Bitcoin Forum
May 25, 2024, 06:21:28 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Bitcoin / Bitcoin Discussion / Re: Could China (or similar) take control of Bitcoin? on: May 09, 2024, 04:38:23 AM
I don't know why I feel repulsed whenever I see a mention of China in relation to cryptocurrency, anywhere. I guess it has to do with how China let this industry down by banning crypto activities in that country in 2017. That action was one that hit me hard at the time as a newbie in this industry. Then China was in a lead position in the space with lots of mining hash from there. That was then. In today's reality  I don't think anyone should as little as accord China a second thought once this industry is concerned.

Going by the population of China and their technological advancements, China has the potential power to take control of the Bitcoin technology if they chose to. I am saying this on the basis of the two factors I mentioned earlier, which are the population and the advancements in the technology of the country and amongst its people. Although, we do not know the founder of Bitcoin by identity due to his anonymity, however, from his name, Satoshi Nakomoto, he is an Asian by thoughts and could have come from those axis. Interestingly, China is great enough to take charge of the financial technologies but may not be able to do so, because the government in itself have banned the adoption of such.
2  Economy / Speculation / Re: Buy the DIP, and HODL! on: April 26, 2024, 03:35:02 PM
It's important to follow the rules, of course, but I think the most important thing is how well you can continue to invest the wealth you invest in the future. If you can regularly add money to invest your assets then you can continue the investment process as per the rules.
Of course, one should invest for future life. Start investing with courage, but don't show courage where you have to invest through a loan process. If you are a normal person then you cannot take big loan, even if you continue investment process with small loan money in long term investment process you will naturally face big loss. Of course we have to focus on additional income projects instead of focusing on loan projects, from where money can be earned and money can be invested. If you have a strong interest in investing then you must find new small income sources, small income projects will collectively grow into a big income source in the future. Investing can only proceed when the incoming sources work consistently.

If I am in a position to advise a friend, I will strongly advise them not to invest with loans. Especially if they are not currently managing businesses with assets that can be replaced with the initial loan taken as per the value of the loan meant to be returned. If not for big businesses who have multiple streams of income and insurance, taking loan for another investment should be discouraged. Otherwise, I will advise my friend to invest with the profits they've realized from their existing businesses, however small. Every businessman or woman has a vision, such visions can be translated as one's business foresight for the future. But, come to think about it, the future is just an imagination which every one builds in their subconscious mind. Planning for the future is essential, but planning for the present is even more important. In a nutshell, whatever decision you intend to take for the future, should not be detrimental to the present.
3  Bitcoin / Bitcoin Discussion / Re: Will increasing banking restrictions lead to a rise in P2P transactions? on: April 16, 2024, 10:26:09 AM
I do not like face to face trading because it is dangerous. In the country I am, I have to avoid it.

I do not like face to face trading or transaction too because I see that there can be some dangers in it especially if you are not comfortable with the business environment where the trade is ongoing, physical trading and transaction can be a bit risky. I also won't like the idea of cash transactions or trades too because of the insecurity that comes with it most especially when the persons involved are unfamiliar with another.

Now, what about crypto-to-crypto exchanges? Will government oversight and intervention restrict those. This could lead to decentralised swop services, and surely this is contrary to the wishes of the banking puppet masters?
There are some decentralized exchanges and swap services already and people are using it with tor.

I do not know why government is strongly working against the P2P exchanges within the cryptocurrencies community in a decentralized system. Will the reason be the government's interest to continue to control the financial sector within the crypto platforms which has been impossible to achieve or what exactly
4  Other / Beginners & Help / Re: What is merit all about? on: April 15, 2024, 08:39:44 AM
I will be grateful if any good minded person can kindly throw more light that to enable understand in details.  

I believe you should check this post out to understand what the merit is all about
https://bitcointalk.org/index.php?topic=2818350.0

The merit system was implemented in 2018 the forum Admin due to the rampant increase of shit posters and the need for quality post on the forum. It is the reward you get for creating good, useful, quality and helpful post here on the forum. I believed your friend should have informed you a bit about the merit along side as a requirement for you to rank up. When you make good post you are rewarded merits by members who finds your post of quality and helpful to him or the community. For every one merit you earn, you have 0.5 smerits(sendable merit) so if you earn two merits, you get 1 smerits which you can give to other members you find their post helpful.

Thank you for this convincing explanation, I will also want to ask if there are future plans to change the merit system. I understand that the actual merits are not sendable to others and only the sMerits can be sent. I'm curious to know if for instance, I can also gift out of my actual merit to a user.

I also wanted to ask if there are threads where we can decide to submit our posts for a review for merits gifting, when we create quality posts that are worthy of meriting.

Lastly, how can I know which of the posts to submit that are worthy of receiving merits, what are the indices of measuring a quality post in the forum?
5  Economy / Speculation / Re: Buy the DIP, and HODL! on: April 15, 2024, 08:20:21 AM
Bitcoin is king and all other coins are shitcoins because they are controlled and will not survive in the long run. I don't think that you have any investment yet, and it is people like you that will easily be decieved by influencers or the price manipulation of shitcoin, and you will rush to buying it. You will keep on holding those bags of shitcoin, till they will turn to zero value. This is when you will start crying to people that you have been scammed of which, you were the cause of what befall on you.

No coin is currently as reliable as Bitcoin. Over the years, bitcoin has grown to become the leading coin in the digital market and not to be compared with other new coins. Bitcoin has the integrity to be in the industry for a much longer time, amidst the volatility, you can be rest assured that your digital assets are safe. Nevertheless, if you are not vast in the way the investments are made, then you should still opt in for the DCA approach especially as newbies. Let's assume you have a lot of funds to invest in Bitcoin, if you don't have enough knowledge about it it is better to DCA rather than Lump Sum approach.

But like @Frankolala mentioned you can not invest in shitcoins and expect the same result from Bitcoin. Profit making in bitcoin might not be as mouthwatering as it is in other shitcoins if you are investing with little assets, but you are sure of your investment and profits as well.
6  Other / Politics & Society / Re: school education system is designed to kill good guy but allow bad guy to live on: February 27, 2024, 05:13:37 PM
I wonder when the economy became a place to post funny meme topics, your have a very wrong concept in general, who told you that good guys aren't allowed to fuck like who placed that restriction on them, what is your grading system to call someone bad and the other good ? Having sex !!, that's absurd, what about the goods guys that fucked liked Albert, and even made some quote about women and love, I don't even see any of those guys as good or bad cause most of their theories and inventions are been used to do some bad stuff, moreover this topic is trash and how you explained it even more worse than trash 🗑
You've touched on the main issue already. School is an environment designed to impact knowledge and understanding on the students in attendance, it is nothing much more than that. After the aspect of knowledge and understanding which is derived through formal education, any other aspect of schooling can be referred to as extracurricular activities. example of those activities or extension programmes as the case may be. these kinds of extension programmes are oftentimes voluntary, social and philanthropic and can be refered to as cultural activities such as games, competitions and other activities like art, bands, dramas and clubs, etc.

Sex is even out of it and unless a corrupt educational environment, sex can never be practiced in the school environment, not with kids, teenagers or adults. If you however talked about sex education, that's a different thing and that is usually a course in itself taught to students to create awareness against sexual abuses and so on.
7  Bitcoin / Bitcoin Discussion / Re: First Transaction on BitcoinMarket in 2010 on: January 28, 2024, 09:16:01 PM
Hi All,

I am doing some digging into early Bitcoin trading.

According to dwdollar, the first transaction on BitcoinMarket took place at noon (their time) on 17th March 2010.

https://bitcointalk.org/index.php?topic=20.msg748#msg748

Does anyone know if there is a record of how many Bitcoin this was for and at what price?

Thanks!

TS

For people like us that are new into the system, we find these kind of stories absolutely intriguing because it is like a journey of 1000 miles and This  further affirms to us, that Rome was not built in a day.

Today, Bitcoin is one special currency in the Worldwide web that people and users of internet across the world are celebrating. Because it is a new technology that have come to stay and as time goes on, we've gotten a lot of people coming into terms with this new, amazing, decentralized technology of currency.

You can make your transactions on Bitcoin without having any fear of favour or fear of authority. Therefore, the impartiality that comes with this technology through the open-source feature embedded in it is absolutely sterling. It is as though each and every one of us within the blockchain has our individual country over the transactions that are going on within the chain.

I have never thought that there's going to be opportunity like this in a time like this, and all I can say is that Bitcoin is a pace setter and a pathfinder in the world of money and currency. Much respect and accolades to Nakamoto Satoshi.
8  Other / Beginners & Help / Re: Please I need help. on: December 13, 2023, 06:16:19 AM
Good question OP, I would have faced the same situation as you if I did not have a background knowledge of HTML and CSS, and I believe it has helped me over my internet life to readily understand and walk through some easy tasks. This and other experiences have taught me the importance of learning and collecting new knowledge on a regular basis, no matter how small, because it provides exposure and understanding of new topics.

After that, I took my time crawling the beginners and help boards, as well as the Help navigation bars, from time to time to review what I had learned or to learn about new subjects.

I can now attach an image to text and post a text with link in the topic.

[img=200]https://i.postimg.cc/Dwng1fST/IMG-3060.jpg[/img]
See Sample Here
9  Economy / Economics / Re: Economists advise caution in trading in Bitcoin currency on: November 25, 2023, 04:27:30 AM
If you're familiar with economists' advice, you'll know that they always tell you to be strict with your finances and save your money so you don't have to spend it. Some of these economists would even advise you not to invest your money because they are afraid you will lose it particularly when they don't have much idea about the platform or when there are associated risks.

Nonetheless, these guys have forgotten the risk of being an investor, or, more broadly, of being a living person. They overlooked the notion that we must make difficult decisions in order to be able to freely make life-changing decisions.

My thoughts on this are, I may not be so accurate but, before investing in Bitcoin, it is most preferable for a person to analyse the market trend for that period and then look at what most effective approach to take, which might be dollar cost averaging in some circumstances, particularly if the person is a beginner. However, advising people not to trade or invest in Bitcoin because of the risks or volatility associated with it is not a good idea.
10  Bitcoin / Bitcoin Discussion / Re: What if the second Satoshi appears? on: November 05, 2023, 01:09:46 PM
Let's think a little. Do you still use your old Nokia from 1998? I guess not, although 2G is still supported by the GSM network.
If something better, faster, safer it's invented, it has the potential to replace Bitcoin.

But keep in mind that for this it also has to be at least as profitable to mine as Bitcoin is, else the miners will not change, hence the network safety (for the new coin/system) may not become safe enough.

Thank you for this reply. But the truth is that there are other Blockchain technologies that are likely to be faster than the Bitcoin technology and probably even more profitable to small investments, but unlike you say, that does not take a way the technology built by the founder of such invention as any other genius building a similar digital currency will have to tap those ideas from Satoshi's Bitcoin.

And I think that solution to such problems and issues have been created by Satoshi since you do not have to create a new technology outside of Bitcoin with the open source software that Bitcoin was built on. All you just need to do is to contribute to the already existing system through the open source and Bitcoin can be better by your contributions.
11  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 30, 2023, 06:26:12 PM

Of course trading is very complicated especially when the trader is a novice that doesn't understand what trading is all about, in most cases people seem to forget the risk associated on trading because they are overwhelmed by the profit they believe they will make if venturing into trading forgetting the risk.


I don't think trading is really that 'very' complicated like you mentioned, what I would say as a novice is, trading needs total submissive attention from you as a trader, particularly when you are still new into the trading platform. However, there are a number of things one will need to learn before jumping into trading. In as much as one is able to pass through that initial rigorous process of learning the intricacies of trading, it becomes more simplified.

Most novice and inexperienced traders prefer to always look for the shortest way into trading thereby creating room for missing gaps of knowledge which only makes them poor traders. Saying that trading is complicated may not be far from the truth, but for traders with interest who are ready to pass through the basic journey to becoming successful traders, it becomes simplified.

Quote
For an investor to have rest of mind is to avoid trading because in as much as trading may look so interesting in times of profits returns that's how the chances of losing is also there so the best is just to stick on investing on Bitcoin and hold instead of chasing Bitcoin price movement.


Exactly, and I can say that this also correlates more with your above paragraph which advices us to reduce our over ambitious character towards trading. As an investor new in the system, you can still attempt the DCA approach and use it to develop your experience with investing, the more. But always have a balanced judgment on the volatile nature of Bitcoin and make proper research before investing.
12  Bitcoin / Bitcoin Discussion / What's the Future of Bitcoin without the Inventor? on: October 11, 2023, 09:31:53 PM
I have been having some critical thinking lately on what the future of Bitcoin and the Blockchain technology will be. What will be the fate of Bitcoin should in case the founders of this great digital currency and assets die. It is not a wish but it is a known fact that all humans will taste the sad and irreplaceable part of this life – death.

Despite that the Bitcoin technology was designed in an open source software – a source code that everyone, including me and you, can inspect, modify and enhance. The effect of the founders could be felt if they are not available to in any way monitor the processes.

I don't have an in depth knowledge on how the open source software works, which has perhaps led me to more curiosity hence my question, yet I feel like Bitcoin still undergo some security guard and monitoring to safeguard it against the black-hats.

Can someone on this forum help me clarify (in simple terms) on some of the infrastructures or technologies put into the development of Bitcoin that can make it stand, forever?
13  Bitcoin / Bitcoin Discussion / Re: DCA method on: October 10, 2023, 12:02:10 AM
You have no excuse not to acquire Bitcoin, this is one of my most used word when
 discussing with my friends that have
 high interest in crypto, but don't have capital too buy.

Since I introduced the DCA method to them, it was a game changer too them,
 DCA is the best way for low income earners to acquire more Bitcoin.

I don't know if anyone else has different opinion about it?

With the little knowledge I possess over the DCA, I can confidently say that, it is the best thing ever to have happened to Bitcoin and Cryptocurrency. It is a simple similitude of SME (Small and Medium Enterprise) in the physical conventional world. With DCA, one can easily invest in the digital currencies and expect to get their returns in no long time. This is another option for those with High Blood Pressure and Hypertension when it comes to trading and investing. It will make a perfect choice for them. It is a life changer for me too.
14  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin devs really needs to focus more on making user interface easy to use on: October 03, 2023, 11:21:59 PM
Is either OP is talking about the Cryptocurrency technology as a whole or maybe Bitcoin Core as a software as well as other platforms he has used. I am a newbie here and i can say I have only basic knowledge of the Blockchain tech. Nonetheless, I don't think Bitcoin as a digital currency has a software or application of its own independently talk more of a user interface. OP can elaborate the topic to make us understand on the specific application he's referring to. Like saying, Binance, Etherium or other mobile apps and website.

In conclusion, It is okay to say that the various crypto applications should be more simplified fof user experience, particularly those users with little amount of mathematics. The first time I opened the Binance/Etherium application, I was overwhelmed by the graphs, charts and figures I saw, but the developers have been working perpetually to make it simplified.
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!