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People who have made a lot of $$$ in bitcoin and cryptos did not get lucky. They held through the ups and downs I could have sold all at $100K valuation, an amount I never imagined I would ever be able to acquire I could have sold all at $500K valuation, but still I was 100% of net worth...

I think real estate is great for its utility with a bonus of value appreciation, but then becomes a significant portion of a person's net worth due to soaring real estate prices millionaire repeating the same sunk costs and vested interest arguments re: real estate. Imo, it's a home and it's...

I think the Coinbase wallet app is a custodial wallet, but I've never used it so I cannot be sure. I only use the Coinbase website when I use Coinbase I think the OP is interested in true decentralized crypto wallets and I get the impression that the OP wants P2P transactions and although he...

You're going on a different direction We were simply looking at the argument that Thomas Petterfy was putting a small portion of his wealth into bitcoin/cryptos as Pekelo pointed out which I responded to You're now trying to change it to your crypto hater narrative which is out of scope for...

Ray Dalio, Paul Tudor Jones, Stanley Druckenmiller, Bill Miller, Thomas Petterfy, Winklevoss twins, Jack Dorsey, Elon Musk, Tom Brady, Paris Hilton, and many many more, own real estate and stocks but they also own bitcoin/cryptos Why can't you own bitcoin/cryptos as part of your investment...

It makes sense to put 1-5% of one's net worth to bitcoin and cryptos, just in case Should ET posters do the same as well? [hint]

There's a new target price for bitcoin that's circulating around... Long term of course :D

Completed the purchase of 3 btc's, Total of 18 btc holdings in the crypto pfolio 10 btc's are for long term with no plans to sell them until at least 5 years from now, depending on the price, maybe will only need to sell 1 btc at $500K+ in 5 years :D End of August, may sell 1-2 btc's and...

That works if you can time the short term up and down moves. I prefer btc and holding it long term and it trades 24/7 globally

That's the first time you mentioned you were not going to use it for illicit purposes I use Electrum wallet app and recommend it If the balance is higher than 1 btc, I would not recommend it, and Coinbase with 2fa is probably better for security

Bitcoin's first adoption was in the darknet markets, used for buying drugs and other contrabands or procuring illegal services such as hackers or a hitman. In case you did not know this about bitcoin Perhaps you did not hear in the news that the hackers demand bitcoin as payment, you can google...

I read it added $9B to Sam's net worth. The 29yo was already worth $10B or something like that before the deal, but that might have come down a bit as some were from his FTT (FTX tokens) Sam's a workaholic, many pictures of him sleeping on the office floor of his HK office

What worked?

Sometimes you want to enjoy your profits in your investments and want to spend Same thing for someone in 1999 and selling their Amazon stock to buy a dishwasher. Horrible decision looking back, but what if Amazon turned out to be like Pets.com, was not a bad move Anyway, not a tax expert but I...

I do not understand. Are you trying to use bitcoin as payment for illegal activities? Maybe the problem is you and not bitcoin Microsoft accepts bitcoin as payment. AT&T accepts bitcoin as payment. NewEgg accepts bitcoin as payment Bitcoin is legal tender in El Salvador...

I'm sorry but I cannot as I do not want to be involved if the wallet is used in illicit transactions, i.e. hiring a hitman wife's bodyguard :D Don't want to be contacted by authorities via ET private message...

Bitcoins are not stored on any wallet. bitcoins are entries on a public ledger (bitcoin blockchain) What's important is the private key(s) and who controls or has access to the private key(s) A "private" wallet is only a storage of private keys. The bitcoins are on the blockchain. See first...

I will be buying 3 btc's starting today I was out of town this weekend, so the vacation $ cost is less than my $ savings in buying btc's today vs buying a few days ago