posted by justincredibleIf 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.
Interesting. Thanks. I may have just do a side bank account and use it for this. My wife is too nervous lol.
lol, it's all legal and legit. No different than connecting your bank to any other provider.
posted by justincrediblelol, it's all legal and legit. No different than connecting your bank to any other provider.
My wife grew up very poor and is very nervous about all levels of money. I know to only use money I wouldn’t miss. Not a big deal at all to me….I just don’t know what I’m doing.
When you buy in the Bitcoin I assume there is a transaction saying the exact price bought in at.
What about 4+ years down the road and we’ve all made zillions of $$$……then you sell and it’s given back to your account in cash?
Well, if you do decide to sell (I don’t recommend it) you would have different options depending on where it’s being stored. If it’s on an exchange you can sell it directly from there, otherwise you’ll need to move it to and exchange or sell it to someone directly from your own wallet.
I never plan on exchanging sats for USD. I think by the time I’m ready to start “spending” it I won’t have to. People will want the Bitcoin in exchange for the Corvette, house, etc.
If you want to sell any in 4 years I’ll buy it from you.
And yes, I can see how much I paid in USD each day I’ve bought. It shows the number of sats I received and the price of Bitcoin at the time for each transaction.
what are your thoughts on these companies that allow you to take your paycheck in bitcoin (bitwage, etc)?
Haven’t looked into them but I like the idea in general. Depends on fees, I guess.
I'm seeing a lot of buzz about bitcoin mining in the O&G industry. Are you hearing any more about it at work yet?
Fell pretty hard today
Bought the dip.
posted by justincredibleI'm seeing a lot of buzz about bitcoin mining in the O&G industry. Are you hearing any more about it at work yet?
Other than my former employer partnering with a couple companies to use "waste gas" (horrible name for it) to power mining operations not a ton.
The future is bleak. Bitcoin is the only hope.
🔴 Doconomy is a new credit card endorsed by WEF. 👇
— George Gammon (@GeorgeGammon) September 21, 2021
It tracks the environmental impact of everything you buy (including food) and cuts you off when you reach a carbon emmision threshold.
Covid restrictions are just prepping YOU for permanent “climate change” restrictions. pic.twitter.com/fWJdQvCDcg
Getting off the grid is a great goal
China banned bitcoin. Again.
My buddy who plays poker bought 5000$ worth of carmacoin because it has been getting affiliated with the poker rooms/tournaments ect...it is now worth 541$... i know this is a bitcoin thread ..
If a crypto has a CEO, a known founder, a marketing team, etc, it's risky. I wish him luck, but it's not a game I'm going to play.
This is the price action I've been expecting
$0.1m incoming.
Justin, the first step is to admit you have a problem. Then there are places you can go...
https://castlecraig.co.uk/treatment/behavioral-addictions/bitcoin-addiction-treatment
I don't trade. I buy and hold. HUGE difference.
If this chart plays out the way it has the last two cycles, bitcoin will be $0.18m by December. Big if true.
The only pattern you need. #Bitcoin pic.twitter.com/RGFti8Zmao
— TechDev (@TechDev_52) October 6, 2021
posted by justincredibleI don't trade. I buy and hold. HUGE difference.
Just having fun with you. I actually thought the fact that a Bitcoin addiction center existed was funny.
It's not surprising, there are people losing their shirts left and right in the crypto world. I'm not a gambler, so trading and using leverage just doesn't appeal to me.
Buy and hold is just so much easier. I'm not in it for quick gains.
Current low for the year is $27k from January. It's not going any lower than that.
Don't look at the #bitcoin ATH's, looks at the yearly lows:
— Relai 🇨🇭 (@Relai_ch) October 11, 2021
2012 - $4
2013 - $65
2014 - $200
2015 - $185
2016 - $365
2017 - $780
2018 - $3200
2019 - $3360
2020 - $3850
2021 - TBD