BTC

Embarrassed_Sort6828

That L11 detail changes the revenue comparison. The L11 uses Scrypt, while the BTC hashprice figures earlier in this thread are for SHA-256 hardware. [BITMAIN's algorithm guide](https://support.bitmain.com/hc/en-us/articles/4414648885273-Algorithms-and-Corresponding-ANTMINERs) separates those algorithms. If your pool pays BTC after converting Scrypt earnings, that payment doesn't make it direct Bitcoin mining. Which pool are you using, and is the $5 the value of mined rewards or the BTC actually credited after conversion and fees? That distinction would help people compare your solar setup without applying the wrong network's revenue estimate. Disclosure: I work with JingleMining.

Narrow_Comparison_58

This is my ledger summary from 28 Feb 2026 to 21 August 2026, based on the BTC price as of 30 Ot 2026 where I still have some net profit during the price drop caused by Binance 6B hack recently. | Value | Metric / Description | | :--- | :--- | | \*\*$23,091.17\*\* | \*\*Grand total cost\*\* | | $23,000.00 | Total BTC cost | | $91.17 | Total platform fees | | | | | | | | | | | \*\*0.308615\*\* | \*\*Current BTC balance\*\* | | $23,801.34 | Current asset value | | | | | | | | | | | \*\*0.362615\*\* | \*\*Total BTC purchased\*\* | | $63,679.62 | Avg purchase price | | $77,123.13 | Current BTC price | | | | | | | | | | | \*\*$4,629.81\*\* | \*\*Total net profit\*\* | | $710.17 | Net profit unrealized | | $3,919.64 | Net profit realized |

Fluid_Garden8512

>so the halving is behind us now and everyone waiting for the moon but the chart just going sideways like a sleepy cat BTC went from $15.7K at the previous bear market bottom to over $125K. It was around $64K at the April 2024 halving and nearly doubled after that. That's quite a run for a sleepy cat

0a0d0s0

Agreed on both. The duration part is actually built in: lean months always come as one stretch, starting when BTC drops below its high by the amount you pick and ending when it recovers or hits a time limit you set (1, 2 or 3 years, or none). So the time limit is basically "how long could I live like this before I'd quit anyway". If you set it to what you'd honestly put up with, the result is closer to what would really happen. The share-of-fun-money side it can't do, since it only sees the total. You'd work that out yourself before picking the lean amount.

Business_Fox_1975

The value of the BTC people have sent over the years has surpassed the value of the genesis block itself a while ago. I think theres like 75 tribute BTC ontop of the Genesis block 50.

twistedok

The Binance hack serves as a fascinating reminder of the evolving complexities of blockchain security — decentralised finance — and institutional trust in an increasingly interconnected digital ecosystem. With approximately $6.3 billion involved — and 18,270 BTC transferred in a single transaction — the incident highlights the sophisticated methodologies employed by malicious actors — including elaborate peel-chain strategies designed to obscure transactional pathways. However — two key insights emerge. Firstly — Bitcoin continues to demonstrate the robustness of its underlying protocol — executing transactions exactly as designed — regardless of the broader implications. Secondly — the incident reinforces the importance of custodial responsibility — counterparty risk mitigation — and the fundamental principle of financial self-sovereignty. Ultimately — this represents a compelling case study in the intersection of decentralisation — operational security — and institutional accountability. The broader question remains — can blockchain transparency meaningfully constrain illicit financial activity — or are we simply witnessing another evolution in the ongoing technological arms race? **Truly — a paradigm-shifting moment for the digital asset ecosystem.**

Accomplished-Eye5567

The distinction I’d make is between trading and leaving funds on an exchange between trades. They don’t necessarily have to go together—you can keep BTC in self-custody and then use non-custodial swaps when you need to trade, move or sell funds

zante2033

Alice & Bob (quantum computing company) estimate published on 29 October 2026... [https://eprint.iacr.org/2026/2665](https://eprint.iacr.org/2026/2665) * 29,588 physical cat qubits 61.8 minutes per private key * 28,183 physical cat qubits 146 minutes per key So nearly 80% reduction in previous estimated requirements. BTC's elliptic curve (not SHA-256) about 1,450 error-corrected logical qubits. Depending on the hardware, that means roughly 20,000 to 30,000 physical qubits for the newest designs, or up to 500,000 for Google’s superconducting approach. Xanadu's (updated roadmap) includes the following projected technical milestones and projects: |Milestone|Target timeline| |:-|:-| |Qubit Factory build|2026–2027| |Fault tolerance milestone|2028–2029| |Up to 200 logical qubits|2029| |Up to 500 logical qubits|2030| |1,000+ logical qubits|2031| |Logical error rate improvement from approximately 10⁻³–10⁻⁸ to 10⁻¹⁶|2028–2030| |Quantum data centre|2029–2030|

Old_Shop_2601

What happens if hackers send 1$ in BTC to all currently active BTC wallets ?

khaozxd

They can create their tokens, but Bitcoin is the original, general currency. I think companies are more likely to say "i'll pay you X BTC salary a year" than "i'll pay you X <random specific bank coin> salary a year"

Bluejumprabbit

The withdrawal went out at 09:29 UTC and exchanges only froze about 9 million of the 97 million, so most of it is already gone. Core chain itself was fine, what broke was the staking wrapper's withdrawal logic, which is the extra layer every one of these BTC staking products are on

devCheckingIn

How much BTC could I buy at $0? 🤔

Bizznix

Because the FBI has got a shit ton of BTC on Binance.

Top-Care-8946

You think that every crypto transaction should be confirmed by human like at local bank branch where bank teller is processing your payment or transaction order like in 80's ? It means then that crypto market will stall or will be mostly at pending state because there will be unlimited queue and waiting time can be also weeks. Are you ready to wait your BTC portfolio balance to be updated within 14 working days?!? And even if human is processing these transactions these can be falsified too because it raises risk of corruption because there are billions in circulation and temptations to seize with false fraud suspicion can be then used against regular crypto investor. You are making an order that will be held for unknown time and you still do not control your funds.

zante2033

No, because they're not based on any kind of Blockchain ecosystem, they all use internal tooling able to be attacked. Then again, BTC isn't safe either, were two years away from slow attack threshold for quantum systems.

omg_its_dan

Even if bitcoin is widely adopted 90% of people will never own actual on chain BTC. Most people will get exposure through proxies and ETFs.

Torshein

Mathematically you're probably ahead running on a Bitcoin standard but your taxes are marginally more complex. Each bill is a taxable event. Benefits: you can use highest in first out cost basis method to harvest losses and reduce your taxable income. Con: if a bill comes out during a flash down you end up spending more on it, but the opposite is also true. You may sell into strength. Personally I hold ~3 months expenses in cash, 3 months expenses in VOO/VTI/QQQ, 3 months expenses/fun money in iBit and/or "digital credit" products. That's simplifies the tax structure and gives me layered liquidity. I never have to sell actual BTC and instead sell from my brokerage account.

Adorable_Painter3037

Yeah. I understand for those of you who want to do active trading keeping BTC on exchange but man is it risky. I understand there is no 100% safe options. But some type of wallet seems like a better option than just keeping things in exchange

Marcg611

Trend trading with $ASSt may be also a good option, I look at it as a more nimble smaller version of MSTR, that trades ~4-5x spot BTC

HaMMeReD

My perspective on Crypto has always been that it's a toy at best, but hey, even Pokemon cards can be worth a ton of money. Personally I think it failed upwards. Some people rode that to riches. My best guess is that the game is pretty much done now. Imo, if the value of a BTC doesn't skyrocket (I mean value is lost/burnt non-stop) that eventually the economic benefit of keeping the network secure will erode to the point of no return. Especially with all the competing technology and advances. [Paying for Bitcoin's security as the subsidy fades - News & insight - Cambridge Judge Business School](https://www.jbs.cam.ac.uk/2026/paying-for-bitcoins-security-as-the-subsidy-fades/?utm_source=chatgpt.com)

cryptokeyhole

They've been back since about 06:11 UTC, and so far it's busy rather than a stampede. Our node counts about 29,000 payouts from Binance's published addresses since then, over three normal days' worth in 13 hours, with a median around 0.006 BTC. Net, those addresses are down about 19,000 BTC, just under 3%. The first hour took about 6,400 of that and the last six about 2,500 between them. The worst day of the 2022 run took 9.5%.

Green_Cup_5308

What sort of computing power does one need to mine $210 worth of BTC daily and what’s the electricity cost?

msc1974

And 90% has already been replenished (from Binance): "Since our last update, the covered amount has risen from approximately 80% to 90%. All BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are fully backed at 100%. We'll keep purchasing the remaining assets through market and OTC channels until the covered amount reaches 100% for all tokens."

MackinCeleBrini

There's software now for this, you don't need to commit a crime pretending you lost BTC to a scam.

jkl2035

Same feeling on my side - I wish esp. BTC community would take this topic more serious

ConcertPlenty

A lot of them Custody their BTC with Coinbase

loc710

If you’re using BTC instead of fiat you’re not a smart criminal. It’s extra work and holds more risk not using fiat

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Curious-Ad-3192

Sizing BTC much smaller than gold is essential because weekend liquidity gaps and funding squeezes can double intraday volatility out of nowhere. Keeping risk per trade fixed in dollar terms keeps both instruments manageable in the same portfolio.

cocacola0102

Literally dude just read Blackrock's prospectus on their BTC ETF, it's all public information. It simply doesn't work how you think it works.

cocacola0102

I'm not particularly confident in the governments ability to track purchases over multiple time years like that to be honest. Some easy get outs: \- Yes, I did have 1BTC, but I lost 0.25 of it to a scam, that's why the current bitcoin holdings are only worth $75k not $100k. Works quite well if you sent the 1 BTC to your 'buy and hold' wallet, then sometime later sent 0.25 of that stack to your 'spending' wallet and never topped it up (to be quite honest, your main stack and your spending stack absolutely should be different anyway). That 0.25 btc sent could have easily been a scam and there's no real way to disprove it unless they're going to go round to the coffee place you frequent and ask for reciepts of you paying with BTC then matching that BTC to the spending wallet, which just simply isn't going to happen. \- Oh I spent that 0.25 BTC when the price had gone to 45k, so I didn't have anything to tax as I'd made a loss on that specific transaction. Easily disproven if they do blockchain analysis on the wallet, but chances are overwhelming that they won't. It's not really that it's impossible for them to catch you out but it's not really worth the resources to do so. Similar to how they 'could' have an army of people monitoring citizens who get paid cash in hand jobs for mowing lawns and never declare it, but it'd cost more than it's raise, so in reality only an idiot would declare he got a few thousand dollars for gardening work that year.

Alexander-305

Reasonable split, and it's basically how a lot of people end up running things after a scare like this week's 🔐 A few tips that make it work better in practice: - Size the exchange half by what you actually trade, not by a fixed 50%. If you only move a few hundred dollars' worth around a month, the rest of that "trading half" is just sitting on someone else's balance sheet with no upside. - Set up withdrawal address allowlisting on the exchange and add your hardware wallet address now, while nothing's on fire. If the exchange pauses withdrawals or your account gets compromised, that lock plus 2FA through an authenticator app (not SMS) is what saves you. - Test the cold side before you trust it: send a small amount, wipe or reset the device, restore from your seed, and confirm the coins show up. Most hardware wallet horror stories are backup mistakes, not hacks. - Keep the seed offline only. No photos, no cloud notes, no password manager unless you really know what you're doing. - Sweep profits on a schedule. Pick a rule like "every month, anything above X moves to cold storage" so the exchange balance doesn't quietly creep back up. One thing to keep in mind: trading the exchange half in and out of BTC creates taxable events in most countries, so keep a simple record of every trade 👀

Ha55aN1337

Yet, BTC is going up lol

Octavio_belise

For my business expenses I pay my VPN in BTC but I just use the dollar equivilant. Way more cleaner on the books.

tenor_tymir

Unstoppable is a shitcoin wallet of massive proportions. Stick to BTC-only wallets like Blue Wallet for example. They have a smaller attack surface due to lesser code.,

Generationhodl

I used a DCA Calculator. 1k invested every month. Started exactly 5 years ago until today: BTC Return: +78.22% SPY Return: +48.64% So every person that would run a DCA , as you do for longterm investing, you would be better off with btc.

ReferenceBright

I remember I heard about BTC back in 2013 from a friend and it was the coolest thing ever for me at that time. And I was not even 21. I'm pretty sure there are still people like that.

FollowAstacio

Okay now I’m genuinely confused bc you said bitcoin and BTC are two different things and that black rock owns BTC and controls the mining. That’s when when I said I thought we were talking about bitcoin and you said we were. So see where my confusion is coming from?

Jumpy-Imagination-81

>Jewelery is "doing nothing". That's your opinion. The millions of people around the world and throughout history who find joy in wearing gold jewelry disagree with you. >The other 90% is melted into heavy bricks and locked in underground vaults doing absolutely nothing. lol. Not even close. >Besides, the "tech argument" falls very short, as gold has value since times nobody even knows what an electron was. That's just a newer use for gold in addition to its traditional uses in jewelry, medicine, and dentistry. But if other metals like silver or copper or chromium could do a better job where gold is used in electronics they would be used. All of them are less expensive then gold. Engineers aren't stupid. Even though gold is more expensive than those other metals the engineers specify gold despite gold's higher cost because it is just superior for those particular applications. >You need to understand the paradox of value; if someone starts to hoard real usefull things, society collapses or enters survival mode. So gold and BTC suits perfectly for hoarding, nobody needs any of them. People don't "need" anything beyond water, food, shelter, clothing, and maybe medicine. But civilizations around the world since ancient times independently found uses for gold. The world is still trying to find real world uses for crypto beyond illegal activities and speculation.

Acrobatic_Local_9949

Rates staying flat is not bullish if everyone already expected it. Having BTC and traditional markets side by side on Moon.com helps show whether the selling is crypto-only or part of a wider risk-off move.

Several_Razzmatazz71

Again, you haven't explained anything of substance. You said "The fundamentals of BTC make it unique, very different from the world of shitcoins" What fundamentals?

Weekend_Actual

It doesn’t have a blacklist but regulation at the exchange level has made using BTC as an illegal source of funds pretty dumb at this point. It’s the right balance of censorship resistance at the currency level while regulation at the infrastructure level

Weekend_Actual

Honestly the way the price of BTC barely dumped is a testament to Binance and the industry containing the issue and backing up the funds. A few years ago this could have dumped the market 30%

SirArthurPT

Jewelery is "doing nothing". Hoarding as an ornament.  Besides, the "tech argument" falls very short, as gold has value since times nobody even knows what an electron was.  You need to understand the paradox of value; if someone starts to hoard real usefull things, society collapses. So gold and BTC suits perfectly for hoarding, nobody needs any of them. 

jtyrhe

Until there’s legit clarification and rules, you handle it(in the US), as either capital gains or losses- hopefully you have a way to download your transactions- which should include the date and time of disposition. I use cointracker, but Koinly and I’m sure others, are popular. The way I do it, is to use the cointracker template csv, and paste the matching columns into it. If you associate all related wallets, it should be able to track your cost basis, and will use HIFO accounting for your capital gains. Hopefully soon there will be better rules,and a more automated aspect. As a BTC maxi myself, who earns and spends on 95% of our household expenses- I’m definitely ready, and I think it will get better soon.

Several_Razzmatazz71

That just sounds like dogma, if you can't cogently explain it, then I suspect you don't understand it. Blockchain technology is not the same as BTC.

MrMoo151515

That’s perfectly fine and I think diversifying your BTC exposure is best. IMO the majority of your ownership should be in self custody. Leave some on a reputable exchange. And maybe grab some ETFs or BTC treasuries. Don’t do the bare minimum with self custody. Every self custody hack was due to bare minimum security.

Rydog_78

Financed was hacked for over 4 billion earlier this week. On the news, BTC dropped under 80k for the first time in a while.

Feralz2

Bitcoin is not BTC, understand that, the blockchain is not whats being traded. BlackRock owns not only a huge amount of BTC coins, but they have a huge control on the blockchain which is more concerning.

Charnia570

Not sure why the downvotes. If he used a bank he would still have the 70k. I'm all for BTC but unfortunatley if you won't put in the effort to educate yourself fully about private key creation and security then you really are better off in an exchange, bank, or ETF. BTC is not user friendly yet.

cryptokeyhole

That's what made the delays so nasty. Difficulty rose about 50x between January and October 2013, so a 5 GH/s box went from about 0.84 BTC a day to about 0.017. A week of "testing" in early April would've made about 2.6 BTC, while running it nonstop from that October to today would only add up to about 0.74.

songbolt

Was it the biggest in history evaluated in BTC regardless of USD?

Unlock_Pulse

Worth checking the unlock size against circulating supply, not the dollar amount. Historically the ones above \~10% of float tended to underperform BTC in the week before. Not advice, just how I size them.

GoingUpForever

Withdrawals are now enabled, i was able to withdraw BTC to my cold Wallet, thanks god lol.

Interesting_Loss_907

I know what you mean, & you’re not entirely wrong (at least in the point you’re making), but to be fair, if you bought BTC four years ago and did nothing but hold it, you would still be up 5X, and that’s far better than inflation, and also better than the S&P 500. But would agree with your main point: you can no longer hold for just 1-2 cycles and get those wild returns that were possible if you bought 10 years ago and held.

Several_Razzmatazz71

I don't see how BTC passes the Howie Test; BTC, in and of itself, wouldn't constitute an investment contract for some productive use. BTC is a cryptocurrency (crypto); it's a digital form of money that uses cryptography. "Bitcoin is money, with the monetary properties of a commodity, without any physical properties that inhibit commodities from providing the rapid final settlement that global trade based upon an instant communication network needs." Yes, it's a form of private money, issued by non-governmental parties. In principle, altcoins and the creation of new cryptocurrencies are also private money. "Bitcoin will be here in a thousand years because it's immutable, where as every other cryptocurrency will have disappeared in this century, or this decade, or this year." Any form of money is inherently useful when it's used amongst people for economic transactions. Money is a human construct, BTC having this property that it will exist after humanity, is pointless.

IM_YOUR_GOD

AI will exploit crypto and drive the price down very low. Record this post its already in the works. 2 years from now BTC will be $1200

jkl2035

There Are quantum Secure Algorithms - some projects already use them, path is to migrate the existing projects (See BIP360/361 for BTC, ETH quantum roadmap), my worry is that some of the projects are not fast enough. Quantum is currently speeding up on all sides - algorithms, Hardware & design (I just found ecdsa.fail a few months ago & really freaky how this moved since then)

AnyStatistician2535

I'm not a Bitcoin maxi, BTC is only a small portion (10-15% usually) of a diversified portfolio for me. And I am OK with the risk. Bitcoin has always had these risks, I have always been fully aware of them. I keep it because it provides very good risk-adjusted returns, and I have found that it further improves my overall portfolio because of relatively low correlations with other asset classes.

StayAccomplished4980

如果量子技术可以破解BTC，那是不是银行的账户更容易被破解？

amarukhan

Nothing will change. Binance got hacked for 7000 BTC in 2019 as a new exchange and they still survived. https://thehackernews.com/2019/05/binance-cryptocurrency-hacked.html?m=1

AttentionLanky94

Store BTC in your ass.

read_more_comments

You can transfer BTC into fidelity for custody, should be safer than crypto exchanges.

Hitchie_Rawtin

> The first technologies to accelerate will be the ones that have the biggest financial payouts. There's no short or long term financial payout except for whoever fixes the issue and wins that race. If BTC's encryption is broken, EVERYTHING has its encryption broken, and now everything digitised is valueless. All money, all records, all private information. What will the thieves be accumulating/stealing? Assets nobody wants any more. It'll cause chaos but the payout won't be "oh well I guess these guys have all the money and information and nuclear codes, we should...give them more of the money we don't really have any more"

These_Application531

The fundamentals of BTC make it unique, very different from the world of shitcoins

tenor_tymir

That’s a bad idea: by keeping half on the exchange, you’re signing away your right to access the coins whenever you want. In case of a hack, you lose control, and that’s not something we want. Try it this way: Keep most of it on a secured hardware wallet. Deploy a reputable hot wallet like Blue Wallet or Blockstream BTC Wallet and park any coins there you’d like to trade. Send from hot wallet to exchange, trade and send back directly to cold wallet if you want to send them to sleep entirely, or send back to hot wallet in order to maintain sovereignty over your coins but also have them handy for whatever **you** want to do with them.

Ginux

To be honest, I don't trust any CEX, and I don't trust most hardware wallets. But because I sometimes have to deal with the real financial world, I've set up accounts with licensed CEXs in different countries. This means that when I'm living locally, I can sell a small amount of my reserves to get the necessary fiat. I have several things I look for when choosing a CEX. I won't go into all of them here, but 2 points are particularly important: first, it must have a clean track record, and second, it must not be backed by Chinese entities. I have never used Binance for these reasons. Yes, I have accounts on Binance in a few countries, but only as a backup in case I need them. Because of this, I haven't completed the KYC process or any other procedures. I think Binance did the right thing, but I still won't use this exchange. Actually, I'm using CEXs less and less. I have converted some of my assets into bank assets regulated in Switzerland and Singapore. I use these for conventional financial investments and real-economy investments. Now, I rarely need to sell any of my digital assets. Instead, I use some of the money I earn from investing to keep buying more BTC. Do I trust banks? No, just as I don’t trust CEXs. But I have to survive in this environment and keep moving forward. Everyone has to make their own trade-offs, that's what financial sovereignty means.

Charlieboy1986

What will happen to the stolen BTC? Will it be marked ar tracked and end up not able to be sold or did it go through a mixer and disappear?

Sin-City-Sinner

They will be bored when your on your yacht! I’m 47, and OH BOY do I wish I was 21 just starting out investing, if I listened to a friend in 2010-ish I would have got into BTC super early and he made off with a cool million dollars and i believe only invested $500, well I know i would NOT have held onto it once it became so valuable, not knowing how high it actually went and will go. BUT, at least I would have got into crypto back then, I feel like now that’s its main steam and there are governments involved, it’s just not the same as it was and omg I’ve made, and wasted SOOOOOO Much money in my life, I know I know have made a fortune because I had a lot more capital to invest than most, especially back then. Idk if talking to other people your age is going to do….. something for you or not but your better off talking to the older people, the OGs, you’ll learn more as long as you don’t listen to the wrong person, lotta people wanna see you lose especially online so be careful! ✌️ 🐶 😂

Arphinator

Quite a schizophrenic outcome no? \- BTC : you didn’t loose money. Your BTC only changed owner. When crying, remember to do better being your own bank \- stablecoins : blocked transactions like any decent human being would expect. Alas, it also shows how centralised it is and that you’ll never be as free as BTC promises you to be.

Gareth_loves_dogs

Absolutely, and I think Saylor hits a particularly relatable frequency with me personally, as I'm a Construction Site Engineer. I think like an engineer, I work as an engineer everyday and I found him extremely captivating listening to a man with a engineer brain and personality describe monetary policy, sound money, the Fiat system and so on. I cannot stop thinking about bitcoin since pretty much September 2025, every hour of everyday - my brain gives me new ways to legitimise bitcoin and how it will improve humanity. I think it was all correct timing for me, since shortly before covid I had been self teaching myself on traditional investing, but I didn't understand Fiat or monetary policy. I had been buying S&P500, tech stocks and I had built up ~£34,000 in 4 years investing. I sold 100% of my stocks, cleared my ISA (UK), sold my AMD stocks in February at ~$270 which I had bought at $70, for them to go to over $550 a few months later 🤣 But my conviction in Bitcoin was 100%, and I wanted out of stocks as I seen the other side. I've built my stack to 0.77BTC since starting in November 2025, and my plan is 1.0, 2.0BTC and see how we're doing then.

yaxiba

I felt if Binance went donw BTC will moon again

Lost-Do73

What about the BTC praque environment? Thought this were a bunch of young(er) guys working on it? Maybe just online talks but better as nothing, IMO ✌️ Also younger podcasters ….

No_Canary_5479

As someone who is admittedly a recovering bitcoin fan, I would internalize your observation when considering whether or not investing in BTC worthwhile. Personally, I think you're observing something important.

C-Dull

It’s also down 97% against BTC

MackinCeleBrini

lol pick a different year to make this claim. After 2020, aka 2021-2026, if everyone sold all BTC they picked up 2021-2026 they would be able to buy the exact same stuff they didn't buy when buying BTC instead. Wild absolutely wild wealth accumulation by BTC holders until half a decade ago. The last half decade it's just transfers between holders on net. Although I still expect the cycle to continue one more time so exits exist aplenty when it's sitting >150k in a couple years. The likely last run of interest given we've fallen from nearly infinite growth, to wow I'm rich, to +2.5x, to +0.9x, to what will probably be around +0.6x (hopefully, if folks don't mass exit on expected future growth issues) ... what comes after doesn't really do much. Hold another decade, buy an index fund. Whatever. The get rich quick days finished, now your picking BTC the same way you might pick an individual stock.

Bluejumprabbit

Watch perp funding into the reopen, if the market expects a withdrawal rush the funding on BNB and BTC perps tends to flip negative as shorts stack ahead of it. You can take the other side of that funding skew directly as a spread on Boros so you're not forced to call the spot direction.

Bluejumprabbit

The freeze only reached the USDT and USDC legs because both issuers hold a blocklist function in the contract, Tether killed $1.5B and Circle $800M. The $3.3B that left as BTC and native assets is gone for good, which is the same bearer property people cheer for until it works against them.

cocacola0102

Read the prospectus of Blackrock and Fidelity. If they (or their custodian) gets hacked, they don't eat the loss, YOU do. It's not any safer than having your funds on an exchange. Blackrock literally uses coinbase to custody their BTC lol.

GEB82

Secret BTC wallets?…that must be a new thing I’m unaware of…ETH secret wallets, also, news to me buddy..

gihkal

It is though. There are countless articles and quality conversations on the matter. Iv been saying this since tether gained popularity. I believed their fake holdings were going to corrupt BTC. But then Asics and core pretty much destroyed its purpose. Anyway. Good luck with the centralized and miner profit focused coin maxis.

AnalystKeishaTrades

BTC was created in 2008 by nakamoto as a peer-to-peer electronic cash system that lets people send value directly to each other without banks or other trusted middlemen. It was designed mainly as a response to the 2008 financial crisis and the risks of centralized money systems such as inflation,censorship,bank failures,and reliance on intermediaries. Decentralized and censorship resistant (no single authority controls it,Fixed supply of 21 million coins (harder to inflate),Borderless and relatively low-cost transfer,User control of funds via private keys (financial sovereignty),Transparent,verifiable transactions on a public blockchain In conclusion:it’s digital money that works more like cash, but online and without banks.

SenatorAstronomer

Money in most banks is insured though.   Keeping your BTC in a cold storage wallet isn't like keeping cash under the mattress though. 

Alexander-305

Honestly that pattern makes sense to me, and I don't think it's coincidence. When people dump alts they usually want lower volatility without the hassle of an off-ramp, and anything that stays on-chain but isn't priced every second by a 24/7 market feels like shelter. The catch I'd look at in your data is liquidity on the way out. A token tied to real estate or a startup can look calm mostly because it barely trades, and that calm can be misleading. If people can't sell or redeem quickly when crypto rebounds, a lot of that "stability" is really just being locked in 🤔 I'd also check whether the same wallets rotate back into BTC or alts once the market recovers. If they do, it's mostly parking. If the money stays put, that's real demand for the asset itself.

Supremo_bean

Just go all in and sell when you think you've made enough. I'm in my second cycle now. I won't sell till BTC reaches $250k USD. I have gone from 95k BTC --> 20kBTC and a $187K BTC --> $69k BTC (in Aussie dollars). But it always goes back up and we go high! Ride the wave baby!

Fluid_Garden8512

>Everyone could withdraw, but everyone won’t withdraw If you had all your BTC on binance and didn't withdraw when able to that would be insane. Has nothing taught you anything since FTX in being that last to withdraw?

DaleAguaAlMono

1. It will, but governments will more and more try to convince you that using "cash" is only for narcos and fraudters. 2. I don't know; I'm not so sure that countries won't try to make use or custody of BTC more and more difficult as soon as they have their CBDCs up and running...

TexFarmer

TLDR BTC was developed to be trustless money.

Wise_Loquat7801

You weren't the only one. Your 0.8749 BTC was merged with 5.19 BTC from 19 other addresses into a single output, and that output went straight into KuCoin's hot wallet — a KYC exchange. Whoever took it accepted that a stranger's ledger now knows their name. There are 108 BTC sitting in that wallet as I write this, and 347,091 BTC have passed through it over its life. Your crumbs are in there with everyone else's. He paid 0 sats of fee. You paid 9,874. The chain, for the record: Theft: [https://mempool.space/tx/5ba8a07d7deb2cd7c12cac128336ca356d6eb866f46f03cda0f86796906d4d73](https://mempool.space/tx/5ba8a07d7deb2cd7c12cac128336ca356d6eb866f46f03cda0f86796906d4d73) Attacker: [https://mempool.space/address/bc1qzla0gkvtr6aqpfa8m24lvucx36evt8e8tu6537](https://mempool.space/address/bc1qzla0gkvtr6aqpfa8m24lvucx36evt8e8tu6537) Mix with his own coin: [https://mempool.space/tx/e4892902b0225e5b9e9ba08a1b062f4f813e6a3517c6c46ec45a46eddec1e501](https://mempool.space/tx/e4892902b0225e5b9e9ba08a1b062f4f813e6a3517c6c46ec45a46eddec1e501) Consolidation into KuCoin: [https://mempool.space/tx/96331d966c34300ab16a37ca05dd5eab3bfc57de2e776025c933d9faf37a5236](https://mempool.space/tx/96331d966c34300ab16a37ca05dd5eab3bfc57de2e776025c933d9faf37a5236) KuCoin hot wallet: [https://mempool.space/address/bc1q9wvygkq7h9xgcp59mc6ghzczrqlgrj9k3ey9tz](https://mempool.space/address/bc1q9wvygkq7h9xgcp59mc6ghzczrqlgrj9k3ey9tz)

StrongProgress7449

Not looking isn’t necessary if you know what you hold. I started in 2021 near the ATH (69k) at that time, with the goal of all in….bought a whole BTC in the 50’s and continued to buy all the way down to mid 20’s. Didn’t hit the 16k low unfortunately. I have multiple now, have watched price continuously and followed and listened to lots of “maxi’s “ the entire time. Haven’t sold any and trying to add a little here and there occasionally. Forgetting about it isn’t necessary- conviction and long term investment horizon attitude is necessary

Stock-Appearance-292

Well Bitcoin was created to give people control over their own money without having to depend on banks or governments. You can send it to anyone, anywhere, without needing a middleman. Another big thing is that there will only ever be 21 million BTC, which is why many people see it as a way to store value long-term. Of course, the price goes up and down. What got you interested in Bitcoin in the first place?

makemisteaks

It’s the reason I became a maximalist. No other project can ever have the same potential. BTC grew organically, from 0. No team, no vesting. Just an idea.

10kpizza

Coinbase holds about 880,000 BTC on behalf of its exchange and institutional custody clients. That's a very big incentive if you can hack and steal that.

cryptokeyhole

You can put a number on that, at least for BTC. In the December 2022 run the worst day (13 Dec) took about 40,500 BTC off Binance's published addresses on our node, about 9.5% of what sat there, and about 17% left within the week. The same percentages today would be about 61k BTC in a day and 107k in a week, against about 645k at those addresses now and 5-9k going out on a normal day. So a repeat of 2022 looks like a rough week rather than the end.

10kpizza

If you measure in BTC rather than fiat this one is nowhere near the biggest

cryptokeyhole

Painful is right. 5 GH/s earns about 0.2 sats a day now, so one sat every 5 days or so, and solo it'd take around 4 million years to find a block. The same box in July 2013 would've made about 0.12 BTC a day, and by January 2014 about 0.002. Good one to keep on a shelf.

Interesting_Loss_907

I remember that sub 11-12 years ago & the Buttercoin losers were saying BTC has already failed because it was only worth around $300 (after having peaked at $1100 in late 2013). In those days of course they did not want to look back several years. They wanted to cherry pick only the timeframe that helped their argument. So they would look at it going back just one year or to whenever the peak price was and then talk about the negative return from that point. Guarantee you none of those people on that sub have admitted that they’re wrong, even though BTC has far out performed every stock index since that time.

10kpizza

When priced in BTC rather than fiat this one wasnt that big. MtGox still holds the record for that IIRC

Muchy_Tangerine

Not many shops in LA actually take BTC at the register even if they are listed as bitcoin friendly, a few spots around Venice and Downtown but its hit or miss. I just use Walden Pay card for everyday stuff. It spends from what i hold and shop only sees a normal card payment, way way hassle than hunting for places that takes it directly

Wh-h-hoap

Well, I have to say that I don't personally hold my own keys or haven't experienced self-sovereignity, but I do have some skin in the game - and that *none* of this has anything to do with my ability to predict BTC price performance.