We all know BlackRock is one the major beneficial from the launch of bitcoin ETF on January 11. They have being attracting investment worth millions of dollars daily consistently, which under 71 days, they have gotten $15.5B in total . But there was a surprise yesterday that this big firm was unable to have any inflow, and it was recorded that BlackRock for the first time made $0 inflow on April 24.



Another ETF participant Fidelity's FBTC, two weeks ago also  experienced $0 inflows for three days. However Grayscale Bitcoin Trust ETF have made more outflows than other ETFs inflows put together. The record says that GBTC has made a total of more than $17B outflow, while the other bitcoin ETF have made a total of $12.3B inflow.

Does this show that GBTC is taking over the ETF market from the others. Or most people put their trust more on GBTC than the rest. Or maybe investors are now keeping their coins in their private wallet after they have bought from an exchange, waiting for the bull run. What are your thoughts on this.


https://cointelegraph.com/news/blackrock-bitcoin-etf-no-inflow-first-time-since-launch

I said let me share this here as it is already in our local board, which I used yesterday and my transaction went smoothly and confirmed within 6hrs.

We can still enjoy using low fee for our bitcoin transaction despite the mempool congestion that has resulted to high fee for transactions to be confirmed. ViaBTC free accelerator is what you need, this tool is very easy to use and beginners can use it without any  problem. Viabtc is a mining pool, and when you use their tools, they will iclude your transaction in the next block that they will mine.

Use this link: https://www.viabtc.com/tools/txaccelerator/

Steps
After you have made your transaction, you should just copy your txid and paste it on the space..






after that click on free submission and you will see if it has been successfully added to the next block. All you need to do after that is to relax and wait for few hours for your transaction to be confirmed.

Note : For you to use this tool and be successful with it, you must

1. Make sure that you are using a wallet that supports RBF, this will enable adjust the fee to that fee that will be easy for this tool to accelerate your transaction....

2. Your transaction limit should be 500 byte or lower.

3. Use minimum of 10sat/byte and above for your transaction fee, which should be around 19 sat/vbyte for native segwit.

You can check the fee and size of your transaction by pasting your txid on https://www.blockchain.com/explorer.

For people using electrum wallet, it is easy to see your transaction fee and adjust it to the stated fee above. Also I used static because it is easy to make the adjustment, and the fee is also very low on static.

The only challenge that you can have is pasting your txid and after clicking on the free submission, if it does not respond, when you experience such, you should relax till the next 0'clock (i.e if you submitted your transaction by 1.15pm, you have to wait till 2.00pm on dot, and refresh the page and immediately paste your txid and click on the free submission.

Note: ViaBtc can only have accelerate 100 free tansactions in one hour, and the funniest thing is that these 100 transactions will be complete in less than five minutes, this is why you must be vigilante and fast.

Remember there are enough scam accelerators in google and be careful on the one you don't know. ViaBTC free accelerator is genuine.

Motivated by Charles-Tim

Edited.

Most people for the first time when they hear of bitcoin, due to its volatile nature that can pump very high within a twinkle of an eye during the bullish period, they misunderstand it to be a get rich quick scheme not knowing the reason behind the pump in price. This has made so many newbies rush into bitcoin as they think that the moment they purchase bitcoin in few months they will make mega profit, unknown to them that it doesn't work that way. This will make them borrow money to invest in bitcoin or use the funds for their monthly expenses and emergency funds to invest in bitcoin, and when what they expected didn't turn out to be so, they get disappointed and due to tension on them for using funds that was not meant to buy bitcoin, they end up selling at a lower price than their entry price and run at loss.

Bitcoin investment is just like a normal investment that when you start it initially, you take your time to grow, nurture and monitor it, with patient and discipline to make sure that the investment flourishes. The investment can only flourish,when you give it a long  time. It will flourish to the extend that when you take profit from the investment is still ongoing, and not within two years but let's say from four years and above. But if your investment has just started taking shape and you want to start taking profit, you might end up crumbling the investment, because it is still in its early stage.

This is how we should see bitcoin investment like, but bitcoin investment is more of value because when you have it in mind that you are buying bitcoin and invest in a long term goal and also having a target of bitcoin that you want to accumulate for yourself in maybe 4-10yrs and above. You will see that you will prepare yourself towards how to achieve that goal. For you to be able to achieve your long term goal, you budget a percentage from your income that wouldn't affect your monthly expenses, so that you can be buying consistently every week, monthly or quarterly, in order to increase your bitcoin portfolio because the size of your portfolio with the timeline is what will determine your profit. Bitcoin investment is worth investing into because  it might be that, it is your bitcoin investment that will turn your life around in future and you will be happy that you invested and hodli for a long term and you could meet up your bitcoin target.

Bitcoin is not altcoins that can be hype, bitcoin has a solid foundation and has come to stay, the government knows this and that is why they are approving Bitcoin ETF, which US SEC will soon approve that. Can you just imagine when you build a house without a foundation, any little breeze will shatter it and that is how those altcoins are, they are pump and dump and they were created to scam people who are greedy and need quick profit or people who don't know the potential of bitcoin. Investing on altcoins will be the worst thing to do because it is the same as gambling.

Why are you after a quick profit investment, when you know that there is no investment that has lasted, that will give quick profit. The only way that you can profit from bitcoin is when you invest in a long term and focus your mindset on a long term goal with regular DCA. When you invest in bitcoin for a short term, the possibility of you to run at loss is high than when you invest in long term. Invest wisely...

What is your thought on this.

This information is for newbies because I know that most old members in this forum has already figured out the exchange that they prefer to use. Paxful exchange is a Nigeria exchange and scammers have started using this exchange to look for victims that will fall into their scam to rob them off their bitcoin. There are fake p2p traders there which their intention is to scam anyone that wants to sell their bitcoin because for dispute to be resolved takes three weeks in paxful and this makes it gives the scammer a long period of time as an advantage for him to use all his scamming tactics on you and also deprive you access to your funds.

This is how the whole thing will go like, the  scammer will claim that he wants to buy your coins when you want to sell and in the next few minutes, he will click that he has sent you payment for you to release the coins. If you then go to your bank and confirm the payment and to your surprise you will see that there is no money sent to your account. This is where the scamming process starts from, he will start urging you yo release the coins and if you don't, he will not cancel the trade, so that he came come up with his scam.

Since he hasn't cancel the trade and after some hours, when you haven't still receive your funds, you will become worried. If you call him, he would say that he has sent it and the best option is for you to report to moderator and create a dispute of your transaction to make sure that the exchange is aware of what is going on. After you have created a dispute, moderator will tell you that it will take three weeks for them to cancel the trade after it has been confirmed that the merchant can't come out to show prove of payment. After some hours, the scammer will send you a chat as if he is the moderator of paxful that is handling the issue, that you should be sorry for any inconveniences, that they have found out the the p2p trader is a scam and they have block his account that you should send them your bitcoin wallet address so that paxful can refund back your bitcoin to your address and after that you should click on send.

The moment you fall for this and do as said, then you click on send, you have release your coins unknowingly to you, and the scammer will be in custody of your bitcoin. This is why it is good that we use a big and popular exchange in the world like Binance, Kucoin and Coinbase to avoid been vulnerable to scammers, or better still use a decentralized exchange like bisq. Also note that using a centralized or decentralized exchange doesn't still free you from being scammed. So beware of scammers and make sure that you select p2p merchant with high reputation even though their exchange price is low compare to some other traders.


This is a chat from paxful moderator chatting with my friend that didn't fall for the scammer. If you look at the color, it is purple and below the chat, you will see the paxful exchange logo and written moderator.



This second chat is from the p2p scammer guy claiming to be the moderator. If you look at the downside beneath the chat, you will see P and not paxful logo and moderator. Instead the moderator was inside the chat box. When my friend was chatting with the scammer, it was that same P that shows beneath the chat just as it shows now. This was how my friend confirmed that the p2p trader is a scammer, because at first he thought the it was bank network problem that made him not to have seen the money in his account.

The worst of it was that my friend became worried of his bitcoin in paxful custody because he needed cash, he called this scammer again and the scammer told him to send him 5k, so that he will cancel the trade and as I am writing this thread, the scammer hasn't still cancelled the trade and there is nothing that my friend can do about it than to wait till the three weeks complete for paxful to cancel the trade. What a mess and a waste of time. Beware of paxful and stay away from this exchange to avoid all these stress or losing your coins, because it is an exchange for bunch of scammers.

It is quite shocking, that FTX has the intention of scamming so many persons all over the world, by having FTX Ambassador in different part of the world,
 especially in Africa who will go and look for students that they can deceive to join the trading platform, and tell them to keep their funds in FTX where they can use the money to trade. These Ambassadors are the ones that claim to be an official agent from FTX, that will be teaching these university students that they can convince to learn trading, in other to make them get rich. The name of this program was called FTX Africa Campus meetups.

Nigeria, is a country that due to the devaluation of Naira, everyone is looking for a means to beat the inflation adopting cryptocurrency and for this reason so many people fell victim to FTX plans. These Ambassadors went recruiting people and also collecting $1 each from them as registration fee, so that they can teach them trading. Due to the hardship in the country so many persons involved their friends and families to key into the opportunity of learning through FTX Ambassadors on the platform.

Victims were asked to keep funds in the exchange, which so many of them did in order to get ready to learn trading. After the crash of FTX, these victims became frustrated and even threatened to kill those people that are claiming to be FTX Ambassadors who introduce them into the trading scheme, as a representative of FTX, and they are scared of their personal safety because they have made so many people inclusing their friends are families get scammed through this scheme. Imagine one of the FTX student Ambassador made people to invest 20million Naira in the exchange and how will this person payback those funds to the victims. FTX contract, which says the students would receive 30% of transaction fees paid by people they referred to FTX, plus an additional $500 per month based on performance. Imagine their telegram channel has more 10,000 members.

To cut the whole story short, it means that one should be very careful with information that he is hearing about cryptocurrency trading as this is the method that scammers are using to scam people from their hard earned money. It is not everybody that claims to know trading that is a good trader, and it is better that you make you learn the fundamental analysis and technical analysis with risk Management before jumping into trading. Only use small amount of money that you can afford to lose for a start, so that you can practice with that.

Lastly, never trust any exchange to the extend of leaving your funds in it, you should only leave the amount that you can afford to lose. Actually I been no know say this FTX crash affect so many people for Naija self.

https://www.coindesk.com/consensus-magazine/2023/10/17/how-african-students-became-victims-of-ftxs-collapse/?_gl=1

Abeg wetin una get to talk for this matter, and I won ask if anybody don come across anybody wey follow for this loss.

I was in the garden this evening and I was think on my bet that I placed on this evening game, then something came into my head like...are you going to gamble even when you are old, or you will quit gambling at a certain age.

There are so many of us that are responsible gamblers and we only gamble to entertain ourselves not for making profit. Since gambling is done for fun, it becomes part of us, this is because we enjoy the fun, and some persons uses it to relieve them after a long day stress at work. We always assign some portion of our income for our gambling activities because it has become a habit in us. I know that some of us hasn't thought of quitting gambling because we are responsible gamblers.

My question is this, will you continue to gamble till old age, or you have planned to stop gambling at a certain age?
I am not referring to addicted gamblers that will learn a hard lesson before the quit, but only responsible gamblers that are taking all prevention measures to addiction.

I will answer first.
I will love to quit gambling when I am 42yrs because I don't want to give gambling much time and I will prefer to look for an alternative means to have fun.

Newbies, you are all welcome to this forum as you are in the right place to learn all angles of bitcoin and many more. It is easy to grow here, if you are ready to learn.  There is board here that is called local board in the forum.

Local board is a board that was given by Theymos, to people from your country for easy discussion, so that you can learn and contribute in your native language for proper understanding and also to assist one  another.

So many newbies here don't know that the forum has a local board for their countries, and they find it difficult to interact in their local language for easy understanding. When I first registered here, I didn't know that Nigeria has a local board and it took me three months before I finally saw our local board. I felt overwhelmed and felt at home the moment I visited the board, also it made me feel comfortable to ask questions there and also to contribute on topic been discussed in our local board.

As a newbie, it is important that ypu identify yourself with your local board, because it will enable you to learn in your local language which might help you understand topics being discussed in the forum faster, and it will also make you grow faster, especially those people that English Language is their second language. Local board will make you also have good contact and have new friends from your country because, life doesn't end here in bitcointalk, since nobody knows tomorrow.

Although, there are some countries that Theymos hasn't grant their request to give them their own local board, that shouldn't discourage you from posting there, because it is the number of people in a local board and how active that sub board is that will help to speed up the provision of your own local board. On the forum home page, if you scroll down, after alternative cryptocurrency, you will see where the local board is, scroll down to see if your country is also written there and if not, it means that your country hasn't been given a local board yet but you can also look for your country here Other languages.
 Bitcointalk is open for everyone in the world, so you should also enjoy posting in your local board here.


This is the advantage of  a local board, a member got most of his merits from his local board, and got to Full Member rank.

This is just a reminder to everyone in the forum from newbie to legendary, that we should be very careful and not be in a rush when we want to make bitcoin transaction, we should be patient enough to go through the bitcoin address that we are sending the money to, and to make sure that it is the right amount of bitcoin that we are sending, over and over again. The transaction fee should also be re-checked, so as to avoid any expensive mistake that can lead to the loss of your coins.

If you mistakenly send your bitcoin to a wrong address, it means that you have lost you bitcoin, because there is no way that you can get it back, if the bitcoin was sent a a noncustodial wallet. If it was sent to an exchange, you only have very slim chance of getting it back.

An example is recently we heard how Paxos over paid $500,000 transaction fee to move $2000BTC due to bug.https://cointelegraph.com/news/paxos-confirms-responsible-for-500k-mistaken-bitcoin-transaction.
Which F2pool has accepted that it was there pool, but I don't think that F2pool will refund back all the funds, because such transactions rely on the goodwill of the miner to refund or not.
Let us try not to be in a rush to make transactions as we might end up regretting for a long period of time instead of using few minutes to glance through the transaction again. Paxos was lucky that the money was refunded because it was the mining fee which can be traced to the minimg pool, but when it is the wrong address, it becomes more complicated.

[Lack of income]

As a bitcoin investor, there are some challenges that can make us unable to invest in a long term due to some certain reasons.

Lack of income If you want to invest in bitcoin for a long term, it is important that one should have a source of income which will enable him use some percentage from his income, let me say like 10%. This will enable the investor to be able to DCA with a particular amount regular, and will lead to increase in his bitcoin portfolio, so that during the long run, he can have a significant amount, which he can take profit after the long run when bitcoin has reached his price target. When you don't have a job or a mean of income, this will totally kill your dreams of reaching your bitcoin target. Some people after acquiring bitcoin to an extend, they quit their jobs that pays them, which they used part of it for investing and believe that the price of bitcoin will keep on pumping to survive them, this is another great mistake some newbies does because we need fiat currency if we are investing into bitcoin for our daily use.

Lack of preparation : In whatever investment one wants to go into, it is good that you prepare yourself very well with the knowledge that you have acquire so that you wouldn't be trapped at the middle of everything and go back to level zero. Bitcoin investment needs a proper insight to know how much fiat funds that you have available at even given period of time, which can be used for an emergency needs, so that you don't go back and sell your bitcoin when you don't have fiat on you anymore. In this one needs to know how much income that you earn, and what type of strategy will fit into your cash inflow, either DCA, lump buying or buying at the dip, or rather still using all method based on the level of funds in your possession at that time.

Lack of knowledge : Knowledge is power and leads to one success in whatever he is doing. A bitcoin investor needs the knowledge of bitcoin first before jumping into investing. This will enable him to be able to know the price movement of bitcoin and not to panic and sell, when he sees a slight change in the market or hear any bad new that will affect the price of bitcoin to drop drastically. This is also enable him to know the right time to buy and sell without regrets.

Trading : Trading is like a distraction to long term hodli because you will be busy thinking of making daily income and not having plans to hodli for long forgetting that long term holders benefits more that traders in the long run. Also due to the unpredictable price of bitcoin, it is very possible that you will run at loss, especially when you are a newbie because hodli doesn't need any skills but discipline, while trading needs skills and market strategy. You will be open to loss more of your bitcoin to trading than holding because you might end up making the wrong decision.

Sickness : This is another factor that can make a bitcoin investor not be hodli for long. You will notice that there are some sickness that will make us not able to go to work anymore due to its critical condition. One will not be able to earn anymore but will need to take care of himself and this will make him go and sell his bitcoin. It is better to use your bitcoin to take care of yourself and become healthy rather than die and leave your bitcoin in your wallet.

One source of income :  This happens to those people that their earnings is not big, but could invest in bitcoin from their income Some investors due to hardship from inflation might not have enough money like they use to have to take care of their important needs and families,because if this their bitcoin investment will be tampered. All that they have bought will be sold off at a price that is not their will. If you find  yourself in such situation, it is good to look for another job to add to the one to increase your income so that your bitcoin dreams wouldn't be shattered by inflation.

You can add yours to it as I will stop here.
Let's discuss.

I am not suppose to say this here but i want forum members to advice and tell me on how I can go with my bitcoin journey as a newbie and become successful in it without losing my bitcoin. My Dad is late and he left us a building which I and my siblings inherited. I rented my own apartment because I stay in a more civilized area. Whenever my tenant pays me my rent, I just keep the money in the bank and sometimes it stays there for more than six months in my account because I have a job that takes care of my responsibilities. This year when I joined this forum, after reading through topics and comments from forum users on bitcoin investment, I said to myself that it will be wise if i give bitcoin investment a trial and see how it will feel like holding a bitcoin.

Last week Monday, I recieved my rent, but guess what I was scared of investing it on bitcoin because I was having so many thoughts in my head telling me to invest and not to invest. I continued with my forum activities and kept on reading, at a point, I got to realize that what will I gain, if I have the knowledge of bitcoin and I don't invest in it to have the experience on using bitcoin and to also have the experience of holding in long term, so that i can talk about bitcoin from experience. This means that it is important for me to buy bitcoin to acquire more knowledge,and this will be an advantage for me  to buy bitcoin now that the price is dip, before it pumps back. Yesterday, I used 60% of the money my tenant paid me to buy bitcoin and I was relieved and happy. I have also created an electrum wallet which I have transfered my coins into, the reason why I chose electrum wallet because it is noncustodial with RBF and Ligthening Network features, which can allow you to double spend,incase the network is congested and your transaction fee is low,since sometimes bitcoin blockchain used to be congested with dust transactions.

I intend to hold by bitcoin for long, because I just started my bitcoin journey and, I know that it isn't going to be an easy one for a newbie like me. I will use 10% of my income to DCA every month, because I also noticed that fiat currency is depreciating due to inflation and that it is better that I save in bitcoin than to keep it in fiat. The moment my bitcoin reaches $1000, I will look on how to transfer my coins to a cold storage wallet for safety. I couldn't keep this to myself and I said let me bring this to the forum for advise from experienced members on precautions I need to take for me to achieve my bitcoin goal target.

If you haven't invested in bitcoin yet, you should try and do so, if you have the resources so that you can feel the vibes that am feeling right now.

Let's discuss.

I know that the reason why we need to tell people about bitcoin is to spread the awareness of bitcoin,so that more people will adopt bitcoin so that it can be recognised and use by everyone just the way fiat is used. This will make bitcoin value to increase due to its volatile nature and the price is been controlled by demand and supply. Bitcoin is limited in number as we all know that we only have 21million bitcoin.

I have been wondering as a newbie with little knowledge on bitcoin that how is it possible for everyone in the world to own some fraction of bitcoin with the limited number just like the way everyone is using fiat.  Is it that these 21million bitcoin will be enought to serve the world with a total population of 8.1 billion because I know that we have whales who will buy a huge amount of bitcoin and just store it in their wallet without using it,just the way the rich men and politicians keep so much funds in their account or at home without spending it. I also notice that one country can't print the currency that the whole world is using but various countries printed their own currency. Another thing that I noticed so many investors prefer to holdli their bitcoin which might make it not sufficient for everyone.

My question is that is it possible for everyone to have bitcoin with the number of limited supply of bitcoin ?

So many newbies have the wrong orientation on bitcoin and they think that it is a get rich quick scheme,which makes them rush into investing and after investing,what comes to their mind next is trading. Trading should be the last thing on  your mind as a newbie here,what matters is after buying your bitcoin is to learn on how you can keep your bitcoin safe and how you can also add to your bitcoin by using the DCA method or how to take advantage of the market when bitcoin price dips. The best way a newbie can make profit from bitcoin is when he holds his bitcoin for a very long time and the profits will come by itself and not through trading.

Trading is done by professional and people who understands the fundamental analysis and technical analysis,you still also need to know the risk management in trading. All these put together can't be learnt in two months that is why a newbie should shy away from trading and don't think that trading is very easy and rush into it,or else you will end up losing your bitcoin to a professional trader because even the professional traders also run at loss. Don't see bitcoin trading as job that you can use to earn a living because you will get disappointed after a great loss,or something that you can use to earn high profit within a short period of time because that is not how it works.

 Don't quit your job because you just purchase some fraction of bitcoin, and use like 10% of your income to buy bitcoin monthly or weekly and hold for a very long time because this is the only way that you can enjoy from your bitcoin investment. Your bitcoin at hand is worth more than millions in the market and don't allow your greed or anxiety to trade make your loss your bitcoin because it is more precious than gold when you HodLi. Any fraction of bitcoin that is gone wouldn't be easy to replace back. Learn and have a concrete knowledge on whatever you want to use your bitcoin for before rushing into it. The forum is where you can learn a lot on bitcoin and DYOR.

What are your suggestions on this my seniors. I want to hear from experience members.

Bitcoin friendly Miami Mayor Francis Suarez has announced on Coindesk TV today that he will be accepting donations to his presidential campaign in bitcoin for as little as 0.00034. He said that this is a process of developing technologies that are going to create democratizing opportunities for wealth creation and are not manipulated by a human beign's ulterior motives,political goals e.t.c.

Mayor Francis has being criticising Joe Biden administrative on the way he is handling crypto and said that the administrative don't understand crypto. He said that he will ban CBDC. He vowed to make Miami a bitcoin hub and has accepted his salary in bitcoin. Link

With all what these presidential candidate said,will it be possible for him to stand a chance to become the next president of US ?
I think if he does become the president of US bitcoin price will shoot up in the nearest future  to six digits and bitcoin will gain more ground in the world. What are your suggestions on this

Good day to you all, I am new here and I will like to get your advice,apart from bitcoin,do you think that there is a high possibilities of making profit from other altcoins. Also which wallet do you advise a newbie like me to use to store my coins. Are exchanges wallet an open source wallet. How can I differentiate an open source wallet from a close source wallet.