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They won't pay user rewards. Sign up bonus states they only need telephone and email. THEN won't give rewards unless you do the kyc. Terrible chat customer service. Its all cut and paste responses. Keep waiting . No user bounces. Forget about getting your 100$ sign up bonus . Unless you kyc. I am not kyc on these exchanges because they keep getting hacked and lose all your personal info to hackers. DO NOT GET WEEX .
If you have a Roth IRA, you do NOT have to cash it out to buy spot bitcoin and hold your own keys. Use a self-directed Roth that allows you to hold your bitcoin. Check this post, [https://x.com/socraticBTC/status/1883689256583045424](https://x.com/socraticBTC/status/1883689256583045424)
if you read the report correctly, they scope the audit by saying they would go direct to the bank to verify reserves, but in their conclusion they said this DID NOT HAPPEN and they relied on a report provided to them by Tether
Sounds like you're new.. The 1000% returns are NOT the norm. If you want gamble what you're willing to lose in a handful of alts and the rest just keep buying more BTC and ETH
I tried to buy something with my S&P500 fund yesterday. The stripper was NOT amused.
Don’t ask crypto guys please! Any serious portfolio has a big portion of low risk assets and a small portion of higher risk. Bitcoin is NOT low risk. Get out at least two thirds from your cryptos and put it on some cheap global and/or USA focused ETFs or funds.
>By that logic, a fly landing in someone's soup affects pricing because there's a chance it affects their buying decision. Well, yes to be precise. You're trying to reduce a complex, expectation-driven system to just order book mechanics, but everything affects pricing - often in unpredictable and interconnected ways. In reality markets are forward-looking and react to information, signals, and probabilities, not just trades. Suppose Apple had huge bad news on a Sunday. The stock market is closed over the weekend and no trades happen, do you really think Apple’s value is frozen in time at Friday's closing price? Markets don't stop processing information just because the order book is closed. People are still adjusting their expectations about Apple. That shift is real, even without trades. >That's like claiming that NOT lighting the fireplace cools down a house. An impact of any kind requires an action. Taking no action results in no impact. False equivalency. Opposite impact applies in markets because "not selling" has the same effect as buying. The removal of potential selling pressure is itself supportive of the price. An adequate equivalency would be opening a dam holding water or keeping it closed. The inaction itself is an ongoing force. Imagine a company where insiders are expected to sell after lockup ends - but they don't. That inaction sends a bullish signal, reducing expected supply and boosting investor confidence. It’s not nothing, it’s the absence of a feared action. Markets price in expectations. Or when the Fed doesn’t raise/cut rates or even says nothing, that silence itself can affect markets. Why? Because market participants expected something - and pricing is based on those expectations.
Do NOT pump and dump lol. Dollar-cost average, in a nutshell, just means that by investing a certain amount regularly, you balance out the volatility with consistency. This is extremely important to remember: BTC is a long game. A 20-30 year game. Do NOT invest until you're ready to just put the money in regularly and forget about it. Don't look at the ticker every 5 mins trying to sell. How do you think I got that -170?
>even if it only affects 1 person (me), it already affects the pricing :) That's an intellectually dishonest statement. By that logic, a fly landing in someone's soup affects pricing because there's a chance it affects their buying decision. >Alternatively, suppose Satoshi's estimated 1M coins were burned tomorrow. Or suppose they moved (not necessarily to an exchange). We agree those events would have a impact on buyers' and sellers' order decisions, right? If yes, those coins not moving have an (opposite) impact too. WTF kind of cockamamie reasoning is this? No, there is no "opposite impact." That's like claiming that NOT lighting the fireplace cools down a house. An impact of any kind requires an action. Taking no action results in no impact. What you're doing is trying to redefine what the word "impact" means in order to include "no impact" just so you can score a gotcha, and not even a technical gotcha.
Welcome abroad. We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
Welcome abroad. We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
OMG NOT SHOCK!!!! won’t somebody think of the children!!!
Yes… and „your Buddy“ did his First reddit post AFTER 220 days…. And its NOT a bought aged Account 🤣🤣🤣 SCAMMER
As long as your bag is locked in a multisig vault and your btc is NOT rehypothecated. Most lenders will say upfront if it is. I saw a comment that strike rehypothecates your btc. Stay away.
I have said this multiple times. Bitcoin only exists because it is needed. The way to kill it is for it to NOT be needed. That happens in 2 scenarios: people actually start behaving with honor and respect for the planet and for their peers, politicians start doing their jobs and banking starts being transparent for the people. Second option is we find post-scarcity and money is irrelevant. I am happy with either if those worlds, but the chances of the first is zero, and the chances of the second is almost zero.
congrats, but just two things: 1. sharing your holdings online (however big or small they are) is not a smart move. 2. even better advice: put into btc only what you are NOT ready to lose
Pepecoin!! NOT the eth version
This is fine, but it doesn't change the fact that Strategy's margin call point has become so incredibly low, that they will definitely NOT be what causes the next black swan event for crypto
Sounds like somebody is butthurt they don’t get to spend the money how they want to…best tip is to NOT ever tell you SO that you have any investments in crypto or otherwise and dump them ASAP they will try to spend the money rather then invest and try and force you to sell or give half to them in the divorce
The single person confirmed to NOT be Satoshi.
Wrong. The risk of NOT going all in is far greater. And more certain of ruin. Choose wisely.
>Long-term holders are market participants and help determine market value, just like active traders do. So while liquidity is a piece of the puzzle, market cap is also relevant. No, it's not. >If I buy 1 million bitcoin and refuse to sell them, I've made an impact on the market even if my bitcoin never touch an exchange ever again. Yes, your PURCHASE made an impact. You holding it does nothing. > For me, it helps provide a benchmark for the long term potential value of bitcoin. If bitcoin replicates and improves upon most of the monetary properties of gold, then it's reasonable to calculate its long term potential value relative to gold's. Except you're not doing that because gold's value is NOT based on its supply. You are comparing apples to oranges. And this is based on an **entirely false notion** that Bitcoin is digital gold. It isn't. Just because you can HODL both Bitcoin and gold doesn't mean that's the source of their value. Demand for gold is driven by literal millennia of cultural baggage repeating the refrain that "Gold is valuable," and only a smidge about gold's usefulness as an industrial metal. The same is not at all true for Bitcoin, so why is that comparison valuable? You are literally just taking one number and comparing it to another number arbitrarily with no rationale behind why you are making the comparison.
2/3 multisig, my mobile has one signature, wife other. Also a Tails USB with all 3 signatures on encrypted persistent storage. And all 3 seeds on a piece of paper somewhere in my desk written "DO NOT TRASH" on it that I still need to find a safe way to store offline.
> It's not worthless because it incorporates total supply which is a metric that is often overlooked otherwise What makes market cap useful on its own? Obviously, it's a composite of price and supply. But why is that usefulf or cryptos? It isn't. Without information about liquidity, it fulfills no purpose other than to be another number on a page to feel good about when it's higher than yesterday, or to feel bad about when it's lower. > their aggregate market values can be compared to determine the relative value market participants place on each one. Why is that useful? Gold's value is not related to its "total supply." Its value is based on what's available on the open market. If fewer people are selling, its value goes up. If more people are selling, its per-oz value goes down. But the amount that's available on the open market is NOT the same as the total supply. The same is true for crypto.
do NOT enter crypto now, we are at ATH so wait until everybody is saying that crypto is dead.
There will come a time when Buttcoin shuts down. It’s like if there was a group against the internet in the 90s. Guess what? You can’t NOT use the internet in this day and age.
>Market cap exists to give you a snapshot valuation of the asset. Which is worthless for crypto, because there's no utility to knowing the valuation of an *entire* cryptocurrency. It's useful for stocks because it lets investors evaluate the purchase value of the company. It's NOT useful for cryptocurrency. "Market capitalization" is just a way for cryptobros to circlejerk around their favorite crypto. >You can then use that to determine current fair market value of said asset. For what purpose? None. > For example, anyone saying Shiba Inu will go to 10 dollars needs to look at what the market cap for that would be, which is an impossibly high number. Bad example, but you get the point. Again, for what purpose? Speculation? That's not utility or economic activity. Again, it's just a way for cryptobros to circlejerk around their favorite crypto. >However, it is absolutely useful for coins that have companies backing them or have actual products. Why? Just look at the market cap **of the companies**, not of the crypto they invented. >>“You KNOW that if anyone tries to sell even 0.1% of Bitcoin, the "market cap" of Bitcoin will be plummet.” >This is not even remotely true and very poorly worded. It's 100% true. 0.1% of Bitcoin is 198,000 BTC. If someone immediate puts a "market sell" for 198,000 BTC, how deep do you think the order books *currently* are?
Sure just DO NOT store your recovery phrase anywhere digitally. On physical paper or metal only. Never take a photo of it.
lol at this comment: "Break up with him, do NOT give him money!"
? I am not saying banks will be setting fees on the BTC network. I am saying banks will be holding peoples keys for them and offering them CBDCs which they will adopt. And just like Visa/MC/Discover/Amex and a bunch of other payment networks they will establish those. They will control more than fees there. And since they HAVE people’s btc in THIER custody, they absolutely can control when where and how you access the btc held by their exchange. But ok 👌 let’s go with I’m completely ignorant. It doesn’t change the question. 🙋♂️ My understanding is that at least one of the core missions of btc was to remove any middle men, go between, or limitations as to when where and how I transfer my asset to someone else. Trustless networks. The phrase Not Your Keys 🔑, Not your Cheese 🧀! Exists BTC believers will strongly advise that you not only NOT keep BTC on a CEX but to even go a step further and use a Cold vs Hot Wallet. I would go even further and recommend a MultiSig. Banks hated BTC/crypto, thought it was a fad, but crypto didn’t go away, and since they couldn’t destroy or outlast it, they are now adopting it. So in my mind, the utopia that was created to get away from the devil just let the devil in to enjoy the utopia
It’s bc it’s all based on hopium and recent adopters. This time will NOT be different. IMHO ofc
Remember! Byc is NOT going up. Your FIAT IS BECOMING WORTHLESS it's why food prices have tripled in 18 months. Along with most everything else.
This implies that no matter how much someone pays for x, that is what x is worth at that moment. I maintain that this statement is false: people over pay, or pay an inflated value for something all of the time, based on bad information, or bad judgement. Judging the value of something based on what people are willing to pay at a given moment is one way to judge the value of it, but it is also true that people and thus markets are NOT always rational. Some markets, like say real estate are fear driven. They are driven by fear of missing out on the way up; equally they are driven by fear of catching a falling knife on the way down. At the extreme peak or trough of the market if we judge the value of the real estate based on what other people are willing to pay, we are in my opinion making a mistake of judgement. We should not use just this one metric to determine the value of anything.
IDK. It strains power supply and the hype has resulted in a lot of bad actors scamming people out of their entire life savings, and it is gone forever. Many of the scammers are massive crime rings who are involved in sex trafficking and horrific crimes against humanity to keep them going. Sorry we aren’t cheering you on while families have gotten destroyed over this. I know … DYOR. It’s sad that instead of improving the quality of life for many, the shitcoin value went up while there’s a lunatic criminal getting rich off meme coins and deregulating everything. Says a lot of disappointing things about the progress of humanity. That y’all “stacked” and lucked out because of orange potato, who is ruining the lives of people all over the world is not a happy fairytale. I’m glad someone can finally afford a home, though! My dad had to sell his home because he got so horribly conned and scammed. He’s 79. The FBI / SEC / Whoever are so overloaded with scam reports on crypto they cannot ecen take them on. The history of cryptocurrency is so riddled with crime and scams that y’all just have blood on your hands. But if that’s the world you wanna live in, fine, but for fuck’s sake, have a little empathy and open mindedness that crypto is not and SHOULD ABSOLUTELY NOT be the be all end all path to prosperity. So maybe quit gloating about the fact that you lucked out for once on your risk. Because you sure as shit didn’t contribute a goddamn thing that’s worth anything to society as a whole.
no, selling calls against IBIT will NOT make you a shit-ton of money (from your original post). It will only potentially profit what the premium of the contract is. what you're saying doesn't make sense.
Ask yourself, is it too late to plant a tree? We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
ITS NOT EVEN USEFUL HE DIDNT NAME IT Wow, truly braindead stuff happening in this sub holy
Incorrect. I remember reading about block chain technology in cnet, like the print magazine. I've traded and mined it. It's NOT going to last forever, it's just not. Like many others, if I hadn't sold and bought it so many times I'd be obscenely wealthy, but I did. Now I'm up pretty well though, not retirement yet, but hopefully Bitcoin has another rally or two left. But block chain technology isn't all that complicated. The decentralized nature of it makes it resilient for sure, but not invincible. Best case scenario it matures and mostly stops fluctuating, more likely computer technology catches up and kills it completely.
do NOT rely on chatgpt for info on safeguarding btc. smh
It seems the most difficult thing is to just buy and forget. When I took paragliding lessons, learning NOT to overcontrol the wing was an important part.
Open international online bank, like Revolut - transfer cash to Revolut (since the account is in your name, I don't think they have any rights to stop you) and buy with Revolut card. Don't store BTC on revolut - NOT YOUR KEYS NOT YOUR WALLET
In every bull run there’s one This time it’s *NOT* different, just wait for it
Exactly. Idk what that guys talking about. $300K as a beat cop? Even with overtime that is NOT happening.
>When should I buy? If you have zero bitcoin, buy some now. Use the rest of your money for buying more as time goes. Dca is the name of the game. We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
There is almost no retail in this run. This institutional money is NOT rotating into alts. If retail starts fomoing into btc, that's when you see alts eventually go up. This is the time when alts starts being irrelevant like they should be.
Doge is a shitcoin, Cardano is a full featured formally proven blockchain and environment, with secure smart contracts, first class citizen Tokens (they are NOT smart contract, this is a feature), low fees, predictable transactions, full Defi applications (lending, borrowing, dex aggregators, pools, farming, perps, etc.). Full parallelization of protocol is coming with leios. Direct bridging with BTC is coming also, prototypes are working. This is direct because both BTC and Cardano use UTXO system for handling wallet contents. Cardano has never been down for years. Even hard forks do not need to have the chain stopped. All the design is so clever and refined. DYOR. Heavy giant improving slowly but firmly.
Actually, its NOT your money, but it should be, which is why BitCoin exists. But yea, semantics.. Happy stacking! (:
WE MEAN HE’S NOT LEAVING THIS YEAR LOL We already know his term is done next year.
Get Revolut and buy through them - but use them as the bank account, do NOT use their crypto wallets and service
Reward for years of buying bitcoin pre 80k. That was just 4 months ago! And then pre 2025 back to most dates in past. THIS IS NOT THE TIME TO BUY, BUT BRAG, BE PATIENT, SELL SOME PROFITS. We all know this is what this does and always has a crash b4 doing this again. Never sell all.... with btc almost all mined, who knows what will happen. Fomo- any idiot starting to buy now! Idiot- any one starting to buy now!
Normal people hear this but don’t HEAR it. Yet they also don’t know how to argue against it. The mental block in the majority of people is staggering. Bitcoin is NOT an investment. There are no gains to realize. It is what you hold. You spend it when you need something. You don’t sell it arbitraily to, as Saylor says, “buy the losers.” If you told someone, “I’m never selling Apple” they wouldn’t blink twice. Why is it so hard to grasp there’s nothing to sell bitcoin for.
Stupid question. Learn how to be patient or HFSP. I don’t know any you’re itching to do something with your Bitcoin when Bitcoin gives you freedom to NOT have to do anything. I hate retail because y’all always act against your own best interests. Get a hobby if you have free time on your hands smh🤦🏾♂️
Len was involved for sure. He was the only visitor my neighbour had over the 9 months or so I knew him. He was the Satoshi we all refer too but he might have had control of the Satoshi accounts at some points. Len was NOT Satoshi.
good boy, keep holding next year may drop, DO NOT panic sell. just buy more 😊
Sending & Trading the Btc will end up costing you as much as it would to rebuy most the same amount. Just keep it as is for that reason and yes buy some XRP. The Btc maximalists are drooling their cottage cheese brains out of their mouths. Don’t mind those negative Nancies. The main reason to NOT USE a wallet owned by someone else (friend or not) is that you don’t know how well they protected the seed phrase (it could be compromised).
Put in USDC on Coinbase and get around 4.6% then use it to buy BTC when it’s NOT at all time highs!
Side note: DO NOT PUT ANY OF YOUR OWN CRYPTO IN THAT WALLET. If you do, your so-called friend can run away with your crypto.
get ur own hardware wallet. on binance THATS NOT YOUR BTC
total scam. Deposited $200, bought a contract, withdrawal on that worked just fine. Added some more, bought some additional contracts - fine print of needing to buy 3, had to deposit more, lost it all. DO NOT USE THIS SERVICE, FUNDS ARE GONE.
Ethereum has more transactions per second yes, but it does NOT have more nodes. A simple google search will tell you that. Google "ethereum vs bitcoin nodes count" Where are you getting these numbers? [https://bitnodes.io/](https://bitnodes.io/) [https://ethernodes.org/](https://ethernodes.org/) Having more nodes by definition makes it more decentralized, and you dont think there are warehouses mining ethereum as well? Either way that does not determine the decentralization, the nodes do. And dont even get me started on proof of stake vs proof of work because they are NOT the same.
Also depends on what you sold it for. If you’re a renter and use it for a down payment or house purchase, then it’s a good idea because you’re going from rent to purchase, and we cannot live inside of a Bitcoin yet. If it’s liquor, drugs, and fast women or some way to squander it, and you’re NOT going to hospice, then yeah I would feel bad too. If you are going to hospice then absolutely have a bit of fun before the big lights out.
I don't know what you're looking at but gold price is normally measured in ounces. At 3.3k USD multiplied by the total circulating supply it's around 23T. https://companiesmarketcap.com/gold/marketcap/ Most important to keep in mind is that market cap does NOT reflect the total amount of money absorbed by the asset. It simply takes the last price paid into account.
This guy's Satoshied. Bravo. This exactly, because, at the end of the day, DCAing profits is NOT a bad thing if you use the fiat immediately for life projects. For example, I just sold 10k at 114kBTC. I didn't hit the top, but I don't care, because I made a 110% profit. I'm happy with that. When we get below 100k I'll start DCAing in again.
I dont really understand the sarcasm, i was agreeing it isnt a funny situation. If you havent noticed all of us here have been right. Bitcoin has and will continue to be the best long term store of value for the forseeable future. Its reckless and putting your family at risk to NOT own Bitcoin at this point, something the likes of Blackrock, Fidelity, and other asset managers have been saying for months now.
it comes from a desire to help people imo. Also, 'if they want to listen' is the crucial part, and 99.99% do NOT want to talk about it at all, but they will CONSTANTLY complain about inflation, prices, etc etc.
11! or 12! permutations depending on your confidence level about that last word. 11! = 39916800 permutations 12! = 479001600 permutations This is searchable with modest compute resources in reasonable time. Assuming about 10ms / key generation and check 12! tests would take a couple of months to a couple of days depending on compute resources available. Knowing the public key is optional and probably wouldn't greatly impact the time. \*\*DO NOT SHARE YOUR 12 WORDS\*\* The wallet would be emptied in hours.
Ethereum does NOT have the same scarcity of Bitcoin, it simply cannot without a fixed supply. Saying ethereum has the same properties as Bitcoin is just objectively untrue
Me: Everytime you fall down, you have to learn how to pick yourself up and start again. Cop: That's NOT how this sobriety test works! LOL
You’re basically saying BTC will be worth 10X the size of Google in 5/10 yrs…NOT impossible but highly unlikely.
It's risky NOT to have Bitcoin. It's okay to trade Bitcoin for things, but don't HOLD Fiat. hOLD Bitcoin, spend Fiat. Fear is a powerful emotion, I wouldn't act on it and let it control you though
Go to another exchange. Buy some BTC. Whatever you do, DO NOT move it to cold storage. Leave it on the exchange and trust them. It will be ok. Rinse and repeat. But NEVER move your bitcoin to cold storage, that should do it.
>I recently got into Bitcoin via IBIT a couple of weeks ago. That's a paper bitcoin, not the real thing. If something really bad happens, you might never see your money again. If you hold bitcoin in your own wallet, move to another country, access your bitcoin with easy. >Ive been doing a real crash course in learning about this asset and I'm sold. Keep up with the learning, you're just at the beginning. >I can't shake the feeling that I should own more. That's FOMO talking. Sit down, take a few breaths. >I was wondering what you folks think about this. DCA with your income, no taxes. Are you FOMOing really hard? Can you borrow against the other assets? In that case, you'll avoid taxes. Will it be worth the effort? I have no idea. Playing leverage isn't my thing. Anyway, welcome abroad. We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
Dont do this. It is not a sure thing. Like any investment. If you are going to mine, get the equipment and do it yoruself. But mining can take time to see a return, there's setup and configuration, you want to tweak each one for maximum output, your electricity costs, etc. Since you nor he has ever mined, DO NOT DO THIS. Either buy 20k in BTC or talk to a financial advisor and invest in stocks/bonds.
Asking very basic "What, how, and why" questions means you're already too smart for cryptocurrency. But, apparently, it'll replace currency, and it'll go up infinitely in value, and if it goes down, that's only to let people buy the dip and then sell it for high again. I guess "when" it replaces currency, it'll just be valued in itself... somehow. If that doesn't make sense to you, like I said, you're already too smart for cryptocurrency. This is NOT the kind of investment for people who question what they're buying, it's meant for people who are easily sucked in by nonsense technobabble and can very easily have their own dreams sold back to them. People who have no idea what "Too good to be true" actually means.
They are "SCAMMERS" They are giving away prize(money, level) by leaving "good review" on trustpilot, twitter, and reddit under name "Moon Missons" on their own discord server. Of course trustpilot does NOT allow these kind of stuffs. They will lock your account after about 1\~2 months when you deposit a lot more than $1k. How do I sure about it? Yeah, my account was locked. They're saying I was suspicious, requiring kyc verification. After providing valid passport and my selfie, they did not reply me back. Thanks for reading till here.
dudddde you are FINE. Eth will melt faces, guaranateed. all your coins are good ones, hodl but when they pump Hard SELL. Do NOT hold into the bear market.
>trying to learn This sub is perfect for that, r/BitcoinBeginners too. >become a trader You will lose money gambling, mate. >also looking for a discord community There's a high chance you'll get scammed. The smaller community, the worse it gets. Avoid. >New to crypto. We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
Here’s the raw guts for you (take it or leave it): as you begin your journey remember these 3 key points: 1. ALL crypto coins are a gamble (although some are better than others**). The only people winning are the ones who are scamming the rest of us. People will tell you that they know a sure bet - but it’s always a gamble. 2. ALL markets a random. Sure, you can do your due diligence and improve the odds, but no matter what you can’t predict a market (unless you ate cheating). So, only ever put in what you can afford to lose. You WILL eventually lose. And until you know what that is like DO NOT leverage! 3. I guarantee that those who don’t wish to share their knowledge are either doing something illegal, or they are LOSING. ** Bitcoin is your safest bet.
Coinbase is good, keep it. Don't buy random shit you see on the internet, I can't stress this enough, DO NOT BUY RANDOM SHIT. Buy Bitcoin and leave it.
Sell any other Alts.. BUT NOT BTC!
All I'm "seeing" right now is ATH after ATH, something Cowen most definitely did NOT predict for July.
I’m assuming you’re a bot. But if you’re a real person, do NOT start trading under any circumstances until you can answer that question thoroughly by yourself.
Honestly, I think you need to DCA. As others have said, do NOT try to time the market. It sounds like FOMO (emotion) is coming into this decision, you need to try and think clearly about this. Here is what I would do: 1. Get the amount you’re comfortable investing 2. Depending on the amount, divide it by a number (e.g. $1000/10 = $100) 3. Invest that amount on a scheduled frequency (e.g. 1 x per week) 4. Continue to DCA in the future if more funds are available to you.
Here's a better tip. Find a nice clean number in your budget. For me, that was $10,000. Put that in bitcoin (NOT shitcoins), encryped USB, vacuum sealed, buried, and don't touch it again. Start from ground zero. From now on, you spend money you earn, and what's left over you invest in stocks and bonds. Pretend like it disappeared forever like you paid for your kid's college and leave it be. Revisit in 10 years.
First step is to NOT use wealth simple. If you're a noob. Just store your crypto on the exchanges Coinbase or kraken
U should buy with money you are comfortable losing. And definitely NOT borrow money. Only times i've lost money is when i use leverage and end up selling. If u want to earn money on btc, buy, and dont sell. That's it. You can try dca since it's literally breaking all time highs today. But just so u know, when u buy, it's gonna go down.
>How does bitcoin even work https://bitcoin.org/en/bitcoin-paper >how does the average person get wealthy using bitcoin? When they HODL for a really long time. >Whats the ammount you would have to buy? It depends on your circumstances. >Im new to this so go easy on me We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
Do it! Do it! Do it! You'll only regret NOT doing it
Had to check it, but the white paper still says: Bitcoin: A Peer-to-Peer Electronic Cash System And NOT: Bitcoin: A Get Wealty System
Same with Bitcoin. Plus XRP was under a lawsuit..it's NOT the same in 2025 as 2021. Why do you lie? All cryptos including Bitcoin collapses after a bull cycle. When XRP dropped to 20 cents Bitcoin dropped to 14k from 69k. Your just blind looking at ONLY Bitcoin.. Everything corrects. XRP lawsuit was suppressing it for 4 years. And if you invested in XRP 10 years ago with $1k you'd have 400k. Fact check all of what I said I DARE you. But you won't you'd rather spread lies.
Speculation is when price is driven by "belief" without underlying usage. That’s Bitcoin. It’s held, hoarded, and rarely moved it does "nothing" but sit in cold storage. Even Satoshi envisioned it as peer-to-peer cash, but it failed that use case. It’s now just digital gold and purely speculative by nature. XRP, on the other hand, is already being used today by institutions like SBI Remit, Tranglo, and Coins.ph. It’s the native gas token of the XRP Ledger. Every transaction, smart contract, token issuance, and payment runs on it. That’s not speculation that’s utility. The reason XRP has value is because it enables real-time, cross-border settlements for a fraction of a penny, with no middlemen. That demand is growing. Japan to Philippines, to the UK to Thailand, UAE, India, etc. Live corridors using XRP for settlement, not speculation. So no, I’m not pretending. I’m stating a fact. XRP is one of the only cryptos with a clear, defined utility baked into the protocol. You can speculate on memes. I’ll take the asset that fuels actual finance. Now this is VERY important what I'm about to say..I myself was an original Bitcoin miner. I'm talking about mining it on a Compaq desktop at pennies on the dollar. Satoshi introduced it to us on message boards to promote Bitcoin People weren't into it only others like myself who experienced first hand the effect of the housing market crash in 2008. Satoshi used to say CLEARLY Bitcoin will be dead if it doesn't stick to it's "core" principals which you guys ruined. I was all for Bitcoin far longer than YOU now picking up on it AFTER it's been compromised and no longer holds to its true nature. Satoshi express concerns about how the network would evolve, especially if users misunderstood the purpose, or if centralization, regulation, or trust in third parties crept back in. And that's why Bitcoin is NOT Bitcoin today.. because centralization, regulation, trust in 3rd parties took it over. Bitcoin IS institutions, and literally 12 wallets controll all BITCOIN. Bitcoin IS the 1%er elites asset. Not for us. Satoshi straight up said he believed that Bitcoin could eventually compete with Visa scale volume but Bitcoin core developers later rejected this vision, opting for limited block size and off-chain scaling (e.g., Lightning) something Satoshi never explicitly endorsed. Satoshi knew Bitcoin wouldn’t scale to Visa levels without changes as he stated below: “Visa handles 100 million transactions per day... Bitcoin can never scale to that level in its current form.” And you guys f**ked it up 😂 You DESTROYED what he wanted.. Bitcoin is the elites store of value it's not a "people" currently it's owned by the "elites" that Satoshi was against. Bitcoin vision died out its congested, slow, and relies on centralized Lightning hubs just to function. Meanwhile, XRP settles in 3 seconds, handles 1,500+ TPS, and is already being used by banks. Looks like XRP is closer to Satoshi’s dream than BTC is now.
Guys, guys, I hate to say it, but strictly speaking this is NOT a new ATH. The USD has lost so much value in 2025 that the first ATH of 108,800 in January equals $120k now.
You are NOT remembering a 24 word seed phrase, just make it 12 words or something
The point of hardware is to avoid giving your keys to some online connected app. Hijacked phone wallet can steal it all before op can send it to exchange. Do NOT restore hardware wallet's seed words in software wallets. It defeats the purpose of the hardware and keeping keys from leaking and BTC getting stolen. You deserved the downvote for recommending an insecure step.
These kinds of statements are beyond ridiculous - and I say this as someone both hoping and believing that residential RE will continue to decline in value. Most people didn’t spend x dollars on BTC y years ago NOT because they figured “I’d rather have this house/car/groceries/latte/cash than multiply my wealth several/many times over within y years” but because nobody could have predicted the future price trajectory of BTC. Guess what - nearly ANYONE could have bought MUCH more BTC than they did whenever the possibility first occurred to them and nearly ALL of those people would be MUCH richer today had they done so.
We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.