This rule is golden, it will never change or fade. What can change is the attitude of people towards it, that is where the misrepresentation comes from. Naturally, most people will not obey it for one reason or the other. The rule has guided investors for centuries, it is the best. Our level of discipline is in test whenever we invest, most investors will fail this test. Emotion is the cause, it can't be deliberate to see fire and enter it, that is the way I see it. Desperation makes us risk what we can't afford to lose and regret has been the consequence for most.

About Michael Saylor, he must be joking, he has too many to manage and understand the game than most investors.

I was following a heartbreaking story on the US justice department website: https://www.justice.gov/usao-dc/pr/indictment-charges-two-230-million-cryptocurrency-scam. The $230 million of crypto is no joke, stealing it can be depressing. How the crypto was stolen wasn't exactly shared but the publication shows that the theft was carried out on the victims account and the victim is a social media personality.

My few years in crypto space has thought me some lesson which I like to share with beginners and other interested folks here:

1. Having the crypto is one thing, keeping it safe is another. The safety of the crypto is your number 1 priority.
2. Never you show off your crypto or let anyone know you have one. Your crypto is your business, not anybody's business.
3. Go directly to the website/app downloading page yourself and ensure you are at the right downloading website/link.
4. Go for non-custodial wallets (Exchange and custodial wallet hacks are real).
5. Never respond to any email about the account. Remember, you never inputted any email while registering your self-custody wallet. By that you are avoiding Phishing Scams.
6. Safely keep your seed phrases and never share them with anyone.
7. Enable 2FA authentication.
8. SIM swap hack is real, app authentication is better.
9. Be aware of Malware and Keyloggers, take care of your gadgets and have a good antivirus and firewall.

Remember, You and only You can be trusted with your crypto details.

Thanks for reading.

The whole world respects US on many fronts and will want to follow what they do, the crypto will not join this. Their regulation is moving in on it every day, it is a call for increased adoption of bitcoin, it will absolve many privacy issues and keep regulation blind. We should not forget that the US is not the owner of crypto, they can do what they like, crypto will increase in popularity and people will use it in many other countries.

Don't let this affect you, the CTFC, SEC and US legislature must do something that will be opposing the freeness we enjoy with crypto, it is good to go for the one that is decentralized and let your P2P be strict.

Yes the risk is everywhere, we should not be thinking of it as such to avoid stopping us from pursuing our goal. Money is made every day and the high mind of risk for investment will put investors into many gains. Those who will have their long term investment plan on gold and bitcoin can not lose in the end, the best of the two has not been seen, people will continue to pump their money. The two are therefore good for the reason that there will be time when money will be taken from gold to bitcoin and from bitcoin to gold. Some kind of adjustment in price favors may happen and will be shifting the price of the two. By possessing the two together, the risk will be less and profit will be made in the future for sure.

The modern age will not stop war, it can delay it and war is happening daily, you can see it in Europe, Asia and Africa, it will not stop forever. The war that will affect bitcoin is what we have not seen, the war that can be so affecting will be the war that may involve America or NATO. Cryptocurrency will be affected and may go dark in that kind of war.

But it will not stand still as you think, the war will drive the price unless there is no power or internet to access it.

I took my time to think deeply about the mixing, money laundry, and the crime that could be committed via it but I realize that there is nothing different from what has been committed with fiat. The government knows too much about us, companies know too much about and these people are using their positions to sell our data and track us, this is from the fact that anyone could send assassins and thieves to you when they know what you are worth, getting your privacy through mixer is not a crime.

Let the crime be left for our individual action, no government, organization, or persons can claim that they are 100% clean even when they pretend to be. That is how I see mixers too, it's what we use them for that can judge us, and nothing has that power and integrity to completely condemn it.

By law, it is never illegal, what is the headache?

Yes, what the quote means is suggestive not mandatory to be a must, it's a choice. Opportunities are many are with crypto, trading it is one of them and the most wonderful aspect that can make traders to get rich easily and much. The problem with it is that trading is hard and it can be deceiving one until all the money is lost. Finding the best knowledge and trading experience can lessen this risk. The risk is the reason for most to prefer the owning and holding, but it must rise to make any gain and can be tempting.

What to use more money for should not be hard to tell, bitcoin will get to above $80k next year, you have to be planning for investment and what you will do with the money you make from it. My investment between now and next year on it will be around $30k, it is not small and when the money can be multiplied in 5 times, it will be good. I will buy land and fix a automobile factory that my dream has been calling for years.

Considering my age, it gets me unhappy with the level of achievement I have so far. I am not the poorest person on earth, just the same way I am not the richest, I categorize myself as an averagely comfortable person. The financial empowerment is affecting me mentally, it is not enough. I checked the lives of old people in my line of work and also in other line of works and see how challenging it could be at the old ages. It can be more if the children of these people are not doing fine financially.

Thinking of the future ahead, I started making aggressive savings apart from my pension as far back as 15 years ago keeping my money in the bank and depriving myself of so much benefits. Regrettably inflation has ruined this money for me. When I think of the 15 years I saved the money, it makes me unhappy. Learning that bitcoin started in 2009 and could not make a cent from it is another recent source of sorrowful thought these days when I read online about success stories of bitcoin investors.

The recent reality makes me see it that investment is better than keeping money somewhere for a little interest. The story will not be like this having bitcoin bought over 10 years ago.

This is not going down with me, it is me that will not let it break me. Delay is not denial,  i must make money in bitcoin henceforth. It is making me aggressively learning how to make money through investments and bitcoin is my top choice for trading and holding.

Not so late for any newbie like me also, face inflation with bitcoin but be smart with it.

Bitcoin should stay and will stay more than 100 years, there is nothing the government will do about it. The worse they will try to fight it but it will keep the privacy purpose it was been established to do. Government can not fight the bitcoin network, they do not have access to it, they can only let some people be afraid that they will sanction them at worse. This is where people will turn to the p2p and will continue in the decentralized mechanism.

The government will not try something so stupid about bitcoin, the reason is that many alternatives will be present in the future. The government's CBDC will be will be part of it.

The recent dropping in price of bitcoin is a blessing to those that missed it from the time it should have been bought. I made my analysis on maybe to buy my crypto this week, the analysis was made yesterday but the result states that waiting is better because of the neutral tone of the tradingview signal. The lower price of the crypto will make it be bought cheaper and is an opportunity for safe investors. But it can't go as low as $15k, when it is around $22k, I can buy it.

My desperation after becoming plus one here to own my bitcoin has grew in a week. The first journey was to look for the best wallet to use and Electrum becomes my choice. The account has been opened and I wait impatiently for my salary to enter this week to buy the first set and keep it.

On the second thought, I checked the chart of bitcoin to know if it's safe to buy immediately. My trading experience is weak but not so bad that I can't read the chart. The chart shows bitcoin is still going down, that made me rush to tradingview advice to be sure. The monthly advice shows that I should wait.

The reading of Neutral has more vote of 10 than the Sell that has 6 and Buy that has 8.

I will let this be my guide, will wait till the Buy has the highest vote. Money investment need to be carefully planned. This is just my plan, you can advice or give it kudos.

https://i.imgur.com/6MDPcan.png

I know the situation on checking the chart of bitcoin, no crypto will move so high as it did since January without finding a support at lower levels. The support may not be deeper but it will give the relieve for it to have stronger power to pump in case it still have the trend. The pump of bitcoin is getting better visibility, it may not test below $20k this year again. The time of the over-bearish condition was last year and it's gone.

Thank you everyone for contributing and guiding me on this choice, it was a tough choice since yesterday through to today. I stressed my brain before I finally made my choice. I read through your advice and preferences and go through links provided by many and  I did my research online to get more clarity.

In the end, the winner is Electrum wallet. I trust not to regret this but will not buy in large scale at first.

Money is very powerful but it does not rule the world, it is the people that has the money in abundant that rules the world. Having money makes you powerful and your worries is 99% solved. It is the reason why people will do bad and good things due to the influence of it in environmental. You can't own anything without money and can't be served without it. This gives those that has it the power but the money itself doesn't have that power without being in the hands of others.

Money generally makes you live at best where you find yourself, you should picture bitcoin as money. The way it goes round can have a good implication in an economy but the economy must do what should to attract more of it. Be it bitcoin or real money, they could have impact in an economy since they worth a value. Except for the bitcoin decentralization that will not make it addable sometimes.

Scam is everywhere, I fear for my money. They say the person who ask for help does not make a mistake. I want to own my first Bitcoin next week when my monthly salary is paid but afraid of jumping on any wallet to avoid losing my money.

The popular choices I hear from people are Binance and Freewallet. Which one should I choose? I am just starting my bitcoin owning journey and it will be kind of the senior guys to show the way.

You can suggest better ones if there are any.

This leak is serious, it may be true or not but definitely shows Russia is losing this war unless for the destruction that has been done inside Ukraine. Russia just killed those boys, girls, women and men like that in this heartless war that should have been avoided by a good hearted leader. Ukrainians did heroically and are better than Russians that are at the advantage to use drones and shelling techniques. The US and western allies will continue to support Ukraine and will not let the useless Putin win.

Cryptocurrency has done so well, don't forget that the first one which is bitcoin was just introduced in 2009, the technology has done more than well to have been known this much. Time is required for more adoption, easy exchange and payment.

I do envy you guys that are paying with bitcoin and the rest, my first purchase is minus today, I must purchase bitcoin soon. I'm not illiterate about it just that no need for me to buy anything with it but will try it soon to know more of the benefit. I will buy and keep and update here.

I did not expect what is seen lately with bitcoin, there is no choice anymore, I adopted it and should be adopted by those who believe in gradual aging and new world. Bitcoin created the road where other cryptocurrencies are passing and building all sorts of programs upon.

Can't it be destroyed?

I will not believe this, it can't be destroyed. I have some considerations.

1) Government: No power of supremacy can be abused here. The government doesn't have power over it because it is not controlled by any central authority. The selflessness of Satoshi Nakamoto made sure of this by not giving room for manipulations.

2) Hacking: Getting to know of many hacking stories of the past about bitcoin was confusing, but none is about the direct bitcoin network but websites and wallets housing it. Most of the websites hacked are custodial, I don't like them.

Not that it is completely impossible to hack the bitcoin network but the needed condition to do so seems impossible to meet. For the proof of work blockchain (PoW) like it, it will take the hacker a very high computing power to take half of the blockchains network before manipulation will be possible. No person or group of person and government can get to the arrangement because this computing power is widely spread.

3) Future: Bitcoin future keeps shining brighter, it came into the lead like a play, it will continue to grow in adoption. Considering the regulation, government will try more and will want to use alts against it but the truth and uncompromising decentralization of the cryptocurrency will speak for it and make it win.

It will get to a time in the future when bitcoin will be the only cryptocurrency the world can trust.

Reference: https://worldcoin.org/articles/can-cryptocurrency-be-hacked