OP, by the way you could also consider moving this thread to a trading discussion board instead of a bitcoin discussion board.

This is a pretty nice write up and I can tell you took some time doing so, appreciated. One thing that I would add or mention with your write up..I believe mycelium works fine with android devices, but I don't think that it works with iPhones.  I used to have it on the iPhone and they simply stopped supporting the app.  Luckily I was able to get my bitcoin off of it, but just a heads up, you might want to build that note in to your write up.  Otherwise, good stuff.

This can also be difficult to achieve since the news that you have made a conscious effort to avoid listening to or follow may also be headlined (posted) here in the forum or shared amongst friends and it will definitely arouse your attention.

 If you decide long term investment in crypto, have a strong resolve to hodl regardless of whatever you hear. Having such a resolve prepares you to accept the possibility of  any sort of news, but hinges you to the resolve that you have made to hodl regardless. It requires a lot of discipline, but it is not impossible.

In Bitcoin accumulation, this is very important.
In the DCA way of buying Bitcoin, you can minimize your possible loss because you only purchase Bitcoin when it will drop.  Buying a little by little using this method, will surely your investment becomes profitable when there's a new ATH.

All in all, OP has good input, and newbies should know this and educate themselves when it comes to accumulating Bitcoin.
It's a complete process of accumulating Bitcoin.

I appreciate the effort put together in bringing this up, nevertheless you could have lay more emphasis on hardware wallet here as well aside the embedded link provided to your previous topic on that, also there is more need as well to add the type of coins each wallet support, but in conclusion, its all a beautiful display of efforts you've put out altogether to present this as part of your contribution to the forum.

Source

In this Post you will find about BTC accumulation and tips to keep in mind before shopping Bitcoin. Many of you have known BTC’s history if not then pay a visit here.

What is BTC Accumulation?

We all know the meaning of accumulation but in terms of market cycles, it’s a phase. This phase starts when market comes to its worse stage or bottom line at this point, Public and Private Corporations starts to buy huge amount of BTC for long term. There are three more phases other than accumulation phase but i will share their articles later.
How much BTC has been accumulated by Corporations?
In 2021, According to NASDAQ, total accumulation of BTC was the 8% of the total BTC supply which is equal 1,660,473 BTC. But in 2022, According to Coindesk, total accumulation of BTC is 60% of the total BTC supply which is equal to 12.92 million bitcoin.

When we should accumulate Bitcoin?

The price of BTC is $21,647 while writing this article and we all aware of the ATH (All the High). Many of us are fully sure that BTC will cross its ATH and there is no doubt in it, that’s what BTC was doing from the start.
We should started to accumulate BTC when BTC is in bear market after touching the ATH. Now is the Bear market and according to the amount of accumulation wrote above, Corporations had already filled their bags when BTC goes below $18,000.
We should use tools like Glass node to keep track of demand and supply, because when seller pressure increases, the bear market comes with great buying opportunities.

Source

Tips to keep in mind before accumulation:

1: Use Dollar Cost Averaging (DCA) Technique:

In this technique, we do not accumulate BTC in one trade. We divide the trades in to many parts. For example, if you are buying 10 BTC, Then divide them in 10 transaction. Like set buy order for 1 BTC at required price and place another buy order of 1 BTC at lower price than required price for better profit.
Because we don’t know the nature of market. Sometimes market goes in unexpected ways. So from preventing huge losses, we should work smart.

2: Use indicator to analyze market to take better entry:

The most famous and common tools to take entry is RSI (Relative Strength Index) which has two main components:
Overbought: When the indicator line moves above the channel then it is considered as overbought which means the asset has been overvalued and there is more chances of its price to decrease.
Oversold: When the opposite happens of above action than the assets is considered as oversold which means there are more chances of asset’s price to increase.
There is no doubt that indicator’s result will help you in making great entries either. But it increases the chances only instead of taking entry blindly. You can use a RSI tools for BTC only which will send notification on your twitter handle. Get this Tool from here.

3: Do not freak out:

One of the biggest benefit of long term investment is you don’t have to check market again and again. Thus you will face no tension. But to do that you have to build patience in yourself. Which you can do by not becoming a prey of FOMO (Fear of Missing Out).

4: Prevent from News Cycle:

As mentioned before, we don’t have to observe market again and again to book profits here. Because we are playing the long term game here like for 3 to 6 years some people holds more than that.
The news platforms will try to share every crypto related news which will make you sick. No doubt that, short term investors are greatly affected by news cycles and get into FOMO and lost their money. But here you know the big picture of BTC potential as how it touches around $68,789.63.

Tools for analysis when Whales enters market:

Whales are the market manipulator who trades more than 10 BTC at a time and these are the 1000 people who have the 40% of the total market. We will shed light on some tools to keep track of Whales activity to prevent from losses and to take profits.

1: Whales Alert

Whales Alert is a tool which collects data from all of the blockchains and provides alert notification on Whales transactions. It’s a free tool but with limited features you can buy it to get benefit from all of its features.

Pros:
•   It covers dozen of blockchains and provide free data.
•   We can watch historical data in the forms of graphs.
•   Provides live data

Cons:

•   To get notification we have to purchase their monthly or yearly package.
•   They are not suitable for beginner as they have expensive packages.

2: ClankApp:

ClankApp is a tool which provides notification services on Whales transactions. It provides Telegram and Twitter notification feature too.

Pros:

•   It collects data from 24 blockchain
•   We can get benefit from all of the features with free of cost, even can get notifications.
•   We can get notification via Telegram, Twitter and Email.
•   Provides live data

Cons:

•   The free of cost notification features comes with the drawback of no graph for historic data analysis.

3: WhaleMap:

WhaleMap is a tool in which we can also get whales trades and notification services

Pros:

•   We can get information and free course and tutorial to understand how to analyze Whales trades and how to react with them.
•   It provide 16 useful charts which will help us to understand the market more easily.
•   Provides live data.

Cons:

•   Unlike Whales Alert and ClankApp, we have to sign up before analyzing the Whales trade.
•   Before using its charts, we have to go through from their tutorial for better understanding which would cost time but it worth.

4: Whale Watchers:

Whale Watcher is a tool to analyze Whales trades not only of crypto token but also of NFT trades. NFT interested can get more benefit from it.

Pros:

•   Its focus is not only on crypto assets but also on NFTs.
•   It provides free of cost services too but with limitations.
•   But if you buy their packages we can talk in their communities with other member in real-time.

Cons:

•   Users of this platform are only around 3000.
•   No graph data is available.

5: WhaleBot Alerts:

WhaleBot Alerts are only for telegram push notification to alert you of any Whale trade. Many of us still using it.

Pros:

•   Used for quick notification of Whale trade on your smartphone.

Cons;

•   It’s only for telegram so no graph and history data could be seen.
•   It shows only real-time transactions.

Which wallet is best to accumulate Bitcoin?

I had discussed some of the wallets types before, you can go for hardware base crypto wallets for better security, and I only mentioned 3 hardware wallets there and some other hot wallets. But in here, you will find the best options to store your BTC for long term using hot wallets.

1: Exodus:

Exodus is best for beginner as they have 24 hour lives support and you can use it on phone and pc.

Pros:

•   You can add Exodus with Trezor hardware wallet.
•   Combining with hardware wallet increases security.
•   It supports 240+ assets.
•   You can use its web 3, desktop and mobile version as per requirement.
•   Built in exchange.

Cons:

•   It is not an open source wallet

To see the difference between open source and close source wallet. Pay visit here.

2: Electrum:

Electrum is a free cold wallet which provide next level security with its unique features. It’s in the market since 2011.

Pros:

•   We can use it on all the operating system, such as Android, Window, MacOS, Linux and Python.
•   We can use their Cold Storage option to keep seed phrase to perform actions, and hot storage can be used to watch the balance.
•   It supports hardware wallets like Trezor, Ledger and Keepkey.

Cons:

•   Only useable for storing Bitcoin.
•   24 hours support is not available here.

3: Mycelium

Mycelium is a phone base wallet and we cannot use it on any other device than smartphones.

Pros:

•   Built-in exchange, study material.
•   It supports hardware wallets, like Trezor, Ledger and KeepKey.
•   App is reproducible,

Cons:

•   If you lost your phone than you lost your money. As it is reproducible.
•   Works only on smartphones.

Precautions to take before withdrawing huge amount of BTC:

There are numerous precautions, a holder could take, but depends upon from which danger.
Danger of losing BTC, danger of getting taxed by IRS, danger of too much exposure and publicity that you do not want.
I will try to cover two of the above danger to avoid.

1: Danger of Losing BTC:

Talking about withdrawing BTC, to do that first we have to transfer it to an exchange, if your BTC is already in a wallet which comes with built-in exchanges than its more secure. Because in first scenario, you have to transfer from hot wallet to exchange wallet. Which will expose you twice.
While sending BTC from one wallet to exchange wallet, double check the address and do not send all the BTC in one go.
If you are using hot wallets on smartphone or pc, try to strictly avoid from download any third party and unverified app or unlocked APK MOD, because these APKs contains malicious viruses which could get all the info of your wallets.

2: Danger of getting heavily taxed by IRS:

In my country there is no huge taxes on withdrawing money, I prefer try to withdraw money in parts not in one go because in Pakistan there are many limitation of withdrawing money and in many other developing countries too.
But this danger is for the people of developed countries. Like USA, China, Japan, Russia etc. maybe I left some countries but let’s move on.
I am not a tax expert so I will just share some useful article’s and thread’s links to avoid heavy taxation.

Cryptocurrency taxes: A guide to tax rules for Bitcoin, Ethereum and more

3 Mistakes to Avoid When Making a Large Portfolio Withdrawal

CRYPTO-ASSETS: ANTI-MONEY LAUNDERING GUIDANCE FOR ACCOUNTANTS

Conclusion:

I hope this thread will help you, just to clarify, I collected data from many blogs and BTT threads. I also provided the sources and tried my best to come up with every possible helping material. If you guys find that something needs correction please let me know and do share your love. Regards Hamza.

Yaha par HamZa Bhai ne mje mentioned kr k Bthaya k Mfahad ki waja se ma ne Luna ko shirt kiya aur Profit kamaya. Yaha ma Kuch bathe arz Karna Chahta hoo.
Ma me Sirf post ma Luna ki Pump ko bthaya baqi us par trade Karna wagira ka ma ne ziakar he nhe kiya.
Personally ma Khud Future ko Jaiz nhe smajtha aur discussion es Liye nhe krta k mere pas ziada time nhe aur ye discussion kbe kbe jang ma badal jathe ha.
Baqi gamble Karna ya usko promote krna b mere nazdeek 100% najaiz aur Haram ha.
Shahid aur Irfan Sir ko ma ne Kbe gamble signature wear krte nhe dikha halanke en k post bhot best ha aur weekly 70$-80$ easily kama sakte ha. Allah Pak es ka badla enko dega. Ye Dunya imtihan ki jaaga ha ur hme mohlat Dee gae ha
 Qiamat k din chaar sawaal ma se 3sra swal ye ha k maal kaise kamaya aur KAHA par kharcha kia.

Babar Azam failed to score 10+ runs in any inning of this tournament so far. Don't know why Pakistan not replacing Zaman with some other batsmen he is a continuous failure. Pakistan at the moment need 80 runs from 48 balls, anyone can win the match.

My friend. Binance is not a wallet. Don't even think of it as a wallet, and it shouldn't even make it to this list, or else you are going to mislead newbies. Binance is just a crypto exchange or broker as some people refer to it.

What do you mean by "combination of alphanumeric words"? Can you please elaborate more on this?
Do you mean seed phrase? If so, a seed phrase usually includes 12 or 24 words.

History:

The Concept of the EFTS was a next step to evolution of money and trade system and it was introduced in 1978 and a first ever web based ETF was introduced in 2004. In 2009 a unique concept by the Satoshi Nakamoto of World wide currency fully decentralized and fixed supply changed the concept of the Money and its flow in 2022.

Digital wallets are the software programs or electronic devices used to store the electronic funds and access online services & transactions. Digital wallets were develop to explore the new era of trading and transparency. Digital Money & Wallets made the access of world wide IOT services accessible easily. E-commerce is the majour application of digital wallets. Crypto changed the whole concept of money application of digital money and storage.

Crypto Wallets:

Crypto wallets are the more advanced form of digital wallets where a device or protocol is used to store public and private keys for storing different types of cryptocurrencies. Crypto wallets are more functionally enhanced as you can access encryption and signing capabilities.
Simply a crypto wallet is combination of alphanumeric words from 27 to 37 ranges.

Terms used in Crypto Wallets Encryption:

Private Key, Public key both of these terms are used on the crypto network to perform transaction a public key allow the user to receive funds and private key allows to access the encrypted funds on the public key.
Types of Crypto Wallets: Basically there two type of crypto wallets on the basis of their utility as Cold Storage Wallets and Hot Storage Wallets.

Cold Storage Wallets:

These are the highly secure personalized wallets used to store the crypto currencies preferred by the users as for storing the long term crypto investments. All hardware wallets are cold wallets as these wallets are offline wallets due to this feature these wallets are considered as most secure type of wallets.

Hardware Wallets are example of Cold storage






Pros and Cons of Cold Wallets:

Cold Wallets provides the maximum possible security to the funds as user require. These wallets allow full efficient environments to make all possible secure investments.
These Wallets are expensive maximum users who own a little funds cant afford them. As these are used as primarily for storage you cant trade with them.


Hot Storage Wallets:

Hot Wallets are used by the traders for making quick and time to time transactions with the market. These wallets allow the users to access different types of services on the block chain rather than assets transfers as decentralized finance & tools. NFTs, MetaVerse & Staking etc.
Hot wallets include two categories as self-custody and exchanges offered wallets. Both of these wallets are same in some properties but the major difference between them is the control on the assets in Self-Custody users manipulates its funds accordingly but on the exchanges offered wallets funds are managed and controlled by the Exchanges. Common point is used for trading and accessing crypto related services using instant crypto.

Mobile, Desktop & Web Wallets are types of the Hot wallets



Pros and Cons of Hot Storage wallets:

These wallets are cheap even free to use, user can access trading as its primary feature. Users can explore the the crypto services and access decentralized finance and other technologies as the meta verse and NFts
These wallets cant be used to store large amount of funds as there are so many security issues with them. For safe investments these wallets are non recommended.


Note: This information related to the products has been taken from different blogs the graphics i have used all have the refer link or source mentioned. This post is for the information superpose to guide the new users to choose the best and avoid scams. There is no plagiarism as after my own experience and analysis i made this list.

Brother, Ethereum ka merger crypto space ka bht bra event ha es ki successful completion hony k baad crypto market ki next direction determine ho gi. Ho sakta k 16 September ko ethereum ki price mein thori bht correction ho ku k market es event ko already discount ker chuki ha mgr long term mein Ethereum mein investment/staking bht profitable ho gi ku eska network bht secure or future mein scaling ka issue bi resolve ho jai ga POW se POS pe migrate hony k baad esliye Ethereum mein DEFI sector se bht bri investment aa sakti ha. DYOR

After Sri Lanka's disappointing start, now Sri Lanka's position is much better.
 It is expected that Sri Lanka will win the match very easily