BITCOIN

[parrot]

As Janet Yellen says: https://www.cnbc.com/2021/02/22/yellen- ... tcoin.html

[Drunk Monkey]

i was with a local bitcoin guy yesterday who was constantly checking his phone and commenting its up to 50k plus per coin now .. that must be excellent as he seemed very happy so much so he nearly bought a round of beers in between erectional highs , personally i never understood the cryto currency thing but good luck to those who have had a punt .. suppose if they make a fortune theres a chance they will spend it in ways to benefit the local community

DM

[parrot]

From my Freetaxusa tax return dialogue this year:

[parrot]

Interesting new twist to the 'anonymity' factor of trading crypto currencies.
https://edition.cnn.com/2021/06/07/poli ... index.html

Sort of along the same lines......encrypted app trap https://edition.cnn.com/2021/06/08/aust ... index.html

[jackspratt]

Sort of along the same lines......encrypted app trap https://edition.cnn.com/2021/06/08/aust ... index.html

More information on this thread: viewtopic.php?f=139&t=51503&p=616837#p616837

[parrot]

In case anyone hasn't seen enough of how FTX crashed and burned, there's a good video at
https://www.youtube.com/watch?v=20BEJouWBgY&t=1505s
Scary stuff......lots of people lost a lot of money!

[Pikolim]

I’m interested in investing in Bitcoin, but I don’t really know where to start. If anyone has advice on how to get into it or tips for beginners, I’d appreciate the help!

[Bubbler]

Start by learning about the market. You can sign up on exchanges like Coinbase or Binance to buy, sell, and keep your Bitcoin safe. Also, get a secure wallet for extra protection.

I saw this cool article about a tool that helps newbies like you get your tokens noticed right after they drop. It’s a game-changer for getting some attention in the market. Plus, if you wanna level up your investment game, check out the solana volume bot!

[Potamoi]

I enjoy this Dutch guy's Bitcoin YouTube channel for Newbees and others that know a bit more:

https://www.youtube.com/@TheBitcoinfamily/videos

He and his family went 'All IN' like 10 or more years ago meaning they sold all assets and bought BTC (mostly). He trades as well as long term invests mostly in BTC. He has no bank account and does all of his daily purchases to mostly with BTC or the FIAT currency exchanged via cool BTC Visa cards etc used to rent things where his family move for a given time.

A true Digital Nomad and has the new visa in Thailand using only evidence of wealth from a BTC wallet/exchange. No Bank account! May be worth a watch.

[Potamoi]

I’m interested in investing in Bitcoin, but I don’t really know where to start. If anyone has advice on how to get into it or tips for beginners, I’d appreciate the help!

Hopefully you jumped in last month when you asked about BTC. If not, It is still not too late as this 4 year cycle bull run is predicted to peak ~Q4 2025 with a ~20% dip in Q1 before the final run for this cycle.

Most pro BTC YouTubers predict 1,000,000 BTC in ~2028 so safeguarding your coin with self custody hardware wallets are important too. Trezor, Ledger and Tangem are popular for this.

Google for reviews on exchanges, soft wallets and and cold wallets. There is one easy to use exchange called Exodus which is what I used to start but their fees seem a little higher than some others. In Thailand, many fellas use BitKub exchange and connect a Thai bank account to fund/sell coin. Do remember the tax implications when using centralized exchanges though.

This is most certainly NOT financial advice. Do your own research. Plenty of great channels out there to get great info. For me, the hardest part was getting my first exchange account and connecting a bank account to fund it in order to start.

Although I reckon investing in actual coins have more flexibility, one can also get started by using your existing stock/bond investment account to buy funds like BITW, a BTC centric index fund, instead of or as well as a crypto exchange account. These funds are why BlackRock, Fidelity and others are buying and selling large swaths of BTC to allow their customers to invest in crypto without actually buying coin.

Enjoy your journey. There is much volatility so don't freak out would be something to keep in mind. Onward.

[Pikolim]

Like a few here, I started researching during the big hype but didn’t jump in until later, and I wish I was brave enough early on when it was way cheaper. It’s been sometimes up, sometimes down, but overall, I’ve learned it’s not for the faint of heart. Holding Bitcoin can feel like strapping into a roller coaster, and I guess that’s just the nature of volatile investments.

These days, I focus more on using platforms that make things easier to navigate, especially when dealing with automated trading tools or strategies like auto sniping, which are useful if timing is important. On this front, I’ve considered stuff like https://bananagun.io/ for certain advanced features, including safety measures, which seem helpful if you're nervous about scams or bad trades. Maybe worth looking into if you're thinking of doing more with crypto.

[Potamoi]

Like a few here, I started researching during the big hype but didn’t jump in until later, and I wish I was brave enough early on when it was way cheaper. It’s been sometimes up, sometimes down, but overall, I’ve learned it’s not for the faint of heart. Holding Bitcoin can feel like strapping into a roller coaster, and I guess that’s just the nature of volatile investments.

Agreed. That's why they call it HODL (Hold On for Dear Life) instead of HOLD, I guess. 555

I have been using a subscription based BTC BOT trader via tradewithsequence on ByBit since Sep 2024 just to see if the volatility can be capitalized on a bit and increase my BTC holdings passively. So far, its averaging 30.15% APY after paying the xx% fee on the profits compounding in BTC (not USDT).

I'm not a good trader but rather an investor so this seems to work for me for now. The trading Fibonacci based algorithm seems to favour the volatility nicely so I use 1.5x leverage.

Good luck! 2025 shall likely be exciting right up to about September from what the experts say before we start the bear market portion of the four year cycle.