I really almost never recommend buying bitcoin for short term holding. But if you're completely aware that it's pretty much a gamble and want to go for it anyway? Go ahead. I'm not really sure why you would want to gamble if you're out of work though; that's one way to potentially lose more money. You'd think you'd might want to spend your money in a wise manner? Like you know, basic needs? or keep the $600 as extra money for emergencies?

Yea.. that wallet sucks.

My personal picks:

• BlueWallet[1] on Android and iOS
• WasabiWallet[2] for Windows
• A Ledger[3], Trezor[4], or a Coldcard[5](intermediate) if you want a hardware wallet(preferably)

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[1] https://bluewallet.io/
[2] https://wasabiwallet.io/
[3] https://ledger.com/
[4] https://trezor.io/
[5] https://coldcardwallet.com/

Correct me if I'm wrong, but iOS wallets pretty much technically run natively(by default without iOS devs updating their apps) on the Apple M1 MacBooks, right? So you can use apps like BlueWallet on M1?

Sure, as long as hindi natin ilalagay lahat sa coins.ph. Kumbaga, parang..

coins.ph: physical pocket wallet
hardware wallet: bank

Dahil ung arguments gaya ng "safe naman ang coins.ph" almost always doesn't end well.. https://cryptosec.info/exchange-hacks/

Though it's not included in the wallets you've mentioned, the best in my opinion that's currently available on iOS is BlueWallet[1]. Though it doesn't have 2FA(along with a lot of wallets), it simply ticks all the boxes of my needs.

Of course, I only use my mobile wallets for my hot wallets(probably below $200?). Anything above that, should go into a reputable hardware wallet in my opinion.

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[1] https://bluewallet.io/

Since they don't allow withdrawals yet, your only choice is either:

1. Let your current bitcoin just sit on Robinhood(while waiting for them to allow withdrawals) and just start buying "real" bitcoin on exchanges that let you withdraw

2. Just sell every bitcoin you have on Robinhood and use that money to re-buy on exchanges

Ultimately, it's really great that you got interested in having self-custody over your funds. But just a word of warning, you can lose everything if you don't know what you're doing. So before going this recommended path, make sure to educate yourself first.

• https://bitcointalk.org/index.php?topic=1631151.0
• https://cryptosec.info/wallets/

The government doesn't really need to "accept" bitcoin for us to be able to use it for it's purpose. I mean, we're using it right now regardless if it isn't totally legalized.

Also, we don't necessarily need to shut down USD at all, because how can we? Only the government can do that, and obviously they won't. Both BTC and USD can definitely coexist.

Pretty much. Kasi very common opinion parin ung "safe naman ung coins.ph" (or substitute coins.ph with Binance). Wala naman talagang masama sa custodial wallet dahil maganda naman serbisyo ng coins.ph, pero leaving everything dun is a huge no-no lalo na't pag mejo malaki laki ung halaga dahil di natin alam ang pwedeng mangyari sa security side nila.

Obviously no one knows. A lot of people didn't even expect that we'd blow through $20k like it was nothing. Just continue stacking sats(by dollar-cost averaging) if you're a long term investor, hold the funds on a non-custodial wallet(preferably a hardware wallet), and have some extra cash ready for huge pull backs.

Yeap. In the 2017 bull run I dug through my old files and found an old .txt file from 2016 with a 12-word recovery seed in it(stupid idea, I know, but this was way back when I started out). Lo and behold, I found 0.01 BTC.

Weird that until now I don't even have the slightest idea where I got that 0.01 and it's been 5 years but I'm still extremely curious.

Alam naman na siguro nating lahat dito na patuloy parin ang pagtaas ng bitcoin.

Ngayon, habang patuloy na lumalaki ang halaga ng coins natin ng kahit wala tayong gawin, magandang oras siguro ngayon para magfocus tayo sa security.

Reminder lang, as much as possible prevent from using centralized exchanges na pang hold ng funds, pwera nalang kung active trader tayo. Dahil definitely na ayaw nating maipit pag nahack ang exchange na ginagamit natin.

Some reading material:

• Topic: ❗ [Security] Iwasang Gumamit ng Custodial Wallets, at iba pang Security Tips
• NotYourKeys.org
• bitcoinsecurity.guide

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EDIT: Emphasis on this part:


Kung tingin niyong "safe" ung exchange wallet na gamit niyo, tignan niyo ung listahan ng exchanges na "safe" rin ang tingin ng mga tao dati: https://cryptosec.info/exchange-hacks/

Additional PSA: To the privacy conscious people like I am, now's probably a great time to do some mixing and coinjoins. I wouldn't wait til we get a lot more public hype because it seems like we're not at the peak yet.

True. Like I said, majority of people are going to learn the hard way. Though the ratio of exerted effort to percentage of people educated is really bad, I personally still prefer at least attempting to save those really small minority from losing money.

In my opinion,

crypto <-> crypto: Binance
fiat <-> crypto: your local exchange

Not the easiest but heavily recommended for investors(because no-KYC): LocalCryptos, HodlHodl, Bisq

Do research on Android file recovery programs/apps. Unfortunately I haven't tried any so I can't really make any recommendations. Probably try this route first before spending money in hiring people. And while I'm definitely not guaranteeing any results, you pretty much have nothing to lose anyway and it wouldn't hurt trying.

Lesson learned: backup your recovery phrases people.

As bullish as I am on bitcoin, I'd say not literally everything is worth sacrificing for some bitcoin. While of course it would be utterly stupid to spend money excessively, go spend some money and go out with your wife/family/kids from time to time. Life is short, and sometimes shit happens and we don't even know if we're going to live till we're old.

tldr; spend money wisely, but at the same time, go live your life.

Unfortunately, there are snake oil salesmen inside and outside the cryptocurrency space, and educating people through whatever means can only do so much in preventing them from falling for these promotions. While I still advocate for educating people, most people are simply going to learn the hard way.

LocalCryptos, HodlHodl, and Bisq. What's better than being able to buy or sell bitcoin using fiat without the need of any AML/KYC?

But for trading, Binance of course. Biggest selection of coins/tokens as far as I know.

A few months ago, a lot of people here were saying that they had an exit target of $20k. I wonder how they're feeling right now.. 🤔

Are you referring to LiveCoin.net? If so, looks pretty dire..


Seems to be a pretty small exchange, so you're unlikely to find people with the same intentions here. Apparently, some Redditors think that it was actually an exit scam.

https://www.reddit.com/r/CryptoCurrency/comments/kjjpdc/livecoinnet_hacked/
https://www.reddit.com/r/CryptoCurrency/comments/kje2qc/warning_btc_reached_142_000_usd_on_livecoinnet/