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Any of you weaboos invest in Bitcoin?

jesper0
What you guys think about this crypto dump? you think it will come back up soon?
datritzboi
I'm actually interested in bitcoin, but not sure how to even go about getting into it.
jesper0
@datritzboi You need a wallet and a place to buy bitcoin. I use Exodus(wallet) and Btcdirect(buy btc(site))
arc
Feb 24, 21 at 9:02pm
@neet_one holy crap, do you still have bitcoin? You'd be loaded by now!
neet_one
I still do, all be it not that much. only 0.08 BTC. Bit of alt coins too but those probably aren't moving any time soon. I mean doge did a bit, but I only had 3k of those so it's not anything to write home about. Instead I found a lot of profit in Crypto related stocks. Made $10k in one day thanks to BTCS for example going from 15 cents a share to $3.
arc
Feb 25, 21 at 8:04pm
damn, that's awesome
alephy
Ah yes, one of the first threads I made when I first joined this cringy ass site. My original account got yeeted da fucc up outta here kek. It pays to be a kawaii thug out these weaboo streets
alephy
Yes, it will go back up eventually. You think it will go down forever? U silly lil weaboo @jesper Push buy buttong @datritzboi
jesper0
@alephy Hahaha buy the dip brother. Just wondering what you guys opinion were the first dip was down to 38000 euro's 1 btc i then bought some. But there was a second dip at 35000 euro's 1 btc. You never know took some loss there. cant do it all perfect sigh.
alephy
Alright on a more serious note. Compared to the size of the gold and stock market. The size of the crypto market is still comparatively small. At the time that I wright this. The global stock market is about 89.5 trillion. The size of the gold market is about 11 trillion. The size of the BTC market is about 0.92 trillion. Which means that BTC is currently about 1% worth the size of stock market and about 8.4% the size of the gold market. The crypto market is a lot smaller than the gold and stock market. It takes less money to move a smaller market. Hence why you see extreme price volatility in the crypto space. It is not uncommon to see +30% one day and then -20% the next day. BTC dumps, then eventually rebounds. @jesper The easiest way to get bitcoin is through a crypto exchange. There are dozens probably hundreds of crypto exchanges. The crypto space is still really new. It’s the wild, wild west with very little regulation. One day an exchange is doing ok. Then the next day the exchange is completely gone. Poof! Gone out of existence. Forget about insurance. A lot, probably most crypto exchanges don't have insurance. Hence, if the exchange goes poof forever. Your funds will probably go poof forever. In my opinion. It is wise not to keep large % of crypto in any crypto exchange. If you buy BTC. Do it as Jesper said. Buy it off an exchange. Then immediately transfer your BTC to your wallet. You then have control of your own private keys. There's a common saying in crypto that says,"Not your keys, not your coins". If someone else has control of your keys. Then you don't control your coins. I looked at BTCDirect's fee structure. BTCDirect charges 2% to buy bitcoin and 1% to sell bitcoin. In my opinion. That is kinda high. Binance offers a much better fee structure. Binance offers 0.1% to buy and sell bitcoin. There are two Binances. Regular Binance if you live outside of the US. Binance US if you live in the US. But remember what I said about keeping your funds in an exchange. @datritzboi This is not financial advice. Just my own personal opinion on what I know. Do your own research and inform yourself.
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