Hey, how can I reach you? I have a few questions for you about Bitcoin.
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@income_magician_717 Hi, you are welcome to ask me your questions here - I will be happy to answer them :)
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I've ordered the Tangem wallet. And then want to invest in Bitcoin. I currently have Bitcoin and ETH. But not very much yet. My question is: the current Bitcoin cycle is already relatively advanced. Is it still worth investing then? Or will I be too late? And the whole thing repeats itself every 4 years, doesn't it? Can you give me a few tips on how best to proceed?
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@income_magician_717 If you go by the cycle theory then we should see the top in September/October 25. Just because we have always had 4-year cycles in the past does not automatically mean that it will stay that way forever.
My tip to you would be that you shouldn't try to time the market too much, but just stubbornly pursue DCA, especially at the beginning. Simply invest weekly or monthly using a savings plan.
And read books, watch videos and listen to podcasts in the meantime :)
My tip to you would be that you shouldn't try to time the market too much, but just stubbornly pursue DCA, especially at the beginning. Simply invest weekly or monthly using a savings plan.
And read books, watch videos and listen to podcasts in the meantime :)
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@stefan_21 and where is it good to make such a savings plan? I'm currently using Coinbase, but it's very expensive. What would you recommend?
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@income_magician_717 would recommend Strike or 21Bitcoin. The savings plan costs 0.79% with 21Bitcoin and 0% with Strike from the second week. I am very happy with 21Bitcoin but I have now switched my savings plans to Strike :)
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@stefan_21 and with regard to the transaction fees. At Coinbase this was calculated automatically. Do you have to enter this yourself with 21Bitcoin or Strike?
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@income_magician_717 21Bitcoin does it automatically. They take care of it and you only ever pay 1000 sats per payout - so that's mega cheap. At Strike you can choose between high, medium and low priority. The low one takes about 24 hours, but costs nothing.
You can also withdraw your Bitcoin from Strike via Lightning - this is also almost free, so it only costs a few cents in transaction fees.
You can also withdraw your Bitcoin from Strike via Lightning - this is also almost free, so it only costs a few cents in transaction fees.
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@stefan_21 it’s lightning possible with Tangem cold wallet?
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@income_magician_717 I don't think so. But you can download a Lightning Wallet like Phoenix or Wallet of Satoshi and then always send the Bitcoin there. As soon as you have saved a certain amount, e.g. 0.01 Bitcoin, you can swap it to your hardware wallet. I always do this via Boltz. You can see how it works in this video, for example:
https://youtu.be/PTsrh8FXOqs?si=wRuH2udId7i3Q1Pb
However, if this is too complicated for you, you can also simply transfer directly from Strike or 21Bitcoin to your hardware wallet. The costs are also kept within limits :)
https://youtu.be/PTsrh8FXOqs?si=wRuH2udId7i3Q1Pb
However, if this is too complicated for you, you can also simply transfer directly from Strike or 21Bitcoin to your hardware wallet. The costs are also kept within limits :)
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@stefan_21 I think I'll start by doing it directly via 21Bitcoin or Strike. But why does it work with this Lightning wallet if the Tangem wallet doesn't support Lightning at all? Or does it work through the intermediate step with Phoenix or wallet of Satoshi?
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