I am thinking about becoming a whole coiner
I am considering buying 1btc & then moving it off the exchange to a wallet.
I am hesitant for a couple reasons - mainly price fluctuations. I don’t mind the 1-10% drawdowns, but a move like 50% would possibly shake me out.
How do you full coiners cope with the price of BTC fluctuations?
https://redd.it/1cnokjr
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Daily Discussion, May 09, 2024
Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!
If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.
Please check the previous discussion thread for unanswered questions.
https://redd.it/1cnq5fz
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How My Chinese Ancestors Taught Me to Invest in Bitcoin
I am a second generation Chinese American. Recently, my parents visited the motherland. They brought back something that furthered my belief in Bitcoin.
My great grandparents (deceased) were wealthy landowners. Our family clan was powerful and prestigious, they had dozens of servants and lived in a huge family compound in the countryside. They were the 1%. Then the communists took over. They ransacked the compound and took everything of value and redistributed the farming land. Almost overnight my great grandparents were reduced to peasants. However, they did manage to save a small amount of their wealth in silver dollars which they had buried in the ground and hid for decades before passing on to my grandparents, who recently passed them on to my parents.
These silver dollars, a few ounces worth a couple hundred dollars today, are the extent of my great, powerful, wealthy ancestor's legacy. I can't help but think, if only they had Bitcoin! Bitcoin is the ultimate in hard, portable wealth. Bitcoin is better than silver and better than gold in that it can be stored in your mind. Like silver and gold it's even more easily transported, across oceans if need to be.
Personally I store my wealth in BTC, a small amount in other cryptos and a small amount in gold. The lesson I took from my ancestors is that hard, portable assets are the only things guaranteed to be passed down to future generations. Everything else can and will be eventually taken from you or your descendants.
https://redd.it/1cnjm5d
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"Anybody who has zero Bitcoin is really missing the most asymmetric bet that I have ever seen." - Lawrence Lepard
https://redd.it/1cng8m1
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Not your keys, not your coins. Junseth interviews a social engineering "hacker" kid...
Listen to this and if you haven't, get a fucking hardware wallet today and NEVER give someone your seedphrase or send your sats to these degenerates.
https://soundcloud.com/junsethsworld/interview-with-a-social-engineering
https://redd.it/1cn7unh
@r_bitcoin
What are sites the average American can use to gauge the state of things?
Matthew Kratter often uses sites like the USDebtClock, wtfhappenedin1971, M2 money supply, bitcoin vs various fiat currencies...
what am I missing?
I need data to convince people things are a muck and aren't getting better.
https://redd.it/1cmzrkb
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✨ Exactly 15 years ago today, the very 1st Bitcoin discussion on Reddit took place.
https://redd.it/1cn1w3b
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Daily Discussion, May 08, 2024
Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!
If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.
Please check the previous discussion thread for unanswered questions.
https://redd.it/1cmxfqm
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FTX Has Billions More Than Needed to Pay Bankruptcy Victims
https://finance.yahoo.com/news/ftx-billions-more-needed-pay-231400349.html
https://redd.it/1cmqxoz
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Engineered monetary system
https://redd.it/1cmgjzb
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Anyone else? Or is this just me…
https://redd.it/1cmbpbk
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JUST IN: 🇰🇷 South Korea’s winning party to allow spot Bitcoin ETFs in the country soon: Reports
https://redd.it/1cmd7bw
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Learned the hard way..
https://redd.it/1cnpqe2
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Up and away….
https://www.thestreet.com/crypto/markets/blackrock-etf-wealth-funds-pension-bitcoin-price-record
Latest trend seen by BlackRock will drive record bitcoin price, analyst says
Take a look at the video.
The question remains…how much money is still on the sidelines waiting to buy into Bitcoin.
My assumption is we need more
Confidence and a higher price….plus a run up would not hurt the cause.
https://redd.it/1cne2xb
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Coindesk: House Votes to Erase SEC Crypto Policy While President Biden Vows Veto
https://www.coindesk.com/policy/2024/05/08/house-poised-to-vote-on-erasing-sec-crypto-policy-while-president-biden-vows-veto/
https://redd.it/1cnio57
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There may be hope for r/fluentinfinance yet...
https://redd.it/1cndf3z
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4th Bitcoin halving has passed... What's next?
https://youtu.be/ZwCkXc1369c?si=oBUQUi10g1-XSh1Q
https://redd.it/1cn97ot
@r_bitcoin
Regret listening to friends and family
Years ago when I was first getting into BTC I was pretty excited for it and believed it would continue to grow despite me not fully understanding it at the time. Me being dumb, I would talk about it to others but I got told that I shouldn't be investing in that and to only invest in traditional assets. Me trusting them I stopped stacking sats for a few years while only focusing on traditional safer investments.
Only recently have I came back to BTC after studying it and now fully understanding it and I keep thinking about all the sats I've missed out on had I not been influenced by others.
Just wanted to get that off my chest.. anyone else had a similar experience?
https://redd.it/1cn865w
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How Bitcoin Transforms Lives: A Glimpse Into Bitcoin Lifestyle
https://bitcoinnews.com/opinion/a-glimpse-into-bitcoin-lifestyle/
https://redd.it/1cn4b74
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JUST IN: 🇦🇷 Argentina state-owned company’s subsidiary will mine Bitcoin with Stranded Gas: Forbes
https://redd.it/1cn1yk1
@r_bitcoin
How do you all feel about the people who don’t get it and simply don’t want to?
Personally I’ve been seeing this a lot with some of my circle, the folks who don’t understand bitcoin while at the same time don’t care to learn about it. I used to see this as negative and felt every need to further explain WHY there’s benefits. I’ve come to realize they won’t change from my words alone, yet every time I encounter this I sort of smile. I no longer feel the need to try and convince someone to check bitcoin out, if I’m met with any resistance I simply say “no worries” and buy more because we are so mfn early still. Not another hopium post btw, we are still so niche it’s insane, they seriously need to hear it from wallstreet first or from their financial advisor
https://redd.it/1cms1fe
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Saw this in Guatemala!
https://redd.it/1cmqjiy
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Lost my job, anyone sell bitcoin to cover bills?
I just got informed that I am losing my job at the end of June. So I have time to find a new one, but frankly I'm scared or just not interested in going through that BS right away. (I'm on a bunch of other job threads that just speak of the absolute nightmare that is applying and interviewing). However, I have a little bitcoin and can probably sell it to cover two months of expenses, maybe 3. Is it worth it - or more so anyone had to do it? also, how do you report it on taxes since if it was say $10K and I had it for over 3 years it's taxed at I think 15% but I don't have proof of that. I tracked it on blockfolio but that whole FTX thing messed that app up so I don't have that info.
https://redd.it/1cmj0w6
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Another big institution invests in Bitcoin
Asset management firm Hightower, which has more than $100 billion dollars in AUM, has revealed investing more than $68 million dollars in Bitcoin ETF.
I am getting a feeling that this will be a super cycle, in the beginning of the year I though even $200k may be too high but now I really think Bitcoin could go above $300K. Am I being too optimistic?
https://www.benzinga.com/markets/cryptocurrency/24/05/38668430/130b-asset-manager-hightower-makes-splash-with-68m-spot-bitcoin-etf-purchase
https://redd.it/1cmgkqi
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Unjustified ignorance
Do you realize how stupid we are going to look to future generations when they find out most of us believed the only way for money to work is to have a banking cartel that can create it out of thin air?
https://redd.it/1cm5ve6
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What happens when you believe and BTD. Up 130% ever since
https://redd.it/1cm96g6
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