Lol @ no coin cels. Bitcoin bout to break 20k right now

[gesten]

I thought y’all said it was gone dump? Lmaooo

[gesten]

1 Bitcoin will equal 250k before January 2021 mark my words

[GuineaDago585]

I wish the chit would just crash already so I could buy it up. I threw a few dollars in last week when it dipped, but now it’s up to record highs and I’m not going to risk any real money on it. What other cryptos are worth putting money into?

[ClivesTriceps]

I'll buy more after the next crash when Biden locks the country down again

[EoR]

Like a vegan trying to convince everyone to eat meat. You'd think if you had such a winning ticket you wouldn't divulge it to the world? Easy money no risk right?

[JaegerBrah]

Damn, I missed out. I was stupid and invested all of my money into my properties on the west coast.

[pondus_levo]

1 Bitcoin will equal 250k before January 2021 mark my words

You have no idea how stonks work. lol

[rootcon]

Dont care if money is to be made. Too much risk for me at this point. I think the ship has sailed.

[BeginnerGainz]

Can someone aware a nocoincel on how Bitcoin even works? Can you cash it in for real money or what?

[Frank Drebin]

Dont care if money is to be made. Too much risk for me at this point. I think the ship has sailed.

This. Upside isn't worth the risk. If I was a gambler I'd rather gamble on something in a regulated market like TSLA which has outperformed BTC this year. Hell, even my conservative CNQ play is up 3.3x off the March lows, pays a nice 6% annual dividend, and can be held in a registered account.

[eatmycrackers]

Can someone aware a nocoincel on how Bitcoin even works? Can you cash it in for real money or what?

Make a coinbase account and buy there, you need to send some KYC info to prove you are who you say you are. Alternatively I believe you can now buy on PayPal as well.

Have you ever sent funds via PayPal? It’s the same thing except instead of sending dollars you send an internet coin. You can buy/sell/send fractions of a coin, up to 1 one millionth of a Bitcoin which is like $0.00002 (this unit of measure is called a satoshi)

A few years ago I gave my gf a fraction of a Bitcoin for her birthday it’s now worth like $2k lmao

When you want to, you can transfer from BTC or USD that’s the benefit of keeping everything on the exchange like Coinbase.

[pondus_levo]

Can someone aware a nocoincel on how Bitcoin even works? Can you cash it in for real money or what?

You'd be better off trading futures.

[Ninshark]

Can someone aware a nocoincel on how Bitcoin even works? Can you cash it in for real money or what?

All cryptocurrencies are just computer programs that build chains made of blocks. when a computer that runs the program builds a block for the overall chain, it's called mining. That computer gets a certificate that they added that block to the chain. The certificate is what we call a coin. It's all a metaphor. The coins can be traded like stocks/commodities, and depending on how much people are willing to pay for them, they may rise and fall in value. You can also transfer them to other people, who may hold them or sell them on a cryptocurrency exchange like Binance and redeem the cash value (this is how you pay people using cryptocurrency).

The certificate/coin that you own refers back to the very block it came from so you can't counterfeit the coin.
The coin is not regulated by any party, you increase the supply by mining more, rather than printing more at will.
There is an extinction algorithm that reduces the size of the block/portion of a block generated through running the program over time when a certain length of the blockchain is reached (generally takes a few years and then the size generated is automatically reduces by 1/2) - reduces supply and increases price, reduces profitability of mining.
There is an upper limit to the total length as well which guards against inflation.
Some people think this will replace fiat currency one day, who knows...

I'm bullish on BTC.X and cryptocurrency in general, but I don't think today's rise means we're going to the moon. It means we're going to have a pullback. When it dumps, that means we're going to the moon. Something that really irks me are the cryptotubers who have huge clickbait titles and thumbnails that are excited when crypto goes up and fearful when crypto goes down. Those are normal human emotions, they also cause epic losses. I know because I trusted my instincts when I first started and just lost money. It's really irresponsible because these channels are responsible for fomo during a climb and fud during a dip, it's completely wrong, you need to do exactly the opposite. Sell in increments when it goes up, buy in increments when it goes down - it's called DCA, and if you can't buy, then hodl. So now I just buy when the cryptotubers talk about a drop in price, and make money...

[LFAesthetics]

that pre thanksgiving dip looking like a text book bear trap atm, lets see how the rest of the week plays out.

[BeginnerGainz]

All cryptocurrencies are just computer programs that build chains made of blocks. when a computer that runs the program builds a block for the overall chain, it's called mining. That computer gets a certificate that they added that block to the chain. The certificate is what we call a coin. It's all a metaphor. The coins can be traded like stocks/commodities, and depending on how much people are willing to pay for them, they may rise and fall in value. You can also transfer them to other people, who may hold them or sell them on a cryptocurrency exchange like Binance and redeem the cash value (this is how you pay people using cryptocurrency).

The certificate/coin that you own refers back to the very block it came from so you can't counterfeit the coin.
The coin is not regulated by any party, you increase the supply by mining more, rather than printing more at will.
There is an extinction algorithm that reduces the size of the block/portion of a block generated through running the program over time when a certain length of the blockchain is reached (generally takes a few years and then the size generated is automatically reduces by 1/2) - reduces supply and increases price, reduces profitability of mining.
There is an upper limit to the total length as well which guards against inflation.
Some people think this will replace fiat currency one day, who knows...

I'm bullish on BTC.X and cryptocurrency in general, but I don't think today's rise means we're going to the moon. It means we're going to have a pullback. When it dumps, that means we're going to the moon. Something that really irks me are the cryptotubers who have huge clickbait titles and thumbnails that are excited when crypto goes up and fearful when crypto goes down. Those are normal human emotions, they also cause epic losses. I know because I trusted my instincts when I first started and just lost money. It's really irresponsible because these channels are responsible for fomo during a climb and fud during a dip, it's completely wrong, you need to do exactly the opposite. Sell in increments when it goes up, buy in increments when it goes down - it's called DCA, and if you can't buy, then hodl. So now I just buy when the cryptotubers talk about a drop in price, and make money...

Wow thanks man.

Just downloaded coin wallet or whatever it’s called to get started.

[EmmaW4tson]

Yeah BTC will totally not get rolled once the CBs get their coins going because we are going to see the death of money.

CBs >>> you.

[Roldz]

Aren't you the one who thought he'd get rich off of $200 in xrp?

[pondus_levo]

wow thanks man.

Just downloaded coin wallet or whatever it’s called to get started.

rip