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May 11, 2024, 02:51:49 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
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1  Bitcoin / Bitcoin Discussion / Re: Don't invest in Bitcoin because others are investing in Bitcoin on: May 10, 2024, 09:27:13 PM
There is no space for emotions in crypto. If you just blindly follow someone about investing in Bitcoin, then it totally depends on your luck, whether you make money or lose money. Because you don't do any kind of research and follow someone blindly. The first thing about Bitcoin investment is learning. Without learning, there is no point of investment. At least we should have basic knowledge about Bitcoin. So yes, I would agree with OP at this point; just don't follow other investors to make your own investment decisions. Make your own investment strategy to be a successful investor. 
2  Other / Beginners & Help / Re: Non custodial wallet is not for the weak on: May 10, 2024, 09:06:46 PM
You are trying to mislead newbies. If you don't understand a thing properly, don't write about it. Just try learn, and practice yourself before writing an article like this. A custodial wallet gives you nothing except potential risk. You have to keep saving your wallet credentials for both kinds of wallets. So why do you need to choose a custodial wallet? For customer support? Why do you really need it when a decentralised system doesn't have centralised customer support? Using a non-custodial wallet means you are your own bank. You don't need any kind of support. Because everything you are controlling. Support systems suit only custodial services. 
3  Economy / Reputation / Re: Removed my red trust on: May 10, 2024, 08:57:32 PM
If you aren't legit and create such a thread, then it is more likely you will get more negative feedback. You guys are account farmers and spamming the forum and social media. The above evidence is enough to make sure you have been using multiple accounts to cheat the bounty campaign. Otherwise, there won't be valid reasons to use multiple accounts. However, I don't think Red Trust is preventing you from doing bounty campaigns, though I am not sure about the campaign rules for bounty. Just don't cheat, and no one will tag you. 
4  Bitcoin / Bitcoin Discussion / Re: When is it right to invest in Bitcoin? on: May 10, 2024, 08:49:03 PM
In short, now is the best time to invest in Bitcoin. In the long , you should follow the DCA strategy to invest in Bitcoin. Just keep accumulating with each dip. So your average purchase cost will be reduced with every dip. Since we are unable to detect the bottom of the Bitcoin price, the standard investment strategy is DCA. But everything depends on your financial situation. Otherwise, you have to make your own investment strategy. If you wait for the bottom, then most probably you will miss accumulating bitcoin. 
5  Alternate cryptocurrencies / Altcoin Discussion / Re: Does Trust wallet keeps tx history? on: May 09, 2024, 09:29:00 PM
Why exactly do you need these features when all the data is available on the blockchain? Trusted wallets will show all the data after restoration if the wallet is synchronised very well. I haven't tried it, but it should show all the data. I have seen some posts on the internet. Since TrustWallet is a non-custodial wallet, they don't store any data. All the data stored in the blockchain from where it is synchronised. There would be some errors, like the balance not showing, etc., but you have to restore the wallet properly and wait for full synchronisation. 
6  Alternate cryptocurrencies / Altcoin Discussion / Re: Can Monero survive exchange de-listings and low merchant adoption? on: May 09, 2024, 09:13:36 PM
I believe Monero will survive very well, even if centralised exchanges delist it. It would reduce trading volume, and prices would drop significantly due to low trading volume, but that doesn't mean they can't survive. Its decentralized cryptocurrency and actually doesn't worth using it through centralized exchanges. It's called a privacy coin, but when you use it on KYC-verified exchanges, it doesn't protect your privacy anymore. So there is no reason why Monero shouldn't survive when exchanges decide to delist. The government won't control decentralised exchange, so it will work there. 
7  Alternate cryptocurrencies / Altcoin Discussion / Re: Can Meme Coins still Catch Up With The Likes of Doge and Shib? on: May 09, 2024, 09:04:48 PM
I know a few earlier meme holders became millionaires somehow. But I haven't invested in memes at all. I don't know why, but I wasn't interested in memes. Probably I lost the train, but fortunately we don't know which meme will be pumping hard. You will be surprised to hear, but I did a press release for Pepe. But I didn't buy those meme coins. When I saw pepe have been trending around the crypto industry, I regretted it. But it was too late to invest in Pepe. However, I am not interested in any brand new meme coins. Because scammers have been taking advantage of the trend and scamming us. But if you want to gamble with your money, then you can invest in a brand new meme. If your luck favours it, then you may become a millionaire, but don't be overconfident and don't gamble too much. 
8  Bitcoin / Bitcoin Discussion / Re: What I experienced since the past two days now on: May 09, 2024, 07:50:08 PM
You inspired your neighbour to invest in Bitcoin, but instead of investing, he has been scamming people. It's true that those who know about both of you and that you were too closed would point to you as well. But actually, this isn't your mistake. When you are teaching something to others, it isn't necessary; they must be trusted. Because you can't estimate how trusted a person is, your neighbour would be trusted for some other sector or reason. But he came out as a scammer on crypto. There will always be some scammers, and that's how scammers are born. But we should keep adapting Bitcoin anyway. We can't find a trusted person. This is an unexpected scenario.
9  Bitcoin / Bitcoin Discussion / Re: Will blockchain survive the crackdown on mixers and anonymization? on: May 09, 2024, 07:40:33 PM
When crypto was born, there weren't any kind of mixers or privacy tools. But crypto hasn't only survived; it has also gained mass popularity. Crypto wasn't created for privacy reasons when all the data is public on the blockchain. Crypto was created to make borderless decentralised money transfers, which have been going on. No government can prevent us from using blockchain that is available publicly. So mixers or privacy tools don't have any relation to the blockchain. Privacy tools can just mix or break transactions; they can't change or modify blockchain data. So I don't see any reason why blockchain should be affected when mixers and privacy tools break down. 
10  Other / Beginners & Help / Re: Why do they always attack the newbies? on: May 08, 2024, 09:05:29 PM
To whom are you asking the question? I can see seniors helping newbies on the forum. If you make nonsense posts and create spam that a few members will criticise, it doesn't mean an attack at all. Instead of creating such threads, newbies could take a lesson and correct themselves. We should learn from our mistakes, but we shouldn't repeat them. If you wish to learn, then read more instead of creating threads. 
11  Bitcoin / Bitcoin Discussion / Re: Do you trust bitcoin holders? on: May 08, 2024, 08:56:28 PM
Bitcoin isn't a threat to the government directly; it's a threat to the bank, which is totally centralized. So ultimately, when the banking system is affected, it will affect the government's economic policy. As we know, holding Bitcoin in a non-custodial wallet means we are our own bank. So banks always seem to stand against Bitcoin. Some banks are supporting but not adapting at all. If your government considers using Bitcoin legal, then holding Bitcoin is fine and isn't anti-government action. For me, it's totally anti-government and anti-bank as well. But due to decentralised behaviour, I am still holding. 
12  Bitcoin / Bitcoin Discussion / Re: The reason why you shouldn't force someone to invest in bitcoin. on: May 06, 2024, 07:18:03 PM
You can force you to invest in Bitcoin for yourself, not for others. Why should you force someone to invest if they aren't interested in Bitcoin investment? You can just explain the advantages and disadvantages of bitcoin investment. But you can't force it. Because this is a financial decision, it must be made by the investor. We will not carry out the loss if something goes wrong in some way. Each of us has different thoughts, so our investment plans will be different as well. Before investing in Bitcoin, each of us has to do our own diligence. 
13  Bitcoin / Bitcoin Discussion / Re: US senators warn on Iran Bitcoin mining industry on: May 06, 2024, 07:11:09 PM
Why are all the Warrens anti-Bitcoin? And does Iran really care about US warnings? Even they don't care about sanctions from the US, and they won't prevent Iran's crypto miners. If Iran wants to help Hamas, they could do it in many ways. It isn't necessary that they use Bitcoin. They sanction Iran but can't prevent using Bitcoin anyway. This is all stupid thinking; it's Iran's business how they will handle their bitcoin. Why does the US always have to interfere with the policies of other countries?
14  Bitcoin / Bitcoin Discussion / Re: Have you successfully influenced someone to invest in bitcoin ? on: May 05, 2024, 08:53:53 PM
I have explained to many of my closest friends to invest in Bitcoin. I can't recall exactly how many of them invested, but I assume 30% were convinced to invest, and I managed to secure Bitcoin for them to buy. A few of my friends were easily convinced when they saw my success. A few of them refused, and they think it's out of reach now. I tried to convince them about reality, but they weren't interested. For me, I don't want to force anyone. I often explain positives and negatives as well. I am not ready to hear any blame later in case Bitcoin gets dumped. I can just share the potential of a Bitcoin investment, including potential risk as well. 
15  Bitcoin / Bitcoin Discussion / Re: Bitcoin ETF good or bad? on: May 03, 2024, 09:45:34 PM
No doubt ETF is good, but more likely, a large number of bitcoins are controlled by a centralised broker. They might manipulate the market if they want. However, due to ETF, a lot of new investors have introduced Bitcoin, and they are investing. They are just buying numbers, not real Bitcoin at all. I don't know why investors think it's risky to buy direct-chain Bitcoin, but they feel comfortable with ETFs. It's just nonsense to me, though ETF helped push the chart. 
16  Economy / Exchanges / Re: Be careful using Binance & Centralized Exchange on: May 03, 2024, 09:33:05 PM
I'm curious if they never asked you any personal information particularly those which may be considered intrusive by many?
No, they haven't asked for any additional documents at all. I had ready documents from where and how I got the funds. I haven't used mixers and we can't control others if they are using mixer and sending funds to my address. But yes, I am lucky they unfrozen my funds and let me withdraw everything. Funds weren't transferred directly from the mixer. But the address sent to me was connected to mixers. Most likely, that's why they unfroze my accounts. 
17  Alternate cryptocurrencies / Altcoin Discussion / Re: Are you taking advantage of this red market? on: May 02, 2024, 08:58:55 PM
Yes, I took the risk. I have invested a lot during that red candle. I have accumulated a couple of altcoins and am holding them right now. I believe this was a chance for us to accumulate cryptocurrency. Compared to Bitcoin, altcoins have dumped so hard. So instead of Bitcoin, I took the risk with altcoins. But still, I am holding some bitcoin in my portfolio as well. So I am waiting for a good pump to sell my holdings. Without taking risks, it's not easy to make money from cryptocurrency. So I had to take the risk.
18  Economy / Exchanges / Be careful using Binance & Centralized Exchange on: May 02, 2024, 08:51:09 PM
A few days ago, I had an issue with Binance. For my marketing services, I had been receiving funds in my Binance account. One of my clients sent me 15 BNB there, and he had used Tornado Cash to mix his BNB. I had used Binance for trading; hence, I received funds there to increase my portfolio. So after receiving funds, Binance froze my account. Even they don't ask for any explanation.

When I contacted support, they said the account was under investigation and it would take 30 working days. 
So I wait and write them on their social media as well. So almost after 45 days, they enabled my withdrawal but disabled all kinds of trading. Though it wasn't my fault and I am unaware of how clients sent funds, I suffer for that. Thanks to God, at least I was able to withdraw all the funds from Binance. I don't care, even if they don't allow me to trade there. So I moved all the funds into a hardware wallet. 

This is a lesson for everyone who has been using centralised exchanges. Don't receive funds in exchanges from random people, and don't store your funds there. The account would freeze at any time for any reason. 
 
19  Bitcoin / Bitcoin Discussion / Re: Suddenly I'm curious, do I need to pay taxes on Bitcoin income? on: May 02, 2024, 08:18:12 PM
Taxation totally depends on your jurisdiction and where you live. For me, Bitcoin is illegal here, so I can't pay tax even if I want. If your portfolio increases in real life, you must submit your tax. Otherwise, they would ask where you got the funds. So if crypto is legal there and you need to use your funds in real business, then you would ask about the source of funds. So ultimately, you will face tax issues. So contact your tax lawyers and share the details with them. They will find a solution for you. 
20  Bitcoin / Bitcoin Discussion / Re: What is you research process for events like bitcoin halving ? on: May 02, 2024, 08:11:29 PM
Why didn't you share your research with us? So we can know what type of research you are talking about. Halving is one of the Bitcoin events that reduces mining rewards after a specific time frame. It doesn't have any relation to Bitcoin prices except adding less Bitcoin to the circulating supply. I haven't researched anything, just monitoring everything. I share my own thoughts, nothing from the research. As per previous chart history, Bitcoin often starts pumping after halving, though not immediately. But this time we saw an immediate dump. So we have to wait a bit longer to see another ATH. 
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