BTC

Rip_Jorbenson

Got sim swap hacked back in 2016 (this is how they got around 2FA on my phone). Watched in real time as my coin base and bank account got gutted. Lost about 60 ETH, some btc, and about $1000 worth of monero and ltc. I was fresh outta college at the time and was broke. They called into my university tech support line (which ironically, I used to work for during college), got issued a password reset which got them access to my uni email - which they then used to gain access to my cellular account and Gmail. The $3000 had in my bank was refunded within a week. Had a caught the hack a minute earlier I probably coulda stopped it. This also came after a 2 year period of trying desperately to find the key to my old btc miner wallet, which at one point at hundreds of BTC on it. Bunch of us had been using the uni computers to mine. Realistically would sold in 2017 or 2018 and paid off my student loans or bought a house. Water under the bridge. Sure it sucked, but I don’t sweat it anymore. Not a type of sadness worth holding onto. Came blame a dumb kid for being dumb. Of my dozen or so early adopter /btc nerd friends, the vast majority of us blew our btc of pizza and steam games. none of us got rich.

FigmaWallSt

That idiot could have took profits at 45M and maybe sell 10% get 4.5M pre tax and even if that would be 2.75M after taxes (depending on where he lives) that could be at least 200k yearly on average in an index fund. He could even sell 50% and put into BTC and let the rest in, in case it increases even more, but what can you do with 100M what you couldn’t do with 45M? That dude is probably just a gambling addict, because that’s basically no risk management. No TP, No SL, just hoping your shitcoin is as valuable as real companies generating real profits. I mean what do you expect from someone who "invests" into "Poopcart" hoping to make millions?

KFC_Tuesdays

“Goes up or down who knows” this mindset is why yall watch your BTC profits disappear every cycle

_Starter

Let us all gather here. I bought 4.6BTC in the early 2019 slump, and lost it all leverage trading on Bybit by around December of the same year, that's before the price exploded in 2020. I was dumb, had zero idea how brutal leverage trading is. Thought I could use the BTC to generate a steady income from trading. When the losses accumulated, the trading became more aggressive. What would I have done differently? Honestly, I'd rather take that loss and walk away. Have come to believe how you find success can be a poisoned chalice. If you win by getting lucky on a completely arbitration decision, then it sets a validated pattern behaviour for the future. So even if I had made a huge profit on that 4.64 baby stack, that completely speculative gamble would likely have eventually caught up with me as I pursued more. So I follow the BTC story now, nothing against it, but I'm out of that game, doing success the hard way, trying to create genuine value for others, and then capturing some of it as good old profit. And I'm also failing at this too... so far.

Blade_Runner_69

At least you can use dung as fertilizer. This is worse than that. Complete waste of BTC.

tomfoolery77

I had over 4 BTC and 30 ETH stolen from my Exodus wallet. At the time, they emailed you a single link you could use to recreate the wallet. Email got hacked I guess. To this day, I still think it was an inside job.

Adept-Dragonfly1869

@book4225 who said it will not go there? A sharp bounce is often a technical support trigger on longer or shorter time frames. The overall trend is still down on the longer time frames. For example on the monthly frame a break down to 55k is still in the cards with a strong wick down on a weekly time frame. Historically BTC has not been hitting the oversold territory on the RSI but that doesn’t mean a strong wick down is impossible.

ThePugz

I don’t know what you’re smoking but I bought a ton worth of BTC back in 2022 around the $16,000 range.

Outrageous_Length975

BTC dropped over 50% from $120k to $60k in the last 8 months. Yes, that's a bear market. It has started, at the very least.

Gr1009

Illustrates the intelligence level of most BTC holders.

artiface

I mined bitcoin on my CPU when it first started, had over 10K BTC. I spent almost all bitcoins on Silk Road for weed. I still had a few and cashed out about $12K when BTC was around $1000... thought i was rich at that time.

s23noway

Currently BTC is still in early adoption stage. Keep in mind fiat sooner or later lose all its value and become over inflated. Once hyper inflation hits its game over. Another currency is adopted. The real question is depends on which country you are in which currency would you use. I can tell you in war torn countries you are not using fiat its btc. So the understanding of money changes based on where you are at. BTC has multiple benefits.

Crypto-Bets

Crypto is a complimentary good in the free world. We have no desire to replace USD. We wish to incorporate USD into the software. We don’t want to be hassled with BTC for everyday purchases. We usually spend BTC on items that cost around $80+ or web services.

Anonymo123

My best friend bought BTC when it was $100. He dumped a few grand into it and when ETH came out , he sold BTC to buy ETH very cheap. Sold BTC when it was over $100k and ETH near the ATH... and retired. I was going through a divorce at the time and had no money to spend.. wish i had figured a way to get a few grand of BTC at $100 and HODL til $100k as well. still working..sigh.

Appropriate-Talk-735

I guess we see some sellers around 100, then around 120k, 150k and 200k. We are soon done moving BTC from weak hands to strong hands and can move up again.

BigYogurtcloset8123

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wgcole01

In 2017, my plan was to sell my XRP heavy alt portfolio and roll it all in to BTC at the bottom. If I had actually done that, I'd have been holding about 169 BTC. If I managed to time the 2025 peak right, I could have netted about $17M. But I didn't. I held on thinking that the 2017 bull run was just the start of good things to come. I didn't respect the cycle. I made good money in the 2021 bull run, but not $17M good.

inthematrix2021

Confirmation bias is a dangerous game. BTC = POOP

pragma

I will sell on the day some other crypto bests BTC on the coinmarketcap leaderboard sorted by absolute market cap. And I will trade for the new leader. My investment thesis is simple, that cryptocurrency will be more important in the future than in the past, and that the leading cryptocurrency attracts valuable market effects over time.

fredmerz

I was going to buy my dad $200 of BTC in 2010 as a fun bday present. I only had $180 in my bank account though so I only bought him $20 worth, which he then sold in 2016 at a then peak.

Thick_Garlic_4790

Bought BTC before anyone I know. Around $2500. Wife made me sell it for a vacation on Halloween.

GreaterFooled

Quality post, now do a 5 year comparison of the average buy cost and growth of a hypothetical BTC investment stacked against VOO & QQQ for even more insights.

No-Setting9690

I had a few hundred BTC that were stolen.

RevolutionaryTown231

I only have enough money to buy 0.4 BTC.😩

z4nar0

I sold 3300 BTC in 2013

HorsedickGoldstein

BTC said fuck your charts and your analysis. Did you sell hoping to get in at a lower price? But bro nobody has any fucking idea what it’s gonna do

3-ide-Raven

I made generational wealth by putting everything I had into BTC in 2013. Then quitting my job and cashing out my 401k to build a hydro powered ETH mining operation in Montana in 2015. And I was wise to keep those assets largely untouched. But that doesn’t mean I didn’t miss a bunch of other ops. For example, I bought $100k worth of DOGE in 2015 which I sold for a 2x on Poloniex the following week. My calcs put that at over $100mm at peak. I also crushed it in the 2017 ICO boom. My altcoin port value in BTC peaked at 2,400. But illiquid order books and hopes/dreams of world changing chains prevented me from securing a lot of those gains into actual BTC. Either way I’m doing fine. Mainly because I’ve never used leverage. And I’ve never played in the shitcoin casinos. I have everything in institutional custody now and I borrow against my assets to make business and RE investments. And I’ll do that until I’m dead.

Special_Catto

Alts low both in USD and BTC. Had to buy more. Buy low sell high.

saliriota

Bought 5 BTC in 2015 for around $500 total. Sold them at $1,200 because I thought I was a genius. I still think about it every tax season.

Rubixs

I use to put a BTC down per hand of blackjack back in 2014. Lost all my coins eventually. It was enough to retire on if I even had a small fraction of what I had.

stephenph

I was ready to buy 2000$ of BTC when it was 120$. Talked myself out of it because crypto was just a fad. My worst "loss" was spending 1 eth on my ledger wallet, at the time eth was about $110

xianthus

BTC, BNB, ETH, and SOL. Any other alt coin thats mentioned is just people hoping you to buy their bag. Source: DOT bagholder

Physical-Profit9447

There are a few BTC farmer groups left, they can do everything you said since they control the "work" in proof of work. You are using their chain, remember. You are using their farmers bill, they can charge you whatever they want. In post quantum era, we may also see multiple schisms in the chain and each farmer group will probably claim their chain is the real deal. I feel like nobody in this sub is actually know how this works.

Hopeful_Meeting_7248

Outside of the biggest coins like BTC, ETH, SOL or BNB there's absolutely no point in holding any other older coin in hope that it'll blow during next bull market. Coins have short lives, and they rarely beat their first ATH established during previous cycle.

GeoSystemsDeveloper

**Daily crypto TL;DR:** * ℹ️ Bitcoin rebounded to $63K in an 'oversold relief rally' after a steep weekly decline. * ⚠️ Geopolitical tensions involving the US-Iran/Israel conflict continue to drive 'risk-off' sentiment. * ⚠️ Crypto Fear & Greed Index sits at 10, indicating "Extreme Fear" among investors. * ⚠️ US spot Bitcoin ETFs recorded $1.72B outflows last week, marking a record. * ⚠️ Strong US jobs data reduces Fed rate cut expectations, making BTC less attractive. *News summary from the* [*HODLings app*](https://www.geosystemsdev.com/products/hodlings/)*.*

AutoModerator

Post is by: GeoSystemsDeveloper and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1u11y93/daily_crypto_tldr_june_9_2026/ **In short:** * ℹ️ Bitcoin rebounded to $63K in an 'oversold relief rally' after a steep weekly decline. * ⚠️ Geopolitical tensions involving the US-Iran/Israel conflict continue to drive 'risk-off' sentiment. * ⚠️ Crypto Fear & Greed Index sits at 10, indicating "Extreme Fear" among investors. * ⚠️ US spot Bitcoin ETFs recorded $1.72B outflows last week, marking a record. * ⚠️ Strong US jobs data reduces Fed rate cut expectations, making BTC less attractive. *News summary from the HODLings app.* *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.*

pommesUNDwurst

I don't know... But literally nobody was euphoric about BTC in 2025. Even compared to 2024 with the ETFs and the big 100k. There was basically no interest in the broader public. Just as now. I haven't seen any FUD from influencers or perma bulls. Most just accepted the bearmarket. If we go by sentiment alone. I would expect it to go significantly lower.

iminabed

Most people have a lot of faith in BTC. When the price drops we buy more because historically it’s going to go up. Especially if people follow the rule of “only invest money you’re willing to lose in to crypto.” So if your average price is say 80k or 100k or whatever and it’s down to 60k? Then buy buy buy. I’ll never understand panic selling personally.

ShitShirtSteve

One thing I have learned is to never listen to myself/others doing chart analysis, trend predictions. If a chart analysis could predict the exact price, I'd be swimming in cash. Mix-maxing the top and bottom will usually result in missing the top and bottom. I have seen many people much better at doing TA than me still get it wrong every so often. I have also made more money ignoring TA, and just going with my guts. TA can be a good indicator, but never a guarantee. Why did BTC go up? It doesn't matter, the very fact that it's so unpredictable means that doing TA doesn't guarantee anything. The thing with predictions is that they don't always come true.

DryMight2765

Heart short squeeze - Many traders bet against Bitcoin (short positions) they borrowing BTC and selling it, hoping price drop and all clustered around similar price level but bitcoin price rises instead so Short sellers must buy back BTC to close their losing positions That buying pushes price higher Which forces MORE short sellers to buy

PossiblyUseful754

I had a friend working an odd job back in 2010, we used to be MMO buddies and one day he asked me to join a private vent channel, he talked about this new form or currency and suggested to buy 1000£ for the lulz as one day it might amount to something. It was either April or May of 2010 and he was talking about BTC. FML

DryTechnology5224

How so? I always buy back and replace what I sold in the bear, and then some. You can't just die with a pile of BTC lol. You gotta use some sometimes on major life purchases/upgrades

jawanda

Well you would've ended up with about 4 BTC if you spent your whole $1500 on it. So I wouldn't say "rich" but you would've had a nice chunk of change if you'd sold at peak that's for sure.

unknowngloomth

I put like $10k in a coin back in 2024. Some PoW coin I won't named the coin because I don't wanna be accused of shilling. Good tech and stuff. You know. BTC and ETH killer narrative bullshit. Long story short, the coin had a massive pump back in December 2024. I watched my 10k turning into $100k. Then it crashed all the way back to $10k and 99% below. I was neck deep in the tech cult. I doubled down and averaged down expecting the same massive pump back. I got stuck 1 year patiently waiting. So, the day came, my patient started to wear off. I was neck deep in that coin echochamber. I was full on hopium and copium mode. I woke the fuck up. I researched the coin in depth. It turned the pump was artificially engineered. The founders got insanely rich as the bagholders like myself lost money. I eventually dumped the coin at a massive loss, and that's why I became a mercenary in the crypto space now https://preview.redd.it/swftcc9ih86h1.png?width=1516&format=png&auto=webp&s=5f3a1caf06bce49a33639d86cc42e9f3d5edd063 . I managed to recover some losses. The thing is it's a scam but it's not obvious. The coin is still around the team is "building" but the price is a disaster. The volume is thin. It's a zombie coin now. But there are still believers to this very day hanging out in that coin echochamber socials. What it's more striking is if you check the GitHub and stuff. The team is really building it. They actively launch new projects onto the chain and stuff. But nobody gives a fuck. It's a ghosttown.

Fries_Kafka

With all due respect to the cycle believers, Bitcoin has external factors that affect its performance, which are not as predictable as a calendar. When your ATHs come from tweets and elections, this structure is meaningless. The whole industry is 1 regulation (or even 1 tweet away) away from collapsing. With SpaceX, OpenAI, and Anthropic's IPOs coming soon, I doubt there will be enough cash to pump BTC by end of the year. I've worked in a crypto exchange for 2 years, and it's mostly like a luxury people go for when they a surplus after all of their low-risk investments settle down. If the predictions everyone seems to agree on are true, an AI bubble bust would probably trigger an even wider tougher bear market, and would likely start by the time this chart predicts Bitcoin will rebound.

Am_Brave

Even i opened short position when Israel attacked Iran recently but was suprised that BTC kept going up.

neen209

Too many… I bought 1000 BNB at $10 & sold at $14 (I believe I lost in sats) I had close to 2 million doge one time. I bought $5000 of TRX at 2 cents & it shot up to I believe 24 cents in like 3 days. When I sold, I had 4 BTC. Threw all that BTC into alts & lost majority of it. Had 20k XRP bought at 5 cents…sold a long time ago at like 20 cents. Had like 25k invested in Tellor when it was at like $20….sold it like a month before it ran up to like $600 Honestly…there are so many more instances, but I just got sick to my stomach typing this all out, that I am going to stop now.

CrabExact

The same shit has happened before. BTC will probably touch 50k and with months and months of downfall it'll be brought back up in just 1 week like it always does. I guess people believe billionaires don't want to be trillionaires. I'm sure Elon will have a commemorative thing done when he becomes the first trillionaire and will do something again with crypto.

u_spawnTrapd

A lot of chart predictions assume support and resistance levels will hold, but BTC has a habit of invalidating the most popular setups when positioning gets too one-sided. A move from 59k to 64k doesn’t necessarily mean anything fundamental changed overnight. Sometimes it’s just a mix of buyers stepping back in, shorts getting squeezed, and momentum feeding on itself. As for whether it goes back down soon, if anyone knew that consistently they wouldn’t be posting charts on Reddit.

Patient_Craft2195

This is the post every "I missed the bottom" trader needs to read. Your 2018 example is the killer because it's the worst-case starting point — peak euphoria, $15-18k entry, eight months later BTC was $3,200. Anyone who lump-summed in January 2018 is still mentally rebuilding. The DCA buyer was up in profit by 2023 because the bear-market purchases did the real work. The math nobody wants to internalize: in a DCA strategy, **bear markets are when the strategy actually works.** Every red candle is a discount applied to your future cost basis. The "feels worst" period (2018-2019, 2022) is statistically the highest-return zone *because* you're buying when nobody else is. What kills DCA isn't the bear market — it's the holder stopping during the bear market. The strategy on paper has a 100% historical hit rate over 4+ year horizons for BTC. The execution gap (people pausing buys during dips) is where 90% of would-be DCA-ers lose to lump-sum buyers who at least stayed in. So the real takeaway from your numbers: the strategy works, *if* you keep going precisely when it feels stupid to keep going. The discipline IS the alpha. Most people quit at the exact moment their average cost is being optimized.

ProfessionalTax5465

Haven't strategy sold 32 BTC?

Aeschbacher15

Crazy how every time BTC goes down we have some sort of major China story coming out, as if they are the only ones moving the market...

No_Inspection4415

I am going to invest the exchange and if it drops by 50% more I am buying an actual coin (and a wallet, etc., I am a begginer but it feels stupid to not invest in BTC now).

valerioshi

BTC for Ordinals. ETH and SOL for the NFTs.

Oaker_at

I was talking with my dad about crypto a few days ago, during that conversation I remembered that I was mining some ETH und BTC back when it wasn’t really popular yet. Forgot about it, sold the PC. Was around 2015 or 2016, when ETH released. I wonder how much I did mine back then.

Chdanos

And when he need money, he just sell large sum of his BTC and buy in again at lower price. This is what BTC become. As long as people talking about buy in and sell out, there will never become more than just a commodity, waiting for whale to take most profit from the market.

Reach_Beyond

I really hope you don’t believe in that too strongly, get rid of that mindset. It’s going to cost you a lot of money. No one knows where the price of most any assets is headed with that level of precision. Also, BTC up only.

BHG_702

I know you’re not lying cause I know someone who got rich from those tourney BTC winnings. If only they did that with Pokémon I would’ve been rich too 😢

kylehawk

1. Not selling my Vechain in 2021. 2. HODLing knowing we were heading into bear market 3. Diversifying in 2018 instead of BTC maxxing

postexoduss

Sorry if I'm over explaining, your post is vague, but I'd like to throw you my 2 cents. Because there is upward pressure at 59k, this is the only real answer. It may go to 55k but you can't read the tea leaves, nor get an exact date, none of us can. In the long term there isn't that much of a difference between 59k and 55k it might as well be flat line. There are exchanges out there where you can see upward and down pressure in real time, its fun to watch. BTC is, for the most part is independent from news and events, but not always, it will still follow basic supply and demand. We are in the 430 ish day bear part of the cycle if you agree with the cycle, we only have historical data go off. There is still no hard date or timeline. It is still just buyers vs sellers. **It is rising because 59k is a good pric**e, and we may never see that price again, and when its on the down trend its because people need to put their money elsewhere. It is really that simple. **Also I've seen chart software do large spikes up and down that throw off correlation, and are not accurate, could be that. Stick with moving averages to combat that, for any asset. For BTC in particular your horizon should be long enough to not care about small swings.** Start here : [https://en.wikipedia.org/wiki/Supply\_and\_demand](https://en.wikipedia.org/wiki/Supply_and_demand) and here: [https://en.wikipedia.org/wiki/Moving\_average](https://en.wikipedia.org/wiki/Moving_average) This is a good read : [https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861](https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861) and here: [**https://www.sec.gov/comments/s7-04-23/s70423-290181-707862.pdf**](https://www.sec.gov/comments/s7-04-23/s70423-290181-707862.pdf)

Romanizer

The 5,000 BTC sold by the ETFs the same day probably also did their part..

Important_Neck_2122

I keep purchasing fractional shares of BTC weekly, and I actually like when the price drops, can accumulate more that week! Just planning for my daughters future!!

Corican

One click shy of buying BTC at $10. Decided it wouldn't go anywhere and bought candy instead. The candy was good, though.

DecisionBubbly5623

2025: “I’d sell my soul for 60k BTC again” 2026: “hmm maybe after another -20%”

mel2000

BTC rose significantly after his company's downfall. But did anyone really lose money from his mismanagement and fraud after BTC rose?

mingstaHK

I bought 100USD of BTC to buy acid off Silk Road way back when. It never worked out and I have no idea where the BTC ended up. IIRC, it was around 1 USD per BTC at the time.

Talton1

Locked up CRO for the card, maybe £2-3k, can't quite remember. Anyway, I ran business purchases through it for about 6 months, had a nice amount of CRO that I locked up in Defi. CRO went absolutely mental, and I was sat watching my investment grow, I think I ended up with around £60k all in all, all locked up hahaha!! Then CRO plummeted, £60k turned into about £15k before I was able to pull some out. I thought I understood the market, blah blah blah, and was still getting a decent amount of cashback/CRO, so I locked up to get the next tier of card, had it around 2 months before they nerfed the cashback, and CRO dropped again. I still profited considerably, but looking at £60k in my accounts, and knowing it could have paid off the majority of my mortgage, but was locked up, it still kinda hurts today lol! I just put into BTC now via Strike, and stick it all on a trezor.

Volgrand

2010. A friend of mine told me "Hey, maybe we should buy some bitcoin... It may be the future". Me: "Bitcoin? Pffft. That's bullshit!" Yep. TBH i would have probably sold too early had i bought when BTC was worth cents.

silvrdragon52

I bought an NFT in 2021 that there was a fervent challenge to get. I spent weeks preparing to snag one, and when I didn't manage to get one myself out the gate, I dropped $12k to buy one on OpenSea. Did it in front of my coworker who was stunned. Sounds crazy right? Well it was the best financial decision of my life, because in the next 6 months its price ballooned up to about $250,000k, I got into a community of smart people who really knew their shit, met a bunch of likeminded savvy people, got an additional NFT for free which was worth about $40k at the peak, plus tokens that were being generated... then after having little idea how to time or interpret the market it all just faded and faded and faded. I fumbled $300,000+ total. I often think back to a moment where I thought to say in the chats: Hey guys this seems like euphoria, like the euphoria phase. I think about how if I had followed my intuition and sold and then bought BTC in the 2021 dip, I could be retired now, just 5 years later. Live and learn.

rd__hacker

Right now level to watch is 65k-66k. If BTC can reclaim and hold above this region, the structure will start looking stronger and a larger recovery becomes possible. else 59K again

Big-Safe-2459

Sold my BTC for a family vacation. Wait wait! Before y’all say “but memories”, it was a crappy 2 weeks in a heatwave with teens who wanted to do nothing but sit on their phones. We declared it our last with the kids because of how little they cared. I’d likely have held the BTC and sold on the just this side of the peak as I do with equities. But I guess now my wife and I take frugal vacations together and that’s a good thing.

AlienPearl

Had around 127btc back in the day when they were just basically giving it away online. HDD crashed and I was crying because of photos and documents, never occurred to me that BTC will blow up, HDD went to a landfill. I wouldn’t have become rich anyway, because I would have sold as soon it reached 100$ since I needed the money.

Fit-Poet6736

told a friend to invest 1k in SHIB for me (before the 110k pump) as I wasn't interested in trading at that point, well he bought me BTC and told me "don't mess with altcoins, that's better for you". and here we are now 😃

yesdaddy_____

Ahh, I see. Sorry, it's been along time since I brushed up on my BTC knowledge.

user_name_checks_out

> I know I had a Schlidbach BTC wallet at the time, so it was a cold wallet (stored in the data of my phone) > Edit: I don't think people understand that the wallet was the original version of schlidbach BitCoin wallet. It's in COLD storage. That means it is stored in your phones files (basically like having cash in your pocket) Not a HOT storage being online or on a BTC platform. What you are calling cold vs hot storage, is actually self custody versus custodial wallet. Cold storage means private keys offline. If you stored your private keys on a phone then that is a hot wallet.

energetic_one

Saylor bought back the BTC he sold and more! People jumped on his bandwagon!

paprick_is_the_man

I helped push a project for several months called Arbitrage Loop, bought 1% when it was at 5K MC and we pushed it to over 2.6M MC, never sold and kept buing as it went up. Ended up getting drained and losing over 20K of profits and my own life savings, which would be life changing money for me. Quit Crypto altogether because of it. Might start Dcaing into BTC at end of the year, never touching altcoins again.

NebeusMarketing

Bitcoin around $60k has meant very different things in different cycles. In November 2021, BTC fell back toward $60k just days after hitting a then-record high near $69k. That was still basically late-cycle euphoria: [https://www.reuters.com/technology/bitcoin-falls-more-than-4-near-60000-2021-11-16/](https://www.reuters.com/technology/bitcoin-falls-more-than-4-near-60000-2021-11-16/) In February 2024, BTC returned to $60k during a strong ETF-driven rally. Reuters reported that Bitcoin was up around 42% that month, its biggest monthly gain since late 2020, helped by inflows into newly approved US spot Bitcoin ETFs: [https://www.reuters.com/technology/bitcoin-eyes-60000-biggest-monthly-rally-since-late-2020-2024-02-28/](https://www.reuters.com/technology/bitcoin-eyes-60000-biggest-monthly-rally-since-late-2020-2024-02-28/) Now, the same \~$60k level is happening after a roughly 50% drawdown from the October 2025 high. Reuters also noted that $60k is close to Bitcoin’s 200-week moving average, around $61,778, making it an important technical support area: [https://www.reuters.com/markets/global-markets-technicals-graphic-2026-06-08/](https://www.reuters.com/markets/global-markets-technicals-graphic-2026-06-08/) There is also a leverage angle. CoinDesk reported that the recent break below $62k triggered more than $1.5B in crypto liquidations in 24 hours, including over $800M in Bitcoin positions: [https://www.coindesk.com/markets/2026/06/04/bitcoin-drops-below-usd62-000-as-usd1-5-billion-in-crypto-longs-get-wiped-out](https://www.coindesk.com/markets/2026/06/04/bitcoin-drops-below-usd62-000-as-usd1-5-billion-in-crypto-longs-get-wiped-out) So I don’t think the useful question is “was $62k expensive or cheap?” The better question is: What kind of $62k is this? 2021: $62k near euphoria. 2024: $62k during ETF-driven momentum. 2026: $62k after a 50% drawdown, near long-term technical support, after a leverage flush. Same price. Completely different market structure. That does not automatically make it a buy, but it does mean the risk/reward setup is not the same as the last time Bitcoin traded here.

Local_Math_5512

It's for investors that don't want the volatility of BTC which is considerably higher than STRC. If you want zero VOL than go buy SGOV or BOXX.

Traditional-Fan-9315

Yeah this is definitely the debate. Satoshi should just give his BTC away to spread it out!

Traditional-Fan-9315

He's just communicating his financials to his shareholders (us and anyone who wants to buy BTC).

Local_Math_5512

It's product performance? What product. It buys BTC. That's the business. MSTR goes up when BTC goes up and it goes down when BTC goes down. STRC is just a credit instrument. This isn't the first time STRC has dipped. It's recovered back to par before and it will recover again. Why are you panicking over volatility that likely won't last the week? Raising the dividend isn't the only option for bringing STRC back to par. MSTR can also buy back STRC if it dips too far. Buying STRC back at a discount reduces liabilities for MSTR and they can always resell once the price trades back at par. STRC is practically a completely new asset class. Digital Credit backed by BTC didn't exist before this year. If you're panicking over short lived VOL than maybe get out now. This product isn't for you.

MC_SKWAIRD

In 2009 I won like 7th place at counterstrike tournament and was awarded 25k Bitcoin. I had no idea what BTC was at the time and instantly sold it for the $50 it was worth to buy weed 🤦‍♂️

Jedii12

It’s bought BTC, ETH, and SOL

Local_Math_5512

Are you new to BTC? I swear a cold wind could scare some of the investors in this asset.

Solid-Individual-913

it's dead. crypto spent a decade hyping everyone for a revolution but AI revolutionized the world in less than that. Crypto forgot everything it promised already. Decentralization? BTC is saylor s toy now. selling 32 coins crashes the market. He bought a ton directly after. Also government regulations? We are waiting on governments to allow crypto? What happened to censorship resistant? The point was that hostile governments couldnt stop it. But most importantly adoption? use cases? Where are they?

MackJade

If I could time-travel, I wouldn't touch Bitcoin with a ten-foot pole. It's an absolute head-ache and I am way up. How much needless stress could have been avoided. Fuck BTC. I hate it and I still own the crap. And the fact that Saylor owns so much is even more idiotic. WTF is wrong with that guy>?!

Local_Math_5512

You do realize that buying STRC at a lower price just means receiving a higher dividend yield right? If you're bullish enough on BTC to buy STRC than you should see the dip as a buying opportunity.

Local_Math_5512

I'm fine with just 7 months of STRC reserve. It's a BTC treasury company. The goal is to acquire BTC as a reserve asset. The goal isn't too hold treasuries. Sure, if BTC trails down for the rest of the year than sitting in 12 months of cash will look smart in hindsight. If the opposite happens and BTC goes up anywhere north of 4% than shareholders are going to wonder why they are missing out on the gains and sitting on cash instead. The balance sheet is fine. The BTC isn't overleveraged against the preferred issued. I'm not worried at all.

fabio_it

How is it connected to BTC or crypto in general?

ViewFromHalf-WayDown

imagine the buying opportunity if BTC drops to $10

fabio_it

I haven't said that by giving up price will go higher. Bulls accumulation is the only reason why we don't see BTC in 50s range. You are right, there might be a buying frenzy by institutions but overall it had no dramatic effect on price action. We probably have a classic bear market.

NebeusMarketing

Good point. I agree the sale does not look like a liquidity-stress event. Strategy sold 32 BTC between May 26–31 for about $2.5M, but then bought 1,550 BTC for about $101.3M the following week and raised its cash reserve to $1B: [https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-06-08-2026/card/strategy-snaps-up-100-million-in-bitcoin-YfRcLhXsgYfwDeOeMb2w](https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-06-08-2026/card/strategy-snaps-up-100-million-in-bitcoin-YfRcLhXsgYfwDeOeMb2w) So I would separate two issues: 1. Did Strategy need to sell BTC to survive or pay dividends? Probably not. 1. Does the sale still matter as a signal? I think yes. CoinDesk reported that the 32 BTC sale was used to pay STRC preferred dividends: [https://www.coindesk.com/markets/2026/06/01/strategy-sold-32-btc-for-usd2-5-million-in-late-may-filing-shows](https://www.coindesk.com/markets/2026/06/01/strategy-sold-32-btc-for-usd2-5-million-in-late-may-filing-shows) And CoinDesk also reported that keeping STRC close to its $100 par value matters because it supports Strategy’s ability to issue more STRC through its ATM program, with proceeds usable for BTC purchases, debt management and corporate financing: [https://www.coindesk.com/markets/2026/06/01/strategy-holds-strc-dividend-at-11-5-for-fourth-straight-month](https://www.coindesk.com/markets/2026/06/01/strategy-holds-strc-dividend-at-11-5-for-fourth-straight-month) That is why I think the important question is not whether Bitcoin is liquid. Germany’s 2024 BTC sale already showed the market can absorb much larger forced supply. The more interesting question is whether Strategy is establishing a precedent that its BTC treasury is an actively managed balance-sheet asset, not a one-way accumulation vehicle. That distinction matters. Selling 32 BTC does not threaten Strategy’s position. But it may change how investors think about future capital structure, preferred dividends, credit treatment and treasury flexibility.

Turbulent-Land-5664

Congratulation - its great and it also isnt. Because theres 100,000,000 sats in a BTC the whole coin is really just a concept right? What I have personally lived is this idea of the number of BTC I own is like a threshold I dont want to breach - so once you've acheived it, you never want to draw fiat $$'s even though they may grow exponentially you dont grow your BTC and so you feel stuck sometimes, because you dont want to lose that status youve worked so hard to achieve. I am looking forward to figuring out how I can earn with my stack.

Patient_Craft2195

The energy thesis is correct and the layered plays are: * Safe: Constellation (CEG) — Meta/Microsoft PPAs, nuclear * Higher beta: Vistra (VST), Talen (TLN) — AWS/Meta contracts * Supply chain: Cameco (uranium), GE Vernova (turbines) * **Sleeper trade for crypto folks: BTC miners pivoting to AI hosting** — Core Scientific (CORZ), Iris Energy (IREN), TeraWulf (WULF), Cipher (CIFR), Hut 8 (HUT). They already have the power, the cooling, the grid interconnects. Building new takes years; miners are available today. CORZ hosts CoreWeave already. Real question for you: are you trying to play this through utilities/safe names (CEG, dividend, defensive) or through the higher-torque miners (CORZ, WULF) where the AI repricing is still in early innings? Different trades, different sizing.

yesdaddy_____

Yeah, I read about basically every rooting method will wipe my data. It's been so long, I can't remember why the app isn't there anymore. But when I look through my other android devices. It shows all the transactions I've made. Like 900, 460, 760, 140 BTC etc. I'm thinking, maybe when switching phones in the past. (I don't recall the process) it would move the apps over to the newer phone. Unlike nowadays we have smart switch that basically moves everything to your new device. I'm almost positive it was running 2.3.4 I could try and check the SD for a back up file but it's been so long I'm not entirely sure that's the original SD card. Or if I even had an SD card in the phone in question to begin with.

joos_hubert

I get the calmer feeling, but the loan only helps if the numbers stay boring. Borrowing against BTC can be better than panic selling for a planned cash need, but it should not become a way to ignore downside. The two things I would watch are starting LTV and how fast you can react if BTC drops again. A 20% dip feels different when it moves you from comfortable to margin-call territory. For me the clean setup is low LTV, cash outside the loan, and a clear plan to repay or add collateral without touching the rest of the stack. Otherwise it is still just selling pressure moved to a later date.

pommesUNDwurst

This is ridiculous. I have been in the Game since 2017. Have been following the 4 year cycle since 2018 (I think Plan B was one of the first who talked extensively about it). I estimate that I made atleast 4-5 times the profit by not HODLing through the bearmarkets and will be able to accumulate more BTC. The cycle will break eventually. But don't try to be the hero who calls it while it is obviously intact. It's downfall was prophesied since 2021 and look where it got us. I will start my DCA in a couple of days/weeks from now. Haven't had any BTC since Nov 3. Good luck.

SeemedGood

Blockstream’s intentional corruption of BTC’s significant first mover advantage at a key moment in crypto development.

hatemakingnames1

They should sell 32 BTC right before every large purchase