BTC

DrGrungy

Not BTC. Everyone who says so is dumb.

GCM1313

I have about 1/3 of mine w Fidelity as of this morning, the rest are still sitting on the cold wallet. My BTC shows on my portfolio home page as a separate crypto acct w X BTC next to all of my other brokerage. So I don't have my keys and I'm subject to counterparty risk w them. But I was trusting them w far more value in brokerage earmarked for retirement and college as of yesterday and hadn't given that a second thought. This an asset manager w custody of almost 20 trillion in customer assets and they've been in crypto for more than 10 years. I'll take my chances w what of mine I just turned over custody of and they are now responsible for safeguarding so I don't have to.

blaziken8x

BTC

BrokenHefaistos

So he shorts BTC ? 🤔

MiguelLancaster

will this result in me getting some free forked coin that I can sell for more BTC like the BCH fork did?

thogor

Why would you try and pull newcomers in your own filthy bags while you know that it's way better advice to just let them start with BTC and figure it out themselves. I own other coins than BTC but not a hair on my head would even consider shilling them to a newcomer. You should be ashamed of yourself. Be better.

StrangerEither

I think it's only for the spam being added by exploit. It's patching an exploit from a previous update thats allowing people to bypass the limit by 10x. There's blocks being added that are just text/images which was never intended. Don't Shitcoins run their own chains/layers and settle on BTC? They're transactions on btc rather than actual words/images added to the chain.

melch_18

Depends on your goal, here's what I'd recommend after 6+ years working FT and investing in the crypto industry. \- safer and long term holds: go with the big names, BTC, ETH, SOL, SUI (not XRP, Cardano, they're dead) \- riskier, shorter hold, higher upside: find a project that's about to launch, get involved in their community and get in early. Or look for well funded projects in the 200 - 400 market cap listing on coingecko .com (expect it to go to zero) These are very early startups, very young, very risky. Not advice but Euclid Protocol is one of my favorite projects that we've worked with for years and will launch in 1 - 2 months.

BigDik6355

Did you at least buy BTC with the proceeds of those kidneys?

Ladlow

Probably BTC, ETH, SOL, XRP (Larger market cap coins with institutional support). Do some research and go with the one you have the most conviction on.

CUbuffGuy

These relies are lacking so much info or just straight up wrong. Some people bought it, some people mined it, some people got it for free from faucets (sites that just gave free BTC daily). Thats not what actually made the price increase from a technical standpoint. Bitcoin operates on an algorithm to determine the rate of new Bitcoin released into the economy. Roughly every 4 years, the amount of BTC you get when “mining” it is halved. This means that less and less Bitcoin are being created every time that mining reward goes down. At the same time, the use cases and the ability of Bitcoin to function as money has been improving. So you have an asset with a rapidly decling rate of production, and a rapidly increasing rate of adoption and use cases. This lead to an extreme increase in price (supply/demand), causing each coins value to skyrocket. People who were early adopters of the system and mined when the block rewards were extremely large could acquire thousands of coins monthly. If you were able to store these coins successfully, they are now worth expinentially more than they were at the time. Of course, over the years many coins have been lost or destroyed, so the actual amount in circulation is actually a lot less that 21m number that many quote. But, that’s essentially how it happened in very broad terms.

cubeeless

BTC to $400k!

Rabimaster

Some forward thinking people bought into the idea of BTC at the beginning and saw its future potential (this was a minimal amount of people). 10c a coin $10, $100. Some bought (or mined) and forgot then found they were sitting in a fortune. So many people bought at 10c and sold at $10 or $100 and made a massive x100, or x1000 or more on their investment. Why wouldn’t you! The people that understood (again, minimal) sold at the ATH of $126k or whatever it was. The people that really understand didn’t sell (maybe a bit) and they are still buying at the current knock down prices of 50% of ATH.

zante2033

It was during the period when universities were running protein folding leaderboards and people would leave their PCs running on 24/7 with a view to furthering medical research, there were leaderboards and everything, coold times. Then BTC came out and just about everyone stopped folding proteins :) It was a fun use of distributed computing. Satoshi was posting on the p2p foundation website at the time, it all started there with mining. Originally there were sites called bitcoin faucets, where you could grab them for free. It took a long time for their to be any kind of exchange rate established.

GoldmezAddams

Some of them may have mined early when solo mining was easier. A lot bought some early and sat on it. There was a time when a bitcoin cost almost nothing. There was a website that would give you 5 BTC for free just to promote the technology. The thing is, bitcoin is scarce (only 21,000,000 can ever be mined, about 20M have been mined so far) and it is useful. The more people came to appreciate that it was a good money, in many ways superior to the dollar, gold, etc, the more people wanted some. With increasing demand against an inflexible supply, price/purchasing power has to go up. So what was once worth cents is now worth about $65k USD.

Human_Traffic_3775

I'm with you. Just more and more convoluted solutions to keep our BTC safe. Now we have to buy the components ourselves and assemble them. The barrier of entry for anyone but hardcore fanboys is now so high. It's a real shame. Turns out there is no good sinple solution to self custody. It's just becoming an example of something that is technically perfect and completely impractical. 

ZucchiniIntrepid719

Point of correction: BTC has NOT been hacked! The wallet was hacked and that is 100% the responsibility of the wallet maker! Maybe we should all be talking to Congress right now to ensure that ALL exchanges and wallet providers carry insurance up to $200,000 account protection for every customer just like a bank.

whodkne

Real talk, stick with top names. BTC eth, etc.

Ill_Effective_4417

BTC only.

pizzeriagio

Trezor (only BTC if you can) + your seed(generated with dice) + good passphrase + multi seed phrase on fireproof metal plate= perfect security

Uther-Lightbringer

I'm not saying that people assume they're burnt. I'm saying the investing community at large treats that wallet as burnt tokens as it's been dormant for as long as BTC has been a known public term.

rdroid1

It is a lethal combination of both: * The Principle (The Trigger): Proof of life shatters the psychological foundation of Bitcoin. Knowing Satoshi is active means an omnipotent entity suddenly exists who can tank the market at any second. The sheer existential dread is what causes the instant panic. * The Supply (The Execution): 1.1 million BTC is roughly 5.5% of the entire circulating supply. No market on earth can handle an active, multi-billion-dollar seller looking for the exit. Even if Satoshi only sold a fraction, the massive overhang of the remaining supply completely breaks the math behind Bitcoin's scarcity. So the principle triggers the initial heart attack, and the threat of the massive supply ensures the market doesn't recover from it.

oneawesomewave

It is rather a good sign that you consider it weird. If you look closely you can see that there a lots of those people in the BTC and crypto community as well. I think about people irrationally hating on taxes, government, inflation, the "mainstream media", normies and so on. To me hatred is a sign for a lack of understanding, thus never shows intelligence but rather the opposite.

rambaldidevice1

Blue and it doesn't have shit to do with BTC.

Uther-Lightbringer

The issue here is, so much of the psychological price of BTC is based on the fact that his wallets are basically considered burned tokens. So we have no idea what the fallout would be if even $1 was moved from the wallet, it could cause BTC to collapse and not come back to these levels

Any_Upstairs_6172

Hello... I am not sure why it is a tax headache. As BTC is considered property it does not fall under the "wash" rules. And... "the next bull run"..? I am beginning to think that there being a next run is bull.

electromage

2.5 BTC, A "sat" is 0.00000001 BTC.

Individual_Bell_4637

2010 is already the year I use to torture myself. I got married that year and I did the math once: I could have used just $100 of the cash gifts we got, and it would have bought BTC worth $63M at the peak.

iloverunning11

Nobody said bitcoin was hacked, they said its price was not affected much even though thousands BTC have been stolen

Cryptoxic93

If you moved one Satoshi worth from that wallet BTC would implode, and you would get nothing.

marshyr3d1and

"the war on BTC" ??? Explain, what have I missed?

slowlearning1

Put as much money as you can on an exchange that offers leverage. Use as much leverage as you can, and short the BTC market. Move a few of Satoshi's BTC into some random persons wallet. Profit. That wallet is never going to be able to cash out. It will tank the market, and you will have all kinds of unwanted attention from government and just about everyone alive. The only way to profit off that wallet is to know it will tank the market, and to let it do exactly that.

karnyboy

Maybe the point of Satoshi's wallet is to never be found as to maintain a dollar value for BTC

arBettor

Tell him you'll sell it to him for 100K/BTC and will buy it back for 60K/BTC later. He loves that type of deal.

FamaCodex

That would probably trigger a massive panic sell ... The second people realize Satoshi's BTC is moving, the market would shit itself and BTC could absolutely nuke toward $0

CLUTCH3R

Could buy a lot more than 10 BTC back then

Intelligent-Dig-4082

BTC is undergoing the same structural change that names like GLD, SLV, OIL, equities have undergone... which is why the original BTC thesis is out the window. Bitcoin's valuation was built on two foundations: A hard cap of 21 million coins No rehypothecation That framework was altered the moment we started to layered things on top of the chain: Cash-settled futures, perpetual swaps, options, ETFs, broker lending, wrapped BTC, etc... Why do I say the thesis changed? Well, it is clear, the layers created change the hard cap. It essentially created an INFINITE supply of BTC but NOT on-chain. That INFINITE supply of off-chain BTC has synthetically has fundamentally altered the real supply, and as a result, price no longer reacts to demand. This synthetic supply of BTC no longer reacts to demand, but rather to positioning, hedging, and liquidation flows. Wall Street can not trade against BTC and doing what they do in every derivatives-dominated market: Create unlimited paper BTC Short into rallies Trigger liquidations Cover lower Repeat They've effectively turned Bitcoin into a market where supply can be created on demand. And they literally print their own Bitcoin out of thin air.

yorickdowne

So the move is \- Short BTC with leverage \- Move BTC from Satoshi’s wallet Do both on separate machines on different continents (don’t rely on a VPN service, have a physical machine you can log into remotely). After the act, collect your machines and wipe them.

DegenNabalu

FBI knock your door. DOJ seize the BTC. So maybe just hodl lol

TheBestintheWest11

the day Satoshis wallet cashes out will be the exact moment in time where everyone will call BTC the biggest "scam" of our time. I doubt this would ever happen. If anything I can see a random day the monst randomest of the random where Satoshi would burn all his/her BTC to keep BTC's idea forever alive.

osb40000

At one point I sold \~ 100 BTC to pay for my son's birth and week long stay in the NICU. Honestly would do that one over again, but no way would I risk anything that would fundamentally change my life from what it is now. Great wife, 5 wonderful kids, solid career, good health, good friends. I'd be hard pressed to go back and change anything that would make me happier today.

zenethics

The best defense is diversification frankly. I'm mostly reacting to people who had 10+ BTC stored on a coldcard. That seems very crazy to me, unless it represents like 5% of their net worth or something.

CODE_HEIST

His biggest contribution may be turning Bitcoin exposure into a familiar corporate finance product. Investors who would never manage keys could buy a public company, while the company used debt and equity markets to accumulate BTC. Whether that ultimately proves healthy is separate. He changed the distribution channel more than the technology.

Monster213213

Is your time horizon 5 years? 3 months? A snapshot? Are you a trader? I firmly believe in BTC and with that firmly believe MSTR will succeed and be one of the largest companies in the world - whether 5, 10 or 25 years

Zestyclose_Ad2462

Proposed BTC holdings: 10% in a cold wallet w/multisig or 2FA 10% left on a reputable exchange 40% in one ETF using one custodian 40% in another using another custodian This minimizes the possibility you'll get Cold Carded. Even if you do and it's a complete loss, you still have 90% of your portfolio. Ditto if your exchange goes under. ETF's aren't guaranteed but I'd bet good $ Fidelity, Vanguard, Schwab etc employ better (and far more) cyber-security nerds than any cold wallet. Let's look at Fidelity. They're the largest custodian in the US, with over 17 TRILLION assets under management. There's at least a CHANCE they'd make people whole. Otherwise, why would people keep their money with them? They'd forever be known as the custodian who got hacked and people lost everything. Conversely if they stepped up and made people whole, I bet they'd see a LOT of new customers. And few, if any existing customers leaving. Just my opinion

Thanis_in_Eve

All I did was point out a contrary point to your final paragraph. I don't use coldcard. They are a little too bare minimum for me. And I understand that people have difficulty with technology at every level, so also know that some people will be completely fine with Coldcard, Trezor, Ledger, etc., while others are more comfortable with an online platform. I personally use a Trezor and generate my own entropy. I've never trusted someone elses entropy outside of a lab environment. Everything has a vulnerability or an exploit, even if it's just your face vs a $25 wrench. Knowing and being able to plan for those vulnerabilities is the difference between security and being a cautionary tale. What's your strategy for working around Coinbase being unreachable because: Their servers are over whelmed They limited access to their servers because of excessive traffic They turn off access to their servers due to a cybersecurity incident while their PR team prepares a statement about how sorry they are for sending your BTC to North Korea They turn off access to their servers due to a government request/action Your government blocked access For me, self custody is the way. So is generating your own entropy. It's not the simple answer some may want. But simple people want simple answers. 'You got hacked' is pretty simple I guess?

Hypnot1se

This might sound counter-intuitive or even possibly retarded, but the cold card hack thing is what renewed my interest in BTC and how it works. If I hadn't have bothered to look into it I wouldn't have started to be convinced that BTC actually has real utility and isn't necessarily a bad asset to hold. Talking to people here has helped me learn a lot of valuable things and the arguments they make seem logical and make sense to me. Not everybody is going to just react like that and discard an idea out of hand.

Sufficient_Fuel5269

Saylor not only bought BTC: he institutionalised the narrative. It put companies in front of the mirror and turned Bitcoin into a respectable treasury asset. His greatest contribution is to make the “risk” of not having Bitcoin.

Ready-Government-954

I might reach that point when I'm a full coiner. But I definitely feel like BTC is the superior asset compared to everything else I can think of and I expect it to outperform everything else in the comming few years, other then some high risk things you cant predict with a lot of certainty. So better to buy other assets when the btc price is higher.

youyololiveonce

Making it so I can’t but 50k BTC anymore

0x_Crypto_Pirate

Red pill. 10 BTC now. Going back to tge past with my currebt knowledge would definitely destroy me in the future. I might be able to have 1000 BTC but would lose it quickly.

Illustrious-Motor504

Wow! What a story! I’m feeling very sorry for you, I’m unsung Trezor and ledger. Can I just get a lightning wallet from you- I’d like to send you some sats! Take it as a sign from the BTC community that there are also (and mostly) very kind and friendly people who like to help each other a bit more!

Few-Engineering9803

I sent this meme to a friend who bought BTC at 125K, he's still laughing about it to this day.

dapzar

Pulling in more money. BTC is a purely speculative asset with a price determined only by supply and demand (no underlying business that generates a cashflow which would allow some DCF-based valuation to create more demand), so momentum/attention is what can create bull runs and Saylor was good at promoting that. By getting investors to give him money, he bought BTC which pushed the price, allowing him to pull in more investors. Naturally, there is a ceiling to that but it made some people richer in the process (and some people a lot poorer who bought at the top).

Raidianite

They will only feel satisfied with themselves when Bitcoin as a project fails entirely, but since that hasn't happened they're just being strung along for years in the hope that they'll see BTC fail one day. I don't think everyone needs to support or like Bitcoin, different people will have different opinions or interests, but it is wild to me that someone can invest so much time in things they claim to dislike like this. Our lives are short and we shouldn't be wasting them spreading hate on the internet or hoping for other people to experience misfortune. I've never liked schadenfreude but that community takes it to the next level because they fuel themselves on the HOPE that SOMEDAY they'll get to feel schadenfreude, it's just bizarre.

MeringueBeautiful760

Go to https://switcher.finance Select USDT > BTC, directly via browser in-app, these are the best rates as it's an aggregator.

TinSodder

I'd mine the fuck out of Bitcoin, JFC, could used to mine with a CPU and the reward blocks were 100BTC. Of course I'd buy the shit out of it too, just reallocate what I was putting into 401(k) at the time. More importantly, I'd also have the chance to unfuck my kids, change their directions aggressively.

Old-Committee944

I think his biggest contribution was making Bitcoin look like a serious treasury asset for public companies. Buying billions in BTC got the headlines, but proving a company could actually build its balance sheet around Bitcoin changed the conversation much more.

Marmaluke420

Not rugging BTC down to 10k....

macetheface

Remember being laid off in 2010 after the 09 recession and having absolutely no clue what I wanted to do with my future. Full on despair. Imagine having the knowledge I do now back then. BTC price was under 1 cent. I would have bought 20,000 BTC. Don't forget selling at cycle tops and buying cycle bottoms, with leverage. Could easily be the richest person alive.

Anxious-Fondant-8929

I wish you long life and Prum friend! They also got me for .17 BTC. Not as much as you claim but the pain and anger are still there. At the end of the day we can’t take any of this with us when we go and all that we will look back on is the memories we create with the ones we love around us. I was poor and happy. Dreams of riches only brought me anxiety. In Swahili Maisha marefu!

Klutzy-Sea-4857

I split crypto into 3 buckets: BTC, actual projects with real revenue and users, and casino chips. Everything else is noise. Tokenomics and real usage matter far more than L1/L2 labels.

Rude-Commission-1002

I’d take blue and buy BTC early, but honestly fixing a few terrible life decisions would probably be worth more to me than the money.

Lavayo

From everything I have heard yes. Although if this theory of the deliberate bug for later BTC theft holds true I would not trust the device either way. If the current location of your stack is good enough for a few weeks or so, I personally would set up a new wallet with dice on another hardware wallet (Bitbox, Trezor...) and add a passphrase. Double check if it works and transfer the stack for long term storage.

pqellowbory

Based on my own method, looking at supply and demand, I feel like the 60k range could already be a bottom area. There could still be a Spring down into the 50k range in the future, that's just my personal view. I'll keep DCAing consistently either way. Even if I'm wrong and BTC drops to 50k or even 40k, I'll still keep DCAing rather than going all-in at any specific price level.

mythormedicine

Right, but I think the idea is if instead of random useless hash problem we could switch the network to run AI. If that can happen, and I have no idea if this is feaible that would be a moon moment for BTC.

MigrationForever

If I wanted to brag I would have said what my full bonus was, not just the part I put into BTC.

Loafmanuk

I'd blue pill and sell Laszlo Hanyecz '3' pizzas for 10,000 BTC..

winphan

I would stick to BTC/ETH/SOL. Those actually have *low risk tolerance.*

Gigiw1ns

It also explains why they're so angry. There's a fundamental difference between people who have never invested, who have heard of BTC but aren't interested in it, and people who have been watching the chart every day for 10 years.

Gfran856

Wow, good to know if I ever wanted to hack you and find your wallet that you have exactly 4.3737644 BTC

Subject-Wrongdoer812

Posting this as a factual timeline with screenshots, not as an accusation draw your own conclusions. 1. BingX ran a promo giving me a Position Voucher: 200 USDT position value, max 5x leverage, position auto-closes after 24h, no fees, restricted to designated pairs (BTC, ETH, XRP, DOGE, SOL, BNB, GBPAUD, DOWJONES, CADJPY). 2. I used the voucher as intended within the app's own rules opened a position on one of the listed pairs, no manual workaround or exploit, just used the feature the way it was presented. 3. Shortly after, my account got restricted. In-app notice cited "account anomaly" / unusual activity, with trading, bonus claims, new-user rewards, and event participation all blocked. [screenshot 1] 4. Got an email asking to reply with a video of myself holding my ID reading a specific script, to "lift the restriction." This came as a plain email reply request rather than through the in-app verification flow, so I did not respond to it directly. [screenshot 2] 5. Follow-up email confirmed: "earnings obtained through violations have been deducted (including: 16.59 USDT)," and some account functions remained restricted. [screenshot 3] 6. First withdrawal attempt (65.34 USDT) came back "Failed to pass review." [screenshot 4] 7. No open disputes remain I've since submitted an account deletion request.

Citizen_Kano

In 2010 I could buy 10 BTC for less than a Big Mac

Saffuran

If you are a beginner with low risk tolerance either sit in BTC or just sit in ETFs.

Rafellorenzo

With 4.37 BTC, the Lambo is possible long before $1M. The real challenge is not selling it all when Bitcoin hits $100K.

Fauked

Same. I would never show off the house and rental properties I bought, the lambos and ferrari's that I bought, the 1m USD in BTC I still have in my wallet, all the money I have sitting in my mattress at home(s). I would never go on the internet and tell people these things about me. Who would be that stupid am I right??

AlamoSimon

BTC is secure. The physical world is not.

AutoModerator

Post is by: Sad_Experience_2516 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1ve7iqq/btc_is_testing_the_200week_moving_average/ BTC: \~$62.9K 200W MA: \~$63.8K Ratio: 0.99x Bitcoin is currently sitting around its 200-week moving average, one of the most watched long-term indicators in crypto. Historically, major cycle bottoms have formed around this zone. But history doesn’t guarantee repetition. In 2022, BTC spent months below the 200W MA before recovering, so this should be viewed as a zone rather than a perfect bottom signal. The question: Are we seeing long-term accumulation levels again, or is there still one more capitulation event ahead? Bull case: * 200W MA holds * sellers lose momentum * accumulation continues Bear case: * BTC loses this level * support turns into resistance * deeper correction follows Is the 200W MA still one of Bitcoin’s most reliable cycle indicators, or has the market structure changed? UPDATE： A few days later, BTC has moved back above the 200W MA. But after reading the comments here, I think the more interesting question isn’t whether this line “holds.” The sample size is tiny, we’ve only had a handful of meaningful 200W MA tests. So I’m starting to see it more as a zone than a bottom signal. What matters more is whether sellers are actually getting exhausted, and who’s absorbing that supply. This cycle also has a different market structure: spot ETFs, institutional flows, OTC desks, and deeper exchange liquidity weren’t really part of previous tests in the same way. I’ve been looking at the exchange side too. MEXC’s latest PoR showed BTC reserve coverage around 281%, vs. 269% previously. Obviously that doesn’t predict price, but it’s another reason I’m more interested in liquidity and where the actual buying capacity sits than in the MA itself. So the next test seems pretty simple: If BTC retests the 200W MA and holds it from above, the accumulation case gets stronger. If it loses the level again and turns it into resistance, the bear case is still alive. Maybe the 200W MA isn’t the signal. Maybe it’s just the zone where we find out whether real buyers show up. *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.*

unvac

I don't have BTC from early investing; I purchased things with it... you don't see my showing off a balance for attention.

ChristianRauchenwald

I guess his point was, depending on the price tag of this BTC water heater it may be cheaper to buy a regular electric water heater + a separate BTC miner. Obv. in that case, the heat from BTC mining wouldn't heat your water, but if we then pick your "living in a really cold area" example, that could be used to heat the room itself.

unvac

That’s the problem with these people, their ego is shouting for attention. I’ve been a very early investor in BTC, bought my home and farm with it, but I’d never show off my holdings.

newuser34562

But 6 days ago you lost all of your 3.533382 BTC because of Coldcard hack….

Squeiner

Im sure thats true for you and no judgement here man, but we have different likes and interests, values, and priorities.  I like this stuff. I listen to podcasts about it when im in the car. I spend my off time reading about it. Im a nerd. You might say an amateur woodworker is way over complicating his life when he builds his own bookshelf at great cost in money, time and effort, instead of just getting a perfectly good free one from marketplace same-day, there are tons in there. But he likes doing it. His interest wasn't just to own a bookshelf, it was to build one, and to learn as much as possible while doing so. Of course there's an easier way, a prepackaged alternative, and I wouldn't discourage you from choosing that or judge you for it, by all means. But I like doing this. Im interested in doing my own thing, it brings me joy, and learning about it is engaging and entertaining and honestly thrilling much of the time. That's most of the reason im here, writing these long as comments. I love talking about it. I value self reliance. Handing over my money to some bank or brokerage for safekeeping because its easier than doing it myself is not a tradeoff I'm keen to make. I value autonomy. Asking blackrock or whoever to open an account for me and then to do this or that with my assets is odious to me when I can create my own keys and broadcast my own transactions without anyone else being involved at all. I value freedom. I much prefer having the ability to send any amount of my coins to anyone anywhere anytime for any reason than to be constrained in all those aspects by the arbitrary rules of an issuer.  We likely have similar ones, but my priorities include things that you probably don't care much about, though I couldn't say for sure, it just sounds like it. We both likely have wealth accumulation pretty close to the tippy top of our lists of priorities, and exposure to bitcoin's price appreciation is therefore something we both want. Your ETFs and my self custodied coins both serve that priority very effectively. But another item very high on my list of priorities is working towards the separation of money and state, and the transition to a global bitcoin standard. Holding BTC in self custody is how I serve these priorities. Holding an ETF is how you work against them. So again, no judgement to you man, by all means, get your ETFs and enjoy your life. This is how I enjoy mine.

DankShibe

Charts said BTC 150k 2025. And altcoin bull run like 2021. Nothing happened

Kayjagx

Of course blue pill, would buy 1000BTC.

eckstuhc

I wonder if this is going to be any good or just a gimmick idea… like I’m willing to bet $2,000 gets you a poor performance water heater and a slow BTC miner….

Arphinator

My account in Kraken was, 2018. Police was laughing. Kraken was laughing. A few BTC was gone.

quintavious_danilo

True! When the news broke BTC went down \~3% but recovered quickly. Any weakness get bought up immediately because we’re in a bear market and a lot of people have set limit orders in order to catch the bottom. Any bad news- unless it’s a catastrophic black swan event - is simply going to get bought up. I know I did buy some when the news broke.

quintavious_danilo

BTC already sustained losses/hacks in the **multi billions**. A few millions mean nothing.

Quirky-Reveal-1669

Blue pill. And buy >10BTC.

DiamondHandsDarrell

BTC absorbed a ridiculous amount of bad news this year: war, the oil shock, a hawkish Fed, 5%+ long bonds, record ETF outflows, Strategy selling below cost, and massive capital flowing into AI, semiconductors and related infrastructure. Yet it held the range. Now oil is substantially lower, long yields are easing, the dollar is softer, rate hike expectations are coming down, ETF inflows are starting to return, and BTC is still sitting around the mid-$60Ks. That doesn’t mean it’s about to moon, and it’s not investment advice. It just means the “Bitcoin is dead” narrative doesn’t really match what the market has actually absorbed. It survived almost everything that should have crushed it. Now the interesting question is what happens if some of those headwinds finally start turning into tailwinds.

Lavayo

The longer we hold that 64k I think we won't drop THAT far lower (sub 40k). Maybe we see 50k, maybe we wick below it. The last two weeks were absolutely abysmal for BTC but the price held.

Interesting-Cry-3305

I’ve found the same thing once an allocation hits a comfortable level, diversification starts making more sense. I still keep an eye on BTC moves, though, and platforms like BTCC are useful when I want to trade short-term volatility without changing my long-term holdings.

Original-Truck4749

It is also a well known psychological phenomena that people really dont have a good intuition of low probability events occuring. I did statistical modelling of BTC returns over monthly horizons, and the chance of extreme moves happening (lets say +-15% or more in a month) is always underpriced on polymarket. I think it is because most people think that they can get away with collecting a few 90% wins in a row, but underestimate the chance of a big volatility spike that can wipe out many small consequtive gains in a matter of days. No free lunch unfortunately.

EliteTechUniversity

Isn’t that the point of BTC was the lack of any governance from any one country.

Mission_Finding_7038

There've been a few periods like this over the past month, on the weekends. Traders have moved elsewhere and the institutions are off for the weekend. Interest in BTC is currently low, but sellers are already exhausted.

Acolyte_of_Swole

And we all hope for someone to be there to help us when there's a catastrophic event in our lives, which is exactly why people give their money to banks and other financial institutions. Or buy insurance. BTC is by definition barely regulated, not insured, with even the ownership unsure at times. It has no fixed price. No ceiling but also no floor. Its value is weighted purely in fiat conversion at this time. Outside of illegal purchases, there is little one can do with it if you live in a first-world country. The coldcard thing should have been a wake up call to many people. What makes the coldcard thieves "not the real owners"? Bitcoin is not subject to any oversight. When thieves rob a bank, the US Government gets involved because the US government is backing the Dollar. Is Satoshi gonna hire hitmen for me if I lose my BTC?

hodler_privado

Welcome! Reading the white paper first is actually a great start. **1. Wallet:** For mobile, start with **Muun** (very beginner-friendly, on-chain + Lightning) or **Blue Wallet**. No KYC, no account. For long term, a hardware wallet (Jade or Trezor) once you have a meaningful amount. **2. Buying P2P:** **Bisq** is the most private (decentralized, no KYC, desktop app). **Hodl Hodl** is another option. Expect slightly higher premiums than exchanges — that's the price of privacy. **3. Fees:** Wallets themselves don't charge fees. You pay network fees (miners) when you send on-chain — varies by congestion. Lightning transactions are near-zero. **4. What I wish I'd known:** Track your purchases from day one. Even a simple log of date / amount spent / BTC received lets you calculate your real average cost over time — which is the number that actually matters, not what you paid for your first coin. I built a free tool for exactly this: **DCA Bitcoin Pro** (dcabitcoinpro.net) — no account, runs in your browser.

cdeussen

I don’t think it will ever reach 6 figures again. I can make 50% gains monthly, sometimes daily or weekly with SPY futures, so I think investors will move steadily away from BTC. You used to make good money with little risk. Now, there is a real risk of losing money and returns occur over a much longer period. AI is a better investment. Soon another sector will replace AI. BTC had its day and it was great, but it’s over. Kind of like people still holding GameStop thinking it will rocket again. It won’t.

Janezhang1324

I think timing the market is very difficult, especially with crypto because volatility is high. Personally, I would focus more on understanding the technology, the use case, and risk management rather than only looking at price drops. Curious what others think — are you looking at BTC only, or also researching other projects?