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1441  Economy / Economics / Re: Do you like commission job or salary base job? on: November 03, 2022, 11:15:47 PM
~Snipped~
You certainly need to be a charismatic and outgoing person in the sales industry. I don't classify as such, and I'd have a hard time surviving in such an environment. On the other hand, I have thought that car sales would suit me because I'm a huge fan of automobiles. However, salesmen are often forced to trick customers into thinking they're getting a great deal by selling them a defective or problematic vehicle, which I find completely unethical and a scam practice. I could never do that; selling something knowing that it has issues is a no-go for me.
1442  Other / Politics & Society / Re: Your motive for giving on: November 03, 2022, 08:16:04 PM
I've noticed a pattern of giving in order to receive something in return with the majority of my former friends and acquaintances. This, however, usually switches to always making requests in the near future, since I find giving in order to receive something in return a malicious way of thinking. I always help and give selflessly without asking for anything in return. If I respect someone and I truly count you as my friend, I'll do my best to assist them. However, at some point they are simply taking advantage of you, which is something I don't tolerate. Unfortunately, I've noticed that it's too common for people to use others for their own advantage; it's very saddening, especially if you take into account that I'll do my best to assist someone however I can.
1443  Economy / Economics / Re: Will you further your degree from school, or learn a new skill after college? on: November 03, 2022, 05:54:26 PM
We're living in a fast-paced society, and those lacking the necessary skills or failing to adapt to this new reality will fall behind in the job market or have trouble advancing their careers. Honestly, there's no direct way to answer the OP's question. It solely depends on the person. Personally, I've recently graduated from university with an economics degree, and now I'm participating in a master's in digital transformation. I want to constantly acquire new skills and knowledge whenever possible in order to further advance my career. In order to broaden your horizons, you may have to learn skills that aren't necessarily related to your college or university degree, such as website development, for instance.

Acquiring solely one skill after school, such as coding, may work for some, but it's generally a good idea to diversify, something that does happen in university, where they teach you a little bit of everything and you can choose where you want to specialize in the future.
1444  Economy / Exchanges / Re: Binance asking for KYC, again on: November 02, 2022, 11:48:00 PM
Unfortunately, I can't recall why they asked me to reverify the past time, which was about a year ago or so. Could it have something to do with my proof of address being from Revolut?

Did they accept proof of address from a company that is not based in your country of residence?
Sounds weird to me, bank statements are not accepted here anymore unless the bank bach that has issued your end of the month statement is from the same area as your address on the id. It might be slip-up from Binance or it's the usual, do the papers, not look too closely at them, and have an excuse that you did something.

But the twice a year verification might make a few guys nervous, if they start with the selfie thing it's going to turn into a pain in the ass for those using a fake identity from a foreign country. We had a topic about a casino requesting this,  now imagine you have to pay a guy twice a year to verify your account

Yes, as surprising as it may sound, I had no issues with Revolut's proof of address on Binance. Unfortunately, I don't see that option on the app anymore; it seems that they removed it for some reason, which is strange since Revolut is now a bank institution. I'm hoping that they'll accept Greek documents because, if I am not mistaken, banks here only generate those in Greek.

Apparently, I have to go through the entire process again from scratch. Not only do I have to upload my ID and any other requested document but also to hold my ID against the camera.

I'll see if I can request a proof of address document from one of my local banks and attempt to verify again tomorrow. I'll update you if it doesn't work out.
1445  Economy / Economics / Re: Do you like commission job or salary base job? on: November 01, 2022, 11:39:27 PM
You're mentioning the negatives of commission-type jobs twice. The last paragraph's title should be regarding salary-based drawbacks.

Back to the subject now, I haven't tried a commission-based job yet. It sounds too intimidating and quite stressful if you ask me. No sales, no revenue. This way, you don't have a guaranteed flow of income by the end of the month. On the other hand, these types of jobs may go well beyond if you're an out-of-the-box person and may achieve a greater income than the normal salary-based job.

I'd be willing to try it at some point, but in a sector I'm an expert in and interested in.
1446  Economy / Exchanges / Re: Binance asking for KYC, again on: November 01, 2022, 07:08:21 PM
I take that you're from Greece op, if so, this could be because of the latest EU AML directive, see these recent posts about users being requested to reverify:

https://www.reddit.com/r/binance/comments/yheikl/complete_new_identity_verification_without/
https://www.reddit.com/r/binance/comments/yi4tw8/what_does_the_new_identify_verification_by/
https://www.reddit.com/r/binance/comments/yj5uve/is_providing_proof_of_address_now_mandatory_for_a/

I do wonder if your past attempts also mention "new identity verification process"?
That's what Binance is also mentioning. However, the majority of Redditors on the threads you mentioned claim they have never provided proof of address. That's what I understood, at least. I had provided that since day one of my registration, which is the main reason I found it odd. One suspicion is that they simply want to make sure it's valid. Who knows?

Unfortunately, I can't recall why they asked me to reverify the past time, which was about a year ago or so. Could it have something to do with my proof of address being from Revolut?
1447  Economy / Exchanges / Re: Binance asking for KYC, again on: October 31, 2022, 10:00:37 PM
If possible, I would like to know precisely the reason for Binance asking for KYC again. did you contact their support and ask them?
at some point, the document with which I validated my KYC expired, and they only asked me to upload a new valid document. nothing controversial, I could even use the complete service regardless.

I don't know the value of your asset, but it's probably time for you to think about a hardware wallet. (upcoming holidays always bring some discounts, maybe you can catch one of them). look at it as a long-term investment, because I'm assuming you don't plan to get out of cryptocurrencies anytime soon.
No, I did not contact Binance, but even if I do, I believe that I'll get the usual scripted response from their support. Thus, I think it'd be a complete waste of time. The money deposited on Binance is a couple of thousands, not a huge amount, less than $5,000, without my Bitcoin, which is sitting in my Electrum wallet. I haven't understood how hardware wallets work, though. I want to actively use this money to stake on platforms such as Beefy. How exactly can I do that?

I'm sorry if my question sounds stupid, but I'm literally clueless.

~Snipped~
My ID isn't that old, and your friend's ID probably didn't even have Latin characters on it, but it's definitely an issue. I can confirm what your friend has gone through. I got weird looks when I tried to check into my hotel in Poland, and N26 bank wouldn't accept my ID to open an account there. These laminated paper IDs were to be changed years ago, but we're way too corrupt here, and they never got replaced.

Binance certainly doesn't offer a great APY, I can achieve a greater one by staking on my own, but it was a choice made in desperation when UST crashed, and I didn't have the time nor the energy to bother again.
~Snipped~
That's true, they want to make money and at the same time comply with the EU's regulations. While they can "guarantee" you that nothing awful is going to happen, you can never be 100% certain that it won't. As for Greece's IDs, it's a complicated story, filled with corruption and useless politicians.
1448  Other / Politics & Society / Re: Do you have anyone you trust? on: October 30, 2022, 07:29:59 PM
The truth is that, ultimately, you cannot trust anyone. I was always quite an introverted person who hardly opened up to others. After having my trust broken quite a few times, with a few of those being extremely major offenses causing undescribable issues in my personal life, I find it extremely difficult to wholeheartedly trust someone again. Generally, I tend to be picky about the people I have in my life. I don't simply want to hang out with someone just for the sake of having someone to have a beer with, but to be able to express your opinions and feelings, to have someone understand you and have a proper conversation with. Trust me, I've had trouble finding the right people at my age (24).

I'm currently living with my girlfriend, and I think I can trust her enough, and also hang out with a colleague who's one of the best friendships I've had so far, and he's quite older than me (37). It's sickening that all these articles you quoted are murders for the sake of acquiring money. Money should be a tool for a better and healthier life, not the ultimate goal. Unfortunately, such examples are a daily phenomenon.
1449  Bitcoin / Bitcoin Discussion / Re: 8 Years ago today, $500,000 worth of bitcoin was distributed to MIT students. on: October 30, 2022, 02:49:25 PM
What startled me is that no one has already mentioned the extremely poor "conversion rates" of this experiment. From what I understood, according to the article, another experiment was conducted two years later in order to see how many students who took part in the bitcoin give away were still using bitcoin. Unfortunately, only 14% claimed to actively use Bitcoin. Isn't that a tiny percentage for students studying in such an advanced technological institute?

You obviously didn't read all the posts (and there aren't many of them), so you would have seen that I mentioned exactly that part that talks about 14% active after 2 years. But what did you expect in the period 2014-2016 when Bitcoin was still quite uninteresting for the majority? Students do not necessarily have to be people who can be expected to have a high level of understanding of some new technologies such as Bitcoin...
Corrected it, I suspect that my grammar corrector (Quillbot) opted it out in the process of simplifying the sentence without noticing. Apart from your reply, I didn't notice anyone else claiming it. Anyway, the truth is that you're right, 2014-2016 was a pretty uninteresting era for Bitcoin, and it's quite ironic because I signed up here in 2014, but I was nowhere to be seen in less than a year. Thus, it's hypocritical for me to call these students out, because I myself have lost interest in Bitcoin. I wasn't given a free airdrop, though, but chances are that I'd do the same.
1450  Bitcoin / Bitcoin Discussion / Re: 8 Years ago today, $500,000 worth of bitcoin was distributed to MIT students. on: October 30, 2022, 02:06:59 PM
What startled me is that (almost) no one has already mentioned the extremely poor "conversion rates" of this experiment. From what I understood, according to the article, another experiment was conducted two years later in order to see how many students who took part in the bitcoin give away were still using bitcoin. Unfortunately, only 14% claimed to actively use Bitcoin. Isn't that a tiny percentage for students studying in such an advanced technological institute?

Thus, it's pretty safe to conclude that giving away free money isn't the key to Bitcoin's mass adoption. Most will simply convert it to fiat and cash out the money, which is quite a common option according to the article, as students claimed that it was "free money" and not an alternative way of holding value and conducting transactions.
1451  Economy / Exchanges / Re: Binance asking for KYC, again on: October 30, 2022, 01:02:51 PM
Hm that's weird, for them to ask KYC so often. At least from my point of view as I don't remember being asked to do that in the last couple of years but I guess it depends on what you are doing with you account and the amounts you are receiving/sending.


On the one hand, I'd prefer to withdraw all funds from any centralized exchange, such as Binance, but on the other hand, keeping my money in decentralized wallets such as Metamask doesn't sound too safe to me. There are a lot of scams and exploits going on, and you can never be too sure. For this reason, centralized exchanges appear way safer, and I believe that if anything ever happened to Binance, for instance, it would compensate its users.
Why would Metamask (which I agree is not safe enough for anything else other than hot wallet) be the only alternative to centralized exchanges when for less than $100 you can buy a hardware wallet and have your money safe?


For this reason, centralized exchanges appear way safer, and I believe that if anything ever happened to Binance, for instance, it would compensate its users.
They may appear to some, but they are not. Its foolish to think that Binance would compensate their users if anything seriously bad happened, especially after everything that has happened in the past with other exchanges and platforms. Btw, you may lose your funds without anything bad happening to Binance as they can block your funds for whatever bs reason they think of and there's not much that you would be able to do without hiring lawyers.

Now that you and another member mentioned it, one of my suspicions is that it has to do with Greek-issued government IDs. We still haven't transited to European ones, which are the size of a credit card and, like driver's licenses, do not have an official expiry date. I only hold stablecoins on Binance for staking. Normally, I wouldn't have them in an exchange, but after the Terra incident, it was the quickest and safest thing I could think of. I'm definitely not storing Bitcoin there, but in an offline wallet. Thus, I don't see a reason for a hardware wallet at the moment.

I'm definitely not certain that Binance would reimburse its users in the case of a hack, but wouldn't that be the end of the exchange in case it happened? That's how I see things. However, there is zero guarantee that your funds are 100% protected.
1452  Other / Beginners & Help / Re: How does the trust system work and is it really important in this forum? on: October 29, 2022, 10:55:04 PM
It's not important if you're not participating in the forum's marketplace, fulfilling deals and sales. Fortunately, compared to other forums I've been to, the trust system is solely based on past transactions with other members and not based on a so-called reputation system where anyone can give each other positive or negative feedback without too much backstory. This way, you can't be targeted if someone doesn't like you based on what you're posting, but only through your transactions.

I was in a similar forum a few years ago, and it was easy to receive both negative and positive feedback with no background to back it up. It resulted in non-legitimate feedback in many users, which ended up in me getting scammed because you could never be certain if it was valid feedback or not. Not only did I lose money, but also the ability to be trusted, since the reputation system was so broken that you'd get negative feedback from the scammer's friends.

Fortunately, this isn't the case with Bitcointalk.
1453  Economy / Exchanges / Binance asking for KYC, again on: October 29, 2022, 08:51:59 PM
This is the second or third time Binance has asked me to verify my identity. Nothing has changed; it requires the same documents I uploaded the first time; same ID, same proof of address, everything. A friend of mine, who was also referred by me, has been subject to KYC verification twice this year. I understand that they want to keep making sure that all personal information is valid and up-to-date, but it sounds too exaggerated to me. On top of that, they are offering a worthless $10 cashback voucher if you verify successfully. If you don't, however, you will suffer account limitations till you submit your information. It's honestly a boring procedure.

On the one hand, I'd prefer to withdraw all funds from any centralized exchange, such as Binance, but on the other hand, keeping my money in decentralized wallets such as Metamask doesn't sound too safe to me. There are a lot of scams and exploits going on, and you can never be too sure. For this reason, centralized exchanges appear way safer, and I believe that if anything ever happened to Binance, for instance, it would compensate its users.

1454  Economy / Speculation / Re: Is hodling top 10 Marketcap coins a good tactic? on: October 29, 2022, 07:27:57 PM
Thank you for the great effort you made in creating this topic, for me I do not like to take risks so I always choose Top Ten coins in the market to put the largest part of my capital in, I do not like to risk big numbers so I use these top ten coins because they are guaranteed in the future , while I am risking a small section of my capital in shitcoins with lots of zeros (there is a good chance it will multiply many times) and when it goes up a little I sell it and make some profit.
There's no guarantee when investing, even if they're the top 10 ranked coins. The sooner we adopt this mentality, the better. There are quite a few instances of coins dropping down from the top 10, either because they crashed or due to loss of interest. Some examples include Litecoin, which did not crash to zero but was simply outclassed by newer, more advanced coins; XRP, which crashed after a lawsuit, if I'm not mistaken; and Terra, which is now worth almost nothing.

It's pretty safe to conclude that investing is risky. Even if you choose to go with the safest-looking options, the risk is always there.

Also, I'll have to disagree with the OP's statement regarding 10x capabilities by investing in Bitcoin or Ethereum. Nowadays, in order to achieve a 10x from Bitcoin, it'd have to surpass $200.000, which is highly unlikely to happen anytime soon.

to reduce such risk, even if you are investing in top alts, you should also keep up with their updates and not be contented for months or years without checking the progress of the coin. there are some instances like the xrp lawsuit and the terra crash. if you think there is surrounding news towards the coin you are holding, better keep an eye on them and decide which path you will take before you totally lost your investments.
That goes without saying. You should always keep track of your portfolio, especially when dealing with altcoins. However, it's not always possible to suspect a possible crash. Terra, for instance, crashed throughout the night. I remember going to sleep thinking my UST were just fine, only to wake up with $300 less in value. I would never leave funds on a coin and not thoroughly keep track of its progress.

The only one I feel comfortable doing is with Bitcoin, which has proved its worth throughout the years. Apart from Ethereum, perhaps, I don't think I'd hold any other altcoin without paying attention to the market. Cryptocurrencies are not autopilot, they need persistence, patience and strength in order to survive and earn money through them.
1455  Alternate cryptocurrencies / Mining (Altcoins) / Re: What coins are profitable these days? on: October 29, 2022, 05:34:33 PM
A colleague of mine has a few solar panels on his roof and was interested in investing in a cryptocurrency miner. Even if we suppose that he had the capability of being entirely self-sufficient with zero energy costs, the monthly earnings were still not enough to justify such an investment. I don't think it's currently worth putting money towards building a miner. Perhaps if you have zero or extremely low electricity costs and are willing to hold onto any earnings for the bull market, then you can possibly make a decent profit. Otherwise, it's not worth the trouble.

I'm certainly not the most qualified person to answer your question. I used to mine with a relatively low-powered PC with two GPUs in 2017-2018. A lot has changed since then.
1456  Economy / Speculation / Re: Is hodling top 10 Marketcap coins a good tactic? on: October 28, 2022, 10:40:03 PM
Thank you for the great effort you made in creating this topic, for me I do not like to take risks so I always choose Top Ten coins in the market to put the largest part of my capital in, I do not like to risk big numbers so I use these top ten coins because they are guaranteed in the future , while I am risking a small section of my capital in shitcoins with lots of zeros (there is a good chance it will multiply many times) and when it goes up a little I sell it and make some profit.
There's no guarantee when investing, even if they're the top 10 ranked coins. The sooner we adopt this mentality, the better. There are quite a few instances of coins dropping down from the top 10, either because they crashed or due to loss of interest. Some examples include Litecoin, which did not crash to zero but was simply outclassed by newer, more advanced coins; XRP, which crashed after a lawsuit, if I'm not mistaken; and Terra, which is now worth almost nothing.

It's pretty safe to conclude that investing is risky. Even if you choose to go with the safest-looking options, the risk is always there.

Also, I'll have to disagree with the OP's statement regarding 10x capabilities by investing in Bitcoin or Ethereum. Nowadays, in order to achieve a 10x from Bitcoin, it'd have to surpass $200.000, which is highly unlikely to happen anytime soon.
1457  Other / Meta / Re: The Reason why you chose your username on: October 28, 2022, 08:27:36 PM
I don't have the fancy reasons others have, such as to preserve anonymity or because I was a cryptocurrency trader. I used to be a competitive cyclist when I was a teenager and had recently purchased a Shimano Ultegra groupset for my bicycle. Thus, I came up with Ultegra134. The numbers don't represent anything but were mostly used when my desired username was taken. This is the only forum I've used so far and will probably stay that way. I guess it represents the start of my cryptocurrency era and the start of competitive cycling. 

A little boring since it doesn't have much to do with cryptocurrencies, isn't it?
1458  Other / Beginners & Help / Re: Exchange platform with lowest fees on: October 28, 2022, 06:59:51 PM
Well, Kraken isn't that bad in terms of fees, but it certainly doesn't have the lowest ones. You'd be better off using Binance, which I think currently offers the lowest fees compared to other exchanges. The conversion to euros or a stablecoin is still considered trading, thus, you're subject to trading fees. Kraken is decent, but Binance is way more affordable in terms of fees, and it's also the main reason I switched to them. Fees were adding up when trading and were reducing my profit. Binance offers as little as a 0.10% trading fee.
1459  Economy / Speculation / Re: Bear market likely over? on: October 27, 2022, 08:58:59 PM
Just a short squeeze, nothing too much in this to get excited about, particularly as we've been here before several times already these last 4 months.

If we're patting ourselves on the back for this, I won't know what we'll do to award anyone who makes it through new lows (they're coming, don't dream) and emerges in 2023/4/5 to claim a new ATH. Medals are cheap Wink
Exactly this. Why is everyone so excited when Bitcoin makes even the slightest bump? For quite a few months now, Bitcoin has been ranging between $19.00 and $21.000 for quite a few months now. There weren't any significant gains, it didn't even reach $21.000, but somehow, Bitcoin's and Ethereum's rally is all over the internet. We have a long way to go to see any decent recovery. Continue holding and we'll be rewarded.
1460  Economy / Scam Accusations / Re: Beware of fake Coinmarketcap! on: October 26, 2022, 11:52:30 PM
I'll make the educated guess and say that Google is filled with similar phising ads, because I'm also seeing two sponsored ads regarding a fake Coinmarketcap website, different from those you and OP posted. Honestly, I don't see why you'd connect to CMC in the first place but I'm guessing that it's fairly easy to get carried away.

Here's the two websites being shown. Both already reported to Google and hoping they're taken down. It's kind of frustrating that no background check is being conducted when Google is listing such advertisements.

Edit: Photo stopped showing
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