Who's buying Bitcoin?

[Graybeard]

Major crypto lender Celsius files for bankruptcy

U.S. crypto lender Celsius Network said on Wednesday it had filed for bankruptcy in New York, becoming the latest victim in the cryptocurrency sector of a dramatic plunge in token prices.

www.reuters.com

>>>New Jersey-based Celsius froze withdrawals last month, citing "extreme" market conditions, cutting off access to savings for individual investors and sending tremors through the crypto market.

In a court filing at the U.S. Bankruptcy Court for Southern District of New York, Celsius estimated its assets and liabilities as between $1 billion to $10 billion, with more than 100,000 creditors. The company has $167 million in cash on hand.

... Another U.S. crypto lender, Voyager Digital Ltd (VOYG.TO), filed for bankruptcy this month after suspending withdrawals and deposits. Singapore's Vauld, a smaller lender, also froze withdrawals this month. <<<

"Digital" currency is a belief system with no intrinsic value other than hopes and dreams.

 

[Graybeard]

seriously?
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[CPAZip]

I've been buying a very small amount of BTC and a bunch of altcoins and putting them directly on a ledger cold storage. I don't regret any of my previous purchases

 

[Graybeard]

Not today

the year to year value increase has declined in half in just a month or two

Good Luck to the Winners ...

Even odds right now.

 

[AlexzanderWashington]

Half the best BTC. I prefer Binance, Coinbase, Kraken, Bitfinex. News about Bitcoin can be obtained from a variety of sources, including financial news sites, cryptocurrency publications, social networks, blogs and forums. I love reading news in telegram channels.

 

[JovanniXV]

For me, it’s all about keeping things simple and relatable. Instead of trying to be all fancy, I just think about what my audience is dealing with and talk to them like I would in real life.

 

[groodoo]

Bitcoin talk-love it!

I'm currently holding BTC. It's a rollercoaster, but the thrill is real! My trading experience has been a mixed bag: made some great gains, but also felt the sting of some dips.

For trading platforms, I find Binance to be pretty solid. It's user-friendly with a good range of options. As for BTC news, I rely on CoinDesk and CryptoSlate for the latest updates and insights.

Do I think BTC will keep going up? That's the million-dollar question! I believe in the long-term potential, but it's always wise to be cautious and do your own research.

 

[Perfecto1]

I think Bitcoin’s still getting a lot of attention, and it’s not just from the usual crypto folks. A lot of people are starting to see it as a store of value, kind of like digital gold. You’ve got investors looking for something different, and then there’s big tech and institutions dipping their toes in, too. I’ve been reading a lot on platforms * Link removed by Admin * and it’s interesting to see how more regular folks are starting to get involved. Some see it as a way to hedge against inflation, while others just like the idea of something outside of the regular financial system.

 

[Graybeard]

Look at the Yield% Long futures trading ETF
There is money to be made off Bitcoin by not owing them directly. Risky but no more risky than owning a worthless asset like Bitcoin

 

[SocNet]

I am buying BTC every month on 100$ and just keep them in my wallet

 

[MiljanT86]

I started dabbling in crypto during the 2020 pandemic dip. Threw a few hundred into BTC and ETH just to see what’d happen. Got addicted quick. I’ve tried a bunch of platforms since then, mostly stuck with Binance and KuCoin, but I also check Coinbase now and then just because it's user-friendly.

What I've learned is that the hardest part early on isn't trading, it's understanding what the heck is happening in the market. Prices move so fast, and half the YouTube videos are just hype.

If you're new and still figuring things out, I’d recommend checking out this quick guide. Helped me get a solid grasp of the basics before making bigger decisions.