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841  Economy / Scam Accusations / Re: [SCAM REPORT] Bitmart.com SCAM, stolen over $100k on: August 09, 2023, 09:27:48 PM
It might astonish you to learn that around 98% of centralized exchanges manipulate trading volume, deceiving investors. Even Bitmart, among the poorest exchanges, engages in substantial volume falsification. It's disheartening to hear that you've been ensnared by their tactics. Consider pursuing legal measures against them and sharing your experience on their social media platform. By doing so, other users can become aware and raise awareness about this matter.
842  Bitcoin / Bitcoin Discussion / Re: Bitcoin has nothing to do with crime on: August 09, 2023, 09:15:21 PM
Criminals will continue to exist whether Bitcoin is present or not. Crime existed before the discovery of Bitcoin. Decentralized attributes sometimes attract criminals to use Bitcoin for ransom or payments, but Bitcoin itself isn't inherently linked to criminal activities. Criminals might resort to using fiat even in the absence of Bitcoin. Criminals will always seek methods to secure themselves, and Bitcoin might be one of their choices. The decentralized nature makes prevention challenging.
843  Bitcoin / Bitcoin Discussion / Re: can Bitcoin provide food for our table on: August 09, 2023, 09:08:14 PM
A friendly piece of advice: It's not advisable to rely on Bitcoin investment or trading as your primary source of income to cover your basic needs. This could prove to be a risky choice, especially if the market crashes and takes a significant amount of time to recover. Having a stable main income source is crucial to ensure you can maintain your livelihood even in the face of setbacks.
844  Bitcoin / Bitcoin Discussion / Re: Is bitcoin best option to invest on: August 09, 2023, 08:42:17 PM
Investing in Bitcoin can be a strong choice if managed well and if you have sufficient funds after covering your family's financial needs. However, it's important to note that Bitcoin is an investment with no guaranteed returns. It's possible that you might need to wait a considerable amount of time to see a recovery in its value due to its high volatility. Therefore, determining whether Bitcoin is the right investment depends on various factors.
845  Bitcoin / Bitcoin Discussion / Re: Can someone explain how $1000 btc turned to $100 in wallet on: August 08, 2023, 09:04:21 PM
I believe OP might be inadvertently promoting spam here. Either they're being deceptive, or their intended message isn't coming across clearly. This isn't aligned with how Bitcoin operates. To address this, it's important to provide a detailed account of the exact events and circumstances, including transaction details if privacy isn't a concern. Without this information, the threads could become inundated with spam, hindering any potential solutions.
846  Bitcoin / Bitcoin Discussion / Re: Bitcoin is for everybody but we must accept it before it can be ours. on: August 08, 2023, 08:54:23 PM
Bitcoin can be yours if you can afford to buy or earn it. Otherwise, how will Bitcoin be for you? There's nothing free in the world; you have to accumulate Bitcoin somehow before you can claim it as yours. So, being financially stable is one of the most important requirements to claim Bitcoin as yours. Your wallet should have Bitcoin, regardless of how you accumulated it.
847  Other / Beginners & Help / Re: Is all what they say about bitcoin true? on: August 07, 2023, 10:40:50 PM
We're relishing the liberty of expression within this forum, granting everyone the chance to share their perspectives on Bitcoin. Thus, those who comment can provide deeper explanations, shedding light on their viewpoints and potential frustrations. I posit that the comment may stem from Bitcoin's considerable price fluctuations, leading to unease. If your investment in Bitcoin results in a fifty percent reduction, contentment might elude you. This illustrates that Bitcoin's ability to bring joy is contingent upon substantial profits rather than constant assurance.
848  Economy / Exchanges / Re: *warning* Huobi insolvency rumours on: August 07, 2023, 10:35:08 PM
Houbi's silence suggests an underlying issue, and if the reports are accurate, we may be facing yet another unfavorable market situation. There's a growing concern that CEX platforms, alongside regulatory challenges from the SEC, could potentially harm the crypto market. While many opt for CEX for various reasons, a scenario where investors suffer losses due to corruption could lead to an exodus from these platforms, resulting in market instability.
849  Bitcoin / Bitcoin Discussion / Re: Bitcoin has nothing to do with crime on: August 07, 2023, 10:26:17 PM
Bitcoin isn't inherently a privacy coin; rather, it stands as a genuinely decentralized cryptocurrency. Your level of privacy is determined by the measures you take to safeguard it, given that Bitcoin transactions are publicly accessible. If I possess your specific Bitcoin address, I can still trace your activities. Bitcoin's objective is to establish a decentralized payment system, eliminating the need for third-party intermediaries.
850  Bitcoin / Bitcoin Discussion / Re: Is bitcoin really not for everyone? on: August 07, 2023, 10:03:03 PM
Bitcoin isn't suitable for everyone. Those who should get involved with Bitcoin are those who possess sufficient knowledge about it and also have the financial means to invest. If you lack the funds to invest or are primarily using your earnings for essential family expenses, then Bitcoin may not be the right choice for you. This is due to the potential for Bitcoin's price to decline, leading to potential regrets if you invest funds meant for daily needs. If someone has the financial resources, you can educate or inform them about Bitcoin, but if financial constraints are present, Bitcoin may not be the right fit.
851  Bitcoin / Bitcoin Discussion / Re: I see it, I feel it, I know it and it will live forever. on: August 07, 2023, 09:55:24 PM
Regardless of the narrative, my belief is that Bitcoin's longevity is not assured indefinitely. With the constant evolution of the world, Bitcoin will likely require frequent upgrades. As newer technologies emerge, they could potentially enhance or even supplant Bitcoin. Given the uncertainty of developments over the next century, it's conceivable that Bitcoin may become a historical relic. The natural course of progress involves discoveries that either improve or replace existing systems, and Bitcoin is not exempt from such changes.
852  Alternate cryptocurrencies / Altcoin Discussion / Re: Really Burn helps Token in positive way? on: August 06, 2023, 08:09:11 PM
The practice of burning for less popular cryptocurrencies, often referred to as "shitcoins," has sparked debates in the cryptocurrency community. Burning involves reducing the circulating supply of a token, theoretically leading to increased scarcity and potentially driving up its value. However, the effectiveness of burning largely depends on the underlying project's reputation and the presence of significant holders.

For a burning strategy to be impactful, the cryptocurrency project should have a solid reputation and a clear value proposition. Without these elements, burning may not have a meaningful impact on the token's price or utility. Additionally, if there are not enough significant holders or users actively participating in the project, the burning process might lack the desired effect.

A pertinent example is the case of Binance Coin (BNB), which has undergone burning events. Some skeptics argue that these burning events haven't resulted in significant price movements or utility enhancements for the token. They believe that burning in such cases could be perceived as more of a marketing tactic to generate hype and attract attention to the project, rather than a genuine mechanism for improving the token's fundamentals.

Ultimately, the effectiveness of burning as a strategy for lesser-known cryptocurrencies depends on various factors, including the project's reputation, the size and activity of its user base, and the overall value proposition it offers. Without a solid foundation and significant community support, burning might indeed be seen as an ineffective and superficial measure to create excitement around a particular token.
853  Other / Beginners & Help / Re: Did Bitcoin Bring a Smile to Your Face? How Did You Make It Happen? on: August 06, 2023, 07:26:37 PM
Indeed, Bitcoin has brought a smile to my face and my family's too. Throughout the journey, I have accumulated a substantial amount of Bitcoin and other cryptocurrencies, which has enabled me to establish a stable life. Without Bitcoin, I might have been stuck with a regular job or business, but thanks to crypto marketing, I continue to earn a decent income.
854  Other / Beginners & Help / Re: 3 ways of Turning your adversity to advantages in bitcoin on: August 06, 2023, 07:14:43 PM
Living life always brings challenges. There will be things that hurt you, but it's essential to stay focused on your goals and keep moving forward. This holds true for investing in Bitcoin too. There are numerous challenges, particularly during bear markets, which can occur unexpectedly. However, facing these challenges in your own way is crucial to becoming a successful investor. Patience is key in such situations.
855  Bitcoin / Bitcoin Discussion / Re: Be rich sheeple or free people, what's your choice? on: August 06, 2023, 06:44:24 PM
I prefer a decentralized approach for Bitcoin. Governments shouldn't control everything; they can allow Bitcoin usage and impose taxes when dealing with centralized organizations. I value my financial freedom and wouldn't want a centralized cryptocurrency under government control. It's more likely they would create their own cryptocurrency instead of centralizing Bitcoin, which would be technically challenging.
856  Bitcoin / Bitcoin Discussion / Re: risk of centralization of bitcoin. on: August 05, 2023, 08:27:54 PM
Until now, there hasn't been any recorded instance of a 51% attack on the Bitcoin network, as far as I'm aware. It's mostly a theoretical fear rather than a reality. Any mining pool attempting such an attack would require substantial energy and mining equipment. However, other miners would likely prevent such an attack from happening, which is one of the reasons why Bitcoin remains decentralized. Nowadays, carrying out such an attack is not an easy task, reaffirming Bitcoin's decentralization.
857  Bitcoin / Bitcoin Discussion / Re: If one like decentralization they will surely want Bitcoin? on: August 05, 2023, 08:19:23 PM
To successfully persuade others about Bitcoin's decentralized features, it's essential to provide a comprehensive explanation of its benefits. Show them how Bitcoin can revolutionize the global financial system by eliminating the need for third-party intermediaries. Highlight the advantages of working globally and receiving money without hassles, free from monitoring or control like fiat currency. By helping them understand these advantages, they will realize how Bitcoin can significantly improve their lives and financial interactions.
858  Alternate cryptocurrencies / Altcoin Discussion / Re: Top IDO maker project. on: August 04, 2023, 09:57:02 PM
I feel uneasy about IDOs, regardless of the platform. Although they introduce promising projects, many of them end up failing. So, I prefer investing in brand new tokens through IEOs on reputable exchanges, as I find it more profitable and secure. At least there would be high Liquidity to trade since IEO get listed on CEX right after IEO ends.
859  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What's the best Altcoin for this moment to accumulate right now? on: August 04, 2023, 09:38:46 PM
I strongly advise against investing in new-born altcoins due to the current unfavorable situation for such investments. Altcoins carry significant risks, with potential dumps leading to loss of funds. If you're interested in altcoins, Ethereum (ETH) might be a safer choice compared to others like BNB, which appears to be particularly risky now. In general, Bitcoin is considered a safer investment option.
860  Other / Beginners & Help / Re: Happy to reach 50 merit on: August 04, 2023, 09:31:32 PM
You have made some good achievements so far, and I want to encourage you to keep up your valuable contributions. However, don't be content with your progress just yet. Strive to become legendary in this forum, which means you'll need to put in even more effort and dedication.

I advise against making merit posts, especially these type of posts are highly discouraged. Some people might criticize you, and that could make you upset, potentially leading to a decrease in your contributions. Please understand that I mean no harm; it's just a helpful suggestion for you. Instead, focus on making meaningful contributions, and celebrate your rank upgrades as they come along. That way, you'll stay motivated and positively engaged in the community.
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