Advanced Self-Custody Practices
Ensure seed phrases are never digitized or photographed. Test recovery processes thoroughly. Consider UTXO management for privacy. Explore integrating hardware wallets like Jade or Coldcard with node software (Bitcoin Core, Sparrow) and utilizing watch-only wallets for monitoring. Evaluate Coldcard's CCC co-sign feature for enhanced security.
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Acquiring Non-KYC Bitcoin
Explore peer-to-peer exchanges like Bisq, RoboSats, and Hodl Hodl for non-KYC acquisition. For CoinJoining KYC coins, consider alternatives like JAM or manually configuring Wasabi with community coordinators, as some automated services face restrictions. Evaluate coordinator fees and decentralization levels.
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Bitcoin Network Security Considerations
Bitcoin's difficulty adjusts every 2016 blocks based on block time, ensuring network resilience even with significant hashrate fluctuations. Debate continues regarding the long-term security budget as block subsidies decrease; reliance on transaction fees versus rising network value and total hashrate remains a key discussion point.
Trading Strategy & Exchange Risk Analysis
Current market analysis suggests potential sideways movement. Traders discuss the practical viability of Smart Money Concepts (SMC) like CHOCH and FVG, often finding real-world application challenging. Note specific opportunities like high negative funding rates (e.g., VOXEL). Be aware of potential exchange-specific risks, such as mark price deviations impacting liquidations.
Bitcoin as a Macro Asset
Comparative analysis shows Bitcoin outperforming traditional assets like the S&P 500 and NASDAQ over longer timeframes. Concerns over fiat debasement (e.g., US debt) drive adoption. Regulatory bodies like BIS analyze DeFi risks, proposing embedded rules in smart contracts and stablecoin oversight for financial stability.
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