Bitcoin Forum
May 07, 2024, 04:25:22 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 [21] 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 ... 414 »
401  Local / Nigeria (Naija) / Re: Make una dey careful when trading on: November 25, 2023, 11:56:02 PM
I greet everyone I know many of us wey dey here suppose don get better understanding about crypto-currency and even how to trade on binance but I still believe that this forum is growing and there are still many newbies coming in.
 so to go straight to the point my friend who is a bit new to crypto-currency was telling me about here experience sell her Bitcoin a popular exchange she has already understood some of the basic on how to sell but this Time while selling the buyer asked for here number which she gave and then chatted her demanding that they trade outside the exchange, and even offered a higher deal than the exchange. this is a big red flag because you a vulnerable to getting scammed if you are trading with someone you don't know off the exchange no matter how juicy the offer is.

P2P trading no end for Binance but if you meet a trader on Binance no go follow am comot off exchange no matter wetin him tell you as many news wey dey get that can narrative dey always end in scams but e no mean say trades no dey happen off exchanges. We get local vendors wey we fit trade with and they're as good as those centralized platforms wey we dey patronized. The main thing be say as you dey deal with any P2P trade on a platform wey no get escrow you need dey careful make you no go dey trade with scammers as dem plenty online.

If you no wan use CEX like Binance exchange dem you fit ask around and get better merchant wey dey run the buying and selling for your area but you go need dey security careful make you no go dey present yourself to them as been too rich before them set you up. Always learn to dey trade in batches and e no go bad to disguise yourself as also a merchant trading others coin so e no go belike all the money wey you dey trade na your own.

Another thing na to dey avoid high rate, whether na for Binance exchange oh or for local vendors, high rate na trick wey scammers dey use to attract greedy people so you need dey lower your longer throat den to dey regret later say your money dun loss due to scam. E better you buy or sell at a moderate rate and be guaranteed your trade been successful then to go dey chase high rate.
402  Local / Nigeria (Naija) / Re: imagine say Bitcoin crash what nest? on: November 25, 2023, 11:40:33 PM
it is so obvious that majority of the world is totally dependable on Bitcoin.
but I think that in anything we do we should try as much as having a plan b, there is nothing wrong if we invest in other business as plan b.
for example I have seen most men who are international staffs in an oil companies taking a huge amount of money at every end of the month not knowing that nothing last forever more especially money.
so am on the opinion that every Bitcoin miner should have a plan b of investing in other business to avoid the story that touch.

The world continues, the end of Bitcoin no be the end of the world, nothing go last forever normally so even Bitcoin no go dey until the world end. The title of your posts dey different from the body of your post as for the title you dey talk like say make we no invest for bitcoin but the body, na advice for us to buy Bitcoin you dey try talk. Majority of the world aren't depending on Bitcoin, Bitcoin never get any better share of the economy of the world self so we still dey far from dominating or making people to depend on Bitcoin.

Where you fit say dey dependant on Bitcoin na that altcoin market as na Bitcoin dey control everything wey dey happen dat side.Your post dey reason us say make we dey diversify and nothing bad to dey run am like that. All of us here know say we no supposed dey put all our eggs for one basket so as we dey make profits for Bitcoin or get better cashout for our other businesses, e go make sense say we dey Invest for other businesses as well and me I go say make dem be physical so Incase anything happen online we fit dey get physical cash to dey use hold body.

This one wey you dey talk about miners so, sure say no be mistake wey you make as na Bitcoin investors wey you wan talk (e makes more sense for the sentence). Sha Irrespective of what you're doing make sure you always have a plan B Incase A no deliver you fit get something to fall back on.
403  Bitcoin / Bitcoin Discussion / Re: Something you don't have to forget on: November 24, 2023, 11:56:54 PM
Most people never knew Bitcoin will be this huge and important because I wish they do everyone would've at least have 10 of it but again there are people who have this Bitcoin but because the value then was not encouraging most people lost their wallet password,  am saying this because I know most people do actually lost their wallet password before they heard Bitcoin is now a great coin.
However,  what am saying in essence is that whatsoever coin you have or you are mining please keep it safe and don't forget your password very important because you can't and will never recover the password.  I believed within a short time most of these coin will have a great value,  a value that one of it will change your story.

Investing in altcoins are a gamble and not a guarantee investment like Bitcoin. Your post is trying to compare altcoins with Bitcoin which is very wrong as they're in no way alike. Most altcoins will end up not existing in the next 5 years but Bitcoin will be trading and still very popular because it controls the whole industry and has years of trust from the community. Don't hold altcoins in expectation of having similar success to Bitcoin as you'll end up more disappointed than you'll actually hit the jackpot with one. Altcoin are good for speculation and if you invest in them get rid of them before they start been worthless.

Every bull market, new altcoins get launched and there's no guarantee that they'll be around when the next bull market comes. Altcoin survive on hype so when that's not coming any longer, they'll stop giving profits and start declining. If you have any altcoin make sure you take profits before they start losing value but Bitcoin should be held because we'll only have 21 million supply of Bitcoin and soon it won't be this cheap any longer as we have more institutional investors coming into the industry with their large bank accounts to get a fair share of the market.

Security on the other hand is very essential in the industry because without been security cautious, you'll lose your investment very often to scammers as they're numerous in number waiting on their next victim to defraud. Learn to use only non custodial open source wallets that you're guarantee full control of your Bitcoin in your wallet and don't store your coins on exchanges.
404  Other / Beginners & Help / Re: Bitcoin network fees are not high is you who can't afford it. on: November 24, 2023, 11:43:02 PM
I hope that a long time from now, most newbies will stop making news from this kind of temporary network congestion, and start focusing more on how to contribute to making the Bitcoin network cleaner and globally adaptable to all, for me I don't see any negativity in bitcoin but rather a lot of opportunity to develop along with Bitcoin as an alternative among another alternatives.

Currently, the high fee is a negativity buddy but we know it'll be sorted out in the future and it's just a matter of time before that happens. Congestion of the blockchain has been a big issue and the OGs aren't complaining because they're already used to this issue happening many times and it's not because they don't think the fee is high. One of Bitcoin selling point was low transaction fees but that isn't the case so you don't expect people to just accept paying miners this outrageous fees we have to pay to get our transaction confirm faster.

If bitcoin was to be accepted globally by now don't you think the scalability problem will cause many discomfort among clients, consumers using the Bitcoin blockchain. Some transaction has stayed days and weeks without confirmation and it's very annoying because many use Bitcoin because of its reputation of fast transactions. And this congestion is obstructing many business from going on.

Buddy Bitcoin network fee are high, just because you can afford it doesn't make it not high, this is meant to be an industry for everyone and not only for the rich ones among us. We're already at a disadvantage to the elites with the banks, it won't be nice been at a disadvantage here as well when this is meant to be where we come for equality. Instead of denying the fact on ground, we should put heads together and come up with a solution that'll solve the scalability issues and one that can be widely accepted too by the community.
405  Other / Beginners & Help / Re: There's always a price to pay. on: November 24, 2023, 11:27:27 PM
Apart from the fact that we are all bitcoinner, I believe one common thing I find among us is the fact that we are all individual that are very passionate and committed at becoming successful at what we do and I hope this meets someone well out there.

Lets bring this to the forum, those who are willing to pay the price are those that are becoming successful on the forum, it's not a surprise when you see other users that you both started your journey on the forum around the same time but they're doing better and you're not. It means they're doing something that you aren't doing. They're dedicating time to learn about Bitcoin and other quality discussion to introduced into the forum and they get rewarded for it. We have to make scarified if we want to succeed in life. We have to learn to put in the work first before we start looking for rewards.

When investing in Bitcoin too, only the patience ones get rewarded. Those who are building their portfolio by DCA are the ones that'll be rewarded the most at the end of the bull market so if we wish to be among them then we have to increase our hustling power so we can generate enough funds that'll be used in purchasing Bitcoin for holding. When we accumulating during this periods that others are panicking or keeps hodling our position in Bitcoin, it means we're paying the price others aren't willing to pay and Bitcoin will reward is at the end with profits beyond our imagination.
406  Other / Beginners & Help / Re: Some people say they will never sell BTC. Is there any reason for that? on: November 24, 2023, 07:20:20 PM
So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   

From what I understand by "never selling" it means not taking profits at the top to buy back at the bottom as many people advise here and outside the forum. They're hodling for the future and not interested in the short profits people make with each Bitcoin cycle. We can never hodl forever unless we have well paying jobs that can take care of all our needs and wants that we won't have a need of the profits that we would have made from Bitcoin and even though, at a point we'll take some profits but the frequent selling to rebuy won't be done. Even pure maximalist also sell Bitcoin when they're in need of cash.

People are investing in Bitcoin for many reasons and some of them is to secure their wealth, this set of people's don't have to sell whenever there's any corrections in the market and they can are the set of people that'll live by their word of never selling Bitcoin as they keep using it as a store of value. We also have those that are investing in Bitcoin for generationally purpose (generational wealth that they'll pass down to their heirs). This set of people will also live by their words that they'll never sell but for the rest of investors buying Bitcoin for capital gains, they'll sell at some point in the future so their hodling won't be forever and there's nothing wrong with that.

The whole phrase of "never selling" for most investors is associated with their emotion as they don't mean it because a majority are selling and that's why we keep seeing Bitcoin taking a dip as if there was no selling pressure ongoing, Bitcoin should have been holdings strong and not getting dump.
407  Other / Beginners & Help / Re: Enjoy being a newbie on: November 24, 2023, 03:52:25 PM
No one is asking you to appear better than you are. On the contrary, it is easy to know if a person is participating for the sake of learning and for merit points. Focus on learning, learn daily for an hour (read books or watch YouTube videos), and I am certain that the knowledge that will be You have enough within a month to write high-quality posts without needing to plagiarize.

Looking at the way people attack newbies on the forum I don't blame people that try to look more knowledgeable than they're by stealing people's contents to present it as theirs but I'm not encouraging this act though just saying we're putting too much pressure on newbies. Aren't the punishment too harsh and encouraging creating of alts accounts by banned users. We have to let loose a little bit, Your points are perfect and anybody's that follows it will get a happy ending. Newbies should focus on learning first before thinking about earning from their time been spent here but from the beginning majority of people's been introduced here were been told that they can make money and that's why they're always money minded and not get what the forum is about.

What I notice in the forum is that newbies do not like to make post in a place that is not well understood by them and sometimes when newbies make a post in the thread that well understood the concept it lead them to write off topic, sometimes what contribute for all this kind of things that in newbies is when they are interested to earn merit so that they can rank up for new positions,

If newbies were writing on threads that they understand then we won't be having problem with the nuisance they create on the forum from their spamming but they don't. They actually are guilty of writing more on thread that they don't understand which leads to spam that older users are complaining about. Newbie should enjoy been a newbie and don't put too much pressure on themselves to write very quality. They can write the best way they can but not spam the forum and engage on topic they have understanding on. With time they'll understand the forum properly and can participate on more quality discussion. One way to know a genuine newbie is the way he engage the forum as they don't always start by writing well structured and quality information but just general knowledge.
408  Other / Beginners & Help / Re: How much do you Trust Bitcoin ? on: November 24, 2023, 01:05:29 PM
To what extent do you believe in the long-term viability and stability of Bitcoin as a leading cryptocurrency, considering the impact of decentralized finance (DeFi) and non-fungible tokens (NFTs) on its perceived value, adoption, and regulatory landscape? How do you perceive the potential influence of DeFi and NFTs on the trustworthiness and growth potential of Bitcoin, and how does this factor into your overall level of trust in the digital asset ?
To make it simple from 0 to 100  how much do u trust on Bitcoin ?

A 100% Bitcoin is always going to be better than any narratives that's been spread for some group of people's selfish interest. Defi or whatever new thing that's trending now wasn't the first to come into the picture. Every bull market a new trend comes along but guess what, with time they'll all fade away and that's why it's very important not to neglect Bitcoin and case after those new trends as you'll regret such decisions in future. At a time we had masternood projects dominating the industry and it moved to defi, metaverse and other trends like AI and so on. They'll have their fair share of the market but as their hypes dies so will they vanish from the market and if you put your hopes on them, you'll regret. There's nothing wrong in trading them for some profits but never neglect Bitcoin because of some trend that'll fail soon.

For one to trust bitcoin completely will be a mistake because there no 100% guarantee that bitcoin will survive for ever or that the price will keep pumping till infinity. But I do believe that the possibility for bitcoin value to increase with timeline is higher than it going down. This is why it is good to only invest with the amount that you can avoid to lose so that if anything happens along the line, you can continue with your life without much effect of your loss on you financially.

There's something called first mover advantage and that's what Bitcoin has, Bitcoin is going to be in the game longer than any other cryptocurency projects because it's the most trusted and that isn't going away. Bitcoin opened the door for others so it'll always have that respect as the first one to do it. In regards to trust between altcoins and Bitcoin, Bitcoin should be given the priority because no altcoins will overtake it. Altcoin and the trends the OP is talking about will come and go but Bitcoin will still be here. Those altcoins do well for a very short timeframe like we have currently with AI season that projects with focus on AI are receiving the most attention. After now they'll stop doing well but Bitcoin will always been in the limelight even when those trends are at their highest peak. Saying no one should trust Bitcoin completely is misleading because what's there not to trust Bitcoin completely for? Nothing will last forever so that's not a reason not to trust Bitcoin.
409  Other / Beginners & Help / Re: How do you avoid scammers? on: November 24, 2023, 12:39:56 PM
I am new to Bitcointalk and I have been around my local board since from my sign up yesterday, I wanted to asked this question over there but need a general knowledge from the community at large not only from my locals. Just as what I have used on my title I want to know the possible ways to avoid scammer and phishing sites because I have came to understand that for one to excel in this forum and in bitcoin investment / holding at large, one needs to be very mindful with the ways we click on sites, where we store our funds and the techniques scammers often use to scam beginners like us.

Scams is one thing we can't eliminate from the industry but we can protect ourselves against them so we don't fall a victim to the fraudsters. I believe others must have given you a complete guide on somethings to do to avoid scammers but I just want to add that we should be skeptical of anything we come across on the web and only get information from the right sources but still we shouldn't be ignorant and not take not of suspicious things been communicated by the verified sources that we get our information from because nothing is safe from hackers and scammers as they can take over any platform and spread false information to make victims of gullible investor's to steal their assets. If it's looking too good to be true then it usually is a scam. Don't get too greedy and be carried always by outrageous offers.

The world is always evolving same as scammers because you never can get all their techniques but what really matters is that we’re staying very conscious online as the internet is a very broad space and everyone should be treated as a suspect hence our safety is solely dependent on us but generally avoiding clicking on random links and when using an exchange, always avoid trading outside of the exchange as that’s what a scammer might always want you to do.

The scammers at time don't even bother to use a new trick but they target the newbies who also fall for their old tricks because they didn't stay updated with what's happening in the industry which is why we have to stay updated with the things happenings so we don't fall victim of scams. As a newbie in a new industry, we should do some research to equip ourselves with the knowledge to be able to spot a scam when we see one. Each bull market brings about a new set of investors that are usually novice and they become the target of the scammers with outrageous promises that it's too good to ignore but if we want what's best for us we have to ignore those offers and keep accumulating Bitcoin as our finances can afford.
410  Economy / Exchanges / Re: CZ officially bids goodbye to Binance. Will Binance Crash or still stand Strong? on: November 23, 2023, 12:00:50 PM
And yes I may be a Newbie on the forum and I admit that I have a lot to learn from OGs like you, but regardless that fact, i believe that no man is a monopoly of knowledge,

You must have misunderstood me as I never intended to look down on your knowledge, my response came as a response of you saying taking down Binance exchange is almost impossible. Most newbies think that way and that's what I meant. We have seen big and small exchange go down and that'll will always be the norm in the industry until we get rid of or reduced the power of centralized exchanges. At the peak of FTX exchange if they had asked if the exchange can collapse and seize to exist, many newbies would have said no because they had almost the same structural and financial strength as Binance exchange.

The newbies back then would had said FTX will be able to withstand any challenges that comes their way but the story today is different. All I'm saying is, don't put your bet on any centralized exchange as they don't have your best interest at heart. They're only here for profits and Binance is going too far by monopolized the industry and also taking the industry backwards instead of pushing it forward. This is a decentralized industry and it should be respected if you have the industry at heart and trying to do the best for the industry as they say.

Just because others didn't to it doesn't make them foolish, Cz is a greedy bastard and not different from the feds (they both are hungry for control). This is the start of his downfalls as I have always predicted. As for the bet, sorry I won't be placing a bet on something I know is inevitable. Binance will crash like other centralized exchange has, it mightn't be today, tomorrow or next but it'll happen and that's why even though you're using it for trading, don't make this mistake of using if as a place to store your Bitcoin. Your funds might be safe today but tomorrow the case might be different. No CEX is too big to crash. It mightn't even be this case that takes Binance exchange down but something is coming maybe a hack or other crimes they'll be found guilty of.
411  Economy / Exchanges / Re: CZ officially bids goodbye to Binance. Will Binance Crash or still stand Strong? on: November 23, 2023, 10:54:55 AM
Binance isn't Number one global CEX for nothing, they didn't just get there by mere luck or because they're fortunate, it shows that they have a very strong team and men of experience under their sleeves, so completely taking down Binance would be almost impossible in my own thoughts. I stand to be corrected though.

They got there due to monopolizing the industry and it isn't because they did something different in the service they're providing. Their exchange isn't any different from other centralized exchange so they can always been taken down. It'll only take more time because of the amount of resources they have at their disposal but that won't be around for much time. Irrespective of Cz been in control behind closed doors nobody likes to association with a guilty CEO or organization because the fed will be digging further to look for more evidence. They're not stupid, the know what Cz was is trying to do before he even does it.

They knew something was going on that's why they have been investigating the exchange so long and if there's something I have learnt from following up similar cases is that the least offense is always the first they present and when you get guilty them others follows. It was obvious something shady was going on, I won't be surprised when they find other crimes like market manipulation or inside trading because the rate at which tokens about to get listed or listed on the exchange pumps  all of a sudden is suspicious.

I believe you're new to the industry (your rank also says that) that's why you think Binance exchange can't go down. I understand they're powerful due to their monopoly of the industry (buying coinmarketcap, talking over popular wallets and small exchanges and also dominating the crowding sector of the industry and so on) but no CEX is above collapse from law enforcement pressure and other causes. If Cz can be found guilty and Binance itself are guilty, is a matter of time before others in the company or partners are implicated. Just know the fed won't stop until they win and from the looks of things they're on the path of winning. Take out your popcorn, relax and watch how things unfold in the coming months.
412  Economy / Exchanges / Re: CZ officially bids goodbye to Binance. Will Binance Crash or still stand Strong? on: November 23, 2023, 09:19:44 AM
So my Question is, with all the tension on ground, is Binance going to survive this or would this be the end of Binance even after naming a new CEO, since the news surfaced online, people has been repeatedly taking out their funds from the exchange with the fear of the exchange crashing. So what's going to be the impact of this tragedy on Binance??

This is why CEX are frown at by the community and not recommended to be used for holding of Bitcoin or other supposedly assets (altcoins). If other exchange were hit with similar situation as Binance just got hit, they would have probably crashed but Binance held strong but I don't believe they can do that for very long. Cz resigning was the best move because anything that happens to him after he resign won't have any impact on Binance as people won't see him as the CEO anymore but I didn't think Binance exchange is safe yet because the fed will be coming after them until they have finally broken them as they do to other services.

They have found a loophole to break Cz and Binance exchange, what tells you that they'll stop here when they can go further. The Fed has always had something against Binance exchange and it got more intense after their role in the collapse of FTX so my answer is, just like how other CEX are going down eventually, Binance exchange time will come. It might have survive this one but it's just the start. They had enough reserve that is why they could handle the withdrawal pressure but what happens when the new CEO can't be as dirty as Cz was to attract big institutional investors and they begin to lack means to get revenue and similar withdrawal pressure comes but they can't handle it causing more panic and leads to the exchange crashing.

Lets not forget that Binance had a face which was Cz and many partners only came because of Cz personality so what happens now that he's no longer the face and the new administration can't live up to the standard of Cz. I believe another CEX will takeover Binance very soon as institutional investors will be looking for their new host just as they left FTX when it went down, most of them will be looking for a new host taking their money with them.
413  Bitcoin / Bitcoin Discussion / Re: What is the best thing that have ever come to you thanks to BTC on: November 23, 2023, 08:51:14 AM
The biggest gain in my life from Bitcoin is that I lost my unemployment. I was completely unemployed and studying at home. But this bitcoin saved me from a life of unemployment. This is the biggest gain of my life from Bitcoin. By working on this bitcoin forum now I am living comfortably with my family. At one time I was living very badly but after working on this bitcoin I started to change my life completely. I thank Satoshi. Thanks through which I came to this forum.

I'm happy that you have something to give you some few dollars to take care of some basic needs but you still have alot of things to consider before you start relying on the forum for income. Signature Campaign aren't guarantee jobs and the campaign that you're participating in can end at any moment also signature can be removed from the forum without any prior notice so you still need a job. It can be manual or online and with the help of Bitcoin and the cryptocurency industry we have a lot of jobs that can be done online and get payment in cryptocurency. If you have a skills you can make use of it to gain employment for cryptocurency startups (community/social media management). It was because of Bitcoin that the forum came into existence and it help Bitcoin in the beginning but Bitcoin can do without the forum so that should be in your mind while you depend on the forum for income because you can wake up one day and the forum might be no more.

I get an extra income every month from trading and I have find new friends that I probably never would meet if it wasn't for Bitcoin.
what do you mean by income, what kind of income are you talking about here, i have seen many scam platform pretending to be paying their users weekly, monthly and yearly, is that the kind of income you talking about, I know been patient is really the key to be successful in crypto businesses, or do you mean staking or farming in a decentralized wallets, let me know if you come across this reply.

Nope he means trading (personally trading by yourself) which can be done on any exchange both decentralized or centralized, it's very simple to understand and it's more of a good way to get income form the industry. You can make money from Bitcoin through investing and hodling or trading. Tracing isn't encourage for newbie because it's risky and can make you to lose when you don't know what you're doing but if you have gained the knowledge of trading properly and also have enough experience, you can make good incomes from trading both altcoins and Bitcoin. We have those that are depending on trading for their income and it's working great for them. If you learn you can also belike them but do note it's not the safest way to make money from the industry as hodling Bitcoin is.
414  Bitcoin / Bitcoin Discussion / Re: Do you foresee crypto payments going mainstream soon? Why or why not? on: November 23, 2023, 04:10:48 AM
Share your insights! What factors contribute to the potential mainstream adoption of crypto payments, or do you see any obstacles that might slow down the process? Let's explore the possibilities and challenges together.

There are some obstacles like the high cost in fees and delay in confirmation of transaction due to congestion on the Bitcoin blockchain but this won't be a problem in the future because a solution will be introduced (and that's my belief). I strongly believe Bitcoin is still very new and in the future solution will be introduced that'll make Bitcoin over capable of handling more transaction without experiencing delay due to congestion of the network. We're over expectant of Bitcoin achieving global adoption that we don't appreciate how far Bitcoin has come in a very short timeframe. Bitcoin hasn't lived up to two decades and we have come this far, why is there doubt that more can't be achieved in the future. Bitcoin will go mainstream not altcoins as others are suggesting. More institutional investors are coming into the industry and they'll play a role in normalizing mainstream Bitcoin payments.

Quote
The crypto space has seen remarkable growth and innovation, but challenges and skepticism persist. Are we on the brink of a significant shift in how we conduct transactions, or do traditional payment methods still hold the fort?

I believe both will coexist because Bitcoin wasn't created to replace the traditional means of transaction, it was created as an alternative meaning they both can coexist and function properly. The truth of the matter is the government won't give up their centralized system to adoption a decentralized system that won't favor them but with time they'll realize they can't kill the industry by fighting it and just accept it. When this happens that's when Bitcoin will achieve its main stream dominance and Bitcoin payments will be recognized globally. This mightn't be happening anytime soon because I believe it's still too early but it's an inevitable scenario.
415  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin really too Expensive? Then Buy Satoshis on: November 23, 2023, 03:50:54 AM
If you missed buying bitcoin in its early days and feel bitcoin have become too expensive, then you have the opportunity again to invest in satoshi, treat satoshi as a bitcoin side project, for in the near future, 1 satoshi may worth up to $0.2 cents or even more, there are only 100 million of satoshis in every 1 bitcoin,
Satoshi is not Bitcoin's any side project, but Satoshi is Bitcoin and likewise is Bitcoin Satoshi, vice-versa,  and I so much agree with what O.P said in this thread, since Satoshi is a fraction of Bitcoin, and for whoever can not afford to buy a whole full 1 Bitcoin, can likewise afford getting it's fraction which is Satoshi, whereas, as the price of Bitcoin skyrocket, so will it's finite unit also increase in value due to demand and supply.

OP is making it sound like Satoshi is another project on its own which is kind of funny and a little misleading to newbies that don't understand what Satoshi is but I get the point he's trying to communicate by writing his thread in this way. It was actually the title of the thread that caught my attention and I'm sure it'll draw the attention of others and maybe after they read the thread they'll understand better that they don't have to own a whole Bitcoin before they can participate in the industry too. People see the price of Bitcoin and immediately think they can't afford it which discourage then from researching further to understand the currency. Just like the OP has said and others has contributed, you don't have to own a whole Bitcoin to become a Bitcoin investor and benefits from the profits of Bitcoin.

Consider every fraction of Bitcoin that you own as a share in Bitcoin profit that'll make you eligible to receive the rewards of holding Bitcoin. If Bitcoin price increase by $1000 and you own 1 Bitcoin, it means you'll receive 100% of that $1000 that Bitcoin gained and the percentage spreading across the fraction of Bitcoin you own. If you own 0.1 Bitcoin you get 10% increase of that $1000 that bitcoin gains and the percentage you gain follows same path. This is why the more Bitcoin fraction you own the better you stand to benefits from the profit increase of Bitcoin. Invest based on your financial strength and don't borrow money to own more Bitcoin because when the market corrects and you invested more than your Hodling limit, you'll be panicking and probably miss out of gains you were suppose to get as you sold under panic.
416  Economy / Services / Re: 👉{OPEN} ▄■▀■▄🌟Bitvest.io🌟 - Plinko Signature Campaign, Member+ {Funds Escrow] on: November 19, 2023, 10:00:53 PM
Week 05 payments has been processed.

Bitvest Escrow Address: Current balance:

👉 We still have OPEN SLOTs for tier E for all ranks, drop your application below if you're willing to accept the payrate.
👉 If you have a red tag, neutral tag for spamming don't bother applying.
👉 If you have an inactive account don't bother applying (first 1/2 page of post history still has posts from previous months).
👉 Remember not to spam as your accounts are been watched by spam watchers and if you're tagged or reported you'll be dropped from campaign without payment.

👉 if you have any inquiries or complains don't hesitate to inbox me or message me on Telegram @PedroBrainbossBM for faster response.

Immediately you're accepted, you can begin work for the week, do have a wonderful weekdays ahead.
417  Economy / Services / Re: 👉 {OPEN} Eloncoin Signature Campaign | Member+ [Funds Escrow] on: November 19, 2023, 09:33:01 PM
Week 03 payments has been processed. Eloncoin also sent check your wallet for eligible participants.

Bitcoin Escrow Address:
Eloncoin Escrow Address: EW12bB9Hqe9LoFxA9xoJgugV5tydFAn7mF: https://explorer.eloncoin.org/address/EW12bB9Hqe9LoFxA9xoJgugV5tydFAn7mF

👉 We still have OPEN SLOTs for tier E for all ranks, drop your application below if you're willing to accept the payrate.
👉 If you have a red tag, neutral tag for spamming don't bother applying.
👉 If you have an inactive account don't bother applying (first page of post history still has posts from previous months).
👉 Remember not to spam as your accounts are been watched by spam watchers and if you're tagged or reported you'll be dropped from campaign without payment.

👉 if you have any inquiries or complains don't hesitate to inbox me or message me on Telegram @PedroBrainbossBM for faster response.

Immediately you're accepted, you can begin work for the week, do have a wonderful weekdays ahead.

Download Eloncoin Links: Mobile App | Desktop
418  Local / Nigeria (Naija) / Re: My thoughts and wonders on Bitcoin on: November 19, 2023, 07:09:23 PM
Also I believe Satoshi Nakamoto chooses to be anonymous, because bitcoin transaction should be anonymous. And Satoshi is showing that example.

Bitcoin isn't anonymous neither is the transactions anonymous, you can see everything happening on the Bitcoin blockchain openly. Bitcoin is pseudonymous which gives you privacy (dem no fit link your transaction to you because no personal information dey attached to your Bitcoin address) but if you go dey do anyhow like post your identity (like KYC) linked with your address then dem go fit trace am to you. Bitcoin guarantee privacy and to increase am more you fit make use of mixers to increase your anonymity so person no for track transaction to use but make the mixers be correct ones wey no dey save logs of device wey use their service or how dem do the mixing (which address dem send from or receive).

Quote
The confidence of people in bitcoin is already high and this has nothing to do with the anonymous of Satoshi. Every year people all over the world keep adopting bitcoin and centralized exchanges keeps recording new users creating accounts. On a contrary if Satoshi reveals it's identity it might even lead to some decline in the use of bitcoin for some reasons.

Na better truth you talk here, which dey self Israel ban Bitcoin and e no get anything to do with Bitcoin but because dem observe say their enemies wey dem dey fight dey get reinforcement through financial backing with the help of Bitcoin. E good as Bitcoin no dey connected to anybody wey go come connect to a particular country, religion or anything wey dey divide people. More country go ban Bitcoin if e dey link to a founder from country wey dem no like. Satoshi is a very smart person or a wise set of people (assuming dem be group) because all the decisions wey dem take make sense. Making Bitcoin a community project and not a personal project was the best decision. See BNB coin, just because people hate Cz, dem dun hate the project. If Satoshi no do wetin dem do na so e for dey for Bitcoin too, so you make better sense.
419  Bitcoin / Bitcoin Discussion / Re: Who's Raking in This Fee on: November 19, 2023, 06:17:31 PM
Now, in another scenario, let's say I purchased some bitcoins from a centralized exchange like Binance, and I need to send them to a cold wallet address. Again, there's a transaction fee. But who's raking in this fee: the miners or the CEX platform?

Your withdraw fees has a combination of miners fee and service fee, some exchange are greedy and overcharge while they send out the withdrawal request in batches (which is why you don't receive your withdrawals immediately you request for them) only on exchanges that has lots of volume that you'll receive your withdrawals almost instantly even though the miners still have to confirm the transaction but you can see that your withdrawals has been processed on the blockchain. Alot of centralized exchange are stealing from their customers but people don't know about this or they know but there's nothing they can do since the fees aren't hidden but made know on the withdrawal page.

CEX is a business so they need to make profits to stay in business (pay their workers, maintenance and other charges), they have various fees they charge like trading fees, withdrawal fees and other charges for products that they offer. For your question, the miners and the CEX platforms shares the fees but a majority goes to the CEX for those overcharging for withdrawal. I know of some platforms (not exchange though) they charge less and use a higher fee to process users transaction and this goes to show platforms that truly cares about their customers.
420  Economy / Exchanges / Re: Binance bitcoin wallet maintenance on: November 19, 2023, 06:00:52 PM
CZ uses clients' money just like banks, but printing BNB gives him some time before what he is doing is revealed, so he will continue to do so. The problem always lies when winter comes and it becomes difficult to obtain quick returns from investments or the price of BNB decreases.

This is going to take a very long time before it happens but it'll definitely happen because when the hype of Binance exchange dies out due to another exchange domination then Cz will seized to have funds available to him to use to his advantage. Currently alot of investors are still depending on the projects he launches through his exchange launchpad for investment and I guess he buys a bag  of the coin and dump it on new buyers there by generating more profits for his exchange to keep on operating. They're also getting revenue through project listing so his bank account is getting fat regularly which make it not possible at the moment to get exposed but it'll surely happen when his time is up.

CZ's strategy is good at convincing users to keep money on the Binance exchange. CZ activates himself on social media to interact with his followers. This is not the good or bad of CZ, there are many other reasons why we want users who don't know much about the risks of holding assets to not be trapped by the guarantee fund statements provided by them when an incident occurs.

He's presenting himself and his exchange as the good guys so people keep believing in what ever he says and if you try opposing or advising people not to keep their funds on his exchange they'll defend the exchange like they have some guarantee that nothing can happen to Binance exchange. Cz is active in recovering stolen or hacked funds on the BNB network, his exchange or other associated projects and he advertise every operation that gets successful on twitter there by winning more people trust. He knows what he's doing and so far it's working in his favor but one day his tricks will fail him and he can't come out of the situation his exchange will find itself and then people will realize what has been said from the very beginning of not trusting any centralized service providers.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 [21] 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 ... 414 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!