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2021-02-17 01:24 28942400 Anonymous YOU ONLY HAVE ONE TASK, BUY AND HOLD BTC (1613413319586s.jpg 231x250 5kB)
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
3 min later 28942556 Anonymous (1611143246325.png 300x297 43kB)
>>28942400
Unironically based as fuck OP.
4 min later 28942584 Anonymous
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.
5 min later 28942632 Anonymous
>>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
5 min later 28942651 Anonymous
I see this post every day and I read it from start to finish every single time. Most based post on 4channel
7 min later 28942733 Anonymous (1511722473353.jpg 2951x9999 3354kB)
bitcoin maxi threads are super comfy
8 min later 28942792 Anonymous (1514264392889.png 1652x3056 1842kB)
>>28942733
10 min later 28942887 Anonymous
>>28942584
>>28942632
you had 12 years.
11 min later 28942942 Anonymous
>>28942887
I would have been 9 years old then with like 2 dollars to my name.
11 min later 28942946 Anonymous
>>28942887
no I hadn't, I'm only 21
also we're not complaining, stfu
12 min later 28943041 Anonymous
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
14 min later 28943136 Anonymous
>>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.
16 min later 28943221 Anonymous
>>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.
17 min later 28943259 Anonymous
>>28943221
Why is btc so good?
18 min later 28943321 Anonymous
>>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
19 min later 28943392 Anonymous
These threads make me want to withdraw my entire 401k and drop it all on btc.
20 min later 28943417 Anonymous (Screenshot_2021-02-17 NASDAQ 100 aktuell Index Stand Kurs (A0AE1X,US6311011026) finanzen net.png 656x464 36kB)
>>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
21 min later 28943460 Anonymous
>>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.
22 min later 28943551 Anonymous
>>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.
24 min later 28943648 Anonymous
>>28942400
This
24 min later 28943651 Anonymous
>>28942651
Same here, anon. I look forward to it every time
25 min later 28943715 Anonymous
>>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)
27 min later 28943800 Anonymous
>>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)
28 min later 28943835 Anonymous
>>28943041
You realize if you don’t start now youll experience that same feeling for the rest of your life. Over and over.
31 min later 28944041 Anonymous
>>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.
31 min later 28944046 Anonymous
>>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.
32 min later 28944070 Anonymous (Screenshot_20210217-125637_Blockfolio.jpg 1440x2960 643kB)
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.
32 min later 28944071 Anonymous
>>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
38 min later 28944348 Anonymous
>>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.
39 min later 28944412 Anonymous
>>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.
40 min later 28944462 Anonymous
>>28942400
how much bitcoin is a make it stack now?
41 min later 28944504 Anonymous
>>28944462
probably 4 BTC.
42 min later 28944577 Anonymous
>>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.
43 min later 28944635 Anonymous
>>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.
44 min later 28944649 Anonymous
>>28943417
dca during a hyperbolic bull run is probably not the greatest plan
44 min later 28944667 Anonymous (1231321546554.png 919x380 86kB)
Daily reminder to not be like this faggot midwit who thinks he can predict when bear market is against every indicator that exists
44 min later 28944678 Anonymous
>>28944070
I use a bootable usb linux distro with a persistent volume to store everything. Seed words saved in multiple places offline.
45 min later 28944727 Anonymous
>>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
45 min later 28944753 Anonymous
>>28944504
if that's your definition of "make it" you're financially illiterate
48 min later 28944864 Anonymous
>>28943835
Based anon
50 min later 28944952 Anonymous
>>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
50 min later 28944991 Anonymous
>>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
52 min later 28945091 Anonymous
>>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.
55 min later 28945217 Anonymous
>>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.
58 min later 28945381 Anonymous
>>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
1 hours later 28946456 Anonymous
>>28945381
I have a lot less faith in Tesla or Amazon than in BTC though.
1 hours later 28946672 Anonymous
>>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.
1 hours later 28946744 Anonymous
>>28946672
How can I pay less when I'm withdrawing from an exchange?
1 hours later 28946938 Anonymous
>>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
1 hours later 28947135 Anonymous
>>28942400
Keep posting this every day based fren
1 hours later 28947177 Anonymous
>>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?
1 hours later 28947257 Anonymous
>>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?
1 hours later 28947382 Anonymous
>>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.
1 hours later 28947500 Anonymous
>>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.
1 hours later 28947927 Anonymous
>>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.
1 hours later 28948006 Anonymous
>>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?
1 hours later 28948021 Anonymous
>>28942400
redpill me on AAVE
1 hours later 28948083 Anonymous
>>28947927
I am pretty certain that we will break 100k before the year ends. 1.6 trillion market cap is more than in order.
1 hours later 28948462 Anonymous
>>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.
1 hours later 28948546 Anonymous
>>28942946
>I'm a dumbass poor zoomer
Hmm what's that faggot?
2 hours later 28949090 Anonymous
>>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.
2 hours later 28949495 Anonymous
Buy now anyway or wait for small dip bros
2 hours later 28949762 Anonymous
>>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
2 hours later 28949784 Anonymous
>>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.
2 hours later 28950178 Anonymous
>>28943392
you should have done that a year ago
2 hours later 28950452 Anonymous
>>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.
2 hours later 28950738 Anonymous
>>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
2 hours later 28950740 Anonymous
If I invest £20. Will I make legit bank?
2 hours later 28950788 Anonymous
>>28950178
No kidding but I don't think my balls are that big
2 hours later 28950803 Anonymous
>>28950452
>if you can see the future then yes swing trading is smart
No shit
2 hours later 28950931 Anonymous (6B1DAC54-6EE9-4D83-89F6-02B3EF7E2F6A.jpg 591x1280 120kB)
Guys?
2 hours later 28950960 Anonymous
>>28950740
better than nothing at all, thats for sure. Fiat to Zero
2 hours later 28951010 Anonymous
>>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.
2 hours later 28951012 Anonymous
>>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.
2 hours later 28951201 Anonymous
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.
2 hours later 28951335 Anonymous
>>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.
2 hours later 28951730 Anonymous
Nigga I'm 72, I can't hold btc for a decade. I'm trying to get them fat stacks now.
2 hours later 28951803 Anonymous
Any quick tut on how to store btc offline?
2 hours later 28952048 Anonymous
>>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.
2 hours later 28952151 Anonymous
>>28951730
youve had 72 years to make your own bitcoin
2 hours later 28952181 Anonymous
>>28950960
Will I ever be a thousandaire
2 hours later 28952218 Anonymous
>>28947927
I'm buying in and am up to 0.05. Working on getting to 0.1 or more.
2 hours later 28952254 Anonymous
>>28951803
dude, there are thousands of hours of this shit on youtube.
2 hours later 28952299 Anonymous
>>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
2 hours later 28952321 Anonymous
>>28952181
With 20 quid? Not very likely, but you might turn it into 200+
2 hours later 28952361 Anonymous
>>28952299
Buy a Trezor or Ledger. Don't make it harder than it is.
2 hours later 28952456 Anonymous
>>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).
2 hours later 28952843 Anonymous
>>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.
2 hours later 28952901 Anonymous
>>28947927
Anon make it is 8 figures - you do realise this?
2 hours later 28952917 Anonymous
>>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?
2 hours later 28952937 Anonymous
You know I would invest more in to Bitcoin but the whole KYC thing kinda puts me off it!
2 hours later 28953018 Anonymous
>>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
2 hours later 28953091 Anonymous
>>28953018
War Anon war
2 hours later 28953125 Anonymous
>>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.
3 hours later 28953162 Anonymous
>>28952299
You can make a paper wallet with 100% offline key generation. Here's a trustworthy source: https://paperwallet.bitcoin.com/
3 hours later 28953401 Anonymous
>>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
3 hours later 28953689 Anonymous
>>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.
3 hours later 28953846 Anonymous
>>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.
3 hours later 28954034 Anonymous
>>28953125
Truthfully I'm thinking about investing in Monero.
3 hours later 28954278 LebAnon
>>28954034
based
>>28920842
check out the daily generals
XMR stands for what people think BTC is
dca dca dca
3 hours later 28954433 Anonymous (1.jpg 1268x800 88kB)
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.
3 hours later 28954569 Anonymous
>>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.
3 hours later 28954604 Anonymous
>>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
3 hours later 28954643 Anonymous
>>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.
3 hours later 28954694 Anonymous
>>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.
3 hours later 28954784 Anonymous
>>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
3 hours later 28954915 Anonymous
>>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.
3 hours later 28954996 Anonymous
>>28954915
idiot sell at 300-600k
it will crash to 50k in 18 months again
3 hours later 28955002 Anonymous
>>28953846
So paper is absolute safest? I’ll research that
3 hours later 28955074 Anonymous
>>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.
3 hours later 28955250 Anonymous
>>28954996
Retard
3 hours later 28955426 Anonymous
>>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
3 hours later 28955505 Anonymous
>>28954996
weak fud. If BTC unironically goes to 300k let alone 600k it's over, at that point the "crashes" will be miniscule dips.
3 hours later 28955522 Anonymous
>>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?
3 hours later 28955538 Anonymous
>>28942400
>don't swing (or you will lose sats)
buy at 20k, sell at 40k, buy at 30k - you just gained sats
3 hours later 28955608 Anonymous (crypto 2021-02-17.png 567x377 17kB)
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.
3 hours later 28955659 Anonymous
>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?
3 hours later 28955679 LebAnon
>>28955538
you can't time the market
3 hours later 28955692 Anonymous
>>28955608
I did something similar, but I bought more in the following dip. Good job for not selling any
3 hours later 28955730 Anonymous
>>28955659
they were normal, I think the dip down to 30k is the best you could have gotten
3 hours later 28955757 Anonymous
>>28950803
>he can't see the future
NGMI
3 hours later 28955760 Anonymous
>>28955659
youll never time it perfectly
3 hours later 28955802 Anonymous
>>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.
3 hours later 28955924 Anonymous
>>28951730
if you're 72 who cares?
3 hours later 28955945 Anonymous
>>28955505
> its different this time
3 hours later 28956019 Anonymous
>>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
3 hours later 28956020 Anonymous
>>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.
3 hours later 28956060 Anonymous
>>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.
3 hours later 28956091 Anonymous
>>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?
3 hours later 28956208 Anonymous
>>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
3 hours later 28956295 Anonymous
>>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.
3 hours later 28956395 Anonymous
>>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.
3 hours later 28956421 Anonymous (1562132699324.gif 400x400 87kB)
>>28954996
>sell at $300k
>watch it crash to $50k
>Buy
>turn 1btc into 6btc
That's how you fucking make it.
3 hours later 28956437 Anonymous
>>28951730
Bro just cash out, you're gonna die soon and your bitcoins will be lost.
3 hours later 28956444 Anonymous
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
3 hours later 28956488 Anonymous
>>28955679
>you can't time the market
speak for yourself, faggot
3 hours later 28956493 Anonymous
Sounds like the top is just about in
3 hours later 28956521 Anonymous
>>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.
3 hours later 28956527 Anonymous
>>28956421
this is me
3 hours later 28956594 Anonymous
>>28956421
>Sell at 300k
>BTC goes to 1million because its in a supercycle
>Rope yourself because you couldve had 3x
3 hours later 28956676 Anonymous
>>28956444
>force
you can't confiscate bitcoin.
3 hours later 28956732 Anonymous
>>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
3 hours later 28956762 Anonymous
>>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.
3 hours later 28956778 Anonymous
>>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.
3 hours later 28956854 Anonymous
>>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.
3 hours later 28956859 Anonymous
>>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.
3 hours later 28956864 Anonymous
>>28956732
See even in your worst case scenario you only lose 5x. Which isn't so much you'll lose sleep over it
3 hours later 28956879 Anonymous
>>28956732
>BTC crashes from 2M to 1.5M in 2025
>Normies and Peter Schiff say, "See, told ya it was a bubble"
3 hours later 28956932 Anonymous
>>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.
3 hours later 28956957 Anonymous
>>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
3 hours later 28957011 Anonymous
>>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.
3 hours later 28957035 Anonymous (1613217589996s.jpg 250x250 6kB)
DIAMOND HANDS ROCKET APE ROCKET ROCKET HODL NEVER SELL
3 hours later 28957091 Anonymous
>>28956864
a 500% gain is huge when you're already in the 300k territory.
3 hours later 28957238 Anonymous
>>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
3 hours later 28957462 Anonymous
>>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?
3 hours later 28957471 Anonymous
>>28957238
Can confirm the PTSD over 50x. I still occasionally feel suicidal over not buying BTC when it hit $1k.
4 hours later 28957581 Anonymous
>>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.
4 hours later 28957590 Anonymous
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?
4 hours later 28957680 Anonymous
>>28942733
>comfy
this, kek
4 hours later 28957696 Anonymous (1565319373074.jpg 354x609 121kB)
>>28957091
I'm already 5x this year. shit is cash.
4 hours later 28957774 Anonymous (1591155922067.jpg 300x244 31kB)
>>28957590
not at all
my advice /for you/ is to not buy BTC now or ever.
4 hours later 28957855 Anonymous
>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?
4 hours later 28957877 Anonymous (images (4).jpg 338x149 9kB)
>>28950931
yes?
4 hours later 28957921 Anonymous
>>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.
4 hours later 28957954 Anonymous
>accumulate nonphysical wealth to trade for fiat
nah I think I'll keep buying gold and ammo
4 hours later 28957998 Anonymous
>>28957855
There's more possible combinations than there is atoms in the universe.
4 hours later 28958026 Anonymous
>>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.
4 hours later 28958144 Anonymous
>>28958026
Millions of coins are lost forever because of that exact scenario.
4 hours later 28958162 Anonymous
>been waiting for a dip since 17k
JUST
4 hours later 28958176 Anonymous
>>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
4 hours later 28958180 Anonymous
>>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.
4 hours later 28958219 Anonymous
>>28958162
We tried to warn you, but you didn't listen.
4 hours later 28958228 Anonymous
>>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/blo b/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 29642774844752946028434172162224104 41043711607440398439410114150602576 1187823616
4 hours later 28958246 Anonymous
>>28958176
I know.
4 hours later 28958412 Anonymous
>>28957954
>it's physical so it's good
My aunt likes to accumulate old shoes in her house for example.
4 hours later 28958512 Anonymous
>>28958228
So you're saying it's possible
4 hours later 28958580 Anonymous
>>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
4 hours later 28958626 Anonymous
>>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.
4 hours later 28958689 Anonymous
>>28958219
it has to dip, probably will to 25-30k just need the timing..
4 hours later 28958756 Anonymous
>>28958162
same but it never came so i just about it at 11k
4 hours later 28958834 Anonymous
>>28958689
You really think it'll go that low?
4 hours later 28958962 Anonymous
>>28957998
So you're telling me there is a chance?
4 hours later 28959053 Anonymous
>>28958834
historically it should, but with this big corp fomo I dont know...
4 hours later 28959063 Anonymous
>>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.
4 hours later 28959215 Anonymous
>>28959053
>historically it should
Nope, run those numbers again bro. It's going to about 40-50 by the end of the cycle
4 hours later 28959226 Anonymous
>>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?
4 hours later 28959272 Anonymous (1612063978494.jpg 567x504 39kB)
>>28942400
I'm just hoping it takes so I can buy in at a big dip.
4 hours later 28959304 Anonymous
>>28959215
>>28959063
Im just going by rhodl/rainbow charts
4 hours later 28959336 Anonymous
>>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.
4 hours later 28959348 Anonymous
>>28959053
>>28959063
You guys think other corps will follow TESLA?
4 hours later 28959369 Anonymous
>>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.
4 hours later 28959516 Anonymous
>>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.
4 hours later 28959521 Anonymous (1613394641420.jpg 960x480 42kB)
https://bitcoinorshit.com/
nocoiners seethe
4 hours later 28959556 Anonymous
>>28959348
Elon is known to be the "black sheep" of the tech world, they will for sure, but not yet imo
4 hours later 28959601 Anonymous
>>28958026
The feeling of ignoring the past year of crypto rally won't subside any time soon
4 hours later 28959603 Anonymous
>>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/Execu tive_Order_6102
4 hours later 28959626 Anonymous
>>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.
4 hours later 28959737 Anonymous
>>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.
4 hours later 28959835 Anonymous
>>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.
4 hours later 28959845 Anonymous
>>28944348
How do I transfer from coinbase or binance without being charged jewy fees all the time? Take it there's no other way
4 hours later 28959889 Anonymous
>>28959603
People trusted their government then. People think their government fuck kids now.
4 hours later 28960110 Anonymous
>>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
4 hours later 28960268 Anonymous
>>28959556
>>28959626
I mean he did tell people to buy DOGE... Might have shaken their trust LOL
4 hours later 28960313 Anonymous
>>28959845
The exchange doesn't charge fees for transferring coins out, the network has transaction fees.
4 hours later 28960727 Anonymous
>>28960110
>>28960313
Oh right ok. Anyone recommend a hardware wallet that can handle Ada, BTC, Eth, link? Nano s or X?
4 hours later 28960843 Anonymous
Is bitcoin maximalism and chainlink maximalist compatible?
4 hours later 28960849 Anonymous
>>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.
4 hours later 28960881 Anonymous
>>28960313
exchanges often charge more than necessary and send the lowest viable fee
4 hours later 28960917 Anonymous
>>28960727
Ledger Nano X covers them all. It's what I use
4 hours later 28960950 Anonymous
>>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.
4 hours later 28960990 Anonymous
>>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.
4 hours later 28961043 Anonymous
>>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
4 hours later 28961100 Anonymous
*and Monero
4 hours later 28961171 Anonymous
>>28960268
>I mean he did tell people to buy DOGE
He never did though.
4 hours later 28961290 Anonymous
>>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
4 hours later 28961328 Anonymous
>>28949762
Based mr bond poster
4 hours later 28961339 Anonymous
>>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.
4 hours later 28961424 Anonymous
>>28959348
5% all corps are saying they will buy btc.
15% are planning on it.
Coindesk had a survey
4 hours later 28961451 Anonymous
>>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
4 hours later 28961498 Anonymous
>>28961339
>What's the risk involved?
You have to give your personal information to a company with a history of being hacked.
4 hours later 28961603 Anonymous
>>28958689
You never learn. Ngmi
4 hours later 28961680 Anonymous
>>28961043
>BlockFi
looks dangerous senpai
4 hours later 28961743 Anonymous
>>28961603
I already have some, I just wanted to put the rest of my money in
4 hours later 28962062 Anonymous
>>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.
5 hours later 28962201 Anonymous
>>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
5 hours later 28962208 Silver Shepherd
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.
5 hours later 28962463 Anonymous
>>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.
5 hours later 28962492 Anonymous
NOOOOOO YOU CAN'T JUST ALL IN ON BITCOIN AND TESLA AND MAKE 1000% GAINS!!! NOOOO YOU NEED MY TRADITIONAL FINANCE ADVICE!!!
5 hours later 28962828 Anonymous
>>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.
5 hours later 28962946 Anonymous
>>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.
5 hours later 28963023 Anonymous
>>28962208
Never buy a cheap copy of a product. Just buy the real thing faggot
5 hours later 28963693 Anonymous
>>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.
5 hours later 28964036 Anonymous
>>28962946
>Don't do a slow DCA
not monthly, Im thinking maybe weekly.
5 hours later 28964811 Anonymous (efd.jpg 600x584 31kB)
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
5 hours later 28965209 Anonymous
>>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.
5 hours later 28965599 Anonymous
>>28942400
Like you say that but yet I keep gaining sats by trading Alts...
5 hours later 28965685 Anonymous
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.
5 hours later 28965807 Anonymous
>>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
5 hours later 28965844 Anonymous
>>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.
5 hours later 28965943 Anonymous
>>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
5 hours later 28966092 Anonymous
>>28959369
..you don't back up your seed?!?!?!?!?!?!
5 hours later 28966293 Anonymous
>>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.
5 hours later 28966387 Anonymous
>>28966293
>$10k weekly
well I have half that in total so
6 hours later 28966607 Anonymous
Whats the best software wallet to use?
I wanna ditch coinbase!
6 hours later 28966620 Anonymous (blockplate_12_24-min_540x[1].jpg 540x304 19kB)
>>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.
6 hours later 28966664 Anonymous
>>28942946
>Wasn't telling your parents to buy BTC in 7th grade
You really had 12 years...
6 hours later 28967038 Anonymous
>>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.
6 hours later 28967447 Anonymous
>>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.
6 hours later 28967470 Anonymous
>>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
6 hours later 28967556 Anonymous
>>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.
6 hours later 28967577 Anonymous
>>28967447
>hardware wallet
which?
6 hours later 28967610 Anonymous
>>28967556
oops, the shitcoiner is mad! Go back to play with meme coins with your allowance money retard.
6 hours later 28967637 Anonymous
>>28959603
OK, now enforce it
6 hours later 28967802 Anonymous
>>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.
6 hours later 28967884 Anonymous
>>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.
6 hours later 28967993 Anonymous
>>28967802
damn thats pricey
6 hours later 28968040 Anonymous
>>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.
6 hours later 28968248 Anonymous (IMG_20210217_145113.jpg 725x800 123kB)
>>28968040
Not racist, just dont like em.
Fuck jannies and niggers and hold bitcoin.
Simple as.
6 hours later 28968313 Anonymous
>>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
6 hours later 28968320 Anonymous
>>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?
6 hours later 28968351 Anonymous (11.png 348x278 10kB)
>>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.
6 hours later 28968360 Anonymous
>>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
6 hours later 28968368 Anonymous (45232.png 676x643 107kB)
LITERALLY
O N E
T A S K
6 hours later 28968400 Anonymous
>>28968320
binance is better, wanna use my referral? :^
6 hours later 28968474 Anonymous
I hate seeing this gay fucking thread everyday
>>reddit.com/r/bitcoin
6 hours later 28968745 Anonymous
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?
6 hours later 28969287 Anonymous
My porfolio is unironically 100% BTC
6 hours later 28969302 Anonymous
>>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.
6 hours later 28969328 Anonymous
>>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
6 hours later 28969515 Anonymous
>>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.
6 hours later 28969519 Anonymous
>>28969328
weekly/monthly? How much did u put each time? was it a set amount or whatever?
6 hours later 28969726 Anonymous
>>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
6 hours later 28969743 Anonymous
>>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?
6 hours later 28969930 Anonymous
>>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
6 hours later 28970129 Anonymous
>>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%)
6 hours later 28970172 Anonymous
>>28942400
bump for based
6 hours later 28970397 Anonymous
>>28970129
thats very specific, do they track that even if u dont cash out? you dont really profit if u dont cash out
6 hours later 28970557 Anonymous
>>28968400
Yeah sure, I'll go get a Binance. I don't really like the coinbase UI so far desu.
6 hours later 28970654 Anonymous
>>28970557
if you want to use a referral, one can set it up that you get 10% of your fees back
6 hours later 28970845 Anonymous
>>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
6 hours later 28970971 Anonymous
>>28970654
Oh shit I didn't realise Binance had upfront fees. I will have to stick to coinbase for now unfortunately, friend.
6 hours later 28971039 Anonymous
>>28970971
>upfront fees
uh wym, u pay fees for trades only.
7 hours later 28971306 Anonymous (capital-gains-tax-rates-by-income-for-singles[1].png 1367x641 85kB)
>>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.
7 hours later 28971377 Anonymous
>>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.
7 hours later 28971385 Anonymous
>>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.
7 hours later 28971444 Anonymous
>>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.
7 hours later 28971576 Anonymous
>>28971444
YNAB is great for personal budgeting.
7 hours later 28971593 Anonymous
>>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
7 hours later 28971674 Anonymous (1613244222022.jpg 1280x1149 642kB)
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.
7 hours later 28971731 Anonymous
>>28971306
For euros it's even worse since we have to calculate the usd-localcurrency price at every swap
7 hours later 28971848 Anonymous
>>28971674
See: >>28963693
Stop thinking like an informed nerd and start thinking like a trend-chasing normie CEO.
7 hours later 28971894 Anonymous
>>28961290
Imagine not having backup upon backup upon backup. Being such smol brain would definitely suck
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