$ (BTC) The Bitcoin Thread - NO SHITCOINERS ALLOWED

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>shorting Bitcoin in the face melting phase

Have fun with that.

thog said:
From what information I've been gathering, wallets seem a lot easier than I thought, and that was the main thing scaring me away from Bitcoin.
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It can get a lot more complicated when you start messing with alts and decentralized exchanges. Bitcoin is relatively simple and more analogous to an actual wallet.
 
Satoshi-Era Whale Sold $9.5B Bitcoins for Crazy Profits
After 14 years with no movement, a Satoshi-era Bitcoin wallet awoke this week. The wallet, whose owner is unknown, moved two batches of 40,000 BTC each—valued at over $9.5 billion at Bitcoin’s current price.

One of these batches went to a wallet associated with institutional crypto firm Galaxy Digital, suggesting the tokens could already be sold or may be sold in the near future. Prior to this transfer, the wallet in question had never moved cryptocurrency after receiving the BTC all the way back in 2011, not long after Bitcoin’s creation.

Whatever the reason for the movement, one thing is clear: the owner of these tokens stands to make an insane profit. A $9.5 billion Bitcoin sale would rank this individual among the world’s 350 richest people—and that’s assuming they didn’t have $BTC in other wallets that may already have been sold for massive gains.

It also makes clear the incredible potential that comes with getting into cryptocurrencies early. 80,000 BTC was worth less than $70,000 at the time the wallet acquired these tokens in 2011, so a profit realized today would represent a gain of roughly 15 million percent.
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Slurped some BTC and a few choice shitcoins from limit orders.

Most exchange make it a lot harder to set spot limit orders than it needs to be, should be three steps:
1) Click on chart to set price (if below mark, set to buy order, above is sell)
2) Enter quantity
3) Press buy/sell button
 
AnneRipper1010 said:
Why is bit coin dropping so low
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Have a look at dxy coin. The shutdown bares the treasury from emitting bonds and notes; no snap, EBT, fed wage liquidity hitting the market, a few trillion in monthly expected liquidity and monetary inflation didn't materialize. Less dollars in the system, dollar worth more, leveraged uncovered position getting liquidated. Sailor(s investors) is about to get fucked raw. Set a limit order around 15k if the shut down goes on for another week and you feel like gambling, or better just abandon this scam. This was craptos V of V, and contrary to shiny rocks 10 year deflation when Black Cock entered its market, buttcorns don't have a use case. It won't return, neither will any other crapto; the trilemma is physically unsolvable. SQL and cloud data management systems are better than any distributed crapto based dms.
 
Wonder if there is a buying opportunity here. It may dip under 100k again, Bitcoin. Just sort of musing over it. Been in crypto since 2013, so ain't my first rodeo here.
 
If you have an old Ledger Nano S you should check it's screen brightness. They're going dim. It looks blank unless you read it in dark light or use a camera with high exposure. They sell replacement screens on AliExpress, but you gotta open your ledger first to check if it's a 12pin or 15pin screen.

Ledger dropped the prices on the Nano S Plus, undercutting Trezor by a significant margin. Purge all micro USB devices.
 
Old Trezors still hold up pretty well. My model 3 is still kicking. What I think is important is to get one with an LCD screen. Self-custody is king, and hardware wallets make me feel more secure about my crypto. However, don’t overpay for those with fancy screens or wireless connectivity. As someone who treats crypto as my savings account, I only really touch my Trezor once every 3-4 months. All the time, it’s locked in the attic, collecting dust because the receive addresses are stored in the Trezor app. Another benefit is that Trezor and I think Ledger also work as pseudo-YubiKeys, so be sure to set them up as your exchange 2FA, as SIM-swapping and email recovery is the easiest way to loose your funds.
 
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