Not really anything new. These sort of schemes have existed even before bitcoin existed. Just instead of being a purely fiat-powered investment scheme, they just plaster things like "bitcoin", "blockchain", "crypto", "decentralized", etc and they use websites with great looking UIs to hopefully trick the newbies.
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Effective po ba talaga? Di kasi ako madali magtiwala sa mga ganyan kasi nakakatakot baka akala natin trusted yun pala hindi. Tsaka never ko pa po natry gumamit ng ganyan. Sa ilang years kong pagsstay dito never ko po naisipan gumamit ng ganyan kasi hindi naman po ako nawawalan at feeling ko safe naman ang coins ko sa wallet ko.
Depends kung anong wallet gamit mo. Pero kung nasa kataasan ang amount ng bitcoin mo, I'm telling you— kahit tingin kong well adept ako sa larangan ng security at privacy, hindi parin ako komportableng nasa mobile wallet lang ung coins ko.
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Can we say that his work has been done or is still a work in progress .
It will always be a work in progress. I'd imagine Bitcoin wouldn't have a sort of "final form". " What has been the development of Bitcoin and improvement since that statement was made till now?
Literally everything you see regarding Bitcoin is a development and improvement since the whitepaper was released. Heck, the day the whitepaper was released, the software and source code wasn't even released yet. And will Bitcoin (satoshi dream or goal ) be fully accepted in the world as a means of payment?.
Adoption is increasing, but time will tell.
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There's a good chance that all their likes, follows, shares are all bought up and not gained naturally through promoting their scam.
True. Pero looking at their posts, may decent engagement sila. Possibly rin na boosted ung mga social media posts nila kaya mejo marami raming reacts at may mga nagcocomment.
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Along with what tranthidung suggested, you could also add statistics on how much the word "bitcoin" is being searched on Google from people in Bangladesh, using Google Trends:
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If we're going to take it by it's definition, Bitcoin is actually the only real Decentralized Finance project. Even Ethereum itself, the platform that these tokens run on, isn't even decentralized.
But yea, not bullish on any "DeFi" projects at all.
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Yeah eth grew extremely rapidly and probably saw a pullback mainly due to transaction fee pricing imo. I think I paid $20 for a tx to be rejected on that network. Such throughput isn't very good...
If you're referring to the quite-recent price rise, I'm guessing that the rise and pullback was because of the boom and bust of the "dEfI yIeLd FaRmInG" thingamajig. Lots of Ether are being used for farming and buying up those yams, sushis, kimchis, and other crap some developers think of.
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where is the bitcoin mostly used after speculation on the markets?
Mostly online services. VPN/proxy services(Mullvad, PrivateInternetAccess, etc), server and domain hosting services(NameCheap, Vultr, etc), gaming black markets(Sythe, etc), computer hardware(NewEgg), sports betting(NitrogenSports, etc), and such. what is the area of economics that dont work without bitcoin ?
I'm not really sure what you mean here lol.
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FTX isn't the first crypto exchange to add stocks to their collection but it's a good move since its a trusted exchange and they have good amount of volume, demand and liquidity to make it work compared to much smaller exchanges.
Yeap, that's what actually makes this news relevant, as the alternative exchanges were the newer or the "shady" ones(besides Abra, which immediately revoked the btc/stock trading pairs just after a few months probably due to regulations) that I definitely wouldn't trust with my money. One thing's for sure though, liquidity and the order book is going to be shite(at least for now).
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If you're with plans to get into bitcoin completely, then it is good to sell your gold now. Compared to the beginning of the year, there is high percentage of growth with gold. Selling gold by now is a better choice, and for buying bitcoin it isn't the right moment.
Or better yet, just move some of your gold allocations to bitcoin. The crypto market looks progressive, so the chance for massive drop is very low.
Man, I'm personally a huge bitcoin bull, but this is definitely not it. While bitcoin can rise 10-20% in a day out of nowhere(just like it just did recently), the opposite is just as possible(just like what happened a lot of times earlier this year).
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"Past performance is no guarantee of future results".
Don't really expect prices of some altcoins(in BTC) to be the same this year. While I don't think coins like Ether(ETH) should be priced at $379 or BTC0.0285, to be fair, Ethereum had a really really small community back then and now has a far bigger one.
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Should I hold for more time?
It's completely up to you. Do you personally think that bitcoin will be worth more in the future? If so, then hold. If not, then sell. It's that simple. Should I buy some more now only or wait if the price dips a bit?
As always, bitcoin could go either way(up or down). Probably put yourself in a situation whereas you can take advantage if bitcoin either goes up or goes down. Probably buy in with 50% of your cash and have the other 50% ready for when bitcoin drops. Again, only you can answer this because we don't have a single idea on your financial situation. In general though, for people that have little to no idea with investing, Dollar Cost Averaging(DCA) is probably going be the best choice.
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I mean it is 'only' a debit card to your USD on a Coinbase account...likely PayPal will have more utility than
this with their BTC/Crypto launch..
Based on Coinbase's card page, it seems like you can choose the "crypto" you want to pay with, and it converts that crypto to USD at point of sale. Pretty much like how Xapo did it with their debit cards in the past which is really really convenient. Pretty much. This is just good in a way that current Coinbase users won't be needing to again submit KYC/AML information on a separate custodial service; and it makes it more convenient for them too.
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This has probably been suggested a thousand times already, but I'm going to mention it again anyway. For storing passwords, use open source software such as Bitwarden[1] and KeePass[2]. Just make sure to use a really secure master password for your database.
[1] https://bitwarden.com/[2] https://keepass.info/
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Back in the day when I was still using my Android phone, I was mostly using the investing.com app widget. While it's not the most sort of "modern" looking widget(and it's annoying as I'm a person who likes good UI), I also liked to track and observe the prices of other assets like the S&P500 and other blue chip stocks hence why I preferred it.
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Why? Only a small number of hodlers can read the code in fact.
While this is very true, it's only going to take probably one person(or a few people) that can read code to publicize it if ever a certain wallet software has some malicious code in it. Only one Twitter/Reddit/Bitcointalk post would probably be enough to expose the nefarious wallet's developers.
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You probably need to calm down a bit. Just a single problem with a withdrawal and were already talking about freebitco.in being a scam? Technical problems such as this happens to every other company dude. While you have the right to complain, probably don't come to conclusions that quickly. Also, probably send a message to TheQuin: https://bitcointalk.org/index.php?action=profile;u=143168
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I've always found it very strange why so few people have tried to pair crypto trading with stock trading.
I'm guessing it's because of the liquidity problem. Yes, there might be demand, but it will most likely be really really small as bitcoiners(understandably so) likes to hodl their coins. Cool implementation though, I'd give them that, and it's a feature that I'd personally use if my broker has it available.
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often, hackers try to split the amounts into many wallets. so that later small amounts do not attract attention, or in this sense
I do not know what to think. I'm interested, I ask you what if?
on this I would like to know your speculations
I make a remark that the large sums that lay for 10 years began to mix. and not 1 2 wallets, but a lot and this happens every month
Of course there is a possibility. Heck, even a typical transaction regardless of address format could also be a hack. But then, can we really do anything about it? And can we even know for sure if it really is a hack in the first place? Unless the address owners actually publicize what the transaction is actually about, then nope. Probably spend your time on something more productive instead.
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Err, because the owner probably just wants to? Maybe probably for privacy reasons? Maybe because the owner just paid a number of people? And the list goes on and on. How is this simple moving of funds "suspicious"?
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