sold in panic with a double-digit loss.
Understanding Bitcoin is your best protection.
Confidence in the Bitcoin revolution is key.
π΄: Thank you, son! Exactly what I needed to hear.
2/
π¬ TRANSCRIPTION
π΄: Son, had a bad day today... I am still thinking about
the investment I made at all-time high lately.
π¨β: Hi Dad
I'm sorry to hear that.
Here's the pep talk you might just need to hear:
Think of all those who did the same and
1/
Get a @COLDCARDwallet, the coolest #Bitcoin only hardware wallet, here:
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3/
also known as the 25th word, as "cold storage".
The longer the passphrase, the colder the storage.
π΄: The colder the better to preserve Bitcoin longer.
π¨β: Yes, this is exactly how it is, Dad.
2/
π¬ TRANSCRIPTION
π΄: Son, what is the difference between a hardware
wallet with or without additional passphrase.
π¨β: Hi Dad
I consider a hardware wallet without passphrase as
"cool storage" and one with additional passphrase,
1/
RT @teachin_bitcoin
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not knowing what seed is for what.
Gap limit issues and/or too many tiny UTXOs.
π΄: I thought the most common problem
is not having enough Bitcoin in it.
2/
π¬ TRANSCRIPTION
π΄: Son, what are the most common errors
people make with their Bitcoin wallets?
π¨β: Hi Dad
Not test their backups or have issues with the backup.
Forgetting the 25th word, the passphrase.
Have too many seed phrase backups and
1/
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Please share it with your dad, your friends and family.
Thank you.
Explaining Bitcoin with short dialogues.
Disclaimer: No financial advice. All content is for informational purposes only.