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At first I really expect that Bitcoin and other cryptocurrencies would go down in value because of the pandemic. However, it’s the other way around and it’s actually going up. Expect the unexpected and I’m a bit surprised by it. Bitcoin, Ethereum and other cryptocurrencies are now unstoppable because we are transitioning to virtual and digital ways of making a living. This is where companies are starting to massive adopt cryptocurrencies, like Paypal, JP Morgan’s coin, Kraken’s crypto bank in the United States, etc.
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I'm considering to possibly add Bitcoin and other altcoins as a way to pay for goods purchased on my online store.
Is this a good idea? Are there any risks (other than the volatility)?
Is anyone really going to use this?
I'm afraid that my customers may not be much into cryptos, but I guess that it's hard to tell until you try ...
I also have some doubts on the technical side.
Thoughts?
Thanks in advance
I’m afraid yes. If you don’t want risk, then consider adding USDT as a payment option for your online store. It’s because Bitcoin’s volatility is extremely high. Not only that a customer pays for the exact product, but the transaction fee as well. Unless if both you and the retailer are having the same wallet and features that has zero transfer fees, I can say that it’s a good idea. Just saying. |
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The question is on how many hours a day do we dedicate ourselves to reach $20/day average on Axie Infinity? I’ve watched some Axie Infinity videos on Youtube, and there’s one guy who is playing like crazy for a day, and he only earned around $2.00. Maybe there are some techniques or tricks from these Filipinos who are earning $20 a day extra money on Axie Infinity. Will try to learn more how they’re doing that.
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I would prefer IEO over the other methods because it’s a guarantee that the token will be listed in that exchange after the campaign (regardless if it’s gonna pump or dump after that). However, not all IEO platforms are reliable and trusted. As for ICOs, most of them are scams and can easily run away with our hard earned funds. But with IEO, they can’t do that because they are forced to deposit tokens that will be on sale, pay the IEO fee plus commission from the exchange (unless the IEO launchpad does).
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This scheme is already common and I’ve seen those fake airdrops doing that from time to time. When I see an entry that requires “private key” to claim the airdrop, it’s a freaking scam. Until now, newbies and beginners in the crypto industry are prone to “shiny figure syndrome” when they see the reward for completing the airdrop without questioning its legitimacy.
And the sad reality is that it’s hard stopping them from getting victimized. We can only educate or give them advice, but we cannot really control them because of the “reward” that they see without checking if it’s legit or scam.
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I have friends there in United Kingdom and I hope they are okay despite the month-long lockdown. What I am not impressed about their lockdown measures is that when restaurants are forced to be closed, schools, universities and parks remain open.
I just don’t understand why they keep opening schools, universities and parks during the lockdown where it’s not suppose to be. It would contribute even more to the sharp increase of COVID-19 cases there.
Why don’t they just switch to online or modular learning? I’m sure it will help lessen the cases.
This is what the Philippines is doing now. Despite that tourist activities are slowly resuming, the country is more prepared than in the past few months. During the early times of COVID-19 here in the country, I was locked down for 2 months and not being able to go out of my house since only my dad has a quarantine pass to go out and buy essential goods as he’s the head of the family.
After that, we are allowed to go out like we used to, but not for leisure purposes (with the exception of coffee shops like Starbucks and Coffee Bean lol) but may need to wear masks, face shield, maintain physical distancing and proper hygiene.
I think UK and the rest of the European countries should start swallow their pride and learn from those countries like Taiwan who successfully contained COVID and not having a local transmission for like 2 months already.
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I think everybody heard that Paypal is going to add crypto into its wallets/services.
A word of advice:
If you are NOT a fully legal US or European citizen, your Paypal fiat and crypto funds are ALWAYS at risk. Paypal is famous about blocking fiat accounts and that paranoia will be ten times higher with crypto. Never have a lot of money in your Paypal accounts, both fiat and crypto. Use Paypal when you only really need to.
Remember the Crypto Mantra:
NOT YOUR KEYS, NOT YOUR COINS !
Keep your money to yourself, be your own bank as it was originally established by Satoshi.
Even that I’m a Paypal user for more than a decade, I would not try deposit some BTCs in their payment processor. And you’re right, not your keys, not your coins. Despite that it’s bullish and was introduced to millions of users worldwide, they are still controlling or having the custody of our money there. Plus, the risk of getting our accounts freezed even without doing anything wrong (when your BTC value was skyrocketing beyond their limits). I’ll stick to Ledger and Trust Wallet for now. |
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What's the best DEX for trading out there? Seeing all these centralized exchanges being taken down scares the shit out of me. https://www.reddit.com/r/CryptoCurrency/comments/jnorzr/bitmex_okex_kucoin_scandals_highlight_the_need/Uniswap is the most popular but only supports ETH tokens. Blocknet is integrating their DEX into their multi currency wallet: Xlitewallet.com - However its still in beta, altough it looks promising. Which DEX's do you guys use for trading, and do you use a VPN when doing so? I'd love to know! There is no such thing as the best “DEX” in the market now because almost all of them have the same features like integrating Metamask and Ledger, high transaction or gas fees, slow processes, etc. Although that DEXs doesn’t have any central authority having the custody of our tokens, there are many weaknesses of it. It is why most of the crypto traders prefer CEXs nowadays. |
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Almost all projects are cheating and refusing to give tokens at the end of bounty management. It's really sad that hunters work hard but they don't get tokens as a rule..
When the bounty is over, the team is making new plans so that they can easily escape by cheating.
I would like to say to all professional managers that Escrowed is very important and all of you should follow it.
Just in my opinion
Otherwise
1. Hunter will decrease
2. Team cheating step will increase
Totally agree about escrow as the undisputed solution between the project and bounty hunters for fair distribution. If most of the bounty hunters think that bounty managers are the “escrow”, absolutely not. Notable bounty managers like julerz are using escrow to make sure everything’s fair. This is something that most of the projects and bounty managers are not doing which their reputation is totally affected. Just saying. |
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today I only made 1 transaction and it all went normally, actually I have never used a trust wallet so I don't know how to cancel or increase gas
but if the metamask there will be an option "cancel" or "speed up"
cancel to cancel the transaction
speed up to increase fees
I find Trust Wallet much easier and simpler than Metamask and MEW because it is a decentralized mobile app where I control private keys and phrases. Plus, we can import our Metamask and MEW accounts here. I don’t see a “speed up” option in Trust Wallet thoguh in case transactions are delayed or still stuck. Is there also a transaction accelerator website for Ethereum transactions like the Bitcoin accelerator? |
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You can overwrite your transaction with a higher fee. It will automatically suspend the previous one if the second one proceed faster. However, I have never used trust wallet before so I have no idea what to deal with this problem. I think you can manually write a support form so as to recreate a new transaction.
Currently, there are high number of transactions on the network everyday since bitcoin has gained back its price and toward a new all time high. People might try to buy more ethereum and altcoins in order to be rich whenever the second pump comes
I was suppose to overwrite as you said. But now it’s not pending anymore and marked “success”. But for the other one (which I’m the receiver), maybe I should contact him to overwrite. Is it not gonna double spend for sure right? |
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Has anyone experience ETH congestion right now? I am trying to send my USDT20 from Trust Wallet to another one at a suggested fee of 18 gwei, but the process is taking longer than expected. Also, I have received token for my work, but as what I have checked the Etherscan, it’s already more than 8 hours and status still pending on the blockchain, and gas price was 27 gwei.
Is there any way to cancel the Ethereum transaction and restart it by spending higher gas fee? Or is this normal during the congestion period?
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The bounty campaign will be extended for another month. new tasks will appear:
- Talent show
- TIK TOK
Please wait.
Okay so can you update the bounty thread with the exact new end date since its extended for another month? Thank you in advance. |
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Question: For Youtube campaign, since it says that we need to show about making a deposit, do we need to spend money to be qualified for this campaign? Or we can just only show how to deposit and not actually making a deposit from my own pocket?
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Sorry to say but the reality is that you can't stop them. Scammers are everywhere no matter what industry you are in. The world is not 100% scam-free. They keep coming and coming, improving their scamming skills, etc. I know that they are learning some techniques coming from so-called "Scam Academy Paid Course" or something from the dark web.
It is we that should adjust when seeing scammers around the corner. We must improve and learn how to avoid getting scammed. And if they improve their scamming skills, we also level up avoiding them in order for our hard-earned funds to be completely safe from them.
These scammers are targeting mostly newbies and beginners who aren't experienced in dealing with scams, and it's so hard to stop them. What we can do right now is just keep educating and spreading awareness to the newbies and beginners in making them avoid getting scammed for good.
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This is exactly the life that we are experiencing as bounty hunters. I remember the time that when my colleagues introduced me to airdrops and bounty programs, it changed my life until today. Bounties may not be perfect for full-time work or career, but it did give us extra funds no matter if small, average or big if lucky enough.
But what are the realities that we're facing right now:
- Most of the seeds are not growing at all (failed projects and exit scams)
- Some seeds are not watered properly (tokens distributed but not able to be listed on exchanges)
- Some seeds start growing into small plants slowly, but eventually die down (tokens listed on exchanges but dumped after a short while)
- Only a small handful of plants are actually growing into trees but not bearing continuous fruits (tokens grew in value but only on a short-term basis)
- Only a very small handful of plants are growing into trees and bearing fruits continuously (token's price stable growth and strong liquidity)
It's better not to stick on one type of seed (token) to participate and promote. Diversification is very important by participating in more bounty programs. The more seeds you plant, the better chance you'll get a full-grown tree that would bear fruits (price pump and exchanged it to BTC, ETH, USDT, etc.).
Happy hunting everyone!
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