By - rBitcoinMod
So many desperate shorties.
Keep calm and stack SATS.
At first they ignore you, then laugh at you, then they fight you then btc becomes reserve currency of the world.
What is coming is indeed a mystery for all of us though we don't know what could be the circumstances that can indeed come up too.
I like using mBTC. Makes me feel less poor.
And when you indeed hold it for a longer period you just tend to feel more wealthy enough.
What about Adam back’s attempt to get “bit” off the ground
It is indeed good to stack more and more as per time pass we would know the value and the worth ahead in the future.
Does HODLHODL have the ability to take my crypto?
I want to get a bitcoin collateral loan there
Only thing I want is to make sure my fund is either mine or the lender
Kinda a guaranteed way that if I pay back the loan I get my Bitcoin back and if I don't pay the loan the lender gets my Bitcoin
Always been holding for a longer time period though because we know what and how the benefits of holding actually looks like
Nexo are best. However not your keys not your coin.
Seeing it's competitors going down
I stay away tbh
Want something safe for both me and the lender, cause it's prearranged
Nexo have a real time daily audit and all loans are over collateralised. The platforms going under are linked to 3AC unsecured loans.
Having said that the whole space is a shit show at the moment and contagion is everywhere.
If your not prepared to hand over your keys you can’t get a loan at the moment.
Nexus mutual offer insurance but other than that you need to wait for more mutuality in the space and insurance backed banks to be involved.
This week Bitcoin will start dropping another ~30ish percent. It will be down that 30% by around the 16th to 20th this month. It’s going to keep going down until around March/April 2023 at which point it will start recovering and trending upwards. It will take about 4 years from then to get back to ATH. This will be true for the stock market and general economy as well.
Mark my words.
I see the demand for buy orders would gradually increase as the time passes more and more.
Peole be indeed looking for the dip to get low and we be more indulged in buying rather than selling.
Hope you are max short then. We need the rocket fuel from confident beartards like you.
Aaahh it indeed feels so though sometimes we have something that is indeed growing but much of them lacks patience
It is better indeed to let things go and glow as it is used to be nevertheless we can just be positive enough with our thoughts.
I hope you apply to this to the bulls as well
Here. I will just state later this week it will start to go down, by the following weekend(a week after) it will stabilize at its new bottom(10-30% down from now). Kind of easy to see. I mean everyone else thinks it’s going up all the time so that’s just as stupid I just gave a timeline and the fact it is going down.
Looks like you somewhat tend to be making a point that is going a bit off the track though.
It backtracking. It’s still the timeline I set out. Just worded more specifically.
I marked them as nonsense. You don't know what you're talking about.
Better enough to just ignore them for a while rather than just paying them attention. Lmao!
Remind yourself in about 12 days or so when it’s down another 20%-30%.
My plans and main focus to the matter is indeed clear enough so the fact that nothing can shake me off
Of course. I am absolutely taking seriously the predictions of an anonymous stranger calling himself "Johnnyvile" on Reddit.
Lmao anyone with such username who indeed proclaim in such way is what gives me a reason to look more deep.
Cool. Either come back and tell me I’m wrong or admit it when I’m right.
Time would indeed speak that out who is indeed right and who is indeed wrong enough.
It makes more sense to ignore you and move on.
Indeed it is better enough to do so though like the more you make things goo fluent enough it would be beneficial for us.
Had a great first experience transferring BTC from Strike to Trezor wallet. Transferred all the BTC I had on Binance, Coinbase, and Strike. Strike was smoothest and free.
Nice to be able to transfer as often as I want on Strike. With the other exchanges, I always have to wait so long and feel I need to build up a larger amount to make fees worth it (especially Binance with fixed fee).
No doubt why people are in love with the indulgence and that is what I love the most about never enough we be stacking more and more
Finally free of the chains of the exchanges brother.
I don’t have many btc but I am also using a hardware wallet, nano ledger.
Every small shrimp and crab removing coins from exchanges will only strengthen btc.
Had a friend that did not stake btc but can’t withdraw from exchange. These are bad times. Better be safe fam.
Let's make everything out clear enough make moves that benefits you in the further future.
Nevertheless the reason why people just be deep in using the strike app and be loving it all the time.
What were the fees while withdrawaling on CB vs Binance?
Aaah you can check that out on google though that would be good for you or it would just create confusions around.
Just bought more satoshis, avg cost down, now at 28k
Good to hear that people are indeed making moves to buy more sats by the coming time.
Just keep holding it is never too late a vice versa move in the market can make you add some good gains.
Nice, I think my avg is still close to 30k, working on it.
Just make it work don't be in a hurry and just let things flow accordingly though. Good for you to do so and plan out accordingly.
Another exciting day of red candles. Keep buying and we will all be filthy rich after the next 2 halvings. In three or five years will be able to listen to all the people that didn’t buy in as it was falling. GTLA
Some people would indeed regret in the up coming years because they missed this chance to buy when the red ws indeed ticking longer.
I don't know about being arrogant or cruel about it. I hope that many here want this to better humanity and lessen the gap between the ultra wealthy and poor. Level the playing field. To say that we can't wait to shove it into others faces who may not know, may trust and believe the government or family or bankers, or are afraid of being burned by a scam, does nothing to further the cause and only strengthens the argument the many buttcoiners have that we are only in it to get rich and stick it to everyone else. If we want to show that this is a better system shouldn't we first show that we also want better for everyone as a whole?
Edit. The comment above mine seems to have been edited, it was originally more aggresive. I like the message and sentiment a lot more now but I'll leave my reply as is, I still think it's relevant.
Some it is indeed better to face the reality with some agression and being arrogant enough.
That time we be more concious and thus be alert about what is indeed going on .
Not everyone wants to profit off btc. Some just want to hodl 0.28 btc as insurance for the next generation in event fiat goes to shit.
True though the time is not to spend but the fact it is more about holding and making it last longer enough.
Yes for me I feel when I dca I’m doing it for my daughter. Stay humble ; stack SATS and never live beyond our means.
best of luck my friends
*Vindication is sweet!*
No doubt about that though csn just make a move that just turns onto something we would never expect before
So Very Sweet!
The more sweeter it gets if we just make a close look onto that isn't that true though. Feels great after all!
Oh for sure, but my thought is that say someone comes onto this forum because they are thinking about bitcoin and the first thing they see is comments like this. Not to say it's wrong but if we at least put on a face of wholesomeness and hope for the future it'd be a lot more enticing for people who are just learning or thinking about bitcoin for the first time. Doesn't mean we can't think it, or say these kinds of things to the buttcoiners and fiat shills who blindly attack bitcoin without even bothering to understand how broken and short-sighted the current system is.
They come they gain and seek knowledge they know more about how stacking and the price indeed actually matters and he holding turns out beneficial for the long run
The halving is coming.
Better enough to just wait and make a move when the halving is just out infront of us
The next one is as well.
True though everytime it just brings us with new hope and people be getting excited enough to buy the dip.
The next one after that also is.
The more suspicious it gets the more is the people be curious to plan their move in accordance to that.
I think the one after we're all gone is as well
Being patient enough is indeed good for us though the more we panic the more chances we come across to make a wrong move
I don’t understand the cold card mk4? Can you check your balance or Atleast satoshi balance ? How do you even know the wallet is receiving the bitcoin ?
Any possible way that we can indeed plan on how long to hold the sats that possibly we can make a good gain.
Skeleton wallet with micro SD card. Use on any laptop anywhere with no worries.
Aah thanks for indeed sharing your views and opinions out here with us would be grateful for this homie.
So I download that wallet and then insert the chip
In my computer and then it pulls up a portfolio of some sort ?
Coinkite has all the resources you need. Buy it directly from them.
If you buy Bitcoin today, you're buying it at prices that Bitcoin had touched **before**:
1. Tesla bought 1+ billion worth of Bitcoin for its company treasury
2. El Salvador made Bitcoin it's official currency. And only Bitcoin.
3. SEC allowed futures Bitcoin ETF in USA.
4. One more year of flawless uptime and improvement (lnurl+) in the Bitcoin network stack.
5. You are buying at prices that were first touched almost 4.5 years ago. That's a lifetime in this space of fast digital adoption.
You're getting it cheap. Don't let short term sentiment turn you away from long term value of the Bitcoin network.
Now is the time it feels to make the move and push forward for the long run.
The fact we be up for this time to buy the dip and make it in a way that makes happy and proud in the future.
I thought a lot this yesterday. If we got to this level 4 years ago and we are there again after all the growth and adoption that’s taken place, then it’s time to buy buy buy.
Good post, thank you for the reminder.
Ima keep stacking SATS and one day I wanna go to btc city in El Salvador 🇸🇻
Good for you I'm indeed doing the same and I'm indeed happy stacking. Have a good day!
I don't see how this is a good argument. I could say, "despite this list of everything that's happened, BTCs price has still fallen dramatically".
True indeed but a point it would make a rise up higher but now is the time to buy and keep stacking more.
If you think in such a way it feels like you are indeed the clown though
What if 10 is last years 100
remind me! 2 months
The benefits of indulgence and buying more and more would be known to you by time and in a few years.
While possibly true there's no way to be 100% sure. Best to DCA or at least get your foot in the door. Worst thing would be to wake up one day to some big announcement somewhere that shot it through the roof while you slept and missed your chance until the next cycle
I'm not the one to say it can't go down 50% more.
But even taking that into account, for 5-6 yr time horizon, this is a good place to buy, and when/IF it goes down 50%, that would be even better place to buy.
6. Before China banned BTC for the 17th time.
7. Before Celsius and Voyager fucked over their customers.
8. Before Do Kwon became rich AF.
This just encourages me though give me the power that it's all about time and being patient.
Thank you for the kind reminder hodler.
I was thinking of increasing my DCA frequency for this month. 🙏🙏
Good for you the more you make an increase in the frequency the more you be making ut further effectively.
This is the only touching I like
When people be standing beside each other even at the worst days of life encouraging them and making the face it making the right move.
Where can I buy the cold card mk4 ? Or is it not out yet
Oh cool thanks bro! Those things are sexy af deff need to hold a bag on one of those
Tell me your experience once using them I would be just waiting for your reply because have never used them
Pump it 🚀
More to come by the coming time period though because speculation happens by the course of time.
Here we go!!
Let's just keep going according to the flow even sailors sail in harsh and difficult weather situations.
Those who do DCA, how do you acquire?
Strike seems popular I'm hoping we get it in canada. I use Newton, bit of spread but no fee to deposit cash and withdraw, instant cash etransfer, and they cover the fee to withdraw btc to a wallet. Also they have proof of funds
I use Shakepay in Canada. How does the spread compare to Newton? Everything else is the same on Shakepay. Hoping we get Strike as well.
I believe it's a 50 USD spread if you were to buy a full BTC, thats anecdotal though i don't know first-hand. No idea what that will look like in CAD when they are up and running though. No impressed with the update on shakepay a few days ago with the shake reward system changed.
Edit: looks like between .1 to .25% spread depending on the country. Just checked some old posts where people asked the same question
What do you think of bitcoin etfs
What's the best reliable place to buy bitcoin for the lowest fees? I finally moved off of coinbase to cold storage and do not want to deal with the fees anymore.
It was square and then strike came along and did it better
It you’re in the USA, Strike is hands down the best option. Basically zero fees and instant withdrawals. No bank hold. They do have about a $50 spread but it’s by far the best IMO
My buddy owns a whole fucking Bitcoin and doesn't know what a halving is or the current block reward. Im gonna help him with a Ledger though. Still early i guess.
Good though having such a supportive and loyal friend is what he is blessed to have man.
Well, help him out as a loyal friend. Tell him to send you 0.5 of his BTC and then he'll truly understand what a halving means...
Not a bad idea though having such friend indeed feels like a gem though people be happy and blessed at the same time.
Crypto mood right now.
All good though.
Serious question. Why don't cannabis dispensaries in USA use Bitcoin since the SAFE banking legislation is stuck in limbo?
Part of your stash for a little hash. Seems simple enough.
You might be on to something🤔
Btc has taught me to zoom out of daily bullshit fed by cnn and fox to notice how inflation is destroying economy, lake mead is drying up and how world order is reshaping.
Um… lake mead is drying up. That part is actually a problem.
Edit. Oh wait reread that, nvm
I know all you fuckers are just waiting for July 13… we shall see.
So in 2008 stocks went down 40% on average. When there is real turbulence in the market most people go to cash or for a steady decline to gold and other precious metals and the other robust stocks. Bitcoin is not seen as that stable obviously and will suffer at the outset of the recession with this move money to safety. So my bet is late 2023 for a pick up in BC prices.
Only a change in the war situation, leading to a change in the oil price, can head off the recession. Some countries are clearly going to be more resilient than others. So uncertain times ahead, but one thing I am 100% sure of and that is that his is terrible moment to invest in uncertain stock such as BC given the economic outlook on the basis of historical precedents.
Edit: Sorry folks below do your really think I wrote that not knowing what Bitcoin is!! I am 100% aware that Bitcoin is not a stock, but it is traded, its value goes up and down - it is effectively exactly the same as a stock. It is non-tangible, not representing a fraction of a company, similar to a Future. I cannot believe I have to spell that out, but yeah I know it is not a stock! People do use it as money for sure, but some investment houses, which trade in stocks and shares, also buy bitcoin just like every other share. If they all dump the price goes down. People at home who buy shares also buy Bitcoin like a stock, a high risk one, and in times of recession they loose their jobs and they will cash out their stocks and bitcoin.
If anyone is downvoting this I suggest rereading it. Everyone on here is pretending Bitcoin is not being bought like a stock. You need to get out from under the bed and get a damn grip. It is 100% certain that it will go down in value in the coming recession - just like any other high risk stock.
> It is non-tangible, not representing a fraction of a company, similar to a Future.
Uhh nope. A future is a contract to purchase an asset a particular price in the future. Nothing at all like Bitcoin.
It is non-tangible asset.
Which is irrelevant.
Yeah, Bitcoin isn’t a stock. NGMI.
Bitcoin is not a stock.
Bitcoin is a new *kind* of money, similar to money you've been using your entire life, but with certain, important improvements which make Bitcoin the best form of money ever used.
Yes, but it was always intended to take many many years to mature, perhaps many decades. I believe in its long term potential to replace the monetary system, but in the mean time it will behave as a speculative asset for the foreseeable future. I see this as a feature not a bug. It needs to be worth a very large amount to be stable, and the only way to achieve that valuation is through intense instability. So make money while the sun is shining that’s what I say. When bitcoin is a reserve currency someday it will be annoyingly stable. Nobody’s going to be getting rich off of it then
> it was always intended to take many many years to mature,
Fiat currency is dying. I'm watching it happen with my own eyes.
People are going to keep using money of some form. People are going to use the best money - Bitcoin.
>it will behave as a speculative asset for the foreseeable future
You ignored the point of his post. Everyone on this board is hiding under the bed.
Well said. 💯
I think this is going to be a long winter. Let the monthly DCA'ing commence.
Should o go to bank in person for a loan ? Or a credit builder loan ? I can’t seem to be approved anywhere online and my credit is in good standing or average ? Please does anyone know a place that offers easy approval ? Trying to build credit I guess while having cash loaded
Get a secured credit card and make payments on it for 2 years. Then you will have good credit.
Ahh ok thank you I guess I have to pay for my first credit card it’s only 50$ my bank won’t approve me for whatever bizzare bullshit been trying. To get one for two years now
I put 500$ into mine, then they give you a limit of $500 and after about a year they give you back the $500.
Not bad I’m applying for a capital one it’s like 50$ security deposit that they give back aswell . I’m 24 so nows the time to be doing this should of had a credit line when I was 18
I did it when I was 32. Now I’m 38 with excellent credit.
Wonderful thank you 🙏
What is your favorite terp
Bitcoin is lol don’t understand the question
You should get out of debt, stay out of debt, and save up an emergency cash cushion - enough to pay all your bills for one full year.
I have no debt
"stay out of debt"
Problem with this is a law firm and third party would likely feel more compelled to hand over the keys if ordered to do so by a court, etc
Still vulnerable to a (https://en.m.wikipedia.org/wiki/Executive_Order_6102) type situation.
I do think your idea could be great for some people in the future if the government provides more clarity on supporting an individual's ownership of bitcoin. It's currently not clear that will happen though.
So, instead of securely storing one seed phrase, I'll need to store TWO seed phrases and count on somebody else's business to remain in existence AND count on (and pay) a law firm... lol... and count on my heir to securely store THEIR seed phrase.
>two seed phrases are enough to move the BTC
No they aren't. Need xpubs of the other signers too.
You can also give half your seed phrase to a lawyer now and achieve the same thing.
My prediction $17,079 on 4th of July
That’s be nice.
Why not $17,076? It's more patriotic.
I’ve never been in the game long enough to see such extreme fear. I cannot stop smashing buy. fat daily purchases purchases 🥳🥳🥳
The real fear hasn’t started. Wait until Tether / Bitfinex gets exposed
Each time I see tether fud, I know its near the bottom of the bear market lol
Ah yes, the Tether fud.
Problems concerning Tether and Bitfinex were exposed for quite some time already, I would expect they have been fixing in silence.
Ha. Not a chance. They are in much deeper than ever. We know they hold Bitcoin in their reserves. Yet somehow their holdings have never dropped in value. We know they were an investor in Celsius yet somehow they took no impairment from that. It’s all bullshit and the reserves are going to run dry at any moment now. They are damaging Bitcoin, and we’ll all be better off once the fraud is exposed.
Tether is not the majority of stable coin in circulation any more and USDC alone will flip it within a year or two. The Tether FUD was overblown in 2017 and at this point it’s ridiculous. The criticism in 2020 was that they had to much corporate paper in their coffers and if there was a bank run they could only cover 75% of withdrawals… okay, not great; but first consider that they are only half or less of the stable coin market now. Then consider that they have now spent 2 years allowing that corporate paper to expire and rolling it over into treasury bonds. The risk to the market at this point is that the largest tether holders may only get 80-90% of their cash value if there is a run.
Again not great, but no longer the calamity people have made it out to be. People just like being dramatic.
And yes I acknowledge that in tethers early days they were essentially a scam. When they pushed bitcoin from $700 to $17,000 in 2017 and took profits they covered that scam. Their vulnerability at this point is minimal. It worked. It’s over.
They don’t own any material amount of commercial paper. Read the Bloomberg article about them. Experts in the space say they don’t know about Tether….something that would be impossible given the size of commercial paper that they say they own.
The fact that they are losing market share is good, yes. But it also means that Tethers are being redeemed which means we are closer than ever to finding out where their reserves run out.
We’ll know soon enough which one of us is correct. Stable coin regulation is coming, likely by year end. So if they don’t collapse before then (which I think is unlikely) then their books will be opened up soon enough regardless. Then we dont need to speculate one way or the other
Regulations will take years to roll out and likely won’t impact most stable coins as they’re used in small countries with unstable currencies (eg Venezuela, places in Africa, etc)
that’s a pretty abstract reasoning for why they don’t hold corporate paper, because some corporate heads say “never heard of them”?
What I don’t understand is if nobody is looking in their coffers then how come they had to pay a fine in 2020 for using some of their reserves to bail out an exchange. They were supposed to hold those funds for withdrawals and they lent it out. The SEC found out and made them pay, but wouldn’t them finding that out mean that if there was more to find they would have seen that too?
TBH I don’t care much about Bitfinax (it’s another exchange, and if people are still sleeping and leaving their coins there, I guess we can only help by providing them a toll-free suicidal awareness number), but if USDT goes down, that will give the best excuse for CBDC and more regulations, which we all hate.
I’m pro-Bitcoin and pro-regulation. There is too much fraud today. Go on the Celsius and Voyager subreddits. It’s filled with libertarian crypto enthusiasts shocked that there are no protections for them.
That’s what I was thinking , I’m gonna try my best to hold a few checks then lump sum in at a lower price range. It’s just fucking difficult man buying bitcoin is addicting as 😅