BTC

almo2001

If you bought BTC, and lost 3% immediately and you post about it on Reddit... you clearly didn't do any research into BTC before buying it.

CleanBaldy

When 1 BTC was worth $150, I decided I'd take HALF of all of my BTC and try investing with altcoins! I mean, what could go wrong? (I lost all of that BTC to pump and dumps, having no clue what I was doing)

TheAfterPipe

Wait so any BTC i hold longer than 12 months is LTCG?

joefunk76

It’s a big boys’ game now, and the big boys do not voluntarily hand over to retail investors the kinds of returns that bitcoin has had for most of its history. YouTubers with their “retire off 0.25BTC” videos and what not have done retail investors no favors. You’re not retiring *anywhere* off 6 months of a minimum wage salary. Bitcoin will keep its OGs rich, and perhaps provide modest appreciation for rich latecomers and not-that-rich others who managed to snag a vaguely meaningful amount when the price was a lot lower. If you’re someone of modest means who wants to see a windfall off a modest investment, that may still be possible, but it’s going to take a *fuck ton* more time than you want it to. The question then becomes, what multiple do you need to get rich? Assuming you’re not already rich, you probably need at least a 5x if not 10x. Well, a 5x will probably take at least 5 years. 10x? Closing in on a decade. Need 20x or 30x? Multiple decades. To the extent anyone got in big and realized a windfall in a couple of years, those days are long gone. Sober up. Big money has entered the chat, and while you might be early in the very long-term grand scheme of this experiment, you’re definitely not early in the short-to-medium term. If you’re young and not that rich, buy some and count on having to hold it for a decade or two for it to become worth anything meaningful. If you’re old and not that rich, buy some for your children and/or grandchildren. If you’re rich and don’t already own any, buy a meaningful amount (e.g. >1%) as a hedge against the rest of your fiat-based assets. Whichever of those you are, though, it’s a “set it and forget it” kind of investment. The market is not, within a short time frame, going to make you happy you bought it. That is kind of how it goes - and how it’s always went - with this particular asset. If that isn’t amenable to you, then bitcoin is not the right investment for you.

papatoshi

Use https://lava.xyz to get a USDC loan against your BTC, no tax hit

stellarfirefly

Did no one not mention BTC's volatility to you?

PoisonWaffle3

This is an interesting and potentially useful idea, but has anyone done the math to figure out ROI, break even time-frames, etc? Are we better off just buying $900 of BTC?

injectionsiteredness

River is a pretty standard and legitimate exchange. You probably triggered some esoteric finCIN flag. Financial institutions won’t tell you what you did that was wrong. 99% certain you will get your money back after some set amount of time. Something like this happened to me when I first started looking for an exchange. In my case it was Swan that locked my account and made me wait 30 or 60 days ( I can’t remember) before I could withdraw my BTC. It just happens to some people, and it’s not fair, but you’ll find an exchange that works for you.

forsenbois21

Solana destroyed the crypto community, BTC maximilist were right.

dislot_1015

Still bullish on BTC.

Consistent-Stage-217

If I was to drop $$ for a full BTC I would do it over 4-8 months.

Unlucky-Chicken2515

Absolutely not, BTC to zero 😂

Otherwise_Sun_912

So when it crashes another 50 percent before end of the year , tap your self on the back. Keep your BTC, I’ll keep my future.

IamNOTtheFBEye

I would have tried to minimize the tax loss on my BTC sales. Unfortunately, I dropped my seed phrase out of an airplane over the Pacific and have not been able to access my BTC since :( I just hope some lucky fisherman caught it

OdonsOwn1966

Welcome to the club, I am not even at . 1 BTC and days like this just mean that my $10 daily purchase gets me a fraction more :)

powerguy134

The cool thing is the amount of BTC you have doesn’t change regardless of the price. Sometimes your $200 a week gets you a lot of Bitcoin sometimes only a little.

EarningsPal

Continua escolhendo e compra ALT + BTC todas vezes.

Business_Fox_1975

He literally bought 4$ of BTC lol

InchWorm616

fuck, bro. Save some BTC for the rest of us. I don't get paid until tomorrow!!

nsbhq

Everything bleeds to bitcoin, even the BTC ETFs/Treasuries will eventually bleed to btc.

EarningsPal

The 2017-2020 buyers that borrow from their BTC are still smugly silent at thanksgiving. Especially the ones that live overseas now. Let the doubters doubt. You already lived 10 years doing whatever you wanted without a worry. Even if BTC crashes now, you still got 10 younger years of fun and no stress.

Otherwise_Sun_912

When will you people finally just give it up?! What do you really think BTC means

Aggravating-Map-293

I'm the uncle pushing BTC.

thisMatrix_isReal

OP just crashed the whole crypto not just BTC. anyway: adding more

jmorais00

You bought an entire BTC at once? DCA my dude Also, -3% is a walk in the park. HODL

Conscious-Pizza5469

Alts are basically BTC with the volume turned up. It drops a little, they drop double, it pumps and they barely move. BTC dominance has been stuck around 58-60% for most of the year and the altseason index hasn't gone anywhere near 75. I'm mostly BTC and ETH now, the rest isn't worth the stress.

Delicious-Dog-3809

Nope, Trump is about to lose the senate, dems will take over, wars will end, oil will go down, everything will send hard BTC 40k end of this year is really really really bad market analysis im ngl send me more of your calls ill counter trade them

Successful_Taro8587

That's BTC initiation! And get use to it because it always goes down right when you buy 🫠

Sherako4

I remember when I used to buy a small amount of BTC through cash app. It spikes the price up like 3% momentarily, plus it's "spread" and fees. It'll even say you bought it at a way higher price than it even was for the entire week 😭

Twist--Oliver

Interesting historical parallel at least for gold: the London Gold Pool (1961–1968). Eight Western central banks coordinated gold sales to keep its price at $35/oz and support the Bretton Woods system. It collapsed in March 1968 under sustained market pressure. Now imagine a Bitcoin equivalent: central banks accumulating BTC, then eventually coordinating sales to manage its price and protect the existing monetary order.

Miserable_Yard_7000

BTC is trash. Biggest scam of our generation

therealalphacode

You will loose even more BTC will go 40K until end of the year

hpaynecrypto

Disclosure, I am a Casa employee, so I'm biased, but will give you my genuine thoughts. TLDR: I think it's a great pick for multisig (more on this below), and I'd put our security team (Jameson Lopp is our co-founder and CSO) up against anyone in the Bitcoin space. I particularly think that the private aspect of it is commendable and one of the more underrated reasons to use Casa. The main thing to figure out when evaluating Casa (or any multisig provider really), is how much help you need. In Casa, that comes down to comparing Standard vs Premium membership plans. Standard is more DIY, and Premium gets you more keys, hardware mailed to you, and our team walking you through setup (and ongoing check-ins, video verification calls, etc etc). I wrote this a bit back that breaks down the difference between Standard and Premium: [https://blog.casa.io/standard-vs-premium/](https://blog.casa.io/standard-vs-premium/) The biggest selling point for me (before I was hired to work at Casa) was their privacy policy. In the era of data breaches becoming much more common, the LAST place I wanted to work at was a place that was a honeypot of data on sovereign individuals; that just sounds like a nightmare waiting to happen. You can sign up w/ no KYC and pay in BTC (something I do as an employee), and pairing that w/ a burner Proton email keeps your PII way more locked down than most services. Happy to answer any other questions you might have.

Professional-Ad2656

If you just bought BTC you are helping the smart money get out of this worthless investment at a nice profit. Keep buying, it will all be great.

CorgiDad

Monero is up 2x against BTC this year. Maybe y'all should pick some better coins.

Alt123Acct

🚨🚨 BITCOIN HAS COLLAPSED. FINANCIAL SYSTEM IN JEOPARDY. 🚨🚨     Bitcoin just dropped $3. THAT’S A WHOLE 0.003% OR WHATEVER.     THE CHART IS RED. THE VIBES ARE WORSE. 🚨     SELL YOUR HOUSE. SELL YOUR CAR. SELL YOUR CLOTHES.     SELL YOUR WIFE. (She’s probably already in a 100x leveraged short.)     The institutional investors are panicking. Whales are crying. Satoshi has been spotted updating his résumé on LinkedIn.     My $47 portfolio is down $0.14. I WILL NEVER RECOVER FROM THIS.     🚨 EMERGENCY FED MEETING AT WENDY’S PARKING LOT IN 10 MINUTES.     If BTC drops another $2, we’re reverting to a barter economy. Start stockpiling canned beans and USB-C cables.     IT WAS AN HONOR LOSING MONEY WITH YOU ALL. 🫡📉     #Bitcoin #BTC #CryptoCrash #HODL #WeAreSoBack

Return-of-Trademark

No you have to buy BTC ETFs.

purple_chocolatee

1. volatile asset 2. buy/sell spread on BTC --> You will almost always lose money when you buy

TheReveling

Whoa save some BTC for the rest of us

JuxtaposeLife

Fair question. Each row is what's left after that filter, not what gets subtracted: - 279,433 unspent 1+ BTC outputs from the last year - minus 438 miner payouts = 278,995 - minus 45,619 consolidations (10+ inputs) and change = 233,376 - keep only addresses that got 1-3 of these (drops 31,171 going to busy addresses, mostly exchanges and services) = 202,205 So the last row is the strictest cut, not a sum.

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BlazingPalm

Kind of. This is the classic case for self custody. I like Swan BTC’s ethos: they actively encourage you to self custody and not treat their exchange like a wallet. But yeah, keys and coins and such- scrutinize everything. Just because it has a nonthreatening domain like blockchain.com or crypto.com doesn’t mean it’s not a threat to your funds.

BigTroutOnly

The world buys BTC

AItrainsoffme

Wholly mama. In general there is only one pool of liquidity, it follows the path of least resistance and in effect it is used to collect liquidity to use when alt coin season is ripe. Works like this. BTC is used to attract stuck (in alt coins) and new liquidity. Which means BTC marketing shakes out bagholder liquidity from alts and atteacts outside new money to prop up and pump btc price. Once this process is exhausted then they use all of this collected liquidity to pump alts. Don’t go against the stream. But if you’re stuck in an alt bagholding. Sit tight its turn will come but watching btc pump is very emotionally difficult while stuck bagholding some random shitcoin.

OfficialHIVE

u/slortpoittom Absolutely! The foundation has donation addresses. Please find two QR codes for BTC and Lightning donations added above in the thread as Reddit does not allow attachments in comments.

SiennaBreeze1

Multi-sig is one of those Bitcoin features that sounds complicated until you realize what problem it actually solves: you don’t have to trust a single private key with everything. For serious holdings, that change in the security model is huge. The interesting part is that multi-sig doesn’t eliminate risk — it changes where the risk lives. Now you have to think about key distribution, backups, recovery and what happens if one signer disappears. Security is rarely about finding a perfect solution; it’s about removing the easiest way to lose everything. How many people here actually use multi-sig for their BTC?

daily-trader-365

Yes sell and move to BTC

TonUpRockerBoy

Banking scaled over time to what it is today. That said, simplified it’s the managing of debits and credits. Could you do the scale of what exists today by hand? No. But that wasn’t the debate. The comment was about if electricity went away. If that happened banks would change their operations but continue to exist in some capacity. To simply change the cryptography standards of BTC as you propose would require a hard fork, nodes would have to adopt new consensus rules, and existing ASIC miners might become useless. Bitcoin’s security model relies on making block solving computationally expensive so doing that would also reduce BTC security. So sure you could choose a simpler cryptography algorithm and make it easier. But good luck doing that without electricity and by hand. If you don’t have a small home miner, it’s worth checking out for learning. You can also set up a BTC node if you have an ssd with \~700gb of space. These are great ways to participate in the blockchain process and get some hands on knowledge.

PM_ME_YOUR_TROUT

Can Schwab hold your BTC like any other exchange?

jonstern

Whatever platform you buy from. Make sure you can withdrawl the BTC to your own personal wallet. Some platforms hold it for you and wont let you withdraw as BTC. NO WAY. Not your private keys, not your bitcoin.

gerrfalcon

Certain jurisdictions accept Bitcoin or are contemplating accepting BTC for taxes, so taxes doesn’t hold that argument, tbf

headphase

Those are hardly unique to Bitcoin- cash enables those behaviors too. BTC is uniquely able to transfer value across boundaries that are normally under the thumb of overbearing governments and corporate monopolies. Immigrants sending remittances to family back home is one of the biggest examples of this.

Such-Application5487

BTC at $81K now . That $83K breakout feels like a different story. Is this just a healthy pullback before the next leg up or are we heading lower? 🚀

mrpotatonutz

Maybe one day we won’t have out of touch elderly people representing special interests instead of the people. Why you care so much Liz? Who is bending your ear to regulate free enterprise? Big banks and finance? They want us kept as debt slaves BTC scared the establishment

Numerous_Big_3680

Because by 2030 that 1 BTC is probably worth way more than now, supply is getting small and demand keeps going up simple math

CompetitionDouble420

Manually entered a receiving address instead of just copy/pasting; had a dyslexic moment and swapped 2 characters incorrectly... Sent $200 worth of BTC to oblivion (or some very lucky, unsuspecting recipient). Happened in 2017-2018 🙃 Copy/paste your addresses folks, and double/triple check them!

BigVermicelli2757

Honestly the boring advice is the right one: only put in what you'd be fine losing, stick to BTC/ETH while you learn, and move coins off the exchange once the amount starts to matter. Everything else you'll pick up by watching the market for a few months.

Smaal_God

The government, which is elected and backed by the people. Yes, bitcoin could be that, but then the value of USD will go down even faster, and big wrong things would happen. And, you know - bitcoin is just the new printer that wants to replace the old printer, and it has slightly different software. also, new printer was built by a new group of people who think they want to stop the old group of people with the old printer. Now, people's savings, thinking, earnings, everything is officially kept in USD. Not in BTC. And it will be so for the foreseeable future, while some people who believe in the new printer will play with the new printer and hope it some day becomes the main printer or the only printer. BUT, the old group with the old printer might also not want to give up their printing system, and will be updating software too. So it comes own to how many people back which printer and also which printer is currently official.

RetiredAvocado

Aight, everyone saying dollar is backed by x or bitcoin is backed by x: where can I go to redeem dollars or bitcoins for a commensurate amount of x? Does someone keep a stash of those things ready to be traded out? Where do I go to redeem $100 worth of "faith and credit? or "superpower?" or "aircraft carriers?" or 0.002 BTC worth of electricity? Is someone holding $1.65 trillion worth of gigawatts to be immediately exchanged for all of BTC in circulation? Who is holding all these things and where? Is there a form to fill out during the exchange? Can I get $8.58 worth of "the military" on demand? It's kinda one major definition of what it means to be "backed by" is. That you can go and get it.

Lost-Do73

Go read the white paper and search everything what you don’t understand. After that go to ‘souvereign sessions’ on YT or ‘BTC sessions’ they have playlists with ‘how to keep your Bitcoin save’. Practical tutorials and really a learning curve. Whatever trading platform you buy BTC, it isn’t yours. You need at least own your own wallet.

eToroTeam

There's also a supply issue that doesn't get enough attention. A lot of altcoins have ongoing token unlocks and new supply entering the market, so even when demand improves, prices can struggle to keep up. BTC doesn't face that same kind of dilution. It might help explain why a broader recovery in crypto doesn't automatically translate into a recovery across smaller tokens.

Aggravating-Map-293

2014 I bought a BTC "Credit Card" with an address and private key scratchoff. $500 right out the door in 3 months. I call it tuition. Pulled my head out and took security very seriously. To the point even that I bought a ColdCard(CC) "For the Paranoid" and thought I figured it out. 6 months before the ColdCard Q hacks I moved my stack back onto another hard wallet because I saw a schematic about how the CC worked and that was diff from my understanding. Figured I'd play with the CC more and get deep knowledge. Then the CC thefts started. Crisis averted. I call that divine intervention. \*Then the boat accident. Now I'm into US gov bonds.

Svenray

Two full years with Warren powerless and we couldn't get BTC as legal tender with no capital gains exclusion. It's only pain from here on out because in January she's getting her stripes back.

No-Silver8873

Crypto is not as famous as it was back in 2021. Nobody cares. Not even BTC is worth buying. Its worth 80k. Why would any new investors want to buy it. They can't be millionares buying BTC.

ErasmitoWathelet

For me it's the fact that nobody can just wake up tomorrow and decide to print another 10 million BTC. Sounds simple, but once you start comparing monetary systems, that becomes a pretty big deal.

000wintermute000

Sent 10 BTC to the wrong address many years ago. At the time, it wasn’t a very big financial loss, but now it seems tragic!🤦

nazarkhomych

Check out the BTC domination bro, that's the answer, that sh&t in last time kinda annoying with the alts so I agree with you lol

Previous_Valuable873

Absolutely, It has been all joy since 2024 oct... who cares what BTC does, 4x since then :D

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karenskygreen

Here we go, JP Morgan manipulation of BTC. Time to sell.

ItalianBOYporcodio

Ahmmm, maybe you are talking with some else, we are talking about how can BTC become "important" or more commun use if its not useful? And ur grandad can hate as much as he want email, but if the society requires to use it, he will use it. It's not the same for BTC. Just try to think before write bullshit please. Tecnolgy become ESSENTIAL when u can't do the same thing without that. And about bank and money transfer....in UE they cost 1€....any size.....and also during the weekend there is immediate credit...... BTC is actually useless for the big part of the people. That it. It's been 15 years baby. Email and computer changed the world in 20 years

TypicalSalt5360

I did have XBCI and BTCI until I noticed that even with dividends they under perform FBTC and IBIT in total return. Sold all shares and bought BTC instead.

GumbyDeninos

Sure, you're not wrong. Though, one can also say that is comparing a mouse to Chicxulub. (No, BTC is not Chicxulub.)

devCheckingIn

I keep seeing all these videos on YT that say retail is gone and "that's a good thing" because it means BTC is a "maturing" asset being "adopted" by institutions.

ItalianBOYporcodio

Ehmmmm......are we still talking about how BTC how can BTC can be used by everyone ? And u literally gave me the same expale of before. So btc is usefull just during the weekend? And I don't know If u have noticed....BUT SENDING BTC WITH THE SAME PACE OF FIAT IS FUCKING EXPENSIVE.

richardto4321

Way back then, I traded my precious BTC for shitcoins in hopes of getting a better return. Turned out to be one of the worst decisions of my life.

Anxious_Weakness_560

Diverse to lower the risk. Don't just DCA automatically, be aware of how much percentage your BTC takes of your portfolio. In my opinion 5% to 10% is enough to enjoy the potential upside in the long term, while maintaining the risk relatively low. If you see you exceed the limit you set to yourself, just stop DCAing

GothicCrow

Freedom just mirrors the society you live in. Nobody forces the Joe to be a greedy idiot looking for "get-rich-schemes", nobody forces to hold them something outside of BTC/ETH/XMR with lower volatility and low profits. While idiots got scammed, people in Iran or Russia got the opportunity to move money around without the US censorship; people in EU to save some money from outrageous taxation; etc. Decentralization is like a gun or drugs legalization - you can live a proper life with it or make a shooting/an overdose, you need brains and responsibility.

NoiseEdge

Bitcoin dropping from around $69k in 2021 to about $15.8k in 2022 is a pretty good reminder of the risk involved. It eventually recovered and made new highs, but anyone buying near the top had a rough couple of years 😅 So I find JPMorgan's long-term outlook interesting, but I think the big question is whether investors can actually handle that kind of volatility along the way. A 10% expected annual return sounds nice on paper, but the journey matters too. Curious how others see it — would you be comfortable holding BTC through another 70%+ drop?

ClaraWatercolor

BTC opens your eyes to possibilities

Whatnam8

I use River, I’ve enjoyed it thus far and on idle cash they pay in BTC at 3.5% APY. Their mobile app is good and when I have to move money to my bank it’s there next day

MF_Price

Not having anything backed up. Then my laptop crashed and I did a factory reset. Goodbye 7.5 BTC forever. (Granted it was worth about $25 in total at the time and if I were a smarter man I would have just replaced it at that price plus a lot more)

PreferenceOk2716

How much of this will actually get back to the victims? Seizing the BTC is one thing. Sorting out who gets it seems like the harder part. Would returning BTC or selling it for compensation be fairer to the people who lost money?

develoop

I'm experiencing the same issue. After over 10 years, I'm having my first problem. Suddenly, my account is set to "Defi only" due to a "violation of our terms and conditions," even though my coins have been sitting idle for over a year and I haven't sent, received, or traded anything. When I asked how I could regain access to my account, I received no answer, only instructions on how to transfer my coins. This is annoying because I first have to register somewhere to get an address to send them to. This is what they wrote to me: "We’re writing to inform you that your account has been suspended due to a violation of our Terms and Conditions. To ensure you can transfer any custodial funds remaining in your account, please follow the steps below." ``` What we need: Reply to this message with a single selfie that includes: Your ID document A handwritten note with the following details: Today's date Today's BTC price Your full name Your date of birth The statement: “I authorize Blockchain.com to send the funds in my [specify: Trading Account or Exchange Account] to the following address.” The cryptocurrency address where you’d like the funds to be sent. Please write the complete crypto address on your hand written note and copy paste it on the body of your email.

Fritzbox5000

21 million btc in total means there is no inflation, no hidden wealth tax caused by the money printer of a central bank. Unlike gold via certificates, BTC is verifiable, anyone could setup a bitcoin node and analyse the Blockchain. In other words: It's Proof of Work protocol makes it the most secure currency. Only culprit of BTC is its adaptation as a cash system. Its primary role is currently being a store of value. And states will not give up their monopoly fiat money, so the best thing which could happen is a Bitcoin Standard so that fiat money is backed up with Bitcoin. But I don't see this coming in the near future.

3zprK

Can you give me reasons why BTC is better than BCH? I'm onto the point that BTC is controlled by really wealthy entities otherwise it would exist. People don't support the blockchain, ie whoever holds the infrastructure they're the owner.

misunderstandingit

I'm not quote *that* O.G. And I got into BTC as a teenager, so it was always VERY little dollar value when I would do it. But I also used to give bitcoin away, $5 here and there. Friends, sister, etc. Those sats are... worth quite a bit more these days. Nobody I gave any to still has it. Nobody.

Pyroll2206

I own more BTC than per Norway citizen ! #proundplankton 🙃

EffectiveRelief9904

I’ve lost so much BTC by not buying more when I first heard about it

therealdivs1210

Can you sell your BTC to the machine at a high markup?

anonymous-bear-5886

Accidentally paid BTC for my dinner once back in 2019 at the dip 😭 I could have dined at a Michelin start restaurant with fiat 😂

pyellowmoopy9

Nobody gives away free BTC these days, but you can definitely stack sats yourself. Grab a Lightning wallet like Phoenix and check out Fountain podcast app to earn sats just listening to shows, or play games on sBTC. Also read The Bitcoin Standard to get your mind right. Small amounts add up faster than you think, welcome down the rabbit hole!

Uhrenwerker

Invest in Maple Finance BTC Yield product. Lost 25% just like that

PristineAd9986

But if bitcoin has intrinsic value, how come is it always about its trading value vs. the US Dollar? example, BTC reaches $100K, why does this matter? It has intrinsic value. Right?

AmoebaFar8564

Serious question: how many Times did you lost coins in your web Wallet? Are you Trader, cause otherwise you cant understand how important IT IS to save your Money when Market Crashs? You must Not answer this, but think about..These "Hardware Wallets" are only saving your private Keys of your web Wallet. Nothing else. I Had a Ledger and everytime when a new Chain goes online, i Had to prepare many Things only to the possibility of using the new Chain. Coins that are Not "massive mcap or Trading Volumes the Ledger even didnt know that this coin exist. I was fucked Up with everytime getting coins transfered to use it for staking or earning interest. And when you are a BTC millionaire or other Tokens Worth more than 1m, you wont use a trezor or Ledger 😅 ...

TexFarmer

My brother died with 12 BTC and did not write down the seed phrase, screwed his wife out of a fortune. Write it down and put it in a safe place.

TheCurlyHomeCook

Educating yourself about why BTC is worth pouring all your money into is smart. Otherwise we get blind crypto traders. If you want people to develop conviction and understanding in BTC, why discourage learning and excitement around it?

LimeyBastard77

Chamath is a shill for whatever way the wind blows. You’ll catch him in one interview saying bitcoin to a million, another one saying it’s going to zero, or that his biggest regret is selling all his BTC. Back when WSB was getting popular over a certain short squeeze he was claiming to be for retail traders blah blah Basically he is an opportunist that tries to say something that will get him a headline imho

Citizen_Kano

Lost my wallet in Vietnam in 2018 (not a BTC wallet, the actual leather thing you keep in your pocket) and all I had was my phone, so the only way I could get money was selling through a BTC ATM while the price was really low

WSBPumpNDumps

Damn, that's awesome to hear one more scammer is out on BTC