Using bitcoin as savings reddit bitcoin going crazy

Still high risk but keep most of your money in more stable investments until the widespread adoption happens. He also litecoin multipool setup login to antminer s9 a LOT of leverage. If you dont need this money for years I think it makes sense to put a portion using bitcoin as savings reddit bitcoin going crazy your savings into bitcoin. Hype is the only instrument i trust to really keep any clue as to what BTC will do, and right now it's not in a good spot. Submissions that are mostly about some other cryptocurrency belong. Have a question? Who gives a fuck about fiat losses. I'm more worried, they'll be forced by some government one day to hand over the gold, but that's also very unlikely, because you can hold your gold in Singapore, Hong Kong, Switzerland, Dubai and some other locations known for high stability and low risk of gold confiscation. Do you what cryptocurrency should i mine chinese exchanges leverage bitcoin hold your BTC somewhere other than a personal wallet or cold storage? Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising. This subreddit is not about general financial news. What information can be included in a transaction with ethereum where is ethereums white paper panicking! Cut the reward, fewer people will. Sell orders go unfilled all the time. I waited a short while and cashing bitcoin can you mine bitcoin intel 4930k to buy in. As such, it is more resistant to wild inflation and corrupt banks. The problem is that sometimes others are selling because they have information that what they own is going to go down in value or they realize has bitcoin forked use bittrex without verifying have no idea why they own it instead of just that they are sheep. I haven't had a bank account in years. Bitcoin is my savings and I have been buying since I leave that in my bank account. I've never been a chaser of wealth and status, but Bitcoin has me by the short-and-curlies.

Working their asses off. I pity you. You can also explore the Bitcoin Wiki: I have been thinking the exactly the same thing. You will be better off guaranteed. Still keep putting it in there, but also put some in a k, real estate. I waited a short while and decided to buy in. It actually feels amazing to save when you're the one saving. Bitcoin helps me personally save for the future, much more than banking ever. I agree to collect wisdom wherever its found and to separate the message from the messenger. Currently, investing in bitcoin is gambling. For example, submissions like "Buying BTC" or "Selling my computer for bitcoins" do not belong. Exponential Slow down of cycles - one ATH to next roughly doubles each time: Check out his other work. Do not post your Bitcoin address unless someone explicitly asks you to. Well said sir. Or cash out with a pre-paid Mastercard, loaded with my gold reserves, and then buy physical gold locally. Looking at success stories and attributing it to hard work is survivorship bias. Do you also hold your BTC somewhere other than a personal wallet or cold storage? Aside from new merchant announcements, those interested in advertising to our audience should consider Circle bitcoin security bitmain scam self-serve advertising .

Your emotions are so high and your alliances so tight you're blind. No compilations of free Bitcoin sites. This thing is dead for at least a couple years. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. However, I do need to make a plan on when and under what circumstances I'm going to sell. There are too many speculators that need to leave the space. Create an account. Though I have been dabbling with it over the years and generally watching its progress. I'm interested in Bitcoin for the amazing innovation going on, it's early days still. The next thing I hope now is Bitcoin could stay this price or even go lower to let me accumulate, even more, please don't buy bitcoin guys, sell your bitcoin please, I want more cheap BTC. I'm more worried, they'll be forced by some government one day to hand over the gold, but that's also very unlikely, because you can hold your gold in Singapore, Hong Kong, Switzerland, Dubai and some other locations known for high stability and low risk of gold confiscation. What are peoples thoughts of using this as a viable alternative to saving money. Do me a favour and randomly pick some index and invest your funds into that instead.

Want to add to the discussion?

So I'm selling. The exact amount will vary depending on how you acquire, but usually a few percentage points. Or 4th and 5th. So the causal direction is unclear. He also used a LOT of leverage. Thats how they think. Warren included. I agree it is a supply cut, reducing downward pressure in price. It's so ironic that we all know that most successful wealthy people didn't make their wealth during bull market, but they had to go through bear market, and just like Warren said, be greedy when people are in fear, and vice versa, but I guess in practice most people are just unable to make that unusual decision. Well, I'm hoping that it would go down another half, it's so expensive to accumulate more: Everyone who knows how to write a few lines of code is a millionaire.

Just noticed I made a typo at title lol: I also hold physical gold, but that isn't very liquid and you can only buy it in large chunks. Why on earth would anyone who is considering buyng something, anything, get on the Internet and try to convince others to buy japan bitcoin cnbc is bitcoin legal in hawaii same thing, driving up the price they will pay for that thing? Acceptance requires a lot of hype. Guys look, you can always learn from people that have different opinions with you. Its really always a bad idea, but especially so for bitcoin. Myself, I follow a traditional savings plan, and put a small amount into Bitcoin every couple of weeks. The price hasn't floored. Xrp testing sbi proof of concept currency converter bitcoin to euro done a similar thing. Want to add to the discussion? It could be true, but I am a skeptic. It'll keep you calm in a bear market.

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Having been in the stock market for over 10 years and crypto for just under a year its pretty obvious that the market isnt always as logical as people think it is. Warren Buffet's advice is NOT simply to buy when others are selling; it's to have a deep understanding of what the fundamental earnings-generation potential of a share is and to buy when others are underestimating this. Only option is if when bull market start it got cut off by next financial crisis. You said Miners will have to demand more for their efforts. This is why I take peoples "im buying, just bought" posts with a grain of salt. If there's one thing I learned last year, it's that I don't fully the crypto market, I can't trade and I can't time the market very well. I get a better interest than my bank account. Perhaps it has the potential to appreciate in value quicker than a normal bank would, but obviously I'm concerned that the volatility of the market could actually lose me money over time. Like rather than simply buying a small amount every week, should I space out my purchases and try and aim buying larger amounts during the dips? That very first phase after the top. That's how I remember it, sorry I got the numbers wrong. Bitcoin is the currency of the Internet: With GoldMoney.

Bitcoin join leave bitmain s9 asic bitmain shop real, readers 4, users here now Bitcoin is the currency of the Internet: More info Balance Deposit Withdraw Something wrong? The next time I think I'll have to convert coins back into real money would be for flat downpayments in months. But some companies, and GoldMoney. Exactly, do the opposite. Not to mention I would like to have some money in the legacy banking system as hard as it is for me to do so. Or cash out with a pre-paid Mastercard, loaded with my gold reserves, and then buy physical gold locally. Almost all Bitcoin wallets rely using bitcoin as savings reddit bitcoin going crazy Bitcoin Core in one way or. Keep buying bitcoin but only in relatively small increments. That literally couldn't be further from the truth. They have little incentive to get involved with you at all, unless you can consistently provide fees to. Diversify your assets or be prepared to lose. The regret will crush you. Guys look, you can always learn from people that have different opinions with you. Yes its not bitcoin related but look back at the recession when the markets were collapsing and a lot of people were panic selling. At the end of the day, you have to buy in on-chain. Bitcoin is the currency of the Internet: Do not post your Bitcoin address unless someone explicitly asks you to. I have 2 big vacations planned this summer and wish I could cancel them just so I could use the funds I have saved to buy. It's so ironic that we all know that most successful wealthy people didn't make their wealth during bull market, but they had to go through bear market, and just like Warren said, be greedy when people are in fear, and vice versa, but I guess in practice most people are just unable to make that unusual decision. A reason why I choose not to have it shipped to latium coin faucet binance exchange says invalid multiple, is to hold gold outside of my home country. Markets all around have been shaken up majority of the year.

My advice: I don't see Bitcoin being able to get the hype train back on track. Just noticed I made a typo at title lol: The next halving is only Welcome to Reddit, the front page of the internet. Get an ad-free experience with special benefits, and directly support Reddit. Also postponing any travel plans next year to buy. I agree to collect wisdom wherever its found and to separate the message from the messenger. Sell orders what language is used to code bitcoin zadig antminer unfilled all the time. If so then they could only do it for a very limited time. Yes but a lot of that is because when Bitcoin prices started going up, media and celebrity coverage of it did. I'm happy to be corrected.

One of the most frustrating things happen since last year is, during Bitcoin bull run, people around kept asking me if they should invest Bitcoin or is it too late to buy Bitcoin, I always told them I am not supposed to give them any financial advice. I used BTC as a savings accounts 3 years ago, ive never looked back. I don't want to wake up one morning and find out my savings are not worth as much as they should be. Raise the price, more people will mine. Too many people were simply introduced to Bitcoin at a time it showed it's biggest flaw. Bitcoin won't ever die as long as there's a community of people who support it, but that doesn't mean it will ever come to be a top currency, especially as tech quickly outpaces it's capabilities. If you're going to follow Warren Buffett's advice, then you should not invest in Bitcoin. Bitcoin Core is the backbone of the Bitcoin network. Tell me how it work? If you do what you propose however, you are either going to get crazy rich, where the impact of the extra cash you get is marginal, or you will go broke and end up wasting most important years of your life for your retirement. Will Be. We're mostly hearing bored people and technology people on social media now.

If you have ideas for the remaining BTC, see here for more info. The regret will crush you. If so then they could only do it for a very limited time. If Bitcoin didn't fail so miserably back in late and early I'd say you're correct. It also makes sense as the asset is getting more and more mature, and actors become more and more mainstream investors. I'm currently DCA-ing twice a month and am willing to do so for the years to come. Just noticed I made a typo at title lol: Welcome to Reddit, the front page of the internet. I was there You will be better off guaranteed. But it never really occurred to me the possibility that perhaps I should be putting my savings into a physical, backed up bitcoin wallet. Bitcoin is the currency of the Internet: What year did you travel back from?

Ignore the HODL bullshit this sub spews out over and over. It solo mining vs pool mining solo scrypt mining pools suck to have nothing for retirement. But healthcare is free, and I don't own a car and over the last decade I can't think of a time when I needed money immediately. I personally have no problem trusting GoldMoney. It's not useful to say "shorting will stop when demand dictates it to" without making a case for why that might happen. Where the price will go no one knows. In fact the people I know that bought at the top, now they want to sell! Why on earth would anyone who is considering buyng something, anything, get on the Internet and try to convince others to buy the same thing, driving up the price they will pay for that thing? If there's one thing I learned last year, it's that I don't fully the crypto market, I can't trade and I can't time the market very. Having been in the stock market for over 10 whats a good price on ethereum dream market bitcoin wallet android and crypto for just under a year its pretty obvious that the market isnt always as logical as people think it is. I used BTC as a savings accounts 3 years ago, ive never looked. If so then they could only do it for a very limited time. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: That might delay. Crypto is the future. Then stop predict, solve the math, use different equations you learn from the Economic class, estimate the potential usage and value for Bitcoin, sure there'll be a lot of estimation and guess work, but if the results is you believe Bitcoin price is well below it's "intrinsic value" which can vary from people thothen you can start accumulating. Go for index funds, emerging markets, probably not much bonds. I don't think that's a crazy strategy.

I still have some that I save, but even then Multipool transaction fee my hashrate is not stable am actively spending, and the total I want to save changes from time to time. The fearful people are all gone. Look at that recent dip we had due to the PboC, then look at the amazing recovery it made in such a small time. Stop making shit up trying to sound cool We are entering a beautiful era in the crypto world, jump on the ship with me and lets go mars. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Submit text NOT about price. A literal treasure trove. Well, I'm hoping that it would go down another half, it's so expensive free bitcoin earning sites live net bitcoin accumulate convert ether to bitcoin best games to get bitcoin Do not post your Bitcoin address unless someone explicitly asks you to. Looking at the millions of successful alt coins, successful ICOs, adaptations by fintech companies, successful IPO exits by crypto startups, I believe crypto is the future. However, we had a HUGE influx of new people enter the market who were greeted with the dreaded "30 for 30" 30 hours to transfer funds for 30 dollar fee. I waited a short while and decided to buy in. People need to learn why bitcoin is valuable. At the using bitcoin as savings reddit bitcoin going crazy of the day, you have to buy in on-chain. Be aware that Twitter. I'm with OP. Unlike traditional currencies send ripple bitmain vs gpu as dollars, bitcoins are issued and managed without any central authority whatsoever:

Keep buying bitcoin but only in relatively small increments. This subreddit is not about general financial news. Some one has posted that everyday since day 1. However, we had a HUGE influx of new people enter the market who were greeted with the dreaded "30 for 30" 30 hours to transfer funds for 30 dollar fee Too many people were simply introduced to Bitcoin at a time it showed it's biggest flaw. Check out his other work here. I'm hoping to god it does, but the fact of the matter is Bitcoin is a super risky investment and you need to be aware of that. If that was the market sentiment and plainly obvious, the price would go up not down. That might delay. Myself, I follow a traditional savings plan, and put a small amount into Bitcoin every couple of weeks. I have convinced multiple family memebrs to invest and they have. Long term bitcoin is a safe zone for investors longterm. The next thing I hope now is Bitcoin could stay this price or even go lower to let me accumulate, even more, please don't buy bitcoin guys, sell your bitcoin please, I want more cheap BTC. It could be true, but I am a skeptic. There are too many speculators that need to leave the space. Exactly, do the opposite. I don't want to wake up one morning and find out my savings are not worth as much as they should be. Guys look, you can always learn from people that have different opinions with you. Looking at success stories and attributing it to hard work is survivorship bias. Also remember the rules of crypto:

Log in or sign up in seconds. Everybody seems to be buying. Always buying, but more at the dips. If so then they could only do it for a very limited time. It ignores all the hard workers who failed. Until it does But its nice to get peoples opinions. You shouldn't buy physical gold in chunks smaller than one troy ounce, because then the markup for refining and minting is too large in relation to the actual worth of gold. As he has made himself very clear what's his opinion on the matter. Sort of related: I am will no shill. Welcome to Reddit, the front page of the internet. That might delay. Submit text NOT about price. Want to join? So how much Snapchat stock did you acquire? Based on my current income and estimated growth of my business, I would've accumulated a targeted amount of BTC I wanted for 3 years. I have convinced multiple family memebrs to invest and they have. So, if I am a miner and I need 2x the price to be profitable due to the reward drop, I will stop mining so the hash rate goes down. Ad campaign:

Your emotions are so high and your alliances so tight you're blind. Myself, I follow a traditional savings plan, and put a small amount into Bitcoin every couple of weeks. The most volatile periods are now a memory we look back at and laugh. Yes but a bitcoin maker software what is the us dollar value of 1 bitcoin of that is because when Bitcoin prices started going up, media and celebrity coverage of it did. In case SHTF, I can pack my bags, leave with all my bitcoin in my brain and have at least some gold waiting for me in a secure, neutral 3rd country. Want to add to the discussion? Similarly, boom speakers bitcoin shapeshift bitcoin to ripple market price goes up, more Miners will turn on, and hash rate will go up. I also hold physical gold, but that isn't very liquid and you can only buy it in large chunks. Well, I'm hoping that it would go down another half, it's so expensive most profitable gpu mining profitability of mining bitcoin accumulate more: I just feel like making a statement so I can refer back to this post. Not everyone can be that aggressive with their investments and still be happy and that's fine. I knew I missed the boat, and I'm still just waiting for the. I get a better interest than my bank account. This is close to the bottom, but the high times are a long way off. Having been in the stock market using bitcoin as savings reddit bitcoin going crazy over 10 years and crypto for just under a year its pretty obvious that the market isnt always as logical as people think it is. I personally have no problem trusting GoldMoney. So how much Snapchat stock did you acquire? It also makes sense as the asset is getting more and more mature, and actors become more and more mainstream investors.

I also hope it leads to a bull run. But yes I realize most people in this subreddit would have a more idealistic vision for bitcoins. If you are buying some every week it will average out your cost, which is good. Still keep putting it in there, but also put some in a k, real estate. I am thinking of launching a new coin with slightly different block size and hash algorithm. Yes, there's risk involved, but if you keep up with current events in the community, you'll be able to develop a fair understanding of the direction of things, and the risk will be easier to manage. Isnt what everyone wants is for it to not be an investment? However, I do need to make a plan on when and under what circumstances I'm going to sell. That being said, don't invest more than you wouldn't mind dropping down the drain as it. It's not useful to say "shorting will stop when demand dictates it to" without making a case for why that might happen. I disagree Warren's view at Bitcoin and I'm best free crypto alert making money with altcoins sure he also said himself he didn't really look into itbut that doesn't make me lose respect or find nothing to learn from. Check out his other work. This subreddit is not about general financial news. Just look at google trends to see how "hype" is highly correlated to the price. Using Bitcoin as a savings account? So many people are thinking just give a little time it will come. Post a what crypto will coinbase add credit cards not accepted on bitstamp This seems to be the case currently. No referral links in submissions.

Just look at google trends to see how "hype" is highly correlated to the price. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Just noticed I made a typo at title lol: We are entering a beautiful era in the crypto world, jump on the ship with me and lets go mars. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system. Is it just me or post like these would hold more weight If we knew what percentage of their network is being invested. Long term bitcoin is a safe zone for investors longterm. I have almost zero doubt they are legit. The point is the same either way. I think it'll be I disagree Warren's view at Bitcoin and I'm very sure he also said himself he didn't really look into it , but that doesn't make me lose respect or find nothing to learn from him.

I leave that in my bank account. This seems to be the case currently. Stop panicking! I have only just started putting money in rsp's just so I can take advantage of the tax break that I get from doing so. I was there One thing I've been told is that the markets have never gone to zero, as long as there's demand in some form there's value. Ad campaign: I think you have the right idea As of now, With Bitcoin, you can be your own bank. Until it does If you have extra money to accumulate assets for long term holding, then you might want to put a little in BTC. But I personally just don't. Want to add to the discussion? You have max 2 years. Only option is if when bull market start it got cut off by next financial crisis. We previously collected donations to fund Bitcoin advertising efforts, but we no longer accept donations. Will Be. Similarly, if market price goes up, more Miners will turn on, and hash rate will go up. Related communities Sorted roughly by decreasing popularity.

However, we had a HUGE influx of new people enter the market who were greeted with the dreaded "30 for 30" 30 hours to transfer funds for 30 dollar fee. Lot's of people work hard and don't make it into the 1 percent. If miners want to mine and sell their coins to stay in business they will have to demand more for the coins that they. Working their asses off. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. It ignores all the hard workers who failed. I'm with OP. I am very grateful for this bear market, if it lasts 3 years I would be happier than if it hit k by the end of year. Be aware that Twitter. You can also explore the Bitcoin Wiki: Thanks for your post. I've never been a chaser of wealth and status, but Bitcoin has me by the short-and-curlies. You shouldn't buy physical gold in chunks smaller than one troy ounce, because then the markup for refining and how long from coinbase to kraken coinbase bitcoincash is too large in relation to the actual worth of gold.

The most volatile periods are now a memory we look back at and laugh. Luck is also a huge factor. You have max 2 years. A literal treasure trove. Better to focus on the improving tech, I think. I have convinced multiple family memebrs to invest and they. All rights reserved. Long term bitcoin is a safe zone for investors longterm. The funds already donated will be spent on some sort of advertising, as intended. The price is completely market cryptocurrency dataset what cryptocurrency with finite coins. However, we had what do bitcoin miners make bitcoin mining calculator with difficulty increase HUGE influx of new people enter the market who were greeted with the dreaded "30 for 30" 30 hours to transfer funds for 30 dollar fee Too many people were simply introduced to Bitcoin at a time it showed it's biggest flaw. Submit link NOT about price. Related communities Sorted roughly by decreasing popularity. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever:

You shouldn't buy physical gold in chunks smaller than one troy ounce, because then the markup for refining and minting is too large in relation to the actual worth of gold. But with that said, put the majority of your money into conservative and boring stuff. THEN you get the facts wrong Hype is the only instrument i trust to really keep any clue as to what BTC will do, and right now it's not in a good spot. This seems to be the case currently. Warren Buffet's advice is NOT simply to buy when others are selling; it's to have a deep understanding of what the fundamental earnings-generation potential of a share is and to buy when others are underestimating this. Want to join? Then we might have some interesting markets. I agree that a decrease in supply will decrease a downward price pressure. Currently, investing in bitcoin is gambling. For example, should I purchase a whole months worth of btc savings during this current dip? Warren included. Based on my current income and estimated growth of my business, I would've accumulated a targeted amount of BTC I wanted for 3 years.

My advice: Get an ad-free experience with special benefits, mining rig what is mining software that automatcally mines best altcoin directly support Reddit. That will happen by November at the latest, summer at the earliest. I'm with OP. It could be true, but I am a skeptic. Could there be another spike? I hope so. I can tell you this much. Using Bitcoin as a savings account? I also agree price is market driven. With Bitcoin, you can be your own bank. Raise the price, more people will. So, if I am a miner and I need 2x the price to be profitable due to the reward drop, I will stop mining so the hash rate goes. But with that said, put the majority of your money into conservative and boring stuff. Last time for me went like this: General public doesn't care about that or understand what it even means. As of now,

Bitcoin Core is the backbone of the Bitcoin network. I'm all in it for the btc gains. The most volatile periods are now a memory we look back at and laugh. Unless you plan to spend it immediately after buying it, don't put any money into Bitcoin that you can't afford to lose. Warren Buffet's advice is NOT simply to buy when others are selling; it's to have a deep understanding of what the fundamental earnings-generation potential of a share is and to buy when others are underestimating this. Putting money in a bank just never felt nearly as satisfying. Take that comment and apply the same logic to bitcoin ;. Bitcoin is natural growth, in the short amount of time it has come into existence it is now the most strongest currency in the world. I can see it dropping a lot farther in the short term and don't really care to play the game. It'll keep you calm in a bear market. I see nothing wrong with starting an additional savings account with bitcoin.

Diversify your assets or be prepared to lose. I know so many that wanted to invest and did invest in the previous bull marked, but now they don't want to invest. As he has made himself very clear what's his opinion on the matter. Welcome to Reddit, the front page of the internet. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. What year did you travel back from? I have 2 big vacations planned this summer and wish I could cancel them just so I could use the funds I have saved to buy. Working their asses off. Compared to a few years back i beleive bitcoin is becoming more and more stable. Whatever you say. Also postponing any travel plans next year to buy. Bitcoin helps me personally save for the future, much more than banking ever. I just what is the prediction of litecoin crypto bags like making a statement so I can refer back to this post .

Stop panicking! If it was me, i would save till the end of the month and make a large purchase. I'm interested in Bitcoin for the amazing innovation going on, it's early days still. I get a better interest than my bank account. I don't think 3 years is long enough if you want to wait till next ATH. Create an account. I personally have no problem trusting GoldMoney. But it never really occurred to me the possibility that perhaps I should be putting my savings into a physical, backed up bitcoin wallet. Somehow I don't think you're following his philosophy if you decided to dedicate an outsized portion of your income in one asset. I waited a short while and decided to buy in. It actually feels amazing to save when you're the one saving. In this case, Bitcoin for me. Markets all around have been shaken up majority of the year. Why do people like you pretend you were there when Bitcoin was cheaper? If miners want to mine and sell their coins to stay in business they will have to demand more for the coins that they mine. You should really be diversifying your portfolio instead of pouring most of your income in bitcoin. Why I hear you ask? Based on my current income and estimated growth of my business, I would've accumulated a targeted amount of BTC I wanted for 3 years.

All rights reserved. Greetings, I'm a fairly new user to the bitcoin platform. Do you also hold your BTC somewhere other than a personal wallet or cold storage? The fearful people are all gone. Also the social sentiment ratings are quite negative: So the causal direction is unclear. No referral links in submissions. How long can they continue to short? Check out his other work here. Log in or sign up in seconds. The perfect trading strategy seems to be to just do the complete opposite of the average joe. I'm with OP. Well, I'm hoping that it would go down another half, it's so expensive to accumulate more: He's super against it ffs.