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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.