The time when I was trying to find a promising coin among a thousand pieces of shit is already over for me. I realized that there are BTC and a couple of dozen altcoins, among which you can choose where to invest your funds. Don't waste your time playing roulette.
I think we have all went through something like that, I remember thinking years ago that I could find a good coin that had a small market cap and make money that way only to be burned at the end, after that experience I reached the same conclusion as you, besides a handful of coins the rest are simply not worth my time and while some may think this strategy is too conservative the truth is that it is not rare for bitcoin to make big movements that can produce significant profits for the ones that are patient enough to wait for them. After a few years of playing around I came to a similar conclusion. The main difference between mine and yours is that whenever you have a chance to invest in crypto and you have Bitcoin available you should choose Bitcoin. There's no point in buying alts unless you really know that there's a major event taking place like when BCH was forking into BSV. Most of the time you'll do much better buying Bitcoin than anything else. |
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This is a prime example of not weighing out the risks. Leverage in trading works in both ways, so if you're prepared to go all in without even being bothered about the consequences well I'd say that's complete foolishness. No amount of money is worth a life.
There was no risk at the moment he killed himself. He was fine and his balance was positive. It was a misunderstanding on his part and a failure of the site to make things clear enough. Reminds me of that movie where the main character thinks the situation is so desperate it's better if he kills his family and commits suicide but when he kills them and is about to end his own life he is rescued. Usually it's all in our heads and if we were able to leave our bodies and see that whole situation from a different perspective we wouldn't feel like it's the end of the world. A really unfortunate coincidence for that poor guy. |
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Everybody needs privacy.
Just like any other service, if your intention is evil then you're using it the wrong way. But if you're using it with the purpose of protection and to do no harm, you are using it correctly.
If everybody needs privacy then all human beings need it regardless of their trade. As scammers they are spineless people but still people. We shouldn't throw away a useful device just because a scammer might want to use it. It's not even a case of a gun that can be used to shoot a wild boar or a police officer but rather similar to a bank account. Should we not allow convicts to have bank accounts because they were once caught doing something illegal? Scammers and thieves have the right to eat, sleep, voice their opinions, vote, and have some basic privacy. |
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7. Take profit when you see one, don't be too greedy
This is very hard to control. Over the time one can learn but with lot of practice.
It's a pretty random advice if you ask me, especially if a newbie follows it to the letter. He invests 100 USD in his favourite coin, the coin goes up 1%, he takes profit and gets 1USD. The next hour the coin goes up another 5% which isn't uncommon especially for altcoins. What next? Go back in? Do nothing? Most of the time by taking small profit you are only covering the exchange fees. |
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I've never been a refugee but I understand how hard it had to be for you OP to see your country in ruins and knowing you cannot go there.
It's great that you were able to find a hobby that took your mind away from it all and gave you a new purpose in life.
It's a story of someone's life it's not OP's life. You are not reading carefully, aren't you? Anyway, it's kind of inspiring story on how he got his identity back since he's a refugee with no identification to show to the authority, therefore his movement is limited especially sending/receiving money. Luckily, Bitcoin did change everything in his life and he even got his identity again and not as an illegal immigrants. Thanks to Bitcoin he is now a well-known speaker in Europe. I thought he was posting an article about his own experiences. I don't know what OP's real name is and people often post articles as authors or about themselves. |
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Thanks again chaps. I feel a bit of a muppet but kind of went along with it as this is all new to me. It just didn't seem right though especially when they wanted money from me. No harm done this time except for a few wasted hours but it's been an education. I can see how people could fall for this!
Much appreciated.
It's based on the common practise of payment processors and exchanges that require you to prove that you're the owner of a fiat account and send a small amount of money to them, usually something like 1EUR or 1 USD. They had to make it worth their time so the amount is already significant at 200 USD and irreversible since it's Bitcoin. Let's hope people won't make those scammers rich. |
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Maybe I do not sufficiently understand your assertion that you would have thought that Coinbase provided much if any kind of security or confidence in terms of potentially splitting shitcoins, such as Bcash SV, especially given how they had approached the Bcash forkening in the fall of 2017... at first (around early August 2017) they said that they were not going to give the Bcash, and then (around October 2017) they said that they were going to give credit for the forked coins (ones held on Coinbase as of August 1, 2017) sometime after December 31, 2017. Then they ended up doing a surprise issuance of the Bcash on around December 20, 2017 and also fucked around with freezing the Bcash ticker price at around $9k while "innocently" proclaiming that the ticker just "coincidentally" got stuck there. That was some truly manipulative and shady shit that should have caused any potential coinbase customer to lose confidence in Coinbase's future treatment of forks.. Of course, if you were not aware of their bullshit and shady behavior in late 2017, as outlined above, then possibly you could have naively had confidence in their being a BIG business that should not (in theory) screw you in terms of forkenings... and even after all of their bullshit in late 2017, I recall ambiguous statements from them too, in regards to whether or not they would honor future forkenings and even their playing around with pre-announcement pumpenings of shitcoins that they might list in the future or their ongoing technical incompetence and refusal to improve aspects of their platform or their ways of performing bitcoin transactions.. so I am NOT sure how anyone can garner much if any semblance of confidence from those kinds of ongoing nonsensical crazy-ass coinbase statements and actions.. even some of the refusal of the CEO (brian armstrong) to use the word bitcoin.. hahahahaha.. ongoingly lost, distracted, perhaps incompetent and manipulative as fuck messages coming from coinbase for anyone paying any kind of attention to the matter.
I did not have an account with them in early 2017 and I did my Bcash split using Electron Cash, wasn't even aware of that shady behavior on their part. They sayd they would support BSV split so I went with them as I wanted to get my SV as soon as I could without having to play around with software that looked even more shady than coinbase's ticker freezing. The fork wasn't done as it should have been because I remember that it took them many weeks to actually credit BSV and then soon after they delisted it, so I had to move my SV to another exchange to finally get rid of it. I had some Bcash on Yobit at the same time and they forked much faster than coinbase despite their somewhat bad reputation. Once you delete your account, you should also email them and request that they delete all data that they hold on you. Their compliance with this will vary depending on where you live, and they will almost certainly keep some data for a number of years for "compliance" reasons, but no reason to let them hold on to everything indefinitely.
Thanks, I'll do that |
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This looks more like an ad for CoinCorner than a legit article. What I find a bit weird is the amount, 75% owning less than £1,000, and 5% now own at least one BTC, so the UK holds at least 2% of all the coins.  Maybe they meant 5% of those 2.6 million Britons hold 1BTC each. That would be 130 thousand Britons with 1 or more BTC so only 130 thousand BTC, which is clower to 1 than 2% but according to some sources who there might be less than 13 million coins in circulation as opposed to the official number of 17 million mined coins. |
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I treat my gambling money like waste that I can lose and forget about. This helps me deal with losses and appreciate wins even more.
My gambling coins are always coins I get for free from somewhere. Usually some cheap altcoins that I change into ETH or coins like BCH or BSV that I got for free as forks.
I try to keep my BTC safe and not gamble with it.
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Almost all exchanges support USDT, and it seems to me quite enough to trust it! Especially, as we have already written here, USDT are released not only in the ERC-20 network, but also in OMNI and TRX...
By the way, in March 2019 Tether stated that USDT is not secured dollars 1:1...
Does it mean that for you a coin that is accepted on many exchanges cannot be a scam? Even is USDt was not a scam does acceptance have anything to do with safety? You are exchanging your dollars into a centralized coin that tells everyone it's backed 1:1 when it is not. How does it make it trusted? |
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Yes. If something costs more than it makes. it's not an asset but a liability. It's not an investment. It's not a store of value. It's a liability.
So according to you miners who mine PoW Bitcoin are losing money? Last time I checked Bitcoin was worth more than it costed in fiat money to mine it. Add that it also confirms transactions and that there are fees paid willingly for every confirmation and you'll see that the ecosystem is working well. You pay for a transaction. What does it mean that your transaction costs more than it makes?  |
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You can always open separete positions with your friend's money and the exchange will keep track of everything for you.
You have 10 thousand and 3 thousand of his money. You want to go long so you buy a coin with 10 and then again with 3. When you take profit you sell 10 and sell 3 in a separate trade a few seconds later and you'll see how much profit you got from 10 and from 3. Then you simply divide that profit from 3 by half and add the other half to your 10 thousand pile. This way you'll keep ading his profit to his portion of the money and always have a clean record of every trade.
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Define burst posting. According to this campaign every poster who does more than 1 post in 4 hours is burst posting. I feel like this requirement was added on purpose to reject almost all candidates from the start.
They can have any requirements they want but we can criticize it. A 4 hour gap between posts is far too long and the reward is extremely low. It doesn't look like it's worth the wffort they require. To be honest I would agree. It does seem a lot to ask for from posters. A 1hour posting gap is good in my opinion but a 4hour gap means that they would have to wake up in the middle of the night to make a post before posting in the morning. Again there was a scam accusation against the project posted by another user here against this project. I would suggest bounty hunters to be careful again. https://bitcointalk.org/index.php?topic=5260728.msg54752751#msg54752751They don't have to wake up in the middle of the night. They would simply not be paid for most of their posts. It's a good way to make users earn money for only 2 posts a day because that's what it would come down to in the end. A campaign member would post for about 4-6 hours and produce maybe 10 good posts in that time maybe more but he'd be only paid for 2 making it cheap for the manager. |
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Some say the are no freebies in this world so you can forget about free money OP.
The only way you get free money is if you live in a welfare state and the politicians decide to give you someone else's money obtained from taxes for free.
Please focus on learning a trade instead of starting stupid threads asking how to get something for nothing.
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Why is it that so many are just aware of the term and yet still know almost nothing about it?
Do you think this has any effect on Bitcoins development?
I'm sure there are many topics you know very little about but can recall certain names. Like you've heard about cold fusion or quarks. Many people drive cars every day but don't know what a difference beteen 2 stroke and 4 stroke engine is. They know they have a catalytic converter but don't know what's inside or how it works. The influence on development may not be big but the one on adoption is significant. |
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I'm also a curent Coinbase user anmd have been using them to fork coins like BSV in the past since I did not trust the software that they provided. Coinbase was always doing great and keeping my coins pretty safe.
I haven't stored anything big with them but I value my privacy and will never send them any of the Bitcoins that I'm holding offline. I'll have to find another less shady platform. The plan is to stop using them completely by the end of the month.
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I've never been a refugee but I understand how hard it had to be for you OP to see your country in ruins and knowing you cannot go there.
It's great that you were able to find a hobby that took your mind away from it all and gave you a new purpose in life.
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Still far from being an ideal currency, I think bank will still exist in the future because you know government... There are so much to think of to achieve the ideal currency because we still don't have it right now. Fiat and btc has its problems, and between the two, fiat is still the efficient one, and people will still choose the efficient one. Volatility, private keys, slow transaction with low fee etc is a problem in btc, and I am not including the image btc has as currency being used illegally.
Banks will also exist because there are no viable ways of taking bitcoin loans and loans are the most important factor behind a successful banking. Fiat is also used illegally. This is one of the things you cannot change or control. Even credit cards can be copied and modified to be used illegally. Bank accounts can be made with fake IDs. Talking about it like it's a disadvantage of Bitcoin is a waste of time. |
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This isn't a popular option with wallet and their users because every feature that would allow members of your family to access your money could also potentially compromise the safety of your wallet.
It's all easy and clear when only you have access and there's only 1 person with private keys. Adding someone lese to the mix that would have to prove that you're dead to access the money would allow hackers to forge death certificates or social engineer their way into the wallet. Leaving your keys for your family to access could also make a burglar get his hands on them.
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Some say it has already been hijacked by governments and banks and there could be some truth in it because we all know that JP Morgan was buying Bitcoin years ago while publicly cutting itself from it.
For me it's both. A revolution in the way people understand money and private property and an evolution in payments.
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