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Why NOT coin join - because it might be a waste of time and effort if you have to sign an affidavit later saying you don’t have the bitcoin anymore and then they somehow catch that you do and you go to prison for perjury. And if you’ll never be in that position defending you don’t have it, then again, why bother. There’s different sites for non kyc, I haven’t looked to closely into it. If anyone was close to me I’d buy some and sell it to them lol I was even debating finding a site to advertise this. I can even run it through a few addresses. I don’t think there’s anything illegal about that, I’d meet them at a bank or police station or something.
>I honestly don’t know where to start. 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.
Even if the onus is on you to swear you don't have it anymore, why NOT conjoin? Also, how do you buy BTC off someone? I mean how do you find people wanting to sell peer to peer?
This is getting tiring. Are you really this bad at basic math? John wants to exchange 100000 ARS for Bitcoin. Your exchange says the exchange rate is 1500000000 ARS : 1 BTC, with a 0.05% fee. John trades 100000 ARS for 0.00006633 BTC, paying 50 ARS in fees. Julia wants to exchange 100000 ARS for satoshis. Your exchange says the exchange rate is 15 ARS : 1 sat, with a 0.05% fee. Julia trades 100000 ARS for 6633 sats, paying 50 ARS in fees. John paid 50 ARS to turn 100000 ARS into 0.00006633 BTC (6633 sats). Julia paid 50 ARS to turn 100000 ARS into 0.00006633 BTC (6633 sats). Using satoshis DID NOT cut the cost of commission fee. Using Bitcoins DID NOT make the price of the exchange higher. Using satoshis DID NOT cut the price for us and them to exchange their currency.
Well, all the other coins are scams so... Also, make sure not to leave your BTC on Coinbase. That does NOT contribute to the price and you do not own anything until you withdraw it. **Anyone reading this who doesn't want to hold their own keys; just buy the ETF so it actually affects the price positively.** Eventually, you WANT to have some in cold storage.
ETH is down -50% since the BlackRock BUIDL shilling started 1 year ago and people were talking about the number of transactions about to go down... > *"BlackRock unveils crypto fund first with $5 million minimum"* > And it’s right on ETH. **Can you imagine the number of transactions about to go down?** https://np.reddit.com/r/CryptoCurrency/comments/1bkm1u1/blackrock_unveils_crypto_fund_first_with_5/kvzup2u/ There have been 4,737 total transactions over 1 year. At the current rate, the transaction fees collected would something like $800. So all that Blackrock brought was $800 in fees for 1 year. https://etherscan.io/token/0x7712c34205737192402172409a8F7ccef8aA2AEc This is intended for institutions to self-custody assets. It's NOT trading. 75% of all trades all algorithmic, High-Frequency (HFT) trades. The last few years, there have been improvements in things such as hollow-core fibers to try to improve systems by nanoseconds for trading systems to gain advantages. Do you know what a nanosecond is? A nanosecond is a billionth of a second. What blockchain can process transactions at that speed? Assets that are intended to be traded need to be available to be traded at these speeds, *there isn't any blockchain that has anywhere near this type of capacity.* The idea that all world assets are about to be tokenzied and massively traded on blockchains is hopium. > Why do you think Blackrock avoids any and all mention of ethereum, despite being it's current most worked-on asset? Because Ethereum is just a rail for tokenizing for institutional self-custody. They are not endorsing ETH as an investment. And since a year ago, Blackrock has put BUIDL on Aptos, Arbitrum, Avalanche, Optimism and Polygon. And Blackrock is not building anything on any of these blockchains. It's just tokenizing assets for institutional self-custody and these blockchains are just rails not investments.
Price is NOT related to utility, lol. They are wildly uncorrelated. Price is 100% based on perceived future demand value, right now. Any utility narratives are anecdotal or PoC only. The price is all speculation.
I personally watch the highest buy levels check where it sits all time. Then I look at the volume. NOT MEME TOKENS. If it's at or near ATL I take the shot with a grand. Been doing pretty well the last 2 weeks. Got to use limit orders and pay attention!!
XRP has $50 million TVL in its DeFi system. Ethereum has $80 billion, or more than 1,000x more. You also seem to be completely unaware of how decentralized consensus is established. 30 trusted third parties agreeing to run a ledger together is NOT decentralized consensus. The only thing XRP has going for it is massive amount of hyping by concentrated interests who own billions of dollars worth, and you're an example of a person who's bought into the hype.
Sorry bro... There are NOT a ton of people with 10, 20, 30 etc etc... 😂🫣🙄
> Can bitcoin natively handle Stablecoins As I have explained to mETH Heads, Bitcoin is not competing with Shitcoin Networks. If you still don't get this, you will continue losing money or at best it'll be a massive opportunity cost long term > ETHs value appreciation comes not from utility but like all Alts from capital and liquidity brought by BTC -- see point 1. Also, **in order to compete with other chains, Ethereum will have to scale and that has seen the rise of L2/sidechains which results in loss transaction fees and MEV tips essentially stealing value from ETH. This essentially turns Ethereum, Solana, BSC, Tron, L2/Sidechains, etc into competing networks for DeFi casinos and rails for StablecCoin transfers where they have to remain cheap or utility and users will move to competing chains.** BTC on the other hand has no competition. It doesn't have to scale, it doesn't have to become cheap, it doesn't have to keep advancing, it doesn't have to keep up with the competition because there is no competition. > *All this points are illustrated with ETH value is already being less than 1/3 BTC value from the summer of 2017 and continuing to trend lower over time. A short time frame of possible ETH out-performance if/when BTC goes on a big bullrun will draw short-sighted fools and their money who will over time watch with despair the falling ratio just as /r/ethfinance is doing so today.* https://np.reddit.com/r/ethfinance/comments/1f9ef5k/daily_general_discussion_september_5_2024/llmkgtm/ > Defi DeFI, TVL, etc are all scam narratives. It's not Decentralized. It's not finance. - 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.
Now drill down within that quote where I said to NOT USE multisig or if I said Multisig won't protect you from a wrench attack. Thanks.
I'm just surprised you really thought Trump would act like NOT a criminal since we all knew he was one from the start.
> None of this matters when Bitcoin has 0 dapps Are the Ethereum dApps in the room with us? There is NOT one SINGLE dApp on Ethereum that every day people need or can use. 8 years ago, Ethereum hype was shilling about Decentralized Autonomous Organizations (DAO) replacing corporations, creating decentralized Uber, Facebook, YouTube, Twitter, etc 8 years later, there is nothing like this exists and there is no indication that this is being built or will be built. Just VCs and Foundations dumping worthless money grab tokens. The only thing that has been built is Shitcoin Casinos like AAVE where you can do leverage plays, trade shitcoin tokens, earn yield farming shitcoins tokens, provide liquidity on shitcoin tokens and call this Shitcoin Casino DeFi although there is not single gwei of Finance and all the players like AAVE, MakerDAO, LINK are completely centralized. > "Decentralized Autonomous Organization" and theres a strong possibility that DAOs replace a lot of the world's biggest corporations...et's take a company like Uber. Uber is a platform that brings people who need rides together with people who have cars. To facilitate this interaction, Uber collects 20% of every ride. With Ethereum and blockchain technology, there is nothing to prevent a bunch of software developers from writing a dApp that creates a decentralized Uber. Instead of 20% per ride, transaction fees are paid to the network and the driver takes home the lions share of the transaction..theres a strong possibility that DAOs replace a lot of the world's biggest corporations. (from 2017) https://np.reddit.com/r/ethereum/comments/7jj1so/rethereum_i_wrote_this_to_explain_ethereum_in/ > Bitcoin...destroys the environment ETH Maxi shift in narrative from *"ETH will flip BTC"* to *"Don't invest in BTC it'll destroy the environment and its future security mechanism is doomed to fail"* COPE
Because MSTR and a lot of big buyers do NOT BUY spot. The buy OTC, or by direct negotiated wallet to wallet transfer. This doesn't touch the spot price or market. This is why when Saylor buys, the price doesn't really move at all. He isn't touching supply in the spot pool. He is buying a large batch via a negotiated order placed with Coinbase. Likely placed some time before purchase.
> None of this matters when Bitcoin has 0 dapps Are the Ethereum dApps in the room with us? There is NOT one SINGLE dApp on Ethereum that every day people need or can use. 8 years ago, Ethereum hype was shilling about Decentralized Autonomous Organizations (DAO) replacing corporations, creating decentralized Uber, Facebook, YouTube, Twitter, etc and Coinbase CEO Brian Armstrong kept tweeting all these apps that people would use every day would be decentralized. 8 years later, there is nothing like this exists and there is no indication that this is being built or will be built. Just VCs and Foundations dumping worthless money grab tokens. The only thing that has been built is Shitcoin Casinos like AAVE where you can do leverage plays, trade shitcoin tokens, earn yield farming shitcoins tokens, provide liquidity on shitcoin tokens and call this Shitcoin Casino DeFi although there is not single gwei of Finance and all the players like AAVE, MakerDAO, LINK are completely centralized. > I think most or many user generated content apps on the web today (stack overflow, YouTube, Facebook, Reddit, quora, github etc) will all get rebuilt on the decentralized web and every upvote/like/star/follower/etc will send real money to the creator of the content (from January 2018 Coinbase CEO Brian Armstrong after shilling BAT, ZRX, etc where investors have lost most their money) https://gist.github.com/travisbrown/ef999d98e9f79c05221bebb36563e3ec > "Decentralized Autonomous Organization" and theres a strong possibility that DAOs replace a lot of the world's biggest corporations...et's take a company like Uber. Uber is a platform that brings people who need rides together with people who have cars. To facilitate this interaction, Uber collects 20% of every ride. With Ethereum and blockchain technology, there is nothing to prevent a bunch of software developers from writing a dApp that creates a decentralized Uber. Instead of 20% per ride, transaction fees are paid to the network and the driver takes home the lions share of the transaction..theres a strong possibility that DAOs replace a lot of the world's biggest corporations. (from 2017) https://np.reddit.com/r/ethereum/comments/7jj1so/rethereum_i_wrote_this_to_explain_ethereum_in/ > Bitcoin...destroys the environment ETH Maxi shift in narrative from *"ETH will flip BTC"* to *"Don't invest in BTC it'll destroy the environment and its future security mechanism is doomed to fail"* COPE
> TVL in all smart contracts is estimated to be at $29B currently Educate yourself. TVL is a scam metric to make gullible fools believe real capital is locked up instead of vaporware scam tokens. Reminder that DeFI, TVL, etc is all a scam narrative - 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.
anyone who says HBAR....is crazy. It's the MOST bought token that doesn't move, but it's the best thing since sliced bread. NOT.
>very noob 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.
Why does the is NOT use the metric System? Here in germany we use , to separate a number from its decimal and use points to dots to make big numbers readable eg: instead of 1000000,4 we use the 1.000.000,4
This is not a good look Achow, not on you in particular, but on Core devs and specifically on the github moderation. I get that github is not the ideal place to be discussing non-technical things, but when a technical change is being discussed and pushed by someone who might have a conflict of interest, it is relevant to the technical discussion. I for one did NOT know about it, and it informs my opinion of this change. Removing OP\_return is not a small change, and the bigger the change the greater the scrutiny. As a Core user and node runner, I hope I can retain the choice to determine the size limit.
until BTC falls to rise I don't see the point you are making. BTC itself might not generate income in a trad sense but how is a property, an asset which will increase in value and BTC an asset that has yet to NOT increase in value not be similar? Property has a way to generate income by renting out the property itself. But renting and owning are two different types on income generator. BTC follows one of them. Nothing tells me BTC will stop increasing in value. At least not in my life time. which is maybe another 60 years.......
>basically beginners guide 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.
If he eventually buys more and gets a majority using his infinite money glitch, wouldn’t it NOT be defi anymore?
Right, so I am correct. You're getting confused with the strike fee purchase of BTC, NOT a fee for direct deposit. Both events, buying BTC from the app, or depositing your paycheck and then buying BTC automatically have that same strike fee. You're either confused or not communicating what you meant very well.
What the scammer is doing: They are telling you to buy EOS (a cryptocurrency) and send it to their wallet. They pretend you have to include a memo (a number like 99119741) when you send it. They lie and say you will get your money back plus a bonus after "processing." --- The truth: When you send EOS with a Memo to their wallet, you are sending your real money to them. You will NOT get anything back. Once you send it, it's gone forever. The "memo" is just how they track your payment. It's not something magical or needed for a bonus. --- Proof it’s a scam: They mention people making "$300" easily — this is fake. Scammers fake "success" stories in the comments. They use fake screenshots showing fake money being "earned." They try to make the steps sound "easy" and "risk-free" — this is a typical trick. They encourage you to send real crypto to their account — that's how they steal from you. They offer to take small amounts first to make you "trust" them, then scam you when you send a bigger amount. Notice they give their Bitcoin, USDT, and Litecoin wallet addresses in the comments to collect tips — more theft.
This is *NOT* going to end well.
Yeah I know what shadyness you are talking about I was online Poker player and had pretty good insight into their past BUT we are talking crypto startups there is very little to no NOT SHADY AT BEGGINING companies. I used them and took a large portion out and only use them for "fun experiment"since all the celsius/terra/FTX stuff but in my eyes now they are pretty much too commited to be prestine clean given they hold it up together and enviroment is great for them to create very profitable company
The Bitcoin bull run is NOT over yet! I made a short video sharing my 3 favorite crypto bull run peak indicators so you know when to sell for maximum profits. https://youtu.be/_gCclzh5a_M
It sounds like a scam because it is a fucking scam. It's what we refer to as a "pig butchering" scam where they keep stinging and stinging and stinging and stinging until the victim screams out and just hands over everywhere just to get what they "believe" is "theirs", and the money they had, well it's now all gone. They kept handing over $1000 here and $1000 there and $1000 until they are left broke and destitute. That's what these fucking scammers want. They want the victim to believe that the money is "theirs" when in reality they've got it and are NOT going to EVER give it back.
They are not asking you for $1000 deposit. They are asking YOU to send THEM another $1000 so they can take THAT away from you AS WELL as everything you've given them in the past. In othe words, they want to fuck you over again for another $1000. What happens, pray tell, when you give them the $1000? Will they just keep asking for more? Will they ask for another $1000 to "really prove who you are" or some other fucking bullshit cover excuse or whatever they make up? You don't know the answer to that and you probably don't want to find out. They are NOT going to "let" you "access" what you believe is "your" crypto. That's gone, my friend. Gone. You gave them money and they kept it, and probably invested in crypto for THEIR benefit, and not YOURS. Then, to add insult to injury, they want to steal another additional $1000 from you, just as a bonus "fuck you". PLEASE DO NOT GIVE IT TO THEM!
You got fucked. Hard. I hate to be the bearer of bad news, but if you are from a developing country there are plenty of scam "exchanges" out there, these promise great "returns" but when you go to verify that the money is indeed yours, that's when it all falls down. You didn't store your tokens in a digital wallet. The wallet was not yours, but rather was run by some fucking scammer that took everything you had. Yes, these scammers deserve to burn to a crisp, but when you are investing in any platform you would have verified that the platform was secure and was not a scam. I hate to say this to you, but I really think you've been scammed. $1000 fee is a great deal of money, and the fact that they are asking you for this money seems to indicate that they believe you will actually send that money. Don't. What you should do is ask them why they want $1000. I don't think they will tell you the truth - that they are just going to rip you off another $1000 just to add an insult to an injury. Accept the loss and move on, I'm sorry this happened to you, but so many people every day are learning that cryptocurrencies are something that needs to be self-managed and self-custodied. Expecting even a legitimate exchange to keep your wealth secure is a big enough risk, but scams are everywhere and I'm afraid you've fallen victim to one. Do NOT give them $1000. Or you WILL lose that $1000 too.
Super easy... Buy Bitcoin. Hold it in your wallet. Don't sell. That's it. DO NOT study charts.
So there you have it, the general consensus is that Bitcoin is NOT a CRYPTOCURRENCY
Its what Bitcoin was supposed to be but SOLD OUT to wall street and the Government..NOT MY CRYPTO
Realize r/Bitcoin is a loooooooong term investment. Also r/Bitcoin is a very volatile asset…DO NOT sell the first time it dips. Just think of your r/Bitcoin journey as an extended voyage across a rather turbulent sea…learn to ride the waves but NEVER get off or sell the ship! 🚢
Now see, I'm all for Bitcoin cheerleading but this crap just hurts to read. This is NOT what bitcoin is about. It's not about FOMO advertisements, its not about achieving some arbitrary number to hit, etc. It's supposed to about independence from government controlled currency and having financial 'security' because of that. Having spending power via a method that can't be controlled or taken away from you from your government. There is no wrong time to join bitcoin and if you view it as the 'investment' band wagon you're selling here then you're completely off base. I understand that is how a lot of people view it, but it completely misses the actual purpose and I just think its BS to keep pedaling that fear mongering mindset. For Bitcoin to actually be successful long term it needs to start to become a regularly spent currency, and selling it like this with FOMO and HODL mentality is directly counter intuitive.
Very good. Just a coke. THIS IS AN EXAMPLE. NOT LIKE YOU SHOULD SPEND MORE SATOSHIS ON SODAS.
I swing trade alts for fun. Never btc. Anything is make on alts goes into my long btc position. Generally speaking if you do not have experience trading, do NOT start with crypto. Truly if you are not in a place where losing that money means nothing to you, don't day trade any index. You need to be building wealth on a longer timeline.
Next 4 months are NOT the time to sell. Hold till September then cash out
There's powsche... NOT your average (animal) token. About to take off...
Only keep in Bitcoin the money you are NOT afford to lose. So its all of them
You ask this in the wrong sub!! You will only get positive answers here. The only logical answer is. DO NOT GAMBLE YOUR LIFE SAVINGS FFS yes, put Money in btc. But not all of it. Ffs....
The quote is NOT from anyone at the Swiss National Bank. It’s from someone at the Bitcoin Initiative, which is advocating for a Bitcoin reserve. No nation should have crypto as a reserve asset. The problem is if you price credit (liabilities) or any asset based on the reserves, and those reserves go to zero, the whole country is screwed. It’s probably best to keep everything separate: DeFi stays out of tradfi.
do NOT answer any DMs !!! yes u can (buy Trezor and use Seed - super simple - trezor has good tutorials how to do it)
>Well IMO there is zero risk losing it all. BTC is NOT going to 0 period. It's a non-zero chance, but very low. Just like USD going to zero. Super unlikely despite current poor performance and volatility. I think there was only one period in all of its history that btc didn't see an investor get at least 50% return over a 4yr period, and **usually** that or better, over less than 24mths. Pretty much "*the only way to lose, is not to hodl*", for 2yrs or more.
"Risk of losing it all" all the contrary "invest in BTC the money you're NOT willing to lose"
Lesson learned for this noob. DO NOT use Binance. Glad I sent a “test” amount first… long story short I lost $8 because on their website they say my region (illinois) is good for depositing with a bank however now that im on the app it says it isn’t supported in my region. 🫠 Always send a test first y’all!
lol, Bitcoin is NOT programmable It's funny how prominent misinformation is in this industry
Well IMO there is zero risk losing it all. BTC is NOT going to 0 period. You lose if you sell.... You did the right move buddy!
Yes, you can get a Trezor and use that with the seed phrase (as long as it was 12 or 24 words) to restore your wallets. Do NOT enter the seed phrase on anything that can connect to the internet.
FYI - “your” bitcoin on the exchange isn’t really yours. It’s just a data entry. All those 500x leveraged fuckheads shorting BTC like it’s a casino? They sold your btc. Coinbase is collecting fees for loaning it to them. When fuckhead gets liquidated, Coinbase takes his money. But you don’t get a share of the profit BECAUSE ITS NOT YOUR BTC. Get it off the exchange. You work 2000 hours a year to earn cash to buy btc. Go spend 1 hour learning how to follow best practices caring for (preserving) your btc.
So whats the point if 99.73% will not have it/not use it? 0.27% of the people will use it or trade it for things in real world? Even make that only 2.73% can own 0.1, again at one point mass of people will NOT recognise it as something useful. The word is useful not valuable, cuz btc is already valuable but is it will be useful on world level as form of money and not just form of protection from the printer?
Ew you PEP freaks are disgusting for spamming your dogshit coin in this post that was totally NOT orchestrated PEP bag holders 🙄
Motherfucker you are NOT going to talk down to others trying to help you understand very basic concepts like this.
The obvious answer IS NOT Yes. Do not sell your BTC. When it reaches a million or well before, borrow against it at a very good rate, let’s say 9% and then let your BTC that’s gaining 30% annually pay the money back.
HODL till you die? Well that’s a little silly. If bitcoin goes to $10,000,000 per coin (hypothetically) you’re not going to take profits? Btc investing should be a means to an end. You use it to make money and move it into something like property, and that means knowing when to take profits (and also when to NOT invest like after a giant green candle)
O...kay you're being extremely vague so I'm going to go ahead and say you're a shithead Anyways my money was scammed from me by approval phishing, so yes it is the other guy's fault. TRY NOT TO BE SO GAY
The best way to promote bitcoin adoption would be to be honest about what bitcoin is and how it can be used. Bitcoin is: 1) A great long term investment (because it naturally maintains a supply shortage relative to demand) 2) A great way to quickly move large amounts of capital across international borders 3) A place to park capital that is difficult to seize 4) A good way to hedge against systemic financial collapse and counterparty risk Bitcoin is NOT: 1) A reliable short term store of value (due to high volatility relative to fiat) 2) A practical currency for low cost transactions (due to high fees, and fundamental inability of the protocol to scale up to large number of transactions to support frequent usage) 3) Anonymous or private (due to public nature of the blockchain and lack of KYC free options for buying or selling large amounts) Encouraging people to treat bitcoin as an everyday currency is an extremely harmful narrative that only hurts bitcoin adoption because it's based on fundamental misunderstanding of the protocol strengths and weaknesses. Instead, encourage people to invest in bitcoin as an alternative to, or in tandem with, other investable assets like stocks, bonds, gold, etc.
You DO NOT sell it all. Just what you need.
Lesson here is to NOT ever copy and paste address from block explorers
Definitely NOT the pepe shitcoin.
For the exact reason included in the above post. 3 holes in 1 year. BTC wallet drained. lost a lot on meme coins. Do I need to continue? Yes, you can be more aggressive when younger, and most people slowly make their investments more and more conservative as they age. That's NOT what OP is describing here. I guess my advice was the same you would give to an alcoholic. "I drink 10 beers a day, and my life is shit." Do you tell them to stop drinking, or try only drinking 4 beers a day? You tell them to stop.
Trezor. Ledger has had a data breach on two occasions where customer data was stolen, one was pretty serious. Ledger offers a private key backup solution. Sounds great right? This should NOT be possible b/c the whole point of a hardware wallet is to ensure the private key cannot leave the device. Ledger has a serious design flaw.
The user is fundamentally misunderstanding what "Cryptocurrency" does and this is evident from their take on encryption and re-encryption. However. The user is NOT talking about Bitcoin. Bitcoin is not Crypto. The user is talking about Crypto. It is true that cryptocurrency is a scam. It absolutely is. It is also true that the cryptocurrency markets are a losing proposition. Everything about "Crypto" is a scam. They should learn about Bitcoin instead.
Are we above $100k? When was the last time were were above $100k? Oh that’s right we were above $100k for barely a month before we crashed hard after tariffs were enacted So until we gave $100k as a floor we have NOT conquered $100k
BTC/XAU = y(t) = 0.015 . (1.85)^t Analyzing the BTC/XAU ratio provides a "scarce vs. scarce" perspective, potentially filtering out fiat denominator noise to clarify Bitcoin's underlying trend relative to Gold. Focusing only on the smoothed long-term average trend (ignoring extreme volatility and cycles), the data best fits an exponential function. Based on rough estimates (using an early 2013 start date and approximate late April 2025 prices), an illustrative model for this average trend is: y(t) = 0.015 . (1.85)^t * y(t) = Estimated average trendline BTC/XAU ratio (oz Gold per BTC) * t = Years elapsed since early 2013 * (b = 1.85 implies an average trend growth factor of ~1.85x per year for this specific period/estimate) The projected average trendline values for the Bitcoin price in Gold Ounces (oz/BTC) for the next three years are approximately: • April 2026 (t = 13.25): 51.5 oz/BTC • April 2027 (t = 14.25): 95.2 oz/BTC • April 2028 (t = 15.25): 176.1 oz/BTC --- CRITICAL CAVEATS --- * Illustrative Average Trend ONLY: Ignores real volatility/cycles. Actual chart differs drastically. * No Predictive Value. * NOT Financial Advice. This model isolates the severely smoothed trend; actual market behavior is dominated by volatility around this average.
BTC/XAU = y(t) = 0.015 . (1.85)^t Analyzing the BTC/XAU ratio provides a "scarce vs. scarce" perspective, potentially filtering out fiat denominator noise to clarify Bitcoin's underlying trend relative to Gold. Focusing only on the smoothed long-term average trend (ignoring extreme volatility and cycles), the data best fits an exponential function. Based on rough estimates (using an early 2013 start date and approximate late April 2025 prices), an illustrative model for this average trend is: y(t) = 0.015 . (1.85)^t * y(t) = Estimated average trendline BTC/XAU ratio (oz Gold per BTC) * t = Years elapsed since early 2013 * (b = 1.85 implies an average trend growth factor of ~1.85x per year for this specific period/estimate) The projected average trendline values for the Bitcoin price in Gold Ounces (oz/BTC) for the next three years are approximately: • April 2026 (t = 13.25): 51.5 oz/BTC • April 2027 (t = 14.25): 95.2 oz/BTC • April 2028 (t = 15.25): 176.1 oz/BTC --- CRITICAL CAVEATS --- * Illustrative Average Trend ONLY: Ignores real volatility/cycles. Actual chart differs drastically. * No Predictive Value. * NOT Financial Advice. This model isolates the severely smoothed trend; actual market behavior is dominated by volatility around this average.
BTC/XAU = y(t) = 0.015 . (1.85)^t Analyzing the BTC/XAU ratio provides a "scarce vs. scarce" perspective, potentially filtering out fiat denominator noise to clarify Bitcoin's underlying trend relative to Gold. Focusing only on the smoothed long-term average trend (ignoring extreme volatility and cycles), the data best fits an exponential function. Based on rough estimates (using an early 2013 start date and approximate late April 2025 prices), an illustrative model for this average trend is: y(t) = 0.015 . (1.85)^t * y(t) = Estimated average trendline BTC/XAU ratio (oz Gold per BTC) * t = Years elapsed since early 2013 * (b = 1.85 implies an average trend growth factor of ~1.85x per year for this specific period/estimate) The projected average trendline values for the Bitcoin price in Gold Ounces (oz/BTC) for the next three years are approximately: • April 2026 (t = 13.25): 51.5 oz/BTC • April 2027 (t = 14.25): 95.2 oz/BTC • April 2028 (t = 15.25): 176.1 oz/BTC --- CRITICAL CAVEATS --- * Illustrative Average Trend ONLY: Ignores real volatility/cycles. Actual chart differs drastically. * No Predictive Value. * NOT Financial Advice. This model isolates the severely smoothed trend; actual market behavior is dominated by volatility around this average.
BTC/XAU = y(t) = 0.015 . (1.85)^t Analyzing the BTC/XAU ratio provides a "scarce vs. scarce" perspective, potentially filtering out fiat denominator noise to clarify Bitcoin's underlying trend relative to Gold. Focusing only on the smoothed long-term average trend (ignoring extreme volatility and cycles), the data best fits an exponential function. Based on rough estimates (using an early 2013 start date and approximate late April 2025 prices), an illustrative model for this average trend is: y(t) = 0.015 . (1.85)^t * y(t) = Estimated average trendline BTC/XAU ratio (oz Gold per BTC) * t = Years elapsed since early 2013 * (b = 1.85 implies an average trend growth factor of ~1.85x per year for this specific period/estimate) The projected average trendline values for the Bitcoin price in Gold Ounces (oz/BTC) for the next three years are approximately: • April 2026 (t = 13.25): 51.5 oz/BTC • April 2027 (t = 14.25): 95.2 oz/BTC • April 2028 (t = 15.25): 176.1 oz/BTC --- CRITICAL CAVEATS --- * Illustrative Average Trend ONLY: Ignores real volatility/cycles. Actual chart differs drastically. * No Predictive Value. * NOT Financial Advice. This model isolates the severely smoothed trend; actual market behavior is dominated by volatility around this average.
BTC/XAU = y(t) = 0.015 . (1.85)^t Analyzing the BTC/XAU ratio provides a "scarce vs. scarce" perspective, potentially filtering out fiat denominator noise to clarify Bitcoin's underlying trend relative to Gold. Focusing only on the smoothed long-term average trend (ignoring extreme volatility and cycles), the data best fits an exponential function. Based on rough estimates (using an early 2013 start date and approximate late April 2025 prices), an illustrative model for this average trend is: y(t) = 0.015 . (1.85)^t * y(t) = Estimated average trendline BTC/XAU ratio (oz Gold per BTC) * t = Years elapsed since early 2013 * (b = 1.85 implies an average trend growth factor of ~1.85x per year for this specific period/estimate) The projected average trendline values for the Bitcoin price in Gold Ounces (oz/BTC) for the next three years are approximately: • April 2026 (t = 13.25): 51.5 oz/BTC • April 2027 (t = 14.25): 95.2 oz/BTC • April 2028 (t = 15.25): 176.1 oz/BTC --- CRITICAL CAVEATS --- * Illustrative Average Trend ONLY: Ignores real volatility/cycles. Actual chart differs drastically. * No Predictive Value. * NOT Financial Advice. This model isolates the severely smoothed trend; actual market behavior is dominated by volatility around this average.
BTC/XAU = y(t) = 0.015 . (1.85)^t Analyzing the BTC/XAU ratio provides a "scarce vs. scarce" perspective, potentially filtering out fiat denominator noise to clarify Bitcoin's underlying trend relative to Gold. Focusing only on the smoothed long-term average trend (ignoring extreme volatility and cycles), the data best fits an exponential function. Based on rough estimates (using an early 2013 start date and approximate late April 2025 prices), an illustrative model for this average trend is: y(t) = 0.015 . (1.85)^t * y(t) = Estimated average trendline BTC/XAU ratio (oz Gold per BTC) * t = Years elapsed since early 2013 * (b = 1.85 implies an average trend growth factor of ~1.85x per year for this specific period/estimate) The projected average trendline values for the Bitcoin price in Gold Ounces (oz/BTC) for the next three years are approximately: • April 2026 (t = 13.25): 51.5 oz/BTC • April 2027 (t = 14.25): 95.2 oz/BTC • April 2028 (t = 15.25): 176.1 oz/BTC --- CRITICAL CAVEATS --- * Illustrative Average Trend ONLY: Ignores real volatility/cycles. Actual chart differs drastically. * No Predictive Value. * NOT Financial Advice. This model isolates the severely smoothed trend; actual market behavior is dominated by volatility around this average.
The obvious answer? My man, that’s not only NOT the “obvious” answer… it’s the wrong one. When BTC hits $1M USD, no one is “selling”. Might we buy things using our bitcoin? Sure. But no one is going to trade Bitcoin for fiat that’s devalued so immensely. Seriously, do some research on the topic, you have demonstrated to everyone you need it.
Slightly off-topic from our main discussion on growth functions, but related to long-term trends: It's interesting to analyze Bitcoin vs. Gold (BTC/XAU). The rationale is that comparing scarce asset vs. scarce asset arguably filters out the noise/debasement inherent in fiat denominators like USD, potentially revealing a clearer underlying trend of relative value growth. If you attempt to model only the smoothed-out, long-term average trend of BTC/XAU (deliberately ignoring the massive volatility and cycles) since ~early 2013, it fits an exponential curve. A very rough, purely illustrative function for this average trendline might look something like: y(t) = 0.015 . (1.85)^t (where y(t) = BTC/XAU ratio, t = years since early 2013) (This smooth curve completely ignores real-world volatility/cycles, is highly approximate based on rough estimates, has NO predictive value, and is NOT financial advice.) Just a different perspective to consider when thinking about the underlying growth patterns.
ROFL yah that’s NOT gonna be happening literally BTC will NOT reach $1M in 2025 we couldn’t even sustain $100k yet we only went to $100k for a very short window maybe in 10 years MAYBE!
"Whats the point of creating a new "money". Current money in and of itself is all just public opinion and rules anyways. What makes your "money" better then current money? People claim decentralization is its biggest reason for its existence, but that doesn't mean anything because centralization is literally what gives money its value to begin with. Decentralizing it would make any form of money not mean anything at all." And here it is, the final illogical conclusion. The 'point' of creating a new money, is that the old money is broken, and corrupted with unjust inflation. The new money is better, because it can't be printed willy-nilly, by the Fed, or anyone else. Centralization does NOT give money its value, people using money gives money its value, and printing more of it unjustly and subtly takes away that value. Decentralizing money makes it so no one can print it, and THAT is why it allows the new money to accrue value, as people individually decide to switch to a sound money, and no one else can unjustly print. If more Bitcoin could be printed by hitting the T key, like US dollars can, by the Fed, or anyone else, it would NOT accrue any value, full stop. Thus centralization does not create value, but decentralization allows value to accrue, as it stops the bad things that can just be done to the centralized dollar, and are done to it, like every day !
"If you took that history away, (gold is) just a shiny rock. The dollar is just an ornately designed piece of paper. bitcoin is just some really fancy hash code." Perhaps without even realizing the logic error, you have created a false equivalence between these three items, because you are NOT the US Federal Reserve. Now lets pretend that you ARE the Federal Reserve, and you want more free stuff, because what corrupt government agency doesn't want more money for nothing, and your chicks for free ? And to start your free stuff collection, you decide to make more of each of these three items Gold. Well, its a metal, but its also RARE and indestructible, and you already have a Smaug-level hoard at Ft Knox, but why not get some more ? So, what would you have to do, to find some gold that isn't owned by someone else (obviously you could print more dollars and buy gold with free dollars, but that doesn't MAKE any gold, it just redistributes the existing gold, and drives inflation through the roof) ? You would have to MINE it, from the EARTH, like they did back in the day. And this requires WORK, like REAL WORK, hard, good work, and ain't no lazy-ass banker going to do that, so lets move on. Dollars. Well, here you are in luck, because you don't need a printing press (the Treasury physically controls these, and you can't get one), all you need is your handy, dandy Fed computer, and you press the T key, and another Trillion dollars just pops into your account, easy-peasy, lemon-squeezy ! And then you just take your free Trillion dollars to ye olde bond market, and you can set that interest rate for money wherever you want, by just buying longer dated (10-30 years) bonds with all your freshly (digitally) printed money. As you might remember, from the pandemic Money-Print-Insanity, when the Fed buys bonds, the price goes up, and the yield on the bonds goes down, thus you can make mortgages have a comically low cost, like 3 % interest low, you know, for the Boomers that want a third house to rent out to the peasants like us, by just printing and spending free money. You can also bail out any corporation, or broke pension fund, or anything, really, its the Midas touch, but for reals here ! But this has a cost, not to the Fed, of course, but to normal Americans, and anyone else holding those fast-inflating dollars, as the number you need to buy any real thing goes up and up, from that raging inflation, that we all know and loathe ! Bitcoin. Well, its just a hash code, but how do you actually MAKE more of that sweet swEET Bitcoin hash code, that YOU actually control the private keys ? Well, actually, you have to work, digitally, I mean. To mine bitcoin, it can only be done by guessing a random hash code before any other miners, that are also trying to guess it, and getting that 10 minute block reward, and how do you guess that hash code ? You run your custom mining computers, that you have to buy, hot, and fast, burning up that REAL electricity, that you have to produce, with some power plants. But even if you use your FREE DOLLARS, to buy those computers, and power plants, there is still a built-in limit, that gold does NOT have, in that you could have thousands of GOLD mines around the world, and look for some Golden Asteroids, if Elon is down for it, but new Bitcoins only come out once every 10 minutes, and only a limited amount of them. This is how Bitcoin is better than both gold and dollars, in that its HARDER to make than either, but especially dollars, and thus, your value stored in Bitcoin cannot be stolen by the Fed, or the Treasury, or anything the corrupt human mind can come up with, and this is important, to not getting your purchasing power inflated away, like you do with dollars.
[How the US government seized all citizens’ gold in 1930s](https://theconversation.com/how-the-us-government-seized-all-citizens-gold-in-1930s-138467) "The reason we dropped the gold standard was because we moved towards a service and goods based value tied to the dollar." Who's this 'we', white man ? We (individuals) had nothing to do with it, it was Government Guns, taking our wealth by force, THAT is what moved us towards a 'service and goods based value tied to the dollar', but services and goods are NOT tied to the dollar, the dollar is tied to NOTHING, and as the Government prints more and more dollars, that is why inflation is ascendant, those services and goods become more and more expensive, and we are broke. Your nonsense explanation of the current system is WHY you don't get why gold worked, and crypto could work today. "This means the dollar globally rises and falls based on the value of its sovereign body's production. How would a cryptocurrency change any of that?" Ummm, no. The dollar rises and falls based on how many new dollars our corrupt government prints, relative to how many new pounds, or yen, or yuan the other guy's corrupt government prints, full stop. Yes, we have real production, but that has little barring on our money's value. The value of the dollar comes from how much money there is, relative to how many goods and services there are, and that value is dropping, like every day, as more and more free money is printed. How crypto would change that is that the Government can't print crypto ! Yes, government couldn't print gold either, but gold is in fact, harder to use, store, and send, than crypto is, which made it much easier to steal, since it was all in a few banks, back in old timey time 1933, so the dream of crypto is that hopefully we can have a money that we can hold ourselves (taken off the centralized exchanges, hopefully), can't be as easily stolen, and that can't be printed by government. Now is our corrupt government just going to sit back and accept our new money ? Of course not, but that is why we need people like you to understand the value of crypto, so we as a group, can move on from the broken dollar, to another type of money that isn't broken, in that crypto can't be covertly printed by government !
" "money" in its most bare bones view is an intermediary for an exchange of value for goods or services, but for that to work, the intermediary device needs to have its worth hard set so that people can dictate an equity of service or good. A 5 dollar bill is worth more than a 1 dollar bill because that is set by a governing body that we all just agree to adhere to." This is it, the CORE problem of money, the fact that its 'worth' is NOT 'hard set' by a governing body, this is a grand illusion, and BECAUSE you can't yet see that this is an illusion, the need for crypto, and gold before it, makes no sense to you. A 5 dollar bill is worth more than a 1 dollar bill becasue big number is bigger than small number, this is basic math, the REAL issue is, can you buy a house with a 5 dollar bill, or a single piece of candy, and THAT is determined by HOW MANY 5 dollar bills this 'governing body' decides to print, and this particular issue is NOT just "set by a governing body that we all just agree to adhere to", in fact, we as individuals have LITTLE REAL CHOICE in our governing body, or how many dollars that body prints, i.e. we didn't agree to this, we were born into this system, and FORCED to use THEIR money, that THEY decide how much to create, and give to themselves for FREE, while we have to give up our limited time on this Earth, to actually EARN our money. This is why we crypto, and our grandfathers gold-ed before that. WE want to control how many '5 dollar bills' get printed, full stop, because as they print more and more 5 dollar bills (and they DO, see covid spending), it makes OUR ALREADY EARNED five dollar bills worth less, and THAT is VERY unfair ! And until you realize just how unfair this system is, crypto won't make any sense to you. "Seriously the only reason we stopped using gold was because it was an ore that might be used for other things, plus it was inconvenient to control and could be lost." Really ? REALLY ??? You never questioned that Government School pure BS explanation of the end of the gold standard ? That reason is pure nonsense, allow me to educate you on what REALLY happened. So, the US government went broke after the 1929 stonk market crash, and the great depression really got going, and tax revenue went bye bye, and then, our fearless leader, FDR wanted to print some free money to bail everyone out, with a bunch of make-work joke jobs, like building eco-freak (of that day) hydro dams, and such, but there was a problem, and it was that pesky, gosh darn gold standard. So, what is a non-Emperor leader of the free world to do ? Did the country tighten its belt, pay off our debts, and emerge from the depression stronger ? PFFT !!1! OF COURSE NOT ! No, FDR just stole all of our gold ! Really, that is exactly what happened. It wasn't to 'use the gold for other things', except as in 'if I steal your car, I can then put it to better use than you could, by committing more crimes !' kind of way, we literally ended the gold standard so our corrupt government could steal our purchasing power by printing more of those free $5 bills, that it didn't have the right to print, under the laws of the day, back when a $5 bill was real money, and actually representing a quarter of an ounce of gold !
Loans, too. BTC is gaining conventional acceptance. When it can be used as collateral for loans, that is NOT included in your income statement.
Yes with Celsius and I got fucking rekt to oblivion... DO NOT DO IT!
to be clear if you're learning. there is a distinction that many have forgotten but is worth always stating imho. a coin has its own blockchain, a token rides on another blockchain. bitcoin on ethereum is an erc20 token, so is WETH on Ethereum, but ETH is a coin on ethereum but needs to be wrapped into the erc20 token standard to be used in DeFi just as any other token. bitcoin is the coin of bitcoin blockchain, runes are not coins they are effectively tokens following a token protocol on bitcoin. doge is a coin as its the native currency of its own blockchain. shiba is not a coin, it was a token launched on ethereum. people somehow confuse them. coins generally in my mind hold alot more merit as people who created them actually had to be blockchain developers, propagate, promote and manage their own networks. doge and wif are NOT comparable asset classes. people forgetting or not really caring about the distrinction is how this memecoin run is a rug fest because its a memetoken run and they require zero effort, skill or intention to deliver anything, or need to have any effort or continual work be done to maintain their ongoing existence. a whole network had to die for a coin to be a rug, often enough. not saying POS coins that used bitcore qt wallet works didn't lose value, but they had more merit than most tokens. there was alot more involved to integrate a coin into a website. tokens can do alot on the backs of the mother chain's compatability and talented devs work. tokens are often parasitic to the chain and the market cap of the native coin, sometimes they are the marketing and brands that draw people to that chain and support the price of the native token. maybe SOL is like this as many LPs are SOL/Shit token pairs. anyway call coins coins and tokens tokens and atleast I will be happy, apparently nobody else in crypto gives a shit anymore.
The fact that individual "stablecoins" (outputs) can be identified, censored, and/or consficated is exactly why they are NOT fungible. In fact, Bitcoin was/is the original NFT.
Stablecoins are NOT NFTs. Do you know what fungible means?
Sorry to say but you've been scammed. No Bitcoin were mined. This is a common fraud where they'll make it look like you've accumulated coins, but it's just a number going up on a site. Then when you try to withdraw, they attempt all sorts of maneuvers to get you to send them money first. DO NOT SEND THEM MONEY, UNDER ANY CIRCUMSTANCE. Also, ignore any DMs on reddit as you've now painted yourself as a vulnerable target. Post everything publicly. If you believe you did, in fact, mine, post the name of the site or app you used to mine. People here will help you determine how to get your funds out if there's anything to withdraw.
I don’t know if they still do but the idea was rather widespread in political diplomatic circles, it may have changed, i mean there must be quite a few Chinese Math buffs who fully understand the white paper. From what i could understand (correct me if wrong please), the Chinese view it as sth that comes from the outside, they like the idea, they (the gov) don’t like the inherent decentralized nature of bitcoin, which is why they have their own crypto and don’t want more cryptos, lack of control. That does NOT stop them from having understood the deep mf value of the asset and the plays that can be made, buying massive amounts of bitcoin and leaving, say for this example, just ten % to trade and act on markets with is already lucrative and will get more lucrative with time. They know that much and so do we ;)
I didn't watch the video but I would NOT expect to retire with less than 1 btc by 2030. I think you'll need much more than that.
Couldn't you argue the same when communities switched from paying in shells to paying in coins? Once society has agreed a use case and bartering system, whichever currency, trying to get the masses to switch to a new system will cause many people to think why switch, we're doing fine. But as technology evolves, crime evolves, society evolves; you have to anticipate future global needs and how our currency can safely evolve with society. - Fact is banks have been slowly loosing trust everywhere. I feel the biggest use case for the average individual is you csnt keep 100k of gold or cash stashed in your house, you could, but risky, we prefer to keep it in a bank. But we know banks are lending our money to fund whichever activities and groups they see fit, good or bad, and charge me fees for the fact they get to use my money and let me use it if I ask nicely. Being able to keep your assets, certificates, positions, investments, on a ledger you can keep private, secure, and encrypted.. I mean, why would people NOT want to own their own hard earned dolla? Trusting banks that can also go under overnight with your life savings is the illogical option to me..
Nobody, NOT EVEN THE DEV, can XHANGE ANYTHING. Thats why this is infinite, its here and it will stay here for good! LFG and I aint a fuckin bot you reddit delisional people
I'm happy I did NOT buy anything yesterday cashing the rise. GG
Again, for the billionth time people: NOT YOUR KEYS, NOT YOUR COINS! The Bitcoin in an ETF does NOT belong to the people that park their money there! When you invest in an ETF, you are NOT buying spot Bitcoin. ETF’s actually go against the agile idea that BTC was created for in the first place; financial freedom, financial sovereignty, an off-ramp to leave a broken fiat system and opt out of a system that will eventually collapse on itself. ETF’s are simply an extension of the broken fiat system that uses Bitcoin as a way to drive profit, and goes against the ethos of BTC and what it was intended for as an alternative money by Satoshi Nakamoto. I’ll take purchasing spot Bitcoin and taking custody of my own coins, thank you very much… So there’s your answer. And that’s why you don’t “just buy a bitcoin ETF”…
Exactly, these articles are merely an indicator of what's NOT about to happen.
People need to understand that one day you will NOT be able to trade fiat currency for Bitcoin You will have to provide value to society and be compensated in bitcoin. Just like you work for USD etc today.
Painful to see this. Tis is what everyone thinks at first YOu used to be able to throw a dart in the dart nd make 10x. The problem now is that te money isn't on CEX anymore, its in ETFs and held by corporations That money is NOT going into alts anymore. The newbie/degen pool shrinks every second of everyday
multiple past presidents have sold collectibles, actually pretty much all of them going back to reagan. but orange man bad so orange man bad. source: orange man bad i'm personally looking forward to a daily circle jerk that alternates between: omg like serves you right stupid, OMG NO NO DO NOT REDEEM IT NOOOOOOO
I agree about the ultra wealthy and the dollar, but bitcoin has the potential to transfer significant wealth and financial security into retail investors, when it becomes even more mature. The dollar does NOT. And it seems based on recent events, the S&P could potentially be a bad investment over the next X years. Gold is an obsolete and cumbersome asset that has been impractical to transport on large scales / small time frames (liquidity) for quite some time now. The devaluation of the dollar, combined with corporate / political greed, has skyrocketed prices for consumers over the past few years, (and will continue to do so) while wages largely remain stagnant. Institutions are starting to flock to BTC for safety and quality during this time of significant uncertainty.
It does NOT have the power to end crypto
You're telling me you saw Bitcoin drop to 70k and DID NOT invest your savings in it? Not even half of it? bruh