CANUSDT
CanYaCoin / Tether USD
crypto

no reason to borrow against yoir crypto you get 5 x leverage with coinbase if you look hard enough you can find a brokerage to give yoi 10x-15x leverage.
IMPORTANT IMPORTANT VERY VERY IMPORTANT
DO NOT TRADE WITH LEVERAGE UNLESS YOU KNOW HOW TO TRADE YES IF YOU KNOW WHAT YOU ARE DOING YOU CAN EASILY MULTIPLE THE MONEY YOU INVEST AFTER EVER TRADE. BUT IF YOU DONT KNOW WHAT YOI ARE DOING YOU CAN LOOSE ALL YOUR MONEY FAST.
if you want more leverage trade forex with oanda or forex.com they offer 50 x leverage on euro/USD

The reason why I think it is **unlikely** is due to the robust economy the U.S. has, as well as the tight monetary policy the Fed uses. Of course, it CAN happen. I'm not saying it's impossible. Just that the circumstances along with the math shows it is VERY unlikely. Inflation gets "out of control" due to printing money, or supply chain shocks. We had two of the worst supply chain shocks in U.S. history in back to back fashions, with a massive amount of debt, a global energy shortage, and extreme money printing and lowering of rates. We only saw elevated inflation rates.
Just saying normalcy bias doesn't make hyperinflation more likely. That's not an argument against what I am saying. Again, even if we were to get hyperinflation, it's just an argument against holding Fiat. Not necessarily for holding Bitcoin. Many asset classes hedge against inflation because they maintain/improve value over time. It's why inflation is considered a tax on the poor, because people that hold their savings in dollars suffer, while people that hold assets like stocks just inflate along with the inflation.

DO MOT LET ANYONE HERE TELL TOU THEY CAN GET IT BECK!!! To many scammers will also DM you telling they can get it back or a friend had the same problem and such and such get their money back. DO NOT i repeat DO NOT fall for this.

> ONLY INVEST MONEY YOU CAN AFFORD TO LOSE.
People often forget that this advice only works for people who are living in a privilege country, esp with a global reserve currency. But for people who are living in a volatile currency, Bitcoin is the money that they can't afford to lose.

Market markers CAN move markets. Moving the markets to go down is easy cuz all they have to do is sell

no reason to borrow against yoir crypto you get 5 x leverage with coinbase if you look hard enough you can find a brokerage to give yoi 10x-15x leverage.
IMPORTANT IMPORTANT VERY VERY IMPORTANT
DO NOT TRADE WITH LEVERAGE UNLESS YOU KNOW HOW TO TRADE YES IF YOU KNOW WHAT YOU ARE DOING YOU CAN EASILY MULTIPLE THE MONEY YOU INVEST AFTER EVER TRADE. BUT IF YOU DONT KNOW WHAT YOI ARE DOING YOU CAN LOOSE ALL YOUR MONEY FAST.
if you want more leverage trade forex with oanda or forex.com they offer 50 x leverage on euro/USD

The reason why I think it is **unlikely** is due to the robust economy the U.S. has, as well as the tight monetary policy the Fed uses. Of course, it CAN happen. I'm not saying it's impossible. Just that the circumstances along with the math shows it is VERY unlikely. Inflation gets "out of control" due to printing money, or supply chain shocks. We had two of the worst supply chain shocks in U.S. history in back to back fashions, with a massive amount of debt, a global energy shortage, and extreme money printing and lowering of rates. We only saw elevated inflation rates.
Just saying normalcy bias doesn't make hyperinflation more likely. That's not an argument against what I am saying. Again, even if we were to get hyperinflation, it's just an argument against holding Fiat. Not necessarily for holding Bitcoin. Many asset classes hedge against inflation because they maintain/improve value over time. It's why inflation is considered a tax on the poor, because people that hold their savings in dollars suffer, while people that hold assets like stocks just inflate along with the inflation.

DO MOT LET ANYONE HERE TELL TOU THEY CAN GET IT BECK!!! To many scammers will also DM you telling they can get it back or a friend had the same problem and such and such get their money back. DO NOT i repeat DO NOT fall for this.

> ONLY INVEST MONEY YOU CAN AFFORD TO LOSE.
People often forget that this advice only works for people who are living in a privilege country, esp with a global reserve currency. But for people who are living in a volatile currency, Bitcoin is the money that they can't afford to lose.

Welcome abroad. We all have been where you're at right now. Read/bookmark this guide and make sure to learn along your journey.
Congrats on the move, it's never too late, [despite new people thinking otherwise](https://old.reddit.com/r/Bitcoin/comments/rskpuf/i_have_only_600_bitcoinsi_missed_the_bus/). ONLY INVEST MONEY YOU CAN AFFORD TO LOSE.
Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please.
Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick by investing into some website. They all are scammers. Even the hot Asian chick, he's a scammer too.
**Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.**
**Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid.
Going DCA is probably the best approach, IMHO.
Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting too and compares buying bitcoin VS stocks.
Now, don't buy some fake bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin)
Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets.
**A few good wallet choices:**
[https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial
[https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial
[https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet
[https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too.
**Lightning wallets** to consider (cheaper and faster transactions, great for small amounts):
[https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new
[https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean
[https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys
[https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill
Note: Breez does also a hybrid liquid/LN wallet called Misty Breez - the sats being on liquid means no need for channels although the payments take a few extra seconds. You'll also can get a free customable LN address.
While talking about hybrid wallets, there's also Aqua Wallet although not IMHO as good as Misty Breez.
There are also custodial LN wallet but I would honestly avoid using them because you have to trust the wallet operator not to steal your money. Their only advantage is that they are incredibly easy to use, although it might cost you big one day.
**Hardware Wallets** (to store larger amounts):
[Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software.
[ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available.
[BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor)
[Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. There's a newer version called Jade Plus, it has much better camera and overall is a better, although a bit more expensive, option.
You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous.
[Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later.
[Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin.
There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future.
Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon.
Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it.
Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin.
This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe.
Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey.
Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.