The main rule of investing is investing only what you can afford to lose. If you are breaking it by investing money that are a part of your safety net, then Bitcoin is not suitable for such investments due to its volatility. In this case you should be investing in assets that can only go up, like bank deposits that allow early withdrawal with a penalty.

This is wrong. Had they really wanted to stop Bitcoin, they would first things first shut down all centralized exchanges and cutoff Bitcoin services from the banking system. That alone would kill Bitcoin's viability for people who don't use deepweb services and similar stuff. But governments didn't do this because they don't care that much about Bitcoin at least as long as its just a store of value that can be taxed when it's liquidated.

This advice can be both good or bad depending on how people will interpret it. The most simple solution is to store coins where you bought them - on exchange, and we all know how bad it is. A little bit more complex option is a hot software wallet, and we also know how risky it can be. A simple cold storage or hardware wallet setup is providing enough security for nearly all users. There's indeed a danger in overcomplicating, especially by making custom encryption or encoding algorithms, using layers of encryption, splitting the seed and so on. All of it will increase the chance of losing the key while the security benefits are an overkill.

We already had a global pandemic that was far worse for Bitcoin than some global tensions, because it actually affected the economy and people's ability to invest. And still Bitcoin performed remarkably well in 2020 and 2021.

And in general there's no strong correlation between Bitcoin price and some global events. Bitcoin changes its price all the time and people try to explain it my looking at the current news, but if you make a historical analysis, you will see that they don't really affect the price.

I'm pretty sure he can sustain his losses with Twitter for some time, but eventually they will become so massive that he'll have to sell it. But I don't see how it can bankrupt him, he's crazy rich from Tesla and SpaceX. As long as those companies are profitable, he is too big to fail. And he is not managing them like he manages Twitter. Twitter is just his toy that he impulse-bought just because he could.

This isn't a forum about moneymaking though. This is a general forum about Bitcoin, where people discuss everything about Bitcoin - like its place in this world, technical developments, how to use it, etc. Making money in Bitcoin ecosystem is just one aspect of this forum. Beginners shouldn't think that the main purpose of this forum is to learn about making money with Bitcoin.

This applies to every government in the world. Every country might go to war at some point in the future and might attempt to start seizing coins if things will get dire for the war economy. If people will voluntarily or involuntarily let their government know how many coins they own, the government might come to them to confiscate the coins, and even if they attempt to hide the coins, the coins or the liquidated funds will become harder to use legally. So it's not like crypto is a perfect loophole for avoiding funds seizure.

Government currency used to be backed by gold, and further back it used to be made of gold and other precious metals. And governments functioned just well in those times.

And let's be realistic, massive switch to Bitcoin will not happen. People don't want to do this, because they don't care about inflation, bad government, financial freedom and so on. And even if they tried to switch to Bitcoin, the government would intervene and ban all large entities that can easily be controlled from dealing with Bitcoin.

The ATH peak lasted only for a day or so, I doubt there's a lot of people who bought at that time, who hold those coins till now, etc. Many of the losers of the last bull market have cut their losses and maybe even bought lower and are now sitting on a good position for the bull run. We don't really know the structure of the market, we don't have any data for that, maybe only the exchanges know it, but they won't share it, because why should they? So we can only make baseless guesses about who and when bought/sold some coins and what they plan to do.

Plus it all entirely ignores the buy pressure. If there's a huge buy pressure, it can overcome a selling pressure even at ATH.

No one outside of Bitcoin community is even going to notice a 10% price increase or decrease. The sort of bad reputation of Bitcoin comes from the bull/bear cycles, because some people win big and those who buy at the top lose big. Such unpredictable volatility goes against the principles of investing that investing should be a calculated and known risk. With Bitcoin no one knows when a bull market starts or when it ends.

I want to believe that the majority of coins that are held on exchanges are owned by day traders who have little choice but to keep their coins there, because of transaction speed and costs. Because it should be a common wisdom by now that coins held on exchanges are almost as good as gone in the long term.

Most people don't want their daily things, like currency, to be "magical". They want them to work smoothly, without any problems, without any extra effort, without risks. Being your own bank is not some fun activity, it's quite stressful and quite demanding. Most people have zero clue about cybersecurity and cryptography, they at best google some advice on the Internet, which will often be quite poor if they don't put effort in their research.

You can always buy back later for the next bull run. And looking at the past performance, the price difference between bull market and bear market is quite big, so in the past selling all coins wasn't a risky decision if you sell late during the bull run. The biggest risk in selling all coins is that the price will keep going up and never fall down below that level ever again. To avoid this it's better to not sell early in the bull market and wait for the bull market to mature.

This poll surveyed 76 entities - it's not clear how representative this is, and whether they were chosen randomly or if they all are Binance clients. Also, the full results show that 33% hold coins in cold storage and 18% use hot wallets. This means that the responders use different storage methods simultaneously. And without knowing the proportion of allocated coins, this poll is not very useful. It could be that many investors hold the majority of their coins in self-custody while having a smaller share of their coins on exchanges for day trading.

The Internet can't suddenly break, it's very resilient. But if it will be gone, it would be because there's a much larger problem - a global thermonuclear war, a huge solar flare, total collapse of human civilization, etc. With those events money will no longer matter much, only your survival skills will. So if you are worried about such things, than try to get ready for them.

When you're looking at reward, you should also analyze it together with the risk. There's no guarantee that Bitcoin will even double its price. Or that it will go up at all. It might even be the first halvening when the price will fall. All we know that in the past halvenings meant bull runs, but we still don't fully understand why and how things will be in the future.

For a lot of people, guaranteed and predictable 10% growth  per year is far better than a prospect of doubling money in a year, but without any certainty.

Who cares what a shitcoin seller thinks. He's just scamming people who invest in web3, thinking it's the next big thing, but in a few years web3 will be as dead as ICO, NFT and all the other crypto trends. The only permanent thing in crypto world is Bitcoin, because Bitcoin actually has use cases in real world. Being an actually usable elecrtronic currency and a store of value is far more than any altcoin will ever achieve. Bitcoin doesn't need innovation for the sake of innovation, or more like for the sake of dumping premine, because Bitcoin is already being used by real people.

In some way it's stil a p2p electronic cash, because nothing stops you from using it that way. But the current incentives push most users to view it as an investment rather than a payment method. There's not a lot of places that accept Bitcoin, and fees might get high sometimes, and price volatility means it's often better to wait for a more favorable price.

Bitcoin's value does not depend solely on its use as a currency. People could avoid using it as electronic cash at all, and it would still be valuable because storing value for long term is also an important property.

If one of your password managers is compromised, chances are the other will be too. A keylogger could still the passwords to both password managers when you unlock them. To mitigate this you should use password managers with parts of your seed on different devices that do not share a common space that could infect them both.

Offline storage could be encrypted too. Wallet seed could require an extension word, or you could use a scheme that results in human-readable encrypted formats. This would solve the problem of having your coins stolen if the seed is stolen, but would add the problem of managing another key.

The worst part is that there's no escape from their clutches. Decentralized exchanges can't scale to support as many trades per second as centralized exchanges have, especially when it comes to crypto against fiat trades. DEX work great if you need to occasionally trade a small sum, but they are not suitable for day trading and high-frequency trading.