/r/Bitcoin

Photograph via snooOG

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.

If you are new to Bitcoin, check out We Use Coins and Bitcoin.org. You can also explore the Bitcoin Wiki:

Community guidelines

  • Do not use URL shortening services: always submit the real link.
  • Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy.
  • News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news.
  • Submissions that are mostly about some other cryptocurrency belong elsewhere. This subreddit is exclusive to Bitcoin.
  • Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted.
  • No referral links in submissions.
  • No compilations of free Bitcoin sites.
  • Trades should usually not be advertised here. For example, submissions like "Buying 0.2 BTC" or "Selling my computer for bitcoins" do not belong here. /r/Bitcoin is primarily for news and discussion.
  • Please avoid repetition — /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system.
  • Do not post your Bitcoin address unless someone explicitly asks you to.
  • Be aware that X, YouTube, Facebook, Instagram, etc. are full of impersonation.
  • Do not post about altcoins and do not post off-topic political spam.

Related communities

Sorted roughly by decreasing popularity.

Non-Bitcoin communities

Join us on IRC

web.libera.chat #bitcoin

Other Bitcoin sites

Bitcoin Forum
Bitcoin Stack Exchange
Bitcoin Magazine

Download Bitcoin Core

Bitcoin Core is the backbone of the Bitcoin network. Almost all Bitcoin wallets rely on Bitcoin Core in one way or another. If you have a fairly powerful computer that is almost always online, you can help the network by running Bitcoin Core. You can also use Bitcoin Core as a very secure Bitcoin wallet.

Style sheet credits

The CSS used by this subreddit is the Erdune Theme modified by /u/Annihilia. Logo design by /u/Annihilia.

/r/Bitcoin

7,670,256 Subscribers

1

12 vs 24 word seed + passphrase: which is better?

For those of you who use passphrases, are you using them with a 12 or 24 word seed? And on average, how many words are you using for the passphrase?

When comparing the examples below, is one more secure than the other?

  • 12 word seed + 14 word passphrase = 26 words with 129 total characters

Or

  • 24 word seed plus 2 word passphrase = 26 words with 129 total characters
0 Comments
2025/02/02
15:09 UTC

32

Everyone wants to buy the dip… until the dip actually comes.

At $69K: ‘If it drops to $40K, I’m going all in.’

At $40K: ‘If it dips to $30K, I’m loading up.’

At $30K: ‘Might wait for $20K first.’

At $20K: ‘Let’s see if we hit $12K.’

At $12K: ‘Crypto is dead.’

At $100K: ‘Man, I should’ve bought at $30K.

8 Comments
2025/02/03
02:51 UTC

48

Why is everyone dumping over tariffs? Lmao

I’m not complaining. Everything’s on sale in my eyes. What I don’t get is what tarrifs have to do with making money in the crypto market? Everyone had been through ups and downs before. What makes ppl panic sell? It seems crazy.

Like theres no way everyone thinks they need all their invested money back because tariffs are going to make us all broke. It just makes no sense to me.

If anything you should be buying more crypto knowing that fiat currency is getting weaker. Are people genuinely this stupid? Like everyone is going to dump and by next week or shortly after, everything will be up again. It’s fucking absurd lmao.

Right now is literally the time to stock pile crypto and make an insane amount of money in the near future. U don’t get a chance like this often.

138 Comments
2025/02/03
02:25 UTC

0

Nobel Laureate Eugene Fama Predicts Bitcoin Will Become Worthless

9 Comments
2025/02/03
02:13 UTC

33

Anyone stacking up now at dips?

It seems the price drop presents a great chance to buy on the dips. Is anyone taking advantage and stocking up?

50 Comments
2025/02/03
02:11 UTC

11

195 countries BTC dumps because of 🇺🇸

With 195 countries in the world, Bitcoin crashes because of US tariffs—I’m curious, where are the members here from?

Drop your country in the comments below about why tariffs should or shouldn’t affect BTC! 🌍👇

31 Comments
2025/02/03
02:08 UTC

171

You guys have no idea what's coming...

134 Comments
2025/02/03
01:53 UTC

296

Buy the dip

20 Comments
2025/02/03
01:50 UTC

26

Silver linings

1 Comment
2025/02/03
01:50 UTC

60

My Turn! Wheeeeee

4 Comments
2025/02/03
01:50 UTC

28

How about another joke "Hodler"?

1 Comment
2025/02/03
01:49 UTC

4

Own a coin vs ETF

As we are kind of entering a period where the dollar's value may be dropping rapidly soon. Does owning an etf that is tied to the value of bitcoin present any translational issues.

For example, buy 1 btc worth of value at 100k and btc goes up to 150k and cash out at 150k in usd. Was any value lost there?

At face value it seems like it's a 1 for 1 transaction, but curious if I'm missing something.

3 Comments
2025/02/03
01:33 UTC

0

Dips be gifts

3 Comments
2025/02/03
01:27 UTC

364

Buying $1000 worth of BTC for every $1000 it goes down in USD.

That's all, I started today. Let it rip, I've kept powder on the side for just this case.

69 Comments
2025/02/03
01:24 UTC

0

Bitcoin Transaction Complete but not showing up in Wallet

So I completed a transaction in Bitcoin (btw) from a bet site and it hasn't shown in my mycelium wallet yet. My mycelium wallet still thinks that address is available to receive but it’s already been used and I’ve seen the hash on the blockchain. This transaction even shows 200+ confirmations on blockexplorer. Will this ever show up in my wallet?? Or am i doomed.

I’ve since stopped using mycelium, as I feel like this would not have happened on another wallet. Thoughts on if i can get the funds.

4 Comments
2025/02/03
01:07 UTC

0

Too late?

Too late to get on the train?

13 Comments
2025/02/03
00:41 UTC

0

In the future Bitcoin will be the only viable means of payment between rival trading blocs. Discuss.

As described in the title.

2 Comments
2025/02/03
00:33 UTC

0

Has Anyone Had Issues with Weex? Account Frozen, Unwarranted KYC Requests, and No Resolution

I’ve been using Weex for trading, and recently I’ve encountered some serious issues that have made me question the platform’s legitimacy.

I initially deposited $35, traded futures, and ended up losing it all. Before I lost the entire balance, I withdrew $40 without any issues, and there were no problems with the cash out. After that, I left $25 on the platform and continued to trade. However, my account was recently frozen after depositing less than $50.

After reaching out to support, they accused me of violating regulations, including receiving trial bonuses for arbitrage, using multiple devices for trading, and illegally withdrawing activity rewards. These accusations are completely unfounded. I’ve never done any of that, and I’ve always followed the platform’s rules.

What really frustrates me is that I completed KYC verification less than three months ago, and now they’re asking me to do it again just to “consider unblocking” my account. This seems like a tactic to delay my funds, especially since I’ve already provided all required documents and was able to withdraw without issue before.

I’m starting to lose trust in Weex, and I’m considering sharing my experience publicly. Has anyone else faced similar issues with Weex? Is it normal for them to ask for KYC again so soon after verification? Is this legit practice, or is something fishy going on here?

I’d really appreciate any advice or to hear other people’s experiences with this platform.

2 Comments
2025/02/03
00:31 UTC

0

Binance vs Kraken

Which is better for trading and holding btc and why? I remember Binance had legal issues in the past, but really having hard time comparing the two

4 Comments
2025/02/03
00:01 UTC

0

Bitcoin valuation

I’m newer to crypto. I’ve been going back and forth on whether or not to believe Bitcoin has near infinite upside (several million a coin) or whether it will have a dark future. Saylor and Raoul Pal and many other Bitcoin maxis had moved me to the point of buying $4k worth and then planning $1k a week for a year, possibly further at weekly intervals.

I have come to a huge issue though with basic math. The argument for this huge valuation is that Bitcoin is rare. Only 21 million max. That is “somewhat” rare, but not extremely rare. There has to be other asset classes with a 21 mil supply that doesn’t put that off as being ectremely rare. Further, is the supply truly only 21 mil? Let’s assume BTC price is $100k for simplicity. Most dont buy a full btc. Let’s say a common purchase is $250. At current mcap rounded up to $2T, that would be 8B units if the whole supply was purchased at this rate. The simple fact that it won’t split like a stock doesn’t mean that the supply is only 20M units. If you can buy a fraction of a unit, then to me, there is more than 20M total out there. Far more

It brings me to this conclusion - if everyone on earth was given an equal amount of btc until it was gone, everyone would get $250 worth roughly. At $1M that equates to $2500 and at $10M (a hundred bagger from now), $25k. With that in mind, it’s so hard for me to see it go higher. Sorry about the TLDR - but how can you argue for btc values continuing to increase given that they provide no underlying tangible benefit and that it is currently valued at about $250 for every single person on the planet? I want to believe and invest heavily, but it seems almost impossible. However, where we’re at now seemed impossible 10 years ago. I may be wrong. I’d like to hear the counter to this. Not trying to start a shoving match here. Just dialogue. Thanks

13 Comments
2025/02/02
23:52 UTC

0

Is fretting over having non-KYC Bitcoin worth it?

Newish to Bitcoin and got started with an initial purchase while setting up a DCA on River. Like most people on here I quickly became obsessed with trying to make my wallets as secure and private as possible. Once I learned that all my BTC was purchased via KYC means I figured I should make it non-KYC, so I investigated CoinJoin options and P2P exchanges. Now I'm wondering if it's worth the headache and I should just keep stacking Sats the KYC way, especially since I'm planning on HODLing. Thoughts?

6 Comments
2025/02/02
23:44 UTC

4

Bitcoin 101 - Timestamps On Blocks

In the Bitcoin network, each block includes a timestamp indicating when the miner believes the block was created. This timestamp is set by the miner's system clock and is included in the block header. However, to maintain consistency and prevent manipulation, the Bitcoin protocol enforces specific rules regarding these timestamps:

  1. Median Past Time (MPT) Rule: A block's timestamp must be greater than the median of the previous 11 blocks' timestamps. This ensures that time in the blockchain moves forward and prevents miners from setting arbitrarily low timestamps.
  2. Future Time Limit: A block's timestamp cannot be more than two hours ahead of the network-adjusted time. The network-adjusted time is calculated as the median of the timestamps reported by all connected nodes, providing a consensus-based current time.

These rules allow for minor discrepancies in individual miners' system clocks but prevent significant deviations that could disrupt the network. As a result, while miners do use their local time to set block timestamps, the protocol's constraints ensure that these times remain within an acceptable range, maintaining the integrity and chronological order of the blockchain.

0 Comments
2025/02/02
23:36 UTC

0

Helping out a newbie

Hey fellas. So a long time friend of mine decided he wants to get into bitcoin and wants me to help him understand or point him in the right direction. Can anyone help me out in explaining it to him aside from just telling him to read the white paper. Thanks in advance

3 Comments
2025/02/02
23:26 UTC

0

Nunchuk integration help please

On my iPhone I have Nunchuk hosting 5 wallets:

- 2 wallets generated by mobile Nunchuk (private keys for signing stored on iPhone - aka hot wallets)

- 3 wallets generated by Coldcard Q (private keys stored air gapped on Coldcard - aka cold wallets)

I am enjoying the Nunchuk app, however, as I learn more and more about UTXO's and general portfolio management, I'd like to use my desktop for more screen real estate. I've verified for authenticity and downloaded the desktop app (windows) to my computer (Surface Pro). However, I am having trouble loading the wallets. I haven't tried loading my cold wallets yet, however, trying to upload the hot wallets, I've already run into problems. My workflow has been the following:

On desktop: add key > add hardware key > continue > add air gapped key > scan QR code

I show my laptop the QR code generated by my phone (view wallet configuration > export wallet configuration > QR code > BC-UR2)

My desktop reads the QR code, then nothing. It says 100% read. Then nothing happens. I cannot click the continue button and there are no other options. I've also tried add add "air gapped key" > "import via file" and none of the file generated by my phone in Nunchuk are read (BSMS, Coldcard, Portal).

Looking for help. I understand the desktop app just needs the xpub file, but I'm having trouble connecting all these dots. Any help is appreciated.

Happy stacking

2 Comments
2025/02/02
23:14 UTC

8

Every time I check my app

0 Comments
2025/02/02
23:12 UTC

137

What people think with a correction

2 Comments
2025/02/02
22:55 UTC

244

Please mods, be kind.

4 Comments
2025/02/02
22:01 UTC

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