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Your question is like asking which is best — starting a business or getting a job. The answer will always depend on the person, with a lot of factors to take into consideration. Taking note that you already know the difference with concerning the time frame — so it can't really be one or the other. It can even be both.
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That makes sense, but also — let them focus on education. If they actually know/understand bitcoin at least with a good amount, chances are, they wouldn't be having doubts and they would know about bitcoin's cyclical nature in the first place.
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The only thing that could decrease volatility is more controlaccess to bitcoin for everyone — hence more trading volume and liquidity. And yea, an actual spot ETF can most definitely significantly help. Hence why it was quite questionable when a futures ETF was approved, but not a spot ETF.
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Both will coexist, and people will use whatever they see fit for their needs. One will not overthrow the other — the question is just how much percentage of market share will bitcoin/crypto actually take.
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One of the biggest online game markets communities is definitely Sythe.org; though it mostly caters to the likes of RuneScape, Steam games, etc. You can at least try posting under the Other Games section though.
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In the grand scheme of things it pretty much just boils down to supply and demand. There are things such as hype/publicity/news, institutional/retail interest, etc — but in the end, they pretty much fall under the supply and demand umbrella.
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This is misleading. Binance, Coinbase, Kraken are not wallets. They are exchanges and should not be used as a wallet. For ease of use and security, just go with a hardware wallet, i.e., Ledger and Trezor. Also, you should read the pinned topic to get to know more about types of wallet and its best practices [General] Bitcoin Wallets - Which, what, why?This. But just a heads up that Coinbase also has Coinbase Wallet — an actual non-custodial wallet separate from the Coinbase exchange. I don't know how good/bad it is though. |
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If they really want education, then they have all the time and money in the world to gain that knowledge. It's just the fact that they're heavily biased due to Bitcoin being mostly a conflict of interest to them.
That, or the fact that they can't just grasp some of Bitcoin's concepts because they're living fossils.
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OP, if you want to prevent people from making mistakes, it would be helpful to make a complete guide on why and what not to do, etc.
Although such topics are posted here daily, they will have value not in general rules like "I warned you," but in the correct and accessible explanation of all the little things.
Adding links to the main topic will do the trick, as to prevent redundant topics that are likely to have no new information at all. https://cryptosec.info/checklist |
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Loss of asset through account lockouts have been a very pressing issue within this industry since time immemorial. This problem would not exist if people simply stored their assets on non custodian platforms and kept backups in secure locations. Suffering from account lockouts means one is using a centralized exchange or platform, which does not give control over the assets stored on them. Account lockouts doesn't necessarily mean it's concerning centralized exchanges, a wallet "password" being lost/forgotten could also mean that it's about a wallet passphrase. |
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If you want to comply with the law, then why don't you want KYC? The government doesn't want you to hold bitcoins without their control, and you are not complying with the law yourself. Try with trading P2P at your locally, your identity will be less known using centralized exchange, you cannot be completely anonymous to everyone.
It's possible to want to comply with the law(declaring your purchases/sells/etc), with you just not wanting to submit AML/KYC documents to certain companies because of the privacy risks. |
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Why not purchase the BTC through peer-to-peer instead? That way, at least only one guy gets a hand of some of your personal information — not a centralized platform that's pretty much a honeypot. Just make sure you're transacting with legitimate sellers.
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It depends what the "unexpected expenses" are. If it's overspending on stuff, then you need to discipline yourself with your spending. On the other hand, if they're like unexpected medical bills and stuff, then there's nothing you can do but to try to increase your income.
As for being discouraged — if you don't budget, you're likely going to be in a far worse situation if you didn't budget.
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Understand I think Binance is TRC right so is there any TRC USDT non custodial wallets like Electrum which can be run on the laptop?
Binance supports multiple chains — Tron, Solana, Ethereum, BSC, etc. If you're going to need a temporary wallet, probably Trust Wallet? I wouldn't suggest using it for long-term use though. |
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There will always be people that will think that certain price movements are caused by manipulation or whatever theory they could think of, regardless of direction; and it's mostly voiced out by people who missed out on pumps, or bought heavily before dumps.
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Probably a bit too hasty. In the first place, how confident are you that you gave your "friend" correct/accurate information? Knowing that you said yourself that you're still a beginner.
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If you're actually bullish and are convinced that bitcoin will be worth far more in the future, then chances are, you won't be tempted to sell.
If you're tempted to sell in the hopes of having the chance to buy back lower, then accept the fact that you can't predict bitcoin's short-mid term movement.
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1. To prevent gravedigging(unnecessary reviving of old topics)
2. When a thread is obviously being used to farm postcount
3. When the thread/topic is redundant
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Hodling works for Bitcoin alone, not for others. Have given up plenty money by holding coins until they turned to dust. Had I converted those profits into BTC, would be having good amount of BTC today. But oh well, it's what it is.
Hodling can work really well for certain altcoins as well. The only problem being that you need to actually pick the correct ones, in which is very difficult to do — it's pretty much like looking for a needle in a haystack. |
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