Indeed, Coinbase or Bitstamp with Revolut can also be an option, but I've seen quite a lot of complains about Revolut freezing accounts/funds for months (at least) and asking for documents, documents not accepted for unclear reasons, bad support and such.
So while Revolut cards are more reliable in the shop, Revolut itself may not be so.

Since I've seen so many scams, I tend to agree with the previous post. I see here an attempt to lure people to another platform by promising them maybe they could earn money.
I see this a recipe for scam. Either you will scam them in a way or another (which is to be expected, Telegram is full of that), either you will get scammed by paying for spam and low quality content.

For now I would recommend extreme caution to anybody going there.

There are plenty of hacked accounts, farmed accounts, or accounts worth much less than 0.1 ETH
My example with newbies was extreme. But there are much more.
And who will decide if an account is worthy? You can have some of those accounts yourself. And you didn't say a word about making the result fair/trusted, hence you may cheat.

Really, you need to polish your idea.

I am not familiar with your country's national lottery.
However, here, what stops me from making 10 new accounts, pinky swear that I send the 0.1 ETH from each account, obviously not send any and claim the prize from the winner, since you'll pay it from your pocket?

1. How will you guarantee that the users will send those funds to the winner? I hope that you don't expect people to use you as escrow. (And banning people from your game won't mean anything.)
2. If you generate the result, that can be faked, you need something more trusted than that.

All I see is a simple idea, not polished enough. It may be related to the lack of knowledge if you are newbie indeed or an attempt to scam otherwise.

How on earth you guys find same "problems" over and over again for bitcoin?


Yes: you've completely forgotten the tx fees and the ever rising price.


So you don't know about quantum computers, hence in the future they'll be basically magic.
If quantum computers would become that good at some point, everything that's encrypted - routers, banks, access to nuclear missiles - all will be vulnerable. So your point is...?
When this will get close to become a problem, the world will prepare. Bitcoin too. But.. isn't this in the realm of science fiction?

I think that this could work better with your own blockchain. And whoever has coins on his address will get airdropped "love" or whatever tokens.
This way you don't need other means to differentiate those who want to get "love" tokens and who don't. Maybe you can clone Waves altcoin for this, I remember that token creation was very easy there.

Or you can do it as some sort of PoS coin. At staking one can get... whatever, not necessarily the coin. And that whatever - which can be multiple different things - can be different tokens on that specific chain.



Let people express their ideas. Some may be scam, some may be bad, but maybe some are good.
Of course, he has to crystalize his ideas, have some plan and then see... just making yet another worthless token and "see later how we sell it" is indeed not the good way to go.

Indeed. On such small amounts you can get funds stuck for not meeting the minimum trade value, the minimum withdrawal value and, since the fees are usually rounded up, the loses caused by fees are a bit higher in percents. Since one cannot expect all trades be successful, I think that the starting amount should really be higher than 5$.


I agree with OP that trading should be learned on small amounts, but I think that the values should start at 20$ (at best), not at 5$.

From what I've read cgminer cannot solo mine on mainnet with Bitcoin core 22.0.
There's an explanation here, maybe it helps: https://bitcointalk.org/index.php?topic=5372096.msg58474260#msg58474260

We don't know what the future holds. It's interesting that while people do tell that Bitcoin has the potential to reach $1M, they just say plain no for higher values.
On an exponential rise 10M is not that far from 1M.

So maybe indeed 0.1BTC won't be enough to "make it" in the near future, it should get there at some point.


It all depends on how young OP is and what's his life expectancy...   but the answer is... yes, why not?

Imho it's usually not a good idea.
You have to either put your coins into a custodian platform/website (this has risks "not your keys, not your coins"), either convert into an altcoin for PoS, LPoS or such (and altcoins are riskier than Bitcoin).
I am not into DeFi that much, maybe I've missed some case(s).

With Bitcoin price rising nicely against fiat, putting a good amount of coins at risk for some tiny APY it's not such a good deal.

One possible direction would be something like Binance card, which you may top up with fiat whenever you want or top up with crypto (depending on what you expect on short time - increase or fall of the price). The fees related to the card are small, the conversion rate cannot be better.
But you should have to study more this case, since you may have to also pay tax for the BTC you're selling. I don't want to scare you off, but you should find out how is your case seen by the tax authorities in your country (UK?).

Multumesc, era sa-l ratez.
Vad ca lumea cam prefera sa puna concursuri bune in weekend, cand sunt mult mai putin activ.

89 - NeuroticFish

Thank you!

Probabil ca nu prea are sens sa investeasca in minat recreational, dar priza cu protectie cam trebuie la casa omului (in caz ca tabloul nu e super destept), indiferent daca minezi sau nu.
Eu mi-am bagat prin prize cu protectie cam tot ce misca, de la RasPi si comp la masina de spalat si frigider.
Eu folosesc in mare parte produse APC SurgeArrest, ca atunci cand le-am luat nu erau asa multe produse pe piata si asta mi-a fost recomandat; acum exista si variante mai ieftine - nu stiu daca la fel de bune.

In the summer of 2021 Google had issues. And not only with Bitcointalk. At that point it was bad. It was so bad as DuckDuckGo was needed to fill the gaps.
Now it's better, but I don't know if it's "fully recovered".

So for your question... I could say that the answer is not absolute. Probably it's again a "no", but that's for the moment (I don't know what will they do in a hour or a year) and also the gap is not longer as big as in the past (still I would be more comfortable if it would be even smaller than it is).

OK, so the main wallet is still safe. Good. Before acting at all, you should start by checking if the coins weren't already moved away by the hacker.
In the main wallet do 2 things:

0. This is a safety measure. If you didn't do this, please copy the seed of the main (newer) wallet onto a piece of paper.
1. Open it as usual, get an address (receive tab, new address)
2. In this wallet do File->New/Restore, name it like OLD BAD WALLET so you know not to use it normally
3. From the old computer - it doesn't matter it doesn't connect - get the seed (bottom-right, there's a seed button) and use it for restoring on the new computer [continue what you started at step 2]
4. From this restored old bad wallet send the funds to the address from step 1 and you're done. (Always double check addresses when sending).

If at starting Electrum you get into this "old bad wallet", don't worry, use File->Recently Open and get the other wallet (possibly default_wallet). And if it doesn't work, you still have your seed so you should be fine.

It was - by far - too good to be true. It had all the red flags... Sorry...
On the other hand, it's good that you made this topic. Somehow they are still too few if people keep falling for this kind of scams. So yep, I hope that as many newbies as possible read it.
And you... consider yourself lucky, since it was only 50$ you've lost, unpleasant but not a big amount... You've figured it up early, some lose thousands and then some even pay more to "unlock the funds" (a second, related scam).

From what I know, if the account is on the same name (i.e. yours) on Revolut and Bitstamp, you can withdraw fiat from selling crypto. I don't know though whether there are any limitations.
And while Revolut is not a bank, indeed, they use banks' services and offer account number, maybe numbers - which may be even from different banks, one for EUR and one for local currency.

While I agree that the declarations are meant to be beneficial for her banking friends, not necessarily to reflect the reality, at least in theory it is possible a state - especially a dictatorship - act like a whale, manipulate the price and gather wealth through crypto markets.


People were crying in 2017-2018 for more regulation in crypto, especially because they've got too greedy and got scammed.
Now the regulations are getting real and they obviously mean also more surveillance and less privacy.

The fact the politicians keep telling this is to show that they've been thinking at fixing a problem as they see it (i.e. they did work, didn't sit for nothing), I don't think that it's that much (any longer) about bashing bitcoin.
Nice picture though