NOT

B1ll4

please stop being dense.. bridge does NOT equal swap...

Ifnerite

You don't need to buy anything to have a cold wallet. Adding some piece of hardware overcomplicates things. Just write down your private key and never store it on an internet connected device. Preferably not an electronic one. Cold wallet does NOT mean one of the usb things, it means a wallet that is not active and hard to make active, especially by bad actors.

ElderMight

USB sticks are not secure and they can fail over time. Do NOT use a USB stick to store your keys.

ElderMight

>If you think your money will be worth less in the future, you invest it into things that produce actual economic growth or you spend it. This drives the economy. If you think your money will be worth more in the future, you are less incentivized to spend it, and this can lead to a feedback loop of a contracting economy. This is completely wrong. The logic here is completely destroyed with just a few examples: Laptops go down in price if you wait a year, yet people buy millions of them every year. In 1980, a 10 MB hard drive cost $3500. Today it costs pennies, yet they continue to be bought up in the millions every year for decades. The price of these goods go down every year, yet people still buy them... your logic is completely broken here. If the thing I want to buy (car, hard drive, computer, anything) brings me more value now versus waiting a year, I will buy that thing now. It's an economic calculation people make every day and it can't be explained by your nonsensical logic that lower prices over time disincentivizes spending. It's borderline stupid what you're saying here, but I would love to entertain you explaining this away with whatever mental gymnastics you can conceive. >If someone got paid in bitcoin during the period of 2021-2023 and had to actually live off of that, rather than speculating it will increase in value in the future and choosing to invest in it, the deflation would have fucked them. I've been living off it since 2021 lol. Do you not know how it works? All savings paid in BTC, all bills paid in cash. I still keep 6 months emergency fund in cash. This isn't complicated. If you have a big stack, you could get paid 100% in BTC, pay bills with credit card, then pay credit card by selling btc. If price takes a down turn, you can write that off as a capital loss and pay no taxes. >It is extremely obvious that I am not the one misunderstanding money here. You are confidently wrong on this one. It's obvious to everyone else here you do NOT understand money. >You just said you have not spent any of your bitcoin, and that the goal of it is money which is what you use it for. This is contradictory unless you mean the goal of it is to resell it later for real money. This really underscores your misunderstanding of money. Money has 3 functions. The first function of money is store of value. Money cannot be a medium of exchange without first having this function, which bitcoin undoubtedly does. The second is medium of exchange, and third is unit of account. Bitcoin does all 3. It's mostly used as a store of value currently because it's still in price discovery, but eventually it will be used for all three functions. Just because I have not spent it yet does not mean I am not using it as money. Holding it is using it. There's no contradiction or conflict here. I also use it as a unit of account. For me the price of houses have decreased over time when priced in bitcoin, and even though housing would continue getting cheaper for me in the future vs now, I chose to buy a house now because it brings me and my family more value versus waiting another year or more. See what I did there?

BrokenHefaistos

Bitcoin will die first, it has lost it's novelty factor, there's a younger generation and they are just into it for the fun of trading whatever that pays their evening out. They loooove memers, that actually have gearshops and a community like NOT and GIGA or ye goode olde PEPE

dali01

Also.. ignore the flood of DMs you are about to get from posting this. They do NOT want to help you.

derbyfan1

Honey, you're NOT dealing with a crypto fan. And im not maxi either. I just think objectively and deal with truths. You should stick to Honey and crypto. You will get far with that.

TheresNoSecondBest

>What is "rugged"? That's when you realize you've been lied to. If your node runs bip110 and stops agreeing on 99,5% of the mined blocks being valid (these are the current numbers), than you're in the 0.5% chain split. One day later, your chain is about 143 blocks shorter than the main chain. One week later the difference is 1,000 blocks. Orphan. To NOT become an orphan, somebody will come up with an idea to hard fork out of Bitcoin. Creating a new shitcoin like bcash. Every BTC holder gets the same amount of that shitcoin. People will try to get rid of one to support (buy) the other coin. If you're in the wrong camp, you might have regrets. Bcash, Bitcoin gold, BSV and other fork holders lost more than 90% of money. Don't get caught in that. Run the bip110 node if you wish, just be careful going all in on the new fork. The people telling you to, will still hold BTC because they know how bad this might end up.

TheresNoSecondBest

Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. DCA is probably the best approach. Once a week works best for me, but I'm getting paid weekly. This [DCA calculator](https://21vox.com/dca-calculator) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. **A few good wallet choices:** [https://blockstream.com/app/](https://blockstream.com/app/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. **Lightning wallets** to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. If you can afford it, opt for Safe 7 (air-gapped) and use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor). Sadly, this device is not air-gapped. [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, making is an expensive hot wallet. The opposite of what you want from a cold wallet. **Stay away**, save yourself a headache in the future. The same goes for many other hardware wallets that are too new or filled with too much of unnecessary shitcoin code. Stay away. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

furcryingoutloud

I read somewhere where the Tether CEO said they were NOT going to be compliant with MICA because MICA requires them to keep the funds in a European bank and invest through that bank. European banks are not the best for APR, and they are not securely insured against losses. My take is that they are making huge money by investing independently rather than having to share with any bank. Which makes sense from a business POV. As well, their dominance is spread far around the world and Europe is a very small % of their reach.

Head_Performance2432

part 3/3 SOFTWARE RECOVERY TOOLS ELECTRUM : (Input BEARD CERAMIC) Short info : Standart Wallet - Keystore : I already have a seed – Enter Seed : options – SLIP39 seed – Enter the Shares : the set is complete – default derivation path : m/84h/0h/0h Master Public Key : zpub6rMNnKaWe4cgdqi1ovm4N92S9H4dAMa7Q43tC95pw4YEVof6cjizu2KY2roynd8Mi1vNiGVx8ydmv2oU83SLXyqDm417yfhnbwRjdXceqDF Fingerprint : 783df27e First Address : ***bc1qagqpr2leke53nl8dg3nxh4fnrzuuvmceuexc9l*** SPARROW : same workflow and same output as Electrum Completed share set ! – create key store – import key store m/84'/0'/0' xpub6CgrAzEgLhXiwFKn9DBowxqRoLmjH7b7Zq1SdMJ4B3nUPc2e7RPseu1FzStonopWtjgmDKJqDevg9TaLgecJwWU22NcGor4p4VJSrPv4x4y zpub6rMNnKaWe4cgdqi1ovm4N92S9H4dAMa7Q43tC95pw4YEVof6cjizu2KY2roynd8Mi1vNiGVx8ydmv2oU83SLXyqDm417yfhnbwRjdXceqDF Fingerprint : 783df27e ***m/84'/0'/0'/0/0*** ***bc1qagqpr2leke53nl8dg3nxh4fnrzuuvmceuexc9l*** Then if you click on “view seed”in Sparrow, you get a 33 words long seed ?? (Mnemonic Words (Slip39) : elephant - omit – academic- academic- alcohol – party – medical – custody – cinema – engage – trend- equation – scramble – camera – diminish – warn – fluff – tofu – forbid – crazy – hour – petition - toxic – verify – rhyme – extra – equation – starting – hamster – frequent – ambition – element - usher **TL,DR** : m/84'/0'/0'/0/0 (Ian Coleman + Seedtool) DOES NOT MATCH m/84h/0h/0h (Electrum - Sparrow)

RetiredAvocado

Bip110 is not the "first serious attempt." Some shitcoin might split off, but probably not. Bitcoin is not going to die in either case. Op_return is not "buried inside bitcoin." Inscriptions do not use op_return. And people could store more than 80 bytes in a transaction before v30. Blocks still have a weight limit, so no, even using up maximum space in every single block will NOT push ordinary people out of running bitcoin. 210.24GB (plus whatever is needed for chainstate and indexes) per year at most. That's what the complaint is about. No, I don't want it filled up with junk, but even if every block was, how much of a burden is that? 16TB recertified enterprise grade HDD on Ebay is about $350. That's over 70 years of blockchain storage. You're using THAT as an argument?

susosusosuso

Well, yeah they can do anything they want with USD, that's why you don't want to save on USD but on other assets. Fractional reserves: that happens if you go against the whole purpose of BTC: self custody: not your keys not your coins. The whole point is: you can't have fast payment metods such as Paypal or Visa with blockchain. You just can't because of the trilemma. You can go safer or you can go faster. Also, let's be realistic: people is not going to massively adopt crypto for savings, payments etc... We have the option to do it but it's still an option and after 15 years it's still a very low minority. And it would still be a minority even if it was fast, because it's NOT official money. The point is that I can keep my wealth in BTC and I can transfer it in a decentralized way. That's a reality and it works and it will never be faster than centralized methods. But still I don't care because I don't want to pay stuff in bitcoin.

Date-Individual

"It was going to a million!!" Why sell at 120k? If I'd known it was going to be 50% down shortly thereafter, I'd have sold it all. But I didn't know. I didn't sell then. I'm certainly NOT going to sell now. I have 2.2 bitcoin bought at 12k. If I see it approach 12k, I'm out. Something is seriously wrong. I don't think it will.

ukheather

Any normal popular exchange, Unlike most comments, I suggest NOT to use revolut! Not your keys, not your crypto.

bluepand4

Username does NOT check out

Euphoric-Pop9717

I agree with you about Crypto. But NOT Bitcoin. There are 20,000+ wannabes claiming to be better, but there is no better and that’s why those are all but dead.

ClearSnakewood

Bitcoin is not Tradfi. Paper products aren’t real demand. Any “transaction” that is NOT on the blockchain isn’t real demand.

Yodel_And_Hodl_Mode

Uhhhmmm... LOL! > Every true hodler must go through a long bear market, gentlemen. You are not a true hodler until you've done your rite of passage, and gone at least 3 full years of bear and/or crab market!!! And you are NOT allowed to complain about it or ask "when NGU????" while making the retard gesture!!! Who said that? **[You said that.](https://old.reddit.com/r/Bitcoin/comments/16jwa91/every_true_hodler_must_go_through_a_long_bear/)** You didn't buy 5 years ago. You bought 2 years ago, and you aren't taking your own "advice." If you'd bought 5 years ago, you'd understand Bitcoin cycles well enough to know you need to hold through the halving. Better yet, through the halving plus a year.

Puzzleheaded-Pool-71

Instead of delusions of grandeur, we have a delusion cooperative. I mean OP isn’t wrong; as long as enough people keep buying (and holding) Bitcoin, Bitcoin will remain valuable. How valuable? Well that’s the rub. It’s so very interesting to me that Bitcoin Believers never talk about the fact that 94k large investors which represent just 2% of all Bitcoin accounts collectively own 80% of the Bitcoin in circulation. And yet…there is unshakable belief among so many fractional coin owners that Bitcoin is some incorruptible medium of exchange and wealth building…when it is in fact set up to be manipulated and exploited because it has zero controls, zero oversight, zero authority. It is only what it is. And people find that…beautiful. Which is lovely for its romanticism and idealism. But whether it bears fruit, is absolutely NOT guaranteed. OP says he doesn’t care if it takes 20 years to hit one million valuation. Aww, how nice for him. Many current holders of BC will in fact be dead years before that milestone is reached. Is money more valuable to someone’s life when they are 30 y/o? 40 y/o? 70 y/o? 90 y/o? Yeah I’m gonna go out on a ledge here and say it is better and it is more valuable and more rewarding to enjoy wealth as a younger person vs someone near the end of their existence. Also, dying of old age is not something any of us alive today should ever take for granted. I love the smooth brain-ness of those who just keep blindly buying more and more BC no matter what and then tout this as peak intelligence or ultimate wisdom. Of course it’s not. Do I own BC? Yep. Do I make my entire life about it? Do I invest every possible unspent unneeded dollar in my possession into owning as much BC as I can buy every 5 minutes of every day? Not at all. Do I go around trying to hype up the purchase of BC to others as often and randomly as I possibly can? Nope sure don’t. It’ll either do well or it won’t. Either way, life is too fucking short yall. Enjoy it as much as you can right the fuck now.

JLC587

Yeah you’re paper hands af bro. Bitcoin is not something you sell for profit because you want to go invest in stocks. It always moves in cycles. You should be stacking more not selling at its current ATL. You’re literally panic selling the bottom. The one thing they tell you NOT to do with investing. All I can say is it is going to go lower. Probably a good bit. But you should absolutely keep some liquidity to buy it when it’s cheep. The next swing up is going to be wild.

alternator1985

Blockchain is already useful for a ton of different applications that have nothing to do with crypto, and now that there is going to be millions of autonomous AI agents doing a ton of work online and through robotic agents, there will need to be a trustless architecture to track all those micro transactions in a reliable way, and considering nobody trusts big tech with their data anymore (nor should we) central databases are not the answer and decentralized networks will become the norm and much more secure. Efficiency and energy costs go down by moving to proof of work or similar architectures instead mining operations which is already happening for many networks. Blockchain finally has a use case with AI. And datacenters didn't come into existence with AI they have been sucking up water for well over a decade to run the Internet which I didn't see any of the anti-AI crowd complaining about. Nor do they seem to realize the cost in energy per million tokens has already dropped 100x in the first few years of the technology and the new chip technologies require a fraction of the water or none at all. None of these people know anything about technology, AI or Blockchain, they just hate scammers and attribute the tech to them, because they're even dumber than the scammers. Every new technology, just like the gold rush in the 1800's brings out the scammers and slop artists. AI isn't creating all this slop. Crypto isn't creating all these shit coin scams that people fall for over and over. The scammers and the underlying technology are NOT the same things, but to the general public they cannot tell the difference and most never take a closer look, they read the headlines at most and listen to the talking heads that confirm the bias they have formed. Nobody works from facts or data anymore. I say all of this as someone that holds zero crypto and heavily criticizes the American AI industry because they are completely fucking up and not factoring in human backlash to the business model (other than maybe Claude who people ironically hate even more), but they all also know something most people don't, a new social contract is coming and they are all talking behind the scenes (with the government) about UBI, which will be another failure if they do not include universal automation. But yea millions of robots and autonomous agents are coming, they are already being built. And many will use blockchain to confirm their work and transactions between themselves, not the type of blockchain tech that requires mining farms either. Most people only see what's right in front of them which is a bunch of AI slop and crypto scams and don't realize that's all created by other humans, and has very little to do with the development of the underlying technologies. Fool's Gold didn't change the existence of fools or value of gold.

Cmoz

There are certainly prediction markets like Kalshi that are NOT crypto. Theyre set up as centralized options trading platforms. And they sucked alot of the retail speculation demand out of crypto markets.

Willing_Albatross734

Hi everyone, ​I am sharing this to warn the community about a serious product logic flaw and Oracle resolution failure inside the official Binance App (Binance Wallet integration with Predict.fun), and how Binance support is completely evading responsibility. ​ The Issue: On a recent event, the market was left wide open for 45 minutes AFTER the event had officially ended and concluded. This allowed dead markets to remain active, exposing users to flawed product logic and unfair financial disadvantages. In blockchain and Web3 terms, leaving a market open post-event is a critical Oracle/Data Feed failure or a severe design exploit. ​ Binance’s Stance: Since this service is integrated directly inside the official Binance app and promoted within the Binance Wallet, I trusted the interface. However, Binance Support (under Case ID: CC9536207) officially stated that "there is no issue on the Binance platform" and that all disputes must go to the external provider because markets resolve via a "decentralized on-chain oracle system." ​ Why this is unacceptable: If Binance integrates, hosts, and exposes its global user base to third-party protocols with flawed logic that costs users money, Binance shares the responsibility for misleading its clients. They cannot leverage their brand to build trust for a service, and then wash their hands when that service fails technically. ​I have all the proofs fully documented, including screenshot 1000123215.jpg showing the time stamps and the dead market status. ​Be careful when using integrated Web3 services inside the Binance Wallet. If an Oracle fails or a smart contract logic is flawed, Binance will NOT protect you or take responsibility.

Willing_Albatross734

Hi everyone, ​I am sharing this to warn the community about a serious product logic flaw and Oracle resolution failure inside the official Binance App (Binance Wallet integration with Predict.fun), and how Binance support is completely evading responsibility. ​ The Issue: On a recent event, the market was left wide open for 45 minutes AFTER the event had officially ended and concluded. This allowed dead markets to remain active, exposing users to flawed product logic and unfair financial disadvantages. In blockchain and Web3 terms, leaving a market open post-event is a critical Oracle/Data Feed failure or a severe design exploit. ​ Binance’s Stance: Since this service is integrated directly inside the official Binance app and promoted within the Binance Wallet, I trusted the interface. However, Binance Support (under Case ID: CC9536207) officially stated that "there is no issue on the Binance platform" and that all disputes must go to the external provider because markets resolve via a "decentralized on-chain oracle system." ​ Why this is unacceptable: If Binance integrates, hosts, and exposes its global user base to third-party protocols with flawed logic that costs users money, Binance shares the responsibility for misleading its clients. They cannot leverage their brand to build trust for a service, and then wash their hands when that service fails technically. ​I have all the proofs fully documented, including screenshot 1000123215.jpg showing the time stamps and the dead market status. ​Be careful when using integrated Web3 services inside the Binance Wallet. If an Oracle fails or a smart contract logic is flawed, Binance will NOT protect you or take responsibility.

Bootsy_Gambolt

I wish you luck bro. My case is tiny compared to you. But its a lot of money to me. my case: # CoinDCX/Okto held my 871 USDC for 34 days, falsely claimed refund was processed, closed the case. RBI complaint filed. Full evidence. On May 22, 2026 I lost 871 USDC through a bug in the Okto-powered Hyperliquid app. Funds never arrived in my Futures wallet and went straight into an Okto-controlled wallet where they remain today — verified on-chain. What happened: • Okto app showed “Order placed” then immediately “Order rejected on Blockchain” • 871.196903 USDC never returned • Funds confirmed sitting at: 0x951DABDf0d5681C2c5A6c29B89E630BB3E0AD25F What OKTO did: • Opened case 8469714, called it “high priority” • June 14 — claimed “refund has been successfully processed” — no transaction hash ever provided • Funds never arrived • Case closed without resolution Tx hash: 0xd73ef65fee2ac4d08e361893234c4550a01d6a0212445fec8de10bbc02cd1759 • Opened case 8469714, called it “high priority” • June 14 — claimed “refund has been successfully processed” — no transaction hash ever provided • Funds never arrived • Case closed without resolution CoinDCX (parent company, FIU-IND registered as Neblio Technologies) has been contacted. RBI complaint filed June 25, 2026. DO NOT USE OKTO WALLET!!!!!

Willing_Albatross734

Hi everyone, ​I am sharing this to warn the community about a serious product logic flaw and Oracle resolution failure inside the official Binance App (Binance Wallet integration with Predict.fun), and how Binance support is completely evading responsibility. ​ The Issue: On a recent event, the market was left wide open for 45 minutes AFTER the event had officially ended and concluded. This allowed dead markets to remain active, exposing users to flawed product logic and unfair financial disadvantages. In blockchain and Web3 terms, leaving a market open post-event is a critical Oracle/Data Feed failure or a severe design exploit. ​ Binance’s Stance: Since this service is integrated directly inside the official Binance app and promoted within the Binance Wallet, I trusted the interface. However, Binance Support (under Case ID: CC9536207) officially stated that "there is no issue on the Binance platform" and that all disputes must go to the external provider because markets resolve via a "decentralized on-chain oracle system." ​ Why this is unacceptable: If Binance integrates, hosts, and exposes its global user base to third-party protocols with flawed logic that costs users money, Binance shares the responsibility for misleading its clients. They cannot leverage their brand to build trust for a service, and then wash their hands when that service fails technically. ​I have all the proofs fully documented, including screenshot 1000123215.jpg showing the time stamps and the dead market status. ​Be careful when using integrated Web3 services inside the Binance Wallet. If an Oracle fails or a smart contract logic is flawed, Binance will NOT protect you or take responsibility.

CodeMUDkey

Owning Bitcoin IS NOT ADOPTING BITCOIN. I’ve literally never transacted a single goddamn purchase in crypto other than exchanging dollars for crypto. This shit is not a solution to anything. It’s been a reasonably lucrative gamble that has, thank god, paid off somewhat.

tehdatacss

This coin is just doing crazy things. Nov Alltimehigh - and there are so many coins, which did NOT get a new one, also we are in the middle of AI focus. Render is also outperforming the bitcoin, as the bitcoin starts to being bullish. Im also heavy on fet, whats your average? At the moment mine is 0,33, i believe if u just buy and buy, some day (and even if its just 1$ again) it turns out.

Schwoanz

Lots of Bitpanda shilling lately. Definitely makes me NOT open an account with them.

coindigest

The part that doesn't add up: SecondFi says the $18.5M (129M ADA) was an "emergency rescue measure" routed to a third-party custodian, but Hoskinson is now relaying that Emurgo claims they don't even know who the white hat is. You can't both have deliberately triggered a rescue AND not know who's holding the funds. One of those is wrong, and that's exactly why people are uneasy and some are calling for an investigation. Worth remembering what actually broke: this wasn't a smart contract bug or the Cardano base layer, it was a flaw in SecondFi's (formerly Yoroi) wallet-generation software. Think of a locksmith whose key-cutting machine was quietly stamping out duplicate keys, every wallet made through it is suspect no matter how carefully you stored your seed. That's why "just move your funds" is messier than it sounds, and why the early official advice was to NOT restore that seed into a fresh wallet. For anyone actually affected: SlowMist (Cos) puts the real exposure north of $20M across \~178 wallets, and scammers are already impersonating SecondFi "support" with fake recovery tools. Stick to official SecondFi channels only and never paste your seed into any "recovery" anything. That second wave is what cleans people out after a hack like this.

TheresNoSecondBest

Perhaps you need to read this, mate: Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. DCA is probably the best approach. Once a week works best for me, but I'm getting paid weekly. This [DCA calculator](https://21vox.com/dca-calculator) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. **A few good wallet choices:** [https://blockstream.com/app/](https://blockstream.com/app/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. **Lightning wallets** to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. If you can afford it, opt for Safe 7 (air-gapped) and use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor). Sadly, this device is not air-gapped. [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, making is an expensive hot wallet. The opposite of what you want from a cold wallet. **Stay away**, save yourself a headache in the future. The same goes for many other hardware wallets that are too new or filled with too much of unnecessary shitcoin code. Stay away. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

validelad

First, I wasnt the original poster you were responding to. It seems like you may have thought i was. Beyond that, i understand what you are talking about with collateralized loans. However, there issues with what you laid out. There is no way they will get a 1% interest loan in the current environment. They are more likely looking at loans in the 5% range, which is a huge difference. There is also a limit to how much an entity can take loans out to pay loans. The uber rich can do that because they are taking loans out that are a tiny fraction of their net worth. Like, think Zuckerberg or whoever taking out a $10 million dollar loan when his stock assets are in the 100s of billions. Mstr's obligations are a much much higher percentage of their assets. They can only collateralize each bitcoin once so to speak. Also, there is a really limit to how much bitcoin they can sell. When they sold just 32 recently it caused a crash in bitcoin value. Imagine what would happen if they started trying to sell billions worth. Their $50bn bitcoin reserves is only that value on a spreadsheet. If they tried to liquidate a significant portion of that, it would end up being a small fraction of the current "value". Most egregious, you implied the original poster had no ideo how companies work, but what you were thinking about is how individual high net worth people manage their finances. That is NOT generally how companies "work". Some companies may issue a lot of debt, often in the form of bonds, then end up issues more bonds to make payments on the old bonds, etc. But the level of obligations mstr makes that a non sustainable non starter.

Traditional-Solid-43

I've certainly felt that psyche? state. It's not that I WANT them to get hurt, or that I'd willingly go out of my way to hurt them, but it might be a really unconscious and subconscious satisfaction that comes from wanting your own survival to come above ANYONE else's. So you feel a sense of gratification not because someone's in pain but because YOU'RE NOT the one in pain.

dirtsmurf

"least credible" yikes man. Im just an adult with hard money in the USA. You sound like you have a weird chip on your shoulder. "I wired" - I dont care, not the same thing at all "I withdrew some thousand" - I don't care, not the same thing "I got a cashiers check" - AGAIN NOT THE SAME You're clueless.

Timely-Fig2030

Memecoins are no form of crypto. It's the most centralized garbage (running on a decentralized blockchain). Hence, memecoins are NOT crypto.

TCr0wn

i am an expert in crypto, this is 100% a scam. there is no doubt at all. do NOT do this.

Aggravating_Rub_9111

I DID NOT CHOOSE MY USERNAME, DAMNIT and I'm a fucking she.

TheresNoSecondBest

>Need investment advise I also always visit r/Bitcoin when I'm in need of investment advise/s Anyway, congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. DCA is probably the best approach. Once a week works best for me, but I'm getting paid weekly. This [DCA calculator](https://21vox.com/dca-calculator) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. **A few good wallet choices:** [https://blockstream.com/app/](https://blockstream.com/app/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. **Lightning wallets** to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. If you can afford it, opt for Safe 7 (air-gapped) and use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor). Sadly, this device is not air-gapped. [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, making is an expensive hot wallet. The opposite of what you want from a cold wallet. **Stay away**, save yourself a headache in the future. The same goes for many other hardware wallets that are too new or filled with too much of unnecessary shitcoin code. Stay away. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

VisiblePlatform6704

I AM ALSO NOT SELLING!!!! ^(i am getting liquidated)

Ordinary_Repeat7637

Then why has oil been dropping like a rock the last few days? Fed is NOT hawkish. That's a fake narrative. Just stop making up bullshit and spreading fear.

malacosa

This is happening NOT because TradFi believes in Bitcoin, it’s happening because they KNOW fees are their profit. They don’t give a crap about price movement of anything as long as they get a 1% fee for selling it.

beemerguy7

I couldn't agree more about cycles. But you or I are NOT getting physically ill while waiting. This guy is. Nothing is worth losing your health over. So no my advice is not stupid as you so elegantly say. Some people are not built for risk.

zmagickz

AI stocks cooling down (NOT crashing, this would be bad, but small correction and maybe 6 months of flatish gains) and interest rate cuts these are your main catalysts to look forward to

Slajso

Do NOT...I repeat, do **NOT** answer any crypto-related DM's. It's all a scam, especially when it doesn't seem like it. Literally block anyone sending you anything related to crypto in a DM, anywhere. Oh, and, always do your own research (as well).

FilipinoAirlines

The mentality that worked for me since i also have anxiety and paranoia due to military service is that if Bitcoin fails, then millions of other wealthy people and businesses also fail. So in short, powerful people and business entities WILL NOT let it fail.

Kakkarot1707

Mass adoption is good to use bitcoin for the technology behind it and use it as a currency…using it for FIAT investment is NOT the goal here

ubermensch1001

All of the metrics show we are very close to or at the bottom. 200 week moving average, coins in loss vs. profit, etc. Could it go lower, sure, but expecting some substantial move to the downside from here when we've already hit the 200 week is NOT the correct view to have.

EnderSword

The entire point of 'DCA' which is already a terrible, terrible strategy.... is to NOT do any of those things. if you're both DCAing AND trying to time the market, it's even dumber than DCAing to begin with.

Klutzy_Pool9702

Seems like the most common sentiment is that the bottom is NOT in yet, so that tells me it is and it's about to explode hahaha

IAmSomewhatDamaged

This is EXACTLY why it is NOT easy to make a ton of money off of BTC… even if we have a model that can roughly predict a new ATH every 4 years or so. Having the BALLS to buy when BTC’s price is in the toilet for weeks or months on end is MUCH easier said than done. Also, the BTC Halvings are spaced far enough apart that the Bear Market is so long and BORING… so it’s even harder to HODL through it.

QuadzillaStrider

Except this isn't how loans on crypto work at all. Putting up your coins for loan is no different than lending stock shares for margin trading. It is NOT being marked as sold when you take the loan money. Don't know who told you this, but they were wrong.

Ok_Lake8089

"store of value" means no sustainable growth for ~5yrs. DO NOT adjust for inflation or consider opportunity cost.

KenFX4

Just when you thought you knew every possible reason NOT to live in a blue state... they create another!

AdFast1121

I mean I first entered crypto in 2023 and went for solana, the token was NOT hyped at all at the time with a lot of '30 dollars is mathematically impossible before 2030' takes  There's so much recency bias online but this idea of a 'top 5' is a very present tense concept. 3 years ago it was the top 2 and everyone else. 8 years ago it was bitcoin and everyone else. 

LedByReason

I looked into the cryptocurrency aspects of the law, and they’re pretty bad. 0.2% tax on transfers to, from, and between exchanges based on the value of the transfer. As well as 0.2% on purchases and sales. Note this is NOT a 0.2% tax on capital gains, but on the ENTIRE amount being transferred, bought, or sold. I generally like Pritzker, but this tax should have been publicly debated and not slipped into a budget bill like this. I hope this can be litigated based on The Uniformity Clause (Article IX, Section 2) of the Illinois Constitution. Goes into effect Jan 1, 2027.

TopicTalk8950

I do not know the state of Illinois’ cyber capabilities. I simply stated a fact. However, personally, I would rather **NOT** test those capabilities through committing tax fraud.

LedByReason

I looked into the cryptocurrency aspects of the law, and they’re pretty bad. 0.2% tax on transfers to, from, and between exchanges in the value of the transfer. As well as 0.2% on purchases and sales. Note this is NOT a 0.2% tax on capital gains, but on the ENTIRE amount being transferred, bought, or sold. I generally like Pritzker, but this tax should have been publicly debated and not slipped into a budget bill like this. I hope this can be litigated based on The Uniformity Clause (Article IX, Section 2) of the Illinois Constitution.

sonicode

Yeah, because Illinois really pioneered the infrastructure of cryptocurrency and continues to provide services to allow crypto platforms to exist... NOT. Governments are suck a fucking parasite.

ChartSuper606

Have you posted to the UMA discord? If I had an account that would allow me to post here is what I would argue. Anyone who would like to post on my behalf, please do. P4: TOO EARLY P1: NO Evidence: \- Neither the United States nor Iran have made the memorandum of understanding public. \- A memorandum of understanding, by definition, cannot “include a definitive agreement to end military hostilities between the US and Iran on a lasting basis”. \* As per Merriam-Webster dictionary the word definitive is defined as: 1. serving to provide a final solution or to end a situation. 2. authoritative and apparently exhaustive. 3. serving to define or specify precisely. \- According to DocuSign (which is widely believed to be the platform used by the United States and Iran to sign the MOU): \* “MOUs are often the first step before creating a formal agreement and binding contract.” \* “Memorandum of understandings are used before drafting the main contract in the early stages of an agreement.” \* “It’s a preliminary agreement that reduces uncertainty and the potential for disputes.” Rationale: \- (P4) Because the UMA Oracle presumably does not have access to the MOU alleged to be signed by both the United States and Iran, there is not enough evidence currently available to resolve this market to ‘YES’. \- (P1) The rules of this market as defined on Polymarket’s website state: \* Agreements that are explicitly temporary or which do not include a DEFINITIVE agreement to end military hostilities between the US and Iran on a lasting basis (e.g. a temporary extension of the two-week ceasefire agreement announced on April 7, 2026), will not qualify. \* Both the governments of the United States and Iran provide clear public confirmation that a qualifying agreement has been DEFINITIVELY established. Negotiations, statements of progress, or other statements which do not constitute a DEFINITIVE announcement that a qualifying agreement has been reached will not count. \- By definition: \* A MOU is a preliminary agreement. A preliminary agreement is NOT definitive. \- By Polymarket’s definition: \* Negotiations, statements of progress, or other statements which do not constitute a DEFINITIVE announcement that a qualifying agreement has been reached will not count. \* It has been reported that the MOU literally includes a 60-day negotiation window. If negotiations are still taking place, the MOU is NOT a DEFINITIVE agreement.

KateR_H0l1day

If you bought at $100 a month ago to get $0.96/share/month, you obviously thought it was a good deal then, because you bought it. Now the price is lower, your average price per share is lower, so not a good time to sell as you lose money from last month principal. Plus your dividend share per month won’t cover the loss, so it’s either take a loss, or hold and let the dividend build, they’re NOT going to default on the dividends. Additionally, looking at the price today, and the dividend, it gives a much better product expectation than a month ago when it was $100! Either way, you can buy more today, increase your effective dividend return, and reduce your average somewhat. Or as a new/first time buyer your effective dividend is higher than the 11.5%, providing a very good entry point. Plus, it’s effectively better than SATA buying at this price point even though the dividend return is lower than SATA, and you have a good chance to increase your base amount through growth. Is it a risk, yes, so first you have to decide if they will default on the dividend payment, or are they going to zero, for me, very little chance either will happen 🤷‍♀️

should-happen-2025

Good god man is written everywhere all the time: DO NOT STORE YOUR SEED ONLINE!! (no pictures, no emails, no cloud). Having said this, don't be discouraged, live and learn. The problem is not that btc is "too complicated", the problem is that you did not follow it's rule #1

BizDev1

What? Thats the worst thing to do OP. I feel you and am sorry for your loss. However, although you can see where it went, by looking up the wallet address on Blockchain, etc., there’s nothing anyone can do to retrieve the BTC. In future, please remember NOT to take even a screenshot of the seed phrase, store it digitally, or send it digitally via any internet based communication systems. Hope this helps.

juanlee337

You are an idiot...Its NOT a scam .. its been known that the voting process make this a HUGE gamble ..

Favell81

Man, I’m so sorry this happened. That's a classic rookie mistake too. Never keep your phrase stored digitally, NOT even as a photo. Even using a film camera carries a risk unless you develop the pictures yourself. Honestly, the safest approach is to split your phrase and leave pieces with four different trusted people or places. That protects you if you lose a piece/ half Ultimately, though, get into the habit of memorizing your seed phrase. That is my number one piece of advice.... I always memorize my main wallet phrase. I've had my OG memorized wallet since day I practiced writing it out over and over until it's memorized and then I burned the paper it was on I practiced with then periodically I'll rewrite it on paper just to make sure I don't forget it I always burn that paper when I'm donewith it too 🤷‍♂️ I hope you recover And this doesn't ruin you! 🍀💙

sportznut1000

Yeah while i don’t agree with the entire premise of OPs polymarket bet, i think you misunderstood their post. There bet was that there would NOT be a peace deal. Right now it doesn’t seem official, its just a lot of “framework to a deal is imminent” type of news reports. So OP is saying they should stand to win 700k. Instead it looks like they might lose their bet, which as someone above pointed out, the bet might only be about 27k based on the odds. Not sure how OP got those kind of odds though, but still betting on a war to continue or stop seems kind of sleazy

user_name_checks_out

> How is this NOT the exact same playbook playing out like MSTR? How is "controlling" or adding Bitcoin to one's balance sheet helping anybody get to 21million? I am so confused by y'all. Tell me that you have not bothered to make the slightest effort to understand how bitcoin works without telling me that bla bla bla

Meto_Kaiba

How is this NOT the exact same playbook playing out like MSTR? How is "controlling" or adding Bitcoin to one's balance sheet helping anybody get to 21million? I am so confused by y'all.

kbeks

Hate to be that guy, but they agreed to a memorandum of understanding and have explicitly NOT signed a permanent peace deal. You lost the bet. Idk what to tell you. You’ll understand better as Trump faces increasing pressure from republicans and Israel to do what his daddy should have and pull out.

TheresNoSecondBest

Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. DCA is probably the best approach. Once a week works best for me, but I'm getting paid weekly. This [DCA calculator](https://21vox.com/dca-calculator) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. **A few good wallet choices:** [https://blockstream.com/app/](https://blockstream.com/app/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. **Lightning wallets** to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. If you can afford it, opt for Safe 7 (air-gapped) and use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor). Sadly, this device is not air-gapped. [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, making is an expensive hot wallet. The opposite of what you want from a cold wallet. **Stay away**, save yourself a headache in the future. The same goes for many other hardware wallets that are too new or filled with too much of unnecessary shitcoin code. Stay away. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

TheresNoSecondBest

Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. DCA is probably the best approach. Once a week works best for me, but I'm getting paid weekly. This [DCA calculator](https://21vox.com/dca-calculator) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. **A few good wallet choices:** [https://blockstream.com/app/](https://blockstream.com/app/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. **Lightning wallets** to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. If you can afford it, opt for Safe 7 (air-gapped) and use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor). Sadly, this device is not air-gapped. [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, making is an expensive hot wallet. The opposite of what you want from a cold wallet. **Stay away**, save yourself a headache in the future. The same goes for many other hardware wallets that are too new or filled with too much of unnecessary shitcoin code. Stay away. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

Cinq_A_Sept

It’s also v wet y possible that Spcx -‘d the Anthropic IPOs will take a lot more of BTC market share this round. There is a REAL. Competition for funds and people like to chase the shiny new object, which right now is NOT BTC. I’m holding, but will not be buying until we see $$30- $35 K. There’s long therm upside (especially after Spcx crashes hard), but right now? No way.

Puzzleheaded-Pool-71

Look at this true monetary wizard. You need to BUY Bitcoin right? Yes or no. Can you buy one BC with a box of crackerjacks?!? Nope. Until we all get PAID in BC then NO Bitcoin is not a true monetary asset. Got some one-of-a-kind seashells in a box somewhere. Only ones like them in the world!! Couldn’t sell them at a rummage sale for $2 (USD). Scarcity is NOT an equivalent to value. Keep holding your buys/next stack up; BC bout to be cheap AF.

Reach_Beyond

No. It’s not NOT obsolete now because it has or doesn’t have utility. BTC could fall out of favor the same way currency’s have in the past.

Medium_Change4574

I made the same mistake, kept buying into whatever new narratives came up, mostly in 2024. That resulted in high entries and averaging down was now harder with too many positions. Since October 10th I only DCA bags that have a decent chance to actually break-even again, even though I am already overexposed in crypto. I'll let the others die for future tax write offs. NOT buying in the bear might be the worst mistake after all the suffering we've been through, even if buying feels like burning cash here.

youdontimpressanyone

Nope. One actually registered with the SEC while the other fled to Switzerland to form a phony NOT FOR PROFIT corporate stiftung that was very much for profit, engineered by US citizens using autistic dumbo as a front man for Joe Lubin and JP morgan and other massive corporate interests to avoid registering as a corporate securities offering and corporate disclosures, and avoided prosecution by placing their own people in the cftc and sec treasury enforcement arm. Apples to apples

TartarusXTheotokos

Yeah that makes sense given all the odd hatred I’ve been sent. I’m probably closer to the type of investor in your circle and you’re totally right about keeping the caution level high; I just try to keep my finger on the pulse on an hourly basis lol. I guess it’s also different trading styles for different folks which tends to bring a “post-burn” anger. Just kinda odd lol like why can’t people just be happy for other fellow traders? 🤦‍♂️😂 isn’t trading supposed to NOT involve much emotion? I could be wrong but just a bit ironic imo🤷‍♂️

MrKillerKiller_

Yes a dip in a bull run. NOT an extended downtrend to crypto winter.

TheresNoSecondBest

Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. DCA is probably the best approach. Once a week works best for me, but I'm getting paid weekly. This [DCA calculator](https://21vox.com/dca-calculator) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. **A few good wallet choices:** [https://blockstream.com/app/](https://blockstream.com/app/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. **Lightning wallets** to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. If you can afford it, opt for Safe 7 (air-gapped) and use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor). Sadly, this device is not air-gapped. [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, making is an expensive hot wallet. The opposite of what you want from a cold wallet. **Stay away**, save yourself a headache in the future. The same goes for many other hardware wallets that are too new or filled with too much of unnecessary shitcoin code. Stay away. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

LuckeyMen

NOT DID!

Hodlermama

As someone has said - DO NOT TRADE. As a beginner it is going to lose you all that you put in plus more. I taught myself to trade and TA, and after a year of learning, tries trading for six months. I can objectively tell you to stay away from it. Even experienced traders lose money. If your thinking of long-term hold as an investment, then buy btc only. Put in a small amount of your weekly savings and dontahtvgain next week. Rinse and repeat till December. Move your btc to a cold wallet and keep your seed phrase safe. Then leave it for two years. You can choose to hold or sell at that point.

ReliantToker

DO NOT TRADE. As a beginner you should be focusing on education and accumulation. As you learn more accumulate more. Over 90% of amateur retail traders (AKA YOU) lose money.

ubermensch1001

The one million threshold is probably not as far off as many people think. We are in the early stages of accumulation by both tradfi and governments, including the U.S government. By the 2028 halving, less than 2 years from now, there will be roughly 650k BTC remaining to be mined and by 2032 this drops to about 320k. Within this time frame, you will see widespread adoption by tradfi institutions and the major governments of the world will have actively been accumulating. If the U.S government passes ARMA and begins accumulation for the BTC reserve, you will for sure see other nation states doing something similar. In addition to this, there are already U.S states that are either actively accumulating, Texas, or in the process of passing legislation to start BTC reserves. Again, you will all see this play out within the next 2 to maybe 3 BTC halvings. Now, factor all of what I mentioned above with the fact that most BTC is already being held by wallets that are clearly looking to lock these assets into cold storage for the long term. This means that there is a dwindling supply available to an ever growing pool of demand. What's insane is that we aren't even specifically discussing Microstrategy either, which has effectively captured the bond market by offering a BTC product with fixed yield. Within the next 2-3 years we will see a new all time high. However, I do NOT expect this to take decades before we see the 7 figure milestone. There is so much that has changed since 2022 and previous cycles that I do believe we are not going to see this play out as before.

Evildude66

I'm gonna give my simplified explanation: The pitch used to be: a totally decentralized p2p currency. Then the pitch was that its a store of value. Then the pitch was it was a hedge against inflation. Over time, the pitch changed to say that governments and institutions are buying up large portions of supply, and that its value would increase because supply scarcity. Sure, elements of each of these pitches co-existed throughout... but logic dictates that you can't have a totally decentralized p2p currency while simultaneously having MSTR, ETFs, and governments owning VERY large chunks of supply, and mining concentration dominated by a handful of parties. The dominant pitch of the day will naturally adjust to the interests of those who stand to benefit the most. And at this time, my opinion is that it is NOT the cypherpunks, anarchists, and rebels who were loudest at the beginning. The parties who stand to benefit the most now are the ones who rely on its volatility, not its steady increase of value.

pigeonwiggle

has nobody ever told you the rules? 1. don't spend more than you can afford to lose -- that means NOT taking on debt for this shit (jesus christ) 2. not your keys, not your crypto -- if it's on an exchange, it's not in your hands, and the whole point of self-governance is that you self-govern. 3. don't get emotional -- fear is the mind-killer. don't sell at a lower price than you bought. (unless it's shit-coin, gtfo) 4. this is not financial advice -- don't tell people you've invested in crypto or they'll expect that you've made some money, or worse, will invest themselves and hate you for influencing them.

TheresNoSecondBest

Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. DCA is probably the best approach. Once a week works best for me, but I'm getting paid weekly. This [DCA calculator](https://21vox.com/dca-calculator) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. **A few good wallet choices:** [https://blockstream.com/app/](https://blockstream.com/app/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. **Lightning wallets** to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. If you can afford it, opt for Safe 7 (air-gapped) and use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor). Sadly, this device is not air-gapped. [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, making is an expensive hot wallet. The opposite of what you want from a cold wallet. **Stay away**, save yourself a headache in the future. The same goes for many other hardware wallets that are too new or filled with too much of unnecessary shitcoin code. Stay away. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

f2pool-CSR2

DO NOT TRADE. You will lose them all, especially you have not learned trading.

sarcastic_bastard

So you re basically agreeing with the op that btc is NOT a store of value but a speculative bet that actually behaves like a leveraged nasdaq indicator

Hour_Flounder1405

here are THE NUMBERS. You can thank me later, or not. It doesn't matter, I just feel generous today. bitcoin: the lower band of support is 58730. This got marked several days ago. That is the hard floor in this cycle. Price is very unlikely to move lower than that floor. and if it does, it will be a flash red candle to take out greedy over leveraged long players. DO NOT BE GREEDY AND BUY THE WORLD. Just don't. If you do, you will get slaughtered. the regression band (also called fair value) is 165,524. Price has the highest probability of marking this level in about 2-6 months. the upper band, cycle top, long term exuberance is 582,167. This will take about 1-3 years to mark. don't be cute and sit limit orders right at the lower bound, hard floor support. Set your limit orderes in a range of prices above and below it. If you try to get smartie pants with highly leveraged buy options, and I cannot overemphasize this enough...you will get stuffed. just be reasonable, trade only what you can afford to go without for at least a few years without impacting your financial wellbeing and day to day living expenses. DO NOT BET THE FARM. Now I am very confidence of these values. I will NOT respond to any question asking how I derived these values. That is none of your business....But I am in a generous mood and so please just be satisfied with that. and here is the last part everyone really needs to understand and be very clear about. The lower bounds, hard floor of support IS NO GUARANTEE. It comes with a warning. it is more than just a line in the sand. it is a value that is do or die for bitcoin and the entire crypto ecosphere. Should price fail to find support at 58,730...bitcoin loses a structure factor that cannot be altered. It will die...It will literally dissolve into a what could have been idea that will be relegated to the dustbin...a new chapter of a long line of ideas that sounded good on paper, but failed to maintain its stated narrative...and that is that it is a store of value. Below 58,730 wipes that narrative away and it can never recover again. This is why this level is so crucial. YOU AND I CANNOT AVERT WHAT MAY HAPPEN AT THAT LEVEL. OUR COMBINED INVESTMENTS ARE NOT THE CONTROLLING FACTOR AND NEVER WILL BE> However, if the big players make the decision that Bitcoin will be allowed to exist and have a future that is viable, it will happen at 58,730. also noting: 58,730 is the verbatim mathematical value. However, bitcoin marked 59,073 on 5 June 2026. For practical purposes that floor has already been touched and tested. It's an insignificant difference between 59,073 and 58.730. We will for trading purposes assume the floor has already been established. You are welcome. DO NOT BET THE FARM. Just invest what you can and still have a normal happy life and not have to worry about finances in the next several months and years. I will update this when we mark 165K in the next several months. you are welcome God Bless America

ClearSnakewood

If it’s NOT on the blockchain, then it’s NOT Bitcoin. Not your keys, not your coin. This fight really needs to be revived. F these dumb Tradfi clowns.

TheresNoSecondBest

Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. DCA is probably the best approach. Once a week works best for me, but I'm getting paid weekly. This [DCA calculator](https://21vox.com/dca-calculator) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. **A few good wallet choices:** [https://blockstream.com/app/](https://blockstream.com/app/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. **Lightning wallets** to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. If you can afford it, opt for Safe 7 (air-gapped) and use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor). Sadly, this device is not air-gapped. [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, making is an expensive hot wallet. The opposite of what you want from a cold wallet. **Stay away**, save yourself a headache in the future. The same goes for many other hardware wallets that are too new or filled with too much of unnecessary shitcoin code. Stay away. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

cryptoanddown

The entire crypto market is still highly correlated. Assets move together. When in a bear market like we are now. Take a look across the different sectors to see the outliers that are still performing well. These tokens that are performing well when everything else is down can give you a clear insight into building a better diversified portfolio. Take a look at the below watchlist I created for L1s and Native Tokens used for Gas. Trx has typically been a consistent performer compared to ETH and others. New additions CC is performing better than most others over the last 3 months. One metric to take into account is that on a percentage basis, TRX and CC are not as far from their All Time Highs compared to every other token. Diversification for Cryptocurrency is looking across tokens that are not highly correlated. THIS NOT INVESTMENT ADVICE. https://preview.redd.it/koia0q28ph6h1.png?width=1236&format=png&auto=webp&s=3856788b7c7b3ce27a1e15614082cbb26048cb7b

Slow-Food-524

then you are probably fine. Now is NOT the time to buy. support is about to Crack down.

WinterWind1310

WHY THE MAGICIAN'S RULE WORKS (reverse-engineered) THE RULE n = 1 + ( 19 XOR [keys of every card the number is ABSENT from] ) keys: D32=26, D16=22, D8=10, D4=36, D2=43, D1=63 LINK 1 - A number = its "absent-set" Each card has 32 holes. Turning a card 180 degrees swaps hole/solid everywhere. Stack all six and exactly one hole survives = the number's cell on the front. So a number is fully identified by WHICH cards have a hole at its cell (the cards it is ABSENT from). Six yes/no answers = 6 bits = 64 numbers. One-to-one. Check: 38 is a hole on all six -> absent-set = {all}. 20 is solid on all six -> absent-set = {}. LINK 2 - The front value is LINEAR in that set Write the absent-set as a 6-bit vector. The rule claims: (front value - 1) = 19 XOR (XOR of Dk for each absent card) i.e. front value - 1 is a fixed constant, XOR a fixed key per absent card. The "magic square" is not arbitrary - it is the output of a linear code. LINK 3 - Solve the constants by hand from the anchors Each (number, absent-set) gives one equation. Pick them to isolate unknowns: 20, absent {} -> value-1 = C -> C = 19 26, absent {8} -> 25 = 19 XOR D8 -> D8 = 10 8, absent {2,1} -> 7 = 19 XOR D2 XOR D1 -> D2 XOR D1 = 20 9, absent {4,1} -> 8 = 19 XOR D4 XOR D1 -> D4 XOR D1 = 27 38, absent {all} -> 37 = 19 XOR (all keys) -> rest XOR to 60 C and D8 come out immediately and uniquely. The other five keys are UNDER-determined (3 equations, 5 unknowns). -> Five anchors alone do NOT pin the full square. LINK 4 - The perfect-Franklin property closes the gap Requiring all 2x2 = 130 and all broken diagonals = 260, on top of the linear form, kills the leftover freedom and (with the 20-vs-26 placement decided by the square) forces the unique keys: D32=26, D16=22, D4=36, D2=43, D1=63 Logic: linearity gives the skeleton, Franklin-ness gives the flesh. LINK 5 - Why the two forms match Present-card form starts at 37 instead of 19. 37 = 19 XOR (all six keys), so XORing absent keys vs present keys differ only by that constant. Same functional, two doors. holes + 180-flip -> number = its absent-set (a 6-bit vector) -> front value is an affine GF(2) function of that vector -> anchors fix the constant + most keys, Franklin fixes the rest -> magician evaluates that functional in his head and adds 1. HOW & WHY XOR ======================== THE FIRST CLUE - the 180-degree flip Turning a card upside down sends cell (r,c) to (7-r, 7-c). For a 3-bit number, 7 - x = flip every bit of x = x XOR 111. So a 180 flip = XOR the cell address with 111111. XOR is already sitting inside the basic move. Flipping = toggling bits. THE SECOND CLUE - each card is one independent on/off choice Per card you either flip or you don't. That's six independent binary switches. When you combine independent on/off contributions and there are NO carries between positions, the math that does that is XOR (addition mod 2). Stacking the cards literally adds these toggles with no carry -> XOR. WHY NOT ORDINARY ADDITION (+)? The HOST uses + : 64 - (sum of flipped labels) gives a POSITION. But the magician needs the NUMBER, and number-vs-position is the Franklin square. We tried to fit the number as: - integer-linear in the 6 bits -> failed - a reorder/permutation of bits -> failed - affine over GF(2): constant XOR a key per set-bit -> fit ALL 64 So XOR wasn't assumed - it was the only operation that fit every cell. THE UNDERLYING REASON The whole device is six independent binary toggles with no interaction between them. The natural algebra for "combine independent on/off effects without carrying" is GF(2), whose addition IS XOR. The creator built the front square as the output of a GF(2) linear code (value - 1 = constant XOR sum-of-keys), which is exactly why XOR - not +, not multiply - reproduces the square perfectly. ONE LINE Flip = complement = XOR with all-ones; six independent flips = six XORs; and the number turned out to be a GF(2)-linear (XOR) code of those flips, which is the only operation that fit all 64 values.

AutoModerator

Post is by: gauravk358 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1u1ym2s/how_bitgets_forced_adl_closure_destroyed_my/ 1/ I want to share what happened to my SAHARAUSDT position on Bitget because I believe traders deserve transparency regarding how the exchange handles ADL (Auto-Deleveraging) events. 2/ I was running a hedged strategy: \\- Short SAHARAUSDT perpetuals \\- Long SAHARA spot This was NOT an unhedged directional gamble. The setup was specifically designed to reduce market exposure and manage risk. 3/ My futures position was profitable at the time of the incident. I was NOT liquidated. There was NO margin issue. Yet Bitget forcibly closed my short futures position through ADL without my consent. 4/ The biggest issue is that once Bitget force-closed the futures leg, my hedge was removed while my spot position remained open. That instantly exposed me to market risk I never intended to take. 5/ As a direct result of this forced closure, I suffered losses of around 8,000 USDT on my spot holdings. These losses were caused by the exchange intervention itself, not because my account blew up or got liquidated. 6/ I also received no meaningful warning before this happened. No proper escalation. No clear indication that my profitable hedged position was at imminent risk of forced closure. 7/ If exchanges can forcibly dismantle profitable hedge positions without adequate warning, traders deserve full transparency about: \\- ADL queue rankings \\- Trigger conditions \\- Insurance fund status \\- Risk disclosures 8/ I have formally requested from Bitget: \\- Full ADL logs \\- Queue ranking details \\- Warning records \\- Explanation for selecting my position \\- Compensation review for the resulting losses 9/ This is bigger than one trade. Risk systems should protect market stability without unfairly exposing users to unexpected losses through forced intervention. 10/ I hope Bitget reviews this situation seriously and provides a transparent and fair resolution. @bitgetglobal *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Slajso

The DTCC will NOT use one thing only, you're crazy lol

teunbtc

It really depends on the situation.  In Germany, Bitcoin and other cryptocurrencies are classified as private Veräußerungsgeschäfte (private disposal transactions) under § 23 EStG. When it IS taxable: You sell or spend BTC that you held for less than 1 year any gain is taxable as income The gain = current value at time of spending minus your original purchase price When it is NOT taxable: You held the BTC for more than 1 year, completely tax-free, regardless of the gain Your total gains from all such transactions in that calendar year are under €600 (minor threshold)

slipperysnake13

Yes, I have many. Others in this thread have provided solid rebuttals to your assertion. Do you have a valid rationale as to how our fiat currencies are NOT being debased? This is a weird point to argue in my opinion. It’s quite clear. Take one look into how CPI is calculated and you’ll quickly realize that measurement is about as good as garbage.

f08g

Whatever you do DO NOT SELL

beyourownsunshine

A bear market is a market that is red on the charts and everything goes down. A bull market is a market that is green on the charts and everything goes up in value. In 2026 it was predicted to be a crypto bear market and as you can see crypto is red on the charts and has been going down in price. It is expected this bear market only lasts a year, so in the 3 years after this it is predicted that bitcoin will go back up in price and make a new all time high. This only works for Bitcoin though. All the other alt and shitcoins are a whole lot less predictable. I sold all my Bitcoin last year at the high and will probably buy back in later this year at a lower price. After three years of holding my new bought Bitcoin I will sell them again at again at a new high To add: this is NOT financial advice. Do your own research. This is just what i think works for me and how I think the market will keep behaving. But results in the past will not ensure the same will happen in the future