BTC

AnalystKeishaTrades

BTC was created in 2008 by nakamoto as a peer-to-peer electronic cash system that lets people send value directly to each other without banks or other trusted middlemen. It was designed mainly as a response to the 2008 financial crisis and the risks of centralized money systems such as inflation,censorship,bank failures,and reliance on intermediaries. Decentralized and censorship resistant (no single authority controls it,Fixed supply of 21 million coins (harder to inflate),Borderless and relatively low-cost transfer,User control of funds via private keys (financial sovereignty),Transparent,verifiable transactions on a public blockchain In conclusion:it’s digital money that works more like cash, but online and without banks.

SenatorAstronomer

Money in most banks is insured though.   Keeping your BTC in a cold storage wallet isn't like keeping cash under the mattress though. 

Alexander-305

Honestly that pattern makes sense to me, and I don't think it's coincidence. When people dump alts they usually want lower volatility without the hassle of an off-ramp, and anything that stays on-chain but isn't priced every second by a 24/7 market feels like shelter. The catch I'd look at in your data is liquidity on the way out. A token tied to real estate or a startup can look calm mostly because it barely trades, and that calm can be misleading. If people can't sell or redeem quickly when crypto rebounds, a lot of that "stability" is really just being locked in 🤔 I'd also check whether the same wallets rotate back into BTC or alts once the market recovers. If they do, it's mostly parking. If the money stays put, that's real demand for the asset itself.

Supremo_bean

Just go all in and sell when you think you've made enough. I'm in my second cycle now. I won't sell till BTC reaches $250k USD. I have gone from 95k BTC --> 20kBTC and a $187K BTC --> $69k BTC (in Aussie dollars). But it always goes back up and we go high! Ride the wave baby!

Fluid_Garden8512

>Everyone could withdraw, but everyone won’t withdraw If you had all your BTC on binance and didn't withdraw when able to that would be insane. Has nothing taught you anything since FTX in being that last to withdraw?

DaleAguaAlMono

1. It will, but governments will more and more try to convince you that using "cash" is only for narcos and fraudters. 2. I don't know; I'm not so sure that countries won't try to make use or custody of BTC more and more difficult as soon as they have their CBDCs up and running...

TexFarmer

TLDR BTC was developed to be trustless money.

Wise_Loquat7801

You weren't the only one. Your 0.8749 BTC was merged with 5.19 BTC from 19 other addresses into a single output, and that output went straight into KuCoin's hot wallet — a KYC exchange. Whoever took it accepted that a stranger's ledger now knows their name. There are 108 BTC sitting in that wallet as I write this, and 347,091 BTC have passed through it over its life. Your crumbs are in there with everyone else's. He paid 0 sats of fee. You paid 9,874. The chain, for the record: Theft: [https://mempool.space/tx/5ba8a07d7deb2cd7c12cac128336ca356d6eb866f46f03cda0f86796906d4d73](https://mempool.space/tx/5ba8a07d7deb2cd7c12cac128336ca356d6eb866f46f03cda0f86796906d4d73) Attacker: [https://mempool.space/address/bc1qzla0gkvtr6aqpfa8m24lvucx36evt8e8tu6537](https://mempool.space/address/bc1qzla0gkvtr6aqpfa8m24lvucx36evt8e8tu6537) Mix with his own coin: [https://mempool.space/tx/e4892902b0225e5b9e9ba08a1b062f4f813e6a3517c6c46ec45a46eddec1e501](https://mempool.space/tx/e4892902b0225e5b9e9ba08a1b062f4f813e6a3517c6c46ec45a46eddec1e501) Consolidation into KuCoin: [https://mempool.space/tx/96331d966c34300ab16a37ca05dd5eab3bfc57de2e776025c933d9faf37a5236](https://mempool.space/tx/96331d966c34300ab16a37ca05dd5eab3bfc57de2e776025c933d9faf37a5236) KuCoin hot wallet: [https://mempool.space/address/bc1q9wvygkq7h9xgcp59mc6ghzczrqlgrj9k3ey9tz](https://mempool.space/address/bc1q9wvygkq7h9xgcp59mc6ghzczrqlgrj9k3ey9tz)

StrongProgress7449

Not looking isn’t necessary if you know what you hold. I started in 2021 near the ATH (69k) at that time, with the goal of all in….bought a whole BTC in the 50’s and continued to buy all the way down to mid 20’s. Didn’t hit the 16k low unfortunately. I have multiple now, have watched price continuously and followed and listened to lots of “maxi’s “ the entire time. Haven’t sold any and trying to add a little here and there occasionally. Forgetting about it isn’t necessary- conviction and long term investment horizon attitude is necessary

Stock-Appearance-292

Well Bitcoin was created to give people control over their own money without having to depend on banks or governments. You can send it to anyone, anywhere, without needing a middleman. Another big thing is that there will only ever be 21 million BTC, which is why many people see it as a way to store value long-term. Of course, the price goes up and down. What got you interested in Bitcoin in the first place?

makemisteaks

It’s the reason I became a maximalist. No other project can ever have the same potential. BTC grew organically, from 0. No team, no vesting. Just an idea.

10kpizza

Coinbase holds about 880,000 BTC on behalf of its exchange and institutional custody clients. That's a very big incentive if you can hack and steal that.

cryptokeyhole

You can put a number on that, at least for BTC. In the December 2022 run the worst day (13 Dec) took about 40,500 BTC off Binance's published addresses on our node, about 9.5% of what sat there, and about 17% left within the week. The same percentages today would be about 61k BTC in a day and 107k in a week, against about 645k at those addresses now and 5-9k going out on a normal day. So a repeat of 2022 looks like a rough week rather than the end.

10kpizza

If you measure in BTC rather than fiat this one is nowhere near the biggest

cryptokeyhole

Painful is right. 5 GH/s earns about 0.2 sats a day now, so one sat every 5 days or so, and solo it'd take around 4 million years to find a block. The same box in July 2013 would've made about 0.12 BTC a day, and by January 2014 about 0.002. Good one to keep on a shelf.

Interesting_Loss_907

I remember that sub 11-12 years ago & the Buttercoin losers were saying BTC has already failed because it was only worth around $300 (after having peaked at $1100 in late 2013). In those days of course they did not want to look back several years. They wanted to cherry pick only the timeframe that helped their argument. So they would look at it going back just one year or to whenever the peak price was and then talk about the negative return from that point. Guarantee you none of those people on that sub have admitted that they’re wrong, even though BTC has far out performed every stock index since that time.

10kpizza

When priced in BTC rather than fiat this one wasnt that big. MtGox still holds the record for that IIRC

Muchy_Tangerine

Not many shops in LA actually take BTC at the register even if they are listed as bitcoin friendly, a few spots around Venice and Downtown but its hit or miss. I just use Walden Pay card for everyday stuff. It spends from what i hold and shop only sees a normal card payment, way way hassle than hunting for places that takes it directly

Wh-h-hoap

Well, I have to say that I don't personally hold my own keys or haven't experienced self-sovereignity, but I do have some skin in the game - and that *none* of this has anything to do with my ability to predict BTC price performance.

Wh-h-hoap

Bitcoin does come down, but it rarely comes *back* down. The fact that BTC stands at \~80k while performing badly speaks volumes. What did everyone think it was? And correct, big money has been made. As for the sheep comments - are you mentally challenged?

FrugalityPays

Coinbase Prime Execution Agent is the setup used by ETFs like IBIT and Bitwise, which name Coinbase as custodian. Fidelity custodies its own BTC through Fidelity Digital Assets. That link also has a ChatGPT tag on it. Can you quote where it names Fidelity specifically? Fair point that Fidelity Crypto isn't SIPC-covered though.

Awkward_Potential_

Dollar Cost Averaging. Buying at a regular pace and not worrying about day to day price. Buy $50 every payday. If we're down, you're getting more BTC in your buys.

Alexa_2005L

We can’t even come up with one BTC, so let’s not worry about them lol

Dr-Slay

Just my opinion, but the "grass roots cypher punk" days are over. Happens with everything like this. 2014 Coinbase, whenever Binance started; those were the first layers of ruin. 2017 CME futures was the biggest nail in the coffin. Compare the lows between the BTC crypto chart (or even teh Bitstamp one) and the CME BTC futures chart. Look at it on the monthly chart. See the divergence? Plot the highs, lows, and midpoint of the entire range of both charts (their entire history). Go back and do this for all the "bitcoin cycles" see how it interacts with the 25% range as measured from low to high? This time we've only gone to 50%. Anomalous. So anyway. Then the IBIT ETFs (among others). It's not total control, but it's close enough. Over time it will probably continue to appear to increase relative to other assets. Fundamentally though all money is based on object fetishization ritual behavior. Care more about the people in your life and help where you can, all I can say at this point. DCA is still a solid strategy, just don't put everything in BTC. Have some cash. Have some index funds, money market earning interest, etc. Nothing we do or participate in will last forever. Money sucks. Life sucks. Don't breed.

MSmithRD

Fail is in the eyes of the beholder I guess. Personally if I saw the S&P 500 get a 10% yearly average return in 3 years and see BTC at 60K, I'd consider that a fail. But that's not all that's possible. There's definitely a non-zero chance BTC could be at 30k or even lower. I put it at 33% chance it beats or significantly beats the S&P500, and a 33% chance it matches it (roughly) and a 33% chance it does worse or significantly worse. Again, I'm a bull and think it will do well, but to answer OP's question "Is it even possible to fail just go all in at 77k?" and the answer is: Absolutely. A good chance. Also a good chance it will do well, but it's far from a sure thing.

ep193

Yeah, let’s start a run so BTC crashes and we all loose all our money. Stfu idiot.

byoung1434

“  After that, I still understand that FIAT is not viable, but how can BTC be if in a matter of seconds I lost my family's retirement plan?” You have a misconception of what gives government issued currency its value, which is the nations productivity and the government’s ability to tax it.

MackinCeleBrini

"Better returns bottom to top" yeah that's picking exact entry exits for the highest amount. Not growing is just math. The math of now decades (as in more than 1.0) of return rates, the "cycle" and it diminishing greatly round to round, and the general math of how you expect something worth Trillions to grow vs Billions or Millions. People bought BTC a decade ago, held for a mere 5 years, and walked off with $100 per $1 put in, god bless. Post 2021 growth won't look like growth to 2021, and even your average coin holder probably wouldn't like the total results on their community and the economy if it did.

PeacockMamba

So someone had 185 BTC on an exchange (they didn’t own it anyway)… soft target, matter of time.

MackinCeleBrini

You just cherry picked a bottom to top in cycle? Yea those are good, but someone probably did the opposite too and bought top and sold bottom. Folks who have bought BTC the last 5-6 years could all sell today and would have more or less similar purchasing power collectively vs consumption the day the bought. The days of $1 to $100 in 5 years are long gone. Buy and hold now based on wanting BTC, not some future decade long race with a Vanguard Growth Fund. If you want returns, that's all, find your exit number and get out when it gets there in the next run, so you can chase higher growth than BTC will likely see post next run.

MackinCeleBrini

You are aware you just cherry picked the bottom to top. Which btw used to also be way more volatile in prior cycles too. BTC is trillions now, it just doesn't grow anymore like it used to, nor should you expect it to. It also probably won't collapse temporarily like it used to. Either that's an issue as you wanted BTC to raise your purchasing power, so you picked it over some Vanguard growth fund, or you don't care and will hold it anyways. If you want growth in dollars it was probably a good exit to exit at >100k, but you'll likely get just as good an exit or at least similar if you exit at the next run. Given diminishing growth after that, if you hold, just do so without expectations you get to tell people "have fun staying poor" and all that stuff.

JeremyLinForever

I think it absolutely offers insight to the argument. If you sell, we can see exactly how long it takes to get the BTC scooped up and at what prices. People can hold whatever assets they want, but the truth of the matter is property is done for with these high interest rates, the stock market is insanely overvalued, the S&P 500 is just being pumped by the top 5 companies and so many companies below them is misses estimates or misses revenue. I just think you need to sell your BTC for stocks and come back crying in a few years.

RiskOnOnly

I’ve been holding Bitcoin since 2018. At this point, I’m looking for ways to maximize my Bitcoin gains and get amplified exposure rather than simply holding BTC.

Impetusin

MetaMask should be a temporary holding method for trading and no more than you are willing to lose. Coinbase has some really good physical security measures that go past the technology, which makes us less agile for trading etc, but safer!!!!! No, I don’t suggest you stay away from BTC. Not yet. The protocol itself is rock solid and secure.

windex8

It is viable. Here’s the difference. My brother told me to buy this thing called bitcoin while I was making more money than I knew what to do with. BTC was $42. Had I taken one paycheck, that $8800 would be worth 33% less today, and the interest wouldn’t have even zeroed out the inflation. That same 8800 would be worth over $16,000,000 today. And, I want it to be known I called my brother retarded and instead bought an IWC I took a loss on 😂

Professional_Run2842

Yes , buy BTC with everything you got .

kevin-creates

For me, it was back in 2016-2017 when it hit right around $20K for the first time. I had been loosely following it since its inception but back in 2009-2010 it was too hard for me to grasp the importance much less have the technical know-how to store it. If I only had a time machine to shake the crap out of my younger self to figure that out. More ah-ha moments came when I started listening to audio books on sound money and just how jacked up our monetary system is. Not just in the States but around the world. It's insane to me, actually. So, now I'm full on BTC Nerd, run mining rigs, DCA, everything except running my own node. That's next on my list.

mpbell

I get that this is not how BTC is supposed to work, but in an undisputed hack like this, could 51% of the nodes agree to reverse the transactions?

Awkward_Potential_

Not your keys not your coins is a tough lesson. But people who learn the lesson are better for having learned it. Stuff like the Coldcard hack was way worse from the standpoint of holding BTC long term. This is just an exchange hack. Also, who lost their coins? Binance is making everyone whole afaik.

MMButt

Is this a joke? I didn’t realize people are thinking of 10k. Bitcoin losing >90% of its ATH is not a good thing for anyone interested in long term holding. 10k. Then what? You can finally be a whole coiner and you hope it will triple again? If you’re going by history for non-BTC coins there isn’t any precedent for losing 95% of ATH then doing a 100x again. And yes bitcoin was first and bitcoin is different but it will become even more niche and a sinking ship if you have to convince people to buy something that is down 95% and say it will definitely come back. Think this through. It’s not just about how much bitcoin you can accumulate. Why would you want to put thousands into something that everyone else is losing faith in without a guarantee of coming back?

Farmer-beginner

If that happens, can you imagine a line of people waiting to buy BTC cheaper? Generational opportunity for many.

OtherwiseNeat9617

Its noted... everywhere. Do you think they kept all of it in one hot wallet ?? Also, more information. Ethereum smart contracts caused the hack. Native to ETH. If the BTC was in its own wallet it wouldn've been safe. Shit coins again

Scared-Permit2587

I have my stack in one of the large ETFs. Why is that not viable. If BTC goes into the millions so will my ETF. Leave the cold storage/hot storage to those guys with all the indemnity that confers. All the "my keys my BTC" people are more worried these days than the ETF holders.

Technical-Ad-8678

id do 25 months for 185 BTC, whos with me?

Kommandant_Milkshake

I 100% agree, and my money is where my mouth is, almost all my BTC exposure is IBIT. Blackrock is the largest asset manager in the world, no way they'd let a disaster like the recent Binance hack happen to them. The primary custodian of IBIT's BTC is Coinbase, and most of it is kept in cold storage, unlike with Binance's recent hot wallet hack. With IBIT, you also get access to options, shorting, and margin, which you don't have with BTC directly on major platforms like Robinhood.

Next-Succotash-3827

Yes. That is absolutely correct. But for my peace of mind I had to legit go. Thank goodness I still have the majority of my holdings!! LoL. But I lost probably an accumulated total of 1BTC. Celsius users also experienced this. These exchanges were loaning out users funds and we're highly leveraged. Then when the inevitable crash came the funds were lost!! Criminal behavior for sure.

Kommandant_Milkshake

Well, if you add or subtract a year from that chart it's beating the market by a lot. The arbitrary 5 year time frame just so happens to coincide with the peak of the last cycle, and the bear market of this one, so of course it looks bad. I still believe that BTC will beat the S&P 500 by at least 2x this cycle.

Thathitfromthe80s

Yep I’ve had the majority of my BTC at fidelity since 2017. It felt “uncool” at the time but not til recently do I feel much more validated on that decision.

Fred_Dibnah

Is it possible for them to even spend the BTC?

Maleficent_Map5897

BTC is more of a volatility instrument now as far as investing goes. There is still plenty of money to be made outside of price appreciation

Weird-Web7456

U ppl kill me. Age well? It’s been 4 days… It will hit $250,000 min by the end of this cycle just about to start. I gotta get off this thing. U must’ve made ur first BTC buy 14 days ago. Just sell it, all $14 and go by a scratch off

Weird-Web7456

What are u even saying? Just trying to be funny with a joke that makes no sense and 14 ppl vote for this stupid comment. Bunch of front line soldiers you guys are. HE DIDNT MEAN IN 4 FUCKIN DAYS DUMBASS. Please sell ur $12 of BTC and go buy a scratch off

Badj83

Why is everybody talking about the 5 year return today? You’re taking willingly taking the highest and lowest data points of a notorious 4 year cycle and drawing dooming conclusions. If 5 years was your timeframe when investing in BTC at ATH, you might be as dumb as you sound.

Tobias_CBC

That’s a fair distinction: holding up better than metals is relative resilience, not proof the decline is over. I’d look for BTC to reclaim and hold a defined level with spot participation, rather than treating one comparison window as strength.

Lavayo

Because they understood it's not: Fiat vs BTC / Altcoins but Fiat / Altcoins vs BTC Altcoins are privately minted Fiat currencies on a blockchain.

devCheckingIn

ETFs got destroyed and obliterated and annihilated and explodeded yesterday, but BTC price didn't move as much. Does that mean we see the price move when markets open Monday? I can never figure out the timing on big ETF moves vs. BTC price.

aeklund68

If there wasn't an AI related trade staring BTC in the face, I think we'd have a different situation. AI stocks are serious alpha opportunities whereas BTC, at this time, is not behaving that way. In fact, I imagine most retail inflows are going to NVDA, MU, and SPCX, rather than BTC. If AI didn't exist, it wouldn't surprise me if BTC was over $100K right now. There's limited money in retail.

Odd-Internet4497

In my opinion, all of this is happening as if it were orchestrated to push out retail investors. Maybe I'm wrong, but as time passes, we see fewer and fewer retail investors and more and more corporations coming in and buying BTC.

FireZig

interesting, what's the tax called for this? When I was researching BTC mining in UAE with a licensed mining company there was no tax included. What's your setup exactly?

LittleLeeno

That's an interesting perspective. Whats your bottom line though, that BTC isnt worth holding?

phikapp1932

They valued the BTC at its USD value of 18k even though it was worth 55k at the time of payout

Gloomfang_

People keep it in the BTC because they expect a better return not because it's safer

6DeliciousInches

Binance assets under management is $160 billion. $5 billion was stolen. ONLY $155 BILLION REMAINING AT BINANCE ARE WE FUCKED OR WHAT?????? FTX had $9 billion AUM and misappropriated… $9 billion in customer funds. So let’s go over once more. FTX lost all the money. Binance lost not 5%. Final point, a pump is a $1000 BTC 1 min candle.

SenatorAstronomer

Do you believe in BTC or are you buying it straight as an investment vehicle? I find it not at all ironic that this post comes up after BTC dropped nearly 10% in the last 24 hours.   If you are looking for a quick profit, move on.  

Rortherina

Hey! Think like it was a normal bank transaction, where you setup the receving address of the money. Electrum, the wallet (or bank in the example) I was using, is the thirdparty that connects my money to the BTC network (blockchain) BTC has a system that the more fee you pay, the more the network will prioritze your transaction to be executed. So, I tried to execute a normal transaction, and it failed due to network capability. Since it was a large sum of money, I just wanted to get the transaction through, and in the moment I tried to rexecute it paying a larger fee (to be prioritized), Electrum (my wallet) had a security breach that allowed a hacker to change the receiving address of the transaction. The hackers address has the same 2 and same last 4 characters of my real address, so, since I had already checked all data many times, I just checked the last part, and sent it again. With that, the coins were sent to the wrong address.

Perfect-Expert9533

This statement is actually pretty accurate! “When in doubt, zoom out.” means that when you can't figure out where Bitcoin is heading on the 15-minute chart, step back and look at the bigger timeframes. “Trading Bitcoin on a 15-minute chart is just astrology for men.” means some traders try to predict the future using chart lines and indicators, almost like reading a horoscope. But there's a difference: 15M: Short-term moves, more noise and fake breakouts. 1H: A clearer picture of the short-term trend. 4H: Bigger swings and more important support and resistance levels. 1D: The overall market picture. Charts aren't magic. Technical analysis helps estimate probabilities, not guarantee outcomes. A simple BTC trading rule: Check the 4H for direction, the 1H for key levels, and the 15M for entry confirmation. Always define your stop-loss and risk first.

Odd_Delay4411

Good luck to try to sell significant amounts quick with KYC/AML regulation in place. Nowadays you need to bring your BTC weeks earlier to a CEX. Since all the kafkaesque hoops you need to jump through take weeks, sometimes even months. By now I leave always leave some on a couple of exchanges to be able to sell in time. This really sucks to be exposed like that all the time.

kgtrip

So, what's your recommendation? What can an average crypto user with some coins in MetaMask actually do to protect their assets? And secondly, would you stay away from crypto and BTC altogether for the time being?

steelchairframe

I believe the current CAGR of BTC is around 30%. Pretty good returns but not getting dividends hurts commodity buyers. Always has and so only raw price helps ease the burden of poor performance. Probably best to exit positions at the next ATH. Inflation will make sure it has an ATH, hopefully it's inflation adjusted ATH!

steelchairframe

This is stupid and offers no insight to either argument. If anything it drives home the loner mentality that many BTC holders posses. They can't fathom that people might own stocks, property and BTC and so they might be comparing their returns. OP capitulating doesn't magically create the next leg up. What a ignorant idea. If anything I'd say BTC needs less arrogant people like yourself.

nugymmer

Yep, but try telling some alt coin bagholder who is trying their hardest to hope and cope that BTC is the only thing that will save their ass in the end. You have a better chance at picking the highest cherries from any given tree.

Rortherina

Hey man, thank you, I feel very touched by that. I tried to set up a Go Fund, however it does not work for Brazil. I am looking into international solutions for donations (any suggestions?), however, if thats what your heart tells you to do, you can donate to my BTC wallet address - the same one I mention in the post. * **bc1qnjtc6qwqshq7s8swfh8ww0lv63pt4t6mku6537** I edited the post to include a donations topic, commiting myself to sahre with local comunity here in Brazil every penny that exceeds the 0.87BTC that were lost. Thank you for that and God bless you!

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BuildingThink

The question is, which vulnerability they used to stole such BTC? Is it still there? Is it just something related to binance?

nugymmer

I keep fucking saying that BTC is the only game in town.

wkhan-74

A 10-year chart can prove BTC went up; it can't refund the years your money sat there.

Narrow_Comparison_58

Doing the same ... 1. DCA at a flexible pace (e.g.: not exactly every Sunday, but the same principle of buy low) 2. Other options accumulating BTC via purchases in daily life (e.g.: Lava) Disclaimer, not affiliated with any 3rd-party platforms, all my independent opinions and personal practices.

FreeAppeal6537

Moral : No matter how much you mine/own BTC, North Korea is behind you.

SingularityXZ

Sorry guys I was the one of those guys selling all my BTC for USD... To BUY the freaking DIPS lmao. No gambling btw.

kneading-cnnuy

Nope BTC did that too, once https://en.bitcoin.it/wiki/Value_overflow_incident There's nothing inherent in blockchain that prevents walking back transactions, as long as the majority agrees

SeriousGains

Probably should have been more specific. DCA HODL **BTC.** Have I bought and sold other coins? Of course, that’s where greed comes in. Haven’t sold a single sat in 8+ years.

the_fsm_butler

No, you said BTC is bad for transferring wealth. And yet, here you are, refusing to prove your point by sending me BTC to show me how bad it is at transferring your wealth to me.

stunvn

BTC Withdrawal Suspended The wallet is currently undergoing maintenance. Withdrawals for this asset will be resumed shortly. Set network recovery notifications reminder

the_fsm_butler

I don't. Send me strait BTC, and I'll send you my heartfelt thanks. No intermediary tokens required.

Always_working_hardd

So, now that Fidelity and Schwab lets you buy BTC on their platforms, what now? Is there insurance through the brokerage?

Kommandant_Milkshake

It’s hilarious that they unironically use the 5 year chart argument. Cherry picking a date range doesn’t mean shit. I bet they’ll be real quiet about a year from now when the BTC 5 year chart will be measuring from the 2022 lows.

Oddsee

I think the best way to find your answer would be to read The Bitcoin Standard. Contrary to the title, the book is less about BTC and more about criticisms of Keynes and Keynsian economics. IMO the argument that we *need* inflation for growth is fundamentally flawed, due to the way we view/measure growth itself. For example, it's great when your stocks reach all-time-highs, but what about the rampant enshittification and mass layoffs used to get there? It's both unethical and unsustainable.

Fran4king

Because it will be quantum cybersec. BTC at 1 point will fork the hole project into a new one with quantum solutions.

vortexcortex21

Because BTC is not good for the use case to transfer wealth.

ngalsurf-1

There are outfits that will get your BTC back for you and don't charge you unless they get it and you have to pay a small percentage of what they recover.

azdcaz

Idk Germany sold 50k BTC worth 3B and it didn’t move markets. That was when the market was smaller. Last I saw only a little over 1B of Bitcoin was taken and not all sold yet.

dsk83

10yrs has passed since he bought BTC, not the same as 10yrs experience managing self custody

Born_Astronomer_4613

Yes it's safe. The price of BTC is going to explode in the near future. If you're holding BTC, you will be really rich.

DontLook_Weirdo

People either enter the stage understanding that playing this game could be fatal, or they learn along the way eventually. There has to be some level of comfort knowing that, and understanding financial terminology... Both of which are required and learned along the way. If you're not too computer savvy but understand what you're getting yourself into, stick to exchanges.. hope theyre never hit, and if they are, that their insurance covers you fully. My biggest issues with exchanges is their ability to freeze funds, sell or buy buttons... On another note, I'm grateful they were able to help their clients but the fact that they can doesn't sit well me. I use a hardware wallet because I am comfortable managing my own funds and I genuinely do not transact any type of coin online. I only ever buy, accumulated, and transfer out of the same seller (strike) - I have only ever paid with BTC once and that was for shake shack. I don't speak, wear, or fly any flags related to BTC - just like I don't speak about my Roth IRA. What happened to binance is tragic, but they won't disappear.. they're literally too big to fail at this point and will be bailed out if anything happens. This attack, although humongous, was not enough to severely damage them... But even with all that, I'm still perfectly comfortable handling my own. I understand the risks, and I understand even I'm not safe .. but that's the risk I accepted.

Born_Astronomer_4613

The reality is that BTC will hit $1,000,000,000 within 36 months.

MackinCeleBrini

Bro, just make peace with any wild gains you made years ago, without pretending they will repeat. To be frank you probably don't like the world as much if BTC does another 100x-1000x in half a decade like it used to. If it tracks stocks that fine. There is a real decent chance wild BTC growth from here is as bad for you as good for you, given what that probably means for everyone else.

Asleep_Conference_57

That's true - inflation is often celebrated by governments these days as you say as it tends to push debt to GDP ratios lower. To clarify, I'm referring here to the risk-free rate of return via government bonds or savings accounts. BTC can also be used just as well as fiat for risk-bearing loans with interest payments, sorry if I wasn't clear there. As you say both those things stimulate economic activity. Bitcoin is a better store of value as it has massively outpaced inflation over time, no argument there! It is however absolutely not a better currency and I think most people in this community accept that to a degree. Fiat (in developed nations) is instant, transferrable, secure, has minimal volatility making it a reliable unit of account for businesses and individuals, and is backed by national governments and by proxy their militaries. Most sensible pro-fiat people agree it should not be used ideally as a long-term store of value, shares, commodities, crypto etc. are much better suited to that purpose. Fiat, at best tends to maintain parity with inflation over time if it is held in interest-bearing accounts. The one thing I will say for BTC as a currency is that it has extrinsic value in that those in war-torn or sanctioned countries may need to get their funds out in a way their government cannot censor. That is the one area I believe BTC is superior to fiat.

Asleep_Conference_57

>why fiat is more worthless over time Just to wade in here on a technicality: fiat itself may become worthless over time ($1 buys less now than $1 did x years ago), but only if the real interest rate is negative. Fiat currencies allow the accumulation of interest whereas BTC by its very nature does not. It's not fair to say therefore that all fiat becomes worthless. If you can earn more interest per annum on that currency than prices rise, by definition it is becoming more valuable over time. This is the case across USD, GBP etc. right now and has been for a decent chunk of history.

termin8rs

People like you are why civilized people don’t tell anyone they hold BTC.

Fun_Professor_4324

With all the chai analysis companies and AI watching the chain, it’s very unlikely for them to cash out 18k BTC. Bitcoin doesn’t have a proper working mixing service like Tornado Cash or Railgun that ETH has. The amount is too big, everyone has their eyes wide open. My guess is it will stay still for a very long time