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I would not recommend a stablecoin and holding money on exchanges if security is the key.
If you want to be anonymous you shouldn't even consider centralized exchanges with KYC.
Security means holding money in the bank, not on the account of a bitcoin exchange. Privacy means using cash or DEX, it's really that simple. To actively trade you will have to sacrifice privacy and security. It's the same if you decide to use stablecoins.
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People who invest be it stocks gold silver or bitcoin are a special group, usually smarter than the average wage worker and we are all in the same team. More or less  Completely depends. Tell me that 5 years ago and I'll agree a lot more. Today though? Where investing is gamified enough that even people who don't know crap about investing can invest in just a few taps on their phone? While I don't disagree, I definitely have mixed opinions; only somewhat agree. You're right about access to investments being easier than ever but the group that invests by a phone app is mostly weak hands. I might be wrong but I would not expect someone whose first idea of investment is an app from google store to be a long term investor or to treat this as a way to build a portfolio or secure their future. These are fish we're talking about here. Real investors who own silver will keep it as a hedge even if it loses to bitcoin in market cap. |
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We saw a lot of "weak" hands at $40K and $50K. I don't thinks it's about weakness. All people hold for different purposes.
A lot? really? After reaching 49 thousand we had a dip back to 46 that did not even last a day and the price was back at 50. If we add that the day before the price was 47 thousand we'll prove that there was almost no weak hands. In 2 days price went from 47 to 49 and back to 49. That's traders trading, not a big deal. People like these milestones but 50 thousand dollars is not a milestone in the EU because EUR price is lower. It's also not a milestone in China, Japan, Korea, countries that trade in their own cryptocurrencies. |
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2. Can protect & give you insurance if the wallet/password is hacked = all your life savings gone.
Who is going to insure me from the bankruptcy of the insurer? If the bank goes down they're going to schrug their shoulders and walk away, leaving you with your pants down. 5. In case of fire or damage your hardware wallet (computer/phone/hard drive/USB stick/ back up) can all be lost.
Just buy a fireproof safe or buy a normal safe and put it in a concrete wall in the basement. Even if your whole house burns down that basement wall with your safe inside will survive. This is less risky than giving your private keys to someone. |
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What did you expect? Guy tweets anime pictures and most of his opinions could be summarized with the following emotes:  It's a guy who built a tunnel so he can drive to work in his car with no traffic. It's a guy who launched a car into space. He's just easy going. |
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Elon doesn't have the power to stop Bitcoin from going into bear market. He can definitely prolong the bull run and make it stronger, but a correction will inevitably come. Due to elon mask entering to this market so big bear market not come unlike 2018 jan ?
Elon Musk, not Elon Mask. And market cycles not market circles  OP has some spelling problems. Maybe he's just special. |
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Chinese mining firms once dominated the market by over 70%, but that rate is slowly but steadily dropping to 65% and 60%. The problem could be that still too much of the hashrate is centralised in a region under a regime that could attempt to control, oppose, or destroy it. How do you destroy or control mining? If they tell miners to stop mining they will move somewhere else. There's plenty of countries with lower electricity rates and if you have 100 million dollar operation it's easy to choose because most countries will welcome you with open arms. If the government starts mining itself it's all the same for Bitcoin. |
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Good for him but I wouldn't show off my house like that. By doing it you're risking being targeted like so many bitcoiners. There was one in Russia who was attacked and tortured as far as I remember. What can happen? You can be robbed, assaulted, extorted and if you're lucky and that doesn't happen, the government can come knocking to check if you're not laundering drug money. That is the problem and that especially when they see you don't have a job, no business, and makes a surprise them you'll have that riches someone will attack you and question about your wealth. That gonna be extortion to us who are in full-time trading, just sometimes we go outside and put us guilty of something. Much better to keep silent and never be bulgar to the others. We don't need to tell them that we are rich already, just keep simple or just have some business for them not to accuse us of committing a crime, drug trade for example. This proving the source of funds is a huge problem in the crypto space. Not all countries prosecute for this and in some you don't even have to declare crypto income but in some you can be honest and pay your taxes and they will still come after you asking if you can prove how you got your bitcoins. That's why I keep my mouth shut and my coins hidden in a safe place |
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In 2035 USD may be so inflated that you will maybe have 1 million but it will be worth less than 500 thousand today. The real value is in things you can buy so in your purchasing power not in stupid numbers like 1 million. If you don't agree please check what you could buy with 100 USD in 1990 and what you can buy now. |
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I always thought silver was too overrated, very well!
I always liked silver jewelry more then gold and silverware is beautiful  Let's not hate on silver. If it gets overtaken by Bitcoin that's great beacuse it will mean Bitcoin will once again prove people like Peter Schiff wrong, but I don't think that it will make holders of gold suddenly dump it all. People who invest be it stocks gold silver or bitcoin are a special group, usually smarter than the average wage worker and we are all in the same team. More or less |
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My strategy is to sell a bit so that I have some cash at hand for bad times but that's it.
I made some good decisions in the last few years like buying ETH when it was cheap 2 years ago and it gave me huge profit. That's going to be my first sale if I need money. Bitcoin is going to be held until I really need to spend it.
I came to realize that you can buy an apartment and rent it out but you won't make more than 10% a year this way. How about holding bitcoin and making 300% in 3 years? That's what I did between 2017 and 2020.
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To be honest I have only one way of betting on football.
The idea is to bet on teams that I like and follow like my national team. I know when they're doing good or bet and I don't bet against them just for them or if I see them doing bad I don't bet at all.
If you follow a certain sport like football and bet a lot in this area you can spend some time researching status of the teams but I don't do it. I have no time and I don't bet on football much.
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I haven't seen any fee changes recently except for stake and I feel like most gambling sites have no plans in changing the fees since they've been charging high fees for quite some time now. I suggest checking this thread out once in a while as the OP usually compiles the bitcoin withdrawal fee situation between several sites and updates them whenever there's a change. Some sites adjust fees dynamically depending on the network. I know that Yolodice does it. Fees can change more than once a day and sometimes can be as high as $20. Some casinos treat this bubble as temporary and haven't really adjusted anything but a 3x rise over the course of 2 months call for some adjustments. |
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Musk likes to make fun of things. BS probably meant that while fiat is made out of thin air and loses value fast because of inflation Bitcoin also appeared out of nowhere and gains value due to FOMO Don't bash Elon too hard. He likes bitcoin. |
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Good for him but I wouldn't show off my house like that. By doing it you're risking being targeted like so many bitcoiners. There was one in Russia who was attacked and tortured as far as I remember. What can happen? You can be robbed, assaulted, extorted and if you're lucky and that doesn't happen, the government can come knocking to check if you're not laundering drug money. |
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This is such a big loss. You've been running one of the top 5 most popular and most stable crypto casinos in the world. Businesses in this field come and go, usually when they go it's surrounded by a cloud of doubt, accusations, sometimes hacks and scams. You kept your business out of trouble for so many years.
What can I say... congratulations and may you resurface in the crypto space with some new ideas.
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You think that someone broke into GOX wallets knowing their public keys? Gox coins were probably stolen with inside help from an employee who helped them to change the code of the exchange and add backdoors that would allow them to apply changes to the site from the outside. They were changing balances and withdrawing coins through the site for many years. https://anycoindirect.eu/en/blog/what-is-mt.-gox-how-850.000-bitcoins-got-stolenMark Karpeles is an asperger syndrome guy with around 200 IQ. I don't think he is dumb enough to let any employee or code get near his private keys at all. I think he was probably completely stunned when he realised the coins had moved without his consent, he didn't even know what to explain to Japanese police at first. Here's the problem, you don't think he's dumb enough to let it happen. His mistake was that the exchange software was built for magic cards. It wasn't meant to operate a multi million dollar exchange and lacked real security. He did not allow anyone near his private keys but allowed people to modify the exchange code and add fake fiat balances that were never deposited, use it to buy bitcoin and withdraw. His private keys were not hacked in any way. |
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I have no trust in USDt and agree that it could be a threat. I've been saying it for years!
It won't destroy bitcoin because bitcoin does not depend on tether. Rather tether depends on bitcoin because without bitcoin all altcoins would take a huge hit and nobody would care about trading for usdt anymore. They'd all be running away from the market and trampling over each other. The biggest threat of USDT is if they keep making it without any backing and people keep selling large amounts of BTC for it.
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Ordinary people meaning not corporations?
It's a very strange indicator because at what point a normal person turns from being an ordinary investor into a whale. At which point does a company turn into an institutional investor?
In the first situation you have a rich guy who buys 100 bitcoins. Is he a whale investor? What if he has 500? Is he a whale or an ordinary investor?
In the second you have a company that pays wages in bitcoin. They own 500 btc but most of it is exchanged in the end of the month or paid out. Is the coins in the hands of an institution or its employees by your standard?
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They've been saying Bitcoin is a bubble for a decade already and then bitcoin is going to die. They weren't just nobody but well-known individuals who had been in the finance industry for years comparing it to the tulip bubble. Now they look at themselves being the joke after bitcoin keeps breaking its ATH. I think some of them already admitted they were wrong.
Some people just can't understand what Bitcoin is and where its value comes from. They look at it like it should be a real coin and then find out they can't touch it and there's no maker they can blame for all the problems and it makes them confused I say ignore them and keep going. You don't invest for them but for yourself. |
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