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Messages - Culttoday

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Bitcoin discussion / Re: How did you get into bitcoin?
« on: November 16, 2021, 09:30:16 AM »

I was quite fortunate.
In 2012, I purchased $100 worth of Bitcoin with the idea of using it to purchase something on the darknet markets. At the time, Bitcoin was $11/coin.
As the value of the assets increased, I decided to keep them. In 2014, I liquidated half of my BTC holdings and invested in a Vanguard index fund, as BTC was my first investment and I thought it was prudent to diversify.
The other half of those initial coins, which are now worth over $10,000, is still in my possession. I'm just holding on to them to see what happens because there's no way for me to lose at this point.
To the moon and back!

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Bitcoin discussion / Re: how to create paper wallet
« on: October 20, 2021, 06:44:31 AM »
Even if it's scrawled on a scrap of paper from your notebook, any public and private key pair can be used as a crypto wallet. However, it is no longer recommended to use paper wallets as a secure crypto storing technique, especially for large amounts of money. As a result, you could want to construct one for fun, curiosity, or as a present. Many people advise merely putting a modest amount of money in a paper wallet, such as $1 or less. You could even make a wallet with nothing in it and still reap the benefits.

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Bitcoin discussion / Re: What is Bitcoin?
« on: July 21, 2021, 10:02:50 AM »
Bitcoin is high-level money made in January 2009. It follows the considerations set out in a whitepaper by the bewildering and pseudonymous Satoshi Nakamoto.  The identity of the individual or people who made the innovation is as yet a secret. Bitcoin offers the guarantee of lower exchange charges than conventional online installment instruments and, not at all like officially sanctioned monetary standards, it is worked by a decentralized position.
Bitcoin is a sort of cryptographic money. There is no physical bitcoin, just correspondence kept on a freely available report that everyone has direct permission to. All bitcoin trades are affirmed by a huge proportion of handling power. Bitcoin isn't given or supported by any banks or governments, nor is an individual bitcoin important as an item. In spite of its anything but being legitimate delicate in many pieces of the world, bitcoin is famous and has set off the dispatch of many other cryptographic forms of cash, overall implied as altcoins. Bitcoin is ordinarily contracted as "BTC."

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