BTC

Jumpy-Assignment344

This is probably fake. No one with that much BTC would be so stupid. She says she entered her 24 words into the new wallet. I call BS. https://x.com/lunymoon13/status/2084971945070666028?s=46

Azula_In_The_AMX

He's saying if you spent BTC on food and made money on BTC today your multiplier would still be going. Saylor just did a video of how he used AI to make $15 billion more on BTC without having to give his up. But probably nothing.

Sligli

"Fuck, this new GTA 8 game looks good, maybe I can preorder it after selling some BTC"

coffeelover9457

Spot Bitcoin ETFs were approved in the US in January 2024. As of this post, BTC market cap is \~1.2T, and some estimate losses due to the CC hack at \~100M. I think these numbers demonstrate that your belief that "ETFs are the only rational option at this point" is already shared by fellow investors. I'm guessing that people who have an investment-only interest in Bitcoin used products like CC because the ETFs weren't yet available. This incident will now light a fire under such hodlers to sell and buy ETFs (I think exchange inflows since the incident hint at this). I can imagine someone in 2023, post-FTX collapse, believing (from an investor point of view) "self custody is the only rational option at this point, prove me wrong", then the ETFs arrived.

Milcah_Ganderton

That's wild, those 19 BTC would be worth like $700k+ today. Guess he got the best pizza tutorial ROI possible lol.

drwebb

I guess the point is you don't want to hold dollars since they devalue, so you want to use it to buy assets that do not (real estate, capital goods, commodities, digital assets \[i.e. BTC\]).

Ok-While-1160

Passing clarity allows massive amounts of institutional inflow into crypto, aside from ETP and pension flows. The analysis below doesn’t even account for the potential that tokenization will bring for real world asset and securities markets generally. For starters, putting asset custody, segregation, risk metrics, capital requirements, etc on exchange platforms eliminates a large percentage of the perceived risk around the industry which was garnered from the FTX/Celsius gambit years ago. Moreover, most banks currently will not use digital assets for defined banking activities in part because the law is ambiguous or doesn’t allow it, and capital metrics and accounting make doing so more or less impossible. Additionally large market makers, brokers, dealers, etc. will start to process trading in crypto assets in a similar way that they do now for other assets. This will rely in part on value generation from real world use. But we’re already seeing stablecoins, BTC and ETH be used for collateral and margining positions by CFTC regulated intermediaries. Remember crypto is 24/7 unlike tradfi. If traditional whales can make money between 5pm-9am using crypto, you bet they’ll play around. Lastly, Bitcoin has historically served as the primary gateway and liquidity anchor for the crypto market. Expanding legitimate use cases and institutional participation across the ecosystem could create additional demand across digital assets generally. A rising tide does not lift every boat equally, but greater adoption of the asset class as a whole is likely positive for the strongest networks. If regulatory clarity increases demand from institutions while available liquid supply remains relatively constrained, even incremental institutional allocation can have an outsized impact on price. This is the same basic dynamic that contributed to strong market reactions around the approval of spot Bitcoin ETPs: a new pool of demand entered a market with limited readily available supply. Obviously the caveat is that regulation alone does not guarantee price appreciation. It creates the conditions for broader participation; actual price impact depends on whether institutions allocate capital, how much they allocate, and broader macro conditions. But Clarity at least creates the market environment to drive allocation.

LuckyWinds

> We are just gonna end up holding BTC in banks, aren't we? If you've been paying attention that has been the plan all long. Hal Finney talked about bitcoin banks in 2011. But people here for some reason don't know that and act like it's some new thing.

IainKay

“How on earth could your BTC be stolen” is what a lot of people were thinking until recently. Your point about generating your own seed is valid though.

submarinefarm

There was a post from 2y ago where someone said 95% of their wealth is in BTC on a coldcard but they are considering converting to an ETF. I do wonder what happened.

H8ckt1v1st

It's not a device problem, it was an inherent issue with the entropy RNG code - which I assure you that thousands of people are reviewing that code right now as well as the patch that was pushed out to mitigate it. As a long term storage solution, I will wait to see if Coinkite folds as a company and no one picks up the codebase. Also as a hardware engineer, the ICs in the coldcard are under intense review as well for any Easter eggs/backdoors for criminal prosecution. Outside of the court of public sentiment, the device remains to be confirmed. The best thing that this incident has caused is a meticulous look at the entire self custody industry. Thanks to Coinkite, everyone is reviewing their design chain of custody and implementation protocols. For the time being, I would leave mine sealed in their OEM boxes as vintage BTC collectors one day might want one.

SaraTalbotAU

Direct swap to BTC in the app then withdraw to Robinhood is usually cheaper than the bank round trip - one trade plus one withdrawal fee beats transfer fees and a couple of days of waiting. Just check the BTC withdrawal minimum and fee on crypto.com first, and Robinhood does accept BTC deposits.

cuteman

If people transacted in BTC how would everyone get rich practicing HODL? It's a bit of a feedback loop to me... People want to get rich holding bitcoin to the moon but in order for BTC to ever become truly widespread you'd have to actually spend them like currency, not hold them, if you did that eventually you'd run out and need to be paid at BTC at baseline current market rates. It's circular

zenethics

My idea was to track the performance for people who got involved in BTC early on their non-BTC ideas. The idea here is that this might be visionaries that see trends before others do (like, maybe they get involved in AI early too). Once a company has 50%+ of NAV in BTC their performance is going to echo that of BTC. It looks like the only candidate that fits the theory is Elon Musk. Michael Saylor is great too, but in a portfolio holding MSTR goes in the "hard money / BTC exposure" bucket whereas TSLA or SPCX would fit in other buckets like "risk growth" or something and filling the other buckets was where my mind was. So, not an argument that MSTR is a bad investment or anything, more of a question of diversifying into something with good management who also have a worldview that understands BTC but whose success or failure isn't largely tied to BTC (here, the low BTC allocation is a plus not a minus - a plus because they own some, and a plus because it's not too much and I can tune my own exposure by having my own BTC proxy bucket).

Good_Extension_9642

"Luckily I only had 0.2 BTC " wtf!

BigDik6355

*OP quickly sends 0.2 BTC to his other wallet*

Ferdo306

Love BTC but this really made me laugh Appreciate it

anymonero

Nobody in DeFi talked about it because it was BTC-only. That's also the reason all those retarded maxi podcasters shilled it. Their argument always was "It doesn't support shitcoins so it means it's more secure". If there's one good thing from this hack, it's that I won't have to hear this dumb argument anymore.

Nossa30

Fuck no. I buy and hold BTC. is Crypto a currency or store of value? Just because you CAN use it as a currency, doesn't mean you should. Sure i CAN use gold to buy groceries, but the lady at the counter is not going to take my gold shavings.

EuphoricDealer4133

Hm ok. Yeah my big concern is say there’s a hack or Bitkey goes up, and we don’t have a seed phrase, how do I move the BTC out of Bitkey. Thanks!

burnt_pubes

"Hello, police. My BTC was stolen from my wallet and moved to this wallet." x 10,000. Same result

SunixKO

You are ignoring every single other thing about what happened..... In a normal every day event, sending one UTXO to another address looks very normal... But knowing that there was bad code in the ColdCard RNG, It doesn't fucking matter how they split the stolen BTC.... Many of the people who lost loads of money can prove that they bought it from an exchange... How will the hackers know what bitcoin is safe or not??? They have to mix it either way.. How can you not understand that?

cuteman

None of what you describe exists It's either MSTR or a company that holds a small portion of assets/cash in BTC or other crypto

Deto

yeah but then you have to acknowledge the fact that BTC can't just exponentially explode forever and when you do that most of the value proposition disappears.

Covid19-Pro-Max

If you generate your own seed and have the device air gapped, how on earth could your BTC be stolen? I agree that coinkite are idiots or criminals or both but I don’t understand how my coldcard could be vulnerable

blaziken8x

Let me hit you with reality. When it comes to investing it takes money to make money. Somebody who says I don't wanna do manual labor and a regular job is not for me, might already have lower chances of doing well with investing. If you want to do well with investing, you need to lower your expenses as much as possible and earn as much money as possible from jobs or any side hustle work, manual labor, whatever it may be. Earn money, then invest it. (if it were me, I'd just be buying BTC, now is a pretty good starting point, it's considered cheap) Also, realistic investing success would be, maybe, doubling your money in like 5 years, if you're looking for 100x memecoins you have already lost. You think you have nothing to lose. But really, with wrong mindset, you're losing time.

zenethics

It doesn't work for a few reasons. 1. The goal would be to track companies whose management understood Bitcoin early, not to track BTC directly (tracking BTC directly is easy) 2. MSTR's operating business is tiny to the point of being irrelevant 3. MSTR isn't even a holding company really, it's more like Saylor's hedge fund where who knows what he'll do next

Civil_Cheesecake439

The perfect card needs trust, simple fees and no weird extra steps. That’s why I’ve been using Oobit for day to day USDT spending and I am not touching my BTC because it doesnt make sense when i have USDT

New_Total_9947

I hated KYC at first too but I kind of separated it by use case. I still wouldn’t keep my main BTC stack in a card app but when I started using Oobit for USDT spending, I treated KYC as the cost of getting access to normal card rails. Not perfect but it makes sense for everyday payments

unknowngloomth

These kind of posts are fucking stupid and low IQ. "Joe bought 1k BTC back in 2009" or "jonh sold 100btc in 2010" blablablabla so what? Nobody knew BTC was gonna be a big deal, dude. I doubt that you'd have held BTC back then.. There's a bunch of alts right now with good tech such as KASPA down to 90% from its ATHs. I doubt you will buy and hold them.

IndustrialPuppetTwo

Investing can be emotionally stressful and even dangerous. Crypto makes that 100 times worse. I would suggest you look into ETFs, bonds, Index Funds and the like and if you absolutely have to be in crypto then don't gamble on anything but BTC.

East-Day-7888

I had chat gpt re-write my thoughts because I can have poor grammar and spelling, but here are my thoughts written by gpt. First, what is a Bitcoin developer? Bitcoin is completely decentralized, with no central authority that can mandate changes. Second, any security update of that magnitude would require a hard fork. What impact would that have on any legal clarity that has already been established? For example: Bitcoin Lightning, Bitcoin Cash, BTC Satoshi Vision (BSV), and Bitcoin itself. At one point, they were all Bitcoin. To make a fundamental change to the network, a new chain has to be created. With that being said, where do we draw the line when we fork the current Bitcoin into a quantum-resistant version? Which chain does that legal clarity apply to? Does it extend to every Bitcoin fork, or only one? If it's only one, who decides? Does it effectively become "Bitcoin: JPMorgan" or some other institution's version, and in doing so lose the very decentralization it was built on? And what do we do with all of the old tokens? Without a mechanism to exchange and burn them, they don't simply disappear. Are we effectively doubling everyone's holdings by creating a new token alongside the old one? Or do we force a mass migration where everyone has to sell or exchange their coins, potentially creating enormous market disruption? I'm not saying these questions can't be answered. But I have serious doubts that a government which took nearly 50 years to even recognize Bitcoin as something worth regulating can solve all of these issues in four years, especially when there is still ongoing debate over the legal classification of Bitcoin itself.

6out

BTC is self accountability... That's one of the risks but comes with the territory ... Same thing with gold in that you can hold it yourself, but then it's on you for the security of it... Kyc is retarded... It's strictly for tracking in disguise... Rich people's rules

immutable_truth

But Bitcoin devs are working on a solution aren’t they? BTC is easy to believe in bc of its history and massive chain that has withstood the test of time. Do you really think there won’t be a consensus quantum-proof solution eventually implemented? (Genuine question btw, not being rhetorical)

Zestyclose_Ad2462

Do you have other investments? I'm guessing not, since you "sold everything". That's mistake #1, not owning other assets/asset classes. Mistake #2 is taking out loans to do this. It MAY pay off but you are one layoff away from financial disaster. Or God forbid, some medical event that disables you. At 29, you may have time to recover BUT... this was VERY risky. With almost $100,000 you could have had a portfolio of 10 investments and 10% in each asset class (SandP500, large/small company stocks, value/growth stocks, same for international and Emerging Markets, plus REIT's). You will have diversified across thousands of companies all over the globe. NOW you can start building into a BTC position. If you're really adamant about having BTC in your portfolio, a 10% position is reasonable (in place of say, REIT's). If it takes off like we all want it to, it'll "juice" your portfolio returns nicely. If it goes to zero, you'll still have 90% of your money in the market, working every day for you. Please, learn from the ColdCard wallet holders. NEVER put all your eggs in 1 basket!

RonnieVoss

Convert it on the Exchange and send a small BTC test to Robinhood first.

coupl4nd

What is an illegitimate coin? How about I care that people could see exactly when I bought BTC and where I moved it to forever more if I didn't mix it?

Zestyclose_Ad2462

When a plane crashes, does everyone stop flying? No. In fact, because of crash investigations, air travel is far safer today than just a few years ago. The problem isn't air travel. It's usually pilot error, mechanical fault or weather. BTC is not "broken". In fact it's much safer today than it was just 3 years ago (because of ETF's), better hard wallets and many exchanges being regulated. Please don't give up on BTC. Nothing in its value proposition has fundamentally changed. The network still runs. Transactions still process. Institutional adoption is still accelerating. It is only going to get bigger, better and more valuable.

ubermensch1001

In my opinion, if you saw something like this happen with Ledger or Trezor the ramifications for the broader crypto market would be enormous. This hack sucks, but it was with approximately 5200 wallets in total, which in the grand scheme of things is NOTHING. There are roughly 22 million addresses with $100+ in BTC and 10.5 milion with $1,000, this hack represents approximately 1 in 5000 of those, I'm sure there were wallets with under $100 as well but we'll just stick with this for the sake of simplicity. This wallet wasn't even in the top 10 and had 5 employees, your local fast food place has more people than that lol. This makes absolutely no sense if you think about it and should ring off alarm bells. The reality is that these people shilling Cold Card on here were possibly paid actors/trolls. To compare though, Ledger has sold over 8 million units and Trezor north of 2 million. Are they perfect, no, but they have been around for a very long time. It makes no sense to buy some no name wallet when you could buy from one of the top brands.

JulC-_

Meanwhile the guy who sold his BTC in 2018 to buy this exact burger is still thinking about it 😔🍔

Just_Bluebird_5268

You're thinking in fiat bro. Doesn't matter it 1 BTC = $100k or 1 BTC = $1 It's the future of money

CipherScarlatti

Well, maybe someday soon somebody will crack one of Satoshi's wallets, move 1 BTC and then we can move on to other things. The lunacy going on in this field is beyond exhausting.

dj_destroyer

Exactly -- it's basically impossible to litigate. Because then everyone could just send their BTC to a random address and claim they were hacked. The seed phrase is quite literally ownership...

SunixKO

Oh no, I fold to your superior logic. Since the stolen BTC is split into smaller addresses, it is not obvious to police and even redditors that these transfers that happened in a 4 block window aren't legit. The hackers surely have fooled everyone because they made separate addresses lmao. It's not like most of these guys have proof of sending this bitcoin from the exchange they bought it on. And now they all decided to send it in this 41 minute window. Doesnt really matter anyway broseph. They are mixing the coins, just like they would if they spent extra time on splitting it up in smaller UTXO, they would still have to mix them...

Kathleensback

Not a chance…. Mixers are only there to scam Him lol nobody wants that BTC.

AvailableTie6834

Why would I ever pay taxes for my BTC? Im not dumb, and the government do not know I possess this BTC in the first place lol.

PlayfulAwareness2950

The interest rate was a much larger driver of the BTC price than inflation.

DontLook_Weirdo

Cycles are the only true lived experience we have with BTC. 17yrs and it's been pretty accurate..it's for that reason that I do listen to it more than I should.

gacu-gacu

Same shit for me. I left PC on and went to a bar. After lots of beers I checked amount and concluded that whatever I get in BTC would show up on my elctricity bill at the end of month. Then deleted app without backing up wallet. Wasnt worth it because I would have to explain to parents whats the deal with electric bill and bigger issue was to replace PC after some time. Btc was maybe $1 back then.

gacu-gacu

Same shit for me. I left PC on and went to a bar. After lots of beers I checked amount and concluded that whatever I get in BTC would show up on my elctricity bill at the end of month. Then deleted app without backing up wallet. Wasnt worth it because I would have to explain to parents whats the deal with electric bill and bigger issue was to replace PC after some time. Btc was maybe $1 back then.

gacu-gacu

Same shit for me. I left PC on and went to a bar. After lots of beers I checked amount and concluded that whatever I get in BTC would show up on my elctricity bill at the end of month. Then deleted app without backing up wallet. Wasnt worth it because I would have to explain to parents whats the deal with electric bill and bigger issue was to replace PC after some time. Btc was maybe $1 back then.

Febos

That is impossible stability. Nothing is that stable. Check price of gold. There is zero % chance it would be so stable for 4 years. It is almost i.posible to stay in that range for next half year. Price of BTC will fluctuate between $40k to $300k from now until 2030.

fastgriz

This right here. Some stolen funds would be reported and watched. The thief would have no way of knowing which stolen BTC was unreported and safe to spend. Even if none were currently reported stolen and watched, that could always be done in the future, so even the currently unwatched wallets couldn't be safely used.

Zestyclose_Ad2462

If a plane crashes, would you stop flying forever? No. The cause of the crash is studied and identified. Reforms are put in place and as a result, air travel is safer today than it ever was. The safest way to travel, statistically speaking. Many had their money stolen this past week, through no fault of their own. Likewise, many people in plane crashes lose their lives. Almost always through no fault of their own. Self-custody should not be shunned entirely. A prudent person never puts all his eggs in one basket. Put some BTC in a cold wallet/self-custody, some on an exchange, some in an ETF using one custodian. Some in another ETF using a different custodian. There are a lotta people here with all their eggs in one basket. This is your chance to diversify before you too, get vaporized.

SunixKO

The BTC would still be "tainted" if it were in 1000 addresses instead of 5.

GrokM14232

The "not a sale" framing is probably tax/accounting driven, not just PR theater. Realized gains on $165M of BTC would be a meaningful hit depending on their basis, so the incentive structure here is pretty obvious. Imo the bigger question is why they're moving it at all if they're actually bullish long-term, because on the margin that does read as de-risking no matter what they call it.

ClassySmokeCannabis

halving just happened lmaooo and it still went in the gutter. I love the concept of btc but its flawed in its own ways and fiat is flawed in otherways. Government (at least in canada) has my back if my life savings are stolen from bank account and they can reverse transactions if its no wire. BTC has no administration, look at the coldcardmess. Someone can attenpt my password in crypto 5 billion times and they won’t be stopped, if someone tried my bank info and the password fails 5 times im locked out. Extremely high chance it stays at current prices for the next 5 years. It lot all the covid hype as well.

Rock_Strongo

> I put virtually every purchase I make on credit cards to earn points. Until there’s a crypto equivalent that is just as frictionless, there’s no reason to transact daily purchases with crypto. Some exchanges have exactly this. I use the Coinbase card which is an American Express card so it's accepted most (but not all) places and I get back 4% in BTC. In addition, I pay it off every month with the USDC I have in my account, which gains ~3.5% (varies based on fed rates) while it sits there waiting to make payments. Is that the same thing as paying with crypto? Not really. But it's good enough for me.

JeffthefearlessDog

putting all eggs in one basket also applies to hardware wallets if you decide to put all your life savings in BTC which is not necessarily optimal. Spreading out your bitcoin to several hardware wallets of different vendors, ETF, Exchanges and stock of BTC companies might be a good idea if your funds exceed a level you dont want to lose at once. Still, its so very sad. You\`d think you can trust a company that has trust as its whole business model.

RetiredAvocado

Be extremely cautious with random paper wallet website suggestions from redditors. Paper wallet sites come and go, and get bought and sold, and have stolen BTC from people using them. See this page on paper wallets https://en.bitcoin.it/wiki/Paper_wallet Trezor One does not have a secure element. Get at minimum much newer Trezor Safe 3, which isn't very expensive either.

MrSnugs

Kind of. I use my Coinbase credit card daily and pay if off with USDC. Also give me BTC back as a % of money spent.

RandomPlayerCSGO

I just looked this up since I didn't know that El Salvador declassified it as legal tender and a friend of mine visited earlier this year and told me he paid everything in Bitcoin. Apparently the legal tender status was revoked as a requirement from the FMI for giving them a loan, since the FMI is a Keynesian institution and is meant to defend government's control over currency they basically would not give them financing unless they removed Bitcoin as legal tender. But apparently the only thing that has changed is that it is no longer mandatory for businesses to accept BTC, but BTC is still tax exempt and business are still able to legally accept it without any issue, so not much really has change it is mostly a change on paper to make the FMI happy and get their money. Also for your argument I was not arguing against it just wanted to talk about BTC being used as payment in practice. And you are right that if evading the law is the use case laws should not affect price action, that used to be true for BTC in the old days and it is true now for Monero. Midelistings in Europe and regulation against it have not had a negative price action, in fact price has been growing steadily since then and now growth seems stronger and more organic. But Bitcoin is no longer like this because even if the fundamentals are meant to be anti system Bitcoin is now used as investment asset by many legal institutions, and demand for it as a legal means of investment is the biggest demand for it right now, so regulation affects because of it, if it was banned for example blackrock, MicroStrategy and all companies would be forced to sell or go to jail. While if Monero was banned no one would care cause all holders know being an anti system asset is the whole point.

InsightKnite

"Of the 138 live crypto cards I track, 137 run on Visa or Mastercard." So once again proving that without fiat crypto has no vehicle to actually work. You can't even price out a crypto value without fiat to reference the value of. If there were no fiat on the planet how much would 1 BTC be worth? (heads explode). 🤣

Safe_Maximum6666

Well, I mined 78 BTC in 2013 just to lose it to ICO scams in 2017. That's worse than dreaming about having mined.

DaseR9-2

random user on reddit thinks hacker that stole millions in BTC is "stupid" 🤡 i doubt he cares about "high transaction fees" , he could pay 10 or 100 times the fees and wouldnt care. do you really think someone stole millions without thinking about how he is going to cash out / launder that BTC? certain entities do not give a single fuck about "tainted coins" or what ever you gonna call em. your whole posts reads like someone that has 0 clue of what he is talking about, trying to lecture someone that stole tons of money with ideas that are even stupider 🤷

NoParamedic7831

Respectfully, I think you're just missing a few things here. There are no gas fees in Bitcoin, and a modest day of mixing could clean all the funds. There are other things they did that were dumb (like only sweeping wallets above 1.15 BTC), but nothing from your list. Hard to tell how competent the hacker is at this phase.

Fun-Minimum-4715

I would long 100x BTC on a non kyc futurues

Impossible-Scene5084

Sure, but under the hood every single system on earth fundamentally works based on the confidence users communally have in it. Confidence is the secret currency of the world, and this whole episode is massively damaging for confidence in BTC (which for the vast majority is synonymous with “crypto”)

2xfun

Please enlighten us with what you think are the fundamentals of AI and BTC

Character-Notice8580

When someone pays with BTC does it tell you on your screen? Or does it just look the same as if they paid with a credit card?

FunkyGrass

This has nothing to do with how BTC & Crypto fundamentals work. If anything, makes you understand better how safety works.

Character-Notice8580

when I pay with BTC using the new toggle, does the seller have any real time indication that I paid with BTC on their screen?

mathaiser

Yes, you yourself can take 24 random words from a group of 2048 words and enter them in a wallet and hope you find one with funds on it. This has been happening since day one and people have huge computers trying this every single moment. Unfortunately for you, if the entire solar system was filled all the way full with computers the size of an atom, it would still take longer than the life of the universe to find just one. It’s a fools errand, you would have more luck guessing the numbers to powerball correctly 7 times in a row than find a BTC private key that has funds.

NadlesKVs

Yeah but the BTC still has to go somewhere for them to gain any value from it. They aren't selling it in the NK economy. They have to have somewhere/ someway to spend it. Obviously a Government can figure it out though.

FrontCold6590

What if the actual exploitation still hasn't happened. I moved my BTC to an exchange from cold, just because that currently feels safer. What if the exchanges are the actual goal 😄 what if we're all in a big game of chess and a bunch of us just pulled the moved that puts us at risk of checkmate?

SMK_12

No it’s not lot of the burger is worth more dollars but less bitcoin that means bitcoin increased in value and dollars decreased in value. Basically with 1 BTC you could get more hamburgers now than you could in the past but with $1 you could get less hamburger now than you could in the past.

elementfortyseven

that burger is either \~500 bucks or 2k bucks, depending if I have to travel to Switzerland or El Salvador for it. Those are the only two countries with select McDonalds restaurants that accept BTC

MakCapital

Been here since 2011. Only heard of Coldcard once, but not a Bitcoin maxi. Use ledger, Trezor, and Bitkey. **Even though Ledger should be taken more seriously than any niche product like ColdCard:** I don't trust my long term Bitcoin with ledger. Trezor & Bitkey only. Ledger for everything else. Ledger has been a very dishonest company. Honesty is crazy important when they still lean on a closed approach. They also force you to update firmware wherever you need to update specific chain apps (New feature on Solana that needs a Ledger update? Welcome to new Ledger firmware with more bloat and remote access features). This is unacceptable from a security standpoint. Yes, id recommend Ledger over most options for most people frequently trading in web3, but would be more apprehensive to recommend for long holding BTC unless you use it with a multisig setup. Most won't. Instead, go Bitkey if you can afford and don't have time to learn multi-sig (It's multisig on easy mode). Otherwise, Trezor single signer next best. All of these options better than hot wallets. After a certain point, you should also spread to ETFs.

almo2001

How does a credit crunch make BTC go up? You need to cash it out to use it for anything.

cipherjones

As long as BTC remains tied to fiat, the interpretation is valid.

flashdurb

McDonald’s does in fact not accept bitcoin LMAO. But referring to if you turned your BTC back into spendable currency, sure.

Beginning_Health9584

The underrated thing about BTC treasuries is that "it wasn't a sale" is actually checkable — custody rotation looks nothing like exchange inflow on-chain. What annoys me is that headlines never do the boring follow-up: watch the addresses for a week and the question answers itself. Most of these stories are settled by patience, not by the press release or the denial.

csfrayer

Hahah - fair point but if it \*doesn't\* pass I'm saying BTC shouldn't logically drop in price either.

GoldmezAddams

Basically zero. There are roughly 2^256 possible wallets. That's 115,792,089,237,316,195,423,570,985,008,687,907,853,269,984,665,640,564,039,457,584,007,913,129,639,936 possibilities. The Coldcard search space is around 2^40 or 1,099,511,627,776 possibilities. Compared to 2^256, that number truly might as well be 1. Defining any narrow search space like that and exhaustively searching it is not an attack on 256 bit security. In 25 years, even with the BTC network currently calculating almost a sextillion hashes a second, not a *single* SHA-256 collision has *ever* been found. They could check 2^40 wallets *every second* until the sun goes out and it would be an absolute statistical *miracle* if they found even one active key. At that rate it would take on the order of 10^57 years to exhaust the search space. The age of the universe is on the order of 10^10. That assumes proper entropy, though.

iloverunning11

Not really, the thing is USD will never fall -50% (short term, long term it absolutely will) like BTC just did in less that a year, so IV is insane when it comes to BTC and almost everyone is able to buy BTC now, it's no longer a novelty and only time will tell whether its price is sustainbale or it will keep falling down (adjusted for inflation), BTC community is insanely large, it is pretty impressive too, it's mostly about speculators but that does not mean it has to fail

rottengammy

Because one can of Coke costs about 0.0000078 to 0.0000138 BTC. Miss one zero and you just paid the price of an all inclusive for a Coke.

Tylerebowers

Now do 2025 vs 2026 BTC. 

Effective_Engine319

After the ledger scandal a few years ago that swap is exactly what most people on the BTC sub were recommending. And so that's what I did :(

cipherjones

The only thing that I get from looking at this meme is it would have been smarter to invest in USD than BTC. I can't tell if that's the joke or not?

Inside-Bus6555

Short-term price moves are always driven by news and sentiment, but what stands out is how every rally brings more attention to the broader crypto ecosystem. As adoption grows, the focus is shifting beyond just buying BTC to how people securely store and manage digital assets across different blockchains. I recently read a solid guide on building multi-chain crypto wallets for enterprise applications, and it gave a good perspective on where infrastructure is heading: https://www.codezeros.com/how-to-build-a-multi-chain-crypto-wallet-for-enterprise-applications. Long-term growth will depend just as much on reliable products as it does on market sentiment.

asimpleuser_

Hi! I'm thinking on starting DCA with BTC, I was looking for the best exchange then I found this thread. Could you please share your experience working with Strike? Before reading this thread my best option was Bitvavo

mvds74

BTC is doing what BTC wants to do. It goes up, it goes down, trying to rationalize it or even analyze it helps nobody. Just enjoy the ride... Today this post about BTC going up 0.8%, tomorrow a post from somebody panicking because BTC went 0.8% down, asking what could have happened.

csfrayer

El Salvador declassified Bitcoin as a legal tender in 2025. I do think lighting is the strongest argument against my analysis but I also strongly agree with analysis that lighting is primarily used to rebalance BTC holdings, not in transactions for other crypto or goods and services. To the extent that evading the law (as a fact not a judgment of the morality) is the use case, laws governing the asset shouldn't have an impact either.

csfrayer

Pensions already have access to BTC ETFs and to the extent a fiduciary is going to offer BTC exposure, the lowest risk option will remain ETFs. Can you say more about the banks half of that thought?

RandomPlayerCSGO

It is used for payment's. In El Salvador lighting network is widely used for regular payments since it's accepted as legal currency. In other countries with shitty hyperinflation currencies BTC in lightning network is common too. Monero is also very used for payments worldwide, not only for drug trade also for escaping countries that don't let you leave with your money and for buying basic goods in places where legal trade of basic goods is monopolized by the state and people need to buy in black market to survive, like in Cuba or Venezuela

thats_gotta_be_AI

“Oh nice of them to provide me a starting balance of 0.5BTC. It’s the little things that you remember!”

PeteyPab305

The thing with this theory is that if they were doing this they wouldn't be accumulating all of the stolen BTC into one wallet address essentially showing it off. This is a nation-state attack because the attackers are not going to be able to benefit with this as an off-ramp they did not coin mix. They did not spread it across a vast amount of smaller wallets. They are aggregating it all into one wallet which is going to make it extremely difficult to utilize even in native form without even considering on or off ramps. For them to do this, they would be essentially the dumbest Bitcoin criminals ever to exist.

noviwu97

I've been using DeFi every single day in the past 5 years using ledger and other wallets. Also never even heard Coldcard being mentioned even once. I even searched my very active DeFi discord group with ~300 members and not even a single mention of coldcard before the steal. From what I learned afterward, Coldcard shills are very isolated to BTC maxis. When a cult is strong, you'll believe anything including drinking poisoned kool-aid

schmiesii

It has been doing great actually. Sitting at a 1 TRILLION+ market cap and costs $65k per BTC. What about your investments, fam?

the-supreme-mugwump

For a few years. I wonder how many people think it was karma. Generate a seed, open the wallet to find BTC think your lucky and have it scrubbed out years later