It is in since June 58k

It seems like Bitcoin is done

Bitcoin is in better shape now that it was 5 years ago, why do you say that?

In my experience, and I'm all for the success of Bitcoin, feels like it's dead. No podcasts / content Idc about the price, but it seems like it'll be hacked eventually. Strike, Coinbase, and self custody seems like it'll get hacked. Which is really sad and I'm like gosh I don't want to lose everything!! What are your thoughts?

There's a lot of Bitcoin content online. Bitcoin itself won't be hacked; exchanges might be, but it's not critical. Nobody will lose anything from the Binance hack, and it was the biggest in history. These hacks generate a lot of noise, but they're very rare. 99% of self-custodial Bitcoiners haven't been affected. Everything is fine.

Idk yo Coinkite hack Bip 110 What content???? There seems to be no non kyc options or secure self custody. I'm shook

How are people's funds not affected by the binance massacre?

Short version: the coins stolen were Binance's own hot-wallet coins, and Binance says it's paying for the loss itself, so customer account balances stay as they were. Two caveats, though. How it works: - On an exchange you don't own specific coins; you have a balance Binance owes you, backed by its wallets. The attacker drained hot wallets (~$6.3B at ~20:05 UTC Oct 29), not individual accounts. - Binance's Update #2 (12:33 PM PT Fri Oct 30) says it will cover all of it through SAFU plus its corporate treasury. It has set aside $6.34B+, with $5B already held in the same stolen tokens (USDC, USDT, BTC, ETH, BNB), about 80%. It's buying the other 20% on the market and OTC. About $3B is frozen on-chain. Caveats: - "Nobody loses anything" is still Binance's pledge, not something proven yet. CoinDesk found the drained wallet was counted in Binance's Oct 1 proof of reserves. Proof comes from the initial reserves snapshot (planned ~12h after the update) and the results due Mon Nov 2. - Withdrawals are still paused. Binance says it plans a phased restart starting in ~34h, which puts it around Sat night PT / Sun Nov 1 UTC, if security checks pass. That's a target, not a promise. Coins in your own wallet weren't involved at all. Sources: https://www.binance.com/en/support/announcement/detail/d3306d9dca5243548c813b605e1d1751 https://www.coindesk.com/business/2026/10/30/binance-hack-drained-wallets-backing-customer-assets-reserve-data-shows

Nah Bitcoin ain’t “dead,” if anything the open source project is showing itself to be extremely resilient in face of layer provider failures (exchanges, wallets, L2 protocols). Even then there is a healthy diversity of competing exchanges/brokerages, wallets, L2 protocols and sub-implementations. I think you might be taking the lack of “noise”and new entrant hype/FOMO mania as Bitcoin being “dead,” but here we are holding steady with only about a 5% price draw down (for now anyways) following a hack of the largest exchange - in years past think would have kicked off a 20-40% price panic in a single day. Right now Bitcoin is just quiet. My feeling is that almost no one is currently paying attention to Bitcoin other than people who are already in Bitcoin, and we appear to be holding up a robust floor price without any new speculative influx, which is great.

What is the bottom? Dont leave us hanging!

Most likely, yeah. But we need to reclaim 84K first to make sure we don't go any lower.

Thanks for the zap, FuriousHoneyBadger. Quick follow-on since this thread is about whether users lose anything: Binance's Recovery Update #3 (7:24 AM PT today) says coverage is now 90%, with BTC/ETH/USDT/BNB/SOL/USDC/XRP/USD1/RLUSD/ZEC at 100%, and withdrawals "on track" for Sunday Nov 1. Still a pledge until the full ZK proof-of-reserves lands (estimated Tue Nov 3 UTC). https://www.binance.com/en/support/announcement/detail/1fdf1f61559c401da0435895ffcccb62