BC CRYPTO
Saved by @CodyyyGardner

I've received many questions lately, but by far the most common question is “What's the best way to secure #Bittcoin?”

🧵So here’s a thread with my opinion on securing #Bitcoin

 The first thing to understand is that there’s no "best way", but always a tradeoff.

You can always find ways to make it harder for someone to get your #Bitcoin, but if you over-complicate it, you could end up making it even too hard for yourself - many lost their funds this way.
Your goal should be to balance usability and security the way which works best for you.

This means very different things for different people, depending on your technical experience, understanding of Bitcoin, how much you are holding, etc.
For some, that means leaving Bitcoin on an exchange.

I strongly recommend at least learn to hold your own keys before buying, but if you can’t wait, it’s better to leave it there than holding yourself if that’d make you feel like you have no clue what’s going on.
If you feel ready to take self-custody, you could start with a hot wallet on mobile or desktop. That’s a good step forward, as it means you’re holding your own keys. But this introduces some more new concepts you should get familiar with.
So before doing that, make sure first that you know the basics: how to send and receive, test out with small amounts, try deleting everything and restoring from backup, then continue with real funds, just go at your own pace and don’t rush with what you don’t understand.
Next option is using hardware wallets. This should still be manageable for most “normal” people, without great effort, but again introduces more complexity.

You should make sure to never enter your backup words on a computer, learn to verify addresses on the device, and so on.
If you got that and feel ready to go further to upgrade your security, the next step is learning to use your own node.

Using your own node is an important improvement in terms of security and privacy, as you cease to rely on 3rd parties for interacting with the Bitcoin network.
Without using your own node, you're relying on someone else to interact with the network.

That someone could:

- Know which txs you're interested in - privacy issue
- Provide false information - security issue
- Go/ get shut down - resilience issue

Using your own node fix this
If you have reached this far - using a hardware wallet with your own node, you already made enormous progress. By this point, you should already have some understanding of what’s an xpub, how to verify an address, and why those things are important.
The next step is exploring the different types of hardware devices.

Here again, there are many options and a lot to learn, like supply chain attacks, retirement attacks, and other security concerns. You might come up with different answers for your specific needs.
You should pay extra attention to the trust issue of using just a single option, especially in the case of consumer hardware wallets.

You can consider using an airgapped laptop or an old phone to mitigate that, but there are pros and cons for any choice.
That’s why the final step I could recommend to explore here is using a multisig wallet.

Multisig lets you mix different devices to reduce trust in each one of them, and in case one is compromised - you are still in control of your funds.
There are more options along this scale with different tradeoffs, you could use a hardware wallet with a passphrase, you could do a guided multisig setup with some service provider, and many other options.
My suggestion is to find your personal point where you feel the balance between usability and security matches your needs best.
I just outlined the order I would sort by the most common approaches from the most user-friendly to the most security-minded, now it's on you to choose.
So take your time to learn, read, test, and understand the tradeoff and pitfalls. Ask questions, make sure you know what you’re doing, play with small amounts, then upgrade, just go at your own pace and continuously improve your security.
And just to clarify, I'm not a security expert, just a pleb sharing some experience.

Most cases I've seen of losing funds were because holders didn't care to understand what they use or backup properly, so that's why I warn mostly on that, but DYOR.

Stay safe, stack sats.

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Vitor Const\xe2ncio
Vitor Constâncio
@VMRConstancio
Tesla just announced that it had bought 1.5 billion dollars of bitcoin and could in the future sell cars in bitcoins. Since this morning both Bitcoin and Tesla are going up in the market. Maybe there is afterall something in the saying that“Bitcoin is Tesla without the cars”1/ 20

Musk is seen as a genius, a true Midas, by many investors and millennials. For them he can never go wrong. He became recently the richest man in the world dur to Tesla stock valuation (+353% yoy). He moves markets and today´s announcement is “kind of legitimise “ bitcoin 2/

Tesla shares attained $870 which represents a Price/ Earnings ratio of 1.747 (!) on the basis of last year´s profits. Apple is at 37 and the S&P firms average is 23 (against a historical average ≈16). Future profits would have to increase a lot to justify a more normal ratio 3/


Tesla has a good product but the question is if it will sell enough cars to get such profits in face of coming fierce competition. However, this is not the question I want to comment upon. It is also not about what may interest the SEC and market conduct…4/

It was not disclosed when Tesla had made this investment. In December, Musk said that Tesla could buy bitcoin, and this was followed by many statements that he supported bitcoin. Bitcoin kept going up & Tesla investment has appreciated. The SEC will look into this 5/
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Altcoin Sherpa
Altcoin Sherpa
@AltcoinSherpa
Big #Altcoin thread for $ALTS: Where are we at in the cycle, how long do we have, is this #ALTSEASON, what are the relationships like, all of that. $BTC #Bitcoin $ETH $LINK #Altcoins


First: What is #Altseason? The true altszn was seen in 2017/2018, where $BTC fell off a cliff and $ALTS were the 'safe haven' from btc dumping. ALTS went literally 1000%+ (many much higher). Since that time we have seen many #Altcoin pumps, starting primarily in late Q4 each year

These Altcoin pumps are usually 20-1000% gains on nearly the ENTIRE #Altcoin market. This is awesome to see and genius season- you can't lose. Dips are bought up quickly and both ALT/USD and ALT/BTC pairs pump HUGE. Are we currently in that environment? I'm not quite sure tbh.

I think that $BTC still has a little more gas in the tank, which would result in ALT/BTC pairs suffering IMO. You can see more of my thoughts on #Bitcoin below, but I think that we could see 1 more shakeout + then we could see a big run starting in December 2020 for $ALTS

As an #Altcoin trader, you need to understand several things for the environment in which to trade $ALTS successfully:
- $BTC PA
- $BTC.D
-Seasonality
- $ETH
- and much more
CRYPTO
Advertisement
\U0001f42e Mikko Ohtamaa
🐮 Mikko Ohtamaa...
@moo9000
1/ Welcome to #DeFi Wednesday.

Let's talk about how interest-bearing cash on a blockchain is going to revolutionise boring corporate treasury management that concerns every company is is a larger business than all crypto trading in the world.

Enter the thread

👇👇👇


2/ Blockchain community is often seen as toxic maxis and redditors who shill other their weekly favourite shitcoin in the hope of getting Lambo.

Sometimes we also do things that progress humanity towards the better future and interest-bearing cash is one of those things.


3/ Less chad and more things that actually matter:

My incomplete theory of interest-bearing cash is also available also as a blog post:

https://t.co/uiG0fZiVyu

It is 15 pages. Pick your slow poison or die fast by continue reading here.

4/ First time in the history we have an ability to create interest-bearing cash-like instruments.

Interest-bearing cash ticks up dollar (euro) balance real-time in your wallet.

Here is a demonstration using @aaveaave aDAI, based on @makerdao DAI, and @TrustWalletApp


5/ Interest-bearing cash is not like your bank's saving account. Your money in a bank is not yours, but bank's. There are some flaws in the current banking system causing a headache for Chief Financial Officers (CFOs)
CRYPTO
Vagobond
Vagobond
@vagobond
This might take a few tweets to get out.
1/ The ICO boom in 2017 and the altszn in early 2018 were unique in that crypto was a largely unregulated space where countless fools were getting lucky on the bad luck of greater fools. This was largely fueled by Ethereum and the ability

2/ to create tokens and contracts from thin air but it got thrust from the post halving BTC bull market and the unique phenomenon of 'crypto kitties' which were both like booster rockets and drew huge media attention to the entire crypto space

3/ Crypto wasn't new in 2017-18 but it was new to most of the people who were seeing it on the evening news, CNBC, etc. Seeing construction workers buying new trucks with crypto riches and idiotic crypto-rich in lambos and moving to Puerto Rico -

4/ - these images captivated lots of people and inspired the idea of 'I missed out before, I don't want to miss out this time' in relation to stocks, internet, tech, real estate, and more. The important ingredient was 'If those people can do it, I can do it'

5/ The inclusion of a character like John McAfee and the entire ICO industry created a greedy free for all where for every good project there were fifty worthless ones - but sometimes, a diamond emerged from the shit
CRYPTO
Jonty Wareing
Jonty Wareing
@jonty
Out of curiosity I dug into how NFT's actually reference the media you're "buying" and my eyebrows are now orbiting the moon

Short version:

The NFT token you bought either points to a URL on the internet, or an IPFS hash. In most circumstances it references an IPFS gateway on the internet run by the startup you bought the NFT from.

Oh, and that URL is not the media. That URL is a JSON metadata file

Here's an example. This artwork is by Beeple and sold via Nifty:

https://t.co/TlJKH8kAew

The NFT token is for this JSON file hosted directly on Nifty's servers:

https://t.co/GQUaCnObvX


THAT file refers to the actual media you just "bought". Which in this case is hosted via a @cloudinary CDN, served by Nifty's servers again.

So if Nifty goes bust, your token is now worthless. It refers to nothing. This can't be changed.

"But you said some use IPFS!"

Let's look at the $65m Beeple, sold by Christies. Fancy.

https://t.co/1G9nCAdetk

That NFT token refers directly to an IPFS hash (https://t.co/QUdtdgtssH). We can take that IPFS hash and fetch the JSON metadata using a public gateway:

https://t.co/CoML7psBhF
CRYPTO

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[1]

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ArmaniTalks \U0001f399\U0001f525
ArmaniTalks 🎙🔥...
@ArmaniTalks
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Too many patterns leads to a boring, predictable, logical lifestyle.

Get the emotions involved.

Do something spontaneous out of the blue moon & flip the script.

'What's wrong with the patterns?'

Nothing is wrong with patterns.

However, there is a problem when all you have are patterns.

It's boring.

'Can you explain why?'

Sure 👇

The thing with relationships is that it's meant to be an emotional experience.

It's very difficult to logically explain love, right?

'Right.'

Well this is where you want to steer the ship the right way.

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Normal.

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Avoid.
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(System trading on Expiry)

Triple straddle is one of the best and accurate methods for expiry day

If nifty trading at 15720 then will sell three straddles above 50 points from ATM, below 50 points and ATM.

Ex.
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Stoploss of 80% on every leg and run your trade till 3 PM

Once SL hit in any Leg just keep holding other leg till expiry with SL (Never or less chance to hit both SL on expiry day)

Trading timing at 9:20 the Morning
ALL , STRADDLE BACKTEST , STRADDLE


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