BTCUSDT20240406C68500
Bitcoin / Tether USD Apr 6 2024 68500.00 Call
crypto

I stopped consuming alcohol and put that booze money into weekly purchases of BTC. It’s only been 1 year 11 mos and 1 day. But I almost have .15 of BTC 🤯
Just start somewhere and commit. You will see the fruits of your labor. I promise. I wish you the best of luck! Let me know if you have any more thoughts on how I can speed up my accumulation

I think you just have the wrong idea about it. BTC shouldn’t be used for everyday purchases. It’s the best way of securing your wealth, plain and simple.

I can’t imagine bitcoin is ever used like Apple Pay, why would it be, Apple Pay is already a thing. Bitcoin is the most secure way to store your money, it’s impossible for anyone to access it but you on your cold storage wallet (unless your seed phrase is compromised). That’s the value of it, use your fiat to buy things, BTC shouldn’t be used for that.
Imagine being in Ukraine when the Russians invaded and you have to leave everything but a few cherished items… including your cold wallet and seed phrase… so you can easily start a new life somewhere else

I was considering such a mechanism for another "emergency" purpose. But that would not be related to seeds but actual wallet addresses, no? You can pre-sign a transaction to move your BTC out of your cold wallet to some family multisig. But it will have a nonce, so this is the only operation you can do - OK for cold wallets. Then you just broadcast the transaction in emergency or if you loose access to the cold wallet. Is this the idea?

Ignore every coin except the king - BTC. Your strategy is safe if that is what you can afford to put toward it. Biggest thing above all is be patient, you need to have a long term mindset with BTC. Also don’t get discouraged if the price dips (60-80% dips have occurred in the past and it always goes back up). Just make sure to continue to learn about BTC and your conviction will grow that you’re making the right choice. Eventually, as with many other people, I am sure you will feel safer putting your money into BTC than anything else.

What incentive did miners have when BTC was worth little fiat years ago?

I think something important to remember is that we're arguing which may be the better of two options that are both good overall i.e. not the lesser of two evils but the better of two goods.
I agree that it's most likely that the BTC he sold ends up being worth more than his home in the future, but we can't discount the stability and security he's able to provide for himself and his family over the next 5-10 years. That could be a big personal opportunity cost should he have decided to keep his BTC, and ultimately the avoidance of that cost, to him, may outweigh the possibility of losing out on gains over time. If you don't have incredibly high conviction in BTC it makes sense to sell for stability and security after a big gain. I personally would sell a portion for a down payment and probably keep the rest, but I'm the type of person that naturally tends toward the middle road to avoid too much asymmetric regret in either direction.

Hi there, I already approx 20k in BTC, which I have bought over the years in smaller amounts through Etoro and then transferred to by Tangem wallet where it is stored. A so understand, this is quite an expensive exchange.
Is there a cheaper and safer way to purchase a large lump sum? I’m looking to invest around 50k GBP in the Uk in BTC.
From my research, people suggest against purchasing through the Tangem wallet, supported by Mercuryo exchange, for multiple reasons, but a lot suggest Mercury is slightly dodgy.
So do I just purchase though Etoro, and transfer it, or are there better/safer platforms to use to purchase and then transfer to my wallet?
Thanks for any advice.

Hey something I suggest everyone try with the Ledger device is Sparrow Wallet instead of using the Ledger Live interface.
That first Sparrow Wallet interface experience is both 😳 and 🤯and makes one realize how spammy and scammy Ledger Live has become, and how few features it has.
It’s just ridiculous the difference between Ledger Live and Sparrow Wallet. It’s the concession Ledger must make to remain a shitcoin wallet as opposed to a dedicated BTC wallet.

BTC markets itself as a SoV. That is a recipe for disaster. Without a use case that narrative will stumble and crash hard. It always has.
>As far as markets go. It doesnt matter if its manipulated or not or what ever
It does, but that comes as a surprise to every Opportunist.
BCH has been good to me. So far it has been an excellent SoV for me. Could I have made more money elsewhere? Likely, but I'm not a gambler. I have BCH because I want the world to have better money, sound self custodial money.
And you know, we can change the impression people have about BCH. The current sentiment that is mainly caused by BTC slander is not written in stone. And once it changed you will be happy to have bough BCH at these prices. Same as Bitcoin back in the days when people bought it because it promised better money.
This fatalist attitude of yours is helping no one and is also a consequence of the BTC slander that wants to see BCH dead. You know who else wants to see p2p cash dead? The current FIAT system. There is no winning without a fight.

Well, i don't think it's so critical to choose BTC

Never. Saylor is going to keep diluting shares to buy more BTC.
He’s now also going to dilute shares to meet dividend requirements for one of those MST offshoots.
It’s a giant ponzi and will end terribly at some point.

Basically, if you can not be bothered buying gold bars, buying a safe, buying weapons, doing gun training...etcetera
...instead... you can just buy BTC. It is slightly easier, and people have the collective belief that it will continue to be a better option in terms of performance and not just convenience compared to gold. So far, they've been around 200% to 300% correct. Worst case scenario, they may only be around 100% correct.
Outside of that, it has the whole "hype" factor, and people know that nerds are fascinated with it, so it's always going to be slightly more interesting than gold. The rate of nerds in every population is rapidly increasing, too.
Even though 99% of said nerds can't really appreciate the full genius of it. In terms of the intrinsic usage of gold (eg, chips, phones, jewellery), it's hugely overstated... gold is mostly useless, and 99.9% of the time, it's used as a traditional medium of exchange or as guarantor material.
And yeah, as a payment system? Lightning failed, and it's a piece of shit for 'instant' payments... but this is generally not what it is used for, though. There are other ones for that, and they're generally great, also as a weird coincidence, you can hold BTC and conveniently spend using any other crypto that then convers to whatever currency you want, almost instantly.
Buying BTC is like purchasing shares in the original company that invented HTTP or SMTP, except that the company doesn't produce revenue, and the inventor was some epic legend, and he specifically set it up to internationalise finance despite the incredibly obvious h
Impending changing government activity. And instead of the company "mining" gold, it generally just holds it.
Now why is this stupid?
Well its not...if you look at every single listed company that mines actual real gold...that was their company mission etc. Turns out 90% of them go bust buying equipment etc, or they dont return much to shareholders. Here is where it gets funny;
If all of these companies simply held onto the gold, instead of selling it at market price, all of them would not only still be in business, but their shareholders would be rich, they would be rich, and their yearly returns would be much higher than what they are now. BTC avoids all this nonsense of a CEO and a 'board' making what they think is the 'best' decision.
Anyways this is a great question ✌️

Also someone who does not understand the limitations of BTC.
Institutions will only use BTC as a product to be sold and a source of income. And we know banks and investment funds are specially prepared to sell you the most smelly block of poo has being the next great thing.
It has significant limitations in terms of programmability, coordenation, energy and value distribution without any dump safe guards. Gate keepers are needed, its a question of safety, and BTC is the complete anarchy of responsibility. If it implodes there are no people you could sit at a tribunal.
I think there is a massive bunch of tech nerds that only understand ones and zeros on a screen but have no clue how politically complex the world is. Most of those guys can't see further than the next pump or can't grasp how monolithic the world would be without banks. Maxys don't understand that people will never be ready to fully compreende the impact of their financial decisions. Most people smoke and/or drink and/or take drugs and/or eat poorely and/or don't exercise and/or don't educate theirs kids well.... forget about finance maturity XD
Banks, as an institution, aren't the problem, the real problem is the corruption and misalignment with core ethical principals you find inside banks and the products/services they are allowed to sell and the financial/political movements they are allowed to take. I'm all for the banks, the problem is the greedy almost psychopathic people you find inside the banks administration.
Personal note: I have the luck of being educated by an excellent account manager, even when I got divorced of a 7 years marriage, the guy was truly a super professional and a great human. He did everything he could not only prevent further suffering but also to ensure we (me and my ex) did things the right way and fairly. He is still our (me and my ex) manager and from time to time he calls me just to ask if i'm happy with his service and if I need any assistance or have any questions. I have zero complaints, my bank has no monthly fees or transfer fees and has lots of services suitable for different costumer profiles.
That being said, I think DLT is a great tech that will improve every costumers day. It will challenge this industry to be more ethical and give the best value to costumers or else the account based system will become a wallet based system and we will go from a Bank to a Ledger, or a Trezor, or a lite Wallet, or a decentralized smart contract platform or even a centralized one that gives a better service.

I love BTC, but I think this idea would work if btc didn't take longer to send than an email.....

As other person said. Setting up strike for a small amount while you learn a bit more about BTC is a great way to start.
Hourly is total overkill imo. There's no need. Putting in cents a couple of dollars every hour isn't going to meaningfully catch any dips. Daily or even weekly or monthly makes it simpler to manage I think with no disadvantages.
The next six months might be a turbulent time for BTC it could drop a good amount. Don't be disheyif that happens. It is half expected and will pick up again so just keeping adding some every day.
If you get tax advantage with an ETF then do the same with that instead.

First: There is no difference in BTCs and BCH SoV property, which means once people use BCH as MoE they will just keep it, there is no need to trade back into BTC. At the moment BTC has the hype for the branding, which BCH lost, this is all there is to BTCs better "performance"
Second: Which markets are we talking about? The printed manipulated FIAT markets?
https://i.imgur.com/0ihqIEt.png
Who made the decision, are you 100% sure it was "the market"?

BTC might be worth 1 million in 10 years from now it all depends now on institutions and Wall Street. For BTC to hit 1 million per coin you’d need approximately 20 trillion USD going into BTC equivalent of the entire Gold market. For those expecting 10 million per coin 200 trillion USD is required.

sort of new to crypto, most exchanges have you do the ID verification right away, I did not notice, Gemini did not . just when I wanted to send my BTC to a hardware wallet. Their id verification keeps failing on the headshot side to side, keeping getting an error the app closed. so they sent me an email stating that all i need to do is upload front and back of my drivers license. I did that and when i click on submit, I get error 404 page cannot be found. Going to wait for BTC to go up then convert to USD and send it back to my bank.

One other thing that is nice with River is they pay interest in BTC on cash held in your account.
“Starting tomorrow, 9/18/2025, the Bitcoin Interest on Cash rate at River will be 3.75%. This rate change was prompted by the Federal Reserve reducing the federal funds interest rate.”