Bitcoins - digital currency

Next time put what you're looking to sell in an exchange with a limit order.

The most bullish case nobody has talked about is Trump family/kids front running everyone right now and buying massive BTC bags for the family legacy hand off.

Daddy Trump and the new admin cement it long term into the U.S. Treasury or bond backing, strategic reserve and strategic stockpile, etc. His kids become instant billionaires without insider trading of a company. They won't need to be hired by companies where everyone knows they don't deserve it. And while they play with their bitcoins, they will be so rich they can explore whatever the hell they want rather than requiring them to slave away at some profitable business venture.

Trump voice - 'My kids really like this crypto Bitcoin stuff. I had no idea just how much they like it. They've been buying it quite a while now. The like it A LOT. You know I had to work hard for my Billions, many years. All my kids had to do is play with their Bitcoins, can you believe that'

Biden crime family did it first

91k no good for me, must be at least 93k. I must dispose of it through unconventional means so limit order is a no go. It's okay though. I think we'll be back there soon enough. At least I hope so.

Probably tomorrow lol. You're fine.

where can I buy mined bitcoins with cash\!!!

AT THIS POINT... Where can't you.

are you looking for Virgin BTC or does newly minted BTC not really matter?

I understand if you are a multi-national corporation and need virgin BTC, but end user does not. the ONLY place to get Virgin BTC is directly thru a Miner... and Miners are interested in selling to end users.

I want it in a brown paper bag, can you assist... doesn't really matter. I just wanna buy with cash. this is how btw is suppose to work.

Worlds evolve I guess .

What was that bitcoin forum where you would randomly meet some miner and give them cash for bitcoin in a sketchy drug dealer scenario, does it still exist?

Lets not talk about evolution, its the same geeks getting richer and richer.

There used to be a message board where peer to peer transactions would take place... many times for cash. But I have not seen it in years.
If you pay cash, how are you planning on taking possession? On paper?
The government has been very aggressive in implementing KYC protocols, so walking up with cash is a little out of norm... but I am not saying it is not possible.

Local bitcoins?

this.

Bisq is also popular for swaps. I used local bitcoin back in 2018 to turn casino winnings into bitcoin until the $20K limit where you had to KYC.

On LB you'd find a seller with low markup and a payment method you had access to fund. LB had 3rd party custody of the BTC and would release it once payment was provided and both parties agreed payment was made. You find someone selling .25 BTC for $2000 and the markup is 3%. You lock in a price on the website and then you had like 2 hours to make the payment - to prevent people from arbitraging price movements and cancelling trades.

I'd bring $2000 cash to western union or moneygram and usually end up sending it to someone in Colombia. The interesting thing is those Columbian sellers had employees who would be the receiver name you put down at WU. Every day it was some new person. The seller on LB was the same but they gave you a new receiver name every day in WhatsApp. They'd get about 6.5 million colombian peso and I'd get .2 - .25 BTC back then. After sending a payment at WU, in WhatsApp you'd send a photo of the receipt and their claim # for proof of payment. Then both parties would go to LB and click to agree payment was made. Then your BTC would be released and you could withdraw it from LB to cold storage.

I got 2 non-kyc cocaine bitcoin.

They're down 90% on those trades. They could buy back .016 BTC today.

Yes sir... it was an interesting concept prior to there being legitimate and stable exchanges.

Some advice from someone with not a ton of experience. Have a decent some of cash i want to start throwing into crypto. What is the smartest way to do it? Assuming on day one i just dont spend all of it right? Seems like majority of portfolio should be BTC - but any advice on both how i should structure the buying / % of portfolio should be btc / vs others / any specific other coins i should be looking into?

it all depends on your risk tolerance...

generally, a 50/25/25 balance is conservatively good.

50-btc
25-big cap
25-speculation

I think for a buy and hold strat, I would suggest 75-btc/25-big cap.

if you know about the momentum of the market, you can play with those ratios... for instance, I dont own any BTC right now... beside stocks, I only own SOL... but that can change at any time.

Since you know nothing - 100% btc

You'll start learning stuff and diversify to like 60% btc / 20% eth / 20% spec

Then you'll learn more and do 100% btc

This is completely accurate.

I would also add perhaps look into if the BTC ETF's are available in your jurisdiction. You can maybe put them into some sort of tax free account and it makes the whole process a lot easier. All of that depends on where you live of course.

It's not the same as holding real bitcoins, you will miss out/not learn about the self custody aspect for one but for ease of use its worth considering.

What about in terms of the mechanics of buying? Im assuming i just dont just one day spend all cash at once right? Do i try to buy over time? How do i structure it?

Good advice. I would take out ETH and replace it with SOL. The amount of SOL memes being created at pump.fun is absurd.

This was my exact experience

would one hold SOL for any reason other than being bullish on memes?

Yes

You guys might want to reread his post and consider skipping step 2.

+1