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Showing 4 of 4 results by goap
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Board Bitcoin Discussion
Re: Are you ready for the Bitcoin bull market? What's your plan? Some ideas for you
by
goap
on 28/01/2024, 19:27:32 UTC
Good recommendations, I think it's best to DCA out late 2024 or early 2025 whenever the time may be, and then when the cycle hits a bear I will most definitely be buying back.
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Board Bitcoin Discussion
Re: What if authorities launch a tax for owning bitcoin?
by
goap
on 13/01/2024, 18:08:47 UTC
1.  The government does not want to shut down bitcoin I don't know where you got that from. They approved 11 Bitcoin ETF's a couple days ago.

2.  Yes, you can buy on a KYC exchange and then transfer the funds to an address that the government cannot link you to. Use the bitcoin address of any non-custodial wallet of your choice. You will not get taxed until you move it from that Non-KYC wallet back to an exchange to sell.  That's the best way to go about it in your situation. Reporting anything stolen won't help you.  
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Board Bitcoin Discussion
Re: Bitcoin as P2P currency vs Bitcoin as an asset
by
goap
on 13/01/2024, 16:27:26 UTC
i think slowly overtime bitcoin is switching from an investment asset to a P2P currency. in my opinion, this is going to happen very slowly over many years. when bitcoin was first released in 2009, no one really used it at all. bitcoin prices were less than a cent, basically nothing.  the market cap was so low. this made it so easy for bitcoin to literally pump and 100x - 1000x in price in a very short period of time. obviously only a very slim percentage of people gained from the huge spikes bitcoin did in the early days, because bitcoin wasn't well known, not a lot of people were invested into bitcoin. slowly overtime, more and more people get invested into bitcoin, the market cap grows over time, and it becomes harder for those huge bitcoin 100x spikes. flash forward to now, bitcoin is still very volatile, but now it doesn't go absolutely crazy like it used to in the old days.  depending on where we are in the 4 year cycle, it can 3-4x now, in maybe a year or so, nothing like it used to, obviously this is due to the market cap so massive now this market cap cant be multiplied as easy as it used to. as time keeps going by, i think we still will have bull markets and bear markets, but i think as bitcoin has been doing over time, it will continue to stable out slowly but surely. because bitcoin is stabling out, thats why I believe bitcoin is ever so slowly switching from an investment asset to a P2P currency.

Smiley
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Board Bitcoin Discussion
Re: What's Your Exchange to Wallet Ratio?
by
goap
on 13/01/2024, 16:07:23 UTC
i do not have anything on an online exchange, I don't think there's any reason to store any on an exchange unless you're day trading or only trading for very short term. I'm pretty against online exchanges because you're not the real owner of your crypto, the exchange is. You don't control your private key, they do. It's extremely easy to get sim swapped or hacked another way on an online exchange. If you're planning on holding for a while, id recommend you transfer to either a hot or cold storage crypto wallet, not an exchange. Personally, I keep about 15-20% on Exodus, for day to day use, maybe spending a little, and the rest ~80% of my assets are locked up on Trezor.  Holding till the moon.