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841
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Economy / Trading Discussion / Re: Which is better to invest in copy trading or bot
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on: July 15, 2023, 08:25:35 PM
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I am not able to select either option. I have no prior interest or familiarity with bot or copy trading, although I have heard about both concepts. Drawing from my own experience, I would suggest focusing on expanding your knowledge instead of opting for copy trading or using bots. This is because both bots and copy trading have their limitations, as they require you to follow someone else's decisions and may not allow you to make real-time choices based on the current situation. If your goal is to generate a substantial income, it would be beneficial to invest your efforts in learning as much as possible.
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843
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Bitcoin / Legal / Re: Question about taxes on crypto profits (USA)
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on: July 14, 2023, 09:27:01 PM
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As a taxpayer, it is your responsibility to pay taxes to the government. If anyone other than the government asks you for tax payments, it is likely a scam. Exchanges do not have the authority to deduct taxes directly from you; instead, you are required to submit your tax returns to the government. However, exchanges are obligated to provide reports to the government upon request. Please note that these are general terms, and specific rules may apply in the United States or other jurisdictions.
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844
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Bitcoin / Bitcoin Discussion / Re: Bitcoin is done! Now this is what we are left with!
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on: July 14, 2023, 08:47:50 PM
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I cannot guarantee my own existence until the point when all Bitcoin has been mined, so it becomes quite difficult to predict what will occur at that time. However, if Bitcoin does still exist at that point, its price is likely to soar. Miners will continue to earn mining fees from the transaction fee, which will be sufficient to cover their mining expenses and generate profits. This is crucial for maintaining the vitality of the Bitcoin blockchain.
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845
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Bitcoin / Bitcoin Discussion / Re: BLACKROCK SPOT ETF DISCUSSION
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on: July 14, 2023, 08:39:36 PM
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I haven't observed any substantial impact on the price of Bitcoin in the past when a Bitcoin ETF was approved. The price surge is usually short-lived and quickly returns to normal. These pumps are not a result of the ETF itself, as they don't necessarily lead to an increase in actual Bitcoin holders. Instead, they are driven by hype and the fear of missing out (FOMO). Therefore, I don't feel excited or have high expectations for the Blackrock ETF
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846
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Other / Beginners & Help / Re: See Binance laughable tweet, but deceiving newbies
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on: July 13, 2023, 09:03:52 PM
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Indeed, Binance has been dishonest about offering financial freedom through their centralized exchange. While they have provided a convenient platform for trading cryptocurrencies and even facilitating peer-to-peer transactions, it is crucial to understand that their services primarily cater to trading purposes rather than enabling true financial freedom. It is essential to prioritize the security of funds by utilizing non-custodial wallets.
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847
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Economy / Service Discussion / Re: Having Difficulties Withdrawing Funds From Crypto Website.
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on: July 13, 2023, 08:53:34 PM
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It appears that the website you mentioned is requesting further deposits from you. It has been ten days, and there have been no updates to your account. Do you really believe they will transfer your funds to another account? It is likely that they will encounter the same issue and repeat the process. I am highly suspicious of this website and suspect it may be a scam. Since I cannot access the site myself, I am unaware of its terms and conditions or its purpose. However, based on the information provided, I assume it could be a Ponzi scheme, and you may have been deceived by them.
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848
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Bitcoin / Bitcoin Discussion / Re: Understanding Bitcoin's Potential Realistically
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on: July 13, 2023, 08:09:56 PM
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Avoid excessive excitement. Bitcoin cannot solve all the financial problems in the world, as it was not originally created for that purpose. Its initial aim was to address the issue of money transfers, enabling peer-to-peer transactions without the need for intermediaries. However, we have also discovered that we can benefit from Bitcoin's volatility, leading it to become an investment asset, despite not being its original intention. The truth is that Bitcoin has provided us with more than what we initially anticipated.
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849
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Bitcoin / Bitcoin Discussion / Re: is it Advisable joining Bitcoin signal group?
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on: July 13, 2023, 08:04:05 PM
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I don't recommend subscribing to a paid signal group for crypto trading. Based on my experience, such groups have proven to be ineffective. Initially, I joined a paid signal group, only to find it to be disappointing. They would showcase a few successful trades in a public group to entice people to join their private paid signal group. However, the paid group turned out to be unreliable and unhelpful. They would simply provide their own analyses without any guarantee of accuracy. Their predictions were vague, suggesting that prices would either rise or fall from a particular zone. This type of call is far from perfect. I advise you to steer clear of paid signal groups and instead consider joining free groups. While these groups may not provide trading signals, they can offer quick updates and information about the crypto market.
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850
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Economy / Services / Re: [CFNP] BestChange Signature Campaign | Sr Member+
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on: July 13, 2023, 06:41:02 PM
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Thanks to @The Cryptovator for taking the time to take on the role of deputy manager of the Bestchange signature campaign during the vacation period, which allowed participants to receive their rewards for the past week in a timely manner. I have a question for the manager, who will hopefully answer it when he returns. Here goes! For all the time that I have been a member of the Bestchange signature campaign, which, by the way, has been for more than a year, I have consistently fulfilled the weekly maximum in terms of the number of posts. With a few exceptions, of course. This is easily verified from the data in spreadsheet. Why am I saying this? Yesterday, for the first time, I encountered the fact that 1 of my posts was not counted, and this surprised me. Therefore, I checked all the posts from the past week and found that one topic had been moved to the off-topic section. Although I remember exactly that that topic was in bitcoin discussion section. I want to note that I almost never conduct a discussion in the off-topic section, and even by mistake I could not write there. I assume that the moderators moved that topic from bitcoin discussion section to the off-topic section. In connection with the foregoing, I am voicing the question that I mentioned at the beginning: is it right not to count a post that was written as part of the rules of the signature campaign, but due to the decision and actions of the forum administration, which brought the post beyond the campaign conditions? I would like to draw your attention to the fact that the forum participant himself could not influence this in any way and initially acted within the framework of the campaign conditions. In my opinion, the situation is a little controversial and I think that it is quite rare. But in the future, this may happen again, and therefore, it would be good to understand this precedent, which will allow us not to return to the search for a solution again. So to speak, to approve specific rules on this issue. Thank you for your attention. That topic - https://bitcointalk.org/index.php?topic=5459060.msg62520043#msg62520043My post - https://bitcointalk.org/index.php?topic=5459060.msg62520956#msg62520956Your posts should be in the appropriate section during the post count, according to the campaign rules. There should be no controversy. If your post doesn't exist in the appropriate sections for a week, you don't deserve payment for it anyway. It's useless to raise a question in such a case. I have a question: Why do you always make 25 posts? Is it just to meet the weekly quota? Isn't that a dumb idea? It indicates that you only make posts to get paid and don't have any real interest in contributing to the forum. Why can't you make more or fewer posts? The minimum requirement to be eligible for the campaign is 10 posts, so you are free to post more than that. There's no need to limit yourself to 25. If the manager is too strict, they might remove participants who haven't been contributing to the forum. However, the Bestchange manager is friendly enough towards participants. Please refrain from raising useless questions. |
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851
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Bitcoin / Bitcoin Discussion / Re: Shuting down all bitcoin ATMs illegally operating in Uk
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on: July 12, 2023, 09:23:45 PM
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After all, Bitcoin ATM is not a clandestine machine designed for illicit activities. Tell that to the FCA. Do you think that its a coincendence that no BATM operator managed to get registered with FCA as of yet? Unfortunately, these actions by a few bad actors are detrimental to the genuine adoption of Bitcoin, which is disheartening.
To be honest, I think that much bigger problem here is FCA than those BATM operators because they think that the sole purpose of those ATM is to launder the money. With such hostile view at Bitcoin ATMs and crypto in general, no wonder that no operator managed to get licensed by them. I find it difficult to comprehend how a BATM (Bitcoin Automated Teller Machine) can be installed without proper authorization from the legal department. Even in a developing country like mine, it would not be feasible to install a BATM without facing legal consequences. It is highly likely that such installations would be promptly noticed and addressed by the authorities. This raises my curiosity about how a financial system can operate without the necessary legal authorizations in place. |
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852
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Bitcoin / Bitcoin Discussion / Re: Bitcoin: risk nothing, you're risking more
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on: July 12, 2023, 09:15:51 PM
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in this world there are many people who are not interested in bitcoin and many also think of it as a fraud and usually people who say negative about btc because they don't know about btc.
Due to our initial misperceptions about Bitcoin, many of us hesitate to embrace it. When we only highlight the positive aspects and then witness a significant market decline, people may view it as a scam or fraudulent and subsequently spread negativity. This is why it is crucial to educate individuals comprehensively, providing them with technical knowledge. By doing so, they can recognize the potential of Bitcoin and make informed investment decisions in the future. Acquiring proper knowledge will greatly enhance their chances of benefiting from Bitcoin. |
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854
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Bitcoin / Bitcoin Discussion / Re: My story about bitcoin and my old friend.
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on: July 12, 2023, 08:13:10 PM
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Yes, it happens sometimes. When I first encountered Bitcoin, I was abroad. There were always people discouraging me from getting involved with Bitcoin, even though they didn't fully understand it. They believed that making money online and investing through the internet were things of the past. However, crypto has changed my life in some ways. I have earned a significant amount from providing marketing services, which has been enough to transform my life. I am still actively involved in Bitcoin trading, while those who doubted it are still abroad, and I have settled in my home country.
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855
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Bitcoin / Bitcoin Discussion / Re: Shuting down all bitcoin ATMs illegally operating in Uk
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on: July 12, 2023, 08:01:34 PM
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I find it rather astonishing that illegal Bitcoin ATMs are being operated in the UK. It's truly baffling how such operations are even possible, and it raises questions about the initial lack of enforcement. Since Bitcoin to cash transactions directly involve fiat currency, one would expect that obtaining a license or permit from the government would be mandatory. After all, Bitcoin ATM is not a clandestine machine designed for illicit activities. Unfortunately, these actions by a few bad actors are detrimental to the genuine adoption of Bitcoin, which is disheartening.
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856
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Bitcoin / Bitcoin Discussion / Re: Bitcoin: risk nothing, you're risking more
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on: July 11, 2023, 07:25:19 PM
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Welcome to the forum! It appears that this is your first post here, and it's great to see that you've already learned from your past mistakes. There's nothing wrong with that because you're in the right place to grow. Instead of dwelling on what you've done in the past, focus on the lessons you've learned. Remember, regret won't change your past, but you have the power to shape your future.
Taking risks is essential if you want to achieve success. Bitcoin, being a highly volatile cryptocurrency, requires patience to profit from it. The good news is that it's not too late, as Bitcoin is currently in an accumulation zone. By staying patient and making informed decisions, you can still benefit from this opportunity.
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857
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Bitcoin / Bitcoin Discussion / Re: Positive thoughts and attitude towards Bitcoin.
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on: July 10, 2023, 08:11:32 PM
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Congratulations on making the right decision and experiencing profit. It's understandable that you feel happy about it. However, it's important not to feel regret in the event of a significant Bitcoin price drop. As a business-minded individual, you have the opportunity to take advantage of the market volatility. If you observe the Bitcoin chart, you'll notice that it has been fluctuating within a range that allows for short-selling. Although this approach carries risks, it is through taking risks that one can potentially earn significant profits.
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858
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Bitcoin / Bitcoin Discussion / Re: Education and money as the key to Bitcoin adoption.
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on: July 10, 2023, 08:04:40 PM
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Starting any business, whether in real life or with Bitcoin, requires a combination of knowledge and financial resources. Both elements are essential for success. Without knowledge, money alone is insufficient, and without money, knowledge alone cannot enable you to initiate a business venture. Therefore, the same principle applies to Bitcoin. Engaging in Bitcoin investments requires both expertise and capital. It is crucial to educate oneself about Bitcoin, particularly its technical aspects, in order to effectively embrace the technology and capitalize on its potential for financial gain. Neglecting this educational aspect may lead to regrettable consequences down the line.
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859
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Bitcoin / Bitcoin Discussion / Re: My First Wallet.
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on: July 10, 2023, 07:58:15 PM
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A hardware wallet is always superior to a hot wallet. Its security is nearly impenetrable because transaction confirmations must be made through the device. While I am unfamiliar with the Safepal wallet, it appears to have earned trust among lists of hardware wallets. Personally, I have been using a Ledger wallet since the start of my hardware wallet experience. Congratulations on prioritizing the safety of your funds! Just remember to store your seed phrase in a secure location.
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860
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Bitcoin / Bitcoin Discussion / Re: My personal savings now I will invest in Bitcoin
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on: July 10, 2023, 07:49:14 PM
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If your life savings are not at stake, you have the freedom to invest in Bitcoin. However, it is crucial to conduct thorough research on your own. It is widely known that Bitcoin investments come with inherent risks, and it is important for you to be well aware of them. Bitcoin is a highly volatile cryptocurrency, and it may take a considerable amount of time before you can see profits from your investment. Furthermore, it does not guarantee financial gains; there is also a possibility of losses. Therefore, it is essential to be mentally prepared and invest only what you can afford to lose.
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