Reddit Posts
Mentions
DO NOT USE IT FOR ANY REASON. Don't use one that appears to be new at a yard sale, pawn shop or from a guy that says it fell off a truck. Only use one purchased from the manufacturer or one of their authorized dealers. Consider yourself warned.
We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick and read this short guide, please: **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting. Now, don't buy a fake Bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill or LN Pizza [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
BRO YES. that’s like the only risk fam. Throw it in the nearest body of water immediately. Do NOT let that device enter your home. It could be scraping your network and devices as we speak if it’s been modified
It's not even a very complex "coin toss". The process is simply: 1. Pick a random 32 bit (4 byte) number. 2. Using a pretty simple computation, combine that 4-byte random number with the other 76 bytes of a valid block header. 3. The result of that computation will always be a 256 bit (32 byte) number. 4. Compare that 32 byte result to the current difficulty target number. 5. If the result of your computation is less than the target, you get to broadcast the block which pays you 3.125 BTC plus transaction fees of all transactions in the block. 6 if the result of your computation is NOT less than the target, go back to step 1 and try again. (The calculation in step 2 is called SHA256. There are videos and blogs that show how to do it by hand with pencil on paper. It isn't difficult, but it has a lot of steps and one mistake results an a completely invalid result. A computer, or ASIC, can do it VERY fast. The best ASICs at the moment can do about 235,000,000,000,000 of them every second. The average human can probably calculate one SHA256 result by hand in one to three weeks).
NO ABSOLUTELY NOT A 0.01 BTC UTXO is ideal for sending to a cold wallet because it balances fee efficiency, spending flexibility, and future usability. Smaller UTXOs help optimize transactions by avoiding high consolidation fees when network costs rise, ensuring they remain economical to spend. They also provide better control over transaction size, preventing dust issues while allowing for precise spending decisions. As Bitcoin's price increases, 0.01 BTC remains a practical unit for future use without excessive fees.
you don't see the contradiction in listing random shitcoins and letting your customers sack with the bag and then a sentence later saying "oh but as long as their reserves are OK and they are compliant, its all good bro"? Shitty shady greedy exchanges that launder money through lithuania are guaranteed NOT compliant, NOT solvent and NOT fair. Point being, you are an absolute donkey if you trust a company like this to hold your money on their wallets.
DO NOT use any open box cold wallet.
**Fake news**. link or deletion? come on, this is NOT the place or time for jokes.
> I’m especially confused that the price is so low since the trump admin sounds like they want to buy crypto and the price still hasn’t budged much Just for clarity, the Trump admin has issued an Executive Order saying they will NOT buy crypto, but may sell it. The same order said they will not sell Bitcoin but may buy more. Eth is dying gradually (but the end will come suddenly).
Try a grammar class if you're feeling that lost... LOST NOT LOSSED BTW theres no such word
but alts can give u -99%, btc will NOT, i can confidently say
DeFi is a bullshit scam narrative from the Summer of 2020. DeFi is ScamFi: - Essentially a Shitcoin Casino. Leveraged plays, trading shitcoin tokens, earning yield on shitcoin tokens, providing liquidity on shitcoin tokens. NOT FINANCE - Every player like, MakerDAO, AAVE, LINK etc, is COMPLETELY CENTRALIZED - There are NO real life financial products like life, home, health insurance, mortgages, home equity loans, car loans, personal loans without massive collateral, commercial loans, etc. Again, shitcoin trading, yield farming, etc is NOT FINANCE. - Then you slap some scamified metrics like TVL based on scam tokens locked up to make gullible fools believe real capital is locked up instead of vaporware scam tokens.
I'm at 4% minimum gain per day. That's just futures trading though. There's a lot of risk. Futures are NOT for everyone. But you can gain BTC without spending any cash. If you try it, I'd recommend using like $10 and try to double it. When you can do that reliably, scale up.
First thing: DO NOT REPLY TO ANY DM's I can share a plan here not in DM lol. Just tell me your country and after tax net amount.
To a degree yes. But with stocks have fundamentals. Fundamentals in investing are based on PE (Price to Earnings), revenues, future growth, return on equity, profit margins, the economy, interest rates and other financial data to determine the fair market value of a company. If the price tanks low enough, it will scream buy because PE will be low enough especially if it's a growing company. Crypto has no such fundamentals. It's based on speculation that the price will go up because of demand, macro conditions, hedge against inflation, etc. This is true for Bitcoin. This is also true for Gold. This is why Warren Buffet doesn't invest in Gold -- he does not touch speculative assets. The problem is crypto investors financially illiterate and think their shitcoins have utility and fundamentals. You will often hear illiterate crypto bros saying, the price keeps tanking but I am buying more because the fundamentals are still intact, the tech is great, etc. Technology, Scalability, TPS, Energy Efficiency, Network Security, Decentralization, Feelessness, etc all these attributes that crypto investors keep pointing to as fundamentals are NOT fundamentals. And yes, the mETH Head brain rot mantra of Triple Halving, Supply Crunch, RWA are all meme narratives and NOT fundamentals. If you try to value ETH in terms of PE ratio, it would have something 130+ PE ratio. For comparison, the S&P 500 has like a 25 PE ratio which is considered historically overvalued. High growth companies like Amazon and Apple have PE ratios in the 30s, NVDA an ultra high growth company right now has a PE in the 50s. Only meme stocks like GME have PE ratios in the 130s. **So ETH having fundamentals is a Meme.**
Lmao so hostile, I will repeat it once again and hope you finally catch it because it looks like you are fightning people in your head I’M NOT CLAIMING TO KNOW IT, I LITERALLY SAID I DONT KNOW WHY
You can’t afford NOT to buy bitcoin.
>isnt this a fundamental flaw of bitcoin that IT DOES NOT HAVE "CONTROLLED" INFLATION? Bitcoin not stealing from anyone who holds it (the opposite of the dollar and other fiat currencies) isn't a flaw, it is a feature. "The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” Satoshi Nakamoto
i have heard michael saylor and btc maximalists talk about inflation in such a bad light that i started to wonder about as to why it happens and how is it so wrong? but all the economists be it left wing or right seem to say a controlled inflation is a good thing.. so regarding that.. i agree that usd inflation is outta control but does that mean we have to buy btc that doesnt inflate at all? cz the michael saylors of the world and blackrocks and vanguards of the world dont care 2 sh\*ts if it goes up or down or sideways they're literally either playing with investor's money or your pension money.. so if inflation is necessary and those economists are right.. isnt this a fundamental flaw of bitcoin that IT DOES NOT HAVE "CONTROLLED" INFLATION?
Wrapping in an envelope with big letters "DO NOT THROW AWAY" on both sides helps.
"oh no! My crypto is ALL gone, AND everything went up. Everyone needs to know this. It is NOT like a boating accident at all"
No matter what you choose, do NOT buy any asset all at once. Steady buys over time.
Definitely DO NOT buy now and sell in a year or two unless you want to lose money. . Imo if you buy now you should be willing to wait close to 4 years. You could buy now and profit in a few months.. it or could go down. The only way to be pretty sure you will profit is to be willing to wait 4 years, or wait for the crash that could be a month away, or 6 months away then buy and wait for the next bull run (late 2028).
I think you should do some more research on cryptocurrencies OR buy a broad based stock market index fund (eg All World Index, S&P500, Stoxx600) instead of crypto. There's plenty of scams and dodgy platforms about, and being uninformed will likely cause you a lot of pain or to sell at bad points. There's no such thing as easy money. The era where you buy $100 of BTC and come back to it a millionaire is almost certainly over. I'd also recommend "dollar cost averaging" where you buy a little each month instead of large lump sum purchases as this makes you less dependent on timing the market. If you're insistant on buying crypto and want easy buys, you're best with BTC or ETH. Both are currently at one of the lowest points they've been since the US election (Nov 6th), and are considered staples of the industry so carry less risk than smaller tokens. Personally I think both have some growth room to the upside, but there are bear market fears you need to realistically account for, it's possible that money you put in today won't be liquid for three or four years (you could spend a long period at a loss if the market turns). Do NOT under any circumstances touch memecoins, anything to do with celebrities or anything a youtuber recommends. They pray on your ignorance. Don't let "get rich quick" lure you in, the only people getting rich are the insiders (see Hawk Tuah scandal). I've chosen to advise what I think is in YOUR best interest, instead of what is likely to be upvoted.
Would it be wise to plant a tree today? >and would like to learn a lot We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick and read this short guide, please: **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting. Now, don't buy a fake Bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill or LN Pizza [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
It’s “your”, NOT “you’re”. Just saying 😂
Cuz they can't. There's things they can do regulation wize but they can't just stop it. Its decentralized. They don't "print it", you really need to learn more. They mine it. Like gold. Except there's a catch. They predetermined how much could ever be mined. So as if Noone can find a new deposit of unknown gold worth billions or trillions. Gold is money, NOT CURRENCY. BTC is digital gold that has a capped supply. It is the hardest money ever created, and throughout all of human history the hardest money always wins. ALWAYS.
Obviously, I did, and I questioned your ability to actually read and write. Oh, by the way, you also WROTE 1/10tb… and NOT 1/10th, like I did, because I PAY ATTENTION TO “what I read and write”. Obviously you’re a troll and don’t take any constructive criticism OR RESPONSIBILITY for yourself.
The mistake mETH Heads make is believing ETH's value is based on utility. It's not. ETH's value double speculation: 1. BTC price has to go up (ETH has a historical Correlation Coefficient of 0.96 to BTC) 2. BTC profits and money/hype brought to the market has to move to ETH (it doesn't always flow to all alts) ETH only hits new ATHs after BTC hits tops/local tops and profits flow to Alts. - Summer 2017, ETH hits ATH of $400 after BTC hits local top of $3,000 - January 2018, ETH hits ATH of $1,400 after BTC hits cycle top of $20K - May 2021, ETH hits ATH after BTC tops out in April 2021 - Nov 2021. ETH hits ATH in December after BTC tops out in November 2021 > arm processor, oil company... ETH is NOT a microchip. ETH is NOT oil. It's not essential. Nobody needs it. Nobody is buying it. Nobody really besides crypto degens use it. At best, it's utility is cheap rails for stablecoins. As I tried to explain the mETH Heads many times > ETH is a Network Utility Token. That is all ETH is. It's competing with a many competing network utility tokens and many networks and L2s. These networks are increasingly going to be rails for stablecoins and such (97% of RWA are just stablecoins) and in order for the network to remain competitive they need to remain cheap. https://np.reddit.com/r/ethfinance/comments/1gq6ahm/daily_general_discussion_november_13_2024/lwyql0m/
> BTC will lose its market-cap dominance to competitors; this is inevitable. A purely speculative asset such as BTC cannot possibly compete with the utility of real functional blockchainsJustin Bons is having a dig at BTC - Justin Bons 2 Problems here: 1. Room Temperature IQ Regarded Crypto Influencers 2. Even Lower IQ Regards who listen to them Facts: 1. BTC has gone up 30% or close to ~1/2 Trillion since 2021 2. Total Alt Marketcap (excluding BTC and Alts) has shrunk ~50% since 2021 The idea that BTC has competitors or is losing it's dominance is utter Shitcoiner Delusion and utterly detached from what is really happening. | | 2021 | 2025 | Δ |:-----------|------------:|:------------:|------------:| | BTC | $1.23 Trillion| $1.63 Trillion | 32.52% | Stablecoins | $0.11 Trillion| $0.24 Trillion | 118.18% | Ex.BTC/Stablecoins | $1.52 Trillion| $0.80 Trillion | -47.42% | Total Crypto | $2.86 Trillion| $2.63 Trillion | -4.55% Yes, BTC is a speculative asset. Yes, so is Gold. But Shitcoins like ETH, SOL, XRP, ADA, etc etc are much worse than being speculative. Not only is their value NOT based on utility but historically, the Correlation Coefficient between BTC and a shitcoins and BTC is typically between 0.77 to 0.96. ETH for example has a 0.96 Correlation Coefficient. Shitcoin price movement and price appreciation is 100% dependent on BTC. There is no such tight correlation in any stock with a decent marketcap. Assets that have value in and of themselves don't have this level of correlation -- meaning shitcoin value is entirely reliant on the speculative nature of BTC that the regarded low IQ Shitcoin Influencer is criticizing.
Just so we are clear, they are both trash and entirely constructed — BY US. YOU DO NOT NEED TO JOIN A TRIBE.
Coinbase is NOT breached. Just to be clear. :) Just a scam like any other indicating they are from a popular business/company that people typically would freak out and fall victim to.
Not your keys not your coins. When will people like you learn that Bitcoin is a bearer, consensus defined instrument? Advice like yours is a danger to yourself and others. Bitcoin was explicitly designed NOT to be held by third parties!
SEC NOT IRS. Thers IS also a difference between being a useful idiot promoting a product and actually being involved with malicious intent along with the devs/creator of a coin to profit off a rugpull.
No. Bitcoin is extremely volatile and while I definitely do advocate for people buying it, NOT on loaned money. You'll be WAY WAY WAY better off just adopting a DCA strategy and buying a set amount of Bitcoin every week or month, whatever you can afford to lose. No one can predict what Bitcoin will do; it's already breaking from previous cycles. It's much lower than it should be right now, and further, it could drop even more soon. Please don't get yourself hurt by borrowing money to buy Bitcoin. It could pay off, but the risk is that you lose a lot of money and that's bad for everyone because the more people who lose out or make mistakes, the less adoption we will see as people turn away thinking it's too difficult or too cumbersome taking control for themselves. The general rule is this: don't overextend yourself and be smart with your money. We have to know that our human emotions will cause us to do the wrong thing at the wrong time. So take human emotion out of the equation and DCA so that you don't mess up and lose out.
You are correct. Try using BlueWallet on your phone instead to generate your private key using a mnemonic seed. Do NOT use any website or application on your computer to generate a seed. Electrum can do it, but I wouldn’t trust any PC to be free of viruses. You’re way more likely to have a clean phone.
No. They’re not. Trump is a convicted criminal. Biden is NOT. Obama IS NOT. Harris IS NOT. Clinton’s ARE NOT. And even if they WERE, there are levels of corruption. A kickback is not the same as the president of the US using his powers to launch a crypto rugpull. Biden keeping a box of files in his garage is NOT THE SAME as Trump stealing hundreds of files and keeping them in an unsecured location NEXT TO A PHOTOCOPIER. YOU need to wake the fuck up.
Yes, I know you didn't say it's fraudulent - I'm telling your it's fraudulent. Have you still not understood this? Rug pulls are fraud. It's illegal. 90% of the crypto market is committing fraud. Welcome. Now lets stop allowing people to commit fraud and start trying to make crypto currency function as actual currency rather than a tool for wealthy individuals to commit more fraud to enrich themselves. Fraud - wrongful or criminal deception intended to result in financial or personal gain. That is how most crypto currencies are currently functioning. That is why we need regulation. It is NOT speculative investments because by definition crypto currency is not an investment; it is a currency. Educate yourself on finance before you "invest" in something that is not an investment.
Well and truly ripped off! I just will never understand how people can throw money into something the DO NOT understand and still call it an investment…? And investment in what? You don’t even have a clue what you’ve bought… lol it’s absolute insanity
Reminder that /u/IcyDragonFire predicted that from here on out we’re going on a continued downtrend. “2025 is NOT 2022. Bitcoin has reached its peak awareness already, and expecting it to recover like it did in 22 is mostly cope. There’re very few buyers left; it’s gonna be a downtrend from here.”
A crypto hardware wallet is a physical device designed to securely store the private keys of cryptocurrencies offline. Unlike software wallets that are connected to the internet, hardware wallets provide an extra layer of security by keeping the private keys isolated from potential online threats like hacking or malware. Check out Trezor hardware wallets. IMO, they are the best. Also, always make sure you buy directly from their website and NOT Amazon or some other 3rd party website. Trezor’s website has a ton of resources and info that should further answer your questions and show you how the Trezor wallet works.
> Bitcoin never was "digital gold", and never will be. Found the mETH Head scammed by Triple Halving Trolls who led him to believe ETH was something special and had fundamentals. > BTC is no more a store of value than Pokemon cards. https://np.reddit.com/r/ethereum/comments/1i10eon/daily_general_discussion_january_14_2025/m72ttj4/ > BTC is a useless memecoin on #1 mcap. https://np.reddit.com/r/CryptoMarkets/comments/1isnt80/btcsol_split/mdi402x/ > BTC is a useless memecoin, while Ethereum powers the actual crypto revolution. https://np.reddit.com/r/CryptoMarkets/comments/1ix1deu/should_i_invest_more_on_btc_than_alt_coins/meiospp/ mETH Heads, Money/Value is a social construct. BTC is just not like every other blockchain. **It's NOT the tech.** It's a monetary principle and idea that has been adopted. Bitcoin has achieved that whether you like it or not. We're not going to get a new blockchain with better tech that comes around every 5 years and replaces the one that came before it. It's NOT the tech, BTC is a monetary social construct that has been embraced by even TradFi and Wallstreet. You can improve your shitcoin meme tech all you want. Newer protocols will be created that will continue to improve on protocols that exist today. It doesn't matter. BTC has already won. mETH Heads please listen to your Emperor Vitalik who already realized what your small brains do not in 2015: > The existence of other more powerful blockchain technologies and the fact that even better ones will continue being developed, bitcoin's best chance right now may well be to keep its block size limited and target the niche of digital gold. - Vitalik 2015 https://np.reddit.com/r/ethereum/comments/380q61/i_know_this_may_not_directly_be_ethereum_related/ mETH Heads please listen to your Emperor Vitalik who realized this in 2018: > I actually agree Bitcoin is better than gold as an SoV - Vitalik 2018 https://x.com/VitalikButerin/status/981072307056553984 And finally mETH Heads, I want to remind you that historically, the Correlation Coefficient between BTC and ETH 0.96. ETH movement and price appreciation is 100% dependent on BTC. There is no such tight correlation in any stock with a decent marketcap. Assets that have value in and of themselves don't have this level of correlation -- meaning **ETH has no fundamental value of its own besides the money and BTC brings to it.** Since mETH Heads are suffering from brain rot after listening to scammers from Bankless, reminder that these are meme narratives and NOT fundamentals:** - Triple Halving - Supply Cruunch - Burning Deflationary coin - Ultra-Sound Monies - Technology, Scalability, TPS, Energy Efficiency, Network Security, Decentralization - DeFI - Scam narrative. Not decentralized. Not Finance. There are NO real life financial products like life, home, health insurance, mortgages, home equity loans, car loans, personal loans without massive collateral, commercial loans, etc. Just Shitcoin Casino trading and leveraging. - TVL - Scam metric. Locking shitcoin scam tokens, earning yield on shitcoin tokens, providing liquidity on shitcoin tokens. Scam Scam Scam. - RWA - ETH is -50% since mETH Heads with brain rot started shilling this narrative of small pilots and tests across blockchains that has no impact on speculative coins that already have hundreds of billions in valuations.
2025 is NOT 2022. Bitcoin has reached its peak awareness already, and expecting it to recover like it did in 22 is mostly cope. There're very few buyers left; it's gonna be a downtrend from here.
Depends on your interest rate. Mines 3.25% and after further research I realized that I should NOT pay any extra towards the mortgage since it's such cheap debt. The principal amount will be worth much less than I paid for the house at that interest rate
DO NOT SPEND ALL YOUR MONEY! Invest in Gold stocks, wait 3 months, sell some gold stocks for Bitcoin when they have grown. It's a good strategy. When bitcoin rizes and your ready to sell it, put it back into Gold. Repeat
Thailand sent Uyghurs to China recently, let’s NOT help them!!
Investing in Bitcoin over the long term is a risk-off play, not risk-on. NOT investing in Bitcoin long-term is taking a risk.
Obviously all we have are our opinions and historical data. Having read "The Bitcoin Standard", I see the seemingly obvious upside only for Bitcoin...we're in a digital goldrush, the macroeconomics now will help the future of this asset class skyrocket to new heights and I believe it's far riskier to hold cash and NOT to have exposure to BTC. It's almost ignorant not to have your assets spread out (real gold is an excellent form of money as well). But to think that you need "rovue states" and criminals to keep a thriving network alive is simply untrue. BTC works because everyone has the consensus that it a currency (and quite frankly, the best form of salable money over time that humanity has ever created). BTC will inevitably be worth multiple millions of dollars comparable to FIAT (in due time)...but your sentiment that "the reality of crypto" has become apparant to most people is a very vague statement, what do you mean by that precisely?If it is that "crypto is a pyramid shceme or a scam or not real money"...that thought process has been expressed numerous times and in a slew of different ways, yet BTC has proven it wrong every single time. I have zero concern for BTC's future (prior to Quantam PCs being able to hack all that we know).
This sub and most of the crypto sphere have been completely brainwashed with shilling into believing these two are some special assets: - ETH - LINK They are NOT. So /r/cc is going to be wrong about any future predictions. They both behave like typical Alts with a parasitical dependency on BTC with a high correlation coefficient having no fundamental value of their own and can only hope that BTC takes them on a ride higher if it goes parabolic. The big difference of course, is that ChainLink is a complete scam and I pointed this out again as gullible noob was posting some this gibberish scam narrative that Sergey Scamarov was spitting out on YouTube: > "what is the status of the real estate? Are there any tax liens? Is there any debt? Change of ownership? As the status of the real world asset changes, you should have a real world update to the on-chain token....You go from not a 1-month window of verifying an asset but to a few seconds window....The way to do that is to make a connection to what's going on in the real world and what's On-Chain by creating an Unified Golden Record"* This SCAMMER. A degree in philosophy, no technical background, no background in finance, hasn't held a real job his whole life and has no real world experience in anything. But **he's building magical oracles that will have Data Containers containing an Unified Golden Record will know within seconds everything that's happening Off-Chain in the Real World!!!** https://np.reddit.com/r/CryptoCurrency/comments/1jlb8bb/chainlink_is_now_working_with_the_federal/mk2t3ac/
>No. I also don’t hold bitcoin for the same reason. Not holding a coin based on dex volume makes zero sense to me. >Usage of XRP as a bridge currency is supposedly demand neutral. Not usage, ODL is demand neutral, not the usage of XRP as a bridge currency, ODL transactions are demand neutral because they constitute a small fraction of the overall XRP market activity and do not significantly influence its price. >So the value is in the number of transactions and the fees are revenue. Value is determined by more than those two variables, that is like saying Nike’s value is the amount of shoes produced and the revenue generated by their sales. The value of XRP comes from many things, - Utility in Payments - the ease of which payments can be made and the rails and on/off ramps available - Liquidity - liquidity is the King of all markets, all of them, and the XRP liquidity available is mucho - Ripple the company and their Partnerships - 1,200+ employees in 6 offices on 4 continents with strategic partnerships, an example would be their Payment license in Ireland which allows them access to all EU countries - Scarcity and Supply Control - people who bag on Ripple as dumping on the market are the ones who do not understand why the escrow was established and the unlocking and re-locking - Network Effect - one of the oldest chains, the first chain to have a dex, the support the chain has from companies who invest in the XRPLs growth using grants for projects and startups - Speculation and Investment - refer to my Bloomberg TV+ comment - Decentralization - those who think Ripple = XRPL and XRPL = Ripple are those who don’t understand Ripple did not create the XRPL or XRP, they own no IP or patents of the XRPL or XRP, they do not own the trademark of the XRPL and XRP, the chain is an open source network that is decentralized, some equate XRP ownership as decentralization, bit when asked to show how someone can reverse transactions, censor a user from the network, create more XRP, force code update on the network, or doublespend…… they can’t. - Regulatory Clarity - the value of this one alone is more than the 150 million spent defending against the SEC and the 50 million fine they paid. XRP is the only coin with clarity coming from a Federal Court, XRP in and of itself is not a security. The value this brings for institutions, both domestic and global is what we will be seeing over the next 1-3 years. >Am I making sense? I want to revisit market cap Here are the reasons why I believe market cap is a meaningless metric for a commodity like XRP, these reasons are why market cap should not be used as an indicator for the health or growth of a blockchain or it’s native layer level 1 token. • Market cap doesn’t = value - All that happened was more investors were willing to pay a higher price. In the vast majority of cases, no underlying value was added to these assets, did the network get more users, launch a new technology, or achieve more mainstream adoption? • Market cap only reflects the last transaction price - it assumes all sellers, buyers, and even all holders, including those that aren’t selling or buying, are at the last transaction price. • Circulating supply is over accounted - The problem is that it’s hard to tell how much of a coin or token’s supply is available for trading at any given time, and coins lost or unavailable are NOT excluded when calculating market cap (multiplying the circulating supply X last transaction price) • Market cap doesn’t represent real money invested - if the market cap rises or falls by $100 million, it doesn’t mean $100 million has entered or exited from the asset, in no way helps in understanding the value. Price represents what actually occurs as a result of specific supply and demand conditions, while value is an economic concept that equates all potential future benefits. Square peg, round hole.
Why don't you look to learn something about it rather than listen to a bunch of idiots online? And no, you're 100% wrong. Crypto is NOT "Just buy something and hold onto it and it's worth more later" Whoever told you that is an idiot. People like you, lose your entire life savings to guys like me whos job it is to take it away from you because you're unwilling and too lazy to learn anything.
Do you really believe that your IRA will appreciate more than Bitcoin from now until you retire? Holding derivatives ("paper", ETFs, etc) is NOT equivalent to holding in self custody the actual asset. Tax liability where I live in the US only occurs when you sell for a profit or loss. Who knows what the rules might be in 10 or 15 years?
NOT TO INVEST THE ONLY $350 YOU HAVE ALLOWED FOR INVESTMENTS INTO BTC. He/ she obviously needs money with 1-5 years. Even if/ when BTC hits $1M, their investment would be $1300.... Shit, that would last me 1 day Y'all need to be more realistic when someone who isn't able to invest tens of thousands of dollars. I would never suggest it to someone, who has only $100, who can't DCA....to invest into BTC - no apologies! If so, their great great great grandkids just might have $40,000, smh
"laymen" adopting is GOOD so long as they stay the course! No one needs to know crap other than to hold on for dear life! DO NOT SELL! In fact BTC NEEDS a few good dunks to shake out the riff raff before the lunar launch window!
>Selling Bitcoin you fairly mined https://github.com/XRPLF/rippled/blob/ffd453f7dd091b0499fd6ab964880c8268deead4/src/ripple/app/misc/NetworkOPs.cpp#L852-L854 the genesis blocks private key which contained the initial 100 Billion was in the public code base. what is more "fair" than anyone can take any amount they want? >NOT the same as premined/founder XRP Ripple is not the founder of XRP. it existed before the company (Its original name was XNS) these unlocks have nothing to do with the founders at all. https://github.com/XRPLF/rippled/commit/f0e3383856a8923e55b0f10e7822de9031b7159e The code is public, you can just look for yourself. >which are completely centralized The "unlocks" are centralized??? what?
Except that the miners are in it only and only because they get PAID and are NOT a constant that is bitcoin exclusive , meaning they can and will jump ship overnight once it’s profitable for them to do so Your argument is like saying that Tesla is so valued and better than any other electric vehicle just because it was first and because it has dedicated engineer team . And because of that Tesla is the only legit electric car and should cost 200 times more than , say Rivian…. Being first doesn’t make it better than the competitors and the engineers can jump ship if someone else offers them more money to do the same job. Bitcoin has such a dedicated miner community only and only beucase its price is miles above any other coin and thus it’s the most profitable . That can change overnight with a single tweet from the right person … in fact all that would take for things to turn around 180 degrees is Trump deciding to tweet something like “ after careful research I decided to make Bitcoin cash/ Litecoin/ Doge the official USA backed cryptocurrency and will be buying 20% of its total supply and put it as a strategic reserve in the USA treasury “ If he does that all these miners you are saying that makes Bitcoin so amazing would all be switching ship within hours , Bitcoin price will immediately crash leading to more miners quitting and whatever the chosen crypto is will surpass Bitcoins market cap within a month or two This strategy however won’t work if he tries to replace gold and a tweet won’t ever be enough to make gold price crash and people to swap to something else instead
Lol, of cause US will NOT be actually buying it, only morons are expecting that to happen
STOP LISTENING TO YOUTUBE AND TWITTER "EXPERTS" - THEY ARE ALL BROKE AF AND MAKE MONEY OFF ADVERTISING, NOT ACTUAL CRYPTO. Seriously - if you have conviction in BTC, continue to stack sats and quit worrying about what others say or any other noise. YouTube and Twitter "gurus" are fuckin' morons.
Selling Bitcoin you fairly mined is NOT the same as premined/founder XRP unlocks which are completely centralized and constantly dumped on clueless retail lmfao
Today is March 27, 2025. The price at the moment is just about $87,000 What was it exactly a year ago? $70,000 That's nearly a 24% increase. A year before that? $28,000 So, a 150% increase from 2023 to 2024? How about March 27, 2020 (as Covid was creating havoc in the world)? $6,800 And a decade ago, in March of 2015? Less than $300 Are you trying to suggest that large scale purchases have NOT caused the exchange rate to increase over time? Even if many of those purchases happen outside of retail exchanges, they still remove those bitcoins from the market so that the few that remain on retail exchanges become more valuable/expensive. Additionally, there's a hard limit to the total quantity that exist. Eventually, there isn't enough left outside retail exchanges, and if they still want some they'll have nowhere else to get them.
Congratulations. You just learned the 1st rule of crypto: * Don’t buy shitcoins. The only people that make $ on shitcoins are devs, insiders & maybe sometimes the few who got super lucky. IMHO newbies should stick with the blue chips like Bitcoin, Ethereum, Chainlink, etc. until you have the time to learn about crypto & the basics of trading/investing. & never invest more than you can afford to have tied up for at least 4yrs. Other rules you need to follow: * Ignore DMs. Anyone that tries to talk to you privately about crypto or finances is trying to scam you. * Only use well known exchanges. Anyone trying to direct you to some obscure site is trying to scam you. * Never give anyone your seed phrase. * If you see tokens in your wallet you didn’t buy do NOT try to sell them. 99.9% chance you won’t read the contract & it will drain your wallet. * Always double check the wallet address you’re sending to.
op is stupid. why are they always reporting on this every month as if it's a new thing? FRONT PAGE NEWS OMG THIS IS NOT A JOKE
“Which who realistically thought that was even possible”. So are we supposed to take Trump on his fucking word or not? I am so tired of you fucking people. IF Obama said that you’d fucks would NEVER stop, relentlessly call for him to be impeached or resign. Trump does or says anything and you people DO NOT CARE. This song and dance has gotten so fucking old to anyone with more than 2 brain cells to rub together.
NOT NEWS...They do this every month.
Certainly shouldn't have to answer what its for, then if that's not being treat like a child enough they ask him to prove it when he answers. ITS HIS GROWN ADULT ASS MONEY NOT THERES. It makes me so mad and its not even me in the video. But i have felt this crap before with banks. Once you gove it them they may just try hard to steal it asking you what you want it back for. Mobsters in suits.
This is not a good idea. Even if we assume that Bitcoin is going to go up (which, I cannot stress enough, is NOT a guarantee), it still goes through wild fluctuations. Let's say you have a car repair that costs $3000. If bitcoin is up, that's great. But if bitcoin is down, you're going to pay more SATS today than you would a week from now once the price is up again. Think of that guy who bought a pizza for 10,000btc in 2010, just on a smaller scale. Now that same amount of Bitcoin is worth hundreds of millions, but he spent it on a pizza.
100% sure. The market has NOT priced in tarrifs. Its priced in tarrifs with some uncertainty. There's a strong belief that tarrifs get delayed again and negotiation takes place. But the market still is cautious and that's why we are not in the 90s. If the tarrifs were priced in we'd be at the 70s. And april 2nd, the reciprocal tarrifs will surely be announced. And this market will crash to the low 70s in days.
My point is that at It's core, Bitcoin seems to be a competitor and and an alternative to USD supremacy.... a global unregulated means of conducting transactions. Betting that Bitcoin is the future of money suggests that the USD is NOT the future of money and that at some point the USD is secondary to Bitcoin or other "cryptos". As a side note in 1933 FDR signed an executive order banning gold ownership. Such was the case until 1974, when we abandoned the gold standard. So, while allowing gold ownership is the norm, it won't always necessarily be so. Same goes for Bitcoin or any other crypto if it becomes a threat to the USD.
Quit crying OP. I hate posts that cry about why more people don't buy Bitcoin, or why the price isn't going up (more). We're starting to sound like the Silverbug crowd, and we DO. NOT. WANT. TO. BE. LIKE. THOSE. LOSERS. So, knock it off. Now. Thanks.
Bitcoin will take a bit of research, an open mind, questions asked, podcasts watched, interviews listened to and determination to get to the bottom of things to start to fully understand how transformational and important this invention is. For now, keep buying as much as you can, as fast as you can because it is very finite and limited in supply. Hold on to it and DO NOT SELL as you get to know more about it and you will begin to understand why this is the best money on earth. Watch this video to get you started. It’s fantastic. Welcome to the future! You made a very important step by getting involved with Bitcoin. Your future self will thank you! [https://m.youtube.com/watch?v=YtFOxNbmD38]
Why avoid the question? They “profited” from interest earned on cash. The cash did NOT come from operations. It came from dilution. They lose money on operations. If you knew how to read an income or balance sheet you’d know this lol. Since you’re a balance sheet connoisseur why don’t you tell us what their retained earnings are?
For bitcoin? Absolutely NOT! #NeverSellYourBTC
Dude does NOT come in peace. He’s a Bitcoiner AND even an MMT guy. What a disgrace to the metals community he is.
Everyone is always DCA this DCA that. DCA is for people with jobs. If you get a paycheck, take some of that money and buy a little btc, eth, sol, etc. You mainly want BTC because its the most likely to survive. ETH is a good buy now (maybe) its down 80% if that's not a dip I dunno what is. Its sad, the ETH crowd were expecting to be millionaires now, they working at McDonalds now. I firmly believe its a good idea to spread the risk and have different bags, but when it comes to crypto, its BTC all the way, any altcoin is way too risky long term. Oh and maybe XRP, the banks are pushing that one. If u wanna really spread the risk I would say look at stocks and gold or silver as well. Now, everything I just said only applies if u have a job. If I read your post correctly, u want to start trading crypto. Well if u wanna trade full time like me, then u must scalp! Scalp like u made out of steel, you buy and sell that crypto so fast both transactions part of the same block. All you will need is volatility and a pair of balls (also good risk management), for me that would be doing £100 trades (you have capital of 1000) so that's 10 scalps, just make sure you have more wins than losses. You can minimize losses by looking for large orders on the book to use as support (when buying) Large orders on the sell side tell you basically how high the price can swing (for that day) This will give you an idea how worthwhile the trade is. Also look out for trading bots, try to find trading pairs where the bots are absent. You will also need free time. Okay so you need 1. Balls, 2. Free Time, 3. Volatility Thats it. I don't even do TA anymore, its bullshit. It only tells you past patterns, it DOES NOT tell you what will happen in the future. It can show you correlations upon correlations until they don't correlate anymore. Staying up to date on the news is far more important. If you can keep track of what's going on in the world and act on it, you will be just fine. When elon musk was appointed head of a new department you had to immediately buy dogecoin and sold when it stopped climbing like 2 days later. When trump announced tariffs you had to expect btc and all crypto fall because its a risk asset and sold all your bags, then you had to wait like a hungry tiger ready to buy that dip. Damn this turned out to be a long post, will anyone even read it?
Absolutely NOT low quality. Much better than the “can I invest only $1 in Bitcoin?” Crap.
I’m NOT taking any advice from people on Reddit just wanted to see where everyone was at personally. I know, even the best traders can’t predict the market, even less crypto, but just looking for some different opinions
Would it be wise to plant a tree today? >Any guidance would be appreciated. We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick and read this short guide, please: **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting. Now, don't buy a fake Bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill or LN Pizza [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
literally was gonna comment with the same exact words and tone. # SMERCONISH (WHATEVER THE FUCK THAT IS) IS NOT = CNN
Understandable. I could retire right now but I want a higher standard of living, because if you have more free time on your hands, you probably going to travel more or do more than 1-2 hobbies. spending 8-9 hours NOT at work can be costly :D So for me , it depends what happens this year. Maybe 1-4 more years of stacking / hodling until I really quit I guess. my goal is being able to spend around 7-10k $ per month, although I probably won't use that much cash every month, but that will need some bigger number of wealth.
I would NOT take a Bitcoin backed loan simply off the counter party risk (e.g. BlockFi, Celsius etc). I have however taken out a personal loan (during a promotion for a 6% interest rate with Citi), an amount I can easily service with my income
Well Junior you did something very wrong. That is NOT Binances fault. If you had money in the original website they gave you forever to get it out
Deflation is NOT a bad thing, and this is the biggest and most criminal psyop ever perpetuated on humanity, because everything evil is downstream from government inflation, and this is the justification for inflation. Deflation is just another word for economic growth. It is completely normal and good that things become cheaper over time. That’s why we work. Work produces things and when things become more abundant they become cheaper. The market chooses the money that is the hardest to make precisely because the limit on supply growth makes it depreciate the least. The natural order is that everything gets cheaper. This does NOT mean that nobody would be consuming or investing. People do not consume just because they expect their money to depreciate. They consume to survive and to enjoy life. It doesn’t matter how much cheaper you expect food, clothing, phones,or shelter will be next year. You want these things today and will pay for them today to use them today. Everyone knows their laptop and phone will be significantly cheaper next year and yet they all buy it. It’s true that appreciating money will make you less likely to spend money on frivolous bullshit you don’t need, and that’s a good thing. Debt-fueled mass consumption is a moral disaster for humanity and Bitcoin can’t kill it soon enough. The world doesn’t need you to waste money on stupid bullshit. Deflation is great, and it is the absolute best thing about bitcoin. Bitcoin being deflationary makes it the best investment opportunity in the world for as long as central banks exist. You are being perfectly rational to not want to invest in things that aren’t as productive, morally imperative, and important as ending central banks. There’ll be plenty of time and money for Swiss hotels when central banks are dead.
Burning Bitcoins from vulnerable addresses is NOT A SOFT FORK That would undermine bitcoin completely. It's better QC hackers steal some coins, but burning coins via Fork is a brutal proposal, that means nobody's coins are safe and can be just burned anytime if enough people want it? serious problem!
The problem I have with Ethereum, is not that it's practically a stablecoin, but an ever-apparent realisation that as user adoption grows exponentially, and the masses start to really utilize blockchain, Ethereum with its bottlenecks and hack-ish layer 1s is NOT going to be the solution.
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/1jcml7l/332m_short_on_btc/mi3sbpl/?context=3). Your link was: >https://www.np.reddit.com/r/Daytrading/s/h3fga2mfiW however, it should be: >https://np.reddit.com/r/Daytrading/s/h3fga2mfiW 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.*
> Chainlink is important and an integral part of crypto ChainLink is one of the better marketed token dump scams in crypto. Bullshit hype utility. All it does is centralized shitcoin price feeds for shitcoin casinos. Once in a while they'll do some pilot partnership memes and create lots of hype luring more gullible noobs. If you look up Sergey Nazarov, he's a typical crypo scammer who hasn't worked a day in his life. LINK was already $20 in Q3 of 2020. They have flooded the market with 300 Million more tokens since then. There is NOT a SINGLE bit of evidence of any big money buyers of LINK. Can you name a single big money entity buying $100 Million or more of LINK? Only dumb gullible retail crypto bros who have gotten burned with almost a half a decade of lost money investing in the scam. > defi The entire DeFi bullshit is ScamFi for gullible crypto bros - Essentially a Shitcoin Casino. Leveraged plays, trading shitcoin tokens, earning yield on shitcoin tokens, providing liquidity on shitcoin tokens - Nothing Decentralized about it. Every player like, MakerDAO, AAVE, LINK etc, is centralized - It's not Finance. No real life financial products like life, home, health insurance, mortgages, home equity loans, car loans, personal loans without massive collateral, commercial loans, etc. - Then you slap some scamified metrics like TVL and make it seem like it's a bustling "ecosystem" with a lot of finance going on. Crypto's has 2 Killer Use cases, otherwise you are mostly getting scammed by bullshit Ethereum meme use cases: - BTC - Stablecoins Only 2 Assets that have grown in Crypto since 2021: - BTC - Stablecoins Excluding BTC/Stablecoins - The Alt marketcap has shrunk by almost -50% - The Alt marketcap has shrunk -50% but the total number of coins/tokens has risen from 3,500 to millions - The shrinking Alt marketcap combined with the explosion of number of Alts have resulted in a massive dilution of liquidity and a effusion of bagholder tears | | 2021 | 2025 | Δ |:-----------|------------:|:------------:|------------:| | BTC | $1.23 Trillion| $1.59 Trillion | 29% | Stablecoins | $0.11 Trillion| $0.24 Trillion | 118% | Ex.BTC/Stablecoins | $1.52 Trillion| $0.8 Trillion | -47% | Total Crypto | $2.86 Trillion| $2.63 Trillion | -8%
Fiat is NOT the golden standard, it’s a depreciating liability. Every fiat currency in history has gone to zero. Bitcoin is the first asset where supply is fixed, decentralized, and untouchable. It’s not about buying groceries in BTC today, it’s about opting out of a broken system
You can’t base a reserve on a guy no one can prove exists, who may or may not have 1 million tokens. MONEY = TRUST The stated goal of btc is NOT TO BE inside the financial system, but outside.
"Despite these large transfers, they have NOT significantly impacted LINK's price in the short term." Down 73% from all time high 🤣
Scam.. DO NOT ENGAGE.. crypto is full of scammers.. let me guess they use telegram to communicate ( or should we say telescam )
It is zero effort to create a token, scam or not and send it somewhere. An airdrop is just a transfer. DO NOT interact with these tokens. The scam ones trick users into approvals that result in drained wallets. Sooo many stories about this. And no, you cannot clean them out. Ignore them and go on with life.
If those are really your 20 recovery words DO NOT PUT MONEY INTO THAT WALLET You gave out its password and anyone can get in and STEAL YOUR FUNDS if there are funds move them to ANOTHER WALLET QUICKLY
Capitalism works. The closer we can achieve a true model of it, the closer we can come to financial freedom which will NOT be possible with centralized banks. There will always be the "have" and the "have-nots," but true disparity is a result of corruption and socialism, not capitalism.