Last updated: November 26, 2024 at 01:14 AM
Query: "i buy"
Summary:
General Advice:
- Buy high, sell low is a sarcastic suggestion related to investing.
- It's recommended to hold investments for at least 4 years.
- Becoming a millionaire overnight is unlikely, but long-term investments can lead to comfortable retirement.
- Avoid getting caught up in get-rich-quick schemes.
- Learn as much as possible about Bitcoin before investing.
- Bitcoin is compared to a savings account with a strategy of Dollar-Cost Averaging (DCA).
- Avoid responding to messages promising quick riches.
- The price of Bitcoin is unpredictable, so focus on long-term strategies like DCA.
- When investing in Bitcoin, prioritize getting the real thing instead of fake options.
Wallet Recommendations:
Top Choices:
- Blockstream Green: Offers top security features, open-source, and is non-custodial.
- BlueWallet: Known for being excellent, easy to use, and non-custodial.
- Sparrow Wallet: Top desktop wallet option.
- Electrum: A solid choice, open-source, non-custodial wallet, trusted by many.
Lightning Wallets (for cheaper and faster transactions):
- Phoenix: Considered very good and uses Tor for extra privacy.
- Blixt: Known for its great UI, speed, and cleanliness.
- Breez: Excellent POS for small business owners.
- Zeus: An impressive wallet with many features, including the generation of Nostr keys.
Hardware Wallets (for storing larger amounts securely):
- Trezor: Easy to use, Bitcoin-only firmware recommended for safety.
- ColdCard: Air gapped, Bitcoin-only with advanced features.
- BitBox02: A great device with more secure Bitcoin-only options.
- Jade: Air gapped, fully open-source, Bitcoin-only with advanced features.
- Seedsigner: A DIY, fully open-source, air gapped hardware wallet.
- Krux wallet: Another DIY, open-source, air gapped hardware wallet option.
Apparel Discussion:
- Issues with jeans wearing out quickly led to recommendations for more durable options like Duluth Jeans.
- Suggestions to address chub rub and ensure proper sizing for longer-lasting clothing.
Miscellaneous:
- Discussion on a meat product resembling a penis ended with humorous and creative responses.
- Concerns raised about a teenager's behavior with erratic tantrums were met with advice on establishing boundaries.