BTC

Laurenfc10

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TrueRead1435

yeah, that’s the interesting part stealing the BTC is one thing, but actually cashing out hundreds of BTC without getting flagged is a whole different story.

Just4m4n

Thanks for the publicly available info bud. Now why would you think it's my future? Are you shilling BTC by chance here? :)))))

Music_Fan76

Thank God I sold all of my xrp for BTC in 2017 best choice ever...

Legitimate-Key-3044

I would guess down further. …but I’m around long enough to know not to short BTC

spencerocean

I have the exact same strategy as you. BTC and ETH are long term holds. I don’t flinch no matter where the price goes. All other cryptos are speculative trades that I will happily swing trade

Civil_Store_5310

\* BTC \* Am I a joke to you

crustyrobots

The fact BTC remained fairly static I think shows how much they've fought to keep the price from sinking any further at least. A whole bunch of idiots like Saylor are out there sweating over the very large, debt laden bets they made. There is a number below $65k somewhere that the unraveling will be nuclear

sigh_duck

I would say the only way would have been speed and moving it to defi. Wrap as much BTC as possible then tornado it.

Mattie_Kadlec

Can confirm as I am a seasoned bagholder. The only money I made on alts is during the short bursts when BTC starts pumping

CryptoConnect003

Exactly it’s literally up 10x. People will always think they know better (they own .00007896 BTC @ 101k average).

Laurenfc10

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causefuckkarma

Quantum tech doesn't care about SHA-256—it targets ECDSA. This means Satoshi-era wallets holding over 1 million BTC are completely exposed. A quantum attack wouldn't even need to sell the coins; just moving them would trigger a historic panic, tanking Bitcoin’s price effectively to zero as the network's core security collapses.

Lefties_TheWorst7331

BTC > all ALTcoins Stick to the real deal.

Romanizer

BTC is a long-term play. ETH is questionable as the projects supporting are mainly based on throughput, not store of value. Everything else just exists to wait for a pump and sell, here's where you need inside information for an edge.

Curious_scientist420

Where was the first place selling BTC? Mt gox was the biggest back in the day but was it the first?

-irx

Okay, so 14M dogecoin mined per day is about 1 million dollars per day. Compared to BTC where each day 28M $ is mined. Dogecoin shares mining with LTC, so it's fairly secure chain. But everything rest, yeah it's a shitcoin but not the worst. I would say 99% others are even worse.

SimpleMoonFarmer

A line with BTC dominance over time would do.

MinimalGravitas

Why would you think BTC will survive long term? There are no signs of a solution to the security budget issue, meaning that the network will become more vulnerable to an attacker with every halvening. https://budget.day/ Bitcoin was already in second place in terms of the cost to attack the chain 2 years ago, though I would not be surprised if you weren't aware of that: https://www.bitcoininsider.org/article/241367/how-much-hack-bitcoin-and-ethereum-new-study-reveals-price And entirely separate to that vulnerability in mining is the threat to old wallets from quantum computing... https://quantumai.google/static/site-assets/downloads/cryptocurrency-whitepaper.pdf This is a much more unknown risk as its timescale is dependent on the speed of development of new technology, rather than just the predictable slow decay from halving mining rewards, but experts are clearly concerned. Quantum attacks don't harm the chain itself, but could derive the private keys of crypto in old address. Estimates put the amount of BTC in vulnerable address as about 1/3rd, not just Satoshi's coins but any old addresses from that era, including those that are often referred to as 'lost coins' that owners no longer have access to. There is a proposed solution for this one, but it is to effectively lock old coins https://www.learnbitcoin.com/glossary/bip-361 This is unsurprisingly quite controversial when the one remaining narrative of BTC's use is as a 'store of value', and devs are suggesting taking away access to your assets if you have held them for too long without moving them. Less talked about is the fact that the chain has such a low TPS throughput means that even if everyone in vulnerable addresses wanted to move to more secure keypairs it would take something like 2 years for the network to be able to process that many transactions! So yea, it seems somewhat naieve to think BTC makes sense long term.

DuckFalse2591

BTC is een bedreiging! Na mijn mening willen grote partijen zo veel mogelijk btc bezitten. Is je btc niet veilig is het niet jou btc.

MarioWilson122

Yeah, I still do, but after how bad that last run was, with no altseason and all, it's probably best to stick with just BTC tbh. But I'm sure a good amount of people will still have their small plays they hold for the long term into the next run. That's usually how it was done, with more success for decent picks, until last cycle.

BubblyDeal1920

My target is to have a 5% of my portfolio on BTC

BrokenHefaistos

Don't forget this guy is driven by wallstreet not BTC, he creates an financial instrument that can be integrated in high risk emerging tech funds.

Giatoxiclok

Recent large scale exfiltration of BTC from Cold Card company vaults.

VivaHollanda

No it doesn't, maybe it does for third world countries or countries were banking services haven't caught up with modern times. Cheques - don't use them Mininum spending - don't have it Charged for withdrawing - nope Overdraft fee of $ 25 - nope, only interest, btw you can't overdraft with BTC Overseas transfers - seconds

Ok-Amphibian3164

Layer 3 / FinTech Wrap: This uses traditional centralized banking rails to give Bitcoin spent velocity. It integrates BTC into the economy by turning it into an underlying balance-sheet collateral asset rather than a direct medium of exchange. Layer 2: How Bitcoin scales without a middleman like Coinbase, -----> the Lightning Network. Lightning allows peer-to-peer microtransactions off the main chain with instant finality and sub-cent fees, preserving self-custody while solving the speed issue natively. The end consumer experiences instant transactions, universal acceptance, and zero need for the merchant to understand or directly accept crypto. You don't need every individual Starbucks purchase to settle on the Bitcoin base chain for Bitcoin to be useful in the economy, just as everyday credit card swipes don't trigger immediate physical gold or central bank wire transfers.

DramaticWealth5985

Never ever enter that on an online computer. Go to [bitaddress.org](http://bitaddress.org), disconnect your computer from network (you can as well save that page and open it on an offline computer), enter that probable private key in the wallet details tab. If it is a valid key you'll get the according public BTC address. Save that Bitcoin Address, then reboot your computer. Now you can look up online in a blockchain explorer like [mempool.space](http://mempool.space) if there are funds at that address.

hodler1992

With only $500 I would tbh not bet on major ones like BTC or ETH. Buy Hyperliquid or Solana instead - those both with outperform of that I'm sure. BTC and ETH is safe play but I guess the outcome of both with such small investment would be neglectable.

OilBull

You’re just wrong. Enterprises can and are upgrading their security. BTC can’t migrate without forking which as we’ve seen before, never works. It’s literally a time bomb.

crunchyeyeball

Where did you buy it? When is the "*white paper era*"? E.g.: The white paper was published in October 2008. The genesis block was mined in January 2009. The first bitcoin exchange was likely 2010, as was the first commercial transaction (10,000 BTC for 2 pizzas). I'm afraid we'll need way more details, if anyone's going to be able to help. Do you have some kind of email receipt with a date & seller details?

FlatOutEKG

Okay, first thing is first. Do not reply to anyone in your DMs. Second thing is, when you purchased it, you must have sent it to a wallet. That wallet must have a private key and that is how you can access and move the BTC. Where did you buy from and where did you send it?

palmer_nkr

Alt coins are so damn unpredictable compared to BTC I'd rather settle for some relatively smooth movements than whatever rise or dips that come with them other coins

quintavious_danilo

Reputable open source wallets like Blue Wallets, Blockstream Wallet, Electrum or Sparrow are very good and secure hot BTC-only wallets with no history of serious and continuous breaches.

quintavious_danilo

For BTC-only I recommend Blue Wallet or Blockstream Wallet (former Blockstream Green) as temporary hot wallets. Don’t look anywhere else.

MiaTaude589

Ouch, move any BTC tied to the same seed into a fresh wallet generated on a clean hardware device, and don't reuse that seed anywhere. The receiving address collecting more funds doesn't explain the compromise, but reused seed words, cloud backups, fake wallet apps, or exposed private keys are the first things I'd check. Don't answer DMs offering recovery, because confirmed Bitcoin transactions aren't reversible

Prior_Parsley3960

summary for us lazies and those of us wanting to avoid the cancer causing layout of that website # What happened * Markus Thielen of 10x Research reportedly argued that **$1 million Bitcoin before 2030 is mathematically impossible** because BTC would need to rise from roughly a **$1.3T to \~$20T market cap**. * His argument assumes this requires roughly **$15T+ of actual new capital** entering Bitcoin. * The author argues that assumption is wrong. # How it works **Market cap ≠ money invested.** Market cap is simply: **Bitcoin price × circulating BTC** Prices are determined by the **marginal transactions between buyers and sellers**. If increasingly aggressive buyers encounter few willing sellers, relatively modest buying can push the marginal price substantially higher—repricing *all* Bitcoin for market-cap purposes. So Bitcoin gaining $1 trillion in market cap **does not require $1 trillion of net inflows**. # Why it matters This destroys the **“mathematically impossible because $15T must flow in”** argument. But it does **not** establish that $1M Bitcoin is realistic by 2030. Sustaining a \~$20T valuation would still require extraordinary global demand and willingness to hold BTC at those prices. # Bottom line The article's central distinction is correct: **$1M BTC may be extraordinarily ambitious—but you cannot mathematically rule it out by treating market-cap growth as equivalent to capital inflows.** That is simply **not how market pricing works.**

Profil3r

Excellent advice. Just this morning I got scammed and one of my wallets was drained. The scammer posed as part of a legitimate help thread on Discor - when I clicked through for help had to “reconnect my wallet“ and within 10 minutes, I watched it drain away my BTC. Thankfully, I had switched over some of my coin to two different other wallets about a month ago. I lost a quarter of my stash and I’m still sick about it but to keep your Bitcoin diversified in at least two or three wallets is a terrific idea. Also consider installing Electrum. Apparently, they have a method for interrupting a transaction by charging a higher fee, and there is a potential to get some of the stolen coin returned. Unfortunately my transaction was complete by the time I got it installed. It was recommended by Exodus and I’m gonna keep it installed.

DaLastComeBack_I_Got

BTC isn't free. You gotta pay a spread AND fees to buy. Then, you gotta pay to fees and another spread to transfer and sell. So, BTC does have plenty of "charges" to use. So, yeah, it's not free to use.

Exotic-Note-629

What about tokenized deposits? Crypto technology to represent bank deposits without actually buying BTC

Patrick_Atsushi

The international transit part is quite true. Now I use BTC to send money abroad. 

ptrnyc

I don’t believe there’s any overlap between processing for AI and processing for BTC.

Doogie90

So he wants to turn BTC into fiat. No thanks.

jamesnaranja90

If BTC's hard cap is removed, I would go with Monero.

PeopleNose

He sounds like a bank arguing why BTC hurts their business No thanks lmaoooo

MCL-Jonathan

For a first crypto portfolio, I’d personally make **Bitcoin the clear majority**. I’ve been through multiple cycles, makes perfect sense to have higher Bitcoin allocation, otherwise holding anything else you will round trip. Allocate something like: **70–80% BTC** **10–15% ETH** **5–10% SOL** **0% XRP / SUI for me** Why heavier Bitcoin? Because it has the strongest track record, deepest liquidity, clearest market cycle, and the lowest chance of simply disappearing versus smaller crypto assets. I’d also split BTC into two bags: **1)HODL bag** \- long-term, ideally untouched. **2) Swing bag** \- accumulate during the bear market, take profit near the next major cycle top. For ETH/SOL or any other altcoins, I’d treat them differently: **I would plan to sell most or all near the next Bitcoin cycle top and rotate profits back into BTC or cash.** And with Bitcoin still in a bear-market zone, I’d personally be buying more now through DCA rather than waiting for everything to feel bullish again. Good luck 🍀 [Bitcoin Bear Market DCA Playbook](https://youtu.be/JXvr49ECTuo)

MCL-Jonathan

There’s no magic minimum. There’s also no maximum, and once you start you will find it hard to stop. What matters now is getting started asap**, especially starting now during the bear market and staying consistent, and increasing the amount you put into Bitcoin as your income grows**. $100 probably won’t change your life on its own. But $100 every month for years can become meaningful, especially if you’re buying harder during bear markets rather than chasing pumps. For most people, I’d focus less on “how much is enough?” and more on building toward milestones like **0.01 BTC, 0.1 BTC, then beyond**. [Bitcoin Bear Market DCA Playbook](https://youtu.be/JXvr49ECTuo)

BoxProud4675

My theory, is they hid a lot of their loot during the great migration of BTC following wave 1 and 2. The main pool addresses were just decoys.

Icy_Giraffe_21

Use the lightning network with BTC > L - BTC > BTC > L-BTC

Fabulous-Pineapple47

They can afford to wait, and they can bribe employees at blockchain analysis firms deflag coins/break links. These firms aren't incorruptible (and some could argue that most of them have been corrupted from the start.) If governments can pay for their cooperation, so can a wealthy thief with millions to offer. Compromised employees then have their own incentive to cooperate as deflagging coins helps obfuscate the funds, which benefits anyone holding the stolen BTC. of course there are independant analysis that would still notice or catch it eventually but as long the main sources relied upon for AML by offramps/exchanges it will be easy to cash out reasonable amounts at a time.

PeaceAgitated1978

That's exactly it. You stop caring about what BTC is worth relation to $. You start seeing your net worth in BTC. And yes, you use BTC as money. Spend and replace through exchanges.. but that's just not advantaging for the early adopters.. they found their own edge. And it lies in waiting for the end of the US $ era. Before fully adopting the spend in exchanges way of life.. wait for the increase of value to stabilize for BTC.. when BTC will be mostly flat, it will be used as money. Volatility will evaporate eventually.. adoption.. slow but steady.. less people wanting to sell is actually stabilizing prices and it's a good thing for adoption. 🤷

Blade_Runner_69

Why is it always people with 1 or 2 posts ever and low karma that suddenly have their BTC taken in a cryptic manner? 🤔

ZucchiniIntrepid719

To the BTC is dead: I suppose that is why it has the largest market cap of all crypto?

TheBestintheWest11

the money will be mixed countless times over and over and sent through multiple wallets. This will keep going for a while to make it hard to trace. These eguys probably won't be cashing out via crypto but most likely in platforms that offer sports betting like Robinhood and polymarket. This acts like washing money. The BTC stolen will be allocated in new ventures to wash the money as well. Cashing out btc would be to hot.

Gears6

> a) I just wonder if the short term incentives and consequences for the decision makers didn't really align with the greater good. I don't invest into banks, as I think they're generally a slow growth business that is hard to make money off unless you're Warren Buffett. That said, in general any business that are quarter to quarter and aiming short term, I avoid like the plague when buying stocks. I don't need quarter to quarter improvements, and business is naturally choppy. They should be doing things for the long term benefit of the company and shareholders, rather their own self interest first and foremost. Their interest should align with shareholders. > b) Think that insurance is up to $100k which is nothing in terms of any business and even individuals with some cash saved. I think the government back stopped the rest. Either with tax money or by just printing more, which dilutes the supply and decreases the value of each dollar. So I think everyone pays either way. They collectively pay a certain percentage of your deposits. It's obviously a small amount of the total amount, but ultimately it is a cost that matters, eat into their profits and is at the present time sufficient to cover it as it's so rare. If it was a real problem, I'm sure they'd raise the cost or crack down. That said, I'm not a specialist and maybe others can fill more in. > c) From what I understand, payments has been overrun by middlemen taking pieces of the pie. Payment gateways, PSPs, payment processors, card networks, acquirers, issues etc. With crypto you can send money and the only middleman is the miners. So even with regulation, it doesn't necessarily mold to the current payment system. Sure, but it doesn't change the fact that it's basically free for me to send money via ACH. If you're talking about credit cards (which it sounds like it since you're talking about the payment process, card networks, etc), the cost is overall pretty small, and ultimately it provides card holder protections. The sort of thing that is problematic with crypto if something goes wrong. After all, none of those things exist with crypto. It's once, sent, it's done deal. Even the government cannot compel you to transfer it back (albeit surely not without repercussions). It's not like they can go to a bank and say, hold their assets. So it's a double edged sword. > d) Bank runs happen because banks are allowed to lend out more than their deposits. They only need to have a small fraction of deposits. And a ton is handed out as loans to other people. So when the depositors come to withdraw in bulk, the bank can't meet the demand. Regulated crypto markets don't have that problem (at least in the markets I've worked in). Assets need to be held 1:1. When it's allowed to be lent out, it has to be spelt out in black and white to customers and the customer must opt in. Also self custody means that it can't be lent out. Of course that comes with other risks. Without crypto being lent out, it's not possible to have a bank run in BTC unless the exchange is breaking the law. Bank runs can happen in fiat when banks are following the law. Sure, but the issue is that the value of BTC goes down and the cost of withdrawal goes up. So you might get something out, but how much and what will it truly be worth? Also, what happens if quantum computer breaks crypto? That mathematical guarantee no longer holds, and do you think anyone will pay you for that crypto if that were to happen? In other words, it's not really "bank run" that the "system" runs out of money, but instead your crypto money is worth essentially nil. Ultimately it's basically the same to the end user. At least with the bank going under, the government backs it up. Nobody insures crypto and there's no mechanism for the government to stop the withdrawal or whatever is going on. > When it's allowed to be lent out, it has to be spelt out in black and white to customers and the customer must opt in. Also self custody means that it can't be lent out. Of course that comes with other risks. Without crypto being lent out, it's not possible to have a bank run in BTC unless the exchange is breaking the law. Bank runs can happen in fiat when banks are following the law. Yes, but let's say you're staking to earn interest, there's a real risk your crypto could be lost. It's the very nature and intent of the system that risk is real and it's by design. It's next to impossible for you to loose money you deposit at a bank and get interest, because it's backed by the government. If you say, well I just won't stake it. Well, then you don't earn interest If you lend it, you incur direct risk from whoever is loaning that money..... > Think there's a lot that we agree on. You raised some good points. Especially the shareholder value for reckless banks. That's a decent consequence that I hadn't considered. Like you, I'm also learning and understanding so it's always good to have discussions. Some times my thoughts are wrong or didn't account for somethings so the more we talk about it, explain it, read each other responses, the better the ideas become. So thank you for having the discussion with an open mind and sharing thoughts!

DontLook_Weirdo

It's bad but it's more of a "get to work or else". Folks, Coinbase is thinking we got 3yrs before coins and their dev team are required to make them quantum resistent, per the article...it's time to really look at your bags and understand memes will be wiped out, alt coins should be stressing it and rushing to make things resistent, while the big boys like btc should remain untouched. Quantum computing can be a threat to keys, not BTC necessarily, and exchanges like Coinbase are getting ready for migration. We're headed towards The Great Crypto Wipe

JimmySki6166

33% of my portfolio and I purchase 1k every week and have been doing so for years!! BTC is the best asset you can purchase in my opt!!

VanillaLeft4792

Yeah, agreed. Laws should probably be updated in both crypto and fiat. a) I stand to be corrected but I think the bankers that created the problem walked away many times i.e. Not having to pay back bonuses and no jail time. Good point on investors though. I just wonder if the short term incentives and consequences for the decision makers didn't really align with the greater good. b) Think that insurance is up to $100k which is nothing in terms of any business and even individuals with some cash saved. I think the government back stopped the rest. Either with tax money or by just printing more, which dilutes the supply and decreases the value of each dollar. So I think everyone pays either way. c) From what I understand, payments has been overrun by middlemen taking pieces of the pie. Payment gateways, PSPs, payment processors, card networks, acquirers, issues etc. With crypto you can send money and the only middleman is the miners. So even with regulation, it doesn't necessarily mold to the current payment system. d) Bank runs happen because banks are allowed to lend out more than their deposits. They only need to have a small fraction of deposits. And a ton is handed out as loans to other people. So when the depositors come to withdraw in bulk, the bank can't meet the demand. Regulated crypto markets don't have that problem (at least in the markets I've worked in). Assets need to be held 1:1. When it's allowed to be lent out, it has to be spelt out in black and white to customers and the customer must opt in. Also self custody means that it can't be lent out. Of course that comes with other risks. Without crypto being lent out, it's not possible to have a bank run in BTC unless the exchange is breaking the law. Bank runs can happen in fiat when banks are following the law. Quantum is a bit scary but it's also scary for all cryptography (including banking and all online finance and secret data - so I think there will be big hits in both tradfi and crypto when quantum gets to a sufficient level. That's a future problem for crypto and the whole world. Think there's a lot that we agree on. You raised some good points. Especially the shareholder value for reckless banks. That's a decent consequence that I hadn't considered.

LazyTech8315

I'm with you. I can easily verify that the PDF isn't trying to make a deterministic result look random. I'm currently more comfortable with a binary conversion from an 8 die roll per word, so I'll likely go that route. I've been around long enough to have purchased Bitcoin at $14, but I still have plenty to learn and the last thing I want is to make a mistake when generating a seed. Speaking of mistake, why didn't I just buy 100 BTC back then and HODL? ¯\_(ツ)_/¯

opossum_cz

Dividing BTC doesn't create any new value.

JimmySki6166

Invest in BTC monthly, you won’t regret it!! I’ve been doing so for years. Greatest asset you can purchase!!

GoldmezAddams

Idk how many times we need to see BTC yield products blow up before we learn our lesson.

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Gears6

>Yeah, I think we can all agree that self custody needs to be made easier and safer. I'm also not sure that the government stepping in and saving irresponsible banks is the best long term strategy. It's not the customers' fault so it feels right to protect them. But it's every tax pay that jumps in to fix the banks' mistake. And the people that caused the problem walk away without consequences. Then we should change the law and make effort to prosecute them. That said, there's a few things to consider here: a) Usually the investors loose money and the people that walk away, is the people that didn't have skin in the game. So the problem is often the employees trying to get their short term bonuses. Just ask yourself, if I told you, I'd risk your $10 to gain $1 tomorrow so that I can get that bonus of $0.50, would you accept? b) The banks pay into an insurance that is suppose to help with situations like that. It's not necessarily tax payers money. It's a cost of doing business by the bank. c) The very thing of audits and such is often the result of legislation and regulation. The very thing, crypto is trying to avoid. Once they become that, they've effectively become the traditional banks. With that said, even with audits, it doesn't prevent these issues like in 2008. Of course it also depends on what you mean by "audits", because banks do audits every night of their transactions. d) Imagine a "BTC" run. There's no mechanism to stop that, or revert it. There's nothing guaranteeing it. You could say, well that's unlikely, but just because we haven't seen it, doesn't mean it won't happen. Let alone other risks like Quantum computing and so on. Ultimately, I believe it's not the human "intent" that drives it. Regardless of the system we put in place. Any way we try to "fix" it, gets us closer to what we have now. It's not like bank transactions aren't technically auditable. We don't need a publicly available blockchain managed in a decentralized way to do any of that. You could argue, well any new production of "coins" is well known since it's public and that it's kind of a universal currency (that it can be). That said, nothing prevents fiat to be the same. > And I don't think the government is necessarily doing the best they could in either crypto or the tradfi world. They're definitely not, and the current administration is corrupt as F so anything they'd do is not for the greater good, but for their good.....

Suitable-Fishing1643

BTC is infinitely divisible

themindspeaks

The use case is it’s got value; you can move it from point a to point b, and there’s a large liquidity pool for Btc to usd and other fiat currencies. The fine folks over at Cash App and Block have been rolling out Square terminal and merchants that accept BTC. They can be located in Cash App BTC map. You can spend BTC over lightning at those locations. Or you can just hold it

youngWuuf

I would agree but most people are saying what you are saying, so the bottom is prob not already in, BTC also looks weak AF

ForeverInYourFavor

How's the value store component going? > as with any money, the adoption timeline is first people using it as a store of value Is it? Says who? I thought money evolved as a better way to facilitate trade. Being able to buy things rapidly is perhaps the #1 feature a currency needs in today's world. Cryptocurrency in general had promise. Perhaps has. But the environmental damage caused by mining is unforgiveable, and BTC is never going to reach mass adoption. Funny thing is that 7 years ago I could buy my lunch in London with ETH. Now no-one outside of a niche even knows what it is. Crypto is a sinking ship. I don't see any comeback from here.

RealAndroid_18

My point was to say that we also have to pay fees to move our money around using BTC and crypto. You are trying to devalue my comment due to a mistake that does not change the objective at all (we pay fees with btc) Don't be that stupid bro. [This is literally you right now](https://www.google.com/url?sa=t&source=web&rct=j&url=https%3A%2F%2Fwww.reddit.com%2Fr%2Fmemes%2Fcomments%2F185y6ho%2Fif_anyone_calls_out_my_spelling_then_you_know%2F&ved=0CBYQjRxqFwoTCOj_34PVqJYDFQAAAAAdAAAAABA7&opi=89978449)

_RonPaulWasRight_

This part: " 3.507M BTC (16.7%) - estimated lost BTC" This is completely an estimate, we don't know if it's even remotely close. News often comes out about very old wallets coming to life and moving their BTC. Which means this entire analysis is kind of pointless.

cuteman

>https://www.milo.io/mortgage-comparison/ Shady AF incorporating the appreciation in BTC value to sidestep the fact that the BTC interest rate is HIGHER nevermind the total interest cost is almost double and the math totally falls apart if BTC does anything but go up (which as we know has been the opposite lately)

ForeverInYourFavor

Some of this is true, some of it is verging on conspiracy theory, but BTC isn't the answer. I can't even buy a coffee with it.

be_easy_1602

BTC is a liquidity sink. Historically, there are periods of monetary expansion and contraction. BTC will most likely pump to ATH’s again within the next 5-10 years as the business cycle contracts and re-expands. BTC will always be a speculative instrument as long as the network remains functionally relevant. People are greedy, and want to be in on a run up.

Bronze_Rager

Nah its not, because nothing is tied to btc. BTC is tied to everything else. You can't use btc for anything other than exchanging it for USD/Euro, gold, pokemon cards, food, or whatever. Nothing is backing btc like the government backing their currencies. btc is a non productive asset.

BirthdayAny35

Los que compraron a 120,000 por BTC ya pueden vender

MinimalGravitas

There are plenty of legitimate ways to donate to public goods onchain, but I don't think any memecoins would be included in the list. Gitcoin, Giveth and Octant are all platforms I've used in the past and continue to trust. They all work in different ways and are worth learning about from a perspective of interesting tech solutions to democratizing funding what matters, even if you don't plan on using them yourself. I don't really see why making a charitable donation through part of the fees for a memecoin makes sense, compared with just donating all that you want to give, it seems unnecessarily convoluted, and there is clearly a risk of the creator just keeping everything. Lots of people in crypto are pretty generous. Gitcoin alone has had 5 million donations, from 270,000 people through its quadratic funding rounds, totalling over $60 million. Crypto users also donated a pretty huge amount to Ukraine when Russia invaded, about $29M in ETH, almost $23M in BTC, and roughly $12M in USDT, though that was mostly direct donations rather than through any particular smart-contract platform.

RealAndroid_18

Yes, because BTC has no fees, right? LMAO Just because I called it gas fees doesn't mean that there are no fees... gas fees, transaction fees, btc fees, whatever... They do exist, right?

Gears6

> However, the transparency and decentralization nature of BTC is something modern banks will never offer. Yeah, but that centralized nature is also how it protects you as a consumer. Just look at what happened with Coldcard.

LuckySage77

Steak'n'Shake is the only burger joint that _actually_ accepts Bitcoin. This amount of BTC actually would get you a couple cheeseburgers... lol

KKevinjad

I’d be careful with yield products where you’re giving up custody. There are also newer approaches like TBVs being developed that are worth keeping an eye on if you want more BTC utility without relying on a centralized yield platform...

Xxshark888xX

Then that makes sense. In Europe we have a lot of great banks (I personally use ING) with top-notch banking apps. Instant transfers 24/7 even between different banks (thanks to a standardized protocol which I don't remember how's called), so I never felt that BTC could (at least in its current form) take over as a daily payment system. However, the transparency and decentralization nature of BTC is something modern banks will never offer.

PureCod9290

Death doesn't necessarily mean quick death. Look at the returns of any coin past 5 years. Very few winners, ETH down bad and BTC losing to inflation. It's ridiculous to think some use case is gonna emerge 15 years later. It's all just speculation that requires someone else paying more later. It's a house of cards

Gears6

I imagine that is in countries with unstable government, corruption and lack of infrastructure. I know we're in a BTC sub, but let's face it, the banking system has it's problems, but it has also been regulated and put through it's paces to solve many human errors and issues.

MinnesotaNiceTry

I mean yes, however interchange rates charge both a variable and fixed rate on each transaction. Then the card processors pile on. For example, Stripe is 2.7%+5c per transaction for card present. With BTC, as you send more, you pay less (in theory). Currently as you spend 10x your fee is 1/10.

Gears6

> Yea that stood out to me too. Paying to use a system is inevitable. At least Bitcoin fees go to the parties securing the system and programmatically determined rather than some arbitrary value funding some Executives vacation but if I pay, it's typically less than the gas fees I pay with BTC, and if there are issues I have someone I can go to. Often someone else also looked at it. I can't do that with BTC.

Cheap-Nail9326

J ai commencé a m intéresser a la finance avec le BTC. Comme dit plus haut, documentez vous sur le sujet qui est très intéressant! Regardez plusieurs articles (pour et contre le btc). Apres vous pourrez voir si ca vous intéresse…

Gears6

> Why we pay gas fees for transactions? Why you have to pay YOUR BTC to transfer YOUR BTC to YOUR ACCOUNT? Yes, and with fiat, you'd transfer for free with ACH.

scrandlle

BTC is in a weird spot. It's a speculative investment but has zero intrinsic or utilitarian value. It only has value based on popularity of speculative investment into it. Which is different than fiat, commodities, stocks, bonds and precious metals. The original vision of BTC as a decentralized currency was doomed from the start. Transactions take waaaaaaay too long and it costs too much money to make them. And even if it ever did become an actual currency, it'd have to become way more regulated and centralized which would defeat the purpose of it. So we are left with BTCs value being in the bet that people will want to continue to speculate into it into eternity. This is an extremely poor bet to make long term because BTC will die at some point. Doesn't mean you can't make money on it the next couple decades though.

Antonio_928s4

I already have .06 BTC. I’m not buying more dips. I’m waiting for Bitcoin to reach $100K to sell it all. I’m switching to QQQ, SPY & VTI instead.

Zealous03

Why don’t people just put their BTC on a USB and put it in a safety deposit box at a bank?

Traditional_Most105

In every bear period people said crypto is dead because of different reasons. What if BTC strengthening, new regulations that make scam coins fall, and a few of the top 50 alts fight for ETH position and prove to be useful? But then again it's just speculation. 15+ years and crypto still being around with people still investing in bear markets then it means there's speculation. And maybe there might be future usage also that we don't know. Or there might be another new technology in the future that replaces crypto. So again it's just speculation. So the point is nobody knows what will happen but what i see is that there's speculation. Cycles might take longer now, or even broken and something else will start happening. So in the end if you believe crypto is dead, it is dead, if not then you believe you could make profit and that's why you speculate and throw money in it... The whole post is just speculation so you can't actually prove crypto is dead as people in past bear periods couldn't prove it either... you can only prove to yourself that crypto is dead and not worth throwing your money in for a possible profit.

shaunj72143

Imagine Chuck near a BTC mine 🤯

sylsau

Someone just declared **Bitcoin at $1 million “mathematically impossible.”** The argument sounds devastating: **Bitcoin at $1M ≈ $20 trillion market cap.** Therefore, Bitcoin supposedly needs roughly **$15 trillion of new money** to get there. Except… **That’s not how markets work.** A $15T increase in market cap does **not** require $15T of cash inflows. Market cap is: **Price × Supply.** And price is determined by the **marginal Bitcoin being sold**. If available supply becomes scarce while demand accelerates, a relatively small amount of new capital can reprice the entire network dramatically higher. That’s why: → Market cap ≠ money invested → Liquidity matters more than headline supply → Dormant BTC doesn’t need to be “bought again” → ETF flows can move a trillion-dollar asset with comparatively tiny capital → A supply squeeze can create enormous nonlinear price moves **Does that mean Bitcoin WILL hit $1M by 2030?** No. It would require an extraordinary transformation in global adoption, liquidity, institutional allocation, and monetary conditions. But **“unlikely” and “mathematically impossible” are two very different claims.** Bitcoin at $1M isn't really a $15 trillion cash problem. It’s a **liquidity problem.** And if buyers ever discover that there are far fewer willing sellers than they expected… the market will do the math for us.

sylsau

Someone just declared **Bitcoin at $1 million “mathematically impossible.”** The argument sounds devastating: **Bitcoin at $1M ≈ $20 trillion market cap.** Therefore, Bitcoin supposedly needs roughly **$15 trillion of new money** to get there. Except… **That’s not how markets work.** A $15T increase in market cap does **not** require $15T of cash inflows. Market cap is: **Price × Supply.** And price is determined by the **marginal Bitcoin being sold**. If available supply becomes scarce while demand accelerates, a relatively small amount of new capital can reprice the entire network dramatically higher. That’s why: → Market cap ≠ money invested → Liquidity matters more than headline supply → Dormant BTC doesn’t need to be “bought again” → ETF flows can move a trillion-dollar asset with comparatively tiny capital → A supply squeeze can create enormous nonlinear price moves **Does that mean Bitcoin WILL hit $1M by 2030?** No. It would require an extraordinary transformation in global adoption, liquidity, institutional allocation, and monetary conditions. But **“unlikely” and “mathematically impossible” are two very different claims.** Bitcoin at $1M isn't really a $15 trillion cash problem. It’s a **liquidity problem.** And if buyers ever discover that there are far fewer willing sellers than they expected… the market will do the math for us.

Objective_Young_1384

Ironically, not much for BTC lol one little rally and it reverses easily

PureCod9290

Crypto is dead. Liquidity is concentrating in BTC as the last man standing. The latest "cycle" has showed meagre returns. 15+ years and the only real "use case" is crime or theft. If there's no utility there's only speculation and if there's less interest there is less capital...

Useful_Calendar_6274

It doesn't work for payments, takes too long. Idk if BTC cash is a real solution, is it a fork or a protocol on top? I don't even care I just know it takes too long. Without a country legalizing it and making people sign contracts that both parts will deliver it can't be used as a currency.

TheresNoSecondBest

>Why aren't satoshi's early mining efforts considered "premining? Permining is when a scammer, let's call him Vitalik, for example, creates 72,009,995 ETH in the Genesis block, before letting anyone else to compete with their hashrate. >Presumably He mined most of the first million BTC unopposed That's not true. I believe Dustin mentioned [in this podcast](https://stephanlivera.com/episode/314/) how the first node (possibly Satoshi) was waiting for another node before it started mining. And even if Satoshi wouldn't wait, there still was competition from other users. Half I believe tweeted his legendary" Running Bitcoin" about a week since the network started. So have many others. Some turned the mining off, some believed in the network or wanted to support it and kept mining. One way or another, Satoshi was competing with other users/miners, burning his energy that was more costly than the mined coins generated.

GesturalAbstraction

You seem to be new to crypto. Crypto is currently in a winter cycle, which is why token value is low. Crypto has 4.5 year cycles that coincide with BTC’s halving events. The last halving event was about two years ago, and the major run up for the crypto space usually takes place about a year afterward (last year). Following that year is a “crypto winter” which is what we’re in the middle of right now - everything slumps. If you’re smart this is a great time to start accumulating for the next bull cycle (probably about 2-3 more years). Alt coins are doing terribly and may not meaningfully recover. However BTC and ETH are still relevant - BTC as a long time store of value with programmed scarcity, and ETH network being quietly used to build the infrastructure layer for RWT. Good luck and have fun

404eol

BTC has 1.29 T market cap and is the 12th biggest asset on this world. Are you irrational or is the market irrational?

scrandlle

Wall Street could exert plenty of pressure on BTC if it decided to. It just doesn't care enough.