Bitcoin - The Currency of the Internet

The original post: /r/bitcoin by /u/BitcoinLibertarian on 2024-11-15 05:02:08.

Is Jay Clayton going to hurt bitcoin?

His appointment doesn't seem to bode well for the Trump administration's "crypto friendly" policies.

Thoughts?

The original post: /r/bitcoin by /u/Lanks803 on 2024-11-15 04:50:56.

I believe in this I just want to maximize what I’ve stupidly been sitting on before this fiat rots away. I live at home right now with a good government job for reference so I at least have guaranteed income and employment. Please any guidance is greatly appreciated I’m 21 and really looking to get a step in the currency of the future. Edit should’ve said invest in title lol sorry

The original post: /r/bitcoin by /u/BENshakalaka on 2024-11-15 04:27:40.

The original post: /r/bitcoin by /u/Cupcake_Shake on 2024-11-15 03:46:09.

I've had an autobuy setup in Robin hood for some time. But it concerns me that I don't really own the bitcoin there do I? If anything it's more like I'm betting on bitcoin.

What is the most reasonable way to actually create my own wallet and buy bitcoin, and avoid losing the wallet due to some password fiasco?

Thank you guys so much!

The original post: /r/bitcoin by /u/benitoblanco888 on 2024-11-15 03:34:32.

And so it begins

The original post: /r/bitcoin by /u/_IscoATX on 2024-11-15 03:11:28.

One of the arguments I see for BTC as an asset is that you can hold it indefinitely and take a loan with some percentage of it as collateral. Like you would with a home equity loan, or a stock portfolio.

Do any of y’all have any experience with this?

How does this work when you have no insurance from the lender (BlockFi crashing out). Is there a way to take these without “temporarily” giving your bitcoin away?

Or is it a matter of market adoption till it becomes a viable option?

The original post: /r/bitcoin by /u/Confident_pillowcase on 2024-11-15 03:08:37.

Per the title… Actually how?

I’m a relatively new investor to Bitcoin despite knowing about it for years, a few months ago I deep dived this sub and orange pilled myself which I’m very thankful for. I’m at 3.2 BTC with an average cost basis of 90K per coin AUD (so around 58K for you American folks)

I can’t, for the life of me get a good night sleep because I’m up every couple of hours checking price, checking sentiment on various websites, checking back here to see if Saylor bought more, waiting for the news to properly catch on about the BTC Reserves supposedly happening in the US and hopefully game theory after that.

I feel like I’m going fucking crazy. My sleep cycle is completely fucked, and the sleep that I do get isn’t deep or REM, it’s shitty light sleep that I’m half conscious for. My sympathetic nervous system is throwing shots of cortisol and adrenaline at me for hours upon hours while I’m in bed trying to fall asleep, with fucking red/green candles and percentages fully occupying my frontal cortex

Don’t get me wrong, I love making money, but how do you guys detach your brain from your wallets when it comes time to sleep? How do you make peace with the volatility of Bitcoin and let yourself go for 8/10 hours without knowing the price to get sleep?

I’m hesitant to seek sleeping pills because that shit is addictive, melatonin in ineffective with me and I’m currently on Magnesium supps which help a bit, but they don’t ultimately address the underlying problem (being my chattering, bitch of a brain)

What methods/therapies do you guys use for reprieve?

The original post: /r/bitcoin by /u/Loyal_Sword on 2024-11-15 02:41:58.

Hello I’m here because I’m looking for some advice to start out in bitcoin I’ve been looking at it over the last few months on PayPal and seen how it’s increasing. So I wanted to try getting started before it’s to late and I wanted to ask how I should start investing and how much I should go in. This would be the first time in investing into anything so that’s why PayPal is currently my main use for money transfers.

The original post: /r/bitcoin by /u/Phoenix-RisenFromAsh on 2024-11-15 02:29:50.

Shocked at how much bitcoin blew up I was a little confused how it was $125k and people weren’t freaking out more. Then I realized I’m an idiot and forgot about USD/CAD conversion, I didn’t realize it changed so much in the last few years. I’m stoned right now so I had to map this out after doing some googling. I know this is obvious stuff, but breaking it down for myself was a good reminder and thought I’d share. With trump as president and his commitment to his country, the US economy will probably perform really well which will increase the value of the USD lowering the buying power of CAD. At the very least the economy Trudeau has created simply means our money will continue to go to shit. More useless every day. Just another reason to put your money into bitcoin. Even if you sell at what you bought at you’re still winning cause the value was frozen in comparison to the USD value on bitcoin. Maybe I’m just too ripped… anyways, here’s my breakdown for myself.

Since you bought Bitcoin with Canadian dollars (CAD), the value of your Bitcoin in CAD depends on both the Bitcoin price in USD and the USD/CAD exchange rate. When the USD/CAD exchange rate changes, it can either increase or decrease the value of your Bitcoin in CAD.

• Example: If Bitcoin rises in USD but the USD/CAD exchange rate weakens (i.e., CAD strengthens against USD), the value of your Bitcoin in CAD could be less than you expect, because the CAD can now buy more USD.

• Conversely, if the USD strengthens against the CAD, even if Bitcoin’s price in USD stays the same, your Bitcoin could be worth more in CAD.

The original post: /r/bitcoin by /u/verbesserung on 2024-11-15 02:18:29.

The original post: /r/bitcoin by /u/Far-Run-3677 on 2024-11-15 02:06:54.

19 just getting into cryptocurrency and was wondering if i could get some tips from ya’ll. Should I buy bitcoin? When should I buy? Any tips ideas where to invest let me know please! Any help is appreciated! Thank you in advance.

The original post: /r/bitcoin by /u/Actual_Battle_9587 on 2024-11-15 02:00:40.

Back in the day I bought ounces of weed with bitcoin when it was $100. When I realized it might actually be something I had my finger on the buy button for 7 coins at $300 each. Would I have held till today? No, but I'd have a lot more money than I do today.

The original post: /r/bitcoin by /u/Several_Print4633 on 2024-11-15 01:51:34.

The original post: /r/bitcoin by /u/MoneyFlusher1 on 2024-11-15 01:49:46.

Hello Reddit!

Right now I am 17 and have a little over 350 dollars in my checking account (also 1400 in savings and investments). Since I am new to Bitcoin, I only have around 80 dollars (about 0.0008 BTC) to my name. I'm wondering a few things:

1. How much should I DCA? I only make around 1-200 a month from chores right now, 100 of which goes to my current investing and savings, but I am trying to get a job for more money.
2. Should I have a minimum amount of Bitcoin (0.001, 0.01) in my account despite DCA? I think simply DCAing would be good but I also don't want to miss out on potential gains, nor lose my money (I might've answered my own question but I want to make sure). If not, are there any good goals to set for holdings?
3. What are some good resources to learn more about Bitcoin? I've been interested in the topic since middle school, and I have a fair idea how it works, but I want to fill in the cracks and dive deeper.
4. Is a Ledger Nano S with Sparrow + Bitcoin Core a good starter setup? I already have the Nano btw

Thanks for any help! I am probably very stupid when it comes to investing Bitcoin but I'd love to hear what you guys have to say :)

The original post: /r/bitcoin by /u/BURNTtoastzzz on 2024-11-15 01:26:48.

As the title says, got a pinch of luck when buying in a day before BTC started to skyrocket again….which obviously makes me wanna keep pushing bits in here and there to keep upping the numbers…but being that it’s pushing ATH every day…(and forgive me, I’m a noob) I figured I would wait around a while until it starts to take some big drops again, keep up saving in the mean time, and then plug away when it seems better to buy in.

Apologies again, I feel all of this^ is such a no-brainer for you gurus out there, but yeah, I heard someone say “FOMO” regarding the rocket to the moon that BTC is on right now, and I totally get that. This morning I was staring at Coinbase for 20 minutes hoping it would drop to a daily low, as if that would have made any big difference in the portfolio numbers had I actually decided to buy in against my aforementioned opinions.

Essentially, after today, Im going to wait on putting any more $$$ into BTC until I:

(1) have more $$$ saved up, and also wait for my soon-to-be-matured CD to “unlock” and do the same - plug that $$$ to BTC when it looks to be going down. For context, I am an engineer 2 years into my career, so not a whole of savings just yet, as I come from a lower class, low income family, otherwise I would be trickling $$$ into BTC here and there.

And also:

(2) can see some “bullish” moves from BTC.

I am a new investor, so much of this may seem trivial to many of you, however I figured I would share to get any insight from you BTC astronauts out there, and hopefully offer some inspiration to those who I see making risky business moves for the sake of jumping on a rocket-ship.

Cheers!

The original post: /r/bitcoin by /u/StandardOk5268 on 2024-11-15 01:26:42.

So I’m 17 and I’ve been in bitcoin since 2021. I’ve seen it drop from £50k to £18k and in the last bear market I somehow found a job with a guy paying in bitcoin so I managed to get a decent amount nothing crazy. Im in bitcoin for life and I’ve now started a job in fast food which is minimum wage. I want to put a lot of my money in bitcoin as I don’t like banks and their whole system and the guy I worked for taught me about why it is superior to fiat. I don’t want to buy now as it’s too high but I also don’t want to leave my money in the bank and there is nothing I need to pay or want to buy apart from bitcoin. I’m never going to sell with the only exception I told myself since 2021 is if I ever need a house which of course you need somewhere to live. So my advice is should I buy now and if so what exchange for no kyc as my old one simplex stopped serving UK. as I know bitcoin will go up in the long term and I’m starting to not care about price as I know how bad fiat money is it better to wait or just keep DCA? And when I was working it was at low price in 2022/23. I know from last experience seeing money go down from price of 50k to 18k but seen it improve in 4 years. And for anyone asking I do have a cold wallet.

The original post: /r/bitcoin by /u/GuruKid87 on 2024-11-15 01:23:48.

All in on the idea of the US holding Bitcoin on its balance sheet. But if the end goal is to *switch* entirely to a hard money system, the government needs to start taxing in Bitcoin.

1. It's how any currency gets its value in the first place. Good explanation here: https://u.osu.edu/extensioncd/2018/01/04/why-money-has-value-and-the-national-debt/#:~:text=The%20answer%20to%20these%20questions,and%20then%20strike%20a%20deal.

2. US debt/gdp is high enough already. Adding Bitcoin might improve the capital account of the US treasury but in the short term it'll be more printing, higher debt and inflation.

3. Taxing everyone 0.001 BTC would be a very small amount but would incentivize all taxpayers to have a wallet and trade their $ for BTC. It would set the first real world value to Bitcoin in terms of denomination.

The original post: /r/bitcoin by /u/Key_Friendship_6767 on 2024-11-15 01:10:59.

I think it will be hilarious once the butters pay taxes for the 2024 year (in 2025) and there is a super high chance some of their dollars go to buying bitcoin for our strategic reserve. They run, hide, and scream but the big bad bitcoin is coming to get them. Will be a beautiful day when it arrives. Full panic is coming for some

The original post: /r/bitcoin by /u/PKfire_All_Day on 2024-11-15 01:10:11.

Muslim BTC holders, how do you plan on paying 2.5% for Zakat on your BTC without actually selling your BTC or decreasing your holdings? With the rapid growth of BTC, it's becoming increasingly difficult to keep up with the 2.5% Zakat payment every year. My income can no longer keep pace with the BTC price increase. Any advice would be greatly appreciated.

The original post: /r/bitcoin by /u/LyingPervert on 2024-11-14 16:15:30.

See you in 4 years

The original post: /r/bitcoin by /u/BitcoinNewsPro on 2024-11-14 15:02:00.

1. Galaxy Digital CEO says Bitcoin "heads to $500,000" if the US creates a strategic BTC reserve.
2. Bitcoin hits a new all time high of $93k.
3. Financial Times reports “Bitcoins big bang moment is impossible to ignore”.
4. 2.Billionaire investor Paul Tudor Jones says “All roads lead to inflation. I am long Bitcoin”.
5. 3.VanEck head of Digital says, “Our Bitcoin price target for this cycle is $180k”.

The original post: /r/bitcoin by /u/coincorner on 2024-11-14 13:25:55.

The original post: /r/bitcoin by /u/onebtcisonebtc on 2024-11-14 13:04:51.

https://reddit.com/link/1gr4b9w/video/wuvwi7ii8v0e1/player

Source: https://primal.net/e/note1unwzq6takurqge4eh0ns2nxllz5mc98cx4nau3782t7vwmd0h5mqkahptl

The original post: /r/bitcoin by /u/OldRedditt on 2024-11-14 12:13:37.

The original post: /r/bitcoin by /u/Odd_Ad_6585 on 2024-11-14 07:40:55.

Set out on a mission a couple years ago to acquire one BTC I managed to get to 0.5 decided to learn daytrading and I traded my way all the way up to over one BTC. So dam hoppy. But I don’t wanna sell any I just wanna hodl it. Talk to me bitcoiners.