It's really a combination of a lot of things, including things like financial stability that can definitely help with investing in general. But really? In my earlier days I managed to multiply my net worth just by holding bitcoin, without even having a stable source of income. You're only really forced to sell your BTC if your only source of income is concerning bitcoin; which isn't necessarily bad, but it's really really beneficial to have multiple sources of income, and not solely rely on BTC price increases and Bitcointalk campaigns.

I wouldn't. Trading takes a good amount of personal interest to actually end up pulling it off. I'd rather him/her trying it himself/herself due to self interest rather than telling him/her to try it.

I'd personally rather introduce markets in general; because in today's world, investing your money in productive assets is absolutely necessary, whereas trading isn't because people can make money through other means(jobs/businesses/etc).

If we get to have the same price cycles as the previous bull markets at the end of the year, $100k is very conservative. Even Raoul Pal is predicting $200k EoY if my memory serves me right lol. But then again, it's a huge 'if'.

Yep. If you use leverage willy-nilly then of course it's really really risky. But then again, maybe don't even trade at all if you can't afford to lose money in the first place. Trading is never guaranteed profit.

That's pretty much it. The height of the ceiling only depends on how much risk you're willing to take. But of course, at the same time it could just as easily go the opposite way and end you up with zero in no time.

$15,000? Sure, very very possible. You can even make $5000 a month starting with $100 using leverage.

But the question is, how good are you actually with trading? Because the results will mostly depend on your skills/knowledge rather than your bankroll, and how much risk you're willing to take. You can even start with $1 million but you'd lose it all if you don't know what you're doing.

I'd personally pick USDC over USDT. Also, when you're using USDT or USDC, always remember that you're using a custodial asset. Not because it's a "cryptocurrency", it doesn't automatically mean that you're going to be fine as long as you're using a non-custodial wallet.

PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets https://bitcointalk.org/index.php?topic=5204055

Damn bro, me too! My 3 year old niece already know RSI when it comes to trading and P/E ratios when it comes to investments! /s

Yea same. Dude's passion was contagious and is totally on a different level, and he was a really really likeable person back then pre-forks. It's just unfortunate that he went the 'different' route. Tbh if he ever admit his mistakes and jump back to the BTC camp, I'm personally going to be fine with it, even if it's likely that the community wouldn't.

I don't think so in this case. It's still a lot more due to market reasons than technological reasons. The same reason how Ethereum Classic(ETC) won't necessarily gain adoption if Ethereum(ETH) gains adoption, and how BCH and BSV won't necessarily gain adoption if BTC gains adoption.

Funny how like last week almost everyone's bullishbearish, predicting a drop down to 20k-30k and all that. And just like with a simply flick of a switch, we bullish again! To the moon! /s

Yea, one of the reasons why people should simply just hold and not try to time tops and bottoms.

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EDIT: typo

Been seeing a lot of hyped things about the likes of Sovryn and Stacks as well, about having "DeFi on Bitcoin" or something. But meh, things could be all talk in the cryptocurrency space so I'll believe it when I see it.

It's simply because a significant percentage of the trading pairs with good volumes are still the BTC/altcoin and ETH/altcoin trading pairs. Though we've been seeing growing trading volumes with stablecoins(USDT and USDC) since the past months, despite Tether(USDT) still being quite "controversial".

I knew there has been A LOT of Complaints concerning Coinbase and their laughably bad customer support, but what do you mean by "highly corrupt" specifically? In what way?

Oh damn, speaking of Roger Ver, didn't he just sort of suddenly disappear from the public(Twitter, specifically)? It seems like he finally gave up, thankfully so. Now someone just needs to convince Faketoshi to do the same; knowing that him and BSV's reputation is far far worse than Roger Ver and BCH.

Leaving funds unnecessarily on centralized exchanges has ALWAYS been risky. It's not like this is only the 1st/2nd/3rd hack we've had since the inception of bitcoin(we're currently at 50+ now), it's just that a lot of people refuse to learn from history. Thinking that the exchange that they're using is "secure enough", not knowing that these hacked exchanges themselves has been thought of their users as "safe enough".

I've always thought that the business model of the likes of Bull Bitcoin(a Canadian bitcoin exchange that doesn't provide wallet services, instead sends the bitcoin straight to your own wallet) has always been a net-positive for the cryptocurrency space; simply due to the fact that it teaches(a.k.a. forces) their users to use non-custodial wallets. Unfortunately exchanges that provide wallet services are simply far more better business-wise due to the laziness of most people.

This couldn't be any more true. In the 2018-2020 bear market, where I solely held BTC, I couldn't give a crap when it dropped to 3k, knowing that it will go back up someday. Now that we're borderline 'somewhat' in a bull market, that I'm back to having altcoin bets to increase my stack, I've been a lot more restless. Bear markets are honestly a lot more relaxing.

Am I misunderstanding this, or are you saying that exchange hacks only occur when it seems like price corrections are going to be imminent?

It's easy to say that staking is great if you look at the numbers alone. 4-6% on top of asset value increase? It's a no brainer, right? No. Because you're going to risk handing over your funds to a centralized business. I'm in no way going to be comfortable with that.