Maybe the Chinese government believed they have growth in economy even when Bitcoin has not being created, that they can also make it without decentralized currencies. Although, before the Chinese government will think about this, there is no two reason that caused it but their digital Yuan. In my opinion, decentralized currencies would have played better part in Chinese economy, but we know China like to act like they are world of their own, that is why they have their own everything, like socioa media and the likes. Recently, miners (mining machines) are no more expensive in China while the manufacturing companies do not gain like before in such a way some reduced in price by three fold. This is what a centralized government can lead to.

The Bitcoin hash rate reduced almost 60%, I remember there was a time the hashrate gotten to its peak in May, 2021 to over 160E, now it is less than 64E, the hashrate was reduced by over 96E, that is over 60% reduction in hashrate. Although, all might not be linked to the Chinese fud, but the reduction happened at the time.

I think using Iancoleman offline or best run the html file on airgapped device and select the BIP44 derivation path will be better. The seed phrase can be imported on Electrum while making sure the seedphrase correspond to the keys and addresses.

I have just downloaded Bitcoin wallet, I was unable to generate seed phrase, or is there anything I was getting wrong? I also press on the safety notes, this is what that popped up on the screen in the below image.



If truly this wallet do not generate seed phrase, I do not think it should be a good wallet to use. Although, I saw something like in-app backup.

@undefinedd, you can send to segwit address from legacy or any other bitcoin address type, if that is the reason you want to generate a legacy Bitcoin wallet on Electrum, then do not bother, just generate segwit, you will be able to send to the segwit from the legacy address and also use use low fee during segwit transactions, the fee will be reduced by 42% to around 52% depending on your transaction input and output if compared to legacy.

I don report the post some hours ago, it will make sense if you too report it too. Also as this is a self-moderated thread, cryptopreneurbrainboss fit delete ham as it no get any meaning imo.

There are several third-party sites which we fit use upload image, but imgur no dey bad at all, I never used any other site before than imgur, e dey upload the images they way I want. One thing I come like for imgur be say you fit upload many images at ones rather than selecting it one by one, may be other sites get that features too, but imgur no bad at all.

In this regard, Bitcoin is the good one while fiat is the bad one, and due to some reasons, the bad money might drive out the good money (Bitcoin). I also get the point that the good money (Bitcoin) can oust the bad money which makes it to be like a competition between the government and freedom in relation to centralized and decentralized money holding and usage.


I want to be more specific on Bitcoin, it was not created to oust fiat, it was create to give freedom and privacy which is just an alternative to centralized money. If the true design of Bitcoin can make fiat go to an extinction, the government can regulate it, most people nowadays do not even care about privacy while they prefer the use of custodial means to use Bitcoin and other cryptocurrencies  (although, I am not recommending that).

Bitcoin does not totally fall into this category as a money that will disappeared, but it fall into the category of good money. Some countries especially the Western countries see the good reason to allow citizens to use this Bitcoin and other cryptocurrencies, while the governments are trying to regulate it. Bitcoin is not even showing any sign of extinction because the governments of the world are thinking differently. Fiat will remain fiat which is inflationary while Bitcoin will remain deflationary and an alternative to fiat and a store of value.

---

I even see fiat as good and the reason people embrace Bitcoin and other cryptocurrencies, without the fiat, why will people be buying bitcoin, if nothing that fiat is inferior in value to Bitcoin, people will not embrace bitcoin, it is because the fiat is a deflationary currency is the reason people see the value in Bitcoin as a safe haven. We are just in the world fiat will coexist with Bitcoin and other decentralized currencies.

Never mind my opinion about this, I also saw your post to be right. I think the government making everything to be centralized is not right at all in its entirety, the citizens do not have freedom. I do not just comment about this, until I realized crypto can be regulated by individual countries in such a was to protect their foreign reserve in relation to cryptocurrencies, and also promoting crypto trading within their country. Like China, after all the restrictions, why banning mining recently, if not for digital Yuan ambition, I think this is getting to finding of power.

Never mind me to be specific about this. Nigeria recent government ban Twitter, the recent government placed fine to be paid for hate speeches. EndSARS protesters bank account were blocked, they resorted to Bitcoin payment, the CBN ban cryptocurrencies some months after. Central Bank of Nigerian president said cryptocurrencies  are illegitimate at the time. Although, Nigeria is just a country that its citizens no more believe the government, all banned are bypassed. Full control will only later lead to what is not right, I couldn't believe Chinese government can ban crypto mining, they are stating it is because of energy consumed by miners but I think they have hidden agenda.

Even, if cryptocurrencies are banned, yet, it should not be deemed illegitimate, the governments needs to do more research rather than saying what is wrong, misleading people. Although, I will be specific on Bitcoin and strong cryptocurrencies, not shit coins.

Although, there could be few exceptional cases, but I noticed the poor will marry the poor, the rich will marry the rich, which automatically means the average will marry the average, this alone can prove your point validity an it is valid. The kind of exposure/environment the poor men children will experience is totally different from that which the rich men children will experience, this alone will give them different mentality. The rich men children are exposed to where there are opportunities while the poor men children are exposed to where there are less opportunities. The school, the street, the people the rich men and their children know etc is enough to let their mentality to be totally different from the poor people's mentality, also average people have theirs.

There is no three reasons why some countries deemed cryptocurrencies as illegitimate, it is because of self-centeredness or ignorance. Like China, it is clear that they want there currency to be the strongest currency in the world, Chinese government are looking for ways to make sure US dollar and other strong currencies are not strong like Yuan, that is why they are doing all means digital Yuan is created while most especially decentralized currencies are banned while trying all ways other countries buying from them and selling to them do not convert their fiat first into US dollar before trade.

Some countries deemed cryptocurrencies illegal because of ignorance and unintelligent leaders, this can be the case in Africa. Countries like Nigeria which supposed to be the role model of small populated countries in Africa. The Central Bank of Nigerian ones said some countries do not support cryptocurrencies while China was included, CBN is not concerned about how important cryptocurrencies can be while portraying it bad at the time to people and that it is banned in countries like China.

Some countries will follow China and ban cryptocurrencies while not knowing China is only having its own selfish interest, many may also follow Nigeria in Africa which do not conduct researches to actually know how cryptocurrencies are very important especially in underdeveloped and developing countries.

All needed is regulation, China is not ready for regulation because of ways it is looking for to devalue US dollar while need Yuan to be the strongest people will be using for trade in the world, many countries will not consider regulation because of ignorance while following other countries not knowing some countries can have internal agenda.

Na so, if no be computer you dey use access imgur, you go need to change the mobile broswer from mobile version to web/desktop version for it to work. I remembered say I even tried the imgur Android app one time ago when I dey newbie, e no also work, na only the when I change ham to desktop version on mobile broswer before it worked, or if used computer browser.

Waiting you think about weekly swing trading? I dey noticed the price of bitcoin dey fall for weekend and increase back as we dey see ham now, and later decrease during weekend, but there are exceptional cases but few. Also yes, the market dey more of bearish than bullish, even as the market has been bullish since yesterday, it will still be likely bearish later going back to around $30000.

Never mind me as I wan point out something here, you fit still use future trading for it, all you need is to go for 1x leverage, this go make you be able to trade like spot but yet be able to go shot.

Since I saw your post, I have seen more corrections and facts, you are very right. Emphasizing on the government and dietary intake is just not a genuine reason why people are fat, it has to be related to gene, lifestyle and food consumption etc.

There is a gene called melanocortin-4-receptor gene (MC4R), such gene mutation has been one of the main cause of obesity. Although there are other genes (for example ADIPOQ, INSIG2 and PCSK1 etc) that can be mutated and resulting to obesity. Although, the genes are linked to excessive eating and obesity, but yet later the genes are responsible for some people that will not eat much after being obessed but yet not reducing in weight that resulted to big problem.

Like me and most people that I know as a friend and my community, I noticed our diet, mainly carbohydrates like rice, wheat, yam, amala (grinded yam and casava, eba (prepared from casava flake), pounded yam, sweet potato, Irish potato and maize during maize season. I am very certain in Nigeria that 70% of our diet are made up of this foods while in each meal it is supported with meat, fish and soup. The main protein source from plants are beans family while the rest are meat, fish, egg and other animal by products, but we eat more of carbohydrates. Oil from palm oil and normal vegitable oils like soy oil, groundnut and sunflower.

I have read little about food consumption and daily requirements while using Guyton and Hall in the past, I noticed the food intake requirements corelate with the food intake in my community which are 65% to 70% carbohydrates, 20% to 25% protein while 10% to 15% fat/oil.

Even with the hard work and bad economy in my country, most people are not fat, while people that are fat should know to go to dietician for food recommendation. At first, some will wake up early in the morning and jog before going for work and it worked for some, while some do fast like until 12 pm before eating, or combining it with jogging and it worked for some people. Some will still later decide to just visit dietician for what could help them.

The body is very not the same, I have a friend that eat a lot but not fat and want to be fat, some eat plenty of carbohydrates and yet taken drugs like vitamins and suppliments in order to be fat.

You are correct because no one way to have healthy weight.

Try to read the previous thread, you should not have created this thread when you can post the same OP content in your previous thread, I noticed the three topic you created already are all about 2fa and wallet recovery, I believe if you read the replies to the topics the issue would have been solved.

Seed phrase are 12 to 24 words, there is nothing that will seperate the 12 to 24 words but only space. HCP was able to give a clear reply about how 2fa code looks like and how it comes with QR code as alternative 2fa backup. You should be able to understand that.

If you have your backup (the seed phrase and 2fa), or if you do not have the 2fa back up again but still have your seed phrase, the guide in the link below will help you as stated before.

Restoring your seed from two factor authentication Electrum wallet

There are images you no fit upload for sites like imgur, but you can upload png and jpeg. Most images are png and jpeg, you can upload ham on third-party sites like imgur and copy the bbcode link and paste ham here on your post.

This link go help you know more about it:
https://bitcointalk.org/index.php?topic=5034682.0

Corrected. Thanks.

Kano is very industrious, the first in the north. But northerner dey collect any money, the ones that are dirty and not good also.

You wan buy the dip, this go make sense for short term, do not be surprise if the price go below $30000, I may not be right, but that is according to what I analyzed and I am not sentimental about it, speculating the price fit remain around $30000 or may later dip below. Before next halving, no dey surprised if you see the price around $20000 at certain point in time.

Things dey cheap for North but the obvious recent bad economy also dey affect them.

If na that telegram thing, I think GeorgeJohn dey right o.

Lagos na the first o, Rivers State come follow, maybe Kano is the third but not certain as state like Ogun, Anambra, Abia and Oyo still go compete.

I totally agree, the secure Electrum in ledger nano is enough to protect the Ledger Nano seed phrase while the strong passphrase used to extend the seed phrase in Trezor should be enough to protect the keys generated on the Trezor wallet even if the hardware wallet is stolen.

201 200. $26,242

It has been May 2020 Bitcoin mining reward halved which do resulting to price increase as people usually fomo around that time, the price has increased drastically and significantly and reach all time high on April 15th, 2021. Bitcoin price later decreased from the all-time-high to around $31000, I believe the bull market is over for now and will begin very significant around ending of December to maybe February 2022. I am even still thinking the price of bitcoin can still decrease below $31000 for now because I believe just decreasing to just half price of the all-time-high is still not enough for the dip, there should still be further decrement while the bull run will start not at the beginning of December but at the ending time. This makes me take $26,242 to likely be its price at the time.

Edit:
Corrected. Thanks.

I do not know if this is ironic or maybe you do not get what HCP meant, he meant seed phrase generated on Electrum wallet can not be imported on Mycelium wallet because Electrum wallet seed phrase derivation path generation is not the same as that of BIP39. Although, the seed phrase of BIP39 wallet can be imported on Electrum as Electrum makes it compatible by generating the keys if the BIP39 box was checked during the BIP39 seed phrase importation on Electrum wallet, but that of Electrum can not be imported on BIP39 wallet like Mycelium successfully.

Electrum Seed Version System

Yes, I believe what you posted about the recovery service, but I left a link above embedded in guide, it is solely about the recovery service, if someone can not be able to do the recovery himself/herself, he/she can resort to the recovery service you mentioned which is also part of included in the link, but I believe someone must know that he should be able to do it after reading the guide, but if he or she does not have the equipment, he can go for the recovery service, but the fact still remain that third-party can not be trusted while dealing with Bitcoin, but there are no-option situations.

The best solution that was finally concluded is to have two hardware wallets, so in case one is lost, the other is used to replace it, I too have seen this as a perfect solution. I think what ETFbitcoin was talking about is that in case the person do not have two hardware wallet, the Bitcoin can be sent finally to an airgapped Electrum wallet just for safety in which transaction fee will be charged, but that is no option for altcoins because most altcoin wallets are close source and also are online wallets which may leave no option than to import the seed phrase on the online wallet for time being, the person can immediately buy another hardware wallet and transfer the Bitcoin and altcoins to the newly bought hardware wallet that will also require transaction fee. But what I will like about the method is that the Bitcoin is totally controlled by offline keys, even when transferred to an airgapped wallet and back to newly bought hardware wallet. But in case the wallet was just damaged and not stolen, the person can just wait for the hardware wallet to arrive and import the seed phrase directly.

So, you meant the same thing.

---