Sounds fun until reality hits you with a huge bat in the back of the head.

Bitcoin still isn’t that much popular as a currency of choice. Like @franky1 said, there’s nothing to lose right now if you start a business and accept fiat first. BTC can come later, don’t imagine that if you accept BTC everyone will come serve some food at your place.

As much as I love BTC, I don’t think there’s a lot of potential yet in accepting BTC for your business sales. There’s so much more room for growth and it’s nice having it as an optional payment choice but it won’t bring you that much revenue. Especially in this market.

Who would’ve thought that downloading a software modified by some stranger and adding banking information or crypto wallets in that software is a bad idea?

This is why you either go full license mode or you move to a free system like linux distros! Never a good idea to play with modified software and sensitive information.

The actually free crypto wallets have teams that rely on their main job and donations. Believe it or not, people who do this for everyone else and not for personal gains still exist. They’re rarities, but they exist.

As you may expect, donations usually aren’t considerable and they’re more like tipping. That’s why they have to rely on other sources of income. I’d guess there are also a few devs who have enough money and passive income to not give a shit about being paid to do fun development stuff.

Lots of red flags in your answer, buddy! FAQs don’t contain all the information and it often doesn’t even contain KYC information! It’s called Frequently Asked Questions for a reason. Also, verifying software is a must and trust me, if you do it once, the second time it’s easy-peasy.

You’re storing your seed/wallet as a backup? What if your hardware decides to give up and fail on you?

Reserved

If you're like a normal human being, you'll get into a lot of situations where you feel too comfortable and lazy to do everything properly. This'll one day come with an incredibly large cost. And unfortunately, the cost will for some of us be part of the Bitcoins we own.

I'll ask you some questions.
- When you're registering on a centralized exchange, are you reading their Terms and Conditions? What about their Privacy Policy?
- When your favorite centralized exchange sends you an e-mail about updated Terms and Conditions, do you take your time to read the update?
- When you're downloading software like Electrum or Trust Wallet, are you verifying the downloads before executing files or installing?
- Did you ever thoroughly, properly plan a way of storing your seed safely and backups for it?
- Are you storing your Bitcoin on a device specifically used for this purpose only, be it a hardware wallet or an old laptop?
- Do you store the majority of your balance on a safely created, properly stored Bitcoin wallet that only YOU own (a seed generated by you)?

If your answer is No to any of the questions above, you need to reconsider your attitude regarding the way you're storing and using Bitcoin. Never take security as a joke or you'll end up being one of the many, many, many thousands of victims of one's theft, a business's decision to seize your coins or the universe's decision to make your improperly stored seed indecipherable and lost forever in vain.

For every question above, there's a reason I asked.
- Exchanges may have KYC policies you don't know about. For what's worth, you may deposit your life savings on a popular exchange and next thing you know is they steal it from you out of what they call suspicion. But it doesn't end at exchanges. Not downloading the proper wallet can lead to this too, even if the wallet is very popular on the app store with many downloads. FreeWallet is the perfect example. They scammed their users out of probably dozens or hundreds of millions of USD. They do mention KYC policies in their Terms. Their wallet isn't even a wallet anyway, it's more like a custodial service. But who reads their long-ass Terms, right?
- Years ago, Bittrex users found their exchange wallets frozen due to an update of the Terms which they missed or were too lazy to read. The updated Terms forced the submission of personally identifiable documents to Bittrex in order to continue using their exchange or even WITHDRAW your coins from them! In consequence, users found their funds frozen and many of them never got their funds back because they didn't want to send mugshots and IDs to the exchange.
- By not verifying your downloads, you're doing a HUGE mistake. It's a great idea to verify and never trust just your gut. There's a chance Electrum's website is compromised and you're downloading a malicious executable off the official links. For extra security, ask even on Bitcointalk whether your executable's hashes are legitimate. Better safe than sorry!
- If you're not storing your seed safely, there are so many possible ways things can go wrong. Are you storing your keys on a piece of paper? Ever thought the text may fade away? Ever thought what you'd do if a fire started in your house while you're away? What if your dog eats your paper? What if your little kid finds it and decides to rip it into multiple pieces or even throw it away without your knowledge? Think of all the possibilities and find a solution to cover most of them. The solution can be as simple as using some washers, a screw and a nut.
- If you're using Bitcoin on your main device, you're doing it wrong. A wrong click can easily lead to a big costly mistake. You may not even notice it until you send your Bitcoin.. to the wrong address!
- Never store your coins on a centralized exchange. Exchanges have been hacked before and you don't want to be a victim of it. Just.. keep your coins safe under your own custody. Never allow a stranger to take part in your wallet's security because you never know what could go wrong. Not your keys, not your coins. Never forget this.

Stop being comfortable. Stop being lazy! Stop underestimating what could go wrong due to your silly laziness. Protect your coins now, before it's too late!

Both are slow starters. Both are risky. How long does it take you to get another $800?

Nobody guarantees a close bull run or a business success. I personally think $800 is about nothing anyway, unless you do something like dropshipping. Anyway, don’t go all in. Diversify and see which does better, otherwise if you have a single investment and it fails.. you’re gonna regret it

It’s worth it only if you care about the speakers or what they’re gonna talk about. Or, if you want to make connections and learn more about the subjects the speakers will present.

It’s very important to make sure you choose an event of interest. There’s no point going to a blockchain event if they’re gonna talk about coins you don’t care about. It’s just as pointless to go there if you’re a Bitcoiner and only altcoin founders will talk, unless you’re interested in learning more about other projects.

Overall, I think there’s some information you’ll learn regardless of the event that will open your mind more and teach you new things. But again, it’s not as easy as a yes/no answer.

If your business is kinda struggling, I think there’s equal good and bad no matter the decisions you take.

Buying BTC is fine and great, but consider that money lost. If you were to “lose” all that money instead of investing it, does it still sound like a good idea for your business? How about the future of your financial situation?

It’s a good idea to never keep all eggs in the same basket, but think it very very wisely and thoroughly. You don’t want to spread your eggs in high risk investments I suppose. After all, there has to be at least one safer, more protected egg.

My advice is to take this very seriously and seriously consider your actions. Are you willing to take the risks involved? Because the BTC market isn’t in very strong at the moment and the uncertainty is about at an ATH.

Everyone’s such an expert when things are obvious and they can’t seem to find other emotions except panic when things aren’t going that well anymore. It’s obviously very cool to buy in the second half of a bull run and pretend you’ve done an amazing job and know how to invest only to find yourself stuck months later with a loss you thought wasn’t so possible.

If investment history and experience taught me anything, it’s that this is the time we have to buy not sell because most of the time it’s you have to go against the hoarde not with it. And now that everyone’s getting out it’s like you get a second chance, a second opportunity to buy what you didn’t months/years ago. But do they get it? No lol, everyone’s panicking so let’s panic altogether and cry about our bad decisions blaming it all on BTC

I can’t wait for the next bull run when things are gonna be settled with the SEC, Binance and all the other bullshit going on right now. All those people quitting at the moment are gonna be the ones excited again about a bull run they half-missed because to them you buy high & sell low in total panic lolz

“iNveStoR”

It’s very true though that CZ has also done a lot of good to the adoption of crypto. Of course he’s stepped over others before, they all do, but his downfall would still have a massive impact over BTC and crypto overall. Whether we like it or not, his smart chain is worth a shit ton of money and if that collapses.. on the good side we’re gettig rid of a good part of today’s shitcoins but on the other side we’ll have to buckle up for what’s coming our way lol

Yeah Venezuela tried doing that but AFAIK it was a super sketchy project that wasn’t even blockchain-based but they rather created a fake blockchain-looking database that was highly centralized and weird. The concept itself isn’t new but it hasn’t really been put to the actual test. I think there’s so much more progress from CBDCs of big states of the world than the sketchy thing Venezuela did.

I’m really really curious to find out if this mexican thing is just a thing to attract investors or they’re actually finally doing something legitimately on a blockchain. Interesting anyway.

Guess you could say there’s progress if inflation’s like never before, idk where you’re from but some countries have such corrupt & stupid governants they’d think higher inflation is progress

If Binance as an exchange shuts down? Very bad outcome. All you have to do is study the outcome of previous hacks/shutdowns of what used to be the largest crypto exchanges at the time.

If Binance collapses as in Binance Coin or the BNB chain? It’ll probably be the most massive crypto burst and cold winter in history. There’s no other way around it. There are currently thousands of alts sustained by BNB. It’d likely have the same effect as ETH collapsing and bringing its entire chain filled with shitcoins down with it. It’d be a terrifyingly massive arrow to crypto’s back.

Of course, Bitcoin will do well. But probably only years after the collapse.

Are you looking for fiat to BTC and backwards? Are you looking for BTC to alts and backwards?
Do you need quick trades? Do you typically exchange smaller or larger sums?

To me, volume is sometimes the deal maker or deal braker. A DEX will continue to be a DEX and will likely still be safe (unless you’re going for a never-maintained, unknown project). The question is which one has the features YOU need?

You’re right, all other forums are mostly dead. Now tell me, out of all these other forums, how many pay you per post?

The main reason plagiarism isn’t allowed here is because it’d turn this forum into a sad loophole of bots and copy-paste content. Even the current state of it is pretty bad although plagiarism is minimum and expelled whenever found. Everything’s being repeated over and over every thread like an infinite echo.

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All in all, did we all really become such sensitive snowflakes that I can’t say it’s weird some people take this forum in a too damn deep way? To each their own, but reading the post I had a feeing OP was ready to soon worship some of our Legendary members lol.

Why do some people take this forum so deep? It’s just a website man, follow common sense & the rules and you’re in. There’s no need for boot licking or worshipping, you’re suppised to be here for the fun of it, it’s not some cult of weirdos (I hope, because I’m in it too lol)

Is this correct? If so, TIL. I’ve had this misconception in my brain for so many years?!

The way almost everyone defines the public key now got me fully confused. Here’s what the internet says a public key is:
• A public key is like an account number that you use to receive bitcoins.
• Wallet programs create public keys to receive satoshis and use the corresponding private keys to spend those satoshis.
• A public key aka a public address is your unique Bitcoin address, which is used for blockchain transactions. (this is from FreeWallet, not the best educational source)

I thought public key = address and that the public key you’re referring to is called the master key. Now I gotta do some research!

The easiest explanation is found in the Whitepaper. If you need an answer about how and why, Bitcoin’s best definition and explanation as to how it works is over there.

Bitcoin address is your public key. Private key is your private key. Now you know what must stay public and what shall be kept private. You never share the private key if you don’t want strangers to access your stuff (coins).

People underestimate how important it is to read terms of websites you’re signing up to. This can be life changing in some situations, and not in a good way! In fact, I’d say it’s about as important as reading any other real life contract.

But I do agree, it’s pretty hard to keep up with terms.. particularly if you pull out online contracts like Google’s terms which take you probably at least 15 minutes to read and at the end of the page you aren’t sure you understand the entirety of it. I think they make the contracts so long partially because they know we won’t read it, lol.

Updates to terms are obviously important. But who the heck keeps up with all of that….