I have been in crypto space since 2018. I saw many OGs at that time quit. Never feel disappointed like now. Even in last bear market when btc hits 10k, I'm still opptimistic. I'm still holding but I'm not buying dip. With the same money, I would rather put into AI stock and hold another 3 years. submitted by /u/Yike_Pp [link] [Kommentare]
After enough cycles you lose track of which exchange or lender blew up when, so I went back and put the major custody failures from 2014 to 2023 into one timeline with the actual figures. Running through them: Mt. Gox (2014): around 850,000 BTC gone. It wasn't a dramatic hack, the coins drained out over years behind balances that were simply faked. Anyone with funds on it saw no repayment until 2024. QuadrigaCX (2018): the CEO died and the company claimed he was the only one who could access the cold wallets, so ~CAD 169M was supposedly stuck. Then the auditors looked, and the wallets had been empty for eight months before he died. The Ontario regulator called it a Ponzi. 2022, the whole cascade: Three Arrows Capital (a hedge fund) over-leveraged itself into the ground and defaulted on the lenders that were funding it with customer deposits. Celsius, Voyager, BlockFi, and Genesis went down behind it inside about eight months. The "earn yield on your crypto" products had been lending those deposits into that leverage the entire time. FTX (2022): roughly $8B hole, customer funds routed to Alameda, SBF got 25 years. One detail worth knowing if you had money there: the estate is repaying creditors over 100%, but in dollars valued at the November 2022 petition date, when BTC was around $16k. It later ran past $90k, so the recovery measured in actual coins is far below what people lost. The annoying part is how little it changes from one to the next. The deposits were never just sitting there, you had no way to verify the custody, and when it broke you were an unsecured creditor in a bankruptcy instead of someone who owned coins. We have to talk about the other side too, because "just self-custody" isn't free advice. You need exchanges to actually buy and sell. Lose your seed phrase and there's no support line and no court to recover it. Some people are genuinely better off with a regulated, insured custodian. Full story: https://www.learnbitcoin.com/rabbit-hole/mt-gox-ftx-graveyard Corrections welcome. submitted by /u/LearnBitcoinCom [link] [Kommentare]
The value comes from the manufactured perception of scarcity. You could theoretically trade it directly for goods or services, but nobody ever does. It only ever gets traded for fiat currency. You can really only ever buy them with fiat currency and sell them for fiat currency. Most people don't buy them because they think it's actually useful for anything, they only buy because historically they go up in value and they're pretty sure that'll be true forever. People tell you to buy as much as you can, and never sell because the longer you sit on it, the more it'll be worth someday. The value doesn't come from actually being intrinsically useful or worth anything. They're worth far more than other products of equal or better quality, only because for unknown reasons people have decided that it is. You can make your own at home, but it's very unlikely they'll be worth more than you spent making them. Am I talking about bitcoins or baseball cards? submitted by /u/Asleep_Onion [link] [Kommentare]
It’s been 10+ years and crypto/ btc has not proven it self to be useful other than to buy low and sell it to the next person at a higher price hoping the narrative causes the price to rise. 99.99% of people that buy crypto only buy to ope to sell it to the next person at a higher price that’s all it has become . Stocks , realestate other assets classes actually produce some good or service but crypto does nothing …. Look at ADA and Charles lol , poly-GON 🤣🫵🤡. Hope to buy low sell high and bounce . submitted by /u/ozera202 [link] [Kommentare]
I mean wait this is a genuine DOUBT and I'm not predicting anything (because I don't have that much knowledge/experience). I'm actually thinking about what even makes crypto valuable ? It was supposed to be a currency and act like digital decentralized cash.. but most countries don't treat it as a currency but as an asset. Most people just buy crypto for investing(or gambling). While other asssets like stocks, commodities, bonds have some actual value in them that is visible clearly in real world... what does crypto have ? submitted by /u/-InvictusShadow [link] [Kommentare]
Money Money 💰 Money! Wendy’s is going to $100 submitted by /u/Abject-Ad778 [link] [Kommentare]
I'm not one to post about crypto in general based on the largely bot driven topics/sentiment, I just find the (fairly realistic) topic interesting.. A singular person being worth more than the entire industry is mind blowing.. submitted by /u/Appleface303 [link] [Kommentare]
This is the time to buy, the markets will eventually turn things around. What are you buying to capitalize? submitted by /u/Valuable-Dog490 [link] [Kommentare]
I sold my 2025 BMW 330e with only 5,000 miles for $40,000 and put every dollar into Bitcoin. Now I have no car and no savings, but I’m not worried. Cars keep losing value, while I believe Bitcoin will keep growing long term. Don’t repeat my actions, I am just a stupid gambler submitted by /u/MobApps1 [link] [Kommentare]