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Not a hot take. Taking profit from BTc is a flawed concept. When house prices go up you don’t sell bricks from your home. | r/bitcoin | Not a hot take. Taking profit from BTc is a flawed concept. When house prices go up you don’t sell bricks from your home. | r/Bitcoin | 2024-20-05 |
I'd forget about real estate now because it will go down in price as they will be fewer ppl to create the cashflow. He wants to be able to create liquidity with the bitcoin he has. He needs to buy as much as he can and lesen to secure it in cold wallet. Read the bitcoin standard by saifedean ammous.
https://youtu.be/NWKNU58V_JA | r/bitcoin | I'd forget about real estate now because it will go down in price as they will be fewer ppl to create the cashflow. He wants to be able to create liquidity with the bitcoin he has. He needs to buy as much as he can and lesen to secure it in cold wallet. Read the bitcoin standard by saifedean ammous.
https://youtu.be/NWKNU58V_JA | r/Bitcoin | 2024-20-05 |
Is that a bit like my dad's share portfolio?
He inherited a large portfolio from my wealthy grandparents and it pays him out enough for him to live comfortably in his retirement.
I will then inherit the same portfolio.
I get a share of other people's work so that I never have to work again. It's a good deal tbh.
My grandfathers work is still paying for my dad's retirement and will pay for mine. I can hand it to my kids when I'm dead.
His labour wasn't stolen.
Inflation hasn't been a problem. Dividends rise in line. The dividends have long paid back the initial investment and will continue to pay out.
We never have to sell the shares. Why would you ever sell!
Is bitcoin like that? Although, you can't sell it infinitely so maybe it isn't. Sorry if I don't understand. | r/bitcoin | Is that a bit like my dad's share portfolio?
He inherited a large portfolio from my wealthy grandparents and it pays him out enough for him to live comfortably in his retirement.
I will then inherit the same portfolio.
I get a share of other people's work so that I never have to work again. It's a good deal tbh.
My grandfathers work is still paying for my dad's retirement and will pay for mine. I can hand it to my kids when I'm dead.
His labour wasn't stolen.
Inflation hasn't been a problem. Dividends rise in line. The dividends have long paid back the initial investment and will continue to pay out.
We never have to sell the shares. Why would you ever sell!
Is bitcoin like that? Although, you can't sell it infinitely so maybe it isn't. Sorry if I don't understand. | r/Bitcoin | 2024-20-05 |
Going back to finish my Environmental/Chemical Engineering degree starting this Fall at 32 years old. That’s what I’m currently using them for. | r/bitcoin | Going back to finish my Environmental/Chemical Engineering degree starting this Fall at 32 years old. That’s what I’m currently using them for. | r/Bitcoin | 2024-20-05 |
Depends on how much you borrowed. Ideally you don't borrow more than 10 to 20% of your stack at any given time so that even when it crashes you don't get liquidated to maintain collateral.
People make the mistake of borrowing way too much and then they lose it all when BTC crashes. | r/bitcoin | Depends on how much you borrowed. Ideally you don't borrow more than 10 to 20% of your stack at any given time so that even when it crashes you don't get liquidated to maintain collateral.
People make the mistake of borrowing way too much and then they lose it all when BTC crashes. | r/Bitcoin | 2024-20-05 |
They are reminiscent of each other. A difference would be in the layers of abstraction and counterparty risk. The shares are dependent on the companies staying profitable, staying in business, no government interference, ownership and custody, etc.
Bitcoin doesn't pay dividends but is not beholden to any of the other factors.
Labor is stolen if held in fiat currency. If it's in a portfolio either the value of the shares or the dividend increase must exceed monetary inflation or standard of living will decrease over time.
What I would worry about with a dividend portfolio is it is built on a debt based paradigm. That makes it fragile. I certainly wouldn't sell out of a situation like that, but would save in bitcoin to offset counterparty risk.
But, yeah, a dividend portfolio can help insulate from debasement. One way you could take a look at the risk it to check out the debt load on the comapany(s) in your portfolio. Do they have enough, in assets, to cover their debt at any time? As well as making sure the companies growth exceeds inflation. The closest way to measure inflation, imo, is in asserts inflation. Housing, s&p 500, art, etc. | r/bitcoin | They are reminiscent of each other. A difference would be in the layers of abstraction and counterparty risk. The shares are dependent on the companies staying profitable, staying in business, no government interference, ownership and custody, etc.
Bitcoin doesn't pay dividends but is not beholden to any of the other factors.
Labor is stolen if held in fiat currency. If it's in a portfolio either the value of the shares or the dividend increase must exceed monetary inflation or standard of living will decrease over time.
What I would worry about with a dividend portfolio is it is built on a debt based paradigm. That makes it fragile. I certainly wouldn't sell out of a situation like that, but would save in bitcoin to offset counterparty risk.
But, yeah, a dividend portfolio can help insulate from debasement. One way you could take a look at the risk it to check out the debt load on the comapany(s) in your portfolio. Do they have enough, in assets, to cover their debt at any time? As well as making sure the companies growth exceeds inflation. The closest way to measure inflation, imo, is in asserts inflation. Housing, s&p 500, art, etc. | r/Bitcoin | 2024-20-05 |
Don’t mind andrew and I watch a lot of his context but I don’t always agree with all his takes. Sometimes it seems like he doubles down on his position of exiting the western world purely because of pride and ego and then tries to convince us that life in “Uzbekistan” or something similar is better than in Canada or US. I mean maybe in some smaller aspects but hard to put a blanket comparison | r/bitcoin | Don’t mind andrew and I watch a lot of his context but I don’t always agree with all his takes. Sometimes it seems like he doubles down on his position of exiting the western world purely because of pride and ego and then tries to convince us that life in “Uzbekistan” or something similar is better than in Canada or US. I mean maybe in some smaller aspects but hard to put a blanket comparison | r/Bitcoin | 2024-20-05 |
I bought a Rolex GMT Master II a couple months ago. | r/bitcoin | I bought a Rolex GMT Master II a couple months ago. | r/Bitcoin | 2024-20-05 |
Curious how it's been obstructed given the fact that it has never been illegal? | r/bitcoin | Curious how it's been obstructed given the fact that it has never been illegal? | r/Bitcoin | 2024-20-05 |
Michael!!!!!!! | r/bitcoin | Michael!!!!!!! | r/Bitcoin | 2024-20-05 |
I’ll never take profits by selling. I’ve bridged some BTC to other applications to take out stablecoin loans with my BTC as collateral. Also used those loans to pool with BTC and earn interest. There’s literally no reason to ever sell bitcoin outright. | r/bitcoin | I’ll never take profits by selling. I’ve bridged some BTC to other applications to take out stablecoin loans with my BTC as collateral. Also used those loans to pool with BTC and earn interest. There’s literally no reason to ever sell bitcoin outright. | r/Bitcoin | 2024-20-05 |
Giving up custody of your BTC is unacceptable counterparty risk | r/bitcoin | Giving up custody of your BTC is unacceptable counterparty risk | r/Bitcoin | 2024-20-05 |
It depends on where you go and what you major in. My point is that you can't get the rigor of a mathematics or physical sciences major, nor the path to a graduate program in said major. If you want to write web apps, then sure, use ChatGPT. However, there are many degrees that are worth it.
Bias: I majored in math, CS, and finally, a PhD in CS. | r/bitcoin | It depends on where you go and what you major in. My point is that you can't get the rigor of a mathematics or physical sciences major, nor the path to a graduate program in said major. If you want to write web apps, then sure, use ChatGPT. However, there are many degrees that are worth it.
Bias: I majored in math, CS, and finally, a PhD in CS. | r/Bitcoin | 2024-20-05 |
HYSA is literally all I see in /r/PersonalFinanceCanada they in love with that shit not knowing theyre a slave to the system that continues to pillage their wealth yoy.. | r/bitcoin | HYSA is literally all I see in /r/PersonalFinanceCanada they in love with that shit not knowing theyre a slave to the system that continues to pillage their wealth yoy.. | r/Bitcoin | 2024-20-05 |
> and a 5k condo in Manhattan NY
please show me where I can find a 5k condo in Manhattan thanks | r/bitcoin | > and a 5k condo in Manhattan NY
please show me where I can find a 5k condo in Manhattan thanks | r/Bitcoin | 2024-20-05 |
Fixed it! 🤣 | r/bitcoin | Fixed it! 🤣 | r/Bitcoin | 2024-20-05 |
I’m not sure what you think happens to the dollar, but you may want to study what happened to the stock market when Weimar experienced their hyper inflation. Why would the US default on debt payments when they can just print more money? | r/bitcoin | I’m not sure what you think happens to the dollar, but you may want to study what happened to the stock market when Weimar experienced their hyper inflation. Why would the US default on debt payments when they can just print more money? | r/Bitcoin | 2024-20-05 |
My only strategy for selling is just derisking.. The only debt I carry is my house and to be honest it's financed at 3% so it's kinda stupid to pay it off, but around 150K I'll sell a couple of coins, enough to pay capital gains tax and then I'll pay my house off. That will allow me to sleep better while the remaining coins stay locked up | r/bitcoin | My only strategy for selling is just derisking.. The only debt I carry is my house and to be honest it's financed at 3% so it's kinda stupid to pay it off, but around 150K I'll sell a couple of coins, enough to pay capital gains tax and then I'll pay my house off. That will allow me to sleep better while the remaining coins stay locked up | r/Bitcoin | 2024-20-05 |
If it hits a million, I'm going to take out my original investment in fiat and take the kids to the south of france. Then let the rest ride. | r/bitcoin | If it hits a million, I'm going to take out my original investment in fiat and take the kids to the south of france. Then let the rest ride. | r/Bitcoin | 2024-20-05 |
Printing money exacerbates the problem with inflation. U.S. debt is $35 billion right now, the interest payments alone on that debt annually is about $1 trillion. To give some context, the U.S. only brings in about $4 trillion per year in tax revenue, so the interest payments are already 25% of the US income. Hell, the interest payment is higher than the U.S. military budget which ranges close to $800 billion. You can’t solve that problem by printing money, the inflation will get worse.
Currently the US is in a lose/lose scenario, and as the dollars buying power erodes, the less people and nations want to hold the dollar. The more people who stop holding the dollar, the more inflation we experience, and the less people will buy bonds. It’s a nasty cycle. Bitcoins biggest draw is that it’s sound money and provides a “flight to safety” as ceo of blackrock said, to get away from the failing dollar. | r/bitcoin | Printing money exacerbates the problem with inflation. U.S. debt is $35 billion right now, the interest payments alone on that debt annually is about $1 trillion. To give some context, the U.S. only brings in about $4 trillion per year in tax revenue, so the interest payments are already 25% of the US income. Hell, the interest payment is higher than the U.S. military budget which ranges close to $800 billion. You can’t solve that problem by printing money, the inflation will get worse.
Currently the US is in a lose/lose scenario, and as the dollars buying power erodes, the less people and nations want to hold the dollar. The more people who stop holding the dollar, the more inflation we experience, and the less people will buy bonds. It’s a nasty cycle. Bitcoins biggest draw is that it’s sound money and provides a “flight to safety” as ceo of blackrock said, to get away from the failing dollar. | r/Bitcoin | 2024-20-05 |
Hold it for the dip | r/bitcoin | Hold it for the dip | r/Bitcoin | 2024-20-05 |
Obstructed via banking only given to very few exchanges thus limiting market trade.
Obstructed by designation as a commodity making every transaction liable for tax assessment. | r/bitcoin | Obstructed via banking only given to very few exchanges thus limiting market trade.
Obstructed by designation as a commodity making every transaction liable for tax assessment. | r/Bitcoin | 2024-20-05 |
Without skilled management (and maybe even with it) that share portfolio will not likely last several generations without losing value.
With the rise of China and most wealth being created there- not in the west, shares cannot be expected to hold value over the next 25 years or even 10. | r/bitcoin | Without skilled management (and maybe even with it) that share portfolio will not likely last several generations without losing value.
With the rise of China and most wealth being created there- not in the west, shares cannot be expected to hold value over the next 25 years or even 10. | r/Bitcoin | 2024-20-05 |
Which banks loan you for btc? | r/bitcoin | Which banks loan you for btc? | r/Bitcoin | 2024-21-05 |
Regret and buy back higher | r/bitcoin | Regret and buy back higher | r/Bitcoin | 2024-21-05 |
Buncha blow | r/bitcoin | Buncha blow | r/Bitcoin | 2024-21-05 |
My job and my location. I want to tour the country with my bike and kayak. Bitcoin is making my dream come true years ahead of schedule. | r/bitcoin | My job and my location. I want to tour the country with my bike and kayak. Bitcoin is making my dream come true years ahead of schedule. | r/Bitcoin | 2024-21-05 |
Put it towards my crippling debt | r/bitcoin | Put it towards my crippling debt | r/Bitcoin | 2024-21-05 |
Lambo and yacht. | r/bitcoin | Lambo and yacht. | r/Bitcoin | 2024-21-05 |
I would sell parts of my bitcoin holdings to 1) rebalance my investment portfolio based on the asset allocation that fits my risk profile and 2) purchase goods and services which make me happier and my life easier. | r/bitcoin | I would sell parts of my bitcoin holdings to 1) rebalance my investment portfolio based on the asset allocation that fits my risk profile and 2) purchase goods and services which make me happier and my life easier. | r/Bitcoin | 2024-21-05 |
so no house and no wife | r/bitcoin | so no house and no wife | r/Bitcoin | 2024-21-05 |
Ok believe that and watch it continue to increase 50-150% then. That’s the beauty of life you can choose to have fun staying poor. | r/bitcoin | Ok believe that and watch it continue to increase 50-150% then. That’s the beauty of life you can choose to have fun staying poor. | r/Bitcoin | 2024-22-05 |
Sorry that was rude. I apologise. | r/bitcoin | Sorry that was rude. I apologise. | r/Bitcoin | 2024-22-05 |
Correct. | r/bitcoin | Correct. | r/Bitcoin | 2024-22-05 |
Buy the dip! | r/bitcoin | Buy the dip! | r/Bitcoin | 2024-23-05 |
I’ve seen on various headlines that 4 out of 5 miners use renewable energy and over 50% of miners are using green energy, but can’t seem to find a good peer reviewed study. Help me out | r/bitcoin | I’ve seen on various headlines that 4 out of 5 miners use renewable energy and over 50% of miners are using green energy, but can’t seem to find a good peer reviewed study. Help me out | r/Bitcoin | 2024-19-05 |
Thank you | r/bitcoin | Thank you | r/Bitcoin | 2024-20-05 |
Tell us. I'll start: I was a precious metal investor for almost 10 years and was gradually shifting toward bitcoin until I went full in. Full disclosure, I knew little about it and wish I never heard about previous profits made in gold and the gold bug narrative of doom and gloom. Over the years I learned more about what my intuition has brought me to. So I suppose character is fate, as I've always been conservative and calculated my money in month I had to work for it, i.e. what was left after costs.
In the meantime I oranged pilled quite a number of people and instructed them on how to use a hardware wallet et al. | r/bitcoin | Tell us. I'll start: I was a precious metal investor for almost 10 years and was gradually shifting toward bitcoin until I went full in. Full disclosure, I knew little about it and wish I never heard about previous profits made in gold and the gold bug narrative of doom and gloom. Over the years I learned more about what my intuition has brought me to. So I suppose character is fate, as I've always been conservative and calculated my money in month I had to work for it, i.e. what was left after costs.
In the meantime I oranged pilled quite a number of people and instructed them on how to use a hardware wallet et al. | r/Bitcoin | 2024-19-05 |
You can barter anything from penicillin to cigarettes if the shit hits the fan😀😀 | r/bitcoin | You can barter anything from penicillin to cigarettes if the shit hits the fan😀😀 | r/Bitcoin | 2024-20-05 |
Heard about it hear and there for a long time, never bought because I was in school and had little to no money, and get this, I also had no idea and it did not even occurred that you could buy less than 1 btc -_- .
Thought about buying some alts after 21's crash and that was it. | r/bitcoin | Heard about it hear and there for a long time, never bought because I was in school and had little to no money, and get this, I also had no idea and it did not even occurred that you could buy less than 1 btc -_- .
Thought about buying some alts after 21's crash and that was it. | r/Bitcoin | 2024-20-05 |
2018, won some bitcoin in a dead pool giveaway on Instagram OwO. | r/bitcoin | 2018, won some bitcoin in a dead pool giveaway on Instagram OwO. | r/Bitcoin | 2024-20-05 |
Everyone I spoke to about it told me Bitcoin is a scam. Everyone. However, I'm a contrarian so I did my due dilligence and now a semi-maxi. | r/bitcoin | Everyone I spoke to about it told me Bitcoin is a scam. Everyone. However, I'm a contrarian so I did my due dilligence and now a semi-maxi. | r/Bitcoin | 2024-21-05 |
Hi r/Bitcoin ! I have a few things to say for those newcomers who may have heard about crypto from a friend or family member and can't wrap their minds around what BTC is, whether it is safe, and what makes it valuable (even more importantly, whether it will increase in value or decrease in value).
As a mediocre investor, I asked myself the same questions. There are very simple answers to each of these concerns/fears with current-world-related scenarios to back up those answers.
**1. Value**
* Is paper money (fiat currency) valuable? The paper is only a contract between 2 people/entities that something is going to happen. You give a clerk a $20 and they understand that contract to give you gas in return. BTC works the exact same way. You give the salesperson 1BTC and he now has a contract to give you a car. Same as with a debit card, but far more secure (as long as you aren't stupid ...but we will talk security in a moment).
* These days, most people don't even touch paper when paying for things. We tap a phone, we slide a card, and we type numbers onto the screen from the card - sounds like digital money....sounds like BTC, right? When you log into your bank account, you're accessing the internet to see some pixels on a screen and you don't even see the paper it represents anymore. Your currency is already digital.
* Fiat, the paper, isn't valuable; The idea of the contract is where the value resides. BTC is valuable because of its purpose for trade of goods/services; just like fiat. BTC is valuable because it is decentralized. Decentralized currency, unlike fiat, benefits the consumers because it isn't a regulated, or regulatable, exchange. For example, the common person wouldn't have to worry about the government garnishing wages when paid by BTC. BTC is valuable because of its limited supply. The limited supply of BTC further increases its value because, unlike governments, only so much BTC will EVER exist. So, imagine, for a moment, that the government couldn't print any more money. The value of each dollar bill would drastically increase (basic supply and demand principles). *BTC is valuable.*
* But what happens if it gets stolen or worse - an apocalypse-like event takes the internet down - then what?! Easy......after an apocalyptic event, what value will your fiat $1 bill have? None. It will become fire-starter. So what's the difference?
**2. Security**
* In simple terms - BTC is safer than fiat in a bank. If someone steals your wallet and you had $1,000 in it, will you ever see those bills again? No. If someone steals BTC from you, will you ever see it again? No. If someone makes false charges on your debit card, will you see that money again? Yes, likely because your bank has insured your money to be safe against fraudulent charges. After a brief investigation, they will determine where the charges were made and who signed those receipts - and they will likely return the funds to your account. Great! How is BTC safer than that?! Because BTC can only be accessed by you unless you provide the means for someone else to access your funds. Simple. As long as you safeguard yourself against the phishing attempts of others, your BTC is safe. But you said safer than a BANK! Yes, because unlike a bank, BTC is operated globally and not locally. A bank chain is bound by governmental legislation. The blockchain, however, is not. It is run by every single person who uses it. The blockchain is impenetrable. Once adopted by everyone in the world as global currency, which isn't as far from becoming reality than you think, it would be impossible to "lose" it (again, unless you're stupid).
**3. What is BTC?**
* So, now we come to the answer we've all been waiting for; BTC is a global exchange for contracts between individuals for goods/services. It is a safer and less regulated vault for every single one of us. It is a revolution of the people against the governments and the unabashed control they have over our own money. It is the way of the future - as is the internet - and if you believe the internet knows no bounds as far as reach, value, and future impact, then you should know the same about BTC.
Finally, nothing said here is financial advice. This is my opinion. Additionally, my opinion is that if BTC is the future - then we are at the very early infancy stages of a new world currency with a limited supply. The demand is only going to grow. As of June 2023, only 81 million people own at least $1 worth of BTC. There are over 8 BILLION people on this planet. If you think $73k is the top - you are *sadly* mistaken. Again, this is *not financial advice*.
Good luck in life - peace. | r/bitcoin | Hi r/Bitcoin ! I have a few things to say for those newcomers who may have heard about crypto from a friend or family member and can't wrap their minds around what BTC is, whether it is safe, and what makes it valuable (even more importantly, whether it will increase in value or decrease in value).
As a mediocre investor, I asked myself the same questions. There are very simple answers to each of these concerns/fears with current-world-related scenarios to back up those answers.
**1. Value**
* Is paper money (fiat currency) valuable? The paper is only a contract between 2 people/entities that something is going to happen. You give a clerk a $20 and they understand that contract to give you gas in return. BTC works the exact same way. You give the salesperson 1BTC and he now has a contract to give you a car. Same as with a debit card, but far more secure (as long as you aren't stupid ...but we will talk security in a moment).
* These days, most people don't even touch paper when paying for things. We tap a phone, we slide a card, and we type numbers onto the screen from the card - sounds like digital money....sounds like BTC, right? When you log into your bank account, you're accessing the internet to see some pixels on a screen and you don't even see the paper it represents anymore. Your currency is already digital.
* Fiat, the paper, isn't valuable; The idea of the contract is where the value resides. BTC is valuable because of its purpose for trade of goods/services; just like fiat. BTC is valuable because it is decentralized. Decentralized currency, unlike fiat, benefits the consumers because it isn't a regulated, or regulatable, exchange. For example, the common person wouldn't have to worry about the government garnishing wages when paid by BTC. BTC is valuable because of its limited supply. The limited supply of BTC further increases its value because, unlike governments, only so much BTC will EVER exist. So, imagine, for a moment, that the government couldn't print any more money. The value of each dollar bill would drastically increase (basic supply and demand principles). *BTC is valuable.*
* But what happens if it gets stolen or worse - an apocalypse-like event takes the internet down - then what?! Easy......after an apocalyptic event, what value will your fiat $1 bill have? None. It will become fire-starter. So what's the difference?
**2. Security**
* In simple terms - BTC is safer than fiat in a bank. If someone steals your wallet and you had $1,000 in it, will you ever see those bills again? No. If someone steals BTC from you, will you ever see it again? No. If someone makes false charges on your debit card, will you see that money again? Yes, likely because your bank has insured your money to be safe against fraudulent charges. After a brief investigation, they will determine where the charges were made and who signed those receipts - and they will likely return the funds to your account. Great! How is BTC safer than that?! Because BTC can only be accessed by you unless you provide the means for someone else to access your funds. Simple. As long as you safeguard yourself against the phishing attempts of others, your BTC is safe. But you said safer than a BANK! Yes, because unlike a bank, BTC is operated globally and not locally. A bank chain is bound by governmental legislation. The blockchain, however, is not. It is run by every single person who uses it. The blockchain is impenetrable. Once adopted by everyone in the world as global currency, which isn't as far from becoming reality than you think, it would be impossible to "lose" it (again, unless you're stupid).
**3. What is BTC?**
* So, now we come to the answer we've all been waiting for; BTC is a global exchange for contracts between individuals for goods/services. It is a safer and less regulated vault for every single one of us. It is a revolution of the people against the governments and the unabashed control they have over our own money. It is the way of the future - as is the internet - and if you believe the internet knows no bounds as far as reach, value, and future impact, then you should know the same about BTC.
Finally, nothing said here is financial advice. This is my opinion. Additionally, my opinion is that if BTC is the future - then we are at the very early infancy stages of a new world currency with a limited supply. The demand is only going to grow. As of June 2023, only 81 million people own at least $1 worth of BTC. There are over 8 BILLION people on this planet. If you think $73k is the top - you are *sadly* mistaken. Again, this is *not financial advice*.
Good luck in life - peace. | r/Bitcoin | 2024-19-05 |
Very true, cryptocurrencies will play a very important role in the future and may even directly replace currencies. | r/bitcoin | Very true, cryptocurrencies will play a very important role in the future and may even directly replace currencies. | r/Bitcoin | 2024-20-05 |
Yea, real assets | r/bitcoin | Yea, real assets | r/Bitcoin | 2024-20-05 |
I am currently setting up a new Full Node and Lightning wallet in one and downloading the blockchain. After a day and a half, the Lightning downlod is at 47%. The blockchain is only 7% downloaded. Is that normal? I have a 50k internet connection. Did it take that long for you too? | r/bitcoin | I am currently setting up a new Full Node and Lightning wallet in one and downloading the blockchain. After a day and a half, the Lightning downlod is at 47%. The blockchain is only 7% downloaded. Is that normal? I have a 50k internet connection. Did it take that long for you too? | r/Bitcoin | 2024-19-05 |
Let's be a little more honest though, we used to have bootstrap downloads via torrents for getting nodes started so you could download most of the blockchain quickly and then sync just the last week worth of transactions, but during the blocksize war they removed the ability to bootstrap core nodes arguing that everything should sync from node to node. The actual file size isn't particularly large and shouldn't take anybody weeks to download on a modern internet connection but even now the nodes just don't work as well to transfer a large file like dedicated file transfer protocols. | r/bitcoin | Let's be a little more honest though, we used to have bootstrap downloads via torrents for getting nodes started so you could download most of the blockchain quickly and then sync just the last week worth of transactions, but during the blocksize war they removed the ability to bootstrap core nodes arguing that everything should sync from node to node. The actual file size isn't particularly large and shouldn't take anybody weeks to download on a modern internet connection but even now the nodes just don't work as well to transfer a large file like dedicated file transfer protocols. | r/Bitcoin | 2024-20-05 |
15 years of transactions? Yes, this is normal.. | r/bitcoin | 15 years of transactions? Yes, this is normal.. | r/Bitcoin | 2024-20-05 |
I don't think it is a good idea to set up the Lightning node until the Bitcoin node is sync'd, but who knows. What I do know is that 7% in 1 1/2 days seems slow. Are you using a fast SSD? The disk is often the bottleneck because Bitcoin needs to verify everything and index it, not just download it, and it needs to read and write to and from disk a lot to do so. | r/bitcoin | I don't think it is a good idea to set up the Lightning node until the Bitcoin node is sync'd, but who knows. What I do know is that 7% in 1 1/2 days seems slow. Are you using a fast SSD? The disk is often the bottleneck because Bitcoin needs to verify everything and index it, not just download it, and it needs to read and write to and from disk a lot to do so. | r/Bitcoin | 2024-21-05 |
I thought they were on the metric system. Why use it for everything except bandwidth? | r/bitcoin | I thought they were on the metric system. Why use it for everything except bandwidth? | r/Bitcoin | 2024-21-05 |
I don't think there is metric for that yet | r/bitcoin | I don't think there is metric for that yet | r/Bitcoin | 2024-21-05 |
2 days, and yes you are downloading the entire Bitcoin ledger to your node | r/bitcoin | 2 days, and yes you are downloading the entire Bitcoin ledger to your node | r/Bitcoin | 2024-21-05 |
Yes, downloading the blockchain for a full node can take a while, especially with a 50k internet connection. It depends on factors like network speed, your computer’s hardware, and the blockchain size (which is massive). It’s normal for this process to take several days, so hang in there—once it’s done, future updates will be much faster. I learn these from [godypto.com](http://godypto.com) and [milkroad.com](http://milkroad.com) | r/bitcoin | Yes, downloading the blockchain for a full node can take a while, especially with a 50k internet connection. It depends on factors like network speed, your computer’s hardware, and the blockchain size (which is massive). It’s normal for this process to take several days, so hang in there—once it’s done, future updates will be much faster. I learn these from [godypto.com](http://godypto.com) and [milkroad.com](http://milkroad.com) | r/Bitcoin | 2024-03-06 |
r/bitcoin | r/Bitcoin | 2024-19-05 |
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Your submission has been flagged for removal because conducting trades is not permitted on the Bitcoin subreddit due to high prevalence of scams. Thank you for understanding.
^^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 conducting trades is not permitted on the Bitcoin subreddit due to high prevalence of scams. Thank you for understanding.
^^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 | 2024-23-05 |
seems like ledger is popular but have tough time without knowing how seed is generated and not open source, , looking for open source wallets. I know unstoppable is open source i think, electrum , i heard there are versions of some guarda wallets open source ? Wondering if there is any more open source third party wallets ? besides core, and wallets u could code yourself | r/bitcoin | seems like ledger is popular but have tough time without knowing how seed is generated and not open source, , looking for open source wallets. I know unstoppable is open source i think, electrum , i heard there are versions of some guarda wallets open source ? Wondering if there is any more open source third party wallets ? besides core, and wallets u could code yourself | r/Bitcoin | 2024-20-05 |
It is great provided people understand the security tradeoffs involved. | r/bitcoin | It is great provided people understand the security tradeoffs involved. | r/Bitcoin | 2024-20-05 |
wiTHoUt kNoWinG hOw sEEd iS gENEraTeD
[https://support.ledger.com/hc/en-us/articles/4415198323089-How-Ledger-device-generates-24-word-recovery-phrase?docs=true](https://support.ledger.com/hc/en-us/articles/4415198323089-How-Ledger-device-generates-24-word-recovery-phrase?docs=true) | r/bitcoin | wiTHoUt kNoWinG hOw sEEd iS gENEraTeD
[https://support.ledger.com/hc/en-us/articles/4415198323089-How-Ledger-device-generates-24-word-recovery-phrase?docs=true](https://support.ledger.com/hc/en-us/articles/4415198323089-How-Ledger-device-generates-24-word-recovery-phrase?docs=true) | r/Bitcoin | 2024-20-05 |
Today I fired up an Apollo II mining rig with node.
Before the DM hate influx, I know I’m unlikely to be profitable in any meaningful way at all. This is just my very small way to more fully support the project/community since I have zero coding experience and not a ton of technical know how.
| r/bitcoin | Today I fired up an Apollo II mining rig with node.
Before the DM hate influx, I know I’m unlikely to be profitable in any meaningful way at all. This is just my very small way to more fully support the project/community since I have zero coding experience and not a ton of technical know how.
| r/Bitcoin | 2024-20-05 |
*proceeds to hit a block solo mining* | r/bitcoin | *proceeds to hit a block solo mining* | r/Bitcoin | 2024-20-05 |
My house is solar powered.
This is a combo rig/node.
Appreciate the “feedback” | r/bitcoin | My house is solar powered.
This is a combo rig/node.
Appreciate the “feedback” | r/Bitcoin | 2024-20-05 |
Command the sun to make you bitcoin, I like it. | r/bitcoin | Command the sun to make you bitcoin, I like it. | r/Bitcoin | 2024-20-05 |
This is super cool, hopefully you can share som progress with us going forward! :) | r/bitcoin | This is super cool, hopefully you can share som progress with us going forward! :) | r/Bitcoin | 2024-22-05 |
r/bitcoin | r/Bitcoin | 2024-20-05 |
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I think the one that set apart what he said from every other Bitcoiner was that Bitcoin is the first money that doesn't recognize people.
In the future of AI and robots, machines will be using Bitcoin to pay each other or people. | r/bitcoin | I think the one that set apart what he said from every other Bitcoiner was that Bitcoin is the first money that doesn't recognize people.
In the future of AI and robots, machines will be using Bitcoin to pay each other or people. | r/Bitcoin | 2024-20-05 |
He is less of an influencer and more an educator. He's already insanely wealthy; he just teaches Bitcoin and how it works. | r/bitcoin | He is less of an influencer and more an educator. He's already insanely wealthy; he just teaches Bitcoin and how it works. | r/Bitcoin | 2024-20-05 |
Yep. Andreas was THE reason I finally started buying BTC in 2017. He’s a Bitcoin hero. | r/bitcoin | Yep. Andreas was THE reason I finally started buying BTC in 2017. He’s a Bitcoin hero. | r/Bitcoin | 2024-20-05 |
I was lucky to have Andreas be the first person I listened to in the Bitcoin space. He convinced me very fast, and made me research more on the right premises.
To bad his not as prominent figure anymore. Theres a lot of shitty so called "bitcoin experts" on youtube etc. that pop up long before him when newcomers go searching for the first time. | r/bitcoin | I was lucky to have Andreas be the first person I listened to in the Bitcoin space. He convinced me very fast, and made me research more on the right premises.
To bad his not as prominent figure anymore. Theres a lot of shitty so called "bitcoin experts" on youtube etc. that pop up long before him when newcomers go searching for the first time. | r/Bitcoin | 2024-20-05 |
The video of Andreas presenting Bitcoin at a dinner party undoubtedly changed my life.
https://www.youtube.com/watch?v=JP9-lAYngi4 | r/bitcoin | The video of Andreas presenting Bitcoin at a dinner party undoubtedly changed my life.
https://www.youtube.com/watch?v=JP9-lAYngi4 | r/Bitcoin | 2024-20-05 |
For me, it's Blocktrainer in Germany. Really mind blowing. His website is available in english too. | r/bitcoin | For me, it's Blocktrainer in Germany. Really mind blowing. His website is available in english too. | r/Bitcoin | 2024-20-05 |
Yes, this. This talk got me going back in 2017. So good. | r/bitcoin | Yes, this. This talk got me going back in 2017. So good. | r/Bitcoin | 2024-20-05 |
Never heard of Bitcoin University will check him out. I've also been watching alot of Fred Krueger. | r/bitcoin | Never heard of Bitcoin University will check him out. I've also been watching alot of Fred Krueger. | r/Bitcoin | 2024-20-05 |
If you don’t know Bitcoin University go ahead and binge watch him. Super expert, super maxi, he makes short, clear, concise and precise clips. I learned a ton from him. | r/bitcoin | If you don’t know Bitcoin University go ahead and binge watch him. Super expert, super maxi, he makes short, clear, concise and precise clips. I learned a ton from him. | r/Bitcoin | 2024-20-05 |
Also Swan Bitcoin (a channel I follow daily) often reference to Bitcoin University for explanation | r/bitcoin | Also Swan Bitcoin (a channel I follow daily) often reference to Bitcoin University for explanation | r/Bitcoin | 2024-20-05 |
“There are no servers, only clients” | r/bitcoin | “There are no servers, only clients” | r/Bitcoin | 2024-20-05 |
I’m Matthew…………………Kratter. | r/bitcoin | I’m Matthew…………………Kratter. | r/Bitcoin | 2024-20-05 |
Go see him speak. He is equally powerful in person, if not moreso. | r/bitcoin | Go see him speak. He is equally powerful in person, if not moreso. | r/Bitcoin | 2024-20-05 |
I signed up to be notified of his speaking next engagements. Would love to hear him speak, his humor is hilarious but not many laugh it seems. | r/bitcoin | I signed up to be notified of his speaking next engagements. Would love to hear him speak, his humor is hilarious but not many laugh it seems. | r/Bitcoin | 2024-20-05 |
Andreas is like the Bitcoin 'everyman'.
He is not an ideological maxi like so many prominent members of the community.
Many of these people are more interested in pushing their ideology (e.g. libertarians) than bitcoin.
Andreas is all about the protocol and what it means for ordinary people. | r/bitcoin | Andreas is like the Bitcoin 'everyman'.
He is not an ideological maxi like so many prominent members of the community.
Many of these people are more interested in pushing their ideology (e.g. libertarians) than bitcoin.
Andreas is all about the protocol and what it means for ordinary people. | r/Bitcoin | 2024-20-05 |
He is the god dam man! | r/bitcoin | He is the god dam man! | r/Bitcoin | 2024-20-05 |
Nobody going to mention? "Not your keys, not your coins." he's famous for coining the phrase. | r/bitcoin | Nobody going to mention? "Not your keys, not your coins." he's famous for coining the phrase. | r/Bitcoin | 2024-20-05 |
He onboarded and convinced me that bitcoin was real and unstoppable. He talked about everything bitcoin except price. Very knowledgeable, extremely tech savvy. My respects wherever you are Mr Andreas. | r/bitcoin | He onboarded and convinced me that bitcoin was real and unstoppable. He talked about everything bitcoin except price. Very knowledgeable, extremely tech savvy. My respects wherever you are Mr Andreas. | r/Bitcoin | 2024-21-05 |
Not true. https://qz.com/1151233/andreas-antonopoulos-got-1-5-million-in-bitcoin-donations-after-roger-ver-bitshamed-him | r/bitcoin | Not true. https://qz.com/1151233/andreas-antonopoulos-got-1-5-million-in-bitcoin-donations-after-roger-ver-bitshamed-him | r/Bitcoin | 2024-21-05 |
He's a fuckin legend | r/bitcoin | He's a fuckin legend | r/Bitcoin | 2024-21-05 |
Didn't know that. So seven years ago he got 100 Bitcoin in addition to whatever he already had (regardless of what he claimed to have). And I assume he's continued to make money in the meantime. By my math and standards, he's at least "rich". | r/bitcoin | Didn't know that. So seven years ago he got 100 Bitcoin in addition to whatever he already had (regardless of what he claimed to have). And I assume he's continued to make money in the meantime. By my math and standards, he's at least "rich". | r/Bitcoin | 2024-21-05 |
When I first got in to Bitcoin, I watched his talk, The Stories We Tell About Money, basically on repeat whenever I could. I share that talk with anyone who will listen and prefer to watch him talk about Bitcoin over everybody else. And like everyone else is saying, he’s the reason I started buying and HODLing with confidence. | r/bitcoin | When I first got in to Bitcoin, I watched his talk, The Stories We Tell About Money, basically on repeat whenever I could. I share that talk with anyone who will listen and prefer to watch him talk about Bitcoin over everybody else. And like everyone else is saying, he’s the reason I started buying and HODLing with confidence. | r/Bitcoin | 2024-21-05 |
If that is the reference, then it is confirmed, I have been in BTC like a whole cycle longer than you. And no, I will never be a fanatic, you and your lot are the liability. | r/bitcoin | If that is the reference, then it is confirmed, I have been in BTC like a whole cycle longer than you. And no, I will never be a fanatic, you and your lot are the liability. | r/Bitcoin | 2024-21-05 |
You history and your dumb questions and comments say otherwise.
Believe me, you will be a bitcoiner. All of you shitcoiners will at some point. If not, nature will get rid of you. Thats natural selection. | r/bitcoin | You history and your dumb questions and comments say otherwise.
Believe me, you will be a bitcoiner. All of you shitcoiners will at some point. If not, nature will get rid of you. Thats natural selection. | r/Bitcoin | 2024-21-05 |
I guess, being a cycle behind, my questions must seem dumb to you. Don't dispair. | r/bitcoin | I guess, being a cycle behind, my questions must seem dumb to you. Don't dispair. | r/Bitcoin | 2024-21-05 |
Im 28m, and heard about Bitcoin in 2018 shortly after I got out of prison. At the time I was getting my life back together I was saving money and I had 1 bitcoin at one time. I sold it to at some point because I thought I wanted to be a real estate investor as it was an option I could pursue with my criminal background limiting my job opportunities.
I didn't know the first thing about bitcoin or crypto, I even conflated Bitcoin with Coinbase and dismissed it as a scam when I had trouble selling it on Coinbase and withdrawing my money. I started investing in real estate buying single family and renting them out. Covid hit and tenants stopped paying rent, luckily for me I got them to sign up for rental assistance and it was peak of market and ended up selling all my properties 2021. So I ended up with a bunch of cash and needed to do something with it. I told myself I wanted to double my money each year for the next 10 years to become a millionaire by 35.
I looked up everything, every strategy, every investment, history, economics, federal reserve, just went down a rabbit hole and somehow came back to bitcoin. It just offered me the best opportunity and I see it having the best probability of being a very valuable asset 20-30 years from now. I live very modest, have a family, and I really just need the most flexibility and liberty in my life and bitcoin offers me the best tool for the lifestyle I want.
In 2022 I went all in on Bitcoin and have been DCAing since. The past two years I have doubled my net-worth each year. I have a second home in MX, my primary residence, and Bitcoin. 2 beater cars, use my credit cards on a daily, I make about $75k a year between full time job and side businesses. I would be open to diversifying my self custody into BTC ETFs and companies just cause the only threat I see to bitcoin is not being able to exchange for my local currency. However unlikely I think it will be, in 20 years from now it might be throw away money for me I hope. | r/bitcoin | Im 28m, and heard about Bitcoin in 2018 shortly after I got out of prison. At the time I was getting my life back together I was saving money and I had 1 bitcoin at one time. I sold it to at some point because I thought I wanted to be a real estate investor as it was an option I could pursue with my criminal background limiting my job opportunities.
I didn't know the first thing about bitcoin or crypto, I even conflated Bitcoin with Coinbase and dismissed it as a scam when I had trouble selling it on Coinbase and withdrawing my money. I started investing in real estate buying single family and renting them out. Covid hit and tenants stopped paying rent, luckily for me I got them to sign up for rental assistance and it was peak of market and ended up selling all my properties 2021. So I ended up with a bunch of cash and needed to do something with it. I told myself I wanted to double my money each year for the next 10 years to become a millionaire by 35.
I looked up everything, every strategy, every investment, history, economics, federal reserve, just went down a rabbit hole and somehow came back to bitcoin. It just offered me the best opportunity and I see it having the best probability of being a very valuable asset 20-30 years from now. I live very modest, have a family, and I really just need the most flexibility and liberty in my life and bitcoin offers me the best tool for the lifestyle I want.
In 2022 I went all in on Bitcoin and have been DCAing since. The past two years I have doubled my net-worth each year. I have a second home in MX, my primary residence, and Bitcoin. 2 beater cars, use my credit cards on a daily, I make about $75k a year between full time job and side businesses. I would be open to diversifying my self custody into BTC ETFs and companies just cause the only threat I see to bitcoin is not being able to exchange for my local currency. However unlikely I think it will be, in 20 years from now it might be throw away money for me I hope. | r/Bitcoin | 2024-20-05 |
Hmm if that's true he's going right back to the shitters pretty soon 🤣😂 | r/bitcoin | Hmm if that's true he's going right back to the shitters pretty soon 🤣😂 | r/Bitcoin | 2024-20-05 |
Hey it can happen he just own the lottery last week 🤣😂 | r/bitcoin | Hey it can happen he just own the lottery last week 🤣😂 | r/Bitcoin | 2024-20-05 |
Ya here is one: look up FHA, USDA, or VA loans….you need at 620 credit score, and $15k cash to get started just about anywhere in the U.S. a lot of people also skip the part where I bought a property in MX for cash, where the dollar can buy you a lot more. And if anyone has been paying attention, real estate has been inflating 20% yoy in some locations. | r/bitcoin | Ya here is one: look up FHA, USDA, or VA loans….you need at 620 credit score, and $15k cash to get started just about anywhere in the U.S. a lot of people also skip the part where I bought a property in MX for cash, where the dollar can buy you a lot more. And if anyone has been paying attention, real estate has been inflating 20% yoy in some locations. | r/Bitcoin | 2024-20-05 |
Why are you joining in on the “I remember what happened in December 2022… do you somehow not” train? Yes, I remember it being at 16k.
OP was confused how someone would come to the conclusion that he has around 15-16 bitcoin. If bitcoin made you a millionaire, you’d think you’d know how it did. | r/bitcoin | Why are you joining in on the “I remember what happened in December 2022… do you somehow not” train? Yes, I remember it being at 16k.
OP was confused how someone would come to the conclusion that he has around 15-16 bitcoin. If bitcoin made you a millionaire, you’d think you’d know how it did. | r/Bitcoin | 2024-20-05 |
Lol | r/bitcoin | Lol | r/Bitcoin | 2024-20-05 |
Never said I couldn’t find a job my guy. Never said didn’t put money down either. Never said I have 15 coins. Bitcoin made me a millionaire cause it’s doubled my net work twice the past two years. Your net worth= assets - liabilities. Between home, property in MX, job, side business, and Bitcoin. I’m a millionaire. But it was mainly Bitcoin that shot up my net worth. | r/bitcoin | Never said I couldn’t find a job my guy. Never said didn’t put money down either. Never said I have 15 coins. Bitcoin made me a millionaire cause it’s doubled my net work twice the past two years. Your net worth= assets - liabilities. Between home, property in MX, job, side business, and Bitcoin. I’m a millionaire. But it was mainly Bitcoin that shot up my net worth. | r/Bitcoin | 2024-20-05 |
Haha I did have some money set aside before I went to prison. But it only took $15k to get started. One only needs 3.5% down to buy a home. | r/bitcoin | Haha I did have some money set aside before I went to prison. But it only took $15k to get started. One only needs 3.5% down to buy a home. | r/Bitcoin | 2024-20-05 |
No, the intention was to show that anyone can build wealth. Despite my personal experience and setbacks, I credit most of my wealth to Bitcoin. My personal story just highlights that you come back to Bitcoin after going down the rabbit hole. And if you strategically make moves to acquire more bitcoin, anyone can double their net worth over the course of a cycle | r/bitcoin | No, the intention was to show that anyone can build wealth. Despite my personal experience and setbacks, I credit most of my wealth to Bitcoin. My personal story just highlights that you come back to Bitcoin after going down the rabbit hole. And if you strategically make moves to acquire more bitcoin, anyone can double their net worth over the course of a cycle | r/Bitcoin | 2024-20-05 |
Right now, I’m at a cap as far as leverage and income. So for the next year, I’m kinda gambling on Bitcoin to reach $120k and that will be another double for the year. After that I would need to sell a business or bitcoin goes parabolic | r/bitcoin | Right now, I’m at a cap as far as leverage and income. So for the next year, I’m kinda gambling on Bitcoin to reach $120k and that will be another double for the year. After that I would need to sell a business or bitcoin goes parabolic | r/Bitcoin | 2024-20-05 |
As soon as anyone even says the words "real estate" I fucking throw up in my mouth and instantly dismiss anything they might say from that point on as the truth. | r/bitcoin | As soon as anyone even says the words "real estate" I fucking throw up in my mouth and instantly dismiss anything they might say from that point on as the truth. | r/Bitcoin | 2024-21-05 |