Reddit Posts
Anyone else feel like this 50% crash hits different than the last few?
Strategy Buys 1,550 Bitcoin, Expands Holdings to 845,256 BTC
Full 180 Saylor - Strategy bought 1,550 BTC for $101.3M. They now hold 845,256 BTC.
Are Bitcoin Treasury Companies Sustainable if BTC Prices Fall, or Does the Model Break Under Market Stress?
I just bought a little more BTC, plan for a bigger dip!
Strategy has acquired 1,550 BTC for $101 million.
How Does Michael Saylor Keep Buying Bitcoin Even When MSTR Stock Drops?
BTC dip hit different this time and I think I know why
ETH ETF Price Action: Standard "Sell the News" Chop or Early Accumulation?
Posted that I regret buying BCH a few years ago, BCH mods removed immediately... Seems unreasonable, can't we question?
Why BTC Price Fell 20% This Week: Inside Bitcoin’s Steepest Weekly Decline Since Late 2025
If you’re first thought is to sell instead of buying, you should just sell and leave
BTC is down 50% from its ATH and Michael Saylor just posted his "add more dots" chart again.
BTC is down 50% from its ATH and Michael Saylor just posted his "add more dots" chart again.
Sold 2 BTC and bought $LIT: due diligence
BlackRock buys $33 mln Bitcoin: Why the timing looks almost too perfect
The market feels a lot more like crypto again and a lot less like the end of the world. 😄
What are the advantages of BTC and Crypto vs Fiat Currency?
Friend asked me if I’m buying here. Pressure test this market thesis. Probably wrong
Changelly holding $112,389 of my BTC for 8 months via Exodus swap. Just got another stall reply.
If you had to bet on ONE Altcoin for a 10x in the 2028\2029 bull run, which one would you choose and why?
Growing interest in productive Bitcoin strategies.
Just one of the other times when it was all over. June 11th 2011. BTC was around $25.
How much BTC would make you feel financially free?
Bitcoin is testing $60K right now but historically this is exactly where the next big run starts
MicroStrategy Just Sold Bitcoin for the First Time Since 2022 , And the Market Is Panicking
Highly Sophisticated Fraud Emails from @kraken.com domain, BTC stolen, Kraken takes zero responsibility
Crypto fear at 12 while stocks rotated into healthcare and defensives. Is this divergence a buying signal or a warning?
QUB Core & Library: A PoW blockchain with a censorship-resistant "Library" in consensus
Breaking down the June selloff: record ETF outflows, $1.7B liquidated, fear maxed — how much of this is actually structural vs. mechanical?
$HIVE, $BTC & ETH/BTC Technical Analysis - 07.06.2026
The god of K-line himself, BTC to the moon soon🤩
NY Court Pauses Default Judgment After Lawyer Argues 39,069 Bitcoin Wallets Were Not Abandoned
Bitcoin Sell-off Theory Points to Spacex, OpenAI, Anthropic IPO Mania Draining Crypto Cash
Why I Think IPO Money Eventually Flows Into Bitcoin
What do you think MSTR filings will show come Monday?
BTC is going to around 48000 in 1.5 weeks and no one seems to be knowing it
Your friend who thinks BTC will be $1M next time:
How long will it take to see BTC back at 90k+?
“Abandoned” 2011 Bitcoin Wallet Moves 35.55 BTC After Noah Doe Lawsuit Notice
Shall I buy BTC now or wait for more days?
ETH getting weekend attention is useful, but liquidity is the part I would not ignore
Are people losing interest for Btc ? And is it that bad ?
Bitcoin's Options Market Still Looks Nervous
Michael Saylor Sees 4 Bitcoin Ideologies Testing BTC’s Future
Figured I was done buying ETH. This drop has made me start back up again.
Fear & Greed is down at 12 with BTC in the low 60s. How's everyone holding up?
Strategy sold Bitcoin for the first time in about 4 years
Is it worth waiting until October to try and buy BTC below $38k, or is it better to buy now below $65k?
Small home-services business owner — what’s the least painful way to actually accept Bitcoin from customers in 2026?
The MOST hated crypto by this community has been THE most resilient.
Serious Answers: why is crypto falling?
Thank you for the cheap BTC and SOL, please freak out more if you can
Binance Lite vs Binance Pro for instant BTC purchases (already have funds deposited) – which has the lower spread?
What’s the reasoning behind the “early vs. late” Bitcoin debate?
Bitcoin Is Literally Perfect. Any Evidence to the Contrary Is Bullish
Coinbase India users: Be careful. I made a mistake, but Coinbase’s recovery process has left me stuck with no resolution.
Mentions
Difference would be that’s actually used by major governments and businesses daily - Bitcoin not so much to be blunt. And I hold BTC but just realistic
If BTC is cash every good is.
Now imagine he sells 33 BTC…
How does selling 32 BTC affect the market by 15%, but buying 42x that amount only boosts it ~5%? Thinking that they are the reason the price dropped is impressive. You give them way too much credit...All of the changes are pretty normal swings for bitcoin, and the fact that buying 1500 only resulted in ~5% change at most shows that it isn't exactly being manipulated.
the power law chart doesn't show what the next peak or bottom will be, only what the max ranges for each are. just because BTC didn't reach the upper bounds of the power law doesn't mean the model is broken--it's not supposed to spot peaks or bottoms just the range price will oscillate around the median. and while btc price is a supply/demand mechanic, there are structural variables that affect it differently than equities--ie adoption, node network, population, access to bitcoin, etc. bitcon's price movement is a natural process, the stock market is exponential.
Assuming BTC is 250k in that timeframe requires legislation, and a quadrupling of GPD globally. This will not happen.
And yet, most people who ever owned BTC used an even worse one.
Nobody cares about your little BTC transactions. The chain has an absurdly low transaction per second limit, extremely high cost to run the network and no safeguards wrt theft or fraud. Archaic protocol that has no functional use, purely speculative.
He sold BTC just to manipulate the Polymarket
Can someone actually explain to me why this is a good sign in any way? He has to keep buying or the game is over. I guess it makes more good YouTube crypto click bait to analyze this... if he stops buying, the price continues to crater and the whole thing crashes fast. This is just what he has to do and people are acting like its some sort of "ha gotcha" to skeptics. Beyond that, thinking this proven fraudster has created an infinite money glitch is just astounding to me. And why he needs a private plane and bloated exec team to trade BTC is wild.
The term ranging is the enemy of those seeking capital growth regardless of the asset class. I sold most of my BTC as it was ranging before it started to decline. The money has done far better in specific stock trades
Yeah can't believe Saylor bought all their BTC at 120k! What a dummy...
For me its the only legal way I can get BTC exposure on not taxable account
Microstrategys investment thesis is running larger and larger funding rounds of convertible debt to then purchase BTC so that previous investors holdings represent more BTC per share over time. The only way this continues is if microstrategy is able to access more and ever increasing pools of debt to fund their purchases of Bitcoin. But sure, it's not a ponzi scheme.
I think pushing the message of not identifying Bitcoin with the people pushing Bitcoin is a good one. There is a long line of scoundrels that have latched on to BTC knowing that it will give them an in with the base. We all need to remember Bitcoin is for everyone.
MSTR doesn't DCA.. that is completely false. They often buy larger amounts when price is high because their assets (BTC) is worth more, therefore allowing them to borrow more money for BTC when it's price is higher.. they don't DCA a fixed amount all year, no.
Yeah you said anymore, why would you have bought strategy before now if you weren’t looking to get exposure to BTC. I’m saying if you were buying Strategy before you were dumb, which clearly you lack reading comprehension.
Yes, 3k... BTC was above 3k during the pandemic meltdown, before Saylor was even a thing in the space. But yes, Saylor is LITERALLY the only thing... bla bla bla.
Post is by: Parcon1702 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/btc/comments/1u0b7m4/saylor/ Saylor verkauft für 2.5 Millionen BTC bei 77 k und alle bekommen Angst. Eine Woche später kauft er für 100 Millionen, also das 40 fache, bei 65k. Das war ein Test von Saylor. Jetzt weiß er was zu tun ist wenn er billig BTC kaufen möchte. Kann uns nicht passieren. \#SPX6900 *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.*
I don't think it will be catastrophic because the banks *should* be appropriately hedged by shorting a corresponding amount of BTC. MSTR will get slowly bled to death by the interest payments and eventually have to start unwinding BTC over time and/or directly diluting shareholders. But the dilution hasn't happened yet and won't happen for a while, which is what I think confuses a lot of people who have bought into this model.
Sure, and gold's market is 30x bigger and 382x older so it's a much more established store of value. It is by far the most scarce desirable asset. You can still draw parallels nonetheless. Namely that the US could sell all their gold reserves and the market would plummet. Or they can manipulate the gold market just as much as Strategy can with Bitcoin. The major difference is you cannot mine BTC any quicker whereas new gold deposits and also drop the market. Gold supply is very elastic -- if the price goes up then so does mining to compensate. There's no difficulty adjustment like BTC. If gold goes to $20k/oz, dormant mines reopen, exploration explodes, marginal deposits become economical, technology improves recovery rates, etc. Bitcoin is different, whether the price is $10k or $100k or $1m, the issuance schedule doesn't change. Tik tok, the next block still produces the same amount of Bitcoin.
Can someone explain why he had to sell 32BTC only to go around and buy 1550?
But surely that get means MSTR is getting loaded with increasing risk and that failure with be catastrophic if BTC tanks even more.
It’s not that the timing looks perfect… it’s merely that institutional investors don’t act like idiots (unlike most retail investors). They sold to maximize capital when the downtrend became obvious and saved that capital to buy back in at the bottom. This means 537 free BTC, a lower average price, plus a significant amount of freed up cash which can be utilized to invest in other things such as the big upcoming IPOs. It’s the same thing people say to do literally every dip. Financial institutions actually follow best practices which leads to capital accumulation while the average crypto-bro follows emotion which leads to capital losses.
Your coworker should not know that you have BTC. Tell him you sold.
Who said I was looking to get exposure to BTC?
Free ride to 69K BTC retest
No one actually answered the question correctly. The reason is that they are using a convertible bond structure that apparently nobody understands. The are issued a special kind of bond over and over to get leverage that has the option (but not the obligation) to be converted into stock in future. For the creditors, they have the upside of stock, but the downside risk of bonds, *and* they collect interest in the meantime while they wait. This is how MSTR gets these low interest rate loans. Dilution will only happen if the stock price is high enough that it makes sense for the creditors to dilute the share holders. The banks that have given these loans are basically in a win-win situation where their bonds have low downside risk and high upside potential. They short BTC in some ratio to offset their convertible bond and basically just sit back and collect interest in a no risk situation.
So, selling 32 BTC didn't kill bitcoin?😄
You shouldn’t have been in the first place if you’re looking to get exposure to BTC just buy the underlying asset
Who cares? The real question is whether BTC will outperform the sectors benefiting from the AI boom. Over the last five years, Bitcoin has failed to outperform the Nasdaq.
There are plenty of ways to get BTC exposure yourself without self custody. There are now regulated ETFs, CBOE futures, etc. I'm thoroughly puzzled why anybody would pay a premium for MSTR stock, but apparently lots do.
Love how everyone lost their minds over a 32 BTC sale and now he's stacking 50x that. The "never be a net seller" thesis is playing out exactly like he said it would — rotate MSTR equity into more BTC at better ratios. Not a bad playbook if you've got the conviction to stomach the volatility along the way.
>This is not really about whether 32 BTC matters. They did not need to sell to pay dividends and MSTR increased their fiat holdings to 80 million on hand as well as buying another 1,550 BTC This is his explanation why they sold a little : https://x.com/AlexesNakamoto/status/2061456930736951806 If Bitcoin can’t be sold, critics say it has no value. • If it has no value, the balance sheet value is zero. • If the balance sheet value is zero, credit rating agencies ignore it. • So you sell a tiny appreciated portion to prove Bitcoin is liquid, valuable, and real. What may confuse some is they might wonder why they needed to prove this when much better tests of liquidity proved how liquid Bitcoin is like when Germany made the foolish decision to sell 54,000 Bitcoins (BTC) at $57,900 in July 2024 for around 3 billion dollars . The answer is that they were not proving Bitcoin as an asset was liquid but creating a precedent that Strategy would be willing to sell to insure investors can always be paid a divided if needed and to insure credit rating agencies consider the value of their BTC holdings
Which is exactly why he did it -- to slowly desensitize the market to Strategy selling BTC. After all, they have a fiduciary duty to their shareholders to increase value which nautrally means sometimes selling Bitcoin. If everyone making a big deal out of it just went and watched their last earnings call, I'd say 90% would change their tune.
If you can bet on someone to always buy the dip, it's Saylor. The question is how long he'll carry on. The recent sales should be concerning for anyone in MSTR. Personally, I think it'd be better for the BTC ecosystem as a whole if MSTR and Saylor wouldn't be in the picture
And one year ago it was 120k. Don’t be so selective on your timeframe. No one knows what comes next… probably that which most people believe to happen (aka weak Nakamoto consensus, also used by BTC)
Bitcoin relies on miners. The cost of energy is soaring which lowers the profitability of BTC miners. Which it is right now that a critical level. If it dips further and miners can no longer take the impact (or if energy costs get higher) the network is dead and you will see a free fall
Ok but why did he sell the 32 BTC. its a bad look
If that's their strategy, it's a 50-IQ strategy because they paid more this time. The price ratio of BTC/MSTR **decreased**, so they were able to buy **LESS BTC** than before their BTC sale. **June 1 8-K SEC Filing**: * Sold 0.802M MSTR for $128.3 at $160.0/share * Sold 32 BTC for $2.5M at $77.1k/ea Price Ratio: BTC/MSTR was 482 **June 8th 8-K SEC Filing**: * Sold 1.41M MSTR for $181M at $128/share * Bought 1550 BTC for $101M at $65.3k/ea Price Ratio: BTC/MSTR was 510
Just to be clear, the price ratio of BTC/MSTR **decreased**, so they were able to buy **LESS BTC** than before their BTC sale. **June 1 8-K SEC Filing**: * Sold 0.802M MSTR for $128.3 at $160.0/share * Sold 32 BTC for $2.5M at $77.1k/ea Price Ratio: BTC/MSTR is 482 **June 8th 8-K SEC Filing**: * Sold 1.41M MSTR for $181M at $128/share * Bought 1550 BTC for $101M at $65.3k/ea Price Ratio: BTC/MSTR is 510
If that's how the market wants to react, good in Saylor to seize the opportunity to buy more cheap BTC 🤷
BTC hasn't followed the US stock market for a while though. Stock market has been hitting ATHs and BTC has barely moved still sitting almost 50% down on the year. That is why people are frustrated and eager to assign false narratives like MSTR selling 32 BTC causing a crash.
Coworker that got into BTC last October is excited for the spacex IPO now. Did not ask him if he held the BTC but I have my suspicions.
I don't sell BTC... But if I did.... It would be the last quarter of year three.
Surely you have to factor in just how much demand these purchases are holding up the price of BTC. You should be getting a huge premium
The chop is standard accumulation behaviour. If you look at spot exchange reserves for ETH over the last 48 hours, there's been a net outflow to cold wallets, which tells you that spot buyers are absorbing supply despite the stagnant price. The best way to cut through this noise is to track the Z-score of exchange net flows alongside the perp funding rates. I built a tracking dashboard called [AlphaSignal](https://alphasignal.digital/) to monitor these metrics in real-time. If spot reserves keep dropping while perps remain neutral-to-negative, it's usually the precursor to a massive squeeze once BTC consolidation clears out.
would be great if we could live in BTC and drive BTC
Just like Trump, just because you spew this nonsense doesn’t mean it’s true. Bitcoin could be $0 in 2-3 years or $250k. Nobody knows. But I’d argue $0 (or close) is more likely than $250k. And I’m long BTC.
Everyone panicked over a tiny 32 BTC sale only for him to buy 50x more a week later
Nothing wrong with borrowing against your BTC. Just use a sane LTV so you don’t get liquidated. For example, if you have 100k of BTC that you use as collateral for a 20k loan, you’re pretty much certainly not getting liquidated
He can borrow essentially unlimited money with his almost 1 million BTC as collateral. Same principle how Musk can go into infinite debt with his stock as collateral.
Know not to freak out Strategy sells .00004% of its BTC, when they had already cleared signaled a plan to so, and the reason.
No. BlackRock manages a BTC ETF. It is not BlackRock money that owns that ETF.
I went through my budget, restructured it and now I’m able to double my BTC purchases each week. Do the same.
Why do people not just buy BTC themselves instead of from this clowns shares
Watching a plant grow is the same thing as watching BTC grow over the cycles
This guy owns too much BTC
> At the time I believed I was sending funds to another account > I am trying to figure out if an account of mine The word "account" means nothing in the context of bitcoin. > Screenshot_2015-09-28-15-43-22.png - Transaction? 3:43pm > Screenshot_2015-09-28-16-08-50.png - Bitcoin request page? 4:08pm > Screenshot 2026-06-08 142403.png - My transaction on the bitcoin account I sent the BTC 3:38pm Are you under the impression that you posted images? Are you a human, or a bot?
Doesnt Blackrock already own more BTC than he does in far less time? They just dont get the same kind of headlines.
Well the bottom of the pyramid says BTC and the top of the pyramid says Convert, so in the end itll be 4 or 5 depending on what convert means MSTR STRD STRK STRF
it’s not a bold move at all. dude has stayed buying BTC at any price point for years. it’s the safest, most logical play
This is the way to do it. I get the “not your keys” argument; but this is a relatively safe and inexpensive way to gain BTC exposure with taxed advantaged account, or brokerage with the option to tax harvest if needed. I trust IBIT or FBTC more than I trust myself holding“keys” or remembering passwords, or trusting an exchange.
The headline I saw they seized some stablecoin. Which is known to be freezable. BTC was not mentioned.
Anyone who thinks this guy is good for BTC/crypto = crazy
I used a very scientific system, do I buy more crap or a tiny bit more BTC? Sorry crap.
I have held bitcoin since 2014, so I have seen a bit. I have also sold on relative highs, even now wishing I had not. Oh well. Deep dips and bear markets are never fun, mainly because your immediate surroundings will emphasize how right they weer for being sceptical. I keep my stress levels down by rationalizing: my DCA is yielding more BTC, and building a nice stack is cheaper/easier. Having a DCA in itself gives peace of mind.
There's absolutely a legal risk to market manipulation...insider trading etc. but companies get away with it constantly, especially if they pay off the right people ahead of time, or just simply have those regulators in their pockets. Look at the large institutional withdrawal that caused the recent BTC slide from 110-->60K, it was all BTC institutional holders like Coinbase, Kraken, Binance who pulled out on the same exact day and caused the price to drop. I'm not saying I think the guy above me is correct in his assumption that MSTR is a problem and they're going to manipulate the price of bitcoin and profit off of shorting it(in fact I think that this would fly in the face of all their marketing/PR about BTC. If they did this it would be their final coup de grace in the crypto market and Saylor would run off to another country and bribe their leaders to offer him safe haven or some BS like that, would be a massive news event that would likely destroy a massive amount of faith in BTC. Just highly unlikely sequence of events tbh. I was clarifying what he was trying to say for those who didn't understand it.
Very. River operates on a 100% proof of reserves model unlike some exchanges. Their current proof of BTC reserves is at over 25,000 BTC. For normal folks and normal orders, that’s plenty to ensure instant ordering.
Definitely, BTC is on sale rn. Just invested my previous month's entire salary into BTC. And HODLing
I built a lightgbm BTC prediction model who need it message me it's free
> use as a currency is laughable This is actually the first and still the most relevant use case. In this crazy corrupted world a sound p2p monetary system would be a breath of fresh air. Which is exactly the reason why BTC got crippled and took the whole space with it. But the genie is out of the bottle. XMR or BCH will take that torch to the finish line so people can enjoy better money.
He sold to cover cash obligations required for the preferred shares. Anything else is window dressing. After selling $2.3 million of BTC he dropping his market cap by $8 billion.
Yup it's super risky. It sounds good when BTC is rising and you think it's not gonna crash. So many people with good BTC channels on YouTube etc push for this "borrowing against your BTC" so you don't have to sell type content. I would never borrow against it.
He sells 32 BTC. The whole world panics and sells. Only for him to buy back at lower price 1,518 more. As long as investors remain emotional, the rich will always stay rich.
Price is not higher, actually in the last week BTC lost 11%, MSTR lost 19% and its shareholders have been diluted as usual.
They paid with shares and they overpay. It would be cheaper for them to do when BTC price (in USD) was higher. BTC/share is also down by around 400 sats
Man if selling 32 BTC moved the market down 15%, I can’t imagine what buying 50x that will do /s
Michael Saylor bought more BTC fucking legend . Made ppl panic sell then scoop up their BTC for cheap pushing the price higher….. fucking legend .
The problem is that there is not infinite money in the world. In order for crypto to keep hitting 2-3x previous highs, you need exponentially more money entering the market. The American institutional money in the market right now (currently exiting) is as big as it gets. There is no bigger fish. There is nobody left to push it much higher. And even a dramatic reduction in supply wouldn't be enough to sustain these historical patterns. IMO, I think the patterns will continue on a smaller scale. But I don't see BTC hitting 250k, then 500k the next cycle, etc. There's just not enough money in the world to sustain that.
Interestingly, technical analysis of BTC is like using a magic ball.
See him when all BTC gets bought out and the big dumpage starts
People acting like the price going down isn’t bringing a lot of rich eyeballs on Bitcoin… For every person panicking with their 5/10% allocation, there is a rich mfer frothing at the mouth at the idea of buying cheap BTC. You get in on BTC at the price that you deserve.
b\*\*\*\*s gonna b\*\*\*h, real men get a nexo loan and buy more BTC
I’ve made thousands on BTC over the years. For stocks you can hold, BTC can go from 50k to 120k to 50k in 1 year
I do sometimes wonder if the shake out of the collapse of BTC as "a store of value" and the realization that for a currency to be useful it has to have actual utilisation and not just speculation will apply more focus on BCH. But I know nothing, grain of salt.
Selling BTC to have capital on hand for SpaceX is not panic selling.
And if you bought BTC in 2022 you’d have been up 700% near the end of 2025.
Bro you want to promote BTC and an healthy lifestyle at the same time? That's an awesome idea!
Fair point on DCA, not disagreeing there and not saying every coin I have is BTC. But borrowing against something you already own is different from going into debt to buy more, it's closer to a home equity loan than a credit card. not leveraging up, just not being forced to sell at the worst possible time
Altcoins, I assume? Can you tell us what you've bought? Buying during covid would've created some nice profits during the last years (BTC and some alts)
Put that $15k into an exchange like River and set some limit orders below current prices. Set up recurring DCA with them in the meantime and earn BTC as interest on your $15k savings. If your limit orders execute due to a significant dip into the $40k’s, great, you just entered in at a great price and have lowered your cost basis significantly. If it doesn’t then you still have your savings all the while earning some extra BTC in this bear market as you should.
You're asking the right question and your BTC dominance observation is the genuine tell. Current data confirms it's chop, not accumulation: * ETH/BTC at 0.0283 (10-month low) * BTC.D still at 56% — hasn't peaked, no rotation possible * ETH ETFs on a record 17-day outflow streak * BTC ETFs also bleeding (13-day streak, $4.3B out) This is broad risk-off where ETH is the higher-beta loser, not the start of rotation. Real question for you: what's your conviction trigger? Because "Glamsterdam pumps ETH" and "ETF flows flip after Glamsterdam" are very different bets with very different sizing. Knowing which one you're playing changes the trade.
if your goal is just USDT → BTC: instant swap platforms exist (non-custodial), but you’re paying for convenience + spread CEXs are cheaper, but custodial there’s no free lunch
Long gone is the time that Bitcoin was being used like Satoshi and other CyberPunks designed for. For example the guy that bought pizza with BTC. The idea behind BTC was for the people to regain control of their money, no banks, no middlemans. A Wallet, Private Key and a Public Key and we would use it as currency, attached with Blockchain that prevents data manipulation on a certain level, such as updates that would create a safe eco system. But then, everything changed…. Big players came along, exchanges surged almost everyday, a middleman was installed and the whole purpose changed. Now a group of whales controls almost all BTC and we are just little fish on a “manipulated” market.
Yep. Had a buy order for each 10k range, 80k, 70k, 60k & 50k range. I also have an order for 1 BTC at 40k, but I don't think we'll hit it. If it goes above 95k I'll drop that 40k order and reallocate.
Hi! Everyone raves about Binance, but there’s a 24-hour delay, so I wouldn’t really recommend it. Plus, sometimes sellers hold up payments because of attempts to scam them out of a few cents, so overall, I don’t really recommend it. My advice is to just swap USDT for BTC: [Simpleswap.io](http://Simpleswap.io) [Thorchain.org](http://Thorchain.org) [fkswap.finance](http://fkswap.finance) [ff.io](http://ff.io)
The funny thing is a lot of people I know got into crypto because friends kept saying "not your keys, not your coins," and then acted like every CEX was guaranteed to implode. Reality is a bit more nuanced. If your goal is simply turning USDT into BTC, there are definitely ways to do it, but I'd focus more on understanding the tradeoffs than avoiding something just because of horror stories. Most of us learned that crypto gets a lot less stressful once you stop treating every platform as either completely safe or completely evil.