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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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Not sure what opinion you're looking for?
About the $500 number, increasing/decreasing that amount will totally depend on what your net worths are and/or how much you guys are earning monthly. On the top of my head, especially knowing that every single one of you are beginners, probably only trade with half a week's worth of wages.
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In my opinion, investing money that isn't mine into something too speculative is a huge no-no. Why not just use your own money instead? That way, you don't receive any crap if ever the investment goes bad. They already aren't convinced in the first place, so why force them?
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The easiest is to just use your browser's bookmark feature; and maybe just sync bookmarks(mobile+desktop) by using your browser's login+sync feature(Chrome and Firefox has this, not sure about Brave).
Unfortunately we can't expect Twitter-like features for a forum software that's more than a decade old.
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Whatever he described is pretty much what happened in the past, but I think it will be similar — probably with just a quite-delayed step #3; simply because bitcoin holders are betting too much on the #3 part that I think it will be decently delayed.
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Predicting the future with triangles and rectangles on a chart? That's like trying to forecast the weather by watching cloud shapes—it's laughable. These so-called technical analysts act like they've cracked the code to fortune-telling, but in reality, they're just doodling. And don't even get me started on institutions; they feast on retail traders' stop losses like vultures on a carcass. You take a position, set a stop loss, thinking you're safe because of your fancy support lines. But no, institutions see it as an all-you-can-eat buffet, spiking prices just to clean you out, and then conveniently start taking profits. It's a game where the house always wins, and your precious triangles and rectangles won't save you from getting played like a fiddle.
Not all these technical analysis people are trying to predict the future; they're just trying to look at the odds of which is a few percentage points likely to happen more. While most TA people are trash(and sometimes unethical), not all of them are. |
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