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0 sats \ 6 replies \ @bitalion 13 Sep \ on: Would a triple maxi scenario scare you a little bit? bitcoin
The same would happen if you have a lot of fiat money, there are associated risks. It must be clear that bitcoin is not anonymous, it is pseudonymous, so if they manage to associate an address with your identity, they would know about your assets. In the time I have been in bitcoin, I have learned that privacy is something we must protect if we want to go unnoticed, it does not matter if bitcoin goes to the moon, if you keep a low profile and take the appropriate measures to back up your bitcoin you will not have a problem. Be careful if you do KYC or use custodial services, you are at risk.
I'd say that 95% of (US) bitcoiners mostly use KYC exchanges. Probably more, but I'd feel pretty comfortable saying at least 95%.
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i feel like for me the next step is mastering non kyc bitcoin, all this time i have been full kyc because it's quick and easy and i didn't really know any better
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Try out Robosats. Watch some videos, start with small amounts, expect some glitches and a little bit of confusion. Perserere. Ask questions (even "dumb beginner" questions) on the telegram channel for Robosats (https://t.me/robosats). People are helpful.
You'll get there.
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Also I think if you posted questions here on stacker.news, you'd get good answers.
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that's exactly what i will be doing, always something new to learn in btc
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