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2561  Other / Beginners & Help / Re: Is post and activity the same? on: December 13, 2021, 12:52:47 PM
Sincerely speaking, someone with just 4posts count is not supposed to discover that post is growing more than activities.
They technically do not have to discover it using their own accounts, reading through the forum and viewing other users who have a disproportionate amount of activity and post is enough to stimulate curiosity and cause newbies to ask.
On their own account, they can also notice the time gap between when activity matches up to posts.

I'll rather advice you pay attention to the most important of them, that is the merit. Thank you.
I'll wouldn't advise hitting newiws down for their curiosity, a lot of the forum is confusing to new members and they should feel free to ask questions whenever they get confused. Merits should not even be focused on as it causes some users to write simply for that purpose.
2562  Bitcoin / Bitcoin Discussion / Re: Exactly how does BTC development go on, if the current group all quits or dies? on: December 12, 2021, 09:11:05 PM
And if there is uncertainty about who is in charge, then what happens? Do we have a plan in place now?
There is no "in charge" when it comes to the bitcoin network, rather it is built on consensus rule. There is a technical head of the development team, but it is all open source and any change would need the support of the community (other devs, nodes, miners) in order to get approved. Disagreement at this stage could lead to a soft fork or a hard fork in some cases.

Bitcoin core is not an elected position, but voluntary, if you have some programming skills, a passion for improving the network and resolving issues, you can be a part of it.
2563  Other / Beginners & Help / Re: Exchanges dont allow third party transfer, a friend cant send btc to my wallet? on: December 12, 2021, 03:04:29 PM
Please somebody enlighten me here.
Exchanges do not accept so-called third-party transfers when trying to fund a wallet.
Can you give a bit of backstory to this statement to this sentence, what do you mean third party transfers and what exchanges do not allow them?

AFAIK, you can only fund your exchange wallet (which you do not own by the way, as you do not have the keys) by sending the coins to the address from some other address, and there is no restrictions to that. If there should be any form of restrictions, it should be from using fiat and trying to fund your fiat wallet from the exchange using some other bank account not related to yours, or trying to withdraw in the same way.
2564  Bitcoin / Bitcoin Discussion / Re: One problem with BTC on: December 12, 2021, 06:13:27 AM
But what about equality humanity and try to be best for everybody some people are better off to let someone else taking care of their important things.
If you are better off letting banks take care of your important stuffs, then by all means you can do that. No one is compelled to get into bitcoin and hold it and bitcoin's protocol would not change cause of trolls. What you see now is what you get; It is built on a permissionless network and is a decentralized asset, giving the holder full control, without the need for a third party.


It has no owner if something happens who do i complain ?
If you hold the keys, you own the coin. that is the only form of ownership that exists with bitcoin. If something goes wrong, you learn from your mistakes and rue your loss.
2565  Bitcoin / Bitcoin Discussion / Re: Bitcoin will be the infrastructure of future human civilization on: December 12, 2021, 05:56:27 AM
I am looking forward to the time when Bitcoin can be liken or be replacing gold as a reserve asset of any country
While it is very possible for bitcoin to become a globally accepted reserve asset and would herald a new level of adoption, it is a development that takes a lot of time. Gold has existed for hundreds of years and has been in use for many of those, first as a symbol of wealth and means of exchange, then as a reserve asset and a hedge for traditional currencies; Bitcoin is barely over a decade, making it a relatively new asset which is still in its development stage.

Also, Bitcoin is far more resistant to centralization than Gold, so countries will be very hesitant to utilize it as a reserve currency as they cannot fully control it.
2566  Economy / Economics / Re: Did you realize in real life how Bitcoin gave us financial freedom? on: December 11, 2021, 09:18:39 PM
A few days back I went to the bank to withdraw my deposit. That amount wasn't much big though, but the bank just asked me many questions. And surprisingly all were fucking questions. They asked me why do I need to withdraw and where will I spend.
That is their idea of providing security to their customers, it might be an invasive process, but it is the current situation we are at now; Similar to how websites would ask you to confirm you are not a robot if they identify suspicious activity. A controlled system is not the direct problem, but as with the internet, one needs to have an option to keep their privacy, especially if they feel they can properly handle their security and do not trust the centralized system.

I have personally not had a personal unfavorable encounter with banks, but being able to privately hold funds and transact is a major perk of holding bitcoin, considering that money is a major tool used to control the masses. Also, being able to send money internationally and have it delivered within moments without any third party.
2567  Economy / Economics / Re: US Real Estate Enters A Bubble For The First Time Since 2007: US Federal Reserve on: December 10, 2021, 02:18:57 PM
I'm not sure if I'm misunderstanding you or what, but bitcoin isn't a bubble, but that's not to say that it isn't or hasn't ever been in one.  Assets are never defined by them being a bubble, but rather are described as being in one at any given time--and I'd say that bitcoin has experienced at least one since its inception (the lead-up to December 2017).
You misunderstood me; I wrote that the idea of Bitcoin being a bubble has all but been debunked, meaning people used to have that idea, especially during the early stages of bitcoins development, but right now, that has been debunked or proven to be false.

I also added that "...and if used now, it would likely be referring to particular points in the market valuation and not the entire network." This means that if at all the term 'bubble' was used now, it would be referring to poins in the market valuation or increases in price, rather than the entire network itself.
2568  Economy / Trading Discussion / Re: BTC (or crypto in general) on: December 10, 2021, 12:48:54 PM
But we've to be realistic. Atm we got MANY things going on in the world that will have an impact on the cryptocurrency world. We got Covid19, Evergrande, politics, taxing, housing market, etc. etc.
All these you mentioned is not limited to Bitcoin or cryptocurrencies, but are global situations that impact any area or sector. Lots of global economies reached new heights in inflation during this pandemic and lots of currencies were devalued, Bitcoin actually faired better during the critical lockdown periods, over many other assets.

We've only got covid19 right now and it's causing us to dip for 20-30%.
Covid-19 was declared a global pandemic on the 11th of March 2020, and the price of Bitcoin then was almost $8k, the price now is $48k, after reaching a current All Time High of almost $70k. Where did you get a 20-30% dip from, except you're suggesting that's the reason for the current drop in price?
2569  Economy / Economics / Re: US Real Estate Enters A Bubble For The First Time Since 2007: US Federal Reserve on: December 09, 2021, 02:51:26 PM
It is interesting to me that we have metrics for identifying housing bubbles in advance. I can't recall this topic having been brought up before.
It is quite interesting, but have there been any records of it being used successfully to determine a bubble in advance before the most recent case where the warning began from Q1 of 1998?

A common urban myth in finance is the concept of bitcoin being a bubble. Could it be possible to devise a system of metrics which might identify the degree to which cryptocurrencies were actual bubbles? There doesn't appear to have been much of an attempt to quantify such claims made by Jamie Dimon and others.

If it were possible to devise metrics for identifying potential bubbles in crypto, what would they look like?
The idea of bitcoin being a bubble has all but been debunked, and if used now, it would likely be referring to particular points in the market valuation and not the entire network.
Bubbles to identify crypto bubbles would possibly assess trader sentiments through buy and sell pressure, evaluated price increase against the actual increase in the price and other possible criteria.
2570  Other / Archival / Re: Self-moderation in topics with financial relations on: December 09, 2021, 02:29:20 PM
I have been asking this question for a long time, why does the forum allow the use of self-moderation in those topics where financial relations are implied? Why? As far as I understand, the impossibility of creating a self-moderated topic is only in Meta. But why not enable this option in all sections where financial relations are implied, such as Goods, Services, Currency exchange, etc. In fact, the entire Marketplace section.
I can't remember all the other boards, but I'm sure the auction board does not allow users to open self moderated threads, and as mentioned above, there are reasons why the privilege is disabled on some of those boards as it allows users to moderate their threads and prevent spam, although so many of the top threads (especially in the services section) does not use self mod option, as the OPs are highly trusted and any spam there would be easily noticeable as such.

There is also a notification of the number of replies deleted by the thread starter, which should serve as an extra warning to members.
2571  Economy / Services / Re: [CFNP] BestChange Signature Campaign | Sr Member+ on: December 09, 2021, 08:21:52 AM
100 weeks is a little over 2 years and is a lot considering how tumultuous the early stages of the campaign, but it has proven to be quite trustworthy.
Honestly, I was skeptical at first to apply to join, but over the months I have been here I'm quite honored to promote this campaign and the service it offers; here is to another 100 days.
2572  Alternate cryptocurrencies / Altcoin Discussion / Re: Another pump and dump manipulation on: December 09, 2021, 07:59:06 AM
It would be interesting to know if anyone actually purchased, the value was probably within that range for only a few hours or less and could have been a failed attempt from a whale to manipulate the price by selling through bot accounts; This would definitely have moved the price greatly due to the insignificant market cap, but it is possible no one actually purchased at that value.

This is one of the risk in investing on new coins and tokens, they are gambling.
Lots of existing coins would also be gambling and there is a huge risk of a pump and dump, just make sure you do not buy into fomo.
2573  Bitcoin / Bitcoin Discussion / Re: Bitcoin Whale bought $150 worth of Bitcoins during the dip. on: December 08, 2021, 10:44:38 PM
Meanwhile, I found it hard to believe that the Bitcoin belonged to a single individual and it is possible that the wallet is a cold wallet of an organization or an exchange cause no one will dare save such an amount in an online wallet.
What part of the article said it was an online wallet? I personally doubt it's an exchange wallet, due to the nature of the transactions, but it's very difficult to ascertain.
If a whale isn't careless enough to store their bitcoins in an online wallet, an exchange would probably know that as well, especially for cold storage.

Aren't these people concerned about address reuse?
Not everyone is very private conscious, considering that the change address is always the same as the sending address in majority of the transactions (the ones I checked out). Probably, they are satisfied with being pseudo anonymous.
2574  Alternate cryptocurrencies / Altcoin Discussion / Re: HELP: Hacked Wallet on: December 08, 2021, 06:57:57 AM
Did you set up the nodes yourself or did you have someone else do it for you?
Also, did you verify the extension being added, the Strongblock Ponzi or project is becoming quite popular and this is sure to attract scammers who would create fake versions to get into user's wallets.

Now that the MM wallet has been hacked, what should I do?Huh?
There's really nothing you can do as the coins are already gone besides checking for the loophole and ensuring it does not affect any other app on your device.
2575  Bitcoin / Bitcoin Discussion / Re: People say its ok to lose in crypto and btc but here is important message to all on: December 07, 2021, 07:17:06 PM
Didn't get the point of a huge part of your text, but you can always leave cryptocurrencies, it's an alternative sector and you can survive without it and deal with conventional banks.
If you're having problems picking what cryptocurrency to buy, or do not have enough technical knowledge to properly use it or you don't get why you even need it at all, you can always leave cryptocurrencies and stick with fiat.
2576  Economy / Economics / Re: Is there any change that protect crypto from fractional reserve style stuff? on: December 07, 2021, 06:15:00 PM
I don't think that we can use the same thing with Bitcoins. Fractional reserve banking might be hard if we are just considering bitcoins, since at the end of the day we have to understand the fact that, bitcoins as a whole are volatile and lending through 3rd parties can cause initial owners to have probelms since they might have to sell instantly because of market fluctuations. How do they decide to do that then ?
Definitely, that's why I said it can only be possible if Bitcoin is valued on itself like by purchasing power or work hours which would make it more stable than when it is purely determined by speculation.
Fractional reserve is definitely not possible in the current structure of the Bitcoin ecosystem and might not actually be possible in the coming years as it's still a very maturing system.

Fractional reserve banking might only work for fiat. With Bitcoins it might be a disaster in making.
It does not even perfectly work with fiat if you consider situations of inflation and hyper devaluation, it's just the current most efficient system.
2577  Bitcoin / Bitcoin Discussion / Re: Bitcoin platform on: December 07, 2021, 06:06:29 PM
i would like to invest in bitcoin but my knowledge doesn’t let me invest large amounts
I would say you are already on the right track as you're associating your investment with your level of knowledge and not buying simply cause it's popular and has grown over the years.
There are quite a number of useful threads on the forum for getting your feet wet in Bitcoin, you can check out this one for all you need on what wallet to choose
You can also check out this external threads which I've once recommended for someone;
This covers a good amount of Bitcoin basics: https://www.coindesk.com/learn/

This discusses about wallets and security: https://cryptosec.info/wallets/


My questions are Crypto.com good? when the actual price of bitcoin was at 35k the weekenscrypto.com was still selling 1 bitcoin at 35.9 so it seems its always inflated by around 7-900 pound compared to real live data of bitcoin on google
About Crypto.com, it seems to be a legitimate site; I've never used it so I cannot personally recommend it, but you should research on what wallet or exchange is best for you as it depends on your purpose of using it.;
• Exchanges generally are bad for storing cryptocurrencies, infact, any custodian platform (one that holds your private keys) is bad for storing cryptos.
• If you do not care about privacy that much you can make use of centralized exchanges, otherwise you can check out DEXes or P2P platforms which does not require KYC,
• Online wallets are not recommended,
• Closed source wallets are not recommended.

Also when i buy percentages of bitcoin on this app is it safe in my wallet? Does it still accumulate profit in my wallet or have i got to do something else to store my percentages of bitcoin??
It's much safer to store your coins on a non custodian wallet, which does not accumulate from just storing it. Some platforms offer interest on staking, but it's generally not safe.
2578  Bitcoin / Bitcoin Discussion / Re: How to improve a bitcoin site's Google ranking on: December 06, 2021, 10:20:06 AM
Getting a marketers who has knowledge of SEO would be a good first step as they would be able to use available tools to get your product more traffic. Or you could also take some courses on SEO (Search Engine Optimization) in case you want to manage it yourself.

Five weeks is quite short and if you're aiming for organic traffic, it would take a bit longer than that to get desired results. You should also not limit your marketing to search engines, social media is a very good way to build traffic for your platform and stay in the loop with relevant trends.

Google is refusing to rank us for bitcoin terms, and it also doesn't allow me to run adwords campaigns, so we're struggling to gain any traffic.
Do you mean you cannot bid for specific key words, what reason was given for this?
2579  Bitcoin / Bitcoin Discussion / Re: Bitcoin - Is HODL the only strategy? on: December 06, 2021, 06:38:02 AM
While I get your point of view, there are times like this that I regret not being active in trading. For instance, I could have sold my BTC at ATH, a few weeks ago, and now I could have obtained a significant amount of BTC, by purchasing, using the exact same amount of money. It's called short-trading, while at the same time, I would continue holding.
You say this cause you are viewing it retrospectively and have seen exactly how the market played out over the past few days, predicting what direction it would take in order to know when to short is not an easy strategy and you would definitely lose out so many times. Everyone is a good trader when they have seen how the market plays out.

On the other hand, there are quite a few things that can go wrong, such as an unexpected price change and so on, however, now I'd definitely have more Bitcoin.
You think so (the highlighted part), because you're viewing the market retrospectively, attempting to predict it before it happens is much more difficult and risky.
2580  Bitcoin / Bitcoin Discussion / Re: Lost Bitcoin a donation to everyone on: December 05, 2021, 06:58:45 PM
should we take such accidents as a donation to Bitcoin holders?
Lost bitcoins lead to a reduced supply and a thinner supply flow against demand usually results in a increase in the price.

Does it really benefit other holders? I would say it is a zero sum game; Firstly,it's a regrettable situation for one to lose access to their bitcoins due to carelessness or ignorance and it presents a risk that could demotivate some from getting into bitcoin; An average Joe would not want to be entirely responsible for their assets, where one wrong move could result in it getting lost.

Secondly, determining what bitcoin are lost is purely down to speculation, except the holders come out publicly. So adding some more couple thousand bitcoins into the lost pool which cannot be determined does not do much for it to be a benefit to other holders.
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