To avoid losing your money from mistake on first time, just try a little amount of coin when you want to transfer it.
It is very recommended to use small amount of coin as a test to confirm that you are doing it right.
Transfering funds between different blockchains will cost us more money, we should be very careful to not lose our money because our own mistake.
A few others also noted that, however, I'd like to mention that when I tried using one of those bridges, it was prohibitive to use for small amounts ($10-$20), and would result in over 20-30% loss of funds. I'm not sure, it could be that specific bridge's fault, or because I was trying to transfer BUSD to the Fantom network, and it had to go through a wide range of transactions to actually transfer as BUSD. |
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IMO this was a war crime and the West will condemn it, but the question is: will they have the balls to go all the way and isolate Russia? For instance, Burger King and many other Western companies continue to operate there. Countries like Hungary still support Russia and help them finance their war. Is this going to change after this genocide? I doubt it.
I don't believe in full isolation of Russia. All these sanctions is painful for them, but West don't have balls to hit where it hurts most - embargo on Russian oil and gas. C'mon, some countries are ready to pay for gas in rubles. And yeah, there is still many foreign companies continue to operate in Russia Well, I understand the concept of sanctions, however, an embargo on Russian oil would send the prices to the moon, for the west, while Russia would still have a market to operate, Asian countries, such as India or China. Thus, Europe would lose a huge oil exporter, leaving a gap in the market which is highly unlikely to be filled. Russia on the other hand has committed a wide series of war crimes, with the last one being the massacre in Bucha. It's unacceptable that they've killed so many innocent civilians, while they've completely destroyed whole cities. |
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Thank you for all your replies, I appreciate every and each one of them. Currently, I've invested some money in FTM - USDT, on Binance Smart Chain, and I'll potentially try to diversify my portfolio and resort to transferring some funds to Polygon or FTM, if I find something that catches my attention. Generally, I'm trying to be careful, due to DeFi's complexity, meaning that it's completely decentralized, and a single mistake could result in a loss of funds.
Thanks again, your help was appreciated.
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Anyway, could someone also explain why oil prices have frozen the past few days? They don't seem to be updating.
Initially the prices rose, because a lot of people thought that Russia won't be able to sell it's crude. But that is not the case, as countries such as China, India and Indonesia are mopping up the supplies from Russia at discounted rates. Even the United States has used this opportunity to increase the imports from Russia (and that is despite the "ban"). The supply crunch for crude oil has not worsened, despite the OPEC decision to not to increase the production. Unless the new set of sanctions explicitly target countries that purchase crude from Russia (that can't be ruled out, given the pro-OPEC leanings of Biden), I foresee the prices to remain in $100-120 per barrel range. Yeah, there's still a market for Russian oil, despite the US ban, Asian countries are purchasing at discounted prices. Anyway, the future is still vague regarding oil prices, which are highly volatile, but I also project that the price will sustain at approximately $100/barrel. Currently, after a small surge in prices, which climbed up to $107 for Brent (from $104), prices are plummeting, with WTI Crude trending at $96 and Brent at $101 as we speak. This huge volatility is causing major concerns about the future. |
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Excuse me for not responding the past two days, my schedule was a mess and wasn't available. Okay, back to the subject now, Blockchain.info was the first wallet I ever created, back then, you could only access your wallet via its unique ID, and if I'm not mistaken, if it was lost it couldn't be recovered. This has changed now, you can now access your wallet using your email address, while it records way more data than it used to. On top of that, it also functions like an exchange, things have severely changed, and I'm curious if we're about to see some further centralization and an effort to contain cryptocurrencies. P.S It also sends me a newsletter to my email on a daily basis.  |
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Back in 2012-2013, I had a few Blockchain.com wallets, back then, no details were asked, there wasn't even an option to login via email. Recently, I received an email from them about a promotion. They were offering $5 in BTC, if you completed the KYC process, by providing your personal details, such as residence, uploading your driver's license, or other form of identification. On top of that, they've now added a section about taxation of cryptocurrencies, providing you with the ability to export tax statements. Do I owe taxes on my crypto?
If you sold, swapped, or earned rewards on your crypto in the last year, you likely owe taxes. We have partnered with CoinTracker to simplify your tax reporting. Cointracker is fully supported in the US, Australia, UK, Canada and also provides capital gains reports for users around the World. Get free tax reports for up to 500 transactions with CoinTracker or use a service provider of your choosing.
I'm starting to believe that even wallet providers and exchanges are shifting towards a centralization of cryptocurrencies, debunking previous theories about anonymity of funds and personal freedom. What are your thoughts about this? Do you think more and more services will adopt similar techniques? |
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Not just India and Russia, but the whole world are now affected by the embargo on oil against the Russian. And as you have said, someone will have to benefit and it will be Saudi or at least some US ally in the Middle East. So it's going to be a battle of attrition, it looks like Putin is holding up and now putting pressure on US and it's allies regarding the war after a month.
The war will end in a month or so, and if the oil prices continue to remain at $110-120 levels, then many of the oil consuming nations will be forced to get their crude at discounted rates from Russia. Already China and India have indicated that they are willing to purchase Russian crude. These countries face a difficult choice - either purchase Russian crude at a discount, or witness an economic recession in their own territory. BTW, the Indian government should blame themselves. When crude was trading at $40 per barrel, these guys refused to accumulate oil reserves. Rumors have it that the war will end by May, a month or so from now, however, all these sanctions that have been put against Russia won't be lifted, thus, it's still possible that barrel could still surpass $150, despite the ceasefire. Since other Asian countries are purchasing oil at discounted prices, Russia's economy isn't hurting too much, it's ours that it's being pwned. Anyway, could someone also explain why oil prices have frozen the past few days? They don't seem to be updating. |
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There seems to be evidences of war crimes all over. Attacks on civilian targets, phosphorous munitions, cluster bombs used in civil areas and other less easy to document such as rape and murder.
To be honest, most modern wars do include war crimes in one way or another and yes, that includes US troop in some instances. Yet, as I said in other posts, that does not mean Putin and his generals should not be held responsible. One wrong does not justify other wrong.
Here are a few civilians, bound and shot for being Ukrainians: https://twitter.com/J_B_E__Zorg/status/1510005388950876168https://twitter.com/DefenceU/status/1510372750665433089In Bucha, they just uncovered a mass grave of 280 bodies of civilians shot by the Russian military before they withdrew to Belarus. For those who understand Russian, it is not only Putin who calls for genocide, the whole of Russia wants it: https://twitter.com/J_B_E__Zorg/status/1510249786485755908https://twitter.com/J_B_E__Zorg/status/1510248120172617734It doesn't need much thought when thinking about war casualties. A quick look at the city of Mariupol is enough to determine how aggressive Russian forces are, and how many crimes of war have been committed. I believe we're seeing a repeat of the history of Yugoslavia, demolished cities, a war potentially lasting 2-3 months, lot of civilians killed. Certainly, when looking to all these bombarded cities, it's safe to imply that a large amount of deaths have been committed. |
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My question now is, how do I transfer funds from one network to another? Up to this point, I have a decent sum of money in BUSD and USDT. Due to being a complete newbie regarding this matter, I don't want to mess anything up and end up losing my funds, it's not a banking service, thus, if I do something stupid, there's a high chance that my money is lost on the blockchain.
Yes it's possible to transfer tokens from a chain network to another using the SWAP function in metamask (I can't tell if this option is available on other clients like walletconnect). There are tutorials on how to use this function. For example, this is a guide on how transfer a token from Binance Smart Chain to Polygon: https://medium.com/crypto-and-defi/how-to-sent-matic-from-bsc-to-polygon-4bcd815ca49eIf you keep safe your private key of the address holding the token (whatever the chain), then you should be safe swapping tokens from a chain supported by metamask to another. Thank you, generally I'm quite hesitant when making such moves, as I've said earlier, I don't have much experience, and I've always used Binance Smart Chain, thus, I have zero experience with other chains. I've seen a few guides, but wanted to ask the Bitcointalk community first. I don't want to be mean but I think I should tell you that most likely you are not the best DEFI investor if you don't even know how to transfer your founds through chains ... how the hell you think you are experienced enough to say that "but there are far better ones in other chains.". Now back to your question: Option 1: Deposit to CEX (centralized exchange) that support cross chain withdrawals. Most CEX do that. For example binance or even hotbit: Option 2: Chose a good bridge and fallow instructions. For example celer bridge or anyswap. No offense taken, I never considered myself an advanced investor, I'm a mere newbie who has invested in a few smart contracts and made some profit. Nothing more, nothing less. Thanks again. |
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86% of the Russian public supports Putin's war, so he will not have any political issues for a while, IMHO.
While I don't doubt you, I'd like to see the source for this number, it looks exceedingly high. During the first days of the invasion, Putin's actions were discouraged and sparked a few protests, which were quickly dealt with force. Anyway, Putin isn't going to step down from his presidency, he won't stop till he gets what he wants, or lose everything in the process. It's surprising that an army like Russia's is having such a hard time against Ukraine, they're supposedly a superpower. |
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Covid Is still around you see, what happened is that talks about the invasion and death of humanity at Ukraine has lessen the noise.
But Covid was more dangerous than this, the whole wide world got their ass kicked out.
It's a good thing we're still around, up and strong breathing very well.
The issue is that cases are on the rise once again, while quarantine measures are being eased (masks, Rapid testing etc), we're bound to see a new outrage soon enough. Despite the number of deaths, which is way lower than last year's, Covid-19 is yet to become a simple flu virus to ignore any safety measures that were taken. I received the third dose of the Pfizer vaccine yesterday, my Covid-19 recovery certificate was expiring, while the new outrage of cases is worrying enough for people over 60 or/with underlying issues. |
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Generally, cryptocurrencies have been proven to be worthwhile investments throughout the years, providing that you do your own research. Don't stumble upon a few shitcoins, hundreds of them are popping up every single day, and then blame cryptocurrencies for losing your money. The same thing could also apply to the stock market, by obtaining worthless stocks.
The risk is really there, it found no exemptions in all kinds of investment but what makes this crypto investment consist of higher risk it was because of the volatile nature. However, the choice of the top coins in the market seems to be the best and ideal option to risk. Many people had lose their money in crypto because of having no idea and knowledge about this stuff, and even it is even seen in the stock market as well. The investment gives no SAFE assurance as it totally depends on us but I guess working it and investing knowledge here gives some light and safety to our funds. There's no such thing as safe investment, unless we're talking about bank deposits, which provide you with a tiny bit of interest every 3/6/12 months. However, there are definitely options that could be safer than others, such as investing on Stablecoin smart contracts, rather than other contracts which involve pairs with high volatility, susceptible to impermanent loss (IL). |
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I'm on Bitcointalk since 2014, but knew about Bitcoin since 2012-2013. Generally, cryptocurrencies have been proven to be worthwhile investments throughout the years, providing that you do your own research. Don't stumble upon a few shitcoins, hundreds of them are popping up every single day, and then blame cryptocurrencies for losing your money. The same thing could also apply to the stock market, by obtaining worthless stocks.
Bitcoin, Ethereum, Binance coin, Polkadot are a few notable options to invest, however, there are plenty of others out there waiting for you to seize the day.
P.S Woo 1900th post.
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Hello, I'm quite new to DeFi projects and smart contracts, and I'm interested in getting to know more about them. Currently, I've only invested in projects found on the Binance Smart Chain network. My portfolio is consisted of two smart contracts, FTM - USDT and UST - BUSD, which aren't too bad, but there are far better ones in other chains.
My question now is, how do I transfer funds from one network to another? Up to this point, I have a decent sum of money in BUSD and USDT. Due to being a complete newbie regarding this matter, I don't want to mess anything up and end up losing my funds, it's not a banking service, thus, if I do something stupid, there's a high chance that my money is lost on the blockchain.
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That's right, money goes and will come again. If we still have the opportunity to make money, we should not regret the past. The ultimate goal when we invest is to be able to make a profit and we should be satisfied with that.
So far, we can almost say that the growth of bitcoin is certain but with bitcoin's past still ambiguous holding it would be risky and we regret assuming bitcoin will not increase. Always set a price target for yourself, don't be too greedy greed will sometimes kill our future.
That's the point why we are investing and trading right and that is to earn profit. For me, it is depend on a person on when he is going to plan to cash out his long term holding assets but in my case as long as the current market price of a crypto that I am holding is enough already to say that I've earned a profit from it then I am not hesitated to sell it. There are times that we may encounter unexpected instances that sometimes our savings or our long term assets in hold may need to sell for emergency then it's a win-win already. Long-term holders do not mean not selling it and will make sales when really need and use it as an emergency fund, and even then only sell part of the profits earned in the long term. By owning bitcoin for the long term they are not worried because they believe the future will be brighter, and I treat bitcoin as a savings that can be profitable and I will use it when I need it and I will not sell everything until I am satisfied with a bigger one. I haven't sold a single portion of Bitcoin for two years now, I'm currently trying to accumulate as much as possible, without selling any without having a serious reason to do so. To be honest, despite owning more Bitcoin than I used to do back in November's ATH, my coins are worth less, thus, I'm currently taking a loss, but with patience, it will certainly pay off in the long-term. |
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Oil prices are starting to ease, as members of the International Energy Agency (IEA) agreed to join in the largest oil reserve release. That resulted in WTI Crude dropping just below $100, while Brent Crude trading at $104 per barrel. For some reason, I cannot understand, oil prices have frozen since yesterday and haven't updated, if anyone knows, I'd appreciate shedding some light.
Petrol here is still trending at approximately €2.08-2.10 per liter, while diesel at €1.80 - 1.90, which is also subsidized by the government (€0.12/liter). Hopefully, I believe that there will be some kind of relief in gas pumps, however, fuel costs will be far from what they were a few months ago.
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The US and Eastern Europe has been criticizing the growing dependence on Russian fossil fuels for a long time. But Western Europe wanted to reduce American influence, and they believed that they can contain Russian aggression by being friendly. They miscalculated heavily, because Putin viewed friendliness as softness and invitation for more aggression.
I wouldn't say that Russia was fully prepared for sanctions. A significant part of their 600 billion reserves got frozen, because it was held in the west. Russia heavily relies on imported components for manufacturing nearly anything, so their military-industrial complex got hit very hard with sanctions.
Also, the full effect of sanctions will become clear in 1-2 years. But some of the Russian top officials already admitted that they didn't expect sanctions to be this harsh.
The point is that these sanctions are hurting the West too, I'm not sure if we could possibly compare which side had the largest losses, however, I could easily name a couple. Firstly, Europe will lose a significant amount of Russian tourists, here in Greece we had at least 250,000 cancellations, with more to come in the next upcoming months. Moreover, the rising fueling costs are creating a vicious cycle of increased prices, in all kind of goods, which we'll be facing for the upcoming future. |
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All traders certainly hope to buy low and sell high, unfortunately this is difficult to achieve, we never know whether the current price is low or not, waiting for the price to continue to fall, of course, is not necessarily the case because sometimes the market continues to rise, the best thing we can do is do is immediately buy and sell when the target profit that we planned has been achieved.
The market is difficult to predict its movement and we need to analyze it, to make the right decisions both when buying and selling is certainly not an easy thing and I think analyzing it will help, besides that it is important to make a target first and in trading we don't be greedy Certainly, it's highly volatile and unpredictable, however, there are a few signals you could potentially spot. Definitely, nothing is guaranteed, and every move involves a high risk percentage. For instance, during the last bull market, in which Bitcoin surpassed $48.000, was a perfect opportunity to sell and purchase again when it crashed, obtaining more Bitcoin in the process. You need to be in a watch with how the market behaves if you want to sort the market, it's not easy but very doable there are types of short-term traders who work this way and they are really making a decent amount of money doing this kind of strategy. You have to look for any available information and anticipate the market movement. By doing so, you are watching the crashed and how it will bounce back to favor your position. Make sure that you have a heart of steel before using this strategy. Most of the time, even you think the market is already down there's a still chance that it will dump more. That's certainly true, however, I was away from home, the 2FA was on my old mobile device and couldn't access Binance in order to transfer funds from my wallet to the exchange. Definitely, it requires a lot of patience and the guts to basically gamble your own money. I've done it a few times in the past, most of which were successful, however, I did have a large loss on one trade and then stopped trading whatsoever. |
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All traders certainly hope to buy low and sell high, unfortunately this is difficult to achieve, we never know whether the current price is low or not, waiting for the price to continue to fall, of course, is not necessarily the case because sometimes the market continues to rise, the best thing we can do is do is immediately buy and sell when the target profit that we planned has been achieved.
The market is difficult to predict its movement and we need to analyze it, to make the right decisions both when buying and selling is certainly not an easy thing and I think analyzing it will help, besides that it is important to make a target first and in trading we don't be greedy Certainly, it's highly volatile and unpredictable, however, there are a few signals you could potentially spot. Definitely, nothing is guaranteed, and every move involves a high risk percentage. For instance, during the last bull market, in which Bitcoin surpassed $48.000, was a perfect opportunity to sell and purchase again when it crashed, obtaining more Bitcoin in the process. |
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So I needed some funds to make up for a payment. I contacted three of my clients who were supposed to pay for some writing jobs but the payments were delayed. I was getting frantic when I remembered that one of my old Blockchain wallets. I started wondering if the wallet I hadn't used for years could have some valuable bitcoins. I also remembered that I had the seed words in my phone as a screenshot (crazy!) so I imported the wallet. Boy, you wouldn't believe how much I had in there. Not up to all the money I needed but enough to make a difference. I wonder who else has access to old wallets  I had my Bitcoin stored on an online wallet, BitGo, for quite a few years had been left untouched and were recovered in 2020 (stored from 2016). Since then, I was in a hunt to track down any abandoned wallets, in hopes to recover them. Luckily, I found 3 Blockchain.com wallets, with approximately $200-250 worth of Bitcoin, not bad at all. On top of that, I recently recovered 0.0025 BTC on a Coinbase account, not lifesaving but certainly not bad at all. |
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