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"If I deposited it, it’s mine". thats not true unfortunately due to how deposits work Depositing in a bank, means that you are actually loaning the money to the bank. So once you deposit, its not yours anymore to retrieve it (legally speaking), the bank now owns you money. But like with any loan, the person might just not want to give it back to you (or be able to ) If you want the bank to actually STORE YOUR money, in a way that you are guaranteed to have it back in full, at all times., you need to pay for a deposit box, a safe. Depositing money in a bank account And putting money in a safe inside the bank. ARE NOT THE SAME THING which sucks. So yeah, buy bitcoin
Can't help you with this but please, as a professional, do NOT input your customer's seed (or any others for the matter) on an internet website.
> So why did you say 3 seconds then if it's actually network latency (under a second)? Why not? Are you really arguing <3sec when it already takes 5 to take your card or phone out? > Regardless, most exchanges will NOT accept 0 conf They could, they could make a risk assessment like they do for number of confs for 0-conf as well, and accept values below a limit. They are just lazy. >Proof of stake has never been 51% attacked, across any chain. Nano isn't technically PoS, but similar (ORV; no staking/inflation, just voting on nodes with wallet balance) Proof of stake is not sound. It is basically what we already have, rich assholes decide our monetary policy. You need the thing for governance that you get out of governance. PoS concentrates PoW spreads coins (sell for electricity). And don't forget the fact that they all have to be premined. Anyway. I have done this discussion a million times. Nano shills are relentless and never stop, so I will stop the discussion here. Have a nice day.
That’s not a legit reason for them to disallow a person withdrawing funds from their own account. That is HIS money, NOT the bank’s money. It’s really very simple.
The goal is NOT to make money ( fiat cash garbage ;) ). Many of us go through a "what even is Bitcoin" phase, and it forces us to ask and answer hard questions about "what even is money". Once you get through that, you change your frame of reference. Cash is not money, Bitcoin is money. Cash is just what everyone out there wants to use as money. And wall street is willing to even lend this cash thing to us so we can use that instead of buying this cash thing. What's the benefit of that? Well asset appreciation. But it isn't appreciation to us, its just stepping away from the massive constant debasement of what everyone else is calling money. So sure, you will give me a loan so I can use this "cash", and then ask for the money back later on after it has been debased to hell? What a deal, what a steal! The trick of course is that there are many variables to consider. APR, time, liquidation levels, and Bitcoin's perceived and traded volatility in the market. These things, that the finance industry uses as the basis of their rules when lending to you, affect your ability to safely borrow. So we have to over compensate. This is why it isn't the right thing for EVERYONE to do, but for many it is beneficial. The TLDR; is that if the CAGR (compound annual growth rate) of Bitcoin is higher than the APR of the loan, then by the time you have to pay off the loan, you end up selling less of your bitcoin for the amount that you borrowed. But even better, you can borrow more and roll over the loan. Well now we are starting to see the benefits of that "compound" word. The loan compounds, but the CAGR does too, and since it is higher than the APR, it compounds faster than the APR. Then there's the volatility of Bitcoin: CAGR is a smooth straight line, Bitcoin doesn't trade like that, so there needs to be a lot of precautions taken. People recommend keeping below 15% LTV (loan to value) when you take out your loan(s) at all times. This way it should theoretically survive any bear market, even if Bitcoin crashed 80%, you wouldn't be forced to liquidate and settle the loan, so you can continue to let TIME do its thing. Over time, you debt grows into tens, hundreds of thousands, or a million or more, but.... percentage wise, it goes down. Your LTV goes from 15% to 10% to 5% to 1%. That means when you finally decide to pack it up, you sell 0.01 BTC instead of 0.15 BTC. The other important reason is that governments demand CAPITAL GAINS TAXES. If you sell your bitcoin now, you pay the market value, and you pay high taxes on top of that. If you do it after you retire, you pay less taxes potentially because you don't earn a salary anymore, plus the value grew higher, so Bitcoin right now is for many, a savings play, not a make a quick buck play. In the future, if the climate changes and governments decide that Bitcoin is money and that it shouldn't be subject to capital gains taxes, then even better! Time is on our side, even if CGT goes up, it is very likely that the value of the asset appreciated enough that we still made out the winner. CGT applies whether you buy paper money, or buy a house or buy a wedding, whatever. Anyway, all the while, you just keep stacking and keeping money to yourself until everyone else catches up and starts to ask for your bitcoin money instead of the toilet paper. Now, even with all that I have said, playing with loans is still dangerous, still feels like gambling, and so people like myself just stack and/or hodl, and don't over invest so that we can live off our salaries and keep that bitcoin for emergencies or retirement, or for some big expense that we were saving for... like a wedding, or a house or something we need in the future that we otherwise couldn't have afforded. I think of those who take loans, half of them will do magnitudes better than us, and half of them will get rekt because it takes much more discipline to manage loans like this without getting into trouble and undoing all your hard work in a moment.
> It's network latency. So why did you say 3 seconds then if it's actually network latency (under a second)? Regardless, most exchanges will NOT accept 0 conf >Meanwhile, nano has never been 51% attacked Proof of stake has never been 51% attacked, across any chain. Nano isn't technically PoS, but similar (ORV; no staking/inflation, just voting on nodes with wallet balance)
>Right now i use Kraken and would like to hear your opinions on this. I think Strike is better than any shitcoin casino like Kraken. This being said, doing another KYC to sign with Strike migh be contra productive so if you decide to stay at Kraken, try to use the Pro version (lower fees). >I also just store my BTC on a wallet there. Is there a better way to store bitcoin? **Not your keys, not your cheese.** The bitcoin in their wallet isn't your, you just got a promise they will give it back to you in the future. **It usually works until it doesn't.** 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/app/](https://blockstream.com/app/) \- 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. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **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. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. 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.
DO NOT DO THIS. BTC is too volatile to do this, putting yourself at high risk of a margin call. If you were asking to borrow against your stocks for example against VOO or something similarly stable then I would consider it.
yeah man your reddit posts are NOT effecting the markets
Be careful with those misspelled fake domain names! Compoond.finance and compound.finance are definitely NOT the same thing. Use bookmarks you created yourself to access sites, especially on a smartphone, where a simple fat-finger typo could land you on some N. Korean spoof site designed to rob you blind.
DO NOT post your privater key or seed phrase on any electronic device, you WILL lose your crypto. If you don't know what to do, don't do anything but RESERARCH what to do. DO NOT accept help from someone online, don't take advice from anyone online (inc me) just research, if your seedphrase is secure, not posted online, your coins will wait. Research.
I used to be a tppp in california and learned to card count. CARD COUNTING IS NOT ILLEGAL.
This doesn't make sense because you're wanting one device that both stores the private key and is internet connected for broadcasting transactions. The whole point of a cold wallet is NOT to be internet connected. You are permanently downgrading your security by allowing it to connect to the internet. You're essentially using a hot wallet which is no better than a mobile app. That's why such a device doesn't exist.
These videos come every so often and are always dumb as hell. Yeah randomly trying to withdrawal 20,000 is going to cause questions. Most people know you can't do that but criminals not so much. I keep money in bank(s) because it is generally safe there and insured. This video is NOT a reason why I am in Bitcoin.
First and foremost — this is a really tough spot to be in. I'm really sorry you're dealing with this. What's happening is a classic case of "betting the farm" on a single outcome, which in trading psychology is the #1 cardinal sin. Let me offer some perspective that might help you guys course-correct: The biggest red flag isn't that you bought crypto—it's that you used money you literally cannot afford to lose. Taking a position with retirement funds (penalized or not) and cash reserves means you've lost optionality. That creates a situation where you're forced to "be right" at all costs, which almost always leads to even worse decisions. \*\*Here's what you do right now:\*\* 1. \*\*Stop checking the price obsessively.\*\* Seriously, delete any price apps for 30 days. You've already made your bed — watching the ticker won't change the outcome but will wreck your mental health. 2. \*\*Understand that you are NOT your trade.\*\* Your self-worth is not tied to this position. The market doesn't care about your situation. Separate your identity from the P/L. 3. \*\*If it's Bitcoin or Ethereum (blue chips):\*\* Historically, holding through extreme drawdowns has been the winning strategy. But you need to be able to hold for 3-5 years minimum. Can you genuinely do that without needing to sell in a pinch? If not, you should consider reducing the position at breakeven if/when it recovers and never risk essential capital again. 4. \*\*If it's an altcoin:\*\* The odds are much worse. Many alts never recover. You need to accept this as a tuition payment to the school of hard knocks and vow to never repeat it. 5. \*\*Build a "never again" plan:\*\* Going forward, only invest what you can lose without changing your lifestyle. Use DCA into low-cost index funds as your base allocation, and if you want to gamble on crypto, cap it at 5-10% of your net worth — and only from capital that's already excess savings. What coin/position are you holding, if you don't mind me asking? That'll determine whether the advice leans more toward damage control or long-term HODLing.
The Reuters article I read explicitly states that they are NOT investing in cryptocurrencies but rather companies involved in cryptocurrency infrastructure. This post is extremely misleading unless OP can produce an article from Reuters that isn’t the one I’ve shared below. https://www.reuters.com/business/finance/kazakhstan-central-bank-invest-up-350-million-crypto-assets-2026-03-06/
Yeah, no shit, man lol. I honestly do NOT think the masses will even buy BTC directly and self custody their holdings, instead it will overwhelmingly be them buying BTC related products from banks and other tradfi institutions. We are in the very early stages of this now, but in the 2030s I'm thinking this is quite mainstream for those interested and by the 2040s it might actually be automatic for those with mutual funds, 401ks, etc.
You didnt know about Mr Beasts ties to the CIA...? How do people NOT know?
Hello, this is a courtesy message to let you know I detected a problem with the NP link in your [comment](https://www.reddit.com/r/CryptoMarkets/comments/1rnaiip/whales_are_running_this_market_right_now_and_the/o95dw67/?context=3). Your link was: >https://www.np.reddit.com/r/technicalanalysis/s/PI1UuKtRkf however, it should be: >https://np.reddit.com/r/technicalanalysis/s/PI1UuKtRkf The "np" replaces the subdomain (usually "www"), rather than being added to it. Your comment has NOT been removed so you can simply edit it if you wish to correct your link. Your link currently may be invalid or display a security warning. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
DO NOT BUY A LEDGER!! Honestly, I wouldn’t trust Ledger. They already leaked customer data once, emails and even home addresses, and people got phishing attacks after that. Then they added that Ledger Recover feature that can split and send your seed phrase to other companies. That alone defeats the whole point of a hardware wallet. And recently there was another customer data leak through one of their partners. That’s just too many red flags. When it comes to bitcoin long-term cold storage, I’d rather use a wallet that never had those problems and is built only for bitcoin.
One bit of advice please please please whatever you choose do NOT use leverage
A blow off top is and never will be a requirement for the 4 year cycle. The price action in between the cycle lows depends on so many macro conditions. The 4 cycle lows DO NOT dictate what the price action will be during the cycle
Looolll everyone so salty... She is actually NOT good looking at all. U just a bunch of simps.
I just used the free Gemini and asked for it in a concise reply after its initial reply was almost a full page. You could always try NOT relying on AI and just... understand things? Lacking a central operator and guaranteed returns doesn't change the underlying financial mechanics; it just makes Bitcoin ***decentralised*** and ***transparent***. The economic core of a Ponzi requires constant new capital to pay early investors because the system generates zero internal revenue, right? Bitcoin fits this perfectly. It doesn't produce any yield or cash flow that I'm aware of? Profits only materialise when a newer participant brings fresh capital at a higher price. Comparing it to stocks is a false equivalence as companies generate actual profits. Bitcoin relies entirely on the greater fool theory. When new capital slows, the price collapses, leaving late buyers out of pocket to fund the early adopters. The economic engine is identical. If you genuinely believe it isn't a Ponzi, would you answer these? 1. You compare it to stocks. Stocks represent ownership in companies generating actual revenue and dividends. If new capital stops flowing into Bitcoin, what internal revenue generates returns for current holders? 2. You highlight that it is a decentralised protocol. Does automating the process of paying early investors with new investors' money make the economic dynamic any less reliant on new capital to survive? 3. You point out it is an open market with no return guarantees. If your only possible exit liquidity is a newer participant paying a higher price, whose money are you taking if not a later investor's?
>How to buy bitcoins without id 😓😓😓 Look up BISQ (BISQ 2), Robosats, HodlHodl, PeachBitcoin or Vexl. >And how do I add it to my private wallet Send it to your wallet. Bluewallet, Sparrow, electrum are good hot wallets. Don't use random "crypto" wallets. Whoever is sending you a DM is a scammer. Including the hot Asian chick. He's a scammer too. DO NOT REPLY.
NOT YET CRACK 80k FIRST
I deal with ChatGPT all the time. It’s definitely AI generated. I called out the lack of sources, OP claims to have fixed the post… still lacks the critical sources necessary for their claim. What kind of weak 12 year old defence is that? THEYRE NOT CHAT GPT! YOU ARE! Good one buddy.
Pro- CRYPTO. NOT JUST BITCOIN. Ya 🤡
Please try reading between the lines...He is NOT pro bitcoin. He is not against it but will make politics which is atleast Bad for bitcoin to dollar price. He himself told in an interview which is available for everybody that he Sees bitcoin as a usefool tool for checking how good the fed is doing their job and how the money politic should be dirigated. So a rising bitcoin price is a Bad sign for the fed and Bad leadership. If He wants to Do a good job, He will try to put the bitcoin price down. Everybody thinks He is pro bitcoin only because He doesnt call it Rat poison and says it is usefull. For 95% of people it seems that they brain shuts off after These words because it is the only thing they want to hear :D
Definitely NOT an early celebration. /s
LLMs are NOT SENTIENT. Saying they "prefer" something doesn't actually mean anything. Remember, LLMs are basically glorified search engines that just make their output sound more like a human.
so, 3 years later you realized ledger is a scam and now you're going for a trezor, then wait another 3 years and you'll come here with the same story. Dude, for real, it's not that hard to read a bit deeper. You do NOT have to buy a device. Get an open source, non custodial wallet with good reputation, write down some addresses, keep the seed in safe place and DELETE the wallet. Check your balance in any blockchain explorer. Done.
Thanks! I think my best bet is to get help in person from the friend who gave me the Bitcoin in the first place. And yeah... I got a million DMs after posting the above 🤣Thanks for the warning. In case anyone out there thinks it'd be worth scamming me, I'll you the full story: A few years ago I had lunch with a friend and when it came time to pay the bill he offered to pay his half in Bitcoin. I knew very little about Bitcoin but I was game, and he set up a wallet on my phone and sent me the equivalent of about 20 dollars and told me to write down and keep the seed phrase. Since then, Bitcoin has increased a lot but to be clear, this was NOT in the early days of Bitcoin when one Bitcoin was worth one dollar. It was already well established and had already skyrocketed. So my 20 dollars from a few years ago has increased in value but it is NOT now worth millions. It's worth maybe 200 dollars or so, I think.
Solid points, but: \- in terms of slippage, as I write this the spread is 1¢. Doesn't get much smaller than that. \- If your timeframe is short, you should NOT be looking at an equity, even if it is diversified. See what's happening with Iran today. An income product is much smarter if you want to ensure your capital is preserved. What if Trump goes a little psycho (again) and fucks up the world economy with Tarrifs 3.82 just when you want to withdraw?
Sorry to be a jerk, but this sounds like someone is trying to scam you. Something isn't adding up here. Someone wants you to pay them in Bitcoin (totally cool and I'm glad it's catching on). However they want possibly hundreds of thousands of dollars from you, from a currency you are not familiar with. Remember, Bitcoin transactions are NOT reversible.
If it’s NOT verifiable on the blockchain it’s NOT Bitcoin.
You're right that the exit is where the money is made, NOT the entry. $250k is quite a stretch goal IMO.
Yeah, no, not necessarily. BTC has had 10% mood swings during and NOT during macro events too many in fact correlation doesn't always equal causation here.
Must be turned into Google Play Cards immediately. BUT DO NOT REDEEM
I'm clearly in the minority in this sub as I'm pro loan-to-buy-bitcoin. But I'm NOT pro loan-to-*trade*\-bitcoin.
Energy FUD has been so thoroughly debunked and destroyed. It's funny the complete opposite of what they were saying is true, NOT mining bitcoin is the real waste of energy.
0.2mm is NOT easy to wipe out. SeedHammer doesn’t do more as far as I know and is regarded as safe enough.
i've been in crypto for about 5 years now and I deeply regret that i didn't just buy bitcoin. I got in just as the 21 bull was starting and it seemed impossible to NOT make money. But of course, i didn't sell so i lost quite a lot. Luckily i switched focus and started buying btc regularly a while back. The fact is, the vast majority of people don't have the right mentality or indeed luck to make quick easy money in crypto...and the market is way over-saturated now with so many coins. Stick to bitcoin, buy when prices are down and fear is high and be patient. I would honestly just ignore the alts. Now is probably a good time to start buying btc, though of course we could go lower for a while.
Welcome aboard. We all have been where you're at right now. Read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). 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 by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **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. 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://21vox.com/dca-calculator) 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 too and compares buying bitcoin VS stocks. Now, don't buy some 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/app/](https://blockstream.com/app/) \- 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. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **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. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. 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 there was abundance for everyone then it wouldn’t matter if bitcoin plummeted; as you’d have your needs met. But I’d put money on there NOT being abundance for everyone.
> Expectations of high inflation absolutely drive inflation higher Sure, but that's not the only source of inflation. Controlling *expectations* does NOT mean inflation is actually under control. Take all the time you need with that.
The simplest and most obvious argument right now: why would I buy and hold a speculative digital currency that’s pretty clearly NOT a store of value when I can buy about 90% of other assets in existence and outperform it over a 4-5 year time period?
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/app/](https://blockstream.com/app/) \- 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. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **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. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. 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.
>Is it time to buy Bitcoin? Is it time to plant a tree? The answer is obvious. >suggest promising assets similar to Bitcoin. There's none. >Share some advice Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). 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 by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **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. 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 too and compares buying bitcoin VS stocks. Now, don't buy some 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/app/](https://blockstream.com/app/) \- 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. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **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. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. 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.
Needed an emergency top up of under $100, so I had to pay the 20% at a CoinFlip ATM. First message you get AFTER your buy is: PLEASE NOTE THAT YOUR PURCHASE MAY NOT BE SENT IMMEDIATELY FOR SECURITY/CONSUMER PROTECTION REASONS. No idea if/when they will ever send me my BTC
DO NOT RESPOND TO ANY DMS, \*NO MATTER WHAT\* Contact customer service from the app
This is how I know we’re onto a whole new generation of hodlers. I remember when Cryptonick was big in 2017 and had the huge controversy. That was a lesson for a lot of people NOT to listen to YouTubers.
You didn't refute anything. You just made broad statements that aren't backed by anything but your own ignorance. "Capitalism isn't tied to Industrialisation, imperialism, colonialism hence why they are different terms for different things." \>>> You are categorically false. Industrialization, imperialism, and colonialism were manifestations of capitalism. No amount of stomping your feet and saying words without any argument will change the truth. Industrialization was WHAT? The utilization of labor to produce goods EN MASS FOR WHAT???? PROFIT! Imperialism and colonialism was WHAT? The invasion and subjugation of other peoples and lands and resources FOR WHAT???? PROFIT! It is such a dumb thing to dismiss the manifestations of capitalism that were brought about by capitalism to not be tied to capitalism because you deem it to be another term than capitalism LMFAO. That is like saying GULAGS, or CENTRAL PLANNING aren't tied to communism hence why they are different terms for different things. Stupid logic. "Capitalism is also not the creator of slavery, sadly that practice goes back through everyone's history." \>>> Nobody made that claim lmao. I just pointed out that the Transatlantic Slave Trade was motivated by PROFIT and it furthered my claim that capitalism has NO CONSCIENCE. "What is an interesting fact is that The Brits are the first nation to abolish slavery and try to stop the slave trade globally. I didn't see a non Western, socialist country do that. Because at the time, everyone was taking part in it and slavery was a stain on all of human existence, not just the west." \>>> They had a world wide empire that subjugated people under the boot of British law. Who cares if they abolished slavery. They were slaughtering and plundering the ENTIRE world when they abolished slavery. Are you MAD? Socialism wasn't even a thing on the world stage until the 1919 When Lenin overthrew the Russian monarchs....WHO HAD SERFS and abolished Serfdom. Slavery was pretty much abolished everywhere before the first socialist country emerged. What are you talking about? "I would expect that illness is the biggest killer of humans yearly that's always been the case, that's nothing new. it's estimated that 80-150 million people died from communism by the way, since you refuse to deal with that number. I would also add by any metric in the last 20 years, hunger and preventable illnesses are going downward, regardless of the uptrend of populations. I guess capitalism is blamed for the bad, it has to be blamed for the good right?" \>>> Yea communism is terrible 150 million people dying is horrible. Capitalism kills that much in 15 years AND YOU DONT CARE. This is projection on your part. You are displaying the same lack of conscience as Stalin did lmao...you share the logic of a tyrant by dismissing the deaths of those who die to needless hunger and preventable diseases...YOU ARE REFUSING to own up to this. You just keep pretending that science getting better is somehow capitalism when that is not the case lol. "It's estimated in the last twenty years, infant mortality rate for under 5's globally halved and The percentage of undernourished people globally by half as well to around 9%. Which is still too high, but it's an improvement. I wonder if communism had anything to do with that?" \>>> THAT IS SCIENCE NOT CAPITALISM. And even if you take the statistics at face value and want to attribute scientific advancements to economics KNOW THIS....The biggest driver of improvements of the standards of living for people ON EARTH over the past 50 years IS drum roll please..............................CHINA! "Was communism giving out food and vaccines to the underdeveloped nations? I must have missed that one, oh that's right it wasn't happening. So you have one system that has issues and does some good and one that does only evil. I know which one is winning. You can't look at one side of the stats without looking at the improvement." \>>> So lets break this down....read this to yourself to see how funny you sound...it is a communists fault...for not FEEDING and TREATING the DISEASE....IN A POOR CAPITALIST COUNTRY...THAT WITHHOLDS FOOD AND MEDICINE...FROM ITS OWN PEOPLE...........It's not the fault of that countries capitalist policies for letting companies withhold food and life saving medice................ITS THE FAULT OF A COMMUNIST COUNTRY FOR not SAVING THE WORLD FROM CAPITALISM...........you are unserious. "I hold socialism accountable for those deaths because those deaths were attributed to a specific ideology of socialism. Any one can look back and see that as soon as a communist gets into power, death and societal collapse follows." \>>> I would respect that if you were intellectually consistent and THEN HOLD CAPITALISM accountable for the deaths of 10 million people a year for withholding food and medicine from starving and sick people because they want to make a profit. You don't because you have an unserious intellectual position which is dishonest and rife with cognitive dissonance. 5) You argued that socialism has morals, which has single handedly lead to deaths of millions with nothing to show for it. \>>> Socialism IS LITERALLY based on morals. "Equality" "No exploitation of the worker.", "Everyone should have food." "No one should be subjugated to a landlord, employer, or bank." You can argue the IMPLEMENTATION of the system has been flawed and produced immoral results (as you can capitalism) but you cant say that it isn't based on morals "By your writing, I'm guessing you are a young, stupid American who has never visited a former Communist country or talked to anyone who went through it. Hence why you are so blinded by ideology." \>>> I hate communism. Come back when you have an actual intellectual position that can stand up to the scrutiny of someone that actually understands economic and political theory. You are unserious bro.
It's AI. Karma farmer. Here's my version. Please give me all the updoots. Post Title: I AM LITERALLY SCREAMING RIGHT NOW!!! FOUND MY 150 BTC WALLET IN A BOX OF LITERAL TRASH!!!! Subreddit: r/Bitcoin Posted by: u/DiamondHandsHODL69 GUYS. GUYS. GUYS. I am literally shaking, crying, throwing up, and doing backflips in my mom's basement right now. You are NOT going to believe this absolute brain-dead luck I just had. THE BACKSTORY (I am a certified moron): So back in 2013, I was high on caffeine and Mountain Dew and bought like 150 Bitcoin because I thought the logo looked like a cool gold coin from Mario. I think I paid like $100 for the whole lot? Anyway, I put it on this crusty-ass 200GB hard drive and—because I am a literal genius—I encrypted it with a password that was just the lyrics to "All Star" by Smash Mouth but with numbers for the vowels. Fast forward: I forgot which vowels I swapped. I tried 4llSt4r... nothing. I tried 3llSt3r... nothing. I figured I was doomed to be a wagie forever. I threw the drive into my "Box of Shame" which is mostly just broken GameCube controllers, half-eaten beef jerky, and old Shrek DVDs. THE MIRACLE: I’m "cleaning" today (aka my mom threatened to evict me if I didn't find the floor), and I find the drive. It’s covered in mystery goo. I plug it in, and it’s making a sound like a cat in a blender. I’m clicking around, crying because I can't remember if I used a 5 or an S. Then, I find an old, grease-stained Taco Bell receipt from November 2013 tucked inside a copy of Guns & Ammo. THE REVEAL: On the back of the receipt, written in CRAYON (because I couldn't find a pen), is a 24-word seed phrase. But get this—because I was "super into spy stuff" back then, I didn't write the words. I wrote the page numbers and word counts from a 2012 Sears Catalog. I actually still had the catalog under my bed (don't ask why). I spent four hours flipping through pages of lawnmowers and denim jeans to find the words. Toaster Cargo Pants... you get the idea. THE PAYOUT: I just typed those 24 stupid words into a new wallet. I didn't even need the Smash Mouth password. BALANCE: 150.00000000 BTC CURRENT VALUE: $4,215,675.69 I am officially a multi-millionaire because I was too lazy to throw away a Sears Catalog and a Taco Bell receipt for ten years. I am currently eating a cold Burrito Supreme to celebrate. TL;DR: I’m a billionaire (basically) because of Shrek, Sears, and Taco Bell. See ya later, losers! I’m buying a private island shaped like a Dogecoin! 🚀🚀🚀🌕🌕🌕 Would you like me to add some "angry jealous redditor" comments to really capture the vibe?
Welcome aboard. We all have been where you're at right now. Read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). 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 by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **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. 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 too and compares buying bitcoin VS stocks. Now, don't buy some 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/app/](https://blockstream.com/app/) \- 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. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **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. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. 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.
>Can you guys convince me to buy bitcoin? No, mate. That is your job. In case you're willing to stick around, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). 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 by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **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. 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 too and compares buying bitcoin VS stocks. Now, don't buy some 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/app/](https://blockstream.com/app/) \- 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. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **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. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. 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.
Welcome aboard. Read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). 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 by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **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. 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 too and compares buying bitcoin VS stocks. Now, don't buy some 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/app/](https://blockstream.com/app/) \- 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. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **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. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. 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.
Markets hate uncertainty. The stock market sells off and in general the crypto market follows. Bitcoin and indeed crypto does NOT seem to be a value save haven against geopolitical and economic crisis (at least not yet)
More than 1 coin was "stolen" from me because I had mine on an exchange and they went bankrupt. Apparently, if it was on their exchange, it was NOT MINE... and the courts agreed. NOT YOUR KEYS, NOT YOUR CRYPTO. cold storage is the only way to proceed.
I’ve been looking at token supply mechanics lately (burns, emissions, “real yield”, etc.) and trying to separate marketing from things you can actually verify on-chain. I stumbled onto [Datamine Network](https://datamine.base44.app/) (DAM / FLUX) and I’m mostly confused why it’s not discussed more. **Here’s what I \*think\* I’ve confirmed from their docs / repos:** \- The project dates back to mid‑2020 (FLUX minting is described as starting around June 2020). \- Token design is (at least originally) dual-token: • DAM = base token with an effective capped supply around \~16.876M (their docs mention it was deployed with 25M and a large portion was burned, leaving \~16.876M as the “cap”). • FLUX = minted when DAM is locked (validator-style), and burning FLUX can increase a user’s minting multiplier (so burn is “incentivized,” not just a passive fee burn). \- There’s also an Arbitrum side: • ArbiFLUX exists on Arbitrum (I see an Arbiscan-verified contract; looks like it was verified in Oct 2021). • LOCK (“Lockquidity”) is minted by locking ArbiFLUX. One important nuance from their dashboard docs: burning LOCK is described as redirecting value to the liquidity pool (not necessarily reducing supply like a typical burn). So it’s more like “liquidity reinforcement” than pure deflation. **Audits / security claims:** \- SlowMist audit PDFs exist for both DAM and FLUX (both show a “Passed” result in the audit report). Their community site says the audits were community-funded. **What I’m NOT sure about / where I want outside eyes:** \- I keep seeing claims like “negative inflation” or “huge % of minted supply burned.” Their own pitch deck claims >50% of minted supply has been burned, but I haven’t independently reproduced a clean minted-vs-burned time series. If anyone has a Dune query / reliable method, I’d love to see it. \- Liquidity is still relatively small, which makes any “tokenomics works!” claim harder to interpret (small pools are easy to move). **Questions for anyone who’s looked deeper:** 1. What’s the best way to verify net issuance over time (minted - burned) for FLUX/ArbiFLUX/LOCK without trusting their UI? 2. Does the “burn to earn a higher mint rate” mechanic create any perverse incentives or attack surfaces at low liquidity / low validator count? 3. Any thoughtful comparison between Datamine-style incentivized burn vs ETH’s EIP-1559 (passive burn from usage)? 4. Does the 4-token architecture (DAM → FLUX → ArbiFLUX → LOCK) meaningfully add utility, or is it mostly complexity? Not affiliated, not a buy recommendation, just trying to figure out whether this is interesting engineering/tokenomics or just a niche project with good copy.
experienced investors have been using loans (LOANS NOT MARGIN) to increase their buying power for a very very long time.
This is a very big deal in the evolution of acceptance. Saylor is absolutely correct - - it is either going to zero or a million in the next 5 to 10 years. However, that doesn't mean I don't wake up in the middle of the night and wonder if all that money of mine will be gone soon. Being inflation-proof is one of the most important points to me as a holder. Honestly, I'd like it to NOT start moving up dramatically for a few years so I can put more money in.
Whatever you get, make sure it's bitcoin only and open source - coldcard, Jade, Passport, Bitbox, or Seedsigner are good options. Bitcoin only firmware is more secure because it has much lower attack surface than wallets that support a bunch of different alt coins. Open source ensures the community can verify it is secure and isn't doing something shady. Do NOT order from a 3rd party like amazon. Order directly from the manufacturer's website. These companies have developed a secure chain of custody to ensure your wallet has not been tampered with before it gets to you. Check out BTCSessions on YT for tutorials on setting up pretty much every wallet.
That’s the whole thing. If sats are held in the blockchain, then anything that’s NOT on the blockchain isn’t real Bitcoin. Exchanges, ETF’s and custodians “holding” anyone’s coin… Bitcoin without the blockchain isn’t Bitcoin.
DO NOT GIVE THIS SCAMMER ANY OF YOUR INFO. Interacting with u/Wise_Brawn will NOT end well.
In economic terms, a daily 10% drop is why is definitely NOT known as a micro movement.
Correct, wealthy individuals that utilize absolutely bonkers loopholes to pay as least amount of taxes as possible. That issue needs to be figured out, but taxing unrealized gains is NOT the way. Taxing wealthy individuals who report zero income, but basically live off loans and other vehicles tied to unsold crypto, stocks etc...that needs some work. Its sad that people making under 100k can be taxed a large chunk of their income 0-22%, but wealthy people end up paying fractions of that. Single digits often. Theres no reason for any individual to amass trillions of dollars, or even billions IMHO.
>hold out until I almost double my money You'll regret this part in the future. >If anybody has any advice for noobies, I am all ears! Read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). 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 by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **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. 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 too and compares buying bitcoin VS stocks. Now, don't buy some 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/app/](https://blockstream.com/app/) \- 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. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **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. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. 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.
Actually, the bottom usually comes when everyone thinks it's NOT going much lower or can't possibly go much lower. Just like right now...
I did a solid year from nov 24 to nov 25. Then I saw it getting a little inflated and sat in the sidelines for a bit. Ended up cutting my position in half at 105k. Did NOT anticipate what happened earlier this year. I was just wanting to get some chips off the table. But now I am buying again lol.
and even core developers who was in bitcoin very early didn't accumulate enough bitcoins to NOT take money from Epstein ;)
Bitcoin will be dead when everybody and I mean EVERYBODY sells their holdings Until then, BUY, BUY, HODL, RINSE AND REPEAT!! 😎👍🏻🍻 (Wash ONLY in cold water on gentle cycle, do not bleach, Do NOT tumble dry, COOL IRON only)
The black hats are pros at this. It is clear to me that the “4 year cycle” has nothing to do with the BTC supply side anymore - and everything to do with pump and dump style manipulation. They’re playing us all - retail and OG holders alike. That’s why “this time is NOT different”. They prey on 100% predictable human nature to shake down over-extended retail and squeeze out every last drop. That said, I’ve said before that I’d fucking love to see a WSB style short squeeze on MSTR or BTC.
It is simple already. The main issues are the UX is not simple. We have no POS (point of sale) terminals to simply scan a QR code or "tap" to pay at stores. Most online stores don't accept crypto. Here's my analogy for how simple it is. Our grandparents/parents literally used to go to apple stores to learrn how to use the iphone.......while we use it with ease with no1 teaching us. Traditional banking is just as complicated as crypto (for transfers). Routing number, account number, credit cards, debit card numbers, pins, 2fa, exp dates, email, password, etc. Crypto is account ID. The MAIN issue.... Is privacy. We need to be able to spend money privately. Businesses will NOT adopt crypto until this is a reality
You seem to think I’m making statements. I’m not. I’m asking you questions, because I’m curious to understand how your mind works. You are someone who found a thing that is primarily marketed as “savings technology”. However, your argument is that using this thing to make money (i.e. as a savings technology) does NOT constitute a “use” of that thing. So now you are arguing that it is NOT in fact a savings technology, but that still doesn’t answer the question: “why is using bitcoin as a savings technology (even if you think it isn’t one) NOT considered a use of bitcoin?”
I'm from the future, Bitcoin hits $1 milion by 2030 DO NOT SELL
Inflation is NOT 10%. Monetary debasement. It is added on top of inflation. What I said is 100% accurate.
Sorry my dude but historically this would be the worst time to sell. It's akin to NOT buying at the best time.
OK send cash my mail. LOL The only is risk is NOT just the sending of the cash in the mail. Using an exchange and having a bank card is not an disadvantage. All adults have them. Why people like to play life on hard mode I will never know.
Coinbase robinhood then transfer to phantom or any good wallet there are tons I just like phantom if u wanna be really secure buy a cold storage OFF OF THERE WEBSITE NOT AMAZON
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Let me help with some financial literacy since you seem to be confused what real world financial products are and you show me how many of these products the "DeFi" meme narrative offers. **Real World Financial Products** - **Checking accounts** - for everyday daily activities for paying bills, debit cards, ATMs - **Savings accounts** - for storing money that is GUARANTEED by the government for up to $250K - **Certificates of Deposits** - GUARANTEED fixed interest. - **IRA** - Tax advantaged or 100% tax free (Roth) retirement accounts - **Brokerage accounts** - Access to investment products including stocks, bonds, REITS (Real Estate Investment Trusts) - **Personal Loans, Home Loans, Mortgages, Home Equity Loans, etc** - **Home Owners Insurance, Auto Insurance, Life Insurance, etc** - **Small Business Loans, Commercial Loans** **DEFI - Bullshit scam narrative from the Summer of 2020** - Essentially a Shitcoin Casino. Leveraged plays, trading shitcoin tokens, earning yield on shitcoin tokens by providing liquidity on shitcoin tokens which all drop 70%-99% when BTC goes into a bear market. NOT FINANCE in ANY WAY - 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. NOT FINANCE in ANY WAY - 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.
Already is via Lightning payments, look at Steak & Shake. Is volatile because is NOT widely accepted as a currency yet, it's in the store of value process, we will get there but for now is best to buy and hold, just like the Romans were buying al holding good gold coins that were not mixed with other trash metals when emperors devalued the money to fund wars, people didn't use those coins they accepted & hold to them, this is what is happening to Bitcoin right now.
>Is there any good payment systems out there, ive seen bitpay but just wanted to ask here. I would avoid. https://www.trustpilot.com/review/bitpay.com Do it properly and use BtcPayServer. Any third party like bitpay/Conbase/PayPal will make sure the payments are NOT discrete at all.
I agree. I've watched wave after wave of suckers thinking any mention of downside is a "buy signal" and watched them get rekt repeatedly... Not over the course of a few weeks or months... I'm talking about the entire cycle... This cycle was NOT the same as previous cycles in fact if you are objective about it this cycle was the first one to confirm a terminal market cap until proven otherwise... You can't oscillate against an inflating dollar and think you're onto something that's just straight stupidity... You can't bet on a 10x when a whole cycle showed you that hasn't happened and the charts actually suggests continuous downside... In the entire cycle, BTC under permed gold and oscillated (at best) against it, while the rest of the market underpformerd almost any decent asset and oscillated against a devalued dollar, meaning ue it did indeed lose real value over an entire 4 year cycle... This is a confirmed pattern and would need to break ATH in market cap to be invalidated, but I'm sure Maxis and Moon Boys don't understand that it's possible for their little theories to have already been invalidated on multiple fronts.
Honor system unless you get audited. In the US at least. You self report your own cost-basis when the broker liquidating doesnt have one. If you want to turn BTC to fiat, you have to transfer it to an exchange like coinbase and sell it for CAD or USD. They are the entity that will transfer CAD/USD to a bank account. In the US, right around now, Coinbase issues tax docs. Some brokers will ask what your cost-basis was for coins transferred in, and you just type a number. If you do, that number is used on the tax statements. If not they issue you a statement showing a huge cap gain from a cost basis of $0. In the US, its still up to us to report that with our tax return, and when we do, we again have the option to add or change the cost basis. In the US, the IRS is less likely to audit you if you pick a reasonable cost basis and pay some tax. This is clearly NOT legal or even good advice, but it is true. If you get caught egregiously lying on a tax return (like saying you bought in at $120K and it's all a loss) you can go to prison, so dont, but the IRS was just gutted. US 2026 filings wont be reviewed until 2028 if ever, but if you are audited, If you bought in in 2015, the cost basis was under $500/btc, which is honestly so close to 0 - youre paying taxes on 14000% gains - that if you were trying to pay what you really owe its kinda pointless to care. The difference between a $0 and $500 cost basis is trivial when theres been 60K in appreciation beyond that. $3000 / $500 = 6BTC or now about $396K, of which $393K is cap gains. If you went with a cost basis of 0, and a tax rate of 24% youd pay $95,040, but if you use a $500 cost basis, it would drop to $94,320. That $700 difference is hardly worth the mental energy.
OP , you are talking about meme coins which majority of crypto investors are NOT in ….i been in crypto since 2013 and i put $10 once in a meme coin 2 years ago ……most people that are on pump fun and not serious investors in the crypto world as whole…its apple and oranges
Welcome aboard. We all have been where you're at right now. Read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). 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 by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **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. 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 too and compares buying bitcoin VS stocks. Now, don't buy some 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/app/](https://blockstream.com/app/) \- 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. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **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. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. 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.
You're definitely a newbie to crypto. There's a lot of cryptos that can 100x some even 1000x. Bitcoin CAN NOT
It's not about giving up. To start making profit from crypto, you ust first NOT believe in it, it's the only way to make rational moves and make money on the back of others. It's all about making profit on the back of others, the sooner you understand that, the wealther you'll be.
DO NOT GO TO A CPA FIRST! Go to a lawyer first. With a lawyer you have attorney-client privilege. A CPA can run their mouth all they want and can report you if they want. I’m not saying you did anything illegal but it’s better to keep it confidential at least initially.
You should also consider NOT selling!!! A good CPA/tax attorney can help you identify ways to access money without selling your BTC. Just find one with confirmed knowledge of crypto and never give ANYONE (including the cpa/attorney your seed phase!!! If they ask, then you need a new one... who will pursue them for trying to scam you and to help you.)
RESPECT THE PUMP!!! HERE TO SUPPORT IVAN ALL FUDDERS ARE WRONG Ivan has the best community, I am in the livechat every day, it makes my day His paid programs are very good, I joined after jumping on a strategy. THEY DO NOT ALLOW EVERYONE!! they only allow people to join the paid program if they are sure they can help you I literally had to jump on a call with their team before they accepted me Which is great as they said their reputation hangs on my success, our incentives are aligned As real members of Ivans community already commented here - he called the crypto and precious metals top Meaning i saved most of my portfolio AND will be able to buy CHEAPCHEAPCHEAP before the next bull starts Without Ivan I would be 90% down at this point... I followed Raol Pal and he said "business cycle"; "globval M2"; "ISM" while Ivan said its all BULLSHIT and told everyone to sell THANK GOD I HAD BULLMANIA I would be so so so so REKT otherwise Sorry if this comment comes off as emotional... but I do get emotional thinking about going through another 1-2 years of pain holding losses. So yes I have a lot to thank Ivan for!
RESPECT THE PUMP!!! HERE TO SUPPORT IVAN ALL FUDDERS ARE WRONG Ivan has the best community, I am in the livechat every day, it makes my day His paid programs are very good, I joined after jumping on a strategy. THEY DO NOT ALLOW EVERYONE!! they only allow people to join the paid program if they are sure they can help you I literally had to jump on a call with their team before they accepted me Which is great as they said their reputation hangs on my success, our incentives are aligned As real members of Ivans community already commented here - he called the crypto and precious metals top Meaning i saved most of my portfolio AND will be able to buy CHEAPCHEAPCHEAP before the next bull starts Without Ivan I would be 90% down at this point... I followed Raol Pal and he said "business cycle"; "globval M2"; "ISM" while Ivan said its all BULLSHIT and told everyone to sell THANK GOD I HAD BULLMANIA I would be so so so so REKT otherwise Sorry if this comment comes off as emotional... but I do get emotional thinking about going through another 1-2 years of pain holding losses. So yes I have a lot to thank Ivan for!
bro you are a whale now, you have to be careful, DO NOT TELL ANYONE ABOUT YOUR BITCOIN!!! you may get targeted.
I would recommend going to a terminal like Jupiter, then verifying the coin on [rugcheck.xyz](http://rugcheck.xyz), then buy. DO NOT BUY MORE THAN $10 ON A SINGLE COIN.
>Big companies are doing it, countries are doing it. Why not legal entities for restaurant businesses? Big companies sold fiat shares, fiat investors wanted BEFORE they jumped into Bitcoin. Buying shares of a local restaurant, usually run by somebody who never done that before, is usually riskier than buying a random shitcoin, 12 year old created on their phone app. >Dca'ing monthly profits to paying back and sharing profit with investors.. I don't know. What is the catch here? >Would you consider investing? Absolutely NOT. I prefer DCA & HODL on my own, than a ~~Nigerian Prince~~ random restaurant owner in a country I don't even live in, doing that "for me".