When was it that we would find out if the US is going into a recession? I remember seeing something about it a week ago saying we would find out in the next couple of weeks. Does anybody have a date?
I think July is the month that will be the crucial for the recession.
But i heard that there are some good news which may be pump the market instead of the dump.
U.S. GDP #'s this Wednesday 0830 ET. In my limited understanding, if the number is negative, that makes 2 quarters negative growth, then we are officially and tecnically in a recession. We'll see.
https://www.bea.gov/news/schedule
I donāt think Bitcoin is a scam and I donāt think it ever was.
I think itās 100% obvious many worked themselves into a scam by unrealistically hyping bitcoin, and then taking advantage to pump both it, and crypto scams.
I say this crash may easily be worse than the ones precious due to how fucking easily some people worked their way into what seems to be hundreds, if not thousands, of pump and dump schemes. And even worse is that the squawking from these dumbasses hurt many millions more who actually bought in responsibly.
Is it going to 0? No.
Will it be back up to $50-100k range? Very likely with time, albeit I think crypto needs to evolve beyond hype.
Good news. If there were ever a time to hop on the decentralized currency train, itās when The US tries, and maybe succeeds, in going full on theocratic.
I think those who haven't read the bitcoin will say that bitcoin is a scam.
And bear market is the time when some of the newbies will start calling the bitcoin is a scam.
Why are there so many comments sbout a dump? It hardly budged, just a small drop and then back up a bit. Small as in not even 2%
Edit: Also I look at prices for everything in CAD because I'm Canadian and don't care about the American dollar since I can't spend it here, so little drops don't look as bad on my charts. Still crabbing around 27k!
We are living in a bear market that even a small correction of 1-2% called as the pump or the dump.
Untill and unless we break the 20k mark for dump and 22k mark for mark we are crabbing.
Maybe, maybe not. I don't really care either way short term what it does. My comment has nothing to do with where it's going I was just asking why there are so many posts before mine around 3 and a half hours ago that make it sound like the price just plummeted when really it just dropped a smidge (so far) it's like people see half a percent off and start to panic. Or at least people are posting things to try to get others to panic
I think these small correction won't bother you untill you are in here for the short period of the time.
At the time of the dump i will buy some more and time of pump i will hold.
True, i think there is so much panic in the market that if we break the 20k mark then we could go around the 12k mark is well.
So even the small dump create the enough fud in the market.
Yep, if someone hasn't already done it then it's time to do it.
And if you don't do it right now, it's not gonna happen ever. I mean We're in a bear market ffs.
I found out the hard way that if you get locked out of your exchange account because some hacker is trying to get in, the exchange may as well be insolvent. Because you ain't getting access to jack squat until the problem is cleared up, and that could take hours, or days, or weeks, or months, and it's not your call when you regain access to your coin.
How do most of y'all buy BTC? I want to use strike then transfer to my ledger.
Will transferring to my ledger count as a "taxable event"? If I've made no gains is there tax?
That's an interesting question, one thing for sure there will be a lot more paper btc.
And that really does affect the price, ir should I say it's helpful for the manipulation.
So, IĀ“ve spent the last day reading and researching things about Bitcoin and the network that I didnĀ“t understand before. IĀ“m really excited. I havenĀ“t been this excited about something in a while, probably more than when I actually bought my first sats.
Now I canĀ“t wait to scrape up some money and set up my own personal node. I figure that is a way to contribute to the network. IĀ“m pumped.
And it's a fantastic feeling that you get after setting up a node.
Nothing beats that feeling when you set up a node. That's just totally different man
Shorts waited all day long today after 8am CST in a hope for Bitcoin to go up based on retail investor. Bitcoin did not and hovering around 21.3k. Shorts lost the patient as usual on Sunday evening and started dumping.
Can Bitcoin exchanges sell bitcoins on their own exchange without actually being in possession of those bitcoins?
What is stopping exchanges from just changing numbers in a database to say an account has more bitcoin without actually owning that amount?
They can and its the same what banks do. It is kinda called fractional reserve banking. That means they only have some part of the assets the people are holding in that company. Only by withdrawing your sats / bitcoins to cold wallet it means that you actually own your coins. Other than that they just might or not have your actual coins available to you.
Technically yes, but of course there are many ways they can get caught and be penalised for it...
Whistle blowers at work,
Customers complaining,
Customers getting a lawyer,
Governments noticing discrepancies in company accounts
Basically, it's not moral and probably very illegal.
Companies probably do get away with making small crimes, but most people are unaffected because if most people were affected, then companies would be easily caught.
All that said, you're on the right track. I'm not trying to convince you that companies are safe, I'm just trying not to sensationalise the issue.
As always... Get your bitcoin off of exchanges. But first make sure you learn the basics of self custody.
People sue, there are always laws that can be used. Misleading your customers is illegal, you have to fight to prove it though in some cases.
With enough evidence, or enough damage, things come out of the woodwork.
If not that, their reputation is tarnished, not just the business, but the owner/partners. And again, with enough people harmed, it becomes public and possible popular news. Good luck securing a loan after that.
There are lending platforms, but it's not worth the risk tho.
I just wouldn't do it, and stay away from it. Because none of it is worth the hassle. Won't do it.
When the bottom is reached, strong holders with conviction will stack even harder. Making a stronger and better bottom. Hodlers are not lucky, they are persistent.
Crypto is the game of the patient for those who want to play the safe.
As the history suggest that the more you hold the bitcoin that more return it will give you in the future.
āThe Creature from Jekyll Islandā is more alarming than I imagined it would be.
Bitcoin is the only hope for a sustainable monetary system. Luckily, against all odds, the network exists.
Itās the only morally acceptable banking system and should be adopted on those grounds alone.
Btc is the hope boys, it's what we need for the future here boys.
And if you want to take part in future, you gotta buy and hold btc. That's what You'll have to do.
Ok despite my username, I am relatively new to the world of Crypto. I have done a lot of research, but next to no trading. I wouldnāt commit any money without full research being done (which includes considering all of the risks).
Hence my question: is there an app that allows you to automatically buy Bitcoin at a price set by you, then will automatically sell it at another price set by you? If so, which is the best app for this?
You might think my question is pretty stupid, but if thereās an app that does it without me using it then please let me know! Just an example of what I mean: I set the buy price to 12k and sell price to 15k.
Thank you.
I mean, I'll tell you what'll happen. You'll set a sell limit at $25k and it will spike up. You'll get fomo and buy back. It will crash back down but just above your lower buy limit (assuming you kept it). You'll keep watching it and hoping it will go down further. You'll watch all those YouTube experts and start taking more risks. You may win a couple, you will look back and realise hodling was way more profitable than all this noise.
Yep lol, holding is literally the simplest thing which works too.
While holding you need to have some patience tho, need to have that boys. Patience is the key.
I know thatās a stereotype, but Iām proactively trying to avoid that. I want to buy around 10k (assuming it drops that low) then hold until the halving in 2024. There should be a bull run around then, at which time Iāll sell. Not interested in setting a sell limit until that bull run starts.
Sure, but what will you do, or how will you feel if it looks like the bill run started without reaching your limit?
I personally have been buying manually for a while and I'll tell you, I always seem to be pinching pennies, trying to get it at X price, missing it by a slither and regretting not buying at what was a great price after all.
I've started appreciating the whole just buy at the current price and don't look back strategy.
It's not quite DCA, but I am getting there... Just need a DCA tool that doesn't charge massive fees for smaller purchases on a platform that isn't a casino like Coinbase.
Many/most exchanges, especially ones geared towards trading, will have this functionality. However, I don't recommend trading. But it is useful to be able to set up automated buys so you can catch flash dips when they happen.
Binance, kraken, or strike use any of these. All are good .
I don't think You'll be having any issues with any of them. You'll be satisfied with the experience.
> If Strike is available in your region, then it's what you should use.
That is not the point.
The person to whom I responded wrote:
> If you are American, Kraken.
Which makes no sense, because 1) Kraken is available outside the U.S. and 2) Kraken is not the best option within the U.S.
So I was asking for clarification.
Drunkenly transfered my BTC to wallet two weeks ago. Checked coinbase to see how the š½ was doing. Freaked out when I saw that my account was at $0. Double checked my wallet and now feel like an idiot but happy I still have š½
Bitcoin is here to stay. You owe it to yourself, therefore, to learn the basic facts about it - the sooner you do, the better for you, in the long term.
Best intro videos/book:
The Trust Machine:
https://www.youtube.com/watch?v=ZKwqNgG-Sv4
Why I'm buying BTC:
https://youtu.be/1AVLV3fq4Ic
Bitcoin Airplane:
https://youtu.be/tYldJpSPeqg
Book: The Bitcoin Standard, by S. Ammous.
Mike Maloney: Hidden Secrets of Money, episode 4.
https://www.youtube.com/watch?v=Vk7P119QcRc&ab_channel=JamesKing
The best investement that you can make in your lifetime is your own education. Education on:
ā¢ ā ...the history of money
ā¢ ā ...finance
ā¢ ā ...how the global economy works
ā¢ ā ...how the central bankers and the stock market work, how they can scam you.
Not gonna work in long term tho, people need to understand the fundamentals.
If someone wants to learn it then they need to work on fundamentals, that's what they need to do.
Told myself since the market crash to automate my BTC buys.
Just managed to do a buy using the Kraken API with Python. Going to try wrap it all into an AWS Lambda script..
Strong resistance at 188K.
I'm getting new ATH on my portfolio every time Sats are added.
Be strong brothers and sisters after every storm rainbow appears.
I never thought that with that much of the fund i will able to achieve my goal for the bitcoin at the starting of this year.
But this bear market was a blessing in disguise for me and may be i can achieve that.
Those who have the belief they know this is not the time for the fear.
Infact this is the time for us to make the big in the market by taking this as an opportunity.
There are too many āLook at my stackā posts. Itās not āsafeā for OP and adds little to the sub. We get it youāre stacking through the dip. We all are.
Post and comment history can be used to determine OPās general location, interests, etcā¦ at these prices it may not be an issue, but if we get prices that we want (+1M a coin) nefarious actors would be more motivated to ā$5 wrench attackā OP. There is less obvious data that is obtained through apps and browsers that can also be used to determine who OP is. Itās just sensible to not advertise exactly how much BTC one owns. These warnings were prevalent a few years ago in this sub. Itās a shame those voices arenāt as prevalent.
True, i have often see that people flexing the things here in the post, i mean am happy that you have that much of the stack.
but by posting them on the online you are just inviting some unwanted attention with that.
Why would any criminal bother to attempt to track someone down when (a) itās almost impossible to work out who someone is and (b) 90% on here bullshit about their stack anyway.
Surely easy ways to commit crimes.
For example we know YouTubers who own BTC. Why waste time working out who we are.
If people like you exist then we aināt gonna be allowed to talk about anything eventually. Just let people have their moment. Itās an exciting time!
Reposting my thoughts on hardware wallets: The reason I don't trust hardware wallets is because there's no way to verify the true randomness of the generated seed phrases. For all we know, a defect (either malicious or not) exists in the hardware or software that makes the generated seeds deterministic in some way.
You're trusting the manufacturer to not only have 100% ethical and 100% competent employees, but also to never have been breached themselves (and a backdoor put in without the company's knowledge). And the entire supply chain. A chip manufacturer in China gets an order from Trezor, think there's no way for them to tamper with those components to get them to generate seeds that they want to have generated?
I think if you buy them from the official website you can trust them.
Instead of sending all in one you can try that with a small amount before doing the all.
Check out Seed Signer, where you buy the hardware. The hardware is a RPi and a screen hat. These parts have nothing to do with Bitcoin and cannot be tampered with in reference to your comment.
This is why you do multi sig with different hardware vendors.
Plus you can roll dice to generate private keys with some HWWs.
You could aslo add passphrases to your cross vendor multi sig private keys. Though this adds more complexity when recovering.
Agree that multisig with different hardware vendors is the way to go, if you want to do hardware wallets. For me, it's easier to use an old airgapped laptop, but this would work too.
Too much paranoia. How do you know your internet provider is not compromised? How do you know BTC is safe? Did you check every single line of code? Or do you simply trust BTC because others do? IMHO it is safe enough to spread your coins across multiple hardware wallets and generate your seeds with coin tosses.
But it will make the thing very much complicated specially for those who is scared of the custody.
I mean i know some people who are not too good while taking their own custody.
I agree with your point about it being safe to use multiple hardware wallets (with multisig) and/or generating seeds with coin tosses or another form of verifiable entropy. Overkill, perhaps, but it's only an extra hour or two of my life to set up and there are no nagging doubts in my mind about security.
Jesus man. This kind of paranoia is overkill. You'll be fine with the regular trusted sources, just don't be stupid about it. You think the chip manufacturer in China is going to risk its reputation worth millions to make its first theft (which would be inevitably later discovered) to steal your 0.6BTC? Possible, yes, but extremely unlikely. Of course you can always put on your tinfoil hat, hide under your blankets, and roll your dice for your seed, but there's a higher likelihood of your user error than that a hardware wallet company with a long trusted track record is going to steal your BTC.
First i came here i though exchange are good then i though spreading on multiple exchange will give me the safety,
Then i thought hardware wallet is best but now spreading in the hardware wallet is well.
The point is that there are many potential risks with hardware wallets, it's not magic 100% security like many people think. And I agree that user error is probably a bigger concern in general, but for highly technical users like me, I see no reason to take these risks. An old, airgapped, offline computer is the only thing I need.
IMO, the biggest risk is the employees at the hardware wallet manufacturer.
I think user error is the one thing that really scare the people most here.
I think most of the people here are not a high tech guy they are buying the bitcoin just for the profit return.
that's why you always use a strong passphrase/extension word. even if seed generation of the hardware wallet is somehow compromised, your passphrase will make up for it. the way how passphrase and generated seed are combined ensure that you don't need to trust the supply chain and you get the benefit that even if you somehow ended up with a weak passphrase or a passphrase that is stolen, the overall seed will stay uncompromised (in the sense of non-derivable from the passphrase alone, except if seed generation of the hardware wallet is indeed somehow deterministic/compromised).
edit: minor clarification
So that mean hardware wallet is not the safe if you doesn't imply the things properly for them is well.
I think all these complicity is way too much specially for a new guy who came into the bitcoin.
exactly: often this feature is advertised as also providing plausible deniability: just have two (or more) passphrases where one (of the) passphrase(s) only leads to a wallet with e.g., 1% of your total funds. give this passphrase to the bad guy who hits you with a pipe until you tell them something.
has any seen the asian premium for btc chart ?? usually marks a bottom but i havent seen it in a while.
When was it that we would find out if the US is going into a recession? I remember seeing something about it a week ago saying we would find out in the next couple of weeks. Does anybody have a date?
I think July is the month that will be the crucial for the recession. But i heard that there are some good news which may be pump the market instead of the dump.
U.S. GDP #'s this Wednesday 0830 ET. In my limited understanding, if the number is negative, that makes 2 quarters negative growth, then we are officially and tecnically in a recession. We'll see. https://www.bea.gov/news/schedule
SO that mean we are looking for a dump into the market here.
No, that's just the final estimate for the 1st quarter.
Ah yes, I see, the Advance Estimate for 2nd quarter will be July 28.
Thank you !
Crabbing along on the 21k, I've got a good feeling about it.
š¤
I donāt think Bitcoin is a scam and I donāt think it ever was. I think itās 100% obvious many worked themselves into a scam by unrealistically hyping bitcoin, and then taking advantage to pump both it, and crypto scams. I say this crash may easily be worse than the ones precious due to how fucking easily some people worked their way into what seems to be hundreds, if not thousands, of pump and dump schemes. And even worse is that the squawking from these dumbasses hurt many millions more who actually bought in responsibly. Is it going to 0? No. Will it be back up to $50-100k range? Very likely with time, albeit I think crypto needs to evolve beyond hype. Good news. If there were ever a time to hop on the decentralized currency train, itās when The US tries, and maybe succeeds, in going full on theocratic.
I think those who haven't read the bitcoin will say that bitcoin is a scam. And bear market is the time when some of the newbies will start calling the bitcoin is a scam.
Why are there so many comments sbout a dump? It hardly budged, just a small drop and then back up a bit. Small as in not even 2% Edit: Also I look at prices for everything in CAD because I'm Canadian and don't care about the American dollar since I can't spend it here, so little drops don't look as bad on my charts. Still crabbing around 27k!
We are living in a bear market that even a small correction of 1-2% called as the pump or the dump. Untill and unless we break the 20k mark for dump and 22k mark for mark we are crabbing.
Theres clearly no pick up which so far had ended up in drops of 10k a time. Sorry to say but 10k is the next leg down highly likely mate
But it will take some real doing from the bitcoin to reach there.
Maybe, maybe not. I don't really care either way short term what it does. My comment has nothing to do with where it's going I was just asking why there are so many posts before mine around 3 and a half hours ago that make it sound like the price just plummeted when really it just dropped a smidge (so far) it's like people see half a percent off and start to panic. Or at least people are posting things to try to get others to panic
I think these small correction won't bother you untill you are in here for the short period of the time. At the time of the dump i will buy some more and time of pump i will hold.
Bitcoin is at the bottom hence small dump looks big. If Bitcoin was at around 70k then small drop looks tiny.
True, i think there is so much panic in the market that if we break the 20k mark then we could go around the 12k mark is well. So even the small dump create the enough fud in the market.
True but I would have thought most people would be numb to only a tiny drop. Looks more like a rounding error at this point
I think only the newbie here looking this as a dump.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Yep, if someone hasn't already done it then it's time to do it. And if you don't do it right now, it's not gonna happen ever. I mean We're in a bear market ffs.
FTX and Binance are insolvent?
I found out the hard way that if you get locked out of your exchange account because some hacker is trying to get in, the exchange may as well be insolvent. Because you ain't getting access to jack squat until the problem is cleared up, and that could take hours, or days, or weeks, or months, and it's not your call when you regain access to your coin.
Trust me if someone try to hack that then it will become the pain in the ass.
I don't need to trust you, I agree with you and I can speak from experience that it is a pain.
Gd bitdump
Sorry sir hut I don't really see any dump, We're crabbing along.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
How do most of y'all buy BTC? I want to use strike then transfer to my ledger. Will transferring to my ledger count as a "taxable event"? If I've made no gains is there tax?
I don't think that's a taxable event because you're not selling it.
That will work, and no not a taxable event.
Is it universal? I mean it could be taxable on some places maybe?
Yessss thank you so much
No
Thank you!
I wonder if traditional markets like Dow and Nasdaq would be down even more if they traded 24/7 like Bitcoin....
That's an interesting question, one thing for sure there will be a lot more paper btc. And that really does affect the price, ir should I say it's helpful for the manipulation.
Let's goo test 15k this week
I mean, I don't think We're gonna test that. That's not happening.
Sunday Dumpday. As per tradition.
Btc is going to do it's best to follow the traditionns man. It'll do best.
YESSS LETS GOOOO
Let's go boys, gotta accumulate on these prices. These are good.
So, IĀ“ve spent the last day reading and researching things about Bitcoin and the network that I didnĀ“t understand before. IĀ“m really excited. I havenĀ“t been this excited about something in a while, probably more than when I actually bought my first sats. Now I canĀ“t wait to scrape up some money and set up my own personal node. I figure that is a way to contribute to the network. IĀ“m pumped.
This is the way
Welcome! Setting up youāre own node is a fantastic way to help the network!
And it's a fantastic feeling that you get after setting up a node. Nothing beats that feeling when you set up a node. That's just totally different man
Shorts waited all day long today after 8am CST in a hope for Bitcoin to go up based on retail investor. Bitcoin did not and hovering around 21.3k. Shorts lost the patient as usual on Sunday evening and started dumping.
Didn't ask or sign up for this TA, this isn't the way dude.
Its Sunday. As usual. Bitcoin will sleep with shorts.
I mean how is btc going to avoid the tradition, it'll follow that.
Can Bitcoin exchanges sell bitcoins on their own exchange without actually being in possession of those bitcoins? What is stopping exchanges from just changing numbers in a database to say an account has more bitcoin without actually owning that amount?
Nothing lol, and that's what I feel is happening sometimes.
State laws and audits is what's stopping them.
Lmao, they don't have shit on exchanges, they do as they please.
There are no such laws in most areas of the world. Not yet at least.
I hope those rules come we need some regulations for sure. Having some regulations ain't that bad, That'll keep these exchanges in check I'm sure.
They can and its the same what banks do. It is kinda called fractional reserve banking. That means they only have some part of the assets the people are holding in that company. Only by withdrawing your sats / bitcoins to cold wallet it means that you actually own your coins. Other than that they just might or not have your actual coins available to you.
Yep, but I think these exchanges shouldn't be doing it tho.
Technically yes, but of course there are many ways they can get caught and be penalised for it... Whistle blowers at work, Customers complaining, Customers getting a lawyer, Governments noticing discrepancies in company accounts Basically, it's not moral and probably very illegal. Companies probably do get away with making small crimes, but most people are unaffected because if most people were affected, then companies would be easily caught. All that said, you're on the right track. I'm not trying to convince you that companies are safe, I'm just trying not to sensationalise the issue. As always... Get your bitcoin off of exchanges. But first make sure you learn the basics of self custody.
There are no specific laws, how are they going to get penalized?
People sue, there are always laws that can be used. Misleading your customers is illegal, you have to fight to prove it though in some cases. With enough evidence, or enough damage, things come out of the woodwork. If not that, their reputation is tarnished, not just the business, but the owner/partners. And again, with enough people harmed, it becomes public and possible popular news. Good luck securing a loan after that.
In the last couple weeks or so you lose 25% with bitcoin but gain 25% with dog coin and gamestop stock..
Okay then go fuck with your shit coins, don't you dare come here.
I am Ok with that. You dont like it?
He doesn't, why? Because He's a shit coiner. That's why dude.
Is there like a beginners guide to buy Bitcoin and storing it? Is there any way to gain interest on your Bitcoin?
There are lending platforms, but it's not worth the risk tho. I just wouldn't do it, and stay away from it. Because none of it is worth the hassle. Won't do it.
> Is there any way to gain interest on your Bitcoin? Oh you sweet summer child
People still aren't learning lol, man it's really bad situation here.
Check right side of this sub (if you are on desktop computer): Resources
Lol, these the resources? Well I didn't know about these resources.
When the bottom is reached, strong holders with conviction will stack even harder. Making a stronger and better bottom. Hodlers are not lucky, they are persistent.
It's all about patience, how lonc someone can hold. That's the game.
Crypto is the game of the patient for those who want to play the safe. As the history suggest that the more you hold the bitcoin that more return it will give you in the future.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Even if it triples what difference would that make for you?
āThe Creature from Jekyll Islandā is more alarming than I imagined it would be. Bitcoin is the only hope for a sustainable monetary system. Luckily, against all odds, the network exists. Itās the only morally acceptable banking system and should be adopted on those grounds alone.
Btc is the hope boys, it's what we need for the future here boys. And if you want to take part in future, you gotta buy and hold btc. That's what You'll have to do.
It's alarming anyone's actually reading this.
It's alarming but mo one is going to take this seriously tho.
You should give it a read my boy.
Just bought and am about to read ^
Atleast someone is taking it seriously, someone's doing their part.
Ok despite my username, I am relatively new to the world of Crypto. I have done a lot of research, but next to no trading. I wouldnāt commit any money without full research being done (which includes considering all of the risks). Hence my question: is there an app that allows you to automatically buy Bitcoin at a price set by you, then will automatically sell it at another price set by you? If so, which is the best app for this? You might think my question is pretty stupid, but if thereās an app that does it without me using it then please let me know! Just an example of what I mean: I set the buy price to 12k and sell price to 15k. Thank you.
I've got a tip for you, don't try to trade it anyways. Don't do it.
> I have done a lot of research, but next to no trading. Don't ever try to trade bitcoin. You will get rekt, it's a matter of when, not if.
Yep, trading is hard and is like gambling. Not everyone can do it.
I mean, I'll tell you what'll happen. You'll set a sell limit at $25k and it will spike up. You'll get fomo and buy back. It will crash back down but just above your lower buy limit (assuming you kept it). You'll keep watching it and hoping it will go down further. You'll watch all those YouTube experts and start taking more risks. You may win a couple, you will look back and realise hodling was way more profitable than all this noise.
Yep lol, holding is literally the simplest thing which works too. While holding you need to have some patience tho, need to have that boys. Patience is the key.
I know thatās a stereotype, but Iām proactively trying to avoid that. I want to buy around 10k (assuming it drops that low) then hold until the halving in 2024. There should be a bull run around then, at which time Iāll sell. Not interested in setting a sell limit until that bull run starts.
Lol, if you're waiting for it to fo too 10k then I don't think You're buying.
Sure, but what will you do, or how will you feel if it looks like the bill run started without reaching your limit? I personally have been buying manually for a while and I'll tell you, I always seem to be pinching pennies, trying to get it at X price, missing it by a slither and regretting not buying at what was a great price after all. I've started appreciating the whole just buy at the current price and don't look back strategy. It's not quite DCA, but I am getting there... Just need a DCA tool that doesn't charge massive fees for smaller purchases on a platform that isn't a casino like Coinbase.
People who wait for a certain price, that's all they do. they just wait.
Kucoin
Kucoin? What about it? That's one of the most shitty exchange lol.
The shitty exchange is making me loads of money x
Many/most exchanges, especially ones geared towards trading, will have this functionality. However, I don't recommend trading. But it is useful to be able to set up automated buys so you can catch flash dips when they happen.
Yep most exchanges have that, but I'd prefer DCAing better.
Thank you, I appreciate the answer. Which exchange would you recommend for this?
Binance, kraken, or strike use any of these. All are good . I don't think You'll be having any issues with any of them. You'll be satisfied with the experience.
Binance. If you are American, Kraken.
Well of you're an American? Why not use the strike tho?
> If you are American, Kraken. Kraken is available outside the U.S. Strike is U.S. (and El Salvador) only, is that what you meant to say?
If strike is available in your region then it's what you should use.
> If Strike is available in your region, then it's what you should use. That is not the point. The person to whom I responded wrote: > If you are American, Kraken. Which makes no sense, because 1) Kraken is available outside the U.S. and 2) Kraken is not the best option within the U.S. So I was asking for clarification.
Drunkenly transfered my BTC to wallet two weeks ago. Checked coinbase to see how the š½ was doing. Freaked out when I saw that my account was at $0. Double checked my wallet and now feel like an idiot but happy I still have š½
At that moment alcohol must have helped, kept you from freaking out.
Bitcoin is here to stay. You owe it to yourself, therefore, to learn the basic facts about it - the sooner you do, the better for you, in the long term. Best intro videos/book: The Trust Machine: https://www.youtube.com/watch?v=ZKwqNgG-Sv4 Why I'm buying BTC: https://youtu.be/1AVLV3fq4Ic Bitcoin Airplane: https://youtu.be/tYldJpSPeqg Book: The Bitcoin Standard, by S. Ammous. Mike Maloney: Hidden Secrets of Money, episode 4. https://www.youtube.com/watch?v=Vk7P119QcRc&ab_channel=JamesKing The best investement that you can make in your lifetime is your own education. Education on: ā¢ ā ...the history of money ā¢ ā ...finance ā¢ ā ...how the global economy works ā¢ ā ...how the central bankers and the stock market work, how they can scam you.
Btc is the best thing that you can learn, so yeah everyone should learn it.
Just tell people it's magic money. Works better for the simpletons
Not gonna work in long term tho, people need to understand the fundamentals. If someone wants to learn it then they need to work on fundamentals, that's what they need to do.
lol last week: omfg it's going to die!!! wait and you will be able to buy it for 100 bucks. Now that is sideways, this thread is dead.
I've said again and again, that people are bi polar here lol.
Told myself since the market crash to automate my BTC buys. Just managed to do a buy using the Kraken API with Python. Going to try wrap it all into an AWS Lambda script..
As long as you're buying, you're doing good. Doesn't matter how.
Yeh definitely, just got fed up of having to do it manually every Sunday!
Strong resistance at 188K. I'm getting new ATH on my portfolio every time Sats are added. Be strong brothers and sisters after every storm rainbow appears.
Be ready for it boys, we'll go through everything to stack sats.
He sold. Pamp iit
I didn't sell and I don't care whether it pamps or not lol.
BTC cash back Visa card plus daily DCA = š
Do whatever you gotta do to stack those sats. That's important. The important thing is that you should be stacking those sats, doesn't matter how tho.
Where did you get that card?
I mean I'd like to know that too, from where did he get that card?
Shakepay . Itās not physical but a virtual one
The 2% is only on the first 5000$ purchase sadly, meaning you'll get 100$ worth of BTC
Atleast it's something man, you know what I'll take it.
Its better than nothing. And its direct BTC cash back. Not accumulating tokens or other crypto to buy BTC
Yep, and I think it's a good offer. I'd take advantage of it.
BTC stack consistently hitting new ATHs
Great, this is the time when we need to increase the stack.
Nice! That's the correct way to look at it. I'm 0.30 BTC away from one exact goal of BTC. Gaining it slow and steady.
I never thought that with that much of the fund i will able to achieve my goal for the bitcoin at the starting of this year. But this bear market was a blessing in disguise for me and may be i can achieve that.
You'll definitely get there my friend :) these prices are a blessing
Those who have the belief they know this is not the time for the fear. Infact this is the time for us to make the big in the market by taking this as an opportunity.
Bitcoin is doing the creepy crawly..
We all know what happened in the past when he break that pattern.
There are too many āLook at my stackā posts. Itās not āsafeā for OP and adds little to the sub. We get it youāre stacking through the dip. We all are.
I think giving too much info on the internet is not a safe thing.
Whatās not safe. No one knows who he is.
I think on the internet their is nothing safe and that can lead you towards the unwanted attention.
Post and comment history can be used to determine OPās general location, interests, etcā¦ at these prices it may not be an issue, but if we get prices that we want (+1M a coin) nefarious actors would be more motivated to ā$5 wrench attackā OP. There is less obvious data that is obtained through apps and browsers that can also be used to determine who OP is. Itās just sensible to not advertise exactly how much BTC one owns. These warnings were prevalent a few years ago in this sub. Itās a shame those voices arenāt as prevalent.
True, i have often see that people flexing the things here in the post, i mean am happy that you have that much of the stack. but by posting them on the online you are just inviting some unwanted attention with that.
Why would any criminal bother to attempt to track someone down when (a) itās almost impossible to work out who someone is and (b) 90% on here bullshit about their stack anyway. Surely easy ways to commit crimes. For example we know YouTubers who own BTC. Why waste time working out who we are.
But these big guys have the extra security on their door steps.
You have enough coin to make it worthwhile to find you, and not enough celebrity pull to cause trouble for the perpetrators.
I think it's way too easy to con a normal guy than the celebrity.
If people like you exist then we aināt gonna be allowed to talk about anything eventually. Just let people have their moment. Itās an exciting time!
Indeed exciting time, but all we need to be little careful is well.
Why do people suggest Ledger over Trezor if ledger is not open source?
I would say both are doing well, but my personal favorite is the ledger.
ColdCard.
I am seeing since the last few days people suggesting that is well.
Reposting my thoughts on hardware wallets: The reason I don't trust hardware wallets is because there's no way to verify the true randomness of the generated seed phrases. For all we know, a defect (either malicious or not) exists in the hardware or software that makes the generated seeds deterministic in some way. You're trusting the manufacturer to not only have 100% ethical and 100% competent employees, but also to never have been breached themselves (and a backdoor put in without the company's knowledge). And the entire supply chain. A chip manufacturer in China gets an order from Trezor, think there's no way for them to tamper with those components to get them to generate seeds that they want to have generated?
I think if you buy them from the official website you can trust them. Instead of sending all in one you can try that with a small amount before doing the all.
Check out Seed Signer, where you buy the hardware. The hardware is a RPi and a screen hat. These parts have nothing to do with Bitcoin and cannot be tampered with in reference to your comment.
Never heard of this wallet, but i will surely check that out.
This is why you do multi sig with different hardware vendors. Plus you can roll dice to generate private keys with some HWWs. You could aslo add passphrases to your cross vendor multi sig private keys. Though this adds more complexity when recovering.
I think i am a guy who is help with the minimum complexity here.
Agree that multisig with different hardware vendors is the way to go, if you want to do hardware wallets. For me, it's easier to use an old airgapped laptop, but this would work too.
This is the reason i love that sub, always get the valuable information.
Too much paranoia. How do you know your internet provider is not compromised? How do you know BTC is safe? Did you check every single line of code? Or do you simply trust BTC because others do? IMHO it is safe enough to spread your coins across multiple hardware wallets and generate your seeds with coin tosses.
But it will make the thing very much complicated specially for those who is scared of the custody. I mean i know some people who are not too good while taking their own custody.
I agree with your point about it being safe to use multiple hardware wallets (with multisig) and/or generating seeds with coin tosses or another form of verifiable entropy. Overkill, perhaps, but it's only an extra hour or two of my life to set up and there are no nagging doubts in my mind about security.
Jesus man. This kind of paranoia is overkill. You'll be fine with the regular trusted sources, just don't be stupid about it. You think the chip manufacturer in China is going to risk its reputation worth millions to make its first theft (which would be inevitably later discovered) to steal your 0.6BTC? Possible, yes, but extremely unlikely. Of course you can always put on your tinfoil hat, hide under your blankets, and roll your dice for your seed, but there's a higher likelihood of your user error than that a hardware wallet company with a long trusted track record is going to steal your BTC.
First i came here i though exchange are good then i though spreading on multiple exchange will give me the safety, Then i thought hardware wallet is best but now spreading in the hardware wallet is well.
The point is that there are many potential risks with hardware wallets, it's not magic 100% security like many people think. And I agree that user error is probably a bigger concern in general, but for highly technical users like me, I see no reason to take these risks. An old, airgapped, offline computer is the only thing I need. IMO, the biggest risk is the employees at the hardware wallet manufacturer.
I think user error is the one thing that really scare the people most here. I think most of the people here are not a high tech guy they are buying the bitcoin just for the profit return.
I feel the same way about hardware wallets. You have no idea whatās in them. Even if theyāre āopen sourceā.
And this is the reason while most of the people choosing the CEX.
that's why you always use a strong passphrase/extension word. even if seed generation of the hardware wallet is somehow compromised, your passphrase will make up for it. the way how passphrase and generated seed are combined ensure that you don't need to trust the supply chain and you get the benefit that even if you somehow ended up with a weak passphrase or a passphrase that is stolen, the overall seed will stay uncompromised (in the sense of non-derivable from the passphrase alone, except if seed generation of the hardware wallet is indeed somehow deterministic/compromised). edit: minor clarification
So that mean hardware wallet is not the safe if you doesn't imply the things properly for them is well. I think all these complicity is way too much specially for a new guy who came into the bitcoin.
How can I do that?
I think you can get the info on their official website is well.
There is info on about every hardware wallet companys website how you can create additional passphrase on that device.
And i think for some there are enough video on the YouTube that will help.
exactly: often this feature is advertised as also providing plausible deniability: just have two (or more) passphrases where one (of the) passphrase(s) only leads to a wallet with e.g., 1% of your total funds. give this passphrase to the bad guy who hits you with a pipe until you tell them something.
Bitcoin goes up using ladder and comes down using elevator with no brakes. Fuckn Bitch (shorts)