VS

Amber_Sam

Sell all the shitcoins before you lose all your money. We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

Amber_Sam

>any tips or something that can help We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

After-Score-5687

Hahaha Buddy buddy buddy I used to think just like you when I started and until you realize Crypto is purley abiut making money NO MATTER WHAT and niot about utility then you wont ever make any real money. For example this "Dumb ridiculous coin Fartcoin and I agree its ridiculous" has not only been my biggest gains in the past year its up 2,308,220% in the past 12 months VS BTC is up 50% I mean come on either crawl small of relize what 99% of people are in Crypto for and start making some real money

Amber_Sam

We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

Amber_Sam

>I'm UK based and Kraken seems to be the most highly regarded platform here from what I've read. Look into Strike, mate. Much easier to use, zero fees if you DCA for a week. We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

Amber_Sam

>it would be very helpful if someone could guide me We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

NiGhTShR0uD

Epic Rap Battle: Musk VS Trump 🍿

Amber_Sam

Congrats on your first step, mate! We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

SmoothGoing

[Trezor Safe 5](https://trezor.io/trezor-safe-5) is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. It's the best for daily users. [Coldcard MK4](https://coldcard.com/mk4) @ $168 is great if you want high security, lots of features but not obvious on how to use. It's great if you want to pull it out on rare occasion. The dot matrix looking menus and clicky buttons offer somewhat clunkier usability, i.e. for entering your passphrase. It would take me longer to do the same send function with MK4 VS Safe 5. The more budget option I would also recommend (and own) is [Trezor Safe 3](https://trezor.io/trezor-safe-3) @ $80. Ledger has baggage and Trezor Model One is a decade old, may soon go out of support, no secure element. Look for a more modern wallet with a strong base. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty." Do not get scammed. Do not let anyone set things up for you. Do not lose or reveal your mnemonic to any app or website to "validate" wallet, or "web3" anything, or other nonsense. Read and follow the instructions and user guides.

Amber_Sam

Would you plant a tree now or wait? We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

Amber_Sam

>Is it too late to plant a tree? We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

Amber_Sam

>the basics We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

Amber_Sam

>Is now the time to buy bitcoin? Is now the time to plant a tree? We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

rv009

That's not the same, burn addresses are addresses that essentially lock up the Bitcoin never to be retrieved ever again essentially locking them up forever. VS other cryptocurrency projects out there that actually reduce the calculated total supply when it's "burned" To be honest though those other cryptocurrencies that do that it's purely a gimmick to help pump the price up. Those scammy projects start with billions in token supply and then "burn" them after the initial pumps stop pumping. So it's token economic BS Bitcoin doesn't need those gimmicks it's a set supply and that's it. No need for crazy mechanics. Nice, clean and simple.

Denver-Ski

Obviously not even close to the same investment profile… but pretty eye opening to compare [BTC VS. TLT](https://imgur.com/a/FeW2ky6)

CartoonistQuiet2661

This is the most bad ass thing I’ve heard today. Lots of haters out there saying you shouldn’t rent… (though a point can be made if your mortgage payments are cheaper than renting) There’s a trade off to renting VS owning a house. Renting allows people more freedom and liquid to invest. Good on ya & best of luck.

NiGhTShR0uD

Incorrect bias, revenge trading, over trading, patience and tight SL. That being said, you can follow your trade plan entirely correctly and still lose, and that's normal. Good luck, friend. It's hard but it gets easier if you're serious about it and not delusional about rate of return over time VS the amount of work you need to put in to get there.

harvested

I got raspberry pi recently to set up another bitcoin node, and friend asked what the pi is for. I said it was to run a bitcoin node, but didn't elaborate on what that was, cause they have a minor case of bitcoin derangement syndrome. He goes, "ah I knew it would be bitcoin related, what about doing something cool like automating your coffee machine?" This is how normies think 😂, automatic coffee VS freedom money.

Amber_Sam

>Is It Too Late For Me To Invest? That's like asking if it's too late for you to plant a tree, mate. We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

Amber_Sam

We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

SmoothGoing

Ledger has baggage and Model One is old, no secure element. Look for a more modern wallet, not something a decade old. [Trezor Safe 5](https://trezor.io/trezor-safe-5) is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. [Coldcard MK4](https://coldcard.com/mk4) @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget "set it and forget it" option I would also recommend (and own) is [Trezor Safe 3](https://trezor.io/trezor-safe-3) @ $80. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty." Do not get scammed. Do not let anyone set things up for you. Do not lose or reveal your mnemonic to "validate" wallet or other nonsense. Read and follow the guides.

jonnytitanx

It's probably very different when they want to loan money to people. Kinda like when I call my Telco to sign up a new service VS trying to speak to someone about a bill query.

Ok_Fig705

Does to much and doesn't have a test network. Also they never fix problems VS just trying to add new protocols Hasn't been more than a prototype and been like this since I've been in the space 2017

Amber_Sam

Strike, River or Swan are easy to use. We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

Amber_Sam

>I also have some GoMining digital miners active getting some money already back. Be careful with any mining company, many of them disappeared before. We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

Weitarded

This is one of the biggest hangups I have with the “everything is going to zero against btc” group.. well if that’s the case then what the hell is the floor price for a haircut? Or a massage? How about some legal advice? .. without a dollar exchange rate how the hell do we transition to a Bitcoin economy, especially with the ‘Digital Gold’ going up forever cultism that is our current narrative?? This take on just how much energy it takes to mine a sat + the amortized cost and depreciation of the energy to produce an asic etc VS the cost inputs of a coffee, is a decent exercise to start with imho 👍🏻

Amber_Sam

>it would be very helpful if someone could guide me We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too. **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks. Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.

Amber_Sam

Pick Bitcoin mate. Vitalik, the unofficial CEO of that centralized shitcoin, can change the rules again, making it even more useless. As for "making money", look at the shitcoin/bitcoin chart, and you'll see it keep losing VS bitcoin since 2017.

SmoothGoing

[Trezor Safe 5](https://trezor.io/trezor-safe-5) is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. [Coldcard MK4](https://coldcard.com/mk4) @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget "set it and forget it" option I would also recommend (and own) is [Trezor Safe 3](https://trezor.io/trezor-safe-3) @ $80. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty." I own several others, older types, but don't recommend them.

BranJacobs

Good guys VS Bad guys is a clown way of looking at most things.

SmoothGoing

Ledger has baggage and Model One is old, no secure element. Look for a more modern wallet, not something a decade old. [Trezor Safe 5](https://trezor.io/trezor-safe-5) is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. [Coldcard MK4](https://coldcard.com/mk4) @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget "set it and forget it" option I would also recommend (and own) is [Trezor Safe 3](https://trezor.io/trezor-safe-3) @ $80. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty."

Eurothrift

Safe haven or under the radar payment options against tariff-mania? Real price VS. Invoice price lowers the damage.

intelw1zard

none. Web3 gaming is a gimmick imo. Only useful for people who live in 3rd world countries and could make $5-$10/day from playing a crap tier web3 game for 8 hours VS working a irl job in their country. example: axie infinity or that sunflower game on Polygon

intelw1zard

> Additionally, they provide one of the highest interest rates for cryptocurrency stablecoins this seems more like a warning flag VS a flex or something that makes them a good platform

SmoothGoing

[Trezor Safe 5](https://trezor.io/trezor-safe-5) is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. [Coldcard MK4](https://coldcard.com/mk4) @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget "set it and forget it" option I would also recommend (and own) is [Trezor Safe 3](https://trezor.io/trezor-safe-3) @ $80. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty."

SmoothGoing

Don't get scammed. [Trezor Safe 5](https://trezor.io/trezor-safe-5) is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. [Coldcard MK4](https://coldcard.com/mk4) @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget "set it and forget it" option I would also recommend (and own) is [Trezor Safe 3](https://trezor.io/trezor-safe-3) @ $80. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty." I own several others, older types, but don't recommend them.

intelw1zard

Steroids VS meth pipe

SmoothGoing

[Trezor Safe 5](https://trezor.io/trezor-safe-5) is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. [Coldcard MK4](https://coldcard.com/mk4) @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget "set it and forget it" option I would also recommend (and own) is [Trezor Safe 3](https://trezor.io/trezor-safe-3) @ $80. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty." I own several others, older types, but don't recommend them.

JumpProfessional3372

The more people get into it. I think the more stability it will get. But at the same time that will reduce the price going down. At some point maybe people will decide between getting BTC, low risk, low returns and no inflation. VS some riskier financial investment that is based on FIAT (so inflation as a cost), maybe some custody costs, and they'll decide between the difference between BTC vs this.

CamilloWiz

This sub is officially sooooo lost! Doomsday VS. Too The Moon on a daily fucking basis. 😆😆😆 Greetings from Germany you complete idiots! 💜💜💜

CamilloWiz

This sub is officially sooooo lost! Doomsday VS. Too The Moon on a daily fucking basis. 😆😆😆 Greetings from Germany you complete idiots! 💜💜💜

CamilloWiz

This sub is officially sooooo lost! Doomsday VS. Too The Moon on a daily fucking basis. 😆😆😆 Greetings from Germany you complete idiots! 💜💜💜

manifestDensity

You lose all credibility when you try to pretend that the constant stream of these posts in every financial sub is organic. It is clearly an organized push. And I said nothing about patriotism. I was talking about real empathy VS performative empathy that serves to hurt the common people

Amber_Sam

I think he's trying to downplay the power Bitcoin has VS the dollar just to sell the idea of Bitcoin to anyone listening. At least until the majority of dollar maxis won't be able to do anything but adopt the new money.

riscten

Yeah, just drag and drop the file in VS Code (or File -> Open).

Accomplished_Luck195

So just go on VS file and move it in there to see? so new to this shit and so angry at myself

riscten

This is what makes most people here believe it's a scam. Only older versions of the Bitcoin Core software uses wallet.dat. Have you tried opening that plane_wallet file in a text editor (like VS Code) to see what's in there?

RetroFutureCore

Yes, 👆👆 Jeff Booth discusses this in his book, the "us VS them" mentality so as to divide and gain control over people.

Dhaupin

I had to make a seperate reply for the interface hehe. Here are some thoughts to look at when choosing.... Off the hip - What sort of proof mechanism? - How cheap is a tx, transfer, mint, etc? - How fast does it happen? - How speedy are apps on the layer? - What kinda utilization is the network at VS current volitility? - How many nodes are there running? - What is the cost for running node hardware? - What are past examples of outages and how they were handled? - What kind of transparency, development, and auditing has happened? There's more, but those are def L1 considerations

PreventableMan

While the enshittification of the subreddit started with Moons, the us Vs them (either be it politics or My Crypto VS yours) and inability to think critically has its place amongst the reasons.

SamuelBrault03

I don't know where that girl is but if yall want a risk-free way to get started in crypto id say Pi network is the way. 1 tap a day and you mine crypto on your phone. Now that they have paved the way there are so many projects like it coming up. I have compiled a list with my referral codes for you guys to use! Have you guys heard of Cpen Network? Still early and is set to launch in Q1 of 2026. Early predictions are talking about a starting price of $1. If you started early or late on Pi. Don't miss this chance ************** Cpen Network Referral code: samb03 Other similar projects and referral codes ⬇️⬇️⬇️ Rubi Network: NMJWISJDBJ Bee Network: samb03 BlockDAG x1 miner app: SXUa5k3e Crypto Mayors by ICE Open Network: samb03 Co-met Network: samb03 Hi Network: H0MUA4X3 Dino Network [Polygonscan]: samb03 Krypton Network: samb03 LITCHI Coin: samb03 Qubit Network: samb03 Rabit Network: samb03 Remint: VS3Z4B7X Omega Network: samb03 Unich Trade Crypto [mining]: samb03 Alfa Network: samuel03 Sato Cash: samb03 Delta.kim [Delta Coin] Referrer DID: UU9FVQ4EL20LG Pi Network: SamuelBrault **************** I might add more or remove some in the future. My mindset behind having so many is that with Pi Network breakthrough we now know sky is the limit. Most these projects are fairly new and will have to prove themselves. But in the meantime... let's mine in hope 💯🚀

Huge_Monero_Shill

\-500 USD VS 25 years of free room and board and government-enforced diamond hands!

Chex76

Bitcoin would have to pump over 500k to get anywhere close to the ROI that can be had by many low market cap projects. Researching projects partnerships and investors gives a good idea of serious up and comers VS pipe dreams.

BE_Art87

VS btc

SmoothGoing

Bitcoin is not going away. If you plan to interact with it at some point, for fun or profit, hardware wallet is a great tool. RTFM on how to use it, don't fall for "validate wallet" scams, never reveal your mnemonic and store it safely. [Trezor Safe 5](https://trezor.io/trezor-safe-5) is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. [Coldcard MK4](https://coldcard.com/mk4) @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget "set it and forget it" option I would also recommend (and own) is [Trezor Safe 3](https://trezor.io/trezor-safe-3) @ $80. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty." I own several others, older types, but don't recommend them.

SmoothGoing

[Trezor Safe 5](https://trezor.io/trezor-safe-5) is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. [Coldcard MK4](https://coldcard.com/mk4) @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget "set it and forget it" option I would also recommend (and own) is [Trezor Safe 3](https://trezor.io/trezor-safe-3) @ $80. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty." I own several others, older types, but don't recommend them.

SmoothGoing

[Trezor Safe 5](https://trezor.io/trezor-safe-5) is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. [Coldcard MK4](https://coldcard.com/mk4) @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget "set it and forget it" option I would also recommend (and own) is [Trezor Safe 3](https://trezor.io/trezor-safe-3) @ $80. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty." I own several others, older types, but don't recommend them.

DookieMcCallister

It’s not a very technical answer. What’s to be gained/lost by pulling out VS continuing to fund it?

EyeofOscar

Soyjak fiat-loving 'inflate me harder daddy' skeptic VS UltramegaGigachad sat dippity-dip stacker

SmoothGoing

[Trezor Safe 5](https://trezor.io/trezor-safe-5) is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. [Coldcard MK4](https://coldcard.com/mk4) @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget "set it and forget it" option I would also recommend (and own) is [Trezor Safe 3](https://trezor.io/trezor-safe-3) @ $80. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty." I own several others, older types, but don't recommend them.

Mrjingle24

You think about diamond hands VS tissue paper hands. And you hodl

godofleet

I think that's essentially/mildly what this thread *is, along with literally countless similar tabloids* **and what meaningful (and measurable!) impact have any of those had?** Put another way, I'm not saying it **wouldn't** grow the userbase, just probably not by a significant or measurable amount... And as time (and bitcoin) marches forward, who would continue to continue to care (and act/buy or sell), with this information top-of-mind. I think "Bitcoin at 10k" ... "Bitcoin at 100k" ... "Bitcoin hat "250k" grows the user base WAY more effectively/reliably ... Alongside various educational or otherwise inspiring "how bitcoin works/rocks" and "why you should learn about bitcoin" media... People will stack sats whether they understand it or not (lord knows plenty don't understand fiat), but knowing/learning what they're placing their purchasing power in is something many people will desire to grasp... VS cheap tabloids and tabloid-level understandings. *Just waking up and rereading my sleepy posts from yesterday, I hope i'm not coming across as disrespectful/condescending in any of this, apologies if so.*

Aggressive-Bull-BTC

Bitcoin is a totally independent and very different universe VS all the cryptocurrencies that exist today that are the copy, of the copy of the copy of the copy of the copy of Bitcoin.

GivePeaceaChancex10

Here's the catch though that some are not considering or may not want to hear. I entered all info into ChatGPT and what's surprising is what can happen with tax advantaged accounts, specifically my 401k that others may have access to. I get a 50% employer match on contributions with no salary cap, only capped by IRS contribution limits. A 401k is also using pre-tax dollars reducing you taxable income by whatever amount you are contributing. So I had ChatGPT calculate Jan 1st 2015- Jan 1st 2025 VOO held in my 401k with a 50% match and taking account for the reduced tax burden with using pretax dollars and maxing out contributions each year to the IRS limit of each of those years VS investing the same amounts myself into Bitcoin. (minus matching that's not there or pretax contributions) Here are the results: "Final Insights: With the 401(k) contributions and employer match included in the VOO scenario, the total value after 10 years is $611,866.06. Bitcoin still grows significantly, but your total Bitcoin investment would be $576,650 after 10 years. So, the VOO strategy with employer matching and tax savings investment results in a slightly higher total value after 10 years than Bitcoin, despite Bitcoin’s higher potential returns."- ChatGPT So when you look at the full picture and have something like my employer matching 401k as an option, VOO actually returns higher gains over the last 10 yrs. Depending on what Bitcoin does from here, either diminishing returns vs hyperbitcoinization this could go either way going forward but your profitability on investment may be closer than you think, depending on what investment vehicles and matching programs you have access to. So I invest in both, so I can't go wrong either way

SquashBox17

Basically UTXOs are Bitcoin transactions. In time, as adoption rates continue to increase worldwide, transaction fees will increase. Many reasonably predict that they will increase to the point that smaller purchases (UTXOs) won’t be worth transferring in order to sell because of how expensive it will be to transfer out of cold storage. To answer your second question, it’s necessary to understand one of the main reasons Bitcoin was created. Articulating this point will be difficult, but I’ll give it a shot… Your money in a bank is not in your control, ultimately. If the government or your chosen banking institution decides that they want to garnish your wages, withhold funds or debank you (yes, it’s a thing) all together, it is absolutely within their rights to do so. In addition, institutions lend against YOUR money. They profit on the money YOU worked for and earned. You see none of those profits. Exchanges through which you can buy and sell bitcoin must comply with state and federal laws, meaning that if the government decides to take your bitcoin for any reason, they can and they will. Your exchange MUST comply or they will face criminal charges. So what happens when exchanges start issuing “paper” bitcoin? ..aka, lending against your bitcoin? Just like dollars during the Great Depression or even the bank runs in 2023, when everyone decides they want their wealth preserved because their chosen institution has over-leveraged themselves, they can’t pay back the money to their customers because they don’t have it. Bitcoin was DESIGNED to be self custodied by individuals, held exclusively by those that own it, specifically in order to protect their wealth from a debt based monetary system that favors institutions above private citizens. You might think, ‘well, I have nothing to worry about. I haven’t done anything wrong, so my wealth held in financial institutions is perfectly safe’. To that I say, fucking bullshit!! People literally are being debanked simply because they bought Bitcoin or some other cryptocurrency. It is really important that you DYOR on these topics. Remember, Bitcoin is technically and inherently deflationary in nature. We, by definition, live in an inflationary monetary system. The U.S. is current at $36T of debt!! The inflation and crazy government over spending is exactly what got us there. To the average citizen, $36T, $400B, $$607M are just numbers and they don’t see the importance of understanding these concepts. That’s because we are economically and monetarily illiterate. We were NEVER taught any of this in school. No, economics courses don’t cover this stuff. No educational curriculum cover these issues. We are in a sinking ship. Is the dollar out performing every other legal tender on the planet? Yes. But that’s just because we pegged every economy on the planet to the dollar after WWII and just compared to itself , it loses purchasing power every year, by a base minimum of 2%. Many suspect a hell of a lot more than that now. It’s not the cost of things going up that breaks your wallet. It’s the value of your dollars going down. DYOR on Austrian Economics VS Keynesian Economics. You will find that we are in a sinking inflationary ship, historically, like EVERY OTHER MONEY that has ever existed. Why? Simply put, because of the greed of those in power and their ability to manipulate the value of our money supply. As Bitcoin increases in value and the dollar continues to decrease in value (as it always has), legislation will be passed to disincentivize people from owning Bitcoin. To be clear, the USD is a sinking ship. It would be sinking whether or not Bitcoin ever existed. Bitcoin is a life boat that has performed mathematically superior to any other investment in history, barring land grabs. So you asked, is a cold storage wallet really necessary? My answer is, OMFG! ..Absolutely!! But, just like building your conviction to stack Bitcoin and hodl it, you must DYOR all of the topics I’ve touched base on. Truthfulhly, I’ve so much more to say, but at the risk of saying so much that it is overwhelming. The true answers to these seemingly simple questions, reside in hours upon hours of DYOR. I encourage you to get onto Twitter/X and plug into the Bitcoin community on there. IMHO, this is a rare, once in a generation opportunity to be part of the largest wealth transfer of this century. If you do hop on this boat, it’s right on time. And remember, we all get Bitcoin at the price we deserve. ***THIS IS NOT FINANCIAL ADVICE*** …only my personal take on these issues

ackmgh

Compares very much. You just live in an info bubble. The US elections were corrupt AG who hid evidence to exonorate people on death row VS biggest rich asshole in the world. Give me a fucking break lol.

JustStopppingBye

Because the market is fake, it’s that simple. Look at XRPLs on chain value VS their market cap. Why is it 160B vs 70M?

Sad-Neck-1410

Trump coin VS Doge

AstroRoverToday

Fiat is still good for trade and commerce, thanks to its global acceptance and use by all countries. It has some cons, which Bitcoin addresses, but that doesn’t mean fiat is bad. Michael Saylor recently said bitcoin isn’t a currency, it’s capital. So, fiat remains good for commerce. Source: https://youtu.be/VS7vFbLTtVo?si=Z6vMdSfAOvGYr_rl

PutchSyring

God, this guy gets it. And yes, community is everything when it comes to memecoins. You can tell real quick the strong, well-built projects VS the 1000th pump and dump of the day. Real recognizes real

McGrumper

It’s all linked to the market data. Btc won’t do nothing unless the market is ok. It’s tied to the traditional banking system and market sentiment. The earlier pump was cause of positive job data from us and then the dump now is *MICHIGAN PRELIM FEB. CONSUMER SENTIMENT FALLS TO 67.8; EST 71.8 *MICHIGAN YEAR-AHEAD INFLATION EXPECTATIONS RISE TO 4.3% VS 3.3% Exactly as things were about to break out... we get bearish macro data ...

SmoothGoing

[Trezor Safe 5](https://trezor.io/trezor-safe-5) is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. [Coldcard MK4](https://coldcard.com/mk4) @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget "set it and forget it" option I would also recommend (and own) is [Trezor Safe 3](https://trezor.io/trezor-safe-3) @ $80. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty." I own several others older types but don't recommend them.

GivePeaceaChancex10

To add to my previous the peak price of BTC in 2011 was $29.60 If you're saying you have $2,500 worth today, that means you bought only $0.78 worth of BTC in 2011. VS If you're saying you bought $2,500 worth in 2011, that means you would have $7.9M worth today. So which is it and why would you buy( or mine) only $0.78 worth and then not buy any more until today? Or on the flip side why would you be buying $30k worth over the short term when you're sitting on $7.9 million? Neither way makes any sense

RecoveryRocks1980

An exchange is like trusting me to hold your money VS cold wallet, is like you keeping 100% access

dailybread5

The benefit of an appreciating investment VS depreciating cash!

Rent_South

Indeed, Alts VS BTC, all time charts: [https://imgur.com/a/78rTzoc](https://imgur.com/a/78rTzoc)

Rent_South

Yes but in retrospect, compared to shitcoinsI don't think this has created as much damage. My reasoning is that in the long term new retail investors in shitcoin became bag holders of crashed assets, while BTC long term holders became rich. Just check this gif to illustrate my point, it shows all time charts of alts VS btc: [https://imgur.com/a/78rTzoc](https://imgur.com/a/78rTzoc)

TopKekistan76

Buying on coinbase and leaving on coinbase (as with ETFs) means you own the theoretical promise of BTC. You’re relying on corporations to be truthful and not F up vs being fully in control of what you own. Kind of like the difference between cash in hand and a big digital number in your account. When you buy BTC on coinbase and send that BTC to your own off exchange wallet you more completely own your BTC… keep in mind this has risks as does say cash in your hand (think lost/stolen). I would buy on coinbase and then research. You could leave it there but at the very least you have options VS etf.

giveityourall93

Misunderstanding but it’s okay. When things are priced in BTC, they become cheaper. I’m not comparing BTC VS Home as a store of value. My guess is by 2028-2029 1 BTC will buy you a home.

Rent_South

Let me save you some trouble. Alts VS BTC. And thats before the recent pullback https://i.redd.it/yagbchfp098e1.gif

SmoothGoing

Copypasta.. Trezor Safe 5 is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. Coldcard MK4 @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget friendlier option I would also recommend (and own) is Trezor Safe 3 @ $80. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty." I own several others older types but don't recommend them.

Ok_Fig705

Because everyone who did is house shopping VS shit coins Bros losing it all or their coins ain't moving?

YouAreAnFnIdiot

SOL is underperforming the last 30 days VS everything. The question I asked is whether there's any news causing that.

SmoothGoing

Copypasta.. Trezor Safe 5 is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. Coldcard MK4 @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget "set it and forget it" option I would also recommend (and own) is Trezor Safe 3 @ $80. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty." I own several others older types but don't recommend them. Decent hot wallets are electrum, sparrow, green, and phoenix for lightning.

SmoothGoing

If you're not an expert use well known options. Hardly anyone can help if you get stuck on an issue with a more obscure product. See the Newcomer's FAQ: https://old.reddit.com/r/Bitcoin/comments/1f7n947/bitcoin_newcomers_faq_please_read/ More resources (incl recommended wallets, helpful books, ELI5 explainers, video channels, setup guides etc etc): https://www.lopp.net/bitcoin-information.html For beginner types of (bitcoin related) questions go to r/bitcoinbeginners Do not get scammed by "helpers" reaching out. Do not let anyone set things up for you. Trezor Safe 5 is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. Coldcard MK4 @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget friendlier option I would also recommend (and own) is Trezor Safe 3 @ $80. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty."

never_safe_for_life

But the appreciation of the Bitcoin you would've sold far outstrips the interest payments. 3% interest VS 50+% CAGR.

SmoothGoing

Copypasta.. Trezor Safe 5 is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. Coldcard MK4 @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget friendlier option I would also recommend (and own) is Trezor Safe 3 @ $80. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty." I own several others older types but don't recommend them.

SmoothGoing

Copypasta.. Trezor Safe 5 is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. Coldcard MK4 @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget "set it and forget it" option I would also recommend (and own) is Trezor Safe 3 @ $80. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty." I own several others older types but don't recommend them. Decent hot wallets are electrum, sparrow, green, and phoenix for lightning. "Different cryptos" is off topic nonsense here.

SmoothGoing

Copypasta.. [Trezor Safe 5](https://trezor.io/trezor-safe-5) is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. [Coldcard MK4](https://coldcard.com/mk4) @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget "set it and forget it" option I would also recommend (and own) is [Trezor Safe 3](https://trezor.io/trezor-safe-3) @ $80. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty." I own several others older types but don't recommend them.

SmoothGoing

No. I literally just said no. But I do recommend you leave blockchain.com immediately and never use it again. Copypasta.. Trezor Safe 5 is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. Coldcard MK4 @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget "set it and forget it" option I would also recommend (and own) is Trezor Safe 3 @ $80. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty." I own several others older types but don't recommend them. Decent hot wallets are electrum, sparrow, green, and phoenix for lightning.

SmoothGoing

Copypasta.. Trezor Safe 5 is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. Coldcard MK4 @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget "set it and forget it" option I would also recommend (and own) is Trezor Safe 3 @ $80. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty." I own several others older types but don't recommend them.

SmoothGoing

Copypasta.. Trezor Safe 5 is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. Coldcard MK4 @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget "set it and forget it" option I would also recommend (and own) is Trezor Safe 3 @ $80. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty." I own several others older types but don't recommend them.

Rent_South

All alts get rekd against BTC in the long term. Check this gif comparing all time charts of alts VS bitcoin: https://i.redd.it/7kje2ud3816e1.gif

SmoothGoing

See the Newcomer's FAQ: https://old.reddit.com/r/Bitcoin/comments/1f7n947/bitcoin_newcomers_faq_please_read/ More resources (incl recommended wallets, helpful books, ELI5 explainers, video channels, setup guides etc etc): https://www.lopp.net/bitcoin-information.html For beginner types of (bitcoin related) questions go to r/bitcoinbeginners Do not get scammed by "helpers" reaching out. Do not let anyone set things up for you. Copypasta.. Trezor Safe 5 is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. Coldcard MK4 @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget "set it and forget it" option I would also recommend (and own) is Trezor Safe 3 @ $80. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty." I own several others older types but don't recommend them. Decent hot wallets are electrum, sparrow, green, and phoenix for lightning.

EffNKevN

Expectations of 60 Mins Crypto segment last night at 7pm EST US. The piece featured Ripple's Garlinghouse VS what actually happened = loss of confidence and profit taking, tanking price, making it cheaper to buy in again lol A LOT of people were betting on an announcement of some sort from him and casr positive light on crypto finally amongst general public. What happened was the opposite--the piece was rather negative and edited some crucial info out, painted crypto as a security, and featured some strong Anti-Crypto voices. The sentiment was not good amongst X and Reddit afterwards.... XRP dropped a good 10 percent after the interview and it seems market followed

Responsible_Sky_9480

Bitcoin Investor VS Bitcoin Investor: The wealth transfer of bitcoin investors only occurs with others who also invest in bitcoin. It has zero effect on people who don't buy into bitcoin at all. It is Akin to watching a poker game from the outside, it wont effect you the least bit if one person or the other "wins" the pot. Essentially, Bitcoin investors can only eat themselves. This is ironic as all the posts within their Bitcoin circles act like they are in it "together", when it in fact the only people they are competing with is other Bitcoin investors. Then you can add on top of this fact that a small minority (roughly 5%) own something close to 90% of all the bitcoins which they purchased for pennies.

SmoothGoing

Copypasta.. Trezor Safe 5 is very nice to use @ $170. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. Coldcard MK4 @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget "set it and forget it" option I would also recommend (and own) is Trezor Safe 3 @ $80. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty." I own several others older types but don't recommend them. Decent hot wallets are electrum, sparrow, green, and phoenix for lightning.

SmoothGoing

Copypasta.. Trezor Safe 5 is very nice to use @ $153. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. Coldcard MK4 @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget "set it and forget it" option I would also recommend (and own) is Trezor Safe 3 @ $56. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty." I own several others older types but don't recommend them.

throw-me-away-7878

They were far left in a cool way. A "fuck you I won't do what you tell me stop oppressing us" way. Lol. RATM used to stand for something way more insightful and meaningful than all this Republican VS Democrat slop that people like you just can't seem to get enough of.

SmoothGoing

See the Newcomer's FAQ: https://old.reddit.com/r/Bitcoin/comments/1f7n947/bitcoin_newcomers_faq_please_read/ More resources (incl recommended wallets, helpful books, ELI5 explainers, video channels, setup guides etc etc): https://www.lopp.net/bitcoin-information.html For beginner types of (bitcoin related) questions go to r/bitcoinbeginners Do not get scammed by "helpers" reaching out. Do not let anyone set things up for you. Trezor Safe 5 is very nice to use @ $153. Touch screen, swiping, very smooth. Works with PC wallets and Android wallets. Coldcard MK4 @ $168 is great if you just want to park stuff there and pull it out on rare occasion. It's usable of course, but the dot matrix looking menus and clicky buttons offer somewhat clunkier usability. It would take me longer to do a function with MK4 VS Safe 5. The budget "set it and forget it" option I would also recommend (and own) is Trezor Safe 3 @ $56. All of these options obviously come with top notch safety, secure elements, whole nine yards, not just "looking pretty." I own several others older types but don't recommend them.