BTC

AriesThef0x

I was fortunate enough to start buying the bottom in 22’, went all in around that time. Fortune enough again to sell within 5% of the top, bought my first home and moved In January of this year. With my profits I was able to put a 35% down payment and have some nice savings left. Initially I had planed out how much extra a month I would have to pay to cut down my mortgage from 30 to 15 years. Instead I decided to put that extra money into BTC, because if it performs even half as well for annual rates of return over the next decade I can have the mortgage paid off in less than 10 years going that route. Also I figured putting it into BTC would be more liquid than paying down mortgage if I would run into an extreme financial emergency. With that being said, I’ve been doing a lot of panic buying lately. So I’m basically 6.5 years into my 10 year plan worth of extra payments 😅.

Whole_Historian_7185

How many Institutions, Governments and individuals hold BTC as strategic reserves?

obfuscated_id

Yes I would use it instantly and daily. Why? I already do these things and I own bitcoin. But rate matters. Has to be enough to reward the behavior but not too much to make you broke. For new comers erning somewhere between a few bucks+ a day would have to be achievable. by the end of a week earning $20? Seems expensive for you and advertisers. I think your subgroup is probably rather small too. by that I mean the number of people who enjoy working out and also subscribe to BTC theory.

BrightTomatillo1221

My own investment to start off, say 1 BTC? Later on, need to think about monetization like brand deals(brand race days) or sponsorship or pure donation to Proof of Reserve

CryptigoVespucci

Claude summary (yes I'm using AI cry about it): **Your thesis in one line:** 60K is the pivot — breaks → wait for the 40s; AI IPOs are the swing factor (rotate wealth into BTC, or pop and drag everything down); macro grim until fall. **What the crowd thinks:** * Broad agreement with your caution and your levels — most expect 60K to break and don't see it holding. Mood is *wait until fall*. * This week's tape (semis cracking, rate-hike odds spiking) cited as confirmation the macro backdrop is turning. **The one challenge worth taking seriously:** * **AI IPOs may be bearish either way.** The sharpest take wasn't "you're wrong about rotation" — it was that the rotation windfall might never exist. Valuations look detached, data-center buildout is wobbling. Pop *or* bust, crypto loses. Stress-test whether you're too optimistic here.

MacMuthafukinDre

Max pain is 75k for BTC ($13.8B-6/26) and 180 for MSTR. Barely any ITM calls. Looking bullish.

B-RapShoeStrap

I mean, the same problem would happen with BTC, but when you try to sell/use what you mined. Privacy requirements have to do with laws/regulations, not the technology itself. They could have cash reverse ATM for ETH/BTC, but my understanding is that those require ID by law.

Theverybestestintown

One bad day in the stock market next week and BTC will be back below 60K. But, it's still a very good time to buy currently.

50sat

Recognizing that ETH L2 is ETH, what single instrument in the world is involved in the same number of transactions recorded on ethereum-driven blockchains daily? Seriously I don't even have numbers but I'll bet it's really just USD and maybe the Euro flavor. The rails aren't there, crypto altogether isn't ready to force the balance. I'm not pretending that. But also if people need emergency rails there aren't many options. Things built on ETH and things that make damn sure they can bridge to ETH. ETH and it's ecosystem can power a close analogue of, as far as I know, basically every activity that occurs in the various global financial markets. It's widely distributed, and broadly trusted. I could go on. It's gas. *literally nobody* has a desire to pump the price of gas outside of some short-sighted oil companies. It's utility is so fundamental that if the fight isn't over gas/oil then nobody fucks around about it. So, every once in a while somebody gets up a hype round of "all crypto are stores of value and utility is imaginary" or something. People rush onto ETH thinking it's Ripple or BTC. It's not. IDK that's my little ted-talk for a reddit dead-end thread lol. I'm not sure what you've been taught "utility" is but millions of people use it every day.

Ok-Swan-98

Why is bitcoin up ? **CMC AI** [Bitcoin price today, BTC to USD live price, marketcap and chart | CoinMarketCap](https://coinmarketcap.com/currencies/bitcoin/) "## TLDRBitcoin is up 3.88% to $63,156.82 in 24h, closely tracking a 3.85% rise in the total crypto market cap, primarily driven by a short squeeze that forced bearish traders to cover positions. 1. \*\*Primary reason:\*\* **A short squeeze amplified the rebound,** with $122.11M in Bitcoin liquidations over 24 hours and negative funding rates indicating crowded bearish bets. 2. \*\*Secondary reasons:\*\* A broad market recovery from oversold conditions, as the entire crypto market rebounded after a brutal selloff that pushed BTC below $60,000 on June 7. 3. \*\*Near-term market outlook:\*\* If BTC holds above the 61.8% Fibonacci retracement at $61,820, it could test resistance at $63,246; a break below risks a retest of the $60,000 support zone. \## Deep Dive### 1. Short Squeeze and Leverage Unwind \*\*Overview:\*\* The rally was intensified by a short squeeze, where rising prices forced traders with bearish leveraged positions to buy back. Bitcoin saw $122.11M in liquidations over 24 hours, a 52.8% increase from the prior day, with a negative average funding rate signaling excessive short-side leverage. \*\*What it means:\*\* The move was fueled by forced buying, not just organic demand, making it prone to volatility if this leveraged fuel is exhausted. \*\*Watch for:\*\* Shifts in the aggregated funding rate toward positive territory, which would indicate reducing squeeze pressure. \### 2. Broad Market Rebound from Oversold Levels \*\*Overview:\*\* Bitcoin's gain mirrored a 3.85% rise in total crypto market cap, indicating a beta-driven recovery. The move follows a severe selloff where BTC dropped below $60,000 for the first time since late 2024, creating oversold conditions that invited buying. \*\*What it means:\*\* The bounce is part of a market-wide relief rally after a steep decline, lacking a single new catalyst. \*\*Watch for:\*\* Sustained volume growth to confirm the rebound's strength beyond short-term covering. \### 3. Near-term Market Outlook \*\*Overview:\*\* The immediate path hinges on key technical levels. Resistance is at the 23.6% Fibonacci level of $63,246. Support is at the 61.8% level of $61,820. A daily close above $63,246 could target the recent swing high near $64,128. However, with the Fear & Greed Index at 15 ("Extreme Fear"), sentiment remains fragile. \*\*What it means:\*\* The market is in a tentative recovery phase, needing to reclaim higher levels to signal a more durable reversal. \*\*Watch for:\*\* Bitcoin's reaction at the $63,246 resistance and whether spot trading volume expands on any further upside. \## Conclusion \*\*Market Outlook: Cautiously Constructive\*\* The bounce is a technical recovery amplified by a derivatives squeeze, but it lacks a fundamental catalyst. For the move to extend, Bitcoin needs to conquer nearby resistance with stronger spot participation. \*\*Key watch:\*\* Can BTC achieve a daily close above $63,246, and will spot ETF flows turn positive to support the next leg?"

Marcg611

First rule of 1 BTC ...don't tell the Internet you got 1 BTC

Shelbyturtle

Let’s be honest. This award was given long, long ago in the early days of BTC. Let’s wait another few years and see how 59k pans out.

Outrageous_Sample901

I purchased 1 whole BTC on Friday at 3 when it hit $59k. I guess we will see in a few months if I made the correct move

CryptigoVespucci

Gotcha. Re quantum, yeah I think the quantum breaking encryption is the only thing near production ready, as is quantum resistance. So a simple update for banking and other exposed symptoms, but uniquely a problem for BTC bc of satoshis coins and coordinating all stakeholders to update is messy. until it’s solved, think it’s an overhang for BTC. Tailwind if it gets figured out. Re IPOs: yeah valuations are looking pretty nuts. Thanks for the thoughtful replies.

Public-Lingonberry-2

It won’t affect your average cost on strike until you move your BTC to your wallet and then move it back.

devCheckingIn

Typically bottom to top it performs better than BTC. I think it was the only BTC pairing that was green since inception, until last year's non-alt season.

Outrageous_Sample901

I purchased my first full BTC on Friday at 3pm when the price was $59k

Jake0024

The increasing number of BTC in existence means this metric is true in every bear cycle, so...

GoldEdit

People that think like this miss the entire point of BTC. Traditionalists from years ago would vomit at the idea of institutions buying bitcoin, Saylor buying 5% of the circulating supply and that even today it's not even remotely used as a currency to make purchases with. Traditional bitcoiners don't have a leg to stand on today, they just want to maintain value in USD, and could care less about the fundamentals. Not to mention no true bitcoiner would accept a hard forked bitcoin, and a hard fork is the only way to save it from quantum computing, so where does that leave bitcoin? Will it even have the support needed to hard fork?

ozera202

Is it wrong to have 100k in doge 😤 Doge > BTC

bitsteiner

That's why you diversify. Sell 5% of your BTC and buy a house.

DrSpeckles

Ai bubble doesn’t pop. Things pop when they are all hype and no use. Kind of like BTC. AI is 100% use-driven hype. That’s an entirely different story.

Shazvox

Yea, but Timmy said BTC was gonna moon, so...

DrSpeckles

As I said in another comment, the thing is that all of the actual use cases that they talk about - refugees etc - are far better served by a stable coin that has near-zero fees, no volatility, and is exactly as portable. Or for the illegal activities, a privacy coin. There is nothing that BTC does better, so without the hype, it’s gone.

Low_Carpet9764

I am currently doing double leverage stack on my house/then borrowing against house+BTC holdings combined w CB low LTV loan. Gonna print cash Edit: ideally initiate low LTV loan (sub 20%) around 40-50k BTC as I do not see it going much lower than that

DrSpeckles

The thing is though, that all the reasons that crypto may actually be useful, which have been called out here, are far better served by a stable coin than BTC. Or for the illegal ones, a privacy coin. BTC just doesn’t fit any of them.

Icy_Annual_9954

You can do it, but you have to make sure, that you can stay solvent and pay Back the loan without touching you BTC. So that you can free your mind without jogging your bags.

RoughReality277

They have seized the USDT/USDC.. but NEVER self custody BTC.

SuRRon23

Borrow "money" using BTC as collateral just like you would with a HELOC.

Mundane-Context-3979

Altcoin follow BTC. The odd tokens might be different, but it has virtually always been the strongest case to hold nothing but BTC and maybe ETH until late bull run and then trade over a percentage to capitalize on money flowing into higher risk assets before the market crashes, but even then only if the government is printing money ie QE.

UpstairsAide3058

I love BTC but I stopped reading the moment this regard said “AI hasn’t improved much” lolol fucking guy is lost or under a rock.

UpstairsAide3058

Dude wtf are you talking about. I watch daily , ai agents write code/programs that literally used to take teams of (master degree) engineers, like teams of 7-8 engineers, 3 QA, a TPM, onshore offshore working like 4 weeks to complete these programs. I watch ai autonomously do it in a day. Your lost on AI. (Don’t get me wrong love me some BTC but your no where in the realm of AI and you’ll likely never catch up)

Davinter30

A LOT of alts never recovered, im not worried about BTC but I would be about anything else

Reach_Beyond

It’s the only crypto I’ve ever used for real life uses. PoS will win out long term vs PoW. Rewards paid out from gas and security is amazing. It has a small inflation and can go deflationary at some points. Institutions will tokenize on ETH (biggest point) Those are just regular bull points I like. My mega bull case is in a neon cyber punk far future I think it could be the #1 monetary asset, but don’t hold your breath on that. BTC is cool, but just feels like another asset.

BTCMachineElf

Currently doing this on Binance, using BTC as collateral. It's very dangerous. If you do this, do not get greedy. There is no stop loss, so you must manually manage downside risk. Make a plan about the max collateral you're willing to add, and keep your liquidation levels way way low. Using a bank loan would be a lot safer, but a lot more expensive and far less flexible.

SeaMicSte

Can’t really make this comparison until we see what happens to BTC long term lol

m1ke_tyz0n

It's always convinent during violent downturns to see these posts. Very comical. I guess OP is correct if you leave out the fact BTC hit and OP (apparently) missed 120k, 100k, 90k and 80k.

gjbsfb

Can’t really compare just BTC to the entire stock market. Apples to Oranges.

CryptigoVespucci

So I guess you think AI IPOs are bearish either way. They pop, they suck up speculative capital. They bust, it drags everything down with it. Wdym by quantum threat is nothing. Overblown for BTC risk, or you mean the tech itself

pnwcon

Everyone who entered the BTC market for the first time just over 2 years ago at 60k and beyond and HODL'd... hasn't made a nickel. Meanwhile the S&P 500 is up 40.5%. Diversify.

chuckrabbit

Lmao. You can’t just make up your own definitions. I haven’t transacted in Yuan or Euros, so they aren’t real currencies? I don’t transact in Gold so Gold isn’t money? lmao. I’ll ignore that. Pull up the definition of money, not your own made up standards. People have lived using only BTC as an excrement. It’s technically possible but I don’t care lmao. You also can’t just say you win a point and then win it. You don’t have backyard chickens. Why are you going to pretend like that helps your argument? Just like You CAN have backyard chickens, you DO NOT have backyard chickens. The majority of meat consumers do not raise their own animals so you can’t use that as a point and then turn around and say BTC doesn’t use renewable energy lmao. Again you’re being a hypocrite. If this is one of your arguments against the meat industry, then you can’t complain about the percentage of non-renewable energy that goes into the Bitcoin network. It’s basically the same thing. You’re making up a scenario and pretending that it minimizes the true impact. The Meat Industry does 100x+ more damage to the environment than the Bitcoin network. Who is the Bitcoin community to hurt you so bad that you’ll ignore your own hypocritical behavior? Lmao. Who hurt you? You are still being a hypocrite and your carbon footprint is still worse than mine.

Select_Aide_6548

To be honest it very much feels like it's been 'captured'. You used to be able to buy it in an non KYC way. Most people bought it to hold it. There were a few exchanges (like mtgox) but most people bought in person. There were no ETFs and it was off the IRS radar. While the price was way lower then (I got in around $100), I feel in many ways it was way better. And ironically my business is about 10x larger but I get LESS people paying with BTC now than I did back then. Despite the larger adoption.

Available_Win5204

1) Sure I do. And also, even if I didn't it shows the difference. Let's just agree that I've won that portion of the argument. Since you have no way to rebut it. 2) bitcoin isn't money. I'll concede this point if you show me that over the last year, you've transacted 51% in BTC vs USD (assuming you're in america). I'm feeling so confident in this argument, I would settle for 1%. Do you know why you can't show that either? Because despite your attempt at hiding behind bitcoin as "money," it isn't. No different than shares of a company are money you could technically transact with. So I see where you think you're "getting at," but it isn't a valid argument. 3) It CAN be run on these things, but it isn't. You cannot choose which miners secure your bitcoin. That would be a useful function that you could point to if it existed, but it doesn't. So yes, I can be mad that BTC is destroying the environment. You didn't mention gold, but you did mention the power usage of the traditional finance industry. Anything else you'd like to touch on there? Or should we just admit that you've lost that comparison? I'm happy to do this all day, but I am well aware that people who are making a mistake will not easily change their mind. In fact, you're more likely to take more extreme positions rather than admit fault.

Ignash-3D

To be honest BTC is useless now when it is all somewhat regulated and can be traced. BTC main value was always mainly a black market currency , but the reason its flat is because it became regulated.

SM-

https://x.com/saylor/status/2063731803312001111 I have a feeling he'll announce a 3200 BTC buy tomorrow.

chuckrabbit

lmao. 1)You mention backyard chickens. Do you own them? No. Next. 2)Eating is a necessity. Okay, owning Money is a necessity. You’re mad I choose BTC as a form of money because you would rather have me use USD as the alternative. This is the same as me saying you choose to use meat as a form of calorie consumption when there are other options. You choose to kill animals when you don’t have to in the same way that I own BTC when I don’t have to. BTC = Meat; USD, CNY, Etc = Veganism. Do you see where I am getting at? 3) Also BTC can be run on green, renewable energy. That’s similar to your backyard chickens. BTC can be run on nuclear, solar, wind, hydro. So what’s your point? Are you mad at the environmental damage? When you willfully choose to destroy the environment more than you have to. You can’t be mad that BTC is destroying the environment when you willfully kill and consume animals. You’re a hypocrite. Come back to me when you’re a vegan and then we can really debate the ethically usage of BTC or alternative forms of money.

0bran

People don't understand that bitcoin's price behaves almost the same percentage-wise on drops today as it did 15 years ago. If BTC was €30, you'd buy 100 coins. If it's €3k, you'd buy one. Either way you're putting in the same amount of fiat, and the percentage moves hit you exactly the same. Whether you hold 1 coin or 100, your investment and your pain are basically identical. Your investment and your pain are basically identical. That's the reason most people failed to hold.

Revenantjuggernaut

I didn’t have much capital and I held some BTC because that’s what everyone said. Well I’ve sold it before it tanks everytime and been buying the scoop up and well I don’t think I’ll be buying any back this time.

EvoBrah

I will definitely get down voted for this. Never heard of the whitepaper. Been buying BTC on and off since 2016-2017. Been hearing about it since 2011. What is it?

chuckrabbit

The transfer of money is a merit. It’s a use case. Is it super useful? Are there other alternatives? Sure. I choose to own BTC, a form of money. You choose to eat and kill animals for fun. You choosing to kill animals when you don’t have to is MORALLY REPREHENSIBLE. Me owning Bitcoin is opting into that form of money. Do you live on a commune? You hold dollars and use a credit card which is destroying environment.

chuckrabbit

You choose to eat meat when you don’t have to. The Bitcoin servers are going to keep running regardless of if I have BTC in my own wallet. Ultimately, you’re living the morally reprehensible life because you choose to do more damage to the planet then necessary. We can “debate” however long you want to, but it doesn’t change the fact that YOUR CARBON FOOTPRINT IS SO MUCH BIGGER THAN MINE. So until you change your own behavior and live the life you’re trying to preach. You’re only being a gigantic hypocrite that loves to waste everybody’s time.

liviughg

Forget BTC, go for TAO. This is the age of AI.

Tough-Park-6419

If I had 0.001 of BTC every time I saw this post in times like this I be a billionaire 

hhoverflow

you bought $500 of BTC in 2002, you'd have $15 millions

Kitchen_Net_GME

My crazy thought is that some of the profit taking from tech stocks will also enter crypto. So many signals are pointing this to be close to the bottom. The Space X and other IPOs are getting a lot of attention. But I think BTC is right up there too. Kinda tinfoil though.

BlazingPalm

Check into avg cost to mine 1 BTC - it’s an indicator.

Aggravating-Win-4441

I know all about blatent poverty, what I didn't know was the mindset one inherits. Good on you for breaking out of that preconditioned behavior and seeking realistic options instead of staying in the quagmire of lack thinking.BTC is probably never going to give the same returns as it did for those who adopted early, but many people went bust when the bubble popped. Until it blew up again for those who held on. The amount of whales holding Bitcoin on a global level leads me to believe BTC is a good bet. When panic selling is the norm that's when you buy, and the best way to do that for those of us with modest assets is just a bit, daily or weekly. I buy 5$ every other day, some people buy Starbucks, I buy Bitcoin. I'm not going to retire on the returns, nor build generational wealth, but I am taking a solid step towards breaking free of the subconcious limitations growing up poor has instilled. And hopefully have something besides a bill to bury me to pass on to my son. So for me, it's a 👍.

Reach_Beyond

Exactly! I was never near perfect, but I’d been accumulating since 2018 and just want to take some off the table. I’ll probably now bring holding what I just rebought for like 3-5 years. I did get plenty of ETH, but might add more BTC if it drops even lower.

LeonS170102

Planning to do this soon. Taking a 5% loan over 7 years to buy BTC around $50k. No early repayment fees on loan so I can close it anytime if it pumpsand in that case i just have to pay remaining principal while keeping the profits for long run. Also in country where i live gains are tax-free after 2 years or 12% if you sell before 2 years so thats really favourable tax situation. Biggest risk is honestly just staying disciplined during a big drawdown while making payments. Structure wise though i think it's pretty solid. Thinking about this for a month now but ill just wait a bit longer, pulling the trigger tho if it drops near 50k.

Pristine-Two-5572

BTC's actual point was peer-to-peer cash without banks, but nobody uses it that way anymore so the goalpost moving is kinda inevitable

3_pigs

$250k In 10 years, my grandchildren will be in college and will have never known a world without Bitcoin. Currently they are happy to use gift cards on Roblox currency. I think each coin will be worth more than a nice sports car. Currently you can get a corvette that will depreciate or 2 BTC that is likely to appreciate.

Local_Math_5512

Him and the 108+ other BTC treasury companies. I really don't understand the hate Saylor get's.

Warm_Collection_3993

Already sold some BTC for cash on hand for SpaceX, will have to sell more for Anthropic and OpenAI.

dacalo

Bought a huge chunk to get to 1 BTC. Still DCAing. Loving this opportunity and if it falls, will buy more.

Otherwise-Gas-5737

unless you think that BTC has no inherent value as a tool (I used it to purchase something... once, it was terribly slow and pretty expensive) and will therefore completely implode at some point in the future. In that case, time in the market makes a wipeout more likely. The "time in the market..."-rule applies to diversified markets, not single assets.

copyofa_

I am currently using 0% APR credit cards to pay my rent (21 month 0% period) and I’m buying BTC with the money I would’ve spent on rent. I’ve been doing this for 6 months. I started at nearly the ATH, and I have no regrets. I’m also taking my rent amount and putting that into River for 3.3% interest in BTC. So, if I have to close these loans, and BTC hasn’t appreciated enough, I have the USD sitting there. One card offers 0% on balance transfers and new purchases. Another new card offers 0% on only balance transfers, so I’m going to xfer card1 to card2 @ 4% I’m currently in the red on this, but if I can keep stacking for the next 6 months around these low levels, my cost average will be a lot lower, which means I should be able to sell at 2x cost basis sooner, before the loans are due

Agreeable-Duty-86

What is the point of Bitcoin? It is meant to be decentralized, yet the US government has been able to seize billions in BTC. Like what is the point of it anymore.

Stereo-Gito

Yes the amount you borrow gets turn into cash in the account so you lose out on potential up side. I'm willing to sacrifice that tho because I want more BTC at this time and I still have plenty of snp in the 401k I borrowed like 17% of my total.

raylord666

I’m not lying. I paid $1 for 0.0003 BTC with CashApp.

Theverybestestintown

Who else is eagerly waiting for the 50's? Who's got cash on hand ready to scoop up cheap BTC, may never be this cheap again.

Kandiru

You can use a decentralised exchange. https://dex.decred.org/ will do USDT and BTC. It basically matches people and then does an atomic swap between the chains.

majesticideas2

BTC flat since Nov 2021 while stocks have boomed. Idk i'm starting to have my doubts.

YOLOontheGO

BTC is speculative and high risk, they’d rather have stable 3-5-7-10% a year than losing it all. Was tough for them to get to multi millionaire, they don’t want to restart the game.

raylord666

The $1 of BTC I purchased a year ago is worth $.40. Explain this.

crypto_Trader247

in my opinion it's a great time to buy BTC.

Takemaki

Bitcoin today is probably best understood as “digital gold,” not anonymous internet money. A lot of the original crypto promises weakened over time: * exchanges require full KYC, * blockchain analysis tracks transactions, * BTC is heavily influenced by whales, ETFs, and leverage, * very few businesses actually use it as currency. So the main advantages today are not privacy or buying coffee. The real value proposition is: * fixed supply (no central bank can print more), * self-custody (you can hold wealth without a bank), * censorship resistance, * portability across borders, * and independence from any single government. For people in stable countries with functional banking, BTC can feel like a speculative asset with no cash flow. That criticism is fair. But for people dealing with inflation, capital controls, frozen bank accounts, or unstable governments, the ability to own and move wealth outside the traditional system can be very valuable. Bitcoin is not replacing fiat anytime soon. It’s more like a global, decentralized reserve asset people choose to trust because it’s scarce, portable, and politically neutral.

wkndatbernardus

The Ayatollah is not going to enjoy $40k BTC, habibi.

beardgangwhat

Most on-chain options are coin coin and native BTC is kind of its own ecosystem. HTX isn't bad, but tbh if you're okay with KYC and you're gonna move the BTC off the exchange anyway, using one of the big exchanges shouldn't be an issue. Buy BTC with the USDT withdraw it then hw wallet. If you're tryna avoid that: Take this with a grain of salt as I haven't used it myself, do your own research, but MetaMask's mUSD might be worth looking at. If the person paying you can send mUSD instead of USDT, you can receive it directly in a MetaMask wallet rather than dealing with a CEX. Butttt metamask would be wrapped BTC so maybe I'll shush

Kitchen_Net_GME

I agree with no real evidence. But there are many indicators imo. A big one many are stuck on is that we have to drop to 35-40K to match the percent drop of previous cycles. But in doing so that is ignoring that our last major rally we didn’t see near the parabolic rise as previous cycles. We are already hit a drop of over 50%. Another clue is weekly RSI. It only flipped oversold 3 separate times. Each time was at or very near the bottom of a cycle. Last week we went oversold again, for the 4th time. It can just be a coincidence. Another signal is the weekly 200 day moving average. BTC tends to bounce when this is hit. We just hit it. Lastly, just going off trends. The last time BTC hit a cycle low, it came to rest near where the previous cycle high was. This also just recently happened. We all follow our own methods and instincts. But when just 1 of these flashes I get interested. In this case, all 4 hit at the same time. And honestly….it has me a tad concerned that it is all lining up to perfect. But no one knows!

Dealer_Vast

I've done this a few times and the boring answer is usually safest: check which chain your USDT is on first, then either swap through a wallet you trust or use a big CEX just for the conversion and withdraw BTC right away. tbh the scary part is less 'CEX bad' and more sending TRC20/ERC20/etc to the wrong place or using some random swap site

Reach_Beyond

I bought. I sold all between low $70k BTC and was 95% out at $110k BTC and 4.5k ETH. All that cash was in interest barring USDC. It is now 100% re invested between $68k to $60k BTC and 1.6-2k ETH. Not looking for opinions or tell OP what to do. No idea why I did it other than vibes

SN617

Worth being clear with yourself first: borrowing to buy is leverage. If price drops, you can get liquidated and lose the BTC. That is a different risk than borrowing against BTC you already hold to cover an expense without selling. Both involve risk, but leveraged buying adds a forced-sale layer. If it is the latter (borrowing against your stack), BorrowOnBitcoin.com compares lenders so you can see rates and terms. On buying with leverage, just go in eyes open.

Ok_Lake8089

Look bro I don't talk about BTC in public anymore. I don't want people to know how stupid I really am

SlickNegotiator

Queue up the people saying quantum computers will break BTC within a year, despite them having no actual argument why that should be the case or any knowledge of how quantum computing works. It happens every time there is a post about this topic.

Educational_Cable405

The chart only looks the same because in a bull everything pumps together. The real difference shows up on the way down. BTC does 70-80% drawdowns and comes back, most memes do 95% and just never come back. Same direction, completely different survival rate.

Brasalies

Seeing as the point of crypto is to be decentralized and not relative to any governing entity, i dont really see how trump has any relative bearing on BTC usage. Not to mention people have been buying, selling, and using btc LONG before Trump stepped into the limelight.

MinimalGravitas

I assume you are referring to Ethereum Layer 2s? Currently there is just 4.8k BTC on Lightning. It is irrelevantly tiny. In comparison there is about 40k BTC wrapped on the Ethereum rollup Base: https://basescan.org/token/0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf Just for example!

One-Divide-573

The AI rotation theory is interesting but feels like wishful thinking tbh. When AI crashes it's gonna drag everything down with it, not send people running to crypto 💀 Also agree on Saylor - dude's basically turned his company into a leveraged BTC play and that never ends well when things go south. Market's already sketchy enough without having to worry about forced selling from overleveraged players 😂

NoEntertainment9772

Absolutely right. "If" the 4 year cycle continues, this year is bitcoin bottom year, and 2029 is bitcoin peak, Usually around April time frame. We've been experiencing a capital rotation from BTC to equities. Equities are now starting to sell off, which means capital rotation again, possibly into BTC, or we may finally see another alt season that didn't play out last time around. Because institutions are now involved, it could be capital rotation back into commodities again, like gold and silver...

shy9691

If you're investing in crypto, some basic research is definitely worth doing. That said, asking questions is part of that research. The bigger issue isn't how to swap USDT for BTC — that's easy. The harder question is deciding which platform or custody method you trust

derbyfan1

Around a decade. There are other stocks which have 10x'd. And fair play. Its not a comparison. BTC is a sure bet - for the long haul only

peanutbutteryummmm

There is no way 32 bitcoin caused that many people to sell and 1b of leverage to come off. I think bigger players took out their Bitcoin position before taking off other risk. But yea, there have been some other things going on over the last 8 months. My guess is rotation from BTC to AI but your guess is as good as mine

Western-Source710

Borrowing at 4.8% right now. I think BTC will outperform that.

Romanizer

Not nine figures, 50 BTC. Satoshis wallets amount to 22,000 keys. Assuming the first cryptographically relevant quantum computer takes one day to solve shor's algorithm and brake a key, they would need 60 years to empty Satoshi's wallets. That's where this pipe dream dies. And again, this capacity would be under heavy regulation and control of the government as their secrets are deemed more valuable than some private keys.

liquid_at

in every cycle, BTC has retested the high of the previous cycle. 2021 was 58k and 60k. So it was clear that this would be retested. Good news is, next bear market will respect the next high, which was 130k, so this might be the last cycle with 5 digit prices.

Bilatsibagya

No way, with my $400 BTC portfolio

boring112

I do not think BTC will ever be a true currency. Digital asset yes. But currancy No. Despite Satoshi's (whoverthat is) intent for an alternate currency I do not think that will be realized any time soon. Ask me why, go ahead ask... but also state why you think in practical terms it is a practicle currency.

Good-Book-6912

I see a shit token called BTC on their website.

Otherwise-4PM

Anyone who answers you is just admitting to a total stranger that they own BTC.

HKBFG

Every time the stock market goes down, BTC goes down even harder.