Reddit Posts
Mentions
U should buy with money you are comfortable losing. And definitely NOT borrow money. Only times i've lost money is when i use leverage and end up selling. If u want to earn money on btc, buy, and dont sell. That's it. You can try dca since it's literally breaking all time highs today. But just so u know, when u buy, it's gonna go down.
>How does bitcoin even work https://bitcoin.org/en/bitcoin-paper >how does the average person get wealthy using bitcoin? When they HODL for a really long time. >Whats the ammount you would have to buy? It depends on your circumstances. >Im new to this so go easy on me We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [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 book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick 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. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting 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/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. 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 it! Do it! Do it! You'll only regret NOT doing it
Had to check it, but the white paper still says: Bitcoin: A Peer-to-Peer Electronic Cash System And NOT: Bitcoin: A Get Wealty System
Same with Bitcoin. Plus XRP was under a lawsuit..it's NOT the same in 2025 as 2021. Why do you lie? All cryptos including Bitcoin collapses after a bull cycle. When XRP dropped to 20 cents Bitcoin dropped to 14k from 69k. Your just blind looking at ONLY Bitcoin.. Everything corrects. XRP lawsuit was suppressing it for 4 years. And if you invested in XRP 10 years ago with $1k you'd have 400k. Fact check all of what I said I DARE you. But you won't you'd rather spread lies.
Speculation is when price is driven by "belief" without underlying usage. That’s Bitcoin. It’s held, hoarded, and rarely moved it does "nothing" but sit in cold storage. Even Satoshi envisioned it as peer-to-peer cash, but it failed that use case. It’s now just digital gold and purely speculative by nature. XRP, on the other hand, is already being used today by institutions like SBI Remit, Tranglo, and Coins.ph. It’s the native gas token of the XRP Ledger. Every transaction, smart contract, token issuance, and payment runs on it. That’s not speculation that’s utility. The reason XRP has value is because it enables real-time, cross-border settlements for a fraction of a penny, with no middlemen. That demand is growing. Japan to Philippines, to the UK to Thailand, UAE, India, etc. Live corridors using XRP for settlement, not speculation. So no, I’m not pretending. I’m stating a fact. XRP is one of the only cryptos with a clear, defined utility baked into the protocol. You can speculate on memes. I’ll take the asset that fuels actual finance. Now this is VERY important what I'm about to say..I myself was an original Bitcoin miner. I'm talking about mining it on a Compaq desktop at pennies on the dollar. Satoshi introduced it to us on message boards to promote Bitcoin People weren't into it only others like myself who experienced first hand the effect of the housing market crash in 2008. Satoshi used to say CLEARLY Bitcoin will be dead if it doesn't stick to it's "core" principals which you guys ruined. I was all for Bitcoin far longer than YOU now picking up on it AFTER it's been compromised and no longer holds to its true nature. Satoshi express concerns about how the network would evolve, especially if users misunderstood the purpose, or if centralization, regulation, or trust in third parties crept back in. And that's why Bitcoin is NOT Bitcoin today.. because centralization, regulation, trust in 3rd parties took it over. Bitcoin IS institutions, and literally 12 wallets controll all BITCOIN. Bitcoin IS the 1%er elites asset. Not for us. Satoshi straight up said he believed that Bitcoin could eventually compete with Visa scale volume but Bitcoin core developers later rejected this vision, opting for limited block size and off-chain scaling (e.g., Lightning) something Satoshi never explicitly endorsed. Satoshi knew Bitcoin wouldn’t scale to Visa levels without changes as he stated below: “Visa handles 100 million transactions per day... Bitcoin can never scale to that level in its current form.” And you guys f**ked it up 😂 You DESTROYED what he wanted.. Bitcoin is the elites store of value it's not a "people" currently it's owned by the "elites" that Satoshi was against. Bitcoin vision died out its congested, slow, and relies on centralized Lightning hubs just to function. Meanwhile, XRP settles in 3 seconds, handles 1,500+ TPS, and is already being used by banks. Looks like XRP is closer to Satoshi’s dream than BTC is now.
Guys, guys, I hate to say it, but strictly speaking this is NOT a new ATH. The USD has lost so much value in 2025 that the first ATH of 108,800 in January equals $120k now.
You are NOT remembering a 24 word seed phrase, just make it 12 words or something
The point of hardware is to avoid giving your keys to some online connected app. Hijacked phone wallet can steal it all before op can send it to exchange. Do NOT restore hardware wallet's seed words in software wallets. It defeats the purpose of the hardware and keeping keys from leaking and BTC getting stolen. You deserved the downvote for recommending an insecure step.
These kinds of statements are beyond ridiculous - and I say this as someone both hoping and believing that residential RE will continue to decline in value. Most people didn’t spend x dollars on BTC y years ago NOT because they figured “I’d rather have this house/car/groceries/latte/cash than multiply my wealth several/many times over within y years” but because nobody could have predicted the future price trajectory of BTC. Guess what - nearly ANYONE could have bought MUCH more BTC than they did whenever the possibility first occurred to them and nearly ALL of those people would be MUCH richer today had they done so.
We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [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 book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick 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. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting 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/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. 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 abroad. For simplicity, use GBP. We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [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 book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick 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. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting 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/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. 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.
There are already banks in Japan, Brazil, the US, China, the Philippines that are using this network. And research shows that there is obvious utility. I don't know if this company will be around in 10 years or not but this is a different product than USDC. USDC is a currency. Institutions will NOT use XRP like a currency. They will use the XRP network to set up financial contracts that replaces Swift because they cost fractions of a sentence in our instant instead of costing many dollars and taking days. That's why banks would want to do this. They're not making money off swift and none of them care if they own swift or participate in swift they just want the best thing for their business. The XRP token would be used to pay for gas fees to complete transactions. But it would NOT be sent from one party to another to exchange the funds. It's unbelievable how many people lack simple understanding of this network and yet attack everyone else as if those people were actually the ones that were ignorant. If somebody has a different opinion just leave it. But I'd love for people on Reddit to stop confusing "I don't understand the difference" with "therefore there must be no difference".
Crazy piece to hold and NOT redeem. Had to share this with the r/CryptoCollectibles page 🤯
Once again: it is NOT impossible.
>you actually need help the way you communicate ... you are actually damaging the reputation of link with your continuous aggressive and confrontational style... nobody actually takes you seriously anymore due to the way you communicate Hahahahahahaha says the community that thinks XRP is “Le special tech” that every bank needs but doesn’t actually want to use lol >try sending a cross border payment via SWIFT - see how instantaneous that is - and NO whatever you will bleat on about that was done with SWIFT (project Guradian) WILL NOT change that - the block chain confirmation of the asset sale/redemption might be instant but the FIAT leg of that use case you keep quoting goes over EXISTING SWIFT rails with the existing use of correspondent banking that is the inherent problem with SWIFT for this type of payment, its SLOW - its precisely the reason why XRP, XLM and others exist... Yes the Swift messaging system is instant, it’s literally just a message sent to a bank lol the underlying processes of sending and receiving money involve multiple steps, like anti-fraud and anti-money laundering checks which takes days. I love how you guys gaslight this board into thinking it can’t be done because XRP is needed but they publish reports saying it was successfully done without xrp hahaha
They work differently, my MSTR has totally outperformed IBIT and BTC. IBIT is a safer way for people to have exposure to BTC, rather than buying a wallet, however it will ALWAYS be exactly the same as BTC. IBIT is what it is, there are no derivatives based on IBIT. MSTR does not follow BTC and frequently does the opposite of BTC price wise. MSTR has a full suite of Derivatives solely based on MSTR action, such as MSTY/MSTX/MSTU/MSTZ, where you can gamble on additional growth, 2X MSTR. Or you can select MSTY for monthly income, all based on MSTR action IBIT acts as a broker, MSTR is offering numerous shares, from common stock to their own derivatives, Strike, etc, etc. they just released a new one this month. They’re NOT the same.
Can send a test txn before u send the real deal, and copy the address into your clipboard before sending the test txn. DO NOT COPY IT from the wallet interface as u might be a victim of phasing attacks.
im posting this on the main thread as u/JustStopppingBye comments are already getting downvoted so people might not see this..... so posting here as the reply to his ranting.... lol you are so misinformed its almost not worth commenting any more as you dont listen even when you are wrong.... ..try sending a cross border payment via SWIFT - see how instantaneous that is - and NO whatever you will bleat on about that was done with SWIFT (project Guradian) WILL NOT change that - the block chain confirmation of the asset sale/redemption might be instant but the FIAT leg of that use case you keep quoting goes over EXISTING SWIFT rails with the existing use of correspondent banking that is the inherent problem with SWIFT for this type of payment, its SLOW - its precisely the reason why XRP, XLM and others exist... you actually need help the way you communicate ... you are actually damaging the reputation of link with your continuous aggressive and confrontational style... nobody actually takes you seriously anymore due to the way you communicate
Are you fucking serious? BTC is hovering around all time high prices. DO NOT put 10 grand into it right now. Nobody here trying to talk him out of it, you ought to be bloody ashamed of yourselves lol.
I see everybody posting like it's a foregone conclusion that bitcoin is gonna be prosperous. Short of having a crystal ball or the gift of prophecy, it's ridiculous to tell anybody "rest assured". In fact, since there is hardly any oversight in crypto currency, and some of the smartest people on the planet tell people NOT to invest in crypto, it would be childish to bet your entire future on a currency so volatile and unstable. Most of these posts are cringeworthy in the fact they are telling somebody to rest assured in dumping their entire life savings into crypto. I hope I'm wrong, and this person has good luck, but I've only heard negative stories about crypto, as well as having negative experiences myself, but since I also don't have a crystal ball, I cannot say one way or the other how things will be in 10-15 years, and unlike everybody else in this thread, I'm not gonna pretend I know something that would be completely impossible to know.
I’ll bet you all your BTC we do NOT hit $1M this year, bet? Okay cool 🤝
Ah, so we’re just ignoring key facts now? Banks ARE using the XRPL. SBI, Santander, and over 500 institutions in the ECB’s Digital Euro pilot. The “banks rejected XRPL” narrative is ancient FUD that’s already been disproven. And Jed McCaleb? He left *Ripple*, not XRPL and cashed out *after helping create Stellar*, which literally uses the same base tech. That’s called competition, not indictment. Also, Bitcoin is powerful, yes but let’s not pretend Lightning Network is ready for institutional volume. XRP settles in 3–5 seconds with near-zero fees and can handle 1,500 TPS natively, no extra layers needed. It’s already tokenizing RWAs today NOT hypothetically in some dev roadmap. You’re comparing apples to protocol-grade jet engines. Facts matter.
You call that a dump? AHA emotional asses.. that was more like a fire sale for me.. you must be new here if you think THAT was dump. BTC was trading between $94,000-$106,000 before the tarrifs, it dropped to $77,000 during the tariffs and now irs back to $105,000 once again BITCOIN DOES NOT CARE… Ether has also been trading sideways since 2021… the price ether is at right now is the same price it was 4 years ago well before tarrifs.. again crypto does not care
Firstly, OP and to whom it may concern, so now you. Secondly, there should be some more scrutiny in what people post. I want crypto mainstreamed and utilized as much as the next person, but putting out misleading information is NOT the way to go about it. CT passed a bill banning crypto reserves for the state. They're highlighted, implying its embracing crypto when its actively pushing it off. Information literacy and comprehension is incredibly important, and I don't want this community to fall to questionable photos pushed around as fact. Thirdly, I'm hoping I'm not coming off as rude, which I can sort of see but that wasn't my intent. It's to inform and encourage people to question information.
That’s you making a whole lot of assumptions about me with absolutely zk about me, which is impressively even less than you have about Bitcoin. For starters, I’m not a financier, and while I’m very tech literate in this area, I’m not a coder. I’m first and foremost an ETHICIST, and secondly, by trade, a Strategist. I’m a true and proper Utopian, so trust that my set of reasons and values are not at all the crypto stereotypes you’re suggesting (and btw, the stereotypes have basically ZERO resemblance to actual “crypto values”). I’m for widespread liberation and human thriving, not personal profit. Nobody convinced me to be here; I did my learning and made an informed decision. Next, I’d never characterize myself as a Bitcoiner, precisely because its skeumorphism to gold is limited, and so ultimately it has to survive/thrive based on its own myth and cache rather than actual utility within living economies. Bitcoin was not intended to be some one true coin/currency. It’s truly, supremely excellent at what it does (which is not much, and at least Gold is going for the style points), and it’s an excellent stepping stone to far more exciting, liberating, and equitable things. Nothing more, nothing less. It absolutely has and is enhancing the world. If you don’t know how or why, that’s fine, but your lack of knowledge doesn’t imply a lack of reason. I say you know nothing about bitcoin, because firstly you talk about it as though its the only thing out here of any consequence, as though it dictates or at least informs all other things in cryptospace, and secondly, because the first thing anyone should know about bitcoin is that you do NOT sell your bitcoin. Ever. Let alone “like it’s your job.” If thats how you understand things, and you cant name any of the important use cases of crypto and Web³, then for one, you likely have a pretty enfranchised and privileged existence, I’d warrant likely somewhere in the West too, and ultimately there’s definitely a LOT MORE out here for you to learn even the very first things about.
Thanks! It was NOT easy getting it out today - sitting in ER w/ family atm. But we pushed through.
Most of these idiots with beer money saved in BTC want the end to the dollar not really knowing it's basically near impossible. Too many powerful people with MASSIVE AMOUNTS OF WEALTH will never let it happen. I have to capitalize those words because it seems there are tons of DENSE MINDED people on this subreddit. A world without the dollar as the reserve currency is a WORLD you DO NOT WANT TO LIVE IN. Go watch any post apocalypic movie to see if you want to live off eating rats to survive. This place is getting out of control with these stupid posts and mods seem to not even exist.
We are a very very long way from "saturation". The number of companies purchasing Bitcoin for their treasuries just went from single digits to double digits - maybe triple digits. That is a larger percentage change, but you are coming from a very small number of companies. When viewed as a % of all of the companies out there with say $1M + in their treasuries that are buying BTC the % will be so small that it's still 0%. This is so early in the game that adding BTC to a company's treasury still generates news stories. Before we get anywhere near saturation BTC has to be so prevalent that the only news stories are around companies that do NOT have BTC in their treasury. What we are witnessing is just the very start of consistent corporate buy orders. We also have the very start of BTC buy orders from retirement accounts. The ETFs exist but we have a long way to go before BTC ETFs are available in most IRAs and retirement accounts, let alone when BTC ETFs are included in the recommended asset allocations from investment firms, brokers, and wealth managers. We are witnessing the very start of the adoption of Bitcoin. These are the first few trickles of what will become a stream, then a river, then a lake, then an ocean. It only feels like "saturation" because we are so early that we have been catching a few drops of rain. We are a long way from the flood that is coming.
In my opinion DO NOT sell your BTC. Use it as collateral for a loan. An example would be to use SALT. You can borrow at under 9% interest for 12 months given your LTV would be very low. You would need to do a little research on them but my understanding is they do not rehypothecate your BTC either. You know where BTC is going longer term, that $8000 cash out of BTC could be VERY expensive. With a BTC loan you don't need good credit, they don't even pull your credit. The BTC backs the loan 100%. Something to look at.
So what does it predict? Answer: It doesn’t, it just tells what it’s been in the past at a specific time. That is NOT a predictive tool 😂
Welcome abroad. Looking at the past 15 years, buying bitcoin and holding for really long time is the best option. Buying bitcoin at $40 and selling at $50 is easy. Holding that bitcoin until $100k was the play. We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [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 book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick 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. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting 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/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. 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.
So for clarification, My question was: ***"Is it [STRD] 'highly accretive' to shareholders if BTC price remains flat?"*** The poster answered: ***"Yes actually lmao"*** Then he proceeds to bury his rationale in buzzwords that mostly say "**BTC price is certain to go up.**" And I think there is plenty of merit to debating whether BTC is "certain to go up." But that has nothing to defend his position that STRD generates value **even if BTC is flat**. Lets review: > **MSTR sidestepped that execution risk by being first.** Might be true, but irrelevant to his position regarding STRD issuance increasing shareholder value if BTC price is flat > **ATM issuance is all about acquiring the unreplicable economic position in an increasingly scarce asset without friction.** Might be true, but irrelevant to his position regarding STRD issuance increasing shareholder value if BTC price is flat **> **Every share issued via ATM captures BTC below future mNAV escape velocity.** Two flaws with this logic. 1) Assumes BTC price will go up which isn't what is being discussed 2) mNAV escape velocity has to do with share price going up faster than NAV. It is circular logic to defend the argument that STRD will increase share price because share price will go up. > **The dilution is transitory** Nope. > **asset absorption is permanent** Yep, but negated by the dilution > **BTC per share goes up with ATM issuance** Yep, but negated by STRD 10% dividends and dilution. > **If you are solely focused on the USD-denominated value of MSTR during a short time horizon, this trade may not be for you.** Another way of saying, "long term BTC will go up, don't worry about it." Which again, is a fine debate to have, but the poster was supposedly defending the position that STRD generate shareholder value if BTC price remains flat. ---- So there it is. Issuing STRD preferred shares does **NOT** increase shareholder value if BTC price flattens.
Stop buting shitcoins, jesus. Unless it is verified and actually been around for a bit, do NOT put money into it. Second, if you are not comfortable with losing that money, DO NOT TOUCH. This is advice not just for crypto but for anything that could be considered an investment.
The coinbase wallet on Base. It's the standard wallet you get with the platform account. All other wallets you get on Coinbase from learning rewards are NOT coinbase wallets. They are all a wallet associated with that project. And , yes if you keep all the wallets you get from learning rewards , you would have 19 wallets.
Not 100% certain what the details are but robinhood is being called out by the lithuanian central bank based on denied affiliations by openai about tokenizing their company when they aren't even public. They emphasized that the tokens do NOT represent real ownershup or equity in the company. So robinhood is fucking retail investors over again. Both OpenAI and SpaceX tokens hold no value other than what people put into it until someone pulls the fucking rug on everyone else
The question you should be asking is "How can you tell if a coin is NOT a scam?" And if you cannot, then you should avoid it. Avoid all coins until proven to not be a scam.
BCH preserves the spirit of Bitcoin better than BTC. BTC became it's own thing, "Digital Gold" which is NOT the original idea/use case of Bitcoin.
Glad you found it helpful and good on you for putting in the work & research. IMO coinbase and Robinhood and similar apps are totally fine for *purchasing* BTC (and are often people’s only options without having to get too technical or jump through a million hoops). What you don’t want to do is store all of your BTC on them for the long term. I think everyone should self-custody their BTC, but NOT BEFORE you have learned enough to know why it’s important and how to do it properly. To my mind there is just as much risk in rushing into self custody without knowing what you’re doing as there is in leaving your BTC on centralized exchanges forever. I’d say it’s fine to keep your early purchases on an exchange until you get comfortable enough with a hardware wallet and properly storing keys. Once you’re set up with a hardware wallet and you have your keys properly backed up (read up from multiple sources on how to do this the right way) then I’d say just make your regular buys on centralized exchanges and every time you have a certain amount of BTC (whether that’s $250 worth or $1k worth or .005btc or whatever) then just move it over to your hardware wallet. The total you wait to accumulate before each move to your own custody will vary based on your circumstances, but you don’t want to be sending a million little $5 or $20 buys of BTC to cold storage (read up on “utxo management” if you don’t understand why, but in short: the fees will kill you long term). Hope that helps!
COLLATERALIZE IT FOR A LOAN & ITS 0% AND NO SCHEDULED PAYMENTS & YOU DO NOT LOSE OUT ON THE UPSUDE !! people need to understand you can do what was for the 1% avoid a taxable event snd live off your assets wealth through SOVRYN 0% SMART CONTRACT LOAN OR WORST CASE MORPHO 5% LOAN AND DO NOT MISSOUT ON UPSIDE. I put 2 coins borrowed 100g sent 25g to bank and bought 75g and when goes to 140g ill payback the loan and made an extra 40gs
happened to me too. Pretty sure DegoCion is a scam coin. to be safe, do NOT interact with it in any way other than reporting is as spam in the app. if its a scam coin, attempting to swap / sell / etc can potentially result in your entire wallet getting skimmed by bad actors
Stop everything you are doing!! You CAN NOT mine BTC on a phone.
No. It is NOT something will hapenf in the next decade. Look, if quantum computers would be to break SHA256 the whole world have to adapt. It is not something to worry. Look the thing is not only if they could but how much energy does it cost to break the code?? And... is that inversion more or less that what would cost to mine a block and get the reward. Trust me on this but I am sure trying to solve a SHA256 cost way more money, time and therefore energy than trying to solve a block. You understand? It is fine if you don't like bitcoin now or can't graspyour brain around the idea of a decentralized form of money. At least you are being critic and that's something to admire on a society full of sheep. But be carefull who you listen.
DO NOT DO THIS! such complex smart contracts, which hold thousands of dollars, must be audited! era\_0x offers exactly such smart contracts for inheriting crypto, are audited, decentralized, source-available and well documented. if you want to have self-custody over your assets, then do it there, but under no circumstances write a contract yourself without any knowledge.
What a silly question. Obviously it depends on your lifestyle and financial obligations. That being said, you will NOT regret having more BTC 5 years from now.
Anything I can afford in the northeast is getting overbid like crazy right now. And to top it off it's ALL old ass properties that need 20k-& up to update or make modern. I am currently beyond lucky at this point tho as what I currently rent is equivalent to what my property taxes would be. 🤣 Currently blessed by landlord that is NOT taken advantage of me. MCOL but paying LCOL rent. I'm 20yrs out from retirement but hoping and praying I can retire early If I play my cards right.🤷🏻
Welcome abroad. I would probably use Strike instead of Conbase. Doing 1k once a week is probably a better idea, sending 10k at one go will probably make your UK bank going nuts. We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [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 book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick 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. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting 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/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. 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.
Wait until you get slapped in the face by the real cost of home ownership…maintenance. Shit is always breaking. The outside elements work day and night to chip away at your house (paint, roof, water damage). Home ownership is NOT an investment. Not even close.
Hey fishnshoot, a bit late to the convo here. Fidelity has FINALLY rolled out transferring BTC in/out of fidelity crypto. It was on their road map since they launched but it’s taken over 3y to finally go live. They are rolling it out in pieces so the only way you will know if you are “allowed” or “approved” is when you log onto their app/site, and if you see “deposit/withdraw crypto” on your position page, then you have the ability to. You will then proceed to verify your identity through Fidelity Digital Assets portal called “Socure”, where you will upload ID along with your picture taken at time of loading. Once you are set up then you can transfer your crypto to a wallet or an exchange. This is helpful if you are on the wagon of ‘NYKNYC’, you want to use your coin as tender, or if you actually want your beneficiaries to inherit your coin - as Fidelity does NOT allow you to assign beneficiaries to your fidelity crypto account. Unlike your other accounts through Fidelity, which is easy to set up (you can even assign the percentage of each beneficiary). I’ve already given my daughter (executor) login permissions to my Fidelity & instructed her how to execute the sale & then transfer over the money to my funding fidelity account. Where she also is listed as a beneficiary. So she has been given the “work-around” to slip through any probate process. Yet prior to Fidelity allowing withdrawal of crypto, it would blow that she would be forced to convert BTC holdings to fiat just to be able to access it. Being still a bit Leary of using a cold wallet myself, I have yet to transfer my coin out of Fidelity. Cause I know one wrong input could lock me out of my coin. Even though the fine folks here on BTC sub have given ample instructions/directions for how best to store keys, pass phrases, and the actual cold wallet - my brain is a bit more riddled with holes since menopause hit & I am concerned I may make a grave mistake 8/ So for now, my BTC remains safely in the hands of fidelity, even though they use cold storage, I suppose there always is the risk of NYKNYC.
Bitcoin does everything gold does but better (except conducting electricity - which is NOT what gives gold value). People use it on many places around the world as a payment, specially those places where their currency failed them. And yes, it is better than gold. To understand bitcoin you need to first understand the joke of a system we are living in. I don't buy bitcoin to ever change back to dollar. That would be like I am downgrading my money. I just invest what I afford to lose so what I put in the market stays in the market. But, if i was planing to sell, i No need to worry about taxes since in Germany we don't tax crypto that is hold for more than one year.
Thats true. Imagine though a large market maker having access to all of the precise order books, take profit, stop losses, and liquidation levels in an unregulated market where traders use high leverage and constantly get rekt. In my mind, it would be weird if they were NOT manipulating in this case. It’s pure play for finance and someone will do it.
We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [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 book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick 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. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting 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/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. 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.
Any Crypto like this that does NOT show the people behind it is a scam IMO. It's follows the template of so many other scams. I could be wrong, but I'm not.
NODES. SET. THE. RULES. No matter HOW MUCH Bitcoin ANYONE has, they CANNOT and DO NOT have voting power over what the rules are that they and everyone else has tk follow. ONLY NODERUNNERS set the rules, of which, ANYONE can run a node.
In 2014 the irs barely had the ability to track bitcoin, if they had it at all. If they did have it and knew 100% they wouldn’t have needed to ask him about it, and he wouldn’t be able to deny it. LOL, didn’t mean to offend, forgot the crypto bros don’t understand humor. “It’s not traceable, for tax reasons, lol” do I need to explain why something NOT being traceable, for tax reasons, could have an, “LOL” at the end? Maybe it’s not an LOL moment because the irs knew who every person to ever get money through bitcoin is, and exactly how much they owe in 2014?
At least in the US, it doesnt matter until you sell. All you'd do is sell, and then pay quarterly fed and state tax (tax due no later than \~15 days after the end of each quarter) The bank would most likely notify authorities, but the authorities job is to hassle those on their radar that are NOT paying tax.
I’m pretty sure there will be a 1% problem BUT It will be because their company provides a service of value. NOT by printing money that goes in the hands of banks and friends of the party. AND transparency of the blockchain will help everyone. On a personal opinion. War economy has always been based on printed money hence modern wars rarely last more than 5 years. If the world economy is BTC based it will be very hard to wage war.
Money for a nation with monetary sovereignty, like Canada, doesn't work like that. Federal taxes are NOT used to pay anything at all. Why would the creator of the Canadian dollar need that dollar back from you? Adults believing their federal taxes (municipal and provincial taxes ARE used to pay for things) are needed for the country to function are the same as kids stubbornly believing in Santa Claus even when their classmates make fun of them.
KEEP GOING !! they will tell you to quit, but DO NOT LISTEN ! only you can make that big-time money. Stick with it till you hit or lose everything !
Sometimes I feel like this market has amnesia. We witnessed Celsius, Blockfi, Voyager, Hodlnaut, Salt, Haru Invest blow up in our faces with basically no warning. Even if you withdrew because of the rumours if it was within 90 days and over $100k the likes of Celsius are legally coming for you to claw it back. The only reason Nexo didn't blow up with it is because users couldn't withdraw anytime they liked so that bought them some time. Gemini lending was on its knees and basically was suspended for long time too. I witnessed all these lending CEO's lying through their teeth saying your funds are safe in order to try and save their company. All likely deleted tweets now of course. DO NOT TRUST THEM, at least wait for more established companies like Fidelity to do it.
No. Do NOT mention "1 (whole) bitcoin". Enough people are already confused. They think you need over 100k USD just to get into this investment.
Simple. Not BUYING at the RIGHT time. Not SELLING at the RIGHT time. Also SWAPPING from a GOOD performer to a NOT SO GOOD performer. PROCRASTINATING. Don't sit on your ass and twiddle your thumbs. If you see an opportunity (wink wink Ethereum late 2015) then yo fucking JUMP on it. Don't let that opportunity pass you buy and burn your ass with regret. ...Next...
Everything you said is true, except with one caveat...Bitcoin is ONLY a hedge if you self custody your Bitcoin in your own cold wallet. It is NOT a hedge if you leave it on an exchange, purchase a Bitcoin ETF, or keep your coins in a hot wallet because then someone can fuck with your stack and even take your coins away from you. So don't be stupid! Only buy Bitcoin, transfer it to a cold wallet, and HODL!!!
It's not Bitcoin. Monero, for example, is better; it is, in fact, what Bitcoin was supposed to be. There is a reason why they call Bitcoin a "digital gold" or "store of value", because it is not meant to be used as money. And it's not even treated by governments as money, but rather a digital asset that is taxable, for capital gains you get by owning it, even if it grows marginally year over year at an inflation rate. Bitcoin is very slow, it is expensive, and it doesn't offer protection against quantum attacks, which are just around the corner. I am NOT saying it is worthless, nor that it's not useful, but it IS absolutely technologically outdated. The strength of BTC is in decentralization, and being a prime mover, that is it. It made a lot of money for a lot of people, but there are other projects far superior to BTC.
Thats Crypto at large, tech DOES NOT MATTER! AND NEVER WILL. If it would, after like 10 ten years! The bubble would have popped already. So, conclusion, tech does not matter, ever.
I've actually found the casinos offer the lowest fees.. the key with trading with them or any of these high leverage platforms is to take action and DO NOT ALLOW your position to be liquidated it results in a 100% loss... Which if you don't know is almost impossible to be profitable in the long run. Me I cut the trade and close it at 25% -max 50% loss ... I get back half my capital and then on average only need my winners to be 70% - 100% to be profitable 1000x platforms I like Pancake swap 1000x BTC on (BNB,ARB.and BASE chains they offer but your TAXED hard via fees but not on BNB. Last summer they gave ARB rewards based on volume and I received over $20,000 in free Arbitrum in only 3 Month. So I still prefer pancakswap although not the best in the game cause of that. Ark : very solid offering low fees, instant order placement and 1000x via the ARB, And Sonic chain you can trade SOL, Doge, BTC, ETH but I find it hard to be profitable on this platform not sure why might be the leverage or hidden fees
Daily reminder to NOT flex your Crypto losses
Roger Ver and I believe there will be a payout to Trump & the Spanish goverment. NOT SELLING IN A DESTRUCTIVE WAY
>This is because banks can't create money in the same way the fed creates money. The Fed can simply create it and spend it. It really is magic money with the Fed. But with private banks, the money they create isn't the same, its credit. Fed money is NOT credit. That's the fundamental difference. When private bank A loans $100k to Alice, Alice gets that in the form of newly created deposits. Magic enough so far. But when Alice wants to spend that money, for example by sending it to Bob's bank B, bank A tells bank B to credit Bob's account, and it does, but it also debits the account bank A has with bank B. This can be positive deposits or credit (negative deposits), but bank B is only willing to extend bank A so much credit, after which they'll have to borrow from someone else. i disagree. this works both ways. so long as bank b is doing the same in opposite direction. both banks are willing to extend credit and only pay each other the difference. yes in bad times like 2008 they stop. but in general they only look at the net difference. so they are both willing to create money as much as they can. so long as the net difference is small in payments between them. >When they run out of banks willing to lend them money, they can go to the Fed. The Fed can then create magic money and lend it to bank A, who can then use those lended funds to send to eg bank B, which reduces their liabilities resulting in bank A being willing to extend them more credit. yes. whem 2008 happens. they do this. but here again. it is the private banks especially the 12 private banks which make up the federal reserve controlling the fed. not the government controlling the fed. this is why i blame the private bankers. and as i said. the fed is a private institution. it does not answer to the government. even though it does these sham senate hearing pretending it does. it will do what it wants to do. which is what the 12 private banks that own it. are telling it to do. not what government says. now if you are saying government should pass laws banning all this banking abilities to make money out of thin air. i don't disagree with you. i am just saying. government is just a puppet for people to take their anger out on. while your countries real rulers are the unelected private bankers.
You would simulate it offline first. You would go for an unhardened address first. A hardened (one you’ve NOT spent from and revealed the public key) is magnitudes harder.
I think anyone who is NOT in is going to be a miserable pauper for their final days
I’m by far not claiming to be an expert at all. My point is just you can listen to any conservative host in media and get one version and a liberal and get the complete opposite. It keeps tax policy in place that if it had not been done would have resulted in very high taxes for everyone. That wasn’t going to happen. I don’t believe at all that very rich are getting a break while everyone else is paying more. That’s not at all what I had explained to me on various shows. Not unless something changed very late in the process. ICE does get much more very needed funding. Anyone that makes the statement “round up anyone that doesn’t look white” isn’t someone I’m listening to. There is tons of really bad information about ICE. The last administration allowed in millions of people and now it has to be dealt with. That’s just facts. The belief people are being “kidnapped” or just grabbed off the streets is ridiculous. So ICE gets much needed funding to get more officers and locations to hold people being deported. Every single bit of that is exactly what was promised by Trump and the people that voted for him wanted when it comes to border security. The cuts to Medicaid I know involve mostly getting people that shouldn’t be on it to start with off the system. Way too many people scamming the system and it will be tougher now. It’s 100% NOT to take services away from people that need them. Again, watch two sources get two answers. Like I admitted I’m definitely no expert on this stuff and I don’t think anyone here is. We all have our opinion based on political views. That’s all fine just hope this sub doesn’t turn into a big political cesspool like so many others on Reddit. Need to remember what brought most, if not all of us here and that’s the belief in Bitcoin!
Take this from someone who's done what you're doing before but has seen the light: You've got too many coins and many with very small amounts. Even if they 5x you'll think "well, it's still not a super high dollar amount and things are pumping so hard now, i'll just keep holding...surely i can get a 10 or 20x on this". Then you'll round trip all of them. if you need to hold alts, just aim for a couple that you genuinely have strong conviction as long term plays (ie like people who bought ETH under $50 seeing its potential) Sure, you could get lucky and have a 100x meme coin, but you almost certainly won't because there are too many coins to choose from...and even so, you probably wouldn't sell. KEEP stacking bitcoin and just see it as a long term hold, don't even touch it. Your future self will be very grateful. If buying the alts, just put a small percentage into them. Crypto is NOT an easy way to make money and almost everyone will F up their first cycle. I applaud you for having most in BTC though - don't be tempted to swap that into alts...it will end badly for you. Good luck! ps i'm more than twice your age and i envy you for already stacking bitcoin at 18yrs old - just remember to be patient and persistent.
> you said government creates most of the money supply and inflation You're welcome to go back and read [my comment](https://www.reddit.com/r/Bitcoin/comments/1lq1uvk/comment/n14ykfy/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button), it says no such thing. To be clear, the "it" I was saying the bankers do using the govt as a tool is the creating of money and the "stealing". > so you admit I never claimed otherwise, and I made myself very clear what that you said I agree with, and what I don't. > fractional reserve banking was abandoned by usa in 2008 Well.. I know what you mean. Most of the reserve requirements were dropped to 0. Technically speaking tho, what banks do today is still known as [fractional reserve](https://en.wikipedia.org/wiki/Fractional-reserve_banking). Its really more about how the banks don't keep their entire banking assets as liquid reserves than it is about keeping a "fraction" of the reserves. > private banks have been allowed to create as much digital money as they want Yes, I agree. > they have not been limited by it In a way you're right. But in an important way you're wrong. Even without any reserve limitations, banks are still subject to the whims of the market and cannot simply lend infinite money. They go out of business if they lend to people who can't pay it back, for example. And there is a limited number of people they can find who can do that at favorable terms. If the US had a base money that didn't change in quantity, private banks would lend as much as they can, and this would cause lending to go up, and the money supply to rise as a result, in good times, and lending would go down in bad times, causing the money supply to go down. This would cycle up and cycle down around a stable midpoint that doesn't significantly rise or fall over the years and decades. This is because banks can't create money in the same way the fed creates money. The Fed can simply create it and spend it. It really is magic money with the Fed. But with private banks, the money they create isn't the same, its credit. Fed money is NOT credit. That's the fundamental difference. When private bank A loans $100k to Alice, Alice gets that in the form of newly created deposits. Magic enough so far. But when Alice wants to spend that money, for example by sending it to Bob's bank B, bank A tells bank B to credit Bob's account, and it does, but it also debits the account bank A has with bank B. This can be positive deposits or credit (negative deposits), but bank B is only willing to extend bank A so much credit, after which they'll have to borrow from someone else. When they run out of banks willing to lend them money, they can go to the Fed. The Fed can then create magic money and lend it to bank A, who can then use those lended funds to send to eg bank B, which reduces their liabilities resulting in bank A being willing to extend them more credit. Hopefully you can see what I'm getting at. Banks can lend out as much M2 money as they want as long as it stays in their bank, but they can't SEND as much money as they want to other banks. They can only send as much money as banks are willing to give them credit for. This limits how much money a bank can create via loans - because people with loans tend to spend their loan money. So you're right that there is no legal limit to the amount of money banks can create. But since business cycles last like 7-10 years, private banks ultimately always need to pay the piper at some point, and this guides their behavior. The Fed is completely different. The Fed never has to pay the piper. They don't have to convince banks to give them credit, banks have credit with *the Fed*, not the other way around. Ultimately, all banking dollars originate from deposits at the Fed. And only The Fed can create Fed reserves, private banks can't do that. I think maybe you'll agree things are a little more involved than the description you gave. But because of all this, all long-run inflation (inflation that sticks after decades) is caused only by central bank money creation. Private banks may create short run inflation or deflation within a decade, but without the 6%+ monetary inflation from the fed, we wouldn't have such massively different prices for things today vs 100 years ago. Happy to delve into that more, but its a topic that takes a long time and many attempts to get to the bottom of. I can admit that I myself have been convinced of things in this realm that I later found were not accurate. Broad strokes are easy to get, but the specifics are hard to get to the bottom of because our education system intentionally misleads us as to how banks operate.
Using BTC as your sole metric of economic success is **NOT** a mistake.
>If your interested dm me . If you think it’s a scam pls don’t even reply to this Don't worry; we won't reply to `you`. Instead, my reply is to anyone else coming there. The original poster is pushing a scam, one that you can and should avoid by simply **NOT DM'ING THEM**.
This should have a secret phrase or private key on it somewhere. It might be etched in or inside if you can unscrew it. DO NOT SHARE THESE. As soon as you reveal the words or the key the bitcoin will be gone.
No idea how old you are, but i remember a time when most people were NOT internet literate so any website that did a thing could easily raise tons of money. Then folks realized they only needed the internet to do a handful of things, and the tiny fraction of platforms that did those things well made many billions while the rest shriveled up and were forgotten. It is now called the 'dot com bubble'. Crypto right now feels like that. The trick is figuring out which is a YouTube or Amazon and which ones are neopets, club penguin, or Orliefangirlz.
Absolutely not. This is a safety issue. Do NOT tell her.
What "real world" application do you think cryptocurrency is tied to? Like I said the whole premise of cryptocurrency outside of Bitcoin is built on the idea that the chains are doing something useful. Eth and Solana are decentralized virtual machines where the coins represent compute units. Ontology is supposed to be identity management. FIL was file storage. Others are decentralized banking. How can you talk about investing in cryptocurrency and NOT talk about what the underlying chain is? Many of these chains don't need tokenization for what the underlying tech is doing it's just a means of monetization. Which is why I brought up the private enterprise chains. Cryptocurrency and blockchain technology are inextricably linked
It's always about patience... and NOT hearing those that want your bitcoin and try to convince you to "take profits"...
Everyone is NOT his own bank with Ripple. It's not a decentralized network like Bitcoin, where everyone can run a validator for example.
I would NOT be making extra repayments on a loan at 4% interest. Stack them sats baby!
I’m trying to time the market I’m just doing the most easiest thing to do. Waiting to buy in the bearmarkt. We are now NOT in the bearmarkt
The Hidden Road is a DTCC MEMBER, NOT A PARTNER. HUGE DIFFERENCE. That’s like saying I’m a partner at McDonald’s cause I ate a Big Mac
I'm not the 🤡 complaining about an institution threatening to close my account. Bitcoin gives people the power to custody their own money. What did you decide to do? Give an institution custody of your money 😆 The institution then threatened you with account closure showing you that you don't actually have control of your money. What did you decide to do? Complaint in the Bitcoin sub. Can't you see the irony here? If you held your Bitcoin you wouldn't have that problem. That was one of the reasons Bitcoin was Invented. To NOT have TP trust institutions. Oh well.
y 2027? and should i NOT be DCA'ing weekly?
Start with paper trading, using fake money to practice executing your strategy. Do NOT stray from the strategy. Most strategies will make you money, but the reason MAJORITY of ppl lose as traders is because of human error and emotion. Have good risk management, your first goal isn’t to make money, it’s to not lose money. Once you are a break-even trader over months and months time period, then look towards becoming a profitable trader, which can take a year or more. ONLY when you are consistently a profitable paper trader over the span of at least a year, you can open a real account. Even then, just start with a small amount of money. Real money’s and fake money have VERY different emotional strains attached to them and you will make dumb decisions with too much real money off the bat. I had 37k invested before I started trading. And that account I only used $100 as a total balance. As a rule of thumb only use 1% of your balance per trade. So for a year straight I was trading like $1 until I became profitable over a long period of time. Your ego will tell you that you’re different and don’t need all this patience. You’re better, build different ofc. Fuck off that thought if you get it, unless you want to lose it all quickly. Humble yourself, make the dumb decisions with paper money and a small starting balance. When there is no doubt in your mind and the statistics show you’re profitable over a long period, only then can you start to scale up the account to make some money. If you’re gonna be successful, essentially you’re gonna spend 1-2 years making absolutely NO money, while you learn risk management, emotional regulation and to generally not LOSE money first. Then once you’re undeniably profitable, start scaling up that trading amount SLOWLY over time. After a couple years you’ll have laid the groundwork to be a successful trader. Don’t want to do all of that, and want the process to be quicker? Don’t kid yourself, you’re not that guy, and just do something else with you time. This isn’t a get rich quick party trick. There are steps you need to go through otherwise you’re going to lose money in the long-run and have wasted your time that could’ve been spent on other things that would’ve made you money. Follow this general guideline, learn and improve every day, and eventually you’ll be a profitable trader. Anything else and you’re wasting your time. Good luck!
Rule #1 Do NOT take advice from randos on the internet.
Balance. Since you've already got a good stack, maybe buy a globally diversified stock index (in the US we have symbol: VT). Or an S&P500 ETF. Putting 100% of your net worth into one thing is so risky. I've got high conviction in BTC but also basic discipline and there i am NOT 100% in crypto.
this. leasing or renting sports car for a weekend is way more fun and cheaper. you get your kick, you exactly know what you will pay, and then its NOT standing around in the garage unused. and if you are a longterm bitcoiner, you can rent a lambo every month if you want lol. Or just rent some other sportcar every month. Owning stuff is overrated, especially if its a depreciating car.
now you tell me when did that guy start doing it? mean to tell me that while it was rising with 11/d he got 1 BTC NOT 100k. he, i bet, started at a way lower price. people always keep comparing to 1btc but never to actual fiat amount when its talked about
I know all that and you clearly didn't read the update... Read it. What the court says doesn't mean it's James view of it. HE IS NOT QUITTING NOR SHOULD HE!
I wish they could have gone into detail of how he was tracked and caught. Maybe it will come out as he goes through court proceedings. It sounds like he had a pretty sound plan, which would have been an easy moneymaker for him if he covered his tracks well enough. I'm NOT condoning the crime, I'm only saying that if he and his people had actually been practicing operational security and keeping privacy at the front of their plans, they may have gotten away. And, if he got 1.7 million, and even spread around, let's say 5 people, he would have had plenty of money to move to a very low cost-of-living country. Wouldn't have lived forever, but he could have started a new life and just made a new path. It's crazy how some people find such easy ways to commit fraud with crypto. And it's equally crazy how people end up getting caught, especially when they get several million in some cases, and stay in the US, where they actually enforce crimes involving crypto and fraud and all that.
I panic sold due to listening to noise too much, DO-NOT-DO-THE-SAME-MIS-TAKE !!
Take a few days and educate yourself about Bitcoin (NOT Crypto). "The Bitcoin Standard" and "The Bitcoin Whitepaper" should do. Then you can make a decision. [https://bitcoin.org/bitcoin.pdf](https://bitcoin.org/bitcoin.pdf)
Love to. 1. The first segment of the blockchain is lost forever, does not start until block 2,xxx ish. 2. Why does this matter? It was in these blocks where Garlinghouse (CEO) premined all the coins and gave himself and all high ups at the company their portion. Now no one knows how much they have (est 60-80% of supply) 3. Leads us to the first problems: lack of transparency, manipulation of price by these insiders. Next issue: Garlinghouse regularly goes on social media, news, podcasts and intentionally muddies the water between YOUR XRP token and HIS company Ripple tech. He lies. 1. The XRP token and Ripple tech are 2 separate companies. 2. When he goes and hypes up how many banks he has signed to use Ripple to settle payments, i bet you think that means XRP go up huh? 3. No. The banks use the Ripple software AND DO NOT USE XRP TOKENS to settle payments. Why the fuck would a bank sending billions of dollars send in a fucking token that is volatile? So in summary : Number one, Garlinghouse in cronies have an unknown amount of XRP that they got for free , then purposely destroyed the Blockchain that linked it to them so no one would know how much they control, they then use this to artificially pump the price, and make money to fund ripple tech. Then he goes on TV or podcasts and lies to you by telling you that the better ripple does the better XRP does. It does not matter how many banks he signs up because none of them are transacting using the XRP token.
M2 money supply didn't 2000x in 15 years like Bitcoin's price. It only did about a 3x M2 money supply didn't 100x in 10 years like Bitcoin's price, it only 2x'd M2 money supply didn't 10x in 5 years like Bitcoin's price, it's only gone up like 50%. M2 and Bitcoin's price are NOT proportional. There's a positive relationship that has had diminishing returns over time.
I knew about Bitcoin in 2011, and I did not buy. (I bought in 2013 and still did very well.) And I do NOT regret not buying. Let me explain… In 2011, Bitcoin was borderline illegal. It was being used primarily on the Silk Road to buy drugs over the Internet. It was seen as very, very shady. Yes, bitcoin itself wasn’t the problem, but in the eyes of people who had just learned about it, and statements from the government, one might believe there was a chance anyone who held bitcoin might be arrested, associated with the silk road, have their bitcoin confiscated, or even go to jail. Many politicians were angrily declaring that it should be illegal. FINCEN gave Mike Caldwell a cease an desist for distributing physical bitcoin. Banks were closing accounts of people who were buying and selling bitcoin. Some people didn’t fear it. But I sure did. I have a family and a good job and the last thing I needed in my life was any legal issues, even if I believed I was in the right. And perception - in 2011: if your wife or au 5 or grandma knew you had bitcoin - and they googled it, they would automatically assume you are using it to buy illegal drugs. Even though Bitcoin was not the problem, and it wasn’t true - I didn’t need people thinking that about me. When October 2013 comes around, the FBI very publicly shuts down the Silk Road. (I know it came back, but the public perception was that the government “took care of it.” And the feds made a poin5 to leave Bitcoin out of it. They did not bother bitcoin holders, nor did they say bitcoin was illegal. That was my signal to buy! Even though the price was lower in 2011, I didn’t need that kind of risk in my life. In 2013, it unofficially became “legal” in the USA. You can see it in the historic charts. one of the times when the price skyrocketed was Oct- Dec of 2013. It went from like $13 in early 2013 to like $1200 at the end of the year. It’s not because people “didn’t know.” It’s because they were understandably scared of the government.