YOU ONLY HAVE ONE TASK, BUY AND HOLD BTC

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YOU ONLY HAVE ONE TASK, BUY AND HOLD BTC Anonymous Wed Feb 17 07:24:38 2021 No.28942400 [Reply] [Original]

Make this thread a sticky, jannie faggots:

>don't try to time the market, i just bought my weekly dose of sats
>don't sell your btc to billionaires for cheap
>50% crashes are normal, get used to them
>don't think it's too late, it's never late, FIATs will always keep bleeding purchasing power
>don't short (or you will lose it all)
>don't long with leverage (or you will lose it all)
>don't swing (or you will lose sats)
>JUST BUY BTC, HOLD FOR A DECADE, AND KEEP YOUR PRIVATE KEYS SAFE, OFFLINE
>don't keep your btc in an exchange, buy them and transfer/store them offline immediately, safely, do 100 backups of the wallet.dat or the seed key, again offline
>DO NOT SELL WHEN THE MARKET IS TRYING TO SHAKE YOUR POCKETS
>CBDC (central bank digital currencies) are a scam, a digital equivalent of fake FIATs money
>every project shilling FIAT CBDC or bad traditional finance derivatives is a scam, DERIVATIVES ARE PURE GAMBLING, STAY AWAY
>sats is all that matters, all shitcoins bleed to zero in the long term, if you don't trust me, check 2017-era shitcoin mothly charts
>don't get scammed by easy money advertisements
>don't trust services like paypal, or other "you cannot withdraw your btc offline" services
>don't wrap your btc (wbtc/sbtc/tbtc/renbtc and similar are scams, and they will run away with your private keys, while you will be bagholding a worthless erc20 shit-token)
>don't buy btc with funds like grayscale, you have to pay a premium and you are not even sure if they are 100% backed by btc, high risk of fractional reserve and no key ownership, same with us equities / stocks, you get only partial exposure and you are basically buying with fractional reserve, JUST BUY BTC
>i was buying below 1000$ and i still keep buying above 40000$
>YOU NEED 56 MILLION SATOSHIS (0.56 BTC) TO BE IN THE TOP 20%
>BTC is not a get-rich-quick scheme, it's a don't-get-poor-slowly scheme
YOU ONLY HAVE ONE TASK, BUY AND HOLD BTC
DON'T FUCK IT UP ANON

>>	Anonymous Wed Feb 17 07:28:00 2021 No.28942556 File: 43 KB, 300x297, 1611143246325.png [View same] [iqdb] [saucenao] [google] >>28942400 Unironically based as fuck OP.

Anonymous Wed Feb 17 07:28:41 2021 No.28942584

Really considering dropping 5k of my 10k money on it because that one chick who predicted Tesla also said that companies just need to put 1% of their money into it to get an increase of 40k, that’s almost 2x so it’s actually still undervalued going by that. I don’t think this is a meme like GME at least, what with people’s dissatisfaction with fiat currency and the massive printing going on. Still a bit scared even if all I have to do is hold.

>>	Anonymous Wed Feb 17 07:29:48 2021 No.28942632 >>28942400 based >>28942584 I'm also considering selling at least a portion of my 35k€ worth of NASDAQ-100 ETF shares for more BTC unfortunately I only have 0.09 BTC so far and hesitated too long

>>	Anonymous Wed Feb 17 07:30:10 2021 No.28942651 I see this post every day and I read it from start to finish every single time. Most based post on 4channel

>>	Anonymous Wed Feb 17 07:31:50 2021 No.28942733 File: 3.20 MB, 2951x9999, 1511722473353.jpg [View same] [iqdb] [saucenao] [google] bitcoin maxi threads are super comfy

>>	Anonymous Wed Feb 17 07:33:01 2021 No.28942792 File: 1.76 MB, 1652x3056, 1514264392889.png [View same] [iqdb] [saucenao] [google] >>28942733

>>	Anonymous Wed Feb 17 07:34:48 2021 No.28942887 >>28942584 >>28942632 you had 12 years.

>>	Anonymous Wed Feb 17 07:35:44 2021 No.28942942 >>28942887 I would have been 9 years old then with like 2 dollars to my name.

>>	Anonymous Wed Feb 17 07:35:50 2021 No.28942946 >>28942887 no I hadn't, I'm only 21 also we're not complaining, stfu

>>	Anonymous Wed Feb 17 07:37:28 2021 No.28943041 How do you deal with the feeling that you're too late to the party bros? even if I wage for 3 years until the next bullrun, investing $2000 every month in BTC I'll still have at most a couple hundred thousand

>>	Anonymous Wed Feb 17 07:39:20 2021 No.28943136 >>28943041 Even just a 100k would be life changing for a lot of people. Heck, an extra 10k would be immensely great, especially if you grew up in a family like mine that doesn’t have a single engineer and or stem related skill set.

>>	Anonymous Wed Feb 17 07:41:11 2021 No.28943221 >>28942400 Based. I just liquidated a shitty blackrock world ETF position. Fuck Beta hedging, I want Alpha and I want to own the greatest Asset of our generation.

>>	Anonymous Wed Feb 17 07:41:55 2021 No.28943259 >>28943221 Why is btc so good?

>>	Anonymous Wed Feb 17 07:43:06 2021 No.28943321 >>28942632 I bought 1 Bitcoin + change beginning from December. Its not too late bro. Liquidate that shitty boomer ETF with 5% annual. I just sold 6000 USD worth of iShares World trash

>>	Anonymous Wed Feb 17 07:44:35 2021 No.28943392 These threads make me want to withdraw my entire 401k and drop it all on btc.

Anonymous Wed Feb 17 07:45:08 2021 No.28943417
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>>28943321
eh, my NASDAQ-100 ETF performs pretty nicely desu
I might sell a portion of it for more BTC but probably not all
starting next month I'll have a monthly income and I'll just dca BTC from then, buying maybe 100-250€ each month

Anonymous Wed Feb 17 07:45:52 2021 No.28943460

>>28943259
You are essentially buying a piece of a financial network that is beginning to become the dominant highly liquid store of value, essentially a non manipulated, non banker owned, sovereign store of wealth. The growth we are seeing ia literally just adoption, in 10-15 years the price will be stable and only move at around 5-10% per year. Early movers got insanely rich, but we are still super early.

Anonymous Wed Feb 17 07:47:29 2021 No.28943551

>>28943417
I took out a loan from my mom - no interest of course - and if I was in your position I think I would simply take out a loan for those 200€ a month and fomo in. With growth stocks you see these wild swing but Bitcoin is too scary, it just keeps growing out of my reach.

>>	Anonymous Wed Feb 17 07:49:18 2021 No.28943648 >>28942400 This

>>	Anonymous Wed Feb 17 07:49:19 2021 No.28943651 >>28942651 Same here, anon. I look forward to it every time

Anonymous Wed Feb 17 07:50:18 2021 No.28943715

>>28943417
Oh, just noticed you're german too.
Once you own 1 Bitcoin you'll feel like you're part of the unironic elite. It's exhiliarating almost, especially whenever I see central bank criminals trying to fud and whine about Bitcoin. Just today some news about the Chicago Fed boomer Bullard who said "Bitcoin is not a danger to the USD domination" (he literally thinks his shitty war crime token still has value)

>>	Anonymous Wed Feb 17 07:52:03 2021 No.28943800 >>28943551 >>28943417 (i put in 1000€ a month and give that to my mom essentially, as she handed me the cash up front and I felt that BTC would grow extraordinarily quickly beginning with December)

>>	Anonymous Wed Feb 17 07:52:48 2021 No.28943835 >>28943041 You realize if you don’t start now youll experience that same feeling for the rest of your life. Over and over.

>>	Anonymous Wed Feb 17 07:56:24 2021 No.28944041 >>28943835 100% The feeling of missing the chance of a lifetime because you didnt buy Bitcoin at sub 100 dollars? This feeling will stick with you forever. Even now it's a bargain.

Anonymous Wed Feb 17 07:56:32 2021 No.28944046

>>28943835
You're right of course, but the feeling is still there. I guess I'll have to bear and keep buying regardless. I never feel it regarding some shitcoin doing 100x or 1000x because you can literally never have known for sure that that shitcoin would moon, but BTc was so obvious in hindsight.

Anonymous Wed Feb 17 07:57:05 2021 No.28944070
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Can someone tell me more about good ways to store offline and how to actually gain monetary purchasing power value with my coins? Like I don't ever want to sell, but I guess you have to once you make it, in order to be able to enjoy that wealth? Is atomic wallet ok? Or should I really invest in a hardware wallet? I'm retarded.

>>	Anonymous Wed Feb 17 07:57:06 2021 No.28944071 >>28943136 Just keep putting some in dude. 2021 is like the last year to jump in to make serious gains so dont be discouraged. When there is a dip see if you can put a little more in too

Anonymous Wed Feb 17 08:02:38 2021 No.28944348

>>28944070
I own a Ledger Nano S and although I was scared about the leaks, my data was not compromised and I bought in October, so they obviously fixed the leak. It costs like 60 euro shipping included, and in my opinion it's great, gives you a sense of calm. Everything that is digital can be hacked and your device can be infected with a keylogger and you'll lose your stuff.
It's tempting to lend your BTC or other cryptos out on these defi platforms but honestly, I would not do it at this point in time, there is not enough regulation and rugpulls, exit scams and hacks are far too common in this Defi space. Your funds are only safe in your own wallet.

Anonymous Wed Feb 17 08:03:57 2021 No.28944412

>>28944046
In hindsight everything is obvious, use the hindsight and foresight you have now to amass as much BTC as you can, you will not make 100x on it, but you will make great profits regardless, and you will sleep easily at night, no worrying, Bitcoin is literally the king of Crypto and it sucks up all the other shitcoins over time.

>>	Anonymous Wed Feb 17 08:05:01 2021 No.28944462 >>28942400 how much bitcoin is a make it stack now?

>>	Anonymous Wed Feb 17 08:05:43 2021 No.28944504 >>28944462 probably 4 BTC.

Anonymous Wed Feb 17 08:07:16 2021 No.28944577

>>28944412
The best strategy is to probably make it with some kind of business unrelated to crypto and invest all the profits to bitcoin. I've been trying to get funding for a startup idea, but holy fuck is it hard when you don't have a name in the industry.

>>	Anonymous Wed Feb 17 08:08:17 2021 No.28944635 >>28944046 The future is obvious even today. If you won’t act then you weren’t meant to make it. Don’t miss the boat a third, fourth, or fifth time. Or do, whatever works for you.

>>	Anonymous Wed Feb 17 08:08:39 2021 No.28944649 >>28943417 dca during a hyperbolic bull run is probably not the greatest plan

>>	Anonymous Wed Feb 17 08:08:53 2021 No.28944667 File: 84 KB, 919x380, 1231321546554.png [View same] [iqdb] [saucenao] [google] Daily reminder to not be like this faggot midwit who thinks he can predict when bear market is against every indicator that exists

>>	Anonymous Wed Feb 17 08:09:04 2021 No.28944678 >>28944070 I use a bootable usb linux distro with a persistent volume to store everything. Seed words saved in multiple places offline.

>>	Anonymous Wed Feb 17 08:09:50 2021 No.28944727 >>28942400 In 10 years we’ll see all we simply had to do was buy and never sell, the same as those realised this in 2011. Many traded their early retirement for some shekels

>>	Anonymous Wed Feb 17 08:10:23 2021 No.28944753 >>28944504 if that's your definition of "make it" you're financially illiterate

>>	Anonymous Wed Feb 17 08:12:44 2021 No.28944864 >>28943835 Based anon

>>	Anonymous Wed Feb 17 08:14:47 2021 No.28944952 >>28944753 4 bitcoin will be enough to borrow against them for the entirety of your life. If Bitcoin goes to 100k it's literally a foregone conclusion, I think youre financially illiterate in assuming that 4 BTC will only be like 1 Million

Anonymous Wed Feb 17 08:15:18 2021 No.28944991

>>28944727
There is nothing wrong to accumulate some more BTC during a bear market
Sell high and buy in the double or triple amount you hold
But yes one should not swing trade or anything similair, long time holding is the key of success in BTC and I do it since 2016 myself

>>	Anonymous Wed Feb 17 08:17:13 2021 No.28945091 >>28944952 You misunderstood me, I meant you don't need that much to make it. You could already live comfortably from passive income with that much.

>>	Anonymous Wed Feb 17 08:19:49 2021 No.28945217 >>28945091 I see. Yeah, you're absolutely right anon. I think 2 Bitcoin would be enough to make enough Passive income to cover an entire families middle class living expenses in the not so distant future.

>>	Anonymous Wed Feb 17 08:23:10 2021 No.28945381 >>28944991 True but it’s like Tesla, Amazon stock anyone who traded got rekt compared to if they just held . I know this cause I swung tsla since $70 before the split and got priced out, made a few x but would’ve made 40x or so

>>	Anonymous Wed Feb 17 08:42:36 2021 No.28946456 >>28945381 I have a lot less faith in Tesla or Amazon than in BTC though.

>>	Anonymous Wed Feb 17 08:46:47 2021 No.28946672 >>28946456 Half the reason people are investing in Tesla is because they can’t invest directly in spaceX due to it being a private company. And you’d be a complete retard not to invest in that.

>>	Anonymous Wed Feb 17 08:48:12 2021 No.28946744 >>28946672 How can I pay less when I'm withdrawing from an exchange?

>>	Anonymous Wed Feb 17 08:51:55 2021 No.28946938 >>28942400 I have been waiting a fucking week for funds to clear and transfer to my fucking exchange account. Im Gonna fucking miss it aren't I. NGMI BROS I JUST WANT SOMEBODY TO HOLD ME AND TELL ME ITS WILL BE OK

>>	Anonymous Wed Feb 17 08:55:10 2021 No.28947135 >>28942400 Keep posting this every day based fren

>>	Anonymous Wed Feb 17 08:55:55 2021 No.28947177 >>28946672 give me the sensible rundown on spacex, no technonigger hype, no transhumanist neolib bullshit, just the straight value prop. What's the business here? Space mining?

>>	Anonymous Wed Feb 17 08:57:07 2021 No.28947257 >>28946938 I am in the process of sending 6500USD to my exchange (kraken) and I dont sweat it. Stay calm fren. What's your xchange?

>>	Anonymous Wed Feb 17 08:58:56 2021 No.28947382 >>28947177 Planes that can also go to space but you can also use them more than once. Once they get Starship going it will obliterate every nation and company out there it wouldn’t even be funny.

>>	Anonymous Wed Feb 17 09:01:03 2021 No.28947500 >>28947257 Binance. Was told it's the best for beginners in the coin market. I hold boomer stonks so investing isn't new to me. Kicking myself I didn't buy btc when it first came out.

>>	Anonymous Wed Feb 17 09:08:56 2021 No.28947927 >>28943041 How do you figure? $2000 per month for the next 3 years is $72k. That should be enough for 1.5BTC through the next bear market. 0.1 BTC is unironically going to be the make it stack in 2025.

Anonymous Wed Feb 17 09:10:16 2021 No.28948006

>>28947382
dude, what's the value there? We dont need planes that can go to space for anything...what problems would they solve? It's a fucking non-issue and the business has no value. Nobody needs to go to space, and even if you compare them to a space airline, do you not know that airlines are horrible businesses?

>>	Anonymous Wed Feb 17 09:10:30 2021 No.28948021 >>28942400 redpill me on AAVE

>>	Anonymous Wed Feb 17 09:11:21 2021 No.28948083 >>28947927 I am pretty certain that we will break 100k before the year ends. 1.6 trillion market cap is more than in order.

Anonymous Wed Feb 17 09:17:24 2021 No.28948462

>>28948006
>Planes are horrible businesses
Yeah sure unless you somehow managed to get in when the wright brothers invented them. Starlink is also another thing Starship will be good for unless you think faster internet everywhere and cheaper prices overall is not useful.

Other than that I don’t really have any arguments besides your aforementioned “transhumanist” values, even though I would argue the internet and any other technological revolutions ( which made many people very wealthy ) would be a good way to make money in the long run.

>>	Anonymous Wed Feb 17 09:19:03 2021 No.28948546 >>28942946 >I'm a dumbass poor zoomer Hmm what's that faggot?

Anonymous Wed Feb 17 09:27:25 2021 No.28949090

>>28948462
Bro, no offense here but you do realise that this is entirely you just getting hyped about SPAAACE like some soijack redditor right? I mean there is no value here, travelling through space is already possible and it's called taking a plane and it's purpose is to literally send you through space and to some place else. This idea of space tourism is the biggest blunder in the 21st century, Elon Musk is not the visionary you probably think that he is. The only fundamental value in the entire spacex realm is rocket propulsion technology for weaponry.

>>	Anonymous Wed Feb 17 09:33:04 2021 No.28949495 Buy now anyway or wait for small dip bros

Anonymous Wed Feb 17 09:36:38 2021 No.28949762

>>28946938
Fraulein got potential we could be a family
Met her in the crowd at a Bitcoin rally
No tats, classy, body like an athlete
From the way she acted i knew she want a Maxi

[Chorus]
No altcoin faggot, she want a Maxi
From the way she acted i knew she want a Maxi
Not a altcoin faggot, she want a Maxi
From the way she acted i knew she want a Maxi

Anonymous Wed Feb 17 09:36:58 2021 No.28949784

>>28949090
Regardless of what they’ll be used for and whether or not that would lead to some pop-sci scenario like space mining or just some gay expensive tourism for the rich it’ll still be used for *something* and it’ll be way, way better than anything on the market to the point they’d have a monopoly on it. Stonks, and anything related to this company whether that be software ( surely they don’t code literally everything? ) or hardware ( satellite companies ) will go up as long as people keeps thinking it’s worth that arbitrary amount.

>>	Anonymous Wed Feb 17 09:42:49 2021 No.28950178 >>28943392 you should have done that a year ago

>>	Anonymous Wed Feb 17 09:46:31 2021 No.28950452 >>28944991 >don't swing trade If you sold in Dec 2017 at 15k and bought in a year later at $5k then yes, swing trading was an excellent idea.

Anonymous Wed Feb 17 09:50:30 2021 No.28950738

>>28949784
Space tourism is a meme at this point still a long way away, just cause a few have/are going up doesn’t mean it’s anywhere near ready to go on any kinda scale, space mining is huge but decades away from even being attempted. neurolink/meaningful ai tech is even further then that. Elon is an amazing hype man, there will be others who come through with more substance though

>>	Anonymous Wed Feb 17 09:50:32 2021 No.28950740 If I invest £20. Will I make legit bank?

>>	Anonymous Wed Feb 17 09:51:05 2021 No.28950788 >>28950178 No kidding but I don't think my balls are that big

>>	Anonymous Wed Feb 17 09:51:22 2021 No.28950803 >>28950452 >if you can see the future then yes swing trading is smart No shit

>>	Anonymous Wed Feb 17 09:53:05 2021 No.28950931 File: 118 KB, 591x1280, 6B1DAC54-6EE9-4D83-89F6-02B3EF7E2F6A.jpg [View same] [iqdb] [saucenao] [google] Guys?

>>	Anonymous Wed Feb 17 09:53:26 2021 No.28950960 >>28950740 better than nothing at all, thats for sure. Fiat to Zero

>>	Anonymous Wed Feb 17 09:53:58 2021 No.28951010 >>28947927 >0.1 BTC agree - that is the amount necessary to maintain a position in the top 20% in the future. Think of it as like earning $100k salary - that is the level.

Anonymous Wed Feb 17 09:54:00 2021 No.28951012

>>28947927
I mean even if btc 10x it's still less than a mill
>>28947177
They're a monopoly in all things space related. Mining, satellites, shuttling, possibly energy harvesting in space etc.
Anything you can think of that can be done in space, that can be profited off of, SpaceX will have first mover advantage in regards to that. It's not about what they are capable of right now, it's the future value that they bring.

>>	Anonymous Wed Feb 17 09:56:56 2021 No.28951201 BTC is unique in that it will always, always get you a profit. Even if you buy at an ATH, wait 4 years and quadruple your cash.

>>	Anonymous Wed Feb 17 09:58:37 2021 No.28951335 >>28947927 >0.1 BTC is unironically going to be the make it stack in 2025. God I hope so, I have .3 and I'm too poor to really accumulate much more.

>>	Anonymous Wed Feb 17 10:04:21 2021 No.28951730 Nigga I'm 72, I can't hold btc for a decade. I'm trying to get them fat stacks now.

>>	Anonymous Wed Feb 17 10:05:17 2021 No.28951803 Any quick tut on how to store btc offline?

>>	Anonymous Wed Feb 17 10:08:59 2021 No.28952048 >>28942400 >>don't try to time the market, i just bought my weekly dose of sats Based. I have an auto-purchase every Monday for $115 and I'm just letting that shit ride.

>>	Anonymous Wed Feb 17 10:10:15 2021 No.28952151 >>28951730 youve had 72 years to make your own bitcoin

>>	Anonymous Wed Feb 17 10:10:30 2021 No.28952181 >>28950960 Will I ever be a thousandaire

>>	Anonymous Wed Feb 17 10:11:03 2021 No.28952218 >>28947927 I'm buying in and am up to 0.05. Working on getting to 0.1 or more.

>>	Anonymous Wed Feb 17 10:11:26 2021 No.28952254 >>28951803 dude, there are thousands of hours of this shit on youtube.

>>	Anonymous Wed Feb 17 10:12:11 2021 No.28952299 >>28952254 Yeah which is why i wanna know what the best way is, don’t wanna get jewed into something that’s not actually safe

>>	Anonymous Wed Feb 17 10:12:28 2021 No.28952321 >>28952181 With 20 quid? Not very likely, but you might turn it into 200+

>>	Anonymous Wed Feb 17 10:12:56 2021 No.28952361 >>28952299 Buy a Trezor or Ledger. Don't make it harder than it is.

>>	Anonymous Wed Feb 17 10:14:27 2021 No.28952456 >>28952299 as the other anon said. Buy an easy to set-up hardware wallet. I would recommend Ledger, Trezors are hackable (Kraken found this out a while back).

>>	Anonymous Wed Feb 17 10:14:27 2021 No.28952459 File: 13 KB, 194x259, download (13).jpg [View same] [iqdb] [saucenao] [google] Your mother will die in her sleep tonight if you don't put your coins into this address right now DArPA6bjxEHPiSez1DzE9u8eLv1mUuSfHx

>>	Anonymous Wed Feb 17 10:19:55 2021 No.28952843 >>28943460 >a non manipulated, non banker owned, sovereign store of wealth. You can't out kike a kike anon. At some point they will win, they always do.

>>	Anonymous Wed Feb 17 10:20:59 2021 No.28952901 >>28947927 Anon make it is 8 figures - you do realise this?

>>	Anonymous Wed Feb 17 10:21:12 2021 No.28952917 >>28942792 Wish I was on the board in 2015. Do you think we're ever going to crash below 50k again or are we making a new floor?

>>	Anonymous Wed Feb 17 10:21:31 2021 No.28952937 You know I would invest more in to Bitcoin but the whole KYC thing kinda puts me off it!

>>	Anonymous Wed Feb 17 10:22:42 2021 No.28953018 >>28952917 I think the crashes will only be in the 25% range from now on, it's just too much money in BTC. Unless there is some black swan event the prices will always hold stable at around 75% ATH

>>	Anonymous Wed Feb 17 10:23:37 2021 No.28953091 >>28953018 War Anon war

>>	Anonymous Wed Feb 17 10:24:10 2021 No.28953125 >>28952937 You could in theory buy Monero on kraken (which is KYC) and then use that monero to buy Bitcoin on an unregulated exchange (non KYC). Nobody would know you hold BTC and your wallet is untraceable to your identity.

>>	Anonymous Wed Feb 17 10:24:46 2021 No.28953162 >>28952299 You can make a paper wallet with 100% offline key generation. Here's a trustworthy source: https://paperwallet.bitcoin.com/

>>	Anonymous Wed Feb 17 10:28:16 2021 No.28953401 >>28953162 Anon, that guy is afraid of being scammed by youtube tutorials on normie wallets, if you unironically recommend paper wallets to him you pretty much made him lose his BTC

>>	Anonymous Wed Feb 17 10:32:05 2021 No.28953689 >>28953018 So I should buy in now or EOY? I only have maybe 1k to put in, I want to wait until I make some more money off shitcoins and then put all of that into BTC.

Anonymous Wed Feb 17 10:34:32 2021 No.28953846

>>28953401
He wanted the safest and most secure option. Hardware wallets come with the flaw that you have to give your information to the company who produces it and they can lose (and have lost) information to hackers. Offline paper wallet generation is the safest option, if he fucks it up that's on him.

>>	Anonymous Wed Feb 17 10:37:30 2021 No.28954034 >>28953125 Truthfully I'm thinking about investing in Monero.

>>	LebAnon Wed Feb 17 10:41:05 2021 No.28954278 >>28954034 based >>28920842 check out the daily generals XMR stands for what people think BTC is dca dca dca

Anonymous Wed Feb 17 10:43:13 2021 No.28954433
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I'm 95% BTC and 5% ETH and I honestly want to just sell the ETH and go all BTC. ETH is just such a shitcoin, after all these years they still can't scale it. With BTC they couldn't either but we just came to know it as a store instead of a means of tx so it doesn't really matter anymore, but ETH has the entire alt market built on it and it just cant scale efficiently. It will still probably go to 10k+ but jeez what a fucking shitcoin.

Anonymous Wed Feb 17 10:45:06 2021 No.28954569

>>28953689
I can only tell you that my deposit of ~6500k (5700eur) is headed to my exchange and that I will fill a limit buy order at market price within the next 24 hours. What you have to realise is that in 3 months you will maybe have missed out on 30-50% growth. And by buying now your potential "loss" is only around 10% (I doubt the price will even give that much in the days to come, if at all)
I FOMO in because I am sincerely more afraid of missing out on sub 100k BTC than I am about anything else financially speaking.
So if I was you, fuck yeah I would fill that order. Just remember to not panic about volatility, countless weak hands have left Bitcoin in the last decade, the only ones that will be rich are the ones that hold.

>>	Anonymous Wed Feb 17 10:45:39 2021 No.28954604 >>28953689 if you do anytihng other than buying now you're trying to time the market, which as smart as we think we are, is generally impossible to do correctly. just buy

>>	Anonymous Wed Feb 17 10:46:08 2021 No.28954643 >>28954433 I dont hold any ethereum and I dont believe in it at all. With all these gas fee pink wojaks. Bitcoin fees are chump change compared with what you have to cough up for moving a few hundred bucks in that eth ecosystem.

>>	Anonymous Wed Feb 17 10:46:47 2021 No.28954694 >>28954604 I've had some luck fishing with buy orders by looking at the crazy flash dips BTC gets and putting an order a few percent above it.

>>	Anonymous Wed Feb 17 10:47:57 2021 No.28954784 >>28952361 >>28952456 Thanks. I read a ledger still needs some kind of network/software though, can’t that be hacked? Or does it never require any internet connection

>>	Anonymous Wed Feb 17 10:49:52 2021 No.28954915 >>28942400 I own 1 BTC. Just 1. You know how much I am going to sell it for? I'm never going to sell. I will escape to Japan and bleach asians.

>>	Anonymous Wed Feb 17 10:51:02 2021 No.28954996 >>28954915 idiot sell at 300-600k it will crash to 50k in 18 months again

>>	Anonymous Wed Feb 17 10:51:06 2021 No.28955002 >>28953846 So paper is absolute safest? I’ll research that

Anonymous Wed Feb 17 10:51:54 2021 No.28955074

>>28954784
The ledger software is open source, not that it matters that much, the security is your ledger USB stick, which basically acts as a safety net of last resort, as the private keys are stored on this thing, and only accessible by you or someone that gets a hold of your ledger+your password (or private keys). So if you hide the ledger in your house or something, and if you dont tell people you can not trust about your ledger, you dont have to worry. I would recommend buying some kind of titanium sheet metal and stamping set so that your private keys (the 24 words you are assigned at random) are fireproof.

>>	Anonymous Wed Feb 17 10:54:05 2021 No.28955250 >>28954996 Retard

Anonymous Wed Feb 17 10:56:29 2021 No.28955426

>>28955002
paper is only safe insofar that it gives you the option of never interacting with any other trusted third party, but it also means that you are liable to fuck up and it's more complicated. Although it is certainly the "safest" way. But in essence there are a multitude of safe ways, the only real risk with ledgers is that they store your private data on their servers and that people (as happened before) hack their servers.
So yes, if you can, paper wallets are safer, but since youre so new and don't seem very knowledgeable about the technology behind crypto, you might go the "normie" route

>>	Anonymous Wed Feb 17 10:57:32 2021 No.28955505 >>28954996 weak fud. If BTC unironically goes to 300k let alone 600k it's over, at that point the "crashes" will be miniscule dips.

>>	Anonymous Wed Feb 17 10:57:43 2021 No.28955522 >>28955074 Thanks for taking the time to help. The other anon said you have to give info to the company that makes the ledger, does not that give risk if the company goes bankrupt/disappears for some other reason?

>>	Anonymous Wed Feb 17 10:58:00 2021 No.28955538 >>28942400 >don't swing (or you will lose sats) buy at 20k, sell at 40k, buy at 30k - you just gained sats

>>	Anonymous Wed Feb 17 10:58:59 2021 No.28955608 File: 17 KB, 567x377, crypto 2021-02-17.png [View same] [iqdb] [saucenao] [google] i put $10k in crypto at the worst time in 2018. haven't touched it since. feels good to be in the positive gains again.

>>	Anonymous Wed Feb 17 10:59:40 2021 No.28955659 >50% crashes are normal Then isn't the smartest thing to do sell when it's crashing and buy again when it finally reaches the 50% crash?

>>	LebAnon Wed Feb 17 10:59:52 2021 No.28955679 >>28955538 you can't time the market

>>	Anonymous Wed Feb 17 11:00:00 2021 No.28955692 >>28955608 I did something similar, but I bought more in the following dip. Good job for not selling any

>>	Anonymous Wed Feb 17 11:00:43 2021 No.28955730 >>28955659 they were normal, I think the dip down to 30k is the best you could have gotten

>>	Anonymous Wed Feb 17 11:01:01 2021 No.28955757 >>28950803 >he can't see the future NGMI

>>	Anonymous Wed Feb 17 11:01:03 2021 No.28955760 >>28955659 youll never time it perfectly

Anonymous Wed Feb 17 11:01:36 2021 No.28955802

>>28955522
the protocol that is inherent to the ledger wallet is an open source protocol and you can access your funds via said protocol, does not matter whether or not the company does not produce their product anymore. The only data that you "give" them is payment data and your adress (if they ship it to you) so if you want to be safer, you can enter a different name and maybe have them send it to these communal postage boxes (I dont know if you have these in your country). But all in all, the leak has happened, their data is safe now and my data was not corrupted and I bought in October.

>>	Anonymous Wed Feb 17 11:03:10 2021 No.28955924 >>28951730 if you're 72 who cares?

>>	Anonymous Wed Feb 17 11:03:22 2021 No.28955945 >>28955505 > its different this time

Anonymous Wed Feb 17 11:04:32 2021 No.28956019

>>28955505
Why? If we repeat the same halving pattern we had the last two cycles, it should move to 300-400k and then down to 40-50k. What makes this one so different?
>inb4 institutions
They may not panic sell but they still can sell if they think the halving cycle is repeating

Anonymous Wed Feb 17 11:04:32 2021 No.28956020

>>28955002
Yes, it is. With a trusted key generator you can install and run the generation on a completely offline computer and literally never expose your keys to the internet unless you choose to. You'll have to give your public key to transfer funds into the wallet, but your private key will remain offline until you need to take funds out which involves importing your private key to an electronic wallet to send funds.

Anonymous Wed Feb 17 11:05:09 2021 No.28956060

>>28955002
OP here: Don't use a paper wallet. You can fuck it up really easy. You need to generate a paper wallet first. For that you need a website. Then you need to make sure you're not connected to the internet for safety reasons. Then you move your mouse to get a random seed but how do you know its truly random and the website isn't recording it somehow and then getting the info once you connect to the internet again and steals your crypto?

I know that sounds shizo as fuck, but what if BTC goes to 10 million someday and they steal your BTC?

Another problem is as far as I know paper wallets only have one private and one public key. Normally most wallets have multiple public keys. It is recommended to not use the same public key when receiving BTC. Also as far as I know one should everytime create a new paper wallet when sending BTC from it to another wallet.

Just buy a trezor and a ledger and put 50% of your BTC in both. This diversifies your risk and both are probably the most secure solutions as long as your seeds are safe. The private key is saved on the device and never leaves it.

Anonymous Wed Feb 17 11:05:32 2021 No.28956091

>>28955802
Thank you. One more question, and I know I sound like a complete retard (I’m just a normie who has a little bitcoin without knowing what it is), you say they store data on their servers. I’m assuming these servers are located somehwere physically, can these servers be physically destroyed, and would that be a problem?

Anonymous Wed Feb 17 11:07:14 2021 No.28956208

>>28954278
Fraulein got potential we could be a family
Met her in the crowd at a Bitcoin rally
No tats, classy, body like an athlete
From the way she acted i knew she want a Maxi

[Chorus]
No altcoin faggot, she want a Maxi
From the way she acted i knew she want a Maxi
Not a altcoin faggot, she want a Maxi
From the way she acted i knew she want a Maxi

Anonymous Wed Feb 17 11:08:28 2021 No.28956295

>>28955426
Paper wallets aren't really complicated and I think learning about them is a great way for a new person to start because unlike normie-focused wallets you have to learn what public and private keys are and why it's important to keep them secure. Paper wallets were one of the first things I learned about when I was new to crypto and hardware wallets honestly aren't worth it if you're responsible enough to keep the paper wallet safe.

Anonymous Wed Feb 17 11:09:51 2021 No.28956395

>>28956091
No, the data is just your personal data. Once you have set up the ledger, and you deposit your funds to your wallet, it's stored on the blockchain and only accessible through your private keys which are visualised in the form of 24 randomly generated words (otherwise it would just be a very very long chain of letters and numbers IIRC).
So your data is your own data, the only data they store (you can also request that they delete it under the EU data security law or something) is your personal data, like name and private address. Once you store your funds on a hardware wallet, you are 100% in charge, no middle men, they can not bail you out if you lose your keys or something.

>>	Anonymous Wed Feb 17 11:10:17 2021 No.28956421 File: 86 KB, 400x400, 1562132699324.gif [View same] [iqdb] [saucenao] [google] >>28954996 >sell at $300k >watch it crash to $50k >Buy >turn 1btc into 6btc That's how you fucking make it.

>>	Anonymous Wed Feb 17 11:10:31 2021 No.28956437 >>28951730 Bro just cash out, you're gonna die soon and your bitcoins will be lost.

Anonymous Wed Feb 17 11:10:40 2021 No.28956444

How to buy without KYC?
I don't want the govt to know I have BTC linked to my SSN
They may try to force all Americans to turn in their Bitcoin for Fedcoins
I was looking if it's possible to buy Visa cards with cash and then buy on Binance or perhaps cash with Localbitcoins is only way?
I can see some politicians coming along and proposing a wealth tax on "greedy hoarders" to fund healthcare/college debt forgiveness/whatever and campaigning on taking people's BTC wealth.
Help me bros

>>	Anonymous Wed Feb 17 11:11:21 2021 No.28956488 >>28955679 >you can't time the market speak for yourself, faggot

>>	Anonymous Wed Feb 17 11:11:25 2021 No.28956493 Sounds like the top is just about in

Anonymous Wed Feb 17 11:11:51 2021 No.28956521

>>28956060
>Then you move your mouse to get a random seed but how do you know its truly random and the website isn't recording it somehow and then getting the info once you connect to the internet again and steals your crypto?
You can actually save the website to your computer, transfer all the HTML files to a computer that has never connected to the internet, generate your keys, print the wallet, and continue to never connect that computer to the internet.
If saving a website is too complicated, there are trusted open source offline wallet generators which you can also download, transfer to an offline computer, and do the same thing.
It's not that hard and anyone getting into crypto should learn about this stuff because it's important to understand. Otherwise they'll just be a dumb scammable normie forever.

>>	Anonymous Wed Feb 17 11:11:56 2021 No.28956527 >>28956421 this is me

>>	Anonymous Wed Feb 17 11:13:03 2021 No.28956594 >>28956421 >Sell at 300k >BTC goes to 1million because its in a supercycle >Rope yourself because you couldve had 3x

>>	Anonymous Wed Feb 17 11:14:03 2021 No.28956676 >>28956444 >force you can't confiscate bitcoin.

>>	Anonymous Wed Feb 17 11:14:41 2021 No.28956732 >>28956421 >hits $300k >anon sells >anon gets ready to buy more >hits $400k >hits $600k >hits $800k >hits $1.2M >hits $1.9M >crashes to $1.5M

>>	Anonymous Wed Feb 17 11:14:57 2021 No.28956762 >>28956421 That's my plan exactly. And if it doesn't go down I just cash out, at 300k there's not much potential profit for me to lose out on, btc can't go much higher than 1.5 mil anyway. But I'll only do it with half of my btc, just in case.

Anonymous Wed Feb 17 11:15:05 2021 No.28956778

>>28956444
I mentioned this before. You will have to sacrifice a little bit though as you need an onramp of some sort:
>1. Make an account on Kraken and have them KYC you
>2. Once KYC is cleared you take your funds there, and buy Monero.
>3. You now have an off-ramp into non kyc crypto trading.
>4. Move your Monero to your private wallet, maybe send it to another wallet afterwards to "launder" the "dirty" monero trail.
>5. Go to an unregulated exchange without KYC laws and sell your Monero for BTC or anything else.
>6. Profit.

Anonymous Wed Feb 17 11:16:09 2021 No.28956854

>>28956594
Fortunately BTC has historical patterns you can follow. The parabolic FOMO phase is an excellent indicator of a top. When a buying frenzy starts 2x the price on a daily basis, in a range many times the previous cycle's ATH, you can reasonably infer that it doesn't have staying power and a lot of people are about to dump.

Anonymous Wed Feb 17 11:16:12 2021 No.28956859

>>28956421
Based. But its important to not sell too early. The people selling now at 50k, even those up several hundred % points, are selling way, way too early. The hardest part of trading is timing the top, you must watch daily for signs of extreme euphoria, over extension, etc.

Just think about it - as we near the top, we will be seeing $10,000 fluctuations daily. The final impulse wick right before the very peak could be like a $23,400 move in a day. One has to be ready for that. Strong hands and cool heads will prevail.

>>	Anonymous Wed Feb 17 11:16:15 2021 No.28956864 >>28956732 See even in your worst case scenario you only lose 5x. Which isn't so much you'll lose sleep over it

>>	Anonymous Wed Feb 17 11:16:26 2021 No.28956879 >>28956732 >BTC crashes from 2M to 1.5M in 2025 >Normies and Peter Schiff say, "See, told ya it was a bubble"

Anonymous Wed Feb 17 11:17:16 2021 No.28956932

>>28956521
anon, not for nothing but this shit is really complicated and there are many ways for you to fuck up if youre not really secure in knowing your way around tech shit. There is a reason why "normie" wallets exist, they are important for people who have a hard time already visualising the mechanisms behind the entire blockchain concept.

>>	Anonymous Wed Feb 17 11:17:30 2021 No.28956957 >>28956594 Ill sell 1 btc at 200k Keep the rest. See what happens. If we supercycle im still a millionaire. If it slips back to 50k I have 3 more btcs. I want at least one (1) extra Bitcoin

>>	Anonymous Wed Feb 17 11:18:16 2021 No.28957011 >>28956859 You're right. We're obviously early in the cycle so selling now expecting a top is a mistake. According to my methodology the time to sell near the top will be around Dec 18-28th.

>>	Anonymous Wed Feb 17 11:18:31 2021 No.28957035 File: 6 KB, 250x250, 1613217589996s.jpg [View same] [iqdb] [saucenao] [google] DIAMOND HANDS ROCKET APE ROCKET ROCKET HODL NEVER SELL

>>	Anonymous Wed Feb 17 11:19:24 2021 No.28957091 >>28956864 a 500% gain is huge when you're already in the 300k territory.

>>	Anonymous Wed Feb 17 11:21:12 2021 No.28957238 >>28957091 Doesn't really matter what territory you're in 5x is a 5x. And it's unfortunate to miss out on that but it won't give you the kind of lifelong PTSD a 50x would give

>>	Anonymous Wed Feb 17 11:23:57 2021 No.28957462 >>28957238 I dont think so. A 5x when you are already up massively is far better than a measly 50x when you only had a few thousand bucks in. And who would risk 300k on some potential 5000% shot in the dark?

>>	Anonymous Wed Feb 17 11:24:04 2021 No.28957471 >>28957238 Can confirm the PTSD over 50x. I still occasionally feel suicidal over not buying BTC when it hit $1k.

>>	Anonymous Wed Feb 17 11:25:25 2021 No.28957581 >>28957471 In hindsight it's always easy to tell what and what not to do. Would you have had the balls to drop 50k on that opportunity back then? Would you have held? Most likely not.

>>	Anonymous Wed Feb 17 11:25:31 2021 No.28957590 So let me get this straight, BTC is big purely because it was first and it's popular, and nothing can overthrow it coz >clownworld so therefore I should get in because it isn't actually too late because >clownworld Am I on the money?

>>	Anonymous Wed Feb 17 11:26:43 2021 No.28957680 >>28942733 >comfy this, kek

>>	Anonymous Wed Feb 17 11:27:05 2021 No.28957696 File: 119 KB, 354x609, 1565319373074.jpg [View same] [iqdb] [saucenao] [google] >>28957091 I'm already 5x this year. shit is cash.

>>	Anonymous Wed Feb 17 11:28:18 2021 No.28957774 File: 31 KB, 300x244, 1591155922067.jpg [View same] [iqdb] [saucenao] [google] >>28957590 not at all my advice /for you/ is to not buy BTC now or ever.

Anonymous Wed Feb 17 11:29:25 2021 No.28957855

>lose ledger
>buy another one
>input your 24 word phrase
>get account back
How does this work? It's impossible for anybody else in the entire world to have the same 24 word seed? Or it's so extremely unlikely they decided "dude it's never gonna happen" and called it a day?

>>	Anonymous Wed Feb 17 11:29:45 2021 No.28957877 File: 9 KB, 338x149, images (4).jpg [View same] [iqdb] [saucenao] [google] >>28950931 yes?

Anonymous Wed Feb 17 11:30:22 2021 No.28957921

>>28957590
The value of Facebook was the fact that it established itself firmly over the competition.
If you will, Bitcoin is a social network but for money. The value of literally everything on this planet is relative, and the value of bitcoin is that it is the strongest and most trusted financial network on the planet. You can not recreate that shit, you can not just copy it. The fact that central banks are the most corrupt pieces of shit ever does not help them. The fact that banks manipulate every asset under the sun does not help gold and silver. Bitcoin has so many value angles that it would be crazy to not be in it. But do your own research man, there is such a wealth of opportunities here.

>>	Anonymous Wed Feb 17 11:30:43 2021 No.28957954 >accumulate nonphysical wealth to trade for fiat nah I think I'll keep buying gold and ammo

>>	Anonymous Wed Feb 17 11:31:14 2021 No.28957998 >>28957855 There's more possible combinations than there is atoms in the universe.

Anonymous Wed Feb 17 11:31:35 2021 No.28958026

>>28957581
You're right, I wouldn't have, that's why the feelings subside. But the regret is inescapable. I also mined Bitcoin in 2009 as a lark, when CPU mining was still effective and I used my GPU experimentally for blazing mining speeds. Then I stopped and deleted the wallet because it was basically just a 2-week learning experience for me and I had no thought that it would actually go anywhere.

>>	Anonymous Wed Feb 17 11:33:15 2021 No.28958144 >>28958026 Millions of coins are lost forever because of that exact scenario.

>>	Anonymous Wed Feb 17 11:33:30 2021 No.28958162 >been waiting for a dip since 17k JUST

>>	Anonymous Wed Feb 17 11:33:38 2021 No.28958176 >>28955074 ledger's secure element is not open source, and most poorfags on this board are probably fine with just keeping their seed phrase and passcode on a sticky note next to their pc desu lol. Also btc seed phrase is only 12 words not 24

Anonymous Wed Feb 17 11:33:45 2021 No.28958180

>>28957855
the words itself arent as important, the only thing that is checked when you enter these 24 words are the first 4 letters for each word. There are virtually millions of potential combinations so the possibility of randomly typing these in by hand is practically zero.

>>	Anonymous Wed Feb 17 11:34:26 2021 No.28958219 >>28958162 We tried to warn you, but you didn't listen.

Anonymous Wed Feb 17 11:34:34 2021 No.28958228

>>28957855
The private key can be calculated by using the 24 words.

>It's impossible for anybody else in the entire world to have the same 24 word seed?
Yes it is. There are 2048 words in total. Source: https://github.com/bitcoin/bips/blob/master/bip-0039/english.txt

That means the chance that someone else has the exact same words in the same order is 1:2048^24.

That means the chance is 1 to 29642774844752946028434172162224104410437116074403984394101141506025761187823616

>>	Anonymous Wed Feb 17 11:34:48 2021 No.28958246 >>28958176 I know.

>>	Anonymous Wed Feb 17 11:36:50 2021 No.28958412 >>28957954 >it's physical so it's good My aunt likes to accumulate old shoes in her house for example.

>>	Anonymous Wed Feb 17 11:37:54 2021 No.28958512 >>28958228 So you're saying it's possible

>>	Anonymous Wed Feb 17 11:38:44 2021 No.28958580 >>28957855 >lose ledger Try not to do this, however unlikely there are some sophisticated hacks that can be used if someone really wants to get into it. Like I said, it's highly unlikely that it ends up in the hands of someone that can do this

>>	Anonymous Wed Feb 17 11:39:15 2021 No.28958626 >>28957954 it's a good coping mechanism to feel in charge, I think that is why americans love guns so much. theyre symbols for being "independent" and "free" when in reality youre just a soi consoomer sucking big corporate cocks.

>>	Anonymous Wed Feb 17 11:40:05 2021 No.28958689 >>28958219 it has to dip, probably will to 25-30k just need the timing..

>>	Anonymous Wed Feb 17 11:40:41 2021 No.28958756 >>28958162 same but it never came so i just about it at 11k

>>	Anonymous Wed Feb 17 11:41:36 2021 No.28958834 >>28958689 You really think it'll go that low?

>>	Anonymous Wed Feb 17 11:43:18 2021 No.28958962 >>28957998 So you're telling me there is a chance?

>>	Anonymous Wed Feb 17 11:44:20 2021 No.28959053 >>28958834 historically it should, but with this big corp fomo I dont know...

>>	Anonymous Wed Feb 17 11:44:22 2021 No.28959063 >>28958689 I'm not so sure we get a dip that low. The last one barely dipped below 30k. And that was BEFORE Tesla started the big conversation about corporate reserve assets. I think any 10-20% dips will be bought by corporations now.

>>	Anonymous Wed Feb 17 11:46:13 2021 No.28959215 >>28959053 >historically it should Nope, run those numbers again bro. It's going to about 40-50 by the end of the cycle

Anonymous Wed Feb 17 11:46:20 2021 No.28959226

>>28957998
>>28958180
>>28958228
As I thought it's extremely unlikely that the real problem is where to put the seed phrase. If I understand correctly even if you lose your seed phrase but your device is working you can just send the funds wherever you want momentarily, restore the device and get a new seed phrase and transfer back.

So the only way you're truly done for is if you lose your 24 words and your ledger at the same time right? So where do you guys store the paper with the words, just at home in a locked box?

>>	Anonymous Wed Feb 17 11:46:54 2021 No.28959272 File: 39 KB, 567x504, 1612063978494.jpg [View same] [iqdb] [saucenao] [google] >>28942400 I'm just hoping it takes so I can buy in at a big dip.

>>	Anonymous Wed Feb 17 11:47:16 2021 No.28959304 >>28959215 >>28959063 Im just going by rhodl/rainbow charts

>>	Anonymous Wed Feb 17 11:47:33 2021 No.28959336 >>28959215 the new low will be $60k in 2023 and buying anywhere in the $60k range will be like buying in the $3k range in this cycle.

>>	Anonymous Wed Feb 17 11:47:40 2021 No.28959348 >>28959053 >>28959063 You guys think other corps will follow TESLA?

>>	Anonymous Wed Feb 17 11:47:55 2021 No.28959369 >>28942400 >do 100 backups of the wallet.dat or the seed key, again offline Can you elaborate on this? I have a trezor wallet that I use but I don’t think I’ve ever done a back up before.

>>	Anonymous Wed Feb 17 11:49:49 2021 No.28959516 >>28959272 Just buy in now. This increase has been incredibly stable. Put in what you can now, then DCA after and just ride it out.

>>	Anonymous Wed Feb 17 11:49:51 2021 No.28959521 File: 41 KB, 960x480, 1613394641420.jpg [View same] [iqdb] [saucenao] [google] https://bitcoinorshit.com/ nocoiners seethe

>>	Anonymous Wed Feb 17 11:50:22 2021 No.28959556 >>28959348 Elon is known to be the "black sheep" of the tech world, they will for sure, but not yet imo

>>	Anonymous Wed Feb 17 11:50:54 2021 No.28959601 >>28958026 The feeling of ignoring the past year of crypto rally won't subside any time soon

>>	Anonymous Wed Feb 17 11:50:55 2021 No.28959603 >>28956676 Study history >Any US citizen who does not turn in Bitcoin for Fedcoin or is caught buying or selling BTC goes to jail for 10 years GG https://en.wikipedia.org/wiki/Executive_Order_6102

Anonymous Wed Feb 17 11:51:13 2021 No.28959626

>>28959348
I think once the dominos start, it will be a mad dash. No one wants to be last in. I think a lot of big corps are looking to de-dollarize their balance sheets a bit. So more and more they are thinking about BTC and gold as alternatives to USD. People are starting to take one step out of the dollar anticipating that the Bretton Woods system is on its last legs and will be replaced in the near future. It's a giant leap to make, but everyone is taking half steps to pivot. Tesla making this move is a big one. Microstrategy has shown how good it was for them. We shall see, but I expect to see more toes dipped in the water.

>>	Anonymous Wed Feb 17 11:52:47 2021 No.28959737 >>28959601 I tossed in my money when the run to 20k happened at the end of the year. Glad I did, and I'm in it for the long haul now especially with how quickly shit's been escalating with institutions and everything else.

Anonymous Wed Feb 17 11:53:54 2021 No.28959835

>>28959226
>So the only way you're truly done for is if you lose your 24 words and your ledger at the same time right?
Yes, but how would you lose both? You normally don't take them with you. Worst thing would be a fire in your house but even then you can stamp the seeds on metal to be extra sure.
>So where do you guys store the paper with the words, just at home in a locked box?
Not going to tell you, since I don't want to become the victim of a 5$ wrench attack by you. Just joking. But seriously don't try to fuck with me, I have a baseball bat and can bench 315.

Just put the seed somewhere safe where no one else can find it. Some people put it in a bank safe deposit box but thats a dumb idea, because its easy for them to make a screenshot and steal your funds.

>>	Anonymous Wed Feb 17 11:54:00 2021 No.28959845 >>28944348 How do I transfer from coinbase or binance without being charged jewy fees all the time? Take it there's no other way

>>	Anonymous Wed Feb 17 11:54:35 2021 No.28959889 >>28959603 People trusted their government then. People think their government fuck kids now.

>>	Anonymous Wed Feb 17 11:57:25 2021 No.28960110 >>28959845 They dont take fees as far as I know. The fees are for the miners. Do more research about bitcoin and come back later, faggot

>>	Anonymous Wed Feb 17 11:59:33 2021 No.28960268 >>28959556 >>28959626 I mean he did tell people to buy DOGE... Might have shaken their trust LOL

>>	Anonymous Wed Feb 17 12:00:14 2021 No.28960313 >>28959845 The exchange doesn't charge fees for transferring coins out, the network has transaction fees.

>>	Anonymous Wed Feb 17 12:05:35 2021 No.28960727 >>28960110 >>28960313 Oh right ok. Anyone recommend a hardware wallet that can handle Ada, BTC, Eth, link? Nano s or X?

>>	Anonymous Wed Feb 17 12:07:04 2021 No.28960843 Is bitcoin maximalism and chainlink maximalist compatible?

>>	Anonymous Wed Feb 17 12:07:08 2021 No.28960849 >>28960268 I'm not talking about the dumb people on Twitter. He didn't put Tesla treasury dollars into DOGE. He DID put $1.5B into BTC. THAT is what other companies are watching. They watched Microstrategy pick up an easy 5x.

>>	Anonymous Wed Feb 17 12:07:35 2021 No.28960881 >>28960313 exchanges often charge more than necessary and send the lowest viable fee

>>	Anonymous Wed Feb 17 12:08:09 2021 No.28960917 >>28960727 Ledger Nano X covers them all. It's what I use

>>	Anonymous Wed Feb 17 12:08:38 2021 No.28960950 >>28960727 I have a Nano S and ordered an X because it's annoying to juggle the apps in Ledger Live when you have more than 3 different cryptos.

>>	Anonymous Wed Feb 17 12:09:23 2021 No.28960990 >>28960727 Get the Nano X. The Nano S doesn't do Blutooth. But even if that's not a deal breaker, you can only have 3-4 coins at a time due to its low memory. You can put much more on a Nano X.

Anonymous Wed Feb 17 12:10:06 2021 No.28961043

>>28944070
Hardware wallet is a must. Learn your seed phrase by heart. It's amazing to know that the largest savings account I have CANNOT be stolen, confiscated, or printed into oblivion, as long as you're able to remember those 12 words.

I also lent some of my BTC on BlockFi, as they pay 6% APY back to you in the form of whatever crypto you lent. Earning BTC on BTC = incredibly based

>>	Anonymous Wed Feb 17 12:10:49 2021 No.28961100 *and Monero

>>	Anonymous Wed Feb 17 12:11:52 2021 No.28961171 >>28960268 >I mean he did tell people to buy DOGE He never did though.

>>	Anonymous Wed Feb 17 12:13:18 2021 No.28961290 >>28961043 >Remember those 12 words. Retarded, you can forget them maybe still or what if you have an accident and your brain is fucked and your family cant access your funds to get a surgery for you

>>	Anonymous Wed Feb 17 12:13:53 2021 No.28961328 >>28949762 Based mr bond poster

>>	Anonymous Wed Feb 17 12:14:01 2021 No.28961339 >>28960917 >>28960950 >>28960990 Shalom, thank you. >>28961043 That does sound based. What's the risk involved? That's a whole new realm I am clueless on. As you can see I am a poorfag.

>>	Anonymous Wed Feb 17 12:15:09 2021 No.28961424 >>28959348 5% all corps are saying they will buy btc. 15% are planning on it. Coindesk had a survey

Anonymous Wed Feb 17 12:15:34 2021 No.28961451

>>28961043
>>28961043
>I also lent some of my BTC on BlockFi, as they pay 6% APY back to you in the form of whatever crypto you lent. Earning BTC on BTC = incredibly based

Fuck that, not worth the risk.

Not your keys, not your coins.

You keeping your coins on their shit and not in your wallet = FUCK OFF

>>	Anonymous Wed Feb 17 12:16:12 2021 No.28961498 >>28961339 >What's the risk involved? You have to give your personal information to a company with a history of being hacked.

>>	Anonymous Wed Feb 17 12:17:40 2021 No.28961603 >>28958689 You never learn. Ngmi

>>	Anonymous Wed Feb 17 12:18:46 2021 No.28961680 >>28961043 >BlockFi looks dangerous senpai

>>	Anonymous Wed Feb 17 12:19:36 2021 No.28961743 >>28961603 I already have some, I just wanted to put the rest of my money in

>>	Anonymous Wed Feb 17 12:24:00 2021 No.28962062 >>28961743 Do it now or at least DCA in. Waiting for a dip or crash is foolish, especially in this climate. This isn't like the unstable spikes of 2017, this shit is happening in a stable and measured way.

>>	Anonymous Wed Feb 17 12:25:58 2021 No.28962201 >>28962062 should I do weekly DCA? if so how much u figure. Im from eastern europe so my whole bank account is 5.3k usd

>>	Silver Shepherd Wed Feb 17 12:26:02 2021 No.28962208 Newfag here. I can see how BCH is shit, but what about BSV? It seems good and >true to the original principles of BTC back in the day.

Anonymous Wed Feb 17 12:29:55 2021 No.28962463

>>28962208
Principles and tech don't matter so much. The entire banking system runs on 40 year old COBOL boxes. What matters is institutional adoption and inertia. The money goes where the other money is. I tried to fight this myself saying BTC is a dinosaur tech wise and there are much better chains out there. Cardano is superb techwise and I bought into it. Yeah, I did well, but when all is said and done, I don't know which chains will survive, but BTC will be king.

>>	Anonymous Wed Feb 17 12:30:21 2021 No.28962492 NOOOOOO YOU CAN'T JUST ALL IN ON BITCOIN AND TESLA AND MAKE 1000% GAINS!!! NOOOO YOU NEED MY TRADITIONAL FINANCE ADVICE!!!

Anonymous Wed Feb 17 12:35:23 2021 No.28962828

>>28962201
It depends on what you can afford and your cash flow. My personal strategy was that I dumped in all the extra money sitting in my checking account (leaving a month's worth of expenses so my auto-withdrawals for bills don't have to depend on paycheck schedules) and then I have an extra $460 per month that I set on a weekly deposit schedule of $115 each.

Anonymous Wed Feb 17 12:37:13 2021 No.28962946

>>28962201
Don't do a slow DCA. Why wait when the price could be 100k in 1-2 months?

Do this, take half of your money and buy now. For the other half wait a 2 weeks if it dips. If it didn't just buy anyway.

If you bought and the price dips, don't sell, you will get fucked and the price will go up again.

>>	Anonymous Wed Feb 17 12:38:18 2021 No.28963023 >>28962208 Never buy a cheap copy of a product. Just buy the real thing faggot

Anonymous Wed Feb 17 12:47:11 2021 No.28963693

>>28962208
Like >>28962463 says, principles don't really matter, that's just idealism. The only thing that really matters is BTC's brand recognition which is what's driving adoption for the mainstream individuals and then in turn driving adoption for the mainstream institutions who want to make money off all of those mainstream normie BTC holders.

>>	Anonymous Wed Feb 17 12:51:34 2021 No.28964036 >>28962946 >Don't do a slow DCA not monthly, Im thinking maybe weekly.

>>	Anonymous Wed Feb 17 13:01:13 2021 No.28964811 File: 31 KB, 600x584, efd.jpg [View same] [iqdb] [saucenao] [google] Some of you guys are alright. Don't buy bitcoin tomorrow if you are in the cryptomarket Happening thread will be posted tomorrow morning so long space HOLDERS

Anonymous Wed Feb 17 13:06:21 2021 No.28965209

>>28952901
I'm not sure what's up with this board. Half these idiots consider 'making it' living in a tiny apartment eating top ramen for the rest of their lives so long as they get to be a NEET while doing it. If you don't have at least 2 BTC you are NGMI anytime soon, do not quit your day job, if you don't have one get one. Honestly I didn't mind working at all before BTC made me enough money that I simply can't be bothered anymore.

>>	Anonymous Wed Feb 17 13:11:38 2021 No.28965599 >>28942400 Like you say that but yet I keep gaining sats by trading Alts...

Anonymous Wed Feb 17 13:12:52 2021 No.28965685

I sold 2 bitcoins at 15k each for a 25k profit a year or 2 ago, dont exactly remember. I then put it all into S&P and QQQ, made a nice return again but I shouldve held in hindsight. I dont regret selling perse but I do regret selling ALL OF IT. That was just a retarded thing to do. I bought back 0.6 btc at 25k, hopefully that’ll prevent me from roping in the future.

>>	Anonymous Wed Feb 17 13:14:18 2021 No.28965807 >>28958512 it's as possible as it's possible to run through a wall with your atoms being perfectly aligned to pass through the matter

Anonymous Wed Feb 17 13:14:50 2021 No.28965844

>>28965209
I'm into FIRE so my number for making it is actually around a million dollars and I'm not a ramen-eating NEET. Of course, BTC is only part of my strategy as I'm also maxing out a 401k, IRA, and HSA alongside my BTC investments. A million dollars with a 4% withdraw per year will give me $40k per year to spend, which is actually a lot more than I currently spend annually (not counting savings obviously) so if I had a million I would probably withdraw closer to 2.5% to 3% most years and I would absolutely quit my day job at that point. Full disclosure, I live in the midwest so my living costs are quite low even in the most expensive suburb of my city. Making it in a big city like NYC or LA would probably be more expensive.

>>	Anonymous Wed Feb 17 13:16:13 2021 No.28965943 >>28963693 BTC's biggest value is the Lindy effect, it's been around and stayed at the top for so long that institutions are willing to dump billions into it

>>	Anonymous Wed Feb 17 13:18:13 2021 No.28966092 >>28959369 ..you don't back up your seed?!?!?!?!?!?!

Anonymous Wed Feb 17 13:20:34 2021 No.28966293

>>28964036
I’ve been buying $10k weekly since december and it has worked very well. I thought this halving cycle might get pushed off to next year by the covid disruption or I could have made much more but I’ve still 2x my account since then so I’m not too upset about it.

>>	Anonymous Wed Feb 17 13:21:56 2021 No.28966387 >>28966293 >$10k weekly well I have half that in total so

>>	Anonymous Wed Feb 17 13:24:41 2021 No.28966607 Whats the best software wallet to use? I wanna ditch coinbase!

Anonymous Wed Feb 17 13:24:48 2021 No.28966620
File: 19 KB, 540x304, blockplate_12_24-min_540x[1].jpg [View same] [iqdb] [saucenao] [google]

>>28966092
Pic related (or any other physical storage method) is the only acceptable way to back up a hardware wallet seed. Never store a backup of something like that on a computer, especially not one connected to the internet.

>>	Anonymous Wed Feb 17 13:25:35 2021 No.28966664 >>28942946 >Wasn't telling your parents to buy BTC in 7th grade You really had 12 years...

>>	Anonymous Wed Feb 17 13:30:46 2021 No.28967038 >>28959369 >I’ve ever done a back up before. Enjoy losing it all when the thing just dies because you spilled water on it or your cat chomps it.

Anonymous Wed Feb 17 13:36:19 2021 No.28967447

>>28966607
Don't use a desktop wallet. Extremly unsafe. Safest wallet is hardware wallet. After that the best wallet is a mobile wallet. Thats because mobile phone often have less viruses on them because of the OS which is less targeted and because most people don't download that much shit and porn compared to their desktop pc.

>>	Anonymous Wed Feb 17 13:36:32 2021 No.28967470 >>28942887 one year desu 2020 was extremely important in terms of public awareness and the price reflects that. The reason btc never took off before then was people never thought it would be mainstream

Anonymous Wed Feb 17 13:37:32 2021 No.28967556

>>28942400
>YOU ONLY HAVE ONE TASK, BUY AND HOLD BTC
if i listened to fuckheads like you in 2017 and bought bitcoin instead of alts i'd be completely ruined and still working at mcdonalds. i bet my diversified portfolio's stack of BTC is bigger than your maxi stack all because i rode the altcoin hype. not everyone is a drooling retard like you who can't differentiate between chainlink and mcdonalds coin. you will be retired when your body is falling apart and your cock no longer works, retard.

>>	Anonymous Wed Feb 17 13:37:51 2021 No.28967577 >>28967447 >hardware wallet which?

>>	Anonymous Wed Feb 17 13:38:22 2021 No.28967610 >>28967556 oops, the shitcoiner is mad! Go back to play with meme coins with your allowance money retard.

>>	Anonymous Wed Feb 17 13:38:40 2021 No.28967637 >>28959603 OK, now enforce it

>>	Anonymous Wed Feb 17 13:40:42 2021 No.28967802 >>28967577 Checked. Ledger Nano X. Worth it over the S because the storage space is greater and you can hold more kinds of crypto without deleting apps.

>>	Anonymous Wed Feb 17 13:41:50 2021 No.28967884 >>28967610 mad about what? mad that i made millions of dollars off of a $20k initial when it'd only be worth $50k had I held bitcoin the whole time? stay poor retard.

>>	Anonymous Wed Feb 17 13:43:17 2021 No.28967993 >>28967802 damn thats pricey

>>	Anonymous Wed Feb 17 13:43:59 2021 No.28968040 >>28942400 It's probably the best advice posted to this board. Shitcoiners always seethe with their 7-figure stacks of digital nothingburgers that can't be cashed out, but they are to be discarded in the trash. Buy BTC. Hold. Make it. Simple as.

>>	Anonymous Wed Feb 17 13:46:35 2021 No.28968248 File: 121 KB, 725x800, IMG_20210217_145113.jpg [View same] [iqdb] [saucenao] [google] >>28968040 Not racist, just dont like em. Fuck jannies and niggers and hold bitcoin. Simple as.

>>	Anonymous Wed Feb 17 13:47:11 2021 No.28968313 >>28942400 >BTC is not a get-rich-quick scheme, it's a don't-get-poor-slowly scheme stopped reading there, I need get-rich-quick scheme

>>	Anonymous Wed Feb 17 13:47:13 2021 No.28968320 >>28942400 Is coinbase any good for BTC? I'm still trying to figure this whole thing out. Set up a coinbase account last night but so far I can't find a wallet address. Is now really a good time to get on board?

Anonymous Wed Feb 17 13:47:33 2021 No.28968351
File: 10 KB, 348x278, 11.png [View same] [iqdb] [saucenao] [google]

>>28967610
>allowance money
top kek. you would suck my dick 500 times just for ONE of my shitcoin wallets just so you dont have to suffer having less than 1 btc in your pathetic maxi stack. kys poorfag.

Anonymous Wed Feb 17 13:47:39 2021 No.28968360

>>28967556
Fraulein got potential we could be a family
Met her in the crowd at a Bitcoin rally
No tats, classy, body like an athlete
From the way she acted i knew she want a Maxi

[Chorus]
No altcoin faggot, she want a Maxi
From the way she acted i knew she want a Maxi
Not a altcoin faggot, she want a Maxi
From the way she acted i knew she want a Maxi

>>	Anonymous Wed Feb 17 13:47:47 2021 No.28968368 File: 105 KB, 676x643, 45232.png [View same] [iqdb] [saucenao] [google] LITERALLY O N E T A S K

>>	Anonymous Wed Feb 17 13:48:15 2021 No.28968400 >>28968320 binance is better, wanna use my referral? :^

>>	Anonymous Wed Feb 17 13:49:11 2021 No.28968474 I hate seeing this gay fucking thread everyday >>reddit.com/r/bitcoin

Anonymous Wed Feb 17 13:52:40 2021 No.28968745

From a maxi's perspective what is the end goal for btc. I get the whole store of value thing but that only works as long it has underlying demand. As of rn the only btc usecase I see is the most secure trading pair for any other crypto This could be disrupted overnight by the right technology and doesn't seem to be a great long term store of value. Am I missing something?

>>	Anonymous Wed Feb 17 14:00:26 2021 No.28969287 My porfolio is unironically 100% BTC

Anonymous Wed Feb 17 14:00:40 2021 No.28969302

>>28968745
The end goal in my opinion is for the government to stop taxing cryptocurrency like property, start treating it as currency, and thus allow people to use it more freely to pay for things (or save their money in BTC and trade it out to something more stable and fast like BCH or LTC or Monero for everyday purchases). Outside of that, the stack of taxable events you incur by paying for something with cryptocurrency, at least in the US, is a retarded barrier for entry to the average person because it makes every purchase incur so many outside costs. As long as those barriers continue to exist from the governmental level, BTC will remain a stock-like investment that people just invest in to grow their money and then trade it back out bit by bit for fiat to actually use. But I've heard some governments are moving to stop taxing cryptocurrency (Israel is one, IIRC) and if that catches on we might see some interesting events unfold going forward.

Anonymous Wed Feb 17 14:00:56 2021 No.28969328

>>28964036
i bought ~9k of btc and alts since december throwing money at whatever i was confident in at the same, buying dips etc and i'm up a decent amount. i'd definitely advise this route instead of just all-ining btc, you never know when it's going to crash

Anonymous Wed Feb 17 14:03:26 2021 No.28969515

>>28969302
I forgot to add as well that the IRS and other governments obviously treat crypto the way they do because they fear competition. If you treat crypto as currency then you acknowledge its validity and allow it to actually compete with fiat on a global scale. As we know, competition is typically a good thing but we've never seen what true competition looks like in the currency space so if that ends up allowed to happen it will be fascinating to observe.

>>	Anonymous Wed Feb 17 14:03:32 2021 No.28969519 >>28969328 weekly/monthly? How much did u put each time? was it a set amount or whatever?

Anonymous Wed Feb 17 14:06:18 2021 No.28969726

>>28969519
honestly no schedule and no set amount. highest i ever put in was $700, lowest $250. i bought multiple times a week most weeks. i probably have spent too much time checking blockfolio but i just try to buy dips in coins i believe basically. i'm over 75% in bitcoin, 10% ethereum, 15% alts

>>	Anonymous Wed Feb 17 14:06:30 2021 No.28969743 >>28969302 I still don't see how that solves technical gaps in btc. If the only driver for demand is a trading pair what is stopping a better coin from taking its place in 10 years? Are you just relying on first movers advantage?

>>	Anonymous Wed Feb 17 14:08:50 2021 No.28969930 >>28969302 how is crypto taxed in US? do you have to pay tax for each transaction or just for profit? here you """pay""" 19% from profits up to 267kUSD 23% above that

Anonymous Wed Feb 17 14:11:30 2021 No.28970129

>>28969930
15% tax on difference between your for buy and sell price for long term (held over 1 year) gains. taxed as additional income (again difference between buy and sell price) if you sell in less than a year, subject to your normal income tax bracket (which is higher than 15%)

>>	Anonymous Wed Feb 17 14:11:56 2021 No.28970172 >>28942400 bump for based

>>	Anonymous Wed Feb 17 14:14:43 2021 No.28970397 >>28970129 thats very specific, do they track that even if u dont cash out? you dont really profit if u dont cash out

>>	Anonymous Wed Feb 17 14:16:53 2021 No.28970557 >>28968400 Yeah sure, I'll go get a Binance. I don't really like the coinbase UI so far desu.

>>	Anonymous Wed Feb 17 14:18:12 2021 No.28970654 >>28970557 if you want to use a referral, one can set it up that you get 10% of your fees back

Anonymous Wed Feb 17 14:20:34 2021 No.28970845

>>28970397
i think in theory they probably will not catch if you are just flipping shitcoins on an exchange, but you are supposed to pay taxes on those shitcoin gains. probably is a headache if you try to catch out after not paying tax on shitcoin flips

>>	Anonymous Wed Feb 17 14:22:09 2021 No.28970971 >>28970654 Oh shit I didn't realise Binance had upfront fees. I will have to stick to coinbase for now unfortunately, friend.

>>	Anonymous Wed Feb 17 14:23:04 2021 No.28971039 >>28970971 >upfront fees uh wym, u pay fees for trades only.

Anonymous Wed Feb 17 14:26:27 2021 No.28971306
File: 84 KB, 1367x641, capital-gains-tax-rates-by-income-for-singles[1].png [View same] [iqdb] [saucenao] [google]

>>28969743
>what is stopping a better coin from taking its place in 10 years? Are you just relying on first movers advantage?
Yeah, kinda. I think BTC has the most clout and staying power thanks to its recognition, technology be damned. People have been calling BTC's tech shit for years but it's still where the money ends up. The market isn't always logical or practical. In a world where cryptocurrency is treated as currency I think multiple coins will end up viable but BTC will stick around for safe savings kind of like the index fund equivalent of crypto holdings.

>>28969930
Crypto is taxed like property/stocks, so you pay capital gains tax on the difference between your original purchase price and the price at the time of the transaction. Pic related are the current US capital gains rate. Short term means it's been less than 12 months since your purchase and long term means you've held it for more than 12 months.
Spending crypto at a store is considered by the IRS to be equivalent to selling that crypto for USD in that moment to purchase the item, so you are enacting a sale of crypto and incurring capital gains tax in addition to the typical sales tax (and the gas fees, of course).
Sending crypto to someone else's wallet is also considered selling crypto for USD and then instantly buying the crypto again but storing it in the other person's wallet.

It's just a fucking mess. Imagine if you had to calculate, record, track, and report the relative value of your dollars at every single purchase so that the government could not only tax the sale and your income, but also tax the difference in value of your money from the day you got paid to the day you spent it at the store.

If you use a wallet like Coinbase that tracks all those things for you and produces tax documents at the end of the year it's manageable, but God help you if you have your own wallet and have to manually track the value of your crypto at the time of every purchase all year round.

>>	Anonymous Wed Feb 17 14:27:06 2021 No.28971377 >>28971039 Oh right. Sorry mate, I'm currently at work on my phone so I am not paying as much attention to this as I'd like. I thought you meant you had to pay a fee just to sign up. My mistake.

Anonymous Wed Feb 17 14:27:10 2021 No.28971385

>>28970397
Every crypto to crypto exchange is a taxable event. Even spending crypto to buy something is a taxable event having to recognize gains at the time of purchase.

I'd prefer not to end up in prison, so I just pay. I used Koinly this year and it was easy. It was over 1,000 transactions so there's no way I would have been able to do that manually. I'll take the peace of mind over worrying about getting thrown in a cell with tyrone.

Anonymous Wed Feb 17 14:27:38 2021 No.28971444

>>28969519
If you want an honest investor's not-advice:

>be you, smart
>budget, cash flow statement, balance sheet all filled out accurate to the week
>all expenses covered by earned income (usually a job)
>whatever's left over (disposable income):
>if <250, all in on btc
>if >250, 50% btc, 50% eth
>do this for 3-6 months, ideally during a bear market
>once up to 2-3 eth/.25 btc, move 30% of portfolio into "shitcoins"
>look at biz, look at other websites for crypto
shill your own I have mine but everyone shits on each other
>this money is essentially gambling, push it however you like, I choose to 50% into one alt and 50% into another
My latest example of this was January I put 4eth into PPAY and secured a giant stack of the stuff, I'm also going to get into polkadot and zenon.
>If "shitcoin," leave at 2x or more if you fail to time it at 2x
meaning leave as soon as you get a 3x (so basically a 2x after feeds), if it goes higher than that you can still leave, if it goes lower than that just keep it in there. My latest examples of this were rubic and dogecoin.
>if "goodcoin," take your initial eth value + exchange fees back in eth
I did this about a week ago, I've still got a large stack of PPAY. I honestly believe it will rise but want to get into other projects as well, this allows me to get into other stacks while still 50/50ing with a consistently growing amount (when I win). A historic example you know well is LINK. Again, for me, other examples will likely be zenon, polkadot, and a few other coins that get less than 10 replies when threads about them are made. If nu/biz/ isn't shilling it popularly, it's usually a goodcoin. If it is, it's almost always a shitcoin or PnD. old/biz/ was the smart money, nu/biz/ is the market, and the market underperforms btc, making OP better advice than shit like avax.

>>	Anonymous Wed Feb 17 14:29:15 2021 No.28971576 >>28971444 YNAB is great for personal budgeting.

Anonymous Wed Feb 17 14:29:29 2021 No.28971593

>>28942584
Yikes, the amount of here really is disgusting.

Let me show you why that’s retarded. BTC price increase is not directly correlated with the amount of money being pumped into it. If $1,000,000 can pump it from $1k to $2k, then it can also pump it from $50k to $100k. It’s all about supply and demand, not pure amount of dollars being pumped in.

Lurk for 3 years minimum before posting please

Anonymous Wed Feb 17 14:30:14 2021 No.28971674
File: 627 KB, 1280x1149, 1613244222022.jpg [View same] [iqdb] [saucenao] [google]

can anyone of u guys enlighten me about why mr. shillon musk (who is arguably one of the smartest / successful people in the world) would push the BTC as payment narrative that has been declared death for the past few years. He should know that the BTC chain can't handle the payload of being used as a payment system. Can't wrap my head about what is going here.

>>	Anonymous Wed Feb 17 14:31:04 2021 No.28971731 >>28971306 For euros it's even worse since we have to calculate the usd-localcurrency price at every swap

>>	Anonymous Wed Feb 17 14:32:36 2021 No.28971848 >>28971674 See: >>28963693 Stop thinking like an informed nerd and start thinking like a trend-chasing normie CEO.

>>	Anonymous Wed Feb 17 14:33:03 2021 No.28971894 >>28961290 Imagine not having backup upon backup upon backup. Being such smol brain would definitely suck

Anonymous Wed Feb 17 14:36:09 2021 No.28972125

>>28961451
Meh, I'm only keeping like .4 BTC there right now, but I might drop more in there soon.

Just for the quick math, if you store 1 BTC there for a year, you'd earn 0.06 BTC - a current value of ~3k$ USD. If you think that BTC still has another 10x left in it, then that's an easy 30 k$ for accepting a little risk.

>>	Anonymous Wed Feb 17 14:36:27 2021 No.28972154 >>28942400 >buy them and transfer/store them offline immediately I didn't know this. Is it only kept in a single device? if that device is lost/broken are your coins gone forever?

>>	Anonymous Wed Feb 17 14:37:35 2021 No.28972232 >>28971674 >Can't wrap my head about what is going here. because youre a low iq alt-nufaggot and youre literally ngmi

Anonymous Wed Feb 17 14:37:36 2021 No.28972233

>>28971444
thats big thanks. I dont live on my own and the only expenses I have is gas for my car to get to work. which is 30 bucks per 2/3 weeks.
I earn around 1k usd a month.
Crypto is bullish as fuck right now so I dont know if I should wait for bear or just start now...

Anonymous Wed Feb 17 14:37:47 2021 No.28972247

>>28971444
what to do with good gains, and when to close positions:
>be you, practice this general method
>gaining large amounts of eth
>gaining large amounts of btc by converting eth to btc at good rates
>have goals
>be you, want to "make it"
>make it defined as "2+ million USD networth, totally and truly retired in the sense you only do what you want, instead of having to do something to live, besides eating, sleeping and shitting)
>decide to take gains into USD
>method one: convert crypto into USD
>take short term capital gains tax, report first in, last out
>likely to lose a fuckload in tax
I will not be doing this again. I have before, I refuse to anymore. I paid essentially 40% of my gains in tax. It was a massive mistake.
>Method 2: purchase items exclusively in crypto
>buying goods and services from others at a premium for them to accept crypto currency
this is a risky option in the sense that your buying power fluctuates to btc instead of appreciable, "real" assets. like >>28969302
said, it's a currency yet taxed like a security due to its inherent superiority (deflationary currency in a fiat market always gains value over fiat). I will do this on occasion to capture gains into disposable assets (food, other consumables to live).
>method 3: our lord and savior Elon Musk
This is a new method I've been considering, and am still working on. Essentially, what you do is buy a lot of assets with BTC that can make you money like a traditional business. My current pipeline I'm going to try spending a million on is
>buy popular tesla models in areas with high rates of renting
>rent out teslas to rich people for a profit in USD
>collect tax benefits for operating an S corp founded in delaware with my BTC assets
>collect loans with said assets as collateral, paying operating expenses with the loans and the loans with the operation
>BTC essentially capitalizes my business

Ideally I'd convert it into real estate as well. I still haven't found a good method.

>>	Anonymous Wed Feb 17 14:39:02 2021 No.28972349 >>28972154 nah they still have seed phrase its just so you can access your wallet without being keylogged or some shit usually uses a pin on the machine itself but its not the end if it breaks

>>	Anonymous Wed Feb 17 14:39:15 2021 No.28972369 >>28972154 No, the coins live on the network, the device only holds your private keys so they never touch your pc. Your backup will be 24 seed words that you have to keep safe on paper or something else.

Anonymous Wed Feb 17 14:40:10 2021 No.28972437

>>28971894
If I were to go the hardware wallet route, I would have 2 backups at most: a metal plate in a fireproof safe anchored into concrete in my basement and maybe a metal plate in a safety deposit box at my bank. The grids would be unmarked and I would store a plate with grid labels (but no content) in a third location I would need to determine at that time.

>>	Anonymous Wed Feb 17 14:40:27 2021 No.28972469 File: 70 KB, 680x378, 1594406823218.jpg [View same] [iqdb] [saucenao] [google] >>28942400 words of wisdom, thanks based OP

Anonymous Wed Feb 17 14:40:49 2021 No.28972498

>>28972233
>if I should wait for bear or just start now.
yo, we are going into supercycle once in a lifetime event, bearmarket will descend to mabye 50k in a few years. BIG MAYBE

at 55 we reach 1 tril market cap.
this will drive insitutional demand
at 2 tril etfs come in
large hedge funds have to decrease risk of investment by investing into large caps. so the bigger the bitcoin comes larger funds can pour in their shit fiat.

>>	Anonymous Wed Feb 17 14:41:42 2021 No.28972586 >Majority of my holdings are ETH, BTC and DOT. >Have some ANKR and DOCK at the moment for the moonshot. >Made the whitelist for KeyTango and will buy more on launch date. Good luck anons.

Anonymous Wed Feb 17 14:45:57 2021 No.28972956

>>28972233
My honest opinion is that it's never too late to get into this, but that the longer you wait the harder it will feel.

NEVER let fomo or fud overtake you, learn to do maths well. Learn how to valuate a good cryptocurrency (there are threads on /g/ and old/g/ using wasoru or whatever that will teach you about crypto and how it works, I highly not-advise you start there and work your way through youtube videos and whitepapers, except for shitcoin farming which is purely momentum trading like AMC GME and others were a month ago in stocks).

I would also still fund my Roth IRA if I were low income like you are, it's an excellent idea to put them into a vanguard IRA and put 50% into VTI, 30% into VOO, and 20% gambling tokens like ones does with crypto, but that's me, and THEN get into crypto with the rest.

If you funded an IRA first and then funded your wallets, you'd likely be happier if you were me, but again, that's just me.

>tl;dr starting sooner is better than later unless you think it's all gonna crash hardcore soon, then wait and buy, regardless it's probably better to fund your Roth IRA and go to smg and make a good portfolio, THEN get into crypto if you feel this way

>>	Anonymous Wed Feb 17 14:47:54 2021 No.28973136 >>28972956 >Roth IRA isnt that USA only? Im eastern europe

>>	Anonymous Wed Feb 17 14:50:53 2021 No.28973392 >>28973136 >>28972956 IRA is those Irish militia no? i dont want to have anything to do with that man.

Anonymous Wed Feb 17 14:51:23 2021 No.28973434

>>28973136
The UK has an ISA, I don't know about your retirement tax exempt accounts.
Basically the IRA works like this
>be you, earn money from job
>pay tax on the income
>fund your account with post-tax dollars
>collect gains tax-free
If you have an account with benefits like that in your country I would max that first.
Unless your country does not tax your crypto gains the same way mine does, and it would be easier tax-wise to capture gains in fiat in your country.
Which country is it? I could tell you what I'm talking about specifically.

>>	Anonymous Wed Feb 17 14:52:25 2021 No.28973508 File: 3 KB, 125x125, 1608774726788s.jpg [View same] [iqdb] [saucenao] [google] >>28973392 >mfw actually can't tell if you're shitposting or not

>>	Anonymous Wed Feb 17 14:53:32 2021 No.28973594 >>28973434 Poland, 19% tax on crypto profit upto 1m pln, above that 23%.

>>	Anonymous Wed Feb 17 14:53:32 2021 No.28973595 What is a good wallet? I downloaded electrum but apparently it is only for bitcoin

Anonymous Wed Feb 17 14:53:42 2021 No.28973606
File: 41 KB, 200x200, tfw you get wasted on estus.gif [View same] [iqdb] [saucenao] [google]

>>28942400
>tfw 0.42 BTC
It feels like enough to make it, but now I'm doing my best to throw every spare penny in that I can before I get priced out of at least half a coin. I just sold the Doge I bought around $0.05 a few weeks ago to buy more BTC. I assume I will be paying some form of capital gains next year, but I only bought around $900 worth, so I accept that.

As far as stock go, my Roth IRA has 9 shares of MSTR and 20 of RIOT, which more or less act like a Bitcoin ETF. Do you know of any other stocks that track Bitcoin's price more accurately? Should I just keep my hands off it and let it ride? I have considered withdrawing my entire IRA just to purchase BTC directly, but that would be retarded because I only opened it up last year and I would get heavily penalized for early withdrawals. What do you recommend?

>>	Anonymous Wed Feb 17 14:53:47 2021 No.28973612 File: 296 KB, 2048x1152, buy.jpg [View same] [iqdb] [saucenao] [google] >>28942400 >Make this thread a sticky, jannie faggots this make it sticky save lives

Anonymous Wed Feb 17 14:55:49 2021 No.28973773

>>28972125
I have only 0.1 BTC and I keep it all in Coinbase for simplicity's sake. What are your thoughts on transferring that over to BlockFi instead? I'm holding it all online anyway, but I know nothing about BlockFi as a company and how trustworthy/stable it is and how much risk I'd truly be taking on. It sounds too good to be true.

>>	Anonymous Wed Feb 17 14:58:52 2021 No.28974016 >>28973606 real bitcoin etf comes out tomorrow btcc on the tsx

Anonymous Wed Feb 17 15:02:01 2021 No.28974262

>>28973594
You don't appear to have access to an IRA/ISA equivalent from me googling for a few minutes, I'm sorry to hear that.
Considering that, crypto may be the way to go for you besides keeping a Vanguard account and putting that money in our VTI etf for consistent, stable income.
For crypto I'd do what I was saying earlier, and just wait for a crash or bear market before beginning, otherwise you're liable to lose far more than you make at first. Both ways are fine, but investing is emotionally straining at first.
I'm still buying eth and btc, but I'm already this far in, you know? I'm kinda holding back while I wait for a crash, but I'm still trading on the eth I have and moving about 10% of my money into DAI, USDC, and USDT in case I'm totally wrong and it all collapses.

>>	Anonymous Wed Feb 17 15:03:40 2021 No.28974387 >>28973606 Don't drain your Roth what the fuck it's the best tax-treatment you can get period. If anything you need to continue to fund that thing, and invest the leftover income into crypto.

>>	Anonymous Wed Feb 17 15:05:32 2021 No.28974536 I could only afford to throw $50 in today, and it instantly went down to 47. Lol

>>	Anonymous Wed Feb 17 15:05:48 2021 No.28974551 >>28974262 well I already have a few thousand in crypto, 95% btc. I have only 5k usd in my bank right now, so I suppose waiting for a crash isnt that bad of an idea. Ill diversify into eth/link when the time comes I guess

>>	Anonymous Wed Feb 17 15:07:29 2021 No.28974687 >>28973773 I wouldn't do it. Too risky. You might rope yourself in 5-10 years thinking you had 0.1 BTC but you've lost it. Also it is probably different from a tax point of view if you just buy and sell btc or if you lend btc and earn interest.

>>	Anonymous Wed Feb 17 15:07:31 2021 No.28974689 >>28947177 They're going to be the largest internet service provider in the world in like 10 years.

>>	Anonymous Wed Feb 17 15:08:14 2021 No.28974729 >>28974262 I was also considering putting a grand in right now, and try to sell/buy with it on waves. not sure how profitable is that for a newbie

>>	Anonymous Wed Feb 17 15:09:30 2021 No.28974830 >>28974536 I bought btc at an average price of 36k a month ago. I was up 2k, then I was down 2k, now I'm up 8k. I didn't give a shit because I knew it will go up for sure.

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