BTCUSDMOVED20200318
Bitcoin March 18 2020 Daily MOVE Contracts
crypto

😂 dude you could have just put it into an index fund and be safer and more likely richer - over the last 2 years BTC is at -0.5% performance. lol.

First congrats on taking your first step, and BTC can be bought on almost any exchange and wallet, however I would recommend you to start with phantom (if you can't afford a cold wallet) and the ledger wallet(if you can afford a cold wallet) now I have informative pdf guides on both these wallets, telling you what they are, pros and cons, and how to set them up

Living in your car while you invest a few hundred per month in a single, highly speculative investment sounds like a solid plan. \~$6000 invested per year will easily reach 1-10 BTC in 5 years.

That 200 max you can put in, I say split into 2, 100 into BTC and the other 100 as emergency fund, and rather then suffer so you can afford BTC start a second income stream, maybe selling something or flipping Facebook stuff

A chain resurrected by BTC maxis to hurt Ethereum, it's not the true chain by any means. It's not being developed, and the security flaws are massive. Ignore ETC

Yes. I use many different ways to accumulate BTC, save it on a hidden wallet on a hardware wallet with passphrase and don't have any taxable transactions. Data leak from one exchange would just show some random buys, credit card usage and withdrawals.

Could you elaborate?
Is there a problem with BTC transfers even between MiCA licensed operators? Or did you mean between external wallets and MiCA?

The debt is in USD not BTC. Big difference. Fiat is backed by debt. The contractual obligation between two parties is what gives the currency value. If I give you a $100 loan and you agree to pay me back in one year $106 (6% interest) then we have both entered into a binding contract. This contractual obligation means that two parties have both agreed that the underlying currency (USD in this instance) has value. I'll use a counter example. You come to me and ask to borrow the turd from my toilet bowel. You say, "hey, I'll pay you back two turds next year.". I say, "no fucking way. Please keep the turd. I don't want it anyway". Only one party values the turd. The other party see's it as waste and does not want it. Thus, turd based money has no value. BTC isn't meant to act like Fiat. It's better to treat it like Gold or like stock in a company. Treat it like a commodity. It makes more sense that way. BTC doesn't need to replace Fiat. It just needs to behave like a store of value.

The odds of BTC staying at the same price for 12 years are not high

BitMEX Users Seek 623 BTC in Liquidation Fraud Suit

Investing is good but it is generally bad to keep all your eggs in one basket. Who knows where BTC will be in 10 years. Could be 10x up, could be 10x down. My advice would be:
1. Save up 6-12 months emergency fund
2. Invest some part regularly in an all-world ETF like VWCE
3. Invest some part in BTC
4. Focus on career/business and earning more

Dude, here is some advice: invest only what you can afford to loose. If that is $200 a month than that is what it is. Don't get too fixated on 1 BTC. No need to go live in your car.

More like S&P up 16.5%, BTC down 43%.

Comparison is the thief of joy. There will always be someone with 10 BTC and someone with 100. The important thing is that you're already saving and investing. Keep stacking what you can

Think of a way to increase your income. A new job, a side gig, anything.
Rents and food are the baseline you can’t cut, no point living in a car. Ask for a raise, or pick up a part time job on weekends, or whatever it takes to increase your 2900 figure, any increase goes straight into BTC instead of spending more on nicer things.

$ to $BTC

Earn fiat money and buy BTC? 

At $100/wk we're talking 650 weeks (12+ years) to acquire 1 BTC at current prices. To make that happen faster you need more cash or lower bitcoin price!

Retoswap. Bisq too, but it requires you going through BTC: Fiat > BTC > XMR

Your biggest lever to reach a greater BTC stack is to increase the saving rate.
If you don’t increase and steadily invest 200$ a month due to ChatGPT you might end up with this. For obvious reasons no one can really estimate as this highly depends on the BTC price within the next 5 years.
„At $200 per week for five years, you would make about 260 purchases and invest $52,000 total.
Bitcoin is currently around $65,400, so these are reasonable rough scenarios:
BTC price development over 5 years Approx. BTC accumulated
Price stays near $65k 0.80 BTC
Gradually rises to about $105k 0.63 BTC
Gradually rises to about $163k 0.52 BTC
Gradually rises to about $293k 0.41 BTC
Gradually rises to about $497k 0.34 BTC
My realistic rough planning estimate would therefore be:
Around 0.45–0.65 BTC
A decent middle estimate is approximately 0.52 BTC, assuming Bitcoin averages roughly 20% annual growth from here. At the end of that scenario, the position would be worth around $85,000, despite only contributing $52,000.
Because you already hold roughly 2.15 BTC, this plan could put you near approximately 2.6–2.8 BTC total after five years, excluding any other purchases or sales.“