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2961  Economy / Economics / Re: 12% of First-Time Homebuyers Say Selling Crypto Helped Save for Down Payment on: January 13, 2022, 12:14:09 PM
It is good to see some have benefited from the recent bitcoin bump, and because it is only a successful investment and not long-term thinking, but it is better than keeping cash, which has become more dangerous than acquiring Bitcoin.
Questionnaires are inaccurate, may be biased and cannot be generalized to be imposed on a particular community or country, but they prove that Bitcoin has a use and has helped some in facilitating their lives.
The word helped them may mean a simple 1% assistance or a payment of approximately 60%, not the full payments
2962  Other / Archival / Re: Crypto Twitter on: January 13, 2022, 11:53:40 AM
I'd rather make my own feed by exploring accounts than going after ready made lists which will increase their influence and influence.
Characters like Elon Musk shouldn't be considered influence's because they influence the price side of a one-time, one-of-a-kind altcoin but developers who have YouTube channels, magazines and who update and add daily information is the perfect list.

This list will not be compatible with everyone so it is best to leave it to each user individually.
2963  Other / Archival / Ponzi Schemes on: January 13, 2022, 11:33:51 AM

Disclaimer: The information's contained in this explanation is the result of my understanding of Ponzi Schemes and may contain some errors. Search and confirm about it.


Table of contents

      1. Introduction
      2. What is a Ponzi scheme?
      3. How Does a Ponzi Scheme Work?
      4. How to Recognize crypto Ponzi Schemes?
      5. How to protect yourself?


Introduction

Most individuals who invest in cryptocurrencies want make some profits so the return on investment (ROI) is supposed to be one of the things to study before thinking about investing.
With the increase in projects and methods of investing in cryptocurrencies, the risks increased, and therefore risks must be redefined, the difference between them and Ponzi schemes.

What is a Ponzi scheme?


The name goes back to Charles Ponzi who became famous for his fraudulent system of earning money, as he managed to defraud hundreds of victims.
Ponzi schemes work by paying profits to former investors with funds from newer investors and therefore the belief comes that profits come from product sales and thus continue to invest and the promise of generating high-value returns with little or even no risk.
In the end, other investors discover that they are the source of the funds and therefore they will not receive returns and they may lose their money.



How Does a Ponzi Scheme Work?


The main point is that scammers never invest money that they redistribute investor money to believe that they are making profits, and therefore you need a steady flow of money to survive, otherwise they will run away with the money.

What makes this type of fraud appropriate in cryptocurrencies is the fact that scammers are more difficult to track and there is not enough regulatory framework to protect investors and thus may escape all investments without paying any returns.


How to Recognize crypto Ponzi Schemes?

It is not an easy task, but there are some indicators and red Flags which make more likely the project is to be Ponzi Scheme than as an investment:

  • Promises of high profits with zero risk: “The higher the risk, the higher the reward” When you hear that there are no risks, something is wrong.
  • Consistent returns, regardless of the market condition: The yield from investing varies according to the nature of the market, but when a project talks about double profits in a short period, regardless of the market.
  • Lack of transparency: how to get profits, the nature of the investment, who the investors are, information about them. They try to sell you dreams without providing detail about them.
  • Don’t offer real products or services: Often the investment is a dream, but there are no real services.
  • Increasing minimum investment: These projects need to grow rapidly, and therefore they need to increase their capital, which is higher than the minimum withdrawal amount.
  • It comes through someone with a shared affinity: Often these projects come from a well-known personality or someone you trust and thus reduce caution and search for them, sometimes they lie to developers or give false information.


How to protect yourself?

  • Be skeptical: Ask a lot, understand how you benefit from the investment, how the project works, read about them and ask people in this forum or who you trust.
  • Do not trust. Verify: Do not trust the opinions of experts, and do not listen to all details without checking them.Ask for registration information, legal papers and verify that they are correct.
  • Check out the seller, white paper, developers, their road map, and all the details: Scammers are always lazy so you will find some errors or misinformation.
  • Understand the investment: Do not invest in things you know nothing about.
2964  Local / Alternatif Kripto-Paralar / Re: En İyi Metaverse Coinleri * 2022, Hangi Metaverse Coin Alınmalı on: January 12, 2022, 02:55:07 PM
Bu paraların çoğu gerçek projeler değil ve gelecekte değeri olmayacak. Kısa vadede yüksek riskli yatırımlardır ve iyi bir getirisi olabilir, ancak uzun vadede iyi değildirler.

Bu projelerin detaylarını araştırmanızı tercih etmiyorum, çünkü hepsi yeni dönem pompalayan medya ile ilgili projeler ve birkaç ay sonra değerlerinin sıfır olduğunu göreceksiniz.
Akıllı olun ve bitcoin'e yatırım yapın.
2965  Economy / Service Discussion / BitPay is slowly dying? on: January 12, 2022, 02:24:59 PM
65,571 average transactions processed per month. which makes the number of daily transactions less than 3k transactions.
It is considered small when compared to the companies that use BTCpayServer.


Source: https://bitpay.com/stats/


chart above say that majority of people paying via bitpay using altcoins

I do not know how long bitpay activity will continue if the number of transactions continues like this.

You can read some of the discussions on Twitter here:

2966  Bitcoin / Project Development / Re: Launched a Bitcoin escrow on Tor on: January 12, 2022, 02:07:36 PM
When launching the multi-sig, i may just partner up with escrow providers in the forum and he will be in charge of the multi-sig.
I set the admin interface to not be able to modify bitcoin address, so basically once bitcoin core sets an address to the user, it is impossible to modify it, i will be encrypting the addresses in the next version of it, so it cannot be modified by anyone. Thanks for the idea.

It is good to see someone trying to do something new.
you need to make something better than a site controlled by trusted members of the forum, your audience will be from the forum only, and most of the forum members may not use it because it represents an additional fee instead of contacting escrow members directly.

  • your work as a sole, part-time developer means that many backdoors will be present.
  • Any hack will cause the site's reputation to be ******.
  • Do not forget that you need trust, technical development and presenting something convincing.

I advise you to release a beta version on testnet and when everything is acceptable, you can start thinking about it seriously and looking for a promotional campaign.
2967  Economy / Speculation / Re: Bitcoin Price Forecast by Goldman Sachs on: January 12, 2022, 01:37:23 PM
Expectations are always based on market data and not on a single variable, such as if it continues to exceed the share of gold in the market, something that cannot be accurately calculated or estimated.

  • If Bitcoin fails to maintain $20k, there is a problem.
  • If Bitcoin not breaking $100k that does not mean anything.

Bitcoin has grown over the past years, and therefore the failure to achieve $100k in 2022 does not mean that it has failed, and the failure can be measured relatively by moving away from $20k in 2022 to XXXX, which is the bottom over the past year.
2968  Economy / Economics / Re: If crypto trades are done off-chain, they are not real. The Economics of CEX's. on: January 12, 2022, 01:06:19 PM
We need centralized platforms because of the high speed, low fees and efficient database management that make speculation valuable.
It is true that it is an update of the databases but it still has value just like what happens in the movement of the balance in your bank account.
If decentralized platforms develop, they may be competing with centralized platforms and in speculative methods, but we will need central platforms to transfer profits to our bank accounts.
2969  Other / Off-topic / Re: World Richest Crypto person CZ Networth $96 Billion on: January 11, 2022, 06:00:43 PM
Influencing the wealth of CZ will be easy, several regulatory decisions or a drop in the price of Bitcoin, and his fortune will be less than half.
This year will not be perfect.

 - A real correction may occur in the price of most cryptocurrencies.
 - Binance won't continue to be number one for very long.
 - Any hack or a technical problem or regulatory laws will affect it severely.

Mark Zuckerberg's fortune isn't as central as CZ.

Justin Sun's star has been around for a while, a few years ago it was Roger Ver. Who will be next in the future?
2970  Bitcoin / Wallet software / Re: hep me user file account exodus on: January 11, 2022, 05:47:09 PM
What is your local/native language? The forum has a number of users who speak most languages, so try to speak using local language instead of trying to write in English, especially when you want technical advice.

Do not use Telegram for technical assistance, many scammers will try to message you.

Exodus wallet has a newbie-friendly interface, so you do not need a developer to help you. all the ideas you might think of are there. Instead of paying a developer or using his method, you will find the solution is available and open source.
2971  Economy / Speculation / Re: The Deep before the Raise on: January 11, 2022, 05:35:40 PM
You don't need to look at the price chart because you read the update after it happens but delve into some of the data on the network that glassnode provide:


Miners Accumulating #Bitcoin
- 5 consecutive days of accumulation over +6,100 #BTC
- $43m purchase by Bitfarms in the first week of January.

Source: https://twitter.com/BTC_Archive/status/1480904360230072324



https://insights.glassnode.com/the-week-onchain-week-02-2022/

You will find more data in the link above so we may be one step closer to 30%+ bumping.
2972  Bitcoin / Project Development / Re: Launched a Bitcoin escrow on Tor on: January 11, 2022, 05:27:05 PM
Can you explain more, I mean multi-sig is a good idea but you need to trust the third party if it is 1 out of 3 and also it must be ensured that the webmaster does not know or ْgenerate addresses.

why you only have tor version on the Tor network, It is to avoid DDoS attacks and privacy, which are not necessary for a new website trying to gain trust.

Escrow needs to be trusted by a third party who cannot be anonymous.
2973  Economy / Computer hardware / [WTB] MSI GL73 9SDK-219 on: January 11, 2022, 05:11:07 PM
Want to buy this device with a little discount. 30% of the device price, shipping to Portugal.
My budget is up to $ 750 (with shipping charges).
I don't have a problem with escrow.
I need some pictures and information about the device.

The least specifications I am looking for:

Processor: Core i7-9750H
Graphics: NVIDIA GeForce GTX1660Ti
Storage: 1 TB
Display: 17.3" FHD (1920x1080) 1920x1080 16:9



image from https://www.newegg.com/black-msi-gl-series-gl73-9sek-411-gaming-entertainment/p/N82E16834155239R
2974  Economy / Services / Re: [CFNP] Arcona.Space | X-Reality Metaverse | Signature Campaign ~ Sr. Members+ on: January 09, 2022, 03:08:20 PM
Again @magneto provided a step by step guide here.
Thanks! I followed this step by step guide and managed to sell one of NFTs for .1 WBNB or 45 USD (current prices.)
Now I have this problem:

@Arcona.Space team sent the first NFT to my old address (Trust wallet), and when I tried to transfer it to MetaMask wallet, I get a failed message, Can rarity.garden be linked to trust wallet or is it possible to send it from Trust wallet to MetaMask  (I pressed the send button and checked the fees, but I always get a fail startus)?

Sorry to bother you, it's my first time selling NFTs and it's the reason I joined the campaign.
2975  Economy / Economics / Euro zone inflation hit a new record high of 5% in December on: January 08, 2022, 10:29:44 AM


Quote
Euro zone inflation hit a new record high in December, raising more questions about the European Central Bank’s monetary policy.

Preliminary data showed Friday that the headline inflation rate came in at 5% for the month, compared to the same month last year. The figure represents the highest ever on record and follows November’s all-time high of 4.9%.

The increase was mostly due to higher energy prices.

“After reaching 5.0% in December, headline euro-zone inflation should fall this year as the energy component plummets,” Capital Economics said in a note Friday.

Inflation has been in the spotlight after consecutive increases in recent months, with money managers debating whether the European Central Bank should be taking a more aggressive stance to combat rising prices.

Source https://www.cnbc.com/2022/01/07/euro-zone-inflation-december.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard



Do you still think we can get inflation at 2% levels in the medium term with the continuation of the current policies or will we need to press the brakes hard?

Is 5% peak inflation, or will we see inflation at more than 10%?
2976  Local / Türkçe (Turkish) / Re: Bitcointalk Youtube Kanalı on: January 07, 2022, 11:59:22 AM
Videolara Türkçe altyazı eklense çok iyi olur, otomatik çeviri bazen sapıtıyor.
+1
Otomatik tercüme yerine yerel dile profesyonelce tercüme edilmeyi ve böylece daha iyi sonuçlar almayı umuyordum, İngilizce'ye uygun bir tercümenin olması ve olması uygun olurdu.

Dil, arka plan ve içerik profesyonel görünüyor ve dizinin zengin ve bilgilendirici olmasını bekliyorum.
2977  Alternate cryptocurrencies / Altcoin Discussion / Re: staking is a type of mining? on: January 07, 2022, 11:32:07 AM
Mining is always associated with a proof-of-work algorithm, you need physical hardware to verify transactions and ensure that fraud does not occur.
Staking is linked to a validation algorithm where verification is made based on the distributed currencies and not by devices and trying to guess the number that is used once.

Staking is not mining and is not related to it, and the only aspect of the similarity between them is that both of them generate coins for the owner party.

2978  Bitcoin / Project Development / Re: Crypto Blog – Looking for new partners on: January 07, 2022, 10:38:48 AM
You have two options

  • First is to apply for jobs and thus appoint experienced people according to the money you have, and then you are looking for developers, or rather a paid service.
  • Second is voluntary participation, and here you need to make everything open source and that the goal be non-profit (or at least in the first part)

Do you have the money or can you prove it?
Wix does not represent anything. It is an effort of how many minutes.
2979  Economy / Trading Discussion / Re: Keep calm and buy the dip. on: January 07, 2022, 10:06:09 AM
If you zoom out, you will find that the price is high compared to several months ago, and therefore there is no need to worry.

I remember that at the beginning of last year I sold some currencies when the price rose to the level of 42k support level, which was considered All Time High.
The resistance level at 42K is difficult to break easily and therefore is considered a good buy level.
It may be the last time we see Bitcoin this low.
2980  Economy / Trading Discussion / Re: When trading bitcoin at robinhood, do I watch BTCUSD or BTCUSDT? on: January 07, 2022, 09:24:48 AM
BTC/USDT is a trading pair that you can find on platforms that focus on trading bitcoin with altcoins.
Its goal is to stabilize your profits at a value close to the dollar.

BTC/USD is a trading pair between Bitcoin and fiat money and is suitable when you want to sell your currencies for cash or transfer them to a bank account.


  • When you want to transfer to the bank or use robinhood, BTC/USD is better
  • When you want to trade altcoin or use binance/coinbase, then BTC/USDT is best.
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