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Visualized: Bitcoin Returns vs. Major Asset ClassesThe graphics from the article clearly shows this fact. It's very impressive that Bitcoin is a best investment asset in most of last 11 years from 2013 to 2023, it appears on the top in 8 years. With 3 years it does not appear on top of the list, we can see these years are bearish years for Bitcoin market. The yearly candles chart show these three years in red as visually bearish years. How is the 21 million bitcoin cap defined and enforced can help new Bitcoin investors to understand about Bitcoin total supply, new supply in future till 2104, and have more proper investment strategy from purchase to take profit.
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The website is https://milkroad.com/ethereum/gas/It has some helpful information like cost to make a transaction on Ethereum blockchain for different purposes like swap, borrowing, NFT sale, and bridging. Depends on smart contract, transaction fee will be different with same gas. It has a very helpful table with day in a week, hours in a day, and you can see what days in a week, hours in a day, can possibly give you better gas (lower gas) to have cheaper transaction fee. I only disagree with the website and owner, that it uses Estimated Ethereum Transaction Prices. Prices should be replaced with Fees because the official document from Ethereum project uses Gas and fees
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I knew about this risk but forgot to create a topic to warn newbies. Today I replied in a thread about Bitget wallet and remembered about that risk, this time I don't forget to create a warning thread for newbies. If you want to join airdrop, create a new wallet. Move your funds from your current wallet to a new wallet, with value you want to join airdrop and on chain interactions. Don't (never) import wallet mnemonic seed from your current wallet like Metamask wallet to a new web wallet like Bitget, Phantom, OKX. Some wallets have that import feature for you BUT NEVER choose Import. If a new web wallet is bad, has back door, you can lose your money. It does not take many time to create a new wallet with a new mnemonic seed. Don't be lazy and take big risk. Read wallet reviews there https://walletscrutiny.com
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A chart means more than any word or long paragraph so let's firstly dive into above chart which was graphed by Jameson Lopp. He made it with input data from Bitcoin Obituaries. This summary chart presents a fact that less people wanted to call "Bitcoin is dead" with time. It is an unofficial recognition for survival of Bitcoin. There is another website for "Bitcoin is dead" chart is Buybitcoinworldwide.com but the team behind it stopped updating the chart recent months.
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There are smart people, groups, entities that are smart. They saw potential of Bitcoin and decided to accumulate Bitcoin a long time ago. They have accumulated a lot of bitcoins and owned a lot of bitcoins. You can follow them to buy bitcoins and a good way to do this is Dollar Cost Averaging. Before consider DCA and apply it, let's discover big Bitcoin investors.   Above are graphics and you can get details with two websites for Bitcoin Treasuries https://bitcointreasuries.net/https://buybitcoinworldwide.com/treasuries/Before following them, you must have knowledge to build up your belief in Bitcoin and start investing with DCA. I introduce to you a good one to read. The bullish case for Bitcoinhttps://dcabtc.com/https://costavg.com/Use those websites to estimate results of your DCA.
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INDEX What is Taproot?Taproot is a softfork that makes Bitcoin transactions more private, scalable and opens to smart contract functionality. With Taproot (P2TR) transaction, you will save more transaction fee as size of transaction will be smaller. Transaction fee saving can be like this - With Legacy address (1): most expensive
- With Nested Segwit address (3): medium saving
- With Native Segwit address (bc1q): most saving
- With Taproot address (bc1p): most saving
How do I know a Bitcoin address is a Taproot address?Bitcoin Taproot address (bech32m) starts with bc1p. It is a little different than Native Segwit address (bech32) that begins with bc1q. Remember the minor difference with p for Taproot and q for Segwit. Other address types - Legacy (P2PKH): starts with a 1.
- Nested SegWit (P2SH): starts with a 3.
- Native SegWit (P2WPKH): starts with bc1q.
- Taproot (P2TR): starts with bc1p.
Short Bitcoin Taproot explainerWallets that support TaprootCheck in Bech32 adoptionSoftware walletsHardware walletsWeb walletsExchangesPayment processorsBlock explorers, Mining pools, please get details in Bech32 adoptionCreate Taproot address for your BitcoinThere are some non-custodial wallets that support Taproot. Receive or send your Bitcoin with Taproot address- Receiving: you can use any Bitcoin address type to receive Bitcoin from any other Bitcoin address type.
- Sending: it depends on your wallet software, exchange, platform. If they support to send Bitcoin to Native Segwit (Bech32, start with bc1q) or Taproot (Bech32m, start with bc1p), you will be able to send your Bitcoin to these address types. If they don't support it, you can not make such sending. Their softwares will reject your withdrawal request.
Check Bech32 adoption with chartstxstat from BitMEXBitMEX has built a site for Bitcoin statistics. They have charts for Bech32 statistics (general, bech32 includes bech32m) and Taproot statistics Number of P2TR inputs and outputs per day from transactionfee.info Reference
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Two years in forum and I have my life of consequence here. Briefly note on my contributions BitcoinAltcoins
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INDEX Bitcoin CoreBitcoin Core: https://bitcoincore.org/en/download/Download, verify the wallet, install it. Create a new wallet Default, the wallet will give you Bech32 receiving address. If you want to create your Taproot receiving address (Bech32m), you must click on Receive tab. In the third box for address type in Amount row, click on it to get a drop-down list, including the Bech32m (Taproot). Choose this option, and click on "Create a new receiving address" Congratulations, you have a Bech32m (Taproot receiving address). Command lineCredit to darkv0rt3xbitcoin-cli -named getnewaddress label=generic-p2tr address_type=bech32m
Bitcoin KnotsIt is a combined Bitcoin node and wallet and a modified version of Bitcoin Core. Credit to SFR10 with his informationDownload: https://bitcoinknots.org/#downloadVerify it (you should) Click on Receive tab, choose Taproot (Bech32m), Request payment You will get a Taproot wallet starts with bc1p Sparrow walletSparrow wallet: https://sparrowwallet.com/download/Download, install it Choose server type to connect your wallet to. Create your wallet. You can choose Single Signature or Multi Signature in Policy Type. In Script Type, click on a drop-down list and choose Taproot (P2TR) Then choose (at bottom), one of options: Connected Hardware Wallet; Airgapped Hardware Wallet; New or Imported Software Wallet; xPub/ Watch only Wallet. I choose New or Imported Software Wallet. Continue with one of three options: Mnemonic Words (BIP39); Electrum; Master Private Key (BIP32). I choose Mnemonic Words and choose Use 12 words (You can choose 12, 15, 18, 21 or 24 words). Continue to set up your wallet. Make sure you back up mnemonic words, password, derivation path. In the end, you will get a Taproot receiving address that starts with bc1 Nunchuk wallet Desktop and AndroidCredit to SFR10 with this post and that postDownload: https://nunchuk.io/Desktop- Add new wallet > Click the dropdown menu for "Advanced: Address Type" and choose Taproot > Key Setup
 - Add a New Key > HW key/SW key > Write down your seed phrases > Confirm your Seed > Name your key > Set a passphrase > Run health check > Confirm & close
 - While your key is selected, click "Assign to wallet", then increase the number for "Required signers" > Click "Next: Review Wallet"
 - Review everything, then click "Create Wallet" > Save "wallet configuration file [BSMS file]"

 AndroidTrezor Suite:Credit to Husna QA with this postv21.12.2 and above.- In "Accounts", click the "+" sign on "My accounts" to create a "New account".  - In the "Select coin" option, select Bitcoin and at the "Account type", select "Taproot BIP86, P2TR, Bech32m", then click "+ Add account".  - In "Taproot accounts", click the "Receive".  - The following is an example of the generated Taproot address.  Ledger LiveCredit to Pmalek with that postSince no one has explained how to create a Taproot address on Ledger Live yet, I will briefly describe the process. After opening and logging in to your Ledger Live account, connect and unlock your hardware wallet with your PIN. Now click on the "Accounts" tab on the left. On the dropdown list select Bitcoin and click on "Continue". Ledger Live will then scan all existing Bitcoin accounts that are or aren't part of your portfolio. Give it a minute to finish or stop the scanning process by clicking on the "Stop" button. To add a Taproot account, you need to switch on the "show all address types" under "Add new account". Give your Taproot account a name and click on the "Add account" button at the bottom. If done successfully, a confirmation screen will inform you that your new account has been added to your portfolio. You can see it at the bottom of your "Accounts" tab because it's addresses are still unfunded. To generate a Taproot address, you now need to click on the "Receive" tab on the left, select your new Taproot account on the list, and click "Continue". A new address will be generated for you. Compare and confirm that the address on Ledger Live matches the one on your hardware wallet and approve it by clicking on both buttons on the device. You have now successfully created a Taproot address in Ledger Live. Ledger Live (Android)Credit to Husna QA with that postSoftware and Hardware wallet that Husna QA used in this test: - Ledger Live Android v3.3.2 - Ledger Nano X Logging in to Ledger Live; On the "Wallet" icon, select "Add asset" or the "+" sign in the upper right corner.  In the "Add Asset" option, I select "With your Ledger".  In the "Crypto asset" option, select "Bitcoin (BTC)".  In the "Device" option, select the hardware wallet that is connected to Ledger Live. If the hardware wallet name doesn't appear, tap "Pair with Bluetooth" (Nano X) or connect it via a USB cable (Nano S, Nano S Plus, Nano X).  "Open the Bitcoin app on your device".  Ledger Live will scan all Bitcoin accounts.  Select "More address types" to display other Bitcoin accounts.  Select "Bitcoin (Taproot)" and tap "Continue".  Here is the newly created Bitcoin (Taproot) account:  To generate a Taproot address, tap Bitcoin Account (Taproot), Select "Receive".  Make sure the hardware wallet is still connected to Ledger Live for the process of creating a Taproot address.  Verify address on Device.     Select "Copy address" or "Share address" to copy or share the Taproot address. OneKeyCredit to SFR10 with that postOneKey recently added support for Taproot, so here are the steps for creating Taproot addresses in their Android app [it seems to be "open-source"]: - When you first open the app, it creates an Ethereum account by default, so you have to change it from the top of the page and select Bitcoin.
- Then click the "create account" button:

- Choose Taproot

- Click "receive" button

Reference
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Some websites to check liquidity pool and some other information - Dextools.io
- Dex.guru
- Dexscreener.com
- apy.vision
Dextools.ioSearch pair by symbol, name, contract or token - Score, community trust, total tx, ... Dex.guruSearch by token name, token symbol, smart contract address Dexscreener.comSearch by token name, token symbol, smart contract address Apy.visionSearch by token name, token symbol, smart contract address - Additional information: V/R ratio, Impermanant loss
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Forum has rule against plagiarism. 33. Posting plagiarized content is not allowed.[e]
Common rule violationsThese are the most common rule violations that newbies make. There are other rules than these. - Plagiarism: If you copy some text from somewhere, then you should have a good reason for it, and you must link to the source. Doing otherwise is plagiarism. Changing a few words around doesn't matter. If we find that you plagiarized, then you absolutely will be permanently banned, even if we find it years after you did it.
Warning: Anyone caught copying other users' posts or plagiarising content from elsewhere on the web will be immediately permabanned. You shouldn't need a warning to know that this isn't acceptable under any circumstances.
Recently some plagiarized reports were handled without any punishment, no account ban (permanently or temporarily), no signature ban. Is this rule still applied? If it is not applicable, please edit those topics and that rule.
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I introduced three websites to check withdrawal fees from exchanges for cryptocurrencies and transaction fees on some blockchain networks. - Withdrawalfees.com
- Blockchair.com
- Cointool.app
- Coinmarketfees.com
- Cryptofeesaver.com
- Transactionfee.info
Withdrawalfees.comYou can search by coin or by exchange. Get list of withdrawal fee over available coins on one exchange or withdrawal fee of a coin over exchanges. You can compare them and pick a good one with cheapest transaction fee. This is a third party site so information can be inaccurate. You should compare given info on withdrawalfees.com with official websites of exchanges. Blockchair.com's Compare blockchainsChoose coins to compare from average time between blocks, volume, average transaction fees, hashrates and much more. Having hashrate comparison is good because if you are considering two blockchains with similar transaction fees, a blockchain with higher hashrate should be your choise. It's safer. The safest is Bitcoin blockchain. Cointool.appCompare transaction fee, gas price between many blockchains. coinmarketfees.comThis website has a summary table with lot of exchanges. In addition, you can pick two exchanges and compare them. CryptoFeeSaver.comThis site help you to browse crypto exchange fees by cryptocurrency. They have many cryptocurrencies available for comparison. Transactionfee.infoGet on-chain charts of transactions by using Nested or Native SegWit or Taproot address and how much fee you can save with it.
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In cryptocurrency market, newbies are easily to choose an approach to get rich quickly. They would prefer to choose trading, leverage trading, future trading but they don't know most of traders are losers. To avoid loss and to succeed in cryptocurrency market, one of best approaches is Dollar Cost Averaging. It is very relevant for long term investment and for investment into good projects with solid fundamentals. I introduce some websites as tools for newbies to practice Dollar Cost Averaging. - dcabtc.com
- BlockchainCenter.net
- BitcoinDollarCostAverage.com
- cryptodca.org
Dollar Cost Averaging BitcoinBitcoin only. You can choose amount to DCA on daily, weekly, every 2 weeks, monthly and period (accumulate for, starting) to get estimation for your DCA (total cost, profit in estimation) You can share link of your DCA plan and estimation. Dollar Cost Averaging (DCA) ReturnBitcoin and altcoins. Cost Averaging in dollar or in satoshi You can choose the period by click on a column in "Return of Cost Averaging with BTC since...". Some years for you to choose, 2016 to 2021. After choosing it, you can sort it in ascending or descending orders. Bitcoin Dollar Cost AverageBitcoin only. Choose Start, End dates and periodic amount. This site supports "Click for USA Federal Capital Gains Tax Data". Tick on that check box if you want it. Cyptodca.orgSupport: Bitcoin, Ethereum, Litecoin, Ripple, Dogecoin and Monero. Choose start, end dates; how much, how frequent and click on Submit.
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DisclaimersAll of these lessons are not mine. I read them on Twitter, felt impressed and want to share them here. I declare source link of each thread. I don't use quote for each tweet but the link to opening tweet of each thread is used. In some tweets, there are images, I don't add images here, if you want to see them, after reading text, you can open original tweets to see full content with text and image. Lessons can be learned from your own time, capital and loses. Fortunately, there are good people who are readily to share their lessons. They don't cover their past loses, share them with you. I hope you will read those threads, lessons and use them wisely. Limbo @Cryptolimbo_ (Click on link to read the whole thread) - The First and the most important thing is to ‘SURVIVE’. Protect your capital and have spare cash ready to be deployed when opportunity arrives.
- Speaking of Opportunity , learn patience and the art of doing nothing. Don’t jump on any random $ALTS that people shill as a gem. There will always be opportunities in Crypto so don’t waste your entire capital before real opportunity presents itself.
- It is hard to accept but the Market is ruthless and doesn’t care about your xyz coin's Fundamentals. $BTC going down will drag each and every other $ALT with it so better to accept the loss other than HODLING something just because it has solid Fundamentals.
- Looking to buy your Favorite coin just because it is already down 90% ? You’ll be delighted to know that it can go down another 90%. Most of the coins won’t survive after a Bear Market.
- Found an $ALT that is constantly under development ? Team is building even in harsh conditions ? The Roadmap is being followed ? The Project is generating revenue ? This is the kind of $ALT that you should look to DCA once you see ‘signs’ of bottom forming.
- There are always new trends in Crypto. Learn to identify these trends and ride the hype train until it lasts. Fighting the trend will only result in you losing the opportunity. I thought NFTs were a meme when they launched, so paid no attention to it. Saw people making insane-money , still neglected it only to enter them on the Top.
- The best place to invest in during a Bear Market is yourself. Learn new skills, spend time on improving yourself. Practice as much as you can and prepare yourself for the next crypto Mania.
- Don’t keep all your Funds in one place. Learn to diversify in everything. Don’t use a single wallet to keep all your funds , don’t deploy all your funds into a single protocol to generate APY, don’t deploy all your funds into a single coin.
- There are tons of other ways in Crypto to make money. Hunt Airdrops, apply for moderator roles in new Projects, good with graphics? - start making infographics, good at researching? - tons of people on CT are looking to hire researchers. Crypto is still an evolving industry. The opportunities are abundant.
- This is something I wished I learned sooner - Interact with people, form groups, share your knowledge. Having people around you with a similar mindset will push your growth more than you can imagine.
- The last one is to Learn from your mistakes , make notes of everything and don’t lose hope. Stop trying to be rich overnight and start grinding.
Aylo (Alpha_pls) (Click on link to read a whole thread) 9 mistakes and what I learned - I firmly believe you can do very well in crypto if you are willing to face up to your mistakes. Sure, they are painful and you feel fucking stupid looking back, but its very necessary you reflect and internalise those lessons.
- I'm a regular retail investor with no formal background in finance. Everything I have learned over the last five years has come through trial and error.
- In general, I would say I had more losses than wins this cycle, but the wins I had still meant I did reasonably well.
- That's the beauty of crypto, there is always another opportunity. Every single crypto veteran has had their ass handed to them multiple times. You can get very beat up, you can get knocked down, but you have to get up and go again.
- I have always had long term spot bags that I just accumulate more of, so these mistakes are mostly related to funds I designated for more active trading.
- I'll save my biggest mistake for last, but in no particular order otherwise:
- Didn't shake bear market PTSD off quick enough from the previous cycle. This is something I'm going to be very aware of in the next couple of years
- My biggest fuck up here was AAVE. I scaled in around $20 ($LEND at the time, so it was actually 0.20). Sold most around $50 on the way up during DeFi summer because I didn't want to give up profits (bear market does this to you).
- DeFi was such a big paradigm shift, but my bear market PTSD was clouding my judgement. AAVE ran to $650 or something. Yes, I made profit, but there was a clear mistake here.
- Smart contract due diligence. Luckily I learned this lesson early. Lost $35k to a DeFi exploit in late 2020. This was some profit I thought I had banked after DeFi summer. This one hurt at the time.
- I was taking very stupid risks chasing unsustainable yield and doing minimal due diligence on smart contracts. I learned the basics of what to look for in smart contracts so as not to get rugged.
- I upped my opsec knowledge and haven't been exploited since.
- Form a thesis and let it play out. I was very early to crypto gaming. I had strong conviction that earning from games was going to catch on. Yeah, seems obvious now, but it wasn't two years ago.
- I had a large position in $UOS, which I bought at 0.04. Ultra was building a competitor to Steam on the blockchain. I held for a while, got impatient & fudded myself out of my thesis because I thought I could allocate that capital into a narrative that was closer to playing out.
- $UOS ran to $2.50 a year and a bit later. I would have taken profit much earlier than that, but still missed out on a great trade.
- Did the same thing with interoperability. Figured $QNT had a great chance of running hard at some point due to interoperability being a huge unsolved problem and Quant Network were one of the few teams taking it on. Paper handed $QNT in the teens. It ran to over $400.
- I had done a fair amount of research to form those theses and was happy with the r/r, but timing when they might play out was very difficult. Patience is required, especially when your thesis isn't necessarily clear to everyone. That's where you have the chance to make the biggest gains. It's fine to move on if your thesis gets invalidated, but let that happen first.
- Return to value: $LINK had one hell of a run against $ETH and $BTC in 2020. I got carried away and thought $LINK could keep gaining as "staking was coming soon".
- De-risking even 30% of my $LINK into $ETH or $BTC would have been a god tier trade. I did eventually move a lot of $LINK into $ETH, but only after it had lost a lot of value against $ETH.
- Any time you see an alt has gone parabolic against ETH and BTC take profit. No matter what your conviction or reason you can conjure for why the outperformance will continue, just take profit.
- I am very bullish on the long term future of $LINK, but every alt historically gives its gains back to BTC and ETH. You should always be looking to take advantage of alt runs and return to value. You will get to accumulate more of your desired alt this way as well.
- NFTs - I had no edge: I had no real framework for assessing NFTs, yet I still jumped in thinking I could spot the next BAYC. A display of arrogance no doubt. Down in ETH and now have multiple horrid NFTs as a reminder of my stupidity in my wallet.
- Ultimately, I was up against people with an edge and I had no edge. I developed some sort of framework to evaluate NFTs, but not after I had made several bad purchases.
- When shit looks bad, don't force it. I had the right idea around September last year. I wanted to significantly de-risk and wait for the coming bear. I could have touched grass, got away from the screens and chilled out. But what did I do instead?
- I thought I could squeeze a bit more out of the market. Bought into two projects ($POKT and $MAGIC) when it was clear the macro was horrible and the cycle was coming to an end.
- I bought these with fundamentals in mind and was excited by the potential of both. I was almost too excited by the potential that I inevitably became a bag holder.
- Don't knife catch leverage unwinding events. I think this one speaks for itself. May 2021. Shit went so much deeper than I thought it would. Lost an unnecessary sum of money trying to catch a falling knife.
- Leverage: 99% of people will eventually lose money if they play the leverage game. I played the game. I borrowed against my collateral on AAVE.
- If you can secure your future, do that first. This was my most painful mistake this cycle.
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I knew it from forum discussion and today I read the article of Jameson Lopp. It is inaccurate information about total supply of Bitcoin at exactly 21M as we see on media. Jameson explained it very detailed and technically in his article. Some other resources to read about the same topic on Bitcoin total supply How is the 21 Million Bitcoin Cap Defined and Enforced?Controlled supplyEquivalent network timeThis Bitcoin Inflation vs Time chart should be known by any Bitcoin investor.
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BlackViruseNewbie But Not BeginnerBan evasion and advertise a scam casino. Abeg make Una dey careful with the wallet Una dey use the one I use for my 2015 banned account bounty hunting days I make mistake use am for signature campaign den ban the account the same day my mama die na high bp I go through una brother Blackp*ssy Don show for jungle again make Una try for me
https://loyce.club/archive/posts/5556/55567712.html@BlackVirues
Although the forum dey against ban evasion (that's creating another account when they don ban the first one) no body go disturb you as far you fit stay under a new identity.
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INDEX Cryptorank.ioYou can get tables for Bitcoin, Ethereum Bitcoin: https://cryptorank.io/price/bitcoinEthereum: https://cryptorank.io/price/ethereumYou can get more table for other altcoins. Cryptorank.io announcement tweet: https://twitter.com/CryptoRank_io/status/1423363809545265159We're glad to announce that we have released new Monthly Returns (%) stats feature for any crypto assets, like #Bitcoin, #Ethereum, #BNB, etc.
The new table is available on any cryptocurrency overview page:
Monthly Return Tables are great because they give you good overview about cryptocurrency changes with months. However, you should not obsess with tables and make your investment decisions only based on those tables. From overview, you must do your own research and look for more details. Cryptorank.io provide Quarterly Return Tables as well. Checkonchain.comWebsite: https://checkonchain.comBitcoin Monthly returns Quarterly retracements Two types of altcoinsIt is from Woobull.com: The two types of altcoinsTwo charts for two types of altcoins: Oscillators and Degenerators.
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The hype of Dogecoin, Shiba Inu and others have yet ended. Dogecoin falls after the SNL interview of Elon Musk. Shiba Inu has been listed on Huobi and will be listed on Binance. The trend of community coins or tokens is going.
Cryptonight has a big family with many altcoins. Price of those coins is at bottom. They have disadvantage that not many exchanges readily to list Cryptonight coins.
Thoughts?
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Unrekt.net can help you to check Smart Contract Allowance and Revoke it when you finish, you need to do the revoke process. It help to prevent all addresses that can spend your tokens and steal your money. The simple website says Smart Contract Allowance Checker
ETH-BSC-HECO Compatible
Find & revoke all the addresses that can spend your tokens
https://app.unrekt.net/
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Altcoin season is existing and along the growth of this season, altcoins will be pumped. Their prices with pumps can last in few minutes, hours, days or weeks but you must have your preparations for their pumps. It is stupid if you are lazy now and when a shit altcoin pumps 20x, you can not sell it. I understand that it is unrealistic to sell at highest price of each pump. Anyway preparation is necessary and should be done from now. Tutorial - If you have a shit altcoin, check backup you have. It can be a wallet file (you will need to try password to unlock it if it is an encrypted wallet file) or private key or seed. - Check it and find a newest wallet version to download, install. - Prepare enough space in your disks - Sync your wallets. If that shitcoin has years of age, you will need big data space and time to sync your wallet. It can be hours to days. It takes time and patience to sync for first time. After that, time to sync it will be faster and you can do it when you use your computer to work. It's time for you to make your preparation for gifts from altcoin season. Check newest wallet versions with https://www.coingecko.com/enhttps://coinmarketcap.com/
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