You "may" consider it wasted if we look at it from that perspective. It depends on what's your perspective is.

Firstly, bitcoin wasn't meant for micro transactions. The Lightning Network can be used to do micro transactions.
Transferring $1 over the LN is not wasted since it would consume a low amount of fees.
Transferring $1 over the bitcoin network is meaningless since you will end up paying more in the fees itself.

Again, it depends on your perspective. If you want to stay pseudonymous and don't bother about the fees then transferring $1 is essentially not wasted.

This is a pure act of pump and dump and it is a well known strategy by big whales to manipulate the market and earn profits out of it.
They create a FOMO in the market and spread the word by signalling groups and social media pages such as reddit, twitter, facebook etc.. and then start selling once their threshold has been met.
But people these days have become aware of such dumps and are less frequent to fall for such FOMOs.

So by the term "does everything for me" you mean it automatically opens a channel for you right ?
Even if it does it automatically, you would still have to pay the fees for opening the channel right ?

That's the story for most of the traders I guess. No matter how good of a trader we are, we always hope to maximize our profits.
This is where many of us fail and wait a little longer in the hope to rake back profits but end up losing them.
This is why a dedicated strategy is a must and more than that, a strong will to follow the strategy is definitely needed.
As you said, we should always put the stop loss since it helps us many times to stop losing more.

Stopping the trade is something we should do when we have no idea what to do or what strategy we should use at that particular time.
Times like these do arrive but frequently stopping the trade might also make us lose the opportunities to gain from the market.

I have not used the Lightning Network yet but will probably use it soon. I did try to open up a channel once.
I had downloaded and configured the Electrum wallet to open up a channel just when the payment was settled mutually.
So I'm just waiting for the next payment period to arrive when I will be opening up a channel and then start the Lightning Network payment on occasions.

One thing I would like to ask is many people are mentioning wallets I have never heard of before.
Is Electrum not so good for Lightning payments or are the other wallets too good for them ?

A losing streak is very common in almost any game while gambling. I have faced losing streaks of 7, 11 and 16 and definitely it were some bad experiences.
I remember posting about one of these streaks on this forum and I found out it is very common to face these losing streaks.
Since gamblers like me have limited amount kept for gambling, the negative streak ends up the whole balance while doing a martingale.
I then realized it is better to stop gambling when we face upto 5 losing bets continuously and this method has saved me many times.

Yes you're absolutely right. The family would have wished the guy not to win the lottery if it were at his life's stake.
What's the use of money when it is at a stake of someone's life ? Doesn't this persuade us to stop such lotteries with such huge amounts that it can risk someone's life.
Lotteries are meant to be a fun giveaway and not a source of making money. Huge amounts on lotteries just persuade more people to get involved with lotteries.
Many get addicted to buying lotteries as well and end up losing their hard earned money. So yeah, these jackpots have more negative affects than positive ones.

John McAfee has been promoting shitcoins since many years and I wouldn't be surprised if he gets charged for crypto fraud.
Money laundering is something which is hard to prove in cryptocurrency. They can charge anybody for money laundering.
Even Charlie Shrem was accused of money laundering for running BitInstant.

Wow, that makes so much sense now. I never thought of this before.
The current situation for crypto is the same in India. There's a FUD that Indian government might ban cryptocurrencies.
At the same time they want to embrace the blockchain technology and are planning to launch their own CBDC.
I was wondering why they are thinking to ban crypto at the first place while they can simply regularize it and profit from it.
Now I understand that they will first create a wall by banning cryptocurrency usage and then create a door by regularizing it hence having total control on their user base.

I don't think it has anything to do with the crypto ban discussion currently building up in the Indian crypto community.
Binance has been facing similar issues recently and I think it has something to do with the Binance team.
Either it is because of the recent surge in trading volumes or may be the lack of support from traditional banks.


As of now things are not so worse and it would still be okay to hold crypto on the exchange unless it is a big amount.
Bigger amounts should always be stored in non-custodial wallets only.

Only a few people are real professionals when it comes to crypto trading. Since crypto market is so volatile it is very hard to gain consistent profits.
On top of that, if you are so confident that you decide to resign from your day job then you must have earned really good profits.
I would only say that if you have really earned consistent profits for a long time only then consider leaving your day job and go full time crypto trading.
Otherwise it might be a bad decision if you just get profits in volatility.

We can't really say whether this should be taken in a good way or not because the term "experiments" can be taken as

1. Experimenting with CBDC
2. Experimenting with native cyptocurrencies within India
3. Experimenting Bitcoin and altcoins.

If it's the third then it might be a good sign since it might lead to regulation and eventually acceptance of cryptocurrencies in India as a whole.
If it's one of the first two then it will simply they will be prohibit the use of cryptocurrencies than the ones created in India or by the RBI.

To be honest, the Indian government has only been making ambiguous statements when it comes to crypto and doesn't really have a clear mindset right from the beginning.

Why does it matter where those guys store their bitcoins ?
Even if anybody finds that information out, he/she shouldn't bring out that information since it is something private.
These kind of sensitive information should be kept private otherwise there are a good chances of hackers attacking you.

Being a bitcoiner/crypto enthusiast it is a must for people like us to beware of such spyware softwares.
These keyloggers are a very easy way to get user credentials and give away private information to hackers.
I remember when I was 15 years old I used a keylogger to get the admin password to access my brother's admin account.
It was fun but it shows how easy it is for anybody to get access to your devices. God forbid if you use 3rd party keyboards and access your crypto wallets then your coins are at stake.

That's the most appropriate thing anybody should do but let's consider the below scenario

Assuming I left some BTC on the exchange when it was worth $50 and I don't feel like trading anymore.
So I take a break and come back after 2 years to find out bitcoin spiked up to 15x times.
Considering BTC spiked from $3000 to $58000 in last 12 months it is quite a possible scenario.
So now my $50 turned into $750 but when I login into my account it's not there or may be the exchange charged a hefty fees for inactivity.

$50 would not have been a big amount back then which is why I would not have considered to transfer it to a non-custodial wallet.

What should be best thing to do in such a scenario ? @stompix

You are right. I used the term "Risk to reward ratio" wrongly. My bad.
But what I meant was when the odds are high the rewards are low. The risk is lower too but when our luck goes against us we lose the whole amount on the bet.
This is where I don't like it since the reward was low yet I lost a bigger chunk of amount on the bet. And yeah this is bound to happen since it comes under the risk taking category.

In simple terms Full nodes are computer clients which has the whole blockchain downloaded to their computers. Full nodes are also called as peers. Hence bitcoin network is called as a peer to peer network.
Full nodes increase the robustness of the bitcoin network by keeping it decentralized. Full nodes validates the blocks and adds them to the longest chain. A block receives one confirmation when it is added to the longest chain. When another block is added on top of the current block it receives 2 confirmations and so on. A block is added every 10 minutes approximately. Full nodes are important because they keep the bitcoin network secure.


Well technically miners do validate the transactions by referencing it through the consensus rules. Miners reject any transaction if they are invalid and add the valid transactions to the block. Source : Mastering Bitcoin


 

Exactly! I recently did a math and even if we start with 1 Satoshi and do a martingale with 2x then it would cost 1.3 BTC around 26 bets of losing streak.
So it's not even 30 bets of losing streak. Only a fool will bet more than 1BTC to receive a reward of 1 Satoshi in profit.
This is where martingale strategy sucks but yeah there are other ways to use martingale as well.
Such as changing the seeds or continuing the other day or may be changing the strategy in some other way.

As bitcoin rallies upward we can see a huge number of people showing interest in crypto. With the rise of crypto community, people are diving in to join the race to become a crypto activist. While this is globally increasing the number of people adopting crypto I want to see how much we Indians are fascinated about it.
Here is a poll which would help us know what majority of us are interested in. You have two votes to cast in. Choose wisely and nicely  

Request everyone who reads this post to join the poll and show how you are interested in crypto.

Bang on ! I was waiting for someone to post this and you did it in a better way.
I wonder why people don't use the search function when it can easily answer all our queries most of the time.
Procrastination ??