It is important to keep your Bitcoin safely. It's your private key. - https://notyourkeys.org/
- In order to own private key, you must use non-custodial wallets.
- Recommended wallets
- Verify wallet first, before using it to store your Bitcoin. Because if you download a fake wallet and use it to store your Bitcoin, your Bitcoin will be stolen
- Back it up safely and offline. You should have multiple backups and have methods to keep them safely from water, fire, physical damages, etc.
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I find no wrong in your decision and that is not totally a mistake, Because you did what assurance need to take place , no one knows what will be the price tomorrow, so that action is best than not getting any profit at all.
if we only knew the price in the future of course we will never sell any of our coins and will buy and buy more right? but it is not the reality here.
We are not market makers, we are not governments so the best strategy is take capital back as first priority. Then we can gradually take profit and if we are strongly believe in future of Bitcoin, let's allocate part of our Bitcoin for next 10 years or 20 years or longer. It is like a ticket to become millionaire or billionaire. I said about itAnyway, in bad scenario, we won't lose our capital and already take profit to enjoy our lives. I have committed mistakes in the past when the price of Bitcoin Hit the ATH back in 2017 and i kept on waiting for more increase then what happened?
This is what all people have to learn in crypto market. When price goes up, they hope price will goes up forever and reject to take profit. When price falls down, they reject to cut loss and believe it's just correction after that price will rise and make new all time highs. |
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Is there anyone who used gleam for Airdrops or giveaways, Plz share me pros as well as cons?
Gleam basically charges you for adding on certain kinds of ways for audiences to enter the giveaway (e.g. use a specific hashtag).
Companies with Gleam account will create Gleam contests and include tasks for participants. Participants will have to complete given tasks and compete with others in order to win Gleam contest. Gleam has mechanisms to detect cheat activities. If they detect such, they will mark your task submission as Invalid. It's sure that invalid participants will be excluded when companies pick up winners for Gleam contests. There are multiple tasks company can include in Gleam. It depends on their needs and their Gleam account (Pro, Business, etc.) |
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All the draft messages get saved here. There are some limitations with drafts: 100 draft posts and 7 days and if you don't click on Preview or actually post it, yours won't be saved in Draft page |
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One of the ways I save my Bitcoin is by buying during the deep never looking at it again for over some time.
My advice is if you buy 1 Bitcoin, you should separate it into some pieces and have plan to take capital back first, then take profit with pieces gradually. To do this, you must invest in your own money, not loan, not leverage, etc. If you can split your 1 BTC into 10 pieces, and reserve 0.1 BTC for next 10 years, let's check back next 10 years to see whether with 0.1 BTC in 2032, you will be able to sell it with high value than 0.9 BTC you sell this year or next couple of years. The best strategy is taking profit in order to get initial capital back. For the rest of your initial investment, you can bet with your belief and the market. I have learned big from that small mistake of the past 2020-2021.
You did not make mistake and you should enjoy won trades or investments you have. If you feel you made mistake by taking profit too early, it's bad and will affect your next decisions. |
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NFTs are just digital art, music, video games, etc.
NFTs have multiple use cases and digital arts, music, video games are just part of them. In future, the NFT technology will be used in more industries such as finance, data storage (we already have some data scientific companies apply NFT for health records, etc.), land or human resource management, etc. Last two years, NFTs are hyped and cause people to think it as a scam trend but time will tell and above are my opinion. I aware that there are many scam projects were created recent months and try to abuse the NFT trend to steal money from inexperienced and naive investors. However, don't equate scam projects with good projects. They can be created by same technology but good are good, bad are bad and scam are scam. that are coded into the ethereum blockchain, correct?
Inaccurately! NFTs can be built on different blockchain, ERC20, BSC, SOL, DOT, Polygon, AVAX, etc. The trend is projects try to build up their products on multiple chains, cross-chain. |
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Short-term, you can get profit from trading
Long-term, you mostly end with loses from trading
If it is long-term, it is easier, more comfortable and more profitable if you do with investment. Investment is different than gambling. I meant if you intend to do long term investment, you must start with your in-depth research about projects. Then if you conclude it is good and believe in it, you can allocate your capital into it as one of your long term investment.
To be safe, just in case all things go wrong and worse than any of your expectation, don't all in!
Let's allocate a big budget for your daily expenses in about 1 or 2 years which is enough time for bear market to finish.
Imagine, you allocate all money you have at $10000, then in bear market, it is divided 10 times to $1000 and if you don't have other budget to pay daily expenses, you will have to sell part of it to use. Assume you sell $100 for such purpose, it equals to $1000 in your initial capital. That is painful!
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1) Once all 21million bitcoin have been mined, will transaction fees be enough incentive for miners to continue validating transactions on the blockchain?
Bitcoin network operates by mining through Proof of Work and block rewards are not the most important thing to maintain its operations and Proof of Work activities by mining. Miners will get mining rewards in either block rewards or transaction cost. The latter one is more important. It's hard to predict what price Bitcoin will have after 21M Bitcoins all mined but for now, you can look at the very latest block #716616, you will see some stats - Fee total: 0.08266016BTC ~3,826USD
- What value will 0.0826 BTC be in next 1 century, when 21M BTC mined?. It would be huge and it would be enough for miners to enjoy income from transaction fee.
- Imagine it like years ago, if a miner got a reward as 1 BTC, it was not enough but now 1 BTC from mining reward is a dream for miners. The same goes for transaction fee for each block one century later
2) What is the significance of bitcoin being "open source"? Doesn't that mean that the fixed amount of Bitcoin in the original code could be changed? (This speaks to my lack of programming knowledge I guess)
No. You can not. Bitcoin transactions and blocks can not be reversed. Especially impossible if it is blocks and transactions done 11 years ago. People can only make Bitcoin forks but past blocks will be unchanged. To understand more about impossibility of reversing very old transactions, please read One way to think about the blockchain is like layers in a geological formation, or glacier core sample. The surface layers might change with the seasons, or even be blown away before they have time to settle. But once you go a few inches deep, geological layers become more and more stable. By the time you look a few hundred feet down, you are looking at a snapshot of the past that has remained undisturbed for millions of years. In the blockchain, the most recent few blocks might be revised if there is a chain recalculation due to a fork. The top six blocks are like a few inches of topsoil. But once you go more deeply into the blockchain, beyond six blocks, blocks are less and less likely to change. After 100 blocks back, there is so much stability that the coinbase transaction—the transaction containing newly mined bitcoin—can be spent. A few thousand blocks back (a month) and the blockchain is settled history, for all practical purposes. While the protocol always allows a chain to be undone by a longer chain and while the possibility of any block being reversed always exists, the probability of such an event decreases as time passes until it becomes infinitesimal.
3) A major draw to cryptos like Bitcoin is its decentralized nature.
I am doubtful that most of people attracted this way. They probably were attracted by volatility of Bitcoin market with which they see great potential to earn huge profit if they accepting risk. 4) If a block is limited to approximately 2,400 transactions. Once Bitcoin becomes more widely used and there are millions of transactions taking place everyday, wouldn't that create a backlog of transactions? And couldn't that make the system super slow and inefficient at confirming transactions. (could the code be updated to allow blocks to be confirmed faster than 10 minutes?)
It can be done via Consensus upgrade of the Protocol or via Layer 2 solutions such as Lightning Network. Since 2020, whenever you look at Lightning Network, you will see it grows very fast. |
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I never allow auto download feature. I would like to spend a little more time to read pop up message, then I can approve downloading or not. On Telegram, it is a paradise for spammers and scammers so people should customize their Privacy & Security settings because in default settings, it allows everyone to call you, to see your phone number and can add you to groups & channels. - Phone number: My contact
- Call: My contact
- Group & channels: My contact
Telegram security and privacy tips |
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I think such a board would just be a paradise for spammers
This. The idea is broken at beginning. Strict board moderation is not something we can expect if we take into account what happened in the Press board.
We don't need more moderation task for things which basically are unnecessary. No need for new world load for current moderators. No need to hire new moderators and assign them this task.
If anyone love Twitter and Twitter influencers, let's do their homework: Searching. Search engines will give good list, articles about Twitter influencers, such as The Top 100 Crypto and Blockchain Influencers (on Twitter). Need more, search more, it's easy 
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So I've noticed that there's a TON of bitcoin related discussion that happens on twitter.
It would be cool if we had a "notable twitter threads" child board so if users see something interesting, they can share it for others here.
Bitcointalk forum is mainly for Bitcoin discussions about developments, technical supports, etc. Other things are supplementary elements only, not main ones. Twitter is full of tweets from influencers, KOLs (Key Opinion Leaders) and not all of them provides correct information. If a forum has a new child board, namely Notable Twitter, it will bring other issues: a new moderator for that child board. It is unnecessary at beginning (original idea) to moderation phase. If you need one place, here you go with Wall Observer BTC/USD - Bitcoin price movement tracking & discussion. If any newbie want to get notable information from social media about Bitcoin, that thread is place to start. |
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The bot that I'm talking about is Gunbot, and you have the opportunity to see what it can do and see the other features it has to offer. I can assist you if you want. As I know, you used this bot many years ago (probably more than 4 or 5 years) because I remembered when I saw you on the forum years ago, you already mentioned that you used Gunbot and if my memory is correct, there were times you even wore signature of Gunbot. Anyway, I know Gunbot is good
Some other bots for references for OP is given by Ratimov in [BIG LIST] Crypto Trading Bots |
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I remember someone also do the same thing to me when I sent my BTC accidentally.
I have big respect for those people they are very kind and honest.
It has some factors when people did not refund mistakenly sent Bitcoin. - They are greedy and don't mind to refund. Such people are aware of where and how they can refund.
- Newbies who don't know how to refund for some reasons
- Don't know how to use Block explorers
- Don't know how to check addresses from which those BTC sent to their addresses, etc.
- So be very careful with your transactions, check details of your transaction multiple times before you broadcast it. Bitcoin transaction is irreversible so when it was gone, let's assumed you already lost it, forever
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Some members gave you good topics above. I support them with a few topics & minor advice. In order to use the forum better & more effectively, you should know how to search and know about hidden pages/ features of the forum. Spend a few minutes to read the Satoshi's lesson that is a mediocre topic which will help you to start and keep up your motivation to contribute good things on the forum in long run. |
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With Bitcoin and its ledger, its technology and the case of satoshi nakamoto, it is clearly and easily to prove that a person is real satoshi nakamoto or just a fake one. - Make a signed message from any address that is well-known of satoshi nakamoto
- It's absolutely lie and liar if anyone claims to be real satoshi nakamoto and can not sign a message to prove real ownership of those Bitcoin and Bitcoin wallet/ address
- As a creator of Bitcoin, a real satoshi nakamoto should know how to back up private key totally safe from any risk of damage physically. Therefore, any excuse of losing private key by any unexpected reason is unacceptable
So far, after many years trying to claim as real satoshi nakamoto, CW can not show us such simple signed message. So he is a Faketoshi. |
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Merited posts aren't really merit-worthy anyway, at least not for me as a merit source. On the other hand, I will not consider merit abuse as well. It's not a big deal really.
It's not a big deal if it is your self-earned merits, not sourced merits. And if the purposes of give smerits away are not related to unofficially require people to say all good things about your business. If merit sources aren't selling merit, then let them spread merits. At least merit circulation will increase. If the sent merit amount is big then it would be a different case. But here just don't be too strict since the admin isn't too strict regarding merit distribution.
It might not be merit selling or exchange but as I said above, if it is like an unofficial give away to attract members and force them to say good compliment to shill your service, it is something wrong. Fortunately, in this case, I don't see that intention. It is easy to realize that because such shady intention will catch a lot of newbie accounts join the party. Moreover, if compliments are over-exaggerated about a service, like it is a best on the forum while in fact we know it is not. It would be signal of something wrong. All of them are not found in this case. So, the accusation (if it is) is inaccurate. |
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I can now earn little money to take care of my financial needs all with the help of Bitcoin-related jobs both on this forum and off the forum.
Congrats! I don't know you know about those topics and given websites or not. Anyway, let's check them out. Perhaps you will find something you have yet known of. |
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Fear and Fomo are real psychological phenomenon and they are reflected on Fear & Greed index. [1] They also have impacts on price because basically when people are fearful, they will panic sell; when they are greedy, they will FOMO buy. In turn, panic sell makes price dump and FOMO buy causes price pump. [1] https://alternative.me/crypto/fear-and-greed-index/If you check the Fear & Greed Index chart and compares it with Bitcoin price chart, you will see how Fear and Greed affects market price. Today the index is about 40 and Bitcoin gradually rallies from the extremely panic area below 20 of the Index, a few weeks ago. |
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