i'm with you. I was pretty set on buying Bitcoin several years ago. then realized I would need to not lose my phone or password. not. anyway, the price had fallen back to roughly $150. I would have freaked out and sold before it hit $2,000 anyway. if I had really thought it thru, and realized the Big Guys were behind it, not some grass roots, Japanese dude creation, well, maybe I could have imagined where it would go. dave
The dollar is failing fast. If you have the option, take only silver or gold. Preferably junk silver, meaning the old coins containing silver which will be invaluable for small transactions when this financial house of cards falls down and chaos begins - it's happening now all around you. There is still time to educate yourself on precious metals, but hurry. (Call Andy Schectman at Miles Franklin Precious Metals - good honest people - just saying with no personal interest there) As for bitcoin, what will you do when the internet is down, or the grid is down and you have no electricity? A silver coin will buy you a loaf of bread, a dozen eggs, coffee, and a gallon of fresh water, perhaps more. Crypto is a digital fool's gold, subject to external control. Again, just sayin' ... my humble opinion.
You aren't missing out. There are transaction fees with every donation. And the price moves around so a dollar may not be a dollar. Plus, it's commodity trading, which this old cab driver can't cogitate.
The fact that the government is now in it makes me want to deal in it even less.
Read "Hijacking Bitcoin" for some interesting history and details. Author Ver brings up things I had no idea about, such as how China has is controlling at least part of it. Bitcoin of today is not how it was supposed to be.
Personally I endorse crypto because everyone needs to face it: it WILL go that way whether you want it to or not. So you may as well start figuring out it sooner rather than later. And sure cash is king, but crypto IS cash, as much as gold or fiat. Those are really all just arbitrary markers propped up only by society's faith in them.
The key risk you will face is just the volatility of the assets themselves. Sure, they can go WAY up but they can also go WAY down, and either one in a big hurry. Additionally, you'll need a gateway to translate the crypto into fiat currency.
Regarding fees, there are transaction fees with every donation, whether you use established payment systems like PayPal or Venmo or the donation platforms, or cryptocurrency. That infrastructure isn't free, regardless of whether it's traditional finance or decentralized finance.
I'm the end it's all trade-offs, just like everything. Others here have pointed toward informational sources online, definitely worth reviewing them and deciding if the trade-offs are with your time.
Hi Sasha, check in with Jeffrey Carter at Points and Figures sub. He’s been a long-time VC in the space and can quickly educate you, as well, perhaps, as your subscribers.
When finished, you'll be able to post addresses to receive Bitcoin, Ether and any other major cryptocurrency.
As you set up your wallet (takes less than 5 minutes), be sure to write down your wallet "seed" phrase -- usually 12 words that you'll need to provide in case you lose access to your wallet. Also write down your password.
When done, click the "Receive" button to get a list of the addresses to which people can send so that you will "Receive" their donation. Post the addresses somewhere on your site and indicate which cryptocurrency each address is for. That's it.
Talk about a 21st Century problem!
I'll use Bitcoin when they give me the Jetson's flying car they promised me when I was a kid! And yes, it has to fold up into a briefcase!
For the kiddies who dunno what I'm talking about...
https://youtu.be/tTq6Tofmo7E?si=jUJIcO8Cbk_IkEA4
i'm with you. I was pretty set on buying Bitcoin several years ago. then realized I would need to not lose my phone or password. not. anyway, the price had fallen back to roughly $150. I would have freaked out and sold before it hit $2,000 anyway. if I had really thought it thru, and realized the Big Guys were behind it, not some grass roots, Japanese dude creation, well, maybe I could have imagined where it would go. dave
If you don’t understand crypto, you shouldn’t deal with crypto. That’s my motto. I don’t, so I don’t.
*reads responses* Ok anyway:
https://grok.com/share/bGVnYWN5LWNvcHk%3D_b12b0c44-0906-46a9-84b5-ed7beec9257b
Or just open a Coinbase account.
The dollar is failing fast. If you have the option, take only silver or gold. Preferably junk silver, meaning the old coins containing silver which will be invaluable for small transactions when this financial house of cards falls down and chaos begins - it's happening now all around you. There is still time to educate yourself on precious metals, but hurry. (Call Andy Schectman at Miles Franklin Precious Metals - good honest people - just saying with no personal interest there) As for bitcoin, what will you do when the internet is down, or the grid is down and you have no electricity? A silver coin will buy you a loaf of bread, a dozen eggs, coffee, and a gallon of fresh water, perhaps more. Crypto is a digital fool's gold, subject to external control. Again, just sayin' ... my humble opinion.
Blockchain Gold and Silver is a use case with tremendous TAM.
You aren't missing out. There are transaction fees with every donation. And the price moves around so a dollar may not be a dollar. Plus, it's commodity trading, which this old cab driver can't cogitate.
Sasha, BETONLINE.AG loves bitcoin and charges no fee for bitcoin deposits.
"A fool and his/her crypto are soon parted." — Thomas Tusser 1573 updated by JL 2025.
Cash is KING. 👑
The “No Kings” crowd have no clue. 😂
Happy October 20! The ‘check is in the internet’.🤪🤪
If I don't like your comment I want withdraw coin from the wallet. Be fair.
The fact that the government is now in it makes me want to deal in it even less.
Read "Hijacking Bitcoin" for some interesting history and details. Author Ver brings up things I had no idea about, such as how China has is controlling at least part of it. Bitcoin of today is not how it was supposed to be.
Go with a Coinbase account—easy to keep track of and dependable
Personally I endorse crypto because everyone needs to face it: it WILL go that way whether you want it to or not. So you may as well start figuring out it sooner rather than later. And sure cash is king, but crypto IS cash, as much as gold or fiat. Those are really all just arbitrary markers propped up only by society's faith in them.
The key risk you will face is just the volatility of the assets themselves. Sure, they can go WAY up but they can also go WAY down, and either one in a big hurry. Additionally, you'll need a gateway to translate the crypto into fiat currency.
Regarding fees, there are transaction fees with every donation, whether you use established payment systems like PayPal or Venmo or the donation platforms, or cryptocurrency. That infrastructure isn't free, regardless of whether it's traditional finance or decentralized finance.
I'm the end it's all trade-offs, just like everything. Others here have pointed toward informational sources online, definitely worth reviewing them and deciding if the trade-offs are with your time.
Hi Sasha, check in with Jeffrey Carter at Points and Figures sub. He’s been a long-time VC in the space and can quickly educate you, as well, perhaps, as your subscribers.
If you want help on setting this up, I can walk you through it. It couldn't be much easier. Go here and install a Phantom wallet extension in whatever browser you use. https://help.phantom.com/hc/en-us/articles/4412436271635-How-to-install-and-manage-the-Phantom-browser-extension
When finished, you'll be able to post addresses to receive Bitcoin, Ether and any other major cryptocurrency.
As you set up your wallet (takes less than 5 minutes), be sure to write down your wallet "seed" phrase -- usually 12 words that you'll need to provide in case you lose access to your wallet. Also write down your password.
When done, click the "Receive" button to get a list of the addresses to which people can send so that you will "Receive" their donation. Post the addresses somewhere on your site and indicate which cryptocurrency each address is for. That's it.
What happens when the phantom walks away with everything?