sold in panic with a double-digit loss.
Understanding Bitcoin is your best protection.
Confidence in the Bitcoin revolution is key.

πŸ‘΄: Thank you, son! Exactly what I needed to hear.

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πŸ’¬ TRANSCRIPTION

πŸ‘΄: Son, had a bad day today... I am still thinking about
the investment I made at all-time high lately.

πŸ‘¨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

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also known as the 25th word, as "cold storage".
The longer the passphrase, the colder the storage.

πŸ‘΄: The colder the better to preserve Bitcoin longer.

πŸ‘¨β€: Yes, this is exactly how it is, Dad.

2/

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πŸ’¬ TRANSCRIPTION

πŸ‘΄: Son, what is the difference between a hardware
wallet with or without additional passphrase.

πŸ‘¨β€: Hi Dad
I consider a hardware wallet without passphrase as
"cool storage" and one with additional passphrase,

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RT @teachin_bitcoin
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Subscribe to the weekly newsletter: teach-me-bitcoin-son.com/

Please share it with your dad, your friends and family.

Thank you.

not knowing what seed is for what.
Gap limit issues and/or too many tiny UTXOs.

πŸ‘΄: I thought the most common problem
is not having enough Bitcoin in it.

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πŸ’¬ TRANSCRIPTION

πŸ‘΄: Son, what are the most common errors
people make with their Bitcoin wallets?

πŸ‘¨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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Get Dad's learnings directly in your mailbox.

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Please share it with your dad, your friends and family.

Thank you.

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