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r/Bitcoin
5.6m members
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.
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6.5m members
The leading community for cryptocurrency news, discussion, and analysis.
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r/btc
1.1m members
When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. This happened long before the creation of Bitcoin Cash.
Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations.
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r/BitcoinIndia
117k members
A community focused towards discussion of Bitcoin in India. Bitcoin is a global decentralized digital currency which can be used like the Indian Rupees for paying towards Goods and Services and can be used as a medium of exchange with no central party like banks serving as the middleman for the payment transactions.
In simple terms, Bitcoin is a currency of the people, by the people and for the people!
Visitr/BitcoinMining
91.0k members
The official bitcoin mining forum / subreddit / chat room / place to be!
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r/CryptoMarkets
1.5m members
r/CryptoMarkets is participating in the Reddit blackout to protest the planned API changes
https://techcrunch.com/2023/06/05/multiple-subreddits-and-moderators-are-now-protesting-reddits-api-changes/
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r/CryptoCurrencies
380k members
We're Crypto Reddit's Fiji water in a desert of censorship and agendas. Arguably Reddit's best source for uncensored cryptocurrency news, technicals, education, memes and so more!
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r/dogecoin
2.4m members
The most amazing place on reddit!
A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. The much wow innovative crypto-currency.
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r/ethtrader
2.3m members
Welcome to /r/EthTrader, a 100% community driven sub. Here you can discuss Ethereum news, memes, investing, trading, miscellaneous market-related subjects and other relevant technology.
Visitr/BitcoinSerious
7.8k members
A subreddit for those serious about bitcoin! Less crazy, more awesome!
Analysis welcomed/encouraged. We will try to keep the circle-jerking to a minimum.
Blogspam (etc) will probably be removed, but that's at mod discretion; since it's obviously a grey area.
mod logs are public: https://modlog.github.io/#/r/BitcoinSerious
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r/Wallstreetsilver
258k members
We are a community that loves Silver, Period. Currently, this place is being cleaned up by a new mod team, as reddit has stepped in to remove the last mod team. r/SilverDegenClub mods and others, are working hard to restore WallStreetSilver to what it once has been - a place to talk about silver! Please be patient, we will be back for you soon!
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r/BitcoinPrivate
11.1k members
Mainly focused on Bitcoin and welcomes any cryptocurrency related information. Feel free to post useful sites, news and events in the crypto scene.
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r/Monero
292k members
This is the official subreddit of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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r/ethereum
2.4m members
Next-generation platform for decentralised applications.
Dive in at ethereum.org
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r/BitcoinNL
10.1k members
Verplichte titel van je post: BIIIITCOOOOIIIN
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Bitcoin community voor de Nederlands sprekende Bitcoin fanaten!
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r/Crypto_Currency_News
270k members
News means money in the Crypto Currency world. When new coins, products or platforms are released using Bitcoin, Ethereum, Monero or any related altcoin Tokens, the price of affected products can potentially move on the news.
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r/technology
14.4m members
Subreddit dedicated to the news and discussions about the creation and use of technology and its surrounding issues.
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r/BitcoinTechnology
5.0k members
/r/bitcoin is amazing and we love it but sometimes it's nice to have an area dedicated to the technical details and interesting projects of bitcoin so this exists to complement /r/bitcoin,
Feel free to X-Post if you think your article is relevant to both /r/bitcoin and /r/bitcointechnology
This subreddit is for all proposals, articles, questions and answers on bitcoin related technology
DO NOT POST icos, pricing, memes, scams, etc here as they will be removed.
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r/BitcoinDE
4.6k members
Das "originale" und älteste Subreddit für News und Infos über Bitcoin auf deutsch.
Ihr findet hier überwiegend Links zu Berichten in (Mainstream-) Medien und Presse, sowie News und Beiträge aus den deutschsprachigen Bitcoin-Communities.
Eure Fragen und Beiträge sind auch jederzeit willkommen! Links und Inhalte spiegeln nicht unbedingt "unsere" Meinung wider.
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r/Bitcoin_News
4.3k members
Bitcoin News - Reddit Community dedicated for sharing and discussing news related to Bitcoin.
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r/SafeMoon
295k members
SafeMoon is a human-focused technology and innovation business expanding blockchain technologies for a brighter tomorrow. #Web3MovementForEveryone ; Please read the information shared in the sidebar of this subreddit.
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r/SHIBArmy
480k members
SHIBA INU (aka SHIB) is an experiment in decentralized spontaneous community building. The SHIBA ecosystem has three official coins $SHIB, $LEASH and $BONE.
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r/cryptocurrencymemes
353k members
Welcome to CryptoCurrencyMemes! This sub is intended for the dankest cryptocurrency-related memes. Please follow the sub rules, remember to upvote and downvote, and have a good time!
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•Posted by11 days ago
tl/dr; Over the past 16 months I took out 3 personal loans totaling $59,000 and bought a total of 2.65 BTC for an average price of ~24,000 per BTC... I managed to pay off the first loan ($15K) completely, and $3,500 on the second loan. I currently owe $41,000. My monthly payments are ~$700 a month. I'm not stressing and my conviction remains strong. I can easily afford to service the debt. I’m currently up ~25% on my position, which comes to ~$19,500 profit.
Greetings everyone!
As promised, I'm back with my one year update to my previous posts of taking out $35,000 in personal loans to buy and hold Bitcoin.
You can read about my first two loans totally $35,000 if you check my post history from Feb and June of 2022. I don't want to cross-post from other subs. I got a lot of hate on those previous posts, but I think it was really just salty buttoners hoping Bitcoin would fail. Instead, I'm up ~25%!
Anyway, a quick review...
1st loan: February 2022; $15,000 interest rate of 6% fixed APR. I bought 0.45 BTC ($225 monthly payment)
2nd loan: June 2022; $20,000 interest rate of 4.9% fixed APR. I bought 1.25BTC ($326 monthly payment)
3rd loan: June 2023; $24,000 interest rate of 8% fixed APR. I bought 0.95 BTC. (~$405 monthly payment)
Total Loans: $59,000.
Total BTC Bought: 2.65 BTC
Average Price per BTC: $22,264 (not including interest paid on loan)
Average Price per BTC: ~24,000 (including interest paid so far)
It’s been a pretty good year all things considered. I was very aggressive with servicing my loans. I felt torn between buying more Bitcoin and aggressively paying off my loans, but ultimately decided to pay down my first loan… in fact, I managed to completely pay off my first loan of $15,000! It took me a total of 16 months to do so.
That left me with my remaining $20,000 loan of which I managed to make a small dent on. I’ve paid $3,500 of it so far.
In my previous posts, a lot of redditors on other subs, not r/bitcoin, had a really difficult time understanding my strategy so I’ll explain it gain in baby-talk: take out low APR loans, acquire as much Bitcoin as possible, hold said Bitcoin long term, and repay the loans with inflated dollars over time.
The way I see it, the US dollar is rapidly declining in value and prestige. Therefore, I will take out loans to buy Bitcoin and pay back said loans with inflated dollars that I earn from my job.
Now on to the new loan… with the halving less than a year away, I feel pressure to acquire as much Bitcoin as possible. So I decided to take out another loan of $24,000 with a fixed 8% APR.
I know, I know... that’s a high APR and I said I wouldn’t go that high in my last post! But since I paid off my first loan so quickly, I thought, why the hell not?
I’ll focus on paying this most recent loan down first since it has such a higher APR than the previous one, and with any luck should have it paid off within 18 months or so. We'll see...
I don’t expect Bitcoin to be trading in this range18 months from now. I expect BTC to be ~$100k per coin by then, so I’ll bite the bullet of a short term high APR for the the long term exponential price appreciation of Bitcoin. In the meantime, I'll continue paying down my loans... or maybe not. I'm tempted to throw everything I have at Bitcoin while it's still under $30k. We'll see...
***** EDIT*********
For those curious about my personal financial situation. Here it is...
Independent contractor. ~$60k annual income. I live in NYC, but have a rent stabilized apartment so my rent is very affordable. No wife. No kids. I'm frugal. I save and invest ~25-30% of income (~$1,500) into Bitcoin each month. Still have plenty left over to enjoy life.
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