BTC

AgreeableAd1903

Store of value and speculation I think it will go higher and higher i doubt it will go to zero but crypto especially BTC gets rid of the weak holders historically due to it volatility. I dont see a use case for maybe another 10 years as far as main stream usage, and BTC wont be the currency that will be use rather a different more optimized one.

FirstAmendmentIsDead

The initial theft occurred because they got the victim to open a Remote Desktop client and then they stole his private keys from Bitcoin Core. Who the FUCK stores over 4000BTC in a hot wallet on a PC???

Mysterious_Big_4582

man this hits close to home, i'm in a similar boat with currency going nuts here. i just hold USDT too, it's basically my savings account now. the idea of spending BTC for a coffee feels insane when it could be worth double next year binance card is nice for cashback but i mostly just park everything and forget about it. the inflation is so bad that even doing nothing in stablecoin feels like winning i think the "dollar bank account" thing is probably everywhere where local money is unreliable, not just LATAM. when your own currency betrays you, you find a workaround real quick

coffee_is_fun

The industry degenerated into Mazoni's Artist's Shit and Cattelan's Comedian. The industry part of it wasn't about fixing finance. Let's replay a bit of the last few cycles. 2017 was selling the idea that rich people are rich because accredited investors already have money, can buy into IPOs and rip off the general public by flipping to them in subsequent rounds. ICOs being for unaccredited investors. That narrative got people betting on napkin math, whitepapers and founder narratives. Everyone's a VC. 2021 was yield farming. Far more complicated. So it degenerated into NFTs and animal coins. Some legit looking projects too, but Binance ran away with those and made walled garden, LARP versions to siphon financial support to the knockoffs and kept a lot of interesting projects on the ground. The NFTs were interesting but they quickly crossed from a way to use virtualized scarcity to solve for duplication issues in digitizing tradfi and economics to art jokes. 2025 calcified crypto as a shitcoin casino. We were back to www wild west types of degeneracy with people hard scamming, selling themselves in borderline criminal (sometimes criminal) ways. It was just BTC and a few platforms that made it easy for anyone to mint a meme coin. Unrelated to the Solana hell, we saw Polymarket rise as a killer app. 2025 made fighting for crypto's reputation impossible. So did 2021 with the animal coins and things like BAND vs LINK, PancakeSwap vs Uniswap, Venus Protocol vs AAVE. People forget, but 2021-2022 was when it went off the rails. There were legitimate looking projects rising from the ashes of 2017-2018. But the collective we went with spring breaker tier champagne popping at the knockoffs, NFTs and the meme coins. Crypto is not going to loudly revolutionize anything at this point. It is a tool to be worked with if its the right solution to emergent problems. We have digital gold, peer to peer gambling, turing complete ledgers, oracles to connect chains and offchains, etc. I'll point at individual technologies when they make sense to include in a solution. I'll hope the infrastructure and expertise are there to pick up the pieces if a finance catastrophe plays out. But I can't evangelize it without acknowledging a lot of bullshit in the past decade.

ihatearguingonline

It looks exactly like BTC in its early days. When a network is small it is more susceptible to speculation induced volatility. When the network grows it is much better at absorbing the volatility. KAS' only obstacle is time/understanding. It is better BTC. Monero and zcash also have their place

ihatearguingonline

It's not just "belief". Scarcity is hard coded into BTC and as long as there is consistent demand this will inevitably make it rise along with inflation. It's a fair unit of account that can't be artificially diluted by a politician's whims

ihatearguingonline

And stocks outperforming BTC recently doesn't mean shit. BTC is doing its job overall but of course money will flow around chasing the next best thing. Be patient and zoom out

ihatearguingonline

Sounds like you acknowledge crypto has utility so I don't know why you feel I was targeting you with the "limited understanding" bit 😂. You kind of outed yourself there. Price appreciation based on sound money principles (primarily scarcity) is a very important function. It's digital property rights. Huge for any country with bad inflation (every country, but especially more corrupt ones). You're right that BTC isn't used for much else other than SOV. KAS retains BTC's desirable qualities (scarcity, fair launch, security/decentralization through PoW), and combines them with next gen L1 capabilities (fast, low fees, and smart contract capabilities). I know people can't help but cringe whenever an alt is shilled but some will inevitably rise to the top and find market fit.

unknowngloomth

BTC got crushed by a boring stock like Nvidia and XOM for the last 5 years rois wise tho BTC got shilled by a president publicly. Anyways, people aren't using BTC for anything other than price appreciation. "Limited understanding" hahahaha. I hold BTC myself bought at 16k. But I just hold for the sake of making money and send money to a sanctioned country like Russia. But I swap BTC for Monero and use Monero for it as Monero is the only coin in the space which truly stuck with its crypto principles.

No-Confusion4519

I’d rebalance with new money first and only sell if BTC stays way above my limit after considering the tax hit.

DiamondHandsDarrell

What happened? It's all there. Via coinbase (not exclusively, but they're making it easy) you can get a BTC backed mortgage. If that isn't at least partially done I'd the success we wanted to see, then I don't know what it looks like. Too much dilution with other crypto to give confidence to every day people. If they don't trust in BTC they're not going to trust in anything else.

ihatearguingonline

You are projecting based on your limited understanding. That is a major motivating factor yes. But digital property rights could have a tremendously positive impact on the world. Inflation is a runaway train and essential utilities like housing are being overbought as a hedge against it. If people understand that fairly launched currencies like BTC and KAS are truly scarce and secure, they can divert property investments, dramatically lowering costs long term. Gold already does this to some degree but it has major accessibility and usability concerns compared to well designed cryptocurrencies. And yes degenerate gamblers will speculate on them, causing volatility. But as the networks mature the volatility gets absorbed. Look at what's already happened with BTC compared to most alts.

jongolfpro

This is ridiculous. This was not a spam or bot post but a legitimate question for Coinbase users and the BTC community.

unknowngloomth

That's because crypto is a scam. Except some coins like Monero. The rest is just a massive scam BTC included..

WizardBoy808

Large scale BTC trades are often done OTC (over the counter) with a 3rd party middle man

JimmySki6166

I retired from BTC, I know enough about it!

Lavayo

Again, I'm talking about BTC only. It's a monetary network with open source code. That's it. There is no back door, there is no hidden agenda. If anything it could be coopted by malicious players. It may normalize the use of digital payment, but that would happen too without BTC. It's near to impossible for the main chain just being "shut off" to push CBDCs. BTC is the antithesis to CBDCs no one that has hashpower in the BTC network has incentive to use them instead. And if they do, their place will be filled by others they want to stay with BTC. Users can chose which chain survives and make sure it does.

poop-dolla

I’m pretty sure these “incentives” that only exist in your head are only applicable to an ideal world where everyone acts the exact way you want them to act. In that world, why not just do away with currency all together and go full socialist? Anyway, over here in the real world, it just doesn’t work the way it does in your head. We don’t live in a utopia, and we won’t live in a utopia if all currencies besides BTC disappeared.

Imaginary_Sentence75

The ones refusing to sell off would probably interest me the most. If BTC and the rest of the sector are getting hit and something liquid keeps absorbing it without really breaking, there is clearly a reason sellers are not getting the reaction you would normally expect. I have started noticing that kind of relative strength more when looking through Moon too. The quiet chart can sometimes tell you more than the one already making the obvious move.

Curious_Play9741

This is probably the most correct answer, could be $1M, could be zero...coud be $BTC_3.6 quantum or something else.

poop-dolla

It’s really not hard to see how that would be the opposite of a large group of nodes shooting themselves in the foot. Let’s say a majority of nodes come together as a group and they collectively own X% of BTC. If they expect to collectively mine greater than X% of new BTC with the expanded supply, then they’d come out ahead financially. Now of course I don’t think that’s a likely thing to happen, but it’s a pretty easy concept to understand for how it could be beneficial to do for the nodes voting for it.

mickeyDisneyMouse

After 5 years in BTC I've realized that the key driver of price is actually just supply and demand and all the models are not really that good. If there is fear and people are not buying or are dumping (including long term holders selling like in this cycle), the prices will drop. If people are bullish and want to buy BTC in droves like they were pre-halving and with ETF launches, the prices will go up.

poop-dolla

> Bitcoin would end all war and conflict on this planet until the end of time. That’s now officially the craziest claim I’ve ever heard anyone make about BTC.

KeyPresent5929

Not allowing withdrawal could also mean they don’t have the real version of the underlying asset, ie. they have a paper version of the underlying asset, for example, an ETF. The paper version is phunny money, until it’s redeemed in kind. In effect, while your balance may say you have BTC, you don’t. It’s only paper or a journal entry.

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Post is by: Existing_Lock_3803 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1waspse/i_think_the_coins_that_refuse_to_move_are_more/ I’ve started keeping a small list of coins that should be moving but just aren’t. Not dead coins. Stuff with decent liquidity that normally reacts when BTC moves or when its sector starts running. If BTC has a strong day and one of them barely responds, I mark it. Same thing if everything sells off and one coin just sits there. I actually noticed this first while comparing a few names on Moon. The ones doing almost nothing ended up being more interesting than the obvious movers. What’s been interesting is the weak reactions have actually been more useful to me than the big candles. A coin ignoring a good market has saved me from a few longs, and one that refuses to dump while everything around it is getting smoked usually gets my attention pretty fast. I used to only look for confirmation through movement. Now I’m starting to think the lack of a reaction is sometimes the cleaner signal. *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.*

PsyOmega

1BTC is worth 1BTC One BTC is worth 1 in 21 millionths a global economy. Hope this helps.

HumbleLearner69

Never, BTC ans ETH holdings are partially being transferred to ZEC because of privacy and the limit supply

Fansyy

Hey, I've made a tool that explains BTC concepts here [here](https://wtfisbtc.lol) Check it out if u want :)

joethecrow23

I like BTC and gold. I like silver too.

HappyKick2706

Saving money that you need in 2 years in BTC is quite risky. Could double or could halve

absurdcriminality

Crypto has changed so much, and I feel like we aren't even aware of just how much. Taking out a loan using your BTC miner as collateral. Try saying that to someone 10 years ago lol

MrFlare2025

Mate it was down bad this morning. Dont be fooled by the dead cat bounce it will be back below 3c by the weekend just watch I've been in crypto sonce the beginning. Nothing touches BTC and ETH 

Late_Independent3100

I was in kaspa as well till I found SPX6900 and read about it , I believe this is the closest we can get to what BTC initially was , I am reading more about it and observing the community I believe this is something to look at .

motavader

It's only going to be that useful if it's integrated into all of the purchase chains such that you don't have to convert from BTC back into fiat. That includes stores and producers buying their goods in BTC at the same time. Right now so much is still dependent on purchasing in the US dollar. On top of that even those small BTC transactions are still subject to taxable events. We seriously need legislation that exempts smaller BTC purchases from those reporting requirements

CoinGate_Gift_Cards

The simplest mental model is: Bitcoin lives on the ledger, not in the wallet. The wallet stores the keys. Sending BTC means signing a transaction that changes which keys are allowed to spend specific amounts. Nodes verify it, miners confirm it, and the blockchain records the new ownership conditions

vlal97

What other asset is even close to BTCs price even in a bear? Zoom out dude, its a perpetual bull cycle. The price of BTC just depends how much money they print and send to markets which is highly manipulated. Also the OTC market doesnt affect price.

quintavious_danilo

ETH just like any other coin piggybacks on BTC‘s back. There might be weeks of over- or underperformance but overall it’s all pegged to BTC price movements. I wouldn’t expect a complete and continuous disconnect anytime soon. So, to answer your question: As soon as BTC decided to go into a full bull run, ETH is going to go towards 4k.

warmBlizzard20

Honestly, I think ETH needs its own narrative instead of just following BTC. If BTC keeps moving up, ETH usually gets a boost, but to really break and hold $4k I’d want to see stronger ETH ETF inflows, more demand for staking, and ETH starting to outperform BTC. If those things line up, $4k doesn’t seem crazy at all. The harder part is getting ETH to stay above it.

Careless-Key4926

honestly the simplest answer is usually the right one, but i feel like people are sleeping on the institutional side of this. the ETFs took a lot of supply off the market and it's still being absorbed, just slower now cause the initial hype died down. we need another big player to announce they're holding BTC on their balance sheet, that kind of news moves the needle fast in Brazil we had a bank start offering crypto custody last year and suddenly everyone's uncle was asking about it, the domino effect is real. regulatory clarity in the US would help too, like actual clear rules not just court cases but yeah the math is just more buyers than sellers at the end of the day

AlexiZephyrMage

Imagine the ledger as a stack of papers, each with information about a transaction and a stamp. Once added to this stack, pages can never be removed or edited. But the whole stack can be read by anyone, at any time. > Where is my Bitcoin actually stored before I send it? It is encoded in these pages. A list of who paid what to whom. > What exactly happens when I press “send”? You submit a new page to be added to the stack, pointing to previous page(s) that are already in the stack. > How does the network know that I’m allowed to spend it? > Who checks that the transaction is legitimate? Everyone in the room verifies that your stamp in the new page matches the ones in the other pages it references. If most agree that it is the exact same shape and color, your new page is accepted. > What actually changes on the blockchain? Your page is added to the top of this stack of papers. > And where does the 0.05 BTC “go” afterwards? Nowhere, it's still encoded in the information in the stack. Your stamp is no longer good for it, someone else's stamp is. --- This is not supposed to be a technical explanation, just a simple one, so it won't translate directly to blockchain terms.

Ryencoke

If that's what you gathered from that, you're a really stupid person. But judging by your responses and need for a top level post about it I am not shocked. Also, in the time that you since posted, it's now doing better than BTC is today.

KeenPhrasing

Leveraging BTC to buy more BTC is a conviction play. It is respected but it's not for everybody.

Ryencoke

As mentioned, it's all I really buy. It's more because people like you need to make a top-level post about it when it clearly doesn't affect you since you don't have any by the sounds of it. If it dumps, it dumps. If it goes up, it goes up. Do I think it's better than BTC? Yes. I for one hope it dumps again as I was enjoying buying in the 2.5-2.7 range.

Interesting-Ice72

BTC/ ICP / ETH /XRM/ CRCL-stock option

Aromatic-Yellow1100

Sounds like a risky move.  How about set yourself up to take advantage of the future dips and not potentially lose it all.  This is what Im doing.  Setup an account with River, setup a daily/weekly DCA purchase (no fees). I have a daily DCA that is set to fill in the middle of the night, no chance of me cancelling or fussing with it.  Also setup the "supercharge" function for buying more during dips when BTC is down on the 7 dma.  Mine is set at 300% of my normal daily purchase. 

xaviemb

Yes, the value in USD is only important from the context of exchange rate... not value. I actually have never exchanged Bitcoin for USD. I've only ever exchanged USD for Bitcoin... and I've exchanged BTC directly for something I want...

JuxtaposeLife

Possible, but incredibly unlikely based on how markets perceived this structure. Currently... Odds of BTC below $75k this Friday are under 10% Odds of it below $70k by this Friday are less than 2%

Interesting_Loss_907

Because 1) it would not be 3X more. You were forgetting all the feess, & 2) the potential chance of making more money comes at a very significant risk of losing it all. BTC is volatile, even in bull markets you have significant corrections along the way, just like you have sometimes upward market price action during bear markets.

JakRenden2

You never rebalance BTC. You rebalance everything else but never BTC

tenuousemphasis

If they don't report the 600 BTC as stolen, yes we can assume that is the agreement.

tenor_tymir

there is no second best. BTC does to my portfolio whatever it wants. If it keeps growing I doubt do shit to slow it down.

Feralz2

BTC is way oversold why would you take his advice now lmao

DigAccomplished8241

your low ltv is the part to protect this week. Keep enough room for a fast BTC drop around the macro evnts

jawanda

The sale would go to people looking to buy below the current market value. For a coin like BTC there's probably billions in resting long orders waiting to buy at a price below the current mark price. So you sell to the guy with the highest bid, but he only wants 1 BTC. Then you sell to the guy with the next highest bid, he wants 5, sweet! And on down through the book. You should ask Gemini to explain "order books" to you it'll give you a better understanding. There are other ways to buy and sell but this is how the price moves generally speaking.

Interesting_Loss_907

The subject of discussion was a huge amount (100,000 BTC worth many $Billions), so almost certainly OTC & almost certainly not all at once, for the simple reason it would be highly unlikely you’d have sufficient buying interest at once to absorb all that volume (hence why it would create a downward pressure on market price). This is all covered well in Economics 101, or any entry level economics course (supply-demand price charts) & could apply to any other assets or commodities.

LovelyDayHere

> At this point, people would be better off holding their BTC on an exchange, as it's the only viable scaling method Bitcoin has. Lies. Bitcoin scales, and it did since 2017. The working, scaling peer to peer electronic cash system is called BitcoinCash (BCH) and still doesn't require centralized solutions or L2's with further problems.

whisperedstate

Native Bitcoin cannot handle even close to the traffic required to even onboard 1% of the worlds population. And true L2s (rollups/zkp) are impossible on Bitcoin. At this point, people would be better off holding their BTC on an exchange, as it's the only viable scaling method Bitcoin has.

Budget-Fee804

Tried it with a hosting service about two years back and the margins were way thinner than I expected. Power costs and maintenance fees ate up most of what I thought would be profit, and when BTC dipped it got stressful fast. The convenience of not dealing with noise and heat was nice but you're still at the mercy of their uptime and whatever contract terms they spring on you. If you go this route make sure you understand every fee before signing anything.

Treesh_Jancy

BTC let's you own your freedom

thrwaway1614211

Again, scarcity without demand is completely meaningless. Just because there is a finite amount of BTC doesn't mean anything if people are not interested in it. > Each time a transaction happens on the BTC network, and minuscule amount is burned up. That's completely wrong, it's paid to the miners, not burnt up. maybe you should educate yourself before you invest heavily into something you dont understand

Neat-Bodybuilder1670

Why did they choose to reactivate these accounts at this time? If it's to cash out BTC, then it's clearly not the right time. So what is their purpose?

Meto_Kaiba

I once heard that things usually click after 100 hours total of reading/listening to things related to the Bitcoin network. I recommend The Bitcoin Standard by Saifedean Ammous as one way to get answers to your questions, but it's not an easy read in my experience. For me, it's looking like 1000 hours might be enough to sate my curiosity, but it's still not enough to confidently answer anything about the protocol with certainty. That being said, because you put some bullet points up, I will answer each question to the best of my knowledge since I'm not in school anymore and I want to give it a shot, even if I'm wrong - on *reddit* (insert shocked face emoji here). a) It's stored either on an exchange like Kraken or Bitbuy and/or a cold storage wallet like Trezor or Ledger. Or Bitcoin Core. I'm not certain. b) An electrical signal is sent from the impedence detector in your phone or other electronic device to the Bitcoin network and the blocks rearrange. c) This question can be answered by googling the double-spend problem, I think. The network is verified by its decentralization (you don't have to trust one entity in particular). d) Sometimes I do. Sometimes someone else on planet Earth can as well, but it's incredibly unlikely that I specifically looked at your 0.05 BTC transaction. e) Eh. The price in USD is one thing that changes. f) It stays within the 21 million maximum Bitcoins that will ever be mined. Your 0.05 is a fraction of the 21 million hardcap, which is key to understanding why Bitcoin has any monetary value at all to anyone. Your wallet represents your personal wealth. Also, nothing private about this reply. It may also be mostly wrong; I'm not a teacher.

Interesting_Loss_907

If there were a buyer (or group of buyers) ready to buy such a large volume of BTC at the current market price at the moment the billionaire wants to sell, then sure, it offsets & is neutral. But that would be an unusual coincidence for such a large volume of coins. So if an enormous volume were suddenly available for sale and they were not enough buyers to take it up at the current market price, it would create a temporary dip in the market price to attract new buyers to continue taking up the difference in the available supply. (the market would of course recover once the supply is sold off, assuming demand overall continues as it was before).

PatrickL23

Screenshoting these 'BTCB2 is a scam' posts for posterity. Ya'll might want to do some actual reading about what orig BTC has been turned into and is allowing on chain. And why BTCB2 was created. While Bitcoin Blake2b is a big risk, it carries the last hope of getting off USS Shitcoin Titanic that orig Bitcoin has become. A lot of big money went into torpedoing Bitcoin, and the same is being directed toward discrediting BTCB2. The one rule that never changes is that you can have opportunity or certainly, but never both. And the path toward opportunity is never visible while standing in a crowd.

Horror-Landscape8592

Borrow against it and keep the stack, that = zero tax liability, then borrow again to service the debt meanwhile BTC keeps growing. ???, Profit. Never pay tax if you can help it

Squeiner

Let me take a crack at it, tell me how i did: ● Where is my Bitcoin actually stored before I send it? Its not stored anywhere in particular. It exists inside every node, as a ledger entry on the blockchain. My node (as well as every other node) contains the data of all blocks on the chain, and one of those blocks has a transaction in it that says "address 'A' has 0.1 BTC". If you have the private keys for address 'A', that's your btc. What you're actually storing is a private key. ● What exactly happens when I press “send”? When you press send, your wallet app writes a message that says "move 0.05 BTC from address 'A' to address 'B'. Here is the private key signature for address 'A'." Then it sends that message to every node that it's connected to. Every node that receives it, checks it first to ensure the coins had not been moved before from address A, and that the private key is the correct one, and if everything checks out, it sends the transaction to every other node it's connected to. This is how transactions propagate thru the network.  ● How does the network know that I’m allowed to spend it? Each node verifies that the signature was done with the correct private key as soon as it receives the transaction. ● Who checks that the transaction is legitimate? Each node verifies that the transaction is legitimate as soon as it receives the transaction.  ● What actually changes on the blockchain? Once a lot of nodes have received your transaction, the bitcoin miners will take that transaction and try to include it into a block. As soon as they do, a new block comes out and is sent to all the nodes in the same way as your transaction propagated. Each node then verifies every single transaction and signature inside that block, as well as the proof of work, before adding it to the tip of their own copy of the blockchain, and passing it on to every other node they're connected to. Now, every node has a copy of the chain that has a block with your transaction in it, which says "Address 'A' sent 0.05 BTC to address 'B'." ● And where does the 0.05 BTC “go” afterwards? It doesn't go anywhere in particular. But those 0.05 coins can no longer be spent by using the private keys for address 'A'. They can now only be spent by using the private keys for address 'B'. Your wallet balance represents all the coins on the chain which can be moved by using your private keys. Your wallet app scans the entire blockchain and identifies all the coins in addresses that your keys can unlock. 

Survivaleast

Using social media and influencers as trusted ‘advisors’ to influence your positions. There is ETH and there is BTC. Anyone else is trying to offload their bags to become your new losses.

basketbun

Depends on your conviction. Some people believe BTC is the only answer and will never sell and only hold BTC, others like yourself hold a small percentage of your portfolio, and there's all kinds in between. So there really isn't an answer. But I would guess most do not sell to rebalance, they watch the ups and downs, that's generally what happens with independent retail investors historically

LevelStationaryPlane

I’ve made more money this year in just SP500, than I have for the last 5 holding BTC no wonder people aren’t taking this shit seriously, nor should they. You guys are textbook financial and economic Dunning-Kruger maxis.

LevelStationaryPlane

I sold all my BTC last year and dumped it in the S&P500 and have cleared more in one year than I ever made w BTC lmfao.

Lavayo

I'm only talking about BTC here. Nobody owns half of the coins. Motives of the initial creator are irrelevant if every 0 and 1 of the protocol is maintained by the BTC community.

Lavayo

No. BTC is the protocol. It's open. Who wrote it initially is of historical significance at best.

alko89

My mom has almost 0.5 BTC **🙈**

JimmySki6166

Only 21 million BTC will ever be produced. Each time a transaction happens on the BTC network, and minuscule amount is burned up. Many BTC are added to a country’s federal reserve for store of wealth as many small companies and individuals. 21 million is not a high # in terms of units, compared to other cryptocurrencies or stocks. BTC is the best asset you can hold for long term!!

vRud

No, I just wait for BTC to crash again. Then the allocation is not a problem anymore

No_Refrigerator1677

For sure, going through an OTC desk could help avoid those wild price swings. It's a smart move when dealing with that much BTC.

Top-Care-8946

I think that everyone uses cards just because it's most common way to pay without need to withdraw money from ATM. However fees to cover payments are paying merchants who are renting terminals from banks themselves. There is also a monthly pay for card holders to cover banking system maintenance cost at bank sides (banking infrastructure). BTC has "networking" as transaction confirmation fee but it's not the same as fees for CC transactions. It's more like money transfer fee to move funds from one account to another. If BTC transactions could be confirmed in seconds like CC transactions then it would be much more widely used. Another thing is that BTC needs to be converted into fiat because goods values are still expressed in traditional fiat (it's hard to calculate cost in small fractions like value in BTC is mostly expressed due to it's high price.

Ashistrash121

Depends on who you ask. I have seen people compare BTC to the second coming of Jesus, but now they are saying the same thing about AI.

faded_VOYAGE

"Bitcoin will overtake Bitcoin at 1 BTC" is unkillable logic, no notes

fffatalfame9

Narrative. ZEC = BTC with privacy option and same max supply cap. XMR = crime coin with no supply cap. This is one explanation for the different price trajectories, at least.

maxglan123

Me have 15 BTC in from Thailand

geromeo

youth love to complain about boomers who bought houses at 50-100k and made millions. But the story not told is more than not didn't buy those houses back in the day, because they were narrow sighted and didn't believe it was a good investment. Today, when btc is 50-100k, people ask if they too late, or worry about the short term because they cant imagine it can be millions one day. I believe it will be Some people bought as many houses as they could. Some people buy as many BTC as they can.

Secure-Jelly-3802

The variety of use case is what makes it interesting. It's not just about buying online or using it for tech related things anymore. Seeing people use BTC for normal services and everyday purchases shows how adoption can grow naturally.

Secure-Jelly-3802

I think this is one of the biggest steps for Bitcoin becoming more practical. Holding BTC is easy, but giving people simple ways to actually use it for everyday things is what will drive real adoption.

Creepy-Key-2294

how do you square the high price of S&P relative to the discount of BTC is trading at now when allocating percentage of purchases

MarioWilson122

Buying at the very top, selling at the very bottom, and listening to influencers or celebrities about which coins other than BTC to buy. Those are probably three of the easiest ways for a beginner to get wrecked.

KettleDescalingMoFo

It’s never too late. Same for me. I heard about Bitcoin loads in the last decade, but scoffed when I heard people talk about “mining”. My low IQ brain could only attribute mining to real world physical mining. My bad. My thinking about the world changed during Convid and then BTC came back to me in 2023. I started reading The Bitcoin Standard and then started buying in 2024. I missed the pre-ETF prices, but hey ho, you get the price you deserve 😆 Best of luck and make sure you do plenty of research. That’s how you build your conviction on this incredible asset.

SamLeCoyote_Fix_1

I support AMC, let'st boycott HOOD, this is insane !!! About BTC: Benjamin Cowen, founder of Into The Cryptoverse, says there is a 65% chance Bitcoin's (BTC) cycle low still lies ahead. That keeps his bear market thesis alive despite a sharp summer rally. Cowen made the comment in a video interview. He pointed to Bitcoin's realized price near $53,000 as the level bears still need to test before calling the bottom.

Michael-Ryder

The simplest mental model is: your wallet doesn’t actually hold BTC, it holds the keys that let you spend BTC recorded on the network. When you hit send, the wallet creates and signs a transaction, nodes check that the signature and rules are valid, and miners eventually include it in a block. Any leftover amount comes back to you as change. Once that part clicks, the rest starts making a lot more sense.

chainglance_cm

Since you posted the question on every sub, I'll go ahead copy-paste the answer on every post lol... Your wallet doesn't actually hold coins, it holds a list of "chunks" scattered across the blockchain that are locked to your key (these are called UTXOs). Your balance is just your wallet app adding up all the chunks it can see are yours. Say you've got one chunk worth 0.1 BTC, kind of like having a single $100 bill in a drawer with no smaller bills. You can't tear it in half to send someone $50. Instead your wallet spends the whole $100 bill and creates two new ones: 0.05 to your friend, and the leftover (minus a tiny fee) that comes right back to you as change, usually to a fresh address you also control. When you hit send, your wallet is basically writing a note that says "I'm spending this specific chunk, here's my signature proving I own it, and here's where the pieces go now." Anyone on the network can check that signature against your public key without ever seeing your private key. Miners grab a batch of these notes, make sure none of them are trying to spend a chunk that's already been used somewhere else, and lock the whole batch into a block. Once that block gets added, the old chunk is marked spent forever and the two new chunks officially exist on the chain, one sitting at your friend's address and one sitting back at yours. So "where does the 0.05 go" is honestly a great question, and the answer is it just becomes a brand new chunk of bitcoin that now belongs to someone else's key. Nothing physically moves, ownership just gets reassigned on a ledger that thousands of computers keep an identical copy of.

chainglance_cm

Ok the cash-in-a-drawer analogy is what made this click for me, so here goes. Your wallet doesn't actually hold coins, it holds a list of "chunks" scattered across the blockchain that are locked to your key (these are called UTXOs). Your balance is just your wallet app adding up all the chunks it can see are yours. Say you've got one chunk worth 0.1 BTC, kind of like having a single $100 bill in a drawer with no smaller bills. You can't tear it in half to send someone $50. Instead your wallet spends the whole $100 bill and creates two new ones: 0.05 to your friend, and the leftover (minus a tiny fee) that comes right back to you as change, usually to a fresh address you also control. When you hit send, your wallet is basically writing a note that says "I'm spending this specific chunk, here's my signature proving I own it, and here's where the pieces go now." Anyone on the network can check that signature against your public key without ever seeing your private key. Miners grab a batch of these notes, make sure none of them are trying to spend a chunk that's already been used somewhere else, and lock the whole batch into a block. Once that block gets added, the old chunk is marked spent forever and the two new chunks officially exist on the chain, one sitting at your friend's address and one sitting back at yours. So "where does the 0.05 go" is honestly a great question, and the answer is it just becomes a brand new chunk of bitcoin that now belongs to someone else's key. Nothing physically moves, ownership just gets reassigned on a ledger that thousands of computers keep an identical copy of.

anon1971wtf

> Where is my Bitcoin actually stored before I send it? It's not really stored anywhere. It's mathematics. Wallets are software that creates keypairs. Recent Coldcard hack is example of bugs or inside attack in this regard. Keypair is pair of long numbers - one must stay private, second is exposed, deterministically modified into a Bitcoin address > What exactly happens when I press “send”? Depends where "Send" button is located. If it's in the wallet like Electrum - you are shown transaction template, you sign it with key of coins to spend, then you broadcast transaction to server your wallet is connected to, server broadcasts it to miners, miners mine it to next block. Then, on exchanges, in block explorers you will see your transaction as confirmed. If you are sending it to a friend, no confirmations is good enough for small sums in equiavalent dollars. Couple confirmations for serious purchases Best way currently to manage private keys is to generate seed phrase. 12 random words from special dictionary, BIP-39 standart. From them wallet can deterministically have indefinite list of keypairs and addresses > How does the network know that I’m allowed to spend it? > Who checks that the transaction is legitimate? Wallet provides UI that prevent overflow mistakes in manually typing bigger sums than you have, and other mistakes of such kind Then, miners are mining blocks on top of all previous blocks, they amount to all history that confirms that your address has same amount of coins you are spending. Usually it goes like: your address A -> 2nd party address B + you change address C (technical term is UTXO) > What actually changes on the blockchain? Next block will have your transaction and miners will have updates to balances of all addresses, including all of yours > And where does the 0.05 BTC “go” afterwards? To your change address

TheresNoSecondBest

>5% to BTC PoW Lab. That is a massive pool fee. Fuhgeddaboudit! 🤌

G_Zeus_Kryst

Okay, I think I’m starting to get it now. The part I’m still confused about is the “unspent output” itself. So if the blockchain is basically keeping track of these outputs rather than actual coins moving around, what exactly makes an output belong to *me* in the first place? Like, when I receive that 0.05 BTC, is my wallet basically just finding an output on the blockchain that says it can only be spent with my private key? And if so, how does the network know that the address I’m sending it to is connected to the other person’s private key? Sorry if I’m going backwards here 😂 I feel like I understand 80% of what you explained and then get stuck on one tiny detail.

SimpleHeadcount

It clicks way easier if you stop picturing coins moving around at all. Your wallet doesn't hold bitcoin, it holds the private key that lets you unlock a specific unspent output on the blockchain. So that 0.1 BTC isn't sitting in a file on your phone, it's just a ledger entry pointing at your address that your key can sign for. When you hit send, your wallet crafts a message that says "unlock this 0.1 entry, send 0.05 to her address, and send the other 0.05 back to a new address I control as change." Your private key signs that message, nodes verify the signature is legit and that you haven't already spent that output, then miners race to cram it into a block. The blockchain just updates the pointers, your old output gets marked spent and two fresh outputs appear. Her wallet now has a key that can unlock that 0.05, and your change output sits there waiting for you.

Phoenix-Ash96

Fair on the economics, and I'll take the correction on scale. But 3,200 BTC is the largest single P2PK address, not the target. Satoshi-era coins are spread over thousands of them, roughly a million BTC in aggregate, and one machine cracks them sequentially. That's a different sum. Agree the business case is still weak though. Nobody builds a $50bn machine for this, and if you have one, there are better things to point it at. My argument was that the exposure is real, not that someone's coming for it tomorrow.

ArugulaPotential366

Just asking because Ive heard people say buying property isnt much of an investment and would rather just hold BTC. I'm still trying to make my mind up about property but I'm no where near being able to afford any property. I'm just investing and stacking aggressively

snatchdaddy69

So you’re saying sell all my SOL for BTC? Haha, just feel like not enough capital to make significant gains. If I could afford a few BTC, then I’m all for it but holding .2 BTC just doesn’t seem like enough gains for my risk tolerance. Maybe I’m cooked though

crazybird-thereal

The worst mistake is start trading (like daily trading). Except for BTC or ETH and maybe some solid project, everything else will just make someone else than you richer. For now the best start is use BTC as investement for future. You put your money on it once or DCA, then you forget about it, you wait long long time, and profit.

ZannyNanny23

Yea sure I know I'm crazy I have herd it. But the ripple bank is gonna use the DNA code we have and make it a type of access to use it money and it's gonna turn into the ability to spend money it will require ur blood info to be in cyber space it's a kinda spell to bind ur soul to a data center.. and most people will have no choice because BTC will be so much and xrp will be alot at this time and every one will have so much invested online and all there info and value will be in this signature.. that's what I got I didn't say soon it went be till after 2030 or 2032