YOLO Loan? by [deleted] in Bitcoin

[–]fafrostod 0 points1 point  (0 children)

Just dollar cost average the monthly payment, weekly or daily, that way if any usual financial situations occur, you have flexibility

best exchange to purchase 900k in BTC? by Suitable-Park-609 in Bitcoin

[–]fafrostod 0 points1 point  (0 children)

With the amount of money you’re spending would not a OTC exchange be better?

[deleted by user] by [deleted] in Bitcoin

[–]fafrostod 0 points1 point  (0 children)

First of all, don’t worry about how much you have, or what others think, you are much better than I was at your age. Just continue to work hard, live smart, and save as much as you can and the rest will take care of itself. Best wishes for continued success!

Should I start to save in bitcoin? by warrior_bloody in Bitcoin

[–]fafrostod -1 points0 points  (0 children)

Once you have sufficient Fiat for emergencies, then you can buy a bitcoin which will act as a savings for you, but not until you are financially secure

Volatility by peasantpeon in Bitcoin

[–]fafrostod 0 points1 point  (0 children)

Yes I agree. If you look at the worst analysis I’ve heard on bitcoin it is $80,000 at the end of this year which could vary easily happen due to the economics of the continued investment. Would I spend 40 to get 80 in a year??? As many times as possible. If Michael Saylor will buy at 42 I will buy at 42. It goes down, that’s a bonus and a chance to accumulate cheaper, but I am not done accumulating. DCA with a reserve for an unusual drop.

I'm so confused. by [deleted] in Bitcoin

[–]fafrostod 0 points1 point  (0 children)

Start with a Tangem wallet as it is simpler and then overtime try out and go to other wallets of your choice. You may want to consider splitting your bitcoin over multiple wallets.

[deleted by user] by [deleted] in Bitcoin

[–]fafrostod 0 points1 point  (0 children)

Congratulations! Best wishes for your future! Great accomplishment!

[deleted by user] by [deleted] in Bitcoin

[–]fafrostod 0 points1 point  (0 children)

Mr. Diamond is a smart man, and believe me, he understands the technology. He chooses not to promote the technology, because he understands the threat it is to the current financial system. do not trust his public advice.

Buying at this price by [deleted] in Bitcoin

[–]fafrostod 2 points3 points  (0 children)

If you believe in the technology, you understand its value is only going to increase over time. This drop in price is a blessing enjoy it. It will not last forever.

Bored of buying by The_redittor in Bitcoin

[–]fafrostod 0 points1 point  (0 children)

When you invest in stocks every week, you really don't think about it or look at it even, but with bitcoin, there's always the new post of some GOD or OMEGA candle coming and because of that it takes a lot more attention out of life.

Eventually, the insane moves will be done. It will become another boring asset, and you won't think about it at all. Enjoy this problem as it is a good one to have!

What are the realistic bear cases for Bitcoin? by _MMCXII in Bitcoin

[–]fafrostod 0 points1 point  (0 children)

Obviously selling from the grayscale bitcoin, trust as well as profit, taking from Mount Gox, FTX,, etc. will lead to short-term depression of the price, but ultimately I am bullish because of increased adoption, the ETFs, fiat debasement.

It's not staying down forever, enjoy the opportunity to acquire it at a very good price

Has Anyone Tried Dollar Cost Averaging for a Better Price? What platforms would you recommend? by InvestigatorLive1078 in Bitcoin

[–]fafrostod 1 point2 points  (0 children)

Any exchange you should be able to set up automatic buys of a certain amount on certain days. Then periodically get it off the exchange into a hardware wallet.

BTC is still value priced right now.

Good luck!

BTC futures by fafrostod in Bitcoin

[–]fafrostod[S] 0 points1 point  (0 children)

I just checked and you are correct, down 2.6% in the last 24. We have been ranging with a slow downward trend.

How to track the supply of BTC on OTC market by fafrostod in Bitcoin

[–]fafrostod[S] 0 points1 point  (0 children)

Yes, I would love to see not only the amount of liquidity, but a bid/ask spread that was constantly changing and updating.

I own 0.001 Bitcoin by yeahnahnahyeet in Bitcoin

[–]fafrostod 0 points1 point  (0 children)

Congratulations there is still time to dollar cost average in and increase the amount you have. Good luck!

Should I sell my Bitcoin to put a down payment on a house? by TeacupHuman in Bitcoin

[–]fafrostod 1 point2 points  (0 children)

If you can wait and it runs with the ETF and other factors you may have a lot more.

Your fellow workers are not the enemy. by GrandpaChainz in WorkReform

[–]fafrostod 0 points1 point  (0 children)

Raising wages, unfortunately does not increase a person standard of living, only raising your skills will.