Bitcoin Forum

Greetings all

So I have been on a hiatus from the whole crypto game for +3years (Other real life obligations, market crashing without me getting out, etc).
However it seems to be more relevant than ever to come back, especially after this whole Corona business and the money printers going wild. I think
an alternative is more relevant than ever.

It's obviously basically a full time job to keep up with this market.

So for now my Portfolio is doing alright, but what big news/adoption cycle stuff did i miss?

Is Hardware wallet + Google auth still sufficent for security?

I hear that you can make passive income staking via this new Defi thing - Anything more i should know there?

What is the new hot coin to hodl?

Any help is much appreciated in advance.

Paypal accepting rumor is the biggest news in cryptos for now.

May not be, but that is the best of all we have.

Staking is risky, holding cryptos itself will give returns.

Bitcoin is always the best coin to hold.

Hardware wallets and 2FA security still works as intended, no problem unless hackers get a hold of you or your wallet , DeFi projects are bringing back ICO memories again, feels like DeFi will be huge just like ICO was in 2017, you need to do research on your own to find the best DeFi projects, they aren't many yet and please don't ask people which coins to hold, that's something you need to figure out yourself, welcome back

Yes you need authy etc to secure yourself, the more the better. Regarding Defi projects or staking i do not think they are giving back good returns i know real businesses generate low profits but still the profit needs to be consistent and regular, also you take the risk because none of these platforms is registered with any financial authority.

Appreciate it, anyone can tell me abit more about Defi?

At present the crypto market is irrelevant to 3 years before, recently there has been a lot of madness in the crypto market, ranging from a significant fall in coin prices, new useless alcoins, fraudulent projects that are still rampant, and many other negative things. about crypto. I can't mention everything, but I wish you the best in the cryptoqurrency industry.

Decentralized finance—often called DeFi or open finance—refers to the economic paradigm shift enabled by decentralized technologies, particularly blockchain networks. From peer-to-peer payment systems to automated loans to USD-pegged stablecoins, DeFi has emerged as one of the most active sectors in the blockchain space, with a range of use cases for developers, individuals, and institutions.


More info: https://consensys.net/blockchain-use-cases/decentralized-finance/#:~:text=Decentralized%20finance%E2%80%94often%20called%20DeFi,decentralized%20technologies%2C%20particularly%20blockchain%20networks.

Hardware wallets are still secure, but do more research on how to secure it further.
Not really sure what Defi is. Couldn't find the ANN thread over here. So be extra careful when trying to invest or anything on defi.
Hot coin to hodl? Bitcoin. Don't expect unbiased answers on this one.

Welcome back... About adoption, the crypto space is still on the verge of that owing to the way scam projects are just popping up everywhere thus slowing down everything. Also, yes, Hardware wallet is still pretty much sufficient for security or rather probably the best in terms of security, in addition to that, Google Auth is still okay but nowadays it seems Authy authenticator is the best owing to the fact all keys can be backed up successfully. In the case of DeFi, well that's the new hype now and many attractive things are being said about it but however it would be better making more research about the staking system. The hot coin to hold? This is a tough question considering the rampant emergence of new altcoins, thus I still believe either BTC or ETH is the best choice.

You are interested about defi and staking as passive income? Here's my tip:

Although, it may sound interesting but its risky, in fact this stuff is prone to any hacks/attacks as this is still the (passive income) frenzy right now.

This is simply because of its attractive money making scheme like staking, earning interest or shall we say,  earning crypto while literally doing nothing; but, instead you put trust on your money to certain defi administrator to handle your funds. Which in fact good, if you have extra money for such endeavor.

A piece of advise, you can have invest, borrow, stake, and etc on every defi business. This is purely to proved that cryptocurrency can function the same way as traditional financial business did. However, we cannot prove it yet since it is still infant. It will make sense if it will come to a time of its pre maturity. So, right now, research, managed risk  and observed crypto economics in macro way.

In the end, what always matter is your decision. So good luck mate.

Welcome back, good timing to be back as the market is still in the so-so swing, and you can still invest around as most of the alts are still way below their all time high, so there's is a possibility that you can still profit once we hit that bull run again. Hardware wallet like Trezor and Ledger are still the best as far as security, but you have to be very careful because they have been targeted by a lot of cyber criminals, pretending to be the real and legit Trezor and Ledger, specially fake websites and fake google play store apps.

You can read all about Ethereum staking here: https://cointelegraph.com/explained/ethereum-20-staking-explained

Of course, the top 10 altcoins are still good to hold. So best of luck.

Google auth is still widely used by others to maintain the security of important accounts, and I also still use it in my asset storage account, for investment I don't know what Defi is, but it's better to invest in well-known coins, keep investing in top bitcoin and altcoin

Yes, this is suffice and can remove your worries if you want a safe storage for your cryptos.
On hardware wallet like Ledger Nano X, you can stake the supported coins that they have. You don't have to through with any DeFi.
Never gets old, bitcoin.

The news is we are still at the pandemic, but the adoption still on good progress.

The wallet + Google auth will still help you to protect your wallet. As long as you don't tell other people, you are safe.

You need to search for more info about Defi, so you can know what you need to do. You can invest if you are interested in the project, but be careful and don't use too big money.

I don't think that the new coin will be good to hold because they need to compete with the other coin, which already gets the support from the traders and the people.

actually so far there hasn't been a significant change, the crypto value is not really up or not really down. all are stable and some developments in the crypto space are also common, which have a significant effect on the market. in my opinion this is a record where the crypto market has not moved for more than 4 months. my advice for the current situation is to keep holding coins that you have, and for the addition of your portfolio, maybe bitcoin is still a good choice.

It's that this corona virus really put emphasised on cashless payment, that's why crypto is somewhat become more relevant.


If you are a trader, yes, this could be a full time job, but at least you have total control of your time.


Adoption is far, in my opinion, because of crypto's volatility, but I do hope that in the next 5 years we will get there.


Yes.


Yes, this staking and Defi thingy is taking alt coin market by storm, but definitely there are risk involved. Bitcoin, Etereum, XRP, BNB are just few coins that is very good to buy and hold.

Yep! 2Fa should be enough I think. DeFi is the hot topic in crypto right now almost all DeFi is pumping. Also, the binance chain is soon upgrading its network you can read more about it here. Also binance tied up with swipe to release cards.

https://community.binance.org/topic/2890/binance-chain-mainnet-nightingale-upgrade-announcement

There's a lot of good news in the market right now, you can search on it online if you want to read the full information.

Therefore if you are investing more now, it's gonna be a good move or just hold more since the market will have its time to again explode, I just don't expect this year since the pandemic is crushing every countries economy and we need investors to create demand which would not happen under the current situation.

Hardware wallets are fine but make sure the one you pick is (at least mostly) open source and hasn't had any vulns in the update you're running.

As of Google Auth...
The app Google has isn't the best. First of all it keeps no backups and has no password to get inside it. I would recommend you try and download an open-source equivalent from the FOSS android marketplace, "f-droid (https://f-droid.org)".  Go there and download andOTP. It makes it easy for you to migrate to a new device without having to go to every service to change 2fa, and also has a password to enter.

The latest feature is especially important because android OS password are especially focused on and oftentimes there are discovered ways to bypass them or crack them. So you shouldn't rely on that measure alone if your phone gets stolen.

Keep holding your assets if you really trust the developers, if you see future success from the team who are  developing the project
then there's no need to worry while holding the coins.

Unless, you are not really into longer term of investment then you can play with the volatility of this market.
There are many ways to succeed while you are dealing with this kind of business, learning the timing and
knowing the right coin to invest your money is very important.

some people still use the old way of investing and others trading.
I don't know much about Defi but it looks like it will become popular later because many projects use Defi for its development.
buying and selling remains the first choice in any market conditions.

If you still know the correct way to protect your assets, you should pay more attention to reliable storage devices. I also think that you are back in time. You can invest in the bitcoin currency, as it is the best because it succeeds in many tests. You can also search in alternative currencies classified in the first ranks.
The world is still under the influence of the epidemic, so a market will explode at any moment after life returns to normal.

Even today (just like three years ago) having a basket of things is really the most important thing in crypto. If you want to build a portfolio and you want to make it a bit more respectable and not risky, you could always pick coins like bitcoin, ethereum, litecoin, eos, and have a bit of usdt just in case as well. That way you will have a good portfolio and you will still gain money.

If you insist on a staking coin, I would suggest searching on google staking coin lists and you can find websites with bunch of lists showing how much they give and how much you could make but do not forget that while you are staking the price of it could fall as well so all of your staking profit could go down. There is really not that many other new things going on I am afraid in the crypto world.