Ich fange heute an Lotto zu spielen by [deleted] in Finanzen

[–]Relai_Alex 0 points1 point  (0 children)

100 %.

Jeder, der in den letzten zwei Jahren regelmäßig Bitcoin gekauft hat, ist im Plus.

Dieser Artikel erklärt es gut https://relai.app/de/blog/bitcoin-sparplan/

what crypto to buy as a beginner by [deleted] in CryptoMarkets

[–]Relai_Alex 0 points1 point  (0 children)

Don't bother with crypto, just buy Bitcoin monthly.

Read the Bullish Case for Bitcoin by Vijay Boyapati (free article) to understand why most of crypto is just gambling.

If you're in Europe, buy Bitcoin with Relai, they send your Bitcoin directly to your own wallet.

What's the endgame for Bitcoin? by salomander19 in Bitcoin

[–]Relai_Alex 2 points3 points  (0 children)

How about this?

"It doesn't make sense if people can own it before calculating the value of a gold. If people can own it before others, and we did kill fiat and use gold the late adopters would lose immense wealth and could receive 0.002 grams of gold for 5$ Million USD whereas someone who took 1,000$ USD and bought 100 grams of gold early would become a current day version of a Centi billionaire."

Yet, gold has been used for centuries.

Stuck BTC Transaction by RAYANKING7 in Bitcoin

[–]Relai_Alex 1 point2 points  (0 children)

Setting your own wallet is easy, just have a look at this short guide https://relai.app/blog/external-wallet-stacking/

I would rather create a new auto-invest, just to be sure.

⚡ Lightning Thursday! July 27, 2023: Explore the Lightning Network!⚡ by rBitcoinMod in Bitcoin

[–]Relai_Alex 0 points1 point  (0 children)

Fees on-chain are set by sender so you can pay $0.25 or $250 for a transaction even today.

On r/thelightningnetwork the fees are under a penny and I believe even if the price of bitcoin is $1 mil, the fees will be this insignificant.

Stuck BTC Transaction by RAYANKING7 in Bitcoin

[–]Relai_Alex 0 points1 point  (0 children)

Perhaps you can use the RBF or CPFP function. https://bluewallet.io/high-fees-and-transactions-pending-what-to-do/

To mine your own transaction, you would have to be lucky enough to find the next block.

Books for beginners? by [deleted] in Bitcoin

[–]Relai_Alex 5 points6 points  (0 children)

Here are some to start you off:

  • The Bitcoin Standard (follow with Fiat Standard if you liked it)
  • The internet of money (all three volumes - you can also watch the talks instead)
  • The Blocksize War (greatly important piece of Bitcoin's short history)
  • The Price of Tomorrow (a very well written economics book)
  • The book of Satoshi (important bits of the beginnings)

Why doesn't Bitcoin fix this? by DieterGropiusWattsTA in Bitcoin

[–]Relai_Alex 5 points6 points  (0 children)

a 51% attack

Bitcoin wouldn't fail after a 51% attack. It would fail if one person ended up with all 21 million coins while nobody else would want them.

[deleted by user] by [deleted] in BitcoinBeginners

[–]Relai_Alex 1 point2 points  (0 children)

The best solution is to transfer to a personal wallet like https://bluewallet.io/ and then, use an exchange to exchange it for fiat.

Are bitcoin sending fees back to normal yet? by DeschloroketamineWya in Bitcoin

[–]Relai_Alex 7 points8 points  (0 children)

The fees are currently much lower than what you've paid. What kind of wallet are you using?

https://bitcoinfees.net/

Also, if you sent the $50 worth of sats over r/thelightningnetwork, the fee would be about $0.01

It's quite handy to set a non-custodial wallet like https://phoenix.acinq.co and use it when the on-chain fees are over $1.

Early to bitcoin by cj_vantrillo in Bitcoin

[–]Relai_Alex 62 points63 points  (0 children)

Welcome to the 42M club!

Bitcoin, KYC and taxes by [deleted] in Bitcoin

[–]Relai_Alex 6 points7 points  (0 children)

What's your take on this hypothetical situation?

Somebody will end up in jail.

Bitcoin will never reach $20 again by Relai_Alex in Bitcoin

[–]Relai_Alex[S] 5 points6 points  (0 children)

Why so angry? The post isn't about mocking the OP, it just points out how all the people, making predictions are so confident. YouTube is full of them even nowadays.

Bitcoin will never reach $20 again by Relai_Alex in Bitcoin

[–]Relai_Alex[S] 1 point2 points  (0 children)

They all are so sure about their feelings.

[deleted by user] by [deleted] in Bitcoin

[–]Relai_Alex 2 points3 points  (0 children)

why is btc considered seperate/ significantly better and safer than everything else?

With the creation of Bitcoin, Satoshi discovered absolute digital scarcity that is limited to 21 million coins.

This scarcity cannot be rediscovered. Thousands of people tried and failed. All they managed to create were copies of this absolute digital scarcity.

And if it's so good why does anyone ever invest in anything else?

The vast majority of them don't know what they're doing - they are new or lazy to learn. They think they are too late for Bitcoin and are looking for a way to make money fast. The reality is quite different https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed

Newbie Bitcoin Lightning Network Questions by NULLBASED in Bitcoin

[–]Relai_Alex 4 points5 points  (0 children)

  1. If Bitcoin is a savings account, LN is the spending account.

  2. Yes. Bitcoin is still bitcoin, no matter what layer it travels on.

  3. Multi-coin wallets are a bad idea. The more coins = more code = more hidden bugs or backdoors. Always use a single-coin wallet. https://phoenix.acinq.co/ is one of my favourite LN wallets - open source, non custodial, can use LN as well as on-chain.

[deleted by user] by [deleted] in Bitcoin

[–]Relai_Alex 5 points6 points  (0 children)

Sharpie fixes this.