r/btc

▲ 213 r/btc+2 crossposts

Been DCAing into Bitcoin daily since the December dip how’s everyone else doing?

At first I was planning to wait it out because I kept seeing people saying BTC was going to drop to $50k or even lower. I thought I’d just wait for the big drop and buy then.
But I realised nobody really knows where the bottom is, so instead of trying to time it, I started DCAing daily. I’ve been buying throughout the $60k–$90k range and just sticking to the plan regardless of the price.
Curious what everyone else did during the drop. Did you wait for $50k, lump sum, or just keep DCAing? And are you still buying now?

u/Intelligence_kiwi_ — 5 days ago
▲ 6 r/btc

Why did some of the best stock traders think bitcoin was a scam.

Some of the most highly reparable and skilled stock traders called bitcoin scam for many years. The reason is they were attempting to use the same tools that faithfully serve them for many years trading stocks. They attempted to apply these tools to bitcoin. This was the equivalent of an old school american mechanic using standard wrenches to Work on a new metric engine. After stripping out many parts , they proclaim the engine is garbage. Never comprehending what they are looking at is something new and different. And the tools that they are use to don't work on it. But should they get a set of metric tools. Then things start to make sense to them. And only then they can see the value of the new engine..

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u/oneenigma4u — 10 days ago
▲ 33 r/btc

17 years ago, $1 could buy you 1,309 Bitcoin. 🥹

It sounds almost impossible today, but that was the first known exchange rate between Bitcoin and the US dollar.

At the time, $1 was worth roughly 1,309 BTC.

Bitcoin had barely existed, there was almost no market infrastructure around it, and the idea of a decentralized digital currency was still largely experimental.

There were no ETFs, no institutional custody, no billion-dollar companies holding BTC on their balance sheets, and certainly no global crypto industry.

History really does age differently in crypto...

https://preview.redd.it/pyc28so1ktth1.png?width=1280&format=png&auto=webp&s=a1073b5fa3e18dc43832796afe719fdce5b5254d

reddit.com
u/everstake — 9 days ago
▲ 111 r/btc+1 crossposts

What will happen to bitcoin if…

I don’t want to make this political but it’s too important of a question.

Hundreds of top Generals and Admirals have been purged.

Thousands of additional National troops have been added to serve in DC and in July The National Guard Bureau, the District of Columbia National Guard and the U.S. General Services Administration have awarded apartment-hotel rental company Placemakr $292 million to provide up to 2,000 “apartment-style lodging units” for troops assigned to the Joint Task Force-District of Columbia mission, the Guard announced.

I clearly see what’s coming going into the midterms and it’s extremely clear to me what’s about to happen.

My question is if, and IMO when, the U.S. goes through a coup what‘s Bitcoin’s reaction both short term and long term?

(FYI the “ballroom” will not be ready until September 2928.)

u/IShootWide — 9 days ago
▲ 3 r/btc

Gg triple top , bear is cumming for you all 39k by next month , don’t say mama didn’t warn ya

u/L6V9 — 8 days ago
▲ 97 r/btc

Bitcoin was supposed to bottom out today according to the 4chan theory. That did not happen.

I wonder why.

u/birth_of_bitcoin — 11 days ago
▲ 14 r/btc+1 crossposts

DCA'ing $25 into BTC every day for 60 days: Day 41

Current performance: +6.55%

Since late August I've been buying $25 of BTC every day. My first buy was around $78K (check this against your day-1 fill), my average entry is now about $80.7K, and BTC is trading around $86K.

I don't know how to pick bottoms and tops, so I DCA. The amount is small, but making a profit beats doing nothing, right? Small gains, no greed. That's the mindset that keeps you alive in this market long term.

Anyone else running a DCA plan right now?

u/ruby-cos — 9 days ago
▲ 9 r/btc

bch

i’m in bitcoin since 2020 and now i’m opening my eyes about bitcoin core and blockstream…
so i would like know your opinions about bitcoin cash, about the price and the blockchain too

reddit.com
u/Friendly-Swimmer5910 — 10 days ago
▲ 3 r/btc

The workaround at beats transaction per second.

Someone said to me in a text. That transactions per second has killed bitcoin and will keep it from becoming actually useful. I am pretty sure this person must be younger. It seems younger people do not know what was done in the past. Tools and skills that have been lost to them. I would bet many of them have no idea that people used to have two bank accounts. A savings account and a checking account. The savings account is where people would put their money. So it would gain interest. The checking account was for when they were ready to spend the money.They would transfer it from their savings into their checking. Younger people , today , all they've ever known was a debit card that they simply used. They never had to transfer funds in order to get access to their money. Well this particular method is being reintroduced. Buy crypto exchanges and brokerage houses. You transfer your bitcoin from your cold wallet to your brokerage house or exchange account. And then you simply use the debit card issued from that brokerage exchange or crypto exchange. You keep your bitcoin in your cold wallet where it grows. Transfer out only when you wanna buy something. Or transfer out what you think you need to spend for the year and simply use your debit card from the exchanges. Transaction per second crisis averted nullified.

reddit.com
u/oneenigma4u — 9 days ago
▲ 4 r/btc

95% of all Bitcoin is already mined!

The last 5% will take another 114 years. Set a reminder for 2140.

So Bitcoin passed its 20 millionth coin this year. The cap is 21 million, which leaves roughly 1 million BTC still to be mined. Sounds like the finish line is close, right? Not really. The halving cuts the block reward in half about every four years, so the first 20 million took around 17 years, and the last million will drag on until roughly 2140. Your great-great-grandkids might get to see the final block. Maybe.

And out of those 20 million coins, the amount you can actually go and buy is tiny. Glassnode data suggests about 13 million BTC are basically parked forever with long-term holders, institutions and cold wallets that never move. Exchanges hold only around 3 million. And roughly 1.8 million BTC, about 8.5% of everything, is probably just gone. Forgotten passwords, wiped laptops, a hard drive someone tossed in 2011 because "it's just some internet money worth 50 cents". Pour one out for those coins.

That's why ETF and institutional buying can move the price so much. Everyone's fighting over a much smaller pile than the 20 million headline makes it sound.

The price side is where people start yelling at each other. History looks great for the bulls: about 80x after the 2012 halving, around 300% after 2016, and more than 600% in the 16 months after 2020, according to data cited by CME Group. The skeptics aren't convinced though. FT columnist Jemima Kelly argues Bitcoin isn't really scarce since thousands of other tokens exist. The usual reply is that nobody can change Bitcoin's 21 million limit, which is kind of the whole point.

We honestly think price is the least interesting thing about this milestone. Scarcity is done, that box was ticked years ago. The thing nobody has fully figured out yet is who pays for Bitcoin's security once new coins stop doing the heavy lifting. Bitcoin is exactly as safe as the money miners make, because that's what an attacker would need to outspend. Right now most of that money still comes from fresh coins, and that part gets cut in half every four years, on schedule, no exceptions. So sometime in the next decade, transaction fees have to step up and become a real chunk of miner income, or Bitcoin's security slowly gets cheaper compared to everything it protects.

Guys, what do you think about this?

reddit.com
u/everstake — 10 days ago
▲ 1 r/btc+2 crossposts

U.S. Economy Keeps Growing.

The ISM Services PMI came in at 54.9 for September, just below the 55.0 forecast. In August, it was 55.4.
🔴 So yeah, the number was slightly weaker than expected, but the bigger picture still looks solid. The index has stayed above 50 for 27 straight months, which means the U.S. services sector is still growing.
🔴 Market reaction: the S&P 500 got a small boost after the data came out, while the 10-year Treasury yield moved slightly lower. BTC is still pretty much flat for now.

reddit.com
u/AmanCMN — 10 days ago
▲ 30 r/btc+1 crossposts

Time Scale of US Fiat Debt

The Human Brain Isn’t Built for Trillions. Let’s Translate Money into Time.

If $1 equals 1 second:

1 million seconds: 11.5 days (less than a two-week vacation)

1 billion seconds: 31.7 years (a full working career)

1 trillion seconds: 31,688 years (predates all of recorded human history)

Now look at U.S. fiat debt:

$1.3 trillion (Annual interest payment alone): ~41,200 years

To count just one year of interest on the national debt at $1 per second, the clock would have had to start around 39,000 BC….when Neanderthals still walked the Earth.

$40 trillion (Total national debt): 1,267,524 years

Counting our national debt in seconds reaches back over 1.2 million years… long before Homo sapiens existed.

Now Look at Bitcoin:

21 million BTC (The absolute hard cap): 243 days (~8 months)
Every Bitcoin that will ever be mined, held, or traded fits inside under eight months of seconds.

reddit.com
u/pineal-activated — 10 days ago
▲ 18 r/btc+2 crossposts

Bitcoin Cash (BCH) is getting TWO fully decentralized minable CashTokens (and associated energy price oracles), Photons & SAFAs.

Hey All,

As previously hinted in December '25, Bitcoin Cash is getting, not one, but TWO minable CashTokens this August.

The first is a solar punk memecoin called Photons (PHOTON) for CPUs/GPUs/FPGAs. The second will be a self-referential backronym called SAFAs (SAFAs Are For ASICS), which will use an 80-byte CashToken NFT baton styled after a block header.

Both of these PoW tokens will finance the maintenance of a decentralized energy price oracle. Both vault contracts will act as faucets providing "free" token gas sats to miners. The sats will be provided by users of the oracles.

The first token Alpha was launched on August 1st on Chipnet here. Photons will launch on mainnet in the vox dot cash app in the coming days.

As soon as sufficient mining software exists to assure many people can participate in the initial mining. There will be a current block header included in the transaction funding the token vault to assure there was no premine. (Regardless of how much effort is taken to assure a fair initial launch, it will be free for detractors to claim the project was a premine in perpetuity)

Each token is targeting a commodity-type classification.

Each will feature:

  • 21M supply, w/100% supply sent to oracle vault
  • 210000 block emission half-life
  • Simple incremental MA DAA
  • No keyed or dev controlled spending path

Eacxh transaction successfully mining tokens will likely appear at the top of blocks, because the vault contract requires miners grind for a low transaction hash. And a feature of Bitcoin Cash called canonical transaction ordering (CTOR) means transactions are sorted in blocks by their hash values from low to high.

The original name for the tokens (Block Tops) was too similar to Block Points, a coinday reward token.

Meet the new ENERGY oracles

Each token create a price oracle that no one party controls. Anyone with electricity and an internet connection can update the oracle for tokens, and therefore we can use it as a reliable indication of price for electricity globally.

Yes, we have price oracles already, but those oracles are tied to fiat decrees and have end dates of when the maintainers expect to maintain them until. The forthcoming oracles don't have specified end dates and are untethered from legacy systems.

The price can be read by any contract by reading the baton and converting the current raw target to raw difficulty (i.e. price) with OP_INVERT.

To use the oracle baton from the vault will cost 8000 sats, but it should be feasible to replicate the price to cheaper multi-threaded reseller oracles.

The price for each oracle will be in the same spot on the oracle NFT for each contract if contract designers want to swap between or combine prices.

What's now possible

  • These tokens will join a growing basket of commodity class assets on Bitcoin Cash
  • Dexes, compound oracles and DAOs can obtain spot price data in perpetuity.
  • With CashToken trading limited to BCH Dexes, these assets are somewhat firewalled for now from fractional exchange rehypotheticaion ...
  • Projects are also highly reliable decentralized sat faucets for on-boarding new users.
  • It's a KYC-less means of obtaining sats and tokens.
  • Possible tie in with PoW based anti-DDoS website protection.

More About Photons

Photon (PHOTON) is a solar punk meme token powering a decentralized energy oracle on Bitcoin Cash (BCH). It is a fairly distributed minable CashToken calculating its own transaction hash in BitcoinScript.

Anyone can monetize their excess electricity by hashing for photons. Photons are released from the vault when someone finds the hash of the transaction is below a certain difficulty threshold. Each release of tokens must also update the hashing difficulty threshold. The difficulty may become correlated with the availability of excess free energy being absorbed by individuals globally.

Begin mining without sats

The Photon Vault keeps a cash balance to facilitate payments to miners. Each payout has an allowance of 1500 sats, for the dust accompanying a miner's payout and the network fees for the transaction itself.

What is the PoW?

The PoW algorithm for Photons is Hash256(Secp256k1(Sha256)). Specifically, each transaction taking photons from the vault must return the mutable NFT baton with the following data updated:

Data Size
nonce 4-bytes
next target 32-bytes (Little Endian)
Schnorr signature of sha256(nonce + next target) 64-bytes

When included in a transaction, satisfying a number of other requirements, if the double sha256 hash of the resulting transaction is less than the next target, the unlocking script for the photon vault can release a reward.

A decentralized energy oracle

Each miner taking tokens from the vault must update a dynamically changing difficulty value. The current difficulty, combined with the free market price of photons, creates a decentralized price oracle all miners contribute toward maintaining.

If someone has already found a payout in this block, the difficulty gets one percent harder. If people stop taking tokens, the difficulty get easier each block.

The vault contract also allows anyone to use the price baton for a fee (8000 sats). The price is intended to discourage resetting the oracle baton.

A simple Difficulty Adjustment Algorithm (DAA)

The target frequency for the price oracle is one update per block.

The price oracle can be updated multiple times per block, but this makes mining 0.7% harder. If no reward is found in a block it gets 0.7% easier with each block. Mining becomes roughly 100% easier per day the oracle is not updated.

The equation is a function of the baton transaction age (in block) and the previous difficulty target.

NextTarget = ( PrevTarget * (143 + age) ) / 144

The NextTarget MUST match the exact value given by the DAA, it may not be arbitrarily lowered by any miner.

Thanks

bitcoincashautist's research provided valuable guidance on this idea & Adaptive Blocksize Limit .

See Also

u/2q_x — 12 days ago
▲ 10 r/btc+1 crossposts

so leverage is boomer-approved now?

SEC just approved the first 3x leveraged bitcoin and ether ETPs

we spent years getting told leverage is gambling and crypto is a casino. now you can do 3x btc in your brokerage account like it's an index fund lol

btc's been stuck around 86-87k too, so honestly kinda curious who's buying 3x into this chop

the funny part is the ETF can't get liquidated like a perp. but decay on these things is real, sideways for a few weeks and you're down even if price ends up where it started

anyone actually planning to touch these or still sticking to spot?

u/ChangeNOW_Community — 10 days ago