The pizza  wasn't expensive at the time. As he said, 10,000 btc were basically worthless and he got them for free and got a pizza 

Probably all that interest got him to bitcoin and , as an early adopter, he accumulated a lot of bitcoin

In my opinion, holding BTC for the long term, for years, is not a luxury. However, I certainly think those who can hold BTC for years are extraordinary. Not everyone can do it, as most are always tempted to sell, especially when the price rises and there's already a profit from selling.

Yes, investing in BTC is for profit, and that's what's unique about BTC: it always creates new ATHs. Most people invest in BTC because they see that cycle. However, we definitely need to be extra patient. Sometimes holding BTC for the long term isn't easy without that extra patience. So, it certainly requires a lot of hard work because it may seem easy to make big profits in BTC, but many ultimately fail and end up trading.

If you are coming into Bitcoin investment and have timing at the back of your mind, it will do you no good. If you want to invest in Bitcoin, you have to forget about everything that has to do with timing.

As you invest in Bitcoin, there are things you need not to consider, like expectations, predictions, and timing. If these are the reasons for investing in Bitcoin, you will be disappointed, and there won't be a better result. In Bitcoin investment, you only need to focus on the long term because when you are timing when to invest and how long the investment should last, you will start bringing predictions and expectations into the equation.

Bitcoin does not increase in value in a straight line, but rather increases in value in a curved line. That is, Bitcoin does not continue to increase in value, but rather increases in value in the long term by combining price decreases and price increases.

Bitcoin is so popular because of its volatility, no matter how volatile it is, the price of Bitcoin is upward in the long term. So if you think that Bitcoin only knows how to increase in value, then you are wrong. Bitcoin increases in value, just as it decreases in value.

That is why we sometimes see bull runs in the market, sometimes we see stability, sometimes we see bear seasons, and sometimes we see dips. By continuously investing in increasing and decreasing the purchase level of the price, we can be able to earn a good amount of profit from the investment in the long term.

Acho que essa ideia pode pegar se surgirem boas carteiras

It would not be reasonable to reduce our food expenses at all. However, there are some food expenses that we can reduce, such as eating extra restaurant meals. It is necessary to reduce this expense because. If we cook at home with the same amount of money as we eat at a restaurant, we can eat for three days, so to reduce the extra expense, we have to reduce our eating at a restaurant. There are many other expenses that we definitely need to reduce and hope for, such as smoking, drinking, showing off and increasing the amount of expenses with others, etc. All such expenses need to be reduced and hope for. We should not always look at high-income people or rich people, but we need to look at people with lower incomes than us.

A friend of mine works and he earns a good amount of money every month, he does not have to pay any money for his house or family expenses from the money he earns. He spends the entire amount of his income and even then he has some amount of debt at the end of the month. He always spends extra and hangs out with people with higher incomes than himself. His spending increases even more as he moves in parallel with them.

.....Great investor should always have liquid emergency fund available with at least 3-6 months of living expenses before investing in Bitcoin....

Strategies like invest only that you can afford to lose are reserved only for Shit coins. In case of Bitcoin, we must try to invest as much as we can because the chances of getting good profit exceeds the chances of getting loss. For that, one need to develop a mindset that Bitcoin is an asset that can give good return in the long run because without developing that mindset its not possible to get profit from Bitcoin. Once you have that kind of mindset with you, then you can invest aggressively in Bitcoin.

An emergency fund protects an investor from being forced to sell. But having an emergency fund at the beginning of an investment is not mandatory. While it is a good idea to have an emergency fund of for several moths 3-6, this rule is not the same for everyone. For some, it can be more. It depends on the person’s income, expenses, family responsibilities etc. And it can take a year or more for a person to build an emergency fund. It is foolish to wait that long to build an emergency fund just because they already have discretionary income. If someone has discretionary income after expenses, they can divide that money as they wish. Some in an emergency fund and some in Bitcoin savings. This will help them start early and build an emergency fund gradually to avoid being forced to sell.

Good, you are correct it's not actually matter weather one should invest at once ot gradually the main point is, investing through dollar cost Average DCA with a readily discretionaryincome....I saw a something today that got me develop more intrest on Dollar-Cost Averaging seriously like I was so curious. Like six years of DCA to reach 10 BTC says more about discipline than timing. The hard part now is custody, liquidity planning, and not letting one milestone turn into unnecessary risk. This is really and intresting one. Indeed DCA is the best bitcoin strategy to approach.

Source: https://x.com/BitcoinMagazine/status/2057474376694366272

If your income source is more irregular or unstable, then you can save up to 12-13 months of expenses in the emergency fund based on that, and you can also prepare other backup funds strongly. Because, there is some risk with your income source which you need to be strong prepared to bear. In this case, you need to adopt a defensive investment strategy.

I learnt from Sir JayJuanGee that an investor doesn't necessarily need basic knowledge to start but common sense should let the person know that what the mostly need to start an investment is their discretionary funds and once the person has got it figured they can start buying and from the practical experience the person understand the investment better.

Basic knowledge is important too cause with that an investor can know how to buy/ where to buy from and how the investment can be stored properly cause knowing the right way to store an investment is very important too. Waiting to learn isn't only delay but wasted opportunities cause the person would have missed several dips which are buying opportunities before she/he might have learnt it all.

Bitcoin does not offer any guaranteed result, because its common knowledge to anyone that Bitcoin is volatile asset and this is how the risky part what people need to consider. Since any wrong decisions they made will result to losses.

But what good thing about Bitcoin is this coin is good to be held for long term. Because for many years Bitcoin always have an impressive run, those good runs it get usually give good rewards to those investors choose to HODL their Bitcoin. Also Bitcoin potential didn't stop there, because there's chance that we could see more pumps in future. Although again there's no guarantee that it will happen in future, but if they are willing to risk and have good discipline maybe they can also get great rewards same with those people from the past which trust the greatness of Bitcoin.

I’ve always supported the idea of take profit at some point and build a good lifestyle, but the investors don't like to hear that. They just try to make things up with stories like maintenance phase…. After accumulation honestly i don't like to hear that. I mean what was the essence of the investment if taking profits isn’t that paramount.

Of course, you can do whatever you want, and this particular thread is not about investing, so you can trade if you want and have fun staying poor.

I don't recommend trading bitcoin, yet people still do it.

If you are investing rather than trading, then the presumption is that you would be buying bitcoin and building up your bitcoin stash size for 4-10 years or longer, and so in those cases, it is likely better to be using income from other sources outside of bitcoin in order to build the bitcoin investment and not to be trying to gain income from bitcoin from within the period that you are trying to accumulate bitcoin.

If you are a investor than the better way to ongoingly build you bitcoin is to ongoingly buy bitcoin and to not wrongly presume that it is likely to build/accumulate more bitcoin by selling and buying back cheaper.. that is gambling and not investing.

Sure.  You can disagree all that  you like, and you can trade rather than invest, and some guys proclaim that they are investing, yet they are trading and calling what they are doing as investing, and I am not going to agree with you about that, even though you are free to do whatever you like, even dumb shit that involves gambling with what is otherwise one of the best, if not the best of asset classes that any normal people has been able to have access to.  As long as we have discretionary funds or we are able to generate a sufficient quantity of discretionary funds, then we are able to invest into bitcoin and to build our bitcoin investment size with the passage of time.  Of course, poor people and people with low discretionary funds are going to take longer to build their bitcoin investment, yet if they have a timeline that is 4-10 years or longer, they are likely to put themselves into a better position by getting involved in bitcoin and building up their bitcoin stash as compared if they had not gotten involved in bitcoin as long as they take an investment approach (that includes ongoing buying) rather than fucking around with trading and/or trying to build their bitcoin stash through techniques that include selling rather than sticking with ongoing buying techniques.


Similar to other guys, I have concluded that there is no shitcoin that is investment worthy, and surely I am accepting of the idea of potentially buying shitcoins and/or trading and fucking around with shitcoins, so long as they do not compose more than 10% of the size of the bitcoin investment,  yet on a personal level, my various shitcoins have never been more than 2% of the size of my bitcoin holdings, and currently they are likely less than 0.5% of the size of my bitcoin holdings... and they are largely shitcoins that I bought around 9 or 10-ish years ago.. perhaps in 2016/2017.  I am not into shitcoins because I am not into trading or gambling, and there have perhaps been some folks who have gotten involved in shitcoins and still have been able to do o.k. with their "profit" levels, yet likely the guys who have done the best in involving themselves with various shitcoins are those guys who were involved in creating and/or promoting the shitcoins as insiders.. so there is a lot of scamming tending to go on with shitcoins, too.


I guess you are able to get the idea of deferred gratification, even though you are ONLY framing the idea of bitcoin investment in terms of delayed profits, so perhaps you are a little narrow in your thinking if you consider that guys are only manaically focused on profits and your desire to frame all motives in terms of profits.

You think that satoshi was motivated to get involved with bitcoin based on profits?  Do you think satoshi is a one of a kind and no one else has goals similar to satoshi?  if you want to recognize that bitcoin has various attributes that potentially help to make the whole monetary system more responsive and responsible and to fix the incentives in connection with money and the various abuses of money creation, then are you going to consider those as personal monetary goals, too?

Do you consider it could be possible that guys can think and be motivated beyond the idea of mere profits?  of course, guys who might 10x or 20x or 100x the value of their holdings, there may well be profit motives that could be argued, when they merely say that they are allocating, reallocating and/or diversifying their wealth into ways in which they consider the assets will hold their value better with the passage of time, and yeah, of course, you with your narrow thinking are going to still want to consider those motivations as profits.

By the way, if a mid-30s guy with a $30k per year income were to have had started out buying bitcoin 10 years ago or even more than 10 years ago, and maybe if he had already been investing prior to coming into bitcoin, then maybe he put $10k into bitcoin in 2016 and he got around 20 bitcoin and then he bought $100 per week of bitcoin between early 2016 and now, and so he had ended up investing another $54k and accumulated another 15.4 BTC... so his total investment might have ended up being $64k and he had accumulated 35.4 BTC, yet the fact is that he had only an income of $30k per year, so even if he had not realized that he had reached overaccumulation status many years back relative to his own earning capacity... so frequently, a guy can figure out the extent to which he has enough or more than enough bitcoin based on his own earning capacity, and in the case of this particular example, I doubt that the guy is (or has been) contemplating the value of his bitcoin in terms of profits rather than contemplating his bitcoin in terms of how much income that it could generate for him without his having to work a day ever again.  Even a person with excess wealth might have to spend time figuring out ways to account for his money and to safeguard it, or perhaps to hire someone who can help out with those kinds of money management matters... which still might not completely remove necessities to work and/or to oversee to make sure that the money managers are not running off with more money than has been agreed to.


You seem to be mixing up ideas of what is needed as bare minimums to be able to invest into bitcoin versus what might be a better (and preferable situation).  Anyone who might be investing into bitcoin or considering investing into bitcoin, needs to start from whatever situation they might well happen to be in, so some people have low levels of income (and low levels of discretionary income) and they also might not have stable or steady sources of income, yet they still would be able to ongoingly invest in bitcoin as long as each time that they choose to make a bitcoin purchase, they can determine that they are investing from their discretionary funds.  They can also work with whatever back up funds that they have, or they can continue to build their back up funds, and surely the more erratic a persons income/expenses, then the more likely they have to build and maintain higher levels of back up funds to be able to cover times in which their income might go down and/or their expenses might go up, so there may well also be times in which guys with erratic discretionary funds are changing  how much they can put into bitcoin, and hopefully they have systems in place so that they do not have to tap into their bitcoin at a time that is not completely of their own choosing and perhaps not for 10 years or more after their various investments into bitcoin.

Of course, bitcoin happens to be quite volatile and quite liquid which likely tempts guys to tap into it at a time that was not of their own choosing, including when they get distracted and/or diverted by their perceptions that their bitcoin "are in profits," so some of these guys with lack of investment and/or long term focus may well end up selling too much bitcoin too soon, and perhaps even at the same time perceiving themselves as smarter than everyone else because they are proclaiming to have cashed out "in profits" and surely through bitcoin's history, we have a lot of examples of the various prices that guys cashed out too many bitcoin too soon, and they were never able to come even close to building up their bitcoin stash towards levels of bitcoin that they "used to have" or "could have had" if they had not been too focused on prematurely scalping out "profits" from the coins that they then held.

I have never really been opposed to guys scalping some profits off their coins along the way, so long as they have considered themselves as having had accumulated enough coins or more than enough coins, and there are various ways of assessing your coin value, and frequently if your skimming off of coins is not too extreme, then over the years bitcoin has tended to forgive guys who made some of those mistakes in regards to how much it had ended up going up in value to still cause the total holdings to still be more valuable than it had been earlier, even though some guys might have had still ended up selling too many coins too soon.

Imagine a guy who might have had accumulated 100 bitcoin or more in the 4 years prior to 2017, and in early 2017, he sold 40% of his bitcoin (which would be 40 BTC) at around $2k per coin, so he ended up getting $80k and he still had 60 BTC, so when the BTC price shot up to $19,666 by the end of 2017, his remaining 60 BTC would have had been worth nearly $1.2 million, and perhaps he would have had regretted selling that many coins in early 2017, even though he got $80k value (and perhaps a considerable amount of "profits") out of them, and even when the BTC price ended up correcting back down to $4k and below in late 2018, he was never really able to buy back the coins that he had sold at around $2k for less than his sales price, even though his overall bitcoin value was still $240k when the BTC price was near its then bottom in late 2018 and even in the March 2020 dip, the BTC prices would have had gone up to $13,880 in June of 2019 causing his 60 BTC holdings to be valued at $830k, and then correcting back down to $4k in March of 2020 for a short period of time causing his total 60 BTC holdings to be valued at $240k before the BTC prices resumed upwards and never really came back down below $20k, except during a period of around June 2022 to a flash crash in March 2023).  

We realize that after March 2023, the BTC prices had mainly stayed above $25k after that time, so that if the guy kept hanging onto his 60 BTC throughout all of these price moves, then they would have had a spot price value of at least $1.5 million for the remainder of the time after March 2023, yet at the same time, I get way more excited to monitor the 200-WMA value of my own BTC holdings, and a 60 BTC stash size would currently have a 200-WMA value of nearly $3.7 million, which from my perspective allows an ability to annually withdraw $370k in a sustainable way with a 7% increase in the dollar amount each year forever and ever and ever,  and I am not even sure if there would be much if any needs to try to figure out the extent to which the bitcoin is "profitable" or not, since they are largely at a large enough size that they might either become the sole income source or a source of income that supplements other income sources, whether the bitcoin holder chooses to continue to work (and earn other income) or not.

Sure, perhaps you want to continue to argue that these various considerations are that each of us is motivated by "profits," and I would proclaim that you are too narrowly focused, even if profits do underly the framing of expectations that are not guaranteed, yet there is still a lot more going on rather than figuring out the extent to which the holdings are in profits or not, and I suppose over longer periods of time, such as 4-10 years or longer, there is a bit of a presumption that the bitcoin holdings will be "in profits" after those kinds of periods of time even though the matter of profits is not guaranteed, based on various bitcoin attributes and fundamental characteristics, such as scarcity and the ongoing growth of network effects (as outlined by Trace Mayer), there is a bit of a presumption that the slope of bitcoin's price curve is going to be ongoingly sloping upward.


Regarding your second point, it may well be problematic to believe that there is value in keeping up to 6 months in cash, unless a person really considers that he is not able to generate income for that kind of a period of time, which seems rare circumstances, as compared with the quantity of time and effort to build up cash to those levels, especially if the cash is not complemented by other investments (assets) such as bitcoin.

Another thing is that there should not be any implication or inference that back up funds need to be established in any kind of significant sizes prior to getting started investing into bitcoin, yet surely there is discretion regarding how much back up funds might be necessary to keep in place based on the newbie bitcoiner's expectations of future income and/or expenses, so surely if there is a lot of uncertainty in regards to future income/expenses, then there may be more needs for greater level of cash to be kept on hand, and I would even concede that the liquidity and volatility of bitcoin may well justify building and maintaining higher levels of back up funds as compared to what the newbie bitcoiner's practices had been prior to getting involved in bitcoin.

In other words, there is quite a bit of value that as soon as a newbie bitcoiner comes to the conclusion that they want to get started investing into bitcoin, they should try to assess how they are able to get started in a fairly soon manner (within their comfort zone) from where they are at rather than presuming that they need to build up their cash reserves prior to getting started investing into bitcoin... The main thing with having back up funds from the start is to make sure that a person is not investing beyond his discretionary funds, and surely if he is starting from a place that is close to zero back up funds, then they has to assess how much to put into bitcoin and how much to put into his back up funds so that he has high confidence that he is not investing beyond his discretionary funds and he has enough cash on hand that he is going to be able to make it to his next pay check without running out of money, and if we think about a guy who might have a steady income, then surely he can build both his bitcoin stack and his back up funds on an ongoing basis and at the same time that his funds are coming available whether that is weekly or on some other timeline in which he is paid and/or his various monthly bills are coming due.

If a guy has a lot of irregularities in his income and/or expenses, he might have more difficulties to sustain regular bitcoin buys unless he builds up some back up funds (to the extent that he does not already have back up funds in place), yet as long as the newbie bitcoiner can determine that he has discretionary funds available there still can be a priority in regards to getting started in buying bitcoin, just to put bitcoin buying systems in place, yet at the same time, there still might be difficulties to ongoingly buy bitcoin every week (or whatever period might be reasonable) if there are ongoing uncertainties about the sufficiency of the level of discretionary funds, and so each person does need to make determinations in regards to the ongoing sufficiency of discretionary funds and probably the guys with irregular income/expenses are going to need to place more emphasis on the building of their back up funds so that they are not getting themselves into situations where they don't have money to cover their expenses, and surely if they are not able to maintain decent sizes of back up funds to provide them assurance that they are not running out of funds to cover their expenses, then they may well not be in a position to have enough discretionary funds to be investing into bitcoin, even if they might have had still given some priority to at least getting started, yet they might not be able to ongoingly continue to buy bitcoin unless they can figure out ways to increase their discretionary funds by increasing their income and/or decreasing their expenses.


Having extra sources of income does not substitute for creating, building and maintaining back up funds.... even though surely if there are ways to increase discretionary funds by earning more income then there is nothing wrong with that... when that is a possible way to improve discretionary income matters.. and many of us likely realize that the more funds that we have then the more options that we have, yet we still are likely in a better position when we are attempting to account for how much of our discretionary funds we are using for investing versus savings versus discretionary consumption.

Thanks! We're gearing up for a push today.. New accounts page, bunch of other stuff. I'll be in touch

Sempre competiu.  Foi feita pra isso.
É uma imitação , em termos de objetivos e ethos. Mas usa uma tecnologia diferente.

Mas ethereum esta tao barato em termos de taxa que nao vejo motivo pra usar Solana

Sir JJG I disagree with you on this one, no one going into an investment won’t have the intention of making money, everyone that is going into an investment is doing that so he or she can make profit, it could be immediately or in the future but the main goal is to make profit, so saying if someone is trying to make money through his or her investment is a trader is wrong, if you know and you are 100% sure that bitcoin won’t give you profit in the future why did you invest in bitcoin?

And again why did you decide not to invest in shitcoin I believe because you don’t want to waste your money and you know you may not get profit from it.

So when it comes to investment profits will always be in your mind whether you like it or not however that those not mean your total focus should be on profit making your focus should be on building the investment and making it stronger the benefit of your dedication, commitment and hard work will come later.

Yeah if you have a very good source of income you won’t be bothered about your investment that those not mean you won’t think about the future profit you may get from it, the main reason why you need a good source of income and a backup funds when investing in bitcoin is so you won’t dip hands into it until you have reached an over accumulation stage.

Why does an investor invest? Of course, they invest with the intention of making a profit. So having a profit expectation is not a bad thing. Rather, if there is no expectation of profit or future benefit, why would people invest? An investor puts his discretionary income in Bitcoin because he believes that in the long-term, Bitcoin can preserve value better than fiat money, cash savings or many traditional assets. But the problem starts when profit expectation becomes the main objective of the investment plan. Then the investor starts looking for short-term results. Then he no longer stays in the accumulation mindset, but starts moving to the trading mentality. He starts thinking about buying and selling in the short-term. This is where many investors get stuck in price guessing and trading games instead of building their Bitcoin stash. You can want profit, but you should not ruin your strategy for profit. In the case of Bitcoin investment, it is better to emphasize regular accumulation first. So plan to hold for 4-10 years or more according to your age, physical condition, and financial stability, and manage your cashflow and backup fund in such a way that you do not have to force sell in the event of a short-term price drop. An investor's mentality should not be diverted towards a trading mindset, so these things should be taken into mind.
First, the investment money should come from discretionary income. Rent, food, family responsibility, debt repayment  if you buy Bitcoin with money from all these, the investor will not be able to remain calm. If the price drops, he will panic, because he will know that he needed that money.

Secondly , it is necessary to have a backup fund. If you put all the extra money into Bitcoin just because Bitcoin is bullish, you may have to sell your coins later if a real-life problem arises. Emergency fund plays a very big role in long-term Bitcoin accumulation. Because no one knows when an emergency will happen in anyone's life. Therefore, a backup fund of 3 to 6 months should be kept.

I think the best way to say it is; "having another source of income or a side hustle" aside Bitcoin investment for a person who wants to survive as a long term investor, this back up funds can be generated from other source of our income for someone that has another job, there will not be panic during dip, and the main reason having another source of income is good is because there is literally nothing that does not require funds to settle, so to avoid fear and frustration, getting a stable paying job will go long way sustaining an investor.

Friendly bump!
Few weeks since last activity here
Many new (and old) games at l0tt0

Eu acho muito boa, utilizei bastante. O problema é que eu acho meio perigoso aceitar fiat de quslquer pessoa. Vai que o cara é um terrorista procurado e me transfere 2mil euros...

Acho que a unica exceção pra isso sao as stable coins e os RWA (real world assets).

Esses rwa podem ser o futuro das altcoins. Ações, comoditties , títulos de dividas, etc, tudo sera negociado 24x7 no blockchain. E nao tera nada a ver com o bitcoin

Hoje em dia duvido rolar isso.   A nao ser que sejam centenas de referrals

I am still in contact with them. Waiting for their reresponse.
I think i will have to make a deposit and do some wagering

I am still in contact with them. Waiting for their reresponse.
I think i will have to make a deposit and do some wagering

🔥 Today is an important date in Bitcoin history!

🤡 Faketoshi Day

This day marks the shameful failure of Craig Steven Wright, the infamous liar and Satoshi Nakamoto impersonator, often referred to as Faketoshi.

On May 25, 2020, the owners of coins mined just 37 days after the genesis block signed a message with 145 private keys stating: "Craig Steven Wright is a liar and a fraud."

💲 On every historical date — go to the Rewards Center and claim a no-deposit bonus in SATS with no wagering.

I am still in contact with them. Waiting for their reresponse.
I think i will have to make a deposit and do some wagering

Fork? A new bitcoin cash?

We all have seen thia before.

They can fork and i will selling my forked coins instantly 

@Forsyth Jones você pode enviar um e-mail para essas empresas pedindo um modelo de presente para escrever reviews aqui no fórum (em português e lá na aba gringa de Hardware wallets).. olhei por cima e parece que não tem ninguém fazendo isso aqui no fórum..

Pra eles o custo é mínimo e já deve compensar se 2-3 pessoas comprarem uma carteira depois de ver sua review para conhecer o produto/tirar dúvidas.. e você pode ir montando uma coleção

I shared the code with BobLawblaw already! Hope it helps.

I think there isnt such thing as a 100% unbiased analysis.

Will bitcoin first get to $150000 before gold gets to $9000?
Assuming bitcoin marketcap will first get to $3 trillion or gold will first get to $63 trillion?

The question is very similar.

One of the best moves I did was to convert a small part of my BTC holdings to tokenized gold in the last bull run. I bought some Tether Gold and Paxos Gold.

I think tokenized assets might be the future.

It is very headshaking that there are people in this forum that are spreading a storyline that Elong is only allowing SpaceX and Tesla to hold bitcoin in their treasury because Elong only wants attention for these companies.

This is not only headshaking. This is also very much stupid! A marketing budget would be a much cheaper choice if Elong only wants attention for these companies heheheheh.

Yeah, elon stopping support for BTC payment due to fossil fuel concern only to later on create Collosus AI data center running 1 million GPUs with the same fuel. I still hope they accept bitcoin again though.

His companies are heavily invested in btc looks like

Details about companies owning Bitcoin have been part of Bitcoin's history, but after the approval of US ETFs, such news has lost its significance and is no longer followed by many. Therefore, many people don't care whether SpaceX still owns Bitcoin or not.

If want to check about security of Bitcoin and Dogecoin blockchains, this site is helpful.
https://howmanyconfs.com/

With Bitcoin blockchain, 6 confirmations equivalently to 1h 7m and if people want something similarly secured with Dogecoin blockchain, they will need 822 confirmations equivalently to 14h 9m. It means 13x slower with Dogecoin blockchain but these figures are estimates, while practically you will either lose your money or not. If Dogecoin blockchain is attacked 51%, in worst case you will lose your money in Dogecoin immediately after sending it under attack time, not have to wait till 14 hours later to lose money.

É um problema enviar dinheiro alto para sites bloqueados no seu país. Você fica sujeito à um risco jurídico, pois a plataforma pode simplesmente decidir não te pagar por não ter respeitado os termos de uso.

É lamentável o nível de censura que estamos vivendo em nosso país. Enquanto nos EUA plataformas como a Polymarket estão sendo legalizadas e ainda lideradas por uma brasileira(https://oglobo.globo.com/economia/financas/noticia/2026/05/07/kalshi-gigante-americana-do-mercado-de-previsoes-dobra-valor-de-mercado-para-us-22-bilhoes.ghtml) nos estamos censurandos  e proibindo essas plataformas.

Some people can argue about it. It is just their opinion, not that they are idiots. I think it is a good opinion that can let more people still know what bitcoin actually is. I still see some people that are saying bitcoin is losing its purpose everyday and this is a good example that they can make. But the fact has not changed, anyone that seek knowledge about bitcoin and want to be private and have full control over his own coins can still do.

This would be the same to say that when you are buying a blackrock sp500 etf it is just paper with no real stocks behind it.

This would be a complete fraud. There are many regulations which do not allow banks to do that.

Society works, people arent fooling everyone all the time.

I think customers should be able to withdraw (or transfer) their Bitcoin after a certain number of months or years since the law, and model of the banks/credit unions is about custody/safekeeping, which i think is not like a bank account with potential restrictions.

[...]


Laszlo had several incidents in which he spent bitcoin (10k or so) for various pizzas, and Lazlo probably had more than 60k bitcoin that he mined through GPU mining. How many bitcoin did he retain over the years?  It is not really publicly known, and even having more than 200 bitcoin right now (with good bitcoin management) would not be a bad thing.  A guy could live perpetually with a stash of 200-ish bitcoin.

From my calculation right now, a person would sustainably withdraw $1.26 million per year with a 7% dollar value increase each year if he were to have 200 bitcoin right now.  That should be enough to get by for most normies, and I cannot imagine Laszlo having less than 200 BTC right now - whether he knows how to manage his BTC properly might be another question.

Your points are valid and helpful regarding price and transfer to Electrum. I am noting these because, in the long run, we need more informative things, which will keep things beneficial and secure.
My parents are long-term investors in gold, but due to me, they have changed, and their first accumulation of Bitcoin is 4 Bitcoins, which they bought a few days back, and now they are also transferred into my Electrum. Even now, my father is feeling he lost a few things due to having misinformation about Bitcoin, but still, it's good now he is happy and made a good decision.

My preference is still for long-term with my small weekly investments, but this biggie is good. I am really thankful to few members who are giving good suggestions and also pointing out a few things that are always important. I will keep an eye on this because this is going to be the best partner in a long-term journey into this Bitcoin world.

I'm a bit of a contrarian when it comes to the Laszlo pizza affair. I wouldn't want to be Laszlo. I think he made a huge mistake. And, no, I don't think buying 2 pizzas for 10,000 BTC was any catalyst for anything. I don't think it helped Bitcoin in any significant way. Very few people I know are even aware of the Laszlo case. What happened was a simple exchange between two people, of which the pizza buyer was the loser and the BTC buyer was the winner. It is common practice for humans to seek, create, deify and praise symbols, and the Laszlo case has become a symbol of "the first Bitcoin physical transaction", but, in my opinion, it doesn't carry the weight and significance that the community attributes to it.

If anything, the Laszlo case serves as a stark reminder of what will happen when one underestimates the value of something and treats it like it's worth nothing.
No, I wouldn't want to be Laszlo.

Well? I made that example with a set of facts that presumes a shooting up of the BTC price after the hypothetical guy had already spent 5 years investing in bitcoin and then the price 5x'ed after that... which surely could happen again, but we are not in that kind of a place currently...

So it could be that I would have to change the timeline in order for hypothetical the facts to work out.. I don't like to get too far off of the facts with my actual numbers, so let me give you some more facts related to the hypothetical, and perhaps you can answer the question regarding what the guy should do.

I am going to reframe the timeline so that the hypothetical guy had started accumulating $100 per week of bitcoin in September 2018, and by September 2024, he had already been accumulating $26k worth of bitcoin, which actually only added up to 1.32 BTC.  His average cost per BTC would have had been right around $20k at that time, in September 2023.

At the time in September 2023, the guy did not know that the BTC price was going to go up 6x from his cost per BTC in October 2026.. so it seems to me that the guy does not have enough bitcoin in September 2023 in order to conclude that he can modify his bitcoin accumulation practices of ongoingly buying $100 per week.

If he continued to accumulate bitcoin at $100 per week between September 2024 and now, he would have had invested another $9k and accumulated another 0.104 BTC (which would be about 1.424)... So why not continue to accumulate?

Since the guy is currently earning $30k per year, does the guy want to get to a point that he can quit his job and earn the same $30k per year from his bitcoin? or does he want to get to a higher amount of income from his BTC?

You should be able to decide these kinds of personal preference matters.

If the guy merely wants to be able to get $30k per year from his bitcoin with a 7% per year increase, then he still would need to have at least 4.91 BTC right now in order to be able to accomplish that..

The amount of bitcoin that he needs to sustain the same level of dollar income, such as $30k er year, will continue to be less and less with the passage of time, if we might be learning to valuate our bitcoin based on the 200-WMA or some other kinds of conservative bottom number.

Yeah, but will you buy forever??

If you just got to know bitcoin and you are still buying your position, red could be good.

But if you are here for a long time, red isn't that good. We shouldn't be accumulating more money forever, this is greed. We need to spend money to live a good life too

In Brazil I believe 90% (or more) of banks allows you to buy and sell bitcoin. Even the biggest banks.

But basically none of them allow you to withdrawal. You can buy and sell and pay taxes, but no withdrawal, no p2p selling, etc.

I think that even with such limitations, the bitcoin support is positive and good for bitcoin. People feel more confident about buying bitcoin in a bank, and they can also become more interested about it and google about it. They will quickly find information about wallet, custodial services, etc and they can decide to buy somewhere else and make their own custody or not.

Or they may disable it and enable withdrawal in fiat. That's users seeking withdrawals will receive the fiat equivalent of their coins. I think it is most likely what most of the banks would do.

Right I get the clearer picture now and understands much better when situations like this pop I have gain much opinion and suggestions from you. Thank you so much.
I thought maybe my suggestion might be of help to reduce the risk of the journey by reducing the weekly budgets by some percentage but right now that not what matters at all but it was just an opinion.

I even think scenarios like this some decision comes down to the individual to make with their own preferred path. But setting goals and working towards it would ease the situation instead of the individual not having any directions just accumulating blindly.
Once more thanks for the clarification really appreciated and many of folks would gain more understanding too.

Well? I made that example with a set of facts that presumes a shooting up of the BTC price after the hypothetical guy had already spent 5 years investing in bitcoin and then the price 5x'ed after that... which surely could happen again, but we are not in that kind of a place currently...

So it could be that I would have to change the timeline in order for hypothetical the facts to work out.. I don't like to get too far off of the facts with my actual numbers, so let me give you some more facts related to the hypothetical, and perhaps you can answer the question regarding what the guy should do.

I am going to reframe the timeline so that the hypothetical guy had started accumulating $100 per week of bitcoin in September 2018, and by September 2024, he had already been accumulating $26k worth of bitcoin, which actually only added up to 1.32 BTC.  His average cost per BTC would have had been right around $20k at that time, in September 2023.

At the time in September 2023, the guy did not know that the BTC price was going to go up 6x from his cost per BTC in October 2026.. so it seems to me that the guy does not have enough bitcoin in September 2023 in order to conclude that he can modify his bitcoin accumulation practices of ongoingly buying $100 per week.

If he continued to accumulate bitcoin at $100 per week between September 2024 and now, he would have had invested another $9k and accumulated another 0.104 BTC (which would be about 1.424)... So why not continue to accumulate?

Since the guy is currently earning $30k per year, does the guy want to get to a point that he can quit his job and earn the same $30k per year from his bitcoin? or does he want to get to a higher amount of income from his BTC?

You should be able to decide these kinds of personal preference matters.

If the guy merely wants to be able to get $30k per year from his bitcoin with a 7% per year increase, then he still would need to have at least 4.91 BTC right now in order to be able to accomplish that..

The amount of bitcoin that he needs to sustain the same level of dollar income, such as $30k er year, will continue to be less and less with the passage of time, if we might be learning to valuate our bitcoin based on the 200-WMA or some other kinds of conservative bottom number.


I don't see how that helps.  In the hypothetical the guy who invests $100 per week for 5 years is getting close to having had invested a whole years of his income into bitcoin.  If we add another nearly two years then we have the guy having had invested about $35k which would be 16% higher than his current income... yet he seems to ONLY be around 30% of his goal (1.424/4.91), yet the amount of BTC needed keeps coming down, so I am not sure what the problem is to continue to stack.  Y

ou seem to want to try to lessen your accumulation amount when the price is going up, with a hope to maybe buy more if the BTC price dips, yet if the guy had already gotten to a comfortable weekly investment amount, I cannot see any reason to lessen the amount that he is investing each week until maybe he starts to get closer to his goal.. maybe even within 50% of his goal.. whatever his goal might be...and yeah at the same time, these are judgement concerns about how much is enough or more than enough in regards to either how much bitcoin has been accumulated or perhaps how much money had already been invested.

What do you believe the guys goal is?  Sure, if he has another 4-8 years that he can wait, then he might not need to continue to invest, but it seems to me that if he has at least 4 more years before he is planning to draw from his stash then he can continue to add to his bitcoin holdings, even if he is feeling as if he had already invested a good amount into bitcoin already.

I doubt that there is any one best answer since guys need to tailor to both their income goals and also to their timeline in which they might want to start drawing from their bitcoin stash.