After reading the pros and contras I tend to believe that non custodials are wisest in safeguarding.
As long as you know how to restore them.
It should be simple enough as long as you can read basic computer-related instructions. And if you understand Bitcoin and/or cryptocurrencies enough to actually risk some of your money, you should be able to easily know how to restore a wallet backup. |
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While it'll mostly be yes, an asset investment being "risky" is totally subjective.
Bitcoin for people in the US(and other economically healthy countries) in the past years could arguably be called "risky" — but on the other hand, you could arguably say that it's far "safer" for people in countries where their local currencies got wrecked big time(e.g. Venezuela).
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Sure — but what's the big deal? I can also call myself an Apple investor by owning a fraction of Apple stock and I can also say I'm an investor in the top 500 US companies by holding an S&P500 ETF.
Good for you for owning some BTC though.
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Not sure how good/bad it is right now, but HodlHodl has worked well for me in the past with the few times I've used it. As for a P2P exchange with the best liquidity, it's unfortunately Binance P2P which requires AML/KYC.
Would've recommended LocalCryptos, but they got borked real bad lol.
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It sort of goes against what Bitcoin is about to have so many coins centralized in one entity. At some point Microstrategy will be doing more harm than good and I think we’re nearing that point.
It's definitely not preferable, but that's simply how free markets work — larger entities will be able to stock up on far more bitcoin simply because of the capital advantage. But in the end — regardless what they'll end up doing to their BTC, it is what it is. Anyone is free to purchase and dump bitcoin as much as they want. |
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This is a great story. I’ve been certain that Apple has been accumulating Bitcoin for some time now (at least 5 years) after having discussions with one of their highest level executives. This is the first time I’ve seen any evidence of them beginning to show support for it. I guess that means they’re close to done filling their bags. I expect to see a LOT more support for Bitcoin from Apple in the future.
I've they've been accumulating Bitcoin, then they should've disclosed it already in any of their quarterly/annual results papers. Let's not forget that Apple is a public company and is required by law to disclose their finances. |
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Why are you trying to time bottoms in the first place? Thinking you can time exact bottoms is unrealistic as hell — heck, even the very best investors don't try to time bottoms. Bullish on bitcoin or any other investment asset for the long-term? Go buy — either through lump sum or DCA. You don't really need to over-complicate it.
As for altcoins — if you don't want to do your own research, then stay away from it entirely.
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actually deleted my previous reply in this thread lmaoooo
Current number of post (Including this one): 16046
Rank: Legendary
bech32 address: bc1q0349nn0tn9mvt7kzc07gl2uxvrt6al4yq6xe26
Merit earned in the last 120 days: 206
Hoping to join my CM colleagues. 🤝
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I'm not sure, but I think what he meant here is that crypto projects shouldn't be using banks for their overall fiat holdings. Especially now that Silicon Valley Bank is trying to cut ties with crypto-related startups.
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It's going to depend on how badly you need the specific platform. If you absolutely need to — maybe you have literally zero way of buying/selling crypto in your country besides using a KYC exchange, then maybe you might not have a choice.
On the other hand — if there are alternatives and you're willing to go through the extra effort(and potentially risk?) of using the alternative platform, then go ahead.
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Yes of course if you want you can get double profit by buying bitcoin from bank profit. But even if the bank gives you a small profit from time to time, you never fear losing your real money. But you can lose your real money if you buy Bitcoin. Second, you said that putting money in a bank leads to a bank robbery.
Does that mean there is no risk in Bitcoin? Then of course you are wrong.
If you have bank insurance, your money bank society will security all the money. If you ever lose your money or have any problem then you can catch the bank society. But in Bitcoin if you ever lose your Bitcoin key or fall victim to various scammers and your wallet gets hacked. Then you lose all your money.Who will you catch then? Even if you want to then you can't do anything. You can't blame anyone then. I mean that even though Bitcoin has many advantages, you have to be careful all the time to keep your money safe.
Take note that while it'll take fraudulence in disastrous proportions to lose your money, you can theoretically "lose" your money through inflation/hyperinflation. This has happened time and time again throughout history and hyperinflation is expected to happen again and again in the future. |
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By keeping as much of a low profile as I can. People knowing you're wealthy is mostly a disadvantage than an advantage. Sure, people respect you a lot more when they know you're well-off, but the disadvantages heavily outweighs the advantages. This is regardless if you're holding cryptocurrencies or not.
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And besides, the bank can be robbed. But if you keep buying bitcoins then bitcoins will not be lost at all.
Guess what, your bitcoin can also be stolen; regardless if it's through a $5 wrench attack, through scams, through hacks, or if you're storing coins on exchanges and custodial platforms in general. |
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Mate you already have bigger things to resolve — screw bitcoin for now lmao. Also noting that friends&family and volatile investments never go together well.
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Been advocating for this in the past; imagine all the money saved from buying shitcoins that are so-called "cheap" like XRP and Cardano. Unfortunately this is one of those things that will end up getting scrapped simply because most people are totally fine with the current unit denomination.
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My first reaction on seeing the image was that it is photoshopped but I wait for responses on this thread from experts regarding this.
It was indeed photoshopped obviously because why the heck would the chair of federal reserve endorse bitcoin. This is the original photo(Bitcoin sign guy) from years ago that inspired this comical(though likely illegal) ad.  |
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