The government can't collab with a decentralized system that they don't have control over it, that's the first thing to note,they can only have a friendly approach towards cryptocurrency.The governments are the most corrupt bodies on earth and they can sort out the whole inflation stuff happening in the country and stopping transferring aggression on cryptocurrency.Crytocurrency enthusiasts needs a government that doesn't give strict restrictions on cryptocurrency, cryptocurrency hasn't nothing to do with the economic failure of Nigeria.
|
|
|
The journey of holding Bitcoin is a bit tempting to newbies,the fact that the price move of Bitcoin fluctuates means no investor should sell his/her coins in panic.It is required of every investors to have a set goals and also build an emergency fund to avoid tampering of one's holdings at loss.If you're a long term holder you won't get worried about current price movement of bitcoin because bitcoin investment is not a get quick rich scheme investment, Bitcoin still remain a store of value so don't think it would drop more than what you expect.Having this thought that the price of Bitcoin would appreciate in the future will help you hold onto your coin tightly.
|
|
|
Tokens and coins are words that is used interchangeably in the crypto industry.Op the words are different you're mistaking tokens to as coins.Coins are crypto that have their own independent Blockchain network while tokens depends on existing Blockchain.I'm not a financial adviser but I'd advise you to utilize your time and funds on reputable coins in the crypto industry like BTC and Ethereum.It is also important to note that not all altcoins and tokens increase in price during BTC bull run,so in other words to avoid uncalculated risk stop spending your time on shitcoins.Tapping your screen isn't mining, mining requires expensive resources so don't be deceived.
|
|
|
There are different ways one can earn Bitcoin,and also note that there's no free way of earning Bitcoin.A person can advertise his project on service board and accept Bitcoin as a payment method.Several tasks are carried out on online platforms where people get their rewards from Bitcoin.Trading and investing is also a reliable way one can earn Bitcoin but different roles are played, trading is a quick way of earning profits from technical analysis but it's risky while investing is a long term that requires holding with reasonable returns at the long run.Crypto faucets is also a way of earning Bitcoin as a result of completing tasks like promoting ads, watching videos and completing puzzle.Most folks do think crypto faucets is a free way to earn Bitcoin,but it isn't even in Freetown nothing is free.
|
|
|
It is good to enlighten your children about Bitcoin,we are in a digital world so enlightening your children about Bitcoin is just like explaining Bitcoin as an electronic cash and also an asset that can be invested for the long term with returns.In my country children are eager to know about Bitcoin,even the smallest child in my neighborhood know about Bitcoin.If you feel like educating your children about Bitcoin,it is actually a good move,you are their dad and you know what is best for them and what isn't.It is left for your children to select what investment they're comfortable with it mustn't be Bitcoin,in essence some might pick interest while some will love to know.
|
|
|
Inability to screenshot seed phrase shows that most wallet are concern about their users security.Even those wallet that enables it users to screenshot their seed phrase are also open to their users that smartphone is never a safe zone to secure their seed phrase.Screenshots of seed phrase is just like losing hold of ones privacy because your smartphone can be accessed by friends and relatives,and you can't tell if the person knows the value and importance of seed phrase in regards to digital wallet.Crypto users that knows the worth of their asset won't think of screenshoting or saving their seed phrase digitally.The best way to store seed phrase is storing it offline or encrypt it on a steel and placed somewhere private.
|
|
|
Op I believe you've received quality answers from high rank members of the forum.In addition to bump a thread, bumping as the word implies is to push up a thread to the first page where other members of the forum might be interested to share their ideas.Not all threads need to be bumped up most especially the irrelevant ones,debative threads are always at the first page of every board,when you create a thread that is not worth debating it wouldn't gain much attention from members of this forum and other debative threads will swallow it up,and there's absolutely no reason to push up threads to the first page when it's isn't necessary otherwise it's just like spamming the forum.
|
|
|
Hi fellas, I'm a noob in this forum, actually not really a noob, I've been looking at this forum for 3 months before deciding to create an account, there's a lot I've read, but I think I still need a lot advices from old users, what should I do now?
First I say you're welcome to Bitcointalk forum.You are a newbie in the forum but I believe you have a little insight about the forum because you've been going through the forum for 3 months before you got your account registered.The forum is open for newbies to dive into vital informations about Bitcoin and cryptocurrency.As a newbie you're in your learning process so you have to read more about Bitcoin and make your own research.Feel free to ask questions, there are knowledgeable members on the forum that always have an answer to questions and also to avoid repeated questions you can make use of the search engine.It is important to note that the forum is governed by rules,so it's important to read the rules and adhere to the rules of the forum.
|
|
|
The forum dey broad to acquire any of knowledge of your choice but the main Koko why dem create the forum na to discuss about Bitcoin.Many thing dey to learn and contribute for this forum outside Bitcoin.We get political scientists and economists for this forum both newbies and veterans and when dem no dey knowledgeable about bitcoin dem fit dey share their ideas about politics and economic growth for politic and society and economics board .E dey advisable as a newbie to learn about Bitcoin because the forum na forum wey major discussed threads na about Bitcoin.Read more on Bitcoin and try dey comment less since you're a newbie in the forum.
|
|
|
Bitcoin no be short term investment,even if most newbies wan invest their fund into Bitcoin dem dey get the thought say when dem don invest their fund the price go increase the next week or month,dat one na just deceive dem dey deceive themselves.Every newbies suppose do their own research know say Bitcoin no be get quick rich scheme,and so Bitcoin no be stable currency, Bitcoin dey fluctuate you fit buy Bitcoin when the price dey $67k just to wake only to see sey the price don drop to $63k.E dey important to note say make no newbie go save e moni put for Bitcoin dey think say the moni go dey increase every seconds that one na big lie.Many people don see the reality,I dey hear of cases wey student dey invest their school fees for the short term with the mindset say the coins go profit dem for the short term and when price continue to decline for the short term na expectation=regret dem go see.
|
|
|
I think I have seen two or more places where people are saying that bitcoin investment is like gambling where they bet and expect some specific results. To me I can't still adhered to that saying because bitcoin investment can never be termed as gambling or betting, why because when you bet and you lose your money it's irreversible meaning you lost your money but with bitcoin when price drops you can only have patients while the price comes up again then you may decide to sell off your asset at the favorable price which you wanted. Bitcoin might be like gambling for those who invest in morning and want good return in the evening. There might be few day traders who have got good profit but real profit in Bitcoin comes if you invest for long time. Try DCA or lump sum investment over a longer period of time and you can notice how secure and profitable Bitcoin is. Refer to historical price of bitcoin and it will be clear that Price of Bitcoin is always going up with time, you just need to have patience to HODL. Bitcoin investment is more profitable than trading,most folks are enveloped with fear because they're afraid of losing their coins at risk.Trading is not as easy as most folks think it is,due to the Op's person observation the price moves high in night and decline in the daytime,your observation might be pretty correct but you should also know that during the night time that you trade your coin profitably could be the day hours of another person's country,so the time doesn't matter in Bitcoin price movement except your referring to the bull moment.Investing and trading Bitcoin isn't gambling,in trading one needs to know the fundamental and technical analysis of the market while investing is buying Bitcoin with DCA or lump sum strategy and holding onto it till the price appreciates.
|
|
|
I prefer Bitcoin to altcoin because Bitcoin is the surest and realest coin in the crypto space.No altcoin have been able to defeat Bitcoin not even the reputable altcoins in the crypto space.Bitcoin uses the PoW that ensures the Blockchain network is secured.Most altcoins that are pumping into the crypto space are pump and dump scheme and also ponzi scheme, that's why altcoins lovers are always making proper research before investing their funds to scam project but with Bitcoin you are rest assured that no matter the dip it's definitely going to bounce back.Bitcoin controls all coin, during Bitcoin bull moment most altcoins in crypto space are affected positively (Skyrocket).
|
|
|
Money is an asset that is used to purchase the basic needs of life and wants of a being.There are lot of statements people say about money like for example- Money doesn't buy happiness,money stops nonsense,a man without money is a lifeless being,in my own perspective those words are untrue.Money doesn't buy happiness your ability of being productive with the money you have produce happiness.God created man and man created money so we shouldn't be carried away with the love of money,being productive with available resources can create a sustainable wealth.
|
|
|
To entrust your investment give your family member dey very important because nobody fit predict the future.We dey hear of cases wey wealthy men wey get investment and assets dey die without disclosing any inheritable investment or assets to their relatives,and in such case their family members go dey ravage in poverty while their father/uncle get investment or valuable asset wey fit help matter.And before person go disclose him investment give any of him relative na person wey him trust the most like wife or your child,after that educating the person about Bitcoin nai be next, enlighten the person about and Bitcoin how the Blockchain network works and how to keep seed phrase safe offline and private keys if na hardware wallet.Once an investor don enlighten the person wey him trust about Bitcoin even after the person don die the whole stuff no go dey new and confusing to the trustee.
|
|
|
YouTubers hypes no dey efficient at all because na dem dey facilitate FUD to those people wey dey come into the crypto space new.Youtubers dey also come up with clickbait to seek attention from the public,dem know quite well say if dem no come up with clickbait their clicks,followers,like,comment no go count.All those informations wey most YouTubers dey yan na hypes about get quick rich scheme projects and misleading informations wey dey give their followers pure fantasy.As a newbie e dey advisable to avoid hypes by YouTubers because na their money dem dey make,dem dey create content to promote scam projects and later de projects dey pay dem for promoting their projects.Any project wey you invest DYOR properly and visit the project their whitepaper by so doing e go help you dictate if whether the project na scam or legit.
|
|
|
Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... Both investments are safe haven asset,but there's a big difference between gold and Bitcoin.Gold and Bitcoin are hedge against economic downturn,you mustn't prefer Bitcoin go for an investment you'll be able to bear the risk.Most investors prefer assets that are more stable while most investors prefer an asset that has both bearish and bullish season.When we talk about Bitcoin, it's the new gold that it's in a digitalized form and decentralized nature.Bitcoin price history from the day it was invented till date gives a clear picture that Bitcoin it's worth more than any stable asset.I prefer Bitcoin to gold.
|
|
|
To protect our password na one of the sole responsibility of a bitcoiner and how to take setup a strong password nai matter alot.Hackers dey find am easy to access weaker password pass strong password.Op wetin I grab most for your content na use special characters; special characters nai be the punctuation marks and other symbols then use password more than 10 words also dey important at least 12+ words wey mix with special characters.Even if a bitcoiner use 12+ words without special characters ehn password still dey vulnerable to hackers.E dey advisable to manage your passwords for password manager or store dem offline but storing passwords offline means say the person suppose dey mindful because fire fit burn the paper or it can be destroyed by flood or even accessed by offline hackers.
|
|
|
Welcome mate to Bitcointalk forum,on this forum you'll get to learn, explore and enhance your knowledge about Bitcoin.Don't ever take it to yourself that your too late to the Bitcoin community,you came here to learn about Bitcoin so you just have to be focused and dedicate your time and energy to learn from experienced bitcoiners on the forum.When I got my account registered,I spent time to learn from high rank members because they've been into Bitcoin for years and they have the experience that I don't have.Understanding Bitcoin as most newbies will say it's difficult,but it isn't if only you choose to learn from experienced bitcoiners and DYOR.Adopting DCA strategy and buying small units of Bitcoin (Satoshi) gives a newbie more confidence to never think he/she is too late in the Bitcoin industry.
|
|
|
Bitcoin accumulation strategy is one of the most discussed topic on this forum and the community at large.The recognized strategies that bitcoiners have adopted in respect to accumulating Bitcoin are DCA(Dollar cost averaging),Lump sum and buying the dip.And it has always been the tradition of most bitcoiners to adopt the DCA strategy as the preferred one among the rest,all I'm trying to say is all the strategies are good and accepted but DCA strategy is most preferred.A bitcoiner can accumulate Bitcoin with the lump sum strategy from his extra fund or an inherited fund while buying the dip is a speculative strategy in essence waiting for a price decline to take advantage of the market.The DCA strategy is preferred because it doesn't give a bitcoiner the impression to wait for a price decline or lump sum from an extra fund or inherited fund but with DCA strategy one can start accumulating no matter the current price,he/she accumulate bitcoin on a fixed amount at a regular interval it could be weekly or monthly.
|
|
|
|