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> Spend. and Replace. Do not come and speak to me with this ignorant poorly-thought out garbage. Why spend and replace? Why not just SAVE bitcoin and SPEND dollars? This is EASIER, it is TAX-ADVANTAGED, and it is what a rational person would do if they understood what money is for, and which money is the best money. Spend and replace is something economically ignorant fools parrot about when they want to showcase how stupid they are about money and economics.
Very good. Just a coke. THIS IS AN EXAMPLE. NOT LIKE YOU SHOULD SPEND MORE SATOSHIS ON SODAS.
Here's where you are wrong, with ASIC-s, you can get outcompeted, if someone is willing to lose money, they can outmine you, PoW is a "competition", you can outcompete others if you want. In PoS, you can't outcompete someone who has a majority power, NO MATTER HOW MUCH MONEY YOU SPEND. If they don't sell you their coins, you can NEVER get the majority of the coins. Not only that, majority coins being staken also means you get more and more rewards and even more "power". The rich will forever stay rich.
DO NOT SPEND ALL YOUR MONEY! Invest in Gold stocks, wait 3 months, sell some gold stocks for Bitcoin when they have grown. It's a good strategy. When bitcoin rizes and your ready to sell it, put it back into Gold. Repeat
As long as you consider getting rid of your BTC in the form of 'selling' you aren't understanding it yet! You never 'sell' money, money is something you SPEND.
I mean .... Idk how comfortable is what amount were talking but .... Why don't you take a comfortable 1/4 out save it some where . Another wallet . Take another 1/4 to hold Take the other half to an exchange with good options . Put a quarter into the other assets and prohects you like across the market you could get crazy gains for next bull run (Or . Or . Put into REAL INVESTMENT PLANS OR BUISSNESS THAT YIELDS A SOLID RETURN RATE OR SUSTAINABILITY OR HIT THE STOCK EXCHANGE 💱) and then the last quarter SPEND THE NEXT 4 years long and shorting the fuck out of Bitcoin like it's your only actual income and forget about the other 3/4s untill 2040
She is saying that because people think US will SPEND to buy Bitcoin, instead of thinking that they are switching dollars (weak money) for Bitcoin (sound money). Spend is a diabolic concept for this administration, so she has to convince bureaucrats that no dollar will be SPENT to make the Strategic Bitcoin Reserve. Bitcoiners know that buying Bitcoin is not SPENDING. Normies don't.
DO NOT SPEND IT. hold it. Subscribe to Swan BTC, and simply bitcoin on YouTube and spend as much time as you can learning. Contact The BitcoinWay and get with a consultant. Hold it. Think of it like digital Manhattan Realestate. The generationally wealthy still own great grandpas land. They leverage the land— they take 10% loans against the land and continue to roll the loans over time. Never selling the land, never paying taxes on the loans. This is how the wealthy stay wealthy. Everyone who has sold their BTC for a home has lived to regret it. BTC is appreciating faster than any other asset, even land/housing.
"Never sell" for fiat. However, you are allowed to SPEND your Bitcoin when on retirement.
Great post, and I completely agree with the acknowledgment of those who traded or spent their Bitcoin early on—it laid the foundation for the adoption and exposure we see today. However, I think it’s essential to distinguish between *spending* Bitcoin and *selling* Bitcoin, as the two have very different implications for the Bitcoin ecosystem. When you SPEND Bitcoin and then replace it, you’re not just using Bitcoin as a currency but actively contributing to its circulation and strengthening its role as a medium of exchange. This process brings more liquidity and usability into the ecosystem. On the other hand, when you **sell** Bitcoin to buy something, that value exits the Bitcoin ecosystem entirely, potentially weakening its monetary role. The narrative from individuals like Michael Saylor, who argue against spending Bitcoin, undermines Bitcoin’s potential as a form of money. By encouraging people to *only hold* Bitcoin, they’re inadvertently pushing it further toward being treated solely as a speculative asset rather than as a currency that can be used in everyday transactions. If we truly want Bitcoin to succeed as “peer-to-peer electronic cash,” spending and replenishing Bitcoin should be encouraged. So let’s appreciate the pioneers who spent their Bitcoin to prove its utility and commit to doing our part by spending (and replacing) Bitcoin, keeping the ecosystem vibrant and growing. Bitcoin thrives when it flows!
I would say this is possibly the opposite... A 'Despite my best efforts, I DID NOT SPEND my BTC when I wanted to and now I DO NOT regret it.' The literal flip side of the coin... the 'hindsight is 20/20 and I am thankful things happened the way they did...' . Maybe just wishful thinking. Looks like old Red there has not been around for a while
> Bitcoin without people to use it as a currency and people accepting it as such would be useless, yes. This guy decided to use it. The pizza baker decided to accept it. If noone ever would have made any decision like they did, the coin would have vanished long ago, cause what else would people do with it? OH BOY! Another STUPID person who thinks SPENDING currency is USING currency. I am so glad there are people like you to pollute the world with dimwit ignorance such as the asinine belief that if people didn't SPEND money it would vanish? Please stop being so stupid. It is sad and embarrassing
Women, women, women. I know there are many successful female investors out there, but in my personal life every single female seems to try as hard as she can to spend cash the absolutely second it seems available. “You made a profit?! SELL AND SPEND IT RIGHT NOW OR IT WILL DISAPPEAR!” Just zero sense. And these are well educated people - advanced degrees and what not. It drives me insane.
Ok im not selling as in turning all my bitcoin to fiat again, but that doesn’t mean that I won’t SPEND some to my pleasure
No judgment here. Everyone has to start somewhere. For Legal reasons let me start by saying: THIS IS NOT FINANCIAL ADVICE DO YOUR OWN RESEARCH. I am only here to help in every way that I can and direct you towards the path of doing things correctly. Both coins have their strengths and weaknesses and both have value that is heavily tied to community hype, which can be unpredictable. So be careful, it's important to DO YOUR OWN thorough RESEARCH and consider your risk tolerance. my risk tolerance is different than yours just like it's different for everyone. Diversifying your investments and only investing what you can afford to lose is always a good strategy. (This is true for every investment) Snek. Has a strong community. The tokenomics has burning mechanisms, which it's always good cause it can increase scarcity and potentially drive up the price making it deflationary and it's on the Cardano blockchain meaning it benefits from the security and scalability of Cardano Qubic integrates AI and quorum-based computation, aiming to improve efficiency and reduce transaction fees. It also has initiatives like QEarn to encourage long-term engagement. *********************** You need to remember that a good meme coins relies on a strong community and strong utility. Both these coins are still in the early stages of development, which means higher risk.They're both highly volatile and influenced by social media trends so be careful. ALWAYS DO YOUR OWN RESEARCH ********************** Compared to more established cryptocurrencies they both have a lower trading volume, leading to higher volatility. Because of this they have the ability to have bigger swings to the upside AND THE DOWNSIDE. NEVER PUT ALL YOUR EGGS IN ONE BASKET. ITS THE BEST WAY TO PROTECT YOUR INVESTMENT. NEVER SPEND MORE THAN YOU'RE WILL TO LOOSE. everything in life is a risk. DO YOUR OWN RESEARCH AND NEVER RELY ON WHAT OTHER PEOPLE TELL YOU. NOT EVEN ME. nobody can make a decision for you. ONLY YOU CAN
That’s true. Doesn’t mean shit. We’re at 124% debt to gdp. WE SPEND TOO MUCH.
Let what go mate? 10 or a 100 years, who in their right might spends $30 for hash-backed finality (a confirmed transaction) when they can spend 0.01 of a cent? Nah mate, I won’t let it go simply because I actually USE and SPEND crypto (you know, the reason it was created for), not only hOdL bRo.
no. Cold wallets by definition have no access to the internet. By extension, even though you could have your copy of the blockchain offline, the difference between a Cold wallet having access to your local bitcoin node vs having access to the internet is not something a cold wallet can control, so it just doesn't have any networking capabilities by design. Keeping the two things separate is an important part of security. Like having two entry doors one after the other with unique security locks to a government lab. The thing that can access the internet can show you your balance and therefore potentially leak your balance. The device that can SPEND your bitcoin has no access to the internet and so viruses, backdoors and such that come from the internet cannot spend your bitcoin. That said, no hardware wallet is 100% cold, it has to communicate with the other half to do anything useful. Whether it is by USB, QR codes, NFC, the narrower the bandwidth of the connection, the harder the security. If a keypad is only available for 10 seconds for you to type in the security code, you can't spend time guessing combinations. This is why many people suggest that connecting over USB is not ideal... data can travel back and forth at massive speeds and you typically keep the connection open for minutes at a time. NFC stays connected for seconds, and a QR Code sends over only kilobytes of data and is a 1 way communication tool. All this, just to say: no, and this is why ^^^
DONT SPEND IT! If you got a house or a Rolex watch or a vintage guitar, or a beautiful car or a lovely painting: would you sell the watch parts, sell parts of the painting, sell the rims of the car, strip down parts of the house and sell part if it off!? You have approx $125k in USD. Which potentially will be worth millions in 4-10 years. Do not, I repeat: do not sell it. Add to it. You will look back years from now and wish you had saved it all and bought more… Just like I look back at 2009-10 and I wish I listened to this 1 guy at a house party who kept telling me “you need to just buy this thing called ‘bitcoin.’ Just $100.00 worth and then store it for the next 10-15 years & you’ll be a multi millionaire. Of course, I thought he was a scammer. I thought he was full of shit… i didn’t listen to him… i waited until 2019 to buy $75 worth… and then forgot it & a few years later, that $75 was $1800.00. THEN i actually started to get orange pilled
This is such a stupid phrase people throw about in the Bitcoin world. It lets me know the person has zero understanding of economics. The medium of which a transaction occurs in is irrelevant. What matters is what people store on their balance sheet. I could transact in CHUCK-E-CHEESE tokens, but that is not going to make them valuable. If you *REEE* SPEND AND REPLACE, then you are wasting time and energy and inviting an unnecessary tax headache upon yourself. Transact in DOLLARS (shit money that people will accept) and store the actual money. I REFUSE to spend Bitcoin because it is too valuable to spend, and anyone who does or promotes spending Bitcoin, I denounce as a Spendiot ^^TM
Didn't she know that in order to buy you need to SPEND?
Imagine I send you back in time to the foolish Lazlo purchase in two separate scenarios. In one scenario, he trades the 10k BTC for the 2 pizzas, but in another one he decides not to be a dumbass and saves the 10k Bitcoin instead. In which scenario are you more able to acquire Bitcoin? e.g. in which scenario is Bitcoin more valuable? 2nd attempt at an explanation- Suppose everyone in Bitcoin world today gets some sort of brain parasite that infects them with the dumb idea that they should SPEND THEIR BITCOIN on hedonistic consumption on things like pizza. Does this make Bitcoin MORE or LESS valuable? Conversely, assume a scenario where people in Bitcoin world get a brain virus that makes them properly understand Bitcoin as a savings tool, and everyone goes out and acquires as much bitcoin as they can and then LOCKS it away forever on their balance sheet as M. Saylor has done. What do you think happens to the value of Bitcoin in this scenario? Saving drives adoption. Not SPENDING, ignorant Keynesian clownass morons
Only Bitcoin is an asset to PROTECT your value, not just a means to SPEND it.
> The attacker can't: > > > Reverse other people's transactions That's not quite correct btw, the attacker can reverse other people's transactions (by re-orging away the blocks containing those transactions, that's the censorship attack) > The only thing they can do is SPEND their OWN coins they control, how is that an attack on the rest of the network? https://www.reddit.com/r/Bitcoin/comments/pft5vt/how_is_it_possible_for_a_51_attack_to_double_spend/
It's right there in the link you shared: The attacker can't: * Reverse other people's transactions * Prevent transactions from being sent at all (they'll show as 0/unconfirmed) * Change the number of coins generated per block * Create coins out of thin air * Send coins that never belonged to him The only thing they can do is SPEND their OWN coins they control, how is that an attack on the rest of the network? If he spends the coins, nodes will accept it.
Why is it so dificult to get people to spend bitcoin??? I mean, holding bitcoin seems to be the smart thing to do, but if you don't spend it you are missing the point of money, beacuse we shouldn't forget that, bitcoin Is money. And what do you do with money? You save it, you invest it, you SPEND IT!
of course it makes sense. but good luck calling tops and bottoms. the best you can do is ride a general wave. but like, when bitcoin is up - and you sell - does it later go back down? or six months later are you fucked? when bitcoin popped from 16k to 40k, and you'd more than doubled your money - do you sell? ...it would then go on to 70k. and is still in the 60s right now. so if you sold at 40k, you'd be sitting here on your thumbs praying for a crash. best bet? DON'T SPEND MORE THAN YOU CAN AFFORD TO LOSE. TAKE SOME PROFITS. keep detailed notes of all your buys and sells for tax time.