Bitcoin and Crypto Thread

So you're asking Satan about Satan and he's telling you that Satan is good?
Its not satan, its like a google replacement for information with more direct answers and this is the conclusion, it shows the difference between bitcoin and all the other cryptos, it didnt say bitcoin is good, it just mentions the differences. Most people who have studied bitcoin already knew this, its not new revelation.
 
Im outside the USA and Iv been struggling to buy Bitcoin directly without other peoples help, after lots of difficulties, trials and errors I have managed to find a way, maybe there are people on here with the same problem in their countries?

In South Africa our banks are hostile to crypto and Iv even read that its possible they can even close your bank account, to be safe I opened a second bank account at a bank thats not linked to my current bank, I only use this bank account to deposit funds for crypto so I keep the funds very low so "if" they ever close my account I dont lose anything, maybe I should even take out a small loan with my bank which will force them to leave my account open or else how will they ever get their loan payments from me if they close the account?

I downloaded a South African crypto trading app called Altcoin Trader, I upload funds through a direct internet transfer which can take a few days to reflect. I can then withdraw my bitcoin into other bitcoin address and wallets that my country doesn't allow me to directly use although Iv tested it they allow me to cash out, not that I want to do that but the option is there.

This might be old news for some of you but It took me months to figure out, not much information out there of how to do this.

There is apparently another way to do this but I havent had the opportunity of trying it, direct cash deposits at Bitcoin ATMs which my country does have in a few places.
 
Im outside the USA and Iv been struggling to buy Bitcoin directly without other peoples help, after lots of difficulties, trials and errors I have managed to find a way, maybe there are people on here with the same problem in their countries?

In South Africa our banks are hostile to crypto and Iv even read that its possible they can even close your bank account, to be safe I opened a second bank account at a bank thats not linked to my current bank, I only use this bank account to deposit funds for crypto so I keep the funds very low so "if" they ever close my account I dont lose anything, maybe I should even take out a small loan with my bank which will force them to leave my account open or else how will they ever get their loan payments from me if they close the account?

I downloaded a South African crypto trading app called Altcoin Trader, I upload funds through a direct internet transfer which can take a few days to reflect. I can then withdraw my bitcoin into other bitcoin address and wallets that my country doesn't allow me to directly use although Iv tested it they allow me to cash out, not that I want to do that but the option is there.

This might be old news for some of you but It took me months to figure out, not much information out there of how to do this.

There is apparently another way to do this but I havent had the opportunity of trying it, direct cash deposits at Bitcoin ATMs which my country does have in a few places.
Also people who have trouble getting access to Bitcoin may want to consider that some spot Bitcoin ETFs allow you to directly redeem the Bitcoin if you own units in the trust. You buy units in the ETF and then fill an application to redeem the Bitcoin and they cancel the units in the fund and send you the Bitcoin.

Also in many countries there are Bitcoin ATMs.
 
BTC has crashed below 80k. People are panic bailing. At this point putting your money in a high yield (4%) savings would be better. Way too much uncertainty with everything right now. Focusing on investment where Trump2's priorities are (energy, AI, etc...) is prudent now. BTC will be back, good time to buy right now. Thoughts?
 
BTC has crashed below 80k. People are panic bailing. At this point putting your money in a high yield (4%) savings would be better. Way too much uncertainty with everything right now. Focusing on investment where Trump2's priorities are (energy, AI, etc...) is prudent now. BTC will be back, good time to buy right now. Thoughts?
Downloading the latest Bisq update now to get some under $80K! Will be my first purchase in many months.
 
BTC has crashed below 80k. People are panic bailing. At this point putting your money in a high yield (4%) savings would be better. Way too much uncertainty with everything right now. Focusing on investment where Trump2's priorities are (energy, AI, etc...) is prudent now. BTC will be back, good time to buy right now. Thoughts?
I just bought some bitcoin, Im glad I got a good deal with the current low prices👌🏻
 
Here is the bitcoin chart since 2017 up until now 2025, notice how many up's and downs Bitcoin goes through but in the end it still produces a very steady growth, according to this chart it would be pretty normal if Bitcoin crashed to its previous high spike of $65,000, its really nothing to panic about it happens all the time.
 

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This is the bitcoin chart during the last 60min, it has many highs and lows every minute of the day, up and down up and down, people seem to panic or have a little fear when they see how much it fluctuates but look at the overall long term, it has produced a very steady continuous growth for many years.

Screenshot_20250301-213517 (1).png
 

A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA.

I will make sure the U.S. is the Crypto Capital of the World.

We are MAKING AMERICA GREAT AGAIN!


Trump's repeated failure to mention BTC in relation to his "strategic crypto reserve" can only be deliberate at this point. It appears that David Sacks, Marc Andreessen and others are driving the White House crypto policy in favor of altcoins, which they can personally exercise control over (and extract profit from) to a far greater degree than they can with Bitcoin. And while I've long been critical of Bitcoin and the idea of a Bitcoin reserve, the idea at least makes some conceptual sense if you buy into the Bitcoin maxi argument. But there is literally no compelling argument whatsoever for a strategic reserve of altcoins. It's clear now that this scheme has been nothing but a grift from the beginning. Trump's crypto cronies pulled a bait and switch, exploiting the zealous Bitcoin maxi community with talk of a Bitcoin reserve, then pivoting to ADA, SOL and XRP at the last minute, intending to dump their altcoin bags on the U.S. taxpayer.

EDIT: Trump sent out a later post specifically mentioning BTC and ETH:

2025-03-02_08-44-31.jpg


Regardless, this seems to indicate that the entire proposition of a "strategic crypto reserve" is not a serious undertaking to advantage the United States, but rather an opportunity for insiders to grift. There is nothing remotely "strategic" about a basket of highly manipulatable altcoins.
 
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Trump's repeated failure to mention BTC in relation to his "strategic crypto reserve" can only be deliberate at this point. It appears that David Sacks, Marc Andreessen and others are driving the White House crypto policy in favor of altcoins, which they can personally exercise control over (and extract profit from) to a far greater degree than they can with Bitcoin. And while I've long been critical of Bitcoin and the idea of a Bitcoin reserve, the idea at least makes some conceptual sense if you buy into the Bitcoin maxi argument. But there is literally no compelling argument whatsoever for a strategic reserve of altcoins. It's clear now that this scheme has been nothing but a grift from the beginning. Trump's crypto cronies pulled a bait and switch, exploiting the zealous Bitcoin maxi community with talk of a Bitcoin reserve, then pivoting to ADA, SOL and XRP at the last minute, intending to dump their altcoin bags on the U.S. taxpayer.

EDIT: Trump sent out a later post specifically mentioning BTC and ETH:

2025-03-02_08-44-31.jpg


Regardless, this seems to indicate that the entire proposition of a "strategic crypto reserve" is not a serious undertaking to advantage the United States, but rather an opportunity for insiders to grift. There is nothing remotely "strategic" about a basket of highly manipulatable altcoins.
Bitcoin is the gold standard of Crypto and he should stick with only bitcoin in my opinion, anything outside of Bitcoin cant really be trusted as much as they are all centralized and not a good idea for crypto reserve in my humble opinion, It would still be a huge advantage and good thing if he at least went for 50% bitcoin, I would be happy to see that due to the size of the US economy.
 
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