Let's say a company hires a CEO (or anyone with access to the bitcoins) and they decide to transfer the bitcoins to their wallet and escape to a foreign hostile country. It's practically difficult to do these large tranfers with cash and gold due to regulations and/or restrictions but bitcoin doesn't have these kind of limitations.

Hey Everyone.

I've recently gotten into Bitcoin and have bought the Ledger Nano S Plus. Of course, after I buy it, I see all the controversy regarding Ledgers Recovery system.

Obviously Ledger could have some code in firmware that would allow them to gain my seedphrase, but if I connect my Ledger to the internet via. Sparrow instead of Ledger Live, wouldn't it be impossible for Ledger (company) to communicate with the Ledger (device)?

Of course, Ledger could have some code in the firmware that says "when connected to the internet send seedphrase back to us", but I think that's a big stretch and way too conspiratorial. Technically, every hardware wallet could have that...

My other question is, since Ledger Live is open source, can't people just check and make sure that Ledger doesn't extract the seedphrase?

Appreciate the help, and sorry if these questions are stupid!

Someone else was talking about how they are going to sell $55k in stock options. What's my best move? I have a lawn mower worth $5k that I don't need for 5 months till spring. I'll sell that and then finance a new one if needed (which is easy to do through John Deere). Is anyone else looking at their various assets with a starving eye?

https://bitcoin.gob.sv/

El Salvador’s official website to track their Bitcoin.

Hello! Please advise a wallet and crypto exchange where I can store and sell Bitcoin Lightning.

I need to accept a transfer in Bitcoin Lightning. I don’t need it, I want to exchange it for another coin. I need to accept it somewhere (to a wallet) and then sell it (on an exchange)

Hey everyone!

I wanted to share something I’ve been experimenting with recently—using a Bitcoin wallet to set up a kind of “family and friends insurance” pool. Essentially, we’re using a pooled savings model to insure our collective risks, but with a twist: the whole thing is managed using Bitcoin.

Here’s the idea: my close family and friends have all chipped in a bit of money, which we keep in a Bitcoin wallet. This pool is specifically for certain risks—like covering repairs or replacements for our tech (phones, laptops, etc.), medical emergencies, or unexpected financial hits. It’s not a traditional insurance policy, but we all agree on what kinds of things we’re willing to pool resources for.

The main advantage here? Flexibility, transparency, and no middlemen. We don’t need to deal with insurance companies or complex claims processes. If someone’s phone breaks, we simply pull from the pool to help cover the cost of repairs or replacement. Plus, we’re all contributing to the fund voluntarily and with full visibility of how much money is in the wallet, so it’s a very open process.

We’ve also added some basic rules to ensure everything stays fair: 1. Contribution Agreement: Each person contributes a set amount monthly, depending on their ability and the type of risk we want to cover. 2. Fund Management: The Bitcoin wallet is managed collectively. We all have access to see how the funds are being used, and we vote on any withdrawals. 3. Emergency Funds: We’ve designated a portion of the pool as “emergency savings,” for bigger, unexpected expenses that might arise.

So far, it’s been great because it feels like we’re taking control of our own financial safety net, but with the added benefit of using Bitcoin for its security and portability.

I’d love to hear if anyone else is doing something similar or has any suggestions for improving this idea!

Let me know what you think!

With more and more scams I'm looking to get a cold wallet but I need suggestions...

Do u think this exchange is reliable? Cuz I heard bad thing about them…

Given that banks create deposits (ie money) when someone takes out a loan with them, what is the incentive for a bank to refuse to loan money to anyone?

Take this scenario as an example:

1. Alice goes to the Bank for a loan. Alice wants to start a TV station that shows exclusively experimental art. She wants $10 million.
2. The Bank decides to give the loan to her. They create a $10 million account and give it to her. They record her loan contract at 1%/year interest as the asset that "backs" that money.
3. Alice then goes and starts that TV station. It quickly fails and she's out the entire $10 million and files for bankrupcy. No interest or principle has been paid.
4. What happens to the bank?

In that case, that created money is already out there in the wild, paid to whoever by Alice. The money supply has increased. But as far as I can tell, the bank is just as well off as it was before Alice requested the loan. Even tho no interest was paid, nothing was lost.

The only way I can see that a bank would be worse off for this failing of risk evaluation is if they were required to destroy $10 million of their own money upon the end of that loan contract, regardless of whether it ended because of repayment or because of bankrupcy. In that case, $10 million of their money would be destroyed and they'd be out that much. I have to imagine that's what's going on, and I'm pretty sure that's what happens in the case of repayment, but I haven't thought about what happens in the bankrupcy case.

Bitcoin is in price discovery, and we're only at "Greed." To me, this suggests we have a long way to go before the price tops out this bull run. Traditionally, the top occurs when this chart registers "Extreme Greed." That's usually when the market is fire-hot and Bitcoin/crypto surges in popularity. Retail FOMO has yet to kick in, in my opinion. These gains stem purely from ETF buying by institutional investors. Buckle up, as we have quite a ride ahead! The goal? Accumulate more Satoshis daily. Strategy: buy more when prices drop and celebrate/buy more when prices rise.

Fear & Greed Index: 73/100 @CoinMarkCap

… maybe?!

Every February, my job awards me $55k in stock options, which I always sell off right away to buy Bitcoin! Been doing this for a while now.

This time, though, with the bull market coming up, I don’t really want to wait until feb. I’m thinking about taking out a $55k loan now and paying it off in full once I get my stock options. I don’t see much risk?

The stock options are guaranteed as part of my job. And if, worst case, I lost my job (pretty unlikely), I could sell some Bitcoin to cover the loan. So it feels low-risk, but I wanted to get some feedback—am I overlooking anything? Or could the Bitcoin price in Feb end up close enough to now that this wouldn’t be worth it?

And lastly.., I do want to state that I do consider myself very very lucky and don’t take it for granted that I have this available to me. I don’t want this post to come across like I am showing off. It’s a fortunate thing I receive.

Ive been in BTC since 2017 and have been aggressively stacking since 2019. My average purchase price is around 10k. Ive bought as low at 400$ and as high as 38k with loans. I haven’t sold any. I’ve been through a couple halvings and can tell you that timing the market with BTC is possible with certain indicators.

With the direction BTC is going I see at minimum 200k at cycle top. This is my bearish but practical target. My bullish target being 530,000 by Nov 2025 with my target of re-entry being 50-60k spring of 2027. The goal is to multiply my BTC holdings since my allocation to BTC is 100%. It’s my personal opinion that everyone should be 100% if their goal is low risk high reward.

The market indicators that I’ll be using for timing are RSI above 90, high hashrate with low miner position index (MPI), Bitcoin google trend above 85 (current 34), New bitcoin wallet addresses above 900,000).

When I see these all take place, regardless of price I will exit 75% of my bitcoin position with 25% going towards a trading account, 25% towards a new house, and the reason why I am here is to figure out what to do with the remaining 50%.

The goal with this 50% is to remain very liquid over a 2 year period to buy back into bitcoin when the re-trace of 60-80% takes place. I’d like to make 10% a year on that 50% but that’s wishful thinking as I don’t see the S&P pulling over 5% the next 2 years.

What could some options be? Thanks.

Hey guys, might be a stupid question but I’m trying to get into nicehash mining (again) I found a cheap 1660ti on marketplace and want to toss it into my current rig, (into the secondary gpu slot) Is it possible to keep using my main gpu for games etc while the 1660 mines for bitcoin passively? Not even sure if this is possible. TIA

https://preview.redd.it/nwshq5s5itzd1.jpg?width=800&format=pjpg&auto=webp&s=51bf3da033034bee9f721d17f5bdd5198dbe97bc

source:

https://www.reddit.com/r/DocumentingBTC/comments/1gn3nhr/bitcoin_vs_gold_etf_inflows_by_year

For those who think they are late, the party is just starting at 75k

Any Bitcoin miners here? How do you file your taxes? Anything important to know?

As per subject, the paranoid in me would like suggestions / ideas to store a cold wallet and metal bank. Please, elaborate possibilities, including advices about storing them together, separately, etc. I was thinking about a safe deposit at a bank, but that would require to declare the content, etc. In the end, it is not the volatility that frightens me the most, but the practical choices! 😩

Honestly I thought there’d be more fanfare.

( . ) ( . )

I'm pretty bullish right now, but I am worried about the strong uptick in BTC related news in mainstream media and by the increased number of newcomers in the space. Of course increased interest isn't really a bad thing, but it makes me think we may be closer to the top than anticipated. Afterall, the top usually occurs when there is the most hype. So in particular those of you who have been here during the 2020/2021 bullrun, how does it compare? Is this increased level of interest worrying to you or do we still have some way to go? So far I didn't get any texts from my friends and family about BTC, but my local news (I'm from Austria) reported about BTC, and thats very unusual.

only gonna be using my phone and coinspot to buy, any suggestions or recommendations would be greatly appreciated

https://acrobat.adobe.com/id/urn:aaid:sc:US:d24901e4-af36-4a64-9f31-02f9c54c99f5

Does anyone remember this little website where you could see all the transaction symbolized as little characters kinda in a sims way? They would all wait for a train which leaves every 10mins…

Appeciate if anyone can tell me what it was called.