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Once again, you claimed a dip similar but not as steep to '21, which was 50% in '21. So you were expecting a 30-40% dip, which did not happen. My whole point was the ETF's are going to be buying up the dips to the point where we won't see another huge dip like we have in the past. These 5-10% price changes are not the dips you claimed would happen. That is just action from profit taking at all time highs and price discovery.
You are only 12 weeks into your 28 week plan. Let's see how it plays out over the next 16 weeks. I'm sure you're just timing the bottom of these mini dips on all your purchases perfectly, but that is a game I'd prefer not to play. I would of bought the 2 BTC just to be done with it on March 7th, and then DCA extra money after that. Talk to you in a few months. | r/bitcoin | Once again, you claimed a dip similar but not as steep to '21, which was 50% in '21. So you were expecting a 30-40% dip, which did not happen. My whole point was the ETF's are going to be buying up the dips to the point where we won't see another huge dip like we have in the past. These 5-10% price changes are not the dips you claimed would happen. That is just action from profit taking at all time highs and price discovery.
You are only 12 weeks into your 28 week plan. Let's see how it plays out over the next 16 weeks. I'm sure you're just timing the bottom of these mini dips on all your purchases perfectly, but that is a game I'd prefer not to play. I would of bought the 2 BTC just to be done with it on March 7th, and then DCA extra money after that. Talk to you in a few months. | r/Bitcoin | 2024-12-06 |
We are being used. Michael Saylor is a no good piece of shit who won't tell us what's really going on. | r/bitcoin | We are being used. Michael Saylor is a no good piece of shit who won't tell us what's really going on. | r/Bitcoin | 2024-11-06 |
We are being used and you are too stupid to see it. | r/bitcoin | We are being used and you are too stupid to see it. | r/Bitcoin | 2024-11-06 |
We are far too stupid to be allowed to make money. That's why they did this to gold and silver.
Now it's happening to btc.
Same old shit. Different bucket and Michael Saylor knows this... and this is why I say that he's a piece of shit.
He's making money.
We're not. | r/bitcoin | We are far too stupid to be allowed to make money. That's why they did this to gold and silver.
Now it's happening to btc.
Same old shit. Different bucket and Michael Saylor knows this... and this is why I say that he's a piece of shit.
He's making money.
We're not. | r/Bitcoin | 2024-11-06 |
Hold while the whales take profit. F'n morons. | r/bitcoin | Hold while the whales take profit. F'n morons. | r/Bitcoin | 2024-11-06 |
Thanks for the learning material man! I really appreciate new knowledge 😌 | r/bitcoin | Thanks for the learning material man! I really appreciate new knowledge 😌 | r/Bitcoin | 2024-29-05 |
I don't think he's confusing anything, I think he's just flat out lying. | r/bitcoin | I don't think he's confusing anything, I think he's just flat out lying. | r/Bitcoin | 2024-23-05 |
If you doubled the sats you send every day, you'd run out of BTC just after one month. | r/bitcoin | If you doubled the sats you send every day, you'd run out of BTC just after one month. | r/Bitcoin | 2024-29-06 |
[https://www.blockchain.com/explorer/addresses/btc/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa](https://www.blockchain.com/explorer/addresses/btc/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa) | r/bitcoin | [https://www.blockchain.com/explorer/addresses/btc/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa](https://www.blockchain.com/explorer/addresses/btc/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa) | r/Bitcoin | 2024-29-06 |
I’m a noob. wtf is fiat? | r/bitcoin | I’m a noob. wtf is fiat? | r/Bitcoin | 2024-02-06 |
Apart from Binance and Kraken fees, are there any other fees incurred in transferring Bitcoin from one exchange to another?
Kraken doesn't charge to deposit Bitcoin on their exchange but I'm not sure yet about Binance.
However, I stumbled upon a comment about network gas fees or so.
I need to move Bitcoin from Binance to Kraken and need a cost effective way to do it please. | r/bitcoin | Apart from Binance and Kraken fees, are there any other fees incurred in transferring Bitcoin from one exchange to another?
Kraken doesn't charge to deposit Bitcoin on their exchange but I'm not sure yet about Binance.
However, I stumbled upon a comment about network gas fees or so.
I need to move Bitcoin from Binance to Kraken and need a cost effective way to do it please. | r/Bitcoin | 2024-28-05 |
Nope | r/bitcoin | Nope | r/Bitcoin | 2024-21-05 |
Ok I’ll check back at 100k 🫡 | r/bitcoin | Ok I’ll check back at 100k 🫡 | r/Bitcoin | 2024-23-05 |
Prepaid2coin.com is the only US based provider that will directly exchange your gift card for bitcoin. Very secure and safe. | r/bitcoin | Prepaid2coin.com is the only US based provider that will directly exchange your gift card for bitcoin. Very secure and safe. | r/Bitcoin | 2024-27-06 |
Seems shady | r/bitcoin | Seems shady | r/Bitcoin | 2024-27-06 |
No. Not at all. Their new website will be up this week or next. They only deal with American banks and payment processors. They have comprehensive KYC to protect against fraud and scams. They started small but are growing and the new website should be up by end of next week. | r/bitcoin | No. Not at all. Their new website will be up this week or next. They only deal with American banks and payment processors. They have comprehensive KYC to protect against fraud and scams. They started small but are growing and the new website should be up by end of next week. | r/Bitcoin | 2024-27-06 |
Says the guy who only posts about websites. Get the fuck outta here you shill | r/bitcoin | Says the guy who only posts about websites. Get the fuck outta here you shill | r/Bitcoin | 2024-27-06 |
Calm down. You’re getting steamed under the collar over a few sentences on a random subreddit that no one’s sees except the 3 of us. 😂 | r/bitcoin | Calm down. You’re getting steamed under the collar over a few sentences on a random subreddit that no one’s sees except the 3 of us. 😂 | r/Bitcoin | 2024-28-06 |
Hackforums was the greatest site on the internet 2012-2015 | r/bitcoin | Hackforums was the greatest site on the internet 2012-2015 | r/Bitcoin | 2024-31-05 |
Bitcoin 2 x altcoins 5x 10x to 100x. | r/bitcoin | Bitcoin 2 x altcoins 5x 10x to 100x. | r/Bitcoin | 2024-30-06 |
give me,i can help you | r/bitcoin | give me,i can help you | r/Bitcoin | 2024-24-05 |
? | r/bitcoin | ? | r/Bitcoin | 2024-01-07 |
Cash out 35% based off what amount? And I'm assuming you're selling 35% based on the lowest price of the year and selling the 35% at the highest price of the year? Which you'd have to time it exactly...I can't seem to wrap my head around the logic here. | r/bitcoin | Cash out 35% based off what amount? And I'm assuming you're selling 35% based on the lowest price of the year and selling the 35% at the highest price of the year? Which you'd have to time it exactly...I can't seem to wrap my head around the logic here. | r/Bitcoin | 2024-21-05 |
Does this still work? When I click the link nothing happens | r/bitcoin | Does this still work? When I click the link nothing happens | r/Bitcoin | 2024-02-06 |
they don't have the right to your premarital asset gains if was solely market forces made the asset increase like stocks (unless potentially was managed portfolio). Realty would be considered they both increased the value of the home together (via the support of the one spouse it allowed other spouse to pay off that mortgage) | r/bitcoin | they don't have the right to your premarital asset gains if was solely market forces made the asset increase like stocks (unless potentially was managed portfolio). Realty would be considered they both increased the value of the home together (via the support of the one spouse it allowed other spouse to pay off that mortgage) | r/Bitcoin | 2024-11-06 |
For me, the best app is Klever Wallet. I can do everything I need with security and low fees. If you want to buy or sell, send or receive, or do more than I mentioned, you should try the Klever Wallet App. | r/bitcoin | For me, the best app is Klever Wallet. I can do everything I need with security and low fees. If you want to buy or sell, send or receive, or do more than I mentioned, you should try the Klever Wallet App. | r/Bitcoin | 2024-11-06 |
Apparently, the video got deleted on YouTube. I've seen this a few times; it is so informative. | r/bitcoin | Apparently, the video got deleted on YouTube. I've seen this a few times; it is so informative. | r/Bitcoin | 2024-07-06 |
I would also love to hear some answers to your questions. Try to push your post :-) | r/bitcoin | I would also love to hear some answers to your questions. Try to push your post :-) | r/Bitcoin | 2024-14-06 |
Probably the right move | r/bitcoin | Probably the right move | r/Bitcoin | 2024-21-05 |
Apart from Binance and Kraken (exchange fees) fees, are there any other fees incurred in transferring Bitcoin from one exchange to another? Network fees?
Kraken doesn't charge to deposit Bitcoin on their exchange but I'm not sure yet about Binance.
However, I stumbled upon a comment about network gas fees or so.
I need to move Bitcoin from Binance to Kraken and need a cost effective way to do it please. | r/bitcoin | Apart from Binance and Kraken (exchange fees) fees, are there any other fees incurred in transferring Bitcoin from one exchange to another? Network fees?
Kraken doesn't charge to deposit Bitcoin on their exchange but I'm not sure yet about Binance.
However, I stumbled upon a comment about network gas fees or so.
I need to move Bitcoin from Binance to Kraken and need a cost effective way to do it please. | r/Bitcoin | 2024-28-05 |
It's ok to transfer from Binance to Kraken? | r/bitcoin | It's ok to transfer from Binance to Kraken? | r/Bitcoin | 2024-28-05 |
Yes as far as I'm aware theres no problems there! | r/bitcoin | Yes as far as I'm aware theres no problems there! | r/Bitcoin | 2024-29-05 |
Did you find a solution? | r/bitcoin | Did you find a solution? | r/Bitcoin | 2024-04-06 |
What’s the ticker for that ETF? | r/bitcoin | What’s the ticker for that ETF? | r/Bitcoin | 2024-01-07 |
Your submission has been flagged for removal because it pertains primarily to altcoin discussion and/or promotion. Altcoins are off topic for the Bitcoin subreddit. Please post in the subreddit appropriate to that altcoin instead. Thank you.
^^I ^^am ^^a ^^bot ^^and ^^cannot ^^respond. ^^Please ^^contact ^^r/Bitcoin ^^moderators [^^directly ^^via ^^mod ^^mail](https://www.reddit.com/message/compose?to=%2Fr%2FBitcoin) ^^if ^^you ^^have ^^questions. | r/bitcoin | Your submission has been flagged for removal because it pertains primarily to altcoin discussion and/or promotion. Altcoins are off topic for the Bitcoin subreddit. Please post in the subreddit appropriate to that altcoin instead. Thank you.
^^I ^^am ^^a ^^bot ^^and ^^cannot ^^respond. ^^Please ^^contact ^^r/Bitcoin ^^moderators [^^directly ^^via ^^mod ^^mail](https://www.reddit.com/message/compose?to=%2Fr%2FBitcoin) ^^if ^^you ^^have ^^questions. | r/Bitcoin | 2024-01-06 |
# Welcome to the /r/Bitcoin Newcomers FAQ
You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
It all started with the release of **[Satoshi Nakamoto's whitepaper](https://bitcoin.org/bitcoin.pdf)** however that will probably go over the head of most readers so we recommend the following articles/books/videos as a good starting point for understanding how Bitcoin works and a little about its long term potential:
* [Article: The Bullish Case for Bitcoin](https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1)
* [Book: The Bitcoin Standard](https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861) - or [download a free copy here](https://z-epub.com/book/the-bitcoin-standard-epub-download)
* [Video 1: An introduction to Bitcoin - Wences Casares](https://www.youtube.com/watch?v=IAFKJVLNVQA)
* [Video 2: The Stories We Tell About Money - Andreas Antonopoulos](https://www.youtube.com/watch?v=ONvg9SbauMg)
* [Video 3: The Bitcoin Standard - Saifdean Ammous](https://www.youtube.com/watch?v=Zbm772vF-5M&t=286s)
* [Video 4: Bitcoin 101 - Balaji Srinivasan](https://www.youtube.com/watch?v=JIxwTx7o_B4)
Some other great educational resources include;
* The [Satoshi Nakamoto Institute](http://nakamotoinstitute.org/mempool/) (check them out!)
* Swan [Bitcoin Canon](https://www.swanbitcoin.com/canon/)
* Michael Saylor's [Hope.com](https://hope.com/) and ["Bitcoin for Everybody"'](https://learn.saylor.org/course/view.php?id=468) course
* Jameson Lopp's [resource page](http://lopp.net/bitcoin.html)
* Gigi's [resource page](https://bitcoin-resources.com/#bitcoin-non-technical)
* James D'Angelo's [Bitcoin 101 Blackboard series](https://www.youtube.com/watch?v=Bhe61JaNFLU&list=PLzctEq7iZD-7-DgJM604zsndMapn9ff6q&index=7&t=0s)
* Parker Lewis's [Gradually Then Suddenly series](https://unchained.com/blog/category/gradually-then-suddenly/)
* Some Bitcoin statistics can be found here ([1](https://www.lookintobitcoin.com/), [2](https://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&r=week&t=a), [3](https://bitcoinvisuals.com/), [4](https://bitcoin.clarkmoody.com/dashboard/), [5](https://studio.glassnode.com/workbench/btc-price-performance-since-halving), [6](https://augmentedcoin.io/btc), [7](https://nakamotoportfolio.com/nakamoto/start)).
If you are technically or academically inclined check out;
* Developer resources ([1](https://developer.bitcoin.org/), [2](https://spiral.xyz/#projects))
* [Peer-reviewed research papers](https://docs.google.com/spreadsheets/d/1VaWhbAj7hWNdiE73P-W-wrl5a0WNgzjofmZXe0Rh5sg)
* Course lectures from both [MIT](https://ocw.mit.edu/courses/15-s12-blockchain-and-money-fall-2018/) and [Princeton](https://www.reddit.com/r/Bitcoin/comments/7qynvj/dont_panic_just_learn_sixty_free_lectures_from/)
* Future [protocol improvements](http://diyhpl.us/wiki/transcripts/2018-01-24-rusty-russell-future-bitcoin-tech-directions/) and [scaling resources](https://www.reddit.com/r/Bitcoin/comments/56nnd8/the_scaling_bitcoin_website_is_awesome_videos/).
MicroStrategy's [Bitcoin for Corporations](https://www.microstrategy.com/en/resources/events/world-2021/bitcoin-summit?CID=7014W0000014yhJQAQ) is an excellent open source series on corporate legal and financial Bitcoin integration.
You can also see the number of times Bitcoin was [declared dead by the media](https://99bitcoins.com/obituary-stats) (LOL!)
## Key properties of Bitcoin
* **Limited Supply** - There will only ever be a [maximum of 21,000,000 bitcoins created](https://www.reddit.com/r/Bitcoin/comments/10h04a6/this_is_how_we_know_theres_only_21_million_bitcoin/) and they are issued in a predictable fashion per the [inflation schedule](https://bashco.github.io/Bitcoin_Monetary_Inflation/). Once they are all issued Bitcoin will be truly deflationary. The [halving countdown](http://bitcoinblockhalf.com/) tells you approximately how much time until the next block reward halving.
* **Open source** - Bitcoin code is fully auditable. You can read and contribute to the [source code](https://github.com/bitcoin/bitcoin) yourself.
* **Accountable** - The public ledger is transparent, all transactions are [seen by everyone](https://blockstream.info/).
* **Decentralized** - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how [Bittorrent](https://en.wikipedia.org/wiki/BitTorrent) works. You can even [run a node on a Raspberry Pi](https://getumbrel.com/).
* **Censorship resistant** - No one can prevent you from interacting with the Bitcoin network and no one can censor, alter or block transactions that they disagree with, see [Operation Chokepoint](https://en.wikipedia.org/wiki/Operation_Choke_Point).
* **Push system** - There are [no chargebacks](https://gendal.me/2013/10/21/lessons-from-bitcoin-push-versus-pull/) in Bitcoin because only the person who owns the address where the bitcoin resides has the authority to move them.
* **Borderless** - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is [globally distributed](https://bitnodes.earn.com/).
* **Trustless** - Bitcoin solved the [Byzantine's Generals Problem](https://en.wikipedia.org/wiki/Byzantine_fault_tolerance) which means nobody needs to trust anybody for it to work.
* **Pseudonymous** - No need to [expose personal information](https://buybitcoinworldwide.com/anonymity/) when purchasing with cash or transacting.
* **Secure** - Blocks and transactions are cryptographically secured (using hashes and signatures) and can’t be [brute forced](http://i.imgur.com/fYFBsqp.jpg) or confiscated with proper key management such as hardware wallets.
* **Programmable** - Individual units of bitcoin can be [programmed to transfer](https://en.bitcoin.it/wiki/Script) based on certain criteria being met
* **Divisible** - Each bitcoin can be [divided down to 8 decimals](https://en.bitcoin.it/wiki/Satoshi_(unit\)), which means you don't have to worry about buying an entire bitcoin.
* **Nearly instant** - From a few seconds on the Lightning Network to a [few minutes](https://www.blockchain.com/charts/median-confirmation-time) on-chain depending on need for confirmations. Transactions are irreversible by normal users after one confirmation and irreversible by anyone (including miners) after 6 confirmations.
* **Peer-to-peer** - No intermediaries taking a cut, no need for [trusted third parties](https://nakamotoinstitute.org/trusted-third-parties/).
* **Designed Money** - Bitcoin was created to fit all the [fundamental properties of money](http://i.imgur.com/wkTyyaV.png) better than gold or fiat.
* **Portable** - Bitcoin are digital so they are easier to move than cash or gold. They can be transported by simply carrying a seed (a string of 12 to 24 words) on a device or by [memorizing it for wallet recovery](https://en.bitcoin.it/wiki/Brainwallet) (while cool, memorizing is generally not recommended due to potential for forgetting the seed and the potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for most users for their ease of use and additional security).
* **Low fee scaling** - Most wallets calculate on chain fees automatically but you can view [fee estimates](https://bitcoinfees.earn.com/) and [mempool activity](https://jochen-hoenicke.de/queue/#0,2w) if you want to set your fee manually. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the [Lightning Network](https://lightning.network/), an open source second layer payment protocol built on top of the Bitcoin blockchain. The Lightning Network enables Bitcoin users to instantly send and receive bitcoin with fees so low that they are negligible.
* **Scalable** - While the protocol is still being optimized for [increased transaction capacity](https://en.bitcoin.it/wiki/Scalability), blockchains do not scale very well, so most transaction volume is expected to occur on Layer 2 networks built on top of Bitcoin.
## Where can I buy bitcoin?
[Bitcoin.org](https://bitcoin.org/en/buy) and [BuyBitcoinWorldwide.com](https://www.buybitcoinworldwide.com/) are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular places to buy bitcoin are listed below.
* [Strike](https://strike.me/)
* [Cash App](https://cash.app/)
* [Swan](https://www.swanbitcoin.com/)
* [River Financial](https://river.com/)
* [Bull Bitcoin](https://www.bullbitcoin.com/)
* [Bitcoin Well](https://bitcoinwell.com/)
* [Relai](https://relai.app/)
* [LibertyX](https://libertyx.com/)
* [CoinCorner](https://www.coincorner.com/)
* [RoboSats](https://learn.robosats.com/) (P2P)
* [Bisq](https://bisq.network/) (decentralized & P2P)
* [HodlHodl](https://hodlhodl.com/?filters%5Bcurrency_code%5D=USD) (P2P)
* [List of peer-to-peer exchanges](https://github.com/cointastical/P2P-Trading-Exchanges/)
* [Debifi](https://debifi.com/) (non-custodial lending)
You can also purchase in cash with [local ATMs](http://coinatmradar.com/). Services such as [CardCoins](https://www.cardcoins.co/) let you purchase bitcoin with prepaid gift cards. If you would like your paycheck automatically converted to bitcoin use [Bitwage](https://www.bitwage.com/).
**Note:** Bitcoin are valued at whatever [market price](https://cryptowat.ch/bitstamp/btcusd) people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year.
## Securing your bitcoin
With Bitcoin you can **"Be your own bank"** and personally secure your bitcoin **OR** you can use third party companies aka **"Bitcoin banks"** which will hold your bitcoin for you.
* If you prefer to **"Be your own bank"** and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn best computer security practices, then a hardware wallet such as a [BitBox02](https://bitbox.swiss/bitbox02/), [Trezor](https://www.trezor.io/), [ColdCard](https://coldcardwallet.com/), or [Blockstream Jade](https://blockstream.com/jade/) is recommended. You can even build your own open source hardware wallet called a [SeedSigner](https://seedsigner.com/).
* If you cannot afford a hardware wallet there are many [software wallet](https://bitcoin.org/en/choose-your-wallet) options to choose from depending on your use case. Mobile wallets like [BlueWallet](https://bluewallet.io/) are generally more secure than desktop wallets. Beware of fake mobile wallets and check reviews from reputable Bitcoin websites. Avoid paper wallets or brain wallets.
* If you prefer to work with third party **"Bitcoin banks"** to set up a collaborative custody arrangement, try [Unchained Capital](https://unchained-capital.com/) but be aware that any third party you use exposes you to third party risk. There is a saying in the community, **"Not your keys, not your coins"**.
**Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!**
2FA requires a second confirmation code or a physical security key to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
**Avoid using your cell number for 2FA.** Hackers have been using a technique called "SIM swapping" to impersonate users and steal bitcoin off exchanges.
Google Auth | Authy | OTP Auth | andOTP
--------------|--------|------------|--------
[Android](https://play.google.com/store/apps/details?id=com.google.android.apps.authenticator2) | [Android](https://play.google.com/store/apps/details?id=com.authy.authy&hl=en) | N/A | [Android](https://play.google.com/store/apps/details?id=org.shadowice.flocke.andotp)
[iOS](https://itunes.apple.com/us/app/google-authenticator/id388497605?mt=8) | [iOS](https://itunes.apple.com/us/app/authy/id494168017) | [iOS](https://apps.apple.com/us/app/otp-auth/id659877384) | N/A
Physical security keys (FIDO U2F) offer stronger security than Google Auth / Authy and other TOTP-based apps, because the secret code never leaves the device and it uses bi-directional authentication so it prevents phishing. If you lose the device though, you could lose access to your account, so always use 2 or more security keys with a given account so you have backups. See [Yubikey](https://yubikey.com/) or [Titan](https://cloud.google.com/titan-security-key) to purchase security keys.
Both Coinbase and Gemini support physical security keys.
## Watch out for scams
As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the r / btc subreddit are active scams. Almost all altcoins are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. As they say in our community, **"Don't trust, verify"**.
* Avoid using ad-based search engines like Google or Yahoo: ads are shown based on how much the advertiser bids, and scammers can easily outbid legitimate providers for ad space, since immoral ways of earning money are far more lucrative than moral ways. Use [DuckDuckGo](https://duckduckgo.com/) instead, which has no ads, and never tracks you as well.
* Ignore private messages offering services.
* **Never enter your seed words in a website of any kind.** Hardware wallets will recover by displaying possible seed words on their own interface, never on a website.
* **Always check addresses on your hardware wallet before sending or receiving.** Some malware has been known to replace addresses in your web browser or that you copy-and-paste.
* Avoid clicking on links like that look like links, such as [https://www.google.com/](https://www.youtube.com/watch?v=8ybW48rKBME), without first hovering over it and actually checking where they go to. Just because a link is labelled with an HTTPS address does not mean it actually sends you to that address. It is trivial for someone to comment a link on Reddit that looks like it will send you to one website when it actually sends you to another, and you might not notice the difference until a scammer has gotten all your money, or you have downloaded and installed software that steals your money.
## Common Bitcoin Myths
Often the same concerns arise about Bitcoin from newcomers. Questions such as:
* Will quantum computers break Bitcoin?
* Will governments ban Bitcoin?
* Is Bitcoin a Ponzi scheme?
All of these questions have been answered many times by a variety of people. Here are some resources where you can see if your concern has been answered:
* [Common Bitcoin Myths](https://en.bitcoin.it/wiki/Myths)
* [Gradually, Then Suddenly](https://nakamotoinstitute.org/mempool/series/gradually-then-suddenly/)
* [Every Reason Bitcoin Will Not Fail](https://safehodl.github.io/failure/)
* [The Best Articles Debunking Bitcoin FUD](https://endthefud.org/)
* [Why Bitcoin is Not a Ponzi Scheme: Point by Point](https://www.swanbitcoin.com/why-bitcoin-is-not-a-ponzi-scheme-point-by-point/)
## Where can I spend bitcoin?
Check out [Spendabit](https://spendabit.co/), [Bitcoin Directory](http://bitcoin.directory/shop), or [Coinmap](http://coinmap.org/) for a plethora of merchant options. You can also spend bitcoin anywhere Visa is accepted with bitcoin debit cards such as the [CashApp card](https://cash.app/help/us/en-us/3080-cash-card-get-started), [Fold card](https://foldapp.com/) or other bitcoin debit cards. Some other useful site are listed below.
Store | Product
---|---
[Bitrefill](https://bitrefill.com), [Gyft](http://www.gyft.com/), and [Fold App](https://foldapp.com/) | Gift cards for thousands of retailers worldwide including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
[Spendabit](https://spendabit.co/), [Overstock](http://www.overstock.com/), and [The Bitcoin Directory](http://bitcoin.directory/) | Retail shopping with millions of results
[NewEgg](http://www.newegg.com/) and [Dell](http://www.dell.com/) | For all your electronics needs
[Bitrefill](https://www.bitrefill.com/buy/worldwide/bill/), [Bylls](https://bylls.com), [LivingRoomofSatoshi](https://www.livingroomofsatoshi.com), [Swapin](https://www.swapin.com/), [Coins.ph](https://coins.ph), and [more](https://plusbitcoin.net/bitcoin-debit-card/) | Bill payment
[Menufy](https://www.menufy.com/) and [Takeaway](http://corporate.takeaway.com/) | Takeout delivered to your door
[Expedia](http://www.expedia.com/), [Cheapair](http://www.cheapair.com/), [Destinia](http://destinia.us/), [SkyTours](http://www.sky-tours.com/), the [Travel](https://www.gyft.com/buy-gift-cards/category/travel/) category on Gyft and [9flats](http://www.9flats.com/) | For when you need to get away
[Cryptostorm](https://cryptostorm.is), [Mullvad](https://mullvad.net), and [PIA](https://www.privateinternetaccess.com/) | VPN services
[Namecheap](https://www.namecheap.com/), [Porkbun](https://porkbun.com/) | Domain name registration
[Stampnik](https://stampnik.com) | Discounted USPS Priority, Express, First-Class mail postage
There are also [lots of charities](https://www.reddit.com/r/changetip/wiki/suggestions) which accept bitcoin donations.
## Merchant Resources
There are several benefits to accepting bitcoin as a payment option if you are a merchant;
* 1-3% savings over credit cards or PayPal.
* No chargebacks (final settlement in 10 minutes as opposed to 3+ months).
* Accept business from a global customer base.
* Convert 100% of the sale to the currency of your choice for deposit to your account, or choose to keep a percentage of the sale in bitcoin if you wish to begin accumulating it.
If you are interested in accepting bitcoin as a payment method, there are several options available;
* [BTCPay Server](https://btcpayserver.org/)
* [Zaprite](https://zaprite.com/product)
* [Square cash](https://cash.me/)
* [Stripe](https://stripe.com/bitcoin)
* [Wyre](https://www.sendwyre.com/business/)
* [Blockonomics](https://www.blockonomics.co/merchants#) (direct to your wallet)
* [CoinCorner Checkout](https://www.coincorner.com/checkout)
## Can I mine bitcoin?
Mining bitcoin can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to [folding at home](https://foldingathome.org/?lng=en). If you want to learn more about mining you can read the [mining FAQ](https://en.bitcoin.it/wiki/Faq#Mining). Still have mining questions? The crew at /r/BitcoinMining would be happy to help you out.
If you want to contribute to the Bitcoin network by hosting the blockchain and propagating transactions there are many [great resources](https://raspibolt.org/) you can use to [run a full node](https://river.com/learn/how-to-run-a-bitcoin-node/). You can view the global distribution of reachable Bitcoin nodes on [this webpage.](https://bitnodes.io/nodes/all/#global-bitcoin-nodes)
## Earning bitcoin
Just like any other form of money, you can also earn bitcoin by being paid to do a job.
Site | Description
---|---
[WorkingForBitcoins](https://workingforbitcoins.com), [Bitwage](https://www.bitwage.com/for-individuals/), [Coinality](https://coinality.com/), [Bitgigs](http://bitgigs.com/), [/r/Jobs4Bitcoins](http://www.reddit.com/r/Jobs4Bitcoins), [BitforTip](http://www.bitfortip.com/), and [Rein Project](http://reinproject.org/) | Freelancing
[Lolli](https://www.lolli.com/) | Earn bitcoin when you shop online!
[Purse.io](https://purse.io/shop), [Bitify](https://bitify.com/), and [/r/Bitmarket](http://www.reddit.com/r/BitMarket) | Marketplaces
[A-ads](https://a-ads.com), [Coinzilla.io](https://coinzilla.io/) | Advertising
You can also earn bitcoin by participating as a market maker on [JoinMarket](https://github.com/chris-belcher/joinmarket) by allowing users to perform CoinJoin transactions with your bitcoin for a small fee (requires you to already have some bitcoin).
## Bitcoin-Related Projects
The following is a **short** list of ongoing projects that might be worth taking a look at if you are interested in current development in the Bitcoin space.
Project | Description
---|---
[Lightning Network](https://lightning.engineering/index.html)| Second layer scaling
[Liquid](https://blockstream.com/liquid/) and [Rootstock](https://www.rsk.co/) | Sidechains
[Hivemind](http://bitcoinhivemind.com) | Prediction markets
[Tierion](https://tierion.com) and [Factom](http://factom.org/) | Records & Titles on the blockchain
[BitMarkets](https://voluntary.net/bitmarkets/), and [DropZone](https://github.com/17Q4MX2hmktmpuUKHFuoRmS5MfB5XPbhod/dropzone) and [Beaver](https://eprint.iacr.org/2016/464.pdf) | Decentralized markets
[JoinMarket](https://github.com/chris-belcher/joinmarket), [Samourai Whirlpool](https://samouraiwallet.com/whirlpool), and [Wasabi](https://docs.wasabiwallet.io/using-wasabi/CoinJoin.html) | CoinJoin implementation
[Peer-to-Peer Exchanges](https://github.com/cointastical/P2P-Trading-Exchanges/) | Peer-to-peer exchanges
[Keybase](https://keybase.io/) | Identity & Reputation management
[Abra](https://www.goabra.com/) | Global P2P money transmitter network
[Bitcore](http://bitcore.io/) | Open source Bitcoin javascript library
## Bitcoin Units
One bitcoin is worth quite a lot (thousands of £/$/€), so people often deal in smaller units. The most common subunits are listed below:
Unit | Symbol | Value | Info
---|:---:|---|---
bitcoin | BTC | 1 bitcoin | one bitcoin is equal to 100 million satoshis
millibitcoin | mBTC | 1,000 per bitcoin | used as default unit in Electrum wallet
bit | μBTC | 1,000,000 per bitcoin | colloquial "slang" term for microbitcoin
satoshi | sat | 100,000,000 per bitcoin | smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10,000 for one bitcoin, a $10 meal would equal:
* 0.001 BTC
* 1 mBTC
* 1,000 bits
* 100,000 sats
For more information check out the [bitcoin units wiki](https://www.reddit.com/r/BitcoinWiki/wiki/bitcoin_units).
---
**Still have questions?** Feel free to ask in the comments below or stick around for our weekly [Mentor Monday](https://www.reddit.com/r/Bitcoin/search/?q=title%3A%22mentor+monday%22&sort=new&restrict_sr=on&t=all) thread. If you decide to post a question in /r/Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community, so please do not message them unless you notice problems with the functionality of the subreddit.
**Note:** This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification, you can [edit it here](https://www.reddit.com/r/BitcoinWiki/wiki/rbitcoin_sticky) and it will be included in the next revision pending approval.
**Welcome to the Bitcoin community and the new decentralized economy!**
Please note that this thread will be moderated and non-constructive comments will be removed. | r/bitcoin | # Welcome to the /r/Bitcoin Newcomers FAQ
You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
It all started with the release of **[Satoshi Nakamoto's whitepaper](https://bitcoin.org/bitcoin.pdf)** however that will probably go over the head of most readers so we recommend the following articles/books/videos as a good starting point for understanding how Bitcoin works and a little about its long term potential:
* [Article: The Bullish Case for Bitcoin](https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1)
* [Book: The Bitcoin Standard](https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861) - or [download a free copy here](https://z-epub.com/book/the-bitcoin-standard-epub-download)
* [Video 1: An introduction to Bitcoin - Wences Casares](https://www.youtube.com/watch?v=IAFKJVLNVQA)
* [Video 2: The Stories We Tell About Money - Andreas Antonopoulos](https://www.youtube.com/watch?v=ONvg9SbauMg)
* [Video 3: The Bitcoin Standard - Saifdean Ammous](https://www.youtube.com/watch?v=Zbm772vF-5M&t=286s)
* [Video 4: Bitcoin 101 - Balaji Srinivasan](https://www.youtube.com/watch?v=JIxwTx7o_B4)
Some other great educational resources include;
* The [Satoshi Nakamoto Institute](http://nakamotoinstitute.org/mempool/) (check them out!)
* Swan [Bitcoin Canon](https://www.swanbitcoin.com/canon/)
* Michael Saylor's [Hope.com](https://hope.com/) and ["Bitcoin for Everybody"'](https://learn.saylor.org/course/view.php?id=468) course
* Jameson Lopp's [resource page](http://lopp.net/bitcoin.html)
* Gigi's [resource page](https://bitcoin-resources.com/#bitcoin-non-technical)
* James D'Angelo's [Bitcoin 101 Blackboard series](https://www.youtube.com/watch?v=Bhe61JaNFLU&list=PLzctEq7iZD-7-DgJM604zsndMapn9ff6q&index=7&t=0s)
* Parker Lewis's [Gradually Then Suddenly series](https://unchained.com/blog/category/gradually-then-suddenly/)
* Some Bitcoin statistics can be found here ([1](https://www.lookintobitcoin.com/), [2](https://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&r=week&t=a), [3](https://bitcoinvisuals.com/), [4](https://bitcoin.clarkmoody.com/dashboard/), [5](https://studio.glassnode.com/workbench/btc-price-performance-since-halving), [6](https://augmentedcoin.io/btc), [7](https://nakamotoportfolio.com/nakamoto/start)).
If you are technically or academically inclined check out;
* Developer resources ([1](https://developer.bitcoin.org/), [2](https://spiral.xyz/#projects))
* [Peer-reviewed research papers](https://docs.google.com/spreadsheets/d/1VaWhbAj7hWNdiE73P-W-wrl5a0WNgzjofmZXe0Rh5sg)
* Course lectures from both [MIT](https://ocw.mit.edu/courses/15-s12-blockchain-and-money-fall-2018/) and [Princeton](https://www.reddit.com/r/Bitcoin/comments/7qynvj/dont_panic_just_learn_sixty_free_lectures_from/)
* Future [protocol improvements](http://diyhpl.us/wiki/transcripts/2018-01-24-rusty-russell-future-bitcoin-tech-directions/) and [scaling resources](https://www.reddit.com/r/Bitcoin/comments/56nnd8/the_scaling_bitcoin_website_is_awesome_videos/).
MicroStrategy's [Bitcoin for Corporations](https://www.microstrategy.com/en/resources/events/world-2021/bitcoin-summit?CID=7014W0000014yhJQAQ) is an excellent open source series on corporate legal and financial Bitcoin integration.
You can also see the number of times Bitcoin was [declared dead by the media](https://99bitcoins.com/obituary-stats) (LOL!)
## Key properties of Bitcoin
* **Limited Supply** - There will only ever be a [maximum of 21,000,000 bitcoins created](https://www.reddit.com/r/Bitcoin/comments/10h04a6/this_is_how_we_know_theres_only_21_million_bitcoin/) and they are issued in a predictable fashion per the [inflation schedule](https://bashco.github.io/Bitcoin_Monetary_Inflation/). Once they are all issued Bitcoin will be truly deflationary. The [halving countdown](http://bitcoinblockhalf.com/) tells you approximately how much time until the next block reward halving.
* **Open source** - Bitcoin code is fully auditable. You can read and contribute to the [source code](https://github.com/bitcoin/bitcoin) yourself.
* **Accountable** - The public ledger is transparent, all transactions are [seen by everyone](https://blockstream.info/).
* **Decentralized** - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how [Bittorrent](https://en.wikipedia.org/wiki/BitTorrent) works. You can even [run a node on a Raspberry Pi](https://getumbrel.com/).
* **Censorship resistant** - No one can prevent you from interacting with the Bitcoin network and no one can censor, alter or block transactions that they disagree with, see [Operation Chokepoint](https://en.wikipedia.org/wiki/Operation_Choke_Point).
* **Push system** - There are [no chargebacks](https://gendal.me/2013/10/21/lessons-from-bitcoin-push-versus-pull/) in Bitcoin because only the person who owns the address where the bitcoin resides has the authority to move them.
* **Borderless** - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is [globally distributed](https://bitnodes.earn.com/).
* **Trustless** - Bitcoin solved the [Byzantine's Generals Problem](https://en.wikipedia.org/wiki/Byzantine_fault_tolerance) which means nobody needs to trust anybody for it to work.
* **Pseudonymous** - No need to [expose personal information](https://buybitcoinworldwide.com/anonymity/) when purchasing with cash or transacting.
* **Secure** - Blocks and transactions are cryptographically secured (using hashes and signatures) and can’t be [brute forced](http://i.imgur.com/fYFBsqp.jpg) or confiscated with proper key management such as hardware wallets.
* **Programmable** - Individual units of bitcoin can be [programmed to transfer](https://en.bitcoin.it/wiki/Script) based on certain criteria being met
* **Divisible** - Each bitcoin can be [divided down to 8 decimals](https://en.bitcoin.it/wiki/Satoshi_(unit\)), which means you don't have to worry about buying an entire bitcoin.
* **Nearly instant** - From a few seconds on the Lightning Network to a [few minutes](https://www.blockchain.com/charts/median-confirmation-time) on-chain depending on need for confirmations. Transactions are irreversible by normal users after one confirmation and irreversible by anyone (including miners) after 6 confirmations.
* **Peer-to-peer** - No intermediaries taking a cut, no need for [trusted third parties](https://nakamotoinstitute.org/trusted-third-parties/).
* **Designed Money** - Bitcoin was created to fit all the [fundamental properties of money](http://i.imgur.com/wkTyyaV.png) better than gold or fiat.
* **Portable** - Bitcoin are digital so they are easier to move than cash or gold. They can be transported by simply carrying a seed (a string of 12 to 24 words) on a device or by [memorizing it for wallet recovery](https://en.bitcoin.it/wiki/Brainwallet) (while cool, memorizing is generally not recommended due to potential for forgetting the seed and the potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for most users for their ease of use and additional security).
* **Low fee scaling** - Most wallets calculate on chain fees automatically but you can view [fee estimates](https://bitcoinfees.earn.com/) and [mempool activity](https://jochen-hoenicke.de/queue/#0,2w) if you want to set your fee manually. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the [Lightning Network](https://lightning.network/), an open source second layer payment protocol built on top of the Bitcoin blockchain. The Lightning Network enables Bitcoin users to instantly send and receive bitcoin with fees so low that they are negligible.
* **Scalable** - While the protocol is still being optimized for [increased transaction capacity](https://en.bitcoin.it/wiki/Scalability), blockchains do not scale very well, so most transaction volume is expected to occur on Layer 2 networks built on top of Bitcoin.
## Where can I buy bitcoin?
[Bitcoin.org](https://bitcoin.org/en/buy) and [BuyBitcoinWorldwide.com](https://www.buybitcoinworldwide.com/) are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular places to buy bitcoin are listed below.
* [Strike](https://strike.me/)
* [Cash App](https://cash.app/)
* [Swan](https://www.swanbitcoin.com/)
* [River Financial](https://river.com/)
* [Bull Bitcoin](https://www.bullbitcoin.com/)
* [Bitcoin Well](https://bitcoinwell.com/)
* [Relai](https://relai.app/)
* [LibertyX](https://libertyx.com/)
* [CoinCorner](https://www.coincorner.com/)
* [RoboSats](https://learn.robosats.com/) (P2P)
* [Bisq](https://bisq.network/) (decentralized & P2P)
* [HodlHodl](https://hodlhodl.com/?filters%5Bcurrency_code%5D=USD) (P2P)
* [List of peer-to-peer exchanges](https://github.com/cointastical/P2P-Trading-Exchanges/)
* [Debifi](https://debifi.com/) (non-custodial lending)
You can also purchase in cash with [local ATMs](http://coinatmradar.com/). Services such as [CardCoins](https://www.cardcoins.co/) let you purchase bitcoin with prepaid gift cards. If you would like your paycheck automatically converted to bitcoin use [Bitwage](https://www.bitwage.com/).
**Note:** Bitcoin are valued at whatever [market price](https://cryptowat.ch/bitstamp/btcusd) people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year.
## Securing your bitcoin
With Bitcoin you can **"Be your own bank"** and personally secure your bitcoin **OR** you can use third party companies aka **"Bitcoin banks"** which will hold your bitcoin for you.
* If you prefer to **"Be your own bank"** and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn best computer security practices, then a hardware wallet such as a [BitBox02](https://bitbox.swiss/bitbox02/), [Trezor](https://www.trezor.io/), [ColdCard](https://coldcardwallet.com/), or [Blockstream Jade](https://blockstream.com/jade/) is recommended. You can even build your own open source hardware wallet called a [SeedSigner](https://seedsigner.com/).
* If you cannot afford a hardware wallet there are many [software wallet](https://bitcoin.org/en/choose-your-wallet) options to choose from depending on your use case. Mobile wallets like [BlueWallet](https://bluewallet.io/) are generally more secure than desktop wallets. Beware of fake mobile wallets and check reviews from reputable Bitcoin websites. Avoid paper wallets or brain wallets.
* If you prefer to work with third party **"Bitcoin banks"** to set up a collaborative custody arrangement, try [Unchained Capital](https://unchained-capital.com/) but be aware that any third party you use exposes you to third party risk. There is a saying in the community, **"Not your keys, not your coins"**.
**Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!**
2FA requires a second confirmation code or a physical security key to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
**Avoid using your cell number for 2FA.** Hackers have been using a technique called "SIM swapping" to impersonate users and steal bitcoin off exchanges.
Google Auth | Authy | OTP Auth | andOTP
--------------|--------|------------|--------
[Android](https://play.google.com/store/apps/details?id=com.google.android.apps.authenticator2) | [Android](https://play.google.com/store/apps/details?id=com.authy.authy&hl=en) | N/A | [Android](https://play.google.com/store/apps/details?id=org.shadowice.flocke.andotp)
[iOS](https://itunes.apple.com/us/app/google-authenticator/id388497605?mt=8) | [iOS](https://itunes.apple.com/us/app/authy/id494168017) | [iOS](https://apps.apple.com/us/app/otp-auth/id659877384) | N/A
Physical security keys (FIDO U2F) offer stronger security than Google Auth / Authy and other TOTP-based apps, because the secret code never leaves the device and it uses bi-directional authentication so it prevents phishing. If you lose the device though, you could lose access to your account, so always use 2 or more security keys with a given account so you have backups. See [Yubikey](https://yubikey.com/) or [Titan](https://cloud.google.com/titan-security-key) to purchase security keys.
Both Coinbase and Gemini support physical security keys.
## Watch out for scams
As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the r / btc subreddit are active scams. Almost all altcoins are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. As they say in our community, **"Don't trust, verify"**.
* Avoid using ad-based search engines like Google or Yahoo: ads are shown based on how much the advertiser bids, and scammers can easily outbid legitimate providers for ad space, since immoral ways of earning money are far more lucrative than moral ways. Use [DuckDuckGo](https://duckduckgo.com/) instead, which has no ads, and never tracks you as well.
* Ignore private messages offering services.
* **Never enter your seed words in a website of any kind.** Hardware wallets will recover by displaying possible seed words on their own interface, never on a website.
* **Always check addresses on your hardware wallet before sending or receiving.** Some malware has been known to replace addresses in your web browser or that you copy-and-paste.
* Avoid clicking on links like that look like links, such as [https://www.google.com/](https://www.youtube.com/watch?v=8ybW48rKBME), without first hovering over it and actually checking where they go to. Just because a link is labelled with an HTTPS address does not mean it actually sends you to that address. It is trivial for someone to comment a link on Reddit that looks like it will send you to one website when it actually sends you to another, and you might not notice the difference until a scammer has gotten all your money, or you have downloaded and installed software that steals your money.
## Common Bitcoin Myths
Often the same concerns arise about Bitcoin from newcomers. Questions such as:
* Will quantum computers break Bitcoin?
* Will governments ban Bitcoin?
* Is Bitcoin a Ponzi scheme?
All of these questions have been answered many times by a variety of people. Here are some resources where you can see if your concern has been answered:
* [Common Bitcoin Myths](https://en.bitcoin.it/wiki/Myths)
* [Gradually, Then Suddenly](https://nakamotoinstitute.org/mempool/series/gradually-then-suddenly/)
* [Every Reason Bitcoin Will Not Fail](https://safehodl.github.io/failure/)
* [The Best Articles Debunking Bitcoin FUD](https://endthefud.org/)
* [Why Bitcoin is Not a Ponzi Scheme: Point by Point](https://www.swanbitcoin.com/why-bitcoin-is-not-a-ponzi-scheme-point-by-point/)
## Where can I spend bitcoin?
Check out [Spendabit](https://spendabit.co/), [Bitcoin Directory](http://bitcoin.directory/shop), or [Coinmap](http://coinmap.org/) for a plethora of merchant options. You can also spend bitcoin anywhere Visa is accepted with bitcoin debit cards such as the [CashApp card](https://cash.app/help/us/en-us/3080-cash-card-get-started), [Fold card](https://foldapp.com/) or other bitcoin debit cards. Some other useful site are listed below.
Store | Product
---|---
[Bitrefill](https://bitrefill.com), [Gyft](http://www.gyft.com/), and [Fold App](https://foldapp.com/) | Gift cards for thousands of retailers worldwide including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
[Spendabit](https://spendabit.co/), [Overstock](http://www.overstock.com/), and [The Bitcoin Directory](http://bitcoin.directory/) | Retail shopping with millions of results
[NewEgg](http://www.newegg.com/) and [Dell](http://www.dell.com/) | For all your electronics needs
[Bitrefill](https://www.bitrefill.com/buy/worldwide/bill/), [Bylls](https://bylls.com), [LivingRoomofSatoshi](https://www.livingroomofsatoshi.com), [Swapin](https://www.swapin.com/), [Coins.ph](https://coins.ph), and [more](https://plusbitcoin.net/bitcoin-debit-card/) | Bill payment
[Menufy](https://www.menufy.com/) and [Takeaway](http://corporate.takeaway.com/) | Takeout delivered to your door
[Expedia](http://www.expedia.com/), [Cheapair](http://www.cheapair.com/), [Destinia](http://destinia.us/), [SkyTours](http://www.sky-tours.com/), the [Travel](https://www.gyft.com/buy-gift-cards/category/travel/) category on Gyft and [9flats](http://www.9flats.com/) | For when you need to get away
[Cryptostorm](https://cryptostorm.is), [Mullvad](https://mullvad.net), and [PIA](https://www.privateinternetaccess.com/) | VPN services
[Namecheap](https://www.namecheap.com/), [Porkbun](https://porkbun.com/) | Domain name registration
[Stampnik](https://stampnik.com) | Discounted USPS Priority, Express, First-Class mail postage
There are also [lots of charities](https://www.reddit.com/r/changetip/wiki/suggestions) which accept bitcoin donations.
## Merchant Resources
There are several benefits to accepting bitcoin as a payment option if you are a merchant;
* 1-3% savings over credit cards or PayPal.
* No chargebacks (final settlement in 10 minutes as opposed to 3+ months).
* Accept business from a global customer base.
* Convert 100% of the sale to the currency of your choice for deposit to your account, or choose to keep a percentage of the sale in bitcoin if you wish to begin accumulating it.
If you are interested in accepting bitcoin as a payment method, there are several options available;
* [BTCPay Server](https://btcpayserver.org/)
* [Zaprite](https://zaprite.com/product)
* [Square cash](https://cash.me/)
* [Stripe](https://stripe.com/bitcoin)
* [Wyre](https://www.sendwyre.com/business/)
* [Blockonomics](https://www.blockonomics.co/merchants#) (direct to your wallet)
* [CoinCorner Checkout](https://www.coincorner.com/checkout)
## Can I mine bitcoin?
Mining bitcoin can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to [folding at home](https://foldingathome.org/?lng=en). If you want to learn more about mining you can read the [mining FAQ](https://en.bitcoin.it/wiki/Faq#Mining). Still have mining questions? The crew at /r/BitcoinMining would be happy to help you out.
If you want to contribute to the Bitcoin network by hosting the blockchain and propagating transactions there are many [great resources](https://raspibolt.org/) you can use to [run a full node](https://river.com/learn/how-to-run-a-bitcoin-node/). You can view the global distribution of reachable Bitcoin nodes on [this webpage.](https://bitnodes.io/nodes/all/#global-bitcoin-nodes)
## Earning bitcoin
Just like any other form of money, you can also earn bitcoin by being paid to do a job.
Site | Description
---|---
[WorkingForBitcoins](https://workingforbitcoins.com), [Bitwage](https://www.bitwage.com/for-individuals/), [Coinality](https://coinality.com/), [Bitgigs](http://bitgigs.com/), [/r/Jobs4Bitcoins](http://www.reddit.com/r/Jobs4Bitcoins), [BitforTip](http://www.bitfortip.com/), and [Rein Project](http://reinproject.org/) | Freelancing
[Lolli](https://www.lolli.com/) | Earn bitcoin when you shop online!
[Purse.io](https://purse.io/shop), [Bitify](https://bitify.com/), and [/r/Bitmarket](http://www.reddit.com/r/BitMarket) | Marketplaces
[A-ads](https://a-ads.com), [Coinzilla.io](https://coinzilla.io/) | Advertising
You can also earn bitcoin by participating as a market maker on [JoinMarket](https://github.com/chris-belcher/joinmarket) by allowing users to perform CoinJoin transactions with your bitcoin for a small fee (requires you to already have some bitcoin).
## Bitcoin-Related Projects
The following is a **short** list of ongoing projects that might be worth taking a look at if you are interested in current development in the Bitcoin space.
Project | Description
---|---
[Lightning Network](https://lightning.engineering/index.html)| Second layer scaling
[Liquid](https://blockstream.com/liquid/) and [Rootstock](https://www.rsk.co/) | Sidechains
[Hivemind](http://bitcoinhivemind.com) | Prediction markets
[Tierion](https://tierion.com) and [Factom](http://factom.org/) | Records & Titles on the blockchain
[BitMarkets](https://voluntary.net/bitmarkets/), and [DropZone](https://github.com/17Q4MX2hmktmpuUKHFuoRmS5MfB5XPbhod/dropzone) and [Beaver](https://eprint.iacr.org/2016/464.pdf) | Decentralized markets
[JoinMarket](https://github.com/chris-belcher/joinmarket), [Samourai Whirlpool](https://samouraiwallet.com/whirlpool), and [Wasabi](https://docs.wasabiwallet.io/using-wasabi/CoinJoin.html) | CoinJoin implementation
[Peer-to-Peer Exchanges](https://github.com/cointastical/P2P-Trading-Exchanges/) | Peer-to-peer exchanges
[Keybase](https://keybase.io/) | Identity & Reputation management
[Abra](https://www.goabra.com/) | Global P2P money transmitter network
[Bitcore](http://bitcore.io/) | Open source Bitcoin javascript library
## Bitcoin Units
One bitcoin is worth quite a lot (thousands of £/$/€), so people often deal in smaller units. The most common subunits are listed below:
Unit | Symbol | Value | Info
---|:---:|---|---
bitcoin | BTC | 1 bitcoin | one bitcoin is equal to 100 million satoshis
millibitcoin | mBTC | 1,000 per bitcoin | used as default unit in Electrum wallet
bit | μBTC | 1,000,000 per bitcoin | colloquial "slang" term for microbitcoin
satoshi | sat | 100,000,000 per bitcoin | smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10,000 for one bitcoin, a $10 meal would equal:
* 0.001 BTC
* 1 mBTC
* 1,000 bits
* 100,000 sats
For more information check out the [bitcoin units wiki](https://www.reddit.com/r/BitcoinWiki/wiki/bitcoin_units).
---
**Still have questions?** Feel free to ask in the comments below or stick around for our weekly [Mentor Monday](https://www.reddit.com/r/Bitcoin/search/?q=title%3A%22mentor+monday%22&sort=new&restrict_sr=on&t=all) thread. If you decide to post a question in /r/Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community, so please do not message them unless you notice problems with the functionality of the subreddit.
**Note:** This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification, you can [edit it here](https://www.reddit.com/r/BitcoinWiki/wiki/rbitcoin_sticky) and it will be included in the next revision pending approval.
**Welcome to the Bitcoin community and the new decentralized economy!**
Please note that this thread will be moderated and non-constructive comments will be removed. | r/Bitcoin | 2024-16-03 |
Here in robotqt: https://robotqt.com/#/register?i=401110 | r/bitcoin | Here in robotqt: https://robotqt.com/#/register?i=401110 | r/Bitcoin | 2024-02-06 |
Bitcoin can only end the fed if everyone stops using USD and starts using bitcoin. You might ask: why would people stop using USD?
I mean if the US Government defaulted on it's debt, then that would cause investors to lose interest in that form of investment, but would people seriously stop using USD?
The Government could default on it's debt, but even so, is bitcoin a better alternative to running an economy? The argument really lies in the Fed, as Bitcoin is competition to the USD and the USD is largely controlled by the Fed.
The Fed came about because of the volatility of capitalism. Something needs to be there to help us bounce back faster. Neoclassical economists have always argued that we need to let markets to naturally come back to equilibrium in the long run after shocks, otherwise if the government gets involved, they use measures so blunt it will make the markets overcorrect and lead to more swings (therefore, we minimal Government regulation needed - just to ensure that property rights are maintained). Keynes argues that "we're all dead in the long run", meaning Governments can play a part in stability . Monetarists believe we need a constant increase in the supply of money into the economy to ensure the stability of inflation (as a collapse in the money supply caused the great depression i.e. no one wanted to spend and therefore inflation plummetted).
Bitcoin refutes pretty much all of Keynesian and Monetary theory. Basically, we don't need inflation to keep the economy going (in theory, we do because inflation means that people have a greater incentive to spend and spending drives the economy as one person's spending is another person's wage), but people have argued that this isn't essential to economic functioning.
Problem is: Japan as an example is a country whose economy has struggled with lack of inflation. Deflation = money grows in value simply by staying in your pocket = businesses drive prices lower and lower to convince people to buy = no growth.
I think Bitcoin is like populism: sounds very appealing in theory and makes young people feel like they have purpose. But there needs to be method behind the madness. Is there theory supporting why we can have an economy that has no inflation and no centralised money regulation authority that increases or decreases the supply in the economy? Because idk about you but I would love to avoid another GFC or Great Depression. | r/bitcoin | Bitcoin can only end the fed if everyone stops using USD and starts using bitcoin. You might ask: why would people stop using USD?
I mean if the US Government defaulted on it's debt, then that would cause investors to lose interest in that form of investment, but would people seriously stop using USD?
The Government could default on it's debt, but even so, is bitcoin a better alternative to running an economy? The argument really lies in the Fed, as Bitcoin is competition to the USD and the USD is largely controlled by the Fed.
The Fed came about because of the volatility of capitalism. Something needs to be there to help us bounce back faster. Neoclassical economists have always argued that we need to let markets to naturally come back to equilibrium in the long run after shocks, otherwise if the government gets involved, they use measures so blunt it will make the markets overcorrect and lead to more swings (therefore, we minimal Government regulation needed - just to ensure that property rights are maintained). Keynes argues that "we're all dead in the long run", meaning Governments can play a part in stability . Monetarists believe we need a constant increase in the supply of money into the economy to ensure the stability of inflation (as a collapse in the money supply caused the great depression i.e. no one wanted to spend and therefore inflation plummetted).
Bitcoin refutes pretty much all of Keynesian and Monetary theory. Basically, we don't need inflation to keep the economy going (in theory, we do because inflation means that people have a greater incentive to spend and spending drives the economy as one person's spending is another person's wage), but people have argued that this isn't essential to economic functioning.
Problem is: Japan as an example is a country whose economy has struggled with lack of inflation. Deflation = money grows in value simply by staying in your pocket = businesses drive prices lower and lower to convince people to buy = no growth.
I think Bitcoin is like populism: sounds very appealing in theory and makes young people feel like they have purpose. But there needs to be method behind the madness. Is there theory supporting why we can have an economy that has no inflation and no centralised money regulation authority that increases or decreases the supply in the economy? Because idk about you but I would love to avoid another GFC or Great Depression. | r/Bitcoin | 2024-31-05 |
Same here. I loved bitcoin, even while I respected Peter. Ten years ago I was very optimistic about bitcoin's future. But it hasn't progressed AT ALL towards being the money of the internet (let alone the internet of money). Yes the technology has continued to be developed, but actual adoption for monetary purposes has only gone backwards. Meanwhile the price has continued to rise, driven by speculation and FOMO; and this is rationalised by the likes of Michael Saylor, who no longer claim it is useful money, but that it is a 'store of value'. But Saylor and others don't understand what 'store of value' means. Durable commodities like gold, are a store of value. The safe you keep it in is not a 'store of value'! Bitcoin is like a safe, a very secure safe. But it's an EMPTY safe.
Fundamentally Peter is right. One day the last buyer will buy his last coin, and then you will have all these bag holders with literally nothing in their bags. That cannot happen with gold. Gold has real properties. As long as it exists people will find uses for it. There will always be a market. | r/bitcoin | Same here. I loved bitcoin, even while I respected Peter. Ten years ago I was very optimistic about bitcoin's future. But it hasn't progressed AT ALL towards being the money of the internet (let alone the internet of money). Yes the technology has continued to be developed, but actual adoption for monetary purposes has only gone backwards. Meanwhile the price has continued to rise, driven by speculation and FOMO; and this is rationalised by the likes of Michael Saylor, who no longer claim it is useful money, but that it is a 'store of value'. But Saylor and others don't understand what 'store of value' means. Durable commodities like gold, are a store of value. The safe you keep it in is not a 'store of value'! Bitcoin is like a safe, a very secure safe. But it's an EMPTY safe.
Fundamentally Peter is right. One day the last buyer will buy his last coin, and then you will have all these bag holders with literally nothing in their bags. That cannot happen with gold. Gold has real properties. As long as it exists people will find uses for it. There will always be a market. | r/Bitcoin | 2024-16-06 |
He probably bought a few gold coins. Even gold savings worth a million dollars can be contained in a home safe, and transported in a box the size of a tool box. | r/bitcoin | He probably bought a few gold coins. Even gold savings worth a million dollars can be contained in a home safe, and transported in a box the size of a tool box. | r/Bitcoin | 2024-16-06 |
"gold has already failed as a store of value, central authorities have proven that they can just make gold illegal and confiscate peoples gold, thats why wee need something better."
I disagree there. Since the end of Bretton Woods Gold has proven itself more than ever before. And the fact that the government demanded people give up their gold isn't a problem with gold. It is a problem with people, who do whatever the government asks. Bitcoin is no better on this front. If the state orders you to give up your bitcoin you can agree, or you can resist. | r/bitcoin | "gold has already failed as a store of value, central authorities have proven that they can just make gold illegal and confiscate peoples gold, thats why wee need something better."
I disagree there. Since the end of Bretton Woods Gold has proven itself more than ever before. And the fact that the government demanded people give up their gold isn't a problem with gold. It is a problem with people, who do whatever the government asks. Bitcoin is no better on this front. If the state orders you to give up your bitcoin you can agree, or you can resist. | r/Bitcoin | 2024-16-06 |
Agree. | r/bitcoin | Agree. | r/Bitcoin | 2024-16-06 |
And he's selling it because he thinks it's a good product. It's moot. All that matters are the arguments. | r/bitcoin | And he's selling it because he thinks it's a good product. It's moot. All that matters are the arguments. | r/Bitcoin | 2024-16-06 |
And what's the definition of a bag holder? | r/bitcoin | And what's the definition of a bag holder? | r/Bitcoin | 2024-16-06 |
Irrelevant. All that matters is his argument. | r/bitcoin | Irrelevant. All that matters is his argument. | r/Bitcoin | 2024-16-06 |
If you buy on bisq, could you potentially be buying btc that was originally bought on an exchange? And therefore if you sold it kyc one day…it would just look like it was sold by the person who sold it to me? | r/bitcoin | If you buy on bisq, could you potentially be buying btc that was originally bought on an exchange? And therefore if you sold it kyc one day…it would just look like it was sold by the person who sold it to me? | r/Bitcoin | 2024-24-05 |
I would say there is Cypherrock & Ledger that have recovery features that you should check out. Although I would stay away from the Ledger recovery service since the seed phrase is sent outside the hardware wallet which defeats its purpose in the first place. | r/bitcoin | I would say there is Cypherrock & Ledger that have recovery features that you should check out. Although I would stay away from the Ledger recovery service since the seed phrase is sent outside the hardware wallet which defeats its purpose in the first place. | r/Bitcoin | 2024-28-06 |
hey u/donmulatito , just confirming, it sounds like you called Schwab and they said all BTC ETFs are not allowed as loan collateral? have you explore other reputable banks that do allow it? quite curious, thanks! | r/bitcoin | hey u/donmulatito , just confirming, it sounds like you called Schwab and they said all BTC ETFs are not allowed as loan collateral? have you explore other reputable banks that do allow it? quite curious, thanks! | r/Bitcoin | 2024-24-05 |
Fidelity will do it. I didn't proceed because the numbers didn't make sense for me. But they will do it 👌 | r/bitcoin | Fidelity will do it. I didn't proceed because the numbers didn't make sense for me. But they will do it 👌 | r/Bitcoin | 2024-24-05 |
Thoughts on Cypher rock? I have really been impressed so far with their security. Although I would have preferred them to launch a bitcoin only version as well, but the current works wonders as well. Have not found anyone yet securing keys like they are doing it currently. | r/bitcoin | Thoughts on Cypher rock? I have really been impressed so far with their security. Although I would have preferred them to launch a bitcoin only version as well, but the current works wonders as well. Have not found anyone yet securing keys like they are doing it currently. | r/Bitcoin | 2024-30-06 |
Growth is tax free in a trad IRA as well. | r/bitcoin | Growth is tax free in a trad IRA as well. | r/Bitcoin | 2024-27-06 |
Fine, will check it out. | r/bitcoin | Fine, will check it out. | r/Bitcoin | 2024-31-05 |
Hi,
Can you explain how you hodl until irs doesn’t exist and how it will happen sooner than people think?
Not arguing, i am fascinated by this comment and would like to learn more. | r/bitcoin | Hi,
Can you explain how you hodl until irs doesn’t exist and how it will happen sooner than people think?
Not arguing, i am fascinated by this comment and would like to learn more. | r/Bitcoin | 2024-03-06 |
I mean ultimately I don't care how long it takes.
If I don't sell, it'll be the foundation for my children to build on.
I won't retire, I've found work that I love. I'm just locking up my life work in a place the government can't steal unless they come to me face to face and then we have bigger problems.
But to answer your question, let me ask you a different question. How do IRS agents get paid?
The US government is stuck paying its agents in dollars. At some point, everyone is going to want to be earning Bitcoin. If you are an IRS agent, you can either keep working for dollars that will be velocity-depreciating by the week, or you can go earn Bitcoin doing something actually useful. Once everyone wants to be earning Bitcoin the government is going to have a hard time keeping employees and it will be game over.
Note that this doesn't just apply to IRS agents but also police and military as well. The whole thing will dry up and become nothing.
This is the end game of Bitcoin. This is the thing nobody sees coming. Bitcoin isn't just about creating a new honest currency or a store of value. Bitcoin is about ending the institution of government as we know it.
The best part is that not 1 in 100 see it coming.
Stack sats and hodl. | r/bitcoin | I mean ultimately I don't care how long it takes.
If I don't sell, it'll be the foundation for my children to build on.
I won't retire, I've found work that I love. I'm just locking up my life work in a place the government can't steal unless they come to me face to face and then we have bigger problems.
But to answer your question, let me ask you a different question. How do IRS agents get paid?
The US government is stuck paying its agents in dollars. At some point, everyone is going to want to be earning Bitcoin. If you are an IRS agent, you can either keep working for dollars that will be velocity-depreciating by the week, or you can go earn Bitcoin doing something actually useful. Once everyone wants to be earning Bitcoin the government is going to have a hard time keeping employees and it will be game over.
Note that this doesn't just apply to IRS agents but also police and military as well. The whole thing will dry up and become nothing.
This is the end game of Bitcoin. This is the thing nobody sees coming. Bitcoin isn't just about creating a new honest currency or a store of value. Bitcoin is about ending the institution of government as we know it.
The best part is that not 1 in 100 see it coming.
Stack sats and hodl. | r/Bitcoin | 2024-04-06 |
When I learned about Bitcoin, I realized I had forgotten what hope felt like. | r/bitcoin | When I learned about Bitcoin, I realized I had forgotten what hope felt like. | r/Bitcoin | 2024-05-06 |
Bitcoin is amazing. It’s amazing in its simplicity. Stack sats! | r/bitcoin | Bitcoin is amazing. It’s amazing in its simplicity. Stack sats! | r/Bitcoin | 2024-05-06 |
Uxami.com still work in your country?
I got scammed too support Uxami when your account is greater than 500$ your need to unlock premium account by 2 deposit, 250$ and 0,004 🤣 | r/bitcoin | Uxami.com still work in your country?
I got scammed too support Uxami when your account is greater than 500$ your need to unlock premium account by 2 deposit, 250$ and 0,004 🤣 | r/Bitcoin | 2024-30-06 |
Does anyone know if any of these casinos pay out in fiat to bank account? | r/bitcoin | Does anyone know if any of these casinos pay out in fiat to bank account? | r/Bitcoin | 2024-02-06 |
I do fucktard | r/bitcoin | I do fucktard | r/Bitcoin | 2024-01-07 |
They have a representative office in Europe, Lithuania. We can combine our efforts and file a class action lawsuit. Write in private messages. | r/bitcoin | They have a representative office in Europe, Lithuania. We can combine our efforts and file a class action lawsuit. Write in private messages. | r/Bitcoin | 2024-12-06 |
what is cfpb? | r/bitcoin | what is cfpb? | r/Bitcoin | 2024-12-06 |
Do you know the address? Is the address compress or uncompressed? I have a script for compress address but mostly can modify to uncompressed. It will crack this easy, | r/bitcoin | Do you know the address? Is the address compress or uncompressed? I have a script for compress address but mostly can modify to uncompressed. It will crack this easy, | r/Bitcoin | 2024-05-06 |
how do you explain the hold on your funds for 2 months that everyone on the other feeds | r/bitcoin | how do you explain the hold on your funds for 2 months that everyone on the other feeds | r/Bitcoin | 2024-15-06 |
Edeough after 2 months your opinion hasn't changed? | r/bitcoin | Edeough after 2 months your opinion hasn't changed? | r/Bitcoin | 2024-06-06 |
remind me in 10 years! | r/bitcoin | remind me in 10 years! | r/Bitcoin | 2024-28-05 |
My first thought | r/bitcoin | My first thought | r/Bitcoin | 2024-11-06 |
Tapinnn with me on telegram @sosa_ite for Molly, K, Acid, Shrooms, Dmt, Xanax, Klonapin, Adderall, Dab pens, Gas, Dabs. I will Facetime you and send vids of shit and when at post office so you know where your money is. Not on no weird shit so you don’t be either please🙏🙏 I sell good shit and I love my customers and will keep connection with you so we all have trust and everyone is safe🤞🤞Let’s make this bag💰💰On random apps in random places trying to find new customers bear with me commenting everywhere sorryyy😭😭 | r/bitcoin | Tapinnn with me on telegram @sosa_ite for Molly, K, Acid, Shrooms, Dmt, Xanax, Klonapin, Adderall, Dab pens, Gas, Dabs. I will Facetime you and send vids of shit and when at post office so you know where your money is. Not on no weird shit so you don’t be either please🙏🙏 I sell good shit and I love my customers and will keep connection with you so we all have trust and everyone is safe🤞🤞Let’s make this bag💰💰On random apps in random places trying to find new customers bear with me commenting everywhere sorryyy😭😭 | r/Bitcoin | 2024-23-05 |
Please donate Bitcoin
bc1q8m7559aaxt2mhezvgt9k2ws3msm5tjp32wy7j3 | r/bitcoin | Please donate Bitcoin
bc1q8m7559aaxt2mhezvgt9k2ws3msm5tjp32wy7j3 | r/Bitcoin | 2024-29-05 |
Prepaid2coin.com is the only US based provider that will directly exchange your gift card for bitcoin. Very secure and safe. | r/bitcoin | Prepaid2coin.com is the only US based provider that will directly exchange your gift card for bitcoin. Very secure and safe. | r/Bitcoin | 2024-27-06 |
I have multiple wallets protected by the multi sig on my passport if that’s what you’re asking. | r/bitcoin | I have multiple wallets protected by the multi sig on my passport if that’s what you’re asking. | r/Bitcoin | 2024-05-06 |
Well well... | r/bitcoin | Well well... | r/Bitcoin | 2024-14-06 |
Yes! Bitcoin is a great instrument for that. Essentially gifting people or donating to bitcoiners | r/bitcoin | Yes! Bitcoin is a great instrument for that. Essentially gifting people or donating to bitcoiners | r/Bitcoin | 2024-06-06 |
Can somebody tell me the name of this app? | r/bitcoin | Can somebody tell me the name of this app? | r/Bitcoin | 2024-28-05 |
CNN needs to be replaced with the Bitcoin Standard of News | r/bitcoin | CNN needs to be replaced with the Bitcoin Standard of News | r/Bitcoin | 2024-28-05 |
please dm me regarding the method using cashapp on an emulator o great lord | r/bitcoin | please dm me regarding the method using cashapp on an emulator o great lord | r/Bitcoin | 2024-28-06 |
Netherlands best standard of living on the planet. Read a story where a guy was always wanting better this better that. We all think money is important. Rich guy Hates money as they worry about it being stolen or not knowing if his family and friends or even partner love him because he has money. Poor guy is always wanting more money and never realizes that youth is the great equalizer. Try to go to that big pile of bags with peoples troubles in it. You will find every bag has alot of problems no matter who you are. Your worst troubles and friends adventures will be the things that we all look back on. You won't remember I made X amount of money of crypto. Its cool and fun but so is online poker. Go out and Make some stories. I came into this world with nothing (money I mean) and I am going to leave it with nothing so better get used to having nothing. | r/bitcoin | Netherlands best standard of living on the planet. Read a story where a guy was always wanting better this better that. We all think money is important. Rich guy Hates money as they worry about it being stolen or not knowing if his family and friends or even partner love him because he has money. Poor guy is always wanting more money and never realizes that youth is the great equalizer. Try to go to that big pile of bags with peoples troubles in it. You will find every bag has alot of problems no matter who you are. Your worst troubles and friends adventures will be the things that we all look back on. You won't remember I made X amount of money of crypto. Its cool and fun but so is online poker. Go out and Make some stories. I came into this world with nothing (money I mean) and I am going to leave it with nothing so better get used to having nothing. | r/Bitcoin | 2024-30-06 |
You got the secret. Yes budgeting is the key and when you master it sell it to people. Soon many people desire to know how to do it. You cannot be good at it unless you have to be without money are in debt. So much knowledge out there we never had. You should all be Spock geniuses. We had slinky and encyclopedia Brittanica. A whole generation of older people now dying if smoking and alcoholics. I will take crypto amd the internet at 20 to 24yrs of age anyway. Yeesh when your 50 you don't retire that's middle age
Man 50 for a 20yr old in the future will be amazing with tech and solar, wind and ev power. Man for sure will nit have an energy crisis. Today our standard of living is even better than the Pharoahs of Egypt. They didn't even have air conditioning. Even if you don't have it you can walk into a grocery store or mall. Oh right this Gen doesn't go to malls anymore. Didn't need money to do that. ELE | r/bitcoin | You got the secret. Yes budgeting is the key and when you master it sell it to people. Soon many people desire to know how to do it. You cannot be good at it unless you have to be without money are in debt. So much knowledge out there we never had. You should all be Spock geniuses. We had slinky and encyclopedia Brittanica. A whole generation of older people now dying if smoking and alcoholics. I will take crypto amd the internet at 20 to 24yrs of age anyway. Yeesh when your 50 you don't retire that's middle age
Man 50 for a 20yr old in the future will be amazing with tech and solar, wind and ev power. Man for sure will nit have an energy crisis. Today our standard of living is even better than the Pharoahs of Egypt. They didn't even have air conditioning. Even if you don't have it you can walk into a grocery store or mall. Oh right this Gen doesn't go to malls anymore. Didn't need money to do that. ELE | r/Bitcoin | 2024-30-06 |
What living will you have at 50? At 55 your a senior. Why? Because you get tired quicker. You could drop dead quicker then a 24yr old. Your vision needs glasses when your fifty. You will probably have kids when your fifty and for sure if you have kids you will lose money. Roommates you didn't get to pick.lol. Ah youth is wasted on the young. Young guy says old guy has it made , has a fancy car , fancy house etc. Don't believe the hype. No one has a car without a loan. No one had a house without a big mortgage. No kids like old 50 yr Olds they look up to 24yr Olds. World is your oyster. Used to get up at 430am everyday for work. Used to move at least every couple of years to find a less expensive place. Went from walking to buying to getting a car. Cars are expensive 😫 actually cars are super cheap. It's the insurance , gas and repairs that get you. 24yrs old is sweeeet. Plenty of time to make mistakes and look for some opportunities because you are younger , faster , flexible more than a 55yr old. Yes there are the exceptions to the rule.But not many. Plus you have tons of time to let compounding grow that budgeted money. Awesome... I am so jealous. You are like Steve Austin the six million dollar man without the six million dollars. Peace and love will get you through anything. | r/bitcoin | What living will you have at 50? At 55 your a senior. Why? Because you get tired quicker. You could drop dead quicker then a 24yr old. Your vision needs glasses when your fifty. You will probably have kids when your fifty and for sure if you have kids you will lose money. Roommates you didn't get to pick.lol. Ah youth is wasted on the young. Young guy says old guy has it made , has a fancy car , fancy house etc. Don't believe the hype. No one has a car without a loan. No one had a house without a big mortgage. No kids like old 50 yr Olds they look up to 24yr Olds. World is your oyster. Used to get up at 430am everyday for work. Used to move at least every couple of years to find a less expensive place. Went from walking to buying to getting a car. Cars are expensive 😫 actually cars are super cheap. It's the insurance , gas and repairs that get you. 24yrs old is sweeeet. Plenty of time to make mistakes and look for some opportunities because you are younger , faster , flexible more than a 55yr old. Yes there are the exceptions to the rule.But not many. Plus you have tons of time to let compounding grow that budgeted money. Awesome... I am so jealous. You are like Steve Austin the six million dollar man without the six million dollars. Peace and love will get you through anything. | r/Bitcoin | 2024-30-06 |
Crypto will make me rich by 35-40, and I’m out of the system, im not going to be slave and work until I die, if I have to then I move to Latin America or cheap country like Spain Italy, I don’t want be slave… what I see in the Netherlands is “how hard to make money here and overcontroled business”.
Crypto for me could be a life changer, but Russia swallowed my opportunities, I entered crypto when I was 18 in 2017, I had an opportunity at first, I invested $2000 and I had after 3 months 20.000, and greed is killed me and I wanted more. Since then I lost slowly, it was like bleeding.
But because in Russia salaries $200 per month, you can’t invest new money with a new experience, and 2020-2021 crypto rally I missed. So entered crypto in May 2024, $6500, $2000 is my unrealized loss, I have now $4500, im not worried about it, because I well experienced by 24 years old age, so I have 7 years real experience.
Instead to be angry and panic sell, I will invest more at lower prices, smart? Yeah. Additional $7000 will be invested in August. I hope my man I will make something, because in depression and had forced to live in the middle of nowhere of Holland here, because the government gave me an apartment here in the village, and I’m glad, yeah, but anxiety and boring life makes sense anyway | r/bitcoin | Crypto will make me rich by 35-40, and I’m out of the system, im not going to be slave and work until I die, if I have to then I move to Latin America or cheap country like Spain Italy, I don’t want be slave… what I see in the Netherlands is “how hard to make money here and overcontroled business”.
Crypto for me could be a life changer, but Russia swallowed my opportunities, I entered crypto when I was 18 in 2017, I had an opportunity at first, I invested $2000 and I had after 3 months 20.000, and greed is killed me and I wanted more. Since then I lost slowly, it was like bleeding.
But because in Russia salaries $200 per month, you can’t invest new money with a new experience, and 2020-2021 crypto rally I missed. So entered crypto in May 2024, $6500, $2000 is my unrealized loss, I have now $4500, im not worried about it, because I well experienced by 24 years old age, so I have 7 years real experience.
Instead to be angry and panic sell, I will invest more at lower prices, smart? Yeah. Additional $7000 will be invested in August. I hope my man I will make something, because in depression and had forced to live in the middle of nowhere of Holland here, because the government gave me an apartment here in the village, and I’m glad, yeah, but anxiety and boring life makes sense anyway | r/Bitcoin | 2024-30-06 |
Not only this, I have a real chance to live 100 years, because what shows AI to us is mind blowing, isn’t ? AI will make a cancer treatment, we will beat any disease and AI able to creat an sustainable economy, some kind of communism is possibility, not low key shit | r/bitcoin | Not only this, I have a real chance to live 100 years, because what shows AI to us is mind blowing, isn’t ? AI will make a cancer treatment, we will beat any disease and AI able to creat an sustainable economy, some kind of communism is possibility, not low key shit | r/Bitcoin | 2024-30-06 |
Well well well.... | r/bitcoin | Well well well.... | r/Bitcoin | 2024-28-05 |
That’s what multisig is for. | r/bitcoin | That’s what multisig is for. | r/Bitcoin | 2024-01-07 |
The monetary system is rigged to keep us enslaved:
I have an explanation about inflation at around 4:45 in my video:
[https://youtu.be/H7kW2JP9WwU?si=JZnTrl238lo2Foaf](https://youtu.be/H7kW2JP9WwU?si=JZnTrl238lo2Foaf) | r/bitcoin | The monetary system is rigged to keep us enslaved:
I have an explanation about inflation at around 4:45 in my video:
[https://youtu.be/H7kW2JP9WwU?si=JZnTrl238lo2Foaf](https://youtu.be/H7kW2JP9WwU?si=JZnTrl238lo2Foaf) | r/Bitcoin | 2024-05-06 |
The monetary system is rigged to keep us enslaved:
I have an explanation about inflation at around 4:45 in my video:
[https://youtu.be/H7kW2JP9WwU?si=JZnTrl238lo2Foaf](https://youtu.be/H7kW2JP9WwU?si=JZnTrl238lo2Foaf) | r/bitcoin | The monetary system is rigged to keep us enslaved:
I have an explanation about inflation at around 4:45 in my video:
[https://youtu.be/H7kW2JP9WwU?si=JZnTrl238lo2Foaf](https://youtu.be/H7kW2JP9WwU?si=JZnTrl238lo2Foaf) | r/Bitcoin | 2024-05-06 |
Thankfully if you are not outright kuku you can always get higher than inflation deposits WHILE you are using credit money. E.g. you can move you money into some country where contral bank rate is high. Or bonds on stock market.
Not to mention that on biggest exchabges you csn get 50% ATR :) | r/bitcoin | Thankfully if you are not outright kuku you can always get higher than inflation deposits WHILE you are using credit money. E.g. you can move you money into some country where contral bank rate is high. Or bonds on stock market.
Not to mention that on biggest exchabges you csn get 50% ATR :) | r/Bitcoin | 2024-12-06 |
I'm sure you can find a wallet that supports it to import those hexadecimal keys, But trusting those wallets is nerve wracking in my mind.
If you're a coder I would recommend using the bitcoinlib library for python to just get the addresses from those wallets and check the balances. If it shows the balances you're expecting on a blockchain explorer. Keep those keys offline don't throw them into a hot wallet until you're ready to move them! If you want to move them be prepared with a cold wallet to move anything you're not planning on selling.
Personally, I would just stamp those keys into metal plates and keep them in a safe. Never put them on a hot wallet, only use cold or air gapped wallets.
If you hope to do this with python you could use some basic code after installing bitcoinlib:
pip install bitcoinlib
# [getAddress.py](http://getAddress.py)
from bitcoinlib.keys import Key
hex\_private\_key = 'your64characterhexadecimalprivatekey'
key = Key(import\_key=hex\_private\_key)
address = key.address()
print(f"Bitcoin Address: {address}")
Keep in mind depending on how these keys were set up it could be using multi part keys. This could mean if you addresses are empty that the keys need to be combined to be used.
Best of luck and if you want some help using python come join our discord community of developers for some help with coding questions. 😊 Best of luck. | r/bitcoin | I'm sure you can find a wallet that supports it to import those hexadecimal keys, But trusting those wallets is nerve wracking in my mind.
If you're a coder I would recommend using the bitcoinlib library for python to just get the addresses from those wallets and check the balances. If it shows the balances you're expecting on a blockchain explorer. Keep those keys offline don't throw them into a hot wallet until you're ready to move them! If you want to move them be prepared with a cold wallet to move anything you're not planning on selling.
Personally, I would just stamp those keys into metal plates and keep them in a safe. Never put them on a hot wallet, only use cold or air gapped wallets.
If you hope to do this with python you could use some basic code after installing bitcoinlib:
pip install bitcoinlib
# [getAddress.py](http://getAddress.py)
from bitcoinlib.keys import Key
hex\_private\_key = 'your64characterhexadecimalprivatekey'
key = Key(import\_key=hex\_private\_key)
address = key.address()
print(f"Bitcoin Address: {address}")
Keep in mind depending on how these keys were set up it could be using multi part keys. This could mean if you addresses are empty that the keys need to be combined to be used.
Best of luck and if you want some help using python come join our discord community of developers for some help with coding questions. 😊 Best of luck. | r/Bitcoin | 2024-11-06 |
Anyone from China what to buy some bitcoin? | r/bitcoin | Anyone from China what to buy some bitcoin? | r/Bitcoin | 2024-17-06 |
This is why crypto will fail. Imagine sending somebody in China 500usd and then PayPal says sorry, u used wrong currency, should have used yen not usd… so ur money is gone forever. People would never touch paypal again. | r/bitcoin | This is why crypto will fail. Imagine sending somebody in China 500usd and then PayPal says sorry, u used wrong currency, should have used yen not usd… so ur money is gone forever. People would never touch paypal again. | r/Bitcoin | 2024-22-05 |
I've followed the step and nothing changes. It still says I can't send money in block chain and it says zero funds on electrum? What am I missing? | r/bitcoin | I've followed the step and nothing changes. It still says I can't send money in block chain and it says zero funds on electrum? What am I missing? | r/Bitcoin | 2024-07-06 |
Michael Saylor would say only invest what you can’t afford to lose. | r/bitcoin | Michael Saylor would say only invest what you can’t afford to lose. | r/Bitcoin | 2024-26-06 |
like drugs | r/bitcoin | like drugs | r/Bitcoin | 2024-06-06 |
If you need real help. Reach out to me. This is what I do. And I have ways to let u know who I am and where I am, so no games. There's more to it obviously and don't tryst websites that are verified. That's how I got into this while thing. Jc | r/bitcoin | If you need real help. Reach out to me. This is what I do. And I have ways to let u know who I am and where I am, so no games. There's more to it obviously and don't tryst websites that are verified. That's how I got into this while thing. Jc | r/Bitcoin | 2024-05-06 |
Bot | r/bitcoin | Bot | r/Bitcoin | 2024-17-06 |
That’s actually an interesting idea ngl | r/bitcoin | That’s actually an interesting idea ngl | r/Bitcoin | 2024-27-06 |
$10 i think | r/bitcoin | $10 i think | r/Bitcoin | 2024-27-06 |
😭😭😭 | r/bitcoin | 😭😭😭 | r/Bitcoin | 2024-27-06 |
If it’s up to Biden it will happen with most assets on any unrealized gains in a calendar year without their sale
The govt is desperate for money
With Trump it will not happen | r/bitcoin | If it’s up to Biden it will happen with most assets on any unrealized gains in a calendar year without their sale
The govt is desperate for money
With Trump it will not happen | r/Bitcoin | 2024-16-06 |
I can recommend Ginger Wallet for you it provides privacy by default and you use its built-in coinjoin service if you want to break the blockchain history of your funds.
More info here: [https://gingerwallet.io/](https://gingerwallet.io/) | r/bitcoin | I can recommend Ginger Wallet for you it provides privacy by default and you use its built-in coinjoin service if you want to break the blockchain history of your funds.
More info here: [https://gingerwallet.io/](https://gingerwallet.io/) | r/Bitcoin | 2024-08-06 |
**Follow these steps:**
**Step 1:** Save money and wait for a bear market.
**Step 2:** Buy during bear market crash.
**Step 3:** Hold for 2-4 years, make sure you will never need the money you invested.
**Step 4:** Sell!! Sell! Sell!! In a bull cycle. Most get greedy and never sell.
Use crypto investment calculators for your benefit. I use Botsfolio's [crypto investment calculator](https://botsfolio.com/crypto-investment-calculator/custom-portfolio). | r/bitcoin | **Follow these steps:**
**Step 1:** Save money and wait for a bear market.
**Step 2:** Buy during bear market crash.
**Step 3:** Hold for 2-4 years, make sure you will never need the money you invested.
**Step 4:** Sell!! Sell! Sell!! In a bull cycle. Most get greedy and never sell.
Use crypto investment calculators for your benefit. I use Botsfolio's [crypto investment calculator](https://botsfolio.com/crypto-investment-calculator/custom-portfolio). | r/Bitcoin | 2024-07-06 |
This market is alive and well | r/bitcoin | This market is alive and well | r/Bitcoin | 2024-02-06 |