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4221  Other / Meta / Re: Curiosity about being merited for a comment on a 4-months old locked thread. on: March 13, 2022, 04:49:04 AM
I've had similar instances before, not necessarily on a locked thread but on a "dead" thread that hasn't received any replies for months and months.

My very rough guess: some peeps just really likes reading around; and if one of those kinds of peeps gets intrigued by one of your threads/replies, they might dig through your older posts because why not.
4222  Economy / Service Discussion / Re: Crypto debit card in Canada ??… on: March 13, 2022, 04:42:42 AM
But I need to stake and wait some time to get a crypto.com card no ??

As per this[1] article apparently the wait time for Canadians is 7-14 days. Not really sure what you mean by "stake" in this case though.


[1] https://help.crypto.com/en/articles/1345769-how-to-apply-for-a-crypto-com-visa-card
4223  Economy / Trading Discussion / Re: Is trading journals worth it? on: March 13, 2022, 04:37:50 AM
Some traders do write down what they feel or what they were thinking the moment they make a certain trade, and they use the journal to see mistake patterns and learn from them. e.g. you might not realize that you might have been FOMO'ing a lot, and checking your journal might help you see that.
4224  Other / Beginners & Help / Re: A throwback to crypto trends that happened in 2021 on: March 13, 2022, 04:33:07 AM
Shiba changed many people's life in 2021, it's indeed a year that will never be forgotten, with just 100$ investment in shiba inu many made 800$ to even 5000$ or more, it was a good experience as many who doesn't even know much about crypto fomo'd in just to try their lucks and they are well paid, crypto future looks brighter than ever no doubt.

I think crypto's future looks bright as well but are you really going to make that conclusion based on the $SHIB pump and dump? If anything that fiasco should make you bearish as hell.

And yea, easy to look at the ones who made money by selling at the top, but you're forgetting the ones that got stuck in their buy position.
4225  Economy / Web Wallets / Re: Bitcoin transfer value on: March 12, 2022, 05:43:28 PM
I transferred via Blockchain where the fee was automatically calculated at checkout. I didn't see an option to enter a fee myself. Is this an account specific feature?

OmegaStarScream already answered your question so just as a heads up: if you're handling huge amounts of money, grab a Ledger[1] or Trezor[2] hardware wallet so you have the best security of your funds. Using wallets such as Blockchain.com is life if you're only holding an amount that's not life-changing when stolen.


[1] https://ledger.com/
[2] https://trezor.io/
4226  Other / Beginners & Help / Re: It's my first time on here I hope I get some responses on: March 12, 2022, 05:31:35 PM
1.) Coinbase is safer if you are a complete newbie and don’t know how to use Decentralized Wallet and protect your recovery seed phrase because the chance of your balance being hack is very high if you are newbie and your computer has malware that exposed your private key. Most of the reported issue of account freeze on coinbase are those who has huge balance and multiple questionable transactions.

But if you have a better knowledge for securing your decentralized wallet. Decentralized wallet like electrum wallet and hardware wallet like trezor are your best choice for storing your funds without worrying for account freeze risk.
You meant non-custodial open-source wallet, right? There is no such thing as decentralized wallet besides Bitcoin Core. Also, hardware wallets from Ledger and Trezor are easy to use enough for the typical person(unless you're a grandparent that literally has no idea on how to use a computer). There's literally no reason to be holding funds on exchanges besides for trading purposes.

3.) Put your private key on a USB flash drive and encrypt it if you don’t want to write it down on a piece of paper.
No. Just write it down.
4227  Bitcoin / Bitcoin Discussion / Re: Billionaires and Bitcoin on: March 12, 2022, 07:12:21 AM
It's the masses that should be afraid, not the billionaires. Most if not all billionaires have all the connections they need to survive and live their lives normally. The masses, however, are pretty much screwed if they got their financial freedoms revoked.
4228  Other / Beginners & Help / Re: How far has Bitcoin been effective? on: March 12, 2022, 05:13:29 AM
read, read, read.

* If you like reading articles: https://coindesk.com/learn
* If you like reading books: https://theinternetofmoney.info/
* If you like watching videos: https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

Security related:
* https://cryptosec.info
* https://www.lopp.net/bitcoin-information/security.html

If you want to get more technical
* https://github.com/bitcoinbook/bitcoinbook#chapters
* https://github.com/ethereumbook/ethereumbook#chapters
4229  Economy / Speculation / Re: Bitcoin VS Oil VS Russia VS Ukraine on: March 12, 2022, 05:00:25 AM
The thing with bitcoin and markets in general is that having good news doesn't automatically convert into a price increase — this being a great example; after some people realize the importance of Bitcoin after the Ukraine-Russia situation and the Canadian Trucker protest situation you'd think that bitcoin should be rising in price. But what happened? It didn't. If anything, we've still been slowly but surely going down.

tl;dr there are so much moving parts in markets in general that you shouldn't be making decisions off individual "events".
4230  Bitcoin / Development & Technical Discussion / Re: bip 39 mnemonic pass phrase on: March 12, 2022, 04:05:05 AM
It's highly highly unlikely that I'd say it's impossible for there to be an update to Bitcoin that would make the current backup scheme obsolete. The devs and community always take backwards compatibility into account.

And no, you only need the 12-24 words (and the passphrase, if you've chosen to have one).

My second question is what coins are not covered by the BIP39 pass phrase? I heard etherum isn't but uses another standard. Any others? Do most coins do so? Thanks in advance!
Haven't heard of a single project that doesn't use BIP39.
4231  Economy / Speculation / Re: How these events will affect crypto market? on: March 11, 2022, 06:33:21 PM
Here's some general advice: if you're going to make investment decisions off specific events such as what you've listed — chances are, you're going to end up having a really bad time.

As for trading, while you sure can make quick trades over pumps/dumps, not because a certain news is bullish, it doesn't mean you're going to make money through an upwards price movement. A lot of times, if a certain news is bullish but everyone ended up expecting that certain good news, your long positions can end up in a very very bad situation.
4232  Bitcoin / Bitcoin Discussion / Re: 30,000 Bitcoin Buy-In on coinbase on: March 11, 2022, 06:28:32 PM
For those who are about to make decisions off purchase "events" such as this — huge purchases, huge sells, and huge wallet movements happen literally all the time that it shouldn't even be an indicator of neither bullishness or bearishness by now.
4233  Alternate cryptocurrencies / Altcoin Discussion / Re: What should I invest in? on: March 11, 2022, 06:24:54 PM
I agree
Buying many different altcoins and tokens doesn't increase your diversification.

As all those cryptocurrencies are highly correlated you are not diversifying.  A good portfolio is balanced along many different asset  classes such as stocks/bonds like you said.

*snip*

You agreed — as you should. This is one of those things that it isn't even merely an opinion; it's a mere fact data-wise. It's so funny how it's somewhat a controversial take for the new-cycle cryptocurrency "investors" lol.
4234  Alternate cryptocurrencies / Altcoin Discussion / Re: What should I invest in? on: March 11, 2022, 07:57:44 AM
Buy some BTC, BNB, ETH and hold, I don't buy the idea is investing all my money in one single asset, don't put all your eggs in one basket, BTC have stronger advantage over other coins but no one knows what the future may have in-store for us.

When we say "don't put all your eggs in one basket" it mostly means don't put it on one single asset class; also put some money in stocks and in businesses. Because spreading out your exposure in crypto to other coins and tokens doesn't actually decrease your risk — it increases it.
4235  Other / Beginners & Help / Re: What newbies first crypto step should be on: March 11, 2022, 07:40:25 AM
It really depends. Buying the coins first isn't necessarily bad, because it's recommended for people to try things out first and get a good grasp on how things work before actually going heavy into investing. I mean, I definitely wouldn't recommend anyone to invest a good amount of money into bitcoin if he/she hasn't even tried doing an on-chain transaction first; and you'd obviously need to have coins first before making a transaction.
4236  Economy / Economics / Re: Inflation hits USA on: March 11, 2022, 05:59:46 AM
Funny how some people on social media seems totally surprised by the announced inflation numbers, even though bitcoiners and goldbugs have been screaming on the top of their lungs about inflation for more than a year now.

Though a good amount of inflation is definitely here, I really wouldn't bet on hyperinflation though.
4237  Alternate cryptocurrencies / Altcoin Discussion / Re: What should I invest in? on: March 11, 2022, 05:35:48 AM
If you're asking us what to invest in, maybe don't invest just yet. Because if you know the industry enough, you'd know how to decide for yourself.

Educate yourself.

* If you like reading articles: https://coindesk.com/learn
* If you like reading books: https://theinternetofmoney.info/
* If you like watching videos: https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

Security related:
* https://cryptosec.info
* https://www.lopp.net/bitcoin-information/security.html

If you want to get more technical
* https://github.com/bitcoinbook/bitcoinbook#chapters
* https://github.com/ethereumbook/ethereumbook#chapters
4238  Bitcoin / Bitcoin Discussion / Re: An interesting project about lightning in the browser on: March 11, 2022, 03:19:42 AM
I'll be totally honest — I haven't used LN for a while now. But how fail-proof is it nowadays?

Also, while Bitrefill etc are great, I still think for LN to gain adoption, we need to get top betting sites(or like, exchanges, please) to implement it. Because gambling and speculation is still one of the top use-cases of bitcoin for the masses.
4239  Economy / Speculation / Re: Why is the price of BTC dropping? on: March 10, 2022, 10:07:09 AM
Bitcoin's price go up and down literally all the time that it's boggles my mind why people always sort of gets shocked quite a bit when volatile moves happen. tl;dr bitcoin is a very volatile asset and will remain volatile for a while, and the reason for it's price movements isn't so easy to find unlike with high-cap stocks.
4240  Local / Pilipinas / Re: Safest way to withdraw profits from Binance on: March 10, 2022, 08:41:48 AM
Binance P2P is fine as long as piliin mo ung matataas ung reputasyon, at wag ung isang bagsakang transaction kung malaki laki ung perang pinag uusapan.

Coins.ph kung gusto mong sobrang sigurado, downside is mahal ang fees.
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