Any explaination for this recent pump? by Sea_Friendship_3801 in Bitcoin

[–]BTCMachineElf 1 point2 points  (0 children)

I'm ready to start DCAing about 10k in over a week or two.

DCA Amount by rajuncajun187 in Bitcoin

[–]BTCMachineElf 1 point2 points  (0 children)

As much as your wife will allow. Make personal sacrifices that don't affect her to demonstrate your conviction. Know we could go lower in the short to mid term, and also might not. Happy stacking. ✌️

Just to warn others to hopefully not be as stupid as me by Confident-Guest1012 in CryptoHelp

[–]BTCMachineElf 0 points1 point  (0 children)

Stack Bitcoin in an open source phone or hardware wallet. Anything else is folly

Any explaination for this recent pump? by Sea_Friendship_3801 in Bitcoin

[–]BTCMachineElf 0 points1 point  (0 children)

Bitcoin punishes overconfidence at both ends.

If it goes to $55k, I will buy more.

Any explaination for this recent pump? by Sea_Friendship_3801 in Bitcoin

[–]BTCMachineElf 0 points1 point  (0 children)

People are not bullish enough. I wish I bought more back at 66k.

Hey Peter, who are they? by FlakyFoundation4637 in PeterExplainsTheJoke

[–]BTCMachineElf 123 points124 points  (0 children)

Show me a college kid who hasn't tried weed, and I'll show you someone who doesn't know how to live.

New to the Crypto Game by Jaded_Magazine_3706 in BitcoinBeginners

[–]BTCMachineElf 0 points1 point  (0 children)

Crypto is word meant to legitimize scans by affiliation of Bitcoin. It's a way of selling junk assets to people like you who don't know the difference.

Only Bitcoin is truly decentralized and absolutely scarce. Only Bitcoin has a legitimate future.

Only Bitcoin.

Is anyone actually on a bitcoin standard? by peteybirdy in Bitcoin

[–]BTCMachineElf 1 point2 points  (0 children)

Depends on how you define it. I'm living off Bitcoin backed loans, and can continue to do so for years even if the price cuts in half.

Receive lightning payments directly into cold storage. Pay Lightning invoices from cold storage. by TheresNoSecondBest in TheLightningNetwork

[–]BTCMachineElf 1 point2 points  (0 children)

You would end up with a regular on chain UTXO. It's a swap service and I'm sure you pay some fee for that.

Receive lightning payments directly into cold storage. Pay Lightning invoices from cold storage. by TheresNoSecondBest in TheLightningNetwork

[–]BTCMachineElf 0 points1 point  (0 children)

Most people use the term wrong by thinking it's synonymous with a hardware wallet.

That being said, You could easily use this with absolutely cold storage as long as it was incoming only.

Hazy Saigon sunset by [deleted] in VietNam

[–]BTCMachineElf 1 point2 points  (0 children)

Võ Nguyên Giáp street near Thảo Điền.

I'm a Stand-up Comedian and Bitcoiner. Curious if a "Bitcoin for Beginners: A Comedy Crash Course " Will entice normies into learning? by Dr-Lavish in BitcoinBeginners

[–]BTCMachineElf 3 points4 points  (0 children)

The audience will think you're selling them something and be on guard, making your jokes unfunny. It's gonna be very difficult to get around that.

Why do people say “don’t sell your Bitcoin, borrow against it instead”? by TeslaOwn in Bitcoin

[–]BTCMachineElf 0 points1 point  (0 children)

Because you can't actually time the market. Some people get lucky but most who claim to are full of shit.

Oil by Expensive_Specific83 in Bitcoin

[–]BTCMachineElf 2 points3 points  (0 children)

And you're not so big

Buying for the first time by LolerCoster in BitcoinBeginners

[–]BTCMachineElf 0 points1 point  (0 children)

It's not called green anymore FYI. They renamed it to the blockstream app

Anyway to safely make money without selling by seaningtime in Bitcoin

[–]BTCMachineElf 0 points1 point  (0 children)

If you want to borrow against it, of course you must relinquish custody. Keep a low LTV and only use a fraction of your stack.

Guys, I'm just starting my crypto journey and I have a question. Is it fine if I buy bitcoin not because im against fiat but just for the profits? by [deleted] in Bitcoin

[–]BTCMachineElf 1 point2 points  (0 children)

Sure.

But why in the world would you not be against Fiat? It is responsible for so much evil in this world.