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What are the steps for a beginner to buy Bitcoin? : Bitcoin
Main Post: What are the steps for a beginner to buy Bitcoin? : Bitcoin
Reddit - The heart of the internet
Main Post: Reddit - The heart of the internet
Where to buy original Rolex for Bitcoin?
Main Post: Where to buy original Rolex for Bitcoin?
Top Comment: Overstock.com, man! They've taken bitcoin for a while; I've bought plenty of stuff from them with btc. Not Rolexes, though. Their prices for Rolexes aren't great, but they're usually just a couple hundred bucks above market. Not bad.
"Buy Bitcoin and Hold for retirement" - Senator Cynthia Lummis
Main Post: "Buy Bitcoin and Hold for retirement" - Senator Cynthia Lummis
Top Comment:
Wow, only 5 Bitcoin? What a shrimp
Is it worth to buy a bitcoin for 500 pesos?
Main Post:
I'm a Senior high school student , 18 yrs old with an interest on Cryptocurrency
I want to invest my 500 pesos on Bitcoin but is it worth?
I hope someone will give me an advice to further increase my knowledge
Thank you
Top Comment:
You are so young, your money should be invested in yourself.
Read books, listen to podcasts and learn how to control your emotions before doing any investing, also always do your own research, always.
To answer your question, if you have to ask someone whether something is a good investment or not, you probably shouldn't invest on it. Never invest in something you do not understand.
Where to buy computer parts for bitcoin in EU?
Main Post:
I tried googling but all I get are bullshit mining articles. Anyone know or have any experience? I would like to make a Ryzen build.
Thanks, BT
Top Comment:
https://www.scan.co.uk/
Where to buy and sell crypto
Main Post:
Tell me guys, what are the best exchange to buy and sell some crypto with lower fees, I've some in stock, and I want to sell but need to know where.. What do you suggest me?
Top Comment:
Coinbase vs Coinbase Pro vs Cash App
All these companies are insured and very easy to setup and verify with great UX. Due to its simplicity Cash App is a little easier to use out of the 3. All these methods require AML/KYC verification, cash app delays this until you withdraw the BTC.
Coinbase.com
Pros-- Easier to Use than coinbase pro. Allows you to lock in a price (but have to wait ~1 week) for BTC to be released which is helpful during a bull market.
Cons
Coinbase has upset some of the Bitcoin community for supporting scams and insider trading= https://www.youtube.com/watch?v=0l1KwAZKGts, ~1 week delay on withdrawing Bitcoin, more complex to use than cash app, highest fees with 1.49 % bank transfer and 3.99% debit card fees, overcharges on withdrawal fees or onchain transactions
Pro.Coinbase.com
Pros-- Lowest fees of the 3 when you use a buy limit order = 0.15%, unlike coinbase pays for your onchain withdrawal fee(But the week delay(~2 days SEPA in EU) on fiat arriving preventing buying can make you lose BTC unlike the other 2)
Cons
Coinbase has upset some of the Bitcoin community for supporting scams and insider trading= https://www.youtube.com/watch?v=0l1KwAZKGts, ~1 week delay(~2 days SEPA in EU) on depositing fiat with bank transfers before you can buy BTC, most complex to use of all 3
Square Cash App
https://cash.app/help/us/en-us/1016-bitcoin
https://itunes.apple.com/us/app/square-cash/id711923939?mt=8
Pros-- Easiest to use of the 3, Best alignment with Bitcoin politically, Allows you to lock in the price immediately and withdraw quickly(once verified), No fees to buy Bitcoin or withdraw bitcoin
Cons-- Only available in USA, No way to send BTC to cash app to to sell thus once you withdraw you have to sell elsewhere, despite having no fees their spread is slightly wider thus making them slightly more expensive that coinbase pro typically
Here is a complex price analysis comparing cash app to Coinbase, to coinbase pro I did a while ago.
So lets assume a 100 USD as a typical transaction for most. So when I do this on cash app I get 5295.75, and on coinbase pro I get 5236 (100-0.15%) so 0.01888 btc cash app 0.01906 coinbase pro = 0.00018 BTC difference or 94 cents higher on cash app ... but also keep in mind that cash app lets you instantly purchase BTC with a deposit showing instantly where you lock in the rate like coinbase which has a 1.49% fee instead of waiting 1 week so a better comparison would be 5227 (100-1.49%) =0.01884 BTC so cash app actually has lower fees in this regards.
Thus , if you want to wait a week you can save a dollar , but also likely buy BTC at a more expensive amount in a bull market.
TL;DR
Good idea to setup an account with either "Cash app and coinbase pro" or "gemini and cash app" if you are in the USA. Unless you live outside the USA , you should never use regular coinbase due to the fees.
Use cash app during a bull market where you need to instantly lock in the price. Perhaps use coinbase pro in a Bear market where the delay won't hurt you or if you need to sell some Bitcoin.
Never store your bitcoins in a web wallet or exchange. You own 0 bitcoins if you do not control your private keys. After buying your bitcoin withdraw them to your personal wallet
If you want to buy Bitcoin without verification than -
https://www.reddit.com/r/Bitcoin/comments/b2wj6k/p2p_exchanges_eg_localbitcoins_bisq_hodlhodl/
You will pay at minimum a 7% premium to buy without ID
If you are outside the US than look into kraken or Bitstamp as well
Is it time to sell BTC?
Main Post:
I had a gut feeling to sell Bitcoin last time in 2017 when it hit 19k, then could have bought again when it dipped.
Do you think the time to sell has come again with the new high? (to re-buy at a lower price)
Top Comment:
Are you investing for the short term? Less than a year? Sell.
If you are a long term investor like me and many others here, this is a mole hill compared to the coming mountain.
Time is money.