Most people lose in the third stage because they haven't made a lot of money in this stage, and after 50, it's quite difficult to make money. The entrepreneurial phase has extremely high risks, and finding a high-paying job is almost impossible. In fact, the optimal solution is to set aside a portion of your salary every month for dollar-cost averaging into Bitcoin, regardless of the price. By the time you turn 50, I believe you can hold the Bitcoin you've saved and keep it in DeFi to only take profits, allowing you to live very steadily. $BTC
In 2024, BTC continues to rank first in global asset returns with 135%. Based on historical data, BTC usually rises for three consecutive years before entering a bear market with a deep correction. In 2023 and 2024, BTC has risen over 100%. From a perspective of seeking the sword by carving a boat, will it continue to rise in 2025 and enter a bear market with a deep correction in 2026? What do you think? $BTC
Is it safer to keep coins on an exchange or in a wallet? The question of whether it's safer to keep coins on an exchange or in a wallet has always been a topic of great concern. From the exchange's perspective, keeping coins on an exchange is like depositing money in a bank. In the exchange's wallet, transactions are convenient and quick, allowing for buying and selling at any time. However, exchanges come with various risks. Taking FTX as an example, once an exchange goes bankrupt, coins may face loss. Exchanges may not be able to guarantee the safety of user assets due to issues such as poor internal management, technical vulnerabilities, or broken capital chains. Now looking at wallets, whether cold or hot, assets are stored on the blockchain network. Through mnemonic phrases, users can control their virtual currency. In this way, users have more direct control over their coins, avoiding the risks that exchanges may bring. But wallets are not foolproof either. Poor password management and cybersecurity threats can also lead to wallet theft. So is it safer to keep coins on an exchange or in a wallet? This requires a comprehensive consideration of various factors. The advantage of exchanges lies in their convenience and strong market liquidity; while wallets focus more on user autonomy and security.
For ordinary users, choosing between an exchange and a wallet requires caution. If choosing an exchange, one should select a reputable and reliable exchange, such as Binance, and keep an eye on its updates. If choosing a wallet, one should enhance password management and ensure the security of mnemonic phrases. It is still advisable to choose exchanges, as major exchanges are now regulated, and even in the event of a crisis, compensation will be provided; avoid choosing unregulated exchanges.
A map to understand the status ranking of cryptocurrencies Bitcoin (BTC): The 'king' of the entire cryptocurrency market, possessing primacy and dominance. Ethereum (ETH): Ranks second only to Bitcoin, known as the world computer. Cardano (ADA): Created by a co-founder of Ethereum, but its market value and application ecosystem have yet to reach the heights of Ethereum. Dogecoin (DOGE): Originally a joke, but with endorsements from celebrities like Musk, it has become a 'meme coin' in the market. XRP (Ripple): A cryptocurrency focused on cross-border payments, with a highly fluctuating market position. BNB (Binance Coin): The native token issued by the Binance exchange, possessing ecological advantages in the exchange. Shiba Inu: A 'meme coin' that rose by mimicking Dogecoin. Dash: A cryptocurrency characterized by privacy and fast payments, but has seen a decline in popularity in recent years, with its market position overtaken by emerging coins.