BTCUSDT20240628P49000
Bitcoin / Tether USD Jun 28 2024 49000.00 Put
crypto

It’s ok, just do you.  The ETF is fine.  If we are being honest the ETF have far more provable assets than centralized exchanges many keep their BTC on.

If BTC climbs over the weekend! Monday is going to be Xmas Green.

At what amount of BTC do you guys think it makes sense to move your coins to a cold wallet? I’m trying to figure out when it becomes worth the extra security

fun math fact: $WULF is 2x $GOOG + 2x BTC / inverse $SPY

I agree that the inheritance/multi-sig aspect of bitcoin is one of the main learning curves that deter people from going all in on long term savings. Learning to self-custody with a hardware device is reasonable enough, and something you often come to on your own. But once you begin building up a large amount of savings you realize that the risk is not just losing/compromising your seed phrase but also that you need your spouse and relatives to know your setup (but also design it for them NOT to know it \*too\* well, or have access \*too soon\*).
For easy access by relatives/heirs if something happens to me, I have considered 3 options:
1) Use a service like Unchained, Nunchuk (still need to research both more). **Downside**: Requires more trust, ongoing expense.
2) Divide up a multi-sig setup among relatives, 2 of 3 means 1 seed phrase for me (with a copy in my will), 1 for my spouse (so that together we can still sign transactions if ever selling) and 1 for a dependent. **Downside**: my spouse needs to keep it separate from me. Also my dependents are not adults yet, so do I put the 3rd sig in the will for all my dependents to have if it comes to that?
3) Use passphrases in addition to a single-sig (rather than multi-sig). The single sig is backed up on metal in my safe, the passphrases are put in the will (in a way that is not obvious they relate to bitcoin along with instructions about other passwords), but the instructions in the safe will point my dependents to the will, each with their own passphrase that can be used in addition to single-sig to access their own BTC wallet. The single-sig on it’s own leads to a wallet with minimal funds and it’s not obvious that there are any passphrases that go with it to additional wallets (sort of a dummy wallet if the safe is compromised). **Downside:** making sure you’ve documented correctly and update any changes (but changing passwords in your will seems easier than updating multi-sig imo) - someone could do this concept of passphrases from the same single-sig and do multiple multi-sig accounts for each of their dependents
Considering these options I don’t know that move app features or different UX will change the learning curve much. But people are so used to relying on financial advisors that maybe more of the teaching will come from those who help write wills and advise on retirement planning (if people really do “get off the wheel” of chasing stock markets investments and managed portfolios in favor of sound savings in bitcoin then all those jobs of money managers are going to have to adapt to other needed services or be out of work!)

You’re missing the point. Scarcity does not equal value. Utility or ownership of profit = value. Bitcoin provides neither. You guys just play these absurd games of mental gymnastics to try and get around the fact that BTC is just a line of code. It doesn’t exist in the physical world. It can be lost in the digital world without a pass phrase. It represents ownership in nothing. It has no real world utility beyond money laundering and fringe transactions that don’t impact 99.9% of the population. You know the reality is the only way up is finding a greater fool, chasing fomo and speculation. You will never be able to articulate why that isn’t the case or why bitcoin has value. You’ll just come back with troll like responses that offer no counterpoint or supportive argument of your own. That’s the real LOL.

The BTC chart is not bullish at all. If key levels continue to be broken, we'll see 50k USD and even lower before returning to 150k USD.
BTC relies first and foremost on a really well oiled marketing machine that screams HODL 24/7. The recent liquidation of large amounts of BTC by historic whales isn't a bullish signal at all and isn't going to draw liquidity to pump BTC price. Quite the opposite. Let's monitor extremely closely what MSTR does with its BTC holdings. MSTR is also a massive but clever Ponzi that relies on BTC going to infinity to operate. If BTC price goes south, things can escalate quickly.

Hey everyone, wanted to throw this out there because today’s tape looks completely different from the mood in the comments. BTC grinding above 91k, ETH holding over 3k, SOL waking back up, even the mid caps are showing steady green across the weekly. Yet the sentiment still feels heavy and hesitant.

I’m not saying full send, but every time the market looks strong while the mood stays skeptical, I treat it as an opportunity. I’ve been taking advantage of the pullbacks and actually borrowing against part of my stack on Nехо to buy more exposure. I try to avoid selling spot when I’m long term bullish, so using credit lines has been my way to lean in without derisking positions I don’t want to touch.

Also, for anyone who uses their card, nехо is running a Christmas promo right now. I’m not big on promos, but if I’m already spending normally, I might as well get the extra perks.
I want to see what the rest of you are doing. Are you accumulating here, waiting for a bigger dip, or trimming into strength? This market feels like it wants to move, but the crowd doesn’t believe it yet.

Would love to hear how you’re positioning yourself in the new year.

$ASST is in levels that the returns are almost secured. BTC will most likely have massive Santa Clause rally during Christmas, so within a month the returns on $ASST should be pretty damn good.

CB is partnering with whales to take BTC

That's not going to happen. The government needs money to be printable to fund everything they do. If the current dollar imploded, they would simply print paper bitcoin or some other new form of FIAT. Also, nobody is going to use bitcoin as their primary currency. It's the hardest currency ever created, so people will always save their hard money, and spend their weak money. Even if fiat goes away, they will use an inflationary crypto in it's place, and BTC will simply be priced in the new unit of exchange.
If somehow, things got so bad that fiat was completely gone forever, people likely wouldn't care about your bitcoin because it would be a full reset scenario where people are trading alcohol and bullets for sheep skin and lumber.

2-4 million BTC is the estimated Bitcoin that fall into one of these categories
1) **Lost Bitcoins** = when owner loses his private keys or backup of keys and wallet and cannot move his UTXO
2) **Unspendable Bitcoins** = coins that cannot be spent like the 50 BTC in genesis block
3) **Burned bitcoins** = Bitcoins that are sent to a Burn address that no one has access to the private keys like
1BitcoinEaterAddressDontSendf59kuE
1CounterpartyXXXXXXXXXXXXXXXUWLpVr

1111111111111111111114oLvT2
1QLbz7JHiBTspS962RLKV8GndWFwi5j6Qr
4) **Destroy Bitcoin** = Using OP_RETURN or not redeeming all the block reward if you are a miner
When any of the above happens it does not harm Bitcoin network at all, and simply acts as a charitable donation to all Bitcoin users making Bitcoin more scarce
Note: very few BTC is lost these days because we have safer backups and bitcoin is far more valuable so people are more careful.

ASST about to break 1.20. BTC keeps riding, this is going to 1.30-1.40 zone

Bitcoin is seeing renewed selling pressure after on-chain data showed over $7.5 billion worth of whale inflows moving into Binance over the last 30 days. These are large BTC deposits from wallets that typically hold long-term and when they start moving coins onto exchanges, it usually means one thing: they want liquidity. What’s catching attention is how closely this looks to March 2025, when a similar wave of whale deposits hit exchanges. Within weeks, BTC dropped from around $102K to $70K as selling pressure picked up. This current inflow trend is almost identical in size and pace. On-chain analysts are pointing out a few red flags: Exchange liquidity is rising, which makes big sell orders easier to execute. Spot trading volume is thinning, so whales have more influence over price swings. Derivative markets are cutting long exposure, showing a shift toward caution. Long-term holder supply is falling, meaning older coins are moving out of storage usually not a bullish sign. The $7.5B figure is now one of the largest 30-day inflows of the year, and if this pace continues, it could point to a broader risk-off setup. But to be fair, this doesn’t guarantee a crash whales also move funds for hedging, collateral, or arbitrage. For now, the market tone is defensive, with everyone watching whether BTC can hold key support levels. A clean break below recent lows could trigger a deeper correction, while a sudden shift to outflows would suggest accumulation instead of distribution.

The same way a pace maker (BTC) keeps the heart (crypto) alive

Yes, I do use Strike!
Once you have Bitcoin, you can pretty much sell it anywhere, and it's easy to do so.
Most of the time this will involve transferring it to an exchange (such as Strike), but you could also sell it P2P on HodlHodl.
In the future this probably won't even be necessary, as you'll be able to use the BTC for stuff directly.

Welcome! The pros can’t even time the bottom, so the best strategy is Dollar Cost Averaging (DCA)—investing small amounts regularly. You need a reliable platform to execute this low-stress plan. I recommend BYDFi; they back their platform with an 800 BTC Protection Fund for peace of mind. You can get straight to buying because they support NOKYC access.

Do you trade BTC short? Which platform? You're in Australia, aren't you? I wasn't able to find anywhere to short it. Congrats on the result

so you sell your BTC to buy more BTC

Welcome to the space! The best tip is to prioritize security and keep it simple by just buying small amounts of BTC (DCA). You need a platform you can actually trust. I recommend BYDFi; they back their platform with an 800 BTC Protection Fund, which is massive for peace of mind when you're starting. Plus, you can get straight to trading because they support NOKYC access.They even give new users an 8,100 USDT welcome bonus just for signing up.