How do i start building Bitcoin wallet as a service?
It depends on your experience in programming, you do not need to start from scratch, but you can build a built on top of electrum (last version -4.2.1) wallet library or any open source wallet, but the real question is what is your goal? There are so many free, open source, well-reviewed from expert so that you'll need something special to convince others to download Your Service.
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The economic situation is now complex and has many variables that control it, so it is a mistake to build economic thinking based on interest rates or cheap money, especially since inflation comes from several factors as: - supply chains.
- energy prices.
Which may decrease for reasons such as stagnation >> may lead to a decrease in the price of energy >> leads to a relative reduction in unemployment, or the exact opposite due to supply chains that will lead to an increase in prices >> means an increase in inflation. Unless those problems solved, predicting the economy will be difficult.
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We can't say to someone doesn't sell, we don't know the situation he's going through, but "as long as you have a choice to sell or keep bitcoin, it's better to keep it no matter how low the price is."
Therefore, do not sell at the moment unless you need cash or, for example, follow a strategy such as Short Selling, or you want to start investing and buy Bitcoin after several months (since we are in a quiet market, the price will be close to the current price for several months.)
All will lead to losses if you do not have a clear strategy.
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Forex traders rarely change their investments, meaning if the euro falls, they will buy more of it or buy Pound sterling, Japanese yen, Swiss franc and others, but they rarely go to gold, real estate or other investments, including bitcoin, so everything that happens in the currency market will not affect the bitcoin.
The effect may be on the price of bitcoin in the euro because I believe that most trading pairs are in bitcoin and therefore the increase in the price of bitcoin against the euro will be logical.
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Is the use of the word "SWAP" correct? I used to think that swap is often used when you want to exchange altcoins with each other, and trading for bitcoin with altcoins is not swapping. CoinSwap is a cryptocurrency exchange protocol designed with the aim of creating a cryptocurrency exchange platform in a decentralized way. Why not try any of those central exchanges and withdrawal it to your wallet. look at withdrawal fees here https://withdrawalfees.com/
Off-topic: Trustwallet is closed source wallet and its better to move your BTC to well reviewed open source one.
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I think that the reason is that media institutions and governments did not start the race towards the Internet, centralized media, and social media until recently. Therefore, the user has gained credibility in the news that comes, because it is again devoid of false promises and bears true feelings, because it is mostly ordinary individuals and not politicians or media professionals trained on Reporting and dealing with the news. At home and by doing a quick survey, you will notice that the sitting time in front of the TV screen to follow the news has decreased significantly. The chart below is for the last two years, which is the "stay at home" year. Source: https://www.marketingcharts.com/industries/media-and-entertainment-225036
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Do you think the current DeFi security system isn't ready to protect the money of investors? Or is it just an inside job disguise as crypto hacking incident?
What baffles me is how hack verification is done, I understand that large platforms will not take the risk of inventing a hack story but can we deal with the same credibility with smaller platforms? how can verifying the accuracy of these total number of hacks, as many platforms fake trading volumes. Stories like the CFO has passed away and there is no access to the private key, as QuadrigaCX case ( Mystery of crypto CEO who died, taking $250 million with him. and Stablecoins that can freeze coins inside wallets Tether Froze $300K of Stablecoin Hacked After Victims Left
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Better to say, be skeptical, research and not easily believe. Many people try to appear as if they do not need money to send money to them without fear of losing your money, so I personally avoid sending money to anything that suddenly sent me and asked me for a service or getting to know him, send money and invest.
What would I gain if I were to talk to the CEO of an unknown company or lend them money?
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Why do I feel that what will happen will be like this: - Agree on a global minimum crypto tax of 20%.
- All platforms, companies and services that offer crypto services are required to do identity verification for transactions over a thousand dollars.
- Recognize these currencies as assets, not money.
Then all you need to do is increase taxes and keep track of currencies to put the market under your control.
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All these problems came before Central Bank Digital Currency (CBDC), which will make the cancellation of fortunes is a few clicks on the computer. We must deal with news from China with some caution some of it bias like the author focused on violence more than the cause. Back to the main topic, some banks have a clause on freezing cash transactions, so expect that you will not be able to withdraw your money, and there is a similar story in Lebanon ( Lebanese cannot access money in banks since late 2019) so you should avoid put all your money in the banking system.
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I am still in the learning stage, but I benefited from some of the topics related to technical analysis in the forum, which helped me avoid some losses: Thanks @ImThour this is an example of what technical analysis can do in the long run. Day trading is profitable if you reach advanced stages in technical analysis and you have an intuition of how the market moves otherwise, you are risking with your money and you will make losses.
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Before you start identifying support and resistance strategy, you must sticky the following ideas: - It is impossible to predict Bitcoin price in the short term.
- Don't try to place buy/sell orders at support and resistance points but center them around it.
- In normal situation there are some psychological levels that are rarely broken when this happen we can guess a rapid changes.
Tracking historical patterns is better rather trying to analyze current data, so I advise you to track some historical data first. currently, support and resistance are forming, but we can say price will swagging between 14.5 >> 1.75 >> 21.k >> 24.5 >> 28 >> 32.
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Currently, the number of Bitcoin ATMs by country can be seen at https://coinatmradar.com/countries/ shows an increase in usage. Will the number increase or decrease due to the impact of the projected global economic recession that will occur in the future?? It depends on the fees, if low fees apply, I have no objection to using these ATMs. There are some Bitcoin ATM machines ( Bleskomat: The next generation Bitcoin Lightning ATM) that accept lightning payments (no on-chain fees) that make the fees low and confirmations are instant which means more users will use them, imagine paying 201 and getting $200 (a dollar fee). The Bleskomat ATM uses Lightning payments exclusively, so there are no on-chain fees. Instead a small routing fee is paid to route the payment thru the Lightning Network until it reaches the recipient. To send Lightning payments is much cheaper, typically less than a single cent. At this moment it is only useful in hotels, airports,malls, and hospitals. Read about LN ATMs: https://www.bullfrag.com/this-bitcoin-atm-supports-lightning-and-you-can-put-it-together-yourself/
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I did not follow the story, but did some amounts will be deducted, for example, as taxes or fees, or it will be afull refunded? We have a similar case when Luna dumped about 80,000 bitcoins to the market ( 80,000 Bitcoins Dumped By Terra's LFG Quickly ) but the effect was immediate so if there was bad news it would have already happened. So my guess is we'll see a rise.
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We have a similar topic that you can check out here: U.S dollar almost equal to EuroIt is too early to start analyzing what is happening, we are in the middle of an economic crisis and it is too early to reach conclusions about the biggest winners or losers. when the war ends and life returns to normal, we can talk about winners and losers.
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I read this news several months ago and it's recurring again, it seems that binance is trying to find a legal framework in the Philippines but so far it has not found, this article is a few weeks ago ( https://www.coinspeaker.com/binance-operational-licenses-philippines/) Yes, they can be banned in the Philippines but I think the state will allow them whenever the license is available and I don't think Binance will not comply with the legal process, so it's hard to see their ban soon.
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i can understand removing BCH and others because(well obvious reasons apply).. but removing litecoin. hmm seems like its sending a message that LTC is a crapcoin..
Probably because of last litecoin privacy update ( Explaining MimbleWimble: The Privacy Upgrade to Litecoin). I think they don't want to get into any privacy issues with investors who often shy away from privacy coins like some exchanges does. no new assets were added, some crypto assets were excluded (sold),
Are they forced to sell? I mean they have financial problems or have they lost hope in these currencies.
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All analyzes that are related to adoption in a direction and analyzes during the last 3 months in a direction and future analyzes will be completely different, there have been substantial and continuous changes in the past months, so relying on previous data would be wrong.
It will take a few months to notice that everything is completely different.
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I became less confident in Glassnode's data, for several months and their data continues to show that we are in a good position and more cash flow is coming, but the negative data is much more than the positive they are trying to distribute. I am not saying that their data is wrong, but it is wrong to rely on them in taking investment steps.
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