A ban of Bitcoin as allowed payment seems to be only a marketing move from Elon Musk to make Tesla more known and get some reports and news for Tesla.
Maybe he will enable it again but I'm not sure because he was very negative about Bitcoin. Maybe he will instead allow only more energy efficient coins.

Defi has clearly only a future, where fees are low (because it's impossible to use for Ethereum now), transactions are fast (because people don't want to wait) and Defi needs to be censorship resistant (to be a truly Decentralized Finance).
For Ethereum, it's decentralized and fast but not cheap, for Binance, it's fast and cheap but not decentralized.
My most favorite Defi platform is Avalanche [AVAX]. At Avalanche, Defi is cheap, fast and decentralized. It will really have a great future and bring us a much more better Defi network.

So sad, bro!
Elon made a huge announce and it was negative for Bitcoin but all Altcoin was also crash.
We have always to expect for a very volatile market from unexpected announces.

But all coins will recover, bro!
Crypto currencies have huge potential!

At a high possibility, big dip is over now maybe. But I don't know because right now, market is looking very weak. When all coins don't go up steadily, a dip can still occur any time.

It is very important to have your coins saved.

When you have coins but connected or stored in a online wallet and a hacker connects to your computer, he can steal your coins!

Solution is: try to avoid online wallet and instead only use paper wallet, here from MEW where you can really generate your keys offline where never a hacker can see your private keys because it is always generated offline. Note private and public key on paper, save it at a USB stick and never store it at your computer when it's online.


Always offline creation will give hacker no access to your private key:

MEW offline is even more safe compared to hardware wallet like Ledger or Trezor. At MEW offline, you are creating your private keys yourself and have full control about creating it. Nobody knows which person at Ledger created your private key and if he has noted your private key. Also, when sending a transaction you need to connect Ledger to your online device, if you re-use addresses and a hacker has connected before, you would need to generate completely new address.
Hardware wallet like Ledger also stores your data which is very bad for privacy. When Ledger personal data was hacked recently, many people were affected. No coins were stolen but personal data. Such accident can never happen at MEW because MEW is not a company, you personal data is never collected and never stored. Yourself has full control when creating an original MEW paper wallet. MEW  paper wallet is real, encrypted Ethereum original code!


Someone made a tutorial about how to create a MEW offline wallet and he is expert for computer scientist. He really knows coding well and has made a great tutorial, first part is about creatin address: https://feest.io/generate-offline-ethereum-wallet/

It is easy described step by step how you can create a MEW offline paper wallet.


Today, MEW looks a bit different but MEW offline is still available at GitHub. It will be even possible to create MEW offline paper wallet in 100 years offline MEW because it's based on MEW original code. It's 100% encoded Ethereum technology!!

You need only to make sure to save your keys offline on paper at a private location, where it's safe.

it's true that hold is indeed safer and certainly it will be profitable if we can sell it at the right time. but we also have to be more patient and careful to hold it until the price is what we want.

Yes, for HODL, to be patience is very important. So many people sell to soon and don't take full profit or people are getting weak, when a coin has loss suddenly. It is always important to don't invest more to afford to lose and ofcourse, to be patience.

Yearn Finance is a very good coin because it is developed by Andre Cronje and from a fundamental point of view, Yearn Finance is very undervalued.
Maybe are people not buying it because it has a very high price? Many people don't know to have a look at overall numbers how much coins are existing in total of a currency.

Tron is known to be a bad coin because for now, it is a centralized coin and no innovation. Justin Sun is pushing it on social media for hype but for fundamentals, Tron is very weak. It has a high risk to become an irrelevant coin when better altcoins get more famous over time.