BTC

krakensupport

The scepticism is well warranted - would expect nothing less 🫡 Bitcoin Vault is non-custodial. Your BTC sits in a self-custodial embedded wallet; we don't hold it! You can also export the wallet's private key at any time. Read more [here](https://support.kraken.com/articles/bitcoin-vault) if you're so inclined, and feel free to fire away with any questions. Dray from Kraken Support 🐙

krakensupport

The scepticism is well warranted - would expect nothing less 🫡 Bitcoin Vault is non-custodial and your BTC sits in a self-custodial embedded wallet **-** we don't hold it! You can also export the wallet's private key at any time. Read more [here](https://support.kraken.com/articles/bitcoin-vault) if you're so inclined, and feel free to fire away with any questions. Dray from Kraken Support 🐙

Aswan2000

Thanks for doing another AMA. * 1. Theoretically, additional channels (to new peers) scale the number of routes available through your node superliearly. I noticed that that seems toholds true for me in practice, but I wonder if you noticed diminishing returns at some point. I have a relatively large node myself with 100+ channels but nowhere near the capacity you have. * 2. You have mutiple channel of 1BTC+ size. Do those channels actually route large (i.e. 10M+) payments on a regular basis, or is this more of a buffer for many payments in case the route increases in attractiveness at any time? * 3. How do you evaluate new potential peers? How do decide on channel size to open? * 4. How do you know when to replace a channel with a larger sized one? Or do you prefer to open a 2nd channel instead? * 5. You said in another reply that you started using LNDg after 6 months. Do you still use LNDg for rebalancing? * 6. What do you think is the optimal interval for adjusting fees? * 7. How much of running a profitable/attractive node do you think is attributed to node age? I noticed that an older, less well maintained node of mine is still doing relatively well compared to my newer, better maintained, better connected node. * 8. How important do you think node reputation/route reputation is? I know it factors into LNDs mission control decisions, but I am not sure how impactful it is; i.e. do you think rebalancing at 0 margin is worth it to keep up reputation with other nodes? Basically, do you have and tips/strategies for increasing/maintaining reputation or if its even worth it?

platysnipper

It's a negative snowball - money is going to the AI trade so BTC goes down, then since it goes down while most of the rest of the market is going up folks start to lose faith and sell more.

KCConnor

This is atrocious. The same cloud of taint could be applied by me via a court decision, on Satoshi's million BTC wallet. Could be Satoshi planned to leave his coins dormant for an heir X years later, and the heir received access to the wallet at the appropriate time. But because I've now got a US court decision, that heir is obliged to fight for those funds, despite having cryptography on his side (and not on the plaintiff's!)... and WITHOUT the benefit of use of those funds to fund the fight.

2TJay

Do t do it.Sell 50 percent BTC /Eth Nasdaq done about 245 percent last 8 years but that included about 125 percent last 5 years. Interesting am I the bagholder

Affectionate_Use_179

It dips every 4 years around this time of the year til October. I will be moving my stable coins to BTC Oct 1st like I do every 4 years.

fan_of_hakiksexydays

You realize that only means more people buying derivative contracts instead of buying BTC. And perpetuals are not like regular futures. There are no actual sales or deliveries of the underlying.

Veganarchyst

NOTHING has beaten BTC growth You can follow the heard and take your profits and money out of BTC and dump it in regular financial things and dump it into some sh!tcoin ai gamble like everyone is But, as always happens, it's a scam and when the multiple bubbles burst, all the people will be left holding the bag and losing all their funds Since Bitcoin means nothing to you and you are only interesting in "price go up", it is almost guaranteed you will lose everything as you bounce around to find "the next best thing" because what you decided to invest in after BTC doesn't bring what you were hoping Everything's goes to zero against Bitcoin But hey, it takes all the little people selling their Bitcoin to blackrock and strategy and the ultra rich for them to aquire all the Bitcoin and to keep making the highest profits of all time This is the worst of times to sell But humans are absolutely terrible at understanding what is best to do for themselves

Invisible-Pepper349

Long term I still think BTC is the safer play, but ETH has more actual network utility. Only annoying thing is fees when activity spikes...think I’ve nearly paid more in gas than the deposit itself using ETH primarily on crypto casino͏ sites like St͏ake, Roo͏bet and my favourite Ace͏bet...

safetaxio

Great breakdown — this is one of the most underused strategies in crypto. One thing worth adding for anyone trying it: the gain you realize *counts as taxable income itself*, so it can push you up through the bracket. You don't get to sell unlimited BTC at 0% — only the portion that keeps your taxable income under the threshold stays at 0%, and anything above gets taxed at 15%. So the real move is calculating exactly how much you can sell before you cross the line. Also worth flagging the numbers shift each year — for 2025 the 0% threshold is $48,350 (single) / $96,700 (married filing jointly), a bit higher than the 2024 figures. And as you said, state taxes are a whole separate layer. This is basically what we built SafeTax for — modeling exactly how much you can realize before tipping into the next bracket. Always run the math before year-end.

BigDipper0720

Stocks have intrinsic value. BTC doesn't. Therefore, BTC becomes a source of funds to buy stocks in a bull market

Unfair-Ad-5479

Lmfao posts like this... 🤦‍♂️ People who have read the white paper, who have dove deep into research about technicals and who have invested time into learning and navigating the network do not make posts like this. Those people have been waiting and are happy for dumping prices to stack more sats. Stay humble and lower your time preference. I recommend reading up on bitcoin and investing time into the tech and fundamental issues with fiat and government. Stay away from hype influencers and other garbage. Once you see and understand the exit from the hamster wheel.... none of this shit matters at all. 1 BTC = 1 BTC

Necessary-Swan-5764

24/7 CME trading is lowkey huge for BTC. Weekend gap traders in shambles now. Market probably gets way less goofy on Mondays from here lol

SheepSurfz

Anyway your math was wrong. 6 months for 0.01 is indeed 0.0017BTC (rounded up) per month, but at that rate accumulation to 1 coin would take roughly 588 months, or better put, 49 years.

Short_Thanks8901

Rootstock's structural framing is correct: infrastructure, location, and scale eliminate most miners from the hyperscaler path. The pivot is a top-10 public-company story. Their answer for everyone else is active treasury management: lending markets, collateralized facilities, LTV management. That's one path, and it's real. The conversation skips a third option: non-Tier-IV AI workloads. Training-checkpoint runs, batch inference, spot compute, render farms, ZK proving. These tolerate 95-97% uptime, run on 10G uplinks rather than InfiniBand mesh, need selective high-density pods rather than whole-site liquid cooling. Capex delta is $300-800K per MW, not $3-5M. The customer isn't Microsoft. It's an AI startup, research lab, or render-market reseller paying $0.30-0.80 per GPU-hour. For a 50-200MW operator, this path closes when Path A doesn't, and it doesn't require selling BTC to fund the buildout. Treasury management and the middle-AI path are complements, not substitutes. The operators who come out of this cycle stronger will run both.

Medium_Change4574

AI coins wanna run but BTC always drags them down

brianmonarch

Well, I’m definitely coming off smarter just by grammar and spelling alone. Wow. Take a second and look at what you wrote. I’m only pointing this out because you’re talking down to me rather than having a civil debate. And usually people who can’t be nice and just talk facts, don’t know what they are talking about. They get defensive and have to say how intelligent they are, how their chakra is better…. and get on their soapbox and act like they are an educator of some type. It just shows your ego is out of whack. Ask your favorite LLM whether XRP has outperformed bitcoin in the last two years and get back to me. Here’s a shortcut for you… It has. And it’s probably going to continue to do so. What kind of return are you hoping to get on BTC? Do you think it’s going to 1 million dollars this cycle? Or are you more levelheaded and think it’s probably going to get to 200 to 250K? Which is like a 3X or so. You don’t think the best alt coins are going to do better than a 3X? Hey you might be right. Only time will tell. I’m not a fortuneteller. But I definitely think you’re wrong. But that’s a great thing. We don’t have to agree with each other. But when you talk down to people, it makes you look weak. I know it feels the opposite when you’re doing it. But nobody with facts needs to get up and grandstand the way you do. The great thing is these posts will still be here after we see what happens. We can come back and chat. :) Good luck!

IndustrialPuppetTwo

BTC has for the most part done nothing but go up since 2018 with a few down cycles of course. But over all the trend is up so IDK how you could be worth the same since then unless you lost a lot on shitcoins.

smellyfingernail

The market is underreacting to Saylor and Microstrategy being insolvent and having to start selling BTC to pay their dividends. Much lower from here

Big_Comfortable4256

How many BTC did you generate in that time, and how much was spent?

BaseOk280

S&P right now. A few months ago, gold & silver. BTC had its moment last year. It will come around again soon

Electrical-Value-673

Which is? BTC had a bit of momentum on its side lately.

painfuldrp

Everyone chasing the AI bubble. You should be happy BTC isn’t going up when people are chasing risky things

Electrical-Value-673

Of course, but look at stocks. And BTC is not only US.

devCheckingIn

I read MSTR has transferred some BTC to Coinbase? 😨

EdgeQuiet2199

I think a lot of people assume whales are all waiting for some magic number, but after a certain point wealth changes how you think. If someone has been holding since the early days, they probably don’t need to sell everything at once. Some will take profits gradually, some will borrow against their BTC, and some genuinely seem more interested in seeing Bitcoin succeed than squeezing out every last dollar.

stoop1

Would you need to put the BTC on an exchange to borrow against it?

PANIC-BTC

Wall Street has the power now. BlackRock alone holds more BTC than most countries. They don't need to write code; they fund whoever does.

ReleaseMuted1776

This is why I just buy BTC and go outside. You guys are stressing over 10% pumps while being down 80%.

Odd-Orange-5122

So what's the play then? Just hold BTC and ETH and cry?

Itur_ad_Astra

Counterintuitively, this is when I turn bullish. All that stock money will go *somewhere*. Most of it will of course be bonds, but the crypto market is so dry, that it needs 0.1% of the stock money to flow into it in order to start going up, induce FOMO, and go parabolic. Of course, BTC might be at $35K by the time this starts happening.

ShoddyExperience3579

This cycle feels different. In 2021, the money came from retail stimulus checks and a flood of new, clueless users. Now, the money is coming from ETFs and institutions that are only interested in BTC. They aren’t going to rotate into something called ‘POPCAT-USDT’. The retail liquidity that fueled the last altseason is mostly gone, either rekt or just exhausted. So what we're left with is a bunch of old holders hoping for a bailout pump, and a smaller group of degens trading the short-term narratives. It's a trader's market, not an investor's market for most alts....

Itur_ad_Astra

Reasons crypto will crash hard in two days: - Duh, it's a Sunday. - Last opportunity to sell in May and go away. - War still ongoing, Trump usually threatens escalation on weekends in order to play the market. - The monthly candle closes, BTC is already significantly in the red. - Institutions are unloading *billions* in crypto ETFs on the hands on retail. Daily. - Saylor has stopped buying and might start selling on Monday. - Funding rates have gone way up, indicating that retail is heavily long. Again. I'm suspecting a repeat of 10/10 on 5/31. 20% Crash for BTC, 30-70% Crash for Alts. Get ready.

Anda-Tamarua

I’ll take altseason seriously when ETH/BTC stops looking like it needs therapy. Until then, every random alt pump is just rotation, not resurrection.

WickedDeity

Ummmm Why? I see BTC as a store of value. Hold BTC and use fiat when need to buy things. Stop paying life on hard mode.

Expensive-Paint-9490

The main problem is that cryptocurrencies are easily manipulated (because of low loquidity and lack of regulations). This makes altcoins, even ETH, disproportionately more risky vs their potential larger gains. It means that BTC has a better investment profile overall. It won't make you rich in few years, not anymore.

Lavayo

Some sold at 100k. But there are still many left that hodl forever. Or burn the BTC as seen recently.

PuzzleheadedEyeball

Agree- with Salyer saying "they might sell" and other permabull BTC types getting out it is clear AI is the golden child and crypto is exit liquidity

Known_Click

Terrible take, BTC pretty high chances to go up again vs memecoins that will most likely stay dead forever. Don’t try to time the market with BTC.

devCheckingIn

No sense holding BTC through a bear market either.

jeremiahcp

How were they going to get BTC in a box?

Double_Software829

May I ask, did you solo mine or pool? And how much BTC did you walk away with from mining?

2shyofa3sum

BTC "price analysis" YouTube videos = mind cancer

TheBigLT77

2.5%… so they can lend your BTC out to shorts. Nope.

jc456_

It's BTC. Always will be.

MaximumFlower8302

You're definitely not missing anything: this topic gets dangerously undersold, especially by platforms that profit from people ignoring the downside. Celsius and BlockFi weren't black swans. They were predictable failures for anyone who understood custodian risk. That's why the "living without selling" discussion needs to separate two very different things: 1. Custodial lending (you hand over keys) insane risk, we've seen the tombstone. 2. Non-custodial / overcollateralized credit lines (you retain control, smart contract manages LTV) different risk profile, but still not risk-free. Your point about a 50% crash is spot on. If you borrow at 30% LTV and BTC drops 50%, you're suddenly at 60% LTV - dangerously close to liquidation on many platforms. The only real protection is borrowing so little that even a brutal drawdown doesn't trigger a margin call. Which defeats the purpose for anyone trying to actually "live off it." I've heard about Clapp Finance - they do a credit line model where interest accrues only on what you draw, no fixed repayment schedule. But honestly, even with the best structure, the math you ran in your calculator doesn't lie: you need a massive cushion, and that cushion is just capital that isn't working for you. So no, you're not alone. This is underexplored because it's uncomfortable - it forces people to admit that "never sell" and "borrow cheaply" are often incompatible unless you're overcollateralized to the point of inefficiency. One genuine question: in your calculator, what LTV and what crash depth did you model as the "this is still safe" threshold? Curious where your numbers landed.

devCheckingIn

Yeah I'm going to see if Fidelity offers an inverse BTC ETF and rotate the profits from my mining stocks into that. Hopefully it won't backfire on me lol.

ChangeNOW_Community

ETH, BTC, DOGE don’t move in isolation , they move based on where risk appetite concentrates, not past drawdowns

devCheckingIn

IBIT continues to shed BTC relentlessly.

a2ztimes

they are also quoting 3 million per BTC by 2049

NashDaypring1987

I am in a similar situation. I bought the dip.... it just kept on dipping more 😞 Luckily, BTC is a sizeable position but not my entire portfolio. I learned this new rule of buying BTC.... I only buy when the price is 50% than the latest all time high. So, I don't plan to buy again until $63k or less. Don't forget to take profits when new all time high's come again. No need to sell all. Just take little bits of profits when you have it.

Pyroll2206

The day you start something is also the best day to do it. Though dont forget about the actual economy macro-micro, where BTC stand as of now, what is your actual investment level, what are your goal, your budget

mdeevy

Hey guys, ive got a cold wallet that no one has the keys to. Feel free to send your BTC there, let's watch the world burn! Lol.

Salty-Ad6128

BTC to 100k

FromThePits

Bought in 2019 around $5000. Hodled through 3 drawdowns over 50%. Endurance paid of multiple times with valuation over $73,500 today. No worries. BTC is a long game

Fuzzy-Combination808

As a fellow 2021 holder, do NOT sleep on the tax implications of spending BTC directly. Every coffee you buy is technically a capital gains tax event. If you want the absolute easiest way without moving funds back to a CEX, look into **Self-Custody cards (like MetaMask Card / Gnosis Pay)** or **Crypto-backed credit cards (like Nexo)** where you borrow against your BTC instead of selling it. Just keep in mind that pure BTC mainnet spending isn't a thing due to gas/speed, so you’ll likely need to hold some stables (USDC) or wrapped assets on an L2/EVM chain to link with those cards. It’s still 10x better than the old 'convert-and-wait-3-days-for-withdrawal' nightmare.

Some_Tax2898

When I first bought, 1 BTC was worth $12,400. Later, it dropped to $3,800, and I bought whenever I had the chance. My average price probably reached somewhere between $7,500 and $8,000.

piggleii

Kraken is proud to announce Alex Mashinsky as head of BTC Vault Strategy & Management.

CodyEngel

He said nothing about using wrapped BTC he listed wrapping as one of the issues in a list of issues that are really just "this is how you convert from one protocol to another".

CodyEngel

You're complaining about Crypto as a whole. It's incredibly easy and quick to send BTC from one address to another. What's not easy is when BTC needs to first convert to ETH or SOL or another protocol first. I don't disagree with the pain point buts it's also not for BTC to solve either.

Roaring_lion_

I don’t think we’re actually that far apart. My point wasn’t “BTC perfect, everything else fake.” My point was that BTC has the cleanest decentralization argument: no issuer, no CEO, no foundation roadmap, no VC cap table, no stablecoin dependency, and very limited ability for insiders to change the rules. XMR is probably one of the better counterexamples because it actually has real utility: privacy. I’ll give you that. But privacy and decentralization are not the same thing. A project can be private and still depend on a smaller dev community, mining structure, liquidity chokepoints, exchange access, and regulatory pressure points. So XMR doesn’t really refute the argument. It proves the point: the list of projects that even deserve to be in the “actually decentralized” conversation is tiny.

brianmonarch

Yeah, keep the oldest coin that is the least green and has the least efficient tech out there. When utility matters, and I believe it will…. I bet you’ll change your tune. You sound like a bitcoin maximize that is stuck in an echo chamber. Don’t get me wrong. I don’t think BTC will die. It has a store of value now. But that’s all it has. It will never be used for its tech. Other coins 100% will (and are) be used that way.

benitoblanco888

future you will probably regret using BTC for everyday purchases for lost gains and tax implications. just use Coinbase or Gemini credit cards, collect the BTC each purchase, pay the balance monthly, and let the BTC (and dollar equivalent) grow over time. have you learned nothing in the past 5 years? the winning move is to stack and hold, and I have yet to see a legitimate and convincing counter-argument to that strategy.

panthera_N

Many people increase their investment capital by using margin leverage, pledging BTC as collateral, and borrowing additional BTC from CEX to increase profits when BTC prices rise. CEX borrows money from lenders and lends it to others at a higher interest rate, profiting from the difference.

joos_hubert

I would think of the card as the last step, not the product itself. The important part is what happens behind the swipe. Debit mode is usually simple: you are spending or converting assets, so the tax and price-execution side matters. Credit mode is basically borrowing against your crypto, so now the card choice is also a loan choice. Then I would care about LTV, liquidation rules, custody, whether collateral can be used elsewhere, repayment flexibility, and what happens if the account gets flagged or frozen. For occasional spending, I would keep it boring and test a small amount first: load, spend, repay or withdraw, then check the statements and tax records. If the card only feels good because it hides the borrowing mechanics, I would pass. Convenience is nice, but I would not let a cashback number decide where meaningful BTC sits as collateral.

joos_hubert

The useful part of borrowing against BTC is that it gives you another option besides sell or do nothing. The dangerous part is that it can make leverage feel like normal wallet UX. I would separate two use cases. Borrowing a small amount for liquidity, with a low LTV and a clear repay plan, is one thing. Borrowing because it feels like free optionality is a different trade. The second one quietly turns into a leveraged BTC position. For any BTC-backed loan I would compare custody, liquidation price, how fast you can add collateral, whether collateral can be rehypothecated, and what happens if withdrawals or banking rails get messy. Liquidium is one Bitcoin-backed lending option I would put in that comparison set, but the same questions matter everywhere. If the loan still looks sensible after you model a nasty drawdown and a boring sideways market, then it is probably a real liquidity tool instead of just a bull-market habit.

aaj094

Kraken has launched a 'BTC Vault' that provides upto 2.5% apr paid out in btc. Returns are supposedly from 'real btc lending activity'. My question is - Who really borrows bitcoin and for what purpose? When is there ever a need or rationale to borrow bitcoin other than for speculation / shorting?

Chirok9

I'm no expert. But this seems like the same rethoric from 2019 and prior. "Speculative Asset", "can't be used for goods and services", "it's a bubble". The energy argument I can get. We know mining uses a lot of energy. But compare that to the legacy global financial system. Printing fiat, transporting it, not to mention the computation and energy use of digital systems like banking transactions, etc. Bitcoin looks cheap on energy by comparison. Unless you specifically define the context of what your comparing to. Mining versus transactional/data processing alone then sure. But it's all vague. Bitcoin was also never intended as get rich quick solution. Very few people definitely did. But you can make the same argument of fiat. Adoption has been slow yes. But there are places where bitcoin is accepted as tender and can be exchanged for goods and services. South Africa is a good example of people and business beginning to accept bitcoin. You can buy your groceries with your BTC, or rent a surfboard. And it's no more speculative than a lot of other assets. Article reads like an old financial advisor who speculated on BTC ten years ago and lost a ton during volatility cycle and are butthurt about it. But that's just my two cents.

infernal_celery

“What do you mean, the revolution takes time?! I demand instantaneous results!” We didn’t even talk about fiat cash publicly before Bitcoin. Now people where I live are acutely aware (on a net aggregate, maybe not at the individual level) of “fiat” and “hard money”. Maybe we’re not wholesale adopting Bitcoin yet, but that’s not a failure. People are at least now exploring options and Bitcoin is becoming more socially acceptable to own. That’s pretty good as progress goes for tech. The internet was pretty old before it saw mainstream adoption and now most people around the world carry access to it in their pocket. Maybe the world will never switch entirely to BTC but I suspect that it will become an accessible option for most people over the next decade. We just need to see more integration into tangible goods and services, which we’re starting to do. Give it time.

panthera_N

Oh, this sub has fainted again. It needs a -10% or +10% candle on BTC to wake up.

Patient_Craft2195

Real talk for someone holding since 2021: every time you swipe a crypto card, you're selling Bitcoin and paying capital gains tax on it. That latte just cost you $5 plus tax on whatever your cost basis was in 2021. Multiply by every coffee for the next decade. The actual move for long-term holders is borrowing against BTC, not spending it. You keep the stack, get fiat liquidity, no taxable event. Cards are fine for stablecoin balances or short-term holdings, not for the bag you've been carrying for 5 years. If you still want a card: Gnosis Pay or Bleap (non-custodial, EU), [Crypto.com](http://Crypto.com) or Bybit (custodial, wider regions). But ask yourself why you're selling sats you accumulated specifically because you believed they'd be worth more.

GIGAbtcHodl

based on your mood, feels like BTC is recovering from $25k and now started climbing back 😃

Competitive-Data-703

It claims to work like ChatGPT with only BTC real time, live data integrated, no hallucinations. Can be a good research tool if it actually worked.

No_Toe710

BTC is the best collateral on earth. Borrow against it when the value is down to buy IBIT all cash. When BTC reverses - Withdraw cash against IBIT to pay off loan — increasing stack available for the next downturn.

Competitive-Data-703

Every time I try to ask it a simple question such as, "What’s the price of BTC?", it just gives me a generic message saying it can't answer this question. Is it just me? Or is everyone else facing the same thing? Hence, I’ve posted here to see if anyone has used it before and if it works. It's a good tool if it works as it claims.

procabiak

Mining isn't worth it even if your home electricity is free. A miner unit takes a year to ROI, by that time the hash rate would grow (although it has dropped down a little lately, the historical trend has always been up) and you'll be stuck trying to ROI for 2~3 years. May as well just buy BTC and hold for 3 years instead. The next halving is also in less than 2 years. Enjoy your surplus electricity. (I'm jealous T_T)

TheresNoSecondBest

Reading all the comments, it looks like you have a serious solar setup. Mining is a great way to accumulate freshly minted non-KYC'd coin. Please, don't mix these coins with your bitcoin from exchanges. Having a little treasure, nobody knows about might be handy in the future. For starters, I would buy something old and cheap like S9 (eBay, Craigslist). Not to earn a lot of coin but to learn how everything works. I would also use braiinsOS with it. It's open source firmware and gets more hash from many miners. Once you learn the basics, start looking for some solid miners. Sites like https://minerstat.com/coin/BTC are pretty helpful, but use multiple sites and take about 20% off of the results. Avoid mining shitcoins because in the end, you'll keep holding them while they'll be losing against bitcoin and exchanging them for BTC on a daily basis will cost you time and fees. Also, visit r/BitcoinMining and try to learn as much as possible. Don't trust anyone approaching you with a good deal, there are many scammers preying on noobs.

TeslaOwn

Stablecoin support is probably the biggest thing for everyday use. I wouldn’t want to spend BTC casually because of volatility and tax tracking. USDT or USDC spending makes way more sense for normal purchases.

Syrion1984

I've been buying BTC at a fixed rate of $50 per day regarding of its price since June 11 of last year. I've seen the highs of $120k+ and I've already reaped the rewards of the $60k too. My DCA is now below $90k and it's getting lower every single day.

mickalawl

When it became obvious that BTC makes for a terrible currency and cannot scale on a national or global level as a currency, the grifters changed the narrative away from Santoshis p2p digital cash vision. Its a store of value now. The only thing that matters is price appreciation. Which is why it is the most heavily marketed single "asset" in the world. It needs the bots and trolls and influencers and tech lobby groups and political donations to keep the game afloat and keep fresh inflows. BTC is a massive net negative sum - the cost of mining and processing is exorbadent in electricity and hardware burn out. It needs fresh inflows to keep it all going.

difvna-genesis

I learned that 8 years ago that buying BTC is better than mining. Mining is like being provider in any liquidity pool. You need to pump in more and more in order to maintain the profit but to a point that you continue adding the fund to keep yourself afloat. When bear market hit, all hell break loose! It’s a big boy’s game, period.

Friendly-Western-677

Problem is BTC is a house of cards. On paper hashpower is impressive, but as soon as China says they will take down the network, people get scared and pull their money out, then mining becomes unprofitable and hashpower drops dramatically. Suddenly a 51% attack is conceivable for a nation state actor.

North_Amphibian7779

Honestly bring on the liquidity events. Anything at this point would be better than what’s going on now which is nothing …. At this point the leg down to 60k or 50k or 40k would at least bring some action to BTC…. I don’t wanna see Michael Saylor anything for a while

-Resident-One-

Is this an alternative timeline where BTC doesn't exist? What?

Suspicious-Ear-6129

That is what i am currently doing, I am invested in FBTC atm. But looking at moving to a cold wallet and buying some real BTC

SpendHefty6066

One approach to minimize capital gains if you use Bitcoin regularly is to apply the HIFO accounting rule to Bitcoin spend: High In First Out. That is, you take your sats you paid the most for and use those first when making any purchases. This can actually provide losses to offset capital gains elsewhere, in many cases - especially if you DCA regularly during volatile price swings as we have over the past years. Take a look at Koinly to manage spend (note: I am not affiliated whatsoever with Koinly, nor do I use it personally, but it has come up in my research several times as a viable Bitcoin accounting tool and it does support HIFO). UTXO management here will be key. That is, you will spend the UTXOs with your highest cost first. Here is an example: |**Purchase**|**BTC**|**Cost Basis**| |:-|:-|:-| |Jan|0.01 BTC|$500| |Feb|0.01 BTC|$800| |Mar|0.01 BTC|$1,200| Let's say, for ease of accounting, Bitcoin is now worth $1,000 per 0.01 BTC and you spend 0.01 BTC. **FIFO** You spend the January coins first: * Proceeds: $1,000 * Basis: $500 * Gain: **+$500** **HIFO** You spend the March coins first: * Proceeds: $1,000 * Basis: $1,200 * Gain: **-$200** Hope that helps

Lixalottapus69

I want to know what the pizza guy did with the BTC

Wise-Instruction9535

The best thing he can do is sell his BTC an exit crypto right away. It is a lot like gold, in the 90s the price spimed, yes, but after that there was a long plateau. As we all know gold never recovered from that plateau and it never will. Sell and move on, their is nothing to see here.

Plunkerton_

You pay a 25% performance fee in order to have Kraken lend your BTC out on Morpho for you. They also impose a 5 day withdrawal time for... no apparent reason. So they took something extremely simple and easy to do yourself, then charged you a 25% fee to add custody risks and withdrawal delays. Brilliant.

BainTrain55

There is no point in longing BTC at this point. You could have been growing your money in the stock market this whole time and when BTC finally breaks out you would have more money to buy it.

17syllables

BTC has the electrical draw of a small nation. Energy markets have been thrown into chaos by Trump and Netanyahu’s war. There’s no upside that could possibly offset that.

SalamanderCoffee0975

You have some BTC ?

troythedefender

🤷🏻‍♂️. People don't want to think or read, it's a reflection of society as a whole. Mindless herd. The herd is currently selling everything they own to buy a handful of grossly inflated tech stocks that will take a massive dump on them soon enough. The Trump era pump and dump market manipulation shell game can only last so long. To each his own, I'm not selling all crypto, if they weren't idiots they'd already be diversified into S&P and crypto. The number of posts in crypto group telling people to flee crypto and buy stocks is humorous - they want to pump those tech stocks to the max before selling - meanwhile they will be loading up their BTC and ETH etc. I'm enjoying the show nevertheless.

Salty-Ad6128

BTC to 100k

Salty-Ad6128

BTC to 100k

devCheckingIn

No because BTC keeps pulling it down.

trincaooo

Honestly, if you already know the gambling cycle, that’s a good start Instead of going all-in on holding and hoping BTC pumps, you could use a smaller portion for structured crypto trading on Binance ... short-term scalping with controlled risk. That way your money stays liquid, you can withdraw anytime, and you’re not just blindly gambling on one move. I run a small trading group focused on that style if you’re interested.

Alfador8

If you bought BTC you're still up nearly 10x

BenzinaGrandeCapital

Sold 1 BTC and 10 ETH back when BTC was only 45k and ETH was 3k