But the truth is I have always thought of this for a long time bitcoin looks like there are many coin in it, because manner at which this coin values, if you add four coins value together they won't still reach its value, though this is my thought. Bitcoin no get many coins inside oh, na only Bitcoin dey there, the value big as e big because of the power of demand and supply, Bitcoin get very low supply just 21 million wey dey like this so imagine all the demand wey e get yet na only 21 millions wey person fit buy unlike all this altcoins wey dey get billions of supply. The more the demand of Bitcoin dey increase the more the price go dey go up and na why Bitcoin better pass all this altcoins as guarantee dey say demand go dey come for Bitcoin side but this altcoins no get guarantee as you fit self no know which one wey people go hype for the upcoming market season so e just better you stay with wetin you know say no matter how e go be, e must rise due to the demand wey the market go get after halving wey dey come up. One thing you need to know be say, in life there are bound to be competitions. If there are no competitions, it means say, your product no make sense. Just like Gold Is tested by fire, Bitcoin has been tested, is still being tested, and will continue to be tested by the emergence of many minor coins whose orientation, originality and stability is no where comparable to bitcoin. I no see all this altcoins as competition to Bitcoin self because their weight no reach na. If na adoption dem no get, Ethereum self wey me I been dey think say go fit challenge Bitcoin for the top spot for adoption and trading volume done go mumu change algorithm and now e dey staking wey just dey give power to those with the highest amount of Ethereum to control the market and centralized the blockchain more. We supposed know say na whales and exchange go get the most power for the staking algorithm as na dem go get the most Ethereum. Altcoins dey compete among demselfs as dem dey find who go come out second to Bitcoin and not having any competition with Bitcoin. Bitcoin just dey him own line and miles ahead of the other cryptocurency dem. |
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Nigeria because we do study hard for it but I doubt in 10 years time if we will be able to say this again because of the high rate of student turning to this Ai thing basically I see it helpful a little bit but I will still encourage you to still study so you wouldn't be taken unaware with wrong answers. Wetin dey cause this one na say, students dun see say nothing come out from the education system as after you spend all the 4 years for school, everything you learn nothing you go fit use am do as work no dey so na to dey find other hustle wey go pay you while you dey school. Now students dey look for quicker means to use commot the school and na wetin make sorting dey increase for university. Another thing na to use AI use do your assignments dem wey go help you get better score so e for boost your final score and you no need to sort much. If you no use the short cuts dem, people dey wey go use am and do better than you so next time, you no get option but to follow dem use. If Nigerian students go overseas dem go still do well because no be as a result of wetin dem dey teach us wey dey make us dey brilliant but due to our own hustle. The system there dey encouraging and how we dey succeed no go change. What exactly should we expect from a country where we have an illiterate ruling us as the president of the country, I personally do not see Ai as a threat to our educational system, but rather, a technology that will bring alot of improvement into our educational system if well applied, managed and regulated. We no get a system wey we go fit implement AI technology for our teaching sector and make it work, instead we go use am wrongly as student no go dey interested for learning again instead dem go go for the answer to any exam questions, students no dey read to know when dem dey Nigerian schools, dem dey read and learn to pass exam and na all the focus be dat so AI for this side go get more negative impact. We first need to change our educational systems as e dun lose the values e been get before. Imagine say the way our forefathers been learn na so we still dey learn. The school curriculum need to be changed to the 21st century learning pattern then na when any involvement of AI go come work for the schooling system. |
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I don't like this one but you can also use bitcoin on other blockchain, I think bsc has one of the biggest liquidity of bitcoin. You can simply receive bitcoin token in large quantities and when you are done, send them to an exchange and then withdraw real bitcoin quick. Note that the bitcoin on other chain are not be hold, once you are done having them, send them to exchange where you can withdraw real bitcoin to your personal wallet address.
The suggestion no bad as e go help make confirmation faster since some blockchain get a very fast confirmation speed pass Bitcoin blockchain but why I no go advice make we use Bitcoin on other blockchain na say, you no dey promote the use of Bitcoin well to begin with and you dey exposed yourself and customers to the volatility of Altcoins as those Bitcoin wey dey those other Blockchain are basically altcoins. Scammers fit send you a different Bitcoin wey no dey the main smart contract of the real pegged Bitcoin and if you no dey very observant dem go scam you. Scammers will create multiple pegged Bitcoin that are fake and newbies wey no sabi wetin dey sup go fall victim. But if you are scared that the Naira will lose it's value before the the high transaction cost for bitcoin network go reduce, I go come suggest you use the same amount you sell out and convert it to USD or USDT. By doing this you won't run any loss, and you can easily use the usd or usdt and buy bitcoin when the high cost is reduced. As a business man don't ever lose a customer because of one payment platform is experiencing little problem.
As you dey accept Bitcoin, you no go only accept Bitcoin na if you be wise business man. Altcoins are a part of the industry anyhow we like am or not so using some other altcoins when Bitcoin dey experience some downside no bad. You fit also accept stablecoin, usdt is one of the most traded stablecoin and you fit decide to accept am as the transaction fee no too cost and you fit get quick liquidity when you wan sell. Immediately Bitcoin network returns to normal, you fit begin to accept Bitcoin back. Just as you talk, e no wise to lose customers irrespective of the reasons as dat person fit discourage potential customers from patronizing you and na so more go dey go another place go buy something. Always put your customers need first so make dem comfortable at all times. |
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Week 04 payments has been processed. Eloncoin is been sent, check your wallet for eligible participants. Bitcoin Escrow Address:  Eloncoin Escrow Address: EW12bB9Hqe9LoFxA9xoJgugV5tydFAn7mF: https://explorer.eloncoin.org/address/EW12bB9Hqe9LoFxA9xoJgugV5tydFAn7mF👉 We still have OPEN SLOTs for tier E for all ranks, drop your application below if you're willing to accept the payrate. 👉 If you have a red tag, neutral tag for spamming don't bother applying. 👉 If you have an inactive account don't bother applying (first page of post history still has posts from previous months). 👉 Remember not to spam as your accounts are been watched by spam watchers and if you're tagged or reported you'll be dropped from campaign without payment. 👉 if you have any inquiries or complains don't hesitate to inbox me or message me on Telegram @PedroBrainbossBM for faster response. Immediately you're accepted, you can begin work for the week, do have a wonderful weekdays ahead.
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Week 06 payments has been processed.Bitvest Escrow Address: Current balance:  👉 We still have OPEN SLOTs for tier E for all ranks, drop your application below if you're willing to accept the payrate. 👉 If you have a red tag, neutral tag for spamming don't bother applying. 👉 If you have an inactive account don't bother applying (first 1/2 page of post history still has posts from previous months). 👉 Remember not to spam as your accounts are been watched by spam watchers and if you're tagged or reported you'll be dropped from campaign without payment. 👉 if you have any inquiries or complains don't hesitate to inbox me or message me on Telegram @PedroBrainbossBM for faster response. Immediately you're accepted, you can begin work for the week, do have a wonderful weekdays ahead.
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He doesn't know whether he should sell these 4 Bitcoins in the next bull run in order to live his life, since he is in his early 20s, or whether he should continue to work and stack, since the Bitcoin can continue to rise steadily.
He finds himself in a mental dilemma between.
Basically, we know that Bitcoin is something like a safe haven.
Do you have any tips or how would you behave if you were in a similar situation? He should continues to work and stack as it'll be more beneficial to him then selling and wasting the money on things that won't have a future price appreciation. If he isn't in need of large sum of money that demands him to sell his investment, why is he considering selling. Your friend is still young so he should use this opportunity to keep on stacking and in the future he'll thank himself for taking this decision instead of wasting his money on wants that aren't necessary in life. If he's scared of the bear market that'll follow after the bull market comes then he can delete his wallet from his device so he doesn't see the value of his Bitcoin dropping but keep on stacking.The price of Bitcoin is programmed to always increase in value after the halving and let say the price doesn't increase by much after some certain numbers of the halving still by hodling he should be in profits that would be better than the price he would have sold if he does that currently. He can consider Bitcoin as his retirement plans and keep stacking bitcoin to be sold when he has reach an older year that he can no longer work for money then he'll sell his Bitcoin and live the comfortable life he's dreaming about having now. He shouldn't make the mistake many people make by enjoying their youthful years while they don't plan for future years. |
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Why are you after a quick profit investment, when you know that there is no investment that has lasted, that will give quick profit. The only way that you can profit from bitcoin is when you invest in a long term and focus your mindset on a long term goal with regular DCA. When you invest in bitcoin for a short term, the possibility of you to run at loss is high than when you invest in long term. Invest wisely...
Both investing for long and short time duration can be profitable but it depends on the person involved in the investment as when you have taken time to learn how to trade and mastered it then investing for a short while you'll always make profits and not losses while as if you have developed the habit of patience and decided to go hodl your investment, you'll also make profits so everything depends on the person involved in the investment. There are some benefits of investing for a longer duration and that's why it's been advocated by forum members. When you Investment goes long term, you take out the mindset of quick gains which are very wrong to have as you'll be seeing Bitcoin as a hyip when you're only after the short term profits. Hodling gives you more advantage to make more profits than trading (or selling too early) won't give you. You also don't have to be actively monitoring the market when you're hodling for a long time but a trader has to put himself out in the market and get exposed to the volatility of the market that can make you to lose your investment. Investing are meant to be long term focused generally. |
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So in short to accept bitcoin for businesses now no de profitable at all, because seller and buyer no go wan bear the cost of the high fees. E no dey profitable in general when the transaction fees high like this but you no only accept Bitcoin as a currency because of its profitablity, you accept am because of the other features wey e get like decentralized nature, fastness. In this times na when e good to promote some scalable solution like lightening network wey developers been dun introduced for Bitcoin. You fit dey use am dey receive Bitcoin with a very small fees while the congestion problem go dey sort himself. No system dey 100% perfect, consider wetin dey happen now as wetin dey sup with banks dey get network issue dey full everywhere wey your transaction no go fit dey work or e dey reversed anyhow. Wetin you go just do in times like dis na to just go back to dey use Naira until everything stabilize that's if you no wan use the lightening network solutions as no be everybody dey like am as e dey complicated somehow. Make this congestion no discourage you to no accept Bitcoin, me I believe say a perfect solution will be implemented soon as e good make this congestion dey happen make the developers know say dem get a very big challenge wey dem need address before Bitcoin get more global acceptance make this kind thing no happen when Bitcoin dun go more global. |
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How feasible will it be for our president to invest in bitcoin to cover up these debts and strengthen our economy?
since we know that bitcoin halving is coming next year and this may likely make Bitcoin hit a new all time high with the span of 2 years and also the high increased of the chance of SEC accepting Bitcoin ETF which is a great news for bitcoin and also we are currently in the bullish season.
They can't, this is because they don't understand the industry to begin with and next, the international relationship they have with the western world won't allow them to invest in Bitcoin. The government investing in Bitcoin automatically means they're endorsing the currency and USA and other international friends no go happy with dem as dem dey try see way wey dem go kills the currency you comot dey endorse am. The government also like to dey incharge and when dem buy Bitcoin, dem no go dey incharge instead other big country policies go dey impact the market which isn't what the Nigerian government will want. Government no want make Bitcoin succeed especially in Nigeria. If Bitcoin succeed as a accepted currency e go take all the power away from government. Just see which day wey the government try stop the endsars protest but because funding been dey come through Bitcoin, the youths fit organized themselves arrange the protest to be successful. If you remember, dem ban people bank accounts dem when dem discover say na their account dem dey send money to use arrange the protest. The Nigerian government no go do anything wey go give us green light say we fit invest for Bitcoin so dem investing demselfs no be option. Bitcoin is a highly speculative market and those incharge of the affairs of the country no go want put their hopes on something wey fit change direction any moment without them having a say in it. Imagine dem invest and Bitcoin come crash meanwhile dem need to money for the countries 2024/2025 budget. It's a big risk and I no sure say anybody wey dey government go wan take the blame incase e no work as dem plan. Just like individuals, the government shoudn't invest money that'll be needed urgently into Bitcoin. |
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So we too sopos reason this matter say if I dey buy this bitcoin they keep for like 13 to 15 years adding to my age now say person go also make am. bitcoin price of today at $37k fit reach $500k by then because as the halving dey always dey come naso the price they grow.
Na the Koko be dat na, investing in Bitcoin no be only for current gains or future profits but also for retirement as our country retirement plans self no too go well. If you dey buy Bitcoin from today until you retire, e no get how your portfolio no go dey in profits in years to come no matter how the market be. Saving in Bitcoin na sure update as you no go only make profits but you dey sure say your wealth no go reduce due to inflation. No be only oil workers wey get the benefits oh based on the kind money wey dem dey make but the common man too fit use the opportunity wey Bitcoin dun provide to use secure him future after retirement. Bitcoin na the best place to run your retirement plans not only because of the potential price gain wey e go fit give but also because of the feature of been in control of your finances too. With Bitcoin na you dey in control so e sure for you say anything wey you dun save and Invest, you go get access to am anytime no be all this banks wey go get procedures after procedures to stress you for your own money too wey you keep for their hand and come delay you. Just say as you dey use Bitcoin so, you need understand say if you behave anyhow and exposed your sensitive information, all your investment dun go be dat as hackers and scammers plenty wey dey look for their next victim. You need put security as your top most concern and secure your investment very well make you no go dey become another pity story of funds been stolen. |
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I greet everyone I know many of us wey dey here suppose don get better understanding about crypto-currency and even how to trade on binance but I still believe that this forum is growing and there are still many newbies coming in.
so to go straight to the point my friend who is a bit new to crypto-currency was telling me about here experience sell her Bitcoin a popular exchange she has already understood some of the basic on how to sell but this Time while selling the buyer asked for here number which she gave and then chatted her demanding that they trade outside the exchange, and even offered a higher deal than the exchange. this is a big red flag because you a vulnerable to getting scammed if you are trading with someone you don't know off the exchange no matter how juicy the offer is.
P2P trading no end for Binance but if you meet a trader on Binance no go follow am comot off exchange no matter wetin him tell you as many news wey dey get that can narrative dey always end in scams but e no mean say trades no dey happen off exchanges. We get local vendors wey we fit trade with and they're as good as those centralized platforms wey we dey patronized. The main thing be say as you dey deal with any P2P trade on a platform wey no get escrow you need dey careful make you no go dey trade with scammers as dem plenty online. If you no wan use CEX like Binance exchange dem you fit ask around and get better merchant wey dey run the buying and selling for your area but you go need dey security careful make you no go dey present yourself to them as been too rich before them set you up. Always learn to dey trade in batches and e no go bad to disguise yourself as also a merchant trading others coin so e no go belike all the money wey you dey trade na your own. Another thing na to dey avoid high rate, whether na for Binance exchange oh or for local vendors, high rate na trick wey scammers dey use to attract greedy people so you need dey lower your longer throat den to dey regret later say your money dun loss due to scam. E better you buy or sell at a moderate rate and be guaranteed your trade been successful then to go dey chase high rate. |
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it is so obvious that majority of the world is totally dependable on Bitcoin.
but I think that in anything we do we should try as much as having a plan b, there is nothing wrong if we invest in other business as plan b.
for example I have seen most men who are international staffs in an oil companies taking a huge amount of money at every end of the month not knowing that nothing last forever more especially money.
so am on the opinion that every Bitcoin miner should have a plan b of investing in other business to avoid the story that touch.
The world continues, the end of Bitcoin no be the end of the world, nothing go last forever normally so even Bitcoin no go dey until the world end. The title of your posts dey different from the body of your post as for the title you dey talk like say make we no invest for bitcoin but the body, na advice for us to buy Bitcoin you dey try talk. Majority of the world aren't depending on Bitcoin, Bitcoin never get any better share of the economy of the world self so we still dey far from dominating or making people to depend on Bitcoin. Where you fit say dey dependant on Bitcoin na that altcoin market as na Bitcoin dey control everything wey dey happen dat side.Your post dey reason us say make we dey diversify and nothing bad to dey run am like that. All of us here know say we no supposed dey put all our eggs for one basket so as we dey make profits for Bitcoin or get better cashout for our other businesses, e go make sense say we dey Invest for other businesses as well and me I go say make dem be physical so Incase anything happen online we fit dey get physical cash to dey use hold body. This one wey you dey talk about miners so, sure say no be mistake wey you make as na Bitcoin investors wey you wan talk (e makes more sense for the sentence). Sha Irrespective of what you're doing make sure you always have a plan B Incase A no deliver you fit get something to fall back on. |
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Most people never knew Bitcoin will be this huge and important because I wish they do everyone would've at least have 10 of it but again there are people who have this Bitcoin but because the value then was not encouraging most people lost their wallet password, am saying this because I know most people do actually lost their wallet password before they heard Bitcoin is now a great coin.
However, what am saying in essence is that whatsoever coin you have or you are mining please keep it safe and don't forget your password very important because you can't and will never recover the password. I believed within a short time most of these coin will have a great value, a value that one of it will change your story.
Investing in altcoins are a gamble and not a guarantee investment like Bitcoin. Your post is trying to compare altcoins with Bitcoin which is very wrong as they're in no way alike. Most altcoins will end up not existing in the next 5 years but Bitcoin will be trading and still very popular because it controls the whole industry and has years of trust from the community. Don't hold altcoins in expectation of having similar success to Bitcoin as you'll end up more disappointed than you'll actually hit the jackpot with one. Altcoin are good for speculation and if you invest in them get rid of them before they start been worthless. Every bull market, new altcoins get launched and there's no guarantee that they'll be around when the next bull market comes. Altcoin survive on hype so when that's not coming any longer, they'll stop giving profits and start declining. If you have any altcoin make sure you take profits before they start losing value but Bitcoin should be held because we'll only have 21 million supply of Bitcoin and soon it won't be this cheap any longer as we have more institutional investors coming into the industry with their large bank accounts to get a fair share of the market. Security on the other hand is very essential in the industry because without been security cautious, you'll lose your investment very often to scammers as they're numerous in number waiting on their next victim to defraud. Learn to use only non custodial open source wallets that you're guarantee full control of your Bitcoin in your wallet and don't store your coins on exchanges. |
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I hope that a long time from now, most newbies will stop making news from this kind of temporary network congestion, and start focusing more on how to contribute to making the Bitcoin network cleaner and globally adaptable to all, for me I don't see any negativity in bitcoin but rather a lot of opportunity to develop along with Bitcoin as an alternative among another alternatives.
Currently, the high fee is a negativity buddy but we know it'll be sorted out in the future and it's just a matter of time before that happens. Congestion of the blockchain has been a big issue and the OGs aren't complaining because they're already used to this issue happening many times and it's not because they don't think the fee is high. One of Bitcoin selling point was low transaction fees but that isn't the case so you don't expect people to just accept paying miners this outrageous fees we have to pay to get our transaction confirm faster. If bitcoin was to be accepted globally by now don't you think the scalability problem will cause many discomfort among clients, consumers using the Bitcoin blockchain. Some transaction has stayed days and weeks without confirmation and it's very annoying because many use Bitcoin because of its reputation of fast transactions. And this congestion is obstructing many business from going on. Buddy Bitcoin network fee are high, just because you can afford it doesn't make it not high, this is meant to be an industry for everyone and not only for the rich ones among us. We're already at a disadvantage to the elites with the banks, it won't be nice been at a disadvantage here as well when this is meant to be where we come for equality. Instead of denying the fact on ground, we should put heads together and come up with a solution that'll solve the scalability issues and one that can be widely accepted too by the community. |
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Apart from the fact that we are all bitcoinner, I believe one common thing I find among us is the fact that we are all individual that are very passionate and committed at becoming successful at what we do and I hope this meets someone well out there.
Lets bring this to the forum, those who are willing to pay the price are those that are becoming successful on the forum, it's not a surprise when you see other users that you both started your journey on the forum around the same time but they're doing better and you're not. It means they're doing something that you aren't doing. They're dedicating time to learn about Bitcoin and other quality discussion to introduced into the forum and they get rewarded for it. We have to make scarified if we want to succeed in life. We have to learn to put in the work first before we start looking for rewards. When investing in Bitcoin too, only the patience ones get rewarded. Those who are building their portfolio by DCA are the ones that'll be rewarded the most at the end of the bull market so if we wish to be among them then we have to increase our hustling power so we can generate enough funds that'll be used in purchasing Bitcoin for holding. When we accumulating during this periods that others are panicking or keeps hodling our position in Bitcoin, it means we're paying the price others aren't willing to pay and Bitcoin will reward is at the end with profits beyond our imagination. |
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?
If there are reasons I would like to discuss them.
From what I understand by "never selling" it means not taking profits at the top to buy back at the bottom as many people advise here and outside the forum. They're hodling for the future and not interested in the short profits people make with each Bitcoin cycle. We can never hodl forever unless we have well paying jobs that can take care of all our needs and wants that we won't have a need of the profits that we would have made from Bitcoin and even though, at a point we'll take some profits but the frequent selling to rebuy won't be done. Even pure maximalist also sell Bitcoin when they're in need of cash. People are investing in Bitcoin for many reasons and some of them is to secure their wealth, this set of people's don't have to sell whenever there's any corrections in the market and they can are the set of people that'll live by their word of never selling Bitcoin as they keep using it as a store of value. We also have those that are investing in Bitcoin for generationally purpose (generational wealth that they'll pass down to their heirs). This set of people will also live by their words that they'll never sell but for the rest of investors buying Bitcoin for capital gains, they'll sell at some point in the future so their hodling won't be forever and there's nothing wrong with that. The whole phrase of "never selling" for most investors is associated with their emotion as they don't mean it because a majority are selling and that's why we keep seeing Bitcoin taking a dip as if there was no selling pressure ongoing, Bitcoin should have been holdings strong and not getting dump. |
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No one is asking you to appear better than you are. On the contrary, it is easy to know if a person is participating for the sake of learning and for merit points. Focus on learning, learn daily for an hour (read books or watch YouTube videos), and I am certain that the knowledge that will be You have enough within a month to write high-quality posts without needing to plagiarize.
Looking at the way people attack newbies on the forum I don't blame people that try to look more knowledgeable than they're by stealing people's contents to present it as theirs but I'm not encouraging this act though just saying we're putting too much pressure on newbies. Aren't the punishment too harsh and encouraging creating of alts accounts by banned users. We have to let loose a little bit, Your points are perfect and anybody's that follows it will get a happy ending. Newbies should focus on learning first before thinking about earning from their time been spent here but from the beginning majority of people's been introduced here were been told that they can make money and that's why they're always money minded and not get what the forum is about. What I notice in the forum is that newbies do not like to make post in a place that is not well understood by them and sometimes when newbies make a post in the thread that well understood the concept it lead them to write off topic, sometimes what contribute for all this kind of things that in newbies is when they are interested to earn merit so that they can rank up for new positions, If newbies were writing on threads that they understand then we won't be having problem with the nuisance they create on the forum from their spamming but they don't. They actually are guilty of writing more on thread that they don't understand which leads to spam that older users are complaining about. Newbie should enjoy been a newbie and don't put too much pressure on themselves to write very quality. They can write the best way they can but not spam the forum and engage on topic they have understanding on. With time they'll understand the forum properly and can participate on more quality discussion. One way to know a genuine newbie is the way he engage the forum as they don't always start by writing well structured and quality information but just general knowledge. |
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To what extent do you believe in the long-term viability and stability of Bitcoin as a leading cryptocurrency, considering the impact of decentralized finance (DeFi) and non-fungible tokens (NFTs) on its perceived value, adoption, and regulatory landscape? How do you perceive the potential influence of DeFi and NFTs on the trustworthiness and growth potential of Bitcoin, and how does this factor into your overall level of trust in the digital asset ?
To make it simple from 0 to 100 how much do u trust on Bitcoin ?
A 100% Bitcoin is always going to be better than any narratives that's been spread for some group of people's selfish interest. Defi or whatever new thing that's trending now wasn't the first to come into the picture. Every bull market a new trend comes along but guess what, with time they'll all fade away and that's why it's very important not to neglect Bitcoin and case after those new trends as you'll regret such decisions in future. At a time we had masternood projects dominating the industry and it moved to defi, metaverse and other trends like AI and so on. They'll have their fair share of the market but as their hypes dies so will they vanish from the market and if you put your hopes on them, you'll regret. There's nothing wrong in trading them for some profits but never neglect Bitcoin because of some trend that'll fail soon. For one to trust bitcoin completely will be a mistake because there no 100% guarantee that bitcoin will survive for ever or that the price will keep pumping till infinity. But I do believe that the possibility for bitcoin value to increase with timeline is higher than it going down. This is why it is good to only invest with the amount that you can avoid to lose so that if anything happens along the line, you can continue with your life without much effect of your loss on you financially. There's something called first mover advantage and that's what Bitcoin has, Bitcoin is going to be in the game longer than any other cryptocurency projects because it's the most trusted and that isn't going away. Bitcoin opened the door for others so it'll always have that respect as the first one to do it. In regards to trust between altcoins and Bitcoin, Bitcoin should be given the priority because no altcoins will overtake it. Altcoin and the trends the OP is talking about will come and go but Bitcoin will still be here. Those altcoins do well for a very short timeframe like we have currently with AI season that projects with focus on AI are receiving the most attention. After now they'll stop doing well but Bitcoin will always been in the limelight even when those trends are at their highest peak. Saying no one should trust Bitcoin completely is misleading because what's there not to trust Bitcoin completely for? Nothing will last forever so that's not a reason not to trust Bitcoin. |
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I am new to Bitcointalk and I have been around my local board since from my sign up yesterday, I wanted to asked this question over there but need a general knowledge from the community at large not only from my locals. Just as what I have used on my title I want to know the possible ways to avoid scammer and phishing sites because I have came to understand that for one to excel in this forum and in bitcoin investment / holding at large, one needs to be very mindful with the ways we click on sites, where we store our funds and the techniques scammers often use to scam beginners like us. Scams is one thing we can't eliminate from the industry but we can protect ourselves against them so we don't fall a victim to the fraudsters. I believe others must have given you a complete guide on somethings to do to avoid scammers but I just want to add that we should be skeptical of anything we come across on the web and only get information from the right sources but still we shouldn't be ignorant and not take not of suspicious things been communicated by the verified sources that we get our information from because nothing is safe from hackers and scammers as they can take over any platform and spread false information to make victims of gullible investor's to steal their assets. If it's looking too good to be true then it usually is a scam. Don't get too greedy and be carried always by outrageous offers. The world is always evolving same as scammers because you never can get all their techniques but what really matters is that we’re staying very conscious online as the internet is a very broad space and everyone should be treated as a suspect hence our safety is solely dependent on us but generally avoiding clicking on random links and when using an exchange, always avoid trading outside of the exchange as that’s what a scammer might always want you to do.
The scammers at time don't even bother to use a new trick but they target the newbies who also fall for their old tricks because they didn't stay updated with what's happening in the industry which is why we have to stay updated with the things happenings so we don't fall victim of scams. As a newbie in a new industry, we should do some research to equip ourselves with the knowledge to be able to spot a scam when we see one. Each bull market brings about a new set of investors that are usually novice and they become the target of the scammers with outrageous promises that it's too good to ignore but if we want what's best for us we have to ignore those offers and keep accumulating Bitcoin as our finances can afford. |
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