If you are a trader who trades on a daily basis, and you do not have any significant funds, then it does not make much sense to constantly transfer your funds from a crypto exchange to a hardware wallet and vice versa. Transaction fees would certainly be significant and might even erase your profits completely in the end.

I can’t say anything about the security applied by Gemini, but as far as Coinbase is concerned their security procedures are similar to something from SF movies (there is an article from a couple of years ago on this topic). In addition, they claim that as much as 98% of crypto assets are stored in cold storage, and that fiat assets are also insured with the banks with which they do business.

Of course this is not advice to store your crypto on any exchange, but if you are already trading crypto, then at least choose the ones with the best reputation.

Of course, this is not about any possibility of making a profit, but just an example that almost any device can be turned into a mining device. Some of the younger generation probably have no idea that such a device even existed, but at a time when there were no playstations and smartphones, this was one of the top ways to have fun.

Who remembers when Samsung made a mining rig out of 40 of its smartphones (Galaxy S5)? I’m not sure how effective they were then (2017), although they say it was higher than the average desktop computer, but you certainly couldn’t mine BTC with that in terms of expecting a profit. Given the incredible amount of electronics that is thrown away each year, perhaps all of these devices could be used for some good purpose as opposed to creating mountains of garbage.


https://www.vice.com/en/article/3kvdv9/samsung-upcycling-galaxy-s5-bitcoin-mining-rig

Reading and applying someone’s advice is obviously two different things, so even though I advised you not to show your Telegram account in public, I see that you still show it in your profile. It is of course your right, and it is not forbidden, I just hope that you will not become one of those who will one day write "someone scams me via Telegram" .

You are a classic example of a signature spammer who reads nothing but the title, just a few posts above you have a link to an online store that sells bikes for BTC, and throughout the thread there are several such links.

@ShopinBit.de, I visited your website and since you are a German shop I was a little surprised that you do not have Bergamont bikes in your offer, and as far I know it is a German company that produces in my personal opinion very high quality bikes very popular in the EU.

As for the OP, he is from the US and someone has already suggested a website from Germany, but that is not a good option for him considering the costs of postage and customs...

I’ve been wearing your avatar for a few days, and I’m glad if I can help someone understand how important it is for everyone to control their private keys. Good luck with your project and I hope to see more avatars promoting your site on the forum

What do you think is the percentage of people who are willing to wait 4-5 years to profit from something? I would conclude from personal experience and experience from this forum that it is not more than 25%, but even some of them have a problem - because after so much time they fail to find a seed, private key or password to access funds.

If we look at what the remaining 75% consists of, it's mostly the impatient ones who don't know what they're actually doing and find themselves in trouble very quickly - they lose their backup or become victims of phishing probably within 1 year. Of course, we should not forget the weak hands, because they are in a panic when prices go down by only 10%, and we know how convincing the mainstream media is when it comes to expanding FUD at the speed of light.

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I would say that it is not only a problem when someone invested in Bitcoin, but that an even bigger problem is that many did not take it seriously until the end of 2017 - and even then everything went even more in the direction of profit, and less and less in what Bitcoin was actually invented for.

First, it should be emphasized that this is not a large investment (if we look from the perspective of large investors), but a test driven probably by speculation that pension funds around the world allocate part of their assets to Bitcoin and some other cryptocurrencies. Such funds are looking for opportunities for long-term and stable returns, and if the term digital gold is increasingly used when BTC is mentioned, we should not be surprised at all that such things happen.

It is speculated that a significant portion of the investment that goes through Grayscale is actually partly from pension funds, and the money they keep under their control is significant. Still, it would be interesting to know what those who actually pay into pension funds think about such investments, because although none of them will complain about higher pensions, what if Bitcoin follows its usual pattern and enters crypto winter again after a while?

If I understood you correctly, the question is actually whether Trezor wallet can be recovered if in addition to the seed, there is also what you call an extra word (passphrase). Of course this is possible if the alternative crypto wallet supports the extra word option, and this is the case with Electrum. Of course there is no point in doing that, because you can simply connect your Trezor to Electrum and get access to your BTC wallet at any time.


As far as I know, the seed generated by Trezor can be easily entered into the Ledger and vice versa - and in my opinion this is the only safe solution in which I would not consider such a seed compromised. Entering HW seed in online wallet would really be a stupid move, especially if someone were a victim of phishing at the same time.

https://wiki.trezor.io/Apps:Electrum

Beginners should not embark on risky investments at all until they understand at least some basics - and if someone does not know what a private key, public address or seed is, they can get into a very awkward financial situation even if they do not choose some altcoin. The problem is that most skip those important steps and be seduced by stories that they can get rich with very little money, they just need to invest in some coin that doesn't really make sense or purpose.

To tell the truth, most altcoins are for nothing and only for pump/dump schemes, and the only way for someone to get rich is to make such shitcoin himself - of course if he has a stomach to lie and cheat others and falsely promises them success.

In the period from 2014 to 2017, I invested in some altcoins, and I can say that these are mostly failed projects today, and those who are still alive are well on their way to becoming so. If you already decide to play a game with altcoins, then you do it by trading in the short term - because it is a game where new coins always replace old ones, with the same old ideas and new names.

I don't know why you refuse to read everything written in previous posts? Whether you can buy some lumber at your local store is a matter for your local retailer who accepts or does not accept BTC. What you call obscure (online shopping) is something that generates huge revenues, and I have to admit that almost everything I ever wanted can be bought online and paid with BTC.

Stop being just another troll and open your eyes, and if you think that BTC has failed in something that is important to you - take your bank card and your PIN and pay that way, no one is stopping you.

https://spending-bitcoin.com/

It's unbelievable that you put a link to a thread whose content you didn't check at all - the OP contacted cabalism13 on February 27, but only now has received an answer (at least as far as public announcements are concerned).

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Given the number of negative reviews that can be read on various websites, about 60% of Paxful users are apparently scammers whose account has been frozen. It is only strange to me that the OP claims that his account has been blocked with the following note :


If he did something wrong, why give him the false hope that he will get his funds after 1 year?

Some people still don't seem to realize that this isn't really about someone writing something sensational that might mean something special to anyone, it's about a classic paid article promoting a particular person or company. If something has a max supply, and if there is a constant demand for it, that increases with time, then it is quite logical that the price of it on the market will rise.

The market cap is actually quite irrelevant because it is only a visual presentation of something that certainly does not reflect reality given that part of the mined BTC will certainly never be in circulation because its owners have lost access to their private keys.

Bitcoin has unlimited potential and can be worth much more than today, but only if those who rule the world do not stand in its way. Regardless of the fact that no one can literally destroy BTC, imagine what would happen if it becomes banned in some powerful country like the US? Consequently, regardless of max supply and demand, don’t forget who holds the main levers of this game.

You have been a member of the forum since 2017, you can at least write the name of something correctly before asking a question, which by the way has hundreds of very extensive answers if you use search engines. ETFbitcoin he briefly told you what you can do with BTC, but it again depends on your location - in some countries you can do more, in some the offer is very weak or non-existent.


You live in the illusion that something created over the centuries can be replaced in just 10+ years, just as the illusion is that Bitcoin is something that must replace the existing financial system or various services that exist when it comes to money transfers. Bitcoin was created as an alternative, and it's not realistic that it will wipe out banks, fiat or WU in the near future - because let's not lie to each other, BTC is not something the average Joe can understand so easily, much less something he wants to use at all.

Most people in the world are extremely submissive and serve their masters in the system they have built for them, and those 1% or maybe even 2% of the world's population who use BTC are exceptions - be happy if you are one of them.

Welcome to the forum

It is certainly commendable that you made the effort to read the sticked threads in this board, and if you want to find out and learn even more, I suggest that you definitely visit the Meta board.

I noticed that you have a link to your Telegram publicly in your profile, and that is not something that is good for your safety. This forum is a public place and besides people with good intentions there are also a lot of those with very bad intentions. Telegram is one of the platforms that is very popular with scammers, so a little advice for a good start - do not show such things in public, and do not trust any strangers who will PM you and offer some help

It would be really foolish to assume that various governments around the world have not already done so, perhaps not directly, but certainly through some companies over which they have complete control. But don't expect any government to make it public, because governments, like large companies, have no interest in inflating the price more than they do now - even though they have a mechanism called a money-printing machine that activates as needed.

I personally would be in favor of governments not realizing how important BTC is for at least another 10 years, because that way the distribution would be much fairer - more for the little people, less for the greedy rich at the top of the pyramid.

The OP has not posted his Papersafe certificate, I think it is quite clear if read a little more carefully. The password is probably located exactly where it has already been suggested, and now all that remains is for the OP to reveal the hidden treasure.

I also found a website where this kind of paper wallet can still be bought, although I'm not sure if you can choose the amount to buy or if all wallets have a fixed 0.01 BTC.

http://physibit.com/product/papersafe-stock-certificates/

I am not a Trezor user, but if you believe in the Trezor as a device that stores your private keys, then I see no reason why not to believe in their application. The only difference in my opinion is that there is an option for a desktop app and a browser app - and for me, it is somehow more logical and safer to use the first one. Just because the browser app might have some additional attack vector that could appear due to some vulnerability in the browser itself.

I have to admit that the Trezor team has put a lot of effort into this, and it looks really good for now - which is certainly just an added incentive for those who are hesitant about which HW to buy.

All You Wanted to Know About Trezor Suite: AMA Highlights

What people need to know is that this is not the same Croatia from 2018 World Cup in Russia, some key players have left (Rakitic, Mandzukic, Subasic (GK), Corluka), and Modric is 35 years old. In the match with Slovenia, they had only one real chance, which speaks enough that they have very big problems with realization.

Cyprus is nominally a weaker team than Croatia, but they showed that they can offer good resistance to stronger teams than themselves, and it is no coincidence that they played a draw with Slovakia.

Someone buys all these BTCs, through OTC or on the open market, and the fact is that these coins do not return to the exchange as was once the case in the past. While the average Joe is probably investing now to sell when the price reaches a magical $100k, big investors obviously have some other plans - but again, we know their coins are stored in custodial cold storage.

We can conclude that the liquidity of crypto exchanges is lower than before, but again we should not forget that we are currently at 18.66 million mined BTC, and even that 20% is lost (3.72 million) and 50% of what is available is saved as a long-term investment (7.47 million), we have at least as much BTC (7.47 million) left on the market. I may be wrong, but I think that no matter what, there is still a fairly large amount of BTC available at all times - at least I haven't read anywhere that anyone complained that they couldn't buy as much BTC as they wanted.