That's some Facebook boomer stuff right there.

The first 4 lines are quite true(besides the gold one, because you can purchase small grams of gold), but I don't know how "invest in bitcoin & cryptocurrencies" is automatically the thing to do because in some cases, it's definitely not.

OpenBazaar made a nice attempt. Buy after a few years of peripherally watching their platform, it doesn't seem like they moved that much forward unfortunately; and quite surprisingly too since I don't think they even have a close competitor.

Imo it seems like their time is cut short unfortunately, but I applaud them for their attempt.

It's pretty much a gamble, especially when you know little to nothing concerning trading. You can win big money, you can lose big money. If I were to risk my money through gambling, I'd much rather go to a casino as at least I'd enjoy my time even if I lose some of my money.

I'll say this from personal experience as I've also used FreeWallet back in 2016.

How I landed upon it, is when I did a quick search on the Google PlayStore using the search query "bitcoin wallet". Wallets that appeared are Electrum, Mycelium, FreeWallet, and some others. And me being a huge UI/UX junkie back then until now, I chose FreeWallet simply because it looked a lot better compared to Electrum and Mycelium not knowing the risks I was taking(let's be honest, Electrum is great, but it looks bad in modern standards). Thankfully, I did deeper research a month later.

^Not everyone will have the same reason on why they picked FreeWallet, but I assume their reasons are really really similar.

Some public groups/communities:

1. https://www.reddit.com/r/BitcoinMarkets/
2. https://www.reddit.com/r/CryptoMarkets/
3. https://www.tradingview.com/

Rule of thumb: as much as possible, stay away from private groups because there's a good chance that they're just going to make money off you. Also, definitely stay away from pump & dumps because of previous stated reason.

Good for them. But I'm not sure why we necessarily need to connect everything about Information Technology and Computer Science to "cryptocurrency investments". Especially noting that most "cryptocurrency investments" in general are a bad idea especially for the inexperienced trader/investor.

“Ignorance of the law is no excuse”

You committed plagiarism, hence you got banned. You would've known that rule if you actually read the Unofficial Bitcointalk rules, which is frequently mentioned in this forum. It might be quite a harsh rule, but it's a necessary one.

By that time, what will hopefully happen is that Bitcointalk members would finally learn how to use the search function before posting.

..Except that wBTC isn't really "decentralized" in any way whatsoever despite them calling it "decentralized" finance or "defi". You're leaving your BTC to a custodial service in exchange for a token that's just named wBTC, that's really not BTC.

This is just again one additional reason on why people should mostly prevent using custodial KYC exchanges. Like come on people, try out non-custodial P2P exchanges like HodlHodl[1]!

---

[1] https://hodlhodl.com/

All the shadiness and the scam accusations aside, I don't think there's really a reason to use such a custodial wallet. It's not like you're missing out on some features when using a good non-custodial wallet anyway.

Unfortunately it seems like a lot of people don't even do a few minutes of research when picking a bitcoin/crypto wallet; because if they did, almost no one would actually use this service.

Because it really isn't. It's just somewhat of a small indicator of bitcoin's interest from the masses. Though this indicator really isn't that accurate and also taking note that Twitter is probably just a small portion of the whole picture so this shouldn't be taken THAT seriously. This should just be treated as a sort of "fun fact", completely assuming that it's actually factual/accurate.

Storing your wallet's seed on an encrypted storage such as a password manager makes sense in theory, but this method is really only viable if you do things correctly; and that's a huge IF.

If you digitize the 12-24 words through an air-gapped device running something like Tails OS, with you completely and confidently knowing what you're doing, then sure it can work. But just simply typing out the words on your online personal computer? Definitely not. Your 12-24 words could probably be already leaked by now if you did it this way.

Also, if it's the case that the hacker gained access to your gmail/dropbox, though the hacker will most likely have trouble cracking the password assuming you have a really secure one(40+ characters, etc), I still wouldn't risk it.

Yea they can leave it as is as long as they want, but it would make more sense(in my opinion) if they just mix/coinjoin them right now and let the coins sleep for a certain amount of time, and just move out the coins in small increments as to not raise suspicion.

Based on me Googling for a minute, it seems like surprisingly this KuCoin hacker didn't even mix or coinjoin the coins(at least yet). What is it with successful exchange hackers and them not mixing/CoinJoining their coins? It seems to be the obvious move lmao; or am I missing something on why they don't do it?

If the article writer was right, I'm really not surprised due to the huge hype around this "defi" thing. Funny thing is, it ain't even new! The Ethereum people on Twitter just simply made up a new hype phrase for their token ecosystem.

Just a heads up: There is technically no bitcoin in the Ethereum network. By converting your BTC to wBTC(wrapped bitcoin), you're merely just handing over your bitcoin to a custodial service, and that custodial service hands you over some token that just has bitcoin in it's name.

To be totally fair, take out the cryptocurrency payments out of Namecheap, and I'd personally still use it. It's simply that great and seamless. Only downside is that their app sucks last time I checked; though it's no biggie.

I may sound like a total Namecheap sponsor but trust me I'm not

You can already purchase these "defi" tokens through a lot of centralized exchanges though. Wrapped Bitcoin(wBTC) and Uniswap(UNI) are some of these so called "defi" coins, and they already have fiat pairs on Bitfinex.

Yeap. I just pointed out that I think bitcoin's price will be at $8k-12k; not necessarily saying that that was my poll choice, hence why I followed up with this statement