Oh thanks.

My "friend" found the "El Camino" sequel movie, so we did watch that one, but we had not heard about the "Better Call Saul" production(s), even though yeah, "better call Saul" was a kind of funny refrain within the movie, including that there were several times calling Saul could have had been helpful, and then other times, maybe not so helpful.. and I was also kind of wondering what happened to Huell, since he was left in a hotel room and thinking that he could not trust anyone, including that Saul and Mr. White were angry at him... a quick google search shows that something about Huell is in the Better Call Saul" "prequel"


I don't usually think about fuck you status in that kind of a way, even though such broadness is a humorous application of the idea.

I think what is happening between d_eddie and me as a kind of negotiation in which neither of us wants to do the work, and not that I even believe that he needs to do the work for a topic that I keep bringing up (whenever I detect that he is being overly cheerful in connection with our current my lil precious price situation), beyond perhaps my desire that d_eddie remembers my version of events, as flawed as my ongoing stuck memory might be...   .hahahahahahaha


I am sorry to hear about your wallet experience with freebitco.in, and with just the name, that does not sound like a reliable wallet... of course, how we store our coins can end up having profound effects on our experiences, especially if we end up losing our coins. No one wants to lose coins.

To me, your amount invested (as a trade) does not seem too much.  I mean even if you invest $100 and then you cash out at $1 million or higher, then you are potentially getting $900 out of such a trade (you might be thinking about it as an investment?).  And your $50 might turn into $70, which seems like a BIG whooptie doo.

Of course, you are ultimately in charge of your own trades (investments), yet I usually suggest that guys try to take a long term perspective of bitcoin, and sure I understand that maybe you don't have a big budget, yet I would still try to figure out how much you can stock away every week, and even if it is ONLY $10 per week, after a year you would have had invested $520 and after 10 years you would have had invested $5,200 - that is if you stick with $10 per week.  I think that many guys who stick with bitcoin will become more and more bullish with time, and you can figure out an amount that is comfortable for you, even though I also tend to suggest that guys error on the side of being as aggressive as they can without overdoing it, yet you still likely need to build investment systems, since you seem to not be used to investing.. You seem to be a trader (gambler) rather than an investor.

So anyhow an investor needs to build his bitcoin investment, yet he also likely needs to build back up funds too.. and the back, up funds should be maintained at 3 months of your expenses, even though it could take you a year or two to get your bitcoin and your back up funds to both be at an equivalent of 3 months of your expenses.  Part of the reason that you should have back up funds is so that you never have to sell any of your bitcoin at a time that is not completely of your own choosing, and you should be thinking about investing into bitcoin for 4-10 years or longer.

Many guys already have a practice of holding 2-6 weeks of cash as a kind of buffer, so you might not need to build up your emergency funds more until the amount you put into bitcoin is similar to the level of your cash buffer.

Let's say for example that you have an income that varies between $300 per month and $900 per month with most months being around $650 per month, and let's say that you have basic expenses that tend to be between $400 and $550 per month, with most of the time being $475, so most of the time you have around $175 of discretionary income, yet you have to have extra money based on the months that your income might be low and your expenses high, since you would have a short fall in those months, which is $250.. and also once you invest into bitcoin, you should be using the highest of your basic expenses, so you should be working on getting at least $1,650 as your three months of back up funds (and perhaps as your emergency fund, and you can build up further than $1,650 and those would be reserve funds).   

Let's say that when you first came to bitcoin, you have right around $450 in cash, extra as your cash cushion, so if you get paid $650, you might already expect to put all of the discretionary income into bitcoin for that month, which would be $175, yet surely you might go crazy if you are not keeping some money aside for other things that you want to buy, so maybe you just decide to buy $25 of bitcoin each week and see how the month goes, and if you have extra at the end, then you will buy more bitcoin otherwise, you decide to just start to build up your bitcoin stash to have $450 invested into it, which will take 18 weeks, if you keep investing at $25 per week.. so then once your bitcoin and your back up funds are both $450, then maybe you would shoot towards putting $20 per week into each of them to grow them at the same rate, and so if you want your emergency (back up funds to get up to $1,650, then it is going to take you right around 60 weeks to get both the amount that you put into bitcoin and your emergency funds up to $1,650 in each.  Once your emergency funds is at that level then maybe you want to continue to build your reserve funds up to 1 month of your expenses or you could just start to more aggressively start buying bitcoin at a higher rate.  In the next year, you should have some ideas about how your cashflow is going and if there might be ways to increase your discretionary income by increasing your income and/or by cutting your expenses.

If you are investing into bitcoin and studying bitcoin at the same time,  you can figure out your investment timeline and your level of aggressiveness.  Maybe after 20 years, you might get to a point that you can start to live off of your bitcoin.. all of this depends on your level of aggressiveness but also sure bitcoin is not guaranteed to go up either, but you can study it as you are investing into it and perhaps put yourself into a position to understand why bitcoin is an investment and not a trade, and no one can bring you to that perspective except for your own seriously looking into the matter and not getting bitcoin mixed up with other things that you think that you know  - since you seem to ONLY understand bitcoin as number go up technology, which should be enough of an inspiration to look into it more and to treat it as an investment rather than a trade.

If you have health and/or age reasons that prevent you from treating bitcoin as something to build 4-10 years or longer,  then those would be reasonable excuses to potentially treat bitcoin as a trade rather than an investment. Otherwise, I cannot see value in shaving a few dollars off of whatever you put into bitcoin here and there and then bragging that you made $900 when bitcoin ends up going to $1 million.. Even to your gambling/trading inclined way of thinking, does that strategy to plan to invest $100 into bitcoin to be able to cash out $1k at $1million make much if any sense?

Oh yeah, and figure out how to secure your bitcoin...   Electrum is probably pretty good since it has been around for a while and it is open source.  I don't use electrum, but I do agree with open source kinds of wallets.  You can also keep some of your coin on an exchange while you are learning - perhaps until you get up to $500 or so. You might not want to create a bunch of small UTXOs by moving around small quantities of BTC, for example if you were buying $10 to $100 at a time.  Surely, you are likely better off to figure out some private wallet situations to store the majority of your coins, even if you might still keep 20% or so of your bitcoin stash/and dollars on some exchanges.  I currently only have around 5% of my stash with third parties, yet I understand when your stash is smaller, then it might not really hurt to have a higher percent with 3rd parties as you figure out some way that you feel comfortable to privately secure your coins.  I don't use Electrum, but I hear it is good, especially since it has been a round a long time and it is also open source.