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I have withhold this subject for too long, even though i've been actively holding BitCoin a few years now.

You may think it doesn't concern you, just like i did, but even if it feels that way now, mark my words, it will concern everyone on this planet very soon.

I will keep this post to a minimum and i really recommend everyone to get acquainted with it.

Disclaimer: further writing should be treated as my personal opinion based on what i've learned in three years and nevertheless may be completely wrong. I will not argue about it and will try to retrain myself from comments.
I am not calling anyone to repeat what i've done. I urge you to do your own investigation before making any decisions.

I'm not a big fan of technicalities, so at this point i'll just insert a few lines from wikipedia:
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

Now, in my own words, what we have here is probably the greatest invention the world has ever known (after music of course) and that is because BitCoin represents the most powerful, material tool - money; and for the first time in history, this material tool cannot be controlled by government, because it's based on blockchain (which is similar to how torrents work, but more complicated).

The fact that someone could even put this idea into air - that's what made me want to support it. This idea is so brilliant and righteous and beautiful and admirable that i didn't even thought about any income back when i bought a few coins for 800$ and just a few years later the price for 1 BitCoin hit 20.000$. And that is, my friends, a fucking 2400% growth!!!
So, if you would invest 1000$ in 2016, you would have 25000$ in 2018.

Some might say that its price has dropped in recent months, "the bubble has blown" - well, you just don't understand how market works. It happened before and will happen many times after; it's just a simple price correction which is required before hitting new highs.

Richard Branson, 50 Cents, Bill Gates, The Winklevoss Twins (facebook), Rockefellers, George Soros - those are just a few names you may know, who already invested in BitCoin.
and you can join them, just by following a few simple steps.

How to buy Bitcoin
Most common option is to buy crypto at exchanges like Binance. You will find many tutorials on youtube and after a few days of learning you probably will be confident enough to make your first bet.

Where to store Bitcoin
Once you chose how you want to acquire BitCoin, you need to find where to store it, because you should never hold your crypto at exchanges!
1. The simplest option is the TrustWallet app. You can also purchase crypto directly in this app.

2. What i would recommend is software called Electrum, which is available on all platforms and will keep your bitcoin safe.

3. But if you're going big, you must get a cold hardware wallet.

Whatever you choose, carefully follow the installation procedure, read everything and make sure you securely store your passwords and the seed.

What to do with it
What to do next? - Nothing. You don't even need to follow the news really. To some i'd say you even shouldn't, because a lot of traders raise panic just so you'd sell your investments for low price, like right now (9k), when smart people are actually buying.
The first rule of trading is to Buy Low and Sell High.

And you'll know when it's time to sell - it will be everywhere, people will talk about it all around you.

Still, if you want to have a guide in the world of crypto currencies, i can recommend you these channels:
Benjamin Cowen and Tone Vays
Please be extremely cautious about what you read and what your hear in the crypto space.

Now, once again, a reminder: I'm not your financial advisor, I will not argue with you about BitCoin and I will not reply to questions about it.
I couldn't write this post for so long because lately i can't dedicate even an hour for this, but i had to do it because too many people asking about it and right now might be your last chance to buy BitCoin for price below 10k.

Before 2018 i was never interested in investing into something just to make money.
I said to myself "what's the point" - I have a job that i love and i even get paid for that job; but seeing this possibility of growth, you have to ask yourself how can you let this chance pass by you.

revised. SAiNT


  Resident 10.08.2010 1 64
Thanks for breaking this down in a point that i could understand. most FAQ's have been way to Techie, great info.
  Resident 8.08.2011 433
Conversely, had you invested $20,000 in 2017, you'd now have $10,000.

All the get rich quick investors came and went. Now it's like any other commodity, except for the fact that there is *nothing* backing it. Why are none of the other blockchain coins doing as well? Because this is the one that people chose to gamble on.

Real estate is the current bubble. If you got in a few years ago (like I did), you can make some serious money this year. It will tank in the next year or two, I'm hoping I'm in a position to invest in it again then. I'm not going to make any absurd claims about 2400%, but I should see 40-50% in gains, in something I lived in. (Meaning, it was a normal expense that everyone would have.)

BTW, John McAfee is insane and is just looking for an excuse to eat his dick.
  Member 2.03.2019 198
And yet again, hindsight is a mfr
  Resident 30.07.2017 1 108
Note that all crypto currencies are nothing but a virtual pyramid scheme! I have made money out of it, but I only invested throw away money and I got that back, so if you do get into the game, you should only invest an amount which wouldn't affect your life/finances a great deal, if any!
Do not get into debt to invest, much like shorting stocks, it's based on the theory of BS!
For a start, the largest banks which you could argue control the richest countries, will not let these sort of currencies succeed as it's direct competition to them, they make money with every transfer, might be pennies/cents, but you add billions of transactions and it becomes a massive amount of money. You already use virtual currencies at the moment every time you make a paypal payment, or use your credit/debit card.
So, if you have some throwaway money, you could play the lottery, or invest in some of these cryptocurrencies, they may go up in value, or may disappear altogether, but at least, you won't lose lots of money!
  Resident 10.02.2010 1 19
I also have an issue with Saints point above

" what we have here is probably the greatest invention the world has ever known (after music of course) and that is because BitCoin represents the most powerful, material tool - money; and for the first time in history, this material tool cannot be controlled by government,"

Which is great in principle. If transactions can be made without paying tax, it's great for me on one level as things will be cheaper. But it's less good when there is no money to maintain the roads, collect my rubbish, keep schools and hospitals open etc.
  Resident 25.12.2017 6 1909
your point would be valid, django, except for the fact that taxes could easily be circumvented and everything could be kept financially afloat in *many other fashions. This has been seen in many societies through the history of civilizations that demand large institutions that take care of The Masses. Now, whether the government is willing to take the dive and retire to the shadows and keep society moving along as opposed to profiteering off of the people it is supposed to serve, that is the question; my bet is the governments response to the idea of merely acting as public servants instead of gangsters & pimps would be a savage bout of hysterical laughter.
Just my Anarcho/Socialist-Libertarian opinion....
"Rap is a gimmick, but I'm for the Hip Hop, The Culture." ~ Method Man ~
  Resident 8.08.2011 433
quote by Iwantaudioz
So, if you have some throwaway money, you could play the lottery, or invest in some of these cryptocurrencies, they may go up in value, or may disappear altogether, but at least, you won't lose lots of money!

This is something that stuck out, as I wanted to expand on my post and mention that.

This site itself bills itself as a way for poor musicians to try software. I use it to try things before I buy them (and I've also shared a number of things in the past.) If you've got money to invest, you should also be paying for the software you use. The developers deserve to get paid, as they invest their time (LOTS of it, in most cases) to make the things we see here. Aside from a few of the majors, most of the people involved in making software do it because they want to, and could easily make more money elsewhere.

If you have plenty of money to spare *because* you don't pay for your software, then by all means.. invest it in BitCoin, and let karma sort it out.
  Resident 30.07.2017 1 108
In fact I do own all the software I get full use out of it, I spent thousands over the last 5-6 years! I own the latest Cubase Pro, Reason, NI Komplete Ultimate, Spire and few other plug ins and sample packs.
I started using cracked versions many many years ago, as soon as I could afford it, I would buy it. Nowdays, if I like something and I am using it regularly (music or other software), then I buy it. More often than not, I have become an e-horder of software/samples by downloading so many, many of which will never get used.
  Resident 1.10.2013 4661 9001
Bitcoin is gone, the future is for RUBL!
  Member 11.03.2016 2 312
bitcoin is like gold, comparatively.
it's gonna remain the reference for other cryptos.
maybe keep investing in BTC, ether and XRP for now.
  Resident 28.01.2016 2 638
Thanks for the contribution SAiNT, but I don't think this belongs in here.
Regardless, it's your site so you can whatever you want with it, especially if it says "get at least 400% revenue by the end of the year" which is obviously not going to happen, especially with bitcoin. And anyone who has been following cryptos know that it surely looks like a scam.
Having testimonials doesn't mean anything as well, bitcoin has made its course and there aren't going to be any miracles.
Returning to whether I consider this post/info appropriate for the place it's been posted to, let's remember that it's quite ironic to encourage people investing in cryptos when we all have used warez without paying the people who actually made them for us to "steal".
Maybe investing in the software we use should come first.
But as I already said your site, your rules.
⠞⠓⠑ ⠞⠗⠥⠑ ⠃⠇⠊⠝⠙⠝⠑⠎⠎ ⠊⠎ ⠝⠕⠞ ⠃⠑⠊⠝⠛ ⠁⠃⠇⠑ ⠞⠕ ⠎⠑⠑ ⠃⠑⠽⠕⠝⠙ ⠺⠓⠁⠞ ⠽⠕⠥⠗ ⠑⠽⠑⠎ ⠁⠗⠑ ⠺⠁⠞⠉⠓⠊⠝⠛
  Moderator 21.01.2012 2371 16090
rhino, there is another logic possible: Once you get money (how ever be it with crypto currency or not) then you can pay your software...
  Resident 28.01.2016 2 638
That's hardly going to happen, but I understand what you are saying even if I strongly disagree with it.
⠞⠓⠑ ⠞⠗⠥⠑ ⠃⠇⠊⠝⠙⠝⠑⠎⠎ ⠊⠎ ⠝⠕⠞ ⠃⠑⠊⠝⠛ ⠁⠃⠇⠑ ⠞⠕ ⠎⠑⠑ ⠃⠑⠽⠕⠝⠙ ⠺⠓⠁⠞ ⠽⠕⠥⠗ ⠑⠽⠑⠎ ⠁⠗⠑ ⠺⠁⠞⠉⠓⠊⠝⠛
  Resident 3.06.2018 1 14
LMAO! Indeed you are right @Rhino, the Bitcoin did not make 400% but almost 700% has its ATH (around 10k$ 2018 - 70k$ last ATH (2021)!
I'm not talking about some altcoins which have literally made x100 (Luna, Elrond...).
Looking back, you just mostly missed the opportunity of your life..
For my part, I say big thank to @SAiNT and absolutely do not regret the trust I placed in him.
His post/advice literally changed my life for ever.
  Administrator 1.01.2004 301 1135
thank you for such a nice feedback, very happy you've joined the right side
  Resident 20.05.2016 515 168
I can't figure out what should i do after getting 400% revenue back, to buy UL/RG account for lifetime or to legally buy warez !!!
One good thing about music, when it hits you, you feel no pain. - Bob Marley
  Resident 23.12.2009 1 1583
legally buy warez ?
  Member 15.01.2013 37
Never trusted bitcoin, and never will. From what I have heard from serious sources, too many dirty business related to drugs, weapons and illegal sex rely on payments done in this "currency". If you watch the documentary "An Open Secret", about child abuse in Hollywood, you'll learn at the end that people who were involved in the scandal now invest their fortunes in Bitcoins. Probably, it is good for the pederasty business. I do not think it is morally acceptable to take part in this bubble which may make such despicable people richer.
  Member 13.05.2015 1 28
That's why I don't use oxygen, because the degenerates in the world do. They also use regular money as well, which is why I trade in alien piss flaps. As far as I know, no bad guys use this currency yet.
  Member 23.09.2016 195
hah alien piss flaps I can only think of some greenish grey folds of alien vag
"Musicians don't retire; they stop when there's no more music in them." -Louis Armstrong
  Resident 15.09.2011 1 3791
I see Bitcoin as a way to fight the banking system as it is, and I like anything that works against the current greedy as fuck banking system. All banks should go out of job. Rotten, greedy, fucked-up wankers.

So I agree with SAiNT. It is not going to go away and the whole world will be thankful for that at some point, I think.

Down with the banks!
"The real hopeless victims of mental illness are to be found among those who appear to be most normal." - Aldous Huxley, Brave New World Revisited
  Resident 14.05.2014 83
Damn tons of hate in here.

Say what you all will but blockchain technology is the future. Bitcoin may die and fizzle away sure, but blockchain and other projects will florish. To all those saying this space has fizzled out and its a scheme and blah blah. Ill drop by to laugh here during the next bull run. Right now bitcoin is $7549.... Talk to yall later
"Set the controls for the heart of the sun"
  Resident 8.08.2017 1 313
People hate what they don't understand. I've been on this ride for many years and we're still early. Projects are just now starting to gain some momentum, and I'm not even talking about Bitcoin.
  Administrator 1.01.2004 301 1135
correction - people afraid of what they don't understand and sometimes they hate what they're afraid of.
  Moderator 21.01.2012 2371 16090
Thousands of years of "civilization" we are still there .....
We could burn sorcerers and witches again
  Resident 28.06.2013 687
so, by the end of the year (this was posted in 2018), the price dropped to $3729. i'm thinking that falls far short of the 400% gain that was promised by the end of the year.

but the good news is that it has climbed back up to $9339. so if you were bold enough to hang onto it while it dropped to half of what you paid for it, you are now up by 23%. still not 400% though.
  Administrator 1.01.2004 301 1135
at the moment of writing the price was around 10k, after that we went into deep correction to 3k and after that the price hit 13k, so even if you would enter at 10k you could earn 3k of each coin. right now we're in a huge 2 year triangle and once we break it this year, there will be new all time highs. too bad you will miss it with that attitude.
  Resident 28.06.2013 687
not even close to 400% return, though. not even close to 100% return.
  Administrator 1.01.2004 301 1135
i have no doubt that it will be much higher.
  Member 16.05.2018 31
37 millions in bitcoin just go stolen last week. Which can not happen on a fund in your bank, insurance company...

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