Showing posts with label Bitcoin. Show all posts
Showing posts with label Bitcoin. Show all posts

Top Secret Ways To Stack Sats or Bitcoins With No Money In The Bank And No Cash in Your Pocket


    No money? No problem, I will show you how to stack your first Sats like a psychopath.  You might have heard that saying around the Bitcoin circles "Sack Sats Stay Humble", but how are you supposed to buy bitcoin if you're struggling to buy gas in this expensive world?  Well you're 100% right about that, and this is why we are not going to play big here, no we are not getting a hole bitcoin right now but we are simply going after a few Sats, and if Bitcoin is really absolute scarcity we might have a slim chance to make our dream come true and be able to afford much more than just fuel.  Back in the days when bitcoin was in the 10cents a coin there used to be sites called "Bitcoin Faucet" where you could go to and do some puzzle logins to receive some bitcoins, of course this was from the early adopters who wanted to spread Bitcoin adoption amongst more people, but now those bitcoin are worth multiple thousands of dollars heading to millions in the future at least that's what others think. But now Sats are the new bitcoins, it's no longer given away but you don't have to be a genius to get them easily.  Side note, "Sats" or "satoshis" are small units of bitcoin, one bitcoin is equal 100,000,000 Sats, just like 1 dollar is worth 100 Cents.  So one Million Sats is worth 0.01 times the current value of one bitcoin in USD term.  Now, let's go put our hands on some Sats.

   One of the easiest way to stack Sats is on stacker.news, just like the name says, it's like a news platform where you can report pretty much anything that might be import to someone else and if people find value in your post then you know your first Sats are guaranteed.  You can also publish your own ideas, Bitcoin questions or your documentations on a domain you really know about, the more profound and interesting it is the more Sats you will get. I myself @piecover have stacked over 81,000 Sats since I started using it in Nov 2023, that's 0.00081 bitcoin and it's only that much because I am not using it extensively, I also donate back a lot of that online to support a lot of other Bitcoiner content creators and Bitcoin merchants.  But stacker.news is not the only place to stack sats.

   Head on to Nostr, Nostr stands for Notes and Other Stuff Over Relays, but that's not what this post is about today, we want to put our hands on some Sats.  First you're going to create a Nostr account using any Nostr app like: Amethyst or Primal or Damus or Iris or any other Nostr client out there, it doesn't matter which one you pick because you will be able to move around with your Public and Private Key taking all your posts with you.  When you get on Nostr, start doing the same thing you would do on Twitter(X) or facebook but better and you will start getting rewarded in Sats for your valuable posts and insightful ideas.

   Once you start getting your feet wet on stacking Sats using those kinds of ways then you may want to acquire bigger amount on exchanges by working extra hours or doing some side hustle jobs, like lawn mowing, handy work, or some online gigs, this is by the way the case for a lot of Bitcoiners I know, you will get a lot more Sats working an extra hour at your job than most strategies that's just the fact as of today. But look, Bitcoin is proof of work, if you do enough work either by being online or in person it doesn't matter as long as you put it in Bitcoin it will always be a wise decision over the long term, just because the sats will only go up in value. I will explain more into that in deferent post. But for now just remember,  in order to hold on to your Sats for the long run you also need to keep working or providing value to the society otherwise you will keep spending them.
 
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Bitcoin Breaks The "Milkshake Theory" Final Straw and Stops The Border Crisis Across The World

Most people approach a problem by looking at its effect and yell at it hoping it fixes itself, while others look for the causes and fix it. We are going to look at the causes of the border crisis in the US and hopefully offer a real practical solution. 

  People across the world are hopeless and desperate, they look at countries like USA as the "promised land" and they will do whatever it takes to get there. For them it doesn't matter if you call them illegals they just want to live and they are tired of watching others stealing everything from them after working for years to have what they had. The 1% in the US who controls the money printer deprives their countries from everything through the "milkshake theory" process, hence gangs and the gov of their country deprive them from their wealth and everything else they had.

   When US central bank and its banks print money it doesn't just impoverish people in the US who use the USD but most importantly it kills people across the world, the poorest get hit the hardest, bc USD is the world reserve currency.

    Thank God for Bitcoin that fixes this massive issue by breaking the final straw of The "Milkshake Theory". Everyday Bitcoin exist and keep operating as a proof of work money it's cutting that evil pipe that's sucking the life blood of all humans across the world(Americans included) to satisfy the money printers in the US, some slowly some faster the evidence is in the border.

If the world has a reserve currency that nobody can print then it levels its playing field, and opportunities can be found anywhere. Bitcoin is money without a printer but hard working people who love to work for what they earn.



How To Save On Bitcoin Transaction Fees


     Many things can cause Bitcoin network fees to skyrocket but today I am going to help mitigate that. Let's say you bought bitcoin from an exchange and now you want to withdraw it to hold your own keys to your money, so basically you want to take the bitcoin to your own wallet but you worry that transaction fees may be too high to move them again today or in the future so here are few things to consider:

   1. Transaction consolidation, this process is as simple as the name says it, you are sending all your bitcoins all at once to one address so that you already pay for all the individual data input for all your previous chonks of transactions. You can do that by waiting for fees to come down or you can try this second option

   2. Liquid, liquid is a Bitcoin sidechain(cheaper) you can use to store those small individual chonks of transactions staight from your exchange for a lower fee. You can use something called "sideswap" on the sideswap.io app to automatically receive and swap your BTC to L-BTC for about 0.1% conversion fee, ofcourse you may want to first calculate if this better to use this service that requires some trust instead of using the Bitcoin timechain, it's a tradeoff you are making, but can also send L-BTC to a more trusted bitcoin wallet like Green. Now when you feel like your liquid stack is big enough and you want to peg-out to base L1 BTC you can simply sideswap it out on the sideswap app. You can also move those liquide bitcoin faster and cheaper using the following technology as well.

   3. The Boltz exchance(boltz.exchange), this exchange will help you move your bitcoin from liquid to your lightning wallet visversa and from lightning to base layer BTC

  I really hope this helps you in some ways, if you found some value feel free to show some value back, thank you! Pie

How To Give The Christmas Gift That Will Never Stop Giving

  Money that loses value overtime like fiat currencies cannot possibly make you happy but money that gains value overtime could probably make your friends or family happy. This Christmas season we are going to think outside the bank to give them the gift that will never stop making them smiling, Sats aka bitcoin.

  Basically, Sat is like the penny(¢ cent) of bitcoin a fraction of it, like 100millionth of a bitcoin, but its value still goes up overtime alongside bitcoin. So now we want to give a Christmas gift to a friend who want it to maintain or even increase in value overtime. Here is how we can do that

  First of all we are going to use this website called lightsats.com click on create your first gift, it will ask you to login you can use your email or your bitcoin-lightning wallet for that like walletofsatoshi. Assuming you're already logged-in let's go to "create first gift". Simply chose the amount and then go down to "advanced options", leave it at the "standard option" and then click on "generate passphrase" this will make you 3 secret words that the recipient will need to redeem the money. And that should be it, congratulations! Now you just gave the gift that will never stop giving.

  The redeeming process is as simple, they just need to download a lightning wallet I suggest WalletOfSatoshi because of less friction and very easy to use.

Video For Visual Learners

I Hope you found value into this, thank you for reading!


Mornings! Good Bitcoin Morning

Bitcoin Sun / Profitable Bitcoin Mining In 2019 Solar Powered Mining

  Good morning everyone! I usually talk about Bitcoin(the money) on this blog[piecover.com] but today is an unusual day where my work called me and ask me to stay home due to bad weather and job cancellations so I decided to bring a deferent vibe today. So I decided to talk about "mornings' today. Some mornings are beautiful on an observers perspectives like me because they are a reset on the brain and the beginning of a brand-new day, that's why we often say Good morning to everyone we interact with in the morning, this is an automatic way to salute but also serves as a positive vibe spreader. In Haiti there is a saying "Pi bonΓ¨ se granm maten" translated to "The earliest you have to do something is in the morning", I often think about this when I want to get something done specially in todays fiat world we live in where everything is moving so fast to insure the rich get richer and the poor get poorer, I talked more about this in A world full of crazy rats working for fiat overlords, I am surprised I am still writing this and it's not already time to go to bed and get ready for work tomorrow. But thanks to Bitcoin I can now take my time to appreciate and degustate the beauty of the mornings, because Bitcoin allows me to lower my time preference in level that's low enough so I can see beyond the darkness of this world of wars, viruses, propagandas funded by fiat money printing. Speaking of darkness(Night) the thing that precedes Mornings, it's important to appreciate that too because even if we want to characterize it as the hard/bad times but there is lessons to be learned there for example there is another Haitian saying "LΓ¨ li fΓ¨ pi nwa se lΓ¨ sa li pral kΓ²manse fΓ¨ jou" meaning "When it's the darkest that's when the morning will starts appearing". Now I would like to illustrate the current fiat world of deep darkness to the beautiful Bitcoin morning arising, it feels like midnight now, we are still far away from the Bitcoin morning lights but it keeps shining in places where it is(El Salvador) with full of energy, brightness, warmth, joy, excitements, etc. You are welcome to come to Bitcoin now where it shines the most by simply converting some of your time, savings and energy to it, bring your family and your friends with you and have a

Good Bitcoin Morning!

Pie

Need to support my work? Sure, If you found value in this please feel free to support me by lightning tip few sats to: piecover@getalby.com or go to bitcoin-lightning tip me few Sats



THE VALUE SAVING TECHNOLOGY - BITCOIN #TOXICTALK

 



If you find value in this please feel free to support me by lightning tip few sats to: 

piecover@getalby.com

Easiest way to buy bitcoin freely as it's nobody else business - To protect your privacy

 


RoboSats is an easy way to privately exchange Bitcoin for national currencies using Tor browser. It simplifies the peer-to-peer experience and uses lightning hold invoices to minimize custody and trust requirements. Bitcoin Tips:

My Alby lightning Invoice

If you find value in this post please come back lightning tip me a few sats using this lovely pink button below
Muun wallet won't work, but Phoenix wallet or other wallets should work, I appreciate it!

To start using RoboSats you only need a Lightning Wallet and a TOR enabled browser.

Ready? Let's Go

                                                  

  1.  Get a Lightning Wallet: Muun wallet or Phoenix wallet or Bleu wallet or Breez or else
  2.  Install Tor Browser: https://www.torproject.org/download/
  3. Access RoboSats: Just search for robosats on tor or use this referral link: http://robosats6tkf3eva7x2voqso3a5wcorsnw34jveyxfqi2fu7oyheasid.onion/ref/CWz8Xkwzenc


The process is pretty straightforward, but I will still suggest to start with a very small amount you can afford to lose.

This document has two complete walkthroughs: 

1) as a buyer that takes an order and; 

2) as a seller that makes an order

RoboSats help users preserve their privacy by using newly generated avatars in every trade. Avatars are super easy and very cool to generate!

The robot is deterministically generated based on the token you see below it. This token is all you need to recover the avatar in the future, so make sure to back it up safely! It is best to write it down in paper… but that’s a lot of work!! Most often it is good enough to simply copy it to clipboard and save it somewhere else. If your browser crashes, your phone battery dies, or you lose connection during trading, you will need the token to log in again and continue with the trade!

Recovering a robotPermalink To recover a backed-up token, simply replace the token in the textbox and tap “Generate Robot”. The site will greet you with “We found your Robot avatar. Welcome back!”

TradePermalink In RoboSats you can make new orders or take orders made by others. To be an order maker simply click on “Create Order” in the homepage. To take an order, click on “View Book” so you can explore the orders created by other robots.

Exploring the Order BookPermalink We click on “View book” and have a look at the orders in the book page.

On a desktop browser, you can see at a glance all of the relevant information about the orders so you can decide which one to take. By default, the book will show “ANY” type of order (buy and sell) and “ANY” currency. Use the drop down menus at the top to select your preferences.

On a smartphone, however, not all of the columns fit on the screen. The nicknames, the type of order, the payment method and the exchange rate are hidden by default. You can tap on any column and tap “Show columns” to select what columns to make visible.

Every order has an expiration counter. By default, in RoboSats v0.1.0 new orders will stay public in the book for 24 hours.

Walkthrough-1: Taking an order as a buyerPermalink When you are decided for an order to take simply tap the “Take Order” button. You will see the contract box. Follow the contract box indications until you complete the trade! :)

First thing is to lock a small fidelity bond (just 3% of the trade amount by default), so the seller knows you can be trusted. The satoshis in this bond will just freeze in your wallet. If you try to cheat or cancel unilaterally, you will lose the satoshis locked in the bond.

Scan or copy the invoice into your lightning wallet. It might show as a payment that is on transit, freeze or even seemingly break your wallet. You should always check on the RoboSats website whether the bond has been locked (your wallet will probably not tell you! Check wallet compatibility list)

As soon as our bond is locked, RoboSats will ask you to provide a lightning invoice to send you the satoshis. Generate an invoice with the exact amount in your lightning wallet and submit it.

While you are submitting your payout invoice, the seller is asked to lock the trade escrow hold invoice. If you are faster than him, you would have to wait. Otherwise, you would already be able to chat with him.

There is a time limit of 3 hours to submit the invoice (buyer) and lock the trade escrow (seller). If the time runs out, the order will expire and the robot who did not follow with the contract obligations will lose the bond. This is a mechanism that helps prevent fake order spamming, wasting time of counterparts and DDOSing the order book.

As soon as the seller locks the satoshis, it is safe to send the fiat currency! As a buyer, you will have to ask the seller for the details to send fiat. Only share the strictly needed information about yourself to not compromise your privacy. Remember, in RoboSats v0.1.0 this chat is memoryless, so the conversation will be lost if you refresh the browser.

There is a time limit of 24 hours to complete the fiat exchange. If the time runs out, the order will expire and a dispute will be opened automatically. To avoid order expiration, use always instant fiat payment methods. For example, sending cash by ordinary mail is slow and will always trigger a dispute in v0.1.0. In the future longer expiry times will be possible.

As soon as you have sent the fiat, you should tap on “Confirm fiat sent” button. After that, the seller will have to confirm the fiat was received. As soon as he confirms the trade is finished and you will be paid out to your lightning wallet. You might see that it is “sending satoshis to buyer” but usually it is so fast you will simply see this screen. Enjoy your sats!

Rating the platform and leaving tips for improvement in our Telegram group or Github Issues is super appreciated!

Walkthrough-2: Making an order as a sellerPermalink It might happen that there are no active orders for the positioning and currency you want. In this case, there is no orders to SELL bitcoin for GBP.

We can create the order exactly has we want it. But mind that you need to publish an order that others want to take too!

In the maker page you are only required to enter the currency, order type (buy/sell) and amount. However, it is best practice to specify the payment methods you allow. It might be also helpful to set a premium/discount for your order to be taken faster. Remember that as a seller you can incentivze buyers to take your order by lowering the premium. If there are too many buyers, however, you can increase the premium to have a trading profit. Alternatively, you can set a fixed amount of Satoshis.

Limits: in Robosats v0.1.0 an order cannot be smaller than 20,000 Satoshis. It cannot be larger than 4,000,000 Satoshis in order to avoid lightning routing failures. This limit will be increased in the future.

You have to copy or scan the invoice with your lightning wallet in order to lock your fidelity maker bond (just 1% of the trade amount)). By locking this bond, the takers know you can be trusted and are committed to follow with this trade. In your wallet it might show as a payment that is on transit, freeze or even seemingly break your wallet. You should always check on the RoboSats website whether the bond has been locked (your wallet will probably not tell you! Check wallet compatibility list)

Your order will be public for 24 hours. You can check the time left to expiration by checking the “Order” tab. It can be canceled at any time without penalty before it is taken by another robot. Keep the contract tab open to be notified with this sound. It might be best to do this on a desktop computer and turn on the volume, so you do not miss when your order is taken. It might take long! Maybe you even forget! You can also enable telegram notifications by pressing “Enable Telegram Notification” and then pressing “Start” in the chat. You will receive a welcome message as confirmation of the enabled notifications. Another message will be sent once a taker for your order is found.

Note: If you forget your order and a robot takes it and locks his fidelity bond, you risk losing your own fidelity bond by not fulfilling the next contract steps.

In the contract tab you can also see how many other orders are public for the same currency. You can also see how well does your premium ranks among all other orders for the same currency.

Hurray, someone took the order! They have 4 minutes to lock a taker fidelity bond, if they do not proceed, your order will be made public again automatically.

As soon as the taker locks the bond, you will have to lock the trade escrow. This is a lightning hold invoice and will also freeze in your wallet. It will be released only when you confirm you received the fiat payment or if there is a dispute between you and the taker.

Once you lock the trade escrow and the buyer submit the payout invoice it is safe to send fiat! Share with the buyer the minimal information needed to send you fiat. Remember, in RoboSats v0.1.0 this chat is memoryless, so the conversation will be lost if you refresh the browser.

The buyer has just confirmed he did his part! Now check until the fiat is in your account.

By confirming that you received the fiat, the escrow will be charged and sent to the buyer. So only do this once you are 100% sure the fiat is with you!

All done!! :D

Collaborative cancellationPermalink After the trade escrow has been posted and before the buyer confirms he sent the fiat it is possible to cancel the order. It might just happen that you both do not have a common way to send and receive fiat after all. You can agree to tap on the “Collaborative cancel” button. After the “Fiat sent” button is pressed by the buyer, the only way to cancel an order is by opening a dispute and involving the staff.

This is totally not recommended, one of the two traders would lose his fidelity bond except in exceptional cases (up to the discretion of the staff)

In Conclusion, Robosats is an amazing platform to stack sats KYC free and it is a good step away from financial surveillance. This was a good detailed explanation in written but I to watch a couple video tutorials as well. Thank you!

A world full of crazy rats working for fiat overlords

      


      It's Friday after a long week of hard work, I fall on this old video song by Madonna - called "Ray Of Light". I have no idea what she is saying in the song but the images remind me of something that I have been thinking of for years now, something that I could never explain to a five-year-old at a straight face. 

     The video starts with the beautiful sun rising in the sky while she has to rush on getting ready for work, you see everybody running like crazy ants to get on the cars, trains, busses, airplanes, taxies to go do some sorts of activity to generate income which is a must if you want to survive in this world, meanwhile I saw two dogs sit back relaxing, They must be thinking the same thing as I am "These people are really crazy, working for fiat fake money".  She showed the time clock running so fast people are running out of time to even take their time to sit and eat properly, the rat has to keep on running with no ending sight with fake hope of getting out one day, the cycle repeats over and over again, and the tragedy of it all is that no one is noticing that this is a fake set-up made up by a small group of overlords controlling the supply of the money.                                            

But what is the solution? Or what is a real way to skip this trap? Well the solution may never be in the same fiat "fake money" setup everyone is running for, but in a money that is outside the system "Bitcoin". Bitcoin is the only money they can't f*ck with no matter how are hard they try. But should you stop working and just move everything to Bitcoin and call it a day? No, in my opinion you should keep on providing good value to society, keep doing what you do but even better now since you are working to convert your saving in perfect money, and you should upgrade your skills if you can to stack more Sats(bitcoins). The more you accumulate Sats(bitcoin) the closer you are to your freedom, because Bitcoin is the freedom money.

If you find value in this post please feel free to show me some value back by supporting me using lightning to tip me few sats at: piecover@getalby.com or go to bitcoin-lightning tip me few Sats

    In conclusion, I could be completely misinterpreting the song and I am sorry if I do but I was glad to find a visual way to explain my observation of this tragedy that we are all experiencing. But fortunately enough to every problem there is a solution thus "Thank you Satoshi for Bitcoin!"




  

How to get rekt investing unsafely in Bitcoin and Cryptocurrencies

How to get rekt investing unsafely in Bitcoin and Cryptocurrencies

   As a Newbie, when I first got into Bitcoin I thought it was about outsmarting the market and
getting rich quick on ''promising'' crypto projects. After properly get rekt I quickly learned my
lesson and realized that this was never the way. Fortunately enough, I am not the only one who
got stuck with this interesting story to tell, so I am writing this blog post to minimize the
pain for future newcomers who want to avoid these expensive mistakes and learn from mine.
And At the end I intend to reveal to you the most effective strategy to accumulate bitcoin.

    Bitcoin Tips:

My Alby lightning Invoice

If you find value in this article please support my work by

lightning tip me a few sats using this lovely pink button below

Muun wallet won't work, but Bleu or Phoenix wallet or other wallets should work Let's first look at the fantastic ways to get rekt





   1. Investing in crypto projects known as altcoins to get more Bitcoin
   Bitcoin is the only time chain technology worth paying attention to out there because it is the only one
that solved the fundamental “double spend” problem, Bitcoin did that by using proof of work, which
removes the need for trust over your money and this cannot be done twice, so anything else out there
that dress like Bitcoin or pretend to be better than Bitcoin will require trust over your money therefore they
are the same scams as the current banking system.
   Furthermore, have you seen those crypto traders/ crypto influencers on youtube? I am sure you have,
and some of those people are perfect examples of how fiat excrement looks like. I am sorry for the term
but these people are causing too much damage to newbies, I had to say it. They will sell their innocent
subscribers' souls to evil crypto exchanges that are selling them highly leveraged trades in which they are
guaranteed to get liquidated.  And these same influencers will take massive amounts of money from crypto
projects leaders to come up on their show and sell their scams to innocent retailers who have limited
knowledge on how these scams blockchain projects work. 
   The bottom line is, these crypto projects will get hyped up by paid crypto influencers and or VC funds
with way more influence and money than any small retailer who will get dumped on after buying the top.
What is the probability that you win? The probability is zero because you won’t know when it will happen
and also these things get hacked very frequently.
    2. get more yield on your bitcoin or borrow against it so you don’t have to sell.
   This is another donkey thinking way to give away your keys. Bitcoin is not a debt based system, any
debt based business model built on top will collapse fantastically and if you refuse to learn this then you
are up for a big surprise-Ask Celsians. But still, these crypto platforms will keep offering you more yield on
your bitcoin and they will never truly tell you where the yield comes from, but I am here to tell you that you
are probably the yield they are giving away because in other for that thing to work they always need new
depositors to pay for the yield of the old depositors therefore once the music stop the system will collapse,
and you will be so glad you were out.  
   And also, borrowing against your bitcoin is a good way to have sleepless nights in an extremely volatile
market so yeah, perfect way to get rekt.
 
     3. Running automating trading bots
 
     When most cryptocurrency investors first begin trading bitcoin, they typically do so by manually placing
buy/sell orders on one of the myriad bitcoin trading platforms available. By doing this, traders are able to
feel out the market, identifying trading opportunities by looking at various trading indicators and market
metrics.
However, this type of activity comes with its own risk potentials such as: flash crashes in a black swan
event, exchanges get hacked and you lose all your funds, and also nothing says if those bots are honest
bots they may be built to your disadvantage as a user. 
Now, how to invest in bitcoin safely and avoid getting rekt
   First of all,
Have you ever heard the term "Stack sats stay humble" before? That's right, Bitcoin will eventually humble
you and the cure to that will be DCA. DCA means accumulate satoshis with an average amount of fiat
money in a set period of time, for example: buying bitcoin for $10 a day, or buy $100 of bitcoin every 
week. This investment strategy aims to reduce the stress of market volatility and market turbulence.
There is a specific website called dcabtc.com exclusively built to help you model things like, how much
sats you would own by purchasing $10 of bitcoin every week?
  Because Bitcoin is so volatile it is extremely difficult to know when bitcoin is cheap or expensive.
This is why building your Bitcoin education for more confidence to gradually stack sats is a safer
alternative and a way more satisfactory strategy. 
But most importantly, while DCA it is important to remember to take out your coins from exchanges
otherwise you are playing with fire.
 
   Conclusion
I understand how human love learning from their own mistakes, but some mistakes are so expensive it
worthwhile learning them from somebody else and avoid making them. Bitcoin is a hard concept to
understand, it requires a lot of time and devotion, but it is obtainable with the right mindset.
I hope I made a good case for the best strategy which is DCA, the simplest and provably the most
successful one. But you may find a strategy that works best for you, in that case you should keep using it
and tell us about it in the comment section below. But no matter what strategy you are using make sure
you have control over your keys.
 

that solved the fundamental “double spend” problem, Bitcoin did that by using proof of work, which
removes the need for trust over your money and this cannot be done twice, so anything else out there
that dress like Bitcoin or pretend to be better than Bitcoin will require trust over your money therefore they
are the same scams as the current banking system.
   Furthermore, have you seen those crypto traders/ crypto influencers on youtube? I am sure you have,
and some of those people are perfect examples of how fiat excrement looks like. I am sorry for the term
but these people are causing too much damage to newbies, I had to say it. They will sell their innocent
subscribers' souls to evil crypto exchanges that are selling them highly leveraged trades in which they are
guaranteed to get liquidated.  And these same influencers will take massive amounts of money from crypto
projects leaders to come up on their show and sell their scams to innocent retailers who have limited
knowledge on how these scams blockchain projects work. 
   The bottom line is, these crypto projects will get hyped up by paid crypto influencers and or VC funds
with way more influence and money than any small retailer who will get dumped on after buying the top.
What is the probability that you win? The probability is zero because you won’t know when it will happen
and also these things get hacked very frequently.
    2. get more yield on your bitcoin or borrow against it so you don’t have to sell.
   This is another donkey thinking way to give away your keys. Bitcoin is not a debt based system, any
debt based business model built on top will collapse fantastically and if you refuse to learn this then you
are up for a big surprise-Ask Celsians. But still, these crypto platforms will keep offering you more yield on
your bitcoin and they will never truly tell you where the yield comes from, but I am here to tell you that you
are probably the yield they are giving away because in other for that thing to work they always need new
depositors to pay for the yield of the old depositors therefore once the music stop the system will collapse,
and you will be so glad you were out.  
   And also, borrowing against your bitcoin is a good way to have sleepless nights in an extremely volatile
market so yeah, perfect way to get rekt.
 
     3. Running automating trading bots
 
     When most cryptocurrency investors first begin trading bitcoin, they typically do so by manually placing
buy/sell orders on one of the myriad bitcoin trading platforms available. By doing this, traders are able to
feel out the market, identifying trading opportunities by looking at various trading indicators and market
metrics.
However, this type of activity comes with its own risk potentials such as: flash crashes in a black swan
event, exchanges get hacked and you lose all your funds, and also nothing says if those bots are honest
bots they may be built to your disadvantage as a user. 
Now, how to invest in bitcoin safely and avoid getting rekt
   First of all,
Have you ever heard the term "Stack sats stay humble" before? That's right, Bitcoin will eventually humble
you and the cure to that will be DCA. DCA means accumulate satoshis with an average amount of fiat
money in a set period of time, for example: buying bitcoin for $10 a day, or buy $100 of bitcoin every 
week. This investment strategy aims to reduce the stress of market volatility and market turbulence.
There is a specific website called dcabtc.com exclusively built to help you model things like, how much
sats you would own by purchasing $10 of bitcoin every week?
  Because Bitcoin is so volatile it is extremely difficult to know when bitcoin is cheap or expensive.
This is why building your Bitcoin education for more confidence to gradually stack sats is a safer
alternative and a way more satisfactory strategy. 
But most importantly, while DCA it is important to remember to take out your coins from exchanges
otherwise you are playing with fire.
 
   Conclusion
I understand how human love learning from their own mistakes, but some mistakes are so expensive it
worthwhile learning them from somebody else and avoid making them. Bitcoin is a hard concept to
understand, it requires a lot of time and devotion, but it is obtainable with the right mindset.
I hope I made a good case for the best strategy which is DCA, the simplest and provably the most
successful one. But you may find a strategy that works best for you, in that case you should keep using it
and tell us about it in the comment section below. But no matter what strategy you are using make sure
you have control over your keys.
 


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