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ETH is always at max volume, they just decided the smarter way to go about it is to distribute the volume instead of going the braindead route of "WE NEED MORE TRANSACTIONS PER SECOND" sacrificing decentralisation for it.
i was too late. used to toss and turn at night that i missed it. then i realized. wait a sec. everytime it crashes, it goes up again a few months later---WAIT A SECOND. I'm not actually late!? I can still get in even if it's an alt?? It was a rough ride but I'm happy with what I have at the moment. I don't need to mess with alts anymore. Just letting this grow.
\> So what's your strategy for managing your wealth? Firstly, im no financial advisor, so I cannot actually advise you, but for me its all about understanding what bitcoin is as the FIRST STEP. Once you understand what Bitcoin is (this takes a while, trust me), you need to understand what the US DOLLAR is as the SECOND STEP. I know this sound rudimentary, but I guarantee you that you, myself, and most people get this wrong on the first time around. Once you understand that Bitcoin IS money, and the US dollar is NOT money (its a currency, yes there's a big difference, watch clip #4), then you realize that bitcoin will always appreciate against the dollar. It appreciates for 2 main reasons... 1) because bitcoin is at the beginning of its adoption curve, and it will take years for full adoption. All during this adoption period, it will go up in value without even considering the 2nd point. 2) Bitcoin is a true store of value, it is 100% finite. Because of this, it cannot be devalued by printing more (which is how it happens with the US dollar - again watch clip #4 for context). Gold has been humanity's go to "Money" for thousands of years, but it still has a leak in value, because its supply isn't finite. More gold can be mined, but it is rare. So with these concepts in mind, you start to grasp that Bitcoin preserves long term wealth and the dollar doesn't (its lost 98% of its buying power since 1971), which gives you anxiety about getting out of the dollar and into bitcoin. The inflation spikes that we feel at the pump and in the grocery store is from money printing. Every time you feel the sting of prices increasing, you have to remember its the value of your dollar decreasing and buying less goods. Bitcoin, though its volatile in its early years still, will hold its long term value. No one has lost money holding Bitcoin through any 4 year cycle in its history. All of my wealth that I hold for long term is in Bitcoin, anything not in bitcoin is either for immediate use to live on, or if I am actively doing something to increase my wealth (business building, short term capital gains etc) \> I feel dumping a few grand into Bitcoin today would be an impulse move even if it's only 2% of my wealth. But if the idea is to hold it then what does it matter about timing the market. I think your current mindset is that you want to put a few grand into Bitcoin to make some money. However you need to correct the way you are thinking about this. Bitcoin IS perfectly engineered money, and you want to both hold it for its value increasing due to it spreading across the world, but also to protect your value from decreasing holding the US dollar. So if you approach it with this mindset, you will understand that putting 2% of your net-worth into bitcoin is only protecting 2% of your wealth from losing value. I leave it to you to act accordingly. The usual safe way of acquiring any asset is Dollar Cost Averaging (DCA), which you can do to be the safest. Alternatively you can do larger purchases if you feel that Bitcoin's price is really moving. This is called "Weighted DCA", where you put more weight into your purchases while the heavy price movement is going up to make sure you aren't missing gains. Bitcoin is mathematically sound money, and is expected to go into the millions in the coming years, so keep that in mind when squabbling over what price points to buy it at in the current market conditions. \> I always just defaulted to the target date funds through retirement. Long story short, I feel like I need Bitcoin exposure but I can't decide how to go about it If you are looking for safety, we've been conditioned to trust the US dollar, but I can promise you, it is one of the most unsafe things for you to hold. ALL DOLLAR DELIMITED INVESTMENTS SUFFER THE SAME PROBLEM, THEY ARE ALL BASED IN THE US DOLLAR SYSTEM, AND ARE ALL SUBJECT TO THE SAME VALUE LOSS DUE TO INFLATION. So yes, you do need Bitcoin, but more than exposure, you just need to hold the asset itself to insulate yourself from the falling knife of the US dollar inflation. Going about it is quite simple. Signup for your centralized exchange of your choice, generally thats Coinbase for Americans, Binance for most other countries, make an account and fund it with your dollars, then buy bitcoin. The best practice as I mentioned above is regular buys to "Average" your acquisition price for the best result. In this environment where things are heating up, feel free to buy more at a faster pace if that suits you. Its very important to understand that any BTC you purchase, expect to use it as your savings for the money you use over a long period of time. Selling BTC to hold dollars again at first seems logical, but when you apply what you've learned, you realize that not holding dollars is the goal here, and bitcoin is your safety net. As for how to use the value of your bitcoin, plan to hold it long enough to take advantage of the "Borrow against your bitcoin" strategy down the road, as this will be ideally how you hold on to bitcoin forever while still enjoying the fruit of your gains. \> every time I see one of these runs like the past few days, I feel like it's too late Its never too late to own bitcoin, but at somepoint in the future it will be too late to profit from it. You are still earlier than most of the world, and thats all you need to make a profit. You won't make the millions or hundreds of millions that people made who got bitcoin at $100, but you will do well for yourself when bitcoin reaches the expected value ranges of $500K, $1M, and beyond over the coming years. As long as the US dollar keeps being printed, it will always fall against Bitcoin.
This idea of 50% dominance is bullshit stupid ridiculous. you'd be lucky if you could scrape together 2% of other stuff that's a decentralized commodity. There's a crypto asset, and it's called Bitcoin, ok? They say "But what's the second best crypto asset?" THERE IS NO SECOND BEST CRYPTO ASSET. THERE'S A CRYPTO ASSET AND IT'S CALLED BITCOIN.
"THERE IS NO SECOND BEST!!!" - Some dude on the internet.
Oh no no no. You are still confused. I said the SECOND part. Not the last.
about to rocket 75k any SECOND NOW! major major bull incoming ANY secondss
Guys....GUYS!!! SHUT UP A SECOND!! We need to answer one very important question before anything else: When is somebody going to give me some free money?
First off, the best book I read to help me understand bitcoin was THE BITCOIN STANDARD. It’s an incredibly difficult book to read/comprehend/follow if you’re not super familiar with a lot of concepts of popular economists of years past. He does do a good job of explaining how we got to the situation we’re in and how likely our economy is to fail (spoiler alert it’s 100% going to fail). SECOND, I’m not giving tax advice, and Im not sure what your “all in” number is. But if I bought at 72 for more than like 25k, I’d sell now, and immediately buy back in. Make sure you’re using a Coinbase pro account so the fees are less. Many people say it’s illegal, but only in stocks it’s considered a wash trade. NOT in crypto (google it). Come next year on paper you you can write off the losses on your taxes Next you take your bitcoin OFF Coinbase, or whatever exchange you use. Put it in a cold wallet. Write the keys down on a piece of paper and put it in a safe place. Not sure how old you are but if you’re not trying to retire in the next 10-15 years then don’t worry about the short term losses and hopefully your wife is rational enough to have this conversation. Everyone’s appetite for risk is different. I hope you can get your wife to come around. Also, one last thought. If bitcoin is a ponzi scheme then explain how the stock market isn’t a Ponzi scheme also??
“THERE IS NO SECOND BEST!” - Amber Sam
It is how democracy after war or revolution works. It is pretty cool for a while, even dumb fks are voting good options because even them know they don't want to go back to pre war or pre revolution state. But after a while these dum fks gave kids and suddenly vast majority of population are dumb fks wbo afe voting for populists, careerists and rich sociopaths who can infinitely pay for their promotion. America with population 330 million chose Donald Trump in 3rd elections and they are saying with straight face that the only one who can beat him is WIFE of one ex president (which would be SECOND WIFE after another WIFE of ex president who faced him before). If you really don't see anything wrong in previous sentence, you deserve another war, financial crisis and revolution. Anyway, democracy needs HUGE update so humanity can actually evolve from ancient Rome forward and adjust itself for 21st century.
This is your SECOND warning
Biden doesn’t understand shit b/c he is asleep at the wheel, but his administration (like Gensler and Warren) have taken all sorts of action to kill the industry. Idk how the fuck ppl on r/cryptocurrency missed this because people on crypto twitter are well aware of the differences in support between Biden and Trump. Also, yes, SEC sued kraken on staking. But they also sued them for a SECOND time in November for failure to register. Is anyone on this sub paying attention or are ppl still trying to figure out how to DCA, calculate profit and loss, and pick the next memecoin?
No. Sales tax where I’m at is 10 percent, income tax 45 percent, property taxes are at all time highs, there needs to be a change. I bought something for $10 with btc today, after btc fees it was $10.05, vendor received $10. Used BTC lighting network, arrived in ONE SECOND into vendors wallet. So I’m not worried. Sales tax would make bill $11, payment processing would take away around 50 cents. $1.50 vanished Vendor needs to then pay %40 income tax on that 😂 This is why the economy is so screwed up.
First got in at 3500iah in may 2021… Held for long hard 3 plus years. Because I know the fucking SECOND i sell my eth it will rocket to 5k. I already know it
Thanks for welcoming us on u/Ofulinac ! This Is a good question, that I hear it not infrequently. Everyone has a different point of view on this, the way I see it is: - **"Skate to where the puck is going to be, not where it has been." - Michael Scott** **- Part of it is just building a basic infrastructure.** With adoption trending the way that it is, we want to be completely ready and systematically sound for this current/(upcoming?) bull. In my mind I’ve been prepping since 2022 for 2025. So it feels like we’re being pushed a little early – and in the not too distant future demand for the system should be high enough that our ability to supply service will shorten - resulting in more launches to start but a long tail of fewer launches 12-18 months from now. - As far as rugs are concerned -- any community wanting to join MUST go through a 3-month mining "trail-faze" in addition to some other standards that can be found on [r/communitycurrency](https://sh.reddit.com/r/communitycurrency/). **COMMUNITY FIRST - CURRENCY SECOND**. We want to offer people access to this free market community-- but we also feel a certain obligation to vet those before submitting service.  - Probably something unpopular that non one says is: **I think its okay for a project to fail. In my life – I have failed A TON.** Ideally if we are able to jointly develop decentralized meritocratic system – we should expect lots of failure to begin, followed by communities who learn from those failures and thrive. Thanks for your question! Best of luck on the raffle and please keep in touch!
You might be better off, taking a look at bip-85: [https://www.reddit.com/r/BitcoinBeginners/comments/11sk6k6/help\_me\_better\_understand\_bip85/](https://www.reddit.com/r/BitcoinBeginners/comments/11sk6k6/help_me_better_understand_bip85/) First, here's what was recommended to me by an OG on multisig: [https://youtu.be/7dNGdkeQ7ew?si=EklRBAKDQfY0lLFT](https://youtu.be/7dNGdkeQ7ew?si=EklRBAKDQfY0lLFT) For usability passphrase works best on a ledger, but I moved away from that for obvious reasons, but the killer feature here is that you CAN have two pins, one for the normal seed phrase, the other unlocks the seedphrase plus passphrase: [https://support.ledger.com/hc/en-us/articles/4983095135261-How-to-recover-your-passphrase-accounts?support=true](https://support.ledger.com/hc/en-us/articles/4983095135261-How-to-recover-your-passphrase-accounts?support=true) [https://support.ledger.com/hc/en-us/articles/115005214529-How-to-set-up-a-passphrase?docs=true](https://support.ledger.com/hc/en-us/articles/115005214529-How-to-set-up-a-passphrase?docs=true) You don't need five wallets. You need two if you want to multisig OR have a backup / testing if you can successfully restore your primary access to the second wallet. To answer your question, if you have 5 different wallets, if means you DON'T have the same total amount in each wallet. If that is what you want, you can't set it up this way. If your intention is to have different wallets, then, by all means use a passphrase, you can totally use the same one, although using different ones is safer. At this point though I believe what another poster said is true, you are overcomplicating things. Wether you use the same passphrase or not, if ONE gets hacked or you get blackmailed into surrendering it, it will be known that all of your other wallets (if discovered) likely ALSO have a passphrase. Here's my tip. If you want to go down the route you said. Use to (different) hardware wallets (bitbox, leder, coldcard) to construct ONE master wallet, with a minimal amount 0,01% on it, then transfer 0,1% to your setup plus passphrase, and the rest of it to a SECOND passphrase. In this way you created a first and second layer of plausible deniability. Just make sure, that the BIG funds, never hit any of the smaller wallets. One more thing. The passphrase IS stored on a ledger wallet, otherwise it would be impossible to unlock it with a second pin. However even here you have the "temporary option" which means you have to enter the potentially complex passphrase EVERY time after unlocking the device. This is the default on Bitbox. Bitbox appears to NOT store the passphrase. Unfortunately, but they promised me to fix that, once it's unlocked it ASKS for a passphrase once initiated. So you HAVE to enter it and cannot attach it to a secondary pin and it sort of defeats the purpose of plausible deniability. you want the bitbox bitcoin only version btw to reduce the attack surface.
Borderline misleading. Here is the full post. > I AM VERY POSITIVE AND OPEN MINDED TO CRYPTOCURRENCY COMPANIES, AND ALL THINGS RELATED TO THIS NEW AND BURGEONING INDUSTRY. OUR COUNTRY MUST BE THE LEADER IN THE FIELD. **THERE IS NO SECOND PLACE. CROOKED JOE BIDEN, ON THE OTHER HAND, THE WORST PRESIDENT IN THE HISTORY OF OUR COUNTRY, WANTS IT TO DIE A SLOW AND PAINFUL DEATH. THAT WILL NEVER HAPPEN WITH ME!** You can see exactly where his campaign advisor's writing ends. Trump saying "burgeoning?" lol
They probably sent that money to buy sandwiches Just kidding! This is the first stage of the Bitcoin parabolic explosion. It's like a double back run. Everyone withdrawals their fiat in a short period of time so they can get some BTC. WHICH IS LIKE A SECOND LAYER BANK RUN I think we are entering uncharted territory FAST
As long as he still has the private key, all he has to do is download Electrum from the official source, https://electrum.org/ and verify it using PGP/GPG and the author's key (ThomasV). Once he does that, he can set up Electrum using a laptop that he NEVER connects to the internet. When it asks what type of wallet, tell it to "import private keys or addresses" and enter the private key into the next dialog box. The private key begins with '5'. Now set up Electrum on a SECOND laptop, which he WILL connect to the internet. Do the same except enter the public address that is associated with the key (which he can get from the first laptop, if he doesn't have the public address written down already). The public address will begin with either '1' or '3' or "bc1". Now use the internet-connected laptop with just the address to see how much is on the address, and generate an unsigned transaction from that to another address (wherever he wants it to go). Export the unsigned transaction to a file on a USB flash drive. Move the flash drive over to the OFFLINE computer, and load the unsigned transaction into Electrum there. Sign the transaction, export the signed transaction to the USB flash drive, and move it back to the online computer. Then transmit the transaction to the network.