Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
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- So buy bitcoin now? Been waiting to buy for a while and with the current dip it seems like now is the time. but people keep saying its about to crash down to the floor soon. Whats your opinion? So buy bitcoin now? Been waiting to buy for a while and with the current dip it seems like now is the time. but people keep saying its about to crash down to the floor soon. Whats your opinion?
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- 1 year, 1 month ago
- Loving the dip and buying more BTC Loving the dip and buying more BTC. If it dips more, I'll buy even more!
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- 1 year, 1 month ago
- DAMN! the only thing I’m annoyed about right now is I don’t have any money to buy!!! But I'll be ok :))
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- 1 year, 1 month ago
- The Great Readjustment: understanding where we are and where we’re headed On November 10th, 2021, BTC reached a high around $69,000. As I type this, the current price is $42,948. But this post isn't about the price. It's about where we are and where we're headed, in terms of the 4 year halving-to-halving cycle. **We're almost halfway to the next Halving.** You probably know what the halving is. Let's talk about the effect the halving has. Every ten minutes, a miner wins a block reward, and that's a big deal because block rewards are the only way new BTC is created. Right now, the block reward is 6.25 BTC. Thus, every ten minutes, 6.25 BTC is created and awarded to a miner. In May 2024, the block reward will be cut in half, to 3.125 BTC. That doesn't sound like a big change unless you're a miner, but add up the block rewards over time and you'll see how much of a difference the halving makes on the supply of newly mined coins hitting the market: 6.25 BTC are mined every ten minutes (roughly). This is the current block reward. 6.25 X 6 = 37.5 BTC are mined every hour. 37.5 X 24 = 900 BTC are mined every day. 900 X 30 = 27,000 BTC are mined every month. 27,000 X 4 = 108,000 BTC are mined every four months. I use four months as a reference point here because it takes around four months for the halving to cause an imbalance of supply and demand, better known as a supply shock. **The Supply Shock Of 2024:** In May 2024, the halving will cut the block reward in half, from 6.25 BTC down to 3.125 BTC. Price is where supply meets demand, and the halving cuts the supply of new coins in half. By the beginning of fall, 2024, instead of having 108,000 BTC added to the supply since May, only 54,000 will have been added (because The Halving cut the block reward in half). That decrease is what causes a supply shock. The supply drops, which means there won't be enough supply to meet the demand, which means the price will keep rising until demand drops enough to put supply and demand in balance again. Here's an easy way to understand a supply shock: Imagine that you have to attend a huge meeting every morning for a week. Luckily, they provide enough coffee for everybody. But one day, there's only half as much coffee. The supply of coffee was cut in half but the demand is still the same, so there's not enough. People are getting pissed. In the marketplace, price is set by demand. When the supply of BTC being sold goes down, the price keeps going up until there isn't enough demand to buy it at a higher price. Price is where supply meets demand: how much is being sold and how much are buyers willing to pay. But we all know it isn't that simple in reality. In 2024, miners will start hoarding coins instead of selling them, because they anticipate higher prices. This will make the supply shock worse because it will drop the supply of coins being sold even lower. And rising prices causes hype, which will drive demand even higher, which will push prices even higher. **But It Ain't 2024 Yet!** A typical halving-to-halving four year cycle looks like this: The Halving, followed by around 4 months of hoarding, where people hold on to their coins rather than sell them, anticipating higher prices. This is followed by a bull run of around a year and a crash that goes on for a few months, which is followed by a roughly 2 year period of readjustment that lasts until the next halving. I think we're somewhere between the crash and readjustment phase now. Maybe we'll see a crash, maybe we won't. Institutional money may have disrupted the usual post-bull-run crash, or at least lessened it. Or not. Only time will tell. It's easy to feel despair as the price of BTC drops, but I view this as an opportunity. I think you should too. Just as the last 4 year cycle was the last chance to buy at 4 digit prices, this 4 year cycle may be the last chance to buy at 5 digit prices. This is the time to accumulate. Buy while you can and hold, because 2024 will be here before you know it. Secure your coins, preferably in a hardware wallet. Make sure your seed phrase is secured for the long haul. Have a plan in place for passing on your coins if you die... just in case. **P.S.:** If declining prices are causing you anguish, walk away for a while. Don't sell, but DO stop checking the price and reading forums and the news if doing so causes you more pain than pleasure. Take care of your mental health. KEEP CALM AND HODL ON (Sorry for the edit. I wrote this rather quickly & I found a typo)
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- 1 year, 1 month ago
- Bitcoin Dips Below $44K, Crypto Economy Drops 4.5%, Traders Rush to Stablecoins The price of bitcoin dropped below the $44K zone on Wednesday to $43,678 per unit as the entire crypto-economy has shed billions in value. At the time of writing, the overall crypto economy is down 4.5% as it dipped to $2.25 trillion in value
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- 1 year, 1 month ago
- My goal for 2022 is to get to 0.1 BTC It ain't much but it's an honest goal. Gonna stack!
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- 1 year, 1 month ago
- Bitcoin is a long play. Just chill and don’t invest more than you can afford. Don’t wish your years away in the meantime go find a hobby or do some the thing you enjoy. That’s the whole point BTC is a long play. Just chill and don’t invest more than you can afford. Don’t wish your years away in the meantime go find a hobby or do some the thing you enjoy. That’s the whole point
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- 1 year, 1 month ago
- Blood in the streets If I learned anything from The Rothschild’s buy while they’re all panicking. Stay stacking friends, HODL
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- 1 year, 1 month ago
- WTF? What just happened to Bitcoin? Was it because of the news of a "12% drop in hashrate that Kazakhstan shut down the internet bla... bla.. bla... " Are you serious ? Is it really because of this ? Is that why the BTC price has dropped so much? LOL :D [https://www.blockchain.com/charts/hash-rate](https://www.blockchain.com/charts/hash-rate) When and where did it happen ? BTC shouldn't be manipulated so easily because of the news of a f-cking troll! I think that humanity is not ready for bitcoin or any electronic money. ​ PS: If you still do not understand what I said. [https://coinmarketcap.com/en/headlines/news/kazakhstans-internet-shutdown-drops-bitcoin-hashrate-by-12-will-it-impact-btc-price/](https://coinmarketcap.com/en/headlines/news/kazakhstans-internet-shutdown-drops-bitcoin-hashrate-by-12-will-it-impact-btc-price/) It is obvious that this news is scam. Anyway, the news site has no source! If you look at the site anyway, it is an unknown news site of Indian origin and the source has not been included. 1 2
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- 1 year, 1 month ago
- Bitcoin is down 10 percent this year in the first 5 days Every 4 years there’s a nasty bear market. Looking to stack some cheap sats end of the year time 💰💰💰
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- 1 year, 1 month ago
- Me After Living Through Multiple 50-80% Bitcoin Dips. Anyone else actually gets excited when it dips? We get to accumulate more sats. https://preview.redd.it/evjmosu8rx981.png?width=719&format=png&auto=webp&s=6231fa3047113edfe30c5f27660d067b93d3803a
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- 1 year, 1 month ago
- Should the Bitcoin Community Start Emphasizing Satoshis and the Price of a Satoshi? A common complaint among newcomers to BTC is the price is too expensive and they can never buy a whole coin. It's staggering how many people don't realize you can buy fractions of a BTC. Since a BTC is 100 million Satoshis, the total number of sats is 2.1 quadrillion. Which is comparable to how many coins are on popular dog meme coins that shall remain nameless. The current conversion of $1 to sats is: ​ https://preview.redd.it/9k82fw5olx981.png?width=580&format=png&auto=webp&s=0b31f8d988db140c7051aa740f71553cf0e10710 Psychologically, I think it feels better to purchase 2,258 satoshis than 0.00002258 BTC, even if they are mathematically the same. Since this community keeps telling people it's still early, maybe a push should be made to emphasize sats and how many sats you can buy for a dollar.
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- 1 year, 1 month ago
- Bitcoins in the future is undoubtedly the best option. But I just don’t believe governments around the world would allow themselves to lose so much of their power to an automated system. I see them using borderline nefarious tactics (blocking banks payments, nasty tax rates, internet blocks ect) to make its use so difficult that people just avoid it.
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- 1 year, 1 month ago
- Warning: qr.js has been overtaken Please be careful when scanning any qr code when sending bitcoin, since there is many libraries that depends on qr.js and it was hacked recently [read here](https://github.com/zpao/qrcode.react/issues/168) I have a web app that depends on it, and today one of my users told me the qr code took them to a bitcoin address, luckily my app is not related to bitcoin at all. Just double check the address when you scan any qr code
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- 1 year, 1 month ago
- Made my first investment recently! 250$ into BTC, as that’s all I could comfortably put into it at the moment. How do I deal with the nerves? But I'm an absolute bundle of nerves! My friend and I are actually doing this together -- and we made the investment just a little while ago. Seeing it dip hurts, man. But I hope it ends up working out. We're currently at a loss of about 30$, last I checked. I'm only 18 - my friend is the same, which is why 250 is practically all we can do at the moment and for the foreseeable future. But seeing the money dip further and further makes it so much harder than I thought it'd be to trust it. How do I deal with the nerves?
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- 1 year, 1 month ago
- What will the impact be to bitcoin when nations create there own digital currencies? Digital GBP, digital $, digital Yen When countries around the worl co-op Blockchain technology for their own digital currencies what will the impact be to bitcoin? Thanks yous
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- 1 year, 1 month ago
- If I sold my btc the price will sky rocket I had bad luck.. bought some btc when it was on the way up past 51k immediately 5 minutes after it crashes 47k I sell it because i didnt know how low it will go... 30 mins later it's rising back to 50 51k so I buy it again and this time I won't sell no matter what.. well it drops to fucking 46k hovering around 48k now... im down 200$ .. I was up like 125$ Dec 27.. anyways the point of my story is if I decided to sell my btc now the price will skyrocket. I have a super power.. I can control the price by buying or selling.. so of I sell my btc right now it'll rise past 55k easily.. Edit: I'm holding my btc and not checking for a month 1 2
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- 1 year, 1 month ago
- Planning to hold Bitcoin for next 2 – 3 years but check Coinbase far too often every day and most days makes me anxious about my investment. Should I delete the app and enjoy ignorant bliss until the day comes that I’m considering selling? For context, the 2-3 years is based on when I am planning to purchase a new home with the intent of using some of the initial investment depending on where BTC is at when I am starting to consider moving.
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- 1 year, 1 month ago
- I have been in Bitcoin for more than a decade at this point, and nothing has convinced more people around me to start DCA saving some of their income in Bitcoin than sending them Michael Saylor videos to help explain Bitcoin to them in a vocabulary that they can understand Getting too technical doesn’t explain it to the average person who doesn’t understand the fundamentals of economics to comprehend the technical lingo. You know, if we embraced dumbing stuff down for the masses, we’d probably reach a lot more people, instead of trying to act like an angry Econ professor who's scolding them for not understanding the fundamentals after a lifetime of being raised to be clueless on this subject. I get that there are people here who hate the way he phrases things or uses metaphors, thinking they that can make better metaphors to help people understand BTC. Well if you think that way, then good! Make those better metaphors and post them here! We need all the dumbed downed explanations of BTC that we can get to reach the masses. We're not even at 2% global usage yet, so we need simple ways to explain it to the other 98+% of the world's population that has yet to try to get to know BTC. So if you're inspired to write a better metaphor than Saylor, then do it and post it. Hopefully it is better and it helps new people coming to this sub read a nice simplified explanation on BTC that they can understand. Like a student in a class with a great professor who can help analogies foreign subjects to them in a way that they can relate to, and attain a comprehensive grip on the subject, making it so they have a place to start on their journey to eventually learn more.
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- 1 year, 1 month ago
- Anyone else experience this? Told my friend at work about Bitcoin, he was really fascinated by it as an inflation hedge. Came back the next day with a bunch of shitcoins but no Bitcoin. He said he downloaded Coinbase and bought a bunch of random coins some youtuber suggested. I asked him if he bought any BTC, he said "nope, it was too expensive". 🤦🤦🤦🤦🤦🤦🤦🤦🤦 1 2
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- 1 year, 1 month ago
- I just threw all my savings into bitcoin and idk how to feel. Some background information, im from a newly 3rd world country ( Lebanon) and ive saved 730$, dont have a job and im 23, i just threw a 700$ into btc and im excited yet nervous, i would never sell at a loss, I'd kill my self before taking a loss but idk i have butterflies in my stomach. Insert motivational quotes here xD. What do you think? Is it foolish from me? But i had to buy this dip... 1 2
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- 1 year, 1 month ago
- Heads up and be safe: I just lost BTC because of Malware that highjacks my clipboard [Windows] I just lost a significant amount of BTC (to me at least, I can only save ~100$/month). I had my last BTC (sats, really) purchases sitting in my exchange and wanted to move them to my (software) wallet that I use on my phone. So I copied/pasted it the address on a secure notepad app that syncs with PC, then checked that the address shown on my PC matched the wallet address. It did, so that's cool. So on the PC I copied/pasted it on the address box for the withdrawal at my exchange, it was shown as a valid address and I proceeded with the transaction. WRONG! I sat there waiting for my funds to appear on my wallet but they never did. Transaction was shown as completed on the exchange and then I got alarmed. Started to write an email to my exchange's support team and then it clicked. I wanted to say that the destination address was 'X' but somehow it was being shown as 'Y' on the transaction history. But every time I tried to paste my address it was changing right before my eyes. So my email was looking like <<*This is mi destination address: 'Y' // This is the address shown on the transacion history: 'Y'*>>. Now, my notepad app was clearly showing that the adddress I was trying to copy was most definitely not 'Y', so something was up. Anyway, at that point I deleted the email, no need to bother some support dude because of something that was looking more and more like a royal fuck up. And then there it is, there was some malware on my PC that was actively seeking BTC addresses and switching them to something similar but a different address alltoghether from whoever scammer made the damned thing. I clearly fucked up by not realizing that, and now's too late. Malwarebytes was quick to find and delete the thing and now the computer's clean again (just like my exchange account, haha. FUCK.) Be safe out there and double check or triple check everything when doing a transaction. I didn't realize at the time so I'm an idiot, but maybe you won't have to be. --- TL;DR There's malware out there reading your clipboard to find BTC addresses, and when you try to copy/paste it will paste a similar address from the scammer. I didn't realize so I'm an idiot, but maybe you won't have to be. 1 2
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- 1 year, 1 month ago
- Depositing/withdrawing without KYC It’s my first time buying bitcoin and the KYC part kind of bothers me because I feel anxious giving my personal information. Is there a way to withdraw or deposit bitcoin without using KYC? Are there platforms that allow this? Thank you very much in advance.
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- 1 year, 1 month ago
- What’s the best bitcoin quote you have ever heard? "Their ignorance is your opportunity." -Michael Saylor That one is my favorite- surely an homage to Bezos famous quote 1 2
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- 1 year, 1 month ago
- Is anyone else terrified of CBDC’s and their potential to enslave humanity? Look into CBDCs and the amount of control they give to central banks. * they are fully centralized * transparent, every transaction is subject to surveillance. * transactions are directly taxable. * endless money printing ie. inflation. * negative interest rates. * expiry dates on money (literally you have 3 months to spend your salary or it is gone). * control over what you can and cannot spend your money on. * easily restrict where you can spend your money, at what time you can spend your money, or even turn off bankaccounts/people. Look into social credit systems, how effectively they oppress populations. They are already a reality in parts of China. * a point system that determines your social status. * virtue points for stuff the government likes * penalty points for stuff the government doesnt like. * your "citizen privileges" are determined by this point system. * want access to restaurants? your score needs to be over 100 or your QR doesnt work. * went to the wrong protest?, talked to a dissident?>>> no traveling for you, no supermarket for you... no school for your kids. * sucked off the balls of the government? >>> maybe youre allowed to buy better food or even some alcohol this month, sucked hard enough?? maybe your kids get to go to a better school. Now combine CBDC's and social credit... CBDCs are every totalitarians wet dream. An airtight tool for oppression. The QR code system that they've been trying to introduce though the covid pandemic is the perfect trojan horse. (I happen to think that is not a coincidence, but then again I am also a crazy conspiracy theorist.) I know one thing though: If CBDC's ever get widely implemented we will forever be cattle to whoever controls them. 1 2
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- 1 year, 1 month ago
- Many experts have started predicting two or three more countries will make Bitcoin legal tender this year in 2022. Here is why I believe Dubai and the UAE will be next. Dubai has to be the next top contender for making BTC legal tender. Here are a few reasons I could think of as to why. 1) Their currency is stuck pegged to the US dollar which with inflation rising is horrible for them, they need an alternative to use along side their existing currency. 2) They have no capital gains tax or income taxes so no friction in terms of adopting BTC. They are not losing any tax revenue by making it legal tender. 3) Dubai loves PR and marketing itself and this would be the best PR stunt they could possibly do. The entire world would be talking about them. 4) Their population is 95% immigrant expats, and of those expats most send remittances home to their families overseas, BTC would make remitting money far easier for their residents and their residents families. 5) Dubai is a tourism based economy so allowing tourists to travel there without having to worry about cash or travel cards or currency exchange desks or credit cards would make life easier for tourists who would need nothing but a lightning wallet to be able to pay for everything in the country. 6) Dubai has proclaimed themselves as being the city of the world so they should then adopt the worlds one truly global currency. 7) They have an efficient government that could roll out lightning wallet support for merchants and residents extremely fast. 8) Dubai wants to be the worlds most futuristic city so they should therefore adopt the worlds most futuristic currency. 9) Making BTC legal tender would attract the worlds fintech entrepreneurs and they want Dubai to become a technology hub where businesses headqarter their operations. 10) Their Sovereign Wealth Fund already invests in BTC and the crypto ecosystem. 11) Solar powered miners in the middle of the desert with sun 360 days of the year could be a fantastic revenue generator for their government. 12) Dubai has ubiquitous usage of wifi and 4G data everywhere and every single resident has a smartphone so there's no technological barrier to adoption. 13) BTC as legal tender would attract the crypto rich crowd looking for a pro BTC country to live in, and Dubai always wants more wealthy residents to move there. 14) Dubai has a culture that loves Gold meaning they have a culture that truly appreciates sound money principles, so bitcoin fits in perfectly with their existing cultural ideals. 15) Dubai has a small and extremely efficient government which they are always looking to make even more efficient and more automated. BTC allows instant money flows between all government departments and staff in a programmatic manner. 16) They have a value added tax and VAT collection could be completely automated with BTC. Merchant terminals could be programmed to automatically send VAT to the government in real time as each transaction happens, effectively automating tax collection making life far easier for both the government and businesses. 17) Dubai loves being the first to adopt new tech and they take pride in doing everything bigger and better than anyone else. The same will be true of BTC. I don't think Dubai would let this opportunity pass them up while places like El Salvador and other central and south American countries take all the benefits of tourism immigration and business creation. If Dubai doesnt make BTC legal tender this year they are letting other countries get a huge head start on them. I believe for all these reasons and more Dubai will announce bitcoin as legal tender before the end of 2022. 1 2
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- 1 year, 1 month ago
- Goldman Sachs predicted a rise in the price of bitcoin to $ 100 000 Analysts of the investment bank Goldman Sachs believe that bitcoin is able to rise in price to $ 100 thousand over the next five years, Bloomberg reports. The bank's experts estimated that the first cryptocurrency currently has a 20% share in the savings market, which consists of bitcoin and gold. According to analysts, in the coming years, the cryptocurrency may increase its share in the savings market by up to 50%. In this case, the value of the main digital asset will exceed $ 100 thousand, Goldman Sachs is confident. The bank also expressed confidence that the bitcoin exchange rate will continue to grow, despite the concerns of institutional investors about the impact of cryptocurrencies on the environment. In September, Mike McGlone, Bloomberg's chief commodities strategist, spoke about the growth of the bitcoin exchange rate to $ 100 thousand. The analyst claimed that the price of the first cryptocurrency will rise to this level by the end of 2021. On January 5, bitcoin is trading at $46.5 thousand. During the week, the cryptocurrency fell by 2%, and its capitalization dropped to $ 881 billion, according to CoinGecko. On December 4, the price of the asset decreased by more than 20% per day, to $ 42 thousand. On November 10, bitcoin updated the historical maximum above $69 thousand.
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- 1 year, 1 month ago
- What exactly happened to the 10,000 bitcoin after that guy bought pizzas? What exactly happened to the 10,000 bitcoin after that guy bought pizzas?
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- 1 year, 1 month ago
- We are at least 20 years away from Hyperbitcoinization. The vast majority of people simply don’t care about Bitcoin. They don’t give a shit. I spent most of the second half of 2021 trying to orange pill my social circle and I only managed to succeed with my very closest friends. I noticed that most people either don't care or cannot wrap their heads around it. It's almost like you need to have certain genes or personality type to be a BTCer. I even visited El Salvador to see it for myself. Most businesses preferred to be paid in dollars than bitcoin. I talked with taxi drivers, small business owners, etc, and they didn't understand BTC. They were all afraid of the "volatility". I also noticed that some people would get a little interested, ask me a couple of questions here and there, and then said something along the lines of "*That sounds really great, I will definitely get into it*" and then go on with their lives without getting into it lol. For mass adoption to happen, I believe the dollar needs to actually collapse so that people look for BTC as the exit. Similar to Argentinans and Venezuelans. They understand the value because they have seen their own governments destroy their currencies. The US government will try to delay the collapse of the dollar as long as they can with all sorts of shenanigans. I think it will take at least 20 years before people in general lose complete faith in the US dollar. In the meantime, BTC will continue to behave as a very strong store of value, with a few small countries adopting it as legal tender. That's how I see it. 1 2
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- 1 year, 1 month ago
- Buying Bitcoin every month for 52 months in a row now – status update I buy BTC every month with the max amount I can from my salary. Its basically the FIRE way of investing but instead of S&P I buy BTC. Started to buy in October 2017 and have bought every month ever since. I did not have any meaningful savings so the only way to get BTC was to work for fiat and buy every month. I buy when its up, I buy when its down. Few years went by and I was basically at no profit (during corona dip) but it didn't matter. I had a long term goal. Now it looks easy and great in hindsight. But I can tell you, it wasn't easy and you're not late. You can do the same I am doing. All you need to do is start. And keep at it. Theres no get rich quick. But there's get rich slowly. And that's called BTC. I document my journey in this blog. Hopefully you find it inspiring and it motivates you to stack more sats! Happy birthday BTC! [https://er-bybitcoin.com/stacking-em-volume-18-january-2021/](https://er-bybitcoin.com/stacking-em-volume-18-january-2021/) 1 2
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- 1 year, 1 month ago
- I know I still got a long way to go, but i finally have 0.1BTC I’ve been striving for almost a year now to achieve something, and finally I was able to stack 0.1BTC. I know it’s still small and I still have to grind more to reach 1BTC, but I feel so giddy realizing that I have this. I want to continue doing this so that I can buy a house and hopefully become financially stable as soon as I could. It’s still a long way to go, but seeing the decimal place move as I keep on stacking makes me feel excited and motivated at the same time. Sometimes it really pays to be frugal. 1 2
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- 1 year, 1 month ago
- On this day 13 years ago, Satoshi Nakamoto launched Bitcoin. Hidden in the genesis block—mined on January 3, 2009—is a clue. A reaction to the inadequacy and injustice of central banking and fiat currency. On this day 13 years ago, Satoshi Nakamoto launched Bitcoin. Hidden in the genesis block—mined on January 3, 2009—is a clue. A reaction to the inadequacy and injustice of central banking and fiat currency. 1 2
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- 1 year, 1 month ago
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