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Bitcoin is reaching a new ATH before the new year or during the new year. Tho I was losing hope when it reduced to 16k but, as far as it came back up, a new ATH is nothing big to achieve.
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There are so many ways to recover the seed, all i do is write my seed in a notepad and save and encrypt it in an image for backup, then to google drive and computer where I saved it. I think this is the best and safest way.
Did you just say safest way? I don't see how wise or safe it is that you store your phrase in your google drive account. People's google account can be hacked (if not by a stranger, then by someone around you). You need to store it in a place with a higher security. |
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I still don't understand why the adopted bitcoin... To make more money or what? I don't even know if to believe that the bitcoin in a user's account is real or some figures they are manipulating in their back-end database.
they say that users cant withdrew thier btc inside thier paypal account and im also thinking that paypal doesnt really implement the whole crypto thing but like you said , it can only be figures and they do this to make more money . the guys feedback can be a reference to us that plans to invest in crypto inside the paypal in the future if what to expect . this was still early and paypal can change the way the work for once and for the sake of crypto . Another way you could tell is the blockchain. If I send 1 BTC to you, it will show on blockchain that I actually had a balance of 1 BTC, and that I sent it to a wallet who now holds the 1 BTC. But PayPal's trasanctions can't be seen on blockchain (as they allegedly said). |
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Nothing will happen, is there something you're expecting to happen? Maybe a price surge or similar? Revealing his identity may not even draw much attention. Most bitcoiners don't care what Satoshi looks like (as far as bitcoin works fine for them).
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I still don't understand why the adopted bitcoin... To make more money or what? I don't even know if to believe that the bitcoin in a user's account is real or some figures they are manipulating in their back-end database.
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1. When and why did you become interested in cryptocurrencies?
Sometime in the early days of 2019. I never believed that I'd join cryptocurrency. My friend sent me a link on WhatsApp and I was like... 'Nah, I don't so such thing'. Actually, it was because I never knew what he was talking about and I never took time to look into it. Bounties brought me into cryptocurrency but, the prior thing Now is the features of the decentralization. I'm glad I know bitcoin.
2. When and why did you buy your first bitcoin?
Never did. And that's because ain't nobody goina collect bitcoin. You'll still have to convert back to fiat for monetary usage.
3. How did you get on the forum?
From my answer in question 1, I knew this forum from a friend who was trying to make me know what bitcoin was/is.
4.1. What prevents mass adoption of cryptocurrencies?
Two things I'd like to point our, firstly, the fact that some people see it as a scam (since it isn't physical money). Secondly, people are changing the use of cryptocurrencies. Bitcoin is now seen as an investment (buy low, sell high) by everyone. Someone met me about a month ago and told me how he invested in bitcoin and that he now wants to sell it. I thought for a while and realized that if everyone agrees to see bitcoin as a currency too, real time users will troop in too. Not just these 'investors'
4.3. How do you consider whether 2-3 years of experience in cryptocurrency is enough to successfully invest or does an investor need to receive special education?
No matter how long you spend in the crypto sphere, you sure can't be perfect. Some people like me are smart enough to understand everything in months. So, for some people, even a year is enough. A long term investor doesn't need to go for some special training. If they can see the potential, and have enough funds, they're good to go. However, short term investors may need to be taught how to study the market.
5. What do you think of the current Merit system and signature campaigns? Do they harm the forum?
The only disadvantage I see is that people post some unnecessary stuff because of it. But there are some people who post credible stuffs and replies (whether they've got signature or not). So, 80% no and 20% yes.
6. The most useful forum topic? Most helpful users?
Most helpful users - I'd mention mk4 and DdmrDdmr. These two seem to have a sense of understanding and I believe they are quite helpful to the forum. The others I may not remember.
7. 3 things you would implement on the forum?
I love this question! 😅
Firstly! I don't like the UI of this forum so I'd update it so it looks smart.
Secondly, I'll create a mobile app version of the forum.
Thirdly, I'd occasionally hold bitcoin contests on the bitcoin discussion area.
8. Do you trade on exchanges or invest in projects?
Yea, I trade on binance and I've invested in some projects. One of the projects is hybrix.
9. Tell a story about your big profit or big loss?
For all my time of trading, I've never had "big" profit of loss. It's just normal. One of the losses was when I invested in a scam project (about a month ago). It didn't really hurt me tho. About $40 or so. That's the biggest I've lost. I guess Lady Luck's got my back.
11. Is your anonymity a vital necessity or precaution?
It is a vital necessity. Trust me, people could treat you differently if they knew who you were.
12. The last cryptocurrency book you read?
Never read a cryptocurrency book. I hope to read a fiction book about cryptocurrency tho.
13. Advise 3 cryptocurrencies/tokens for investment in the next 1-2 years?
I'd say HY(hybrix) , I don't really know which else to mention as I do not want to mention random names.
14. How much will Bitcoin cost at the end of 2020?
A new ATH if not, then it will reach $20k. I started saying this from when it was 16k and I'm more confident about it based on the present price.
15. P.S. (Optional)
If only bitcoin transaction fee (for a 1 min transaction) was low, a lot of people will make payments using bitcoin. ¯\_(ツ)_/¯
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This is a super hilarious thread. Look at how demanding he is. See, I do want merits too. But I never asked for it. Joining this forum, I had to create meaningful posts and engage people, I had to contribute on people's posts. I had to make myself credible. And just because you allegedly predicted bitcoin, you're seriously demanding merits(like you kept them with someone. Can someone please give me a towel, I need to wipe these tears of laughter. At least you were smart enough to know where to post about merits. 😅😅
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Bottomline is he support cryptocurrencies, that's why he's here in this forum. If he is really against this technology, why waste his time proving a point here? He just wants to argue, that's how I see this. Many people or users of this forum perhaps, did the same thing for years already. Also, we do not need to prove anything. Bitcoin and other cryptos are beneficial to us who knows it's true nature a d we just cannot help those who believe it is not. Let them be. Criticism is not a bad thing, but we just cannot force people to agree with our arguments if they are not open with the perspective of other people.
I also think that he just wants to argue. But then, I find it weird that he creates topic in such manner. Can't he just allow one topic to grow and learn from it before rushing to create another? Still bizarre. |
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It looks ugly to me. It is connected to one cryptocurrency does not mean that it should be super simple with limited quantity. It is all for hype, I believe.
Nope... It doesn't look ugly to me. It's unique with its physical appearance and the in built feature it comes with. It's just wayyyy tooooo expensive! I'd rather buy and hold Bitcoin with such amount of money. |
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I just saw the news about the Bitcoin Cash wristwatch. It's made by a luxury watch maker called Frank Muller. The watch is made of titanium and it's called "Free the Money, Free the World". Each of the wristwatch comes as two piece "Deep Cold Storage" set, with its unique public address etched onto the dial and a sealed USB that contains the private key. You can add your bitcoins to your wallet or check your balance directly using the dial. But then, the only problem I see with this unique wristwatch is that it's super expensive. Remember it was created by a "luxury" watch maker. The price is 9,900 Euro and the 'total supply' is only 500.😅 Watch the video here: https://drive.google.com/file/d/1eexcwNeYp27FulP4srbnymyWjpE5sVSQ/viewSource |
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I obviously said "one of the best". There's a huge difference between the two.
And who the heck makes a mistake between 'i' and '1'? Do you type in the wallet address when making a transaction and not use the obviously more accurate and quicker copy-paste function(though of course, double check the addresses, because clipboard hijacks and all)?
Maybe the 'i' and '1' was a kinda dumb example. But how about a case where you make a lot of bitcoin transactions daily and you've copied many wallet addresses. And then you mistake the one you copied earlier for the one you just copied. Whether he's giving a good example or not, there's that situation where irreversible transaction becomes a disadvantage. Maybe you haven't experienced it yet. |
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Bitcoin was created to be a currency and from the best of my knowledge, Satoshi's intention wasn't to make bitcoin's price go up but to make the currency accepted/used by many. But the price shot up all the way from 0.8$ to an ATH of $20K. When people think of this, they look at it as some sort of investment. Bitcoin's primary goal is to be a digital currency that doesn't have an intermediary (like the banks). However, we can call it an investment too.
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That's wrong. Personally, I don't like kyc. I want my online activities to be incognito. And I'm sure there are users in that mining pool who distastes kyc too. Bitcoin supports anonymity so where are they getting their idea from? I'm sure the stats in the back-end would show the number of people they'll lose.
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You haven't really missed the opportunity. Just because it rose from 8 cents to and ATH of about 20k doesn't mean the train's goina stop here. To me, I see bitcoin reaching $100k (while others even say higher than that).
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From the best of my knowledge, you can't move physical currencies to crypto without going through the bank. How do you even buy crypto? Isn't it with money? I mean the local currency... And how do you get the local currency ready to buy crypto, don't you have to do a deposit or something with the bank?  Like what others said, you can buy bitcoin through e-wallets such as coins.ph, paypal and much more. And yes we buy bitcoins with money, I know that banks is one of the producers of our money yet it is possible to move physical currencies to cryptocurrency without it but that doesn't mean that we are banishing banks from our life. The question asked is tranferring fiat into cryptocurrency which is really possible, but it also requires transaction fees like what other banks do. Nope. You got an incomplete version of the question asked. The OP asked if it's possible without going through the bank. And to me, I still see the answer as a big 'NO'. You talked about PayPal. How do you get money into your PayPal account? Isn't it the deposit you made from the bank? ¯\_(ツ)_/¯. One way or the other, the bank is just init. |
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With about a decade old history, btc already achieved this price level and considering all the hiccups that it encountered, I don't think going back to zero will happen. We may experience up and down movement, but going to low level not gonna happen anymore. We surpassed this pandemic with good price, now what would be another major reason why it will crash?
Talking about the pandemic, I think bitcoin was also created for such a situation. I'm sure a lot of people have gotten to know bitcoin during this pandemic as it was one of the only means of making payments. |
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Lmao. If we are talking about the English language, you kinda stand to be right but the truth is that no matter the one I use, if you read it, you'd still understand.😅😅
Thanks for the correction tho. I'd take this into application while I try my best to know why and how.
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It's not a gender thing. Bitcoin doesn't "need" more women. There was a time someone made a thread like this. He got various points including the fact that someone us in this forum are actually female. Saying that they are female doesn't boast the transaction speed at reduce the fee. Maybe you want to create some statistics, but bitcoin?, it doesn't need women (being human is enough).
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