This is the exact reason why most services require a certain number of transaction confirmations(usually 3+ is enough, depending on the amount) before actually approving the payment.  It really doesn't take a lot of research to immediately learn that bitcoin transactions aren't instant.

A costly mistake, but hopefully you didn't lose much.

Yes. We had a significant price pump just a month ago. But does it automatically mean we're in a bull market already? Heck no. Even if the price increase was 3x the recent increase, we can simply immediately drop down harder after a few weeks/months.

If you really aren't stupid(lol), it's simply most likely because your friend is simply not explaining it well for a non-technical person. When explaining online, we frequently throw words like "decentralized", "peer-to-peer", "open source", and the like, not taking into consideration the person listening might not even know what these words exactly mean. Hence I frequently use the statement "transacting with bitcoin doesn't need a mediator company"; because based on experience, people tend to understand it better that way.

Nope. I don't think so. I think the merit requirements per rank is already is in their sort of "sweet spot" whereas it isn't excessively high, and at the same time, not too easy. Ignore those people who are complaining. They aren't receiving merits? Simple. It's highly likely simply because they don't deserve it. It's pretty much like janitors complaining why they aren't being promoted to a manager position in a company even if they know little to nothing.

Yes, 1000 is definitely A LOT of merits for a certain rank(legendary). But it isn't called "legendary" for no reason. It should be very hard to attain in the first place. It isn't even excessively difficult to attain to be honest, it's just going to take a while.

The colors works fine as a "dark mode", but I wouldn't say it's aesthetically pleasing.

If you have the time, I suggest try using these colors(could call it "dark mode", but not amoled mode):

 #0E1B2B
 #175591
 #2A3F5A

With white as the text color, and a light gray color for the link colors.

Because besides the technical specifications behind it, bitcoin is pretty much fundamentally different for each person. Bitcoin might be a currency for Bob in the Philippines, whereas bitcoin might be a store-of-value of Mike in Venezuela, or maybe both for some people on other countries.

I personally have this problem too. I have so much different definitions of bitcoin on my mind that I really don't know which one to say when someone asks me about it. LOL. Not to mention the number of different definitions increases more and more as I learn more about bitcoin. One thing's for sure though, I never describe bitcoin as an investment, as people shouldn't be doing in the first place.

Depends on how much BTC you're actually converting. As far as I know, Binance doesn't require KYC if the withdrawals wouldn't exceed 2 BTC per day. You could probably create an account using a proxy/vpn or create an account through tor, and just enter some fake names or something.

I don't know either. But I assume the reason why they trust USDT so much is that it ran fine for years, with a bit of price hiccups here and there. Not to mention that some people might actually think they're holding actual USD. Don't underestimate ignorance I guess. 🤷‍♂️

I think one of the reasons why people use stablecoins instead of exchanging to fiat on exchanges is that it's either:

• They don't trust their local currency
• They don't trust the exchange

And I really can't blame them to be honest; due to the lots of exchanges fiascos in the past. Though I'm really not sure if storing your money on stablecoins is any better. Personally though, I'd rather leave my money on DAI(a lesser known stablecoin); even though the price is fluctuating a lot between $.97-1.01. Which is a downside I'm willing to take compared to holding the more centralized stablecoins like USDT. I know a good number of people will disagree with me, but yea.

Most airdrops require KYC. You're pretty much exchanging your personal information for some lousy tokens that aren't even worth one whole dollar. Think about it. Is your personal information worth THAT low? Also taking note that probably even 90%+ of airdrops aren't even legitimate, but only exist to harvest emails and personal information.

Personally, I'd rather do stuff that won't only benefit me financially, but also in terms of knowledge.

It depends. There's this stablecoin, DAI, from the MakerDAO platform, that isn't backed by fiat, but is actually backed by ETH(and will have an option to be backed by BTC in the future). Tether(USDT) though? Well, that's another topic. We really don't know for sure if USDT is actually really backed by fiat in banks; which is very scary in my opinion, as they can definitely easily abuse their power.

1. What wallet are you using? Give us more information.
2. By showing us your recovery seed, you're pretty much giving us access to your wallet. Hope you realize that.

I suggest doing research on how bitcoin works in general first, before actually owning some bitcoin. https://coindesk.com/information

It sure gets unlikely by the minute, but another price crash at this price point is still far from impossible. Regardless if bitcoin's supply printing is going to be a lot less next year, it can still easily be outpowered by lots of executed sell offers. Low demand can easily beat low supply.

Might as well add pedophiles on the list. These stupid stereotypes 🤦‍♂️. For some reason people fail to realize that bitcoin and cryptocurrency holders/users/enthusiasts are such a huge demographic that I don't even know how you can generalize. Yes, I'm talking about you Jamie Dimon.

I'm not saying that the prices will still drop, as no one knows in the first place, but how did you even come to the conclusion that sub 3000 will never come? It's still definitely possible. Dropping down to below 3000 is just somewhere around a 50% drop from the current price($5,318.80 as we speak), which, if you've been in the cryptocurrency space for a while, you would know that 50%+ drops aren't even rare.

The markets will definitely decide which coins/tokens will remain valuable. But I disagree with the "The market will decide which coins have a use" part. I mean, TRX is in the #11 spot. 🤷‍♂️

I would also be fine if not a huge percentage of these coins/tokens are obvious scams.

I am for this and I definitely want to help fund this, but I really don't know about the "must" contribute part..

Having a high supply of silver and other metals and minerals doesn't make gold less scarce. Also, forks doesn't matter. They're a separate chain. I can also print my own paper money, say, let's call it LUL dollars. I'm pretty sure me printing my LUL dollars doesn't increase the supply of my country's local currency.

Sure. BCH is definitely one of the most successful among the other bitcoin forks. If BTC and BCH both have equal amounts of network effect and global adoption, then I'd probably consider that argument. But as of now? I really don't see it.

Having more unnecessary coins and tokens really doesn't help at all. In this case, "bigger" doesn't mean better.

This. To be completely honest even though I find it embarrassing as hell, I would've probably entered my bitcointalk username and password on the fake bitcointalk .to domain if I didn't have a password manager plugin on my browser. I immediately realized why there wasn't any login matches on the domain; and then I realized 5 seconds later..