BTC

BuiltToSpinback

Been hearing this since 2019. So glad I sold off the crap and put it in BTC. Made way more money that way

tomsawyer222

Holy crap, all those old projects are dying off and if you said this a few months ago, massive downvotes, but what will be left? BTC and ETH. Vechain still my biggest mistake but not because it's half dead if not dead, but I didn't sell at the top and panic sold it just before on pandemic day dive.

seckkesketch

When I first heard about BTC I laughed and thought what a stupid idea!

TheresNoSecondBest

>how to adequately handle never ending FOMO? The FOMO stops once you reach exactly 6.15 BTC* ***Scientifically proven.**

maxis2bored

BTC ETH LINK These 3 can literally do it all, and they have the market cap and history to weather a storm

vossie223

Where is the meme of the dude with a stick poking BTC to do something?

Bred_Slippy

Not thinking BTC's a bitch is a good start. 

JimmySki6166

I’ve been purchasing $1k of BTC weekly since 2022, regardless of the price! Holding for my daughters future

TheresNoSecondBest

>Bought BTC at $109k and feeling the boredom. I bought BTC at 120k. Also at $110k. Also at $100k, and $90k, and $80k, and $70k, and $60k and not feeling any boredom at all. >What's your long term strategy right now? To buy some sats at $1m. Also at $10m, and $100m...

mikkeltaylor1

Luckiest and unluckiest. I inadvertently bought 1 BTC in 2012 when I just wanted to donate money to a site. Had no idea I was buying bitcoin. However , found out 12 years later an old email with a wallet address and managed to enter my correct password and discover I still had some left

TexFarmer

So how will you spend BTC without electricity? It will always require electricity to run and maintain the ledger; otherwise, it is unusable.

photon_lines

It's not a buy and forget: you people don't seem to understand zero-sum games so I'll break it down for you -- BTC is not an 'asset.' It is not physical nor does it produce anything of value. The people on here trying to get rich on the 'buy and forget' strategy are about to figure out a mathematical certainty: for every buyer -- there is a seller. For every profit generated there must in the end be a loss due to the fact that you're depending on someone else to buy the virtual 'coin' that you're holding. I'll let you figure out the rest but you should look into the Tulip craze which happened a very long time ago. You're going to disagree with me on this, but you guys are partaking in exactly the same thing :)

Longjumping_Daikon44

There will be some fees but not holding fees just transaction fees when you buy and sell, BTC has been down from 86k during that time but he could sell now and get you most of your money back if not all now at this point unless he spent it or sold it early a while back

unpancho

Plot twist: Daddy sold his soul for 1 BTC

b1mm3rl1f3

2 more days until the bears get the $30k BTC capitulation

Tr1ckst3rs

Your account is 100% closed by the AML team for potential gambling facilitation. This kind of BTC deposit from high risk exchanges (such as gambling web sites) and you probably tried to send out to other exchanges or withdrawn them to any other account is the reason. Legally if you prove your source of funds, you should be able to get em out and never work with Coinbase...

BuiltToSpinback

BTC

slasherzx

Too many VC funded projects. I'm happy they went to AI now. It's great that Ergo is still building and it's bridge is connected to a lot of chains (BnB, BTC, doge, Ada, Eth, btc runes, and Firo) and will connect to more. (Monero).

East-Cricket6421

It got front run. BTC went from 60k range to 80k range just before Oct arrived. What more do you want?

Feriman22

Right now my rule-based regime tracker still has BTC, ETH and BNB in a sideways regime. I’d rather wait for an actual regime shift than assume a rally from a calendar pattern alone.

toddycoin

I think ONLY SAYLOR owns BTC, and the rest temporally holds (trades) in CEXes..so it is with poor people..

TheSauce775

This is the entire point of wallstreet.. they are trying to get AS MUCH BTC AS POSSIBLE into their little ETF wrappers, so that THEY control the bitcoins, ughhh im sorry to hear it man, such a tough decision.. maybe move to isle le man if you can? I know of a very prominent bitcoiner that lives there.. just gotta find a tax haven to keep those private keys in the jurisdiction of

Peytonmoon6969

BTC isn't the only flavor of Bitcoin

Peytonmoon6969

This guy knows that BTC is slow and expensive to transact. 7tps won't be the highway for agents

Peytonmoon6969

BTC isn't the only version

Puzzleheaded-Tone501

Se lo gastó, está esperando q suba BTC 124k para recuperar

MrMoo151515

This is a good point but it’s breaking my brain trying to think it through. The majority of that 900T is Real estate, Land, and the bond market. The bond market being literal Debt. And a significant percentage of real estate being debt. Aka not real money just a claim against something to be paid back with interest. And then we have stocks, which people only put fiat into because their currency is being debased. Wouldn’t BTC directly attack each and every one of those asset classes by nature? My brain literally can’t connect the dots but your comment has me thinking. All of those stores of value, wealth preservation/accumulation and FIAT games only exist because people are running away from holding the dollar. Under a BTC standard you would have to think the ratio of currency to asset global wealth changes drastically. And it feels like the only way that doesn’t happen is if BTC only becomes a store of value instead of an actual currency. If it stays a store of value people will paper over it like gold. If it becomes a global currency where people earn and spend in Bitcoin doesn’t it have to by nature become the largest percentage of global wealth by far? Maybe I need to go back to sleep lol

toddycoin

so all they need more printing machines to run the non-stop print.. Already eveyone is paying higher price of every action taken by Govt., so what power people have, save in gold, platinum BTC or another form?,

pk9417

Well, it's not black Market, BTC was always intended to be peer to peer by people to people and not over exchanges

GaseousJamal

Same price but somehow it feels expensive only after you had a year to think about it. This is why I keep long term BTC separate and use moon for the short term up or down itch. Mixing the two turns every flat year into an identity crisis

Wait_for_You

Unfortunately, as many have comments already, you friend no longer has this money. If you don't feel confortable enough to buy BTC in the regular fashion, you should take advantage of different ETF in the market. Some below and there are more * **iShares Bitcoin Trust (IBIT)**: Managed by BlackRock, this is the largest and most liquid Bitcoin ETF on the market. * **Fidelity Wise Origin Bitcoin Fund (FBTC)**: Offers deep liquidity and uses Fidelity's own institutional-grade custody setup. * **Grayscale Bitcoin Trust (GBTC)**: One of the oldest Bitcoin funds, though it carries a significantly higher fee (1.50%) than its competitors.

Particular-Day5652

My aha moment was realizing that owning BTC and betting on its price are completely different things. Bitcoin is the long term asset while a quick up or down call on moon is a capped wager. Once I separated those two the whole space made more sense

infinityminity

Yeah I guess thats an issue that cant be solved though, for example I've bought a couple of hardware wallets over the years, and was in the ledger leak, and theres no going back and hiding that now! I mean I'm a small fish in the scheme of things, so Im not too worried. I just realised my opsec was not really great and I should sort it out. I am going to move to a BTC only wallet, and was wondering...I read somewhere that if you send everything to an exchange first, then to your new wallet, essentialy you sever the link between old wallet and new. This seems like a good thing, as anyone who was possibly watching the old wallet could just think it had all been sent to an exchange to be sold. But i'm unsure about all this i'm not planning to do Multisig currently. I'd say the amount I have is probably pretty insignificant to a lot of people, so I doubt I'd be a target. But who knows, over time as value increases. Also, I just want to get security and privacy sorted and forget about it, rather than always wondering if I should have done things differently All of this was triggered by the Cold card thing, which freaked me out!

OrangePillar

Did you get 0.0017902 BTC? Thats about €135 at the current price, so you paid a premium.

GlitteringPut3650

Correct but you have to post 2.5x the downpayment loan amount and cannot get your collateral back until you pay off the entire mortgage. With a mortgage (through a loan officer that knows how to handle crypto) and a btc loan you only have to post 2x collateral (save the other .5 for if you do get a margin call), you have no payment on that portion of the loan (significantly lower monthly payment than better x coinbase), and you only have to pay off the BTC loan amount to get all your collateral back. On top of that it has come out that Coinbase is able to rehypothecate and most BTC loan options do not.

subzero788

İf you are buying to hold for at least 2-3 years, then just buy now. No guarantee a dip will come and even if it does, you may then wait for a bigger dip and miss out. There's plenty of people who missed out on buying 16k BTC in 2022 or 3k BTC in 2019, because they were waiting it to did 20-30% more.

dende93

It's wrong to call it a "tax." In reality, that is the true market price of BTC. Exchange prices are discounted, you pay the difference by handing over all your private info to them and to all the criminals who breach their systems (including those who are legally authorized)

Beerzerker420

I get the feeling your buddy thought he was a trading genius, fucked around with leverage, ended up getting margin called and essentially lost all his money. Probably shorted BTC right before it blasted off or something.

EarningsPal

Exactly. A friend would have said, “let me help you open a crypto exchange account and purchase the BTC in your account to hold.” And they would probably explain a hardware wallet and watch you not use it and just leave it on the exchange. That’s a friend helping you invest into crypto. A friend would refuse to take your money to invest into crypto. It’s unnecessary. Too easy to have someone invest it themselves. Plus, taxes. Who wants other people’s money in their name that will go up significantly, now your taxes apply to their money. They will want all of their money and not pay taxes. You will be stuck paying their taxes if they are pushy enough and argue you down.

Efficient_Range1156

there were OGs unloading BTC10,000 in single at-market sales during the peak last year, they don’t give a fuck, but this is bitcoin and greed is the #1 incentive which is fine until these whales sell out and the supply is more evenly distributed amongst holders, these OGs will be the **primary influencers of bitcoin’s price action**

Mysterious_Brief3175

I bought a stock that tracks BTC. I only bought 2 shares for now. I I’ll grab slowly and surely, but don’t know my future in the army right now :(

Living_Wheel_8657

Easy, sell BTC buy bitcoin ETF

MatheSF

Well yeah, that sucks. Unless.... You don't tell NL that you're storing some BTC, and you come in another country to sell it (when you'll want to). I do live in a country with like 0 taxes on crypto market, they only ask my ID for AML, and drop me cash when I sell. With no limits

JimmySki6166

When BTC is at $100k, you’ll wish you purchased at $85k!

sonicode

1 BTC has been 1 BTC ever since I can remember. Thats pretty damn stable.

Agreeable_Ant769

LINK und BTC HODLn. Also dasselbe wie gefühlt schon immer.

Critical_Staff103

If your friend bought BTC on any reliable exchange (BYBIT is very good) it is immediately available and only needs a small transaction fee for withdrawal. It sounds a little like he used your funds to enter a futures trade and is currently in drawdown until the market returns to his entry price (or more realistically a little higher since there are fees depending on how long he has had this trade open for). The only other way possibility for his poor “explanation” (I can’t really make sense of what he’s trying to say) is if he staked (fancy term for earning interest on your crypto) the BTC and it’s locked for a certain period (I think the shortest is 45 days). Hope this helps.

itslosenotloosemmmk

This is my 12th year in BTC so I got in a few years after you. Ive held strong for all these years without selling ( only sold about 0.1 during that time). This next bull run is going to be insane and it’s where I’ll begin to diversify and make the lives of my family better. I know people say HODL forever, but you gotta take reward for your patience as well. Saying that, never sell it all.

corporal_clegg69

So you do not pay fees to hold bitcoin anywhere, if anything people pay you to hold your bitcoin with them. Same as any type of savings. But did you ask him to buy bitcoin for you, or to trade bitcoin for you? It’s a big difference. You should really just ask ChatGPT about this. Sounds like he was using your money for leverage to trade for more and he go hit. You should just ask him to explain exactly what happened and then ask ChatGPT to make sense of it for you, then decide. I bought crypto for a family member before and after a while he panic sold and it was really stupid but he couldn’t understand the situation and got scared that I was scamming him so he pulled the plug. I gave him his money back. He sold BTC at 6k

GoldenTurtle62

Clapp used for this kind of setup, basically letting you keep holding BTC while earning some yield on top, with flexible access or a fixed option if you’re okay locking it for a better rate

maribelyy

BTC does not pay dividends; however, it is possible to earn yield on it through savings products.

Physical_Garbage3150

100% BTC is a play of conviction. Diversification minimizes risk but also minimizes upside.

shortmyass

Sounds like futures trading, so hi has not BTC, he opened a LONG position, so is paying funding fees. It crashed so he was underwater, now maybe breakeven (- fees). If it continues going up he will make a profit and maybe give your money back. So, he is just gambling with your money. Good luck.

tenor_tymir

who told you that? Use a proper BTC wallet like Blue Wallet or Blockstream Wallet.

Accomplished_Cup_517

Man, the comments here are evenly bearish than OP is bullish. However, on the main BTC chart, we actually are in a bullish pattern right now.. Also with the golden cross.. However, anything van happen in this space... Long story short: We must wait and see!

TheresNoSecondBest

>Does anyone here actually put their BTC to work to generate yield? Run a well connected node and earn routing fees on r/thelightningnetwork Here's a good inspiration: https://www.reddit.com/r/Bitcoin/comments/1tggi5t/amaa_bitcoin_lightning_node_operator_authenticity/

TheRadishBros

As BTC doesn’t inherently generate value, I’d be hugely skeptical of any platform that tells me I can earn for staking it.

420knowledg3

BTC - no Boats and hoes - Yes

TheresNoSecondBest

In that case, paying in dollars, instead of buying BTC is "basically selling bitcoin" too.

WHALE_PHYSICIST

They'll want the store of value and limited externalities of BTC

hodler1992

Ok mission understood All-In BTC

ghilliecriosd

The whole thing is ridiculous. I feel for you. I am Scottish, but currently a tax resident of The Netherlands. The situation is causing me nightmares. I cannot believe I moved to the one country that thinks this punitive behaviour is remotely acceptable. I am an academic, I still have a (modest) property in Scotland - I am planning to move back there, taking my expertise and my BTC with me. It will cost me my job, which is bad enough.

alwxcanhk

Your money is gone. Bybit is easy. Yoi can download the app and learn it then ask him to open the app and show you. He probably lost it all on futures. Move on. When u wanna buy BTC, do it yourself.

ThePedanticWalrus

That money is gone, regardless of what BTC is doing it sounds like he had zero intention of returning it.

thepickletony

SOL and LINK would probably be my strongest holds from that list. I like SUI and PYTH too, but I'd personally add some BTC/ETH as the boring core and maybe ONDO for RWA exposure. I'd probably trim CRO before adding another L1 since you're already pretty heavy there. Category-wise I'm watching RWA, oracles/data and AI/compute the most. I keep most of this kind of mixed bag in Tangem too, mainly because once you're holding across this many ecosystems having it in one place becomes pretty useful. Also 90% guarantee is brave 😂 nothing in crypto gets that percentage from me.

sonoskietto

Because they simply don't want people to trade BTC.

Ok-Mango5075

Bitrefill fee / Most gift cards / Face value + small rate spread Check estimated BTC price

Four_0_one_k

Appreciate the feedback - I used live Kalshi pricing to qualify profitability for the period that was available, and simulated for those which were not. I also completed both a parameter sweep, and out-of-sample lockbox, testing 3 separate 12 month periods and achieved repeatable results... It was nice to see win rate and profitability consistent across all 5 classified prediction tiers... Had to make some tweaks to the tranche target when BTC was in the low 60s v the mid 80s, but my targets are \~$150 OTM, and that means something different when the price is 20% lower... Otherwise, everything was in line. Currently placing $25 live predictions, and paper trading a simulated account with $5k placing 7% positions. Will post update on live results when they're in.

Here4theCrypto

Could it also be more as BTC rises due to FOMO? I’m really only interested on the way up, surely there will be dilution however we’re talking large hedge funds and sovereigns stacking at this point so maybe a lot of the sleeping coins just get gobbled up. 250k isn’t a predicted upper limit from what I hear, it’s more like 1M/per.

carnecomarrozagulha

First of all: How does someone put themselves in the hands of another person's whims, like this, voluntarily? If you give money to friends or family, you better expect not to ever see it returned. He's not taking advantage because you're a girl; he's taking advantage because you're gullible, and I hope you learnt this lesson. If you ever get your money back, you need to drop your "friend" for good. Crypto apps don't continuously charge fees for holding crypto. There's only transaction fees, and you should have two, one for buying BTC and other for selling BTC. I don't know specifically about Bybit, but it should be around 0.1%, or approximately $3.60 each transaction, given your amount. Learn about BTC [(here, for example)](https://www.babypips.com/crypto), your country's tax rules on this specific topic, THEN install Bybit, Kraken, Coinbase or other exchange and learn to do things yourself. Start with small amounts and learn from there. It's your money, your life, your future and nobody will ever be more concerned about it than you.

Individual-Solid4842

I was in your position 30 yrs ago but no btc. I travelled in my 20s and loved it. You are mad not to go.... I ended up travelling 75 countries and working in the Uk. Made tons of money. I have BTC bags full and other assets. Now have kid and family and cant do it. So please decide to go...

caruso_antonella5

At the 21M BTC cap, there are 2.1 quadrillion sats, but that isn’t one sat per purchase—the same units circulate repeatedly. On-chain amounts are whole sats; Lightning tracks millisats. Blockspace and fees are more practical constraints than the total unit count.

Remarkable_Gap_3418

People in this thread don't even understand basics and then say there are only X and Y possibilities. Absolutely not. You will pay a daily funding rate if you bought BTC with margin. 

Ashbourne2001

If only I was mature enough to not believe the world is ending in 2012, maybe I would've try to buy some BTC coins as well, I was 11 yrs old that time btw 😂 and I was so scared that I would die without being an adult 😭😭😭

Remarkable_Gap_3418

He bought Bitcoin with margin probably and is paying a daily funding rate. I would bet he didn't buy actual BTC but perps.

The_8bit_Klanker

Only 3 possibilities here. 1. He scammed you by buying a perpetual futures position not a spot position in BTC and your money is gone. 2. His account was one of the ones that got hacked but the exchange was able to reverse most of the damage, so It's possible he didn't do what he was instructed to to redeem anything they recovered. 3. He just straight up scammed you. The percentages are not in your favor either way. Hindsight is 2020, but never mix friendships with "business"! It takes exposure to getting screwed to learn from certain mistakes. I've loaned friends money over the years and still have never been re-payed by more than one. It needs to be life and death before that happens again and I'm the point person. If this helps someone else please take the position to never mix money with friends/family.

GlitteringPut3650

I believe those terms are worse than getting a normal mortgage + BTC loan.

Always_working_hardd

I would like to cast my vote for OP to become CEO of BTC and jack that price up, son!

Charming-Animal-8856

I miss when we could send BTC and it would confirm within a few seconds. I am also in agreement, crypto is just not the same and 2017 was a crazy time for the ICOs and scammers. I just wanna get out and be done with this bs. It was a fun experience but my mental well-being has suffered tremendously.

taquitaqui

I don’t believe there are any fees holding spot BTC in bybit. There is fees on leverage. I think your “friend” scammed you and either lost it all on leverage or just spent it.

TikiUSA

Hard to believe it’s been ten years. I still have coins. I also have EFTs in my investment accounts. I am very comfortable with my state of being. I’ve got a number in mind where I will likely divest most of my BTC. I don’t have kids so no “generational wealth” to pass on. Maybe give a few coins to the niece and nephew.

sjnyo

This is like saying you gave your friend $3,600 in cash to put in his bank savings account to keep safe for you. Utterly ridiculous both in doing it in the first place and it would have been just as easy to put in to BTC yourself.

ATP_generator

the thing about price predictions is that NO ONE KNOWS if it's going up or down and anyone who thinks they can predict the price is even more clueless. the only question should be: will BTC have a smaller OR larger place in society in 10 years / whatever your investing timeline is.

JBberto1

Hardblock! Simple UI and BTC only which is all ya need down here!!!

noctecaelum77

1 BTC = 100.000.000 Satoshis (sats)

bitaurusmaximus

Just google how to earn interest from deposited BTC on Bybit…. Just google and you have your detailed answer

Subject_Temporary_51

Yeah that part makes sense but to me the whole stinks because of the stuff about fees for holding the BTC

cocacola0102

Because paying a loan at minimum rates for years will cost you an absolute bucket load in interest, and if you had the money just to pay it all back whenever you wanted you could have just used that money to buy BTC and not have the loan at all. Your concerns are your 'credit' are what make this a bad idea for you. It's only a good idea if you're not bothered about your credit (i.e. let's say you plan to move abroad so your US credit score is irrelevant and there's no realistic way for a creditor to get their money back). Then it's a freeroll. It's decidedly not a freeroll if you're paying interest and actually intend to repay no matter what happens to the BTC price.

PeteyPab305

It's a women, and was probably hyped up after last years ATH that they could put in a couple thousand and get back a lot more, so gave the money, and now that it's been a few months and is at the same price they don't want to wait longer and want their money back. but don't understand how BTC cycles work and wouldn't be making anything, and after trading fees and potentially network fees for transfering to cold storage and back is probably less capital than originally was put up. Most likely the investor/holder is wait for a high price point to sell to take a commission after holding an investment for someone else that doesn't understand it could take years to get a decent return on BTC. Just a honest possibility if shes not being scammed.

Always_working_hardd

Damn. The IMF is made up of people who want to buy the BTC for themselves.

Top-Care-8946

There is an old proverb: Fastest way to lose a friend is to borrow him/her your money. Once borrowed then trust will crack with first kickback. Especially when the topic is about larger amounts. There's a huge difference to borrow $200 or $2000+ First of all Bybit is an exchange platform and used to buy/sell crypto for fiat (it's a notion in crypto world for traditional currencies). Exchanges aren't meant to use for long term investments as these funds might get easily seized or freezed when AML (Anti Money Laundering) suspicion ais activated by platform provider. Yes, it's true that BTC value fluctuates but it should not be a reason or excuse not to return back your money. You borrowed money (made a deal) If that deal was made for fixed period and it's overdue then your friend just broke a deal with you. If you borrowed in sense to share profit (he would return more if BTC value raises up)- it's still very bad deal. And you took risk at your own. Next time make your own account on Exchange, Buy BTC and transfer them to your own hardware wallet- That's more safer way because sometimes "Friendship" and "Business" just cannot go hand in hand together as conflicts of interest between parties involved are quick to evolve.

PeteyPab305

the fee for a 3600 BTC buy is way less than 100$ unless he transferred it off the exchange during a high fee network environment and is facing the same problem now, Most likely he is wanting to holding it to 100k and take profit think he deserves some kind of "investment commission" and honestly if you held a BTC investment in cold storage for some for nearly a year, and haven't yet made a profit, or any incentive to do so I can kinda see why he doesn't want to sell it for a loss especially if he made promises that it would go up and make her money, but it take years not a partial year and he probably over promised what the investment could return and would actually make nothing or even pay out of his own pocket to pay it back at break even price. or he was trading leverage or futures and paid perpetual fees to keep it open on a higher position he was controlling and lost capital to fee's and is being honest and needs it to go higher to even break even.

MightiestMal

Buy BTC ETF’s

JohnTheGambler

I will keep your BTC. I am not a citizen in the EU. You can trust me.

Sacredwisp

There are no fees, unless he's been using leverage. Also, unsure why you gave it to your friend to invest instead of just doing it yourself. Opening an account is very easy. Honestly, it sounds like your friend is hiding things, and you should confront him about it. Ask him to be extremely clear about what he's done, how he invested it, and that the money belongs to you. All that being said, it looks like you picked the back end of the bear market to start investing. All evidence points to a new bull market starting. I would not be surprised if BTC is double what it is within a year or a year and a half. Obviously, take random internet stranger's advice with a grain of salt, but I'd do some research now before deciding to sell.

inotocracy

Given people are swing trading BTC in 15 minute intervals, it sure seems like it does sometimes.

SystemOtherwise970

That dude's mohawk is the star of this video not BTC

Ronsonntag

Eh? How is using a standard mathematical equation with actual real BTC historical prices reverse engineering? The Power Law exists on its own. I didn't make it up and I didn't do any manipulation of BTC prices to make this chart. It shows the actual prices over time. PERIOD!

ClearMeeting2902

Do you invest in other things as well VOO VT GLD? You sold BTC to buy the Camry?

Jeffdit

I agree with ya and your probably gonna get some grief in the comments. Its not risky for you or maybe anyone with any foresight to build a plan around the manage the debt. Thing is its many people cant balance a check book let alone manage their debt on well anything. I borrow against my BTC for my daily expenses and short bitcoin to pay the borrow back and avoid liquidation. People act like its the most irresponsible complicated financial alchemy or that im going to lose everything. When really anyone with enough bitcoin and a few books on risk management could probably also pull it off.