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I never claimed to own 200 btc, I said in the text that I saw a review which shows how much that person has bought and it showed 200 btc. Which made me think it was a fake review and the website being a scam. I DO NOT OWN 200 BTC
I find it just wild - given what we're facing - that people feel they need to start with "I'm no conspiracy theorist, but..." before calling out exactly what clearly is going on. TO EVERYONE: YOU ARE ALL ALLOWED TO THINK CRITICALLY AND CLEARLY ABOUT THE CORRUPTION AT PLAY AND SOME 14 YEAR OLD TATE BRO CALLING YOU A "CONSPIRACY THEORIST" SHOULD NOT DESUADE YOU!
Whoa whoa whoa whoa whoa We DID NOT vote in Carney. The WEF planted him. It's been in the works for a while. His first order as apointed Prime Minister was to take a trip to visit some of his friends in his old stomping ground with a taxpayer paid trip to Europe. Effing ridiculous waste of money for an unelected official. He's about to "win" in an "upset" the Canadian federal election later this month, unfortunately. Brought to you by the the joint venture that is the CBC/Liberal party of Canada.
I certainly would for a fair wage.. that's the point. It's honest work, but it's being exploited.. I'm neither a Republican or a Democrat, because bribes and corruption exists on both sides of the aisle and there are filthy people who play a role in both sides bought off by oligarchs outside of this country.. cough cough -WEF... I do apologize to you for in any way offending you and making the assumption that you're brainwashed, but truthfully and respectfully speaking, many people here in this country are, and it's sad, but then laughable when you realize they CHOOSE to be that way!.. it's a sad case that one can't feel so bad about because you'll only end up losing energy and care for certain opinions... I am a Mexican immigrant who was brought to this country before I could even realize what was going on, I studied and worked here legally, and paid my dues as well as continue to pay taxes.. and I learned by not jumping to conclusions that there is too much propaganda for one to just get carried away, especially by news titles and media which is evidently controlled by rich men (skin color doesn't matter at this point, Jay-z being an example) who work for and hold an agenda.. there is plenty of evidence for why things are the way they are, and Trump isn't playing a role in those games, evidently by the way he attacked THEIR agenda and was multiple times almost offed for doing so.. it's history repeating itself... They did it to Washington, they did it to Lincoln, they did it to Andrew Jackson, they did it to X, King jr, JFK, and to ANYONE who opposes their plans! The same agenda formed by free Masons from the beginning, is still being worked to achieve today.... They often want to distract us and misdirect us from the TRUTH, but the fact is.. History cannot be fully hidden... They can only try every thing to censor those who keep the truth alive. I could NOT share this kind of conversation on YT or Facebook.. it's wild. The only way to see these things is to spend less time arguing about opinion, and spend more time studying and learning the facts.
If you are not sure you should NOT do it. Start small. Do 10%, or whatever you feel ok losing. With 50% and your current doubts, you will paperhand it and fold at the first sight of trouble. Do yourself a favor, do not gamble. Also, do not buy paper bitcoin. Not sure if you are thinking of cashing out or buying the ETFs, but Not your keys not your coins. ETFs are not your friend. Good luck.
And that’s why it’s a failed tech. I know I’ll never use it. Gold please. At least nobody can pump and dump gold 80% every few years. Mass Volatility is NOT good for a currency.
They also tell you to NOT invest in Nano.
There is no further infringement. Coinbase is a financial institution based in America. They have to follow the laws there. Stuff like this is inevitable when dealing with any company in America. They either get made to follow the rules and regulations OR they are forced to change locations. It doesn't matter if it is Elon or not. A billionaire worrying about information that is normally accessible to the IRS is concerning. Period. It does NOT matter that it is Elon. It matters that an ultra rich person is quaking in boots over financial info being revealed. Your entire stance on this is purely coming off as a regulatory thing because, as I stated, that ship has sailed. Crypto, especially Coinbase, is more about investment. I'd like to know what the ultra wealthy are hiding. If you want to care about regulation, you are MANY years too late. I've been following Crypto for far too long to have some argue about this haphazardly. People trying to champion no regulation in the scene seem to forget how it was when it was below 100$ and the growth. If you want adoption by others on a large scale, regulation will follow. It is inevitable. What should be studied is people simping for the ultra wealthy. Wild seeing how hard people defend them and their ability to hide the wealth.
The tarrifs in and of themselves aren't a bad thing. China and many other countries use them to great advantage. However, you bring up a great point about taxpayers. To see a true economic boom would mean reducing taxes to near zero. The UAE has a very similar tax policy to the US prior to the federal reserve. They have seen wild growth and investment. I suggest researching the people who surround trump (and all our presidents). [Here](https://imgur.com/a/X7gcs62) is a quick video and also some pictures of how they are right behind much more than just the US. These folks DO NOT want "normal folks" to prosper...
The economic effect of tariffs is not a theory. It is not theoretical that tariffs affect the consumer of the country who enacts these tariffs. The *purpose* of tariffs is to encourage folks in the homeland to NOT import goods or buy products from overseas, because they make it more expensive. Fact. This is not fiction, fake news or a liberal conspiracy - it is absolute fact. The end. > the armchair economic experts on here who think they understand economics better than the people in charge. The people in charge are woefully unqualified for their positions. They were hired for one purpose - to not get in the way of a madman who bankrupts casinos. That's their qualification.
You can use decentralised P2P markets like retroswap. Or you can use a non kyc crypto only exchange like tradeogre. I don't think you understand what a circular economy is. you can accept Monero as payment for your work, or if you sell something like a car. Or Buying a car. You don't have to use cash to buy Monero. Just accept it as payment for anything. But Monero is meant to be used. Buying Monero and then selling it later for fiat money defeats the whole purpose of having Monero. XMR is money! Its the best form of money there is! It protects its users privacy. Buying XMR and then selling it for cash IS NOT using it. Having Monero and spending it is using it. Monero is designed to be used. Not bought and sold.
A handful of very good options are already recommended. Listen to them about buying Bitcoin-only (very important as it's significantly more secure). Also, make sure you do NOT purchase from Amazon or a 3rd party. Buy DIRECTLY from the manufacturer's website.
All most people do (or want to) is buy a crypto, wait till it goes up in value and then sell for profit. The tricky bit is deciding which crypto to buy and will go up the most AND having the patience to wait till the it goes up bit. The holding bit is the hard thing, this space and the noise and the price volatility means many shit their pants when it drops or keep changing their mind which crypto and missing the rare times it goes up quickly. This is why “hodling”, aka holding on regardless, is a meme. Can’t recall the exact percent but the majority of gains happen on just a couple of days a year (not every year) so why most advice is buy and hold NOT trade as if you’re out of a position on those high rising days you have missed the big wins. Buy and hold and ignore the noise till you meet the price you want. Sounds easy? It isn’t!
The hope is all wrapped up in ADOPTION as time goes on more and more individuals, corporations, fund managers, cities, counties, states, and entire countries are adopting bitcoin as a store of wealth. It is entirely NOT centralized NOT controlled by any one organizations....yes some whale investors have limited ability to nudge the price but not too signficantly and for that matter it behooves any holder to ultimately seek the asset to go UP not down....but one of the very best things otherwise? Is how FEW bitcoin even exist! It is MIND BLOWING there is a theoretical MAXIMUM 21 million coins PERIOD but the real number is much more 16million because some are lost "burned" forever! Who knows how many but remember it at one time was worth so little that people were not careful with the "keys" ALSO people actually lose their functional minds as they age or with illness and forget or just die without giving their keys to anyone....or the ones they leave it to do nothing and also loose that "bag" of crypto. People make a real mistake thinking they are too late to the game as if the money has already been made so now it will fade into obscurity....WRONG! We are STILL in the VERY early days! VERY early! Even if all someone wants as a hedge against inflation long term one can possibly go wrong if you ask me! But if you believe it will simply protect against inflation I think you will be so very suprised when you wake up in a few years and notice your BTC is worth 10x when you tucked it away....say someone puts half their life savings in today of $20k 10x? that is 200k! etc...if you dont need some cash for anything but retirement? I advise you to stick it in Bitcoin!
Sounds like OP got phished OP if you have any other wallets, do NOT access them with your current devices
Wow. That's so wrong. BFT protocols have been around forever. Like Paxos and Raft. Also, despite what ChatGPT says, **Bitcoin DOES NOT SOLVE BGP**. It solves a different problem. BGP requires the generals to attack at the same time under fog of war with a delay due to messages and not knowing whether messages are honest or valid. Bitcoin's longest-chain protocol is more like 1 general attacking while every other general can see that he's attacking. They have instant visibility the moment a general attacks, and they can easily calculate whether the messages are honest and valid. It's a very different problem.
I was pretty into financial independence stuff, a few of my favourite podcasters did some episodes on Bitcoin and I became fascinated, and then from there just kept digging and digging. It's strange, because all of the finance communities on reddit are sooo anti Bitcoin. Can't even have a level headed conversation about it. The best performing investment of the last 15 yrs. And when you see all these people you thought were clever dogmatically opposing something that you have researched deeply and have developed real conviction in, it can really make you question your whole worldview. I think it's much more risky to NOT have a small allocation to Bitcoin.
WalletConnect is not a wallet so it cannot compete with wallets like MetaMask or Phantom If anything the biggest competition of WalletConnect is choosing to NOT use it. WalletConnect is built by industry standards and its network effects are growing massively every day and all our wallet partners are contributing to not only improve it but grow our Network to new users and new regions
Exactly. If they ask, I should be able to tell them "none of your business." and they should be off the hook for anything further. They can, and likely should, note the account interaction and if they suspect anything fraudulent, they can terminate the account. They should NOT, however, be able to hold your money against your demands.
Basically write a small book with a very detailed list of instructions on how to handle the bitcoin and explanations of the basics in as clear text as you can with as simple text as possible without oversimplifying. It should have warnings like "DO NOT SHARE SEED PHRASE WITH ANYONE YOU DON'T 10000% TRUST" and "BE CAREFUL WHO YOU SEND IT TO AND DO YOUR RESEARCH BEFORE SENDING" at the very start so they won't try to do that while looking for answers. It should also have a list of contacts for people who you FULLY trust to help your family deal with the bitcoin when you die. If no such persons exist, then instead make a set of rules for asking advice from forums (stuff like "don't share seed/private key", "be wary of tricks" and "reveal only strictly necessary info"). Put the last word of your seed phrase in an envelope that is given to your heir according to your will. The rest of the seed phrase should be in a safe along with the book of instructions. The keys of which only your heir and you have. This guarantees it's fully secure until the time is right. At least that's what I'd do in your position.
Would it be wise to plant a tree today or tomorrow? I mean, if you think it's a good idea to do it, don't try to time it. We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick and read this short guide, please: **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting. Now, don't buy a fake Bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill or LN Pizza [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
I was trying to tell my friends that about the Fed's creation and how it's NOT a federal institution. They thought I was a lunatic.
Diversity is for coins that you think will also perform very good and NOT for the sake of not having 100% in 1 asset. You'd be better off to just be on cash. So, all in BTC regardless of stupid diversification rules
> Imagine a system where traders don't have to worry about centralized risks or off-chain dependencies since asset management, brokerage, and liquidity all work together smoothly across blockchains. Trading Shitcoin tokens is NOT finance. DeFi is a bullshit scam narrative from the Summer of 2020. It's not neither decentralized and it's not fiance. DeFi is ScamFi: - Essentially a Shitcoin Casino. Leveraged plays, trading shitcoin tokens, earning yield on shitcoin tokens, providing liquidity on shitcoin tokens. NOT FINANCE - Every player like, MakerDAO, AAVE, LINK etc, is COMPLETELY CENTRALIZED - There are **no life financial products like life, home, health insurance, mortgages, home equity loans, car loans, personal loans without massive collateral, commercial loans, etc.** Again, shitcoin trading, yield farming, etc is NOT FINANCE. - Then you slap some scamified metrics like TVL based on scam tokens locked up to make gullible fools believe real capital is locked up instead of vaporware scam tokens. Stop getting scammed thinking DeFi, Web3 and all these memes are real.
Ok JFC ...no bro. No used cold wallets and no ledger anything. Ledgers source code as a built in back door. Plunk down the 70 bucks US for an open source block stream Jade. Buy DIRECTLY FROM THE MANUFACTURERS WEBSITE NOT A 3rd PARTY LIKE AMAZON 🤦🏻🤦🏻🤦🏻🤦🏻
> Your problem is you don't understand the difference between circulating supply and total supply. no actually that's you. Again its a 100% premine. >>The XRPL founders gifted 80 billion XRP, the platform’s native currency, to Ripple. Which is NOT what you asked. you asked if they put 80% into ESCROW which as I stated, didnt exist until dec 2017, so you're wrong once again >So, educate yourself. so far you've been incorrect every time... >Taking supply off the market has one purpose ... to reduce the circulating demand. incorrect again. directly from the link "this lockup eliminates any concern that Ripple could flood the market, which we’ve pointed out before is a scenario that would be bad for Ripple!" Also escrow doesnt remove from circ supply. to hightlight why you're wrong again. if I escrow my BTC/ADA/ETH does CMC remove from circ supply? or how about we use wayback machine prior to dec 2017 to look at cmc data, notice whats wrong with your argument yet? >This is common practice to avoid prices dropping; as in De Beers, US gov't warehousing cheese, and Trump coin. De beers controls the supply of diamonds, Ripple does not. the US Gov warehouses cheese because the dairy industry collapsed during ww2 and needed to be subsidized. The gov turned it to cheese because it doesnt spoiler unlike Raw milk. Trump coin you are correct. congrats ur 1 for 3 in your basic understanding of examples. >It is never a sign of strength, and can only be effected (with digital tokens) if one centralized agent controls the supply... in a premine for example. And yet its mcap is in the billions. and again that premine was up for anyone to grab as much as they liked. >To summarize: that is why premines are shady, they allow central control of supply to artificially conscript producer surplus on a supply demand curve. >Now, do you understand how supply and demand curves work, or are we gonna have to do an eli5 on that as well? ok lets follow ur example. Why hasnt Ripple set the price to 100$? since you claim they control it. they would benefit the most by doing so, yet they havnt. so what gives? Turns out you dont understand what you're talking about agian. lol
I'm Not talking about renewable energy. Bitcoin mining is becoming centralised. This will continue to increase. The renewable energy going into mining means nothing in the grand scheme of things when bitcoin is captured by the legacy system. BTC ETF's is fractional reserve banking. Selling paper BTC. Chain analysis companies working with authorities to force exchanges and mining farms to censor transactions is a serious problem that all Maxi's refuse to acknowledge. Having the government become the largest holder of BTC and black rock and sailor also hold massive amounts of bitcoin IS NOT a good thing! Once the block rewards get cut to the point where it doesn't cover the cost of mining you'll see the hash rate plummet because of miners turning off their machines because they're losing money. Anyone who thinks transaction fees will make up the difference are delusional. No one will be using the network with high fees and censorship and low security. Bitcoin has failed at its fundamentals.
The purpose of BTC was NOT to be the "largest transfer of wealth between generations and classes of all time" however it very well could have been if you bought before now. The idea of a fair system is that everyone has equal access -- the BTC that America buys, or MicroStrategy, or Blackrock, is the exact same that you can buy at the exact same price. That IS fair. BTC is open-sourced, decentralized, fair, equitable, immutable, etc. and we're all going to benefit from it.
DO NOT USE IT FOR ANY REASON. Don't use one that appears to be new at a yard sale, pawn shop or from a guy that says it fell off a truck. Only use one purchased from the manufacturer or one of their authorized dealers. Consider yourself warned.
We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick and read this short guide, please: **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting. Now, don't buy a fake Bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill or LN Pizza [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
BRO YES. that’s like the only risk fam. Throw it in the nearest body of water immediately. Do NOT let that device enter your home. It could be scraping your network and devices as we speak if it’s been modified
It's not even a very complex "coin toss". The process is simply: 1. Pick a random 32 bit (4 byte) number. 2. Using a pretty simple computation, combine that 4-byte random number with the other 76 bytes of a valid block header. 3. The result of that computation will always be a 256 bit (32 byte) number. 4. Compare that 32 byte result to the current difficulty target number. 5. If the result of your computation is less than the target, you get to broadcast the block which pays you 3.125 BTC plus transaction fees of all transactions in the block. 6 if the result of your computation is NOT less than the target, go back to step 1 and try again. (The calculation in step 2 is called SHA256. There are videos and blogs that show how to do it by hand with pencil on paper. It isn't difficult, but it has a lot of steps and one mistake results an a completely invalid result. A computer, or ASIC, can do it VERY fast. The best ASICs at the moment can do about 235,000,000,000,000 of them every second. The average human can probably calculate one SHA256 result by hand in one to three weeks).
NO ABSOLUTELY NOT A 0.01 BTC UTXO is ideal for sending to a cold wallet because it balances fee efficiency, spending flexibility, and future usability. Smaller UTXOs help optimize transactions by avoiding high consolidation fees when network costs rise, ensuring they remain economical to spend. They also provide better control over transaction size, preventing dust issues while allowing for precise spending decisions. As Bitcoin's price increases, 0.01 BTC remains a practical unit for future use without excessive fees.
you don't see the contradiction in listing random shitcoins and letting your customers sack with the bag and then a sentence later saying "oh but as long as their reserves are OK and they are compliant, its all good bro"? Shitty shady greedy exchanges that launder money through lithuania are guaranteed NOT compliant, NOT solvent and NOT fair. Point being, you are an absolute donkey if you trust a company like this to hold your money on their wallets.
DO NOT use any open box cold wallet.
**Fake news**. link or deletion? come on, this is NOT the place or time for jokes.
> I’m especially confused that the price is so low since the trump admin sounds like they want to buy crypto and the price still hasn’t budged much Just for clarity, the Trump admin has issued an Executive Order saying they will NOT buy crypto, but may sell it. The same order said they will not sell Bitcoin but may buy more. Eth is dying gradually (but the end will come suddenly).
Try a grammar class if you're feeling that lost... LOST NOT LOSSED BTW theres no such word
but alts can give u -99%, btc will NOT, i can confidently say
DeFi is a bullshit scam narrative from the Summer of 2020. DeFi is ScamFi: - Essentially a Shitcoin Casino. Leveraged plays, trading shitcoin tokens, earning yield on shitcoin tokens, providing liquidity on shitcoin tokens. NOT FINANCE - Every player like, MakerDAO, AAVE, LINK etc, is COMPLETELY CENTRALIZED - There are NO real life financial products like life, home, health insurance, mortgages, home equity loans, car loans, personal loans without massive collateral, commercial loans, etc. Again, shitcoin trading, yield farming, etc is NOT FINANCE. - Then you slap some scamified metrics like TVL based on scam tokens locked up to make gullible fools believe real capital is locked up instead of vaporware scam tokens.
I'm at 4% minimum gain per day. That's just futures trading though. There's a lot of risk. Futures are NOT for everyone. But you can gain BTC without spending any cash. If you try it, I'd recommend using like $10 and try to double it. When you can do that reliably, scale up.
First thing: DO NOT REPLY TO ANY DM's I can share a plan here not in DM lol. Just tell me your country and after tax net amount.
To a degree yes. But with stocks have fundamentals. Fundamentals in investing are based on PE (Price to Earnings), revenues, future growth, return on equity, profit margins, the economy, interest rates and other financial data to determine the fair market value of a company. If the price tanks low enough, it will scream buy because PE will be low enough especially if it's a growing company. Crypto has no such fundamentals. It's based on speculation that the price will go up because of demand, macro conditions, hedge against inflation, etc. This is true for Bitcoin. This is also true for Gold. This is why Warren Buffet doesn't invest in Gold -- he does not touch speculative assets. The problem is crypto investors financially illiterate and think their shitcoins have utility and fundamentals. You will often hear illiterate crypto bros saying, the price keeps tanking but I am buying more because the fundamentals are still intact, the tech is great, etc. Technology, Scalability, TPS, Energy Efficiency, Network Security, Decentralization, Feelessness, etc all these attributes that crypto investors keep pointing to as fundamentals are NOT fundamentals. And yes, the mETH Head brain rot mantra of Triple Halving, Supply Crunch, RWA are all meme narratives and NOT fundamentals. If you try to value ETH in terms of PE ratio, it would have something 130+ PE ratio. For comparison, the S&P 500 has like a 25 PE ratio which is considered historically overvalued. High growth companies like Amazon and Apple have PE ratios in the 30s, NVDA an ultra high growth company right now has a PE in the 50s. Only meme stocks like GME have PE ratios in the 130s. **So ETH having fundamentals is a Meme.**
Lmao so hostile, I will repeat it once again and hope you finally catch it because it looks like you are fightning people in your head I’M NOT CLAIMING TO KNOW IT, I LITERALLY SAID I DONT KNOW WHY
You can’t afford NOT to buy bitcoin.
>isnt this a fundamental flaw of bitcoin that IT DOES NOT HAVE "CONTROLLED" INFLATION? Bitcoin not stealing from anyone who holds it (the opposite of the dollar and other fiat currencies) isn't a flaw, it is a feature. "The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” Satoshi Nakamoto
i have heard michael saylor and btc maximalists talk about inflation in such a bad light that i started to wonder about as to why it happens and how is it so wrong? but all the economists be it left wing or right seem to say a controlled inflation is a good thing.. so regarding that.. i agree that usd inflation is outta control but does that mean we have to buy btc that doesnt inflate at all? cz the michael saylors of the world and blackrocks and vanguards of the world dont care 2 sh\*ts if it goes up or down or sideways they're literally either playing with investor's money or your pension money.. so if inflation is necessary and those economists are right.. isnt this a fundamental flaw of bitcoin that IT DOES NOT HAVE "CONTROLLED" INFLATION?
Wrapping in an envelope with big letters "DO NOT THROW AWAY" on both sides helps.
"oh no! My crypto is ALL gone, AND everything went up. Everyone needs to know this. It is NOT like a boating accident at all"
No matter what you choose, do NOT buy any asset all at once. Steady buys over time.
Definitely DO NOT buy now and sell in a year or two unless you want to lose money. . Imo if you buy now you should be willing to wait close to 4 years. You could buy now and profit in a few months.. it or could go down. The only way to be pretty sure you will profit is to be willing to wait 4 years, or wait for the crash that could be a month away, or 6 months away then buy and wait for the next bull run (late 2028).
I think you should do some more research on cryptocurrencies OR buy a broad based stock market index fund (eg All World Index, S&P500, Stoxx600) instead of crypto. There's plenty of scams and dodgy platforms about, and being uninformed will likely cause you a lot of pain or to sell at bad points. There's no such thing as easy money. The era where you buy $100 of BTC and come back to it a millionaire is almost certainly over. I'd also recommend "dollar cost averaging" where you buy a little each month instead of large lump sum purchases as this makes you less dependent on timing the market. If you're insistant on buying crypto and want easy buys, you're best with BTC or ETH. Both are currently at one of the lowest points they've been since the US election (Nov 6th), and are considered staples of the industry so carry less risk than smaller tokens. Personally I think both have some growth room to the upside, but there are bear market fears you need to realistically account for, it's possible that money you put in today won't be liquid for three or four years (you could spend a long period at a loss if the market turns). Do NOT under any circumstances touch memecoins, anything to do with celebrities or anything a youtuber recommends. They pray on your ignorance. Don't let "get rich quick" lure you in, the only people getting rich are the insiders (see Hawk Tuah scandal). I've chosen to advise what I think is in YOUR best interest, instead of what is likely to be upvoted.
Would it be wise to plant a tree today? >and would like to learn a lot We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick and read this short guide, please: **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting. Now, don't buy a fake Bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill or LN Pizza [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
It’s “your”, NOT “you’re”. Just saying 😂
Cuz they can't. There's things they can do regulation wize but they can't just stop it. Its decentralized. They don't "print it", you really need to learn more. They mine it. Like gold. Except there's a catch. They predetermined how much could ever be mined. So as if Noone can find a new deposit of unknown gold worth billions or trillions. Gold is money, NOT CURRENCY. BTC is digital gold that has a capped supply. It is the hardest money ever created, and throughout all of human history the hardest money always wins. ALWAYS.
Obviously, I did, and I questioned your ability to actually read and write. Oh, by the way, you also WROTE 1/10tb… and NOT 1/10th, like I did, because I PAY ATTENTION TO “what I read and write”. Obviously you’re a troll and don’t take any constructive criticism OR RESPONSIBILITY for yourself.
The mistake mETH Heads make is believing ETH's value is based on utility. It's not. ETH's value double speculation: 1. BTC price has to go up (ETH has a historical Correlation Coefficient of 0.96 to BTC) 2. BTC profits and money/hype brought to the market has to move to ETH (it doesn't always flow to all alts) ETH only hits new ATHs after BTC hits tops/local tops and profits flow to Alts. - Summer 2017, ETH hits ATH of $400 after BTC hits local top of $3,000 - January 2018, ETH hits ATH of $1,400 after BTC hits cycle top of $20K - May 2021, ETH hits ATH after BTC tops out in April 2021 - Nov 2021. ETH hits ATH in December after BTC tops out in November 2021 > arm processor, oil company... ETH is NOT a microchip. ETH is NOT oil. It's not essential. Nobody needs it. Nobody is buying it. Nobody really besides crypto degens use it. At best, it's utility is cheap rails for stablecoins. As I tried to explain the mETH Heads many times > ETH is a Network Utility Token. That is all ETH is. It's competing with a many competing network utility tokens and many networks and L2s. These networks are increasingly going to be rails for stablecoins and such (97% of RWA are just stablecoins) and in order for the network to remain competitive they need to remain cheap. https://np.reddit.com/r/ethfinance/comments/1gq6ahm/daily_general_discussion_november_13_2024/lwyql0m/
> BTC will lose its market-cap dominance to competitors; this is inevitable. A purely speculative asset such as BTC cannot possibly compete with the utility of real functional blockchainsJustin Bons is having a dig at BTC - Justin Bons 2 Problems here: 1. Room Temperature IQ Regarded Crypto Influencers 2. Even Lower IQ Regards who listen to them Facts: 1. BTC has gone up 30% or close to ~1/2 Trillion since 2021 2. Total Alt Marketcap (excluding BTC and Alts) has shrunk ~50% since 2021 The idea that BTC has competitors or is losing it's dominance is utter Shitcoiner Delusion and utterly detached from what is really happening. | | 2021 | 2025 | Δ |:-----------|------------:|:------------:|------------:| | BTC | $1.23 Trillion| $1.63 Trillion | 32.52% | Stablecoins | $0.11 Trillion| $0.24 Trillion | 118.18% | Ex.BTC/Stablecoins | $1.52 Trillion| $0.80 Trillion | -47.42% | Total Crypto | $2.86 Trillion| $2.63 Trillion | -4.55% Yes, BTC is a speculative asset. Yes, so is Gold. But Shitcoins like ETH, SOL, XRP, ADA, etc etc are much worse than being speculative. Not only is their value NOT based on utility but historically, the Correlation Coefficient between BTC and a shitcoins and BTC is typically between 0.77 to 0.96. ETH for example has a 0.96 Correlation Coefficient. Shitcoin price movement and price appreciation is 100% dependent on BTC. There is no such tight correlation in any stock with a decent marketcap. Assets that have value in and of themselves don't have this level of correlation -- meaning shitcoin value is entirely reliant on the speculative nature of BTC that the regarded low IQ Shitcoin Influencer is criticizing.
Just so we are clear, they are both trash and entirely constructed — BY US. YOU DO NOT NEED TO JOIN A TRIBE.
Coinbase is NOT breached. Just to be clear. :) Just a scam like any other indicating they are from a popular business/company that people typically would freak out and fall victim to.
Not your keys not your coins. When will people like you learn that Bitcoin is a bearer, consensus defined instrument? Advice like yours is a danger to yourself and others. Bitcoin was explicitly designed NOT to be held by third parties!
SEC NOT IRS. Thers IS also a difference between being a useful idiot promoting a product and actually being involved with malicious intent along with the devs/creator of a coin to profit off a rugpull.
No. Bitcoin is extremely volatile and while I definitely do advocate for people buying it, NOT on loaned money. You'll be WAY WAY WAY better off just adopting a DCA strategy and buying a set amount of Bitcoin every week or month, whatever you can afford to lose. No one can predict what Bitcoin will do; it's already breaking from previous cycles. It's much lower than it should be right now, and further, it could drop even more soon. Please don't get yourself hurt by borrowing money to buy Bitcoin. It could pay off, but the risk is that you lose a lot of money and that's bad for everyone because the more people who lose out or make mistakes, the less adoption we will see as people turn away thinking it's too difficult or too cumbersome taking control for themselves. The general rule is this: don't overextend yourself and be smart with your money. We have to know that our human emotions will cause us to do the wrong thing at the wrong time. So take human emotion out of the equation and DCA so that you don't mess up and lose out.
You are correct. Try using BlueWallet on your phone instead to generate your private key using a mnemonic seed. Do NOT use any website or application on your computer to generate a seed. Electrum can do it, but I wouldn’t trust any PC to be free of viruses. You’re way more likely to have a clean phone.
No. They’re not. Trump is a convicted criminal. Biden is NOT. Obama IS NOT. Harris IS NOT. Clinton’s ARE NOT. And even if they WERE, there are levels of corruption. A kickback is not the same as the president of the US using his powers to launch a crypto rugpull. Biden keeping a box of files in his garage is NOT THE SAME as Trump stealing hundreds of files and keeping them in an unsecured location NEXT TO A PHOTOCOPIER. YOU need to wake the fuck up.
Yes, I know you didn't say it's fraudulent - I'm telling your it's fraudulent. Have you still not understood this? Rug pulls are fraud. It's illegal. 90% of the crypto market is committing fraud. Welcome. Now lets stop allowing people to commit fraud and start trying to make crypto currency function as actual currency rather than a tool for wealthy individuals to commit more fraud to enrich themselves. Fraud - wrongful or criminal deception intended to result in financial or personal gain. That is how most crypto currencies are currently functioning. That is why we need regulation. It is NOT speculative investments because by definition crypto currency is not an investment; it is a currency. Educate yourself on finance before you "invest" in something that is not an investment.
Well and truly ripped off! I just will never understand how people can throw money into something the DO NOT understand and still call it an investment…? And investment in what? You don’t even have a clue what you’ve bought… lol it’s absolute insanity
Reminder that /u/IcyDragonFire predicted that from here on out we’re going on a continued downtrend. “2025 is NOT 2022. Bitcoin has reached its peak awareness already, and expecting it to recover like it did in 22 is mostly cope. There’re very few buyers left; it’s gonna be a downtrend from here.”
A crypto hardware wallet is a physical device designed to securely store the private keys of cryptocurrencies offline. Unlike software wallets that are connected to the internet, hardware wallets provide an extra layer of security by keeping the private keys isolated from potential online threats like hacking or malware. Check out Trezor hardware wallets. IMO, they are the best. Also, always make sure you buy directly from their website and NOT Amazon or some other 3rd party website. Trezor’s website has a ton of resources and info that should further answer your questions and show you how the Trezor wallet works.
> Bitcoin never was "digital gold", and never will be. Found the mETH Head scammed by Triple Halving Trolls who led him to believe ETH was something special and had fundamentals. > BTC is no more a store of value than Pokemon cards. https://np.reddit.com/r/ethereum/comments/1i10eon/daily_general_discussion_january_14_2025/m72ttj4/ > BTC is a useless memecoin on #1 mcap. https://np.reddit.com/r/CryptoMarkets/comments/1isnt80/btcsol_split/mdi402x/ > BTC is a useless memecoin, while Ethereum powers the actual crypto revolution. https://np.reddit.com/r/CryptoMarkets/comments/1ix1deu/should_i_invest_more_on_btc_than_alt_coins/meiospp/ mETH Heads, Money/Value is a social construct. BTC is just not like every other blockchain. **It's NOT the tech.** It's a monetary principle and idea that has been adopted. Bitcoin has achieved that whether you like it or not. We're not going to get a new blockchain with better tech that comes around every 5 years and replaces the one that came before it. It's NOT the tech, BTC is a monetary social construct that has been embraced by even TradFi and Wallstreet. You can improve your shitcoin meme tech all you want. Newer protocols will be created that will continue to improve on protocols that exist today. It doesn't matter. BTC has already won. mETH Heads please listen to your Emperor Vitalik who already realized what your small brains do not in 2015: > The existence of other more powerful blockchain technologies and the fact that even better ones will continue being developed, bitcoin's best chance right now may well be to keep its block size limited and target the niche of digital gold. - Vitalik 2015 https://np.reddit.com/r/ethereum/comments/380q61/i_know_this_may_not_directly_be_ethereum_related/ mETH Heads please listen to your Emperor Vitalik who realized this in 2018: > I actually agree Bitcoin is better than gold as an SoV - Vitalik 2018 https://x.com/VitalikButerin/status/981072307056553984 And finally mETH Heads, I want to remind you that historically, the Correlation Coefficient between BTC and ETH 0.96. ETH movement and price appreciation is 100% dependent on BTC. There is no such tight correlation in any stock with a decent marketcap. Assets that have value in and of themselves don't have this level of correlation -- meaning **ETH has no fundamental value of its own besides the money and BTC brings to it.** Since mETH Heads are suffering from brain rot after listening to scammers from Bankless, reminder that these are meme narratives and NOT fundamentals:** - Triple Halving - Supply Cruunch - Burning Deflationary coin - Ultra-Sound Monies - Technology, Scalability, TPS, Energy Efficiency, Network Security, Decentralization - DeFI - Scam narrative. Not decentralized. Not Finance. There are NO real life financial products like life, home, health insurance, mortgages, home equity loans, car loans, personal loans without massive collateral, commercial loans, etc. Just Shitcoin Casino trading and leveraging. - TVL - Scam metric. Locking shitcoin scam tokens, earning yield on shitcoin tokens, providing liquidity on shitcoin tokens. Scam Scam Scam. - RWA - ETH is -50% since mETH Heads with brain rot started shilling this narrative of small pilots and tests across blockchains that has no impact on speculative coins that already have hundreds of billions in valuations.
2025 is NOT 2022. Bitcoin has reached its peak awareness already, and expecting it to recover like it did in 22 is mostly cope. There're very few buyers left; it's gonna be a downtrend from here.
Depends on your interest rate. Mines 3.25% and after further research I realized that I should NOT pay any extra towards the mortgage since it's such cheap debt. The principal amount will be worth much less than I paid for the house at that interest rate
DO NOT SPEND ALL YOUR MONEY! Invest in Gold stocks, wait 3 months, sell some gold stocks for Bitcoin when they have grown. It's a good strategy. When bitcoin rizes and your ready to sell it, put it back into Gold. Repeat
Thailand sent Uyghurs to China recently, let’s NOT help them!!
Investing in Bitcoin over the long term is a risk-off play, not risk-on. NOT investing in Bitcoin long-term is taking a risk.
Obviously all we have are our opinions and historical data. Having read "The Bitcoin Standard", I see the seemingly obvious upside only for Bitcoin...we're in a digital goldrush, the macroeconomics now will help the future of this asset class skyrocket to new heights and I believe it's far riskier to hold cash and NOT to have exposure to BTC. It's almost ignorant not to have your assets spread out (real gold is an excellent form of money as well). But to think that you need "rovue states" and criminals to keep a thriving network alive is simply untrue. BTC works because everyone has the consensus that it a currency (and quite frankly, the best form of salable money over time that humanity has ever created). BTC will inevitably be worth multiple millions of dollars comparable to FIAT (in due time)...but your sentiment that "the reality of crypto" has become apparant to most people is a very vague statement, what do you mean by that precisely?If it is that "crypto is a pyramid shceme or a scam or not real money"...that thought process has been expressed numerous times and in a slew of different ways, yet BTC has proven it wrong every single time. I have zero concern for BTC's future (prior to Quantam PCs being able to hack all that we know).
This sub and most of the crypto sphere have been completely brainwashed with shilling into believing these two are some special assets: - ETH - LINK They are NOT. So /r/cc is going to be wrong about any future predictions. They both behave like typical Alts with a parasitical dependency on BTC with a high correlation coefficient having no fundamental value of their own and can only hope that BTC takes them on a ride higher if it goes parabolic. The big difference of course, is that ChainLink is a complete scam and I pointed this out again as gullible noob was posting some this gibberish scam narrative that Sergey Scamarov was spitting out on YouTube: > "what is the status of the real estate? Are there any tax liens? Is there any debt? Change of ownership? As the status of the real world asset changes, you should have a real world update to the on-chain token....You go from not a 1-month window of verifying an asset but to a few seconds window....The way to do that is to make a connection to what's going on in the real world and what's On-Chain by creating an Unified Golden Record"* This SCAMMER. A degree in philosophy, no technical background, no background in finance, hasn't held a real job his whole life and has no real world experience in anything. But **he's building magical oracles that will have Data Containers containing an Unified Golden Record will know within seconds everything that's happening Off-Chain in the Real World!!!** https://np.reddit.com/r/CryptoCurrency/comments/1jlb8bb/chainlink_is_now_working_with_the_federal/mk2t3ac/
>No. I also don’t hold bitcoin for the same reason. Not holding a coin based on dex volume makes zero sense to me. >Usage of XRP as a bridge currency is supposedly demand neutral. Not usage, ODL is demand neutral, not the usage of XRP as a bridge currency, ODL transactions are demand neutral because they constitute a small fraction of the overall XRP market activity and do not significantly influence its price. >So the value is in the number of transactions and the fees are revenue. Value is determined by more than those two variables, that is like saying Nike’s value is the amount of shoes produced and the revenue generated by their sales. The value of XRP comes from many things, - Utility in Payments - the ease of which payments can be made and the rails and on/off ramps available - Liquidity - liquidity is the King of all markets, all of them, and the XRP liquidity available is mucho - Ripple the company and their Partnerships - 1,200+ employees in 6 offices on 4 continents with strategic partnerships, an example would be their Payment license in Ireland which allows them access to all EU countries - Scarcity and Supply Control - people who bag on Ripple as dumping on the market are the ones who do not understand why the escrow was established and the unlocking and re-locking - Network Effect - one of the oldest chains, the first chain to have a dex, the support the chain has from companies who invest in the XRPLs growth using grants for projects and startups - Speculation and Investment - refer to my Bloomberg TV+ comment - Decentralization - those who think Ripple = XRPL and XRPL = Ripple are those who don’t understand Ripple did not create the XRPL or XRP, they own no IP or patents of the XRPL or XRP, they do not own the trademark of the XRPL and XRP, the chain is an open source network that is decentralized, some equate XRP ownership as decentralization, bit when asked to show how someone can reverse transactions, censor a user from the network, create more XRP, force code update on the network, or doublespend…… they can’t. - Regulatory Clarity - the value of this one alone is more than the 150 million spent defending against the SEC and the 50 million fine they paid. XRP is the only coin with clarity coming from a Federal Court, XRP in and of itself is not a security. The value this brings for institutions, both domestic and global is what we will be seeing over the next 1-3 years. >Am I making sense? I want to revisit market cap Here are the reasons why I believe market cap is a meaningless metric for a commodity like XRP, these reasons are why market cap should not be used as an indicator for the health or growth of a blockchain or it’s native layer level 1 token. • Market cap doesn’t = value - All that happened was more investors were willing to pay a higher price. In the vast majority of cases, no underlying value was added to these assets, did the network get more users, launch a new technology, or achieve more mainstream adoption? • Market cap only reflects the last transaction price - it assumes all sellers, buyers, and even all holders, including those that aren’t selling or buying, are at the last transaction price. • Circulating supply is over accounted - The problem is that it’s hard to tell how much of a coin or token’s supply is available for trading at any given time, and coins lost or unavailable are NOT excluded when calculating market cap (multiplying the circulating supply X last transaction price) • Market cap doesn’t represent real money invested - if the market cap rises or falls by $100 million, it doesn’t mean $100 million has entered or exited from the asset, in no way helps in understanding the value. Price represents what actually occurs as a result of specific supply and demand conditions, while value is an economic concept that equates all potential future benefits. Square peg, round hole.
Why don't you look to learn something about it rather than listen to a bunch of idiots online? And no, you're 100% wrong. Crypto is NOT "Just buy something and hold onto it and it's worth more later" Whoever told you that is an idiot. People like you, lose your entire life savings to guys like me whos job it is to take it away from you because you're unwilling and too lazy to learn anything.
Do you really believe that your IRA will appreciate more than Bitcoin from now until you retire? Holding derivatives ("paper", ETFs, etc) is NOT equivalent to holding in self custody the actual asset. Tax liability where I live in the US only occurs when you sell for a profit or loss. Who knows what the rules might be in 10 or 15 years?
NOT TO INVEST THE ONLY $350 YOU HAVE ALLOWED FOR INVESTMENTS INTO BTC. He/ she obviously needs money with 1-5 years. Even if/ when BTC hits $1M, their investment would be $1300.... Shit, that would last me 1 day Y'all need to be more realistic when someone who isn't able to invest tens of thousands of dollars. I would never suggest it to someone, who has only $100, who can't DCA....to invest into BTC - no apologies! If so, their great great great grandkids just might have $40,000, smh
"laymen" adopting is GOOD so long as they stay the course! No one needs to know crap other than to hold on for dear life! DO NOT SELL! In fact BTC NEEDS a few good dunks to shake out the riff raff before the lunar launch window!
>Selling Bitcoin you fairly mined https://github.com/XRPLF/rippled/blob/ffd453f7dd091b0499fd6ab964880c8268deead4/src/ripple/app/misc/NetworkOPs.cpp#L852-L854 the genesis blocks private key which contained the initial 100 Billion was in the public code base. what is more "fair" than anyone can take any amount they want? >NOT the same as premined/founder XRP Ripple is not the founder of XRP. it existed before the company (Its original name was XNS) these unlocks have nothing to do with the founders at all. https://github.com/XRPLF/rippled/commit/f0e3383856a8923e55b0f10e7822de9031b7159e The code is public, you can just look for yourself. >which are completely centralized The "unlocks" are centralized??? what?
Except that the miners are in it only and only because they get PAID and are NOT a constant that is bitcoin exclusive , meaning they can and will jump ship overnight once it’s profitable for them to do so Your argument is like saying that Tesla is so valued and better than any other electric vehicle just because it was first and because it has dedicated engineer team . And because of that Tesla is the only legit electric car and should cost 200 times more than , say Rivian…. Being first doesn’t make it better than the competitors and the engineers can jump ship if someone else offers them more money to do the same job. Bitcoin has such a dedicated miner community only and only beucase its price is miles above any other coin and thus it’s the most profitable . That can change overnight with a single tweet from the right person … in fact all that would take for things to turn around 180 degrees is Trump deciding to tweet something like “ after careful research I decided to make Bitcoin cash/ Litecoin/ Doge the official USA backed cryptocurrency and will be buying 20% of its total supply and put it as a strategic reserve in the USA treasury “ If he does that all these miners you are saying that makes Bitcoin so amazing would all be switching ship within hours , Bitcoin price will immediately crash leading to more miners quitting and whatever the chosen crypto is will surpass Bitcoins market cap within a month or two This strategy however won’t work if he tries to replace gold and a tweet won’t ever be enough to make gold price crash and people to swap to something else instead
Lol, of cause US will NOT be actually buying it, only morons are expecting that to happen
STOP LISTENING TO YOUTUBE AND TWITTER "EXPERTS" - THEY ARE ALL BROKE AF AND MAKE MONEY OFF ADVERTISING, NOT ACTUAL CRYPTO. Seriously - if you have conviction in BTC, continue to stack sats and quit worrying about what others say or any other noise. YouTube and Twitter "gurus" are fuckin' morons.
Selling Bitcoin you fairly mined is NOT the same as premined/founder XRP unlocks which are completely centralized and constantly dumped on clueless retail lmfao
Today is March 27, 2025. The price at the moment is just about $87,000 What was it exactly a year ago? $70,000 That's nearly a 24% increase. A year before that? $28,000 So, a 150% increase from 2023 to 2024? How about March 27, 2020 (as Covid was creating havoc in the world)? $6,800 And a decade ago, in March of 2015? Less than $300 Are you trying to suggest that large scale purchases have NOT caused the exchange rate to increase over time? Even if many of those purchases happen outside of retail exchanges, they still remove those bitcoins from the market so that the few that remain on retail exchanges become more valuable/expensive. Additionally, there's a hard limit to the total quantity that exist. Eventually, there isn't enough left outside retail exchanges, and if they still want some they'll have nowhere else to get them.
Congratulations. You just learned the 1st rule of crypto: * Don’t buy shitcoins. The only people that make $ on shitcoins are devs, insiders & maybe sometimes the few who got super lucky. IMHO newbies should stick with the blue chips like Bitcoin, Ethereum, Chainlink, etc. until you have the time to learn about crypto & the basics of trading/investing. & never invest more than you can afford to have tied up for at least 4yrs. Other rules you need to follow: * Ignore DMs. Anyone that tries to talk to you privately about crypto or finances is trying to scam you. * Only use well known exchanges. Anyone trying to direct you to some obscure site is trying to scam you. * Never give anyone your seed phrase. * If you see tokens in your wallet you didn’t buy do NOT try to sell them. 99.9% chance you won’t read the contract & it will drain your wallet. * Always double check the wallet address you’re sending to.
op is stupid. why are they always reporting on this every month as if it's a new thing? FRONT PAGE NEWS OMG THIS IS NOT A JOKE
“Which who realistically thought that was even possible”. So are we supposed to take Trump on his fucking word or not? I am so tired of you fucking people. IF Obama said that you’d fucks would NEVER stop, relentlessly call for him to be impeached or resign. Trump does or says anything and you people DO NOT CARE. This song and dance has gotten so fucking old to anyone with more than 2 brain cells to rub together.
NOT NEWS...They do this every month.
Certainly shouldn't have to answer what its for, then if that's not being treat like a child enough they ask him to prove it when he answers. ITS HIS GROWN ADULT ASS MONEY NOT THERES. It makes me so mad and its not even me in the video. But i have felt this crap before with banks. Once you gove it them they may just try hard to steal it asking you what you want it back for. Mobsters in suits.
This is not a good idea. Even if we assume that Bitcoin is going to go up (which, I cannot stress enough, is NOT a guarantee), it still goes through wild fluctuations. Let's say you have a car repair that costs $3000. If bitcoin is up, that's great. But if bitcoin is down, you're going to pay more SATS today than you would a week from now once the price is up again. Think of that guy who bought a pizza for 10,000btc in 2010, just on a smaller scale. Now that same amount of Bitcoin is worth hundreds of millions, but he spent it on a pizza.