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May 26, 2024, 01:56:51 AM *
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1  Bitcoin / Bitcoin Discussion / Re: Do your parents invest in bitcoin ? on: Today at 12:23:02 AM
my parents are quite old, and leave all forms of business to me. So, in general, he does not invest in bitcoin. After all, I just want him to enjoy his old age with what he has worked for since he was young. However, he knows that I'm learning and invested in this, so the investment he's making is raising me and making me take care of this.

My father left us a couple of years back, and even when he was alive and with us, he didn't care much about what I was doing. He mostly used to think that I was playing games whenever I was on my computer or mobile. He later came to know that I was earning money online. I think he was happy for me but we know fathers don't usually express their emotions openly I used to sense that he realized it that I wasn't playing games any more after one point.

For my mother, it was enough for her to know that I was earning money online and I was not going somewhere out to work and this thing used to make her happy and satisfied. I don't live with her anymore because I'm in a different city, but whenever we talk on call, she always asks about what I'm doing and how is work and she is still happy that I'm not going anywhere for work.
2  Other / Beginners & Help / Re: How do you feel when you earn merits in your post or replies. on: May 25, 2024, 11:31:54 PM
Though there is that joy that comes from people when they see that they have gotten themselves merit. But that doesn't last for long because human being are insatiable. They must surely want to continue to get more. Merit mean many thing to different people. some people merit is like life which if they don't have on regular basis it will look like they are not adding any meaningful contribution to the forum. While some use merit as a form of fast Growth to rank up and find a better campaign. So merit has different functions.

Merits are basically appreciation that you get for the posts that you make in the forum, and to be honest, the amount of happiness also depends on the fact that the person who has given you merits. When you get merited from a well-known, reputable, and trusted member of the forum, you feel privileged and happy for them to appreciate you for what you have contributed, at least I feel that way, but I'm not sure about others.

When it comes to ranking up, I know it's a requirement because you can't have a higher rank if you don't get merits but that doesn't mean you should only focus on getting merits. If you know, things that you try really hard to get will give you a hard time, and it's always better that you do what you like doing and things will come to you naturally.
3  Bitcoin / Bitcoin Discussion / Re: Shops now accept BTC on: May 25, 2024, 06:42:40 PM
Bitcoin has been used to buy and sell goods since the past, look at the country of El Salvador. The country of El Salvador is using Bitcoin as its currency, and all buying and selling transactions are done through Bitcoin. You can never imagine the rate at which Bitcoin is spreading all over the world these days. Because in countries where Bitcoin is illegal they use it secretly, but I think Bitcoin is used all over the world either openly or secretly.

Well, you are right about people using Bitcoin secretly or not very openly in countries where Bitcoin is either illegal or has no law at all. In my country, we don't have any law regarding cryptocurrencies in general, but the banking sector doesn't allow transactions related to cryptocurrencies, and the government has given signals a couple of times about cryptocurrencies being bad or related to criminal activities, etc.

We do use Bitcoin and other cryptocurrencies but since financial institutions are against them and can block our accounts or confiscate our funds, we try our best to not let them know that any of our transactions are related to cryptocurrencies or we can get in trouble for it. Hopefully, we will see this getting better over time.
4  Bitcoin / Bitcoin Discussion / Re: Best Crypto Wallet on: May 25, 2024, 12:04:12 PM
Just from the title alone… I wanted to ask what possibly the best wallet to hold bitcoin in?

Before anyone says that it depends on what I need specifically then here is what I am here for. I can not decide which one really is the best based on the things I want. First of all I plan on holding some bitcoin (not huge amount) for a foreseeable future. However I also plan on swapping it for usdt from time to time aka when the price is getting high. I need a wallet that has low fees when swapping , preferably decentralized and in mobile and is secure.

Any recommendations?

I use Electrum wallet on both mobile and PC and it works pretty well if you are not planning to hold a lot of funds in it. It is safe and secure as long as you keep your devices away from phishing attacks, malware, and other such stuff that could get access to your device and then get into the wallet software that you are using.

When you are using online wallets either on your mobile phone or personal computer, you need to make sure that you don't download or install untrustworthy applications or anything, don't click unknown links, don't give access to your device to any app even if it's for a short period because these things can compromise the security of your device and funds.
5  Other / Beginners & Help / Re: A quick reminder to all beginners, the cloud is someone's else computer. on: May 22, 2024, 06:50:12 PM
Though they make it easier to manage all your cryptocurrencies since they have almost all the coins and tokens available, it is never recommended to use custodial wallets which means that even though they let you have a seed phrase for your wallet, you don't get your private keys for each wallet that you are using which means that if you lose access to your Trust Wallet account or if something goes wrong with the app itself, you won't be able to access your funds stored in any of the wallets you have been using such as your Trust Wallet Bitcoin wallet.

So it's better if people use non-custodial wallets for each cryptocurrency they own so that they can have access to their private keys so that they can import and use those wallets in any other wallet software in the future in case the wallet provider goes offline or something else happens or they just want to migrate to some other wallet software.
6  Bitcoin / Bitcoin Discussion / Re: No risk no gain on: May 22, 2024, 06:26:41 PM
I think that it's not wise to force or put too much pressure on people to invest in Bitcoin, you can tell them the benefits and let them decide what to do, because it's their money and Bitcoin is not the only investment option. You must've gained knowledge by now to understand that you don't need to have joint Bitcoin investment with anybody, you can start with a small amount of money by yourself, buy in Satoshi, and do DCA method to grow the amount. Bitcoin investment is a win for everybody that is prepared to hodl for long term.

I don't find it wise as well. You wouldn't want to take the blame for someone losing their money by making investments in cryptocurrencies whether it's Bitcoin or altcoins because they might not do enough research before investing and this can always be dangerous since investments without ample research often have negative consequences for the investors.

Besides, what do we get for forcing someone to invest in Bitcoin or cryptocurrencies? Except if we are referring to a centralized platform using our referral link where we might get a small percentage in commission for whatever money they invest, but I believe it's not worth it because you will be the person they will blame for every dollar lost and you will have a hard time explaining everything to them.
7  Bitcoin / Bitcoin Discussion / Re: Bitcoin is more than a currency or security, it's scarcity. on: May 22, 2024, 12:57:31 PM
People used to lose their Bitcoin when Bitcoin didn't have much value and they barely cared about their Bitcoin holdings. If you or I were from that time, we had either mined Bitcoin with our home CPU, claimed from free Bitcoin faucets, or bought then at an extremely low rate, we would also tend to care less about them, we would either sell them for whatever rate it had at that time or a later time when it got some value.

Things have changed now, Bitcoin is extremely valuable and every person understands this now. So the chances of someone losing their Bitcoin these days are extremely tiny because anyone who spends thousands of dollars to acquire a small part of it would take care of it very well and will make sure they have backed up their wallet and necessary information so that they don't lose access to it.
8  Local / Other languages/locations / Re: Pakistan on: May 22, 2024, 07:15:29 AM
السلام عليكم ورحمة الله وبركاته

kia hal ha dosto. Ab masroofiat ki waja se time kam melta ha tho es waja se yaha par mere activity kam ha. Umeed ha sab kheriat se honge. Ye mera aakhri Ilm ka saal ha jis ko dora Hadees shareef kehte ha. Es ma Sehahe Setha yani Ahadees ki mustanad kitabe pare aur smje jathe ha.

Ab btc ki price ma ache behtere aae ha. May ka last hotha aisa ha aksar aur june bullish hotha ha aur yahi waja ha k saare airdrops june ma aa rahe. Kuch big project jo denge wo ye ha

Blast: 26 June
Zksync: 13 June
Layer3: Probably June
Aur b big project aa rahe ha. Abe Blast ka airdrop live ha. saare sathe join kare. muje DM kare jis ko full details need hi. I think 200$ k sath 500$+ profit ho sakta ha aur 339$ k sath 1000$+
9  Other / Beginners & Help / Re: A known enemy can easily be defeated on: May 22, 2024, 05:43:10 AM
I am just wondering what they could possibly have in mind, I think they will track his transactions to know his worth. Or there is more? What do you think?

There can be two things, they will surely look the wallet for transactions and balance as a first thing, and then they will probably try to persuade the wallet owner to send them money or maybe the seed phrase so that they can recover his money. An experienced person wouldn't fall for this because they would know it's a scam, but you can't think the same for a newbie who might have lost some money earlier in a scam or something.

These scammers are pretty good at making you feel like they are your friend and well-wishers so that you believe whatever they say, this is the reason why they become successful in scamming newbies most of the time. The good thing is that your brother didn't hide this and followed their instructions and informed you about it.
10  Other / Beginners & Help / Re: How can i make some coins that wort something? ??? on: May 22, 2024, 01:11:37 AM
I am begginer with crypto , is there any possibility to earn something?

Why are you looking to start earning as a beginner instead of trying to learn more about the space as an initial step? Do you believe you can enter an industry, gain no knowledge about it at all, and magically start earning money in it? That isn't possible, and it is not only about cryptocurrencies but for every industry you go in. Knowledge is an essential that you need to have before you can start trying to earn money from something.

So, don't waste your time and possibly your money while trying to earn more money if you don't know much about cryptocurrencies and this market. I know that you must have heard people saying that you can earn money from cryptocurrencies but you didn't try to understand what cryptocurrencies are and how they work but you only noted the earning part.
11  Bitcoin / Bitcoin Discussion / Re: If this is doable what will you add or remove? on: May 21, 2024, 06:32:52 PM
Though I believe that Bitcoin is doing pretty well for itself despite all the hurdles and everything, however, if I were to add something to Bitcoin's network then I would probably go with increasing the block size so that a block could contain more transactions speeding up transactions because if a block could contain more txs, it will clear the mempool quickly and there will be no network congestion after that because network congestion causes a lot of issues for Bitcoin users and when it stays for long, it starts to make you annoyed after one point.

If we talk about removing one thing from it, then as said by some other members as well, I would remove ordinals and other stuff that make Bitcoin's network congested from time to time and that makes people making transactions in Bitcoin on a daily basis have a hard time because not everyone can pay a lot of money in fees.
12  Bitcoin / Bitcoin Discussion / Re: Fixed supply doesn't matter (change my mind) on: May 21, 2024, 04:05:50 PM
Bitcoin's price is not backed up by tether no USD or anything, we just use it for our reference to find it's value.

To answer your question if tether prints money unlimited then they need to prove they got reserves or it is going to burst so which will goes to zero while bitcoin will still be valuable as long as it got it's demand.

That's right. Bitcoin's price is not dependent on any other currency or commodity but it has its value and it is determined based on how in-demand it is, it is just valued against different currencies and it isn't dependent on them, so those currencies losing value or bursting won't affect Bitcoin to a large extent, however, if USDT bursts and loses its peg, there will be chaos in the market and that might make the price drop a little bit, but as time goes, it will recover again.

We have seen such incidents from the past affecting the whole market, last time when Terra Labs' algorithmic stablecoin, UST, lost its peg, it extended the bear run and the prices went way down than what was expected. So it is surely going to show some affect but it would only be temporary.
13  Bitcoin / Bitcoin Discussion / Re: Bitcoin Will always Survive on: May 21, 2024, 12:25:12 PM
Lots of people trying to stain up the reputation of bitcoin since they are trying to defame it to promote what they think that can give them more benefit but bitcoin prove them wrong for so many times that all of those negative claims by haters and person who doubt is totally nonsense at all that's why its better to ignore any negative thoughts which is not helping us since they are just a total disturbance which gives us stress. How many times we read about bitcoin is dead in this forum but those words has been many times been shut off especially when we see bitcoin is having another big rallies especially when there's a halving event came or there's good news like adoptions will came.

When I hear about these things, I remember the time when mainstream media was completely against Bitcoin and they were always doing their best to try and show Bitcoin in a negative light, calling it a scam coin, a currency used by criminals to fund their crimes, a bubble, and a lot of different things only to make people think that Bitcoin is something very bad, and to be honest, the mainstream media is still not very much in its favor and you will often find them saying negative things about it.

However, none of their tactics worked backed then and the same will happen to those who are trying to say negative things and spread negativity about Bitcoin, it won't affect the popularity or adoption level of Bitcoin but they will only regret doing this in the future instead of becoming a part of it.
14  Bitcoin / Bitcoin Discussion / Re: Why use decentralized bitcoin in a centralized way? on: May 21, 2024, 11:05:03 AM
There is no specific group you need to join or pay any money to use Bitcoin in a decentralized manner, all you need to do is find the right wallet and use that to hold and use your Bitcoin. The wallet should be a non-custodial one such as Electrum so that you can be the only one having access to your funds and there are no third parties involved. If you want more security for your coins, you should go for a hardware wallet because they tend to be safer than online wallets.

Choosing custodial wallets or centralized exchange platforms to keep your funds is a choice that some people make. They either don't know how to use a non-custodial wallet or they trust those wallets and exchanges too much that they feel completely safe when their coins or assets are stored with them, however, it isn't considered to be very safe for several reasons including hacks and exploits.
15  Other / Beginners & Help / Re: Seeing is no longer believing on: May 20, 2024, 06:46:01 PM
This is threatening for all of us. This shows that we need to make the security of whatever we have tighter and we need to stay away from every single person that we don't know who are approaching us through the internet, and even if they are impersonating someone we know, we need to make sure that we are verifying that it is actually them before we share any information, and we should never exchange finances with anyone online that we are not 100% sure is someone we know.

Scammers are getting very smart, and this is a classic example of that. I can't imagine someone tricking me into sending them so much money like this, using an AI-generated video and a voiceover, they are gone too far, and we need to become more aware from now on.
16  Bitcoin / Bitcoin Discussion / Re: Do you trust bitcoin holders? on: May 20, 2024, 06:26:51 PM
I wouldn’t necessarily say hate as well. I mean, if really we hate the bank then we would entire stop visiting them, but that’s ironic because you are using the fiat that comes through them anyways. So I’d rather say it’s more of being smarter than the bank and government would expect you to be. They want to have your records, but you know to use cryptocurrency, when you need to use fiat, you go through that route. And if you have the chance you’d rather use cryptocurrency for all payments and transactions. Also, Bitcoin wasn’t created to eradicate the banking system.

You are right, it's all about smart work, even if one hates the traditional financial system, one doesn't need to show that to them and act as if he is completely okay with them and their services because as you said, we still need them because you can't use Bitcoin or cryptocurrencies in every place and eventually you will need to go to them to get cash so that you can run the expenses you have, so we actually need them.

It is just that we can reduce our usages with them and give them less access to our funds because we can keep most of them in cryptocurrencies now, and they wouldn't even know about it. So those who are against the banking system, they should do things smartly so that they can use both channels simultaneously.
17  Bitcoin / Bitcoin Discussion / Re: Would you advise a friend in the same way? on: May 20, 2024, 06:14:06 PM
Of course OP has good intentions, in this economic climate for me is crazy the idea of not buying some bitcoins but at the same time is a difficult suggestion because we don't know how the other person could react when there is a dump. Money is no joke, especially being someone's savings, or even worse, a company's savings.

It's barely about your intentions because a person would barely think about what your intention was if they had to suffer because of what you have suggested to them, so if a person suggests an investment to a friend with good intentions but the investment doesn't work out for the friend and he loses money, he would blame the friend for his suggestion and wouldn't say that it is okay, at least your intention wasn't bad. These things barely happen.

This is why I, personally, stay away from such things because I know how embarrassing it can become for me to face that friend if he loses money because of my suggestion even if he doesn't say anything. It is better that I leave him with what he is doing and do what I'm doing and stay away from such stress.
18  Bitcoin / Bitcoin Discussion / Re: End Goal or Keep HODLing? on: May 19, 2024, 05:42:42 PM
I think depending on how much he or she has invested in bitcoin in order to see a real difference between the amount invested and amount returned. If you are someone who had invested huge, you can probably see huge returns immediately meanwhile if you only invested a few then you can not see much difference after only a while so you may have to wait and hold for more until you see some really significant returns.

When we talk about the amount invested and the amount returned, we need to take into account the percentage of the return instead of its value because if someone is investing $1,000 and getting 10% in return and someone investing $100 and getting the same percentage in returns would essentially have the same return percentage but the value of their returns will be different but the impact will be the same.

$100 for someone who can easily afford to invest $1,000 has the same value as the $10 that the person who invested $100 earned. So it's never about the amount but it's about affordability and level of satisfaction. I know someone who invests more earns more, but someone investing less might also be earning a lot based on their income or financial capabilities.
19  Bitcoin / Bitcoin Discussion / Re: No risk no gain on: May 19, 2024, 05:26:49 PM
When someone invests of course they will always be faced with risks and they must be able to understand well the investments they make in order to minimize the risks they will face in the investments they make, when we can learn from our previous failures of course this will give us good experience so that you don't repeat the same mistakes when you try again, in investing of course we have to have good planning so that we can get results in accordance with the targets we have set, because without good planning it will certainly be very difficult to carry out investments well.

One needs to have good enough knowledge to be able to minimize the risks attached to an investment because you can't have a good plan if you don't have enough knowledge, and you can only have enough knowledge if you spend enough time learning about the things you are going to get involved in.

Most people make this mistake when they are entering the cryptocurrency market, they are in a rush to make investments and start earning money and in this rush, they forget the most important thing which is to gain knowledge before they get started, and this makes them have a hard time.

If you gain enough knowledge beforehand, you won't face difficulties when you start making investments or trades.
20  Other / Beginners & Help / Re: Imagine owning a Bitcoin note. on: May 18, 2024, 12:30:30 PM
How will Bitcoin be decentralized if it's going to be available in printed versions as well? Digital currencies, especially cryptocurrencies, can't have paper notes, one might become creative, make a paper note by using their graphics designing skills, and then get it printed, but it wouldn't have value because it wouldn't be identified as a currency or anything, it will only be a paper with no worth.

For a currency to be available in paper notes and be accepted, it needs to be a legal tender and besides, the government will need to be in charge of the currencies being printed and used. How do you think it will work with Bitcoin because they are spread all around? The government can't print and use extra notes for Bitcoins that aren't owned by them.
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