Prove me wrong?

Don’t forget to VOO and chill guys. You will have a lot less stress while taking in easy cash.

Had ceviche and noticed they take bitcoin!

Haters gonna say it's AI

Had a thought yesterday and went down a research rabbit hole:

What if online gambling is eating into crypto’s retail demand?

A lot of people who got into crypto around 2020–2021 weren’t there because they were passionate about decentralized databases. They wanted to turn $500 into enough money to tell their boss to fuck off.

Crypto was where that dream lived.

But crypto doesn’t have a monopoly on selling that dream. Online casinos, sports betting and prediction markets compete for the same paycheck, the same attention, and the same “I can beat the odds” mentality.

So I went looking and found these:

Gambling on Crypto Tokens? — Journal of Financial and Quantitative Analysis

Gambling on Bitcoin options?

The first finds that retail attention to crypto decreases after sports betting is legalized. The second finds a similar substitution effect for attention to Bitcoin options in states with a higher propensity to gamble.

These measure attention, not a dollar-for-dollar migration. But the connection is there.

My theory is that as the conventional route to financial security feels further out of reach, some people become more willing to gamble on a shortcut. If saving for a house feels hopeless, a tiny chance of winning big starts looking more attractive than years of slowly getting nowhere.

And there’s a product for every version of that mindset. Slots for instant action. Sports betting for “I know this league.” Poker for “I’m smarter than these idiots.” Prediction markets for “I understand what’s happening.”

Same ambition. Different explanations for why this time you have an edge.

The important part: they don’t even have to sell their Bitcoin.

They can keep holding while the next $200 that would have gone into crypto goes into a betting account instead.

Still a holder. No longer a buyer.

And this isn’t just about memecoins. If part of Bitcoin’s retail demand comes from people hoping to dramatically improve their financial situation, it competes for that money too.

Obviously this doesn’t explain every crypto move. Institutional demand, rates and leverage still matter. But “retail will come back next cycle” assumes crypto remains their preferred place to take that gamble.

What if some of them have found a different casino?

TL;DR: Everyone keeps asking when retail is coming back to crypto. What if retail is busy losing the next bull run’s deposits on a six-leg parlay?

Reposting here since it was taking down within an hour from wallstreetbets with 0 explanation.

Bitcoin’s Testnet5 mined 36 blocks in just over 15 minutes. Nobody could spend a single coin yet. The electric meter kept running.

Why pay real money to mine play money?

Imagine your mining pool rounds your payout down. The block can still pass every Bitcoin check. Your node knows how much the pool was allowed to claim. It has no idea what the pool promised you.

If I ran that pool, I’d happily pay for an afternoon of electricity to catch the bug before a miner called on payday.

Meet the volunteers footing that bill and testing four proposed Bitcoin fixes.

But after many years im finally more excited for these dips than the pumps 😂 gang gang

The two thresholds that you need to keep in mind here…

One - btc will never dip below $50k ever again

Two - btc will hit at least $180k in 2029

The rest is short term noise. Keep those two numbers in mind and you’ll be fine. Stack accordingly

Bitcoin is dead… again.

But instead of playing into the fear and telling you the world is ending for that sweet, sweet social media engagement, I’m going to reprise my role as an optimistic contrarian.

I’ll tell you why I continue to think now is a good time to buy Bitcoin.

And I’ll do so with some hard data.

Today we’ll look at how “buying fear” has performed as a strategy and what it can tell us about how we should respond to today's sell-off.

Trezor confirmed three Safe 5 hardware wallets sold through Southeast Asian reseller CryptoBilis contained unauthorized circuit boards designed to capture recovery phrases and transmit them through cellular networks.

The affected purchases occurred between August 20 and September 23. Trezor released firmware 2.13.1 on November 11 to block the identified implant behavior. No affected customers had reported losing funds at the time of the disclosure.

Hardware wallets are not automatically trustworthy if their physical supply chain is compromised. Firmware updates cannot undo recovery phrases already stolen.

For a long time I left my coins on an exchange because hardware wallets and seed phrases felt like too much to get wrong. What moved me was practicing with a small amount first: sending it out, wiping the wallet and restoring it from the seed phrase to prove I could.

What pushed you to take custody yourself and what mistake or scare do you wish you’d known about earlier?

Hit my goal of a quarter of a bitcoin, feels good

Every trade has a buyer and a seller, but one of them was in a hurry and hit the other's resting order. This counts the hurried side on bitcoin's spot markets at ten exchanges, trade by trade from their public feeds: market buys minus market sells, in dollars, to 14:00 UTC today.

Coinbase has had more market selling than buying on 12 of the month's 14 full days, and $947M is about 9% of everything traded there. Add Kraken and the two US exchanges are at -$1.19B on about 15% of the ten's volume, while the other eight net bought about $0.5B between them.

Binance did see selling in the fall itself: $322M net since Thursday, when bitcoin started down from $74,000, and the most of the ten on Saturday. But the claim going round that Binance dumped $1.77B of bitcoin in 24 hours is one side of the tape. Binance's own public data shows $1.78B market-sold on its spot markets in the 24 hours to 14:00 UTC, and $1.64B market-bought in the same hours.

Spot is the small part anyway. The same count on perpetual futures, across eleven venues, is -$6.5B since Thursday, eight times the spot total. Most of this fall was sold with leverage, not with coins.

What the tape can't say is who they are. A trade has no name on it, so this is whoever trades on Coinbase, not Coinbase the company: retail, funds, maybe desks working ETF redemptions (BlackRock's IBIT lost bitcoin on ten trading days in a row to 12 Nov, about 29,300 BTC). It also can't see a seller who rests an offer and waits, an OTC deal, or any exchange outside these ten.

We’re so back!

/s

When do you guys think would be the best time to buy?

The best time to buy more bitcoin is in the dip.

Just do quick search on the current hashrate and diff 🍺

Hi everyone,
I recently received a Ledger Nano X, but I’ve become concerned that the device may have a serious hardware security issue. I suspect there may be an additional, unauthorized spy chip installed inside the device.
I’d like to ask the technical experts in the Reddit community a few questions:
How can I accurately identify whether there’s an unauthorized chip installed on the Ledger Nano X motherboard?
If an unauthorized chip is confirmed, is it possible to remove it myself?
Are there any specific components I should be careful not to damage during the removal process?
Would the Ledger Nano X still work properly after removing the suspected chip?
How can I thoroughly inspect and test the device afterward to make sure there are no other security risks?
I’d really like to remove the suspected unauthorized chip and continue using my Ledger Nano X rather than simply throw the device away.
If anyone here has experience with Ledger hardware repairs, PCB analysis, chip identification, or hardware security, I’d really appreciate your technical advice.
Has anyone ever inspected, identified, or successfully removed an unauthorized chip from a Ledger Nano X?
If you’ve had a similar experience, I’d appreciate it if you could share your findings, testing methods, or recommendations.
Thanks in advance for your help!

If you go back 5 years you probably didn't gain any money and if you gained little profit, then inflatiin eats that away ... so this means it defeated its purpose. We buy butcoin to escape the fake money system that robs and scams us by money printing causing 5% inflatiin each year or even more.

Bitcoin is 21 million coins max. We almost at the max circulating suppy. BITCOIN SHOULD BE PUSHING HIGHER, IT DROPS FOR NI REASI , IT OFTEN TIES TO THE STOCK MARKET. ALL THESE NEW BITCOIN ETF CAME ALONG YET BUTCOJN NOT MOVING. HIW UT DROPPED FROM 126,000 TO 60,000. EVEN RECENTLY IT WAS 88,000 AND LOOK TODAY.

Do not despair in dire times my lads.

Keep hodling.

Throwaway for obvious reasons.

Started stacking this year. 0.4 BTC. small to some, but that's 6 years of savings I moved in. I'm an immigrant who moved to North America 7 years ago from a third world country.

Still debate myself constantly if this is the right move. I only buy Bitcoin, because I studied it. Fixed supply, no dilution, self-custody. The more I learn, the more it looks superior.

But I won't pretend it's easy. I don't know what the future holds. Constant anxiety about self-custody cold wallet vs Bitcoin Core . I try to research while working a 9-5 to stack sats. I do my best.

Can't tell anyone. My peers aren't interested at all. Family thinks it's a scam, friends would laugh or ask for money. So I'm telling strangers instead.

It's mine, it's real, and it's done.

To everyone stacking quietly with no one to celebrate with . I see you. We're early. Stay humble, stack sats. 🧡