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I've heard good things about ThorSwap(for swapping purposes, not much for earning off liquidity mining). I really can't vouch for it though because I'm having a very hard time getting Ledger Live to connect to ThorSwap. Maybe it would work better in your case. Proceed with caution and DYOR.
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I don't think investing in bitcoin can be technically called "income", knowing that it doesn't even give you any cashflow at all. You technically only earn once you sell it.
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It's not farfetched to think that there's some platforms that are also insolvent, but just currently not exposed.
I wouldn't make conclusions based solely off layoffs though, since exchanges tend to earn a lot less in bear markets in the first place regardless if solvent or insolvent.
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In summary:
"Coinbase/Binance is secure enough."
"What if I lose my backup?"
"My phone/computer is secure because I have an antivirus."
Probably something along those lines.
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Try your best in increasing your income either by doing better with your gig/business, or by looking for other income sources.
Yes, saving money is great, but saving in itself would do much if your income is stagnant(also take inflation into consideration). Also, I don't like cutting off things I enjoy doing just to have more savings (though of course always be wise with your spending, and don't overdo your 'wants').
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A huge majority of the time the reasons why people can't hold consistently is either the lack of conviction(hence knowledge) concerning the asset being held, being overly-exposed to the asset, or both.
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Can some bored data expert create a chart that plots the correlation between bitcoin price(or crypto total mcap), number of signature campaign participants, and forum activity? This is probably too much to ask but yea lol.
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A more "complete" list: https://cryptosec.info/scamsBut overall, while reading such a list is great, it all comes down to one thing be smart, don't be careless, and be skeptical at all times. |
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Maybe it's about crypto companies and projects start putting more effort in publishing apps that are supported by open source operating systems like Linux. Decentralization comes at a price. You can't make a "dapp" and publish it on only Microsoft, google play and app store and then think things will go on well.
To be fair, Coinbase Wallet is available on Linux due to it being a Chrome browser extension. Also, most crypto "dapps" are web apps(not mobile apps) so they're pretty much available to every platform that can run a browser. |
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Quite different in my case, as the first time I received/owned bitcoin was also the first time I received income(that's actually worth something decent and not just a few dollars). One thing's for sure though, it felt GREAT seeing that number come out of your wallet.
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That's good that now people are learning and the are doing good decision. I think ledger wallet is for those people have larger money I mean from 100k dollars plus value. Cause when they need their money they can make Transaction, unless their wallet is safe and their money is safe too. But regarding your dad can I ask for what purpose he bought Ledger wallet.
A Ledger Nano S Plus is just $90. If you're a long-term investor, that purchase should be a total no-brainer. Why use a hardware wallet just when you already have $100k? Heck, I purchased my first hardware wallet when I had like $2000. |
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The main reason cited and mentioned by Coinbase is that
the gas fees required to send NFTs need to be paid through their In-App Purchase system so that they can collect 30% of the gas fee.
That was such an ignorant reason coming from Apple's side that they should definitely fire whoever made that decision. You'd think a 2 trillion dollar company wouldn't make such an amateur misunderstanding lmao. |
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How many people in this world are able to fully review an open source project the size of Bitcoin Core and be certain that there's no backdoors? A backdoor can be as small as a few characters, and it can even be hidden outside of the project itself, in some dependency of the project.
I trust Bitcoin because I trust that the community reviews the code. It's still better than trusting closed-source systems, hoping that the developers are moral people and won't do anything malicious.
While it's great to be able to check the code yourself, I don't think it's absolutely necessary. What matters more is the fact that hundreds and thousands of people capable of coding can see the codebase and evaluate it themselves. And if they ever find an exploit, they either contact devs, or propose changes themselves. |
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The game plan with crypto(P2E) games is to get in and out as quickly as possible and just ride the hype; pretty much like trading coins that are being pump and dumped, but in this case slightly more complex.
Also, a tip: in gold rushes, invest in shovels.
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Not surprising knowing that people got a bit too spooked by the FTX fiasco, and the fact that there are rumours about a lot of exchanges being potentially insolvent. I assume hardware wallet companies(Trezor/Ledger) have had a great time since the last few months.
Also, while this is great news, let's not forget that people can still just easily send back coins to exchanges once things settle down.
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Advantages of a fully open-source project and asset you can pretty much check everything on the blockchain or on the codebase (assuming you know what you're doing of course).
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Is it allowed to give away NFTs instead of coins or would that not be allowed?
Why would it be not allowed? If these projects that wanted to advertise can pay with illiquid coins/tokens, then I guess they're also allowed to pay illiquid NFTs. Not sure why any campaign applicant would want that though lol. |
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One thing is for sure, if you are fortunate to be so rich to be deemed as a crypto billionaire, its a good idea to keep it on the down low, as good as you possibly can. This kind of thing stinks of corruption, some kind of business deal gone wrong, I dont know.
Tell as few people as possible about your bitcoin/crypto position if you are a millionaire or billionaire. There is too much danger out there, especially in the current financial climate.
Pretty much not even just as a crypto billionaire, but even just as a decently wealthy person in general, especially when living in the more rural-ish provincial areas. |
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