PART

Due-Imagination-863

THAT PART. last night was tempted, grabbed ADA instead

boatbuyer-634

PART of Bitcoin's value lies in it founder's anonymity.

Bob_Loblaw_1

Some advisors get it, some don't. The ones who have missed the boat on the best performing financial asset ever are probably still salty about it so it makes them feel better to say "You should never trade that anyway. Too dangerous and volatile." But just know that the biggest money management firm in the world, Black Rock, with TRILLIONS under management, is heavily into Bitcoin and the Bitcoin ETF they created is the most successful ETF launch in history in terms of sales. If Larry Fink, CEO of Black Rock, likes Bitcoin, thinks it's the future and thinks its should be part of every well managed portfolio, then who is some little, local financial manager to argue with him? Larry is the king of kings in financial management. There is no higher on planet Earth! Your friends financial advisor who says no Bitcoin probably isnt qualified to even get a job at Black Rock as one of its lowest level financial advisors. They only hire the best of the best. Look, your buddy doesn't have to go all in Bitcoin. That would be irresponsible and foolhardy. But through Bitcoin ETFs like IBIT, it should be a PART of a well diversified portfolio. Like 5% to 10% of it.

Beneficial_Muscle_25

THAT'S THE WORST PART! I started checking the wallets in the last couple of years and there are always at least 3 to 5 payments. It's almost as remunerative as a real job

WenMarketingSir

I'm glad you are :) I posted PART 2. If you'd like to check it, you can find it in my profile.

JoeeEu

Introducing $HEGE: The Next Big Meme Coin on the Big Meme Coin on the Block! 🚀 Hey fellow crypto enthusiasts, I'm excited to introduce you to the latest sensation in the world of meme coins - $HEGE! If you've been following the crypto space, you know that meme coins have taken the market by storm, with coins like Dogecoin and Shiba Inu making headlines left and right. But $HEGE isn't just another copycat; it brings its own unique twist to the table. I’ll be going over everything and my personal experience with HEGE. What is $HEGE? $HEGE is a decentralized meme token built on the Solana blockchain. Its name is a playful nod to the popular meme character, the hedgehog, and it aims to bring fun and excitement to the crypto community. Why be part of a Hedge fund WHEN YOU BE PART OF THE HEGEFUND. Why $HEGE? So, what sets $HEGE apart from the countless other meme coins out there? Well, for starters, $HEGE has a vibrant and passionate community backing it. The community is actively engaged in spreading the word about $HEGE through social media, forums, and other channels, creating a buzz that's hard to ignore. When it comes to meme coins, we all know that community is number one, did you know that in three days $HEGE raised over $20,000 for a marketing campaign, this alone shows the power of the $HEGE community, the amount of giveaways done could equal thousands of dollars, again all for the community. Community-Driven Development Another thing that sets $HEGE apart is its community-driven development approach. The team behind $HEGE is committed to listening to the community's feedback and implementing changes and updates based on what the community wants. This level of transparency and inclusivity is refreshing in the often opaque world of cryptocurrency. With X spaces being hosted at-least once a week, for Asking anything to community feedback , $HEGE Puts the HOLDER first. How to Get Involved If you're intrigued by $HEGE and want to get involved, there are several ways to do so. You can start by joining the $HEGE community on social media platforms like Twitter Telegram Discord Which can all be found at the website mentioned in the below text I also strongly urge you to check out the HEGE website and comic like story line at https://www.hegecoin.com/ . Engage with other community members, ask questions, and share your ideas. You can also purchase $HEGE tokens on using wallets like Solflare and Phantom. My Personal Experience I joined the whole meme coin space around 3 weeks ago and i honestly picked HEGE by luck no research no nothing, and because the HEGE community was so good and so stable i thought to myself wow meme coins are fucking awesome , so i threw in an extra £400 into different projects which have all ended up pennies. Until this very day the only meme coin i hold is HEGE and its the only meme coin that put me back into profit, the HEGE community is just really the best , its like a second family , i was honestly broke one day as im a student which we’ll touch on about later and one of the community members transferred me money to eat out that day , LIKE WHO DOES THAT ? I’LL TELL YOU WHO ITS THE HEGE FAMILY. Remember i told you that i was student , well students have exams and when i passed the HEGE fam knew about it and sent me over $200 as a congratulations gift LIKE WHAT ?!? Final Thoughts In conclusion, $HEGE is more than just a meme coin; it's a community-driven project with the potential to make a real impact in the world of cryptocurrency. With its unique features, passionate community, and commitment to transparency, $HEGE is definitely worth keeping an eye on. Remember, investing in cryptocurrency carries inherent risks, so make sure to do your own research and never invest more than you can afford to lose. But if you're looking for a fun and exciting project to get involved in, $HEGE might just be the perfect fit for you. See you on the moon! 🚀🦔

briguy37

If the hardware wallet is designed and implemented properly, yes they are safe to connect to computers/other devices. With Good Hardware wallets it is not physically possible for the device to communicate the private key (or any form of the private key) to the device it is connected to. Instead, the private key stays inside the device and the connection to the computer is used to instead communicate other things. For example, you might tell it through the app on your computer that you want to send some of the balance to another wallet and leave the remaining balance in the same wallet. The desired transaction info would be sent to your hardware wallet through the connection, allowing the hardware wallet to know what you are trying to do and to show you the details of the transaction on your hardware wallet (e.g. making sure the addresses and amounts are correct) so you can verify them. This step is VERY important because if your computer is hacked you might think you sent it one transaction but the hackers sent their transaction to the hardware wallet behind the scenes without you knowing about it. Finally, once you have verified the transaction ON YOUR HARDWARE WALLET, your hardware wallet should require you to provide some sort of code/password to approve the transaction. After this, the signature for the desired transaction will be sent to the computer. THIS IS THE SCARIEST PART, IF THE TRANSACTION IS INCORRECT AND GETS EXECUTED, THERE IS NO ROLLBACK! Once the transaction hits the computer, that will then forward it on to the blockchain to be processed by miners, after which the transaction will be accepted into the blockchain and completed. The important thing to note about this is that the Private Keys to your wallet that can be used to create transactions to spend money from your balance is NEVER exposed to the computer. Instead, the only thing that is exposed is a Signature for a Transaction that you have explicitly Verified and Authorized.

deshe

--- PART 4 --- Finality Shorter finality is better. "Most PoW consensus protocols allow for reorgs and only have probabilistic finality. Many PoS consensus protocols have instant finality, while others have a hybrid finality that allow reorgs up to a certain depths limit. However, this will be different for every blockchain/DLT." You mean deterministic finality, instant finality is something else. One thing you have to understand is that there isn't really such a thing as deterministic finality. You can buy the best safe in the world, and I would still have a minuscule chance to correctly guess your combination. In cryptography, we always have some confidence parameter. The security of PoW bounds the probability that a reorg can happen the same way that a cryptographer chooses the size of the key space. Saying that a PoW chain has "finality" means that the probability of a reorg vanishes exponentially fast as a function of time. Saying it has "instant finality" means that the coefficient of the exponent becomes smaller as the network latency does. "PoW mining pool protocols provide no protection or detection against withholding attacks, which are the most common type of 51% attacks. An attacker can even execute one with well under 50% of the network hash rate due to selfish mining." Selfish mining does not mean that an attacker can revert with less than 50% of the hash rate. That's a common misconception. Selfish mining is an attack on another property called "chain quality". It essentially means that large miners can mine more blocks than represented by the fraction of the hashrate. In theory, a 34% attacker can mine more than 50% of the blocks. So why is this not a double spend attack? Because the attack necessarily piggybacks on honest blocks, so it can't reorg them out. Interestingly, a selfish mining attack is quite measurable. The attack requires the attacker to post two successive valid blocks at the exact same time. Afaik, no selfish mining attacks on Bitcoin were ever recorded. Selfish mining attacks on Kaspa are extremely complicated and very unprofitable. "In general, it's so hard to attack PoS that the only times we've ever seen it happen are due to accidental client bugs." "Accidental client bugs" are an extremely huge concern, it is very baffling that you would downplay them this much. Proof-of-stake typically has an extremely intricate structure that is very hard to solidify. Exploits are a huge concern, and a very reasonable criticism of PoS.

deshe

--- PART 3 --- PoW vs PoS "grief attacks" Grief attacks are indeed a problem, but Kaspa is protected by holding 99% of the world's kHH hashrate. "Nearly all PoS networks have a liveness threshold under 33%, and security threshold over 67%." No permissionless consensus has security threshold over 50%. "Which means that if an attack happened, it would likely first trigger the liveness threshold and cause the network to stop running (or stop finality) well before security failed." Unless the attacker prefers to do a reorg rather than delaying the network and getting slashed to hell. "I find intuitively it makes more sense that PoW is more secure because anyone get electricity to become a miner, but not everyone can get the coins, making PoS veer towards something insular." It is a very concrete argument. In PoS, if anyone obtains control over a prohibitively large sum (which they can do secretly, in theory), they get to maintain their superiority forever for free. In PoW, even if someone has 90% of the global hashrate, they have to maintain operational costs and procure hardware to maintain their superiority. That actually makes PoS much more secure. An attacker would have to spend an increasing amount of money trying to buy up more tokens to attack the network. The more the attacker buys, the more the price is driven up. And current holders of the token wouldn't attack themselves. It's suicidal." If your currency reaches adoption, it would be too large to fail, and using large stakes to manipulate it will not be "suicidal". Any type of money is corruptible. Besides, there are many bad things that can be accomplished in subtle means when you have high amounts of stakes.

deshe

---PART 2--- Finality vs Confirmations "Confirmations on Kaspa are very fast (1-2s average according to the Block Explorer). But confirmations are not the same as finality." "Instant confirmation" is not instant, it is more accurately described as "as fast as the internet", which is the fastest possible. You can't confirm faster than the speed of data. If your confirmation times scale down with the network latency, you have "instant" confirmations. "GHOSTDAG doesn't allow blocks to reorg, but individual transactions that are conflicting can reorg." That's not true. Kaspa has a selected chain that can reorg exactly like in Bitcoin. This requires recomputing the ordering of all blocks that are not in the past of the latest selected chain block both sides of the fork agree on. "It's possible to turn a red block into a blue block." Not without reorging. I think you might be confusing GHOSTDAG with SPECTRE. "And it's possible for an attacker (either malicious or an honest one that has slow network connection) to send conflicting transactions simultaneously to nodes building on 2 different blocks." Both nodes will build on both blocks. "Time to finality depends on many factors. The more secure the consensus protocol, the shorter the finality time. The video mentions at 1:12:00 that Kaspa needs (k + n) confirmations for an equivalent block security to Bitcoin." k+n to be equivalent to n confirmations in Bitcoin, but that's not the exact formula, just asymptotics. The tighter formula is a bit complicated. "Around 1:12:45 in the video, Wyborski mentions roughly 50 confirmations are needed for high-value transactions and \~10 confirmations for low-value transactions. That's with 10s blocks (8 min finality). With 2s blocks, I'd expect it to be 5x that number (or maybe it's a factor of sqrt(5)). But I'm not 100% certain on this because the exact formula for k and finality are not mentioned in the video or whitepaper. The indirect formulas used to calculate k are way beyond calculus and too advanced for me to understand." I think you misunderstand the block rate. It's not ten seconds per block, it's ten blocks per second. That doesn't mean that 10 confirmations take one second though, because some of the blocks would be parallel to the block creating the transaction. However, this converges fast enough. There is a formula for k in the paper. It is not "indirect", it is how it is computed. It essentially means that k is chosen such that the probability that more than k blocks are created within a roundtrip time is smaller than the confidence parameter.

deshe

Hi HSuke, thank you for the comment. Here's my response, I had to break it into four parts because Reddit sucks. --- PART 1 --- Smart Contracts: "Looking at their roadmap, adding native smart contracts is very hard to accomplish. It would require re-writing the entire code base." That's patently false. Adding smart-contracts will require rewriting the UTXO layer, and some minor adjustment. All the other main components -- consensus layer, P2P layer, mempool -- remain largely unchanged. "The other option of making Kaspa a sequencer with Ethereum as the settlement layer is much easier to accomplish. But then why use Kaspa in the first place if you're just going to convert it to an Ethereum L2 rollup/sidechain? Would the community be fine with that?" Being a sequencing layer is not something an L2 can do, it means that Ethereum L2s do their sequencing over Kaspa instead of over Ethereum. It's actually a very neat application. Also, these options are not mutually exclusive, and not the only one. There are many things Kaspa can be, and it has the capacity to be all of them together. Also, I don't really believe native smart-contracts are necessary. With instant confirmation (we'll dive deep into those further down) you can rapidly settle an L2 with rollups, providing better (and adjustable!) responsiveness than most chains while avoiding a lot of the complexities of validators processing arbitrary code.

Eodis

It was a scam from the start. It was forked from PART which is an other privacy coin.

Eodis

There is Particl and PART coin. It could have been the best imo. It's quite a nice ecosystem on paper, PoS based on an updated bitcoin codebase. On top of that there is an integrated and fully private marketplace and they are working on a cross chain DEX which will interact with the marketplace. But the project has/had many issues. Bad decisions and centralized governance, the lack of funds is resulting in a development barely doing any progress and with how they failed to manage funds in the past i'm not sure it would be solved by donations or a pump (not to mention it's basically only on MEXC...). Not to mention there is a "dev tax" which is half of staking rewards and it doesn't seem to do any good as it's a constant dump on the market for a lack of results. Basically they had 1 main dev and he doesn't work on it anymore. The DEX is not convenient and they can't acknowledge that, the project is more or less doomed unless some lucky event happens.

SPXJUICYPUMPZ

I don't look at it as my ticket to freedom. It's PART of my ticket to freedom. I work for myself mostly, I bought a cheap home, 95 percent of my money is in ETFs, always finding ways to save more and make more. I invest 60 percent of my income. Bitcoin is just a small part of the plan. One day I'll be where I need to be. I'm 33, own a home and have 365k invested in ETFs, mutual funds and BTC. But need a coool 1.25 million more and we are golden!

GeologistEntire9052

Sorry but your main argument is nonsense. "Bitcoin is a PART of the internet. Obviously a part of something can't be as big as the whole." is the same as "cars are a part of streets and therfore cars cannot become as big as streets".

the_lone_unlearned

Absolutely. Which is obvious from the simple fact that Bitcoin is a PART of the internet. Obviously a part of something can't be as big as the whole. Also to use Bitcoin people have to decide to move fiat money to Bitcoin, to use the internet you don't have to do that. Bitcoin is and always will be TINY compared to the internet in both size and impact. I think by the end of this century Bitcoin will be considered to have had a large impact on society, but still it won't be comparable to the internet. Obviously adoption will continue to boom over the coming years and decades as people gradually start actually learning about Bitcoin, rather than just reading misinformation headlines about it. But it will definitely fall off the internet adoption pace because the internet created a whole new economic boom, while Bitcoin is just a new (better) form of money. And while it has created a nice industry and has all sort of benefits for expanding money availability around the world, its not creating a brand new global economy and its adoption will not follow the internet's. Most people are going to remain skeptical about Bitcoin for many more years. Adoption from here on out is going to be gradual because it's not longer small enough to be a get rich quick that 100x's in a few years, but its not nearly widespread enough to be picked up by merchants for payments yet. I think we're entering kinda like an adolescent maybe 20 year gradual growth phase for Bitcoin post-get-rich-quick-investment phase and pre-widely-usable-currency phase.

gwtrades1790

You a loser for considering selling them and working PART TIME.. dummy

Lannser

$21k was *PART* of your refund?

IAmSomewhatDamaged

For real though… I don’t know what to do. So many people say they’re just going to hodl FOREVER, but shouldn’t I sell at least PART of my bag when BTC goes parabolic to secure some profits before the bear comes back?? I’m definitely gonna be selling a lot of my (limited amount of) Alts, but I’ll probably hodl like 40-50% of my BTC until retirement. I dunno. This is only my 2nd cycle and the first time I’ve been well into the green. I need to sit down and figure out my exit strategy for ALL the coins I hold (if I even want to sell at all)..

ajnsd619

Data, not cope. If you have data to counter the facts I've posted, please do. Only that data matters. Incidentally, I've obtained Solana's financial statements stretching back to December 2020. Wait till you see what the Solana Foundation was forced to reveal in them. Don't worry! I'll notify you when **SOLANA: Bad Tech, Bad Investment PART 2** is posted. 📢

Mordan

> BTC did and nobody complained. BTC goal is to become world reserve currency so getting part of the institutions is PART of the goal duh!

AtensLight

Hi, hi 1maginary\_Friend, good nickname lol If youd like to look at this, ive put together some helpful tips & strategies to get you started if you choose to do so: I recommend that you dont buy more bitcoin than you can comfortably afford to lock up for a period of 4yrs. Think of this as a long term investment. As of yet, no one who has invested in bitcoin over a 4yr time period has ever lost out, regardless of what price action happens on the trend line. To many here, we enjoy these major dips in price because it means (We believe) that Bitcoin is "On sale" during those times. We use it as a signal to buy more “cheap” Bitcoin before the price rises again. Because Bitcoin is pure limited asset, it will forever increase in popularity and adoption due to its use cases, it’s a tool box and not just a stock. Thus the value and price will increase over subsequent years, so we don’t worry about 1hr, 1day time frames, we look at the bigger picture over 1-4year time spans on the trend line. \[\[\[ Bitcoin was originally for techies. Bitcoins ETF's is something new, and Blackrock are providing a window for institutional investors to get in on the action in a "landscape" they understand. Stocks etc. This is why we are seeing a Pump, its a tidal wave of money coming in from wallstreet - and will result in (we believe) a sustained pump for many years. So if you have some spare savings sitting around in the bank where fiat is losing you purchasing power through inflation. You might consider investing in bitcoin as one lump sum at the moment THEN continue with DCA strategy below. This is to get in on the low price before the “Halving”. The halving is encoded into bitcoin and its where Miners will get paid exactly half the amount they did previously for mining the same amount of bitcoins, thus it makes bitcoin even more valuable. Historically each halving cycle has followed a pump.\]\]\] Dollar cost average (DCA) This is a strategy where you make smaller purchases. Thus it lowers your average buy in price over time. So buying at 50k,52k,54k,56k = means you’ve bought ??? worth of bitcoin at (on average) 53k price If you had increasingly bought at higher and higher prices without any low prices then of course your average price would be greater than if you had just bought one lump sum at 50k. But that’s not how bitcoin works. It has momentum, peaks, dips and sudden drops. So DCA is taking advantage of that to create lower average lower price, and smoothing out the ripples. \*\*\*Personally i put the amount i was going to use for DCA into my trading account automatically via direct debts from my bank, and have fiat money just sit on my exchange. That way i have £££ ready for when i see whales create large dips in price this month or week. I enjoy doing manual buy points as something to do in the evenings vs the convenience of setting up DCA on an exchange and forgetting about it. What makes this approach "DCA-Like" for me is that im still averaging my Buy Price. I only use DCA on a automatic weekly in my trading account when i intend to spend long periods of time away from the market, screens and the constant price checking lol. Use a website called Tradingview, sign up, and ADD the ticker for bitcoin which is BTCUSD for dollars or BTCGBP for pounds etc, then select the exchange you are using. https://www.tradingview.com/ Hes some “maker/taker” fees from popular exchanges. This is the fee you pay when making a buy or sell order: Coinbase 0.4%, 0.6% Kraken 0.16%, 0.26% Binance 0.10%, 0.20% Its worth keeping a record of every "Buy" amount that you make. You can download data from the account “orders” section “download statements”. This is so that you can work out your "Average buy price". This is your personal number vs what the trend line is doing. That way youll be able to SEE when Bitcoin is on sale for you or not, from your perspective. Place a horizontal line on the chart to represent this, click on the cog and put in your average buy price. When you have accumulated enough bitcoin on an exchange, and feel the risk of it sitting there out ways you paying "gas fees" to move it to a hot or cold wallet, then do so. Think of it this way, is it worth spending £25 in gas fees to secure £2000 worth of BTC that cannot be confiscated or taken from you? Having it sit on an exchange is an implied risk because some companies can and do fold. Also the money you see on the exchange is only an IOU, you dont actually own bitcoin until you take it off the exchange yourself and transfer it to your own wallet. This is called self custody. Research videos on “how to self custody bitcoin”. When you do this, you can safely share your “public wallet address” with people so that you can to receive funds into it. But NEVER share you “private keys” or “seed phrases” with anyone. Having possession of those ones means they can access your funds, steal it and lock you out. Important: Invest ONLY what you can comfortably afford to do so, after all the bills and eventualities are taken care of, after life is taken care of. Using only spare cash and savings for DCA. Then, when you see the dips happen, you will be in a position to choose to buy extra during those moments if you wish. PART 2 NEXT >>>

AtensLight

hi 1maginary\_Friend, if youd like to look at this, ive put together some helpful tips & strategies to get you started if you choose to do so: I recommend that you dont buy more bitcoin than you can comfortably afford to lock up for a period of 4yrs. Think of this as a long term investment. As of yet, no one who has invested in bitcoin over a 4yr time period has ever lost out, regardless of what price action happens on the trend line. To many here, we enjoy these major dips in price because it means (We believe) that Bitcoin is "On sale" during those times. We use it as a signal to buy more “cheap” Bitcoin before the price rises again. Because Bitcoin is pure limited asset, it will forever increase in popularity and adoption due to its use cases, it’s a tool box. Thus the value and price will increase over subsequent years, so we don’t worry about 1hr, 1day time frames, we look at the bigger picture over 1-4year time spans. Dollar cost average (DCA) is a strategy where instead of investing in a large amount in one go, you make smaller purchases over a longer period of time. Thus it lowers your average buy in price. To illustrate this, lets start with £1000 savings: \>If you keep your money in the banking system, if inflation stays at 2.5% for the next two years, your £1000 would have a purchasing power of approximately £952.38 in two years time. \>If I bought £1000 worth of Bitcoin at price of 36k today, by the time it reaches 50k in two years time the profit youd likely make would be around £376 that’s an 37.66% increase. So youd have £1376 in two years. \>But if I bought £41.6 worth of bitcoin every month, for 24 months at different prices like 36k, 32k, 45k, 32k regardless of the trend line movements “volatility”. This would mean your average “buy price” during that two year period for you would be £32200 NOT £36000. Youd therefore make £539 from that new position which is an 53.95% increase. Both the average price of my bitcoin is cheaper and also you stand to make more profit at the same time. In this case you’d have £1539 after two years doing DCA. Just a rough example. If you had increasingly bought at higher and higher prices without any low prices then of course your average price would be greater than if you had just bought one lump sum at 36k. But that’s not how bitcoin works. It has momentum, peaks, dips and sudden drops. So DCA is taking advantage of that to create an average lower price. \*\*\*Personally i put the amount i was going to use for DCA into my trading account automatically via direct debts from my bank, and have fiat money just sit there. That way i have £££ ready for when i see whales create large dips in price this month/week. I enjoy doing manual buy points as something to do in the evenings vs the convenience of setting up DCA on an exchange and forgetting about it. What makes this approach "DCA-Like" for me is that im still averaging my Buy Price vs just buying it in one go. I only use DCA on a automatic weekly in my trading account when i intend to spend long periods of time away from the market, screens and the constant price checking lol. \*\*\*Important: £50 doesnt sound like much, but its better than no Bitcoin at all. Invest when youre ready and able to, and dont sweat it if you cant, i wan to let you know that you are still early on this!. Continue with DCA each month, and spend ONLY what we can comfortably afford, after all the bills and eventualities are taken care of, after life is taken care of. Using only spare cash and savings. Then, when you see the dips happen, you can also choose to buy extra during those moments if you wish. Use a website called Tradingview, sign up, and ADD the ticker for bitcoin which is BTCUSD for dollars or BTCGBP for pounds etc, then select the exchange you are using. https://www.tradingview.com/ Hes some “maker/taker” fees from popular exchanges. This is the fee you pay when making a buy or sell order: • Coinbase 0.4%, 0.6% • Kraken 0.16%, 0.26% • Binance 0.10%, 0.20% Its worth keeping a record of every "Buy" amount that you make. You can download data from the account “orders” section “download statements”. This is so that you can work out your "Average buy price". This is your personal number vs what the trend line is doing. That way youll be able to SEE when Bitcoin is on sale for you or not, from your perspective. Place a horizontal line on the chart to represent this, click on the cog and put in your average buy price. So in summery, if you intend to just buy bitcoin and hold it, continue with DCA daily/weekly/monthly your choice. Then be aware of the price, and when you SEE dips happen (not guess what might happen next) you can buy more if you wish. This is what we mean by “Buy the Dips”. "Hodl" by the way is just slang for hold and dont touch it for 4yrs. When you have accumulated enough bitcoin on an exchange, and feel the risk of it sitting there out ways you paying "gas fees" to move it to a hot or cold wallet, then do so. Think of it this way, is it worth spending £25 in gas fees to secure £2000 worth of BTC that cannot be confiscated or taken from you? Having it sit on an exchange is an implied risk because some companies can and do fold. Also the money you see on the exchange is only an IOU, you dont actually own bitcoin until you take it off the exchange yourself and transfer it to your own wallet. This is called self custody. Research videos on “how to self custody bitcoin”. When you do this, you can safely share your “public wallet address” with people so that you can to receive funds into it. But NEVER share you “private keys” or “seed phrases” with anyone. Having possession of those ones means they can access your funds, steal it and lock you out. PART 2 NEXT >>>

zjovicic

PART 3: 1. When it comes to electricity I agree it's not as bad as I initially thought, and it has the potential to be beneficial in some localities, by incentivizing the development of electricity grid, being buyer of last resort, etc... Especially if it is focused on green energy (for which there are no guarantees though). Methane burning is also a great example of how it can be beneficial, thanks for bringing that up. However, still if the system on the whole is kind of questionable if not net negative, than any kind of environmental damage needs to be scrutinized. Especially electronic waste is a big issue, as it has already caused shortage of chips. Also, have in mind that electronics is difficult to recycle, and that its burning creates toxic fumes. Also some materials used for electronics are quite scarce. Now how serious it really is, depends on how much of all the chips in the world goes to bitcoin mining. I don't know the number, but if it was able to cause a shortage and pump prices of Nvidia stocks, I don't think it's negligible. Still, of all the points I brought up, environmental ones have the least weight in my opinion, and so they are least worthy of discussion. 2. I agree that consumerism is bad, and I agree that people can't save forever. Yes, there will be balance eventually. But before that eventuality comes, if people are averse to spending bitcoin long enough there is still a reasonable chance, that once such aversion to spending slowly fades away and people start spending their bitcoins more, a lot of the paper wealth accumulated in bitcoin might melt away. This is, in fact, how we reach balance. Or, at least, this is one of the possible ways to reach balance. My main point isn't so much about behavior of the people, it's just a simple principle that the only real wealth is wealth in goods, services and physical assets, and the only way for wealth to grow is for such assets to be produced. Note, I am here not talking about consumerism. Consumerism is spending on consumable or disposable goods. But "stacking sats" will also disincentivize people for buying durable goods and building stuff, as long as "stacking sats" gives you greater returns. Eventually some for of collapse, or should I say, rebalancing, is almost inevitable, as, if people don't build stuff, there won't be enough stuff for the ambitions of all those sats that have been stacked. 3. I hope you're right here, and I hope most bitcoiners are reasonable. But the general culture around bitcoin is indeed dominated by the memes that I described (moons, lambos, hodling, etc...) and such culture is influential. Even here on this subreddit, the amount of bitcoin someone owns is seen as a status symbol or some medal for achievement. I think it's very hard to find any other subculture that's so deeply materialistic.

zjovicic

PART 1: Cyclical bubbles and gambling: 1/2. It wasn't so much the criticism of bitcoin as such, but more of the outcomes it has created for many people by making risky investing popular. While you can adopt a smart strategy like DCA, the fact is that most people don't do it, so they lose. Studies have shown that most of the bitcoiner investors lost money so far (https://www.cnbctv18.com/cryptocurrency/around-80-percent-of-bitcoin-investors-have-lost-money-says-a-study-15347461.htm) - so it's maybe even 80 percent. This also explains the concentration of wealth in hands of whales. In each cycle their bitcoin holdings grow at the expense of less sophisticated retail investors. If something is made with best intentions possible, but people are not mature enough to use it in beneficial ways, and there's a potential for harm, it's still irresponsible giving such a tool to people... if you know in advance that people will mostly gamble and not DCA. 3. This criticism is valid for the current phase in which bitcoin is just a speculative asset, that has outperformed stock market so far. I don't know how long it will last, but I think that generally taking money away from the stock market is bad for the economy. However, if current stock market is overheated and overblown, it might even be beneficial at the present time. But as a general principle, pulling away money from stocks isn't so good for the economy. In later phase when bitcoin stops growing fast, this will no longer be a valid criticism, as I think SP500, will once again, start outpacing the bitcoin, as it should.

el_rico_pavo_real

Bought BTC yesterday, bought more FBTC today. I'M DOING MY PART!

littleclinti1

Eny one wants to buy my bitcoin REPLY P,M,A CLINTI IS BK YES IM STILL ALIVE CLEAN AND TIDY Swansea LOVE STORY PART 2 HERE I COME.IV DONE IT ALL PEPS AND THE WANKER THAT SAID I WAS JAIL YOUR ARE FUCKING I KNOW WERE YOU ARE,OR FUCK IT IM Taking YOU TO COURT AS YOU FUCKET AROUND WITH THE ONE AND ONLY LITTLE CLINTI ENY WAY ENY ONE THAT WANTS TO WORK ON YOUTUBE WITH ME GET BK TO ME PLEASE GOOD NIGHT ALL LITTLE CLINTI CLEAN AND WELL STILL ALIVE AND GETTING MARRIED SWANSEA LOVE STORY THE ONE LINTI CLINTI ,PS LEE Dennis IS ALIVE TOO GOODNIGHT ALL CLINTI...

XoLife1Don

>I recommend that you dont buy more bitcoin than you can comfortably afford to lock up for a period of 4yrs. Think of this as a long term investment. As of yet, no one who has invested in bitcoin over a 4yr time period has ever lost out, regardless of what price action happens on the trend line. > >To many here, we enjoy these major dips in price because it means (We believe) that Bitcoin is "On sale" during those times. We use it as a signal to buy more “cheap” Bitcoin before the price rises again. Because Bitcoin is pure limited asset, it will forever increase in popularity and adoption due to its use cases, it’s a tool box. Thus the value and price will increase over subsequent years, so we don’t worry about 1hr, 1day time frames, we look at the bigger picture over 1-4year time spans. > >Dollar cost average (DCA) is a strategy where instead of investing in a large amount in one go, you make smaller purchases over a longer period of time. Thus it lowers your average buy in price. > >To illustrate this, lets start with £1000 savings: > >\>If you keep your money in the banking system, if inflation stays at 2.5% for the next two years, your £1000 would have a purchasing power of approximately £952.38 in two years time. > >\>If I bought £1000 worth of Bitcoin at price of 36k today, by the time it reaches 50k in two years time the profit youd likely make would be around £376 that’s an 37.66% increase. So youd have £1376 in two years. > >\>But if I bought £41.6 worth of bitcoin every month, for 24 months at different prices like 36k, 32k, 45k, 32k regardless of the trend line movements “volatility”. This would mean your average “buy price” during that two year period for you would be £32200 NOT £36000. Youd therefore make £539 from that new position which is an 53.95% increase. Both the average price of my bitcoin is cheaper and also you stand to make more profit at the same time. In this case you’d have £1539 after two years doing DCA. Just a rough example. > >If you had increasingly bought at higher and higher prices without any low prices then of course your average price would be greater than if you had just bought one lump sum at 36k. But that’s not how bitcoin works. It has momentum, peaks, dips and sudden drops. So DCA is taking advantage of that to create an average lower price. > >\*\*\*Personally i put the amount i was going to use for DCA into my trading account automatically via direct debts from my bank, and have fiat money just sit there. That way i have £££ ready for when i see whales create large dips in price this month/week. > >I enjoy doing manual buy points as something to do in the evenings vs the convenience of setting up DCA on an exchange and forgetting about it. What makes this approach "DCA-Like" for me is that im still averaging my Buy Price vs just buying it in one go. > >I only use DCA on a automatic weekly in my trading account when i intend to spend long periods of time away from the market, screens and the constant price checking lol. > >\*\*\*Important: £50 doesnt sound like much, but its better than no Bitcoin at all. Invest when youre ready and able to, and dont sweat it if you cant, i wan to let you know that you are still early on this!. Continue with DCA each month, and spend ONLY what we can comfortably afford, after all the bills and eventualities are taken care of, after life is taken care of. Using only spare cash and savings. Then, when you see the dips happen, you can also choose to buy extra during those moments if you wish. > >Use a website called Tradingview, sign up, and ADD the ticker for bitcoin which is BTCUSD for dollars or BTCGBP for pounds etc, then select the exchange you are using. https://www.tradingview.com/ > >Hes some “maker/taker” fees from popular exchanges. This is the fee you pay when making a buy or sell order: > >Coinbase 0.4%, 0.6%Kraken 0.16%, 0.26%Binance 0.10%, 0.20% > >Its worth keeping a record of every "Buy" amount that you make. You can download data from the account “orders” section “download statements”. This is so that you can work out your "Average buy price". This is your personal number vs what the trend line is doing. That way youll be able to SEE when Bitcoin is on sale for you or not, from your perspective. Place a horizontal line on the chart to represent this, click on the cog and put in your average buy price. > >So in summery, if you intend to just buy bitcoin and hold it, continue with DCA daily/weekly/monthly your choice. Then be aware of the price, and when you SEE dips happen (not guess what might happen next) you can buy more if you wish. This is what we mean by “Buy the Dips”. "Hodl" by the way is just slang for hold and dont touch it for 4yrs. > >When you have accumulated enough bitcoin on an exchange, and feel the risk of it sitting there out ways you paying "gas fees" to move it to a hot or cold wallet, then do so. Think of it this way, is it worth spending £25 in gas fees to secure £2000 worth of BTC that cannot be confiscated or taken from you? Having it sit on an exchange is an implied risk because some companies can and do fold. Also the money you see on the exchange is only an IOU, you dont actually own bitcoin until you take it off the exchange yourself and transfer it to your own wallet. This is called self custody. Research videos on “how to self custody bitcoin”. > >When you do this, you can safely share your “public wallet address” with people so that you can to receive funds into it. But NEVER share you “private keys” or “seed phrases” with anyone. Having possession of those ones means they can access your funds, steal it and lock you out. PART 2 NEXT >>> Excellent breakdown and that's a great strategy I will definitely integrate this into my Plan, I also started a Forex account which will also aid with my investment into crypto

AtensLight

Hi, ive put together some helpful tips & strategies, to get you started if you choose to do so: I recommend that you dont buy more bitcoin than you can comfortably afford to lock up for a period of 4yrs. Think of this as a long term investment. As of yet, no one who has invested in bitcoin over a 4yr time period has ever lost out, regardless of what price action happens on the trend line. To many here, we enjoy these major dips in price because it means (We believe) that Bitcoin is "On sale" during those times. We use it as a signal to buy more “cheap” Bitcoin before the price rises again. Because Bitcoin is pure limited asset, it will forever increase in popularity and adoption due to its use cases, it’s a tool box. Thus the value and price will increase over subsequent years, so we don’t worry about 1hr, 1day time frames, we look at the bigger picture over 1-4year time spans. Dollar cost average (DCA) is a strategy where instead of investing in a large amount in one go, you make smaller purchases over a longer period of time. Thus it lowers your average buy in price. To illustrate this, lets start with £1000 savings: \>If you keep your money in the banking system, if inflation stays at 2.5% for the next two years, your £1000 would have a purchasing power of approximately £952.38 in two years time. \>If I bought £1000 worth of Bitcoin at price of 36k today, by the time it reaches 50k in two years time the profit youd likely make would be around £376 that’s an 37.66% increase. So youd have £1376 in two years. \>But if I bought £41.6 worth of bitcoin every month, for 24 months at different prices like 36k, 32k, 45k, 32k regardless of the trend line movements “volatility”. This would mean your average “buy price” during that two year period for you would be £32200 NOT £36000. Youd therefore make £539 from that new position which is an 53.95% increase. Both the average price of my bitcoin is cheaper and also you stand to make more profit at the same time. In this case you’d have £1539 after two years doing DCA. Just a rough example. If you had increasingly bought at higher and higher prices without any low prices then of course your average price would be greater than if you had just bought one lump sum at 36k. But that’s not how bitcoin works. It has momentum, peaks, dips and sudden drops. So DCA is taking advantage of that to create an average lower price. \*\*\*Personally i put the amount i was going to use for DCA into my trading account automatically via direct debts from my bank, and have fiat money just sit there. That way i have £££ ready for when i see whales create large dips in price this month/week. I enjoy doing manual buy points as something to do in the evenings vs the convenience of setting up DCA on an exchange and forgetting about it. What makes this approach "DCA-Like" for me is that im still averaging my Buy Price vs just buying it in one go. I only use DCA on a automatic weekly in my trading account when i intend to spend long periods of time away from the market, screens and the constant price checking lol. \*\*\*Important: £50 doesnt sound like much, but its better than no Bitcoin at all. Invest when youre ready and able to, and dont sweat it if you cant, you are still early on this!. Continue with DCA each month, and spend ONLY what we can comfortably afford, after all the bills and eventualities are taken care of, after life is taken care of. Using only spare cash and savings. Then, when you see the dips happen, you can also choose to buy extra during those moments if you wish. The reasoning behind I do this is, why have my savings stored in a shitty bank account losing value and purchasing power over the coming years due to inflation? When I could be storing my savings in Bitcoin and gain access to its growth. I can always access the money stored as Bitcoin back into Fiat for lifes challenges IF and when I need to later on. Use a website called Tradingview, sign up, and ADD the ticker for bitcoin which is BTCUSD for dollars or BTCGBP for pounds etc, then select the exchange you are using. https://www.tradingview.com/ Hes some “maker/taker” fees from popular exchanges. This is the fee you pay when making a buy or sell order: Coinbase 0.4%, 0.6% Kraken 0.16%, 0.26% Binance 0.10%, 0.20% Its worth keeping a record of every "Buy" amount that you make. You can download data from the account “orders” section “download statements”. This is so that you can work out your "Average buy price". This is your personal number vs what the trend line is doing. That way youll be able to SEE when Bitcoin is on sale for you or not, from your perspective. Place a horizontal line on the chart to represent this, click on the cog and put in your average buy price. So in summery, if you intend to just buy bitcoin and hold it, continue with DCA daily/weekly/monthly your choice. Then be aware of the price, and when you SEE dips happen (not guess what might happen next) you can buy more if you wish. This is what we mean by “Buy the Dips”. "Hodl" by the way is just slang for hold and dont touch it for 4yrs. When you have accumulated enough bitcoin on an exchange, and feel the risk of it sitting there out ways you paying "gas fees" to move it to a hot or cold wallet, then do so. Think of it this way, is it worth spending £25 in gas fees to secure £2000 worth of BTC that cannot be confiscated or taken from you? Having it sit on an exchange is an implied risk because some companies can and do fold. Also the money you see on the exchange is only an IOU, you dont actually own bitcoin until you take it off the exchange yourself and transfer it to your own wallet. This is called self custody. Research videos on “how to self custody bitcoin”. When you do this, you can safely share your “public wallet address” with people so that you can to receive funds into it. But NEVER share you “private keys” or “seed phrases” with anyone. Having possession of those ones means they can access your funds, steal it and lock you out. PART 2 NEXT >>>

mxl01

STOP SAYING “soar”!!!! “soar” IS NOT PART OF THE BIP LIST!!!!!

Independent-Space-23

tell me you didnt read what I wrote, without telling me you didnt read what I wrote. tell your A.D.D that today is the day you make your stand and refuse to be cucked by fiat culture where everything has to be explained and given to your immediately with no effort, and re read what I wrote ESPECIALLY THE LAST PART WHERE I COMPARE THE METAL FUTURES MARKET AND BITCOIN YOU HOPELESS APE here, let me do it for you so your inner fiat child can be coddled, like consumer culture coddles you in order to take your finite energy, attention and pseudo fiat wealth: ​ >The answer is that gold derivatives have created a vast imaginary supply of gold -- a supply of paper certificates for gold that does not exist but for which delivery has not been demanded. That's because most gold investors leave their gold purchases on deposit with the investment banks that sold them only promises of imaginary gold. > >Bitcoin fixes this through a publicly held supply check, called the blockchain. Unlike other ledgers, it requires proof of work, not proof of "I run the financial system, I get to fudge the numbers as I please screw you cuck." If you try naked short sell bitcoin, I ask for the ID of your transaction, that must involve real BTC and is for all to see, and see if you really did send X bitcoin to the broker\\exchange in question. PUBLICLY AUDITABLE SUPPLY CHECK CALLED THE BITCOIN BLOCKCHAIN, NOT THE GOVERNMENT SAYING "I have the gold, are you questioning the government whether I actually have the gold? let me lease (borrow and return fyi) the gold from our bank friends at a time and place convenient for us, and put you under our secret surveillance list real quick"

Self_Blumpkin

There’s no single wallet. You can start at the genesis block and use the bitcointalk forums to make guesstimates as to how many of those early wallet addresses belonged to Satoshi. The general consensus is that up to 1 million coins belong to satoshi - satoshi being either a single person or a group of people, either Alive or dead. If one of the satoshi project people is still alive it’s possible they have PART of the private keys to these wallets. But if one of them died / disappeared, that would leave the funds frozen to the others that have the rest of the key. Personally, I think satoshi was dead and I think it was Hal Finney. If he / she is alive they must have enough money that they don't need those coins. Not selling all these years is very contradictory to how humans operate in a capitalist society.

tika_dengu

PART

CapableHair429

I think you are confusing ETP’s with ETC’s. ETC’s are not necessarily trades funds, but rather financial instruments which don’t necessarily have to have backing. ETP’s are the main set of trades instruments; of which ETF’s, ETN’s, and ETC’s are PART OF. If you want to think of it in terms of food. Steak (ETF’s) are red meat, chicken (ETN’s) are poultry, and fish (ETC’s) is seafood….however they are all protein (ETP’s) So….did the SEC approve Bitcoin as an ETP? Yes…absolutely. Did they approve Bitcoin as an ETF? Yes…absolutely. They approved Bitcoin as an ETF; which by natural logic means it is ALSO an ETP. https://leverageshares.com/en/insights/what-is-the-difference-between-etf-and-etp/#:~:text=ETPs%20are%20a%20broader%20category,are%20a%20subset%20of%20ETPs.

sandworm87

Don't forget [BasicSwap DEX](https://basicswapdex.com/) which has been live for over a year now and supports atomic swaps between BTC, XMR, PIVX, PART, DASH, FIRO and LTC.

fresheneesz

> you will find plenty of cases You can always find cases of people being idiots and getting burned. That doesn't mean hardware wallets are unsafe. You of course need to properly use them. > they are still text based, and can be stored just the same. Yes they are text, but storing text is not anywhere near the only thing you need to do with keys. Private keys are static and are only PART of your HD wallet (which is the best practice kind of wallet these days and has been for years). If you generate a wallet with a seed, you should NEVER deal directly with private keys unless you're an expert who knows what they're doing, which anyone reading your comment is almost definitely not. > From one single seed you cannot generate an infinite number of keys, otherwise there would be private key collision from everyone else. You are wrong. Your confidence in your knowledge is misplaced. Please stop now and do some goddamn research. Your simultaneous confidence and ignorance is pissing me off. Have some fucking humility and read more. YOU ARE WRONG. A. Yes an infinite list of keys is generated by all HD wallet seeds B. No there are no collisions because the keyspace is so unimaginably vast that you wouldn't be likely to generate two of the same keys from different seeds even if you tried for the lifetime of the universe! LOOK IT UP. Your intuition is not sufficient to learn this stuff. > You do not realize Fuck your misplaced confidence. You have no fucking idea what I realize. You don't know me. And you know MUCH less than you seem to think. The fact that the blockchain uses private keys is IRRELEVANT to my point. > You only use your seedphrase to recover your private keys This is only possible BECAUSE private keys are generated using the seedphrase. You CAN generate bare private keys and use them, but this is NOT best practice and is NOT how most bitcoin software does it these days. Please read: your information is shit and you are not qualified to give information and advice to others in this area. STOP FUCKING DOING IT. Do you really want to be indirectly responsible for other people losing their bitcoin because you gave shit advice? No you don't. So do A LOT more reading before you start feeling confident in giving advice. Its infuriating to see people like you confidently tell newbs idiotic bullshit that will likely cause them immense pain in the future. Shut the fuck up if you don't know what you're talking about.

xlf42

1. get yourself a wallet, a wallet on your smartphone will be perfectly fine if you're starting with a small amount (lets say... similar to what you earn per day or so), use a search engine with "bitcoin wallet <yoursmartphoneoperatingsystem>". 2. configure the wallet, this involves reading and noting down 12 or 24 words and storing them in a safe place (DO NEVER SKIP THAT PART!) 3. learn, how to operate the wallet to receive Bitcoin 4. the lowest barrier might be using a Bitcoin ATM to use cash to buy your first Bitcoins (rather satoshi, as you won't and shouldn't set aside so much in your first try), so use a search engine "Bitcoin ATM <yourhomecountry>". This won't be the cheapest way, but it will get you some initial funds to get a feeling, how it works. 5. Maybe your wallet has a "buy bitcoin" button, feel free to see, how it works for you (it will require some signing up with some exchange)

el_rico_pavo_real

It’s wild to think how many individuals AND entities exist with this kind of purchasing power. I will continue my random $1-2K Lump Sums and Weekly $100 DCA. I’M DOING MY PART!

AbysmalScepter

This is a "feel good" ad since it's true, but it's so shameless to imply crypto is even better. Let's just disregard the sector's blow ups over the last 2 years, from 3AC to FTX to Luna. This ad is run by Coinbase, which is very intentionally doing its best to be PART of the system. Publicly listed, uses treasuries to earn yields, rentseeker making bank of customers' trading fees, etc.

Serious_Ocelot_9836

>it’s a long string There are multiple representations of a [private key](https://en.bitcoin.it/wiki/Private_key). Some are: * raw hexadecimal private key: 64 characters long (made of numbers and letters A-F). * (standard) WIF key (Wallet Import Format): 51 characters long, starts with number 5 or 52 chars long starting with capital letter L or K. * mini private key format or mini WIF: 30 characters starting with capital letter S. * in the case of WIFs of any kind, other characters in the string are made of [base58check character set](https://www.cs.utexas.edu/users/moore/acl2/manuals/current/manual/index-seo.php/BITCOIN_____A2BASE58-CHARACTERS_A2). You may also have a [BIP39 seed phrase](https://github.com/bitcoin/bips/blob/master/bip-0039.mediawiki) which is made of 12, 15, 18, 21 or 24 short words. There more esoteric options out there not widely used like BIP32 extended private (long string starting xprv...). DO NOT GIVE THE KEY YOU HAVE TO ANYONE. YOU MUST NOT GIVE EVEN A PART OF THAT KEY because if you reveal to much of it (and you don't know how much is too much), it may be possible to discover the rest of it and steal your Bitcoins. However, it is safe to indicate which one of the above you have.

IndicationFront1899

I don't need a crystal ball because that's not how this works. **PART OF THE PLEA DEAL STIPULATES THAT BINANCE.COM MUST EXIT THE US MARKET 100%.** Binance was absolutely fucked. You think CZ wants to go to prison and Binance wants to pay a $4 billion dollar fine? They had no other choice. Next time actually read shit before spouting your stupid opinion.

DistinguishedJB

The Dollar Endgame: PART 1, “A New Rome” https://peruvianbull.medium.com/hyperinflation-is-coming-the-dollar-endgame-part-1-a-new-rome-65a4caf59f51

MiceAreTiny

So,... most people on here have 'beer money' in bitcoin, at most 'second hand pickuptruck' money. You can do whatever with it, it is not going to matter a lot... However, once you have retirement money or multiples of your yearly income money, you need to think further than Yolo hodl. Moon, NGU when lambo? You consider it an investment, and you consider bitcoin to be part of your investment portfolio. PART. Every idiot that goes 100% in has no money to begin with. Set up a financial plan, an asset allocation and a risk tolerance that fits for you. This could be 5% cash, 50% stock, 20% bonds and 25% bitcoin for instance. After that, it is simple, stick to the asset allocation in your plan. If bitcoin goes up 100%, you sell bitcoin until it is only 25% of your entire portfolio. You do not sell for fiat, you sell for other assets, like stock in coca cola or johnson and johnson, or simply the SP500 ETF (let the downvotes come). Then, when your portfolio reaches 25-30x your yearly expenses, you go and tell your boss to go fuck himself, and enjoy the rest of your life. Does that make you not a believer in bitcoin? No. It makes you use bitcoin and increase your life happiness. And at the same time, derisk from a volatile risky asset. Is this the optimal strategy? That can only be assessed after the fact, so there is no way of knowing.

AsiaLounges

While you should invest A PART of that in Bitcoin for security, one should never invest 100% into a single asset, specially if that’s the entirety of your revenues. Consider bitcoin to be a saving account that you are willing to lock for 5-10 years, do you have the willpower to let your hard earned money stuck in there regardless of ups and down ? Agreed, you could sell and move on before then if you so wished but, if you’re in for the quick buck, you’ll be wiped out at the first pull back of the market and you’ll be disappointed/ turned of by the asset. If I were you, and you truly intend to invest all of that money, ladder in slowly whatever you are comfortable “loosing”. Assume that whatever you pull in won’t come back. Not because you will, but because if you truly get orange pilled you won’t want to turn back your btc into fiat :) And with this I rest my case :) P.S. most of my liquid savings are in crypto with 70% of that being in btc but, I still have other hard assets in case the shit hits the fan / that allows me to generate money to pay daily expenses in my company / life as well as to keep in stacking sats :) good luck on your journey young one

automatedcharterer

Funny the CEO stating illegal activities are bad.... Lets see. Here is the form ADV from just one of their numerous companies. [JP Morgan Securities LLC](https://reports.adviserinfo.sec.gov/reports/ADV/79/PDF/79.pdf) in the 396 page PDF if you search for the term "Monetary/Fine" you can find every time they got fined for breaking the rules / law. Its just an endless stream of crime..... And this is only one subsidiary of all of JPM that does one aspect of stocks. >THE ORDER REQUIRES JPMC TO PAY A CIVIL MONEY PENALTY OF $200 MILLION, WHICH WAS PAID ON SEPTEMBER 19, 2013. AS PART OF THE SETTLEMENT, JPMC ACKNOWLEDGED THAT ITS CONDUCT VIOLATED THE FEDERAL SECURITIES LAWS AND ADMITTED TO CERTAIN FACTS, SUCH AS BUT NOT LIMITED TO: THAT JPMC'S TRADERS MISMARKED THE SYNTHETIC CREDIT PORTFOLIO ("SCP") AS LOSSES MOUNTED AND AS A RESULT OF THESE MARKING PRACTICES, THE SCP TRADERS INTENTIONALLY UNDERSTATED MARK-TO-MARKET LOSSES IN THE SCP; JPMC'S EARNINGS RELEASE FOR THE QUARTER ENDING MARCH 31, 2012, INCLUDED THE UNDERSTATED LOSSES FOR THE SCP, AND JPMC SUBSEQUENTLY ISSUED A RESTATEMENT WHICH HAD THE EFFECT OF MOVING SCP LOSSES FROM THE SECOND QUARTER TO THE FIRST QUARTER OF 2012

solarman5000

[https://particl.io/coin](https://particl.io) PART is a fork of BTC, with features from XMR added. Pretty cool I think

MrMogz

I’ve thought it for years, either he WAS Satoshi or he was PART OF Satoshi. Without a single doubt.

TheOneWhoCared

AND WE ARE PART OF IT!

126270

"strict crypto regulation" I mean, we had over 250 years of "strict banking regulations" in place and SVB was still committing massive fraud while the co-author of the Dodd-frank bill was PART OF THEIR BOARD OF DIRECTORS. Heck, the fed even paid millions for his bonus right out of taxpayer funds... So yea, lets get that "strict crypto regulation" in place to "save us" lololololol

PokeVentRoss

No, no, it’s was very much made to REPLACE the current financial shit show, it was made very much to make fiat redundant. If it becomes PART of the financial system we currently have, then we have failed, and crypto is no more.

somerandomcanuckle

No. That would be foolish. The only free lunch in investing is diversification. BTC is an asset class that should be PART of the mix not all of it.

dubyasquared

NCIS NEW ORLEANS ‘LEDA AND THE SWAN, PART II Was from 2014. So pretty on point for use-case at that time. You can read the transcript here. https://tvshowtranscripts.ourboard.org/viewtopic.php?f=35&t=42582 Probably search Bitcoin on the site for others too.

cryptoripto123

This is why I said... you already had that chance with where crypto is today. You had that chance with many stocks (TSLA, AAPL, other FAANG stocks, etc.). Ask yourself why you weren't there and how if it's so easy why isn't everyone else filthy rich from all these massive moons? This is why as much as I'd love to be super lucky too like winning the lottery or finding the next moon coin, I advise people to think of crypto as a PART of their asset allocation. Make sure you focus on making money from a good paycheck. Put money into safer investments like ETFs and 401ks. Max out your 401k or IRA before you start throwing thousands into crypto. Build up your house fund or your kids' college fund first. It's fine to throw $100 into crypto for every $1000 you put into 401k, but you shouldn't be putting $100 into crypto when you've put $0 into your long term savings. Don't get hurt kids.

yesweyolo

Remindme! 700 days I NEED TIME FOR THE GOOD ENDINGS PART

HODL-THE-LINE

I guess more like a PART of physical art. So in theory you could own 0.00001 % of Mona Lisa.

Umpire_State_Bldg

> What's the point of working ...? For me, living my childhood dreams -- that's been the point of working. I started in poverty with nothing and WORKED my way up. Now I drive a decent car, one that doesn't break down all the time... one that I never have to fix - I can pay the mechanic. I no longer live in roach-infested apartments with thin walls, noisy plumbing and obnoxious neighbors. I live in a dream home in a very nice part of town with my loving partner. I can go to just about any store or restaurant and buy whatever I want, as much as I want. I can drink whatever brand of wine, beer, or booze I want - no need to shop by price. I can still go car camping if I choose, but I often choose to vacation in places like Paris, staying in fine hotels and eating at fine restaurants. I **worked** and earned the ability to make that choice. I don't owe anybody any money. Am I the richest person I know? Not by a long shot when measured in fiat currency. Still, I get to live out my dream life. Am I making the owners of the companies I work for rich? Hell yeah - that's my job, that's why they hire me. I'm okay with that. They pay me well because I spend the time and effort to keep learning new skills to allow me to earn more and more. If you're stuck in a dead end, minimum wage job, either do what I did or shut the fuck up and learn to enjoy the life and career you choose. **HERE'S THE BEST PART:** Along the way, I learned a lot of things: * You won't be happy having what you want until you learn to want what you already have. * You can be rich and still be miserable. * You can be poor and still be happy. * Be thankful in **all** situations (easier said than done). * Take care of your health - or else. * Get enough sleep. * Relax. * Be patient. * Never stop learning.

harshcougar

Crypto is PART of the problem. It's like the idiots that say guns dont kill people, people do. Yeah ok sure, but guns are literally a tool with a singular purpose, which is killing. I say this as someone who has guns and respects the 2nd amendment - while also acknowledging that guns make it much easier to kill people. It's the same with crypto. Scammers are attracted to crypto because it's a great tool for scamming people. There are so few viable legal use cases for crypto, because a decentealized public ledger isn't actually a good thing for most legal endeavors. Everything is a tool. Everything can be misused. Saying "crypto isn't a scam people are scammers" is a nothing statement. The reality is that the crypto world has become filled with a bunch of con people all trying to pull one over on the few people still thinking they're gonna get in on the ground floor of the next Bitcoin. You're not. Treat it as an investment. It's a gamble. But there is nothing game changing about crypto anymore.

cryptoripto123

1. Have some basic financial knowledge. 2. Get a job and a steady income 3. Worry about your fiat life first and set that in order before you get into crypto. 4. Crypto should be a PART of your asset allocation, not the whole thing. 5. I believe a max of 5-20% of investment into crypto is fair. The numbers may differ if your 5% moons and becomes 95% but that's not that many of us. My fiat life has been 100% independent of crypto and I as a millennial was able to buy a home, so success isn't only obtained through crypto. Working hard, working smart are still your best bet for success, not hoping your coins moon.

codece

PART TWO: > Blockchain analytics provide law enforcement investigators with an important piece of the blockchain puzzle—mapping the flow of cryptocurrency belonging to specific people and groups. Greater regulatory scrutiny of cryptocurrency exchanges has also helped. Exchanges have stepped up systems to identify the parties they do business with—under so-called know-your-customer requirements—and are more responsive to law-enforcement inquiries. > > A host of blockchain-analytics companies, including Elliptic and CipherTrace, which is owned by MasterCard Inc., have sprung up. Many of them have hired federal investigators who spearheaded the government’s first cryptocurrency investigations. > > Ransomware victims worldwide paid at least $457 million last year to bitcoin addresses controlled by criminals, according to Chainalysis. Ransomware refers to hackers locking up a computer network by encrypting hard drives and demanding money to reopen them. Blockchain-tracking techniques have made it possible for federal officials to recover more stolen funds, which has contributed to a slowdown in ransomware payments. The DOJ has seized about $40 million in ransom payments as of November, according to Eun Young Choi, the director of the DOJ’s national cryptocurrency enforcement team. > > In January, about 150 people gathered at a Palo Alto, Calif., community center to learn more about the new investigative tools, including a Los Angeles County Sheriff’s Department detective, a prosecutor from New York’s Queens district attorney’s office and a police cybercrime investigator from Calgary, Alberta. > > Conference organizer Erin West, a Santa Clara County, Calif., prosecutor, described how her county recovered more than $2 million in stolen funds last year from victims of an online scam known as “pig butchering.” The scheme involved offshore criminals befriending victims via text and persuading them to put money into phony crypto investments. > > Chris Janczewski, a former IRS agent and now the head of global investigations at TRM Labs, told the story of his rise from auditing small-town tax cheats to his work helping break up a global child-pornography distributor. Like many pioneering blockchain investigators, Mr. Janczewski said he was largely self-taught. > > “Chris is the real deal. He’s a detective’s detective that happened upon cryptocurrency at just the right time and figured out how to use the blockchain to identify horrific perpetrators of crimes worldwide,” Ms. West said. “He didn’t have any tools at that time. He just figured stuff out as any good detective would.” > > Mr. Zhong told people he had been bullied growing up in Georgia. As a high-school junior, pranksters pulled down his pants while he was at a football game, according to court documents filed in his defense. “I always hated school,” he said in the documents. “At least upstairs in my house, I was myself being on a computer.” > > Computers also provided a financial escape. Mr. Zhong was a cryptocurrency pioneer, who in 2009 was mining hundreds of bitcoins a day. They weren’t worth much at the time. But by the time he was in college, he converted some of his digital wealth into $700,000 in cash. He wanted to have a “case full of money like in the movies,” Mr. Zhong said, according to a psychological assessment filed with the court. “He hoped the visual appeal of the cash would impress a female into having sexual relations with him. He stated his plan did not work.” > > For five years after the Silk Road theft, Mr. Zhong sat on his digital treasure. In 2017, he embarked on a $16 million spending spree, much of it spent trying to win friends, according to court papers and his lawyer, Michael Bachner. Mr. Zhong gave away 258 bitcoins, many of them on digital devices each loaded with 50 bitcoins and now worth close to $1.5 million. He hosted friends on chartered planes and boats, at sporting events and in fancy hotels, according to court papers and Clayton Kemker, a former bond salesman who became Mr. Zhong’s business partner. > > Mr. Zhong made his big mistake on Dec. 16, 2020, according to court records and an analysis of his bitcoin transactions by Elliptic. He combined crypto funds the IRS had linked to the Silk Road thefts with legitimate funds he kept in a cryptocurrency exchange. > > With Mr. Zhong’s Silk Road link in hand, authorities went to the bitcoin exchange that handled the transaction. The exchange gave IRS agents an IP address, 45.20.67.1, and Mr. Zhong’s internet service provider confirmed that he had been using that address since 2016. A month later, federal agents searched Mr. Zhong’s house and found the digital storage devices that helped clinch the investigation. > > The government seized more than 50,000 bitcoins from Mr. Zhong, which at the time were worth $3.36 billion. A DOJ spokesman declined to comment on the case. > > Messrs. Zhong and Kemker had planned a real-estate development that was to encompass 340 apartments, 60,000 feet of retail space and a rooftop bar in Memphis, Tenn. Mr. Zhong pledged $42 million for the project, which has since been abandoned, Mr. Kemker said. > > The partnership with Mr. Zhong cost him his life savings, Mr. Kemker said. “He didn’t know how to navigate the business world. He just knew coding and tech.” > > Write to Robert McMillan at robert.mcmillan@wsj.com

PopDukesBruh

I bought .005 today… DO YOUR PART!!!

Temporary_Privacy

The window of this chat box is getting smaller and smaller. At least in my GUI here. 1) Comparing the US with other Nations still makes sense, looking at an overall picture. States also don't have their own foreign policy and still follow the overall agenda. You could look on it on a state for state basis, but you also have different states in other countries. European countries are also divided in states with different laws, while they are mostly far closer together with their legislation. 2) The HDI is just a number. I don't really want to go into the HDI that deep, It's still only a number to accumulate different factors together. Undoubtably, there is a correlation between how life is going for the general population and the ranking in the index. This number will fall short in a lot of aspects, but I could make the same argument by looking into the health system or private finances of a population and will get roughly the same results. At the end this was just everything for the naive saying: More socialistic system, better ranking. \_ \_ \_ \_ IMPORTANT PART starts here (the PART ABOVE IS NOT SO IMPORTANT) \_ \_ \_ \_ \_ \_There was on part I actually have to say something about, because it kind of bizare from my point of few. Your are saying:"As such, this index makes such a claim that perhaps sqrt3(0.2 \* 1.0 \* 1.0) = 0.585 and sqrt3(0.5 \* 0.5 \* 0.5) = 0.5, which in other words says "A country where you almost certainly die very early is still better than country where you get less education and earn less income". This is absolutely ridiculous of course."In your example: case 1 - you would live 37 Years on average with very high education with super wealthy country. case 2 - you would live 62,5 Years on average with less than 8 years of school (so fairly uneducated) and a gdp per capita of around 2738 Dollars/year. It's like living in Ghana or may be closer to the republic /rep./ of Kongo from an economy standpoint.So to break down your example the question is: Would like the question would you like to live 62,5 years in Congo or 37 years in Singapore/Norway ? 4.1) This is not a model to make predictions about personal choice or a strict hierarchy. There is an underlying assumption, but it is not the purpose of this model. There is an own discipline that will evaluate these choices and what people would consider better. 3.2) This is a model to compare different nations in the boundaries of a certain degree of complexity. The multiplication is used to generate a factor that depends on all the other factor and will rise with them if they increase. We could even ague that it includes a penalty if one factor is very low compared to the others. 3.3) and also you ARE VIOLATING THIS MODEL, by creating an artificial scenario which does not appear natural. The numbers are correlated, which means that you will not see a country with statistics like Case 1. I don't even feel like you broke the model, with your example, but it's also out of the scope of anything you will probably see.You are criticizing a model FOR NOT BEING PERFECT in any aspect, which it's clearly not claiming to be. It's just a more or less "easy" to calculate factor to quantify something, which works astonishingly good. It is also clear that you can "put in" only a limited amount of information in one number. - - - REMARK - - - The far more interesting topic was the Bitcoin question. From the Last Part of my last answer.I don't really want to go into the HDI so much.

Temporary_Privacy

The window of this chat box is getting smaller and smaller. At least in my GUI here. 1) Comparing the US with other Nations still makes sense, looking at an overall picture. States also don't have their own foreign policy and still follow the overall agenda. You could look on it on a state for state basis, but you also have different states in other countries. European countries are also divided in states with different laws, while they are mostly far closer together with their legislation. 2) The HDI is just a number. I don't really want to go into the HDI that deep, It's still only a number to accumulate different factors together. Undoubtably, there is a correlation between how life is going for the general population and the ranking in the index. This number will fall short in a lot of aspects, but I could make the same argument by looking into the health system or private finances of a population and will get roughly the same results. At the end this was just everything for the naive saying: More socialistic system, better ranking. The window of this chat box is getting smaller and smaller. At least in my GUI here. 1) Comparing the US with other Nations still makes sense, looking at an overall picture. States also don't have their own foreign policy and still follow the overall agenda. You could look on it on a state for state basis, but you also have different states in other countries. European countries are also divided in states with different laws, while they are mostly far closer together with their legislation. 2) The HDI is just a number. I don't really want to go into the HDI that deep, It's still only a number to accumulate different factors together. Undoubtably, there is a correlation between how life is going for the general population and the ranking in the index. This number will fall short in a lot of aspects, but I could make the same argument by looking into the health system or private finances of a population and will get roughly the same results. At the end this was just everything for the naive saying: More socialistic system, better ranking. \_ \_ \_ \_ IMPORTANT PART the PART ABOVE IS NOT SO IMPORTANT \_ \_ \_ \_ \_ \_There was on part I actually have to say something about, because it kind of bizare from my point of few. Your are saying:"As such, this index makes such a claim that perhaps sqrt3(0.2 \* 1.0 \* 1.0) = 0.585 and sqrt3(0.5 \* 0.5 \* 0.5) = 0.5, which in other words says "A country where you almost certainly die very early is still better than country where you get less education and earn less income". This is absolutely ridiculous of course."In your example: case 1 - you would live 37 Years on average with very high education with super wealthy country. case 2 - you would live 62,5 Years on average with less than 8 years of school (so fairly uneducated) and a gdp per capita of around 2738 Dollars/year. It's like living in Ghana or may be closer to the republic /rep./ of Kongo from an economy standpoint.So to break down your example the question is: Would like the question would you like to live 62,5 years in Congo or 37 years in Singapore/Norway ? 1.1) This is not a model to make predictions about personal choice or a strict hierarchy. There is an underlying assumption, but it is not the purpose of this model. There is an own discipline that will evaluate these choices and what people would consider better. 3.2) This is a model to compare different nations in the boundaries of a certain degree of complexity. The multiplication is used to generate a factor that depends on all the other factor and will rise with them if they increase. We could even ague that it includes a penalty if one factor is very low compared to the others. 3.3) and also you ARE VIOLATING THIS MODEL, by creating an artificial scenario which does not appear natural. The numbers are correlated, which means that you will not see a country with statistics like Case 1. I don't even feel like you broke the model, with your example, but it's also out of the scope of anything you will probably see.You are criticizing a model FOR NOT BEING PERFECT in any aspect, which it's clearly not claiming to be. It's just a more or less "easy" to calculate factor to quantify something, which works astonishingly good. It is also clear that you can "put in" only a limited amount of information in one number. - - - REMARK - - - The far more interesting topic was the Bitcoin question. From the Last Part of my last answer.I don't really want to go into the HDI so much. 1) Comparing the US with other Nations still makes sense its overall picture. States also don't have their own foreign policy and follow the overall agenda. You could look on it on a state for state basis but you also have diffrent states in other countires. Eurpean countries are also devided in staates with diffrent laws, while they are mostly far closer together with theire legislation.

crusafo

You pose a point of view that is extremely interesting to me. Before I go further, I want to clarify that I support your decision to not accept crypto for payment -- this is your choice, your right, and your prerogative. Although I hope to persuade you to reconsider. I am a developer working on application(s) to assist business owners connecting with people who want to patronize a business with crypto payments, utilizing EVM compatible networks like Polygon, Cardano, BSC, Fantom, Arbitum, Moonbeam, etc. I am obviously biased because of my interest and the time I've staked into development, and my own hopes for finding success through my work. I find your post very interesting because you are my target market that I hope to convince to use my service: it looks like I've got a lot of work to do. After reading through this thread and seeing the majority of the people in here supporting your decision, I'm actually quite puzzled by their responses? (though I do find it wholesome the level of support they've given you) We talk a lot about our movement as a "power to the people" / "grassroots thing" but it sounds like the majority of commenters on this thread want/expect large corporations to be the tip of the spear -- that is to say they seem to want the most stodgy/conservative/old-school companies, who are completely plugged into the existing banking infrastructure and who receive preferential treatment from said banking structure, to lead the charge into a crypto mass adoption The reality is likely that those folks are going to be the laggards on the adoption curve, the very last of the last. IMO the large industry titans will not adopt crypto (as an accepted payment method) until they realize they are missing out on potential profits, then they will capitulate and splash down into the networks with all sorts of marketing/commercials crowing about how "innovative and supportive" they are for making their "bold and brave choice" to support crypto. To me, and speaking only for myself, mass adoption truly means crypto becomes a viable alternative payment method to traditional payment systems. This means that businesses small and large accepting crypto up and down the supply chain as an alternative payment, and potentially even including a future where employees can safely be paid in crypto, all without ever having to convert to fiat to conduct their own personal day to day business. This implies that businesses of all shapes and sizes getting onboard, not just the titans. If I may, I would like to respond to some of your concerns: "Crypto is volatile" -- Stable coins are a thing for a reason. Do stable coins have some issues? Yeah they do, but there are a lot of people working tirelessly to improve this situation and find solutions to those issues. If stable coins aren't your thing, other commenters have pointed out that there are settlement gateways that charge minimal fees and will instantly convert crypto received into your preferred local fiat. Presto chango. Additionally there have been rumors and rumblings about the Fed implementing a CBDC, which I despise, but nevertheless would be a cryptocurrency, which would more or less force all businesses to accept their CBDC as legal tender. "Tax complexity" -- I don't know where you are located, (disclaimer: I am not a Lawyer, always get certified financial/tax/legal advice) but here in the US the taxation becomes an issue when crypto is held as an investment -- mostly revolving around capital gains tax. If you were to use a crypto payment gateway like mentioned above, you aren't holding crypto at all, in fact it only hits your hands after its been converted to fiat. Your tax liability for capital gains is very likely nil (again this is not financial/legal/tax advice). "No good reason to adopt crypto" -- crypto was created in response to USD debasement -- aka "dilution" of the US dollar from the money printer going BRRRRRR, and banking crises like 2008, but the ultimate aim is to take the power of banking out of the hands of the elite and powerful and give it back to the people -- to blunt the edge of the weaponized financial system. I invite you to read the sobering five-ish part essay written by reddit user peruvian\_bull and posted over at superstonk titled "[Hyperinflation is Coming- The Dollar Endgame: PART 1, 'A New Rome'](https://np.reddit.com/r/Superstonk/comments/z8wus9/hyperinflation_is_coming_the_dollar_endgame_part/)" (I hope r/CryptoCurrency mods allow me to post that link, I'll take it down if they aren't happy with it; the links to the other parts of the series are in the header of the post). During the pandemic the US government minted 80% of the dollars in circulation, adding to the inflationary pressure we are all experiencing today, and you can be certain they will mint more dollars year after year, as congress hasn't had to actually deal with deficits -- they just abuse the system to print more and more -- since we were on the gold standard nearly 100 years ago). If you want to trust the Fed, and congress and big banks, you are of course allowed to do so, but to deny there aren't large cracks forming in the foundation of the global financial system is to deny reality. As a tangent, I find it fascinating that the people who've adopted crypto into normal routine daily life are living in places like Venezuela, that have experienced hyperinflation -- crypto has become the backbone of the thriving black markets for normal goods due to the hyperinflation of the Venezuelan Bolivar and is starting to make its way into everyday life. Countries like El Salvador adopting BTC as legal tender are also fascinating financial experiments too. It should be noted that the people living in these countries are largely "unbanked": living under sanctions, hyperinflation, or corrupt governments, or all of the above; meaning western banking systems refuse to offer them any service: they can't open accounts, deposit money, get debit/credit cards or get loans from western banks. Their literal only options are using local fiat or crypto. "Paying extra fees" -- if your business accepts credit card payments you are already paying fees, and you have the added risk of chargebacks. Crypto at least eliminates the chargeback risk -- all transactions are final. As for the fees, with a bit of work on your end you could potentially find a service with acceptable fees if you don't want to hold crypto. "Usage complexity" -- I actually agree with you on this point, the average person is so technologically inept they can barely manage operating a smart phone or internet browser let alone a crypto wallet. The industry is aware of this issue and is persevering in creating easier to use applications that cater to the "lowest common denominator". If people can figure out how to use apps like Paypal, Venmo, Zelle, etc., it seems reasonable to me that they would be able to figure out how a crypto wallet works... eventually... In conclusion, I wish you health, wealth, happiness, and freedom. I support your right to make your own decisions for your own best interest. My opinions don't matter, but I hope to be able to make you and others like you reconsider your decision to reject accepting cryptocurrencies. Thanks for making this interesting post, its definitely stimulated me and given me insight into the concerns of small business operators and ordinary consumers and given me things to think about, and for that I'm grateful to you and all the other commenters chiming in.

grndslm

This is the surface level answer. The underlying answer that 100% of the below comments missed is that Bitcoin is an unstoppable, uncorruptible, unconfiscable, non-counterfeitable, instantly verifiable monetary network that's literally designed to store its value over the long term (as it's monetary attributes are literally modeled after gold, hence the "digital gold" moniker).... AND THE MOST IMPORTANT PART.... is that it's based on the concept of trust minimization above all else. Anybody who has read the Whitepaper will see Bitcoin is all about trust minimization, which most other currencies sacrifice for some reason or another. The system is literally designed to work without ANY trust in ANY human intermediaries, because there really aren't humans in the system at all. Bitcoin is essentially the first AI network of storing and transferring monetary value... with no human decisions and no human trust necessary.

cryptoripto123

Sure, getting super lucky with price mooning is great, but how many of you have your finances in a good state? If you managed to put away $100 / month for the last 12 years since this Tweet, you'd have $25,000 while contributing only $14,000. I know that doesn't sound like a sexy return, but this is basic compounding returns that has existed forever. This is how people retire after working 30-40 years. Now you can ignore that, and hope you can get lucky and your investment into Bitcoin will be enough to retire with or you can do the smart thing and make both Bitcoin and traditional finances a PART of your portfolio. Diversification, and discipline are important. You may get super lucky or you may get super unlucky, but doing nothing is the worst of all.

mperklin

This marketplace uses its own blockchain for consensus, and demands payments be made using PART, their native token. BTC is not accepted.

cryptoripto123

You don't need to DCA out. That's why it's important that crypto is only a PART of your savings plan. If you're not DCAing into your regular savings, your 401k, your IRA, etc. then you're not supposed to be into crypto. People who DCA $75/month but have ZERO savings are effectively just throwing money at the lottery hoping to change their lives.

nofo11ow

So to finish /u/Jive_Turk's Q: I Someone trades BTC for stable coin on a DEX for more than what they acquired it. No 1099 forms. PART I = They must file CGT II Afterward swaps those stable coins for USD, there's no gain. Still no 1099 forms. PART II = no taxes are due.

peepoPuts

https://twitter.com/DeItaone/status/1615755576201314326 CRYPTOCURRENCY WEBSITE BITZLATO SEIZED 'AS PART OF A COORDINATED INTERNATIONAL LAW ENFORCEMENT ACTION' - NOTICE POSTED TO SITE bahahaha

massband

CRYPTOCURRENCY WEBSITE BITZLATO SEIZED 'AS PART OF A COORDINATED INTERNATIONAL LAW ENFORCEMENT ACTION' - NOTICE POSTED TO SITE pmpit

0010_0010_0000

Yeah agreed It's pretty telling when someone like Robinhood is even still allowed to operate despite getting hit with $50M+ in fines in 2020 and 2021 2 separate times for misleading investors and erroneous margin calls on 100,000s of customers. pay your fine, take your FINRA disclosure, and keep stealing people's money is their MO. They were accused of and paid the fines for the below once in 2020 and again for the same crimes in 2021. From FINRA they are in trouble because because they... NEGLIGENTLY COMMUNICATED FALSE AND MISLEADING INFORMATION TO ITS CUSTOMERS INCLUDING THAT THE FIRM NEGLIGENTLY MISREPRESENTED TO CERTAIN CUSTOMERS THAT CERTAIN ACCOUNTS WERE NOT MARGIN-ENABLED, FALSELY TOLD CUSTOMERS THAT THEY COULD DISABLE MARGIN, AND DISPLAYED INACCURATE CASH BALANCES AND BUYING POWER CALCULATIONS TO CUSTOMERS. ADDITIONALLY, THE FIRM NEGLIGENTLY MISREPRESENTED THE RISKS ASSOCIATED WITH CERTAIN OPTIONS TRANSACTIONS AND THE ACTIONS THE FIRM WOULD TAKE WITH THOSE POSITIONS ON ITS CUSTOMERS' BEHALF. FURTHER, THE FIRM ISSUED ERRONEOUS MARGIN CALLS AND MARGIN CALL WARNINGS TO OVER 100,000 CUSTOMERS AND DISPLAYED INACCURATE ACCOUNT INFORMATION TO MILLIONS OF CUSTOMERS. IN ADDITION, THE FIRM MADE FALSE AND MISLEADING CLAIMS TO MILLIONS OF INDIVIDUALS IN PROMOTIONAL MATERIALS FOR ITS "CHECKING & SAVINGS" PROGRAM, AND NEGLIGENTLY MADE MISSTATEMENTS TO MILLIONS OF INDIVIDUALS IN PROMOTING ITS "FREE STOCK" PROGRAM. THE FINDINGS ALSO STATED THAT THESE VIOLATIONS OCCURRED, AT LEAST IN PART, BECAUSE THE FIRM FAILED TO ESTABLISH AND MAINTAIN A SUPERVISORY SYSTEM, AND FAILED TO ESTABLISH, MAINTAIN, AND ENFORCE WRITTEN SUPERVISORY PROCEDURES (WSPS), THAT WERE REASONABLY DESIGNED TO ACHIEVE COMPLIANCE WITH FINRA RULES. THE FINDINGS ALSO INCLUDED THAT THE FIRM FAILED TO EXERCISE REASONABLE DUE DILIGENCE BEFORE APPROVING CUSTOMERS TO TRADE OPTIONS. ALTHOUGH THE FIRM'S WSPS ASSIGNED REGISTERED OPTIONS PRINCIPALS THE RESPONSIBILITY OF APPROVING ACCOUNTS FOR OPTIONS TRADING, THE FIRM, IN PRACTICE, RELIED ON COMPUTER ALGORITHMS WITH ONLY LIMITED OVERSIGHT BY FIRM PRINCIPALS. THIS SYSTEM SUFFERED FROM A NUMBER OF FLAWS AND THE FIRM FAILED TO EXERCISE REASONABLE DUE DILIGENCE BEFORE APPROVING THOUSANDS OF CUSTOMERS WHO DID NOT SATISFY THE FIRM'S ELIGIBILITY CRITERIA OR WHOSE ACCOUNTS CONTAINED RED FLAGS THAT OPTIONS TRADING MAY NOT BE APPROPRIATE FOR THEM. https://brokercheck.finra.org/firm/summary/165998