Mine Jason Statham, Dwayne Johnson, and Vin Diesel

Then I can bet my life that you're a huge fan of Fast and Furious

To safeguard your Bitcoin holdings, prioritize security. Utilize hardware wallets for offline storage, enhancing resistance to online threats. Enable two-factor authentication on exchanges and wallets, adding an extra layer of defense. Regularly update software to patch vulnerabilities, and employ robust, unique passwords. Exercise caution with third-party services to avoid potential scams. Keep private keys confidential and consider using a secure, isolated device for transactions. Stay informed about the latest security practices to fortify your Bitcoin assets against evolving risks.

These are some really helpful hints! You've obviously done your homework on how to keep Bitcoin holdings safe and secure. In my opinion, adopting these precautions can help lower the possibility of theft or loss, providing consumers piece of mind and assurance about the security of their assets.

Quote from: Themepen on December 14, 2023, 04:39:44 PM

I understand that you are worried about keep your Bitcoin safe on exchanges. Exchanges have advantages like easy trading and lots of money available but there is a risk of hackers stealing your money and the bankruptcy of a exchange. On the other hand using a wallet is more safer especially if you keep your security phrase safe. But remember no storage method is completely safe and both options have risks.
I will recommend that you should use hardware wallet for this purpose. Which I think more safe.

Why use a hardware wallet? Electrum can provide similar security through cold or multi-signature options, it is free, unlike a hardware wallet which comes at a cost. When it comes to storage, it is better to keep everything in your own wallet rather than on an exchange. If you want to earn interest, you can stake some of your funds on an exchange or deposit them in a pool, but this cannot be considered storage.

Hardware wallets have the advantage of being fully offline and being less susceptible to malware and hacking, even though Electrum and other software wallets can provide robust security protections. Furthermore, the price of a hardware wallet can be justified as an investment in security, and for people who are worried about the protection of their money, the piece of mind it provides might be worth it. As you pointed out, whether you use a hardware or software wallet, it is always safer to keep your money in your wallet than to leave it on an exchange.

It's either ignore and live with it or just use another coin for transactions.
Looking at mempool, there are still many people who are using Bitcoin over time, so I guess they just simply ignored it.

Many are requesting for ordinals to get banned, but correct me with this one. I think for something to be implemented, many people must agree with it, and that includes the miners as well. I don't think they will like this one because it will affect their profitability. Overall, like what happened during the last NFT hype, this BRC20 hype will subside as well, and I expect fees to go down too... or will they? 

Yeah people are still using Bitcoin, but not as much as they used to before, overtime, many people has switched to moving their funds through other alternative tokens that requires less fee to do so, which isn't good at all for business, yes miners have decided to remain adamant about this whole Memepool saga, simply because they're the ones benefiting from the high transaction fees and correcting the whole thing would affect their profitability.

Well then I just hope this whole thing ends soon because if it persists, a lot of people might just get tired of the high transaction fees and decide to divert their attention to other means.

Bitcoin halving happened before and each time it has led to the price of Bitcoin going up much. This is because there is low Bitcoin created... so it becomes more valuable. The next halving expected to have a similar effect and happen in April 2024.
Even it is hard to know for sure many people who invest in Bitcoin think that the price will go up much before the halving. This has happened in the past and some people think it will happen again. And Bitcoin will give a surprise to everyone who believe in Bitcoin.
So let's wait for the Halving and also for the ETF approval.

The question I think is, does it usually drop in price before the halving, some believe the assertion is true, that bitcoin usually drops in price, followed by a massive bull run right after the halving, while others also dispute this fact, saying it's not precise.

Yes the Bitcoin Spot ETF is undoubtedly one of the major factors that is influencing the market heavily right now, especially right now that the chances of approval is really high, investors are now very optimistic about the bitcoin market. Another reason could also be the upcoming bitcoin halving too.

Risky? Of course it's not risky, infact on the contrary, the main idea of bitcoin is to hold for a longer period of time, it's not like altcoins that you just buy and expect to make profit in short period of time.

I agree that prices today might be lower than what we have in the future so I think it is the best time to buy now and leave it for a while or long term. Some people speculate the peice of Bitcoin may reach $120,000 in the future so if you buy today you might reap good profit tomorrow.

Of course bitcoin price would only get better and better as the day goes by,  Bitcoin has exceeded the point of crashing so yes we all have that confidence in bitcoin that our funds and investment are safe there, so anytime is the best time, you don't need to wait for the deep before you buy, you can buy anytime