How to buy Bitcoin ?

[bananabox999]

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.

It's not just that easy anymore. Sure most will go up a little, some a lot, but 6/7 years ago you could just throw a dart at a random crypto and 90% of the time you could make a fortune lol.

It's somewhat harder now, thousands of useless ones that will never come back, price may rise alongside BTC but you'll never have the liquidity to sell out the crappy stuff

I should have done well, i could have done well. Lacked initial capital at the time, held my shitty stuff all the way up and right back down. With the usual newbie mindset of thinking i could make silly money.

Lesson learnt, when its on a run, bank some cash. It will crash, and crash fast.

[Stephanie]

When I put up this thread bitcoin was at 37,000 , a couple of days ago at 45,000 (?) .

If you’re investing on large scale I suppose it’d be worth to play around with it ;

If putting in only a few grand - not worth My time to keep on top of it . I think ?


Supposedly .. it’s supposed to ‘halve’ in a couple of months ?

Supposedly now is the time to buy ?

[tonythetimetraveller]

The forecast for Bitcoin in 2025 is over 100,000, maybe 150,000. That’s about a 3x from the price now. Other coins will do 10x, 100x, 1000x.

Bitcoin is the safe boring play. Other coins are more risky, more volatile. There are thousands of other cryptos, but if you pick any in the top 200, they will go up when Bitcoin goes up.

I do staking and yield farming, which is basically like a savings account, but the interest rates are way higher. 20%, 50%, 100% APY. If you are doing this, it’s not even about the price going up, you can make good income if the prices never go up.

When I put up this thread bitcoin was at 37,000 , a couple of days ago at 45,000 (?) .

If you’re investing on large scale I suppose it’d be worth to play around with it ;

If putting in only a few grand - not worth My time to keep on top of it . I think ?


Supposedly .. it’s supposed to ‘halve’ in a couple of months ?

Supposedly now is the time to buy ?

[Stephanie]

The forecast for Bitcoin in 2025 is over 100,000, maybe 150,000. That’s about a 3x from the price now. Other coins will do 10x, 100x, 1000x.

Bitcoin is the safe boring play. Other coins are more risky, more volatile. There are thousands of other cryptos, but if you pick any in the top 200, they will go up when Bitcoin goes up.

I do staking and yield farming, which is basically like a savings account, but the interest rates are way higher. 20%, 50%, 100% APY. If you are doing this, it’s not even about the price going up, you can make good income if the prices never go up.

Still unpalatable to me : having to run your funds from bank to brokerage .

If you’d want to make a meaningful profit , you’d have to plow in a fair start amount :

running that through your bank — the world not so anonymous now .



I read same as you state above — good times coming for big players I suppose .



// though how does the Interest rates / Savings play ?

[Stephanie]

I’m only now grasping how it’s a perfect setup for nefarious players and activities !!

[tonythetimetraveller]

Big player vs small player: It's a fact in any investment that the more you put in, you get a bigger piece of the pie. Bigger players do better than smaller players in stocks, property, commodities, etc. It's not about being big or small, it's about the return that you get for the investment that you can make. The good thing about crypto is that it is accessible even for the small player. You can get in the game with €100. In property, you can't play if you're a small player. You can't invest €100 in property.

Anonymity: Crypto is not anonymous because as mentioned previously, you have to do KYC/AML to get your euro / dollars into one of the platforms to be able to buy crypto with it. This means uploading your passport etc. Crypto transactions are not anonymous because all transactions are public and viewbale. My second job is tracking these transactions. There are tools available that give you anonymity if thats what you want to use it for, but its much safer to pay your taxes, or move to a tax haven when you want to cash out your crypto. A lot of my crypto friends have moved to Puerto Rico, Dubai, Malta, etc to avoid the problem of paying tax.

You could receive payments in crypto, without having to do KYC, but to get the crypto back into euro or dollars is difficult to do anoymously.

People talk about anonymity as a use case of crypto, but the real use case is that its just a new asset thats now being adopted by governments, wall st, financial institutions. It's part of a diversified investment portfolio, and will probably do better than all of the other assets.

If you can make it to the Bitcoin conference in Nashville during the summer, can introduce you to lots of interesting crypto people.

[Rachel Divine]

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

True. Checking to see if Samlad is back, then I am stuck in some weird ''conversations'', I get bored and stop looking at the boards.

Btw - So good to see so many escorts posting.

[Rachel Divine]

When I put up this thread bitcoin was at 37,000 , a couple of days ago at 45,000 (?) .

If you’re investing on large scale I suppose it’d be worth to play around with it ;

If putting in only a few grand - not worth My time to keep on top of it . I think ?


Supposedly .. it’s supposed to ‘halve’ in a couple of months ?

Supposedly now is the time to buy ?

Either buy 1 Bitcoin and ride the waves - risky - or buy and hold.

I'm holding some coins and I stake some others.

For everyone to understand Bitcoin halving means if there are 100 BTC around, it will be cut in half - 50 BTC - therefore the price will go up as it will be less BTC - supply and demand.

Every four years it happens and the year after halving (more or less) BTC did new price highs and the other coins just follow.

[Rachel Divine]

Still unpalatable to me : having to run your funds from bank to brokerage .

If you’d want to make a meaningful profit , you’d have to plow in a fair start amount :

running that through your bank — the world not so anonymous now .



I read same as you state above — good times coming for big players I suppose .



// though how does the Interest rates / Savings play ?

Unfortunately yes, you have to buy through your bank but you can cash out at the ATM. I think there is one or two in Dublin. Bitcoin ATM.

I have a friend who declared the profit from BTC and paid a certain tax amount, make the money ''legal''. It depends on your situation.

[bananabox999]

Either buy 1 Bitcoin and ride the waves - risky - or buy and hold.

I'm holding some coins and I stake some others.

For everyone to understand Bitcoin halving means if there are 100 BTC around, it will be cut in half - 50 BTC - therefore the price will go up as it will be less BTC - supply and demand.

Every four years it happens and the year after halving (more or less) BTC did new price highs and the other coins just follow.

Incorrect.

The amount miners "mine" gets halved. If they currently get 2 btc per block, it will then be 1 btc. Random numbers, i have no clue what they get paid.

But the overall amount of btc never changes. Well it raises slightly untill when/if it reaches the max.

Miners dont want to lose money, big players, they push the price up to keep profit margins. Rest of us along for the ride.