Let us not be overly positive with this news the keyword here is "maximize returns" for their cash reserves meaning Tesla/Elon Musk here isn't planning to hodl Bitcoin for long and he is here to profit on their cash reserves which depending on the company's liquidity practices might end up being short as soon as they see a good gain for their money. This is the same thing as what I have said with Microstrateg investing millions in Bitcoin as these companies doesn't only act up as huge commercial money being poured in the market but they also act as a big influence in the market. If we have seen a price rally just because these companies buy Bitcoin just think about what will happen next when they are ready to sell their Bitcoin because I'm sure they can start a FUD once they decide to sell.

Nope BlockFi is a similar service and when I say BitBond I am saying BitBond. I don't know the similarities between the two but I think when I describing BitBond just to make it sure don't apply it as well with BlockFi since they might have big differences with regards on how loand will be match with each other as well as the interest rates you will have from the both of them. Also if you are asking specifically about passive income earning methods particularly on interest rates I think it would apply on any platform as if you are expecting to make a living out of interest rates then you should have a big capital to begin with. But if you are here who just wants to maximize your earnings while hodling I think this is a good way to earn a little more.

I'm just gonna say it right from that start I'm not recommending this website but it has been featured in articles in both Forbes and Reuters and the company name is BitBond which its main service is to be a lending platform for both lenders and lendee where the lender of the money will also earn a certain percentage from each transaction they do. BitBond I think has gained a lot of reputation especially since even small and medium enterprises are also using their platform to earn money or just rather skip the hassles of loaning money from traditional banks as it was originally intended to do so. And IMO not unless you have a substantial amount of capital (maybe in the hundreds of thousands) I don't think you can rely on the passive income you will be earning from these interest bearing platforms, It may depend on your risk tolerance but for people who wants to maximize their limited capital buying cryptocurrencies is the most rewarding way to go.

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If you read the DOJ's report on this cryptocurrency exchange you would know that this man designed his crypto exchange as a front but in reality his main service is of the ones who wants to launder their Bitcoin giving them favorable exchange rates and also not providing KYC or any kind of identification for this criminal organizations which for me something Bitcoin or cryptocurrency is used directly as an accessory to launder the money. This was not fake news or in anyway fabricated and the evidence shows that a crime had happened and I think that is the beauty of Bitcoin where criminals think that they are somehow safe because they aren't touching fiat currency but now the authorities are catching up and they are discovering ways on how to track transactions and movements of cryptocurrency so maybe one day Bitcoin being seen as a money for criminals will be removed from the mindset of everyone even the ones who will be new to the industry.

Incorporating it on a crypto-friendly nation would definitely a good route to go into but I think I need to remind you that if you go this route some potential markets for your business/service might not be allowed in some country. For example US Citizens aren't allowed to use your website if your business is not properly registered in US, this is what happened to Binance that is why they have to pull out and re-enter back in the US last year. Other countries might have the same domestic law as the US and you need block their IP addresses as it would be illegal in your part if you allowed their citizens to use your service. For having partners I think the best way to go is to just incorporate your company first and then look for investors/partners after since it is the same principle as you having customers they won't just catch your train without any kind evidence that you are legally running.

People who would likely want an alternative are people who are looking for a fast, automated, and reliable way of escrow service which fortunately for your is the crypto industry is currently lacking. So IMO people who will be looking for an automated way of escrow service is also looking for anonymity/privacy in which they will most likely expect you not demanding any kind of KYC process under you which is one of tricky parts since for legal and regulation requirements you might need to do. Aside from privacy they will also look for your reliability in which you need to separate your service from the traditional ones. Now for you about gaining trust I think the quickest way to convince someone on using your service is through you showing that you are a legally operating escrow service with the proper identifications, showing the identity of the main team in your website, and giving as much information as you can like company address, telephone number and other things that will show that you are a real company.

From what I know there is no block explorer website that has the ability to filter out transactions of an address by date but the good thing is transactions are arranged in a manner where you won't need to filter them out since the newest transactions are show first. So if you want to look at transactions that happened at an older date you can just navigate your way on looking at the other pages for that address to see on the transactions that happened on the date you are looking for.

You must have been used to apps where every files is saves up in the cloud or back up into an account that is why you have this assumption well this is your mistake since Bitcoin wallets don't do this kind of thing. Even if you are using a custodial wallet after you have uninstalled the app and re-installed it again your account won't be automatically log-on and even you even have to re-validate your device for its permission. That's why most of the wallets I know will always give you a warning/notice that you need to always keep your 12 word back up phrase just in case these kinds of things happen. So the next time you will be doing this again you should now get the 12 word back up phrase of your wallet before uninstalling it.

Bitcoin will never be money as most countries will have the same legal standing one having 1 recognized legal tender in their country, that is why you won't see EUROs or Canadian dollars being spent in the US because they aren't recognized as a legal tender in the US. Ever since majority of the countries have classified Bitcoin as some kind of "crypto" or "digital" asset we can expect at best for Bitcoin being a mode of investment as well as being accepted as a medium of exchange which as of the present is what it is now. So technically speaking Bitcoin is not money but has some of the aspects as a fiat currency which for me personally is something that is acceptable as legally speaking Bitcoin cannot be money not unless is is recognized by that country as one.

I think the mechanics of Coinbase is the same as what you are looking for. They are promoting their debit card as somethong that doesn't need to be “reloaded” as your debit card's balance is also the same as what is in your Coinbase wallet, you don't need to convert anything as the point of conversion is at the moment when you will be buying something and Coinbase is the one doing the conversion. Aside from that you also have the ability to control your card in your wallet from paying to switching what crypto to use.

I don't see any problems regarding having additional trust funds here in the market since competition is something what we really need and these types of trust funds will always find a way to co-exist and grab some market share of their own. Sometimes its not even about their fees or the performance of their fund because most of the time it is always about their marketing and their sales agent attracting new investors who are interested in a riskier investment. With that being said lets see if people are really interested in a Bitcoin trust fund since it definitely caters to a riskier audience and I think this tends to be more for the younger generation we have its really up to them if they want to trade on their own or with another person doing it.

Based from my experience and what I read some banks have different rules on their own regarding crypto related deposits and if you want to be safe the best action is for you to just ask their customer support with your concern which I think will they will answer correctly. For instance I don't think they would lie about a threshold or answering if they accept crypto related fiat deposits or not. Also make sure that who you are asking knows what you are talking about and is not only saying yes from your answers. Other than that check for online sources if that particular bank blocks someones deposit in relation to your transaction so you have a clearer picture before knowing if it is safe to deposit your money in their bank.

@OP I guess an important thing suggest here in your guide specifically under the security practices is that they can have multiple wallets for different purposes. What I mean about that is they can have an offline wallet for the purposes of storing large amounts of Bitcoin and they can have a user-friendly and easily accessible wallet for the purposes of paying with the use of their Bitcoin. For me this is a good security practice as the user won't be bringing out their Bitcoin from their cold storage all the time and as well it reduces the risk of losing everything once they got hacked from their wallet. Also since this is a beginner section I think you might wanna explain more about the different kinds of wallet out there for Bitcoin since let us not assume that they know all of this.

I'm guessing this question is because you think that the last halving has something to do with Bitcoin's bull run now? Well if you want to reduce the period of the next expected Bitcoin halving because you want another bull run then I don't think it is advisable to do so. There is really no benefit on fast-forwarding the process of the next Bitcoin halving as definitely a lot of people will be affected especially the miners, we don't even know yet if the mining farms will be capable of operating giving those situations where the block rewards will be halve 2 years earlier that what we expected. With them being affected us users too will take a hit because of that, the bull run you are expecting might not even happen at all.

@OP there is no perfect system kahit ang Bitcoin ay vulnerable sa pagkawala ng pera mo through hacks and scams so I think it is unfair to say "Be Your Own Bank" at this point dahil kahit tayo ay hinahawakan natin ang sarili nating pera ay hindi naman ibig sabihin nito na hindi na ito may chance mawala. I'm not siding with the banks pero buti pa sila may PDIC insurance na merong 500,000 php na sure na makukuha at maibabalik sakanila sa mga times na ganito pero tayong mga Bitcoin holder pag nawala ba ang Bitcoin natin meron tayong insurance na covered para dito? Diba wala naman kaya kanya kanyang pag-iingat ang ginagawa natin pagdating sa ating mga crypto holdings dahil tayo lang ang nakaharang sa mga possibleng attack sa ating pera. Very unfortunate yung nangyari sa mga nawalan ng pera pero sana mahanap ang mga salarin dito dahil milyon ang nawala.

I'm talking about personal experience here. When I have bought a new phone and just kept my old (working) phone in one of my storage after a couple of months when I decided to open my old phones to transfer some contact numbers it wasn't turning on. Now if I made my old phone into a cold storage during that time then I have created a big problem at present. Yeah old laptops might be a good idea but only if he will be buying one from a reliable store probably one of those refurbished ones. Just by buying old laptops or just second-hand ones without knowing the real running condition of the laptop will just give him the same problems of having an old unreliable phone.

If you are talking about having an extra phone and making it as a cold storage where he would just download an electrum wallet and after that be disconnected to the internet then I think this is a much better option for him but of course the problem here would be the reliability of that extra phone if it can withstand any hardward issues in the future. If the problem here mainly is you not having a personal computer I think the best alternative here is if you can't buy one ask someone who you are close with first like a family member perhaps and scan first for any viruses and malware before doing the method you already know. At least in this way you have some privacy in a creation of your cold storage.

It's funny to think that 2-3 months ago news media and several "experts" predicted that a "Biden victory means a victory for Bitcoin" as well but now we are seeing news that are completely the opposite. Now the threat the US is facing right now is the ones Biden is electing as heads of the department, this topic created by squatter in the legal section is talking about Gary Gensler who will be taking over in SEC and has the same negative views with cryptocurrencies. With this people in power having the same train of thought we might see more and more stricter regulations being impose in the country which will more likely be detrimental to the crypto industry. IMO they still view crypto as some kind of accessory in the criminal world but tbh putting restrictions to crypto itself won't solve the problem which is the illicit activities.

Looks good for gathering up all information regarding a Bitcoin ATM's place but what would make it unique compared to other Bitcoin ATM location website is the inclusion of images of the Bitcoin ATM itself and the surrounding location. Just think about it as a Google Maps feature where if they click a certain atm/location they will see some supporting images that this Bitcoin ATM is in this building near this street. I find it more useful for tourist who won't spend some trouble opening up several other maps confirming the address of that Bitcoin atm because they will be the ones having some trouble navigating their way to new countries. And aside from that I think one of the vital information missing is if that Bitcoin atm has a KYC requirement or not, just imagine a person travelling on a long distance only to find out that he/she can't access that atm without a KYC or some type of account with KYC verification first. Overall your Bitcoin ATM map is good it just lacks some needed info as well as some additional features to make it more unique compared to others.