FTX is not the first exchange to betray the trust of its customers, nor will it be the last. But through all of this, decentralized money and financial systems continue to survive and thrive, which could be a huge change for the world.

The friend who taught me how to buy bitcoin told me after my first purchase, buy it, forget about it, and come back to it in 5 years. 3 years have passed. I haven't done it though.

Most people want more at high prices and less at low prices.
Few people can sell at the highest price and buy at the lowest.

I'm glad that so many friends have joined the crypto world because of your introduction.
But I want to tell them that bitcoin is not going to help them get rich quick, and I hope they won't be disappointed.

Yes, you're right. It took me a long time to figure it out. I used to be confused. I still don't know enough about bitcoin.

I'll say a baseless but true feeling that I think someone or an institution is controlling the bitcoin price.

After acquiring Twitter, Musk may actively incorporate Web 3.0 elements into Twitter, transforming it in all aspects.

1. is the integration of encrypted payments into Twitter's functionality, making it easier to make payments, send money, etc. This is the point that should be the most realistic. According to JaneManchunWong, a well-known tech blogger, Twitter is developing a cryptocurrency wallet, "which is still in the prototype stage but already supports cryptocurrency deposits and withdrawals". It is believed that Twitter users will be able to use this feature in the near future.

2. is the introduction of NFT to Twitter by adding the ability to display, buy and sell NFT on Twitter.

3. is to reorganize Twitter's advertising ecology by using cryptocurrency reward. In the Web 3.0 model, the thinking of advertising may change a lot - advertisers may get users to watch ads by paying for them.

4. is the introduction of blockchain-based governance to Twitter. Twitter is currently facing increasingly serious governance challenges. A large number of false messages, violent speech, and zombie accounts are overwhelming the existing governance team, and for these problems, the popular DAO governance and dispute resolution mechanisms in Web 3.0 may have a lot of use.

After acquiring Twitter, Musk may actively incorporate Web 3.0 elements into Twitter, transforming it in all aspects.

1. is the integration of encrypted payments into Twitter's functionality, making it easier to make payments, send money, etc. This is the point that should be the most realistic. According to JaneManchunWong, a well-known tech blogger, Twitter is developing a cryptocurrency wallet, "which is still in the prototype stage but already supports cryptocurrency deposits and withdrawals". It is believed that Twitter users will be able to use this feature in the near future.

2. is the introduction of NFT to Twitter by adding the ability to display, buy and sell NFT on Twitter.

3. is to reorganize Twitter's advertising ecology by using cryptocurrency reward. In the Web 3.0 model, the thinking of advertising may change a lot - advertisers may get users to watch ads by paying for them.

4. is the introduction of blockchain-based governance to Twitter. Twitter is currently facing increasingly serious governance challenges. A large number of false messages, violent speech, and zombie accounts are overwhelming the existing governance team, and for these problems, the popular DAO governance and dispute resolution mechanisms in Web 3.0 may have a lot of use.

Translated with www.DeepL.com/Translator (free version)

In 2019, I was fascinated by Bitcoin after I was introduced to it. I have been following the attitude of governments towards bitcoin and hope it will be promoted. However there has been too much negative news in the past two years. I reacquaint myself with bitcoin and fiat money.

Money is a tool for exchanging goods and services in human social life, and whichever tool makes it into the system becomes the de facto currency. Governments regulate the economy by issuing money, which means they can control it. Bitcoin, on the other hand, cannot be controlled, which is why we like it, but also why governments don't like it.

After I figured it out, I no longer expect Bitcoin to be recognized by the state, and it doesn't need to be. It is part of a special asset, not a currency.
So I don't think Bitcoin is going to become a fiat currency.

I remember last year he said his company was considering whether to accept bitcoin payments, then the bitcoin price went up, then he announced that he wouldn't accept bitcoin payments, then the price went down. I really suspect he's playing a trick to make money from it.

In the crypto industry you want to catch the next wave of bull market opportunities you have to have a quality circle, and everyone will be able to group together and keep insight. If it's just you, looking around and realizing there's no one, it's actually hard to stick around inside this industry.
It is better to get to know more elites in the industry than to believe in rainbow charts.

There is a possibility that when Bitcoin is used on a large scale, with at least 80% of people using Bitcoin for shopping and expenses, the government may change its mind about Bitcoin and issue a Bitcoin banking license, which we will never know when it will come, and most likely will never be legal. So far, Bitcoin is still an experiment, not 100% successful, and it will take time to see how Bitcoin will develop in the end.

Your own hardware wallet is the safest place to be. I haven't done any trading since May. I'm waiting for a good opportunity to buy again. I've lost a lot of money in crypto investments in the past two years, but I'm pumped up and not going to kill myself, I'm sure I can earn it back again later, there's really nothing left if I die.

Suicide is desperation for life, or maybe you're sick and need to see a doctor. I think people who are suicidal are sick and need to seek help, and I hope all those who think this way get relief.

Power makes him forget that protecting user assets is what makes him worthy of everyone's trust. The misappropriation of assets causes losses and the users who trusted him end up bearing the consequences. This is so unfair.