BTC

21Moto

Trading Bitcoin is a losing strategy. DCA2BTC and HODL or HFSP. 😊

av6344

BTC must be ready to make a move. A lot of bitcoin FUD is making rounds.

NorthComparison4356

I have become so paranoid because of this, and its for sure not healthy. Why do we need to go to Mars, cant we please fix BTC first, well thank you.

LinusVPelt

Sincere question: in the past 1-2 years the comments on this subreddit seem basically those of Buttcoin. These are literally the same sentences. Is something happened to this subreddit, or is it common to all the crypto community? And if it's the sentiment of the entire community, how does it relate to the current BTC price? If the crypto community basically turned negative towards crypto, who is sustaining an 80k price?

truecakesnake

I prefer cbBTC for trading on Base, but for long term holding, I stick to native BTC.

CompetitiveAppeal663

That’ll be 5 BTC one day!

jongfish

yes text me at DISCOUNT-MEXICAN-BTC and I get you good price

Adorable-Price4231

I’m happy to keep my duo of BTC in revolut. Yeah I know I don’t own it blah blah but at least I’m in no danger of getting hacked

Small_Independent_21

Mark my words BTC to 8k

EmbarrassedDingo9467

Not from positioning, in my view. Alts are already crowded long (70-80% of accounts) while BTC isn't. I'd want to see alt prices rising with flat funding and shorts getting squeezed, not the crowd piling in first.

EmbarrassedDingo9467

Agreed, that's exactly why I put funding next to the ratio. BTC at 63% long with slightly negative funding is the clearest example: lots of small long tickets, nobody paying up to hold them. OI in notional and liquidation bands is the missing piece, I'll add both to the next snapshot. Do you have a go-to source for the liq bands or do you build them yourself?

tron1977

No, I tried to pay directly with BTC, but they didn’t accept it. Great trip. 16 people on a private yacht once owned by Grace Kelly.

huyou007

Can someone educate me how to use a billion BTC if they are not officially under your name? My understanding is that you can’t cash out because all exchanges require KYC. If you live in the U.S., you can’t use it to buy houses or cars or yachts. So having a billion btc sounds cool but how to translate them into actual wealth

WorryDesigner8152

bro turned bitcoin into a trip to the galápagos islands 😂 that’s actually one of the coolest answers i’ve seen. did you pay directly in BTC or sell some to book the trip?

Queasy-Ride4291

It wasn’t effected by some dude selling 10K BTC either. 

racka-disciprine

What do exchanges keep their BTC on?

gamma55

Sure, if you can reach out to Blackrock and get them to deliver your certificate. If you can’t? Well, better hope you can trust the long chain of intermediaries to hold their promise, and the government to hold their promise to keep your side if there’s a problem. So again, false equivalency. Blackrock ETF isn’t the same as self-custodied BTC.

throwaway12three4

I bet they sat and watched the wallets before taking funds. Let them add up then pulled all the funds at the same time. Wait months to years for people to give you their private keys. Then when you are in the very deep green pull all BTC simultaneously.

jasonslpt

Same read here, the headcount skew matters less than where the forced orders sit. On BTC right now (~83.0K) there's roughly $125M of long liquidations stacked around 81.9K to 82.1K versus about $72M of shorts near 83.4K. I lean toward a dip into that long pocket first, since it's the bigger pool and close by. A clean push and hold above 83.4K that clears the shorts would prove me wrong. Not advice.

jasonslpt

The tradeoff is pretty simple: you swap Bitcoin's own security for trust in a custodian. cbBTC means trusting Coinbase, WBTC means trusting BitGo and its custody setup, and both add smart contract risk on top. For 25% that you actively want to trade on chain it's a reasonable call, just keep the long term stack as native BTC in self custody. I'd also avoid parking it somewhere that loops it into more protocols, since each layer stacks another risk.

mysomica

I'd say the risk of holding your BTC as a Blackrock ETF is, in the majority of cases, much safer than trying to hold it on a Ledger or Trezor.

quintavious_danilo

Taxes, I hate them, thus I don’t use BTC as actual tender. It would be hell to declare taxes on every pack of chewing gum.

CardiologistInner423

Then my avocado toast would cost me 0.000012BTC instead of $22.

Rickard403

The future of finance won't be any of the crypto currency we buy and hold. Blockchain tech is revolutionizing things, but it just won't have anything to do with BTC or anything you invested in.

Key_Corgi_1906

What’s fidelity? I’m conserving selling all my btc and investing in a BTC ETF

tribepride25

BTC will be wildly adopted via ETFs and by using large, trusted custodians. After cold card, I moved my coins from Ledger and Trezor to Fidelity. Schwab is getting into crypto as well and will soon be a trusted custodian. I don’t care what BTC OGs say. I trust Fidelity with my retirement accounts and now have the same trust in them holding my BTC

on_hype

Wrapped BTC introduces counterparty risk. You are trading self-custody for convenience. This is fine for 25% of your allocation if you accept that trade-off.

Reasonable_Band1536

Is taking a loan with a company like Salt similar to taking a loan with a bank like WF if they recognize BTC as an asset? I guess I’m asking is if there are margin calls with banks like there are with brokerage companies. It would seem like a no brainer if they didn’t have margin calls in place.

BrawndoCrave

Stocks will perform better than Bitcoin long term. While I have BTC, it will face diminishing returns as the market caps grows. There will always be new growth stocks to drive the market higher long term.

liquid_at

BTC-Meme-Traders are increasingly worried that their "one true coin" has not been pumped yet, so they want to limit the talks about alts, so that all the stupid memecoin and shitcoin buyers who still believe in alts, pump their precious bitcoin to a million... meme traders doing meme trader stuff.

No_Investigator3369

same. sold in 2017. invested in BTC and rented. 6x my proceeds. still renting since everything is dogshit now for the price.

Nemozoli

The first thing I paid with BTC was a Trezor hardware wallet. Worth every sat. The last one: I bought eyeglasses for my wife and myself last year when BTC was close to $100k. I had the cash to buy them, but thought about how little the sats costed me back in 2017 and made the move. Rebought all when BTC went down to $65k...

anymonero

There was a time when Coinbase only listed BTC, you know.

Clean_Difficulty_225

I have the humility to admit I could be wrong, but given the overall macroeconomic environment is bearish and we are on the precipice of the AI bubble popping, not to mention the rising interest rate environment, I can’t see BTC returning to $100k let alone going to $200k. IMHO it’s headed much lower this upcoming cycle, I’m talking sub $10k/$1k. Eventually it will asymptotically converge to zero, as it’s a low performing legacy tech that will be replaced by other things, e.g. central bank digital currencies.

tenor_tymir

I’m 100% BTC. Don’t do what I do, apparently, but be advised that not having any would be a mistake. Make it a fixed % of your portfolio and keep adding to it throughout the years.

georgejetsonn

I understand why people choose to do it, but if I held most of my liquid net worth in self-custodied crypto I could never sleep well worrying that I might have fumbled a tiny step that could compromise everything with no recourse. No wonder BTC ETFs are so successful

tenor_tymir

Half a decade is just 5 years. BTC will most definitely not sit at 200k in 5 years. We’ll be probably back in a bear market by then.

toddycoin

Hmm, if the AI bubble crashes in 4Q, then, we may see 40K of BTC (or even lower!.. So the question is what events affect broader market outside, and that spillsover to Crypto.

Budget-Aardvark-7860

big misconception about cycle theory, there is a window where the bottom occurs not an exact date, a cycles timing is never exactly the same, even tho BTC has behaved similar in previous years, so yes the low could of already happened since it’s in the window, but sentiment doesn’t seem to match imo, which is why i would not be surprised one lower low sometime late Dec/ early Jan

quintavious_danilo

You say “correct”, why do you think BTC needs a correction? It’s right there where it’s supposed to be.

Lavayo

Which would arguably be good for BTC, leaving a potential short term reaction for the crash. Who knows. But we hat so many bad news this summer and did not even get much below 60k - still 20k above the 40k suggested by some. Just this week people said the US sold BTC and ledger got problems. Not much happened. I lack the fantasy to see a reasonable reason for such a drop.

PowerappsDev

2023: 100% in BTC, ETH und solana 2025: 20% World etf. 80% crypto 2026: until 06.10 i had 40% World etf 60% crypto 2026: after 06.10 i am 100% in World etf

Due-Driver-8826

It will cause problems to every other system in place today, crypto and BTC might actually be the easiest system to adjust once quantum is implemented

Silver_Knight_007

What if BTC had sinked, then you would have celebrated this decision. So never regret, it's all part of luck and you will get what is written for you. Either from BTC Or a salary Or stock market or some other source.

nugymmer

BTC might not be worth this much today had it not been for that purchase.

nugymmer

What about the one from October 2009 where $1 could have bought you 1309 BTC?

Vydrah

Oh, ok… so just supply and takeout? I don’t think thats worth it, it’s so little APY. But on the other hand risk is very low… not as low as just holding BTC but low.

ThePugz

I buy 0.0033 every day. That adds 1% of a BTC every month. Any big drops I buy more. And if it stays down for a while I’ll add a 2nd 0.0033 buy every day. Like when it was down to $60K earlier this year. Bought an extra 1% a few times & boosted the daily to 0.0066 too. Added a good 5% during that drop. When it touched there again I added another extra. 1% & doubled the daily buys & added another 2% there as that drop didn’t last long.

tenor_tymir

Why LTC-BTC-Fiat? Why not LTC-fiat?

Vydrah

I feel like there will be a huge gap in consensus within the community on this topic. However personally I love defi… but as u know cbBTC or wrapped BTC earns almost know yield compared to stables on it’s own. So you either need the loop to be more complex for making it worth (which carries higher smartcontract risks) or what you’re proposed trading with what you have lend (which is imho even riskier). If you’re willing to take those risks go for it.

NoYak978

I’m so pro BTC that before seeing all the great ideas and support. Would have been more than willing to help figure out alternative options. Keep stacking your stats 🫡 generational wealth

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Post is by: marshallxfogtown and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/1x29sbq/how_do_we_feel_about_cbbtc_and_wbtc/ So I recently sold some of my profit on my BTC investment, it was not much, but it was 25% of my BTC holdings because I was up over 30%. Now I've got this USDC sitting earning interest in Aave, learning about DeFi, and have been noticing i could keep my "BTC" on chain and save money in swap fee's, and potentially trade the swings in BTC price for a lot cheaper than if I were to use Thorchain for native BTC swaps... I've been enjoying keeping my BTC self custody and have avoided introducing it to any CEX's so far since acquiring it, so I just wanted to get the publics current opinion on holding cbBTC or WBTC for my purposes, especially if it is only 25% of my BTC holdings.. *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.*

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Post is by: EmbarrassedDingo9467 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1x29gyc/btc_bounced_and_fg_is_back_in_greed_64_but_alt/ Snapshot from Bybit perps this morning (\~07:50 UTC). Long % is by account (L/S ratio): \- MNT: 83% long \- HBAR: 80% long \- XRP: 79% long (L/S 3.81), funding +0.0021% \- JTO: 74% long \- ETH: 71% long (L/S 2.50), funding +0.0004% \- BTC: 63% long (L/S 1.70), funding -0.0011% What stands out to me: BTC bounced from \~80.4k to \~82.7k, but BTC funding is still slightly negative. So the crowd is long by headcount, but the money isn't paying up to hold it. On alts, positioning is much more one-sided than on BTC. Historically, when retail is this lopsided on alts while BTC funding stays flat, I've seen it resolve with a flush before continuation more often than not, but that's my experience, not a rule. Is anyone else seeing the same skew on other exchanges? Do you treat high long % as a contrarian signal or ignore it? *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.*

DrRayNay

I bought my fake ID using BTC in the dark web when I entered college in 2010. With that money I would of not needed any college.

Final_Bite_7228

But BTC will always go up!

EmbarrassedDingo9467

Checked what derivatives are doing on this. BTC funding on Bybit is basically flat at -0.0008%, OI barely moved (-0.02% in the last hour) and ~63% of accounts are long. If traders were really front-running a government dump, I'd expect funding to go clearly negative and shorts to pile in. That's not what the data shows, so far it looks like noise. Has anyone checked on-chain whether the coins actually hit an exchange?

usersince2007

I was not a criminal when the FBI took BTC-E. They stole 80% of my coins.

ImADiene

quick question, is it allowed to use a non-custodial on-ramp like moonpay to buy something like BTC and immediatly atomic swap it to XMR? i have read conflicting info on if this is likely to earn you a ban/restrictions and finCEN issues. itd would be for a small amt of money like 2-300 USD. im in the us btw

usersince2007

I paid for my vasectomy with Bitcoin in Turkey. Dr. Was very happy being paid in BTC

janjaas

Yes, crypto is not for me anymore. After 8 years, I’ve come to a conclusion that crypto is mostly for gamblers. But. Bitcoin is not crypto. I’ve become Bitcoin maxi, converted all alts into BTC. BTC is my retirement fund that will hopefully allow me to retire a bit earlier and provide extra bandwidth to enjoy life. Hope it works out the way I’ve imagined.

TerribleUsername437

For real. Like what can you even buy in BTC? No one accepts it as a form of payment. Some small niche shops that did during the blockchain boom have also stopped. If you want to buy something, you have to exchange it for local currency anyway which again brings you under the government's mandates. I think all it is useful for is to diversify your portfolio a bit or to take payments from international clients if you are outside US. Then again, you would need to immediately exchange it for FIAT to use it.

alxkwl

What would possess someone with $6.6M in BTC to purchase a hardware wallet from a reseller vs the actual manufacturer?

Congenital0ptimist

Just remember that nobody in their right mind ever wants their debt (mortgage, biz, whatever) to be denominated in units of a scarce resource (gold, BTC).

immersive-matthew

Some other betting platform is going to bet poly market BTC prediction is wrong and add yet another needless layer.

michaelv-565

Could the rest of the portfolio cover spending if BTC were sharply down when you needed to start withdrawals?

Feriman22

I just stopped trying to predict the "future" of the market and started focusing on the current regime instead. That’s also why I made the current BTC/ETH/BNB regime from my own rule-based system public. It gives me something objective to react to instead of guessing.

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Post is by: Sad_Experience_2516 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1x24bew/us_moves_1b_in_bitcoin_dump_or_reserve/ The US government reportedly moved around $1B in BTC linked to the Bitfinex hack. Some believe it’s a potential sell-off, while others think it’s just a custody transfer or part of the restitution process. Personally, I think the bigger question is how much BTC the government can legally keep in its strategic reserve. What do you guys think? Bullish, bearish, or just noise? *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.*

TheVillainInThisGame

I sold 13 BTC a few months later :')

UrbanGrower187

Seen BTC pump and dump 30% ina single day so I donno it’s strange what people think may think

Educational-Hold-699

The crazy part is that selling at $550 probably felt like a perfectly reasonable decision back then. Nobody was looking at that transaction thinking "yeah, this will be worth a fortune someday." Still, seeing 4.27 BTC on one line hurts more than it should 💀

moop44

The days of mining LTC to trsde for BTC to trade for fiat to buy beer were the glory days.

Serenaded

I like Litecoin and it would probably be one of the cryptos I would invest in after ETH, XMR and BTC. But I'm currently not buying into any projects, just more safer and easier money to be made in stocks. So saying this, it wouldn't suprirse me in the slightest if LTC suddenly melted faces with a pump. It's extremely overlooked while being one of the most stable, oldest coins that actually achieves what it set out to do. It has all the hallmarks of something that could 20x. Still not buying into crypto though, not in this economy.

ihatearguingonline

I agree with those BTC criticisms, but if we're looking for a coin that takes BTC's best characteristics (fair launch, fixed supply, strong PoW security/decentralization), and combines them with next gen speed/scalability/low fees, then KAS is the obvious choice. LTC really is an obsolete dino coin at this stage. Zcash is similarly obsolete (XMR is still the coin of choice for the dark web), but due to its small market cap it was a good candidate for market manipulation. Small but recognizable. Claims to be fairly launched even though it has a 20% dev tax. There's a chance LTC will be artificially boosted in a similar manner, but I doubt it. It's already so big that it's much harder to give it enough momentum for escape velocity like they did with zcash.

lite_hause

got it. most litecoiners like bitcoin and own some, too. LTC and BTC are the only two cryptos I care about. They’ve always worked hand in hand and LTC’s privacy feature is interesting

Awkward_Potential_

I mean, BTC. But I'll trade other shit for cycles. Right now ZEC is the trade.

Initial_Note_5987

I can add BTC GoMining Token USDT or USDC but all my funds for it are held on their app before being loaded onto the card

finepnutty

Bitcoin trades with the market, if market goes down 25% BTC will be down 50%

ihatearguingonline

Here's the issue: LTC has no moat whatsoever. It's not the best at anything. If you want the most trusted store of value you go with BTC. If you want a next gen, fully scalable, fast PoW chain, you go with KAS. LTC sits in this awkward middle ground where it's inherited good tokenomics but no compelling reason that people should expect others to keep investing in this technology.

FitCompetition1804

Before I actually educated myself and started stacking for real this February, I bought some BTC on Moonpay via Trust Wallet (lol) to pay for IPTV service and a few other subscriptions years back.

cocacola0102

Basically in the same position. Have a couple of hardware wallets I bought 3 years ago, so probably fine given if they weren't I'd likely have been drained long ago. But the risk is out there. If one of them were to break (leaving me only one hardware device I can 'trust') I'd have to have a serious think about what to do...probably involving moving a decent amount to a CEX and/or reducing my overall crypto position substantially. Honestly surprised BTC hasn't tanked on this news.

rocket_beer

bc it’s not the right time to spend them yet USD is still the world reserve currency Once BTC is, then it will be useful in that way

Alyanah22

Let’s see how BTC performs in the coming weeks.

Mindless-Apricot-235

I bought a SSD on Amazon with BTC when BTC was ~$130. Guess how much is the SSD worth now.

Wellyeahso

How did you find a roofing company that would accepting BTC?

Wellyeahso

How did you find these properties for sale for BTC?

JunkBondJunkie

The other person the best BTC he bought.

Homelanderthe7

Why only BTC? You can buy any shitcoin and sell tax free after one year.

bigcoumbe

Strike You need about 2X the amount of BTC to protect yourself from liquidation but there’s lots of options.

truecakesnake

Finally, some old-school Satoshi-era BTC in motion!

Pristine-Bat-4258

4.27 BTC for 550 dollars, that phone screen crack is probably from throwing it after seeing today prices

Good_Extension_9642

I heard someone bought a compromised ledger wallet from a third party, then bought 60 BTC at the bear market, now he had over 1 million and it just got drained 😬

Beneficial_Bad2490

Seeing 4.27 BTC priced at $128.70 each is a uniquely painful screenshot now

dj_destroyer

4.27 BTC is like half a million Canadian dollars...

No_Fuel4693

In jurisdictions where BTC attracts CGT, and every withdrawal is treated as a 'disposal' event, it makes little sense to transact with it, so most just HODL or trade. Transacting in BTConly works in places where there's no-KYC, and/or no CGT tracking (or you're willing to skirt around those two).

Stereo-Gito

I would too but tax laws and most of the things I buy don't accept BTC so I am not going out of my way 

Mr_Mojobaggins

Just sold my first BTC and along with trade in bought a Porsche Cayenne GTS.

papa_autist

Yeah you can buy it, but I was saying the BTC holding amounts can't be leveraged for a margin loan.

MrDryGuy_

"The address spent 200 BTC across two transactions in August 2015, another 100 BTC in December 2017 and 249 BTC in March 2018. The separate 100.02 BTC payment from July 2010 remained unspent throughout."... Nothing to see here ..

jojorabbit11

Meanwhile is a BTC life insurance company completely on the bitcoin standard 🤯

Left_Entrepreneur918

You don’t think AI agents haven’t been tasked with probing BTC code yet? It’s proven unless you have 51% there isn’t a way to crack it. Quantum is the only vulnerability