BTC

SuckinAwesome

If your first question about bitcoin is it's price prediction then it's probably not a great asset to buy at this time. If you're convinced by the 'Why' of BTC then it's a great asset to buy.

GenderJuicy

Do you guys really look at the price of BTC and think "I don't think this will ever go up again in the future"?

kardanokid

Putting all thr BTC in a single address that now will be blacklisted... n00b mistake. If it was him, he coulda got away with it... now, he's fuuuckdd.

TwinWake

As long as you can “buy” BTC.

MrSnugs

Really unfair statement. Users of ColdCard tried to do the right thing to keep their BTC safe. Coinkite the company absolutely failed them.

scrandlle

Not a single person can answer this question with any real degree of certainty. There are very little market trends to look at unlike traditional investments. There's no quarterly financial reports from a publicly traded company. BTC isn't used for anything like gold is. Whatever you would hear here, good or bad, is merely a guess. Probably an uninformed one. If you're a bit of a risk taker, BTC isn't a bad thing to speculate on. If you traditionally go into low or moderate risk index funds, BTC probably is not for you.

devCheckingIn

Jim Cramer selling all of his BTC. Good or bad?

TitanicChurro

The best time to buy BTC was in 2009, the next best time is right now.

OkProject2361

Yes, very easy to navigate for anyone that’s ever used any crypto exchange to send/receive BTC. I wouldn’t buy there though, the price slippage + 1% transaction fees on the one buy that I made with them was too much. I’ve been a River user for a while. I’d continue to buy there and send to the Fidelity wallet.

IRushPeople

So why are they selling then? Saylor is on record saying that the plan is to buy and hold the BTC, never sell, or you erode trust

danxtptrnrth1

Same. I also like their supercharge feature for recurring buys. I have a weekly recurring buy set up. On weeks that BTC price is down, it automatically doubles my buy. You can set the supercharge to 50-200%.

Faile-Bashere

Jokes on them. I got scammed out of my 4 BTC back in 2014.

b1mm3rl1f3

Imagine being asked when BTC is down 50% YoY lmaooo

fberbert

The project is educational. I clicked on "verify my seed," and it scolded me, saying I'm the weak link. It then gave me tips on how to store my BTC properly.

JimmySki6166

BTC, the best thing you can purchase! My first BTC was 12k, it’s 63k today. Made a lot of money 💰 with BTC and will continue to to so

MorninggDew

Anything for some BTC bro 👊😅

mrjune2040

And I’ll pay someone in BTC to slap the hell out of them.

JimmySki6166

I have been purchasing up to $500 weekly of BTC for over 5 years now. You can never have enough, and when it’s at 200k, you’ll look back and know you made the right move!!

definitely_Hareb

If you want lowest fees and privacy, BTC is the worst option here. TRX network fees are basically nothing for USDT transfers, like a few cents. For the no-KYC part, just use any swap service that doesn't require an account to turn your euros into USDT TRC20.

a10ondr

Anonymizers, mixers,... You can track it now, sure. What if the attacker sends it to a big common wallet (mixer) which has all sorts of incoming legitimate transactions. You just lost your trace, now you see one big wallet with a 1000 BTC and you can only blindly guess which outgoing transaction is the attacker's one (can be tomorrow or months later).

Professional_Track95

Been using them for 3+ years. No issue. I park my saving in there for 3.3% return in BTC. Eveything is fast & reserve verifiable.

Han_Gabrell

I like that perspective. Do you think Satoshi would appreciate some of the newer ways people are putting native BTC to work today?

Han_Gabrell

It's cool how your focus shifted from the price to understanding Bitcoin itself. I think that happens to a lot of people who stick around, especially as they start exploring what else can be done with native BTC.

Nullius_123

One upshot of this debacle will be more people buying ETFs rather than holding their own BTC. The custody of BTC will likely be the next area of regulation. Expect the banks to play nasty.

Time_Basis2535

Every day is a good day to buy BTC. It happens to be on sale for 50% off

Han_Gabrell

If you're already looking that far ahead, short-term volatility probably doesn't matter much anymore. It's also nice that there are now ways to make use of native BTC while still keeping it in self-custody.

sonofliberty1765

River is great. They show their "proof of reserves" every month verifying the BTC they claim to hold is actually there. They're constantly innovating/improving the platform. The fact that they're BTC only is another reason that makes them a great choice as an exchange.

pantuso_eth

If your personal investment portfolio includes just one asset, you expose yourself to concentration risk. Diversification is the standard way to mitigate concentration risk. If you sell all your BTC to buy AAPL, you haven't addressed that risk.

AccordingFloor7010

But the BTC guru, Saylor, buys high and sells low.  He just sold this week.  So shouldn't crypto bros follow his lead?

Alphamale822

You can’t crash BTC with just a few 1000btc

Easymacsauce

I use them to buy and sell BTC. It’s my favorite exchange.

Possible-Mud-1380

Lol. I mean, it's possible. Maybe China thinks killing BTC will pump gold?

Vagelen_Von

The first moment I heard about the hacking I thought that price of BTC will drop to 5000$. So just a theory for experts to examine: Big banks and conglomerates fund secretly a tech company to develop a faulty hardware wallet. Then steal Bitcoin from users and have many successes at once: 1) defame all the self custody idea. 2) make users paranoid for cold wallets. 3) earn a lot Bitcoin with a few millions of investment. 4) panicked users run to buy ETFs and other hybrid products with fiat money. 5) having a good big supply of BTC in case make something like gold standard with BTC in the future. 6) promote the idea of semi-custody. Half private key for the user and half for the bank. 7) obtain knowledge to break other companies' cold wallets not only tech knowledge but also operational knowledge to infiltrate in tech companies and do damage. So people who affected and all the crypto world should carefully examine: > How exactly company funded? > Relationships of everyone with big banks, former employments? even family relations. > How law enforcement handles the situation? Who goes to prison. > Future careers and wealth of everyone implicated and their families. Etc etc

FuturePrimitiv3

They have no interest in BTC other than how they can profit from it in the short term. It's just another scam to them, nothing more.

Skinny_Human

Right exactly. My big dilemma tonight is do I cash out or continue to hold until BTC climbs again knowing that there’s a good chance more hacks of some kind are on the way

bhalter80

To be fair there has been some high profile floating from the BTC community about its meteoric rise like any investment vehicle or get rich quick scheme There's been a lot of good tech to come out of it too

Beginning-Editor182

🤫Les gars le BTC a déjà touché son plus bas et c'était le 1 juillet

Super_Weekend_4428

Eh, I don't know. I still have some but I've more or less lost faith in it. It doesn't work well for payments. Transaction fees are nuts. It doesn't work as hedge because when the market tanks BTC does too. You are probably better off buying an index fund or something.

magma_lakes

OP is referring to vulnerable ColdCard BTC that remains to be stolen. A benevolent group could race the attackers to brute-force remaining wallets, empty them, and somehow return the coins to the rightful owners afterwards (as OP's theory goes).

Possible-Mud-1380

Or they don't care of they're caught. Or the primary goal is to fundamentally call BTC into question. Both of those align with potential nation state motives.

frozen-sky

I generated my seed on my laptop. Not airgapped. Totally insecure. I always was planning to move to coldcard, but didn't come around it. Seems my procrastination helped me here. Last year i decided to leave BTC completely instead. I don't hold anymore It is devastating to see so many people with lost BTC, collected with DCA or whatever. I count myself lucky. If i would reenter the game, this episode would definitely adjust my strategy. I would probably choose an airgapped computer with USB boot or something. And a stupid game to create entropy. Or role dice. I would probably refrain from hardware.

Due_Difference_1412

I agree that SOL probably has more upside than BTC and ETH. However, its volatility and unpredictability are also much higher. Network stability, ecosystem competition, and overall market sentiment can all have a significant impact on its price. For me, investing isn't just about chasing the highest returns—it's about finding the right balance between risk and reward. That's why my current focus is on short-term futures trading. I prefer to manage risk through strategy rather than relying solely on the long-term potential of a single coin

devCheckingIn

BTC is back to trading like digital gold.

Downtown_Ship_6635

I suspect Satoshi was really a good guy and created each new wallet without storing the keys. If you do not want to access the BTC later, security becomes much easier...

bananabastard

There was a thread on here a day or so ago with someone going through exactly this. He knew for 3 days that this hack was in play, and he was watching his wallet, waking up every day and checking. His BTC was still there, still there, still there, and then, gone.

FuturePrimitiv3

😂 no down vote from me! I'm not a BTC "true believer", just a nerd who thinks the technology of BTC is interesting, but still struggles to find a valid use case.

UtahImTaller

Crypto has been pretty doom and gloom for the last few months from what I've been reading here off and on. People legitimately think the last bull run was the last big one, and that altcoins and BTC will never see the mountains of returns we've seen previously.  That, to me, is very bullish. My speculation is that it's a great time to buy, but I also could see why people believe people altcoins (not necessarily bitcoin) are dead. Especially since crypto in general is very much based on speculative value and almost zero use case. Obviously outliers exist, but that's my take in general.

Nymister

In three days time, will be the best time to buy BTC. Mark my words.

theincognito66

if everyone sold all their BTC and only bought the ETF, this entire asset would collapse in value. Read the white paper - we are trying to own something that banks and governments cannot control.

Nick700

Unfortunate for those who gambled their emergency fund on BTC otherwise who cares BTC/USD is up 1300% in that same timeframe USD inflated 25%

Fluid_Ad8452

This is so cool, very cypherpunk, I love it. I don’t own a N64 but I saw a similar project for GBA and BTC so I might as well try that one. One thing worth nothing is, the novelty here is the device used to generate which was built on the pre iot era, giving it the same level of isolation than the ones of devices that were designed today **with that objective in mind.** Same security vulnerabilities could be found here as the CC wallet because that depends on the RNG algorithm they decide to use, I assume controller input, sensors which should be validated are still working properly before using them as entropy source, PRNG etc. The key here is scrutiny, which is something CCW didn’t had until bad actors took a look. But this is the monero community after all, so this is in good hands. Thanks for sharing!

Soul__Collector_

Care to name some.. Because taking the loan then moving the BTC seems like the simplest rug in history

InsightKnite

They both have some of the lowest multipliers in terms of return. Neither of those coins are getting more than a 3x and that is absolute best case scenario. Hell even SOL can hit a 4.5x on it's best day. A far better ROI than BTC or ETH.

moviemaker2

>nothing about the seed generation is changing anything about the capabilities of the device to hold my keys "Sure, one of the two primary functions of this device was shown to be incompetently implemented to a staggering degree, such that almost a hundred million dollars worth of BTC were stolen off devices whose sole purpose was to secure that BTC. But trust me bro, there's *no way* there could be any undiscovered vulnerabilities in the other primary function of this device. That would be just crazy. They pinkie-promised it was just that one." >pls explain exactly why and where there is potential danger This is why I asked if you get scammed a lot. If it has to be explained to you why using a coldcard is dangerous at this point, then you are not good enough at risk assessment for it to be worth the time.

Skinny_Human

I had a cold card so I sent my BTC to one of the big exchanges and made it as secure as possible using 2FA with an authenticator and a long password etc I think it depends how much you have dude. If it’s a small amount leave it where it is, if not, do what I did My dilemma now is worth to cash out or hold. I think we’re at the point where self custody is becoming too dangerous to be worth it anymore with the Advent of AI et cetera.

LeMAD

This is the final straw for me. QQQ +7.25% over 5 days, BTC -0.94% over the same period. Crypto is officially dead. It has been fucking garbage in the most incredible bull market in history. There's no runway left. Any sign of the beginning of a bear market will send Bitcoin below $10K.

drwebb

I mean no ones knows, but I prefer to believe Satoshi is alive and just has the op sec on the level of the creator of BTC.

EnvironmentalYard467

For sowm reason I doubt that. Trump and his sons have a shared interest in BTC, they worn allow anything that prevents that interest to hurt BTC. Not because they care about us, like I said they aren't going to pass something that will hurt their pocket books.

N22-J

I think BTC could go up, or down.

Vinny_d_25

I doubt there would be accidental collisions from legit cold card users. I can't say for sure without knowing the full details but given that the timestamp and deviceId were part of the faulty entropy, on first glance it seems that duplicate seeds would not be generated under normal use. I was wondering if someone (or multiple people) figured out the exploit some time ago but chose to only take from a small number of wallets to not raise alarm bells. If a hacker takes from one wallet, most people would probably thing they exposed their keys somehow and it wouldn't be high priority for the authorities. With the current situation, the hacker is going to have a hard time cashing out that BTC and could be caught if they make any mistakes.

Jayrovers86

Hundreds of thousands of BTC has been lost/stolen by CEXs why would you think a CEX is a safe place to store BTC.

gfry35-

Welcome to Bitcoin. My advice as a beginner: don’t rush to buy 1 BTC all at once just because you feel you’re late. Nobody knows the perfect entry point. Start with an amount you can afford to hold for years, learn about Bitcoin, and consider buying gradually (DCA) instead of trying to time the market. Also, don’t put money into BTC that you might need soon. It can drop 50%+ and you need to be comfortable with that. The best investment is the one you can hold through the bad times.

gfry35-

Welcome to Bitcoin. My advice as a beginner: don’t rush to buy 1 BTC all at once just because you feel you’re late. Nobody knows the perfect entry point. Start with an amount you can afford to hold for years, learn about Bitcoin, and consider buying gradually (DCA) instead of trying to time the market. Also, don’t put money into BTC that you might need soon. It can drop 50%+ and you need to be comfortable with that. The best investment is the one you can hold through the bad times.

CoincidentallyTrue

The best way to cash out on the heist would be send it to a series of real users who then proceed to “wash” the BTC.  For example, a private VPN service provider that offers VPN service to the hacker in exchange for BTC (these exist).  The provider then proceeds to cash out the BTC.  If questioned by the authorities, the VPN provider can simply state they were offering an anonymous service to an anonymous user and not breaking any laws for doing so. Once the authorities stop looking, they proceed to funnel the cash back to the hacker in exchange for a very decent commission. 

Big-Cheetah5159

First, there is no such thing as tainted bitcoin. That’s just a label created by the government to promote a negative outlook on Bitcoin or “criminal money”. As if the dollars in circulation aren’t used illicit activities by criminals worldwide wide. To answer your question, nothing. They can’t make the wallets that received the funds do anything. The same way as if you send BTC to the wrong address, you lost and the got free money. On contrary good hearted people would send it back to the original ones who had it stolen. This is a decentralized network, there are no rules, no laws, or no protection .

JustASDBrainfog

Am I going to make my LocalBridge try get access to the Wallet now 👀 I mean technically it would be theft but then again I could really use 6 Million in BTC 💀

AdEnvironmental3876

Not really sure what you mean but I use mycelium for a BTC wallet then I beleive they use flipgift.io but everything is done in the mycelium app and it's been pretty smooth this entire time I've been buying an using the gift cards

ihavenotimeforgames2

Ledger is VC backed, which does boost its credibility substantially. I just wish people can covert BTC to ETF shares, then no one would have to worry about cold storage bullshit.

Javanaut018

Oh, no no no, your honor! I thought the 10 BTC on my wallet were a starting balance on my coldcard! xD

ivanjurman

Yeah, immagine the owner getting cancer thinking he has plenty of bitcoin to cover his $300k medical bill juct to discover the wallet is empty Or heirs killing each other over the 3 BTC they inherited because they didn’t want to split, just to find out there is no BTC to inherit

No-Wrap3568

Trezor, Cypher rock (both BTC-only) or a Jade. That's all I can recommend but make sure you just don't buy one only because you heard good things about them. Take time and understand the architecture of the wallet that you are going to use. That matters the most, a lot of coldcard users could have been saved if they knew about dice-rolls

DreamingTooLong

Nunchuck supports the liquid network It’s a second layer similar to lightning network Liquid is private and it also supports swapping back-and-forth between BTC and USDT How it’s private is it still reports that a transaction happened but it doesn’t say the coin type or the quantity. There’s a wallet called aqua wallet that supports spending liquid network bitcoin at lightning network bitcoin addresses. Doing a transaction like that is two different layers of privacy. When you send a lightning network payment, they can’t look on a block, explorer and see how much you have or where it came from. Same with liquid. This site lets you swap between all the different bitcoin layers. https://boltz.exchange

Zestyclose_Ad2462

That's pretty harsh man. These people did nothing wrong and everything they were told. Could they have dug into it more? Perhaps. But most likely didn't have the expertise. I know this was the first time I heard the word "entrophy" (at least in the context of BTC) and I've been in it for almost a year. It's reasonable that these people thought the product was as good as advertised. I sincerely hope something like this never happens to you. The pain these people are feeling now isn't pretty. People have already offed themselves, divorces initiated etc. Please don't make it worse. They weren't grossly negligent in this. Or even a little. The fault lies with Cold Card.

Lefties_TheWorst7331

In order to survive? They have 2.4 years worth of debt payments *in cash.* They aren't selling $100 million of BTC in order to survive when they have $4 billion in cash.. stop spreading nonsense.

No-Wrap3568

Still holding my keys with myself instead of just surrendering my assets to an exchange or buying ETFs. Using a Cypher rock BTC-only for holding my assets, best security architecture compared to most wallets. Haven't tried a seedsigner till date, haven't heard much about it till date, if it looks good to you, just make sure you understand its architecture well before you make the move

Suitable_Leading3160

If you KYC and move it to a hot wallet is that defeating the purpose? Where does one get BTC without KYC?

Abject-Stretch-1187

It proves you have no idea like everyone else is my point. Plus a bubble bursting in AI doesn't necessarily mean BTC will actually fall lower. Operating under such an assumption just means you have an interest in it falling lower whereas neutrals couldn't care less either way.

NashDaypring1987

When you sell, you have to write down a cost basis for taxes. If it never left Coinbase, they can fill it out for you and report to IRS. Otherwise, you have to report it. If you ever get audited, you might have to prove that cost basis. Tracking coins moving around is a pain. It's an extra headache. If you buy BTC ETF's, you also don't have this problem. Your broker will report the cost basis just like any stock.

tribepride25

I was thinking earlier that this feels like squid game or hunger games. BTC hits 1 million in 20 years and we’ll look around and see who is left to enjoy the rewards. You’ll see skeletons of people that got hacked, lost funds from an exchange, lost keys, forgot the passphrase, etc etc. and 20 new things will happen before then. This is a shitshow

Zestyclose_Ad2462

Could be a test from God. Who trashes their vows, when the $ is lost? I do in part blame certain youtube "influencers" who preached this, "ALL BTC and ONLY BTC and everything MUST be in self-custody" mantra. If you questioned that you always got shouted down with the, "Not your keys, not your coins" argument. If you believe in BTC (as I do), it's very hard to avoid confirmation bias. Humans want to believe they're smart, seeking out BTC channels telling them BTC is the only way. There are more than a few BTW. I know it's hard but remember this: Money isn't wealth, Health is wealth. That and your relationship with God. Perhaps both of you can use this as an opportunity to draw closer to God and focus on your long term health?

DreamingTooLong

The address you provided only had 32 stolen BTC in it This address has 562 stolen BTC in it bc1qq85v2c926eg6pgxhwp6q7lf6cnsz80qs3fcu9r

Abject-Stretch-1187

You say it like the bottom announces itself smh You're under the assumption that BTC will drop deeper considering it was the first to start dipping while everything else were making new ATHs. Keep waiting on that "bottom"

Zestyclose_Ad2462

I hear what you're saying man, I did much the same. Some BTC in ETF(s), all using different custodians. I also keep some on another exchange, and some in a cold wallet. The whole prospect of like you said, 1 bad day, 1 lapse in judgement, 1 unforeseen event out of my control.... vaporized. No recourse. I partially blame some of these youtube "influencers" preaching "Invest in 100% BTC and ONLY BTC, and self-custody in a cold wallet"! If you questioned that, they'd shout "Not your keys, not your coins"! Whole lotta people just found out the hard way - that wasn't entirely true.

locotx

Holds true. Last year we had tons of great BTC news and it didn't move much. This year tons of bad BTC news and it didn't move much. BTC is now a stable coin.

MillerBlade2

So with quantum I’ve hear all BTC networks need to concrete a “fork” not sure what that means. But would that work?

MoneyComesWithTime

You should have wait BTC Will Go to 25k in the next months. You Will be down half of your investment soon.

RecklessStallion9999

Look, I know I will get ridiculed for it, but the advent of powerful AI will make things we thought impossible, actually possible - BTC wallet hacks among them. Forget the safety of your 24 words, at some point they may just be as easy for bad actors to access as a website. If you have not yet, then create a strong passphrase, keep it offline, move your funds to that new wallet, and treat your passphrase as any other password you have. It may be your only lifeline in a few years.

Skinny_Human

I would say no you’re not, get your BTC off ASAP

juggarjew

imagine you are on a vacation halfway around the world and your crypto is on a coldcard in a saftey deposit box back home in a bank, and there is literally nothing you can do as you watch your BTC address transfer everything to someone else... you'd puke... im sure it happened to someone.

magicmulder

Dude literally wrote "my 6.4 BTC".

Effective_Engine319

I wouldn't mind if my parents bought a few BTC for me. Take that $20 they would have used on a birthday present and saved it in the form of 10 BTC. It would suck if it was lost to a hacker, but BTC has been a good way to save money into the future for all of its history so far.

EyesFor1

He was after BTC not fiat.

SACRED-GEOMETRY

I don't know much about BTC, but assuming he tried to sell or withdraw from this wallet could that be tracked to identify him?

MillerBlade2

Can’t they just monitor the thefts wallets and see how much BTC is flowing in?

crunchyeyeball

2 days ago he was posting this: > *"I had 3.533382 BTC that i moved into my Coldcard because everyone always says hardware wallets are the safest. I thought i was doing everything right and taking security serious."* https://www.reddit.com/r/Bitcoin/comments/1vcwbsk/lost_it_all/ Not sure what he's trying to achieve with all these fake posts though.

Javanaut018

Could explain why now amounts are drained below the original threshold of .15 BTC

SACRED-GEOMETRY

I don't know much about BTC, but assuming he tried to sell or withdraw from this wallet could that be tracked to identify him?

crunchyeyeball

I hope you'll forgive me if I have doubts about your story, but 2 days ago you posted this: > *"I had 3.533382 BTC that i moved into my Coldcard because everyone always says hardware wallets are the safest. I thought i was doing everything right and taking security serious."* https://www.reddit.com/r/Bitcoin/comments/1vcwbsk/lost_it_all/

crunchyeyeball

I hope you'll forgive me if I have doubts about your story, but 2 days ago you posted this: > *"I had 3.533382 BTC that i moved into my Coldcard because everyone always says hardware wallets are the safest. I thought i was doing everything right and taking security serious."* https://www.reddit.com/r/Bitcoin/comments/1vcwbsk/lost_it_all/

SACRED-GEOMETRY

How about the guy saying he cleans or washes BTC and takes 10%. Don't remember the phrasing. Surely he just disappears with it all.