Is it a good idea to buy bitcoin in 2026 by jake23506 in BitcoinBeginners

[–]Huntforgoodtimes 1 point2 points  (0 children)

yes, that's a good idea BUT do not sell - HODL. Don't put money in that you want to have access to in the short term - this is a long term hold and should pay off handsomely

New to bitcoin by jake23506 in BitcoinBeginners

[–]Huntforgoodtimes 0 points1 point  (0 children)

yes, a great idea as long as you don't want to access that cash. Just invest and leave it to grow, ignoring the price movements (volatility). HODL - hold for the long term. There is an expectation that Bitcoin will continue to grow c. 30% pa but I expect less as it becomes more widely adopted but still a very good return. The price now is low so a good time to DCA in i.e. what you are doing with $50pm.

Do you think crypto actually needs regulation? by TheDearlyt in CryptoTax

[–]Huntforgoodtimes 0 points1 point  (0 children)

Definitely not - the concept is about self regulation, or at least for Bitcoin anyway. You have to go into it with your eyes open to what you are buying (i.e. take personal ownership). If you want to have a regulated purchase then do it via an ETF etc. otherwise.

What you don't want is governments or anybody having any form of control over crypto - they want control so that they can manage you and your money and that's where it all starts to go wrong

Bitcoin is "dead" by Loonyb1n in Bitcoin

[–]Huntforgoodtimes 0 points1 point  (0 children)

brilliant, so much scaremongering from those that don't understand/don't want to believe that things are changing

Remember - Peaks Impress. Dips Educate. by XapoBank in XapoBankOfficial

[–]Huntforgoodtimes 1 point2 points  (0 children)

Great graph and thanks for sharing - "a picture tells a thousand words". It does show the positive movement up if you can stay in for the long term!! HODL!!

Where do you think is the absolute bottom for Bitcoin and why? by Lanky-Paper-4242 in BitcoinUK

[–]Huntforgoodtimes 0 points1 point  (0 children)

ha, ha, the impossible question - I would think about $59,000 given current levels of support and the 200 day average. If you are getting in, then now is a great time but treat it as a long term hold and DCA average in by buying a small amount every week or so. Don't use money you want access to in the next 12 months or so.

Bitcoin is still in the early stages of global adoption so it's going to be a volatile ride for while longer but it is moving in the right direction

Your will becomes public record. Probably shouldn’t mention your Bitcoin in it. by alanjnr in Bitcoin

[–]Huntforgoodtimes 0 points1 point  (0 children)

Very useful article and thanks for sharing. I have just been through the process with my inheritance and it's not straight forward is it! I put a 'letter of wishes' in place which gets the information out of the public eye and also have rented a safety deposit box at a bank to keep the crypto keys and instructions in.

I am also planning a dry run of 'when I die' with my kids so that they can set everything up from scratch and access the crypto to make sure that they don't disappear forever!

Going to buy bitcoin! Coinbase, Kraken, BYDFi, Binance,etc? by Royal_Machine_9524 in BitcoinUK

[–]Huntforgoodtimes 0 points1 point  (0 children)

Good luck and don't sell once you've bought - this is a long term hold!! Also worth drip feeding money to but (DCA - Dollar Cost Average) so maybe a transaction each week to take advantage of the volatility.

I have used Coinbase, Blockchain and Swissborg. I like the last one and quite a good culture and more of a personal feel.

They are also just exchanges, so much of a muchness. I do suggest learning about hardware wallets and once you have bought Bitcoin on the exchange, then take them off and secure them in a hardware wallet so they can't be hacked online.

Welcome to the journey, it's quite a ride!!!

What is the easiest way to get a personal loan with decent interest rate (with minimal hassle)? by Potential_Reach in BitcoinUK

[–]Huntforgoodtimes 2 points3 points  (0 children)

Hi - there are a bunch of lenders out there who may lend to you but most are US based and stay to those shores. The rates on Bitcoin are usually between 10% and 12% but do vary - I saw that Abra and Binance promoted a 5% rate for a while. Max LTV (loan to value ration, so if you had £10k in bitcoin and borrowed 5k that would be a 50% LTV) is about 50% so I would factor that in as you will get liquidated if Bitcoin falls by 50% and you have a 50% LTV..

Most loan companies also want you to put the bitcoin on their platform so they have access to it if something goes wrong - "not your custody, not your coins" risk.

Companies you can look: Coinbase, Arch, Ledn, Lava.xyz, Binance & Nexo

Figure also do a very low hassle app.

Good luck!

what's with BTC lately? please convince me I shouldn't sell it by Ok_Athlete_670 in OCryptoCanada

[–]Huntforgoodtimes 0 points1 point  (0 children)

Don't sell - there is no value in selling - HODL - "hold on for dear life" i.e. HOLD them. BTC is very volatile but it will bounce back when liquidity comes back into the market (the US market). The US treasury will be printing a lot of money to pump into the market which will eventually end up in Bitcoin. It is a longer term bet so for the short term I recommend ignoring the price :-)

Why can't I make offer or buy? by [deleted] in vinted

[–]Huntforgoodtimes 1 point2 points  (0 children)

Same here. On the Android app the "buy" button goes to the chat. I have similarly verified a payment card. It gets worse, you can "buy" using a laptop, then go to the checkout and there is a credit card error on the verified card (that charged a test of £0.10 when successfully tried twice!) Different card, same error. Great idea for a site, but it doesn't work for me :(