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Isn't the whole point of Bitcoin to NOT compare it to fiat currency?
Liquid staking tokens NOT securities. https://www.sec.gov/newsroom/speeches-statements/corpfin-certain-liquid-staking-activities-080525
6 hours of bleed erased in 40 minutes. # ARE YOU NOT ENTERTAINED?
• Im hearing talk about how I should hold on a cold wallet instead of an exchange. How do I start up a cold wallet and transfer my BTC to it? How do I buy bitcoin on a cold wallet opposed to Coinbase? - Yes, get a hardware wallet aka cold storage aka cold wallet. - Buy a ColdCard or Trezor or Jade from the manufacturer, never 3rd party like Amazon (NOT Ledger) - Continue to buy your Bitcoin on Coinbase but look into another backup exchange as well. Transfer from exchange to your new hardware wallet • Is it better to buy a large sum of bitcoin about once a week, or buy a little every day? - there are studies done on this. Most say buy weekly or monthly • Is it worth studying DCA’ing? - Not study, but refer to the research that has analyzed % gain vs volatility over periods of time. Please leave any other tips you’d have for a beginner. Thank you for the information. - Never, ever, ever type your seed phrase into Anything other than your own hardware wallet purchased from the manufacturer. No pictures. - while waiting for your hardware wallet to be shipped, play around with a “hot wallet”, one downloaded on your phone and generates a seed phrase for you. This hot wallet is NOT secure but will give you good practice to send/receive SMALL amounts of bitcoin with. Think of a hot wallet as your everyday carry and your super secure cold wallet as your savings.
\*\*Note: Do NOT save them on your phone. Lol
*TLDR [NanoGPT](https://nano-gpt.com/) offers private access to every AI model you can think of. No subscription, pay only for what you use, text, image, video. No account needed. Reply for an invite, or deposit as little as $0.10 to try it out..* # Why is this relevant for me? If you want to use the top AI models (like o3-pro, Grok and Veo 3) but don't want a $200 subscription, we're the place to go. If you want to use the top AI models but don't like the idea of linking your name, personal details and credit card to the prompts you do, we're the place to go. If you want to use uncensored models, we're the place to go. If you care about crypto being actually used, we're probably a place you want to check out and give a try. ## Improvements - **Account deletion is now a lot easier**. This used to be manual which frankly, not great. You can now easily do it from Settings and optionally provide a reason for deletion, but there's no need to do so. - **Open source model mode**: toggle open source mode in [Settings](https://nano-gpt.com/settings) and all closed source text models will be hidden from the options. For all of the open source models that we offer we do NOT run them directly through the provider, because many of the best open source models are Chinese and frankly we understand that distrust. We use no-log providers and are largely moving to TEE. - **TEE models**: we have a [blog up on this here](https://nano-gpt.com/blog/trusted-execution-environments-and-confidential-ai-on-nanogpt). They are the most private way to use open-source models online. We have a TEE category where the models are verifiably run through Trusted Execution Environments. For the newly added Qwen, Kimi, and GLM (see below) we also run them through a provider that claims TEE, but we have not been able to fully verify that yet so they're not shown in the TEE category yet. Deepseek V3 for example can be run through TEE. - **Price decreases**: for video and image models we should now be pretty much the cheapest or close to the cheapest provider for all of them. If you're running text models via API we match the price of the direct providers or beat it, so let's say ChatGPT costs $5 per mln tokens directly through OpenAI, we now charge $5 per mln tokens via API ourselves as well. For many of the open-source models we're cheaper than any publicly available option. For anyone that wants to build AI into their application/website - deposit anonymously, don't create an account, yet get the same or lower prices than at providers that want your credit card. ## New models **Text models:** - Grok 4. - Vercel v0 models. Very useful for frontend development, especially next.js/Vercel applications. We're the only ones that offer this as far as we know. - [Study mode](https://x.com/NanoGPTcom/status/1951290272064627038)! ChatGPT with a custom instruction designed to help you learn through guided discovery rather than providing direct answers. - Qwen 3 Coder, Qwen 3 235b a22b instruct + thinking. - Kimi K2 (also via Groq for super-speedy inference). - GLM 4.5. - Step 3 **Video models**: - Veo 3 image to video - Veo 3 fast (cheaper), text to video and image to video - Wan 2.2 (full, 5b and Turbo). Cheapest version here costs just $0.05 per video and has surprisingly good quality. - PixVerse 4.5 - Vidu Q1 - Face swap video - Longstories The prices on our video models have also been much decreased. Using them directly via the website or via API we should now be the lowest or one of the lowest priced providers for all of them. We now also do automatic refunds for failed generations. **Image models** I'd love to list them all, but it's genuinely too many. We added about 30, the biggest ones are Flux Krea, Hidream Edit E1.1, and Higgsfield Soul. Also face swap, which is quite fun to do. Prices for our image models have also all been dropped. That's all - happy to answer questions, and would mostly be happy if this inspires some other merchants to also start accepting crypto.
Wow congrats. DO NOT TELL ANYONE
Many do it. I'm one of them. Before you do it, ask yourself if you'd be OK with your investment going to zero. Chances of that happening are near-zero, but NOT zero. You have to be OK with paying back that loan no matter what.
„Could it be better for an individual? Yes. Is it better for society? No.“ Weird, recently I hear so much about how the economy is growing but individuals (especially those that live paycheck to paycheck) are left behind. Maybe a money that does NOT systemically funnel purchasing power from workers to those with assets could be better for society. Maybe a money that disincentivizes speculation on real estate helps reducing rents and allows people again to use their hard-earned money to buy a home. Governments have shown to be either incapable or too corrupted to tackle these issues. The problems have just grown worse, like the amount of government debt, what a funny coincidence. Besides, even most good-faith governments would just use government money to put band-aids on issues that are (intentionally or unintentionally) created by inflationary money in the first place.
Hello, this is a courtesy message to let you know I detected a problem with the NP link in your [comment](https://www.reddit.com/r/CryptoMarkets/comments/1mfi6ai/is_the_market_declining/n6z7qzx/?context=3). Your link was: >https://www.np.reddit.com/r/ProfessorFinance/comments/1mhg6p7/financial_times_the_progression_of_trumps_tariffs/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button however, it should be: >https://np.reddit.com/r/ProfessorFinance/comments/1mhg6p7/financial_times_the_progression_of_trumps_tariffs/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button The "np" replaces the subdomain (usually "www"), rather than being added to it. Your comment has NOT been removed so you can simply edit it if you wish to correct your link. Your link currently may be invalid or display a security warning. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
>I know if you sell BTC for cash you're taxed. Mostly True - you're taxed on the *profit*. IE if you buy BTC for 100k and sell it for 110K, the 10k profit is taxed. >if BTC is moving from one wallet to another, hot or cold wallet, one can still be taxed. False. Simply moving BTC from one wallet to another is NOT a taxable transaction, any more than moving USD from one bank account to another is taxable. >But if one goes thru VPNs, non-KYC P2P purchasing of BTC, it says you're still risking being discovered and they can come and try to shake you down for what you "owe" the government. *Purchasing* of BTC isn't taxable. *Sales* of BTC at a profit are taxable. >I just want something I can hold on to until I'm old and not get robbed by the IRS. Then buy BTC and hold it. Long term capital gains are much lower than regular income. If selling your BTC stash is your only income when you're old, you could very well make sure to sell little enough in any given year to remain in the 0% long term capital gains tax bracket.
No one that actually cares about bitcoin is hoping anyone loses sats - that is just a lame take. Self custody is THE thing that makes bitcoin special. ANYONE that can operate a smart phone can move bitcoin to self custody using a BitKey by Block. That is absolutely moron proof. Then you graduate into other more private and secure setups as you learn. Do NOT settle for an ETF if you can operate a smart phone, you can handle it! 🎉
Be very careful and make sure you know what you are doing. There was a guy recently who lost 7.4 BTC because he wanted to make a watch only wallet. He downloaded a fake sparrow wallet mobile app and entered his seed phrase. His wallet was immediately cleaned out. Do NOT enter your cold wallet seed phrase into anything software application ever.
That's a good call. Self custody is IMHO the best way to HODL. I wouldn't move all of the money at the same time. Perhaps in two or three batches instead. If there's a sudden spike, you won't miss it completely. 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.
Hbar is NOT A SAFE INVESTMENT. It's not even an investment, it's a gamble and a scam. Link and xrp are not worth it to investigate
DO NOT reply to the massive amount of PMs you will receive. They are scammers.
Translation: *"Precisely created to NOT depend on wars or presidents. But the 'EXPERTS' use this false dependency when they’re wrong in their predictions. If they want to forecast correctly, they must dive into the MEMPOOL and understand it—not just drawing lines on charts as if they were Wall Street stocks."*
You’re right, based on your post you don’t know. The top 1% paid 40% of all income taxes in 2022, and the top 10% account for 72%. Truth is if you’re not in the top 10%, you’re living off other people’s money. No one wants to hear that. People love to say “tax the rich” and “only the poor pay taxes” but that’s 100% NOT TRUE.
He’s right… it’s NOT a currency. Dummass
Astute question. If time isn't an issue, and you can wait a day or two, there's no reason NOT to set your transfer at 1 sat/vbyte. That generally will get added to a block being mined in that time period. Zero is generally a bad idea. You can get a general idea of how "quick" your fee will work by looking at [mempool.space](http://mempool.space) \- and the best time to run transactions cheaply is when the world is mostly at rest, late at night on a weekend day.
UTXO, or unspent transaction output, is your real Bitcoin wallet. Your wallet app may show one wallet but in reality it usually generates a new wallet everytime someone sends you Bitcoin. For example if i send you 1 btc twice, your wallet app probably shows it has 2btc - but in reality you have two ”wallets” or UTXOs that both hold 1 BTC. **The quantum crackable public key of these UTXOs is not visible on chain**, at least not yet. The key to one of those becomes visible **when you transfer something out**. But fear not because the way transfers work: Let’s say you make a transfer out of 0.1 BTC. At that point the wallet(UTXO) that held the 1 BTC becomes visible and potential target to quantum attacker. But what actually happens in background is you send the whole 1 BTC from that UTXO(happens always and automatically). It then gets split so that the 0.1 BTC is sent out and 0.9 BTC is retuned to you - but your wallet typically creates a fresh UTXO for the change. The key to that new UTXO is again NOT visible on chain. The wallet that is now exposed no longer contains any Bitcoin so the attacker can only ever access your old, empty wallets. Unless you specifically tell your wallet to use the old address for returning the change or manually send some new Bitcoin to it. Which you should never do.
I'll give the benefit of the doubt that this is real, and not just scheme to get people to click that link (don't click that link). It's a scam, and again for everyone else, don't click that link. Sorry for your loss. DO NOT pay these people, or anyone in your DMs, any more funds even if they say you only need to pay them $X more to fix the problem. You will never see any of your money back; don't make it worse. As a general rule, if a site has no broader web presence and a URL that's the equivalent of a party\_gurl\_1990@hotmail type email address, you should be very, very skeptical. These are among the oldest scams in the book, and they operate by creating an interface whose sole purpose is to dupe you by "showing" you unreasonably good returns--what you're seeing are fake gains (or whatever) curated by them, but what you're paying them in fees are, of course, real dollars for a bunch of made-up busywork that they're convincing you is necessary because (1) you don't know better and (2) you believe that all the fake stuff they're showing you is real.
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.
Very easy. You're retired. You used to work as a trader on the stock exchange and did well enough to retire. Many people have achieved this. Not hard to understand. Whatever you do tho, do NOT tell em you won through bitcoin. Next thing you know you the cartel is in your home.
NOT one of us! Not one of us !
More of a reason to NOT buy when these ppl are benefiting from it....criminal
Get debt free get debt free Get debt free get debt free Get debt free get debt free Get debt free get debt free Get debt free get debt free Get debt free get debt free Get debt free get debt free Get debt free get debt free Anyome giving you any other advice is an idiot. Get debt free, your unrealized "gains" are NOT permanent or guranteed to cover your debt forever, they are not currently yours! You need to get debt free, continue investing, and then you are actually building wealth
If you buy 5k in btc now, and it goes to its current high of around 120k, you’ve made 250$ and if by chance it doubles. You get 3 grand profit. Throw that money in a lower cap like zbcn and at one dollar or even 50cents you are comfortable for the rest of your life. And ps it’s one of the few coins NOT following btc tantrums
If each cycle keeps decreasing in growth at the same rate then it will NOT outperform VOO, my post shows the math for that, but I’d love to see your math showing otherwise since you’ve done a calculation I’m sure
>Your 12 words is your paraphrase NO, IT IS NOT. If you can't use these words correctly, please stop giving advice.
> the rest of the word is discarded for seed generation purposes Is that how the Trezor firmware actually works? If so, fuck Trezor because that's NOT the standard. Per [BIP-39](https://github.com/bitcoin/bips/blob/master/bip-0039.mediawiki#from-mnemonic-to-seed), the ENTIRE mnemonic sentence is supposed to be hashed: > To create a binary seed from the mnemonic, we use the PBKDF2 function with a mnemonic sentence (in UTF-8 NFKD) used as the password and the string "mnemonic" + passphrase (again in UTF-8 NFKD) used as the salt.
>A passphrase is a password NO IT IS NOT. They are fundamentally different, and saying crap like this only perpetuates the confusion many people have about using them. A passphrase is added to the seed words BEFORE hashing them to calculate the seed. It's not a "password" that's added to or wrapped around a seed. It's a vital INGREDIENT to the seed.
Right now we are in institutionalization era of Bitcoin, yes there will be more companies and boomers buying that will drive up the price.. But DO NOT expect the U.S itself to accumulate any more bitcoin soon, doing it is EXTREMELY risky to the USD.
The peace of NOT having a mortgage is HUGE. Forget a bunch of payments and such !
Its hilarious people like you are the most upvoted here nowadays. Crypto is bleeding to death. Bitcoin has won, the rest is done. Donny has rigged the economy numbers and the are getting revised 90% down currently. We are days / weeks away from a huge 30/40% daily drop on alts again. Bitcoin will survive and thrive. The rest will survive but NOT thrive.
> I do want to re-invest in other projects If you want to take profit, use it to improve your life. Don't fall into the midcurve value trap and chase after lower caps just because VC invented another hot garbage narrative. Most of crypto is NOT INVESTABLE.
The price is impacted by a few things: 1) human behavior - this will NOT change 2) the supply schedule - is known and matters, but is predictable and lessens with time 3) the liquidity/flow of capital - more liquidity and more capital means volatility should be less in either direction. So it should be less volatile going forward simply due to the supply schedule evolution and greater liquidity. But human behavior will mean there's always ups and downs - just probably not 10x up and 85% down anymore.
I am BEGGING for another 50% drawdown I AM NOT DONE STACKING YET GIVE ME AŇO DE LOS OSOS BUKKAKE
Hey its 3% SO ALL CALM DOWN.. IM NOT AFRAID, YOU ARE AFRAID, ahhhhhhhh.
> This is NOT a post about PlanB You posted a screenshot of a PlanB tweet for the sole purpose of commenting on "the point he is making". It very clearly is a post about PlanB.
That’s the first version of the internet, just like Bitcoin. Obviously it was NOT adopted by millions of people across the globe because it wasn’t capable of doing so hence the multiple versions of it beginning with tcp/ip protocols. This is embarrassing. How old are you again? Probably the age of Eric Finman when he first got to Bitcoin?
HOLD THE LINE. Do NOT let these market manipulators scare you. It is of the utmost importance us redditors stay strong, together. If we fold now, we lose forever. Come on team Reddit, say it with me. HOLD THE LINE. I BELIEVE THAT WE WILL WIN. I BELIEVE THAT WE WILL WIN.
Everyone is different. Different needs. Different purposes. Some people need to keep their coins in exchanges to earn rewards, some others need hot wallet to make quick movements. Some others prefer hw for the illusion of security. For long term storage with no movements whatsoever, and stay like that for years, then you don't need anything. Just keep the seed in a safe place. Your money is NOT stored in a fancy usb device. Your crypto is just a registry on a blockchain, which you access using your seed.
It was a hard comment to answer. I predict a secular bull run in BTC myself, over the next 9 months followed by a mass sell-off. (Hysteria, blow off top, then bust ). Under these conditions you make bank. (DO NOT TAKE RANDOM MARKET ADVICE FROM STRANGERS THOUGH!) There are 2 glaring issues. Assume I'm 100% correct and we have a normal-ish cycle.. BUT first BTC goes to $75k and sits there for a while, you get margin called, even just a little bit, and THEN it goes to $250k. You'll miss a ton on the upside because of a short wandering trip to $65-75k. The market WILL be irrational longer than YOU have the cash to remain solvent. In fact, hedge funds can see your leveraged position, warts and all, and they are ACTIVELY WORKING to take advantage of the flaws in your position. (The only thing that has stopped them to date is it cuts both ways) The second issue is the strategy of it. I didn't get to where I've gotten to by taking such risks. Sure I could have owned BTC earlier, but if I ignored my principals I would have used Mt. Gox as an exchange. Because I set guardrails for my money (Like don't trust your cash to former Russian scammers) I skipped those blow-ups. Lower upside, lower downside. IMHO it was worth it. In this case, I have a rule of don't use leverage for risk-on assets. It can be OK for other things (I have a mortgage after all). Figure out YOUR ground rules for investing. Study deeply the PRO/CON for each asset. Every single asset class has at least 5 big risks, if you don't know them you are just ignorant, which should scare you!. For example USD has devaluation risk, seizure risk, bank closure risk, bank counter party risk, and fee risk. Land can be polluted, damaged, seized. BTC you can loose your keys. You can memorize them only -- but what if you have a stroke -- If you only use a memorized seed phase you are one medical event away from being broke! If you give out your codes, then that becomes the risk instead. Once you know your rules don't break them in the hopes of making bank. Always know the risks.
4 years of SEC battles in court and NOT a single complaint of corruption/criminal behaviour put in front of the courts by the US government. Yet here we are the all knowing sleuths of Reddit clowning around like kids :o)
I really hope you're joking. Please DO NOT do that.
Institutions backing? They wanna make dollars, not be praised for having diamond hands. And during the real correction they gonna sell, not try to catch a falling knife. These institutions are NOT our friends.
Yeah sorry, it wasn't "nodes" who agreed in a closed door meeting in Hong Kong to compromise between big blocks and small blocks because they were terrified that a major split in the industry would destroy the business model.[BITCOIN IS NOT A DEMOCRACY](https://miro.medium.com/v2/resize:fit:720/format:webp/0*6vmglUdb7PX_glRG.) It was a consortium of massive mining companies. It was very obvious whatever the majority of mining companies supported would go through.
So the "Strategy" was basically doing a leveraged long position on BTC without a broker; and therefore, without the risk of being liquidated? And there are still people around who say that it's NOT a Ponzi scheme?
TBH I don't see anything NOT getting wrecked in the bear markets, inclucing BTC - Volatility is a feature though, and increases the chance of opportunity - some smaller caps will heavily outperform large caps and see much higher %'s, but they are also further up the risk curve - It doesn't matter where the peak is if you accumulate during the bear markets though - while price is down anything you purchase is just lowering your average buy cost - and the biggest opportunity is at the bottom of the bear market.
>I have no access to FedNow or RTP that's for financial institutions. Just saying, the notion that traditional finance only operates 9-5 is a myth. >That's their decision. But the transaction would go through quickly. Then how does Bitcoin help your situation? >Your standard small business is paying around 3% and .25c. Citation needed. >You are being purposely obtuse. Reread my comment again. Ok. You said: "I've shown you that customers are willing to pay for quicker finality. It shows there is demand for it. I honestly don't understand how you can read that and understand it and then ask me 'why is finality so important?' It's clearly important to some people for some types of transactions." You haven't shown that "customers are willing to pay for quicker finality." All you've shown is that Venmo offers it as an option. That is NOT the same thing. >I did not say this. I never said this. You're right, you didn't. What you actually said is: "I've shown you that customers are willing to pay for quicker finality." Except that you didn't. You misunderstood what you "showed." >This is a great example of how you are completely misconstruing what I'm saying. No, you're misremembering what you've said and what you think you've "proven." >I did. I gave you multiple examples. Yes, NOW you have. And we're still working on whether they're valid examples or not, because you haven't shown how Bitcoin would have helped you in either example. >And that's my point. If I need to pay someone RIGHT NOW and my business depends on it and it's past banking hours and over the low Zelle limits I'm shit out of luck. And like I said: "even YOU must see how much of an edge case that is." >You are severely confused. No, you are. >I've given you examples of why you don't understand our current financial system Which led to me proving how YOU are the one who didn't understand how the current financial system actually worked. >why you don't understand bitcoin No, all you did was spout jargon about decentralization, P2P, and finality. At no point did you demonstrate any awareness of how Bitcoin actually works on a technical or economic level. You even forgot the fact that Bitcoin isn't truly P2P because it relies on miners as intermediaries. >why you don't understand why a person/business would like instant payment vs waiting I understand why someone would WANT that. I'm just asking you to quantify what the actual benefit is, other than using increasingly unlikely edge cases. >, UX vs backend, etc. You're the one who thinks the financial system shuts down at 5pm. >You have consistently misconstrued what I said. No, I haven't. >If you don't think bitcoin will be useful for ANY type of payments in the future, fine. Believe what you want. Not what I said. What I said is that Bitcoin hasn't proven to be MORE useful than the current traditional financial system in any niche.
113 - 113.5k FULL PORT LONG. THANK ME LATER. OR NOT I DONT REALLY CARE. JUST GET RICH
sorry if i was unclear. we actually do NOT COLLECT, all we do it MONITOR, and then notify the exchange that we use (for example Coinbase) to invest the amount of which we monitored. i will for sure need to do more research into the legalities of everything though. we use Plaid, which handles other major companies users banking info. a user enters their bank account info through Plaid (a third party) and then we just monitor the data through that.
>This is the same issue you had with Zelle. >You equate UX with backend. No, you equate backend with the whole system. I understand how the backend works for all of these systems. But people don't interact with the backend. >See, you are doing it again. No, I'm not doing it again. You're again equating backend with the whole system. >It's not a replacement for cash. You still aren't getting it. >Physical cash is the base layer for fiat currency. >A bitcoin transaction is the base layer for the bitcoin network. >That's why they are equivalent. Physical cash is not the base layer for fiat currency. The dollar is, no matter what form it takes. Physical cash is just a representation of the dollar for physical transactions, but banks don't literally ship pallets of cash to each other to settle transactions. That is why they are NOT equivalent. >You are wrong and it's easily provable. Many companies accept bitcoin as payment. You can also go to other countries and pay using bitcoin. >You keep repeating this lie, but it's verifiably wrong. Like I said, if you want to claim that Bitcoin is a currency with a very limited scope in terms of what can be purchased directly with it, I'm not going to object to that. >But you HAVE been objecting to this! Look at the quote above, you have literally been rejecting this idea for multiple comments now. No, I've been rejecting the notion that Bitcoin is money, not currency. Do you understand the difference? Only in my last comment did I touch on the idea of Bitcoin as currency, which is when I specified its limited validity as a currency. >Sure, if I had Laotian Kip on me I couldn't use that to buy anything. Literally nothing. In fact, I couldn't even exchange it in my city as no exchange would take it. But that doesn't mean Laotian Kip isn't a currency. Actually that's exactly what it means. Unless the merchants where you are accept an asset as currency and denominate prices for their goods/services in that asset, it's not a currency where you are. That doesn't mean it isn't a currency in Laos, but it's not a currency in most countries. >How would you not know? You could just look at a chart to see it's relation to whatever fiat currency you want. The fact that you need to look it up at all is my point. Those charts only represent what the last buyer was willing to pay, but there's no guarantee the next buyer will pay the same amount. Its value is not "real" until someone else as paid you real money for it, at which point you have gained "real value" and your counterparty has lost "real value" (in the form of real money, not Bitcoin). >If I sent you 20,000 Colombian Pesos would you know how much you can buy with it off the top of your head? Colombian Pesos aren't a currency here. It's a currency in Colombia and any other countries that accept it. >What if I gave you a pebble of gold? Not a currency here either. I know there are some jurisdictions where it's still accepted. >So there is no real value unless you know the conversion off the top of your head? There is no **real**ized value until you've exchanged it for real money first or have established an agreed-upon price in a real money with your counterparty and completed the transaction. If you're just holding it with no counterparty, there is no way you can have any "**real**ized" value because you have no counterparty. >I'm pretty confused at the point you are making here. Yes, simple concepts like "prices" must be very confusing. >Many reasons, honestly too many to list. >P2P can be cheaper, faster than current financial processing. (NOTE: I said CAN be. Not ALWAYS IS) >P2P can be run 24/7/365 So does the traditional financial system. I can send a Zelle at 2am and my friend will see it represented in their account immediately. And yes, in this case the backend DOES run 24/7/365, not just the UX. It's not like American banks shut down their data centers in Nebraska at 5pm EST. >Think of using a credit card to buy a $200 dinner. You are borrowing money from a credit card company with a very high APR, that credit card company is then sending an IOU to the restaurant's credit card processing company and then in 1-3 business days the restaurant will get that money. The credit card company will then give the user 30 days free interest then start charging interest. The restaurant pays $6.25 for that service. There are about 3 different 3rd parties involved each getting a cut of transaction with YOU as the consumer are paying for whether you see it directly or not. >Clearly P2P would be faster and cheaper. And you don't even need to go to bitcoin for this, just paying physical cash for dinner would be faster (instant) and cheaper (free). Speed is a property of cash and other portable physical assets because they are portable and physical, not because they are "P2P." Speed is not necessarily a property of P2P. Also, we're talking about Bitcoin, so use Bitcoin examples. >I never said 1 hour finality is important. I'm not disagreeing with that, but I never made that claim. You specifically called out "finality" and "P2P" as the properties Bitcoin shares with cash that makes it a cash equivalent: "And you are absolutely right I'm harping on decentralized and finality as those are some of the KEY components of what makes a bitcoin transaction different." >Finality time CAN be important depending on the transaction. 1 hour is certainly better than 1-3 business days. >For example (and I'll do one without even using bitcoin) -if you want to withdraw your Venmo balance to your bank account it takes 1-3 business days, or you can pay a % for "instant" withdrawals. Clearly there is interest in users who don't want to wait. That's not an example of importance. That's an example of speed being an option. It's also not an example of Bitcoin's finality being useful. You keep bringing up examples of how other financial products are useful, but not one example of how Bitcoin would be useful. >You appear to keep being confused about the gold standard vs. reserve assets. I am not. You're just digging your heels in and refusing to believe that cryptobros want a Bitcoin standard, which starts with Bitcoin being adopted as a reserve asset. >I do too. Clearly not. >And I think a decentralized, global, digital P2P monetary network that runs 24/7/365 is a benefit to society. That's just a bunch of buzzwords that don't translate to actual practical utility.
At this point in the game it’s straight up weird to NOT have some % of BTC in your retirement portfolio.
I have to assume this post is clickbait, because no one can truly be stupid enough to keep so much in a hot wallet. > I am trying to get all of us victims together to see if there is some sort of common denominator or trend. There *IS* a common denominator, and it's obvious. > Your crypto is NOT safe in Exodus. No kidding. It's not safe to keep more than a small sum in a hot wallet. If this post is real, you've got no one but yourself to blame. You bought crypto without learning the basics of crypto ownership.
Also designed to be transacted with, NOT held as an asset of value… Please run some simulations while keeping this variability in the spotlight
This is only better than the first because you set the bar so low. The relationship between gold and printed dollars is NOT like bitcoin and the lightning network. It's not some small squabble, this is such a disregard for what the details are that you should be in jail.
Putting all these pieces together to help privacy doesn't change the 15 decoys statement. Most of your critiques didn't answer my questions - you start talking about FCMP++ Which I understand but Eth talked about shading for 5 years. You actually depend on OTHERS OPSEC NOT YOUR OWN. "Battle-tested" doesn't seem quite right when it's just driving the fees up to keep people from unwinding the privacy by spam?
please anything you do, keep self custody and please DO NOT PANIC SELL
To be precise... i know that's something you struggle with.....they list oracles as key infrastructure.... chainlink being the #1 oracle this statement is obviously positive.... but it's also a given..... so nothing new they DO NOT list chainlink specifically as key infrastructure.... your statement is purposely misleading as usual...... chainlink is credited with an image and the explanation of what an oracle is
1- Monero isn't transparent, Monero uses RingCT (FCMP++ coming soon), uses Stealth addresses, Bulletproofs+ (ZKP) and Dandelion++ (protect your IP in network layer) 2- This is your opinion, ok. 3- AI and metadata? You know what you say? 4- The ChainAnalysis enterprises only can track Monero if you have a bad OPSEC (this will be solved with FCMP++, but I recommend use NON-KYC, and **USE YOUR OWN NODE, ZCASH NOT SOLVE THIS, AND NO PROTECT YOUR IP IN NETWORK LAYER LIKE DANDELION++**). You can buy Monero without KYC in: * Retoswap.com * BasicSwapDEX * Eigenwallet.org * Trocador.app (Agregator) * Cyphergoat.com (Agregator). Coming soon: Serai.exchange
At this rate, it seems so. The rapid accumulation of the supply right now NOT by consumers but by fat banks and funds whether by proxy or otherwise and by gov's shows 'nothing changes though everything changes'. Hopefully we are both wrong in the long run.
Do not use safety deposit boxes and do NOT split your seed up. Using SeedXOR or Shamir's Secret Sharing changes the split advice - don't just split up a bare seed phrase. A multisig key in a safe deposit box could be okay also.
Bitcoin is NOT capitalism, it is capital, you are a fuckin' bot not knowing the diference. Do you even realise what you are writing? No, because you are not Turing-complete (luckily). Who are "we"? Are you a hive mind?
> Its just you always have skin in the game so you don't feel 100% of the fomo. I think this is what I mean. Like, you emotionally compose yourself to NOT buy with ALL of your liquid when you see it go down or up a bit, so you're not locked into an asset that you start out negative on. I do this mostly because I don't trust etherium 100% to just pump from here on out. And I fully expect there to be a bear market in the next years. If I didn't, I would just put money in and leave it to do its thing.
Okay. I had a feeling someone would say something along these lines. Gonna ask AI how to do it. Appreciate the affirmation NOT to go to geeksquad.
Ironically opinions like this have been consistent during bitcoin's 16 years. Understand that it's been proven wrong as long as you hold long term. It's NOT a get rich quick scheme but it is a get rich slow scheme. Also worth noting is that it's not even that it always goes up as much as the dollar is always going down. Yes there will be massive drawdowns but it's the volatility that allows it to appreciate quickly with volatility to the upside. I understand it's not for everyone since those drawdowns can be sickening so invest according to your own risk tolerance and financial situation. Probably best to diversify with some S&P, maybe even some gold, other ETFs, some real estate, and definitely some bitcoin. Usually these people will tell you "I told you so" in a down market though which has turned out to be the best times to buy. Speaking as someone who's been through multiple cycles now for what that's worth
You don't need to stake bitcoin. It appreciates 90% annually on average. You just have to hold it. Do NOT leave your bitcoin on a exchange. It's not insured and you risk losing it all.
Lmao, that is exactly what this article is NOT about. Tokenisation goed further than stock markets
Bro for the 1000 time, this is a CRYPTO sub, NOT a BITCOIN sub!!
The BCH price would go to 0 after it was “hacked” like that. So if they can not offload the BCH quick enough the profitability is NOT the same. Also attacking BCH like that would most likely dunk the price of other coins just because of the panic if it can be repeated on BTC. I know how to decide that, but most people don’t.
Oh no Your money is gone. DO NOT give them any more. I repeat DO NOT give them any more.
Ouch. Say goodbye to your money and DO NOT send them any more
Check out $PEP (NOT $PEPE, that's a token)
Know that the $19k threshold is only for filing a gift tax return, but any amount up to the 13.99m lifetime exemption is NOT subject to tax.
And ppl were downvoting me for telling them NOT to buy XRP... Get some KTA. It can run to 5+ dollars and you might recoup some money.
This circle jerking on bitcoin lending has to stop. It all comes from Michael Saylor. But people thinking they are on Michael Saylor’s level and able to get the same banking amenities he does are delusional as fuck. So until some real solution for getting loans against a “smallish” bitcoin collateral it’s not gonna be safe or a sensible decision to pursuit this for 99% of the population. The main issue is volatility. Bitcoin markets could see a 50-60-70-80% drop within DAYS/weeks. That’s instant liquidation for so many people that just won’t have more coins on hand or the cash to payback the loan. Listen I got liquidated before while margin trading on kraken and lost nearly half my stack at the time. Getting forced to sell at the very bottom SUCKS. I bought back almost 10x more than I lost after selling a business, but I learned my lesson. I’m not playing with leverage on bitcoin ever again. And don’t be fooled getting a loan against your bitcoin is just leverage. I’d pay the taxes twice to never have the stress I experienced when I got liquidated brother. It was NOT fun
Do NOT go all in bitcoin. Diversify. Play responsibly. Anyone going all in is accepting greater risks for greater rewards or greater losses. No one knows the future.
Welcome abroad. 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.
You should NOT be holding that. It’s a day trading ETF. If you run the calculations, it’s just going to eat away any gains, because it resets daily.
The only thing that matters with a BIP39 seed phrase is the first 4 letters, the rest of the word is discarded for seed generation purposes. All 2,048 entries on the word list have a unique first 4 letters, and there is only one accepted spelling for each word. The passphrase, as mentioned before, is a completely separate word, can be up to 50 ASCII characters, and absolutely should NOT be from the seed phrase list (as it is completely trivial to append + test 2,048 entries).
Not ATH, more like a local top. The problem is, MACD 1d is showing a potential trend reversal for ETH, which might happen on Wednesday - the same time that FED announces their decision & Powell discusses his sentiment on the overall economy. Wednesday will be highly decisive on whether we will have an altseason in the coming weeks (NOT months) or not.
Fine for retail to gamble on memecoins NOT FINE for significant amounts of tradfi money bringing real world assets on chain. They’re never gonna trust Solana with size
Remember when “chip” first rolled out like 20 years ago - Europe wouldn’t even accept credit cards with no chip - but hey guess what - even in Europe the CC fraud was out of control for online orders, telephone orders, didn’t have to use the chip for those… And here we are 20 years later - most stores I go to don’t have the chip set to required - most stores allow touchless with no signature, no ID check, a good 90% of them no cctv pointing at your face, etc So yea, there’s a lot of reasons why CC Fraud still exists If you do try going the virtual cc route - be sure to only work with cc companies who allow safety/security settings that help prevent fraud, keep the virtual card set to “off” or inactive when you’re not planning on using it, keep your $$$$$$$$$$$ as far away from the CC account as possible - sure it’s all digital and automatic if you want “easy” - but I don’t want easy - I want safe/secure - I’ll send the $$ to the card - you will NOT take the $$ from my wallet ( as example ) Do your due diligence
Do not trust anything that isn’t from within the security bubble - meaning when YOU logged in, yourself - to the app or website. No sms, no calls, no emails. If you’re concerned something in sms, call or email might be real…? Log in via your own app, or by going the website yourself in a new browser tab. NOT by interacting with anything you’ve received!!
DO NOT ANSWER DM’S! Everyone will try to scam you. Take what you’ve learnt from the comments and ignore messages.
1 BTC will never make you rich. I'd throw a few grand in the next up and coming coins. NOT tokens. Im seriously interested in $pep.
its because we are not in the 'beggining of BTC" as people say here and other nerd forums. Its reaching its limit. The people who understood "Oh I gotta buy before VISA and APPLE start accepting" already bought. It will NOT take over the planet, sorry =/ Its just a niche thing.... like we or not. (print this and prove me wrong in 10 years when each BTC worths 5678976578 billion tons of gold, please)
You’re doing great already — seriously. Buying regularly, holding long-term, and self-custodying your sats with your own keys puts you ahead of most people in this space. Trust Wallet is a solid start for mobile storage, and yes, owning your keys there means you’re in control — that’s the core principle. Trust Wallet is what we’d call “hot storage” — meaning it’s connected to the internet, which makes it convenient but also more vulnerable to hacks, device loss, or malware. If something happens to your phone and you didn’t back up your seed phrase securely, it could be gone. A common rule of thumb. If losing the amount would seriously hurt — move to cold storage. 1. Buy a hardware wallet — reputable options include: • Coldcard (Bitcoin-only, highly secure, more advanced) • BitBox02 • Trezor • Ledger (popular, but note the recent privacy concerns) 2. Set it up offline and write down your seed phrase safely. Do NOT take pictures or store it digitally. 3. Send your Bitcoin from Trust Wallet to your hardware wallet address. 4. Optional but wise: test with a small amount first before sending your full stack. You’re already doing the right things. Cold storage is just the next layer of protection for long-term hodlers — think of it like moving your gold bars from a backpack to a vault. 😄 If you ever need help picking the right hardware wallet or setting it up safely, feel free to ask — the community’s got your back.
If seed phrase was built on bep20 — 1. Buy a trezor (or cold storage device — cold card maybe) 2. Recover wallet 3. Put seed phrase into wallet device (NOT THE COMPUTER, DMs, nor a hot wallet) 4. Verify funds 5. Stack, store, smile 😀 6. Extra tip — Maybe get some tax advice
Sure. But make sure that if you're buying into something, you look at the full chart, and then the yearly. Don't buy anything that's already hit the ATH this year and has been going up and up this year already. Buy the ones that LOOK dead in the water but have like 200M+ market cap. For example, I sold my XRP when it hit ATH this year, to buy some TEL. And I'll probably buy back into XRP because it's a good project, but NOT until it's been playing dead for a while.
What do you think "cold" in "cold storage" means? Trust Wallet is NOT cold storage.
The decision between HODL or Cashout is yours based on your current need for money, your belief in btc, and your life goals. This is the BTC sub and everyone will tell you to HODL. What you decide to do with it will change what technical steps you have to take. If you want to sell, you sweep your wallet into an exchange (Kraken or Coinbase), sell and cash out. If you decide to hold, buy an hardware wallet, set it up and sweep your old wallet into your HW wallet. In any case, follow these rules: 1) DO NOT answer to any DM here 2) DO NOT provide your wallet to anybody 3) DO NOT expose your wallet online for any reason 4) DO NOT accept anyone's help Hope you the best. You have some reading and learning to do to figure this out. NOTE: the two above options are not meant to be technical guides. Please be aware that not all steps are described properly. Ask chatgpt for help with that (never provide it with your wallet though)
If you've been here for "a while" you would know that not only is everyone NOT panicking, you would see that many of us are having a laugh at a tiny drop just to make fun. It's a slow day, join the laughs.
Do exchanges and hot wallets have insurance or some other coverage to compensate if there is a breach and your assets are stolen and it was NOT the customer's fault? For instance an inside job or a hack job or something like that?
Paying with bitcoin should NOT be a taxable event. Exchanging the dollar for the euro is not a taxable event either.
If you’re trying to save up for university I would highly suggest NOT investing in crypto. It is a speculative asset and nobody knows how it could play out over the next few months, year, 5 years, etc. Don’t invest with money you can’t afford to lose. Are you prepared to invest in BTC at 120k and watch it drop down to 30k? Do you have an exit plan if things go south? Do you have a price target if it moves up where you are comfortable selling? How much money a month of you willing to invest? Depending on your country, you can try Coinbase or Robinhood, or any of the major crypto exchanges
I just want to clear up some technicalities. You CAN NOT store bitcoin on a hard drive. Bitcoin is never taken off the network. What you store is the key and address to manipulate specific bitcoin in the network. Imagine a file cabinet with a quadrillion drawers. Each drawer has a label, a public address. Your Bitcoin is in one of those drawers. You need the key and you need to remember which drawer it fits. So you put the key in your wallet with a tag that says file cabinet 1bc399373….. That’s what you are storing.
That is totaly NOT the purpose of Bitcoin, your thinking is way off.. really way off