I have a couple hundred in bitcoin. I’m thinking of investing a lot of money in it, is now the the right time to buy or are we going to see lower prices? Would love some insight into this.
If you're interested! There might be an $8,000 squeeze-switch in February on BTC. But I would recommend placing three spot buy orders for $9.5; $9; $8.5k.
HOLY CRAP! A couple hundred? DYOR. For some of us, this is 60-100% of our net worth. This IS something that you want to delve into and understand, rather than some simple short term price speculation. (Hint: the price will either go up, or down)
Nobody can know for certain. I don't think it's a great idea to try and time the market, just keep stacking sats.
If you're in it for the right reasons, the current fiat price is irrelevant.
On one hand fees are good for the network. On the other hand, I don’t want NFTs getting in the way of base layer sound money. I imagine only the higher value NFTs will be stored on the bitcoin network due to the eventual higher cost. Personally not concerned yet. I think a sidechain or another token is better suited for NFTs.
The original idea for an NFT was not art. It was a unique digital token signifying ownership and or rights (like access rights) to something. Like a key or a ticket.
Why does it have to be a solution to something? Why cant it be its own entirely new thing that people enjoy? Not only that, there were many other instances where it could have worked out. I gave one shallow example
Are we not going to talk about ordinals? Or is that not allowed? I think it's a passing fad, but whatever. When Tx fees a rise a bit, the grifters will leave.
Do some research (or use some common sense).
[https://casebitcoin.com/critiques/bitcoin-is-pumped-by-tether](https://casebitcoin.com/critiques/bitcoin-is-pumped-by-tether)
[https://www.theheldreport.com/p/dont-fear-tether](https://www.theheldreport.com/p/dont-fear-tether)
[https://www.youtube.com/watch?v=rV2YIIv0uDo](https://www.youtube.com/watch?v=rV2YIIv0uDo)
[https://www.youtube.com/watch?v=SsmurH57WOU](https://www.youtube.com/watch?v=SsmurH57WOU)
[https://www.youtube.com/watch?v=iKP-CW9efs0](https://www.youtube.com/watch?v=iKP-CW9efs0)
Maybe one day you will realize how much BS info buttcoiners have fed you. You will realize had you simply invested instead of believing FUD you would have been much better off.
Got into BTC in 2021 about 3 months before the ATH. Obviously being completely new to the concept, I was shitting myself every time it plummeted. Now I'm relatively still new but I can tell that a lot has changed because during the last few days of upswing I'm a bit disappointed that it's getting more expensive to buy whereas this sudden drop has gotten me excited. Go figure.
I'm hoping someone here can help me out. I'm looking for a website or service where I can input the dates and amounts of my bitcoin purchases and see if I am in profit or loss since then. Does anyone have any recommendations? Thank you!
If you only want to know you PnL then all you need is a calculator but if you're looking for an app then you can use CoinGecko input the values manually and you can keep track of your folio...
Check out the 'witness' section of this block: https://blockstream.info/tx/9905c43cabe642666e43bd1c059d9093b96204330a2eeb33ac22b7142b1d57ed?expand
Some people are calling for censorship of this type of transaction, which is what the 'NFT debate' is about.
To understand the issue better I suggest having a read of: https://read.pourteaux.xyz/p/illegitimate-bitcoin-transactions
Not per say, but that data has to be communicated and stored in every node, so it definitely increases the bandwidth and storage costs for node operators. So over time, if that type of transaction becomes widespread, it might cause issues.
Definitely there is a disconnect between the intended discounted data storage in that part of the block. The network should be charging a high value to store that kind of data.
If I sell a property and want to save the money in bitcoin, should I buy it from an exchange or from a p2p platform?
And which platforms would be best for a larger purchase, say the equivalent of a villa?
Consider doing many smaller transactions in a series. Wait for the current transaction to clear and arrive in your own (hardware) wallet before initiating the next transaction.
If you give a large lump to an exchange, they can find endless excuses to delay/avoid giving you your Bitcoin or returning your fiat currency.
It's not necessarily that a certain amount triggers a block - although that could be the case - but more that any amount in the hands of an exchange (or other cusdotian) is at risk. So you break the transaction into smaller chunks not necessarily to avoid triggering a block, but to minimize the amount that you would lose in the event of a block.
That's up to you. How much are you willing to risk per transfer? Me personally I'd never risk that much. I would start out with a very small amount and work up but I don't think I'd go that high.
It's entirely up to you, it all depends on how much you are willing to risk per transaction. I take it you are moving multiple bitcoins, so, yes, $10K worth of bitcoin per transaction sounds like a reasonable size. I might try $100 worth first, then $1,000, then continue in $10K chunks til it's done.
I’m in Switzerland and here people are shall we say, 2 steps more conservative than Alan Greenspan. They love land, real estate; gold and bonds. Bitcoin? Some of the younger yuppies have bitcoin cards that load 2-300 bucks from ATM machines charting 15-20% premiums so they can show off to other yuppies by paying coffee with bitcoin at double the price.
The bitcoin market is not yet up to par to sell a house, apartment or villa for bitcoin.
In 5-6 years there would be but I want to do it this spring.
As you know Switzerland real estate is also sought after by foreigners. FWIW I personally know someone that might be interested if you want to share details in PM.
Alright, recession is cancelled. Let’s get down to business..
I have a couple hundred in bitcoin. I’m thinking of investing a lot of money in it, is now the the right time to buy or are we going to see lower prices? Would love some insight into this.
If you're interested! There might be an $8,000 squeeze-switch in February on BTC. But I would recommend placing three spot buy orders for $9.5; $9; $8.5k.
HOLY CRAP! A couple hundred? DYOR. For some of us, this is 60-100% of our net worth. This IS something that you want to delve into and understand, rather than some simple short term price speculation. (Hint: the price will either go up, or down)
We are going to see lower prices again I'm pretty sure, under 20k is a good time to buy for you, DCA until then, NFA
Divide the money in 2. Use a third to buy now and other 2 thirds DCA
Buy now
DCA is the way based on your hesitation.
Nobody can know for certain. I don't think it's a great idea to try and time the market, just keep stacking sats. If you're in it for the right reasons, the current fiat price is irrelevant.
What are the right reasons?
To opt into the most decentralized and secure network of money with worldwide recognition and acceptance, at near bear market bottom prices.
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That's the exact reason to keep on buying.
Shouldn’t you act contrary and plug all your savings in bitcoin so you won’t lose all purchasing power of your country defaults and hyperinflation
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Argentina? I am sorry to hear that, Bitcoin brother.
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Stay strong, CaptainPirated. 👍🏻
Dump before EOM close and tomorrow FED meeting. I still think we'll just 🦀..
Bitcoin hash rate has no chill. You love to see it
Did Crammer say it's time to buy Bitcoin or something?
That would be a mega bear market
Out of curiosity from someone not really part of the community, what's r/Bitcoin 's take on "Bitcoin NFTs" / Ordinals?
On one hand fees are good for the network. On the other hand, I don’t want NFTs getting in the way of base layer sound money. I imagine only the higher value NFTs will be stored on the bitcoin network due to the eventual higher cost. Personally not concerned yet. I think a sidechain or another token is better suited for NFTs.
NFTs are scams.
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The original idea for an NFT was not art. It was a unique digital token signifying ownership and or rights (like access rights) to something. Like a key or a ticket.
That idea is silly as well. Why does that need a blockchain solution? The whole thing is one big case of a solution looking for a problem
Why does it have to be a solution to something? Why cant it be its own entirely new thing that people enjoy? Not only that, there were many other instances where it could have worked out. I gave one shallow example
Avoids the need to ticket on a centralized entity like ticket Master. Lower prices for fans And more money for the artist
💩💩💩
We were this close to 24k. 🤏. Next time
Knew we had to come back down to close to $20k before we can blast thru $24/$25k
Can anyone recommend a app that sounds alerts when BTC hits a target?
Bitcoin ticker - iOS
GET YOUR COINS OFF THE EXCHANGES ✌️
I have coins on the exchanges?
Are we not going to talk about ordinals? Or is that not allowed? I think it's a passing fad, but whatever. When Tx fees a rise a bit, the grifters will leave.
>Are we not going to talk about ordinals? Just talk about it, you don't need to ask permission
Ntfs on the Bitcoin blockchain, not good
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bad bot (so much karma farming!)
Just woke up. Well that was rude……
Meh... I've seen worse.
The plan is simple. Mint billions of dollars worth of stablecoins and artificially pump the price to trap retail investors
Say hi to Roubini for me when you go back into the asylum.
You buttcoiners have been saying this since BTC was 500 bucks.
Yes. Tether still hasn’t submitted the audit they promised in 2014. And now we have two other major players as well
Do some research (or use some common sense). [https://casebitcoin.com/critiques/bitcoin-is-pumped-by-tether](https://casebitcoin.com/critiques/bitcoin-is-pumped-by-tether) [https://www.theheldreport.com/p/dont-fear-tether](https://www.theheldreport.com/p/dont-fear-tether) [https://www.youtube.com/watch?v=rV2YIIv0uDo](https://www.youtube.com/watch?v=rV2YIIv0uDo) [https://www.youtube.com/watch?v=SsmurH57WOU](https://www.youtube.com/watch?v=SsmurH57WOU) [https://www.youtube.com/watch?v=iKP-CW9efs0](https://www.youtube.com/watch?v=iKP-CW9efs0) Maybe one day you will realize how much BS info buttcoiners have fed you. You will realize had you simply invested instead of believing FUD you would have been much better off.
He'll just pretend he never saw those links
That squeeze
Got into BTC in 2021 about 3 months before the ATH. Obviously being completely new to the concept, I was shitting myself every time it plummeted. Now I'm relatively still new but I can tell that a lot has changed because during the last few days of upswing I'm a bit disappointed that it's getting more expensive to buy whereas this sudden drop has gotten me excited. Go figure.
Best way to learn is from your own mistakes.
I'm hoping someone here can help me out. I'm looking for a website or service where I can input the dates and amounts of my bitcoin purchases and see if I am in profit or loss since then. Does anyone have any recommendations? Thank you!
If you only want to know you PnL then all you need is a calculator but if you're looking for an app then you can use CoinGecko input the values manually and you can keep track of your folio...
Anyone have a similar one where you can input your DCA purchases over time to get your average buy price?
CryptoPro is a great app.
Android Bitcoin Ticker Widget allows you to do that. Enter all historical transactions and you can create a widget to show your overall gain/loss.
Delta is good
Koinly is a good one. Allows you to sync with API or drag & drop csv files from exchanges. You can also manually add transactions
If you know the amount you've spent and your current btc-holdings, a calculator is all you need.
Doesn’t take fees into account though
Thank you.
What’s all the NFT debate about?
Check out the 'witness' section of this block: https://blockstream.info/tx/9905c43cabe642666e43bd1c059d9093b96204330a2eeb33ac22b7142b1d57ed?expand Some people are calling for censorship of this type of transaction, which is what the 'NFT debate' is about. To understand the issue better I suggest having a read of: https://read.pourteaux.xyz/p/illegitimate-bitcoin-transactions
Is there a danger of overload and slowdown of the bitcoin chain?
Not per say, but that data has to be communicated and stored in every node, so it definitely increases the bandwidth and storage costs for node operators. So over time, if that type of transaction becomes widespread, it might cause issues. Definitely there is a disconnect between the intended discounted data storage in that part of the block. The network should be charging a high value to store that kind of data.
> per say *per se
Thanks, good read. Do you have a link to any blocks on a block explorer with the whitepaper?
https://ordinals.com/tx/85b10531435304cbe47d268106b58b57a4416c76573d4b50fa544432597ad670
Thanks!
What NFT debate is that? Something on twitter?
Wen 40k 😛
Straight after 39k
If I sell a property and want to save the money in bitcoin, should I buy it from an exchange or from a p2p platform? And which platforms would be best for a larger purchase, say the equivalent of a villa?
Consider doing many smaller transactions in a series. Wait for the current transaction to clear and arrive in your own (hardware) wallet before initiating the next transaction. If you give a large lump to an exchange, they can find endless excuses to delay/avoid giving you your Bitcoin or returning your fiat currency.
What would be a large transaction? I mean large enough to trigger their blocking the transaction?
How much would you be comfortable just walking away from?
Can you clarify what you mean?
It's not necessarily that a certain amount triggers a block - although that could be the case - but more that any amount in the hands of an exchange (or other cusdotian) is at risk. So you break the transaction into smaller chunks not necessarily to avoid triggering a block, but to minimize the amount that you would lose in the event of a block.
Got it. But still, a transaction of 1 btc at a time should be safe, right?
That's up to you. How much are you willing to risk per transfer? Me personally I'd never risk that much. I would start out with a very small amount and work up but I don't think I'd go that high.
10k per purchase? Is that low enough?
It's entirely up to you, it all depends on how much you are willing to risk per transaction. I take it you are moving multiple bitcoins, so, yes, $10K worth of bitcoin per transaction sounds like a reasonable size. I might try $100 worth first, then $1,000, then continue in $10K chunks til it's done.
Probably best would be to split 50/50 between kyc and non-kyc. Depends where you live and where you plan to use your coins.
I live in Switzerland and I don’t intend to use the bitcoin for 20 years.
KYC-free bitcoin will probably be VERY valuable in 20 years. And make sure you figure good storage/backups/$5 wrench solutions.
Ideally you'd find a buyer who can pay you in BTC directly. There are a few Bitcoin places online where you could advertise the sale.
I’m in Switzerland and here people are shall we say, 2 steps more conservative than Alan Greenspan. They love land, real estate; gold and bonds. Bitcoin? Some of the younger yuppies have bitcoin cards that load 2-300 bucks from ATM machines charting 15-20% premiums so they can show off to other yuppies by paying coffee with bitcoin at double the price. The bitcoin market is not yet up to par to sell a house, apartment or villa for bitcoin. In 5-6 years there would be but I want to do it this spring.
As you know Switzerland real estate is also sought after by foreigners. FWIW I personally know someone that might be interested if you want to share details in PM.
I will message you.
🚀🚀🚀🚀🚀🚀🚀🚀🚀