It's not a standard yet but if you have a platform which accepts Bitcoin as one of payment method, you will have difference prices with fiat, Bitcoin exclusively. It is not too common because Bitcoin has yet been legal tender in many nations but it will be changed in future, I believe so. Bitcoin is a game-changer and it has changed the world so much. It will keep up its mission for wealth and freedom of global citizens. Obviously, for people who can accept it. Soon after CBDC tracker and more CBDCs launched, we will see bigger adoption and more widely legal tender for Bitcoin. https://cbdctracker.org/
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Most of your issues are solved by above replies: read before posting, youtube videos, links to forum (un)official rules, etc. I would like to give you another resource: Search before posting and some hidden pages of the forum which are very helpful for you to more effectively searching, reading and learning.
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2022 - It might be a bear market. 2023 - It might be the next opportunity to buy the Bitcoin DIP. 2024 - It might be the new BULL MARKET.
Your topic and advice are simple but in reality, it is not easy to practice for many people. Market has ups and downs daily, weekly, bull and bear periods monthly or yearly but in general, Bitcoin is a gift for all of us because of its manificient designs and technology. Satoshi Nakamoto created it and allow all of us to get Bitcoin as a biggest gift ever in history. Question and challenge for each of us is: whether we are able to accept Bitcoin; actually step in and invest in Bitcoin; able to have diamond hands and enough patience, determination to hold it for several years. I present it in ordinal steps which are important to decide who we are in Bitcoin market and whether we are able to earn profit in this market, with Bitcoin or not.
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Complex password is good but a more important thing is back up your password. Weak, strong or complex password, you always must back it up and store back up safely, secretly and available to use in case you need it. If you are bad at password brute-force, you will lose your crypto if you lose (forget, broken backup or whatever reasons)
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Don't lie! I earned a lot from trading and lost a lot from trading as well. Additionally, with 5 years in crypto market, I can say from my experience that trading is not for all but investment is for all or most of us. Fast comes fast goes, it is about trading. Because if you don't have ability to be disciplined and determined with your actions as responses to price actions, I am sure you will lose all capital and temporary profit very easily. With investment, it is much more easily. You only have to choose good projects, hold and wait for good price to sell. Challenge in investment is most investors take profit at minor earnings and regret. Then enter again, and stucked at peaks, ATHs. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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If you follow good crypto influencers who can teach you about basics, advanced knowledge in crypto, that's good and you should maintain it.
If you follow crypto influencers who only make you hyped, with promise to get rich quickly, let's be very careful. The crypto market is not an easy one for you to join, win and enjoy your life.
It is a harsh market and if you are inexperienced, greed, emotional, you will very likely belong to more than 80% losers in this market. Influencers mostly don't help you to protect your capital. When you realize that, you already lose your capital.
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The biggest success when you participate in cryptocurrency is freedom. With cryptocurrency, you will be able to experience peer-to-peer transactions, tradings, etc. and if you use non custodial wallets, you have freedom. No control from governments, central banks.
Obviously, it is only reachable if you use non custodial wallets and decentralized exchanges.
You can think it is similar if you use centralized exchange, no KYC but they are different. Because KYC is not vital point which in fact is ownership of private key. You can only get it with non custodial wallet.
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People who still don't understand the importance of private key ownership, please visit Notyourkeys.org from which you will see how many exchanges hacked in history (probably not all are mentioned on that website) and how serious loses people suffered from such hacks. If you store your coins on centralized exchanges and they get hacked then eventually just say they got bankrupted, no compensation at all for their users. Or if they pull their scam exit on behalf of hack, you will lose your money. Use non custodial wallets and have your own banks, your control on your cryptocurrency.
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Let's check that website https://kycnot.me/ and you see non KYC exchanges: Hodlhodl, Localcryptos, Bisq exchanges are aforementioned. TradeOrge, Kucoin are KYC free too but because they are not decentralized exchanges, you should be careful because they can turn to be KYC-exchanges in future. Now you can enjoy it but trading volume on TradeOgre is not good. Kucoin is a choice to go if you want CEX and no KYC. Anonymously, you can achieve it with Bitcoin Coin Join transactions, good mixer like Chip Mixer, and use Monero. You can mix between Bitcoin Coin Join transactions, Monero transactions and move them around. Anyway, if you don't get your money from illegal activities, you might not like the complicated procedure.
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"You can't ban the internet" is being repeated but you have to realize that the governments didn't abandon banning the internet because they couldn't. They abandoned it because they ended up having a very good level of control over it.
To grow bigger, Bitcoin and crypto market need to have more and better regulations. Having our own banks and financial freedom does not mean the crypto market and its ecosystem should be left as free space. People must be protected by regulations, laws, etc. There are always pros and cons of regulations but I believe that in the world, we must have law and regulations in any industry. Fortunately, with Bitcoin, governments can not brutefore our own wallets. They can not free our wallets like what they can do very easily with bank accounts.
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Bitcoin standard or not, it's not big matter.
What we need is not a future in which Bitcoin kills fiat currency, alternate cryptocurrency. I don't believe it is a future we want to see. To grow, it should be better to grow together. I mean Bitcoin, altcoins, fiat currencies and CBDCs will have to co-exist in future in order to help people to pursuit freedom in finance, privacy and wealth.
In my opinion, I could be wrong obviously, it's never good to have only one choice.
Think? Because we have fiat currencies and altcoins, we do recognize how good Bitcoin is. Without them, Bitcoin is just Bitcoin and might not have any value at all.
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Not only Russia but also other nations failed to ban the Internet. So what do you expect when you say and are witnessing that they are trying to ban Bitcoin like what they tried to ban the Internet?
Do you know that Bitcoin has much more impressively growth than the Internet?
In 1990s, people tried to ban the Internet and now, 30 years later, we know that they failed eventually. Bitcoin has had 13 years in history so far and it won't die. 13 years old is good enough to say Bitcoin is here to survive and will stay with us. The world need blockchain technology and Bitcoin is the first successful blockchain-based project.
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- Not your keys, not your coins, as people say and get more on https://notyourkeys.org/. So the first thing to do is choosing a non-custodial wallet to use
- Verify wallet to make sure you download a legit wallet, not fake and phishing one.
- Back up your private key or mnemonic seed
- Where to store your backup? Locations should be offline, safe and secure, not online and on third-party service such as Dropbox, Google Drive, etc. It's terrible when you back up your keys/ seeds and give it to others.
- Test the validity of backups. Make sure you don't make mistakes, typos in backup process.
- Have plans to check backups after a while sometime, 6 months for example to make sure nothing wrong happens with your backups.
Recommended wallets from Jameson LoppCrypto Security - Additional Protection For Your Seed/Private Keys
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Scammers repeat their scam methods to find new victims. You are safe if you are aware of some facts - Admins never DM you first
- Admins never ask for money
- Admins never ask for private key or mnemonic seed
- Any offer from strangers which is too good to be true is scam
It is not too difficult to know and most of people get scammed because they are either too naively or too greedy.
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Bitcoin is a peer-to-peer electronic cash and it has a decentralized network from hashrate ownership to geo-locations of mining farms. I am sure that Venezuela or any single nation won't bring any ending for Bitcoin network. In addition and more important, the Bitcoin adoption has a best rate in history of human society. The best ever I mean, even much better than the Internet. Do you see how the Internet has changed the world entirely? Bitcoin has already changed the world and will be able to do more than that. Bitcoin mining map shows that Bitcoin mining has spread over the globe, not in a single nation.
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Right people have some pre-assumptions about Bitcoin and with slight decline in prices also we see this negative news or statement popping over the internet like it's dead or bubble has burst out.But bitcoin is digging them up in piles and last few times we have seen decline in haters percentage as they might know it can't be stopped and it will rise each time with more stronger boost so we should keep quiet.
Not assumption but something like obsession or intention. They know how good or bad Bitcoin is in comparison with other assets. They just try to distort the fact and mislead people who are not knowledgeable about Bitcoin. What purposes do they want? To prevent as many people to get exposure and accept Bitcoin as possible. However, unfortunately for them, after 13 years, since 2009, now and in future, they won't be able to stop Bitcoin. I have a different theory: what if nobody cares about Paypal? They know it's not going to get much bigger than it currently is, and chances are something will replace it. Bitcoin on the other hand can get much bigger, so Bitcoin news is much more important than Paypal news.
Paypal have to adapt to the big trend and have to bring Bitcoin to their platform. it is a proof that they already recognized how Bitcoin has changed the world and Paypal will have to grow together with Bitcoin.
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It looks like anyone expecting an NFT board to be added by an admin will have to accept the fact that it won't be a reality soon. I have looked at several other thread for the same proposal but all ended in vain.
NFT is a branch of crypto market but it is young and need time to mature and get accepted. More risk in early days of anything and NFT too so that NFT branch needs a few years to mature. As basics of Lindy effect, with time, NFT branch will mature more but it means NFT branch must survive over time too. I believe in the future of this technology as always there are both opportunities and challenges which co-exist. Bad projects will die, good projects will survive but NFT branch will be here to stay.
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First, not your keys not your coins. CEX means they mostly only give you custodial wallets that mean you don't have any key. Second, CEX means centralized and are regulated by governments so whenever governments bring serious pressure and ask those exchanges to do KYC on all customers, they will do it. Then you might get trouble with KYC procedure and in worst case, your coins will stuck on those exchanges. Lastly, CEX means if their exchanges get hacked and unable to compensate for customers, you will lose your money. In addition, they can use hacks as reasons for their scam exits.
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After read this thread I checked my email, I don't find in my inbox but in junk folder. I'm forget how the setting which help me avoid the trap by don't received this on inbox.
Good for this time but you can check your email with https://haveibeenpwned.com/If your email is pwned in data breaches, you will see a read alert and message like below. It's will be your time to change your email password, reset your 2FA (wipe out current 2FA and set up a new one) or switch to a new email address. Oh no — pwned! Pwned in 9999 data breaches and found no pastes (subscribe to search sensitive breaches)
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