BTC

DontBanMe_IWasJoking

yes i wasnt too worried about Strike as they are a big operation, i was more worried about my local exchange, for the first few months i was buying directly BTC from them before learning about using lightning to make the fees cheaper. about half my coin is from that time. i guess i shouldnt worry anyway, at the end of the day if i ever sell it will be thru the same exchange that sold them to me so they can't complain!

ryce4u

What are some spot BTC ETF ticker?

doiwku

Buy weekly until you build up 2 whole BTC, never ever sell until you reach your bag goal. One BTC to live off in retirement someday and one BTC to divide up between your kids when you pass.

DBRiMatt

If I had to go all in on 1 crypto... it would be BTC - King for a reason. If I had to go all in on 1 alt... it would be LIT - capped supply, with buybacks based on protocol revenue generation.

nofuna

So, I wonder, where do the big whales keep their BTC keys? The Michael Saylors, etc.

Dismal_Insurance_272

In my opinion, you store BTC on a cold wallet when the amount starts to be significant. Like if you store less BTC than the cold wallet cost you, I think that's pretty useless. And an other thing is I already saw people stack on cold wallets but I don't remember where

tenor_tymir

I’ll give you some hints • BlockFi • Celsius • Haru Invest • Voyager • FTX • Midas Investments They all gave you juicy % on your BTC, but can you tell me where they are now? In prison, doing life. You might not have witnessed this shit show personally but I can guarantee you that those like us who have lived through this disaster, have a very strong opinion on whether it’s a good idea to lend your coins away for some measly %.

tenor_tymir

I’ll give you some hints • BlockFi • Celsius • Haru Invest • Voyager • FTX • Midas Investments They all gave you juicy % on your BTC, but can you tell me where they are now? In prison, doing life. You might not have witnessed this shit show personally but I can guarantee you that those like us who have lived through this disaster, have a very strong opinion on whether it’s a good idea to lend your coins away for some measly %.

ThirstyForgiveness

No you're not wrong, I do exactly same thing. Have some in cold storage sure but rest is working for me in different places. People here act like earning 4-5% on your stack is some kind of crime when BTC sitting there doing nothing for months The security purists will scream but if you spread it around and understand the risk, why not make your coins work. Not like we getting new ATH every week My spice rack is organized by cuisine but my BTC is all over the place, cold wallet is just one drawer

Dr_Zoonotikstein

No, it's just that, besides exhibiting some control issues (worrying way too much about other's opinions, or even their right to express them), you exhibit some pretty poor reading comprehension as well. My original point had nothing to do with the merits of BTC or FBTC as assets, but about what I believe is the relative security of holding BTC in self-custody versus holding FBTC in a Fidelity account. My disclaimer about not being presently interested was offered to demonstrate that I have no particular bias as a position holder in either. Go back, read carefully.

Odd_Oath

When I tell people that 100k USD in 2020 is worth \~75k today - they just glaze over and change topics. I’m done trying. ‘Everyone gets BTC at the price they deserve’ is all I say now.

Ok-Worldliness8828

Guess you've officially labeled me as "irritated". I'm completely fine with someone sharing their opinion. I think perhaps you've assigned a tone to my words. Your initial "opinion" only stated how you weren't interested in either on BTC reddit page. Its like me showing up to a book club just to tell everyone "I don't read". Just strange behavior, but no worries pal do you.

Prior_Parsley3960

For most users that just want to hold BTC as investment, keeping it someplace like Fidelity is, by far, the safest/bets option for them. \*If a player like Fidelity fails, it means something catastrophic has happened, and we are all f'ed anyways (crypto would be worth nothing) For small sums to play around with in defi, just have an amount you are comfortable losing out there in the wild

Ok-Worldliness8828

I never told you to shut up. Youre just taking someone asking why you are if you have nothing to contribute other than the fact that you're not interested. What do expect people to say to you other than, "OK cool". Never claimed to be a moderator, but this is clearly a post as it says at the top for "Bitcoin". If you don't like BTC or whatever etf or derivatives and have no interest, or opinion, then please by all means explain why youre still here replying to me.

cubeeless

BTC to $400k!

ForVictori

Agree, only borrow responsibly, meaning make sure you have enough handles a 50% drop in BTC price

Infamous-Discount-99

More secure from losing your BTC exposure perhaps, but less secure if you actually need to hold the real thing in the future. What happens if we pivot into a system of programmable (restrictive) stable coins and you can only "cash out" into the new at a very unfavorable rate. Youre talking about public companies subordinate to the very system that Bitcoin was created to circumvent.

DontLook_Weirdo

First panel seems the most perfect; no window and BTC rig heating up the room. But then he touches his rig and BAM window panels appear and a blizzard starts

Dr_Zoonotikstein

It's not that weird, really. and disagreeing with your viewpoint is not trolling, per se. I'm not making yo' momma quips or offering vacuous snark. Maybe if you open your mind to free dialogue, you'll stop seeing everything as black and white, or even adversarial? \#1. I didn't search "Bitcoin". Reddit presents things in a feed, without my prompting. If interesting, I might respond. The gatekeeper mentality you present with is really inane. It prohibits couch potatoes from commenting on professional sports that they could never play. It prohibits us from criticizing military expeditions on the grounds that we are not expert Pentagon strategists or trained combat marines. \#2. You don't have MOD next to your name. You're not the arbitrator of who can speak. There is no sub guideline that restricts the right to respond to those who presently hold BTC, or plan to hold BTC, nor those who have a favorable opinion of BTC. If you think it should be so, then please contact the moderators and petition them to change the subreddit's policy. \#3. I've actually held both BTC and FBTC. You wouldn't know that, because you charged right out of the gate, telling me to shut up, instead of having a conversation. Telling others, "don't speak, because your viewpoint doesn't align with mine" is the least possible persuasive tactic you can adopt. You're not debating ideas, you're attempting to dominate and disqualify speech - and therein lies a huge distinction.

Over_Reputation_8801

I think the Coinbase Custody Trusts multi-sig, segregated cold storage vaults that store the BTC from my IBIT ETF are more secure than any personal cold storage could ever be.

FlatTruck7591

I have 1.6BTC

Ok-Worldliness8828

I like BTC and am happy to support the community and to share knowledge. If you'd like to know more about BTC and how it works, just let me know and I'm happy to help as much as I can. You are the exact person that deserves to know more. Maybe you were meant to be here. If not, that's fine too. Just would ve weird if I went on an underwater-basket-weaving message board, just to say how I'm not interested underwater-basket-weaving. At that point I'd just be trolling to waste people's time wouldn't I? 🤔

a18618

That \~80% long-on-alts skew with BTC funding still flat is exactly the combo I watch for. I scraped Bybit's long/short ratios for a few weeks earlier this year and the pattern that kept repeating: longs pile in right as momentum rolls over, so the skew ends up marking squeeze fuel, not a bottom. F&G at 64 just confirms it's late-cycle confidence. I'd trust BTC's neutral funding as the healthier read here.

Ok-Worldliness8828

No just find it interesting that youre spending your time and energy sharing your opinion on a BTC thread on Reddit, but own none of it, and as you've self-stated you're not interested in it or crypto. Not sure why you're still here or even replying to me.

Ok-Worldliness8828

Then BTC doesn't really sound like it's for you and you probably shouldn't be on this thread. Anyone can buy exposure to BTC. Not everyone can or is willing to put the time in to understand it.

killshxt

Fidelity was mining there own BTC in 2013.

Dr_Zoonotikstein

That might be so but, as I don't have any interest in crypto directly nor exposure to it through a secondary instrument, I'm not concerned. If I *did* want exposure to BTC though, I would 100% feel more secure with FBTC than self-custody of the underlying.

segdy

Just look up it. For ethereum you boot from a trusted live cd (eg TailsOS) and run a BIP39 generator completely offline. I never understood the fuzz about hardware wallets. Just adds unnecessary complexity. All my major BTC and ETH reserves are in simple wallets who’s private keys have never seen a machine connected to a network 

JimmySki6166

I’ve been purchasing Bitcoin weekly for almost 7 yrs. Paid for two homes and a warehouse for my business outright with no loans. I keep purchasing weekly for my daughter’s future. Paying off her law school now with BTC!

Blade_Runner_69

It's ok the low IQ people can stick with fake BTC and get hand held through everything and the real ones self custody! There's room for all of us 🙂

Chickenjon

His point is that unless you're completely alone in the world and don't care at all what happens to your possessions after you're dead, you need some way of passing that stuff on to friends/family/kin. BTC is no different, if you died tomorrow and the only place you left your seed phrase was in your head, that BTC is gone forever.

No-Discipline4948

BTC 🚀

Blothorn

By the same token, if you take wages in BTC your wages go down over time.

Working_Salt_Mine

You do you man, man. Don’t listen to the brokees here. What most folks don’t realize is that inflation also drives up asset prices. As long as you are invested in the market, broad-based index funds, your portfolio also rises. Inflation only affects those who are NOT invested in the market. VTI and chill with house money. BTC is just Vegas money, to have fun on the side.

plumpyplummy

BTC bull run begins again in 5 days, I repeat 5 days

Branch_City

You don’t think if a hacker was able to drain BTC from exchanges it wouldn’t tank your ETF?

anotherbrckinTH3Wall

Bitcoin is deflationary, so if you pay your avocado toast bill in BTC, it will come at less and less btc as the years go on. Fiat is inflationary, so if you pay for your avocado toast in dollars, it will cost more and more dollars as the years go on. Either way, it’s still just avocado toast.

Sumdumfuqr

All lenders will margin call you if BTC drops over 50% or less, which it always does so you will end up selling at the very bottom. I looked into crypto loans, they are all scams

Backrus

No, a iPhone is a different architecture than amd64 PC. Your phone doesn't have to be connected to the internet. It doesn't even have to be on, and you can use Faraday's cage. 3rd paragraph is just imaginary problems, when you assume you use that spare phone as phone, and not as just wallet. Ofc you set up your phone accordingly to that use case. If you want to transmit tx, you have to connect to net anyway at some point, even if you're airgapping to PC. Infinitely more secure than hardware you can't verify. Hardware wallet is against basic "don't trust, verify" principle, but y'all got finessed into thinking that it's somehow good setup by shillers and podcaters (Ledger, Cold card, etc). Spoiler, it's not unless you use at least 3/5 multisig. And even then, like I said, y'all lack technical know-how to verify if hardware does only what it is supposed to do. Not to mention vibe coded software. Zachxbt also shares similar opinion on hardware wallets, and advises to never use them. Just like most BTC OGs. You do you, but parroting marketing talking points isn't good. Good luck.

LinusVPelt

At the current valuation, it takes roughly $500M of coordinated spot market pressure to move BTC price of 5%. Not comparable to stocks, but not such a small amount.

Feriman22

I use AI, just not for the actual trade decisions. The core of my system is fully rule-based, while AI helps around the workflow. I also made the current BTC/ETH/BNB regime status public so the output can be checked without trusting a black box.

21Moto

Trading Bitcoin is a losing strategy. DCA2BTC and HODL or HFSP. 😊

av6344

BTC must be ready to make a move. A lot of bitcoin FUD is making rounds.

NorthComparison4356

I have become so paranoid because of this, and its for sure not healthy. Why do we need to go to Mars, cant we please fix BTC first, well thank you.

LinusVPelt

Sincere question: in the past 1-2 years the comments on this subreddit seem basically those of Buttcoin. These are literally the same sentences. Is something happened to this subreddit, or is it common to all the crypto community? And if it's the sentiment of the entire community, how does it relate to the current BTC price? If the crypto community basically turned negative towards crypto, who is sustaining an 80k price?

truecakesnake

I prefer cbBTC for trading on Base, but for long term holding, I stick to native BTC.

CompetitiveAppeal663

That’ll be 5 BTC one day!

jongfish

yes text me at DISCOUNT-MEXICAN-BTC and I get you good price

Adorable-Price4231

I’m happy to keep my duo of BTC in revolut. Yeah I know I don’t own it blah blah but at least I’m in no danger of getting hacked

Small_Independent_21

Mark my words BTC to 8k

EmbarrassedDingo9467

Not from positioning, in my view. Alts are already crowded long (70-80% of accounts) while BTC isn't. I'd want to see alt prices rising with flat funding and shorts getting squeezed, not the crowd piling in first.

EmbarrassedDingo9467

Agreed, that's exactly why I put funding next to the ratio. BTC at 63% long with slightly negative funding is the clearest example: lots of small long tickets, nobody paying up to hold them. OI in notional and liquidation bands is the missing piece, I'll add both to the next snapshot. Do you have a go-to source for the liq bands or do you build them yourself?

tron1977

No, I tried to pay directly with BTC, but they didn’t accept it. Great trip. 16 people on a private yacht once owned by Grace Kelly.

huyou007

Can someone educate me how to use a billion BTC if they are not officially under your name? My understanding is that you can’t cash out because all exchanges require KYC. If you live in the U.S., you can’t use it to buy houses or cars or yachts. So having a billion btc sounds cool but how to translate them into actual wealth

WorryDesigner8152

bro turned bitcoin into a trip to the galápagos islands 😂 that’s actually one of the coolest answers i’ve seen. did you pay directly in BTC or sell some to book the trip?

Queasy-Ride4291

It wasn’t effected by some dude selling 10K BTC either. 

racka-disciprine

What do exchanges keep their BTC on?

gamma55

Sure, if you can reach out to Blackrock and get them to deliver your certificate. If you can’t? Well, better hope you can trust the long chain of intermediaries to hold their promise, and the government to hold their promise to keep your side if there’s a problem. So again, false equivalency. Blackrock ETF isn’t the same as self-custodied BTC.

throwaway12three4

I bet they sat and watched the wallets before taking funds. Let them add up then pulled all the funds at the same time. Wait months to years for people to give you their private keys. Then when you are in the very deep green pull all BTC simultaneously.

jasonslpt

Same read here, the headcount skew matters less than where the forced orders sit. On BTC right now (~83.0K) there's roughly $125M of long liquidations stacked around 81.9K to 82.1K versus about $72M of shorts near 83.4K. I lean toward a dip into that long pocket first, since it's the bigger pool and close by. A clean push and hold above 83.4K that clears the shorts would prove me wrong. Not advice.

jasonslpt

The tradeoff is pretty simple: you swap Bitcoin's own security for trust in a custodian. cbBTC means trusting Coinbase, WBTC means trusting BitGo and its custody setup, and both add smart contract risk on top. For 25% that you actively want to trade on chain it's a reasonable call, just keep the long term stack as native BTC in self custody. I'd also avoid parking it somewhere that loops it into more protocols, since each layer stacks another risk.

mysomica

I'd say the risk of holding your BTC as a Blackrock ETF is, in the majority of cases, much safer than trying to hold it on a Ledger or Trezor.

quintavious_danilo

Taxes, I hate them, thus I don’t use BTC as actual tender. It would be hell to declare taxes on every pack of chewing gum.

CardiologistInner423

Then my avocado toast would cost me 0.000012BTC instead of $22.

Rickard403

The future of finance won't be any of the crypto currency we buy and hold. Blockchain tech is revolutionizing things, but it just won't have anything to do with BTC or anything you invested in.

Key_Corgi_1906

What’s fidelity? I’m conserving selling all my btc and investing in a BTC ETF

tribepride25

BTC will be wildly adopted via ETFs and by using large, trusted custodians. After cold card, I moved my coins from Ledger and Trezor to Fidelity. Schwab is getting into crypto as well and will soon be a trusted custodian. I don’t care what BTC OGs say. I trust Fidelity with my retirement accounts and now have the same trust in them holding my BTC

on_hype

Wrapped BTC introduces counterparty risk. You are trading self-custody for convenience. This is fine for 25% of your allocation if you accept that trade-off.

Reasonable_Band1536

Is taking a loan with a company like Salt similar to taking a loan with a bank like WF if they recognize BTC as an asset? I guess I’m asking is if there are margin calls with banks like there are with brokerage companies. It would seem like a no brainer if they didn’t have margin calls in place.

BrawndoCrave

Stocks will perform better than Bitcoin long term. While I have BTC, it will face diminishing returns as the market caps grows. There will always be new growth stocks to drive the market higher long term.

liquid_at

BTC-Meme-Traders are increasingly worried that their "one true coin" has not been pumped yet, so they want to limit the talks about alts, so that all the stupid memecoin and shitcoin buyers who still believe in alts, pump their precious bitcoin to a million... meme traders doing meme trader stuff.

No_Investigator3369

same. sold in 2017. invested in BTC and rented. 6x my proceeds. still renting since everything is dogshit now for the price.

Nemozoli

The first thing I paid with BTC was a Trezor hardware wallet. Worth every sat. The last one: I bought eyeglasses for my wife and myself last year when BTC was close to $100k. I had the cash to buy them, but thought about how little the sats costed me back in 2017 and made the move. Rebought all when BTC went down to $65k...

anymonero

There was a time when Coinbase only listed BTC, you know.

Clean_Difficulty_225

I have the humility to admit I could be wrong, but given the overall macroeconomic environment is bearish and we are on the precipice of the AI bubble popping, not to mention the rising interest rate environment, I can’t see BTC returning to $100k let alone going to $200k. IMHO it’s headed much lower this upcoming cycle, I’m talking sub $10k/$1k. Eventually it will asymptotically converge to zero, as it’s a low performing legacy tech that will be replaced by other things, e.g. central bank digital currencies.

tenor_tymir

I’m 100% BTC. Don’t do what I do, apparently, but be advised that not having any would be a mistake. Make it a fixed % of your portfolio and keep adding to it throughout the years.

georgejetsonn

I understand why people choose to do it, but if I held most of my liquid net worth in self-custodied crypto I could never sleep well worrying that I might have fumbled a tiny step that could compromise everything with no recourse. No wonder BTC ETFs are so successful

tenor_tymir

Half a decade is just 5 years. BTC will most definitely not sit at 200k in 5 years. We’ll be probably back in a bear market by then.

toddycoin

Hmm, if the AI bubble crashes in 4Q, then, we may see 40K of BTC (or even lower!.. So the question is what events affect broader market outside, and that spillsover to Crypto.

Budget-Aardvark-7860

big misconception about cycle theory, there is a window where the bottom occurs not an exact date, a cycles timing is never exactly the same, even tho BTC has behaved similar in previous years, so yes the low could of already happened since it’s in the window, but sentiment doesn’t seem to match imo, which is why i would not be surprised one lower low sometime late Dec/ early Jan

quintavious_danilo

You say “correct”, why do you think BTC needs a correction? It’s right there where it’s supposed to be.

Lavayo

Which would arguably be good for BTC, leaving a potential short term reaction for the crash. Who knows. But we hat so many bad news this summer and did not even get much below 60k - still 20k above the 40k suggested by some. Just this week people said the US sold BTC and ledger got problems. Not much happened. I lack the fantasy to see a reasonable reason for such a drop.

PowerappsDev

2023: 100% in BTC, ETH und solana 2025: 20% World etf. 80% crypto 2026: until 06.10 i had 40% World etf 60% crypto 2026: after 06.10 i am 100% in World etf

Due-Driver-8826

It will cause problems to every other system in place today, crypto and BTC might actually be the easiest system to adjust once quantum is implemented

Silver_Knight_007

What if BTC had sinked, then you would have celebrated this decision. So never regret, it's all part of luck and you will get what is written for you. Either from BTC Or a salary Or stock market or some other source.

nugymmer

BTC might not be worth this much today had it not been for that purchase.

nugymmer

What about the one from October 2009 where $1 could have bought you 1309 BTC?

Vydrah

Oh, ok… so just supply and takeout? I don’t think thats worth it, it’s so little APY. But on the other hand risk is very low… not as low as just holding BTC but low.

ThePugz

I buy 0.0033 every day. That adds 1% of a BTC every month. Any big drops I buy more. And if it stays down for a while I’ll add a 2nd 0.0033 buy every day. Like when it was down to $60K earlier this year. Bought an extra 1% a few times & boosted the daily to 0.0066 too. Added a good 5% during that drop. When it touched there again I added another extra. 1% & doubled the daily buys & added another 2% there as that drop didn’t last long.

tenor_tymir

Why LTC-BTC-Fiat? Why not LTC-fiat?

Vydrah

I feel like there will be a huge gap in consensus within the community on this topic. However personally I love defi… but as u know cbBTC or wrapped BTC earns almost know yield compared to stables on it’s own. So you either need the loop to be more complex for making it worth (which carries higher smartcontract risks) or what you’re proposed trading with what you have lend (which is imho even riskier). If you’re willing to take those risks go for it.

NoYak978

I’m so pro BTC that before seeing all the great ideas and support. Would have been more than willing to help figure out alternative options. Keep stacking your stats 🫡 generational wealth

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Post is by: marshallxfogtown and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/1x29sbq/how_do_we_feel_about_cbbtc_and_wbtc/ So I recently sold some of my profit on my BTC investment, it was not much, but it was 25% of my BTC holdings because I was up over 30%. Now I've got this USDC sitting earning interest in Aave, learning about DeFi, and have been noticing i could keep my "BTC" on chain and save money in swap fee's, and potentially trade the swings in BTC price for a lot cheaper than if I were to use Thorchain for native BTC swaps... I've been enjoying keeping my BTC self custody and have avoided introducing it to any CEX's so far since acquiring it, so I just wanted to get the publics current opinion on holding cbBTC or WBTC for my purposes, especially if it is only 25% of my BTC holdings.. *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.*

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Post is by: EmbarrassedDingo9467 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1x29gyc/btc_bounced_and_fg_is_back_in_greed_64_but_alt/ Snapshot from Bybit perps this morning (\~07:50 UTC). Long % is by account (L/S ratio): \- MNT: 83% long \- HBAR: 80% long \- XRP: 79% long (L/S 3.81), funding +0.0021% \- JTO: 74% long \- ETH: 71% long (L/S 2.50), funding +0.0004% \- BTC: 63% long (L/S 1.70), funding -0.0011% What stands out to me: BTC bounced from \~80.4k to \~82.7k, but BTC funding is still slightly negative. So the crowd is long by headcount, but the money isn't paying up to hold it. On alts, positioning is much more one-sided than on BTC. Historically, when retail is this lopsided on alts while BTC funding stays flat, I've seen it resolve with a flush before continuation more often than not, but that's my experience, not a rule. Is anyone else seeing the same skew on other exchanges? Do you treat high long % as a contrarian signal or ignore it? *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.*

DrRayNay

I bought my fake ID using BTC in the dark web when I entered college in 2010. With that money I would of not needed any college.

Final_Bite_7228

But BTC will always go up!

EmbarrassedDingo9467

Checked what derivatives are doing on this. BTC funding on Bybit is basically flat at -0.0008%, OI barely moved (-0.02% in the last hour) and ~63% of accounts are long. If traders were really front-running a government dump, I'd expect funding to go clearly negative and shorts to pile in. That's not what the data shows, so far it looks like noise. Has anyone checked on-chain whether the coins actually hit an exchange?

usersince2007

I was not a criminal when the FBI took BTC-E. They stole 80% of my coins.

ImADiene

quick question, is it allowed to use a non-custodial on-ramp like moonpay to buy something like BTC and immediatly atomic swap it to XMR? i have read conflicting info on if this is likely to earn you a ban/restrictions and finCEN issues. itd would be for a small amt of money like 2-300 USD. im in the us btw

usersince2007

I paid for my vasectomy with Bitcoin in Turkey. Dr. Was very happy being paid in BTC