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81  Other / Beginners & Help / Re: Gold vs Btc on: November 29, 2023, 09:21:22 PM
Who told you BTC is preferred over gold? This is a bitcoin forum so it is obvious that this community will vote for btc but if you go to a gold investor community they will vote for gold. The number of people who like to invest in BTC is higher because the risk it carries is considered an uninvestable asset by many traders. I do like BTC and gold at the same time and i think gold is also a very good option for someone who is trying to save their money from being lost in value due to inflation.
82  Other / Beginners & Help / Re: A lesson from other people's mistake can go a long way on: November 29, 2023, 09:17:04 PM
This is a good way to educate ourselves from other peoples mistake but are you sure that only listening to others can help you to avoid those? You can be conscious but without experiencing them by yourself it can still be difficult because there are so many different story and it is not that easy to remember each one of them. Perhaps you can open a self-moderated thread managed by you to share the mistakes you have made in your life. There can be more in the future so you can keep adding them individually so that others can learn from them.
83  Economy / Economics / Re: Luxury and spending lifestyle fastest way to poverty rich kids on: November 29, 2023, 08:56:00 PM
If that rich kid has a business whose revenue can sustain a life like that then i don't see any problem here. We should maintain our lifestyle in such a way that it doesn't cost us our financial ability. If someone's spending is greater than their earning then this can be a problem for him. So we need to appoint someone for our financial management if our financial ability allows us to do that. This will not only minimize our costs but also maximize our investment strategy as that person can enlighten us on new business opportunities.
84  Economy / Economics / Re: Inventing a job is better than finding a job on: November 29, 2023, 08:49:48 PM
It is not as simple as OP mentioned. To create a new job position, at first we need to find out a problem that needs a human being to solve. This can be related to anything like a production, service or something that needs human interference. If you are planning to open a business and give some people jobs there it won't be inventing. Investing means totally new type of job that didn't exist at that time. As an example before the development of AI there wasn't a job called AI instructor where a job position would be opened for someone who knew how to command AI to do something. This is totally new job position.
85  Other / Meta / Re: Has Bitcointalk lost it's appeal for projects to announce themselves on? on: November 29, 2023, 07:50:36 AM
Observed lately that not many crypto projects announce themselves on bitcointalk these days. Currently successful projects like Ethereum, MANA, AAVE (back then ETHLEND), NEM have anns here, but as years passed we see projects stopped bothering with bitcointalk.

What do you think is the reason? Has bitcointalk lost it's charm?

There are projects that made announcements in the forum but the market is bearish and those new projects haven't gotten much hype in the market which is why you are seeing them this way. Another possible explanation is that there are so many marketing options available right now that new project don't want to spend their time designing an announcement thread for their project. Whichever case there is bitcointalk is not only an announcement thread for a new project. There are other useful aspects of this forum that should not be overshadowed.
86  Bitcoin / Hardware wallets / Re: Ledger Nano X Wallet Types ? on: November 28, 2023, 10:43:04 PM
I thought that was only for the bitcoins legacy network. I wasn't aware that it was for segwit work because its not written in there as other types of network. I will try that next time. Good findings by the way. I should have looked at their blog site to learn about it. That network will send bitcoin to the legacy network if i put any legacy addresses in there. I think I have withdrawn bitcoin to a legacy address before from binance but i have never tried to withdraw to Segwit before.

I think you're confused between deposit and withdrawal.
If you are going to deposit on the Binance app you should be able to see different networks just like this

As you can see it includes the Bitcoin (segwit) network but if you are going to withdraw BTC from Binance the segwit option is no longer there same as the image you provided above, if you choose the Bitcoin network it should support legacy and segwit type addresses(native and nested) I never tested this on the taproot so I don't know if the withdrawal to taproot will work but according to them all types of Bitcoin addresses on mainnet withdrawal should be working.

I wasn't aware of the fact that they are using a general BTC name for all types of addresses. When i tried to deposit i saw that segwit and Legacy deposit addresses were being separated and i know why but i thought it would be something similar in the withdraw option too. The type of address will be visible differently, which isn't why I misunderstood it. I need to make a withdrawal with the segwit address to test this and remove my confusion. BTW it was great to be clear about this small topic that i was unaware of all these times.
87  Other / Beginners & Help / Re: I am a Bitcoin novice, somebody help. on: November 28, 2023, 08:36:35 PM
You need to spend a lot of your time on this forum then, I like the fact that you need you will be earlier than some people in the future, many newbies don't get this so they quickly give up on Bitcoin.

This forum can be the groundwork for his learning journey as it contains the core knowledge about the bitcoin network. Spending time in this forum to read others comments can be fun it will be  time-consuming and there are other faster ways to learn about bitcoin. For a newbie having fundamental knowledge is important and there are some youtube channels that provide top-notch educational content about bitcoin. Listing on these youtube videos and podcasts can speed up the learning process, as we all know that the human brain can remember more content that he gains from listing than from reading.
88  Bitcoin / Hardware wallets / Re: Ledger Nano X Wallet Types ? on: November 28, 2023, 08:29:37 PM
Are you sure withdrawing to the SegWit address is available right now? This is the bitcoin withdraw option from my binance account. Which one from here is for Bitcoin SegWit withdrawal? I am only seeing bitcoins Legacy network, BSC(BEP20), Lightning Network, BNB Chain(BEP2) and Ethereum(ERC20) versions of bitcoin.
Bitmover is correct. You can also send to native segwit and nested segwit on Binance. You can click on the first one (bitcoin in your image above) to do that. Binance do not specify but generalize them as 'bitcoin' which is the first one.

I thought that was only for the bitcoins legacy network. I wasn't aware that it was for segwit work because its not written in there as other types of network. I will try that next time. Good findings by the way. I should have looked at their blog site to learn about it. That network will send bitcoin to the legacy network if i put any legacy addresses in there. I think I have withdrawn bitcoin to a legacy address before from binance but i have never tried to withdraw to Segwit before.

89  Other / Beginners & Help / Re: What is your solution to pay less Fee ? on: November 28, 2023, 08:21:51 PM
Quote
Re: What is your solution to pay less Fee ?
- Use ViaBTC for transaction accelerator.
- Use other coins.
- Don't make any transactions at all.
- Wait for the Ordinals hype to subside.

The 2nd & 3rd ones are somewhat correlated because if you don't want to make any transactions using Bitcoin, you will convert it into altcoin and then make a transaction using that one. I tried using ViaBTC once already, and it's helpful because they accelerated my transaction when the current fee was twice as high as the one that I put in which is obviously my fault. Lastly, Ordinals is the reason why the transaction right now is at its peak (or at least it's high). Just like what happened with NFTs, and ICOs, this hype will subside thus, transaction fees will go lower as well.

I need to learn about this ViaBTC transaction accelerator. I usually try to avoid any transactions when the network is congested. Sometimes i need to transfer my bitcoin to the exchange and i am a segwit user but the transaction fees are pretty insane here as well. Using other coins is a good option but i need to have my funds in the exchange first to do that.

This Ordinals hype is going crazy and till now i am not sure why there is so much hype about it. People are earning more bitcoin by using that?
90  Bitcoin / Hardware wallets / Re: Ledger Nano X Wallet Types ? on: November 28, 2023, 08:15:05 PM
Binance only allow withdraw to bitcoins legacy and taproot network so you can not withdraw BTC in your segwit or native segwit network from binance right now. But they allow bitcoin deposit from segwit address.

I have withdrawal to segwit addresses in the past, you just need to click "Segwit network". I opened my binance account and it looks possible now (but i dont have a bitcoin balance to try, but it looks to be working)

There is a tutorial about it in binance website
https://www.binance.com/en/support/faq/what-is-segregated-witness-segwit-0a6fcbc99a87424481c08bd894601759
Quote
What Is Segregated Witness (SegWit)
2020-12-24 02:09
Binance supports using Segregated Witness (SegWit) to withdraw Bitcoin to SegWit (bech32) addresses.

Are you sure withdrawing to the SegWit address is available right now? This is the bitcoin withdraw option from my binance account. Which one from here is for Bitcoin SegWit withdrawal? I am only seeing bitcoins Legacy network, BSC(BEP20), Lightning Network, BNB Chain(BEP2) and Ethereum(ERC20) versions of bitcoin.



What i am seeing is they are only allowing deposits from bitcoin's SegWit address and I have been using it on my phone for a few weeks. Maybe they just suspended withdrawing to SegWit or am I making a mistake here?
91  Other / Beginners & Help / Re: How could this journey be on: November 28, 2023, 08:06:27 PM
I'm new here with no knowledge of Bitcoin, I write this as Bitcoin enthusiast that's ready to learn, with the little information i gathered from friends when they were dicusing, I see Bitcoin as an opportunity and am intereested, but my problem is that I want to know way to go, I need help and clarificatioon on the way to go here.


You have said that you have no knowledge about bitcoin How do you understand that bitcoin is an opportunity? I do understand that you are fascinated by the technology and perhaps with the price mostly but without having fundamental knowledge about bitcoin it's just a speculative asset to you. It is great to see you enthusiastic about bitcoin and reaching out to the forum to learn more about it but IMO you should learn how to google first so that you don't need to come to the forum more frequently to ask about every new term you find when learning about bitcoin. Google is an ocean of knowledge so if you learn to boat through it you will discover many miracles.
92  Bitcoin / Hardware wallets / Re: Ledger Nano X Wallet Types ? on: November 28, 2023, 07:55:30 PM
Ledger Nano X device shows four type bitcoin wallet address.
Which one should I use for transferinf BTC from binance ?
is there any difference between them ?
is there a risk of lose the BTC while transferng ?


And I think ETH is on ERC20 network.
We should select ERC20 network if we send ETH from binance to Ledger.
am I correct ?

Binance only allow withdraw to bitcoins legacy and taproot network so you can not withdraw BTC in your segwit or native segwit network from binance right now. But they allow bitcoin deposit from segwit address. When you paste your bitcoin wallet address in binance's Address/Invoice option it will automatically pick the right network for your address if they support that network. So don't worry try to use all those addresses in the withdraw section to find out which wallet type you are using.  

Usually most of the tokens in the ETH mainnet are ERC20 versions of them. There are other ERC standards for tokens available in the ETH network.

ERC-721 Tokens.
ERC-777 Tokens.
ERC-1155 Tokens.
ERC-4626 Tokens
93  Economy / Economics / Re: Insurance is important on: November 28, 2023, 05:18:16 PM
This depends on where you live. What will be the point of doing insurance if the chance of getting compensation is low? I am talking about the situation in my country where almost more than 45% of insurance claims are rejected and the customer has to go through a long procedure in court to get their money. The corrupt system is not ideal for any institutional entity because the lack of implication of law and order makes it difficult for general people to get the benefits of an institution.
Insurances are mainly company based. So besides getting benefits from them, there are many risks because many unscrupulous traders can use them to create fraud nets.  So for this you need to be alert yourself and warn others and before taking the insurance, do a good research on the insurance whether it is approved by the government or not. And if it is approved by the government, then if it is fraudulent, will the government or the central bank take responsibility for it or not?  After researching everything, decide which insurance company you should insure with

I was talking about reputable insurance companies. Then government officials are also involved in this type of scandal. Some of the companies are owned by people who are loyal to the current government which is why they are still operating throughout the country even after their bad reputation. The problem is corruption, which causes an imbalance between crime and justice. When criminals are not being arrested for their crimes and they can bail out easily multiple times after doing the same crime again then no institution will work properly and the people will get no benefits from them.
94  Economy / Economics / Re: Economists advise caution in trading in Bitcoin currency on: November 28, 2023, 05:10:25 PM
He said, the central bank of Bangladesh is saying not to invest in Bitcoin. It is not an authorized currency. It is not worth investing in it.

I don't care about what some brainless fellow said. By mentioning authorized currency he means it is not legal in the country which is true but this is the power of bitcoin where you can evade any ban from any jurisdiction. This is the freedom bitcoin can provide which other asset can not. There is no way to know the origin of a bitcoin owner and where he is sending or receiving it. This they can not control and that is why they are trying to defame it only by mentioning the negative side of bitcoin.

To control the people they need to control the people's financial abilities. If mass adoption of bitcoin happens throughout the region then they will not be able to collect their illogical tax from their people. In bangladesh banks is paying a lower price for dollars than in the open market for remittances. If people start using bitcoin or other crypto for cross border payments their will be no profit from the banking sector. They will not be able to determine the price per dollar they want. They want total control and bitcoin is a threat to them.
95  Economy / Trading Discussion / Re: Should trading be for the rich? on: November 28, 2023, 04:51:08 PM
There are people who have learnt how to trade, practiced on demo accounts for long but have not had the money to try trading on the market, and so they have abandoned trading to try search for money first. While there are others who have too little income, that they cannot profit from the market trading, they are always worried about loosing and because of that they make mistakes with their technical analysis and end up loosing the little money they have. Should trading be exclusive to financially comfortable and rich because of how risky it is?

If someone has the skill to trade but not the money then he has to find ways to get the money first. What are the point of being knowledgeable about trading if you cannot trade due to a lack of money? The question should be how he can get the money. There are many ways selling a course about trading, running a live trading course can be run on the internet where students will pay a subscription charge, he can also open a youtube channel where he will share his trading skills with others This YouTube channel can also generate money for him.
96  Economy / Trading Discussion / Re: What’s your portfolio building strategy for crypto? on: November 28, 2023, 04:42:11 PM
Using AI for trends? What AI? Chatgpt and you will ask it about the current trends of the market? That is a good idea but if you are going to invest also in  AI projects too, you do not know how long trend is for them.

Strategy that I use is easy for it. No need to gather that much information about trends but invest mostly to Bitcoin.

And do not rely solely to AI, all of the data will be fed to you are like gathered info from the web that it has consolidated and nothing new if you do it alone.

The only place i found AI to be useful is data entry. It makes data entry so easy that it can do hours of work within a minute. This is not the only usecase of AI but it is too early to speculate about the limitless possibilities AI can bring. Perhaps right now the output we are getting about business-related tasks from AI is not satisfying enough but remember that it is the early stage of this technology, and from this ground level we can see a lot of possible use cases getting out through AI.

AI will make some humans jobless but for now using AI for market prediction or making business strategies is not the best option. It can be risky to trust an AI's judgement because it cannot understand human emotions and sentiments through its market behavior.
97  Economy / Economics / Re: How we survive food shortages on: November 28, 2023, 03:14:36 PM
The war did not have a big effect on the food crisis that occurred in the world, the war only meant that the countries involved could no longer make maximum use of agriculture so that it affected production which made it difficult for local people to get food. However, what is currently frightening is that almost the entire world is being hit by extreme climate change, so the entire world is very worried about the food crisis.

What if that war-mongering country is a major exporter of a specific food? In this case Russia is one of the major exporters of worlds wheat and the war makes it difficult to keep running a safe transit. No other country will take the risk of importing goods from a country that is at war. The country that was dependent on importing wheat from russia will have to look for other alternative or they will face food shortages.

  Yes, maybe people in rural areas can still survive and have the opportunity to work on the available land to support life. But another obstacle they face is the difficulty of obtaining fertilizer materials and the price is very high, so the current conditions are very difficult for all residents, both in villages and in cities. The government of course always thinks about this thoroughly, but the impact of climate change and conflict situations between countries makes this crisis difficult to overcome.

Earth's soil is naturally fertile if you are not living on a rocky mountain. We use fertilizers to increase food production, but without their use, we can still grow crops. There are other better alternatives, like compost fertilizer, which can be produced by using natural ingredients that are available in our surroundings. The only difficulties the villagers will be facing is with their communication or transportation. In a war, the most affected sector will be transportation, which is essential for importing any goods from outside the villages.
98  Economy / Economics / Re: Why is Bitcoin always affected on: November 28, 2023, 03:01:54 PM
I apologize if this is a dumb question but the fact is that I don't know why.

My question is, why is Bitcoin market always affected by all economics news, example is the issues with US bank like the SVB. Thank you

Major events like war, natural disasters, major bank defaults have some kind of economic impact globally. Not only bitcoin but also stocks, forex and other market have also been affected because all these are correlated with one another. As an example if a bank collapses and some of the users of that bank are bitcoin investors. In this situation for any emergency situation, those people will liquidate their bitcoin in the market. Now think about what will happen if a few thousand users have this same situation. This will create sell pressure in the market which will be the reason for a correction.
99  Economy / Economics / Re: Black Friday deals and your plan to hold bitcoins. on: November 28, 2023, 02:54:49 PM
After this prolonged bear market where we struggled to accumulate bitcoin, this is not the right time to sell bitcoin for any possible correction. The feasible approach should be to prepare some cash to accumulate more bitcoin if there is any correction in the future. No one wants to risk missing the train only to get a few extra % discount on the bitcoin price. What if there isn't any correction at all?


Did you have to use some or a significant amount of your bitcoins?


Selling assets to purchase goods or basic needs is an ill practice if you are an investor. Your investment funds and your monthly expenses should be managed differently. Let your asset grow in value, then with the profit do whatever you want to do or keep that asset as collateral and take a loan in fiat or stable currencies. This way you can fulfill your desires without selling any assets.
100  Economy / Economics / Re: Insurance is important on: November 28, 2023, 02:41:19 PM
This depends on where you live. What will be the point of doing insurance if the chance of getting compensation is low? I am talking about the situation in my country where almost more than 45% of insurance claims are rejected and the customer has to go through a long procedure in court to get their money. The corrupt system is not ideal for any institutional entity because the lack of implication of law and order makes it difficult for general people to get the benefits of an institution.
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