BTC

Ill_Mousse_4240

If Bitcoin crashes because Saylor sold 32 BTC it deserves to go all the way down. Like someone pawning off their gold watch and the whole gold market crashes! I’m not a gold bug, I’m just pointing out this absurdity

dj_destroyer

Not the first time BTC has fell while the stock market was booming. Probably won't be the last. Nothing to see here.

Turbulent-Land-5664

You're so young and if you understood the trajectory in your BTC journey, you would have known this is longer term thinking, and this volatility is to be expected. In my early days I saw my ivestment fall to 1/3 and bought more. I've also seen almost 10X at the top - still at numbers that first excited me when I saw them the first time. But also now about half of my ATH portfolio numbers. The thing is - I still have the same amount of BTC, the dollar value at this point in time is just a distraction. Stay focused and believe. Youve neither gained or lost till you sell an investment. Im a lot older and want to exit in the next ATH but dont want to sell now. I will wait - 2032 is my number.

Local_Math_5512

The market cap of MSTR trades with BTC because they are BTC treasury company. MSTR sold it's BTC in May. BTC's market cap has dropped by roughly $300 Billion since May. Please explain how MSTR's $2.3 Million dollar sale amounted to a $300 Billion dollar loss in BTC? I have a cousin that's dumb too. I'm sorry bro. That's tough.

Original-Read-6475

F&G is a pretty useless indicator. F&G was at 9 in februari when BTC was at 66k. Now the same price it's at 29.

zachmoe

fr, I had 32 BTC, and selling it didn't so shit.

Salty-Ad6128

I blame perpetuals But still believe BTC to 100k

No_Cat_8269

I think it's currently cheaper to buy BTC with what you spend on electricity But tell me what country you're from.

stheodore1974

Patience is a virtue with BTC, and long term holds are generally celebrated and rewarded as long as your time horizon is long enough

Evilraiden1

He's obviously kidding. How long can BTC go no one really knows. So just watch and buy when it's trending up.

AfterC

Yup, if Tether and MSTR isn't buying, BTC is in trouble. Wonder what percentage of trades are wash trades

Purple_Storage

Testing to sell the rest later on lol He must be scared shitless now, knowing that only 32 BTC sold is enough to crash the entire market, he will be the biggest bagholder in history, holding to 0 let's go

Purple_Storage

Don't need to worry about the 32 BTC sold by Saylor, Microstrategy still has another 843,706 BTC & he is just testing the market 😏

WhaleWilliam

Bitcoin is backed by fiat inflation both in the fiat loosing value by being diluted and the fiat being sold for BTC. If the money printer isn't going burr the price goes up very slowly. The speed of the printing is determined by the amount of loans issued, if the interest rate is too high people may rather sell Bitcoin and wait for interests rates on loans to go down before borrowing fiat to buy the Bitcoin back

Illustrious-Boss9356

I 100% agree with you, that's the issue. To most people they ARE the same thing. Because Bitcoin's use case of sending money across the world isn't valuable. If it was, people wouldn't own the ETFs they would custody the BTC themselves. Also a side note, I'm in China for the summer and very hard to send/receive BTC here. Hardware wallets cannot connect to their nodes due to the internet protections here. So it's actually harder for me to send BTC than for me to send a wire here.

ch_raposo

If they buy BTC, they have something to invest...

SpottedPine

When BTC is at one dollar you can probably buy a tricycle.

Wildwildworld123

Not sure yet, we still dipping. I also bought some at 72500. I have another $1000 available and will wait a bit longer. I may have got in a bit to early but im not worried overall as im not selling any for at least 2 years. In my opinion BTC below 70K is a smart buy if youre certain you will hold at least 2 years.

CuriousRaisin1447

If it's treated like shares then it's all treated as one regardless of the exchange.  There are 3 rules  1) if you sell shares on the same day you bought shares, they are automatically matched first.  2) if you sell shares within 30days of buying these are matched next 3) if you have not brought shares within 30 days it will be base on average cost. So assuming you have bought no BTC in the 30 before selling, they will calculate it based on the average price of all you BTC purchases regardless of exchange.

Local_Math_5512

So you believe BTC will go to zero? Cool.

FnAardvark

STRC is a variable divided, he can drop the % as low as he wants to. Also, BTC already had a 50% drop in price. Exactly how do you expect Saylor to be the next SBF?

HorsePockets

Do you want to make money in AI or hold BTC during a downturn

Local_Math_5512

Sometimes Real Estate is profitable. Sometimes it isn't. Plenty of Real Estate Trust struggle and fail. Sometimes the value is in property management rather than Real Estate Equity. Sometimes the Real Estate Market suffers a downturn (like commercial real-estate right now). Sometimes the cost of debt makes Real Estate Equity unprofitable. Investing is dynamic. I believe in BTC and it's value proposition so I invest in it. If you don't believe in BTC then stay away from it. I don't think it's much more complicated than that. What I don't understand are the people that believe BTC will appreciate over time, but that simultaneously believe that preferred equities like STRC are going to somehow hurt BTC's value over time. People spend $100 dollars on STRC. That $100 is used by MSTR to buy $100 of BTC. In exchange, MSTR owes the STRC holder $10 each year (or $0.83 each month). It will take 10 years for that preferred dividend to match the original investment of $100. Will BTC be worth double what it is today ten years from now? That is the only question you need to ask. I believe it will so I'm not worried about STRC or MSTR selling BTC at all.

Soulr3bl

I believe you're saying most of the transactions behind this data were exchange of BTC for fiat, if that's what you're saying can you cite a source for that, ideally for this specific data set.

Impossible-Ad-6780

This hits. Mining did the exact same thing to me — turned Bitcoin from a number I refreshed into a system I actually understood. I came up on GPUs (plus a couple of ASICs), and the price-anxiety part is so real. Once you've watched difficulty adjust, seen how blocks actually get produced, and felt the electricity math in your own wallet, the chart stops being a verdict on whether you were right. It's just where the market is today. You quit flinching at red candles because you know what's underneath them. For me the rabbit hole didn't stop at running the hardware — I got obsessed enough that I started building my own mining software, and now I'm down the consensus-design hole. Mining is the best on-ramp to actually getting it that I've ever found. You can't fake understanding a system you've physically run. That electricity wall in late 2025 caught a lot of us. "Relief and loss at the same time" is the perfect way to put it — but the BTC you stacked was earned in a way buying never is. You'll feel different about it for the rest of your life. You'll be back. People who come through mining always do.

Local_Math_5512

People buy STRC with a $100. MSTR uses that $100 to buy BTC. The dividend is $10 each year. The more people that buy STRC, the more money that goes into BTC. The more money into BTC, the higher the price goes. The higher the price goes, the less BTC needs to be sold to cover the dividend. You people are panicking over a problem that likely wont exist for at least a decade and likely wont exist at all.

bbatardo

Possibly. it isn't because he sold 32 BTC, but he has propped up the price for awhile and if he stops things will be ugly. I think they are in an ok position to not collapse, but it doesn't mean the BTC price won't collapse first.

fatsopiggy

Reminds of you mofos wanting to FOMO into the wallstreetbets GME train just 6 months before BTC would eventually reclaim ATH back in 2020 lmao.

TotalRepost

Maybe this finally breaks the link between BTC and eth. With the genius act and current sec cftc guidance eth, solana, hype and other smart contract enabled chains will benefit greatly. Getting the clarity act passed would only strengthen the bull case. My personal belief is eth takes the majority of the adoption but hype has been surprising lately

Be_Me_Anon_irl

Bitcoin is BTC though, you said buy STFU...

Illustrious-Boss9356

No but you said digital assets are the future, not "blockchain assets" are the future. And while I agree in some cases let's not pretend there are risks: 1. BIP110 soft/hard fork 2. Quantum computing 3. Security budget. Sincerely, a BTC Maxi who's losing conviction because 75% of the community chatter has become "the cycle" and "go up or down?". What happened to debating the benefits of centralization? Block size? Shielded vs unshielded addresses? Incorporating ZK capability onto BTC's chain? What happened?!?!

Traditional-Fan-9315

Cashing out in cycle highs is a great idea. There are a few, conservative-minded YouTubers that put out great content on cycle highs. Benjamin Cowen stands out. He was pretty accurate when most were saying it was going to $150k and then $200k. The problem is that you don't know where the ATH is. BTC tends to break a new ATH and keep rocketing upward. Yes, it will always come back to the previous ATH but you can also miss out on lots of gains. Best to have a strategy and the one you mentioned isn't a bad one.

TinyYak8793

Buy BTC at low 40's

FitCompetition1804

You should be looking at this as an opportunity to have a decent position for far later in life if you actually believe in BTC, not as an opportunity to flip for some profits. 20-30 years from now people that are your current age would kill for the opportunity you currently have. Don’t give that away by being short sighted. With that said, you should only be investing into BTC what you will not need to sell anytime soon. If you need to liquidate or just care about short term gains, that’s when it can become a losing proposition.

SEQLAR

Not consistent but in the last 12 months many companies have returned multiples compared to the 50% loss of BTC. Past returns are not guaranteed future returns when it comes to BTC. We might no longer see returns higher than maybe 25% per years. At those levels the risks associated with BTC will outweigh the short term potential.

MedianIsAnAverage

I don't think it's correct. Just because their average price is $75,699 doesn't mean all their BTC was bought for that price. Assuming they kept track of every purchase -- which as a public company I'm sure they're required to do -- they can sell "individual lots" meaning they pick and choose which bitcoin to sell. So they might be realizing a gain rather than a loss

coolcatCS

What makes it seem like I have a "vendetta" from a comment lol. Just knew BTC wouldn't care about your post and does what it wants, like always. Glad u added more. Ur not a top blaster at least👍

sidestyle05

Lol, do you have a list of companies giving consistent 5x returns in just a few years because I'm sure we'd all love a look at it. Sure, BTC isn't an asset for flipping for 100x but it's smoking the S&P on annualized returns. If you buy and hold BTC like people do VOO, etc., you'll be making our quite well. If you time the 4 year cycle, you'll do even better.

Wildwildworld123

Im not a DCA guy and never have been. When BTC dips 3-6% in a day i load up as much as i can. Over the last 3 days its been .0526 with an average buy price of $70,498. I May have accumulated a bit too early on this dip but im not worried, and yes i understand its considered catching a falling knife, but around these prices it doesnt seem so dangerous. I am not one of the people who believe BTC will fall below 50K. Maybe it does...nobody knows, but In My personal opinion BTC below 70k is always a buy if you plan on holding at least a few years.

PeeOnDusk

What do you think about $LIT now? I’m a BTC and ETH maxi guy for 10 years. But lit is the only alt that has caught my eye this whole time. Mostly due to hype’s success, which I think I missed. Wondering if lighter can compete

HelpRespawnedAsDee

I wouldn't go all in but I would certainly liquidate other assets an buy BTC at that price.

Hypnotic101

Because a dollar can only be spent once, so it should be spent wisely. Anyone who bought BTC over the last 5 years would have been better off buying index funds. That’s a concerning problem.

AvoidMyRange

Proof of work, no pre-mining, no mechanism to increase supply. Tell me another coin with these properties. Bonus point if the chain is even a fraction as proven and long as BTC's is, I'll wait. :)

nugymmer

So? It did the same thing in 2022. Don't sell if you bought higher because it will likely go even higher than your buy-in. I'm talking of BTC not alts. Some alts will no doubt outperform BTC but they will be few and far between. There are a few projects I have my eye on, but only investing what I can afford to lose of course. BTC will be my main play. Throw money on that in October/November and you'll probably do fine.

Illustrious-Boss9356

AI is not speculative. We use it every day. I used to use BTC much more than I do now. Especially back when no one tracked it or had KYC. And not only that there are 3 major issues which lack clear solutions, in order of near term risk: 1. BIP-110 potential soft or hard fork, 2. Quantum Computing advancement being accelerated by AI and 3. Security budget when 2/3 more halvings occur.

Local_Math_5512

Don't care. I'm not religious. I prefer dynamic thinking that adjust to real world circumstance over strict adherence to an unchanging doctrine. Bitcoin Trust ETF's like "IBIT" didn't exist in the past. MSTR used to be the only way investors could hold BTC in a brokerage account. That world is gone. The market has changed. Most Brokerages allow crypto purchases. Multiple Bitcoin Trust ETF's exist. The old rule book for MSTR and other Treasury Co.'s doesn't fit the modern market. Diluting shareholders and taking on convertible debt because you sell at a premium to NAV ain't going to work anymore. Issuing preferred equity to raise capital for BTC is a better strategy anyway. It creates a digital credit market with yielding equity assets to be used by financial firms, insurers, credit funds, retail traders, ETF's, etc... These are large pools of capital that can use money instruments like STRC, STRD, SATA, STRF, etc.. The money those pools exchange can be used by MSTR to buy BTC. Increasing BTC demand and, thus, increasing demand.

Spicyocto

“You could have outperformed BTC in the past few years just by investing in a boring index fund instead.” Well Yeah if you cherry pick the dates. How about if you sold October last year? What if you wait until bull run 2029. Treat holding BTC like you would an index fund. In the last 10 years which has done better? Thats your answer for the next the years. Bitcoin rides in waves

Fro3en_Cornchip

I think realistically, at this point if BTC went to 1k we would be in big trouble.

Mentalextensi0n

There is NO decoupling: For this year BTC is .5 correlated with the NASDAQ 100. Gold is .2.

Illustrious-Boss9356

Ok. So most institutions own ETFs. And much of retail owns ETFs. How do they send their BTC adross the world in 5 minutes?

Dull-Assumption-964

Most people don't see the meaning of these moves from old wallets to new ones. My thoughts may not carry weight, but they're moving to adjust the floor to get the market to a downside, allowing them to buy at a lower cost. The market will jump back above 72k by the end of the week, and those who dumped will feel the hurt. Now, this is my opinion: there are too many BTC unmined for BTC to lose. Think about it: even at its low today, name me any other currency that yields better than BTC. But don't just look at where you bought it; look at its start in 2009, then think about what I'm saying.

filip1299

[Every time Michael Saylor said he’d never sell bitcoin](https://cryptonews.net/news/bitcoin/32820108/) [Michael Saylor: Why MicroStrategy’s Bitcoin funding is NOT a glitch](https://www.youtube.com/watch?v=eThjo9wYoF0) 17:17 - " We’re the perfect instrument to short, because **I promise you I won’t sell it**. We’re going to be levered long Bitcoin, and if you don’t like it or if you just want to hedge it, you get to sell our stock or buy puts." 17:44 - "So I think part of MicroStrategy’s rise to prominence in the space is: We have been laser-focused, we’re very consistent, we’re very transparent. **We’re going to buy Bitcoin, never sell Bitcoin, we’re going to borrow money intelligently**." [MicroStrategy (MSTR) Will Never Sell Its Bitcoin (BTC) Says CEO - Bloomberg](https://www.bloomberg.com/news/articles/2022-01-19/bitcoin-hodler-saylor-says-microstrategy-will-never-sell-stash) "In January 2022, with $BTC down roughly 40%, Bloomberg asked Saylor whether Strategy would ever sell $BTC. **“Never. No. We’re not sellers. We’re only acquiring and holding $BTC,”** Saylor swore to Bloomberg. “That’s our strategy.”" [MicroStrategy Will Never Sell Its $5 Bln Crypto Stash: Michael Saylor - Markets Insider](https://markets.businessinsider.com/news/currencies/microstrategy-bitcoin-never-sell-5-bln-crypto-stash-michael-saylor-2022-1)

filip1299

[Every time Michael Saylor said he’d never sell bitcoin](https://cryptonews.net/news/bitcoin/32820108/) [Michael Saylor: Why MicroStrategy’s Bitcoin funding is NOT a glitch](https://www.youtube.com/watch?v=eThjo9wYoF0) 17:17 - " We’re the perfect instrument to short, because **I promise you I won’t sell it**. We’re going to be levered long Bitcoin, and if you don’t like it or if you just want to hedge it, you get to sell our stock or buy puts." 17:44 - "So I think part of MicroStrategy’s rise to prominence in the space is: We have been laser-focused, we’re very consistent, we’re very transparent. **We’re going to buy Bitcoin, never sell Bitcoin, we’re going to borrow money intelligently**." [MicroStrategy (MSTR) Will Never Sell Its Bitcoin (BTC) Says CEO - Bloomberg](https://www.bloomberg.com/news/articles/2022-01-19/bitcoin-hodler-saylor-says-microstrategy-will-never-sell-stash) "In January 2022, with $BTC down roughly 40%, Bloomberg asked Saylor whether Strategy would ever sell $BTC. **“Never. No. We’re not sellers. We’re only acquiring and holding $BTC,”** Saylor swore to Bloomberg. “That’s our strategy.”" [MicroStrategy Will Never Sell Its $5 Bln Crypto Stash: Michael Saylor - Markets Insider](https://markets.businessinsider.com/news/currencies/microstrategy-bitcoin-never-sell-5-bln-crypto-stash-michael-saylor-2022-1)

Illustrious-Boss9356

Institutions are largely buying via ETFs, so neither L1s or L2s benefit from that activity (other than the initial buy or final sell). L2 activity is also lackluster and lightning nodes arent economical for people to run. Mining is also highly specialized and concentrated now. Another accelerant of the security budget issue is AI energy needs. Before if you wanted to mount a 51% attack you needed the chips AND the energy. Now that a lot of chips are being voluntarily taken offline due to uneconomic mining conditions, it creates a large unused hardware resevoir that CAN be switched on in a coordinated way. Said differently, in the future to 51% attack BTC will be easier because you will ONLY need to energy. Today of all existing ASICS that can mine BTC, over 80% of them are mining BTC. As more get turned off, thet percentage drops. When it reaches 70, 60, 50%... creates risk.

Dull-Assumption-964

Most people don't see the meaning of these moves from old wallets to new ones. My thoughts may not carry weight, but they're moving to adjust the floor to get the market to a downside, allowing them to buy at a lower cost. The market will jump back above 72k by the end of the week, and those who dumped will feel the hurt. Now, this is my opinion: there are too many BTC unmined for BTC to lose. Think about it: even at its low today, name me any other currency that yields better than BTC. But don't just look at where you bought in; look at its start in 2009, then think about what I'm saying.

LedByReason

What currency are all of these ai agents going to be using to deal with each other? BTC, ETH or some other crypto is going to 10-100x in the next five years.

hoopstar80

The overbought stocks will be following it down soon. BTC has become sort of a bellwether/first mover while it is range bound.

Baseidou

I don't care about researching BTC, I just asked a question about a statement you posted on a public internet forum, if you wanna answer do it, if people pay your for your research keep it to yourself lol. I didn't know of any traditional bank which offered crypto backed loans, last I checked banks were restricting customers accout because of crypto purchases. I didn't know BTC was now considered a store of value, given it's sitting at 5Y lows and almost -50% from ATH. From a first look it seems to me it is what it has always been: an highly speculative asset.

TheHiveMindSpeaketh

Whether or not BTC is generally accepted as collateral, nobody's going to lend you dollars against BTC for you to buy more BTC. That's the definition of wrong-way risk.

Andrewshwap

For sure but I see many investors online (both through forums & interviews) say Bitcoin hit $100k, $110k, $120k while ETH just barely hit ATH; It also seems like people were expecting ETH hit $10k while BTC hit ATH. I agree with you on the supply cap, I totally wished it was capped!

KoffieCreamer

Even if BTC were 150k and his average buy was 80k I still don’t think he’d be able to liquidate everything to get back the original investment. The amount of BTC he has will ironically be the downfall of everything

SEQLAR

We still haven’t reached the bottom so who knows what the true drawdown will look like eventually but I wouldn’t be surprised that it will be somewhere around 50-60% unless the economy goes to shit and we see a serious recession. The other problem is that we are approaching levels where the upside potential is no longer 100x and people are less likely to buy a risky asset with a 2x potential as they are seeing higher returns in other more stable assets. You can buy a company that produces a product or service and make 5x in few years or bitcoin and make 2-3x. It’s a bit stupid from risk /reward perspective. This is probably also why the public interest is BTC has dropped.

Hervans13

I'm basically in the same position as you. Invested young and I'm also about to graduate college. I'm looking for a job now so that I diversify soon though. The QQQ has outdone BTC for the past 5 years.

Advanced-Summer1572

Come on. Do some research: I am not getting paid for this but here a freebie: "There is no exact figure, but several major traditional banks and institutional lenders now accept Bitcoin (BTC) as loan collateral, moving beyond specialized crypto institutions into mainstream finance. The institutional lenders supporting or preparing to offer Bitcoin-backed loans include: JPMorgan Chase: Offers institutional clients the ability to pledge Bitcoin and Ethereum as collateral for loans. Goldman Sachs: Has been executing Bitcoin-backed loans for clients since 2022 and continues to expand its digital asset lending operations. BNY Mellon: The world’s largest custodian bank rolled out crypto custody and services to help institutions engage with digital assets. Charles Schwab: Exploring digital asset custody and extending credit lines against Bitcoin. Citigroup: Expanding its custody, payment solutions, and credit offerings tailored for institutional investors holding digital assets. Additionally, several dedicated crypto financial platforms specialize directly in BTC-backed loans, such as Unchaine and SALT—are commonly used by borrowers who want direct Bitcoin-backed loans." Have a great day. Do your research. Answer your own doubts. The info is on line. HODL

hughlanko

I’ve been around a while. I think that AI/Tech stocks will inflate to “the moon” then pop just like the .com, subprime, and crypto bubbles. BTC will chase it down the plug hole a bit but then come back and beat ATH. But all that might take a couple of years.

Baseidou

That's a fair point regarding MSTR, I didn't think of that example. I was curious because this dude above seemed to imply that BTC backed loans provided by banks actually were a thing.

oopssomething

BTC just pumped $1k in 1 hour. Anyone with TA experience knows what that means?

Baseidou

Given this, which banks currently recognize BTC as collateral? Cause Citigroup is in the process of building the infrastructure, they aren't directly providing BTC-backed loans, they are just looking to be a middle man. Which is funny, cause crypto in general used to be all about cutting off the middle man.

antaran

> Honest question: does banks really accept BTC as collateral given its volatility? No.

devCheckingIn

He is hoping the government will buy his 843,000 BTC for their supposed million BTC strategic reserve.

Advanced-Summer1572

And finally..."Citigroup is launching institutional Bitcoin custody and banking infrastructure to integrate the cryptocurrency directly into traditional safekeeping, tax, and reporting frameworks, allowing clients to hold BTC alongside conventional securities. The bank's current Bitcoin and market updates feature:Custody Rollout: Citi is building this infrastructure to make Bitcoin "bankable." Clients will be able to plug Bitcoin positions directly into existing risk controls and tax workflows without needing to manage wallets or private keys themselves. Price Forecast: Citi analysts lowered their 12-month Bitcoin target to \(\$112,000\) (down from \(\$143,000\)). The revision reflects the stalling of U.S. crypto market-structure legislation, such as the Clarity Act, which has narrowed the window for regulatory catalysts that drive ETF demand. Market Scenarios: In a bullish case driven by high ETF-demand and regulatory progress, Citi sees Bitcoin reaching \(\$165,000\). Conversely, in a recessionary macro backdrop, the target drops to \(\$58,000\). Institutional Platforms: Citi is also building broader digital asset capabilities (CIDAP) to support asset tokenization and smart contracts across public and private blockchains. You can read more about the bank's digital asset strategies on Citi Digital Assets or explore the price forecast details reported by Reuters." Got to get back to finishing this analysis for a client. Enjoy the read. HODL

StoicBountyHunter

Mmm having 12 years of experience in the BTC market and laughing at the idea of BTC reaching 250K is laughable to me. You definitely have seen BTC doing this before.

Purple_Storage

Testing to sell the rest later on lol He must be scared shitless now, knowing that only 32 BTC sold is enough to crash the entire market, he will be the biggest bagholder

BoringPrinciple2542

What if there was a token that hit all those boxes while being far more flexible, secure, & with transaction times measured in fractions of a second? I’d like to introduce you to….. basically every coin created after BTC 😂.

didnt_hodl

yes. it could crash prices yes. sorry if I wasn't clear on that point. of course if some quantum lab dude moves some Satoshi era coins, BTC will absolutely dump. to my great amusement and profit.

HSuke

I think you completely misread. We're arguing on the same side. Microstrategy uses Enterprise mNAV (not basic mNAV) to make decisions on whether to buy or sell BTC. When it's above 1.22, they prefer to sell MSTR. When it's below, they prefer to sell BTC.

-rosslyn26-

Quello che sta creando il panico è il cocktail: liquidità ridotta causa riacquisto bond + BTC venduti + prezzo in calo. La gente parte a fantasticare

Baseidou

Honest question: does banks really accept BTC as collateral given its volatility?

randomFrenchDeadbeat

Well, truth is (and I know it will hurt your feelings, but you need to hear this), AI, while not good at some things, still has some use. BTC and crypto in general has shown how user unfriendly it is, and how there is no do-over. Mess up and it is over. I nearly loss a wallet because the sun dissolved the ink I used to write said wallet private key. A SINGLE mistake is all it takes. While bitcoin has shown its resilience to attacks, it really has nothing else. And it rides that high because it really is the first. Honestly, I have been in crypto longer than most people here, and I still dont understand how BTC had such a long run. AI is good at summarizing text. It is good at generating music, pictures, videos, even some good code when prompted correctly ( the same way it does great pictures when prompted by an artist or a pro editor). Maybe it is good at other things, I dont know. I still dont know what BTC is good for though.

Andrewshwap

I love everything about Ethereum and their technology; Major companies like Coinbase build on top of ETH blockchain to help scale their products & I love how they put security over speed unlike solana does; I’m just concerned with investors confidence in it. I feel like investors will think why put money into ETH when I could put money into BTC & I just hope that doesn’t affect ETH future in anyway

didnt_hodl

correct. that is all very good. and I actually welcome all this. this is the kind of systemic risk that I find fully acceptable and I can only wish it will be realized one day, so that I will finally be able to get a lot of coins on the cheap longer term, this is nothing for BTC. it has survived bigger threats and risks. I have no doubt it will survive this one as well

Extra-Succotash-9846

The BTC narrative is incredibly important to large run ups. It’s possible we’ve seen the largest runs to happen, but long term institutional investment will likely keep BTC at least relevant and trading in a somewhat stable range… rotation to more interesting trades like AI, space, is inevitably going to have this effect.

Difficult_Fact_2849

BTC is up 2.5 percent since 2021. I can beat that with a PayPal savings account…and before you lecture me on bitcoin I was into it before you…guaranteed

Low-Ad-705

I did that on Binance . I took a loan when Bitcoin was 60k and put my BTC as collateral. I bought 0,3 btc since February. if bitcoin goes under 40k it will get tight but I think it will be fine

didnt_hodl

if the addess was never used for sending, only for receiving, the public key is not exposed (normally, in most cases) most BTC is stored at addresses exactly like that, with public key unknown. so quantum would need to break the double SHA256 which they never promised to do there is some amount of coin which does have exposed public key, I want to say 1 million coins maybe a bit more, but definitely it is a small fraction of the total supplly. however,it is not up for grabs. it can be trivially traces and greedy quantum physicists would not be able to profit from it. everyone knows these are Satoshi coins and you are not Satoshi. so, stealing is a crime if I got a key to your car or to your apartment am I free to sell it?

KoffieCreamer

When people start talking about a 1 trillion dollar BTC you know they’ve gone completely off at the deep end and have lost all sense of reality.

LionRivr

In the short-term, BTC is recognized as a risk-on play. There is little interest in it right now due to capital rotation into AI/software stocks based on current news cycle narratives. Discounting cycle peaks and relative highs, Over the long term, BTC’s moving averages and cycle bottoms can still be considered as an inflation/currency debasement hedge. It is also a long-term bet on adoption growth. You are right though, diversified portfolio of assets will win, relative to cash. Assets like Real Estate, stocks, gold and BTC will each have their pros and cons.

AsbestosDude

You're moving the goalposts. First it was "quantum isn't a threat," now it's "well stolen coins would be hard to cash out." Those are completely different arguments. And exchanges are not the only way to move or monetize BTC, you know better than to try and make a claim like that

devCheckingIn

Yeah Camel has been way off. His thing is that cycles are always in control and narratives don't matter and are ret-conned in to explain the cycle moves. Not really true. Not really even sensical. It can be true in BTC's case that the "four year cycle" narrative can drive the psychology of market participants, but there are many overriding factors. I think he's still calling for gold and silver to go way, way up because of some "8-year cycle" even though it's clear that that trade has played out.

KCConnor

You're correct. But most BTC moves as a result of an exchange of value. Not all... but most.

didnt_hodl

yes, do not expose your public key, not that hard to do Satoshi coins are all exposed and some others but most BTC is fine but think for a moment what would happen if you get the private key for one of Satoshi wallets. those are still not your coins. no exchange would take them unless you can prove that you are Satoshi

HamburgersOfKazuhira

Co-sign on Cash App. I direct deposit 5% of my biweekly paychecks into Cash App which has an auto-buy set up for BTC when the money hits. Set it and forget it.

chazsheen

What non-crypto business corporate treasuries are holding BTC or any other cryptocurrency for that matter on their books outside of Elon Musk’s and Jack Dorsey’s companies?

sidestyle05

Have you ever been in BTC before this cycle? This is the best BTC has ever performed after the 4 year cycle ended, lol. 47% down from ATH is actually a huge improve. It easily could have been down 80%. It’s a bear market, nothing out of the ordinary at all

SamQuentin

Why would anyone need crypto or BTC specifically

whetherwhether

Didn't think Saylor selling 32 BTC would be this cycle's FTX.

KCConnor

I went through similar several years back. I said I would cash out my BTC when it was worth enough to take the weak 3.6L engine out of my Jeep Wrangler and put in a Hemi V8. Sure glad I didn't do that, since my wife crashed my Jeep and insurance lowballed me heavily to where I couldn't replace the vehicle with what they gave me. But it wasn't the crash that stopped me from that plan. The plan changed to "I'll cash out when I can pay off my house with it." And I wizzed right on past that one, too. About 25% of my Bitcoin bought me a rural acreage, and left me a tiny bit leftover to reinvest this cycle (on top of my 75% HODL). Getting close to jumping back in soon. I want to take 25% out again in fall of 2029 and build on the property. Then 4 years later I want to retire. I'll be 55 at that point.

theultimateusername

You know 2021 started the year at 28k BTC right? Then 30 Then 35 Then 40 Etc etc The average weighted price for btc during 2021 is around 43k if you bought the same amount daily throughout the year

AsbestosDude

You realize "BTC will be the least of our worries" is literally admitting quantum computing does threaten Bitcoin, right? You're just arguing about timeline and relative impact now

N0R04dR4ge

Bitcoin winter. It’s a real thing. BTC should bottom in the fall. It’s not just a theory..real world economics play into the cycle. Along with the market makers..we just sit and watch.