BTC

Abject-Stretch-1187

Yah your perspective is dumb unfortunately as I’ve stored BTC for the same amount of years as well. Here’s perspective, unless you don’t believe in tech, then as more people adopt BTC then it’s only natural that there will be more hw or better ways to store BTC in self custody just as much as some will use the ETF or exchanges. Thinking self custody will just stop growing or cease to exist is just wishful thinking. There will be ETFs or exchanges in the future that will wreck holders and push more adoption of hw and vice versa. This isn’t even a theoretical statement as it has already happened, remember mtgox, ftx? 

Tokentactico

Halving math on this cuts both ways for miners specifically, worth separating from the "just sell BTC" question since a lot of people in mining threads conflate the two. If you're mining, the thing that actually forces the sell decision isn't price, it's your all-in cost per TH versus reward per TH. Take a rough mid-efficiency rig at 12 W/TH, $0.05/kWh electricity: that's about $0.0144/TH/day just in power, before hosting or maintenance fees. Reward per TH scales with (BTC price × block subsidy) / network difficulty. Difficulty has kept climbing basically every quarter this cycle regardless of price, so your reward per TH has been shrinking even in months where BTC went up. The April 2028 halving cuts the subsidy in half again. Unless price has appreciated enough by then to offset both the halving and whatever difficulty does between now and then, a bunch of mid-and-lower-efficiency hashrate goes cash-flow negative on electricity alone, not just unprofitable on ROI. That's usually what actually triggers hashrate coming offline and difficulty dropping, not sentiment. For someone just holding coin with no mining exposure, none of that math applies to you directly, it only matters insofar as a wave of miner capitulation can spike volatility short term. So the "time to sell" question really has two separate answers depending on whether you're holding the asset or holding the machines producing it. Worth being explicit about which one you are before taking advice from either camp.

OkProject2361

I’m trying to figure out a plan to systematically move my sats into the ETFs. I don’t like it, but I’m also not technical enough to keep up with this stuff. This is a huge blow to the BTC adoption ethos.

jonovision_man

Inflows? For every BTC cold wallet holder switching to ETFs there's going to be a dozen ETF holders dumping BTC entirely. It has not sunk in what this hack really means to most people - it strikes to the core of what BTC was meant to be. You can't trust anyone, so trust cryptography. Whelp...

Optionbulls

My BTC aren’t gone

b1mm3rl1f3

We got our black swan event this cycle and BTC hasn't dumped.. yet

iKarma_com

If you’re moving to a BTC ETF because Bitcoin seems too risky to hold in a wallet or exchange, why would you believe an ETF will be a good investment?

Impossible_Bug1264

And this is why BTC will ever be a legitimate currency.

Gooner_93

They might, if the wallet had a substantial amount of BTC that was transferred out but I doubt they are checking seedphrases with no activity at all, cause theyd most likely be wasting time.

AnnArbor-Armadillo

Yes, I've always got attacked in Bitcoin spaces for saying this, and probably will again. But I really believe that unless you are immediately trying to leave the country, I don't think there is a good reason for most people to hold all their BTC in self-custody.

PeteyPab305

Left and right? Dude its only happened **exactly 3 times** on a widespread, systemic level across the broader crypto landscape. That includes this one. It's not "left and right" its a rare oversight by a mostly unused wallet manufacturer. And honestly if you stay up to date with your knowledge base, you could easily escape this happening by using multisig wallets with passphrases. It's not that complicated, it's just human error plus laziness and surround a large sum of self-custodied BTC. Not to say OP was lazy but with that amount, you would think you would want something more than a coldcard single seed wallet to hold it.

Good_Extension_9642

In other words buy BTC ETF only now

Relentlessbetz

So is this the bottom guys? Feels like a similar FTX eff up. So the only real way to store BTC is memorizing your seed phrase and nothing else.

Numerous_Concept2468

My buddy had his wallet drained….16 BTC

WizofWallstreet

It’s well structured for many years to come, after next bull cycle for BTC maybe I’ll have a different opinion but so far they are pioneering something that people seem either reluctant or unable to understand. Watch and see

Fro3en_Cornchip

I certainly don’t think it’s as bad as people make out. People always refer to the mt gox scenario but that was back when BTC was starting out. Things are a lot different now, I feel pretty confident having holdings in my kraken account. But I also have most on cold storage. It sucks though, I would have felt very confident using a coldcard too… feel really bad for OP and the others who suffered losses.

Wisguy123

She is unfortunately following the orders of a foreign scammer, not buying BTC with her SS money to become wealthy someday. So sad to see this.

TalknTennisPodcast

At this point I’m just gonna buy a BTC ETF on my stock trading platform. This is ridiculous

cardpilled

Congrats, hope it shows up fast. India's card options being thin makes sense, most issuers just don't want to deal with the RBI/FEMA compliance overhead for a still-uncertain regulatory picture, so you end up with a handful of niche players instead of the big names. On pros/cons: the "don't have to think about conversion" thing you mentioned is honestly the whole value prop, but worth knowing what's happening under the hood. If it's converting your crypto to fiat at swipe, that's a taxable sale every time, doesn't matter how invisible it feels to you. If you're spending a stablecoin instead, there's basically no gain to report since the value doesn't move. Good idea to check which one your card is actually doing. On the "not sell your bitcoins" thing, that's actually live already outside India, just not common yet. A few cards let you borrow against BTC/ETH as collateral instead of spending it directly, so you keep the position and just pay back the loan later. No credit card version of that reaches India yet as far as I've seen, but it's the same idea people mean when they bring up that meme, and it does exist elsewhere. Nice find on the Poshvine rewards stacking, that's the kind of thing that makes a mediocre card actually worth carrying.

Good_Extension_9642

As soon as the BTC ETFs were created I stopped buying pure BTC, this way I sleep better at night

Training_Pickle_9513

just buy the coin man, you're overthinking the spread vs fees like it's gonna matter when BTC hits six figures the mental energy you're spending on this is worth more than the $100 fee or whatever spread you'd pay. get the full coin and enjoy having that milestone instead of watching it creep away while you DCA $11 a day

Cold-Fill927

*“Grandma I was arrested and my bail is 0.347 BTC”*

Aegonyx

First of all, with the recent BTC coldwallet incident, interoperability crypto coins will be very relevant. As people need to move their coins from - to different exchanges/wallets. A crypto project that I found very interesting is called Axelar, it has some weirdly insane partnerships, integrations (XRP, Stellar, Sol) etc.. it connects over 50 or 60 networks, and they're working on a "gasless fees feature". The project is weirdly undervalued when meme coins are doing 50% pumps. Please DOYR. That's what I found on my own. Good luck to you.

Aegonyx

For the last part of your post; Look for undervalued crypto coins. That's your only choice. Please avoid meme coins if possible. For example, with today's BTC coldwallet incident, interoperability will be crucial as everyone will be moving their funds from - to exchanges. A project I found to be very interesting, and weirdly undervalued is Axelar. It has insanely strong integrations, it connects dozens of networks, "secure" and they are implementing a "gasless transfer fee?" Either way, there are many promising projects out there, please DYOR.

Aegonyx

Guys, Interoperability coins are most likely next in the cycle after AI. For example, with today's BTC coldwallet incident, interoperability will be crucial as everyone will be moving their funds from - to exchanges. A project I found to be very interesting, and weirdly undervalued is Axelar. It has insanely strong integrations, it connects dozens of networks, "secure" and they are implementing a "gasless transfer fee?" Either way, there are many promising projects out there, please DYOR.

Aegonyx

Look for undervalued crypto coins. That's your only choice. Please avoid meme coins if possible. For example, with today's BTC coldwallet incident, interoperability will be crucial as everyone will be moving their funds from - to exchanges. A project I found to be very interesting, and weirdly undervalued is Axelar. It has insanely strong integrations, it connects dozens of networks, "secure" and they are implementing a "gasless transfer fee?" Either way, there are many promising projects out there, please DYOR.

Always_working_hardd

IIRC, theft of BTC is unfortunately not something you can turn into a vague positive with the IRS.

mcalibri

I barely trust BTC itself.

Aegonyx

For those in the red, I think after today's BTC incident, interoperability coins like Axelar will be very relevant/important. A lot of people will be moving their coins from - to exchanges, and for that they'll need secure and cheap interoperability services. Please DYOR.

LionRivr

Settle down bud lol. I’m not talking about BTC’s finite supply versus fiat currency debasement. I understand that side of BTC very well. However, I’m talking about self-custody of assets versus depositing with a bank. Including things like gold.

itreallydob

They haven’t tried cashing out yet. Every reputable exchange and service is watching the blockchain for incoming BTC from the attacker and will freeze funds. Law enforcement and blockchain intel companies are monitoring the attacker’s address and will trace the BTC where ever it goes. All that is to say it’s not over yet.

Abject-Stretch-1187

Don’t be daft. Those self sovereign citizens you mock are literally the reason why you’re able to buy and own BTC with the least amount of worry compared to how it was in the past. You guys literally didn’t realize how hw became a thing. Mt gox anyone? It’s a cycle, trusted custodians blow up with everyone’s coins, hw steps in to the rescue, now some hw mess up, we revert back but it doesn’t mean it’s over for hw. Don’t worry, you guys will find another reason to hate ETFs soon enough and then run back to hw. 

DontLook_Weirdo

While BTC is trying to be an asset and is treated as such, Eth is trying to fix how money transacts. ETH is a terrible performer in the sense that it's incredibly boring.. rarely moves up or down, but the tech is there and it'll implement. When it does, it'll take off.. but it's 100% faith in the tech because ETH is so very boring on charts.

eckstuhc

It’s “okay” today, but there will come a day when one of two things happen and it will be catastrophic reminder of why not your keys, not your coins: 1. Loss of keys, whether malicious or incompetence. Even large corporations have mess ups and they have to revoke certifications or re-issue cryptographic keys. Let’s just hope whoever you entrust has insurance and the capital to back up the loss. 2. Rehypothecation and fake shares. Right now a lot of ETFs are proclaiming 1:1, they buy BTC to match ETF inflows… but the rule is “like kind”, meaning cash if that can cover it. Additionally, if there’s any rehypothecation or synthetic shares, it’s skirting the 1:1 principle. We may not see it in our lifetime, but I guarantee you one day someone is going to get caught with their hand in the cookie jar. Look at what happened a few years ago with the specific video game resell store. The whole point of BTC is you cannot print more, and one day tradfi will learn this. Just make sure you are on the right side when that happens, because they’re going to make us poors pay for their mistakes, like always.

Opioidopamine

self custody isnt a failure en masse …….yet . just depends on what perspective and practices one held/holds If ones strategy was a window of opportunity during a phase of development, took the trading gains, the airdrops, cashed out paid bills , bought real world assets ( personally for me, tools, hardware, shop space, gem lab equipment, gemstone rough, silver & gold etc etc). Then the self custody worked. For a few fleeing the Ukraine apparently, self custody worked. I never looked at self custody as a decades solution, even a few years was stretching it. Im 95% out of crypto overall, 800% up over a decade, never hacked other than a sim switch. the narrative that failed was self custody going mass adoption….no way. Even the shabby state of crypto taxes is a no go for many folks. I hated keeping BTC long term, I wanted asset transactions that took seconds/minutes. my condolences to those that actually lost in this exploit.

Winter_Chemistry_81

So what u guys using for BTC ? I have ledger nana x! Is that still safe or not ? I don’t know now

ContentBlackberry0

The attacker obviously doesn’t know what to do with the coins. They are just sitting. How are they going to rinse 500 BTC?

beastmanzx

That wallet version was created in 2021. BTC was ~$50,000 for the first time in history then. Ironically they probably moved it there for extra security because it was becoming a very large amount of money.

TheSauce775

Single sig, there is seed signer, bitbox, even trezor is okay, and for multi-sig, theres bitkey or even unchained is great collaborative custody.. but heres the thing, you can even still use a coldcard if you want (even after this recent exploit of their mk2 & mk3 default Random Number Generators) because it is CRUCIAL that no matter what seed you create on a cold device, make SURE to fully incorporate dice rolls and/or coin flips for FULL ENTROPY(randomness) rather than rely on whatever the device’s claimed RNG(Random Number Generator) default seed generator gives you, thats the main thing we need to spread in the BTC community after this horrible incident involving coldcard. 🧡

Filmexec21

Thank you. My seed phrases for both my Trezor and Ledger are completely different from my Coldcard Q. I originally bought a Coldcard Q because it was BTC only, as I like to space everything apart. I did not even know Coldcard Q could even be integrated with Trezor and Ledger.

LionRivr

Turns out, Bitcoin is still in the wild west. Self-custody is ideal, but much riskier than holding on exchanges or purchasing ETF’s. It’s ironic. Because true BTC maximalists would be against fiat currencies and banks, but times like this remind you at least one reason why banks even exist in the first place. They provided security for your gold, cash, etc. people wanted it.

No-Wrap3568

On a side note, what actually makes me furious is that we'll hear a lot of noise saying exchanges are better or people should just buy ETFs for BTC. I hope people understand if we start doing that, Bitcoin's fundamental purpose will get defeated

BlazingPalm

Does everyone put in an equal amount for the CJ? Like if 100 people put in 1 BTC and this person puts in 590 BTC... it wouldn't work as intended? I dont understand it. I should look into it more.

Left_Entrepreneur918

I kept everything on Coinbase until 2020, I got a ledger, made 24 word seed, did not do a 25th word as I wanted to make it as easy as possible for my wife if I died. However I recently got a Trezor 5 BTC only and I am going to make a multi seed on their new BIP standard. Gotta find a way to make it easy for my wife.

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Post is by: stefansilva_xrp and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1vc38ob/donald_trump_is_the_worst_thing_to_happen_to/ I'm not going to pretend that I ever liked Trump I have never been a fan of Trump. He called Bitcoin basically a scam in his first term and this term is responsible for the poor performance in the bull market. Had Trump not done those tariffs the dip in Q1 2025 wouldve never happend and I believe we wouldve reached close to 160k therfore the current bear market wouldve been as bad as others and not this horrible one we are in know. Under Biden the SP500 and BTC was trailing side by side no doubt BTC wouldve crashed this year but the impact wouldve never been as bad. Under Biden and Gensler they were keeping scammers at bay. Shitcoins together are the size of Ethereum market cap there is a scam crypto exchanged named Changelly and those who have been victims of them wish the US DOJ took them to court. Biden and Gensler were targetting bad actors. *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.*

BlazingPalm

searched google AI for the 1st one, checked it out in BE, it had like 32 BTC remaining. The rest had been transferred to a new address. All the other incoming "sweep" deposits were all in a very tight range. It was odd. I'm just interested in the mechanics behind BTC chain analytics and how much of the BTC supply is perceived as forever gone, "tainted", etc.

BlazingPalm

So the stolen BTC can go into a CJ (are there other types of mixers?) and it's truly like, 'poof' - springs up in a completely untraceable address(es)? Big chain analytics cant possibly follow? Or NSA?

MonsieurGump

You mean “Putting a grand into my UK pension and getting an immediate uplift from the government that turns every £60 to 100 allowing me to buy 66% more of an ETF that perfectly tracks BTC” isn’t a terrible idea?

MC_SKWAIRD

BTC can be leveraged. They’ll just provide the wallet as collateral, take a loan out, then default in the mid term. Some bank will repo the stolen coins and into the ether it will disappear because this will be a few years down the road and no bank will want to admit they secured stolen coins as collateral.

Routine_Fun_9964

I do. I honestly was terrified of losing my seed phrase. I don't have to worry about that at all. To my knowledge, it's the most user-friendly hardware wallet. It only supports BTC and I also prefer that. The wallet has a screen and one must use their fingerprint. I'd check out youtube to learn more about it. Make sure the videos are from the last 3 months. The older version didn't have a screen but functioned essentially the same.

jdancouga

Drama! I love it. Just a matter of time when crypto goes bust. BTC drop to zero, another coldcard incident, the upcoming BTC fork, etc. I will be here. Again don’t cry for service when all you preach is to cut out the middleman.

Mindless_Jeweler8048

Lol don't use coinbase that's for sure!! I would stick with a self custody wallet if I wasn't gonna buy a trezor but yea forget exchange if it's any decent amt of BTC for sure idk why I even put exchange on there 🤣

Romanizer

The two first positions were reported as one sale of around ~3,500 BTC.

OkProject2361

I’m starting the process for this now. I’m not technical enough to to keep up with this. AI models will only continue to become more powerful. I can’t risk it anymore. This is a huge blow to BTC.

loupiote2

But as soon as you initiate a BTC tx, the firmware has the cabability to steal your coins.

Coininator

https://www.blockchain.com/de/explorer/addresses/btc/bc1qnk4zh9qcnap2mycp56qjrgza3cc8ylrh8fecp0 In the first 15 minutes, 500 addresses were drained 594 BTC and all coins sent to the address linked above. My guess is that this was just a batch of the 500 most profitable addresses, with more such batches of 500 being exposed.

BeginningMost6014

that is the sole argument a Bitcoin purist will use regarding not using an ETF. I, personally, think the pros outweigh the cons and alternative options. I'm a pragmatic investor not ideologue (not hating ideologues - just not why i own BTC).

Whatnam8

Yes the direct deposit and I have a small amount of recurring buying going on too with the supercharged function for when BTC dips decently

AutoModerator

Post is by: sylsau and the url/text [ ](https://goo.gl/GP6ppk)is: https://inbitcoinwetrust.substack.com/p/the-bitcoin-entropy-nightmare-coldcard **🚨 $38 MILLION IN BITCOIN STOLEN. 🚨** Not by a phishing link. Not by human error. By a fatal hardware wallet bug. Nearly 600 BTC have been drained due to a critical low-entropy flaw in ColdCard wallets. A firmware bug dropped seed generation from an unbreakable 128 bits down to a predictable 40 bits. That means your "random" words can be brute-forced by a hacker's script in a matter of minutes. **ARE YOUR FUNDS AT RISK?** Ask yourself these 3 questions: \- Did a ColdCard Mk3 generate your seed words? \- Did you NOT use a passphrase? \- Did you NOT roll your own words with dice? **If you answered YES to all three... MOVE YOUR FUNDS NOW.** Even to an exchange if you must. KYC and taxes are downstream of losing absolutely everything. Read the full security breakdown, mathematical deep-dive, and emergency remediation guide right here: 👇 *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.*

reddit4485

> no evidence that anyone's funds have been stolen because of this bug. This statement is wrong! Before any articles about this someone posted about their bitcoin being drained on a ColdCard (see below). Redditors analyzed the transaction and found 594 BTC were drained from over 500 wallets and transferred to a single address. The CEO of ColdCard initially denied this was their fault and said it was a user error. Then, by the end of the day, they acknowledged its a vulnerability and others replicated the hack. https://old.reddit.com/r/Bitcoin/comments/1vatgl4/full_panic_one_of_my_wallets_was_drained/

DryPufferFish

I have seen an estimation around 590-600 BTC (some 40milion USD) but I guess it still could be larger? Not really sure how would they have access to exact data.

Filmexec21

If I transfered my BTC to Kraken would I be okay? I have a Coldcard Q, and it sounds like it is compromised. I was going to send my BTC to my Trezor or Ledger but from what I read that will not fix problem.

Hoppy-01

Likely AI helped find the bug, humans (or their scripts) stole the coins. Coinkite said their open-source code has been public for years, so they assume someone used AI to review old firmware versions and spot the weak RNG. Their own AI code review a few weeks earlier missed it. The actual drain — sweeping \~594 BTC from \~500 wallets in 25 minutes — was done by attackers who then used those weak seeds. That’s standard human-operated (or script-driven) theft once the keys are known. No evidence of a fully autonomous AI agent doing the on-chain moves. Firmware patch was issued and is available.

bigsequence

For real. I just drove 5 hours to check my account. Thank Fack I was not drained, transferred BTC out. My heart goes out to ones that were affected.

fan_of_hakiksexydays

Keep in mind, the $200M net inflow for July is the record lowest inflow that BTC ETFs has had, so it's not an impressive number. It was teetering all month on the edge of net outflow, and got rescued at the last minute. We've had mostly outflow all year, and we're talking in the Billions. $200M is a drop in the bucket in comparison.

DangerHighVoltage111

I have no timeframe, the sooner the better. Could be through a slow process of local pockets or through a big financial crisis. Because it is better money. All the arguments that get made for BTC are actually true for BCH. Sound money you own, control and can transact without a third party, for everyone.

IllllIIlIllIllllIlll

Only 594 BTC (so far), no big deal!

Nossa30

Safe? I hope so. But they are insured so you can aeast get the value back in cash. You definitely won't get it back in BTC.

fan_of_hakiksexydays

Then other miners would replace them. Miners aren't irreplaceable. But I'm assuming you mean if miners stopped, and somehow nobody replaces them. Then yea, blocks would stop, and there is no chain anymore. It would become frozen. But there's still a far better chance of you seeing your bank freezing than ever seeing BTC freezing. Even if interest was to completely die out, and it went back below $1.

missourifats

This is the takeaway. We tend to think of freedom as a one way street. There are new problems, pitfalls, and responsibilities that accompany freedom. We often like to pretend they dont exist. I was just thinking this exact thought as I sit here and wait for the biggest BTC transaction ive ever pulled to show up into a non cold card wallet. "This is the business we have chosen"

jilinlii

I use both Trezor and Bitbox02. Both offer BTC-only firmware. Look into them if you're interested.

hugo_posh

When you sees go talk to them because i just know she's been called by "the IRS" and told to deposit 10k in BTC.

Enrrabador

And people used to say Coldcard was the safest because it was BTC only…

Roy1984

She actually came to sell BTC that she bought at >$100k price...

TheDickrickerAccount

It literally does though. Did you read it? “…we will be enabling bitcoin as **a** default payment method…” In the Sqaure merchant account, you have a menu to choose your default payment method for customers. Sqaure is now enabling bitcoin to be chosen from that list as “a“ default payment method. This does not mean BTC will be the default moving forward. Just that it’s now an option for merchants to choose it as a default method.

xiskghferx

Agree. I would actualy use existing Coldcard, create new seed with dice, add passphrase and transfer BTC to new wallet. But he needs to know exactly what he is doing, otherwise he would hack himself...

fan_of_hakiksexydays

MSTR and STRC might be up there as some of the dumbest things to ever hit this space. It's purely greed driven schemes. While I'm glad Saylor helped pumped my bags last year, it's not what I got into BTC for. And I'm also not liking how it's controlling such an increasingly massive share of the active supply of BTC in the market. I don't know if people realize it, but they are controlling far more BTC than FTX and Luna ever had combined. Despite the drop in price, Strategy's BTC holding are still worth way more than the total market capitalization of Luna and FTX at their peak.

pysirlabs

whale wallets selling doesn't automatically mean bearish btw - a good chunk of that 10-10k BTC cohort movement is usually just custody rebalancing or OTC desks moving to cold storage, not actual spot dumps into the market. the eth etf inflow number is the more telling signal here since that's fresh money actually choosing to enter, not existing holders shuffling around. are you seeing this show up in options positioning too or just spot/etf flows so far?

suspicious_Jackfruit

I would argue most actual cypherpunks from times of old are fully aware of the quantum threat due to their exposure to it in cryptography, everyone who is BTC ride or die now is just liquidity for someone elses exit. People are so tribal, it's incredibly dumb

Callout_Official

Bear markets are when people actually start caring about probabilities instead of hopium. "Stick to BTC unless you have real alpha on alts" is basically the same lesson as prediction markets — only bet where you genuinely have an edge, skip the coin-flips

EyesFor1

The BTC will be trackable to a certain extent.

theincognito66

Due diligence is really important in this space. It's apparent to me that there was this obvious vulnerability that should have been caught many years ago. But also, there were advisements to "roll dice" and add passphrases to these seeds that were generated initially. Those who did that are not affected. But no, the company does not carry enough E&O liability insurance to cover this kind of event. They can and should be sued as they are definitely negligent. But the folks that lost their BTC will need to mourn their loss and start over

IBAN-IBON64

BTC HODL DCA mais pas sur ces distributeurs

Gangaman666

Yeah sell that old woman, to buy more BTC 👀

quintavious_danilo

Bitbox02 BTC-only edition. Best on the market.

Badj83

Men I am so glad I sold the BTC I had on my coldcard to buy some ETF instead.

Itur_ad_Astra

- End of the month. - Friday. - BTC/ETH failing to overcome resistance for weeks. Yeah, this weekend is going to be a bloodbath. You know it, I know it.

No-Setting9690

BTC is same gamble. No different than stocks really either.

Opsacyad

If you also understood, then you would have sold at 120k and never touched any shitcoins again, BTC included.

OrdinarySmoke3176

Trezor BTC only. Please don't avoid big name players specially these OGs

Donniejuanny

She’s not buying bitcoin for herself. She’s being scammed on Facebook or some other platform and sending the untraceable money via BTC to a Nigerian Prince. No doubt !

BestialitySurprise

I wouldn't eat the 7.5% APR to hold more BTC for the short-term. When Covid hit, If I thought that was a good investment, I'd go take out a couple million and buy right now. But despite that I have a line of credit with my bank and easy access to loans for my house and warehouse, prime rate right now is a bad deal with assets collapsing. Now is the time to play it safe and buy in when everyone is in a panic. BTC hasn't seen the full brunt of a recession, yet. It will not be impervious to the demise of the financial sector.

BestialitySurprise

You have nothing to worry about. This is still a bear market. It's going to fall down more going into the Fall and probably next year, just like how most assets are going to be collapsing when the financial sector starts to cave. We're already seeing all of the AI investment momentum is running out of steam and that it's way over-valued, despite that companies are still making money. There's going to be a lot of people like you selling to get cash that they need. Wait and buy back in at the $50\~$55k range. It might even go lower. I sold all of my recent $58k buys at 63\~64k and haven't flinched over it slightly rising up to the 66\~67k range. It's peanuts. I just sell my mining revenue as soon as it comes in because I'm still super bearish on all assets, including BTC. I'm pretty much all government bonds at the moment and buying BTC only when it suffers a huge dip, looking for a small gain before bailing back out. I'll be dumping a lot of money in and holding soon, though.

HSuke

Even investment companies like Berkshire Hathaway invest in **other** companies that produce **real goods and services** for real customers. Down the chain, it's involved in real value creation for external customers. MSTR, STRC, and BTC are circular investments that don't produce real value or utility. BTC is a negative-sum game for investors. Some investor value is being permanently lost to mining and electricity/e-waste.

MrMoo151515

Sorry it happened to you man. I was actually thinking about you falling asleep last night and can’t even imagine being in your shoes with no real recourse. I did the same thing. Similar set up. Thought I was doing the right thing. Air gapped etc.i just happened to be using the MK4 which I know is still compromised it just happened to buy me time for my new set up. I truly am sorry it happened to you. I wish I was wealthy and could just replace what got stolen. I’m wondering if we as a community can set up a go fund me for you. I’d be happy to donate at least some BTC

Affectionate-Pay3813

I’m in the same boat as you, all my BTC is with a large institution. My assets are insured under my brokerage and they’re also insured by the institution. BTC is large, but these institutions have far larger assets.  I understand why some want to self custody and others like me would rather not. I don’t think we should argue with each other, it helps BTC in the long run. 

stanley_fatmax

No, they either had ethics or some reason, but they only took amounts from wallets with more than 1.5BTC

Local_Economy

Ledger leaked customer info their tech didn’t fail leading to losing all your BTC I trust ledger now more than ever. Everyone dunked on ledger and moved to coldcard and how’s that working out?

Prize-Bug-3213

But those companies BH own generate cash, or are expected to. BTC will never generate income.

Logical_driver_42

Honestly I think coldcard is fine. If you rolled dice you are fine and the rapid response from coldcard makes me trust them in the future. Unfortunate for these people but they really weren’t following best practices. In multiple ways you are supposed to add dice rolls and you are supposed to never use the same wallet twice which all these people neglected. It’s a reminder that when you hold BTC it’s your responsibility.