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28
Bitcoin help please
posted 1 year ago by Jimp024 1 year ago by Jimp024 +28 / -0

So I have a little money 10k in Bitcoin through the Robinhood app. Should I keep it their or move it somewhere else.? If so where.?

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▲ 6 ▼
– Pbman2 6 points 1 year ago +6 / -0

Robinhood is asshoe.

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▲ 2 ▼
– DeepDMingDeep 2 points 1 year ago +2 / -0

Robbin the hood. They have to tell you.

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▲ 4 ▼
– Tellstruth 4 points 1 year ago +4 / -0

Some Say Silver Set to Skyrocket.

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▲ 5 ▼
– Honor+Duty 5 points 1 year ago +5 / -0

I hop you are right. I had 100 bucks of bitcoin in my “cart” back when Ron Paul was running. Everyone was pushing this weird bitcoin thing. It was 3 dollars and something per coin.

I wasn’t sure about the wallet security so I waited. Next day it went to 80 something and I didn’t buy any.

Crap!

I DID buy a bunch of silver though. I need it to go up like the bitcoin did!

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▲ 4 ▼
– Tynyyn 4 points 1 year ago +4 / -0

Might look into other cryptos. Cardano, Onyxcoin, Dogecoin. Trump has hinted that crypto is going to be a leg of our financial stool, gold being another one. Plus look into other markets. Once Trump opens up our economy then there will be need for raw materials that will help build things such as streets, bridges, motherboards and airplanes, etc... There is a mine in southern Alaska called the Pebble mine. It has been shut down by the EPA because it might pollute the spawning grounds of salmon. Once Trump tosses out the EPA and since the Supreme Court has ruled that the EPA cannot make law, the Chevron doctrine becomes very pivotal to the mine open back up. This particular mine has an immense amount of ore that contains a vast amount of copper. Moreso than the Grasberg mine in Indonesia. Plus it has tons of gold and silver. Currently the stock for the company that has the rights to mine Pebble is Northern Dynasty (NAK). It's trading around $1.00. Yea, it might be a penny stock right now, but when the mine opens it could reach hundreds of dollars a share when the copper begins to flow. So, my missive might sound like a pump and dump scheme, but I'm only relaying options to you to look at. Crypto, especially Bitcoin will continue to go up, buy why not widen your search for other avenues of revenue generation. Don't take my suggestions. Do your own research and find other markets that might begin to increase in production and price once our economy begins to crank up. Heck, oil companies will be pumping oil like there's no tomorrow if the price of a gallon of gas goes below a dollar. Think about how Americans will love to get back on the road when they can travel all day on a sawbuck. Lots of markets to look at, just find one and research the piss out of it and see if it has potential to go up when Trumps big beautiful ideas of American exceptionalism is realized.

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▲ 2 ▼
– Plantmedicine 2 points 1 year ago +2 / -0

theres only one BTC the rest are shitcoins. If im wrong please look at any chart over the last 5yrs. everyone learns in their own time but when you get wrecked with alts it becomes clear.

also, nobody is in control of BTC unlike eth or ada where there are people in charge of the project and they like to change things and can be made to change things. BTC is different.

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▲ 1 ▼
– DavoW420 1 point 1 year ago +1 / -0

Every cloud has a ‘silver’ lining. Physical silver only.

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▲ 3 ▼
– Wearestillfree 3 points 1 year ago +3 / -0

I'm no financial advisor but precious metals, land, etc. and anything physical that retains value would be a good investment.

Things happen in cycles. If you look @ the roaring 20's, our market is mirroring it. We all know what comes next it's only a matter of time.

You'll be in a better financial situation for investing when everything is crashing and has reached its bottom. You will also be able to ride the elevator back up and more than likely be in a better place than you were before.

If it gets really bad you will not be able to eat your precious metals. Not to doom and gloom but prepare like you would for a bad hurricane or storm that could last for several months where you will find no food or water available. You do not own anything If you do not have physical possession of it. Good luck Fren.

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▲ 2 ▼
– glade 2 points 1 year ago +2 / -0

just get a good hardware wallet . send it to there and keep it in a safe for 20 years

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▲ 3 ▼
– deleted 3 points 1 year ago +3 / -0
▲ 1 ▼
– glade 1 point 1 year ago +1 / -0

ok boomer

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– sunnyinvegas 1 point 1 year ago +1 / -0

Definitely put it on the hardware wallet.

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▲ 2 ▼
– deleted 2 points 1 year ago +2 / -0
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– Jfredpillforever 2 points 1 year ago +2 / -0

Yes move to somewhere that you control. I like and use the Tangem wallet. Be your own bank.

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▲ 1 ▼
– JizmJunky 1 point 1 year ago +1 / -0

Find a final destination for it. BTC is wildly expensive to move around. I use a ledger NanoX hardware wallet.

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▲ 1 ▼
– redtoe-skipper 1 point 1 year ago +1 / -0

You could easily install Cake Wallet and move your BTC there.

If it is not your seed phrase, it is not your coins.

If it is not your seed phrase, it is not your coins.

repeat that 20 times. Install Cake and move your coins. And NEVER EVER allow "robin hoods" to be custordan of your coins. Take Responsibility, take ownership.

That is power. That is freedom.

https://docs.cakewallet.com/get-started/

If you need to swap, you can use orangefren (https://orangefren.com/) to get a better deal than any other platform. Exodus is nice, lots of eyecandy, but expensive.

Look in the list for your tradition centralized exchange .... while KYC-ing your ass off.

O and be smart: do not use your phone to exchange, use a linux OS like ubuntu, MXlinux (KDE) or popOS

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▲ 1 ▼
– DavoW420 1 point 1 year ago +1 / -0

Silver FTW!

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▲ 1 ▼
– Jimp024 [S] 1 point 1 year ago +1 / -0

So I’m a lot confused. Are you saying I should dump Bitcoin and buy silver.?

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▲ 1 ▼
– DavoW420 1 point 1 year ago +1 / -0

I am no financial advisor but my info suggests gold to surpass bitcoin,and then silver to surpass gold. Sounds crazy, but silver is needed for industrial and electronic manufacturing and they have been selling silver certificates with none to back it up,for years.

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▲ 1 ▼
– werdzishard 1 point 1 year ago +1 / -0

Personally, I would hold my bitcoin. That's what I'm doing. I take a little profit when it goes over my initial investment, leave the rest in.

Just my 2¢

Edit: I use Coinbase Advance and Coinbase Wallet

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▲ 1 ▼
– Plantmedicine 1 point 1 year ago +1 / -0

Please dont use RH there are many great options that are not as hostile to their customers.

Strike app - best app and fees

Coinbase advanced for lowest fees

Cash app if you are starting out

hop onto the btc subreddit and ask.

with that cash you could buy with 25% of it then when it dips buy more as you go or even DCA and ignore the market and just buy on a regular schedule.

i stopped looking at the price and just dca a portion of my paycheck every payday.

many paths to the same summit

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▲ 1 ▼
– sillBag 1 point 1 year ago +1 / -0

Yeah.. move it to a local wallet or hardware wallet (Trezor or Ledger).

Exodus.io is a very good desktop wallet, as well.. and imo safer than letting some exchange hold it for you. Just make sure you backup your words and store them in a SAFE AND SECURE place... Preferably even broken into a few pieces and stored in separate locations from eachother.

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