As of today's price valuation, the market cap value of total crypto is 1.17 Trillion dollars but bitcoin only has 48% of the total share which is 560 billion so the remaining 50% is invested in the so-called altcoins. Debating whether we really need to have any cryptos beyond Bitcoin is pointless since we already have thousands of others which are alive at the moment so it's entirely the users' choice to decide where they want to put their money.

I only prefer Bitcoin because it's proven, and not likely to be changed by the creator but I don't feel the same with any other coin that is why I only prefer bitcoin for investment and even for most trading purposes I just go with stable coin pairs only for day trading purpose.

In reality, there is none we can be entirely sure that an exchange we pick will not suffer a hack overnight but assuming someone is experienced in the crypto space still they are willing to leave the funds on exchange then we can safely assume that they got enough risk appetite but a newbie who just started with something that is only affordable can't afford to make mistakes.

But the knowledge comes with experience and cost if we are unlucky, I was using coinbase for a while for day-to-day transactions because it felt it is cheaper and convenient I moved to Electrum only after I realized it was a mistake. Luckily I didn't lose a dime with the lesson but it can't be the same for everyone.

Some people want to show that they are better with something like a higher merit ratio per post which should not be appreciated but since it has no bad effect on the forum then it's okay to clean up their own mess without loading the work for mods.

I am interested in knowing what the community thinks about it, I feel a pool about this will tell about it exactly.

I tried to create a new wallet on Electrum and found that the wallet files are not encrypted so with a simple text editor OP can access the recovery seeds on any device if he has the wallet file.

But it is not really good to have wallet files without encryption which makes it vulnerable and leads to loss.

This can't be true if the platform you are into it is legit so either you messed up on a clone site or with your address so the funds send to the wrong wallet. But I am almost sure that when a platform says you need to deposit ETH or BTC to access your funds then its a scam.

I am trying to insult anyone just being rational by assuming the farmers OP is talking about may not have any idea about investing, volatility, potential, etc they tend to agree for this because someone in the community succeeded with this strategy so they are going for it but I am saying that at least they should be informed about the risks involved so it won't be a disaster to face if the results are not as expected.

But those who seek the utmost security can go with the way there will be no compromise at all especially those who don't trust the Windows operating system. I forgot to mention that creating seeds offline on a device that they will connect to the internet later still has the risk of exposure to threats so it should be on clean air gapped device.

People often choose seed phrases based on memorable words or phrases, but using the same word repeated multiple times is just the dumbest thought I have ever heard. I hope no one is out there with the same thought because the seed phrases that lack sufficient entropy, become vulnerable to various attacks.

For someone who wants to create seed phrases completely offline and better than Electrum should use an operating system like Tails

https://tails.net/index.en.html

Also please refer to [Full Guide+Code]Seed Phrase & The Process of Deriving Bitcoin Addresses from It

The approach of teaching kids about Bitcoin via cartoon might pique kids' interest in Bitcoin but it may not be very effective as educational purposes so you have to find a way to teach them about financial literacy which will help them to understand about bitcoin better.

I would say it depends on their age a lot, if they are old enough to read on their own and understand a book then my first priority will be giving them ideas about the right books to get accurate information about money, system.  Relying solely on cartoons might limit the scope of learning so integrating other interactive and educational activities can complement the cartoon approach and enhance children's understanding.

It might be a trick used by the platforms to get many deposits as much as they can but they will only pay money to whoever deserves it which is legally acceptable but ethically not however we can't change the system how it used to be so the only choice is if we don't like it then choose the one which suits ours.

On the other hand, anyone can mistake even the big reputed casino too but OP spend all the money in just a day and now blaming the casino is not going to bring the money back or it's just the same kind of excuse used by the addicts to blame their mistakes on others.

You don't have to make posts that are grammatically correct, its enough to make posts that make some sense, especially in the public forums. But looking for any errors by reading again won't do any harm and it will be effective to identify the sentences that are not properly constructed.

Anyway, when someone suggests you post quality over quantity it never meant long text, it just means post something knowledgeable.

Neither of them is getting any benefits or at least financially but each country from NATO is providing the firepower, new tech drones and a lot of money to Ukraine it seems to me they took Ukraine as a testing field to test all their inventions related to Military aids so they can be sure of what their actual power in case if they have to use their for own in future which really can be avoided that will bring the ease to the Russia-Ukraine war and ends will minimum damage no matter whoever wins the poor lives can be saved.

Not just Ukraine and countries that are supposed to receive the cargos from Ukraine were affected but also Russia since US imposed sanctions against them so it's retaliate from Russia's perspective if all the countries are against them. Geo political conflicts are much more complex either it has to be shut down with power which is not likely the possibility with country like Russia and trying to bring in the Peace in some way.

I wonder what Nato is doing when all these things are happening because if I am not wrong the conflicts began when NATO countries insisted Ukraine to join them.

You are supposed to have your recovery seeds and it is the only way to access the funds you can't be able to find the issue with your existing application. As others said check your Internet connection and firewall but I would simply import the funds to another wallet even into an Android device by downloading electrum wallet.

Yes, I am also using Binance p2p which has the same risk as doing on Paxful but only better thing is we can expect the better support and hopefully the scammers account will be held until everything resolves.

But in my experience using LBC for years and Paxful for a while met with lot of scammer's attempts and even some succeeded such as chargebacks and all I did is successfully terminated all their accounts and funds were locked indefinitely.

I am wanting to do these p2p deals on Paxful and also on Noones ( doing it since Paxful closed) is to make some money via deals of offering to sell and buy services.

It is really an unfair comparison so definitely there is no answer to say whether the risk involved in bitcoin is higher or it is in gambling.

The reason why the adoption of gambling is rapid is because of the evolution of the internet just as social media, youtube, online degrees, and importantly jobs which clearly insist that everything that has been done traditionally is getting replaced by the internet in the way people are liking it.

Exactly, cause I think not everyone is supposed to run their full nodes unless there is some necessity for them to do. Here in case OP just wants to have better security for his assets that are stored in a wallet like Electrum and looking to increase the security further.

But running their nodes on their own servers is mandatory for anyone who seeks the utmost privacy and is not willing to rely on third part servers.

If you feel you aren't capable of holding multiple keys on your own then there is an option that offers paid multisig setup like Casa which ensures that your keys will be will be stored in multiple places but its all based on trust which is against the nature of bitcoin since it encourages trustless system.

I will suggest you go for hardware wallets that are better than SPV wallets cause its less likely to be affected by malware and no burden of managing multiple keys.

But there are different kinds of wallets available for different user needs so pick yours based on your needs. And if you are just okay with a small amount then single signature Electrum wallet is enough along with passwords that ensure unauthorized access when device gets stole and buys you enough time to import the wallet with seeds and move the balance in that wallet to the new when the person is trying to brute-force your password.

Had a look but you can find most of the scams reported is most likely social engineering scams or when they are dealing with feshly created accounts because where they fell for the offers that they never imagined like over 60% than market place which is obviously coming from source that is not legit or from theirs which kind should be avoided at any cost.

Anyway, I will give it a shot myself with a small amount for a while to realize their user experience.

I have been watching the Platform ever since they were back, there is no lack of liquidity there or at least for the currency which I generally trade with so isn't about that I just want to make sure their trading experience, withdrawal, and deposits are smooth.


Paxful is P2P since the platfrom is not creating the trade orders or set prices, its where the buyer and seller choose whatever they want and the platform collects flat1% fee and also I am encouraging the use of decentralized p2p like Bisq but with my case the volume for the order I prefer is absolutely zero and I created an offer it just sat there for very long.

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I am only deal with bank transfers and it's only with the members that I trust also I can see there is no declining in the demand, I am just afraid that if I don't move in back at right time then I am concerned those traders I usually trade might move to others.