With backup funds means like you should have a reserve in terms that you need to spend money for some unexpected happening. This is what mostly being called emergency funds. While the logic of what OP has said is true. I have seen people that I invest together at the same timeframe but then they're able to lose their grip through their holdings because they were in need of money and they have no other place to pull money but to sell their Bitcoin holdings even if they don't want to. So, with that, it's very important to have that emergency funds just in case that unforeseen financial challenge comes to you.

The guys are right about these financial institutions don't really control the market but they manipulate and influence the other players in the direction that they want to go. While it's good that OP has shared these as they're all related to the financial market globally or mainly in the US. And at the same time, the ETFs that have been also applied to Bitcoin, the impact is so big and these players are also in. So, with mainstream adoption and attracting the investors that don't want to directly invest to Bitcoin, they're there to help them and eventually those investors will learn that it's best to go directly to the actual market that Bitcoin has rather than to go through with these institutions.

That's the thing with Bitcoin. If you're going to hold it for so long, the capital appreciation is there and the value of the Bitcoin that you're holding right now will increase in due time. It's designed to increase in value due to its limited supply and with its halving, etf and demand. While we can't break people's confidence through saving in the banks and that's what they think is the right thing to do. There's nothing wrong with that but they shouldn't expect a lot with the appreciation that they'll get from it when the time comes and their holding matures.

Yeah, these are the two most basic ways of earning Bitcoins. Through paying or buying it or through working for it in exchange for it as the payment. Either of the two, we can work off it and I guess most of us here from the forum started with the latter and were able to get paid in Bitcoin in exchange for the services we've offered. And then, we just did the trades following it. Well, the exchange is fun, and buying it seems to be a very fulfilling way of obtaining it especially if it's the first time you've got it.

To be honest, I'm not sure how it works when it asks for personal mobile numbers because other 2FAs don't work like that. But still, those that have it need to be careful.

Yeah, it's aegis that's being used by the reputable people here and suggesting to use it. People should avoid using Google Auth and Authy nowadays.

That seems to be the only threat but still, once these bad actors got people's numbers. They'll pass it on to the others and who knows what else they can do. As for bitwarden, I guess that I've read that in some other recommendations but haven't really used it. So aside from aegis, there goes bitwarden. I do hope that the others are reading this thread for their reference.

While OP is claiming that he's not a newbie, it's possible that he got hacked based on how his activities were, what he downloaded, and in this case the wallet, trust wallet. Let's say that you've downloaded the real trust wallet and it wasn't the issue, I think that no one will blame themselves at the same time when they've already lost their funds a long time ago. There are already some questions on your story and asking for proof that you can't provide like your address.

The sentiment is within you if this has happened for real and we're sorry about it but if you can add more details much better. It's tough when you've lost an amount that is lifesaving. You'll not get any malware if you didn't do anything.

Did you buy it during this dip? The altcoins have also fallen because BTC fell first. Well, this has been a bloody week and the weekend seems to calm it down and by next week, we'd see the recovery. But as you compare it to that $4k price of Bitcoin during the COVID-19 pandemic. That was actually wild and I can't imagine that it had recovered so fast at that rate. When something such as big global issue happens, the price of Bitcoin always affected by it. This time, we've got a lot of sell off news.

Even if most of us are used to these kinds of moves, the surprise is there but it doesn't move me anymore. These sell-offs are going to happen mostly when the market is too calm. And that's why when there's nothing is happening and the market's too calm, well, you should expect that something is being cooked. I wasn't expecting that all of these massive sell offs are going to happen at the same time and that's why with all of the accumulations being done by the institutions, don't be too confident with them because one day they'll be next to dump massive Bitcoins that they have accumulated.

You nailed it. These things have to happen so, if there are some that still can't accept that this is part of the run these drops, crashes, and unexpected dips for them. All they need to do is to just look at that time when it drops and if they can buy, buy, and use that opportunity. Otherwise, they don't need to be worried about it if they're all set with their plans and holding for the long term. Short term period of holding will make you panic but as you've said, people like you and me and the others that have been holding until the next ATH arrives only needs to hold, nothing more, nothing less.

Are there Authy 2FA app users here? I guess some of the users here have used this for their 2FA accounts on exchanges and wallets. Recently, there's a report that they've been breached and numbers have been taken by the hackers. So, as what the developers are warning about. The users who have registered their numbers will have to be careful of phishing and text scam attempts if they've used their mobile numbers to the app.


Read more: Twilio alerts Authy two-factor app users that ‘threat actors’ have their phone numbers

That's a lot of numbers and Twilio confirmed that breached.  

While that's true that these centralized exchanges play a vital role in the tracking of their users as per local governments' way of asking for data through them. They can release and send it to the government if they ask for it even without prior notice to the users. However, there are some countries that really don't favor exchanges even if they are centralized although the number of these countries are really few.

You're right, that's what is about to happen when most cexes will be banned globally. But as for this temporal sensation, we will definitely see the effect of it for the crypto market and mainly on Bitcoin's price. Anyway, everyone will still find a way to trade from crypto to fiat whether it's with OTC, p2p or any other ways.

Although it's not surprising for me and I'm not disappointed at all. We have to be patient at these times and we'll get used to this kind of move for Bitcoin. We've got the half remaining of this year for the market to be better and if not, we still have the 2025 for it to be at best shape. By this time, whoever loses his patience becomes the loser and whoever is the most patient becomes the winner. We get this at most times when the market isn't good and holders that have lost theirs will panic sell and won't be focused anymore to their goal of being long term.

We're July 4 and bitcoin's price broke down to $58,500.

Don't be confused. We're still in the bull run but the sentiment for these short candles is bearish. Sounds confusing but in the long run, this is still going to be bullish after all. As you've said, this is just a swing and the market are shaking the weak hands for them to sell and when they're done with that, the diamond hands are going to buy them and will hold once again. The month has just started and there's more to go, be patient folks and don't panic.

I hope so as that is what we're all hoping for. We thought that $100k was gonna happen on the 2021 bull run but it didn't.

Not my speculation but I have read about the optimistic predictions for this bull run. It may go up to $200k-$250k. Seems high and unlikely but I hope that it happens. But to say that this market is always us an unexpected result, reaching back to $70k is already good for me. I don't want to expect a lot but I want to see that those high predictions happen. I'm just here trying to protect my heart from too much expectations.

Thanks for spotting it out OP, I wonder what forum is that? Anyway, the landing page of this scammy website says;


Jerome is right, that's an obvious sign of a Ponzi. The website's theme is also sketchy which is why whoever lands on it and will be gullible to believe their scheme will lose their money. I doubt that their information on the company and their team are real.

There's really something wrong with the system nowadays and thanks to the factors that have made real estate prices too stretched no commoner will be able to live comfortably and expect to own a house even if the job is a minimum pay. We go back to the past time, we see people live freely and life wasn't tough at all. Businessmen, employees, or workers don't have that much to think of as you can expect to own a simple house that you can own and be able to pay that by being a laborer. Real estate prices really appreciate and it has come to the point that this is too much but that's how demand and supply work. The demand is high and the supply for having a land space is limited and we expect this matter to continue until we're dead or who knows if this real estate bubble is going to pop soon.

I didn't know that Sony was going to dive into crypto. They're known for the industry that they're in, especially PlayStation, gaming, etc. So, if they're doing this, maybe the idea is to try new things and expand their money wherever they can. With this venture, I'm not sure if the article has said something about Sony as the one that's literally going to manage it but it's said that they're part of it and they have invested in it. As for that article, it's said about NFT, maybe one thing is that most of their games through PS will have NFT products.

I've got some other assets that I can say will be good for the long term and as for inheriting my BTC and introducing it, just like you guys, my kid is still young. I'd wait for the right moment to introduce it but for now, this is a talk with my wife. So, whatever my plan will be when the time is right, it will easily be passed on and let alone my kid or my wife do the rest.

I'll mix it up, some cash, some BTC, and whatever I think is best will do. While we're all enthusiastic about Bitcoin, diversifying is still a good option.

Time: 25'

I see, we're both on the same page for the resolution of his concern and I hope that he gets positive feedback from it.

Will try again my luck on this one and I'll join later, thanks inspace for keeping us updated about bc.game's new contests. G