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6441  Bitcoin / Electrum / Re: Will old Electrum versions work after taproot ? on: May 28, 2021, 05:15:04 PM
I understand why you're reluctant to update your system, and since you don't make a lot of transactions you'll likely find yourself in this situation again and again.  It might be better for you to use a hardware wallet, which effectively gives you the security you're looking for.
The main advantage of hardware wallet over electrum cold wallet is that hardware wallet support multiple currencies, if someone has a device he can use as an electrum cold wallet, and if the person only want to hold/use bitcoin, I do not see the point of getting a hardware wallet when the electrum cold wallet can do the same while the private key was also generated offline and remain offline and not connected to the online or to the watch-only wallet. What we can tell adaseb is that updating the wallet is safe, but updating it safely, following security and safety precautions.
6442  Economy / Scam Accusations / Re: Who can stop Bounty Campaign Scam? on: May 28, 2021, 04:41:11 PM
Bounties can result to scam, bounty hunters are paid in coins or tokens that is being promoted. This makes it difficult or impossible for the bounty manager to have escrowed amount. The promoted coin or token can be manipulated and it might not even later exist.

If you want a campaign that will not lead to scam, go for signature campaigns in which certain amount would have been escrowed to a reputed campaign manager before the start of the campaign, else good luck.

<...>
In addition, some bounty projects are pump and dump. Also, like you commented, many will result to exit scam.
6443  Bitcoin / Bitcoin Discussion / Re: Bitcoin and value comparsion with fiat Currency on: May 28, 2021, 02:21:07 PM
The existence of the inferior makes people to follow the superior, that is the reason fiat is very important. Because fiat always in long term devalue as a result of governmental (central) control, that is why one of the reasons the price of bitcoin do increase, but also the price increases most especially because people are buying it and its design like limited supply, but comparing it to fiat makes people to know how deflationary Bitcoin can be as the price increases. If we do not compare it to fiat, then how will people even like Bitcoin.
6444  Other / Serious discussion / Re: Blood Pressure, I don´t understand it. But I want to. on: May 28, 2021, 02:11:58 PM
<...>
You are right, fat accoumlation in the body can lead to high blood pressure, someone's lifestyle generally can have effect, that is why it is good to exercises to burn fat (Generally exercise do good to the body), eating healthy foods and fruits and sleeping early (not sleeping late at night). But also we should avoid too much stress, it can also result to hypertension, both physical or emotional stress.

About the type of food to eat, we should avoid fatty foods, scientists research that eating cholesterol directly in diet is not responsible for high bad cholesterol level in the body (low density lipoprotein), but what is most responsible for the bad cholesterol in the body are fatty foods, most of this are directly eating from diets. Reducing fat intake will really help in the body not accoumlating bad cholesterol.
6445  Bitcoin / Hardware wallets / Re: Has anyone used the CoolWallet S? on: May 28, 2021, 08:05:12 AM
Ah, thank you for that--I wasn't even aware that there was such a tool to analyze ratings.  Assuming it's true that there's minimal deception (that kind of makes me chuckle), it seems like the wallet isn't a total dud. 
There is another site trustpilot that I was using for review before I joined Bitcointalk. But what I noticed about these kind of review is that only little information can be gotten from the reviewers as they do not know much about full wallet function like while using Trezor or Ledger Nano on desktop computer. In such review like on Amazon I noticed some reviewer were condemning Ledger Nano, some reviewers might be from the wallet company reviewing it themselves after buying the wallet from Amazon, although I may be wrong.

The wallet is just a phone (iOS and Android) compatible wallet that may not support computer, but it is water proof according to a YouTube video I saw on their official site.

Most hardwallet nowadays are only supporting mobile phones to operate, what a bad idea to me, using hardware on desktop wallet like electrum is far better than the phones which most of these people prefer for convenience reason. I have not seen any of these mobile compatible wallets to support coin control and some other features that desktop electrum can provide.
6446  Other / Beginners & Help / Re: Shorting Crypto – Beginner’s How-to Guide on: May 28, 2021, 07:14:00 AM
Short is different than sell. Newbies misunderstand short and sell. Short (Short position). Short positions are for short term. If you open a short position, you have to know how long you can let it opens and be safe.
Short is not necessary for a short or long term, also long position is not necessary for a short or long term, it depends on what you analyzed and speculated, it also depends on the leverage used, you may decide to trade future and not use leverage to minimize risk to a greater extent. In margin trading, short simply means sell while long simply means buy.
6447  Bitcoin / Electrum / Re: Will old Electrum versions work after taproot ? on: May 28, 2021, 06:57:04 AM
Backward compatibility should not be what to worry about as taproot is just like segwit soft fork, as wallets that supported legacy before they begin to support segwit, this does not result to disuse of legacy addresses. Also because of taproot soft fork, if wallets started to support taproot, it will not make the wallet not backward compatible, you will still be able to make transactions with your legacy addresses. But, it is better to make use of new version of a software or app, because the old versions can be vulnerable by attackers. Also, though you do not make frequent transactions, but making use of segwit still comes with low transaction fee in a way 42% to about 52% fee can be reduced depending on your transaction input and output if compared with legacy. At least, upgrade to the latest version will not do you anything than good and better experience while using the wallet, then why no go for it.
6448  Bitcoin / Bitcoin Discussion / Re: There are not even 21M BTCs, I'd say max.17M BTCs available at a given time on: May 27, 2021, 08:50:24 PM
You mean when all Bitcoin are already mined? Yes, there can not be 21 million Bitcoin, some are lost already truly. And any Bitcoin lost forever is a gain for those having the one not lost, because the reduction in circulatory supply, the higher the price. Although the limited supply (and lost Bitcoin) will help in the price valuation, but also increasing demand will be the another major factor to increase the price. As more people know more about bitcoin, they will buy and the price will increase.
6449  Economy / Trading Discussion / Re: Still trading BTC even though actually trading Alts on: May 27, 2021, 07:28:39 PM
Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?
The best is to research on the coins you want to trade. Some people prefer to trade bitcoin, and what they care about most is for them not to lose but gain. But with what I have noticed, altcoin are more volatile than bitcoin, it is more profitable to trade altcoin in spot trading because you can gain from the volatility, but the more can also be the losses. But if it is leverage trading, the maximum you can go on altcoins on exchanges I have used before are 75x, only ethereum is having max of 100x while Bitcoin has 125x, this can be taken as an advantage. Also, if you know you can predict more the price of bitcoin volatility, while don't you just leverage it 2x to provide you the volatility like that of altcoins. But this depends on your choice. The most important thing is for someone not to lose but gain.
6450  Bitcoin / Bitcoin Discussion / Re: Now Paypal allows us to withdraw BTC to third party wallets on: May 27, 2021, 02:28:27 PM
Despite that we don’t have the full custody of Bitcoin and other cryptocurrencies stored on Paypal, this latest move from them is likely a big move!
What a big move? I do not use PayPal and I can not use PayPal to buy or sell cryptocurrencies. When PayPal has no option is the reason for the move. But the best way to buy and sell cryptocurrencies  still remain using decentralized platforms. Although, people are using centralized platforms but not privacy oriented.
6451  Alternate cryptocurrencies / Altcoin Discussion / Re: What are the factors that make ICO's gain or loose value after ICO's? on: May 27, 2021, 10:19:18 AM
The biggest failure of ICO projects is during bear market, as the price of cryptocurrencies are decreasing at the time, ICOs at the time are subjected to failure. Some ICOs are scam projects and nothing but scam from the onset which will result to exit scam. Some ICO will later lead to pump and dump, that is when you will see an ICO coin listed on exchanges but abruptly and significantly dropped in price to the extent people will lose at the time of listing. ICO is just like gambling, few can be profitable, but most will fail.
6452  Alternate cryptocurrencies / Altcoin Discussion / Re: Nigeria To Launch Digital Currency on: May 27, 2021, 09:13:42 AM
Nigeria just want to be in the game of countries moving towards having CBDC. The digital fiat has been a way to deprive people from having privacy but it will still be better than CBDC when it comes to privacy, people that will use CBDCs will not have privacy at all as governments are looking for more ways to know all the personal information of their citizens. The best cryptocurrencies  to go for are decentralized ones, not centralized ones. There are deflationary ones like Bitcoin that its price over a long time period will increase and reach all-time-high after several price increase and decrease. There are also fiat-pegged ones like Dai. Then why the need for CBDCs?

Nigeria CBDC will be pegged with Nigerian naira, which has been an inflationary currency that has been depreciating right from the onset. When the colonial master left the country in 1960 after independent, Pounds was equivalent to Naira, and Naira was higher in price than US dollar, but 1 US dollar today is equals to 410 naira. See how the country's naira has really depreciated, so should I use the CBDC that will make me not have privacy and yet depreciating?
6453  Local / Nigeria (Naija) / Re: Nigeria Local Board {Official language, Pidgin} on: May 27, 2021, 08:57:37 AM
Waiting I see about this be say the CBDC will be pegged with Naira, so difference no dey. Another thing be say CBDC go dey more traceable than fiat, privacy no go dey. CBDC go give government power, if they get power, they go abuse ham to make their citizens not to have privacy. CBDC wey go deprive me of my privacy, wey no come get value join but continuing depreciating, is that one CBDC?

But this na good move, because Nigeria no wan lack behind na the reason for the move, but Nigeria they lack behind already though. 
6454  Other / Beginners & Help / Re: Shorting Crypto – Beginner’s How-to Guide on: May 27, 2021, 08:34:30 AM
Going long is simple, one just has to buy the asset and hold it. Going short is simple conceptually, but it a bit more complicated to execute.
There is nothing complicated about going long or going short but most newbie traders always fear to go short, they prefer going long always until they become Pro and know more about how to analyze the market.

Going long is more and common used for leverage trading, not holding.

In trading stocks, the most common way to short a stock (profiting if the price goes down) is to have a margin account at a brokerage. A margin account means that brokerage will loan you money or assets. When you have margin activated and short a stock, it might look seamless, but what’s happening behind the scene is that 1) brokerage lends you shares of the stock; 2) you sell them in the market. When you buy them back later (hopefully at a lower price), you return the shares back to the brokerage and keep the profit.
I think it will be perfect to use cryptocurrencies and crypto exchanges than using stocks and brokers. Also know that not all the profit will be given to the trader, there is certian amount that exchanges will deduct from the gain, this amount is paid to lenders on the exchange as a profit of the coin they lend out.

Before we discuss how you can do this in the crypto world, a warning on the dangers of shorting. When you go long, buying an asset at a price, the most you can lose is the entire amount that you’ve paid. This is NOT the case when shorting. When you short, you make money when price drops and lose money when price goes up. The most you can make is 100% of the trade amount (as price goes to zero), but the amount you can lose is UNLIMITED
The amount someone can lose if someone go long or short is limited, it is the amount you use to trade. The gain is not 100%, it can even be over 1000% less or more. Remember as price drop to $1, it can even drop to $0.1 or even drop more to $0.001 or even drop more. What matters most is trading volume and liquidity rate not price dropping to 0.

Of course, most trading venues would have internal triggers that will likely liquidate or close your position before that (as you run out of money in the account). But just a warning conceptually of the danger (safest to always set a stop order to exit the position when it really goes against you).
After 80% of the money has been liquidated, most exchanges if not all, will send you a notification message. If you use isolated margin, you will not be able to transfer collateral into your trading account and the all the money will be liquidated. But in cross margin trading, you can still be able to transfer collateral into your trading account in a way the liquidity price will get farther. In addition to the best advice is to make use of lower leverage, I think 5x is good but you will see some people using 100x or even 125x, how would the money not be liquidated. Also you can even go long or short on some exchanges with your real funds without borrow, this is the safest as it seems more like spot trading, but in a way you can still go short.
6455  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO and its risk, research properly on: May 27, 2021, 07:45:04 AM
What I'm looking into ICO are those who have goals and product. Yes there are lots of fishes new projects there but  let me just remind you that ICOs can also died when the market is bad and hasn't much cash inflow.
There are over 9000 cryptocurrencies existing today, there were many successful ICOs when there only only few cryptocurrencies, but the more coins are created, the more there will be unsuccessful ICOs, some ICOs are scam which I believe you know about and know how to avoid, but not all, some will only result into pumping the price of a coin and dumping the coin later which will make many people to still lose, there are some with good project but yet failed as a result of bear market. The team behind ICO really matters also, like if a famous person like Bill Gates has an ICO project, it will certainly be successful, but there are good ones but because of the team behind it are not famous result the ICO into failure and deemed scam to people. Some ICO can truly be successful but many more are failed projects nowadays. I couldn't believe StudentCoin would even result to scam until the bounty manager post about it that people should report the project as scam on different platforms.
6456  Local / Nigeria (Naija) / Re: Nigeria Local Board {Official language, Pidgin} on: May 26, 2021, 08:58:18 PM
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, don revealed say Nigeria go launch dia own digital currency. With this, Nigeria go follow for tracks for wey don launche digital currencies. China is go soon roll out their own wey d call e-yuan, its digital currency, at scale, later in the year. The United States don start their own also e-dollars.

CBN revealed this plan during the 279th MPR meeting wey happen in Abuja today.

How unah take see this latest development coming from CBN after the ban us trading bitcoin with our account.
Now now wey their eyes open say, crypto is unstoppable and it's the future
You get any link wey you for use to prove the authenticity of this article? Please, if you get, make you include ham.
6457  Local / Nigeria (Naija) / Re: Nigeria Local Board {Official language, Pidgin} on: May 26, 2021, 08:02:31 PM
Enjoy BestChange Facebook contest

Reward: 0.001 BTC for ten winners each

I posted this here because BestChnage has reputed signature campaign on this forum.
6458  Bitcoin / Hardware wallets / Re: Hardware Wallet protection on a online computer on: May 26, 2021, 07:38:30 PM
The most secure and safe wallet to use are offline wallets, while hardware wallet is one of the offline wallets, which means its private key is completely generated offline and remain offline. While using online wallet to access your hardware wallet, the only risk involve is the recipient address to automatically change to a hacker's address unknowingly to the person that want to send from such wallet. If the sender do not check the address very well and notice the change of address to hackers address, the bitcoin will be sent to the hackers address. So, checking the address and rechecking it again before sending any coin will help during the time, but yet it is best to avoid malware and have good online and offline practice to protect you from attackers.
6459  Local / Nigeria (Naija) / Re: Nigeria Local Board {Official language, Pidgin} on: May 26, 2021, 11:43:24 AM
Yes brother. Na why I sae make I first hail una here for I proceed. Em go be a better journey here. Bitcointalk forum better pass altcoin forum. Better knowledge about crypto na what I longed for, and am seeing it here through the post wey I d read here.
E make sense like that, make sure you abide to the rules of this forum, no spam, no copy and paste, no plagiarism and keep to other rules. If na single line you copy from another site, make sure you dey include the link, this na the very reason many newbies are banned.

This forum better pass any other Bitcoin forum, you go have the best knowledge here about how to use Bitcoin and avoid hackers and scammers generally.

The unity we Africans portrays during the good and bad season is very commending. Finally, the remains of our brother have been put to rest, and a contribution was made to support the burial. Very big kudos to you all for getting it well planned
Yeah, no be lie. I appreciate Cryptopreneurbrainboss for creating this local thread, because if not for the local thread, the recent donation can not even become reality, and Naija go dey hide for other users on Bitcointalk not to know them. And now as we dey move towards having local board, we need more activities for here, but no be spammers we need o, but good posters. E go better if you people also dey active for this local thread.
6460  Local / Nigeria (Naija) / Re: Nigeria Local Board {Official language, Pidgin} on: May 26, 2021, 10:02:34 AM
Charles Tim
I hail you o
I be new person here
I greet all of una
I think I don post under your topic before for 'politics and society, e nice wey see you for here as we dey build Nigeria community for Bitcointalk. If you no mind, you can introduce yourself so other go know you.

Quote
3]: First timers should introduce themselves in this manner;
Username:
Gender
State of resident (optional)
Skills (Incase a project is looking for someone from the country for that particular job you get hired)

No dey necessary to include any you no feel like include o. You are welcome, I hope seeing you around.

This is my one first post for this forum. I wan use this opportunity to hail my Naija broda's and sisters for this forum before I continue to sail my ship for this forum. I hope am welcomed.
You are welcome, hope to dey see you around, I dey guess someone for here introduced you to this forum, hope you don know the rules of the forum, and the merit and activity system?
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