Bits.ca – Bitcoin & Crypto Currency News & Resources

All these while, I've stayed with a relative, and always dreamed of saving up enough to rent an apartment of my own. I learned about Bitcoin in early 2018 and started buy small pennies all on the way down to that $3200 bottom that year. I sold almost all when the market rebounded in 2019 to around $13,000 and only started buying to HODL again early last year, before the March COVID-19 crash. I bought some under 6k and kept buying all the way back up to $13k before Bitcoin took off toward the end of last year. Now, with the value of my investment doubling in the last three months, I decided it was now a good time to take a part of the profit and finally reward myself with an apartment of my own. Before you come at me, I can afford to take care of my bills, so moving in alone only stalled because I didn't want to spend such a large sum at once. Now, I still have around 60% of my funds in Bitcoin and will ride the bull market till anytime I think it is over. I've always read that Bitcoin gains had a life-changing effect for some people, but I'm happy to finally feel a part of it. HODL on comrades 🙏 submitted by /u/wmredditor [link] [comments]

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At the time of typing this, we are less than $10 away from Ethereum’s all time high! We are likely to break into new territory before I even finish posting this! I bought in 2018 just after the top so it’s very exciting to see my hold finally paying off. Won’t be selling now, next month, or even next year. I owe someone sushi if we double from here in the next two weeks - I say bring it on! Get Hype!! submitted by /u/thegooddocgonzo [link] [comments]

This might be a bit of a rant but seriously wtf are we doing here? These fees are no different to repeatedly punching yourself in the balls and wondering why no one else wants to do the same! Anyone who thinks crypto is going to be used as a form of payment and mass adopted are living in their own delusional reality. I had to move around some Bitcoin and ETH tokens for security reasons and what an absolute shit show that is. I had to buy more ETH to pay for the gas fees because what I had a month ago suddenly isn't enough, not ideal but ok, however I couldn't even send $10 I just brought to another wallet because it doesn't cover the fees! Never mind the BTC fees and the time I had to wait for it all to be confirmed. I've been in crypto since bitcoin was around $10 so I've seen a lot happen in this space, but I'm done with all this until something changes. People go on about mass adoption globally and it being widely used to help poorer countries with hyper inflation or the unbanked, sounds great but that's never going to happen with insane fees given to greedy miners who throw a tantrum when things don't get changed to go their way. Do you seriously think someone who lives on less than $1 a day is going to spend $10 on fees! Seriously fuck these greedy self obsessed miners, they are one out of many reasons holding everything back. Crypto has turned into a tool for the wealthy more than the poorer people who need it. Also stop treating satoshi like some god who could never have been wrong. Do people ever think that maybe just maybe he/they weren't right about everything and forget it was just some guy or two, that clearly never saw industrial scale mining happening using specialized hardware that only wealthy investors can afford. This is now NOT! a technology run for the people by the people but run by corporations only in it for profit. Then you have the people who are stuck on repeat about how the lightning network is going to save btc and eth 2.0 will have "thousands" of TPS. Well where are they? Always another year or two away that never arrives never mind how laughable the lightning network is. And I'm not even saying litecoin or bcash or whatever shitcoin is any better because they aren't, if everyone jumped to them they still couldn't handle the TPS and fees would go up. Never mind all the electricity wasted which is a whole other issue. If crypto is ever going to work there has to be no fees for the poorer parts of the world and instant transactions for retail to gain mass adoption. Otherwise this is just one big circle jerk filled with scams and people drawing imaginary lines on colourful charts pretending they can predict the future, and has absolutely nothing to do with saving the world from the banking cartel and governments. submitted by /u/Fl3tchx [link] [comments]

If you want to go to the moon, you need to be prepared. It is not easy. Astronauts spend enormous time preparing for the conditions that welcome them on the moon. Crypto moon is no different. It is not easy. You need to push yourself, prepare yourself through the spine-chilling bear market, HODL through 70% or more dumps, have conviction to buy when the market is bleeding and more. When the bull market finally arrives, it is easy to get euphoric and sell. You need bigger balls to keep HODLing, know your destination, remember what you prepared yourself for. Very few people have actually landed on the moon, very few people will land on the crypto moon. Good luck to all of us, see you on the moon :). submitted by /u/cryptomhanks [link] [comments]

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Now that the dark days of 2020 are over, and we are in the promise of better days, I have been reminiscing on the good parts of last year lately — such as home cooking experiments like deep frying flaming hot Cheeto battered chicken, completing my first 3000 piece puzzle, and putting my US $1200 stimulus check towards buying $500 of BTC and 3 alts for my first born when they graduate from high school in 17 years. I have always loved working with metal, and took up making a hard wallet from titanium for them so I know it is secure. Even tho last year was uncertain the future seems brighter! Oh and here is the best part. I will never tell them that they have it coming - it’s like a grad gift 17 years in the making! submitted by /u/Redsald [link] [comments]

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