I hope nothing happens to binance too and I believe nothing will happen but it's better safe than sorry. I don't know why people don't learn. People always have the "it won't happen to me" attitude till it happens.
If anything happens to binance the whole industry will feel it and  will be worst than the FTX saga.

People all have their reasons for doing whatever they do. You can't tell somebody that makes so little and has a family to take care of to abandon his family and take a risk in an investment and expect him to just jump right into it.
For someone to invest, especially someone with lots of responsibilities, they have to have money to take care of their responsibilities first.
From my experience in life, I'm very skeptical of anything that comes freely or things that are too good to be true. When you're easily enticed be these things you'll easily run into scams.

Believe system of people is also a hindrance. So if you want to persuade someone to take financial risk, the believe of that person has to change. This does not only apply to poor people.

Poverty on its own is relative. There are people that do not share the same ambition as you. They're okay where they are, even if they can go further. Money may mean to world to you but to others, not so much, not because they have an abundance of it but because they see life differently, and that's okay.

This is easier said than done. It also depends on where you live. The cost of living of where you are may be high, but if it's relatively low and $3k after tax, that should be a lot. Still, you'll still need a lot of discipline to save. The more money you make, the more responsibilities. It all depends on a lot of things really.

I got on the forum before I knew about signature campaign and merit system. As much as I want my merit to increase, I came here to learn about bitcoin. I didn't know what the forum entails before I joined, I thought it's just a place to learn and talk about bitcoin. It was after I joined and I started reading and that's when I got to understand the forum. As a matter of fact I'm still getting to know about the whole forum. So I'll say my "immune booster " is first my curiosity before the things you mentioned because it was out of curiosity I registered to this forum.

I really can't picture how this war is going to end and when but it needs to end soon. It has gone on long enough. It's unfair to the soldiers and civilians. Before the war, Putin said there will be no winners in this war. They all know there will be no winners but they keep on fighting. It's insane. I'm not an expert in international politics but if they way to resolve an issue is by killing thousands and tens of thousands then there is definitely a better way. It's just not right at all.

According to finbold, Apple, Microsoft, Amazon, Tesla and Alphabet companies have lost a combined total of $3.4 trillion this year alone. These stats are only relevant to this post because I just want to use it to show that losses cannot be eliminated entirely.

While losses cannot be totally eliminated, it can be controlled and as well avoided to an extent. As a crypto trader one thing you should not do is leave your funds in exchanges. This cannot be emphasized enough. The least you can do is keep your coins in a decentralized wallet. The best is making use of an offline wallet.

There are common guidelines that are mostly overlooked but can be very beneficial if you adhere to them

Only invest what you can afford to lose
This saying is very common among gamblers. While investing and gambling have differences they also have similarities and this is one of them. It's too risky and even foolish to take your whole fortune into an investment when you know fully well you have nothing to fall back on.

Invest in Cryptocurrencies with long term potential.
Carry out thorough research of the project you are about to invest in. Do the work yourself too, don't just rely on speculations of other people because at the end of the day everybody will say what they think is right.

Try to have emergency funds
Emergency funds are funds kept somewhere else so you can fall back to them in case everything else fails.  Like i said earlier, losses cannot be 100% eliminated so having an emergency fund is like having an insurance and it should be able to take care of you for like 3-6 months till you get back on your feet

Diversify your investment
I know some crypto enthusiasts will say most of your money and investment should be in crypto because crypto is the future ( well I believe crypto is not just the future but the present) but I am not of that school of thought. There are other things that are what investing it aside crypto. Among all the investments available today, crypto is on the list of the most volatile. While this can lead to heavy profit, it can also lead to heavy losses.

Do not use Leverages (Especially for those new to trading)
Leverage are borrowed money which you would payback with a fee after investing with it. This is one major reason a lot of traders go under and are drowning in debt. Despite the relatively huge profit that can come from it, I don't think it is worth the risk.
Read more about leverage here.
https://b2broker.com/news/what-is-leverage-trading-in-crypto/#:~:text=in%20an%20example.-,What%20Is%20Leverage%20In%20Crypto%20Trading%3F,100%20times%20their%20account%20balance.



Trading in the crypto market when everything is flourishing and the charts keep going up is easy. The trouble comes when the market takes a downturn, that's when it gets frustrating. It gets worse if the market keeps going down for a prolonged period. There are a couple of things a trader can do in a bear market to try and get some good out of a bad situation (afterall, if life gives you lemon, make it lemonade)

Buy the dip
A bear market is the best time to buy the dip. It is when you can buy different coins at relatively lower prices. This doesn't mean you can buy any coin available. No, don't do that. Like it's been said earlier, invest in cryptocurrencies with long term potential and also coins that have potentials of going up again.

Now you should use the “dollar-cost average” (DCA) strategy to invest. DCA is initially investing a certain amount of money in a predefined asset and at predefined intervals. Instead of taking your money and investing in a project one time, you divide it into smaller sums that can be invested at different intervals.

For example, If you have $5000 dollars to invest in a particular coin, you can divide it into five and invest $1000 periodically or divide it into ten and invest $500 intermittently.
You can read more on dollar-cost averaging here
https://cointelegraph.com/news/what-is-dollar-cost-averaging-dca-and-how-does-it-work


Your investment should go to different crypto assets.
We talked about diversity in your investment previously. Now the part of your investment on crypto should also be diversified. Don't just stick to one coin.

Do not panic
Keep a cool head (this is easier said than done). It may sound simple but its one of the most difficult things to do in a bear market. When you panic in these situations, you make poor decisions and make more losses. The crypto space of social media are with FUD so be mindful of what you take in.


https://www.cryptotradingbook.com/how-to-avoid-losing-money-in-crypto/

https://bitpay.com/blog/crypto-bear-market-strategies/

CZ should take care of business,  now that its closest competitor FTX is out of the business Binance is an industry giant and they have proven its role in the industry, every time the market is suffering especially during the pandemic but it's still the right decision not to store your coins to any exchange and that includes Binance, the market is highly volatile and there's uncertainty in the market even if CZ is preaching SAFU we can never be sure, the only thing sure is when you have your coins in your wallet and you secured your private keys.
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Part of me is happy about Binance been in the "too big to fail" level and part of me is worried. Binance have become such a major player in the crypto space that if anything negative should happen to it, it would affect the whole industry. That thought scares me because even if majority of the people take their coins out and leave only what they use for trading, the industry would still be taken backward by at least 10 years if Binance should crash. I really, really hope that day never comes.

To an extent you can't blame them. So many things have been happening lately and not everybody is able to analyze a situation like you. For a person that does not know how to analyze the situation or keep a cool head they'll definitely panic.
The thing about social media is, everybody is just voicing their opinion while some are just tying to appear smarter than the rest. This leads to so many wrong information most of the time. There this herd mentality about social media and that's why I don't take it too seriously.

At the moment I can't vouch for any exchange to be safe even if there are any. It's too risky leaving your funds in exchanges but I do believe in future exchanges would be trusted and they would keep people's coins safe. I do not know when, I do not know if it would even be in this life time but I believe it will happen.
Take the banks for example, they first started like this. Going insolvent and losing people's money. As time went on they evolved and things change. In today's world I've never heard of somebody that lost his money because the bank crashed or was hacked. Regulations have been made to prevent things like this from happen and the customer interest have also been protected should anything happening.

I believe this is the beginning stage of crypto exchanges. These are the baby steps. These are the things that happen that make them learn and evolve and become better. It's how the history and evolution of man works. So I really believe if crypto doesn't die in future (which I know it won't) exchanges would play a big part in it.

I think you're one of those that just prefers what you can see. You're limited that way. None of them is bs. They're all investment. So if you choose one over the other it doesn't mean the others a bs. Have an open mind to things that's the only way you can learn about things you don't understand.

You can get get a power bank. There are very good powerbanks that has up to 4000mAh. It's can charge your phone to 100% multiple times. This can help you keep your mobile phone operational at all times.
Here's a link to the picture of a very good type of powerbank.

This is what scares me the most. If the government really wants to attack crypto what better way to do it than attack Binance? They know the damage a collapsed Binance will do to the industry. This strategy won't end crypto quite alright but it would be so damaging that the level of trust people have about crypto will drop drastically and it would take the industry years to recover, giving them (the government) to work on more ways to regulate the industry.

$1.9 billion have been reportedly withdrawn from binance in the past 24 hours. This may be just be FUD and nothing is actually going to happen but we all know no matter the times we're in it's never advisable to keep your money in exchanges. I've seen this warning so much you'll think everybody knows this by now.
Please take you money off exchanges, not just binance. 

https://www.reuters.com/technology/binance-sees-withdrawals-19-billion-last-24-hours-data-firm-nansen-says-2022-12-13/?utm_source=reddit.com

They should definitely do that but I don't think it's going to happen anytime soon. Most of theses government are not even in favour of BTC. How would they? It's something they're not in control of. So it's left to us that are in the system to educate others about it.

As for cryptocurrency becoming accepted for payment globally, it's going to take a lot of time for that to happen. It's not stable and too volatile. Maybe more and more companies and people will recognize it but it won't be official.  Things that happened this year alone are a major setback.

The Nobel price is awarded to six fields; physics, chemistry, physiology, medicine, literature, and peace. I don't think bitcoin falls under any of these fields (I stand to be corrected).
That aside, Satoshi stayed anonymous for reasons like this. He probably doesn't want the implications that comes with it.
A criteria for the Nobel price is that the person receiving has to be alive. So since nobody knows the identity or identities of Satoshi how do we even know if he/they are still alive?

I don't also believe bitcoin is the most significant development in the 21st century. There are inventions like the mobile operating system. I also think blockchain is a more significant invention than bitcoin. If a Nobel prize is to be given it should be for blockchain and but then again, the idea of blockchain have always been present since 1982 first introduced by David Chaum. The first decentralized blockchain was created and used by Satoshi Nakamoto (who can be one person or a group of people) and that is what I believe deserves a Nobel prize ahead of bitcoin because an invention has to be acceptable by scientist as been able to pass the test of time. Sadly bitcoin has not done this but blockchain has.  

I can imagine crypto related World Cup sponsor giving reward to someone in bitcoin though, for example to a winner of Golden Boot. That would be a nice bitcoin promotion.
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Yea, this would be wonderful.
It would also be nice if these crypto sponsors pay people they sign deals with in Bitcoin (if they don't already do so already). Binance could pay Ronaldo in Bitcoin and Crypto.com could pay Lebron James in btc too.

I don't know how possible this is or if the players would even agree to it but it would create recognition to bitcoin because these players have large amount of followers and would create more trust in bitcoin if people know they are into it as well.

According to “All Football”  every team that participates in this year's FIFA world cup gets nine million dollars with the winner of the tournament going home with forty two million dollars. Here is a breakdown of the prize money in US dollars
Group stage - 9 million
Round of !6 - 13 million
Quarter final - 17 million
Fourth place - 25 million
Third place - 27 million
Second place - 30 million
Winner - 42 million.

When I looked at these numbers it got me thinking about how much awareness it would create for bitcoin if this money was paid in bitcoin to these teams. Would we ever live in that kind of world?

As a freelancer that just got a digital skill like digital marketing, copywriting, project management, graphics design, content marketing etc with no real experience how do you get jobs. Nobody or if any, very few people entrust their work to a rookie with no experience whatsoever. The only way one can be a pro at a skill he just learnt is by doing the work consistently for a while.

So to people here who are successful freelancer today, how did you do it? How were you able to get gigs when you were new to the field? I know what worked for Mr A may not necessarily work for Mr B but I'd really appreciate your insight. 

signature maker gif

I didn't know how to post an image at the time. I went through the thread and I saw a link you drop about how to post an image.

It is always advisable to invest (wisely of course) than keeping a huge sum of money in the bank. Investment is always a risk so you have to follow the "risk-reward" principle. Is the reward worth the risk? If the answer is no then there's no point, if the answer is yes then you can go on to ask other questions.

The relatively safer option from your scenario would be to keep the money in the bank since you're guaranteed an interest rate of 3% but even this is also an investment so there is still the risk of depreciation of the currency, inflation etc. and all these can also affect that money in the bank. Now lets assume all other factors are constant and nothing happens to the money in the bank, you'll make more than what the bank gives you at the end of the year if you invest in bitcoin (with way more risk of course). "Fortune favors the brave". Its  a risk that's worth taking especially now that the price of bitcoin is relatively low. It wont be advisable to put all of the $100,000 into bitcoin though.