The 1% fee charge for the transaction is my attraction point for their service and no foreign fee inclusiveness irrespective of the companies or individual locations.
The 1% fee is too high for me, people sending millions of dollars will see it high. I can pay as less as possible while using my noncustodial wallets. BitPay ID? Does that mean recipients need to register at BitPay?
They have tedious verification just like before, nothing changed about their verification than for more privacy depriving policies that they possibly could add to the present ones. There is nothing these organizations providing custodial services will provide than ways for customers to provide kyc. |
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But we should be mindful of their tactics, we all saw what happened in 2017 and this might be a replicate of it, so, let be more smart this time not to fall victim of the last man standing with ATH Purchase. They are pushing to another ATH before sell-off their accumulations to leave smaller institutions and individual buyers stranded (Hope you remember the year 2018 and 2019 experiences?).
You make a good point, which could make you to be right. But, during the 2017 bullrun, retail investors were the ones that fomo and buy bitcoin at the time, but this time, it is institutions are more that buy bitcoin and drove its price as high as the current price around $16000. Many data have led to conclusion that it is possible for bitcoin to achive all time high possibly very soon. But, very also possible the institutions to sell their holdings which can cause bitcoin bullback. https://cointelegraph.com/news/bitcoin-whale-clusters-show-institutional-fomo-is-behind-the-btc-rallyThis bull market will be more stable than 2017Atop the heightened involvement of whales and institutions, overall trading volume has substantially increased in the recent rally. Data from Santiment, an on-chain market analysis firm, also shows Bitcoin volume at around $31 billion and this is much higher than on Jan. 6, 2018. At the time, BTC price also was hovering at around $16,350. Santiment analysts found that the ongoing rally has more volume behind it than the 2017 rally. The analysts wrote: “With Bitcoin hitting $16,350 on CoinbasePro an hour ago, we're now at the highest price level in 34 months (Jan 6, 2018). The avg. daily trading volume this week is $31.0B vs. $18.5B then.” The roadblock in the near term for Bitcoin remains whether whales will sell at the $17,000 resistance. Some analysts say that there is no clear resistance until the $18,500–$20,000 range, which means an all-time high could be much closer than most expect. |
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The Google Trends interest is relatively low for the keyword “Bitcoin” while on-chain data shows smart money is accumulating BTC. Bitcoin (BTC) is continuing to show strong momentum even after a major rally. In 2017, when the price of Bitcoin hit an all-time high at $20,000, the retail demand was at its peak. Google Trends data soared, mainstream media coverage noticeably increased, and spot exchange volumes exploded across major markets, especially in South Korea and Japan. This time, the Google Trends interest is relatively low for the keyword “Bitcoin” while on-chain data shows smart money is accumulating BTC, which means possibly High-net-worth investors are buying Bitcoin  Bitcoin mean transfer volume. Source: Glassnode Another Glassnode metrics paints a similar trend. The number of Bitcoin addresses holding more than 100 BTC hit a seven-month high at 16,271. And, Whales consistently buying Bitcoin over the past few months is optimistic in itself. But, Woo emphasized that the number of new whales has also increased.  The number of addresses holding over 100 BTC. Source: Glassnode Google Trends data shows relatively low retail interest Bitcoin search volume on Google. Source: Google Trends Nevertheless, while the search volume for Bitcoin remains low, there is a particularly high interest coming from states like Hawaii, California, Nevada and Washington. But despite the high interests in these areas, it is still researched and known that whales are responsible for the recent increase in bitcoin price. The fact that larger hands are accumulating BTC instead of retail investors also explains the somewhat suppressed mainstream interest in Bitcoin. Various metrics, including Google Trends, have shown lackluster mainstream demand for BTC despite its parabolic rally in recent months Institutional "FOMO" makes the current BTC rally stronger than previous cyclesWhalemap analysts described the recent spike in demand for Bitcoin from whales as “institutional FOMO.” FOMO, short for "fear of missing out," refers to a trend wherein investors increasingly buy into an asset fearing it will continuously surge. Referring to a chart showing whale clusters and inflows into whale wallets, the analysts said: “These are the levels and this is what institutional fomo looks like.”  Whale clusters emerge when whale addresses — addresses that hold over 10,000 BTC — buy Bitcoin and do not move it for prolonged periods of time. This shows that whales plan to hold their most recent BTC purchases in their personal wallets. https://cointelegraph.com/news/bitcoin-whale-clusters-show-institutional-fomo-is-behind-the-btc-rallyhttps://cointelegraph.com/news/silicon-valley-and-smart-money-are-behind-this-bitcoin-rally-data-suggests |
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Robert Bench, the Federal Reserve Bank of Boston’s director of applied research, thinks privacy should be a focus during the creation of digital money, not an afterthought. “Privacy is a question that we have learned is critical from a technical perspective,” Bench said during a Chamber of Digital Commerce panel on Friday: “One of our learnings is that the questions of privacy and identity must be considered at the earliest stage of the architecture. Making privacy or identity an ad hoc process is suboptimal from both a privacy or identity perspective, and most importantly from a security perspective.” A largely digital world often means less privacy. Money is no exception. While countries look toward central bank digital currencies, or CBDCs, payments are less private than the cash transactions of yesterday. CBDCs may or may not give users privacy Privacy should be a key talking point from the beginning of CBDC development. https://cointelegraph.com/news/privacy-should-be-at-the-core-of-cbdcs-boston-fed-research-director-said
What did you people think about this? To me, it is like saying what is not possible, even as fiats are, governments do their best to compromise peoples privacy, it is clear that the governments will always compromise privacy, and yet scam and money laundering are always on the rise. How can CBDC be privacy digital currencies, it is clear and obvious that this is not possible, CBDC will be centralized currencies that will strip people out of privacy. |
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I don't think Bitcoin got anything to do to help people escape poverty, not as long as they bought Bitcoin and threat it as an asset or investment, but overall I really don't see any aspects that it can help people to escape poverty. But in terms of financial services, yes Bitcoin is really capable of that, which is the most goal of Bitcoin having the freedom and we will have our own bank in our pockets.
Assuming, developing countries have what it takes to mine bitcoin, with that, more income people of the countries will earn. The miners will convert some of the bitcoin to fiats and use it to buy something in their community, thereby helping others in the community. If people of developing countries have invested in bitcoin as far back as 2015, it would have brought them earnings too, it will surely affect their counties positively, how about the custodial services like exchanges, if some developing countries have it, it will help them to provide employment. Bitcoin brings wealth to nations, if people of the developing nations embrace it, it will bring them wealth. |
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There are offers on this forum, and there are still ways people can make use of these forum to earn bitcoin. We just have to face reality, I noticed many people are hear but not hard working, if they are hard working, there are many ways to make bitcoin on this forum. I joined this forum this year, but I am making earning little bitcoin now, and I see you joining campaigns too, there are still few bounties too in altcoin section, and there are more ways to earn on this forum, check the quote below, it is not new to you, but newbies can read it to know that their are opportunities on this forum. The question is, can they be hard working to understand this forum and have some qualities inorder to go for these? Bitcointalk.org is a very extraordinary forum, unique. Here we are free to interact, communicate and so on as long as we still follow the forum rules. Many are angry, many are happy. The emotions in this forum not only make us smile alone but also make us feel what makes other people feel sad.Then what exactly is Bitcointalk.org?From my point of view, Bitcointalk.org has provided everything for everyone with equal opportunity. There are different goals of the members here. But one thing is for sure, Bitcointalk.org is where we work, joke, or even have a career.
Why do I say that Bitcointalk is a career place? This is what I feel, I am only a member with minimal knowledge of technical crypto development. But there is another side that I can achieve from Bitcointalk.
A career journey that can be felt by all members, if you use this forum not only to take part in airdrops and bounties without any consideration about the project and just trapped by scam project promotion to waste your time. Here some career that can achieved by community
1. Become a Community Manager (Freelance, Contract, Full-Time)
One of the careers that you can get in this forum is as a Community Manager (I will call it CM). Those of you who have communication skills can become a CM. There are hundreds of legit projects that you can find from the Announcement Board page or from Services/Services announcement board. From there you can do a project research, look for opportunities, and apply as a CM. The payment also varies, depending on how much you respect yourself.
2. Become a Bounty Manager / Campaign Manager (BM / CM)
A Bounty Manager / Campaign Manager (hereinafter I will call BM), is also one of the jobs that you can make a promising career for you. Just look at how Hhampuz, Murat, Coolcryptovator, DarkStar_ and other top BM are working form campaign a project. Not just one project, they can hold up to 5 projects at once. Isn't this very interesting to be an example that a career as BM is very exciting. Recently I handle some campaign as BM, this is very good experience to be part of the community, you have a same opportunity, just remember follow the rules of the forum, learning, discuss, and sharing. Impossible is nothing to be one of the top member with good reputation to build your "Brand".
3. Become a money lender
Lending money is also like going through a career, you get income from the loans you provide. Even if there are those who offer interest-free, the community still appreciates it by giving something extra. If you are serious about this, you can become a successful lender. For example, OmegaStarScream, DarkStar_, DireWolfM14 and other who doing this services for a long time with lot of customers.
4. Become a professional designer (graphic / website)
Threads, signature campaigns, promotions all require designs to attract members' interest in Bitcointalk. If you don't get the opportunity at freelance website services, try to be more serious about improving your design skills. Thus you can be trusted to be the permanent designer of a project. Or use the service by top BM.
5. Translator or content creator
Lot of project need translator to bring their project going global. You can take this place too. Also you can be a professional content writer to help a project creating content marketing or anything related. This is very good opportunity, you can work from home everyday. And working as you want 
6. Developer
Are you website developer, application developer? You can be a professional and reputable developer here.
7. to much to thinking about the opportunity here , you can find it by your self 
There are many careers opportunities that can be achieved by all members in this forum.
END NOTE:
Unfortunately, this opportunity was not taken by the members. Especially the members who just joined Bitcointalk.org. They only think about Airdrops and Bounties which actually don't guarantee an opportunity if they don't do research well, even though doing research doesn't mean it will be 100% successful. However, by choosing to achieve a better career as a freelancer or full-timer, trough Bitcointalk.org. So, are you Newbie. Jr. Member, Member and high rank though, do you still want to continue to chase the something that can be a waste your time only or become a smarter members to see opportunities than just greed for shitcoin?Let's think about it, and see you when become a better member |
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If we can predict the value of bitcoin very well, there was a time bitcoin was much volatile than now, but bitcoin is getting stronger with the marketcap it is accumulating, bitcoin could be a volatile currency but that will be for now in such a way it can still decrease, but if we check and analyze about bitcoin very well, we can noticed that bitcoin will be getting stronger all the time. $20000 was the all time all for bitcoin, but very soon it will break new all time high. There will be a time the world will really depend on bitcoin because of its steady increase that will still occur, there will be a time when the remaining supply of bitcoin that will be mined will be very little, there will be a time when all bitcoin will be mined, people will be knowing more about bitcoin, more people will be getting educated and getting to know the value of bitcoin and why it is better than fiats and commodities like gold that will still have continuous supplies. The more the marketcap bitcoin will be having, see bitcoin getting stronger because more people will introduce it to friends, families and business patners. With that by then, bitcoin price will just be increasing the more, even if its price decrease, it will later increase more than the decrease in such a way people will want to invest in it and use it. I do not think the man is wrong, although we do not know the future, but I hope it is clear that if there is no bitcoin, more people would have invested in gold, but with bitcoin, some gold glory is being taken, and very possible more people will turn to bitcoin, and later affecting the price of gold, although, it could take a long time. I am predicting people turning more to bitcoin investing and trading in the future. |
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As far as I know, there were no problems with user's funds on the binance platform. But everyone has their own preferred way of storing bitcoin.
Everyone has the preferred way of holding bitcoin, but ignorant people that do not know there is anything called private key or seed phrase will be the one to make use of no-private options to hold bitcoin, exchanges should be highly discouraged. And, also, binance has been one of the hackers victim once upon a time in 2019 when it was hacked, exchanges are often hacked. |
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Binance is a custodial exchange, it is not good for savings, it is not even recommended to leave your bitcoin on exchnges because exchnges are vulnerable to hacks by design. Non your key not your coin, binance provided you with no private key, and they store your funds on hot wallets.
Trust wallet is also own by binance, but it is still better, it is open source close source, and also noncustodail type of wallet, which means it generates you private keyband seed phrase. You can download it, and make sure you download it from the trust wallet official website. Make sure you back up the seed phrase it provides you, and save it from damages and attackers. Know that it is online wallet, keep your device away from malware buy accessing only legit sites or by using the device for only wallet purposes.
If you are dealing with bitcoin, you can try electrum wallet too, you can download it from electrum.org, it is a noncustodial wallet, but it only support bitcoin.
For better holding which is more safer, you can try and buy hardware wallet like ledger nano or trezor, it stores your private key offline, but still be careful of attacker while using it for sending bitcoin.
Edit: thanks Bttzed03. I will not advice anyone to use close source wallet.
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This should be the topic: MicroStrategy CEO Explains Why Bitcoin Is ‘a Million Times Better’ Than ‘Antiquated’ GoldI believe some people in the world have known how fiats are subjected to inflation, and how it is not competitive with bitcoin in any way. Also, people have known how bitcoin could be a better asset compared to gold, I could not get this clearer before, but this news opens my insight to some possible future occurrence that could ensued into significant price dump of gold.
Bitcoin pivot Convinced the dollar was no place for MicroStrategy’s excess capital, Saylor said he and his executives began trawling around for a “tangible” asset alternative. “We had to cycle through real estate, bonds, equity, precious metal, derivatives or crypto,” Saylor said. Of that group, precious metals, particularly gold, has long stood as an enticing store of value, a scarce, safe-haven asset recognized around the world. Not to Saylor. For starters, he balked at the notion that gold is scarce. “Gold is the least abundant of the commodities, but you can still produce gold,” he said. But he’s also acutely concerned with what he describes as the clashing interests of gold miners and gold bugs. One is trying to capitalize on the market by mining replenishable supply while the other is hoping that access remains scarce, pushing prices up. “The gold miners are the enemies of the gold holders,” said Saylor. “The gold miners are trying to destroy your value, right? They’re not trying to help you.” He predicts an even bigger problem with the gold market: Investors fleeing to bitcoin. Even if they don’t know it yet, Saylor thinks gold investors will eagerly dump the commodity for what he calls a superior store of value. It’s not an if. It’s a when. “Not a good bet to bet against ingenuity and assume that people will be lazy and ignorant for the next decade, because it’s not likely,” Saylor said. https://www.coindesk.com/microstrategy-ceo-bitcoin-better-than-antiquated-gold
In my opinion, this man is very right, people are getting knowledgeable compared to the past era, people will not be ignorant like before, gold will still be mined because it still has large deposit in the world, the supply by gold miners is what could make its price not be increasing the way it should be, this could be the exact point that can result to people leaving gold for bitcoin. Bitcoin, will eventually be a scarce asset, unlike gold, only 21 million bitcoin in total supply, and in a way that the supply is reducing and at one point will end, and there will be no bitcoin supply again. With how bitcoin is, people will embrace it more and more, the marketcap will increase, thereby the price will increase, thereby people leaving gold and buying bitcoin and this could lead to drop in gold price, even if the price do not drop, there is still possibilities the price of gold will not be like before. This is not the first news I am reading this, but I gained more from the news that gold holders may eventually leave gold for bitcoin and this could result to gold price being dumped. |
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It is good not to risk the money you can not afford to lose, it is also not good to be foolish, instead of people to see risky businesses as fun, they still prefer to use high amount of money that could get them into trouble. Some people like to gamble, they become addicted, and yet losing than what they can afford, borrowing, selling properties and the likes but yet betting and it becoming a problem for them. Such businesses like these are risky, and people do lose than gaining. Betting and all these businesses should be for fun, because the more we do it, the likely we lose. But, if fun for us, the results can be great for us one day without us expecting anything good coming, people should not be greedy, luck in life requires patience and hard work.
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Before, when the price of bitcoin was increasing significantly, it increased right from $0.08 within a decade to as high as $15000 recently, this could have triggered these people to be predicting in this direction. There was a famous man that predicted bitcoin to be $100000 in 2020, but later this year when he realized it is not possible, he later said his prediction will not be possible. I like people to be more realistic than predicting what might not happen. Without them predicting anything, bitcoin is able to increase while more people will buy it, which will be increase its marketcap, that is just normal, but I do not think bitcoin would reach such high price by December 2021, but it is certain that bitcoin price will certainly increase and will increase beyond what is predicted above, because it is a deflationary currency with a limited total supply, but it will take longer time before bitcoin will increase to such extent with a marketcap of 2 trillion or more.
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The first effective coronavirus vaccine can prevent more than 90% of people from getting Covid-19, a preliminary analysis shows. The developers - Pfizer and BioNTech - described it as a "great day for science and humanity". Their vaccine has been tested on 43,500 people in six countries and no safety concerns have been raised.The companies plan to apply for emergency approval to use the vaccine by the end of the month. How does it work?There are around a dozen vaccines in the final stages of testing - known as a phase 3 trial - but this is the first to show any results. It uses a completely experimental approach - that involves injecting part of the virus's genetic code - in order to train the immune system. Previous trials have shown the vaccine trains the body to make both antibodies - and another part of the immune system called T-cells to fight the coronavirus.  https://www.bbc.co.uk/news/amp/health-54873105 |
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So, basically they have all the information about me but all the credibility that I have is only trust that they don't go bankrupt or plain exit scam.
I do not know about future, but as of today, it is clear that custodial services are not secure and safe by design, it is very possible some of them will be hacked by hackers and may go bankrupt. I was even thought they are making use cold wallet before, but according to some crypto news, they are making use online/hot wallets. The online/hot wallet they are using to store millions of people funds including the huge amount stored makes the companies rendering custodial crypto services attracted to hackers. |
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I do not think this should confuse you, if you know about custodial exchanges, they are like similar to banks and other companies providing crypto services. Only what you need to do with them is to allow them to hold your bitcoin and other cryptocurrencies for you. This means you are not the owner of the bitcoin and other cryptocurrencies on the respective blockchain, but you are the owner on the platfroms of the companies providing the custodial services, which means on blockchain, the company providing the custodial service is the owner of your coins. The companies will have to follow the laws and policies of their country, like subjecting your cryptocurrencies to tax in a way certain percentage of your profits will be taken and be paid as tax to their government. Also, you can not control your coin privately like having it on your own. And I have seen custodial services as the modern era ways of governments compromising privacy. I have seen the best as the self custody, in which you will have your private key or seed phrase to be able to unlock your bitcoin on blockchian, nobody will be able to manipulate your bitcoin into govermental laws and policies that may not favor you. And you will have much of privacy if you really learn how to maintain privacy and protect your noncustodial wallet(s). Maybe this service is designed mainly for institutions not retail customers. I don't really feel comfortable trusting my private keys to a third party..
It is both for institutions and retail customers, many people do not know about privacy and do not care about private key or seed phrase because of ignorance. It is you that will choose the best for yourself. And for me, noncustodial way has been the best than governments to compromise my privacy but ignorant people would not know. There are people buying bitcoin now that does not even know private key or seed phrase exist. |
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I believe you are from Africa, you are right that many African leaders do embezzle money and leading to misappropriation of funds, but that is just part of the reasons why African is not develope, but the main reason for African bad economy is mainly about what the leaders are capable of. Are African leaders capable to lead? I do not think so, because they are not capable to lead. Many of them are not literates, they only went to school but not literate to the extent they can offer the economy good. If they are literate, they have all it takes to make their countries economy to be one of the best in the world, but yet, they have the poorest economy. Unlike western and developed countries where their leaders are more educated, they know the latest going on, unlike Africa. Africa is the continent I have noticed they like political power, they like to manipulate politically, not thinking if it will favour their citizens or not, but that will favour them and their families. They do not even fully count their countries as a full home, that is why their wives, children and themselves have the green card to western nation countries like USA and also travelling there for medicals and many other reasons because they make their countries unfit for people. The people because of illetracy will still vote for such leaders and the leaders will still manipulate politically to get to the leading seat. What I have noticed is affecting Africa countries is the fact that they want to continuing depending on western national and national like China, they do not want to stand on their own and also lead the world. This has been the start as I see Africa has a continent that does not want to just stop this but following the old ways that could not get them out of their past misfortunes.
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It is called a token, not an altcoin.
Be it coins or tokens, so far they are not bitcoin, they are regarded as alternative currencies, while alternative currencies are referred to as altcoins. Any cryptocurrency existing that is not bitcoin is simply an altcoin. |
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