Wow, that's a long litany probably consisting of a very familiar narrative. Well, it's too long; I didn't read. A very long OP written almost in a single paragraph won't attract readers.

Anyway, I suppose the bottom line is that don't trust anybody, more especially strangers, and most especially strangers online. Don't trust anybody, more especially with your fiat, and most especially with your Bitcoin.

Moreover, don't trust individuals on Youtube, Telegram, Twitter, Facebook, and all others regarding signals. And don't trust them regarding investment opportunities either.   

You already figured it out until the next surprise which, by the way, comes one after another in short intervals.

You are right but it is easy to say when you are several steps back. Try to get into it very closely like putting money where your mouth, get into day trading, and so on and you will realize it is a lot easier said than done.

Taking off from your statement, what made people trust Bitcoin more despite the fact that its price already went spiraling down from $20,000 toward the $3,000 rock bottom? Your statement may have some truth in it but they're not absolutely right. Because if price is the only indicator of trust, I'm afraid everything about Bitcoin's price movements are straight lines, which isn't the case actually.

Correct me if I'm wrong but it is actually possible to recover BCH erroneously sent to a BTC address, right? However, in the case of Coinbase where there are tens of millions of users and possibly thousands of similar accidents or mistakes, and probably even thousands more involving other cross-chain deposits, happening regularly, I doubt they would give much attention to it. Secondly, and more importantly, since the recovery of such a mistake involves the private keys, I doubt there are actually support staff who could do the recovery for you.

Anyway, have you reached out to Coinbase regarding what you've found out, that your funds was actually recovered and moved as per the blockchain?

Almost 50% of the world's population? I highly doubt it. Or if the number is that high, I would say less than 10% of those who have heard or encountered Bitcoin and crypto in one way or another either don't have any idea what they truly are or are not actively into it.

I suppose every single person who truly knows about cryptocurrency knows about Bitcoin. Bitcoin, after all, is somehow bigger than crypto itself. Most likely, there are less than 100 million Bitcoin wallets in existence.^[1] If that's the case, there are definitely much lesser wallet owners. Even rounding off the Bitcoin wallet owners to 100 million, that's still only a little above 1% of the total world's population.

The point is that global saturation is far from happening and there are still billions of people who have yet to hear the good news.

[1] https://www.buybitcoinworldwide.com/how-many-bitcoin-users/#:~:text=With%20that%20said%2C%20one%20Bitcoin,64%20million%20wallets%20in%20existence.

Why do you have to do that? HitBTC is only suspending Polymath's withdrawal but only its withdrawal. Everything else related to Polymath seems open. Polymath deposit is allowed as well as its transfer and trading. So if you want to take profit from your Polymath, why don't you try to trade it with BTC or ETH or USDT if you wish?

Well, I'm looking at HitBTC's system monitor only.

At what price did you sell? And did you buy back when the price bottomed at ~$48,000?

It is so easy to panic. It is so easy to sell when the price starts dipping hard. But do you know its bottom? Do you know at what point will the price bounce back? How about the price right now, is it still selling time or is it already buy back time?

If you cannot give clear and firm answers on these based on solid analyses, you better keep hodling.

As an answer to the question posed in the subject, no, I don't think so. I don't even think Bitcoin plays a very significant role in Venezuela's national economy right now, and definitely much much lesser in socio-political issues. Foreign remittance is probably where Bitcoin is very much useful, and perhaps among middle class citizens who still have pretty open access to the online world. However, I think the great majority of domestic day-to-day transactions are still done in the local currency, and Bitcoin and other cryptocurrencies will have to be converted to it first before getting spent.

What would definitely smash socialism out of Venezuela is its continuous poor leadership which results to an even higher inflation further resulting to a steady increase in poverty rate, unemployment, migration, crimes, and so on and so forth. Disillusionment will eventually arrive among the populace. The current grip to power of Maduro and the United Socialist Party of Venezuela will sooner loosen up and everything will just crumble down. And all this has nothing to do with Bitcoin.

I'd rather stick to the subjective theory of value which basically says things got their value out of people's need or desire for it. Man, Bitcoin may be a worthless piece of shit to you. But tell that to the millions of unbanked people, to millionaires and billionaires around the world trying to keep their wealth's worth, and to the richest man on this planet who finds Bitcoin a sort of a refuge in the face of a fiat currency which offers nothing but negative real interest.^[1] If you say Bitcoin is worthless without fiat, then perhaps you need to go back to the start and try to get the tiniest of inkling about it.

[1] https://twitter.com/elonmusk/status/1362600676174557186

The Secure Asset Fund for Users by Binance or commonly called SAFU is not really stored along with the rest of the exchange funds. Accordingly, it is being kept in a cold storage separate from the site's fund. So, I guess a successful hack on the site does not mean the insurance fund is also compromised. That's highly unlikely. CZ must have known better than storing the site's fund along with the insurance.

I'm sorry for misleading you with my post. Perhaps I structured it the wrong way. What I meant to say is that yeah, Exodus has that very convenient feature in which you can send your Bitcoin by making input in USD. However, you are correct that the same feature is not offered when receiving.

So, the exact features you are looking for in a wallet is non-existent on Exodus. They are on the 3 mentioned wallets, though.

Again, my apologies.

Yeah, Exodus wallet has that very convenient feature. But if you are looking for an alternative to Exodus with that exact feature you are looking for, you might want to check the following trusted and reliable wallets:

1. Coinomi- You can type in the amount in fiat and get a QR code for it which you could easily share with the sender.
2. BlueWallet- It has this "Receive with amount" feature which also comes with a QR code you can share. With BlueWallet, you can easily switch from BTC to fiat to Sats. The QR code also conveniently comes with a description, so it is very easy for the sender to tell that the QR comes from you and for this or that purpose.
3. BRD Wallet- It has "Request an amount" feature. You can also easily switch from BTC to fiat and get a QR code for it.

Please take note that I used all of these wallets with the iOS version. So that's basically their mobile wallets. Note further that I am not recommending any of these. Neither am I connected to them. Please do your own research before choosing.

First off, it looks to me Elon is a player. Moreover, his words are sometimes enigmatic, sarcastic, and so on. And more often, people or his tens of millions of followers, many of them blind, probably do things which are not the ones Elon must have wanted them to do as per his tweets or statements. But he doesn't care about them. He just does his thing. Elon is probably thinking he doesn't have any responsibility over his followers, and perhaps rightly so.

Secondly, it seems to me Elon does not have the perfect money in mind. And the statement in the OP does not mean Elon is backing off as a Bitcoin bull. In the first place, was he ever a Bitcoin bull? What's clear is that Elon is not a fan of fiat. And Bitcoin critics cannot just celebrate simply because Elon calls Bitcoin almost as BS as fiat. It seems this is just a battle of lesser evil. Both are BS but one is apparently better than the other.

Are you sure about it being the only drawback? Aren't you going to consider the exorbitant fees a huge drawback? While it is advisable not to store funds in exchange wallets, it is also a pain in the ass if you prefer making deposit and withdrawal each time you want to trade. It costs you a lot.

With Binance, your funds are also insured so you are somehow protected if the exchange got compromised. This is encouraging and will somehow allay the fears of many as regards keeping funds in an exchange, although I would also prefer that such insurance fund is held by a third party.

You will also pay premium and fees when you buy and sell Bitcoin. Sometimes, you even allow yourself to have the spread get the better of you if you are in a hurry to sell a certain amount.


Theft is a really huge problem with Bitcoin, probably more than with gold. There are probably more ways for thieves to steal Bitcoin than with gold. Furthermore, with gold you oftentimes don't have them in your possession except if you intend to keep physical gold.

Volatility is both good and bad. It is both an opportunity and a disaster.


You may adjust your portfolio as you wish but you probably does not fully switch more often.

As much as we want to avoid this huge exchange, it seems it is still one of the safest we can turn to during these bull days.

But I agree that sometimes the one you rely on the most is indeed a huge pain in the ass. And with all your disappointment, frustration, and head-shaking, the owner will just tell you that "we don't like in a perfect world." LOL. What a joke!

First off, I haven't tried using Safepal, but I heard of it through Binance. Other than a quick skim over its features, I have no first-hand knowledge about it's actual operation. However, I guess it will become a trusted hardware wallet someday. It's just that it is a new entrant to the market. It has yet to create a solid reputation compared to Ledger which has been serving crypto fans for several decades with an almost unblemished record.

However, it should be noted that Safepal has integrated a lot of innovation to their hardware wallet. It's battery-powered, has a camera, a screen for the QR code, and so on. But I don't believe that it is fully air-gapped.

All Bitcoiners who remained until today are lucky. But there are those who had much and there are those who only have enough. So they vary in degrees but, again, they are all lucky.

But we can't say whether that mansion was really out of Bitcoin or not. Anybody can just do that thing. Anybody can say my Lamborghini is out of my Bitcoin profit. Everybody can ride on a yacht and say I bought this using my Bitcoin gains.

But, as others have said, no need flaunting wealth. I, too, am very lucky with Bitcoin. From the moment I met Satoshi's invention, I never had any problem looking for my next meal.

It does matter a lot not just in football but also on all team sports. Team sports is not just about skill. Skill may be important but it will not be the only ingredient for a winning team. Chemistry and respect are two of the most important characteristics of a strong team.

In the NBA, for example, one player may register double doubles or even triple doubles repeatedly, but those stats do not win games. I know many NBA fans here have some idea on who I may be referring to. Triple double is such a nice achievement, but only personally. What use is it if in achieving it you are losing the game?

I have also seen the extreme importance of team cohesion in eSports such as DOTA II.

I'm afraid Binance does not offer that.

However, I recommend that you use a tracker so that you can easily monitor your portfolio. You can also monitor how much they have increased or decreased both in terms of USD price, ETH price, or BTC price. You can also get to see their movements through graphs.

I have been using Blockfolio on my mobile to make sure I can check on my coins' movements every now and then. You also have the option to add transactions on your account so that you will know your real balance overall. If you don't wish to, you may always opt to just watch certain coins and their price movements. Blockfolio also offers the latest crypto news, your profit/loss update per coin, development updates per coin, and so on and so forth.

I don't know how wide the margin of error in this survey. However, speaking from among the top countries on the list, I'd say I cannot feel it on the ground. My friends and acquaintances are a mixture of ordinary people on the streets and those who are somehow well-updated on what's new and trending in the world, in fintech in particular. The former have almost zero knowledge of Bitcoin. Many of the latter may be familiar with Bitcoin or crypto. However, those who are familiar comprise only the small minority of the country's population.

I got immersed into crypto when I was an expat. From my personal experience, crypto is more widespread among office-based expats but probably not among those blue-collared workers. Crypto was the most preferable choice for remittance. However, back in my own country, you can very seldom see a business establishment accepting crypto payments. Even banks are somewhat apprehensive even of the word Bitcoin. The mere mention of it might actually get your account frozen.