[When I realized? And why? Let's describe it shortly.]

Everyone knows how Bitcoin is a decentralized cryptocurrency and gives us financial freedom. I am wondering how did you realize that in real life that Bitcoin gave us financial freedom? This isn't a question, this is curiosity.

When I realized? And why? Let's describe it shortly.
A few days back I went to the bank to withdraw my deposit. That amount wasn't much big though, but the bank just asked me many questions. And surprisingly all were fucking questions. They asked me why do I need to withdraw and where will I spend. This happened first time with me since I was abroad for a long time. Then I realize how Bitcoin gave us financial freedom. No one is there asking me the question to spend my fund. How fucking centralized banking system even you have to encounter many questions during withdrawal your funds. They are asking questions like I am beger. This was my real file realization of how Bitcoin gives us financial freedom.

What about it, when did you realize in real life Bitcoin is giving us financial freedom?

For the last few days, I am receiving mail with some downloadable files. Surprisingly although that kind of mail should consider as spam, the mail entering in my inbox. I know this is a hacking attempt from the leaked database.  But receiving regularly is quite annoying. I have reported it as spam so hope I will not receive it in my inbox anymore from the same address.

Here is the example:



The filename will always be like " Elon Giveaway, Free Bitcoin". So guys just be careful downloading such files from the mail. Don't be greedy and give your device control to the hackers.

Are you receiving such as mail?

Just found a few cryptocurrency abbreviations in a Telegram channel. Wondering to share it with the community. So don't think I am promoting the Telegram channel (LOL). I don't know who is managing this channel and how were I added. But staying there for getting cryptocurrency news updates. So, do not join there, I am just using the quote to avoid plagiarism.

#Learning #CryptoHeights
■Accumulation: Buying an asset to acquire a sizable position
■Air drop: Paying crypto holders a free token based on the balance held in their wallet
■Altcoin: Alternative cryptocurrency that’s not bitcoin
■BTFD: Buy the f%$k’n dip
■BagHolder: Someone left holding an asset after the price crashed
■BearGrind: A slow choppy sell-off with very weak bounces
■BearTrend: Downwards price movement creating a series of lower highs
■BlackSwam: A random bearish news event
■Bots: trading algorithms
■Bounce play: When the price bounces up quickly after a dump
■Breakdown: Price dropping below support
■Breakout: Price moving up past resistance
■Bull trend: Upwards price movement creating a series of higher lows
■Buy wall: A large bid on the order book
■Buying pressure: Buying momentum building to push prices higher
■Capitulation: The final point in the market when the last bagholders sell their positions before a reversal
■Catching falling knives: the act of dip buying when the markets are on a down trend
■Channel: A diagonal trading range between support and resistance
■Chop: Directionless price movement that lacks momentum
■Coin: a crypto asset used to secure a blockchain by rewarding miners
■Consolidation: A period of stability and sideways price action
■Continuation pattern: A technical pattern that often means continued movement along a price trend
■Contrarian: Going against the herd
■Crypto: short for cryptography or cryptocurrency
■Delegated proof-of-stake: a form of mining that consists of coin holders electing delegates to secure the blockchain
■Dumb money: Over emotional traders or investors
■Dump: A sharp downwards price movement
■ERC20: A standard for creating ETH based tokens
■FOMO: Fear of missing out
■FUD: Fear uncertainty and doubt
■Fakeout: Price pretending to break support or resistance
■Flash crash: A large price dump that quickly bounces
■Hard fork: A blockchain upgrade that’s not compatible with older versions of the software
■ Honey Badger: A term used to describe bitcoin’s resilience
■ICO: initial coin offering, when tokens are sold in a crowdsale
■Insta-mine: A coin launching with very small difficulty so the developers can get a large portion of the supply for cheap, while trying to hide it’s a pre-mine.
■JOMO: Joy of missing out
■Leverage: increasing ones order size by borrowing coins
■Liquidation: when a market moves against a leveraged trader and they lose their entire position
■Long: Buying an asset
■Miners: people who run computers to secure transactions on a blockchain
■Momentum: Price movement
■Network split: when a blockchain splits into two separate blockchains as a result of hard forks
■Parabolic: when the markets shoot up very fast, usually before a dump and reversal
■Pre-mine: A launched coin where the developers start by keeping a % of the supply for themselves
■Price discovery: Buyers and sellers in the open market trading to establish a price
■Proof-of-stake: a form of mining that consists of holding a coin in a wallet
■Proof-of-work: a form of mining that consumes computational power and electricity
■Pump and dump: when traders push the price up high and immediately sell to crash the price
■Pump: when the price rises fast
■Resistance: A price area where sellers step in to push the price down
■Reversal: A change in price direction
■Salty Pleb: Used to describe jealous people who don’t own bitcoin
■Sell wall: A large ask on the order book
■Selling pressure: Selling momentum building to push prices lower
■Shitcoin: a term used by traders to describe altcoins as way to symbolize non-attachment
■Short squeeze: closing out shorts due to a break of resistance and stops being triggered
■Short: Borrowing an asset to sell on the markets
■Soft fork: An blockchain upgrade that’s backwards compatible with older versions of the software
■Spoofing: When traders flash fake buy or sell walls
■Spoofy the bear whale: A mythical creature that traders use to blame for their bad trades
■Stop order hunting: When traders push the price to trigger stop orders
■Support: A price area where buyers step in to hold the price up
■TA: Technical Analysis, which is the measuring of price on the charts to determine probabilities
■Token: a crypto asset created on top of another blockchain
■Trendline: A line that measures at least three points of contact on a bull/bear trend
■*Whale*: A trader or investor who owns a significant size of an asset.

Hope it will help to learn a few abbreviation related cryptocurrency..

User: ashwin171 has open a currency exchange thread , (archived). When he made the post, it drew my attention due to the very good exchange rate (10% extra BTC for PayPal) and the user even ready to charge back. So the thread was quite suspicious.

My suspension become true when I noticed OP has been trying to bump the thread with alt accounts. These accounts leave positive comments for OP. However, anyone could leave a positive reply if they have traded with alt. It doesn't matter. But just see the activity of these two users.

1. Chebur80, last post he made on August 15, 2019. So after more than 2 years, he woke up just to leave positive feedback and reply in the exchange thread.

2. jessdeclercq, the last post he made on August 12, 2020. He woke up after more than a year just to leave positive feedback and reply to OP.

Both users left positive feedback to OP,




I believe the users mentioned above trying to scam forum users. As a reference, he used a Paxful account. Though the username is similar to his forum username, I don't believe the Paxful account belongs to him.

However, eventually, I try to contact the person in telegram, then he refused to use any kind of escrow service from the forum. Even he doesn't trust me, it does not matter he doesn't trust me but suddenly he clear all the chat history of the telegram. I am not getting what is the problem if he is trusted on the other platform why he can't trust in the forum escrow. So most probably I think he is just attempting to scam users.


Flag type -1 : https://bitcointalk.org/index.php?action=trust;flag=2848

[1]

It's taken a few days to write this post. I just make a note and maintain it for a few days, whenever found the issue just note it together. So here is a few common questions that we see often on the forum. Hope this thread will help to get an answer to common frequently asked questions.


1. Someone on social media or a website offer me to double my cryptocurrency within a day or month. Should I invest there?

    Answer: No, there are no such money-making machines that would double your funds, either online or in real life. Sending funds to them mean you lost it forever.

2. A website or a person giving away free cryptocurrency, they are asking to send a small amount of crypto to a confirmed receiving address. Should I send the fund?

    Answer: No. This is totally a scam. If someone wants to give you free then it should be free without sending funds. Keep in mind, nothing is free in the world.

 3. After the scam the agency recovered my funds and they are asking me to send 10% of the recovered fund to unlock or release my funds. Should I trust them?

    Answer: No, you are going to being a scam once again if you trust them. Cryptocurrency is irreversible, it's impossible to recover through an agency.

4. A cryptocurrency platform asking to deposit to withdraw my bonuses. Should I deposit there?

    Answer: Keep in mind, any legit cryptocurrency platform will never ask to make deposits to withdraw your bonuses. It's just a pure scam.

5. A trusted user of the forum contact me via telegram or any other social media to make a deal. Should I trust the user?

    Answer: Obviously not. Ask him to send you a PM through the forum and verify with him if you are talking with the real person. Ask him in detail through forum PM. Use the escrow service of the forum for any deal or trade.

6. A website asking to input my seed phrase or private keys to get the free giveaway or bonuses. Should I input that?

    Answer: No. Don't share your wallet credentials with any third party. Inputting your seed or private key means you lost your funds forever.

7. A cloud mining website offers a high return on buying a mining plan. Can I trust a cloud mining site?

    Answer: No. You shouldn't trust cloud mining sites. All cloud mining sites are scams nowadays. It's just a Ponzi scheme. Buying a cloud mining plan means lost your fund forever.

8. One of my friends got a return from a Ponzi Scheme site or from a high return offering site. Since the site is paying should I invest as well.

    Answer: Don't do this. Most likely your friend is lucky that's why he got to return his funds. You wouldn't be lucky enough like your friend and most likely you will lose funds. Because often Ponzi Scheme circulates money from new investors to earlier investors.

9. I received mail (spam mail) to get free Bitcoin. It does require click a link or download an app. Should I do it?

    Answer: No. Don't click on the link or download the apps. Because most likely attackers got your mail from a leaked database and they targeted you to hack your device. You might be lost everything if you attempt to click the link or download the apps. Just delete the mail or message. You might receive such a message on other social platforms as well. So don't respond to that kind of message and report them.

10. Someone posting on the forum about an investment platform where we can multiply our funds within ours or day. Should I take advantage of it?

    Answer: No and never. Posting on the forum means nothing, it will not change the fact. Just avoid this kind of post and report it to the scam accusation board.

11. I want to start a lending business on the forum. Should I lend funds without collateral?

    Answer: No. If the borrower isn't high trusted on the forum, shouldn't lend funds without collateral. Otherwise, there is the risk of losing funds.

12. After posting a crypto-related problem on the forum got a few PMs from other users, they want to help me with my issue and they are asking for credentials related to the issue. Should I trust them?

    Answer: Don't share your personal credentials with anyone. Ask them to help you publicly. Most probably scammers target you to scam. Just report to admin from the PM. And share with the community. The community would suggest to you who is the right person to help.

I will update the thread in near future if fund more questions & answers.

Website:

Code:

www.alpha-incomes.com

Archived: https://archive.is/VezTh
What happened: So-called cloud mining Ponzi Scheme.

As we already know all high return cloud mining is just a scam. Today I discovered this site called Alpha Incomes offering a high return on investment by purchasing a mining plan. I am wondering even a real miner can't earn this high amount within a day. They are offering 12% per day which is ridiculous.




Anyway, guys stay away from this kind of scam. Don't believe in cloud mining.

For newbies,
As the title said, and already discussed many times on the forum how to prevent scams. Here is two strong policy that would prevent you being a scam.

1. Nothing is free in the world, so don't expect anything for free.

2. There is no such money-making machine that would multiply your assets within a day or month.

Hope you all get the point of what I want to say. Just keep in mind that two policies would save you from a lot of scams.

We often notice rich people become rich day by day. It's no different for Bitcoin as well. Because we can see the most benefited person from Bitcoin is big investors, mean definitely they are rich. If you agree with me then why do you think most big investors are gainers and why most small investors can't gain.

For me, I think financial stability works behind our success in life. So same goes for Bitcoin investors as well. The rich person could invest for a long time. He doesn't have problems even he doesn't sell his holding even during very bear markets. A financially stable person even could hold 10 years. But like us who are small investors, we aren't stabled financially. As a result, we don't when we have to sell our holding for need. That's how we become losers even we intend to hold for a long time. I am a real example of that recently.

Do you think financial stability is mandatory to be a gainer in Bitcoin investments?

As the title says, please share your costly lesson about cryptocurrency. So others users could take a lesson from your story and they would get the advantage of it without losing anything.

When we learn a lesson, most of the time we lose something. And there are a few losing stories where we lost a lot and that's the reason why I consider this kind of lesson ad a costly lesson. I had shared previously my story, I will just remind it shortly.

In 2017 I had almost 1.5BTC and I hadn't sold even Bitcoin was around $19K above. So we know the Bitcoin dump story. Since Bitcoin was dumped too much I wondered to increase portfolio by trading or holding alts. So I just choose a few shitcoin. Some of them were delisted from the exchange, so I moved all-in single shitcoin. Sadly that's shitcoin is totally useless. Perhaps it's worth $1K in the current market. So it was a costly lesson for me. Don't choose a shitcoin for investing purposes. Just invest in Bitcoin and hold it. You will never regret it at all.

What is your costly lesson?

I am not sure if you are familiar with "Mobile Financial Services" (MFS). But seems in many countries MFS has become most popular. I know it's centralized and shouldn't compare with Bitcoin anyway. As far as I know, a few MFS have been using Blockchain technology to manage their services. And most probably once a day we will discover a worldwide MFS service although it's limited now nationwide. I am just wondering is MFS keeping any roles to prevent Bitcoin growth. I know overall Bitcoin growth is healthy now. But do you believe it would more healthy if there weren't MFS? Although it's centralized but very easy to use everywhere. All the merchants accept it, so you don't need to carry any physical money at all. What do you think?

As the title says, does it happen with you as well? Or just it has been happening with me? Not most of the time, but every time it has been happening with me. Although I sold my holding in profits somehow after sold it start to pump more and more. It's not happening with altcoin only. It's happening also in the Bitcoin trade. I do not regret but it's somehow surprising to me. Either I don't have enough patience or I don't have enough experience.

Does it happen with you? Or just it's happening with me?

I think every one of us knows about the trading signal group. But are we aware of the trap of signal groups? How do they scam us? Although they aren't scamming you directly like a Ponzi scheme. But self-consciously we are handover our funds to them. Let's explain it shortly.

First of all, each paid signals group has a free signal group where they will share a few free signals and post a few news updates. Most paid signals channels are just a group of candidates. Before they share a free signal on the free signal group they post it in the paid signal group. As a result, the signaled coin pump for a few minutes. Once they share that signal in the free group the free subscriber thinks they could gain if they join in paid signal groups. Actually due to sharing the same signal in many paid groups a coin pump for a few minutes since they are a group of candidates. That's how signal providers always motivate their free subscribers to buy paid signals. But eventually, the signal buyer realizes that they just scammed.

So guys don't fall into the trading signal trap. I would like just to encourage you to get updates from their free signal groups. Don't trade just based on their signals. I know a few signals sometimes gain, but you wouldn't be lucky enough to enter at the right time. Don't lose your fund with the signal trap.

As title says,

I have tried to find and verify this news from other source, but still I am not getting anything. Do you guys know about this tweet and news? Found this tweet from Documenting Bitcoin 📄.

Tweet link: https://mobile.twitter.com/DocumentingBTC/status/1422588737008115712

This isn't a scam accusation, but this is an immediate red warning for cryptocurrency users. I received spam mail from noreply@vdab.be with the title "Monica wants to send you 0.001 BTC". I have received 2 similar mail from the same email with a different link. Links are below, I don't bother to click there, and please don't try to check by clicking these links.

Code:

https://sendyoubit.tumblr.com/?8wsB

Code:

https://donateyou.tumblr.com/?bxd4

I am pretty sure both addresses included malware that would hack your device. I can't see any reason why they would like to send BTC to me. I am not familiar with them nor with their links. And I am not too greedy for their BTC offer. Please guys don't be greedy and don't click the links in case you receive such as spam mail.

[A wrong (Altcoin) selection would destroy your dream.]

Just came to my mind and wonder to share with the community especially for newbies.

A wrong (Altcoin) selection would destroy your dream.
You may order how? I will share my experience then you would realize the concept. I can't recall the exact date but most probably it's the beginning of 2018 when Bitcoin started dumping. I was a newbie in trading and holding. Somehow it's come to mind since I am not a good trader I should hold the coin for a long time. So that I can multiply my (Bitcoin) portfolio. I did the same as what was in my mind. Rather than holding Bitcoin, I moved to altcoin. I select two altcoins for investment and holding. And almost 1.5 BTC has invested. It was my first mistake.

However, a few days it was good for me. But when happen massive Bitcoin dump all altcoin start dumping. The dumping speed was more than Bitcoin. So I didn't bother to sell due to the huge dump. It was my second mistake what I realize now. Then suddenly Exchange announced delist for one of my holds altcoin. Means I lost too much here. Then I sold that shitcoin and add a few more QTY to my other holding. That was my 3rd mistake. As a result that shitcoin value is less than $1K. I don't bother to sell this shitcoin still now, just leave it as it is.

So my wrong (Altcoin) selection lead me to break my dreams. If I were just left Bitcoin rather than move into altcoin then I should be in a good position today. Now 1.5 BTC is worth too much especially when it was above $60K.

I hope newbies can take a lesson from this story. It's not just a story, it's giving me pain sometimes when remembering it. So when you think something similar, please select the best altcoin otherwise just stick with Bitcoin. Research the market as much as possible you can during the selection of altcoin investments. And don't repeat the previous mistakes that I have done.

Best of luck to all of you guys.

As the title says, I feel my merit allocation is too low although I don't know the exact allocation for me. It's because most of the days in a month I am seeing this message during sending merits.

You are a merit source. The next 0 merit you spend will come from your source rather than your sMerit balance

I am a person who loves spreading merits even when I wasn't a merit source. It's been a long time I become a merit source and still not yet request to increase allocation.

Hope you will reconsider reallocate my source merit.

Thanks.

As the title says, Binance decreased withdrawal limits for basic verified users.

Here are the article: Updates to Daily Withdrawal Limits

Those users who have big funds in basic verified accounts should withdraw their funds before 2021-08-04 00:00 AM (UTC).  Because after that withdrawal limits will be 0.06BTC.

I post it here because most newbies likely do not visit the Exchange section.

The thread is to notify I have been changed my username from "Coolcryptovator" to "COOLCRYPTOVATOR" by requesting theymos. There is reason why I changed old username. I don't want to loss my previous username, so just turned my old username to CAPITAL letter. I am confirming that from my Bitcoin address as well, here is my old singed message. Thanks theymos

Here is new sign message;
-----BEGIN BITCOIN SIGNED MESSAGE-----
I am Coolcryptovator, I changed my username from "Coolcryptovator" to "COOLCRYPTOVATOR" and it has been done by theymos. So my current username is COOLCRYPTOVATOR and UID same as before (1980983). Today 19-July-2021.
-----BEGIN SIGNATURE-----
114pNiQHqBRSD8AbP1hVyn5hYQGaBMfXYW
H1JVwgCXIUa7X9SahipULSanWR2mejHoGWUjGoQ2UMm4dE/gf0PVTEInVuFkR8dW1kwK2ZmUH+xfOk3vTMpX6I0=
-----END BITCOIN SIGNED MESSAGE-----
Verified

As the title says, here you will find more details about the news "Microsoft Is Using Bitcoin to Help Build a Decentralized Internet . Found this news in a Telegram channel. But this news site is new to me, so I am not sure how potential this news is since I have searched in Cointelegraph channels but missing it there. In the news seems Microsoft using Bitcoin blockchain in the ION project for the record of Bitcoin transaction. I am not getting the whole concept of how it would help Bitcoin adaption. Let's express your opinion.

I have tried to find a similar topic and wondering how this news was missed in the forum. 650 US banks will open Bitcoin purchases, I think it's not a small adaption if it happens really. Most probably that service will be provided by NCR banks, users will be able to purchase Bitcoin through NCR’s 800,000 ATMs as well. But surprisingly I notice Bitcoin's price drop after this news (Lol). However, I think this step will make it easier to trade Bitcoin for US citizens.

Please read the news source for more details: $6 Billion NCR Opens Bitcoin Purchases To 650 Banks And Credit Unions