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There's a reason why I don't even recommend the likes of multisig and Bitcoin Core to the typical layman. I always recommend Ledger/Trezor + Electrum, and a written down recovery phrase. That's the best balance between simplicity and security in my opinion.
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Assuming this post is actually serious: if your strategy to profit is to spread FUD, then you're going to have a bad time.
Hot tip: Just hold bitcoin for a long enough time, and chances are, you'll end up in profit anyway.
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By just merely conversing in this forum is good enough of a contribution in itself.
If you see some people here that thinks that they're some hot stuff that's above most people here, then just leave them be. Don't waste your time trying to complicate/overanalyze unnecessary stuff. There's simply better things to do in life lol.
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Developing the discipline to follow the DCA as it is supposed to be can pose a very challenging task. Even calculating what percentage of your income to put into the DCA that will not affect your personal needs so much, can also be another obstacle. So even when the DCA method seems so easy, it requires some technicalities that may require serious mental input. In other words, the DCA method is very easy to understand in theory but may require some level of discipline to execute.
To be fair, investing in itself requires some level of discipline to be able to come out a 'winner'. It's just the fact that dollar-cost averaging is far easier to take in for your average person compared to lump sum investing — which can be far more mentally taxing when deployed in a less-preferred moment. |
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As far as I know — in most cases, lump sum is the way to go assuming you can really just hold and not sell and attempt to buy lower. The sole reason why DCA is heavily recommended is because it makes the 'investor' less susceptible to huge (temporary) drawdowns. Some investors that are down a huge chunk tend to sell their stack to hopefully "buy back lower".
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Just to balance the potential over-bullishness, these "long-term investors" can just as easily dump their holdings at any time they want. Not because they're currently holding, doesn't automatically mean they're waiting for new all-time highs.
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just recently Israel ban Bitcoin because it has been perceived to be a tool to finance their enemies, but the questions is, can this ban change anything?
Can you link me an article? Based on my 10-second Google search, Israel's attempts to ban bitcoin was in 2018, but you're claiming that it's recent. As for if a ban can "change anything" — of course it does. Anyone that will be caught transacting with bitcoin can get arrested. That literally changes everything for the people in whatever country bans bitcoin. |
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they have made several policies and even created their own CBDC as a competition all to suffocate bitcoins growth.
CBDCs aren't even a competitor to bitcoin. So I am thinking, apart from physically confiscating hardware wallets and apprehending bitcoin holders to submit their seed phrase, is it possible that the government can seize bitcoins belonging to citizens even though it is a decentralized system?
Think about it yourself — how theoretically viable is it for the authorities to literally go from house to house and search every single person's home for a hardware wallet or a bitcoin wallet installed on every single person's computer? |
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The Trezor model one you link here is a bit pricey why not buy directly on Trezor which is cheaper? Check the link below - https://trezor.io/compareNot to mention that it is much safer to purchase a Trezor hardware wallet from the Trezor website itself rather than the likes of Amazon/eBay, as to prevent purchasing a device that's potentially tampered-with. Heck, even if it's like $50 more expensive on the official website, it's still worth the peace of mind! |
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It is just a database, a append-only database to be more specific. It's just the fact that the database is heavily distributed and has high redundancy is what makes it really special; because it means that centralized authorities will have a very very hard time to try to take it down or tamper with it.
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Yea and in most times it serves more than that. Search engine can also direct people to this forum to read the review of such a project depending on the keywords used.
That is — if people are actually searching for it in the first place. That's why advertising and things like signature campaigns exist — to make people aware that this certain platform exist, which may lead to people doing research on the said platform. |
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Short answer: use Electrum, and preferably, use it with a Ledger/Trezor hardware wallet. Using custodial wallets is a bad move especially for mining as it could cause problems. Longer answer: read https://chainsec.io/wallets |
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On the other hand, this is telling us that actually the USA government is looking at Bitcoin with real value and something that is not illegal, otherwise maybe they would just destruct them...just like what they could be doing with illegal drugs seized on different operations.
I mean, it would make zero sense for them to simply just send the BTC to a burn address or to just destroy the keys altogether if they can just sell it legally. Comparing it to illegal drugs makes zero sense either because it's literally illegal to buy/sell/use illegal drugs. |
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You're pretty much referring to a decoy wallet, in which isn't really new. It's a decent way of protecting your bigger stash if it's the case that you end up getting hit by a $5 wrench attack[1] someday.
[1] https://chainsec.io/wrench-attack |
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Already being discussed here as it's already been pointed out by DdmrDdmr. tl;dr Cointelegraph intern screwed up, and journalists on various crypto news sites were hilariously careless as they blindly just follow follow suit without even confirming the news first. |
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There are lots of ways to get benefits in Bitcoin you can start by buying and holding Bitcoins I don't think you still need a book to read by just holding BTC but for safety, you need to learn how to make a cold storage wallet check this link below.
You don't necessarily need to read a physical book, but it's recommended to do a lot of reading to actually know what you're investing in! And Andreas Antonopoulos' The Internet of Money book series is definitely a good candidate for a person first learning about Bitcoin. |
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If I were to bet, a good chunk of them use self-custody; but they wouldn't expose how they store their holdings specifically due to potential security problems.
For the typical day-to-day person though, I'd recommend just using a hardware wallet and storing the 12-24 word recovery phrase on a piece of paper or steel sheet. That's it; keep it simple.
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*snip*
Lmao it's a shitshow. Can't believe such false news caused a domino effect among other "news" sites as they blindly followed the original article poster. On the bright side — at least we now have an idea on how much we can pump once a real ETF approval takes place. |
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I'm very bullish on bitcoin in the long term, but Ark Invest did horribly with their tech portfolio that I don't know if their thesis should be taken seriously. They pretty much became a laughing stock after butchering a lot of their stock picks.
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