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Maybe, but are you possibly missing the point? $2M in todays cash is NOT what it was 20 years ago. It's probably worth 1/3 what it was back then.
HA, ha, ha ha ha!....[*stops to take a breath...] ha, ha , ha, ha, ha, ha, ha... Big institutions want to buy more, and are hoping a little negging will allow them to buy at a discount. US dollar printed up a Trillion out of thin air to give to Ukraine, but...doing that will NOT cause any inflation, right?... Right?
I mean, with a name like that, how can you NOT trust it?
This is for the real idiot out there that doesn’t get sarcasm. DO NOT DO IT. Seems too good to be true? It is and there are another thousand scammers waiting for your CC details. Be smart and ask. Also NEVER take a PM offering help. That should stay in public.
DO NOT CLICK. This dude is not HEGE affiliated at all and might scam you
I love BTC. I believe in its long term future. I stack as much as I can. But…Schiff “won” that debate. Or at least had stronger arguments. He didn’t sound ridiculous or like a boomer who simply can’t comprehend BTC. I think he understands it well enough (but that he doesn’t value the decentralization aspect enough). Jack had good points but relied way too heavily on the “best performing asset of the last 15 years argument”. Schiff is right: you do not evaluate the strength of a money based on how it performs relative to stocks or commodities (and especially over a 15 yr time period). And Jack refused to address the “Bitcoin is not currently used widely as a money” argument. His response to that, such as it was, was more or less “it will be”. I mean, that’s very possible, really truly *possible* but “I predict this will come to pass” is NOT a valid debate response, even if a bunch of signs strongly indicate you will be right…eventually. Make no mistake: I fundamentally disagree with Schiff about Bitcoin, I think he’s big-picture wrong. But in this specific discussion I found that Schiff consistently responded to Jack’s claims in a variety of ways, which all had merit, while Jack had like 2 arguments that he deployed repeatedly, without modification and one of them doesn’t really support the claim he’s making and the other is ultimately speculative and simply unprovable at this time (even if he ends up right). Andreas would’ve done a much better job here.
Wtf are you talking about. DO NOT CLICK SUS LINKS PEOPLE.
Umm last time I checked we literally fought a war over a tax of 3 pennies per pound of tea. … so yeah, there might be a bit of a revolution around a 28%+ tax on unrealized gains that are our life savings. It would force unrealized gains holders to sell a third of their assets every year in order to be able to cover this forced tax bill, so it’s a forced sale that would crash the markets for everyone in them. Income tax started off only for the rich too, then it expanded to everyone, and continues to grow higher. Also it’s NOT ILLEGAL to see a tax change coming, and use loopholes and/or move wealth out of the jurisdiction it’s being taxed in. That’s why Elon and Rogan have moved to Texas from California. It will be like that, only with countries instead of states, and internet money and stocks instead of businesses. I mean how would the IRS even tax unrealized gains on BTC if they don’t know whose wallet it is?
Al this discussion does is prove my initial point. It’s just a programming method. Banks may test it and find it worked better or not. No one else will notice or care how things are being done internally. NOT as important as the internet by a billionth of a percent.
You’re thinking about this right. Best way is btc meetups or mining it (usually not worth it given upfront capex, etc.). Non kyc btc atms are an option, but will take effort to build a considerable stack. Once you have non kyc Btc - DO NOT EVER mix those coins with kyc wallet coins. I would be careful with decentralized exchange coins given the risk of future “blacklisting” of specific coins generated from “illegal” activities. That last comment I do not agree with whatsoever, but you can’t trust these fuck head regulators / BIS, etc.
And yet it's the only one that is NOT inflatable.
There are 2 types of security: restricted access and cryptographic security. Bitcoin only uses cryptographic security because it's the thing that allows us to secure things out in the open but it leaves you a key to protect. Restricted access is where you set up policies or barriers in place to restrict who could possibly have access. Unfortunately, people jump over gates, break doors, and employees leak data from within a big tech organization. Restricted access is not very secure but it can be effective for certain things where cryptography is overkill. I would say there are 3 ways to secure a secret and which you use depends on how valuable the key is and how much convenience you need. If you need to change your security/convenience ratio, you need to create a new key and move funds there. Often we will have a spending wallet with a more convenient setup and a savings wallet with a more secure setup. Also as the value of our savings increase, we may at any time revisit the wallet and see if we need to move it to a more secure setup. 1. Store physically 2. Store actively 3. Store digitally ## Storing physically Storing physically is purely a restricted access type of security. If the copy doesn't exist digitally, then it can't be taken digitally, it can't be found through the internet even if your personal devices are broken into. Of course people in your proximity can access it, and this is where simple discretion goes a long way. If losing your key would be disastrous, you need a physical copy as just a last resort for recovery. Think about resiliency: can it degrade, wear and tear, be affected by water spills etc. Think about accessibility: can you access it when you want? Can others access it without your permission? We aren't looking for perfect security here, there isn't one, we can do better with more complex wallets like multi sig wallets but for now this is overkill. ## Storing actively This is where you keep a copy of the key on your phone or laptop via the application that will use it. This is NOT having a copy of the key in a file somewhere. The application will handle your key more securely than you will. Oftentimes they will store the key in security chips on our smartphones which is not something we can do ourselves. This does introduce some risk, but your phone is not a Honeypot. No one is going to hack your phone intentionally unless you have a lot of money and have been boasting about it. The security on your phone is actually pretty good. By the way, newer laptops have similar security chips but since it isn't as common to find, and because people use old laptops, and because different operating systems and different manufacturers use different APIs and standards, I don't know whether applications use them all the time. It is something to be aware of. Also these applications will almost certainly use cryptography under the hood, but you are also relying heavily on restricted access: the device is hiding in plain sight and trying not broadcasting what valuable info it has, and the security hardware puts obstacles in place for any hackers just passing by. Use this if you need to make payments frequently. Note that you don't need this if you are just receiving payments frequently, for example, BlueWallet allows us to set up a wallet, back it up, and then delete the wallet, but it also allows you to get a thing called the XPUB (which is a public key) which you can import again. This gives you a read only access to the wallet which is great for creating addresses, checking your balance and stacking, and you only need to use your private key when you want to spend in the future. ## Storing digitally. This is the final way to store a secret. You can store it in a file, on the cloud, in a password manager, etc. it is the MOST dangerous method and it is MANDATORY that you are using cryptography when using this method which is very difficult to do because to even make this file in the first place, without exposing the secret while doing so, requires a trustworthy and secure computer with no viruses, no chance of malware injected by government agencies etc. Even if you don't care about government agencies and you think your device is secure, the way that the file is encrypted is important. It cannot just be encrypted using a simple password, it needs its own key. You can use this method if you have many keys and you want to secure them in one place under the protection of a master key that you will secure very well. Also when you want to get access to the key, how and where you do that is also important. You don't want to leak or compromise the key while doing this. Hopefully this gives you food for thought. Most people absolutely always have a physical copy and MAYBE an active copy. The last method seems harmless, but it is the MOST dangerous option. This means NO text files, NO copies in a password manager, and NO photos of your seed words either because algorithms can read images just as well as we can.
People have been claiming that it is tied to the U.S stock market for like a decade, but actual analysis of this supposed correlation does not check out, when ALL of the time is actually backtested. It's an observation built on bias and emotions. How about this concept: BOTH Bitcoin and the U.S stock market (and all the other countries which also have their own markets) are tied to something else... Global.Liquiditity. The fact that Bitcoin goes up when stock markets go up is because there is more money flowing through the system, and/or the perception that it is safe to deploy more money at that time, in general. And when money is perceived to be tightening globally, they can both go down (with very different magnitudes in either direction). If Bitcoin has particularly bad news and the stock market doesn't, it won't follow it during that time, and vice versa if there is very bad news about companies unrelated to Bitcoin. But IN GENERAL specific news doesn't matter unless it effects global liquidity, and the perception of it. The ONLY thing to really take away from this, is that Bitcoin is competitive enough to gain a share of this money when global liquidity is growing, and falls like anything else when it is not. Everyone/thing buying and selling Bitcoin IS NOT literally looking at the U.S stock market before doing whatever they were planning to do, but plenty are looking at/considering the big, global picture. and the ETFs are reacting off sentiment in Bitcoin itself, plus again, global liquidity. I don't means to claim this is a black and white thing, but the grey is also does not largely fall under "Bitcoin simply follows the U.S stock market", only a minority of it does, and that is because they still compete with each other. They compete over global liquidity. So at the end of the day, that is why it's credit expansion, Government debt, and the inflation that follows which drives Bitcoin up, just like it will also drive the stock market up, if companies are functional.
The covid lie is no conspiracy. I will tell u working at Pfizer until 6 months ago i could be a whistle blower. mRna is NOT a vaccine. Ill leave it at that. I would also direct you to "project diffuse" so you can draw your own conclusion.
Oh look, an idle speculation tread. I'll add, it could NOT catch on fire.
I’m so over the rhetoric of people who don’t understand that Bitcoin is NOT to be traded but IT IS TO BE ACCUMULATED. If the price is low, buy more. If it goes up keep it. NEVER EVER SELL YOUR BITCOINS.
You are so right. I agree. Over the last decade my observation has been that the pattern has been remarkably consistent. Please tolerate an old Boomer who is so proud of the generations born after 1980. Let me offer a parable of good fortune. Moral of which is: Fix the money . Fix everything. Bitcoin fixes the money. I am your average middle income African American Boomer. Like almost everyone in my generation trapped on the “bad money” hamster wheel. And it is WORSE for our children. So no wonder people are “divided”. There is so much anxiety around our system of basic economic survival how could people NOT be at each other’s throats? I stepped off the hamster wheel. I am easily employed, skilled, hard working - you know that sort of dad. Since entering the work force in 1975 I saved at least 20% of my income monthly. And at every turn I fought inflation that relentlessly reduced the buying power of my wages. Wages which, despite me being a skilled finance tech worker, never kept pace while inflation sucked out a lot of what I managed to save. And it was depressing. And getting much worse for my children, whom I could see had less and less chance of finding a way to create real generational wealth. And then with pressure of mounting costs of higher education I read about Bitcoin in 2010. I clocked what it was immediately. It was plain to me - because there could only ever be 21 million each Bitcoin had an exchange potential value against the dollar in that time of about $80,000. Today that is $160,000. Still, being cautious, I watched and examined it for 4 years. I bought my first 4 BTC for $500 in 2014, I have used a portion of my savings to buy every year since. In 2018 I stopped adding to my stock portfolio or buying metal. Since then I have put all my savings into Bitcoin. I even borrowed $44k from my 401k to buy 10 more coin in the dip of April 2019 to start a fund to pay my kids college tuition and provide them a minimum basic income. In that same year, with the kids all moved out and secure, I started buying Bitcoin with my entire monthly salary. I pay all my living expenses on a credit card. And wait for a reasonable dip in Bitcoin price. Then I make my monthly buy. I set a minimum alert for an increase price threshold at 3%. When it hits my comfortable price I sell enough to cover my costs before the statement day of the credit card so that I pay no interest. I pay taxes on the short term gains annually and I save the net of my monthly expenses plus net of the monthly trades which has been pretty consistently averaging $500 per month. In 2021 I was able to sell enough at $50,000 to after taxes collateralize a dollar loan and create a housing fund for my kids. When the fund finishes retiring that debt in 2031 it will provide enough to pay all their mortgages. This parable is simple. Bitcoin provided a platform for a middle class black family to become inflation proof and accumulate generational wealth. Bitcoin is the great leveler. Most of if not all of societies problems arise from the challenge of satisfying our economic needs. Those challenges are exacerbated by the insidious system of inflation. The anxiety is the source of so much anxiety. But if we can fix the money we fix damn near everything. Bitcoin fixes the money. Go all in as early as you can.
looks fine, but you have NOT provided strategy to sell off or re-invest. we need to be investors not customers. don't get married to your bags. when you see profit take it and set up a strategy well beforehand. because when you have profit and NO strategy, you pretty much F yourself at some point sooner or later. DCA into the right drawdowns. when the market climbs again, ladder out for profits and exit the market accordingly. crypto is a very risky investment. make your amends, if you lose it all, you lose it all. figure out where your exits are, and exit accordingly.
Thanks, I agree - but, that's NOT what all the maxi's have been telling new people on twitter for the past two years, they were saying buy now because the god candle is coming at exactly the halving date....
Well no, I’m not trying to oversimplify, I talk about USD or any currency just because BTC has no inherent value so it’s not like a coffee can cost 0.0001btc forever, price is supposed to change based on BTC/USD/whatever currency will be used, even gold, forever. Sorry idk how to quote, but how can BTC be an inflation hedge if its value doesn’t grow? Referring to the point I just made, inflation is in USD/EUR, if you don’t consider the trade BTC/USD, BTC has no purchasing power per se. How am I gonna decide a price in BTC for any goods if we don’t consider its value in USD/EUR? So it only “protects you from inflation” because 1BTC = 1BTC and that will be forever, but price wise? Goods price will change based on fiat currency inflation. No other way around it The latest point I made in the previous message is just to emphasise that if price doesn’t grow constantly (as S&P 500 “is supposed to do”), BTC not only doesn’t protect you from inflation, it loses its value in dollars over time. That’s to say that when BTC reaches 70k usd these days it’s NOT the same as reaching 70k in 2021, just because…. Inflation Unless you see it completely separated from any other currency BTC is subject to all macroeconomic dynamics as any other asset. And if you were to separate it from any other currency, who is supposed to say what its value is?
"If printing money would end poverty, printing diplomas would end stupidity." -Javier Milei. My suggestion to you and your friend is to give consideration to the natural order of things. Do you think men become energized, and more capable, by the sight of a printer actively laying down ink on paper? What is the *actual* effect of mass producing new units of currency? When you play Monopoly, do you play better when there are new bits of paper to play with? Unfortunately, you and your friend and millions of people have been duped by the mythologies of modern Keynesian economics. Economics is NOT a hard science; it's not like physics, or chemistry, in which hypothesis are extremely controllable and testable. And even if it were, that wouldn't make it infallible; even the physicists, every now and then, are forced to re-conceptualize their understanding of the universe after paradigm-shifting discoveries. Perhaps you and your friend should consider Bitcoin to be like a paradigm-shifting discovery... because actually, that's exactly what it is. In all of human history, there has *never, ever, ever, ever, ever been a form of money that is* ***more quickly transferable than fiat currency****, and* ***as scarce (or, perhaps, scarcer) than land.*** Not only is it faster than fiat currency, and as scarce as land, but it's also open and permissionless and uncensorable, more divisible than fiat... Why would anybody think that humans would become encumbered as a result of adopting a form is money that is more capable than its predecessors? There may be a small *subset* of humans that lose their power as a result of global adoption of Bitcoin... but that's the group that is actively holding back the rest of us; taxing us at the threat of violence an imprisonment. We have names for this small subset of humans--bureaucrats, politicians, tax collectors, parasites, etc.
He would probably have a very huge debt and a third marriage 😃😃😄😀 Large buildings do require maintenance. The soulmate requires the search within, NOT the money
Nope, that's not how it works. If you have savings, even if you are "late", you'd be able to buy your current wealth in Bitcoin. Only people that are already poor will miss out. And people not doing badly will just miss out of the insane potential gain. If you have 1 million dollars, you will be able to still have the purchasing power, it would just buy less Bitcoin. If you are middle class, you will still have enough assets to buy a middle class wotjs of Bitcoin, but again, it will just be less Bitcoin. But the purchasing power will only go down from inflation (NOT by the appreciation of Bitcoin) You're kind of mindset is why people always feel they are late. Even if you buy Bitcoin at 1 million per Bitcoin, your net worth would be the same as when Bitcoin was 50k. (I am not talking about IF you bought Bitcoin at 50k).
Economic theory does NOT support Bitcoin. One of the 3 textbook requirements for something to function as money is purchasing power stability. Bitcoin fluctuates several percent every day and does not satisfy that. Most businesses have razor thin margins of 0-5%. They can’t list any price in terms of a set amount of Bitcoin unless they want to go under. If they were to list it as Bitcoin, they need to peg it to a fiat which kind of destroys the entire purpose of replacing fiat.
Think: does the exchange rate fluctuation take place because Bitcoin itself is unstable It has nothing to do with Bitcoin itself. Bitcoin is a constant: IT DOES NOT CHANGE. That is also what it produces. That is its value.
Ok, so file->migrate wallet will NOT change the address. THANK YOU :D So after it have changed my wallet, where do I get the NEW wallet.dat? Would it still be a dat file? Would there be two resulting wallet.dat file, one is legacy and one is new? Do I need to backup my old wallet.dat file first? Where is the new wallet.dat file located? What happen if I use the old wallet.dat file next time?
The Mensa test does NOT have any Bitcoin questions on it, so there is literally no correlation from one to the other. You could be the world's foremost expert on barbie dolls, but you likely wouldn't know anything about baseball, because it takes time to be an expert, and no one can be an expert on even 1/10th of the things.
Markets are NOT down bad right now. This is childs play
There is no best way. It depends entirely on your unique situation as an individual, what your requirements are, what your biggest risks of loss are. In my experience, multi sig is NOT the ideal storage practice for most people.
Bro why you asking this on a Bitcoin sub.. Rule 1. Bitcoin is NOT a crypto Rule 2. Shitcoins and all Crypto is crap hust buy Bitcoin.
For those interested in some evidence for this claim, check out the Real Estate to Gold ratio (Home Price Index /Gold) such as found here: https://www.longtermtrends.net/real-estate-gold-ratio/ Home prices are worth less now than they were in the 1800s up through any time in history except for the early 80s and early 2010s, and about equal value as with the great depression. Basically every house is worth the same or less in Gold now than when a person bought it any time back to the 1800s. Your house is NOT gaining value. It's basically the same cost it's always been in the same amount of gold. It's not even a good store of value... It loses value a lot and you are paying property taxes, interest payments, etc. You are actually leaking wealth and thinking you're gaining money as Fiat prices for it go up. Think about all that for a minute. Houses have not gained any value on average since the 1900s when priced in something more stable like gold. You have to pay the same amount for a house in gold (or less) than your great grand parents did. The difference is our productivity is higher and your wages are getting worse even though they look like they're getting bigger. It's all a mind trick. This is why a solid money like Bitcoin is important. Stop getting robbed and rug pulled.
Two reason's why you should not use this strategy 1: I'm assuming you may not currently hold any BTC and this is why you want to use a high risk strategy to "get on the BTC train". DO NOT do this! Do yourself a favour and dollar cost average in small weekly amounts while you continue to expand your knowledge. Educate yourself regarding the "why BTC" on things like monetary policy as this will, over time, reinforce your opinion on why BTC is the future and not something to get rich with over the next 3 months. 2: Being so highly leveraged, you'll get spooked the moment BTC drops below your buy in price (it will do this the moment you click "buy".... guaranteed) and you'll sell that mofo. . Then you'll be underwater trying to play catch up becoming increasingly desperate and making moves based on fear and NOT education. Put simply, you'll get REKT. As stated above, do not think you can make a quick buck. Expect to be into BTC for at least 5+ years. With a long-term mindset, after 5 years, you'll be guaranteed to be in profit and you'll sleep soundly at night.
CDC has actually great features, but you do NOT use it for trading. Unfortunately best trading is probably Coinbase right now, but I never EVER keep money on Coinbase. They have the worst security and support. CDC I use if I have to hold any amount for any period of time not in self custody, and if I want to do things with it like off ramp or spend on the card. Which by the way… is the BEST way to off ramp crypto is to DEX into Tether or USDC and then send to CDC and trade to cash and top up the debit card, then you just spend it like cash everywhere
1- US isn’t in the Ukraine. Russia is NOT fighting the US military. 2- military weapons are so far off this subreddit — not sure why you’ve gone that far. 3- really? You are excited by anything to do with the Russian military. If anything, the war has exposed how weak they truly are.
Stack the sats, dips are for buying NOT crying
Good ones are open source and Bitcoin ONLY. Bad ones closed source, using backup feature over the internet, etc. Hardware Wallets: [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. 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, the [Newcomers FAQ](https://www.reddit.com/r/Bitcoin/s/DQ9IogPw3q), and if you have any questions, visit r/BitcoinBeginners and look for the answers.
Not arguing that. That burrito was NOT a loss leader. Stop spreading your ignorance.
Reminder: NOT ONCE in the US Constitution does it mention the use of nuclear weapons.
You serious brother? 90% of us are in alts and are completely fucked out the bottom on this market.. This is NOT ok
No. It's not fully open source and full of unnecessary shitcoin code. 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. 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, the [Newcomers FAQ](https://www.reddit.com/r/Bitcoin/s/DQ9IogPw3q), and if you have any questions, visit r/BitcoinBeginners and look for the answers.
DO NOT TRY TO TRADE. Trading is brutally competitive, and you’ll get destroyed if it is not your entire life. You are definitely undervaluing 0.5 BTC. I would strongly recommend against putting it into shit coins to make more money. If you don’t know what to do, less is more. Just sit on your hands. Building wealth is a slow boring process that takes many years.
read enough about bitcoin to understand it, understand whats coming (govt printing trillions and economic depression possibly leading to massive inflation) then decide what you want to do based on your self education, id argue long term its going up so only sell if its life changing, think in terms of if in 10 years its 10million a coin how mad would you be about selling it now? if it goes down to 30k and stays there for a year or more can you handle that and not sell? whatever you do DO NOT trade it for alt coins, thats the dumbest s\*\*t to do right there and tells me you need to understand bitcoin better
I can't even be happy for these prices, I thought for sure we'd see a 49k flush again to push it near original ETF price at max panic. The ETFs really did change the game where the volatility of old just isn't there any more, and now people are freaky deaky about 5% days. We can't even get a good drop on big stuff - At least some of the bad memes (FLOKI, BRETT, NOT) are getting flushed, but they'll be back as soon as the green comes again.
The reason nowadays is because recently Ledger announced their service Ledger Recover. What the service does is creating a shard of your 24 bip39 words and export out of the device so that you, Ledger and a third-party each hold those shards. So in the event you loose your own copy of the words, you can rely on a service that provides a 2 out of 3 shards recovery to regain access to your wallet. Is their solution for something analogous as a “Forgot your password? Click here. “ With this one move, Ledger admitted that your seed phrase CAN be extracted from the device (in the case of the service, by opting-in on it), contradicting years of telling that that was just NOT POSSIBLE. So they create themselves a major trust issue. Now. In spite of all that, their mistake was on how they conducted this announcement, which just came across as “we lied before, actually we can get your seeds”. The service itself needs both you update your devices to the next firmware after the announcement AND to opt-in to the service. So far no sign of seeds being extracted otherwise and without user consent. But still, trust issues. It was their second mistake. The first one was a major leak of customer’s information that bought the devices directly from their website, exposing names, addresses, emails, making such clients a target for scammers that persist till this day. For the “no open source code” argument, it’s not all that straightforward. Open source is hailed as being auditable and so more secure. But Linux is the main argument for this and Linux has had problems throughout its existence, with such recent occurrences as Windows being able to break Linux kernel with an update. The reason Ledger is closed source has more to do with the fact that it uses a secure element chip, a proprietary bank and military grade chip that demands secrecy by the very nature of it, so as to not being easily exploited by white and black-hat hackers. Even so, Ledger has a roadmap to complete open source code. Probably by implementing a solution that they develop that will be equally as secure as using secure element chips. Tl;dr: don’t worry, Ledger is safe. Just be aware and consider your own backups protocols. Ledger Recover was a huge PR problem that put this narrative forward.
Everytime Bitcoin's price crashes, Coinbase logs me out of my account. They do NOT want retail traders making profit.
There’s a couple reasons why your crypto might be getting held for 5 days. If you are buying using bank deposit / wire transfer, it will hold your crypto until the transfer clears. So you can buy/trade during that time, but not send. You can get around this by using debit card for payments instead, which is instantaneous (but I think a slightly higher fee). The other option is to hold at least a certain amount of income in your account so that you can send other crypto in the meantime. You should NOT hold most of your crypto on the exchange, but a small amount gives you that flexibility. For example, I generally move most of my crypto off exchanges immediately, but I hold $500-$1000 in each exchange most of the time so that I’m able to move new crypto off the exchange right away.
What's idiotic about that? The ultra rich (the only people it would apply to by cutoff/definition) regularly use a loophole to avoid paying taxes where they borrow against unrealized capital gains put up as collateral and then never realize them their whole lives. (If you have heirs, they generally also only will pay tax on the gains from the point of inheritance to realization, not the full gains from original cost basis, too) NOT closing a glaring tax loophole is what's idiotic, not the other way around.
Yes, same. Their support was very responsive but they would remove the block on ACH or explain why they restricted my account. (And the App would work properly under this restriction). I did do the wire process and it worked. But cost wise it only makes sense for the “no fee” promotion on Swan (since I pay a wire fee from my Bank). The 1% fee to buy on Swan sounds nice, but not with an added wire fee too. I moved all my BTC off to cold storage now and don’t plan to use Swan anymore. They have a good reputation as a BTC only exchange. But restrictions and needing to contact Support over 10 times in this process does NOT make for a commendable reputation in my opinion. I blame Bitcoin’s slow adoption on such disfunction and false advertising - and many exchanges are worse than Swan with no support! Also noted that Swan has a .25% higher market price than Coinbase and Kraken (they claim they don’t use a spread 🤔) In my further experience Coinbase was worse, (CashApp, River and Strike wouldn’t even complete the signup) and I heard enough to avoid Gemini and Robinhood. BitcoinWell was very promising and easy to use, but with a 1.5-1.75% spread. I ended up with Kraken Pro being the only one that worked smoothly AND had reasonable fees (.25% limit buy). Note, the Pro App is free and uses the same account as the “normal” App but the Kraken Pro is so much better on fees.
It’s fraud. A con tactic called “slaughter the pig.” You’re the pig, and someone has convinced you to invest crypto with them for unrealistic returns, leading you to the slaughter, ostensibly due to your own greed, in their eyes. But they’ll never give it back except for maybe a small initial amount when you first started to test them out. Do NOT give them another dime because they’ll steal that too. File a police report indicating any account you wired money to. Write it off as an investing loss.
There are actually several problems here, and the biggest one is that you don't understand investment risks in general. Bitcoin is the wrong investment for you, not because it happened to go down at a bad time for your investment, but because you immediately changed your mind about wanting to own it, when it went down. This is perfectly OK, perhaps now you know this level of risk isn't right for you, but you should have determined this for yourself up front, before making such a risky investment. Bitcoin is NOT a scam, and it will not go to zero, but it can go down a lot, and it HAS gone down a lot more than it has for you, in its past, so you should either accept in your mind your investment has a lot of ongoing risk (and possible reward), or get out of it. Secondly, you don't understand Bitcoin itself. This thing isn't Tech Stock # 47, that will go to the moon (maybe), its a technological breakthrough that can change the world, and has unique risks that come with that, that you need to know about. As you just heard, we like to say 'not your keys, not your coins' here, however, we all know what that means, but clearly you do not, beyond the fact that you know you don't have the keys, so lets take a minute and I'll explain this critical thing to you. Bitcoin is a Bearer Asset, like a paper $100 bill in your pocket, but better. What this means, specifically, is that whomever holds the keys to your Bitcoin has full control over where it goes, and how its used. This is VERY different from Tech Stock # 47. If you had a stock certificate in your house for Tech Stock # 47, and someone stole it, they can't just put it in their brokerage account and sell it, because The Legal System we all live under knows that its your stock, and only you can legally transfer it or sell it. If the stock certificate got burned up in a fire, The Legal System knows you still own the underlying stock, and will print you a new stock certificate, and all is well. This is not the case with Bitcoin. If something happens to those keys, or someone is tricked into sending it to a clever Nigerian Prince, then it IS gone, and although you still have a legal claim to it as your property, if you don't have and control the keys, there is no way for The Legal System to get it back for you, like it can with your tech stock, unless they physically hunt down the person who holds the keys, and they can somehow recover the keys from them ( which historically almost never happens, and often the coins are not returned to the legal owner, even when some coins are recovered from criminals ). Even if your partner holds the keys, and you trust him, you STILL need to be aware of how they are stored, and WHERE specifically they are stored, because if they are written on a piece of paper in your house, and the house burns down, your Bitcoin is also gone, and you can't just call Satoshi to reset your password to your Bitcoin, as you could with a normal bank account. And if something happens to your partner and he never told you where your keys are, you can't use your Bitcoin, unless you find them. Also, there is no FDIC, or SIPC insurance for Bitcoin, so even if he left your keys on the company exchange where you bought them, there is still a risk, if that exchange company goes bankrupt, that you won't get all, or even most, of your Bitcoin back, which actually happened to me a few years ago, so this is also a real risk. In my personal opinion, you should hold on until the investment comes back, because I, like many here, am VERY confident that it will come back, eventually, and its a shame to lose money on your first investment, just from bad timing. That being said, if you are really worried, you should just sell and switch to an actually semi safe investment, like short term government bonds, that will not drop suddenly, and if you do stick around, you need to, at a minimum, know where your Bitcoin keys are, and that they are backed up and safe. Also be aware, that unlike stocks, The Legal System can't get you your Bitcoin, even if says you deserve them, so be careful whom you trust with your keys. Also, everyone with access to your keys can move the Bitcoin to somewhere else, so you must keep them a secret, and never post them on the internet, or save them to the cloud.
Never ever ever sell it bro. Keep it and forget it. Look at it again in 5-10 years. You will not regret it. It is the most scarcity asset in human history. I repeat DO NOT SELL IT.
i know that's when you WANT to buy - but tops are NOT for buying, they're for holding or selling only.
This space has NOT been good to people **who haven’t been DCAing BTC**
Are you me man? This space has NOT been good to people
This type of automation will NOT increase buying power for the average consumer. Instead, it will have the opposite effect. The tech may be new, but we have historical precedents for this kind of change. The actual impact will be rising unemployment.
Usually when I think the bottom is in, it's exactly when the bottom is NOT in 😂
AFAIK PayPal crypto is NOT a thing in the UK as of rn - this looks suspect in that regard! I say fake. Equally, the +44 makes it look ropey. Why would they put the UK code if you're calling a UK number? FAKE
Safest way to store a key is to NOT write it down and FORGET what it was. Zero.01% chance of it being stolen.
Machetes don’t really intimate me much. But, if someone asked for my 12 word key phrase and waved a Toblerone around in my face, I think I’d submit relatively quickly. Chances are even if they offered me half the bar, I’d likely be unable to NOT submit. I mean, that is a pretty legit candy bar.
Exchanges are NOT safe to keep your bitcoin in PERIOD. It is not insured and in case of bankruptcy you are an unsecured creditor, which means you are last in line to get your money back after other companies and debts are paid. If you can't self custody then you use a service like unchained or casa which offer multi-sig custody that is way safer. Still can't do that then buy the ETF.
if the btc is on the hardware wallets - the btc is not going anywhere. i urge you to become familiar with how btc transactions work, seed phrases and pass phrases. the hardware wallets are designed with theft prevention in mind, therefore, any attempts to access will likely result in a reduced access count (like on your phones remote erase feature if stolen). to eventually access the bitcoin, you would need to find his lists of seed phrases which need to be i order and are simple lists like the following in usually atleast 12 to 24 words … and they need to be in order too. friend corner market people garage horse carpet etc and do NOT throw away anything whatsoever away like any books or usb drives - could have written them inside a book etc in all honesty- based on what you describe; the coins are highly likely lost forever unless you can atleast access the phone and laptop to atleast check if he had browser plugins for online wallets like metamask which he may have used as a portal to move funds from the exchanges to his cold wallets. it is an awfully difficult …. and likely impossible to retrieve without access to his devices, email, USB drives and absolutely anything that was in his possession- you would be considered EXTREMELY LUCKY if he wrote out instructions and put in a safety deposit box at a bank sorry - hi chance coins are lost forever
NO ONE can predict bitcoins next move! NOT ONE HUMAN ON THIS PLANET!
If were in a bull market then damn I need to get out because this is NOT it
I know, some of them even think that the Republicans are even vaguely interested in your well-being. Or that government can't regulate crypto because BUUUUT THATS NOT WHAT SATOSHI WAAAAANTED. So odd that people in this space can't even spot a scam as obvious as trump.
>if i purchased 100 worth of bitcoin will i turn a profit in lets say 2 weeks if it bounces up? If bitcoin goes up, you're in **profit**. If it goes down, you're in a **loss**. Both are **unrealized** until you exchange bitcoin back to fiat. >Im genuienly new to crypto 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. 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, the [Newcomers FAQ](https://www.reddit.com/r/Bitcoin/s/DQ9IogPw3q), and if you have any questions, visit r/BitcoinBeginners and look for the answers.
WRONG. "This data is based on two relatively small surveys (1,001 and 504 people, respectively) and may [NOT] misrepresent the entire US population since they were done online."
The biggest mistake you made was not taking profits or getting into a stable coin, NOT ignoring your mortgage.
Coinbase was the only exchange "NOT" using that term, glad they caught up.
OP is talking about "bitcoin OR crypto". So clearly "crypto" means "NOT bitcoin" (and thus shitcoin) there. So in this topic "Bitcoin, not crypto" is most certainly a correct statement, where shitcoin whining is certainly not appropriate. More in general: Lumping Bitcoin into a class that entirely and exclusively contains pure scams is not helpful or appreciated. Bitcoin is not a cryptocurrency. Depending on what you think that stupid word means, it's either THE one and only cryptocurrency or it's not a cryptocurrency at all. Either way: shitcoins and other such boring scams are off topic here.
Banks do NOT take 'seconds to verify', that is an illusion. Call your Fiat bank, and ask them how long it takes for a payment to clear with Finality (they can't reverse it). If they were honest, the actual answer is months, and maybe YEARS, pretty much to the statute of limitations, in extreme cases. Even if you close your account and take the money out in cash, you could still be legally liable for a reversed transaction, if the funds were later found to be stolen or fraudulent in some way, even if you had nothing to do with it. I have had mistakes in my favor reversed weeks later, and the funds syphoned right out of my account, and that is not an anomaly. Crypto, at least not the Vitalik DAO types, do not do that, and in fact settle much faster than any Fiat bank ever could.
My advice is to NOT buy BTC.
It depends on the mortgage rate imo. My dad bought his dream home in 2021 at a super low interest rate but his old house took 2 years to sell. He cashed it out and was advised NOT to pay off his current mortgage because his rate was so good, so get advised him to buy 2 smaller houses and rent them out and use that to pay for his own mortgage. I don’t know if that’s good advice but he’s doing really well financially.
Yes, BUT ---- it's all relative. I think age, current income, and financial discipline are the ingredients. Current income: if the person can easily handle their monthly expenses and holding crypto is purely passive, that is a different perspective. However, if a person is struggling and paying off their home would improve their lives.....absolutely, the financial discipline is to NOT borrow against it in the future, nor run up credit cards. I have rental properties, if I can pay off those mortgages, the income is steady, passive, and long term. In turn, helps my borrowing power for the next investment. It all works together. Financial discipline is paying off debt from the windfall and staying out of debt. Live within your means. The will always be a bear market, black swan event in the future. Not only do you prepare for a bull run, you have to prepare for the following bear market and invest all over again. Rinse and repeat.
1.When you say that you DO NOT build in wallet support, do you mean that you don't use the wallet in it? I've seen some tutorials where they show that Bitcoin Core has a wallet in it, or umbrel/start9/etc. Is that what you're referring to? I was planning on using my node + sparrow. Lol, idk if we're talking about different things, sorry. I'm an noob. 2.Other than being "useful" to the network, or "hosting a blockchain explorer" (whatever that means, haha); I've read that a prune node is not REALLY necessary. Any security advantages when running a full node from your perspective? Any advantages at all, if any?
Sorry I'm a bit late to the party. If you really want to verify transactions (by this I assume you mean trust that the node is following the rules you want it to follow) you have two options: 1. Download the source for bitcoin core / whatever node you prefer and compile it yourself (this is not hard). Personally, I do this and DO NOT build in wallet support (my wallet lives somewhere else, my node exists purely to replicate the blockchain). The configure line I use is below. 2. Download a pre-built binary and run that. text break to make reddit formatting work ./configure --disable-wallet --disable-bench --disable-zmq --disable-man --disable-upnp-default --without-gui --without-miniupnpc --disable-tests --prefix=/usr/ --enable-c++17 CFLAGS="-O2 -march=native" CXXFLAGS="-O2 -march=native" As for storage space, to run a 'full node' (not using prune mode) you need around 800GB. 2TB+ is for an archive node, which there's no reason to run unless you are hosting a blockchain explorer. Note: If you do use prune mode, your node is not 'useful' to the network in most respects. Why? A pruned node cannot host the blockchain for other nodes. Meaning it cannot send blocks to nodes that don't already have them. Only full nodes and archive nodes can do that. It *does* replicate the mempool though. Bitcoin core can run on a spinning hard drive without too much issue, so long as that is the drive's only task (co-hosting it with a file server, or log files, or anything that is read/written often is not going to work). SSDs are better, but not required. Wallets other than bitcoin core will vary in this respect based on how they persist data. I used to run a full node on a mini-pc from 2012 with an external USB hard drive. It ran for years rock solid until the HDD died. I've been lazy and not replaced it, so my node has been down for a while. But yeah, the setup totally works.
If your theory about the technical team being “sufficiently staffed” are correct then we are looking at a much bigger problem than if resources should be allocated first to governance or scalability. In my opinion Emuergo have generated very little in exchange for the startup ADA that they were granted. My hope is that a proposal is made to earmark huge incentives (150 million+ ADA) to people willing to get hydra and Input Endorsers working. Goes back to my first point that perhaps the brains working to solve these issues have already determined that greatly improving scalability while maintaining the ethos that Cardano was found on is simply NOT possible. The more I someone looks into Cardano, the scarier it is in terms of realizing that this project is coming to a dead end. I just need one more pump to get out of this until I finally see Hydra or reference scripts being implemented.
I’ve been holding BTC since $14k - do NOT do this stupid idea unless you time a dip (under $55k)
I trust the S&P 500 index and I trust bitcoin, I have a significant amount of money invested in each, but I have accumulated this wealth without taking foolish unnecessary risks, I am doing it the way that is most likely to lead to success and that’s without debt and leverage. You are risking too much, you may continue to be lucky and be fine good for you if you do, but, you MAY NOT be too and that will be financially and emotionally devastating to you. I don’t want anyone to think what you are doing is a good path to take when doing this without leverage is the far superior path. Using leverage to chase wealth has ruined far more lives than it has helped! Maybe you will have more than me someday, but I sleep well knowing I am not at risk of losing everything as I build my wealth.
I always dislike that comment made by everyone trying to get into the crypto world. YOU ARE NOT LATE. If you were to ask anyone around you, work friends, people on transit, there is a very large portion that still have no idea what crypto is and its potential headed towards the future. Sure you know a handful of people who have put $1000 in BTC or ETH and lost it all so they gave it up and deemed it a scam. It’s still the very early stages. Think of social media in the 2010s, you’re having fun “poking” your friends on Facebook. There are still massive leaps ahead! But in terms of your exchanges, do your research based on your location, needs and wants. Do you plan on day trading or just tossing some money in here and there? For me, I live in Canada so wealth simple was a great way for me to get started, Super simple, easy to use platform with low fee. I later evolved to using Kraken pro, it has an a user friendly side to it, but now starting to swing and day trade, it has a more complex side to it cater towards more needs, but also with lower fees than the rest.
The allowance is NOT £3k of CGT, it is £3k of gain, so if you make a £10k gain, you deduct the allowance of £3k and pay CGT on the remaining £7k. Depending on when you acquired assets there might be the possibility to carry over previous years’ capital gains allowances but generally this isn’t possible. The UK used to have the much fairer taper system but got rid of this to increase taxes, which is obviously unfair e.g. you buy a second property and sell it 10 years later, you’re taxed CGT on the total gain which doesn’t take into account market value … if you sell a second property to buy another similar second property you wouldn’t be able to buy the second property because of the CGT! One cloud silver lining, you can register capital losses with HMRC and then offset that against subsequent gains. Frustratingly, even after having registered the loss, it’s nigh on impossible to find this information in your online HMRC account, and the online Self Assessment form doesn’t pre-populate the relevant field in the gains section, you will have to remember the registered loss!
Chances are you are being scammed. Do NOT send money to anyone through an ATM.
Huh? If people weren't so stupid as to store their funds on exchanges, they would also benefit from bitcoin's censorship-resistance. But since they obviously don't understand this NOT YOUR KEYS NOT YOUR COINS thing....they have to have an expensive lesson... to finally understand.
DO NOT give up. we're already extending the lifespan of mice etc. if you can go on another decade or so, your lifespan could rise to 130-140. THAT buys time for science to extend it to 250+ which buys time etc etc
Is it his own money? Was this eth purchased illegally at the ico? We can’t possibly know because they DO NOT practice transparency. Their entire history is secrets and lies.
Doesnt change the fact that its the most stupid shit ive heard in a while. But FIY: The USA does NOT have everything! And anybody that claims so has not travelled anywhere far outside the US. Maybe they went to south america once and thats why they think the world outside the US has nothing to offer. Americans🤣🤣🤣
Every Palestinian and every other person should be using Uniswap and Metamask for trading, NOT Binance or any other exchange
The answer definitely does NOT lie in your DMs - just in case you were receiving helpful 'offers' already
And USD allows atrocities too. The point of BTC is it's NOT government controlled. How many countries does BTC and crypto actually help from corrupt governments. Go around your house and throw out everything made in China since they help Russia too.
You CLAIM to have morals and empathy, while consistently demonstrating only ENVY. George Orwell is correct, socialists don't love the poor, they just hate the rich. Your constant badgering about net worth is silly. Either my net worth is too high, in which case I'm an evil exploiter, who provides no value to society, or I'm a sad poor bootlicker with my head in the sand. It can't possibly be that I am simply a person who understands how unbelievably stupid a tax on unrealized gains would be. Also, I DO have a stake, I have to live in the world, and I would not want to live in a world that taxes unrealized capital gains. Hell, I'm against capital gains taxes that are not adjusted for inflation. Why should someone have to pay a tax because the value of the dollar keeps going down? It's yet another incentive for the government to accelerate the devaluation of the dollar. The value of an ounce of gold has not really changed in thousands of years, and yet the dollar value has changed dramatically. Do you honestly think everyone who disagrees with you is an unthinking parrot? I didn't twist your argument, I asked two separate, but related questions (in fairness, one of the questions was leading) in response to your question of: "We should allow gross concolidation of power and should live in a corporate oligarchy because of the Dyson company?" My responding question was: The current corporate oligarchy is publicly traded, so what good would a wealth tax against individuals do? I made the assumption that you wanted to eliminate the current corporate oligarchy. I could ask the second question in a less leading manner: In order to disrupt the current corporate oligarchy, would you support limiting the maximum size of public corporations, in the same manner you wish to limit the maximum size of private companies? IF, and only if, you would support such a policy, would all of my examples become very relevant. It was presumptive of me to list them, but it does provide examples where companies larger than 100 million dollars are necessary. I'm focusing on a single company because YOUR argument doesn't make any sense. I don't feel any pity for James Dyson, I feel pity for all his employees who get laid off when you come in and chop up Dyson to sell for parts because you don't like how big of a company it is. NOW, you will come in as say, "THAT NOT WHAT WOULD HAPPEN!!!!!" because you would take the MOST charitable interpretation of how things would play out. That forcing James to liquidate 99.3% of his company in a tax auction wouldn't somehow damage the company. More than likely, Blackrock would hoover up most of that for pennies on the dollar. Which would be a WONDERFUL way to INCREASE the power of the corporate oligarchy. I call you a thief because you have the mentality of a thief. You feel morally justified in calling for the theft of individuals private property. I'm guessing you will claim that, "they stole it first," but a thief who steals from other thieves is still a thief. The motivation is envy. You are motivated by envy. You see what others have, and you hate them for it. It is NOT a healthy way to live. So you have a net worth in the ballpark of 10 million dollars. Do you feel that capital is being misallocated? Why did you invest as you have, if you do not feel that capital is being well utilized? That capital could only appreciated to a value of 1 billion dollars if it was being used to generate value. Why would you not want that to continue? I fully understand that the appreciation would not materially affect your lifestyle, but it would certainly have a HUGE positive benefit for all the hiring and expenditures and sales that it would enable. Why do you want to stop that from happening? It's a little weird that you have such a selfish view of your own assets. Well, if that is what you truly believe, I have GREAT NEWS!!!! Whatever amount of excess net worth you have, you can divest of RIGHT NOW!!!! You can send a gift directly to the US Treasury: [https://www.fiscal.treasury.gov/public/gifts-to-government.html](https://www.fiscal.treasury.gov/public/gifts-to-government.html) You claim I'm not using actual arguments, if you truly believe that, than any further discussion is likely pointless. That won't really matter, because people who engage in these sorts of discussions, myself included, will continue to respond well past the point of sensibility. I have no love for the current corporate oligarchy, but there is nothing in the current power structure that can realistically damage it. Your proposal of a tax on unrealized capital gains would actually likely strengthen it. If nothing else, I have one question that I have asked repeatedly, that I genuinely would like to know your answer to: What has the Dyson company done that is so horrible that they NEED to be broken up? Seriously, this is a fundamental pillar of your argument, that there is something inherently WRONG with the mere existence of the Dyson company. I keep referring to it because it is literally the largest company on earth that is owned by a single person. They are THE example, so why do they NEED to be destroyed?
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. 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, the [Newcomers FAQ](https://www.reddit.com/r/Bitcoin/s/DQ9IogPw3q), and if you have any questions, visit r/BitcoinBeginners and look for the answers.
> They clearly have not https://www.statcan.gc.ca/en/subjects-start/prices_and_price_indexes/consumer_price_indexes The CPi is 2.5%, so yes. They have. Why does nobody on this sub know the difference between a deficit and money printing? > that is paid for by printing money. No... it can also be paid for by loans. Which do NOT cause inflation. Meanwhile I'm not sure how you think Trump is going to somehow run a lesser deficit anyway. his plan on his website includes: * No new taxes * No inflation So no possible new sources of revenue except also loans again. But then: * Rebuild our cities ($$$) * Rebuild our military ($$$) * Ban outsourcing ($$$$$$$, since "no inflation" means that the government MUST subsidize the entire price difference for every single good between it being made in the USA vs Malaysia, to satisfy "no inflation") No new revenue sources, no significant cut spending, yet massive new spending = trillions more debt is the only mathematically possible answer to how to achieve everything on Trump's homepage.
> Let me ask you this. Bill Gates is going to be affected by that tax. He’s worth over $130 Billion. Meaning each year he will owe approximately $30 billion in taxes off of his net worth. So he has to sell his Microsoft stock to pay it..... **Jessssuusss Christ on a Motor Scooter!!!** That's **NOT AT ALL** what the proposal is. Either you don't get it or you are intentionally spreading bullshit. The proposed idea is to tax **Annual income over $100M**, not total Net worth. So **NO**, Bill Gates does not have to sell off his MS Stock. The intent is to close the loophole that allows Mega Wealthy to borrow against their assets tax-free as income, instead of collecting a taxable salary. That's how bajillionaires get around paying income taxes. While the goal is to get bajjillionairres to pay a percentage-based income tax similar to the rest of us... the idea is just a floater. They are just saying that the mega-wealthy need to pay taxes too, as most of them pay next to nothing. There is no pending legislation and if there ever is, it will never pass.
" actually feel motivated to try and spread the good word and educate more on BTC, just to inoculate more against their own ignorance and anger." If you post this on r/butcoin you will be instantly banned for life. The Bitcoin haters are blind with rage. Even when we are polite and answer their questions sincerely, they frequently respond with hate. And you will still be banned for life, even tho you are the polite one NOT using derogatory names. I'm simply done with them.
TO BE - OR NOT TO BE. Hamlet was the OG
I think the big problem with talking about this stuff is that some people don't remember it or remember it differently. Or someone will say something that's slightly off. It's possible I got some of the stuff slightly incorrect here, but a few google searches (use "Druid early bitcoin miner" in search for example) comes up with some links showing confirmation about what I'm talking about. Oddly enough, one of the search links is to [another one of my Reddit posts](https://www.reddit.com/r/Bitcoin/comments/x3g966/did_it_really_took_satoshi_6_days_to_mine_the_2nd/impef7q/) where someone confirms when Druid had started mining. It's important to note that we know for sure Satoshi was mining back then, but we don't really know how many blocks. The block that had coin that was used to send the first transaction to Hal we know for sure he mined, so it's safe to assume he mined at least a few blocks. Also, there's considerable debate about how many he mined, but I highly disagree with some people in this industry who seem to insist that since we don't have proof of anything other than the ones that are specifically linked to Satoshi we shouldn't assume he mined more. He most certainly did. It's probably safer to assume that Satoshi made a new account on the Bitcoin forums and participated as just another regular Bitcoiner. He might have even decided to mine. Aside from the P2P foundation account where he stated he was not Dorian Nakamoto, we didn't really hear from him, but since he posted so quickly to that account, I think it's safe to say he's definitely still paying attention and likely participating as someone else. That said, I do also believe the August 2015 email was the legit Satoshi (another contentious point from some people, but it was sent from an email address that was confirmed to be one he used that was *NOT* hacked.) In that thread, he kind of gave credence to the "small block" crowd over the "big block" crowd when there was a push to make blocks bigger and bigger.
> He is talking about his citizens using it for commercial transactions. That's because Bitcoin is ***NOT*** for spending/transactions How do you people not understand this VERY simple concept? The *purpose* of money is to store economic energy. Bitcoin is the best money. Someone who actually USED bitcoin for it's highest and best purpose (saving) has benefited **GREATLY** over the past 15 years. It is NOT EVEN POSSIBLE to spend/transact Bitcoin *unless* someone else is actually willing to use (save) that Bitcoin. STOP SPENDING YOUR BITCOIN LIKE AN IGNORANT CLOWN. In before some CLOWN replies with >Don't tell me how to use muh Bitcoin. To which I say, if you are dumb enough to spend it, then it won't be YOUR bitcoin anymore, so the problem is solved either way. Money is ***NOT*** for spending. Money is for storing economic energy. Spending is an ancillary phenomenon that that only occurs and is only possible because the money is being properly used by others to store economic energy. This is, of course, obvious to anyone who thinks this though logically, but this place is infested with Spendiots who think spending matters or that transactions are the source of a money's value.
And DO NOT tighten that screw - stay loose brother man.