I don't know why I thought Kraken is based in Europe. 
To be sincere, Coinbase and Kraken seem safer to me. Maybe exactly due to the tighter regulations. I wouldn't feel safe holding a huge part of my funds on an asian exchange. But I might be biased, it's just how I feel.

The best way is to be responsible and keep your stack on your personal wallets. Paper wallets and hardware wallets are the best. 

I guess he was referring to the internet, not the computers, but he didn't know how to express it. In the highly unlikely scenario that we get hit by some SF ionic pulse that cancels any network communications we would need a backup solution. But I guess we'd get back at the old barter  - an egg for a bottle of milk, an apple for 100g of butter, etc. Gold is not portable enough to make mundane transactions with.

On the other hand blockchains can be backed up so once electricity and network connections are re-established theoretically we could resume the blockchain somehow.

I dig the statement "money/cash is liquid and it goes where there is a place to fill", but let's not forget that we're talking about smart money here, not retail anymore. Institutions are resourceful in finding the best investments. I don't see them pouring cash into altcoins. Bitcoin is an exception because it is the KING and it is on CMEs, got adopted by a lot of people and companies.

Just because the other coins,tokens out there are classified as cryptocurrencies doesn't mean they will share the same success as the honey badger.

My guess is that he wants to test the people's reaction on the market. Like any high-net worth individual he has difficulties entering big positions in the market. Beware of the institutions games to engineer liquidity.
Basically they might try to manipulate the masses through media and other means to sell while they accumulate, but I guess they have already done that especially Musk. xD

My memories of my first interaction with the Bitcoin network are somehow blurry. I remember I was wandering around faucets and doing some business with the old CEX cloud mining operations. And by business I mean purchasing a very small amount of contracts. My highlight is quite the opposite - not selling early an altcoin bag I hodled 'till I lost almost all my gains.

I recommed using a crypto card provider. Theoretically you don't have to convert to fiat yourself, they handle that part for you. The fees are quite low IMO if you don't make big monthly movements.
You can find a lot of digital and some physical products you can even in this forum. Check out the "Goods" section.

I don't know about your country, but in mine there are a few reputable online stores that accept BTC payments. Make sure you check the payment options. They might no make a big fuss about them accepting crypto payments.

Wow, thia post has been written around 6 years ago and I haven't thought from this perspective. Bitcoin is such a complex, but yet such a simple economic instrument.

Just to give an example, by holding BTC and not selling it the pressure on the market is lower, thus the price can more easily rise. This impact people who get loans using crypto as collaterals as well. They can leverage more fiat money for the same amount of coins.

Bitcoin is something new from a fundamental perspective so we can't really compare it with other assets regarding price history.

What we do know is that the same people who trade traditional assets are trading Bitcoin as well. Same emotions are involved: fear, greed and all the good in-between. We are now in a price discovery phase. Taking into account the limited supply and the force institutions use to enter the market these days, I wouldn't be surprised if we would touch $50k in a couple of months from now.

Guys, the community is very activity in their discord group. I'm sure the developers will offer you aid for each of your problems.
It's funny that the complaints are coming mainly from "newbie" accounts. Please make a minimum effort to search look for help. At least for my point of view, Stratis (STRAX) has more perspectives than a lot of the top 100 altcoins.

One does not have to know the technology behind Bitcoin in order to use it, but it would be ideal if he would.

Second of all, he says that Bitcoin is "complex to use". In the era of technology where we all know to browse smartphones, create Instagram stories, make selfies, etc. it is not harder to copy paste an address to send and receive Bitcoins from, especially when there are some very user-friendly wallet out there.

I think we are at a great moment in time, when Gold might no longer be considered the supreme asset that we use to hedge against economic crisis.

As Wozniak said, one cannot mess with mathematics. Once the numbers are in place, you cannot move them. Paired with the blockchain technology BTC is bound to be the highlight of the century IMO.

If Bitcoin is going to become a world-accepted standard of value/a hedge asset more powerful than precious metals, $20,000 is a huge bargain. Analysing the institutions queueing to add positions in this asset Bitcoin is on the path to become exactly that. Remember, that after investment funds, national reserves will follow. We don't know how much BTC is still really in circulation so the price could extrapolate very quickly.

Bitcoin supply is limited by design OR in other words it is "scarce by design". The network incrementally contributes to the value of this cryptocurrency. As time passes and the network is proven to be robust, people will gain more trust in it. Thus I'd say the correct sequence is: Scarcity --> Network --> Price.

I think this statistic is referring to retail traders and not professionals aka institutional trading.

The secret is discipline and risk management coupled with a reliable strategy that YOU can follow consistently. The emphasis is on the first two components: the ability to stick to your strategy and do not be distracted by the gains nor by the losses while keeping a solid risk management system in place will make you successful at trading.

Remember that emotions are very hard to control and much harder to master.

Excuse me, but how is this an inconvenient moment to get into Bitcoin? Would you rather have them enter at $50,000? xD

I think giveaways are a good way to spread the word about Bitcoin and cryptocurrencies in general as long as they are made by legitimate parties. If only 10% of those who follow this girl, get into Bitcoin that would mean at least 3k people. If on average they buy $100 worth of BTC each that's $300k pumped into the market through a simple tweet.

There is no "safe" percentage allocation to any investment. It all depends on the circumstances of the individual. If one has a steady monthly cash flow which can comfortably cover his expenses for several months or years ahead he shall be more prone to invest his money because his wellbeing does not depend on them. The age factor has some importance as well. It is not the same situation if I have 50 years in front of me to build a future or I have to provide for a family.

Financial literacy is imperative to progress financially. Sooner or later those who cannot control their impulses will 'burn' their portfolios. Be it in crypto space or in the stock market.

Last point: Definitely Bitcoin.

It is very encouraging to see more and more institutions invest their cash in Bitcoin. It is certainly a good sign. But we haven't yet seen the surge in price. My guess is that big funds are engineering the liquidity to fill as much as they can of their desired position before rocketing the price. Thus, $20k might be the base for the launch to 6 digits. Really exciting times!

The unwritten rule is that you get paid when you add value through your service and skills. If I were you I would spend most of my time developing a skill like programming, graphic design, writting. You will only become proficient at these if you practice a lot. So once you have a base of knowledge you can start looking for jobs on fiverr, freelancer, upwork. Even if you don't get a project for a time, if you keep working on your applications you will surely start getting some.

$1/hour is quite low tbh. I don't know how much you can buy in your country with that, but a delivery job or a McDonald's cashier should grant you more than that.


Learn to sell, man. If you can master it you will be able to get money out of nothing. Most of the so called "competition" out there is untrained and behave poorly. Go for it if you feel at least a little bit of passion for it.

I think it is a good idea to leverage your crypto assets if you have a proven working model to increase your wealth. So if you have a working business that generates constant profits and you need money to replenish inventory, purchase machinery, etc. I think it is a smart move to get small loans against BTC.

Keep in mind that you also have to bear the third party risk of default.

I think what you want is a crystal ball. In my opinion future's and options offer more than enough flexibility to maneuver your position exactly how you want. To use them at their full potential you need knowledge and practice.

To manage your Bitcoin stack against price swings try to set yourself a stop-loss and re-enter area. You need a plan, a strategy whether you are a trader or a long-term investor. 😉