BTC

iiGoodVibesii

848k Bitcoin owned by MSTR Strive's new BTC total is 33k and MSTR has the lower mnav, too.

Coleyx123

Regression is key. That's why I store my keys on a typewriter. Dapps don't load for shit, but I'm basically just printing BTC like the US prints money.

iz_raymond

BTC is an assets, not fit for currency. You will be the same people that crash out when that happen and BTC price stay stable, no more x5 x10 upside (as currency should). The same people that cry about BTC should replace Fiat are the same people who WILL NEVER use BTC as form of payment/purchase in the first place. Lol

RareVibeDelight

Whoa 😳 Bitcoin absolutely has fundamentals. Fixed supply capped at 21 million BTC Predictable issuance and halvings Decentralized, permissionless network Proof-of-Work security Global, censorship-resistant transactions Anyone can run a node and independently verify the rules No central authority can arbitrarily print more Bitcoin Price speculation and fundamentals are two different things. You can debate Bitcoin’s valuation, but claiming it has *no fundamentals* ignores the technology, monetary policy, security, and infrastructure supporting the network. That’s precisely why I run my own Bitcoin node. Don’t trust. Verify. 🧡₿🚀

jaybro57712

We pay you in Bitcoin on Glimpse (https://www.glimpse.trading/). You can forecast the future of Bitcoin price and get paid in BTC if you predict correctly.

fresheneesz

> you can have big BTC exposure without owning a single coin Ok, sure, you can have "exposure". But that's just betting on the price of bitcoin, and unless someone in the deal actually buys or sells bitcoin because of it, it has absolutely 0 effect on the price of bitcoin.

genius_retard

I just worry about over complicating things and losing access to my BTC.

genius_retard

Yeah, pretty sure I agree with you. I just worry about over complicating things and losing access to my BTC.

KernalHispanic

Search all your emails if you haven’t yet. ChatGPT can give you key words to search for. I found an old email from Slush pool (now Braiins Pool) . I logged in and saw I had like a fraction of a cent worth of BTC from 2016 haha. If you find them because of this feel free to throw a fraction my way 😭

GloryIV

Moved all of mine out of cold storage and into a Fidelity crypto account. Serious peace of mind. Fidelity can manage the security. If something happens to me, my BTC passes seamlessly to my designated beneficiary, who does not have to know anything about BTC. If I wanted to I could send the BTC right back out to my wallet very easily.

thebaldmaniac

Krak and Nexo for me. Mainly Kräk though their cashback in EUR or BTC works for me. Nexo has crypto credit and good cashback as well but the way they do conversions is not a good deal for EUR natives.

thebaldmaniac

No one is paying in crypto through crypto cards though. It's just the card provider converting the crypto to fiat, keeping the spread and paying the merchant. Until merchants actually start taking BTC or ETH or XRP or whatever, no one is actually paying with crypto. It's just a off ramp to fiat with fewer steps.

malacosa

I’m holding it because I know the only way out for the US debt is to inflate it away which mean the value of the US dollar (and likely every other fiat currency) goes down. BTC will hold its value. So I’m holding as a hedge against inflation. If you don’t like BTC, then hold gold, but it has to be physical gold.

gkibbe

I did for several years when I had to cash out to cover expenses for me and my wife moving in together. I gave her the card and kept it topped off with BTC sales

VollcommNCS

Most users aren't trying to spend crypto. Wait until protocols like Anvil take off. Get instant usdc credit lines based on the assets you hold. Lock those assets as collateral and never send assets like BTC again. Borrow against your own assets and change the whole game. Admittedly, you need to have assets to use this. So it's not going to appeal to those that need credit and have no assets. Eventually the protocol will allow all tokenized assets to work for you. The Founders Fund backed by Peter Thiel just put 5 million into Anvil Protocol last week.

xaviemb

They will learn the hard way. People who understand Bitcoin, and safely store it in Cold Storage are not impacted by Bitcoin being stolen or sold. Only those who plan to exit Bitcoin for USD care about that. When you've made it to the next level of understanding you realize BTC = BTC... and its value in USD only matters one direction (moving into it, not out).

Feriman22

I just stopped trying to guess when the bull market "should" happen. If the regime turns bullish, great. If it doesn't, that's information too. My public BTC/ETH/BNB tracker is built around that idea instead of trying to predict a date.

magus-21

Yeah, I was trying to allude to the fact that his solar was only *subsidizing* his BTC mining, which means that he was still paying for electricity. If he wanted free heating, it would've been a lot cheaper to buy a smaller solar setup and a heat pump and get the free heating that way, and he probably would've saved money.

magus-21

>The point being that if the BTC pays for your electricity, then the heating is free. Even if a heat pump is more efficient, it isn't free. At a domestic scale, BTC doesn't pay for electricity and it hasn't for years, at least not in the US.

cstobler

The point being that if the BTC pays for your electricity, then the heating is free. Even if a heat pump is more efficient, it isn't free.

Full-Astronaut7576

I would say you are getting old, and at the same time you are discovering Bitcoin. Same time but no causality.  Concerning BTC, good job. Youve reallzed lots of things. Spending is kind of useless, power, status... I really think BTC has some 'spiritual' component. I agree with some comments: just go to the gym, eat healthy, read books, be kind to others, master hobbies, save money, travel a bit... 

normandocommando

BTC is inevitable and it's just the beginning. It will become the world's money for the next few hundred years if not 1,000 yrs

EmbarrassedDingo9467

Good point, I didn't separate beta from positioning and some of this is just high-beta alts doing what they do in a flat BTC tape. The funding flip on the first bounce is a nice tell, I'll watch for that. If funding goes positive while long % stays at 75%+, that's the same crowd re-entering.

jasonslpt

BTC's sitting right on top of a big long cluster around 83.2K, with shorts stacked just above near 83.5K, so it's a tight squeeze either way. My lean is down, the 83.2K pool goes first and then the 80.1K area is the magnet. That's wrong if price reclaims and holds above 84.15K. Leverage longs parked right under price are basically a free lunch for the market. Not advice.

jasonslpt

Rotation into ADA looks nice on the chart, but it's swimming against a tape where most of the last day's alt liquidations were longs. If BTC slips through the 83.2K area, alts usually take the harder hit, so I'd want ADA to hold its breakout on that dip before trusting it. Wrong if BTC reclaims 84.15K and holds there. Somewhere a 50x ADA long is being financed by next month's rent. Not advice.

Feriman22

Separate beta from positioning first. If BTC is flat while high-beta alts bleed, part of that can just be market structure, not crowding. That's why I track BTC/ETH/BNB with a public rule-based regime system and interpret positioning inside that context.

Feriman22

Before choosing the coin, I'd look at the market regime first. I made my current BTC/ETH/BNB regime status public for exactly this kind of context. It won't tell you what to buy, but it can help decide whether going all in now or scaling in makes more sense.

ubermensch1001

They would know that you had bought a ledger but would NOT know what you have bought or are holding. Some examples of this though would be the Celsius bankruptcy case, creditors that were involved with that had their holdings on there leaked. For instance, Matt has 100 ETH and 3 BTC at time of bankruptcy, they'd be able to see how much Matt would have gotten back with distributions but would NOT know if he had sold or bought. Same here, they know you have a Ledger that you bought but for all they know you could have $100 in BTC or $1,000,000. A bigger risk, like in France, would be those who have sold and had their capital gains taxes that showed this.

Suspicious_One_825

And if is below $500k, that means everyting is fine with world economics? :D Bro, the whole purpose of BTC is to save us from world economics!

totallynotexciting

Right. That’s the actual argument. Yea if it happens it’s not good for the 99% but BTC could drastically counter that by being the ACTUAL store of value.

unknown-one

where can I find these exposed BTC keys? asking for a friend

Gears6

> That's true. Really, I should have also said that you should only trust fully open source code which has been thoroughly vetted and tested. SeedSigner's code is a perfect example. They obviously test their code, just like how Ledger tests Ledger's code. But... SeedSigner's code is also used and thus battle tested by other devs in their own work. ShieldSigner is just one example of other devs building on SeedSigner's work, and the dev behind ShieldSigner often participates in improving SeedSigner's code. Let's assume a software engineer, but there's no way in hell I'd be able to spot security issues with open source code. I'm not an expert at this particular topic, nor do I spend significant time trying to break encryptions or vulnerabilities. That's someone as a software engineer with decades of experience. So that's the one hurdle, which indicates you do have to rely on others. If you rely on others, and you say it's "battle tested", you could argue Ledgers were battle tested and used for a long time. Buying from an authorized reseller was also "battle tested". This is the weakness of a system that removes the human, and the ability to stop or withdraw transactions. Every system has it's pro's and con's. You just have to pick your poison. > Stateless. The seed & wallet aren't saved on the device, which means there's nothing on the device if thief to steals it. Doesn't that imply you have to store somewhere else, and I hope that's only in your brain. > Last, but not least, I swear by owning a safe and using home automation sensors on the safe. If my safe gets opened or moved, I instantly get notified on my phone, computer, etc. This kind of home automation is easy to set up, and it's cheap too. Aqara sensors are great. $60 total. I've not dabbled in this, and I'm interested. Tell us more oh master? 😁 I'm serious. I'd like to know more. I'm building out a home server right now (finally after wanting to do it for some time so it's kind of the perfect time), but there's a lot of work. > Self custody comes with self responsibility, so you have to think like an attacker to figure out how to avoid vulnerabilities that get people robbed. To be fair though, you alone isn't likely worth the theft of your BTC. On the other hand, if you're filthy rich then all of that may not be sufficient. Because they could surely hack your home automation and so on. Security isn't about 100% secure, as that's usually not possible. Even if you memorize it, they can still torture it out of you eventually, and even if not, one day we might invent technology that can interpret your brain sufficiently to pull it out. Point is, all of that is great, I believe you're safe. Even I don't go to any of that length, and trust my crypto to the major exchanges. > I know the above list reads like a lot of work, but really, it's not. The more you learn about what a seed phrase actually is (it's entropy) and how transactions are signed, the easier it gets to keep your Bitcoin safe. I think everything you're saying is reasonable from technical standpoint right now, but things change all the time. People out to steal your money is spends arduous amount of time, and there's whole armies of people doing it. So they will out-think us. Plenty of battle tested software have been open sourced, and is used for decades. Constantly maintained, that is vulnerable. All it took was someone to look, or have AI look.

Material_Potato8466

Kind of an odd day so far with only BTC up and none of the other majors following.

fgordiano

I do not feel happy when BTC goes down :(

Truthfullyseeker

Yes just pay me in BTC yo!

VettaQ

Point 1 has a mechanical component worth separating out: in a flat-BTC tape, high-beta alts bleed by construction - that part is beta, not positioning. The cleaner way to isolate the crowding effect is to compare each alt's 24h move against what its historical beta to BTC would predict, then read the residual. When the residual is consistently negative across the 70%+ long names, that is the positioning tax. One more thing to watch: whether the slightly negative funding flips positive on the first bounce - that is usually the tell that the same crowd is re-entering.

Decent_Taro_2358

The price has been pretty stable lately. If it doesn’t increase, 0.05 BTC is £3.150. It takes 31.5 months to reach that with £100 per month, so about 2,5 years. If Bitcoin increases in price the coming years (it probably will), it will likely take 3, 4 or even 5 years.

UniversityHelpful823

It's not a conspiracy theory, it's just how derivatives work. CME futures, options and perps are cash-settled, so you can have big BTC exposure without owning a single coin. Perp volume and open interest regularly dwarf spot, and liquidation cascades there move the spot price. They also don't "bankrupt themselves" if BTC doubles. Market makers hedge. The ones who don't are the ones who blow up (FTX, Celsius). And you're right that spot ETFs hold real coins, but that's only one slice of the market. Nobody has to be secretly manipulating anything for paper exposure to move price. That's just leverage and derivatives.

WeeklyStockWatchlist

BTC to 225K after this next super cycle

WeeklyStockWatchlist

I have been buying BTC little by little everyday since it was 50K... Send the ripper

terp_studios

The point of BTC is that no one can ever make more. It’s very simple.

equity_zuboshi

> See this is why I hate the BTC community. This is how the BTC community works: * a few old cipherpunks post good advice, but its tremendously unpopular and is downvoted to nothing * lots of dunning kreuger geniuses post bad advice, like "buy a hardware wallet" and its upvoted to the sky by redditors and hardware wallet vendors * new users listen to the upvoted posts and get robbed * someone like you posts a gripe about how negative the community is and nothing is the user's fault reddit has turned out to be highly toxic to bitcoin in the end, its a fountain of bad advice and the scarce bits of good advice, while present, are nearly always hidden in the downvotes. And the worst part is that its not even hard to do it right, its falling down easy. I suppose that is expected from the oldest rule of opsec: good security advice will always be hated.

MinimalGravitas

The threat is that if the public key has been used then a successful quantum attack could derive the associated private key. If a wallet has never made an outgoing transaction then it is not vulnerable to the threat. Modern Bitcoin wallets do not reuse keypairs (i.e. the 'change' part of transaction is returned to a new address rather than the one it was sent from) so only old UTxOs are vulnerable, unfortunately because of the heavy frontloading of BTC issuance there are huge numbers of coins in old, presumably abandoned wallets. What makes this particularly concerning is that an attacker wouldn't need to move the coins as soon as they find the private keys, they could just quitely run the attack offline until they had control of however many of the old addresses they wanted, then start moving them all in quick succession, presumably while shorting the price of BTC to take advantage of the panic when the attack is noticed. The fact that your comment has been upvoted is sadly indicative of how little people understand this conversation.

Ok-Mango5075

I asked grok if it was possible to make an android app that can sign a BTC transaction as a stand alone unit. Yes but just slower. A pile of tech reasons mainly to do with having access to servers that hold the blockchain. I would consider switching to a single install simple slow signer that never gets updated and is always secure. Input seed and setup with a system similar to Mycelium which I use now. Mini Mushroom sort of.

InjectiveRocky

I could see BTC being significantly higher by 2030, but adoption matters more than any price target imo. If tokenized assets and onchain finance keep growing, the infrastructure around crypto will matter just as much as the assets themselves.

Blade_Runner_69

Also when bitcoin goes up we are unhappy because we missed the dip and when bitcoin goes down we are unhappy because we ran out of fiat for the month to buy more dip.... The duality of BTC 😅

hoppeeness

I agree recently but alts were ahead of BTC so to me it’s even…usually alts follow BTC so the fact they jumped ahead and are now just back a bit but still higher than a month ago for most. Zoom out

FX_King_2021

True, the point is there’s no safe country if your large BTC holdings are leaked online along with your address. It’s just too tempting for criminals to ignore, and they don’t even need to be from the same country. In many cases, criminals travel across borders to target people, just like OP.

UniversityHelpful823

Bitcoin isn’t what it used to be anymore. It was supposed to be a decentralized, scarce asset outside the control of traditional finance, but Wall Street and institutional players have found ways to influence the market through ETFs, futures, and other paper Bitcoin products. They can create massive exposure to Bitcoin without necessarily buying and holding the actual coins. This means the price can be heavily influenced by derivatives trading, leverage, liquidations, and institutional capital rather than just real demand for BTC. The 21 million maximum supply still matters because you can’t create more actual Bitcoin, but the problem is that the market can trade far more paper exposure than the amount of BTC being directly bought and sold. In other words, scarcity still exists on-chain, but price discovery can be distorted by the financial system. Bitcoin may have a fixed supply, but that doesn’t automatically mean its market price is immune to manipulation anymore.

bitusher

that good that you stopped using them. I would suggest you also stop using the term "25th password" as that term has led to many people losing their Bitcoin especially since we know that 1 , 2 , 3 and even 4 words extended passphrases were being compromised with the cold card exploit This is a horrible term Ledger started marketing which confuses many new users into believing the 25th word passphrase is a single word. Passphrases = **multiple** words , passwords = often single words+extra characters, pins = small set of numbers The extended passphrase should be at least 6-8 random words at minimum to be secure. There is another problem here with that term as well, it insinuates that users should keep the extended passphrase backed up with the existing 24 seed words because its simply another "word" needed to recover the wallet along with the other words (12 to 24) which is incorrect. The extended passphrase would be backed up but kept separately from the 12 to 24 word backup seed. Also there is a third problem with that term as it insinuates that there are only 24 word seed backups and the extended passphrase is the "25th word" which is also wrong. Seed word backups can be 12, 15, 18, 20, 21, or 24 , with 12 being the most common. >Never had a paper wallet get hacked though Many people lost money over the years with these older style paper wallets and for many reasons . One of the main paper wallet generator sites that used to be "legit" became malware and was stealing everyones BTC as one of many examples

sabrina-m-779

A useful distinction is BTC price exposure versus mining-operator risk: power contracts and hardware replacement can change the economics even if the coin thesis stays the same.

sabrina-m-779

The video can be real without proving the 1000x: that depends on his original buy price and how much BTC he kept. A wallet trail could help substantiate the holding part, but the video alone can’t.

Tall-Ad1293

Draw enough purple lines and BTC will eventually go to the moon.

Consistent-Ruin-9488

Nothing wrong with diversifying. I never said go all-in on BTC. But it could outperform other assets and it’s easier to invest in than some others.

Dwaltster

Yeah, he won't. Everyone is confident until it's time to bet against BTC

Zestyclose-Hunter-70

Lol you are making this sound way more complicated than it needs to be. Just put your money into S&P and BTC and you are good and 95% of people are not bad with money, they simply have no money to imvest in the first place

OssoBlanco86

I took my bitcoin and put it on coindepo to let it compound and will most likely never get rid of it. I have recently focused on BTC ETFs in my portfolio which seems to be the way to maximize it’s potential along with other types of crypto that show long term promise, to each their own, good luck!

Steel-Tempered

BTC is mostly meaningless to me aside from profit potential. I don't know why anyone would emotionally invest in any sort of commodity. I have two cheap miners trying to win a block in a lottery format. That's all my investment in BTC amounts to. I bought about $50 of BTC just to see if it goes anywhere, but not planning on any more purchases. If I find a block with my miners, I'm cashing out the 3+ BTC reward immediately to pay bills (and the taxes on the reward itself). I see no future in BTC as a currency or even as a stock investment. It's far too volatile to look at it long term. It feels more like a Pokémon card pack type of thing where you buy a couple packs once in a while and hope you got a rare one in there that you can immediately exchange for cash. Am I losing sleep over this? Nope. Bitcoin is nothing to spend away your life on, financially or emotionally.

Tallwhitedude123

One day you’ll wake up and BTC will be at the HEAVENS aka $1M 👌🏿🧔🏿

Reach_Beyond

I agree. Anything at or above $500k+ means something has gone quite bad with fiat and world economics/inflation. If BTC is at $1M by this point, I’m scared to see how fiat currencies look around the world

georgejetsonn

> in terms of Bitcoin as it was intended (peer to peer money) the ETF is worthless By that argument, so is putting your life savings into BTC, as it was not originally designed as a store of value. People will use Bitcoin by whatever the flavor of the year narrative is

thrwaway1614211

If the only reason btc rises compared to USD is USD inflation, then BTC did not rise at all......

Creepy-Key-2294

To me it looks like the bottom is being bought now, in relation to a usd deprecation coming in the years ahead. By the bottom i mean a large bottom, from 60-100k area, so for eg once Gold appreciates to say around 7000-8000 I see BTC to double from this base. I wouldn't be thinking that DXY deprecation as a catalyst as most other currencies will move together.

Feralz2

thats not really how that works, blackrock is not in the business of holding BTC, they are in the business of extracting fees, it wouldnt have been the right time 10 years ago.

icnews10

Forex Factory is still useful, but it won’t tag events as 'BTC events'. For BTC, I’d watch high-impact USD events such as FOMC, CPI, jobs/NFP and PCE on Forex Factory or TradingView. Then, I’d use CoinMarketCal separately for crypto-specific events such as unlocks, upgrades and listings. However, I’d be careful with any source that claims to know beforehand which events will “highly impact” BTC.

gordonfr_

Taking BTC with you whereever you go, is the main application for BTC today. What is left?

gordonfr_

One should look into tax situation too. In my country, it is more tax efficient to hold and sell BTC, Tax will matter if dreams here come true. But yeah, with all that regulation now, ETF is the future.

sylsau

You cannot be certain about this point. The only certainty you have is that central banks will continue to print ever-increasing amounts of fiat money out of thin air, devaluing the purchasing power of anyone who fails to take precautions. In contrast, you have a guarantee: that there will never be more than 21 million BTC in circulation. This guarantee alone makes all the difference when taking precautions against the implosion of the current system—an event that will eventually come to pass.

sigh_duck

Honestly, I don't blame you. I just dont want to go through the rigmaroll of selling my BTC, fiat conversion and then ETF purchase. If only I could do it with a native BTC deposit straight to the ETF provider.

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eltuna3636

Buy an etf, people here hate it but 5 years from now it’s what 90% of regular BTC holders will be doing

superfatman2

BTC leaving one criminal empire to another. The US is just a mafia

sspecialists

BTC will likely go up, down, and/or sideways by 2030, and, thereafter, by 2032.

sylsau

“It’s in cold storage” shouldn’t end the conversation. Glassnode’s October 8 snapshot puts **1.79 million exchange-held BTC behind public keys already visible on-chain.** These figures measure exposure—not stolen coins. Cold storage keeps private keys offline. It cannot erase a public key from the blockchain. A sufficiently powerful future quantum computer could make that distinction matter. Here’s the uncomfortable part: **When you outsource custody, you also outsource the timetable for protecting your money.** Does your exchange have a migration plan it can explain—and test?

Financial-Milk-7488

I think it depends on many factors. I think realistically 2030 sounds like it’s super far away, but it’s less than 3.5 years away. Things like this take a long time to become normalized and adopted. Think about how little the public “retail” investors really know about BTC. Most people “know what it is” but most people don’t truly know what it is. Especially the main class of people who hold most the wealth (baby boomers and older people in general) have basically no clue what BTC is (on average obviously, not saying any older people don’t know). Also at an institutional level. We’re seeing that start to happen, but honestly I think the CRAZY price levels and gains will happen once BTC becomes the reserve asset of all the major world banks and governments. In my opinion, that isn’t if, but when. And when that happens, it wouldnt surprise me if BTC climbs over the $100T market cap. Overall I think we’re WAY early to BTC and have hundreds if not thousands or years of BTC relevance. If I had to give my absolute best guess, as realistic as possible I’d guess $200k per coin by 2030. TLDR: 2030 isn’t that far away, $200k

classygorilla

Oh, easily. 90+% of people who hold Bitcoin probably only hold it because it's value skyrocketed and actually know very little about what it is. I agree with the other poster, Bitcoin honestly is a fucking trash currency. It just is. It's too complicated. Even the very nature of how it works when it works right offers zero consumer protection. I can and have used my credit cards charge back feature several times. Bitcoin? Fucked. It's gone. I consider myself somewhat savvy about how to use technology, have done the basics for cold storage etc and I'm sweating every time I need to move my BTC and I don't even have a lot. Between that and the swings and more and more it seems to be losing its appeal.

hodler1992

I have the feeling that 1 BTC gonna be 1 BTC 🤯

GreenStretch

I mean it's kind of true, hard for me to keep money in checking or saving, but BTC just grows in the long run and most of the alts I had grew until I got my lambo^(new model of my 20+ year old car).

helen_3410

A flat dollar quote leaves out the benchmark: compare LTC to BTC over the same dates, which is what that pair chart captures.

Least-Dingo-2310

BTC literaly grows by 30% from bottom to bottom

Gitanes

10k. I think we are heading into a big recession. BTC will need to get rid of Saylor first before it can pump again. And that will be painful.

CableDeep8520

If you want to just hodl perhaps consider saving your BTC in a Bitcoin Core node with a VERY STRONG AND LONG password. Backup the wallet.dat to several locations. no entropy issues no supply chain issues no physical loss issues no seed phrases on paper issues no device failure issues. Just a small file to save/backup and a good password to remember/safeguard.

Ukire

You absolutely should not have the amount of BTC represented by $. I get the sentiment but this looks like slop and literally makes no sense.

CyanDew

the peace of liminal BTC

Ok_MakeSomeMoney

Coming from experience it looks like what happened was the supplier sent the units somewhat unfinished. With about 100-200k worth of equipment in 2010 We could mine 30 BTC a month for around a year before the has rate caught up.

EuphoricChallenge890

In theory, the ETF you hold will buy BTC if it is a spot etf and that company issuing the ETF will hold it

JohnBrownisMarching

The Liminal BTC piece

Molasses_Calm

You all don’t see any correlation between BTC price action and the nasdaq? Nasdaq futures just dropped 180 after hours.

Gears6

> I would put my entire savings into one random pharmaceutical company’s stock before BTC again. Why not put some in both, and some other companies? I do.... There's no guarantees and so I wouldn't put all eggs in one basket. You can be concentrated, but not one fatal blow and you're completely out.

Gears6

Yup! I think this is the reason that BTC/crypto can't become a replacement for fiat. It's because, fiat has evolved over time to deal with the sort of things that happens when we have humans involved. It's not simply just trusting the government, but also trusting the organizations handling your money and doing transactions on your behalf.

3cWizard

Did you just end up selling BTC, pay the taxes and then buy in for the ETFs? You lost a chuck to taxes?

Falkenmond79

Yes and no. It was always the three factors of running cost (ie cooling and electricity), initial hardware cost (how long it would take to recoup the initial cost; that was usually 6-12 months and then you would have to still be able to contribute a decent amount… which is problematic since difficulty used to go up and up with the total number of people and hardware Mining) and the current reward per amount of processing power. So, it was always mostly only profitable if you could make a huge initial investment and had cheap electricity. That way you could hope to „beat the odds“ so to speak and go not for pool mining, where you get a fixed amount depending on your mining power, but try and solve blocks yourself. It’s a gamble. Pool mining is usually less but steadier. Finding blocks yourself is absolutely impossible though, unless you have a measurable percentage of computing power compared to the total network. Meaning, the more people are mining, the more difficult it gets. So actually the more of these mining operations fail, the better for the remaining ones. Their share in the total pie gets bigger. But there is a catch. The reward for finding a block gets smaller after a set amount of time. It used to be 50 btc in the beginning for each block found, but quickly reduced to 25. back then I actually found one, with only my measly GPU. Too bad BTC wasn’t worth anything back then. 🤣 But in this case: You don’t have any initial cost. The hardware is just lying there. But it’s probably outdated. So running it vs the electricity wouldn’t be profitable anymore. BUT if you remove that as its primary purpose and instead make heat the actual purpose in order to save on other heating cost, you could as well make it do its original job and mine a few fractions of a bitcoin each day. Might not be much more than a dollar a day or so, but add to that the saved cost in heating… In actuality though, other heating methods would probably be cheaper, per watt of heat produced. But it’s a fun thought experiment. The removal of initial cost of hardware is a big chunk of it.

amputeenager

isn't that the guy that stole everybodies BTC from MtGox?

Educational-Oil-9841

I stopped trying to time it. During the quiet stretches I just park the stablecoin part somewhere that pays something so it's not completely idle while I wait. Been using CoinDepo for that, fixed rate, nothing to do. It's centralized so you're trusting a company and the rate isn't going to make anyone rich, but it beats stables sitting at zero on an exchange for a year. When things pick up I rotate back into BTC and alts.

draculap2020

BTC with no trust mechanism but people use trust for buying cold storage, trusting online exchange ,trusting the store where you are buying. Titanium door and Plastic wall scenario.

Brady113

Same. If it’s now in a bull market then that’s a little disappointing for those who thought it would go lower, but it is what it is and there will be other opportunities. People act like BTC is the only thing you can invest in haha

swiftrobber

Damn bro you must be the pinnacle of what is wrong with BTC community

Vipu2

What will happen to BTC when 95% of people have ETF and very few have actual BTC?

LeviatanSignals

This is absolutely heartbreaking. 🔱 0.9 BTC is a life-changing amount, and losing it due to a failure in Apple’s 'trusted' review process is inexcusable. For anyone reading: This is a brutal reminder that 'Official Stores' are not a guarantee of safety. 1. Always verify the app link through the project’s official website/Github. 2. If an app asks for your seed phrase, it’s 99.9% a scam. 3. Use hardware wallets for anything above 'spending money' amounts. Really sorry for your loss, man. I hope this post gets enough traction to force a response from Apple. Stay strong. ⚓

usedmattress85

Yeah I’m Canadian. We’ve have ETFs years before the USA. I’ve always held my BTC in an ETF, mostly because you can do it in a Tax Free Savings Account so tax free profit. Whereas pure BTC you cannot. Choice is obvious. Plus I’m a dumbass that really can’t be trusted with the keys.