Major shift in East Africa: Yesterday, the National Bank of Ethiopia (NBE) officially prohibited all Birr-paired P2P crypto transactions. While the goal is to stop fraud, 120M+ people just lost their primary bridge to the digital economy. Thread 🧵 (1/8)

Watching $BTC closely here 📉 Current price= $66k hoping Bitcoin holds the $59k–$72k range and pushes above $79k. 🚀 ​However, if this support fails, in my view, we could be looking at a deep dive toward $27k or even $20k as the ultimate bottom Bulls need to step up now! NFA

Cold Storage vs. Software Wallets: A Balanced Perspective 『』 Satoshi Nakamoto, the creator of Bitcoin, used a software wallet. His holdings have remained secure and unmoved, demonstrating the effectiveness of careful key management. _____________________ The debate between cold storage and software wallets often centers on security and convenience. Here's a clear perspective to help settle the argument: ❙ ❚ Cold Storage: Definition: Cold storage refers to keeping private keys offline, away from internet access, to protect against online threats. Examples: Hardware wallets, paper wallets... Pros : Maximum security, immune to online hacks. Cons : Less convenient for frequent transactions, requires physical security measures. ❙ ❚ Software Wallets: Definition: Software wallets are applications that store private keys on a device connected to the internet. Examples: Mobile wallets, desktop wallets. Pros: Convenient for everyday use, easy to access and manage. Cons: Vulnerable to malware and hacking if the device is compromised. ❙ ❚ Hybrid Approach: Backup and Delete : By backing up your software wallet's private keys and deleting the wallet from your device, you can achieve a form of cold storage. This method keeps your keys offline until you need to import them for withdrawal. so you keep stacking / sending your Coins or Tokens to that Specific wallet address you copied from before Deleting it. this way you track your wallet activity onchain Explorers or Read-only wallet tracker. Historical Example: Satoshi Nakamoto, the creator of Bitcoin, used a software wallet. His holdings have remained secure and unmoved, demonstrating the effectiveness of careful key management. Conclusion: Both cold storage and software wallets have their place in the cryptocurrency ecosystem. For long-term storage and large amounts, cold storage is ideal. For daily transactions and ease of access, software wallets are more practical. Combining both methods can provide a balanced approach to security and convenience. ● Which wallet Type do you use ? ● Which do you prefer ? _________________ #Bitcoin #Crypto #Security #Coldstorage #Softwarewallets ↗️ Share , Like 👍 , Repost 🔄 Comment 💬