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Its unfortunate that we repeat the same mistakes over and over again which leads to loss making, we cant do much about your loss but if it was your fault then don't cry, the amount lost is way too high to be lost out of carelessness. we must continue to take precautions when dealing with BTC, the coin is way too valuable
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Bitcoin doesn't necessarily pose a threat to Banks, Its just a competition that has come with new and effective ways in the finance industry with an effort to make improvements on the incompetent banking systems. The fact that is independent and free of regulation makes it even worse for the banks as the money involved is tax free, a factor that proves to be attractive to most people. Bitcoin is a revolution in the making that will bring about lots of changes, the banking industry is under threat, but might not be faced out
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Crypto unfortunately is not a get rich quick scheme. It takes a lot of patience and hard work to make something out of the cryptos if you are looking to get rich fast then crypto is not the right place for you. You can however make it high by trading good coins, buying them cheaply then waiting long enough for them to add value
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There are a number of bounty programs out there, some legitimate some not, some good and some not as good. one as to be very careful and cautious when approaching bounties. One of the indicators to a good bounty is the bounty manager, find a good and reputable bounty manager and you find a good bounty. There is a high likelihood that a reputable manager will always have good projects going on. Also look at the product the coin is offering the market. if it adds value to the market then its bounty is worth hunting.
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The Biggest distributors in the crypto industry is fake news, its unfortunate how fast they spread and the number of people that are ready to adapt them. There are currently a number of unauthenticated news making rounds with poisonous claims that may have negative effects on the crypto market.The rate at which these news spread is also very alarming as false news are easily adapted and spread across platforms. If only we could validated the source news before spreading them, it would be better for everyone.
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if you forget your wallet Password then there is basically nothing that can be one to help you out. The security of your wallet is entirely your responsibility and so s taking care of your private information. The passwords is a private information that only you should know about, lose it and you are as good as locked out of your own wallet, you cant access it and there is nothing you can do about it as the wallet providers too do not have a system in price to recover lost Passwords.
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Of course Bitcoin is a good investment, Its the best and the most valuable coin in the crypto industry today, We have seen the strengths it has and its ability to recover from dips, its yet to fully recover but there are good signs that BTC will get there soon.,an investment in BTC is almost a guarantee that there will be returns
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forget the bitcoin wallet code and you are in trouble, that's just it,one thing BTC wallets don't do is to keep back up for your wallets that can help you recover it, lose your pass code and all that you have worked for will remained an untouched relic and there is nothing that can be done about it, that's why its advisable to have a paper wallet,or simply write the password where only you can access it,it always come in handy
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Planning for the future of your kids is the most satisfying thing you can ever do, seeing them not struggle is the best thing ever. and Bitcoin gives you a chance to secure their future.BTC will be around for long so if you start investing and saving some for them then they stand to have a bright future a head
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This will be highly dependent on your investment plans.If you are a trader then investing in short term projects will work for you any day as you ill buy for the purpose or reselling. short term deals will earn you profits but the returns may not be as good as those of Long term investment. With long term the coins have the chance to gain value over time, its takes a considerable amount of time for the coins to properly grow.id settle foe long term as the coins tend to develop gradually over a period of time, attracting more value.
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Ethereum is a good coin that is still on the development path and yet to fulfill its potential. we all know that it has a chance to grow massively, its however almost impossible to predict the future prices of any crypro let alone Tell the prices of Ethereum in the next few years, we can only hope that here will be a considerable growth overtime.
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I just passing by in the Bounties(Altcoins) section to find some good project and participate to one of their campaign and there's one campaign I've visited and asking for KYC in order to receive the bounty reward.
Actually I've seen someone asking in the meta section about the this but I forgot where was it.
Well I will just going to give my opinions about here in the altcoins section because I know most of the participants of the bounty programs are posting here.
KYC (Know Your Customer)
A KYC (Know Your Customer) is used to ensure that the people who're going to invest to a project are qualified for example they have a record about criminality, immigrants, etc. This was used to review the investor and make sure they're credibility and also KYC is used to fight money laundering.
Now let's go back to the topic. I've seen some bounty programs that's asking for KYC documents in order to receive bounty I don't think it's necessary to ask KYC Documents from the bounty participants because:
1. They don't Invest in the project.
2. There's no need to ask for the credibility of the user for promoting their project.
However I've seen some people are still participating in the bounty program, I just want to know you the risk you're about to face when you submit a KYC document to a untrusted project/program:
• They may use your details to fraud.
• You may be accused for something that you didn't do.
• Etc.
Well all in the KYC documents are your personal information and It can be used to different illegal things. But after all it's the decision of the participant if he/she's going to submit KYC or not. I just want to be aware guys that you should be responsible for choosing what program/project you're going to join.
PS. I didn't say that the bounty project that's asking for KYC is scam or any fraud related, I suggest to study the project itself first as well as the team behind that.... and the reason why they need your KYC document for participating in their bounty program.
as much as your concerns are legitimate, especially the fact that untrusted program can use your details to participate in fraud. KYC is very unnecessary for bounty hunting, but again i don't see anything wrong with Filling and submitting these forms if you are a legitimate bounty hunter with nothng to hide of fear. |
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Its a fact that Bitcoin is a good investment opportunity with a big chance of attracting High returns, investing in i not only gives you a chance to make good money but also be a part of the future. Bitcoin is a good coin with will develop into a giant in fin tech and if accepted and embraced will even challenge Fiat as a medium of exchange.
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Yes it is, there is no risks involved in participating in ICOs, just that they can be disappointing at times. not all ICOs will succeed, some will fail for various reasons such as inadequate funding, will others fail due to poor quality of the projects they present in the market, others fail as a result of poor management. others are just scams, its therefore upon you as the participant to look into the ICO project, gather all the necessary information and decide on whether its worth taking part in.
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Governments hold the fate of Bitcoins in their hands, They can make policies that can either destroy Bitcoin or make it better and prosper, if the governments prohibit the use of BTC world wide, it will lose relevance and hence fade off and die, If the governments legalize it then that will be its key to success. The future if BTC depends on the government policies
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For their own reasons, there are a number of countries which have banned the usage of BTC within their borders. some sight the threat to national economy while others say Bitcoin fuels crime withing their borders, i believe these are just excuses made to curtail the growth of BTC. Bitcoin has since performed well in the market even with these bans
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It takes a lot to earn merits in this forum , fewer people are willing to award merits as most of the times most people just post things that are not of help to the forum users or those who seek information, for one to earn merits, they have to post something that will be of positive impact to the forum users or improve the forum, bounties on the other hand are marketing strategies used by ICOs to create awareness on their projects, thy may take as long as the organizers decide, if you happen to give up before completion then there will be no reward for you.
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YES i use MEW AND HAVE USED it for a very long period of time without any regrets. The transaction speed s fast enough and the coins reflect on the account over a short period of time. its also safe, just needs the user to be cautious and observant of the security measures
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These are all good ventures coz at least they have something on offer, for Airdrops, my main worry is how good the free tokens are, anything free will automatically attract less value. Bounty campaigns are good, the token pay is awesome too, just be careful of the scam campaigns, investment is by far the best option as you get to chose where to put your money
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Scammer are the worst internet entrepreneurs night mare, the fact that you can lose all your hard work in a matter of seconds is frightening enough, the best way of avoiding their keen eyes is through encryption, encrypt your wallets the best way you possibly can, and if possible, use hardware wallets. they will protect you to the fullest.
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