if the price drops, i think its actually temporary due to some external factors, do go for it but look out for future market conditions and careful taking risks.

To be sincere bitcoin dropping to $500 would never be a temporary drop like we use to have when the market is taking corrections, bitcoin dropping to $500 simply means that there was a huge economical crisis that I don’t even think many investors will be able to get out of so accumulating at that point will only be for those that have big convictions on it.

Some telegram airdrops are more concerned about how much ton they can get from their community, than the project itself asking community to pay before claim is something else, after days of intense mining. What could be their reasons?

Most of these projects will tell you that they are actually doing that to reduce the Sybil which is a very big lie, majority of those projects that ask for Ton scam projects farming their users. If a project wants to eliminate or limit Sybil there are many tools to use to do that like using Proof of humanity, activeness of the connected wallet check and many more.

The only time a project should be asking for a coin is the gas fee for claiming which is not for the project but for the miners on the blockchain for gas fee.

Both are same to my knowledge.  One is the derivative of the other, so they are of the same importance.  The seedphrase is a user friendly format of the private keys. It will be difficult to write down and save long format of strings, numbers and alphabets, but with seedphrase everything is cool to handle.  The important of private keys come in during signatories.

In terms of difference yes both are the same and exactly as you have actually explained, but one key distinction that OP didn’t mention is; is the question about private key or master private key (Xpriv). The seed phrase in more important in terms of back than a private key be the seed phrase actually recovers all addresses and keys on that wallet while the private key which isn’t even user friendly recovers its one address on it. Only the master private key which encompasses every child key on that wallet can recover the entire address derived on the wallet.

The only place while a private key edges a seed phrase during recovery is when the wallet doesn’t supports such seed phrase as such it can be recovered by the private key

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The best and easiest way to buy crypto is the p2p method on exchanges, it's reliable and fast for most top exchanges and it's also safe. I believe it's the most common and we'll known method of purchasing crypto.
But now we see top exchanges like Binance, Kucoin restricting their p2p method for some reasons, making users to locate exchanges where p2p purchase method is working and also pushing other exchanges without p2p to start up such purchase method

I agree that using centralized exchanges to buy or sell bitcoin is the easiest way but not the best, the best to me would be a platform without actual asking for KYC but most of the exchanges today do ask for KYC which many people find not attractive. But in terms of ease the centralized exchanges are a place to go to, they have higher liquidity than decentralized exchanges and they are more user friendly than them also.

As for the restrictions on this exchanges it bows down to the individuals country. There are countries now that this exchanges have regularization problems with and they needed to restrict the countries citizens to avoid sanctions. Although you can still perform other actions there too.

^ I agree with your sentiment, my two friends frequently use binance p2p since long time and they have had good experience so far, no scam till date.

The thing is you hardly get scammed on centralized exchanges like this except you are naive yourself, once you don’t release your funds except you have confirmed payment then you’re good to go

There is no doubt that the months of August has proven to be the worst month so far from January 2024 till date,

No this is not the worst month this year even though the dump has been the dippest we have experienced but in terms of market open and close. This month opened at a $64k region and now it’s at $59k, although it dipped to $48k, which which is just a -6% dipped from the market open price and the market closed price. The worst month will be the month of April which had opened at $71k and close at $59k which is a -13% difference so it is clearly the worst month of the year. Even the month of June is almost same as that of August

Layer 2 solutions on Ethereum network have started facing network congestion that is why layer 3 solutions projects have now started coming up. I don't think in the coming years existing layer 2 projects will be able to handle the traffic. I am not interested in anyone of them currently.

I don’t think any of this Ethereum layer 2 networks have lived up to their hype, my biggest disappointment was on the Polygon network (Matic), it’s hype was supposed to take it way up than we have now but it’s scalability is still a big concern as it’s faces congested sometimes too. Interms of investing I will definitely not recommend Any as of now, if there is any on Ethereum it will be the base network. ZKsync had a very bad congestion and also its airdrop wasn’t pleasant so I don’t see many investors coming towards it right now. Moreover with Solana blockchain going high in terms of scalability I think Ethereum and it’s layer 2 network are going to face a very difficult competition

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