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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

comments

  Resident 30.01.2014 6 2174
+366
I am not defending shitty crypto currency. It's the next big enslavement technology.

BUT once the whole FIAT CURRENCY money-system breaks apart (which it will eventually)
or just if they need your money to "save the US" or "save the EU" (or whatever is going to
be saved by your money allegedly) they can take it from your account easy as "1,2,3". ;)

Read your banks guidelines / terms of use and you will see that NONE of the money in / on your account is yours in the first place.

And THAT is just the beginning. I wouldn't want to go too much into detail here.


BUT both - crypto shit and fiat money shit (which is mostly digital money too (just not encrypted and a diff. system, can be created out of thin air having not existed in the first place) are a SCAM by the very same people. ;)

So don't be naive guys on both sides of the table.

THEY JUST CHANGE THE GAME / theatre play.

Not just currency / money-wise but overall.

But this would seriously be WAY too much / longt for this answer.
  Resident 8.08.2011 436
+65
quote by Danny JoonMusicDamn 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


So, a month has gone by. How much have people made? Oh. It's lost another $1000USD in value.
  Resident 11.02.2014 1 99
+115
Thank you SAiNT.
Well appreciated in 2020
  Administrator 1.01.2004 301 1139
+23640
i'm done trying to explain how these things work. bitcoin is heading to greatness and if you haven't already, yesterday was the best time to join.
  Member 11.10.2020 8
0
the idea that a currency which can not be controlled by the government would be a useful thing is not only questionable, it is simply wrong that the government wouldnt be controlling it.

everything regarding crypto-currencies happens under the rules of the capitalism.

everything about it falls under federal law. if it wouldnt, you could not use it at all.

and the creation of cryptocurrencies value is indirectly bound to the creation of regular currencies. because what was first, crypto coins or hardware and energy? see what i mean.

one might argue that in theory at least everybody could join in the currency creation. but if you look at the market you will find that in realitity it is only a small group of billionaires who own 90% of the mining farms.

then there is the third problem, and that is that blockchain technologies require massive amounts of energy. this will sooner or later 1. create more climate issues 2. makes household eneregy more expensive because of eneryg shortage and 3. ends crypto currencies because of their expansional character.

someone above mentioned "pyramid systems", and that analogy is probably halfway right: crypto currencies and their creation requires that more are created in the future, or the interest of the producers and owners fall to zero.

and in capitalism nobody produces anything without making profit - not even if you wanted to.

...

do you guys remember the promises they made about crypto currencies? it´s free, it´s safe, it´s easy to use!
now, 8 years later we had three cases of massive fraud systems where billions disappeared in the nirvana, topped by one case where a whole currency went boom because the owner "lost his password".

and what do you guys think who pays for all the advertisements? how many other social projects do you know which are so agressively advertised?

don´t be naive. normal people control nothing about that.

if you think it is cool to pay 7 euros for a cup of coffe and pay for it using bitcoins, fine.

i dont think it is cool because that single transaction requires several kilowatthours of energy and causes tons of carbon dioxide.

in my opinion, things like coffee should be free. THAT will make me independent.
while at the same time the wages for the coffee farmes should raise. now you know where i am coming from. ;)
  Member 11.10.2020 8
0
Finanzdienstleistungsinstitute sind Unternehmen, die Finanzdienstleistungen für andere gewerbsmäßig oder in einem Umfang erbringen, der einen in kaufmännischer Weise eingerichteten Geschäftsbetrieb erfordert, und die keine Kreditinstitute sind. Finanzdienstleistungen sind [...] die Verwahrung, die Verwaltung und die Sicherung von Kryptowerten oder privaten kryptografischen Schlüsseln, die dazu dienen, Kryptowerte zu halten, zu speichern oder zu übertragen, für andere (Kryptoverwahrgeschäft)

§ 1 Abs. 1a Satz 2 Nr. 6 KWG
  Resident 18.10.2019 1 228
+131
lol... this thread is amusing. It's funny how many of these comments didn't age well.

Also amazing how much "TV" & "Media" propaganda and nonsense is being parroted.

Meanwhile, the bitcoin honey badger doesn't give a fuck about any of it and will continue to slowly plow through fiat and become an even bigger store of value, day by day, year by year.

You know what is really hilarious as well as absolutely stupid here?

All the people that bitch about btc not having value, yet happily use a diluted fiat currency backed by nothing more than debt and imagination. That fiat currency is being printed and diluted continually with no end in sight. (what do you think inflation is? It's theft, just like quantitative easing, just more hidden taxes.) All that is perfectly fine for the btc haters though... the haters that missed the boat, which is really why they always whine about it.

btw - you can still buy btc incrementally and average down like any other investment.

Please continue the whining and hate. It just drives more attention to it.
  Member 14.04.2015 7
0
Hi Guys, Just to chime in here.

I've been in the crypto space for many years, made some money and lost money too. However, gained much experience and let it be known to you guys that 99% of people have no clue about this space and /or what is coming.

Bitcoin, unfortunately will never be a currency as it was first intended. It was hijacked by bankers ages ago and the Bitcoin System has been changed. It is now only been used as a store of value and is a highly speculative asset with no real world use case.

I do have a portfolio I've built up over the years of coins that have good tech, teams behind them and do have a use cases but i recommend each and everyone of you to do his/her own due diligence in this space as it is highly volatile.

We are living in crazy times and also in exciting times. Why? What we are about to witness is the greatest biggest Transfer of Wealth in History of Mankind. yes you heard that right. You've all heard the saying by now everywhere. "The Great Reset" "The New World Order" This is not conspiracy guys, this is what is happening now in Real time. We are headed to a cashless society and most of us use contactless cards now anyway. Trust me, you ain't gona beat the Banks. They are all in on Crypto now, Yes all of them! They are collapsing the old antiquated system for this new Digital one. and it's going to affect everyone on this Earth.

Basically this is going to be the new digital quantum World Financial system. Yes everything is going to be tokenised through certain crypto/digital coins/assets. And let it be known to you that Bitcoin is Not the One folks. It's too clunky and Slow and tech wise is outdated and also supressed .I'm not here to argue with any of you, I've done years of research on this and many of the youtubers in the space know what I'm talking about. Don't be deceived by the Parabolic rises in price of BTC, as it will have many crashes too. There are many other coins out now that are far better and cheaper, I'm talking about life changing wealth on scale that has never ever been witnessed before. Is it too late to be a part of this Financial Revolution that is about to take place? NO! You can buy any of these coins This is not financial advice and I'm not a financial advisor but as a fellow Musician I'd like to share some of the top ones. IMHO, checkout these coins,. You can thank me later. Ripple (XRP), Cardano (ADA), Ethereum (ETH), Stellar(XLM). Vechain (VET) there are others too. Btw , keep making and playing Good Music, Peace
  Resident 28.06.2013 687
+256
i'm here to eat some crow and congratulate all of those who had the foresight and the fortitude to invest in bitcoin below $4k and hold onto it long enough to 12x their money (or more).
  Resident 18.10.2019 1 228
+131
There is a simple Bitcoin recipe that tastes really great and has been used successfully for many years:

Step 1 - Play around with shitcoins and take profits.
Step 2 - Take a bunch of that profit and diversify by reinvesting it, especially into Bitcoin.
Step 3 - Stack sats, protect your wealth and enjoy life.

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