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November 05, 2024, 05:15:56 PM *
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2541  Other / Beginners & Help / Re: What is Bitcoin Mixer used for? on: November 28, 2022, 05:33:40 AM
If you "mix" your bitcoin, it pretty much makes your bitcoin's history significantly harder to trace assuming you're using a good mixing service. The downside being some exchanges blocks deposits from mixed (or "tainted", as most of them call it) bitcoins.
2542  Bitcoin / Bitcoin Discussion / Re: FTX drama stressing people for no reason | How to stay neutral on: November 27, 2022, 08:05:33 AM
I get the whole FTX issue, but if you really are into Bitcoin & crypto, then why haven't you kept your exchange wallets in check? I personally almost never used exchanges. P2P is what bitcoin is really about.


If you trade bitcoin/crypto — especially with leverage, then you pretty much have no choice but to leave a chunk of your bankroll on FTX or whatever exchange. The only problem is if people leave funds on exchange unnecessarily(with funds not being actively traded).
2543  Alternate cryptocurrencies / Altcoin Discussion / Re: I will support Elon Musk if he creates a stablecoin for Twitter on: November 27, 2022, 07:03:06 AM
1. Creating a stablecoin for a specific platform is a waste of time

2. The stablecoin needs to be backed by something. Elon obviously can't just pay people $1m per day as the stablecoin will instantly nosedive in value regardless if it's backed by something or not

3. You probably need to spend more time in understanding how markets work
2544  Economy / Trading Discussion / Re: Long term Crypto winning strategies on: November 27, 2022, 06:47:03 AM
Easy: dollar-cost averaging bitcoin for years and years

Intermediate: do heavy research on crypto narratives that would likely go hot, and wisely pick likely-undervalued coins/tokens in that category.
2545  Other / Beginners & Help / Re: Is it possible to get bitcoins for free? on: November 26, 2022, 02:00:31 PM
What apparently no one takes into account is that these questions are mostly asked by very young people who cannot yet do anything "productive" nor can they legally buy BTC because they are underage. Sometimes it may be better to spend a little time on something than to invest directly, and besides, there are much worse ways to waste time, such as watching TV or playing games, which have become the daily routine of a large number of young people.

I guess being underage is a totally valid excuse.

Still though, if I was underage, I'd rather play online games(like RuneScape) with sell-able in-game items. Some games can make you earn decent money(if you're in a 3rd world country) if you have a decent account and a decent in-game moneymaking method.
2546  Other / Beginners & Help / Re: Should I invest in cryptocurrency or start my business? on: November 26, 2022, 11:32:49 AM
Obviously the answer would depend on a lot of factors(do you know the industry, is the idea good, etc), but 80% of the time I'd say go start a business. You have more control over the business compared to buying cryptocurrencies; and add the fact that a business would actually give you cash flow.
2547  Other / Beginners & Help / Re: Is it possible to get bitcoins for free? on: November 26, 2022, 11:17:03 AM
It's not "free" though, isn't it? Not because something takes little effort doesn't mean it's free. You're still wasting precious time that you could be using for something else far more productive.
2548  Other / Beginners & Help / Re: Consistency is the way out. on: November 26, 2022, 08:01:58 AM
The answer is,"consistency is the way out of unnecessary pressure in the forum".

Why would anyone even be pressured of Bitcointalk? It's literally just an online community forum that consists of people that are interested in a digit asset. We don't even show our faces and stuff.
2549  Other / Beginners & Help / Re: Tips to Becoming a Successful Holder on: November 26, 2022, 07:42:50 AM
A person who actually knows and has conviction in what he/she is investing(bitcoin or any other asset) in doesn't really need "tips".
2550  Other / Beginners & Help / Re: Bitcoins the step to wealth. on: November 25, 2022, 05:01:29 AM
=The road to wealth is mostly cashflow, not necessarily an asset investment that's unproductive. It's heavily recommended to have steady cashflow/s first before buying something like bitcoin as bitcoin can't necessarily pay your bills unless you wait 5+ years.
2551  Other / Beginners & Help / Re: No one is left behind in crypto on: November 24, 2022, 06:40:36 PM
I don't think changing this would make much of a difference to many, since it's still the exact same asset being discussed.

It most definitely will. Obviously it's the same exact asset, but the main point is moving the decimal with the unit price. It's the same exact thing for decently-knowledgeable investors, but it can save newbies from getting deceived by low unit price coins/tokens.
2552  Bitcoin / Bitcoin Discussion / Re: Will the Government use the Blockchain as a tool for control? on: November 24, 2022, 05:55:03 PM
How do you see governments making use of the blockchain technology in a few years?

If I'm going to roughly guess — they'll take advantage of public blockchains to pursue people(not necessarily criminals only) who are careless concerning privacy(straightly depositing and withdrawing through KYC exchanges). With Chainalysis and such + carelessness, Bitcoin's privacy can suck really bad.
2553  Bitcoin / Bitcoin Discussion / Re: Would Bitcoin survive the apocalyse? on: November 24, 2022, 01:00:46 PM
If I were to guess — it's a safe assumption that by such an event, all money, precious metals, and all cryptocurrencies including bitcoin would likely be worth next to nothing. As for if Bitcoin would survive or not — it would totally depend on how bad the "apocalypse" is.
2554  Other / Beginners & Help / Re: FTX collapse; Once bitten twice shy on: November 24, 2022, 12:43:59 PM
1. Grab a reputable hardware wallet like Trezor/Ledger, then clearly follow the instructions. (NOTE: only write down your backup, don't store them digitally.)

2. Peer-to-peer exchanges that doesn't require AML/KYC like LocalCryptos.org

3. Go check out https://cryptosec.info for security-related stuff
2555  Bitcoin / Bitcoin Discussion / Re: Satoshi likes Pokemon and possibly where the pseudonymous is derived from on: November 24, 2022, 12:32:12 PM
Probably, but unlikely. As far as I know Satoshi is a pretty common Japanese name, so saying that Satoshi is a fan of Pokemon just because he picked that name is just like saying Theymos automatically likes thermoses.
2556  Other / Beginners & Help / Re: Hi guys, I'm new here on: November 24, 2022, 06:48:26 AM
Thank you I do have alot of questions tho, If you could check my recent post I was asking about bitcoin difficult. I don't know if you have any knowledge about it I sure do hope you do cause I'm finding a hard time understanding it thanks

I took a look at your post history. I'd say you need to just focus solely on Bitcoin first; ignore DeFi/Ethereum or the broader cryptocurrency industry for now. Bitcoin in itself can be difficult to grasp at the start to start with, no need to make it more complicated.
2557  Economy / Speculation / Re: Say. Bitcoins, not "cryptos" on: November 24, 2022, 06:25:07 AM
I invite friends to convey a sentence to convince themselves that Bitcoin is the best investment of all time.

Not necessarily. I could easily think of two that can beat bitcoin as an investment.

1. In a business or a gig, to give you a constant stream of income
2. Yourself. I'd say the knowledge I've gained in the bitcoin/crypto/investing/finance space is far more valuable than my financial gains from bitcoin/crypto
2558  Other / Off-topic / Re: Why Scammers and hackers target mobile users via text messages? on: November 24, 2022, 06:11:44 AM
Most scam campaigns mostly just mass send messages regardless if it's through email or text messaging. They don't usually make assumptions if this specific group are noobs or not — they just send the messages to all the contacts on their database.
2559  Bitcoin / Bitcoin Discussion / Re: Arming others with Crypto-knowledge for times of recession. on: November 24, 2022, 05:41:04 AM
Topics of discussion:
>Background introduction to cryptocurrency
>Types of cryptocurrencies.
>Volatility in cryptocurrency.
>ways on how to store cryptocurrency securely.
>How to purchase cryptocurrency.
>cryptocurrency  fraud and scams. Etc.

We've been getting a lot of threads about people teaching about bitcoin/crypto lately. Hopefully you guys put a lot of emphasis on both security and scams, as while bitcoin/crypto can be a great tool financially, it could end up getting people totally wiped out if something goes wrong.
2560  Other / Beginners & Help / Re: No one is left behind in crypto on: November 24, 2022, 03:28:43 AM
I've heard people grumble that they don't have enough money to buy bitcoin after hearing how much one bitcoin costs, but they should remember that they can buy them in fractions.

This is why I still advocate for using sats by default — to prevent the "bitcoin is too expensive" argument from newbies, then picking a sub $1 altcoin because "what if it goes to $1000".
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