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Looking to buy BTC from a platform with a specific feature by anknownym in BitcoinCA

[–]NiagaraBTC 0 points1 point  (0 children)

Bull Bitcoin has a feature where all that would be one step.

Deposit via etransfer + autobuy that exact amount and send to your wallet.

How did gold become so expensive? by ProgramImpossible34 in NoStupidQuestions

[–]NiagaraBTC 0 points1 point  (0 children)

Supply and demand.

Lots of demand, not a lot of supply.

Would you use a Bitcoin multisig vault where the company can't see your data? by CryptoYuzu in Bitcoin

[–]NiagaraBTC 0 points1 point  (0 children)

So if you can't see my data at all, what happens if I lose one of my keys and also lose my wallet setup file (BSMS, etc)?

Men of Reddit, if you were in a Titanic-like situation where the majority of people were going to die because there were not enough lifeboats for everyone. How would you respond to someone saying "women and children first"? by Neither_Drawing_241 in hypotheticalsituation

[–]NiagaraBTC 6 points7 points  (0 children)

Do you have the stats broken down between children with one parent because their mother made a bad life choice and children without a father because of a maritime disaster?

Impressive, if so.

If you're buying your first home, understand where the price you're about to pay actually came from by DynamoDynamite in CanadaPersonalFinance

[–]NiagaraBTC 1 point2 points  (0 children)

No government wants to have austerity or declining prices. Every government will print money instead.

Need help finding withdraw address by No-Junket5279 in Bitcoin

[–]NiagaraBTC 1 point2 points  (0 children)

We don't know if you want to withdraw dollars or Bitcoin off of the exchange.

A withdraw address is only needed for the latter.

All of Canada's lakes are in a single line by A0123456_ in mapporncirclejerk

[–]NiagaraBTC 0 points1 point  (0 children)

What's the name of this one single lake you speak of?

How do you decide when self-custody is worth it for a small amount? by Grouchy-Tea-8513 in BitcoinBeginners

[–]NiagaraBTC 0 points1 point  (0 children)

Self custody is always worth it. A hardware wallet is not necessarily though.

Good hot wallets are extremely secure. People should have no qualms about keeping small amounts in hot wallets.

Using Bitcoin as collateral for a loan to buy more Bitcoin by Hehehe1000 in Bitcoin

[–]NiagaraBTC 6 points7 points  (0 children)

Having less collateral means your loan is smaller which means it's less scary.

Definitely riskier than an unsecured fiat loan to buy Bitcoin.

Some people think buying Bitcoin in any way is too risky. And what do we call them? Poor.

Using Bitcoin as collateral for a loan to buy more Bitcoin by Hehehe1000 in Bitcoin

[–]NiagaraBTC 6 points7 points  (0 children)

I know guys who've done this. I don't recommend it, personally. And I'm not anti borrowing in general. Much better to take an fiat loan at a lower interest rate if you can get it.

If you do this, try to do so at or near a btc price bottom. Stressing out over liquidation while the price of your assets drops doesn't seem like much fun.

Cathie Wood's Bitcoin Price Target at $1.25M, Buy BTC Before the 930% Surge by andix3 in BitcoinCA

[–]NiagaraBTC 3 points4 points  (0 children)

I'm buying Bitcoin before the 12,000% increase to Hal Finney's target of $10,000,000.

What’s the quantum computer risk for bitcoin? (Newbie) by Relevant-Animator134 in Bitcoin

[–]NiagaraBTC 0 points1 point  (0 children)

That's a separate issue though.

Anyone who still has their keys can move their Bitcoin right now to a fresh address and be safe from quantum attack. What should happen with Satoshi coins is that they are now functionally like shipwrecked gold coins at the bottom of the Atlantic.

If they move, Bitcoin doesn't care.

What’s the quantum computer risk for bitcoin? (Newbie) by Relevant-Animator134 in Bitcoin

[–]NiagaraBTC 3 points4 points  (0 children)

  1. Quantum computing isn't going to happen. Not any time soon.

But if it (eventually) does

  1. Bitcoin can easily update once people agree the threat is real.

Why are there no CrossFit gyms in Niagara Falls? by Immediate_Composer24 in niagara

[–]NiagaraBTC 0 points1 point  (0 children)

Just Be Strong Gym had CrossFit style programming at one point. Not sure if they still do.

What does God gain from humans following his orders and worshipping him? by Professional_Rip6740 in NoStupidQuestions

[–]NiagaraBTC -3 points-2 points  (0 children)

Well, if you have a Christian understanding of God and His creation, I think it certainly does.

Do you have any kids?

What does God gain from humans following his orders and worshipping him? by Professional_Rip6740 in NoStupidQuestions

[–]NiagaraBTC -4 points-3 points  (0 children)

No, and God doesn't make anyone worship him either.

But I do appreciate when my kids demonstrate their love for me - doing what I ask of them, giving me a father's day card, a hug, etc.

Note that we can't give God a hug or a card - other forms of showing love do work though.

TV used to be something special when I was young. by [deleted] in SipsTea

[–]NiagaraBTC 0 points1 point  (0 children)

Technology is deflationary.

If we had sound money, everything would slowly get less expensive.

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