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Quote from: Churchillvv on February 21, 2025, 10:09:40 PM

With the news of a serious hack on bybit a popular exchange wallet most us here uses, even though it has nothing to do with bitcoin directly yet I find it necessary to remind you all that leaving your coins or assets in an exchange wallet is a big red flag and for every reason always find a way to move your coins to a safe open source wallets.

Coin security should be a priority. buy bitcoin and never leave them on an exchange wallet or any wallet that does not guarantee good percentage of security.

If you put your coin in an exchange wallet and can highlight the risks associated with it then you are correct. Exchanges do offer trading facilities to Bybit but the point to note here is that hacking or vulnerabilities represent a central point of failure for your funds to see. I think every cryptocurrency holder should be given some priority and private ownership of assets. You can use some reputable wallets to protect your personal assets, such as reputable open-source software, hardware wallets.

If you do this you will minimize the risk of losing your funds through exchange violations or mismanagement Reputable open-source software, hardware wallets play a special role in ensuring long-term security of your assets. Not only key, not only coin, you take responsibility for the security of your assets by using this method.

What did you mean by every cryptocurrency holder, if you are holding shitcoins you are only playing with your money because you will wake up one day and hear that everything has crash down it is better to accumulate and hodl great asset such as bitcoin instead of holding shitcoins whereas if you must do this let be just be 10% of your income, and this is not a cryptocurrency related thread.

I eventually agreed to this your statement that is better to accumulate and hold a great asset such as Bitcoin, we know that life is full of risk but when it comes to Bitcoin always the best but it only volatility in nature, so once you engage yourself on Bitcoin investments and accumulating and holding, you actually see your income coming to you as you didn't aspect it to come.

Accumulating and holding has always been the main approach to Bitcoin investment. if you actually want to be free from emotional pressure and trauma you should just invest, because if you went to trade Bitcoin two things are involve is either you make profit and enjoy or you make loss and be depress and sometimes even the gain or profit you make will still be lavish in trading again unless you used it food something meaningful immediately. So instead of doing something that two things ( win or loss) will be involve why not just invest where you have only one option that is to hold for years and you get your profit according to the amount of effort been...