And fwiw, we're going higher.

Much higher.

I expect a couple of pullbacks along the way, but we're about to melt some faces.

Get off zero or get left behind.

You're welcome.

I've asked before but I don't remember the answer. How can I buy bitcoin without "mining" for bitcoin? I don't have $100,000 in spare money lying around but I'd like to put some money into it.

Where do you procure your bitcoin?

I bought some a couple of months ago, but just play money.
I still remember a convo with my son in 2016 when he was talking about buying some with his money from PT job. I told him was a waste that crap was. it was around $300. I'm still crying.

(12-05-2024, 09:54 AM)Replying to DawgWood I bought some a couple of months ago, but just play money.
I still remember a convo with my son in 2016 when he was talking about buying some with his money from PT job.  I told him was a waste that crap was.  it was around $300.  I'm still crying.

I remember seeing it at $8 years ago and thinking it was a total scam.  There is a reason I'm not rich.

I saw a clip about a guy who bought 2 Papa Johns Pizzas for 10,000 Bitcoin back in 2010. Today, that Bitcoin is worth $1.035 Billion.

I use Coinbase. You buy fractions of bitcoin. so you can put in as much or little $$ as you want.
not like stock where you have to buy it whole.
BTW... i'm no expert in the least. I've got less than $3k of the stuff. Just something to play with.

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(12-05-2024, 10:01 AM)Replying to dncdawg I saw a clip about a guy who bought 2 Papa Johns Pizzas for 10,000 Bitcoin back in 2010.  Today, that Bitcoin is worth $1.035 Billion.

there was also a story of one of the early founders.  he sold a bunch of bitcoin to buy a Honda Accord.  Had he kept it for a few more years... he could have bought Honda.  lol

(12-05-2024, 09:50 AM)Replying to JC-DAWG83 I've asked before but I don't remember the answer.  How can I buy bitcoin without "mining" for bitcoin?  I don't have $100,000 in spare money lying around but I'd like to put some money into it.

You don't have to buy a whole Bitcoin. You can buy $10 worth of Bitcoin of you want. 

One whole Bitcoin is divisible by 100 million units called Satoshis (or "Sats"). 

Currently, you can buy about a thousand sats for a dollar. 

Most people these days (that I know) dip their toe in the water by buying a few hundred dollars or a few thousand dollars worth of Bitcoin. And then they start studying Bitcoin and finding out what makes it revolutionary (and it's not just "Number Go Up"). It's the hardest money ever created. And so they buy more. And more. And more.

I started with a $500 purchase. Just for fun. But the more I learned, the more I bought. I started to DCA (dollar cost average), buying the same amount per week at the same day/time. Then I started aping in on the dips until I reached my stacking goal for the last cycle. 

Start with something you're comfortable with and hold it. Bitcoin's volatility is a feature, not a bug. It will go through the roof. It will crash through the floor. But it will do so PREDICTABLY (within reason) on a 4 year cycle. 

No one who has ever bought and held for 4 years has lost money. Ever.

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(12-05-2024, 09:51 AM)Replying to McDonoughDawg Where do you procure your bitcoin?

Many places to buy Bitcoin these days.

Coinbase is probably the most popular. 

Strike is a great option.

The Cash App.

Robinhood. 

Hell, I think you can buy it on Paypal. 

Eventually (if you go down the rabbit hole) you're going to want to self-custody. Buy a hardware "wallet" and move if from the exchange where you bought it (i.e. Coinbase, etc.) into your own storage. But for a small amount, it's not that big of a deal to leave it there.

(12-05-2024, 10:09 AM)Replying to Dawgsroll

(12-05-2024, 09:50 AM)Replying to JC-DAWG83 I've asked before but I don't remember the answer.  How can I buy bitcoin without "mining" for bitcoin?  I don't have $100,000 in spare money lying around but I'd like to put some money into it.

You don't have to buy a whole Bitcoin. You can buy $10 worth of Bitcoin of you want. 

One whole Bitcoin is divisible by 100 million units called Satoshis (or "Sats"). 

Currently, you can buy about a thousand sats for a dollar. 

Most people these days (that I know) dip their toe in the water by buying a few hundred dollars or a few thousand dollars worth of Bitcoin. And then they start studying Bitcoin and finding out what makes it revolutionary (and it's not just "Number Go Up"). It's the hardest money ever created. And so they buy more. And more. And more.

I started with a $500 purchase. Just for fun. But the more I learned, the more I bought. I started to DCA (dollar cost average), buying the same amount per week at the same day/time. Then I started aping in on the dips until I reached my stacking goal for the last cycle. 

Start with something you're comfortable with and hold it. Bitcoin's volatility is a feature, not a bug. It will go through the roof. It will crash through the floor. But it will do so PREDICTABLY (within reason) on a 4 year cycle. 

No one who has ever bought and held for 4 years has lost money. Ever.

Thanks.  Where is the best place to go to buy Sats?  Can a regular stock broker handle the transaction or do they not like to mess with bitcoin?  I'm a buy and hold guy and my timeline is about 5 years before I need to get any money back from anything.

(12-05-2024, 10:01 AM)Replying to dncdawg I saw a clip about a guy who bought 2 Papa Johns Pizzas for 10,000 Bitcoin back in 2010.  Today, that Bitcoin is worth $1.035 Billion.

That was a guy named Lazlo Hanyecz and that day is celebrated in the Bitcoin community every May 22nd. It's known as Bitcoin Pizza Day.

It's the day that Bitcoin became money. 

While it's a tremendous sacrifice on his part (knowing what we know now), it's one of the most important events in Bitcoin's history. The day that Bitcoin left the internet and entered the real world.

Good info, thanks Roll

(12-05-2024, 10:13 AM)Replying to JC-DAWG83

(12-05-2024, 10:09 AM)Replying to Dawgsroll

(12-05-2024, 09:50 AM)Replying to JC-DAWG83 I've asked before but I don't remember the answer.  How can I buy bitcoin without "mining" for bitcoin?  I don't have $100,000 in spare money lying around but I'd like to put some money into it.

You don't have to buy a whole Bitcoin. You can buy $10 worth of Bitcoin of you want. 

One whole Bitcoin is divisible by 100 million units called Satoshis (or "Sats"). 

Currently, you can buy about a thousand sats for a dollar. 

Most people these days (that I know) dip their toe in the water by buying a few hundred dollars or a few thousand dollars worth of Bitcoin. And then they start studying Bitcoin and finding out what makes it revolutionary (and it's not just "Number Go Up"). It's the hardest money ever created. And so they buy more. And more. And more.

I started with a $500 purchase. Just for fun. But the more I learned, the more I bought. I started to DCA (dollar cost average), buying the same amount per week at the same day/time. Then I started aping in on the dips until I reached my stacking goal for the last cycle. 

Start with something you're comfortable with and hold it. Bitcoin's volatility is a feature, not a bug. It will go through the roof. It will crash through the floor. But it will do so PREDICTABLY (within reason) on a 4 year cycle. 

No one who has ever bought and held for 4 years has lost money. Ever.

Thanks.  Where is the best place to go to buy Sats?  Can a regular stock broker handle the transaction or do they not like to mess with bitcoin?  I'm a buy and hold guy and my timeline is about 5 years before I need to get any money back from anything.

Depends on your broker and what firm he's with. The Bitcoin ETF's went live earlier this year and that's probably the easiest option if you're going through a broker. Just have him buy shares of Blackrock's Bitcoin ETF. 

But it's also super-simple to set up your own account on Coinbase and purchase it yourself. Coinbase is a public company and they handle custody for Blackrock, Fidelity, etc. and all of the other Bitcoin ETF's. 

If you're just gonna dip your toe in (a few hundred or a few thousand bucks) I'd set up my own account. It's KYC (Know Your Customer) so you'll have to supply ID, etc. All the things you have to do to set up any trading account for anything. Coinbase keeps track of your gains/losses for tax purposes (no need to worry about that until/if you sell, which I wouldn't recommend doing for a while yet). 

But most brokers are just now learning about Bitcoin. They're WAY behind, and many firms are not even allowed to buy the ETF's yet (despite the Bitcoin ETF's being the most successful ETF launches in history). Might be easier to just buy it yourself.

just start out with Coinbase. keep it simple. my $.02

(12-05-2024, 09:54 AM)Replying to DawgWood I bought some a couple of months ago, but just play money.
I still remember a convo with my son in 2016 when he was talking about buying some with his money from PT job.  I told him was a waste that crap was.  it was around $300.  I'm still crying.

Everyone buys at the price that they are able to admit to themselves they were wrong about Bitcoin (including me). 

Everyone wishes they would have bought earlier (including me). 

The people who ape into Bitcoin in 2029 will look at the people who bought in 2025 and call them "lucky", just as every new "class" of Bitcoiners does.

Buy it, wait 4 years, and you'll be "lucky" too (after 3 years of being called an idiot, naturally).

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(12-05-2024, 09:49 AM)Replying to Dawgsroll And fwiw, we're going higher.

Much higher.

I expect a couple of pullbacks along the way, but we're about to melt some faces.

Get off zero or get left behind.

You're welcome.

One more note to those looking into buying Bitcoin, especially if you're going to buy on Coinbase or any other "cryptocurrency" exchange.

There is only ONE Bitcoin.

Everything else in "crypto" is not Bitcoin. It is a Shitcoin.

Do not buy Shitcoins. 

"But this one has a dog on it!".

No.

"But this one says it's faster than Bitcoin!"

No.

"But this one might be the NEXT Bitcoin!"

No.

"Crypto" is FULL of scams, rug-pulls, and outright stupidity.

Bitcoin is NOT "crypto" (although technically the original cryptocurrency, the term "crypto" has long since evolved to include thousands of shady projects and scams that try to attach themselves to Bitcoin for legitimacy purposes).

There is no NEXT. 

There is only Bitcoin.

Sure, that coin with an ape or a frog on it might go up 1000% next week.....but it's extremely unlikely. And if/when it ever does, it will immediately go to zero as the founders sell it all and leave you holding the bag. That is 99% of "cryptocurrency".

Bitcoin is different. It has no "founder". There is no company or foundation or marketing department behind it. It is COMPLETELY decentralized. It CANNOT be manipulated by bad actors or banned by governments. 

Bitcoin.

Bitcoin only.

ONLY Bitcoin.

Not "wrapped" Bitcoin.

Not Bitcoin Cash.

Bitcoin (the symbol is "BTC").

Coinbase (and many other exchanges) also sell Shitcoins. And they shill them relentlessly. That's fine...as long as you're smart enough not to be the sucker.

(12-05-2024, 09:51 AM)Replying to McDonoughDawg Where do you procure your bitcoin?

Coinbase:  Link

Or, you can buy an ETF that holds it in any brokerage.  IBIT, HODL, BITB.

But, if you want the real thing, just buy it through Coinbase above.
https://coinbase.com/join/JYGNDEX?src=referral-link
https://coinbase.com/join/JYGNDEX?src=referral-link https://coinbase.com/join/JYGNDEX?src=referral-link
https://coinbase.com/join/JYGNDEX?src=referral-link

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https://coinbase.com/join/JYGNDEX?src=referral-linkJC-DAWG83I've asked before but I don't remember the answer.  How can I buy bitcoin without "mining" for bitcoin?  I don't have $100,000 in spare money lying around but I'd like to put some money into it.


Coinbase:  Link
Or, you can buy an ETF that holds it in any brokerage.  IBIT, HODL, BITB.
But, if you want the real thing, just buy it through Coinbase above.