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1261  Bitcoin / Legal / Re: Can unnecessary taxation be avoided when withdrawing crypto profits? on: November 23, 2023, 09:40:38 PM
Is there any way to preserve profits without withdrawing to any bank?
In as much as I do not support shitcoins or other cryptocurrencies I will still make a suggestion that can help you in this kind of situation.

Your idea of using your wife's identity from another country might also be good for you if only it will work but if it may not be successful you can consider diversifying your bitcoin instead of losing when the price is bearish, can withdraw you profits into stable coins like usdt or any other coin that is attached to the price of a currency. This method you can be quite safe from government taxation for the time being.
1262  Bitcoin / Bitcoin Discussion / Re: Bitcoin Earnings on: November 23, 2023, 09:17:30 PM
Now may not be the days that you can earn bitcoins by completing small tasks. In the beginning it was possible to earn bitcoins. Now if you want to earn bitcoins you need to develop your skills and then work on various projects or investments in different ways.
For anyone to really earn bitcoin presently then he/she must have a job that pays him/ her monthly or weekly or s/he can be an entrepreneur or something but at least he or she must have a means of earnings, if anyone considers Bitcoin to be a means of earnings then he or she is making a mistake that can cost alot of damages in his/her financial careers, considering Bitcoin as a means of earnings as the OP wishes is more like gambling which equally means trading. And trading is a very risky and never advisable to any newbie or intermediate because it is either you loss or you win.
The concept of Bitcoin is not a get rich quick scheme so anyone venturing into Bitcoin must be patient enough to buy and hodl for a long time. That is why you must have something that at least can fit your bills for you to stay in Bitcoin, hence while earning one can accumulate true different methods like Dollar cost averaging (DCA) etc.
1263  Bitcoin / Bitcoin Discussion / Re: Bitcoin Logo .... a hologram made with Blender on: November 23, 2023, 09:43:47 AM
Nice work!
But the first circle that introduced  the bitcoin logo need a remesh or node is not too sharp to look real.

Once again nice work fam
I'm still learning too
1264  Other / Meta / Re: News board on: November 23, 2023, 02:41:01 AM
I see many threads in Bitcoin discussion board are mega spam threads and people keep writing there without any new information, constructive ideas for the thread. They join those threads to spam and get posts for their campaigns.
I have been complaining about this too but it seems to be normal for most of them so I just ignored most of those post.
They don't really care about the forum but care only about their campaigns and post count, whereas contributing to this spams.
It's so unfortunate that people that feel like senior colleagues are not mature enough to speak up for what they claim to be.

Should have just added this to the above comment but noticed it late while I already hit the post button  Sad
1265  Other / Meta / Re: News board on: November 23, 2023, 02:32:21 AM
A news subboard would increase the rate at which more news updates on Bitcoin are shared in the forum. it would also organize the  forum better.
What do you think?
I understand you're trying to make a useful impact but this forum have lasted for a decade and more and updates and/or news have been taking place if it was so important for news of such as mentioned above to have a sub-board it would have been done, because it's not too relevant or it has been covered by offtopics and other board that is why it has not been included as a sub-board of it's own.
1266  Economy / Economics / Re: No Correlation Between Academic Success and Financial Success on: November 22, 2023, 12:02:39 PM
I agree with you not totally but partially that one most not be an A student to be great and/or successful. Almost all the successful people or people who made and/or are making impact in human life today or those who invented most of the things that are helping human life today where not the best in class but they knew they can do something better that been the best in theorizing rather they became more practicalistic in everything. E.g Mark Zuckerberg, Bills Gate, Steve jobs etc we all know there story and they had one thing in common they were all drop outs in their various universities. So it's doesn't matter your degree in school or how well you did in class but it's about what you can do.
1267  Bitcoin / Bitcoin Discussion / Re: Largest crypto exchange CEO arrested! Anyone getting deja vu? on: November 21, 2023, 11:30:23 PM
I'm still in shock that he accepted such crime but my concern is what will be the effects of this resignation on Bitcoin and the crypto space at large.

I'm even afraid that there could be some hackers in this exchange from now cause CZ really tries to keep people's assets very safe.
1268  Economy / Speculation / Re: Buy the DIP, and HODL! on: November 21, 2023, 09:22:35 PM
~Snip~
Actually in as much as I will agree with you on the importance of learning but I will also have to disagree with you on the aspect you mentioned that investment on Bitcoin requires a lot of learning, on the contrary the little I understand from Bitcoin investment is that we don't need too much learning about Bitcoin before we could start investment but however is mostly required to have a basic knowledge about Bitcoin investment after then you can start investing.

Because if serious learning was much involved most beginners would have find it difficult to invest, don't get me wrong because I'm not disputing the fact that learning is not important but the point I'm only trying to state is that Bitcoin doesn't involve much of learning, all you only need is just the basic then you are good to start.
I agree with you that Bitcoin does not require much learning before one can start a Bitcoin investment. Once newbies have the basic knowledge of Bitcoin and also understand that Bitcoin is not a get-rich-quickly scheme, that it is a long-term hold for like 4-5 years before the real profit will come. I think when newbies know these basic things about Bitcoin, whenever they are ready to invest in Bitcoin they will use the money they will not need soon to invest in Bitcoin with the DCA strategy because they know Bitcoin is a long-term hodl. They can continue to learn about Bitcoin after they have made their investment in Bitcoin.
It doesn't require much of learning as you said but the little learning as framed by you is quite deeper and wider that it seems. lol, you will only understand when you are already investing. The sentence/or statement that is in bold, is quite confusing or contradict what it is intended to hold, it should either be rephrased to give it's meaning or be clarified because if anyone understand that Bitcoin is not a get rich quick scheme rather a long-term holding investment they can get involved with the DCA method of accumulation if they can't afford to buy larger scale. Even what you consider as long term investment is quite not long enough as discussed in the earliest part of this thread, if you read through you will find out that it is more a good long-term investment when hold for a period of 10-20 years and above.

~Snip~
How can you be motivated to invest in Bitcoin if you don't know about Bitcoin investing? Don't you know that the more experienced you are with Bitcoin the more successful you are. Because you don't know what to do about Bitcoin? There are ideas. Because of course our education about bitcoin is very important because if I don't have knowledge about bitcoin then investment is definitely ricks. Only after knowing the information should we awaken our ability to take risks, and invest in Bitcoin to the best of our ability as we move forward into the future. So I definitely prioritize learning about Bitcoin and gaining knowledge about investing.
From what I observed in this conversation the the misunderstanding between you and and the quoted @Fauderz is hanged around hitting the nail at the head, he/she in his/her definite understanding is trying not to dispute the fact that no knowledge is a waste rather learning and practicing is the real learning. permit me to say that your arguments here is kinda blind but you know what exactly you want to say but the skill of putting it in the right direction is what you lack here. when you made mention of the word (Experience) I believe you know the true meaning or you just use the word without a deep understanding of it, Cuz if you say experience you must put learning and practicing that makes up experience which is what the quoted was really implying but you either do not understand or do not want to understand either ways. For anyone to be well acquainted with the knowledge of Bitcoin and it's investment he/she must have put in to practice what has been learnt and this process is what brings experience or should I say it is the experience itself. so your conclusion that you prioritize learning about Bitcoin and gaining knowledge about investment is vague and not properly justified. the knowledge which you admire to gain in Bitcoin investment is majorly and/or solely dependant on practicing which is absolutely investing and leaning at the same time.
1269  Economy / Speculation / Re: Buy the DIP, and HODL! on: November 21, 2023, 01:06:55 AM
So, don't assume that Bitcoin will give you profits quickly. To achieve big profits, we need to be patient and ready to invest in the long term. Buying aggressively and taking advantage of falling price opportunities allows you to profit more efficiently when the market becomes bullish.

I agree with these ideas.. except to the extent that you (ginsan) seem to believe that the long term causes a guaranteed that you are going to end up being profitable, which it does not.
This response of yours has now open and/or widen my horizons, because most people have created this illusion around long term holding of bitcoin as the messiah that guarantees 100% profit in future without rational thinking, just to prove themselves lovers of Bitcoin or thereabout. now making someone who is selling out their Bitcoin of any amount look foolish or something even though the reason for selling is quite convincing and underminding the fact that Bitcoin is over 14 years now that it could be someone's target of holding or someone who has hodl for about 10 years or thereabout could have been a long time holding for the so called person. Some people might sell out there holdings for some reason like health issues etc but constantly I see people judging from their subjectivity and/or biased views that it is only advisable to hodl for long time. The manner in which it's been discussed brings up this xenocentrism in people who might not be well grounded in Bitcoin or the forum itself to feel so low and/or disappointed in themselves speaking from an empathic view. In as much as am concerned the major reason for venturing into Bitcoin is for the sole aim of profit. Infact every investment is majorly for profit but although in the case of Bitcoin it not  about investment but other knowledge included. So considering long time holding doesn't guarantee profit.
1270  Bitcoin / Bitcoin Discussion / Re: Germany's fourth largest bank "Commerzbank" Granted Bitcoin Custody Licence. on: November 20, 2023, 06:25:10 PM
That's the kind of news we are expecting, Bitcoin adoption globally although this might be for a selfish reason but it's still a welcome development, for those who will be saving their crypto (Bitcoin and/or shitcoins, NFTs etc) assets in the banks hope they don't get mismanagement from this banks or fall victim of governmental central control.
1271  Bitcoin / Bitcoin Discussion / Re: What can happen next time due to a lack of proper knowledge about Bitcoin? on: November 20, 2023, 03:13:19 AM
~snip~
The intention of Satoshi in creating bitcoin is not to take avenge or revenge on what you believe banks did to us (those you have lost to the banking system) rather it was for the simple purpose of financial freedom and free from central control by governments.
I don't think banks will be destroyed but it will have to adapt to the new technology and keep it activities if banks are going to be wiped out all over the world it will take years, this year's might be up to a centenary or more or less. Though the disadvantages of banks over shadow the advantages but that should don't make anyone to forget the value it aided to human life.

Of course, banks have a lot of valuable aspects, which includes services to help people who might not be able to perform some of those on their own, and also systemic advantages too., and so you make a lot of good points in that bitcoin likely will inspire banks to become better versions of themselves, and sure maybe some of them will fall out of business, or maybe some will have to transform a lot, but I doubt that the services and/or advantages that they provide would completely disappear for a very long time, and people will be seeking various kinds of "trusted third-parties" for help with their finances, and sometimes the "trusted third-parties" will not be as necessary and/or helpful as people believe, and some times some of us who believe that we don't need trusted third parties, we will likely realize that we won't completely be able to "get rid of them" either...

or maybe we start to play into the idea of Fediments replacing banks. or variations of developments in which banks become smaller circles and familiar rather than anonymous, depersonalized and sometimes seemingly completely detached... sometimes todays banks seem like parasites and even engaging in deception, so surely there may be some kinds of banks and banking systems that become more bitcoin (and even Crypto - and/or shitcoins.. I am still not sure if there might actually exist a crypto that is not a shitcoin) friendly...

Maybe part of the reason that credit unions started to exist in the 70s and 80s and thereafter was to attempt to bring some community back into banking, but even quite a few of the credit unions have gotten corrupted over the years by traditional banking systems and some of the rules that they have to follow or maybe even some of their incentives that are pushed on them to pursue debt and not to have reserves are too contagious but realize that those kinds of debt laden (and gambling) systems are not solvent (nor responsible to the communities in which they should be serving). 

Responsiveness may well come when people are able to easily speak with their feet, so if their bank is not serving them, they can move their value to a bank (or a bank-like institution) that actually will serve them and will actually have reserves and will actually allow the person to withdraw their value (and/or their bitcoin) if they are not satisfied with the banking services that they are receiving for whatever it might be costing them to keep their value there.
Everything has a purpose the more people realize this the better. Most people who are hurt by the banking system and others who are involved the crypto world (especially here in the forum) has now over evaluated the presence of Bitcoin and/or shitcoins that they do not need this third parties, most for a selfish reason of not paying there dues for storing their money or should I say assets since it's not only money that is stored in the banks others especially the ones exposed to decentralization and/or involved in Bitcointalk (Bitcoin and shitcoins) are not even in reality not interested in third parties but just to build up the hype here in the forum as lovers of Bitcoin to get credits while in reality they patronize third parties more.  They don't realize the fact that some third-party will be needed one way or the other although it may not be banks but some kind of bank related services will be very much needed weather of the individual or institution.

If there will be some kind of bank that adopts Bitcoin I wonder how they will operate but the operation mode shouldn't be what thinking about cuz for everything has time accorded to it. when the time comes for firms that will operate with Bitcoin and or crypto in general there will surely be a way figured out.

when credit unions where created it some maybe started contradicting the aims of governments so inorder to still bring back their strong hold the corrupt banking system rules are being pushed to them to bring the power of control in. at these point most of the credit unions that are not strong enough to resist will have to partake inorder to remain valid.

Most times when ordinary citizens are cut up in this corrupt banking system they rather not speak because of the social status believing no matter how hard they try they voices can't be heard. Even when their banks aren't serving them they tend to remain shut than waste their time lamenting. when banks adapt to the paradigm then people will have option to either move their assets when their banks are not serving them as needed.

It is practically impossible to sweep away the fiat, the only thing is that it will depreciate in usage. As far fiat is concerned, it is still main means of transaction. Talking about global domination of bitcoins is a nightmare that may not happen in this generation even if there are news of it everywhere. Don't forget that as some people believe on bitcoin, others don't want to here about it. A lot of person are stereotype while others study the positive and negative effect of it to reach their own decision.  To be more realistic, how do you pay for product less than a dollar everytime you want to buy such things , especially children. Bitcoins dominance in today's world will not be base on usage as means of payment but mostly as means of investment and store of wealth and value when it is no longer as volatile as it is now.
Since we don't know about the future we only speculate so for the current time being or in the nearest future (decades and/or more) co-existence might still be the situation but when a complete revolution may occur the faith of fiat might be less base on personal overview of the future. With what I have seen in the growth of tech money for children and the rest of it will not be a problem, from my observation comparing the past and the present then the present and the future it will surely be a different thing all the way in the future. If you want to truly see from my point of view watch some revolutionary movies and see how the future might look like and then search for movies from the late 80s and 90s that talks about this current stage we are now and you will be amazed to see that most of the revolutions are now happening or has happened already.
In a not shell Bitcoin dominance is still a speculate and/or prediction no one know the future.

Quote
~Snip~
You know what CONVENIENCE is? Having to go to a mall or a superstore and after getting what you need, you take out your phone scan a QR Code and just like Zap, your transaction is successful. What could be more convenient than that. The normal banking system has a lot of glitches that can really cause you lots of inconvenience either as an educated or an uneducated person, but globally legalizing Bitcoin would for sure fix those glitches. Due to the centralized nature of our regular banking system, trust that the government and the financial agencies will always enforce laws and easily manipulate the banking system to suit Their interest and always fall in their favor, but the presence of Bitcoin would for sure solve those glitches due to its decentralized nature. Why do you think the government and so called law makers are strictly against Bitcoin and are fighting tirelessly to give Bitcoin a bad image just so Bitcoin wouldn't be legalized.
I apparently observed that what he or she was talking about is situated now (current/present day) and not the future while you capitalized in future so the misunderstanding is from future and now. currently some people can't use the ATM machines and that's not because they're not educated or illiterate but because most where not brought up from tech exposed society or villages so it still hard for the to comprehend the paradigm. but for tech and/or civilized societies using this techs might be convenient enough cuz but kids are literally in used o modern tools.

Quote
~Snip~

There's no doubt that the Nigerian government are secretly investing in Bitcoin and uses Bitcoin as a means of moving money secretly, how then do you think the so called politicians move all the millions they loot. All the so called shitty crusade of making Bitcoin illegal are just mere formality, take for instance In June 2021 when Twitter was banned in Nigeria, some government officials were still reportedly seen making appearances on Twitter. LoL, the same lawmakers are the same people who break the laws.  in their dark circle, they all know the importance of Bitcoin, don't be surprised if they're the same persons who abuse the use of Bitcoin.
Nigeria is of one the top countries in Africa that has the highest number of users of Bitcoin technology or Blockchain tech, the governments of nigeria may or may not be investing in Bitcoin your thoughts are mere assumption. your assumption that Nigeria politicians use Bitcoin to move the money laundered has to evidence or solid fact but although we all know how corrupt the Nigeria government is but doesn't warrant your conclusion that Bitcoin is their source of moving money laundered. 
1272  Other / Beginners & Help / Re: Crypto terms used by profetionals on: November 19, 2023, 04:54:54 PM
You can also learn alot from this thread of @Ratimov

Did you spend one second to check the thread which was gone by the author?

Edited
Quote
Quote
They are all listed in the thread of mine that I shared above.

I was already typing before you replied, you check time of post you can understand the time gap
1273  Other / Beginners & Help / Re: Crypto terms used by profetionals on: November 19, 2023, 04:34:02 PM
Here is a list of threads that explains Bitcointalk terminologies that helps beginners/or newbies to understand conversations deeply


Quote
Where do bitcoin transaction fee goes?
Where do wrongly transferred bitcoin goes ? if mistakenly sent to a wrong address can it be recovered? If it lost does it add any value to bitcoin price?
It's rare to see transactions go wrong because most users are careful enough to know the addresses they are sending to. Transaction fees are what miners do benefits from, the fees are the sole profits of miners or should I say that is what is being mined. It very hard to recover bitcoins sent to wrong addresses because you may not know who it has been sent to, tho when it occurs with high influencer the exchange might give out details of the holder (sent to) but when it happens on a p2p/decentralized platform it may not be found. Seen it's just a transaction it has the same value your norm transactions will have.

Here is list of guidance threads that can help you find answers to your question
[/list]
1274  Economy / Reputation / Re: [v2][Self Moderated] In Merits, Count Down To Your Next Rank... on: November 19, 2023, 03:23:14 PM
My Countdown to Member Rank
Number of Merit(s) left: 1[/b
1275  Bitcoin / Bitcoin Discussion / Re: Now buy and hold the bitcoin is profitable on: November 19, 2023, 01:26:26 PM
Nowadays bitcoin price increased. This correct time to buy the bitcoin. Kindly give the some solison for this. Am try to buy the bitcoin. But I need some ideas for bitcoin. Kindly help.
I would've love to give you the answer from my knowledge but it's not too necessary so I will only quote so advice or decoded ways to buy bitcoin from some members here.
Once BTC accumulation targets are either established or at least there is some directional appreciation that you have to accumulate some bitcoin, then the next strategy would be to consider how to go about BTC accumulation.  Surely, the best three ways to consider BTC accumulation is through 1) dollar cost averaging (DCA), 2) lump sum investing and 3) buying on dips.  The consideration of these three strategies is also best in the order that I presented them.  DCA has the advantage of having a kind of regular flow into your BTC investment that can really add up over time.  Lump sum investing is many times not available for the vast majority of normies, and sure of course, if you have some abilities to lump sum invest there is nothing wrong with exercising such option because having a lump sum gives you options to invest it all at once or to even engage in some kind of DCA approach with investing the lump sum over time rather than all at once.  Buying on dips is not a bad idea, but it requires timing the market.
1276  Economy / Economics / Re: When Was the Last Time you Came Across a Positive Economic News? on: November 19, 2023, 12:21:10 PM
The world itself that we live in is pretty much a negative place the only time you can hear positive news is when you decide to be positive yourself. The governments/the MFs leading profits from our disheartening situations, they make sure that they create a senerio where they can give order and we must obey this order.
When you see wars, inflation in economy of a country or more it's always in the profit of another country, high economic and tech countries sponsor wars in other countries just to sale out their newly produced weapons in order to increase there own economy etc that's how it this things work and that's one of the major reason we can't get good news from this systems. The good news are swept under the carpet, In a rationale approach our good news/or positive news are a bad/or negative news to other people just as it's said that one mans food is another's poison. What you consider good news is usually a bad news to others.
1277  Bitcoin / Bitcoin Discussion / Re: What about Bitcoin satellite? on: November 18, 2023, 10:04:51 PM
This question is invalid, unsound and provoking to snr colleagues mate!
No question is invalid and forum members are welcome to ask questions anywhere they get stuck, does not matter if the question is answerable with a google search or not. That is how a forum functions, as a community where its members ask question and get replies to them.

Anyways, yes Bitcoin has a satellite it is called Blockstream satellite.
This is not a native project of the bitcoin network.

- Jay -
Logically thinking no question is invalid is correct because it seeks an answer but in a nut shell asking questions that is not well looked at or examined is completely irrelevant, I guess that's your correction here the use of words to be precise. If the forum as a community is set at a benchmark of asking questions and getting answers does not mean an individual should not make research. Some things can be studied/or learnt by self education but where one can't do some simple task makes it annoying to me. Anyways your correction has been counted.

For Blockstream satellite even if it's not a native satellite but at least it was launched for the aid of Bitcoin network hence it answers OP's question that's the aim.
1278  Bitcoin / Bitcoin Discussion / Re: What about Bitcoin satellite? on: November 18, 2023, 04:54:14 AM
This question is invalid, unsound and provoking to snr colleagues mate! It is very much self answerable. Google can provide you with this kind of answer even you AI's can do that too just make us of search button both in the forum and google too. Make you own research don't wait for you to get answers here before you known.

Anyways, yes Bitcoin has a satellite it is called Blockstream satellite. You can now make more research and learn from this thread below. if you don't find enough information as you wish to know then you can ask that question in that thread and surely you will have a good response. https://bitcointalk.org/index.php?topic=5245900.0 Created by @gmaxwell
1279  Economy / Economics / Re: Imaginary Future on: November 18, 2023, 04:33:53 AM
Do you ever feel like that being after saving or investing for future you forget to live in the present? You don't buy the things you want to or don't go after experiences you want because you'd rather save/invest for future instead.
In as much as saving is good it doesn't warrant you not having/living a good live. I mean you have to live for the present before the future if you're not alive today how can you then live in the future your investing/or saving for, one can not always invest in every circumstances or event you have to always get the essential needs. That you have to spend on yourself or take care of yourself does not mean spending unnecessarily or living a luxurious/or extravagant life.
Additionally, what is the future? Your future is your next minute not even exactly what we in our subjective reality see it to be, every minute of our live that we do not know or can not predict is a future because years or months before today you called today a future so live your live now because you don't know tomorrow. This is a popular saying that "Nobody knows tomorrow" so why suffer so much when you have it already just for the fact that you wanna save for a  future! Nah!.
Invest but don't die while investing. In my country there is what is popularly known as "next of kin" this does not just mean the normal next of kin but there is an extraordinary meaning attached to it, if you don't spend or take of yourself today (present life) one next of kin who do not know how you suffered to make this money or investments will spend it all when you're no more. So be wise and not be over conscious of the future.
1280  Local / Nigeria (Naija) / Re: FG 3MTT program and the National blockchain policy: on: November 18, 2023, 02:16:27 AM
I came across an advert from the office of the minister of the Federal Ministry of Communication, innovation, and Digital Technology regarding the 3MTT. (3 million technical talent program ) a program that is designed to train 3 million Nigerians on key technological skills including
1. Software development
 2. UI/UX design
3. Data analysis and visualization
4. Quality assurance
5. Product Management
6. Data science
7. Animation
8. AI/ machine learning.
8. Cyber security.
9. Game development
10. Cloud Computing
11. Devs ops.
Where is hacking ? That's the only skill I would have love to get from the government. Abi naija government dey fear to give us that kind knowledge?

I just hope this not another agenda for money laundering but if it works I will be glad Sha. But you and I know say the only country we dey benefit from as Nigerian youth na Canada  Grin apart from that and this kind only side hustle the government no ready to give us good knowledge make we no use am attack them.
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