@@teru797 If in the US, you will probably want to wait for BTC to become a designated "Unit of Account". Which would remove the capital gains aspect of the conversion of BTC to a different style of asset.
Either sell through nonKYC like Robosats for cash or exchange for stablecoins. Then a combination of using debt/loans and patiently paying off in increments.
This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high, today I am more than 60% down!
Don't be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you're investing in great companies. kudos to SUSAN OWEN
Thanks for your update I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
Which is why I’m excited about the mobile app (and note I’m assuming they will have a F-Droid distribution that you can download on a de-Googled pixel)
Thanks Ian. Great as always. So buy from Spike but use a new Sparrow address for each new Spike buy and then from each of those new Sparrow addresses to a Cold Card MK4. Would this be the workflow?
That is indeed a fantastic workflow! And keep in mind you can pair your ColdCard with Sparrow (by importing the extended public key) so plucking a fresh address from Sparrow is one in the same as plucking a fresh address from your ColdCard’s keys
@@JPs-q1o Got nothing to do with their 'radar'.......Ver was just hitting too many truths...easy to always take someone out by pulling that old 'tax fraud' rabbit from the authority hat to lock them away
Bitcoin Well offers KYC-free for their ATMs but not their online portal fyi. I’m not currently near one of their ATMs but I’ve done a video of their online portal.
@@IanMajor any idea why they only do non kyc for their ATMs and not online? Also, I've noticed some bitcoin ATMs starting to do KYC. Like Coinflip for example now wants ID. Any idea what that is?
Yes, I have to comment that. Wise did kick me, they ask a thousand questions, KYC after KYC and then they closed my Account. They never told me why. But I learned on those kind of Platforms you are having a weak spot. But thanks for the Video.
Thanks for sharing your experience. That’s definitely a potential weak spot I agree. I’m eager to see what other payment methods they support in the future.
Ian, do you see any tracing possibilities using USDT to buy on Spike and losing anonymity? I’m located geographically where Wise, Strike are limited so USDT might be my only option if I buy here. Thanks.
I don’t see any incremental tracing risk beyond normal chain surveillance. That is to say, using USDT on Spike to Spike matters less than how you acquired the USDT (e.g. from a centralized exchange where you’re KYC’ed) in the first place
Sorry, that’s what I was alluding to. I buy my USDT from an exchange so using that in Spike is traceable. I’m thinking of buying on Spike with exchange bought USDT then sending to Wasabi and Coinjoin before cold storage. Any suggestions on this idea? Many thanks again. Great content you put out.
Ian Major: "There's no way for WlSE to know what the payment was for or to whom it was sent" Also Ian Major: "But the other *_really exciting_* part is that these guys are coming out with a mobile app really soon" 🙄
Hmm, I suppose I’m somewhat taking it for granted that they will have a F-Droid distribution that you can run on a de-Googled Pixel but perhaps I shouldn’t assume? Either way, this is not the gotcha you think it is.
@@IanMajor You are talking Chinese to me. F-Droid, no idea what this means.Too much jargon, I am outta here, sorry, I might want to learn but it's all too much for me, I am a simple guy with no digital tech skills.
Good luck sending physical cash by carrier pigeon to your trading peer. Obviously I hope to see more / better payment methods enabled in the future; Wise is certainly far from ideal.
10% is high I agree. Avg. for P2P platforms is about 5% so you’re definitely going to pay a premium no matter what. If you have qualms with these payment methods then I suppose you’ll need to find someone at a local meetup willing to sell you some sats for physical cash (good luck).
Why would someone risk and buy non KYC bitcoin?!! If one day you have to convert it to FIAT how are you going to justify the origin of your bitcoin?!!! This is non sense unless you are making illegal transactions.
This is a very important point most people overlook in their race for privacy, same goes for whirlpool BTC, what happens when you must prove source of funds for that BTC when you want to cash out some BTC for a house purchase for eg? NON-KYC BTC will come back & bite a lot of people on the Ass!
"....justify the origin of your bitcoin?!!!..."......well, justify to who exactly ?...and plenty would still rather prefer that route then risk losing it to the real criminals in charge of this world.
![[LIVE] : ONE ลุมพินี 91 | คู่เอก "คมอาวุธ vs อเล็กเซย์"](http://i.ytimg.com/vi/V0RkEfYFsgM/mqdefault.jpg)
Buying is one thing but selling privately is the key. How to off-ramp to fiat without attracting the wrong kind of attention is what’s needed.
You could exchange some non-KYC in exchange for goods and services you receive. So BTC is the payment mechanism. Not going back to fiat at all.
@@emielvanmelis223 yeah but what if you want to buy a house?
@@teru797 If in the US, you will probably want to wait for BTC to become a designated "Unit of Account". Which would remove the capital gains aspect of the conversion of BTC to a different style of asset.
Either sell through nonKYC like Robosats for cash or exchange for stablecoins. Then a combination of using debt/loans and patiently paying off in increments.
This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high, today I am more than 60% down!
Don't be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you're investing in great companies. kudos to SUSAN OWEN
I agree just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading
Thanks for your update I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
This sounds so good and I would like to be a party to it, is there any way I can speak with her?
She's recognized as 'Mrs SUSAN OWEN. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Thanks this is helpful
Thanks for the support and glad this was helpful!
How are the LSP's protected from WISE chargebacks? That was the main problem selling bitcoin with Paypal payments.
Wise will close your account if it finds crypto transactions.
True
The wise accounts are used to trade there are not linked to crypto deals
Use Revolute then
Thanks for the video, it was new info for me.
Telegram is not exactly safe anymore regarding privacy 😕
especially when telegram IDs you by your phone number...
Which is why I’m excited about the mobile app (and note I’m assuming they will have a F-Droid distribution that you can download on a de-Googled pixel)
Thanks Ian. Great as always. So buy from Spike but use a new Sparrow address for each new Spike buy and then from each of those new Sparrow addresses to a Cold Card MK4. Would this be the workflow?
That is indeed a fantastic workflow! And keep in mind you can pair your ColdCard with Sparrow (by importing the extended public key) so plucking a fresh address from Sparrow is one in the same as plucking a fresh address from your ColdCard’s keys
Many thanks for the reply. So many influencers don’t bother and this is why you’re my go to guy. I did import my CC to Sparrow so set to go.
5% to be COMPLETELY under the IRS radar? 😆
I wouldn't underestimate that radar. Roger Ver did and look at his situation today...
@@JPs-q1o Got nothing to do with their 'radar'.......Ver was just hitting too many truths...easy to always take someone out by pulling that old 'tax fraud' rabbit from the authority hat to lock them away
+5% is the TRUE bitcoin price.
Blessings family HODLERS ✝️🙏
I prefer to HOLD
Make a video on Bitcoin Well which is way easier to buy KYC-free Bitcoin.
Thats usa/canada only, unfortunately....
@@cuttercarlo547 true
Bitcoin Well offers KYC-free for their ATMs but not their online portal fyi. I’m not currently near one of their ATMs but I’ve done a video of their online portal.
@@IanMajor any idea why they only do non kyc for their ATMs and not online?
Also, I've noticed some bitcoin ATMs starting to do KYC. Like Coinflip for example now wants ID. Any idea what that is?
Yes, I have to comment that. Wise did kick me, they ask a thousand questions, KYC after KYC and then they closed my Account. They never told me why. But I learned on those kind of Platforms you are having a weak spot. But thanks for the Video.
Thanks for sharing your experience. That’s definitely a potential weak spot I agree. I’m eager to see what other payment methods they support in the future.
Ian, do you see any tracing possibilities using USDT to buy on Spike and losing anonymity? I’m located geographically where Wise, Strike are limited so USDT might be my only option if I buy here. Thanks.
I don’t see any incremental tracing risk beyond normal chain surveillance. That is to say, using USDT on Spike to Spike matters less than how you acquired the USDT (e.g. from a centralized exchange where you’re KYC’ed) in the first place
Sorry, that’s what I was alluding to. I buy my USDT from an exchange so using that in Spike is traceable. I’m thinking of buying on Spike with exchange bought USDT then sending to Wasabi and Coinjoin before cold storage. Any suggestions on this idea? Many thanks again. Great content you put out.
Ian Major: "There's no way for WlSE to know what the payment was for or to whom it was sent"
Also Ian Major: "But the other *_really exciting_* part is that these guys are coming out with a mobile app really soon" 🙄
Hmm, I suppose I’m somewhat taking it for granted that they will have a F-Droid distribution that you can run on a de-Googled Pixel but perhaps I shouldn’t assume? Either way, this is not the gotcha you think it is.
@@IanMajor You are talking Chinese to me. F-Droid, no idea what this means.Too much jargon, I am outta here, sorry, I might want to learn but it's all too much for me, I am a simple guy with no digital tech skills.
When I saw 5% I'm outta here.
yes crazy, that's not a good deal
It's 10%
bro 10% fee is too much. on 1000$ is 5% but still that's 50$...
Agree I hope (and expect) we see the fees come down over time. 5% is more typical with other p2p platforms
"for WlSE I've already done all the KYC"
Not very wise, sir.
Good luck sending physical cash by carrier pigeon to your trading peer. Obviously I hope to see more / better payment methods enabled in the future; Wise is certainly far from ideal.
A new one ?
After several transactions wise blocks all transactions
This personally happened to you?
Come on! 10% and not fully 'nonKYC'...
10% is high I agree. Avg. for P2P platforms is about 5% so you’re definitely going to pay a premium no matter what. If you have qualms with these payment methods then I suppose you’ll need to find someone at a local meetup willing to sell you some sats for physical cash (good luck).
US going to shut that down ASAP'idly
Will be interesting to see
🦔🦔🦔
10% fee? LOL.
Definitely high I agree. 5% is what I would expect based on other P2P platforms and I’m expecting this will get closer to that over time.
This is just p2p.. nothing new.. nothing useful
Having another method by which to acquire Bitcoin P2P is not useful?
Just buy fidelity Bitcoin ETF, simple to buy and sell and no taxes for non US residents.
Lol
Missing the entire point of bitcoin with counter party risk.
This video was about buying bitcoin tho
@@gwynedd1 there is no point. all your btc in yr cold wallet can vanish in one mistake.its good to have some btc in a cold walltet but not all of it
Why would someone risk and buy non KYC bitcoin?!! If one day you have to convert it to FIAT how are you going to justify the origin of your bitcoin?!!! This is non sense unless you are making illegal transactions.
You could exchange some non-KYC in exchange for goods and services you receive. So BTC is the payment mechanism. Not going back to fiat at all.
Lol, you're NGMI
This is a very important point most people overlook in their race for privacy, same goes for whirlpool BTC, what happens when you must prove source of funds for that BTC when you want to cash out some BTC for a house purchase for eg? NON-KYC BTC will come back & bite a lot of people on the Ass!
"....justify the origin of your bitcoin?!!!..."......well, justify to who exactly ?...and plenty would still rather prefer that route then risk losing it to the real criminals in charge of this world.
Idiot
Robosats 😉👍🤫
Do you have good experience with Robosats for non-KYC?
Aztec
RoboSats is great!
True but not for people in the US
Bisq works