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23434596 No.23434596 [Reply] [Original]

>sats is all that matters
>if you want to play, play with peanuts and convert all your shitcoin gains into btc, all shitcoins bleed to zero in the long term
>don't leverage or you will lose it all
>don't keep your btc in an exchange, store them offline, safely, do 100 backups of the wallet.dat or the seed key, again offline
>don't trust "someone", not even if he is a a "trusted" public figure with a great cv
>don't trust services like paypal, or future scammy services
>don't wrap your btc (wbtc and similar are scams, and they will run away with your private keys, while you will be bagholding a worthless erc20 shit-token)
>don't think it's too late, it's never late, i was buying below 1000$ and i still keep buying above 10000$
>don't swing, it's risky and you will not sleep at night, hold for a few years, this will ensure you will hold during the way up with 2k green daily candles
>btc is the most safe but asymmetric bet you can do right now
>remember to convert your entire savings into btc, each month, staking like a maniac, and you will do just fine
>1 BTC might seem expensive, but you can buy fractions, a fraction of BTC is still worth a lot of money
>if you have an expensive car and paying maintenance, insurance and taxes, consider selling it for btc
>btc is an appreciating asset, not a liability
>btc is not an investment, but the best form of savings
DON'T FUCK IT UP ANON

>> No.23434664

what if i start with 1k?
there is no reason for me to buy btc
i'm better off gambling everything on shitcoins hoping to make a couple of x10
what's btc gonna do? a x2 maybe a x3 this year?

>> No.23434765

>>23434664
yes, go all in one shitcoin and pray. I recommend RSR. it might dump over the next day or two but can't guarantee that.

>> No.23434962

>>23434664
>1K
that's 7.8 million satoshi btw

>> No.23435014

>>23434596
tell me more about offline storage, please

>> No.23435042

>>23435014
You put your crypto in a wooden box wrapped with tinfoil and then put vitamin packets of magnesium inside the box to safeguard against an emp

>> No.23435063

>>23435042
makes sense, i do fear the solar storms of 2022-25. Where can i get an offline storage thingy? Does it come as a usb?

>> No.23435118

>>23434962
1 satoshi == 1 dollar
when????

>> No.23435279

>>23435063
No you don’t really need that

Take a screenshot of your wallet on the exchange and then print of multiple copies. Sign the front and back of each. Then put that in the box and bury it in your backyard. Hire a homeless person to dig the hole for you and then kill the homeless person after he digs down so no one knows where your stored it.

>> No.23435354

>>23435014
>best way
- create an usb pendrive with a live linux (any safe linux distro, check the hash [MD5/SHA1/SHA256] of the ISO)
- boot into live linux
- run you Bitcoin Core: https://bitcoin.org/en/bitcoin-core/
- you need an SSD with 3/400GB, a good connection, a bit of patience to sync the entire chain, but the advantage is that you can spend and receive Bitcoin using directly your PC
- generate a wallet
- encrypt the wallet with a very strong password (i mean, super strong, 16+ chars and special chars), and don't forget it, it holds your wealth
- backup your wallet.dat after every transaction (for privacy reason it's generating multiple keypairs [private/public keys], so the unspent outputs are sent to a new address, unless you manually override this behavior)
- again, backup your wallet.dat
- again, backup your wallet.dat
- everytime you need to use Bitcoin Core, use your live linux
- e.g. I have:
- a dedicated USB pendrive with a Live Linux Distro
- a dedicated 1TB SSD fully encrypted with Veracrypt
- the SSD contains the entire BTC blockchain and the wallet.dat
- several backups of the (encrypted) wallet.dat using optical supports (e.g. DVD are much more resistant than flash memories, flash memories are easy to get corrupted). For several I mean 10/20 backups.

>> No.23435367

>>23435014
>fastest way
- download the zip
- https://github.com/pointbiz/bitaddress.org (https://github.com/pointbiz/bitaddress.org/archive/v3.3.0.zip))
- switch off you connection, switch off your connection, switch off your connection (better if you use a live linux)
- open the index.html with chrome or firefox
- generate the wallet
- print it and store it somewhere safe (not online, never online, something like a safe)
- private key is the one you need to keep safe and secret, the one holding your wealth
- public key is the one you give to other people to receive payments
- close everything
- switch off your pc (just to be paranoid nothing get saved in ram), wait 30 seconds with power unplugged, restart it
- after that you can switch on the connection again
- move your BTC from the exchange to your public key

>> No.23435395

>>23435063
you can just print it or write it down into a piece of paper
>>23435367
------------------------------------
>>23435014
>one of the safest way: trezor (hardware wallet)
- still you need to backup you seed key somewhere safe, offline (it means you never have to type them into a PC, a piece of paper inside a safe is stronger than using a word document sitting in your PC Desktop or sending them to your email) (seed key = 12/24 words used to generate the private key)
- transactions are signed only inside the hardware wallet, it means the private key never leaves this usb stick (it means your PC will never see these private keys, but it will just relay a signed transaction)

DO NOT USE BRAIN-WALLETS
DO NOT USE BROWSER EXTENSIONS (unless you use a trezor)

>> No.23435435
File: 142 KB, 700x974, 42740fb67f06cf99dc99ff24228f1fd2.jpg [View same] [iqdb] [saucenao] [google]
23435435

>>23435279
>>23435354
>>23435367
>>23435395
awesome thanks guys. appreciate it

>> No.23435461

>>23434596
Fucking boss posts op.
What are you holding?

>> No.23435553

>>23435461
21+ BTC
128 ETH for shitcoins gambling (i buy only decent ICO, and then I convert gains back into BTC)
I rarely trade (very few trades per year, only when it makes sense)

>> No.23435721
File: 79 KB, 640x640, 23BE47D0-85CA-4489-8ABB-CB861C8B8666.jpg [View same] [iqdb] [saucenao] [google]
23435721

Rare >130IQ thread.
You are doing the god’s work, keep it up anon, you are saving hundreds of lives from suicide.

>> No.23435782
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23435782

Hi

I bought an altcoin for 1.8 usd in 2017. It goes by The name BnB.

I beg to differ.

>> No.23435836

>>23435553
so you dont believe in the 'technical use cases' of blockchain, eg ethereum/BAT/etc.?

>> No.23435894

>>23434596
BTC is literally the biggest shitcoin there is. No usecase, replaceable, poorly functioning, inefficient. This bullrun is the last pump for BTC before it dumps into irrelevance and is replaced by the actual next industrial revolution

>> No.23436000

>>23435836
ETH is cool, i even coded some smart contracts, but it's not hard money, forget it, they keep changing monetary policy every week depending on vitalik mood and it was a 72% premine after all, maybe many people doesn't care, but i do, so i will never use ETH as my saving account
about dapps, 1% might have some real use case, but the remaining 99% are absolute dogshit scams with admin backdoors, built for more or less subtle rug pulls and even when they are legit, half of them will suffer from hacks, because writing bug-free solidity code is a nightmare (zero separation between algorithmic part and money), so everything running on ETH is a gamble at the moment.

>> No.23436040

>>23435354
or get a ledger and do none of that