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First Step Bitcoin

136 members • Free

177 contributions to First Step Bitcoin
HODL Whales Gobble up Bitcoin on the Dip
Bitcoin sees massive buy-the-dip action following recent price crash https://share.google/sSkRXd6RZQ3YafAsJ Did you add to your long term wealth storage?
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💬 What’s your preferred Bitcoin wallet security stack — hardware, multisig, or custody hybrid?
Everyone protects their Bitcoin a little differently. Some rely on hardware wallets, some spread keys across multisig setups, and others mix in trusted custody solutions. What combo do you think gives the best balance of security and peace of mind? ⚡
💬 What’s your preferred Bitcoin wallet security stack — hardware, multisig, or custody hybrid?
1 like • 14d
I use Blue Wallet and store the keys in a sentence in my brain and a metal wallet.
What do you do when Bitcoin drops to $79K?
Check out this message from my 14 year old He’s been buying Bitcoin since before 10 years old He’s seen the ups and downs but he has a basic understanding of how scarcity and supply and demand drive the price of bitcoin higher over the long run He’s seen how volatile it can be over the short run but already has developed a long-term mindset with bitcoin He thinks in decades instead of days He knows he’s buying bitcoin for what it will do for him 20, 30, 40 years from now He’s not worried about what it’s going to do in the next few days, weeks, months, or even the next few years Getting through the first four years of your bitcoin journey is probably the hardest But once you do, you’ll be like him and get really excited when the price of bitcoin drops And just like him, you’ll know exactly what to do with the extra money you have laying around
What do you do when Bitcoin drops to $79K?
1 like • 22d
That's great! When I asked your boys what they wanted for Christmas last year, all said a gift card except him and he wanted Bitcoin. Future vs. Now is mature beyond his years.
What’s harder—saving money or buying Bitcoin?
For me, everything seems to be hard if I don’t have a process for doing things and a habit of showing up and getting them done. Is it hard for you to save money? Or is it harder for you to buy bitcoin? Where are you right now? Is it harder for you to save money, or to buy bitcoin?
What’s harder—saving money or buying Bitcoin?
1 like • 27d
Saving was taught to us as kids, so if we earned any money part of it was saved. When I got my first paycheck and went to the bank to cash it, I set up a savings account and checking account. Every Friday I would put money in the savings account first, then the checking account. When automatic deposit finally came on the scene they allowed you to split your money between your checking account and savings account on autopilot. Investing was different, my family didn't invest in the markets so I had to learn that. Fortunately, the first job I had out of college had what was called a "savings plan" so it was easy for me to join that because of the word savings and it took pre-tax dollars out of your check weekly. If it had been titled investing plan I may not have been quick to join. I continue both automatically now that I'm receiving a pension and social security.
A simple way I think about Bitcoin
This is the mental model that helps me: Learn → Acquire → Secure → Repeat No rush. No shortcuts. Just repetition over time. What’s your current focus in that cycle right now? 👇 Curious to hear.
A simple way I think about Bitcoin
1 like • 28d
Repeat
1-10 of 177
Phil Wilcox
5
183points to level up
@phil-wilcox-7323
My first Bitcoin buy in 2024 has more than doubled 💲

Active 9d ago
Joined Sep 16, 2024
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