To put it simply — ang cloud mining is either a scam/ponzi scheme, or very unprofitable(in the mid-long term). Kung gusto mag mine ng bitcoin or any crypto na PoW, go buy mining hardware.
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Trezor has a sale. official website is trezor.io
the model 1 is 30% off
the model t is 15% off.
@ op A thread with a lot of sites for BTC gear would be cool
Ledger has a promo as well. You get like $20-30 cash back in bitcoin for purchasing a hardware wallet. Sounds stupid though — they could've just decreased the price.
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The way I see it — knowing that privacy with Bitcoin (and on the internet in general) takes a good chunk of extra steps(and requires a good amount of knowledge) to achieve, people just end up turning a blind eye. This is why we need privacy by default(or at the very least to be as easy as possible).
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I have now been investing in Crypto for 10 months and its been a test of patience thats for sure, feel like I have entered in a bad year with lots going on causing these bad times and low prices we are currently seeing.
Guess what — 10 months is nothing when it comes to Bitcoin/crypto or investing in general. Want to succeed in this space? Get used to patiently waiting for years and years.
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He's just so atrocious that I'm convinced that CSW, Ayre, and friends are just betting that the judges are idiots(if I were to guess, most are tech-illiterate).
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It matters less which companies accept bitcoin; what matters more is how much payment volume Bitcoin payments are getting. Companies can easily revoke access to Bitcoin payments.
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Re: BTC is likely to head towards a price of $13,000
Apologies for being harsh, but based on what? Is it just a number you pulled out of your arse? Also, we've already been in a bear market for a while now. If anything, consensus is that we're going down more — it's not even an opposing opinion.
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If they go down — like hacked/insolvent, then it's a safe assumption that we should expect a heavily extended bear market due to how big these entities are. Does it mean that bitcoin/crypto will die? Definitely not, just that people will be generally uninterested for a while.
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Recommendation: Google some photos of "Bitcoin accepted here" and "we accept Bitcoin". You know, those with the Bitcoin logo. It's simply just more appealing. Something like this:
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I really can't tell from the picture, but I hope your nephew isn't like too young for you to introduce Bitcoin. Personally, I'd say a minimum of 15-16 years old. Any younger than that, they would probably have a hard time understanding as they probably don't even have a slight idea on how traditional currencies work.
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If you are holding any crypto on exchanges. Cold storage all that crypto. Get an old laptop or desktop you never use and use Electrum for BTC or use MyEtherWallet for ETH and ERC20 tokens. Don't connect that laptop to the internet and you got secure cold storage. If you have a hardware wallet then use that. Heads up: Just buy a Ledger/Trezor hardware wallet. I don't think most people can confidently and properly secure a computer, even if it's not being used for daily personal usage.
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DCA is not a trading strategy, it is an investment strategy. In trading, you can use averaging.
Or specifically, twapping (Time-weighted average price). As for the article OP linked, there's no way to sugarcoat this — but it's total utter crap. And what makes it worse is that it's a "crypto signals" service.
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It might be true that there are genuine and reliable cryptocurrencies but how can they be identified. Are there some indicators that might prove that they are not fraudulent or scams? The sudden failure and disappearance of some of these coins are very fearful and discouraging. And from all indications, there are no cryptocurrencies that have the same attribute as bitcoin. That's why I have always discouraged people from investing in other coins.
In the first place, you don't find cryptocurrencies that are trying to be/beat Bitcoin. That category is pretty much decided. The only investment-viable cryptocurrencies(in my opinion) are those that are acting like pseudo-shares. As for indicators, heavy background checks on the team. But having a reputable and transparent team doesn't automatically mean it's not a scam — it just brings the chances down by a good amount.
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I'm not 100% sure if I totally get what you're trying to say, but you're probably getting mixed up between centralized/decentralized and custodial/non-custodial.
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Something like a self-proclaimed title. Ang siste pa, hindi ang local or national government ang nagproclaim kung hindi ang isang non-VASP licensed company. It can be ignored since isang marketing ploy lang naman ito ng Pouch.com
Yep — it's pretty much a marketing ploy (a smart one), to grab headlines from mainstream media. Ang nakakatawa though, mukhang kokonti lang ang local media platforms ang may articles concerning Bitcoin in Boracay. Puros sa foreign news sites ko nakikita.
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For such a huge company, CZ went too amateurishly impulsive with this plan of his. I couldn't see how CZ and company didn't foresee how excruciatingly terrible of a PR move this was. Like, of course the Bitcoin/crypto community would push against it.
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A huge majority of cryptocurrencies are scams, but not all are scams. A cryptocurrency dropping in price(or going to zero) doesn't automatically mean it's a scam — it can also mean that it simply just failed. Just like how a lot of businesses, companies, and projects(startups) can fail.
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1. Marami lang ata tayong users dahil sa hype ng Axie Infinity nung 2020-2022 (na obviously nag die down na today)
2. Ang isang blockchain project(unless local centralized exchange/platform ang pinag uusapan) ay hindi naman kailangang maging based sa isang lugar o bansa, dahil ang isang cryptocurrency project ay dapat na global at trustless by default, kahit pagdating sa developer teams
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I've not use GMX or GAINS ( gTrade ) what do you think about these two? Or which one are you using right now?
Been using GMX now for a while without any problems. What's great about it also is that it scrapes prices off multiple big centralized exchanges, hence you wouldn't get those typical scam wicks(that ends you up getting liquidated) you see on specific exchanges(I'm looking at you, FTX) as prices are averaged. Can't say for sure about Gains, but it should pretty much act the same way as GMX — with the difference being GMX being on Arbitrum and Gains being on Polygon.
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The moment you make deposit on exchange things can turn sore for you. The best solution is to start using a capable Dex for trading.
Definitely not totally against DEX's, but DEXs pose their own problems and risks — bugs, exploits, and rug pulls. I'd say overall the risks of DEXs and CEXs are slightly similar. But regardless what your choice is, only allocate a minor amount of your total bankroll as to prevent yourself from being a victim.
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