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It boggles my mind how a lot of people refuse to purchase a >$100 hardware wallet despite holding 5+ digits worth of cryptocurrencies. People tend to frequently overestimate their knowledge concerning computer security.
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It's totally possible, but as far as I know, we haven't seen any decent evidence of Binance being insolvent. Most are just rumours and speculation.
Also, stop ignore anything from CoinGeek. It's owned by the shitstain that is Calvin Ayre.
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Seems like a pipe dream, but I long for the day that people finally stop taking these aNaLYsTs seriously. They don't know crap — because no one knows crap what's going to happen.
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XRP has always been next to useless, with it's only use in the past is for quick and cheap transfers between exchanges. Today, bitcoin transactions are cheap enough, and cheap stablecoins transfers(through Tron, Solana, etc) already exists. XRP is totally irrelevant now.
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What they can only do is to make access to it very difficult — like banning fiat off-ramp centralized exchanges and such(or banning ownership of bitcoin in itself), so people would be stuck with doing it secretly through peer-to-peer. The government can't stop the protocol from running, as it's already too decentralized to control.
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One thing that is surprising to me is that we haven't seen more open source software in crypto. It seems as if the two paths of open source software and crypto development are aligned in ways which could be mutually beneficial.
Most of crypto is open source though? It's just the fact that even if the huge majority of crypto are open source, 99% are still theoretically crap and useless. |
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Knowing how seemingly bullish Hal Finney was with Bitcoin (based on some email or post saying that it could reach $1m or $10m or something), I doubt he's careless enough to actually store backups on a bank's safety deposit box.
Far highly more likely that it would be a home safe box.
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It's part of the crypto world, but we must limit it, and I disagree that not everyone who sells will return to buy at the peak. It's difficult to regain trust in anything once you've lost it. Do you think those newbies who have less expertise and are compelled to sell will ever return? No, that's why we need to keep FUD to a minimum.
Remember when we crashed from $20k down to $3k in 2018? But yet last year we rocketed to $69k. Idunno mate, it looked like it was retail investors buying back to me. Besides — it's not like saying "guys, don't FUD" is going to change anything in the first place, because it's the non-crypto people who do most of the FUDding anyway. |
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While I can't really blame people for making these kinds of statements because of the FTX debacle, it's always dumb over-generalization.
In the video, I hate how he looks so smug as if his opinions were something new and something so groundbreaking; because if anything, it's the common opinion.
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It's actually pretty easy to lose a bitcoin wallet even if you're diligent. All it takes is forgetting your password or failing to discover a corrupted backup, and boom - your coins are gone. There isn't a bullet-proof solution that's going to work 100% of the time. Technology needs to take into account that no one is going to be a perfect custodian--ever. You may get lucky and your mistake won't be a costly one, but user error is basically inevitable.
Not if you are really careful. Obviously there isn't a 100% guaranteed solution, but storing your wallet backup on multiple locations alone makes the chances of you losing access to your funds really really slim. |
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While he has a slight point, I'm really not a fan of the 99% number, knowing how frequently attacked centralized exchanges are.
I think the only case where I'll justify leaving funds on a centralized exchange, is when the holder is a totally technologically-illiterate senior citizen. On the other hand, if the holder is capable of using a smartphone, chances are — he/she is capable of using a Ledger hardware wallet.
But yea, you shouldn't lose your funds in self-custody if you aren't utterly careless.
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So today nobody dont sell until i say becouse today i want to earn money i have long positions taken.
Just dont sell dont disapoint me plz i don't want to lose i want to make crypto trading my own personal money printer that Will printing money for me when i want it.
Not that people will listen to you in the first place, but you can convince us all you want to buy but the bitcoin market is just too big now to be significantly moved by users of a forum. Also, funny that you complain about wall street and whales but then here you are — trying to convince people to pump the market for you lol. |
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If the recession is really coming he's going to need some money to keep the factories running.
Maybe he's expecting his car sales to go down?
*snip*
Having enough dry powder to be able to completely run in a recession is Tesla's responsibility — the company as a whole(mostly their CFO). I doubt Elon Musk will even need to put in his own money to save the company if ever they mess up their financials. |
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It's like buying a pre-made paper wallet, but just in steel instead of paper. You're entrusting them to not have a copy of the wallet's backup — so it's an easy no for me.
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Na curious lang ako on how come the thieves have access to their phones quickly especially yung crypto nila. First and foremost, baka yung iPhones nila hindi naka set ng lock like requiring to enter the passcode?
From the article: "Hindi na siya nabubuksan kasi nasa cellphone talaga siya eh. Pag nawala na, kasama na yung value. Feeling ko hindi na nila makukuha kasi may password". So, may pin sila. Hindi necessarily sinabing nakuha ng magnanakaw ung crypto — it's just na nawalan sila ng access dun sa crypto dahil mukhang walang backup. |
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When elon bought all the Twitter stocks didn't he bought the whole company?
I’m sure it’s very great rebuttal. But I would use woman as a litmus test to what exactly is this bullshit, whenever I tell woman to invest into stock, she would avoid it at any cost, but this bs only work on man specifically, that’s strange. It’s apparent woman has smell the bullshit even miles away from the snake oil salesman, as usual low EQ creatures like man often has curiosity to think otherwise, can you lie to woman? It’s not easy to lie to woman but it’s apparent so much easier to lie to man, man are some of the most easily manipulated gender ever existed and it’s all God’s will, god create man to be retarded and easily scammed, back to topic, stock is stock, business is business, after hundreds years its still the same stock is stock, you cant equal stock and business and woman has smelled that bs easily, earlier than any man can do, it’s once again man fall into it and after losing trillions of dollar into it but still too stubborn to realise how bs they’re buying into stock. Why don’t you ever consult woman once in your life about what exactly is “stock”? It was such a great rebuttal that for some reason you made a response that doesn't even closely refute o48o's response. ^Add the fact that this wasn't even the first time someone made a total acquisition of a public company lmao. |
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...or better still just DCA into Bitcoin and forget about altcoins.
The main cycle in Bitcoin is the halving which happens every 4 years, so that's a 4 year
cycle between each halving. In those 4 years we experience all aspects of the
market movements from the highs of the bull markets to the lows of the bear markets.
This also means that anyone who is only in Bitcoin for 1 or 2 years have not fully experienced
everything the markets can produce.
Being in Bitcoin for over 4 years teaches us primarily not to panic. For example I am in
crypto since January 2017 so I have experienced all the highs and lows within 2 halving
cycles (but not a full 4 year one)
I bought Bitcoin first at $1000, I have been well rewarded for being patient, believing in the
future and HODLING!
That's what I'll mostly say to people in general, but it's OP's decision in the end. I don't blame people that likes to attempt to take more risk to potentially have increased gains, as it's totally fine as long as they totally understand the risks they're taking. |
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Should we worry on every small aspect now that we know that these places are also vulnerable to get attacked not directly but indirectly through the services or various other departments they are involved with?
It's not the first time an exchange(or an adjacent platform) got breached, so you should've been worried since the beginning. Only submit your personal information to a central service only when totally necessary. This applies to platforms inside and outside the cryptocurrency space. https://cryptosec.info/exchange-hacks |
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Try to avoid cryptocurrency projects that promise returns? More like totally avoid projects that promise returns; regardless if the claimed returns are excessive or not.
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