Yes, you have to learn a lot of things, especially if you want to allow Bitcoin in your business as a payment method. Governments usually don't like Bitcoin, though some countries allow their users to use it. The government won't allow two currencies in their country, where fiat is currently ruling. It's just a part of centralised government policy. I admit a few country even don't understand Bitcoin. For example, my government doesn't have enough knowledge about Bitcoin. So we can't expect Bitcoin adaptation from them.

The rules in the US are quite strict. Even if you want to fight, you have to do it legally. Though I am not a citizen of the US, I know some rules about it. They are very hard on taxation. No one can skip it in the US. Probably, citizens won't move to another country because its people dream of becoming citizens of the US if they live outside of that country. They should fight in court about their rights. There is no way to commit violence.

Very rarely, I used to send funds through Pay ID. So I haven't encountered this issue at all. When I intend to send funds to another user, I send them through email. Of course they are my known person; otherwise, they won't share their email address with me. However, thanks for sharing it with us. I wasn't aware of this. It would help new users who aren't very experienced. By the way, holding funds in a centralised exchange isn't advisable anyway.

Telegram = safe heaven for scammers.
Telegram wallet = scam wallet.

So, why are you referring to the Telegram wallet? We have a lot of non-custodial wallets, and many of them are highly trusted, like Electrum. Before posting anything in the forum, make sure it is safe to use. Otherwise, don't suggest anything or promote anything here.

Invest only that you can afford to lose is straight-forward. I am not discouraging you to invest; I am just warning you to invest with caution. Because it seems you have serious funds related to your career. If you lose it for some reason, then you will face a lot of trouble in the near future. Bitcoin seems highly volatile right now, and there are Bitcoin ETF rumours. If rumours become true, then we will see a pump. If it becomes false like before, then we will see a dump for sure. I will advise you to invest from your savings, not from your only capital. So even in a market dump, you will not encounter any issues and can hold for a long time.

I saw the news a few hours ago. To be honest, the situation has become conflicted. I was wondering why DTCC added ibtc if there were no clues about the BlackRock Bitcoin ETF. It does create a FOMO, and investors start accumulating; hence, we saw the pump. Adding it without confirmation and suddenly removing it seems unprofessional. If it were for the test or fake, then it was a bull trap by them. DTCC should encounter legal action due to the loss of huge funds. Because a lot of investors will suffer due to the list and its removal.

Yesterday, there were rumours and FOMOs about Bitcoin ETF approval, which hasn't been a valid reference yet. But Bitcoin seems to have started pumping even without confirmed ETF approval. Its all about FOMO, investors jumping to make quick money from the ETF news. Price seems to have started dumping today; hence, DTCC removed Blackrock from the list. But still, the chart is pretty strong. I hope ETF approval is near and will be approved. So if it creates a big FOMO, then likely we will see another bull run.

I think definitions vary country-wise. If you live in a poor or developing country, holding 1 BTC would be considered rich. If you live in a developed country like the US, then I don't think it's enough to be called rich. You should hold more bitcoin. My opinion is based on the current price when writing the post. Now you have to decide whether you are rich or poor.

Anything hasn't been officially announced, but most likely there is a green signal of approval. Because Yahoo published a news story, BlackRock plans to seed its Spot Bitcoin ETF in October. So most likely, they are planning to buy Bitcoin, and the price start to go up. From some tweets and other sources, it seems the ticker add upon ETF approval. But I am wondering why there is still no official news or announcement.

Also Cointelegraph posted: BlackRock’s spot Bitcoin ETF now listed on Nasdaq trade clearing firm — Bloomberg analyst

To be honest, I don't think I'll be able to hold Bitcoin until it reaches $1 million. I can't imagine how it will affect my life. Because I always want to take advantage of the volatility. So when I see a big pump, I want to sell my holdings and buyback again. So I am not sure if I can buy it back successfully after selling it. I assume most holders will sell their holdings before reaching $1 million, and new buyers will enter the market. They might hold on until then.

Your concern should be trade or hold. Because when you enter into trading and buy a coin, you have already invested in it. Now you are part of the coin; if it dumps, then you lose; if it pumps, you gain. Hold means you hold it for a long time until you reach your desired price. Any cryptocurrency investment is highly risky. No matter whether you are trading or holding. Usually 'Investing' we mean investing in a brand new project. But it seems you mean it as a long-term holding. There are no high or low risks; you may lose big from both. I will advise you to make a decision based on your experience. If you aren't a very good trader, then you might choose to hold. Also, you should understand when you should hold, so experience and knowledge in crypto will play a major role.

If you want, you can't create a new physical currency. Every country has its own native currency, which means even a government can't create another new currency. Even printing new notes of existing currency needs some regulation.A government can't just print money whenever they want. So it's a useless discussion imagination of Bitcoin as a physical currency. Any physical currency must be centralised and controlled by the government, which is against Bitcoin features.

I am not sure if we can see great price movements for Bitcoin halving instantly during halving. From the past, we learned that Bitcoin pumped a few months later of halving as well. I know there is a FOMO working in our minds. For me, I assume halving could pump, but not so high. We may take advantage of the halving, but for a big pump, it would happen after a couple of months of halving. There are many ETF applications pending yet; if they get approved before halving, then there will be a chances in the biggest movements. Otherwise, I am not expecting something big. Anyway, I am ready for the halving.

Almost all of us are aware of the fake ETF-approved post by Cointelegraph a few days ago. And we notice Bitcoin reacts positively, even though it was fake news. So ETF seems to create a FOMO, and that drives Bitcoin upwards. But only ETF isn't enough to push Bitcoin $100K anyway. For that, we need some real adaptation and institutional investors. Although Bitcoin prices are unpredictable, don't believe in unrealistic predictions. It would take a long time to pass $100,000.

It's very hard to say where institutional investors are storing funds. I don't believe they will give you the right information. It's due to the privacy and security of their funds. They would have cold storage where they could simply store their cryptocurrency. Also, since they are high-profile, they can store funds with exchanges, and the exchanges may give them an extra layer of security. I mean, often exchanges don't store a lot of funds in their withdrawal hot wallet. However, I still believe they store it in their own wallets. They just ignore it and simply say we store in exchange during surveys. Because those who invest millions in crypto won't be stupid like us.

I am not getting what you want to express, actually. If you are afraid to store your cryptocurrency in multisign wallets, then we can simply use hardware wallets. It's actually called simplicity but secured. Electrum isn't an advisable wallet for storing large amounts there. We have seen how fake upgrades drive lost wallet access. So it won't be a secure way to store crypto. Simplicity always won't bring the best for you. Hardware or a cold wallet is the best way to avoid complex technicalities. Just be more realistic and learn the proper things related to storing your bitcoin. Because an unsafe store won't be an ideal simplicity procedure.

The topic title and the post are conflicting. I can't see anything magical about the topic. Rather, you mention it's your own bank, which is true. However, to claim your own bank, the first concern is how you store your cryptocurrency. You owning Bitcoin doesn't mean you become your own bank; there's nothing magical here. You should have a secure, non-custodial wallet to be your own bank. When you are storing funds in a central wallet or exchange, you can't claim your own bank. I believe you got everything from the above discussions.

I am curious to know your concern about Binance p2p exchanges. If it's related to KYC verification, then most centralised cryptocurrency exchanges are now asking for KYC. Those who aren't asking now might ask very soon. So you have to find a decentralised p2p cryptocurrency exchange. You may find some exchanges that've been mentioned by other users. Better share your concern here, so we may prefer a suitable solution for you. Besides that, you may use the forum currency exchange section for P2P sales. Just make sure to use an escrow service if the buyer or seller isn't trusted enough.

Rather than discover Satoshi Nakamoto, it is advisable to focus on Bitcoin adaptation. Bitcoin has been running smoothly without Satoshi, so it's unnecessary to find him. Revealing himself would be harmful for him; legal action would be taken against him due to various reasons. So it will be very harmful for the whole cryptocurrency industry. Satoshi is brilliant since he is the creator of Bitcoin. So he is doing everything smartly. I just ignore whoever claims to be Satoshi; they all want to become public figures.

Any legit service won't ask you to submit your wallet seed phrase. Most of the time, we fall into scams due to our greedy behaviour. Even we don't research them before submitting our seed. And that's how they have been draining our wallets. I even dare to visit the site you have mentioned. Because very rarely do I visit a site that I don't know anything about. So to prevent scams, we have to prevent our greed. Always don't look for something for free. Nothing is free in the world. The best practice is to share with us if you find something suspicious.