BTC

Electronic-Rate5497

I’m up 15k in the past month on BTC

HankScorpio2020

Comeback? The foolishness on this sub. BTC is just getting started.

Darkeyescry22

If they don’t pay it back because the price of BTC went down, do you care?

No_Community7021

I just realized there's no point holding other but BTC... like everything else is tied to it so in an eventual BTC crash everything would also crash... I'm hoping for max. on my other coins just to hodl BTC.

Jorsa9_2026

Por que venderías una parte? Esta en zona de mínimos. No pensaste en sacar un préstamo de lo que pensas en gastar poniendo muuucho colateral y cuando suba el precio pagás el prestamo con mucho menos BTC o incluso otros fondos?...

crustyrobots

lol are we really celebrating a standard culling of the overleveraged herd back to the same price as mid May? The desperation around here is real ("your comment is a buy signal", go for it boss, once the global bond mess goes into overdrive BTC will be sold into the ground like everything else)

Blade_Runner_69

15 day old account with zero karma lecturing people on BTC... Reddit never change 😂

noncommonGoodsense

https://studio.glassnode.com/charts/distribution.BalanceExchangesRelative?a=BTC Tracks the aggregate percentage and nominal volume of circulating Bitcoin held on centralized exchange addresses over time. https://www.chainalysis.com/blog/crypto-exchanges-on-chain-user-segmentation-guide/ Demonstrates that "late retail" (lower-balance, non-institutional accounts) makes up the vast majority of wallet users while holding tiny overall capital on-chain, with most retail liquidity remaining on-platform or interacting primarily via centralized off-ramps. https://www.chainalysis.com/blog/north-america-cryptocurrency-adoption/ Highlights that regional volume is overwhelmingly driven by centralized fiat exchange pairs and institutional/custodial execution rather than direct retail on-chain utility. But let’s be real. You are never going to read. If you were you would already know this. But whatever. 🤷‍♂️ Quick LLM summary: “Academic studies tracking retail crypto behavior (such as cross-market ICO and token analytics from institutions like the NBER and NIH) show that over **80% to 90% of retail token purchases** are flipped or traded purely on secondary markets for spot price gains long before any underlying utility or product is delivered or used.” “Global retail crypto surveys (e.g., PwC Strategy& reports) indicate that the primary motivations for retail crypto purchases are capital appreciation and high-variance upside (buying spot or derivatives to cash out in USD/fiat). Actual functional adoption—such as paying for goods, interacting with smart contracts, or using protocol features—accounts for a tiny single-digit fraction of total transaction volume.” “When a user buys Bitcoin or altcoins on standard centralized exchanges (Coinbase, Binance, Robinhood, Kraken), they do not hold private keys. They hold a database entry—an IOU or unsecured liability of the exchange.” “Industry liquid supply metrics (Glassnode, Chainalysis) consistently show that millions of Bitcoins and the vast majority of retail altcoin volume sit inside exchange-controlled hot and cold wallets.” “According to digital asset market share reports, centralized cryptocurrency exchanges account for the vast majority of consumer custody. While self-custody non-custodial wallet usage has grown among power users, the standard retail onboarding funnel remains almost entirely gated within custodial platforms where users never sign a transaction on-chain.” “for the typical participant, crypto functions simply as a high-volatility financial instrument traded on a broker's internal database to generate more fiat currency.” Now you can go do your own reading instead of asking me to provide the observable reality for you. Lazy bum.

Rav_3d

Good luck with that. If BTC was going to give up half its value, it would have reversed the huge move already. Instead, it consolidated in a tight range for 9 days and is surging higher on big volume today. When 83,200 is taken out, the path to new ATH will be clear.

PuttForDough

NFTs = Crypto = dumbest internet junk ever Crypto =\\= BTC

Fabulous_Turnover_22

That indeed would be fun to watch. Personally, I could see BTC chopping around 80k before rejecting and retracing back into the 60–65k range.

Queasy-Ride4291

Spend it on some coffee and groceries. Does Walmart accept BTC?

Justin7746

**BTC is never going back to the 40k–50k range now**

dontworrybehodl

Remember all the guys who say “omg, why did I sell at 200, 2000, 20000, and so on”!? don’t be that guy!! That being said, I think BTC is at some point of peak. Everyone knows it. Everyone who is interested owns some. So if the value goes up then mainly for its actual use case being a decentralized currency. So watch out for when there is high demand in using it. Not investing in it.

WildZookeepergame659

Congrats, you now have 0.25 BTC which is worth 0.25 BTC! Wow!!

bbatardo

Every cycle there is a bottom price people target that never quite hits. With that said, I still think there will be a substantial dip in October if the US Fed raises rates in Sept or Oct. My best guess is BTC heads to 55k-60k. We can see how dumb my guess is by the end of October.

Unlisted_User69420

FOR REAL! I started in 2021, every bonus, every tax refund, any time I got money for doing online surveys, side jobs, etc went into BTC on top of a monthly DCA. I’m at .7509 now, and didn’t even realize it til a few weeks ago

hodler1992

Sorry but where should I buy my BTC instead? Once bought you want to withdraw it to your hardware wallet (to obtain your keys) but if the broker doesn't want to let you withdraw - then it's called your own fault ?

mattriver

Depending on amount, definitely sell enough to pay off all credit cards if that applies to you. And maybe even ALL debt, if you’d still have a lot of BTC left over. But don’t start selling just to splurge. I’d recommend after doing the above keeping half of it in BTC, then invest 25% in buying your primary house, then put 20% into the S&P 500 or other good investments. Then use that remaining 5% to have fun.

Wilhelm540

That's a solid milestone. 0.25BTC may not sound huge to everyone, but building it gradually takes patience and consistency. The next challenge is protecting the habit that got you there

No_Community7021

Yo también pasaba mis propinas a BTC a través de ingreso en efectivo en una tarjeta de recarga y de repente me bloquearon la tarjeta. Me dije, pues me gasto las propinas y compro BTC con mi dinero del banco. Además tiré esa tarjeta basura y uso la tarjeta de débito de Krak, con dinero que transfiero ahí y los reembolsos en BTC mientras esté bajo.

Ashistrash121

1 full BTC is closer than you think. Just keep stacking

Derek6785

Congratulations! 🎉 0.25 BTC isn’t a small amount, so holding on to it to that level shows you’re very disciplined. 💪 Keep accumulating slowly—your next target is 0.5 BTC? Or should I get one to carry around for the long haul? 😊

PreferenceOk2716

Coldcard hacker swaps stolen Bitcoin for ETH via THORChain. What happens when stolen BTC gets moved through permissionless cross-chain infrastructure that nobody can simply freeze?

LucaRossi0

0.25 BTC used to be a side buy, now it's a life achievement. Keep stacking, next stop: 0.5 BTC!

arBettor

Grayscale also has their mini trust BTC with lower fees.

West-Albatross6774

The easiest place for me to start, and what really got me into crypto, is looking at different sects and their tech. See what they are attempting to do, accomplish, and see what you think about that. I was able to build very strong conviction into a few projects I really like this way. I recommend starting with BTC, ETH, RWAs, and Data/Privacy. Many different ways to bridge off from there.

Efficient_Range1156

Buy at 78k Buy at 49k Just buy it. BTC 1M coming to torment a sideliner near you!

ecky--ptang-zooboing

That's the point You can put any arbitrary BTC price in there if it's '57%' chance And even if they say '90% chance', it's still some arbitrary percentage that may or may not be correct

miner_guy_22

Unless you are buying in a tax advantaged account, buy real BTC. This at least give you the option to take custody without realizing a taxable event and has no annual fees. If you are just learning about Bitcoin I would also recommend withdrawing a very small amount and play around with some different wallets.

fattykyle2

My wife was clearing out my office about 2 years ago and tossed my Ledger into a bin. When I found it in the basement the screen was cracked and it did not work. It had on it 6BTC and 33ETH. At the time it was worth about $400k. I was horrified but I was able to buy a new one and recover it. The week between buying a new Ledger and using the recovery phrase was rough. A year ago (almost), I pulled half out and bought a vacation property. That home will eventually be my retirement home and I’ll sell our primary residence in 15ish years. It feels good to take one foot off the rollercoaster. Not telling you what to do by any means, but diversifying made me feel a lot better. Plus, I got to spend most of the summer at my lakehouse, enjoying the fruits of a 2014 hot tip.

Most-Club-254

I fucking hate these people who assume everyone in the world is living the way they are living and having access to the same services they have. I am from a country with a broken financial system, my wife is from a sanctioned country, I receive my salary in USDT, I exchange it for cash in both countries, I save the rest in BTC and some other select cryptos to re-use later. The counter argument > HoW mAnY sHoPs AcCePt CrYpTo? It doesn't matter, I exchange it for cash, there is a network of people I exchange with when P2P fails me. I didn't choose this.

BeGreatTodayOrNot

I sold 2000 BTC after it doubled. Thought I was a genius. I’m $5000 richer now! Ya, do the math. However, if it’s life changing money you could ostensibly move into traditional investment, you should. BTC still has no real intrinsic value and diversifying a once in a lifetime opportunity is wiser.

KateR_H0l1day

If it was enough, I’d definitely be planning on what I really wanted to buy, figure out the price, work backwards how much it would be. Then see how that compared to the BTC, but not at today’s prices, at $100K, $125K. It was less than half my BTC, I’d be looking to buy whatever it is in the not to distant future. And try and forget about the rest of it for much further down the line. Don’t be selling now, I think that’s something you’d really regret. Just some musings regarding the question from a random internet stranger 🤷‍♀️

Tall-Ad1293

I also checked my old 2011 hard drive yesterday. Found zero BTC, but 40GB of corrupted limewire viruses and a forgotten Skyrim save.

AdrianRamirez0

The Bull is currently at the bar, getting wasted with $100k BTC predictions.

Treesh_Jancy

Didn't they do this like 10 times already? They don't want to give them loans unless they stop buying BTC but that never stopped Bukele from continuing

chainglance_cm

The SEC and CFTC put out joint guidance back in March classifying a batch of assets, and Grayscale already runs ETPs on things like Solana, XRP, Dogecoin, and Chainlink without CLARITY even being law yet. So a chunk of the "money flows to large cap alts on regulatory clarity" thesis might already be priced in through administrative action rather than waiting on Congress. The part of the bill that actually looks undercooked right now is the DeFi framework, since that's been the murkiest area for institutions wanting exposure without SEC enforcement risk hanging over every protocol interaction. If that section survives the final text, DeFi governance tokens and the infra plays around compliant on-chain access (custody, KYC rails, oracles) feel like the bigger surprise winners compared to BTC or ETH, which already have their institutional pathway sorted through ETFs. Also worth flagging the bill still hasn't cleared the Senate floor, there's a procedural vote scheduled for the 15th when they're back from recess, so this is still an if, not a when.

chainglance_cm

You're not missing much, that tension is real. An ETF gets you price exposure only, no wallet, no keys, no actually holding the asset, which cuts against the whole self custody point of Bitcoin. But it does have real upsides. It sits in a normal brokerage account, can go inside an IRA, and taxes are simple since your broker just sends a 1099. GBTC's 1.5% annual fee is steep though compared to newer spot ETFs charging way less. Self custodied BTC has none of those fees but you're tracking your own cost basis across every wallet and exchange, which gets messy without tools like Koinly or Bitcoin.Tax (or Chain Glance if using DeFi) and you're also responsible for the safety of your assets. Basically comes down to owning the asset vs just owning its price.

ShittingOutPosts

BTC is highly divisible. Just like $1 is made up of 100 cents, 1 coin is made up of 100,000,000 satoshis.

greatday2020

Bitcoin-backed loans can work well if you want liquidity without selling your BTC, but the biggest risks are interest rates, LTV changes, and possible liquidation if Bitcoin drops. I’d compare the lender’s terms carefully and make sure the risks are clearly explained. CryptoPawn is another option worth comparing with lenders like Ledn, Arch, or Salt.

JustSidAround

Not touching spot right now but still trade the volatility on libertex with a spot BTC CFD, no overnight swap so holding through the chop doesnt bleed me on fees

AFBB_

It doesn't matter how many BTC there is, what matters is whether there is demand for it.

Cultural_External288

Yet another gift given freely to men by the BTC.

sylsau

**Bitcoin beat Wall Street at money. So Wall Street changed the game.** Now it wants the **keys**. BlackRock has reportedly processed **$5B+ in direct BTC → IBIT conversions**. Read that again: **These weren’t new investors buying Bitcoin.** These were **existing Bitcoin holders moving from direct ownership into Wall Street custody**. Same price exposure. Less sovereignty. No seed phrase. No multisig. No inheritance headache. No operational risk. And that convenience is winning. Bitcoin removed the trusted intermediary. Wall Street’s response? **Reintroduce the intermediary as a premium service.** The next Bitcoin war may not be about price. It may be about custody. **If Bitcoin becomes the world’s dominant monetary asset — but most of it sits behind a handful of regulated custodians — who really won?**

Business_Office_7978

You and ever other shit coin holder! I suggest u find some shitcoin subreddit and share it with them. Here we only care about BTC.

ArugulaPotential366

I also got to think about the future because when I'm at the age of retirement and BTC is all the way down, it's not something I'd want to sell so I see why diversification is also important

stormos

That story cannot be true as stated. In 2009 and early 2010, mining was solo: awarded 50 BTC for every valid block. You either found no block and earned 0 BTC, or found one and earned 50 BTC—not “about half a bitcoin.”

RammerRod

But BTC is meaningful to El Salvador. BTW, what's your net worth?

tenor_tymir

What do you mean by "How do I secure my BTC?"? They're protected by 24 words that are impossible to crack. The Cold Card fiasco was an isolated incident that highlighted the importance of independent security audits, bug bounty programs, and open source. Cold Card neglected these areas, and users suffered the consequences. A 24-word (or even 12-word) password is impossible to crack. Your BTC are safe. If you want to be extra cautious, you could use an additional passphrase, but I won't either. My 24 words provide sufficient protection.

coupl4nd

What's the difference with them doing it and the fact that 350,000 BTC are sold EVERY DAY... Oh no! Think about it the other way, 350k BTC are bought every day! Woo!

infernal_celery

Yes, but it’s not realistic to expect your fiat-based merchant to switch to a disintermediated Bitcoin payment system right now. A few reasons: (1) they can’t spend BTC, so they need fiat to pay their suppliers (etc) (2) business banking is already hard to procure, so adding direct BTC payments and making themselves “high AML risk” will likely cost them time and money (3) most merchants run on margins calculated in fiat, so price volatility of BTC against fiat is hard to solve for (4) there just aren’t that many bitcoiners in a lot of countries who actually want to spend BTC. So until adoption grows I’d say intermediaries are a fact of commerce. The good news is that these intermediaries are cheaper than most card processors.

read_more_comments

Don't forget fbtc. Fidelity does their own custody. Ibit uses Coinbase. Fidelity also allows you to buy and sell actual BTC, and you can transfer in and out of fidelity, so you aren't locked in.

Romanizer

They will do it again. The goal is 1 million BTC after all. Looks like that will be hit this or next year.

Fortune1111

Run away from memecoins and put your money on BTC, ETH, SOL, XRP, BNB and HYPE. Always remember to DCA. Please this is not a financial advise do your due diligence. DYOR

Crucco

These articles always conveniently omit some numbers. Either they say only how many BTCs were sold and how many were bought. Pure clickbait. Strategy in 2026 bought approximately 179,498 BTC at a price of $77,950 per coin, and sold 6,948 BTC at a price of $62,250.

Lefties_TheWorst7331

BTC

MakCapital

Last cycle, SOL did a 30x from bottom while paying up to 10% compounding APY along the way. Nothing came close while everyone complained about SOL or "no 🐂 for alts". There was. It happened on Solana. BTC, HYPE, SOL, HOOD, ETH. This bear is so easy even the noobs have hope. Winners couldn't be more clear.

Electric_Capybara

>Absolutely nooo onee in 2010 bought BTC with the intent that it would appreciate in value to what it is today Yeah. Everyone I know who who bought Bitcoin back then sold it a few years later and made a profit of a few hundred bucks.

Automatic-Target-492

Imagine not being all in on BTC and thinking you have unusually strong conviction

Hefty_Pressure_

DCA BTC and buy small bags of SOL in bear market (like 50 in total) so that you have at least smth to sell during bull mkt

lexicon_riot

Those things don't properly describe the cause of Bitcoin's value.  Bitcoin is valuable because it's money, those things make it good money. People using and adopting bitcoin as money is what fundamentally makes it valuable. For savings, payments, settlement, remittances, etc. The bigger the BTC economy gets, the more valuable it is.

Bongressman

Money didn't flow from BTC to ETH to SOL last cycle. It stayed with BTC and alts didn't do shit. So...

guiltypleasurexoxo

At first I focused way too much on price targets, now I think understanding why you're holding matters more, whether it's BTC or something like gamdom.

NMoney007

Worth remembering that El Salvador doesn't have its own currency — they've used the US dollar since 2001. No money printing, no monetary policy, no say in Fed decisions. The BTC buy is a way to own one reserve asset nobody else controls. Risky? Maybe Irrational? No. Also worth noting is how this investment has turned out so far \~7,760 BTC at an estimated average cost in the $45–56K range, currently worth about $600M — roughly $170M in unrealized profit.

Ill-Blacksmith3260

Do you know how the banking system works? Do you know how BTC works? If so then you know the answer.

jwheel888

Wrong. BTC will just become a holding while other faster networks take over. Currency as you know it is over. No more cash under your mattress

linuxmeaningfully

Buy BTC, not that fake shit. ETFs have fees

bestjaegerpilot

right now there's fear the stock market will overheat/collapse. Some peeps view BTC as a safe haven. The problem is that when that happens, liquidity tends to collapse so BTW with it. We'll see i guess

AutoModerator

Post is by: Bcom_Mod and the url/text [ ](https://goo.gl/GP6ppk)is: /r/bitcoin_com/comments/1w5sfev/the_imf_explicitly_ordered_el_salvador_to_stop/ [El Salvador's Bitcoin reserve just ticked up to 7,762 BTC](https://news.bitcoin.com/crypto-news/el-salvador-bitcoin-reserve-7762-btc/), and the interesting part isn't the number. It's that they're not supposed to be buying at all. Under a $1.4 billion financing agreement, the IMF explicitly asked El Salvador's public sector to halt Bitcoin accumulation. Bitcoin's legal-tender status was actually rolled back as part of that same deal. And yet the reserve keeps growing, one coin a day, roughly 1,600 added between January and April alone. Bukele's four-word summary of the strategy: "buying the dip, every day." His response to the IMF pressure: the country "will not sell." There's a genuine wrinkle here that cuts against the hero narrative. The IMF has said El Salvador confirmed it stopped public-sector buying, which raises a real question about where these coins are coming from. Some analysts think the daily "purchases" may partly be movements between state-owned wallets rather than fresh market buys, a bookkeeping shuffle that lets Bukele keep posting the "still stacking" flex without technically violating the deal in a way the IMF will fight over. If that's what's happening, the defiance is more theater than substance. But take it at face value, that they're actually still buying, and you have a sitting president using public funds to accumulate a volatile asset in direct tension with the terms of the bailout keeping his government financed. That's the fork, and it's a real one. **The bull case:** this is exactly the conviction Bitcoiners always said a nation-state would eventually show. Bukele is treating Bitcoin as a multi-decade sovereign reserve, dollar-cost averaging through every dip, ignoring short-term price and IMF hand-wringing alike, and betting that in ten years El Salvador looks visionary for buying while everyone else flinched. If BTC is what maximalists believe it is, a country mechanically stacking it regardless of price is doing the rational thing, and the IMF is the shortsighted party trying to stop them. **The bear case:** a small, debt-dependent country gambling with public money on an asset that dropped from $126K to the $60Ks this year, while the lender funding its budget explicitly told it to stop, is reckless governance dressed up as vision. The "will not sell" line sounds strong until a fiscal crisis forces the question. A sovereign reserve you can't touch without spooking the market and defying the IMF is not obviously an asset. It might be a trap with a flag on it. I lean toward it being a genuinely smart long-term bet executed with sketchy transparency, and the transparency problem is what should bother even the fans. If the daily buys are real, the strategy is defensible and probably looks great in a decade. But the murkiness about whether the purchases are actual market buys or wallet shuffles, and the willingness to obscure that to keep the narrative going, is the part that undercuts it. You can admire the conviction and still want to know whether the country is buying Bitcoin or just moving it between drawers and calling it a purchase. Bukele has earned the skepticism by making it hard to check. *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.*

defiCosmos

Join the Military. You don't have to worry about any of that shit. You could put your whole paycheck into BTC every 2 weeks becuase food and lodging is free. Get out after 4 years and file for disability. Free Healthcare and guaranteed check every month. All you need to do after that is find more ways to buy bitcoin. Your rent and monthly expenses are covered by your disability payment and loge a lot less stressful .

defiCosmos

Join the Military. You don't have to worry about any of that shit. You could put your whole paycheck into BTC every 2 weeks becuase food and lodging is free. Get out after 4 years and file for disability. Free Healthcare and guaranteed check every month. All you need to after that is find more ways to buy bitcoin.

No-Calligrapher255

Bitcoin does not print. New coins only appear when a block is found — about every ten minutes. That payment is the block reward. Treat that reward as water leaving a spout. In 2009 the spout was wide open: 50 bitcoin every block. That was a flood. Anyone standing under it got soaked. The white paper wrote one rule into the pipe: every 210,000 blocks (about four years) the reward is cut in half. That is the valve turning. It only turns one way. It never opens wider. How the flood became drips Read the image from top to bottom like a falling water level. • 2009 — 50 BTC. Flood. 100% of the original flow. No market price yet. • 2012 — 25 BTC. First close. 50% of the last reward. • 2016 — 12.5 BTC. Second close. Again 50% of the last one. Now only 25% • 2020 — 6.25 BTC. Third close.12.5% of genesis. • 2024 — 3.125 BTC. Now. A trickle. 50% of 2020, 6.25% of 2009. One-sixteenth the original water. • 2028 — 1.5625 BTC. Next close. Half of today’s trickle. A single falling drop. Every row after genesis says 50% under “% prior” because that is the only move the valve makes: cut the last flow in half. That is why a faucet is the right picture. A government can open a printing press. This spout cannot. Four turns already happened. The fifth is on the calendar. After enough turns the water does not stop in a day — it just becomes so thin it is a drip, then a drop, then almost nothing, until the 21 million cap is reached.

Lehcen

Been in BTC since 2017. im very satisfied with my stash. right now im focused on diversifying so I maxed out my FHSA TFSA RRSP and put money in my kids college fund all thanks to BTC gains. i'm all XEQT now. and will keep accumulating just that. when bull market ill sell half BTC and buy more XEQT. why? honestly im 45 and tired of the volatility, I just want something like 10% return and im happy plus the giant from BTC eventually.

Cryptizard

Yes there is. Theft of opportunity. If BTC hit maximum saturation (used by everyone) then each new person born is in the worst financial position of any person ever born before. In perpetuity.

Cryptizard

That is exactly backward. New money creation causes inflation, which benefits future generations and people who owe other people money. That is the entire reason we try to have small positive inflation. It hurts people who are sitting on big piles of cash, which is basically no one. I already explained to you why BTC hurts future generations. You just didn't engage with it. Consider that you buy 1 BTC today. Someone born 10 years from now never has that opportunity, and in the future when BTC (in your ideal scenario) is worth millions of dollars, they are stuck without that opportunity. You are rich for doing nothing, they are poor with no option to have ever gained anything.

Cryptizard

No, it's not. Because the demand for currency increases with more people, and the value of something is purely based on supply and demand. There is no intrinsic value ot anything. That is one of the things people don't think about with BTC. If we did ever adopt it massively, we would be robbing every future generation who doesn't have the opportunity to get in early enough on the investment. Each generation is permanently disadvantaged compared to the one before them.

longonbtc

u/unthocks, I know this comment will be quite long, but I’d encourage you to read it in its entirety, as I think you’ll find it both informative and educational. The bitcoinismoney subreddit is strictly for technically illiterate сultists that are very gullible and extremely susceptible to emotion driven psyops with no basis in technical reality. That subreddit is also the most censored cryptocurrency subreddit on all of Reddit. They have to keep the echo chamber really tightly controlled and insulated from outside perspectives. No facts are allowed and no wrong-think is allowed in that subreddit. The mods of that subreddit remove any comments that are posted by anyone that actually understands how Bitcoin works. They also ban anyone that actually understands how Bitcoin works. I'm sure that you have since been banned due to your wrong-think. Just be thankful that you were intelligent enough to see through the scam/misinformation/propaganda. If BIP-110 would have activated it would have proved that a witch hunt of technically illiterate сultists could force through consensus changes that have no basis in technical reality. When mandatory signalling began, only approximately 6% of nodes were running BIP-110. This was after bitcoin youtubers, bitcoin podcasters, and bitcoin influencers on social media spread nonstop propaganda and misinformation for a year saying everything they could in an attempt to get gullible bitcoiners to support BIP-110 and run it. This was three months after Luke forced everyone running the latest release of Knоts to run BIP-110. Still after all of that, only approximately 6% of nodes were running BIP-110. If BIP-110 would have activated, it would have proved that only 6% of nodes being run by people that own a negligible amount of bitcoins could force through consensus changes. It would have proved that a small minority of nodes could change the consensus rules through force. The people that created and spearheaded BIP-110 took pages right out of both Rоger vеr's playbook and Crаig Wrіght's playbook. Fortunately, Bitcoin is resilient to these attacks and they failed spectacularly. It was a stupid BIP and it failed to get consensus. And I'll explain several of the reasons that it was stupid below. BIP-110 would not have stopped spam. In fact, somebody already embedded the entire BIP-110 PDF inside of a BIP-110 compliant transaction. BIP-110 would have caused spammers to put spam in fake-pubkey P2WSH multisigs and other unprunable vectors which would result in permanent UTXO bloat instead of prunable OP_RETURNs, which increases node costs, slows sync times, and centralizes running a node. BIP-110 would have hurt node runners even more if it had activated as the spammers would have simply routed around the BIP-110 new consensus rules and put their spam directly in the UTXO set. The very thing BIP-110 set out to solve, it ironically would have made worse. Every new filter just shifts the attack vector to somewhere more harmful. The BIP solved nothing. It was a virtue signal to the lowest common denominator, gullible bitcoiners that don't understand how Bitcoin works from a technical aspect and that are easily manipulated by emotional narratives. These gullible bitcoiners don't even understand the difference between relay policy and consensus rules. BIP-110 would have broken scripting and scaling. It would have destroyed Eltoo, MAST, covenants, Ark, BitVM, channel factories, statechains, and almost every future L2. It would have disabled upgrade hooks. It would have frozen some existing UTXOs. It would have removed the foundation for Schnorr and Taproot efficiency gains. And to top it all off, it will not even have prevented spam. The clowns behind this BIP have literally stated that they will just keep rolling out more and more soft forks after BIP-110 was activated. They intended for this to be a never ending circus of soft forks breaking more and more stuff while trying to prevent something that can't be stopped. And even worse, spammers would still have been able to use fake pubkeys and things like Stamps or BPUB and we don't even have a good way to stop those. So we would have just maimed our own monetary scripting, all to ineffectively attempt to stop spam. Furthermore, BIP-110 would have introduced consensus-level filtering to block certain transaction patterns. Once you start letting a subset of devs or a small minority of node runners decide which valid, fee-paying transactions get rejected at the protocol level, you open the door to more selective rules later. Regulators, governments, or even future "well-meaning" groups will notice Bitcoin can be pressured into changes. Neutrality and permissionlessness are what makes Bitcoin antifragile. Break that, and you invite centralization creep, and that's a slippery slope to go down. Now as for Knоts, that is an altcoin node implementation now. Since you supported Knоts and you didn't expect this, you must not be very familiar with Knоts and the creator/dictator of Knоts who goes by the pseudonym Luke Dashjr. As for me, I fully expected this outcome. Bitcoin Knоts is a centralized node implementation where Luke is the one & only maintainer and where he is in full control of the entire project. Knоts is a centralized project where nobody merges pull requests on GitHub and Luke just pushes code changes directly to the master branch without any peer review. Since you are not very familiar with Knоts and how it's maintained, then I highly recommend you to watch [this video that goes into great detail about the developmental process of Knоts and how it's maintained.](https://www.youtube.com/watch?v=V0-xhy27FWE&t=980s) Knоts is maintained by one single individual that uses the pseudonym Luke Dashjr who is a power hungry authoritarian. He had 216+ BTC stolen from him due to his terrible security practices. He then insisted to the FBI that it was a Bitcoin Core developer that stole his bitcoins and he dоxxed a bunch of anonymous Bitcoin Core developers to the FBI. He has held a grudge against Bitcoin Core devs ever since. He abused his position as a Gentoo package maintainer to sneak blаcklists into Bitcoin Core that comes with Gentoo and to sneak filters that block porn sites into the Gentoo operating system. He is anti-freedom and anti-privacy. He says that privacy is only useful for criminals. He has a history of trying to censor any transactions that he deems to be sinful. He has said that he would sabotage Bitcoin if his bishop told him to. He is an authoritarian that loves the government and believes the government should use the law to force his religion on the population under the threat of imprisonment or death. What do you think he would do if the government told him to sabotage Bitcoin? I should also mention that he's been in direct contact with the FBI over the last few years. You can read more about Luke Dashjr here: https://old.reddit.com/r/Bitcoin/comments/1vkindj/luke_dashjr_is_insane/p2tooqn/

opbmedia

Sound money is something that is reliable and not easily reproduced. hence humans used sea shells, stones, metals, gold, etc. Because nothing is stronger than actual physical possession of something that is standardardized and easily tradeable. BTC has some but not all the characteristics of a good medium, in a post-fiat world. People will likely choose something more portable. and does not depend on electricity and internet. Remember power and communications is usually the first to break in crisis.

opbmedia

That increase the price amount, not the value it holds. If 1 BTC was worth $100k which is enough to buy let's say 10k bags of wheat, when currency hyperinflates to 100x, so now 1 BTC is worth $10m, but so is the price of wheat (because of inflation), there fore your 1 BTC is worth $10m and still buys 10k bags of wheat. Or less more than likely because hyperinflation hurts outputs.

Cryptizard

It's just not intended to be a currency, so comparing it to a currency doesn't make sense. The value fluctuates wildly. Compare it to other types of investments. The implication here is that if you have a choice between keeping your money in USD or in BTC, you should choose BTC because it has a fixed supply and will therefore hold or increase its value over time. But that's not the real choice. USD is a means of exchange, not an investment. It was never meant to hold value over time. That is why we have all these other things like bonds, stocks, mutual funds, CDs, etc.

moongb34n

How many BTC has been lost and will never be accessible again?

Cryptizard

This comparison doesn't make any sense. You can't use bitcoin as a day-to-day currency. It is simply not suited to that, due to extremely low transaction throughput and high fees. You can consider it an investment if you like. But in that case, the comparison is between BTC and securities, which also have a fixed cap.

Lefties_TheWorst7331

BTC > shitcoins

Armadillodillodillo

That self custody cannot be killed. Well if the tax rate is 0% on BTC ETFs, and Tax on BTC is 30%, apparently I'm picking ETFs. At this point if ETFs fail, it will not die, but it will be done for a long time in terms of fiat price.

Indian_IronMusk

I have this doubt for a long time.. like how companies dilute by issuing more shares when their share prices are high.. (more often nowadays) .. is there a possibility that they will change the algorithm (with consensus of miners, etc) and start mining more BTC.. seeing all things happening in the world nowadays, my mind is not ruling out anything even remotely possible… 😊

MakCapital

Core holdings besides BTC should now be HYPE, SOL, HOOD, ETH. HYPE has been an obvious leading choice. Massive number of wallets and trading platforms not only integrating, but the largest like Phantom soon launching their own markets on HL. With majority rev burn.. come on. Been a no brainer buy. Anyone's guess if ETH as private money or Solana as the best chain for users will grab more attention this bull. UNI performing completely depends on capturing RH + Base activity. Most of this activity will be on RH L2 anyway. They win no matter what protocols dominate their L2. They win even without their L2. This and AMM rev share to token holders is garbage. All to LPs. RH L2 trench activity will eventually rotate back to Solana, but this isn't going to stop RH. SOL/ETH much easier to predict once Solana can actually get a SOL value capture proposal passed. Critical, but they already have the users. Don't fade either yet. X in profile

Bronk33

I have lots of money in bitcoin, but your savings account is fine. BTC is high risk/high reward. We now return you to your local programming. If this has been an actual emergency, you would have been instructed where to tune in your local area for more information.

GrapefruitOwn6261

It’ll go back up again. BTC just had a massive move, so coming back down to test previous levels is completely normal and probably healthy. What we really need to see now is whether those previous levels hold as support.

GettingFasterDude

If 1000 BTC, I'd hold 1/3 in an ETF (FBTC or iBIT), 1/3 in Fidelity Crypto and 1/3 in cold storage (collaborative multisig).

AccomplishedTree9027

Always a good time to buy BTC

mvds74

And because some BTC are lost forever.

ir88ed

I'm buying a motorcycle when I turn 60 and doing a bunch of drugs. BTC is for the kids.

opbmedia

It is an economy when it is widely accepted as THE exchange medium. Tell me how many businesses are accepting BTC without regard to it's fiat price. Explain to me how btc is not used as another value store tied to its fiat value.

suuperfli

this post was regarding bitcoin, not shitcoins i never claimed that just scarcity makes a good money, there are multiple characteristics. here are some of the properties. a good starting point for some education: * **Scarcity** — 21M cap, enforced by consensus rules rather than by a producer's discretion. Gold's supply grows \~1.5%/yr and can respond to price; fiat has no cap at all. * **Durability** — it's information, not matter. No decay, no corrosion. Persists as long as the network does. * **Portability** — final settlement of any amount, anywhere, in minutes. Moving $10M of gold takes armored transport and days; moving $10M of BTC costs the same fee as moving $10. * **Divisibility** — 100M sats per coin, natively. Gold requires assay and minting to subdivide. * **Fungibility** — units are interchangeable at the protocol level * **Verifiability** — anyone can validate supply and authenticity with a full node on cheap hardware. Verifying gold requires trust or specialized equipment; verifying fiat's supply requires trusting the issuer. * **Censorship resistance / self-custody** — the property fiat and bank deposits lack entirely. Keys held means no counterparty can freeze or seize without physical access to you.

ExpressCopy8786

There is a very limited amount of dickbut coin and fartjug token... And while we're at it there is orders of magnitude less ass hair than there is BTC. That still doesn't make em valuable. Scarcity does not make an otherwise intrinsically worthless thing valuable.  BTC is a brand and a narrative. And it's driven by greed only. As soon as the brand loses appeal or the greed dies down because the mechanism faulters it is done. There is no book value. There is no floor. The floor is exactly the value of my ass hair. None.

drunnells

I hear what you are saying. If you take it even further - it's really 1s and 0s that need to be outlawed. Or maybe speaking, writing or thinking about creating a series of 1s and 0s in an unauthorized pattern. That would stop anyone from putting 1s and 0s into an order that results in something bad happening.. like a BTC transaction that moves BTC from one wallet to another without the right person's approval, or decoding 1s and 0s into images of bad things, or putting them in an order that results in a 3d representation of a gun that could be potentially 3d printed.

Awkward_Potential_

So your ISP is creating your own money?  Fine. I'll either find another ISP that accepts BTC (hmmm, Starlink holds it already), or I'll buy up some of your new money with my Bitcoin. 

scrub-muffin

The supply if fixed, the pie doesn't inflate or deflate. Your % is always your % no matter what it is priced in. Rich people give 0 shits about inflation because they own a tangible %, poor people don't. They own that % based in stocks, property, etc. The asset class of BTC is so small poor people can own a meaningful percent. Real Estate is the largest asset class so you are very diluted just buying a condo. The appeal of BTC is the smaller market cap, that may or may not last one way or the other. If power and internet go away, the least of your problems is BTC.

Due_Performer5094

If people move onto a BTC standard long term that removes the concentration long term from those close to the money supply. Instead the money goes to those who produce good services and products. The way an economy should be. Less about who you know and what interest rate you can borrow at and more about quality of product.