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Reddit Posts

r/CryptoCurrencySee Post

Peter Brandt Highlights Bitcoin Price Pattern Key to Keeping BTC's Bull Trend Healthy

r/BitcoinSee Post

How do the largest hodlers of BTC store thier coins?

r/BitcoinSee Post

Done stacking, now HODLing

r/BitcoinSee Post

Paper bitcoins

r/BitcoinSee Post

What percent of us do you think are hodling this way, Pros and Cons. Storage

r/BitcoinSee Post

Are Bitcoin Loans a good idea?

r/BitcoinSee Post

What’s your DCA amount for BTC?

r/BitcoinSee Post

Is it a common misconception that Bitcoins gain their value from the cost of electricity required to generate them?

r/BitcoinSee Post

BTC can't turn $1 into $10 in 2024 - yes it can, over and over

r/BitcoinSee Post

Simple Replies to Skeptics

r/BitcoinSee Post

Contributing to ETF custodial holdings

r/BitcoinSee Post

WTH happened to $BTC volume here?

r/BitcoinSee Post

BTC: The era of US Dollar dominance is finished.

r/BitcoinSee Post

MSTR or miners for leveraged play? (and how is the halving supposed to be bullish for miners??)

r/BitcoinSee Post

Need help in understanding XPUB derivation paths

r/CryptoMarketsSee Post

BlackRock Bitcoin ETF has surpassed holdings worth over $2 billion, equivalent to more than 52,000 BTC.

r/BitcoinSee Post

BlackRock Bitcoin ETF has surpassed holdings worth over $2 billion, equivalent to more than 52,000 BTC.

r/BitcoinSee Post

Don’t Get Caught Chasing

r/BitcoinSee Post

BTC Transaction stuck over 3 months :( !!!

r/BitcoinSee Post

Don't Get Rekt in This Bull Run: Remember the 2017 "Earn" Scams?

r/BitcoinSee Post

Don't Get Rekt in This Bull Run: Remember the 2017 "Earn" Scams?

r/BitcoinSee Post

Questions about DCA and UTXO

r/CryptoMarketsSee Post

Which oracle will be dominant in 2024?

r/CryptoMoonShotsSee Post

BTCMinetrix | ERC-20 | Cloud App | Stake Tokens = Mine Bitcoin | Audited | Presale Is Almost Finished | Join Before Official Launch

r/CryptoCurrencySee Post

Reminder: Bitcoin Was Invented to Replace the Current Flawed System, Not to Be Absorbed Into It. Stop getting excited about BlackRock and Fidelity accumulating more BTC every day, and be aware of what's coming.

r/BitcoinSee Post

I LOVE BTC logo design. Feel free to use it for any purpose. Design source files are in the comments.

r/BitcoinSee Post

Shouldn't we just denominate BTC in sats

r/CryptoCurrencySee Post

So this didn't age well

r/BitcoinSee Post

Bitcoin As A Power Law: why BTC is predictable over the long run

r/BitcoinSee Post

ICYF: BTC ETFs can start advertising on Google from Today.

r/BitcoinSee Post

Coinbase trade any amount for chance at 5 BTC

r/BitcoinSee Post

"Traditional" Investor here looking to diversify, should I buy a lot of BTC before the halving?

r/BitcoinSee Post

Will BTC continue to rise

r/BitcoinSee Post

Unluckiest Man Alive

r/BitcoinSee Post

Mined BTC early, trying to figure out if recovery is possible...

r/BitcoinSee Post

BTC for grandkids

r/BitcoinSee Post

Crypto Reporting (US) - Bitcoin and failing to report loses; Need help to fix this

r/BitcoinSee Post

Found a MAJOR discrepancy in price of BTC on exchanges

r/CryptoMoonShotsSee Post

BitcoinMinetrix | ERC-20 | Cloud Mining | Stake To Mine BTC | Audited & SAFU | Jump In Before Listing

r/BitcoinSee Post

Setting up a Node on a new N100 Mini PC, What do I need to Know?

r/CryptoMarketsSee Post

Reminder: Bitcoin Was Invented to Replace the Current Flawed System, Not to Be Absorbed Into It. Stop getting excited about BlackRock and Fidelity accumulating more BTC every day, and be aware of what's coming.

r/BitcoinSee Post

Overførsel av crypto

r/BitcoinSee Post

Just another example of why we Bitcoin…

r/BitcoinSee Post

Where can i get a free BTC

r/BitcoinSee Post

Another big dump!

r/CryptoCurrencySee Post

The last deadline for an Ethereum ETF approval for the SEC is in May 2024, expect a stronger pump than the months before the BTC ETF approval

r/BitcoinSee Post

My last post was deleted: I heard you guys loud and clear

r/BitcoinSee Post

MSTR in a ROTH IRA for BTC exposure

r/BitcoinSee Post

Why BTC will be sideways or downward for months..

r/BitcoinSee Post

ETF's price drop explained, and why the growing optimism!

r/BitcoinSee Post

Hey are you interested in BTC investment The BTC investment is that you will have to open a btc wallet and fund it and if you have it already then you’re already a winner What you will just do is that you will use $50-$200 $100-$300 $150-$400 $300-$500 $500-$1000 $1500-$2000 $2000-$3000

r/BitcoinSee Post

If Bitcoin Didn't Exist Where Would You Put Your Capital?

r/CryptoMarketsSee Post

Navigating the BTC Market Shake-up: Understanding Grayscale's Move and the Dynamics of Weak vs. Strong Hands

r/BitcoinSee Post

A discussion on BTC intrinsic value

r/BitcoinSee Post

When someone calls BTC a scam…

r/CryptoCurrencySee Post

I have $2.29 in ETH left on Arb Nova...

r/BitcoinSee Post

Taking out a 15k CC loan to stack more sats

r/BitcoinSee Post

Taking CC out Loans to Buy More Sats

r/BitcoinSee Post

Question about ETF -- are BTC traded or do they tend to be held?

r/BitcoinSee Post

I just saw my first Bitcoin ad on basic cable tv….

r/BitcoinSee Post

Exodus Wallet any Good?

r/BitcoinSee Post

Hey are you interested in BTC investment The BTC investment is that you will have to open a btc wallet and fund it and if you have it already then you’re already a winner What you will just do is that you will use $50-$200 $100-$300 $150-$400 $300-$500 $500-$1000 $1500-$2000 $2000-$3000

r/BitcoinSee Post

How long…?

r/BitcoinSee Post

As a whale, I was never worried about halving

r/BitcoinSee Post

Saudi Arabia to Match Satoshi Nakamoto's 1Million Bitcoin!

r/BitcoinSee Post

Die #Bitcoin Konferenz in #Innsbruck

r/BitcoinSee Post

Die #Bitcoin Konferenz in #Innsbruck (kurz #BTC23)

r/BitcoinSee Post

The previous Bull Run was pretty underwhelming.

r/BitcoinSee Post

Clarification on UTXOs / what am I misunderstanding re: consolidation?

r/CryptoCurrencySee Post

Bitcoin Mempool Ordinal / BRC-20 / DataCarrier transaction comparison?

r/BitcoinSee Post

Have you ever wondered what Albert Einstein may have said about Bitcoin?

r/BitcoinSee Post

Have you ever wondered what Albert Einstein might have said about Bitcoin?

r/BitcoinSee Post

How long did it take you to understand why BTC really matters?

r/CryptoMarketsSee Post

Is Bitcoin Finally Finding Firm Ground as Grayscale’s BTC ETF Outflows Calm Down?

r/CryptoCurrencySee Post

Is Bitcoin Finally Finding Firm Ground as Grayscale’s BTC ETF Outflows Calm Down?

r/BitcoinSee Post

Daily Bitcoin Update

r/BitcoinSee Post

WTF is a BTC Spot ETF actually???

r/BitcoinSee Post

Joe Rogan learning BTC being the best store of value in the world 10yrs ago when BTC is 900$

r/BitcoinSee Post

Waiting?

r/BitcoinSee Post

1 year ago I ACTUALLY lost most of my Bitcoin in a boating accident.

r/BitcoinSee Post

Lightning CEX to CEX, cheap & safe?

r/CryptoMoonShotsSee Post

BitcoinMinetrix | ERC-20 | Cloud Mining | Stake Tokens = Mine Bitcoin | Audited & Safe | Presale Is Almost Finished | Join Before Listing

r/BitcoinSee Post

Thanks cryptos

r/BitcoinSee Post

ETF misconceptions

r/BitcoinSee Post

Bitcoin Monthly 32 - Stay up to date with what matters

r/CryptoCurrencySee Post

Pricing All Everyday Goods in BTC, From iPhone to Houses, Will Act as an Electroshock to Your Awareness of the Bitcoin Revolution.

r/BitcoinSee Post

Finding Remote International Jobs (Freelance or Salary) That Pay In BTC

r/BitcoinSee Post

Should i sell my Gold chain for Bitcoin?

r/BitcoinSee Post

Hedge funds caused the price drop.

r/BitcoinSee Post

How safe is Trezor?

r/BitcoinSee Post

Bitbox02 btc only or Coldcard Q Wallet

r/BitcoinSee Post

Bitbox02 btc only or Coldcard Q

r/BitcoinSee Post

Blockchain In Review

r/BitcoinSee Post

After looking into Bitcoin for 1 month and reading A LOT of posts on this Reddit I have no clue if BTC will go to the moon or go to zero.

r/BitcoinSee Post

Cheapest Way To Purchase Bulk Crypto/BTC

r/BitcoinSee Post

Bitcoin and the media, such a joke

r/BitcoinSee Post

Does the fact that Coinbase holds custody of 8 out of the 11 spot BTC ETFs pose any risk?

r/BitcoinSee Post

Daily Bitcoin Analysis

r/CryptoMarketsSee Post

Pricing All Everyday Goods in BTC, From iPhone to Houses, Will Act as an Electroshock to Your Awareness of the Bitcoin Revolution. A picture is worth a thousand words to understand why Bitcoin is essential for our future. Here are two of them!

r/BitcoinSee Post

BTC transaction still pending after 46 days

Mentions

Michael Saylor bought 11k BTC just yesterday, so I guess that answers it.

Mentions:#BTC

Registered Investment Advisors. Those who manage money for high net worth individuals/families and institutions. Some RIAs, like Fidelity, are already deep into BTC, but many, if not most, won't touch it yet for many reasons. For one, it takes a long time for these firms to conduct their due diligence before they can advise their clients to buy into it. Another reason many can't recommend it today is because the ETFs just don't have the track record yet. But just wait, the RIAs will jump in, and when they do, billions, if not trillions of dollars will follow.

Mentions:#BTC

Not true, Relai is a BTC-only and very reliable exchange from Switzerland. Strike is also reputable and well known, Swan as well. Bisq is the best known anonymous DEX on the internet…. Not sure you know what you’re talking about.

Mentions:#BTC#DEX

The BTC crash will be interesting to see.

Mentions:#BTC

Forget the obvious cherry picking, his math isn't even sound. If one person invested $100 in gold and gained 10% while another invested $100 in BTC and lost 14% the difference isn't 24%. If you're going to pretend you're the smartest guy in the room don't be...you know..dumb.

Mentions:#BTC

Even IF Bitcoin goes to a million dollars per BTC in this lifetime, which is hopium in the first place, 1 million dollars isn't "generational wealth" even by today's standards. By the standards of the time which sees BTC @ 1m, it'll be even less so. If you haven't already accumulated "generational wealth" in BTC, you've gotta be buying like a whale right now.

Mentions:#BTC

They sell it for essentials like their rent and food. Until they can settle those transactions in BTC and the merchant is comfortable holding the BTC, it’s always going to be a somewhat risk-on asset. I believe this has only gotten worse with institutional investment but this will also provide a larger opportunity in the future when BTC will be oversold.

Mentions:#BTC

Whenever I look @ Swan's prices they are higher than what other exchanges have. The cheapest option I've seen so far is just to get Kraken Pro and buy manually everyday. After that, I think River or Strike (haven't heard of Fold). Swan's fees may be lower vs some other exchanges but their BTC market price is always higher such that it offsets any lower fees.

Mentions:#BTC

Every billionaire in the world suddenly trying to buy 1 BTC.

Mentions:#BTC

I’ve listened to him predict BTC going to zero for over a decade. But still, I wouldn’t be surprised if he had a bag and didn’t say anything because he gets way more attention then he deserves playing the BTC fool

Mentions:#BTC

#Bitcoin Con-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Bitcoin, could it be wrong. "Are we the bad guys ?" > > ​ > > In this small write up, I am going to delve into con-arguments against Bitcoin. Bitcoin is the flagship of cryptocurrencies but there are a lot of criticism that could be leveraged against Bitcoin. First of all, let's delve into a small presentation of Bitcoin. > > # Bitcoin: An introduction. > > Bitcoin is the biggst cryptocurrency. It was created by a mysterious figure. The creation of Bitcoin is a strange and mysterious mystery. No one knows who created Bitcoin. > > Bitcoin was started as a way to circumvent traditional banking. Bitcoin relies on blockchain technology. Blockchain can be seen as an open book allowing anyone to know where is each fraction of Bitcoin ever. > > This blockchain is maintained through computer power. In a vulgar way: Bitcoin is mined by solving math problems. The maths problem becomes harder when more people are mining so that mining takes a fixed amount of time according to a timeline known to everyone. In order to respect this timeline, mining rewards are halved every few years. > > Since anyone who wants to validate transactions is forced to complete a very hard math problem (which becomes harder the more people are mining), no one can cheat in new transactions. Also, every other miner has a copy of the blockchain. Through making sure that no entity has 50% of the mining, you can stop nefarious actors from changing the blockchain. > > This is using cryptographic technology that I don't yet understand but you can read more about it here: > > Bitcoin Wikipedia > > Without delving more into the tech side of bitcoin. Which can also be explained through youtube videos here: Bitcoin explained > > The Metrics of Bitcoin are currently: 22400$ Per coin for a Market cap of 430 Bilions and a daily volume of 19 Billions. Bitcoin was shortly valued at 69000 usd during the ATH. > > Now let's dive into what is making Bitcoin so bad. > > # Permissionless: A senseless destruction of world order. > > Bitcoin is a project existing in a very delicate world balanced by power structure. While we can be happy that the current top dog is the US (yes they are not perfect BUT they could be worse) we know that someone else could be on top. Despite that, we should strive to use the current US dominance to curb rogue states into the world order. > > The current war in Ukraine is a demonstration of the world order crumbling to maintain itself. I'd argue, the rise of cryptocurrencies may be a part of this crumbling. In fact, I'd go as far as to say that, Bitcoin replacing the US Dollar would usher a chaotic age of international relation. > > The world has shrank a lot since the rise of internet. The fact is that the stability of the world is much more precious than ever. Everyone can see what happens in any other country and how the supply chains which guarantee our comfort are of the utmost importance. YET, we are pushing forward a great disrupter of balance. > > Permissionless can help terrorists, permissionless can help crime. YES traditionnal banking is doing it already BUT I'd argue that the absence of regulator and watchdog to make the current system comply is not an argument in favor of a tech which will make regulation and surveillance harder. > > # Bitcoin: This MONEY Doesn't Work, This Money Doesn't WORK. > > Bitcoin is claiming to be a currency. A viable alternative to fiat money. But anyone with a neuron or two could realize that the fluctuation in the value of Bitcoin is crazy. Some pedentic nerd and bitcoin maximalist could argue that 1 BTC = 1 BTC BUT if you don't know how much you'll need to put food on the table then BTC is not working as a currency. Yes inflation is lowering the value of Fiat BUT fiat doesn't see wild swings of + or - 30 % in most economies. > > While not being really MONEY I'd argue that Bitcoin doesn't WORK. To work the economy needs money to move. 100$ could buy groceries then be used to pay the local brewery, the butcher and many more people before going back to a bank account. This movement has created economic vitality. Bitcoin, most of the time, is seen as an investment vehicle such as gold. I'd argue that these vehicle are not valuable for society since the freeze money in place. > > In a bank, your money is working. Instead of Bitcoin, people should be paid more by banks to put their money in investment portfolios since these provide the liquidity necessary to make the economy work. > > ​ > > # Bitcoin: A very big spending of energy. > > ​ > > Bitcoin is a project which is wasting a lot of ressource for something which is not making a lot of sense. While Bitcoin is using more and more green energy, I'd argue that it is still a big waste. Subsidies could prop up the green sector far better than the mining farms that go with windfarms. > > Seeing Bitcoin as one of the biggest leverage of the green sector is a non-sense. Optimization of the energy sector means that the variable production should allow to reduce the use of fossil energy. Not allow to waste energy in a senseless project. > > ​ > > # Conclusion: The harsh truth is, we may be the bad guys. > > Partaking in an economic sector which allows for a disruption of world order, which doesn't help the economy and which is wasting energy may not be beneficial. This is why Bitcoin should not be seen as a messiah of economic proportion but as something which should raise criticism and should be heavily regulated. > > Good luck in your investments. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1dlig4l/daily_crypto_discussion_june_22_2024_gmt0/).

#Bitcoin Pro-Arguments Below is an argument written by a deleted user which won 1st place in the Bitcoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **First-Mover Advantage and The Network Effect** > > Bitcoin is currently the most popular cryptocurrency and market cap leader by a long shot. The [Bitcoin dominance chart](https://www.coingecko.com/en/global-charts) shows that Bitcoin represents 60% of the entire cryptocurrency market cap. This has increased from 40% in 2020. > > Bitcoin is the **gateway**. People start out with Bitcoin before checking out other cryptocurrencies. They're likely going to keep holding any Bitcoin they bought along the way. > > People will flock to whichever product has the largest user base. For half a decade, Bitcoin was almost synonymous with cryptocurrency. The Network Effect creates a **positive feedback loop** and makes Bitcoin's lead grow even more. > > If Bitcoin, Bitcoin Cash, and Litecoin were all released simultaneously, Bitcoin would lose to its PoW competitors because its competitors have cheaper fees with higher throughput. But the reality is that Bitcoin's first-mover advantage gave it such a huge head start that the others can't catch up. > > **Has the largest block reward for security** > > Due to its high price, Bitcoin has a huge [block reward of 6.5 BTC](https://www.coingecko.com/en/coins/bitcoin/bitcoin-halving) (halves every 4 years) or ~$180k per block. This gives it the security lead because its block reward is so much bigger than other PoW cryptocurrencies, which attracts more miners. > > **Anti-censorship** > > Bitcoin provides partial censorship-resistance against sanctions and totalitarian government restrictions. It's much harder to prevent Bitcoin transactions than it is to prevent financial transactions at a centralized bank. [Legal sex workers](https://www.theverge.com/2021/8/24/22639356/onlyfans-ceo-tim-stokely-sexually-explicit-content-ban-banks) (e.g. Onlyfans) and [marijuana industries](https://www.leadingretirement.com/blog/cannabis-banking) are blocked from using traditional financial services due to social stigma. Even though they can operate legally, many TradFi banks avoid operating with them. Bitcoin provides those workers a way to transfer funds around that censorship. > > **Avoids Hyperinflation**: As long as governments keep causing high inflation through money-printing, people will run to Bitcoin for safety, which pumps up Bitcoin's price. > > **Considered a commodity by both SEC and CFTC**: Bitcoin is the only cryptocurrency that both the SEC and CFTC have openly agreed is a commodity. And the CFTC is much less lawsuit-happy than the SEC. > > **Legal tender**: El Salvador has shown (despite some technical mishaps) that Bitcoin can be successfully used as legal tender for a country. > > **Ordinals provide utility** > > Even though Bitcoin Maxis hate Ordinals, this new protocol gives utility to Bitcoin and adds demand. NFT bros are using it as an **on-chain data storage layer** for their own blockchains (e.g. Ethereum, Stack). This has an advantage over IPFS since IPFS is stored in centralized databases instead of on-chain. > > This generates more fees for Bitcoin miners. Transaction fees have finally [risen to ~20 sats/vByte](https://mempool.space/graphs/mempool) on days with high Ordinals activity like Mar 22-24. This gives hope that there may be sufficient demand for Bitcoin as an on-chain data-storage layer even after the block subsidy eventually disappears due to halvings. > > **Pseudonymous**: Bitcoin's UTXO transactions can provide moderately-high levels of obscurity. A single wallet can produce a near-unlimited amount of addresses, and there's no way to link them unless they interact with each other. It's much harder to trace UTXO-based wallets than Account-based wallets because the former creates new UTXO addresses with each transaction while Account-based blockchain wallets typically reuse the same account. > > **Lightning transactions are near-instant and cheap** > > As long as you're spending small amounts of Bitcoin, you can use the Lightning network to make near-instant, sub-$0.01 transactions. Many Lightning nodes for merchants are connected to 3rd-party services that convert between cash and Lightning, making it easy to transfer Bitcoins. Consumers usually don't have to care about rebalancing issues since they're only spending small amounts. > > And the [total capacity of the Lightning Network](https://bitcoinvisuals.com/ln-capacity) in BTC keeps increasing steadily. > > **Cannot be counterfeited**: Cash can be counterfeited, but you can't fake Lightning transactions. Merchants have to deal with counterfeit cash in many markets around the world. > > **Bitcoin has a very strong community of die-hard supporters** > > A huge portion of Bitcoin supporters have become Bitcoin Maxis who will keep spreading their arguments, regardless of accuracy. Because Bitcoin is a gateway cryptocurrency, crypto newbies will encounter it first and gobble up these narratives because they don't have the experience to know their flaws. And they're very convincing when you keep repeating them in an echo chamber: > > * Maximum supply cap of 21M BTC vs Fed's money printer > * Amazing past-performance gains vs fiat > * Works as Store of Value (despite volatility) > * Had a "fair launch" without an ICO > * Is not a risky altcoin > * Is decentralized (based on largest number of miners) > * Has instant payments via the Lightning Network > > **Ultimately, people are mainly using crypto for speculative investing and long-term Store of Value. Most people don't care about technology, Defi, or utility. Thus Bitcoin is sufficient for their investment needs.** > > And since cryptocurrency value is largely based on a Keynesian Beauty Contest (i.e. you buy not based on your own value, but on what you think others are going to buy), people are going to keep buying Bitcoin as long as the investment narrative holds. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7vq/top_coins_bitcoin_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds.

Mentions:#BTC#SEC#NFT

* Relevant Cointest topics: [Bitcoin Cash](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_bitcoin_cash), [Litecoin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_litecoin), [Lightning Network](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_lightning_network), [Proof of Work](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-work), [Taproot](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_taproot) * Official and related subreddits: r/Bitcoin, r/BitcoinMarkets, r/BitcoinMining, r/BTC, r/BitcoinCash. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/1dl8atk/dell_ceo_posts_cookie_monster_eating_bitcoin_meme/?sort=controversial). Doesn't work on mobile.

Mentions:#BTC

I sold somewhat recently too and put it in s&p and am up more than BTC has done in the last few months.  

Mentions:#BTC

I keep buying, never selling, and I use short to take profit, but my amount of satoshis keeep growing Good BTC to everyone

Mentions:#BTC

Usually we have recession 1-2 years AFTER 10y 3m starts to uninvert and its still heavily inverted. So at earliest end of 2025/26 which is perfectly in line with btc 4 year cycle. Also you have to know,after 2008 FED is much more likely to just inject money and print money in the first sign of trouble,especially now when inflation is slowing. More money printing-BTC up.

Mentions:#BTC

Imagine having collected 50k BTC and still running your illegal streaming website instead of sailing off into the sunset never to be seen again.

Mentions:#BTC

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Mentions:#BTC

Just a quick note to correct some misconceptions here... Bitcoin,  any crypto really,  are NOT immune to inflation and bad economic performance.  It has performed well compared to it's start in 2009 but in reality when those ETFs and institutional investors discover they need liquid cash right Frickn now they'll sell off hard to balance their ledgers.   This will negatively impact BTC. This did not have to be the case.  If the community had focused on adoption rather than blindly following the gatekeepers we would be in a much more integrated position allowing people to actually USE btc.   We're on our way down by at least 75% if several large current world events go sideways.   I'd love to say it was clear which way things will go but the future is very murky.

Mentions:#NOT#BTC

Bitcoin performance will strongly mimic stocks in the event of a major global crisis (financial or geopolitical) due to the heavy-weight institutional investments in BTC. This will be the true dip/opportunity to buy. See what happened in the months after the Ukraine war in 2022, it will be 10X that.

Mentions:#BTC

people demand BTC for all kinds of reasons it's capital that can't be confiscated by remote mouse-click, for one - unlike the dollar that property of bitcoin essentially sells itself

Mentions:#BTC

I'm just going to keep DCAing and watch. I've been a believer since Bitcoin was 50 cents but I was too stupid to buy. So 10 years; BTC is $1mill, a hamburger is $80k, a house is $12mill, my salary is $14 a week.

Mentions:#BTC

Congratulations on being debt free, rest assured it was a good decision on your part. BTC more than likely was not going to outperform the interest on your debt.

Mentions:#BTC

I don't understand how despite all the cycles look the same, and we're consolidanting in a good range, we're having the same amounts of dips, with pretty much the same % in correction, BTC still in an uptrend, people is still saying everything is over.

Mentions:#BTC

ATH to ATH, Bitcoin has not outperformed S&P500. That's fucking sad and if we go down it will delay the acceptance of BTC by crowds by a long while.

Mentions:#ATH#BTC

TL/DR: Some time between 14 and 222 Mooches during the second Biden admin, BTC and ETH will shoot up by some made up amount because consultants will declare them an asset class and pensions will eat it up.

Mentions:#BTC#ETH

Or, minor countries ditch major power currencies to use BTC for international trade

Mentions:#BTC

I really like that you're positive about BTC but there isn't enough money in the world to bring BTC to a Market Cap where it'll be $1,000,000 a coin. Do you math, couple with your world-on-fire scenario and there isn't investment $$ for this to play out.

Mentions:#BTC

He knows what he’s doing and probably has some BTC. He understands it perfectly well and shares a lot of the same beliefs Bitcoiners do. He just thinks Gold is the answer. I’d argue it’d be a good idea to hold both.

Mentions:#BTC

Highly doubt BTC will be in millions by 2026.. it’ll be lucky to be over $100k-$150k by then

Mentions:#BTC

Realistic targets include 62k and/or a heavier correction to 52k for BTC before bouncing up and likely break resistance and ATH. Alts will follow.

Mentions:#BTC#ATH

Bitcoin and gold correlation has not historically played out to my knowlege. BTC has so far always been a risk-on asset.

Mentions:#BTC

I think more money is entering the space than ever before. Larry Fink who previously said it was index of “money laundering” is now calling it a flight to quality. The ETF’s are the fastest growing ETF’s in history. More companies are starting to adopt it as a treasury asset. Just this week Micheal Dell made some posts that seem to hint he has been orange pilled. All the previous cycles occurred during the gradual phase. It’s hard not to think we aren’t at the start of the suddenly phase. Nobody can predict what will happen. All I know is that inflation can’t be fixed by printing more money, yet that is all the government seems to do. Because of this cash will continue to devalue. I use Bitcoin as a savings account. I keep enough cash for 90 days worth of expenses and convert the rest to BTC. It has served me well and I’d recommend that strategy to anyone. All my friends are into stocks and real estate. They tell me Bitcoin is a scam. Yet my returns dwarf theirs. My advice to you would be to keep educating yourself on the subject and stay far away from all the other distractions. The more you learn the more you want to learn buy, and the easier it becomes to ignore the FUD and short volatility.

Mentions:#ETF#BTC#FUD

Super-valid point. On a sidenote, there are these 2X leveraged BTC ETF's to allow upward rises to be twice as interesting.

Mentions:#BTC#ETF

congrats but i dont get it historically there is no worse time to sell BTC than right after the halving. The 18 months post halving is like our christmas - but in slow motion. Don’t sell during christmas

Mentions:#BTC

I went and [found it](https://www.youtube.com/watch?v=d7ID3fKAFQM). Great watch. Very informative and he has great ways to describe just how innovative BTC is.

Mentions:#BTC

Does kraken support use by US users? I hate coinbase with a passion due to the stories I've heard, to be honest they haven't given me much problems. Kucoin made it impossible for me to withdrawl the last bit of BTC I had in there which is fucked because they used to be my favorite

Mentions:#BTC

Isn’t BTC much more lost than any other major forms of money?

Mentions:#BTC

Hmm , Michael Saylor takes in more debt to buy BTC.. how backwards

Mentions:#BTC

That's because ETFs charge fees for the convenience. If BTC went sideways for a year, you would lose money holding the ETF.

Mentions:#BTC#ETF

This is a very cool “Rich, Respected, Tech-Guy Supporting BTC” Domino to fall in the series of “Rich, Respected, Entrepreneurial Type-Guys Adopting BTC” yet to fall.

Mentions:#BTC

There’s 100million SAT in 1 BTC 0.00154900 BTC = 154900 SAT 1 million SAT = 0.01 BTC

Mentions:#SAT#BTC

If BitCoin Well is non-custodial, then each time that you buy some bitcoin, it is sent directly to the address provided by you. Whether you send to a new address each time or reuse an address multiple times, each buy / transfer to the wallet creates a new UTXO. Wallets are not like bank accounts, for better or worse. It is advisable to send at least 0.01 BTC to a each hardware wallet address due to future increased transaction fees when you eventually want to spend that bitcoin. You'd probably be better off using a hot wallet to accumulate the small (USD500) buys before consolidating and sending to a new address in your hardware wallet. A hardware wallet is typically intended for long-term storage, not daily pocket money.

Mentions:#BTC

if you are a true believer you get in at a price you are ok with and go in heavy. DCA is not it (this is for BTC not shitcoins)

Mentions:#DCA#BTC

CRO was reading in the $0.05 to 0.2 range, then managed to catch a wave of interest around Nov 21 getting up to 0.8 with decent advertising, credits cards with good perks and building an eco system of dapps etc. It then dropped back as BTC came off all time high in early 2022 and been sitting around 0.1 since then. Latest increase in BTC has had no lasting impact on the price with it getting above 0.18 in the last year before dropping back to 0.09

Mentions:#CRO#BTC

No one should care btc will run no matter if gold is up or down it’s not spy where everyone added it as “sell all and put it into gold.” It’s BTC not a stock

Mentions:#BTC

I still got hope for this cycle and believe more in a bullish outcome until mid 2025. But let's not forget: - possible upcoming stock market crash end of this year / next year - ww3 loaming around the corner with russia and china pushed against the wall more and more - ETF allowed banks to print BTC out of thin air. Every USD invested in BTC ETF is only a few cents contributing to the actual crypto price. Plus it now is easier to gamble with and directly impacted by stock market swings. So, it's not all good

Mentions:#ETF#BTC

Exactly. We got a huge budget deficit because the government are stupid ducks and our finance minister doesn't want to borrow more money. Instead BTC is sold and shares from Deutsche Bahn, Deutsche Telekom etc, all the silverware.

Mentions:#BTC

BTC is a nobrainer for investments, it runs the entire crypto industry. However, the altcoins with hottest narratives like AI(Ocean), P2E(Akarun), DePIN(Rivlaz network), cat memes(popcat), etc does better. The catch is to be bullish on alts when btc is strong and healthy then reinvest the altcoin gains back to BTC during the dips.

Mentions:#BTC

Bitcoin (BTC) is a decentralized digital currency that operates on a cryptographic algorithm-based mining system. Its value is influenced by factors such as trust in its decentralized nature, widespread hype and media attention, educational efforts to understand its complexities, perceived necessity as a digital asset, and the ability to convert external resources into BTC. These elements collectively contribute to its increasing valuation over time.

Mentions:#BTC

BTC Trading Volume daily (today) $20,135,835,075. Sum of all the BTC Germany holds ~$3,000,000,000. I was gonna say that's a tuesday, but it's even less by quite some.... The amount actually sent to an exchange: A drop in the bucket. I know the term is used a lot these days, but it's safe to say this is disproportional FUD.

Mentions:#BTC#FUD

Err, BTC had a new ATH, meme coins went crazy, and you're still waiting for the bull?

Mentions:#BTC#ATH

#Bitcoin Con-Arguments Below is an argument written by CreepToeCurrentSea which won 2nd place in the Bitcoin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Bitcoin is a peer-to-peer digital currency that can be transferred via the bitcoin network. Bitcoin transactions are cryptographically verified by network nodes and recorded in a public distributed ledger known as a blockchain. The cryptocurrency was created in 2008 by an unknown individual or group of individuals using the alias Satoshi Nakamoto. ([1](https://bitcoin.org/bitcoin.pdf)) > > # CONs > > **Early Buyers have the Higher Ground.** > > * Those who bought BTC in it's early years have a great advantage over the recent ones. One thing is that they won't have to worry much about it's price dropping now since they're still much likely in the green in terms of percentage gains. Most of these early investors are also capable of manipulating the market via wash trades not giving the true traded volume within the market and thus deceiving most novice traders/investors into believing fake signals ([2](https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe), [3](https://www.marketwatch.com/story/us-regulators-demand-trading-data-from-bitcoin-exchanges-in-manipulation-probe-2018-06-08)). There is even a possibility that Satoshi Nakamoto himself/herself/themselves will suddenly access the wallet he/she/they own/s and proceed to sell the large amount of BTC they have which would greatly cause a crash in Bitcoin's price. > > **Attracts Illegal Transactions and Criminal Activities** > > * Bitcoin's innate trait of being publicly available and pseudonymous not only attracts those who seek independence but it also attracts those engage in illicit activities and perform illegal transactions. This is one of the downsides of giving back the power of choice to people, not all of them will do the morally right thing to do and as a result, economist, lawyers, and even countries will label Bitcoin as just another medium for buying/selling illegal goods/services. ([5](https://web.archive.org/web/20140325214514/http://www.bloombergview.com/articles/2013-08-08/did-the-sec-just-validate-bitcoin-no-), [6](https://www.economist.com/finance-and-economics/2012/09/29/monetarists-anonymous), [7](https://www.theguardian.com/world/2013/mar/22/silk-road-online-drug-marketplace), [8](https://www.cnbc.com/2018/07/09/nobel-prize-winning-economist-joseph-stiglitz-criticizes-bitcoin.html), [9](https://www.fnlondon.com/articles/stiglitz-roubini-and-rogoff-lead-joint-attack-on-bitcoin-20180709)) > > **It still Affects the Environment** > > * Bitcoin accounts 0.1% of the world's greenhouse gas emissions this year. The waste from it's parts also affect the environment as it's equipment only last an average of 1.3 years, especially, ASICS that aren't really reusable after their expected wear and tear. Although efforts have been made to address this energy and waste problem such as using green energy for Bitcoin mining, there is still a need to further improve this so as to avoid future problems in the environment ([10](https://www.theguardian.com/technology/2021/sep/17/waste-from-one-bitcoin-transaction-like-binning-two-iphones), [11](https://www.bbc.com/news/technology-58572385), [12](https://digiconomist.net/bitcoin-electronic-waste-monitor/), [13](https://www.business-standard.com/article/international/going-green-how-to-ditch-fossil-fuels-powering-the-bitcoin-network-122042100219_1.html), [14](https://www.jbs.cam.ac.uk/insight/2022/a-deep-dive-into-bitcoins-environmental-impact/), [15](https://ieeexplore.ieee.org/document/9385063)). Regardless with how small its effects are compared to other industries, it still should be a unified act to preserve the environment for as long as humanly possible for the future of humans and the world itself. > > **The Requirement of Being Responsible and Disciplined** > > * The constant triple-checking of addresses making sure that it's yours and not some dead end address or the fact that you need to keep your passphrase safe physically and never keep them in any device connected to the internet as to avoid any possible hacks/scams. The decentralization that Bitcoin gives you the freedom to finally be your own bank, but it comes at a cost. You need to be responsible and disciplined enough because unlike traditional banks, being your own bank doesn't give you any protection or safety nets like FDIC (Federal Deposit Insurance Corporation or any other deposit insurance corporation) when things go south. > > *Sources:* > > [*https://bitcoin.org/bitcoin.pdf*](https://bitcoin.org/bitcoin.pdf) > > [*https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe*](https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe) > > [*https://www.marketwatch.com/story/us-regulators-demand-trading-data-from-bitcoin-exchanges-in-manipulation-probe-2018-06-08*](https://www.marketwatch.com/story/us-regulators-demand-trading-data-from-bitcoin-exchanges-in-manipulation-probe-2018-06-08) > > [*https://web.archive.org/web/20140325214514/http://www.bloombergview.com/articles/2013-08-08/did-the-sec-just-validate-bitcoin-no-*](https://web.archive.org/web/20140325214514/http://www.bloombergview.com/articles/2013-08-08/did-the-sec-just-validate-bitcoin-no-) > > [*https://www.economist.com/finance-and-economics/2012/09/29/monetarists-anonymous*](https://www.economist.com/finance-and-economics/2012/09/29/monetarists-anonymous) > > [*https://www.theguardian.com/world/2013/mar/22/silk-road-online-drug-marketplace*](https://www.theguardian.com/world/2013/mar/22/silk-road-online-drug-marketplace) > > [*https://www.cnbc.com/2018/07/09/nobel-prize-winning-economist-joseph-stiglitz-criticizes-bitcoin.html*](https://www.cnbc.com/2018/07/09/nobel-prize-winning-economist-joseph-stiglitz-criticizes-bitcoin.html) > > [*https://www.fnlondon.com/articles/stiglitz-roubini-and-rogoff-lead-joint-attack-on-bitcoin-20180709*](https://www.fnlondon.com/articles/stiglitz-roubini-and-rogoff-lead-joint-attack-on-bitcoin-20180709) > > [*https://www.theguardian.com/technology/2021/sep/17/waste-from-one-bitcoin-transaction-like-binning-two-iphones*](https://www.theguardian.com/technology/2021/sep/17/waste-from-one-bitcoin-transaction-like-binning-two-iphones) > > [*https://www.bbc.com/news/technology-58572385*](https://www.bbc.com/news/technology-58572385) > > [*https://digiconomist.net/bitcoin-electronic-waste-monitor/*](https://digiconomist.net/bitcoin-electronic-waste-monitor/) > > [*https://www.business-standard.com/article/international/going-green-how-to-ditch-fossil-fuels-powering-the-bitcoin-network-122042100219\_1.html*](https://www.business-standard.com/article/international/going-green-how-to-ditch-fossil-fuels-powering-the-bitcoin-network-122042100219_1.html) > > [*https://www.jbs.cam.ac.uk/insight/2022/a-deep-dive-into-bitcoins-environmental-impact/*](https://www.jbs.cam.ac.uk/insight/2022/a-deep-dive-into-bitcoins-environmental-impact/) > > [*https://ieeexplore.ieee.org/document/9385063*](https://ieeexplore.ieee.org/document/9385063) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p7u8/top_coins_bitcoin_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1dlig4l/daily_crypto_discussion_june_22_2024_gmt0/).

Mentions:#BTC

* Relevant Cointest topics: [Bitcoin Cash](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_bitcoin_cash), [Litecoin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_litecoin), [Lightning Network](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_lightning_network), [Proof of Work](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-work), [Taproot](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_taproot) * Official and related subreddits: r/Bitcoin, r/BitcoinMarkets, r/BitcoinMining, r/BTC, r/BitcoinCash. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/1dloy1q/german_government_moved_btc_to_cex_2_days_ago/?sort=controversial). Doesn't work on mobile.

Mentions:#BTC

Will that have the potential of BTC dropping on the market? How this is good /bad for crypto consumer ?

Mentions:#BTC

ETH and BTC obviously.

Mentions:#ETH#BTC

People that buy gold aren't usually the ones to buy BTC, especially selling their gold for an ETF version of it. The fuck did I just read?

Mentions:#BTC#ETF

That's just what happens in those stages of the cycle. Bitcoin in a strong overall uptrend, alts not able to keep up because most of the money flows into Bitcoin. And once Bitcoin has some kind of correction, alts take an even bigger hit. When BTC drops 5%, alts drop 20%. It's just the way it is. Alts follow Bitcoin and make much bigger moves, and right now it's simply much more to the downside. There will most likely come a time (probably when ETH breaches its ATH) where alts outperform Bitcoin to the upside. But we're far from being there yet so use those opportunities to load up on good altcoins that have remained relatively stable against Bitcoin and enjoy the ride. :)

Mentions:#BTC#ETH#ATH

The CDBC problem is easy = encourage, work on, strengthen, and make the BTC related resources adaptive. What should be the end goal is allowing BTC to thrive through diversity, meanwhile CDBC should be allow to be its own niche platform, so is fiat, gold, etc.

Mentions:#BTC

Like hell i will tell my family about BTC/my hodl. My money - are only mine. No family member questions my decisions, cause everything (means literally everything, except wife’s hair/nails etc) is payed by my work.

Mentions:#BTC

In the event that it might stabilize around 70k for the purpose of investment security it could be used. Then again, it might take the force of a government-backed stablecoin to link it as a hedge against volatility and speculation risks. There must actually be a true value that will only become evident when: - BTC has run its computation lifecycles and finished all its halvings. - The total energy expended in its computation (from 2009 to end) can be calculated as an actual tangible output - bitcoin adjusts to government and market forces (or vice versa even) and has a commonly recognised status (eg. 'Commodity') that links to transactional functions (eg. Merchant / Vendor acceptance) - the store of value function ('digital gold') can be accurately accounted for

Mentions:#BTC

Because XMRs main use case is buying drugs. Get kraken sorted asap. BTC -> de.fi exchange to XMR is easy. It should be clearly noted by all that XMR is the main one they do this with. That to me suggests it's the only one that's private. BTC the authorities love because you don't need subpoenas to trace.

Mentions:#BTC#XMR

> There is no need to exaggerate the scale of the event ... compared to Solana, it's a solid chain. "Compared to the chain that fails the most it's a solid chain" is vastly different from "Cardano is one of the most stable chains out there". I never said BTC/ETH didn't have downtime. What I did say is the Cardano community is very proud of their "lack" of downtime, and it's a lie. In terms of technical issues it's middle of the pack, and yet it comes up as one of the most frequent pros of the Blockchain when discussed by Cardano bag holders.

Mentions:#BTC#ETH

Us announces BTC legal tender besides fiat(trump wins), musk announcing putting half of his money in btc, more huge company’s accepting BTC, bill gates as orange pilled version, or simply time 📈

Mentions:#BTC

Zoom out, Peter. BTC is up $20k since January 1st.

Mentions:#BTC

I can’t tell if Schiff has full blown BTC derangement syndrome or if he has a bag of BTC and this is just a shtick he does for social media engagement and constant video interviews

Mentions:#BTC

Just... wow. Great job that majority of commenters. Jeez. Benefits aren't taxable income, so if you don't have a job at all and no self-employment income you get 0 taxable income. 200k out in capital gains, well, good job buddy! Spent 10k, taking out I assume 210k - yeah, that's 200 of profit. Be sure to take off all costs / fees involved in the purchases and transfers. u/JamesScotlandBruce was the closest but counted your benefits as income. Their two links are probably the easiest to work out the right answer. TaxScounts shows you how they worked it out. 200k cap gains profit, zero income makes £35,630 CGT. You will have to register for self-assessment having made more than 50k in one hit and enter your gains there. If you were to sell today in 24/25 tax year, you have to do your tax return and pay the tax by 31st January 2026. You can do this return any time after 5th April 2025. Probably an idea to keep that cash sat aside in a savings account until April but you won't be able to pay until at least April 6 2025. Register for Self-Assessment whenever.. now, whatever, but at latest something like Feb 25 so you're ready to settle up ASAP after the new year starts. Remember though, not actually due until 31/1/26. If you get Child Benefit for any crotch goblins that'll have to be cancelled / repaid for household earnings over 60k. Not sure if the disability benefits are means-tested but if you have Universal Credit you may as well count that money as stopping because having over £16k in savings means you're not eligible for anything. Also worth considering.. do you need all 200k out? Leave some in until BTC hits eleventy hundred gadjillion

Mentions:#CGT#BTC

Interest rates are high in an economy with loads of debts. Both private debts and public debts. All assets are climbing uphill and facing headwinds in a such a scenario. This has not been the case since BTC was invented, so looking to previous cycles will not give valid predictions. Imho crypto is showing strength in such an environment and will likely bounce back with a vengeance when money printer goes brrrr again. Which it will, because governments needs to fund their existence.

Mentions:#BTC

What about 51% attack? It's not possible to change amount of minted BTC? 

Mentions:#BTC

Saudi Arabia choosing BTC as the new petrol currency. Apparently they are actually considering it.

Mentions:#BTC

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Mentions:#BTC

This is so crazy that they seized so many BTC from this movie website operators. Did the operators just hold their btc for many years, I can’t see them making so much money out of this website. Other question why did they agree to that deal? Germany is not USA, they would maybe get 5 years behind bars and effectively do 3 years at the end. So there was probably more to the deal. Like agreeing that the rest of the money is considered legal and can’t be spent without having to launder it.

Mentions:#BTC#USA

They could, but Zypto is already doing it. Think about Tesla. They came on the market offering EVs, which could have been done long before by any of the dozens of legacy automakers, but they were slow to adapt. Tesla captured so much prominence and market share that they became a dominant force in the market quickly. And I believe the crypto market has much larger potential than the EV market. Also, there is a lot of room out there for several big players in this sector and Zypto is forging ahead. They will definitely be one of those players. Also is the advantage of being an ERC20 token. When BTC and ETH inevitably go up much higher, Zypto will get a boost from ETH on top of all of the clients they are adding on a weekly basis. Zypto may or may not become the largest company of it's kind, but regardless it has a LOT of growth potential.

Mentions:#EV#BTC#ETH

When non-US countries get of the US standard, like the BRICS countries are seriously considering, there will be a massive influx of dollars back into the US, setting of hyperinflation. BTC as priced in USD will appear to rise, but it’ll be due to USD inflation.

Mentions:#BTC

The price action itself is the catalyst you’re looking for. There’s a collective psychology thing that’s going on with bitcoin and the game theory behind how it will be adopted. This really isn’t the time to be sidelined to be honest. Bitcoin likes to lull people to sleep or scare them into being sidelined, then explode upwards. Most of the gains happen fast, you don’t want to be chasing. Best to just hold your bags and try to exit at an or near actual cycle top… unless you think BTC won’t make significant new all time highs at all this cycle, it’s usually not smart to try and get overly cute with timing

Mentions:#BTC

It already has. People need to drop this idea that 1 btc is going to be worth millions and that you only need 1 to retire. BTC is already crazy high and the amount of money required to move the price to beyond 100k or to the levels of these YouTube “experts” crazy predictions, simply isn’t there. Law or diminishing returns at play, the higher it gets, the more and more money it takes to even have a tiny impact on price. Consider taking profits, don’t get caught holding the bag, it never gets much higher than this IMO.

Mentions:#BTC#IMO

I start with… What gives value to money is scarcity. This makes it a “hard” asset that holds value long term. Scarcity: If I offered you a glass of tap water right now how much would you pay me? If I offered you that same glass of water in the desert and you were on the edge of dying without it, then how much would you pay me? Hard asset: Your cash is like a slowly melting ice cube due to inflation. To save your “lifeforce work energy” you need a hard asset to hold its value. The hardest asset on the planet is Bitcoin because it is the ONLY asset that has a fixed supply and the increasing demand / network effect will drive price up long term. Think a min 4years+ to HODL to ride out volatility. If they still show interest, can get into decentralization, proof of work, etc… or recommend some podcasts, books and send them a little BTC to show them HOW its used. This I find is powerful if done right…

Mentions:#HODL#BTC

I hope BTC will go up to 100k this Year.

Mentions:#BTC

tldr; The German Government transferred 2,000 BTC, with 1,100 BTC (~$72.3M) deposited to various centralized exchanges (CEX) including Kraken, Bitstamp, Gemini, BitFlyer, and Coinbase. This move comes after the government seized 49,857 BTC from the operator of the pirated movie website Movie2k five months ago. Currently, the German Government still holds 47,859 BTC worth approximately $3.12 billion. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#BTC#CEX#DYOR

All the gold on earth already exists, it’s just stuck in the ground and has to be dug out. Satoshi created 21 million bitcoin, they are just programmed to be released slowly over time. Computers compete to “dig them out” and every ten minutes one of them gets a small amount of BTC as a reward.

Mentions:#BTC

Technically no, but do understand that "air-gapped" is not a "necessity", but a "personal preference" much like whatever wallet you choose to use. Trezors still do everything on the handheld device only, all done offline. So, you don't "need" an air-gapped wallet. I have a Trezor Safe 3 as well and a Safe 5 on the way. You made a nice choice on your wallet, and your funds are 100% safe as long as you safeguard your seed/keys. #BTC 👍🪙😎

Mentions:#BTC

So then wouldn’t that just incentivize the US government to never accept BTC as legal tender?

Mentions:#BTC

Kinda sorta. I think someone more experienced than me should answer this for you. But I’ll give it a shot. Essentially, your hardware wallet will secure your private keys. Your private keys are basically your means of accessing your BTC on the blockchain (Bitcoin never leaves the blockchain…which is why the term “wallet” is a bit misleading). You won’t necessarily need your hardware wallet to access your holdings…it just mainly secures your keys. So, when you set up your wallet, it’ll provide you with (most likely) 24 words. That is your private key. Make sure to carefully write those words down with pen and paper in the exact order given to you, and secure them as best as possible. Never type them into a computer or your phone, and never take a photo of them with any device connected to the internet. Never show them to anybody! Ideally, you’ll memorize them and also stamp these words into a metal plate, so even a fire can’t destroy them. If someone were to gain access to those 24 words, they will have full control of your BTC and there’s nothing you can do about it should they move your holdings without your knowledge. And if you’re to lose these words without memorizing them, you could also be fucked. Your wallet will also generate an address for you to transfer your BTC from the exchange to your wallet. If I were you, I’d wait until you’ve accumulated enough on the exchange to where it would really sting should the exchange collapse and you lose what you’ve purchased. When you get to that point, transfer what you have to your hardware wallet. Transferring too often will create excessive UXTOs, and will increase the fees later on should you decided to move your holdings off your wallet. When you’re ready to sell, the exchange will give you an address to send whatever you want to sell back to the exchange where you can trade it for fiat.

Mentions:#BTC

What if I just want to end up with the most BTC possible and hold forever? What is the best strategy?

Mentions:#BTC

Simple transaction. vault Prime releases my money I send $3500 in BTC

Mentions:#BTC
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