SHA 256 is a hash function and we all know that hash functions are irreversible. So, no.

The number of known addresses on the Bitcoin blockchain that hold 1 BTC or more has hit a new all-time high. According to blockchain analytics company Glassnode, the number of wallets holding at least 1 BTC or more reached 950,000.

       I saw this article on a different site, the guy did drop some really interesting points some were a little hard for me to understand though so I decided to bring it to this forum. A link to the article will be provided at the end of this thread.

Myth 1: Crypto is trying to replace fiat money:

Personally I don't see this as a myth, crypto isn't trying to replace fiat money  there's a high chance it will. For those that don't know, fiat money are national currencies that are controlled by the government and backed up by a commodity like gold. In other words, fiat money are just physical currencies. I feel there will come a time where fiat money won't be needed it's just 2022 and the need for fiat money have already began to reduce, most transactions are now done through cashless transfers.

Myth 2: Crypto is just for speculation:

I didn't really understand this point. Is he talking about crypto being based on speculative investments? I'm hoping someone here would explain this better.


Myth 3: Crypto is one big scam and ponzi scheme:

Honestly I found this funny, do people still think crypto is scam? If it we were still in 2010 then no problem you're right to be skeptical about it. I don't think crypto can even be classified as a Ponzi scheme because, unlike most Ponzi schemes it doesn't depend on the number of new investors to maintain its Value. Yes they are alot of crypto related scams like; fake links especially on Facebook, fake crypto exchanges etc. The guy also mentioned some others in the article.

Myth #4: Crypto has no intrinsic value:

I'm actually very interested in this particular point. Is this a myth?, Does crypto actually have an intrinsic value. First of all Intrinsic value is the measure of an investment based on its cash flows. For crypto to have an intrinsic value doesn't it have to be backed by a commodity? ( E.g: Gold) like how most fiat currencies are.
I'll be quoting his last line here. "if you really think crypto doesn’t have any intrinsic value, then you’ll have to believe that fiat currencies don’t either.".

Like I said earlier, I'd love to here your opinion on this especially the last line.

https://mikewchan.medium.com/crypto-for-beginners-dont-believe-these-four-myths-when-learning-about-crypto-1a9e1aa0e936

That's the link to the article above.

I recommended online wallets for those just starting crypto currency. Cold wallets are  really expensive. An external storage source costs almost 300-350 dollars as of now.
I also mentioned that's if you actually read the post that overall cold wallets are better but " for a beginner it's advisable you start with online wallets, later on if you wish to diversify your assets you could purchase a cold wallet"

Now from your second reply I can see you're against the Altcoin idea. Yes it's a risk but isn't that all crypto is all about "sometimes you win, sometimes you lose".
You are right though, anyone venturing into Altcoins should start up with a small amount just incase.

      Before we begin, let's try to understand what bitcoin is. Bitcoin is a decentralised digital currency that can be transferred on the peer_to_peer bitcoin network. First emerging in 2009, bitcoin is currently one of the world's largest digital asset. For potential investors and traders, if you want to succeed in the bitcoin community, here are a few things you should know;

(1) First of as a beginner it's advisable when choosing a wallet that you go for a hot wallet like metamask, coinbase etc over cold wallets. Though overall cold wallets are better than hot wallets as they are not internet based, making them less vulnerable to online hacks. So if later on you decide to diversify your assets, you can use the both hot and cold wallets. But if you're just starting, hot wallets would be advisable I'd recommend coinbase.

(2) Next you have to get yourself a reliable and reputable source for bitcoin and crypto related news. They are and they will always be opposing opinions about bitcoin, alot of negative feedbacks and they'll try to dissuade you telling you that you'll only be disappointed if you venture into Bitcoin. That's why as a beginner you need to stick to a reliable source that'll only give you solid facts. These sources might be crypto blogs, a twitter page, podcast or even a friend.

(3) This I'd say is the most important. Always bear in mind that bitcoin is unpredictable and not as stable compared to other standard currencies. Don't expect it to be all fun and smiles all through. Some times you'll win, some times you'll lose its inevitable.
Just look back at the 2018 crypto crash where the price of bitcoin fell by almost 65%. That's where most people get their negative experience from.
This has nothing to do with being a beginner even crypto gurus are still yet to master the trends of virtual coin.

(4) I know I made this thread specifically for bitcoin but how can you be a good investor if you don't expand your horizon. It's advisable to try out other Altcoins I'd recommend ethereum or ripple. Don't put all your eggs in one basket always research to see which coins are thriving well, check out their past and possible future, ask questions  this is where  those your sources come in.
 In other words just try and choose your assets wisely.

(5) Last but definitely not the least , always be vigilant, always check on your sources from time to time. Make research on any terminologies you do not understand. And always be prepared to take risk at any time .

     Like any other skill, you can't learn crypto in a day or two. Sometimes is takes months sometimes year before you can learn crypto to a certain point. As I said earlier, we can never truly master the trends of virtual coins. Even I myself I'm still a learner I learn everyday through research, personal experience and my sources example this forum.

      As a beginner research is imperative as ask questions it's important. I will accommodate questions under this thread. Below are some links if you still which to research more.

https://coingeek.com/bitcoin101/

https://www.fastcompany.com/90285052/beyond-the-bubble-what-happened-to-bitcoin-in-2018

https://cryptopotato.com/bitcoin-for-beginners/

https://cointelegraph.com/bitcoin-for-beginners/amp

Honestly, this thread was made to answer a question I saw a few days ago.
For those in the comments section. You're right it's very risky but also bear in mind that what didn't work for you might work for another.

Don't forget I also mentioned about the risk involved in margin trading. Dropped links too for those interested to read before venturing into it .

I don't think there's any part of crypto that doesn't involve taking risks, all we can do is learn how to minimise or manage those risk.

  True, even if you eventually find one that's legit and not fake,  it'll eventually tire you out  just like you said

I don't really get what you're saying though, did they pay any form of money for it?
Sure data is needed, u don't think there's anything you can do on the internet that doesn't involve data including this forum too

Yeah I get you, most of these links on Facebook are fake the amount of  bitcoin related scams are too much especially on Facebook
  #spin the wheel, watch ads, okay games😂
 

         You're into Bitcoin right?, You know the benefits you've enjoyed since you started your  crypto journey. You could start by telling them that. But honestly based on my personal experience I think people are more likely to be more attracted to what you're saying if you talk to them face to face
       Most of these online stuff are very hard to believe.

  There are a number of reasons why this happened it's probably from your end though. Just try refreshing the page, if that doesn't work then clear the tab and start the whole thing afresh.

       Margin trading is but one of the variety of channels through which crypto currencies can be conveyed.
 
       Margin trading is a trading conduct in crypto currency that involves the trading of assets using money provided by a third-party either by borrowing or adopting funds from other traders to build their engagements in the market. Plus, they also get a large amount of capital. Margin trading is a skill that is widely accepted in a steady market.

      There are two know ways of using margin in a trading account; cross and isolated margin trading. Cross margin also known as spread margin is the most commonly used margin mode. In the form of margin trading, the margin is distributed within open positions with the same settlement crypto currency. This method is important for traders who are obstructing existing positions and the stock purchase of the takeover target. Cross margin is determined through the total value of the asset and the debt in the Cross margin account. It's advisable to choose cross margin over isolated.
 
      Margin trading has a lot of advantages, but a notable benefit is that there is a greater profit for the trader based on the relative value of the trading positions. Same way it has its edges, it also has its drawbacks. One of them would be the risk of MARGIN CALL : {This is a situation whereby the trader is obliged to fund their account so as to reach the minimum margin trading requisite, and if by any chance they neglect the demand, then their properties will be liquidated without seeking any agreement}.
       This could propagate loss and mandate the production of higher return than the margin loan rate.
     
      For a trader to apply margin trading in crypto, they must first open an account either long or short position. If a trader is awaiting an expansion in the value of the asset, he'll have to go with a long position account, but if they expect less progress in the value of the asset then they can open a short position account. After that, they're required to make an advance payment also known as ( INITIAL MARGIN) this also stands as a little collateral.
      If you're interested on researching more on margin trading, use the links below.

   https://www.sofi.com/learn/content/margin-trading-crypto/

   https://www.binance.com/en/margin-trading

    https://www.coindesk.com/learn/what-is-margin-trading-a-risky-crypto-trading-strategy-explained/

     Thanks for the recommended sites but based on most of the comments on this thread I think it'll be better if I just dedicate my time and energy on learning about bitcoin first.
    I'd still check out the sites though. Thanks.

     I get you trying to say. But these GPT sites are legit right?
     

      Bitcoin mining difficulty is  an expression of how many hashes a miner needs to produce a cryptographic string, these strings then earn the right to add the next block transactions to the chain.    

       Mining difficulty allows miners to solve and generate a new block approximately every 10minutes, and is readjusted every 2.016blocks (approximately 2 weeks). This readjustment is controlled by an algorithm that was hard-coded into the source code by the creators of bitcoin. This readjustment depends on how many miners are operating in the network and their combined hash rate in the mining network. This ensures the steady discovery of blocks.
    
     Mining difficulty is on the hash power of the miners, the total computing power of a miner or a mining pool.
       The hight the hash rate, the more difficult it is for scammers or fraudsters to control the Blockchain. Since more mining power means miners now hash transactions faster, the block rate also goes up, the network increases the difficulty. So naturally, a declining hashrate can lead to negative adjustments in the difficulty.
    
     If you desire to research more on this click on the links below
https://en.bitcoin.it/wiki/Difficulty

https://www.blockchain.com/charts/difficulty

https://www.coindesk.com/learn/bitcoin-mining-difficulty-everything-you-need-to-know/

  
      

   As I said, I just found the whole thing hard to believe. From the comments on this thread I understand it's actually possible to earn bitcoins for free but it's not advisable. " A waste of time " as the first comment said
    You're right though, it's only greed that can drive someone to look for free bitcoins

      I think you're wrong there, not everyone knows, I didn't know what limit order was until last week I actually came across a thread where someone asked a question relating to limit order, the poster didn't laugh at them he clarified them on the matter and also drop links to sites for further research
   
 Yes obviously you know about it but don't just assume the same for others, thanks

      For those who don't know what limit order is, it is a buy or sell order that executes at the minimum price set by the trader or even better. This allows traders to set a limit price to buy and sell crypto currencies.

       Most of you reading this might probably be thinking " okay that's cool, but why use limit order". Alright let's take this as an example;
A particular stock let's say it's reducing or increasing at an exponential rate and the trader is fearful of the market volatility. A limit order can be applied to give the trader control over the execution price. Limit orders can also be used to pick specific amounts even when the crypto is yet to reach the given mark, limit orders are automated so investors need not worry about watching the market 24/7.
  
    As you've seen a limit order is very important in crypto. For those interested in purchasing a limit order, if you're using binance simply;
(1) log into your binance account, go to TRADE, there you'll see CLASSIC and ADVANCE. click on CLASSIC you can also use ADVANCE but for this example I'll be using CLASSIC.
(2) After you've done that, move to the search bar and enter BNB then choose the BNB you wish to trade. Example; BNB/BTC, BNB/BUSD, BNB/ETH. We'll be using BNB/BUSD for this example.
(3) now scroll down to the SPOTBOX and select LIMIT. set the price and amount you wish to buy then click on BUY BNB to confirm. Once it's complete a confirmation pop-up will appear and your limit order will be placed on the order book
  
     Investors should also bear in mind that limit orders used in crypto usually lasts for 24hours, so it's advisable to always review your open limit orders from time to time to keep up with the ever changing market conditions.
      If you're still interested in reading more on limit orders, click on the link below.

https://coindcx.com/blog/product-tutorials/what-is-a-limit-order-in-crypto/

   
       Yeah I get what you and Accardo are saying, I'm actually new on this forum and just learning as I go, thanks.
       True market orders are important as well that's a fact, but this post is just specifically about limit orders.