im not quite sure i get what DCA is, if im right its buying bitcoin everyday or week instead of every moth.

Hi everyone,

I’m new to the world of Bitcoin and find its decentralized structure absolutely fascinating – a monetary system that operates without central control! What really stands out to me is how Bitcoin combines the best qualities of gold (limited supply) and paper money (easy to transfer). But one thing that worries me is Bitcoin’s volatility, which has been so high in the past.

What if this volatility isn’t just a temporary phenomenon, but a permanent characteristic? A highly fluctuating price could make Bitcoin impractical as a payment method since prices would constantly need to adjust. And as a store of value, it would only be partially reliable. The decentralization alone doesn’t seem enough to justify its value – what’s the point of decentralized money if it’s difficult to use for trade or as a stable store of wealth?

What do you all think?

Recently got a Trezor wallet.

I've heard sketchy things about Paybis, which is the only ACH option. My bank won't allow purchases via Apple Pay or Credit Card.

What's the best option for making purchases through Trezor?

Thank you!

I figured the etf is way cheaper I’d have more profit per share then just buying 1 coin myself

What do you think would happen to the price?

Would it go up or down?

How do you think it would work as being the main currency used for the global economy?

I have accumulated some bitcoin. Right now my node is still synchronising and is at 94%. My intention is to wait until the node is 100% synchronised. So till then my bitcoin will be on a cex. Is there any place I can move to for the time being?

Currently live in the Philippines. Wondering what's the best place to purchase here?

Should I stick to online exchanges, or are there in-person options I can use (cash/ATMs etc)?

Previously had a hardware wallet when living overseas, but looking to start again now I'm in SEA.

I am trying to understand decryption and am coming up against a basic understanding issue.

If an algorithm has variable outputs, how is it possible to determine the input exactly.

The simple way I have been trying to ask is: a coin is flipped in a vacuum and lands heads. How can you compute the state prior to the flip?

EDIT: The context is I am trying to understand how SHA hashing algorithms are possibly reversible. To me it seems that they are not - and could only be decrypted through brute force input trials.

Bitcoin is often compared to a ponzi scheme. A ponzi scheme is not based on any type of value, only a greater fool situation which is just a lack of information. Clearly, BTC has some type of inherent value, since it can be used as a medium of exchange and is compared to digital gold, so the value is greater than 0.

Now, the supply of bitcoin is decreasing over time as a result of a cap upon the total number of bitcoins in existence and lost wallets, so if the value BTC provides remains constant, the price should increase over time just for this reason.

If BTC can't be replaced by another cryptocurrency, then it has the properties of stable inherent value that is greater than 0 and a decreasing supply, putting pressure on the price to go up indefinetly and leading to basically an infinte money glitch within the current inflationary fiat monetary system.

Now, the main thing which is unclear to me: What prevents someone from making a new cryptocurrency with slightly more inherent value than BTC? BTC has kind of a moat due to the network effect, but surely if someone invented a crypto with more inherently value that does what BTC does but better, maybe in terms of power consumption or network capacity, BTC would eventually get replaced, right? Basically what prevents new and better cryptos from being printed like new units of fiat?

Ill be using Strike.

Thanks!

Compro aprox 50$ al mes, las comisiones despues de comprar por p2p y pasar de Bincance a una Green Wallet que utilizaba eran costosas. He escuchado sobre red Lightning, leo sugerencias.

so last night i bought $20 worth of bitcoin. what happens now? I'm interested in investing money and I decided I'll invest a small amount just to see what happens. can anyone explain what happens next? do

So, I’ve been stacking some satoshis, and now I’m thinking more about the safest way to hold them while still accessing them easily for trades or exchanges. I’ve read about different methods, but I’m seeking more experienced advice here. What wallet types are you using? Cold, hot, or something hybrid? Also, are there any trusted platforms that let you secure your BTC with solid options but don’t lock up your funds for ages? I would appreciate any guidance!

Is an exchange the safest way to cash part of a big bitcoin amount? I assume that this looks like an exchange transaction so does not reveal any user metadata (IP, etc), so cannot attract hackers, is this correct?

Bitcoin hit my sell threshold and I'm wanting to sell on binance, the second I pressed sell I got a buyer and a message in chat asking for my bank details. The actual details requested seemed reasonable (account #, sort code, name on card), but it seemed odd to be doing it in the chat rather than through binance as a middle man. Is that a normal way to p2p sell through binace or am I right to have backed out of the sale? Just finished a night shift and have a lil brain fog so thought I'd better sack it off and do some research.

I made an ACC on bitcoin.de without much knowledge...

Any tips?🤣 Idk anything and the page confuses me...

In terms of the second question I heard something about low level bounties, transferring like 500-1000 at a time.

3 questions in title, would love to get a know how to handle these situations.

As a beginner, I am wondering which one is better, Binance or Kraken in Europe in terms of palopularity or fees. Any advice?

I'm trying to optimize the transaction in Bitcoin. The main issue is that I need somehow to choose the correct UTXOs for this transaction, where network costs can be different.

What service do you use in such cases?

Let's say A has an output of 5 BTC in the UTXO set. He creates a transaction where he uses the 5 BTC to send to B. Now the unconfirmed transaction goes to the mempool. Will the 5 BTC output be deducted (locked to B's address) from the UTXO set while the transaction is in the mempool (unconfirmed)? If no, can A again use the 5 BTC from the UTXO set?

Bit of a hypothetical scenario that I've been wondering.

I've got bluewallet with a minimal amount (pocket change amount), and a Trezor 3 secured in a safe with a fair bit more in and a watch-only set up for it on bw.

The seed phrase for the trezor has only ever been written. Never photographed or typed in anywhere.

If i lose my phone, someone were to get hold it and bypass the security (biometric for the phone and again for bw). Let's assume they're tech-savvy, knows bitcoin and how it works. They've got full access to bw, etc etc.

They haven't got my trezor or seed phrase for it.

Am I correct in thinking there is literally no way to access the btc on the trezor. All they could get is the pocket change amount in the bluewallet wallet?

Ta.

When I say beginner, I mean until this morning I didn't even know what blockchain meant. I want something simple with substance. I want to get the basics before diving deeper. Thanks!

I have BlueWallet on my old IPhone. I just upgraded to the new IPhone. On my new iPhone, BW shows no balance and no wallets. Do I have to import my wallets to my new iPhone using my seed phrases? Is this a relatively secure way to handle my bitcoin?

can anyone explain to me how can i DCA invest into Bitcoin like explaining to a 5 year old, please?

Hey guys I’m need a safe bitcoin seller app. Any help would be great pls. I’m new to this but I wanna start with a trustworthy app.

in terms of preventing getting hacked or malicious malware and stuff, is it worth it to buy protonmail service? what do you guys use?

Hello everyone, I think this is the right place to discuss my situation.

I'm not an active BTC user, mainly because hardly anyone accepts it as currency in my country. However, I now need to use some BTC.

I used to exchange my gift card balance through Purse.io, but it seems they no longer offer this service.

Does anyone know a safe and legitimate website to exchange gift card balances or Amazon gift card keys for BTC?

What does it mean, "bitcoin is a permanently fixed constant backed by physics and cryptography"? I presume that has to do with its protection against inflation, it's not inflatable, but I don't understand how it is backed by physics. I understand the cryptography piece. What physics? Aren't 1s and 0s, floating around in electronic and digital space just electronic signals?

"It is the first constant in the field of economics." What? Well, maybe this one isn't too hard to understand if economics is a "dismal science", after all....

"Bitcoin has fixed, mathematical, and physically-tethered characteristics." This may be further delving into the first two questions (above), but this statement isn't resonating with me either.

Please helpz, I thank-ee.