~snip~ So after reading all my points again, I would buy a hardware wallet, create the 24-word phrase with the hardware wallet, write the 24-word recovery phrase down on metal (put that 50 feet underground in a PVC tube etc.), send 0.5 Bitcoin + monthly Bitcoin savings plan to hardware wallet addresses and just destroy the hardware wallet with a sledgehammer/chemicals/various.
I was really interested in what depth it was, considering that I don't use this measure, and I calculated that it was as much as 15.24 meters. I think that's pretty deep and I'm wondering if you have any special reason to bury your backup so deep? I'm not an expert in geology, but is it possible that after 20 or more years your backup won't be there for some reason, maybe due to underground water that will appear over the years or an earthquake that would cause the ground to collapse?
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When each and every analysis was bearish on the bitcoin and everyone was expecting bitcoin to dump to 12K-14K$, the bitcoin start pumping and reached 23K in few days time.
Not everyone expected the price to go so low, although many hoped to buy Bitcoin at even lower prices. Expectations and reality often go in different directions, and that was the case this time as well - although even today there are those who think that another crash will happen. My personal opinion is that the price is returning to where it should realistically be, which is somewhere between $25k and $30k, with the possibility that it will be even higher by the end of the year if the world economy continues to recover. Also, we do not have any positive news about bitcoin recently, do we?
As some have already written, there does not have to be positive news about Bitcoin for its price to rise, but you, like many others on the forum, do not look at the big picture and what happened at the beginning of the year slips completely under your radar. I wrote a little more about it in this thread, and if you take into account that Bitcoin has become part of global markets, then it is logical that such (positive) events have an impact on its price as well.
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But If you have like USDT or Stable GBP or Stable Euro then you can send it instant all over the world and whole storing the wealth and transactions are easy.
How about practicing your obsession with so-called stablecoins where it belongs -> Altcoins // Isn't Bitcoin also a much better solution than fiat, because you can make a transaction whenever you want, cheap and relatively fast + as a rule, one confirmation on the network makes the transaction safe - although for larger amounts the recommendation goes to 3+ confirmations. Generally speaking the tradional banks dont work anymore and up coming cyber attacks will only proof that the current fiat banking is weak. We not talking about CBDC by goverment control as new system we are talking here pure Stable coins such us USDT.
It has already been mentioned, but for me, centralized fiat is safer than centralized USDT, which can be frozen at any time, and who says that it is pegged in a 1:1 ratio with anything? Out of everything that exists in the world, you decided to believe in something that is completely centralized and owned by private companies that operate almost on the edge of the law and can at any moment become the subject of an investigation, and then your stablecoins will be worth one big nothing.
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I would call the current situation a solid recovery and a return to the level where Bitcoin would have been had some very bad things not happened (Kwon&Bankman). Some may have been surprised, others not - but the beginning of the year began with very good economic results on the stock market, as well as predictions that the central banks will not be too harsh in raising interest rates this year.
This is definitely not the big bull run that comes after the halving (at least it was like that in the past), but for those who took advantage of the opportunity and bought cheaply like the OP, everything that is happening seems like the beginning of a beautiful story in the financial sense. Let people enjoy while they can, but let them always be ready for negative changes.
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The whole what a government has to lose thing again? Peanuts! That's why all cryptos are compared to a huge economy.The whole thing started with nearly the same argument, what has China to lose from all the mining fleeing abroad, even if China would be mining all the bitcoins right now, there would be no cost with the electricity and all the miners would give all their coins to the government which is impossible, it would be a $6 billion if we assume a tax on profit of 10% with a profit margin of 50% you're down to 300 million, what can that mean for a 14 trillion economy? And if we consider revenue from trading, it's even worse depending on how you look at it so let's touch that a bit! ~snip~ It seems that these theories still live in some minds, although they are completely meaningless in the global picture. Maybe some people don't understand the difference between a billion and a trillion, maybe it's something else - but anyone who thinks that big and powerful countries lose something if they ban Bitcoin is living in a big delusion. China is a good example that we have mentioned many times in the past and proof that those at the top did not even blink when they signed laws that prohibit trading and mining. With some exceptions, for most countries and governments of the world, Bitcoin is just a nuisance that would be good to eliminate, but as our friend Congressman Brad Sherman once said that Bitcoin is just a baby, and babies are pretty harmless, right?
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Haha, brutal!!! But seriously, looking at the guy's history, I understand what a broken record means, but even broken records at one point simply stop they don't keep going forever! And the worst thing is that all the topics will end up with the same replies debating the same thing that nobody knows for sure. Now you know why I'm not very fond of many people on the forum, they say that I stir up the water too much in the calm sea of signature campaigns - and most of them don't mind that they keep answering the same questions to the same member. It would be interesting to analyze all the threads from the OP and everyone who wrote something in them - because if the questions are basically the same, then the answers should be, right?
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~snip~
I don't want us to get into politics because that has no place in this board, but I agree with you that many underestimated Ukraine and that they still underestimate it and hesitate to help it in an adequate way - if there was more courage, the war could end within 3-6 months, they just need to be given the weapons they are looking for. As for the Russian economic picture, it is getting uglier as time goes on. Of the previous 150 billion cubic meters of gas that Russia delivered through gas pipelines, they now sell about 16 billion cubic meters to China, and a little bit via LNG. It is similar with the quantities of oil and the price they achieve for the same, and apart from China and India, it is increasingly difficult to find customers and make a profit. Gas storages are well filled in Europe and due to the mild winter, they will not be empty and will further facilitate the entire energy situation for next winter. Russia is also losing its place in the sale of key minerals because various other deposits have been activated around the world and in the near future it will be able to cover all the needs of the world. The problems that arose from the fact that many countries were dependent on Russia are getting smaller, but it will still take some time for everything to fall into place.
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Newbie Must Be carefull about Ledger live Browser Extension I would conclude that even many who are not beginners should be very careful with what they wish for, because any such extension (even a legitimate one) is nothing but a risk. When I read how many people mess with various browser add-ons and cryptocurrencies, I wonder if they even understand that the security and ease of having everything at their fingertips is not something that should be put in any browser.
In this case, one won’t be able to find it on the Ledger site (the article referenced in the OP announcing a work on progress for IOS Safari, not Chrome), so that should be a clear cue.
When someone writes something without even reading the article they linked to, you wonder how many people even pay attention to details. The one thing I’d be worried about now is not having installed any additional malware as a by-product of installing the fake extension mentioned in the OP.
The OP realized that the extension was a scam, but he installed it anyway and maybe picked up another unwanted guest - maybe some clipboard malware or something similar. In any case, I would recommend that the OP scans his computer with some serious AV, and we all know that the only way to be sure is to format the disk - but that's still up to him to decide.
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I have been in crypto just over 12 months now so have no idea what it is like to see any profits! Over the last 12 months I have just been buying and holding , mainly since the June crash.
How about you come down to earth from those clouds of yours where you live and don't ask identical questions every month because it's quite irritating (at least for those who have a good memory). If you wanted instant profit, then you should have invested your money somewhere else, not in something you still don't understand, and more than 12 months have passed since you first invested. I first started investing in crypto January last year so most of my time I have been in the red and yet to experience any profit. I have just been dollar cost averaging the last 12 months and holding, not planning to sell until 2024 at least.
I started accumulating Bitcoin after the June crash last year, my average buy is currently $17500. I feel like it is a good time to be accumulating but also lately have been thinking it may be a while until it is worth selling.
I have been in crypto almost 1 year now and has been an interesting year to say the least. When I bought my first crypto in January I didn’t know anything about cycles and just started investing after a friend had been telling me for months to do so.
Hopefully we only have another 9-12 months before the bull run starts and I am just wondering those who have been in crypto for a while what the last bull run was like and if anyone has any advice on how to prepare?
What special preparation do you need - so you don't go to war or someone will dump a bunch of money in your backyard when the bull run starts...
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~snip~
I honestly don't care that some countries have banned Bitcoin and I don't care if others do as well, because Bitcoin has never asked for permission for its existence, nor is it needed today - whether it's from politicians, central banks or presidents. Furthermore, what kind of nonsense is this about the earnings of any country when it comes to Bitcoin, whether it is taxes, mining or something else? It's my right to do what I want and I don't care at all that the governor of my central bank and his dwarfs keep talking negatively about Bitcoin because they protect the interests of the banks and exchanges that pay them to scare people like that.
1. You might think it's insignificant, but do you know how much the US is now making on crypto? Is the US not rich already? Mind you, it's not the only thing that would bring income to the country, no single sector could, yet it would surely add if countries could accept the business around it and tax them accordingly.
What is the share of US GDP that comes from all cryptocurrency related businesses and do you think the US would be even the least bit hurt if tomorrow they did the same thing that China did a few years ago? I'm sure you don't know this data (and neither do I), but I think @stompix could easily show it to you - whether it's China or the US, you overestimate the importance of Bitcoin and all other cryptocurrencies in the world economy. Many people were surprised that China banned the trading and mining of cryptocurrencies because they allegedly gave up significant income, without having any idea what the GDP of China or the US is. (United States (GDP: 20.49 trillion), China (GDP: 13.4 trillion)
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Almost $500 for what they literally describe as a device with which you can hope to win the Bitcoin lottery of 6.25 BTC if you're lucky enough to mine an entire block However, it's not all that pointless, because this device has very nice LED lights and you can light up your space with it, and also mine some altcoins, although I doubt that you will reach your investment and manage to make a profit before the device breaks down. This is a toy, not a serious device by any means.
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~snip~ and I actually have no idea why people still belive Elon Musk when it comes to crypto, It Inially praise crypo and then sell it what the point right
They trust him for the reason that they think that he will succeed in repeating what he did in the past, that is, that he will succeed in pumping up some coin with his tweets and that they will profit from it. As for his investments in Bitcoin, they were solely motivated by profit and we cannot blame him for deciding to sell at one point, because if we are honest, most of those who invest in Bitcoin do exactly the same. What I personally hold against him (and everyone else who cares about Bitcoin should too) is the fact that he first added Bitcoin as a payment option in one of his companies, and then withdrew the same option because bitcoin mining has a great impact on the environment , and anyone who understands elementary mathematics and knows how to find the right data knows that this is one of the biggest lies directed towards Bitcoin. Accordingly, the move of such an influential man made a very bad impression in the media and many thought (and still think today) that due to Bitcoin mining the world will be left without electricity and that we will all live in the dark. When we look at the fact that this man has perhaps more followers on his little internet toy than there are Bitcoin users, some things are more than clear.
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@Beparanf, if you go to the Ledger page and look at all the supported coins, then next to Tron you will see two links, one is Ledger Live, and the other shows a link to the TronScan wallet. I can't say anything about that other wallet, but if I really had to, I would always use the one linked on the official website. https://www.ledger.com/supported-crypto-assets
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Interesting name of the company, because the word "zlato" means gold in some languages in the Balkans, so I wouldn't be surprised if the arms of this crypto octopus extend much further than Russia. There are a lot of criminals, and all of them would like to launder their money.
However, some company based in HK, which most of us have never heard of, will hardly be the reason why the price of BTC is not in the green today, but rather the fact that the media reported on how some technology companies from the US are planning to lay off tens of thousands of the employee.
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However, buying bitcoin as a beginner and dealing with the volatility can be traumatizing due to the volatility anxiety, it startled newbies when they saw their bags decline; it makes one feel like they are losing everything for a first-timer, but that's just part of the holding process. --- (1) Detailed understanding of the nature of Bitcoin: It is important that you understand what bitcoin is all about; it is not about purchasing when the price is low and selling when the price is high. It's essential that you know the details of what you're buying and holding, you'll be amazed to discover that the more you learn about bitcoin, the less worried you'll be about price volatility. ~snip~
Given that you have nowhere mentioned what the true essence and value of Bitcoin is, and you are talking about the traumas caused by the price change and how it is not all about buying cheap and selling high, your sentence constructions are a bit strange to me. The one who only buys Bitcoin in order to sell it at a higher price will never understand what the true value of Bitcoin is - and that is the use of Bitcoin as a cryptocurrency that is completely decentralized and independent of what your president, central bank governor or anyone else thinks about it. To think is one thing, to act is something completely different, and we really miss the latter.
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Thy shall not test your LORD your GOD. If You are truely a Christain you wouldn't be testing my CREATOR by trying to see if HE could send me merit. There will be serious consequence for those who dare break HIS commandment.
I have already written to you several times in the Meta board where you also presented some of your ideas to leave your religious beliefs aside when it comes to things like Bitcoin and everything that is not in Politics and Society or Off topic on that topic is simply wrong. Your creator has nothing to do with whether someone will send you a merit, and even less HE can send you a merit because he is not a member of this forum, no matter how strange it may sound to you. It's actually within my faith to believe I can move mountain or the price of Bitcoin with faith. So you dare not question that or else there will be more consequences. I will advice you to simply ask for proof which I have provided before. But I'm willing to provide more.
You have never provided any credible evidence that you have any influence on the price, and I personally promised you a reward if you manage to do it - and you failed that exam every time, as is evident from your post history. Now I advise you not to derail this thread anymore
It's good that this thread is in reputation because it's about your reputation, and if you ask me, it doesn't really exist considering your views that you want to impose on others. Your faith is your personal thing and you can practice it in any way that is appropriate, but if you stop for a moment and think about the way in which you use your faith, then you might come to the conclusion that you are doing it in the wrong way. Are you familiar with one of God's commandments that says “You shall not take the name of the LORD your God in vain"
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@cryptosize, first of all, learn how to resize an image because this way you do it is not appropriate for the forum (the page loads more slowly, some users have very slow and limited internet traffic).
Secondly, who is this woman and why would anyone believe her? Money doesn't just disappear from the bank account, and maybe "Sandy" should be a little more careful with whom she shares her card and how much she spends.
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I don't have many people on my ignore list, but I have to admit that it has increased thanks to the fact that I occasionally visit WO and every time I see some very irritating posts from mostly lower-ranked members who are trying all day to catch some merits by posting meaningless links and tagging them with "breaking news". Of course, there are those who do not want or do not know how to reduce the images to the appropriate size, and even when you warn them, they continue to do everything the same as before.
Having someone put you in their ignore list and having someone distrusting you, which one is more damaging?
As you wrote, what is visible to everyone is more harmful, but I don't think you should mix the trust list and the ignore option, even though it makes sense that someone who doesn't trust a certain member will put the same thing on the ignore list. In addition to what I already wrote in the previous post, maybe trust lists could be one of the indicators for someone to determine whose ignore list they are on. For those who do not know their trust lists, you can see them at the following link -> https://loyce.club/trust/2023-01-14_Sat_05.07h/index.html which is also available through https://bpip.org/
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So this was my father's bitcointalk account. There's also wallet.dat and a text file:
bitcoin.org bitcointalk.org The password is THE DATE 13zEUPdpCDT3JGqv4o61vXQpgWWdxMEZeX
The coins are still there. I guess I can try some dates
Did you maybe try the date your father registered on this forum? Given that the text file contains the name of this forum, it may be about that date. Date Registered: 23 August 2015, 12:45:31
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I would add the failure of the "Bitcoin Standard" in the case of Terra/Luna, who backed their stablecoin with BTC but had to sell these. It's of course mainly an "altcoin drama", but due to Terra/Luna's BTC "backing" it involved Bitcoin a lot and was one of the main causes by the deep mid-year crash. The OP forgot the biggest scandal if we talk about the total financial damage that Kwon caused, and the total damage is measured in hundreds of billions of $ if we consider the entire crypto market. Unfortunately, Bitcoin was directly related to that project, but I wonder if it would have been different if Kwon had bought some altcoins to support his new cryptocurrency, or maybe the effect on the market would have been smaller?
Interestingly, there wasn't FUD about double-spending or other design flaws or urgent hard-forks repeated in 2022.
Perhaps it has already become clear to everyone that there is no point in writing about such things, nor about the fact that Bitcoin mining affects the environment to the extent that they have been trying to present it for years.
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