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Do you write down or engrave your recovery phrase?
Whenever you create a new Bitcoin only wallet, the app you use to create the wallet will give you a recovery phrase. A recovery phrase is a string of 12 or 24 words that you can use to install your wallet on another device or to reload your wallet to the device you’re using now in case there is a problem. It’s important to take good care of this phrase to make sure you can always get to your Bitcoin How do you take care of your recovery phrase? Do you write it down? Do you engrave it on a metal wallet? Do you use a metal wallet with tiles? Or do you use another way to keep it safe?
Do you write down or engrave your recovery phrase?
What would you tell a friend who is panicking and wants to sell their Bitcoin?
I think we've all felt worried at some point when Bitcoin has taken a big drop in price. Is it going to bounce back like it has in the past? Is Bitcoin still healthy? Is this really where I should keep my money for future financial freedom? I still feel worried when Bitcoin drops even though this is my fourth cycle. I mainly worry for people who I’ve gotten to buy Bitcoin. I want them to stick it out so that they get the great long term growth Bitcoin will give them. What would you tell a friend who is panicking and wants to sell their Bitcoin?
What would you tell a friend who is panicking and wants to sell their Bitcoin?
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What’s ONE thing you wish someone had told you earlier about Bitcoin or building wealth? Let’s drop gems for the next person who’s still figuring it out.⚡
Did you buy Bitcoin for the wrong reason?
When the price of Bitcoin drops hard and fast, like it has recently, there are always people who get burned. Some of these people bought Bitcoin because they were told or believed that the price would be going up fast and hard and they could make a quick profit This is too risky a reason to buy Bitcoin short term. Especially if you have to borrow to buy it This isn’t the only bad reason to buy Bitcoin. What is a bad reason that you, someone you know, or someone you heard about bought Bitcoin?
Did you buy Bitcoin for the wrong reason?
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Has anyone used this site to buy or sell BTC? This is truly P2P and no KYC.??
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