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361  Other / Beginners & Help / Re: Browser app with a crypto wallet. on: February 13, 2024, 11:25:50 AM
I was making use of CHROME app while posting on Bitcointalk (BCT, BTT) but I was having some difficulty then I installed BRAVE browser app and I saw this, so I checked it was just a browsers crypto wallet. I checked and this was what I saw

Out of the 5 stars, open source has one star. What does this mean? Does it really mean that it is a closed source code or an open source code. Maybe to know this, we need to know whether or not the brave browser is an open source browser. If the browser is open source, the wallet will likely be open source too.

Other reason why the browser wallets are not good because they can get hacked, notwithstanding that other wallets can get hacked also but on a contrary the browser wallets are easier to hack as any one can or might use the browser on your phone and still have access to the wallet on it without your consent.

I don't really follow your logic there.  Sure, any wallet could theoretically be hacked, but being accessible doesn't automatically make something more hackable.  Just 'cause someone can use your browser doesn't mean they can access your wallet - Strong passwords, encryption and proper browser security still play a crucial role in protecting your funds..

That's what I have to say as well. Just because someone can use your browser doesn't mean that they can hack it. But the first set of security is that you should ensure people don't have an idea where your wallet is. If they can relate that there's a fund there, it will become a target.
362  Other / Beginners & Help / Re: 50k is exciting on: February 13, 2024, 10:59:49 AM


 It's  so nice and exciting having BTC breaking a $50k point
Yeah so exciting  Cheesy
BUT
It isn't as  exciting as not having a Fundamental and standalone right to accessing your wallet without  any interference  from a third party.
Wait a minute you! Yes you!! Why are you still using that Exchange wallet for Holding  your coin  Roll Eyes

It is exciting to see BTC at $50k but then this is the period many people will lose their hard earned bitcoin just because of some negligence or not securing their coins. Scammers troop in their numbers into the cryptocurrency industry. It will be save to have saved or DCAed from the bear period till now that you are supposed to take profits and you suddenly discover that you have been hacked or exchange has collapsed. But then, despite the abundant advice on the internet, people still fall victim of exchange dramas

First of all, it is exciting indeed to re-test the 50k resistance. Sooner rather than later, we'll break it again, and hopefully that will be the signal for the next bull run (I'm aware that we already broke it several times, I mean turning it from resistance into support).
That's my opinion but some people are seriously anticipating a big correction. It is difficult to know which opinion to follow even after doing your own research.

Secondly, we tend to demonize exchanges (me the first), but as per fees, I strongly believe that if you have a part of your holding you don't hodl and want to liquidate it as soon as the price hits your goal, it may be better to keep that part in the exchange to avoid what Mia Chloe said: you'll save in fees and help others save too.
I have always told people that exchanges are part of the cryptocurrency industry and it will remain here as long as the industry remains. I only advocate that people should use exchanges the right way they are supposed to be used and not as a wallet.
At the height of mempool congestion, it was exchanges that was helping people out easily. Thanks.
363  Economy / Speculation / Re: Hey! it's $50k today. on: February 13, 2024, 10:42:56 AM
These discussions are always repeated, as traders believe that the upward trend will continue once the previous resistance level is broken. Once $38,000 was broken, speculation moved to $42,000, then $47,000, and now I see some people talking about $60,000, but the price needs some correction. The price started moving away from the 50-day Simple Moving Average (SMA) at $43,351. We still have strong resistance levels at $52,000 and $55,000



The correction is coming, but the fact that we touched $50,000 indicates the strength of financial flows for ETFs and institutional money.
It is true that the price needs some corrections, but before the correction, it might move to 55k, such that it will correct back to 52k region. The market is still showing signs of bullish, which shows that there will be another upwards movement. I am saying this based on the result of the poll and statement of the people. But then no one can be too sure of the market, anything unpredictable can happen but then we are still confident because it is BTC.

As a crypto lover, I really welcome the current increase in BTC and it has reached 50K, but I am still not too optimistic about whether the price will continue to rise and it is even possible that there will be a correction again after the recent increase. It's still fresh in our memories when the Bitcoin Spot ETF was accepted, the BTC price immediately went up high after just a few days and immediately dropped again.
The incident of price increase on the goodnews of ETF approval and later crashed was because people who were holding before the ETF approval decided to sell and have another opportunity to enter the market for the sake of the upcoming bull run.
364  Economy / Speculation / Re: BTC Sentiment Poll for February on: February 12, 2024, 06:01:17 PM
The poll needs a "weird" option for me to choose because I still think the market is going to continue being weird.

But from the two choices I vote UP because we've already had the ETF drama last month and it "squeezed" out anybody that it could so it is time for the rises to begin as the weak hands are out and there is no more short term hypes to disrupt the market.
It is nice if you can take a good look at your vote again. It has happened and it is purely up and up. Wonderfully known that we have touched $50k again. This is a resounding hope to the coin called bitcoin. My question is, from here, where do you think we are heading to? Can we go straight to bull run from here or we will retest the 40k and 30k regions before the major bull run .
365  Economy / Speculation / Hey! it's $50k today. on: February 12, 2024, 05:50:46 PM
Hey Stop! 🛑

Look around, it is $50,000


Can you now see the effect of the ETF approval?

What do you think...
  • An upwards trend from $50k
  • An downwards movement from here
366  Alternate cryptocurrencies / Altcoin Discussion / Re: If you were Satoshi Nakamoto, what would you do? on: February 12, 2024, 05:02:50 PM

If I were Satoshi Nakamoto, I would probably send the entire 1M BTC to charities around the world. I would not dare to appear and have my identity revealed for fear of endangering my life. Bitcoin has succeeded beyond all initial expectations  Grin
Why would you do that when everyone's eyes is on the Satoshi coins. If anything did happen to the coins, it will affect the bitcoin price. It will also be good if we see that bitcoin in the address as a bitcoin reserve. When people remember that one address has such amount of bitcoin, they might not think of manipulating the market.

  • Would you dare to appear in public?
There's no need appearing again while hiding for many years.

  • Would you move 1M BTC and sell for USD?
This is not necessary because bitcoin is continuous and not ending tomorrow

  • Would you participate in the development and upgrade process of Bitcoin blockchain?
Yes, because this is passion and wherever Satoshi might be, he is doing that already I guess.

  • Would you agree to accept the invitation to El Salvador?
Yes, maybe to create more fundamentals.

  • Would you continue to stay anonymous and observe the development of Bitcoin?
Yes, the best option
367  Alternate cryptocurrencies / Altcoin Discussion / Re: Is technology really important for investment decisions? on: February 12, 2024, 04:27:37 PM
I want to hear your opinion on this issue:
  • Are you entering the crypto market to pursue technology or profit?
  • For you, is the project's technology important to the investment decision?
For me personally, all investment goals are for profit, I do not invest with passion just because I love beauty, goodness and passion. With good or futuristic technology, it becomes even more worthwhile. For example: some AI technologies, bitcoin l2 rollup... when you focus on technology, it must be placed on long-term strategy, technology is always changing and forcing projects to also change to adapt. If so, you can endure a longer period of time to lock in profits.
Many people are in the cryptocurrency industry just because of the profit they get from the fluctuation of the cryptocurrency price. It is not many people that are interested in the technology behind any coin or any blockchain. What actually are they going to do with the blockchain technology and how is it going to help their life. Many people are just here to take advantage of the price fluctuation and make a good morning for themselves and change their standard of living. The same thing is applied to the Bitcoin investors, obviously there are many advantages of using bitcoin apart from the price increase of the coin but people have neglected this advantages just for the profit of it. It is only a few number of people that are into the industry for their technology such as privacy and decentralization while the majority of the people are for the price.

In as much as solana has the ability to increase in price and has built a good number of community around their project and the project also has utility there is nothing that is going to obstruct it even if the blockchain happens to be down for more than 24 hours, people will still troop in because they surely know that the price will increase
368  Bitcoin / Bitcoin Discussion / Re: How do cryptocurrency increase the standard of living on: February 12, 2024, 03:54:57 PM
Your standard of living can only improve from cryptocurrency, when you invested wisely in a good cryptocurrency like bitcoin and have profited heavily from it, Otherwise cryptocurrency even bitcoin is not a magic wand against poverty and low standard of living.

@OP to profit from bitcoins, you really need to be patient and disciplined, the Investment benefits of bitcoins in terms of profit is not instant.
Apart from investing in cryptocurrency, Op can also improve their standard of living by learning a skill that will allow them earn in cryptocurrency. While earning from cryptocurrency, you can invest some and by so doing the standard of your living will improve. Another method also is by rendering services and getting paid in cryptocurrency, although this will also require to learn skills. But in all, cryptocurrency is not a get rich quick scheme. This does not mean that you cannot become an overnight rich man with cryptocurrency. There are some altcoins and shitcoins which are very volatile. They could make drastic increase and plunge one into richness, but at the same time, it can also vanish your capital. That is why those kind of coins are not recommended for newbies who has no/little knowledge of how things work here.

Above all, increasing standard of living lies in ones hands to do whether or without cryptocurrency. This is because there are people in cryptocurrency for years and yet there standard of living hasn't improved.
369  Bitcoin / Bitcoin Discussion / Re: Understanding the basics in Bitcoin before investing on: February 11, 2024, 11:28:36 PM
The question is what do you think a newbie should know as elementary knowledge before investing in Bitcoin
  • Know how to buy and sell
  • Know where to buy 
  • Know when to buy and when to sell 
  • Knowing how to manage their portfolio and risk
  • Not having a get quick rich mindset

It is fine that newbies should read and understand how bitcoin works before creating topics and making blunders. Learning is earning, if you learn more, you can easily earn more.
370  Economy / Economics / Re: Leadership and Economics on: February 11, 2024, 10:55:24 PM
Let's assume a country which has the ideal leader of all qualities that you think is needed for a leader but the economic structure is poorly constructed and people under the government are corrupted then the country is going nowhere.

So, my point is it requires everyone's efforts to bring the growth financially because change in a scale that we are talking only possible when everyone is contributing to it and ofcourse someone who can show the right path for others indeed but you want to know the reality that kind of ruling will never be possible with the democracy.
We actually should not undermine the power of good leadership. A good leader with his team can turn a country that is not working to one of the best countries using the available resources and manpower. But in the other hand a bad leader can destroy the destiny and the future of an endowed country. That being said, we could also see a good leader leading a country very well while some citizens in the country are still extremely poor. A leader in the national status does not provide food in the kitchen of all her citizens rather he provides enabling environment for small scale businesses to strive in order to affect the whole economy positively.

Some of the leaders of the African countries are not doing the right thing while on power and yet they would still want to live forever being in the office. To a point they would share the whole political posts both appointed and elected positions to them and their character members and even to their generation such that the cycle of power and corruption revolves around them and in their neighborhood. This is the reason why African nations are not developing because their leaders are just in tandem with their foreign counterparts exploiting the nations in Africa.
371  Economy / Economics / Re: Business/Entrepreneurship. on: February 11, 2024, 10:40:37 PM
A wise man once said "Entrepreneurs are problem solvers" usually looking for new ways and solutions to both existing and newly discovered problems. So, the word innovation and entrepreneurship work hand in hand and cannot be put separately

Although the words business and Entrepreneurship have been used interchangeably they aren't the same. While Entrepreneurship has to do with the indulgence and bringing up of something new despite the risk, while, business has to do with capital and profit straight up. Here, you buy other people's products and sell them at a higher price.
Both have risks, but that of Entrepreneurship spells out risk itself. Even though I can't shake off the fact that entrepreneurship is simply capitalizing on People's problems to make a profit, I can say that entrepreneurship has positively helped a lot of people.

So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?

 
Honestly, I have read through the Op trying very hard to understand what OP actually intended to differentiate or teach between entrepreneurship and business. In your article, it seems that you simply customized innovative to entrepreneurship, whereby an ordinary business cannot be innovative. This is wrong. I can say that a good business man is an entrepreneur. If you do not agree with me, I would like to give an instance. Let's I moved into a new environment for residential purpose. On getting there, I discovered that everyone in that neighborhood travels a few kilometres to barbe their hair. I decided to open a barbing saloon, employed barbers and start making money. Yes, I am an entrepreneur. But then, does it eradicate the fact that I am also a businessman?

According to your analogy, it therefore means that every successful businessman is an entrepreneur, while unsuccessful businessmen are just into business. In order to start a business, risk is already taken and it therefore qualifies a business man to be called an entrepreneur. I therefore can use both words interchangeably and still be correct because there is not clear distinction between them.
372  Economy / Gambling discussion / Re: Africa Football Discussion || Current Topic: AFCON 2023 on: February 11, 2024, 09:07:37 PM
AFCON FINALS: NIGERIA 1 : 0 IVORY COAST HT
It was really a fantastic and warm finals tonight as the Ivorians are in their good numbers and occupied the whole pitch. There fans were supposed to intimidate the Nigerian super eagles but it seems that there intimidation didn't work. Although the Ivory coast National team played a way better than the Nigerian Super Eagles in terms of ball possession, number of attempts and all round. Many Nigerians were expecting the Nigerian super eagles to man up with the Ivorians and contest the football but the Nigerian super eagles decided to be more reserved. I think it is the tactics of the coach "Defend and wait for an opportunity to exploit".

The Ivory coast team needed to win this AFCON for a few reasons;
  • They are the host  
  • Their process of qualifying from the group matches was dramatic  
However, the Nigerian Super Eagles have put much efforts and determinations in this match and they have tried to lead the first half with. A goal. So, being champions today will not be a surprise or an undeserved feat. let's see what the second half has for us
373  Other / Meta / Re: Merit source observations on: February 11, 2024, 05:35:23 PM
With a few notable members leaving the forum or becoming inactive. There is definitely a void that needs to be filled up.
Its been quite a long time since Theymos added new MS's, but within that time source merits have decreased quite a lot, some MS's became somewhat inactive, and some others completely left the forum. I think right now Theymos would really be considering adding new MS's, it has been a long time coming, but this period seems like the perfect time; there is no dearth of MS applications, there are so many reputable members waiting in the pipeline, and this makes Theymos' job pretty easy, he just has to pick a few out of those waiting.
I was just wondering why theymos has been somewhat reluctant to add more merit sources. I couldn't actually get resounding answer, but I believe that theymos doesn't want merit to lose it value. He does so  by practically keeping it as scarce as possible. Adding more merit sources will make merit more abundant and who knows it could lose its value. But knowing that most merit source do not distribute merits and some are no longer active, it is nice to introduce few more hands and watch, if the result is counter productive, he can still reduce the number of merit sources thereafter.

Wondering if someone guessed who this new merit source is.
Also, I think the forum lost another heavyweight merit source.
Theymos needs to replace him as well, I am afraid.

One thing is having a merit source, another is having someone as generous as Leo in merit distribution. In terms of capacity, there is supposed to be two people replacing Leo
374  Other / Meta / Re: Locked topics, free speech on: February 11, 2024, 05:20:25 PM
damn, the OP went from "Who is Satoshi Nakamoto?" to "If I'm Satoshi Nakamoto How do I prove it?" and finally "I made the original forum for Bitcoin" 😂

I'm assuming we have a new Satoshi Nakamoto wannabe on the forum, they always bring comedy when they stumble on this forum and start posting.

anyway, you know what to do if you want to prove you are Satoshi.
Who is Satoshi Nakamato?
If I am Satoshi Nakamato, how do I prove it?
How will you feel if I tell you that I am Satoshi?
I made the original forum for bitcoin
I regret creating bitcoin.
I have the private key to the address that received the genesis block.
I have Satoshi letter I want to sell yo you all.
I no longer want to remain anonymous.
I am Satoshi Nakamato.
375  Other / Beginners & Help / Re: Isn’t it better late than sorry? on: February 11, 2024, 01:42:48 PM
Here I am, not a single Bitcoin tide to my name, am not so proud about it especially, being here where I just have the vague idea that, the members here just might have so much. I guess what I’m looking out for is a sense of security and some comfort that, it’s really better late than sorry.

Help me not to be sorry!
It is important you know that not everyone here owns bitcoin. Some are just in the industry looking for an opportunity to have a daily bread and not necessarily that they own bitcoin. The economy is so harsh and poor, for especially people from the 3rd world country. Even in the world at large, there is global inflation. It appears to me that in the future, people will only just work to be able to feed and not to save or make projects.
But then, anyone who has money to buy bitcoin should buy and not to be overly skeptical. There's no late comer in the industry and still the industry is still young as there is a great opportunity for continuity.


You are still early. In 50-100 years, those who were able to get on it with thin the first 20 years would be viewed to have been extremely lucky to have caught on so quickly. From 2017 people have been complaining about being late to Bitcoin rather than taking advantage of the opportunity they had.
You mentioned 50-100 years. It is not difficult to mention. But in the real life, do you so much believe that Bitcoin will last till the next 100 years. To me, 10 years is big enough for very big thing to happen in bitcoin (-ve or +ve), that will change or extinct BTC.
376  Other / Beginners & Help / Re: Newbies be aware, don't fall into the trap of getting high ROI in Bull Market on: February 10, 2024, 11:50:16 PM
Scammers aren't only active during the bull runs, they are attracted to crypto because of its properties like censorship resistance and privacy, which makes scamming a lot easier. And knowing about the examples of scams is good, but it will never be enough, because scammers will never tire of inventing newer and more sophisticated schemes. What's important it to learn one fundamental rule - if you're sending money to someone and have no realistic plan how to get your money back, you have a high chance of getting scammed.
It is true that scammers are not only available in the cryptocurrency market during the bull run. The cryptocurrency market is characterized with scam and scammers are always available right from the beginning and they would also continue to be in the industry in as much as cryptocurrency continues to exist. But of course during the bear market most of the scammers are not seen because the market will not be lucrative and there aren't many new comers who would patronize their scam. It is during the period of the bull run that many newbies who has no experience or good information about the cryptocurrency market will join the bandwagon in order to make some profits. The scammers are always smart and innovative. They are smarter than you because they are always devising a new means to take you unaware and scam you. Meanwhile we aren't even researching more on how to escape them.

In order to prepare our minds we need to understand that scam is not living the cryptocurrency industry anytime. So we need to device a means to live with scammers and be ahead of them and not to eliminate them totally because that is clearly impossible. Newbies be wise.
377  Other / Beginners & Help / Re: Be the Person [poster] You Should Be on: February 10, 2024, 11:41:20 PM
Because this forum is the most active discussion space for many of the things raised, I want to say make good use of every discussion. There is no need to write or express something that is beyond our ability to make it appear to others that we are great while what is conveyed is misleading or substantially wrong.

Utilize the search feature on each board to make it easier for us to find what we want. All of us here, from the OP to anyone reading this, want to be good posters with good skills without ignoring things that have a bad impact on us.
I've found many cases of new users like the ones I mean since I've been active. Those of us here have probably discovered it ourselves.
Hopefully it won't happen to us again. Of course, this is not advice or a lecture like in church.

Happy weekend. Hope your days are fun.
Often times some newcomers have asked me how to be successful in the forum but I have consistently had simple things to tell them. I wouldn't list my advice to them below;
  • As a newbie, you do not have to make yourself appear more knowledgeable than you are because it will not be sustainable and will lead to plagerism quickly 
  • A newbie should learn more than they post or pretend to teach 
  • A newbie should discover their passion and core essence, from there they can impact the community 
  • A newbie should be their real self and not overly want to be a random established user 
  • A newbie should exercise patience and wait for growth
378  Bitcoin / Bitcoin Discussion / Re: Are these P2P crypto platforms SCAM? on: February 08, 2024, 12:13:26 PM
I don't think any of the listed exchanges would be considered P2P? Just because an exchange has an internal transfer function where you can send to accounts internally, that does not mean that it is P2P on the same level as Bitcoin.

All of what was listed (AFAIK) are centralized exchanges, maybe with internal transfer functions.

If you are looking for a higher level of P2P, look for decentralized P2P services. For example, Bitcoin is a decentralized peer to peer network, Bisq is a decentralized Peer to Peer exchange, etc.

Decentralization is a key pair with P2P. With it, you can interact with others while protecting your data/privacy from big corps.

If you don't care about decentralization, protecting your data/privacy from big corps, etc. Then use centralized exchanges. KingsDen describes things quite well below:

Thanks Ben.
It is disturbing that the original idea of Satoshi about escrow is no longer popular among bitcoiners and especially newbies who are reluctant to learn. As against the true escrow, what people now consider as escrow is;
  • One person serving as a third party among two parties who wants to trade 
  • CEXs serving as a third party among her users by moderating the trade
Apart from the above two, the original p2p that is described by Satoshi in the bitcoin whitepaper which is highly related to decentralized system is fast dying off. I don't think this will be redeemable in the short period. This is because the first place that newbies sign up and create wallet is in the exchanges. From there, they will witness the exchanges P2P and will settle for that for a very long time and possibly introduce other latest newbies to the same system and process.
379  Economy / Trading Discussion / Re: Do You Believe, "Passive Investors Make More Than Active Investors?" on: February 08, 2024, 11:30:42 AM
~snip~I think you are just contracting the whole thing
There's trading;
There's short term investment;
There's long term investment.
  • Someone who takes advantage of the daily price fluctuations to make money is a day trader 
  • Someone who buys a coin and in the next month or 2 observes that the coin has given 12% and decided to sell is a short term investor
  • Someone who bought a coin and hold for 6months and above to 2, 3, 5yrs is a long term investor 
.
If there's something I'm missing, please let me know.

Just need to adjust which one is more suitable to apply. Day trading may look easy, but it can't be done by those who don't understand market analysis and reading. I prefer to make short or long term investments for potential coins or become a Holder of Bitcoin because it will be profitable in the future. Becoming a trader is not easy, it requires fairly good trading knowledge and mastering all kinds of tools and indicators that will be used. traders not only sell and buy, but there will be strict analysis carried out.
Being a day trader is somewhat a difficult thing to do but if done correctly gives daily profits. No matter how little daily profits are, the good part of it is that it accumulates and become something huge. Day trading as you have said is a skill that needs to be learnt extensively. If you are a successful day trader, you must have had some stories to tell from your newbie days. I am not sure there's a successful trader who had not made some mistakes at one point or the other during their learning period. Unless someone who learnt under serious mentorship.

One thing about day trading is that each and everyone of us must have tried it at a time before giving up. We had all thought it is the easiest and simplest way to be rich in the cryptocurrency industry. I stopped trading for three reasons;
  • I am just an average or below average trader
  • My emotion fluctuates when I enter a trade
  • I do not consider day trading as a passive way of earning as it requires my time and eyes always on screen.
But in all, many people are successful day traders, especially those who came from the background of Forex.
380  Economy / Trading Discussion / Re: Learning comes before earning on: February 08, 2024, 10:50:40 AM
-cut-
  • Mr A can be an experienced trader while Mr B is an amature trader
  • Mr A could be trading with $10k capital while Mr B trades with $100
  • Mr A can be emotionally strong when his portfolio is at -70% while Mr B will shiver at -10%
Above all, newbies are always less successful in trading.
-cut-
I don't get your point. You just gave an example how newbies sometimes benefit from being scared easily (or fomoing easily). Yet you say that newbies are less successful.
Are you saying that Mr A is better trader, because he is experienced and stayed calm? Or because he trades with more money?
I was just randomly describing different types of traders that we have and not necessarily comparing them. Although I stated it clearly that newbie traders are much more less successful traders because of lack of experience and patience and many no risk management knowledge. The three instances above are not directly conjucted with one another but for random sample examples.

Mr B might panic sell in -10% while Mr a hodls to -70%. Calmness doesn't matter in that case, in the matter of fact it might have been disadvantage, as Mr B panicked before the markets, and still has %90 left to invest, while Mr A lost majority of his investment
Was used to demonstrate the level of emotional ruggedness. That at -70% a trader could be strong and waiting for reversal while at -10% another could be emotionally down and maybe experiencing a sleepless night.
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