I read not long ago how some people were scammed during p2p trade, this can happen when someone is trading directly with another person or when using decentralized p2p exchange, it can also happen when a trader use centralized exchange. What I have noticed is that the fault is from the trader that are scammed.
The last I read was about a trader that wanted to sell bitcoin, he did not know he is making a deal with a scammer, the trader created the trade, the scammer accepted it and message the seller that he has sent money, the seller received an alert from his bank and he released the bitcoin from escrow.
It was the next day when the seller knew he has been scammed when he wanted to withdraw money, no money received, he went to bank, the bank customer care told him it was a fake alert that there is nothing they can do to help that the name on the message only resembles the name of their bank and the text message resemble the style the bank use to send message to their customers, but not from them, but only amount received was on the text message, total balance was not included, that look suspicious.
There will be many people that would have been scam just like this, check your balance after receiving money from a seller, do not believe in text messages, it can be fake.
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hello people thanks for your fast comments. I will leave it at this, if someone has tried this or has already done this, would that person want to share his experience? I am still very curious about it. Cryptotalk.org are not paying English board posters again on their platform as a result of users spam and moderation manipulation, your post look more like people posting on cryptotalk.org, you can try the scam site you posted and be scammed.
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The common cryptocurrencies that are stable and pegged with United States dollars are: - USDT
- USDC
- BUSD
- TUSD
- DAI
- and many others
It is true that DAI is more decentralized and better, there are cases I have read before that USDT and USDC were freezed even when the person that has the coin that was freezed used noncustodial wallet.
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If you happen to be an active trader or know people that trade actively, you will notice that traders do not easily give out money ( i.e lend out money) not because they don't have to give but because their capital is actively and most times always involved a trade.
I do not think all traders trade with all their money, there are different types of trading, I can still believe someone that hold or someone that prefer swing trading to use most of his money to trade, but what about day traders, this type of trade is very risky and traders can easily lose, successful day traders do not make use of 5 to 10 percent of their money, because of the risk. Another point is that people are different, some people are cheerful giver while some people are stingy, stingy people can not borrow anyone money, some have the mentality that any borrowed money may not be paid back or thinking chances that the money will be paid back is slim, so they may decide not to borrow anyone money.
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You can blame Elon Musk for trolling the entire crypto community and the whole market for the sudden crash. He announced that Tesla will no longer accept Bitcoin payments because according to Musk, cryptocurrencies are hurting the environment. Moreover, environmentalists were claiming that Bitcoin mining was taking a large toll on electricity, which is solely based on fossil fuels, especially coal, and were against Tesla's option to receive Bitcoin payments.
What an irony, the large scale of battery production isn't that environmentally friendly either, but no one is commenting on that.
We should not even focus on environmentalists now, we should focus on Elon Musk, he only wanted to use the opportunity to manipulate the market. Let us take a look at the scenario, he knows if he make go against bitcoin, that other crypto price will crash, that is just the reason he did it, but using bitcoin electricity consumption as an excuse, he only want the bear market of 2021 to begin.
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The reason your account is said to be suspicious is because the recent posting style is different from BobK71 posting style, but if you are him/her or not him/her, you can try to clear the doubt by providing your staked address or any address once used in a campaign, use the address to sign a message, including today's date on the signed message. There will be a little or no chance that a hacker that hacked an account will be able to sign such message.
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I do not know why some people can be manipulated in a way they will be required to fill in their seed phrase and they would, I noticed when generating a wallet, there was an instruction that the seed phrase should not be revealed to anyone because it can be used to hijack the wallet from the real owner. If it is called recovery phrase and it is used for recovering back your wallet, how should the person reveal it to any site, if the site is fake or not, only when recovery phrase known as seed phrase is needed is when you want to recover back a wallet, not any other time because any other time is scam.
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This is obviously and undoubtedly an hack or someone known to BobK71 that can access his account is making use of his account, it is very obvious that the person using the account now is not BobK71. We need to monitor the post of the new user, nothing can be done for now unless BobK71 post anything related to his account being hacked, but the account should be carefully monetored in a way it will not result to any harm of any forum user.
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People can panic and sell when not appropriate, only inexperienced traders will do that, what mostly happen is that the price of the coin will be decreasing, after dropping to certain level, some people will panic for the price not to fall further, they will sell when experienced traders know it is time to buy, after the panic sell, the price start to rise. When to buy and when not to sell is when the market is already red, but only good traders know that.
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You can use apps like coinmarketcap and coingecko which are good, you can also see the prices of coins on exchanges you are using, the prices are also included on wallets. Using coinmarketcap and coingecko will be good because it estimates all exchanges prices and average it which will give more better result than using only exchanges for it but the price difference will still not b that significant for coins that are not shitcoins.
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I recently checked the BIP39 on GitHub not long ago, I saw the mnemonic words now in 9 languages while Chinese simplified and traditional make it 10. I am from a country that English is the official language, all the wallet I have downloaded before are all in English, I have used three wallets at list now. What I do expect after seeing mnemonic (seed phrase) in different languages on GitHub, I was thinking if a new downloaded wallet wants to generate seed phrase, there should be an option of language selection so that we can choose any of the language of our choice but English is what I have been seeing, I have never seen a wallet that comes with another language before than English. Is there anything I am missing? Is there a wallet the seed phrase is written in other languages? Is there a wallet that give us the option to manually choose the language we want? I think it will be a great implementation if wallets have the option for people to select the language of choice.
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Scams are like the most constant thing in this present cryptocurrency space both in the bearish and bullish market.
Scammers are everywhere not only about crypto, they deal more with fiats. What is most constant about crypto is bull and bear market but the bull market do always surpass the bear market, who can hold for long will profit. About how to avoid crypto scam, there is nothing better than learning about how to avoid it.
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I honestly don't understand why people are actually looking forward by this. People seem to think you'll be trading them on exchanges like you do with cryptocurrencies. I think this is a little naive. You'll only be sending funds to an exchange if the central bank, government, regulators, etc allow you to. And I highly doubt they will allow that. Why would they? Keep in mind that they will likely have the power to freeze, or even seize, funds and also reverse any transactions they don't approve of. If they decide they don't want your coins being on an exchange, they're as good as gone. All it takes is them making a quick adjustment to their ledger, which they will easily be able to do. At any time and for any reason. You won't have a say in the matter.
So far fiat are traded using broker which are also providing exchange platforms to trade fiat, that means people will be able to trade CBDCs also, but with the brokers or exchanges that can follow the rules of the countries that created the CBDCs. But CBDCs will be coins that will not let people to have privacy, it will just be a coin of modern day monetary slavery, I mean monetary slavery because the government will have full control over it, not individuals. In my opinion, I can not have any CBDC because I like privacy, digital fiat lack privacy, but CBDCs will lack privacy more than fiat.
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Is my strategy good or is this not good?
It depends. If you want to join a signature campaign on this forum and profit from bitcoin, you can know more about bitcoin. If you want to make profit from trading, you will need to learn how to trade, this does not require much knowledge about blockchain, PoW and PoS. If you want to be a developer, you will need to know more about CSC and programing Which means it depends. Try to know the part you want to focus on. You can even just hodl.
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How much do you have to pay currently for a Bitcoin transaction of 0.1 BTC ?
It depends on the mempool and the weight of the transaction, it is not about the amount you are sending. The fee that is needed for 0.0001 btc will also be the same amount needed for 100 btc, the amount you are sending does not matter. To check the fee rate you can use mempool.space To check the transaction weight, you can use https://jlopp.github.io/bitcoin-transaction-size-calculator/You will need to know the transaction input which will add up to the transaction weight.
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I like the "Thanks" option other forums have.
If you want to thank someone, you can pm the person. If you like a post, you can merit such post. If you do not have have merit, you can report the post here. Let me tell you one thing, the merit is working good on this forum, no need for likes or thanks or whatever you are suggesting, what matters most to us here are quality post, you can see many posts that are quality enough which makes your suggestion invalid. To report post, just take a look at lower right part of each post including your post, you will see a report button, click on it and report what you want to report.
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Deciding between those two wallets, I'd vote for Freewallet. I find it more secure thanks to the fingerprint login and the email confirmation. Also, they got a Multi-currency app where you can store up to 150 coins and tokens.
You said thanks to the fingerprint login? Did you actually know fingerprint has more negative side than using normal password. Like if you are with untrusted person like friends, they can use the privilege to get access to your wallet easily, like maybe when you are sleeping, all they need is your phone and finger to access your wallet. Using password will be better and safer. Freewallet do freeze funds and block accounts. Free wallet is custodial which is not a recommended way of saving cryptocurrencies. In fact, freewallet is not a good wallet.
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[1] Dear Hh, if I get accepted, let me finish the Arcona campaign until the 8th round is over (at least until the spreadsheet counting is done). This means I still have 5 days left doing mycryptomixer campaign in the current round (starting post counts according to end post in previous campaign).
I think this is not necessary as far you have not been accepted already. Even if you are accepted, this would have been better through PM.
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With what I have known, I noticed storing bitcoin private key and address which can be printed or written on paper is known as paper wallet, there are certain website that can be used to generate these private key and address. But what about if I use electrum wallet offline to generate seed phrase and address, is that not also called papar wallet?
If I created a wallet using the source from wallet like bitaddress or I use electrum offline to generate seed just like I said above, but I did not save the private key on paper but on flash drive, is that not called flash drive wallet?
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Is there any official statics that can back up your claims? Because according to Chainalysis teport only 2.1% of the total transactions volume have been used in illegal activities. And how criminals were running their operations before bitcoin and other cryptocurrencies ever existed? Besides, bitcoin transactions, for example, are more transaparent than fiat transactions since everything is recorded on a public ledger. I may agree with you that there is still a lack of regulation in some countries but this doesn't mean it's a safe haven for criminals. If you read the OP very well, you will understand that the post is contradictory, he first like against crypto but later supported it, the link he included above is full of rubbish and misinformation about cryptocurrencies, that is not surprising me because some people are just blatant critics. But the topic writer later against what is on the link, which means the topic writer is supporting cryptocurrencies but his topic is absolutely not clearly written, he needs to edit the post.
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