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submitted by /u/mccormack555 [link] [comments] |
Saturday 1 January 2022
Buying cheap sats
One bitcoin will always be worth one bitcoin.
One million sats will always be worth one million sats.
When purchasing sats, its a different perspective. We purchase these with whatever fiat money we are using.
So, what im getting at is - people always say the price of Bitcoin doesn't matter. But, if you spend $500 at a certain point in time and receive Five million sats, and at another point in time the purchasing power of the $500 dollars is only getting you One million sats. It must matter from a personal point of view when you're spending more fiat money to receive less sats?
Im in this for the long haul but I always try and buy when the price is lower to obviously get more sats. Sometime I feel a bit annoyed when purchasing at higher prices. Does anybody else think this way? It would be good to hear other peoples buying strategy and how they think towards the price.
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How to buy Bitcoin and accumulate in my ledger without paying CRAZY fees
It would seem like a very easy question, but how I can buy BTC in binance, coinbase pro (you name it) and then send it straight away to my Ledger Nano X wallet, without paying CRAZY FEES?
Only for EU please (I wish I had Strike app).
Thanks!
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Friday 31 December 2021
There is SOME degenerate advice on here
Most people give sound advice and have quality posts. But I’ve noticed a lot of people encouraging people to take loans to buy BTC, to invest your life savings in BTC, 100 k guaranteed 2022, that BTC will always outperform stock market and Real Estate, e.t.c.
I am a believer of BTC but I also believe you shouldn’t put all your eggs in one basket. Buy land, invest in a low cost index fund and Buy BTC. This will probably get downvoted as it’s a BTC forum. DCA what you can afford to lose but don’t become fiat broke with no other assets besides BTC. It worked well for early participants but doesn’t mean it will continue.
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Why are people extremely blind about Bitcoin ?
There is no solid savings tool and currency like Bitcoin. States, institutions, organizations can be destroyed. And it seems foolish to me that people store their economic assets in local currency in the hope that their government will make the right economic decisions. But Bitcoin will survive as long as the world exists. Now that even the blockchain is broadcast via satellite, how do people think governments can block Bitcoin? P2P systems are available. And people can use them through decentralized systems. Already, developed countries will recognize Bitcoin. And it will provide people with the necessary tools. But before governments, I think people should trust Bitcoin.
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⚡ Lightning Thursday! December 30, 2021: Explore the Lightning Network!⚡
The lightning network is a second-layer solution on top of the Bitcoin blockchain that enables quick, cheap and scalable Bitcoin payments.
Here is the place to discuss and learn more about lightning!
Ask your questions about lightning
Provide reviews, feedback, comparisons of LN apps, services, websites etc
Learn about new LN features, development, apps
Link to good quality resources (articles, wikis etc)
Resources:
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Here is an awesome list of resources compiled by Jameson Lopp: https://www.lopp.net/lightning-information.html
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Want to test out your lightning fire power? tip the Bitcoin devs! https://bitcoindevlist.com/
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Previous threads: Search
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Lnbook getting closer towards being finished and can already be seen at: https://github.com/lnbook/lnbook
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Lightning Dedicated YouTube Channel: https://youtube.com/renepickhardt
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Also there is the playlist by chaincode labs: https://youtube.com/playlist?list=PLpLH33TRghT17_U3as2P3vHfAGL8pSOOY
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Lightning stores: https://www.lightningnetworkstores.com/
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Learn more and talk about lightning right here in r/Bitcoin, r/bitcoinbeginners, r/thelightningnetwork, and the r/Bitcoin chat
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Does anyone know how to convert BTC to USD and deposit into bank?
Hi there,
Does anyone know an exchange that will allow me to do domestic wire transfer to a US bank account (I am a Canadian and live in Canada). I have the US bank account set up. I tried Kraken, but they have an intermediary bank thing, which I don't understand, may be pricey. I also tried coinbase but they don't connect to any bank once they find you live in Canada.
Thanks!
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source https://www.reddit.com/r/btc/comments/rsan7y/does_anyone_know_how_to_convert_btc_to_usd_and/
So Bitcoin we own is actually a key to the block?
I’m still trying to wrap my head around the Bitcoin.So we don’t actually own Bitcoin , it is actually always on the blockchain and we hold our keys as a proof that is ours?
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