BTC

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.

Wh-h-hoap

Bitcoin does come down, but it rarely comes *back* down. The fact that BTC stands at \~80k while performing badly speaks volumes. What did everyone think it was? And correct, big money has been made. As for the sheep comments - are you mentally challenged?

FrugalityPays

Coinbase Prime Execution Agent is the setup used by ETFs like IBIT and Bitwise, which name Coinbase as custodian. Fidelity custodies its own BTC through Fidelity Digital Assets. That link also has a ChatGPT tag on it. Can you quote where it names Fidelity specifically? Fair point that Fidelity Crypto isn't SIPC-covered though.

Awkward_Potential_

Dollar Cost Averaging. Buying at a regular pace and not worrying about day to day price. Buy $50 every payday. If we're down, you're getting more BTC in your buys.

Alexa_2005L

We can’t even come up with one BTC, so let’s not worry about them lol

Dr-Slay

Just my opinion, but the "grass roots cypher punk" days are over. Happens with everything like this. 2014 Coinbase, whenever Binance started; those were the first layers of ruin. 2017 CME futures was the biggest nail in the coffin. Compare the lows between the BTC crypto chart (or even teh Bitstamp one) and the CME BTC futures chart. Look at it on the monthly chart. See the divergence? Plot the highs, lows, and midpoint of the entire range of both charts (their entire history). Go back and do this for all the "bitcoin cycles" see how it interacts with the 25% range as measured from low to high? This time we've only gone to 50%. Anomalous. So anyway. Then the IBIT ETFs (among others). It's not total control, but it's close enough. Over time it will probably continue to appear to increase relative to other assets. Fundamentally though all money is based on object fetishization ritual behavior. Care more about the people in your life and help where you can, all I can say at this point. DCA is still a solid strategy, just don't put everything in BTC. Have some cash. Have some index funds, money market earning interest, etc. Nothing we do or participate in will last forever. Money sucks. Life sucks. Don't breed.

MSmithRD

Fail is in the eyes of the beholder I guess. Personally if I saw the S&P 500 get a 10% yearly average return in 3 years and see BTC at 60K, I'd consider that a fail. But that's not all that's possible. There's definitely a non-zero chance BTC could be at 30k or even lower. I put it at 33% chance it beats or significantly beats the S&P500, and a 33% chance it matches it (roughly) and a 33% chance it does worse or significantly worse. Again, I'm a bull and think it will do well, but to answer OP's question "Is it even possible to fail just go all in at 77k?" and the answer is: Absolutely. A good chance. Also a good chance it will do well, but it's far from a sure thing.

ep193

Yeah, let’s start a run so BTC crashes and we all loose all our money. Stfu idiot.

byoung1434

“  After that, I still understand that FIAT is not viable, but how can BTC be if in a matter of seconds I lost my family's retirement plan?” You have a misconception of what gives government issued currency its value, which is the nations productivity and the government’s ability to tax it.

MackinCeleBrini

"Better returns bottom to top" yeah that's picking exact entry exits for the highest amount. Not growing is just math. The math of now decades (as in more than 1.0) of return rates, the "cycle" and it diminishing greatly round to round, and the general math of how you expect something worth Trillions to grow vs Billions or Millions. People bought BTC a decade ago, held for a mere 5 years, and walked off with $100 per $1 put in, god bless. Post 2021 growth won't look like growth to 2021, and even your average coin holder probably wouldn't like the total results on their community and the economy if it did.

PeacockMamba

So someone had 185 BTC on an exchange (they didn’t own it anyway)… soft target, matter of time.

MackinCeleBrini

You just cherry picked a bottom to top in cycle? Yea those are good, but someone probably did the opposite too and bought top and sold bottom. Folks who have bought BTC the last 5-6 years could all sell today and would have more or less similar purchasing power collectively vs consumption the day the bought. The days of $1 to $100 in 5 years are long gone. Buy and hold now based on wanting BTC, not some future decade long race with a Vanguard Growth Fund. If you want returns, that's all, find your exit number and get out when it gets there in the next run, so you can chase higher growth than BTC will likely see post next run.

MackinCeleBrini

You are aware you just cherry picked the bottom to top. Which btw used to also be way more volatile in prior cycles too. BTC is trillions now, it just doesn't grow anymore like it used to, nor should you expect it to. It also probably won't collapse temporarily like it used to. Either that's an issue as you wanted BTC to raise your purchasing power, so you picked it over some Vanguard growth fund, or you don't care and will hold it anyways. If you want growth in dollars it was probably a good exit to exit at >100k, but you'll likely get just as good an exit or at least similar if you exit at the next run. Given diminishing growth after that, if you hold, just do so without expectations you get to tell people "have fun staying poor" and all that stuff.

JeremyLinForever

I think it absolutely offers insight to the argument. If you sell, we can see exactly how long it takes to get the BTC scooped up and at what prices. People can hold whatever assets they want, but the truth of the matter is property is done for with these high interest rates, the stock market is insanely overvalued, the S&P 500 is just being pumped by the top 5 companies and so many companies below them is misses estimates or misses revenue. I just think you need to sell your BTC for stocks and come back crying in a few years.

RiskOnOnly

I’ve been holding Bitcoin since 2018. At this point, I’m looking for ways to maximize my Bitcoin gains and get amplified exposure rather than simply holding BTC.

Impetusin

MetaMask should be a temporary holding method for trading and no more than you are willing to lose. Coinbase has some really good physical security measures that go past the technology, which makes us less agile for trading etc, but safer!!!!! No, I don’t suggest you stay away from BTC. Not yet. The protocol itself is rock solid and secure.

windex8

It is viable. Here’s the difference. My brother told me to buy this thing called bitcoin while I was making more money than I knew what to do with. BTC was $42. Had I taken one paycheck, that $8800 would be worth 33% less today, and the interest wouldn’t have even zeroed out the inflation. That same 8800 would be worth over $16,000,000 today. And, I want it to be known I called my brother retarded and instead bought an IWC I took a loss on 😂

Professional_Run2842

Yes , buy BTC with everything you got .

kevin-creates

For me, it was back in 2016-2017 when it hit right around $20K for the first time. I had been loosely following it since its inception but back in 2009-2010 it was too hard for me to grasp the importance much less have the technical know-how to store it. If I only had a time machine to shake the crap out of my younger self to figure that out. More ah-ha moments came when I started listening to audio books on sound money and just how jacked up our monetary system is. Not just in the States but around the world. It's insane to me, actually. So, now I'm full on BTC Nerd, run mining rigs, DCA, everything except running my own node. That's next on my list.

mpbell

I get that this is not how BTC is supposed to work, but in an undisputed hack like this, could 51% of the nodes agree to reverse the transactions?

Awkward_Potential_

Not your keys not your coins is a tough lesson. But people who learn the lesson are better for having learned it. Stuff like the Coldcard hack was way worse from the standpoint of holding BTC long term. This is just an exchange hack. Also, who lost their coins? Binance is making everyone whole afaik.

MMButt

Is this a joke? I didn’t realize people are thinking of 10k. Bitcoin losing >90% of its ATH is not a good thing for anyone interested in long term holding. 10k. Then what? You can finally be a whole coiner and you hope it will triple again? If you’re going by history for non-BTC coins there isn’t any precedent for losing 95% of ATH then doing a 100x again. And yes bitcoin was first and bitcoin is different but it will become even more niche and a sinking ship if you have to convince people to buy something that is down 95% and say it will definitely come back. Think this through. It’s not just about how much bitcoin you can accumulate. Why would you want to put thousands into something that everyone else is losing faith in without a guarantee of coming back?

Farmer-beginner

If that happens, can you imagine a line of people waiting to buy BTC cheaper? Generational opportunity for many.

OtherwiseNeat9617

Its noted... everywhere. Do you think they kept all of it in one hot wallet ?? Also, more information. Ethereum smart contracts caused the hack. Native to ETH. If the BTC was in its own wallet it wouldn've been safe. Shit coins again

Scared-Permit2587

I have my stack in one of the large ETFs. Why is that not viable. If BTC goes into the millions so will my ETF. Leave the cold storage/hot storage to those guys with all the indemnity that confers. All the "my keys my BTC" people are more worried these days than the ETF holders.

Technical-Ad-8678

id do 25 months for 185 BTC, whos with me?

Kommandant_Milkshake

I 100% agree, and my money is where my mouth is, almost all my BTC exposure is IBIT. Blackrock is the largest asset manager in the world, no way they'd let a disaster like the recent Binance hack happen to them. The primary custodian of IBIT's BTC is Coinbase, and most of it is kept in cold storage, unlike with Binance's recent hot wallet hack. With IBIT, you also get access to options, shorting, and margin, which you don't have with BTC directly on major platforms like Robinhood.

Next-Succotash-3827

Yes. That is absolutely correct. But for my peace of mind I had to legit go. Thank goodness I still have the majority of my holdings!! LoL. But I lost probably an accumulated total of 1BTC. Celsius users also experienced this. These exchanges were loaning out users funds and we're highly leveraged. Then when the inevitable crash came the funds were lost!! Criminal behavior for sure.

Kommandant_Milkshake

Well, if you add or subtract a year from that chart it's beating the market by a lot. The arbitrary 5 year time frame just so happens to coincide with the peak of the last cycle, and the bear market of this one, so of course it looks bad. I still believe that BTC will beat the S&P 500 by at least 2x this cycle.

Thathitfromthe80s

Yep I’ve had the majority of my BTC at fidelity since 2017. It felt “uncool” at the time but not til recently do I feel much more validated on that decision.

Fred_Dibnah

Is it possible for them to even spend the BTC?

Maleficent_Map5897

BTC is more of a volatility instrument now as far as investing goes. There is still plenty of money to be made outside of price appreciation

Weird-Web7456

U ppl kill me. Age well? It’s been 4 days… It will hit $250,000 min by the end of this cycle just about to start. I gotta get off this thing. U must’ve made ur first BTC buy 14 days ago. Just sell it, all $14 and go by a scratch off

Weird-Web7456

What are u even saying? Just trying to be funny with a joke that makes no sense and 14 ppl vote for this stupid comment. Bunch of front line soldiers you guys are. HE DIDNT MEAN IN 4 FUCKIN DAYS DUMBASS. Please sell ur $12 of BTC and go buy a scratch off

Badj83

Why is everybody talking about the 5 year return today? You’re taking willingly taking the highest and lowest data points of a notorious 4 year cycle and drawing dooming conclusions. If 5 years was your timeframe when investing in BTC at ATH, you might be as dumb as you sound.

Tobias_CBC

That’s a fair distinction: holding up better than metals is relative resilience, not proof the decline is over. I’d look for BTC to reclaim and hold a defined level with spot participation, rather than treating one comparison window as strength.

Lavayo

Because they understood it's not: Fiat vs BTC / Altcoins but Fiat / Altcoins vs BTC Altcoins are privately minted Fiat currencies on a blockchain.

devCheckingIn

ETFs got destroyed and obliterated and annihilated and explodeded yesterday, but BTC price didn't move as much. Does that mean we see the price move when markets open Monday? I can never figure out the timing on big ETF moves vs. BTC price.

aeklund68

If there wasn't an AI related trade staring BTC in the face, I think we'd have a different situation. AI stocks are serious alpha opportunities whereas BTC, at this time, is not behaving that way. In fact, I imagine most retail inflows are going to NVDA, MU, and SPCX, rather than BTC. If AI didn't exist, it wouldn't surprise me if BTC was over $100K right now. There's limited money in retail.

Odd-Internet4497

In my opinion, all of this is happening as if it were orchestrated to push out retail investors. Maybe I'm wrong, but as time passes, we see fewer and fewer retail investors and more and more corporations coming in and buying BTC.

FireZig

interesting, what's the tax called for this? When I was researching BTC mining in UAE with a licensed mining company there was no tax included. What's your setup exactly?

LittleLeeno

That's an interesting perspective. Whats your bottom line though, that BTC isnt worth holding?

phikapp1932

They valued the BTC at its USD value of 18k even though it was worth 55k at the time of payout

Gloomfang_

People keep it in the BTC because they expect a better return not because it's safer

6DeliciousInches

Binance assets under management is $160 billion. $5 billion was stolen. ONLY $155 BILLION REMAINING AT BINANCE ARE WE FUCKED OR WHAT?????? FTX had $9 billion AUM and misappropriated… $9 billion in customer funds. So let’s go over once more. FTX lost all the money. Binance lost not 5%. Final point, a pump is a $1000 BTC 1 min candle.

SenatorAstronomer

Do you believe in BTC or are you buying it straight as an investment vehicle? I find it not at all ironic that this post comes up after BTC dropped nearly 10% in the last 24 hours.   If you are looking for a quick profit, move on.  

Rortherina

Hey! Think like it was a normal bank transaction, where you setup the receving address of the money. Electrum, the wallet (or bank in the example) I was using, is the thirdparty that connects my money to the BTC network (blockchain) BTC has a system that the more fee you pay, the more the network will prioritze your transaction to be executed. So, I tried to execute a normal transaction, and it failed due to network capability. Since it was a large sum of money, I just wanted to get the transaction through, and in the moment I tried to rexecute it paying a larger fee (to be prioritized), Electrum (my wallet) had a security breach that allowed a hacker to change the receiving address of the transaction. The hackers address has the same 2 and same last 4 characters of my real address, so, since I had already checked all data many times, I just checked the last part, and sent it again. With that, the coins were sent to the wrong address.

Perfect-Expert9533

This statement is actually pretty accurate! “When in doubt, zoom out.” means that when you can't figure out where Bitcoin is heading on the 15-minute chart, step back and look at the bigger timeframes. “Trading Bitcoin on a 15-minute chart is just astrology for men.” means some traders try to predict the future using chart lines and indicators, almost like reading a horoscope. But there's a difference: 15M: Short-term moves, more noise and fake breakouts. 1H: A clearer picture of the short-term trend. 4H: Bigger swings and more important support and resistance levels. 1D: The overall market picture. Charts aren't magic. Technical analysis helps estimate probabilities, not guarantee outcomes. A simple BTC trading rule: Check the 4H for direction, the 1H for key levels, and the 15M for entry confirmation. Always define your stop-loss and risk first.

Odd_Delay4411

Good luck to try to sell significant amounts quick with KYC/AML regulation in place. Nowadays you need to bring your BTC weeks earlier to a CEX. Since all the kafkaesque hoops you need to jump through take weeks, sometimes even months. By now I leave always leave some on a couple of exchanges to be able to sell in time. This really sucks to be exposed like that all the time.

kgtrip

So, what's your recommendation? What can an average crypto user with some coins in MetaMask actually do to protect their assets? And secondly, would you stay away from crypto and BTC altogether for the time being?

steelchairframe

I believe the current CAGR of BTC is around 30%. Pretty good returns but not getting dividends hurts commodity buyers. Always has and so only raw price helps ease the burden of poor performance. Probably best to exit positions at the next ATH. Inflation will make sure it has an ATH, hopefully it's inflation adjusted ATH!

steelchairframe

This is stupid and offers no insight to either argument. If anything it drives home the loner mentality that many BTC holders posses. They can't fathom that people might own stocks, property and BTC and so they might be comparing their returns. OP capitulating doesn't magically create the next leg up. What a ignorant idea. If anything I'd say BTC needs less arrogant people like yourself.

nugymmer

Yep, but try telling some alt coin bagholder who is trying their hardest to hope and cope that BTC is the only thing that will save their ass in the end. You have a better chance at picking the highest cherries from any given tree.

Rortherina

Hey man, thank you, I feel very touched by that. I tried to set up a Go Fund, however it does not work for Brazil. I am looking into international solutions for donations (any suggestions?), however, if thats what your heart tells you to do, you can donate to my BTC wallet address - the same one I mention in the post. * **bc1qnjtc6qwqshq7s8swfh8ww0lv63pt4t6mku6537** I edited the post to include a donations topic, commiting myself to sahre with local comunity here in Brazil every penny that exceeds the 0.87BTC that were lost. Thank you for that and God bless you!

AutoModerator

Post is by: BarracudaCertain3774 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1xk3xjl/the_biggest_crypto_heist_in_history/ $6.3 BILLION stolen from Binance. 18,270 [$BTC](https://x.com/search?q=%24BTC&src=cashtag_click) moved into wallets nobody can freeze. Approximately $3B in assets frozen. And somehow, Bitcoin dropped only a few percent. Was the market prepared for this, or did someone absorb a selling shock that should have sent [$BTC](https://x.com/search?q=%24BTC&src=cashtag_click) much lower? Let's break it down. 🧵 *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.*

BuildingThink

The question is, which vulnerability they used to stole such BTC? Is it still there? Is it just something related to binance?

nugymmer

I keep fucking saying that BTC is the only game in town.

wkhan-74

A 10-year chart can prove BTC went up; it can't refund the years your money sat there.

Narrow_Comparison_58

Doing the same ... 1. DCA at a flexible pace (e.g.: not exactly every Sunday, but the same principle of buy low) 2. Other options accumulating BTC via purchases in daily life (e.g.: Lava) Disclaimer, not affiliated with any 3rd-party platforms, all my independent opinions and personal practices.

FreeAppeal6537

Moral : No matter how much you mine/own BTC, North Korea is behind you.

SingularityXZ

Sorry guys I was the one of those guys selling all my BTC for USD... To BUY the freaking DIPS lmao. No gambling btw.