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BRH LVL 5.2 - How to Buy Bitcoin ?
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Good luck !
If you plan on buying Bitcoin, what are some requirement you need ?
An incentive from friends and family to buy some.
A properly set up wallet where you own the private key.
An investment plan and strategy
The price must be going up. Never buy when price goes down, this is a rule of thumb of investing.
A good idea of what bitcoin is
You've decided to buy Bitcoin via an official exchange, what will be mandatory ?
A password manager
using 2FA
A bitcoin address
your ID
What are the reasons behind a mandatory KYC ?
Fight efficiently hackers
Control money laundering
Improved the existing global financial surveillance system.
Fight against terrorism
Control tax evasion
If using a regulated exchange, what are the criteria you should be looking for ?
What do local bitcoin and HoldHold have in common ?
They are Peer to peer exchanges
They offer many altcoin
They are international.
They required KYC.
Is it possible to buy Bitcoin without knowing the price ?
Yes
No
Why it is non-sense to believe you need to become a trader if you start investing in Bitcoin ? ( Opinion question)
Why some exchanges can be safely compared to casinos ?
There are regulated with the same rules as the traditional casino.
They sensitize you to come back and invest in new projects.
They are making money over your fee, and therefore guarantee to win.
They offer lots of options to trade and become an active gambler.
Which exchange only offers a buy option but not a sell option ?
Swan Bitcoin
Gemini
Binance
Kraken
Cash app
If you need to pick a exchange. What feature is really good to have?
Dollars coast average options
complex trading options
Automatique withdraw
Multiple coins and listed new projects often
mandatory 2FA
Why is withdrawing your BTC to your wallet the MOST important?
It allows you to gain sovereignty over your Bitcoin.
Some regulated exchanges can be trusted and withdraw become optional.
It can create a long-term systemic risk for bitcoin.
Your fund are at risk of hacker.
You only need to withdraw if the exchanges isn't regulated by government.
How many exchanges have been hacked, destroyed, exit scammed and seized by government in the past ?
None
Too many
How long should you money dollars or bitcoin stayed on an exchange ?
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