It’s great that people ask questions here, but first, maybe try searching google, YouTube, or even previously answered questions here on Reddit before you ask the same 3 questions that get asked every single day🙏

I was listening to this poker podcast (link here) and the guy borrowed 81 bitcoin a few years ago for poker investment purposes. Today that is obviously now over 3 million dollars.

Assuming both parties in this contract are "stand-up" guys and will honor the agreement, what is the typical resolution when the price of bitcoin spikes or tanks when your debt is denominated in bitcoins?

Edit 1: For the 6 idiots saying to repay him 80 bitcoin (worth $3 million) here is my response which got downvoted to -7 so I'm deleting the original and I am now hereby appending the comment to the OP because I have 2100 post karma but only 700 commment karma since my goal is 50,000 of both karma types:

u/PompousJackass I have seen many questions but this one is actually top candidate for the most stupid question of the sub

u/MountainousFog Your idiocy resides in the belief that normal people can just write a check for $3 million. From the 2019 Survey of Consumer Finances by the US Federal Reserve, the most recent year for which they polled participants, Americans have a weighted average gross savings of $41,600 which includes checking, savings, money market, stocks, real estate and other non-residential investments

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This post was mass deleted and anonymized with Redact

I’m honestly getting tired of the whole "not your keys, not your coins" thing.

Being your own bank sounds great in theory, but the constant stress of messin' up a seed phrase, getting hacked, or just losing access with zero customer support is starting to wear me down. The mental tax is real.

I tried spreading my funds across different wallets and exchanges to play it safe, but now I’m just driving myself nuts managing a dozen accounts. At this point, I'm genuinely thinking a BTC ETF might just be the easiest way to hold this stuff without the headache.

How are you guys handling this lately? Still 100% team cold storage, or have you backed off a bit for peace of mind?

Does it seem likely there will be a correction of some kind in the next couple of weeks? Can the value really just stay at this current near record high until the halving?

I’m over trying learn and figure out this Bitcoin phase. I don’t know where to start but It’s like a hundred Exchanges that you have to figure out which is Best” to use while seeing people giving out different answers on why the next is NOT Better! I Also read that you have to worry about the Banks shutting down your account! Therefore you should sign up for a online Bank account and the Plaid company basically have access to your account info so that’s another reason why. Then the thing that upsets me the most is the complexing of trying keep your coins SAFE!. You can’t store your coins on a exchange because of the “Not your Keys Not your Coins” ordeal.

Now you have to figure out which hot or cold wallet is best for your and is SAFE i rather use a Hot storage or a Online wallet on my phone because i don’t have a PC but once again all i hear and read about is security and hacking. So than you come across the Cold wallet that you need a “PC for”where you have to keep a physical 26 or 12 word password safe from the World! that even your own dog cannot see you writing down! guess what? Now you stuck trying to figure out where to store the most important secured password.

Seriously!! i haven’t read or found one good answer to where to SAFELY and the most EFFECTIVE WAY to store this “KEY”. You cannot store it Online, you cannot save it on anything , you cannot tell no one about it, I heard you can’t even store it in the Bank because you never know if the Bank will block you out of the security deposit for whatever reasons.

There’s a million reason on why you can’t just store this “Key here and there or even in your own home. Some people might not even have there own home and have to move in with someone or might just stay place to place because everybody living arrangements are not the same. So where do you keep this important “KEY” at especially if your plan on investing more and more over time.

I’m starting to understand why there’s less then %3 of the world that really knows or even interested in Bitcoin or any other cryptocurrency. The whole system is complex and feels like it’s not even worth the time. Especially when you have to guard a password that’s not even safe on the Moon if you had left it there. You would think it be way easier and less of hurdle without having people to do the most to hide these “KEYS” and passwords that have access to one of the biggest investment of all time

I just started in btc ,and I’m doing the dca way to buy btc, I’m just curious about if someone have 1 full btc can he makes $1000 of profits a day by selling and buying it?

Is it going to go back down? My paycheck only came in today so I missed the bottom by a day!

I planned on buying BTC here and there to save it up. Then I hear about how eventually we may not be able to get it back to USD. Some people are mentioning getting screwed as the result of taxes.

I’m basically a noob at all this and I guess I just want to know is mmynplan to just buy and hold BTC 2-3 times a month and just keep saving it over many years. Is this even a good idea? What do I need to do to avoid getting screwed in anyway possible?

I bought around 50$ of btc as I’m literally just getting into stocks and crypto but i don’t understand what’s the point of it? Like I bought 50$ worth as right now it’s -18% or whatever, so i could still buy 50$ worth when its +20 for example so what’s the point of buying it at this low? How much money can btc even make you? I am so confused ive done research but I have so many questions CAN ANYONE HELP?

If Bitcoin is truly "public" money, why do I still need to setup an account with a private bank such as Coinbase in order to buy, trade, and sell Bitcoin? Furthermore, is the blockchain not controlled by private equity and companies such as Marathon digital?

Real question.

It seems like you would get a lot more retail interest at say 10 to 15 dollars for each sat?

Bitcoin isn’t just “going up or down”… it’s slowly reshaping how people think about money.

Most people still treat it like a price chart. But the real shift is deeper:

• No central authority controlling supply

• Fixed scarcity in a world of infinite money printing

• Full ownership without permission

We’re still early enough that people argue about it daily… but late enough that institutions are already here.

Genuine question for everyone here:
👉 What do you think is the biggest reason Bitcoin will succeed long-term?

(Technology, economics, adoption, or something else?)

https://github.com/bitcoin/bips/blob/master/bip-0042/inflation.png

Everybody getting on board with the idea that Bitcoin is bulletproof , but the system it runs on may have a weak spot . According to Google more than 95% of the internet uses undersea cables . These are vulnerable to being cut by people with cutting devices . Anyone got any thoughts on this ?

This may be a silly question. If I buy 100 of BTC at 41k, how much will my invest grow once BTC bounces back to 50k? Thank you.

With technology and ai how can we be so sure that there can’t eventually be some alternative to bitcoin? I get that no coin has come close so far, but if a rival comes along who is to say the value of bitcoin won’t tank with around twice of the supply available?

I understand it is unlikely, but how unlikely is it to those who know more? And shouldn’t it be considered some sort of risk?

Title says it all.

Yesterday I was talking about Bitcoin with my girlfriend. Mostly the usual stuff

“why does it have that value?” “How and why was it made?” “How does it work?”

I knew the answers to these questions, but one thing I didn’t really know.

She asked me “what it it’s made by someone with bad intentions? That person is now technically the richest person on earth. What if he has bad intentions?”

I admit, I have seen some answers to this, the fact that it doesn’t really matter who created it and what not.

But still… it intrigued me… what if it’s someone with bad intentions?

Any answers to this?

I understand the very obvious answer, but if you were to put in a few thousand how would you lose it? When you buy a part of it and the cost goes down you still have the stock though right? I just am so lost.

Edit I guess my real question is, is if you put money; roughly 10-15k into it and it drops 20k do you now no longer have Bitcoin?

I am conflicted, please explain to me why you believe crypto is going up or down I need your belief