I guess it depends, if you leave instructions, passwords, email account info, in a will, trust, or with family, sure its attainable. If not, then its the same as if you lost your private key, it's gone. I use encrypted excel files with everything saved on password protected thumb drives (seperate copies) with family, and two additional ones in my possesion. Don't leave in a bank deposit box.

Paper wallets that are properly generated offline and securely stored are immune to hacking/malware/etc. The idea is you never enter the private key into a networked computer until you're ready to spend the Bitcoin, and even then you can sign the transaction on the offline computer and transfer it to an online computer for transmission using software like Armory. The only way they could be compromised is by physically stealing the printed private key, or perhaps a weakness in the cryptography.

How paranoid are you?

If you're not very paranoid, you could use a web based generator like http://papercoin.org/ to generate a paper wallet. Ideally you should audit the JavaScript source code, use your browser's private browsing mode, and disconnect from the internet while generating and printing paper wallets.

If you're somewhat paranoid, you should boot a machine using a Linux live CD, generate the paper wallet, print it, and shutdown the machine, all while completely disconnected from the internet. See: Creating the ultimate Bitcoin Paper Wallet

If you're very paranoid you'd use an N-of-M scheme to generate M keys, any N of which could be used to recover the actual private key (e.x. 2-of-3, or 3-of-5), and you'd distribute the keys to M different safety deposit boxes

If you're extremely paranoid you'd destroy the computer and printer after generating your paper wallets. Or just compute your paper wallets by some rolling dice and performing the math by hand

Holding is the best policy. Unless you're working with enough money, day trading can be difficult to turn a profit. You may very well hit the jackpot one day and wake up with some serious $$$, but don't expect every project to do that. This industry is reliant on adoption, and fed with speculation. Pick projects you can see lasting in this industry for years to come.

Slovenia (no tax on trading and hodl)

Well, if you ever studied history in class, you would know back in WWII, the USA had the largest gold reserve making them the wealthiest economy at that time. Gold is a commodity (duh), which no longer supports currencies ; hence the term Fiat Currency. During bad times (war), gold was the safest investement. But now that we have bitcoin, it is debated whether bitcoin is the new gold (as it is not back up by any government, or has no control at all).

Too late to mine. Too late to get 1000x on your money. Those who bought at around 20K lost over 50%. You may lose more possibly when getting scared and selling at a loss on a dip. Or you may gain some profit if the price goes up and stays up or you lock in your profits.

Hold, worse comes to worse, you lost some money. Best case scenario you make some thousands.

Austria: 0% tax when hodled for more than 1 year.

I think this also applies to Germany (but not sure)

No one has any idea where this thing is going. It could rocket backup $3k tomorrow or drop $3k just as easily. It may be worth $100k in a couple years, or $0 in a couple years. It's literally just guessing at this point.

If you want a safe investment, pick something else besides cryptocurrency. If you are not risk-averse and are intrigued by the possibility of a big payday, invest in Crypto.

Bitcoin is new technology with unique features - it is immutable ledger that holds amounts and stores transfers of these. It is immune to censorship and other attacks. It is also immune to confiscation by authorities (either direct or indirect via inflation). At the beginning (year 2009) bitcoins had no value, but the properties listed above became interesting for people so those people who weren't mining wanted some and offered first trades for fiat (dollars). So, first value was established like that. Then, this was reinforced - more people saw that bitcoins can be sold - and that the unique feats of Bitcoin are applicable to storing/transferring/keeping value.

The first and simplest mindset that people latch onto is dead wrong.

"It's going up, I better buy a whole bunch and sell that when it's done going up!" Nope, nope nope. Sell a portion of what you already bought when it was low.

"It's going down, I better sell everything and buy it back when it's done going down!" Nope, nope nope. Keep some cash on the sidelines to buy when it goes down. Not sell.

I'm fairly confident in the price going up depending on adoption rates, this drop is a short term thing in my opinion.

Do not put money into crypto that you cannot afford to lose. This is gambling, no other way about it. Most of these projects will fail, and if you put all your investment into a single project, you will lose that money.

Do not day trade. Trying to catch waves daily may work in the short term, but will not give you long term gains. Research the companies and platforms, choose carefully where you want to invest, buy your coins, store them somewhere safe, and leave them alone. Even if the market tanks, like what happened the other day with South Korea, just leave it alone because this is just money that you can easily afford to lose.

Do not listen to the shills on the internet. Don't listen to CNBC, "experts" on Youtube, reddit posts claiming to have the new moon coin, or anything else. As previously stated, do your research, find companies with actual promising partnerships and a real product that solves a real problem, and invest with them.

Cash out your principal after you've made some modest gains. Playing with house money is the best way to play. Also, you may want to set up "mile markers". For example, if my portfolio gets to X amount, I will cash out Y amount and pay off a credit card. If it then gets to Z amount, I'll cash out another Y, and so on.

Simply have faith in yourself that you've made sound decisions and those decisions will pay off in the long run. No one knows where this will go, but I think it's going to be much larger than anything we can imagine.

Sell! Sell! Sell! especially if you're going to turn a profit right now.

You won't find many people in any of these communities recommending you sell as it seems they're filled with fanatics. But there will be another large dip here soon before it goes back up.

Sell most of your inventory now, wait for the second dip and then possibly rebuy.

But look for more dips soon as governments are going to crack down on cyptocurrencies worldwide. You think they're just going to let people circumvent their financial systems... haha yea okay sure.

"A Wealth of Common Sense" by Ben Carlson of Ritholtz Wealth Management is clear, concise and accessible to beginners while very useful for individual investors reviewing their portfolio strategy. It also includes essential behavioral economics aspects – the factors that go into decision making.

Important is the integration in Industry. Dont care about Facebook. Social media plattforms are replacable, industry not.

Slush Pool.

One of the oldest and best around.

"Our pool stays politically neutral." - Slush Pool

Gold:

Monetry value = scarce, fungible, decent medium of exchange, potential unit of account.

Utility value = good at making physical jewlery (malleable)

Bitcoin:

Monetary value = scarce, fungible, excellent medium of exchange, potential unit of account.

Utility value = ability to record data in a global immutable encodable ledger (single source of truth)

For the people who understand golds potential but discount bitcoins. Realise that in an increasingly globalised and digital world, immutable uncorruptable record keeping is much more valuable than the ability to make jewlery.

Who cares.. they’ll be back. Iran citing money laundering as a reason is absurd, unless of course you decode it to: “Oppressive regime bans currency they cant control and manipulate”. I suppose this is getting old now. Apologies.

It's never too late to start investing!

Before diving into the market, I suggest you read up about bitcoin and the technology behind it . When you start trading i suggest trade small amounts at first so you get a feel of the market.