BTC

AncientMoth11

Fuck I’m the BTC Index combo but at least reasonable. Right?

Pleasant_Maybe_5523

Whatever it was, I’d probably regret spending those sats every time BTC went up 😂

Strange_Research_176

Anyone else find tracking all their BTC buys harder than actually buying? KoinX helps with the records, but checking the price every day is still a bad habit.

No-Confusion4519

Yeah, there’s no real way to know the full history of every BTC you receive. I wouldn’t stress too much, just keep your exchange records in case anything comes up.

Ok-Worldliness8828

If you say it's too complicated, well then it's going to be just that. You are smart enough. It's not as complicated as youre making it sound in your head. Write down your seed phrase. Keep it hidden. Leave instructions. Dont leave everything on 1 device and also dont put your life savings into it. Just start with something you can afford and dca. You can keep some on exchanges to stake, but keep the majority in cold storage. At the end of the day, its every man for himself when it comes to finances. You have to do what's right for you. I would still invest in ETF's, blue chip stocks, real estate and BTC. You need an asymmetrical portfolio.

Jaded_Story3425

there isn't enough money in the world for BTC to 10000x Sparky.

BTC-Max1e

Gold/silver/BTC and real estate will all do well with inflation and the collapse of the US dollar

RetiredAvocado

IronKey is not without its own flaws. S200 has been broken into. Yeah the selling point is that it destroys data. BTC hardware wallets could probably do that, but they are primarily an entropy generation plus secure signing devices. "Military grade" when it comes to security is just 256 bit AES. That is available to anyone for free on pretty much any device. Are you going to build this, or you just the "ideas" person? Where do I send $1000? You're going to add destructive wipe on tamper, which is cool I guess. You're going to add "military grade" nothing.. literally it's just AES, so skip. You're going to add chain of custody. I don't think USPS registered mail works that way, so maybe you'll need couriers. Someone to physically pick up the device at the factory, put it in a box handcuffed to their hand, and deliver to your door. Don't know how that can scale, but okay.

RetiredAvocado

Online banking is a giant target that gets hit all the time. But they spend big money to keep your accounts safe, with firewalls, 2FA, fraud alerts, lockouts, and even deposit insurance that the banks pay for. Hardware wallets are relatively cheap consumer grade products. For a couple hundred bucks and if properly used, they do a whole lot. Many are open source, inviting copycats. Coldcard's efforts to protect their work (which they allegedly heavily borrowed from someone else too) has lead to them making mistakes, and their downfall. And it didn't stop Passport wallet people from basing their product on Coldcards. And all that is a good thing, making these special purpose devices more accessible to people with multiple competing offerings. I don't see myself buying a $25,000 crazy blackbox with MPC and time locks, and multisig, and NFC + eye scan, and fingerprint reader. But a $250 device that generates keys and lets me sign without exposing them.. pretty nice deal. Hardware wallet itself is not impenetrable, and likely cannot withstand physical attacks. If lost or stolen, it's best to consider it compromised, recover elsewhere, and move everything to newly created wallet with all new seed. I do not buy them believing they will securely store and defend keys forever. Safe storage is on me. And adding some entropy is also on me, with dice or passphrases, whatever. But I do trust them to sign a transaction without revealing the keys to my PC. That's what I want it to do, and I have to assume it does. As for the world moving at a fast pace, I do upgrade my wallets over time. I did have a Coldcard MK3 and it was fine, until it wasn't. But by the time the bad entropy theft happened, MK3 was 3 years without firmware updates, and guess what mine did. It was collecting dust, empty, because I've moved on from a product that reached its end of life. And that probably saved my ass, who knows. I will keep buying newer and better hardware wallets, to support the companies that make them so they can continue to improve and release new products, and to protect my coins in newer, better, more usable ways as the tech and UI and safety features get better. People upgrade $1000 phone every 2-3 years. It's not a huge leap that people can also buy a new $250 device that keeps their btc safe on about the same schedule. Learn how to use it properly, and stay at the industry's pace, and that's it. In my anecdotal one person experience, never lost any BTC, and very comfortable using my hardware wallets, kinda regularly, maybe once a week or more.

Lavayo

Alts are essentially privately minted fiat currencies. Fiat/Crypto vs BTC. Not Fiat vs Crypto/BTC.

efbh1979

\^\^\^ This. It's the difference between selling it when it on a bull run / panic selling on a bear crash vs hold on in a bull run / go more aggressive on a bear crash. A co-worker of mine put 30k during the Covid crash and has been stacking ever since. In the last bull run he showed me his portfolio: he hit 1.2M. He hasn't sold a single sat because he spent 3 weeks studying it before putting any money in BTC (according to him, those 3 weeks studying and understanding made him even more bullish on BTC). My advice knowing what I know now: study what you are buying before buying it, make a long term plan for yourself and THEN buy

Impossible_Drama_440

If you do this, you alredy doomed you BTC because one day, you will forget and then its GG

DontBanMe_IWasJoking

yes i wasnt too worried about Strike as they are a big operation, i was more worried about my local exchange, for the first few months i was buying directly BTC from them before learning about using lightning to make the fees cheaper. about half my coin is from that time. i guess i shouldnt worry anyway, at the end of the day if i ever sell it will be thru the same exchange that sold them to me so they can't complain!

ryce4u

What are some spot BTC ETF ticker?

doiwku

Buy weekly until you build up 2 whole BTC, never ever sell until you reach your bag goal. One BTC to live off in retirement someday and one BTC to divide up between your kids when you pass.

DBRiMatt

If I had to go all in on 1 crypto... it would be BTC - King for a reason. If I had to go all in on 1 alt... it would be LIT - capped supply, with buybacks based on protocol revenue generation.

nofuna

So, I wonder, where do the big whales keep their BTC keys? The Michael Saylors, etc.

Dismal_Insurance_272

In my opinion, you store BTC on a cold wallet when the amount starts to be significant. Like if you store less BTC than the cold wallet cost you, I think that's pretty useless. And an other thing is I already saw people stack on cold wallets but I don't remember where

tenor_tymir

I’ll give you some hints • BlockFi • Celsius • Haru Invest • Voyager • FTX • Midas Investments They all gave you juicy % on your BTC, but can you tell me where they are now? In prison, doing life. You might not have witnessed this shit show personally but I can guarantee you that those like us who have lived through this disaster, have a very strong opinion on whether it’s a good idea to lend your coins away for some measly %.

tenor_tymir

I’ll give you some hints • BlockFi • Celsius • Haru Invest • Voyager • FTX • Midas Investments They all gave you juicy % on your BTC, but can you tell me where they are now? In prison, doing life. You might not have witnessed this shit show personally but I can guarantee you that those like us who have lived through this disaster, have a very strong opinion on whether it’s a good idea to lend your coins away for some measly %.

ThirstyForgiveness

No you're not wrong, I do exactly same thing. Have some in cold storage sure but rest is working for me in different places. People here act like earning 4-5% on your stack is some kind of crime when BTC sitting there doing nothing for months The security purists will scream but if you spread it around and understand the risk, why not make your coins work. Not like we getting new ATH every week My spice rack is organized by cuisine but my BTC is all over the place, cold wallet is just one drawer

Dr_Zoonotikstein

No, it's just that, besides exhibiting some control issues (worrying way too much about other's opinions, or even their right to express them), you exhibit some pretty poor reading comprehension as well. My original point had nothing to do with the merits of BTC or FBTC as assets, but about what I believe is the relative security of holding BTC in self-custody versus holding FBTC in a Fidelity account. My disclaimer about not being presently interested was offered to demonstrate that I have no particular bias as a position holder in either. Go back, read carefully.

Odd_Oath

When I tell people that 100k USD in 2020 is worth \~75k today - they just glaze over and change topics. I’m done trying. ‘Everyone gets BTC at the price they deserve’ is all I say now.

Ok-Worldliness8828

Guess you've officially labeled me as "irritated". I'm completely fine with someone sharing their opinion. I think perhaps you've assigned a tone to my words. Your initial "opinion" only stated how you weren't interested in either on BTC reddit page. Its like me showing up to a book club just to tell everyone "I don't read". Just strange behavior, but no worries pal do you.

Prior_Parsley3960

For most users that just want to hold BTC as investment, keeping it someplace like Fidelity is, by far, the safest/bets option for them. \*If a player like Fidelity fails, it means something catastrophic has happened, and we are all f'ed anyways (crypto would be worth nothing) For small sums to play around with in defi, just have an amount you are comfortable losing out there in the wild

Ok-Worldliness8828

I never told you to shut up. Youre just taking someone asking why you are if you have nothing to contribute other than the fact that you're not interested. What do expect people to say to you other than, "OK cool". Never claimed to be a moderator, but this is clearly a post as it says at the top for "Bitcoin". If you don't like BTC or whatever etf or derivatives and have no interest, or opinion, then please by all means explain why youre still here replying to me.

cubeeless

BTC to $400k!

ForVictori

Agree, only borrow responsibly, meaning make sure you have enough handles a 50% drop in BTC price

Infamous-Discount-99

More secure from losing your BTC exposure perhaps, but less secure if you actually need to hold the real thing in the future. What happens if we pivot into a system of programmable (restrictive) stable coins and you can only "cash out" into the new at a very unfavorable rate. Youre talking about public companies subordinate to the very system that Bitcoin was created to circumvent.

DontLook_Weirdo

First panel seems the most perfect; no window and BTC rig heating up the room. But then he touches his rig and BAM window panels appear and a blizzard starts

Dr_Zoonotikstein

It's not that weird, really. and disagreeing with your viewpoint is not trolling, per se. I'm not making yo' momma quips or offering vacuous snark. Maybe if you open your mind to free dialogue, you'll stop seeing everything as black and white, or even adversarial? \#1. I didn't search "Bitcoin". Reddit presents things in a feed, without my prompting. If interesting, I might respond. The gatekeeper mentality you present with is really inane. It prohibits couch potatoes from commenting on professional sports that they could never play. It prohibits us from criticizing military expeditions on the grounds that we are not expert Pentagon strategists or trained combat marines. \#2. You don't have MOD next to your name. You're not the arbitrator of who can speak. There is no sub guideline that restricts the right to respond to those who presently hold BTC, or plan to hold BTC, nor those who have a favorable opinion of BTC. If you think it should be so, then please contact the moderators and petition them to change the subreddit's policy. \#3. I've actually held both BTC and FBTC. You wouldn't know that, because you charged right out of the gate, telling me to shut up, instead of having a conversation. Telling others, "don't speak, because your viewpoint doesn't align with mine" is the least possible persuasive tactic you can adopt. You're not debating ideas, you're attempting to dominate and disqualify speech - and therein lies a huge distinction.

Over_Reputation_8801

I think the Coinbase Custody Trusts multi-sig, segregated cold storage vaults that store the BTC from my IBIT ETF are more secure than any personal cold storage could ever be.

FlatTruck7591

I have 1.6BTC

Ok-Worldliness8828

I like BTC and am happy to support the community and to share knowledge. If you'd like to know more about BTC and how it works, just let me know and I'm happy to help as much as I can. You are the exact person that deserves to know more. Maybe you were meant to be here. If not, that's fine too. Just would ve weird if I went on an underwater-basket-weaving message board, just to say how I'm not interested underwater-basket-weaving. At that point I'd just be trolling to waste people's time wouldn't I? 🤔

a18618

That \~80% long-on-alts skew with BTC funding still flat is exactly the combo I watch for. I scraped Bybit's long/short ratios for a few weeks earlier this year and the pattern that kept repeating: longs pile in right as momentum rolls over, so the skew ends up marking squeeze fuel, not a bottom. F&G at 64 just confirms it's late-cycle confidence. I'd trust BTC's neutral funding as the healthier read here.

Ok-Worldliness8828

No just find it interesting that youre spending your time and energy sharing your opinion on a BTC thread on Reddit, but own none of it, and as you've self-stated you're not interested in it or crypto. Not sure why you're still here or even replying to me.

Ok-Worldliness8828

Then BTC doesn't really sound like it's for you and you probably shouldn't be on this thread. Anyone can buy exposure to BTC. Not everyone can or is willing to put the time in to understand it.

killshxt

Fidelity was mining there own BTC in 2013.

Dr_Zoonotikstein

That might be so but, as I don't have any interest in crypto directly nor exposure to it through a secondary instrument, I'm not concerned. If I *did* want exposure to BTC though, I would 100% feel more secure with FBTC than self-custody of the underlying.

segdy

Just look up it. For ethereum you boot from a trusted live cd (eg TailsOS) and run a BIP39 generator completely offline. I never understood the fuzz about hardware wallets. Just adds unnecessary complexity. All my major BTC and ETH reserves are in simple wallets who’s private keys have never seen a machine connected to a network 

JimmySki6166

I’ve been purchasing Bitcoin weekly for almost 7 yrs. Paid for two homes and a warehouse for my business outright with no loans. I keep purchasing weekly for my daughter’s future. Paying off her law school now with BTC!

Blade_Runner_69

It's ok the low IQ people can stick with fake BTC and get hand held through everything and the real ones self custody! There's room for all of us 🙂

Chickenjon

His point is that unless you're completely alone in the world and don't care at all what happens to your possessions after you're dead, you need some way of passing that stuff on to friends/family/kin. BTC is no different, if you died tomorrow and the only place you left your seed phrase was in your head, that BTC is gone forever.

No-Discipline4948

BTC 🚀

Blothorn

By the same token, if you take wages in BTC your wages go down over time.

Working_Salt_Mine

You do you man, man. Don’t listen to the brokees here. What most folks don’t realize is that inflation also drives up asset prices. As long as you are invested in the market, broad-based index funds, your portfolio also rises. Inflation only affects those who are NOT invested in the market. VTI and chill with house money. BTC is just Vegas money, to have fun on the side.

plumpyplummy

BTC bull run begins again in 5 days, I repeat 5 days

Branch_City

You don’t think if a hacker was able to drain BTC from exchanges it wouldn’t tank your ETF?

anotherbrckinTH3Wall

Bitcoin is deflationary, so if you pay your avocado toast bill in BTC, it will come at less and less btc as the years go on. Fiat is inflationary, so if you pay for your avocado toast in dollars, it will cost more and more dollars as the years go on. Either way, it’s still just avocado toast.

Sumdumfuqr

All lenders will margin call you if BTC drops over 50% or less, which it always does so you will end up selling at the very bottom. I looked into crypto loans, they are all scams

Backrus

No, a iPhone is a different architecture than amd64 PC. Your phone doesn't have to be connected to the internet. It doesn't even have to be on, and you can use Faraday's cage. 3rd paragraph is just imaginary problems, when you assume you use that spare phone as phone, and not as just wallet. Ofc you set up your phone accordingly to that use case. If you want to transmit tx, you have to connect to net anyway at some point, even if you're airgapping to PC. Infinitely more secure than hardware you can't verify. Hardware wallet is against basic "don't trust, verify" principle, but y'all got finessed into thinking that it's somehow good setup by shillers and podcaters (Ledger, Cold card, etc). Spoiler, it's not unless you use at least 3/5 multisig. And even then, like I said, y'all lack technical know-how to verify if hardware does only what it is supposed to do. Not to mention vibe coded software. Zachxbt also shares similar opinion on hardware wallets, and advises to never use them. Just like most BTC OGs. You do you, but parroting marketing talking points isn't good. Good luck.

LinusVPelt

At the current valuation, it takes roughly $500M of coordinated spot market pressure to move BTC price of 5%. Not comparable to stocks, but not such a small amount.

Feriman22

I use AI, just not for the actual trade decisions. The core of my system is fully rule-based, while AI helps around the workflow. I also made the current BTC/ETH/BNB regime status public so the output can be checked without trusting a black box.

21Moto

Trading Bitcoin is a losing strategy. DCA2BTC and HODL or HFSP. 😊

av6344

BTC must be ready to make a move. A lot of bitcoin FUD is making rounds.

NorthComparison4356

I have become so paranoid because of this, and its for sure not healthy. Why do we need to go to Mars, cant we please fix BTC first, well thank you.

LinusVPelt

Sincere question: in the past 1-2 years the comments on this subreddit seem basically those of Buttcoin. These are literally the same sentences. Is something happened to this subreddit, or is it common to all the crypto community? And if it's the sentiment of the entire community, how does it relate to the current BTC price? If the crypto community basically turned negative towards crypto, who is sustaining an 80k price?

truecakesnake

I prefer cbBTC for trading on Base, but for long term holding, I stick to native BTC.

CompetitiveAppeal663

That’ll be 5 BTC one day!

jongfish

yes text me at DISCOUNT-MEXICAN-BTC and I get you good price

Adorable-Price4231

I’m happy to keep my duo of BTC in revolut. Yeah I know I don’t own it blah blah but at least I’m in no danger of getting hacked

Small_Independent_21

Mark my words BTC to 8k

EmbarrassedDingo9467

Not from positioning, in my view. Alts are already crowded long (70-80% of accounts) while BTC isn't. I'd want to see alt prices rising with flat funding and shorts getting squeezed, not the crowd piling in first.

EmbarrassedDingo9467

Agreed, that's exactly why I put funding next to the ratio. BTC at 63% long with slightly negative funding is the clearest example: lots of small long tickets, nobody paying up to hold them. OI in notional and liquidation bands is the missing piece, I'll add both to the next snapshot. Do you have a go-to source for the liq bands or do you build them yourself?

tron1977

No, I tried to pay directly with BTC, but they didn’t accept it. Great trip. 16 people on a private yacht once owned by Grace Kelly.

huyou007

Can someone educate me how to use a billion BTC if they are not officially under your name? My understanding is that you can’t cash out because all exchanges require KYC. If you live in the U.S., you can’t use it to buy houses or cars or yachts. So having a billion btc sounds cool but how to translate them into actual wealth

WorryDesigner8152

bro turned bitcoin into a trip to the galápagos islands 😂 that’s actually one of the coolest answers i’ve seen. did you pay directly in BTC or sell some to book the trip?

Queasy-Ride4291

It wasn’t effected by some dude selling 10K BTC either. 

racka-disciprine

What do exchanges keep their BTC on?

gamma55

Sure, if you can reach out to Blackrock and get them to deliver your certificate. If you can’t? Well, better hope you can trust the long chain of intermediaries to hold their promise, and the government to hold their promise to keep your side if there’s a problem. So again, false equivalency. Blackrock ETF isn’t the same as self-custodied BTC.

throwaway12three4

I bet they sat and watched the wallets before taking funds. Let them add up then pulled all the funds at the same time. Wait months to years for people to give you their private keys. Then when you are in the very deep green pull all BTC simultaneously.

jasonslpt

Same read here, the headcount skew matters less than where the forced orders sit. On BTC right now (~83.0K) there's roughly $125M of long liquidations stacked around 81.9K to 82.1K versus about $72M of shorts near 83.4K. I lean toward a dip into that long pocket first, since it's the bigger pool and close by. A clean push and hold above 83.4K that clears the shorts would prove me wrong. Not advice.

jasonslpt

The tradeoff is pretty simple: you swap Bitcoin's own security for trust in a custodian. cbBTC means trusting Coinbase, WBTC means trusting BitGo and its custody setup, and both add smart contract risk on top. For 25% that you actively want to trade on chain it's a reasonable call, just keep the long term stack as native BTC in self custody. I'd also avoid parking it somewhere that loops it into more protocols, since each layer stacks another risk.

mysomica

I'd say the risk of holding your BTC as a Blackrock ETF is, in the majority of cases, much safer than trying to hold it on a Ledger or Trezor.

quintavious_danilo

Taxes, I hate them, thus I don’t use BTC as actual tender. It would be hell to declare taxes on every pack of chewing gum.

CardiologistInner423

Then my avocado toast would cost me 0.000012BTC instead of $22.

Rickard403

The future of finance won't be any of the crypto currency we buy and hold. Blockchain tech is revolutionizing things, but it just won't have anything to do with BTC or anything you invested in.

Key_Corgi_1906

What’s fidelity? I’m conserving selling all my btc and investing in a BTC ETF

tribepride25

BTC will be wildly adopted via ETFs and by using large, trusted custodians. After cold card, I moved my coins from Ledger and Trezor to Fidelity. Schwab is getting into crypto as well and will soon be a trusted custodian. I don’t care what BTC OGs say. I trust Fidelity with my retirement accounts and now have the same trust in them holding my BTC

on_hype

Wrapped BTC introduces counterparty risk. You are trading self-custody for convenience. This is fine for 25% of your allocation if you accept that trade-off.

Reasonable_Band1536

Is taking a loan with a company like Salt similar to taking a loan with a bank like WF if they recognize BTC as an asset? I guess I’m asking is if there are margin calls with banks like there are with brokerage companies. It would seem like a no brainer if they didn’t have margin calls in place.

BrawndoCrave

Stocks will perform better than Bitcoin long term. While I have BTC, it will face diminishing returns as the market caps grows. There will always be new growth stocks to drive the market higher long term.

liquid_at

BTC-Meme-Traders are increasingly worried that their "one true coin" has not been pumped yet, so they want to limit the talks about alts, so that all the stupid memecoin and shitcoin buyers who still believe in alts, pump their precious bitcoin to a million... meme traders doing meme trader stuff.

No_Investigator3369

same. sold in 2017. invested in BTC and rented. 6x my proceeds. still renting since everything is dogshit now for the price.

Nemozoli

The first thing I paid with BTC was a Trezor hardware wallet. Worth every sat. The last one: I bought eyeglasses for my wife and myself last year when BTC was close to $100k. I had the cash to buy them, but thought about how little the sats costed me back in 2017 and made the move. Rebought all when BTC went down to $65k...

anymonero

There was a time when Coinbase only listed BTC, you know.

Clean_Difficulty_225

I have the humility to admit I could be wrong, but given the overall macroeconomic environment is bearish and we are on the precipice of the AI bubble popping, not to mention the rising interest rate environment, I can’t see BTC returning to $100k let alone going to $200k. IMHO it’s headed much lower this upcoming cycle, I’m talking sub $10k/$1k. Eventually it will asymptotically converge to zero, as it’s a low performing legacy tech that will be replaced by other things, e.g. central bank digital currencies.

tenor_tymir

I’m 100% BTC. Don’t do what I do, apparently, but be advised that not having any would be a mistake. Make it a fixed % of your portfolio and keep adding to it throughout the years.

georgejetsonn

I understand why people choose to do it, but if I held most of my liquid net worth in self-custodied crypto I could never sleep well worrying that I might have fumbled a tiny step that could compromise everything with no recourse. No wonder BTC ETFs are so successful

tenor_tymir

Half a decade is just 5 years. BTC will most definitely not sit at 200k in 5 years. We’ll be probably back in a bear market by then.

toddycoin

Hmm, if the AI bubble crashes in 4Q, then, we may see 40K of BTC (or even lower!.. So the question is what events affect broader market outside, and that spillsover to Crypto.

Budget-Aardvark-7860

big misconception about cycle theory, there is a window where the bottom occurs not an exact date, a cycles timing is never exactly the same, even tho BTC has behaved similar in previous years, so yes the low could of already happened since it’s in the window, but sentiment doesn’t seem to match imo, which is why i would not be surprised one lower low sometime late Dec/ early Jan

quintavious_danilo

You say “correct”, why do you think BTC needs a correction? It’s right there where it’s supposed to be.

Lavayo

Which would arguably be good for BTC, leaving a potential short term reaction for the crash. Who knows. But we hat so many bad news this summer and did not even get much below 60k - still 20k above the 40k suggested by some. Just this week people said the US sold BTC and ledger got problems. Not much happened. I lack the fantasy to see a reasonable reason for such a drop.

PowerappsDev

2023: 100% in BTC, ETH und solana 2025: 20% World etf. 80% crypto 2026: until 06.10 i had 40% World etf 60% crypto 2026: after 06.10 i am 100% in World etf

Due-Driver-8826

It will cause problems to every other system in place today, crypto and BTC might actually be the easiest system to adjust once quantum is implemented

Silver_Knight_007

What if BTC had sinked, then you would have celebrated this decision. So never regret, it's all part of luck and you will get what is written for you. Either from BTC Or a salary Or stock market or some other source.

nugymmer

BTC might not be worth this much today had it not been for that purchase.

nugymmer

What about the one from October 2009 where $1 could have bought you 1309 BTC?

Vydrah

Oh, ok… so just supply and takeout? I don’t think thats worth it, it’s so little APY. But on the other hand risk is very low… not as low as just holding BTC but low.