NOT

jojothehodler

Quantum solutions already exists, problem is there are a lot of them. Consensus is being discussed to select "the one". And this is not a BTC consensus, it is a world wide cryptography consensus. No need to worry, we do really have. A lot of time before it becomes a problem, do NOT listen to the headlines of crap newspapers, they really don't know what they are talking about.

Porcellanidae

Yep, And your coins are NOT inside the pen drive  They exist on the blockchain only.  The pen drive is just a device that can sign PSBT's via your unique code which is inside your seedphrase.  If you ledger dies or get lost, you can recover your Bitcoin by putting these words into any other hardware or software wallet  Remember that when you type these in your computer or phone, that you exposed your unique code to the internet. Which is a massive security risk. Never enter your code into a device which can connect to internet. 

TheresNoSecondBest

>I invested in Russian stocks before and it did not go well… then I invested in Chinese stocks and it plummeted… then I invested in Japanese telecoms and it stayed flat for yrs Please, don't confuse random stocks with Bitcoin, the most decentralized monetary network in the world. Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding 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. DCA is probably the best approach. Once a week works best for me, but I'm getting paid weekly. This [DCA calculator](https://21vox.com/dca-calculator) 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/app/](https://blockstream.com/app/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. **Lightning wallets** to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. If you can afford it, opt for Safe 7 (air-gapped) and 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). Sadly, this device is not air-gapped. [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, making is an expensive hot wallet. The opposite of what you want from a cold wallet. **Stay away**, save yourself a headache in the future. The same goes for many other hardware wallets that are too new or filled with too much of unnecessary shitcoin code. Stay away. 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.

inb7_banned

It depends where you live I like relai a bull bitcoin And yes you should get an hardware wallet. Do NOT leave it on an exchange or your phone/pc

ElderMight

This is a terrible aphorism to tell newcomers because it frames bitcoin as a risky gamble. The correct aphorism is only invest what you are NOT willing to lose to inflation. 21 million supply cap, known and predictable supply issuance, and most secure computer network in the world... it's the safest place to store your money and protect purchasing power.

Jenn2895

Do NOT respond to DMs. You’re a scammers wet dream! Always keep all convos about crypto & finances public.

Jayfree138

That's what i did about 10 years ago except the loan part. The only thing i regret is NOT taking out a loan 🤷. It's funny, when you do that you have people making fun of you for it for a few years then when it pays off they say you're lucky and privileged and it's an irrational bubble. It definitely works as long as you don't sell in crypto winter or use leverage and get liquidated. You have to have the attitude that you're better than the market and just laugh at it when it's red and buy more.

AccordingFloor7010

Ok my bad.  Not 99% of everyone.  Just 99% of everyone who has a job, obeys the law, and pays taxes, and who's NOT a terrorist,  violent criminal,  fraudster, hoaxer, and / or societal leeech, sucking on the government/ mil-ind complex teat.

inb7_banned

Where do y'all even find these shitty wallets? There are so many good trusted wallets. If its not open source DO NOT USE If you dont get the seed DO NO FUCKING USE The you need to kyc now suddenly thing is a classic tactic of scammers. (Aka shotgun kyc) Next they will want some other document to further string you along. I wish you luck hopefully you can get your money back

AccordingFloor7010

Lmao.   Lies (it's NOT "money" or a "store of value"), and zero mentions of the words: rat poison squared, scam, ponzi, house of cards, fraud, pyramid scheme, zero use case, fool's gold, greater fool theory, useless crap with no intrinsic value, quantum computing code-breaking threat, backed by nothing, the fact that many competitor coins have a supetior feature set, or any other of the most important truths about it. 

f2pool-CSR3

Best chance ever, but DO NOT ALL IN, DO DCA, no one can buy the bottom.

omg_its_dan

In 5-10 years people will regret NOT buying at $109k…

tragic_romance

Been in crypto for a long time, and people are saying all the same dumb stuff now as they did 10 years ago. About bitcoin dying or mooning. My thoughts: 1. The 4-year cycle isn't guaranteed. But until it breaks, it's more likely than not. 2. Bitcoin usually goes lower in a bear market than people expect. In 2022, people thought it would bottom at $30K or "surely" $20K. Then it hit around $15K. 3. Bitcoin usually does NOT hit the highs that people expect. 2017 blew us all out of the water. And like a drug addict, people have been chasing that amazing initial high ever since. 4. Do the math on how high bitcoin would have to go, to make a meaningful difference in your life (based on how much you actually have invested). 5. After all these years, bitcoin is STILL just a speculative a̶s̶s̶e̶t̶ idea. Its price is because of speculators, not because it's being used as money. My educated guess, based on years of learning and paying attention to this stuff: Low this year (2026) will be $20K-50K. High in 2029 will be $180K-250K. And like everyone else you hear, I'm probably wrong.

usmcnick0311Sgt

I'm trying very hard to NOT cash any out. It's fucking hard

nullc

That is absolutely bullshit response. Feel free to substitute the words in my post when you read it-- it's not ike we're suddenly taking about loans, in this case the terms are interchangeable. Did I need to allcaps it for your brainwashed 110 slop addled brain? I DO NOT LIKE OR ENDORSE NFT CRAP.

Itchy-Insurance2834

Breaking news: DO NOT USE oilmeup.scam.com looks like a scam website 

TheresNoSecondBest

OP was claiming Bitcoin blockchain is "a free cloud storage", something the bip110 leaders keep repeating. It obviously isn't true and I've pointed that out. You agreed and followed with your point, saying it's ridiculously cheap. You also introduced a picture of a cat and Dropbox as an example: "You can’t store anything in the blockchain “for free”, you have to pay to put data on the blockchain, financial or otherwise. But the amount you have to pay for the right to store arbitrary data is so ridiculously cheap compared to an equivalent cloud storage provider, and it’s a one time fee compared to an ongoing subscription. If I want to store a picture of a cat on Dropbox, I have to pay them for that right and pay them continuously." So I said: "Dropbox is giving free accounts, no need to pay for storing "a picture of a cat" at all." You, claiming the free storage is only for certain people and moving the goalpost from a picture of a cat to a meaningful amount of data: "Citing the fact that Dropbox gives various free tiers for certain people under certain conditions doesn’t really address the point: when you start storing a meaningful amount of data" So I went to Dropbox website to find about the certain people and found out it's free to anyone with an internet connection. "They're giving 2GB of free storage to anyone with an e-mail." Also went with your meaningful data example: "What's meaningful? Over 2GB? How much it would cost to put over 2GB of data into Bitcoin blockchain? Would that be free? Of course not. Would it cost a "trivial amount"? Of course not. Not just that, it would take over 10 years of full bitcoin blocks to "upload" this meaningful data." Your reaction: "Are you intentionally pulling out distractions here?" You are introducing the distractions, mate. Going from a minimum amount of data to the max. In NONE of your examples, **storing anything on the Bitcoin blockchain isn't cheaper.** I thought that was the point of the discussion. Perhaps your point is elsewhere and I've missed it because I got distracted with bad examples **introduced by you**. >The fact that they allot some free allowance to entice customers into their service is both incidental to Dropbox specifically (everyone gives a different amount of free storage) and irrelevant because it’s not *unlimited* free storage. Explain how Bitcoin is "*unlimited* free storage"? Because you went from a single picture of a cat to meaningful amount of data to unlimited free storage. Or we don't compare the storage capacity and are comparing unlimited storage to a **VERY LIMITED AND NOT FREE STORAGE** that Bitcoin blockchain is. >This is what I think the 110 crowd is getting frustrated with, you aren’t engaging with the point. What exactly is your/their point, mate? Your examples are getting ridiculous and I'm getting lost. I thought the point was, they don't want Bitcoin to be " a free cloud storage ". It isn't. I thought your point was you can store a picture of a cat cheaper on Bitcoin than on Dropbox or similar storage. You can't. I thought your point was you can store a meaningful amount of data cheaper on Bitcoin than on Dropbox or similar storage. You can't. Now I'm thinking your point is you can store unlimited data cheaper on Bitcoin than on Dropbox or similar storage. You can't. >Cloud storage providers are not free Sorry, but they are. They certainly are a CHEAPER option than Bitcoin. Do you seriously think otherwise? >the free tier is a complete cop out of this fact. You do know that Bitcoin doesn't offer a free tier at all, right? That really is a fact. Not claiming something that isn't true at all.

counterboy12

More people abandoning sol chain is NOT a good sign

Todo_es

Are taken down because everything regarding pro-BIP110 has been thoroughly debunked many times. In short: It is well known by now that BIP110 is NOT good for Bitcoin and that Core devs were right to oppose it (as well as miners, nodes and bitcoin users in general).

mattimeoo

Whatever you do, do NOT trade with anyone here period. You WILL be scammed.  

statoshi

You asked: > What’s some reliable ways to know what’s gonna happen in the medium term This is literally asking people how to predict the future. If that's NOT what you were trying to ask, then you really ought to rephrase the question.

Objective_Young_1384

ABSOLUTELY NOT, hahaha, I'll be back here in 10 years, if I'm still alive

ZUU_Music

A lesson for everyone. DO NOT DIAMOND HANDS!

counterboy12

Look out for multi node chains that are scalable. Do NOT invest in monolithic chains that you have named. These are slow and most of them suffer from outages

Volgrand

Because it is a terrible idea and the perfect way of losing all your money, you idiot! If you don't know how something works, do NOT put your money on it!

TheresNoSecondBest

Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding 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. DCA is probably the best approach. Once a week works best for me, but I'm getting paid weekly. This [DCA calculator](https://21vox.com/dca-calculator) 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/app/](https://blockstream.com/app/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. **Lightning wallets** to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. If you can afford it, opt for Safe 7 (air-gapped) and 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). Sadly, this device is not air-gapped. [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, making is an expensive hot wallet. The opposite of what you want from a cold wallet. **Stay away**, save yourself a headache in the future. The same goes for many other hardware wallets that are too new or filled with too much of unnecessary shitcoin code. Stay away. 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.

CompetitionDouble420

You MUST DYOR first to understand Bitcoin - what it TRULY is, how it TRULY works - before deciding if it's the right investment for you. It's still in its toddler years in terms of maturity; it can be extremely volatile and super risky. Do not enter unless this is at least a decade-long play for you. That said, if you do all this and decide you are still interested in deploying capital in BTC, THEN begin to research self-custody (using a cold wallet to authorize transactions). Get yourself a cold wallet, like Ledger or Trezor products (from their official web sites, DO NOT USE GOOGLE SPONSORED ADS); I can't speak for Trezor, but Ledger wallets have a companion desktop app you can use to purchase cryptocurrencies directly.

EnderSword

No, that's just not true. DCA is Dollar Cost Averaging, It must be you INTENTIONALLY choosing a strategy where you are not buying at one time for the specific purpose of 'diversifying' your purchase prices and changing your Average cost basis. Just buying over a period of time as you acquire money is NOT doing DCA. The Intent is what matters, the attempt to do it as a deliberate strategy to average out your cost basis. Just a scheduled investment plan is not 'DCA', that's just lump sum buying in intervals. DCA by necessity must have to believe you are changing your average cost basis by design as a deliberate strategy to buy more when the market declines and less when it rises. Like, why do you think it's called that if that's not the main thing about it?

so7ow

I see your reply in email but not here. Do NOT put your seed phrase into that website or ANY website. It'll drain your wallet. Ignore all DMs. All scammers.

krtyalor865

Quick question from an outsider looking in… I’m a skeptic but still follow crypto, mainly through this sub, just to see what I’m missing out on. and here again I see another person loosing real actual money by investing in this non fiat digital currency, and it’s stories like these that make me shake my head.. The real kicker is.. you all’s response is that it’s (check notes) the USERS fault for having “a lack of basic security” - to blame for WHY he got hacked! This is wild. It’s almost like the gaslighting of a sex crime victim or something.. because using that logic, for ex., a rape victim would be to blame for “a basic lack of security, or a little old lady who gets mugged after withdrawing money from the ATM is at fault for not having better protection against thieves, is that right? Am i the only one who thinks this is an absolutely upside down argument? And if it’s in fact NOT the OPs fault per se, but a vulnerability that OP didn’t address, how is this whole story supposed to make ANYONE like myself feel better about crypto adoption in financial decision making? Not trying to stir the pot but I’m genuinely curious how outsiders are supposed to just give in and start buying, when every day there are examples of people getting completely robbed of their money?

Robosnails

Your story is sadly the most common for a new Bitcoiner. They are drawn in by the hype of a new all time high and the communities promises that you will 100x your money. You then spend money you cant afford to lose on bitcoin while its at the 4 year cycle peak histeria. Then it all comes crashing down and you wonder how others could possibly endure the emotional roller coaster. The secret is, we dont! Smart money has a plan and strictly follows the 4 year cycle and DCA buy / sell at the same high and low windows that have been repeating consistently since bitcoins creation. Retail money also buys and sells during the 4 year cycle but they buy and sell based entirely on emotion. If price goes up they get excited and buy, if price goes down they panic and sell. Bitcoin returns are nothing close to what the OG HODLERs experienced, so what they preach is(at least at the moment) pretty shitty advice compared to other investment strategies. While BTC gains have significant dimishing returns every new cylce, the gains from peak to trough are still massive. Despite what the financially illiterate claim, you absolutely can time the market, but it does require that you ignore the noise and remain disciplined. Follow the metrics and NOT the influncers claiming its going to zero or 1,000,000 this time for realz trust me bro!

EnderSword

It has to be an intentionally broken up amount on a fixed time specifically for the purpose of trying to diversify your cost base. So what this person is describing is NOT DCA'ing. Just investing as you get paid on a set period is a systematic implementation plan, or a recurring investment plan or whatever is not DCA itself. Basically all DCA is a SIP, but not all SIP is a DCA. The entire point is this idea of 'Cost Averaging' myth, that it's somehow beneficial. That's totally false obviously. If you're not doing it for the purpose of this 'averaging' nonsense, then it's not DCAing

EnderSword

That's not what DCAing is. DCA is intentionally taking a Lump Sum and not buying it all at once. This guy specifically says he's buying as soon as he gets money to buy, he's not saying its on any fixed time, not is he saying its the same amount of money, that's not DCA. Just buying when you get paid is NOT 'DCA'

AstroRoverToday

You should NOT buy anything, neither bitcoin, nor a cold storage wallet, until you spend the time to understand the accountability that comes with self-custody. If you don't "invest in yourself" for this critically important phase of your journey, you will regret it when you fall victim to all sorts of scams that prey on uneducated victims. I spent 3 months educating myself and now am secure in knowing what to do, what not to do, and knowing my heirs can access my bitcoin if I were to die.

BrokenHefaistos

Unleaching goverment payed hackers is NOT the way 😂

monerobull

Nobody is selling logs that actually contain wallets with anything in them lmao If you're already going through the trouble to distribute malware, you will NOT risk missing a seedphrase with potentially millions in it, scanning wallets for funds is the easiest part of the whole thing

LibertyWithLiquidity

If BTC matches the Mag 7 in market cap, we'd be sitting at $1.1M a coin. And that's only Mag 7, no other stocks, no real estate, no bond market, no gold... You are NOT bullish enough! 🍊📈

Mental_Scientist_926

I WAS THERE, JAN 2009 , I WAS 5 DAYS LATE , BECAUSE I WAS TO HUNG OVER, SICK FROM NEW YEARS, TO START MINING. I IGNORED SATOSHI. I WAS PISSED OFF ABOUT NOT STARTING WHEN PLANNED Nov 8, 2008, then Dec 10 2008, Jan 3 2009 was not a good time to start . So I waited till following Friday.. Jan 9 2009, I mined block 1.

HedgehogGlad9505

I did not say bankers are complicit. All financial institutions, banks, brokers, crypto exchanges are legally obligated to report your name, id and asset to the authority for tax purpose. What I'm saying is the reports are also something the corrupted tax officials can see. The same kind of person like the one in jail in OP's story. Or, are you saying the tax officials can NOT see how much you gain from ETN?

TheresNoSecondBest

Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding 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. DCA is probably the best approach. Once a week works best for me, but I'm getting paid weekly. This [DCA calculator](https://21vox.com/dca-calculator) 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/app/](https://blockstream.com/app/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. **Lightning wallets** to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. If you can afford it, opt for Safe 7 (air-gapped) and 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). Sadly, this device is not air-gapped. [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, making is an expensive hot wallet. The opposite of what you want from a cold wallet. **Stay away**, save yourself a headache in the future. The same goes for many other hardware wallets that are too new or filled with too much of unnecessary shitcoin code. Stay away. 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.

country-sidepatriot

You're so fucking sure of yourself yet YOURE clearly NOT a "whale holder" through your own investments or life choices. Say i did give all my ada away though. Why would it be to you? Someone who speaks to me and treats me like this.

CrypticUnit

Lol, only leave in custody what you want gone. So sorry. Everything I have in custody won’t hurt me. Less than $2K — stupid. But if I lose it, I WILL NOT COMPLAIN! The rest of my crypto, I control in my own wallets. These posts are good storytelling to stop this. And don’t do this again!

Hour_Flounder1405

I bought at 110 (after the all time high peaked at 125K). I sold at 98K (all of it). And measured in again at 58K. I don't own a crystal ball, but I know when my trade performance is screaming: "take action and stop being hard headed". So I listen to that ...it's not hard to know when your trades are horrible. You P/L record PROVES IT. but how do I KNOW when to get back in, when to get out? 200 MA MACD RSI sure those TA indicators can give you "SOME" insights. but they are NOT the predictors. For bitcoin, which is now a global asset, traded on every major classic trading exchange, and hedge funds and even with some nation state central banks trading it and buying it for a "reserve". It behaves now, quite correlated to the overall global market. In particular the tech sector, specifically NASDAQ. Bitcoin IS a tech "stock". It is also subject to the same drivers. interest rates, war and crisis, uncertainty, gold prices, nasdaq performance, S&P and DOW performance. So you have some correlations ..and of course, transparently you can actually see the ETF's failed miserably. That WAS TELLING. now there is more to this than even those fundamentals. specifically. THE POWER LAW. Look into this. I have. Albeit a little late to avoid making foolish trades I mentioned above. Here are the current figures. I'll start with the most important and immediate levels Lower Bounds (solid hard floor): 58700 (does this sound familiar? We just hit that and it went just slightly lower...a rounding error). That already happened. If you believe in the POWER LAW and understand how to calculate it, then we already had a floor for bitcoin. (but THIS ONLY APPLIES TO BITCOIN...don't even try that for etherium or any other coin. For etherium, use metcalfe's law...do the calculation but also understand that eth has broken down and violated metcalfe's law numerous times. However, BITCOIN has NEVER broken down and violated THE POWER LAW! It's not magic. it's just a very good way to measure price bounds for bitcoin. regression: this is 165,000. This is "fair value". This is where we are headed next. There is no frame of reference for time to hit this level. No one knows. But that is the current fair value regression. It will definitely mark AT LEAST that level in the next leg up. and the next level and understanding of the POWER LAW explains why Upper Bounds (cycle top, peak exuberance) - 582,000. This is the specific level of the next cycle all time high. Again, like regression level, there is no time specifics for this level to get hit. No one knows. But that is the cycle top. It will act as resistance. You will definitely want to take profit at or just below that level. notes: these figures are based on the ENTIRE data set of prices (absolute) for every single 10 second interval of bitcoin since the genesis block originated in a open public trading condition. These values DO CHANGE OVER TIME AS BITCOIN PRICES CHANGES AND MORE DATA POINTS ARE ESTABLISHED. also noting with emphasis: because we have hit the hard floor of support (lower bounds = approx 58,000), our next level IS regression (165K). When that level happens and it will, we recalculate THE POWER LAW including the new data points. And thus we will furnish a new set of LOWER, REGRESSION and Upper levels. But for now, we can depend on the levels here based on prior data. This has been incredibly accurate since the origination of the first genesis block was traded as bitcoin. It has never, not once violated the power law. (other crypto have failed miserably to follow any such power law with etherium only holding about a .58 correlation to metcalfe's law, proving there are no good mathematical formula or theories of past performance of ETH upon which to determine three dependable trading levels in the long term. (or the short, arguably). bitcoin is king for a reason. it's mature, limited in supply with only 1 more million to be mined between now and 2040 (approx). this feature makes is not only popular and understandable in terms of limited supply and comparison to a store of value (like gold), but mathematical formulas and theories such as THE POWER LAW prove that it conforms to a correlation of volatility that is dependable enough to be profitable for the long term trader. (not the short term day trader, no sir) You are welcome. Have a happy trading season and don't get greedy. It's not bitcoin that will punish greedy traders...it's market makers. Help them along by trading bitcoin with the POWER LAW and they look favorably on your participation. Go hog wild and fight against the trend...and you get rewarded with nuts in your face. God Bless America

dafenum

Did you just say you have it on a “password manager”? Never and I mean never digitalize your passphrase or seed. Do NOT take digital pictures, place it in your notes app, or even think about saving it on any device. It’s really not that hard to understand.

Quokky-Axolotl7388

What happens after depends on the amount but step 1 is to secure the amount on a newly bought from official website HW wallet. YOU DO NOT TOUCH ANYTHING UNTIL YOU HAVE SET UP THE HW WALLET AND MADE A FEW TEST TRANSACTIONS

moviemaker2

>safe and on my password manager. Holy shit, I missed this part. **DO NOT DO THIS!** Every reputable wallet instructs you not to do this upon setup. This is breaking the primary rule of self custody - your seed phrase never goes anywhere on an internet connected device except the wallet itself. This is one advantage of hardware wallets: they make it much harder to make idiotic mistakes like this.

moviemaker2

Assuming this is a genuine question, yes a cold wallet is better, obviously. That doesn't mean you can't have both. I keep a day-to-day amount in my phone wallet for quick transfers, but the bulk is on hardware wallets and spread across multiple exchanges. Someone stealing your phone is ***NOT*** the same risk to your BTC as to your bank account. If someone gains access to your bank account from your phone, it's nearly impossible for them to transfer funds without leaving a trace - and even if they could, the funds are recoverable because the bank is the ultimate custodian - the responsibility is on them. But if someone gains access to your wallet from your phone, those funds are gone. It doesn't really even matter if you can see what address they went to, you have no recourse. A phone wallet opens you up to other attack vectors. There was a post here the other day where a user copied their seed phrase from one wallet app to another. Both wallet apps were sandboxed - but the clipboard wasn't. All funds drained in the course of about a minute.

Lavayo

Speaking for me, but for many here the pure $ value is not the goal. Not primarily at least. It's about holding your own money, having some amount of sovereignty. And NOT storing your work / time value in an asset that debases over time. If this one day enables you to fulfill lifelong goals like a house, car, working less, traveling... Sure sell BTC as needed. Or lend against it. But for me there is no value BTC has to reach where I would say: "Has been a good investment, now I sell everything and buy X". I would never sell everything, even if I could buy everything of the above at the same time.

ARoundForEveryone

Hard to lose trust if it's blind trust. TRUST BONK. GO UP. MAKE BIG. NOT WORRY. OK, sir, I believe you!

CryptoHodlingMoron

Price only needs to rise $1000usd/day for the next 9 weeks or so to reach new ATH. YOU NOT BULLISH ENOUGH.

Venij

I don't know what you mean by "convenient metric". Isn't it just the most accurate assessment? It's published on the Strategy website and has been there for quite some time. Strategy has tried to give an opportunity to have a mixed risk/reward portfolio within their own product offering. Basically, betting a very large bank on "We and many investors know bitcoin will have >20% rate of return over the next 25 years. Not everyone can tolerate the volatility. Let's capture that value by providing a mixed bag of risk and reward" * STRF — 10% fixed return, most senior so highest chance of getting your money back if Strategy goes belly-up * STRE — STRF for europe * STRC — ~12% variable, monthly payout (the rest are quarterly), $100 par (NOT $100 pegged price). Yes, higher rate than STRF but less senior. Strategy is trying to pull in money that would otherwise be invested in money markets or whatnot. * STRK — 8% fixed, convertible into 0.1 MSTR shares — yield + BTC upside optionality * STRD — 10% fixed, most junior preferred. I suppose this could be an alternative to STRF, but this product probably doesn't make sense * MSTR essentially mimics bitcoin price, has no "return" in interest / dividends, and has lowest seniority. As much as STRC is a burden on mNAV, it also does not reward those holders in times of BTC gains and instead pushes those gains over to MSTR holders.

TheresNoSecondBest

>I think might be onto something 😎 He definitely is. **YOU'RE NOT BULLISH ENOUGH**

gooeyGerard

Borderline parodic  WE R ANONYMUS WE DO NOT FORGIVE WE DONOT FORGET 

ElderMight

1. Open source, Bitcoin only hardware 2. Order device directly from the manufacturer, NOT a 3rd party like Amazon 3. Write seed phrase on paper or metal in secure place. NEVER enter into an internet connected device, app, or program. Don't even say the words out loud. Follow these 3 best practices and your money will be super secure.

RedditLovesTyranny

Would you be willing to expand upon your comment? Like OP I don’t understand crypto whatsoever and to me it looks like nothing more than a digital Ponzi scheme. I know that the creator or creators of bitcoin said that it was created as a form of peer-to-peer trade for goods and services, but if that was the real intention behind bitcoin it failed miserably because it’s too volatile for use. For example, let’s pretend that my 2021 Honda Civic is a brand-new Rolls Royce Phantom and that I wanted to sell it for the price of $493,000. You’ve always dreamt of owning a Phantom and you want to buy it from me and pay me in bitcoin and/or other cryptocurrencies rather than a fiat currency like cash. Bitcoin is, as I type this, valued at $63,994.65 glorious United States Smackers, so I’m guessing (math is NOT my strong suit; I’m insanely terrible at it and had to drop out of college because I could not pass remedial math courses that were prerequisites. While I sat in the classroom it was simple and I understood it all, but by the time that I got into my car I had completely forgotten how to solve the mathematical ‘homework’ given me and no amount of staring at my notes could help. Something is wrong with me ol’ pum’kin.) that you would transfer roughly 7.8btc to my digital wallet. Shortly after you drive away from my house in your beautiful Phantom the price of bitcoin collapses to the point where a single bitcoin is only valued at $7,000. I just sold my car to you for 7.8btc that’s now worth around $54,600. To say that I have screwed myself by accepting your bitcoin is an understatement and you’ve driven away in what became the cheapest Rolls Royce ever bought. Of course the opposite could occur: you could trade me those 7.8btc for my vehicle only for the price of bitcoin to insane levels of about $3,000,000 per btc. You just paid $23,400,000 for a vehicle that had a price of less than $500,000usd. While the price of bitcoin may not ever see such a massive increase or decrease in value it is possible and perhaps even probable with something that is still so new that it might as well still be in the womb and that every government on earth is raking their claws into with regulations and high taxes. I know that virtually everyone has heard about the guy who ‘sold’ a couple of his bitcoins for a couple of pizzas back when the price of bitcoin was less than a pack of smokes. If he still had those coins he’d have enough money to start his own pizza franchise with Papa John’s or Pizza Hut. So why would anyone accept it as a form of payment? The best thing for the buyer would be for bitcoin to lose value so he paid very little for his purchase and the best thing for the seller would be for the bitcoin now in his digital wallet to gain as much value as possible so they make a lot of money. There’s very, very few legitimate retailers and businesses that are willing to accept crypto because of the potential for it to crash and lose much of its value. Every government on the planet is going to regulate it and tax it to death, and their laws will make it extremely difficult for anyone to buy and sell crypto mostly anonymously so it’ll lose much of its appeal for illegal transactions; what would have once been easy to send to a hitman for an assassination will soon be traced by anyone who looks into digital ‘wallets’. As such, I see no use for any crypto other than hoping to sell it for more than you paid for it with the very real risk that it will lost value and lose you ‘real’ fiat currency. So please, what am I missing here? Apparently I’m missing something because it’s become increasingly popular and I’d love to understand why. What I DO know is that I am so happy that we never hear about stupid-ass NFTs now because people realized that they were paying a lot of money to own not the art itself but to own a link that you can go look at crap that I could right-click and save onto my computer.

Ninjanoel

that wallet is almost certainly nonsense. Newbies don't be fooled, username and password means you are NOT in control of your private keys. This post almost reads like a paid advert for a scam wallet. I'd be happy to be shown why I'm wrong.

ZipitOrRipit

Crypto is NOT based on those shady pyramid schemes. It’s based on a TRAPEZOID !!!

PlutoPlaneta

News flash: compounding is only a thing if an asset creates dividends / reinvest. These things do NOT DO THAT. There is no compounding. Do you know what compounding means?

Spimbi

For simplicity’s sake: If Bitcoin = $10 and Person A and B both have $5 worth they have .5 BTC. If person A buys another $5 worth but Person B DOES NOT and they just hold, Person A has 1.0 BTC (or $10 worth) and Person B still has .5 BTC (or $5 worth). How can you tell me that they end up with the same amount?

Spimbi

Buying bitcoin increases your position denominated in BTC. Holding BTC keeps your position the same size denominated in BTC… Because of that they are functionally NOT the same. Like wtf are you smoking?

Spimbi

Well if we’re talking about bitcoin the actual functional difference is literally getting a position 50% larger. If you’re a buy and hold investor then idk how you ignore the BTC gains over the years. Sure on a 5y chart it’s equal to s&p, but if you were truly “buy and hold”, your time horizon is longer than 5 years. Likely 8-10 years at least. Then if you look at the gains it’s a much different story. If you’re more comfortable with s&p then buy that. No one’s holding a gun to your head and forcing you to buy bitcoin. I think it’s just silly to look at it at this exact moment and be like “SEE ITS NOT GOING UP FAST ANYMORE!!!! ITS DONE!!!!” after it just ripped.

B1ll4

please stop being dense.. bridge does NOT equal swap...

Ifnerite

You don't need to buy anything to have a cold wallet. Adding some piece of hardware overcomplicates things. Just write down your private key and never store it on an internet connected device. Preferably not an electronic one. Cold wallet does NOT mean one of the usb things, it means a wallet that is not active and hard to make active, especially by bad actors.

ElderMight

USB sticks are not secure and they can fail over time. Do NOT use a USB stick to store your keys.

ElderMight

>If you think your money will be worth less in the future, you invest it into things that produce actual economic growth or you spend it. This drives the economy. If you think your money will be worth more in the future, you are less incentivized to spend it, and this can lead to a feedback loop of a contracting economy. This is completely wrong. The logic here is completely destroyed with just a few examples: Laptops go down in price if you wait a year, yet people buy millions of them every year. In 1980, a 10 MB hard drive cost $3500. Today it costs pennies, yet they continue to be bought up in the millions every year for decades. The price of these goods go down every year, yet people still buy them... your logic is completely broken here. If the thing I want to buy (car, hard drive, computer, anything) brings me more value now versus waiting a year, I will buy that thing now. It's an economic calculation people make every day and it can't be explained by your nonsensical logic that lower prices over time disincentivizes spending. It's borderline stupid what you're saying here, but I would love to entertain you explaining this away with whatever mental gymnastics you can conceive. >If someone got paid in bitcoin during the period of 2021-2023 and had to actually live off of that, rather than speculating it will increase in value in the future and choosing to invest in it, the deflation would have fucked them. I've been living off it since 2021 lol. Do you not know how it works? All savings paid in BTC, all bills paid in cash. I still keep 6 months emergency fund in cash. This isn't complicated. If you have a big stack, you could get paid 100% in BTC, pay bills with credit card, then pay credit card by selling btc. If price takes a down turn, you can write that off as a capital loss and pay no taxes. >It is extremely obvious that I am not the one misunderstanding money here. You are confidently wrong on this one. It's obvious to everyone else here you do NOT understand money. >You just said you have not spent any of your bitcoin, and that the goal of it is money which is what you use it for. This is contradictory unless you mean the goal of it is to resell it later for real money. This really underscores your misunderstanding of money. Money has 3 functions. The first function of money is store of value. Money cannot be a medium of exchange without first having this function, which bitcoin undoubtedly does. The second is medium of exchange, and third is unit of account. Bitcoin does all 3. It's mostly used as a store of value currently because it's still in price discovery, but eventually it will be used for all three functions. Just because I have not spent it yet does not mean I am not using it as money. Holding it is using it. There's no contradiction or conflict here. I also use it as a unit of account. For me the price of houses have decreased over time when priced in bitcoin, and even though housing would continue getting cheaper for me in the future vs now, I chose to buy a house now because it brings me and my family more value versus waiting another year or more. See what I did there?

BrokenHefaistos

Bitcoin will die first, it has lost it's novelty factor, there's a younger generation and they are just into it for the fun of trading whatever that pays their evening out. They loooove memers, that actually have gearshops and a community like NOT and GIGA or ye goode olde PEPE

dali01

Also.. ignore the flood of DMs you are about to get from posting this. They do NOT want to help you.

derbyfan1

Honey, you're NOT dealing with a crypto fan. And im not maxi either. I just think objectively and deal with truths. You should stick to Honey and crypto. You will get far with that.

TheresNoSecondBest

>What is "rugged"? That's when you realize you've been lied to. If your node runs bip110 and stops agreeing on 99,5% of the mined blocks being valid (these are the current numbers), than you're in the 0.5% chain split. One day later, your chain is about 143 blocks shorter than the main chain. One week later the difference is 1,000 blocks. Orphan. To NOT become an orphan, somebody will come up with an idea to hard fork out of Bitcoin. Creating a new shitcoin like bcash. Every BTC holder gets the same amount of that shitcoin. People will try to get rid of one to support (buy) the other coin. If you're in the wrong camp, you might have regrets. Bcash, Bitcoin gold, BSV and other fork holders lost more than 90% of money. Don't get caught in that. Run the bip110 node if you wish, just be careful going all in on the new fork. The people telling you to, will still hold BTC because they know how bad this might end up.

TheresNoSecondBest

Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding 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. DCA is probably the best approach. Once a week works best for me, but I'm getting paid weekly. This [DCA calculator](https://21vox.com/dca-calculator) 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/app/](https://blockstream.com/app/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. **Lightning wallets** to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. If you can afford it, opt for Safe 7 (air-gapped) and 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). Sadly, this device is not air-gapped. [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, making is an expensive hot wallet. The opposite of what you want from a cold wallet. **Stay away**, save yourself a headache in the future. The same goes for many other hardware wallets that are too new or filled with too much of unnecessary shitcoin code. Stay away. 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.

furcryingoutloud

I read somewhere where the Tether CEO said they were NOT going to be compliant with MICA because MICA requires them to keep the funds in a European bank and invest through that bank. European banks are not the best for APR, and they are not securely insured against losses. My take is that they are making huge money by investing independently rather than having to share with any bank. Which makes sense from a business POV. As well, their dominance is spread far around the world and Europe is a very small % of their reach.

Head_Performance2432

part 3/3 SOFTWARE RECOVERY TOOLS ELECTRUM : (Input BEARD CERAMIC) Short info : Standart Wallet - Keystore : I already have a seed – Enter Seed : options – SLIP39 seed – Enter the Shares : the set is complete – default derivation path : m/84h/0h/0h Master Public Key : zpub6rMNnKaWe4cgdqi1ovm4N92S9H4dAMa7Q43tC95pw4YEVof6cjizu2KY2roynd8Mi1vNiGVx8ydmv2oU83SLXyqDm417yfhnbwRjdXceqDF Fingerprint : 783df27e First Address : ***bc1qagqpr2leke53nl8dg3nxh4fnrzuuvmceuexc9l*** SPARROW : same workflow and same output as Electrum Completed share set ! – create key store – import key store m/84'/0'/0' xpub6CgrAzEgLhXiwFKn9DBowxqRoLmjH7b7Zq1SdMJ4B3nUPc2e7RPseu1FzStonopWtjgmDKJqDevg9TaLgecJwWU22NcGor4p4VJSrPv4x4y zpub6rMNnKaWe4cgdqi1ovm4N92S9H4dAMa7Q43tC95pw4YEVof6cjizu2KY2roynd8Mi1vNiGVx8ydmv2oU83SLXyqDm417yfhnbwRjdXceqDF Fingerprint : 783df27e ***m/84'/0'/0'/0/0*** ***bc1qagqpr2leke53nl8dg3nxh4fnrzuuvmceuexc9l*** Then if you click on “view seed”in Sparrow, you get a 33 words long seed ?? (Mnemonic Words (Slip39) : elephant - omit – academic- academic- alcohol – party – medical – custody – cinema – engage – trend- equation – scramble – camera – diminish – warn – fluff – tofu – forbid – crazy – hour – petition - toxic – verify – rhyme – extra – equation – starting – hamster – frequent – ambition – element - usher **TL,DR** : m/84'/0'/0'/0/0 (Ian Coleman + Seedtool) DOES NOT MATCH m/84h/0h/0h (Electrum - Sparrow)

RetiredAvocado

Bip110 is not the "first serious attempt." Some shitcoin might split off, but probably not. Bitcoin is not going to die in either case. Op_return is not "buried inside bitcoin." Inscriptions do not use op_return. And people could store more than 80 bytes in a transaction before v30. Blocks still have a weight limit, so no, even using up maximum space in every single block will NOT push ordinary people out of running bitcoin. 210.24GB (plus whatever is needed for chainstate and indexes) per year at most. That's what the complaint is about. No, I don't want it filled up with junk, but even if every block was, how much of a burden is that? 16TB recertified enterprise grade HDD on Ebay is about $350. That's over 70 years of blockchain storage. You're using THAT as an argument?

susosusosuso

Well, yeah they can do anything they want with USD, that's why you don't want to save on USD but on other assets. Fractional reserves: that happens if you go against the whole purpose of BTC: self custody: not your keys not your coins. The whole point is: you can't have fast payment metods such as Paypal or Visa with blockchain. You just can't because of the trilemma. You can go safer or you can go faster. Also, let's be realistic: people is not going to massively adopt crypto for savings, payments etc... We have the option to do it but it's still an option and after 15 years it's still a very low minority. And it would still be a minority even if it was fast, because it's NOT official money. The point is that I can keep my wealth in BTC and I can transfer it in a decentralized way. That's a reality and it works and it will never be faster than centralized methods. But still I don't care because I don't want to pay stuff in bitcoin.

Date-Individual

"It was going to a million!!" Why sell at 120k? If I'd known it was going to be 50% down shortly thereafter, I'd have sold it all. But I didn't know. I didn't sell then. I'm certainly NOT going to sell now. I have 2.2 bitcoin bought at 12k. If I see it approach 12k, I'm out. Something is seriously wrong. I don't think it will.

ukheather

Any normal popular exchange, Unlike most comments, I suggest NOT to use revolut! Not your keys, not your crypto.

bluepand4

Username does NOT check out

Euphoric-Pop9717

I agree with you about Crypto. But NOT Bitcoin. There are 20,000+ wannabes claiming to be better, but there is no better and that’s why those are all but dead.

ClearSnakewood

Bitcoin is not Tradfi. Paper products aren’t real demand. Any “transaction” that is NOT on the blockchain isn’t real demand.

Yodel_And_Hodl_Mode

Uhhhmmm... LOL! > Every true hodler must go through a long bear market, gentlemen. You are not a true hodler until you've done your rite of passage, and gone at least 3 full years of bear and/or crab market!!! And you are NOT allowed to complain about it or ask "when NGU????" while making the retard gesture!!! Who said that? **[You said that.](https://old.reddit.com/r/Bitcoin/comments/16jwa91/every_true_hodler_must_go_through_a_long_bear/)** You didn't buy 5 years ago. You bought 2 years ago, and you aren't taking your own "advice." If you'd bought 5 years ago, you'd understand Bitcoin cycles well enough to know you need to hold through the halving. Better yet, through the halving plus a year.

Puzzleheaded-Pool-71

Instead of delusions of grandeur, we have a delusion cooperative. I mean OP isn’t wrong; as long as enough people keep buying (and holding) Bitcoin, Bitcoin will remain valuable. How valuable? Well that’s the rub. It’s so very interesting to me that Bitcoin Believers never talk about the fact that 94k large investors which represent just 2% of all Bitcoin accounts collectively own 80% of the Bitcoin in circulation. And yet…there is unshakable belief among so many fractional coin owners that Bitcoin is some incorruptible medium of exchange and wealth building…when it is in fact set up to be manipulated and exploited because it has zero controls, zero oversight, zero authority. It is only what it is. And people find that…beautiful. Which is lovely for its romanticism and idealism. But whether it bears fruit, is absolutely NOT guaranteed. OP says he doesn’t care if it takes 20 years to hit one million valuation. Aww, how nice for him. Many current holders of BC will in fact be dead years before that milestone is reached. Is money more valuable to someone’s life when they are 30 y/o? 40 y/o? 70 y/o? 90 y/o? Yeah I’m gonna go out on a ledge here and say it is better and it is more valuable and more rewarding to enjoy wealth as a younger person vs someone near the end of their existence. Also, dying of old age is not something any of us alive today should ever take for granted. I love the smooth brain-ness of those who just keep blindly buying more and more BC no matter what and then tout this as peak intelligence or ultimate wisdom. Of course it’s not. Do I own BC? Yep. Do I make my entire life about it? Do I invest every possible unspent unneeded dollar in my possession into owning as much BC as I can buy every 5 minutes of every day? Not at all. Do I go around trying to hype up the purchase of BC to others as often and randomly as I possibly can? Nope sure don’t. It’ll either do well or it won’t. Either way, life is too fucking short yall. Enjoy it as much as you can right the fuck now.

JLC587

Yeah you’re paper hands af bro. Bitcoin is not something you sell for profit because you want to go invest in stocks. It always moves in cycles. You should be stacking more not selling at its current ATL. You’re literally panic selling the bottom. The one thing they tell you NOT to do with investing. All I can say is it is going to go lower. Probably a good bit. But you should absolutely keep some liquidity to buy it when it’s cheep. The next swing up is going to be wild.

alternator1985

Blockchain is already useful for a ton of different applications that have nothing to do with crypto, and now that there is going to be millions of autonomous AI agents doing a ton of work online and through robotic agents, there will need to be a trustless architecture to track all those micro transactions in a reliable way, and considering nobody trusts big tech with their data anymore (nor should we) central databases are not the answer and decentralized networks will become the norm and much more secure. Efficiency and energy costs go down by moving to proof of work or similar architectures instead mining operations which is already happening for many networks. Blockchain finally has a use case with AI. And datacenters didn't come into existence with AI they have been sucking up water for well over a decade to run the Internet which I didn't see any of the anti-AI crowd complaining about. Nor do they seem to realize the cost in energy per million tokens has already dropped 100x in the first few years of the technology and the new chip technologies require a fraction of the water or none at all. None of these people know anything about technology, AI or Blockchain, they just hate scammers and attribute the tech to them, because they're even dumber than the scammers. Every new technology, just like the gold rush in the 1800's brings out the scammers and slop artists. AI isn't creating all this slop. Crypto isn't creating all these shit coin scams that people fall for over and over. The scammers and the underlying technology are NOT the same things, but to the general public they cannot tell the difference and most never take a closer look, they read the headlines at most and listen to the talking heads that confirm the bias they have formed. Nobody works from facts or data anymore. I say all of this as someone that holds zero crypto and heavily criticizes the American AI industry because they are completely fucking up and not factoring in human backlash to the business model (other than maybe Claude who people ironically hate even more), but they all also know something most people don't, a new social contract is coming and they are all talking behind the scenes (with the government) about UBI, which will be another failure if they do not include universal automation. But yea millions of robots and autonomous agents are coming, they are already being built. And many will use blockchain to confirm their work and transactions between themselves, not the type of blockchain tech that requires mining farms either. Most people only see what's right in front of them which is a bunch of AI slop and crypto scams and don't realize that's all created by other humans, and has very little to do with the development of the underlying technologies. Fool's Gold didn't change the existence of fools or value of gold.

Cmoz

There are certainly prediction markets like Kalshi that are NOT crypto. Theyre set up as centralized options trading platforms. And they sucked alot of the retail speculation demand out of crypto markets.

Willing_Albatross734

Hi everyone, ​I am sharing this to warn the community about a serious product logic flaw and Oracle resolution failure inside the official Binance App (Binance Wallet integration with Predict.fun), and how Binance support is completely evading responsibility. ​ The Issue: On a recent event, the market was left wide open for 45 minutes AFTER the event had officially ended and concluded. This allowed dead markets to remain active, exposing users to flawed product logic and unfair financial disadvantages. In blockchain and Web3 terms, leaving a market open post-event is a critical Oracle/Data Feed failure or a severe design exploit. ​ Binance’s Stance: Since this service is integrated directly inside the official Binance app and promoted within the Binance Wallet, I trusted the interface. However, Binance Support (under Case ID: CC9536207) officially stated that "there is no issue on the Binance platform" and that all disputes must go to the external provider because markets resolve via a "decentralized on-chain oracle system." ​ Why this is unacceptable: If Binance integrates, hosts, and exposes its global user base to third-party protocols with flawed logic that costs users money, Binance shares the responsibility for misleading its clients. They cannot leverage their brand to build trust for a service, and then wash their hands when that service fails technically. ​I have all the proofs fully documented, including screenshot 1000123215.jpg showing the time stamps and the dead market status. ​Be careful when using integrated Web3 services inside the Binance Wallet. If an Oracle fails or a smart contract logic is flawed, Binance will NOT protect you or take responsibility.

Willing_Albatross734

Hi everyone, ​I am sharing this to warn the community about a serious product logic flaw and Oracle resolution failure inside the official Binance App (Binance Wallet integration with Predict.fun), and how Binance support is completely evading responsibility. ​ The Issue: On a recent event, the market was left wide open for 45 minutes AFTER the event had officially ended and concluded. This allowed dead markets to remain active, exposing users to flawed product logic and unfair financial disadvantages. In blockchain and Web3 terms, leaving a market open post-event is a critical Oracle/Data Feed failure or a severe design exploit. ​ Binance’s Stance: Since this service is integrated directly inside the official Binance app and promoted within the Binance Wallet, I trusted the interface. However, Binance Support (under Case ID: CC9536207) officially stated that "there is no issue on the Binance platform" and that all disputes must go to the external provider because markets resolve via a "decentralized on-chain oracle system." ​ Why this is unacceptable: If Binance integrates, hosts, and exposes its global user base to third-party protocols with flawed logic that costs users money, Binance shares the responsibility for misleading its clients. They cannot leverage their brand to build trust for a service, and then wash their hands when that service fails technically. ​I have all the proofs fully documented, including screenshot 1000123215.jpg showing the time stamps and the dead market status. ​Be careful when using integrated Web3 services inside the Binance Wallet. If an Oracle fails or a smart contract logic is flawed, Binance will NOT protect you or take responsibility.

Bootsy_Gambolt

I wish you luck bro. My case is tiny compared to you. But its a lot of money to me. my case: # CoinDCX/Okto held my 871 USDC for 34 days, falsely claimed refund was processed, closed the case. RBI complaint filed. Full evidence. On May 22, 2026 I lost 871 USDC through a bug in the Okto-powered Hyperliquid app. Funds never arrived in my Futures wallet and went straight into an Okto-controlled wallet where they remain today — verified on-chain. What happened: • Okto app showed “Order placed” then immediately “Order rejected on Blockchain” • 871.196903 USDC never returned • Funds confirmed sitting at: 0x951DABDf0d5681C2c5A6c29B89E630BB3E0AD25F What OKTO did: • Opened case 8469714, called it “high priority” • June 14 — claimed “refund has been successfully processed” — no transaction hash ever provided • Funds never arrived • Case closed without resolution Tx hash: 0xd73ef65fee2ac4d08e361893234c4550a01d6a0212445fec8de10bbc02cd1759 • Opened case 8469714, called it “high priority” • June 14 — claimed “refund has been successfully processed” — no transaction hash ever provided • Funds never arrived • Case closed without resolution CoinDCX (parent company, FIU-IND registered as Neblio Technologies) has been contacted. RBI complaint filed June 25, 2026. DO NOT USE OKTO WALLET!!!!!

Willing_Albatross734

Hi everyone, ​I am sharing this to warn the community about a serious product logic flaw and Oracle resolution failure inside the official Binance App (Binance Wallet integration with Predict.fun), and how Binance support is completely evading responsibility. ​ The Issue: On a recent event, the market was left wide open for 45 minutes AFTER the event had officially ended and concluded. This allowed dead markets to remain active, exposing users to flawed product logic and unfair financial disadvantages. In blockchain and Web3 terms, leaving a market open post-event is a critical Oracle/Data Feed failure or a severe design exploit. ​ Binance’s Stance: Since this service is integrated directly inside the official Binance app and promoted within the Binance Wallet, I trusted the interface. However, Binance Support (under Case ID: CC9536207) officially stated that "there is no issue on the Binance platform" and that all disputes must go to the external provider because markets resolve via a "decentralized on-chain oracle system." ​ Why this is unacceptable: If Binance integrates, hosts, and exposes its global user base to third-party protocols with flawed logic that costs users money, Binance shares the responsibility for misleading its clients. They cannot leverage their brand to build trust for a service, and then wash their hands when that service fails technically. ​I have all the proofs fully documented, including screenshot 1000123215.jpg showing the time stamps and the dead market status. ​Be careful when using integrated Web3 services inside the Binance Wallet. If an Oracle fails or a smart contract logic is flawed, Binance will NOT protect you or take responsibility.

CodeMUDkey

Owning Bitcoin IS NOT ADOPTING BITCOIN. I’ve literally never transacted a single goddamn purchase in crypto other than exchanging dollars for crypto. This shit is not a solution to anything. It’s been a reasonably lucrative gamble that has, thank god, paid off somewhat.

tehdatacss

This coin is just doing crazy things. Nov Alltimehigh - and there are so many coins, which did NOT get a new one, also we are in the middle of AI focus. Render is also outperforming the bitcoin, as the bitcoin starts to being bullish. Im also heavy on fet, whats your average? At the moment mine is 0,33, i believe if u just buy and buy, some day (and even if its just 1$ again) it turns out.

Schwoanz

Lots of Bitpanda shilling lately. Definitely makes me NOT open an account with them.

coindigest

The part that doesn't add up: SecondFi says the $18.5M (129M ADA) was an "emergency rescue measure" routed to a third-party custodian, but Hoskinson is now relaying that Emurgo claims they don't even know who the white hat is. You can't both have deliberately triggered a rescue AND not know who's holding the funds. One of those is wrong, and that's exactly why people are uneasy and some are calling for an investigation. Worth remembering what actually broke: this wasn't a smart contract bug or the Cardano base layer, it was a flaw in SecondFi's (formerly Yoroi) wallet-generation software. Think of a locksmith whose key-cutting machine was quietly stamping out duplicate keys, every wallet made through it is suspect no matter how carefully you stored your seed. That's why "just move your funds" is messier than it sounds, and why the early official advice was to NOT restore that seed into a fresh wallet. For anyone actually affected: SlowMist (Cos) puts the real exposure north of $20M across \~178 wallets, and scammers are already impersonating SecondFi "support" with fake recovery tools. Stick to official SecondFi channels only and never paste your seed into any "recovery" anything. That second wave is what cleans people out after a hack like this.

TheresNoSecondBest

Perhaps you need to read this, mate: Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding 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. DCA is probably the best approach. Once a week works best for me, but I'm getting paid weekly. This [DCA calculator](https://21vox.com/dca-calculator) 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/app/](https://blockstream.com/app/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. **Lightning wallets** to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. If you can afford it, opt for Safe 7 (air-gapped) and 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). Sadly, this device is not air-gapped. [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, making is an expensive hot wallet. The opposite of what you want from a cold wallet. **Stay away**, save yourself a headache in the future. The same goes for many other hardware wallets that are too new or filled with too much of unnecessary shitcoin code. Stay away. 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.

validelad

First, I wasnt the original poster you were responding to. It seems like you may have thought i was. Beyond that, i understand what you are talking about with collateralized loans. However, there issues with what you laid out. There is no way they will get a 1% interest loan in the current environment. They are more likely looking at loans in the 5% range, which is a huge difference. There is also a limit to how much an entity can take loans out to pay loans. The uber rich can do that because they are taking loans out that are a tiny fraction of their net worth. Like, think Zuckerberg or whoever taking out a $10 million dollar loan when his stock assets are in the 100s of billions. Mstr's obligations are a much much higher percentage of their assets. They can only collateralize each bitcoin once so to speak. Also, there is a really limit to how much bitcoin they can sell. When they sold just 32 recently it caused a crash in bitcoin value. Imagine what would happen if they started trying to sell billions worth. Their $50bn bitcoin reserves is only that value on a spreadsheet. If they tried to liquidate a significant portion of that, it would end up being a small fraction of the current "value". Most egregious, you implied the original poster had no ideo how companies work, but what you were thinking about is how individual high net worth people manage their finances. That is NOT generally how companies "work". Some companies may issue a lot of debt, often in the form of bonds, then end up issues more bonds to make payments on the old bonds, etc. But the level of obligations mstr makes that a non sustainable non starter.

Traditional-Solid-43

I've certainly felt that psyche? state. It's not that I WANT them to get hurt, or that I'd willingly go out of my way to hurt them, but it might be a really unconscious and subconscious satisfaction that comes from wanting your own survival to come above ANYONE else's. So you feel a sense of gratification not because someone's in pain but because YOU'RE NOT the one in pain.

dirtsmurf

"least credible" yikes man. Im just an adult with hard money in the USA. You sound like you have a weird chip on your shoulder. "I wired" - I dont care, not the same thing at all "I withdrew some thousand" - I don't care, not the same thing "I got a cashiers check" - AGAIN NOT THE SAME You're clueless.

Timely-Fig2030

Memecoins are no form of crypto. It's the most centralized garbage (running on a decentralized blockchain). Hence, memecoins are NOT crypto.

TCr0wn

i am an expert in crypto, this is 100% a scam. there is no doubt at all. do NOT do this.

Aggravating_Rub_9111

I DID NOT CHOOSE MY USERNAME, DAMNIT and I'm a fucking she.

TheresNoSecondBest

>Need investment advise I also always visit r/Bitcoin when I'm in need of investment advise/s Anyway, congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money by Lyn Alden. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding 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. DCA is probably the best approach. Once a week works best for me, but I'm getting paid weekly. This [DCA calculator](https://21vox.com/dca-calculator) 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/app/](https://blockstream.com/app/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. **Lightning wallets** to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean. The app runs a full LND node on your phone and you have the ability to easily open channels to whatever nodes you like. [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address. While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez. There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day. To keep up to date with spending wallets, visit r/TheLightningNetwork at least once a while and perhaps r/RGB in the future. **Hardware Wallets** (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. If you can afford it, opt for Safe 7 (air-gapped) and 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). Sadly, this device is not air-gapped. [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, making is an expensive hot wallet. The opposite of what you want from a cold wallet. **Stay away**, save yourself a headache in the future. The same goes for many other hardware wallets that are too new or filled with too much of unnecessary shitcoin code. Stay away. 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.