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They were on trust wallet not Binance … they used Binance as a way to distract… I admit wasn’t my smartest move but that’s what happens
When ur tired.. mistakes happen | r/bitcoin | They were on trust wallet not Binance … they used Binance as a way to distract… I admit wasn’t my smartest move but that’s what happens
When ur tired.. mistakes happen | r/Bitcoin | 2024-21-05 |
> And bookmark all websites in youre Browser. Only click on bookmarks! | r/bitcoin | > And bookmark all websites in youre Browser. Only click on bookmarks! | r/Bitcoin | 2024-21-05 |
100% people should be aware that it's easy for a scammer to pay for a Google ad so their result shows at the top of Google searches. That area at the tip of the page is all ads, most people don't realize it. It looks like legit results but it's all sponsored.
You can hide all sorts of links in there, extremely easy way to get someone to click on something malicious | r/bitcoin | 100% people should be aware that it's easy for a scammer to pay for a Google ad so their result shows at the top of Google searches. That area at the tip of the page is all ads, most people don't realize it. It looks like legit results but it's all sponsored.
You can hide all sorts of links in there, extremely easy way to get someone to click on something malicious | r/Bitcoin | 2024-21-05 |
Hahahahahahahahahahahaha | r/bitcoin | Hahahahahahahahahahahaha | r/Bitcoin | 2024-21-05 |
Highly recommend as well. The scammer even gives the advice of not keeping your BTC on an exchange, use hardware wallet and share the words with no one! | r/bitcoin | Highly recommend as well. The scammer even gives the advice of not keeping your BTC on an exchange, use hardware wallet and share the words with no one! | r/Bitcoin | 2024-21-05 |
The vault at coinbase really fixes this. Great tool. Mine requires two people to approve. | r/bitcoin | The vault at coinbase really fixes this. Great tool. Mine requires two people to approve. | r/Bitcoin | 2024-21-05 |
Dude. Why would you keep your life saving on an exchange and not a self custody wallet. | r/bitcoin | Dude. Why would you keep your life saving on an exchange and not a self custody wallet. | r/Bitcoin | 2024-21-05 |
Even here on Reddit scammers try to private chat you. I just ignore and delete ALL chat requests. | r/bitcoin | Even here on Reddit scammers try to private chat you. I just ignore and delete ALL chat requests. | r/Bitcoin | 2024-21-05 |
I bought my first handgun 8 years ago. I had no license, never took a single class, nothing. It took 15 minutes and cost $0 in fees. Bought it from an Academy store. I then went to Walmart and bought tons of bullets without having to show any IDs (no longer possible to buy them at Walmart). | r/bitcoin | I bought my first handgun 8 years ago. I had no license, never took a single class, nothing. It took 15 minutes and cost $0 in fees. Bought it from an Academy store. I then went to Walmart and bought tons of bullets without having to show any IDs (no longer possible to buy them at Walmart). | r/Bitcoin | 2024-21-05 |
👍🏾🙌🏾 | r/bitcoin | 👍🏾🙌🏾 | r/Bitcoin | 2024-21-05 |
Jesus, sorry this happened to you bro...
How much did you lose if you dont mind me asking? | r/bitcoin | Jesus, sorry this happened to you bro...
How much did you lose if you dont mind me asking? | r/Bitcoin | 2024-21-05 |
Doing something fast. THAT is the key to a scam/fraud. Getting you to do it fast before you think about it. | r/bitcoin | Doing something fast. THAT is the key to a scam/fraud. Getting you to do it fast before you think about it. | r/Bitcoin | 2024-21-05 |
EXACTLY 👍🏾👍🏾👍🏾🙌🏾 | r/bitcoin | EXACTLY 👍🏾👍🏾👍🏾🙌🏾 | r/Bitcoin | 2024-21-05 |
Maybe I'm missing the point, but you all seem to be agreeing that it's harder to get a gun than it is to get an SSL cert. | r/bitcoin | Maybe I'm missing the point, but you all seem to be agreeing that it's harder to get a gun than it is to get an SSL cert. | r/Bitcoin | 2024-21-05 |
print out the complete bitcoin address you transfered your coins to, and report it to the police. If the scammers ever get caught, you want the police to be able to figure out which coins were yours. | r/bitcoin | print out the complete bitcoin address you transfered your coins to, and report it to the police. If the scammers ever get caught, you want the police to be able to figure out which coins were yours. | r/Bitcoin | 2024-21-05 |
More people need to hear this. This is a real kid somewhere in CA and there are many more like him out there who are willing to steal no matter the consequences. | r/bitcoin | More people need to hear this. This is a real kid somewhere in CA and there are many more like him out there who are willing to steal no matter the consequences. | r/Bitcoin | 2024-21-05 |
Yes upvote this part about MX Tool Box. Super amazing tool | r/bitcoin | Yes upvote this part about MX Tool Box. Super amazing tool | r/Bitcoin | 2024-21-05 |
"Fun" fact I once fell into the trap of a scam phone call bc they had literally woken me up in the middle of my sleep and i was just so genrally tired and sleep deprived... I know how to recognize a scam yet my brain was completly shut off in that moment. Good thing I didn't have more in my account.
My point is, do not judge, or the universe will be tempted to show you how easily you can fall into a trap yourself. It's not just a matter of intelligence | r/bitcoin | "Fun" fact I once fell into the trap of a scam phone call bc they had literally woken me up in the middle of my sleep and i was just so genrally tired and sleep deprived... I know how to recognize a scam yet my brain was completly shut off in that moment. Good thing I didn't have more in my account.
My point is, do not judge, or the universe will be tempted to show you how easily you can fall into a trap yourself. It's not just a matter of intelligence | r/Bitcoin | 2024-21-05 |
Some one tried scamming me too. Be careful out there folks | r/bitcoin | Some one tried scamming me too. Be careful out there folks | r/Bitcoin | 2024-21-05 |
Not your keys, not your cheese | r/bitcoin | Not your keys, not your cheese | r/Bitcoin | 2024-21-05 |
Yep. Basically the readily available software asks “what number is this message to come from?”, and your phone groups the message into the already existing chat.
Exactly the same as when the message comes from a real employee of the bank, also using similar software. | r/bitcoin | Yep. Basically the readily available software asks “what number is this message to come from?”, and your phone groups the message into the already existing chat.
Exactly the same as when the message comes from a real employee of the bank, also using similar software. | r/Bitcoin | 2024-21-05 |
Lol this is 101 shit bruh | r/bitcoin | Lol this is 101 shit bruh | r/Bitcoin | 2024-21-05 |
How are the they mssaging thru binances number? | r/bitcoin | How are the they mssaging thru binances number? | r/Bitcoin | 2024-22-05 |
Sorry to hear they got you. The text messages do sound like a scam as there’s always typos in those situations. Keep an eye out for that. I mean: call us “on”?? It should be “at”. Also no one will write to follow these instructions “now.” Or visit your Binance account “now”. There’s always a sense of urgency from scammers. Lastly, the date format is odd as it should be “Sun May 19” and not “Sun 19 May” and not to mention the lack of punctuation before the reference number. | r/bitcoin | Sorry to hear they got you. The text messages do sound like a scam as there’s always typos in those situations. Keep an eye out for that. I mean: call us “on”?? It should be “at”. Also no one will write to follow these instructions “now.” Or visit your Binance account “now”. There’s always a sense of urgency from scammers. Lastly, the date format is odd as it should be “Sun May 19” and not “Sun 19 May” and not to mention the lack of punctuation before the reference number. | r/Bitcoin | 2024-22-05 |
Fair enough | r/bitcoin | Fair enough | r/Bitcoin | 2024-22-05 |
I get them from time to time. I instantly go to the site and check my wallet for alerts. Coinbase emails indont even know when their real or not | r/bitcoin | I get them from time to time. I instantly go to the site and check my wallet for alerts. Coinbase emails indont even know when their real or not | r/Bitcoin | 2024-22-05 |
Jesus, they will never text it’ll always be an email | r/bitcoin | Jesus, they will never text it’ll always be an email | r/Bitcoin | 2024-22-05 |
This is the part I don’t get. So the scam text came from the real number? Or were all the texts fake? | r/bitcoin | This is the part I don’t get. So the scam text came from the real number? Or were all the texts fake? | r/Bitcoin | 2024-22-05 |
Junseth recorded a similar scammer. They fake being legitimate and can be pretty sophisticated/coordinated. Sorry for your loss :( | r/bitcoin | Junseth recorded a similar scammer. They fake being legitimate and can be pretty sophisticated/coordinated. Sorry for your loss :( | r/Bitcoin | 2024-22-05 |
Trust wallet is not at all trustworthy. It is a scammers heaven. Complaining to trust wallet is not helping, they just blame clients who use trust wallet. | r/bitcoin | Trust wallet is not at all trustworthy. It is a scammers heaven. Complaining to trust wallet is not helping, they just blame clients who use trust wallet. | r/Bitcoin | 2024-22-05 |
What exactly did you do? Just willy nilly sent your bitcoin to a random address? Why wouldn't you login to your binance account and check it from there? None of this makes any sense. | r/bitcoin | What exactly did you do? Just willy nilly sent your bitcoin to a random address? Why wouldn't you login to your binance account and check it from there? None of this makes any sense. | r/Bitcoin | 2024-22-05 |
What about imessage being encrypted. Or having the ability to also further encrypt specific chats | r/bitcoin | What about imessage being encrypted. Or having the ability to also further encrypt specific chats | r/Bitcoin | 2024-22-05 |
WHAT?? YOU MEAN WE'VE BEEN LIED TO? | r/bitcoin | WHAT?? YOU MEAN WE'VE BEEN LIED TO? | r/Bitcoin | 2024-22-05 |
Using 2fa, and using sms for any security purposes are both valid concerns.
Using any form of 2fa means your security is flawed. Only cert based auth such as webauth, client side certs, and similar cryptographic logins are secure, password plus 2fa is not, period. Often times the 2fa makes the password weaker.
And among the minefield of failed 2fa concepts, sms is the queen worst and most trivial to hack. | r/bitcoin | Using 2fa, and using sms for any security purposes are both valid concerns.
Using any form of 2fa means your security is flawed. Only cert based auth such as webauth, client side certs, and similar cryptographic logins are secure, password plus 2fa is not, period. Often times the 2fa makes the password weaker.
And among the minefield of failed 2fa concepts, sms is the queen worst and most trivial to hack. | r/Bitcoin | 2024-22-05 |
The from number of an sms is easy to fake. SMS is not a secure system, it's not designed to be, and it's not meant to be used in any way to secure any thing.
All the fools out in the world using sms for security are idiots. And the exchanges offering it are unethical. | r/bitcoin | The from number of an sms is easy to fake. SMS is not a secure system, it's not designed to be, and it's not meant to be used in any way to secure any thing.
All the fools out in the world using sms for security are idiots. And the exchanges offering it are unethical. | r/Bitcoin | 2024-22-05 |
2fa is not essential; password + 2fa should be avoided. It's a failed concept period.
Beyond that, keeping coins on exchange is also a bad idea. | r/bitcoin | 2fa is not essential; password + 2fa should be avoided. It's a failed concept period.
Beyond that, keeping coins on exchange is also a bad idea. | r/Bitcoin | 2024-22-05 |
Damn, that was stupid. | r/bitcoin | Damn, that was stupid. | r/Bitcoin | 2024-22-05 |
It seems this kind of scam is getting popular recently, I heard other people reporting get scammed by sms from a police number | r/bitcoin | It seems this kind of scam is getting popular recently, I heard other people reporting get scammed by sms from a police number | r/Bitcoin | 2024-22-05 |
Very sorry this happened to you. That said, the question must be asked. Why was your life savings sitting in Binance? Why? You do realize if you don’t hold your private keys, everything you “have” is merely an IOU? Next step is spend 100 hours studying cyber/operational security. Then start stacking again. | r/bitcoin | Very sorry this happened to you. That said, the question must be asked. Why was your life savings sitting in Binance? Why? You do realize if you don’t hold your private keys, everything you “have” is merely an IOU? Next step is spend 100 hours studying cyber/operational security. Then start stacking again. | r/Bitcoin | 2024-22-05 |
That’s terrible! Sorry for you loss, keep ya head up | r/bitcoin | That’s terrible! Sorry for you loss, keep ya head up | r/Bitcoin | 2024-22-05 |
Not clicking that link... yikes | r/bitcoin | Not clicking that link... yikes | r/Bitcoin | 2024-22-05 |
Truly sorry for your loss…scammers are the lowest of the low and I hope they all suffer a painful death. | r/bitcoin | Truly sorry for your loss…scammers are the lowest of the low and I hope they all suffer a painful death. | r/Bitcoin | 2024-22-05 |
Binance has not only the ability to have an authenticator for 2FA but also whitelisting of Addresses. If enabled it will vastly remove scamming. | r/bitcoin | Binance has not only the ability to have an authenticator for 2FA but also whitelisting of Addresses. If enabled it will vastly remove scamming. | r/Bitcoin | 2024-22-05 |
I get these texts a lot. Just block them | r/bitcoin | I get these texts a lot. Just block them | r/Bitcoin | 2024-22-05 |
While it is not impossible, it will be difficult for you to get your coins back (no matter its worth). One of our writers fell victim to a similar hack on Trust Wallet. A crypto hacking agency was informed in the US. One of their representatives worked for the FBI.
She stated clearly that funds stolen can never be retrieved. Whiles desperation to get them back can take you to many places for help, you will be scammed all over again.
According to the crypto security specialist, unless your coins fall into a big case in the future, try, and forget about it. | r/bitcoin | While it is not impossible, it will be difficult for you to get your coins back (no matter its worth). One of our writers fell victim to a similar hack on Trust Wallet. A crypto hacking agency was informed in the US. One of their representatives worked for the FBI.
She stated clearly that funds stolen can never be retrieved. Whiles desperation to get them back can take you to many places for help, you will be scammed all over again.
According to the crypto security specialist, unless your coins fall into a big case in the future, try, and forget about it. | r/Bitcoin | 2024-22-05 |
Another case of iPhone not blocking spam. Sorry to hear | r/bitcoin | Another case of iPhone not blocking spam. Sorry to hear | r/Bitcoin | 2024-22-05 |
Major red flag - No bank/exchange would ask you to callback if there's a suspicious activity. | r/bitcoin | Major red flag - No bank/exchange would ask you to callback if there's a suspicious activity. | r/Bitcoin | 2024-22-05 |
WTF? | r/bitcoin | WTF? | r/Bitcoin | 2024-22-05 |
If you are in the states file a report with the police/fbi depending on the amount stollen. Odds of recovery are low but never 0. It’s why the us government has so much bitcoin on hand. | r/bitcoin | If you are in the states file a report with the police/fbi depending on the amount stollen. Odds of recovery are low but never 0. It’s why the us government has so much bitcoin on hand. | r/Bitcoin | 2024-22-05 |
Don’t mess with shitcoins | r/bitcoin | Don’t mess with shitcoins | r/Bitcoin | 2024-22-05 |
I’m sure you’re already hurting… but you kept your life savings on an exchange? They make cold storage wallets for a reason. | r/bitcoin | I’m sure you’re already hurting… but you kept your life savings on an exchange? They make cold storage wallets for a reason. | r/Bitcoin | 2024-22-05 |
I JUST watched that one yesterday! They mention an authenticator issue that can be exploited too. Anyone with Google Authenticator should ensure the default cloud backup should be turned OFF or a scammer that successfully engineers one account reset can Tarzan from account to account and drain your funds in other accounts too. Be safe out there fellas! | r/bitcoin | I JUST watched that one yesterday! They mention an authenticator issue that can be exploited too. Anyone with Google Authenticator should ensure the default cloud backup should be turned OFF or a scammer that successfully engineers one account reset can Tarzan from account to account and drain your funds in other accounts too. Be safe out there fellas! | r/Bitcoin | 2024-22-05 |
You deserve it for being a retard | r/bitcoin | You deserve it for being a retard | r/Bitcoin | 2024-22-05 |
He's lucky he's got money. I'm the only person he's told currently so dealing with the rants 😂 | r/bitcoin | He's lucky he's got money. I'm the only person he's told currently so dealing with the rants 😂 | r/Bitcoin | 2024-23-05 |
The giveaway is the phone number. Binance is now based in Malta which has a 356 country code while I believe +44 is UK. That’s what I always look at first if a text seems legitimate. Not sure if they have a UK office but that’s the first thing that would make me back off. | r/bitcoin | The giveaway is the phone number. Binance is now based in Malta which has a 356 country code while I believe +44 is UK. That’s what I always look at first if a text seems legitimate. Not sure if they have a UK office but that’s the first thing that would make me back off. | r/Bitcoin | 2024-23-05 |
Wallets, addresses, whatever you like to call it, that are accessible through a cold storage device (like e.g. Trezor). | r/bitcoin | Wallets, addresses, whatever you like to call it, that are accessible through a cold storage device (like e.g. Trezor). | r/Bitcoin | 2024-23-05 |
Why do guys interact with that? Just delete.
If something was co.promissed, they would have stolen already. It doesn't manke sense.
Explain pls. | r/bitcoin | Why do guys interact with that? Just delete.
If something was co.promissed, they would have stolen already. It doesn't manke sense.
Explain pls. | r/Bitcoin | 2024-23-05 |
Self custody doesn't help if you fall for a scam and transfer your coins away.
Banks have checks and processes to help prevent people falling for scams and, when they do, help recover the money.
BTC by its nature is the wild west. If you're going to save significant money with it, you need to operate like a bank. Even security experts make mistakes in the arms race. The average person has no chance. | r/bitcoin | Self custody doesn't help if you fall for a scam and transfer your coins away.
Banks have checks and processes to help prevent people falling for scams and, when they do, help recover the money.
BTC by its nature is the wild west. If you're going to save significant money with it, you need to operate like a bank. Even security experts make mistakes in the arms race. The average person has no chance. | r/Bitcoin | 2024-24-05 |
Wouldn't of mattered anyway if he transferred to their wallet.
This thread is a prime indicator of why BTC won't cross the chasm into mainstream use. | r/bitcoin | Wouldn't of mattered anyway if he transferred to their wallet.
This thread is a prime indicator of why BTC won't cross the chasm into mainstream use. | r/Bitcoin | 2024-24-05 |
you can recover back your coin. which ever way it was stolen from you. check out my profile and send a direct message in and i can promise you 100% funds recovery | r/bitcoin | you can recover back your coin. which ever way it was stolen from you. check out my profile and send a direct message in and i can promise you 100% funds recovery | r/Bitcoin | 2024-25-05 |
r/bitcoin | r/Bitcoin | 2024-21-05 |
||
In my post, I explained how this year I transitioned from being massively skeptical of Bitcoin (and crypto generally) to being cautiously bullish. The bitcoin ETFs were a big catalyst for me, as I realise now that BTC is becoming a mainstream asset with institutional recognition.
My intention was to try and help other everyday people understand the wealth creating opportunity in front of them (without giving financial advice, and acknowledging that there are risks. I certainly wouldn't encourage anyone to go all in). If Bitcoin continues to gain institutional acceptance, it is likely to do multiples in coming years, which will change my family's life, and I'd like to see others benefit too.
I was surprised at just how much anger my post received. I tried to be balanced, and wasn't shilling any referrals or links where I personally stood to benefit.
**My question for you is - have you received similarly hostile reactions from people when trying to discuss Bitcoin? Do you even bother?** I would like for everyone to win, but many people obviously don't want to engage constructively...
| r/bitcoin | In my post, I explained how this year I transitioned from being massively skeptical of Bitcoin (and crypto generally) to being cautiously bullish. The bitcoin ETFs were a big catalyst for me, as I realise now that BTC is becoming a mainstream asset with institutional recognition.
My intention was to try and help other everyday people understand the wealth creating opportunity in front of them (without giving financial advice, and acknowledging that there are risks. I certainly wouldn't encourage anyone to go all in). If Bitcoin continues to gain institutional acceptance, it is likely to do multiples in coming years, which will change my family's life, and I'd like to see others benefit too.
I was surprised at just how much anger my post received. I tried to be balanced, and wasn't shilling any referrals or links where I personally stood to benefit.
**My question for you is - have you received similarly hostile reactions from people when trying to discuss Bitcoin? Do you even bother?** I would like for everyone to win, but many people obviously don't want to engage constructively...
| r/Bitcoin | 2024-21-05 |
you are at the point in your journey where you are gaining insight into what btc is, and how revolutionary it could be. As you learn, you will be enthusiastic in your attempts to help others. We all get to this stage, and in most cases, it falls on def ears, or even met with hostility. Eventually you'll get to the point where you realize that you should just focus on you, thats the best way to help others.. be an example of excellence. | r/bitcoin | you are at the point in your journey where you are gaining insight into what btc is, and how revolutionary it could be. As you learn, you will be enthusiastic in your attempts to help others. We all get to this stage, and in most cases, it falls on def ears, or even met with hostility. Eventually you'll get to the point where you realize that you should just focus on you, thats the best way to help others.. be an example of excellence. | r/Bitcoin | 2024-21-05 |
Its funny how clueless people are. You can tell who the people are who have actually done the footwork. I live and breath this shit. Ive put thousands of hours of research into Bitcoin and the history of money and why bitcoin is so important. To me...bitcoin is an IQ test. Its crazy cause i know alot of people with money who dont even bother looking into bitcoin...which has also made me realize that some of the dumbest people i know are people with money. Money doesnt equal intelligence. But anyway...to touch on your question ive absolutely had similar reactions and have mostly stopped trying to orange pill people because theyll find out eventually and get bitcoin at the price they deserve. Keep stacking. | r/bitcoin | Its funny how clueless people are. You can tell who the people are who have actually done the footwork. I live and breath this shit. Ive put thousands of hours of research into Bitcoin and the history of money and why bitcoin is so important. To me...bitcoin is an IQ test. Its crazy cause i know alot of people with money who dont even bother looking into bitcoin...which has also made me realize that some of the dumbest people i know are people with money. Money doesnt equal intelligence. But anyway...to touch on your question ive absolutely had similar reactions and have mostly stopped trying to orange pill people because theyll find out eventually and get bitcoin at the price they deserve. Keep stacking. | r/Bitcoin | 2024-21-05 |
Other more conventional finance subs are pretty risk averse and tend to preach the same investment philosophies - DCA into tax advantaged accounts and buy low cost index funds
To be fair, that’s the appropriate advice for most people, especially people going to those subreddits for guidance. It would be irresponsible to recommend something as uncertain as Bitcoin to someone who is just starting to invest for retirement
But yes, r/investing is very close-minded about crypto in general | r/bitcoin | Other more conventional finance subs are pretty risk averse and tend to preach the same investment philosophies - DCA into tax advantaged accounts and buy low cost index funds
To be fair, that’s the appropriate advice for most people, especially people going to those subreddits for guidance. It would be irresponsible to recommend something as uncertain as Bitcoin to someone who is just starting to invest for retirement
But yes, r/investing is very close-minded about crypto in general | r/Bitcoin | 2024-21-05 |
They conflate Bitcoin with crypto. I believe that reaction is correct for crypto shitcoins. But we all know Bitcoin is different.
Everyone gets Bitcoin at the price they deserve. If they want to be closed minded, we will see them a few cycles from now when they have no choice but to learn. | r/bitcoin | They conflate Bitcoin with crypto. I believe that reaction is correct for crypto shitcoins. But we all know Bitcoin is different.
Everyone gets Bitcoin at the price they deserve. If they want to be closed minded, we will see them a few cycles from now when they have no choice but to learn. | r/Bitcoin | 2024-21-05 |
Disagree. Especially someone who is just starting out investing for retirement they should have more risk than someone whos closer to retirement. Again...it just shows whos done the footwork and who hasnt. Bitcoin honestly isnt as risky as you think anymore. Too big to fail. There is no alternative. | r/bitcoin | Disagree. Especially someone who is just starting out investing for retirement they should have more risk than someone whos closer to retirement. Again...it just shows whos done the footwork and who hasnt. Bitcoin honestly isnt as risky as you think anymore. Too big to fail. There is no alternative. | r/Bitcoin | 2024-21-05 |
If these people just accepted what you know, it would probably be too late to have missed the growth of Bitcoin | r/bitcoin | If these people just accepted what you know, it would probably be too late to have missed the growth of Bitcoin | r/Bitcoin | 2024-21-05 |
Its for sure uncertain, especially relative to more conventional alternatives. There’s a reason licensed CFAs don’t recommend it to clients. Many may invest personally but in high finance no one advises significant exposure. Any one who has it should know the risk they’re taking.
You may be 100% in and that’s fine. You’ve done enough research to know that’s for you. But it’s irresponsible to recommend that to someone who doesn’t know any better. | r/bitcoin | Its for sure uncertain, especially relative to more conventional alternatives. There’s a reason licensed CFAs don’t recommend it to clients. Many may invest personally but in high finance no one advises significant exposure. Any one who has it should know the risk they’re taking.
You may be 100% in and that’s fine. You’ve done enough research to know that’s for you. But it’s irresponsible to recommend that to someone who doesn’t know any better. | r/Bitcoin | 2024-21-05 |
Its pathetic how hostile these people are. But the old people die and the younger have a different view so with time this disappears. Use the opportunity to go allin on bitcoin and use your wealth to help the world in the future. | r/bitcoin | Its pathetic how hostile these people are. But the old people die and the younger have a different view so with time this disappears. Use the opportunity to go allin on bitcoin and use your wealth to help the world in the future. | r/Bitcoin | 2024-21-05 |
To me it doesnt matter whos licensed and whos not. The more you learn about bitcoin, the more you move towards it. It should be recommended to everyone at this point. Of course everyone will drag their feet and buy at higher prices but at this point if youre a financial advisor and youre not at least suggesting a minimal allocation to btc you should be laughed out of the room. Zero credibility. | r/bitcoin | To me it doesnt matter whos licensed and whos not. The more you learn about bitcoin, the more you move towards it. It should be recommended to everyone at this point. Of course everyone will drag their feet and buy at higher prices but at this point if youre a financial advisor and youre not at least suggesting a minimal allocation to btc you should be laughed out of the room. Zero credibility. | r/Bitcoin | 2024-21-05 |
First time? They’ll buy bitcoin at the price they deserve. | r/bitcoin | First time? They’ll buy bitcoin at the price they deserve. | r/Bitcoin | 2024-21-05 |
You do not sound smart | r/bitcoin | You do not sound smart | r/Bitcoin | 2024-21-05 |
Obviously I agree that there is room for Bitcoin as a legitimate asset or else I wouldn’t be here.
But recommending Bitcoin to 85-year-old retired folks with minimal fixed income, a woman with severe credit card debt and no savings, or a young couple saving for a house would all be examples incredibly irresponsible advice.
Especially coming from someone (or a forum) who they are blindly trusting to help them achieve their short and long term goals | r/bitcoin | Obviously I agree that there is room for Bitcoin as a legitimate asset or else I wouldn’t be here.
But recommending Bitcoin to 85-year-old retired folks with minimal fixed income, a woman with severe credit card debt and no savings, or a young couple saving for a house would all be examples incredibly irresponsible advice.
Especially coming from someone (or a forum) who they are blindly trusting to help them achieve their short and long term goals | r/Bitcoin | 2024-21-05 |
I think there are two major factors when investing:
1. How uncertain is the product in the long and short term
2. How uncertain are you and your actions.
Most people assume that everyone is a short term trader and so they don't bother to tell you to invest long term. In the short term, Bitcoin is uncertain, but in the long term, Bitcoin is much less uncertain than everything else, and the only thing that is more certain is that the dollar, or whatever your local currency is, will debase more and more and Bitcoin will remain at a fixed supply.
I get that if you are looking to make dollars, Bitcoin is probably not a great solution, but if you are truly trying to preserve your savings and maybe even give yourself a little boost, it seems selfish not to push the needle forward in their mind by bringing Bitcoin up. | r/bitcoin | I think there are two major factors when investing:
1. How uncertain is the product in the long and short term
2. How uncertain are you and your actions.
Most people assume that everyone is a short term trader and so they don't bother to tell you to invest long term. In the short term, Bitcoin is uncertain, but in the long term, Bitcoin is much less uncertain than everything else, and the only thing that is more certain is that the dollar, or whatever your local currency is, will debase more and more and Bitcoin will remain at a fixed supply.
I get that if you are looking to make dollars, Bitcoin is probably not a great solution, but if you are truly trying to preserve your savings and maybe even give yourself a little boost, it seems selfish not to push the needle forward in their mind by bringing Bitcoin up. | r/Bitcoin | 2024-21-05 |
You understand this is like introducing the internet, but for finance, right?
We're trying to unravel 2 generations' worth of programming. Hell, you can't even have a conversation about the difference between money and currency without them tuning you out like a teenager spouting off 'I'm locked in dad' | r/bitcoin | You understand this is like introducing the internet, but for finance, right?
We're trying to unravel 2 generations' worth of programming. Hell, you can't even have a conversation about the difference between money and currency without them tuning you out like a teenager spouting off 'I'm locked in dad' | r/Bitcoin | 2024-21-05 |
I make money with crypto, heavily leaning towards btc mostly. I don't talk to anyone about it except my SO.
Not wasting my time that I could be using to make some more money | r/bitcoin | I make money with crypto, heavily leaning towards btc mostly. I don't talk to anyone about it except my SO.
Not wasting my time that I could be using to make some more money | r/Bitcoin | 2024-21-05 |
Brave and naive of you at the same time. | r/bitcoin | Brave and naive of you at the same time. | r/Bitcoin | 2024-21-05 |
Problem is even tax advantage accounts aren't keeping up with inflation these days...
I have one limited withdrawal ISA that me and the SO have maxed out that comes in about 5% AER, it doubles as our emergency fund since we get 3 withdrawals a year... it pays for a holiday once every other year for QoL...
Every other penny is in Gold and BTC... Nothing even comes close on a ten year time frame... nothing even comes close save maybe the S&P but I can't fathom propping up the monopoly for the sake of 2-3% higher than inflation year on year... | r/bitcoin | Problem is even tax advantage accounts aren't keeping up with inflation these days...
I have one limited withdrawal ISA that me and the SO have maxed out that comes in about 5% AER, it doubles as our emergency fund since we get 3 withdrawals a year... it pays for a holiday once every other year for QoL...
Every other penny is in Gold and BTC... Nothing even comes close on a ten year time frame... nothing even comes close save maybe the S&P but I can't fathom propping up the monopoly for the sake of 2-3% higher than inflation year on year... | r/Bitcoin | 2024-21-05 |
There is enough in mainstream for anyone that wants to know more about BTC. I no longer share opinions unless directly asked. If I feel they baiting me I so t bother at all. | r/bitcoin | There is enough in mainstream for anyone that wants to know more about BTC. I no longer share opinions unless directly asked. If I feel they baiting me I so t bother at all. | r/Bitcoin | 2024-21-05 |
Some people prefer their wealth to grow slower than inflation. Not sure why, but to each their own I guess. | r/bitcoin | Some people prefer their wealth to grow slower than inflation. Not sure why, but to each their own I guess. | r/Bitcoin | 2024-21-05 |
Hey guys I want to learn how to trade ,, who can help? | r/bitcoin | Hey guys I want to learn how to trade ,, who can help? | r/Bitcoin | 2024-21-05 |
Are you me? | r/bitcoin | Are you me? | r/Bitcoin | 2024-21-05 |
I was :3 | r/bitcoin | I was :3 | r/Bitcoin | 2024-21-05 |
Dad? | r/bitcoin | Dad? | r/Bitcoin | 2024-21-05 |
BTC takes effort to understand, so many people take the journey and start giving sermons after a certain point. People get sick of it and turned off. | r/bitcoin | BTC takes effort to understand, so many people take the journey and start giving sermons after a certain point. People get sick of it and turned off. | r/Bitcoin | 2024-21-05 |
This has been happening for 15 years. 2 years ago it would have probably been you.
In order to understand bitcoin you first need to accept your model of the world is incorrect, and that you're fundamentally wrong about how money works.
That's a hard pill to swallow and not many are willing to even consider it, let alone accept it and start again from first principals.
Everyone gets bitcoin at the price they deserve. | r/bitcoin | This has been happening for 15 years. 2 years ago it would have probably been you.
In order to understand bitcoin you first need to accept your model of the world is incorrect, and that you're fundamentally wrong about how money works.
That's a hard pill to swallow and not many are willing to even consider it, let alone accept it and start again from first principals.
Everyone gets bitcoin at the price they deserve. | r/Bitcoin | 2024-21-05 |
Everyone wants you to be as poor as they are or worse off. Fuck everyone who had 15 years to learn about bitcoin but took that time instead to hate everyone who succeeded with bitcoin. | r/bitcoin | Everyone wants you to be as poor as they are or worse off. Fuck everyone who had 15 years to learn about bitcoin but took that time instead to hate everyone who succeeded with bitcoin. | r/Bitcoin | 2024-21-05 |
No, r/investing is just late. They're in a sub full of 15 year olds, thinking they're getting financial advice lol. | r/bitcoin | No, r/investing is just late. They're in a sub full of 15 year olds, thinking they're getting financial advice lol. | r/Bitcoin | 2024-21-05 |
> where I personally stood to benefit
lol what are you talking about? Telling people to buy bitcoin is exactly you benefiting from it. You have a financial incentive to tell people to buy.
I was also very skeptical about bitcoin forever. Up until I learned what a halving is. Why the fuck did I never know this?? I would’ve bought a long time ago if I know what it was.
Anyway the truth is, YOU have no clue about the future. You cannot predict bitcoin will be worth more or less. Look at some of those other cryptos they suddenly went to $0 unexpectedly. You have 0 idea what can happen to bitcoin. Maybe the ETFs close, maybe worse laws happen, etc.
You CANNOT predict where bitcoin will be in 5 years. NOBODY can. That’s the reality. | r/bitcoin | > where I personally stood to benefit
lol what are you talking about? Telling people to buy bitcoin is exactly you benefiting from it. You have a financial incentive to tell people to buy.
I was also very skeptical about bitcoin forever. Up until I learned what a halving is. Why the fuck did I never know this?? I would’ve bought a long time ago if I know what it was.
Anyway the truth is, YOU have no clue about the future. You cannot predict bitcoin will be worth more or less. Look at some of those other cryptos they suddenly went to $0 unexpectedly. You have 0 idea what can happen to bitcoin. Maybe the ETFs close, maybe worse laws happen, etc.
You CANNOT predict where bitcoin will be in 5 years. NOBODY can. That’s the reality. | r/Bitcoin | 2024-21-05 |
Bitcoin is the least risky asset ever. It's inevitable. There's no risk in inevitability.
The only problem we have is that people are shit at assessing risk. | r/bitcoin | Bitcoin is the least risky asset ever. It's inevitable. There's no risk in inevitability.
The only problem we have is that people are shit at assessing risk. | r/Bitcoin | 2024-21-05 |
My answer to question 2 is "no". Which is also the reason I don't have an answer to 1. | r/bitcoin | My answer to question 2 is "no". Which is also the reason I don't have an answer to 1. | r/Bitcoin | 2024-21-05 |
I mean, r/bitcoin is pretty close minded about crypto in general. Most people here view bitcoin as the only viable crypto there is. | r/bitcoin | I mean, r/bitcoin is pretty close minded about crypto in general. Most people here view bitcoin as the only viable crypto there is. | r/Bitcoin | 2024-21-05 |
Well for one, because that’s not really how it works. The reality is, if demand for Bitcoin went to 0 tomorrow, so would the price.
But also, its expected you handle someone else’s money with the utmost care. Its hard to justify investing in something so new when you can get 5% guaranteed out US Treasuries, or 10% in the S&P 500
Not to mention, if you’re a fiduciary wealth manager, you’re the one who needs to answer their panicked phone call when Bitcoin loses 10% in an hour. | r/bitcoin | Well for one, because that’s not really how it works. The reality is, if demand for Bitcoin went to 0 tomorrow, so would the price.
But also, its expected you handle someone else’s money with the utmost care. Its hard to justify investing in something so new when you can get 5% guaranteed out US Treasuries, or 10% in the S&P 500
Not to mention, if you’re a fiduciary wealth manager, you’re the one who needs to answer their panicked phone call when Bitcoin loses 10% in an hour. | r/Bitcoin | 2024-21-05 |
We are still early | r/bitcoin | We are still early | r/Bitcoin | 2024-21-05 |
Most of Reddit is a bunch of bots and or shitposters that align with big media narratives. It’s actually very strange. | r/bitcoin | Most of Reddit is a bunch of bots and or shitposters that align with big media narratives. It’s actually very strange. | r/Bitcoin | 2024-21-05 |
Neither you do | r/bitcoin | Neither you do | r/Bitcoin | 2024-21-05 |
People might not like Bitcoin or agree with you, but at least they only think you’re wrong rather than crazy. When I started investing in Bitcoin I told anyone who would listen and 99% of them thought I was bat shit crazy. Some of them openly laughed right in my face. At least we’re mostly past that stage… | r/bitcoin | People might not like Bitcoin or agree with you, but at least they only think you’re wrong rather than crazy. When I started investing in Bitcoin I told anyone who would listen and 99% of them thought I was bat shit crazy. Some of them openly laughed right in my face. At least we’re mostly past that stage… | r/Bitcoin | 2024-21-05 |
Exactly this.
I admit when it clicked I talked a lot about btc. A lot... it was like an epiphany for me and "wow I have to tell everybody about this".
It was around 2017 before price exploded. Nobody listened literally. Coworkers talking to me like I am falling into an internet scam, one of them talked with my girlfriend about "the issue" and even she told me that she is afraid I was going to lose all my money on that "magic internet money"
Fast foward 2024 I got a better job a couple guy I still have contact with from my old company don't fail to remember when bitcoin crashes but stay silent when it pumps. It's been a while since I don't hear about them tho.
I started talking about it during last bear market when it was around the 20s. I just said to some close coworkers that it is not about understanding btc but our system - then they will understand btc...
... nobody listened. Literally no one bought any sats.
So I just don't say anything. Anymore. Never.
Bitcoin is inevitable. We don't need to preach it. | r/bitcoin | Exactly this.
I admit when it clicked I talked a lot about btc. A lot... it was like an epiphany for me and "wow I have to tell everybody about this".
It was around 2017 before price exploded. Nobody listened literally. Coworkers talking to me like I am falling into an internet scam, one of them talked with my girlfriend about "the issue" and even she told me that she is afraid I was going to lose all my money on that "magic internet money"
Fast foward 2024 I got a better job a couple guy I still have contact with from my old company don't fail to remember when bitcoin crashes but stay silent when it pumps. It's been a while since I don't hear about them tho.
I started talking about it during last bear market when it was around the 20s. I just said to some close coworkers that it is not about understanding btc but our system - then they will understand btc...
... nobody listened. Literally no one bought any sats.
So I just don't say anything. Anymore. Never.
Bitcoin is inevitable. We don't need to preach it. | r/Bitcoin | 2024-21-05 |
I got banned from there many years ago. It's always been an anti-Bitcoin subreddit. What's interesting is I had quite positive reponses but the mods still banned me. Reddit is a globalist website so they get orders to stop Bitcoin from succeeding. | r/bitcoin | I got banned from there many years ago. It's always been an anti-Bitcoin subreddit. What's interesting is I had quite positive reponses but the mods still banned me. Reddit is a globalist website so they get orders to stop Bitcoin from succeeding. | r/Bitcoin | 2024-21-05 |
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