How to buy Bitcoin ?

[Stephanie]

Stephanie shifting money through bitcoin is far from anonymous. And funds are easily frozen. Especially if you are only getting in at this late stage.
Depends on who you're hiding from, and the level of forensics they are willing to commit. But every transaction leaves a digital record which I think lasts forever.

Simply buying bitcoin, I did make a few euro trading on revolut when it spiked during covid. But comission was at 3.5%. you think that isn't so bad, but to buy and sell that's approx 7%. So unless you're seeing a really good spike, revolut are making more than you. Your money is probably safe with revolut though, and they are a good option if you're just buying low and holding.
Binance haven't been mentioned, as far as I know, they have the lowest commissions. They say they are the biggest crypto exchange. Lots of people don't trust them though.

Thank you for your detailed post , much appreciate it x

But : lol “who I’m hiding from”

I’m not hiding anything : a platform I’m a paying customer of had decided to do away with

other discreet payment options , and so now , I must learn real quick quick like how to do This ,

to be able to remain a paying advertising customer of that platform .




And here if I may ask : anyone know anything about security , legitimacy of ‘esecure Vouchers’ , please ?

[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.

[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 !!

[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.