Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Merit.s
on 20/07/2025, 15:41:31 UTC
⭐ Merited by JayJuanGee (1)

You just blanketly proclaim bitcoin is better than gold in regards to privacy without even setting up any parameters?  I don't want to argue for gold, but I also know that even bitcoin has some problematic areas in regards to privacy and/or security, and there may be some actions that users need to take to protect their privacy, and it may well depend on the level of threat in regards to what measures might be taken, but bitcoin does not automatically have privacy, and there sometimes could be circumstances in which privacy is jeopardized in bitcoin, depending on from whom we might be wanting privacy, but if I am transacting 0.001 BTC ($118) with someone on the street from a regular bitcoin wallet, and if you are using a wallet that has a balance of 0.53 BTC ($62,540), then you might not want the person to know that you have $62,540 in your bitcoin wallet.  That could be a problem for someone who does not take adequate precautions.
It's good that one have up to two or more wallets should incase you plan to spend some bitcoin. One should have a hardware wallet, where he keeps majority of his bitcoin like 75% and keep 25% in two different hot wallet where he can spend from whenever he wants for privacy sake. So that you keep the accessibility of your total bitcoin secrete. However, their are some services that supports privacy but that makes it anonymous by not linking your addresses to one same person