The reported quote talks about investing into cryptocurrency and not Bitcoin in particular, so the headline is a bit misleading and as may others is a ploy to get traffic from Bitcoin users and news about government adoption is one to get people excited.

I am not really concerned about the news of investing city funds into Bitcoin, it is fast becoming the safest way to store wealth and it's only a matter of time before more nations and treasuries use it. I was more interested in the part which talked about tax exemption which I believe was teased in the US infrastructure bill which was public some months ago. This is a big step from any nation which wishes to become more crypto friendly.

You took quite a long time to create your first post on the forum considering you registered mid last year. Most people think that (having a gap after registering to read up) to be the best approach for new users as it affords them ample time to read and get aquatinted with the forum and Bitcoin, and that's the advice I will give you now. Read!

There are so many different ways you could get undone in crypto, from wrong investments, carelessness, scams etc and you cannot be prepared for all of them by reading through one thread, but if you form the habit of perusing through any piece of information given before taking action, then you would more than likely be able to protect yourself.

Also, treat everything as a scam until proven otherwise.

It is only binance support team that can solve your issue, they can be a little slow to respond and you will have to drop so many follow up messages on their live chat and possibly on their social accounts to get more interest to your case.

Not your keys; not your coins. If you keep your funds on a centralized exchange, you give control of them to the exchange and they cab freeze your funds at anytime for reasons they discover.

If they go on to say that they will deny having said that suchmoon is their account on the said suchmoon account that makes the possibility of it being true even less. This says a lot considering how low the possibilities were.

The title was changed on the 7th of January, which was the same day the new video link was posted on this thread. You probably did not notice the change the day it was made, reason why it is a bit confusing now.

That is a great suggestion and would likely clear up any misconception that users might have.

I personally would want to see the ranked up thread of quality members of the forum and they deserve a thread to celebrate their achievements on the forum. What majority find annoying is when such threads become hackneyed and users create them seemingly for the purpose of getting attention and maybe merits.

A celebratory thread like this would be avoided by members who want the opportunity to rack some merits, and the legitimate members deserve a thread to celebrate their achievements if they wish to, in the appropriate board.

Bitcoins are only transferred through on chain transactions, any other means are just numbers on the database of a platform and you can use this as normal. This is similar to how banks update your account when there is an incoming transaction, but the actual funds sent take a lot longer than that to be delivered to the receiving account.

Your method of storage was not bad, you just need to take better care and pay more attention. You were always safe in the knowledge that you own the seed phrase and could always recover your wallet, this also means you should take extra care of safe guarding that, cause anyone who accesses it can import your address(es) and transfer the funds out.

The hardware wallet suggestion is quite good, you can also use a mobile device or pc, but it should not be one you are actively using to visit the internet.

That is the typical scam play book, they give you the impression of being legitimate, and could even go as far as paying you out smaller amounts while they prepare to swindle you of a much larger amount in the long run.
It does not work at all, regardless of the amount sent and you have definitely been scammed. It is best to count your losses and move on rather than falling deeper into the well.

If majority of their stats is wrong why do you think the data on monthly visits would be accurate? The forum has almost 3.5 million registered members, this includes a large chunk of brand new member who never made a post and a lot of inactive profiles, it's highly unlikely it generates a monthly visit of 2.8 million, this gives a total reach of about 80% per month which is unrealistic.

Trust is not something you can afford on the internet, much less in financial situations. On this forum for example, you can trust someone based on their reputation band track record, but you can not be certain they are the person behind the keyboard if you initiate contact with them as accounts can be hacked.
Also, regardless of their reputation, you would need to verify the information they are providing.

This is pretty bad advice. Seed phrase or mnemonic phrase as it is sometime poorly called was not meant to be memorized. The human brain is very unreliable for recalling exact information stored and there are so many factors that could affect it such as accidents.

If you want to backup your address, do it securely on a piece of paper or a more resistant material and have multiple backup locations, with maybe someone needing more than one to access the wallet, like a 3-of-5 multisig. So one backup exposed would not lead to loss of funds.

Buying different assets in a correlated market is not diversification. If you want to diversify your investment, enter into real estate or someother form of investment. Any other thing is a gamble that could lead to huge losses.

Yes, that works for altcoins which are run on the PoS - Proof of Stake algorithm. That is quite different from third party staking which is only what can be run on bitcoin.

I believe the dangers of exposing your personal details is well known on the forum already, but it cannot be entirely avoided, if you wish to live a normal life. You would need to be registered when you are born and subsequently would need a drivers' license or international passport or some other means of identification; All these are stored on government servers and could be exposed if a breach occurs.

The best you can do is to not link your real life identity to your online persona. Anyone with a mobile device should not be able to google you up and get full details about you, and those who know you should not be aware of your online presence.

I do not have much experience about staking or lending bitcoin, but I think all of those processes would involve you handing your assets over to a third party.
Whoever owns the keys, owns the coins, and it would be impossible for a third party to pay you interest for coins you still hold. You will have to give up self custody, if you wish to gamble on the possibility of earning an interest.

My biggest regret would be spending time and effort on shicoins. If I had fully focused on stacking sats from the get go, I would be in a much better position now. Not complaining though, and in hindsight, there was no way a newbie could have fully understood how cryptocurrency works.

Is there any incentive to lie in this case? The thread does not require evidence, so posting them would be unnecessary.
Also, you'll be surprised how many people trust people they meet on the internet.

There is no medal for guessing that the price of bitcoin would drop. If you are naturally pessimistic person and preach caution doom when ever the price rises, you will eventually appear to be right cause we have not achieved stability yet and the value tends to drop after reaching certain heights.

Following your 'victory dance' post, a lot of your friends who did not sell but waited for $60k actually benefited more. Those who did hodl through the recent peak just have to hodl longer, It is money you can afford to lose after all.

'Forced' is a word that does not correlate with bitcoin in any way. Bitcoin is meant to be an option that anyone can freely use without needing a third party and they are also free to not use it if they do not wish to.

When it comes to predicting bitcoin's market price, the word "expert" does not count, it is simply a gamble and your guess is as good as any.
Achieving $100k before mid year is definitely possible
Would it happen? We would have to wait and see.
The crypto market is unpredictable.

It is actually the other way around. Most of the time, other coins tend to follow the price actions of bitcoin.

You would not expect it to last for long at the peak price, it actually stayed up in the high range, above $60k for a while showing it was not just a pump up and a dump back down.

• Bitcoin is valuable because of the features it has, it is decentralized, immutable, secure and borderless,
• Market sentiments,
• Possibly, or not.