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dont buy bitcoin
52 sats \ 5 comments \ @faithandcredit 19 Nov 2022 bitcoin
...Earn it
Why? Because buying Bitcoin is the most low effort, low IQ way to "use" it. And it doesent do anything except pump the price, and thats fun for a moment, but there will be a correction and a hangover. All buying bitcoin does is make the exchanges rich, and make BTC look like a pump and dump scheme. Dont do it?
Earn Bitcoin insted, and yes, there is not alot of ways to make any signifcant amount of bitcoin. But maybe there is a reason for that. Stay humble!
PS. This is my opinion and even tho i am acting as if its fact, its just to keep it short. Its just my opinion. Thanks for reading. Have a good day.
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16 sats \ 0 replies \ @Hermit 19 Nov 2022
I work, they pay me with Fiat and then I transform it in Bitcoin. My objective it's to stack as much as I can in the least time possible. I buy, I earn, I mine.
To me the price its absolutely irrelevant and if someone care about pumps and dumps, cheap or expensive, that's their problem.
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37 sats \ 3 replies \ @SatoshiNakanodo 19 Nov 2022
I agree, earning it (working for it) is the best way to stack.
However, buying peer-to-peer is the next best option and should not be discounted.
Avoid exchanges at all costs.
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0 sats \ 2 replies \ @fiatbad 19 Nov 2022
What about Strike and Square, though? I want to support the Jacks because they are helping educate the public about why "Bitcoin not shitcoin". Their fees are low-ish, and they are Bitcoin-ONLY exchanges. The only issue I see with them is KYC.
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0 sats \ 0 replies \ @Hermit 19 Nov 2022
Do you guys ever go to a restaurant, to a store, or to do groceries?
This places offer you goods and services that you pay for and they get a cut for doing the work of prep everything for you.
You go to Chipotle, you buy a burrito and I don't think you care what they do with their profits while you get your burrito to eat.
Exchanges are the exact same, no difference. Another thing is if after that, you expect the exchange to give you a yield, a credit card or dance flamenco for you, they are not what they are here for.
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0 sats \ 0 replies \ @SatoshiNakanodo 19 Nov 2022
You answered your own question. KYC keeps you prisoner to the traditional system. if you can buy from a peer without giving up your personal information, why wouldn't you? Jack and Jack will be fine.
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