Can someone please share thier experience of using the spot crypto traiding bot with me. I would also like to know if it is possible to program the spot traiding bot to buy Bitcoin only & not buy other coins?

If I were to put 10,000 in Bitcoin today, where do you think it would be in a year? So bull run should still be in effect. I know that the goal is to hold it for a long period of time, but in an emergency, I know that after a year it won't be taxed if I cash out. I almost did this 6 months ago when it was 20 grand. Stupid. Is it still worth it to buy it right now? Is 60 about the lowest it's ever going to be again? Seems like it.

Hi there, so I'm fairly new to BTC and I opened up a hot wallet account with Kraken (regular not pro) and almost on a daily basis on the sub there are nothing but bad things to say about them and horror stories about accounts being closed, lost money, etc. So I'm curious to see what recommendations I can get for another hot wallet? I've heard good things about Trust, Meta, Exodus and a few others but I also heard good things about Kraken. Some real recommendations would be much appreciated, thanks.

How easy is it to move money back and forth from most wallets? I’m using trust right now, but am getting to an amount I’d feel safer not having on an app. I play online poker and hold my bankroll in BTC so I am sending and receiving fairly often. Would it still be pretty easy with a hardware wallet?

I am using two wallets, Cake Wallet and Stack wallet. When I try restoring a BTC mnemonic on Cake but created on Stack, it's invalid and vice versa. I thought mnemonic seeds work on all compatible wallet software. What seems to be the issue with this?

I am new to trading and have 100$ but by doing random trading i can loose all my money that's why first i want to learn everything thing about crypto trading and want to know whic youtube channel will teach it best

I bought bitcoin at an atm a while back. I doing my taxes and when I put all my crypto info into a calculator the bitcoin is entered with a cost basis of zero. Now the value of the bitcoin that went into my account is considered to be pure income. I don’t know how much I paid for it at the time and have lost any and all receipts from that transaction. How should I proceed?

24 hours ago I did an instant OSKO $2000 cash deposit from my usual bank, Australia's Commonwealth Bank, to my Coinspot account.

It still hasn't cleared.

Can anyone recommend a Coinspot alternative that doesn't take so long?

I usually then transfer from Coinspot to my iOS Trust wallet simply to add another layer of anonymity. Is this the best option for iOS?

Is there a new or updated way to liquidate stocks from (e-trade and Merrill) directly to a bitcoin wallet. Either Jade or Green?

Or must I liquidate to a checking account/fiat money and then use an exchange to purchase bitcoin?

I saw this question posted about two years ago, so I’m not sure if there’s more capabilities with our banking institutions these days.

Thank you to this community for teaching me so much already. Even the sarcastic replies, I’ve tried to sift through them as best as possible. Hoping I’ve caught them alllll :)

Currently using exodus but my stack is getting to the point where I believe I need to go to cold storage.

Anyone use this combo? I was wondering if my current 12 words on Exodus would continue to be mine on Trezor or if I would have a new set? Sorry if this is a dumb question I’m fairly new to the Bitcoin world

I just dicovered that it only accepts Viza or Mastercard. Mine is Elo. What do I do now? Is there other way to pay for it? I also tried Swan but it had an awarning about only being available if you plan to buy at least 25k in your first year (???) so I gave up. River is not available in my country and I heard bad stories about Coinbase.

So I’ve been purchasing bitcoin via CashApp and it has been good. I’m now looking to make larger purchases and would like to move to my cold storage. CashApp allows me to withdraw bitcoin at $2k/day and $5k/week.

is there a way to raise this limit for withdrawal? I plan to buy a whole bitcoin but with the current limit, I’d have to break down my withdrawal over a course of several weeks/months.

Is there a better way to buy bitcoin in bulk and withdraw? I don’t want to make so many small withdrawal and have UTXO issues in the future.

Looking for your insight. I am still educating myself. Thank you.

My daughter is planning her wedding. In lieu of wedding gifts, the newlyweds would like to ask for bitcoin from each invited guest, being able to track who gave and how much. What’s the best way to generate and print these unique ~250 addresses and QR codes?

I have some bitcoin on three different exchanges, including cashapp. Do you keep it all on one or do you also keep them separate? Is there an advantage to keeping them on one consolidated position?

Hey, i plan to invest longterm into BTC. My wife and i managed to make a Kraken Account each.

We have 2 young kids, we plan to split 50/50 into each account.

1000$ to the parents account

1000$ to the childs account

Our plan is to hold minimum for 15 years depends on the future maybe even longer.

I backtested some DCA strategies from past performance and i really cant tell, which time option is the most efficient one?

Buy BTC 66$ per day? Buy BTC 500$ per week? Buy BTC 1000$ per two weeks? Buy BTC 2000$ per month?

Anyone else made such a plan and can give me some helpfull insights?

Thank you very much!

Any info or advice would be greatly appreciated!

I really like the idea of self custody with maximal security - HD wallet with a passphrase, pin to unlock, duress pin, etc. However, the more security you use the more likely that your funds will be unrecoverable for yourself. I would also like my bitcoin to be inheritable in the case of unexpected death. Given those goals here is my idea. Create a UTXO spendable by wallet A immediately. Wallet A is the maximally secure wallet. But also make it spendable by wallet B but only AFTER a certain block height. Wallet B could be kept by a custodian. As long as you remain in control of wallet A you can essentially renew this agreement by spending the UTXO to another address within wallet A with a new block height for wallet B. The downside is the network fees of renewing the arrangement. I imagine a time horizon of 3-5 years.

Can anyone poke holes in this strategy? Is it overly complicated? Has any wallet software implemented a user friendly flow to setup an arrangement like this?

I heard btc might be hacked by quantum computers in the future. Is this bc they could extrapolate privates keys through public addresses? Is it theoretically possible to do this and we just lack the technology atm and what if it would happen? Would btc lose its worth? Could they adjust and fix the problem or would they need to create a new btc? What are your thoughts?

I’ve looked through posts and from what I can see, I should choose jade over ledger, trezor etc because of security reasons. What my question is, what is jades official website or should I choose another wallet? I’ve heard that it’s very important to buy from the official website. Any other important information about wallets in general is very helpful as well. Thank you

I’ve recently took an interested in crypto for obvious reasons along with a handful of friends who’ve been involved for a few years now. I understand the potential and also the risks involved but on a personal note the potential outweighs the risks considering the amount that I’d be putting in. One stumbling block / concern I have is around mainstream banks and the cashless society that we’re heading into. I’ve heard of occasions where banks have blocked people buying crypto already, but what happens when society is virtually all the way cashless? From my view, albeit the view of a beginner, I worry they’ll have control then and be able to limit the potential by blocking purchases etc if they really wanted to.

Interested to hear differing views and learning more.

Hi all. Think I know the answer already but worth asking on here I suppose. I used to buy bitcoin for dark web purposes almost 10 years ago. I would use bittylicious to buy and would the a wallet address that would be generated from the marketplace I was using.

I was going through old transactions recently and I noticed one of the adresses was never used, and there is actually 0.33 bitcoins in there that was never used. You can imagine how cheap that was in 2015! And how much it has grown too now.

I haven't checked but would imagine the marketplace I used back then does not exist anymore, but is there another way around accessing this wallet? I can see the wallet address and transaction details, and am a complete novice in this space.

Any help would be greatly appreciated!

(EDIT) Thanks for the responses. Wish I never checked mempool

Hi All I ve accumulated some btc directly in a hot wallet dcaing.... how can i get rid of all the utxo? Can i just send the whole amount to my bitbox or do i need to take more steps? Thank you all!

What is it? What happens then? How are we affected?

Hello, I'm trying to understand the different Sparrow server options and the "best practices." Please correct me if I'm wrong.

1. Public Server

• This communicates your signed transactions with the blockchain network and send/receive bitcoins.
• I get that this won't give you the privacy, I was able to search the transaction ID and see my transaction and other information on the mempool.
• What exactly server does it use? I see Public Electrum on the doc?

2. Bitcoin Core

• This downloads the entire transaction history/blockchain network and allows you to execute/validate transaction directly.
• So, I won't need to go through third-party sever (Public Electrum), so these transactions won't be able to be found on the mempool?
• But, this option still leaves the public keys, balances, and other information floating in the blockchain? so you would need the Private Electrum Server for true cold storage.

3. Private Electrum Server

• This part is what I'm struggling to understand the most. So even if you use the Bitcoin Core full node, the transaction and wallet information would be left on your computer running everything.
• But the private server won't leave any mark on the blockchain per se? How does any transaction go through without being left on the Bitcoin blockchain network?

Thanks!!

I’ve spent all afternoon today and yesterday, lurking in this sub and I have to say I’ve learned at lot thanks to several of you, (notably u/bitusher) - so thank you!

I have a lot more to learn, but wanted to run a scenario by this group.

I have about $2500 in bitcoin in Venmo. I bought it for fun curiosity when I saw Venmo was offering it. I now know Venmo is an exchange. I presume then it also acts like a hot / custodial wallet? But I could be wrong. I downloaded Blue and Green apps on my iphone. My thought was to transfer the bitcoin from Venmo to one of these wallets. But I’m not sure how different they are from Venmo. I know not to buy bitcoin from a wallet. Is this like the middle step between Venmo and a hard wallet? I think I can make a non-custodial wallet in Blue.

Upon advice from this group, I’ll be buying a hard wallet too. Either Trezor or Jade (as recommended in FAQ). I’m presuming they’ll be compatible with Blue or Green?

Or do I just buy the hard cold wallet now and skip the app wallet and just transfer straight from Venmo? Should I keep Venmo as a means to purchase bitcoin from their exchange, move it to a non-custodial wallet at regular intervals (monthly, etc) and then move it all to hard wallet once the balance has reached a certain point?

Related question: I have about $15k in stocks that I was thinking of cashing out and buying more bitcoin for the long haul. The stocks are about 1/2 S&P Index and 1/2 various others ( Netflix, etc). It may be wise to keep the S&P, maybe not.

I do have about $150k in 401k and IRA accounts, so bitcoin would not be my only investment if I did this.

My main goals are to 1. Keep the $ safe and 2. Do this as anonymously as possible.

I also plan to set up regular interval transfers (sorry I forget the fancy acronym for this), but someone suggested $1 a day or whatnot. Would I keep Venmo for this purpose? Or use another app?

TIA!

Hey guys, My crypto is on a Key Keep, connected to Shapeshift. They have outrageous feels to sell with three options to off ramp that average 10 percent.

How can I move the crypto from the wallet to Kraken to sell it?

I just found I'm able to purchase sats through the primal app on nostr. Does anyone know any other services that allows the purchase of sats using using Google Play points?

I am in the process of switching cold wallets - moving from Ledger to something air gapped. I have been digging more into managing UTXOs and consolidating them but I only see videos of how they’re managed on Sparrow. What is the most efficient way of doing this before I or as I send them from Ledger Live to my new wallet? I know that Ledger Live has a coin control feature which has a coin selection strategy dropdown to be able to minimize future fees (merge coins), but would it be easier just to transfer to Sparrow, consolidate them there and then send them to my new wallet? Also, if I do it through Ledger Live, is my receiving address for consolidation the same Ledger address or my new cold wallet address?

I’m in the process of learning about Bitcoin, and I stumbled upon an article containing some quotes from the late Charlie Munger, and Warren Buffet. I would like to test my BTC knowledge with this sub to see if I’m grasping the concept of a decentralized currency. The quote is as follows.

"In my life, I try and avoid things that are stupid and evil and make me look bad in comparison to somebody else - and bitcoin does all three," Munger said. "In the first place, it's stupid because it's still likely to go to zero. It's evil because it undermines the Federal Reserve System ... and third, it makes us look foolish compared to the Communist leader in China. He was smart enough to ban bitcoin in China."

His comment about the monetary value for BTC stands within reason as a value investor. He probably has the same stance with high risk, growth securities.

But it’s the comment about undermining the Fed and then bringing China into the mix is what irks me. It’s to my understanding, and please correct me if I’m wrong, but the Federal Reserve seems to be undermining itself just fine. I think it’s the Fed that makes the USD weaker by printing more money to save an over leveraged Government and financial system.

As far as China banning Bitcoin, it shows they do not believe in a free capitalist market. (Shocker) The US claims to be fair and just, but we are the fools for self custody of our wealth, steering away from the diluted USD? Banning BTC to force us to be chained to the all mighty dollar that lost 7% YoY due to inflation makes him sound like a fool.

Thanks for reading, hope this sort of post adds to our sub. I’d love to hear your thoughts on anti BTC comments like this, or any corrections to my little essay here. Have a nice night!