Topic: Bitcoin for the elderly homeless. (Read 355 times)

Saving cash these days feels like watching it melt in your hand, thanks to inflation.  Bitcoin's like a shiny new toy in comparison, promising to fight off inflation and maybe even grow your money. But here's the rub. To buy Bitcoin on these big trading platforms, you gotta go through this whole KYC thing, which means giving up some personal info. Kinda feels like they're peering over your shoulder while you're trying to be all incognito.

So, what's a crypto newbie to do? There are these other swap places called DEXs that might be a bit more anonymous, but let's be honest, they ain't exactly user-friendly. Plus, Bitcoin's a bit of a rollercoaster ride, so while it might outrun inflation, it's not exactly a smooth journey. In the end, it's all about what you value most. Do you want something super easy and secure, even if it means giving up some anonymity? Or are you willing to deal with a bit more complexity to stay off the financial grid? There's no one-size-fits-all answer here.

Yes. if we pay attention to the market Bitcoin price fell 3.74% in this 24 hours, because US macro data and BTC prices were corrected after the release of US inflation data, investors felt depressed due to this news and from the 4 hour time frame chart data, it is possible that it will still fall again, but if many people buy now, the price of 68k will not last long and will soon back to 70K back.

That's right, and today I think I have to hurry because the market is being kind, whether this opportunity will be the last I don't know, but while there are still funds and time, it's better if we do it immediately.


I'm impressed. I hope all the steps you take are successful always.

I've been inside the Matebook, and here is a pic of the motherboard.



It's a bit of a disappointment, as it looks as if the drive is the only thing I can upgrade that is relevant. It must have been the Reizen board that had the two drive sockets. I'm not prepared to delve any further into the internals, as the machine is running well, and I doubt if there are any easy upgrades under there. So the modified plan is to remove the current drive and put it in a USB box so that I can get at any files that I may want. I can then replace it with a 4 Tb drive, and maybe I'll partition that for the blockchain and wallet files. I'll start a new thread on the hardware tech board when the drive arrives. It would probably be useful to make a YouTube video as well. Maybe that would give someone confidence to try their own upgrade.

Please don't quote posts by Franky in my threads. He's been trolling me for years, and I have him on permanent ignore. Just looking at his quoted posts illustrates the low value of his jealous and vitriolic comments. I have yet to see one of his posts that is based on rational and considered thought.

So onto happier topics. I appreciate that the notebook I want to use is of low(ish) spec by current standards, but I hoped that this thread could be helpful to newer Bitcoin enthusiasts, and they may have limited resources and finances. Of course I have Bitcoin in a variety of wallets, and I have run a node for a few years. I wanted to start completely from scratch by creating a new node by downloding the blockchain onto older machinery. I'm also doing it as a digital nomad without a fixed address.

It looks as if I was inaccurate in posting the specs of this Huawei Matebook. I've just been into the BIOS, and it reports the following.
cpu - i5 12450H
dimm - LPDDR$ 8192 Mb
sdd - 512GB

The hard drive is upgradeable, and I will need to check this when I get inside the machine. It's   running Windows 11 much to my  disgust, and this needs to be replaced by a Linux variant. I'm looking at some light versions including Manjaro and Zorin. Bodhi looks a bit unusual, and I wonder how it will cope with running a Bitcoin node.

It can't be helped; not all of us are destined to experience those opportunities, but that doesn't mean that you will stop or that it will hinder your investment or investing in bitcoin. As they say, there's no too late in investing in bitcoin, even if you missed a chance or opportunity, you still can have those things or you are the one that will make those opportunities. As bitcoin or crypto currency is volatile, there are no implications that it will be too late for you to invest because every day or every moment there are opened opportunities in the market. It will depend on how you see it and how you make those opportunities into profit. You just need to be resourceful and have patience with bitcoin because it will be a hardship to understand it or to be able to profit from it. Of course, you need a lot of things before you can start earning.

Wow.

I missed that 45% drop in Bitcoins price a couple of days ago. Who could have predicted that, and what was the cause. It shows that I should have had a couple of market maker trades on an exchange. I wouldn't have set it to more than 10% though. Maybe it is worth leaving a long term buy option at 75% of the current market price. I need to look for exchanges that will let me do that without excessive commission charges.

First of all, it's interesting to think that at the age you are now, it can be said that if God blessed you with a healthy body, in fact, I rarely see such a story here on the forum platform that has an interest in saving Bitcoin. at this time. And congratulations on that.

Now let's get back to what you're saying. I just noticed that the specs you're using are a bit low. Is that a laptop because it's only around 512 MB of RAM? I suggest you upgrade it to a higher OP. So that your storage is faster and doesn't fill up immediately. Also, from what I see, you are also a prudent and frugal person, in my opinion, and that is something that is interesting about the character you have now. I hope that, like you, I will also be given such a healthy body at the age you are now in the future. God bless you.

I'm a HODLer at heart, so I don't really take profits, except when I was scalping. When Bitcoin dropped below my purchase price, I moved it into a long term wallet, added funds to my account, and loked for a new buying opportunity. This is a bit of an eccentric method of scalping, and only works if you are sure the asset is going to increase in value long term. Also, it only works if you have some "play" money to use.

I really want Bitcoin to drop to £500, but that isn't going to happen. So my 5% or 10% idea is really a method of planning purchases. It doen't really have any scientific basis, but is a way to encourage me to move surplus savings/income into long term investments.

I didn't win with my Euro Millions ticket. I only got one star, and there are no prizes for that. I think I'm going to review this after 3 months, and may cancel this option.

I think that title only applies to you. Most elderly people don't understand about bitcoin. You are a different elderly person, you are cool because you have your own independence by living a nomadic life. You are not like other homeless people who have nothing but you have enough assets and being homeless is your choice and not circumstances that force you.

Regarding the trades you make, what will you do if Bitcoin continues to rise like the current situation? Do you always take 5%-10% profit when trading Bitcoin? because you are waiting for the price to drops by 5% or 10%

You speak about scalping and how the issue is that Coinbase has changed. But were you good at it? Because if you were then you should aim for it. Use a good exchange (maybe Binance, if the tax and regulations is any different from Coinbase) and continue scalping. If you’re good, you can set targets of making 5% - 10% of your money daily and I think that’s decent.

you have been active on this forum for years, through all the post ATH corrections('15,'18,'22) of previous ATH('17,'21).. speaking about your copper collection, but now you finally want to take a punt at bitcoin whilst its on a ATH and leading upto the next patterned superior ATH of 2025

seems you missed out on the best opportunities, once again

You can further upgrade that by not just using ToR but also using Arch Linux, then set up your own virtual machine which I think you can set in any of geo location so you're not that easily tracked, ToR is definitely a useful and @Jet Cash can probably benefit from having a device that he can connect to the Internet anytime anywhere and it's much safer, that's what I've heard Starlink does but I'm not sure there's others out there yet that does the same thing so considering that might be helpful.

To @Jet Cash, will you be planning to settle anytime soon? Or are you waiting for the market to crash so you can buy a property?

The title of the thread caught my attention and I was hoping to learn the relationship between Bitcoin and the homeless. Maybe this information could help me spread the news of Bitcoin to many people who have become homeless due to adverse economic conditions. It was indeed an enticing bait.

I will suggest you observe the Bitcoin market and buy when the price drops. This is because it might not be very easy for a digital nomad to engage in some activities like running a node. Relying on the internet from public WiFi and phones might not be reliable. Since you don't care about KYC Binance has shown to be one of the leading exchanges globally. But you could also search for others and determine how they operate in your location.

I have thought about becoming a digital nomad because of the effect of environmental pollution on my health. I have been advised to move to a coastal town or a rural area with less industrial activities. I have started reading about LoRaWAN from their website, maybe I have to start planning for my movement out of this polluted city.

Linux is not that hard to use, it is also graphical, and when I saw jetcash has a website and provides services of hosting etc. Which he did not mention it in his any of the posts on this thread, I guess there must be a reason. Well, he is not a noob, he must be a good techy guy who knows how to adopt new trends and learn new skills. The dude with such adaptive skills is just crazy. There was a time when I also adapted to new trends, but now I just don't want to.

Well, I did read some posts of jet cash, the one about octogenarians, egg shortage, etc. He is not very active I guess. But I can add to his points that BTC is the most beneficial investment I have found till now. You should not idle your money (paper money/local) Instead invest in something that can be used to store money's value. And BTC is the most easiest way, we also don't have ATMs in our country but we do P2P so I think you don't worry about that, as things can be done without BTC ATMs.

If you want to make a living with BTC, then by running a node, and becoming a validator, how can you make money? You have to be a miner and with the specs you have share I don't think you can mine BTC. I might not get your point here, but with all that laptop specs, and ram etc. AFAIK validators only earn from fee, please correct me if I am wrong. Is that what you want to be?

512 MB ram is very low as compare to today's standards but if it's working smoothly then there's no need to upgrade it. A fast SSD would be sufficient enough to add some fast virtual memory that may help in increasing the response rate of the system with that 512 MB ram. Going with i7 isn't recommended at all, and I would suggest you to go with 4 TB SDD instead of 2 TB one.

As you know the system has limited physical ram and that's why it needs sufficient virtual ram in order to operate in best speeds possible, that's why try to increase the amount of virtual ram to 16 GB or more. Other then those I believe your system is more then enough to run a node for many years.

There are a few constraints.
- There are no Bitcoin ATMs in the UK. I understand that in 2022, the FCA banned them all.
- The RAM in the Matebook is hard soldered onto the motherboard, so it can't be upgraded. I'll have a look inside to see what upgrades are viable. I read somewhere that the i5 could be replaced by an i7, but that seems unlikely to me, and may not be worth the efford. I'll be really pleased if I can fit 2 drives, but it looks as if I can fit a  Crucial | Model: CT4000P3PSSD8 which is 4Tb. That should be enought to run a node for a while. I want to keep the drive internal to reduce the power requirement, and for speed.
- The Euro Lottery tickets are probably going to be stupid loss makers, and I don't recommend those.
- The premium bonds were purchased as emergency savings. I chose over £3,000, as that seemed to be a sweet  spot for winnings, but statistically it shouldn't make a difference. I guess this is my relationship with Lady Luck from my card playing days that is showuing through.
- The monthly saving is as much to encourage me to dispose of all the redundant assets that I have in storage, and will probably never need.

I have a clearing account ( checking account ), and an instant access savings account, and a credit card. All these are used for daily living, and to smooth out my expenditure. I have no debts. I would encourage anyone to have these resources before they commence any of my new savings plans.

I have read all the writings you have given me and came up with some suggestions for you, since you are familiar with Bitcoin and know a lot about Bitcoin, why are you keeping money in the bank instead of Bitcoin? You are a healthy person of 81 years old and you can definitely do a good business or Bitcoin investment or trading if you want. Currently there is inflation in different countries if there is inflation in your country there is no benefit to keep money in bank so i can say for you you can invest or trade in bitcoin as you are experienced about bitcoin. If you invest or trade your money in bitcoins I think you can earn much more by investing or trading bitcoins than by keeping money in the bank. Because right now you might have watched the market, you might have found out for yourself how successful you would have been with Bitcoin.

Also one more tip I want to give you is that since you are a legend in bitcoin forum you can still earn $70 to $100 a week by entering a good campaign if you want. You will be much better off if you keep this legendary account active rather than retired. You may take my advice into consideration and I wish you good health to God that you may walk in good health.

You're most welcome, in fact it's my pleasure to comment on this thread. Yes, buying and HODLING is going to be a good approach in current market conditions. There is a chance that Bitcoin may reach $100k or more within two years, and if you follow that HODLING approach then you will have good profits when it reaches or crosses $100k value. Dip buying can also be useful and I'm sure you'll buy when you see a dip because you stated in your OP that you'll purchase Bitcoin when it drops 5% to 10%, and I'm sure you're into that dip buying approach as well.

I'm not sure if Volvo redblock lovers agree to purchase that those engines with Bitcoin, and I also believe that you can easily get a grand at least by flipping one of those, but I don't think that there will be many classic Volvo buyers who might pay you with Bitcoin. Cash payment could be a good option if it's not restricted. You should ask those classic Volvo buyers to send you the payment in Bitcoin. You may convince them that if they pay with Bitcoin then you will give them discount of 2-4%, however if they pay with cash then there will not be any discount.

while cash payment is still not restricted i guess it's to be taken advantage of right now. sell the other 2.  

moving off-grid is a bit harsh for someone who has been on the internet half their life where everyone they knew is just right there.  if by any chance they could still access the internet, solar panels would be important you don't have to visit a cafe. for the 10% drop, a purchase on ATM machine might be an option if you want to avoid coinbase.

Cheeky thing.

What has age go to do with using Linux? I've got Ubuntu on the netbook, and I find it easier toi use than Windows. Sometimes it takes me half a day to find out how to modify Windows, and then it changes it back next time it does a forced update. It usually time its update to concide with a time that I'm not plugged into mains electricity, and I'm in a hurry. I don't want the crappy Windows updates that just restrict me and slow down the computer. I'm toying with the idea of using Kali, but I haven't done any recent investigations into Linux distros.

@Hatchy
Thanks for the kind words. I sold my shares quite a few years ago, and switched into property. That cost me a lot of money, as it was linked to a failed relationship.