As previously stated, I'm completely new here, so I'm still a bit lost, but I feel like I'm picking up on what is apparently a shared sentiment here - Bitcoin only, because no other crypto is legitimate. Assuming I'm reading the room correctly, should I dump all my current crypto into Sats? One more thing - I'm on Coinbase. Is that acceptable or do I need to bail on that as well?
Some other altcoins may have a certain utility, but in the long run, #Bitcoin will be all that remains. Coinbase might be okay for buying, but I wouldn't leave any significant amount on the exchange for very long. Educate yourself on how to self-custody your bitcoin.
Got it! I don't have any truly substantial amount of crypto, but I probably still won't let it all remain there much longer, now that I'm in a community with tons of good info on how to navigate the landscape
YES! Coinbase is a good start, but it's a Shitcoin casino. I'd recommend nostr:nprofile1qqsvn0dkjt80raqrxd470c98n7zrdehmcvj6p5hgw3kyku6zyd8z0fqpzdmhxue69uhhwmm59e6hg7r09ehkuef0007a2q
Thank you for the reply! I'll definitely look into that
First thing first, don't rush into anything. Nothing good comes of doing things in a rush.
Not sure what country you're from, but all trades from any crypto to another is considered a taxable event in most countries. That means in the government's eyes, you sold your old crypto for cash and then bought the new crypto with that cash.
This shouldn't stop you from doing the trade, but you should keep records of your actions and research into the tax implications to be safe.
Bitcoin is the innovation. The media, the banks, and other bitcoin deniers think that "blockchain" is the innovation but as a technical person myself, I'll tell you that isn't true.
Oh and Coinbase has a shitcoin called sats because why the f not. Don't get confused and end up buying that.
Be safe, sticking to bitcoin will keep you far from so many scams and grifts.
Welcome.
Thanks for all the good info, and for the warning about "Sats". I'm in the US, by the way.
You should do your own research and make your own decisions. You will find some of the brightest and most well-informed minds on Bitcoin here.
The Bitcoin FAQ you want is at Loop.net - its everything you could need as a reference. nostr:nprofile1qqs0w2xeumnsfq6cuuynpaw2vjcfwacdnzwvmp59flnp3mdfez3czpspr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0yfjuhy is here and posts often, follow him.
Listen to nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qyt8wumn8ghj7un9d3shjtnswf5k6ctv9ehx2aqpr9mhxue69uhhxetwv35hgtnwdaekvmrpwfjjucm0d5klqft7 here as well - he's the shit.
Have fun.
Thanks for the info!
