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What do you think about BTC (Bitcoin)?


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I'm sure quite a few of us are interested in cryptocurrency like bitcoin, dogecoin, ethereum, satoshi, and all that good stuff, but I want to focus on bitcoin for a minute. Are any of you interested in it? Have you wanted to buy, or sell any of it? What are your experiences in investing in BTC? :)

 

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I'm invested in bitcoin! I use Gemini to buy it and Blockfi to store it. I want to invest in Ethereum next I think. Everyone I know warns me against investing in Crypto, but I feel like it's going to

Well educate yourself because its noT. Millionaires have been made through crypto.

Another big thing is crypto mining which is why a lot of nvidia graphic cards and asic miner machines are completely sold out 

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I'm invested in bitcoin! I use Gemini to buy it and Blockfi to store it. I want to invest in Ethereum next I think. Everyone I know warns me against investing in Crypto, but I feel like it's going to be the future and eventually replace the dollar. 

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6 minutes ago, Jordan Miller said:

I'm invested in bitcoin! I use Gemini to buy it and Blockfi to store it. I want to invest in Ethereum next I think. Everyone I know warns me against investing in Crypto, but I feel like it's going to be the future and eventually replace the dollar. 

I haven't invested in BTC myself, but want to get a start on it. I've thought about downloading Coinbase

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5 hours ago, Gayseus911 said:

Another big thing is crypto mining which is why a lot of nvidia graphic cards and asic miner machines are completely sold out :yaknow_britney_xfactor_X_factor_talk_tell_chat_you_know:

What sites do you recommend that are good for crypto mining?

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1 minute ago, Stefani said:

I think it's a scam. It was hyped up as being a big thing a few years ago and supposedly a revolutionary form of currency, but where? Where is she? :idkha_mariah_i_dont_know_her_pink_idk_shake_no:

Well, if you go to Cash App, Coinbase, Gemini, Local Bitcoins, or any other BTC websites, you can buy, or sell it :gagasmile_smirk_lady_pink: I actually bought some from Cash App a while back.

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I think bitcoin is encrypted data provided by citizens via social media and apps. I think it's all stuff that people think is private. Imagine that, our info encrypted as currency. Digital mining. It's an alternate reality. 

 

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30 minutes ago, ObsessedBritFan1 said:

I will learn about it after my trip from Barbados. I’d hate to die before I’ve been to Barbados. Did I mention Barbados? :bieber_justin_smirk_weird:

That actually does sound like an amazing trip. :gagasmile_smirk_lady_pink: You better bring me with you, lol!

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4 hours ago, Stefani said:

I think it's a scam. It was hyped up as being a big thing a few years ago and supposedly a revolutionary form of currency, but where? Where is she? :idkha_mariah_i_dont_know_her_pink_idk_shake_no:

Well educate yourself because its noT. Millionaires have been made through crypto.

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18 hours ago, Stefani said:

I think it's a scam. It was hyped up as being a big thing a few years ago and supposedly a revolutionary form of currency, but where? Where is she? :idkha_mariah_i_dont_know_her_pink_idk_shake_no:

Well its not a scam. What would be the scam? It's a form of currency that exists due to the Blockchain algorithm. If you actually look into it, it makes a lot of sense. And it's actually a very good way to create a decentralized system.

And btw, Visa and Mastercard both have cryptocurrency credit cards. In Miami you'll be able to pay for your taxes with crypto. Also you can buy domino's pizza and KFC with cryptocurrencies. Soon you'll be able to pay for Uber and buy Tesla's with crypto.

So it is here.. you just have to be aware of it.

Also multiple countries in Africa are now going to be getting rid of the US dollar as their base coin and switch fully to cryptocurrencies. Since the dollar has effectively failed them. The US dollar is now worth nothing, it's not even backed by gold anymore..

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The more the federal reserve keeps the printing presses running, the more Bitcoin I buy. It's not bad now but when the inevitable squeeze of inflation sets in, it is not going to be pretty and alternatives like Bitcoin and Ethereum will be good safe havens. I don't necessarily see it as an investment (because it's not, you're buying a currency not an asset) but it's a more effective vehicle at storing wealth than the US dollar given how debt is mounting, bond/treasury rates are dead flat and Congress plays loosy goosy with the budget and stimulus. 

For those of you just getting started, I implore you to research the difference between a currency and a token, I'm seeing a lot of newbies buying into tokens for short-term, fickle gains when they don't understand the fundamentals. Also it's crucial that you learn to read and understand the white papers for each currency before buying. I know it's complicated it but it's beyond worth it in the long run, trust me. 

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Does anyone use Blockfi? I want to transfer my Bitcoin there but I don't really understand. It's not letting me withdraw my full amount. Maybe I have to wait a few more business days? 

It says I have a smaller amount available to transfer out of my total balance. I want it to earn interest in Blockfi.  :liar_red_mad_angry_anger_yell_slap:

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