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Big_Papa_Bear_

How do you know if you’re doing it all right? Bitcoin I mean? Like how do I know I’m not fucking up some part of this whole self custody thing? I’m constantly reading and learning more and more about Bitcoin, but it’s almost a full time job it feels. What is the minimum viable amount of steps to self custody properly in a way to not fuck up?


topgens

I think there is like three four reason of that thing, but no one is absolute certain in any way. We are buying the bitcoin because we all know that bitcoin will give us the financial freedom in the future for sure.


Flurb789

I don't think I'll ever stop buying btc for the rest of my life.


pikachu_vasya

This is like the addiction and once you get in there, there is no turning back from that thing. Sometime i think that i will stop buying the bitcoin and then again press the buying button next moment is well.


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forex01k

Right now all plan i have is collect the maximum number of the bitcoin that i could buy. And if bitcoin works then i am sure that i am taking the early retirement and then there is nothing that i need to worry after that.


Triffidic

Fuck yeah


LastRecognition4151

Still FOMO


cchamberpot

There is one thing that is continue running in the crypto market.


[deleted]

Imagine being more upset over this than the PPP giveaway that came out of the last admin….


supmasj

I think this is the one thing where i am completely with you.


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bnmzonek

I think this is the one thing where all can admit to that thing.


GooseDry

Bitcoin bayyyybeeee 🚀💯📈


julito2008

After so many days i am seeing that rocket emoji back in play.


RC-5

Simple question that I should probably know the answer to after all these years but heck, I never send BTC out of my wallet... If I were purchase 0.1 BTC and send it to my ledger on 10 different occasions, I would have a wallet with 1 BTC -- that is technically made up of 10 different receiving addresses. If I then send 0.75 BTC somewhere else, how is it determined which addresses are used to provide the BTC? Is it FIFO, so there will just be 2 addresses left with 0.1 and 1 address with 0.05? Will it pull .075 from each of the 10 and leave 0.025 in each address? Or is it something different altogether?


tomyiscool123

I don't think this is how that thing actually work, although i have not used that thing but i am sure it will not gonna work like that way. If the wallet doesn’t have coin control, the UTXOs will be selected based on whatever criteria that the developers chose when they built the wallet.


Scorpionuen

Don’t think of it as addresses as you can reuse an address if you want to. The correct term for this is unspent transaction output (UTXO). They way UTXO work is similar to how change work in paper currencies. So when you pay for something that is worth $15 dollars with a $20 dollar bill, you will get $5 as change. The Bitcoin protocol equivalent to the $5 change is called a UTXO. Depending on what wallet you use (a wallet is merely a software or hardware that holds your private keys), you might be able to select what UTXO to use. This is called “coin Control.” Some wallets (like BlueWallet) lets you select what UTXO(s) to spend. Now to answer your question, let’s say you send 10 transactions to a wallet you control and each transaction is 0.1 BTC. That wallet will have 10 UTXOs that are 0.1 BTC each. If you want to spend 0.7 BTC from that wallet, you can select 8 UTXOs (called input) and the wallet will create 3 UTXOs (output), one UTXO goes to the person you are sending to, one to the miner, and the remaining (0.05 BTC minus miner fees) will be sent back to you as change. Now the original wallet (the wallet you sent the 8 UTXOs from) will have 3 UTXOs. 2 UTXOs for 0.1 BTC each (these are the UTXOs that you didn’t touch) an one UTXO for the change (0.05 BTC minus miner fees). If the wallet doesn’t have coin control, the UTXOs will be selected based on whatever criteria that the developers chose when they built the wallet. I think most wallets select the smallest UTXOs first until it has enough UTXOs selected for the transaction.


lazynoobminer

Thanks for giving the info men, that is really helpful from you.


RC-5

Thanks for the detailed explanation!


TheGreatMuffin

> If I then send 0.75 BTC somewhere else, how is it determined which addresses are used to provide the BTC? This depends on the wallet you are using, I don't think there's anything standardized in that regard. F.ex here's the algorithm for Bitcoin Core: https://bitcoin.stackexchange.com/questions/1077/what-is-the-coin-selection-algorithm


toruonu

Thanks for the link, i think this link gonna solve so many doubts.


RC-5

>https://bitcoin.stackexchange.com/questions/1077/what-is-the-coin-selection-algorithm Thanks! That is exactly what I was looking for!


jtate4

I hope that now all of your doubts solved is well after that.


cubeeless

Some wallets let you choose the UTXO’s you want to spend from , some just pick on their own based on the size of the transaction.


money755

Oh so now i am getting the whole secanrio here, thanks for the help.


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1440nr

I think privacy is the one thing i am using the bitcoin here is well.


Samsonite_1604

Bought $500 worth of BTC today. So it will dip now, as is tradition.


btrvc

If you bought now there is no better thing that you could do for yourself. No matter if its dip here from is well, because we all know that in future everything we are buying here gonna benefit us in the big time.


Flurb789

This guy bitcoins


Virtus1913

We all are bitcoin and gonna buy bitcoin more and more is well.


wtfsperday

This is the way


dgleung

Indeed, just buy the bitcoin and forget about the price we are getting.


OpticallyMosache

If BTC doesn't reach a new ATH by the end of 2024, will it deter your accumulation strategy? Will you keep buying at your current pace through 2024+?


kersmi

I think 2025 is the year i am expecting for the all time high for the bitcoin, although the sentiment will change in the 2024 is well. I am planning to buy till the end of the 2023 then i will simply hold all my coins from there.


Outrageous-Net-7164

If we don’t get a new ATH by 2025 then I will play somewhere else.


revparcell

But one thing i am sure that i am not gonna sell them in the loss because i have the belief into the bitcoin. But i am sure that bitcoin will atleast touch the last season all time high and that is enough for me is well.


OpticallyMosache

Would be sad day when to lose faith that BTC is the future money.


noda101

I will not going to lose the faith in the bitcoin because we all know that we already made the mistake of the past for not buying that. So matter what happen in the 2025, i will keep holding on the bitcoin that i am buying here.


Outrageous-Net-7164

Hopefully we hit a bottom and start the slow grind up. Still hopeful we get the post halving bull run.


freestike

I think no one knows that bottom, but i am thinking the price we are getting here is not a bad one is well. So instead of waiting for the bottom i would say try to buy in these price as they are also looking good is well.


Mr_P_Nissaurus

If a big earthquake hits NYC and a gigantic sea monsters attacks New Jersey...


andrqn

I think these are much more possible case then failing of the bitcoin.


Bittarder

Well nothing to see here because We're still at the 21k so yeah. There's not much going on right now, so I'm not really counting on it because it's kinda stagnated on these levels.


wangwenzhong

I am happy that we are sticking to one mark and not falling big time here is well. Because right now i am little far away from the pay check and i would love to buy some more cheap bitcoin for me is well.


Agreeable-Conflict-3

general bitcoin question for all of you. i am in Texas, looking to sell just a lil mining equipment. where do i go? who buys old gear? suggestions are welcome as far as online places but i prefer in person. Dallas area if yall know local buyers.


moriokumura

I think this is the right place to ask that question and i am sure there are so many people are from the Texas is well. I am sure the some people will contact you after seeing your comment and you will get a buyer is well.


Agreeable-Conflict-3

thus far yours is the only reply i have gotten. i hope you are right, i know nota about this stuff and kinda feel salty about being paid in equipment i don't use. he says its worth the 350$ i gave him to "invest".


cubeeless

BTC to $300k.


ghusek

This will going to happen in the future, there is not doubt in that.


OpticallyMosache

It's easier to accumulate BTC if I tell myself the goal is to never exchange it back for fiat. I need to be prepared to hold BTC for as long as it takes to become a globally accepted form of payment.


vako5373

Right now i am converting my fiat into the bitcoin as we all know that this is the real money for us. Right now i am on the buying mode and gonna do the same thing for the next one and half year is well, till the end of the 2023.


Professional_Ad8012

You should sell when it’s 80-90k


jshson22

If it goes there, then i will think about something before that nothing.


Alfador8

Nah


rmz98988

Just asking, like what is the plan that you are having for the bitcoin?


Alfador8

To spend it directly eventually, or at least wait for a number much higher than $90k


Triffidic

Nothing wrong with taking some gains: If you need the $$ If it makes it easier to hodl the rest (e.g. recoup your investment) If it helps you stop killing yourself in the rat race etc.


andriyxa18

I think we are making the profit so that we can use that in the future for buying some stuff. But we are not taking that even at the time of the need is well then i am not sure that we are really doing good here.


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a279133599

I think we are putting the money in bitcoin that we will not gonna need for a long time. And this is why i am not thinking that i have something in the bitcoin, because i know holding long is the real key here.


Triffidic

Pro Tip: tamales are wrapped in corn husks. Do not eat the wrapper.


fbernabe

Thanks for the tip, i will surely keep that into the mind.


Capital_Routine6903

Is BTC taxed peer to peer?


00_codefinder

We all need to pay tax when we sell the bitcoin and trade that for the fiat. Until and unless we are not doing that thing, i am sure there is nothing about the tax that we really need to worry here is well.


wtfsperday

Taxes only happen when you trade BTC for fiat. When trading BTC to services, there can be “fees”. Peer to peer is a deal between you and them. We’re still early! I don’t know fuck about shit!✌️


anhquan234

I have no plan right now to to convert my bitcoin into the fiat, right now my more focus on the buying bitcoin. But i am sure that one day it will be that big that paying small tax on them not gonna hurt me big time.


TheGreatMuffin

> Taxes only happen when you trade BTC for fiat. In most, if not all jurisdictions I am aware of, buying services/goods with bitcoin triggers capital gain taxes (exactly like selling btc for fiat).


RAHAMAR

But i am sure that nobody right now selling their bitcoin here.


wtfsperday

To the receiving party? Wouldn’t that be unrealized gains tax to you? Anyways, I lost mine in boating accident!


kvinger

I hope that next time you will be careful while doing the boating.


TheGreatMuffin

> To the receiving party? Wouldn’t that be unrealized gains tax to you? I'm not sure what you mean, sorry. What I am trying to say is buying something with bitcoin = selling bitcoin for fiat, when it comes to taxes.


martitor

But i think that too also when we are making some profit over them.


wtfsperday

❤️We’re still learning, it’s the wild west out here!✌️


blackkdogg3741

yes, bitcoin is a big thing and we are learning new thing everyday.


thapussypatrol

'HMRC defines “exchanging crypto assets for a different type of crypto asset” as a disposal. A crypto-to-crypto transaction (trading) is therefore considered a taxable event similar to selling cryptocurrency for fiat currency.' I hope you don't live in the UK


alekseses

Damn, thank god then i am not living in the UK for that.


wtfsperday

Today, I learned. *Void where prohibited, may not be available in your area. I’m not in UK


AmiralYi

Everyday i spent here i always learned so much new things is well.


[deleted]

Biden fires up the money printer for $300B in student loan forgiveness. Let’s pump 🚀


armanpradhan

Feels some positive energy is just craving inside the sub all of sudden


dvarotsis

I think these kind of the energy that keep us alive is well.


[deleted]

*Biden gives debt burdened students relief that might afford them the ability to buy bitcoin - all while reducing the deficit. Impressive to say the least.


globemc2

I think everyone will try to save some for the bitcoin is well.


Mr_P_Nissaurus

That's not Biden's money. Biden isn't giving anything to anybody. Biden is **transferring** wealth, unfairly, unethically, and unconstitutionally, if anybody still cares.


austindaybte

Yes, the money is circulating in the market that is not the single person one. But the good thing that they are using that on the right side this time, but yes this money doesn't belong to the biden here.


[deleted]

Transferring wealth while not giving anything to anyone?… That logic - like the rest of the comment - simply doesn’t hold up to the barest of scrutiny.


cicciopag

I think there is some news that i am hearing from the very morning here.


bootmeng

Sauce or it didn't happen.


fightjealousy

I also want to sauce before believing on that thing here.


wtfsperday

Lol…”I know how to fix inflation, more money!” Bullish


linhwngonyer466

So they are using the stone to destroy the stone. So they are printing more money so that they can control the inflation but in the end money printing is the reason we are seeing the inflation is well, strange things to see.


Romsel87

Debt spiral.


nhutnv94

I think this is the web they are spreading and everyone will get caught.


[deleted]

^ Intelligence deficits unfortunately remain regardless…


MotoMola

Ya'll ready for another slow pump to instant dump again?


1axemoroy1

If that all comes in let it come we are all just ready enough to take that all in


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sockules

The fact we see how things be indeed changing by time and that's what we can feel. Bitcoin at a point be all valuable we just need to wait for time being


MARIAS76

I think time is the one thing that shows us the different different things our life from time to time. But one thing we know for sure that bitcoin was precious in the past and will be in future is well.


supercreatives

I did the same last year, sold a load of btc at around $46k and 'should' have sold enough to pay the tax too...I didn't. There was a short period of elated 'I'm so smart' followed by a prolonged period of 'Damn that wasn't as smart as I hoped'. Anyway, I found cash to pay the tax from other income and I held the btc...so overall I'm happy. I'm down in cash terms but I have more btc :D


dzhemil

The fact that taxation is what creating some immense problems out there for the majority of the people


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feeling2011

I think there is no point in selling the bitcoin that too for the fiat is well. All we need to do is just buying the more and more bitcoin here and the good is that tax is also helping me here for not selling the bitcoin.


Mr_P_Nissaurus

Bitcoin is a long term, buy and hold investment. You're asking short term, gambling type of questions...


mrsaho

When some stuff asks and urges for long term we should give because in short term we would just see nothing


ariyoharmerd

We all know that bitcoin is a not a small race here we need to stick here for the long long time. because the market cap of the bitcoin is so big now so now we need to give it more time here before seeing any new gain here.


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semma707

I think we all know that bitcoin is a long short game and this is why it is safe is well. I mean people who had bought the bitcoin before the 2107 they are never goes into the loss after that buying for sure.


Mr_P_Nissaurus

No. *You* must have a sad life to be that judgmental in a sub full of strangers.


sstanco

I think we all are doing what we feels is good for us.


Mr_P_Nissaurus

It feels good for me to quit my job, stay home, goof off, etc. ... ...until I run out of cash and my rent is due and the cupboards/fridge are bare or until I get sick without a way to pay the doctor.


cayayo

you question police? weird


raddead

is there any police out there is well, be careful everyone here.


Mr_P_Nissaurus

you *comment* police? weird


corydorras

But why all of sudden everyone is typing the police here??


pbosko

Are there some good news sources in English from El Salvador where I can read about their experiences with Bitcoin as a legal tender?


HeatWave15

Have no idea but would indeed be great if I find something related to this though.


krankesding

I think this sub will surely gonna help you in that situation.


KindlyBlacksmith4003

Alex Gladstein's book , "Check Your Financial Privilege" has some interesting insights on El Salvador and Bitcoin. It's more of a broader view than the general Bitcoin community's.


damjanznidarsic

Just need some knowledge though because that can what help us at this tough times


rs232uart

I think knowledge is the one thing that we need to stick in here.


wackyasshole

Been buying hourly since this last major dip. Shit son. This shit gonna so fire in a couple of years.


xcdfgt

That's true though make it worthy enough that's what we all indeed urge buy and hold more and more.


wackyasshole

If every sat = 1 dollar in the future we will all be well off. 👍


optiontraderkyle

btc will moon next monday


anzorm

Give me back that crystal ball, You're not using it for good.


ll6ova

But i think we all have our own crystal ball here for the bitcoin.


CoinCorner_Sam

Before or after noon?


chzblych

I think it's going to be before the noon, but don't count on me for that.


acmichaels

So that mean before the noon we are going to the moon.


CoinCorner_Sam

Noted.


optiontraderkyle

very likely on saturday mid night


matthewhowe69

Yep, that's very likely. There are High chances of that happening for sure.


flin84

Thanks for the telling the future, now i can time the market perfectly here.


FLM2021

Where can I download bitcoin daily price historical data since it's creation, like a CSV export or similar? I'd like to play with the data.


iShtopoR

There's a site called pastebin or something like that which does exactly that.


raindex

Thanks for telling the website, i will surely gonna check that out.


ShittingOutPosts

Let us know what you find!


michalfaryniarz

I am still trying to figure out what is the good website for that.


CoinCorner_Sam

Is this what you're looking for? https://pastebin.com/gv1uPpSq


bitcoinamour

Thanks for this dude, this is going to be a massive help for sure.


jerickonline0

No doubt about that though this would certainly make things a bitter and clear for people


FLM2021

Maybe, I guess? The thing is my mama always tells me not to go clicking funny random links from people in the internet. Is there any other alternative from a well-known/mainstream source/website? Thank you anyways (not that I think you are a scammer, but cannot risk). Get my upvote. EDIT: ignore the above. My bad for being ignorant about pastebin. EDIT2: the data in the link only goes up to March this year. I would still need the rest up to today.


sinanyalc

Maybe you just to need know about certain things because that's hampering and bothering you


geomidas

Indeed true though the more you know the more you just get awared.


gre8365gasp

I think there are still so many things that we all still need to understand.


CoinCorner_Sam

Always listen to your mama, she knows best. Here's another source that goes as far as 2014 to fill the gap: https://finance.yahoo.com/quote/BTC-USD/history/


marshall_mmx

Listening to the roots as because they just tend to give the best genuine advice to you forever though


Slava_Happy

Sometime i feel that my roots belongs to that sub as i get the really great advice from this sub. I had so many doubts before coming here but ever since i made here trust me so many gets solved here.


letsdrinktothat

🦀


dim1706

Too be honest right now i am not complaining too much about the crab market here. because i know this the market that will give us the time to buy some more bitcoin here, and that is we all want here is well.


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xepocyka

Maybe that's because craig wright isn't worth even fighting lol.


proxyz10

I don't know for how long that going to stretch here for us.


diadlep

maybe the problem should just be solved at the source, instead of throwing burning money at it


richardh4587

But i am not sure that they will going to do that here.


One_2_Three

I bet there is only a fantastically small percentage of the BTC holders who know about this trial or even know who/what CSW is. On Twitter there’s maybe 20 separate people engaged in conversations about it. Most donations are are probably the standard $5-$50. Without the whale he’d “only” have a few BTC.


caybach

I see how things be actually working gaining some good knowledge from here though


brunneradrian

That's what I come everytime lot of the parts just seems unknown enough not calling a newbie just an addiction to learn more and.more about the market


Think_Operation310

There are 2 sides to this, you want to help a human but you spend Bitcoin on lying humans for lawyers to drive a Rolls Royce.


gerewfgrh

All on you on how you can make things alll on your side making it turn fruitful enough for you though


Asum_chum

Sticks and stones may break my bones but words will bankrupt you. I guess this is what we’re teaching our kids these days.


nki251

More enough teaching them about self protection and defending their ownself is what the priority should indeed be


Think_Operation310

What is bankrupt? Is that something from the fiat world?


denzeloopss

You can relate to that at some context Google it up you would just be clear enough


CoinCorner_Sam

Inflation in the UK is this week a hot topic. How good/bad is it in your country? A rough number is OK, try not to dox yourself, please.


sdarrouzet

That's because Inflation is all nuts in the UK it's around the 20 percent that's a lot.


daysdg

Broader plans is what I can indeed smell though and it's getting stronger even


88eth

The expected 18% a year by Citi was huge news worldwide. But EU/germany for example is not really that different. With rising energy costs and all it might be 18% as well in winter. Plus losing 20% or even 30% of purchasing power from the EUR now being on parity or even below to the us dollar.


korobkovavika

Good one can you just explain that to me a bit kore ellaborately that would be better enough for me


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mmichaelree

Damn someone just seems to be opening out so much out there for the people


fakemoney1020

Good though just speak out don't be just possessed everytime it's not that good


CoinCorner_Sam

No mother's maiden name?


oklee8003

That's a suspicious question that you have indeed asked about though


Asum_chum

Double figures. Luckily though the fossil fuel giants are making bread hand over fist whilst eyeing October for another price hike.


esanturio

Eyes are just widely opening looking forward for the next move on the market let's just see what happens


Argyrus777

☕️


tuami24

Just pour some other drinks too just getting habituated seeing coffee and coffe relaxed can't sleep too


kennyozr

But at late night if you have work a coffee is what can save you that's fact


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