It is not too good to switch wallet because you might mistaken on the seed phrase. Switching to a newly launched crypto wallet is not good even though it is an open source. Because you don't know or in what format the open source software was created. Scammers are also advancing everyday. Even TRUST WALLET is not trusted, the only wallet that love most for now but s Electrum. I would have used Wasabi or Bisq and I have tried my best to install them in my PC but all is vain. If you want to use newly launched wallet, don't rush and wait for the proper review of the wallet before using it.
Trust wallet might not be trusted like you said but I've never for once see anyone losing all their assets on Trust wallet, the reviews are very good so far, unlike Coinomi wallet and free wallet that has so many negative ratings and reviews online, still I believe that hardware wallets are the safest and trust wallet is best hot wallet for altcoins, Electrum wallet is the best for Bitcoin wallet on the smartphone.
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If someone is not a financial advisor and still go live on Youtube or Twitch to talk about how they make money investing in a project or two what does that make them?
Aren't they supposed to keep their financial advice to themselves if they don't want to be a financial advisor? Yeah, I think the perfect way to stay away from been a financial advisor is to keep your ideas to yourself, don't say a word about it.
Oh, I almost forget, it pays to be a YouTuber, you need a niche to talk about per se, and it's very easy to talk about a project even if they are going to ruin your life, the secret behind this people is you, the only ways crypto YouTuber makes money is shilling their crypto bags and waiting for new buyers, it's two ways to make money for them, YOUTUBE and CRYPTO BAG..
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They are risky that's why I don't like using them, since you can install add-ons on your browsers anything can happen, I have once lost a lot using plugin crypto wallet on my PC before, the ways to get compromise is higher than just running a PC wallet software on your PC, I don't think a day will come where I will use add -on or browser wallets.
Hardware wallet forever
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What do you mean by "don't worry you will find a good exchange"? Do you know how many scam exchanges are out there? If a newbie follow your advice they will just look for any random crypto exchange to use and they will end up losing money, you need to give them options of safe exchanges they can use, this is a bad post point OP.
You need to work on yourself, learn to create better topics and go into details, if you don't know what to talk about it's better to comment on ongoing discussions.
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Do not give financial advise to other people, because they will put the blame on you, when they lose money. It's great that you are spreading the word about Bitcoin. Good Job, OP. If I was on your place, I would just explain the basic principles and the core concept of Bitcoin and blockchain technology. I wouldn't tell the noobs when to buy and when to sell. Nobody can predict the market, even the best crypto traders are failing sometimes. Knowing Bitcoin is one thing, learning and practicing crypto trading is a different thing. By the way, I don't think that the main reason for the small price growth from 16K to 23K is the Chinese New Year. Wasn't Bitcoin banned in China?
Giving people financial advise is what I hate the most, trust me, I have been there and I've seem how ugly things could get, the hate you can easily get when things go wrong, but the people that invested base on my advice are those that already understand the risk involved, they are on their own if anything happens. Buying low is the key, that's all I give them as advice, follow by, invest with little amount that won't hurt even if it failed to go your way
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I wish there is a way that I can show families on here how successful I have bring numbers of people into Bitcoin between 2021 - 2023, it's been so great and I am very happy about it, I have fresh newbies at hand right now, two of them are from the same university 🎓, I have spent 6 weeks with them teaching and answering questions about Bitcoin and wallets, now they decide to purchase their first set of Bitcoin.
Here is where I am confused, the present value of Bitcoin is growing, some said it's because of the Chinese New year Holiday aka Year of the Rabbit, since I got mine at 17,000 and 15,000 I feel it's wrong to tell these newbies to buy at 23,000$
Have I done the right thing by telling them to wait for some correction before buying or you famz have a better idea? Because right now I don't see anything thing better than to wait, double bottom is always possible with Bitcoin in bear markets.
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My Countdown to Full Member Rank Number of Merit(s) left: 17
My Countdown to Full Member Rank Number of Merit(s) left: 13 My Countdown to Full Member Rank Number of Merit(s) left: 3Thank you all for your support towards my ranking up till the stage am currently in, i just have three (3) more Merits to go for my new rank. Congrats, you are now a Full member, do not forget to lift others up as well.
Hi there all My Countdown to Full Member Rank Number of Merit(s) left: 24Edit: 20 merits left now. Thanks ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Hi guys. Now i needed 14 Merits. This post reminder thanks a lot ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Hey! Looks like you reach it soon. My Countdown to senior Hero Rank Number of Merit(s) left: 60 ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) I appreciate your generosity for adding up to my merit to make more easier for me to reach my next rank. This is the most active merit thread presently I know of in the forum. I will do my best to upgrade the quality of my post so that I can rank up ASAP
56 merits count down
Long way, like a mine ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I hope you get to Hero rank soon, sorry 3 merits is all I can spare as there are few others on the queue too. [moderator's note: consecutive posts merged]
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People losing their assets and funds to centralized platforms due to selfish reasons or lack of good security isn't helping crypto space in any way, do not store your funds on centralised exchanges either big or small, it's as simple as this, centralised exchanges are good for crypto trading but when it comes to security of funds they are weak and unreliable, centralized exchanges have caused too much problem in this space already, I only keep using Binance exchange because they have emergency funds for reimbursement if anything goes wrong but, still I don't recommend trust them because of this.
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Only countries where crypto is banned are not going to require tax payment from their citizens, in my own country I believe the reason why the crypto ban was lifted is because of the benefits of tax payment that comes with it, government do not joke with tax payment and it is important to them than regulations, my advice to you OP is, do not try to evade tax payment because you won't like the consequences.
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Is 110TH enough to gamble with Bitcoin solo mining? If you can solve a Bitcoin block in 4-7 years do you think it's worth the hassle? What can 110TB do to make this possible? I have free electricity I just want to embark on this try-your-luck journey, do you think it's worth it? I am not in haste and I am ready to just plug the ASIC miner and move on, I have other business that fetches me good money so..
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Why would you want to use 2FA authentication on a PC? We use that one smartphone to keep our friends away or to keep unauthorized person from operating our phones, but with a PC you just have to use a strong password, I have to warn you, do not use any crypto wallets that use email and password for login, they are not self custodial wallets e.g freewallet. All you have to worry about is keeping your private keys safe and using a strong password on your PC will keep people away.
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Boss Hhampuz today is a happy day, I am no more a full member, I am now a Senior Member, It was a dream some time ago and now its a possibility, please 🙏 do make a Sr member slot for me when available, either ways I will upgrade my signature ASAP. Thank You Outhue
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There is nothing to compete about here, CBDC is going to be the digital stable FIAT, why compare this with something that's comparable to GOLD? Also Bitcoin is volatile which creates opportunities for newcomers and also keeps the balance in different cycles. Do not expect too much of CBDC because it's just going to be like USDC.
CBDC will support crypto for sure though.
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I have successful stories of people around me that are now crypto guru, it's been a long time coming and I feel happy that they are now even better than me who teach them almost everything about Bitcoin and crypto in general but..
There are some people like six of them who are troublesome to me, they don't want to learn but they like the success stories surrounding crypto investment, not sure about the risk side, the funny thing is they want me to help them invest and choose coins for them, to me this is like breaking the rules of crypto investment, meaning they have no knowledge about what they are investing money on.
Even if they invest what they are ready to lose it still makes no sense, no one can run crypto investment for you while you know nothing about the tech, I told them this but they believe I intentionally do not want help them. In this case they are the only ones that can help themselves.
If you are in same position like me, no matter how much you like someone or want the best for them do not help them to invest in crypto, they are lazy asses who can't get anything done on their own, and this type of game I don't play it because, in the end, you will become their enemy. It's already happening and I just ignored them. Is anyone seeing the same thing in their city or country?
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I heard it's not easy to run a licensed casino either online or offline, if you like yourself do not build a gambling haven without getting the licensed, you will be nailed so hard you will start regretting it, I believe that casinos do not need to reveal their identity because of the business they are running, if you can think about it very well they are very vulnerable to differs types of crimes if their identity is revealed.
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You only look on the FTX collapse while you're not paying attention to other more important case e.g. Lukedashjr aka Bitcoin Core's developer hardware wallet got hacked and Joe Grand aka Kingpin which can hack a hardware wallet. Most users and early holders always recommend to use hardware wallet to hold large amount of Bitcoin, with the previous 2 cases before, can an Average Joe still think hardware wallet is still the most safest place? I guess they're think hardware isn't completely safe too.
Don't forget the last year there are not really have many bad news about Bitcoin, there are still have a good news but it doesn't make Bitcoin price increase.
I read about how the bitcoin core developer lost his assets to a hack but do you believe that the loss of funds is not his fault? I do not believe this because mistakes don't care if you are a core developer or even a president of a country, you can still make mistakes, I still believe that his incident is one out of a million because I have not heard about someone losing fund using a hardware wallet, he his the first, which make me believe that he messed up somehow.
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It's been many years since I have started investing in crypto and I have never seen anyone losing their coins to scammers and later recover the coins through a platform or someone who is tech savvy helping them out, once you lost your coins it is gone forever, all that is let is to simply move on, if anyone contact you and claim they can help its another scam again.
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My Countdown to Hero Member Rank Number of Merit(s) left: 82
I've sent you 2merits, I hope you rank up to Hero member soon and please do not hesitate to help others rank up as well, all the best.
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It seems that people are now getting used to Bitcoin market behaviour, now people are understanding that Bitcoin cycle is 4 years. Imagine if the FTX collapse happen in 2017, I believe the impact will be more drastical compare to today, now I can boldly say that Bitcoin has now recovered all it's losses since the FTX collapsed, is this safe to say?
I never expected the fast recovery that's why I said the world is finally understanding why Bitcoin is a necessity in every one's life, am I saying too much? Or you think I am right?
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There is something about me that I don't get, whenever I borrow money or take a loan for something it always end up being a waste of time, when I discussed this with my parents they told me they noticed the same thing about themselves, things works better for me when I use my own hard earned money to invest or start a business, I don't know if this has something to do with the spiritual side of human or it's just luck. This is why I don't borrow or take loan for anything.
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