BTC

Phylaras

As long as MSTR can capture spread, there are going to be people willing to lend it money. It could come from that. It doesn't need to come from selling BTC. Right now, with 2.25b in cash, selling BTC is a choice around tax loss harvesting, etc.

Significant_Mousse53

Not much different. Have less than 2 BTC left (sadly).

mrxsdcuqr7x284k6

Damn. As soon as that premium gets close to turning negative investors are going to dump MSTR like it’s radioactive. That will put big downward pressure on the underlying BTC. And when he has to pay preferred share dividends again he’ll have to sell more BTC. And the spiral continues downward.

Aoi_Haru

They didn’t. All alts have been nuked and BTC is a joke compared to hardware producers.

Saffuran

Far more complicated relationship than that, and BTC has increased its value amid rate hikes and in higher-rate environments than this in the past. BTC can also be flat into rate cuts. Beyond that, the US Federal Reserve isn't the only central bank to watch for cuts or hikes either.

ptrnyc

Germany sold 50.000 BTC 2 years ago, and it barely moved the needle. I can’t wait for MtGox to sell these 34,504 BTC sp they can finally disappear from the news. Bring it on!

Various_Cup1802

BTC is only around 10% of my portfolio. It is not BTC *or* S&P500, it is BTC *and* S&P500

DerkleineMaulwurf

Exactly, money is being moved between assets, AI is the big trend until its overbought, woudn´t touch it aalready, big money will look for opportunity with BTC again once its cheap. AI is the bigger bubble than BTC at the moment.

Dizzyspite0815

DAX40 from Germany outperformed BTC since US election, since Trump (the Crypto president) won.

FriendsMade_MeDoIt

I can see that argument. In my circles, a lot of people treat BTC like the first thing to react when the macro mood shifts, while stocks can stay optimistic longer if there's a strong narrative carrying them. The tricky part is figuring out whether Bitcoin is actually seeing something ahead of everyone else or if it's just being more sensitive to rate expectations. If we get a more hawkish tone later in the year, this divergence is going to look a lot more interesting in hindsight.

DerkleineMaulwurf

So what? AI is a bubble nobody can deny, the talk is everywhere and its at a point where it could pop any day, Money is being moved between assets, Stocks, Gold, BTC depending on TRENDS and so on, stop panicking. Bitcoin is cheap right now and once the big money sees opportunity again BTC will go up, buy the DIP not ATH.

perikobtc

Claramente están vendiendo BTC en mínimos para comprar bolsa en máximos, terminarán todos pilladisimos en bolsa escampada en cualquier momento y vuelta a cripto. Ciclos amigos.

Tim-Rocket

What institutional investing did we see last cycle besides MSTR and El Salvador? ETFs went live this cycle, the "BTC reserve" looks like is now a thing (no idea how that's gonna end, but the narrative is there), and a couple more treasuries appeared. Also, MSTR is now on the NASDAQ, so while not directly buying BTC, pension funds had to buy MSTR. I'm just saying, there's much more money on the institutional side this cycle. How would this actually impact the market? Idksaf, rly. As I said, the drawdown could more severe than that of the previous cycle, or it could not. This is not a prediction, just an observation.

kadafyRo

My opinion is the same....we could see 50k$ BTC.

memetoma

The connection OP is making is that the same main investors of AI were also the main investors of BTC and while they are moving their portfolio they are still telling you to HODL and that there's nothing to worry about. OP is telling you to not trust those same people and to Saylor into the sunset instead with the money that you have left.

BigBigMooney

I’m in the same boat. It’s not easy but I knew this day would come at some point. Time to hodl. Take this opportunity to get to 1 BTC

1sw331

BTC has not top. It might have no bottom

Sotyka94

I know roughly the peaks and downs of BTC since 2016, I could turn that 1 BTC to like 10+ by now. Or like 5 BTC and a house.

NashDaypring1987

Other than BTC investors, would it really affect the average person? Has BTC gotten big enough to affect people not directly invested in it? Honestly, don't know. Just asking.

dev_mht

Survivorship bias. Pour chaque trader qui transforme 387K en 14M, il y en a 1000 qui ont tout perdu. Le BTC à 36M c'est facile à calculer aujourd'hui — mais en 2015 personne ne savait que BTC allait ×100. Et surtout — pendant 9 ans il a vécu, payé ses bills, géré son risque. Le gars qui 'hold et ne fait rien' en 2015 avec 387K... combien ont vraiment tenu sans vendre pendant les -80% de 2018 et 2022 ? Quasi zéro.

infolgedessen

Bought my first BTC in 2022 at 19k (€). Sold last year at 102k. Went dormant until today. Started my weekly DCA today. Let's go.

Davess010

People panicking like it's a big surprise that BTC is going down after a massive bull run. If you are panicking about these drops, then be prepared for a -80% low from ATH. I sold in November last year, after holding for 5 years. Now I'm DCA'ing again.

Fluid_Ad8452

Saylor’s 32 BTC was less than 0.001% of that, and look the effect it had.

veegaz

Thanks to me DCAing more today on salary day, BTC will drop to 40k

beanbalance

I am talking only about the last few days. BTC was going down but alts were going up in BTC and some of them even in USD. Now we see it was all a trap. https://www.reddit.com/r/CryptoCurrency/comments/1tu8vv1/daily_crypto_discussion_june_1_2026_gmt0/opbtu6e/

FileAlternative2020

'Dumped' 32 BTC lol.

One-Astronomer-8171

No, $0 is. BTC has no real value.

Hot-Industry8437

He sold 32 BTC. Thats nothing.

Competitive_Milk_638

AI is overbought too. Its crash will come when people start realizing it can't deliver what these AI CEOs claim it will. Then on-sale BTC will look like an attractive investment.

mookbrenner

How much is that in BTC?

adxmfeR

Everything’s getting a push back it seems haha people are still losing their heads over BTC price but i have a feeling it’s going to rubber band again. Here’s to both of us bro 😎

Idaho1964

BTC < 63000.

tjeu83

We are at peak bearmarket for BTC while Nvidia is part of a huge ai bubble that will eventually pop. Apples and pears.

Remarkable-Opening69

How did everyone miss BTC topping at $125,000?

Throwaway4VPN

I mean it's 1.5x if you go from ATH to ATH, but BTC did fall to 16k before rising to 126k which is almost 8x. That's a decent upside from the lows.

Adorable_Ms_G

A lot of newer investors learned this lesson the hard way during altcoin cycles. High-risk alts can drop 70–90% even without fully dying, which is why many people eventually move toward BTC/ETH for more stability.

CompetitiveDrawing89

1BTC=1BTC do not see a problem here

Waste-War8809

When has that happened? Sometimes (like right now) BTC will go down while stocks go up.. but historically the decoupling has NOT happened the other direction (where stocks are going down, but BTC is going up) - Maybe there are some rare exceptions.. but they are just that.. exceptions. Not the norm.

gushkaper

It's the same as every BTC bear market, always some news that look important then it's take-off time, probably around September.

zqipz

We are almost getting into buy territory… *almost*. Got a lot of negs forecasting $50k. We’ll be back baby. BTC though, alts are going to disappear this run.

Catbatt

BTC is definitely a good investment, but I would diversify in a few ETF's too.

eToroTeam

Price proving demand before the narrative gets the benefit of the doubt is a more disciplined filter than most. How long has it been since BTC actually cleared that bar for you?

eToroTeam

The network effect point is actually doing more work than the scarcity argument here. First mover advantage and liquidity depth are harder to replicate than a supply cap; that's probably the stronger case for BTC than the 21m limit ever was.

beanbalance

so alts holding while BTC was going down was a trap, now alts are dumping too.. amazing. Crypto truly is one giant scam.

Syrion1984

Congratulations on reaching that milestone and I see you've set yourself a new target as well! Truly inspiring stuff! Building on my whole BTC as well, 50 dollars per day!

TheresNoSecondBest

0.001 BTC for a hot (software) wallet like Bluewallet or Sparrow. 0.01 BTC for a cold (hardware) wallet like ColdCard or JadePlus. Do your research and try to opt for a wallet that's Bitcoin only (wallets accommodating shitcoins have much MUCH larger attack surface), open source (more eyes on the code), and in the case of a hardware wallet, air-gapped.

Patient_Craft2195

I'll be straight with you because that's more useful than comfort: putting six figures into Filecoin, Polkadot, and Kusama based on internet advice is the single most expensive lesson in crypto, and almost everyone here has paid some version of it. The rule most learn the hard way: **never put life-changing money into altcoins.** Bitcoin and *maybe* Ethereum can survive a brutal bear market. 90%+ of altcoins from any given cycle never reclaim their prior ATH. Filecoin, DOT, and KSM are all down 90%+ from 2021 highs — that's not a dip, that's structural. What to actually do now: 1. **Don't average down.** Throwing more money at a losing alt to "lower your average" is how six figures becomes seven. 2. **Tax-loss harvest.** Sell at a loss, offset gains elsewhere (depending on your country's tax rules). The IRS/equivalent will give you back some of the pain. 3. **Rotate what you can salvage into BTC.** Not because BTC will moon, but because it's the one crypto asset that has *survived* every previous bear. Altcoins mostly haven't. 4. **Stop taking advice from people whose track record you can't verify.** Anyone confidently shilling alts on YouTube or Twitter is either selling a course or holding bags they need you to bid up. The lesson costs what it costs. The mistake isn't being down 70% — it's deciding what to do with the remaining 30%. Don't make the second mistake worse.

SimpleMoonFarmer

Sorry, not regulation, rating agencies. Agencies assess not just the size of the Bitcoin stack, but whether it's usable capital — i.e., can the company convert portions into cash to meet senior or contractual payments without distress? A pure "never sell, even for dividends" stance would make BTC look like a locked-up, illiquid asset in their models, similar to how they treat concentrated, hard-to-monetize holdings in other sectors. This is standard credit analysis. For any company issuing yield-bearing instruments (preferreds, bonds), rating agencies stress-test cash flow coverage, covenant compliance, and contingency liquidity. Bitcoin's volatility and historical perception as "speculative" amplify this scrutiny for Strategy. https://grok.com/share/bGVnYWN5LWNvcHk_472ded28-bb62-42e9-86e9-cef0ebbdcc77

Flexerrr

Why would it be worth more now? Technology has proven to be useless and BTC is better store of value. Literally no reason to hold any altcoins.

Patient_Craft2195

The Saylor framing is doing a lot of work in this post. Strategy sold 32 BTC out of 843,706 — that's 0.0038% of their stack, raised to fund preferred stock dividends per their SEC filing. Same week they raised $128M selling common stock, which dwarfs the BTC sale 50:1. He's still a net buyer by structure. Calling that "dumping" is the kind of headline framing that turns a balance-sheet operation into a panic signal. That said — your bigger point isn't wrong. The macro divergence between BTC and AI stocks IS real. The smart-money names selectively trimming IS happening (Cuban, Kiyosaki's tone shift). But the "everyone who told us to hold is selling" line is a stretch when the headline name sold 0.0038%. The actual story is duller and scarier at the same time: BTC is pricing in tighter liquidity that AI stocks are ignoring because earnings are masking it. When credit spreads start moving, BTC will look prescient, not weak. Until then, the divergence sits.

bouldering_fan

Lol. BTC will go down to 40s. We shall see what the sentiment will look like then

FullClip__

Waiting for BTC to drop below 17 dollars so I can become a full coiner

komiCWords

I don't know legit or illegal deal runs behind the BTC market engine today but I bet 50k is not impossibility. I just save little saving in case that event occur before this year end. But don't count on me on this thesis.

ShyPoring

Wooow, 32 BTC? What the hell is wrong with you people? The 32 BTC were sold for accounting purposes and are barely worth anything. Stop freaking out so much. Nothing has changed.

clashofais

That rotation is the whole story right now. BTC weakness and AI-stock strength can exist at the same time because they are pulling from different risk buckets. I would not treat it as crypto dead or equities invincible. I would track BTC levels next to NVDA/QQQ and gold, then size around invalidation instead of ideology.

Real-Technician831

Shitting on Bitcoin cultists is fun. I sold my holdings when BTC first time peaked 60K, which adjusted to inflation would be 82K.

Dry-Pop-7635

My fear, and smart money fear, is that the investment into quantum computing due to the AI boom will crack BTC encryption. Someone with a brain help ease my fear.

Diszaster11

If its hit like 25k than the future of BTC is gone for the most.

Lavayo

You are right, of course that's the psychological reason. Which is totally overblown still, typical Mr. Market. 1. It's not the first time they sold. 2. Saylor said although he is known for the "never sell" phrase it's due to virality. He would like to have said: "never be a net seller of BTC", which is just not as catchy. And the clearly still are. They could sell 50k BTC and stay net buyers this year alone. 3. They did not sell for fun, and not because they had to but for specific reasons. This goes far beyond needing $2M for dividends. Counting the selling of 32 BTC as selling the bottom is... malicious. The cycle holds til it does not. Before STRC they were forced to buy at high prices, now it's different. MSTR bought around 50x the BTC in 26 so far than in 22.

FullClip__

I sold all my BTC a couple of years ago for a fat fiat profit. I might or might not buy some again when it goes below 26 dollars.

kepjoooo

A lot of us convinced ourselves these were real projects and not just another shitcoin. Turns out the distinction barely mattered. I made the same mistake twice. These days I keep it simple, BTC only.

SeparateCode2285

You are asking this in a btc sub- of course people are gonna be bullish about your case. Ask in finance sub and everyone will lose their mind over your decision. Here’s my take, since I’m in both- - diversification is important for long term wealth- especially for those who want to passively invest without following the market closely everyday. If you want to retire early, and the question is ‘when can you’ then you need to diversify. Seems like that’s your case. - you are a high earner, but are you comfortable with losing all of that 200k? BTC is a speculative asset with no underlying hedge- the only reason it goes up and down is because people believe in it. Now in near or far future there might be more institutional adoption that could 100x its returns, or not! It could go to zero and always be a fringe currency. In this case you are essentially gambling for a long time. Nobody knows, so you should be comfortable to lose it completely. If you aren’t, then reduce that amount to what you are okay to lose and only invest that in btc.

SideCharacter3

Doesn't this simply defer taxes for later when BTC rises up again? 🤔 And resets the clock for potential long-term capital gains tax?

StrangeApplication88

That’s not at all the way that works.  Timeframe, performance. BTC grow. S&P grow more. 5 year. S&P more money. BTC make less. You don’t need to come up with some nonsensical “oh the upside peak derivative random 3 year 5 year blah blah blah”. 

express_sushi49

If you zoom out far enough, every system of currency is a scheme. The dollar’s power is from the belief that it has value, simple as that. Do you think all of the old people allocating BTC to 5% of their portfolios/retirement funds know diddly squat about blockchain technology or give a flying fk about decentralization? The answer is a big fat no. It might still matter to some, but the majority of money going in is doing so to set & forget. In time, BTC will behave exactly like a slightly more volatile SP500 ETF if it doesn’t already. Tokenization and stocks IMO will have a convergence point where it all just blends to being the same crap. And we’re already seeing tokenized stocks, so we’re kind of already there.

Technical_Duck3515

[https://www.tradingview.com/chart/BTCUSD/n2iJnf7J-BTC-climb-back/?social\_toast=true](https://www.tradingview.com/chart/BTCUSD/n2iJnf7J-BTC-climb-back/?social_toast=true)

WorldlyAd8433

It's ok when BTC is 5% of ur portfolio. Even if BTC do a -50% you will not feel it that much. But if he does like a +300% you will be happy.

Ozzyosbourne007

Same ol panic in the streets People forget that BTC crashed 75% every 4 years. Let’s see where we stand in 2 years.

Select_Aide_6548

BTC is still literally \~300% higher than it was about 3 years ago. So while $60k "feels" cheap, its way way way higher than it was even in very recent memory.

GrixM

Looks like overnight BTC made a lower low, breaking the previous local floor from March. So it reached the lowest price since 2024. Not a good sign even though it recovered a bit. Setup looks quite similar to April 2022, and if it happens to play out the same way, BTC could drop another 50%.

missing_limb

It’s over. Eat the L, or buy more BTC

docoin56

I actually went through something similar recently… Got liquidated on a BTC trade and lost around $60k. Still trying to recover mentally from it. Leverage is no joke.

docoin56

I actually went through something similar recently… Got liquidated on a BTC trade and lost around $60k. Still trying to recover mentally from it. Leverage is no joke.

Vino1980

You can never have enough. The end game is not to sell but to live off your BTC.

magus-21

>Not as much as crypto. Just cuz it didn't work out for you... Since 2022? Might want to check that. BTC was ~$33k at its bottom in 2022. If you bought the S&P500 at its bottom in 2022, you'd be outperforming Bitcoin now.

sspecialists

If you hold BTC and you are under water, could try washing for farm for captain gain losses, and then continue to DCA at 60 and below.

Mr-Hyde95

Because there are fewer and fewer BTC, therefore its long-term value always increases. That's the theory

netoctave

For Mt. Gox, there is this hard deadline set by the courts. So the BTC liquidation would happen before that..

Bluejumprabbit

32 BTC is nothing. People are reacting because they finally sold at all. That chips away at the whole never sell mystique.

jkl2035

Think Alphabet - imho the risk for BTC is more driven from a economical perspective, I think of we don’t react fast and are ready at the time a quantum Computer will be available - even if not used - the will be a fundamental Crash of the whole crypto ecosystem, only a few projects will benefit which are already quantum ready, but the Overall market will suggeriert

Bluejumprabbit

This makes Strategy look messy, not BTC. Bitcoin is still Bitcoin. The company structure around it is what people are side eyeing.

LeftJayed

Like I said;  Now you can argue that BTC can't possibly continue to appreciate in real terms at the same rate, to which I will concede, but counter with the USD can't possibly avoid a solvency crisis at some point within the next decade that dethrones it as the global denominator.

Waste-War8809

It does.. but it also moves strongly with the stock market at times.. so if the stock market crashes its possible BTC will break its cycle as investors flock to cash or bonds in less speculative markets.

thelonghand

A single man can’t manipulate Bitcoin’s price that much otherwise it would be useless. Adoption is higher than ever. 10 years ago when Bitcoin defenders were saying ordinary people would be using it for everyday transactions people called them delusional. When defenders said Bitcoin would maintain its independence outside the confines of the bug banks and government control people said it was delusional. Yet Bitcoin has proven the defenders right to this day. Your average Gen Xer probably uses Bitcoin more often than fiat these days, it’s managed to stay strong without being influenced by firms like JP Morgan or even worse the US govt. The experiment has proven to be a success and $1 million BTC by 2030 or 2035 at the latest is inevitable. All of us who have studied Bitcoin for thousands of hours know this to be true.

Full-Atmosphere-4818

Saylor's ENTIRE hoard of Bitcoin now trades at an average loss. So his 32 BTC sold was likely at a loss too.

Leather-Ad-1253

Wash sale wouldn't apply to BTC on exchange or peer to peer. Wash sale would apply to paper bitcoin such as an ETF product. Spot BTC from exchange is treated as a commodity and you can buy and sell and buy within the same day. No wash sale. Paper BTC in an ETF such as FBTC/MSBT/IBIT, treated as a security and subject to wash sale rules. Now...can you sell IBIT and buy FBTC much like some do with SPY/VOO? Maybe...

Comfortable-Bit-126

I started buying when it was at 120k in Oct, my average buy price is 100k. I have no choice but to hold because I dumped 50% of my savings, holding 1.5 BTC right now.

pronebonedetector

DCA everyday with a precalculated amount for the next five years, after that I'm planning to sell some or all for a new apartment when me and my fiance are gonna jump towns. If BTC is then up a lot I have to take less loan, or then I don't have to sell all of the BTC, I can decide that later anyway. Because of this timeline the estimates of the four year cycle being stretched out are very fine with me.

malte_brigge

Got downvoted for mentioning this exact news event in another thread as one among several factors putting downward pressure on Bitcoin. > Mt. Gox still holds roughly 34,504 BTC valued at $2.43 billion. Best believe that almost every single one of those coins is going to be sold.

LibertyWithLiquidity

No, the fiat system is a sick, satanic system, nothing normal about it. Thank God for BTC!

LeftJayed

Let's just go purely off BTC's appreciation, even ignoring the first 8 years of early adoption growth, and just going off the last decade alone, BTC went from buying 0.53 ounces of gold per BTC to 14.4 ounces of gold per BTC. That's over 2,670% price appreciation against a scarce resource. Gold's market cap has roughly 4x'd since 2016, from $7.7 trillion, to $31 trillion. BTCs has nearly 100x'd. For the sake of easy math, we'll assume inflation rate roughly holds the same as it is (that's actually an overly optimistic outlook for the current global denominator; USD), at this pace, by 2036 gold market will be roughly $126 trillion. BTC will be at $129 trillion. Global GDP will be somewhere between $110-$140 trillion. Now you can argue that BTC can't possibly continue to appreciate in real terms at the same rate, to which I will concede, but counter with the USD can't possibly avoid a solvency crisis at some point within the next decade that dethrones it as the global denominator. There's a reason almost every macro economist on the planet is already personally balls deep in crypto. The writing is on the wall. Nation States will gnash their teeth and thrash against their dying light, but their fate was sealed the day the world agreed to the terms of Bretton Woods. It's not a matter of "if", but "when." Hard money has a perfect win record against FIAT currencies. The only difference between now and any other time in history, we have a form of money harder than precious metals.

nikky_bg

All the money now are flooding into stocks. I have some buy triggers for BTC and don't even bother to analyze it.

DepartmentTall4891

Theres a $49,000/BTC blessing coming soon.

antiquespaceship

I honestly feel like that with the move towards stable coins, a lot of legacy crypto including BTC seems not super useful. I’ve been dumping most of my crypto recently because I actually don’t see the use case the way that I used to.

Hot_College_1343

When BTC was 125k, people would say price would never drop below 100k as institutions would buy it up so quickly…

ubermensch1001

Yes, I'm predominantly BTC but also have positions in ETH and ADA. I was way too heavy in alts from 2018 through 2021. I exitedbfron my alt positions back then years ago, converted my ETH into Bitcoin early 2024 and didn't touch it again until spring of last year when I made a lump sum purchase at a hair under $1400. ADA I steadily accumulated tail end of 2022 through fall of 2024 and also made a large lump sum purchase very recently. However, this year I've been predominantly BTC and plan on accumulating at a comfortable rate.

No-Country-8176

Well the truth is BTC never promised to return anything and AI companies are promising trillions of dollar return. While it gonna take 10-20 year to recover expense.

Mister_Way

You said BTC is down 50%, therefore the "reduced volatility" thesis was incorrect. However, in the past, volatility was as high as -95%, so 50% is much less volatile. It will still have an extreme emotional impact on investors, but it is not nearly the same level. It must fall in half an additional 4 times to reach the old levels of volatility it used to display.

Just-Complaint-2094

Great. I have been for a year and never happier Sandisk alone has brought me 96% returns while BTC sits and does shit. I hope it skyrockets but it won’t Maybe in 2040

Illustrious-Boss9356

Everyone's talking about price, which is why I'm still less than bullish. There is a ton going on in the world as it relates to BTC: BIP-110 fiasco and risk. Quantum computing advancements. Countries shutting down the use of BTC. It being much less pseudononymous as more CEX's are working w authorities to identify wallets to create paper trails. Miners and mining pool consolidation. Hashrate stagnation/drop. Power being more competitive due to AI needs. Future security budget concerns. My worry isn't that these risks exist, there will always be risks w anything. My worry is that the MAJORITY of Bitcoiners don't know or care about these risks. That's the fact pattern I worry, and until we see some change there, I have paused my DCA. I even sold a few BTC when Saylor sold earlier this week... first time I have sold BTC in over 7 years.