Bitcoin
- Thread starter Wild Turkey
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If you know, you know.
- Joined
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- Joined
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- Posts
- 29,619
- Reaction score
- 60,705
- Bookie:
- $ 6,328.00
- Location
- SoCal. The Promised Land.
- Joined
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- Bookie:
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Has he stopped licking plates?
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He says that he's so obsessed with #StackingSats that he licks his plate so he can limit how much he has to spend on food.
Some of these guys are psychopaths, man.
I'm looking more into it. Except, the exchanges and online wallets get butt fucked by raiders regularly. I get the concept of private wallets, but you'd still have to go to public exchanges to cash in/out?
I'm looking for more security at the exchanges level.
Not convinced just yet but I see the logic. But, its the wild west out there.
I'm looking for more security at the exchanges level.
Not convinced just yet but I see the logic. But, its the wild west out there.
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My buddy has Bitcoin in a “cold wallet”. The way he describes that it’s bulletproof. Just need to protect your password. I think it’s 24 words in sequence. @HammerDown will know more about it than me.
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I understand that you're concerned about security but if you believe that "the exchanges and online wallets get butt fucked by raiders regularly" then you've listened to lies or inflated the risk in your mind.
Do you understand the sheer volume of Bitcoin in a 24 hr period on Coinbase? Their assets are in cold storage, literally in a vault somewhere. Do you understand how secure the process is for transferring assets off of the top exchanges? It's multiple steps that you, and only you, can complete.
If this is your concern, Dole, you have nothing to worry about.
Research multisig. It's fucking bulletproof. Literally impossible for someone to steal your shit.
My advice is: buy Bitcoin on a major exchange and move it into a hot (software) wallet like Trust. If your volume is high enough and/or your level of concern is high enough, invest in a hardware wallet, put your Bitcoin on it and lock it in a safe.
The top exchanges in the US are Coinbase, Binance, Gemini, FTX. I greatly prefer Coinbase Pro because fees are so low and their volume on Bitcoin is so high you always have liquidity in either direction.
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Also, I wouldn't advise anyone to buy Bitcoin right now with it pumping. Personally, I think all signs point to it going lower. 
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Also, I wouldn't advise anyone to buy Bitcoin right now with it pumping. Personally, I think all signs point to it going lower.
I’m watching it. I heard if it breaks below 25K that the next level of support is 8K. What do you think about that?
If it moves to $8K, I might be in for 4-5 of them with my cheap ass and then sit on them.
Not risking anything more than I can piss away.
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I have a tweet bookmarked with the different Fibonacci supports and will post tomorrow but from what I understand, it’s not that dramatic. Also, other forces are at play in this cycle, the most significant of which is rate of adoption.
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At $8k, I back the truck up and sell everything for Bitcoin. I’ll sleep on the floor at that price.
You're the hare on this, I'm the tortoise. I need to dig in more deeply and digest.
I also need to confirm security.
Don't rush me.
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Anyone who’s researching this right now is fortunate; little or no rush to buy based on price action and global scene proving futility of fiat and the perfect engineering of Bitcoin.
While I'm not 100% sold on Bitcoin as a securearble asset, the devaluation argument on fiat money is compelling. It's like money is dissolving in value for no reason, but the people with hard assets get immediate appreciation. Pure fucking evil.
My instincts have always been to acquire more and more of the fiat money but to spend as little as possible. This may not be susatainable.
My instincts have always been to acquire more and more of the fiat money but to spend as little as possible. This may not be susatainable.
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I’m watching it. I’m not sure it will replace the dollar as the world currency but as it gains more and more acceptance it’s likelihood of gaining a place increases. I think if regulation of it comes that will be the ultimate signal to get in. Just my opinion.
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Something else that has me intrigued is that you can buy non-KYC Bitcoin now at ATMs and on Robosats.
100% private ownership of Bitcoin. The premium is 5-10% over spot.
100% private ownership of Bitcoin. The premium is 5-10% over spot.