Fiats are fiats, if you check real actual value and fiat index, you will know fiats are not just unstable, even the so called Malaysia fiat is not stable at all.

It is not possible for a country to use bitcoin as their currency, they will still prefer their fiat. But that does not stop bitcoin from progressing because bitcoin is not a country coin but world coin because it is meant to be decentralized. If people from a particular country like, they can hold bitcoin which is better than fiat.

For now it is in all cases, and no case ever like that in a way country will use bitcoin as fiat.

Your bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=2819049
Posts count (including this one): 447
Earned merits amount in the last 120 days period: 75
BTC Address: bc1q2sefg02mlpc3muyuzx3exn5nadx74k9zzu5lkr

The easy to fall for by ignorant people are scams, there are varying degrees and different types of cyber criminals now, most of the methods used to scam is not really different from time to time, but despite this, scam is still increasing daily. Many people that are scammed are greedy, not patient and not researching about offers, that is why such people are scammed until they learn lesson.

Example of scam can be through Google store, social media like Facebook and Twitter, scam can be of different types but having knowledge about it can completely help and protect against it.

I will like to add hacking, one of the ways to also scam, to avoid these kind of scam require people to have good knowledge about computers and other devices used to access online,  how the devices can be protected and ways to avoid these hackers because they are dangerous. That is why we are in the age of protecting our devices used to access online in a way to avoid malacious files not to be downloaded on the devices.

It can not be possible to us replace by fee to reduce the transaction fee, I do not think it can even work, it can not work, you need higher fee to replace a fee which means you replace small fee transaction for higher fee so that the transaction will be placed in the next block. Only higher fee can be used to replace smaller fee for faster transaction confirmation.

P2PKH- legacy, bitcoin addresses that start with 1 are legacy addresses.
P2SH- addresses that start with 3 are nested segwit
Bech32- addresses that start with bcq1 bc1are the native segwit.

For more information about nested segwit
https://github.com/bitcoin/bips/blob/master/bip-0049.mediawiki

For more information about native segwit
https://github.com/bitcoin/bips/blob/master/bip-0141.mediawiki

About transaction fee, native segwit is the cheapest.

Native segwit is also the one called segwit. Nested segwit are called compatible. Which means they question about native segwit and segwit is just that they are the same thing.

In this regard, privacy coins are coins that can not be tracked, unlike bitcoin which have a transparent ledger called blockchain which allows each bitcoin transaction to be tracked using address for example, privacy coins can not be tracked, sending such coins from one address to another can not be traced. Because of this it is said that these coins can be used to launder money and also can be used by terrorists in financing their missions. There are now threats that privacy coins like monero, dash and zcash will be delisted from exchanges as some exchanges have being delisted these coins already too, also that there are possible threats from governments to make sure such cryptocurrencies will no longer be existing.

What is the fate of privacy coins? I am thinking these type of coins will find it difficult and can later all vanish and exist no more.

Binance as being the best exchange of 2020, binance was the first and also with the highest trading volume, the trading volume is now more than $20 billion. Huobi global is the second according to coinmarketcap. What I still also know about binance is the low trading fee of 0.1% while the withdrawal fee is still one of the lowest.

You are not wrong, the trading fee is still good for Hitbtc which is 0.1% for makers and 0.25% for takers, but the withdrawal fee is too high. Like if you want to withdraw bitcoin, it costs 0.0015 btc for withdrawal fee, even ripple withdrawal is very high which is one of the lowest with cheapest fee. Using the exchange for withdrawal is very discouraging because of the high transaction fee.

I do not think January can be a correctional period, even if there is a little correction, very possible the bullrun will later takeover and surpass. But as for now it is not clear what is going to happen. If the institutions continue to invest, institutions like grayscale and microstrategy, also if new institutions are joining, all these can lead to the price of bitcoin to be increasing. We do not know if the institutions that drove the price above $20000 will be investing for long term. What is happening now are another thing that can not let us predict what the price of bitcoin will be anytime soon but let us know that it is more likely possible that bitcoin price will soar this year.

Bitcoin has already succeded as a money and as an asset already, but know that bitcoin can be called a cryptocurrency but not a currency. Example of a currency are papar fiat, they have no value, it is money that they are called that make the paper money have value which is the value in them. That said, bitcoin is already an established money and asset, it has become a time of institutions and many whales that are investing in it, it is well circulated all through the world and having a marketcap more than $500 billion now. It is clear about how it is possible bitcoin will hit $1 trillion, it can be next year,  the marketcap will be growing more and more in a way bitcoin will be the most successful money and asset on earth.

I will suggest password manager too for easy access of passwords, but there are some password manager than can sychronize your passwords online, I will not suggest such. But most password manager that I know are offline, they are the best in managing password securely. But it will be good to also backup the password offline, write them carefully on paper will be good for more means of easy password recovery.

These are my plans:

1. I want to join better signature campaign and earn good
2. I will not joke with trading at all, taking it slow and patiently.
3. Also want to hold bitcoin

I wish bitcoin to just continue to increase in price, I wish the bull run has just started. It will be great if $50000 or more is achieveable as bitcoin price this year, this will help while holding.

Shitposters are many and plenty in bounty hunting, that is correct. But some people do not know exactly what they need to post in bitcoin boards, many do not just want to work hard to be a ranked member. It is not only about posting in discussing threads (bitcoin boards) that determines to be given merit alone but also learning and posting what will make other members to merit posts.

Cold wallet is the security while coinbase is the privacy invading, not only coinbase is the privacy invading wallet but many other wallets that are custodial and require verification to be fully functional. Aside privacy invasion, also is the inconveniences custodial wallet can pose, there are many coinbase users that says their account was blocked, freezed and some complains like that, cold wallets are noncustodial which means privacy. Not only that but also it stores private keys offline, while something offline will be hard to be known to hackers. For any recommendation, coinbase should not be there.

There are many anonymous cryptocurrencies, examples are monero and dash. These coins can not be tracked because it is not possible to track the coins using blockchian. Making use of coinjoin or mixer are perfect but converting bitcoin to such anonymous coins like monero then back to bitcoin is also good which will make the bitcoin not to be traced to the previous transactions.

This has just being the begining of bitcoin going mainstream, it is so promising and becoming realistic. The bitcoin first trade was in 2010 while bitcoin has been growing gradually and now institutions joined. Now NFL player is paid in bitcoin through the lightning network. This is just another good way bitcoin is getting more adopted.

What makes bitcoin to be fully decentralized is the absense of Satoshi Nakamoto. What has governments done to the creator of many altcoins? If not because ripple had a shady deal, what has government done to him? So far a coin is not shady, or no evidence of shadiness, nothing can the government do. But Satoshi either he/she/they make bitcoin to be fully decentralized because he is not known unlike altcoins like I have ones said.

The main reason Satoshi Nakamoto have remain unknown would be because he wants bitcoin to be decentralized, unlike other cryptocurrencies. People will say bitcoin is controlled by Satoshi even if it is not controlled by him, but he just left it to make people know that he is only the creator not the owner and that it is not controlled by him.

Governments will target centralized coins because anything centralized is shady, unlike bitcoin which is decentralized with open source codes and noncustodial means of holding, this makes it known to the people that bitcoin is truly a decentralized coins unlike altcoins which many are centralized and shady. Ripple is one of them which SEC filed a lawsuit that exposed how the ripple CEO should not be trusted.

There are many cryptocurrencies with almost or over 8000 now, most of them are shitcoins, many of them are pump and dump coins, many of them just remain stagnant.

I have seen many purposes of having altcoins.

1. It create means of centralization. Ripple is an example which has been filed a lawsuit by SEC because the centralization makes it shady and centrally controlled.
2. Hidden agenda. Many of the altcoins have hidden agenda, because they are not decentralized.
3. Scam. If there is only bitcoin, scam would have reduced. This is clear and known in ICO and DeFi scam. Many exchanges are shady because of the stupid coins they are listing that they use to scam people.

Bitcoin just remain the true decentralized coin, while those many altcoins needs attention as most are shady.

You will need to read about bitcoin generally, on this forum you can use the search engine to search about bitcoin which will bring you bitcoin topics, but you will need to read from outside sources too, using mastering bitcoin will help you.

https://github.com/bitcoinbook/bitcoinbook

I think the question is not bad at all, he may not get things in the right way so far. There are some accounts that have been opened for long but later rank up. I think all we should do now is to advice him.