BTC

AstroRoverToday

You can't lose what you don't have. If you only invest in an ETF you aren't actually buying bitcoin. Your title suggests you want to own BTC. If that's what you want, then buy bitcoin. Once you own it, and you're careful with how you store it, you won't lose it.

rdhb

That framing isn’t really accurate. Yes, derivatives volume is often larger than spot volume. And yes, leverage can amplify moves in both directions. But derivatives markets don’t operate independently of spot. They’re tightly arbitraged, if futures push price too far away from spot, traders step in to close the gap. Bitcoin futures are generally cash-settled. Shorts generally don’t need to borrow physical BTC to settle positions. So lower exchange balances don’t create “short squeeze” the way borrow constraints can in equities.

kkrat0s

There’s never been a better time to buy! Free BTC tomorrow! 😎

dweeegs

I know it’s been beaten to death about how BTC and IGV are trading completely in synch, but it’s fascinating to see IGV getting decimated

Party_Operation_9711

Riiiiight, BTC has so such a utility case….

Desperate_Jacket_876

you are getting there, what you witnessed in silver and possibly gold was a blowoff top. Those are usually end of cycle moves. Think QQQ in 2000, BTC in 2017/18, Silver in 2011, and there is a million others. Buying assets after they blowoff is generally a losing proposition. Look I am not trying to fight you, I have just been around a long time and seen it all.

LTP-N

I think I'm not making it obvious, or you're missing the point, my bad. You pivoted from inflation to 'survivability' and 'benchmarks', but you still have not answered the mechanical question. Also, price action against BTC is hardly a metric for a project's long term survivability. Your logic fails because you assume people care about 'beating' Bitcoin. They likely do not. The majority only care about the absolute fiat value in their bank account. Mathematically, if I buy an alt with fiat and sell for a fiat profit, the BTC price action during that time is irrelevant to my realized gains, is it not? A trade can be technically 'bad' on the BTC pair but still profitable in fiat. If the goal is purely to increase fiat wealth, which for most here it is, the BTC pair is functionally irrelevant to the bottom line. Absolute fiat return is the only metric that matters.

verysillyman

Crypto greed and fear hit a new all time low, even lower than 2022 and BTC at $16k…

LTP-N

Most people treat alts as a vehicle to increase their fiat stack, not their Bitcoin holdings. Nobody is cashing out these alts into Bitcoin, they are going to off-ramp directly to their local currency. So why is the BTC pair relevant? Since everyone is going to be selling directly to their local currency, why does the performance against the BTC pair matter?

synthwave_man

When ETH goes back to 2800-3000, nobody will have seen it comin'. Everybody will be sidelined by then, still waiting for 50k BTC, 1400 ETH.

watch-nerd

BTC and ETH put in new 24 hr lows. Laughing all the way to the bank as I'm 40% short futures. Why don't you ding dongs short, too?

LTP-N

Why do peopel care about the BTC pair when we're all going to cash out in our local currency?

Belnak

It’s not like BTC is screaming right now.

Squeiner

That's way more complicated than what I meant. You can use your Bitcoin as collateral for a loan. This allows you to access very large amounts of cash without selling or paying taxes. You need to pay the loan back obviously, so it's not the same as selling. But if you don't pay it back, they simply take your Bitcoin that you put up as collateral and that's the end of it. No impact on your credit score, no taxes. Just a very bad sell price since you usually have to lock up twice as much BTC as the value you received as a loan.  Again, not for everyone, and definitely not something I'd recommend for buying other investment products. I only use this to make purchases like buying a car or a wedding ring. If you have bad financing options, this is a great way around that.  Look into it at least, could be a good way to keep your BTC and avoid taxes while still being able to use the value you've accumulated. Strike Is a great option.  strike.me

C-los714

I just started buying daily again. $35/day. Once BTC hits 85k I’ll stop buying. DCA that mofo!!!

hindermore

Check again. That alert does not have a dollar sign in front of the amount. It looks like it is set to buy 4k BTC instead of $4k worth.

icnews10

Borrowing against inflation to buy a highly volatile asset stacks two uncertainties on top of each other: macro outcomes *and* market timing. Even if your BTC thesis is right, leverage removes flexibility and forces outcomes on a schedule you don’t control. Historically, most people who get hurt in crypto aren’t wrong about direction — they’re wrong about using debt to express it.

bigbiblefire

I've heard so many things on it since I bought the thing and moved to it that I just don't know anymore...but my BTC stored in my Ledger wallet is off all exchanges, right? Or is ledger actually hedging this shit now, too??

DiegoAdrian97

That's exactly what I want to do. BTC will keep falling to 50k/45k, so why not invest everything at those prices? We all know that by 2029/2030 it will be over 150k,000. It's practically a guaranteed profit.

Nervous-Cockroach541

A true hodler wants cheaper BTC, as it means you can buy more.

jeremiahcp

I’m just not into shit-coins. I want my money to actually grow in the long term. I have no interest in gambling it away on a shit-coin. To be honest, right now AI-related tech stocks are looking a lot better than even BTC.

Dan_r_dan

Serious question: The bank is lending me 12k at 15% annual interest, for a total of 67k. I can afford the monthly payments. Would it be worth investing it in BTC and waiting about 3 years?

CoffeeAlternative647

If you don't want to lose your quarter BTC just send it to me and I promise you I will keep it safe.

snodgrassjones

Us: YOU’RE GOING THE WRONG WAY! BTC: Eh, how would they know which way we’re going?

HSuke

They were able to freeze most accounts. Only 1786 BTC were withdrawn, but not necessarily sold.

jeremiahcp

It’s a meme coin driven by hype; that outcome was expected. Doge will likely rebound somewhat when BTC rebounds, but it should never be treated as a serious long-term investment. It runs on hype; that’s how meme coins work. The issue over at /r/dogecoin is that too many people forgot it was a meme coin and convinced themselves it was a long-term investment.

HSuke

Did you read the article? They were able to freeze most accounts. Only 1786 BTC were withdrawn, and not necessarily sold.

SameWeekend13

Well reddits been saying that BTC will hit 50K soon. So it’s just a matter of time the ones holding short positions will be rewarded massively.

Willing_Gas7868

Taking a loan to buy BTC is just leveraged gambling. If it doesn’t bounce fast, you’re stuck with the debt either way

Schrezberatina

Did people withdraw the 1,786 BTC out of the exchange? If this, Bitthumb can hunt the people because of KYC, no? Or did people only sell/buy directly on the platform after they got the airdrop? If this, then it is only a matter of undoing the profits made out of BTC trades, no? All the websites talking about this are not explaining what happened to the 1,786 BTC.

soks86

I suppose. To me the more important part of that is the increased value of BTC and the preservation of that value for future generations (or our older selves) instead of sending it to the pockets of the debt hungry goblins. Best of luck on the way back to 100k and beyond!

SameWeekend13

But Reddit told me BTC is going to $50 and LTC to $30. Still waiting for it.

DiegoAdrian97

Estoy de acuerdo, pero yo hablo de finales de 2026, cuanto BTC este aproximadamente en 50 mil

Timp2003_2

At 40000 you will buy 4000BTC? Impressive!

kahnindustries

We just back so we can repeatedly break $69420 over and over again, BTC is a memelord

DiegoAdrian97

Yes? Even with several practically predictable cycles where BTC hits rock bottom and then explodes?

DiegoAdrian97

The loan I would request wouldn't be impossible to repay; the installments are approximately $120, and I earn $900, but it would be helpful to have that money upfront when BTC is at its lowest point.

distractedNightOwl

Don't do that. Except you are pretty sure, BTC will go up anytime soon.

Aggravating-Buy-1695

Yes. Just be prepared to be able to pay back the loan from your income or something else, if BTC fails.

AutoModerator

Post is by: DiegoAdrian97 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1r2ufg7/i_should_take_out_a_loan_to_buy_btc/ Good afternoon, I wanted to ask how sound it is to take out a UVA loan to buy BTC at the end of this year. For those who aren't from Argentina, a UVA loan is a loan that has the same interest rate as inflation… for example, if annual inflation is going to be 25%, the loan will charge you 25% interest. As we all know, 2026 is going to be a very bearish year for BTC. By the end of the year, it should already be at its lowest point, and that's when I want to buy. Do you recommend I risk taking out a loan and be well-funded by then? Regards! *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.*

baIIern

I can tell you how they distributed more BTC than they actually have: Bitcoin on exchanges are nothing but numbers in a database. Otherwise an exchange or the users would pay a lot of transaction fees. Trades aren't always settled on the blockchain. There's no need to as long as you keep enough coins for people to withdraw. That's why FTX blew up and couldn't handle withdrawals from a certain point. SBF and his weasel gave away all that money

CizzGotRizz

if you ask me, BTC is on sale

madladchad3

It’s not. Source: i’m korean and it’s all over the news. Going to be a huge legal battle with the people who sold the BTC.

Power_Drawing6025

Me. I bought near the highs and sold near the almost lows as my divorce was settled and I started owing child support at the same time I had to start making payments on my 401K loan (that I used to buy BTC in the first place). This has been a hard lesson learned for me.

Jacmac_

Well if you bought BTC at $125K, your CAGR is in the toilet.

tyranids

Of course brother. Just send your BTC here and I can transfer it wherever you need: bc1qxu2tqh83yw2500nxpayespt62f3x0ml9ufyaxc

itllbefine21

Good point, but this assumes the currency can't or won't fail. And that's not a certainty. Look at it another way, the dollar will keep being inflated because it has to be. BTC gets more valuable every time that happens. You say BTC will never be currency but the road to that is being paved right now. Reserve currencies always fail. Banks, corporations and politicians are greedier than ever and by allowing banks to hold BTC they just backdoored it to the system. You want to hold dollars in the bank or btc in self custody to save in? As more people see that having subscriptions is just a way to lock you into paying forever they also see that renting BTC is stupid as well. BTC is now a widely used financial asset. Why? because they get it. This is how they extract their gains from it. When people opt out of that then what? Can they stop p2p transactions? They can lock down the on and off ramps but at this point there's not much left of that 21 million coins to mine and it's gonna be a long slow crawl to the end. So they will open up instead of locking down to try and get more BTC. Except now that increases p2p. Game over.

MrMoo151515

Be extremely careful with this OP. An asset like BTC has extreme volatility and if you if you don’t play on the safe side of this you’ll get liquidated and lose your stack like millions and millions of people have. But there’s ways you can take margin loans against your coins at reasonable rates and use that money to deploy elsewhere. A lot of people take loans at say 3-5% against their stack, and use that loan to put into something like STRC. STRC is Strategies preferred share that pays ~11% yield which would net you 6-8% interest you could use to either pay for personal things or invest more into BTC and increase your stack. If BTC continues to appreciate you can keep the cycle going. This is considered a non taxable event in most countries and still gives you access to liquidity without selling. On paper it’s a no-brainer but in practice people are doing this on the riskier side and getting caught with their pants down.

clocker99

Can a bank give you a mortgage so you can invest in BTC? How does that work? Serious question.

retro_grave

100% education is the way to go, but it's all there and accessible if you're interested. There's really two risks with self custody: 1. Generating your private key. 2. Storing the private key. The risk of generating your private key is making sure you have enough entropy (e.g. randomness) when picking the numbers/words that compose the key. There are a lot of scam tools that can make you think it's generating a random key for you when it is in fact 100% predictable. Being diligent and understanding what makes a private key "good" is important. The risk for storing your private key is the key being destroyed due to some disaster, or theft. For example, water or fire destroying your private key written on a piece of paper. You can mitigate this by writing it on more durable media, like stamping it into a steel plate or steel washers. There are also options to generate "groups" of keys so that you need 2 or more pieces to get the actual key -- this allows you to store keys in different locations safely without fully trusting each location (e.g. three security deposit boxes at three different banks, although there's cheaper ways than that). The big exchanges are likely using a N of M scheme (e.g. where they may need "5 of 10" keys to generate the real private key, so that 4 rogue employees couldn't get together to steal the private key). Finally, you also generally want to avoid typing your private key into a computer. The ideal (i.e., extreme) position is to use an "air-gap" computer, which is never connected to the internet. You carefully install an operating system and the BTC software to generate transactions, and then you copy that over to an internet connected computer to submit it. This prevents rogue programs from stealing your transaction and changing it on the fly. Admittedly, that's an extreme position, but it nicely highlights a lot of the risks. There are open source hardware devices that can help simplify both. I'm a big fan of Trezor wallets (https://trezor.io). Never use a search engine for going to the website, always type the URL. When you use a hardware wallet from a good vendor with good supply chain ops, it solves these issues for you. It generates a random key with good entropy. It provides clear instructions on backing up the key and never typing it in, and the newer versions can even do the N of M scheme. And finally, it acts pretty close to that ideal air-gapped computer. It is a single chip powered over USB and does the signing of transactions, never sending the private key to the main computer. Happy to answer any specific questions.

Proof-Suit9782

Hey, actually your situation is one of the better ones when it comes to crypto recovery. Don't give up on it. So what's happening with your wallet that "second password" from the old [Blockchain.com](http://Blockchain.com) setup was basically encrypting your private keys locally. Your BTC is still there, the keys are in the wallet payload, they're just locked behind that password. And since it's a password YOU chose (not a 256-bit key or anything), it's potentially crackable depending on how complex you made it. Couple things before you do anything drastic: Do you remember literally anything about it? Even "I think it was short" or "probably had a number in it" helps more than you'd think. At 0.34 BTC that's like $41k right now so it's worth really sitting down and thinking hard about what passwords you were using back in 2016-2017. Also check your browsers from that era go to saved passwords and search "blockchain". Check old laptops, old phones, notes apps, any .txt file you might have dumped passwords in. People find theirs this way more often than you'd expect. If that doesn't work, there's an open-source tool called btcrecover on GitHub that specifically supports [Blockchain.com](http://Blockchain.com) wallets. It's free, you run it locally, your data doesn't go anywhere. About that "external team" Blockchain referred you to yeah be very careful there. The recovery space is full of scammers. The one rule: if anyone asks for money upfront, walk away. Legit services only charge if they actually recover your funds. Definitely don't just accept it as lost though. $41k behind a human-chosen password from 8 years ago is very much worth pursuing.

Xhiw_

Not sure what they were celebrating two years ago, because the first time BTC hit 40,420 was actually January 2021, more than 5 years ago.

TheCatOfWallSt

5200 shares of IBIT, but yeah close to 3 BTC worth

PirateSKB

Can't use BTC on the dark web to obtain sketchy vidyas and pix tho

PirateSKB

Nah, I stopped a while back for my personal stash, but if it drops low enough I may go back to adding in the future. I think my cost average is still less than 20k at this point I think there are people that would, but personally I wouldn't touch BTC at $100k with a ten foot pole, although I did sell some when it was above $100k but I still kept most of my stash. I also lost some in the cryptopia 2019 hack, and if I ever get that back i'll probably just spot sell what I had there at current prices since those were sub-10k purchases as well (or maybe hold, I dunno yet tbh)

Pingon25

Yes. I do. And hem after reaching a ATH of about $65k it dropped to $16k. After this ATH of $128k you can most likely see BTC retreat to ~$35 - $40k again. Just be patient.

Blueturtlewax

It is pretty wild how consistent that narrative has been in EVERY bear BTC market 😂

offo8

Bitcoin doesn't do anything, it has no intrinsic value by itself and there's nothing else you could use to gauge a "concrete" value in the real world (since BTC is not used to buy goods and services). The price you see for it is 100% based on the market's supply and demand situation. Bitcoin has less intrinsic value than the text in this very comment. It's just computer bits stored somewhere, except my text has some value because I'm explaining something. I'm not saying you shouldn't buy Bitcoin. In fact, I think this price plummet is a very good point for people to to put some *gamble* money into it. I'm just saying anyone going into it should be deeply aware of what it really is. It's just an "asset" whose price is purely based on the market's faith that it has any value. So as quickly as it can go soaring into the USD100k dollaers, it can plummet down to zero and be wiped out.

Froezt

That’s what everyone said about BTC 100k as well tho.

0ToTheLeft

Soon or later the memecoin/shitcoin era will end and only the actual good stuff will survive, maturity of the ecosystem is going to clean up the gargabe one way or another. And if you feel bad for the meme coins, wait until comes the time of all the "ETH killers" chains, most of them are a ghost town already. At least for memecoins people knew it was a meme. Outside BTC, ETH, stablecoins, some propietery L2 (bnb, base), some governance defi tokens and maybeee some privacy-focus projects, the rest is useless gargabe only used for trading and will get wiped and that's a good thing.

Rory_1354

People actually use AI. Crypto has been around how long, its a giant scam. BTC only

JOliverScott

I think a good place to start would be to ask why OP thinks ETFs are safer than direct ownership based on the statement that they think they're going to lose their investment in BTC. Expectations vary and therefore strategies vary in order to optimize the desired outcome. What age group is OP? What is OP trying to achieve? Retirement? Short-term profit? Any market has a certain element of risk so if OP is wanting to play it safe I would recommend investing in a mattress in which to put their money. However any discussion about potential investment strategies would require understanding a lot more about what the OP expects and their tolerance level to risk.

Willing_Gas7868

If ETH drops to 1k and later only revisits 4.9k while BTC makes new highs, that just confirms relative underperformance, which is exactly why the ratio matters more than the dollar price

beanbalance

alts are moving up in BTC so it is possible that they are gonna be pumped first and then later dumped when money will be moved to BTC

Sad-Pain-795

Don't ask for financial advice on reddit. Don't publicly disclose the amount of Bitcoin you hold. That being said, I'd look into STRC. But honestly, I think your utmost priority is to establish a solid stack of real Bitcoin. That will give you leverage to access credit in the future, because using your BTC as collateral is going to be a hell of a use case in the upcoming years. A quarter is solid, but if your financial situation allows it, I think you should go for a third, or 33.3 million SATs. Or maybe you want to diversify into other assets. We don't know anything about you, and that's why asking for financial advice on social media is dumb. Just my two cents. Sorry, my two SATs, rather.

GIGAbtcHodl

maybe better to avoid looking at them candles, do what you do, and DCA with the current discounted BTC situation

Glyzzza_

BTC, ETH, and SOL hold real value through scarcity, security, and utility, while a few other major chains with real users and revenue can survive; coins without use, revenue, or network effect likely fade.

andys811

Historically it'll be in October 2026, in reality it could be starting today, or we may go down way past October. Either way my portfolio goes up, or I can buy BTC cheaper. If your all in or all out and are trying to time the market, at some point you will mess up and get left behind and it will be a way more stressful experience

Git-R-Done-77

Look at the 5-day chart. Don't start buying until it is at least a little positive over 5 days. [https://finance.yahoo.com/quote/BTC-USD/](https://finance.yahoo.com/quote/BTC-USD/) Sure you'll miss out on 5 days, but it could be dropping for 2 months for all you know.

liquid_at

Looks like you only go there when other visitors also go there, confusing visitors with regulars. Most pessimists are Bitcoin maxis trolling for cope. I'm over there almost every day and the cyclical nature if trash posts whenever the markets dump us apparent. Dogecoin is abused by them for copium. Right now, 80 to 90% of posters are trolls, shills or bots. No group as damaging in crypto as the meme traders that list big on alts but compensated by becoming BTC maxis. Their cope has cost millions of people billions of dollars.

C_B_Doyle

Key takeaway: The more BTC is locked in whales/dormant wallets, the retail floor collapses sharply, far below “psychological” levels like $1k–$5k.

Due-Candy-8929

BTC is the pure example of how far hype can go. It shows you what speculation can do, and how something can be technically inferior but still pull in a crowd. Alts will outperform it, and see much higher percentages of growth, even if they then deeper retracements… If I only invested in bitcoin I doubt I would even have enough invested to own 1 bitcoin… however by investing in alts I have outperformed that, and I could buy multiple bitcoin if I wanted to. There are better investments out there. Bitcoin maxis gloss over facts, and become close minded - they don’t really believe in crypto as a whole because they don’t want anything else to succeed. Which is ironic… because the first Bitcoin holders were truly visionary, and saw potential where others could not. They invested while it was a much bigger risk, and they are rewarded for that conviction. The modern maxi is none of that… they just copy what others do, and settle for echo chambers… I much prefer to be diversified, invested in utilty and not a tribalistic maximalist. I won’t mess with leverage, and I won’t put all my eggs in one basket.

Inevitable_Pin7755

If you’re asking about a cold wallet, it’s probably time. There’s no magic 0.1 BTC number. Ask yourself this. If that amount vanished tomorrow, would it hurt? If yes, get it off the exchange. Simple. Trezor vs Ledger. Both are solid. Trezor is fully open source. Ledger feels a bit more polished. Security difference for normal users is basically negligible. The real risk is you messing up your seed phrase. Write it down. Store it properly. Don’t screenshot it. Don’t put it in Notes. Test the wallet with a small amount first so you don’t panic later. If you’re stacking in a bear market you’re already thinking long term. That’s rare. I break this stuff down in simple terms in my newsletter Wealth Rewired. If you care about building proper wealth and not just chasing hype, it’s on my profile.

Coquito3000

everyone has hopium my dude. ETH To 5k OR 10k! Doge to $1 XRP to 10 BTC to 1M and everyone is delusional hahahaha

watch-nerd

Alt coin fans would be better off just going 10x on BTC (long or short, your choice) than waiting for alt coins to pump.

watch-nerd

You put money into BTC because it has the most liquidity and it's easy to get cheap leverage.

user_name_checks_out

Yes, BTC is bitcoin. So you have bitcoin in an Exodus wallet, and it's not letting you transfer to Moonpay. I don't use either of those platforms, hopefully somebody else can advise you. They will probably need to know which jurisdiction we are talking about, can you share that?

setokaiba22

Stop the presses this means BTC will be $250k by next month - Coindesk article incoming

beanbalance

> People are panicking while it is at 68k, shit is unreal to me. because lot of people are in loss right now. Lots of people bought 5+ years ago when it was topping held for 5 years, kept stacking and buying more and are no with 0 profit, even loss if we know in last 5 years lots of life stuff incrased in price like 2x. Also ALL the BS narratives that btc maxis were gospelling are dead..not even the digital gold one holds anymore.. they fear btc got epsteined and the house of cards is collapsing.. Even DRUDGE REPORT ran a topstory with BTC photo and 1 word: shitcoin!

Poison_Jaguar

I think if a crypto exchange can give away in error $40B of Bitcoin, that exchange knew what was happening and had bought over $40B of Bitcoin , there is no way that there is more paper BTC out there than actual BTC, this ain't FIAT country I said to my lawyer

baIIern

Why put money in BTC when Alts pump much harder? Doesn't make any sense either

Such-Elephant-9943

I’m from the year 2045. One BTC can buy you a mansion with maids now. Hodl!

pingAbus3r

Honestly, once you’re hitting 0.1 BTC, a cold wallet is definitely worth considering. It’s less about the exact amount and more about how much you’d hate losing if your exchange got hacked. Between Trezor and Ledger, both are solid. Trezor being open source gives some peace of mind if you care about transparency, but Ledger has been around a long time and has a strong track record too. At this point it mostly comes down to personal preference and which interface you like better.

FileAlternative2020

Anyone can sell their BTC at any price they want, and different platforms have different users (i.e. different buyers and sellers). The sellers on one platform may be setting a higher price than the sellers of another. However, if the difference is too big, people will arbitrage it and close the gap (buy low at other platform and sell for profit at the higher price on the other platform). Hence, it is normal to see slight price differences between platforms. Further, you might be buying from an order book, or through the platforms quickbuy interface or the like (idk if kraken has this). With order book, you can see the sell offers by other users. You can accept the offer at that price or make your own buy offer at a lower price. If someone accepts your offer, the transaction goes through. Kraken just takes a fee by acting as a middleman. It is possible for some platforms to have a quick buy feature. E.g. instead of accepting an order book offer you just tell the platform you want to buy USDx worth of BTC. The platform will procure the btc from the market for you, and usually the cost and fees is slightly higher for this. Anyway long story short, BTC price informed by Coingecko and cmc are an aggregation of information it receives about how much people are paying for BTC, but it is not a store sticker price. You may find cheaper or more expensive btc depending on where you buy it. Arbitrage between places makes the price relatively more consistent - harder to find btc below market price, but there's always some dude which is offering to sell their btc for 5x the market price for whatever reason.

ozera202

Retail doesn’t give af about BTC, literally zero hype when btc was at ATH . Retail only care about alt season and crypto will not reach euphoria without alt season . Why put money in btc when you can buy gold which is safer.

Maxx3141

The question is, why did you check the price on a different platform, but not on Kraken, where you bought? I am 100% certain they showed you the price before you bought. What I assume happened: You clicked "Buy Crypto" and used Kraken like broker. This always comes with additional spread, because you are buying BTC from Kraken, which they have to buy first. What you should have done: Went to the real Kraken Exchange and placed an order there - if you set your limits right, you can make sure you get exactly the price you wanted to. This will make sure you buy BTC from another market participant and will usually have lower fees.

ExplanationNormal339

BTC sentiment swings this hard usually precede a breakout—watching if [$ETH](https://aimytrade.io/ticker/ETH?utm_source=reddit&utm_medium=comment&utm_campaign=CryptoCurrency&utm_term=ETH&utm_content=variant_1770888674455_f1gzwd) follows or decouples.

Potential_Button2364

What if there is no QE ever? What is the Fed balance sheet actually contracts rendering QE meaningless. How does BTC fare in that scenario?

Awkward_Common_5527

BTC is still different from others.. maybe

MusicalBonsai

If you want self custody, then now. If not, then you’re subject to the rules of whoever does have custody of your BTC. Do you want to hold them yourself, or do you want someone else to hold them for you? Unless you hold them yourself, they are not truly yours.

Intelligent_Cost1007

Maybe you're new to BTC. Yes, it went up over 700% but the bull market prior went up over 2000%. Is it possible that we see a lesser % drawdown as the asset class grows, absolutely. You have no idea where/when it will bottom. We're all speculating and any person who thinks they know, is a fool.

Ahholder

Not necessarily. BTC is simply value that you can transfer from one point in the world to another in 10 minutes. Fiat, or money, isn't what we consume or what people seek. What they really seek are the goods and services they consume as individuals. So no, it doesn't necessarily convert into fiat, but into goods and services. And if I can pay for those goods and services with BTC, then it will perform the same function as money.

Volgrand

I will also celebrate if BTC drops to 40k!

beanbalance

damn, even all the shitcoins have started to pump. BTC is literally the worst performing shitcoin. Gold, stocks, alts.. everything punpiong.. Could it be that epstein connection finally killed this scam?

pen_jaro

Exactly. Im not phased bec i only used fiat that i don’t mind if i lose it if ever BTC crashes. But i cant imagine sovereignty being valued zero. Lol

Willing_Coach_8283

Shorting BTC now is the easiest money in the world

Osobnost

Yes, trailing buy is good and I’m using it. But for long term HODL, it’s not very efficient. Another downside is that the buy amount is set in BTC, so beginners need to calculate it in USD by dividing USD by the activation price. In the end, you will get roughly the same amount of BTC, but you save some capital if the price goes lower.

dweeegs

Life, death, taxes, and BTC crashing between 9-10 am EST 60k is back on the menu

ecnecn

It is funny to think that big investment banks (like Goldman Sachs), strategic treasuries and hedgefonds (like Black Rock) are trapped as BTC bagholders like retail is trapped in GameStop stock.

soccerguy510

\~$70k to \~$16k BTC lol. Or even the 15k BTC to $3k. To be fair for the "newbies", 2 cycles would've saw you back to 2021 - 2022 crash. Pretty sure the "Veterans" just linger here now, like me, and wait for poss like this to start buying. Lets be honest.. 8 on the Fear / Greed index and calling for how this is the worst drop ever.. put my money where my mouth is