ETH just like any other coin piggybacks on BTC‘s back. There might be weeks of over- or underperformance but overall it’s all pegged to BTC price movements. I wouldn’t expect a complete and continuous disconnect anytime soon. So, to answer your question: As soon as BTC decided to go into a full bull run, ETH is going to go towards 4k.

warmBlizzard20

Honestly, I think ETH needs its own narrative instead of just following BTC. If BTC keeps moving up, ETH usually gets a boost, but to really break and hold $4k I’d want to see stronger ETH ETF inflows, more demand for staking, and ETH starting to outperform BTC. If those things line up, $4k doesn’t seem crazy at all. The harder part is getting ETH to stay above it.

Careless-Key4926

honestly the simplest answer is usually the right one, but i feel like people are sleeping on the institutional side of this. the ETFs took a lot of supply off the market and it's still being absorbed, just slower now cause the initial hype died down. we need another big player to announce they're holding BTC on their balance sheet, that kind of news moves the needle fast in Brazil we had a bank start offering crypto custody last year and suddenly everyone's uncle was asking about it, the domino effect is real. regulatory clarity in the US would help too, like actual clear rules not just court cases but yeah the math is just more buyers than sellers at the end of the day

AlexiZephyrMage

Imagine the ledger as a stack of papers, each with information about a transaction and a stamp. Once added to this stack, pages can never be removed or edited. But the whole stack can be read by anyone, at any time. > Where is my Bitcoin actually stored before I send it? It is encoded in these pages. A list of who paid what to whom. > What exactly happens when I press “send”? You submit a new page to be added to the stack, pointing to previous page(s) that are already in the stack. > How does the network know that I’m allowed to spend it? > Who checks that the transaction is legitimate? Everyone in the room verifies that your stamp in the new page matches the ones in the other pages it references. If most agree that it is the exact same shape and color, your new page is accepted. > What actually changes on the blockchain? Your page is added to the top of this stack of papers. > And where does the 0.05 BTC “go” afterwards? Nowhere, it's still encoded in the information in the stack. Your stamp is no longer good for it, someone else's stamp is. --- This is not supposed to be a technical explanation, just a simple one, so it won't translate directly to blockchain terms.

Ryencoke

If that's what you gathered from that, you're a really stupid person. But judging by your responses and need for a top level post about it I am not shocked. Also, in the time that you since posted, it's now doing better than BTC is today.

KeenPhrasing

Leveraging BTC to buy more BTC is a conviction play. It is respected but it's not for everybody.

Ryencoke

As mentioned, it's all I really buy. It's more because people like you need to make a top-level post about it when it clearly doesn't affect you since you don't have any by the sounds of it. If it dumps, it dumps. If it goes up, it goes up. Do I think it's better than BTC? Yes. I for one hope it dumps again as I was enjoying buying in the 2.5-2.7 range.

Interesting-Ice72

BTC/ ICP / ETH /XRM/ CRCL-stock option

Aromatic-Yellow1100

Sounds like a risky move.  How about set yourself up to take advantage of the future dips and not potentially lose it all.  This is what Im doing.  Setup an account with River, setup a daily/weekly DCA purchase (no fees). I have a daily DCA that is set to fill in the middle of the night, no chance of me cancelling or fussing with it.  Also setup the "supercharge" function for buying more during dips when BTC is down on the 7 dma.  Mine is set at 300% of my normal daily purchase. 

xaviemb

Yes, the value in USD is only important from the context of exchange rate... not value. I actually have never exchanged Bitcoin for USD. I've only ever exchanged USD for Bitcoin... and I've exchanged BTC directly for something I want...

JuxtaposeLife

Possible, but incredibly unlikely based on how markets perceived this structure. Currently... Odds of BTC below $75k this Friday are under 10% Odds of it below $70k by this Friday are less than 2%

Interesting_Loss_907

Because 1) it would not be 3X more. You were forgetting all the feess, & 2) the potential chance of making more money comes at a very significant risk of losing it all. BTC is volatile, even in bull markets you have significant corrections along the way, just like you have sometimes upward market price action during bear markets.

JakRenden2

You never rebalance BTC. You rebalance everything else but never BTC

tenuousemphasis

If they don't report the 600 BTC as stolen, yes we can assume that is the agreement.

tenor_tymir

there is no second best. BTC does to my portfolio whatever it wants. If it keeps growing I doubt do shit to slow it down.

Feralz2

BTC is way oversold why would you take his advice now lmao

DigAccomplished8241

your low ltv is the part to protect this week. Keep enough room for a fast BTC drop around the macro evnts

jawanda

The sale would go to people looking to buy below the current market value. For a coin like BTC there's probably billions in resting long orders waiting to buy at a price below the current mark price. So you sell to the guy with the highest bid, but he only wants 1 BTC. Then you sell to the guy with the next highest bid, he wants 5, sweet! And on down through the book. You should ask Gemini to explain "order books" to you it'll give you a better understanding. There are other ways to buy and sell but this is how the price moves generally speaking.

Interesting_Loss_907

The subject of discussion was a huge amount (100,000 BTC worth many $Billions), so almost certainly OTC & almost certainly not all at once, for the simple reason it would be highly unlikely you’d have sufficient buying interest at once to absorb all that volume (hence why it would create a downward pressure on market price). This is all covered well in Economics 101, or any entry level economics course (supply-demand price charts) & could apply to any other assets or commodities.

LovelyDayHere

> At this point, people would be better off holding their BTC on an exchange, as it's the only viable scaling method Bitcoin has. Lies. Bitcoin scales, and it did since 2017. The working, scaling peer to peer electronic cash system is called BitcoinCash (BCH) and still doesn't require centralized solutions or L2's with further problems.

whisperedstate

Native Bitcoin cannot handle even close to the traffic required to even onboard 1% of the worlds population. And true L2s (rollups/zkp) are impossible on Bitcoin. At this point, people would be better off holding their BTC on an exchange, as it's the only viable scaling method Bitcoin has.

Budget-Fee804

Tried it with a hosting service about two years back and the margins were way thinner than I expected. Power costs and maintenance fees ate up most of what I thought would be profit, and when BTC dipped it got stressful fast. The convenience of not dealing with noise and heat was nice but you're still at the mercy of their uptime and whatever contract terms they spring on you. If you go this route make sure you understand every fee before signing anything.

Treesh_Jancy

BTC let's you own your freedom

thrwaway1614211

Again, scarcity without demand is completely meaningless. Just because there is a finite amount of BTC doesn't mean anything if people are not interested in it. > Each time a transaction happens on the BTC network, and minuscule amount is burned up. That's completely wrong, it's paid to the miners, not burnt up. maybe you should educate yourself before you invest heavily into something you dont understand