Hey guys! I am very new to cryptocurrency and I am seeking advice on how and where to invest
Holding your bitcoin on hardware wallet will be best, but you can try electrum if the amount to hold is not much, the electrum official site is electrum.org. To buy, you can try hodlhodl or bsiq exchange, or making use of this forum for buying but be careful of scammers by using a reputed member service. I do not have enough to buy an entire bitcoin. I am wondering if it is better to buy altcoin and convert it to bitcoin later
You can purchase even $10 worth of bitcoin or less, you do not have to by 1 bitcoin. What you should consider most is to buy bitcoin at low price and its price to increase so you will gain. If you buy the altcoins at high price, and if you want to sell, you will lose and nothing different. But altcoins price can be more susceptible to depreciation during bull back. That's why I am seeking your advice and getting involved in this community.
My advice for you is to know the historical price of bitcoin and altcoins of your interest and be conversant with technical analyzes. Be careful of scammers and have your online privacy. |
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Most of the veteran members who are specifically involved in activities like Escrow Service, Currency Exchange, Signature Campaign, etc which involve transfer of huge amounts of money sign the address with PGP which can be verified using their respective PGP/GPG Public Keys.
I believe with the quote you should be able to know that PGP signature is for the authenticity of a person you are dealing with that it is not another person. To know more about this The BCT PGP/GPG Public Key Database: Stake Your PGP Key Here https://bitcointalk.org/index.php?topic=1159946.0 |
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There is a post on this forum that explained more about PGP Signature, created by mdayonliner. Try to understand it and be able to start to know how you can encrypt a message. [Eng: Tutorial] PGP Signature - Encrypt/Decrypt message - Fingerprint https://bitcointalk.org/index.php?topic=4059348.0 |
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Oflline wallets are just the safest, it means the private key is not connected and has never been connected online before. Can attackers be able to attack online what is not online? It is not possible. Creating a wallet on mobile phone, sending bitcoin to the wallet and backup the private key and delete the wallet like you said can also be safe but better to just make use of paper wallet instead that can help you to create the wallet offline from the beginning, rather than using online wallet.
Normally, supposing your mobile phone is having malware like trojan horse or rookit already that is specifically designed for your phone operative system, the malware can be able to easily penetrate and know everything you do to create the wallet and be used against you in a way your private key is revealed to attackers. You can deleted the wallet immediately after you created it and yet the attackers got hold of your seed phrase or private key possibly because of the malware. Many people may not even know their devices contain malware.
But if your phone is intact with no malware, nothing will happen, and your wallet will be safe, but you will need to properly save the seed phrase in a place that will be impossible for attackers to penetrate and also that it will not be damaged. Triplicating it and saving it in different locations will be good.
I will still prefer using airgapped devices or hardware wallet because they store private key offline but yet we need to be careful while handling and using it online. But my best for now is the use of two electrum wallets on two different devices, one as cold wallet and the other as watch-only wallet, using QR code for signing transactions which is malware resistant.
Generating wallet oflline is the safest and recommendable, most especially for long term storage (hold) and saving high amount of bitcoin, but also using it for saving any amount is the safest.
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This has nothing to do with bitcoin, altcoin discussions will be better for this topic. It is about a new cryptocurrency called WOZX created by Apple's co-founder, Steve Wozniak. That the altcoin has rallied 1,400% In value In less than a week since its inclusion on December 3 in HBTC, one of the largest exchange platforms in the world. From the OP link https://www.entrepreneur.com/amphtml/361217 |
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In my opinion, having a thread about 'merit given' should be because of either you are a merit source, or you have many smerits to send. But your case is different, you have only received 10 merits in total, 6 merits received in last 120 days, you have used 2 smerits out of the 3 you are having, which means you have only 1 smerit left. Then, why did you create this topic? Thinking other members will award you merits?
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It will be good to move your topic to 'bitcoin technical support', you will get fast and better helpful replies from there.
To sign a message from bitcoin core shouldn't be a problem but it will only sign the address(es) the wallet (your bitcoin core) is generating. I have not used bitcoin core before but it will surely sign the address it generates itself.
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Cut your cloth according to your size, so far you have tried to raise the money and unable to, I will only advice you to look for any governmental loans or grants for people that want to do agricultural business in your country, many countries do offer help for people that wants to do agricultural business, maybe you are going to get help or support from them. Or if you are rich to an extent, this can attract investors.
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Trading discussions will be the best board to post about trading calculator, provided if it is not a malacious site. As the name implies, it deals about how traders can calculate their profit or lose in which the calculator will be used for the calculation. Which means it is about trading, and trading discussions will be good.
If leverage (margin and future) trading calculator is included will also be good.
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I tried to search for it on Google Playstore but I don't see if as the original electrum, wallet keeps coming up, probably because I have it installed. If possible, please include the malicious app's link so that I can help report from side.
This is the link: https://play.google.com/store/apps/details?id=com.e.l.e.c.t.r.u.m.pro I have also included it in the OP. |
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This fake app was release in July 02, 2020 with over 1000 downloads. https://play.google.com/store/apps/details?id=com.e.l.e.c.t.r.u.m.pro     It is a fake wallet because it was released in July but claiming to have been existing since 2011 which was the year original electrum wallet was released. Electrum wallet is an online wallet but this one claims to be a cold wallet to safe private key offline. I have never heard of a paper wallet that save private key on mobile devices before, but this fake electrum wallet claims to work in such a way. Also it claims the private key can remain offline in a way users can go online with watch-only wallet. And, normally, electrum wallet can be used as cold wallet in which two devices will be used, one for cold wallet and the other as watch-only wallet, but the wallets app that will be downloaded for this is still the normal original electrum wallet on electrum.org in which the signature can also be verified on the site. This is just another fake electrum wallet with another scam tactics. Downloading the original electrum from electrum.org is the best rather than using third party sites like Google playstore to download it for not to download the fake ones. |
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If you join bounties, you will not be banned. Most bounty hunters are useless posters and in one way or the other go against one or more rules of this forum which can get their accounts banned. Many of them are spammers and also like to plagiarise, but the ones that fully obey the rules of this forum are not banned.
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100% agree. But the conversation is mostly with deciding what the default denomination would be(e.g. on Coinbase, on CoinMarketCap, etc) instead of the default BTC that we’re currently using; not necessarily the one and only denomination that should be used.
All the three dominations are used. I remember when I was still novice and using faucet and pay to click sites to collect bitcoin, the amount collected was represented in satoshi, mbtc and btc, also I have seen crypto betting site recently having campaign on Bitcointalk forum that represent bitcoin in mbtc. While also you can choose the denomination you prefer on some wallets. We can use what we wish among the three. On exchanges and on sites like coinmarketcap, the domination of bitcoin should be btc, nothing should alters that for people (newbies) not to confuse. |
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I have never used Tether outside of exchanges and I wanted to send a small amount to my mobile wallet (Coinomi) and I am wondering how that works?
Coinomi support many tether addresses, it support Omini layer USDt that has the addresses similar to bitcoin address because it is built on bitcoin blockchain, it also support ERC-20 USDt that is built on ethereum blockchain. USDT is also bulit on other blockchains like tron, and it is similar to the address of coin that is built on its blockchain. - Are the transactions taking place on bitcoin blockchain?
You can check this tether blockchain explorer https://usdt.tokenview.com/- Do I need to also have bitcoin in that address to pay the tx fees?
Tether fee will be charged not bitcoin fee. I don't want to move Tether between chains, I want to send Omni layer Tether to Omni layer tether.
Before sending the tether to coinomi, check the prefix of the address on your exchange account, if it starts with 1 prefix, then you will send it to the Omini layer. If it starts with 0x prefix, then send it to ERC-20, also check if it starts from tron address, if so, then send it to TRC20. |
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Of course. But the problem is for the newbies who get affected by the so called "unit bias", whereas they're mostly going to be more lured into altcoins because they're "cheaper". I know they should be doing their due diligence, but still.
It is right that bitcoin price can be high for newbies. But, if bitcoin is represented in satoshi, that will take away the name of bitcoin, also having a prefix of m ( mbtc) does not still make any good sense because some newbies can still even think it is part of the ethereum wrapped tokens like wbtc, rbtc and the likes. Representing it with bitcoin is the best. When it is bitcoin, its price had risen all the way from $0.03 to $19000, so I do not think this should be a problem. Bitcoin also gotten to all time high this year, altcoins like ether, ripple, litecoin and so on have far behind getting to their all time high which indicates bitcoin to be the point of attraction. And come to think of it, newbies do not bother about price, they only prefer what is superior, the best and the one in vogue. Bitcoin is depicted as bitcoin while over 7500 other cryptocurrencies are known as altcoins, just because bitcoin has the marketcap that surpass all the whole altcoins. This indicate how bitcoin is so strong, and this is a reflection of the reasons why newbies still prefer to go for bitcoin. In my opinion, I do not see this as an issue. |
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I only know three ways bitcoin is usually represented which are 'bitcoin, millibitcoin and satoshi' but the most often representation is bitcoin. I think we do not need to bother about this, all we need to understand is to know how these three representations are related.
About the issue of seeing bitcoin expensive. Normally, I can buy as low as $10 worth of bitcoin, I can still calculated it in any of the three representations but I prefer using bitcoin because I am more used to it.
Traders and experts do not follow how big the price of bitcoin is, but follow to buy at low price and sell at higher price. If bitcoin gets to $30000 today, people will refer to when bitcoin is at $20000 to be when its price was low, that is just it.
Any representation is good, but to profit from bitcoin holding and trading is the most important.
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Just want to congratulate you, it is not easy to be a full member, your full membership which you have just achieved is enough to know how hard you have worked by quality posts you now have on this forum. Try to posts more and earn more merits to be able to rank up more.
I will like to suggest you to add one more rule, 'that posts in bitcoin related sections will only be given merit'. Although, that depends on your opinion.
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Privacy, security and safety are all important not only offline but also importantly online, many people do not even know there is an existence of online privacy while making use of their device online in a way their privacy can be compromised, and also in a way that can lead to malware installation on their device(s). There are many security practices that must be deployed which can lead to online protections. OcTradism compiled lists of many topics in which he also included the link above, this can go a long way to helping people to providing tactics and ways to online privacy, security and safety.
About the video
I watched part of it, it was interesting and can help newbies to certain extent. But,
1. The guy said seed phrase are 24 words, but normally seed phrase can be 12, 15, 18 or 24 words, instead it should have said seed phrase are make up of 12 to 24 words. I like one thing about this forum, ranked members like to make sure they post in a way that makes their posts very correct, or be corrected.
2. Also, the guy first mentioned the use of a book to save passwords and others like seed phrase and passphrase, this is right and should be the way to follow. But, he later mention that the easiest way is to make use of password managers, I strongly disagree to this. Password managers synchronized online and you will provide it with a email and a password so that even if your phone is lost you will be able to recover back all the passwords. It is truly easy but can lead to attacks, assuming an attacker just get access to your device, or your login details, that will be all to all your accounts as he can see all your passwords. Backup of such sensitive things online is total wrong.
Backups is best to be offline, using a pen and paper for it will be fine, or writing it on metallic sheet, or using other good means you know can be able to recover back the passwords in a way it will not be vulnerable to damages and attackers, and triplicating the passwords and having it in three different locations will be better.
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I do not know what could have possibly wrong with your Trezor but most likey the fault is that you are getting it wrong. Normally, your txid can be tracked on blockchain explorer which makes your transactions transparent, the bitcoin are on the respective addresses certainly. |
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