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1301  Other / Beginners & Help / Re: Tell people about bitcoin but don't force them to invest on: April 03, 2022, 11:05:15 PM
Putting them under pressure gives no help but instead, it was a burden to them and they will blame us if they will lose. It should be their will and willingness, we let them make decisions, not us.
This!  This is the reason why I didn't even force anyone to adopt Bitcoin or invest in it without any of their knowledge because I know it's hard for them to understand how useful this technology is to us, I'm not telling first the profit because they might be chasing this without even understanding how volatile works.

Usually, I hate convincing people to invest in crypto, but showing them that I'm successful on it and letting them first understand how it will work might be a good step towards embracing this technology.

Back then 2018, how many scams have been reported because the number of crypto investors has been increased without proper knowledge of it. 
1302  Other / Meta / Re: Is the IQ test really necessary? on: April 01, 2022, 09:28:11 AM
And in your opinion, is this IQ test necessary?
Yes, it's necessary. Making 3 posts without testing your IQ will result a permanent ban of your account.
I tend to agree!

And, remember what theymos said if you've got only 120 IQ test scores after April Fool's Day end, you will be subjected to ban, and surely the ban hammer will directly hit into your account.

This is now how to determine the shitposters and spammers on the forum.  Cheesy
1303  Alternate cryptocurrencies / Altcoin Discussion / Re: newbie Q/A on: April 01, 2022, 09:14:16 AM
- I have an initial capital of $5000, what coin should I invest in for the long term?
Though it was stated above that you shouldn't rely on other suggestions regarding financial advice but here's my opinion regarding your questions.

Since you're talking about investment in the long term, choose a project that has been proven, tested, decentralized, and very volatile that has fast-moving in the market.  IMO, Bitcoin is the first choice and as others said, this potentially will have profit in a long term.

Quote
- How to avoid easy scam coins?
These are my opinions,
  • Always DYOR
  • Don't trust a hype project
  • Always prefer on the decentralized concept
  • Have a real use project
1304  Alternate cryptocurrencies / Altcoin Discussion / Re: newbie invest on: April 01, 2022, 08:24:45 AM
I have 2 BNB, what is a good project to invest in? Something with utility, no shit coins
As you can see, those suggestions above were talking about Bitcoin and that's the right investment, you can sure no shitcoin behind on it.
Okay, you have 2 BNB, just buy Bitcoin using BNB and quickly transfer it into a hardware wallet or any wallet that is open-source, and make sure you've owned your private key.

Assuming that you're really a newbie, understand how to secure our crypto asset in a safe place, remember always the "Not your keys, Not your coins" policy.  It's always risky to hold for a long term in a centralized coin like what you had (BNB), it should be a truly decentralized currency.
1305  Other / Meta / Re: Bitcointalk IQ Improvement Service $5 only on: April 01, 2022, 08:05:11 AM
Great service provider, but it seems ain't convince with your IQ trust score yet.

Once it will increase to 160 above, I will definitely avail of your service.
1306  Other / Meta / Re: IQ testing now required before posting on: April 01, 2022, 07:48:56 AM
..everyone with an IQ below 120 will be banned.
Maybe it's time to say goodbye to the Bitcointalk.org community.
I've got below 120 IQ and am subjected to being banned.  Cry

1307  Bitcoin / Wallet software / Re: Coinomi wallet issues??? on: March 31, 2022, 09:42:22 AM
The thing that I don't like about this wallet is that has high fees..........
Coinomi allow you the set the transaction fee manually.
To do so, go to "Setting". Tap on "Advanced Setting" under "Wallet" and then select "Transaction fees". After that, you can set the fee rate.
I used once this Coinomi wallet and never thought that there is a "custom" option, when I was using this, I used the "Low" transaction option and "High" button option if you want it faster transaction which is I thought there was no other option of lowering the fees.  Thanks for enlightening me with this.

No doubt overall free app open-source wallet, the Electrum wallet is good so far for a single wallet that's intended for storing Bitcoin only.  For multi-chain or multi-coin supported, go for the hardware wallet instead.

1308  Economy / Service Discussion / Re: How to turn a USB Pendrive into a crypto wallet on: March 31, 2022, 09:07:29 AM
Why did you choose the Coinomi wallet app which is a close source than the Electrum wallet which is a completely open-source wallet as your example?

It's has a great advantage when you have a hardware wallet over this USB drive, there's no protection such as a protected PIN from the device or some kind of optional passphrase.  It might USB that can be used as an airgap wallet but NOT the hardware wallet.

There's nothing wrong with people having DIY crypto wallets as long as they know how to work it technically but it's always been a crucial part that they need to take a risk.  But if you will put a large amount, why not spend a little amount to buy a hardware wallet that has built a security feature inside it doesn't leave any footprint for every transaction you have.

Go for raspberry pi for the airgap wallet than the USB Pendrive.
1309  Bitcoin / Wallet software / Re: Coinomi wallet issues??? on: March 31, 2022, 08:31:50 AM
Op didn't come back after posting this and I want to hear about OP's opinion regarding those suggestions and comments above which are right and wise advice.

I didn't aginst here with the Coinomi wallet regarding the security, it can be trusted even though it's a closed source multi-coin wallet (it's better than other web wallets).  The thing that I don't like about this wallet is that has high fees and sometimes it takes more time before it will be synced into the node.  But for a single wallet like storing Bitcoin, I would rather choose Electrum over Coinomi.

I think open source and close source don't matter to me IMO, as long as you know how to keep your private key safe you'll be fine.
For cold wallets, it's fair enough to use hardware wallets or airgap wallets, they're surely safe and never hold a big amount on any hot wallets.
1310  Bitcoin / Bitcoin Technical Support / Re: Claiming bitcoin cash and eCash from old btc wallet on: March 31, 2022, 07:05:00 AM
This topic shouldn't be here.

But to answer your question here's my suggestion if you have got a private key you can use it to export into another wallet and maybe this will help you.
https://www.bitcoinabc.org/electrum/

Make sure that the node is properly connected to the BCH network so that it will sync in and show the real balance and also, make sure that you've downloaded the latest version.

I would use Coinomi. I know it is a closed source wallet and there were problems in the past, but you have a lot of forks and this wallet will easily get all of them for you. BCH, BCHA, BSV, BTG, etc etc... coinomi supports most of them and it is safe to just receive coins and send straight away.

You need to be careful and split your coins. There is a nice guide here:

https://coinomi.freshdesk.com/support/solutions/articles/29000026274
I don't know if this Coinomi wallet is good to recommend if you have concerns about fees, I hate using this wallet because of its very high fees especially swapping coins.  Op can split the BCH and eCash using Electrum ABC and Electron Cash, for further information see this, Splitting eCash and BCH coins using Electrum ABC and Electron Cash.
1311  Economy / Lending / Re: DarkStar's Loans | BTC, USDT | 2.70%-6.60% Monthly on: March 30, 2022, 11:28:12 PM
Request For a No Collateral Loan

Required BTC Amount:  BTC 0.0065
Estimated Loan Duration: 2 months
BTC Address: bc1qc8qpjptveqz5vv54rt9gpr5ep6x5kh7f4u8y3s
Signed Message:
Code:
-----BEGIN BITCOIN SIGNED MESSAGE-----
This is sheenshane from Bitcointalk, I'm requesting a loan of 0.0065 BTC from Darkstar.
Today is 12/7/2021

-----BEGIN BITCOIN SIGNATURE-----
Version: Electrum
Address: bc1qc8qpjptveqz5vv54rt9gpr5ep6x5kh7f4u8y3s

HzXq4A3Wt6YWBFaMDhB459fXzfuVDdat6ZIsm9FBtzVLSJig1fhbcGUJlSzYaomoZdwhBWTa9w/QOop11iUJuTU=
-----END BITCOIN SIGNATURE-----

Accepted, BTC sent: https://mempool.space/tx/345872e252036696ab603e79fef16e6e3bf1bc20c4237772809ada227ba8b736
Partial payment was sent to your wallet address.
https://blockchair.com/bitcoin/transaction/7f1ee52b64a86fa3fc856f090d68ba2357f87c22caefcc84e3c42cb94e542ec4
Apologize for the delayed repayment, I was so busy lately.
Sent the remaining balance and the delayed interest, it's now fully paid.  Thank you.
https://blockchair.com/bitcoin/transaction/0eabb370ffafe24f1ae7278683713dc55899f5a5516679a688c946f4a9dbc252
1312  Economy / Speculation / Re: Bitcoin reaches maximum, target $80K BTC on: March 29, 2022, 11:58:23 PM
This should be on the Speculation board, you will see there is a lot of speculation regarding Bitcoin price prediction.

It's too early for me to say that Bitcoin becomes a bullish trend, we didn't yet break the wall of the previous price and considering another new ATH is coming.

I know there are a lot of positive predictions from our expert traders but for sure all of them are still guessing and predicting the market price, nothing more.

For now, let's wait for that when it will happen, the price of Bitcoin will go up when it goes up.
1313  Economy / Exchanges / Re: Is Bintexmo legit or a scam? on: March 29, 2022, 11:47:02 PM
this platform has supposedly given out 10 ETH to winners of its lottery..
it this true???
How many winners should be able to win this prize?
That's too much and I don't even trust if someone given that large amount as a prize.  I don't find any accuse towards them at this moment so I didn't give any feedback or discrimination against them.  Just try a little amount that you can afford to lose if you're willing to try, but there's no assurance about their legitimacy and that's what we worried about.

It's an unknown platform and doesn't have enough reputation, it's now your call if you will use this platform but as others do, a highly recommend stay away and don't lure they've offered.
1314  Economy / Trading Discussion / Re: Few Tips I learnt from trading that blew my account. on: March 29, 2022, 11:21:41 PM
~snip~

[5]. Don't be greedy:The master of it all.
Greediness can reap you off all your profits already gained from the market when you're trying to gain it all. Be contented with the profit you've got and have plans for profits taking.
This is one the biggest challenge I faced during my early time of trading and even now but it's reduced and controled.

Don't be greedy is one the most crucial in my mind because when I go greedy I can lose it all in a few moments.
It's indeed!
That's why we shouldn't chase our losses and control our greediness.  And maybe you forgot to add this in OP, it should also have a stop loss so that you can minimize your losses once there is.

I know it's very easy to say these things but for sure it's hard to do this especially when you forgot your goal.  Trading it's always been crucial, we should have these skills, knowledge plus instinct.
It's all about how we can manage ourselves in trading, there's no shortcut, everything should gain with pain.
1315  Other / Beginners & Help / Re: [Tips] Ways to Protect Recovery Phrase - Mnemonic on: March 29, 2022, 11:00:46 PM
I tend to agree with those stated OP above except on these two options, store in your memory and password manager it seems not a good option IMO.

Storing in your brain is not good because I tried it before, years had passed for sure you will forget those seed phrases that you store in your mind, we aren't computers that we can able to save the file in our mind, it might a matter I days or week you will forget those phrases.

Store password on manager seems the risk too, it's a third-party app that you shouldn't trust.  I have seed phrases that wrote on the book, each word as I was spread on the different pages just like a birth month and birth day, that's maybe a good idea to confuse and not easy to track.
1316  Economy / Marketplace / Re: OTC BITCOIN MARKET PLACE on: March 28, 2022, 03:33:01 PM
@Ratimov made a huge list regarding a [BIG LIST] Buy/Sell Crypto (OTC, P2P, DEXs, CEXs, NO-KYC, ATMs, etc.), you can visit that thread and understand it very well.

Here either you can buy cheaper or you may have to pay more it depend on who is selling ?  how many coin is selling ?  Who is buying ? How the transaction is made ?
First, what's OTC?  It's "Over the Counter".
So IMO, the platform that has hosted OTC or is an act of an escrow or a middleman between two parties trading transactions could be swapping crypto or crypto to fiat.  As I heard, buying and selling large amounts on the P2P transaction or OTC is you may encounter difficulties in trading assuming that on this kind of platform there are fewer traders.

I trust no one except on Bisq and Hodlhodl, they're fully decentralized, and it is very safe to trade p2p.
1317  Economy / Trading Discussion / Re: What and where? on: March 28, 2022, 02:39:35 PM
I saved up a few this month and planning to invest a part of it in trading but I'm not really sure where to start. What should I trade and I'm leaning on using binance since I am confident in using it for a year now. What can you suggest?
Choosing a good exchange is a good start and where you can entrust your money and let them hold it for your trading activities.
So you've chosen the Binance exchange which is a good pick, they've supported many coins listed on that platform and not only trading, either staking is also available on their platform.

I suggest having first knowledge and skills in trading and don't expect too much profit from the start because you're building up an experience there's a possibility of losing your fund.  You should always be ready when to decide to start trading, it's very crucial and not easy of making money and I hope you understand that in trading, earning isn't the most subjective, earning experience too is a must.
1318  Economy / Trading Discussion / Re: What have been your crypto trading experience on: March 27, 2022, 11:58:41 PM
Ain't have much experience in trading but based on my past experience, I always look forward to my mistakes and errors that will not happen again in the next session in my trading.  Trading is very crucial for me and it's hard to earn money there, ain't even know how to have a fundamental and technical analysis and that's why as of now, I preferred to invest in the long term which is I saw that there's potential than trading.

By doing this, you don't have a miserable experience in trading.
  • Be always in a long term
  • Manage risk
  • Diversify your portfolio if it's neccesarry
  • Avoid pump and dump coins
1319  Other / Beginners & Help / Re: What Happens If You Send Btc At Same Time on 2 Different Devices? on: March 27, 2022, 11:32:06 PM
I heard this is actually called a double spend... is that correct?  So basically some people who want to scam would say okay I send you btc and then they send it... but they also send btc to another address at same time?  So they might send you the transaction id for you to check on blockchair to see the confirmations?  But the transaction they send to you... which they want cancelled... it would still show one or two confirmations... before it eventually will get rejected?  Is that how it works?
You know the Bitcoin network is really good and smart, once the transaction has a confirmation even it's one confirmation, it will be confirmed and once there's a confirmation, it's an irreversible transaction.

All comments above are right, this is just an addition and a friendly reminder.
The safe transaction should always have to wait for at least 3 confirmations on the network, that's usually considered as a safe transaction and can't even be canceled through RBF.  You can't broadcast two the same transaction at once, it should always be one transaction.
1320  Other / Beginners & Help / Re: Fairly new and had been ignorant but I know bitcoin works though. Still learning on: March 27, 2022, 11:07:04 PM
I read through the forum rules and happy to know that it's tightly moderated to intelligent discussions.
I hope you do not get too disappointed when you browse the forum more.
Jus like any platform on the internet, do not take all contents posted to be accurate, there are lots of spam around the forum and posts made solely for the sake of it. Always verify what you read.


Thanks for looking out. I know the internet isn't really a safe place and people can be misleading on purpose. I'm not ignorant anymore. I do try to verify for myself whatever I see on the internet. There are lots of information on here and people who understand it better than I do and I intend to browse through the lot. Thanks
You're in the right place to start with, just keep reading and spend your precious time here to gather more information about Bitcoin and other stuff behind it.  We're a community here and you are free to ask if there's something that you don't understand.  I was once in your situation when I was a newbie and I understand you very well on seeking the right information, that's a wise decision to always verify what you've heard.

See you around and I hope someday you will learn everything about Bitcoin.  It has an advantage always if we know much more about how Bitcoin works and it starts here in the forum. 
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