BTC

Pleasant_Maybe_5523

Sounds pretty risky tbh. If BTC drops hard, you could lose your collateral and still have a bank loan to pay off. I wouldn't take that kind of stress.

ADD-DDS

Yeah but a heat pump can’t mine BTC

Fluid_Blacksmith560

What can you buy with BTC, other than fiat currencies and a coffee at some cafe in El Salvador?

oneothergamer

Paper BTC is a way bigger problem IMO

kgsphinx

With that much hardware, they probably mined plenty of BTC and made a decent profit. You should change the title to “closed” from “failed”. They could salvage some of that. Definitely should have cleaned up their mess though. That’s always annoying to me. Leaving crap for others to clean up.

JollyInspector3387

That's a properly grim situation, and the silence from Apple after you've done everything by the book is the part that really grinds. 0.9 BTC is a life-changing sum for most people, not just a casual loss. The bit about signature verification is spot on. On desktop you can build from source or at least check a PGP sig, but on iOS you're completely boxed in by whatever Apple decides to rubber-stamp that day. Their review process seems to care more about in-app purchase rules than actually catching outright impersonations.

Shoddy_Peanut7320

Nobody can call it from here, but a few measurable things separate “another cycle” from “structural decline”: whether altcoin volume and open interest are rising or falling against BTC, how many coins have real revenue (fees, users) that you can check on-chain, and whether stablecoin supply on those chains is growing. Alts are a poor group to treat as one asset, since a few with real usage can do well while most go to zero. Looking at past cycles, they’ve lagged BTC for long stretches before moving, so a rule written down in advance (for example, a position size cap and a review date) beats trying to time it. If you’re sorting coins by quality, Cymetica’s Gem Screener ranks tokenized crypto apps and chains by upside versus revenue, which is one way to filter for real usage.

crunchyeyeball

Not usually a fan of AI, but while trying to get some translations, Google AI seems to have nailed it: > This image appears to show a fake or heavily modified Bitcoin Core wallet screenshot, likely used as part of an online scam. You cannot spend this money because the funds are not real. Several technical inconsistencies in the screenshot indicate that it is a simulation or a falsified mockup: > > Fake "Wallet.dat" Scam: This exact layout—showing an old Bitcoin Core interface with a balance around 107.59 BTC—is a well-known template widely distributed online. Scammers often sell or share fake wallet.dat backup files claiming they contain millions in "lost" Bitcoin that just need a password to be cracked.

TheresNoSecondBest

I can also link to a random watch wallet with 100 BTC.

tenor_tymir

Thanks, so far all of my UTXOs are >0.01BTC, so I’ll do what I do best: absolutely nothing.

Alfador8

A few things: When consolidating you want to send multiple UTXOs to a single address in a *single transaction*. Send it all at once. This avoids address reuse. As far as privacy, the consolidated UTXO will inherit the KYC of every individual UTXO, so it's best to consolidate UTXOs from the same source. For example, if you have several UTXOs that all came from Coinbase, consolidating those doesn't impact privacy, since they all share the same KYC profile. Finally, there's no real reason to consolidate *all* your UTXOs. The generally recommended size for a UTXO is greater than 0.01 BTC, to mitigate the impacts of a possible high fee environment in the future. If you have UTXOs that are at least this size, you don't really need to consolidate them into larger UTXOs. 

PublicBarracuda5311

>you do in fact lose out on the value of it at the time you lost it Which was around 2012. What was BTC price back then? Exactly. BTC is only worth the capital invested until you sell. Think about it.

TexFarmer

How are you going to transact BTC in a wallet? Are you going to hand the USP stick to the merchant? Or are you going to print that BTC on paper and hand it to the merchant?

-Zeleios-

We're in /Bitcoin not in na envoronmental save the Planet subireddit. So the e-waste problem Is neglectible (as It Is Is in general for the ASICs). But if you feel good coming in cryptocurrencies subs and shouting about e-waste, even if Is a non-existing problem for BTC, go on... it's still virtue signaling by definition

devCheckingIn

BTC is a poopypants.

Mediocre_Job8085

Both are IOUs — the only real question is which custodian you're lending to: Coinbase (cbBTC) or BitGo with the Justin Sun JV involvement (WBTC). For your use case the ticker matters less than the venue: as a DeFi float you trade against, cbBTC on Base has the liquidity and volume, while WBTC on Base is basically not a market. For savings, remember wrapped BTC is a loan of your keys to an issuer — 25% exposure for yield is a defensible bet, just don't let "it's only a quarter" quietly become most of your stack. Native self-custody for the core holding is still the boring-but-correct answer.

jguest1105

Yep, both are risky. Although, your Bitcoin will get stolen for sure, and faster, if they steal your BTC wallet rather than your email and shipping address.

ximogui

Prediction Markets on crypto price literally just follow price movement. BTC falls 8%, this is what happens to this market.

quintavious_danilo

I took out a loan and used the funds to buy BTC. I consider this the right move while we are in a bear market. I can easily cover the loan installments out of my salary. Although I will have effectively paid an extra $4k by the end of the 3-year term, I am firmly convinced that I will have generated double the loan amount by then. However, I am not using my BTC as collateral; it is a standard loan.

quintavious_danilo

How is the difference tiny? BTC just gained 40% in less than 2 weeks.

TheresNoSecondBest

If I had a certain amount of BTC and lost one third of my private key, I would for sure contact someone who thinks doing research is asking AI and plastering my story all over the internet.

RXrenesis8

I am too? Did you read what I wrote? TLDR: even with BTC + heat the miners still come out behind.

xirvin

There’s a wallet company that has a firmware check every time you turn it on. The case is transparent, so users can see if there’s any tampering. The wallets are serialized from factory to ensure that wallet IDs match the serial numbers from the company. The challenge is that any hardware wallet will face many attack vectors. Just failing one attack vector can cause irreparable damage to its reputation, which is why I won’t name the company. This company’s firmware is now secure, but the cost of its bug fix amounted to a staggering 130 million USD in lost funds. As a consumer, you need to be vigilant and proactive to avoid becoming a victim. If you’re not tech-savvy, it’s best to just hold BTC in an ETF.

Blooberino

Imagine buying your wallet from an unknown cheap secondhand reseller to save a few bucks on storing your $6.6m of BTC

three-sense

1BTC

StrangeInsight

... I'm pretty sure that Bitcoin exists without mining. The incentives to finish mining will fluctuate, but with or without the entire supply available BTC is here to stay.

Usual_Suspect8663

What if S&P goes down but BTC goes up? Thats what’s coming

Inevitable-Gap-1247

Well I guess Sber is a russian bank for russian users, so they can easily exchange crypto for rubles and back, for example, IT specialists receiving money from foreign companies for their work, but mostly it was made to receive money for oil, gas, fertilizers, uranium, palladium, diesel, nuclear reactors, other machinery, and other stuff. Russia is the second top BTC miner after the US, so I guess they can exchange it with the help of China, India, etc. 30000 sanctions and still 9th largest economy in the world, they know the ways

WitnessDelicious4567

Well if si crack BTC It Will crack every bank in the world also so Who cares?

tribopower

>FWIW, I used the term failed very tongue-in-cheek. I estimate the operation mined millions in this operation. What is the number of BTC the whole farm mined? out of curiosity, if you don't mind revealing

TheresNoSecondBest

>Cus 1 BTC is supposed to max at $1 million per coin right? Who told you that? Bitcoin supposes to max at $1. Because who would ever pay for it more than for a dollar, right? Right?

IRON_FiNN

Ok but what’s the money numbers? Cus 1 BTC is supposed to max at $1 million per coin right?

TheresNoSecondBest

Short answer is, yes if the network can survive until 2140, it can survive on fees alone after 2140. Four years before that, the miners will receive the transaction fees + one single satoshi as a block subsidy. Do you think getting ONE SINGLE SATOSHI will make the difference that will break camel's back? I mean, the miners "lost" 312,500,000 every ten minutes in the last halving. Why are they still here? This 312,500,000 sats the miners "lost" every 10 minutes if we compare it to the rewards four years ago is incredibly massive if you look at it from 2140 (that's when all 21 million coin will be mined) perspective. All miners in the world will work for about 40 years to earn 2.15 BTC or 215,000,000. I mean, why waiting until 2140 if they can leave in 2100. Why sticking around right now if they earn 50% of what they got four years ago?

CoinGate_Gift_Cards

Both introduce additional trust assumptions compared with native BTC. WBTC has a longer history and broad DeFi liquidity, while cbBTC relies on Coinbase as custodian. For DeFi use, the main things to compare are liquidity, supported protocols, custody model, and smart-contract risk.

HiCookieJack

Only if the profit is higher than the energy cost. On the other hand I had the same argument when I could 1 BTC a day using a CPU, but the BTC was worth $1 at the time. Depends how the value develops and if you want to take that bet

PuzzleheadedHuman

The trust side has been covered well above (Coinbase vs BitGo, pick your custodian). For what you described, swing trading cheaply, the bigger factor is where you'll trade, because the two barely overlap. Last 24h on DEXs: \- cbBTC on Base: about $64M liquidity and $241M volume. It turns over nearly 4x its liquidity in a day, so it's the most actively traded wrapped BTC anywhere right now. \- WBTC on Base: the biggest pool is about $360k with under $30k of daily volume. Effectively not a market. \- WBTC on Ethereum mainnet: about $210M liquidity and $55M volume, roughly 3x the depth of cbBTC on mainnet. (Bias check: I work at DexPaprika, a DEX data company, so I answer everything with a table.) So it is less "cbBTC vs WBTC" and more "which chain". If you're trading on Base, cbBTC is the one with real depth, and your swap costs will mostly be the pool fee. If you ever trade size on mainnet, WBTC is still the deeper book there. Both currently trade within a few tenths of a percent of BTC, so tracking isn't the issue. The custody question is the real risk, and capping it at 25% of your stack seems a reasonable way to hold it.

Fluid_Garden8512

>my friend keep saying wait for the dip but the dip never comes when you wait for it. BTC is over 35% off ATH. This is THE dip.

dimwittedude

​Sure, using stranded energy or soaking up a tiny bit of surplus renewables sounds nice, but that’s like 1% of cases max. ​Let's be real: if all the massive power going into BTC right now was actually used for stuff that matters—like building houses or reforesting—the world would be a lot better off than burning gigawatts to mint a digital coin.

BILLYBUTCHER_2

The Germany example is what makes this interesting. Governments can talk about holding BTC long term, but the real test is what happens when they need liquidity or political priorities change. A reserve policy is only as strong as the government’s willingness to stick to it.

Several-Structure282

Imagine back then a simple computer can mine BTC 😆 now all this wouldn’t work 😭

bimbobandit2016

BNB has been rather disappointing for months when it's usually the fastest horse out the gate in a bear market. Going back to the arms of big daddy BTC

dimwittedude

Power is still in the hands of the wealthy always. If Elon Musk and Jeff Bezos wanted they could buy all the circulating BTC. Sadly when an asset has monetary value the wealthiest people always have the power.

TheresNoSecondBest

Reading the comments, it looks like your debt is on credit card. That alone is scary, mate. The best option is obviously to pay it off ASAP. Second best option is probably credit card balance transfer into a card with a temporary 0% APR. Can you do that? It'll be IMHO a better solution than giving your money to Conbase. >Any downsides to doing this besides the obvious if the BTC price drops?? The thing is, you're not holding BTC, you (I mean Conbase) are holding a shitcoin token that is "pegged" to Bitcoin. Pegs are working until they're not. UST is a prime example. The drop will be fast, you'll get liquidated DESPITE BTC not moving at all, and Conbase will say sorry. That's it. I mean, if you're going to borrow against your BTC, make sure it's still BTC. And yeah, **pay that CC debt yesterday**, mate. It's dragging you down for no reason.

riscten

I'll tell you more. "Fidelity" means buying Fidelity's ETF on a traditional stocks brokerage platform. While not the worse idea, you'd be buying a derivative of Bitcoin that's managed by a big bank. In other words, you'd be doing the exact thing Bitcoin was built to avoid: Trust some large entity to hold your assets for you. It's more convenient and it can be invested in a tax-sheltered account, but ultimately, it is not Bitcoin you're buying. It is an asset that's largely managed in an opaque manner, that you cannot verify. If the bankers engage in their typical, creative shenanigans, you might end up empty-handed, and it's all regulated, so forget about the libertarian tenets. If the government wants your asset, it's theirs. I mean it's safe, probably... But self-custody BTC is an even greater contributor to sleep quality than ETF BTC.

HedgehogGlad9505

The first sentense is probably right, or BTC would have been at $100M already.

Iapetus404

BTC no need to trading. Just DCA until new ATH. Then sell and enjoy your profit. Wait a crash(2022) or a -50% like this cycle and start DCA again.

MrChicken_69

Unless you're running a GPU mine - which is insane for BTC - there's nothing to reprogram. Unless you need to calculate a few trillion MD5 hashes, these things are junk.

DiamondHandsDarrell

I've been looking into BTC loans for a long time and I haven't seen any that make sense whatsoever. In short, if the price drops, you'll be liquidated because you're not going to have the money to make up for it. So now they'll sell it at a price lower than what you paid for and you lose out on that. And there's other terms to the agreement that will probably bite you in the butt.

RXrenesis8

Not these ones. These ones generate $0.05 of BTC per kWh (per the figure in the OP, I did not verify this independently) So for $0.15/kWh of electricity you are getting 1kWh of heat and a return of $0.05, so in effect you are 150% efficient with your heating. Heat pumps give you an efficiency of 300-400%, so an equivalent amount of heating to a 3-4kW resistive heater, for just 1kW. So for the $0.1 (net) you are spending on 1kWh worth of heat with the dated ASIC you could be getting 2kWh or more with a heat pump. (you can convert the "x kWh worth of heat" statements to BTUs if you want, but the outcome is the same and BTU numbers are more visually complex)

Feriman22

Be careful reading too much into that result. A 2021-2026 backtest can still be heavily regime-dependent or overfit, especially with a volatility-based allocation rule. Did you split the results by BTC market regime and test the same logic on untouched OOS periods?

PsychologicalBit803

Yeah I get what you’re saying. The whole BTC system is just becoming another asset controlled by big banks. 90% of trading and price manipulation is by futures trading which is institutional investing. If you really want to know what’s going on with the price look at spot buying/selling. That tells the real story. I just learned a couple years ago this is the way it is. ETFs pumped billions in the system but now they also control the pricing greatly. Certain people follow these things closely so I listen to them daily to get a better picture where the market is going. I 100% believe long term in buying BTC. I encourage my younger family to DCA. I trade daily on futures exchanges but id never encourage that without spending a lot of time getting educated. Im about a year in on a two year education journey myself before I will start trading significant amounts. Still very much learning but it’s been eye opening. Absolutely lost some money early on but I fully expected to. I planned it out and treated this investing as a business. I keep it totally separate from my usual spot buying of crypto. I’m a BTC HODL guy also. Just no reason you can’t participate in all of it. Takes the right mentality and great discipline to trade daily but overall it really isn’t rocket science. Much more about proper risk management. So many great resources these days online. Great people to follow that made all the mistakes and help you not repeat them. Lots of money to be made on up or down days. Doesn’t matter but you have to dedicate yourself to getting educated on reading charts and knowing when to get in and out. All very learnable. I enjoy it a lot and allows a great deal of freedom now and I only see it getting better. Looking forward to the start of the bull market in the next year or two.

Icy_Dragonfruit__

Haven’t spent BTC on anything yet. 😂 Still stacking and DCAing for the long term.

Infamous-Discount-99

Its really not about coin security at that point as you dont actually own BTC yourself. But theyre now a public company and legally subordinate to the very system Bitcoin was invented to circumvent. The future of your savings is in their decisions as board of directors are subordinate to shareholders by law.  Lobby groups will influence that process. Could go either way depending in how the future develops. Its certainly nueters the underlying fundamentals of the technology though.  

1mma_Pr0bl3m

No, I got the point completely and I've already executed his point many times and I mentioned the reason why I don't want anymore cards. Would rather have more BTC.

1mma_Pr0bl3m

Different kind of debt man. I'm using the debt to buy an asset and pay back the debt at a lower rate than current. Just asking to make sure I'm considering everything but it's really 3 options in my scenario. Option 1 Pay off my debt. Ending: No debt. No cash left. No additional BTC Option 2 Buy more BTC Ending: Still keep paying on CC with higher interest rate Option 3 Buy more BTC Borrow against my BTC (and still have reserves) Ending: Higher CC interest reduced and I have more BTC

1mma_Pr0bl3m

I'll still have BTC leftover if I needed to top up and Coinbase offers a buffer now. I don't think they use to do that. Only reason I'm considering it. I wouldn't do it if I didn't have a buffer

Ruzhyo04

Doesn’t quite work like that. The power isn’t necessarily compatible (wrong connectors, wrong form factor), and the “data” would be soldered RAM. Scrap value is going to be quite low for those reasons as well. But as-is, if you just plug them in, turn them on, and put in a BTC wallet address you own, they literally print money.

c0dyharris

BTC went from 16.5k in 2022 to $126,000 in 2025, that’s a 7.6x return. That’s not a “mediocre” bull market by any means

Ok-Mango5075

I keep my BTC on the blockchain. It is 100% safe there.

PsychologicalBit803

What if the US makes BTC illegal to own and confiscates all of it? What if they tell every bank to close any accounts for customers with ties to any crypto? Can’t worry about every little thing.

PsychologicalBit803

Absolutely nothing wrong with Coinbase these days. The chances of them having any life changing issue is extremely remote. They literally custody BTC for billionaires and governments. It’s much better now than it was 5 years ago. My account is 2FA with two Yubikey devices. I also use cold storage Trezor and Arculus. All these options are good. I trade on futures exchanges and that worries me 10000 times more than where my spot BTC is held.

soks86

The solar panels and maintenance are for the home. Definitely not the best use of energy unless you consider holding the BTC looong term but if you don't have anything else to do with your power... an AI load might be more profitable nowadays. All of this is moot if the S19's are free and you don't have a way to export power.

Fastest_light

It does not have to be BTC. More likely it is stable coins.

btc-bastard

As you learn more about BTC you will understand that you need to have to control the custody of your BTC. Otherwise, what’s the point. When the financial system implodes, the financial institution holding your btc may just freeze your accounts.

Top-Care-8946

Actually the problem is that all attacks are made from third party level. No matter what company's wallet (might happen also to other brands) but just the fact that these were compromised by third party. So that means that cold wallet providers must all review their contractors and distributors. Sadly human factor can't be never avoided at 100% because one person (possibly former employee) who knows much enough to crack the chain could misuse their knowledge. Secondly the main problem is that direct shopping is not available in certain countries (that's why 3rd party resellers step in). If wallets would be available to buy worldwide without restrictions then supply-chain attack risk could be reduced to lower level. Thirdly the case proves that trust is very vulnerable at present time. Sure all competitors will take account the incident and possibly will make some changes in their hardware design but loss already made can't be undone. I have Trezor Safe 3 by the way. I would worry if my balance would be 5 digit long. Sure I am also watching how things are developing. If something should happen to Trezor then I think that crypto wallet market will collapse because it's not safe anymore: Cold wallets aresubject to hack and hot wallet and exchanges just freeze your account or funds. No way to protect even BTC if coins can be stolen just by sniffing the seed phrase.

Omniwatch

Everyone gets BTC at the price they deserved. Happy stacking!

EmbarrassedDingo9467

Agreed, that's the combo that matters. When I took the snapshot, BTC OI was basically flat (-0.02% over the hour), so the skew looked more like retail mood than fresh leverage. Rising OI with the same long % would be a very different picture. I'll include OI change per coin in the next one so the two can be read together.

Kevkillerke

If it's tokenized staking you can just send everything to a newly generated address on the same device/private key. But yeah, we need some solutions on the baselayer. Which they are already working on anyway. These problems are really only for people with 50+BTC worth of tokens. As it takes an enormous amount of calculation power, they'll obviously go for the biggest wallets. And Satoshi has a bunch of 50BTC addresses.

mossyoaktoe

Sure but the question here is what are people using to keep there own keys. It’s fine if you are comfortable with all of your BTC on the exchanges but at the end of the day—not your keys, not your coins. Best of luck.

Good_Put_7846

the jump from AI helping with quantum circuit research to AI recovering an Ethereum private key on GPUs needs a lot more evidence than this post gives. Those are different computational problems. Cutting the resources for part of a quantum attack doesn't establish a practical classical attack on the elliptic curve discrete logarithm problem. Could AI help someone discover new mathematics? Sure. But the months timeline sounds like a scenario to prepare for, rather than a forecast with a demonstrated attack behind it. I'd want to see which assumptions Drake is making before treating that as a countdown. The ending bothers me too. Everything will be fine is doing a lot of work when migrating signature schemes involves existing funds and users who may never update their wallets. Having a research roadmap doesn't automatically solve that coordination problem. For someone holding BTC or ETH rn, what changes today? Keeping a seed offline protects against theft, but it wouldn't stop an attacker deriving a key from an exposed public key if that mathematical breakthrough actually happened. Is there a useful precaution beyond ordinary wallet hygiene, or are we mostly waiting for protocol changes and better evidence?

Mollzyie

I hold BTC but the manipulation is outta control

Loupland

Bought a silver coin with BTC in 2016... That BTC is worth $18k now 👌 the silver coin... 81 dollar.

lobhater

Personally I don't trust anyone but trezor. I also order directly through their website even though shipping costs more and takes longer. I also roll my own dice and have 3-5 multi-sig setup because I still have so little trust. If you want to be even more careful get some old crappy computers, format them and build your own cold hardware wallets. ETFs are also fine if that's what you want to do. Plus at the end of the day where exactly do you think the BTC backing the ETFs are? Those keys are sitting somewhere 🤔

Chrysalis1111

That's exactly what happened, so BTC has some catch up to do. And look, it's not at that vaunted 40K line, so it appears the catchup is at hand.

Mymoneymarket1111

Any my friends used to use BTC for pizza lol

Altruistic_Meal_2867

BTC is not perfect but what's better?

NorthComparison4356

me! Want my kids? I sell them for bitcoin. You can have my wife too - but I guess for her I need to pay BTC to someone taking her….

Gustavo_de_Melo

Na verdade, quem é volátil são as moedas fiduciárias. Levará muito tempo até que o Bitcoin se torne reserva global, mas aos poucos, a população está adotando o BTC como cofre.

didnt_hodl

IBIT is pretty good. but hey, MSTR and BlackRock use Coinbase, and many other whales, since 2012. are they all wrong? with their puny millions of coins. of course they are. and folks with 0.0001 BTC know so much better. they will not be fooled by the false security of an ETF or an exchange. or a bank basically like Fidelity. keeping it directly at Fidelity is wrong too? honest question btw, why do I need to keep jumping all these stupid hoops. first entropy then this reseller crap, and on and on and on

AnonymousBets

BTC target price at the end of this week oct 16th. What we all thinking?

AncientMoth11

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

Pleasant_Maybe_5523

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

Strange_Research_176

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

No-Confusion4519

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

Ok-Worldliness8828

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

Jaded_Story3425

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

BTC-Max1e

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

RetiredAvocado

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

RetiredAvocado

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

Lavayo

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

efbh1979

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

Impossible_Drama_440

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

DontBanMe_IWasJoking

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

ryce4u

What are some spot BTC ETF ticker?

doiwku

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

DBRiMatt

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

nofuna

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

Dismal_Insurance_272

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

tenor_tymir

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

tenor_tymir

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