It will be good if you code the link, also code the second link below the first one. https://play.google.com/store/apps/details?id=com.codsxh.meswdsqq.gxqswsqq https://play.google.com/store/apps/details?id=com.coincbh.mesxwq.gxswxmlq Also, suggesting to paste the real coinbase wallet google palystore legit link https://play.google.com/store/apps/details?id=org.toshiThe fake one have only 500+ download while the original link has 1 million+ download. I have noticed this about fake apps, no much download if compared to the original ones, but making use of official sites for wallet download will still be the best. Anyone that download the fake ones will result to scam. |
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Yes. With copper membership, you can post images, if it works for ranked members, then it will work for copper members. If copper member send personal messages in bbcode, it will definitely show in his outbox in images.
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It is surprising to hear a miner, Simon Byrne equipped his BWM i8 hybrid vehicle retailed for roughly $150,000 to be able mine bitcoin, it is also reported to be able to mine ethereum. According to a report from Hardware Times, Byrne purchased a BMV i8 hybrid vehicle retailing for roughly $150,000 and equipped it with a small crypto mining rig consisting of six GeForce RTX 3080 graphics cards. The rig is powered by an ASUS B250 Mining Expert board and an EVGA SuperNOVA 1600 T2 power supply. It is reportedly capable of mining both Bitcoin (BTC) and Ether (ETH). Although, it is said the battery capacity of the mining rig will be able to handle the mining, but what about the heat that will be generated from the mining rig and also the lifespan of the car battery. This is surprising and the first of its kind that I heard, but won't this be injurious to the car? While this mining rig can be powered by the hybrid car's battery, the trunk needs to stay open to avoid overheating.  https://www.coindesk.com/us-man-installs-crypto-mining-rig-in-hybrid-bmw-sportscarhttps://cointelegraph.com/news/driving-to-the-moon-hodler-installs-portable-mining-rig-in-bmw |
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Lets look at a popular Altcoin right now that is Chainklink LINK.
Its price now is $24 and a max supply of 1 billion.
So if Chainlink were to pass $33 price today then as of today then you are saying Chainlink is better than Bitcoin for example?
You can not use chainlink as an example in this case, it has different price, different demand and different supply, it is another coin entirely and not bitcoin. Only bitcoin is used as an example if its circulatory supply is assumed to 18.6 billion instead of 18.6 million while other factors are assumed to be as it is now. Also know that the value of a coin is in its demand which will reflect in its marketcap, the value of a coins is in its marketcap. I think the marketcap would be lower than the current one, because a billion of coins would be perceived as less scarce than the current max supply, even if in both cases the supply is limited. On the other hand, having lower total supply could also have negative effects, if it was too scarce, like let's say 10,000 bitcoins, it would be viewed more as a collectible rather than a currency or a store of value.
If people embrace bitcoin the way it is now at reduced supply or increased supply, not the marketcap that will be affected, it is the price that will be affected, the lower the supply the higher the price, the higher the higher the supply the lower the marketcap. But anything that will affect the demand will affect the price also, the higher the demand the high the price, a coin with no demand will not have price increase and will be a dead coin. if it was too scarce, like let's say 10,000 bitcoins, it would be viewed more as a collectible rather than a currency or a store of value.
Yes, if not demanded for. The 21 million max supply just make bitcoin perfect. XRP prices are still too expensive, because if the supply of bitcoin is more than 21 million pieces then the price might be the same as Doge coin, because the high price of bitcoin depends on the existing supply and demand from exchanges or other platforms, basically the more difficult it is for us to get goods it will be more expensive.
Never compare doge with bitcoin, bitcoin is more demanded for, have more marketcap, even if assumed bitcoin having the same supply as doge, the price will be higher than doge price. The total supply number of Bitcoins has no impact on the price. Even if the total supply was a trillion, one bitcoin will still cost $32k at the moment.
You are wrong, the price will reduce if the supply increase, with the same demand. |
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This is a forum, not online class. Just go through many boards and you will be getting acquainted from time to time. It can be difficult to start but the later for the people that like bitcoin and want to know more about it will be good. Just find bitcoin and some altcoins enjoyable, learn more about them and you will know more and contribute good later and many newbies will also later gain gain from you. You will find Bitcointalk forum rules helpful to avoid ban. Also, you will need to know about the merit and activity system. Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ https://bitcointalk.org/index.php?topic=703657.0Merit & new rank requirements https://bitcointalk.org/index.php?topic=2818350.0 |
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2. In Ledger, you need Ledger Live. In trezor, I don't know because I haven't used it but you check their website - https://wallet.trezor.io/#/You can use ledger live to operate ledger nano, but electrum wallet is also built as hardware wallet extension, you can operate your hardware wallets on electrum, be it trezor, ledger nano and many others. Electrum is all in all wallet. Is there another more definitive, secure method of accumulating BTC for long term holding? Just use a wallet that you hold the private keys like Electrum.
For accumulation, cold wallet storage will be good. Electrum cold wallet storage is fine while another device needed for watch-only, you can have a paper wallet, and some ways to create airgapped wallets like hard drive wallets. But for ease of use, cold electrum wallet used with watch-only electrum wallet and hardware wallets are recommendable. |
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Keep in mind that this is just a strategy, but not a guarantee that demand will change. It might increase the price for a while and then get dumped without any recovery.
You are correct, not only supply that determines the price of a coin, also demand is another main factor that determine the price of a coin. Also, we should have in mind that nothing will alter the supply of bitcoin instead will only result to a hardfork while bitcoin remain bitcoin with max supply of 21 million btc. All the calculations is just based on assumption of what the price of bitcoin will be if the max supply is 21 billion and yet having such demand and the likes that happened to bitcoin normally. It is just an assumption, just for the OP to understand how increase demand can reduce the price of a coin while others factors remain constant in the calculation which makes it not accurate. |
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Marketcap = Price x Current btc supply in circulation
Price = Marketcap
Current btc supply in circulation
Bitcoin with 21 million max supply and currently 18.6 btc in current supply, marketcap recently will be:
Marketcap = 33000 x 18.6 million = $614 billion
But, if assumed the supply is 21 billion which means assuming 18.6 billion has been mined into circualtion already.
Then, Price= 614 billion
18.6 billion
= $33
Bitcoin at $33000 with the current supply at 18.6 million will have a price of $33 if the current supply is at 18.6 billion if having max supply of 21 billion.
That is just an estimate which can make you to understand how increasing supply can reduce price, the value is not exactly accurate. Some coins with low price and too much supply can be burned in order to increase the price.
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It's possible, but it's better option than most social media, because it's open source and the organization behind it is non-profit organization which rely on donation.
If the design will be like the one I have read, although, may come with different approach but I doubt that. Only that the money generated will be decentralized just like in bitcoin mining and not centralized. The idea is to allow anyone with unused hard-drive storage space to participate as a storage provider in a decentralized marketplace whereby prices are set based on supply and demand. This is a departure from centralized cloud storage with fixed pricing, such as Amazon Web Services, Microsoft and Google. |
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So if you do really need to go thru KYC for any website, make sure the site is legit and not a fly-by-night business.
But, if possible to limit the information we provide online will be good. Normally, we should even visit the legit sites rather than fake ones, because the fake sites are deadly and do more harm, and an easy way for phishing attacks. While the right sites are not perfect at all, using their negligence, centralized platforms and database to handle our data and leaking it to hackers. That is why some people should know the purpose of bitcoin is for privacy while centralized platforms are ready to compromised the privacy to hackers. Although, I just want to comment how we should limit the information we provide online and to be smart. |
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Using long phrases is a very known trick, I'm sure there's already optimized methods for bruteforcing such passwords, so you shouldn't think that they are unbreakable just because they have a lot of characters.
Having long passwords with different characters will be protective than having short paswards, there are cases malware can be used to know such long characters with ease, but to brute-force such passwords will be difficult. But, possibly I might not be right, then, which way a strong password can be created? Like the use of https://keepass.info/? I will like your opinion about this. But that's not the point, the point is, memory is unreliable, I'm sure that guy with thousands of locked bitcoins also thought that his password is easy to remember, but if you don't repeat at least your password at least a few times per weak, you will forget it sooner or later.
You are very right, even the brain can deceive someone into thinking it has memorize something for long term purpose, but it can be for short term like weeks, it can even be remembered easily for months but later forgotten. We should not have such habit at all, offline backup are good while some people recommend the use of password manager that does not synchronize online but completely offline. Having such two protected with be fine, but the offline one that are on paper is necessary while the always-offline password manager will be a good addition to the first one. |
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This is another users' data leak from an Indian exchange, BuyUCoin. The leak was first claimed not to happen by the exchange but turned to be true recently. Reported over 325,000 users' data were leaked, the leaked database contains sensitive information such as users’ names, phone numbers, email addresses, PAN numbers, as well as bank details such as account number, IFSC code and the type of account. According to a report from Indian news outlet Inc42, a hacking group by the name of ShinyHunters leaked a database containing the names, phone numbers, email addresses, tax identification numbers and bank account details of more than 325,000 BuyUCoin users. However, a later report from Bleeping Computer shows the leaked data may only contain information from 161,487 BuyUCoin members.
 “What if someone used my account in any illegal activity?” said Rajaharia — also a BuyUCoin user — in a follow-up tweet, calling the exchange's initial response “irresponsible.” The data leaked contain information that can still lead to phishing attacks to BuyUCoin users, centralized exchanges are irresponsible if comes to privacy, privacy is zero (0), data breaches 99.99% chances of happening. https://cointelegraph.com/news/breach-at-indian-exchange-buyucoin-allegedly-exposes-325k-users-personal-datahttps://inc42.com/buzz/data-of-3-lakh-users-leaked-from-indian-crypto-exchange-buyucoin/https://www.bleepingcomputer.com/news/security/data-breach-at-buyucoin-crypto-exchange-leaks-user-info-trades/https://mobile.twitter.com/rajaharia/status/1352227184136491008 |
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You are unable to post. How to enable posting...
This is as a result of poor posters on this forum, if the poor posters are link more to IP from a particular country, to reduce people from registering from the country, they will pay the evil fee, but this was meant for the people to pay certain small amount of bitcoin in order to be posting good. This has also happed to some VPN commonly used by poor posters to register account on this forum. Just try to make use of VPN if registering through your IP will result to paying the evil fee, likely VPN can bypass this but not 100% certain. |
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Bitcoin, a digital currency which has intrinsic value and also an asset that is becoming more popular in the world, it is the first currency that fulfills the the purpose of money, which is privacy. There are some companies that are providing custodial services to helping holding or managing your bitcoin, but the companies have the full control over your bitcoin, while you terminate this purpose. Bitcoin was originally created in a way bitcoin owners can hold their bitcoin themselves by using noncusdial wallet they use to store the private keys which have access to the bitcoin which they store on the blockchain. Because of this, there are need to take proper care of our bitcoin because we have the full responsibility of managing it ourselves without no need of any third party so we can have full control over it. But, we need to be careful and protect bitcoin and bitcoin wallets from attackers and also we should not lack safe means of good protection.
Ways bitcoin are lost
Although, sending bitcoin to a wrong address, willingly sending bitcoin to scammers until it turned scam, making use of fake custodial exchanges, malware stealing from bitcoin wallet, fake giveaways, cloud mining services and many others are ways someone can become a victim of scammers and thereby losing bitcoin, that is why we need to be careful of scammers and scam sites and always avoid them. In this case bitcoin is not lost in a way it will not permanently become inaccessible, but in a way scammers stole it. There are ways bitcoin can be lost and not accessible again and discussed below.
Inaccessible lost bitcoin
There are some people in the past that might thought bitcoin price was low at the time and not believing in it to rise or due to some other reasons, so they lost access to their private key, and can no more access their bitcoin on blockchain, this can be as a result of encrypting bitcoin wallet file and not able to decrypt it again, damaged or inaccessible bitcoin storage devices, corrupted backup files, forgotten seed phrase or private key. Also forgotten passphrase leading to inability to spend bitcoin can be the result of lost bitcoin. Another reason that can result to inaccessible bitcoin is the inability to pass the bitcoin to hire and no one having access to it.
Security practices
In order to protect your wallet, there are many security practices that must be followed, some people download online/hot wallets for bitcoin use purpose, but the private key of online wallets are connected online, that is why custodial exchanges that make use of online storage are often hacked, this can only be good for saving low amount of bitcoin. Among the online wallets, web wallets are the most vulnerable followed by mobile wallets whiles desktop wallets are good but still remain online wallet and should be used for low amount of bitcoin storage.
Cold wallets are safest, store private key offline. That is why they are the most recommended type of wallet for individuals, examples are airgapped wallet and paper wallets, this can be difficult to use but they are very safe. Because of the difficulty of use of airgapped and paper wallet, especially for everyday bitcoin transaction, some companies have created hardware wallets which are cold wallets but still easy to use for this purpose. Cold wallets are recommended for long-term storage and storage of high amount of bitcoin because they are the safest to use. Another wallet that is worth to be mentioned are multisig wallet which are safe to use also. Lastly are noncustodial two factor authentication (2fa) wallets, but the transaction fee for multisig and 2fa wallets are high which can likely become low in multisig wallet if taproot is implemented in which any wallet that support taproot will be able to carry out transactions with normal fee.
No wallet is 100% safe, you yourself make it 100% safe
Normally, no wallet is 100% safe, for example, some people make use of their device to visit any site they like, they can possibly visit sites that will install malware on their devices, leading to the malware stealing information that can be used to access the wallet on the device on another device that can lead to bitcoin loss or wallet hijack. That is why there are need to visit only URL and the URL should be a link to a safe and legit website rather than using of search engines like google that will bring up phishing ads. Also some people will make use of playstore and download fake wallets thinking it is the right wallet, visiting the official sites for this is the safe way. Also running the latest anti-malware on your device and making use of ads blockers if using search engine, and if necessary to use search engine, making use of privacy ones like duckduckgo will be best, although will not give you best user experience but safe to use it than using search engines of giant companies like Google and Microsoft on your wallet devices. Even, using cold wallets needs users protection and having online privacy.
What to protect
Protecting your seeephrase, private key, seed and passphrase is very important, because if an attacker is able to know these, it can lead to wallet being compromised, they should be protected offline, keeping it on devices will be the stupidest means of backup, and online backup are dangerous. Triplicating your seed phrase and saving it in a place not accessible to attackers and damages is the best way of protecting seedphrase. Do not use complicated or diffcult-to-remember passphrase, and do not backup the passphrase together with the seed phrase and do offline back up too just like seed phrase backup. Lastly, use a backup you can easily retrieve, not the ones that will be difficult to impossible for you to retrieve, some people like to encrypt their seed phrase, it is not bad, but make sure you use encryption that you will be able to easily decrypt.
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Let's say I am an holder (min 3 month)
In this case, you can buy cryptocurrencies from binance and move it to a noncustodial wallet, use a reputed noncustodial wallet, there are many fake ones, you need to be careful. Not you key not your coin, that is why you can not leave your coins on custodial exchanges. The altcoin I found are not listed in famous one like Binance. They have really low market cup: 100k.
The reason why such coins are not listed is because their marketcap is too low, only buy altcoins with high marketcap, looking for the first 50 to 100 altcoins is better and still be careful. Do not buy low volume coins, they are shit or almost dead or dead coins. So I would like to understand if the exchanges are good or not.
There are many exchanges you should not trust, do not trust exchanges listing low value coins, there are possibilities that you will see the coins today trading while it is delisted tomorrow. Also, people often lose to this type of coins, do not trade such coins or you will likely lose. The chances that you will lose is more than 99.99%. How should I interpret the volume and liquidity values for the exchanges?
There is no much about this, what will likely happen are: 1. The coins will not be able trade at expected limit order 2. Another demerit is that, for example, if the coin price is $1, you trade it with market order, it could be filled at $0.5 or lesser in which you will lose from the beginning of selling if the price has not much risen. |
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Are you a holder or a trader? Are you concerned about kyc or not?
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Some people do have have anything than criticising what works good, but I do not blame then than their ignorance, because of not for ignorance they wouldn't be critisizing Bitcoin which is 100% open source and 100% decentralized while it is deflationary. They do not have to buy bitcoin like those that critizied Bitcoin in some years past and missed out on the bullrun periods. 3rd states that there were cases in which big pools had >50% compute power .. I do not think that we have any protection against that right now? Or not?
That is a big lie, but China as a country still control 65% of the mining power which is a way more higher in 2019 around 75%, this computing rate is gradually reducing as some other countries are joining to mine and as some miners are leaving China for better place to mine. Also know that computing power are not even centralized in China because they have different mining pools that are computing, not one. Is there other solution to these problems other than splitting your crypto money to as many wallets and currencies possible?
Which problem exactly? Bitcoin and its blockchain has been working successfully without no 51% attack since the creation of bitcoin, so what are you implying when there are many more decentralized mining power. Bitcoin is just the perfect money and asset with perfect blockchain , all you need to do is to keep your bitcoin safe, because if you Bitcoin is not safe, the fault is from you not bitcoin source code or blockchain Orr anything about bitcoin. |
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For holding high amount of bitcoin, hardware wallest like trezor, ledger nano, Keepkey or Coldcard are good, but amount all, trezor and ledger nano are one of the most common. But, know that ledger nano is a closed source wallet, that is why I prefer the open source ones like trezor.
You can also use electrum, it is open source and good, you will need to read more about it as you can use it as normal wallet, 2fa wallet, multisig and as cold wallet, depending on which option you will like. For storing higher amount, you can also use electrum as cold wallet, but you will need two device for that. One as watch-only wallet an the other as cold wallet which will remain offline permanently.
Mycelium is also a good wallet, but it is a mobile wallet and not supporting desktop, unlike electrum that support all devices, it is open source too but it is online/hot wallet and can not be good for storing high amount.
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My contribution is that the OP should learn about cryptocurrencies in general before trying to buy altcoins, the value of altcoins can increase but that o likely the value start to reduce as fomo people bought it at high price, there are also many shitcoins in the market, the coins you will buy but remain almost stagnant or can reduce in price in the long run or even become dead. There are some coins that are subjected to pump and dump and price manipulation in a way people that have no experience about trading will finally lose more than they can possibly think until it happens. But, learning and having experience is a great tool to helping buying Altcoins in such a way to profiting such experienced people.
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