Correct me if I'm wrong, is the recovery seed inside the .json file? If it is, you can open it via notepad or any text editor you have to see what it contains. AFAIK .json file are not a virus and not an executable file that will put a malware on your computer without your consent.

Writing down a recovery seed also has some risk because there is a possibility that you will misplace it or someone in your house might throw it away so keep it properly and make multiple copies of it.

This is what I sense too. Let's remember that bear market after 2017's ATH lasted for more than a year and it only started to recover by mid 2020. Bear market has just started so there is a high chance that we will dump more. Despite the recovery from the past few days, I don't think this will continue going up like a market reversal. Since most of us know how this market moves, I'm pretty sure that accumulating as much as possible is the best thing to do.

It's not likely to happen because if it does, it will create a huge green candle on the monthly timeframe. Those candles are usually followed by a red candle and that means a bloody month of august for bitcoin. I prefer a healthy slow rally than a sudden pump. Plus, many countries are facing a crisis now and there is a threat of recession globally which I think a pump to $50k this month is impossible.

Usually karamihan sa nakikita ko sa mga facebook groups, kung alin yung hype na coin yun yung binibili nila. Kumbaga ayaw nila ng long term gain, gusto nila easy money na mataas ang risk matalo. Tulad na lang nitong nangyari sa Luna crash. Nung nag bottom yun, may mga nagrisk bumili sa maliit na halaga at nagpump ito ng mahigit x10. Pagtapos ng pangyayari na yun, marami ang nahype at bumili din na umasa na magkaroon ng malaking kita. May iilan akong nakita na sa peak na nakabili at nung biglang dump ay nalugi agad sila. Same scenario din sa dogecoin hype last year, may kakilala ako na nag-invest ng malaki sa 25php per doge dahil sa speculation na $1 price at dahil na din isang kilalang personalidad ang naghype dito.

It's given that many countries are grieving his death because he is a good president. But he didn't have any known contribution to the crypto-community enough to shake the market. It's not like he is a developer of some crypto or owns a huge amount of bitcoin that his death will really make an impact to the market. Why is it when people around the world are affected by a certain news or issue, they always correlate it to bitcoin's price movement even if crypto is not related.

I will also add that never share to anyone your private or seed phrase. Use only the official links of a wallet before downloading it and putting your recovery phrase there. Make sure that your device is not compromised for some malwares that will result for your bitcoin and other crypto to disappear suddenly. Use multiple layer of security on hardware wallets. There are some that use fingerprint to approve transaction not just putting a 4-digit pin or alphanumeric password.

Internet has already the information we need to learn about bitcoin. If OP is really eager to learn about it then reading topics from different boards on this forum will already give him many idea what is bitcoin. You don't have to be a techy person to learn bitcoin. As long as you know the basic concept of bitcoin like how it works or how it can be traded then you're good to go. Just remember that investing into bitcoin is not a quick rich scheme. There are scammers that introduces bitcoin to newbies as a ponzi investment.

The hot spot for whales is during a bull run. When people are hyped if a crypto is going parabolic, these whales are just watching and waiting for the perfect time to dump their bags. The current market condition is where whales are accumulating before the next cycle again. If price will go down more, then whales will be happier because they will be able to buy more amount with their capital. This is the time you can become a millionaire in the future if you know what to do.

Stories like this is what makes people that are also in desperate need for money try their luck on gambling. Not everyone is lucky like Smith and also not greedy like him. There are people that spends all of their money, become bankrupt and still won't earn anything. There are also others who are able to earn decent amount of money from gambling but they just lose it again because of their greediness to earn more from it.

Bump ko lang yung post na to.

Gusto ko sana malaman kung hanggang ngayon di magkakaroon ng issue pag nag p2p trade ako sa binance papuntang Unionbank account ko. Usually kasi sa coins.ph ako nagcoconvert ng crypto to php kaso napansin ko na napakababa ng rate nila sa USDC/USDT to PHP kumpara sa rate ng binance p2p. Sa mahal ng bilihin ngayon, sayang din yung price difference na 100 pesos kung iipunin mo sa bawat transaction.

Freelancing has become a trend so not all unemployed are jobless like what most people think. New generations now are more open-minded, they are not afraid to explore other field of work that will also give them mental stability. Some of my friends said they earn 5x more compared to their previous 9 to 5 job. They can work freely at their own time and still able to do their hobbies. As long as there is an opportunity for someone to earn money at their own comfort, this high unemployment rate will not decrease.

This is just the beginning of bear season imo and I believe we will dump more in the coming months. If it breaks above $20k then that's just a relief rally and won't stay long or continue to go up again. My bias is bitcoin will reach $13k first as the bottom before the market starts to recover again. That would follow the historical corrections it made from its previous ATHs last year and 2017. Regardless if As long as the mainstream media is bearish in bitcoin, I will keep accumulating until it breaks $30k again.

Is there someone that only knows bitcoin because of its value and not aware of that utility? People that invest their money on bitcoin obviously knows that it can be transferred anywhere around the world.  Price is important because it's just like demand and supply. If price keeps crashing and no one buys it then how can it be a means of exchange if its value is zero. Bitcoin is more of an investment to many people because of its increasing value over the years.

The government can't do anything to these scammers because they don't have the authority to control the social media. All they can do is warn people about the said scammer or company to avoid investing their money on it. People in social media can create or steal any identity they want. They can't arrest someone just because people are accusing the person without solid proofs that he is really the one that scammed them.

As simple as this:

• Bitcoin -> USD
• Cryptocurrency -> Fiat

A cryptocurrency is a medium of exchange and bitcoin is one of those. Bitcoin is the first crypto to be created and considered as the king but there are also other crypto like ETH, BNB, MATIC, etc. which have different utilities that is tied to bitcoin's price.

Same with Fiat or paper money, it is our traditional mean of exchange and USD is the main currency. Our local currencies' (PHP, Yuan, Yen, Euro, etc.) is dependent on it, without USD existing our local fiat won't have its value.

Hold lang at accumulate hangga't makakaya ang pinaka-magandang gawin ngayon natin bear season. Ngayon yung time na dapat tayo ay bumibili ng mga top coins tulad ng BNB, SOL, at ETH dahil kapag nag-ATH ulit sila ay malaki ang ating kikitain. Hindi na natin dapat hintayin na umangat pa ulit ang market saka tayo bibili. Pwedeng hindi pa ito ang bottom ng dump na to pero hindi naman habambuhay ay nasa ganito tayong market situation.

Trading can really be a profitable career but never consider quitting your job. Just make it as a side hustle of yours whenever possible. Trading is more like a business for me as it needs a huge capital when the market doesn't go your way. You need to have a deep pocket to still trade if the market continues dumping and stay at a lower price for some time.


I don't think there is someone that does trading profitably just by doing that. Market is very unstable and global factors also affects the movement of it.


Trading is very different from gambling. You can calculate your risks in trading by using different strategies, indicators, and charts that will help you decide your plan. Unlike in gambling, you mostly depend on your luck to win.

No one can predict the bottom so what you've been doing is the perfect approach for me. Price has been continuously dumping over the past months so basically you are dollar-cost-averaging(DC) with your monthly salary. If you think cryptos could go lower at this point then you can leave half the portion of your salary then stack it until the price you want to buy reach it. Continue doing it until the next bull run and you can be one of those successful people in crypto.

Investing is not just about putting your money into crypto or stocks then sell it for a profit. Investing can be having a business, if you're a business owner then you can provide work to people. You will need to buy the raw materials needed for your business which helps the country's economy. Your employees' use their salary to buy necessities which also helps the economy and the cycle goes on. Buying properties and selling it after some years is also called investing. If your goal of using your money is to generate more money then I consider that as investing.

I always have this question in my mind.

Would people still gamble or casinos business will boom if money is not involved as the jackpot but instead the prizes is things that we use in our daily life like food in form of gift cards or vouchers to pay our utility bills. Imagine casinos will offer a $100k worth of gift card that can be use on a particular grocery store that they support, use to buy gas, etc. There could be other prizes too like a brand new car or house. Would people still gamble if we are living in a world like that because we all know that the main reason of gambling addiction is money.