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Showing 8 of 8 results by DatBTCGuy
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Topic
Board Bitcoin Discussion
Re: Bitcoin halving countdown
by
DatBTCGuy
on 05/06/2023, 10:54:40 UTC
Thanks everyone, it's clearer now.
Once you have understood, you can lock this thread so that some people will not continue to repeat what others have posted already. To lock a thread, scroll down, at the lower left corner, you will see 'lock topic'.
I'm doing it, thanks for the tip.
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Topic
Board Bitcoin Discussion
Re: Bitcoin halving countdown
by
DatBTCGuy
on 05/06/2023, 07:39:34 UTC
Thanks everyone, it's clearer now.
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Topic
Board Bitcoin Discussion
Topic OP
Bitcoin halving countdown
by
DatBTCGuy
on 05/06/2023, 06:19:31 UTC
I have always had a curiosity about how bitcoin halving services calculate the countdown. For example, you have NiceHash that says halving will happen on May 2 and websites like this that have a quite different date.

Why this difference if halving happens after a fixed number of blocks?
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Topic
Board Bitcoin Discussion
Merits 5 from 3 users
Topic OP
Iconic billboard outside SVB
by
DatBTCGuy
on 15/03/2023, 11:46:18 UTC
⭐ Merited by dbshck (2) ,NotATether (2) ,BenCodie (1)
Just wanted to share this beautiful picture.

https://i.imgur.com/axjbl2Q.jpg

I'm new, so I'm not sure if this is the right section to share the pic. If that's the case, please feel free to move it.
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Topic
Board Bitcoin Discussion
Re: I managed to convince my senior dad to invest in BTC
by
DatBTCGuy
on 08/03/2023, 11:16:32 UTC
Thanks everyone for your concern on our situation. Showed the thread to my dad and he's appreciated it a lot. He loves the fact total strangers cares so much about him as he's not used to it in the real life.

BTW yes, I made him aware of all the risks. He's just got that tiny amount for now, but he doesn't exclude he may buy more in the coming months. His goal is not to get rich off BTC, he just likes this "new" kind of money where banks have no control, to him it's a revolution.
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Topic
Board Bitcoin Discussion
Re: I managed to convince my senior dad to invest in BTC
by
DatBTCGuy
on 07/03/2023, 12:26:33 UTC
I absolutely understand what you all mean but it's 0.01 BTC, we are not talking about lifelong savings. I'm also relatively relaxed because we're not in the bubble phase of the market just before the top, so if history repeats itself, it's unlikely to lose much money for anyone investing now.
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Topic
Board Bitcoin Discussion
Re: I managed to convince my senior dad to invest in BTC
by
DatBTCGuy
on 07/03/2023, 10:54:41 UTC
So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!
What is the software wallet you used to set up for your Dad?

Hopefully it is an open source self custody wallet.

Setting up that wallet for your Dad is not enough. You should teach him how to backup the wallet seed as well as how to recover it from seed. You should teach him that he should not give up that seed information to anyone. Because if he leaks it to others, he will lose that wallet and bitcoin will be stolen by people who know that wallet seed.

Security checklist
Securing your Bitcoin wallet
Wallet basics

Quote
Did you manage to convince your dads or other older people in your family to buy BTC?
I didn't do this and won't do it.

Thanks for the links! I setup Mycelium and yes, I told him about how seeds work and he understood that's the most important thing.
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Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Topic OP
I managed to convince my dad to invest in BTC
by
DatBTCGuy
on 07/03/2023, 10:24:54 UTC
⭐ Merited by The Cryptovator (2)
My dad is 79 yo. He's a retired carpenter but has always been interested in technology, electronics and related stuff. Back in the 90s, when I was just kid, he bought me a computer because he knew that's where the world was headed and we learned to use it together. During the years, I developed my passion in computing and programming and I always taught him to use all the tools needed to be a good user (he even uses things like password managers and multi-factor authentication tools).

Fast forward to early 2020, just before the pandemic, I started to buy BTC and I had always told my dad about this new "digital gold". He was skeptical (he's lived most of his life with FIAT and cash after all) but curious. He thought it was too risky though.

Not sure why, but last week he finally told me he wanted to try it. So we setup his software wallet and he bought 0.01 BTC. Not sure if he'll buy more, but I can certainly say I'm proud of him!