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1  Other / Beginners & Help / Re: what are the disadvantages of paper wallet on: December 28, 2022, 04:47:16 PM
Most are saying that if you hold big amount BTC you choose paper wallet. what is the reason behind that?

Because paper wallets are considered cold storage — whereas compared to a wallet on your personal phone or computer, your funds should be totally safe from hackers assuming you created the paper wallet correctly.

In general, I'd recommend hardware wallets than paper wallets.


and just want to know if i keep small amount BTC on paper wallet , what is the disadvantage?

1. If you planned on making a transaction, you need to create a new paper wallet after the fact for security purposes.
2. Your funds can be stolen if you created the paper wallet using a malware-infected device.
3. Paper is fragile (though you can easily create multiple copies).
Hard ware wallets are too expensive and the setup process can be quite tedious for newbies.
They are vulnerable to physical risk.it can be stolen or even get damaged
2  Other / Beginners & Help / Re: what are the disadvantages of paper wallet on: December 28, 2022, 02:44:32 PM
The reason people use paper wallet is that they do not need to worry about a piece of hardware or a piece of software failing ,all they need to take care of is a piece of paper. you can store any amount of bit coin on paper wallet, its the safest way to store your bitcoin. it is sometimes not safe to store cryptocurrencies online or in exchange. After all,they are often haked.sometimes even your live wallet on your computer has its risks.
When you own your paper wallet ,the address that holds your bit coin is not yet connected to a block chain. So your wallet is not yet active until you enter your information online and  your wallet is connected to a live block chain.
3  Other / Beginners & Help / Re: You can Make 785 + Merits as well in 365 Days on: December 27, 2022, 03:20:27 PM
Your hard work and perseverance have paid off. Congratulations! Congratulations on your well-deserved success! You're an inspiration! Warmest congratulations on your achievement!
I wish to be there soon

4  Bitcoin / Bitcoin Discussion / Re: Has anyone ever lost bitcoins before? on: December 26, 2022, 07:59:26 AM
Losing bitcoin by mistake transaction to a wrong account
U can actually be refunded, but only when counter party knows the sender.which is infrequent
5  Other / Beginners & Help / Re: BTC awareness on: December 21, 2022, 06:00:54 PM
Speaking of bitcoin awareness, the use of cryptocurrency in africa has recently increased dramatically and some researchers have been made and it has been realised that African countries are among the top countries in term of bitcoin adoption.
Some countries in Africa are rapidly using fiat currencies to purchase bit coin because of the growing population of bitcoin in Africa. So many merchant have now accepted bitcoin payment as bitcoin adoption grows and am very sure that the use of cryptocurrency will become a standard world wide.
But come to think of it ,there are still countries were cryptocurrencies are not allowed which we need to look at.
The reason some countries hesitate in crypto adoption in Africa and other part of the world is its volatility. This is actually because no one has control over the mining process. Most crypto mining process takes place on personal computers.
Despite all this,the number of businesses accepting cryptocurrency as payment method remains high.
I just hope that the issue of bitcoin volatility would be solved soon because many countries see crypto currency as a way to increase their wealth.

 
6  Other / Beginners & Help / Improvising towards the worlds renaissance on: December 19, 2022, 11:17:29 PM
The improvement has began over times and bitcoin has gone a long way over a decade and more,I don't think we still have to look back at the previous means of exchange that we have, although bitcoin hasn't fully been considered a medium of exchange since it hasn't generally been accepted.

Bitcoin supports much lower transaction cost than fiat currencies. And we should also know that bitcoin never sleeps,you can send bitcoin to your relatives or friend anytime,no matter were the person lives and bit coin does settlement in minutes or less,fiat may take a few business days. Another thing about fiat that annoys Angry me is the need to convert them depending on the country of a friends bank,for instance if u have a friend that lives in india,then u will have to change the currency to INR.

Bitcoin is easier to be moved around since it relies upon a digital network for distribution rather than physical storage and transportation of fiat.
Bitcoin is very easy to buy,sale and HODL, now there are numerous ways and platforms that people can choose from to buy cryptocurrency.
It Is s important for anyone to dance to the tune of their days.
Bitcoin is the currency we have for this our modern world,and I expect everyone to HODL bitcoin.
We should improvise and improve with how the current currency rebirth is going, I don't expect everyone to HODL shit coin and I dont advice any one to find their way into NFT since its non profitable (non fungible tokens)
Am advising everyone to put in their effort and make haste while the sun shine.
If everyone could improve as how the currency system has improved,every one will be made to enjoy the privacy, freedom and the uniqueness of cryptocurrency which is based in bitcoin.

Regards

7  Local / Nigeria (Naija) / Re: Nigeria (Naija) on: December 19, 2022, 03:06:04 PM
NEW TOPIC
Username: Resident coin
Gender: male
Skill: student
State of origin: Akwaibom state

I dey very happy to see my fellow Nigerians here,I be newbie for here and I know sey many of you don master this forum. I just wan make we dey together as brothers and sisters, I hope say I dey welcome and we go make a good team??

Regards
8  Economy / Trading Discussion / Re: Best Trading Platform on: December 16, 2022, 01:06:11 PM
 I think you should try using octa fx because it has low commission,47 trading assets to choose from and also u get +50 present to any deposit.its a very trusted trading platform and has low entry cost on stocks
9  Economy / Trading Discussion / Re: How to raise funding for trading? on: December 15, 2022, 07:46:26 PM
I think that collecting loans is a good way of raising funds for trading. They are many micro loan options for anyone who is searching for how and were to get funds for trading
10  Other / Off-topic / Re: Electric Cars and The Future on: December 14, 2022, 05:46:41 PM
Having an electric car it good ,but what about the difficulties in finding electric stations,  And it also has a limited driving range
11  Other / Off-topic / Re: Do you Smoke? on: December 14, 2022, 05:31:58 PM
Am not a smoker
Smoking has a very dangerous effect to the lungs, it can cause shortness of breath and coughing. Stay away from it
12  Other / Off-topic / Re: How can you reduce addiction? on: December 14, 2022, 05:20:00 PM
Keeping your self busy and seek for counseling . try doing some behavioral therapy
13  Other / Off-topic / Re: Getting up and having positive hope on: December 14, 2022, 02:59:09 PM
Everyone needs to rise, no mater the situation because sitting down  one place doesn't help at all
Get up ,share your problems with others,they say a problem shared is half solved, share ur problem and fine a solution
14  Other / Off-topic / Re: Why do people cheat in relationships?? on: December 14, 2022, 01:32:40 PM
Cheating in a relatinship can be as a result of lack of contentment,sometimes it is caused by temptation.a man or a woman that is not contented with his or her spouse easily falls for temptation from other young people.

15  Other / Off-topic / Re: How to study well English grammar? on: December 13, 2022, 07:12:56 PM
To me the best way to speak good English is by having a good teacher and also a change of environment where u can find people who can speak good and fluent English and interact with them to enable you learn faster
16  Other / Off-topic / Re: Healthy Diet on: December 13, 2022, 06:43:07 PM
Taking the right food makes a healthy person,so if you don't eat the right food with balance diet,you might have serious health issues. You can get infected easily by diseases due to lack of nessesary nutrient needed in the body
17  Other / Off-topic / Re: Givers never lack on: December 13, 2022, 05:44:33 PM
In my perspective,I think that giving is a sign of love and a way to give joy, but some  people do not believe the saying givers never lack because there is a high rate of people who do not value giving,some people care about themselves alone.if every one were to believe that givers never lack am sure that the world would be a better place.
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