Whatever happens, I’m still accumulating every single day.
posted by justincredibleWhatever happens, I’m still accumulating every single day.
You mean buying more each day?
Yes. I automatically buy an amount each day. And then randomly buy more on days when I have extra money with no other purpose.
lol, this was an unexpected drop.
Another $2k drop since my post 3 minutes ago. Wild.
posted by justincrediblelol, this was an unexpected drop.
11%. What happened?
Not sure yet. This was not the price action I was expecting, but my post from last night definitely wasn't wrong.
It appears the discount is ending 🥲
Thanks for the dip @IMFNews. We saved a million in printed paper.
El Salvador now holds 550 bitcoin.#BitcoinDay #BTC 🇸🇻— Nayib Bukele 🇸🇻 (@nayibbukele) September 7, 2021
Justin you may have said already but do you own any Ethereum?
posted by friendfromlowryJustin you may have said already but do you own any Ethereum?
I bought a little in 2017 and kinda forgot about it. I converted it to bitcoin earlier this year.
I am 100% bitcoin.
Bought my first Bitcoin today. Sold all my dumb NBA topshot NFTs ($300 from $10) and had to get it transferred in USDC. So once that transferred, I then converted it into Bitcoin. Couldn’t figure out anything that would take USDC other than Coinbase, so I had to use them.
posted by iclfan2Bought my first Bitcoin today. Sold all my dumb NBA topshot NFTs ($300 from $10) and had to get it transferred in USDC. So once that transferred, I then converted it into Bitcoin. Couldn’t figure out anything that would take USDC other than Coinbase, so I had to use them.
Now, resist the urge to sell it for at least 4 years.
posted by justincredible
Now, resist the urge to sell it for at least 4 years.
That should be easy once you resist the first couple oppo
posted by justincredible
Now, resist the urge to sell it for at least 4 years.
I don’t need the money so I’ll hold it. Probably buy small amounts as you suggest. How much is too little to throw in at a time? I was gonna throw $5 yesterday but the Coinbase fee was a whole dollar of that, which is nuts. Do any have no fees or smaller? Is it easy for me to move it off of Coinbase and onto another platform if I wanted?
I buy through Swan bitcoin (referral link) daily. That works by them doing a weekly bank transfer for the total amount for the week and then just buying the daily amount for me each day. I went back and looked at my account and I've bought every single day since Jan 11, 2021.
Another great option is the Strike mobile app. The guy that runs strike (Jack Mallers) will be a household name at some point. I believe you can buy for no fees through Strike.
As for moving it, I'd download a mobile wallet or buy a hardware wallet (if it's more than 0.1 BTC or so) to store your keys, and move it off of coinbase ASAP. If you don't control your keys you don't technically have any bitcoin.
BlueWallet is a great mobile/desktop app for holding the keys to smaller amounts.
I have one of these to hold my keys:
so, all my shit is on coinbase. is that not the move. bear in mind i'm functionally retarded on this subject and went with coinbase strictly because of it's ease.
lol, nothing wrong with starting out on coinbase. BUT, if they hold your bitcoin, which means they hold the keys, it's not "technically" yours. You have to trust that they won't take it and run. It's probably a good bet that they won't, but if the gov't decides to engage in monkey business then coinbase will definitely act on their behalf. Because I control the keys to (almost) all of my bitcoin the gov't or anyone else can't do shit about it unless they physically take control of my hardware wallet.
Again, my recommendation of where you should move your bitcoin to depends on the amount we're talking. Something like BlueWallet on your phone is fine for small amounts. Think of it as your actual wallet. However much USD you'd be willing to carry in your wallet at any given time is fine to keep on your phone. The risk of loss is about the same. Anything more than that I'd buy a hardware device with no possible way to connect it to the internet.
I am glad to expand on this in detail if there is interest in learning more.
You can also setup automatic weekly or monthly buys, it doesn't have to be daily. Start throwing $50/week at it and forget about it for a while.
posted by justincredibleBlueWallet is a great mobile/desktop app for holding the keys to smaller amounts.
I have one of these to hold my keys:
So you need one of these $170 tablets to manage?
posted by Ironman92So you need one of these $170 tablets to manage?
I technically didn't need one, but it gives me a lot of peace of mind.
posted by justincredibleI technically didn't need one, but it gives me a lot of peace of mind.
I want to get in on this stuff but I’m 2-3 notches below jcrazy on understanding any of it.
If I have $500 cash right now And I want to buy as much Bitcoin as I can with it ASAP…..what are my steps to get it done?
If I were you, I'd download Strike and connect your bank account or debit card to it and buy $500 worth with no fees. That's more than a million sats, which is awesome.
I just bought $1mm worth of bitcoin.
posted by ernest_t_bassI just bought $1mm worth of bitcoin.
