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posted ago by GODisinc0ntr0l ago by GODisinc0ntr0l +15 / -1

Can someone please walk me through this? I have downloaded the coinbase app and have a wallet app, and now I'm ready to buy. But, I just need assurance. Is there any possibility of losing this money once I move it? Who uses it? How? Is it secure? Just need to know that smart people other than Dave from x22 are buying this and that its a strong move.

Comments (56)
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dabdaddy 6 points ago +6 / -0

you're going to get a ton of idiots offering their free financial advice to buy the "next bitcoin"

this is a clear demonstration of their lack of understanding what they're talking about. Bitcoin is not a company. There is no "next bitcoin". This isn't Myspace. This is akin to TCP/IP, a protocol that layers are built on top of.

nearly every "crypto" project has had a pre-mine, meaning a sum of the total tokens for that asset are gifted to the projects investors/stakeholders - this is just a rebranding of the typical broken fiat system.

https://unchained-capital.com/blog/bitcoin-is-the-great-definancialization/

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PiMiner 3 points ago +4 / -1

Bitcoin is a THING.

All things are traded as commodities.

The valuation of a thing is dependent (in small part) on genuine interest and (in large part) on how various thieves will use the machinery of algorithms, press touting (to include boosters on alt-media forums), and fear-porn to herd impressionable crowds. Bitcoin is promoted as being scarce. But cryptos that are functionally identical to Bitcoin are not scarce. (I.e., compare to gold; there's only one kind of gold.)

Here's the "tell" for me: PayPal wants me to use Bitcoin. Musk wants me to use Bitcoin to buy his carbon-swindle scamcars. And there's a Bitcoin kiosk in every stupid supermarket now. The Cabal obviously wants me to use Bitcoin and go fully digital, all the while various hysteria shriekers are promoting it as the end of the Cabal.

"Is it secure?"

Coinbase is not "secure". It is an corporate exchange, just like a stockbroker, and has the same relationship to the IRS that a broker does.

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Fringe--dweller 1 point ago +1 / -0

bitcoin is the product, blockchain is the protocol.

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dabdaddy 1 point ago +1 / -0

blockchain is a technology. you don't run a blockchain node, you run a bitcoin node.

pick up a book

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UnkaSlamMissingBot17 1 point ago +2 / -1

Your time and money are the products, taking them from you is the protocol.

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dabdaddy 1 point ago +1 / -0

OP before you take this buffoon's advice look at XRP valued against BTC - not DOLLARS which we know are INFLATING

https://www.tradingview.com/x/pLv0ZSc7/

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dabdaddy 1 point ago +1 / -0

I thought I was being nice calling you a buffoon but I can see you're just a regular old idiot. Over the last 12 years BTC has produced an average return of over 200% per year.

Keep thinking XRP is the future. Have fun staying poor.

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PiMiner 3 points ago +4 / -1

Bitcoin Ben is spamming furiously in email this morning. Usually good for a 10% correction within 36hrs.

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PiMiner 1 point ago +2 / -1

Did you get my other PM?

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anon123456789 2 points ago +2 / -0

Digital money on sites we have no control over just seems like asking to get used and manipulated to me. They’re trying to replace the dollar

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Munchaussen 2 points ago +2 / -0

Let's talk about investing....Sorry couldn't help myself.

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magayd45 1 point ago +2 / -1

XRP going to the moon

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dabdaddy 0 points ago +1 / -1

I regularly send bitcoin transactions for less than a penny. Not sure what you're smoking.

Keep boasting about your expected future value lol

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magayd45 1 point ago +1 / -0

hahahhaha are you on meth cunt?

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Stumpycake 1 point ago +1 / -0

Jesus Christ this blew up. Okay. You're about where I was a month ago.

Step One: Uninstall Coinbase and get Coinbase Pro. It does all the same stuff and charges less in fees.

The best lessons, you'll learn along the way. Bitcoin bought me a haircut this week.

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Stumpycake 1 point ago +1 / -0

So here's the way I do it.

I get paid on Fridays. Friday morning, I wake up and deposit a predetermined fraction of my check to Coinbase.

Second, I pull up bitcointicker.co . I set the scale to 30 days. If the yellow line is below the blue line, I buy BTC at market. If the yellow line is above blue, I buy BCH at market.

If I see the price dip, I sell BCH and buy BTC.

This next part requires math and patience. Coinbase has a minimum sell price of 0.0001 BTC. If Bitcoin was at 60k, that equals about $6 minus a $0.03 fee. So I calculate how much the price of Bitcoin has to increase in order for me to "earn" that $6.00. Coinbase Pro has a feature called a limit sell that will sell automatically when BTC reaches a set price. I setup about ten of these.

So basically what happens is I only sell what I make, and nothing else. Rinse and repeat when I get paid again. Move all my earnings to my wallet at the end of the month.

Some days are bad. Some days are good. I'm one month in and so far I've earned myself a haircut. Who knows? Next month I might earn a nice dinner.

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dude_bro 0 points ago +3 / -3

I turned $5k into $150k. Don’t buy more than you can afford to lose. Buy it and forget about it for two years. Pay attention to small cap coins. Look into Fantom that you get on Kucoin exchange. Many newbs buy high and freak out with the first correction then sell low. Then buy back again when it starts going up. We’ve been going up since November so this cycle has been going up for a bit. It could continue to moon tho

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dude_bro 2 points ago +2 / -0

Yeah I got Chainlink at 20c and it’s $30 now. Put $2k into Fantom around a penny and it’s .43c

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dabdaddy 1 point ago +1 / -0

I nearly daily send small payments sub $100 down to even less than $1.00 amounts of bitcoin for fees less than a cent.

The dollar is also associated with human trafficking and other crimes what's your point.

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FreshFriggy 0 points ago +2 / -2

All I'm going to say is that I invest in zcash. It's was created as a private option to bitcoin. It's basically bitcoin 2.0, but it's much earlier (4 years) into the mining cycle. Grayscale which is the world's largest bitcoin asset manager put out a thesis project its price to potentially be $60k by 2025. I would research zcash if I were you. I also use coinbase and know others who hold hundreds of thousands in it. Don't know offhand their security protocols though.

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FreshFriggy 2 points ago +2 / -0

Also, my investment in zcash has tripled since December. The first halving in the mining process happened in November and since then it's bottom resistance has risen every month.

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FreshFriggy 2 points ago +2 / -0

Also it's a very wild coin, it will go from $145 in the morning to $160 in the afternoon to $120 in the evening. I just buy it, and plan on letting it sit a few years.

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dabdaddy 1 point ago +1 / -0

The problem is you're valuing your investment in USD.

Check out your zcash against bitcoin.

https://www.tradingview.com/x/8tWOhSHf/

ouch

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dabdaddy 2 points ago +2 / -0

are you retarded?

Zcash/BTC: https://www.tradingview.com/x/ocQm7clV/

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FreshFriggy 1 point ago +1 / -0

Yes. Along with one of the biggest cryptocurrency-focused venture capital firms. https://fortune.com/2018/01/31/bitcoin-cryptocurrency-zcash-buy-invest/

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FreshFriggy 1 point ago +1 / -0

See that is kind of a dumb way to approach this situation if your goal is to potentially retire in 5 years. OK, so zcash is $150 per, bitcoin is $60,000 per. So for $15,000 you can get either 100 zcash or 1/4 of a bitcoin. Now zcash has been evaluated by a major crypto firm to potentially be $60k in 4 years, bitcoin is projected to potentially hit $1 million at some point. So lets say zcash doesn't even come close to the $60k projection, lets say it only hits half that at $30k. $30k X 100 is $3 million. But if bitcoin actually hits $1 million and you hold 1/4 of one then you have made $250k.

There is a huge potential with zcash at this price, and I don't care what you think about it, because I have over a hundred and my portfolio balance has skyrocketed this year. Nobody knows whats going to happen , I might lose everything, bitcoin might plummet out of nowhere, DOGE could soar to a $1million. All I'm saying is I am informed about my investment and I believe in it, and I support you investing in whatever you believe in.

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FreshFriggy 1 point ago +1 / -0

Yeah, it was an exaggeration. DOGE has an unlimited supply which is what I feel will keep it from ever being remotely valuable.

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FreshFriggy 1 point ago +1 / -0

I however would like to note that I invested $6,000 so far and have 119 zcash which is worth over $18k. I welcome any criticism about my decision to choose zcash to invest in.