|
This is why wallets not only provide a Private Key to access the wallet but also in other ways. For example, MyEtherWallet has several ways to access like Mnemonic phrase, Private Key, or Keystore/JSON File aside from hardware wallets (ex: Ledger) and third parties like Metamask.
Mnemonic Phrase consists of 12 to 24 random words that are directly tied to one's private key. The Private Key consists of 64 random characters that are sensitive to upper and lower case or space like what you've mentioned. Meanwhile. Keystore/JSON File is a file that holds an encrypted version of one's private key downloaded at the beginning of wallet making.
|
|
|
|
|
Ohoho yes, this is absolutely important for us so we can communicate better and understand better the crypto world. The acronym and terms always developed just like the crypto itself. Nowadays, I just found an acronym "LFG" which means "Lambo For Group" or "Let's Fucking Go". It seems so flexible depend on the context. I think these terms could help the hype and make it more fun. Another term I found is Paper Hands and Diamond Hands, indicating them who easily sell and those who hold for life.
|
|
|
|
|
Based on the articles I've read before, actually, there is a cryptocurrency built before bitcoin called Hashcash. For further information, probably you can do your own research.
I would love to focus more on your question. So, why the cryptocurrency is not legalized?. I think some of the countries already legalize it. They embrace it with some rules. Meanwhile, some other countries ban it because according to their government, cryptocurrency is damaging, threatening their fiat, threatening the environment, against their countries' laws, and other negativities. Besides, it's decentralized. Probably those countries' thoughts cryptocurrency will be wild cause there's no institution's supervision behind it, such as money laundry, crimes payment, etc.
For me, it's best even some countries can't legalize it, at least they don't ban it and live along with it. Make some rules about it if needed.
|
|
|
|
|
Back in 2018, I invested in a new project called Rebellious that was so hyped and got an un-anonymous team. The team seems solid and passionate about the project. They reached their ATH, but as a newbie, at that time I think the price could be higher considering the good project and the team. I have confidence that it would blow up shortly. Apparently, in the middle of the way, they changed their direction and decided to be an exchanger. Me, as blindly as it is, still have a faith that it would have a happy ending and supported them all the way. Foolish me, it ended badly. They run of funds and decided to stop all of their activity. While me, I lost my assets. What a hard way to learn a lesson.
|
|
|
|
|
Oh wow, it's really a cruel and scary world. Thank you for sharing. However, if it's legit, I really want to know how the process of this crime, I mean technically. Criminals are getting smarter every day and we need to be a step ahead of them even though it's hard. I was always told to never spread my private key or phrase seeds to other people, but now people scamming by spreading the phrase seeds, This is insane, and now people got scammed by QR code. How we should handle these criminals?.
|
|
|
|
|
I think it's the beginning of the new ATH because I've seen Bitcoin is really struggling to penetrate the resistance. little dips after risen, but then go higher. Other signs also marked the bull run like the accumulation without significant selling and the less supply on the exchangers. I think bitcoin will reach the new ATH shortly, going stable, and then the Altcoin season will come. I'm excited to embrace this bull run. Keep positive that for Bitcoin, you won't lose anything if you're not selling. Just accumulate more when it's red and sell when it's green. When it's fall out a bull trap and bear season, just take a breath, leave it for months, and back again when the time comes.
|
|
|
|
|
Holding Bitcoin is rather safe than Altcoin for newbies might be accurate, however as a human we tend to find a way to seek for bigger profits. For newbies, don't forget to learn and do research before taking any decision. FYI, we can gain profits from both Bitcoin and Altcoin cause we can go ping pong from bitcoin to altcoin and vise versa. All we need to know is when the bitcoin domination happen and when is the Altcoin turn to the bull run. This info can be gained by years of observation (our own analysis) or analysis by experts. I believe bitcoin is a long-time asset so it doesn't matter when is your entry point, it's gonna be profitable in the future.
|
|
|
|
|
One of the most important lessons in the crypto world is to save your funds in a non-custodial wallet, keep the private key, and don't let others know. This is an absolute way to keep your funds safe. I learn this back in 2017 when I first time enters the crypto world. It happened with Bitgrail, an exchanger that supports Raiblocks (NANO) from the beginning. I don't know whether it's really a hack or exchanger's trial to scam cause it happened when Raiblocks was at its peak. It was a big scandal back then. However, since then I never keep big funds on exchangers, only my assets that were ready to trade at that time.
|
|
|
|
|
Show Posts
