Reddit Posts
Mentions
This is exactly what OP is NOT looking for lol. He is literally looking for a custodian this is the exact failure mode he is afraid of.
TLDR: River - for HYSA savings paid in BTC and DCA FoldApp- for daily driver general use debit card % back, DCA and spot BTC buys , pay bills and get BTC back In depth: A lot of people search and search for the lowest fees which I mean hey that's great but I would say pick something that's easy that you like. Stacking sats even with some fees is stacking sats. Just stack over time and you'll be good. If you don't want the complexity of many amounts than you should do what your comfortable with River: - BTC only - amazing statistics layout - amazing support - one time fee on recurring buy, 0 fees after that ( fee for random spot buys) - low spread - high yield savings account that gives BTC interest. if you want to park some emergency fund - proof of reserves the first of is kind - you can automate buying and withdrawal - 1 free withdrawal per month - up to 100$ in BTC referral Possible cons: - people even myself have had issues with kyc I would recommend getting that cleared before buying. - America only FoldApp: - debit card with BTC back rewards (.25-1.5%) - you can load it with cash or convert BTC to cash when needed if you want to live primarily off BTC - you can pay credit cards with it and get % back - can purchase gift cards at 2-10% back in BTC - can buy sell and transfer BTC only - round up BTC buys - amazing support - 2% BTC rewards credit card coming soon! Waiting list referral BTC raffle - 20k sat referral signup bonus Possible cons: -tiered system with free and paid --- paid tier has highest rewards (100/yr) Paid tier also has 0 fees on buying selling and transferring --- free tier still has solid benefits. buying selling and transferring. Other exchanges: Kraken- I use them sometimes for other crypto they are really good. If you use the pro option it'll have lower fees than regular kraken Coinbase - I started here pretty basic but those fees had me move to kraken then fold then river. Pro has lower fees than regular coinbase DO NOT BUY FROM **BITCOINDOTCOM*** eventually you may want to move BTC off an exchange but start small start simple and just explore. Everyone's going to say do this and that but get the basics do your research and go at a pace you feel comfortable. Shameless plug: I have referrals for fold and river River - up to $100 in BTC ( from hitting different buy amounts) Fold app - 20000 sats after first purchase if you want to get sign up bonus hit me up.
So, do you look at current market conditions and NOT buy at all then?
Exactly, man. For example, BlackRock or any of these other companies offering a BTC ETF to their customers literally buy AND hold BTC that they have in custody. The customers interested buy the ETFs, with the company collecting fees from that, BlackRock for instance earned something around 250 million $ last year from their BTC ETF fees. However, customers can also sell their ETF holdings, but that does NOT mean that these companies go and sell BTC on the open market. Not saying they won't ever do this, but they will continue to hold this asset knowing that it will grow in value over time AND that there will be more demand from investors in the future. There's a reason these big money players are loading up, and that is because they want to own as much BTC as possible, really no explanation needed as to WHY this is.
Memorizing seed phrases is not advised. You open yourself to a $5 wrench attack. If your stack is worth less than 1 month of your labor, you will have bigger problems to worry about if you get a head injury and lose your seed phrase due to memory loss. If your stack is worth more than a year of your labor, consider multi-sig and make no effort to memorize multiple seed phrases. The following is my recommendation: The crucial starting point is to generate seed phrases securely. Best to use entropy that is not linked to any kind of random number generator RNG but uses an analog method, such as rolling dice, or my preferred method, which is picking words from a hat. You literally print all 2048 words from the BIP 39 list and cut them into small individual words and pick them randomly to generate your seed phrase. [https://github.com/hatgit/BIP39-wordlist-printable-en](https://github.com/hatgit/BIP39-wordlist-printable-en) After you have a highly secure and analog seed generator, you are now ready to create wallets. My preferred software wallet is the FOSS sparrowwallet.com. My preferred hardware signing device is the do it yourself and FOSS [SeedSigner project](https://github.com/SeedSigner/seedsigner). With SeedSigner, you can enter 11 words that you picked from the "hat" enter them and it will calculate the 12th as a checksum and then it will guide you through writing by hand a QR code. This QR code is your seed so protect it. With the QR code, you can then scan it with your SeedSigner and then using what's called a partially signed bitcoin transaction PSBT you can create your wallet with Sparrow and sign transactions - spend Bitcoin. This way, your seed, or private keys, have never entered an Internet connected device. Absolutely air gapped. You backup your 12 words by hammering them onto stainless steel washers using the Blockmit jig for clean strikes. Put them on a bolt and secure it. You can wrap them in paper and coat them with clear fingernail polish for a tamper evident layer. With this set up, you are ready to create extremely secure bitcoin wallets. It's also very useful for more complex multi-sig wallet set ups that require multiple seeds to sign transactions. When creating multi-sig wallets, for example, a 2 of 3, you create 3 seeds, and 2 of them are required to sign (spend). A recommended solution for storing your steel seeds is to secure each one with a separate lock box service. These are commercial establishments that provide highly secure lock-boxes similar to safety deposit boxes that some banks offer. Place each seed with a different lock box provider in separate locations, cities or even countries. Remember, your HODL wallet is not for regular transactions, but for very long term storage. An important consideration for multi-sig is that the xpubs must be preserved. xpubs (public keys) are used to set up a watch only wallet for securely depositing funds and tracking all UTXOs. They cannot be used for spending funds (private keys). xpubs should be stored carefully, but do not require the same level of security as the private keys (seed phrases). Therefore, you can store xpubs with your password manager's secure note feature. These can also be encrypted and backed up on internet connected devices. If someone gains access to your xpubs, you lose privacy, but you do NOT lose your Bitcoin. And to verify everything, you run a node preferably on GNU-Linux, and connect your Sparrow wallet to it. My node preference is Knots. Once you have your 3 lockbox locations and seeds secured, you can write up instructions as to their locations which will only be made available to the appointed executor in your will. If you have no heirs, consider willing your Bitcoin to an institution that you support or some philanthropic cause. Being your own bank requires a deep level of responsibility.
If it is not your keys, it is NOT your Bitcoin
Haha. I smell another FTX 2.0. scam. If it is not your keys, it is NOT your bitcoin!!
Here an useful tutorial: Great job, don't download random apps, scammers are everywhere. Anyway, we all have been where you're at, read and 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 and if you have any questions, visit r/BitcoinBeginners and look for the answers.
Hate to say this , but it seems there are so many of us just waiting for it to go back up(and are confident that it will) that it’s NOT going to happen. Not until there is complete capitulation and all the weak hands finally panic and think it’s done and start selling, THEN it skyrockets!
Welcome aboard. We all have been where you're at right now. Read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. **A few good wallet choices:** [https://blockstream.com/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. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
I meant that if he was NOT using Coinbase advanced that's roughly what it is costing him by using the standard purchases instead.
If i were that kid, I know I would answer (NOT) any inquiry about me. I bet he is not an ordinary human anymore, he crossed to the next level, he is a corporation.
>If you had to relaunch your crypto exchange today, what would you NOT build again? Shitcoin support.
I never said or implied i was mad at you. You simply don't understand that leveraged money is NOT your money. It's borrowed money and belongs to the lender. You can use THEIR money but you should understand that because you don't own that money, they have the right to sell your shares to get THEIR money back. I'm not saying it will happen 100% but you should understand that using leverage comes at a cost besides the interest rate you pay on it. I'm only telling you this to help you understand what you are doing with the money you actually own.
Love how the next bull run on this graph starts at $90k and runs up to $900,000. I’m so down. I’m so ready. lol. NOT GONNA HAPPEN. Lmao.
I honestly don't mean to be hurtful or mean, although, if losing 8k in total losses could ruin your life, you shouldn't be trading the markets, probably better to invest and or stake. I've lost a little over 400k in a single eth trade, you're ultimately going to be okay, but futures is NOT for the feint, especially with such capital where you have to be exceptional to make anything meaningful.
THIS IS AN ESTIMATED AMOUNT — NOT EXACT! I wrote it off my PC so you can see where i am at...
I mean, when those three green months are 40%+, 40%+, and 18% up, it would be hard for the other months NOT to be red, no? It's down 12% for the year, and even some of that is because there was a 10% spike right at new years last year.
I just ordered one. I keep hearing bad stuff about tangem(my current cold wallet). I use a seed phrase NOT the cards only, but don't like that it is one address for every transaction. I don't have a lot of spare money at this time so the Trezor 3 is the one for me haha. If tangem did a bitcoin only and changed addresses correctly I might have stayed but here we are.
There has literally only happened to one exchange out of the blue where everyone was in the dark…and a sketchy ass child ran it….the ones like cashapp and Coinbase that are backed by huge trusted multi-billion dollar banks are NOT going to go under randomly…unless the banks behind the scenes go under and they are NOT….If they did, you would have ample time to get out. Binance i would NOT trust, especially if you are in the usa. So if you have coins onba reputable exchange that initially had other services….your couns are safe, and storing in offline storage is pointless in my opinion. If / when crypto becomes a currency then YES everyone should go cold storage
Your example is problematic from the start because why would there be conventional weapons in the meeting room in the first place? Say you work in a police unit and everybody carry's service weapons, then yes that would be a situation where you might make sure there were no weapons in a room. In which there would need to be more specific directions to remove "anything that can be used as a weapon" but at that point you'd also have to take their belts so they don't strangle each other with them. But even then "Remove all weapons" and "remove anything that can be used as a weapon" are two different statements. A chair is not inherently a weapon, it is furniture, but it can be used as a weapon sure. If you really wanna go down this argument then yeah I'll yield that Bitcoin can be used as a currency, albeit not a great one. It is however not legal tender or a replacement for money. Technically Disney bucks, Goldbacks, Frequent Flier Miles, and Chuck E Cheese tickets count as currency in this example as well. Hell pokemon cards carry value and someone could choose to settle a debt with those. Still something you can use to exchange, but NOT legal tender. Bitcoin overwhelmingly is something thats bought or sold for money. Not used as money (as it was designed for) You can pay each other in bitcoin, but its a terrible process and the nature of bit coin makes it not great to do... as the value of bitcoin swings so wildly its often better to hold onto the bitcoin for the value it might gain rather than its use as settling a debt. If you paid someone .001 bitcoin in march 2024 that amount would have a VERY different value in December 2024 and you might as well have kept the bitcoin and paid with fiat, as to not lose the value gain over time. Kinda makes it a terrible currency and thats why its generally not used as such. The overwhelming majority of use of bitcoin is selling and buying it for legal tender, not trading bitcoin for goods and sevices. So sure its both a currency and a commodity ( although its kinda terrible at being either of those things) I feel like it counts much less as a currency... primarily because of the way it is realistically used, not so much from its potential.
I didn't. I invest in disruptive tech, which is why I hold BTC, NVDA, TSLA, PLTR, etc. Right now in this environment the best way to increase your wealth is to NOT invest the majority in BTC. Later if you decide you want to go all-in you'll be buying a lot more.
how is it NOT a currency? or type of money at least (currency sometimes isn't good enough to be called money, like failed currency isn't money). USD or EUR are both completely fabricated, there are no USD trees, and in the same way crypto is completely fabricated. Same difference.
Post is by: NoCucumber4783 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1pzlkzk/what_crypto_apps_do_you_actually_pay_for_not/ Hey everyone, I shared my story a while back about losing $1M → $100k twice in crypto. Classic degen mistakes, never took profits, too concentrated, the usual. Anyway, I'm not here to rehash that. I'm an indie dev now, still in the space, and genuinely curious what tools people actually use and pay for. I'm talking about the boring stuff (web2 apps): * Tax software * Portfolio trackers * Analytics tools * Anything that saves you time or headaches NOT looking for: * Trading platforms * Pumpfun style stuff * "Next 100x" alpha tools Just real apps that make your crypto life easier. What are you using? What do you wish worked better? What do you still track in your own spreadsheet because nothing good exists? Would love to hear what's actually helping people, not what's being shilled. *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.*
# 🚨 GMI INT – SCAM WARNING 🚨🔗 [https://web.gmiint.vip](https://web.gmiint.vip) # 🚨 GMI INT – SCAM WARNING 🚨 **DO NOT trust or use any of these sites:** 🔗 [`https://web.gmiint.vip`](https://web.gmiint.vip/) 🔗 [`https://web.gmiint.net`](https://web.gmiint.net/) 🔗 [`https://web.gmiint.xyz`](https://web.gmiint.xyz/) **100% SCAM — AVOID AT ALL COSTS** I traded with **GMI INT**, and it was a complete disaster. They lure you in with *promises and attractive returns*, but once you invest and *try to withdraw*, you’ll run into endless excuses: ❌ “You need to pay this fee first.” ❌ “You need another verification fee.” ❌ “You need a draft fee.” ❌ They keep asking for *more and more fees* before any withdrawal is allowed. I was **never able to withdraw a single cent**. Every time I asked to withdraw, they came back with another excuse and another fee — all designed to make you pay more. 👉 **This is a classic crypto broker / recovery scam.** They *don’t care* about your money. They just want you to keep depositing so they can milk fees out of you. Stay safe. **Do not visit these websites. Do not trade with them. Do not send them any money.** If you’ve also been scammed by this company, comment below so others are aware.
Put your rebuttal into any AI software and ask 'where does this not stand up' and see what it says. Or better yet 'is this accurate'. Typical crypto mumbo-jumbo. If you say enough, loudly enough, it becomes very hard to refute. You've layered 15 faults into a very technical explanation. No one on reddit is going to thwart that quickly, so you feel correct. But it doesn't really line up with reality. Bitcoin is a financial tool, a speculative asset, something that can certainly be utilized in today's economy, but it's NOT most of what you claim it to be.
You should have gotten legal representation months ago. Do it ASAP before they rugpull. Changelly’s owners are spending those funds living fraudulent luxury lifestyles. They ARE NOT solvent, which is why they have to hold funds the way they’re doing. Get your lawyer on this case ASAP. Get your money out. It’s a race against time.
End of year insight: Best performing trades came from knowing when NOT to trade. Ran an AI agent testing this across crypto—turns out timing exits beats timing entries by a mile. Risk management > perfect signals every time. What strategies are you sticking with into 2026? https://app.andmilo.com/?code=@milo4reddit
The FDIC only inssures up to $250k per account holder per bank NOT per individual account but account holder so you would need several banks to hold the $10m at $250k each and 0.250% interest is rather nice interest high yields can be better but there are only a handful of them that have unlimited accounts most banks only apply high interest to a small portion of the large sum of money and you just set the interest to go to your regular checkin account and you make plenty of money to live off of at $2k a month interest on $10M
You’re describing a utopian theory that has already been debunked by history. We have already lived through a "Sound Money" era: The Gold Standard. Gold is mathematically scarce and impossible to "counterfeit" or print. According to your logic, the Gold Standard should have made fractional reserve banking and "bad debt" impossible. It didn’t. In fact, it birthed the modern fractional reserve system. Why? Because human self-interest favors convenience and yield over protocol purity. Banks realized they could issue more paper IOUs than they had gold in the vault because most people preferred the convenience of paper. We see this with Bitcoin today. You say people will choose the base layer out of self-interest, yet millions of people voluntarily gave their BTC to platforms like Celsius and FTX to chase a 5% yield. They traded "real Bitcoin" for "IOUs" because greed is a more powerful motivator than technical auditability for the average person. Furthermore, the base layer cannot scale to 8 billion people. That means 99% of the world must live on sub-layers and IOUs just to function. Bitcoin is a breakthrough in settlement, but it is not a cure for human nature. People will always find a way to lend what they don't have to chase a profit, and no amount of code on the base layer can stop a private contract or a side-chain spreadsheet from existing. I am primarily a Bitcoin maximalist, but my psychology degree and even a casual review of human history (when hard money was in effect) confirms hard money does NOT actually stop these things no matter how much we wish and want to believe it would. It absolutely won't. I stand by my original statement that believing otherwise is completely delusional, or at best, confabulation of the reality of human nature, psychology, and history. Your utopian vision is ideal, and how we both intend to choose to live ourselves, but virtually impossible to become reality with all 8 billion people suddenly living that way. It's not going to happen. That doesn't mean there is no point though. Bitcoin is a tool. It's neutral about anyone's intentions or use cases. It will allow people to use it any way they want. People will absolutely use it in ways contrary to someone else's ideals of what they wish it was solely used for. Bitcoin doesn't care. It's for everyone. We'll use it our way, but history already shows how some people will use hard money when it is the standard and all these problems still existed then.
Um, NOT. https://www.disruptionbanking.com/2025/12/29/the-banks-and-the-silver-surge-rumors-vs-reality/
Just the fact that he used "diamond hands" shows me his addiction and education are not over. If one wants to get out of an addiction....like if you want to stop drinking booze, you can't be saying "Should I get buzzed later?". You should eliminate those words and thoughts. With crypto you should repeat to yourself "99% of crypto projects have failed, who am I to think I'm going to pick 1 that doesn't?". It's greed plain and simple. If I was OP I'd sell it all and NOT let that stop me from starting a business. I'd somehow forge ahead toward my eventual goal. I worked in Mom and Pop retail for 20 years (we opened a store) and made a complete life out of it.
The one thing you need to understand is that this is NOT diversification, they will move together. Having that said, if you hold all of them or only a few of them, it will give about the same results in the end. Which is either they will keep bleeding or pop back up. It's a lot easier to follow and manage 2 positions than it is with 8. Since you don't seem to know what you are doing, neither technically, investment wise, or crypto wise. I would just keep it simple, the more move you make, the more mistakes you will make. As far as taxes and such, I would talk to an accountant about the best time frame for all of this.
Do NOT trust anyone from here or the Internet to help with this. Find a YouTube video with step by step instructions. Don’t use any clickable links from there video.
Lots to assume though. Would life unfold just the same way it has, other than your own personal financial "choices"? Sure I could go back to 2010 and pile up a few thousand BTC. Becoming one of the richest people in the world isn't without consequence though. Many that the average person never even considers. If life DID unfold otherwise the same, would you want to relive it? If life may NOT unfold otherwise the same, would you want to risk it?
found one from 2015-16 i think cus i remember using my child support check to buy 8.69 btc i dont even load it on my actual desktop only check it on tails i will NOT be paying taxes on something i “lost”
The same experts constantly say you don't buy bitcoin for the short term. You should always assume you will hold for at least four years. You should NOT need that money during that time. Yes, people will guess about various price points at various times, but they always know these are pure guesses and they are FAR more confident about the longterm. If you're disappointed after one year, that's on you.
Well, the ETF is more like a bank account. You own a promise from the fund that they will cash out your shares. MSTR is NOT bitcoin. They own a ton of bitcoin that they use in their strategy to supply financial products. The stock price reflects the strategy, rather than the price of bitcoin. Not necessarily a bad thing, just realize that you are investing in Saylor’s strategy, and not in his bitcoin. If you are buying through your retirement fund, your options may be limited. If you have a solo 401k, you can buy bitcoin directly. Most other plans allow you to buy ETFs, if at all.
I think we have another pump to $250k, it’ll quickly skyrocket to $300+k then absolutely tank. I think trump is really only getting started with the shilling, and it will lead to other governments trying to keep up with the US, which could potentially bring btc up to $500k. Although I do NOT see that lasting after he leaves
Sold weeks ago, when I should have months or years ago. Do NOT marry your bags.
Self custody and DCA, mate. Read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. **A few good wallet choices:** [https://blockstream.com/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. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
Welcome aboard. We all have been where you're at right now. Read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. **A few good wallet choices:** [https://blockstream.com/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. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
There is quite literally nothing Midnight does that isn't already done across every actually used blockchain with zks (which is all Midnight does) and CRE's confidential compute which utilizes TEEs and is actually a better privacy solution for institutions than Midnight could ever be since it can handle identity/KYC/AML. On top of that, Midnight has ZERO proven security track record and may very well experience a number of critical failures before it ever gets off the ground, which it won't because there's zero reason for adoption. It is NOT a "coincidence" Charles Hoskinson launches yet another ensuing ghost chain. This is by design. The main purpose of Midnight is to extract capital from the market into his pockets. Crypto is rife with scammers and this guy is frankly one of the more committed ones. Please be careful with your money.
If anyone actually believes that Bitcoin will get rid of all credit, debt, and leverage, they're completely delusional. Bitcoin in fact does NOT fix this. Those things will persist even when/if Bitcoin becomes the global reserve currency. At the very least there will be sublayers and derivatives that allow them even if everything is ultimately settled on the main chain. People can already completely eliminate NSF fees if it was important to them. There are lots of financial tools that make spending more than you have, impossible and offer protection against it. The only way credit, debt and leverage will ever go away is if it's globally outlawed. Not going to happen. And honestly it shouldn't be outlawed.
You're looking at silver and gold for profit and comparing it to BTC. You're comparing two things that are totally different from each other through the same lense. First off, gold/silver is NOT for profit. It's a store of value. Hedge against rising cost and preserving the dollar. Just because it's going up, doesn't mean that's it's true nature. Secondly, you need to look at the benefits of BTC compared to metals more broadly. BTC is virtual, not physical, there are no physical limitations like weight, movement, etc. It's easily transferable compared to metals across even countries, you can't dupe it or fake it. It's coded unlike metals which can be faked. It's also divisible to a greater degree that metals. To buy metals, it's better to buy larger amounts at a time to reduce buying costs. With BTC you don't have that issue. It's more accessible to more people. BTC is also taxed less in the USA than metals. There's so many benefits. This is why I choose BTC over metals.
Solana is currently hyped by some due to its meme coin casino……it is NOT a long term investment by any means ….put 80 percent of your portfolio in bitcoin and the other 20 in ETH ……that’s all you need …Solana will eventually go back down to $10 and stay there forever
Welcome aboard. We all have been where you're at right now. Read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. **A few good wallet choices:** [https://blockstream.com/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. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
I'd say get rid of the capital "NOT", it doesn't drive the point harder, just makes it feel like you're hitting us over the head with it. Also every word that isn't the first in the sentence or a proper noun should drop the capital. I'd say "optional" instead of "an option", it's bit clearer this way, otherwise it could sound like "failure is not an option" type thing. I'd say "..every fiat currency has failed" instead of "fails". it drives the point that this is a verifiable historical fact, not just what you think might happen. I'd say "when money..." instead of "as soon as...", and I'd say "stops" instead of "ceases". Simple words are better than big ones when they're available. Only use big ones if necessary. Matter of fact I'd change this whole thing to "when money can be printed at will, it's not a store of value, it's a tool of extraction.
That imaginary line WILL break. However, it will NOT be over when it does
Btc was higher than $10k without him. He was an ant in 2020-2021. With that aside: Anyone buying over 1.0-1.5 nav should NOT HAVE been doing that. I’ll say it again, buying MSTR is a dumb leveraged btc proxy. There’s no need to do that. However, he is extremely advantaged in his position, and he’ll likely do much better than me buying spot btc. 2 years of preferred is huge. Don’t belittle that. He could raise another 2 years at very little comp in the next 7 days and not even blink. He’s already won, it’s just how much more will he be able to vacuum up.
Do NOT rely on memorizing your seed!!!
I just recieved my "Onyx Miner Pro" in the mail a week or 2 ago. I have recently plugged it in. First off I want to say...The people on here or other sites saying that if you get one thats clear or cloudy "One is a scam" well, I'm here to let you know...that their all clear. There's a cloudy tape on each plastic piece (the 2 pieces that you screw on the miner for the cover) mine did not come with a stand because I only have one. If you buy more then 1 miner, you can buy the stand as well. My miner has extra Factory cords, it comes with a USB and USB-C-Port cord to plug in. It also has other spots to plug in some other cords. I am about to connect it, and I will come back in a week or so and let everyone know if I made any BTC. THIS MINER DOESNT GUARANTEE BTC EVERYDAY....EVERY 10 MIN, YOUR MINER HAS A CHANCE TO CRACK THE BLOCKCHAIN BLOCK. IF SO, YOU HAVE A CHANCE OF WINNING 3.12 BTC. This isnt a regular miner that Just mines all day long. And it doesn't use much of any electricity. If you bought an ONYX MINER and the clear pieces that screw over the miner to help keep it safe....if those plastic pieces are cloudy...PLEASE REMOVE THE THIN STICKER COATING THAT IS ON IT. Then your miner will be clear. Again, There are people out here saying if your miner "Plastic cover pieces" are cloudy, you got a fake miner. And that is NOT the case. Just remove the sticker covers. Idk if i can post pics on here. If I could or if I figure out a way, I definitely will post some pics of this miner. I am also a Noob when dealing with these things. But I'm not brand new...been dealing with crypto and things for about 1-2yrs....but I am new with this miner. I will let everyone know how it goes. It also comes with 100% money back guarantee and refunds at anytime.
Here's what you actually need to do. 1.Buy a cold wallet (Trezor or Coldcard, NOT Ledger) 2.Transfer the BTC to cold wallet 3.Write down seed phrase, store it safely 4.FORGET ABOUT IT FOR 10 YEARS Use that time to pay off the $30k debt Anything else is just mental masturbation or people shilling their altcoin that has been down from its 2021 top. BTC is the only proven coin which the price rebound and hit new ATHs.
Wow no way I did NOT know that. Thankyou for explaining this!
Don't know what you are looking at. Stick with the visual that was posted and you will see the break exactly as described. Of course you can pick any single time in a year and compare to the next year consistently and and there will probably be a different pattern 100 times out of 365 but that is NOT the point of the post. Christmas day is a very particular period and important day in the calendar as everyone is off and there are a lot of talks about BTC around the days leading up to it and on Xmas eve, all to drive the price. It all has to do with the liquidation cycle or the break of it at this point in time.
Alright genius, let's get into it. Major exchanges use mark price, not last price to trigger liquidations. "Last price" is the past price of the trade that occurred, "Mark price" is an aggregate index derived price from MULTIPLE major indexes. Even if the price wicked down for an instant due to a thin order book the mark price would have remained the same. Therefore, future positions WOULD NOT have been liquidated. I can get into it a lot further of you like, but you're already immediately wrong. If you care to keep going though, I can keep publicly eviscersting you.
Strike is great. I would personally avoid Conbase. Read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. **A few good wallet choices:** [https://blockstream.com/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. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
Yep. The standard answer to these should always be something like "No you're not ready for Bitcoin. You have obviously not done any of the homework required. So do NOT buy Bitcoin"
to answer your question directly, yes the root key can also be used to "get into" your wallet. so even if we assume that website is perfectly safe to use, you should NOT transfer any funds into that wallet.
You are the skeptic one here, trying to dismiss as vaporware or downplay what Ionq 800 logical QUBITS QC can do with Shor against secp256k1. So I am rightfully asking for the source of your doubts. Quantum computing is NOT easy, and even if they were, you would personally be doing nothing more than writing shitty things on Reddit :-). So take your meds and calm down for God sake.
Do yourself a favor: DO NOT VALUE AGAIN UNTIL XMAS 2026. 😎🖖🕯️
Perfect example of why we get so many posts of people getting scammed and losing their crypto! If you’re new to crypto, learn from this Op what NOT to do because Op will be back with a post titled “I don’t understand how I got hacked?”.
Just use a zero fee DEX. Everstrike and Lighter (iirc) both have zero fees. Do NOT use DEX's like Hyperliquid or CEX's like Binance if you scalp crypto. The fees will eat any profit you might make.
Are you seriously asking for financial advise here? Dude, NEVER invest on anything you don't understand. Understand Bitcoin architecture first, Blockchain fundamentals. REMEMBER: I DIDN'T SAY TECHNICAL ANLAYSIS, BECAUSE YOU'D BE INVESTING, NOT TRADING
FTX has entered the chat. /s Coinbase, Binance, and other big exchanges are capable of making use of BTC they don't legally own (but technically have control over) in order to run down or up the spot price and liquidate leveraged traders. This is a huge reason why it's important to remove your BTC from exchange wallets and put it on a wallet only you control. EXCHANGES ARE CONSTANTLY SELLING BITCOIN THEY DO NOT HAVE. (caps to match yours) They just happen to keep reserves to cover if their gamble doesn't pay off. It's pretty unlikely they'll get wrecked by stop loss/liquidation hunting, but they're doing it with idle client BTC. I don't think that this is the root cause of this particular bull market's unsatisfactory performance though. Wall Street WANTS Bitcoin. And they're determined to get it for the best price. If it takes them 10 years, that's fine. They don't care. But they have a steady constant sucking bid that is roughly fixed somewhere between the mining price and the fair market price. While they own the insignificant minority of the asset, it will remained valued low. Once they begin to control the stored volume of the asset, it will appraise higher. The one thing they ABSOLUTELY do not want, is the 4 year cycle volatility that allows savvy BTC cycle traders to sell high and buy low. They undermined the 24-25 bull run, and they're going to also undermine the 26-27 bear market buy-up. They'll hold the price as high as possible, and keep the monthly swings small. They piss off HODLers enough, and they think we'll capitulate and sell into this $85-$90K limbo, and we won't buy back in at $75K. But I think the next 2-3 years will be the steady sound of a relentless steady-sucking institutional bid.
Also, what threat do they even pose? "Oh my gosh, they SOLD bitcoin!" You mean they have fewer bitcoin now? What's the problem. Someone have lots of Bitcoin is NOT the same problem as people hoarding fiat. That's because those who hoard fiat control the money printers and can just print more of it for themselves. Thus making your money worth less. Bitcoin does not have that problem. The longer time goes, people can only own less Bitcoin as they need things. Unless they never sell, but then they literally never get to see the fruits of having Bitcoin... which is to use it.
I am most emphatically NOT being facetious. My statement is about human psychology and the resulting timing (of the invariably bad decisions), NOT about the price movement per se.
Very easy, do NOT split your key like this. Even just having 4 of the 12 words means your key is easily brute forced
If you mean an exchange where you can buy bitcoin without KYC, have a look at BISQ (or BISQ2), Robosats, HodlHodl, PeachBitcoin and Vexl. If you mean a wallet where you hold or spend your bitcoin from, 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. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
CannabisAI any toughts? Ath was $74 Now under a cent is on coinbase it had a few pumps this month 0x75394E89b51Ba2AC4DaA1681bD4201fE758818E3 I bought a few hundreds NOT A FINANCIAL ADVISE but is interesting . Lets moon 😉
Good for you. Having your assets in a personal wallet is not bad, and a respected phone app is a lot better than a desktop app. Next step when the amount is uncomfortably large is to move on to use a hard signing device such as Trezor. This completely protects your wallet seed from any electronic hacking, making sure the seed is secure even if your computer or phone is completely hacked. Keep in mind that the wallet seed IS your wallet. You must not ever share this with anyone/anything. Your BIP-39 mnemonic is only used for recovering access to the wallet using another wallet app or signing device If you ever get asked to.provide your seed for whatever reason then RUN AWAY. You are dealing.with scammers trying to steal your crypto. Common attack vectors include - "account validation" - "connecting your wallet to some lucrative service" - "recovering locked funds" Andany other. But they all have in common that they are trying to lure you into giving away the keys to your treasure chest. The seed phrase is NOT used in any such context and the only reason they ask for the seed phrase is to steal your assets.
Re-read the ops question. They have just started buying bitcoin (newbie). Good idea to mine? **No** Better to just buy bitcoin with the money? **Yes** I was a newbie when I bought the miners 6 months ago, I am still learning. Whilst tax can make the equation better by claiming costs with KYC, CGT becomes worse (no discount for 12+ months held on mined BTC, at least in Aust). If you’re not KYC, you can’t claim electricity and machine depreciation against the cost of the BTC mined. CGT cost base would be zero if you ever try to sell for fiat on a KYC exchange. **The OPs question was surely about most cost effective**. In 4 months, my rewards reduced by 23% and getting sats that the miners cost back looked unlikely. Add to that the electricity cost and I would be well underwater. Rewards advertised are NOT guaranteed, they are more likely to go down every month. So I sold the miners and will DCA what I would have paid in Electricity. I was mining on a hosted platform to a mining pool and therefore not running a node. An efficient miner requires 3 phase power which most people don’t have at home. Consider repair costs and downtime not hashing. Look at the global hashrate always going up, rewards going down; except in a dip when mining for fiat becomes unprofitable as it’s cheaper to buy the sats on an exchange. Cost of miners has also gone down with BTC price, meaning I lost money on the miners. Once the halving happens, there will be more efficient ASICs available so the ones you bought now will be scrap metal in 28 months. Not profitable to mine with and cannot be used for anything more than an ugly door stop. If you want more sats, buy on exchange. If still interested in mining and securing the network, buy a lottery miner and run a node. IMO, the only way you make money from mining is if BTC hits new ATH, but you would still likely have more sats if you had spent the miner cost and electricity costs buying sats on exchange. Just my 2c worth from my experience.
Not Lambo's - we want true adoption and not just Trad-Fi corporate adoption. regular people adoption. Too many people still cannot see the vision of having money that is NOT dependent on any one centralized government fiat system. Not to mention inflated to no end. BTC will get there, it will reach an inflection point where all of a sudden people "get it"..., but for hodlers who want to ride, an Iron stomach and monk like patience is required.
NIGHT is a $1.6b, (NOT FDV) so it's nowhere near micro cap and it still pumped by 66%.
Idont understand why they only sending ERC-20 those are any other meme tokens on ethereum Not ethereum itself What im thinking is maybe this people have or created their own token with little liquidty And thats what they are going to use to pay you and when you try to sell them they wont because of little liquidty you understand? Imho I wouldn’t mess with them anymore. You could ask them to send you the CA of the ERC-Token they are going to use to pay you. To verify is sellable Have them give you the CA and not just the name incase you do want to verify but I’ll just stop communicating tbh The ERC-20 payment is a red flag unless they give me the CA I WOULD NOT MESS WITH THEM
Do NOT answer DM’s. Preferably delete this post, don’t share your holdings. It’s in your best interest.
Welcome aboard. We all have been where you're at right now. Read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. **A few good wallet choices:** [https://blockstream.com/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. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
WOW PEOPLE 1 MILLION DOLLARS IS NOT ALOT OF MONEY AT ALL ARE YOU IN THE UNITED STATES ? What generation are you ? DO ANY OF THE PEOPLE SAYING NOT A HOUSE HAVE OR WANT A FAMILY
They cut rates, but relative the rates are still higher in US and EU, so why would people want to unwind from those assets to enjoy a lower JP rate? Also pls check the 10 year chart of yen to usd and to eur, it is NOT a safe haven. Bitcoin is a safe haven though.
Your TRON/Ethereum confusion: TRX is the native token of the TRON blockchain. USDD is a stablecoin that runs ON the TRON blockchain. You're not "investing in the blockchain" you're buying tokens that exist on it.When you buy ETH, you're buying Ether - the token. "Ethereum" is the blockchain network, "Ether" (ETH) is the currency. People conflate the terms. You're buying the token, not "the blockchain itself" - that doesn't even make sense as a concept. "Are these transactions recorded on their blockchains?" Yes. When you buy BTC, the transaction is recorded on Bitcoin's blockchain. When you buy ETH, it's on Ethereum's blockchain. Each blockchain is its own isolated ledger. "Do they communicate with each other?" No. Bitcoin and Ethereum blockchains don't natively "talk" to each other. They're separate networks. Bridges exist to move assets between chains, but those are third-party solutions with their own risks. You're asking basic questions about blockchain architecture while considering "investing" in TRON and Ethereum. That's backwards. You're trying to gamble before you understand what you're gambling on. Here's what you should actually do: Don't buy anything yet. You don't understand the basics, which means you'll lose money. Learn the difference between: Layer 1 blockchains (Bitcoin, Ethereum, TRON) - the base networks Native tokens (BTC, ETH, TRX) - currencies that power those networks Tokens built ON blockchains (USDD, USDT, random shitcoins) - assets that exist on top of L1s Understand this brutal fact: 95% of crypto projects are designed to extract money from people who ask questions like yours. You're the target customer for exit liquidity. Specific to your question about TRON: TRON (TRX) is mostly known for: Hosting Tether (USDT) - the largest stablecoin Cheap transaction fees Being heavily centralized (Justin Sun controls most of it) USDD is TRON's algorithmic stablecoin (similar to failed Terra/UST that collapsed) Buying TRX is NOT "investing in the blockchain infrastructure." You're buying a token that may or may not increase in value based on speculation, usage, and whether Justin Sun decides to do something stupid. The gritty advice: If you're this early in understanding, you have two options: Option 1: Learn first, invest later Spend 3-6 months understanding how blockchains work Learn tokenomics, market cycles, technical analysis Paper trade (fake money) until you understand what you're doing THEN consider putting real money in Option 2: Accept you're gambling and act accordingly Put 90% in Bitcoin (the only crypto with 15-year track record) Put 5-10% in learning mistakes with small amounts Don't touch anything with "innovative features" or "better than Ethereum" claims Expect to lose the 5-10% What you should NOT do: Buy USDD (algorithmic stablecoin with collapse risk) Buy TRX thinking you're "investing in blockchain infrastructure" Buy random alts because articles mention them Invest significant money before understanding basics
No i'm sorry, are you saying that 2025 was NOT a bull market? hahahaha
This makes my blood boil. I think I just lost any respect I had for Michael Saylor saying we should freeze his coins. Perhaps they are time locked 100 years into the future, he had 4 kids that had 2 more, on average, each - so 12 heirs now… then THEY may have kids… so splitting ~1 million bitcoin amongst 30-40 parties doesn’t seem that malicious and even helps with decentralization. Idk. If this happens it plain sucks. I will spin up as many nodes as I have hard drive space to vote for any client that does NOT freeze those coins. Jfc. What a horrible idea. This is Craig Wright-level stupidity.
Can we please talk about how having Visa and Mastercard is NOT good? It's kind of a: “You were the chosen one! It was said you were to destroy the Sith not join them! Bring balance to the force!” thing.
You may be asking the wrong question. Consider this: Why did you initially choose NOT to buy btc (ie. Risky, people have lost money, it seems like fake internet money, etc). This is lilely the answer (next to I was that person in 2017-2020. We need to have empathy to put ourselves in others shoes before assuming they should just “get it” (pun intended).
If you wanna be safe, BUY IT NOW. DO NOT WAIT. If you want the maybe, it MIGHT go to just below 80,000, but I would NOT bet on that at all
ABSOLUTELY NOT ETH. Now with the much faster and much cheaper competitors you can expect ETH to be sub-$500 in the first half of 2026. Please are hanging onto it because it’s a “Brand Name”. PLEASE do extensive research and you’ll clearly see it.
It will be impossible to know that. But it will become possible that someone, who IS NOT Satoshi, will start spending his coins. It is not acceptable. A solution is needed. Blocks spending UTXO's of the oldest wallest must become invalid at some point in the future. Until that day, you are free to upgrade to new address types at your convenience. Better plan that date now by means of a fork, and give users 5-10 years to upgrade, than never plan it at all.
Lol, username does NOT check out.
So I should definitely NOT take it as financial advice? If yes, how do you recommend conducting financial research on crypto investments?
You are applying stock concepts to money, which is the wrong conceptual framework. You cannot apply earnings per share or cashflow to things like gold. "Intrinsic value" is a concept that is appropriate for stocks. Monetary goods only have the "monetary premium". Monetary goods are the only goods that exhibit the property of being hoarded NOT for consumption, so it'll inherently fail any utility tests because "utility" is a conceptual framework that only applies to non-monies. No one argues that you can build a house with Bitcoin/gold, stupid. The correct conceptual framework is: Does this monetary good exhibit the framework of a good money, as opposed to a bad money? The historical reason why every shitty money has failed is because it is easily mass produced and dumped on the market, eventually. This applies to Rai Stones to wampum beads to glass beads. Technological advances of humanity has meant that we learned how to mass-manufacture money itself, so the money stopped being effective at storing value. The only exception is heavy elements, because they're seeded from asteroid impacts, we run out of the easy stuff at the same time as technological progress. The cost of production is relevant because monetary goods are weird. Because it's hoarded, the price keeps getting bid up until the point where someone can profitably extract some and sell it. It's a price-behaviour that ONLY applies to things that have a monetary-premium.
How is it possible is the wrong question. How is it NOT possible is the right one. None, absolutely none, of these coins have any real world practical use that gives them any level of inherent value. People are tired of hearing about “use cases”. Until one of these shit stacks turns a use case into real utility, they’ll stay dead, as they should.
- Robinhood is fine if you want to dip your toes in but I wouldn't recommend it long term personally their crypto gui is lacking especially if you intend to buy and sell. When it comes to taxes it's the biggest hassle if the exchange youre using isn't tracking the info correctly for you. If you want a recommendation I would say river or foldapp. TLDR: River - for HYSA savings paid in BTC and DCA. Best interface for taxes FoldApp- for daily driver general use debit card % back and spot BTC buys , pay bills and get BTC back In depth: A lot of people search and search for the lowest fees which I mean hey that's great but I would say pick something that's easy that you like. Stacking sats even with some fees is stacking sats. Just stack over time and you'll be good. If you don't want the complexity of many amounts than you should do what your comfortable with River: - BTC only - amazing statistics layout - amazing support - one time fee on recurring buy, 0 fees after that ( fee for random spot buys) - low spread - high yield savings account that gives BTC interest. if you want to park some emergency fund - proof of reserves the first of is kind - you can automate buying and withdrawal - 1 free withdrawal per month - up to 100$ in BTC referral Possible cons: - people even myself have had issues with kyc I would recommend getting that cleared before buying. - America only FoldApp: - debit card with BTC back rewards (.25-1.5%) - you can load it with cash or convert BTC to cash when needed if you want to live primarily off BTC - you can pay credit cards with it and get % back - can purchase gift cards at 2-10% back in BTC - can buy sell and transfer BTC only - round up BTC buys - amazing support - 2% BTC rewards credit card coming soon! - 20k sat referral signup bonus Possible cons: -tiered system with free and paid --- paid tier has highest rewards (100/yr) Paid tier also has 0 fees on buying selling and transferring --- free tier still has solid benefits. buying selling and transferring. Other exchanges: Kraken- I use them sometimes for other crypto they are really good. If you use the pro option it'll have lower fees than regular kraken Coinbase - I started here pretty basic but those fees had me move to kraken then fold then river. Pro has lower fees than regular coinbase DO NOT BUY FROM **BITCOINDOTCOM***
More than one: Read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. **A few good wallet choices:** [https://blockstream.com/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. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
Welcome aboard. We all have been where you're at right now. Read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. **A few good wallet choices:** [https://blockstream.com/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. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
First and foremost DO NOT ANSWER ANY DMs! If someone has something helpful to share they should have no problem doing it publicly in the comments of this post. 3. Tip 1 is look into self storage asap. You should plan to hold BTC for at least a couple years but more like 5 years at least. This is a lot easier and less stressful if you are confidant with wallets and making transfers. Also don’t get shaken out by big price drops, hold hold hold!
Yes but the more people buying etf and leaving coins on exchange is increasing the paper supply. NOT YOUR KEYS NOT YOUR COINS. The more paper supply the MM has access to the more manipulation is available. LEARN TO SELF CUSTODY YOUR BITCOIN.
Lightning IS NOT part of the bitcoin core. Its bs used to solve "buying cofee" but always worked like trash. Use bitcoin cash instead.
TLDR: Get Strike (KYC) or PeachBitcoin (no KYC). Read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. **A few good wallet choices:** [https://blockstream.com/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. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
Really depends on your country but my go tos are Fold app and River TLDR: River - for HYSA savings paid in BTC and DCA FoldApp- for daily driver general use debit card % back and spot BTC buys , pay bills and get BTC back In depth: A lot of people search and search for the lowest fees which I mean hey that's great but I would say pick something that's easy that you like. Stacking sats even with some fees is stacking sats. Just stack over time and you'll be good. If you don't want the complexity of many amounts than you should do what your comfortable with River: - BTC only - amazing statistics layout - amazing support - one time fee on recurring buy, 0 fees after that ( fee for random spot buys) - low spread - high yield savings account that gives BTC interest. if you want to park some emergency fund - proof of reserves the first of is kind - you can automate buying and withdrawal - 1 free withdrawal per month - up to 100$ in BTC referral - phenomenal resource for educational material Possible cons: - people even myself have had issues with kyc I would recommend getting that cleared before buying. - America only FoldApp: - debit card with BTC back rewards (.25-1.5%) - you can load it with cash or convert BTC to cash when needed if you want to live primarily off BTC - you can pay credit cards with it and get % back - can purchase gift cards at 2-10% back in BTC - can buy sell and transfer BTC only - round up BTC buys - amazing support - 2% BTC rewards credit card coming soon! Waiting list referral BTC raffle - 20k sat referral signup bonus Possible cons: -tiered system with free and paid --- paid tier has highest rewards (100/yr) Paid tier also has 0 fees on buying selling and transferring --- free tier still has solid benefits. buying selling and transferring. Other exchanges: Kraken- I use them sometimes for other crypto they are really good. If you use the pro option it'll have lower fees than regular kraken Coinbase - I started here pretty basic but those fees had me move to kraken then fold then river. Pro has lower fees than regular coinbase DO NOT BUY FROM **BITCOINDOTCOM*** eventually you may want to move BTC off an exchange but start small start simple and just explore. Everyone's going to say do this and that but get the basics do your research and go at a pace you feel comfortable. Shameless plug: I have referrals for fold and river River - up to $100 in BTC ( from hitting different buy amounts) Fold app - 20000 sats after first purchase Fold CC - sign up for waiting list if you want to get sign up bonus hit me up. Finally stay safe and watch out for scammers. Don't just blindly follow links look it up and verify the URL before you go to a website. Easiest way is to Google the site name Stay safe and stack sats