Homes are as good a hedge against money printing as BTC. Less portable perhaps, but also, more comfy.
"Mate, have THIS coffee. I used Lightning".
OK, so really I used bitrefill to buy a Tescos voucher and put some coffee and cream (because of course) into the basket, but thats almost more awesome than a zap :-)
Gentle Reminder UK bitcoiners.
Remember to use your annual CGT exemption to lock in tax free gains every year. Sell one day, buy back the next.
Maths
10K in BTC. It doubles. You sell, you buy, your new base is 20K
Next year, it doubles, you sell half, you buy, your new base is now £30K
Debt default would indeed do that. But what do we care? We got BTC :-)
You might consider it reasonable, and the Taleban think their treatment of women is reasonable. Both of you are WRONG. TBH, so was Twitter, but their ball, their rules, their freedom.
Tried Peach Bitcoin app. Liked the idea BUT
I'm 59, phones are way too fiddly small screens for serious shit. Maps, fine. Doom scrolling, also fine. Anything else? Not if I have ANY other option.
Devs - ALWAYS have a web option for those of us with proper screens and keyboards.
Sort of. Whatever you do, DO NOT work out how many sats the steak was, and if you do, FORGET it by BTC at $1M in 2030 :-)
This morning I stood on one leg and put my sock on the other foot. RESULT!
10 days since I put my back out:-)
Remember young folks, you can stay up with the tech, but your body will start to bugger you about:-)
To be fair, humans are naturally, many many things, largely driven by the resources within each culture and their distribution. Serial monogamy is merely the most common.
10% gains on the week.
BTC is sound.
Keep stacking.
Local relays for speed and most contacts. Same language country relays for reach.
Empires on which the Sun Never Set:-
A) British
B ) Bitcoin
I don't see it happening unless people start using LN (or other) as standard, so that onchain basically become occasional, large, balancing settlement type payments.
I think the way fees happen means that onchain can't do small value at scale.
What's your timescale. Mine is 5-10 years, and it's a total steal at these prices. Dollar cost averaging is the way.
Lenin IIRC :-)
Many people in the invaded areas of Ukraine might take issue with that.
Where you are born and to whom, and what resources they had to support you through formative years all has a huge impact.
Most Americans have a much better life than similarly talented people in say Zimbabwe.
Many such people rightly spot that the "do one thing" is to move to the USA (other rich countries are available), but we mostly don't let them in.
Meanwhile on YouTube, Bitcoin TA guys reverse ferreting all over the place, every day, with every move BTC makes.
Fair enough if they are trying to play with options and make gains all ways, but mate, take a 5 year view, go home and have a life :-)
Surely it's Non-str (the non is French, and the second N is silent).
Says me, who thought it was Lie nux for too many years...
All currency is fake. Even BTC.
Currency is simply a consensual delusion that it makes life easier. It's a first order derivative of actual assets. The silliness happens when that derivative is manipulated on it's own account.
BTC is the best fake currency, but if you want solid, follow the advice of mark Twain and "buy land, they don't make it anymore". Piles of gold or other actual stuff can be used instead.
I say currency not money because money is very poorly defined.
No offense here but I guess my perspective is so much different than most of the people out there sometimes I can’t even understand what they are trying to tell or ask. I see this kind of questions like “do you think it is crazy to invest BTC, or BTC don’t have any use case” I can’t even find enough common ground to start build up my arguments. And I know this is my problem and I should level up my game and that’s okay so I will try my best :)
Of course none of this is financial advice and it’s up to you to do your own research. That being said, I hate the current financial system. I hate it because it expects me to be an expert in investing just to not lose any money to their games. When I say “games”, I mean the credits they are giving for businesses, houses, investments, poor countries, themselves and everthing. None of this credit is an economical decision since there are no cost of creating money out of thin air. And I hate it because it makes the money lose value just while standing there. What I want to do is SAVING and not investing. I don’t want to research to find less risky ways to protect the buying power of the money I EARNED. It is my own money and it’s losing it’s buying power just like that because of some people out there invest something and get a nice low interest loan and bank just create some money or Government create new bonds or Government start giving banks credits to prevent them bankrupt because their older bonds is not earning enough since they increased interest rates to lower inflation and their newer bonds yield much more… Like wtf? And on top of all this is this crazy to put some of your money to Bitcoin? Because what it is very very difficult (almost impossible) for government to freeze your Bitcoin accounts, or Bitcoin doesn’t ask for permission from anyone and allows you to send your own money to anywhere in the world in half an hour anyday and any time of the day? Or is it crazy because Bitcoin has a transparent accounting that you can see what is going on instead of all the transactions done behind the curtain. Oh I know it is crazy because Bitcoin has a money policy that open for everyone to knew what will happen in the next 100 years. Is it Lightining? Maybe easy multisig options?..
Okay okay… I know that I’m being salty here and it is not easy for people to put their hard earned money to such a young thing (Bitcoin is 14 years old by the way) but please keep in mind this “young thing” was like a baby that left in the jungle. There was such high chances that for it to not survive. Not get enough attention, to be stomped on anything that would kill it for good. But as we all know after 14 years starting from literally zero and mined by CPU’s, today people build Nuclear Reactors and use Bitcoin miners to regulate the power generation, there is a country (I know it is small but a sovereign country nonetheless ) accepted it as Legal Tender. This young thing is traded around 25.000$ today and I know it is early but there is such a community behind it they are building, talking, helping and most important growing. Oh boy the community is growing everyday. And their message is crystal clear not like all the other complex financial instruments, “stay humble and stack sats”, “not your keys not your coins”, “bitcoin not crypto”.
So my dear friend I apologize from you if I hurt you at anypoint in my rumbling but that’s because of the passion I feel for Bitcoin. Because for such a long time it is the first time I feel optimistic about my own future thanks to the Bitcoin. Thanks to the Bitcoin I can safely SAVE my money and not worry about where to INVEST and maybe earn maybe lose. Yes there are still a risk for Bitcoin to not be with us in the future and I might lose money ultimately but I put my money where my mouth is and I’m happy for taking that risk because this is beyond an investment for me. This is a Barbaric Cry for me to say “Enough is Enough and I refuse to play any of your stupid games anymore. If Bitcoin goes to zero I am okay to die on this hill because at the end I know I tried and I did my best to change something. I run my own node I try to tell other people why Bitcoin is important. And that’s okay. I’m in peace and that’s what is important for me in the end.
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This was a reddit post I posted as an answer to a post. Just wanted to share here it seemed fitting.
Original reddit post: https://www.reddit.com/r/Bitcoin/comments/11vlg7e/im_having_a_crazy_idea/jcumpuu/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3
#plebchain #bitcoin
Cut out all the bull and the ONLY thing that counts as SAVING is owning assets.
Asset prices are not tied to how Gvt handles fiat.
If you bought a house in Germany in 1905 and sold it in 1965 I think you will have been through 5 or 6 different fiat structures.
What is an asset for these purposes? Houses/land/property. Gold. BTC does NOT meet all the requirements of savings because it's fundamentally a bet against fiat and as we reach the "they fight you" stage, the most at risk of confiscation by Gvts. They could do the same to land and gold (USA did do this to gold) but it's much more unlikely.
Bloody Hell : If this is what happens to BTC every time I take a day off I'm buggering off on holiday for a month :-)
Yes. It can do that in a zero inflation world simply by becoming an asset class that displaces parts of other classes. Gold, Land being the main likely ones. But, that won't happen fast, but will take more than a couple of cycles
Sry, looks horribly like a random file. All I see is View PDF Attachment, but it's not clear that it is a PDF... what's the book?
Politics.
It's all about the CENTER!
Leftists : Money doesn't grow on trees and planned economies don't work. You have to be supportive of business.
Libs (Libertarians) and Rightists : If you don't look after the losers as well, they will outnumber you and blow you up. You cannot enforce your beloved property rights without the agreement of those without property.
In the CENTER we like balance. Taxes to invest in common goods like DEFENCE (I NEVER hear Lib Americans complaining about the fact their Armed Forces, Police and Roads are as socialised as European Healthcare). And a business friendly structure so people with good ideas can make money.
Fair enough, I used Communism as a shorthand rather than it's formalism. Many groups tried holding all in common over the centuries before Marx tied it to the State.
I also accept it's a hard ask, even voluntarily. Hence my personal metric of median income in your society. It's unreasonable to expect an American to live in America on an Indian income. But is reasonable to as a rich American Christain why they are not living like an average American, and using the rest of their wealth for good.
FYI when i ask this of real people, they tend to either tell me the bible is poetry, not to be taken literally. Which is fine, when they take that approach to the Bible in general, but hilarious, (some might say hypocritical) when they say other parts have to be taken literally :-)
Communism is a long and dangerous dream. Always has been, always will be.
But by my reading of the bible, it's very hard for me to accept that someone is a real Christian once they are retaining more than the median resources for the society in which they live.
In the USA median wage is about $50Kpa. A real Christain blessed by God with the ability to make more, and who keeps it, has a hard time explaining to me why they are not using that surplus for good.
But that's just me.
BTC going mad volatile.
Time to start trading, or stick with stacking sats?
Who am I kidding. Trading is mainly a mugs game. Stick to stacking. OK, maybe £1000 to try trading. See how long it lasts....:-)