BTCUSDMOVED20220512
Bitcoin May 12 2022 Daily MOVE Contracts
crypto

First of all, never compare yourself to people with 1, 10, or 100 BTC. We all started somewhere. Different life stage. Different life goal etc.
Focus on growing your income while consistently stacking sats. That’s far more powerful than trying to cut your way to a whole coin.
Personally, I wouldn’t live in my car just to buy more Bitcoin. Protect your health, your career, and your ability to earn. Learn new skills take up new side hustle. All of these will help you to stack more.
If we’re still in a bear market, as I believe we are, keep a regular DCA going, and be ready to buy more aggressively during periods of fear, especially around major long-term support like the 200-week moving average. Stack more during bear market stack less during bull market. Have a HODL and swing bag for bitcoin, take profits during bull market on your swing bag. By the time bear market comes, re-enter! Use the Bitcoin 4 years cycle to your advantage!
[Bitcoin Bear Market DCA Playbook](https://youtu.be/JXvr49ECTuo)

Poolin peaked at around 20-25% of Bitcoin's total hashrate in 2020-2021, which made them genuinely systemically important to the network. Their collapse is a good case study in how brutal the mining business model actually is.
The fundamental problem: mining has near-fixed costs (energy contracts, hardware depreciation) but income that's directly proportional to BTC price × (your hashrate / total network hashrate). When BTC dropped 75% in 2022, the math flipped overnight. Hardware bought at peak prices in 2021 suddenly had a payback period of decades.
Poolin's specific failure point was their "Pool.io" earnings account — they were offering yield on miners' accumulated BTC balances, essentially acting like an unregulated bank. When liquidity dried up in August 2022, they suspended withdrawals. Many miners lost their earned BTC sitting in that account.
The pattern repeated across the industry: Core Scientific (filed December 2022), Compute North (filed September 2022), Argo Blockchain (near-miss), Greenidge Generation... The Ethereum Merge also hit GPU miners who were pooling on Poolin's ETH side.
Worth noting: the miners who survived were the ones with locked-in low-cost energy contracts (sub $0.04/kWh) and owned their hardware outright rather than leasing. North American miners with cheap hydro/wind power had a structural advantage that Chinese miners largely lost after the 2021 ban.

go buy a pizza with BTC.....$80 USD late lol.....biggest POS digital fairty dust ever invented

Correct me if I am wrong but as long as your BTC is in a cold wallet it doesn't matter right?

OP obviously tripped the system, but not necessarily by doing something stupid or illegal. It is extremely frustrating and unfair, the way that CEX are “over-compliant”. And the CEXs pretty much have to be, because the threat of draconian consequences in case of a minor, individual sub- or non-compliance issue is very real. Governments are to blame. Citizens are by de facto denied the fundamental right of ‘presumption of innocence’: it is not that a prosecutor needs to prove your guilt of a crime, it is that the citizen needs to prove his innocence. It is fucked up, but it is reality.
For this reason, I leave only very small amounts on CEXs I use: enough fiat for my DCA buys, and no more than $500-$1000 worth of BTC before moving that to cold storage. And I am slowly moving away from CEX altogether, refocusing on DEX buying (and selling, when the time comes).

I had over 100k in my robinhood account in BTC and when I tried to remove it they literally froze my account for over a month with absolutely no explanation whatsoever. I spent hours and hours emailing, consulting attorneys, and endless phone calls. Its almost impossible to get someone on the phone and escalate the situation. Then they would tell me its unlocked and I can transfer to my own wallet. Then I would initiate transfer, the transaction would get denied, the account would relock, and the entire process started all over again. Over and over again. I can't begin to explain how frustrating this was. So no, its not time to rethink it. Not your keys not your F'ing coins. And Fuck Robinhood

BTC Swing Technical Analysis

1. Determine your "woah, this is serious cash" limit.
2. Look up Trezor, don't buy yet, just look it up and see what it is and how much.
3. Look up a proper and big crypto exchange in your part of the world, make sure they support transferring/sending to external wallet.
4. Make account, start buying BTC.
5. Once you reach the limit as determined by step 1, stop buying.
6. Buy a Trezor, the cheapest one should be OK, what's important is you buy from them directly and ONLY follow the instructions from official sources. Be patient, be detailed.
7. Transfer your BTC from exchange to Trezor, congratulations you now own BTC and is your own bank.
8. Repeat from step 4, if you want.

We all start somewhere. PayPal or Cash App are great to buy less than $100 and learn about BTC by following the volatility. If you’re even somewhat serious, you should be on an exchange like Coinbase where you can use a security key. If you start to really go all in, do more research on wallets.

$1 than regard as the only thing people care about BTC is trading it not larping with .001 BTC thinking they are beating the system

Except buying BTC at this point in the cycle and holding for 1+ years has always ended up in the green whereas lottery tickets end up in the red the vast majority of the time

Capital gains taxs. That's why. If you need some advices.. let me know. What does reals Rich's does? They borrow against their assets. Then spend.. if you are wise and got justified convictions about BTC going down. You can definitely protect your stack by borrowing against it, then opening a short in very low leverage.. therefore never sell is respected, you'll be taxed only on the gains from your short.. which happens to be anyways gains.. then.. after your short is closed.. either spend or re inject it in growing your stack.. but pay your gains taxs first!! Always.. and sit on a bigger stack with less cost/BTC than most people.. borrowing is cheap.. it's the tax's break of all the whealty.. and I don't see why I shouldn't be using it the same way.. be responsible as always.. borrow the least possible.. leverage your short the least possible also. But yeah.. remember that comment for later.. since that's how rich stay rich. Even with high taxs over huge gains.. they become rich through using theses calcs and models.. and they stay rich through staying in debts and out of big cash reserves. Cash isn't an asset. Remember always that.

This is an unopened bundle of 20x Silver BTC Certificates. Each banknote has a 1g 999 silver round embedded in it via a security hologram sticker. That 1g silver coin is funded with, and holds, actual bitcoin on that 1g silver coin. The banknotes are made by Caribbean Treasures and have several security features including uv ink, embossing, micro-lettering, hidden design aspects, embedded security thread, security hologram stickers, etc etc…. One of my more unique silver pieces and personally one of my favorite. Physical bitcoin silver and gold coins are a niche of our hobby that is on fire right now, market and collectible wise.

It will be too expensive to be universal without more successful layer twos. I think that large scale transactions will be more likely satisfied in BTC than a BTC based set of payment rails on L2s in millisats - but what do I know?

BTC is in desperate need for a correction. A massive dip would be a good soft reset.

Can it? Yes. Will it? No.
I said 57k was my target back in NOV 2025.
(Yes I have screenshots of those posts. They weren't here on reddit. They were on other platforms. Some are private)
Guess what... we hit 57k almost perfectly. Next is ~46k.
All the "event contracts" and leveraged trading has ruined BTC and most of crypto. There's other reasons why but I'm not typing out an essay.

You mean like you buy 3 BTC at 126k and now your just like…..whatever….. I know people that have this feeling, it’s not a loss but they don’t have funds to buy anything now….. keep holding I think…. But damn I’m so happy I bought 0.001

There is data from 2024/2025 when it was very volatile.
When Bitcoin went from 70k (Nov 2024) to 110k in (Jan 2025) and then fell back to 75k, BTCI fell below its starting price when BTC didn’t. When BTC made a higher high in October at 125k, BTCI made a lower high from the 110k top in January.
Now, this is all without having DRIP turned on.
With DRIP turned on it was very close to the same with even periods of outperformance of BTC.

Automatic trade sells .1 BTC every week on schedule through Kraken, like a reverse DCA.

Holding BTC while the largest buyer Saylor who pumped the price runs out of money and becomes a seller, is more expensive.