Binance Exchange Leads in The Number of Bitcoin Reserves

submitted by /u/Material_Manner8274 [link] [comments]

source https://www.reddit.com/r/btc/comments/z16ycj/binance_exchange_leads_in_the_number_of_bitcoin/

The self-custody war is already won.

The fact that fiat tyrants and oligarchs have not yet found a way to eliminate self-custody proves to me that doing so is impossible. They must instead resort to inefficient fiat price manipulation schemes in the hopes of scaring off the masses long enough for them to accumulate as much as possible for themselves. The problem is that making the fiat price go higher brings in more speculators while making the price go lower moves that much more supply into the hands of true believers. Either way, they are doomed to lose their control over the money.

submitted by /u/Apprehensive-Log-849
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Layer2Labs is building no-KYC Lightning-native DCA which allows you to buy or sell bitcoin directly on your Lightning node

submitted by /u/KAX1107 [link] [comments]

FTX KYC Data: elephant in the room

We've all heard by now that $16 billion was evaporated by FTX, and the exchange was "hacked" for another $600 million last week, but what's happened with the customer KYC and private customer financial info databases?

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FTX collected this KYC data for millions of users:

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https://help.ftx.com/hc/en-us/articles/360027668192-Individual-Account-KYC

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There are also rumors of an FTX employee database leak... that Reddit thread was deleted.

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I guess this "trust us with your money, personal identity information, bank account details, and privacy, and we'll steal it and sell it all to governments, corporations, and hackers" business model is losing its appeal quickly.

Finally, what gives with the r Cryptocurrency sub? Can't seem to post or do anything without getting censored there?

submitted by /u/clash_is_a_scam
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source https://www.reddit.com/r/btc/comments/z16rjz/ftx_kyc_data_elephant_in_the_room/

Dear Crypto & Fiat Bros

submitted by /u/2-bit-tipper [link] [comments]

Is it time to invest ?

As a newbie to crypto, is now the right time to put some money into bitcoin due to the massive fall?

submitted by /u/Cheex__
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How did people buy bitcoin back in 2009 or 2010? Where did they store it?

Is it possible to have access to bitcoin that you got in 2009 or 2010 today?

submitted by /u/BigDino1
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We need to talk about what DeFi's aims at financial engineering are, and what it is actually perceived as.

submitted by /u/samdane7777 [link] [comments]

source https://www.reddit.com/r/btc/comments/z0exbx/we_need_to_talk_about_what_defis_aims_at/

Btc & Basic economics

Price comes from the intersection of supply of btc and demand of Bitcoin. In my assessment, we all have lived under an artificial and inflated supply of btc for quite some time (ie no one who bought/supplied btc from ftx actually got Bitcoin).

However, now there is a fundamentally new short demand curve move. Perhaps it’s too simplistic analysis, but it still appears the actual supply of Bitcoin is far lower than is being played out in the “market”.

Please help me understand where I may be wrong.

submitted by /u/ConfidentEquipment56
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Our vision is a lot more popular than we think it is because we still mainly operate within a big astroturfing bubble. But sometimes it does break out.

submitted by /u/i_have_chosen_a_name
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source https://www.reddit.com/r/btc/comments/z0bg3e/our_vision_is_a_lot_more_popular_than_we_think_it/

All in or DCA?

I'm sitting on some decent cash and about to toss it into BTC and move it off the exchange. I'm curious what you fine folks think on the current state of things. BTC has been fairly sideways for a few weeks. Holding up at $16k fairly strong even after the FTX fiasco. There are things everywhere saying a few other exchanges may be in trouble as well and are trying to hide it. If there is a cascading event that takes down more exchanges could we see lower levels of BTC, say around 12-13k? The difference in buying in now vs these "potential" lower levels for what I'm putting in would be a difference of about .6 BTC. So some pretty big opportunity cost long term if it does dip further. I know many people said we'd never see this current price of BTC again and here we are. I feel as though the risk of missing out on upward momentum from our current levels is greater than potentially falling lower, since other exchanges failing is likely somewhat priced in already.

What are your thoughts? If you had a stack of cash would you just DCA right now, or would you just dump it in and secure the BTC at current levels? Interested in your thoughts!

submitted by /u/Ritopl3s
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Chainalysis: Something to think about

submitted by /u/Egon_1 [link] [comments]

source https://www.reddit.com/r/btc/comments/yzmna0/chainalysis_something_to_think_about/

I see you Mr. Long BTC🤓

submitted by /u/jrb450 [link] [comments]