Most of us who are beginners have heard of the term "seed phrase" but are unaware of its significance. A seed phrase is also called a recovery phrase in a simple note a seed phrase is just a random word generated. However, wallets allow users to access and manage the money they store there. As the name suggests, a recovery phrase acts as a password for your wallet, ensuring that you can always recover your assets even if your wallet is deleted or you experience device problems. In some instances, they refer to the recovery phrase as a master key. Full description of a seed phrase The appearance and creation methods it is automatically generated, and customization is not possible. A list of 2048 words is used to generate it. The seed phrase includes 12 to 24 words, such as man, jug, and other words chosen randomly from this list. The seed phrase manages all private keys. By enabling significant wallet cross compatibility, the BIP-39 enables users to load the recovery phrase into a new BIP-39 compactable wallet and evaluate all the assets inside of it. Recovery phrase / private key Despite their connection, the two share the goal of protecting your wallet. The recovery phrase is used to access accounts that have lost their passwords and provide you complete control over your assets, while private keys are intended to secure transactions and prove ownership. -Most often asked question: Can your seed phrase be hacked? A number of people have lost their valuables to crypto heists losing their money in digital currency is a nightmare, and losing your seed phrase means loss of ownership (a common adage is "not your keys, not your Bitcoin"). The seed phrase is made up of so many words that it is genuinely challenging to hack. Most often, however, hackers and scammers utilize techniques like the so-called PHISHING, in which they deceive victims into disclosing their seed phrase, which they then use to steal money from the victim. Ways to discover a PHISHING attack Most frequently, the fraudsters responsible for these attacks send emails to potential victims that are disguised to seem as though they were received from a credible exchange and contain links to phony exchanges or wallets. There are various methods to recognize a phishing email. -Copycatting -spelling or grammar errors -misleading links What happens if I lose my seed phrase? One of the major questions newbies ask The safety of your seed phrase is extremely important, but people keep getting hurt. If lost, there is nothing else that can be done to recover it. Avoid writing it in an open space, such as by pinning it to a wall in your room. Also, save it in a place where it cannot be destroyed by an element, such as fire. TIPS ON HOW TO KEEP YOUR CRYPTOCURRENCY SAFE -keep it offline. -And safe it in place so that natural elements can not affect it. -Avoid placing it on any board in your house. -More contribution. |
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Nigeria politicians their own Dom too much self so so bribe bribe,the country self the corruption too much. These old men wey dey lead us so, me I no see any good thing wey them get for head to offer Nigeria,na only to thief our money,oppress us ,intimidate us and give us false hope dem sabi. Nigeria need to see say nothing them get to offer. Its is high time we the youth use one voice tell this old men say na we get the country no be them again since them time don pass and take the country from their hand by voting for Peter Obi,if not our suffer still plenty and e must affect our children if we no use our head now o. well spoken bro this old men don take advantage of so many times and little to deliver see this current party no agender just embezzlement thats all they care about see loan wey nigeria they owe other countries , corruption have eaten deep inside us since after independence we they practice democracy but no freedom of speech , our politicians are cruel and selfish, we don get another opportunity to choose who we want , please lets come out and vote this 2023, even if na bike i climb i they always protest enough is enough abeg make we vote the right person we done tire and make we back am up with prayers.GOD go help. |
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In addition to creating programs that can take your money, con artists have always discovered new techniques to defraud people of their possessions through social media. Scammers have been a problem when it comes to cryptocurrencies; they have taken advantage of the decentralized nature of blockchains to fleece a number of cryptocurrency investors. According to the FBI, scammers used fake apps to defraud crypto investors out of an estimated 42.7 million dollars. Scammers prey on people's interest in cryptocurrencies by making them seem appealing and legitimate.
Strategies used to lure individuals into downloading scam apps
- Social engineering: has an effective method where they utilize dating apps to disguise and entice their victims to trade on these apps once the fund is transferred by the victims then is no longer available to withdraw funds. Because social engineering needs minor work, this is one of their primary tactics for influencing victims.
- Recognizable brand names: the latest cybercrime reported to the FBI involved scammers attempting to persuade people to use the YiBit trading app, and the YiBit exchange stopped all transactions in 2018 as a result of numerous complaints of funds being transferred to the fake app they are using extensively. Scammers use reputable brand names to promote there fake apps since those brands have the full trust of individuals they hide using the brand as undercover in using the apps. Scams have caused millions of dollars to be lost.
-Fake apps being promoted through legitimate app stores
There are many apps that are uploaded to app stores that are used for scam activities; some of these apps are used to gather data about your wallet or any related cryptocurrency account information. App stores like the play store check apps frequently to remove apps that have trust issues, but some of these apps manage to get past the checks. A false trezor app was being uploaded to both stores, and users who downloaded it were required to share their seed phrase in order to access the app's functions. Futures on the app allowed these scammers to flee with people's money. Numerous instances of con artists stealing money from victims using fraudulent apps.
Different digital businesses are attempting to educate people about security and various methods of keeping your money safe.
How to spot fraudulent cryptocurrency apps.
-spelling, description, and icon.
-Application permission.
-The number of downloads.
-Read reviews
-Confirming authenticity by contacting support
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Since the market is currently experiencing a bear, you should accumulate rather than panicking. Additionally, Bitcoin is not for impatient people; you should be disciplined to hold despite the state of the market because Bitcoin will bounce back in a short period of time.
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When it comes to the problem of social media scams, especially on Telegram, where multiple people posing as women and serving as support on various exchanges, most of us learn from experience, it is crucial to exercise caution. We should be very aware of scams as they are quite strategic. NOTE: Don't give out your private key and know what project to invest in. I once fell for a social media scam when I received a message from an unknown individual seeking to introduce me to an investment and requesting USDT.
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Username: Questcry
Country: Nigeria
Skills: freelancer, Bounty hunter
I haven't get enough experience but hope to learn more in this forum, i want to know how e dey b to collect merit, ever since i have been participating in Bounty Campaign all the one have done that benefit me most comes from CryptopreneurBrainboss
All thamks to him
I will happy if my message get to him well
And i really appreciate my pipo wey dey here, their contributions make my belief strong and keep me going, i want to be sure what great thing it will comes out of it
Welcome on board brother and definitely you go enjoy your stay here because na were me self the get some kind ginger be this people for here always they ready to help one another na one of the advantage wey they here be that, u go learn plenty things, cause you keep learning from this place every day, na new things go come your way once again welcome brother one love, one Nigeria and stay safe. |
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Floods are not good for the environment, are hazardous to life, ruin property, leave many people homeless worldwide, and have become an issue for the government that is difficult to solve. Most of this is a result of our actions; climate change, flooding, the loss of cultivated plants, and a reduction in the availability of food all have a significant impact on the economy.
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nice post Most people mistake being successful for being wealthy and famous. People will go to any lengths to acquire wealth for a variety of reasons, including oppression or either way. However, successful people don't pursue wealth; instead, they identify problems and develop solutions. This is what separates successful men from those who are after wealth.
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It's profitable to have a mining farm, although I don't know much about it. Being a miner has its challenges, particularly when it comes to the use of electricity, but the cost of usage in different countries varies and is actually profitable. Personally, I don't believe in putting all of my eggs in one basket and instead i believe in having multiple sources of income.
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I've heard opinions that government jobs just pay for your time and you earn less, and we all know how important time is because you can't do much because of work, and standard of living is becoming more expensive, it's also not bad to have a government job and also invest in projects and also trading cryptocurrency and with time there are more to be unveiled when it comes to crytocurrency as a whole and the internet is taking charge people are earning a lot from the internet from when covid 19 people are becoming more exposed to earning from internet and crytocurrency.
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The struggle between the decision of being your own boss and working under someone is becoming more difficult to make as economic situations become tougher. From evaluation around me, self proclaimed entrepreneurs are quitting entrepreneurship because of difficulty in maintaining a business and reduced sales due to reduced purchasing power from people, an effect of the economic situation. Office workers on the other hand who also have been on one salary grade for a long time now are becoming fed up with how their monthly salary is no longer sufficient to secure a comfortable lifestyle for a month also due to the higher cost of living. What do you think is the way forward?
When it comes to having a business, it has its own obstacles because of things like the rising cost of living in our country, which makes it difficult to pay for things like utilities, transportation, and food with the little money that is earned. -Facilities. -Government program and policies that are inconsistent. -Many different taxes and levies. -Dumping and undue competition. -No exposure to technology. -Inflation. -Increase in exchange rate. What do you think is the way forward? Every person should, in my opinion, have a budget and multiple sources of income. You can work as a civil servant and also run your own business, provided you know what kind of enterprise to start and what kind of environment it will thrive in. You should also research the area's needs before developing a business plan because great entrepreneurs are known for their ability to solve problems. Actually, starting your own business is not a bad idea. |
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Oboy eh, the way you copy quote the whole wall of text fear me o. I even dey think say na you be the original poster am. You sabi say, you nor need quote everythin before you drop your comments. Just copy the side wey you wan react to then, drop your comment. Do find the time to read through this important thread on Bitcointalk posting etiquetteOkay thanks brotherly make I go straight up make I go observe that link na make I go through am learning everyday when I observe am finish I go learn from am once again thanks for the correction na why I like they here be that cause you go always learn make I enter that side. |
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Fantastic initiative It's good to know that you have promoted bitcoin by using your position. I would be delighted if you included Nigerian bitcoiners in a panel discussion the next time you go on the air. Additionally, it would be wonderful if you could discuss bitcoin in relation to the economic situation of the nation. I say this because I think that people want to be part of things that they can relate to, such as bitcoin in relation to how much money they earn each month, bitcoin in relation to the value of the national currency, bitcoin in relation to the inflation rate in the country, etc.
Wow, what a fantastic idea! As I previously stated, I'll make an effort to come up with something when the topic is discussed again. I'm noting down details like the relationship between inflation and the value of currencies, which I greatly appreciate. And I'll do more the next time because your gift will go a long way because our station has one of the longest ranges in my state. |
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snip
From your points, I would say accumulation is the most important and the sensible thing to do. Invest what you can afford to lose during the bear market. Invest what you won't need in the future. Don't sell anything during the bear market. Keep holding until the bull market starts and you reach your desired profit goal.
Yeah is actually one of the best strategy when it comes to managing bear the period should be wisely used upgrade your portfolio invest into good projects to keep for raining days accumulate more , like it was stated keep holding your target should be met that’s the goal. Only those who sell during the bear market makes the loss. They look at the charts, they get disappointed, they panic, and then they end up selling. Most likely they sell because they invested what they "can't" afford to lose.
You should hold no matter the condition of the bear I always encourage people to get different means of income , so that you won’t fill it that much so no matter what HODL , because people are usually scared when it comes to be so most people will want to sell , and Don't loan to invest since no one know when bull run will start. |
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you for done get plenty knowledge when it comes to this election matter me self go like run make i get the experience to oh i go check the application make i see how e go be , i no say mangu mangu go they because most of this aspirant go wan do anything to win i pray make inec install monitoring devices to see say everything they go well , come to look at villages nko they no to get enough idea about waiting they happen for wee country so , enlightenment no go bad as inec staff. |
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