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Steve

@stevebeachy

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Just because you are using a hardware wallet, it doesn’t mean that your crypto is safe ! Here’s why : 1. Buying from 3rd party sellers. Never buy a cold wallet on Ebay, Amazon, or any online retailer ! It’s very easy to tamper with a hardware wallet, reseal it, and you won’t know the difference until it’s too late ! 🥹 Only buy direct from the hardware supplier. 2. Skipping authenticity checks. Ledger devices verify authenticity via Ledger Live. Other hardware wallets use firmware checks or some form of integrity check to ensure that the device has not been tampered with. 3. Writing your seed phrase on paper and calling it a day. Fire, water, and mold can destroy the paper , and you’ve lost your seed phrase. Never, email yourself your seed phrase or store it in the cloud ! 4. Skipping firmware updates. Most people set up their wallet once and never touch it again. That’s fine for a while, but firmware updates exist for a reason. Updates fix bugs, patch vulnerabilities, and add features.
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Great topic dear ! 😍 Bull Run Advice : 1. Have a well thought out plan before the bull run even starts. If you don’t, your decisions will be influenced by fear and greed. 2. Have realistic expectations for your price targets. Just like you would dollar cost average in, do the same to exit your position. 3. Don’t fall for the narrative that this is a super cycle , or this time is different ! As an asset matures it begins to lose its volatility, but until then, we have to assume that there will be peak euphoria, and the bear market will return. 4. Forget researching projects ! You should have done that before the bull run started. There is a quote “ A rising tide floats all boats “ and a bull market does the same. 5. Extremely important : Pay very close attention to narratives ! Every bull run has one or two hot narratives. Hot narratives will outperform technicals or fundamentals every time ! Mark my words on this one ! 😂 ☎️ Find a trustworthy mentor who can help you in your journey !
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Bitcoin could be just days away from forming a golden cross ! What is a golden cross, and what does it mean for the price of bitcoin ? 🤔 A golden cross is a bullish technical pattern where the 50-day Simple Moving Average (SMA) crosses above the 200-day SMA indicating that short term momentum is outweighing long term trends. Previous golden crosses in Bitcoin have been followed by substantial price increases. For example, a golden cross in October 2023 was followed by a 45% rally, while a similar pattern in September 2021 saw 50% gains. Although a golden cross is a bullish technical indicator, there is the possibility that it could be short lived, consolidate and trade sideways, or possibly continue on to make a new all time high. With an increasing M2 money supply and tensions cooling between the US and China, my guess is that bitcoin price will move higher and print a new all time high. What do you think bitcoins next move will be ?
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One of the questions that I always get from people in bitcoin conversation is “ Why does bitcoin have any underlying value if it is mined out of thin air ? “ Of course my gut reaction is to be a smart a** and say “ You must be talking about our fiat currency “ , but I understand that it is difficult for people to wrap their heads around ! 😅 The most simple explanation is that bitcoin is backed by energy ! Did you know that the average cost to mine one bitcoin as of May 2025 is $93, 568 per bitcoin ? Although at one time bitcoin could be mined on a laptop, now expensive ASIC miners are the standard, and electricity costs are even greater ! ⚡️ It’s estimated that all the miners combined consume about $43M worth of electricity per day, 365 days a year ! Bitcoin is also backed by the bitcoin network. Bitcoin operates on a global network of nodes. This means there’s no single point of failure, making it incredibly difficult for any event, to bring down the entire system.
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It’s a great topic ! 😁 This brings back a memory from the previous bull run of 2021. Todd is a coworker of mine. Todd does not hold bitcoin or any other cryptocurrencies, and has never really shown any interest in crypto, before or after 2021. During the peak of the 2021 bull run Todd suddenly took an interest in the price of bitcoin, because it was in the news every day. Every time that I would run into him, he would always make a remark about the price of bitcoin. With the correction and the return of the bear market in 2022, Todd has never mentioned bitcoin again ! 😂 Lesson learned : When your friends, family, and coworkers who typically show no interest in crypto, beginning talking about it every day, the odds are that you are approaching peak euphoria and a market top. If you are going to sell, this is the time ! 😅🫶
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