What do you guys think about this?

I’ve been reading here for quite some time already. I did my research, and yes, I’m joining you folks!

But I want to keep things as simple as possible, so I’ll just buy every dip and give it at least 5 years before I decide whether to sell some.

I’m definitely not going to sell everything, that’s for sure!

Give me more tips aside from holding your satoshi’s in a cold wallet.

Thank you, folks!

The Dutch moving 27 tonnes of gold from the US to London

Okay, so this might be a slightly embarrassing question, but I’m a woman who has somehow spent the last few nights going down a Bitcoin rabbit hole and I still don’t understand how it actually works 😭
I’ve read articles, watched beginner explanations, and even tried following some of the more technical explanations, but I keep getting to the same point where I understand all the individual words and somehow still don’t understand the actual process.
I understand that there are wallets, private keys, transactions, miners, nodes and the blockchain. What I don’t understand is how those things actually connect.
For example, if I have 0.1 BTC and send 0.05 BTC to someone:
● Where is my Bitcoin actually stored before I send it?
● What exactly happens when I press “send”?
● How does the network know that I’m allowed to spend it?
● Who checks that the transaction is legitimate?
● What actually changes on the blockchain?
● And where does the 0.05 BTC “go” afterwards?
The wallet part especially confuses me. People say your Bitcoin isn’t actually inside your wallet, which makes sense when it’s explained, but then I don’t quite understand what my wallet balance is actually representing.
I know these are probably very basic questions, but I’d rather actually understand the system than pretend I get it because I can repeat the terminology.
If anyone here is good at explaining technical things to someone who isn’t particularly technical, I’d genuinely appreciate it. And if you’re someone who enjoys explaining this stuff and wouldn’t mind answering a few very basic questions privately, I’m completely fine with that too.
Please be gentle with me lol. I promise I’ve tried to do my homework before coming here. 😅

The standard advice stops too early. Write down your seed, store it somewhere safe, done. The step almost nobody does is check that the thing they wrote down actually works.

People find out years later. A missed word, two words swapped, a 6 that was a b. By then there's nothing left to compare against.

Testing costs almost nothing. Use a cheap second hardware wallet or a wiped spare phone. Restore from the written words only, not from anything still sitting on your main device. Then compare the first two or three receive addresses against your real wallet. If they match, the backup is proven. Wipe the test device and you're done.

If your wallet shows a master key fingerprint, usually labelled XFP and shown as 8 characters like A1B2C3D4, that's a faster check. Same seed and passphrase always produce the same fingerprint. One wrong word produces a completely different one. It comes from a public key, so it isn't secret and you can write it next to your backup.

The passphrase deserves its own warning. A wrong passphrase doesn't throw an error. It quietly builds a new empty wallet, so "my coins are gone" and "I typed one character wrong" look identical on screen. If your passphrase only lives in your head, your seed backup on its own recovers nothing. Back it up separately, in a different place to the seed.

Do the test once at setup, and again any time you rewrite or move the backup. Twenty minutes, and it's the only part of self custody you can prove works before you need it.

pls mods. ive only spoken highly of you

What would be the process to sell it all? obviously you cant just chuck it onto a few exchanges

https://mempool.space/tx/a6d697a25266ce3c78774fd1d75f896b7af522ada209b0f6228ea497bc49a46d 😂

I swear to dca btc with $50 every monday and more as my pay increases but never gonna stop its the only way, i cant believe ive been in crypto since 2017 and i have nothing to show for it, done it all trading, memecoins, “utility” coins i watched tens of thousands evaporate so many times, im done with ignoring the only true store of value btc is the only thing thats real.

I've been HODLing since 2013. I've sold probably two thirds of my original stack over time. I have been through multiple cycles and halvings and read more books on the subject that I care to remember. I have traded successfully only once and that was by accident. I have no idea where BTC is going and I am exhausted. I am close to cashing out. I'm close to retiring (pension age) and I don't need the volatility. What would you do?

EDIT: specifically, the things that trouble me are: 1. The hassle of getting the cash from an exchange into a UK bank account without friction. 2. The CGT liability - last sale was ~0.33BTC in Dec 2024 and the tax liability was something like £10k. 3. The blind evangelical ramblings in Reddit from people that have been in the market for like 5 minutes.

EDIT #2: Thank you to those that offered advice. It has given me food for thought. I think the answer is probably to log out of Reddit ;-)

I remember hearing about Bitcoin years ago and thinking it was a scam. Just internet money with no real future.

I ignored it, watched it grow, and kept telling myself there was still plenty of time.

Now I’m looking at Bitcoin completely differently.

Funny how something you once dismissed can eventually make you wish you had paid attention.

I swapped BTC to cosmos and I haven’t received my cosmos ever since then

Guys, the cold wallet hack really shook me. I have a Trezor, and yes, I created a passphrase wallet within it. However, with AI development and more sophisticated hacking, part of me thinks leaving it on an exchange like Kraken, given they're a company that can be bailed out somehow, could perhaps be safer.

What I'm thinking is this. I had an exchange go down and I got paid back eventually. I had a cold wallet scammed (my mistake, but still). A cold wallet holder will never see their money back, I presume.

What are your thoughts?

Can one do a poll here or is it disabled?

Hello All,

I have been DCA-ing around 60-ish bucks every month on the main chain [I have my own private address] and I recently learnt that having so many transactions can lead to UTXO fragmentation which can lead to higher fees in the future.

Apparently, one of the solutions could be to DCA onto the lightning network and then later swap it with the main chain periodically. Do you think its a good idea? or is there a catch that I am not aware of?

I plan to hold to hold it long term. Thanks!

Has anyone attempted to open a business that mines BTC through a hosting service? (Abundant mines, compassmining, etc).

If so, how has the experience been? Positives? Negatives?

Brainingstorming ways to get into the mining space, but residential mining is just too expensive.

We are all satoshi

Every base on this chart followed the same shape, long slow accumulation, then a fast release once it actually goes. The 2020 base took months of sideways grinding before the real move started. Same with the base before that. The pattern's been consistent every single time.

Thats backwards from how people usually watch this. The instinct is to focus on the fast part, thats where price screams and everyone notices. But the fast part is just the release. The base is where the actual decision gets made, slowly, while its boring enough that most people stop paying attention and assume nothings happening.

Current structure looks like its sitting in that same stage again, the slow grinding part before any acceleration, not after it. Doesnt come with a countdown, bases never do. But long slow base into fast move has held every single time on this chart so far, and right now still reads like the boring part, not the loud part.

Bitcoin has spent 17 years surviving one of the most adversarial environments in software.

But Bitcoin Core isn’t where most users interact with Bitcoin.

They interact through wallets, hardware devices, Lightning implementations, libraries, exchanges, signing infrastructure and other software built around it.

Over the past few months, I’ve been researching the security of projects across this ecosystem, and the uncomfortable part isn’t that vulnerabilities exist.
It’s how little continuous adversarial security research some important projects actually receive.

An audit is a snapshot. Open source doesn’t mean someone capable has actually reviewed the code. A large number of users doesn’t mean the project has been continuously attacked by security researchers.
And then there’s the incentive problem.

If reporting a vulnerability responsibly means hunting down a contact, waiting weeks for a response, receiving no bounty or recognition, and sometimes being treated as an inconvenience, eventually good researchers spend their time somewhere else.

Blackhats don’t need a disclosure policy.
That leaves us with a strange situation:
Bitcoin teaches us “don’t trust, verify,” while much of the software surrounding Bitcoin is trusted far more than it is independently verified.

I ended up writing a fairly detailed piece about what I’ve seen and why I think this is becoming a real problem.

I’m not linking it here because I’d rather this not turn into self-promotion.

But I’d genuinely like to know whether people working deeper in Bitcoin have noticed the same thing.

Gold just did something it hasnt done in this size before. Every prior leg up in gold has eventually bled capital into Bitcoin on a lag, not immediately, but reliably.

Look at the marked bottoms on both charts, theyre not lined up by date, theyre lined up by structure. Rounded accumulation, a spring, then the same reversal candle right at the low. Happens on gold first, then BTC does what BTC does, and rips, when the majority think its dead.

What makes this one different is scale. This isnt a normal gold rally, this is the biggest rotation into gold on record, meaning theres more profit sitting there right now than any prior cycle, waiting to get bored or scared or greedy enough to look for the next asymmetric trade. BTC is sitting at the most oversold structural point of its own pattern at the exact moment that pile of capital exists.

Nobody knows the timing. I dont either. But if you zoom out on every rotation golds ever had, the setup on Bitcoin in all cases so far saw more upside in % gains than it currently big brother to the left.

I built a career reading how to profit from patterns like these before they play out live, doesnt mean it guaranteed by any means, but this is one of the cleanest versions Ive seen.