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The high rate of transaction charges could be on the course of the banking advancements of offering flexible banking services. The digital banking system is actually more of an expensive program comparing to the physical banking.
I disagree with you because digitalize things will help banks, governments control things more easily and with less cost. It will reduce governance cost for them, and don't make things more expensive like your thinking. Bank transfer is more convenient than physical fiat currency exchange and CBDCs will be a next step to make it easier for banks and governments. It explains strength of blockchain technology and it's not coincidence that we see Tokenization progress. |
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Some wallets such as Electrum, Sparrow, Bitcoin Core and Schildbach wallet have a functionality to import/export encrypted backups with your wallet's encryption password, and this is very interesting
This information is misleading. When you export, you have options to export like Export your private key, Export your labels. You only can save your backup and if your wallet is encrypted, the backup will be encrypted automatically. No option to Save your backups without encryption. When you import, from private key or seed, you can choose to create a new wallet file with encryption or no encryption. You don't need password to import a private key or mnemonic seed. You only need a wallet password when you open a wallet file that was encrypted before. |
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Cryptoeconomics, Fundamental principles of Bitcoin. Downloadable book in pdf, shared for free download by Eric Voskuil. You are asking a lot of unrelated questions. The links between Bitcoin, DeFi, the functions of the central bank, and the macroeconomy are not reliable, even if there is an attempt to do so.
Macroeconomics includes many components and Bitcoin as one component, can not solve any macroeconomic problem. It is responsibility of governments, central banks and politicians. We can not trust politicians so macroeconomic problems will never be solved. To defend our finance, wealth, we have to avoid banks, use money to invest. No better investment asset than Bitcoin.
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I was around when Bitcoin was $5, and $30, and I Bought my First Bitcoin at $30, I then Sold at $1,000. And I was Earning 7 Bitcoins a Month for a few Months, and Cashing that out for $7,000.
You only created your account on January 01, 2024 and shared this story. If you were here when Bitcoin was about $5, it is about middle of 2011, many years ago. https://bitcoin.zorinaq.com/price/It is very strange that you were not in bitcointalk forum in 2011 or 2012 and only joined it this year. |
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Nevertheless, staking reward is like your income, and it is target of tax by IRS, you will only be taxed if you claim your staking rewards and already get your initial capital deposited for staking back.
Because if you only claim staking rewards but your deposit is still on an exchange, you can lose it. Like FTX exchange collapse, Terra collapse, you will not get your initial money back.
Rather than get income, you end with loss. If it is during a calendar year, your tax report will end with big loss, not positive income so I don't believe it will be taxed.
I am not a lawyer and it is my thinking only.
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However, the thing is that he does not want to keep the seed phrases on a piece of paper (physically) as he thinks that it can be stolen or theft or even lost and he may lose all of his bitcoins.
If he can lose a piece of paper (physically), he can lose his hardware wallet if it he has it. So what is doing now that he has created a new wallet with seed extension. He has created four or five different wallets (to divide his funds in different wallets), each of them with the same seed extension, the words which he memorizes and can never forget.
Using a same word or same words for seed extension is good, but memorize it, it's not good. Now he keeps the original electrum seeds on a piece of paper as well as he is storing it online on his Gmail.
Storing it on a piece of paper, it is good. Storing it on his Gmail, not good. His Gmail can be hacked or Google can see the seed phrase. He is of the point of view that now he is 100% secure as he cannot lose the seed phrase as it is stored both physically and electronically.
He can lose both, physically with piece of paper and electronically with his Gmail. Secondly, if someone hacks his seed phrases both physically or online, that is of no use because he has seed extensions to the seed phrases which only he knows about.
He can lose the words for seed extension when his brain has problem and memory gone. Given these conditions, is he doing it the right and secure way?
Not secure. Gmail. Memorize. Two big risks. How to back up a seed phrase |
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S2F model, DCA, Bitcoin Power Law and try to find bottom of market. If we apply all of these, we will be very confusing with the market and no longer be able to apply DCA well. Models are for every senior investors who have enough experience but with new investors, I can not understand models and DCA is my strategy. |
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We can always find some sort of silver lining out of any bad situation, but that doesn't mean they have any "benefit". Inflation is not an exception.
We need to pick a good asset for our investment. No inflation in that asset, we have Bitcoin with only 21 million bitcoins and it is inflationary but we know there is a limit at 21 millions, not more. The value of Bitcoin comes from many things, its limited supply, its use cases and adoption. Its value can be supported by loss, decrease of purchasing power of US. dollar and other fiat currencies. I don't expect to see Bitcoin hits $1M next month or next year, because it will only happen if something really bad like nightmare happens with US. dollar, global economies. I believe in Bitcoin but only hope to see its value increases naturally with time, not hit $1M after one night because if it happens after one night, there will be a terrible black swan event globally. Purchasing Power of the U.S. Dollar Over TimBalaji Srinivasan Explains $1M Bitcoin Bet Rationale, Says Could Take Longer Than 90 Days. This joke is non sense. |
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With ROI, very high, it is attractive enough to DCA Bitcoin. https://casebitcoin.com/I appreciated your work that is complex and I don't understand all of your charts and math but you did good works to convince newbies that Bitcoin is a good investment choice for them. https://dcabtc.com/ |
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The difference is due to the constant change in the market price
It is from their APIs to estimate values with prices from exchanges. Fast or slow and source (exchange) where they retrieve the price for estimations. Prices of Bitcoin on Coinmarketcap and Coingecko are different because they have different formulas and have different exchange pools to get an average price of Bitcoin. The best way to look at it is to look at the amount of Pooled SOL and the token
I know. The numbers of SOL and token are same but values (estimated values) are different. |
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The bullish case for Bitcoin is a good resource to read, understand about Bitcoin, its potential & pros compares to Gold and fiat currencies. You will see detailed comparisons of Durability, Portability, Fungibility, Verifiability, Divisibility, Scarcity and more.
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I will be happy to learn about the DCA method if anyone will be so kind to share me any link that can help. The link in the first post talks about Smart DCA which is also clear in the chart. I would have loved to also learn about DCA to be able to compare as I start my bitcoin investment. I have read through many comments but I have not seen anyone that explained the DCA aspect.
Dollar-Cost Averaging: Pros and Conshttps://dcabtc.com/https://costavg.com/ |
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It all happened yester-night; this happened yesterday night while going back to a place of work with my device as I was leaving something in me keeps telling me to freeze my important apps which includes my Binance app, Okx app, Electrum app and other digital asset app within my device was freezed and removed from my phone menu.
Before we fund our wallets with money, we must make back ups. We can fund it to our exchange account or non custodial wallets. With exchange accounts, in applications, we can not control our fund because we don't have private key, it is a first big risk. Reminder: do not keep your money in online accountsNow if we use non custodial wallet, we must consider to use open source one. And we need to back up the wallet, use the backup to recover that wallet. If we recover it successfully from our wallet backup, we can start funding it. How to backup a seed phrase. I don't understand causes of your application freeze. What are reasons actually? |
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If I trade 10x vs. 15x will the 10x make more profit than the 15x if I TP @5% or should it be the same amount of profit either 10x or 15x if I set the TP @5% ? For some reason if seems like Im getting less profit per trade when I just upped my margin from 10x to 15x. And I should ask if it is less profit using 15x, why is that? Thanks
When you use a higher leverage, you should close your position faster than using a lower leverage. Because you will have less time to let your position opens before the market moves big. If you aim at 5% profit with 10x leverage, you will have to aim at lower profit like 3% for x15 average. Don't use leverage is better as you are asking about 10x and 15x leverages that are all high risky for your collateral. Your position will have high risk of forced liquidations. Don't try to be outsmart and want to beat the market, you will be beaten by the market. |
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