Reddit Posts
Do you think the people affected by the historical floods over the next five days will be buying, selling, or holding BTC?
How do you monitor positions + orderbooks across DEXs, CEXs, and other platforms?
Peter Brandt Highlights Bitcoin Price Pattern Key to Keeping BTC's Bull Trend Healthy
How do the largest hodlers of BTC store thier coins?
What percent of us do you think are hodling this way, Pros and Cons. Storage
Is it a common misconception that Bitcoins gain their value from the cost of electricity required to generate them?
BTC can't turn $1 into $10 in 2024 - yes it can, over and over
MSTR or miners for leveraged play? (and how is the halving supposed to be bullish for miners??)
BlackRock Bitcoin ETF has surpassed holdings worth over $2 billion, equivalent to more than 52,000 BTC.
BlackRock Bitcoin ETF has surpassed holdings worth over $2 billion, equivalent to more than 52,000 BTC.
Don't Get Rekt in This Bull Run: Remember the 2017 "Earn" Scams?
Don't Get Rekt in This Bull Run: Remember the 2017 "Earn" Scams?
BTCMinetrix | ERC-20 | Cloud App | Stake Tokens = Mine Bitcoin | Audited | Presale Is Almost Finished | Join Before Official Launch
Reminder: Bitcoin Was Invented to Replace the Current Flawed System, Not to Be Absorbed Into It. Stop getting excited about BlackRock and Fidelity accumulating more BTC every day, and be aware of what's coming.
I LOVE BTC logo design. Feel free to use it for any purpose. Design source files are in the comments.
Bitcoin As A Power Law: why BTC is predictable over the long run
ICYF: BTC ETFs can start advertising on Google from Today.
"Traditional" Investor here looking to diversify, should I buy a lot of BTC before the halving?
Mined BTC early, trying to figure out if recovery is possible...
Crypto Reporting (US) - Bitcoin and failing to report loses; Need help to fix this
BitcoinMinetrix | ERC-20 | Cloud Mining | Stake To Mine BTC | Audited & SAFU | Jump In Before Listing
Setting up a Node on a new N100 Mini PC, What do I need to Know?
Reminder: Bitcoin Was Invented to Replace the Current Flawed System, Not to Be Absorbed Into It. Stop getting excited about BlackRock and Fidelity accumulating more BTC every day, and be aware of what's coming.
The last deadline for an Ethereum ETF approval for the SEC is in May 2024, expect a stronger pump than the months before the BTC ETF approval
My last post was deleted: I heard you guys loud and clear
Why BTC will be sideways or downward for months..
ETF's price drop explained, and why the growing optimism!
Hey are you interested in BTC investment The BTC investment is that you will have to open a btc wallet and fund it and if you have it already then you’re already a winner What you will just do is that you will use $50-$200 $100-$300 $150-$400 $300-$500 $500-$1000 $1500-$2000 $2000-$3000
If Bitcoin Didn't Exist Where Would You Put Your Capital?
Navigating the BTC Market Shake-up: Understanding Grayscale's Move and the Dynamics of Weak vs. Strong Hands
Question about ETF -- are BTC traded or do they tend to be held?
I just saw my first Bitcoin ad on basic cable tv….
Hey are you interested in BTC investment The BTC investment is that you will have to open a btc wallet and fund it and if you have it already then you’re already a winner What you will just do is that you will use $50-$200 $100-$300 $150-$400 $300-$500 $500-$1000 $1500-$2000 $2000-$3000
Saudi Arabia to Match Satoshi Nakamoto's 1Million Bitcoin!
The previous Bull Run was pretty underwhelming.
Clarification on UTXOs / what am I misunderstanding re: consolidation?
Bitcoin Mempool Ordinal / BRC-20 / DataCarrier transaction comparison?
Have you ever wondered what Albert Einstein may have said about Bitcoin?
Have you ever wondered what Albert Einstein might have said about Bitcoin?
How long did it take you to understand why BTC really matters?
Is Bitcoin Finally Finding Firm Ground as Grayscale’s BTC ETF Outflows Calm Down?
Is Bitcoin Finally Finding Firm Ground as Grayscale’s BTC ETF Outflows Calm Down?
Joe Rogan learning BTC being the best store of value in the world 10yrs ago when BTC is 900$
1 year ago I ACTUALLY lost most of my Bitcoin in a boating accident.
BitcoinMinetrix | ERC-20 | Cloud Mining | Stake Tokens = Mine Bitcoin | Audited & Safe | Presale Is Almost Finished | Join Before Listing
Bitcoin Monthly 32 - Stay up to date with what matters
Pricing All Everyday Goods in BTC, From iPhone to Houses, Will Act as an Electroshock to Your Awareness of the Bitcoin Revolution.
Finding Remote International Jobs (Freelance or Salary) That Pay In BTC
After looking into Bitcoin for 1 month and reading A LOT of posts on this Reddit I have no clue if BTC will go to the moon or go to zero.
Does the fact that Coinbase holds custody of 8 out of the 11 spot BTC ETFs pose any risk?
Mentions
BTC is down 25% in six months.
Nobody said it's not possible, the point is that it's useless and you'll end up with a worse execution price. Unless you're buying some shitcoin with zero liquidity, but 6 figures worth of BTC is a drop in the bucket. Just look at the order book. Right now the last price on Kraken is $95032, and the order book shows that it would take around 2 million USD to make it go up to $95050. So with only 6 figures, you could even do a normal market order and get a better execution price than through the OTC desk. If you're really paranoid you could do an iceberg order, but even that is way overkill. A standard limit order is just fine.
IF we can get passed the 100K resistance level, it will fly up because of all the FOMO from potential buyers. I don't know if 150k by April, but I'm actually quite sure BTC should break 100k before the month is up. Not financial advice. DYOR. But for real for real, you should have been DCAing instead of making bets for how much it'll be in April. Because now the price is high again. But thanks to the time between Oct.11-now, I got my DCA down to 84k, and I originally placed my first BTC order at the ATH. So from 124k down to 84k in 3 1/2 months. I'm quite proud 🤪
Hi the best way to turn physical cash into Bitcoin quickly is using a Bitcoin ATM or a P2P exchange like Noones or Paxful that supports cash-in-person deposits.. Once you have the BTC in your own wallet, just scan your client’s address and send it directly though be cautious, as Bitcoin transactions are irreversible..👌🏻
Best / easiest way if you're not into BTC nor want to be is to use a friend that will do the conversion for you and send. All that is needed is the public address to send to. If you want to join BTC, in general, there are numerous platforms. You'll need to KYC, verify banks, etc. I confess, it has been a very long time since I've had to set up anything new, so the process may be easier or more complex than I remember. Some reputable places to buy BTC from: Fold, Coinbase, Kraken. (Fold also sells a BTC gift card... comes with fees) I, personally, use Fold because I am already a paid member with them and use their card and banking info.
My goal to slow down is 1 BTC. I'll continue to DCA daily after I hit it, but will drop it some. The problem is when it starts to rally you get excited and put money in. When you think "maybe this was a bad idea" is when you should actually be buying.
Post is by: cmb10 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1qcmvb4/is_leverage_trading_worth_it/ I have been DCAing my way into BTC and ETH for the last few years but since this “bullrun” decided to not take off, I didn’t make as much this cycle as I would do normally. I have never touched perpetuals but I heard it can amplify my position and that 2-3x puts you in a safe position for volatile swings. Has anyone switched over from DCA to perpetuals and made it work? FYI: I’m not planning on using my whole bag to perp trade, just 1-5% max. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
That’s fair. It really comes down to how the market chooses to price the risk. If BTC volatility stays high, these companies may trade more like leveraged exposure. If volatility compresses over time, the strategy could look much more attractive on a risk-adjusted basis. The next phase probably depends on whether BTC matures as a balance-sheet asset.
Who cares- it’s a totally arbitrary number. Instead of asking this question you should be more concerned about your own individual financial planning- which is unique and has its own set of parameters. Asking about BTC in generalisations like this gets you no where.
Does this apply to all those who bought BTC in the past 2 years or only to the few lucky ones who bought 5-6 years ago? Because BTC is a terrible investment at this price point.
Post is by: Effective_Depth9513 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1qcmlda/how_does_btc_keep_going_down_even_if_etf_inflows/ Saylor bough a truckload of BTC last time and the price didn't move an inch. We had insane inflows yesterday and the price went up but not drastically. Does anyone know how this internally works because I get the idea that they are buying paper btc if the price doesn't move that much after such large inflows? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
Personally I think silver will out perform BTC for a while. Eitherway I hold both
Interesting shift. Acquiring BTC exposure via M&A could reduce immediate market impact compared to spot buying, but it also ties valuation risk more tightly to BTC volatility.
Post is by: Mission-Stomach-3751 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1qcm4y7/strive_acquires_semler_scientific_and_gains/ Strive (ASST) announced an all-stock acquisition of Semler Scientific (SMLR). One of the more interesting aspects of the deal is Semler’s balance sheet: the company already holds 5,048 BTC, meaning Strive is effectively acquiring a sizable Bitcoin treasury through a corporate transaction rather than buying BTC directly on the open market. In addition, Strive disclosed a separate purchase of 123 BTC at roughly $91.5K. If the transaction closes as planned, total combined holdings are expected to reach 12,797 BTC, which would place the company around the 11th largest corporate Bitcoin holder. This feels like an evolution of the corporate BTC trend: instead of only adding BTC via treasury purchases, companies may start acquiring BTC-holding firms as a way to gain exposure. From a market perspective, this raises a few questions: • Does this reduce sell-side pressure compared to spot buying? • Could M&A become a new channel for institutional BTC accumulation? • How do markets price companies whose valuation is increasingly tied to BTC holdings? Curious how others here see this trend developing. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
Who is waiting for the next 100k party again? All being said, for many, as long as you're DCAing into BTC, the price doesn't matter so much, and we know for veterans, always keeping some fiat on the side-lines for the dips helps.
we are back to : BTC sneeze alts bleed season
It's a 24 wordphrase to access 0.01 BTC directly on the blockchain, but there's a few words missing. All of them is included in the BIP39 protocol, so its just a matter of deciphering those blanks. The unredacted version is toppost here : r/thegreekchain
As long as we are sub $100k, 1 BTC remains the target.
BTC failed in its purpose. The Ultra rich, corporations and banks will simply win because they have more disposable income to buy and horde whatever they want. Only the people who go in early enough in BTC and Crypto were lucky enough to see those awesome gains. And yes I mean luck, because no normal person could have seen the rise of BTC. At the end of the day ultra wealthy are the problem. Until they get properly taxed and reigned in, they will continue to acquire and horde any new wealth that coming in. The income inequality will continue to grow if they’re left unchecked.
Silver was $15 in 2010 when BTC was worth a fraction of what it is now. Silver is playing catchup and still undervalued.
The first, *good,* completely ai driven, intent based crypto network will complete the 3 fund triangle portfolio along with btc and eth. BTC as the money. Eth as the gas for. And this not yet created secret sauce network that grants you the ability to do whatever you want, digitally or in real life. *hits joint* Almost as if this is a fractal in a never ending technology cycle... This ai network would be the equivalent of a person in the 70s getting access to better and better computers that allowed them to create with more detail, in a digital space. 50 years later, in the 2020s, we are allowing the digital space to create based solely (for now) on our *intent.* That breaks down the barrier for all creativity! Pretty big if you ask me. *passes joint*
That's what happens when you invest more than you can afford to lose. I only buy small amount of what i can lose every week. Small amount of what i can lose every week doesn't effect my life at all. I don't even check the BTC prices.
BTC hit prices over $100,000 and people are still asking ‘wen banana zone’ 🤦♂️
BTC would crash if he moved some coins.
Mostly boring stuff: holding majors (BTC/ETH), SOL ecosystem plays, some memecoin rotations, and a bit of staking. On Solana I just park SOL in Solflare and stake it instead of overtrading fees are low and it adds up over time. Everything else feels like short-term noise unless you’re very active.
I still see 1 BTC as more of a mental milestone than a practical rule. When the price goes up, people naturally reframe targets to something that feels reachable. For me it makes more sense to think in terms of conviction and time horizon, not a specific number. Holding any amount you can stick with through volatility matters more than chasing an old benchmark. Curious how others think about it now, percentage of net worth, time based stacking, or still whole coins.
> most altcoins do not have stablecoin pairs Name one example of an altcoin that has a BTC pair doing higher volumes than its largest stablecoin pair.
Honest question: did anyone here actually get into BTC because a friend convinced them?
Nice push, but this is just continuation from the HTF range Real test is how BTC reacts near 96–97k supply
😂 I find the whole laughable. Basically everything about it is counter to the fundamental reasoning behind the creation of BTC *Infinite money glitch* 🤣
Probably because Saylor was all in on BTC years before the dated tweet of 2/27/25.
BTC going mainstream is always good news
Why would I buy a private plane? I have no need for one. Maybe why I didn’t mention one. I dont have a yacht either, but I get invited sometimes with another BTC guy I’ve know for years. Don’t be a hater bro! It looks lame. Not my fault you are still a slave to the system.
1 BTC will always be the most convenient goal. The .1 is due to how hard it is to get to 1. As time progresses it will get harder and harder to reach the goalpost.
I think buying BTC is the best thing you can do right now, so yes it’s worth it.
It’s still early to say that imo but what I’m sure is…. BTC below $100k is very cheap. DCA before the next leg up
Is inflation happening to your local currency? What better place to invest to hedge against inflation? It always comes down to BTC and gold in the long term. BTC is just higher ROI for me
I don’t disagree that BTC is a better currency based on fundamentals, let alone the diametrically opposed implications regarding freedom. However, if given the option, I would not risk the introduction of CBDCs if we can help it. The dangers far outweigh the chance they will pave the way for BTC to “dominate” as you said. People will continue to use CBDCs the way they currently use USD, all while getting used to even more centralization of power over currency.
Im curious what's your moonshot, and if that's even needed. Chances are in the long term, moonshots go down in value as well in crypto. Might as well play safe (BTC/ETH are already pretty volatile in bull market)
Yeah $500,000 (\~5 BTC) may be a large amount for an individual retail, but it isn't for the top exchanges. They trade up to billions in value daily. See trading volume for Binance, Coinbase, Bybit, Kraken.
Many years ago it was said that having 0.28 BTC was like being in the top 0.1% of the world.
Your everyday Iranian is poor and doesn‘t have a pile of money on the side to buy assets. Iran is culturally theocratic, but structurally oligarchic. If anyone is buying BTC or other assets en masse it‘s likely they are part of the problem.
Not if they're buying bitcoin with gold. If you're fleeing your country, Bitcoin is much less vulnerable than gold which can be seized by highwaymen, corrupt policemen and the like. Could also be Israeli intelligence buying BTC with USD to pay their operatives inside Iran.
BTC back to 90k end of the day
Bitcoin’s supply is hard-capped, so it’s resistant to Bitcoin-denominated debasement, agreed. But that’s not the same as being “immune to inflation.” Inflation is about prices of goods/services rising, and BTC’s purchasing power can swing wildly (often behaving like a high-beta risk asset when liquidity tightens). Also, “immune to government meddling” is overstated: governments can’t print BTC, but they can regulate on/off-ramps, tax it, surveil, sanction addresses, and influence mining economics via energy policy.
"No, no you can't go. We had... will have... kids. Please!" Yeah this wont work. 10 BTC now anytime.
DCA a meaningful amount into BTC every week or month. HODL. Avoid boats.
Because I didn’t use an app or exchange. Plenty of people where you can meet up with and they will give you cash in person for BTC sent to them. Then take that cash to purchase something physical. Are you now going to change to goal posts again and edit your original post to say that’s not allowed? In Asia you can transact in person with people for hundreds of thousands in person for cash with no KYC and cash is still king with none of this BS where did you get your cash from.
Gonna need sub-toshis to measure the IRR in BTC
Hmmm... I'd generally recommend *against* Exodus due to it not being open-source. One of the most recommended wallets on here is BlueWallet (for iOS/Android), or Blockstream BTC Wallet. Also, it's best to use a hot wallet on iPhone/Android rather than a PC, as mobile operating systems are *much* less prone to malware than a PC.
40%bond 40%commodity(cruild oil,copper...) 20% BTC
I think it will be easier to purchase this amount of BTC on an exchange than it will be transferring the USD onto the exchange. Your bank (depending on who it is) isn't going to like a $500k withdrawal to a crypto exchange. For the purchase itself, spot should be fine. Get a CB one account to save on fees, and just place the limit order. 24 hour volume on the USD/BTC pair on coinbase is almost $2 billion, 500k is well outside of an amount that could cause any serious slippage.
Just commented this on another thread. The turmoil is going to lead to a lot of BTC demand! BTC will lead to a lot of wealth creation for HODLERS!
I do think that this will lead to a lot of BTC buys. The uncertainty from Venezuela and Iran could lead to these markets getting out of their countries and looking for non fiat currency
Absolutely not. CBDCs are designed for the sole purpose of the government being able to completely track and/or turn off people’s ability to spend. Bitcoin will not necessarily “win out” with the average person, since CBDCs, as centralized currencies, will not have the hassles Bitcoin faces (slow transactions via the decentralized blockchain). To the average person, CBDCs will likely be akin to today’s digital USD transactions, whereas BTC will be the slow (and likely eventually illegal) store of wealth we have today.
Same cycle over and over again, people. Buy the top and sell below. Many ignore BTC below 90K only to buy later once it starts pumping, including alts like SUI, XMN, and the like.
How to do this? My RBC TFSA says can’t even buy BTC ETFs. I do have RRSP, but how do you choose to buy BTC with it? Please help
Yeah. There's more to it: *People begin looking for the "next BTC", "better BTC", or "like buying BTC at 10¢!”* Which is what we're seeing with some of the old timers moving up As people start diving deeper, other alts start moving up. *Then* everything goes ape shit
I believe the intrinsic value of BC is its portability. If you need to leave where you are because of internal strife, danger or repression how do take your wealth with you? How you do you safely and securely jump on a plane with suitcases of cash? Or smaller but heavier bags with silver or gold bars or coins? Currently one BTC is $95,340. Spot price of one once of gold is currently $4,603.50. The equivalent value of gold would weigh 20.7 ounces. About 1.3 US pounds. It also takes up space. Would you trust your gold in your luggage? Even carry on. It would certainly show up when your luggage is scanned. Or maybe you had the foresight to open one of those Swiss numbered accounts. I wouldn’t even know how to even begin to open one those without going to Switzerland first. The point is Bitcoin has none of these issues. The blockchain holds your bitcoin. Access to a computer, with your cold wallet (essentially a usb drive) and your seed phrases . An account with a crypto exchange like Coinbase and you can access your funds anywhere with internet access. My choice is Portugal. Crypto friendly, beautiful beaches, good climate.
Well put, and I follow basically the same strategy. Eventually, Bitcoin should find it's level, and volatility should ease off to basically match inflation (as gold has done when averaged over long timeframes). Obviously, we have no idea where that 'level' is, whether denominated in USD or gold. The world needs to figure that out, and it's possible it will be wildly different depending on future events. We could see AI agents adopt and utilize bitcoin (and maybe other crypto) in ways we could barely imagine right now. In that scenario, their actual value might be much higher than they would have been otherwise. The approach of periodically rebalancing a diversified portfolio, while still holding a meaningful amount of BTC, seems very prudent.
narcs are quickly fleeing BTC and USDT after maduros arrest...follow money is scary
Why does one big buy on BTC make all the other shitcoin go up too?
I feel it pumps a bit before big drops (i.e. 10-20%) in BTC. Of course I haven't researched it because I have no money to invest or make moves, but maybe one day I'll actually check how often this correlates.
I was so bored at the plateau after the 2017 bull run that I started buying shitcoins. Never sold the BTC, though. Then the Vertrash/Faketoshi hash wars made it fun again.
And you’re blindly bearish. What losses? I’m not the one trading BTC/reading tea leaves buddy, you are hence why you’re most likely going to lose.
Would you want to buy BTC at 1 million?
Remember bois, don't FOMO, stick to your plan. However, if you see BTC break above the 50 week MA \~102k, consider throwing your plan out the window.
Pizza... It ended up costing me $100k dollars in the end. Even though I only had 5 BTC at the time. Now I'm a Satoshi millionaire...(under$1500)
500k is a very small amount for BTC, you can buy that almost immediately without moving the market, you don't need OTC. And you don't need 2 weeks, you can do it in 1 day. However the exchanges you mention seem odd.... i wonder if you are actually inexperienced or trying to promote those exchanges. If your post is real, you can create an account in any of the tier1 exchanges (not the ones your mentioned) and get it done very fast. Without knowing what method you are using to deposit, can't tell you if it's safe to deposit or not. But yes, 500k is not a big amount for btc at all. This is literally like just 5 btc.
Crypto account? BTC only. Everything else is a distraction.
100% BTC Alt coins will give you cancer
Yeah that’s the thing, no one knows where it’s really going in the short term. I think it’s easier mentally when it drips if you are DCA. If I put a whole 25k I’d be pissed to see it come back to 70k.. but if you are bullish and you understand BTC.. it is practically on sale compared to what it could be in 5-10yrs
Guysss I hate shorting. For the first time in ages, I decided to Short BTC at 92k today 🤡 Can you quickly let me close it? 🤣
Its all relative to when you get in. Like in my particular case, ETH has massively outperformed BTC. And Im talking just straight hodling both.
Exactly it would be a horror show to track every Starbucks coffee or subway sandwich you bought for BTC. And how would that even work? 95% of my BTC I got when it was under $1k. How do you know which portion you are spending? I still buy BTC with every paycheck, if I were to start using it could I just tell the IRS I used the BTC I bought at $100k and kept the BTC I bought at $1k in the wallet?
With all that’s going on in the world and precious metals skyrocketing, I’m surprised BTC has lagged. Anyways, doesn’t really matter I’m so long on this thing I would prefer it lag so I can stack more
Lots of people with a couple million in BTC have no problem sticking to using exchanges. Particularly Kraken. Security is tight there
$500k USD can’t possibly be remotely close to needing OTC. People buying hundreds There is plenty of liquidity to purchase 5 BTC on Kraken. You can currently purchase 10x that on Kraken instantly by setting a limit order 0.1% higher than the last trade. You can clear 5 BTC instantly by going up only 0.01%.
It’s funny that gold and silver have been more exciting and volatile than BTC.
Spot ETFs like BTC or FBTC are also an option. There is no fee to purchase them, but they do have an expense ratio around 0.15%-0.25%
It is an investment, it will never be a dominant currency because it’s a really bad currency. When fiat collapses nobody will be looking for BTC. Do you see the people of Iran turning to BTC for salvation? Nah guns, gold, food, booze…… It’s a tech investment. It moves with tech. I say this as someone who holds an overweight amount of BTC in a diverse portfolio that also buys a lot of gold and ammo.
I got scammed by an options trader using BTC…but one thing I learned; 90% of people are hush-hush about money: especially family. They either don’t want anyone to know, are scared, ashamed, or näive and got fucked-like me! Don’t offer unless they ask! Especially about money. Buy them a certificate to get ‘em looking and in turn; excited. It’s the best u can do for most.
You’re welcome. I sold a little BTC for a down payment on a car. Glad I could cut the anchor loose for hodlers!
We’ll see how it goes. But so much BTC is in the hands of the powers that be it’s about whether what’s left can just continue to move freely or gets its pricing manipulated further. I don’t see it as the mid term hold that it once was as the correlation increases with the stock market and M2 growth even despite discrepancies. It’s the first thing sold off in crisis. Super long term yes. But not for active trading. And DCA when free funds available for 20-50 year outlooks.
Assuming it’s not a fraud, things are volatile but has been on the whole going up Since I got involved in 2018. But huge ups and downs. Just don’t put your life savings into BTC. I love all you guys, but it’s still questionable.
Bitcoin, the network and blockchain, provides that service, but BTC, the currency, does not. If you own 1 bitcoin, you don't own an immutable ledger that provides a service.
Jesus lol, even on a day where BTC finished up +4.5% and your Dogecoin was up nearly +9% you still find a way to be miserable. We just blasted straight through yet another higher-high since the November lows. That bulletproof aura the Shorters thought they had is waning. It's not going to be "only-up forever without any retrace whatsoever", but the market is making recovery strides.
And in Block 777,777 you can see transaction 22b640cd810fc855cb00c5fe5fbc263a5201cedef237292009196e6c497bb1f8 sending 0.00777777 BTC with OP\_RETURN DATA translating to: Allegory of Fortune: fortune favours the cyberpunk. Check for yourself: [https://blockstream.info/tx/22b640cd810fc855cb00c5fe5fbc263a5201cedef237292009196e6c497bb1f8](https://blockstream.info/tx/22b640cd810fc855cb00c5fe5fbc263a5201cedef237292009196e6c497bb1f8)
BTC flirting with the upper 90s like check me out.
Yah I definitely feel you. That’s actually one of the reasons i personally borrowed against my BTC at the start of the year. And tbh I have always stayed clear of doing so. However like everything, measured risk. I personally use Ledn as they’ve been around since 2018, survived the 2022 crash unscathed and are now BTC only. Their LTV is 50% but I added more collateral than they requested so that it reduces my LTV to under 30% this way, BTC will have to crash to the low 30s to force a liquidation. So it’s a probability game and I don’t think that would happen but you never know and plus I can always add more collateral. Their interest rate is 11% though, it’s high compared to the interest rate you would get borrowing against stocks and RE but lower than personal loan companies and credit cards. However you don’t have to pay monthly, you can refinance when their rates go lower and you can also rollover the loan before the maturity date as well. I believe the longer BTC sticks around, the lower the rates will go and the higher the LTV will be similar to RE as BTC is just a wayyy better collateral. This strategy comes with risks but like everything, you proceed with caution. So far, it’s working well for me.
Probably strike if you are in the US, xapobank if you are anywhere else. Honestly, do not use the typical exchanges for such amounts. Search for proper regulated and secure platforms. You could speak with any account manager in xapo and agree on a OTC purchase. DYOR on the founders, financials, age of the company, amount of hacks/leaks Vs age, who the regulators are, are they the custody or do they use another third party (how do they secure your BTC). Try to understand who their investors are (you'll see that with Xapo, the investors were the same that invested in coinbase, bitstamp back in the days). Most people in this sub hold much less than 2BTC. The advice you will get here is based on smaller amounts (buy on a free exchange or cheaper service -> send it to cold storage). I don't know about you but most people at those amounts, are looking past the typical cold storage. This is often where conversations around living a bitcoin standard or offshore banking take place. You can move 350k to cold storage, and let 150k worth of BTC work for you .. generating yield, allocate some to invest in a BTC fund, or just get a loan to buy more BTC. Money makes money, and those amounts should not be treated as the typical Redditor who DCA 10$ a day.
Of course I would return that $110,000 in BTC