How to buy Bitcoin ?

[WeeJimmy]

its too volatile and very risky, buy gold or invest in property, these crypto currencies put your lights out

[Rachel Divine]

Bitcoin and most cryptos have little enough use case except for anonymity in the transaction. As such they're main use case is money laundering, tax evasion and getting funds out of despotic regimes.

Anonymity isn't 100% since most ways to buy and sell crypto involve dollars/euros going in or out at some point and those companies are increasingly subject to KYC/AML requirements.

Investment is hugely speculative and these assets lack any backing. They're only worth what the next person will pay for them and that next person is usually either a criminal who needs to move hard currency or someone speculating that the next guy will pay more. Consider it a casino where the only people making money are those making fees on the transactions.

Bitcoin value has held up remarkably well. I thought the whole pyramid scheme would have crashed by now but it seems the criminal use case is a permanent one. To me value is basically the electricity cost of creating a bitcoin, which will double by April this year. This has resulted in some early rises in value since the end of 2023 and is likely in my view to see further rises through to the end of the summer. I've stuck a chunk of change on bitcoin for that reason even though I fundamentally think it's scammy.

They're horrible for the environment too.

What I absolutely LOVE about it!

[robbie9]

What I absolutely LOVE about it!

You seem to be a seasonal poster these days

[Rachel Divine]

You seem to be a seasonal poster these days

Miss me?

[tonythetimetraveller]

You can buy on an exchange like coinbase or crypto.com.

I personally use crypto.com because I really like their visa card.

The Bitcoin halvening is in around 70 days. People in the know in crypto are buying up as much as they can right now. The price is going to start increasing fast at some point in the next 12 months, and then you will hear about it on every news outlet. This is when the people in the know in crypto are selling, and the dumb money "retail money" will be buying.

Anyone who tells you that its backed by nothing or that its a ponzi know nothing about it. Buy now, hold until 2025, sell some in 2025.

Bitcoin will do ok. I think Ethereum and EVM chains will do better though, so I'm all in on those.

You can store your crypto on exchanges like Coinbase or crypto.com, but to be fully secure you should take custody in your own wallet. Exchange is convenient, self custody is more secure.

Please , if anyone is knowledgeable : how to purchase bitcoin ?

What’s Your experience with this ‘thing’ ?

How to go about it : for someone who knows Nothing about it ?

[Rachel Divine]

You can buy on an exchange like coinbase or crypto.com.

I personally use crypto.com because I really like their visa card.

The Bitcoin halvening is in around 70 days. People in the know in crypto are buying up as much as they can right now. The price is going to start increasing fast at some point in the next 12 months, and then you will hear about it on every news outlet. This is when the people in the know in crypto in selling, and the dumb money "retail money" will be buying.

Anyone who tells you that its backed by nothing or that its a ponzi know nothing about it. Buy now, hold until 2025, sell some in 2025.

Bitcoin will do ok. I think Ethereum and EVM chains will do better though, so I'm all in on those.

I have so many shitty coins and hoping for the best on 2025. lol

Great post btw.

[tonythetimetraveller]

The good news is that when Bitcoin goes up, most of all the shitty coins go up as well because of the way the market works.

It's more about timing than buying the right thing. The problem is people are afraid to buy now when prices are low, but when the price goes up, they will buy. Then they will be greedy and won't sell. It's all about timing and a battle with your emotions. Right now, everything in crypto is cheap, it won't be in 6 months time.

I have so many shitty coins and hoping for the best on 2025. lol

Great post btw.

[robbie9]

Miss me?

You must get seasonal work ? You seem to come & go throughout the year.

[Rachel Divine]

You must get seasonal work ? You seem to come & go throughout the year.

Nothing to do with work, I just didn't feel like looking at the boards for the past months.

[robbie9]

Nothing to do with work, I just didn't feel like looking at the boards for the past months.

Well over the last few years , you come & go quite often.